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 [IMAGE]


This is very helpful.  We are putting together an aggressive outeach to
Western Senators on same subject, particularly in States where Governors have
been supportive of price caps.  We are putting together several one pagers on
same, which I will ship to you once they go final.  thanks

	Susan M Landwehr
	02/05/2001 12:03 AM

		 To: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON
		 cc: Paul Kaufman/PDX/ECT@ECT, Steven J Kean/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT,
Steve Walton/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Maureen
McVicker/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron
		 Subject: WGA price cap meeting

Jim/Rick/Linda--I have faxed to you a copy of the resolutions that came out
of the Western Governors meeting last Friday.  We were pleased to see that
there was no language endorsing price caps in the documents, nor was there
even a section suggesting that they be studied.  The resolutions included
many of our suggestions (power supply contracts,rate reforms to send more
accurate price signals, demand exchanges, eliminating barriers to distributed
generation, etc)  There was also a specific endosement of construction and
expansion of pipelines and electric transmission.

The Thursday evening keynote by Bennett Johnston was typical old fox
Louisiana style rhetoric saying that even though price caps didn't work,
gee...just this one time, they should be instituted for just the short term
(his client is SoCalEd).  The morning session started off rocky, with way too
much discussion about price caps or cost plus ratemaking being a good idea.
Mid way thru the program Gov Kempthorne affirmatively stated that he did not
agree with price caps and that actually started the discussion back on the
right road.  The Governors met in closed session at noon and then later in
the day, and ultimately there were enough Republican votes to make sure that
price caps were not endorsed.

DOE secretary Abraham was not particularly vocal during his time on the
panel, but did give good anti price cap interviews with the press later. And
good old market man Curt Hebert had some very strong statements against price
caps.  His colleagues Massey and Breathitt were both there, and did not echo
the same sentiments!

Paul and I will be talking in the next few days to plan our next strategy
with this group...it will need some continued hand holding and work.  Please
feel free to call either of us if you would like more specific info.  Please
also forward on to whoever in your group I neglected to copy or would have an
interest..  THANKS to all who helped us get ready for this meeting.


My flight doesn't get in until 10:30 or so on Friday night.  Not sure what we can still do for food at that hour.  Do people eat late in Ft. Lauderdale?  In case you're still looking for food ideas, I found these that looked interesting:

Bistro Mezzaluna
Armadillo Cafe (Davie)
Left Bank
Hobo's Fish Joint (Coral Springs)
Darrel & Olivers Cafe Maxx (Pompano Beach)

Not sure but I think the first two may be reasonably close to the airport, the next one in Fort Lauderdale but have no idea where the last two are.  All get good marks in Zagats.  Look them up at zagats.com and see what you think.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)


USA: INTERVIEW-Enron impatient at power deregulation pace.
Reuters English News Service, 10/12/01
UK: Enron's European electricity trading volumes soar.
Reuters English News Service, 10/12/01

Northwest Natural Picks Merrill, CSFB to Arrange $2.1 Bln Loan
Bloomberg, 10/12/01

UK: INTERVIEW-Metals screen trade set to evolve - Spectron.
Reuters English News Service, 10/12/01
USA: Citizen wins two Petroecuador oil contracts.
Reuters English News Service, 10/12/01

British Court Blocks Indian State's Enron Challenge, AP Says
Bloomberg, 10/12/01

USA: INTERVIEW-Enron impatient at power deregulation pace.
By Chris Baltimore

10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.

WASHINGTON, Oct 12 (Reuters) - Nearly 10 years after Congress passed the Energy Policy Act in 1992 to promote competition in the nation's $220 billion wholesale power market, Enron Corp is growing impatient.
From the U.S. Supreme Court to Congress and the Federal Energy Regulatory Commission, the Houston-based energy and commodities trading giant has spread its open-market gospel.
"Five years ago we clearly thought we would be much farther along than we are now," Rick Shapiro, Enron's managing director of government affairs, told Reuters in an interview on Friday.
"Finishing the job of making wholesale markets work across the U.S. is our number one objective," Shapiro said.
Enron has a large stake in the regulatory debate. With wide-ranging commodity positions from lumber to pulp to bandwidth, oil and natural gas, its strategy hinges on the ability to transfer those products from buyer to seller more cheaply and quickly than its competitors.
For the power market, that means Enron needs easy access to electric transmission lines, the interstate highway system that allows it to wheel supplies between regions and capitalize on short-term price imbalances.
UTILITIES BLOCK COMPETITION
Enron's big problem? Traditional utilities own transmission lines and have shaped the rules to block new entrants and favor their own generation, Shapiro said.
"Vertically integrated monopolies have been very effective in delaying wholesale competition across the board," he said.
In its pleas to Supreme Court justices and regulators, Enron has tried to empower federal regulators to force utilities to open their wires to competition.
The Supreme Court last week heard oral arguments in a case that could be a watershed for the U.S. power industry and decide whether FERC has the right to drive competition on state transmission networks.
In a classic battle of state versus federal jurisdictional turf, Enron wants the court to give FERC more authority to compel states to open their transmission grids to competitors.
Meanwhile, New York has brought a companion case that says FERC has gone too far and the court should give control of transmission wires back to the states.
"This is an example of an agency that has overstepped its bounds," Lawrence Malone, general counsel for the New York State Public Service Commission, said at the oral argument.
New York wants the court to revoke FERC's authority to regulate retail sales, contending electricity involved in such sales stays within state boundaries and is not subject to federal legislation.
"I think a victory for New York would be absolutely disastrous for consumers across the country," Shapiro said.
"FERC has jurisdiction. All they need to do is exercise it," Shapiro said, echoing Enron lawyers' case to Supreme Court justices that existing laws give FERC the power to do Enron's will.
Enron does not see a recent congressional push for energy legislation as key to its plans, Shapiro said. "FERC is doing its job on the electricity front. I'm not sure that legislation is required on that front."
FERC SHOWS PROMISING SIGNS
With new Chairman Pat Wood at the helm, FERC is moving in the right direction to drive competition, Shapiro said. "It's early in his tenure," Shapiro said of Wood. "Many of the signs are promising."
Wood has made so-called regional transmission organizations a high priority and set aggressive agency rules to drive utilities to join them.
RTOs establish common rules that allow utilities to smoothly trade bulk electricity across the borders of their own local transmission systems. Enron sees RTOs as a positive step toward competition.
In what he called a "carrots and sticks" approach, Wood signaled in late September that utilities must either join RTOs or face losing the right to sell power in wholesale markets.
FERC will hold a week-long meeting on RTOs beginning Monday.
Enron is skeptical that carrots are useful, and is a bigger fan of sticks, Shapiro said.
Utilities have "gotten quite fat over the last nine or 10 years," Shapiro said, and will shrug off FERC's incentives. "I'm not sure there are a sufficient number of carrots in the world right now to incentivize these companies," Shapiro said.

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

UK: Enron's European electricity trading volumes soar.

10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 12 (Reuters) - U.S. energy group Enron on Friday said it traded five times as much wholesale electricity in continental Europe during the first half of this year as in the same period last year.
Continental power trading director Gregor Baeumerich told Reuters the company traded 523 terawatt hours in the first half - roughly equivalent to annual German power demand - up from 93 terawatt hours in the first half of 2000.
"On average we are now doing around 200 deals a day with about 300 counterparties," he said.
Liquidity in Germany, Europe's biggest power market, had risen partly due to more trading by municipal utilities, he said.
Baeumerich said volumes in the French power market had risen sharply in recent weeks after Electricite de France last month auctioned off access to 1,200 megawatts of it generation capacity.
He said annual contracts for physical baseload power for 2002 were trading daily. Up to 30 companies participated in the French market.
"Utilities from across the continent are trading the French market," said Baeumerich.
Much of the trading took place on France's borders with neighbouring countries, he said.

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

Northwest Natural Picks Merrill, CSFB to Arrange $2.1 Bln Loan
2001-10-12 13:05 (New York)

Northwest Natural Picks Merrill, CSFB to Arrange $2.1 Bln Loan

     New York, Oct. 12 (Bloomberg) -- Northwest Natural Gas Co.
picked Merrill Lynch & Co. and Credit Suisse First Boston to
arrange a $2.1 billion loan to help finance its acquisition of
Portland General Electric, said bankers familiar with the loan.

     The high-yield loan, the largest announced since the
terrorist attacks of Sept. 11, will include $450 million of
working capital. Another $450 million will be replaced by a junk
bond of the same size, the bankers said.

     Merrill, which advised Northwest on its acquisition, will
manage the bond sale. Credit Suisse advised Enron Corp. on the
sale of Portland for $2.9 billion in cash, stock and assumed debt
to Northwest.

     Portland, Oregon-based Northwest also plans to issue $150
million of common equity once the acquisition is closed, according
to Chief Executive Richard Reiten. The company expects a nine-
month to 12-month regulatory approval period, Reiten said.

     Northwest is forming a holding company to take on the debt
needed to finance the transaction. Standard & Poor's said that the
debt at the holding company is expected to be rated below
investment grade. The utilities -- Northwest Natural and Portland
General -- are expected to keep their investment-grade ratings,
S&P said.

UK: INTERVIEW-Metals screen trade set to evolve - Spectron.
By Andy Blamey

10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 12 (Reuters) - Electronic trading of base metals futures has established a firm foothold in the market but the nature of online trading platforms looks set to evolve further, says Gavin Gross, head of LME metals at Spectron Futures Ltd.
UK-based energy and commodities broker Spectron's electronic platform for the trading of London Metal Exchange (LME) contracts has become required viewing for traders alongside the LME's own system LME Select and the Enron Group's EnronOnline.
"I think we've proved that people will trade LME derivatives contracts online, because there are some great advantages to doing so," Gross told Reuters in a telephone interview.
"And unlike the physical markets, where things haven't really taken off online, all three platforms are pretty much indispensable to the market."
Both Spectron and LME Select are neutral platforms in which Category 1 and Category 2 LME members trade with each other, while EnronOnline is open to a wider membership but has Enron itself as the sole counterparty in each transaction.
This leaves a gap in the market for a multi-party trading system open to industry participants beyond the immediate trading community, Gross suggested.
"I think the clear trend for metals derivatives trading for the future is for open platforms which would allow dealers and clients in the market to interact with each other online," he said.
Direct access for clients to an electronic trading environment could mean changes in the role of the broker, he said.
"Clients will have the advantage of more control, more visibility and more transparency in what they do. However, they'll have to pay for services," Gross said.
"You could see a situation where dealers specialise in different areas - certain dealers would provide credit functions, certain institutions would provide clearing, others would provide execution and certain companies would provide market-making."
DIFFICULT CONDITIONS
Difficult market conditions are already forcing metals traders to rethink their activities; this week alone has seen N.M. Rothschild & Sons exit base metals trading and both Bank of Nova Scotia and Enron looking to scale back.
"On the LME now you've got low volumes, falling volatilities, falling prices and we're in the grips of a bear market. It's very, very poor for business in general," Gross said.
"There are too many dealers around chasing a shrinking amount of business...Each company is going to have to look very carefully at their business and their staffing levels."
Spectron has not been immune from declining volumes.
"Our volumes for the first 12 months of operation were fantastic, way beyond what we had expected. However, our volumes have fallen in the recent quarter," Gross said.
"That's due to two factors: first, the overall market activity is lower, and second LME Select has managed to attract some of the business that we would previously have had 100 percent of."
The company is now looking at ways to further develop its trading platform.
"We're beginning to investigate ways to add certain features and do things differently. That might involve creating an alternative platform where clients could access prices and thereby widen the service," Gross said.
But, he stressed, "we have to keep the interests of our dealer clients foremost."
UNCERTAINTY
In the current environment, the LME's refusal to throw its weight behind either open-outcry floor trade or its new screen system - the exchange has taken pains not to express any preference and to "allow the market to decide" - may prove to be counterproductive, Gross said.
"By having two systems running side by side ... the exchange is almost moving in two totally different directions," he said.
"There's a feeling that the ring is doomed, which doesn't do anything to encourage its use, while the reluctance to fully back electronic trading means that you're still only seeing a trickle of business going through Select in terms of overall volumes."
While preferences vary in different sectors of the market, the current uncertainty is helping no-one, he said:
"Metals traders just want to trade. They just want to know with some kind of certainty how the market will be structured in future so they can structure their business to support that and make money."

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

USA: Citizen wins two Petroecuador oil contracts.

10/12/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 12 (Reuters) - Oil firm Citizen won the remaining two of Ecuador's crude oil contracts by matching the price differential of $6.97 below West Texas Intermediate (WTI) set by another bider, Petroecuador said Friday.
Petroecuador awarded U.S.-based Citizen two contracts, each of 12,000 barrels per day (bpd), for three months after matching Coastal Petroleum's bid of $6.97 under WTI, with a floor price for WTI at $20 per barrel.
Petroecuador last week retendered eight three-month crude lots, each for 12,000 bpd, following a price dispute with former contract holders that led Ecuador's state oil company to break the deals.
Enron Corp. and Rio Energy were awarded earlier this week one 12,000 bpd contract each, while Anglo Energy and Coastal each will take two contracts.
The new contract holders will start loading their first cargo during the first half of November, a Petroecuador official said.
Petroecuador will set the price of Ecuador's crude for December and January based on market values.

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

British Court Blocks Indian State's Enron Challenge, AP Says
2001-10-12 12:25 (New York)

     Mumbai, Oct. 12 (Bloomberg) -- Enron Corp.'s bid for
international arbitration over its Dabhol Power Co. project to
recover claims of as much as $5 billion can't be delayed with
legal action by an Indian state government, a Commercial Court in
London ruled, the Associated Press reported.

     The injunction prevents the Indian state of Maharashtra from
initiating legal action that would delay arbitration of disputes
over the Houston-based power company's project, AP said, citing
Enron.

     The injunction obtained Wednesday is separate from a case
pending before the state-owned Maharashtra Regulatory Commission,
AP said. The Maharashtra State Electricity Board has said it can't
afford the energy prices negotiated seven years ago.

     An Indian court has ordered a stay until a decision is
reached on whether the commission has jurisdiction in the matter.
Enron has a 65 percent stake in 2,184-megawatt power project,
India's biggest foreign investment, AP said. The company wants to
pull out of India and recover its investment and that of its
partners, General Electric Co. and closely held Bechtel Group.


In response to FERC's charge for industry to develop a standards-setting organization by March 15, 2002, the Alliance of Energy Suppliers and EEI, with participation by you, the industry, are conducting a series of industry-workshops to facilitate the development of this standard-setting organization . FERC made it very clear at its December 19 public meeting that if we [industry] do not develop this entity and its functions, FERC would do it for us. This is a very important issue to the generator and power marketing community. The Alliance recognizes that it is imperative that the generator and power marketing community be involved in this process from the very beginning, so we strongly encourage your participation in these workshops.

So to preempt a FERC-mandated process, we strongly encourage industry to participate in these workshops, so to provide valuable commercial input into the process that aims to achieve industry consensus around a work product that will be submitted to FERC on or by March 15. If not, we will experience another month-long series of FERC-directed daily meetings, similar to that of the Generator Interconnection process. And, if you did not have the pleasure of being apart of those proceedings, the overwhelming sentiment was that it was a strain for many companies to allocate personnel and financial resources to attend meetings for three to four days out of a week for a full month.

So to that end, Tuesday, January 15, 2002 in Phoenix, AZ will kick-off the first of a series of national meetings held in various regions of the country. Recognizing that market participants are located in various geographical locations, we tried to be sensitive to that and choose meeting locations accordingly. However, it is important to stress that these meetings are sequential, in that each meeting will yield a draft work product more refined than that of the last meeting. So we encourage you or a member of your company to attend all four regional meetings and the final local Washington meeting in February to provide input throughout the process.

Prior to each meeting, a draft agenda will be circulated to help you prepare for the meeting. We scheduled these meetings around the announced January 22-25 FERC Technical conference on Standard Market Design and the follow-up January 28 DOE meeting on Commercial Business Standards, so to allow maximum attendance at all of these very necessary and inter-related conferences and meetings.

Attached is the registration form and draft agenda for the Phoenix, AZ meeting. The meeting will be from 8AM-3PM. Hotel information is provided on the registration form as well. We are extending registration through January 14.

Upcoming Alliance/EEI Commercial Business Standards Workshops :
Tuesday, January 29- Cincinnati, OH
Friday, February 1- New York City
Tuesday, February 12- Atlanta, GA
Tuesday, February 26- Washington, D.C.

If you have any questions, please feel free to contact me at (202) 508-5098 or via e-mail.

Tonja Wicks
Manager, Energy Supply Policy
Alliance of Energy Suppliers
Edison Electric Institute
Phone: (202) 508-5098
Fax: (202) 508-5600
Fax: (202) 508-5445

 - draft Phoenix agenda rev.doc
 - RegForm.Phoenix.doc
 - Alliance of Energy Suppliers.vcf


Enron Employees Watch Their Options Devalue as Shares Fall
2001-10-25 18:00 (New York)

Enron Employees Watch Their Options Devalue as Shares Fall

     Houston, Oct. 25 (Bloomberg) -- Enron Corp. prided itself on
sharing the wealth with employees when the company was posting
record profits last year. Now, from the boardroom to the mailroom,
employees are sharing the pain.

     Enron, the largest energy trader, grants stock options to the
bulk of its 20,000 employees. Under Enron's standard compensation
package, stock options constitute 5 percent of most employees'
annual base salary, spokeswoman Karen Denne said.

     Employees held 46.8 million exercisable options as of the end
of 2000, all at average prices above the company's current share
price. The stock has dropped 80 percent this year.

     ``Virtually every option is under water right now,'' Denne
said.

     Enron's board sets the strike price for the options in
December or January. Employees can't cash the options in and make
a profit unless the stock is trading above the strike price. At
the end of 2000, Enron shares were trading at $83.13. In December,
the board set a strike price of about $80.

     Shares of Houston-based Enron fell 6 cents to $16.35 today.
They have lost 37 percent of their value so far this week.

     Enron said Monday that the Securities and Exchange Commission
was asking questions about partnerships run by Andrew Fastow, who
was ousted as Enron's chief financial officer yesterday. One
partnership cost the company $35 million, and Enron bought back 62
million shares from another at a cost of $1.2 billion.

     Enron named Jeff McMahon, head of its industrial markets
group, as CFO late yesterday.

                         Unvested Options

     Another 96.1 million options granted to Enron employees
hadn't vested as of the end of last year. About 15.4 million of
them, or 16 percent, were at prices ranging from $6.88 to $20 a
share. The rest vest at levels well above the current share price.

     Experts who have watched the devaluation of stock options in
other industries, such as technology and telecommunications, say
it becomes demoralizing for workers to watch share prices fall
below their options.

     ``It looks bad,'' said Mark Edwards, chairman of IQuantic
Buck, a Mellon Financial Corp. unit that provides compensation
consulting. ``Employees look at (the stock price) every day, and
it's a continued disincentive to them.''

     While Denne said Enron doesn't have any plans to reprice its
employees' options, the company did issue a one-time stock option
grant at $36.88 in August, when Ken Lay resumed his former role as
the company's chief executive. Lay, who had held the job for 15
years, turned the position over to Jeffrey Skilling in February.
Skilling quit in August, citing family reasons.

     The August grant, which was equivalent to 5 percent of
employees' base salary, didn't require a vesting period, but was
exercisable immediately. Enron's shares haven't closed above
$36.88 since Aug. 29.

--Margot Habiby in the Dallas newsroom (214) 954-9452, or
mhabiby@bloomberg.net, with reporting by Loren Steffy in Houston,
through the Princeton newsroom (609) 750-4500/alp/taw


February 7, 2002

NESA Members:

Our next upcoming technical training event is Nominations thru Allocations,
March 12 and 13.  It will be held at Koch Industries, Houston, TX.  For
everyone who is interested, attached is our brochure or you can visit our
website for more information www.nesanet.org.

Also, please make note of a date change on our Calendar of Events.  The next
in series Nominations thru Allocations is changing from July 16 & 17, 2002
to August 13 & 14, 2002.

Please call me with any questions (713) 856-6525 or contact me via email.

Thanks so much!
Lana Moore

 <<521_Nominations.pdf>>    <<2002 Calendar of Events .doc>>

UPCOMING EVENTS:

Feb 20 - Storage Economics Brown Bag
Mar 18 - Charity Golf, Champions Golf Course
Apr TBA - Crawfish Boil
Apr 9 & 10 - Risk Management Technical Training
Apr 29 - May 2 - HOUSTON ENERGY EXPO!!


dial-in number	888.380.9636
Host code	693470 (Louise)
partic. code	257749


Attached is Thursday's Board Meeting Agenda.

 - agenda127.doc


Vince, I received this inquiry about you.  I am forwarding it to you so you
can respond to it or politely tell them your not interested.

---------------------- Forwarded by Cindy Derecskey/Corp/Enron on 07/18/2000
12:03 PM ---------------------------

"alex.bandini" <alex.bandini@petroleum-economics.com> on 07/18/2000 11:10:23
AM
Please respond to <alex.bandini@petroleum-economics.com>
To: <public-relations@enron.com>
cc:

Subject:

Dear Sir/Madam,

I am writing on behalf of Petroleum Economics Ltd, an energy consultancy
firm based in London. We are currently updating our lists of contact
addresses, and I would be most grateful if you could pass on contact details
for Mr Vince Kaminski, your Head of Quantitative Research.

Yours Faithfully

Alex Bandini

_________________________________________

Alex Bandini

Petroleum Economics Limited
Tel: +44 (0)20-7553-2000
Fax: +44 (0)20-7553-2001
E-mail: alex.bandini@petroleum-economics.com
http://www.petroleum-economics.com


Please see attached per your request

Mike D.


Since we talked about a lot of different spreadsheets, can you give me some more guidance on what was included in the spreadsheet I talked about so I will send you the correct one.

Stacey

 -----Original Message-----
From: 	Luu, Duong
Sent:	Thursday, January 31, 2002 5:24 PM
To:	White, Stacey W.
Cc:	Nat, Steve
Subject:	Trader Position Sheet

Stacey,

Would you please send us trader's position sheet that you mention in our meeting few days ago
Currently, we work on building a prototype for traders.

Regards,
dluu


Pretty small stuff from a dollar standpoint.  Perhaps the sky is not falling.

Ben F Jacoby@ECT
09/22/2000 04:29 PM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Updated Enron Discrepancy list

This seems too small to bother with. What do you think?

Regards,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 09/22/2000 02:40 PM
---------------------------

Matthew Tezyk@ENRON_DEVELOPMENT
09/22/2000 03:30 PM
To: Ben F Jacoby@ECT, Kay Mann@ENRON, Robert P Virgo@ECT, Brian
Hulse/Corp/Enron@ENRON
cc: Dan Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Mayeaux/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank R
Cervenka/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Updated Enron Discrepancy list

Ben,

Per our conversation, attached is the requested Punchlist.  The original,
estimated value to correct all the discrepancies was approximately $250,000.
After our discussions with SSEP on September 19, 2000, staffing levels and an
increased productivity correcting the discrepancies took place.  Currently,
we estimate that SSEP has about $35,000 left to correct and we expect them to
finish by September 30, 2000.  Please note that the aforementioned
description does not include the discrepancy we discovered concerning
Enclosure Area Classification relating to gas migration.  We estimate that it
will cost approximately $2,000 per unit ($48,000) to correct.  Our
engineering is looking at this now and we plan to have an answer on this next
week.

If there is any further assistance we can provide, please contact me at
713-646-8258.

Matthew Tezyk
Project Manager
---------------------- Forwarded by Matthew Tezyk/ENRON_DEVELOPMENT on
09/22/2000 11:53 AM ---------------------------

	Enron Engineering & Construction Company
	From:  Frank R Cervenka                           09/21/2000 01:47 PM

To: armstrongm604@cs.com
cc: Matthew Tezyk/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
michael.storm@ss.ps.ge.com
Subject: Updated Enron Discrepancy list


Here is the morning ops.  Congrats on the new baby.


I've gone through most of the CES stuff for Jan.  I'm missing several demand
charge contracts and commodity for CES on Trco.  I think you need to call me.


To make telephone conference arrangements, call attorneys, Dare Law at (213) 894-4925 or Russell Clementsons at (213) 894-4505.


newport??

"Eva Pao" <epao@mba2002.hbs.edu> on 05/09/2001 05:06:50 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: in

i'll call

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, April 29, 2001 8:15 PM
To: epao@mba2002.hbs.edu
Subject:

pookie:
check this out:
www.sailmainecoast.com/index.html


Kay, I have told Rob that we are not pushing GE for this point.  WestLB is
plenty protected without it.  If GE gives a yes to the change on Monday -
Great!  If no answer or answer is no - we take what we have.  Therefore,
please log  call into GE on Monday am and let them know we need an answer on
Monday and would appreciate if they would accomodate us.

Lisa

Kay Mann
12/10/2000 02:25 PM
To: Roseann Engeldorf/Corp/Enron@ENRON
cc: "Taylor, Rob" <robtaylor@akllp.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>, "Lisa Bills (E-mail)" <Lisa.Bills@enron.com>, "Roseann
M Engeldorf (E-mail)" <Roseann.Engeldorf@enron.com>, "Bunk, Sean"
<seanbunk@akllp.com>, "Sheila Tweed (E-mail)" <Sheila.Tweed@enron.com>

Subject: Re: Winston & Strawn Comment: Consents to Assignment

I forwarded the email to GE and received no comment back.

Kay

From: Roseann Engeldorf on 12/10/2000 02:22 PM
To: "Taylor, Rob" <robtaylor@akllp.com>
cc: "Kay Mann (E-mail)" <kay.mann@enron.com>, "Lisa Bills (E-mail)"
<Lisa.Bills@enron.com>, "Roseann M Engeldorf (E-mail)"
<Roseann.Engeldorf@enron.com>, "Bunk, Sean" <seanbunk@akllp.com>, "Sheila
Tweed (E-mail)" <Sheila.Tweed@enron.com>

Subject: Re: Winston & Strawn Comment: Consents to Assignment

Kay mentioned to me (I think it was on Friday) that she may be talking to GE
about this - don't know if she did or what the outcome was, so stay tuned.

Thanks,

Rose

	"Taylor, Rob" <robtaylor@akllp.com>
	12/08/2000 12:12 PM

		 To: "Roseann M Engeldorf (E-mail)" <Roseann.Engeldorf@enron.com>, "Kay Mann
(E-mail)" <kay.mann@enron.com>, "Sheila Tweed (E-mail)"
<Sheila.Tweed@enron.com>, "Lisa Bills (E-mail)" <Lisa.Bills@enron.com>
		 cc: "Bunk, Sean" <seanbunk@akllp.com>
		 Subject: Winston & Strawn Comment: Consents to Assignment

Winston & Strawn has asked that the following be added to the Consents
to Assignment (e.g., in the "Successors and Assigns" paragraph):

"WestLB is an express third-party beneficiary of this Consent."

Please forward the revised draft of the GE Consent to Winston & Strawn
(toxley@winston.com).

Regards,

Rob Taylor
Andrews & Kurth L.L.P.
600 Travis Street
Suite 4200
Houston, Texas  77002

Tel: (713) 220-4436
Fax: (713) 238-7273
e-mail: robtaylor@andrews-kurth.com

This e-mail is privileged and confidential and is intended only for the
recipient(s) named above.  If you are not the intended recipient, please
(i) do not read, copy, use or disclose the contents hereof to others
(any of the foregoing being strictly prohibited), (ii) notify the sender
immediately of your receipt hereof, and (iii) delete this e-mail and all
copies of it.


POINTY HEAD!!!!!!     I KNEW IT!  Poor little fella.

I like the apartment but the walk to the parking garage is terrible.  I don't think Immer is going to like it very well either when she's lugging the baby around.  Talk about space, I GOT IT!  For now anyway.  Yeah, I've emptied my car of certain items because I didn't want to carry them around.  Hey we need to discuss how to divy those up.  I've always wanted them even though I don't use them.  Dad gave me the single shot 12, but there is still the little one, the double (the prize possesion) and the new one that you wanted to use.

The apartment is still pretty empty.  I didn't want to empty my boxes until we got Immer's stuff in there.  I don't think she has that much either, living room furniture, bed, 2 bedroom night stands, armwour, kitchen talble, 1 stupid cat.....

 -----Original Message-----
From: 	Jerry W Germany <germanj@basf-corp.com>@ENRON
Sent:	Wednesday, February 20, 2002 8:23 AM
To:	Germany, Chris
Subject:	Moving

 Did you remember that we put some items in your vehicle that you wanted me
to take home cause Ingrid is not to crazy about them.   I did not take
them, forgot.   Are they still in the back of your Explorer?   How's the
new apartment.   You about got it all set up.   Nice apartment.   I like
it.    Did not deposit the $125 in your account from the washing machine
sell.  Used $65 on changing the oil in the tractor and buying a grease gun
to lubricate the water pump.   Water pump still leaks so we I'll pull the
pump this weekend and send it off for repair.

We received a  letter from Chance.   Said they shaved his head and that his
head was pointy.


Melissa,
 The maximum rate which HPL is authorized to impose for 311 transportation
service may be established by either a rate proceeding before the FERC which
would have to be renewed every 3 years or by using the margin component of a
city gate rate which has been approved by the state regulatory agency.  In
HPL's case, HPL has filed with the FERC that its rates will be the margin
component of the City Gate Rate approved in Docket No. 592 before the Texas
Railroad Commission.  This allows HPL to use this margin determined as
provided in the February 8, 1974 contract between Entex and HPL as its
maximum rate for 311 service.  That is one of the reasons that HPL continues
to sell certain volumes of gas to Entex under that contract.   You can
probably contact Steve VanHooser for any documentation that he may have
concerning the applicable FERC filings if Tom Shelton does not already have
such information.

 Please reforward your message to me after the 18th so that I can contact
Aquila concerning where we next proceed concerning HPL's contract.

	mrgraves@aep.com
	06/08/2001 09:49 AM

		 To: dan.j.hyvl@enron.com
		 cc:
		 Subject: Aquila Contract and 311 Grandfathered Transportation

Dan,

Per our phone conversation, please contact Kathy Dirks with Aquila Energy
Marketing, Corporation regarding the final negotiations of their master
contract.  Per Kathy, this HPL contract has been in negotiations for almost
a year, and they are very close to finalizing.  Her phone number is:
816-527-1560.

Also, at yesterday's meeting regarding the various AEP Entities, you
mentioned that HPL has 311 Transportation with a Grandfathered Rate.  Do
you have any documentation regarding this arrangement, or can you refer me
to the person that could provide this?

Thank you,
Melissa Graves


Attached is SCE's proposal for implementation of the California Procurement
Adjustment under ABX-1. I will be sending SDG&E's and PG&E's under separate
e-mail.

Please review carefully each carefully. Specifically note the SCE's and
PG&E's provisions for dealing with the direct access credit.  The ALJ Ruling
in this proceeding states that parties may serve modifications the UDCs'
proposals on February 28th (or put in their own proposal for a CPA).  The
ruling the provides for parties to "serve comments on any of the proposals
for a CPA" on March 5th.  Bottom line is I think we can get away with not
commenting until the 5th. In either case, there is not a lot of time, so
please get me any thoughts/comments concerns as soon as possible.

Jeanne Bennett

Subject: A.00-11-038 - SCE Testimony

To  All Parties of Record in A.00-11-038:

Attached is a copy of Southern California Edison Company's Testimony in
Compliance with the ALJ's Procedural Schedule. This testimony is also being
served today, February 23, 2001, via U.S. mail.

(See attached file: letter.pdf)(See attached file: Testimony.pdf)(See
attached file: CPABA_Proposed.pdf)

 - letter.pdf
 - Testimony.pdf
 - CPABA_Proposed.pdf


As far as lunch, it's a done deal.  I need names of people who should be
allowed.  It is not for the whole floor, but rather for people who need to
stay at their desk during the day.  Please advise,
John

	Enron North America Corp.

	From:  Kori Loibl                           09/28/2000 02:24 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject:

Just wanted to say "thank-you" for dinner last night.  It's unfortunate Errol
and Dutch didn't make it, they are the ones who do all the work for you.

Are you going to hook me up on the lunch police?

Thanks again,

Kori.


I just heard the same.  I was talking to Tim about the requirements being
made regarding daily confirmations, and the final decision was not to confirm
PGE daily deals.  Question though,  when we put deals into the system in
Blotter, they automatically confirm.  Do we have to go into every deal and
switch the flag or is there a better way around it?

d


Folks? (see attached request from Lindahl)
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/07/2001 09:56
AM ---------------------------

Kurt Lindahl@ENRON_DEVELOPMENT
05/05/2001 06:56 AM
To: Joseph Alamo/NA/Enron@ENRON
cc:

Subject: Re: Meeting/Availability for May 11th

Joseph,

Thanks for setting up the meeting.  I would like to move the start time upt
to 9:00 or 9:30 am if that is convenient for Jeff and Sandi.  Please advise.

Kurt

	Joseph Alamo @ ENRON
	05/04/2001 04:26 PM

To: Kurt Lindahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sandra McCubbin/NA/Enron, Jeff Dasovich/NA/Enron

Subject: Meeting/Availability for May 11th

Kurt,

I now have confirmations from both Jeff Dasovich and Sandi McCubbin, who
should both be
available to meet with you here in our offices on Friday, May 11th (10 a.m.,
correct?).

Please keep me apprised of your plans.

Thanks,

Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
(415) 782-7841


Rick,

Aside from what you already know on the Enron de Mexico ENA regulatory and
commercial front (in documents that I gave you), I am also supporting
HydroMod and EBS in their efforts to materialize business oportunities in
Mexico.

Attached you will find activity reports on these matters.

Enron de Mexico has also taken an active  role in the Bufete Industrial deal
with EE&CC although I do not have anything to do with that.  Nevertheless, I
should say that the One Enron approach is at work in the Mexico City office.

Apparently very soon EBS is going to sublet some space in our MX City office
and get someone on the ground permanently.  They have been talking about the
possibility of getting some regulatory support here from me.  Is this
convenient for our organization?  How should we go about it?

Best,

Ricardo


can we get a copy of gary's comments from cnbc?
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 08:59 AM -----

	Maureen McVicker
	12/04/2000 08:48 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Re: See Jeff Skilling's CNBC interview on IPTV

FYI -

----- Forwarded by Maureen McVicker/NA/Enron on 12/04/2000 08:48 AM -----

	Gary Hamel <ghamel@strategos.com>
	12/02/2000 06:27 AM
	Please respond to ghamel

		 To: Maureen.McVicker@enron.com
		 cc:
		 Subject: Re: See Jeff Skilling's CNBC interview on IPTV

You might be interested to know that I gave Enron a big plug last week when I
served as guest host on the evening
European news roundup broadcast from CNBC's London studios.

Gary.

Maureen.McVicker@enron.com wrote:

> >From Maureen McVicker (Steve Kean's Assistant)
>
> If you have any questions, please call me at 713-853-1808.
>
> ----- Forwarded by Maureen McVicker/NA/Enron on 12/01/2000 04:32 PM -----
>
>                     Public
>                     Relations            To:     All Enron Worldwide
>                     Sent by:             cc:
>                     Public               Subject:     See Jeff Skilling's
CNBC interview
>                     Relations            on IPTV
>
>
>                     12/01/2000
>                     03:19 PM
>
>
>
> (Embedded image moved to file: pic26924.pcx)        Public Relations
>
> Did you miss Jeff on CNBC "Street Signs" yesterday?  Not to worry.  Your
> ever benevolent communications team has arranged for Jeff's interview to be
> played on an IPTV webcast.  Just point your browser to
> http://iptv.enron.com, click the link for special events, and then choose
> "Skilling CNBC."  The interview will be available every ten minutes through
> Wednesday, Dec. 6.
>
>   ------------------------------------------------------------------------
>                    Name: pic26924.pcx
>    pic26924.pcx    Type: Corel PHOTO-PAINT 6.0 Image
(application/x-unknown-content-type-CorelPhotoPaint.Image.6)
>                Encoding: base64


Did you get my voice mail about the logistics of tomorrow night?

-----Original Message-----
From: Karen L. Taylor [mailto:kltaylor@duke-energy.com]
Sent: Tuesday, November 06, 2001 4:34 PM
To: plucci@enron.com
Subject:

Mark and Rachel Reinert and Marc and Sheri Bokelman will also be at the
concert tomorrow night.


Stinson,

Most recent version of my presentation.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/06/2000
01:42 PM ---------------------------

VKaminski@aol.com on 03/05/2000 05:21:09 PM
To: vkamins@enron.com
cc: VKaminski@aol.com
Subject: options2

 - options2fin.ppt


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/18/2000
11:01 AM ---------------------------

08/11/2000 06:43 PM
Phil Sisneros@ENRON COMMUNICATIONS
Phil Sisneros@ENRON COMMUNICATIONS
Phil Sisneros@ENRON COMMUNICATIONS
08/11/2000 06:43 PM
08/11/2000 06:43 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:

in town most of next week--cell number is 503.701.3691.  i'd love to get
together even for 30 minutes if you have the time


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=11/16/2001>, published as of 11/16/2001 is now available for viewing on the website.


Here is some information you need for the move:

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Lucy,

Here is a rentroll for this week.

What is the outstanding balance on #1.  It looks like 190 + 110(this week)=
300.  I don't think we should make him pay late fees if can't communicate
clearly.

#2 still owe deposit?

#9  What day will she pay and is she going to pay monthly or biweekly.

Have a good weekend.  I will talk to you next week.

In about two weeks we should know for sure if these buyers are going to buy
the property.  I will keep you informed.

Phillip


The Reliability Compliance Monitoring Subcommittee ("RCMS") of the New York
State Reliability Council ("NYSRC") is posting this message to inform all
interested parties of the ability to attend in person or participate, on a
"listen-only" basis, in the NYSRC RCMS's Meeting No. 23 scheduled for
Thursday,
November 1, 2001, starting at 10:00 A.M. at the New York Independent System
Operator
("NYISO") Power Control Center in Guilderland, NY.  Attached in Word format
is the
Agenda for this meeting.  The NYSRC has opened its Committee, Subcommittee,
and
Working Group meetings in accordance with NYSRC Policy No. 2, available by
clicking
on the following:"http://www.nysrc.org/tcweb/pdf/Policy%202-3%20Final.pdf".

Those who plan on attending the meeting in person are requested to contact
Mr. George Loehr at least three (3) days in advance of the meeting (by at
least October 29th) by sending an email to "gloehr@eLucem.com", with the
names
of the individuals & organizations attending.  Meeting space will be
available on a first-come, first-served basis due to the space limitations
of the conference rooms.

Those wishing to participate on a "listen-only" basis can call (954)
797-1657, and enter Participant Code 493440, starting at 10:00 A.M.
Participants will be required to place their telephones on mute so as not
to prevent other parties from participating.  Those who plan on listening
to the meeting shall send an email to Mr. Loehr's attention at
"gloehr@eLucem.com" with the names of the individuals & organizations
participating.

Attendees who are not NYSRC RCMS Members or Alternate Members will be given
an opportunity to comment at the end of each meeting, or earlier at the
Chairman's invitation.

Joseph C. Fleury
Secretary, NYSRC Executive Committee

Agenda:   (See attached file: RCMS Mtg#23 Agenda.doc)
 - RCMS Mtg#23 Agenda.doc


Here are the assumptions you will need:

VOM:  $2.23
H.R.:  10,400
Cost/Start: $257.00
Power Curve: Nepool
Start Date: 6/1/01
Gas Curve: Transco Zone 6

Need:
4 and 5 year capacity numbers ($/kW-mo.) on a yearly basis

Give me a call if you need any more information. Thanks
Ben


As some of you might already know, I resigned today.  I feel fortunate and blessed to have had this experience here at Enron.  Not only have I learned a tremendous amount, but I also have met some very talented and unique people.  I am not 100% sure what I will do at this point, but I will probably be heading up to NYC in January.  I feel sad to end this chapter, yet excited as I begin a new one in my life.

As always, it has been a pleasure working with you!  Keep in touch.  I will be interested to see what happens.

Carole C. Frank
Enron Net Works

713.345.3960 work
713.446.9307 cell
713.467.3860 home
carole_frank@excite.com


As you are aware TD were concerned about the basis risk embedded in the
prepaid swap structure . They plan to hedge their Enron exposure by buying
credit default swaps in the market. However under credit default swaps, only
a default on debt as defined by GAAP is  included as a credit event, and
swaps are excluded from this definition .  This basis risk  therefore occurs
where  Enron defaults on the oil swap but has not defaulted on any debt. This
does not trigger a payout to TD under their credit protection, their recourse
will then be through  the Corp guarantee with time delays.

To mitigate that risk it was proposed that  in the event of an Enron default
under the prepaid swap, the MTM termination value of the swap would be
converted into a loan and Enron would automatically default on that loan.
TD's counsel came back late on Friday to say that they could not give a clean
legal opinion on this  structure.

We therefore proposed an alternative structure which involves TD and Enron
entering into a loan of $10.1m at the same time as the swap is executed. This
loan will  be in the name of Enron Corp. In the event of an Enron default on
the prepaid swap, this will cross default into the $10.1m   loan and that
forms the required trigger for TD's  credit default swaps.   The lawyers
signed off on this last night and Norton Rose are now preparing the loan
documentation.
They are basing it on the May 2000, 364 day Enron Corp facility and we are
expecting first draft tomorrow. I will forward this to you when I receive it.

The deal itself is still undefined as TD have  credit approval subject to
presyndicating the loan to two other banks and putting a certain level of
credit protection in place prior to executing the trade.
The confirm/term sheet has not changed from two weeks ago and I have
forwarded Sara's  comments to TD but their focus has been on getting credit
approval rather than docs until today.  We have not sent a confirm to Morgan
Stanley yet as we plan to replicate  whatever  confirm we agree with TD.

I will keep you informed as to TD's progress.

Regards


----- Forwarded by Richard B Sanders/HOU/ECT on 03/26/2001 01:31 PM -----

	Peter Keohane
	03/26/2001 11:15 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Re: Project stanlet tapes

Project Stanley tapes were destroyed.

NGX is covered - we continue to negotiate a commercial solution which will
see EOL data included in the index - had a meeting Friday and we are getting
closer.

The shaved head is Powell's deal - can you believe a guy shaving his head
just to suck up for a promotion?

Peter.

From: Richard B Sanders on 03/25/2001 12:32 PM CST
To: Peter Keohane/CAL/ECT@ECT
cc:
Subject: Project stanlet tapes

Did we ever destroy these tapes?
Also-- I am assuming that NGX is well covered and that you don't need any
help. If not, please let me know. Perhaps I can get info from Mark Powell--by
the way is there some sort of fashion trend in Canada invoving shaved heads?


This is probably good for everyone to see...check it out.
---------------------- Forwarded by Bill Williams III/PDX/ECT on 03/15/2001
09:42 AM ---------------------------
   Kate Symes                03/15/2001 08:51 AM

To: Holden Salisbury/PDX/ECT@ECT, Monika Causholli/PDX/ECT@ECT
cc: Bill Williams III/PDX/ECT@ECT

Subject: CTPY Name Change

Another trivial counterparty name change - it's Enmax Energy Corp., not just
plain old Enmax Corp. These deals have been changed.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/15/2001 08:52 AM
---------------------------
To: Rhonda L Denton/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT

Subject: Re: Enmax

Rhonda,

You are correct!

Rhonda L Denton@ECT
03/14/2001 03:40 PM
To: Kate Symes/PDX/ECT@ECT
cc: Wendy Conwell/NA/Enron@Enron

Subject: Enmax

540039, 541695, 541715, and 541737 are booked to Enmax Corporation.  I think
they should be booked to Enmax Energy Corporation.  Wendy Conwell in credit
has prepared a credit work sheet on this CP so I believe this is the correct
entity.  Can you check?


Dannis Bellard is transitioning into the MOPS system and he needs to be there.  I will be there if you need me to.

DS

 -----Original Message-----
From: 	Burleson, Bob
Sent:	Monday, August 27, 2001 12:02 PM
To:	Guidry, James; Pribble, Dan; Frazier, Perry
Cc:	Schoolcraft, Darrell; Huber, Lee; Stage, Michael G.
Subject:	Blk 831 Outage

BP-Amoco has requested a meeting take place in our offices on the afternoon of September 11th, or anytime September 12th or 13th.

Please check you calendars and let me know when you would be available. They are interested in discussing the outage and the resulting delays in re-establishing service.  Also, they are wish to  understanding the nature of the delays, the likelihood they may be repeated in the future, how communications between our companies can be improved, and how to promote a better relationship at the operations level between our two companies.

They mentioned that they have suffered economically, and may seek some form of restitution.

Thanks for your help,

Bob


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 06/29/2000 05:33
PM ---------------------------

	From:  Jay Reitmeyer                           06/29/2000 04:58 PM

To: Mike Grigsby/HOU/ECT@ECT
cc:
Subject: ECMWF

---------------------- Forwarded by Jay Reitmeyer/HOU/ECT on 06/29/2000 04:57
PM ---------------------------

Jose Marquez
06/29/2000 10:58 AM
To: Jay Reitmeyer/HOU/ECT@ECT
cc:
Subject: ECMWF

http://www.sca.uqam.ca/models/ecmwf_amer/cep00_9panel.gif

Jose


----- Forwarded by Brent Hendry/NA/Enron on 10/16/2000 11:43 AM -----

	Dale Neuner@ECT
	10/13/2000 08:42 AM

		 To: William Stuart/HOU/ECT@ECT
		 cc: Amita Gosalia/LON/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, David
Forster/Corp/Enron@Enron, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert B
Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Janine Juggins/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT
		 Subject: FX Transactions - an Update

Brent Hendry and I had a conference call this morning with Janine Juggins,
London Tax, and Amita Gosalia, head of PCG London. We all agree that the
Enron Legal Entity offering this Product from (i) Houston - will be Risk
Management & Trading Corp; (ii) from London - will be EEFT as agent for RMT;
and (iii) from Tokyo - will be EJC as agent for RMT.

We will have a single Product Type (built by PCG Houston) which will contain
text describing the above. Since these Products are offered on an
around-the-clock basis, and since there is no way to idenitfy in the
customers Transaction Summary which entity is offering a Product at the time
of the transaction, we need commercial to identify what trading hours each
trading desk will be offering the Products, taking into account any overlaps
(such as the time overlap between Houston and London) and any gaps (such as
the time gap between Tokyo and Houston). These times will be included in the
legal description for the purposes of identifying the Enron trading party.

Also in this meeting, Janine expressed that she needs to make a close
examination of the corporate structure surrounding Enron Japan Corp.,
determine whether there is a service agreement in place between EJC and RMT
(such as the one in place between EEFT and RMT) and whether there is any Tax
or Regulatory concerns relating to such relationship.

We are well aware of your desire to have these Products available to you for
online trading as quickly as possible, but at this time I cannot offer a
timeline as to when they will be available, as the timing will depend on
Janine's findings. However, I will continue to build this Product in TEST so
that you can get feel for how it will work.

In the interim, please provide the aforementioned trading hours.

Dale


got it


---------------------- Forwarded by Judy Townsend/HOU/ECT on 12/07/2000 11:04
AM ---------------------------

	Enron North America Corp.

	From:  Rebecca W Cantrell                           12/06/2000 03:42 PM

To: John Hodge/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Paul Tate/HOU/EES@EES, Robert Superty/HOU/ECT@ECT,
Colleen Sullivan/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT
cc: Stephanie Miller/Corp/Enron@ENRON
Subject: Dominion 637

FYI.   (DTI is obviously what they are calling Dominion these days.)

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/06/2000
03:39 PM ---------------------------

"Randall Rich" <rrich@bracepatt.com> on 12/06/2000 08:19:48 AM
To: <rebecca.w.cantrell@enron.com>
cc:
Subject: DTI 637

We have learned the following from a talkative DTI rep:

DTI intends to  modify its existing 637 proposals.  Apparently, in light of
customer opposition, DTI intends to withdraw its proposal to shorten the
imbalance make-up period from 20 days to 72 hours and will instead develop a
new rate schedule for electric generators, who it claims are the entities
that drove DTI's need to shorten the make-up period in the first instance.


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/24/2000
05:40 PM ---------------------------

"SmartPortfolio.Com" <admin_update@smartportfolio.com> on 03/24/2000 04:12:45
PM
Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com>
To: sshackl@ect.enron.com
cc:  (bcc: Sara Shackleton/HOU/ECT)
Subject: SmartPortfolio.Com Update: Markets Mixed Ending Strong Week

The following is a FREE service brought to you by
SmartPortfolio.Com, located on the Web at
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Update March 24, 2000

Friday's Market Update: Markets Mixed Ending Strong Week

 1. Friday's Market Action
 2. Internet and Tech Stocks
 3. Notable Earnings Announcements
 4. Notable Upgrades and Downgrades
 5. Stock Splits
 6. IPO Commentary
 7. IPOs Trading Friday
______________________________________________________________

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a stock split today?  Subscribers to the Smart!Splits Report
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10. Davina Irwin

1.  Friday's Market Action

                             $ Change   % Change      Close
Dow Industrials                 -7.14     -0.06%   11112.72
S&P 500                         +0.11     +0.01%    1527.46
Nasdaq                         +22.42     +0.45%    4963.03
Internet Stock Index           +16.63     +1.56%    1080.27

A buying binge of Internet and technology stocks sparked Friday
morning's market rally, which led to solid gains on the Dow and
the Nasdaq throughout most of the day, before the Dow finished
lower amid profit-taking by investors, closing a week
characterized by strong performances on the major U.S. indexes
as investors temporarily put aside their concerns about future
interest rate hikes and upcoming quarterly earnings
announcements.

Friday's market action was kicked off by the Commerce
Department's report that new orders for durable goods, including
cars, computers and appliances that are intended to last three
years or more, fell 2.3% in February to $208.45 billion, which
was weaker than analysts' forecasts of a 0.2% decline.
February's numbers for orders of costly U.S. manufactured goods
represent the second month of declines in a row.  The report
came only a few days after the Federal Reserve hiked short-term
interest rates for the second time this year in its ongoing
determination to keep the steaming economy in check.

After boosting stocks on Thursday amid rumors that the mammoth
government antitrust lawsuit against it might be nearing
closure, Microsoft (Nasdaq:MSFT) is expected to make a sweeping
offer to settle the case as the government eases up on demands
that the software titan be broken up.  If the proposal by
Microsoft is sufficiently wide ranging, then it could result in
final negotiations as early as this weekend among Microsoft
Chairman Bill Gates, Assistant U.S. Attorney General Joel Klein
and Judge Richard Posner, who has been serving as the case's
mediator.  On the other hand, if the proposal is deemed to be
too narrow by prosecutors, it could destroy the settlement
negotiations and throw the case back into the courts.  A federal
judge ruled last year that Microsoft had abused monopoly power
in its Windows computer operating system, which allegedly harmed
consumers, customers and other companies.  Shares of Microsoft
dropped 3/16 (-0.17%) to 111 11/16.

Oil services companies had a strong day on Wall Street, as oil
prices rose on Friday in the wake of a final effort being made
by the U.S. government to persuade OPEC to agree to a big output
hike at next week's gathering of the group.  Halliburton
(NYSE:HAL) gained 7/8 (+2.31%) to 38 3/4, Schlumberger
(NYSE:SLB) closed up 7/8 (+1.13%) to 78 3/16, Transocean
Offshore (NYSE:RIG) rose 1 3/16 (+2.64%) to 46 3/16, Cooper
Cameron (NYSE:CAM) gained 2 1/8 (+3.28%) to 66 7/8, and Smith
International (NYSE:SII) closed up 1 7/8 (+2.50%) to 77.

The drug sector was buzzing over the statement by the Food and
Drug Administration (FDA) that Propulsid, a popular drug with
nearly $1 billion in sales last year, had been associated with
341 reports of heart rhythm abnormalities, including 80 reports
of deaths.  Johnson & Johnson (NYSE:JNJ), the maker of the
prescription heartburn drug, reported that it would stop
marketing the product in the U.S. and that it is working with
the FDA to create a special "limited access" program to keep it
available for certain patients that have not been helped by
other treatments.  Following the news, shares of Johnson &
Johnson plunged 10.78% (down 8 5/8) to 71 3/8, while shares of
other drug stocks also had weak performances, with Merck
(NYSE:MRK) dropping 1 1/8 (-1.79%) to 61 3/4, Pfizer (NYSE:PFE)
closing down 3/16 (-0.53%) to 35 1/16, Schering-Plough
(NYSE:SGP) falling 1 1/2 (-3.97%) to 36 1/4, Pharmacia & Upjohn
(NYSE:PNU) dropping 2 9/16 (-4.30%) to 57, American Home
Products (NYSE:AHP) closing down 1 1/2 (-2.77%) to 52 11/16, and
Warner-Lambert (NYSE:WLA) falling 15/16 (-1.00%) to 93 1/16.

The hotel and real estate industries converged on Friday as
MeriStar Hotels & Resorts (NYSE:MMH), which operates 235 lodging
properties, announced that it would acquire BridgeStreet
Accommodations (NYSE:BDS), which offers upscale furnished
apartments, townhouses and condominiums as an alternative to
traditional hotel rooms.  The deal is expected to result in
MeriStar's leading position in the market for providing
temporary housing for executives and business travelers.  Shares
of MeriStar inched up 1/16 (+2.27%) to 2 13/16, while shares of
BridgeStreet soared 29.03% (up 9/16) to 2 1/2.

2. Internet and Tech Stocks

For a FREE trial to SmartPortfolio.Com's in-depth analysis of
selected Internet stocks, please visit:
http://www.smartportfolio.com/freetrial
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click here

The Nasdaq had another run up on Wall Street on Friday, leading
to more record highs for many Internet and technology stocks
during the day's trading session, including Adobe Systems
(Nasdaq:ADBE), which closed up 1 5/8 (+1.52%) to 108 3/16,
Xilinx (Nasdaq:XLNX), which dropped 1 3/4 (-2.07%) to 82 5/8,
and Sun Microsystems (Nasdaq:SUNW), which closed up 2 11/16
(+2.75%) to 100 1/2.

Cisco Systems (Nasdaq:CSCO) surpassed Microsoft as the biggest
company in the world during Friday's trading session, before
Microsoft regained that distinction in a late-day rally.  Shares
of Cisco closed up 1 9/16 (+2.01%) to 79 3/8, representing a
market cap of $550.7 billion, while shares of Microsoft closed
down 3/16 (-0.17%) to 111 11/16, representing a market cap of
$581.3 billion.

In leading Internet stock news, the Financial Times reported on
Friday that Yahoo! (Nasdaq:YHOO) and online auctioneer eBay
(Nasdaq:EBAY) have resumed the merger talks that had collapsed
earlier this month.  In early March, analysts noted several
strategic benefits that would be derived from a Yahoo-eBay
alliance, but indicated that an acquisition of eBay would be
extremely expensive for Yahoo.  Moreover, questions were raised
with respect to why eBay would desire to sell out at a time when
its business is thriving.  Shares of Yahoo rose 3 (+1.57%) to
194, while shares of eBay jumped 20 3/16 (+9.03%) to 243 3/4.

Business-to-business (B2B) news was topped by reports that four
major players in the aerospace and defense industry are joining
forces to create an online marketplace with B2B powerhouse
Commerce One (Nasdaq:CMRC).  The joint venture, which includes
Lockheed Martin (NYSE:LMT), Raytheon (NYSE:RTNa), Boeing
(NYSE:BA) and British Aerospace, is being designed to bring
together buyers and suppliers in the industry, allowing them to
buy and sell parts and conduct business over the Internet.
Following the news, shares of Commerce One jumped 18 11/16
(+9.12%) to 223 11/16, while shares of other B2B players
finished the day with mixed results as E.piphany (Nasdaq:EPNY)
closed up 6 1/2 (+3.80%) to 177 1/2 and Oracle (Nasdaq:ORCL)
gained 1/8 (+0.14%) to 87, while Ariba (Nasdaq:ARBA) dropped 5
15/16 (-2.24%) to 259 9/16, VerticalNet (Nasdaq:VERT) fell 6
9/64 (-3.23%) to 183 7/8 and VerticalNet (Nasdaq:VERT) closed
down 6 9/64 (-3.23%) to 183 7/8.

The B2B announcement was the latest in a wave of moves by
leading companies in various industries to create online
marketplaces.  It wasn't even the first such deal in the
aerospace and defense industry -- last month, United
Technologies (NYSE:UTX), Honeywell (NYSE:HON) and i2
Technologies (Nasdaq:ITWO) announced plans to launch
MyAircraft.com, an electronic marketplace for aerospace products
and services for approximately 25,000 buyers and sellers.  In a
separate transaction, General Electric (NYSE:GE) recently
created a new online exchange that will allow major airlines to
buy and sell parts via the Internet.  B2B marketplaces also have
sprung up in such industries as chemicals, automobile
manufacturing, construction and pharmaceuticals, as companies
increasingly are seeking to move their supply chains into
cyberspace to reduce the paperwork and time involved in
purchasing, manufacturing and inventory.

The online brokerage sector had a strong day on Wall Street
following the statement by U.S. Bancorp Piper Jaffray that it
was raising its revenue forecasts for online brokerage giants
Ameritrade Holding (Nasdaq:AMTD) and E*Trade Group (Nasdaq:EGRP)
as a result of recent unprecedented trading volumes.  Shares of
Ameritrade gained 2 5/16 (+10.54%) to 24 1/4, shares of E*Trade
rose 4 1/8 (+14.80%) to 32, while shares of other online
brokerage firms also performed well on the day, with National
Discount Brokers Group (NYSE:NDB) rising 5 5/8 (+11.07%) to 56
7/16, Siebert Financial (Nasdaq:SIEB) gaining 1 9/16 (+11.26%)
to 15 7/16, Charles Schwab (NYSE:SCH) closing up 3 3/8 (+5.51%)
to 64 5/8, Knight/Trimark Group (Nasdaq:NITE) rising 6 5/16
(+11.97%) to 59 1/16, and DLJ Direct (NYSE:DIR) gaining 1 7/16
(+10.04%) to 15 3/4.

Other Internet and technology stock movers included:

<> GoTo.com (Nasdaq:GOTO), which surged 33.17% (up 11 63/64) to
48 7/64 after the Internet search engine company announced on
Friday that it logged more than 2 million unique visitors during
March 2000 and expanded the number of paying advertisers to more
than 25,000.

<> Xircom (Nasdaq:XIRC), which fell 10.21% (down 4 3/16) to 36
13/16 after the maker of products that connect portable personal
computers to telephone systems, networks and the Internet
reported that its quarterly earnings would not meet Wall Street
expectations.

<> Wit Capital Group (Nasdaq:WITC), the parent of online
investment banking group Wit Soundview, which jumped 29.43% (up
4 7/8) to 21 7/16 after reporting that its first quarter
financial results likely will exceed analysts' forecasts.

<> Compaq Computer (NYSE:CPQ), which fell 1 5/16 (-4.39%) to 28
9/16 on very heavy volume based largely on concerns that the
computer company's first quarter earnings may fall short of
estimates as a slowdown in corporate spending on PCs during the
first quarter might create a revenue shortfall.

<> Teledyne Technologies (NYSE:TDY), which jumped 14.68% (up 2)
to 15 5/8 on continued momentum from Wednesday's announcement by
the leading provider of sophisticated electronic and
communications products that it has reached an agreement with
Lockheed Martin to supply turbine engines for the Joint Air-to-
Surface Standoff Missile (JASSM) program.

<> Power Integrations (Nasdaq:POWI), which sank 39.97% (down 19
11/16) to 29 9/16 one day after the circuit maker reported that
it expects its first quarter revenues to fall below
expectations.

Leading Internet and tech stocks performed as follows:

Company                      $ Change   % Change      Close
Amazon (Nasdaq:AMZN)               +5     +7.39%   72 11/16
America Online (NYSE:AOL)       +9/16     +0.80%    71 1/16
Commerce One (Nasdaq:CMRC)  +18 11/16     +9.12%  223 11/16
Cisco (Nasdaq:CSCO)           +1 9/16     +2.01%     79 3/8
CMGI (Nasdaq:CMGI)             -41/64     -0.53%   121 5/16
Dell (Nasdaq:DELL)            -1 1/16     -1.85%    56 7/16
Ebay (Nasdaq:EBAY)           +20 3/16     +9.03%    243 3/4
ExciteAtHome (Nasdaq:ATHM)         -2     -6.12%   30 11/16
Exodus (Nasdaq:EXDS)          +2 5/16     +1.35%   173 5/16
Intel (Nasdaq:INTC)           -3 9/16     -2.50%   139 1/16
Juniper (Nasdaq:JNPR)              -1     -0.37%        269
Lucent (NYSE:LU)                 -5/8     -0.96%     64 5/8
Microsoft (Nasdaq:MSFT)         -3/16     -0.17%  111 11/16
Oracle (Nasdaq:ORCL)             +1/8     +0.14%         87
Schwab (NYSE:SCH)            +3 11/16     +6.02%   64 15/16
Sun Micro (Nasdaq:SUNW)       +2 7/16     +2.49%    100 1/4
Qualcomm (Nasdasq:QCOM)        +1 7/8     +1.30%        146
Qwest (NYSE:Q)                 -1 1/8     -2.33%     47 1/4
Yahoo (Nasdaq:YHOO)                +3     +1.57%        194

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3. Notable Earnings Announcements

There were no notable earnings announcements on Friday.  For a
calendar of recent and upcoming earnings announcements, please
visit: http://www.smartportfolio.com/earnings.asp
AOL users
click here

4. Notable Upgrades and Downgrades

For full coverage of today's upgrades, downgrades and coverage
initiations, please click on the appropriate links below:

-- Upgrades - http://www.smartportfolio.com/upgrades.asp
AOL users
click here

Ciena Corp. (Nasdaq:CIEN) was upgraded by Prudential Securities
to strong buy from accumulate.  Shares of the optical networking
company gained 7 11/16 (+4.97%) to 162 3/8.

Level 3 Communications (Nasdaq:LVLT) was upgraded by Wasserstein
Perella to strong buy from buy.  Shares moved up 4 (+3.61%) to
114 7/8.

Sherwin-Williams (NYSE:SHW) was upgraded by Donaldson Lufkin &
Jenrette (DLJ) to buy from market perform.  Shares of the paint
company rose 3/8 (+1.71%) to 22 5/16.

-- Downgrades - http://www.smartportfolio.com/downgrades.asp
AOL users
click here

Johnson & Johnson (NYSE:JNJ) was downgraded by several brokerage
firms, including Merrill Lynch (from near-term buy to near-term
accumulate) and JP Morgan (from long-term buy to market
perform).  See related story above.

Bear Stearns lowered its ratings to neutral from attractive on
three movie theatre companies, including AMC Entertainment
(AMEX:AEN), Carmike Cinemas (NYSE:CKE), and Loews Cineplex
Entertainment (NYSE:LCP).  AMC shares lost 1/8 (-2.35%) to 5
3/16, Carmike shares fell 11/16 (-10.00%) to 6 3/16, and Loews
shares edged lower by 1/16 (-1.61%) to 3 13/16.

-- Coverage Initiations:
http://www.smartportfolio.com/initiated.asp AOL users
click here

Credit Suisse First Boston initiated coverage of 12 auto parts
companies, including Gentex (Nasdaq:GNTX) with a strong buy
rating and a price target of $50 per share and several companies
with a buy rating, including Johnson Controls (NYSE:JCI) with a
$72 target, Lear Corp. (NYSE:LEA) with a $43 target, and Tower
Automotive (NYSE:TWR) with a $24 target.  Gentex shares lost
25/64 (-1.03%) to 37 9/16, Johnson Controls shares fell 2 1/8 (-
3.82%) to 52 1/2, and Lear shares were off 5/16 (-1.16%) to 26
11/16.

J.P. Morgan started coverage of two metals companies, Weirton
Steel (NYSE:WS) and Ryerson Tull (NYSE:RT), with buy ratings.
Weirton shares jumped 9.63% (up 13/16) to 9 1/4 while Ryerson
shares fell 7/8 (-5.51%) to 15.

Homestore.com (Nasdaq:HOMS) was started by First Union
Securities with a buy rating.  Shares of the online real estate
information provider surged 34.21% (up 12 3/16) to 47 13/16.

5. Stock Splits

To obtain the latest information on stock splits, please visit:
http://www.smartportfolio.com/splits
AOL users click
here

This chart shows the companies that will split their shares
during the next 4 business days.  The "Pay" column shows the
payable date.  The "Ex" column refers to the ex-date, the date
on which the stock begins to trade at its split-adjusted price.
The ratio refers to the number of split shares stockholders will
receive (a 2:1 ratio means that stockholders will receive one
additional share for each share they already hold).

Pay     Ex                                     Ann.    Split
Date    Date    Company                  Sym.  Date    Ratio

Mar 24  Mar 27  Pinnacle Systems         PCLE  Feb 04  2-1
Mar 24  Mar 27  Hauppauge Digital        HAUP  Feb 10  2-1
Mar 24  Mar 27  London Pacific           LDP   Mar 13  4-1
Mar 24  Mar 27  Art Tech Grp             ARTG  Feb 29  2-1
Mar 24  Mar 27  JWGenesis Fincl          JWG   Feb 16  3-2
Mar 25  Mar 27  California Software      CAWC  Feb 23  2-1
Mar 27  Mar 28  DiaSys Corp.             DIYS  Feb 25  2-1
Mar 27  Mar 28  Kenneth Cole             KCP   Feb 23  3-2
Mar 27  Mar 28  Linear Tech              LLTC  Jan 18  2-1
Mar 27  Mar 28  Scientific-Atlanta       SFA   Feb 22  2-1
Mar 27  Mar 28  ViaLink                  IQIQ  Mar 01  2-1
Mar 28  Mar 29  Semitool                 SMTL  Feb 29  2-1
Mar 28  Mar 29  Usinternetworking        USIX  Mar 03  3-2
Mar 29  Mar 30  Serena Software          SRNA  Mar 13  3-2

6. IPO Commentary - http://www.smartportfolio.com/ipo
AOL users click
here.

The action in the market today demonstrated how not all IPOs --
even those tech-related -- are created equal.  Investors recent
love affair with communication/semiconductor stocks continued as
Silicon Laboratories (NASAQ:SLAB), a maker of mixed-signal
integrated circuits, bolted 123.79%.  In contrast however,
eMachines (NASDAQ:EEEE), a maker of low-cost computers, fell
8.33%.  eMachines is an interesting story because it actually is
one of the leading PC manufacturers in terms of total PCs
shipped.  Its low-cost model, however, clearly did not sit well
with investors.

Looking ahead to the next few weeks, the IPO pipeline is still
stacked.  While there are still many quality IPOs expected to
come to market, the glut of IPOs will make the top issues
slightly more difficult to find.  Investors are increasingly
scrutinizing business-to-business- and Internet infrastructure-
related issues just as they started to with business-to-consumer
Internet issues when supply became to much.

To find out which of the upcoming IPOs are expected to
outperform, please visit http://www.smartportfolio.com/freetrial
AOL users
click here.

7. IPOs Trading Friday

eMachines Inc (NASDAQ:EEEE) - Provider of low-price branded
personal computers.
Price: 9 Open: 8 3/8 High: 10
Close: 8 1/4 Change: -3/4 (-8.33%)

Etinuum Inc (NASDAQ:ETIN) - Provides an integrated set of
strategic, technological, operational and analytical solutions
for clients e-commerce and other direct-to-customer sales and
marketing initiatives.
Price: 12 Open: 12 1/8 High: 13 1/2
Close: 12 3/8 Change: +3/8 (+3.13%)

Eprise Corp (NASDAQ:EPRS) - Provides software products and
services that enable businesses to manage the information
contained on their Web sites.
Price: 15 Open: 23 1/2 High: 27
Close: +10 1/4  Change: +10 1/4 (+68.33%)

Silicon Laboratories Inc (NASDAQ:SLAB) - Designer and developer
of proprietary, analog-intensive, mixed-signal integrated
circuits, or ICs, for the communications industry.
Price: 31 Open: 64 1/2 High: 79 15/16
Close: 69 3/8 Change: +38 3/8 (+123.79%)

Viasystems Group Inc (NYSE:VG) - A worldwide independent
provider of electronics manufacturing services, or EMS.
Price: 21 Open: 22 High: 23 1/16
Close: 19 5/16 Change: -1 11/16 (-8.04%)

*Indicates an Internet related issue.

To find out more about which IPOs are expected to outperform,
please go to: http://www.smartportfolio.com/freetrial
AOL users
click here.

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          SONIC FOUNDRY ANNOUNCES 2:1 STOCK SPLIT!
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make changes to your account please visit:
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The Haas Biotechnology Club and the Lester Center for Entrepreneurship and
Innovation present:

&FROM START-UP TO PUBLIC  BIOTECH8

CORRINE LYLE, CFO
and
JULIA OWENS, Manager Business Development
TULARIK, INC.

AND

UC BERKELEY BUSINESS PLAN COMPETITION
LIFE SCIENCES MIXER

????????JOIN OR BUILD A TEAM FOR THE 2001 COMPETITION

 ????????ACCESS THE BUSINESS, SCIENTIFIC, AND ENTREPRENEURIAL RESOURCES OF
THE HAAS SCHOOL, UC BERKELEY, AND THE BAY AREA!!!

 ????????EXPLORE OPPORTUNITIES FOR NEW VENTURE CREATION

MONDAY OCTOBER 30th, 7:30 PM
WELLS FARGO ROOM
HAAS SCHOOL OF BUSINESS
UC BERKELEY
Refreshments will be served

For more information:
Directions to the Walter A. Haas School of Business at UC Berkeley:?????
http://haas.berkeley.edu/map/
UC Berkeley Business Plan Competition web site:?
http://web.haas.berkeley.edu/groups/bplan/

Please feel free to print and post this flier!!


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:18 AM ---------------------------
From: Steven J Kean@ENRON on 01/14/2001 01:52 PM CST
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT,
John J Lavorato/Corp/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, Thomas E White/HOU/EES@EES,
Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Alan
Comnes/PDX/ECT@ECT, Karen Denne/Corp/Enron@ENRON, Mark E
Haedicke/HOU/ECT@ECT, Wanda Curry/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Roger Yang/SFO/EES@EES, Dennis
Benevides/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES,
Sandra McCubbin/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Robert
Johnston/HOU/ECT@ECT, Don Black/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON,
Michael Tribolet/Corp/Enron@Enron, Greg Wolfe/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Stephen Swain/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT
cc:
Subject: California - Jan 13 meeting

Attached is a summary of the Jan 13 Davis-Summers summit on the California
power situation.  We will be discussing this at the 2:00 call today.


I'm okay with the information (with cost center numbers excised).  Thanks

 -----Original Message-----
From: 	Fagan, Fran
Sent:	Friday, January 11, 2002 4:29 PM
To:	'dbdj@dynegy.com'
Cc:	Corman, Shelley; Blair, Lynn
Subject:	org charts and job descriptions

Donnie,

Lynn Blair asked that I forward you a copy of Shelley Corman's Gas Logistics group.  I have also included a copy of the NNG job descriptions that are posted on our FERC website.

Thanks,

Fran Fagan
Sr. HR Rep
Enron Transportation Services
713.853.5219
fran.fagan@enron.com
 << File: FERC637-NNG 01.04.02.doc >>  << File: gas logistics without cost centers.ppt >>


The report named: West VaR and Peak Position Report By Trader <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=26&report_name=West+VaR+and+Peak+Position+Report+By+Trader&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.


In talking with Fran we need to have Written Reviews to HR by COB January 2, 2002.  The reviews
	do not need to be signed by either party.  We can start communicating reviews to the employees
	at any time.  But there should be no discussion on bonus or merit until they are finalized on or
	around January 18.  Thanks. Lynn

 -----Original Message-----
From: 	Fagan, Fran
Sent:	Friday, December 21, 2001 1:23 PM
To:	Scott, Donna; Holmes, Bradley; Dietz, Rick; Taylor, Gina; January, Steve; Nacey, Sheila; Bryant, Mike; Corman, Shelley; Blair, Lynn
Subject:	Performance Evaluation due dates

Let me clarify a point about the Performance Evaluation due dates:

The written reviews are due in HR by January 2 (not signed off by employee)

You ARE NOT required to have completed all your employee review meetings by January 2

You can start discussions as soon as you have completed the reviews, but the discussion should focus around performance.

No variable pay or merit discussions should take place in the performance review meeting.  Those will take place on or around January 18.

Please call with any questions.

Thanks and have a great holiday!

Fran Fagan
Sr. HR Rep
Enron Transportation Services
713.853.5219
fran.fagan@enron.com


Please see the attached Tufco file for July.  The 2,500 under the Wagner
Brown contract on the 24th has been zeroed out (no flow at LS Katy for that
day).  This resulted in a change between contracts/deals on the 31st also.
Let me know if you have any questions.

D


Shirley,

Yes.

Vince

Shirley Crenshaw
03/07/2001 10:52 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Anita DuPont/NA/Enron@ENRON
Subject: Sandeep's Barbecue at his new home

Sandeep and I tentatively set Saturday, May 5th as the day to have a
barbecue at his new home.  I looked at your calendar and it looked clear.

Let me know if you think this will be a good time.

Shirley


You are the man!  Thank you for handling this.


Isabel,

Please confirm before 830 central this morning (when GE's rep will be in my
office to sign docs) that these documents have final approval of GE's
counsel, as I believe Kent is not available to review documents today.
Obviously, I cannot present revised documents to a commercial representative
of GE without knowing that his lawyer has signed off on the documents, except
to the extent that the changes are obviously minor.

Kay

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/25/2001 01:47:15 AM
To: "Kent Shoemaker (E-mail)" <kent.shoemaker@ae.ge.com>
cc: "Gregory F. Lang (E-mail)" <gregorylang@paulhastings.com>, "Rick Vicens
(E-mail)" <rvicens@deltapower.com>, "John Tisdale (E-mail)"
<jtisdale@arclightcapital.com>, "Amy Weed (E-mail)" <aweed@jhancock.com>,
"John Anderson (E-mail)" <jcsanderson@jhancock.com>, "BURKE, Ted (TDB)"
<ted.burke@freshfields.com>, "Kay Mann (E-mail)" <kay.mann@enron.com>,
"Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>

Subject: Pegasus - GE Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We attach clean and blacklined copies of the following:

(a) the GE Consent and Agreement;
(b) the GE opinion;
(c) the GE Letter Agreement; and
(d) the GE receipt of funds letter.

We would be grateful for your confirmation that these documents are in final
form.

Regards
Isabel

 - COMPARE004.DOC
 - NY003700033.DOC
 - NY003701281.DOC
 - COMPARE003.DOC
 - COMPARE001.DOC
 - NY003699615.DOC
 - COMPARE002.DOC
 - NY003700961.DOC


Dear West,

We talked briefly on Monday about our commitment to a full work day at Enron.  If you are in the office, then please be prepared to contribute to the group for a full day.  Our schedule now calls for critical communication in the afternoons.  We need to know that each employee will be here every day to create the consistency needed to outperform the rest of the market.

We want to remain as flexible as possible with all traders when it comes to an emergency, but remember that you have a commitment to Enron to contribute a full work day.

Please organize your vacation on the west desk calendar with Ina and coordinate any early afternoon departures with Ina and myself.  Also, prepare to have your markets covered when you leave the office early.

Sincerely,

Mike


16:57:56 Synchronizing Mailbox 'Perlingiere, Debra'
16:57:56 Synchronizing Hierarchy
16:57:56 	   1 folder(s) updated in offline store
16:57:56 Synchronizing Favorites
16:57:56 Synchronizing Folder 'Inbox'
16:57:56 Synchronizing Folder 'Outbox'
16:57:56 Synchronizing Folder 'Sent Items'
16:57:56 Synchronizing Folder 'Calendar'
16:57:56 Synchronizing Folder 'Contacts'
16:57:56 Synchronizing Folder 'Drafts'
16:57:56 Synchronizing Folder 'Journal'
16:57:56 Synchronizing Folder 'Notes'
16:57:56 Synchronizing Folder 'Tasks'
16:57:56 Synchronizing Folder 'Deleted Items'
16:57:56 Synchronizing Views
16:57:56 Synchronizing Forms
16:57:56 Done


-----Original Message-----
From: 	Forster, David
Sent:	Friday, September 28, 2001 12:58 PM
To:	Kitchen, Louise
Subject:	FW: Cities Aggregation Power Project Visit - Monday, October 1

Louise,

Attached is the email I spoke about.

I have had several informal comments from various Originators regarding running into EES at utilities and municipalities. This morning, BPUB informed me that EES is talking to them about sales to their customers under BPUB's label.

Dave
 -----Original Message-----
From: 	Curry, Mike
Sent:	Friday, September 28, 2001 12:14 PM
To:	Duran, W. David; Forster, David
Subject:	FW: Cities Aggregation Power Project Visit - Monday, October 1

EES is now fully stepping into the Texas wholesale market with this.  Talking to 70 municipals for aggregated power is ridiculous for EES to be doing.  This has to be stopped along with EES providing the "Whitepaper" products where they are providing wholesale products to San Antonio and others.  They are making Enron look stupid in not communicating what they are doing with the wholesale desk when we are constantly finding out they are talking to customers in our SIC Codes that we have been working with toward a deal.

I think a meeting needs to be setup between Lavorato and Delainey or at your level to get this fixed.  I have tried working with my peers at EES and they continue to lie to me and keep working customers in our SIC code and even worse with IOU's and municipals.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Friday, September 28, 2001 11:50 AM
To:	Curry, Mike; Gilbert-smith, Doug
Subject:	FW: Cities Aggregation Power Project Visit - Monday, October 1

Looks like Ader & Co. at work in ERCOT.   I view this as a big problem.   These customers need to be covered by wholesale.   Both of you should take this as a slap in the face.

 -----Original Message-----
From: 	Brockwell, Jennifer
Sent:	Friday, September 28, 2001 10:31 AM
To:	May, Tom
Cc:	Presto, Kevin M.; Black, Tamara Jae
Subject:	Cities Aggregation Power Project Visit - Monday, October 1

Tom,
Will you be available for the following visit?  This is another large group...  In order to keep this from being disruptive, we were thinking of dividing the group into two for two separate overviews.  These overviews should only be 10 minutes in length.  One would be at 11:00 am and the other at 11:15 am.

Let me know if this is a possibility.

Thanks.
Jennifer

Date:		Monday, October 1
Time:		11:00 am
Visitor:		Cities Aggregation Power Project (17 of them)
Enron Host:	Michelle Robichaux, Representative National Energy Sales

Value Prop:	EES is looking to provide electric commodity savings off the PTB for an aggregated load of 70 Texas municipals.

Objectives:	I would like CAPP to leave knowing just how different Enron is from its competitors.  This would include Enron's risk management expertise and size and scope of marketing of gas power and other commodities.

Jennifer Brockwell
Enron Corporate Marketing
1400 Smith Street
Houston, TX 77002
713-345-7358
713-853-6790 fax
jennifer.brockwell@enron.com


Attached is the handout for the compliance program.  Let me know if you need
anything additional.

Regards,

Cathy

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Enron Compliance Program Guidelines.doc