ENA is selling the Power Gas Marketing pool gas behind East Ohio
(10,000/month)  to EES for the month of July.  EES has the ability to take
this gas for the term of the deal (through Oct 2000).  I told Marde we would
talk about that after the 4th.  EES will nominate this gas directly from
Power's pool, so Heidi does not need to be involved at all.   Heidi, it looks
like this pool can be terminated.

Peoples, for July ENA is selling 430/day to Clinton Energy (Latrobe).  Heidi
is working on that.  Heidi also informed me yesterday that CES was
terminating the Peoples pool effective 8/1/2000.  I suggested that we may
need to transfer the pool to ENA, because there will still be activity in
August due to the Latrobe fuel credit.  However, we may be able to transfer
any balances to EES effectve 8/1/2000.  Hopefully, we can talk about this
after the 4th.

Let me know if anyone has any questions.


Got my number from Lavo today. $80k USD / year and a promo in Feb.

See you Saturday.

Chris


-----Original Message-----
From: Carol Covington
Sent: Monday, December 11, 2000 12:46 PM
To: Betty Carroll; David Heineke; George Hurst; Glenn Stamps; Jim
Wallis; Ricky Stewart; Tammy Kelley; 'CackleCC@aol.com'
Subject: FW: Box under the bed

-----Original Message-----
From: Julie Wright [SMTP:julie@rpcga.com] <mailto:[SMTP:julie@rpcga.com]>
Sent: Monday, December 11, 2000 12:40 PM
To: Candy Grant; Carol Covington; Faye Click; Jim Love
Subject: Box under the bed

       Subject: Box under the bed

        > Box under the bed
        >
        > When Bill and Hillary first got married Bill said, "I am
putting a box
 under
        > the bed. You must promise never to look in it." In all
their 30
years of
        > marriage Hillary never looked.
        >
        > However, on the afternoon of their 30th anniversary,
curiosity
got the
 best
        > of her and she lifted the lid and peeked inside. In the box
were 3 empty
        > beer cans and $81,874.25 in cash.
        >
        > She closed the box and put it back under the bed. Now that
she
knew what
        > was in the box, she was doubly curious as to why. That
evening
they were
 out
        > for  a special dinner.    After dinner Hillary could no
longer
contain her
        > curiosity and she confessed, saying, "I am so sorry. For
all
these years I
        > kept my promise and never looked into the box under our
bed.
However,
        > today  the temptation was too much and I gave in. But now I
need to know,
        > why do you keep the cans in the box?"
        >
        > Bill thought for a while and said, "I guess after all these
years you
        > deserve to know the truth. Whenever I was unfaithful to you
I
put an empty
        > beer can in the box under the bed to remind myself not to
do it
again."
        >
        > Hillary was shocked, but said, "Hmmm, Jennifer, Paula and
Monica. I am
        > very  disappointed and saddened but temptation does happen
and
I guess
 that
        > 3
        > times is not that bad considering the years."
        >
        > They hugged and made their peace.
        >
        > A little while later Hillary asked Bill, "So why do you
have
all that
 money
        > in the box?"
        >
        > Bill answered, "Well, whenever the box filled up with empty
cans, I took
        > them to the recycling center and redeemed them for cash."


We have received the executed EEI Master Power Purchase and Sale Agreement
dated 2/13/01 from the referenced CP.  Copies will be distributed to Legal
and Credit.


We are in the process of calling customers to be sure they know the wire transfer has been changed.
	Thanks. Lynn

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, December 03, 2001 9:09 AM
To:	Corman, Shelley; Dietz, Rick; Blair, Lynn; Berger, Larry; Zadow, Raetta; Nacey, Sheila; Hanagriff, Richard
Cc:	Howard, Kevin A.; Hayslett, Rod
Subject:	RE: Wire Transfer Instructions

I would recommend that we call our major customers and let them know the change as well.

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Monday, December 03, 2001 9:08 AM
To:	Geaccone, Tracy; Dietz, Rick; Blair, Lynn; Berger, Larry; Zadow, Raetta; Nacey, Sheila; Hanagriff, Richard
Cc:	Howard, Kevin A.; Hayslett, Rod
Subject:	RE: Wire Transfer Instructions

I don't this we give our customers lockbox instructions any longer.  Invoices cite wire instructions and physical address.  Raetta please confirm.

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, December 03, 2001 9:04 AM
To:	Dietz, Rick; Blair, Lynn; Berger, Larry; Zadow, Raetta; Nacey, Sheila; Hanagriff, Richard; Corman, Shelley
Cc:	Howard, Kevin A.; Hayslett, Rod
Subject:	FW: Wire Transfer Instructions
Importance:	High

Lockbox should still stay bank of america.  I  am working with Treasury to make sure that these accounts stay open for the next 10 days.

 -----Original Message-----
From: 	Round, Samuel
Sent:	Monday, December 03, 2001 8:41 AM
To:	Hayslett, Rod; Geaccone, Tracy
Subject:	Wire Transfer Instructions

Rod,

Attached are revised wire transfer instructions for company 60 and 179

Companies 62 and 370 should remain unchanged

Thanks

Sam << File: 060WTinst.doc >>  << File: 179WTinst.doc >>


Howard,

Thanks for your message. Conference call on Tuesday at 4:30 EDT
works for us. My assistant, Shirley Crenshaw, 713 853 5290, will set up
the conference call.

Vince

 -----Original Message-----
From: 	"Kunreuther, Howard" <kunreuth@wharton.upenn.edu>@ENRON [mailto:IMCEANOTES-+22Kunreuther+2C+20Howard+22+20+3Ckunreuth+40wharton+2Eupenn+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Monday, May 28, 2001 10:33 AM
To:	Kaminski (E-mail)
Cc:	'Kleindorfer (E-mail)'; Fang, Fang; Convery, Theresa
Subject:	Talking on the Phone Tomorrow at 4:30 pm

HI Vince:

Following up your conversation with Paul Kleindorfer at the Poconos Conference, the two of us  would be available for a conference call tomorrow at 4:30 pm  EDT if that works for you.
Paul can be reached  at 724 287-4324
I will be at 215 898-4589

Please confirm with all of us copied on this e-mail that this time works for you. If that time doesn't please suggest times on Thursday morning (after 10 am EDT) or Friday morning.

We are looking forward to chatting with you about next steps on the project between Enron and the Wharton Risk Center.

Howard

Howard Kunreuther
Cecilia Yen Koo Professor of Decisions Sciences and Public Policy
Chairperson   Operations and Information Management Department
1326 Steinberg Hall-Dietrich Hall
Wharton School
University of Pennsylvania
Philadelphia, PA 19104-6366
Phone:215-898-4589
FAX:215-573-2130
Email:kunreuth@wharton.upenn.edu


Joe -
Thanks for the Flowers!  My question is more for how you are doing . . .  I
keep
leaving your number here at work which is why I have not called.  In fact I
even
deleted the last email you sent me so I have lost it completely.

You know if you ever need a break - I am only 3 hrs. and you are more than
welcome to come visit.

Talk to you soon -

Ang


Per the request of Sara Shackleton, please see this
attachment:


The DC Circuit Court of Appeals has extended the date for states and sources
to comply with the EPA's NOx SIP Call regulation to May 2004, from the
original May 2003 date.

Background

Back in May 1999, a federal Court stayed the NOx SIP submittal deadline for
States, pending the final outcome of the NOx SIP litigation.   After the DC
Circuit Court decided the case in March 2000, EPA asked the court to lift the
stay on the NOx SIP submittal for States and give the states the same amount
of time they would have had to submit their SIPs, had the stay not been
imposed in the first place.   Industry sources opposed lifting the stay, and
also asked the court to move the complaince deadline back a year, due to the
delays caused by the litigation.

The Court lifted the stay on June 22, 2000, but was silent on the issue of
the compliance deadline.  States are now required to develop their "State
Implementation Plans" (SIPs) by October 31, 2000.

Yesterday, the Court decided that sources should have until May 2004 to
comply, giving sources an extra year to prepare for the new regulatory regime.

Remaining Questions

With the previous 2003 compliance deadline, the NOx SIP Call regulations were
on the same time schedule as the Section 126 petitions, which were approved
by EPA (though a separate regulatory process -- a nearly-identical fallback
to the NOx SIP call) for many of the same sources and states as the NOx SIP
Call.   The Section 126 Rule is going to be litigated starting this coming
November, but the Court has not yet issued a stay of those regulation, nor
has it delayed the compliance deadline to 2003.   Unless the Court places a
stay on the 126 Rule and delays the compliance deadline to 2004, sources
could still be required to make substantial NOx reductions starting in May
2003.   We expect the Courts to resolve this issue sometime before the 126
litigation commences in early November.

Enron Activities

SIPs are being developed by the states, with a deadline of October 31, so
Environmental Strategies will be spending the next few months working to
ensure that the rules that are crafted in the states provide the most
favorable treatment possible for our assets while providing a competitive
advantage to our traders.   While the delay could benefit some Enron assets
that need to comply with the regulations, it could also benefit our
competitors, who have another year to defer environmental compliance
decisions that would likely increase their costs and create other
disadvantages for them.

We will keep you posted with any developments as they occur.

Jeff Keeler  (202) 466-9157
Mary Schoen (713) 345-7422


Attached is the TW weekly report for November 16, 2001.

Jan Moore
713-345-3858


Clayton,

Thanks.

Vince

	Clayton Vernon @ ENRON
	07/27/2000 03:08 PM

To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT,
Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Alexios
Kollaros/HOU/EES@EES, Martin Lin/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT,
Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Patricia
Tlapek/HOU/ECT@ECT, Farouk Lalji/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON,
Alex Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Yanna Crystal/Corp/Enron@ENRON, Jose
Marquez/Corp/Enron@ENRON, Samer Takriti/Corp/Enron@Enron, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Cantekin
Dincerler/HOU/ECT@ECT, Brad Aimone/NA/Enron@Enron, Datren
Williams/NA/Enron@Enron, Sevil Yaman/Corp/Enron@Enron, Sofya
Tamarchenko/NA/Enron@Enron, Bob Lee/NA/Enron@Enron, Ainsley
Gaddis/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Guiseppe
Paleologo/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Anita
DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT
cc:
Subject: SAS

to the group:

if you wish to use SAS, there are a few simple things you need to do:

1) you need to get a Unix password if you don't already have one (your user
id will be the same as on the NT network, but a different password is issued)
2) you need a program called "Exceed" on your PC.  request it from IT (you
already have this if you are already a user of LIM on the Unix platform)
3) you need an "ftp" program on your PC. you can go to www.download.com and
download one (i like wsftp)
4) Exceed is funny in the way it runs. When you invoke Exceed (or LIM
Advanced User (under Infobases) if you already have this) it will install
itself the first time, and will then "disappear" to the Taskbar. you need to
*right* click on the taskbar on Exceed, and then choose "Tools" and "Client
Startup" and then "New."

You will enter a box which should already be set for REXEC and an XWindow
emulation. You need to specify the Host Type as Sun, enter your User Name and
Password, set the Host Name to:

capers.ect.enron.com

and then, on the Command Line, type the following (carefully):

/usr/openwin/bin/xterm -display @D

Then, use the file menu to Save this as capers.xs and then click on the Run!
menu. within a second or two, a window will open up with you logged into the
serve capers. You are now on a Unix server, and the directory is your home
directory. From here, if you simply type "sas" the 3 windows for an
interactive session with SAS should open on your desktop. You are in business.

5) you also need to install your ftp. follow the procedures with the
software, and then create a new session called "enron" where you choose as
the server simply "earth" (do not add any further descriptors such as
.enron.com). supply your user name and *unix* password, check the "remember
password" box, and the default communication setups should be correct (eg,
host type as "automatic detect").

when you invoke ftp and connect to enron, it will put you in your home
directory on the Unix system, the same directory your xwindow comes up in
under Exceed.

if you have any problems, i'll be happy to help

Clayton

PS i have a complete set of new SAS manuals i am happy to loan out if you'll
just write your name down when you take them.


Letter looks good to me.
 -----Original Message-----
From: 	Alamo, Joseph
Sent:	Wednesday, August 01, 2001 11:37 AM
To:	Shapiro, Richard; skean@enron.com
Subject:	Letter to Dunn, et al

see attached.
---------------------- Forwarded by Joseph Alamo/NA/Enron on 08/01/2001 09:31 AM ---------------------------
From:	Jeff Dasovich/ENRON@enronXgate on 08/01/2001 12:28 AM CDT
To:	steve.kean@enron.com@SMTP@enronXgate, rick.shapiro@enron.com@SMTP@enronXgate, james.steffes@enron.com@SMTP@enronXgate, Joseph Alamo/NA/Enron@Enron, richard.sanders@enron.com@SMTP@enronXgate, Paul Kaufman/ENRON@enronXgate, susan.mara@enron.com@SMTP@enronXgate, Maureen McVicker/ENRON@enronXgate, Ginger Dernehl/ENRON@enronXgate
cc:

Subject:	Letter to Dunn, et al

Attached is a draft of the letter to discuss on tomorrow's call.  Joseph, please re-email to everyone to ensure they've received it, since I got transferred to outlook tonite and am uncertain about emailing.  Thanks.

Best,
Jeff


This system was just implemented for ENA etal as a Global system.  We are
working on convincing Europe to incorporate into their EnVision plan.  There
could be potential to include this in the Commodity Logic family as a way to
aggregate and serve time series price information to users.  A direct
competitor of this product would be FAME Energy which I looked at earlier
this week.  On the surface, it would appear our system is more robust than
the one offered by FAME.

---------------------- Forwarded by Mary Solmonson/HOU/ECT on 11/17/2000
05:00 PM ---------------------------
From: Stuart Reed@ENRON on 11/17/2000 04:32 PM
To: Mary Solmonson/HOU/ECT@ECT, Joel Henenberg/NA/Enron@Enron, Beth
Perlman/HOU/ECT@ECT, Stephen Stock/HOU/ECT@ECT
cc: Thomas Araujo/Corp/Enron@ENRON
Subject: MKM

Dear All,

Please be aware that earlier today the MKM system was pushed to production.

http://mkm.corp.enron.com

We are currently in the process of moving the system from the UK to our
clustered servers in Houston. This early release will give us some useful
feedback on the visual interface and help promote the MKM approach to other
business and application development groups. I will keep you informed of our
progess.

Any questions please call x37747.

Thanks,

Stuart


YI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/30/2000
09:21 AM ---------------------------

Betty J Coneway
05/26/2000 05:43 PM
To: Vince J Kaminski/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT
cc: Mark Tawney/HOU/ECT@ECT
Subject: Meeting

Please plan to attend a meeting Thursday, June 1st @ 3:00pm in Vince
Kaminski's office.  The purpose of this meeting will be to discuss research
support for the Weather Derivatives Group.  If you are unable to attend,
please advise.

thanx !!!!


Vince:

Our PR staff has put together a great design for the Finance Seminar
mugs.  We need to get a clean copy of the Enron logo, if possible.  The
design is in Adobe Pagemaker if your people can find a logo that can be
pulled into that format.  They can send it directly to me and I will make
sure it gets to the right place.

Thanks so much.

bbo


Latest natural report
 - ng051301.doc


is that a good place to go for drinks afterwards or should i go somewhere
else?


not yet but i will let you know

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/05/2001 11:08:23 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE: New Years

Eric,

Did you ever hear anything back from America West?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, December 27, 2000 9:49 AM
To: Bass, Jason
Cc: shusser@enron.com
Subject: New Years

Jason,

Shanna and I were wondering what you and Donnita were doing for New Years?

-Eric


Dear Tom and Ron,

Attached please find the revised EEI Cover Sheet which hopefully captures all
the modifications agreed between SMUD and Enron. I have blacklined in all the
modifications for ease of reference.  Please let me know if I have overlooked
something.

The Amendment Agreement for the ISDA should be coming shortly from my
colleague, Carol St. Clair.

Please let me know if you have any comments to the EEI.

Thanks!

Shari Stack
Enron North America, Legal Department
Tel: (713) 853-9477


Please be informed, a meeting has been scheduled to meet on TW & NNG Projects.  Please mark your calendars to reflect:

		Friday, October 26, 1:00 - 2:00p in ECN - 1336

Thanks in advance,

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


Hello all:

Sanjeev Khanna spoke with Vince at the "Power 2000" conference and Vince
has invited him to come in for an informal interview.  He will be in the
office Friday
afternoon, May 12th.   With the exception of Vince, each of you might spend
at least 15 min with the individual.  All interviews will be in EB1938

The schedule is below and his resume is attached.

Vince   1:00 PM (5 min)
Vasant   1:15 PM
Amitava  1:30 PM
Stinson   1:45 PM
Tanya   2:00 PM
Zimin   2:15 PM
Paulo    2:30 PM
Krishna   2:45 PM
Grant   3:00 PM

PG&E Energy Trading and any other company referenced herein which uses the
PG&E name or logo are not the same company as Pacific Gas and Electric
Company, the California utility.  These companies are not regulated by the
California Public Utilities Commission, and customers do not have to buy
products from these companies in order to continue to receive quality
regulated services from the utility.
 - ResumeSanjeevKhanna.doc


Andrew Conway
289 Surrey St
San Francisco, CA 94131-2930
conway@juggling.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Andrew Conway


Here they are....
001: L to R 14" H, 9" H, 14" H
002: 10" H , 13"H, 14" H
003: 12"H
Let us know what you think, Kim
 - 100-0001_IMG_6.JPG
 - 100-0002_IMG_6.JPG
 - 100-0003_IMG_5.JPG


Philip,

I'm sorry this took so long, I thought I sent it ealier, but apparently not.
Let me know if you need anything else.

Mat


Hi Lindy!  Laura McGuire and I were talking about you today.  Remember we
were working on Florabama and we met her for lunch and it was pouring down
rain?!  She was in my office today for a meeting and it took us a while to
remember how we knew each other.  She got married in January; I think her
new last name is Heckman.

Anyway, I was thinking about you and I hope you're doing well thru all this
Enron mess.  How is Sam?  talking up a storm already?

Take care--

Susan


Gas Day 29

Nomination into Eastrans of 45,000 mmbtu

Redeliveries:

13,482  PG&E
  7,000  Fuels Cotton Valley
21,518  Mobil Beaumont
  3,000  HPL CW at Carthage

Gas Day 30

Nomination into Eastrans of 75,000 mmbtu

Redeliveries

43,482  PG&E
  7,000  Fuels Cotton Valley
21,518  Mobil Beaumont
  3,000  HPL CW at Cartage


Hi folks:

Here are the notes on restructurings I promised.

(See attached file: CorpRestruct.ppt)

Also, I have requested the EMBA office for a class room for the review
session on 5/05.  I will get back to you asap.

Mukesh

 - CorpRestruct.ppt


FYI

-----Original Message-----
From: Mainzer, Elliot
Sent: Tuesday, September 04, 2001 5:51 PM
To: 'mcrowdis@thinkenergy.net'
Subject: GPMDG Proposal

Mark,

As promised.

Talk to you soon,

Elliot


A good beating reminds me of my uncle Sam's place.
 -----Original Message-----
From: 	"Sample, Matt" <Matt.Sample@enform.com>@ENRON
Sent:	Wednesday, October 31, 2001 3:01 PM
To:	Dunn, John; Cherry, Michael; Elliott, Allan; Cherry, Beth
Cc:	Wolfe, Jason
Subject:	RE: Despite Allan's begging for a single game of Starcraft...

 A good beating reminds us all of John's place...
-----Original Message-----
From: Dunn, John
To: Cherry, Michael; Elliott, Allan; Sample, Matt; Cherry, Beth
Cc: ''''''Jason.Wolfe@enron.com ' ' ' ' ' '
Sent: 10/31/2001 2:41 PM
Subject: RE: Despite Allan's begging for a single game of Starcraft...
He beats me when I do.  It helps me remember my place.
-----Original Message-----
From: Cherry, Michael
To: Dunn, John; Elliott, Allan; Sample, Matt; Cherry, Beth
Cc: '''''Jason.Wolfe@enron.com ' ' ' ' '
Sent: 10/31/2001 2:20 PM
Subject: RE: Despite Allan's begging for a single game of Starcraft...
I've got my military drill this weekend, so I'm out on Friday...
bash me if you will, but I'd like to see you tell Uncle Sam... "NO"
T


14.01.02

Dear Mr. Kenneth L. Lay

As the Editor-in-Chief of TheMarker and a senior columnist for Ha'aretz
newspaper in Israel, I want to check the possibility of conducting an
interview with you on the occasion of the World Economic Forum in New
York this month.

I'm going to be in New York covering the WEF from January 31st' to
February 1st' and I would be obliged if you will be able to give us a
short interview during the days of the convention.

Let me add some information about myself and our publications:

I am the Editor-in-Chief of TheMarker and a senior financial columnist
of the Ha'aretz daily newspaper in Israel.

Since 1994 I write a daily column in Ha'aretz about financial markets,
economic policy, technology and matters of corporate strategy. The
column is regarded as one of the most influential column in the Israeli
press.

I am also the Editor-in-Chief and the found of TheMarker - a Ha'aretz
subsidiary that publishes Israel's most popular financial online news
service and Israel's monthly business Magazine.

Ha'aretz is Israel's most reliable source of local and international
daily news and commentary. Ha'aretz addresses the country's decision
makers in matters of policy, culture and business. Ha'aretz is also the
oldest daily newspaper in Israel, established in 1919.  Ha'aretz
publishes an English version with the International Herald Tribune.

TheMarker is the Ha'aretz subsidiary that focuses on business and
financial news and commentary. TheMarker publishes Israel's first and
most and influential financial online service and Israel's monthly print
business magazine. TheMarker online news service is also published in
English  (www.themarker.com/eng).

I have 14 years of experience in Journalism. I was the Business editor
of Ha'aretz, the financial markets editor and a financial reporter. I
was the financial reporter for the IDF radio and I am a regular
commentator on radio today.

I hold a Master in Business Administration from The Kellogg School of
Northwestern University and The Recanati School of Tel Aviv University
and a B.A in economics from the Tel Aviv University.

I hope that you will be able to grant me the interview, and thank you in
advance for your kind consideration.

Sincerely yours,

Guy Rolnik
Editor-in-Chief
TheMarker

Contacts:

Email: rolnik@haaretz.co.il <mailto:rolnik@haaretz.co.il>,
guy.rolnik@themarker.com <mailto:guy.rolnik@themarker.com>
Phone: (Office) 03-7665113/4, (Mobile) 050-332694, (fax) 03-7665110
Address: TheMarker, Atidim Hi-Tech Park, Building #2

Ofra Mor
Desk Manager
www.themarker.com
03-7665113
03-7665110

Atidim Hi-tech Park,
building 2, P.O.B 58201
Tel Aviv 61580
Israel


Sovereign Bond Spreads:

Significant New Issuance - CSFB Commentary:

?	The emerging debt markets were less volatile this week following the stabilization in the Argentine financial sector. Although there was no real progress in improving the country's fundamentals, international reserves and private sector deposits stopped falling, generating positive momentum for the market. As a result, Argentina broke through an important 1400 resistance level this week and the positive tone spilt over into other markets. The Turkish Eurobond market had a very strong week supported by dramatic improvement in the local market: the Central Bank cut its overnight lending rate from 62% to 60% after a successful T-Bill auction on Friday and local debt yields declined sharply. Most of the Turkish curve was very well bid against the background of revived investor activity. The Turkey 2030 benchmark reached its high since the beginning of July at +935 bps spread on Thursday. The Russian market also gained this week on the back of both the general EM sentiment and local news on the incorporation of the "financial reserve" (designed to accumulate US$1.8bn to help the government service its debt in 2003) into the draft budget for 2002. Russian assets are now trading only 1 point below their highs since the 1998 crisis. For Central and Eastern European assets this was a strong week with good demand especially for sovereign bonds, although there was no significant move in prices. Despite the overall positive sentiment, Friday witnessed some weakening in all the emerging markets, caused mainly by the technical factor of profit taking once the market reached two month highs. The EMBI+ Index closed only 4 bps tighter on the week at +882 bps after touching +861 bps during the Thursday session.
?	On its 30th August meeting, the European Central Bank lowered its benchmark repo rate by ? point to 4.25%. European benchmark bonds reacted positively to the announcement and now are pricing in at least another ? point rate cut this year. This is good news for issuers of *uro denominated bonds as the long awaited rate cut will lower European benchmark yields going forward.
?	Fitch upgraded the Republic of Estonia's rating to "A-" from "BBB+" on Thursday reflecting its strong GDP growth, fiscal deficit reduction and good fiscal prospects.


Kay.

I suggest we: (i) change the choice of law from Maryland to New York; (ii)
add an arbitration clause; and (iii) shorten the time from two years to one
year.  I am attaching a redline of these changes and one with these changes
accepted.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 6:42 PM
To: Carnahan, Kathleen
Subject: BGE CA

Whatcha think?
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 06:41
PM ---------------------------
From: Janelle Scheuer/ENRON@enronXgate on 06/06/2001 04:32 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: BGE CA

Hi Kay!
BGE is issuing an RFP, and they have drafted the attached CA.....Can you take
a peek and see if it would be acceptable?
http://supplier.bge.com/rfp/ca.doc
Thanks!
Janelle


SK - I printed this & put it & attachments in your meeting folder.  mm

FYI.   See plans for PacifiCorp.  PacifiCorp is largest utility in Wyoming.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 05/25/2001 12:44
PM ---------------------------

Steve Walton
05/03/2001 04:06 PM
To: Paul Kaufman/PDX/ECT@ECT
cc: Susan M Landwehr/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
Subject:

I have updated the material I sent you yesterday to include information on
expansion plans of Bonneville and PacifiCorp, the two biggest owners in the
Northwest Power Pool.  (In the US portion of the pool, BPA has 50% of the
investment, PacifiCorp about 25% and the remaining IOU's the other 25%.  The
statement "Bonneville owns 80% of the transmission in the Northwest" is only
true if you exclude Canada, most of Montana and Idaho, all of Wyoming, Utah
and Nevada.)  Don't quote the data for PacifiCorp, since it is not final and
publicly announced.  The Bonneville data is from public sources.


-----Original Message-----
From: 	Hanagriff, Richard
Sent:	Thursday, October 04, 2001 1:26 PM
To:	Schoolcraft, Darrell
Subject:	tw imbal


Please see appointment list attached below:

KES Kingsburg L.P. (QF?)
City of Palo Alto (pension holdings?)
Enron Corp & Affiliates
State of Tennessee (pension holdings?)
Dynegy Power Marketing, Inc.
The Davey Tree Co. (vendor)
GWF Power Systems (QF)
U.S. Bank (Trustee on PCB's)
Merrill Lynch (CP holder?)
The Bank of New York (Bond Trustee)
Bank of America (Agent on revolver)

 -----Original Message-----
From:  "Johnson, Stephen" <Stephen.Johnson2@usdoj.gov>@ENRON
[mailto:IMCEANOTES-+22Johnson+2C+20Stephen+22+20+3CStephen+2EJohnson2+40usdoj+
2Egov+3E+40ENRON@ENRON.com]
Sent: Tuesday, April 10, 2001 7:52 PM
To: Johnson, Stephen; 'jmhpower@aol.com';
'grant_kolling@city.palo-alto.ca.us'; Tribolet, Michael;
'tmilne@mail.state.tn.us'; 'john.c.herbert@dynegy.com';
'david.adante@davey.com'; 'pmar@mofo.com'; 'keith.marshall@usbank.com';
'mlurie@exchange.ml.com'; 'gbush@bankofny.com';
'clara.strand@bankofamerica.com'
Subject: RE:

I'm pretty sure the form was left off....

 -----Original Message-----
From:  Johnson, Stephen
Sent: Tuesday, April 10, 2001 5:49 PM
To: 'jmhpower@aol.com'; 'grant_kolling@city.palo-alto.ca.us';
'michael.tribolet@enron.com'; 'tmilne@mail.state.tn.us';
'john.c.herbert@dynegy.com'; 'david.adante@davey.com'; 'pmar@mofo.com';
'keith.marshall@usbank.com'; 'mlurie@exchange.ml.com'; 'gbush@bankofny.com';
'clara.strand@bankofamerica.com'
Subject:

Stephen L. Johnson
Attorney
United States Department of Justice
Office of the U.S. Trustee
250 Montgomery Street, Suite 1000
San Francisco, CA 94104

415-705-3333 tel.
415-705-3379 fax
stephen.johnson2@usdoj.gov

 - Appointment of Committee.pdf


Please find the following report posted on S:\MG\AdministrationMeeting
Reports\Tax - 14th June 2000.doc

'Notes of meeting with David Tregar (MG plc), Rod Sayers, Janine Juggins - 14
June 2000
Meeting objective : to better understand why MGL holds warrants as part of
its financial trading strategy. This is important because for US tax
efficiency we would want to move the warrants out of MGL if possible.'


You might be interested in the attached articles.
---------------------- Forwarded by Carolyn Green/HOU/AZURIX on 02/09/2000
04:38 PM ---------------------------

Carolyn Green on 02/09/2000 01:24:24 PM
To: John Wodraska/HOU/AZURIX@AZURIX, Sandra McCubbin/SFO/EES@EES
cc:

Subject: Primary Pits Money Against Local Appeal- LA Times 020700

For your amazement & amusement!
---------------------- Forwarded by Carolyn Green/HOU/AZURIX on 02/09/2000
01:24 PM ---------------------------

"Steven Lipman" <stevenlipman@earthlink.net> on 02/07/2000 11:02:06 AM

To:	"Pete Parsons" <pparsons@harc.edu>, "Jan McFarland"
<jmcfarland@worldnet.att.net>, Carolyn Green@AZURIX@ENRON, "Jill Halverson"
<jhalver333@aol.com>
cc:

Subject:	Primary Pits Money Against Local Appeal- LA Times 020700

Knowing of the growing interest around the country on the "Big Hat's" race in
the March 7 Democratic primary for the 41st California Assembly District,
Steven Lipman Consulting [a full-service, but not yet for profit company] is
committed to keeping you informed! Here's the link to an article in today's
LA Times. Enjoy!

 http://www.latimes.com/news/politics/natpol/20000207/t000012305.html

 - att1.htm
 - Primary Pits Money Against Local Appeal.url


Hi again.

Here is the consent to assignment which I believe is ready to go.  The only
changes I made was adding the requirement to give notice of the financing in
3 (f), and making the release of WestLB specific to these turbines (1(b)).

I will bring signature pages tomorrow, and will forward the override letter
this evening.

Please let me know if you have any questions or comments.

Thanks,

Kay


WE ARE HAVING A MEETING WITH FRED AND MICHELLE/ DEREK TODAY..
WILL LET YOU KNOW IF I NEED HELP
THANKS FOR YOUR SUPPORT

-----Original Message-----
From: Arnold, John
Sent: Monday, October 08, 2001 7:49 PM
To: Abramo, Caroline
Subject: RE: Back office issues

If these problems are not being addressed as they should be, call me and I'll get on it.  This is unacceptable.

-----Original Message-----
From: Abramo, Caroline
Sent: Sunday, October 07, 2001 11:22 PM
To: Lagrasta, Fred
Cc: Dyk, Russell; Zivic, Robyn
Subject: Back office issues

Fred-

There are a number of issues we need to address with back office procedures immediately.  We are losing money on avoidable problems and gaining a bad reputation in the market.  Lets get Derek and Michelle together Tuesday afternoon.

2 of our counterparties are writing letters of complaint.. here's a sample of some of the quotes we have heard from the 10 counterparties we have added in the last 6 months.

"I shouldn't have to spend my time decomposing the invoices and confirmations you send out"
"It has been 10 days since we traded and we haven't received a shred of paper to give us the details of the trade"
"We are being told in a confirm something different than we are being invoiced for"
"We did not trade 300 contracts per day, it was per month - do you guys even think before you type"
"I am a CFO and an accountant and I can't decipher what you are trying to confirm here"

From a business dinner where a client of ours was speaking casually to large industrials and endusers. One, upon the mentioning of B2B exchanges said "they WILL NOT ever trade on EOL again because the backoffice procedure was such a nightmare.. they couldn't rely on the accuracy or timeliness of the confirm.  This was a captive client who and needs to trade... who will not show us their flow again.

The latest is the most disturbing:

"we just want to do a small trade to test your system. We have heard it is a nightmare but want to see for ourselves - I mean how difficult can it be to book the purchase of 50 lots of crude" And still 5 days later they do not have one paper to show the details, not one phone call to confirm the trade...nothing.  We even warned the BO that this was a new customer and to make best eforts to make sure the process runs smoothly and efficiently. Well, clearly we failed

We do not understand what is going on in the back office.  Is it that they are too disconnected from our daily operations to understand how integral their accurracy is to our business?  Is there too much turnover? How are they trained?  Who is in charge of the "backoffice"?  There seems to be a different manager for every step of the process.. who co-ordinates all their efforts?  Does anyone care?  Ok.. I'll stop.. For our part, we have Michelle coming up to NY for a week in December (we wanted this to happen as soon as she started but did not work for her).

We have to stop this before we lose clients (which we will).

All the problems are being caused by the following:

1. Our inability to generate an accurate position report for our clients.  This has already cost us money this year. Our clients do 10 trades a day.. they are constantly in and out of positions.. it is imperative that we get these right.  As well, this report is our ONLY check to make sure deals are entered and entered correctly into the system.

There are hundreds of books at Enron.  We have postions on with dozens of them.  We currenttly do not have an automated mechanism to pull deals from every book in one shot.  We have to select books one by one.. this method will always result in books being ommmitted given our deal flow.

Michelle is in charge of this process.  We need a IT person on this yesterday.  Michelle is spending most of her day verifying the validity of the report she generates.  Robyn, Russell, and I check it everyday.. there are always mistakes.

2. There is a breakdown in the backoffice functions after Michelle collects the tickets we write and verbally confirms them.  There is no check after they have been imput.  There are ALWAYS imput errors.  Michelle needs to check every deal after its entered into the system going forward.

We also have NO set procedures for the bookings of deals.  We have no idea where our job ends and the book admin's starts.. for non standard deals like gas dailies and swaptions we need to know the exact process from start to finish.

2a. Confirms are sent immediately after deals are entered.. what if deals are imput incorrectly? the confirm goes out anyway resulting in mass confusion at the client.  Going forward, confirms need to be delayed until we can confirm that everything about the deal is correct.

2b. Invoicing.. there have been dozens of occassions where the amounts we are invoicing do not match the deals done..

3. EOL- We are pushing hard to get counterparties on here.. we have signed Renaissance up (a 10B program fund) but I shudder to see how EOL will fair at these tasks.

4. Credit- All of our clients are margined.  If deals are in the system incorrectly, the wrong MTM goes to the client.. another mis-match.  We work closely with credit since we need to collect initial margin from some clients.. this amount changes daily- we need someone who can get on the phone with clients and explain these numbers through.. again, we are doing this now.


We are in the process of filing our annual hedge exemptions with the NYMEX
for 2000.  In connection therewith, I will need to provide the NYMEX with an
updated copy of the alphabetical list of Enron Corp. and Subsidiary Companies.

Thanks Kate, as usual, for your help with this!


suggest we do this.  we don't have to comment.  ok?

Mark
 -----Original Message-----
From: 	Tilney, Elizabeth
Sent:	Tuesday, November 27, 2001 11:16 AM
To:	Palmer, Mark A. (PR)
Subject:	401K NEED

---------------------- Forwarded by Elizabeth Tilney/HOU/EES on 11/27/2001 11:15 AM ---------------------------

Michael Buckley <MBUCKLEY@BrunswickGroup.com> on 11/27/2001 10:52:16 AM
To:	"'mark.palmer@enron.com'" <mark.palmer@enron.com>, "'elizabeth.tilney@enron.com'" <elizabeth.tilney@enron.com>
cc:
Subject:	401K NEED

Hi Mark and Beth

Attached are the following:

1. Draft comments re: the 401K plan -- NOTE: they have not been approved by legal;
2. A Dow Jones story alleging that the recent lawsuit could allow: i) Dynegy to back away from the deal; ii) creates the implication that the suit adds financial pressure; iii) it also erroneously (I believe) discusses the time frame of the lock down period

WE SHOULD: Consider a well orchestrated leak regarding the fact that these suits are bogus -- the leak would include information on:

?       Enron had been contemplating a change in plan administrators since 1997.  Plans were stalled due to a moratorium on administrator changes as a condition of the PGE acquisition.

?       Enron requested proposals from alternate plan administrators in February of 2001 -- in writing.
?       In May of 2001, the new administrator (Hewitt) was notified - in writing - of our intent to start our business relationship beginning in October of 2001.

?       The transition period (when employees could not sell stock), ran from only October 26th to November 13th - a shorter time span than was originally planned.

?       During the transition period Enron's stock went from $15.40 to $9.98 - while we're not happy about the reduced share price, the magnitude of the decline during the lock down period is much smaller than the drop alleged by some plaintiffs attorneys.

?       401K participants have the option to choose between [17] different stocks, including Enron.

 -----Original Message-----
From:   Michael Buckley
Sent:   26 November 2001 16:45
To:     'cynthia.barrow@enron.com'
Cc:     Ellen Gonda
Subject:        DRAFT documents

 <<ENE401kCommMaterials.doc>>       <<ATT03720.txt>>

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

This email is sent by Brunswick Group Limited, 16 Lincoln's Inn Fields, London, WC2A 3ED (also the registered office). The company is registered in England (No. 2094879).

This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you are not the intended recipient, you are hereby notified that any use or dissemination of this communication is strictly prohibited. If you have received this E-mail in error, please notify us immediately, then delete this E-mail.

This footnote also confirms that this email message has been swept by MIMEsweeper for the presence of computer viruses.

 - ENE401kCommMaterials.doc
 - ATT03720.txt

<Embedded Picture (Device Independent Bitmap)>


Following please find the Daily EnronOnline Executive Summary.

The Weekly Management Report has been discontinued.  This is the last distribution for the attached Weekly Management Report above.  If you have any questions or concerns, please contact Torrey Moorer at x36218.

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.  The report is still accessible directly through the EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access these report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Secured Reports" tab. A dropdown menu will appear with a list of the various secured reports available for viewing. After choosing the report you are interested in, a security window will appear requiring you to enter your Windows login ID and password. Simply enter your standard login and the report will load automatically.

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.

<Embedded Picture (Metafile)>


The following is a description and explanation of the violation that occurred
at the La PLata compressor station.


o.k. I just received the canceled confirm.

Thanks@

   Kate Symes @ ECT                02/09/2001 03:10 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: Bloomberg Missing deal

this is a broker mistake - they didn't mean to put out this number, and
called us to break the trade - they shouldn't be checking it out.

thanks,
kate

Evelyn Metoyer@ENRON
02/09/2001 01:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Bloomberg Missing deal

I am missing the following deal for Jeff Richter per Bloomberg:

Enron sells to Mirant Americas 25mw for March'01 off-peak SP-15 at $180.00


Please feel free to forward this.

I am a senior financial advisor with American Express Financial Advisors in
the Woodlands, TX.  If you or someone you knows has experience helping to
run an office in a fast paced environment and has an interest in the
financial world, I would love to visit .  I am offering a competitive
salary, great work environment, fabulous learning opportunities and an
unlimited growth potential.  Benefits are included.

Position Purpose:

To assist me in areas of financial planning, marketing and administration.
 Tasks include but are not limited to setting appointments with clients,
completing applications, communication with the corporate office,
confirming appointments, ordering supplies, typing letters, staff
management, and more.

Please feel free to forward your resume to me or call directly at the
number listed below.

Make it a great day!

Byron W. Ellis, CFP, CLU, ChFC
American Express Financial Advisors
Town Center One
1450 Lake Robbins Dr.
Suite 100
The Woodlands, TX  77380
Phone (281) 367-8658
Fax     (281) 364-9628


ISBN: 0124458904
Title: Microscopic Simulation of Financial Markets
Author: LEVY/LEVY/SOLOMON
Cover: CaseBound
Published: June 2000
US Price: $69.95


The attached schedule is for Thursday, June 6.  Associated text files have been posted to Sparky.

Michael R. Frazier
Manager, Load Forecasting
Enron Energy Services
Office: 713-345-3200
Pager: 877-926-0615
P-mail: 8779260615@skytel.com


Attached is an article concerning how the CA power problem is effecting North
Carolina in its decision to deregulate its markets.


David -

I am putting together the request for assistance from local counsel in Japan
in preparation for opening up EnronOnline to Japanese counterparties.  If you
have a copy of the request you sent to MSJ when you started working on this
for Australia it would be very helpful to me.  I have what we've used in
Europe but would be grateful for your thoughts as well.

Thanks,

Mark


Hey, babe, how's things?  You get your glasses?  When we gonna get together again for a Spades massacre?

Could you order me one case of coastal cab, one of coastal zin and one of Mondavi 1997 cab?

Kisses,
Jeff

PS  Last night Prentice made the most delicious porcini risotto from a veal stock that she and Cameron made!  It was truly (no kidding) incredible.

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Tuesday, October 02, 2001 2:10 PM
To: 'eldon@direcpc.com'; Andre Mozes (E-mail); Andy Bledsoe (E-mail 2);
Andy Bledsoe; Art Narverud (E-mail); Barrie Eddy (E-mail 2); Barrie
Eddy; Bill Growney (E-mail 2); Bill Growney (E-mail); Cameron Sellers
(E-mail); CaryPlatkin (E-mail) (E-mail); Chris & Cristina Shea (E-mail);
Christopher J. Shea (E-mail); Cristina M. Shea (E-mail); Cindy Nagy;
Daryl Anderson (E-mail); David Evans (E-mail); 'Denis Kenny'; Donna
Usnick (E-mail); Greg Brady; Hank Salvo; Dasovich, Jeff; John and Miriam
Kartozian (E-mail); Ken Webster (E-mail 2); Kent Deverell (E-mail);
Lynne Kenny (E-mail); Michael Herring (E-mail 2); Mickey Lombardi; Mike
Herring (E-mail) (E-mail); Nancy Sellers; Pat Delong (E-mail 2); Patrick
DeLong; Prentice Sellers (E-mail 2); Scott Laughlin (E-mail); Sean
Maloney (E-mail); Valerie Deitrick
Subject: Results for Week "4" and Week "5" pick sheet

Eldon is having some computer problems, so I am sending this out.  It might
be a good idea to copy me on your e-mail picks this week.
NANCY.SELLERS@ROBERTMONDAVI.COM

Let's hear it for the 49'er faithful!  All four of this week's winners put
their money on the Niners!

 1st place - NARVCO - also the ONLY person to take Baltimore over Denver!
 2nd place - HANK - hey, wait a minute - he's a RAIDERS fan!
 3rd place - ELDON
 4th place - GROWNEY

4 more people sat down thanks to the Colts and the Jaguars:  Andy, Daryl,
Eldon and Kent - leaving 16 people in the pool.

Attached also is the pick sheet for "Week 5"


Janine: Please provide an update of your progress on this issue.

Also, if the research being conducted is specific to the relationship between
Enron Japan Corp and RMT, can we explore the possiblility of rolling this
product out for USD and ECU and only allow RMT and EEFT as agent for RMT to
trade, then add JPY and EJC as agent for RMT once your examination is
complete?

Stuart and Shane:  could either or both of you please provide me with the
trading hours that each of the Tokyo, London, and Houston trading desk will
be offering these Product online, to include any time overlaps or time gaps.

Also, please take a look at the Products I've created in TEST and see if they
meet your expectations.

Dale

Janine Juggins
10/12/2000 08:36 AM
To: Dale Neuner/HOU/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT,
Jason Althaus/Corp/Enron@Enron, Mark Dilworth/LON/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert B
Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
Subject: Re: FX Issues

Tax:
The Enron entity executing the FX transaction as principal is ENA.

However, note that for tax/legal the FX desk in London is run by Enron Europe
Finance & Trading Limited ("EEFT") as agent for ENA. Our position is that ENA
does not have a place of business in London. Therefore all the transactions
managed by the London FX desk are arranged by EEFT as agent for ENA.

Because of this there is a need to identify which FX desk arranged the
transaction and a possible solution to this is to have separate logins and
logoffs for each FX desk during their hours of responsibility. This would
enable transaction reports to be run which identify those transactions which
took place during the period for which each FX desk was responsible for
managing the FX positions.

Regards
Janine

Dale Neuner
11/10/2000 22:31
To: Amita Gosalia/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT,
Jason Althaus/Corp/Enron@Enron, Mark Dilworth/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert
B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT

Subject: FX Issues

This e-mail is admittedly long, so I have classified the issues:

Legal/Tax Issue:

I have been told by the FX group here in Houston that London traders are able
to act on the behalf of the US FX Desk because the transactions they do are
for hedging purposes only (no proprietary trading). For example, the FX
transactions that are done by Trena McFarland in London are done on the
behalf of our Houston office, so Houston books the transaction, manages the
risk, and writes the Confirmation in the name of ENA.

This being the case, (i) can we apply the same logic on the internal FX
transactions that will be managed by both the US and UK traders and have the
transacting entity as ENA (ii) if we do does it gives us the necessary tax
relief, or (iii) should we stick the Metals structure where the transactions
are offered by Enron North America, acting through it's agent, Enron Europe
Finance and Trading Limited. While this may be an Internal Only Product Type
today, what effect, if any, would the choice of trading entities have on our
ability to offer these Products externally.

Technology Issue:

David - Stuart has explained to me that the US FX Desk now views these
currency exchange products as financial products. This is contrary to
previous discussions where we felt that any currency exchange involving an
Index would be considered financial, while any 'strict exchange' would be
considered a physical transaction. The change is based on conversations
Stuart has had with the Metals traders wherein they would like to see this
exchange product as a financial product. If we accept this logic, (i) do I
need to create a Deal Type for 'Par Forward Swap' for the first FX Index
Product Type that we did as well as a 'Forward Swap' for these transactions,
or is it acceptable to leave these both as swaps, and (ii) regardless of the
Deal Type classification discussed in (i), I will need to create a new
Product Type for the 'strict exchange' - either as a physical or financial
product. Additionally, if I set this up as Financial Product, I have the
Index attribute in the template to contend with, because there is no Index;
and if I set this up as a Physical Product, I have the Location attribute to
contend with, because there is no Location. Naturally we can put something
cheesy in to fill the gap since it's internal, but if we ever decide to go
external we will need a new template - and from experience with the PJM Power
(Weather Desk) Product Type, templates requires an 'and if' statement are
hard to develop.

Dale


Rod:  attached is a recap of current credit derivatives trading in Jeff K.'s
group.  I don't know about activity during Shari's oversight but I hear it
was minimal.  How does this compare with Enron Credit.com?  Also, do we want
agreements with other trading counterparties (e.g., DLJ Capital Funding,
Inc.)?  Are Jeff and Paul calling credit before trading?  Please call to chat
when you have a chance.  Thanks.  Sara


I already know "Soldier's Joy," the great instrumental about heroine, and
number 6 on the list. Why don't y'all learn that while I learn "Red Haired
Boy" and "Old Joe Clark"?

LATE!

>From: Cameron Sellers <cameron@perfect.com>
>To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
>CC: 'PP' <psellers@pacbell.net>, "'Prentice (Berkeley)'"
><psellers@haas.berkeley.edu>, 'Scott Laughlin' <scottwl@hotmail.com>
>Subject: Bluegrass Guitar - Top Ten Song List
>Date: Mon, 5 Feb 2001 18:06:07 -0800
>
>  <<Bluegrass Guitar - Top Ten Song List.url>> I found the list of songs
>you
>should request for the Lone Mountain Sisters Band.
>
>  http://www.bluegrassguitar.com/top10songs.asp
><< BluegrassGuitar-TopTenSongList.url >>

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Please be advised that as of this moment there will not be a conference call
for this Friday, June 16th.  I will notify everyone via email when a call is
set for sure. I will also give you the pincode for that call (which will be
the same as last Friday - dial in 800-998-2462 pincode 4309724).

Please feel free to call me if you have any questions.

Thanks
Twanda
713-853-9402


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Dear Kevin,

<http://expedia.cq0.net/r/default.asp?R=00004a5cf00005e9b&rfrr=-1410>
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This email was sent to: kruscit@ect.enron.com


---------------------- Forwarded by Patrice L Mims/HOU/ECT on 08/04/2000
01:55 PM ---------------------------

"Breed, Vickie" <VickieBreed@associates.PZLQS.com> on 08/02/2000 11:28:10 AM
To: "'Patrice.L.Mims@enron.com'" <Patrice.L.Mims@enron.com>
cc:
Subject: Vickie's Resume'

  <<Resume.doc>>

Thanks,

Vickie Breed Maddox
Pennzoil-Quaker State
(713)546-3697
VickieBreed@associates.PZLQS.com

 - Resume.doc


As we discussed yesterday, here is the list of information that we need to gather to put into the booklets.  Please give us information (Chris, Keith, Susie, Susan and me) information as you get it.  The first priority is the rolls supporting the DPR information.  Also, please remember that all information needs to be reconciled to DPR information.  Please let Chris, Keith & myself know of your time frame to get us this info.  Currently, expectations are that we should have at least the rolls by the end of the week this week.

Thanks

Shona Wilson
Director, Global Risk Operations
X39123


fyi
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/27/2001
04:11 PM ---------------------------
From: Jeffery Fawcett/ENRON@enronxgate on 02/27/2001 02:14 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ENRON@enronXgate, TK Lohman/ENRON@enronxgate

Subject: Data Responses

check for Sempra filings on Kern River....

 -----Original Message-----
From:  Lohman, Therese K
Sent: Tuesday, February 27, 2001 2:11 PM
To: Fawcett, Jeffery
Subject: FW: Data Responses

 -----Original Message-----
From:  Fossum, Drew
Sent: Tuesday, February 27, 2001 11:58 AM
To: Miller, Mary Kay; Harris, Steven; Hass, Glen; Scott, Susan; Pavlou,
Maria; Hyatt, Kevin; Lohman, Therese K; fkelly@gbmdc.com; sstojic@gbmdc.com
Cc: Corman, Shelley; Moran, Michael P.
Subject: Data Responses

I just had a good conversation with Sempra's regulatory person who is working
on the data responses for Stephanie Katz.  Her name is Gillian Wright, and
she is a "regulatory case manager" whatever that is.  She was pleased to hear
about the extension til Wed 12:00 for her responses.  The best news is that
she was a very chatty individual and was interested in our thoughts on the
questions.  I told her that our answer no. 1 was just going to confirm that
the recourse rate is in fact in our tariff where it is supposed to be and it
is always "offered."  I suggested that her question no. 1 was a little
different and to me, indicated that FERC just didn't understand the daily
markets at all and further didn't understand very much about index to index
deals and how they might be the best way to contract in many circumstances.
She took that bait and said that their answer would focus on exactly
that--that fixed rate deals create risk issues for trading companies that
index deals lay off.  She also said that FERC's questions looked similar to
questions Sempra Trading has had to answer on other deals and that she
thought her answer would be similar.  I got a high comfort level that she
viewed this whole thing as no big deal.  Are any of you aware of where Sempra
may have been required to answer questions like these???  Kathy R:  have you
seen any above-max index deals involving Sempra?  It may have been CPUC
questions she was referring to, but I didn't want to make a big deal of it.

Gillian would like to get a fax of our responses to her at 213-244-8820 as
soon as they are ready.  Susan and Maria please make sure we get that done.
She said she'd send hers to us as soon as she could, but I didn't push for a
draft to review as her thinking sounds consistent with ours.

As for Sid, Scott Walker's regulatory guy won't be available until tomorrow
morning.  Scott is having him call me then to discuss the answers.  Scott was
appreciative of the extension, but frankly didn't sound like he planned to
meet the Tuesday deadline anyway.  In fact, I'm not sure he cares all that
much about meeting the new Wed. deadline.  DF


JVD, I had sent notice to everyone including Tracy and Mark Evans that we were not having the call.  This is another fine example of people not paying attention.  Frustrating.

 -----Original Message-----
From: 	Derrick Jr., James
Sent:	Wednesday, October 24, 2001 8:59 AM
To:	Evans, Mark (London Legal)
Cc:	Harris, Stephanie J
Subject:	RE: General Counsel conference call - 25th October 2001

Tracy, thank you for the message.  We are not having the conference call tomorrow.  Jim Derrick

 -----Original Message-----
From: 	Foy, Tracy   On Behalf Of Evans, Mark (London Legal)
Sent:	Wednesday, October 24, 2001 8:21 AM
To:	Derrick Jr., James
Cc:	Harris, Stephanie J
Subject:	General Counsel conference call - 25th October 2001

Please accept Mark Evans' apologies, he will be on vacation tomorrow and therefore unable to join the scheduled weekly conference call.

Mark requested that I ask you if you would like one of the senior lawyers from our department, eg., Justin Boyd, Paul Simons or Marcus Von Bock to join the call in his absence?

Many thanks
Tracy
Assistant to Mark Evans
Tel: + 44 207 783 7374


IMS1012.COL
Attention:  John Jay

IRWIN M. STELZER
The Sunday Times
10 December 2000
    Buried deep in an issue of last week's Wall Street Journal is an
interview with venture capitalist Bill Davidow. As the crash in the value of
internet companies sours investors, and fills the financial pages with tales
of impending doom, Mr. Davidow has taken to reminding all who will listen,
"There was a tulip business even after the tulip mania." Which prompted me to
dig out my copy of Mike Dash's Tulipomania -- subtitled, "The Story of the
World's Most Coveted Flower & The Extraordinary Passions It Aroused."
    Davidow is indeed right, and in the post-bubble history of the tulip
business may lurk some clues as to the history of the dot.coms, many of which
have been liquidated, while others have seen their values fall by as much as
90%.
    After the bubble burst, the trade in bulbs did not disappear. Prices
fell, but in a few years "the trade regain[ed] some sort of equilibrium. The
speculators had gone, but there was still a market for the flower." But at
far lower prices, with the specialty bulbs doing better than the garden
variety tulip. And it is not to stretch the analogy between tulip-growing and
the dot.com business to cite Dash's observation that "most of the new and
inexperienced growers who had been attracted by the prospect of rich profits
gave up the business or were driven out."
    Eventually, bulb growers learned how to turn a profit again. They
converted their business from a seasonal one to one that could produce all
year 'round -- something e-tailers have still to learn. They learned how to
destroy the viruses that periodically destroyed their businesses -- something
Microsoft et al. have still to learn. They learned how to compete with other
varieties of flower -- just as e-tailers have been learning how to click with
bricks-and-mortar retailers.
    In short, although the past is not necessarily prologue, history suggests
that there indeed life after a bubble bursts. For one thing, investors have
short memories: the tulipomania was followed by a spurt in the prices of
hyacinths in the eighteenth century, and by one in dahlias in 1838. Indeed,
as recently as 1985 prices of the red spider lily soared in China, reaching
$50,000 for the most coveted varieties, "an amount that puts even the sums
paid at the height of the Dutch tulip craze to shame", according to Dash.
    More important, the bursting of a bubble separates the wheat from the
chaff. The fact that the business graveyard is overflowing with the corpses
of dot.coms tells us less about the future role of the internet in our
economic lives than it does about the propensity of some to irrational
exuberance. It should come as no surprise that companies that not only failed
to earn any money as their customer lists swelled, but touted their mounting
losses as proof of their success in growing their businesses, should
eventually fall from investor favour.
    Nor should it be surprising that inexperienced entrepreneurs, whose sole
lasting contribution to American life has been the destruction of the
business suit, have discovered that there is more to running a successful
business than attracting the adulation of equally young and casually clad
reporters for trade magazines.
    Finally, it should not surprise us that the accumulation of data in this
era of the so-called "new economy" has led to a more sober appraisal of the
contribution of new technologies to the ability of the American economy to
grow without triggering significant inflation. We now know that the massive
investment in new technologies has increased the rate of growth in
productivity, and that the economy's speed limit has been raised to something
closer to 4% than to its old limit of about half that. That's not as
revolutionary as some of the more strident "new economy" advocates have been
claiming, but it is enough to make an unemployment rate of only 4%
sustainable in the long run without setting off a round of wage-price
inflation.
    What we have, then, is what might be called the residue of the dot.com
collapse -- a new way of doing business, greater productivity in important
sectors of the economy, lower transactions costs as buyers and sellers come
together without the intervention of middlemen, new exchanges in which
everything from electricity to broadband capacity can be traded efficiently,
and an increase in consumer power to resist price increases.
    These are permanent changes. The pace at which they are introduced and
become entrenched will, of course, be affected by the increased volatility of
share prices. Such volatility, after all, makes investment in shares somewhat
riskier, which is another way of saying that the price that entrepreneurs
will have to pay for capital to reward investors for taking these higher
risks will rise -- indeed, has already risen. But the improvements in
productivity and efficiency will not be reversed, even if the economy slows
significantly, as it now is deemed likely to do.
    Perhaps most important of all of our new knowledge is our increased
understanding of the use of the policy tools available to cope with economic
downturns. The market soared last week after Federal Reserve chairman Alan
Greenspan suggested that he was considering lowering interest rates, and the
Florida courts increased the likelihood that George W. Bush rather than the
more antibusiness Al Gore would move into the White House when the lease of
Bill and Hillary Clinton expires next month.
    Investors know that Greenspan can stimulate the economy by lowering
interest rates, which are high in real terms. After all, as discussed
elsewhere in these pages, he reversed a far more serious stock market plunge
in 1997 by easing monetary policy. Investors know, too, that the Bush team
aims to ease fiscal policy by pushing a tax cut through congress. That
combination of looser monetary and fiscal policies can go a long way towards
preventing this slowdown from becoming a recession.
[ET

IMS1012.COL
Attention:  John Jay

IRWIN M. STELZER
The Sunday Times
10 December 2000
    Buried deep in an issue of last week's Wall Street Journal is an
interview with venture capitalist Bill Davidow. As the crash in the value of
internet companies sours investors, and fills the financial pages with tales
of impending doom, Mr. Davidow has taken to reminding all who will listen,
"There was a tulip business even after the tulip mania." Which prompted me to
dig out my copy of Mike Dash's Tulipomania -- subtitled, "The Story of the
World's Most Coveted Flower & The Extraordinary Passions It Aroused."
    Davidow is indeed right, and in the post-bubble history of the tulip
business may lurk some clues as to the history of the dot.coms, many of which
have been liquidated, while others have seen their values fall by as much as
90%.
    After the bubble burst, the trade in bulbs did not disappear. Prices
fell, but in a few years "the trade regain[ed] some sort of equilibrium. The
speculators had gone, but there was still a market for the flower." But at
far lower prices, with the specialty bulbs doing better than the garden
variety tulip. And it is not to stretch the analogy between tulip-growing and
the dot.com business to cite Dash's observation that "most of the new and
inexperienced growers who had been attracted by the prospect of rich profits
gave up the business or were driven out."
    Eventually, bulb growers learned how to turn a profit again. They
converted their business from a seasonal one to one that could produce all
year 'round -- something e-tailers have still to learn. They learned how to
destroy the viruses that periodically destroyed their businesses -- something
Microsoft et al. have still to learn. They learned how to compete with other
varieties of flower -- just as e-tailers have been learning how to click with
bricks-and-mortar retailers.
    In short, although the past is not necessarily prologue, history suggests
that there indeed life after a bubble bursts. For one thing, investors have
short memories: the tulipomania was followed by a spurt in the prices of
hyacinths in the eighteenth century, and by one in dahlias in 1838. Indeed,
as recently as 1985 prices of the red spider lily soared in China, reaching
$50,000 for the most coveted varieties, "an amount that puts even the sums
paid at the height of the Dutch tulip craze to shame", according to Dash.
    More important, the bursting of a bubble separates the wheat from the
chaff. The fact that the business graveyard is overflowing with the corpses
of dot.coms tells us less about the future role of the internet in our
economic lives than it does about the propensity of some to irrational
exuberance. It should come as no surprise that companies that not only failed
to earn any money as their customer lists swelled, but touted their mounting
losses as proof of their success in growing their businesses, should
eventually fall from investor favour.
    Nor should it be surprising that inexperienced entrepreneurs, whose sole
lasting contribution to American life has been the destruction of the
business suit, have discovered that there is more to running a successful
business than attracting the adulation of equally young and casually clad
reporters for trade magazines.
    Finally, it should not surprise us that the accumulation of data in this
era of the so-called "new economy" has led to a more sober appraisal of the
contribution of new technologies to the ability of the American economy to
grow without triggering significant inflation. We now know that the massive
investment in new technologies has increased the rate of growth in
productivity, and that the economy's speed limit has been raised to something
closer to 4% than to its old limit of about half that. That's not as
revolutionary as some of the more strident "new economy" advocates have been
claiming, but it is enough to make an unemployment rate of only 4%
sustainable in the long run without setting off a round of wage-price
inflation.
    What we have, then, is what might be called the residue of the dot.com
collapse -- a new way of doing business, greater productivity in important
sectors of the economy, lower transactions costs as buyers and sellers come
together without the intervention of middlemen, new exchanges in which
everything from electricity to broadband capacity can be traded efficiently,
and an increase in consumer power to resist price increases.
    These are permanent changes. The pace at which they are introduced and
become entrenched will, of course, be affected by the increased volatility of
share prices. Such volatility, after all, makes investment in shares somewhat
riskier, which is another way of saying that the price that entrepreneurs
will have to pay for capital to reward investors for taking these higher
risks will rise -- indeed, has already risen. But the improvements in
productivity and efficiency will not be reversed, even if the economy slows
significantly, as it now is deemed likely to do.
    Perhaps most important of all of our new knowledge is our increased
understanding of the use of the policy tools available to cope with economic
downturns. The market soared last week after Federal Reserve chairman Alan
Greenspan suggested that he was considering lowering interest rates, and the
Florida courts increased the likelihood that George W. Bush rather than the
more antibusiness Al Gore would move into the White House when the lease of
Bill and Hillary Clinton expires next month.
    Investors know that Greenspan can stimulate the economy by lowering
interest rates, which are high in real terms. After all, as discussed
elsewhere in these pages, he reversed a far more serious stock market plunge
in 1997 by easing monetary policy. Investors know, too, that the Bush team
aims to ease fiscal policy by pushing a tax cut through congress. That
combination of looser monetary and fiscal policies can go a long way towards
preventing this slowdown from becoming a recession.
[ET


Are you free for lunch with Majed on Friday?

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


Greg,  Have you had a chance to review this document yet?  Any comments?

----- Forwarded by Gerald Nemec/HOU/ECT on 05/25/2000 04:49 PM -----

	Gerald Nemec
	04/26/2000 02:25 PM

		 To: gharless@mariner-energy.com
		 cc:
		 Subject: Lease of Platform Space

Greg,  Attached is the document we discussed.  Please review.  Mariner is a
party to this agreement since Mariner is performing all operations and
maintence functions for the MEGS assets and this is consistent with the
Operation and Maintance Agreement between Mariner and MEGS.  Please call me
at (713) 853-3512 with questions.


FYI:  Set up a meeting with Kari Dohn for next Wednesday.

	Steven J Kean
	11/27/2000 09:22 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Karen Denne/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Mona L Petrochko/NA/Enron@Enron, mpalmer@enron.com, Paul
Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, skean@enron.com,
Susan J Mara/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, David Parquet/SF/ECT@ECT
		 Subject: Re: Options the Governor's Considering

Jeff Dasovich and I, along with several IEP members, met with Gov Davis'
staff today, including his Chief of Staff, his Staff Director and two policy
advisors on energy issues.  They made the following points:

The Governor is personally spending a great deal of time on electricity
issues (and is forcing them to spend their time on it as well).
The Governor recognizes that part of the problem is a supply shortage, but
they put special emphasis on the view that in addition to supply shortfalls,
a big part of the problem is a "dysfunctional market" -- a thinly veiled
reference to price manipulation by people sitting in the room.
The Governor's view is that all participants (regulators, utilities,
customers and generators) must "behave responsibly".
Everyone must "share the pain".
The legislative battles are likely to start as soon as the legislature
returns next week, and the Governor will be putting forth several legislative
proposals in the next couple of weeks.
While staff went out of its way to say that the list of proposals (in the
attached e-mail) were unofficial and for discussion purposes only, it was
fairly clear that they defined much of what the governor plans to propose.

The meeting was not very encouraging nor did it provide much in the way of
new information.  The IEP group was on message, making the usual arguments
about the need for forward contracting, expedited generation and transmission
siting, a real retail market to promote demand side responses, etc.  The
staff is clearly focussed on forward contracting as part of the solution but
remains committed to the idea that generators have to cough up some money and
remain subject to rate caps, possible restrictions on sales outside the state
(at least at peak times), etc.  One approach they appear to be toying with is
a "share the pain" proposal which would have utilities absorbing some of the
deferred costs and consumers absorbing some of the deferred costs in the form
of higher rates.  That leaves generators ... who they might want to either
agree to some refunds or provide power at lower going-forward prices.

The staff says that they remain open to proposed solutions, but the Davis
administration appears unwilling to spend any political capital to fix the
problem.

I think we are in for a lengthy legislative and PUC fight.  We should, as
always, provide consistent and reasonable solutions.  I think we should
prepare a document for distribution to staff, legislators (and anyone else)
that takes the factual background and proposed solutions we have put forward
(eg in Belden's presentation and the Seabron Adamson whitepaper) and wraps
them in a more political context.  In other words, we have already
articulated the right answers; we now need to put a political rationale
around our proposals -- a set of arguments which responds directly to the
political opposition those answers are likely to encounter.  Jeff will follow
up with one of the staff members in particular (Kari Dohn) and I would
suggest that Jeff and Sandi work together on putting the necessary political
rhetoric around the solutions we have proposed.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	11/22/2000 04:00 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Sandra McCubbin/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON,
Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: Options the Governor's Considering

Steve:  FYI.  Don't worry about the conference call, but thought it might be
useful to review the proposals prior to Monday's meeting.

See you Monday.

Happy Thanksgiving to all.

Best,
Jeff

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

Several IEP companies have been invited to a meeting with the Governor,s
staff next Monday, November 27th.
The following are some options, which the Governor,s office is considering.
IEP is doing some preliminary research on some of these topics.  IEP would
like to arrange a teleconference call around noon on Monday, November 27th to
discuss the Governor,s meeting.  Please advise us as to whether your have
been invited, and who you are sending.
California,s electricity supply situation has two inter-related problems )
(1) high wholesale electricity costs, and (2) marginally adequate supply of
generation ) both have combined to create a dysfunctional wholesale
electricity market.  The goals should be:
 To assure reliable electricity to California consumers for the lowest
reasonable cost.
o Consider requiring that all in-state generation be sold in state.
o Consider re-asserting state authority over the operation, maintenance and
safety practices of all in-state generating facilities, for public health and
safety purposes.
o Consider developing a state power authority to build generation and
own/operate transmission.
o Consider requiring utilities both to retain existing and to build new
generation.
o Consider providing utilities with authority to stabilize retail prices to
be paid by consumers through development of an energy portfolio that reduces
exposure to spot markets, including contracting forward for much more of
their unmet power needs.
o Consider extending consumer rate freeze.
o Consider centralizing power plant dispatch like the other ISOs in the rest
of the country.
o Consider eliminating the ISO and assigning its functions to either a state
or private entity that can acquire the transmission facilities, and control
the electricity transmission grid (MUNIs have proposed this).
o Consider sponsoring/supporting legislation to change the ISO and PX boards
to increase accountability.
o Expand energy conservation programs focused both on immediate peak demand
reduction and on longer term, broader-based programs.
o Aggressively work to site new generation and transmission facilities, to
streamline permitting, and to develop renewable resources.
o Call for/sponsor federal FERC reform legislation that would:
o Impose a regional price cap that varies by time of day and year;
o Set requirements for FERC to use its retroactive refund authority;
o Improve FERC enforcement over price gouging practices;
o Affirm the role of states to protect their customers from unjust prices.
o Pressure the FERC to do its job to (1) bring about responsible seller
behavior in wholesale electric markets through price controls and other
market interventions as necessary, and (2) provide refunds to affected
consumers.
----- Forwarded by Jeff Dasovich/NA/Enron on 11/22/2000 03:44 PM -----

	Susan J Mara
	11/22/2000 03:05 PM

		 To: "CHUDSON" <carol@iepa.com>
		 cc: "Andy Brown \(E-mail\)" <abb@eslawfirm.com>, chudson@iepa.com, "Curtis
Kebler \(E-mail\)" <curtis_l_kebler@reliantenergy.com>, "Delaney Hunter
\(E-mail\)" <dhunter@smithandkempton.com>, "Greg Blue \(E-mail\)"
<gtbl@dynegy.com>, "Jack Pigott \(E-mail\)" <jackp@calpine.com>, "Jeff
Dasovich \(E-mail\)" <jdasovic@enron.com>, "Joe Ronan \(E-mail\)"
<joer@calpine.com>, "John Stout \(E-mail\)" <John_H_Stout@reliantenergy.com>,
jparker@HMOT.com, "Katie Kaplan \(E-mail\)" <kaplan@iepa.com>,
kelly@hnks.com, "Kelly Norton \(E-mail\)" <knorton@mcnallytemple.com>, "Lynn
Lednicky \(E-mail\)" <lale@dynegy.com>, marie_moretti@msn.com,
mrmonagan@aol.com, "Bob Weisenmiller \(E-mail\)" <rbw@mrwassoc.com>, "Bob
Escalante \(E-mail\)" <rescalante@riobravo-gm.com>, "Rob Lamkin \(E-mail\)"
<rllamkin@seiworldwide.com>, "Jan Smutny-Jones \(E-mail\)" <smutny@iepa.com>,
"Steven Kelly \(E-mail\)" <steven@iepa.com>, "Susan J Mara \(E-mail\)"
<Susan_J_Mara@enron.com>, "McNally Temple Assn. Inc. \(Business
Fax\)"@mail.cwo.com
		 Subject: Re:

Jeff Dasovich and Steve Kean are attending.  Someone can be on a call -- me
if no one else -- if Jeff and Steve are travelling at the time. Hey, does the
Governor have to fly coach?

	"CHUDSON" <carol@iepa.com>
	11/22/2000 12:47 PM

		 To: "Katie Kaplan \(E-mail\)" <kaplan@iepa.com>, "Jeff Dasovich \(E-mail\)"
<jdasovic@enron.com>, "Kelly Norton \(E-mail\)" <knorton@mcnallytemple.com>,
"John Stout \(E-mail\)" <John_H_Stout@reliantenergy.com>, "Curtis Kebler
\(E-mail\)" <curtis_l_kebler@reliantenergy.com>, "Rob Lamkin \(E-mail\)"
<rllamkin@seiworldwide.com>, "Bob Weisenmiller \(E-mail\)"
<rbw@mrwassoc.com>, "Susan J Mara \(E-mail\)" <Susan_J_Mara@enron.com>, "Andy
Brown \(E-mail\)" <abb@eslawfirm.com>, "Bob Escalante \(E-mail\)"
<rescalante@riobravo-gm.com>, "Greg Blue \(E-mail\)" <gtbl@dynegy.com>, "Jack
Pigott \(E-mail\)" <jackp@calpine.com>, "Jan Smutny-Jones \(E-mail\)"
<smutny@iepa.com>, "Joe Ronan \(E-mail\)" <joer@calpine.com>, "Lynn Lednicky
\(E-mail\)" <lale@dynegy.com>, "McNally Temple Assn. Inc. \(Business
Fax\)"@mail.cwo.com, "Steven Kelly \(E-mail\)" <steven@iepa.com>, "Susan J
Mara \(E-mail\)" <Susan_J_Mara@enron.com>, <mrmonagan@aol.com>,
<marie_moretti@msn.com>, "Delaney Hunter \(E-mail\)"
<dhunter@smithandkempton.com>, <kelly@hnks.com>, <jparker@HMOT.com>,
<chudson@iepa.com>
		 cc:
		 Subject:

Jan Smutny-Jones, Exec Dir
Independent Energy Producers Assn.
1112 I Street, Suite 380
Sacramento, CA 95814
PH: 916-448-9499
FX: 916-448-0182
iepa@iepa.com

 - Govs meeting Conf Call.doc


Yes, but when I click on it, I do not get the letter/notice.

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Wednesday, January 16, 2002 3:03 PM
To:	Mann, Ruth
Subject:	FW: thank you letter

is the "Word" icon showing up down below?

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Wednesday, January 16, 2002 2:56 PM
To:	Geneva Davis (E-mail); Lesli Campbell (E-mail); Mann, Ruth
Cc:	'string304@cs.com'; Millar, John; Margoliner, George; Smith, Mike J; Rush, Pamela; Lee, Dennis
Subject:	FW: thank you letter

I sent this to the 1400smith and enronx website masters.
kh

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Wednesday, January 16, 2002 2:28 PM
To:	'webmaster@1400smith.com'
Subject:	thank you letter

I am writing to you as Co-chair of the 2001 Enron Kids program.

A lot of ex-Enron folks who use your website were involved in this year's Gordon Elementary School adoption program.  Many of these people sacrificed some of their own Christmas so that kids at Gordon Elementary would not be let down.  I would like them to know that their efforts were truly appreciated by the students, faculty, and especially those of us on the Committee.  Would you please consider posting on your site the attached thank-you letter from the school?

thank you
Kevin Hyatt
Co-Chair
Enron Kids Committee 2001

 << File: GordonThankYou2001.doc >>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
05:21 PM ---------------------------

Youyi Feng@ENRON
01/12/2001 09:28 AM
To: Kimberly Watson/ET&S/Enron@ENRON
cc: Sean Bolks/ET&S/Enron@ENRON, Jim Wiltfong/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Youyi Feng/NA/Enron@Enron (bcc: Vince J
Kaminski/HOU/ECT)
Subject: A applicable model

Kim,

After yestersday's meeting, I've come up with an idea which is applicable to
the zone EF and
seems also to be applicable to the broader area. The model assumes that if
there are positive spreads of energy
products between pairs of locations, we can always find the possibilities of
swaptions. This assumption, as
discussed with Jim and Sean, is a reasonable approximation. I suggest that
the prototype be built up at this
model if you think that it is rational.  If you interested in the model, I
will explain it to all of you.

Best regards,

Youyi


Since the time frame is short, I wanted to give you an outline to mark
up/correct.

Here's how I understand the deal:

People's has the Manlove gas storage facility.  We have presented to People's
a nonphysical method to monetize it, similar to what was done with Bammel.
Since this is a regulated asset, regulatory approval will be required, and
the consumers will receive part of the benefit of the monetization.  The
essence of our deal is that Enron will receive 50% of the net earnings, up to
$25mm, as our fee.  In consideration for this fee, Enron takes the financial,
legal, accounting and engineering lead. Peoples and Enron will work together
on the regulatory strategy formulation and implementation.

We want to present a draft MOU to Peoples this week.  The basic goals are:

Define scope of the agreement
Define our lead role in the 4 stated areas
Create exclusivity for Enron
Define financial arrangements (cost/profit)
Get an acknowledgement that what was presented to them was proprietary, and
covered by our confidentiality agreement.
Define term (5 years)

Each party bears their own internal costs, and third party costs are split
50/50, with prior approval.  In that regard an immediate concern is getting
the engineering work kicked off.

We want the agreement broad enough to cover physical withdrawals.  We do not
want it specific to this field, since we want the benefit of the use of our
methodology.

Please correct/supplement, etc.

Thanks,

Kay


The Risk group will be moving to the other side of the 32 floor (between the
kitchen and Bob Hall's office) the weekend of Dec 15th.

Dave


Scott

Mark Taylor forwarded me your request, I thought it may be helpful to introduce myself and Dave Forster, Dave is the Vice President in charge of the commercial/operational aspects of EnronOnline (that was!).  We do have a relaunch plan in place which highlights critical timings which need to be met over the next weeks.  I hope this will assist you.  As Mark probably already informed you we are taking the opportunity to update the PA and ETA.  Under the timescale we do plan to have these with you today.

Should Citigroup be the winning bidder, we are currently planning to use the website name "citigroupenergy.com, 'ssmbenergy.com' or 'ssbenergy.com'.  If you intend to give us one of your own doamine names please let us know.

If you have any questions  on the timetable, please do not hesitate to contact Dave or myself, or on the form of the agreements Mark Taylor.

Thanks

Louise

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Thursday, January 03, 2002 11:11 AM
To:	Kitchen, Louise
Subject:	SSMB lawyer's request

 -----Original Message-----
From: 	"Flood, Scott L [GCO]" <scott.l.flood@ssmb.com>@ENRON
Sent:	Thursday, January 03, 2002 10:46 AM
To:	Taylor, Mark E (Legal)
Subject:	electronic trading

Mark,
Thanks for the call yesterday . It was very helpful. Can you send me a copy
of the  electronic trading and  pass word application agreements ? Thanks


Ben, there should be a standard form for this -- check with Candace.  If not,
let me know.  Michelle

Ben Herman@ENRON
10/13/2000 01:26 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Contractor Letter for your review

Pardon my forgetfullness.!

Michelle,

Please review the attached letter.  I will be using this in my termination of
a contract this afternoon.

Thanks for your help.

Ben  3.4822


Attached is the 99 Peakers' 12/21 Cost Summary and Draw Schedule for actual
expenditures through 12/17/99.  Due to the Christmas Holidays, next week's
weekly summary will not be sent until Wednesday, December 29th.  Please call
me if you have any questions.

Merry Christmas!
Theresa
x58173


Effective July 2nd David (Tiny) Roensch) accepted the responsibilities of being the Advisor for the San Juan Team. He will be the Advisor for the Kingman, Flagstaff and San Juan Teams. Rick Smith who was the Advisor for the San Juan Team will have the Gallup, Laguna and Mountainair Teams.

Thanks
RJ


Sara,

This issue is beyond my area of knowledge.  I'm sure Tana can answer those
questions.

tm

	Sara Shackleton
	07/26/2000 03:22 PM

		 To: Taffy Milligan/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 cc: Mary Cook/HOU/ECT@ECT
		 Subject: ISDA Definitions

Per my earlier email and the one below, could you please let us know about
the 2000 Defintions?  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 07/26/2000 03:20 PM -----

	Mary Cook
	07/26/2000 01:31 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: ISDA Definitions

I got a copy of 2000 Definitions Annex via distribution today.  However, I
did not know of nor do I have the 2000 Definitions, which apparently
restated/conformed the 1991/1998 basic ISDA definitions.  Our Master still
refs 1991, as amended etc., so it probably does pick up the 2000 issuance by
ISDA.  Do you have the 2000?  Do we need to order?  Should we consider
revising the master agreement in respect of the definition incorporation
language?  Give me a call.   Mary  Thanks.


Your GTSA Exhibit 0202BON013 with Pacific Gas and Electric Company is now available in INSIDEtracc.  If you have any questions prior to confirming* this exhibit, please call a California Gas Transmission Representative (http://www.pge.com/pipeline/custserv/reps.html).

Steps to E-Confirm your GTSA Exhibit:

1.	At the Pipe Ranger Home page (http://www.pge.com/pipeline/index.html), log on to INSIDEtracc.  You will be prompted to enter your ID and password at two different log on screens.
2.	At the INSIDEtracc main window, select Navigate, Contracts, Contracts.  Click the Retrieve button to retrieve your customer-specific contract information.
3.	Click the arrow next to the GTSA Contract Code to open up a list of Exhibit types (e.g. Transportation, Storage, Park/Lend).
4.	Click the arrow next to the appropriate Exhibit type for a list of Exhibits.
5.	Select the desired Exhibit from this list (single-click) or open the Exhibit by double-clicking on it.
6.	Click the "View Contract" button on the Contract Controller screen, or "View Exhibit" button on the Exhibit screen to review the full text of the Exhibit.
7.	Click the "E-Confirm" button when you are ready to electronically confirm your Exhibit.
8.	Click the "View Contract" or "View Exhibit" button after you E-Confirm the Exhibit.  Print or save the Exhibit text with the Date/Time/User ID stamp of your E-Confirmation.

* As a "contact" identified on Exhibit B (Access Request Form), you are authorized to confirm contracts under the Electronic Commerce System User Agreement executed with Pacific Gas and Electric Company.  If you are not a "contact" identified on Exhibit B, please call a CGT representative to let them know you received this e-mail in error.


i lost your number in austin.  i tried to give you a call last night and
clear up our argument  from saturday.  that got way out of hand and i
apologize for that.  there is no reason for me to be such a hot head about
that.  give me a call when you get a chance and we can clear up that mess.
your parents got your stuff yesterday.  let me know what you want to do with
that tv.  talk to you later.

matt