FYI

 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Friday, November 16, 2001 2:45 PM
To:	Shapiro, Richard
Subject:	Government Affairs Organization Announcement

With the announcement of Enron's acquisition by Dynegy behind us, and with the initial severance process completed, it seemed an appropriate time to effect some organizational changes so that we as a group are better prepared to meet the challenges of the future.  Before I turn to the organizational changes, I would like to say a few words about those who will be leaving the company as a result of the initial severance (you'll know who they are by their absence on the organizational chart): Leading and being a part of this group has been a privilege?I am thankful for every day that I have had that responsibility and thankful for however long I continue to have the responsibility.  This sense of privilege and thankfulness is primarily driven by having had the opportunity to get to know and care about such a dedicated group of professionals and support staff and who, to a person, are also very decent and good people.  To say good-bye to some of our colleagues is not easy.  I want to, on behalf of all of us, thank them for their hard work, their integrity, their decency, and the good times and laughter that we shared.  I trust that many of us will find ways to sustain friendships that have been and will continue to be very special.  Thanks to each of you who are leaving for all you have done.

As to the organizational structure, it has become increasingly apparent to me that the existing organization, with a mix of groups organized along functional and regional lines (particularly within the U.S.), has impeded our ability to get things done in the most efficient fashion at times.  The need to rationalize the organizational structure, in order to consolidate all U.S. energy functions, is a strong need from my perspective.  As a result, Jim Steffes will lead the U.S. Energy group along with Sue Nord, who will jointly report to Jim and myself.  Sue will assist Jim in the leadership of the group and take on project management responsibilities as warranted to help Jim shoulder a significant burden.  Also reporting to Jim will be a leadership group for U.S. Energy that will be as follows:  Wholesale Electricity will be led by Christi Nicolay; Retail Electricity and Natural Gas will be led by Harry Kingerski; Wholesale Gas will be led by Leslie Lawner.   Last, but not least, Jeff Dasovich and Sue Mara, who will continue to focus on California energy issues, will report to Jim. (Sue Mara will also be part of the Wholesale electricity team).

Steve Montovano, who will continue to report to me, will lead a commercial development effort along with Dan Allegretti.

With the elimination of the regional groups, I also recognize that there is a need to continue to focus on how we as a group address our political/legislative needs across the U.S.  Paul Kaufman will lead a small group that will address that need and that will focus on state political support.  Paul will also take the lead for Government Affairs in support of corporate development efforts across the U.S.

Much of the rest of the group remains the same.  Linda Robertson will continue to lead the Washington group with Sarah Novosel, who reports to Linda, taking the lead role in our coordination of activities at FERC.  Amr Ibrahim will continue to lead the support of the Global Assets group and also continue to manage the Risk Analytics function.  Maggy Huson will take over support of the non-energy business units, which are as follows: Global Markets, Industrial Markets, Networks, and Broadband.  Rob Hemstock will continue to lead the support of Enron Canada.  Paul Dawson, who heads up government affairs for Europe; Sergio Assad, who heads up government affairs for South America; and Mike Grimes and Mark Crowther, who head up our Asian efforts, will continue to jointly report to the business units and myself.

I am also forming a North American leadership group for Government Affairs to provide policy guidance for the larger group and the company.  That Committee will consist of Rob Hemstock, Maggy Huson, Amr Ibrahim, Paul Kaufman, Harry Kingerski, Leslie Lawner, Steve Montovano, Christi Nicolay, Sue Nord, Sarah Novosel, Linda Robertson, Jim Steffes and myself.  We will also continue to have an RCR Committee that will consist of Maggy Huson, Harry Kingerski, Sue Nord, Linda Robertson, Jim Steffes & myself.  Finally, I am forming a Dynegy/Enron regulatory approvals working group that will consist of Jose Bestard, Paul Dawson, Paul Kaufman, Sue Nord, Sarah Novosel and myself.

No organizational structure or set of organizational changes is either perfect or permanent.  I believe these changes will make us better and more prepared for the future.  However, we must be prepared to further adjust as the future unfolds for the company.

One final note: I am deeply sorry that each of you has had to live through this uncertain and troubled period for the company.  We are all saddened by the recognition that we are in the midst of changes that will leave our group fundamentally altered, but we must resolve to do our best for each other and ourselves during this period of change to ensure that what emerges, for those of us who do remain a part of the new Dynegy, reflects the excellence and integrity that has characterized our group.  Personally, I will do all I can, for as long as I can, to steer the group through this to the very best place possible.  Your continued dedication and support is very much appreciated.  Hang in there and thanks.


EFF_DT PORTFOLIO_ID DOWN95
2/8/01  MANAGEMENT-COAL 0
2/8/01  MANAGEMENT-CRD 0
2/8/01  MANAGEMENT-GAS 1,395,617
2/8/01  MANAGEMENT-PWR 171,132
2/8/01  AGG-MANAGEMENT 1,449,781


I have added deal # 541123 as a buyback for December 25-31 2000.
Please invoice South Hampton total flow thru the meter 12/01 - 12/24; on
12/25 they should be invoiced a minimum of 1700 mmbtu per day at contract and
buy back
900 mmbtu per day per sitara 541123.  Please call with questions.

Daren please forward to client services.


Gerald,

I need resolution on these issues as well before you go.

Thanks,
Chris


-----Original Message-----
From: 	Scholtes, Diana
Sent:	Tuesday, September 25, 2001 9:55 AM
To:	Hall, Steve C. (Legal)
Cc:	Belden, Tim; Crandall, Sean; Semperger, Cara; Rosman, Stewart
Subject:	BPA CONTRACT # 10123 - REVISION

Summary of Changes:

1.  Deal # 330315.1 has an existing bookout agreement for Q4 '02.  Deal # 448835.1 is the replacement deal.
2.  Deal # 281938.1 has an existing agreement for non-delivery in May and June for the contract term.  Deal # 448835.1 is also the replacement deal.

Please see attachment.

Diana


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/16/2000
12:24 PM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/16/2000 10:41:55 AM
To: <Ami.Chokshi@enron.com>, <Clarissa.Garcia@enron.com>
cc:

Subject: EI 315/329 Revised Availability Effective 6/17/00 (Tennessee P/L)

I just received notification from the Eugene Island 315 platform that they
will be shut-in for 2-3 days while the drilling rig moves off location.  I
will notify you Monday morning of its status.

Thanks,
Steve

 - EI315329reveff061700.xls


I believe Leslie Hansen has a copy of it.  Unfortunately, our files are
packed up for the move tomorrow and I can't check to see if I have a copy.  I
left Genia a message to see if she could check Leslie's file, but if she's
not in the office, Leslie may not mind if you look through her Ameren file.

From: Tana Jones on 08/31/2000 02:31 PM
To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Re: Ameren Services Company

Rhonda,

Can you provide me with the Agency Agreement or other documentation you may
have received with respect to this agency relationship.  Thanks!

	Rhonda L Denton
	08/29/2000 05:18 PM

		 To: Shari Stack/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Ameren Services Company

---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 08/29/2000
05:19 PM ---------------------------

Rhonda L Denton
08/25/2000 02:53 PM
To: Tim Belden/HOU/ECT@ECT, Dana Davis/HOU/ECT@ECT, Genia
FitzGerald/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Melissa Ann
Murphy/HOU/ECT@ECT, Kyle Schultz/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT,
Christi L Nicolay/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, John
Berger/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Gretchen Lotz/HOU/ECT@ECT, Dean
Laurent/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT,
Christian Yoder/HOU/ECT@ECT, Jan M King/HOU/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT,
John Malowney/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Laura
Jones/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, James E Terrell/HOU/ECT@ECT,
Corry Bentley/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Thresa A
Allen/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Sharen Cason/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Kimberly Allen/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Christopher
Smith/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, John
Suttle/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT,
Stephanie Piwetz/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Russell T Kelley/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT,
Holli Krebs/HOU/ECT@ECT, Paul Choi/SF/ECT@ECT, Chris H Foster/HOU/ECT@ECT,
Sean Crandall/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Paul Mead/PDX/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Smith L
Day/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, D Brett Hunsucker/HOU/ECT@ECT,
Kim Ward/HOU/ECT@ECT, John M Forney/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Alonzo Williams/HOU/ECT@ECT,
John Kinser/HOU/ECT@ECT, Robert Benson/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Paul J Broderick/HOU/ECT@ECT, Edward
Sacks/Corp/Enron@Enron, Janet H Moore/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Rogers Herndon/HOU/ECT@ect, Jesse Bryson/HOU/ECT@ECT, Stanley
Cocke/PDX/ECT@ECT, Michael M Driscoll/PDX/ECT@ECT, Brian
Robinhold/PDX/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Kimberly
Hundl/Corp/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Elsie Lew/HOU/ECT@ECT,
Dan Houston/Corp/Enron@Enron, Amy Horton/Corp/Enron@ENRON, Kim
Durham/HOU/ECT@ECT, Theresa R Kotrla/HOU/ECT@ECT
cc:
Subject: Ameren Services Company

Please note the following changes:
Ameren Services Company (ASC)
Assigned its sales agreement to:
Ameren Energy, Inc. as agent (ASC)
(for and on behalf of Union Electric Company d/b/a Ameren UE, Ameren Energy
Marketing Company, and Ameren Energy Generating Company)
Transmission remains with Ameren Services Company


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  [IMAGE] November 16, 2001 [IMAGE]   [IMAGE] Volume IV, Issue 100 [IMAGE]     Email : info@otcjournal.com   URL : http://www.otcjournal.com    To OTC Journal Members:     [IMAGE] Riskless Rebound Portfolio [IMAGE]  Our November 2nd  edition, titled the Riskless Rebound portfolio, continues to climb the charts. As of today's market close, the portfolio as a whole has now appreciated fully 36.75% over a brief two weeks. The Deutshce Bank Alex Brown IPO Endwave Corporation (NASDAQ: ENWV) is leading the way, up 52% from $.84 to $1.28. The company came public on October 17, 2000 at $14 per share, and still has $1.78 per share in cash.   Readers will recall we computed the portfolio would rise 88% if each of the five stocks simply appreciated to the level of cash they had in the bank. Therefore, we believe there is considerably more upside in this group of five stocks.   However, the NASDAQ market has rebounded dramatically off the September 21st lows, and is probably a little ahead of itself. Therefore, we would caution members who are looking for good entry levels to wait for a correction sometime between now and the end of the year before entering or adding to positions. If such a pullback occurs, we will try to help you choose a good entry level.   To view past editions of the OTC Journal in chronological order, put this web address in your favorites: http://listserv.otcjournal.com .       [IMAGE] Energy Power (OTC BB: EYPSF) - September Quarterly Financial Results Strong   [IMAGE]  Short Sellers had to be a little demoralized by corporate performance when Energy Power released it's September (1st Quarter) Financial results on Thursday.   The stock staged a remarkable turn around on Wednesday when the bear assault forced the stock down from nearly $6 to a low of about $4. The stock turned around rapidly, and rebounded back above $5 when the company announced its year end audited results.   The stock continues trading over 1 million shares per day, which is historically unprecedented. The volume needs to quiet in order to identify a true support level for the stock. In the interim, based on historical trading patterns, that the next massive volume surge will take the stock above the $6 level. Members who chose to take profits when the stock traded above our target price of $5.60 should look to re-enter.   Another bear assault on the stock might be just such an opportunity. If the stock drops dramatically again as the result of another smear campaign we will get the word out as quickly as possible.   In the interim, shareholders should be heartened by September quarterly financial results, which are as follows:   Consolidated revenues were $5.5 million, up from $4.5 million last year (up 22%). Consolidated gross profits were $1 million, up from $.70 million last year (up 43%). Consolidated EBITDA profits were $.6 million, up from $.1 million last year (up 500%). Consolidated profits were $.40 million, up from a loss of $.1 last year. Earnings Per Share were $.05, up from a loss of $.07 last year. all figures in Canadian Dollars  Improved financial results were attributed to revenue flow from the newly formed Oil and Gas Division, combined with increasing business at the Engineering and Offshore Division. The company's decision to take massive voluntary write downs of assets last year also positions the company for increasing profits going forward. Click Here  to read the entire news release on their quarterly results.   The September quarterly financial performance is outstanding and should serve to reassure long term shareholders that management is performing. We expect the September quarter to be the first in a series of ongoing reports of growth in revenues and profits.     [IMAGE] XMLG Global Technologies (OTC BB: XMLG) Turn Around in its Infancy [IMAGE]  [IMAGE]  The recent dramatic rise in the price of XML Global, one of our featured companies for 2001, has finally quieted, setting the stage for another surge to the upside. XML Global is a leading software company developing tools for the revolutionary new XML programming language which is widely viewed as the "Holy Grail" of ecommerce.   Despite the most challenging climate imaginable for a B to B middleware company, evidence is building that XML Global's fortunes are turning back up. After making a 300% move in five trading days, the stock has pulled back a little and quieted down, providing an excellent entry level for investors looking for powerful turn around situations in the speculative end of the market.   Recent corporate developments support the notion that now is the time to accumulate this stock. Since the beginning of November the company has announced three major new contracts- One with the city of Vancouver, one with the Canadian Federal Government, and one with HomeSource Capital.    The OTC Journal believes the HomeSource Capital contract to be the most important. XML is viewed by many as the future of interserver communication between corporate computer systems. Corporate expansion has slowed to a crawl during this recession, but as soon as IT spending picks up XML Global is positioned to grab a significant market share.   While most large corporations are embroiled in a bottoming business cycle, home finance companies are booming in a strong refinance market fueled by low interest rates. The HomeSource Capital contract suggests many other companies will use XML Global software as the business climate improves. Click Here  to read the entire text of the HomeSource contract.   While there is some risk of a slight pullback in this stock as a result of year end tax selling, we believe now is the time for bargain basement shoppers. The company is gaining the momentum we thought they would have before the recession, and as business turns up there is no telling where this company could go. If you want to own a $.35 stock that has a good chance of going back to $1, here's your opportunity.   Charts Provided Courtesy Of TradePortal.com    The OTC Journal is a proud partner of the SwingWire.com Online Investment Community . A next generation Online Analyst Exchange providing Members the ability to search, review, track and monitor some of the Internet's best Online CAs (CyberAnalysts). Members have the opportunity to potentially achieve higher returns by viewing top performing portfolios and receiving real-time alerts from favorite CAs.    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Likewise, this newsletter is owned by MarketByte, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication.   Click Here  to view our compensation on every company we have ever covered, or visit the following web address:  http://www.otcjournal.com/disclaimer.html  for our full profiles and http://www.otcjournal.com/trading-alerts/disclaimer.html  for Trading Alerts.   MarketByte LLC has been paid the following fee by XML Global for a year of representation: $100,000 cash, 60,000 shares of free trading stock, 60,000 shares of restricted stock, and 60,000 options exercisable at $2. The 60,000 shares of free trading stock have been contributed by a third party on behalf of the company. MarketByte LLC has been paid a fee of 125,000 shares of free trading stock of Energy Power Systems Limited for representing the company for one year. The fee has been paid by Fieldston Traders LTD acting on behalf of the company. Please review our policy on selling shares found within our Mission Statement at our home page.   All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.   The editor, members of the editor's family, and/or entities with which they are affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication.   The profiles, critiques, and other editorial content of the OTCjournal.com may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein.   THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF OTCjournal.com.   We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. 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Can we find the same flight during the week below?
----- Forwarded by Tana Jones/HOU/ECT on 02/14/2001 09:42 AM -----

	Peter Keohane
	02/14/2001 09:42 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Trip - OOPS!

Monday Mar. 12 - Sunday Mar. 18 works. (I hope - I'm kinda lousy at dates.)

From: Tana Jones on 02/14/2001 09:07 AM CST
To: Peter Keohane/CAL/ECT@ECT
cc:
Subject: Re: Trip - OOPS!

A week later?

	Peter Keohane
	02/13/2001 07:21 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Trip - OOPS!

I have a problem with the dates.  Saturday March 10th I planned to take you
out to the Mountains (Banff/Lake Louise) and then we could have had dinner
with my family at my house, or whatever, but Fiona points out that her
closest friend is getting married Saturday the 10th and we are somehow
integral to the process.  Can you change arrangements by a week or whatever?
I hope it is not too late.

Peter.


We seem to be getting alot of questions about the name changes of the various
Enserch/TXU entities, so attached  is a comprehensive list.  A copy of the
notice will be sent to the usual suspects.


Attached are the Global Counterparty set ups and sign-offs for Clickpaper
10-13-00, with GCP amendments in RED

Adnan Patel
.

Walter Guidroz
10/15/2000 12:53 PM
To: Camille Gerard/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT,
Paul Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Stacey Richardson/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Walter
Guidroz/NA/Enron@Enron
cc:
Subject: ClickPaper counterparty approvals, 10-13-00

Attached are new ClickPaper counterparty approvals for 10-13-00.  I tried to
get these out on Friday afternoon but Lotus Notes was down for everyone in
our group...

Walter


Larry, this is a potential issue, at least from an accounting perspective.
The total dollar amount for 1999 Expense in the ET&S Albuquerque Region is
$345,000 (excluding Gomez, Bell Lake, & N. Crawar remediation projects which
are accounted for separately due to sale agreements). This amount is not
allocated for specific projects but includes all environmental O&M costs for
the region. As it is, this amount may not be sufficient to cover costs for
the ongoing Expense projects, including: Thoreau Lease Payment, Roswell
Remediation, WT-1 Dehy Area Remediation, WT-1 Pit Area Remediation, Eunice
Monitoring, & Puckett Monitoring. The Albuquerque Region 1999 Capital budget
for remediation projects is about $270,000; this includes: Thoreau
Remediation, Laguna Groundwater Remediation, Lockridge Remediation, and
Atoka-1 Remediation. If the capital projects are rolled into O&M, the O&M
budget will be far too insufficient. A related issue is concerning the
allocated AFUDC costs. These costs will add about $60,000 to the Thoreau
Remediation project cost and about $10,000 to each of the Laguna and Atoka-1
Remediation projects. These costs were not budgeted for because I was under
the assumption that new work orders would be issued for 1999, in which case,
AFUDC costs would only be allocated based on 1999 spending charged to the new
work orders. New work orders were not issued and the 1999 budgeted amount for
the Thoreau Remediation of $78,000 can not possibly absorb the anticipated
AFUDC costs.

I will keep you posted of any further developments. Thanks, George

---------------------- Forwarded by George Robinson/OTS/Enron on 05/03/99
10:11 AM ---------------------------

Vera Jones
05/03/99 09:38 AM
To: George Robinson/OTS/Enron@Enron
cc: Earl Chanley/ET&S/Enron@Enron
Subject: AFUDC on Remediation Projects

George,
This whole deal is still up in the air.  When I brought up the subject of
AFUDC to Property Accounting, they started questioning whether these
particular projects qualify to be "CAPITAL" at all.  I discussed the matter
with Dan Pribble and he says to leave them as capital as long as I can but
Property Accounting is going to want some real substantial justification
before long for continuing to carry them in their arena.

And, if we end up having to dump a substantial portion of the total costs in
all 5 of the current workorders to O&M, that will really kill the O&M budgets
of the affected Teams.

So, don't do anything different from what you have been doing until we tell
you different.

Thanks.


A conference call has been arranged for Thursday, December 14 at 2:30 pm
Eastern Standard Time so that credit managers can discuss their comments
regarding Bill McCoy's draft collateral annex (attached).  Please dial in at
800/860-2442 and reference the EEI-Katz conference call.

 - EEI Collateral Annex version 2 .doc


Robert,

This is to confirm the meeting on March the 20th at 9:00 a.m. Enron will be
represented by
Bill Bradford, Bryan Seyfried,,Vasant Shanbhogue and myself.

Could you, please, advise me what is the best hotel where we could stay
overnight,
close to your location?

Vince Kaminski
ENRON  Corp.
1400 Smith Street, Room 1962
Houston, TX 77251-1188
Phone: (713) 853 3848
Fax  :     (713) 646 2503
E-mail: vkamins@enron.com


It's strarting.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 10/31/2000
08:37 AM ---------------------------
Beth Perlman @ ECT   10/31/2000 08:29 AM

To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Enron Direct Systems for Canada

John,

Just to keep you in the loop.  I've been asked to assist with this effort.  I
am more than happy to do so.  I'm going to use consultants and charge it
directly to Enron Canada.

Beth

----- Forwarded by Beth Perlman/HOU/ECT on 10/31/2000 08:27 AM -----

	David Pope
	10/30/2000 05:27 PM

		 To: Mark Pickering/LON/ECT@ECT, Beth Perlman/HOU/ECT@ECT
		 cc: Charlie Crossley Cooke/LON/ECT@ECT, Daniel Maitland/LON/ECT@ECT, Rob
Milnthorp/CAL/ECT@ECT
		 Subject: Enron Direct Systems for Canada

Mark and Beth;

Further to our discussions, I have followed up with Beth to talk about
resources to build the Enron Canada retail business.  She has suggested the
we use Cap Gemini to help convert Daniel's systems for the Canadian
business.  I have also given Beth a name of a systems guy that came
recommended that would be an employee here to help translate the differences
in the markets and would ultimately be the Dan Maitland of Canada to look
after the product as we build the business.

I think that it would be very helpful to have Daniel involved in the scoping
due to his familiarity with the systems and the settlement requirements with
the wires and pipes companies.  If Daniel could direct the development out of
London, that would be great as well.  I heard that he did a great job on the
Spanish effort.

Dave Delainey and John Lavorato are supportive of building this business here
and the Canadian president(Rob Milnthorp) is also keen to grow this
business.  I think that we can be much more effective using the UK systems
than trying to build our own from scratch.  I would rather build this without
looking to the EES IT resources out of Houston, as I believe that we will be
more successful importing the latest ED systems and modifying them for this
market in time for market opening--just 2 months away.

I really appreciate your help on this, and hope that we can work together to
deliver another success to Enron as a whole.  I'm sure glad that I know you
guys as I know that I will end up with a product that works for us.  Don't
worry, I will not try any coding myself.

Best regards to you both, and I hope you are staying DRY in wet old London
Mark.

Cheers,

Dave


We are meeting at Chuy's at 7:00 tonight to celebrate Tim's 30th Birthday!
Be there or be square


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   Word of the Day for Wednesday April 3, 2002:

   probity \PRO-buh-tee\, noun:
   Complete and confirmed integrity; uprightness.

     Unless  some  light  is  shed  on  shady  dealings and some
     probity  restored,  more  young  lives will be blighted and
     careers choked off.
     --Norman Lebrecht, [1]Who Killed Classical Music?

     To  suggest  that  this  exemplar  of financial probity was
     enriching  himself  at public expense was to shake the very
     foundations of the new Republic.
     --William Safire, [2]Scandalmonger
     _________________________________________________________

   Probity  is  from Latin probitas, from probus, "good, upright,
   virtuous."

References

   1. http://www.amazon.com/exec/obidos/ASIN/1559724153/ref%3Dnosim/lexico
   2. http://www.amazon.com/exec/obidos/ASIN/0156013231/ref%3Dnosim/lexico

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Eric,
      I thought you had talked to Susan about covering for Julie on Friday afternoons.  She needs to know that "covering" means she needs to stay beyond 3:40 (at least until close of business), which is when she rushed out on Friday.  I had phones shifted over to Audrey after I got a call from Cindy looking to find Julie or me.  If you haven't talked with her, I will I'd you'd prefer.

Dan


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
12:14 PM ---------------------------
To: <cbpres@austin.rr.com>
cc:
Subject: Re: SM134

George,

Here is a spreadsheet that illustrates the payout of investment and builders
profit.  Check my math, but it looks like all the builders profit would be
recouped in the first year of operation.  At permanent financing $1.1 would
be paid, leaving only .3 to pay out in the 1st year.

Since almost 80% of builders profit is repaid at the same time as the
investment, I feel the 65/35 is a fair split.  However, as I mentioned
earlier, I think we should negotiate to layer on additional equity to you as
part of the construction contract.

Just to begin the brainstorming on what a construction agreement might look
like here are a few ideas:

 1.  Fixed construction profit of $1.4 million.  Builder doesn't benefit from
higher cost, rather suffers as an equity holder.

 2.  +5% equity for meeting time and costs in original plan ($51/sq ft, phase
1 complete in November)
      +5% equity for under budget and ahead of schedule
      -5% equity for over budget and behind schedule

This way if things go according to plan the final split would be 60/40, but
could be as favorable as 55/45.  I realize that what is budget and schedule
must be discussed and agreed upon.

Feel free to call me at home (713)463-8626

Phillip


Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net

----- Forwarded by Brian Hoskins/Enron Communications on 12/07/00 03:57 PM
-----

	Allison Easton@EES
	12/07/00 03:49 PM

		 To: Brian Hoskins/Enron Communications@Enron Communications
		 cc:
		 Subject: Fwd: The intent of the voter is unclear

 - winner.jpg


Could you please email me the names of the officers of Enrow MW, LLC?

Thanks,

Kay


Attached is a draft memo to ENA Employees regarding the Email Retention
Policy.  Please review and provide me with any comments.

Thanks
Richard


bought  25mw OffPk  Cal2005 Nepool PTF  $37.50
bought  50mw OffPk  Cal2002 Nepool PTF  $42.50
sold  25mw OffPk  Cal2003 Nepool PTF  $37.00
bought  50mw OnPk  June-01  ERCOT   $62.50
sold  50mw OnPk  April-01  NY Zone G  $53.00
bought  50mw OnPk  Cal2002 NY Zone G  $60.00
sold  50mw OnPk  April-01  NY Zone G  $52.00


Please see below and forward a credit worksheet for WPS.  Thanks.

DP

 -----Original Message-----
From: 	Anderson, Bridgette
Sent:	Thursday, August 02, 2001 2:30 PM
To:	Dickson, Stacy E.; Hodge, Jeffrey T.; Perlingiere, Debra
Subject:	GTC's over 6 months

  I have created the following GTC's with a Primary Term over six months.

Counterparty:  WPS Energy Services, Inc.
Enron Entity:  ENA
Sitara# : 939307
Tagg# :  VQ5525.1
Desk:  Central
Term:  1/1/02 - 3/31/03
Global #:  96063549 - GTC Sale Firm

Counterparty:  WPS Energy Services, Inc.
Enron Entity:  ENA
Sitara# : 939345
Tagg# :  VQ5549.1
Desk:  Central
Term:  1/1/02 - 3/31/03
Global #:  96063550 - GTC Sale Firm

Counterparty:  WPS Energy Services, Inc.
Enron Entity:  ENA
Sitara# : 939354
Tagg# :  VQ5555.1
Desk:  Central
Term:  4/1/03 - 3/31/04
Global #:  960635519 - GTC Sale Firm

Thank You,

Bridgette Anderson
ENW_Global Contracts
Phone:  713-853-3818
Fax:       713-646-2495
bridgette.anderson@enron.com


Jeff

Could you please review this.  PG&E is using our indecision on whether or not
to carry their work on our CEQA filing, to hold up the Detailed Study.

Thanks

Rob Cone

Project Manager
Enron Energy Services
12647 Alcosta Blvd., Suite 500
San Ramon, CA 94583
Ph:925.543.3701, Fax:925.543.3550
Pager:888.397.5826

-----Original Message-----
From: "Kinert, Robert" <RCK3@pge.com>@ENRON@EES
Sent: Wednesday, December 15, 1999 10:52 PM
To: "'Dick Smith'" <dicks@csufresno.edu>@ENRON@EES; Cone, Rob
Cc: "Fantz, Donald" <DIF1@pge.com>@ENRON@EES; "Hagen, John H"
<JHH4@pge.com>@ENRON@EES; "Colicchia, Rocco" <RJC9@pge.com>@ENRON@EES;
"Raymond, Galen" <GLR3@pge.com>@ENRON@EES
Subject: URGENT- CSUF Interconnection Study and CEQA

 Dick and Rob:
Clearly, all of us at PG&E, CSUF and Enron want the Detailed Interconnection
Study for CSUF finalized and released as soon as possible.  Given your
project's time line it is important for us to avoid any unnecessary delays.
There are several critical path issues related to CEQA that urgently need to
be resolved.  In particular, we were very concerned to learn a few days ago
from Enron that CSUF has not made a decision about including our
interconnection work in its CEQA process.  That decision has a very
substantial impact on our work, and in particular jeopardizes our ability to
even begin our work by October 2000, much less complete it by then.
From the outset of this project we have indicated we were assuming CSUF
would include PG&E's portion of the work in your CEQA filings.  As we
explained back in February, doing so greatly reduces both the time and cost
to comply with General Order 131-D, which governs CPUC CEQA review of PG&E
transmission projects.  At our November 15, 1999 meeting we tried to
reinforce the need to include PG&E's work in CSUF's CEQA process.
While the CEQA issue has been an ongoing topic of discussion with this
project, it may be helpful to summarize for you here.  In brief, if the work
to be performed by PG&E is included as part of the CEQA review of a larger
project, under General Order 131-D the lead agency is responsible for
conducting an environmental review to ensure that CEQA requirements are met,
including assessment of the impacts of work to be performed by PG&E.  Once
that CEQA process is complete PG&E can request an exemption from the CPUC
based on the environmental review completed by the lead agency.  It usually
only takes a few months for the CPUC to grant such an exemption.
By contrast, if you do not include PG&E's work in your CEQA process, we
would be required to file a PTC (Permit To Construct) with the CPUC.  This
process can take 12 to 18 months or more to complete, depending upon the
complexity and protests of the project, would typically add $300,000 or more
to the costs, and, most important, would preclude project completion by
CSUF's desired date of October, 2000.
I can not over emphasize the need to move forward on the CEQA issue.  Even
if the work performed by PG&E is included as part of CSUF's CEQA filing for
the substation project and PG&E requests an exemption from the CPUC as
discussed above,  the time frame and outcomes for the CEQA process are
uncertain because formal CPUC review and approval of our request for
exemption is still required.  Part of this CPUC review will require public
notice of the project.  If the exemption request is unchallenged, approval
of the exemption will be granted within approximately 40 days of the filing.
This is a best case estimate.  If the exemption request is challenged by the
public, the CPUC will evaluate the validity of the protest pursuant to G.O.
131D regulations.  If the CPUC finds that PG&E has appropriately applied the
exemption criteria to the project, then the CPUC will grant the exemption.
However, should the exemption request be denied, the CPUC could subsequently
direct PG&E to file for a Permit To Construct or provide the information or
mitigation needed to resolve the public protest (including the possibility
of requiring undergrounding of facilities, which as you know would be at
CSUF's expense).  As discussed above, the process of obtaining a Permit To
Construct could take 12 - 18 months or more and substantially delay the
project.
As with the Informational Review provided last February, we are preparing
our Detailed Interconnection Study with the understanding that CSUF will
include PG&E's work in its CEQA process.  If CSUF chooses to not include
PG&E's work in its CEQA process, then PG&E would need to revise the study in
terms of scope and costs before it can be finalized and released.
We want to work with you to make this project a success but we need your
help to do so.  Please let us know how you would like to proceed.  We are
prepared to release the study, based on the understanding that CSUF will
include PG&E's work in its CEQA process, within the next three to four
business days.
Sincerely,
Bob Kinert


I agree with Howard but we have some additional information about the PX's
attitude towards the FERC proceding vis-a-vis the bankrupty court which we
will  relate at 3.  Pleading needs to be revised on settlement judge point
at a minimum.

-----Original Message-----
From: Howard Shapiro [mailto:HES@vnf.com]
Sent: March 12, 2001 12:25 PM
To: nolan.steiner@avistacorp.com; dvermillion@avistaenergy.com;
asettanni@bracepatt.com; dwatkiss@bracepatt.com; kcurry@bracepatt.com;
rcarroll@bracepatt.com; gfergus@brobeck.com;
andrzej_kabarowski@cargill.com; phillip_fantle@cargill.com;
psteel@coral-energy.com; psteele@coral-energy.com;
rreilley@coral-energy.com; elizabeth.sager@enron.com;
mary.hain@enron.com; richard.b.sanders@enron.com; smara@enron.com;
snovose@enron.com; sstack@enron.com; jfrizzell@gibbs-bruns.com;
sbishop@gibbs-bruns.com; gerspamer@mofo.com; kirvin@mofo.com;
kzeitlin@mofo.com; rloeffler@mofo.com; jmcgrane@morganlewis.com;
mgriffen@morganlewis.com; bcurrey@omm.com; jstamper@omm.com;
mawilliams@omm.com; john.fryer@pacificorp.com;
nancy.loftin@pinnaclewest.com; Timothy.Bolden@pinnaclewest.com;
dmperlman@powersrc.com; rosteen@powersrc.com; hao@quinnemanuel.com;
dgarber@sempra.com; wdsmith@sempra.com; rbeitler@sempratrading.com;
paramfjord@stoel.com; rcjosephson@stoel.com; SJkaplan@stoel.com;
mbrosterman@stroock.com; mgoldstein@stroock.com; pjazayeri@stroock.com;
theftler@stroock.com; ayudkowsky@strook.com; Cheryl Feik Ryan; Gary
Bachman; Julie Richardson
Subject: Re: Response to PX Answer to Chargeback Complaint

Thanks for the draft.  We are informed that the PX has filed in Chapter 11.
It may argue that FERC's proceedings fall within the automatic stay, and
that even if they don't, the accounting we are proposing inappropriately
overlaps the role of the bankruptcy court.

============================================================================

This message contains information which may be confidential and privileged.
Unless you are the addressee (or authorized to receive for the addressee),
you may not use, copy or disclose to anyone the message or any information
contained in the message.  If you have received the message in error, please
advise the sender by reply e-mail @mofo.com, and delete the message.
Thank you very much.

============================================================================


Hi Sara and Stephanie,

 It is my understanding that the paralegals working on the brokerage accounts
are to (1) send documents to counterparties; (2) track their return and (3)
keep the fully executed documents received from counterparties in the file
cabinet next to Stephanie's office.

 In light of our being short-staffed in light of Samantha's absence, I have
tried to be helpful to our team by assisting in preparing the documents for
execution & getting some signatures.  I hope that has been helpful.  But once
Stephanie [or whichever legal assistant assumes her role] notes that the
documents have gone out, then that person should track the documents and be
the keeper of records.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/


Section III:

(See attached file: 286647-SECTION 3.doc)

 - 286647-SECTION 3.doc


call me on my cell 713 304 8716


Here's a bit more info.  Don't be scared about the sand fleas.  It's true
they are there, but she said it was easy to avoid them.  Plus, the time of
year we are going is supposed to be better than when she was there.

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From: 	Grant, Jessica [mailto:jgrant@allenmatkins.com]
Sent:	Thursday, October 18, 2001 10:51 AM
To:	'Cameron Sellers'
Subject:	RE: honduras questions...

Pura Vida is in West End which is about 25-30 minutes from the airport and @
20 minutes from Coxen Hole which is the main "city" on the island.
basically, there's a main road that runs around and transverses through the
center of the island.  Coxen Hole is the city (it consists of about 20
1-story buildings which are crammed next to each other alongside the main
dirt road) and it's where travelers go to get cash, and send email from the
Internet Cafe.  West End is where all the dive shops are and the cool
restaurants and bars.
West Bay is about 8 minutes away from West End by water taxi.  It's more
secluded, and hence more romantic, but there's not too much down there.  a
few hotels but that's about it.  so, even though West Bay's beach is better,
i'd still stay in West End because that's where all the action is and it's
much more convenient for diving.  also, you can always take a water taxi
over to West Bay. we did that several times, but i never laid out on the
beach because of the sand fleas.  instead, there's a hotel right on the
beach with a huge pool and we'd sit by the pool and order drinks/food, etc.
:) J

-----Original Message-----
From:	Cameron Sellers [mailto:cameron@perfect.com]
Sent:	Thursday, October 18, 2001 10:43 AM
To:	'Grant, Jessica'
Subject:	RE: honduras questions...

Out of curiosity...where is Pura Vida?

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:	Grant, Jessica [mailto:jgrant@allenmatkins.com]
Sent:	Wednesday, October 17, 2001 5:27 PM
To:	'Cameron Sellers'
Subject:	RE: honduras questions...

there is a party in Tahoe which i've committed to attending...it's being
thrown by one of the guys who did the IMAX Everest movie so should be a lot
of fun (plus a lot of gorgeous guys and not too many gals).  anyway, i might
not leave until saturday so there's a possibility i'll be here friday night.
and, no you don't have to go with me to get into Redwood Room. i can see if
i can put you plus 2 or 3 others on the guest list.  if you think you'll
really go friday night, let me know and i'll try to get you on the list.
as for peter's party, send me the invite if you still have it.  do you think
he's dating anyone.  if not, maybe you could play matchmaker??
;)

-----Original Message-----
From:	Cameron Sellers [mailto:cameron@perfect.com]
Sent:	Wednesday, October 17, 2001 5:21 PM
To:	'Grant, Jessica'
Subject:	RE: honduras questions...

The party is Friday night at his house.  If you want to go I will find the
invite and send it on.  We are probably going to go for a little while at
least.
I wish you were in town this weekend so I could see the Redwood Room - don't
I have to go with you to get in?
My launch party is in Palo Alto - and its really just a bunch of engineers -
its actually a celebration for them.
I found the airport (RTB) and I am looking into flights.  Any chance you
want to go there between xmas and new years??
We are going to Santa Barbara next weekend to visit scottys grandfather.  I
think we  are leaving on Friday.  Why don't you go to tahoe next weekend -
what is so great about this weekend???

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:	Grant, Jessica [mailto:jgrant@allenmatkins.com]
Sent:	Wednesday, October 17, 2001 5:16 PM
To:	'Cameron Sellers'
Subject:	RE: honduras questions...

of course i remember Peter...i sat right next to him on purpose because he
is fucking HOT!  is he dating anyone?  i thought he was really cool.
when/where is his party?  i'm probably going to Tahoe on Friday night.  The
place i had my b-day is the Redwood Room at the Clift Hotel. You should
definitely check it out.  Are you in town next friday night? if so, i could
go with you.  where is your launch party? i will try to stop by after dinner
at Slanted Door.
Roatan is THE place to be in terms of diving in Honduras. There is an
airport there.
TACA airlines is the major carrier throughout Central and South America.
It's by far the most reliable and safe airline, so i'd stick with them.
Let me know if you have any other questions.
love, me
-----Original Message-----
From:	Cameron Sellers [mailto:cameron@perfect.com]
Sent:	Wednesday, October 17, 2001 5:09 PM
To:	'Grant, Jessica'
Subject:	RE: honduras questions...

So, the place you want to be is Roatan.  I found an airport there I think.
I'll see what I can find.  Thanks for the other info.
I can't do poker night next Thursday because we have our company new product
version launch party.  Sounds fun, huh??  You are of course welcome to come
- ha!!
Then, in terms of weeknights, I am busy with my classes until I leave for NY
on the 1st of November (and staying until November 11th - any chance you are
going out there).  Are you around this weekend?  I would love to check out
that room where you had your birthday celebration.  I don't have many plans
this weekend...  There is a party by that guy we met at Stacey's party that
I have stayed in touch with.  Actually Scotty likes him also.  His name is
Peter McNally - do you remember him?

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:	Grant, Jessica [mailto:jgrant@allenmatkins.com]
Sent:	Wednesday, October 17, 2001 4:58 PM
To:	'Cameron Sellers'
Subject:	RE: honduras questions...

hi. depends on which airline you fly.  i flew United to San Salvador, El
Salvador then on Taca Airlines over to Roatan, one of the Bay Islands off
the coast of Honduras.
If you fly on Taca from San Francisco, i don't think you have to go through
San Salvador on the way home.  I would recommend flying Taca because United
is a pain in the ass because the flight from San Salvador leaves at 8:30am
but you can't take an early morning flight off Roatan so you have to leave
the afternoon before and spend the night in San Salvador (about 30 miles
from the airport).
You want to dive at Pura Vida. Ask for Mel, she's awesome.  You can stay at
Pura Vida Hotel (that's where steph stayed) which is literally 25 feet from
the dive shop.  www.puravidaresort.com if i was you, that's where i'd stay
as it's super convenient (adjacent to dive shop, boulangarie, and the
yummiest restaurants).  they also have a driver to take you to and from
airport which is quite a help.  your open water PADI course should be @
$150.  i don't think i'm going there next month as it's too hectic to try
and fly all the way there and back in 4 days.  i'd need at least 5 or 6.
i miss you.  when can we get together? are you up for a ladies' poker night
next thursday?
-----Original Message-----
From:	Cameron Sellers [mailto:cameron@perfect.com]
Sent:	Wednesday, October 17, 2001 4:06 PM
To:	'Jessica Grant'
Subject:	honduras questions...

Where do you fly into for the place in Honduras?  What is the name of the
dive shop?  Who is the person there you like a lot?  Can you remember any of
the hotel names or housing outfits to rent from?  Are you still going next
month?

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)


Heartland Industrial Partners is one issue we did not discuss this morning.  These e-mails summarize the situation.  I have not been able to get resolution yet on who provides the home for this investment.  It doesn't fit ENA.  Bowen doesn't want it in EIM.  EES does not want to invest this kind of capital (although Delainey did ask for some additional information).
---------------------- Forwarded by Richard Lydecker/Corp/Enron on 02/13/2001 03:39 PM ---------------------------

Richard Lydecker
02/12/2001 01:42 PM
To:	David W Delainey/HOU/ECT@ECT
cc:	Brian Redmond/HOU/ECT@ECT

Subject:	RE: Heartland Industrial Partners

With respect to your questions concerning the Heartland Industrial Partners fund and current investments:

Heartland is a private equity buyout fund with $1.2 billion in commitments.  The targeted size of the fund is $2 billion.  The fund is headed by David Stockman, former managing director at The Blackstone group.  Stockman was director of OMB under Reagan.

Heartland's objective is an IRR of 30% gross (26% to the limited partners).  The limiteds get an 8% preferred return after which the GP gets a 20% carried return.  The GP also receives a 1.5% management fee.   In my experience these terms are consistent with most private equity funds.

The fund's objective is to acquire and expand industrial companies "in sectors ripe for consolidation and growth."  These "industrial platform scaleups" are targeted to be in sectors such as aerospace components and materials, automotive suppliers, capital goods, chemicals, plastics conversion, metal working, etc.

The fund has two investments currently:

MascoTech is a merger of three fund companies.  It is a leading global designer and supplier of high quality, low-cost metal formed components, assemblies and modules for the transportation industry.  Products include noise vibration and harshness products, transmission and transfer case components, engine components, wheel end and suspension components, axle driveline components.  Estimated revenues were $1.9 billion in 2001.  The company has 50 facilities in 11 countries.  9,500 employees.

An agreement to purchase Collins & Aikman Corporation was signed in January 2001.  C & A is a leader in automotive floor and acoustic ceilings and a leading supplier of automotive fabric, interior trim and convertible top systems with 2000 sales of $1.9 billion.

The original DASH in April 2000 predicated that "ENA will receive the exclusive right to provide all energy-related products and services to each platform company owned by the fund...ENA will submit a comprehensive, long-term, energy managment plan for each platform company.  HIP will be obligated to accept and implement the plan as long as the plan provides a cost benefit relative to the platform company's current practices after accounting for switching costs.  The expected value of this business to ENA is about $20 - 50 MM."

---------------------- Forwarded by Richard Lydecker/Corp/Enron on 02/12/2001 01:04 PM ---------------------------
From:	Raymond Bowen/ENRON@enronXgate on 02/09/2001 07:04 PM
To:	David W Delainey/HOU/ECT@ECT, Richard Lydecker/Corp/Enron@Enron
cc:	Brian Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ENRON, Jeffrey McMahon/ENRON@enronXgate

Subject:	RE: Heartland Industrial Partners

Dave,

Congrats on your new role.  Heartland Industrial Partners was an investment pursued solely for the purpose of providing deal flow for energy outsourcing opportunities when ENA's Industrial Group was following a broad based energy outsourcing business plan.  It has zero relevance to EIM's business.  In fact, Heartland has been reflected on ENA's balance sheet ever since the creation of EIM last August.  Brad Dunn has administered the relationship as a transitional matter in the intervening months.  Brad has attempted to get EES to take on the transaction, but they have expressed no interest in the capital commitment.  However, EES wants the option to look at the energy outsourcing opportunities in the transaction.  If I thought I could get a free option, I would take the same position.  If Enron is to get anything out of Heartland Industrial Partners beyond the return on our invested dollars, that value will come to EES.  Since there is no paper or steel aspect to Heartland, it doesn't belong in EIM and I don't want it.  I would be happy to discuss.

On a different note, there are lots of opportunities for EES and EIM to work together on (i) energy opportunities in EIM's pulp & paper and steel customer base and on (ii) paper or steel opportunities in EES' client base.  Jeremy Blachman and I had agreed on a revenue sharing plan to incent the groups to cooperate, but I assume you will want to understand it now.  Janet and I talked about it today and she was going to follow up with Jeremy.

Take Care,

Ray
 -----Original Message-----
From: 	Delainey, David
Sent:	Friday, February 09, 2001 6:01 PM
To:	Lydecker, Richard
Cc:	Redmond, Brian; Colwell, Wes; Raymond Bowen/HOU/ECT@ENRON
Subject:	Heartland Industrial Partners

Richard, it is my understanding that this investment is currently in Ray Bowen's business.  In my ENA shoes, I would say we would have no interest in taking on that responsibility.  In my EES shoes, I would like to take a closer look at the possible connections.  Please send me some info on the investment fund and their current investments portfolio.

I have also heard that Tom White has been talking to you about EES taking on the Catalytica investment.  With my EES shoes on, no way!!!!

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001 05:56 PM ---------------------------

Richard Lydecker@ENRON
02/07/2001 09:01 AM
To:	David W Delainey/HOU/ECT@ECT
cc:	Brian Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT
Subject:	Heartland Industrial Partners

Dave, in May 2000 Enron North America committed to invest up to $30 million in Heartland Industrial Partners L.P., a private equity fund.  The terms of the fund investment are fairly typical (and not particularly exciting for a limited partner such as we).  The deal was "sold" on the basis of ENA getting exclusive rights to provide energy management services to companies owned by the fund if these were cost effective.  The claimed benefits for the energy management tie were calculated at $20 - 50 million.  The deal was originated by Brad Dunn who now is in EIM.   Ownership of this commitment had been assigned to Jim Ajello.

The kinds of energy management services associated with this deal are now provided by EES.  While they are happy to exploit any opportunity, their business plan does not contemplate investment substantial capital in this kind of deal.  In short, they have no interest in picking up the commitment (and capital employed) via an intercompany transfer.

Private equity funds such as this are highly illiquid by design and the normal investment cycle is at least 5 - 7 years.  The Heartland partnership has a 10-year life,  Enron did negotiate the right to sell its LP interest after 3 years.  As a practical matter, that right guarantees neither a fair price or even a market.

There is no logical home for this investment that I know of in ENA except in my portfolio.  Question: is this an ENA responsibility or would it move to EIM's balance sheet?  If we (ENA) have no choice but to retain the investment, my group will take responsibility for it and do our best to monetize funds invested to-date (about $6 million) and sell the remaining commitment.  Since the fund itself is still marketing limited partnership interests, however, it will be extremely difficult to get out of our investment/commitment in the foreseeable future.  Under any circumstances finding a buyer will be time-consuming and expensive.  (This is a poster child for "patient" investment capital).

I want to ensure that you are aware of the situation in case your view is that the obligation should be transferred to EIM which I believe has assumed the charter of the ENA group that formerly managed this investment.  Dick.

<Embedded Picture (Device Independent Bitmap)>


Ben,

Keep it to yourself. Don is very sensitive to this report.


- Experiencing God Week 7.doc


Attached for your review and comment is a draft of TW's intervention in the
PG&E Open Season Application docket involving both incremental and existing
capacity. Please give me your comments by noon, tomorrow............Tony


Attached please find the Excel worksheet  that contains responsive information for Northern Border Pipeline Company.  Please let me know if you have any questions.

---------------------- Forwarded by Bambi Heckerman/NPNG/Enron on 03/22/2001 02:49 PM ---------------------------

Ray Neppl
03/22/2001 11:16 AM
To:	Bambi Heckerman/NPNG/Enron@ENRON
cc:

Subject:	FW: Rate Case Request

---------------------- Forwarded by Ray Neppl/NPNG/Enron on 03/22/2001 11:16 AM ---------------------------
From:	Tracy Geaccone/ENRON@enronXgate on 03/22/2001 10:28 AM
To:	Bill Miller(IBEW)/ENRON@enronxgate, Robert Kilmer/ENRON@enronXgate, Ray Neppl/NPNG/Enron@ENRON
cc:

Subject:	FW: Rate Case Request

Please update the attached to be used in the  Enron 2000 Statistical Summary.  Corporate would like this by the end of the day Friday.  Please let me know if you are unable to meet this deadline.

Thanks
Tracy Geaccone

 -----Original Message-----
From: 	Dominguez, Sal
Sent:	Thursday, March 22, 2001 10:24 AM
To:	Geaccone, Tracy
Subject:	Rate Case Request

Tracy,

Please update the rate case segment for the Transportation Services page of the 2000 Statistical Summary which will be posted on our website.  I would ideally like to have this by the end of the day tomorrow, but let me know if you need more time to complete it.

Thanks for your help,
Sal


Thursday, Feb. 22 at 10:00 am Houston time, join Charlene Jackson, managing
director of the Associate/Analyst program, on eSpeak.  Charlene will host an
"open-mike" event to answer your questions about this program.  If you can't
make it to eSpeak for the live event, be sure to pre-submit your question(s)
on the eSpeak site, and then read the transcript later for the answers.

Note:  Please, please, please do not e-mail your questions to the eThink
mailbox.  They must be submitted in the appropriate eSpeak event, or they
won't get answered.

The hits just keep on coming!  Check out the latest ideas in the Idea Vault
-- who knows, maybe one of them will make it into the Enron Xcelerator!
Visit the ThinkBank today and make a deposit or a withdrawal.

Read the latest posting in the Office of the Chairman category.  And, don't
forget:  There's an all-employee meeting on Wednesday, Feb. 21.  Any
questions that don't get answered during the meeting will be addressed on
eMeet.

ethink.enron.com


Wednesday afternoon Febuary 6th, 2002, the Enron building experienced a brief power outage.  The building is powered by one of two Reliant circuits.  Yesterday, while a backup circuit was turned off for nearby construction of the light rail system, the primary circuit failed.  Typically, the backup system would have switch on immediately, but because the backup circuit was off the building's backup generators were activated creating what was perceived by some as smoke.  While there was no fire within the building, many employees quickly evacuated the building through the stairwell.  Given heighten concerns for national security, evacuation was indeed appropriate and we appreciate that employees conducted the evacuation calmly and courteously.

Enron Property & Services Corp


We parked gas (deal 240072) on the 8th and the 9th and we are pulling it out
(deal 240073) on the 10th.  ENA will pay Transco $.055 times the daily
balance.


yea they were doing spoofs on the rules of business.  i'll tell you about it
later.  kind of funny.   however, it took 2 hours for 30 seconds of film

From: Margaret Allen@ENRON on 11/02/2000 08:50 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: NYC rocks

Without me!  I can't believe you...

Just kidding.  What was it for -- the management conference?


In discussions with Ruth Bennett at BPA's Transmission Business Line this
morning I learned that BPA is entertaining imposing a moratorium on ALL new
requests for System Impact Studies and Requests to Reserve Transmission. BPA
indicated they have over 33,000 MW's of such studies and requests in the
queue and are overwhelmed at this point. They have got to put the skids on
this quickly.

On a related matter, BPA does not presently draw a distinction between
connecting small generating units (1-25 MW) from the larger generating
projects. They do understand the importance of allowing small units to get
connected for production as early as this summer. Unfortunately, at this
point they are obligated to take all requests on a first-come, first-serve
basis.

The Washington PUD Association has scheduled a meeting with BPA at SeaTac
this Friday at 2 p.m. to discuss this situation. If anyone on this list wants
to attend that meeting I will get more details. In the mean time, if your
thinking of putting generation on the Northwest Federal transmission Network
any time in the next few years, you should not delay applying to BPA.

Jeff


Candy,

Ann Elizabeth has approved the attached Grazing Lease Amendment.  Please
review the attached Amendment; if you find it acceptable, please let Taffy
Milligan know and she will print and forward executables to you.  Thanks.

Have a good labor day weekend.

Eric Gillaspie
713-345-7667
Enron Building 3886


Well, his name is David Mitchel.  His email is dmitchel@cwt.com (is that the
right company).

Anything else going on?

	Kay Mann@ENRON
	06/07/2001 02:33 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: David Marshall

Could you PLEASE PLEASE call David Marshall and get his email?  I'm on
endless conference calls and need to contact him about a matter.

Thanks,

Kay

PS, not a vacation day


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From: "Mackay, Felicity" <felicity.mackay@intel.com>
To: "Sundstrom, Bjorn S" <bjorn.s.sundstrom@intel.com>,        "Julie Lewis
(E-mail)" <julie.lewis@cmck.com>
Cc: "Sheets, Brian D" <brian.d.sheets@intel.com>,        "Marcin, MelissaX"
<melissax.marcin@intel.com>,        "Michelle Fasching (E-mail)"
<m_fasching@yahoo.com>,        "Kelly, Shane D"
<shane.d.kelly@intel.com>,        "Sven Trautmann (E-mail)"
<sven@globedesign.com>,        "Tim Brenner (E-mail)"
<tim_brenner@mentorg.com>,        "Una Kim (E-mail)"
<unakim1@yahoo.com>,        "Una Maher (E-mail)"
<una_maher@yahoo.com>,        "Dale Parker (E-mail)"
<dparker2@uswest.net>,        "Dibble Erik (E-mail)"
<erikvd@sportsmail.com>,        "Elizah Mayhem (E-mail)"
<lillahmay@aol.com>,        "Julie Lewis (E-mail)"
<julie.lewis@cmck.com>,        "Nir Hamzani (E-mail)"
<nir_h@netvision.ner.il>,        "Diana Fusco (E-mail)" <haus2@hotmail.com>,
      "Doreen Samuel (E-mail)"  <samuelp@cardiff.ac.uk>,        "Tom Gregg
(E-mail)" <tgregg@MAHLUM.com>
Subject:  in-depth answers to an age old question
Date: Mon, 6 Nov 2000 15:37:53 -0800
Return-Receipt-To: "Mackay, Felicity" <felicity.mackay@intel.com>
MIME-Version: 1.0
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Content-Type: text/plain; charset="iso-8859-1"

WHY DID THE CHICKEN CROSS THE ROAD?

VICE PRESIDENT GORE
I fight for the chickens and I am fighting for the chickens right now.
I will not give up on the chickens crossing the road! I will fight for the
chickens and I will not disappoint them.

GOVERNOR GEORGE W. BUSH
I don't believe we need to get the chickens across the road. I say
give the road to the chickens and let them decide when and how they
want to cross the road. The government needs to stop interfering with the
chickens so they can cross the road.

SENATOR LIEBERMAN
I believe that every chicken has the right to worship their God in
their own way. Crossing the road is a spiritual journey and no
chicken should be denied the right to cross the road in their own way.

SECRETARY CHENEY
Chickens are big-time animals because they have wings. They could
fly if they wanted to. Chickens don't want to cross the road. They
don't need help crossing the road. In fact, I'm not interested in crossing
the
road myself.

RALPH NADER
Chickens are misled into believing there is a road by the evil
tiremakers. Chickens aren't ignorant, but our society pays
tiremakers to create the need for these roads and then lures chickens
into believing there is an advantage to crossing them. Down with the
roads, up with chickens.

PAT BUCHANAN
To steal a job from a decent, hardworking American.

JERRY FALWELL
Because the chicken was gay! Isn't it obvious?
Can't you people see the plain truth in front of your face?
The chicken was going to the "other side." That's what "they"
call it-the "other side." Yes, my friends, that chicken is gay.
And, if you eat that chicken, you will become gay too. I say we
boycott all chickens until we sort out this abomination that the
liberal media whitewashes with seemingly harmless phrases like "the
other side," That chicken should not be free to cross the road. It's as
plain and simple as that.

DR. SEUSS
Did the chicken cross the road?
Did he cross it with a toad?
Yes! The chicken crossed the road,
but why it crossed, I've not been told!

ERNEST HEMINGWAY
To die. In the rain.

MARTIN LUTHER KING, JR.
I envision a world where all chickens will be free to
cross without having their motives called into question.

GRANDPA
In my day, we didn't ask why the chicken crossed the
road. Someone told us that the chicken crossed the road,
and that was good enough for us.

ARISTOTLE
It is the nature of chickens to cross the road.

KARL MARX
It was a historical inevitability.

SADDAM HUSSEIN
This was an unprovoked act of rebellion and we were
quite justified in dropping 50 tons of nerve gas on it.

RONALD REAGAN
What chicken?

CAPTAIN JAMES T. KIRK
To boldly go where no chicken has gone before.

FOX MULDER
You saw it cross the road with your own eyes. How
many more chickens have to cross before you believe it?

FREUD
The fact that you are at all concerned that the
chicken crossed the road reveals your underlying sexual
insecurity.

BILL GATES
I have just released Echicken 2000, which will not
only cross roads, but will lay eggs, file your important
documents, and balance your checkbook -and Internet Explorer is
an inextricable part of eChicken.

EINSTEIN
Did the chicken really cross the road or did the road
move beneath the chicken?

BILL CLINTON
I did not cross the road with THAT chicken. What do
you mean by "chicken"? Could you define "chicken" please?

GEORGE BUSH
I don't think I should have to answer that question.

LOUIS FARRAKHAN
The Road, you will see, represents the black man. The
chicken crossed the "black man" in order to trample him and
keep him down.

COLONEL SANDERS
I missed one?


John please see if the following staff are interested in joining one of our, MW, SE, Ercot or NE hourly groups. Please note that there will be shift work involved.  To speed things up you can have them drop by to see me before they interview..

EBS
Sanjay Konur - Assoc
Hector Alviar -Analyst
Jeremy Buss -Assoc
David Maskell - Assoc
Sarah Goodpastor - Assoc
Danielle Saadia - Assoc
Justyn Thompson - Analyst
Chalres Seely - Daniel Ferrell

When they are ready please arrange for interviews by the following staff: Interviewers are Mark Dana Davis, Paul Thomas, John Forney, Don Baughman and Juan Hernandez.  Before an offer is given to the above staff Kevin Presto would like to do a final interview.

Please also arrange for a interview of Sanjay Gupta from Networks. Interviewers are Mark Dana Davis, John Forney, Don Baughman, Juan Hernandez and Kevin Presto.


NUG?

-----Original Message-----
From: Kitchen, Louise
Sent: Sunday, September 23, 2001 9:12 PM
To: Lavorato, John
Subject: RE:

With Luce - not Shively (he'd gone).  They are all upset by Jean's approach, nothing to do with John Grass at all.  I think we move on NUG and worry about the way forward for Jean when we have our gas meeting - the origination heads plus Hunter and Arnold.

I think both her and Hunter feel that Jean is saying they do not know how to do their own jobs - eg managing Peoples.  Apparently there have been a few conversations between Jean and Origination/Trading Group heads but not Laura.

She fully agreed we want to keep Grass.

-----Original Message-----
From: Lavorato, John
Sent: Sunday, September 23, 2001 7:03 PM
To: Kitchen, Louise
Subject:

did you chat with luce and shively


Start Date: 12/23/01; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122315.txt


FYI
-----Original Message-----
From: Baird, Bob
Sent: Wednesday, December 06, 2000 3:51 PM
To: All Attorneys - Domestic; All Attorneys - International
Subject: New CFTC Rules under the CFTC's "New Regulatory Framework"

Summary of Email

This email discusses (1) the impact of the new rules on existing and pending
swap transactions or other derivatives, (2) the new exemption for bilateral
contracts, which replaces the swaps exemption and (3) some open questions
relating to furnishing of guarantees or other credit support for
transactions that rely on the new exemption for bilateral contracts.

As you know, on November 22, 2000 the Commodity Futures Trading Commission
(CFTC) approved final rules that will implement a "new regulatory
framework."  The new rules will become effective 60 days after their
publication in the Federal Register, which has not yet occurred.  Beth Ann
Dranguet and I are monitoring that publication date and will update you with
the effective date of the new rules as soon as we know it.

Existing and Pending Transactions.  Until the effective date of the new
rules, no changes are necessary to any swap or other derivative transaction
closed before the effective date.  All non-exempt, off-exchange futures
contracts remain illegal until the new rules take effect.  The new rules
will in no way call into question any transaction undertaken before they
become effective.

Swaps and Other Derivatives Under the New Rules.  Once the new rules become
effective, the swaps exemption will be replaced by the new Exemption for
Bilateral Transactions (attached).  Bilateral contracts can include any
contract that is either individually negotiated or traded on a facility
where a single party deals with multiple other parties (e.g. EnronOnline).
Thus, for the first time futures contracts can be traded over-the-counter.

Eligibility.   Only Eligible Participants can take advantage of the
Exemption for Bilateral Contracts.  The representation commonly made as to
"Eligible Swap Participant" status should be changed to refer to status as
an "Eligible Participant."  Under contracts covered by the new rule, each
party should represent that:

"It constitutes an "eligible participant" as such term is defined under the
regulations of the Commodity Futures Trading Commission, currently at 17
C.F.R. ?35.1(b)."

Since virtually every existing ISDA master agreement has the eligible swap
participant representation, confirmations for new transactions under old
ISDAs should include the eligible participant representation.

Differences between Eligible Participant and Eligible Swap Participant.  The
definition of "eligible participant" has changed slightly from the "eligible
swap participant"  definition.  Under the new rules:

1.      Any eligible participant can trade for its own account or through
another eligible participant.  This was previously permitted only by banks
and trust companies.
2.      In addition to banks and trust companies, a "foreign bank or a
branch or agency of a foreign bank (as defined in section 1(b) of the
International Bank Act of 1978 (12 U.S.C. ?3101(b))" is included as an
eligible participant.
3.      The category for insurance companies has changed to "an insurance
company that is regulated by a State or that is regulated by a foreign
government and is subject to comparable regulation (including a regulated
subsidiary or affiliate of such an insurance company)."
4.      Investment companies must have total assets exceeding $5 million to
be eligible.

Clearing.  To qualify for the Exemption for Bilateral Transactions, a
contract must be cleared through an authorized clearing organization if the
contract is "cleared."  Unfortunately, the CFTC does not define what it
means to be "cleared."  It does define the term "clearing organization" as
any person that provides a credit enhancement function in connection with
the netting and/or settling of payments and payment obligations.  This
definition is so broad and vague that it could be read to say that any
person who furnishes ordinary credit enhancement tools, such as a corporate
parent's guarantee of a subsidiary's swap transactions, must be an
authorized clearing organization in order for the transactions to be
eligible for the Exemption for Bilateral Contracts.  This is something that
may need to be clarified by the CFTC, because surely the CFTC did not mean
to cover ordinary parent or affiliate guarantees.

Authorized clearinghouses are:

1.      a recognized clearing organization (i.e. registered as such with the
CFTC);
2.      a securities clearing agency subject to SEC supervision;
3.      a clearing system organized as a bank or Edge Act corporation
subject to jurisdiction under the Federal Reserve or Comptroller of the
Currency; or
4.      a foreign clearing organization subject to similar regulation.

Perhaps one way to get around the problem is to rely on the Swaps Policy
Statement, which the CFTC has left untouched and has now adopted as a rule.
One of the Swaps Policy Statement requirements is the absence of a clearing
organization or margin system, but in explaining what it means by that it
states that "The ability to impose individualized credit enhancement
requirements to secure either changes in the credit risk of a counterparty
or increases in the credit exposure between two counterparties . . . would
not be affected."  Clearly individualized credit enhancements, such as a
corporate parent's guarantees, are permitted for transactions relying on the
Swaps Policy Statement.

I must confess that I am not sure we have wrestled this issue to ground, but
we do have some more time to study the rules before they take effect.  I
will keep you posted and let you know if we run this issue to ground in a
way that is more satisfactory.

MTEFs and DTFs.  We are still studying the rules for Exempt Multilateral
Transaction Execution Facilities (MTEFs) and for Derivative Transaction
Facilities (DTFs) and will provide you with more information at a later
date.

  http://www.cftc.gov/opa/RegframeworkPart35Bilateraltrans.pdf
<http://www.cftc.gov/opa/RegframeworkPart35Bilateraltrans.pdf>

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You
 <<RegframeworkPart35Bilateraltrans.pdf.url>>

 - RegframeworkPart35Bilateraltrans.pdf.url


Kay - I have asked Dale to get with you and Lisa Bills to arrange a meeting
in Houston to have a sit down and get this bugger done.  I propose Thursday
or Friday of next week.  The same would go for ABB.  Let me know what Dale
has arranged, and what you think of the idea.  The basic concept is to get in
a room for 1-2 hours, and get this document done.  I'll let you guys decide
on Peter Thompson or whatever is to be used for outside legal.

Regards

Bill Williams
 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 22, 2001 11:39 AM
To: Williams, Bill; Rasmussen, Dale
Subject: turbine torture

Hi there,

I need to get with Lee Johnson on another deal, and I know he will ask about
LV CoGen.  Anything I should tell him?

Thanks,

Kay


Looks like there may have been a little confusion here, but it appears that the deal is still working as before.

 -----Original Message-----
From: 	Clayton, Lawrence
Sent:	Tuesday, October 30, 2001 1:53 PM
To:	Hayslett, Rod
Subject:	Producers requesting L/Cs

Rod, I am very concerned about the statement that Enron cannot get any added LCs' issued.  This may be a disclosue event for us.  I think we need this retracted and for Enron to affirm there ability to perform under our facility.  Your thoughts?
----- Forwarded by Lawrence Clayton/Houston/Eott on 10/30/2001 01:49 PM -----

	Josie Castrejana 10/30/2001 11:19 AM 	   To: Lawrence Clayton/Houston/Eott@Eott  cc:   Subject: Producers requesting L/Cs

We have the following new requests for L/Cs to cover our lease purchases.  They are requesting L/Cs because of the Enron situation.  I've spoken with some of them and they just won't budge.

1.  Newfield Exploration		$3MM   	to cover Oct & Nov
2.  J. Cleo Thompson		$1.8MM to cover Oct & Nov
3.  Apache Corp.		$700K     to cover Nov
4.  W. C. Miller			$175K     to cover Nov

I've already spoken to Jesse Mata at Enron and she is telling me she cannot get any L/Cs issued - their banks are not allowing it.   I've got a call into Jack Insigna at Standard Chartered to see if they would be willing to EOTT's L/Cs.  He's checking.

We could prepay Apache - they are obviously not a credit risk.  the others i'm not sure about - we're checking their credit.

let me know about how much you're willing to with Enron.  thanks.  jc


Marc, I have left a voice mail message for Ken regarding this and have asked him to call either me or you if he needs any additional information. I look forward to seeing you at the conference.  All the best.  Jim

 -----Original Message-----
From: 	Marc Manly/HOU/NewPower@NEWPOWER [mailto:IMCEANOTES-Marc+20Manly_HOU_NewPower+40NEWPOWER@ENRON.com]
Sent:	Thursday, March 29, 2001 11:19 AM
To:	Derrick Jr., James
Cc:	Overturf, Elaine
Subject:	NewPower Proxy disclosure

Jim:

	A heads-up.  Following up on our conversation last month about Ken Lay's untimely Form 4 filings, it is an item required to be disclosed in our annual Proxy.  As required by the rules, we have so disclosed it under "Section 16(a) Beneficial Ownership Reporting Compliance" at page 17 of the draft Proxy distributed to the Board members earlier this week.  Presumably the notation that Ken has since filed the reports will make this a non-event and a mere technical violation, which, based on my review of other proxies, appears to be a common occurrence.    I leave it to you whether you wish to bring the required disclosure to Ken's attention.

	I trust that all is going well otherwise.  I look forward to seeing you at the upcoming Enron Law conference.  I am slotted to speak to the group on Friday.  I may have a problem with joining you for the General Counsel meeting on the 2nd in that I have "required attendance Lockhart staff meeting" starting early the next day in Purchase.

                                                                                Marc


IEP handed this out to the Legislature and the capitol press corps today'

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


Upon high demand, I have scheduled two free Lexis-Nexis classes for all Legal in Houston.  The classes will be held in EB48C2 on Thursday, 7/26.  Lexis will provide lunch.  Please R.S.V.P. to Sylvia Hu (sylvia.hu@enron.com or x36775) by Wed. 7/25 Noon.

I distribute this announcment via BCC to everyone in Legal/Government Affairs.  Please feel free to forward it to anyone new in your group including your summer clerks.

Thanks,
Sylvia Hu
Corporate and Law Information Services
713-853-6775
sylvia.hu@enron.com
Free Lexis-Nexis Training
Watch as LEXIS-NEXIS SEARCH ADVISOR practically does all of your research for you.

Thursday, July 26, 2001
Conference Room EB48C2

10:00 am-11:00 am Basic
(Class designed for new user and summer
  intern.)
11:30 am- 1:00 pm Refresher/Updates
Learn to conduct Lexis-Nexis searches from the custom page on the legal portal.  <http://legaledge.corp.enron.com/>  Research category - Lexis-Nexis link
(Class focuses on new features, such as Search Forms, New print option, etc.)

Presenting by Ed Chang, Lexis Consulting Attorney
Training sessions are free to Enron Legal Personnel
Lunch will be provided by Lexis
R.S.V.P. to Sylvia Hu ext. 36775 sylvia.hu@enron.com <mailto:sylvia.hu@enron.com> by Wed. 7/25 Noon


FYI,

Brent Hendry will be in the office this afternoon, Monday, 7/10.

He will be taking vacation TU-FRI, 7/11-14.


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To the attention of:
Dr Kenneth L. Lay
Chairman and Chief Executive Officer
ENRON CORPORATION

Dear Dr Lay,

Please find below your username for the private area of our website which
provides you with updated information regarding the programme and
participants of the Annual Meeting (http://www.weforum.org/davosprivate).

Your username : klay
(For security reasons, your password will be sent in a separate e-mail)

Use of the resources in this private area will soon allow you to:

- Reduce the time required for your sign-up process on the spot in Davos
for sessions held in conjunction with a meal. All you need to do is provide
your credit card details in advance through our secured website.

- Check your office mail through the kiosk. All you need to do is fill in a
form providing the technical parameters necessary for establishing the
connection. The parameters for this POP3 information can be supplied by the
technical support staff in your office.

- Access the content of the sessions of previous events and the details of
panellists at our meetings when you explore the latest version of the
Knowledge Navigator. The Knowledge Navigator provides summaries of sessions
from previous meetings and summits structured along themes, regions and
industries as well as a biography and contact information for each
panellist.

The Forum looks forward to your participation in Davos.

Best regards,

Maurizio Travaglini
Director, Annual Meeting
World Economic Forum


Please select your reviewers throught the PEP on line system.  If you need
help doing so, please contact Shanna Funkhouser.  Thanks.


Cathy,

I shall appreciate 4 tickets, any day. I shall use them internally
as a token of appreciation for the members of my group.

Vince

From: Cathy Phillips on 03/30/2001 08:45 AM
To: Jeffrey A Shankman/HOU/ECT@ECT, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz/HOU/ECT@ECT,
Pierre Aury/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna
Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry
Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT, George
McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT,
Beth Perlman/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
Cindy Skinner/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Mark
Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Lisa Yoho/NA/Enron@Enron,
Neil Davies/Corp/Enron@ENRON, Per Sekse/NY/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Scott Vonderheide/Corp/Enron@ENRON
cc: Cathy Phillips/HOU/ECT@ECT, Jennifer Burns/HOU/ECT@ECT, Angie
Collins/HOU/ECT@ECT, Donna Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT, Candace
Parker/LON/ECT@ECT, Sharon Purswell/HOU/ECT@ECT, Gloria Solis/HOU/ECT@ECT,
Brenda J Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula
Forsyth/Corp/Enron@ENRON, Shirley Crenshaw/HOU/ECT@ECT, Jody
Underwood/NA/Enron@ENRON, Kathleen D
Hardeman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Judy Zoch/NA/Enron@ENRON,
Sunita Katyal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cherry Mont/NY/ECT@ECT,
Lydia Reeves/HOU/ECT@ECT, Kristy Armstrong/Enron@EnronXGate, Nita
Garcia/NA/Enron@Enron, Christina Brandli/Enron@EnronXGate
Subject: Astros Season Tickets

Astros Tickets Available

Please note that the tickets for the Astros games scheduled for Saturday,
March 31st, through Sunday, April 8th, (no game on Monday, April 2nd) are
still available.  Please let me know this morning if you are interested in
any of the tickets.  Thank you.

- - - - - - - - - - - - - - - -

As Mike mentioned at the staff meeting yesterday, Enron Global Markets has
season tickets for the Houston Astros for the 2001 season which begins this
Friday, March 30th, with an exhibition game against Boston.  Exhibition games
are also scheduled for Saturday, March 31st, and Sunday, April 1st.  The
regular season opening game will be on Tuesday, April 3rd.

We have four seats in section 116, row 33, seats 20 - 23.  The seats are
located in the dugout section between home plate and the visitor's dugout.

The tickets are available on a first come, first serve basis with preference
given for customer entertainment if more than one request is received for the
same game.  Please contact me at X-36898 or via e-mail at
cathy.phillips@enron.com to request tickets.  In addition, copies of the
Astros 2001 Season Schedule are available upon request.

Please let me know if you have any questions.  Thank you.

Cathy Phillips
X-36898
EB 3327


Margaret,

My name David Martin.  I graduated from the MBA/MPA program at UT in May 1998
and I am currently a Manager at Enron North America in the Restructuring
Group.  I am writing to you in reference to a Fall 2000 MBA candidate named
Benjamin Rogers.  He is an Associate here at Enron and in my opinion an
excellent candidate for the UT MBA program.  He has already submitted his
application and is anxiously awaiting a response.  Ben came to Enron as an
Analyst and was recently promoted to an Associate, something not many
Analysts are able to do.  He has worked in several groups throughout Enron
and is very serious about the possibility of attending UT.  Please take my
highest of recommendations into consideration when you assess his entrance
into the program.  Thank you.

Regards,
David Martin


Folks,

National Bank of Canada has forwarded the attached draft documents for our
review.  I asked if they had electronic versions of the ENA - NBC  documents
and they have apparently gone a step further and actually generated the draft
Garden State - NBC documentation without the confirms.  Finley will continue
to drive forward on the confirms.  I would appreciate any comments on the
attached documents by mid-day tomorrow so that we can possibly get this in
place.

Thanks,
Rodney
---------------------- Forwarded by Rodney Malcolm/HOU/ECT on 09/26/2000
04:22 PM ---------------------------

"Pace, Teresa" <Teresa.Pace@tres.bnc.ca> on 09/26/2000 03:45:26 PM
To: rodney.malcolm@enron.com
cc:
Subject: ISDA documentation

Please find enclosed draft ISDA documentation for Garden State

 <<Guarantee in favor of nbc Enron.doc>>  <<CRSUPP Garden State.doc>>
<<Usacorpo Garden State.doc>>

Please forward all comments to the undersigned

Teresa Pace
Section Manager
Directrice de Section
Legal Documentation-Treasury
Documentation L,gale-Tr,sorerie
Tel: (514) 397-5850
Fax:(514) 394-6271

 - Guarantee in favor of nbc Enron.doc
 - CRSUPP Garden State.doc
 - Usacorpo Garden State.doc


Ralph teaches at Stanford Law on Mondays.  Left him a message.  I'll get back
when he returns my call.

Best,
Jeff


Kathleen,

Carlos has Illinois, so keep him copies please.

Kay

	From:  Kathleen Carnahan                           03/26/2001 09:31 AM

To: Rusty Stevens/Corp/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron

Subject: Re: Greene Option and Memorandum of Options for all option
agreements.

Regarding Fehr:

Per your e-mail below, you indicated that Hillary Fehr called you and asked
what you needed from her.  I would think that we would definately need her
phone number and current address.  Regarding any legal documentation, I have
a call in to Karen Way requesting that she provide her input.

Kathleen

.

Rusty Stevens
03/23/2001 03:54 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Greene Option and Memorandum of Options for all option
agreements.

If I call to ask about dividing the check, she will undoubtedly say we have
to do it.  From a legal perspective there is normally something called a
Qualified Domestic Relations Order that we or other parties would require
before splitting proceeds.  Can you find out what document they will need to
produce to our satisfaction so that we don't breach the deal by splitting the
check.  I guess we could write out two checks and make them out to Hillary
AND Luke so they both have to cosign and can each deposit one check in their
respective accounts.

As to sending the option renewal check out with the Greene document, I think
that it would be better to send it along with the other $5000 check so they
get more money in one instance.  I think my suggested cover letter said
that.  How much longer before we send the deal out?

	From:  Kathleen Carnahan                           03/23/2001 01:12 PM

To: Rusty Stevens/Corp/Enron@ENRON
cc: Fred Mitro/HOU/ECT@ECT, karen.way@piperrudnick.com

Subject: Re: Greene Option and Memorandum of Options for all option
agreements.

The Greene Amendment to Option and Amended Short Form of Option have been
approved by Carlos, but not yet forwarded to the Greenes or their attorney.
It was my understanding that you wanted to send the Option renewal premium at
the same time we sent the proposed agreements.  Is that still the case?

With regards to the Fehr Memorandum, it is true that Karen way did not
prepare a Memorandum for this Option, but I think I have a draft of one for
them.  We definately need to get this taken care of and have the Fehr's
execute it and get it recorded.  We need to send them an option payment by
April 2, so we can send the Memorandum at that time.  Can you please find out
if we should issue separate checks for the Fehrs?

Kathleen

Rusty Stevens
03/23/2001 12:53 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT, karen.way@piperrudnick.com

Subject: Greene Option and Memorandum of Options for all option agreements.

I spoke to Mark Gershon at today and among other things we discussed, I
mentioned that we were working on the Greene option agreement extension.
What is the status of the extension ?

Secondly, I mentioned to Mark that I had heard from Hillary Fehr and she
indicated that she and Luke were no longer married.  She wanted to know what
we needed from her in that regard.  I told her to send us a brief letter
stating that, and to ask that we send her a copy of any notices (of exercise
of option or whatever) at her dad's address.  Apparently the plan is to have
Luke continue to reside in the house in the interim, but she said "for now".
I let her know that our option agreement precluded their selling the house
and that it would be to their disadvantage to give up the potential upside
anyway.

Mark pointed out that we need to make sure we have recorded Memorandum of
Option Agreements for all of our agreements - particularly this one - so they
dont try to sell anyway and have a lender do a title search and not find out
that the property was encumbered with our option agreement.  I understood
that we had not done memorandums for all of the parcels under option, and
would appreciate an update and plan of attack to get them in place.

Thanks


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

<postmaster@caprock.net> on 03/29/2001 07:58:51 AM
To: Phillip.K.Allen@enron.com
cc:
Subject: Nondeliverable mail

Cary,

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

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

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

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

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

Phillip Allen
713-853-7041

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

Hunter S Shively
03/26/2001 10:01 AM

To:   phillip.k.allen@enron.com
cc:
Subject:

(See attached file: F828FA00.PDF)

(See attached file: F828FA00.PDF)

 - F828FA00.PDF