---------------------- Forwarded by Kayne Coulter/HOU/ECT on 12/13/2000 12:23
PM ---------------------------

	From:  Christi L Nicolay                           12/13/2000 12:08 PM

To: Bill Rust/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Ron
McNamara/NA/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Rogers
Herndon/HOU/ECT@ect
cc:
Subject: SPS Grandfathered agreement on Blackwater tie.

FYI
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/13/2000
10:47 AM ---------------------------

"Friddle, Jarrett" <jfriddle@SPP.ORG> on 12/12/2000 05:04:37 PM
To: "SPP CPC (EXPLODER)" <cpc@spplist.spp.org>, "SPP RTWG (EXPLODER)"
<rtwg@spplist.spp.org>, SPP TRANSMISSION CUSTOMERS <SPPTrCu@SPP.ORG>
cc: "Chumley, Todd" <TChumley@SPP.ORG>

Subject: SPS Grandfathered agreement on Blackwater tie.

This is an announcement of a working policy for making service across
the Blackwater tie into WSCC in the event the SPS , bundled,
grandfathered is temporarily interrupted.  In order to preserve
competition without displacing the reservation close to the ramp, SPS
has agreed to notify SPP prior to the top of each hour whether or not
they will be making any attempt to restore the IP agreement at the top
of the next hour.  Once that designation has been declared, SPP will
open the market at the top of the hour for next-hour only service to the
BLKW DC Tie.  SPS has stated that 12/12/2000 HE 19 will be available for
service.  A similar notice will be posted to the OASIS and SPP will
follow this policy until further notice.

Jarrett Friddle
Supervisor, Tariff Administration


i will pick it up today or tomorrow.  it is a 1998.  i thought that the best
i could do was a 96, but i got such a sweet deal on this one.


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 2nd

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


Serge:

Sorry to take so long to respond.  A few things:

(1)  What is the correct legal name of the entity you are inquiring about?
Is it the unregulated marketing arm of the regulated utility?

(2)  There has not been a commercial push from the ENA perspective to set up
a new agreement with FPL which explains why I cannot get our credit  goup to
react.  I'll broach the topic again when  I hear from you.

Please let me know if you have any other questions.

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


fyi
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 02/14/2000
02:52 PM ---------------------------

Tracy Ngo
02/14/2000 01:16 PM
To: Elizabeth Sager/HOU/ECT@ECT
cc:
Subject: Re: Can Fibre

The current physical power trading exposure is ITM $741,187. Below is a
detail of the past due invoices for Can Fibre.

Tracy
---------------------- Forwarded by Tracy Ngo/HOU/ECT on 02/14/2000 01:15 PM
---------------------------

Tracy Ngo
02/09/2000 11:25 AM
To: Randy Petersen/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT

Subject: Re: Can Fibre

Below is an email from our power settlements group detailing the outstanding
A/R from Can Fibre.

Tracy
---------------------- Forwarded by Tracy Ngo/HOU/ECT on 02/09/2000 11:24 AM
---------------------------

	Enron North America Corp.

	From:  Rebecca M Grace                           02/09/2000 08:36 AM

To: Tracy Ngo/HOU/ECT@ECT
cc: Leslie Reeves/HOU/ECT@ECT

Subject: Re: Can Fibre

Tracy,

Here is the information you requested on Canfibre.  This is the Power
information only - if you need any updated gas information contact Alicia
Jones in Gas Settlements or her direct supervisor Michelle Stevens.

Call me if you have any questions.

Rebecca

Tracy Ngo
02/08/2000 05:25 PM
To: Rebecca M Grace/HOU/ECT@ECT
cc:
Subject: Can Fibre

Randy Petersen, VP in our Underwriting Group, is meeting with CanFibre
tomorrow afternoon (Wed. Feb 9th).  He has asked if we can pull together the
outstanding A/R amounts, date invoiced, and any other pertinent information
he can take with him to the meeting.

Can you gather this information Wednesday morning and let me know when that
will be available?

Thanks,
Tracy
x3-0554
---------------------- Forwarded by Tracy Ngo/HOU/ECT on 02/08/2000 05:23 PM
---------------------------
From: Chris H Foster on 02/08/2000 10:32 AM
To: Kevin McConville/HOU/ECT@ECT
cc: Jake Thomas/HOU/ECT@ECT, Rebecca M Grace/HOU/ECT@ECT, Tracy
Ngo/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT

Subject: Can Fibre

Kevin:

I work in Portland in West Power tradng and have day-to-day responsibility
for managing the Can Fibre account.  Since this deal started in Sept. they
have only paid one invoice and that was paid 16 days late.  They are
currently 57 days late on one outstanding invoice and 29 days late on
another.  They have failed to come up with $ despite two "heart-to-heart"
discussions with Dale Hrcak about this issue.  Stone and Webster, the firm
building their Riverside plant, I guess controls the cash during this
start-up period and Dale cannot get them to release funds.  They seem
disorganized and fail to give us straight answers on when we will be paid.
If Enron did not own a piece of this company I would be talking to credit and
legal about whether or not Can Fibre is in default and what steps we should
take to require collateral and/or termiante this agreement.  Instead, Jake
Thomas indicated that I should talk to you re: next steps. Could you give me
a call at 503/464-3822 and give me uyour thoughts?

Thanks!

Chris


Thanks - I guess the computer defaults were set wrong and a few deals were
entered with incorrect BOM dates. They've been corrected.

Kate

Stephanie Piwetz   03/19/2001 03:21 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Checkout 3/19/01

554257.01  Just checked with Chris Mallory, he changed the start date to 3/21
-3/31
thanks


Oops, and one more thing. The price on this is entered both in Jeff's trade
log and in Deal Entry as $214.95. I verified that with Chris Mallory, who's
working on the California desk today. If Prebon still has a discrepancy, let
me know.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/04/2000 10:18 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing deal for Jeff Richter for Dec.1

JEff Richter
Prebon sent over a statement where:
Enron buys from EES 12/5-12/30 25 mw of SP-15 at $114.95


I am attaching marked and clean copies of the following documents:

1. Letter Agreement between Enron North America Corp. and NorthWestern
Generation I, LLC;
2. ENA Promissory Note (Exhibit A);
3. First Amended and Restated LLC Agreement (Exhibit C);
4. Escrow Agreement (Exhibit F); and
5. ENA Guaranty (Exhibit G).

Per my discussions with Jerry, Marguerite Kahn will circulate electronic
drafts of the transaction documents on Friday (once she has finished editing
them).

Best regards,

Marisa Reuter
King & Spalding
1100 Louisiana, Suite 3300
713-751-3244 (tel)
713-276-7440 (fax)

 <<LetterAgmt.doc>>  <<LetterAgmtRED.doc>>  <<ENAnote.doc>>
<<ENAnoteRED.doc>>  <<LLCAgreement.doc>>  <<LLCAgreementRED.doc>>
<<EscrowAgmt.doc>>  <<EscrowAgmtRED.doc>>  <<ENAGuaranty.DOC>>
<<ENAGuarantyRed.DOC>>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - LetterAgmt.doc
 - LetterAgmtRED.doc
 - ENAnote.doc
 - ENAnoteRED.doc
 - LLCAgreement.doc
 - LLCAgreementRED.doc
 - EscrowAgmt.doc
 - EscrowAgmtRED.doc
 - ENAGuaranty.DOC
 - ENAGuarantyRed.DOC


Start Date: 2/2/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.


PDF file of the 2000 annual report.

Marge
---------------------- Forwarded by Gary Peng/GPGFIN/Enron on 03/14/2001
05:20 PM ---------------------------

"Monica Zalta" <Monica.Zalta@darcyww.com> on 03/09/2001 03:20:38 PM
To: <gary.peng@enron.com>
cc: <jeannie.mandelker@enron.com>

Subject: PDF files from Jeannie

There are two batches of pages for easier downloading.

J.

 - front 1-14.pdf
 - front 15-end.pdf


Attached please find a draft letter to David Freeman.  Please review and
provide any comments.  Jeff, do you have the adress and fax number for the LA
Office?
Tracy, Bob and Christian  -  do you approve?  I intend to send this out
Monday.

Regards,

Chris


Sam:  Attached is the 2001 Operating Committee List.


Start Date: 4/4/01; HourAhead hour: 20;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040420.txt


Jim,

Thanks. I shall call him.

Vince

James D Steffes@EES
09/20/2000 09:39 AM
To: Vince J Kaminski/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES
cc:
Subject: Presentation to faculty and students at Berkeley

Vince --

Please feel free to also call Jeff Dasovich (415-782-7822) in our San
Fransisco office.  He has been very involved in the California market
discussions and presented before FERC during their field hearings.  He knows
the profs you are meeting with and has some great insights into our positions.

Jeff also attended Berkeley as an undergrad and is now attending their
B-school in the evenings.

Thanks.

Jim Steffes

---------------------- Forwarded by James D Steffes/HOU/EES on 09/20/2000
09:33 AM ---------------------------
From: Steven J Kean@ENRON on 09/20/2000 09:21 AM
Sent by: Steven J Kean@ENRON
To: Maureen McVicker/NA/Enron@Enron, James D Steffes/HOU/EES@EES, Elizabeth
Linnell/NA/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Presentation to faculty and students at Berkeley

Maureen -- please send Vince my California testimony and the talking point
presentation for Jeff Skilling at the National Press Club.
Eliz-- keep Vince on the distribution list for the documents we are
generating now to repond to the California situation.
----- Forwarded by Steven J Kean/NA/Enron on 09/20/2000 09:18 AM -----

	Vince J Kaminski@ECT
	09/18/2000 01:26 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Charlene Jackson/Corp/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Ashley Baxter/Corp/Enron@Enron
		 Subject: Presentation to faculty and students at Berkeley

Steve,

I am a lead recruiter at the University of California at Berkeley for
Enron Analyst/Associate program.

I contacted several friends who work at Berkeley and received an invitation
from one of them to make a presentation at the weekly Faculty Seminar
of the Dept. of Industrial Engineering and Operations Research.

The students and faculty members from the business school will be also
invited.

Berkeley in general, and Department of Industrial Engineering and Operations
Research in
particular, are important centers of academic research on electricity markets
(S. Oren works very closely with Severin Borenstein).

My presentation will focus on the Analyst/Associate program. I shall  also
have
an opportunity to discuss the power markets in California (I expect many
questions) before many experts who are very  important to shaping
public opinion and regulatory agenda.

Please, let me know who in you group could help me in preparing this
presentation
and in presenting  Enron's point of view in a more effective way.

Vince

FYI. The name of my friend who invited me:

Shmuel S. Oren, Professor
Dept. of Industrial Engineering
and Operations Research
4117 Etcheverry Hall
University of California
Berkeley, CA 94720-1777


Please review and let me know your thoughts on their comments.  The MAC
section will come out, so disregard those comments.

----- Forwarded by Gerald Nemec/HOU/ECT on 12/28/2000 05:27 PM -----

	Janet Dixon <jdixon@calpine.com>
	12/28/2000 05:16 PM

		 To: "'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>, Brad Barnds
<BradB@calpine.com>, Joe Gorberg <joego@calpine.com>, Janet Dixon
<jdixon@calpine.com>
		 cc: Stephanie.Miller@enron.com
		 Subject: RE: Doc's for conference call

Here are the changes to the Enfolio that Michael and I came up with.  Please
review and let me know if you have any comments.
I spoke with Michael and the document that Reed of PGT mentioned was with
Michael is actually the surety bond that Michael has sent to the insurance
company for final execution.  If you have any credit questions, please call
Michael at 650-303-0274 (cell).

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Thursday, December 28, 2000 3:28 PM
To: bradb@calpine.com; joego@calpine.com; jdixon@calpine.com
Cc: Stephanie.Miller@enron.com
Subject: Doc's for conference call

Attached is latest version - due to quick turnaround, there may be a few
typo's.

Julie, Gerald and I will be present. Talk to you then....

(See attached file: CALPINE CONFIRM5RED.DOC)(See attached file:
CalpineAssignRelease6(red).doc)(See attached file: CALPINE CORPORATION.doc)

 - Enron CALPINE CORPORATION redline Enfolio 12-29-00.doc
 - Enron CALPINE CORPORATION CLEAN Enfolio 12-29-00.doc


Angela, make sure I buy Chris's gift on Monday.

Set up a Meeting, Milly, Kyle, Derek and Eric with Hemstock re. regulatory.


Attached please find this weeks summary of the most  recent CFTC Commitment of Traders data for Natural Gas.

Thanks,
Mark
 - CFTC-NG-10-29-01.doc


Fine by me.  The site will go live this week-end in preparation for Monday morning.

 -----Original Message-----
From: 	"Robinson, Claudia" <claudia.robinson@ubsw.com>@ENRON
Sent:	Tuesday, February 05, 2002 12:04 PM
To:	Shah, Kal
Cc:	Petrie, James [UBS]; Eber, Louis [UBS]; Brady, Penny [UBS]; Keily, Ruth [UBS]; Mitchell, Nikki [UBS]; Bridges, Mark [UBS]; Forster, David; Hollis, Amanda [UBS]; ODonnell, Pat [UBS]; Dow, Colette [UBS]; 'louise@enron.com'
Subject:	FW: Web content
Importance:	High

Kal,

Below are preliminary comments from Communications and Marketing on the Web content. We will be making more minor
changes on Thursday, during the final review process, and review the site once it goes live next week.

I sent comments from Legal to you earlier today.

Please let me know if you have questions.

Claudia
212-713-8508

-----Original Message-----
From: Halligan, Laura [UBS]
Sent: Tuesday, February 05, 2002 1:00 PM
To: Robinson, Claudia
Subject:
Importance: High

Here is marked version of web text.  Only got to page 3...

Laura Halligan
Associate Director
Manager, Marketing Services
UBS Warburg Americas

 - webtext.doc << File: webtext.doc >>

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 10, 2000 5:00pm through November 13, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: POSTPONED
Impact:  EDI
Time:  Sat 11/11/2000 at  11:00:00 PM CT thru Sun 11/12/2000 at  1:00:00 AM CT
 Sat 11/11/2000 at    9:00:00 PM PT thru Sat 11/11/2000 at 11:00:00 PM PT
 Sun 11/12/2000 at   5:00:00AM London thru Sun 11/12/2000 at 7:00:00 AM London
Outage:  EDI HUB DISK VOLUME INCREASE
Environments Impacted:  Corporate
Purpose: Continued EDI volume increases require the addition of more disk
space for EDI operations.
Backout: Utilize current configuration w/o new HACMP configuration
Contact(s):  Jack Metkus
  Jim Nelson  3-7799  713-327-2007
  Karen O'Grady  5-7149  713-327-4805
  Jack Metkus  3-0362  713-288-0743

EI: SEE ORIGINAL REPORT

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: ALSO SEE ORIGINAL REPORT
Impact:  eol
Time:  Fri 11/10/2000 at  6:00:00 PM CT  thru Fri 11/10/2000 at  7:00:00 PM
CT
 Fri 11/10/2000 at  4:00:00 PM PT thru Fri 11/10/2000 at   5:00:00 PM PT
 Sat 11/11/2000 at 12:00:00 AM London thru Sat 11/11/2000 at  1:00:00 AM
London
Outage:  eol net change
Environments Impacted:  EOl
Purpose:
We have found that IP multicast storms on the EOL internal subnet 172.16.21.0
briefly incapacitate the EOL firewall eolfw1.  To solve the problem, we will
insert a new VLAN/subnet 172.16.23.0 between 172.16.21.0 and the firewall so
that no IP multicast traffic will reach the firewall interface.  Physical
work includes running two copper cables from trd-cx[12]-3405 port 6/7 to
eolfw1 and logical work entails defining the new VLAN on the
switches/routers, enabling interface vlan23 and changing

ip route 192.216.56.0 255.255.255.0 172.16.21.4
ip route 192.216.57.0 255.255.255.0 172.16.21.4
to
ip route 192.216.56.0 255.255.255.0 172.16.23.4
ip route 192.216.57.0 255.255.255.0 172.16.23.4
on the routers, and replacing
route inside 10.0.0.0 255.0.0.0 172.16.21.1 1
route inside 172.16.0.0 255.242.0.0 172.16.21.1 1
route inside 192.168.0.0 255.255.0.0 172.16.21.1 1
with
route inside 10.0.0.0 255.0.0.0 172.16.23.1 1
route inside 172.16.0.0 255.242.0.0 172.16.23.1 1
route inside 192.168.0.0 255.255.0.0 172.16.23.1 1
on eolfw1.
Backout:
Contact(s):  Anchi Zhang  713-853-5464

LOTUS NOTES: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Sat 11/11/2000 at  8:30:00 AM Buenos Aires thru Sat 11/11/2000 at
5:00:00 PM Buenos Aires
 Sat 11/11/2000 at  5:30:00 AM CT thru Sat 11/11/2000 at  2:00:00 PM CT
 Sat 11/11/2000 at  3:30:00 AM PT thru Sat 11/11/2000 at  12:00:00 PM PT
 Sat 11/11/2000 at  11:30:00 AM London thru Sat 11/11/2000 at  8:00:00 PM
London
Outage:  Maintenance electricity
Environments Impacted:  ESA - Buenos Aires
Purpose: Electrical security
Backout: Back to the original project.
Contact(s):  Ariel Bruch
  Nilson Busto  55-11-5503-1347 office
55-11-9233-7481 cel

Impact:  ESA
Time:  Sun 11/12/2000 at  2:30:00 PM Brazil thru Sun 11/12/2000 at  6:00:00
PM Brazil
 Sun 11/12/2000 at  10:30:00 AM CT thru Sun 11/12/2000 at  2:00:00 PM CT
 Sun 11/12/2000 at   8:30:00 AM PT thru Sun 11/12/2000 at  12:00:00 PM PT
 Sun 11/12/2000 at  4:30:00 PM London thru Sun 11/12/2000 at  8:00:00 PM
London
Outage:  Maintenance to the electrical systems
Environments Impacted:  Sao Paulo Office
Purpose: Security maintenance
Backout: Back to the original project.
Contact(s):  Nilson Busto  55-11-5503-1347 office
55-11-9233-7481 cel

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: SEE ORIGINAL REPORT

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:
Impact:  CORP
Time:  Fri 11/10/2000 at  6:00:00 PM CT thru Sat 11/11/2000 at  8:15:00 AM CT
 Fri 11/10/2000 at  4:00:00 PM PT thru Sat 11/11/2000 at  6:15:00 AM PT
 Sat 11/11/2000 at  12:00:00 AM London thru Sat 11/11/2000 at  2:15:00 PM
London
Outage:  Unify
Environments Impacted:  Unify Users
Purpose: For better I/O performance
Backout: Restore the database with the backup
Contact(s):  Jaikishore Bharathi   713-853-0347
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


As an aside, percent gas position breakout:
East Power	22%
Canadian	23%
MGMT		17%
Gas Desk	38%

Net total, 62% of gas positions reside outside of gas desk

Frank


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/21/2000
01:11 PM ---------------------------

J-P Bouchaud and M Potters <book@science-finance.fr> on 08/18/2000 09:45:47 AM
To: vkamins@enron.com
cc:
Subject: New book out: Theory of Financial Risks

Dear colleague,

    you have recently downloaded a draft version of our book,
we are pleased to announce that it is now available in print:

*** THEORY OF FINANCIAL RISKS ***
>From Statistical Physics to Risk Management

by Jean-Philippe Bouchaud (Commissariat a l'Energie Atomique, Saclay)
and Marc Potters (Science & Finance)

Cambridge University Press (2000)
ISBN 0 521 78232 5

The book is available in bookstores in Europe and should be
available before October in the rest of the world. You can find out
more about it, including links to order it on-line, on our web site:
http://www.science-finance.fr/book.html

We wish you a pleasant reading,

Sincerely,

Jean-Philippe Bouchaud
and Marc Potters
--
Science & Finance -- Capital Fund Management
109-111 rue Victor Hugo  |  book@science-finance.fr
92532 Levallois          |  tel: +33.1.41.27.91.11
France                   |  fax: +33.1.47.39.04.47


All UBSW Energy employees can now go out and register on-line for you 401K plan selections. Individual fund investment performance can also be reviewed on-line once you have set up your password.  Due to the timing of the electronic feeds to Hewitt, your contributions will not begin until the 3/15 paycheck.

Savings & Investment Plan - 401(k)
1-888-251-2500
Can talk to a person directly from 9:30am - 6:00pm EST (call the # above, press *0)
www.resources.hewitt.com/ubs <http://www.resources.hewitt.com/ubs>

Thanks, Tony
(713) 853-7829


Real-Timers,

Wheelabrator Martel is going down for a few hours on Saturday morning, 8/4, so we need to purchase market power to cover their preschedule sale.  Please purchase 8mw, HE7-13, NP15.

Thanks,
Stan


----- Forwarded by Steven J Kean/NA/Enron on 10/30/2000 07:29 AM -----

	"IssueAlert" <IssueAlert@scientech.com>
	10/27/2000 06:33 AM

		 To:
		 cc:
		 Subject: Toronto Hydro, Ontario Power Generation Launch EBT Express

http://www.consultrci.com

************************************************************************

Search SCIENTECH's PowerHitter archive to read about our interview with
a leader in the industy:
http://www.consultrci.com/web/infostore.nsf/Products/PowerHitter
************************************************************************
===============================================================
SCIENTECH IssueAlert, October 27, 2000
Toronto Hydro, Ontario Power Generation Launch EBT Express
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Toronto Hydro Corporation and Ontario Power Generation announced that they
have launched an electronic business transaction (EBT) "hub" that will
provide centralized electronic data management and transaction services
to local distribution companies (LDCs) and energy retailers in Ontario.
Called EBT Express, the exchange will become operational when Ontario's
new competitive electricity market opens next spring. Excelergy eXACTv,
developed by energy software solutions company Excelergy Corporation, will
provide the technology infrastructure for EBT Express.

ANALYSIS: This is a significant development, as EBT Express represents
the first hub in Canada for retail energy transactions. The site will serve
as the central clearinghouse for immediate communication of customer data
among hundreds of LDCs and energy retailers in Ontario, and possibly
throughout
Canada.  I spoke yesterday afternoon with George Caraghiaur, Exelergy's
vice president, Canada, about EBT Express. Caraghiaur believes that the
site "will provide the essential technology for opening Ontario's electricity
market in an efficient manner." That is no small undertaking as there are
an expected 300 players that will need to communicate with each other in
Ontario once competition begins.

Deregulation is happening in Canada on a province-by-province basis (much
like it is happening state-by-state in the U.S.). Thus far, only Ontario
and Alberta have set dates when electric customers will be able to select
a new energy supplier. Ontario is scheduled to become competitive next
spring, and presently is the only region in which EBT Express will be
operational.
Alberta uses a point-to-point transaction process, which represents a very
complex model. Caraghiaur believes that the value of EBT Express will be
clearly seen, and there will be many opportunities for the hub in Alberta
and elsewhere.

The Ontario Energy Board (OEB), which is the equivalent of a state PUC,
mandated the use of electronic business transactions (EBTs). The EBTs work
as follows: Once a customer selects a new energy supplier, the energy
supplier
and the local distribution company (LDC) must continue to share information
about that customer. This proprietary data, shared strictly on a one-to-one
basis between the energy supplier and the LDC only, will include billing,
usage and payment information. Essentially, an LDC will read the meter
and send usage information to the energy supplier, who will calculate its
portion of a customer's bill and in turn send this data back to the LDC,
which will submit the customer bill. This represents a common way for billing
in Ontario, although there are other options including consolidated billing
that originates from the energy supplier and split billing coming from
both the LDC and energy supplier. No customer information will be exchanged
until competition officially begins in Ontario, which now appears to be
in the spring of 2001, although the technology infrastructure supplied
by Excelergy is already in place.

In response to the OEB's mandate, Toronto Hydro Corp. and Ontario Power
Generation*the largest players in electricity distribution and generation
in Ontario* became equity partners in the $7.7 million joint venture to
create EBT Express. All customer data will be contained within EBT Express,
which is supported by the eXACT technology. Excelergy eXACT is a software
solution that translates, validates, manages and delivers data exchanged
among users. The functionality of eXACT has been used in several U.S. states,
including Pennsylvania and New Jersey. In fact, eXACT was introduced to
gas and electricity retailers in the United States in 1999 as a component
of Excelergy ABPv, a billing and customer information solution. Allegheny
Energy Supply, a subsidiary of Allegheny Energy, was one U.S. utility that
I know of that used the Excelergy technology.

Caraghiaur contends that EBT Express will play an important role in enhancing
the competitive market in Ontario. "There are presently 37 licensed retailers
in Ontario, 15 pending retailers and 246 LDCs," Caraghiaur told me. "You
can imagine the cloud of communication pathways that would occur between
all these players without a centralized hub such as EBT Express." The number
of LDCs seemed awfully high to me, but Caraghiaur explained that in Ontario
many LDCs serve only a small number of customers, often 100 customers or
less. This should change as consolidation reduces the number of LDCs in
Ontario but, when compared to the United States, Ontario still will have
a comparatively high number of distribution companies.

Caraghiaur cited Pennsylvania as an example of a market that has tried
to assimilate communication among many market participants. Pennsylvania,
along with most other U.S. states, still uses electronic data interchange
(EDI) as its standard, wherein every LDC has a slightly different
interpretation
of data that is shared through the EDI. This can often cause communication
inconsistencies and retailers may have a difficult time in getting ready
for deregulation. "EBT Express will be in the position to enforce standards,"
says Caraghiaur. "The use of XML in particular will enhance communication
between market participants."

In fact, XML (extensible market language) is the cornerstone of eXACT as
it constructs a standardized language so that data can be exchanged but
still understood by different applications. Caraghiaur claims that Excelergy
is on the forefront of XML technology, which was expressly stipulated in
the EBT standards developed by the Advisory Committee to the Ontario Energy
Board. XML is a common language used on the Internet that makes it easier
and more cost-effective for buyers and sellers to exchange data between
applications and data sources that otherwise might have been incompatible.
In addition, Excelergy's eXACT software is object-oriented, allowing for
easy and rapid change from one program to another.

Clearinghouse exchanges are definitely a trend in the energy industry.
Whereas states that previously deregulated, such as California and
Pennsylvania,
did not use a centralized clearinghouse for customer information, states
and provinces now formulating their restructuring plans often mandate them.
For instance, Excelergy's competitor Logica has a market data clearinghouse
built for the Midwest market. Also, the ERCOT-ISO has teamed with Andersen
Consulting on a similar market data clearinghouse for the Texas unbundling,
scheduled for pilot in the summer of 2001 and full market opening in January
2002.

One concern that market participants may have is the sharing of customer
data through EBT Express, especially when it is backed by potential
competitors
in the Ontario market such as Toronto Hydro and Ontario Power. Caraghiaur
responded to this by saying that the OEB mandated the exchange of customer
information through an EBT structure. However, market participants are
not mandated to participate in EBT Express. They could opt to still exchange
information on a point-to-point basis, although Caraghiaur believes that
EBT Express offers a much more efficient forum for the transfer of customer
data. In addition, Caraghiaur reiterated that no proprietary or competitive
information would be accessible between any parties other than the LDC
and energy supplier involved in the exchange.

Interestingly, Toronto Hydro and Ontario Power may be competitors when
the Ontario market opens next year. Toronto Hydro Corp. owns Toronto
Hydro-Electric
System Limited, a regulated electricity distribution system, and Toronto
Hydro Energy Services, a competitive energy service company. Ontario Power
Generation is an electricity generating company, so Toronto Hydro and Ontario
Power will be competing on the retail level to acquire energy supply
contracts
with lucrative customers. And rumor has it that venerable retail giant
Sears is also taking a look into becoming an energy retailer in Canada
next year. As Canada continues to deregulate and attract energy suppliers,
Excelergy anticipates that the EBT Express could serve a national market.

===============================================================
For a an in-depth perspective on the market potential of distributed
technologies,
SCIENTECH is offering Stephens Inc.'s (Investment Banker) 97-page report,

"Powering the Digital Economy" on its Website at:
http://www.consultrci.com/web/infostore.nsf/Product-Preview/UtilityAdvisor

free for a limited time only.
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===============================================================
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--------- Inline attachment follows ---------

From:  <Chris Booth/ENRON@enronXgate>
To: Kay Mann <Kay Mann/Corp/Enron@Enron>
CC: Kathleen Carnahan <Kathleen Carnahan/ENRON@enronXgate>
Date: Tuesday, June 12, 2001 12:55:00 GMT
Subject:

Kay,

Since Carlos is out of pocket, could you please take a look out the attached CA for Constellation Power.  They are interested in the Calvert City, KY site.  (I am willing to pay you a bribe of a diet Coke!)

Thanks,

Chris
 -----Original Message-----
From: 	Carnahan, Kathleen
Sent:	Friday, June 08, 2001 5:46 PM
To:	Sole, Carlos
Cc:	Booth, Chris
Subject:	Constellation Power Development, Inc. CA (Calvert City, Kentucky)

Carlos,

Attached is a draft of the CA for Constellation Power in connection with discussions on Calvert City.

Please review and advise if Chris can send an electronic copy to Constellation.

Your EX-Legal Assistant

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


Pretty humorous.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 10/19/2000
10:45 AM ---------------------------

	From:  Jennifer Bagwell @ ENRON                           10/19/2000 10:46 AM

To: Jackson Logan/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Anne
Bike/Corp/Enron@Enron
cc:
Subject: FW: Debate

---------------------- Forwarded by Jennifer Bagwell/NA/Enron on 10/19/2000
10:43 AM ---------------------------

lovelace.mc@pg.com on 10/19/2000 06:43:03 AM
To: atlastgirl@aol.com, ann koonce <akoonce@fhi.org>, barnes.al@pg.com, brian
comer <bcc@nmrs.com>, cindy sells <cindy.sells@jcbradford.com>, earl lovelace
<elovelace@dorchester2.k12.sc.us>, goodman.lj@pg.com, jhull
<jhull@mciworld.com>, jeffers.me@pg.com, jennifer.bagwell@enron.com,
ksummersbean@yahoo.com, kristen.poploskie@appl.ge.com, pankratz.v@pg.com,
phillips.sl.2@pg.com, smith.mc.1@pg.com, merrill.la@pg.com
cc:

Subject: FW: Debate

---------------------- Forwarded by Marie Lovelace-MC/PGI on 10/19/2000 07:39
AM
---------------------------

 Internet Mail Message
 Received from host: smtp102.urscorp.com
 [38.202.96.105]

From: Heather_Laughlin@URSCorp.com on 10/18/2000 03:31 PM

To:   Sharon_Lauffer-Aho@URSCorp.com, Brook_Bertig@URSCorp.com,
      amanda.black@URSCorp.com, DGBrent@aol.com, Debi@lexinvest.com,
      Sokhan@aol.com, Marie Lovelace-MC/PGI, Tracy_Moore@URSCorp.com,
      AprilMoschella@aol.com, Dawn@computrainsc.com, srobertson@BJGLAW.com,
      lisa.shelton@jacobs.com
cc:
Subject:  FW: Debate

Just try to read this without laughing!  If you've watched any of the
debates, you'll love this - regardless of which loser you're voting for.

Heather Laughlin
Environmental Engineer
URS Corporation
2020 Ardmore Boulevard
Room 205
Pittsburgh, PA  15221
(412) 351-2044, ext. 213
(412) 351-2203 - fax

-----Original Message-----
From: Kristin Dougherty [mailto:KDougherty@collectamerica.com]
Sent: Wednesday, October 18, 2000 1:17 PM
Subject: FW: Debate

Second Presidential Debate Transcript
>
>Jim Lehrer: Welcome to the second presidential debate between Vice
>President Al Gore and Gov. George W. Bush. The candidates have agreed on
>these rules:
>I will ask a question. The candidate will ignore the question and deliver
>rehearsed remarks designed to appeal to undecided women voters. The
opponent
>will then have one minute to respond by trying to frighten senior citizens

>into voting for him. When a speaker's time has expired, I will whimper
>softly while he continues to spew  incomprehensible statistics for three
>more minutes.
>
>Let's start with the vice president. Mr. Gore, can you give us the name of
a
>downtrodden citizen and then tell us his or her story in a way that
>strains the bounds of common sense?
>Gore: As I was saying to Tipper last night after we tenderly made love
>the way we have so often during the 30 years of our rock-solid marriage,
the
>downtrodden have a clear choice in this election. My opponent wants to
>cut taxes for the richest 1 percent of Americans.  I, on the other hand,
>want
>to put the richest 1 percent in an iron clad lockbox so they can't hurt
old
>people like Roberta Frampinhamper, who is here tonight. Mrs.
>Frampinhamper has been selling her internal organs, one by one, to pay for

>gas so that
>she can travel to these debates and personify problems for me. Also,
>herpoodle
>has arthritis.
>
>Lehrer: Gov. Bush, your rebuttal.
>
>Bush: Governors are on the front lines every day, hugging people, crying
>with them, relieving suffering anywhere a photo opportunity exists.  I
>want to empower those crying people to make their own decisions, unlike my

>opponent, whose mother is not Barbara Bush.
>
>Lehrer: Let's turn to foreign affairs. Gov. Bush, if Slobodan Milosevic
>were to launch a bid to return to power in Yugoslavia, would you be able
to
>pronounce his name?
>
>Bush: The current administration had eight years to deal with that guy
>and didn't get it done. If I'm elected, the first thing I would do about
>that
>guy is have Dick Cheney confer with our allies. And then Dick would
>present me several options for dealing with that guy. And then Dick would
>tell me
>which one to choose. You know, as governor of Texas, I have to make tough
>foreign policy decisions every day about how we're going to deal with New
>Mexico.
>
>Lehrer: Mr. Gore, your rebuttal.
>
>Gore: Foreign policy is something I've always been keenly interested in.
>I served my country in Vietnam. I had an uncle who was a victim of poison
>gas in World War I.  I myself lost a leg in the Franco-Prussian War.  And
>when that war was over, I came home and tenderly made love to Tipper in a
>way
>that any undecided woman voter would find romantic. If I'm entrusted with
>the office of president, I pledge to deal knowledgeably with any threat,
>foreign or domestic, by putting it in an iron clad lockbox. Because the
>American people deserve a president who can comfort them with simple
>metaphors.
>
>Lehrer: Vice President Gore, how would you reform the Social Security
>system?
>
>Gore: It's a vital issue, Jim. That's why Joe Lieberman and I have
>proposed changing the laws of mathematics to allow us to give $50,000 to
>every
>senior citizen without having it cost the federal treasury a single penny
>until
>the year 2250. In addition, my budget commits $60 trillion over the next
10
>years to guarantee that all senior citizens can have drugs delivered free
>to their homes every Monday by a federal employee who will also help them
>with the child-proof cap.
>
>Lehrer: Gov. Bush?
>
>Bush: That's fuzzy math. I know, because as governor of Texas, I have to
>do math every day. I have to add up the numbers and decide whether I'm
going
>to fill potholes out on Rt. 36 east of Abilene or commit funds to reroof
the
>sheep barn at the Texas state fairgrounds.
>
>Lehrer: It's time for closing statements.
>
>Gore: I'm my own man. I may not be the most exciting politician, but I
>will fight for the working families of America, in addition to turning the

>White House into a lusty pit of marital love for Tipper and me.
>Bush: It's time to put aside the partisanship of the past by electing no
>onebut Republicans.
>
>Lehrer: Good night.


Klaus,
I spoke with Hollis.
He sounds fine.
He is not sure when he will be back to work.
They still do not know exactly what happened.

I spoke with Mark Fisher.

He is in Hollis' group.

He can support your request, but he needs more information.

Please contact him after our Thursday SCADA conference call.

Mark Fisher
661-823-6545

Mark,
Please see Klaus' request below.

I've included Klaus' contact information.

Klaus Holtel
011-49-5971-980-1122 office
011-49-171 635 7034 mobile

Thank you.

Ron

Klaus Holtel@TWTDE
05/22/2002 09:58 AM
To: Ronald Brzezinski/EWC/Enron@ENRON, Kevin.Cousineau@ENRON@TWTDE
cc: Martin Essing/DEVELOP/TWT/DE@TWTDE

Subject: Spannungswerte USA

Ron,

I have heard that Hillis is a hospital. Is it true?
Can you support us?

Kind Regards,
Klaus
---------------------- Weitergeleitet von Klaus Holtel/DEVELOP/TWT/DE am
22.05.2002 18:55 ---------------------------

Klaus Holtel
22.05.2002 15:33
An: Hollis Kimbrough/EWC/Enron@ENRON
Kopie: Martin Essing/DEVELOP/TWT/DE@TWTDE
Thema: Spannungswerte USA

Hi Hollis,

how are you? I hope everything is fine!

Hollis, at the meeting in Spain you told me, that it is no problem for you to
support us in Germany with data from US sites.
Now, Martin Essing from the group "BUG" need the following data over the
lifetime of the turbine.

Site:   Turbine  Data
Indian Mesa  #34, #56    10sec. averrage: Voltage Phase A, Voltage Phase B,
Voltage Phase C, Power, cos phi
Indian Mesa  #34, #56    10min. averrage: Voltage Phase A, Voltage Phase B,
Voltage Phase C, Power, cos phi
Indian Mesa  #34, #56    24h averrage: Voltage Phase A, Voltage Phase B,
Voltage Phase C, Power, cos phi

Trent Mesa  #1, #5, #10, #15  10sec. averrage: Voltage Phase A, Voltage Phase
B, Voltage Phase C, Power, cos phi
Trent Mesa  #1, #5, #10, #15  10min. averrage: Voltage Phase A, Voltage Phase
B, Voltage Phase C, Power, cos phi
Trent Mesa  #1, #5, #10, #15  124h averrage: Voltage Phase A, Voltage Phase
B, Voltage Phase C, Power, cos phi

Thank you Hollis for your support.

Kind Regards,
Klaus Holtel
GE Wind Energy GmbH
SCADA Development
Holsterfeld 16
48499 Salzbergen, Germany

---------------------- Weitergeleitet von Klaus Holtel/DEVELOP/TWT/DE am
22.05.2002 15:21 ---------------------------
Von: Martin Essing am 22.05.2002 15:00
An: Klaus Holtel/DEVELOP/TWT/DE@TWTDE
Kopie:
Thema: Spannungswerte USA

Tach, wie besprochen:

von den Anlagen  Indian Mesa  #34 und #56 sowie von einigen beliebigen
Anlagen in Trend Mesa h,tte ich gerne die Netzspannungswerte / Leistung /cos
phi

als Minutenmittelwerte Tagesmittelwerte Sekundenwerte   (minana%s dayana%s
secana%s blitze)

Martin


You're a peach!!! (I'm really cheesy sometimes, I hope Carla warned you.)

   Kate Symes @ ECT                12/08/2000 10:08 AM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Deal #471740 Mieco

It's done!

Thanks,
Kate

Kimberly Hundl@ENRON
12/08/2000 06:51 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Deal #471740 Mieco

Please go ahead and change it. -Thanks!

   Kate Symes @ ECT                12/07/2000 05:24 PM

To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Deal #471740 Mieco

This should be changed to CAISO energy. Please let me know what you'd like me
to do - change the deal or wait.

Thanks,
Kate

Kimberly Hundl@ENRON
12/07/2000 03:25 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal #471740 Mieco

This deal is in "Pending - revised after sent to Ctrpty" status.  Some
changes have been made to the deal, but it still has an SP-15 delivery point
with Firm Energy.  Can you please find out whether it's the delivery pt. or
the energy type that is wrong?
Thanks for your help!
Kim


Just a note that the new bandwidth is still in EBS Legal being run thru the
legal and regulatory hoops.  As soon as I hear from Robbi or Marie that it's
approved, I'll pass on the word.


Vince

First meeting will be Dec 11 or 12 at West Deutche Landesbank, NY.

Look for phone-in details next week.

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Friday, December 01, 2000 10:24 AM
To: garpny1@home.com
Cc: Vince.J.Kaminski@enron.com
Subject: Re: GARP Credit Derivatives Discussion Group

Philip,

Thanks for keeping me in mind. Yes, I would be interested.

Vince

"Philip Merrill" <garpny1@home.com> on 11/30/2000 04:47:20 PM

Please respond to <garpny1@home.com>

To:   <vkamins@enron.com>
cc:
Subject:  GARP Credit Derivatives Discussion Group

Vince

We are starting a credit derivatives discussion group in New York.

Is this something you would be interested in?

Like FAS 133 an 800-Call-IN number will be provided for Houston
participants.

Our first meeting will be in a week or so.

Regards,

Philip Merrill
Garp Regional Director, New York
973-258-1540


I would like to thank all of you for putting quality time and effort into
this important process.  There is nothing more important to ENA than
attracting and retaining the most talanted and innovative people.

Effectively immediately, written and oral feedback for commercial managers
and directors can be delivered. As per our discussion, the PRC process is
primarily a feedback, performance management and staff planning tool.  It
provides a data point for bonus purposes; however, it is not the only
determinant.  In the interest of ensuring the most effective performance
management tool, I would suggest that we implement the following:
 a)For employees ranked in the strong and above categories, the ultimate
ranking should not be communicated and the message should focus on progress
towards identified commercial goals and objectives and progress towards the
further development of desirable leadership and commerical capabilities.
Written and oral feedback should be delivered immediately;
 b) For employees ranked in the satisfactory, needs improvement and issues
category, the ultimate ranking should be communicated to ensure approriate
documentation of performance and to stimulate a plan to rectify or cure
performance issues.  For the satisfactory category, the message should focus
on increasing deal-flow, financial performance and productivity.  The bar is
always being raised.  For the needs improvement category, the message should
focus on turning around poor performance over the next six months.  For the
issues category, the business unit manager should determine, in conjunction
with your HR rep., the appropriate plan to find a better "fit" in the
organization or counsel out.  Regardless, the ENA Office of the Chairman will
require a written plan of action for all employees in the needs improvement
and issues category from the business unit manager documenting the plan of
action to rectify performance.

Vice President ranking can not be communicated until after the Enron VP PRC
currently scheduled for July 31st.  I anticipate a similar process as above
with our officer feedback process.  Associate and Analyst rankings can not be
communicated until after the Enron A&A PRC currently scheduled for July 19th.

Other identified action items from the meetings include:
 a) the HR group will put together a "profile and performance book" for ENA's
A&A's to ensure our representatives can augment performance information at
the July 19th meeting;
 b) ENA will be aggressively attempting to retain highest performing A&A's to
continue rotating within ENA;
 c) ENA will be holding an additional "off-cycle" A&A super-saturday for
Houston and Portland in August to augment our capabilities in this area;
 and d) your HR representative is building a pipeline of outside employment
candidates for your review each week.  Please review these resumes in a
timely basis and let them know your interest or lack thereof.

Please communicate to your organization as appropriate.

Regards
Mark and Dave


Karen,

Attached are updates to the HR piece, indicated in red.

Janie

Karen Denne@ENRON
08/03/2000 12:22 AM
To: Steven J Kean/HOU/EES@EES, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Johan
Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith Miceli/Corp/Enron@Enron,
Richard Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Miguel Padron/SA/Enron@Enron,
Mary Joyce/HR/Corp/Enron@ENRON, Aaron Brown/HR/Corp/Enron@ENRON, Richard
Shapiro/HOU/EES@EES, Henry Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Summer Q&A

Attached is the latest draft Q&A document, which I've edited and attempted to
organize into topics.  There are a number of questions that still need
answers.  I've also attached a draft of the key messages.   Please let me
know if you have any additions, comments or changes to either document by the
end of the day Thursday.

Thank you.
Karen


Luanne:
Our credit people are okay with doing without the change of control condition
that is in the current Guarnty.
Carol


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/25/2001
12:24 PM ---------------------------

Greg Couch
01/25/2001 12:09 PM
To: Victor Guggenheim/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
cc:
Subject: RE: You WILL be interested in these sites

---------------------- Forwarded by Greg Couch/HOU/ECT on 01/25/2001 12:09 PM
---------------------------

"Bruce A. Bernard" <bbernard@hypercon.com> on 01/25/2001 11:08:25 AM
To: Greg.Couch@enron.com
cc:
Subject: RE: You WILL be interested in these sites

Cool sites!

Also, unrelated, but interesting as well!

http://antwrp.gsfc.nasa.gov/apod/image/0011/earthlights_dmsp_big.jpg

http://www.wnd.com/news/article.asp?ARTICLE_ID=21384

-BAB

-----Original Message-----
From: Greg.Couch@enron.com [mailto:Greg.Couch@enron.com]
Sent: Monday, January 22, 2001 12:09 PM
To: bbernard@hypercon.com
Subject: You WILL be interested in these sites

www.solow.com   (just wish I had time to get one in before our hunt)
www.rimfirecentral.com    (there is also a link from the main page to a
Mark II discussion forum)


The Direct Report conference call scheduled for Thursday, October 25 is being cancelled.

Thanks!

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


Kam -

Can you get a list of all curves together for 11/30.  And any sample broker quotes that we may have.  ( I hope we are saving them at this point.)

Thanks


Stocks Close Higher As Investors Cheer Earnings News
Dow Jones Business News- 10/22/01
Enron Faces Holder Suit From Fincl Chief Pacts
Dow Jones News Service- 10/22/01
Shapiro Haber & Urmy Files Class Action on Behalf of Purchasers of Enron Corporation Stock (NYSE: ENE) in The Period From July 13, 2001 Through October 16, 2001
PR Newswire- 10/22/01
Enron Board Approved Partnerships Run by Chief Financial Officer
PR Newswire- 10/22/01
USA: UPDATE 3-SEC looks into Enron deals, stock slides 20 pct.
Reuters English News Service- 10/22/01
Enron shares plunge 20 percent after acknowledging SEC inquiry
Associated Press Newswires- 10/22/01
STOCKWATCH Enron lower after SEC questions transactions; AG Edwards downgrades
AFX News- 10/22/01
Enron Corp. Information requested by SEC.
Regulatory News Service- 10/22/01
Enron Shares Slide as SEC Seeks Information on Deals With CFO's Partnership
Dow Jones Business News- 10/22/01
Enron Says SEC Asks About Related-Party Transactions (Update8)
Bloomberg- 10/22/01
UniPrime Signs Letter of Intent for Wind Energy Park Project
Business Wire- 10/22/01

Stocks Close Higher As Investors Cheer Earnings News
By Peter Edmonston

10/22/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
The Wall Street Journal Online
Stocks rallied sharply Monday despite the widening anthrax scare, as a batch of better-than-expected quarterly earnings reports cheered investors.
The Dow Jones Industrial Average gained 172.92, or 1.9%, to close at 9377.03 after gaining 40.89 points Friday. The Nasdaq Composite Index rose 36.75, or 2.2%, to 1708.06 after climbing 18.59 points in the previous session.
Other major stock indexes gained ground Monday. The Standard & Poor's 500-stock index added 16.42 to 1089.90, the New York Stock Exchange Composite Index rose 7.13 to 561.45, and the Russell 2000 Index gained 4.80 to 430.50.
Bonds were mixed and the dollar strengthened.
The stock market's gains were tempered briefly by news that a postal worker in Washington, D.C., was diagnosed with anthrax contracted by inhalation. Additionally, two other postal workers in Washington have died and their deaths are being investigated to determine if they died of that same ailment.
But stocks took the anthrax reports in stride, suggesting a new and surprising level of confidence among market participants, some analysts said Monday. "The market is really shrugging off this news," said Mark Donahoe, a managing director at U.S. Bancorp Piper Jaffray.
Upbeat earnings news from American Express, released Monday afternoon, seemed to give stocks an additional lift.
Investors may be shifting their focus away from concerns about anthrax exposure and U.S. military maneuvers in Afghanistan to take a closer look at quarterly earnings results, said Steven Kroll Sr., managing director at Monness, Crepsi & Hardt.
The uncertainty on the global front "looks like it is going to be a long, drawn-out affair," Mr. Kroll said. "I think stocks will revert back to being earnings-driven."
Although dismal by ordinary standards, last week's flood of quarterly earnings reports got a reasonably upbeat reception from investors, who seem to have approached them with extremely low expectations. "The markets acted pretty well last week in light of some very ugly earnings," said Mr. Donahoe of U.S. Bancorp. That resilience might be giving hope to investors this week, he added.
Still, investors will be carefully sifting through quarterly results in the coming week to get a fix on how the fourth quarter is shaping up, Mr. Kroll argued.
Third-quarter earnings showed several pockets of strength on Monday, with big companies such as Minnesota Mining and Manufacturing and U.S. Steel posting results that met or topped analysts' estimates.
The Dow industrials got an additional boost shortly after 2 p.m. EDT when index component American Express reported earnings that, excluding certain items, beat Wall Street previously lowered estimates.
The financial-services concern posted net income of $298 million, or 22 cents a share, down 60% from $737 million, or 54 cents a share, a year earlier. Excluding charges related to a corporate restructuring and the September 11 attacks, American Express said it would have earned $595 million, or 45 cents a share, for the latest quarter. Analysts had been expecting earnings of 30 cents a share, according to Thomson Financial/First Call.
Shares of American Express surged after the quarterly earnings release, closing up 3.4% at $30.32.
Chip stocks helped lead the Nasdaq composite higher, with the Philadelphia semiconductor index gaining 5.4%. The rally seemed to be a continuation of Friday's gains in the sector, sparked by positive earnings news from KLA-Tencor.
U.S. Steel, the nation's No. 1 steelmaker, said it swung to a third-quarter loss from a profit a year earlier, hurt by oversupply and a weak economy. But excluding charges related to the closure of one mill and damage at another, U.S. Steel said its loss was much narrower than what was forecast by analysts surveyed by Thomson Financial/First Call. Shares of U.S. Steel rose 9.7% to $14.74.
Investors also sent 3M shares nearly 5% higher after the maker of chemical and adhesive products squeaked by Wall Street estimates, despite a 21% decline in net income. And oil producers Conoco and USX-Marathon Group handily beat analysts' forecasts.
But not all the earnings news was cheery. Local phone company SBC Communications recorded net income that was slightly below estimates. Shares of SBC, a component of the Dow industrials, fell 5.1% to $41.40.
Meanwhile, the outlook for corporate profits in the fourth quarter seems discouraging, some analysts noted. On Monday, 3M guided Wall Stret's earnings expectations lower for the upcoming quarter, and a top executive at U.S. Steel told analysts that the company's fourth quarter would be "difficult."
Companies "are meeting third quarter expectations, but they are talking down the fourth quarter," said Mr. Kroll of Monness Crespi & Hardt. He said that some of the rise in Monday's markets might be a carryover from Friday's buying activity related to the expiration of U.S. stock option and index option contracts, an event known as "double witching."
One of the hardest-hit stocks on Monday was Enron, an energy concern that said that the Securities and Exchange Commission was seeking information about certain complex transactions it undertook with a limited partnership organized by its chief financial officer. Shares of Enron plunged 21% to $20.65.
Overseas, stocks closed higher. London's Financial Times-Stock Exchange 100-Share Index gained 1.1%, while Frankfurt's Xetra DAX index rose 2%. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.3%, but Hong Kong's Hang Seng Index ended 0.3% lower.
In economic news, the Conference Board reported that its index of leading indicators for the month fell 0.5% in September, matching the estimates of economists surveyed by Thomson Global Markets. The index -- a composite of measurements aimed at forecasting likely changes in the economy -- included some data gathered after the Sept. 11 attacks.
The decline, which was the index's largest one-month drop since January 1996, confirmed that the widespread weakness in the U.S. economy is deepening, the Conference Board said. Falling stock prices and rising initial unemployment claims were two of the index components that contributed most negatively to the September reading.
In August, the leading-indicators index slipped 0.1%, less than the previous estimate of a 0.3% decline. Even so, the back-to-back declines paint a bleak economic picture, said Conference Board economist Ken Goldstein.
The two-month decline in the index suggests that the already-weak economy is likely to remain weak into next year, Mr. Goldstein said. The overall reading from these numbers indicates that manufacturing and services are experiencing a significant slowdown.
In major U.S. market action:
Stocks rose. On the Big Board, where 1.09 billion shares were traded, 1,813 stocks rose and 1,291 fell. On the Nasdaq, 1.49 billion shares changed hands.
Bonds were mixed. The 10-year Treasury note rose less than 1/16 point Monday, or 62.5 cents for each $1,000 invested. The yield, which moves inversely to its price, fell to 4.618%. The 30-year bond fell 1/16 point to yield 5.364%.
The dollar rose. The dollar bought 122.56 yen, compared with 121.20 yen late Friday. The euro traded at 89.18 U.S. cents, down from 89.84 cents late Friday.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Faces Holder Suit From Fincl Chief Pacts

10/22/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW YORK -(Dow Jones)- A shareholder of Enron Corp. (ENE) filed a derivative suit in Texas court alleging that Enron's board breached their fiduciary duties to the company by allowing Chief Financial Officer Andrew Fastow to create and run certain limited partnerships.
In a press release Monday, a law firm representing the unnamed shareholder said that Enron's board lost over $35 million by allowing Fastow to run these partnerships, which engaged in transactions with Enron and presented a conflict of interest.
The suit alleges that the limited partnerships bought Enron assets, permitting Fastow to use his inside knowledge of the company's financial condition to earn millions of dollars.
On Oct. 16, Enron announced that it will take a $35 million charge relating to the limited partnerships and revealed that the company had to repurchase 55 million of its shares in order to unwind its involvement in the partnerships, thereby reducing the company's shareholder equity by $1.2 billion.
On Monday, Enron said the Securities and Exchange Commission recently requested additional information regarding the limited partnerships.
On Oct. 19, The Wall Street Journal reported that Fastow, and possibly a handful of partnership associates, realized more than $7 million last year in management fees and about $4 million in capital increases on an investment of nearly $3 million in the partnership, which was set up in Dec. 1999 principally to do business with Enron.
Fastow has been finance chief of Enron since 1997 and has been with the firm 11 years, which included extensive work setting up and managing company investments.
Enron's New York Stock Exchange listed shares fell to a 52-week low on Monday following news that the SEC requested additional information.
A spokeswoman from Enron said the company has not seen the lawsuit and it does not comment on pending litigation.
-Thomas Gryta; Dow Jones Newswires; 201-938-5400

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Shapiro Haber & Urmy Files Class Action on Behalf of Purchasers of Enron Corporation Stock (NYSE: ENE) in The Period From July 13, 2001 Through October 16, 2001

10/22/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)
BOSTON, Oct. 22 /PRNewswire/ -- The law firm of Shapiro Haber & Urmy LLP has filed a class action suit alleging securities fraud in the United States District Court for the Southern District of Texas (Houston Division), 515 Rusk Ave., Houston, Texas 77002, against Enron Corporation ("Enron") (NYSE: ENE) and certain of its officers and directors.
The case was filed on behalf of all purchasers of the common stock of Enron during the period from July 13, 2001 through October 16, 2001, inclusive (the "Class Period").
The complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act of 1934 ("the Exchange Act"), and Rule 10b-5 promulgated thereunder, and that defendants' wrongful conduct artificially inflated the price of Enron common stock during the Class Period. The complaint charges that the defendants misrepresented and concealed material facts concerning the Company's financial transactions with two partnerships established by Enron's Chief Financial Officer, which resulted in substantial losses to Enron and a reduction in shareholders' equity of over $1 billion. The price of Enron's common stock plummeted over 20% in just three trading days following disclosure of the financial losses resulting from Enron's dealings with these partnerships.
Plaintiff seeks to recover damages suffered by class members and is represented by the law firm of Shapiro Haber & Urmy LLP, which has successfully prosecuted numerous securities class actions on behalf of defrauded investors. More information about the firm and its qualifications is available on the firm's website at www.shulaw.com.
If you are a member of the class described above, you may wish to join the action. You may move the court to serve as a lead plaintiff no later than December 21, 2001.
If you would like a copy of the complaint, would like to discuss joining this action as a lead plaintiff, or would like to inform us that you are a member of the proposed class, please contact Thomas G. Shapiro, Esq. or Liz Hutton, paralegal, Shapiro Haber & Urmy LLP, 75 State Street, Boston, MA 02109, (800) 287-8119, fax at (617) 439-0134, or e-mail at cases@shulaw.com.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X66791593

/CONTACT: Thomas G. Shapiro, Esq. or Liz Hutton, paralegal, Shapiro Haber & Urmy LLP, +1-800-287-8119, cases@shulaw.com/ 16:54 EDT

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Board Approved Partnerships Run by Chief Financial Officer

10/22/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)
NEW YORK, Oct. 22 /PRNewswire/ -- An Enron (NYSE: ENE) shareholder has filed a derivative suit in Texas state court which charges that Enron's board of directors breached their fiduciary duties to the Company by allowing its CFO, Andrew Fastow to create and run certain limited partnerships. The Enron board lost the Company over $35 million by allowing Fastow to run these partnerships, which engaged in transactions with Enron and presented a clear conflict of interest for the Enron CFO.
In addition to other transactions, the limited partnerships bought Enron assets, permitting Fastow to use his inside knowledge of the Company's financial condition to earn millions of dollars for himself and the limited partnerships. On October 16, 2001 the Company announced that it would take a $35 million charge relating to the limited partnerships. It was also revealed that the Company had to repurchase 55 million of its shares in order to unwind its involvement in the partnerships, thereby reducing the Company's shareholder equity by $1.2 billion.
On October 22, 2001, the Company announced that the SEC recently requested additional information regarding these limited partnerships.
If you would like additional information regarding this lawsuit, you may contact Murielle Steven Walsh at Pomerantz Haudek Block Grossman & Gross LLP, New York, New York, 888-476-6529 ((888) 4-POMLAW) or mjsteven@pomlaw.com.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X60348122

/CONTACT: Murielle Steven Walsh, Esq. of Pomerantz Haudek Block Grossman & Gross LLP, +1-888-476-6529 (+1-888-4-POMLAW), mjsteven@pomlaw.com/ 15:41 EDT

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 3-SEC looks into Enron deals, stock slides 20 pct.
By David Howard Sinkman

10/22/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 22 (Reuters) - Shares of Enron Corp. slumped more than 20 percent on Monday after it said U.S. regulators are looking into company transactions, another blow to a company whose chief executive resigned in August.
A spokesman for North America's biggest buyer and seller of natural gas and electricity declined to discuss an inquiry by the U.S. Securities Exchange Commission, but said it was cooperating. The SEC also declined to outline details of its inquiry.
Investor confidence in the company has been rocked by reports from The Wall Street Journal about its relationship with two limited partnerships that were run until recently by Enron's chief financial officer, Andrew Fastow. The company also reported last week its first quarterly loss in more than four years, and took $1.01 billion in charges and writedowns on ill-fated investments.
Problems at Enron surfaced two months ago when CEO Jeff Skilling resigned after only six months at the helm.
Enron shares declined $5.49, or 21 percent, to $20.56 in Monday afternoon trade on the New York Stock Exchange, shaving off almost $4.2 billion of its market capitalization. The stock, the biggest decliner by percentage loss on the NYSE, fell as much as 22.8 percent on Monday, when it opened at its lowest level since September 1998.
Shares declined 23 percent last week after the Journal ran its first story about the limited partnerships on Wednesday.
Enron declined to comment on whether the SEC's inquiry into "certain related party transactions" involved the partnerships.
"Related party transactions" is the heading used by Enron in its 1999 and 2000 annual reports to discuss dealings with its limited partnerships, LJM Cayman LP and the larger LJM2 Co-Investment LP, which engaged in complex hedging transactions involving company assets worth hundreds of millions of dollars.
Fastow severed his ties to the partnerships in June. LJM was set up in June 1999 for energy-related investments, and LJM2 in December 1999 for energy-and communication-related investments.
The Journal reported $35 million of its third-quarter loss of $638 million were connected with the limited partnerships
Curt Launer, an analyst at Credit Suisse First Boston, said investors should question Enron's use of real value accounting when the value of certain assets, "most notably in telecommunications," have declined precipitously.
"Investors have had several opportunities to question Enron's credibility and at each of those turns the share price has declined," Launer said.
Some analysts, though, cautioned against assuming fire when there might only be smoke.
"This is an inquiry, not an investigation, and I cannot imagine Enron's attorneys or accountants would allow it do to something illegal," said Merrill Lynch analyst Donato Eassey.
"It's easy for the market to kick a company when its down, but these challenges do not last for a solid company, and we think Enron is one."
Shares in the company are down 75 percent this year.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron shares plunge 20 percent after acknowledging SEC inquiry

10/22/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
HOUSTON (AP) - Shares of Enron Corp. plunged more than 20 percent Monday after the energy trading giant said the Securities and Exchange Commission had sought information company's transactions with limited partnerships, which were managed by an Enron senior officer.
In a statement, Enron said it had provided the regulatory agency with information in response to an inquiry last week.
"We welcome this request," Enron chairman and chief executive officer Kenneth L. Lay said in a statement Monday. "We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest."
Investors were upset by the news, however, sending shares of Enron down dlrs 5.30 to dlrs 20.75 in heavy trading on the New York Stock Exchange.
The transactions took place in 1999 and 2000, according to Houston-based Enron's 2000 annual report. They resulted in a dlrs 16 million pre-tax gain to Enron in 1999 and a dlrs 36 million loss in 2000.
Enron officials declined to provide details about the transactions or name the limited partnerships, instead referring questions to a section of the annual report on related party transactions.
"Enron entered into transactions with (limited partnerships) to hedge certain merchant investments and other assets," according to the section in the annual report.
Enron spokesman Mark Palmer said the SEC first contacted Enron last week and described the request is an "informal inquiry."
"This is not an investigation," he said. "We see the request as an opportunity to put this issue behind us."
SEC spokesman John Heine said he could not comment on the filings. "We can't confirm or deny that type of activity," Heine said.
The electricity marketer and natural gas provider says both internal and external auditors and attorneys reviewed the related party arrangements, the company's board was fully informed of and approved the arrangements, and they were disclosed in the company's SEC filings.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
STOCKWATCH Enron lower after SEC questions transactions; AG Edwards downgrades

10/22/2001
AFX News
(c) 2001 by AFP-Extel News Ltd
NEW YORK (AFX) - Shares of Enron Corp were down sharply in late morning trade, after the Securities and Exchange Commission requested the company to provide information on certain related-party transactions, prompting AG Edwards to downgrade the stock to 'hold' from 'buy', dealers said.
At 11.10 am, Enron was down 4.29 usd, or 16.47 pct, at 21.76. The DJIA was up 57.57 points at 9,261.68, and the S&P 500 composite index was up 5.57 points at 1,079.05.
In a statement this morning, Enron confirmed that the SEC had requested documents, and said it would "cooperate fully" with the commission.
However, the company did not give any details of the transactions concerned or of the reasons behind the SEC's request.
According to AG Edwards analyst Mike Heim, Enron "significantly reduced" its equity to unroll a partnership arrangement with a partially-owned subsidiary formerly run by Enron's chief financial officer.
"This arrangement, which was not discussed in past SEC filings, has led to a growing distrust of the company by the financial community.
"In our opinion, the market is most likely overreacting to the news being disseminated over the last few days.
"However, we can give no assurances that all the problems at Enron have been fully disclosed," Heim said.
In its statement this morning, Enron said although its internal and external auditors and attorneys have reviewed the related-party arrangements, adding that the Board was "fully informed of and approved these arrangements", which were disclosed in the company's SEC filings.
"We believe everything that needed to be considered and done in connection with these transactions was considered and done," said chief executive Kenneth Lay.
ng/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Corp. Information requested by SEC.

10/22/2001
Regulatory News Service
(C) 2001
INTNTH 22 October 2001
ENRON ANNOUNCES SEC REQUEST, PLEDGES COOPERATION
HOUSTON - Enron Corp. (NYSE: ENE) announced today that the Securities and Exchange Commission has requested that Enron voluntarily provide information regarding certain related party transactions.
"We welcome this request," said Kenneth L. Lay, Enron chairman and CEO. "We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest. In the meantime, we will continue to focus on our core businesses and on serving our customers around the world."
Enron noted that its internal and external auditors and attorneys reviewed the related party arrangements, the Board was fully informed of and approved these arrangements, and they were disclosed in the company's SEC filings. "We believe everything that needed to be considered and done in connection with these transactions was considered and done," Lay said.
Enron is one of the world's leading energy, commodities and services companies. The company markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world. Enron's Internet address is www.enron.com. The stock is traded under the ticker symbol "ENE."
END
'MSCEAFEAALXFFFE.

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

Enron Shares Slide as SEC Seeks Information on Deals With CFO's Partnership

10/22/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
HOUSTON -- Shares of Enron Corp. slumped Monday after the energy-trading concern said the Securities and Exchange Commission has asked for information about "certain related party transactions," including those between Enron and a limited partnership organized by its chief financial officer.
Enron promised to cooperate fully with the SEC request and said in a prepared statement that it "welcomes" the request and looks forward to put "any concern about these transactions to rest."
In 4 p.m. EDT trading on the New York Stock Exchange, Enron (ENE) shares fell $5.40, or 21%, to $20.65.
Last week The Wall Street Journal reported that a limited partnership organized by Andrew Fastow, Enron's chief financial officer, made millions in profits in transactions with the firm. The story cited information reported in an internal partnership document.
Enron also said last week it will repurchase up to 55 million shares that it had issued as part of transactions with LJM2 CO-Investment LP, the limited partnership created by Mr. Fastow.
In addition, Enron took a $1.01 billion charge in the third quarter, mostly connected with write-downs of bad investments, producing a loss of $618 million, or 84 cents a share. Excluding charges, income was $393 million, or 43 cents a share, in the quarter.
The charge covers a wide range of items including costs related to the limited partnerships that were, until recently, by Mr. Fastow.
The company said the costs connected with the partnerships total $35 million and involve the early termination of "certain structured finance arrangements."
The partnerships were set up two years ago, and while the company maintains that they are perfectly proper, some have suggested that it is a conflict of interest for Enron's chief financial officer to be involved in a partnership that was looking to purchase Enron assets, the Journal reported.
The energy company said its auditors reviewed the arrangements and its board was fully informed and approved the deals, which were disclosed in SEC filings.
"We believe everything that needed to be considered and done in connection with these transactions was considered and done," Enron Chairman and Chief Executive Kenneth Lay said on Monday.
Separately, an Enron shareholder filed a derivative lawsuit in Texas court alleging Enron's board breached its fiduciary duties to the company by allowing Mr. Fastow to create and run certain limited partnerships.
A law firm representing the unnamed shareholder said in a prepared statement that Enron's board lost over $35 million by allowing Mr. Fastow to run these partnerships, which engaged in transactions with Enron and presented a conflict of interest.
The suit alleges that the limited partnerships bought Enron assets, permitting Mr. Fastow to use his inside knowledge of the company's financial condition to earn millions of dollars.
-- Bill Platt of Dow Jones Newswires contributed to this report.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Enron Says SEC Asks About Related-Party Transactions (Update8)
2001-10-22 17:10 (New York)

Enron Says SEC Asks About Related-Party Transactions (Update8)

     (Adds in sixth paragraph that analyst estimates dissolving
affiliated companies would cost $3 billion.)

     Houston, Oct. 22 (Bloomberg) -- Enron Corp.'s shares fell 21
percent after the Houston-based company said the Securities and
Exchange Commission requested information on partnerships run by
Chief Financial Officer Andrew Fastow and other executives.

     Enron, the largest energy trader, created partnerships and
other affiliated companies to buy and sell assets such as power
plants to lower the debt on its books. An investor sued Enron's
board Wednesday, saying two partnerships cost the company $35
million and Fastow's leadership of them was a conflict of
interest.

     Investors today said they were concerned that Enron may be
forced to dismantle the affiliated companies by paying off the
owners in cash or stock. Chief Executive Ken Lay said last week he
may be have to ``unravel'' agreements that created the companies
if Enron's debt ratings fall too far.

     ``We need confidence their long-term credit rating won't go
below investment grade,'' said Roger Hamilton, an analyst at John
Hancock's value funds, which own 600,000 Enron shares.

      Enron reduced shareholders' equity by $1.2 billion when it
repurchased 55 million shares of two such partnerships controlled
by Fastow, LJM Cayman and LMJ2 Co-Investment, the Wall Journal
reported last week.

     Dismantling more of the affiliated companies and partnerships
would cost Enron or its shareholders as much as $3 billion, Ray
Niles, a Salomon Smith Barney analyst, wrote in a report to
investors today.

     Enron shares fell $5.40 to $20.65. They touched $19.67 during
the day's trading, the lowest level since Jan. 15, 1998.

                           Shares Plunge

     The stock has fallen 75 percent this year amid concerns about
failed investments in trading of space on fiber-optic
communications networks and a water company, and the resignation
of Jeff Skilling as CEO in August after seven months on the job.

     While Skilling said he resigned for personal reasons,
investors say his departure led them to question whether the
company was concealing problems, including possible liabilities
from affiliated companies.

     On Tuesday, Enron surprised many investors when it reported a
$618 million third-quarter loss, the result of writing off $1.01
billion in failed investments.

      Moody's Investors Service placed the company's debt on watch
for possible downgrade. The company's debt is rated at investment
grade by Fitch, Standard & Poor's and Moody's.

     The company received a faxed request for information from the
SEC on Wednesday asking for information, spokesman Mark Palmer
said, and will respond ``as soon as possible.''

     ``We will cooperate fully with the SEC and look forward to
the opportunity to put any concern about these transactions to
rest,'' Lay, who is also Enron's chairman, said in a statement.

                          Dilution Fears

     Enron has formed at least 18 companies to serve as financing
vehicles for its projects, based on filings with the Texas
secretary of state. Fastow and other Enron executives are named as
the controlling partners or the board members in the companies.

     Some have bought Enron assets such as power plants, removing
the debt for those projects from Enron's books. That allows Enron
to keep cash earned from the main trading business from supporting
what it views as secondary businesses, Standard & Poor's debt
analyst Todd Shipman said.

      Enron brokers trades of electricity, natural gas and other
commodities as well as owns power plants and natural-gas
pipelines.

     Dismantling the affiliates would be costly. Whitewing
Management, an affiliated company that has bought 14 Enron power
plants and lists Fastow as managing director, holds 250,000
preferred shares of Enron.

     Enron may have to convert the preferred shares to common
stock if share prices fall below a certain level and the credit
rating drops below investment grade, according to company filings.
That would dilute the value of common shareholders' investment.

     ``The concern is how many of these dilutive structures are
out there?'' Shipman said. ``Investors are worried they might have
to share their Enron earnings with a lot more people than they
originally thought.''

                        Worrisome Financing

     Enron's auditors and attorneys reviewed the company's
``related party arrangements,'' the board approved them, and they
were disclosed in SEC filings, Enron said in its statement.

     That hasn't eased concerns. The reduction of shareholder
equity by $1.2 billion from the LJM partnerships is reason to
worry about Enron's other financing vehicles, wrote Niles, the
Salomon analyst. Enron also may take another $2.4 billion in
losses from investments in the Dabhol power plant in India and
projects in South America, he wrote.

     Enron's 8 percent coupon bonds due in 2005 fell $34 per
$1,000 face value to be offered at $1,022 today from $1,056 on
Friday, traders said. Yield on the debt rose to 7.33 percent from
6.33 percent.

     Based on Bloomberg composite ratings, most of Enron's long-
term debt is rated at BBB2 and BBB1, two or three levels above
investment grade.

     Fastow continues to work, and Enron hasn't punished him,
Palmer said. Fastow declined to be interviewed, spokeswoman Karen
Denne said. SEC spokesman John Heine declined to comment on the
agency's request to Enron.

     ``We believe everything that needed to be considered and done
in connection with these transactions was considered and done,''
Lay said in the statement.

UniPrime Signs Letter of Intent for Wind Energy Park Project

10/22/2001
Business Wire
(Copyright (c) 2001, Business Wire)
APACHE JUNCTION, Ariz.--(BUSINESS WIRE)--Oct. 22, 2001--UniPrime Capital Corporation Inc. (NQB:UPRC) announced today that it has signed a Letter of Intent (LOI) with Jessel Enterprises Inc. of Los Angeles for a partial interest in a wind park ground lease.
This ground lease, owned by Enron Wind Development Corp., a subsidiary of Enron Corp. (NYSE:ENE), represents in excess of 3,000 acres of prime natural land in the Tehachapi Valley, possessing an extremely high-quality wind source. The output at this particular location is rated at approximately 64 megawatts, and can service roughly 40,000 residential customers. Revenue generation from the Jessel Enterprises wind park is estimated to be $96 million per year.
UniPrime Capital Corporation president and CEO Randy Russo stated, "We are very pleased to have this opportunity to assist in providing a clean, environmentally favored alternative power supply to California consumers, especially in view of the recent crisis condition that many west coast markets have been experiencing."
Additional information about this particular wind park project, and the industry in general, can be found at the American Wind Energy Association's website at http://www.awea.org. UniPrime Capital Corporation is a publicly traded investment holding company trading under the symbol UPRC.

Statements contained in this document that are not historical in nature are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause future results to differ materially from those set forth in such forward-looking statements. UniPrime Capital Corporation undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Such risks and uncertainties with respect to UniPrime Capital Corporation include, but are not limited to, its ability to successfully implement internal performance goals, performance issues with suppliers, regulatory issues, competition, the effect of weather, exposure to environmental issues and liabilities, variations in material costs and general and specific economic conditions.


All testing was completed successfully and we have confirmed with ENW Resolution Center that Exchange servers are up.  The process now includes testing the CRM/CRS application.


Update on Mail Distribution:

On Campus Mail Distribution Resumes

On-campus mail distribution resumed this afternoon (11/14/01). Initial
distribution may be slow
but is expected to pick up as mail that had been stored in a secured campus
facility is processed.
Pending the reopening of the University's Main Post Office in the
Administration Building, the mail
sorting and distribution activity is taking place at an alternate site in
the University Service Center.

University facilities that receive mail directly from the United States Post
Office will continue
to receive and process mail.  The test results were negative for the East
(Divinity) Campus mail facility
and mail distribution for that Campus resumed this afternoon.  The West
(Law) Campus is processing
mail from an alternate location while they await the results of tests taken
at their main processing
location.

With the exception of Meridian Hill Hall, for which results are pending, the
off-campus dormitories
also received negative test results and this afternoon reactivated
distribution from their usual locations.

# # #


Steve:

I have forwarded my comments on the Pompano agreement to Kay, and plan to
follow up with her tomorrow. A commercial point that no one has raised with
me is the escalation on the $650k payment. I am not in favor of this. Where
did this come from? Please advise.

Thanks,

Ben

 -----Original Message-----
From:  MedleyB@gtlaw.com@ENRON
[mailto:IMCEANOTES-MedleyB+40gtlaw+2Ecom+40ENRON@ENRON.com]
Sent: Wednesday, May 30, 2001 3:58 PM
To: Jacoby, Ben; Krimsky, Steven; Mann, Kay
Subject: Attached Files

Attached is the draft Developers Agreement for Pompano and Deerfield along
with a draft letter to Larry Deetjen.  I am in the process of redlining the
Zisman draft against the newest version which I will forward momentarily.

_______________________________________________________________
The information contained in this transmission may contain
privileged and confidential information.  It is intended only
for the use of the person(s) named above. If you are not the
intended recipient,  you are hereby notified that any review,
dissemination, distribution or duplication of this
communication is strictly prohibited. If you are not the
intended recipient, please contact the sender by reply email
and destroy all copies of the original message.

To reply to our email administrator directly, please send an
email to postmaster@gtlaw.com.
 <<ENRON-DEERFIELD AGREEMENT.DOC>>   <<DBEC-Letter to Larry R. Deetjen.DOC>>
 <<EnronPompano Developers Agreement.DOC>>

 - ENRON-DEERFIELD AGREEMENT.DOC
 - DBEC-Letter to Larry R. Deetjen.DOC
 - EnronPompano Developers Agreement.DOC


Thanks!.  I'll fax it back to you after it's signed.

	"Pete Groetzinger" <pgroetzinger@brentbroker.com>
	07/13/2000 07:08 PM

		 To: <Tana.Jones@enron.com>
		 cc: "David Salomon" <dsalomon@lab9.com>, <John.Pavetto@enron.com>,
<Louise.Kitchen@enron.com>
		 Subject: RE: BrentBroker Full Style

Tana - I just sent the executed CA to your fax machine.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Wednesday, July 12, 2000 6:00 PM
To: pgroetzinger@brentbroker.com
Cc: Louise.Kitchen@enron.com; John.Pavetto@enron.com
Subject: Re: BrentBroker Full Style

Please find attached a copy of our proposed form of Confidentiality
Agreement.  Please call me if you have any comments or questions.  If the
agreement meets with your approval, please have an authorizied officer of
the company execute it and return the signed document to me at the fax
number below.  Thanks for your attention herewith.

I passed on your "regards" to Robbi Rossi.

(See attached file: brentbroker.doc)

Tana Jones
Paralegal
Ph:  (713) 853-3399
Fax:  (713) 646-3490

                    "Pete Groetzinger"
                    <pgroetzinger@brentb        To:
<tana.jones@enron.com>
                    roker.com>                  cc:
                                                Subject:     BrentBroker
Full Style
                    07/12/2000 05:01 PM

Tana -

The legal name is: Brent Broker.com LLC

I look forward to receiving your Confidentiality Agreement.

Regards,

Peter V. Groetzinger, COO
BrentBroker.com
One Riverway, Suite 2500
Houston, Texas 77056
USA
713.888.0500
www.brentbroker.com


FYI.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 06/12/2000
01:41 PM ---------------------------

	Enron North America Corp.

	From:  Lisa Csikos                           06/12/2000 09:45 AM

To: Mary Solmonson/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT,
Pat Clynes/Corp/Enron@ENRON
cc: Brenda F Herod/HOU/ECT@ECT
Subject: Texas Unfinaled Invoices - May 2000 Production

Please find the attached spreadsheets listing the unfinaled sales invoices
for May production.  We have indicated which group is responsible for the
outstanding item in the "Responsible Department" column.  The Settlement
coordinator is also listed on these spreadsheets.  Please have your team
members contact the coordinators directly for the information needed to final
the invoice.

As communicated last week in our meeting with Sally, the deadline for
completing this work so that the invoices can be finaled is Friday, June 16,
2000.  We appreciate any efforts your teams can make in expediting the
research to ensure we can final all May invoices by the end of day Friday.

Thank you for your support and cooperation in these efforts.

Lisa


We just wanted to remind you that ticketing for our Grade A sale for
travel through June 13, 2002 ends this Tuesday, February 12, 2002
at midnight.

This sale requires a 7-day advance purchase and discounts range
up to 35% off the already low fares we offer everyday. Seats are
limited and may be unavailable on some days and flights that
operate during peak and holiday travel times such as the
President's Day, Easter, and Memorial Day periods. Travel on
sale fares to and from Fort Lauderdale, Fort Myers, Miami,
Orlando, and Tampa must be complete by April 18, 2002, and
travel to those cities is valid southbound Monday through
Wednesday and northbound Tuesday through Thursday. Travel
is valid every day of the week for those cities from April
19, 2002 through June 13, 2002.

You must purchase sale tickets by February 12, 2002.

Receive a BONUS $5 each-way discount if you make your sale
fare booking online at www.airtran.com .

Remember:  Travel may originate in either city and all fares
are one-way and don't require a roundtrip purchase.

Following is just a small sample of one-way sale fares:

$64   Atlanta - Baltimore/Washington, DC (BWI)
$75   Atlanta - Boston
$55   Atlanta - Dayton
$84   Atlanta - Grand Bahama Island
$64   Atlanta - Gulfport/Biloxi
$39   Atlanta - Myrtle Beach
$75   Atlanta - Orlando
$59   Atlanta - Pittsburgh
$59   Atlanta - Rochester
$64   Atlanta - Toledo, Ohio
$75   Atlanta - Washington, DC (Dulles)
$44   Baltimore/Washington, DC (BWI) - Boston
$70   Baltimore/Washington, DC (BWI) - Ft. Lauderdale
$75   Baltimore/Washington, DC (BWI) - Miami
$70   Baltimore/Washington, DC (BWI) - Orlando
$99   Bloomington/Normal - Orlando
$94   Boston - Memphis
$81   Boston - Raleigh/Durham
$95   Buffalo - New Orleans
$39   Chicago (Midway) - Pittsburgh
$80   Canton/Akron - Miami
$79   Dallas/Ft. Worth - Atlanta
$99   Dallas/Ft. Worth - Boston
$83   Flint - Greensboro/High Point/Winston/Salem
$75   Ft. Lauderdale - Philadelphia
$84   Ft. Myers - Atlanta
$79   Houston (Hobby) - Atlanta
$99   Houston (Hobby) - Buffalo
$89   Minneapolis - Atlanta
$75   Newark - Atlanta
$99   Newark - Houston (Hobby)
$64   Newport News/Williamsburg - Orlando
$44   New York (LaGuardia) - Newport News/Williamsburg
$76   New York (LaGuardia) - Savannah/Hilton Head
$34   Philadelphia - Pittsburgh
$75   Philadelphia - Orlando
$75   Philadelphia - Tampa
$84   Toledo - Tampa
$99   Washington, DC (Dulles) - Dallas/Fort Worth
$85   Washington, DC (Dulles) - Memphis
$79   Washington, DC (Dulles) - Tampa

Remember:  Travel may originate in either city listed above
and all fares are one-way and don't require a roundtrip purchase,
and receive a BONUS $5 each-way discount if you make your sale
fare booking online at www.airtran.com .

Sale Fares other rules and restrictions: All fares are one-way. All
fares are non-refundable, and a $50 per person fee applies to any
change made after purchase plus any applicable increase in airfare.
Travel on sale fares must be purchased no later than February 12, 2002.
All travel must be complete by June 13, 2002.  Travel on sale fares to
and from Fort Lauderdale, Fort Myers, Miami, Orlando, and Tampa must be
complete by April 18, 2002, and travel to those cities is valid
southbound Monday through Wednesday and northbound Tuesday through
Thursday. Travel is valid every day of the week for those cities from
April 19, 2002 through June 13, 2002. Fares have a 7-day advance
purchase restriction and may be combined with regular fares to
complete an itinerary.  Travel is not valid on March 28, 29, 2002 or on
April 1, 7, 2002 or on May 24, 28, 2002. Travel also may not be
available to and from select cities during other periods of high
passenger demand.  Seats are limited and subject to availability.  Fares
don't include segment taxes of $3.00 for each segment.  The September
11th security fee of up to $10 is not included. A segment is defined as
a takeoff and landing.  Airport passenger facility charges of up to $18
are not included.  Fares to/from Grand Bahama Island do not include
$34.70 in round-trip taxes.

**********************************************************************
As a subscriber to AirTran Airways' Net Escapes, we send you regular
updates on our Internet specials.  If you need to contact us for any
other reason, please call us at 1-800-AIR-TRAN, or in Atlanta call
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I propose that we put in place the following plan to follow-up with employees:

1. Thank you from Stan to all employees that worked on emergency plan over the weekend.

2. Thank you from me/Steve Hotte to the group of employees that came into the office or went to Omaha & a small token of appreciation -- perhaps dinner certificate to take their families out to dinner.

3. Employee assistance - compile a list of ETS employees that need assistance & Gina will work with Missy Stevens in Corp. to coordinate assistance.