Please change the connection in Access to estrmsp_ded from rmsprod_ded or rmsprod.

Some of the issues have been addressed in the data grabber part of the web site and in RisktRAC. This effort was started in September and yet to be completed.

It is prefered to have one source of data going out to all, instead of multiple copies of the Access database. We welcome feedback - and reasonable time to incorporate these changes into the web functionality

This group did not design the Access database. In fact, I personally have not even seen it. We will be in the midst of NETCO test database setup, NETCO data cleanup, user creations, RisktRAC migration, Web migration and Unix migration to the new hardware next week. If we have the time, we will certainly help in correcting issues related to the Access database.

Regards,
Ramesh

-----Original Message-----
From: Hayden, Frank
Sent: Sun 1/13/2002 4:39 PM
To: Hare, Bill D.; Sanvido, Terry; Brackett, Debbie R.; White, Stacey W.; Gossett, Jeffrey C.; Reeves, Kathy; Postlethwaite, John; Ramesh, Ganapathy
Cc:
Subject: RE: Estate Testing Sunday

I'm going into a legacy database to pull data and I'm having some problems (ODBC -connection to "rmsprod" failed.).  The name of the database is ~ORMSDBS97A.  This database was owned by an employee that is no longer with Enron.  Problem is that Jeff Gossett's team, Kathy Reeve's team, John Postlethwaite's team, Stacey White's team and Global ops used this database to query for daily reporting regarding traders VAR.  Either we need front end that can save query out for front end or we need a similar database for NETCO.  I'm neutral, however I think a similar database hook up would be quicker than front end solution.

Also, have Jeff and Stacey been able to create the benchmark report on test portfolio's?

Frank

 -----Original Message-----

From:   Hare, Bill D.

Sent:   Sunday, January 13, 2002 3:40 PM

To:     Hare, Bill D.; Sanvido, Terry; Brackett, Debbie R.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Ramesh, Ganapathy; Saleem, Aftab; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Robinson, Rhonda; Stevens, Mechelle; Pena, Matt; Schomer, Chris; Rao, Ramesh; Henry, Jane Hilburn; Warner, John; Rodriguez, Bernice; Smith, Regan M.

Subject:        RE: Estate Testing Sunday

I have confirmed the Customer Number in Global Counterparty is 3000022659.

Bill

 -----Original Message-----

From:   Hare, Bill D.

Sent:   Sunday, January 13, 2002 1:52 PM

To:     Hare, Bill D.; Sanvido, Terry; Brackett, Debbie R.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Ramesh, Ganapathy; Saleem, Aftab; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Robinson, Rhonda; Stevens, Mechelle; Pena, Matt; Schomer, Chris; Rao, Ramesh; Henry, Jane Hilburn; Warner, John; Rodriguez, Bernice; Smith, Regan M.

Subject:        RE: Estate Testing Sunday

I have confirmed the Vendor Number in Global Counterparty is 3000024197,  we are still waiting for the SAP Customer Job to complete.

Bill

 -----Original Message-----

From:   Hare, Bill D.

Sent:   Sunday, January 13, 2002 9:44 AM

To:     Sanvido, Terry; Brackett, Debbie R.; Hare, Bill D.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Ramesh, Ganapathy; Saleem, Aftab; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Robinson, Rhonda; Stevens, Mechelle; Pena, Matt; Schomer, Chris; Rao, Ramesh; Henry, Jane Hilburn; Warner, John; Rodriguez, Bernice; Smith, Regan M.

Subject:        Estate Testing Sunday

I have completed the setup of the two Counterparties with the exception of SAP ID's.  I am waiting for the SAP run to complete and will resend this message with the SAP Customer and Vendor Numbers when the SAP job completes.

Bill

  I have setup two External Counterparties for the Estate Test today (Sunday) as follows:

        1) CP ID#167032

        - External Gas/Power 1 (with good credit)

        - Address Number 193019

        - SAP Customer ID   [Bill D. Hare]  3000022659

        - SAP Vendor ID  3000024197

        - 1 wire will be shared; Partner Bank Niumber 0011

        - ERMS Code; EXTERNALGAS1W

        - Financial Link

        - Power-Houston Link

        - Person Contact Link; Test Estate

        - Operational Effective Date; 12/01/2001

        - Fax Number; 713-646-8876

        - Address Roles

        ENA

        o Financial Invoice, Financial Payment, Financial Confirm

        o Natural Gas Physical Invoice, Natural Gas Physical Payment, Natural Gas Physical Confirmation

        o Power Financial Invoice, Power Financial Payment, Power Financial Confirmation

        o Service Physical Invoice, Service Physical Payment

        EPMI

        o Power Physical Invoice, Power Physical Payment, Power Physical Confirmation

        2) CP ID# 167034

        - External Gas/Power 2 (with Bad credit)

        - ERMS Code; EXTERNALGAS2PW


Start Date: 1/12/02; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011201.txt


According to somebody - housecats left outside kill over 1,000,000 tweety birds a day!


Dude,

My phone number is 261-2259.

My email is jhawker@petersco.com <mailto:jhawker@petersco.com>

Bitch


Frank,
regarding simulating power prices in VAR we might discuss the following items
and show some results:
1. Clustering for power:
 - clustering based on historical prices and correlations from them;
 - geographical clustering;
 - flexibility in choosing "core curves" (based on position size);
2. Jump-diffusion process for intramonth and prompt month:
 - parameter estimation from historical data (do we want to use it?)
 - working out parameters (jumps frequency, jump size) as stress scenarios;
3. Correlations within a cluster and across clusters.
4. Changing correlations estimations (using fixed contact' time series).
5. Joint estimation of factors for selected regions.

Let me know what you think should be in the agenda for this meeting.

Regards,

Tanya

From: Frank Hayden/ENRON@enronXgate on 04/18/2001 03:43 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: FW: Mtg. Scheduled

If you want, I welcome your help in putting together an agenda.

Frank

 -----Original Message-----
From:  Black, Tamara Jae
Sent: Wednesday, April 18, 2001 3:32 PM
To: Presto, Kevin; Davis, Mark Dana; Sturm, Fletcher; Herndon, Rogers;
Gilbert-Smith, Doug; White, Stacey; Kaminski, Vince; Andrews, Naveen; Belden,
Tim; Gorny, Vladimir; Davenport, Lacrecia
Cc: Hayden, Frank
Subject: Mtg. Scheduled

Please mark your calendar for a meeting with:

Frank Hayden
Reg. Value @ Risk
April 26th
3 - 4pm
rm 3125b

Thanks

Tjae Black
x35800


FYI
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/26/2000 06:33 PM
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           09/26/2000 06:30 PM

To: Fernley Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT
cc:
Subject: Further note on access of operating standards

Fernley:  I think that you are right about easy access to the standards.  In
fact, at the Global Operations Controllers gathering in Houston in October,
we are going to roll out a website created for Global Risk Operations.  The
global standards will be one of the items included, as well as contact lists
for Operations Controllers worldwide, calendars for all Enron offices
worldwide, a "what time is it there if I am here" page, etc.  I would like
for this to be introduced at the offsite as surprise (just a little bang out
of the announcement) , so I would appreciate your not sharing this plan
widely at this point.  However, I thought that I would let you know so that
we would not duplicate any efforts.
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/26/2000 06:19 PM
---------------------------

Fernley Dyson
09/26/2000 11:03 AM
To: Mike Jordan/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: Re: a note being sent out under John Sherriff's name - your thoughts
on the cover note ?

I think the note is fine. My concern would be access to details of the
standards themselves. People will be less inclined to come to you and me, but
they may well click on an intranet link to the policies and procedures
website for example.

For your consideration.

Thanks

Fernley

Mike Jordan
26/09/2000 14:14
To: Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc:

Subject: a note being sent out under John Sherriff's name - your thoughts on
the cover note ?

Fernley  / Sally

Off and on ( with Jackie Gentle's help ) I have pulled together a one page
communication note on our fundamental operating standards ( itself a one page
summary ).

We are in the final stages of this process  - where we draft a cover letter
for John which will introduce this for inclusion within Globalflash ( the
Enron Europe newsletter )

Have you any thoughts on draft or cover note ?

Mike


I'm sorry - I haven't been keeping up with the Dow Jones data storage. I can
put the data in the sheet - I just need to take a look at how you've set it
up and determine what I should be entering where. I'm running to grab some
lunch right now, but when I get back let's talk about how to compare the Dow
Jones volumes with our daily volumes. I can either send you my data sheet
each afternoon, or add a Dow Jones volume table to the sheet myself - however
you'd like. We'll talk.

Kate

Cara Semperger
03/08/2001 09:34 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Dow jones Data

Are you going to put the data in the sheet, or are you not able to do that.
If not, just send the sheet to the file, and I will do it.

Also, I want to get with you about your daily deal data, because I want to
run a Dow volume vs our volume data set daily.

C


Janet.  Attached is the best available for December.  I have split 3rd party
noms and HPL noms.

I'll be working on January today and forward it to you soon.


Today's simulation has been postponed to next Wednesday.  Unfortunately, they
have not yet opened the system to the entire web - you have to be on the
Enron intranet to get access.  If you want to see it badly enough, I might be
able to arrange something for you in our NY office (midtown) otherwise I'll
let you know when they roll it out onto the web.

Mark


did you make it to woody's?  it was all poles and no holes when i was there.
we are going to hit kennelleys after work if you are up for it.


Kim,

Here are the drafts for Anaheim / LA.  I am working on Arizona Public Service.

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


This is a follow-up to my e-mail sent June 23rd. We are gearing up to release
the above referenced Product.

Matt - I need a Sigma Factor please; there will be one Product Type for each
of the 'flexible' scenario's (i) not less than three day, not less than 5
day, not less than 10 day:

Country: USA
Commodity: US Nat Gas
UoM:  MMBtu
Product Type: Physical Index (Flexible)

We are close to a final draft f the Product Description that will hit the
website. The laymans description of the Product is as follows:

Buyer and Seller exchange gas during the month of June 2000.

Seller receives 10,000 MMBtu per day (or 300,000 total MMBtu) at TCO Pool
Index.

Buyer has the right to notify Seller of when Buyer wants to take delivery
during the month of June, and may take delivery in one of three forms: not
less than 3-day delivery, not less than 5-day delivery, or not less than
10-day delivery (depending on Product Type). The gas nominated for each such
day would be between Zero and not greater than the percentage of the total
300,000 MMBtu based on the number of days of 'flexibility' (i.e.; Buyer
chooses 5 days for nomination, Seller would deliver not more than 20% of the
300,000 MMBtu on each of those 5 days for a total nom of 100%). Buyer pays
TCO Pool Index PLUS a premium.

While the product Description on the website accounts for both the month-long
delivery to the Seller and the 'flexibility' of the Buyer, the product should
be entered into the downstream processes, settled and confirmed as two
different products. This is necessary in order to give us the protection
against non-performance that the GTC's and master contracts support.

Please feel free to forward this e-mail to anyone I may have missed.

Dale


Richard:

Brian says this is the information you needed re NSM.  After reviewing,
please confirm to me (Ext. 3-6855) or to Brian (713.304.3808/mobile) that you
have everything you need from us.  If I can help with anything, please let me
know.  Thanks.

Sherri
---------------------- Forwarded by Brian Vass/HOU/ECT on 08/04/2000 12:04 PM
---------------------------

Brian Vass
08/02/2000 05:16 PM
To: Lisa Mellencamp/HOU/ECT@ECT
cc: Laynie East/HOU/ECT@ECT
Subject: NSM

Lisa,

This is the info from Laynie in accounting. She confirmed the number of
equity shares (40,992,500) with Richard Lauer. Did you by chance add the
number of C note units to the equity? That would add to around 51mm shares.

The aschedule that Laynie has also calculates the principal and interest due
to date. Call me if you have questions.

bgv
---------------------- Forwarded by Brian Vass/HOU/ECT on 08/02/2000 05:13 PM
---------------------------

	Enron North America Corp.

	From:  Laynie East                           08/02/2000 04:48 PM

To: Brian Vass/HOU/ECT@ECT
cc: Hope Vargas/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT
Subject: NSM

Brian,

I left you a voicemail about meeting to discuss the NSM information but in
case we miss each other today, here is what we have.

-  Per Tab 25, page 2 and Schedule A of the contract, Enron owns 40,992,500
shares.

-  The attached schedule shows interest calculated through July 31, 2000 for
the Series C Notes.  On March 13, 1999, the interest rate was increased by
1.5% per Tab 20, page 5 of the contract.

Please call if you would like to discuss further.

Thanks,
Laynie
x3-3131


I changed the 2nd paragraph so that ABB is receiving money, not paying it.


I haven't read all of the emails, but, Mark was going to handle Hawaii.  SS

	Mary Cook
	08/29/2000 08:14 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re:Project Tahiti

Is this more Hawaii that you are handling?  Mary

	Carol St Clair
	08/29/2000 08:11 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Re:Project Tahiti

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/29/00 08:08 AM -----

	"Cheri Strouse" <STROC@andrews-kurth.com>
	08/25/00 05:39 PM

		 To: <alan.quaintance@enron.com>, <Brenda.L.Funk@enron.com>,
<carol.st.clair@enron.com>, <charles.delacey@enron.com>,
<Clement.abrams@enron.com>, <David.roland@enron.com>,
<gina.karathanos@enron.com>, <Joel.ephross@enron.com>,
<tina.livingston@enron.com>, <Trevor.randolph@enron.com>,
<trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>,
<tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>,
<kenton@rlf.com>, <mark.wolf@us.cibc.com>, <mercedes.arango@us.cibc.com>,
<schottla@us.cibc.com>, <Aroberts@wilmingtontrust.com>
		 cc: "David Barbour" <BARBD@andrews-kurth.com>, "MURIEL McFARLING"
<MCFAM@andrews-kurth.com>, "SCOTT OLSON" <OLSOS@andrews-kurth.com>
		 Subject: Re:Project Tahiti

Attached please find the Sale and Auction Agreement for the Fiji Z Class B
Interest and the Bali Trust Agreement.

The Sale and Auction Agreement is marked against the Sale and Auction
Agreement from the Hawaii 125-0, McGarrett Series B transaction and the Bali
Trust Agreement is marked against the Alchemy Trust Agreement.

Please note that the attached documents are in Word Perfect.  A subsequent
email with the documents in Microsoft Word will follow.

Please fax comments to David Barbour and Muriel McFarling at 214-659-4401 by
Monday, August 28th.

If you have any questions, please contact David Barbour at 214-659-4444.

B. Scott Olson
Andrews & Kurth L.L.P.
1717 Main Street
Suite 3700
Dallas, Texas 75201
Direct: 214.659.4443
Fax: 214.659.4832

 - 255084 COMPARISON AGAINST MCGARRETT SERIES B.wpd
 - 255146 COMPARISON 220406 VER 7.WPD


Stephanie -- Please keep watch for termination letters coming in from any of these counterparties and make me aware immediately of anything received --also Elizabeth Sager, Marcus, Harlan and Leslie.  We may be resuming the scheduling of power with these counterparties but will not do so with a party that has terminated its enabling agreement(s) with EPMI.  Thanks.

Restore Service List     21 Dec. 01

AES New Energy
Alcoa Power Geenerating
Ameren
BECO (Boston Electric)
Cargill Alliant LLC
Central Maine
Citizens Communications Co
CP&L (Carolina Power & Light)
DTE Energy Trading
Entergy Services
First Energy Solutions
Green Mountain Power Corp.
GPU Service
HQ Energy Services (Hydro Quebec)
IP&L (Indiana Power & Light)
LG&E (LG&E Energy Marketing)
Minnesota Power & Light
NIMO (Niagara Mohawk Energy
NSTAR Electric )
OG&E (OGE Energy Resources)
Select Energy
Southern Illinois
Split Rock Energy
Taunton Municipal Light
TXU Energy Trading
UI (United Illuminating)
VEPCO (Virginia Electric Power Co.)
Wisconsin Electric

 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Friday, December 21, 2001 10:00 AM
To:	Portz, David; Nettelton, Marcus
Subject:	EPMI List

 << File: EPMI List.xls >>  << File: Letter Log 12-20.xls >>

Attached is a list of the EPMI terminations.  The 12-20 list may contain additional EPMI counterparties that have not yet been added to the Master List.


Wayne -

Please see the below.

I confirmed with Dynegydirect the use of the exhibit is to reflect situations
where Enron has a master agreement that is intended to control over the
on-line GTC's.  With this attached to the ETA, the concerns you have about
the GTC's should be satisfied.

Please let me know if you should need anything further.

Thanks for your assistance.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/27/2001 09:28 AM -----

	Stephanie Sever@ECT
	03/27/2001 09:02 AM

		 To: Mark Greenberg/NA/Enron@ENRON
		 cc:
		 Subject: Revised Exhibit to the Dynegydirect ETA

Mark,

This may help.  It appears that Dynegy has amended the ETA to include a
Master Agreement for Coal.

Thanks,
Stephanie
---------------------- Forwarded by Stephanie Sever/HOU/ECT on 03/27/2001
08:54 AM ---------------------------

From:  Sheri Thomas
  03/26/2001 01:15 PM

To: Stephanie Sever/HOU/ECT@ECT
cc:
Subject: Revised Exhibit to the Dynegydirect ETA

probably should just file this one away.
thanks

---------------------- Forwarded by Sheri Thomas/HOU/ECT on 03/26/2001 01:15
PM ---------------------------

Ron.E.Benton@dynegy.com on 03/26/2001 11:53:06 AM
To: sheri.thomas@enron.com
cc:
Subject: Revised Exhibit to the Dynegydirect ETA

Dear Ms. Sheri Thomas,

Please attach the revised exhibit to your ETA with Dynegydirect.  The
change is due to your request for Coal and Emissions.

If you have any questions please call me at (713) 767-4582.

Thank you for your time and consideration in this matter.

(See attached file: Enron North America(R).doc)
 - Enron North America(R).doc


CALENDAR ENTRY:	APPOINTMENT

Description:
	Ava-35842/Market Services Council Mtg. conference room 42C2

Date:		11/29/2001
Time:		10:30 AM - 12:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Fine

Ina Rangel
08/22/2000 02:08 PM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Thomas
A Martin/HOU/ECT@ECT
cc: Kimberly Brown/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Becky
Young/NA/Enron@Enron, Laura Harder/Corp/Enron@Enron
Subject: ENA Fileplan Project - Needs your approval

Carolyn Gilley who is a department head in our records management group has
hired the firm, Millican & Assoicates to come in and compile all of our
current and archived files into a more suitable fileplan.  Enron has given
permission for this firm to handle this, but they need further approval from
each one of you to deal with your backoffice people and with your assistants
in compiling this information to complete their project.  Below is a more
detailed letter from the firm explaining their work here.

Please respond to me that I have your approval to give for them to complete
your project.

Thank You,

Ina Rangel
---------------------- Forwarded by Ina Rangel/HOU/ECT on 08/22/2000 01:56 PM
---------------------------

Sarah Bolken@ENRON
08/22/2000 08:17 AM
Sent by: Sara Bolken@ENRON
To: Ina Rangel/HOU/ECT@ECT
cc:
Subject: ENA Fileplan Project

Ina, here is information concerning the scope and purpose of our project:

We are records and information management consultants from Millican &
Associates, who have been hired by Carolyn Gilley, ENA's Records Manager, to
formulate a Fileplan for all of ENA's business records. The approach we're
taking to develop this Fileplan is to perform a generic  inventory of each
ENA organization's records. Now, we generally meet with an executive (usually
a vice president, director or manager) within each group to first explain
this project and seek permission to perform the inventory. We'll then ask
that executive to designate someone within his/her area to serve as our
working contact. The contact is usually someone who is very familiar with
their department's record, and can be a manager or support staff.

There are a number of reasons we are working on this ENA Fileplan Project.
Enron, as I am sure you know, creates volumes of paper and electronic
records--much of it has never been captured on a records retention schedule.
Many departments are keeping records well beyond their legal retention
requirements, taking up valuable and expensive office space. The Fileplan,
once completed, will document what is being created, who has responsibility
for it, and how long it must be maintained.

Enron has also invested in a software product called Livelink. Livelink is an
imaging system whereby you can scan your documents into it, index them, and
then use the "imaged" document viewable from your computer as the working
copy. After scanning, the paper can either be destroyed or transferred to
offsite storage, depending upon its retention requirements.

During our inventory we will attempt to capture both paper and electronic
records. We'll also try to identify any computer systems your area uses, i.e.
MSA, SAP, etc.. The inventory itself is painless and non-invasive, in that we
do not open or look into file cabinets or desk drawers. It's simply an
interview process where the contact answers a few easy, simple questions.

 If you have any additional questions, please feel free to give me a call.
Thank you.

Sara Bolken
X35150


713 646-8525

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Thursday, September 20, 2001 3:01 PM
To:	Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg
Cc:	Alamo, Joseph
Subject:	We'll will have the actual decision language momentarily

Please email Joseph Alamo with your fax number if you would like a copy.

Best,
Jeff


We have entered into another lending agreement with El Paso for Tuesday, 7/24. I've entered deals to show this in our system as a purchase from El Paso at $4 (fee for lending - to be changed if we end up actually purchasing from El Paso) and a sale to STSW. This is a 25 mw on peak schedule (tag entered by Lisa Gang) to be delivered at Palo Verde. We need to send 25 mws (zero price) to EPE real-time at PV to fulfil our part of the agreement. Following are the terms of these deals:

697528 - STWBOM buys EPE
	 HLH @ PV
	 25 mw @ $4
	 (This price represents El Paso's fee for lending)

697536 - STWBOM sells STSW
	 HLH @ PV
	 25 mw @ $68

Let me know if you have any questions.

Thanks,
Kate


---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 05/01/2001
09:26 AM ---------------------------

	From:  Christi L Nicolay                           05/01/2001 09:21 AM

To: Tamara Jae Black/HOU/ECT@ECT
cc: sscott3@enron.com
Subject: New regulatory attorney

T.J. Please forward to the group.  Thanks.

Please join me in welcoming Susan Scott.  Susan will be assisting East Power
as a regulatory attorney.  Her phone is 30596.  She is currently sitting near
the fundamentals group, but will be spending time near me by the real time
desk learning the "ropes."

Christi


Actually, my preference would be to have the contract released to ENA year
round.  This means Robin would have to bill CALP for the commodity and demand
during the summer.  Depending on the relationship you would like to have with
the customer, I think it is easier to bill the customer for the demand and
the commodity as opposed to reimbursing them for when we use the transport
(at least with the way things work in our systems).

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/24/2000 06:15
AM ---------------------------

Joan.Veselack@enron.com on 03/23/2000 06:35:15 PM
To: pheuer@EdisonMission.Com
cc: Dick.Jenkins@enron.com, Robin.Barbe@enron.com, Chris.Germany@enron.com,
Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
Katherine.L.Kelly@enron.com, rbakke@edisonmission.com
Subject: Re: Calp Payments

Paulette,

It's not Enron's intention to have Calp fund the OPT 60 payment. Enron
would like for Calp to release the capacity in Enron's name during the
winter period, and this would send the bills directly to Enron and
eliminate funding by Calp and reimbursement of Enron to Calp. We can look
at this again next winter. I'm not sure why there was a delayed payment
once Calp gave Enron the bill a month ago. I'll ask Mark Feldman about wire
transfers.

Thanks again for your patience.

pheuer@EdisonMission.Com on 03/23/2000 05:45:18 PM

To:   Joan.Veselack@enron.com
cc:   rbakke@EdisonMission.Com, Dick.Jenkins@enron.com,
      Robin.Barbe@enron.com, Chris.Germany@enron.com,
      Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
      Katherine.L.Kelly@enron.com

Subject:  Re: Calp Payments

Joan,

The deal with CES was that the invoice would be paid upon receipt.  It was
never
CALP's intent to fund the OPT 60 payment.  As requested, I will faxed
February's
bill to Robin.  Since the January payment is so late, could you have
January and
February's payments wire transferred to CALP's account?

Thanks!

Paulette

Joan.Veselack@enron.com on 03/23/2000 06:08:57 PM

To:   Roman Bakke/EME@EME, Paulette Heuer/EME@EME
cc:   Dick.Jenkins@enron.com, Robin.Barbe@enron.com,
Chris.Germany@enron.com,
      Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
      Katherine.L.Kelly@enron.com

Subject:  Calp Payments

Roman and Paulette,

Sorry for the delay. January's check will be sent out tomorrow, Friday
March 24th. As soon as Mark Feldman (Enron payment God) receives February's
bill, he can pay this one too.

Thank you for your patience during this transition.


a belated response to my inquiry regarding Project Summer, and our Turkish
power station.  Do you want me to follow-up on the subsequent inquiry made in
India and Korea, i.e., will there be "political" costs to be paid, or will
our deal be held ransom to concessions extracted from us?  thanks mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 03/07/2000
14:56 ---------------------------

Fiona Grant
02/07/2000 20:50
To: Mark Schroeder/LON/ECT@ECT
cc:

Subject: Re: Project Margeaux -- Reg. Review Section

Mark -- while I have not asked our counsel in Ankara to look  into this
specifically, I have made a couple of discrete enquiries on this front and
can confirm that the Turkish Gov't would need to be involved in a transfer of
ownership for Trakya or any kind of re-financing along the lines of Project
Margeaux.   The MENR and TEAS (elec. company) are the two principals in this
discussion.   FG

Mark Schroeder
02/06/2000 11:50
To: Fiona Grant/LON/ECT@ECT
cc:

Subject: Re: Project Margeaux -- Reg. Review Section

Thanks, when you were looking at this, and I do not see it in the attachment,
is this question:  are any regulatory approvals required, by Government
Ministry or Competition Authority, to transfer effective ownership or control
of the Trakya assets, whether as envisioned in Project Margaux, or by other
financing that would effectively look like an asset or equity sale?  thanks
mcs

Fiona Grant
02/06/2000 11:40
To: Mark Schroeder/LON/ECT@ECT
cc:

Subject: Project Margeaux -- Reg. Review Section

Apologies, had meant to do this before I left last night!

This is the information I supplied on regulatory issues as part of the
overall Project Margeaux due diligence process.  Let me know if there is
anything further I can send on the subject...

Fiona


Those participating from Williams:  Frank Ferazzi, Allison Bridges, Melissa Casey


October 20, 2000

     Teco Tap       0 / Enron ; 75.000 / HPL Gas Daily

October 21, 2000

     Teco Tap       0 / Enron ; 84.375 / HPL Gas Daily

October 22, 2000

     Teco Tap       0 / Enron ; 115.625 / HPL Gas Daily


i am an independent contractor.


So, per your email, I have approved them to trade all financial products,
correct?

	David Minns@ENRON_DEVELOPMENT
	01/28/2001 04:40 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL approvals, 1/25/01

No legal restriction on the ability of Edgecap, Origin or SG Australia
trading any products through EOL.

From: Tana Jones@ECT on 25/01/2001 10:44 AM CDT
To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
cc:

Subject: EOL approvals, 1/25/01

----- Forwarded by Tana Jones/HOU/ECT on 01/25/2001 09:44 AM -----

	Walter Guidroz@ENRON
	01/25/2001 09:29 AM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron
		 cc:
		 Subject: EOL approvals, 1/25/01

Attached are EOL approvals/amendments/declines for January 25, 2001.


Privileged and Confidential Joint Defense Communication

From:  Don Schultz
To:      Quinque  Defendants
Re:     Extension of time for discovery letter

Judge Downes' law clerk called to report that Judge Downes did not intend to
impose such scheduling duress on the Grynberg and Wright groups seeking to
coordinate on a discovery letter, so is granting us until the close of
business on Thursday to submit a coordinated letter reply.   A draft reply is
in process and should be circulated early tomorrow with requests for your
prompt feedback.  (Quinque defendants may not have a separate interest in the
discovery requested by Grynberg, but I am repeating this message for the
benefit of those in the email group who are not also counsel in the Grynberg
cases) Don.


Could  you please email me what we think are the execution version of the
letter agreement and the substantially complete llc agreement?

Also, how many execution copies will we have?

Thanks,

Kay


No golf for me at 10:00am.


How has your morning been?


Thank you, Tana
 -----Original Message-----
From:   Jones, Tana [mailto:Tana.Jones@ENRON.com ]
Sent:   Tuesday, October 02, 2001 5:33 PM
To:     lora.aria@lgeenergy.com
Cc:     Koehler, Anne C.
Subject:        ISDA - Louisville Gas & Electric
 << File: 803 (louisville gas & elec).doc >> At the request of Anne Koehler, I am attaching our word version of the
ISDA Schedule and Paragraph 13.  Please call me at (713) 853-3399 if I
can be of further service.
 <<803 (louisville gas & elec).doc>>
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


PS.  You will love the government contracting business.  Really, I think you
will.
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/11/2000 06:07
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           10/11/2000 06:07 PM

To: Carlos Sole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Reflections

It is yours.  I never said it would last. If fact, it is a tribute to Enron
that that era is over.

You've earned the right to doubt my credibility based on your original
interview, however.


The attached contains revisions and comments as compiled by EECC and ENA.

Kay


Here is some information on one of the students invited to Enron next week by
Tom Gros.
--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 02/10/2000
05:24 PM ---------------------------

"Juan-Carlos O. Ferrer" <jferrer@MIT.EDU> on 02/10/2000 04:17:17 PM
To: Stinson.Gibner@enron.com
cc:
Subject: Trip to Houston

Hi Stinson, I am Juan-Carlos Ferrer, also Ph.D. student working with Gabriel
Bitran and going to Houston with Amit and Paulo on the 16th. Paulo told me
that you are interested in some information of us before going to Houston.

Well, I am form Chile, married, and father of two girls (3 and 2). I
graduated from the Engineering School at the Catholic University of Chile in
1995 having followed the track in Computer Science during the last 3 years of
school. Then, late in 1995, I was hired by the Industrial Engineering
department as a full-time Assistant Professor of Management Science, where I
was teaching and doing research until June 1997. In August 1997 I came to
Boston to join the Operations Management group in the Sloan School of
Management here at MIT. I already finished courses and qualifiers
requirements of my program, so now I am trying to come up with an interesting
research topic to develop my Ph.D. thesis.

I have been dealing with some interesting topics during the last months but
since Enron appears as an opportunity to find a more challenging and
appealing problem to me I decided to explore it. My intention in going to
visit Enron is to have a better understanding of the bandwidth business in
order to define a problem to work with. I would really like to do a thesis
that involves Internet issues and yield management models, in the line of
Amit's work.

Any other information or question you need, please feel free to contact me.

Looking forward to meeting you on the 16th.

Juan Carlos Ferrer

?? --------------------------------------
????????? Juan-Carlos O. Ferrer
??? Ph.D. student, Operations Management
???? Sloan School of Management - M.I.T.
???? of:(617)253-3597 fax:(617)258-7579
?????? http://web.mit.edu/jferrer/www/
?? --------------------------------------


Have you drafted any talking points yet?  I'm working on what I'll focus on
for the conference at Berkeley next Monday and would love to crib from your
comments.

Best,
Jeff

	Sarah Novosel
	11/06/2000 04:58 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, tim.beldon@enron.com, Susan
J Mara/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, Mark S Palmer/Enron Communications@Enron
Communications, Alan Comnes/PDX/ECT@ECT, Tom Briggs/NA/Enron@Enron, Cynthia
Sandherr/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, David
Parquet/SF/ECT@ECT, Christopher F Calger/PDX/ECT@ECT
		 cc:
		 Subject: FERC's November 9 Conference

FERC has not yet issued on the list of panel participants for the November 9
conference, but we will circulate it as soon as it is posted on FERC's web
site.  I did speak to Julie Simon at EPSA, however, and she told me that
based on calls she has received all day from EPSA members, that it looks like
FERC is mixing up the panels so that they will not be put together by market
participant class.    Julie has heard that each panel will have approximately
6 people, and each person will be given 5 minutes to make a presentation.
Each panel will have 90 minutes total, so FERC is probably planning on having
a significant dialogue with each panel after formal comments are made.

Also, Scott Miller called Julie today and told her that FERC is feeling
somewhat beleaguered by industry response to the California order.  FERC
feels that they issued a good order for marketers and generators, and they
would like to hear positive responses from market participants at the meeting
on Thursday and in the written comments on November 22.  We of course will be
expected to state our positions, but Scott asked that we (EPSA members)
temper our comments and recognize and praise FERC for the bold action it took
in the order (on things like governance, buy/sell requirement, etc.) in
addition to raising our concerns about the price mitigation measures.

Please let me know if you have any questions.  We'll let you know as soon as
we get the order for the November 9 meeting.

Sarah


If you are reading this message in plaintext or if you have an AOL address you must click on this link: http://listserv.otcjournal.com/otcjournal/20020201-1.html  and wait for a web page to automatically open up to properly read this newsletter.
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Hopefully this year's SuperBowl will prove as close and entertaining as the last Presidential Election. Maybe the Supreme Court will have to decide the winner.   SuperBowl fans know the commercials can be the most exciting part of the telecast. Advertisers go all out in a creative competition as they have the opportunity to get their message to largest imaginable audience.   Fans of the OTC Journal will have the opportunity to watch one SuperBowl this weekend, and play in one next week. As we continue to remind you, our next profile will come out toward the end of next week, and we believe this stock will be the SuperBowl of small cap stocks for our members.   The stock will begin trading sometime between Wednesday and Friday, and check our home page frequently for an update. As soon as the stock opens for trading we will hit the send button on the mail server. It will take about six hours for the newsletter to deploy, and as always there can be technology delays on the Internet.   However, the banner on our home page will update you automatically, and you will be able to simply click on it to read the profile when the stock opens for trading. Hopefully we will be able to provide a more precise time frame in an edition early next week.     [IMAGE] Small And MicroCap Stocks Avoid Wall Street Carnage This Week [IMAGE]  The latest GDP and Unemployment figures came out stronger than expected this week, leading investors to believe the end of the recession is right on schedule.   However, this good news was overshadowed by scandal related selling early in the week. The Dow and Nasdaq were clobbered early in the week, slipping below 9700 and 1900 respectively.   The thinking on Wall Street was dominated by the belief that the Enron accounting scandal was just the tip of the iceberg, and other company's financial statements would come under increased scrutiny.    Behemoth multi national Tyco (NYSE: TYC) was annihilated early in the week on fears they have been cooking the books. It was disclosed one of their directors received a $20 million payment for arranging an acquisition. Many feel this was a blatant conflict of interest.   Telecommunications giant Global Crossing (NYSE: GX) filed bankruptcy this week. Chairman Gary Winnick has taken $600 million off the table personally in the last five years. Quite a reward for failure.   Anadarko Petroleum (NYSE: APC) announced a $1.7 billion non cash charge to earnings in order to correct previous accounting issues. The stock fell nearly 8% on the news.   ImClone Systems (NASDAQ: IMCL) is being investigated by the SEC and the Justice Department. The company is accused of misleading investors on the highly touted colon cancer drug Erbitux. CEO Samuel Waksal told investors on a conference call that he was "stunned'' at the FDA's decision to refuse the cancer drug application for Erbitux. However a copy of the FDA's rejection letter was obtained by The Cancer Letter. It suggests Waksal and his brother Harlan knew, or should have known, that the FDA had serious concerns about the way the company conducted a key clinical trial. Harlan Waksal filed a Form 144 with the SEC on Dec. 6 to sell $52 million worth of ImClone stock.   Wall Street is afraid earnings and accounting scandals will dominate financial news for some time to come. Arthur Andersen generated $50 million in accounting fees from Enron last year, and companies like Enron have a lot of muscle with their auditors. In order to win the business, the consulting arm comes up with the tax avoidance scheme and earnings enhancement method, and the auditing division implements the strategy.    Like a weight lifter taking steroids, large cap companies are addicted to beefing up their financial performance at any cost. And just like the weightlifter taking steroids, this performance enhancement is not only toxic long term, it is also illegal.   In the small and micro cap arena there is significant risk associated with failed corporate performance. However, these smaller companies do not have the fiscal muscle to make their auditors bend the rules to enhance financial performance. You won't see many small company scandals associated with accounting irregularities. Their auditors take a much more conservative approach, as the auditor is more concerned with covering his own butt than collecting the reduced fees.   During this past week, while Wall Street was annihilating several of its large cap favorites, Cross Media (AMEX: XMM) and Energy Power (OTC BB: EYPSF) both traded up. Small stocks still remain a preferred and level playing field for individual investors.    Charts Provided Courtesy Of TradePortal.com    The OTC Journal is a proud partner of the SwingWire.com Online Investment Community . 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Anil,

Questions for you:  Is Zircom in an easily definable industry so we can make
comparable studies and valuations?  Is their much public history of the firm?
Will such an acquisition have a significant influence on Intel's earnings (my
guess is no since Zircom's latest annual revenue was only $500 million versus
Intel's $20+ billion revenue)?  Can we make reasonable future estimates of
Zircom's financial statements and business lines?

I, for one, have little knowledge or confidence in myself of analyzing a tech
company.  Given the fact that Anil is the only person in the industry from our
group we would be heavily reliant on him to give us strategic insight on the
companies and their businesses.  My preference- an industry that is relatively
more stable and simple for all of us to understand.  While we don't have to do
Amazon specifically, I would like an industry or company that won't require an
immersion of readings just to understand the product, sales distribution,
clients, distributors, etc.  Remember, we have to make guestimates about the
future of the industry and predict sales, costs, etc.  The nice thing about
Amazon (or a similar company) is that it is merely an Internet twist on an
industry with a very long history and an easy to understand business model.
Webvan could be another example.

Another idea:  Trying to value Fidelity Investments- a private company.  The
nice thing about this exercise is that there is a lot of data on comparable
companies (T. Rowe Price, Zurich Scudder, Franklin Templeton) and some public
information on Fidelity.  A good portion of our valuation would be based on
assumptions which means that as long as we can support our assumptions we
can't
be wrong.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    RE: Group Project
Author: cvavrek@deloitte.com (Vavrek; Carolyn (US - San Francisco))
Date:       03/14/2001 1:03 PM

My vote is for analyzing the Intel purchase because we have access to some
inside info, Anil is well versed in this industry (I assume) so we could do
some good comps analysis and it seems like the right size case for us.  We
could easily send Sarah the link Anil sent us and say that we are going to
analyze this acquisition.  I am also open to the Amazon analysis, although I
am not as excited about analyzing such a popular issue.

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

-----Original Message-----
From: Mark Guinney [mailto:Mark_Guinney@watsonwyatt.com]
Sent: Tuesday, March 13, 2001 5:11 PM
To: vavrek@haas.berkeley.edu; sama@haas.berkeley.edu; jdasovic@enron.com
Subject: Group Project

I was just brainstorming on potential projects.  I thought that an
interesting
and fairly relevant topic could be a current evaluation of Amazon.com and
how
the projected revenues & profits relate to the current stock price.  We
could
also provide some historical perspective on all realistic Amazon's stock
price
was a year or two ago relative to a discounted cash flow.  I can fairly
easily
get my hands on some Wall Street analyst research reports that could provide
us
with some insights and hints as to what Wall Street is expecting.  Most of
our
time can be spent creating a discounted cash flow model similar to what we
have
been doing in class.  Since the jury is still out on Amazon's business
model, I
think it would make for some interesting debate in class when we present our
model.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/25/2000
07:47 AM ---------------------------

Regina Blackshear@ENRON
08/24/2000 07:25 PM
To: Diane Salcido/Corp/Enron@Enron, Angela Barnett/HOU/ECT@ECT, Eve
Puckett/Corp/Enron@ENRON, Amber Limas/HOU/ECT@ECT, Judy
Hernandez/HOU/ECT@ECT, Pamela Mitchell/HOU/ECT@ECT
cc:
Subject: [Fwd: My New Best Friend]

This is a very good person to know.

[IMAGE]

Today I met  a great new friend
Who knew me right away
It was funny how she understood
All I had to say

She listened  to my problems
She listened to my dreams
We talked about love and life
She'd been there, too, it seems

 I never once  felt judged by her
She knew just how I felt
She seemed to just accept me
And all the problems I'd been dealt

She didn't  interrupt me
Or need to have her say
She just listened very patiently
And didn't go away

I wanted her  to understand
How much this meant to me
But as I went to hug her
Something startled me

I put my arms  in front of me
And went to pull her nearer
And realized that my new best friend
Was nothing but a mirror.
[IMAGE]

?

True Friends are hard to come by. Your  first true friend should be yourself.
Enjoy this poem about friendship  & pass it on to your friends.

?

[IMAGE]

Brought to you  by:

[IMAGE]

 [IMAGE]


Here you go. Let me know if any of them come back rejected.  We will work on
redoing our reports so that it does not do that anymore.  Here is the
manually revised version for email addresses.
-----Original Message-----
From: Hyatt, Kevin [mailto:Kevin.Hyatt@ENRON.com]
Sent: Wednesday, October 10, 2001 12:22 PM
To: Carrie Shapiro
Subject: RE: NGI Committee

Carrie, thanks for the list.  On the "Accepted" page, some of the emails
were truncated.  Can you get someone to fix this and resend me the page?
thanks

-----Original Message-----
From: Carrie Shapiro [mailto:CarrieS@Tradefairgroup.com]
Sent: Wednesday, October 10, 2001 11:43 AM
To: Hyatt, Kevin
Subject: RE: NGI Committee

Kevin, here is a list of folkes I invited for NGI. They are either
invited,
accepted or declined. That was as of 8.10.01.  I attached the latest
accepted only committee list as well.

Let me know if you need additional info. Thanks Kevin!

-----Original Message-----
From: Hyatt, Kevin [mailto:Kevin.Hyatt@ENRON.com]
Sent: Wednesday, October 10, 2001 10:56 AM
To: carries@tradefairgroup.com
Subject: NGI Committee

You gave me a copy of a page with all the names, addresses, phones etc.
of folks interested in the NGI committee.  It looks like it was set up
on an excel spreadsheet.  Can you please email me the spreadsheet?

thanks

kh

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


Please prepare an LNG Monthly Legal Report for October and submit it to me as
soon as possible.  Attached is the ENW Monthly Legal Report to use as a
guide.  The report should be concise, in bullet format, and submitted to me
via e-mail by the 15th of each month.


Please see attached - you sent the flowers!

Nicki

	From:  Dorie Hitchcock @ ECT                           11/12/2000 17:03

To: Nicki Daw/NA/Enron@Enron
cc:

Subject: HOLIDAY PARTY THANKS

I wanted to thank everyone involved for the beautiful bouquet of flowers that
I received today.  It was a pleasure working with all of you on the holiday
party at Enron Field.  I appreciate the executives 'stepping up to the plate'
(so to speak) when they were asked to go out on the field.  You could tell by
the roar from the audience that they thoroughly enjoyed the banter!!  I would
also like to thank Nicki Daw, Kim Hillis, Cathy Phillips, Jennifer Burns, Sue
Ford, Marsha Schiller, Liz Taylor and Kay Chapman for all their efforts and
support during the planning of this event.

My greatest reward is knowing that everyone enjoyed the festivities.  Thanks
again and I wish all of you a very joyous holiday season!!


---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/07/2000
12:32 PM ---------------------------

	Enron North America Corp.

	From:  B Scott Palmer                           09/07/2000 12:30 PM

To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by B Scott Palmer/HOU/ECT on 09/07/2000
12:29 PM ---------------------------

Phillip M Love
08/02/2000 12:10 PM
To: B Scott Palmer/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by Phillip M Love/HOU/ECT on 08/02/2000
12:06 PM ---------------------------

	Enron North America Corp.

	From:  Cecilia Olvera                           01/17/2000 01:17 PM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by Cecilia Olvera/HOU/ECT on 01/17/2000
01:16 PM ---------------------------

	From:  Jennifer Nguyen @ ENRON                           01/17/2000 01:09 PM

To: Cecilia Olvera/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by Jennifer Nguyen/Corp/Enron on 01/17/2000
01:09 PM ---------------------------

Larry Lenning <larry@apbenergy.com> on 12/21/99 02:18:13 PM
To: Jennifer Nguyen/Corp/Enron@ENRON
cc:

Subject: FW: UNO!!! the game

I could not find the good email.  Sorry.  Can I send you that type of email
or will you get in trouble? What are you doing for Christmas? Staying in
Houston?

----------
From:  Tod Vaught
Sent:  Monday, December 20, 1999 3:51 PM
To:  Goddard Hampton; James Mueller; Kyle Galloway; Larry Lenning; Paul
Lutz; Preston Higgins; Tony Tong; Will Vaughn
Subject:  FW: UNO!!! the game

----------
From:  Erin Massey
Sent:  Friday, December 17, 1999 3:54 PM
To:  Tod Vaught
Subject:  FW: UNO!!! the game

Enjoy...

 - Uno.exe


We do not have a LC  form for gas.

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


Attached is a draft of an "operational control agreement" designed to address
the concerns stated in FERC's order approving the Gallup project.  We may or
may not actually file it as part of the required compliance filing, but will
describe it in detail in the "report" FERC ordered us to file.  The
substantive terms track the language that is already in the O&M Agreement.
Please give me or Susan a call with any questions or comments you may have.
We expect to file this by I believe the 12th of Feb.  or so.  Thanks.  DF


Greg and Ben,

So is it about time to get Lisa, Herman and Rose involved in the PAD stuff?

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 12:07 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

Kay,

A&K did the title committment work and is now working on the Property
Association Documents (as is Greenberg Traurig in West Palm Beach).  Ann
Elizabeth's
last email message to me before she went on vacation was that A&K was the
designated hitter for the Midway Project.    You have been copied on those
docs which we desparately need to get to Cooney Midway Groves, the property
owner.  As far as I know, they have not been involved in anything else
related to Midway this year.

Christi left me a message saying that Lloyd Will or one of his guys needs to
review the Interconnction Agreement. I do not know Lloyd.

Greg

PS we had a good meeting with DERM on the landfill closure issues in the
Certosa Holdings deal.   I'll try to reach you this afternoon to discuss.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 7:45 AM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

How much involvement has A & K had on Midway?  I have other counsel engaged
for the sale, but this falls into a different category.

Kay

From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: RE: Midway Interconnect Agreement

Please see attachment below with Christi's comments.

-----Original Message-----
From: Jacoby, Ben
Sent: Tuesday, June 05, 2001 12:22 PM
To: Mann, Kay
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement,
and he will be sending us those comments today in a marked document. Have we
engaged outside counsel to review this agreement? I'd like to have a
commercial / legal review fully completed, and then get accounting / finance
to comment. I this something you were planning to have Carlos to work on
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction
Agreement for your reference.

Ben

 << File: FPL Construction  Connection Agreement Generic.doc >>


Hi Vicki:
I'll try to track it down.
Jeff


FYI - meter 1528 has been trying to come back up since Sat.  Sam in gas
control said it might be back up on Wed.  We currently have a nom of 500/day.

AL


Mark

Attached are my comments to your Hypotheticals.
Call with any questions

Thanks
Elizabeth
36349


In Energy Insight for Wednesday, December 13, 2000

In Energy Insight Today (Blue Banner, all subscribers)
Demand-side management is making a resurgence because of reliability issues
and increased demand. Find out more about it at http://www.einsight.com.

In Energy Insight 2000 (Red Banner, premium-pay access only)

In Energy Insight, Energy Services, Electricity deregulation has sparked an
information technology revolution. In Energy Insight, Fuels, Ocean waves are
being researched as an endless source of electric generation. Also, read the
latest news headlines from Utility Telecom and Diversification at
http://www.einsight.com.

////////////
Market Brief    Tuesday, December 12
Stocks  Close   Change  % Change
DJIA    10,768.27       42.5    0.4
DJ 15 Util.     388.57  2.2     0.6
NASDAQ  2,931.77        (83.3)  (2.8)
S&P 500 1,371.18        (9.0)   (0.7)

Market Vols     Close   Change  % Change
AMEX (000)      71,436  (27,833.0)      (28.0)
NASDAQ (000)    1,920,993       (529,883.0)     (21.6)
NYSE (000)      1,079,963       (134,567.0)     (11.1)

Commodities     Close   Change  % Change
Crude Oil (Nov) 29.69   0.19    0.64
Heating Oil (Nov)       0.961   (0.02)  (2.21)
Nat. Gas (Henry)        8.145   (1.27)  (13.47)
Palo Verde (Nov)        200     0.00    0.00
COB (Nov)       97      0.00    0.00
PJM (Nov)       64      0.00    0.00

Dollar US $     Close   Change  % Change
Australia $     1.847   (0.00)  (0.16)
Canada $        1.527   0.00    0.26
Germany Dmark   2.226   (0.00)  (0.18)
Euro    0.8796  0.00    0.30
Japan _en     111.50  0.80    0.72
Mexico NP       9.47    0.02    0.21
UK Pound        0.6906  0.00    0.58

Foreign Indices Close   Change  % Change
Arg MerVal      421.01  3.91    0.94
Austr All Ord.  3,248.50        (3.70)  (0.11)
Braz Bovespa    14906.02        -281.93 -1.8562742
Can TSE 300     9342.97 -238.95 -2.4937591
Germany DAX     6733.59 -48.93  -0.7214133
HK HangSeng     15329.6 -78.94  -0.5123133
Japan Nikkei 225        15114.64        98.94   0.66
Mexico IPC      5828.12 0.00    0.00
UK FTSE 100     6,390.40        20.1    0.3

Source:  Yahoo!
//////////////////////////////////////////////


which way?

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Friday, October 12, 2001 8:01 AM
To:	Arnold, John; Maggi, Mike; May, Larry
Subject:	New Power

For your radar screen, I'm hearing that New Power Company may want to hedge out exposure today.  I'm unclear if it will be NYMEX, options or pipe options (T'CO)
Details are sketchy, once I know I'll pass it on

Frank


You must be having a bad day!!  But you know it's not my fault...and there's
nothing soft about softball!!  And I slid yesterday, twice, so I have a
little bit of a rasberry on my calf.  Did that get me any sympathy??
Probably not!  I hope you finish close soon.

Becky Pitre
06/05/2000 05:25 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Hey

No.  Not softball.  SOFT is the key word.  B.
Hard ass, aren't I?

Robin Rodrigue
06/05/2000 05:24 PM
To: Becky Pitre/HOU/ECT@ECT
cc:
Subject: Re: Hey

I'm glad to know I'm not the only one that's this sore.  We should be sore
though.  We played 5 games.  And I played every second of every game.  Now
don't you feel sorry for me?!


where are you right now?  i am in london.  are you around?

From: Stu Staley/Enron@EUEnronXGate on 06/06/2001 08:13 AM GDT
To: Greg Whalley/HOU/ECT@ECT
cc: Liz M Taylor/HOU/ECT@ECT
Subject: Meeting next week

Greg:

I will be in Houston next Wed/Thu 13-14 Jun.  Any chance we could get
together to discuss life, Enron, and associated concepts?  Let me know what
times would suit.

Many thanks,

Stu


Path 26 N-S flows are near the limit.  BEEP has been put into split region
mode as of 1205 hours.  BEEP will dispatch in two zones and will produce two
Ex-Post prices.  Sent by Market Operations, inquiries please call the Real
Time Desk.
GUY Ridgely: <<...OLE_Obj...>>
Grid Resource Coordinator
Tel:916-351-2397
Bp;916-815-9570
email:gridgely@caiso.com
 <<...OLE_Obj...>>


Frank or Steve:
Are either of you handling a MNA with Carolina Power & Light Company, Florida Power Corporation and North Carolina Natural Gas Corporation ?  We just received a letter from Progress Energy (their parent?) and sounds like they are anxious to reach closure on a MNA.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


Contract 05591 was suspended at 11/30/2001 13:38:04

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.


Steve --

I will be traveling back from CA tomorrow so I can't make the call.  Some things to be aware of --

1.	EES/EEMC v. SCE Complaint

We filed Aug 30 before the CPUC asking the CPUC to re-instate our customer net bill amounts.  Jeff Dasovich will call John Fielder to try and see if there is anything that we can do without litigating the case (or at least delay until after legislative session).  If complaint moves forward, SCE will probably consolidate the complaint with earlier disputes.  Enron is preparing similar filing for PG&E, although we need to seek Relief from the Stay.

2.	California Legislation

SCE MOU bill (that includes DA issues) moved Aug 29 through Assembly Energy Committee.  Needs to go to Assembly Appropriation and full Assembly.  Hertzberg is trying to get out by weekend or early next week.  By removing the conservation easements, the bill has lost some liberal Democrats.  Governor Davis is asking Business to find 15+ Republicans to move the bill.  Trying to modify (1) surcharge effective date to Sept 1+ and (2) get more comfort that SCE will pay our Negative CTC if $$ exists.

Also, the Windfall Profits bill has moved through Assembly Committee.  It has to go through Assembly Appropriation and full Assembly.  Jennifer Thome has prepared a synopsis that is attached.

3.	AG Subpeona / Sen Dunn Subpeona

Litigation about both Subpeonas was heard this week in SF and Sacramento.  Mike Kirby believes that he may have swayed the Court in the Sen Dunn to provide a protective order.  A final decision may be issued next week.

4.	FERC Refund Case

Enron presented its "ripple" claim earlier this week.  Range of refunds (non-netted) is very large (please see Bob Frank for exact $$).  I have also attached a calendar of both cases prepared by Alan Comnes.  Oral testimony is being prepared in PNW case for next week.

5.	NE RTO Mediation / SE RTO Mediation

Both proceedings come to a close this week with an expectation that the ALJ issues a recommendation next week (or soon thereafter).  Looks like the best date that a large number of parties can agree to for a single NE RTO energy market is Nov 03 (PJM thinks it can happen by May 03 but wants some cushion).  Sarah Novosel is trying to best position us vis-a-vis the other stakeholders to drive it earlier.  Also, ICAP and control area consolidation is not considered at this time.  Christi Nicolay believes that the ALJ will recommend moving toward a PJM model.

6.	CPUC Decision to Suspend DA Retroactive

Sue Mara continues to push the CPUC to remove the retroactive date in the current Proposed Decision.  Some rumors that the CPUC will again delay a decision until Sept 13 (confirming so please keep close).


i haven't heard anything, i am waiting to hear.  the reg season is over but
we may have a tourney

Nick Hiemstra
06/05/2000 09:54 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: football

What's the story on the tournament?  Are we finished?


Great!  The Met has 3 hour free parking - use the "yellow entrance"  to the
Allen Center (located on the far side of the parking garage, next to all the
open air parking lots) and follow the signs for Met parking (off to the
right).  Met is on the 6th floor.  I can meet anytime around lunch - I'll go
ahead and get court for 11:30, but if you want to meet later, that would be
fine - just let me know.  Looking forward to playing.


Hey D,

What is the status on Nicor Enerchange's Master Firm?


430 is good


The report named: East Position Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=2&report_name=East+Position+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.


A quick update on a major milestone for the Unify effort, the critical
success factors and the plan for the Gas and Power deliveries.

First, the good news --- We rolled out the new Unify Financials system on
Monday. The rollout so far is very nearly a flawless success. Only 2 small
bugs have been identified and both were fixed within 1 day. The users in
Houston and London have commented that the system is noticeably faster. This
system was delivered 4 weeks ahead of the original schedule that we published
in early January. For a project of this size and complexity, this is great
news and bodes well for the next 2 major milestones.

We're not out of the woods yet. Our biggest and most risky rollouts are a few
weeks away - Power and Gas.
Even so, as we look ahead, we are very optimistic. Based on our empirical
load testing, we believe that we can now deliver incremental performance
increases and long-term scaleability far beyond what the legacy architecture
would support. Reliability and stability should continue to increase beyond
the recently improved performance we've gotten from the new legacy hardware.

This milestone success is due to the following critical factors:

? Strong Executive IT sponsorship and participation (Special thanks to
Philippe Bibi, Beth Perlman, Jenny Rub, Bob McAuliffe, Richard Burchfield)
? Strong Executive User sponsorship and user participation (Special thanks to
Sally Beck, Bob Hall, Leslie Reeves, Sheila Glover, Cindy Horn, Peggy
Hedstrom and Laura Scott)
? Adoption of a risk-managed delivery methodology based on detailed planning
and a phased delivery approach
? A talented Enron delivery team with great technical skills and the
dedication to work nearly every weekend for the last 2 months (and the next
2)
? Exemplary partnering between the Infrastructure, Application, DBA and User
teams
? Uncompromising commitments to team success from the vendors (Special thanks
to Microsoft, Accenture, Compaq, Avenade)
? Focused project management (Special thanks to Ramesh Rao, Dale Potter, Mike
Croucher and Jim Ogg).

The attachment below provides a calendar of activities for everything that's
happening between now and mid-May. Power will go live on April 23 and Gas
will go live on May 21. The user bid-week simulation and performance tests
for gas begin next week. As the calendar below shows, the team is fully
occupied for the next 2 months.

Livelink:
http://edms.livelink.enron.com/ena/livelink.exe?func=ll&objId=8743122&objActio
n=browse&sort=name

Thanks to everyone for their help in achieving this milestone as well as your
continued support as we push to deliver Power and Gas with the same level of
success. Please communicate our gratitude to each member of your respective
teams.


Patricia:  Thanks very much for your quick response.  I would very much like
to solicit your help in arranging some meetings when Lynn Aven (tax) and I
visit BA in two weeks.  We definitely want to meet with one or more members
of the ADA who are responsible for drafting and implementing the new
agreement.  And your suggestion to meet with your colleague who has been
lobbying for derivatives tax legislation is one we readily accept.  Could you
possible try to schedule these for convenient times on Tuesday and Wednesday,
February 29 and March 1, respectively?  I will be out of the office tomorrow
but in next week.  Enron is closed on Monday,  February 21 for President's
Day.  Let me know if you would like to speak directly of if I can assist in
any way.  Looking forward to our visit.  Sara


The ERCOT Board approved the congestion zones for next year, 2001. The ERCOT Board accepted the 3 CSC 4 CM Zone model for use in commercial congestion management for 2002.  Effective date is January 1, 2002.  The three CSC's are Graham-Parker 345 kV DCKT, Sandow-Temple 345 kV DCKT and STP-DOW 345 kV DCKT.  The four CM Zones are West02, North02, South02 and Houston02.  A power point presentation along with a map is available at ftp://ftp.ercot.com/CSCDATA/csc.htm.

Current Congestion Cost and Outlook.  The congestion charges that have been incurred are 55.6 million or 137 million depending on the methodology used to calculate the charge. If you look purely at the scheduled MWs then it is 137 MM based upon the ERCOT protocols. The actual cost to redispatch and clear congestion as of Sept. 22, 2001 was 55.6 MM. Both obviously are very high considering it is for one month of operation.
When the 20 MM trigger was hit August 14, 2001, ERCOT has 6 month by Protocol and reaffirmed in the commission order to implement the full zonal model. This means that there will no longer be an uplift of interzonal congestion, rather a direct assignment of the charge. The charge may be partially offset by the TCR that will be auctioned. The PUCT has indicated an interest to move to direct assignment prior to the development and implementation of a TCR instrument as a hedge.  I am chairing the congestion management working group that is deciding the TCR issue and will be dealing with the local congestion issues when that trigger has been hit.  I will attach a copy of the current draft of the TCR white paper.  In short, the TCR is a financial option that can be purchased as hedge against zonal congestion.  There is no physical requirement for the TCR in that you do not have to physically schedule to receive the benefit of the TCR.  There will be an auction on or about the 4th of February, 2002 and the full zonal implementation will take place February 15, 2002.  The tentative schedule is as follows:
?	10/5/01 - Distribute draft TCR White Paper
?	10/22/01 - Review and edit draft TCR White Paper
?	10/30/01 - Distribute TCR White Paper to WMS
?	11/1/01 - WMS Meeting; vote on PRR
?	11/8/01 - TAC Meeting
?	11/19/01 - Board Meeting
?	12/4/01 - ERCOT issues notice of TCR Auction
?	2/15/02 - First effective date of TCRs and direct assignment of CSC Congestion Costs

Capacity Auction.  The capacity auction workshops have begun to rework that capacity rule and problems experienced with the last round.  There was an initial discussion on the problems that were experienced with credit and how the standard was one-way and the buyers of capacity were left without recourse.  There was a subsequent conference call with the credit professionals to discuss the issues ( I did not participate) and there will be an additional meeting on the 19th.  The purpose of the short-term meeting are to rectify issues such as credit and documents prior to the March and July 2002 auctions.  Substantive issues such as the actual products, zone determination and the auction process will be part of a rulemaking prior to the September 2002 auction which includes annual products.

Protocol Implementation.  ERCOT is in the process of determining what should be included in the Phase II design which will begin January 2001.  There is a priority list that is currently under review by ERCOT vendors to determine lead times of Phase II items in an attempt to deliver Phase II items ASAP.  Parviz Adib from MOD stressed that there are certain issues that the PUCT expects to be addressed in Phase II.  Issues that do not require major system changes might still be doable in Phase II if the PRR Process is started immediately.  There is a placeholder in the Protocols related to BULs and loads acting as resources.

Mechanism for Simultaneous Procurement of Ancillary Services.   The PUCT has expressed concern that there could be price reversals associated with the ancillary services market (if it is assumed that the various ancillary services have different levels of value to the market).  The Board had approved a contingency plan to allow price modifications in the early markets, however the plan has not been implemented.  The WMS discussed, at length, the issue of simultaneously clearing all three markets - non-spinning, regulation, and responsive reserve.  A task force was formed to initially identify the principles for developing a mechanism for simultaneous procurement of ancillary services issue.  It was suggested that a consultant be hired to develop Protocol language once the principles are identified.  The first task force meeting was cancelled and has not been rescheduled.

Demand-Side Task Force.  Jay Zarnikau reported on activities of the Demand-Side Task Force that is addressing Balancing Up Load (BUL) Market Issues and other demand-side issues.  The PUCT expects the full functionality to be in place on January 1, 2002.  The DSTF met last on October 1st (third meeting).  The DSTF completed a draft status report on Demand-Side Resources and Demand Responsiveness.  It was noted that the work of the DSTF is not complete and has not been approved by any ERCOT Committee or the Board.  However, ERCOT was required to file a report on these issues in the STF Report.  The report reviews the policy considerations that have prompted interest in the demand side of ERCOT's market, reviews the PUCT's directive, reviews the role of demand-side resources in ERCOT's markets, and identifies the issues and impediments that the DSTF is presently addressing.  It also summarizes the options discussed by the DSTF to date.  The PUCT staff has suggested that ERCOT hire a consultant, such as Eric Hirsch, to provide more resources for this effort.  The group expects to wrap up BUL issues and address direct load control issues at its next meeting.

Unit Specific Deployments.  At the next WMS meeting October 24, 2001, there will be a discussion regarding unit specific deployments and ERCOT will discuss the issues and the difficult that participants are having to meet the ramp rates of the deployments.  The WMS will develop a list of issues and case studies for ERCOT to discuss.  The WMS also briefly discussed PRR 282 related to defining OOME as an Instructed Deviation.


Mark G. is out of the office this afternoon - perhaps Mark Taylor can
initial?  I'll look for the fax.

	From:  Tana Jones @ ECT                           03/16/2001 02:47 PM

To: Stephanie Panus/NA/Enron@Enron
cc: Daniel Diamond/HOU/ECT@ECT

Subject: RE: NDA - Choice Energy Ltd.

Can you look around for the fax of this NDA signed by the Counterparty.  Mark
Greenberg will need to initial it and then send it down to Daniel Diamond and
he will get an EnronOnline and Enron Net Works officer to sign it.  Once it
is signed we will need to fax it to the counterparty.  I will forward Dan's
email with the fax and phone number of the counterparty to you.

Thanks!
---------------------- Forwarded by Tana Jones/HOU/ECT on 03/16/2001 02:42 PM
---------------------------

EJL <ejl@choiceenergy.com> on 03/16/2001 02:11:05 PM
To: "'Tana.Jones@enron.com'" <Tana.Jones@enron.com>
cc:
Subject: RE: NDA - Choice Energy Ltd.

I have signed and faxed NDA.  PLease call if you have any questions.

E. Javier Loya
President
713-613-0500

Confidential    -     CHOICE! Energy LP Documents     -     Confidential

You are hereby notified that any distribution, copying, use or reliance upon
the information contained in this document by or to anyone other than the
recipient of this document is UNAUTHORIZED AND STRICTLY PROHIBITED.  If you
have received this e-mail in error, please contact my office at
713-613-0555.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Friday, March 16, 2001 12:47 PM
To: ejl@choiceenergy.com
Cc: Daniel.Diamond@enron.com; Bob.Shults@enron.com;
Mark.Greenberg@enron.com
Subject: NDA - Choice Energy Ltd.

At the request of Daniel Diamond, I am attaching our proposed form of
Non-Disclosure Agreement.   If the enclosed meets with your approval,
please execute the agreement and return it to me via fax no. (713)
646-3490.  I will then have it executed by Enron.  If you have any comments
or questions please call Mark Greenberg, Senior Counsel, at (713) 345-8897.
We look forward to hearing from you.

(See attached file: choice energy.doc)

 - E. Javier Loya (E-mail).vcf


Time -   2pm - 6pm
Where -  1400 Smith St
  Floor - 50
  Room - 50M (Executive Dining Room)

Please bring identification. Security will have your names.

Format:
2 hrs presentations -  Troy Blakeney, Overview of HFD (15 min)
   Dr. Persse, Overview of EMS and its Issues (45 min)
   Lisa Connolly, Overview of TriData Study & HFD/Community Discussions (1.5
- 2 hrs)

11/2 - 2 hrs -  HFD Discussions

See you Sunday!

Thanks,
Lisa


Mary Nell and Peter,

I certainly agree.  I don't know if Jeff has called Mulva but that is the
right action before we do anything else.  John will hear the result of that
conversation as soon as it happens.

Thanks and good luck.
Mike

Mike

Peter Crilly
06/08/2000 01:27 PM
To: Mary Nell Browning/LON/ECT@ECT
cc: Mike McConnell/HOU/ECT@ECT
Subject: Re: J-Block

Yes - let's wait til John gets back on Monday.

Thanks

P

Mary Nell Browning
08/06/2000 17:17
To: Mike McConnell/HOU/ECT@ECT, Peter Crilly/LON/ECT@ECT
cc:

Subject: Re: J-Block

Who would have thought we would ever see the day that the J-Block contract
was making so much money that the J-Block parties would intentionally default
under it?  I guess we were just too good at our jobs...  My quick look at the
amended contract tells me that our best contractual avenue is to analyze the
possibility of wilful default under the contract, in which case the cap on
damages would not apply.  Peter, as you and I discussed, the Bacton option
may help our analysis on this.  I definitely would want to get outside
counsel advice on the point, and in any event I agree that going to Mulva is
the right approach to begin with.  Peter, let me know what you want me to do
next, i.e., should we let the upper management contact run its course before
I go for outside advice?  I expect so, but please let me know.  Ciao.

Mike McConnell
07/06/2000 14:57
To: John Sherriff/LON/ECT@ECT
cc:  (bcc: Mary Nell Browning/LON/ECT)

Subject: Re: J-Block

John,

Hello from South America.  I just got your email and I certainly concur with
Jeff making the call.  He has maintained a good relationship with Mulva. This
was a risk that we had but we did have assurances from Phillips regarding
performance.  I don't know how much it will help however.  Richard Harper and
Mary Nell Browning may have some ideas here but I am sure you've already gone
through it with them.  I am amazed how the details get fuzzy on an old
project.  When you discussed it, i was trying to think back to our remedies
and discussions but the 3 years have made it difficult.

I don't know if there is anything I can do but I'm always willing to help.

Good luck,
Mike

John Sherriff
06/06/2000 12:09 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc: Mike McConnell/HOU/ECT@ECT, Richard Lewis/LON/ECT@ECT, Peter
Crilly/LON/ECT@ECT
Subject: J-Block

I mentioned on our conference call on Monday that J-Block has had problems
meeting our nominations from the Judy/Joanne/Janice reservoirs.

Up until recent CATS maintenance shutdown on 15 May, they were making up for
reduced production volumes by nominating to supply gas at the NBP which they
are entitled but not obliged to do.  Since return from outage at the end of
May they have declined to nominate at the NBP.

From 1 January to 15 May, the Sellers use of the NBP delivery option kept
underdeliveries to 350 mmcf (ie one day's maximum quantity) in total.  Since
returning from the maintenance shutdown, underdeliveries have totalled 850
mmcf ( averaging 77mcf/d ).

We believe that following the sharp rise in market prices during the
maintenance period, they have decided to default on the contract rather than
make up deliveries from other sources.   They have an effective cap on the
penalties of about 5 pence per therm (after taking into account the value of
the liquids) and therefore they are not making up the volumes when the daily
price is substantially higher than about 16 pence per therm.

Prior to the CATS shutdown, we had made them a proposal to enable them to
deliver additional volumes at  another alternative to avoid default but they
have not responded yet.

You mentioned that in your negotiations with Phillips they had committed to
getting us all the gas regardless of the cap on the penalties.  This has cost
us about $1.5 million to date and they seem to be institutionalising their
non performance.    Perhaps a phone call by you might help.

By the way I will be in Houston on Thursday and Friday to meet with the
delegation from Croatia and I will probably be tied up the entire time but if
you need me
for a phone call I can break away.

John


my window looks right at WTC i saw the whole thing. are your employees over
there?

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I think some relaxation time is definitely in order for you...so don't worry about tomorrow.  If you're in we can just try and buy tickets there, and if you're out I'll go to the bachelorette party...easy peasy.  Considering you start this whole ride over again on Monday, I would totally understand you wanting to bail out. Whatever you decide PLEASE do not worry about me...I am the epitome of flexible these days.

 -----Original Message-----
From: 	"corey leahy" <celeahy@hotmail.com>@ENRON [mailto:IMCEANOTES-+22corey+20leahy+22+20+3Cceleahy+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, June 15, 2001 11:04 AM
To:	Scott, Susan M.
Subject:	RE:

I'm still thinking about it.  I have had a bad week-- very stressful-- and last night I was mad at the dogs for barking so I banged on the window and put my hand right through it.  Surprisingly I was not cut very badly.  I think I need to relax a little.
I want to go, but I am just giving myself an out because I sort of feel like curling up in my bed with a tub of ice cream and a movie.  Actually, I felt that way more last night, but I gained perspective after putting hy hand through the window-- and after realizing that today is my last day here and everything will be finished for better or worse before I leave.
Count me in for now.  I will call you tonight.  Tell me your cell phone number again-- (775-6427?).  Doug just got one-- his number is 512-796-2320.
See you soon.
-Corey
>From: Susan.M.Scott@enron.com
>To: celeahy@hotmail.com
>Subject: RE:
>Date: Fri, 15 Jun 2001 10:12:05 -0500
>
>Hey Corey,
>
>Was wondering if you and Doug still had any interest in the Concert Sat.
>night. Drop me a line and let me know if you want to go ahead and buy
>tickets (they're $15 a piece). The box office opens at 8:00 and doors open
>at 9:00, but the last time I went there there was a line to get in by
>8:45...I would recommend showing up around 8:15 or so to make sure you get
>a seat inside. Still trying to figure out how guilty I'd feel missing this
>bachelorette party...
>
>Sue
>
>

Get your FREE download of MSN Explorer at http://explorer.msn.com << File: http://explorer.msn.com >>


-----Original Message-----
From: 	"Dailey, Karla" <karla_dailey@city.palo-alto.ca.us>@ENRON [mailto:IMCEANOTES-+22Dailey+2C+20Karla+22+20+3Ckarla+5Fdailey+40city+2Epalo-alto+2Eca+2Eus+3E+40ENRON@ENRON.com]
Sent:	Friday, June 15, 2001 11:55 AM
To:	Ward, Kim S.
Subject:	RE: price indications

Please provide a price for the following volumes for 2 years starting Jul
01.  All volumes are in MMBtu per day at PG&E citygate.

Jul 80
Aug 75
Sep 65
Oct 65
Nov 75
Dec 90
Jan 135
Feb 130
Mar 115
Apr 120
May 100
Jun 90


Clem:

Just wondering if I could have a response today on Bear Stearns.  Gary
Hickerson is anxioius to get this resolved today so that ENA can begin
reducing margin rates with Bear.  Thanks.

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


Need to include Saguoro

 -----Original Message-----
From: 	Schield, Elaine
Sent:	Monday, October 01, 2001 10:54 AM
To:	Kitchen, Louise
Subject:	Asset Sales Chart

	Please see the attached file that reflects the multiple for each asset sale.  As you can see for assets that had losses, we show no multiple.  Additionally, there are some assets that have no EBITDA at all (that we are aware of), thus we show no multiple.  Please let me know if this is what you expected.  Thanks!

	 << File: 2001 Gain Calcs4.xls >>


Patti will send you on Monday a draft of a memo regarding publishing the DPR
during the holidays.  Please review it and make sure that the commitments we
are making can be met by London.  Let me know if anything needs to be changed
or if there is further clarification needed in the notes, keeping in mind
that with the audience on the memo that I want it to be short and easy.  Your
comments/suggestions are welcomed and needed before I send this out later
next week.  Thanks. --sally


What I would like for my birthday is a cookbook by Paula Wolfert - "The
Cooking of South-West France"

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


Brett, this looks fine.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/18/2000
05:10 PM ---------------------------

Brett R Wiggs@ENRON
12/18/2000 04:50 PM
To: David W Delainey@ECT
cc:
Subject: Additional Language

Dave:

The following is the additional language I discussed.  Please let me know if
this is acceptable.

Thanks,
Brett

Section 24.14 Purchase Option.  Within ninety (90) Days following the
Execution Date, each of PETROBRAS and SFE agree to discuss the potential
option of PETROBRAS or one of its Affiliates to purchase all of the
outstanding equity interests in SFE following the Term of this Agreement.
Each of PETROBRAS and SFE agree that unless definitive documentation is
executed regarding such potential sale, no such discussions shall be binding
on either PETROBRAS or SFE. Each of PETROBRAS and SFE shall have no
obligation to enter into any transaction regarding such proposed sale.
Nothing in this Section 24.14 shall be deemed as a condition to the
performance of any Party under this Agreement and the failure to effect such
sale shall in no way relieve any Party of any obligation set forth herein.