I'm always ready

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:45 PM
To:	Rybarski, Amanda
Subject:	RE:

i know what a perfect day, ready

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:44 PM
To:	Maggi, Mike
Subject:	RE:

I'm not so sore anymore, it's only certain days now, not all the time.  It sure looks like it's raining outside (hint-hint)

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:43 PM
To:	Rybarski, Amanda
Subject:	RE:

im a little hung over, i was here for a little while yesterday, are you still sore

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:42 PM
To:	Maggi, Mike
Subject:	RE:

I think you need to too.  I am feeling okay, except for this headache that is creeping up.  How are you today?  Were you here yesterday?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:41 PM
To:	Rybarski, Amanda
Subject:	RE:

thats a very good point, i need to work that out, how are you feeling

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:40 PM
To:	Maggi, Mike
Subject:	RE:

I know, but if you were my boss, then I would be able to

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:40 PM
To:	Rybarski, Amanda
Subject:	RE:

you cant unfortunately

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:40 PM
To:	Maggi, Mike
Subject:	RE:

let's go

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:39 PM
To:	Rybarski, Amanda
Subject:	RE:

now

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:39 PM
To:	Maggi, Mike
Subject:	RE:

and I'm ready to anytime

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:39 PM
To:	Rybarski, Amanda
Subject:	RE:

you can anyway

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:37 PM
To:	Maggi, Mike
Subject:	RE:

I think so, I would treat you better than she can

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:36 PM
To:	Rybarski, Amanda
Subject:	RE:

we will have to work on that in the future

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:36 PM
To:	Maggi, Mike
Subject:	RE:

No, I'm actually pretty happy about the deal.  Not as happy as I would be if I were working for you.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:35 PM
To:	Rybarski, Amanda
Subject:	RE:

thats not bad

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:35 PM
To:	Maggi, Mike
Subject:	RE:

Yeah, right.  I wish! I am working for Chris still and Scott Neal.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, January 31, 2002 12:34 PM
To:	Rybarski, Amanda
Subject:	RE:

perfect, are you working with me

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Thursday, January 31, 2002 12:32 PM
To:	Maggi, Mike
Subject:

We're going to be sitting kina close after the move.


I have an appt. tomorrow at 1 that shouldn't take long.


Constance,

I was on vacation from October 4th to October 19th and I didn't submit my timesheet yet. I tried to do it on the HRonline web-site, but the procedure is too complicated.
Is it possible that you or somebody else in the HR department mark the vacation time?
I would really appreciate that.

Thank you.

Vladi Pimenov

ext. 37625

 -----Original Message-----
From: 	Charles, Constance
Sent:	Friday, October 12, 2001 1:53 PM
Subject:	Analyst & Associate Program Timesheets - October 1-15, 2001
Importance:	High
Sensitivity:	Confidential

The Deadline to Submit Your Timesheet is 10/16/01 @ 12:00 Noon.

It's That Time Again!

Please enter your time @ http://ehronline.enron.com/.

This memo is a reminder to log onto eHRonline and complete your timesheet.

Remember, you only need to submit your time if you have exceptional time, i.e., vacation, sick, holiday, etc.,
or if your rotation information has changed.  Enron does not track overtime for Analysts and Associates.

Thank you for your cooperation.

Constance Charles
Analyst & Associate Program
Human Resources

Quick Reminder:

 You may receive your present or previous paychecks @ EB 3539A.


Hi Richard:? As I mentioned in my phone call, based upon my strengths and
personal talents, I have decided to return to the corporate environment (I
had worked for Mobil Oil, First City National Bank and the Federal Deposit
Insurance Corporation prior to law school) from the private practice of law.?
If you or others within Enron are?looking to add a corporate
finance/commercial transactions attorney with good business sense and legal
judgment, I welcome the opportunity to visit with you.

Attached is my resume.?I?have successfully closed hundreds of transactions
during 7?years in the Real Estate Energy and Finance section of Bracewell &
Patterson and 1
?years practicing in the areas of Banking and Finance, Energy
and Commercial Transactions at Locke Liddell & Sapp, where I am currently
Senior Counsel.

If you are interested in discussing with me?your department's legal
work?and/or my ability to contribute to Enron, please call me at (713)?298-
3883 or respond by email.? I appreciate your sharing my resume with other
business entities within Enron if any?of them is likely to need an attorney
with my capabilities?at this time.

Very truly yours,

Stephen A. Chan

Attachment

?

Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com

 - antal731.doc


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/08/2000
04:59 PM ---------------------------

	From:  Paige B Grumulaitis                           05/04/2000 06:45 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Ron Baker/Corp/Enron@ENRON
Subject: 133 - effectiveness

We wanted to catch up with you on where you are on ideas for testing.  Also,
I think we will need to get testing N America power and gas hedges on genco
as fast as possible.


I can play on Sunday morning this week.  My eldest daughter has a Horse Show
that I need to be at on Saturday.  Next week I could play either Saturday or
Sunday.  Please let me know.


CONGRATULATIONS!!!
PAT JOHNSON is the winner for +The Name This Newsletter Contest,.  It was a
close call. After receiving over 50 great ideas, the PR Dept had a tough time
narrowing the list to the top ten for Mark Frevert,s final decision.  We,d
like to thank everyone who submitted suggestions and a special thanks to Pat
Johnson for sending in the winning name EnTouch.

BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC
market have climbed to the low $40s.  The highest reported trade for December
was reported at $38.50.   The tightness should continue through the first
half of the year  with the Martin County mine still shut down.  The rest of
the year remains strong piggy backing off of the current spot market.

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances
broke out of this trading range this week.  The low trade was around $119.50
and the last trade was around $120.50.  The sharp drop in prices was caused
in large part by the news of Dominion Virginia Power settling the New Source
Review lawsuit brought against it by the state of NY and the EPA Continuing
rumors of further NSR related settlements will likely create continued
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless
Energy microturbine products to supply superior on-site energy service to
U.S. commercial and light industrial customers, announced that Enron North
America has completed an equity investment in Solo Energy as well as entered
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron
will assist in obtaining fuel contracts to support the Company,s distributed
generation contracts, including the provision of gas and backup electricity,
and will work with the Company to support its market and gas technology
research.

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two
female vampires to distribute candy carrying the message, "Corporate
bankruptcies are on the increase and could be your worst nightmare. You can
protect your company and sleep well at night". Locations for the distribution
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general
feedback and reaction of people was positive. Photos of the event will be
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Japan
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short
kimono - and used ceremonial hammers to break the lid of a wooden cask of
sake in front of an audience of 350 drawn from major companies and
government.  Enron has made an immediate impact already by offering eligible
consumers 3-5 year contracts with immediate savings of up to 10 percent in
the first year.   View the Japan website at www.enron.co.jp  [No worries,
it's in Japanese and English ...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals
team.  EBS will be staffing up there over the coming months.

Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio
management agreement covering UPM Kymmene's Nordic power portfolio. The
Mid-Market desk in the Oslo office will assist UPM in optimising its
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the
risk management system used in the process. In addition, the agreement opens
the door for Enron Energy Services to explore a variety of opportunities
within the company. The Nordic agreement is the first step towards a broader
scope of co-operation with UPM on a European and Global basis. The total
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which
2500 MW in Finland and about 500 MW in other countries. The group's power
procurement totals approximately 18 TWh per year, of which about 14 TWh in
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -
Legal.

Congratulations on a job well done to all those who worked so hard to put
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron
Australia.  Last week, the Sydney Office launched online Hong Kong weather
derivatives  and the Sydney weather node traded on EnronOnline in the US time
zone.  With this precedent, we hope to support the takeoff of global weather
on EnronOnline.

The Coal Group in Sydney has suddenly become very popular. There is no doubt
that a recent sale to AES for the plant at Barbers Point, Hawaii is the real
reason.  Coal purchases during year 2000 have been concluded with most major
producers in Indonesia and Australia.  We will soon be loading our first
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also,
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30
MW offshore wind project in the UK.  The Harwich project, situated in
Gunfleet Sands approximately eight kilometres offshore in the North Thames
Estuary is believed to represent one of the first serious investments in the
development of offshore wind energy in the UK.

ENRONONLINE STATISTICS

Below are the latest figures for EnronOnline as of November 27, 2000.

* Total Life to Date Transactions> 464,000
* Life to Date Notional Value of Transactions > $263 billion

NUGGETS & NOTES

"How does your earnings target look for the quarter?" ) Brent Price,
VP/Operations & Chief Accounting Officer for EGM

"Always price the illiquidity risk premium appropriately!" ) Doug Friedman,
Director of Financial Petrochemicals and Plastics

What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your laugh
clear across the floor!!!"

IN THE NEWS

"The uncertainty [of the presidential election] does not influence business.
It is a relatively short-term distraction. Our business model has not changed
and will not change as a result of the election because we've worked very
well with both the Clinton/Gore administration in Washington and the Bush
administration in Texas."
-- Mark Palmer, vice president of Enron Corporate Communications, Associated
Press

"The name of Enron may be unfamiliar in Japan, but it should not stay that
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't
go in and try to destroy markets - we go in and create them."  Some of the
company's potential customers and business partners may still need to be
persuaded of that, but Enron has a large stock of experience to reassure
them".---Financial Times

WELCOME
New Hires ENA/EIM/EGM
ENA ) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
EGM )Humaira Badat, Daiquiri Lucas

Transfers to ENA/EIM/EGM
ENA ) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Robert
Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy,
Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada,
Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams,
Rosalinda Zermeno
EGM ) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, John
Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed


Elk hunt this year is sceduled for Oct. 24-28th.  We're putting in for some
new territory this year and you all could be the first to harvest a nice big
bull.  I'll probably head over on wednesday or thursday night and hunt
through the weekend.  Hsu, no sidehill walking this year, unless there's a
bucket of rice over there.  Guzman, you missed it last year so I'm counting
on you to be the first elk hunter in history to walk around in a big-ass
sombrero with a side-shooter and a bottle of mezcal. Marcus, I don't give a
shit what you do.  Does anyone know if theres a Beaver game that weekend?


Mark:

I'm getting calls from different people with AA requesting copies of all "legally approved" confirmation templates.  I've had requests today from two different people with respect to power and rate/FX.  Do we have a formal process for  approving templates?  Where are the templates kept and how does legal know if they have been changed?   Have similar requests been made for other products?  There does not seem to be any sort of AA uniform deadline for submitting the templates.

I've asked AA to advise you so that we can all be consistent in our responses.

Thanks.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Steve,
I know that we specifically included the stabilizer in the Salmon deal.
Please confirm that it belongs there so that we can finish up the break out
contract.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/09/2001 06:48
PM ---------------------------

lee.johnson@ps.ge.com on 04/09/2001 05:55:57 PM
To: kent.shoemaker@ae.ge.com
cc: kay.mann@enron.com

Subject: Revised Salmon Agreement

Kent/Kay-

I've redline the Salmon contract for Exhibits A and B, Purchase Amount,
Maximum Liability Amount, and Unit Liability Amount.  The Power System
Stabilizer has been struck from scope, because I can recall Bill Williams
advising that LV would need them, Delta/Salmon would not.  That's consitent
with the other units going to CA (w/ Intergen).

Regards,

Lee <<Comparison of Versions 2 to 3 of Salmon Energy
Agreement_ljredline040901.DOC>>

 - Comparison of Versions 2 to 3 of Salmon Energy
Agreement_ljredline040901.DOC


Prentice get in touch?  We're coming on Saturday---i'll likely bet there
around 4 or 5.  I'll bring the money then.  In the meantime, can I order a
case of coast zin and one of cab for pick up and payment this weekend, too?

Your ol' boozer
Jeff

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	10/18/2000 10:16 AM

		 To: "'Jeff Dasovich'" <Jeff_Dasovich@enron.com>, "Prentice @ Berkeley"
<PSellers@haas.berkeley.edu>, Prentice Sellers <PSellers@pacbell.net>
		 cc:
		 Subject: Wine , etc, PLEASE RESPOND

The white wine in $4.31 per bottle including tax so you owe me $103.44.
Shall I order lobsters for the two of you for Saturday night.  I hope you
will join us and Jeff you can leave and study any time except for the actual
dinner period.

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


Greg,
I was unable to run your option detail. I will have Michelle send it to you
first thing Monday morning.

John Swinney


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   1.75%  0.15%  3.25%  4.0%  1.25-2.25%       [IMAGE] 	 [IMAGE]  Japanese Forex Trading Preview  March 7, 7:00 PM: EUR/$..0.8812 $/JPY..127.70 GBP/$..1.4260 $/CHF..1.6697  Japanese Forex Trading Preview by Darko Pavlovic  At 6:50:00 PM Japan Q4 GDP q/q prel. (exp -1%, prev -2.1%) Japan Feb Domestic WPI y/y (exp -1.4%, prev -1.4%) Feb Overall WPI y/y (exp -0.1%, prev -0.6%) Private Consumption (exp 2.5%, prev -6.7%) Feb M2+CD y/y  (exp 3.5%, prev 3.6%) Japan Feb M2+CD m/m (exp 5%, prev 7%)  The yen rose to its highest levels since October 1998 vs. the dollar as the surge in Nikkei boosted demand for the currency. The yen rose more than 3% to 126.40 before falling to the current levels of 127.70. The Japanese currency has gained 5.7% since the end of January. Japan Oct-Dec GDP fell real 1.2% q/q (worse than expectations of a 0.9% contraction) showing economy shrank for the 3rd consecutive quarter. Japan Oct-Dec real GDP down annualized 4.5% Japan Feb M2+CD money supply up 3.7% y/y Dec nominal GDP down 1.2% q/q Oct-Dec private sector consumption up 1.9% q/q Oct-Dec housing investment down 0.2% q/q Oct-Dec private capex down 12% q/q Feb domestic WPI up 0.1% m/m Oct Dec public investment down 2% q/q Japan Oct-Dec GDP deflator down 1.2% y/y Feb domestic WPI down 1.3% y/y Oct-Dec external demand GDP contribution -0.1% domestic -1%. Current account surplus 2.9% of GDP in Oct-Dec Japan says govt 1% FY GDP forecast needs outcome of +1.6% in Jan-March Japan says calendar 2001 GDP down real 0.5% y/y Recent changes in the law concerning the short-selling of stocks, as well as increasing confidence of a US-led global economic recovery spurred the re-allocation of assets from the US to Japan and other markets. In addition, rumors that the Bank of Japan was in the market also fueled the currency's rise, in spite of warnings from the MoF's Kuroda and Muto that Japan would be monitoring for speculative and excessive moves. There is a possibility that MoF could warn of possible intervention if the yen continues to strengthen. Foreigners bought a net 114-bln yen in Japanese shares last week, the biggest amount in seven weeks. The currency also strengthened due to repatriation talks ahead of March 31, the end of fiscal year in Japan. For the past five weeks, Japanese investors have been net sellers of foreign securities. Japan's January index of leading economic indicators in January stood at 75.0, above the 50 mark, assuming the economy may hit bottom and improve in coming months. The lagging indicator for January came in at 16.7, while the coincident indicator was 33.3.Rating agency Fitch IBCA said Japan's near-term sovereign risks are small for government bonds and other debt securities issued or guaranteed by the government. The firm currently rates Japanese long-term bonds double A. But Fitch remains bearish, saying Japan's massive fiscal deficit remains on an "unsustainable medium-term path." PM Koizumi promised on Thursday to take all required steps to revive Japan's sagging economy, but added there are no ''quick fixes.'' ''There is no change in my policy that the economy will not recover without reform and to promote structural reforms,'' Koizumi said. Resistance seen at 128 and 128.50. Support at 127 and at the 200-day moving average of 125.0.  EUR/USD is trading around 88.10 after reaching a 1-1/2 month high of 88.39 cents, shrugging off the European Central Bank's decision this morning to keep rates steady at 3.25%. Markets had anticipated the central bank would take no action due to growing signs of Eurozone economic recovery and rising inflationary pressures. ECB President Duisenberg repeated that he expects inflation to fall below 2% "in the course of the coming months", helped by falling producer prices that will be reflected in CPI, and by moderation in M3 components. Nonetheless, he warned that for inflation to stay below its limit would depend on wage moderation, which is crucial to growth in jobs and stable prices. EUR/USD faces resistance at its 200-day moving average of 88.50. Next upward target is seen at 89.0 and 89.40. Support is viewed at 87.40, backed by 87.0 and 86.65.  The pound gained a cent to peak at a 1-1/2 week high of 1.4313 against the dollar, after dropping to a 2-session low of 1.4184 cents in reaction to the Bank of England's expected decision to keep rates unchanged at 4.0% this morning. On its part, the IMF recommended the Bank of England should be ready to adjust monetary policy in either direction, noting the need to monitor escalating home prices and consumer debt. The IMF forecasted UK growth in 2002 at 1.8%, noting the slowdown would be brief but subject to risks. Next key upward target is seen at the 200-day moving average of 1.4333, followed by 1.4370 and 1.440. Support holds at 1.420, 1.4170 and 1.4130.  In his testimony to the House of Representative, Greenspan altered his speech slightly as he stated that the US economic expansion is "well underway  and that an array of influences unique to the current cycle are likely to moderate their pace. He indicated encouraging signs that demand trends are strengthening but the size of the pickup is uncertain, especially since business investment elsewhere, including aircraft, will most likely remain weak. Thus he commented that a US recovery almost certainly would not match the average growth of past recessions, which have typically averaged around 7%.  Tomorrow's release of the key US employment labor report is expected to show the creation of 5K to 10K in non-farm payrolls, though some private forecasts expect the creation of 100K. The unemployment rate is expected to rise to 5.8% from 5.6%, while average hourly earnings are seen up 0.3% from 0.0%.Key Eurozone indicators include Italian GDP and Dutch CPI. Highlights from Japan comprise GDP, money supply and wholesale prices.    	[IMAGE] Audio Mkt. Analysis Yen Soars 3.5% vs USD       Articles & Ideas  Yen's March Madness   Will Dollar be Fuelled against the Euro?       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
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As you can see from the attached calendar, Salomon Smith Barney will be
underwriting a tax free bond offering this week in your state.  If you or
one of your associates would like additional information about this issue,
please feel free to contact me.  Until next time, take care.

All the best,

Ted

Theodore A. Schwab
Senior Vice President- Investments
Senior Portfolio Manager
Salomon Smith Barney Inc.
Member SIPC
1850 K. St. NW, Suite 900
Washington D.C. 20006
202-862-2896 (Phone)
800-424-3209 (Toll Free)
202-857-5460 (Fax)
theodore.a.schwab@rssmb.com
www.smithbarney.com(HomePage)
www.ssbfcs.com/schwab(Bio)

If you no longer wish to receive communications from me, please let me know
via email, fax or phone.

-------------------------------------------------------------
Reminder:  E-mail sent through the Internet is not secure.
Do not use e-mail to send us confidential information
such as credit card numbers, changes of address, PIN
numbers, passwords, or other important information.
Do not e-mail orders to buy or sell securities, transfer
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accept such orders or instructions.  This e-mail is not
an official trade confirmation for transactions executed
for your account.  Your e-mail message is not private in
that it is subject to review by the Firm, its officers,
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--------------------------------------------------------------


Bruce,

I work with Phillip Allen in West Gas Trading and he talked to Greg Piper
about the letter attached below, and Greg told us to forward it to you.
Mr. Chase Belew and Mr. Carleson, with E*Steel, would like to meet with you
to discuss market opportunities in the global steel market.   I would like to
have Mr. Belew call you to set up a time to meet with you.  Would this be a
problem?  Please call me to discuss.

Sincerely,
Mike Grigsby
x37031
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 09/05/2000 05:01
PM ---------------------------

Chase Belew <cbelew@e-steel.com> on 09/05/2000 04:01:46 PM
To: "'mike.grigsby@enron.com'" <mike.grigsby@enron.com>
cc:
Subject: Meeting with Enron Networks

Mike,

As per our conversation, I would appreciate your help to arrange a short
meeting with executives from Enron Networks and a group from our company.

e-STEEL (www.e-steel.com) has become the preferred marketplace as well as
the recognized technological and collaborative commerce leader for the
$800billion global steel market. We have financial backing from Goldman
Sachs and Kleiner Perkins and have alliance contracts with companies
throughout the steel supply chain, including U.S. Steel and Ford Motor
Company . Because we consider Enron another leader in the development of
electronic marketplaces, we feel that there may be areas for mutual
cooperation. The purpose of our meeting is strictly exploratory.

Our group will consist of myself and Mr. Russ Carleson (Vice President,
Sales) from our headquarters in New York. We would like to propose a lunch
meeting next Thursday, September 14th, if possible. I will call you this
week to follow up.

Thanks,

Chase Belew
Account Manager
e-STEEL Corporation
440 Louisiana, Suite 440
Houston, TX 77002
(713) 236-7701
cbelew@e-steel.com


Green

Dale Neuner on 12/17/99 09:49:14 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Mine are in BLUE; please revert.

To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

My comments are marked below in red.

Dale Neuner on 12/15/99 03:35:59 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Please approve or offer comments:

---------------------- Forwarded by Dale Neuner/HOU/ECT on 12/15/99 03:35 PM
---------------------------

Marcello Romano
12/15/99 02:53 PM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Looks fine - we need to get authorisation now.

M

Dale Neuner on 12/15/99 01:48:29 PM
To: David Forster/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT

Subject: Proposed new Index

Index:  Gas Daily WAHA
Abbreviation: Waha
Sort Code: 3530

The Index for a calendar day shall be the average of the Daily Midpoint
prices published for such calendar day under the heading "Daily Price Survey"
in the Permian Basin Area: Tex intras, Waha area section of Gas Daily, or if
a calendar day is not a Business Day then the price for such calendar day
will be the average of the Common High and Common Low prices published on the
next succeeding Business Day.

Should the word "area" after "Waha" be capitalized? It's not capitalized in
the Gas Daily publication - so to consistent with the publication I did not
capitalize.
On some Gas Daily products we are switching to the Gas Daily posted average -
is this one of those?  Bob Bowen has been looking into this also. See above.


Received doc....I will review but agree that we are almost there.  BT


What's this and do you need some help with it?  Let me Know.
---------------------- Forwarded by Dana Davis/HOU/ECT on 10/09/2000 09:27 AM
---------------------------

Brad Carey@ENRON
10/05/2000 04:10 PM
To: Rufino Doroteo/HOU/ECT@ECT
cc: Dana Davis/HOU/ECT@ECT
Subject: Accrual Income Entries

Rufino,

Please see the list I have started for SAP accrual entries.  If you think it
will speed up the process or make the list complete, please work with Dana.
Let me know if you need anything else.

Thanks as always,

Brad


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February 2002		Scheduled

Friday 16
West			 (1066)
San Juan	                862
East			   (316)

Saturday 17
West			 (1065)
San Juan		    867
East			   (317)

Sunday 18
West			  (1076)
San Juan		     877
East			    (321)

Monday 19
West			  (1075)
San Juan		     879
East			   (326)

Notes:  Quite weekend.
            TW will be hosting the annual San Juan outage coordination meeting with Williams Field Services, El Paso,
            Burlington, Northwest and PNM on March 6 and 7 in Houston.
            Will send out Park and Ride and Line-pack fuel sales revenue for February later this week.


Below is an announcement that was sent to employees within Enron Europe today
from Fernley Dyson and me.  Most of you have probably become aware of the
assignment that Brent will have over the next few months in London.  We
anticipate that he will be back in the Houston office by the end of the
second quarter.  I thought that you would like to see how we have described
the role that he will play in London.

Brent will retain his current role within North America, and will be
conducting his Houston staff meetings via conference call from London.  Susan
Harrison and Steve Jackson will play leadership roles for his gas team while
he is in London;  Susan with a focus on operations and Steve with a focus on
risk and interfacing with Jeff Shankman's on daily p&l and position
information.  needs.

Please wish Brent well in this additional assignment in London.  I would ask
that you help defeat the "out of sight, out of mind" syndrome, and that you
keep Brent informed of ENA issues as you would if he were in town, via e:mail
or telephone.  Also, please work closely with Susan and Steve when you are
dealing with issues that cut across commodity lines.  Susan will be attending
the Monday afternoon staff meeting.
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/03/2000 01:23 PM
---------------------------

Nicole Scott
04/03/2000 11:32 AM
To: Richard Causey/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT, Rick
Buy/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT
cc:
Subject: Organisational Announcement.

Please see the following announcement, which just went out to Enron Europe
Niki
---------------------- Forwarded by Nicole Scott/LON/ECT on 03/04/2000 17:32
---------------------------

Fernley Dyson & Sally Beck
03/04/2000 17:31
Please respond to Fernley Dyson/LON/ECT
Sent by: Enron Europe General Announcement
To: ECT Europe
cc:

Subject: Organisational Announcement.

Enron Europe has played a vital role over the last few years in the global
expansion of  Enron,s  business.  Now we are taking a strategic role in
setting the standards for global operational performance.  Accordingly, we
will work closely with Global Risk Management Operations to assess our
operational policies, procedures and internal controls.  This will be a
collaborative effort to establish and implement standards and measurements to
be used world-wide.  This strategic initiative is critical to Enron,s
performance, in insuring that trading operations services are delivered
consistently across all commodities and all locations.
We are very pleased to announce that effective April 10, 2000, Brent Price,
Vice President of Global Risk  Management Operations, will office at Enron
House, reporting to both of us.  Brent will have the responsibility and
authority to facilitate this global initiative for Enron Europe.  Brent
brings a wealth of operational and risk experience.  His most recent
assignment included heading Gas Operations for Enron North America.

Brent will have the responsibility to assist and guide us through the process
of assessment and development of global operational standards and
measurements.  This will include evaluating the operational processes,
procedures and controls for all commodities and locations managed by Enron
Europe.  He will also advise us on any critical issues requiring immediate
action to insure that we are fully aligned in  the delivery of global
consistency throughout all of our operations.  He will work actively with the
operations staff in Enron Europe to achieve this goal.

We ask your full co-operation in supporting Brent and the success of this
initiative.

We remain committed to our mutual efforts to develop our people, build
business knowledge, leverage talent across locations and insure the integrity
of our global services.

Fernley Dyson     Sally Beck
VP, Chief Accounting Officer   VP, Global Risk Management Operations


The August end of month close is behind us.  Once again, we learned some
things. We made progress.....but we also have issues to work.

Summary On Improvements For This End Of Month Close

I would like to congratulate the users, the application team and the DBA team
for a much improved end of month close for August gas. This would not have
been possible without the significant commitment, focus and teamwork
exhibited by all the folks involved in this effort.

The most tangible measure of progress over the July close :
We were able to keep all users in the system throughout the final week. No
one was kicked off the system.
The gas accounting close process finished on time. Key users and IT folks
didn't have to work significant overtime to finish the process.

 Improvements arose from :

Upgrading the Unify system to Sybase 12 with extra server memory. This
reduced system 'locking and blocking' and made it possible to keep all users
in the system throughout the week. Nightly settlements for gas invoicing also
ran much faster. Many thanks to the DBAs - Jim Ogg and Kishroe Bharathi-- for
many late nights and weekends. Many thanks also to the application team and
the users for lots of testing before the production rollout.

Conducting a pre-planning session that identified new end of month techniques
to improve efficiency. The users generated several new ideas including the
idea to pre-process PMAs the night before running the current mass draft.
This meeting provided several new approaches, a clear plan and cohesive
communication throughout the end of month process. Many thanks to the all the
users as well as Bob Superty, Bryce Baxter, Melissa Ratnala, Dave Nommensen
and Chris Schomer for making this happen. Many of these ideas will now be
part of a standard process.

The performance monitoring and tuning team reacted quickly to address changes
in system performance. Many thanks to Matt Pena and the rest of this team for
keeping the system up and running as fast as possible during the day.

Release of a new tuned version of the Accurals process that runs much faster.

Issues, Challenges, Action Items

While we made progress this month, there are still several significant issues
and opportunities for improvement. The following is a list of the things that
'went bump in the night' and the action items we've identified.

1. We experienced several Sybase 12.0 errors early in the week that impacted
gas business. All of these problems are now fixed. This had the following
business impacts:
The bridgeback of deals to Sitara was delayed. These deals were bridged
manually before the end of month valuation. We also fixed the code problem
that generated th original problem.
Global Systems replication to Unify was down on Monday. This problem was
fixed with a software patch from Sybase Monday evening. All affected deals
were then uploaded. Nominations were completed for these deals on Monday
through manual estimation by the schedulers.
Communication between the DBA group and the application group was delayed on
the Global Systems replication problem. This delayed our ability to notify
users of the problem. Communication on problems will be be improved in the
future. The default assumption will be to notify key application and
infrastructure personnel as soon as any serious problem is identified.

2.  We experienced a hardware issue with a bad server CPU at 3:00AM on
Thursday.  As a result, database backups ran into the morning when the server
came back up. This created slow system response and delayed logins for users
until 10:00 AM. This problem is now fixed.
 Action Item: Kishore will coordinate with Randy Matson from the
infrastructure group to coordinate a stress test of all production server
components. This will allow us to see if we can find any other marginal
components.  This will be completed by September 18.

3. All service PMAs for ENA and HPLC were not picked up by the Settlements
process. HPLC PMAs were run manually by the users. For ENA, missing PMAs were
immaterial and the users decided to close with these results. We have now
found and fixed the error that caused this problem.
 Action Item: Chris Schomer is having his team investigate this problem to
see if this is just a Sybase 12.0 issue or whether this error could have
impacted previous months. A determination should be available by September
15.

4. Enpower deal load did not load deals with referenced prices correctly.
These deals have now been successfully loaded and are currently completed
through the mass draft process for power. We have identified and fixed the
software error that caused this problem.

5. Power mass draft is now running very slow as compared to prior months. We
are currently working to complete the Power mass draft process. It will be
completed by the user deadline for close of business Wednesday Sept. 6.
 Action Item: Chris Schomer's team is investigating why the Power mass draft
is running so slow.  At present we do not have a definitive answer. We hope
to develop a definitive answer and action plan by September 15. Our current
hypothesis for why we have this problem includes :
Data changes - we now have a much higher volume of hourly priced deals
Potential database index issues. We will re-build all power database indexes
and re-compile the stored procedures
Sybase optimizer flakiness. We often see Sybase suddenly start to have
processing problems for no apparent reason.

Update On Future Tactical  And Strategic Improvements

We have several pending tactical Unify performance improvements that are in
process. These include:

1) Isolating Unify Gas on a server of it's own
2) Delivery of a middle tier mass draft process to reduce locking and blocking
3) Upgrade of the middle tier mass draft process to allow for drafting at a
deal level (rather than just a counter-party level)
4) Delivery of the nominations and balancing process on a middle tier
architecture.

Ramesh Rao and his team have the strategic projects progressing on schedule.
We are seeing significant performance gains in our testing of SQL Server over
Sybase. We also have identified a couple of hardware vendors that could
provide very large, scaleable computing environments for this type of Unify
architecture. We plan to have all critical evaluation testing completed by
the end of September as planned. We will present our recommendations along
with a high-level strategic delivery plan by early October.

Let me know if you have any questions or concerns --  x39694 or (713)
503-4873.

Thanks.


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 07/22/2000
08:15 PM ---------------------------

	Enron Technology

	From:  Stephen Harrington @ ENRON                           07/20/2000 03:17
PM

To: Hunter S Shively/HOU/ECT@ECT
cc: John P Tollefsen/HOU/ECT@ECT, Don Adam/Corp/Enron@ENRON
Subject: HP 9100C Digital Sender

Hunter:

The equipment is installed behind Rain's desk and the network port has been
made active.  The Server Team has to activate the sender, but they're running
some printer issues this afternoon, and may not be able to get to it today.
I am leaving for vacation today so the Remedy ticket # is: 170276.  You can
call x34888 and reference the ticket number for tracking while I'm gone.  The
Team Lead for Trader Support on your floor is Don Adam, and he may be able to
help facilitate a resolution for you if nothing happens by tomorrow afternoon.

Regards,

Steve


Our next conference call will be held this Friday, September 15th at 10:00
a.m. New York time.  If you wish to participate, please call 888-904-9318
and give passcode "US REG" and leader is Stacy Carey.

Stacy Carey
Director of U.S. Regulatory Policy


Tom:

I assume your guaranty issues were resolved as I never heard back from you.
Please advise.  Thanks.

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


The Wellness Department has scheduled a blood drive on Thursday, March 14, from 10 a.m. to 3 p.m.  An M.D. Anderson Blood Center mobile coach will be parked on Andrews Street in front of Enron Center North to accommodate donors.  Call the the Health Center at ext. 3-6100 or send an email to mailto:health.center@enron.com to schedule an appointment.  If you need additional information, visit http://hrweb.enron.com/wellness/healthService/bloodDrive.asp.


PIRA's Emissions Marketing Intelligence Service (EMIS) just released its
latest report to clients entitled, "Update: The Southern California (NOx)
RECLAIM Market."  On May 11 the South Coast Air Quality Management District
Board removed power generators, as defined under the program, from the NOx
RECLAIM market at least until 2004. However, their actions to date have left
the rest of the RECLAIM participants, such as oil refineries, facing an
ongoing, extremely tight market balance.

A second, extensive report analyzing trends and prospects in the SO2 Credit
Market will be released shortly.

Non-EMIS clients interested in the latest RECLAIM report can purchase it for
$2,000. The annual fee for quarterly EMIS reports is $4,500 for up to 10
users at one client site (office).

For more information, please contact Victoria Watkins at (212) 686-6808,
ext. 315 or vwatkins@pira.com.


Yes, I will be there.

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


========================================================
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________________________________________________________
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Thursday, February 1, 2001
Saturday, February 3, 2001

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________________________________________________________
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Roundtrip Coach fares for travel between:

Anchorage, AK         -     Cordova, AK           -     $129.00
Anchorage, AK         -     Eugene, OR            -     $359.00
Anchorage, AK         -     Fairbanks, AK         -     $99.00
Anchorage, AK         -     Kodiak, AK            -     $149.00
Anchorage, AK         -     Oakland, CA           -     $299.00
Anchorage, AK         -     Orange County, CA     -     $319.00
Anchorage, AK         -     Portland, OR          -     $279.00
Anchorage, AK         -     Sitka, AK             -     $209.00
Anchorage, AK         -     Yakutat, AK           -     $129.00
Burbank, CA           -     Eugene, OR            -     $229.00
Burbank, CA           -     Seattle, WA           -     $179.00
Cordova, AK           -     Anchorage, AK         -     $129.00
Eugene, OR            -     Anchorage, AK         -     $359.00
Eugene, OR            -     Burbank, CA           -     $229.00
Eugene, OR            -     Reno, NV              -     $129.00
Eugene, OR            -     Sacramento, CA        -     $179.00
Eugene, OR            -     Seattle, WA           -     $69.00
Fairbanks, AK         -     Anchorage, AK         -     $99.00
Fairbanks, AK         -     Phoenix, AZ           -     $499.00
Fairbanks, AK         -     Seattle, WA           -     $349.00
Fairbanks, AK         -     Spokane, WA           -     $459.00
Juneau, AK            -     Las Vegas, NV         -     $309.00
Juneau, AK            -     Oakland, CA           -     $289.00
Juneau, AK            -     Yakima, WA            -     $269.00
Ketchikan, AK         -     Burbank, CA           -     $179.00
Ketchikan, AK         -     Medford, OR           -     $379.00
Ketchikan, AK         -     San Diego, CA         -     $379.00
Ketchikan, AK         -     San Francisco, CA     -     $349.00
Kodiak, AK            -     Anchorage, AK         -     $149.00
Las Vegas, NV         -     Juneau, AK            -     $309.00
Las Vegas, NV         -     Redmond, OR           -     $189.00
Las Vegas, NV         -     Seattle, WA           -     $179.00
Los Angeles, CA       -     Yakima, WA            -     $229.00
Medford, OR           -     Ketchikan, AK         -     $379.00
Medford, OR           -     Oakland, CA           -     $179.00
Medford, OR           -     Ontario, CA           -     $239.00
Medford, OR           -     Phoenix, AZ           -     $239.00
Medford, OR           -     Portland, OR          -     $69.00
Medford, OR           -     Seattle, WA           -     $99.00
Oakland, CA           -     Anchorage, AK         -     $299.00
Oakland, CA           -     Juneau, AK            -     $289.00
Oakland, CA           -     Medford, OR           -     $179.00
Ontario, CA           -     Medford, OR           -     $239.00
Ontario, CA           -     Portland, OR          -     $179.00
Orange County, CA     -     Anchorage, AK         -     $319.00
Orange County, CA     -     Redmond, OR           -     $239.00
Pendleton, OR         -     Portland, OR          -     $59.00
Phoenix, AZ           -     Fairbanks, AK         -     $499.00
Phoenix, AZ           -     Medford, OR           -     $239.00
Portland, OR          -     Anchorage, AK         -     $279.00
Portland, OR          -     Medford, OR           -     $69.00
Portland, OR          -     Ontario, CA           -     $179.00
Portland, OR          -     Pendleton, OR         -     $59.00
Portland, OR          -     Redmond, OR           -     $79.00
Portland, OR          -     San Francisco, CA     -     $109.00
Portland, OR          -     Spokane, WA           -     $60.00
Redmond, OR           -     Las Vegas, NV         -     $189.00
Redmond, OR           -     Orange County, CA     -     $239.00
Redmond, OR           -     Portland, OR          -     $79.00
Redmond, OR           -     San Jose, CA          -     $179.00
Redmond, OR           -     Seattle, WA           -     $79.00
Reno, NV              -     Eugene, OR            -     $129.00
Reno, NV              -     Seattle, WA           -     $119.00
Sacramento, CA        -     Eugene, OR            -     $179.00
San Diego, CA         -     Ketchikan, AK         -     $379.00
San Diego, CA         -     Yakima, WA            -     $239.00
San Francisco, CA     -     Ketchikan, AK         -     $349.00
San Francisco, CA     -     Portland, OR          -     $109.00
San Francisco, CA     -     Yakima, WA            -     $179.00
San Jose, CA          -     Redmond, OR           -     $179.00
San Jose, CA          -     Seattle, WA           -     $109.00
Seattle, WA           -     Eugene, OR            -     $69.00
Seattle, WA           -     Fairbanks, AK         -     $349.00
Seattle, WA           -     Las Vegas, NV         -     $179.00
Seattle, WA           -     Medford, OR           -     $99.00
Seattle, WA           -     Redmond, OR           -     $79.00
Seattle, WA           -     Reno, NV              -     $119.00
Seattle, WA           -     San Jose, CA          -     $109.00
Seattle, WA           -     Yakima, WA            -     $59.00
Sitka, AK             -     Anchorage, AK         -     $209.00
Spokane, WA           -     Fairbanks, AK         -     $459.00
Spokane, WA           -     Portland, OR          -     $60.00
Yakima, WA            -     Juneau, AK            -     $269.00
Yakima, WA            -     Los Angeles, CA       -     $229.00
Yakima, WA            -     San Diego, CA         -     $239.00
Yakima, WA            -     San Francisco, CA     -     $179.00
Yakima, WA            -     Seattle, WA           -     $59.00
Yakutat, AK           -     Anchorage, AK         -     $129.00

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Check the Alaska Web Specials page periodically as additional markets and
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________________________________________________________
4) WEB SPECIALS RULES

* Valid on Alaska Airlines or Horizon Air only.
* Seats are limited and may not be available on all flights/dates.
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* Valid on new bookings only.
* Reservations must be made using the Alaska Airlines Web Site. Tickets
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* Tickets are non-refundable, non-changeable and are of no value after the
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* Fares quoted do not include Passenger Facilities Charges of up to $18 or
segment fees of $2.75 per flight segment. A flight segment is defined as
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* Other restrictions apply.

________________________________________________________
5) HILTON HOTEL SPECIALS

For special value rates at Hilton Hotels in Alaska Airlines cities visit
the Hilton web site at:
http://www.hilton.com/specials/values/akairvalues.html

========================================================
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	'kensey' has recommended LEN (Long) at Oct 24 2001  5:12PM
	Lennar Corp (NYSE:LEN)   Symbol  Last  Time  Change  High  Low  Volume  LEN   34.00   4:07PM  -0.20  34.50  33.60  443,500  Community Take   27 Long / 5 Short

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	 'kensey' said:
	 Wed Oct 24 16:51:47 2001   LEN.   potential double bottom.     potential dearth of selling.   stochastic oversold.  thats a definite.   and lets face it folks, this rally runs out of gas toute suite without the homebuilders bringing it up the rear.   kensey
	 Click here  to  see the full recommendation with annotated graph

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Sara,

I had a call on this from Bob a few weeks ago.  I told him that generally it
was ok, but that we would need to revise our file should he require a
definitive position, plus we would need to ensure that advice which we
ploughed through earlier last year was still current.  He told me not to do
any more work on this at the time because it was not clear whether there was
any chance of doing a deal with an Indian counterparty.

I am more than willing to send you ou all my notes, etc, however, which
crunched through the 1/14/97 opinion with Crawford's and asked supplemental
questions.

Kind regards

Mark

From: Sara Shackleton on 22/06/2000 08:31 CDT
To: Mark Elliott/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc: Paul Radous/Corp/Enron@ENRON

Subject: India:  derivatives

Mark:  ENA is looking into derivatives trading with an Indian corporate.  My
latest information is the opinion from 1/14/97 rendered by Crawford Bayley &
Co. (which was part of our global survey effort a few years ago).  Do you
have anything more recent?  The ENA inquiry came from the pulp and paper
group.  Thanks for your help.  Sara


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/27/2000
05:35 PM ---------------------------

Pinnamaneni Krishnarao
09/27/2000 04:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, kaminski@aol.com
cc:
Subject: presentation files

Vince:
 FYI, Grant has gone through slides 4-9 (option premium definition in GBM-BS
presentation) last time. I will copy these files to my Laptop and a floppy to
take to the Hotel tomorrow. Bring your laptop also though, just in case ...
Krishna.


Start Date: 2/2/02; HourAhead hour: 17;  HourAhead schedule download failed. Manual intervention required.


As I mentioned in my voice mail, please check up on the signing bonus we
agreed to pay Tony Pryor.  He didn't get it and we need to get that fixed
asap.  I'll be at 37555 tomorrow and back in Omaha Monday.  If you learn
something tomorrow and can't get ahold of me, please leave me a voice mail.
Thanks.  DF


The Assignment and Amendment to the Assignment was faxed to Vangie McGilloway
and the orginals are being fedexed to her tonight.  A copy is being sent to
Tracy.


?
 - ngstorage_us.pdf


---------------------- Forwarded by Rob G Gay/NA/Enron on 01/09/2001 07:42 PM
---------------------------

Tracee Bersani@ECT
01/08/2001 01:27 PM
To: Rob G Gay/NA/Enron@Enron, Richard A Lammers/SA/Enron@Enron
cc:

Subject: Change Order log (forecast and contingent only)

Per your request ->

Also, you may be interested in the approved amounts:


We will be meeting in EB40C2.


Yes - it's definitely time to think about this.  My suggestion would be that
we try to get Don to pay the expenses since the trip would be necessary
regardless of who she was working for (EI or ECT).  Of course, if he balks,
we'll foot the bill.

Brent Hendry@ENRON_DEVELOPMENT
11/16/98 11:58 AM
To: Mark - ECT Legal Taylor@ECT
cc:
Subject: Andrea Calo

Is it time to think about when to bring Andrea to Houston to meet Jim
Derrick?  Who's budget would it come out of?


John

The attached has the arbitrage conditions that need to be checkrd for skew
curves.  Let's get together if you have questions or comments.

We are starting the design of the checks for the Excel pricing  workbook as
we discussed.

Bob


We have received an executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   March 19, 2001

Enron Entity:   Enron North America Corp.

Counterparty:   Allegheny Energy Supply Company, LLC

Transactions Covered:  Approved for all products with the exception of:
Foreign Exchange

Confirming Entity:  Enron North America Corp.

Governing Law:   New York

CONFIRMATIONS:  There is a special form of confirmation that should be used
for all online and offline transactions.

RESTRICTIONS:  This is a TEMPORARY bridge master agreement until we can get a
new ISDA Master Agreement in place.  In a side letter agreement dated
3/19/01, the parties have adopted the Merrill Lynch Capital Services, Inc.
ISDA Master Agreement dated 12/02/92, in effect changing the names of the
parties and certain credit terms.


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/22/2001 10:19 AM
---------------------------

Steve C Hall
01/22/2001 09:50 AM
To: Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Tracy
Ngo/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT
cc:
Subject: More PX Exposure: EEI Event of Default

As if we needed another reason to avoid at all costs a default at the PX:

I notice that one "Event of Default" under Enron's EEI master agreement is an
Enron Corp default on indebtedness to third parties, which results in the
acceleration of obligations in excess of $100 million.  This sounds like our
doomsday scenario at the PX, under which we default on a payment or
chargeback, and the PX liquidates our block forward/CTS positions, which the
PX values in excess of negative $100 million, and then exercises our LCs.

This makes it even more imperative that we (1) avoid a default at the PX and
(2) reduce our CTS collateral with the PX.


FYI - Eric
========
----- Forwarded by Eric Benson/NA/Enron on 04/03/2001 03:27 PM -----

	webmaster@cera.com
	03/30/2001 09:08 PM

		 To: insights@cera.com
		 cc:
		 Subject: Broadening the Search for Opportunities: Status of Retail Markets
in the European Union - CERA Monthly Briefing

Title: Broadening the Search for Opportunities: Status of Retail Markets in
the European Union
URL: http://www20.cera.com/eprofile?u=35&m=2330

INCREASING IMPORTANCE OF EUROPEAN RETAIL MARKET OPPORTUNITIES FOR NOTRH
AMERICAN PLAYERS
As the movement toward competition in North American retail markets remains
uncertain, it is important to consider how opportunities may be evolving in
Europe.

* European Union Directives will eventually make the electric and gas markets
more integrated and open, creating a single market comparable to North
America.

* Significant restructuring of assets and processes is mirroring US
restructuring activity at the wholesale and retail levels, and in some areas
moving faster.

* Currently, the only robust competitive retail gas and power market is in
the United Kingdom, although other countries are technically open with some
customer switching and still others are soon to follow.

**end**

Follow above URL for complete Monthly Briefing.

E-mail Category: Monthly Briefing
CERA Knowledge Area(s): Retail Energy,

***********************************************************************
CERA's Spring 2001 Roundtable event dates and agendas are now available
at http://www20.cera.com/event
***********************************************************************

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This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
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in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


Mike - I think we are doing a good job of isolating ourselves from the direct
risk of owning synfuel machines.  The equity owners are the ones at risk for
any amendments to Section 29 of the tax code.  Further, we have identified
the "Class A" machines in the market, those with the strongest PLR 's, legal
facts, and credit worthy owners, and have concentrated our activities on only
those machines.

We will be responsible for supplying coal to the machines, a short position
we enjoy today with our term sales of equity coal to Florida Powers' synfuel
group and traded coal to Sempra, and act as sales agent (obviously with
obligations to sell) for the resultant synfuel. The deals we are currently
negotiating with AIG and PacifiCorp are even more favorable then our Sempra
deal in that we will not be acting as operator of the machines.  We also
expect to receive mark to market  accounting treatment on the new deals.  As
point of reference we think AIG will be worth about $25 mm and PacifiCorp
north of $50 mm.  Although we have yet to mtm the Sempra deal, it is worth
about $25 mm on a mtm basis.

Between the above three deals we have over $100 mm of potential income this
year.  In addition we will enter into long term short positions with the
machines, which will allow us to expand our physical flows, and continue to
grow our business.  As an example, this year we will deliver about 12 - 15 mm
tons of eastern coal.  If we successfully conclude the AIG and PacifiCorp
deals, we will move an additional 11 - 13 mm tpy of eastern coal.  Sempra
will add another 2 mm tpy, for a total of 13 - 15 mm tpy.  We will be in a
position to virtually double our physical flows of eastern coal next year.

Synfuel has already had a significant impact on a number of regional markets.
Not only do we want to be in the synfuel business, we need to be in the
business in order to understand, anticipate, and take advantage of rapidly
changing market dynamics.  Synfuel represents a significant, fundamental
change in the coal business.  This changing market  will present new
opportunities for us to develop and exploit.  The key obviously is to be a
major player in both the synfuel and underlying coal markets in order to take
advantage of the information flows generated by each market.

We are already in the process of meeting with international customers about
supplying them with synfuel.  We have received a favorable reaction from both
the international utilities and steel mills.  We will gain a significant
competitive advantage in the international market by being in a position to
offer synfuel not only through Pier IX in Virginia (Sempra), but also through
New Orleans (AIG and PacifiCorp - via terminal sites on the Ohio River
system).

We have asked our regulatory people to stay on top of any activity in
Washington, and to date synfuel has not been a significant political issue.
Jordan has directed our outside tax people to monitor the IRS' temperature,
and their response to any letters they receive regarding synfuel from members
of Congress or the industry. The noise in the system has been primarily
generated by Arch Coal Co. who are not active in the synfuel market; and the
State of West Virginia, who would like to tax the production of synfuel.

The tax issue is one we will try to solve by pushing back on the equity.

 Arch is no match for the combined legal and lobbying capabilities of the
large players now in the synfuel business - Florida Power, SCANA, PGE, AIG,
Sempra, PacifiCorp, Kentucky Utilities, TECO, Keystone Conemaugh, DQE,
Norfolk Southern, Fannie Mae, Drummond, Peabody (Lehman Bros.), Alliance
(Chase), Massey (Fluor) and Southern Company Services. In addition Aquila.
PSE&G, Duke, CP&L, VEPCO, Santee Cooper and others are working to locate
machines at their river terminal and generation sites.

I will be in Pittsburgh and West Virginia all of next week.  I would like to
schedule a meeting time for the group, and I will call in - preferably Monday
mid - afternoon or Tuesday late afternoon.  Angie will coordinate with
everyone to set a convenient time.

Thanks,

George

	From:  Mike McConnell                           09/15/2000 04:18 PM

To: George McClellan/HOU/ECT@ECT
cc:
Subject: Synfuel

George,

I would like to have a brief (30 minute) meeting about the noise in the
political system about synfuel and reaffirm Jordon's viewpoint on Section 29
credits.  This is big issue and without this reaffirmation I believe we will
have approval issues with RAC and others.  I want Jeff and/or I in the
meeting.

Thanks,
mike


Shouldn't we talk to them about sourcing off TW instead of waiting to see who the supplier will be? I would like to be as proactive as possible on this one. Thanks.

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Monday, October 22, 2001 10:55 AM
To:	Harris, Steven
Subject:	FW: New Mexico Power Plant Project

Steve,

FYI, Kim.

 -----Original Message-----
From: 	Lohman, TK
Sent:	Monday, October 22, 2001 9:35 AM
To:	Watson, Kimberly
Subject:	RE: New Mexico Power Plant Project

Supplies have not been lined up as of yet.  They are waiting to get farther along on the permits.

TK

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Sunday, October 21, 2001 3:28 PM
To:	Lohman, TK
Subject:	FW: New Mexico Power Plant Project

TK, just checking to see if you have heard who may be supplying the supply for this plant?

Thanks, Kim.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Monday, August 13, 2001 11:01 AM
To:	Watson, Kimberly
Subject:	FW: New Mexico Power Plant Project

Can we contact them to find out about how they plan to get their gas supply? I know Stan will ask me about this one.

 -----Original Message-----
From: 	Brennan, Lorna
Sent:	Monday, August 13, 2001 10:58 AM
To:	Chavez, Gabriel; Dowd, Stephen; Gadd, Eric; Hyatt, Kevin; Millar, John; Ratner, Michael; Taylor, Gina; Hass, Glen; Loeffler, Michael; Stanton, Lon; Wilson, Rob; Harris, Steven; Donoho, Lindy; Goradia, Pallavi; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Moore, Jan; Watson, Kimberly
Subject:	New Mexico Power Plant Project

Regent Energy in Pact to Develop 500 MW Plant
Regent Energy recently executed a contract with Millennium Energy Ventures, a private Houston-based venture capital and project development company, to develop an electric plant with 500 MW generating capacity on Regent's Horseshoe Gallup lease in San Juan County, NM.
Regent will own 75% of the project, while MEVCO will own the remaining 25%. The estimated cost of the project comes in at $250 million.
Under the agreement, MEVCO will manage the permitting, estimated at 6 to 9 months, and construction process, arranging the equity as needed for same. Regent will be prepared to give up 50% (total) of its 75% net for the financing, netting a 25% interest following the equity/debt financing.
Further terms of the agreement provide that MEVCO will assist Regent in the acquisition of several gas fields in the Four Corners area, San Juan and Rio Ariba Counties of New Mexico, totaling an estimated 90+ Bcf and 20 MMcf/d current production. This production will be sufficient to power 100 MW of the power plant, with the remaining supply to be aggregated from other San Juan producers.
MEVCO Managing Director Phillip Gennarelli noted, "We are pleased to be involved in this project with Regent. The addition of more producing properties in the area that we bring Regent, coupled with Regent's Horseshoe Gallup holdings, which are in direct proximity with the existing Four Corners Power Plant and the route of the recently announced Sonoran Pipeline venture of Calpine and Kinder Morgan, will provide an unequaled opportunity for both companies."
Regent President John Ehrman said, "The additional production from producing properties which MEVCO is assisting Regent in purchasing, currently producing some $1.5 million per month in net operating income, coupled with the additional income through power generation helps Regent to maximize the location of our holdings in relation to the proximity of the existing power plant and transmission lines to key electricity markets in Los Angeles and other western markets. It is a good use of our surface lease, not related to the current proved mineral reserves of the lease."
The producing oil and properties which MEVCO is assisting Regent in purchasing are in Regent's core area of the Four Corners region near Farmington, NM. Regent will be required to finance the acquisition of the oil and gas proven producing properties under consideration.
Recently, Regent announced that it was in the process of purchasing the interests of all remaining working interest owners in the field, a transaction that is expected to be consummated by the end of the third quarter 2001, giving Regent 100% ownership of the current minerals on the lease.


GO COOGS!!!

Even though Jeff McClellan has left Cougars@Enron, your alumni group is still in action!  My first order of business is to update the Cougar email list.  Since the creation of Cougars@Enron, Enron approximately has hired an additional 400 Cougars.  That brings the Cougar count to 922 alumni!  To date, UH has one of the largest alumni constituencies here at Enron.  Therefore, I am building a new list from scratch to ensure that we have the most up to date list possible.  If you have received this email in error or do not wish to be included on the distribution, please email me and I'll remove your name.  Otherwise, look out for upcoming events such as a Happy Hour and a Cougars@Enron All Alumni Meeting.

I would like to inform you that Cougars@Enron Board of Directors has a few open positions.  If you are interested in serving on the Board, please notify me as soon as possible as our next Board meeting is next week.  It will be on a first come first serve basis.  Requirements include:

1. Must be a dues paying member of the Houston Alumni Organization (Membership forms provided if needed).
2. Must be an Enron Employee
3. Attend Board meetings to be held on the 3rd Wednesday of every month from 11:45-1:00.  Meetings are held in the EB50 Executive Board Room.
4. Lead or participate in one or more of our many committees (Golf Tournament, Tail Gate Parties, Happy Hours, etc).

I will notify you if you have been selected to serve on our Board.  Thank you for your continued interest and I look forward to seeing you soon!

GO COOGS!
Tracey Kozadinos
BBA 1999, MBA 2000
President - Cougars@Enron
713-646-7405

<Embedded Picture (Metafile)>


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/10/2000 06:20
PM ---------------------------

jporte1@columbiaenergygroup.com on 03/22/2000 08:44:59 AM
To: " - *Scott.Goodell@enron.com" <Scott.Goodell@enron.com>, " -
*Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: COH Storage

Let's try this. Asking COH about Summer MDQ discrepancy, probably rounding
error, will let you know.

 - coh2000-2001.xls


You're right.  I have corrected the ticket.

D

Tina Valadez
10/17/2000 09:20 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Koch Midstream Services Co

The buyer's name on deal440093 is Koch Midstream shouldn't it be Duke Energy
Field Services?

Daren J Farmer
10/17/2000 07:09 AM
To: Tina Valadez/HOU/ECT@ECT
cc: Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Kristen J Hanson/HOU/ECT@ECT,
Julie Meyers/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT
Subject: Re: Koch Midstream Services Co

I have created two new deals in Sitara.  You will need to get with someone in
Volume Management to reallocate volumes from the old tickets to the new deals
for Jan-Sep.  The Logistics group will be able to adjust October forward.

Deal #s:

144052 --> 440092
144049 --> 440093

Let me know if you have any questions.

D

Tina Valadez
10/16/2000 11:50 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Kristen J Hanson/HOU/ECT@ECT
Subject: Re: Koch Midstream Services Co

Please change the Sitara tickets dating back to January 2000 and let me know
when you are finished.

Thank You,
Tina Valadez

Daren J Farmer
10/16/2000 11:15 AM
To: Tina Valadez/HOU/ECT@ECT
cc: Carlos J Rodriguez/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT
Subject: Re: Koch Midstream Services Co

Since Koch has told you that they sold the properties to Duke, I would say
that Duke should be paying us for the gas.

I had heard that Koch sold the properties to another counterparty, but I
wasn't sure to whom.  I either talked or left a message with someone in the
settlements area about two months ago about this after Koch informed the
trader that they should not be getting the invoices.  However, I never heard
back from anyone.

This is related to the CES acquisition which came online the first of this
year.  The deal info we had at the time had this sale booked to Koch.  I can
change the tickets in Sitara to the Duke counterparty (or create new tickets)
today if you need me to, so that we can get the invoice out the door.  You
will still need to coordinate with the contract group in getting the correct
contract in place for the deal.

D

Tina Valadez
10/10/2000 10:18 AM
To: Carlos J Rodriguez/HOU/ECT@ECT
cc: Kristen J Hanson/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
Subject: Koch Midstream Services Co

I have been billing Koch Midstream Services Co under ENA for meters
LL-1-0030-Comitas (Sitara #144052) and LL-1-0027-Volpe (Sitara #144049).  My
former accounting contact at Koch, Michael Thomas, said that Koch sold these
south texas assets to Duke Energy Field Services back in 1999.  Michael faxed
a contract which I forwarded to Cindy Balfour Flannigan in the contract
area.  Cindy said she can't tie the deals in the contract to our system so
she can't recognize the assignment.  Cindy has left messages with Koch, but
she has not been able to resolve the issue.    Koch is refusing to pay for
the gas and there is currently over a million dollars outstanding relating to
these deals.  I need to find out whether Koch or Duke is responsible for
paying for this gas.  Do you have any information regarding this issue?

Thanks,
Tina Valadez
3-7548

---------------------- Forwarded by Tina Valadez/HOU/ECT on 10/10/2000 10:03
AM ---------------------------

	From:  Ami Chokshi @ ENRON                           10/09/2000 02:47 PM

To: Tina Valadez/HOU/ECT@ECT
cc:
Subject:

Tina,

With regards ti the Koch Midstream, you could talk to Daren Farmer about it.
Also, Carlos Rodriguez could help.

Ami


Your message has encountered delivery problems
to the following recipient(s):

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 - C.DTF
 - C.DTF


Amy,
Could you please sign up Bert Meyers, Mark Guzman, and Kate Symes for the pilot program.
Thanks,
Bill


Who is Legal requested the master?


Hello  Mr. Kaminski,

                               Can we  meet for a quick lunch again at your
convenience? Just to bring you up to date about my search for the right
opportunity. Also I noticed in the Risk magazine that Enron Investment
Partners and AIG have joined TreasuryConnect as strategic partners to
capitalize on internet-based transaction execution of financial derivatives.
I would like to explore if I can be any help to Hank Finkenstaedt, the
Director of Enron Investment Partners.

                            Please let me know what day and time might be
convenient for you.

Thank you.

Sincerely,

Maruti More
832-251-7267
mmore@houston.rr.com

-----Original Message-----
From: more <mmore@houston.rr.com>
To: Vince J Kaminski <vkamins@ect.enron.com>
Date: Monday, July 10, 2000 11:28 AM
Subject: Enron open positions

                            Dear Mr. Kaminski:

                            I would  like to explore the opportunity to join
Enron Investment Partners. I understand that Enron has $20 million fund set
up to finance start-ups, and Gene Humphreys and his assistant John Godbold
are trying to attract minority -owned start-up firms. I also learned that
Enron has plans to increase the size of this fund to $200 million. I can find
these opportunities for Enron around the Globe. Given my background as a
Chartered Financial Analyst, with hands-on experience in investment
management covering financial derivatives, fixed income, and equity, I can be
a valuable resource to do the due diligence, origination, valuation, and
monitoring of these start-ups. Would you please help me arrange a meeting
with either Gene Humphreys, Ted Murphy, or may be Ken Lay?

I am pasting below the job opportunities open at Enron. I am also interested
in these positions and would like to meet with the hiring manager.

I will give you a call to follow up.

Thank you.

Sincerely,

Maruti More
832-251-7267

            job 0000104282 details

              MANAGER/DIRECTOR
            ESSENTIAL FUNCTIONS: Candidates will be responsible for helping
facilitate the transaction approval process for domestic and international
investments. These investments include, but are not limited to, private
equity, project development, venture capital, and structured credits.
Candidates will work with business developers and underwriters in
identifying, understanding, and documenting transaction risks. They will also
assist in preparing transaction approval documentation. In addition, they
will oversee the valuation, modeling, and simulation process for investments.
The primary focus is to identify and measure key risk factors from both a
quantitative and a qualitative perspective with an emphasis on fundamental
analysis. The candidate must be able to assist in management and training of
departmental staff and in formulation of investment valuation policies and
procedures.
            ESSENTIAL REQUIREMENTS: ? Strong interpersonal skills ?
Understanding of transaction structuring and credit risk issues ?
Understanding of finance and valuation methodologies. ? Proficiency with
Excel cash flow models ? Experience with financial statement analysis ?
Understanding of statistics and simulation techniques (Monte Carlo).

            PREFERRED SKILLS: NA.

            SPECIAL CHARACTERISTICS: The ideal candidate will possess an
undergraduate degree in finance, accounting, or economics, and an MBA.
Relevant experience could include credit analysis or valuation/finance
experience. Manager/Director in the Risk Assessment department of a $20
billion energy company.

            CONTACT: PLEASE EMAIL RESUMES TO corpjobs1@enron.com, PLEASE
REFER TO JOB NO.104282 WHEN RESPONDING.

            Job ID  0000104282
                        Department  CAPITAL PRICING / RISK AN
                        Company  CORPORATE STAFF
                        RISK ASSESSMENT AND CONTROL
                        Location  HOUSTON, TX
                        Type
                        Posting date 05-JUN-00

            To submit your resume for this position:
            Online Enter your resume ID:   No Resume ID?  You can create a
resume on-line, deposit it in our database, and receive a Resume ID using our
Resume Builder.

                        Your Resume ID will allow you to submit your resume
once, but route it to up to 20 open positions.Enron does not process resumes
that are not sent in response to specific positions.

                        If you have an existing resume in electronic format,
the Resume Builder allows you to cut and paste your whole resume.

                        Fax Our fax number is 1-888-588-7152.
                        You must tell us which jobs you're interested in, or
we will not be able to process your resume.Write on your resume (or on a
separate page) all of the jobs IDs of the jobs you're interested in pursuing.

            An Equal Opportunity and Affirmative Action Employer

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

            Top of page  Copyright 1997-1999 Enron Corp. All rights
reserved.  Contact us.

job 0000104281 details

              STAFF/SPEC/SR SPEC
            ESSENTIAL FUNCTIONS: "SNAPSHOT" preparation - Responsible for
preparation of quarterly asset "snapshots" which provides Enron's Senior
Management with summarized operational and financial information on selected
merchant portfolio investments. Responsibilities associated with preparation
of snapshots include: researching publicly traded companies, calculating key
financial data, updating and analyzing graphical summaries of performance,
reviewing press releases for recent events data, updating stock prices from
Bloomberg ? WEEKLY UNDERWRITERS REPORT - Full responsibility for updating and
distributing weekly Underwriters' Report. Involves regular interaction with
Executive Vice President, London office personnel, as well as several Vice
Presidents within Underwriting Group within RAC. ? VARIOUS PROJECTS - will be
utilized on special projects on an as needed basis
            ESSENTIAL REQUIREMENTS: Accounting/Finance/Economics Degree with
0 - 4 years business experience. Excellent computer skills - EXCEL,
POWERPOINT, Bloomberg, Word Research skills and the ability to interact with
a variety of personnel and departments. Excellent organization skills. Self
starter, quick learner. Must be team player. Good writing skills with the
ability to concisely summarize operational and financial results.

            PREFERRED SKILLS: NA.

            SPECIAL CHARACTERISTICS: . Entry level position with the
opportunity to gain familiarity with all of Enron's portfolio assets. Future
advancement in asset and portfolio management possible for candidate who
exhibits competence and creativity.

            CONTACT: PLEASE EMAIL RESUMES TO enajobs1@enron.com, PLEASE REFER
TO JOB NO. 104281 WHEN RESPONDING.

            Job ID  0000104281
                        Department  DUE DILIGENCE/ASSET MGMT
                        Company  CORPORATE STAFF
                        RISK ASSESSMENT AND CONTROL
                        Location  HOUSTON, TX
                        Type
                        Posting date 05-JUN-00

            job 0000102789 details

              SR SPECIALIST
            ESSENTIAL FUNCTIONS: In this position candidates will model, run
monte-carlo simulations, evaluate capital investments. These investments will
cover a wide range. Candidates will be responsible for the validation of
models as well as insuring the accuracy and integrity of the model and
underlying assumptions. The primary focus will be to provide an objective
valuation for an investment by identifying and measuring key risk factors
from both a quantitative as well as qualitative perspective. ? Understanding
of valuation techniques applied to equity or structured financial products. ?
Understanding of cash flow models and option pricing models. ? Proficiency in
Excel. ? Understanding of project finance and risk mitigation techniques. ?
Experience with financial statement analysis and Pro Forma Statements. ?
Understanding of statistics and application to financial analysis.
            ESSENTIAL REQUIREMENTS: NA.

            PREFERRED SKILLS: ? Understanding of simulation methodologies
such as MonteCarlo. ? Exposure to statistical analysis software such as
Crystal Ball or @Risk. The ideal candidate will possess an undergraduate
degree in finance, accounting, or economics and have 2 to 3 years of
financial modeling experience and an MBA/CPA.

            SPECIAL CHARACTERISTICS: NA.

            CONTACT: PLEASE DO NOT CONTACT THE HIRING MANAGER. PLEASE NO
FAXES. Send resumes via e-mail to corpjobs1@enron.com or mail to Enron, attn:
TVasut - EB3628, 1400 Smith St., Houston, TX 77002. Please refer to job #
102789

            Job ID  0000102789
                        Department  CAPITAL PRICING / RISK AN
                        Company  CORPORATE STAFF
                        RISK ASSESSMENT AND CONTROL
                        Location  HOUSTON, TX
                        Type
                        Posting date 17-MAR-00

 - att1.htm


FYI!

 - cam2year1.bmp
 - cam2year2.bmp


Anna:

As promised, I am reviewing your new form of account agreement (as well as
the assignment).  Can you please tell me WHAT document the new account
agreement was marked against?  It is not marked against ENA's existing
agreement dated "January, 1997".

Regards.

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

	"Meytina, Anna Confidential Memo-Counsel (Exchange)" <ameytina@bear.com>
	02/13/2001 03:06 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc: "Chernick, Sharon Confidential Memo-Counsel (Exchange)"
<SChernick@bear.com>
		 Subject: RE: corporate guaranty

Sara:

Per our conversation, attached please find (i) a black lined version of the
Guaranty, marked to show our changes, and (ii) the marked and clean
Institutional Account Agreement.

Please call us once you have had a chance to review the attached documents.

Regards,

Anna Meytina

 <<056 Guaranty ( Bear Stearns - Enron Corp Form).doc>>  <<IAA021301.doc>>
<<IAA021301execution.doc>>

> -----Original Message-----
> From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> Sent: Thursday, February 08, 2001 1:40 PM
> To: ameytina@bear.com
> Subject: corporate guaranty
>
> Anna:
>
> Attached is the form of Enron corp. guaranty.
>
> (See attached file: 056 Guaranty ( Bear Stearns - Enron Corp Form).doc)
>
>
> Sara Shackleton
> Enron North America Corp.
> 1400 Smith Street, EB 3801a
> Houston, Texas  77002
> 713-853-5620 (phone)
> 713-646-3490 (fax)
> sara.shackleton@enron.com << File: 056 Guaranty ( Bear Stearns - Enron
> Corp Form).doc >>

 - 056 Guaranty ( Bear Stearns - Enron Corp Form).doc
 - IAA021301.doc
 - IAA021301execution.doc
***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


Enjoy!
 - 20011011ERCOT_LOAD.XLS
 - 20011011ERCOT_FLOW.XLS


Steve, attached for your reading pleasure is the testimony we've filed in the
GIR proceeding.


OK on the call.

Re: Centralized unit commitment and your concerns.

A few things to think about. Here are a few options:

1) Have the ISO do it (you can also have "bid-zero" bilaterals if you want
but the basic mechanism is the same). This effectively gives you PJM, New
York, etc.

2) You can have the traded flowgates approach, with the flowgate rights
needed to schedule. That way you get the right plants on in the right
places, in theory at least. This might be interesting as a future
development, but as we have previously agreed it is way too untested for use
now.

3) You can have the transmission rights (e.g flow rights a la Alliance) be
purely financial hedges (similar in some ways to FTRs), but you don't need
the flow right to schedule a transaction. This is the way that a bunch of
the RTOs seem to be going (e.g. Alliance). But this still leaves you needing
a way to create that feasible schedule. You can get feasibility by RT
through the LMP but my sense is that the RTO needs to make sure there is
enough capacity ready so that reliability can be protected. The problem of
the financial-only flowgate method in my book is that it doesn't meet one of
the key characteristics of a workable market - e.g. it doesn't really solve
the problem of congestion while there is time to do anything about it (e.g.
bring more plants online other than a few CTs, hydros, etc.). The RTO will
need some way to handle this problem, or else handle large volumes of MWh by
OOM calls at its discretion. I don't think we like that.

I was talking with some people about Alliance on Monday and they seem to
have sort of lost track of the ball, at least in my book. They are now
talking about an alternative method for dealing with day-ahead congestion.
This would effectively take the form of the re-dispatch type process used in
California. My view is that this sounds pretty clumsy, adds a lot of
complication, and will be great fun for the big generators in Alliance.
Under this system I want to be AEP - the 600 pound gorilla of the region.
And it is still effectvely centralized - the ISO takes in inc/dec bids and
broadcasts out prices, calculated by the OPF model. It has all of the
elements of LMP, just done more than once. If I am a big intergrated
generator/load utility with market power I can repeat the old games of
creating congestion by my scheduling in a constrained area and then getting
paid to unwind it.

So I think we have some basic questions to address next week on the call. I
just want to make sure we get an RTO model that can be made to work without
too much duct tape and bailing wire. If we want to jump off the centralized
unit commitment train we may need to go back and consider all of the
economic angles quite carefully. I am generally sympathetic to the
decentralized commitment idea but I also want to make sure we don't end up
with a muddle.

Cheers

Seab

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

-----Original Message-----
From: James.D.Steffes@enron.com [mailto:James.D.Steffes@enron.com]
Sent: Wednesday, May 09, 2001 12:49 AM
To: Seabron Adamson
Cc: Linda.J.Noske@enron.com; Richard.Shapiro@enron.com
Subject: Re: Policy paper

Yes. ?I'd like a call early next week with some internal staff to discuss.
Some key issues on language and some real reservations on "centralized"
unit committment. ?I'll have Linda Noske (my assistant) set up the call.

Jim

To: ? ? ? ?<Richard.Shapiro@enron.com>, <James.D.Steffes@enron.com>
cc:

Subject: ? ? ? ?Policy paper

Rick/Jim:

Please find attached a new draft, incorporating your comments from last
Thursday. As I remember the next stage was to circulate this around
internally for feedback?

Seabron

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information. ?If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly
prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph: ?(617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com


I just sold 3,000 dth to CES for July 31st, deal 348523.  Per Jeff Porter,
this is an in-ground storage transfer.  Jeff is faxing me the form to
transfer the gas from ENA's storage to BG&E's storage account.  The transfer
needs to be completed by July 31st.


I have copies of interventions and protests that have been filed in response
to TW's Order 637 compliance filing.  If you want copies, let me know.  In
any event Maria and I can provide you with a summary later this week.