Greetings All:

First, I am apologizing in advance for any typos in this email.  Schedule is
very tight, but I wanted to make sure that everyone had it first thing this
morning, with some back-up info that I've included below.

Attached is the email that was sent to Ken Lay's office yesterday evening for
delivery to Sen. Brulte.  It's of course confidential.  Few points:

I don't have Bev's email, so if you could please forward to her, that would
be appreciated.
As we discussed (Jim, Mike, Bev, Scott, Hedy) on our lengthy call on
Wednesday, I'm assuming that the plan is still to "wallpaper" Sacramento with
our proposed legislation.
This email does not contain the legislation.  Mike sent the "final" versions
of our legislation out yesterday, except for the siting piece, which I
believe Brian Cragg of Mike's office is finalizing today.
You'll note that we promise Senator Brulte in the email that we'll deliver to
his office today the proposed legislation.  Again, based on our call on
Wednesday, I'm assuming that we would simultaneously release the proposed
legislation to the rest of the world at the same time.
When we spoke on Wednesday, we decided that the Sacramento team would
determine to whom we would circulate the proposed legislation at the same
time that we deliver the Senator Brulte. I'm assuming that you folks will
handle that end of things.  Please let us know at your convenience to whom
you've decided to circulate.
This email does, however, include a "summary" of our proposed legislation.
But I'm not certain that the summary included in this email is the
appropriate language to distribute "to the world," or if we'll need instead
to tailor some new language.  I think we all agreed that we need a "one
pager" to accompany the legislative package so that we can communicate the
package effectively.
We also discussed the need to quickly develop a coalition to support our
proposals.  We didn't finalize that plan.  Perhaps the Sacramento team could
propose a plan to do that.  Perhaps we could start with our friends in the
Direct Access coalition?
We also talked about the need at this point to engage in PR and to get the PR
machinery activated, also with the goal of effectively communicating our
legislative package/message.  We're in a meeting with folks today where we
can discuss getting that side of things going and Karen Denne has contacted
Marathon and they're pondering some things that we can do in the near term.
You'll note that there's a considerable amount of information about the DWR
credit issue.  As I recollect, we discussed the issue in depth on the call.
You note that attached to the email is a "legislative fix" to AB1X that could
solve the credit issue and an attached set of "taking points" related to a
second alternative to solving the credit issue:  a PUC order clarifying that
DWR will get its money for power purchase costs.
Note also that Steve Kean reminded me that we've got to continue to push to
get the utilities out of the merchant function.  Accordingly, I've put a
brief paragraph on that issue in the note to Brulte in the last section
(legislative solution) under the topic "create a real competitive retail
market in California."  To the best of my knowledge, we don't have
legislative language on that piece yet, and it seems that we'll need to
discuss it in considerably more depth before doing so.

If you have any questions about any of the materials in the email, please
don't hesitate to contact me or Jim or Sandi to discuss.  I can be best
reached to day by pager at 888.916.7184.

Thanks to all for helping pull this together.

Best,
Jeff

----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 08:27 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 06:11 PM

		 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron
		 cc:
		 Subject:

Steve:
Here's a substantially more cleaned-version, with attachments.  There's a
hard copy on your chair.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 05:56 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject:

Jim:
It was a pleasure speaking with you yesterday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


Start Date: 2/6/02; HourAhead hour: 12;  HourAhead schedule download failed. Manual intervention required.


I saw that about Mackovic - He's a good fit in the Pac10.  Who do you take in
the Orange Bowl?  FSU is -11.  That sure seems like alot of points.

DG


Just wanted to let everyone know about the changes that will be made in the
upcoming week(s) to the EPNG/Blanco/Blanco meter.  Currently, Blanco is an
active pool facility that is traded by the West desk.  In order to allow the
Deal Confirmations group to identify which trades require special handling
language in the confirm, we have all decided to create a second meter with
the same data reference number in Global Facilities.  Doing this will serve
three purposes.  First of all, creating a second meter on the same data
reference number allows users to see two separate meters in Sitara without
affecting the way that physical location is nominated to the pipe since all
they receive is the data reference number.  The change will also allow the
Product Controls Group to create multiple products in EOL with different
pricing terms on the same physical point.  In addition, it will temporarily
resolve the issue the Deal Confirmation is currently experiencing in
segregating the confirmations that need special language.    I will be
creating a portfolio that will include all new trades done at both BLANCO
meters which will be monitored by the Deal Confirmation group.  I will make
sure to contact all of you once the meter change has become effective.  When
the change is completed, expect to see the following locations available for
selection in Sitara.

Pipe Zone  Meter   Product Description
EPNG BLANCO BLANCO EP Blanco 100%; use the standard Delivery Location field
and add flag "Special Handling - 2 Nomination Cycle       language".

EPNG BLANCO AVGBLANCO RESTRICTED, use the standard Delivery Location field
and add flag "Special Handling - Operational Constraints       language".

Please call me if you have any questions.

Imelda Frayre
x35423


FYR
 Jim Derrick

-----Original Message-----
From: Walls Jr., Rob <Rob.Walls@ENRON.com>
To: Derrick Jr., James <James.Derrick@ENRON.com>
Sent: Thu Nov 01 17:56:02 2001
Subject: FW: ENRON EUROPE

	fyi

 -----Original Message-----
From: 	Evans, Mark (London Legal)
Sent:	Thursday, November 01, 2001 3:49 PM
To:	Haedicke, Mark E.; Walls Jr., Rob
Subject:	ENRON EUROPE

Mark, Rob

My apologies for adding to your burden at this difficult time. However hopefully this might clarify our discussions of yesterday and enable us all to move on quickly.

Enron Europe and its directors are facing two related issues:

1. Continuing to trade

The directors of EEL and its subsids have to be satisfied that there is a reasonable prospect of avoiding an insolvent liquidation. This is a fairly low hurdle to pass and, in our situation, calls made on Corp. for cash have been promptly met and we have read the news today of a new confirmed facility so we already have a fair degree of comfort.

The directors meet with independent counsel tomorrow but I believe that they will probably come out of that session asking for nothing more than a confirmation, by email to say Michael Brown, but from the top - Jeff or Greg, of where they currently see things, ie a positive prognosis for the future. That piece of electronic paper should be enough to enable the directors to reasonably conclude that we are not hurtling into Chapt 11 and to continue to trade. It would also be very helpful if that email could confirm that Michael would be promptly informed if things took a downward turn.

I would be happy to draft a note but wonder whether the best way of quickly putting this to bed might be for a conversation to be had with Jeff/Greg to see what they would be prepared to say. That could then be drafted up and sent over.

2. Filing accounts

The directors of Enron Europe and its subsids cannot file accounts on a going concern basis unless they are comfortable they will have adequate funds in the medium term to run their businesses. The hurdle here is higher than in point 1 above as prospective cash shortages would require the accounts to be qualified long before the directors would have to stop trading under point 1 above. So more comfort will probably be required here, which could include further details of the new facility (drawdown conditions and maturity periods) and prospects for further facilities being signed. This would back up the usual support letter.

I should add that we have not actually received this year the usual support letter from Corp. addressed to Enron Europe and its subsids. I don't know if it has been formally requested but we will definitely need to see that document this time around. Could you please point me in the right direction for that?

We now have until the end of January to file the accounts so point 1 above is definitely the immediately crucial issue. We would however like to resolve the accounts issue as soon as possible. Perhaps we could liaise with Joel to get a letter drafted and then signed by Jeff or Greg?

That's it. It really boils down to requiring a bit more information from Corp. There is absolutely no desire to cause problems here, just a desire to put in place the right pieces of information (which we are sure are out there but we need to collect them in) which will safeguard the European directors personally and enable them to move on from these concerns to the more pressing business of Q4.

Many thanks.

								Mark


Federal Expressed!!!

	Mark Greenberg@ENRON
	05/21/2001 04:23 PM

		 To: Kate Low <klow@loudcloud.com>
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: NDA with Enron Networks

Kate -

This should have been faxed to your offices on Friday.  If you did not
receive it, please let me know.

Thanks.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com

	Kate Low <klow@loudcloud.com>
	05/18/2001 12:42 PM

		 To: Mark.Greenberg@enron.com
		 cc:
		 Subject: Re: NDA with Enron Networks

Hi Mark,

Just checking on the status of the revised NDA you were going to forward with
the
arbitration clause included and the 3 year confidentiality period.  We are
prepared to
sign and fax the NDA back as soon as we receive it.  Thanks!

Kate

Mark.Greenberg@enron.com wrote:

> Kate -
>
> Thanks for the comments to the NDA.  All are acceptable except -
>
> Paragraph 5 - Deletion of arbitration.
>
> Paragraph 9 - Change from two years to three years.
>
> Please advise if Loudcloud can live with arbitration and 2 years.  If not,
> please advise why not.
>
> Thanks.
>
> Mark
> Senior Counsel, EWS
> Phone:     713-345-8897
> Facsimile: 713-646-3490
> E-Mail:      Mark.Greenberg@enron.com
>
>
>                     Kate Low
>                     <klow@loudclo        To:     Mark.Greenberg@enron.com
>                     ud.com>              cc:     Kathy Weber
<kathy@loudcloud.com>
>                                          Subject:     NDA with Enron
Networks
>                     05/07/2001
>                     06:09 PM
>
>
>
> Mark,
>
> I have recently received the NDA with Enron Networks and have attached a
> blacklined copy which indicates my requested changes.
>
> Please let me know if the attached is acceptable or if you have any
> questions.  I look forward to receiving your reply shortly.
>
> Regards,
>
> --
> Kate Low
> Contracts Specialist
> 599 N. Mathilda Avenue
> Sunnyvale, CA  94085
> Phone:  (408) 744-7842
> Fax:    (408) 744-7384
>
> (See attached file: Enron Networks 05-07-01.doc)
>
>   ------------------------------------------------------------------------
>                                          Name: Enron Networks 05-07-01.doc
>    Enron Networks 05-07-01.doc           Type: WINWORD File
(application/msword)
>                                      Encoding: base64
>                               Download Status: Not downloaded with message


Annual Meeting  Location Change

The location of today's Credit Union Annual Meeting has changed from 5C2 to 46C1.  The Plaza Reception Desk is aware of the change, and signs will be posted on the doors of 5C2.

Please let me know if you have any questions.

Thank you ,

Jennifer


I have secured EN1336 for the meeting between the weather desk and TW

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com


THE FOLLOWING SCHEDULE'S WERE CUT ON 4/17.

EPMI_CISO_TOBY (4C) CUT FROM 75MW TO 50 MW REALTIME FOR HE16.
EPMI_CISO_ERNIE WHEEL CUT HE 16 BOTH ENDS FOR A TOTAL OF 12 MW'S.


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/30/2000 01:38 PM
---------------------------

	Enron North America Corp.

	From:  Timothy Blanchard @ EES                           03/28/2000 01:28 PM

To: val.generes@ac.com, Matthew Lenhart/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT
cc:
Subject: Astros Game

I got 5 tickets together for the whopping price of $7 each.  They're not
exactly behind home plate, but not bad.  Take a look.


I am not even going to respond to this.  As far as I am concerned its over.
---------------------- Forwarded by Louise Kitchen/HOU/ECT on 03/14/2001 01:45 PM ---------------------------

	Enron Capital & Trade Resources Corp.  From:  "Uman, Jonathan" <JUman@cantor.com>                           03/14/2001 01:39 PM

To:	"'Louise.Kitchen@enron.com'" <Louise.Kitchen@enron.com>
cc:

Subject:

Louise,

What am I missing here?  We are offering an excellent deal for eMetra which
will take the business forward and we believe management supports.  We are
offering to get you into 3 markets which you are active in where you can
earn shares of our stock without paying an entry price.  I have found a
structural way of getting the $10 million in cash to you.

I am surprised you do not want to discuss this further.

Jonathan

-----Original Message-----
From: Louise.Kitchen@enron.com [mailto:Louise.Kitchen@enron.com]
Sent: Wednesday, March 14, 2001 2:33 PM
To: Uman, Jonathan
Cc: Tom.McKeever@enron.com; Justin.Boyd@enron.com;
Travis.McCullough@enron.com; David.P.Tregar@enron.com
Subject: Re: what if i give you a put on the last $2.5 million in stock?
let you lock it in?

Jonathan,

As stated in my previous message.  The letter and your two subsequent
emails confirm that Enron and eSpeed are not close to any agreement and in
order to ensure no time is wasted on the part of either Enron or eSpeed, we
have no further wish to pursue any further discussions.   The draft
proposal we sent was not subject to negotiation.

Regards

Louise Kitchen
COO
Enron Americas

cc:       Tom McKeever, Enron Metals
          Justin Boyd, Enron Legal - Europe
          Travis McCullough, Enron Legal - Americas
          Andy Zipper - EnronOnline
          Greg Whalley - Enron Wholesale
          David Tregar - Enron Metals

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Uman, Jonathan"
 pic32757.pcx) <JUman@cantor.com>
               03/14/2001 01:07 PM

To:   "Louise Kitchen (E-mail)" <lkitchen@enron.com>
cc:

Subject:  what if i give you a put on the last $2.5 million in stock? let y
      ou lock it in?


Attached is a brief memo containing our analysis of the Maintenance Agreement
between Tenaska and Westinghouse.  Please give me a call with and questions
or comments.

TFAH

 - 1190070.01


The World Trade Center Facilities Superintendent has informed us that PGE
Underground has a main transformer with a bad network protector and is off
line.  Power needs to be off to replace this network protector.  While this
situation is inconvenient, it is an excellent opportuity to put our power
backup systems to a test under optimimal circumstances, e.g., on a Sunday.
Listed below is information about the outage.  Please review since it may
require some action on your part.

PGE must turn off its main power supply to the building from 6 - 7 a.m. and
then again from 3 - 4 p.m.
The building has a backup generator that will kick in five minutes after the
main power supply shuts off.
Enron has a UPS that will provide us with five minutes worth of power.
If everything goes well, there should be no impact.
If there are problems with the backup generator or UPS, we could experience a
power outage.
We should not experience a loss of phone service even in the unlikely event
of a power outage.
It would be prudent to take precautions if you have any systems that may be
impacted by a power outage.  You may want to log off your computer and turn
it off on Friday before you leave the office.

Someone from our local IT group will be here on Sunday in case any problems
arise.  Please contact Dave Steiner if you have any questions or concerns.


Here's the latest version:

Kay


Attached for everyone's review and comment is a legislative summary
compiled by Bruno and I.  The summary contains brief descriptions,
suggested positions and priorities.  Once the positions are finalized,
we will begin to advance our positions at the Capitol.

Scott Govenar

 - leg summary.doc


Thanks.

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Monday, November 19, 2001 12:04 PM
To:	Bailey, Susan
Subject:	FW: Forest Oil

For the one deal you mentioned, YA8712.1, it was "released" by Darren in Credit without
any credit terms on 10/18.    Regarding the other handwritten deal numbers on that cover page, I
believe are older (Aug or earlier) - and I only keep our credit emails a couple of months, so
I don't know who released those - but none of them went out with credit provisions.

I guess you should start with Darren.

 -----Original Message-----
From: 	Vanek, Darren
Sent:	Thursday, October 18, 2001 9:49 AM
To:	Deming, Richard; Anderson, Diane
Subject:	Forest Oil

Please confirm the following deals:
YA8014.1
YA 8045.1
YA8712.1 (FINANCIAL)
YA7919.1/.2
YA7769.1/.2


Kent Brittan, Sr. VP, Global Sourcing, has requested a meeting to restart
talks in the context of an EES Outsource to UTC .  This request comes after
we recently refused to respond to piece-meal procurements for energy
commodity.  As you may know, UTC failed in its attempts to contract
separately with Duke for energy commodity, and Fluor Daniel for facilities
management/maintenance services after having selected each as the result of a
competitive bid process.

Kent was the initial sponsoring executive appointed George David to speak
with Tom White, Dan Leff, Harold Buchanan and myself two years ago.

We will provide you follow up after our meeting with Mr. Brittan next Tuesday
afternoon in Connecticut.


---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/17/2000 12:17
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Lewis Nash <Lewis.Nash@msdw.com>                           07/17/2000
11:10 AM

Please respond to Lewis.Nash@msdw.com
To: robert.badeer@enron.com
cc:
Subject: Steve Peace

Bob:

I cannot make this stuff up.  Steve Peace, the Senator famous for his
fight to protect the California Rate Payers, came to fame as the writer
of the Critically aclaimed film, Attack of the Killer Tomatoes.  I
didn't believe it either until someone sent me this web page, with his
link attached to it.

http://www.lexingtonnet.com/tomatoes/creators/index.htm

title.gif (1905 bytes)

This page is dedicated to the three demented geniuses who brought us the
Killer Tomatoes films!

?

John DeBello - Director/Writer

John DeBello was the director of all four Killer Tomatoes films. He also
played small roles in each film, even playing himself in a few! He still runs
many parts of Four Square Productions, I'm told.

?

Steve Peace - Writer/Actor

Steve Peace is probably best known in the KT films as Wilbur, the dim-witted,
parachute-wearing leader of the Killer Tomatoes Task force. He also wrote
parts of the films as well. Now, he's a state Senator, and even has his own
page at http://www.stevepeace.net

?

Costa Dillon - Writer

Last, but definitley not least is Costa Dillon. He's responsible for the
entire concept of Killer Tomatoes! Like everyone else here, he played small
parts throughout the films. Probably his best known was the kid in the
library in the original film, who cleared out the room by merely saying
"Tomato!". This little part was later used as a major character in the
cartoon series.


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I believe I told GG a large.

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


Bean,

Did you guys get another car yet? I am selling mine cheap before I move.

Dorland


Dear Kate,

Just a heads-up that I sent this to Bill,  so he may be asking you what the
problems have been with EES.
Could I bring by the discrepancies a bit later?

Thanks,

Virginia

---------------------- Forwarded by Virginia Thompson/PDX/ECT on 03/13/2001
11:17 AM ---------------------------

Virginia Thompson
03/13/2001 09:09 AM
To: Bill Williams III/PDX/ECT@ECT
cc:

Subject: EES Changes for March

Dear Bill,

Please read forward below.
I've seen a few problems with EES lately.  Last month, Kate Symes took care
of the differences (she knows more about EES).  You may want to contact her
to find out what has been happening lately to cause the differences.  Sorry -
don't know much more.

Virginia

---------------------- Forwarded by Virginia Thompson/PDX/ECT on 03/13/2001
11:12 AM ---------------------------

Mark Confer
03/13/2001 06:44 AM
To: Virginia Thompson/PDX/ECT@ECT
cc:

Subject: EES Changes for March

Virginia, please take a look at DMS #'s  7365 & 7367.  These are the start of
the EES differences for March.  Both of these have to do with the ST-Whourly
desk where we are lower by $5.00 then what EES has.  I spoke with Thresa and
she suggested we have Bill Williams look at these in case their is a trend
started for the month and we can catch it now.

Thanks,

Mark


Eric, is this still a problem or did you get what you needed?
m

Eric Gonzales
12/04/2000 06:45 AM
To: Eric Groves/HOU/ECT@ECT
cc:  (bcc: Mike McConnell/HOU/ECT)
Subject: Re: Jose LNG - Crude Pricing

Our ability in crude is apparently very poor.  What can J Wilson do thru
2010?  I want the crude desk to make us a price and present an acceptable
volume.

If we have to suggest to PDVSA only doing a crude index through 2012, I
strongly believe we should try if we can create some additional value thru
this structure.  Tell me if you would like me to give him a call to explain
what the effort potentially create.

Thanks
Eric

	Enron Capital & Trade Resources Corp.

	From:  Eric Groves                           30/11/2000 17:04

To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Eric Gonzales/LON/ECT@ECT
cc:

Subject: Re: Jose LNG - Crude Pricing

 Per a conversation I had with John Wilson the head crude oil trader in the
Houston office, the feasability of hedging price risk linked to WTI or Brent
on a 20 year deal is NOT a possibility.  If we had 1/3 of our GSA price
linked to Brent our exposure for 20 years would be about 30 million barrels
notional or about 14 million barrels PV.  At 5% our exposure would still be 5
million notional or 2.3 million PV.  According to John, he would not be
comfortable doing anything past 2012 and even out that far he would not
consider doing more than about 1 million PV barrels in the years 2010 -
2012.  Given these comments, I would say that the size of our deal basically
precludes a look at Crude Oil hedges at this time.  As far as the economics
of the deal are concerned, we basically cannot even get an Offer to use to
figure out our economics.  I am confident that if we pushed the issue to see
if we could get a 20 year offer even for a small portion of the volumes that
the hedging costs would be too high, and therefore have left it at that for
the time being.   Please advise if you have any thoughts on the issue.

Thanks,

Eric

Guido Caranti@ENRON_DEVELOPMENT
11/29/2000 09:27 AM
To: Eric Gonzales/LON/ECT@ECT
cc: Emilio Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt@ECT, Larry
Lawyer/NA/Enron@Enron@ECT, Cris Sherman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Jose LNG - Off-take Comments

Eric, thanks for your comments. Please see below in blue our observations and
answers. Let's talk later today if you have further questions.

Saludos

Guido and Emilio

Enron Offtake Agreement

Section 2
Should this agreement start at commercial hand over of the plant under the
EPC agreement.  Benefit here is LDs under the EPC for late delivery go to
project company and project company has no obligation to lng buyers.  In
addition it preserves your 20 year offtake which should still match your GSA.

 The agreement should start at commercial hand over of the plant as you say.
The draft as it is now has only outer limits as to when that should happen
(that being the earlier of 40 months after Financial  Close or NTP or Dec 31
2004). We will add to this list "the earlier of" something like: "the date on
which the plant has produced LNG at at least 90% of its capacity for a period
of 10 consecutive days". We suggest putting something like this as opposed to
"commercial hand over" because this is in the plant's/contractor's control
and they could, for example, on purpose not meet a noise level requirement
for 4 months  for example and delay commencement of the offtake contract
while the project sells LNG at higher prices than in the term sheets.

With regards to the EPC LDs we agree that they should go only to the project
but we, as offtakers, can not wait for ever for the project to be completed
with out receiving gas or damages for something that is somehow (directly or
indirectly) under the project's control. We have 4 months limits to how much
the project can be delayed on top of all the conservatism that EECC (or
another EPC Contractor) already built in.

Section 6
I would like to see some language in this section describing the pricing
formula associated with expansions.  Structure could be set as in this
contract where Pg is to reflect GSA costs and where the combined value of
Pcpi and Pa should be derived to provide an equity return to the sponsors of
18%.

 We agree that would be better, but we included this section knowing that is
something that is going to be a very difficult sell with PDVSA, because they
don't want us to sell down and then keep "controlling" new  LNG businesses in
Jose. They will oppose this clause as they violently opposed the limited
exclusivity at Jose that we managed to include in the GSA. We think that
adding a restriction to the asset's returns now in the draft will make it
very tough to sell to PDVSA the entire Clause. Thus, jeopardizing our chance
to control the output of future plants or expansions. We never intended to
use these off-take agreements as a vehicle to control future LNG volumes.
Nevertheless, we felt it was a good chance for us to start getting partial
control of the output. Pushing it too much will back fire and PDVSA will
clearly realize what our intent is.

Section 7
Where is the bonus calculation?  We did not include it now on purpose. We
will include it when ever they "remind" us to do so. We want to have another
fight about the bonus.
Where is the min price? The minimum price is in. We say that one of the
terms in the price is Pg x En where En is never less than one
I thought you guys were going to trade out CPI for a fixed number? We are
going to try to do it, but that is first a GSA issue, and we don't want to
put it here as something firm before we change it in the GSA. We precisely
bracketed the CPI percentage in the formula because of our thought that we
want to make it zero
Have you decided that a WTI index percentage does not help the economics? No,
we don't have the definitive answer from structuring yet, but our guess and
based on our meeting with RAC the other day, in which they told us about the
mess created by an oil escalation in Cuiba (Brazil power plant), we are
pretty much convinced that oil escalation without oil based LNG sales is not
convenient. But since we don't have a definitive answer yet we still included
oil as a possible escalator with a zero weighting (that should have been
bracketed in the term-sheet, though, and it will).

Section 10
you have incorporated the GSA default rate for late payment as opposed to the
Equilibrium rate.  Is this your intent to have a mismatch?
 Yes, we did it on purpose because this will apply also to PDVSA as
off-taker, and they have a record of paying late so we want them to suffer if
they do.

you have all new taxes being borne by the project company.  Will the banks
accept this as the project company will be thinly capitalized.  See section
18 of the Arcos CTA for ideas if this is an issue.
 The exporter of record will be the project, so the buyer has no business in
Venezuela other than paying port fees. We do not see any kind of taxes that
could be imposed on Buyer by Venezuela that would eventually be transferred
to the project. Banks should be fine with this as this is a risk that
projects typically take all the time (the heavy crude projects are some
examples in Venezuela). In addition, the GSA provides for a number of reliefs
for the Project Company that will help Banks and equity holders to feel
safer. Although, a large portion of the underlying risk is always there.

Other
where are the LD calculations explained?  I think you need LDs for GSA
default and another for plant default.  GSA default should match LD's in GSA
contract less compensation to plant debt recovery.
 In stead of writing an explicit LD calculation our lawyers suggested that
the sole use of New York law to rule the deal was simpler and better. New
York law provides for full market based damages (market price of commodity
plus extra costs) which is the maximum you can get in a negotiation for an LD
clause. So, from a legal and commercial point of view we much rather have it
as it is. We are still discussing w/ Brent Price and Cris Sherman if this is
sellable to AA for MTM, but our initial view is that it should be since the
level of LD can not be better. GSA default is market based (provided that
PDVSA, as we expect, accepts the change we will propose) so the Project
Company will be able to pay market based damages. For interruption of gas
supply from PDV for Force Majeure reasons our insurance team is finding out
if the market will cover such risk so that the project can afford not being
relieved from performance in such event (this will obviously be to a maximum
dollar limit to be determined and for a maximum period of time, say 36 months
- we need time to give you precision on this, but some sort of coverage will
be available).

suppose the plant produces 5% less that it is supposed to due to design or
tech problems (not a FM issue) at commercial hand over.  What happens under
the offtake agreements?  Will the banks accept this revenue short fall?  Will
we have to create a reserve?  This may be a big issue with the banks for
technology reasons and lack of experience in this industry.
  Under the off-take agreements the project pays market based damages if it
does not meet the contracted volume. We believe that the contracted volume
that we included in the term sheets though has enough of a cushion for banks
and equity holders to bear the risk. We are contracting for contractually
guaranteed production under the EPC which is 3% lower than expected. On top
of that we are considering LNG production with the richest inlet gas possible
(meaning a lower LNG volume). This volume is 5% lower than the guaranteed
production with "Normal" or expected feed composition. Combining these two we
have a contracted quantity that is 8% lower than the expected production with
expected feed. On top of this it is important to note that every single LNG
plant in the world ended up with a production capacity that is at least 10%
above what was expected (mostly due to EPC Contractors and tech partners
making very safe assumptions on guaranteed volumes to avoid LDs). Also the
EPC contract being negotiated provides for pretty severe LD in case of
production shortfalls that are enough to pay for debt and make equity-holders
whole. They don't provide though, for damages payable under off-take
contracts (nobody will take this potentially huge exposure on LDs). However,
as we explained, we believe that this is a risk that is typically taken by
producers and that we have already taken a very conservative assumption in
the volume contracted and that should be beard by the Project Co. Banks will
most definitely also take a conservative volume assumption, as we already
did.

What happens if plant starts producing less for a few weeks until problem is
resolved? what compensation do the offtakers get? do the banks suffer here as
well?
 The term sheet establishes an annual quantity as the only standard to
determine failure to deliver by Seller. It also establishes that deliveries
should be at rates and intervals that are reasonably constant. The bottom
line is that the termsheets do not go into all the detail about timing of
defaults and price differentials. It sets, however, a reasonable standard by
which if at the end of the year seller did not deliver the full annual
quantity and a particular month can be identified where the deficiency occur
based on the "reasonable constant deliveries" provision, damages will be
payable based on prices during such month. Yes banks suffer here to the
extent that the cause of the short fall is not insurable.  Nevertheless,
short periods (weeks) of failures to deliver by seller will really not affect
the Project Company ability to pay the Banks.  It will have to be some
prolonged period for Banks to be affected.

Under a plant FM issue you may not get BI cover for the first 60 days.  Will
the banks accept this or will they want a reserve established.  Is this in
your model?
 We are not sure off what the banks are going to require in this regard
(although, we agree that some sort of reserve or LC is to be expected). Our
model assumes the cost of an LC for 6 month debt service (which should be
plenty). The issue here is if MTM is going to be able to live with the same
or longer grace period for damages to kick in under the termsheet and weather
damages (not BI) are insurable and to what extent if FM relief is not
permitted for MTM reasons. The question that follows is: if damages exceed
the insured limits in a FM event that does not relief the project from its
obligation to deliver, have the damages have to be senior to debt payments
for AA to allow MTM to be permitted? If this is so, are the banks going to be
willing to live with this?, probably not.

insert something on planned maintenance timing and scheduling.
 It is briefly covered in section 9 second paragraph. This will be expended
in later drafts once the PA is signed and we are home free with regard to
PDVSA.

insert termination section
 In light of the fact that we will end up being more of an off-taker than an
asset owner in this project our lawyers suggest that we will get better
protection if early termination is ruled by what is provided under NY law
than if we try to right an early termination clause. They point out also that
90% of LNG contracts are done in this way, having NY law rule the game. They
point out also that from the project point of view banks are very used to and
prefer having early termination be ruled by NY law.

put something in about the buyer willing to accept entering direct agreements
for financing requirements?
 We will

Eric Gonzales@ECT
11/28/2000 03:40 AM
To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt
cc: Larry Lawyer/NA/Enron@Enron, Cris Sherman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Jose LNG - Off-take Comments

Enron Offtake Agreement

Section 2
Should this agreement start at commercial hand over of the plant under the
EPC agreement.  Benefit here is LDs under the EPC for late delivery go to
project company and project company has no obligation to lng buyers.  In
addition it preserves your 20 year offtake which should still match your GSA.

Section 6
I would like to see some language in this section describing the pricing
formula associated with expansions.  Structure could be set as in this
contract where Pg is to reflect GSA costs and where the combined value of
Pcpi and Pa should be derived to provide an equity return to the sponsors of
18%.

Section 7
Where is the bonus calculation?
Where is the min price?
I thought you guys were going to trade out CPI for a fixed number?
Have you decided that a WTI index percentage does not help the economics?

Section 10
you have incorporated the GSA default rate for late payment as opposed to the
Equilibrium rate.  Is this your intent to have a mismatch?
you have all new taxes being borne by the project company.  Will the banks
accept this as the project company will be thinly capitalised.  See section
18 of the Arcos CTA for ideas if this is an issue.

Other
where are the LD calculations explained?  I think you need LDs for GSA
default and another for plant default.  GSA default should match LD's in GSA
contract less compensation to plant debt recovery.
suppose the plant produces 5% less that it is supposed to due to design or
tech problems (not a FM issue) at commercial hand over.  What happens under
the offtake agreements?  Will the banks accept this revenue short fall?  Will
we have to create a reserve?  This may be a big issue with the banks for
technology reasons and lack of experience in this industry.
What happens if plant starts producing less for a few weeks until problem is
resolved? what compensation do the offtakers get? do the banks suffer here as
well?
Under a plant FM issue you may not get BI cover for the first 60 days.  Will
the banks accept this or will they want a reserve established.  Is this in
your model?
insert something on planned maintenance timing and scheduling.
insert termination section
put something in about the buyer willing to accept entering direct agreements
for financing requirements?

Marketing Agreement
Lets talks about his one

Guido Caranti@ENRON_DEVELOPMENT
22/11/2000 23:34
To: Cris Sherman@ECT, Larry Lawyer@Enron, Brent A Price@ECT, Eric Groves@ECT,
Eric Gonzales@ECT
cc: Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Jose LNG - Off-take

I am enclosing a draft of the off-take termsheets to be included in the
Participation Agreement between Enron and PDVSA Gas. These termsheets will
rule the following transactions:

  a) Sale of LNG from the Project to an affiliate of  Enron for the plant's
output minus PDVSA's off-take

  b) Sale of LNG from the project to and affiliate of PDVSA Gas for the share
of volumes equivalent their equity participation in the Project Co

  c) Re-sale of LNG from the affiliate of PDVSA Gas to the Enron affiliate
for the volumes purchased by PDVSA according to b) above

Please let Emilio and I know your comments about them at your earliest
convenience. Please focus on issues with regard to our ability to MTM these
contracts, such as the force majeure clause. If you have any comments or
questions during the weekend you can reach me at 713 304-4264 or Emilio at
011 5814 330-9016. Otherwise we would like to discuss this with you on Monday.

Thanks for your input and happy Thanks-giving

Guido


- marks.xls


As requested.

Iris S. Waser
Enron Transportation Services Company
1400 Smith Street, EB 4749b
Houston, TX  77002
713-853-6059
713-853-5425 - fax
iris.waser@enron.com


A  presentation on credit risk modeling.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/20/2000
09:03 AM ---------------------------

"Gil, Alla" <alla.gil@ssmb.com> on 06/19/2000 01:21:30 PM
To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
cc: "Kulick, Adam" <adam.kulick@ssmb.com>
Subject: RE: Your presentation

Vince,

I'm very happy you found the presentation useful.
I'm working very closely with Adam Kulick who you probably know.
Please let me know if you have any questions or if you have any difficulty
opening the file.

Best regards,

Alla

-----Original Message-----
From: Vince J Kaminski [mailto:Vince.J.Kaminski@enron.com]
Sent: Monday, June 19, 2000 1:43 PM
To: Gil, Alla
Cc: Vince J Kaminski
Subject: Your presentation

Alla,

I enjoyed your presentation at Risk2000 last week.
I would appreciate an electronic copy of the documentation.

Vince Kaminski

Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361

Phone:    (713) 853 3848
Fax  :      (713) 646 2503
E-mail: vkamins@enron.com

 - RiskCongress.ppt


Thanks Kay.  I've call off the dogs.   I guess you know that Tammy had
her baby on Friday - 5lbs. 14oz!

-----Original Message-----
From: Mann, Kay [mailto:Kay.Mann@ENRON.com]
Sent: Saturday, November 03, 2001 9:01 PM
To: Ward, Sharon
Subject: RE: Ces lease/USTELENET DMS

I received word that the switch deal is off. Thanks anyway.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

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


I think it would be a good idea if you would print these out when you get them and bring them in at some point so we can go over them.

 -----Original Message-----
From: 	Nguyen, Vivian
Sent:	Thursday, July 26, 2001 4:52 PM
To:	Taylor, Mark E (Legal)
Cc:	Keiser, Holly
Subject:	June O&M Report

Mark/Holly,

Please let me know if you have any questions.

Vivian
5-3995


You go girl!

	Kay Mann@ENRON
	06/03/2001 10:11 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Flat screen monitor

fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/03/2001 10:11
PM ---------------------------
From: Elizabeth Sager@ECT on 06/03/2001 02:53 PM
To: Janette Elbertson/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron

Subject: Flat screen monitor

APPROVED
----- Forwarded by Elizabeth Sager/HOU/ECT on 06/03/2001 02:52 PM -----

	Kay Mann@ENRON
	06/01/2001 10:34 AM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc:
		 Subject: Flat screen monitor

Elizabeth,

I would like to have a flat screen monitor, if possible.

Thank you,

Kay


Attached is PIRA's latest "API Weekly Comment."

If you have any questions regarding the report's content, please contact Dr.
Gary Ross at (212) 686-6808, email: garyross@pira.com.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "API Weekly Comment" outside a Client's licensed
distribution area is strictly prohibited. Clients that are unsure of their
licensed distribution or require an extension of their current license
should contact their PIRA sales representative, or email to sales@pira.com.

PIRA Energy Group

 - api050801.pdf


SDG&E also said yesterday that it received "several" proposals from power
companies to provide fixed future prices for electricity, which involve
long-term contracts touted by power companies -- a "market solution" to the
rate roller coaster residents have experienced.

The utility declined to provide a precise number of proposal details but
said it would evaluate the offers over the next two weeks and make
recommendations to regulatory authorities. Peace said earlier that Enron is
expected to be a bidder, offering a fixed price about 50 percent above
rates of last May.


---------------------- Forwarded by David W Delainey/HOU/EES on 07/12/2001 06:36 AM ---------------------------

Dan Leff
07/11/2001 11:09 PM
To:	Marty Sunde/HOU/EES@EES, David W Delainey/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES, Vicki Sharp/HOU/EES@EES
cc:
Subject:	More UC/CSU Info

FYI - Dan

********************************************************************************************************************************
AS uc enron agreement

Jul. 11, 2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

University of California, California State University and Enron Reach Settlement Agreement

ATTENTION: State, Business editors

OAKLAND, Calif., July 11 (AScribe News) -- The University of California, California State University and Enron Energy Services announced today a settlement agreement that will extend their contract for two years and return the two university systems to direct access service from Enron.

As part of the agreement, UC and the CSU will drop their lawsuit against Enron and Enron will dismiss its appeal. The two university systems had brought suit in federal court seeking to retain their status as direct access Enron customers after Enron had resourced their power procurement to the Southern California Edison and Pacific Gas&Electric utility companies.

"We are delighted that our negotiations with Enron have ended with retention of the two university systems as direct access Enron customers," said Joseph P. Mullinix, UC senior vice president for business and finance.

"The California State University is pleased that we have been able to resolve our differences with Enron and retain our direct access status," said Richard P. West, CSU executive vice chancellor and chief financial officer. "This agreement means considerable savings for the universities and allows us to continue with our energy conservation efforts."

"Enron has always been a strong advocate of the benefits of direct access, and we are pleased to be able to extend our contract for two years with UC/CSU," said Marty Sunde, vice chairman, Enron Energy Services.

"Separately, with the potential elimination of direct access for California customers, Enron is once again directly serving its commercial customers in California, including UC and CSU. As more and more customers in California see the importance of managing their price risk in power markets, commercial energy users have increased interest in our product offerings."

The current four-year contract with Enron is scheduled to end on March 31, 2002. The two-year extension, approved in principle, would continue the two university systems as direct access Enron customers until March 31, 2004.

Enron and the universities will negotiate price and other terms of the extension between now and Dec. 1, 2001. Both parties have the right to terminate the extension if an agreement is not reached by Dec. 1.

The agreement covers all UC campuses and the UC Office of the President, with the exception of UCLA and UC Riverside, which have agreements with their local municipalities. All CSU campuses, except Los Angeles, Northridge, Sacramento and Stanislaus, are part of the Enron contract, as is the CSU Office of the Chancellor.

Together, UC and CSU rank as the largest single user of electricity in California. UC's systemwide peak load is 332 megawatts, and CSU's is 117 megawatts. One megawatt powers approximately 1,000 homes.

-30-

Media Contact: Charles McFadden, University of California, 510-987-9193; charles.mcfadden(at)ucop.edu

Colleen Bentley-Adler, California State University, 562-951-4801; cbentley-adler(at)calstate.edu

Peggy Mahoney, Enron Energy Services, 713-345-7034; pmahoney(at)enron.com

AScribe - The Public Interest Newswire / 510-653-9400 $$

APRS0119234206

  Copyright ? 2001 Dow Jones Reuters Business Interactive LLC. All Rights Reserved.


GassHoles dropped: James, Edgerrin IND RB
and acquired: McAllister, Deuce NOS RB

Natural Gas Gridiron Address:
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Tan, navy, light brown, royal blue, black, grey, dark green heather, wine or grey-brown.
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FLEECE BALA-GAITER by NORDIC GEAR (For Men and Women)
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FLEECE BALACLAVA by NORDIC GEAR (For Men and Women)
Black. One size fits most. Polyester fleece.
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CASHMERE SCARF by SCOTS GLEN of Scotland (For Men and Women)
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WOOL DRIVING CAP by HARRISON HILL HOUSE of IRELAND (For Men)
Sizes M(7 1/8), L(7 3/8) and XL(7 5/8). Olive/tan herringbone or dark grey donegal.
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WOVEN SCARF by WEAVE of the IRISH
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TRAVEL LITE SHOE TREES by WOODLORE (For Men)
Sizes S and L. Brown. Made of fragrant, forest-fresh cedar.
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1120 RUNNING SHOES by NEW BALANCE (For Men)
Sizes 7-15. Medium, wide and extra wide widths. White/black/red.
Runs small, order half size larger. Synthetic leather/mesh upper.
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RUNNING SHOES by SAUCONY (For Men)
Sizes 8-13. White/navy/black. Runs small, order half size larger. Leather/synthetic upper.
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LAST CHANCE DRESS SHOE by H.S. TRASK (For Men)
Sizes 8-13. Medium and wide widths. Brown or black. All-natural pebbled leather.
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MOUNTAIN SHOES by H.S. TRASK (For Men)
Sizes 8-13. Tan, off-white or brown. Waterproof leathers.
Note: Special price good on off-white color only. Other colors are $85.00.
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EAGLE BEND SHOES by H.S. TRASK (For Men)
Sizes 8-13. Tan or brown. Runs large, order half size smaller. Waterproof leathers.
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ANGORA/WOOL BLEND UNDERSHIRT by MEDIMA of Germany (For Men)
Sizes S-XL. Natural. Full coverage back. Smooth flat seams.
#13001	Price:$15.95	Reg:$52.50	Save:$36.55
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ANGORA/WOOL BLEND PANTS by MEDIMA of Germany (For Men)
Sizes S-XL. Natural. Smooth flat seams. Ribknit ankle cuff.
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COTTON/ANGORA SHIRT by MEDIMA of Germany (For Men)
Sizes S-2XL. Natural. Flat seams. Ribknit cuffs.
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COTTON / MODAL / ANGORA TOP by MEDIMA of Germany (For Men)
Sizes S-2XL. Natural. Flat seams.
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COTTON / MODAL / ANGORA BOTTOMS by MEDIMA of Germany (For Men)
Sizes S-2XL. Natural. Flat seams.
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WOOL DRESS SLACKS (For Men)
Sizes 30-46. Lots of colors to choose from. Unhemmed.
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MONTEGO DIVING SUIT by CAMARO of Austria (For Men)
Sizes XS-2XL. Black/royal blue/grey. Three suits in one. 6 mm neoprene.
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FARMER JOHN WETSUIT by CAMARO (For Men )
Sizes S-XL. Black/royal or black/red. Two-way front and leg zippers.
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BAGGIES? SHORTS by PATAGONIA (For Men)
Sizes XS-XL. Medium blue, bluish purple, yellowish green or natural.
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LONG SLEEVE COTTON CHAMBRAY WORK SHIRT by PRENTISS (For Men)
Sizes L-2XL. Chambray blue. Lightweight and breathable. Adjustable cuffs.
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SHORT SLEEVE COTTON CHAMBRAY WORK SHIRT
by PRENTISS (For Men)
Sizes M-XL. Chambray blue. Lightweight and breathable.
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POLARTEC
 FLEECE MOUNTAIN JACKET by SPORTIF USA (For Men)
Sizes M-2XL. Red, Black or dark grey. Extra-long, mesh-lined vents.
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MICROFIBER RAIN COAT by NEWPORT HARBOR (For Men)
Sizes S-2XL. Regular and long. Lots of colors to choose from.
Full front zipper. Snap-over flap.
#40536	Price:$49.95	Reg:$125.00	Save:$75.05
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THERMAL LINED HOODED JACKET by MULESKINS (For Men)
Sizes 3XL-5XL. Navy, red, royal blue, black or grey.
Sweatshirt style with drawstring hood.
#40539	Price:$5.95	Reg:$30.00	Save:$24.05
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THERMAL LINED HOODED JACKET by MULESKINS (For Tall Men)
Size M only. Navy, red, bluish green, royal blue, black, grey or dark bluish green.
#40545	Price:$5.95	Reg:$32.00	Save:$26.05
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GORE ACTIVENT
 JACKET and PANTS SET
by SPORTIF USA (For Men and Women)
Men?s sizes S-2XL. Red, bright blue, black or orange.
#42901	Price:$59.95	Reg:$200.00	Save:$140.05
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DOWN SUPER VEST by ALPINE DESIGN (For Men and Women)
Men?s sizes Xs-2XL. Tan, navy, red, teal, black, light grey, bright blue,
Dark blue or greyish blue. 550 fill power. Snap front.
#54243	Price:$29.95	Reg:$80.00	Save:$50.05
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THERMAL LINED HOODED VEST by MULESKINS (For Tall Men)
Sizes M-2XL. Navy, bluish green (M only), black or grey.
Sweatshirt style with drawstring hood.
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Women?s Accessories
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SCOTTISH MERINO LAMBSWOOL SCARF
by SCOTS GLEN of Scotland (For Men and Women)
Tan, navy, light brown, royal blue, black, grey, dark green heather, wine or grey-brown.
#52126	Price:$9.95	Reg:$50.00	Save:$40.05
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FLEECE BALA-GAITER by NORDIC GEAR (For Men and Women)
Black. One size fits most. Breathable mesh knit crown.
#56032	Price:$6.95	Reg:$16.50	Save:$9.55
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FLEECE BALACLAVA by NORDIC GEAR (For Men and Women)
Black. One size fits most. Polyester fleece.
#56033	Price:$6.95	Reg:$16.00	Save:$9.05
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CASHMERE SCARF by SCOTS GLEN of Scotland (For Men and Women)
Camel, navy, light brown, red, black, dark grey or wine. Fringed ends. 12"x60".
#56155	Price:$29.95	Reg:$99.00	Save:$69.05
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WOVEN SCARF by WEAVE of the IRISH
Light blue/light green, dark blue/royal, tan/light brown, berry/wine,
or berry/purple herringbone. Fringed edges.
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WOVEN CHENILLE SHAWL by WEAVE of the IRISH
Olive, multi pastels or sage/blue herringbone. Fringed edges.
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1120 RUNNING SHOE by NEW BALANCE (For Women)
Sizes 5-11. Narrow and medium widths. White/medium blue/yellow.
Runs small, order 1 full size larger. Synthetic leather/mesh upper.
#60237	Price:$59.95	Reg:$120.00	Save:$60.05
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HAMMER RUNNING SHOES by SAUCONY (For Women)
Sizes 7-9.5, 10, 11 and 12. White/navy/teal. Runs small, order half size larger.
#60353	Price:$39.95	Reg:$100.00	Save:$60.05
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MOKASSO CUFFED CLOGS by ROMIKA (For Women)
Euro sizing. US sizes 5-10.5 available. Brown or black. Full grain leather upper.
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COOLMAX
 ALTA 4-WAY STRETCH BRA by DUOFOLD (For Women)
Sizes S-XL. Turquoise, dark teal or bright blue print. Soft elastic hem. Full lining.
#12505	Price:$9.95	Reg:$30.00	Save:$20.05
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ANGORA/WOOL BLEND UNDERSHIRT by MEDIMA of Germany (For Women)
Sizes S-XL. Natural. Beautiful, scallop-edged V-neck.
#13000	Price:$15.95	Reg:$52.50	Save:$36.55
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WOOL/ACRYLIC/ANGORA UNDERSHIRT by MEDIMA of Germany (For Women)
Sizes S-XL. Natural. Pretty scalloped edges around arms and neck.
#13309	Price:$9.95	Reg:$36.00	Save:$26.05
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COMBED COTTON HOODED SHIRT by CALIDA of Switzerland (For Women)
Sizes XS-M. Red or dark grey. Straight hem. Drawcord at hood.
#15113	Price:$12.95	Reg:$59.00	Save:$46.05
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COMBED COTTON DEEP V CAMISOLE by CALIDA of Switzerland (For Women)
Sizes XS, M and XL. White or black (XL only). Wide lace straps.
#15308	Price:$9.95	Reg:$55.00	Save:$45.05
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COMBED COTTON EYELET CAMISOLE by CALIDA of Switzerland (For Women)
Sizes XS and S. White or ivory (S only). Eyelet inset in front with satin edging.
#15310	Price:$12.95	Reg:$49.00	Save:$36.05
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COMBED COTTON V-NECK TOP by CALIDA of Switzerland (For Women)
Sizes XS-M. Red or dark grey. Wide cuffs and hem.
#15569	Price:$12.95	Reg:$59.00	Save:$46.05
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SILKY TACTEL
 NYLON BRIEF by CALIDA of Switzerland (For Women)
Sizes XS and S. Navy or olive. Silky smooth jersey knit.
#15701	Price:$7.95	Reg:$29.00	Save:$21.05
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COTTON/ANGORA SHORTS by MEDIMA of Germany (For Women)
Sizes S, M and XL. Natural. Flat seams. Narrow elastic waistband.
#15705	Price:$9.95	Reg:$26.50	Save:$16.55
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COMBED COTTON SHORTS by CALIDA of Switzerland (For Women)
Sizes XS-M. Red plaid. Elastic drawstring waist.
#15716	Price:$9.95	Reg:$49.00	Save:$39.05
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LACE BRIEF by CALIDA of Switzerland (For Women)
Sizes XS and S. White or black (XS only).
Matching lace insets with satin bow at front waist.
#15789	Price:$7.95	Reg:$32.00	Save:$24.05
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ULTRALIGHT SLEEPING NIGHTSHIRT
by CALIDA of Switzerland (For Women)
Sizes XS-M. Navy/dot print. Shirt style collar. Full button front
#16114	Price:$19.95	Reg:$99.00	Save:$79.05
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COTTON FLEECE PANTS by CALIDA of Switzerland (For Women)
Sizes XS-M. Red or dark grey. Three-needle elastic waist with drawstring.
#22582	Price:$14.95	Reg:$65.00	Save:$50.05
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I will be out of the office February 26 through March 2, returning to work
March 5.  In my absence, please contact any of the members of my group:

Jorge Garcia:  35596
Ana Rizvi:  33552
Melissa Rodriguez x57679
Kelly Summers  x33194


As per Rick, attached please find a note from Rick Bergsieker regarding the
Dolphin update.

Regards,


Hi There!

I hope you had a nice Birthday celebration?
I went to New Orleans last weekend.
It was nice to relax after such a stressful week!
I did fall in "LOVE" Friday night but I think it was one of those one day viruses?
It was a nice feeling!

Are we still on for Wednesday night?
It still works for me!

I hope all is well!
	Swig

 -----Original Message-----
From: 	Umbower, Denae
Sent:	Monday, November 05, 2001 2:30 PM
To:	Schwieger, Jim
Subject:	RE:  Tuesday

Thanks !  I knew it was short notice.
The big ol 35 -- but you can say 28.
Next Wednesday sounds good to me - let's plan on it.
What do you think of all this Enron stuff ?

 -----Original Message-----
From: 	Schwieger, Jim
Sent:	Monday, November 05, 2001 1:58 PM
To:	Umbower, Denae
Subject:	RE:  Tuesday

Happy Birthday!
Sounds like a fun time.
I have a dentist appt out by the house at 4:00 pm so I will have to opt for dinner next week!
Hope you have a fun night celebrating your ah? 28 birthday, right?
Call when you figure out what's good for you.  Wednesday looks best for me right now.

	Swig

 -----Original Message-----
From: 	Umbower, Denae
Sent:	Monday, November 05, 2001 9:51 AM
To:	Schwieger, Jim
Subject:	FW:  Tuesday
Importance:	High

Hey !  What has been going on ?  We never did make it to dinner.
I booked a last minute trip to the Islands two weeks ago and ran into Legler at the airport -- they were headed to France and their gate was
next to ours.
Anyways, if you get a chance - I thought the below would be a good way to see you and catch up or even get to see some of the old gang.
Hope you can make it - and if not, let's do dinner sometime next week ?

Denae
 -----Original Message-----
From: 	"Robin Vint" <rvint@houston.rr.com>@ENRON COMMUNICATIONS
Sent:	Saturday, November 03, 2001 9:51 PM
To:	Jill Van Voorhis; jnewman@powerbond.com; levans3@enron.com; pvint@enron.com; Charley Ballmer; Celeste Higgins Ballmer; Kal Abdalla; Curless, Amanda; Margaret Ceconi; Scott Bolz; Susan Cisneros; Lamadrid, Victor; Anna Caeg; pvint@enron.com
Cc:	Denae Umbower; Helen Woodby
Subject:	B-day Blowout for Helen and Denae - Tuesday
Importance:	High

Please join us to celebrate the birthdays of Helen and Denae (no they are
not twins) on Tuesday Nov. 6th at The Front Porch on W. Gray.  Tuesdays are
Steak Night at The Front Porch in case you get the munchies.  The
festivities will begin between 6:30 and 7:00.

Please rsvp via email if you can attend this fabulous event.  Hope to see
you there!


Steve,

After the Napa meeting last December, I headed up a  working group to look at
coordinating EBS issues Internationally.  Initially I spoke with most of the
people who signed up for the group, and began gathering comments and
suggestions for improved coordination.   However, much of the need for a
working group was reduced for two reasons; first, the addition of Donald
Lassere provided a person within our group to focus exclusively on
international coordination, and secondly, the Global Public Affairs
reorganizations this year solved many of the jurisdictional questions that
were highlighted by many in my working group.  After the re-org, we saw
little reason to continue the working group.

The group did serve as a good sounding board for people to comment on
communications strategies and  better coordination within Government/Public
Affairs.  Many of these strategies (particularly more relationship building
internally) were implemented.  Additionally, the experience was a good one
simply because it offered an opportunity to better educate other group
members on EBS and telecommunications in general.

I would not recommend re-forming the group at this time.  I think many of the
goals the group was initially formed for are actually being achieved now
through better organizational structures and closer collaboration between EBS
support personnel and International group members.

Many of the EBS related topics that deserve a collaborative, cross-functional
process are being examined through informal, ad-hoc working groups now.  For
instance, based on concerns raised at a recent EBS/Government Affairs
off-site, we now have an international regulatory/tax/legal working group.
This group is comprised of participants from Rick Shapiro's group, Mark
Schroeder's group and EBS commercial support organizations.

I am a little unclear on what personal feedback you want on group members.
Please advise what format I should address this in, since I am not a reviewer
for almost anyone who was in my group.  Suffice to say, everyone was helpful
during the brief time the working group was in effect.   But I can give more
detail on individuals if you would like.

Thanks for the opportunity to lead a working group (even for such a short
time!) and please let me know if I can provide any additional information.

Best, Scott

	Steven J Kean@ENRON
	Sent by: Maureen McVicker@ENRON
	11/20/00 08:12 AM

		 To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Bolton/Enron
Communications@Enron Communications, Hap Boyd/EWC/Enron@Enron, Jeff
Brown/NA/Enron@Enron, Ricardo Charvel/NA/Enron@Enron, Paul Dawson/Govt.
Affairs/LON/ECT@ECT, Joe Hillings/Corp/Enron@ENRON, Harry
Kingerski/NA/Enron@Enron, Nicholas O'Day/AP/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 cc: Richard Shapiro/NA/Enron@Enron, Mark Schroeder/LON/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Lora
Sullivan/Corp/Enron@ENRON, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracy Cooper/Enron
Communications@Enron Communications, Beverley Ashcroft/LON/ECT@ECT
		 Subject: WORKING GROUP PROGRESS

Please provide me an update on the progress of the working group you have led
this year.  There are several things I would like you to cover in this regard.

Did the working group function through the year or was it terminated (I
recognize there may be good reasons for the latter, but would like to
understand those reasons).

What did the group accomplish?

Would you recommend continuing it?   Any changes?

Are there other topics we should consider for working groups in the future?
Any changes to the working group process itself?

Please provide input on the individuals you worked with.  You should be able
to do this through the PEP system.  If you cannot, please provide the
feedback by confidential e-mail to me.  Because the PRC is coming up soon,
please provide the feedback by December 1.