----- Forwarded by Jeff Dasovich/NA/Enron on 06/26/2001 04:31 PM -----

	Michael Tribolet/ENRON@enronXgate
	06/26/2001 12:14 PM

		 To: Robert C Williams/ENRON@enronXgate, Lisa Mellencamp/ENRON@enronXgate,
Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron
		 cc:
		 Subject: FW: Article

Here are the sellers and amounts

American Electric Power Service Corp. (AEP </investments/quotes/?symbol=AEP>,
news </investments/news/?symbol=AEP>, msgs
</investments/discuss/?symbol=AEP>): $22.9 million
Arizona Public Service Co. (PNW </investments/quotes/?symbol=PNW>, news
</investments/news/?symbol=PNW>, msgs </investments/discuss/?symbol=PNW>):
$24.6 million
Aquila Power Corp. (ILA </investments/quotes/?symbol=ILA>, news
</investments/news/?symbol=ILA>, msgs </investments/discuss/?symbol=ILA>):
$28 million
Avista Energy Inc. (AVA </investments/quotes/?symbol=AVA>, news
</investments/news/?symbol=AVA>, msgs </investments/discuss/?symbol=AVA>):
$48 million
Automated Power Exchange: $16 million
British Columbia Power Exchange Corp: $439 million
Calpine Corp. (CPN </investments/quotes/?symbol=CPN>, news
</investments/news/?symbol=CPN>, msgs </investments/discuss/?symbol=CPN>):
$236 million
Constellation Power Source Inc. (CEG </investments/quotes/?symbol=CEG>, news
</investments/news/?symbol=CEG>, msgs </investments/discuss/?symbol=CEG>):
$7.8 million
Cargill-Alliant LLC: $1.4 million
Citizens Power Sales: $557,000
Coral Power, LLC,. a unit of Shell Oil (RD </investments/quotes/?symbol=RD>,
news </investments/news/?symbol=RD>, msgs </investments/discuss/?symbol=RD>):
$27 million
Duke Energy Corp. (DUK </investments/quotes/?symbol=DUK>, news
</investments/news/?symbol=DUK>, msgs </investments/discuss/?symbol=DUK>):
$804 million
Dynegy Inc. (DYN </investments/quotes/?symbol=DYN>, news
</investments/news/?symbol=DYN>, msgs </investments/discuss/?symbol=DYN>):
$530 million
Enron Corp. (ENE </investments/quotes/?symbol=ENE>, news
</investments/news/?symbol=ENE>, msgs </investments/discuss/?symbol=ENE>):
$39 million
El Paso Corp. (EPG </investments/quotes/?symbol=EPG>, news
</investments/news/?symbol=EPG>, msgs </investments/discuss/?symbol=EPG>):
$29 million
El Paso Power Electric Co. (EE </investments/quotes/?symbol=EE>, news
</investments/news/?symbol=EE>, msgs </investments/discuss/?symbol=EE>):
$24,475
Hafslund Energy Trading LLC: $712,528
Idaho Power (IDA </investments/quotes/?symbol=IDA>, news
</investments/news/?symbol=IDA>, msgs </investments/discuss/?symbol=IDA>):
$28 million
Koch Energy Trading: $2.5 million
Los Angeles Department of Water and Power: $75 million
MDSC: $24 million
Mieco Inc.:$1.6 million
Morgan Stanley Capital Group (MWD </investments/quotes/?symbol=MWD>, news
</investments/news/?symbol=MWD>, msgs </investments/discuss/?symbol=MWD>):
$124,644
NewEnergy Inc.: $1.5 million
Nevada Power Co. (SRP </investments/quotes/?symbol=SRP>, news
</investments/news/?symbol=SRP>, msgs </investments/discuss/?symbol=SRP>):
$9.1 million
PacifiCorp: $65 million
PECO Energy Co. (EXC </investments/quotes/?symbol=EXC>, news
</investments/news/?symbol=EXC>, msgs </investments/discuss/?symbol=EXC>):
$4.2 million
Portland General Electric (ENE </investments/quotes/?symbol=ENE>, news
</investments/news/?symbol=ENE>, msgs </investments/discuss/?symbol=ENE>):
$44 million
Public Service Co. of Colorado: $14.1 million
Public Service Co. of New Mexico (PNM </investments/quotes/?symbol=PNM>, news
</investments/news/?symbol=PNM>, msgs </investments/discuss/?symbol=PNM>):
$15.5 million
Puget Sound Energy: $24 million
Reliant Energy Inc. (REI </investments/quotes/?symbol=REI>, news
</investments/news/?symbol=REI>, msgs </investments/discuss/?symbol=REI>)
$750 million
Mirant Corp. (MIR </investments/quotes/?symbol=MIR>, news
</investments/news/?symbol=MIR>, msgs </investments/discuss/?symbol=MIR>),
formerly Southern Co., $753 million
*Sempra Energy Trading Corp. (SRE </investments/quotes/?symbol=SRE>, news
</investments/news/?symbol=SRE>, msgs </investments/discuss/?symbol=SRE>):
$82 million (this number has been wiped out by the ISO)
Sierra Pacific Power Co. (SRP </investments/quotes/?symbol=SRP>, news
</investments/news/?symbol=SRP>, msgs </investments/discuss/?symbol=SRP>):
$23 million
TEK: $11 million
Tuscon Electric Power: $1.1 million
UPA: $131,715
Winston and Strawn: $11,917
Williams Cos. (WMB </investments/quotes/?symbol=WMB>, news
</investments/news/?symbol=WMB>, msgs </investments/discuss/?symbol=WMB>)
$860 million
Total FERC jurisdictional sellers: $4.7 billion
*Total without SETC/SDG&E: $4.6 billion
Total FERC and Non-FERC sellers: $6.7 billion
*Total without SETC/SDG&E: $6.6 billiion
Total March-May overcharges: $2.3 billion

 -----Original Message-----
From:  Tribolet, Michael
Sent: Tuesday, June 26, 2001 7:35 AM
To: Williams, Robert C.; Mellencamp, Lisa; Shapiro, Richard; Steffes, James;
Kingerski, Harry; Mara, Susan; Dasovich, Jeff
Subject: Article

Much Calif Power Price Gouging Beyond FERC's Reach -ISO
Updated: Monday, June 25, 2001 06:59 PM ET   Email this article to a friend!
 Printer-friendly version

By Jason Leopold

Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--Federal energy regulators only have the authority to
order refunds for about a third of the $9 billion California Gov. Gray Davis
claims energy companies have overcharged the state in the 12 months to May
2001, documents from the state's wholesale market operator show.

Of the total, $2.9 billion came from the May-September period the Federal
Energy Regulatory Commission has said it can't act on, and $2.8 billion from
the October-May period is attributable to municipal utilities over which FERC
lacks jurisdiction, according to documents from the California Independent
System Operator.

That leaves just $3.3 billion in alleged overcharges that FERC could
potentially order refunded - far less than the $9 billion Davis seeks.

Talks between generators and state officials to settle billions of dollars in
unpaid bills and issues of overcharging began Monday. Curtis Wagner, the FERC
administrative law judge presiding over the talks, has said California will
likely see refunds from generators, but far less than the $9 billion Davis
expects.

Davis said Sunday California is going to Washington, D.C., "with one goal,
and that is to bring back $9 billion."

Nearly half that amount is attributable to municipal utilities, the ISO
documents show. The ISO said the Los Angeles Department of Water and Power,
for example, overcharged California $75 million between May and October.

David Freeman, the governor's chief energy adviser and the former general
manager of the LADWP, said the agency didn't overcharge the state, but
conceded it profited by selling spare power to the ISO.

Davis adviser Nancy McFadden said the state needs FERC to lay the groundwork
for the state to seek refunds from public utilities by ordering refunds from
corporate energy suppliers.

But during a conference call Sunday with reporters, McFadden and Davis press
secretary Steve Maviglio couldn't explain how the governor would go about
getting refunds from companies whose wholesale power prices aren't regulated
by FERC.

Davis testified before the U.S. Congress last week that generators
overcharged the state $9 billion and that FERC should order the refunds.

State Sen. Jim Brulte, R-Rancho Cucamonga, has asked for an investigation
into Davis's testimony, saying the figures were based on "shaky
calculations."

To come up with its conclusions, the ISO compared hourly market prices
received by sellers to an estimate of market prices that could have been
expected under competitive market conditions.

The ISO established a benchmark for what it determined was competitive - at
times about $125 per megawatt-hour to $200/MWh, a fraction of actual prices
in the market - based on the cost of natural gas and compliance with
air-quality rules.

The ISO, however, typically used the price of gas at California's northern
border, according to the documents. Generators paid a higher price for the
fuel in Southern California, raising the cost of making electricity.

The ISO also used reports of earnings by the state's "Big Five" power
suppliers during 2000 - earnings that for some quadrupled - to draw the
conclusion that generators overcharged the state, according to the documents.

The ISO attributed high power prices in part to the state's three largest
utilities' failure to buy the power they needed in advance, leaving the grid
operator to pick up the shortfall at the last minute, according to the
documents.

The ISO alleges the following companies overcharged the state by the listed
amounts between May 2000 and February:


Notice No. 01-107
March 22, 2001

TO:
All Exchange Members

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
NYMEX ACCESSc Web Site

As of Thursday, March 22, 2001, the NYMEX ACCESSc web site remains
unavailable for the NYMEX ACCESSc session for trade date March 23rd.

Please call the NYMEX ACCESSc Control Center (NACC) for all NYMEX ACCESSc
price information at 1-800-438-8616.

We will provide an update regarding the status of the web site on Friday,
March 24th.

Should you have any questions or require any further information, please
contact exchangeinfo@nymex.com

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-107)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Just wanted to follow up and make sure we were still on for tomorrow?  Can we make it 12:15 at Chucks BarBQue?  I have your numbers and will give you a call if we run into trouble.  Thanks.
PL

 -----Original Message-----
From: 	hendrix2@alumni.auburn.edu@ENRON [mailto:IMCEANOTES-hendrix2+40alumni+2Eauburn+2Eedu+40ENRON@ENRON.com]
Sent:	Thursday, August 23, 2001 3:58 PM
To:	Love, Phillip M.
Subject:	Re: funds

Phillip ... greetings from Auburn, where in 9 days the eagle will fly, the
stadium will rock and the tigers will welcome ball state to our newly named
"jungle."

WE have this week received the $12,500 matching money from Enron.

Also, can you email me your work number again. I think the dean of the vet
school wants to call and say thanks for setting up the scholarship.

I still have you on my calendar for a tour of the raptor center on Friday,
Oct. 12, the day before we (am I getting giddy here?) shock the number one
ranked gators.

sam


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/04/2000
11:10 AM ---------------------------

Scott Neal
08/30/2000 10:45 AM
To: Brad McKay/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Hunter S Shively/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron, Larry May/Corp/Enron@Enron,
Peter F Keavey/HOU/ECT@ECT
cc:
Subject: API and API Crude, Distillate & Unleaded Stocks Graphs

---------------------- Forwarded by Scott Neal/HOU/ECT on 08/30/2000 10:44 AM
---------------------------

John Griffith@ENRON
08/30/2000 09:45 AM
To: Scott Neal/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT
cc:
Subject: API and API Crude, Distillate & Unleaded Stocks Graphs

---------------------- Forwarded by John Griffith/Corp/Enron on 08/30/2000
10:30 AM ---------------------------

SOblander@carrfut.com on 08/29/2000 05:42:49 PM
To: soblander@carrfut.com
cc:

Subject: API and API Crude, Distillate & Unleaded Stocks Graphs

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2000 Carr Futures

The charts are now in the most recent version of Adobe Acrobat 4.0 and they
should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat
Reader 4.0 may be downloaded for FREE from www.adobe.com.

(See attached file: UnleadedStocks.pdf)(See attached file: CrudeStocks.pdf)
(See attached file: HeatingOilStocks.pdf)(See attached file:
PADDIIstocksCL.pdf)(See attached file: PADDIstocksHO.pdf)(See attached
file: PADDIstocksHU.pdf)(See attached file: API.pdf)
 - UnleadedStocks.pdf
 - CrudeStocks.pdf
 - HeatingOilStocks.pdf
 - PADDIIstocksCL.pdf
 - PADDIstocksHO.pdf
 - PADDIstocksHU.pdf
 - API.pdf


An old scam has surfaced recently with renewed vigor.  The Nigerian-419 fraud letter, so called because it violates section 419 of Nigerian law, is sent in many variations, by surface and airmail as well as by fax and email.  Generally the form it takes is to ask the unsuspecting victim to provide their bank account information in return for a promise to deposit a very large sum of money into that account under some pretext.

Employees should be advised that any information given will be used to further promote the scam through the emptying out of bank accounts, counterfeit and forged checks being written against the accounts, and for other illegal purposes.

If you receive what you believe to be one of these letters, forward it to Mike Hicks (Michael.Hicks@enron.com).  Corporate Security maintains a file on them, and works with the US Secret Service to reduce the number of letters received by our employees.

For more information on these letters, please email or call Mike at (713) 853-6198.


We need to finalize.  Legal opinion needs to come from Mark Haedicke (my
recollection is that he may not need the back up).  Have we requested the
guaranty?  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/20/2000
04:42 PM ---------------------------

"Charles O'Brien" <CHUCKO@statoil.com> on 04/20/2000 06:21:21 AM
To: sshackl@enron.com
cc:
Subject: ISDA documents

Sara,

     Any progress on getting a guaranty, legal opinion and a corrected
certificate of the secretary for me?  I will forward the executed master to
you with my attached docs once I receive these docs from you.

Thanks
Chuck


Dan,

Do we need to reference the payment for the meter in this document since
there will be no tax gross-up paid?


Prentice told me last night that you were very busy, so I took care of
making the reservation on Alaska Airlines and paying for the fare.  When you
get a chance, just send me the $545 minus my share of the rental car we
picked up at Burbank and anything else we might owe.  When are we going out
for a practice round?

-----Original Message-----
From:  Alaska Airlines [mailto:Alaska.IT@alaskaair.com]
Sent: Thursday, February 01, 2001 11:00 PM
To: eldon@interx.net
Subject: Confirmation Letter *-VPKQBE-*

Thank you for choosing Alaska Airlines / Horizon Air!
Questions?  This is an auto-generated email.  If you have any questions,
simply call 1-800-ALASKAAIR (1-800-252-7522) for Alaska Airlines, or
1-800-547-9308 for Horizon Air.
Confirmation Code: VPK QBE
Name                               Ticket Number  Base / Tax / Total

DASOVICH/JEFFREY MR            0272135010686  $470.00 / 75.05 / 545.05
Seats: 23C, 27B, 11D
SELLERS/PRENTICE MS            0272135010687  $470.00 / 75.05 / 545.05
Seats: 24C, 27C, 11F
ITINERARY
March 26, 2001
Alaska Airlines #262
Depart: San Francisco, CA at 8:00 AM
Arrive: Mazatlan, Mexico at 1:47 PM

April 01, 2001
Alaska Airlines #211
Depart: Mazatlan, Mexico at 2:27 PM
Arrive: Los Angeles, CA at 4:13 PM

April 01, 2001
Alaska Airlines #291
Depart: Los Angeles, CA at 7:34 PM
Arrive: San Francisco, CA at 8:48 PM

REMINDERS AND RESTRICTIONS
This electronic ticket is not transferable.  This ticket is valid for travel
on Alaska Airlines flights 1 - 799 and/or Horizon Air flights 2000 - 2999
and is non-refundable.  If you choose to change your itinerary, any fare
increases and a change fee will be collected at that time.
PAYMENT INFORMATION
A total of US$1090.10 was charged to the American Express xxxxxxxxxxx4003
held by ELDON SELLERS on 02/01/01.  This document is your receipt.
BAGGAGE
On Alaska Airlines there is a limit of two carry-on items per passenger
which includes purses, briefcases and laptop computers.  Each of these items
must measure less than 9" high, 14" wide and 22" long.  Please stow items
under the seat in front of you and save the shared overhead compartment for
smaller items.
AT THE AIRPORT
When you arrive at the airport, you may check in at an Instant Travel
Machine, the ticket counter or gate to receive your boarding pass.  Baggage
may be checked at the ticket counter, or, where available, via an Instant
Travel Machine or at curbside.  Please have this document or your
confirmation code available.  Check in at an Instant Travel Machine and we
will add 500 bonus miles to your Alaska Airlines' Mileage Plan account.
It's fast and easy!  For locations and to learn more visit
http://www2.alaskaair.com/it/IT.asp.

Reserved seats will be held for you until 20 minutes before departure time
(40 minutes for international flights).  To accommodate everyone wishing to
travel on your flight, you must be in your confirmed seat at least 10
minutes before scheduled departure (30 minutes for international flights).
This will ensure that your reservations are not canceled.
Picture identification, such as a drivers license or passport, is required
to board the aircraft.  For Canada and Mexico, proof of citizenship is
required.
CHANGE OF PLANS
We're available 24 hours a day to assist you; simply give us a call at
1-800-ALASKAAIR (1-800-252-7522) for Alaska Airlines or at 1-800-547-9308
for Horizon Air.  (If calling from Mexico, precede these telephone numbers
with 001.)  For all changes please refer to your confirmation code.
Refunds for qualifying tickets may be obtained by calling the appropriate
toll-free number listed above or by applying at any ticket counter location.
Please review U.S. Department of Transportation Consumer Notices regarding
your consumer rights and limitations of liability at:
http://www2.alaskaair.com/help/faqs/ConsumerNotices.asp or simply obtain a
copy when checking in.


I thought by now you would have offered to let me drive that new car.


Please decrease K65403 EU-164 by 1000 dth for 4/10 intraday.

Was 6700, now 5700 dth.

THANKS!
Kara


thanks buddy

 -----Original Message-----
From: 	"Lamadrid, Victor" <Victor.Lamadrid@ubswenergy.com>@ENRON
Sent:	Wednesday, May 15, 2002 6:14 PM
To:	Germany, Chris
Cc:	tcarter@sequentenergy.com; angiez_1@hotmail.com; mfleming1@marathonoil.com; tgwhitton@yahoo.com; beverly.b.beaty@williams.com; achokshi@firstcallassociates.com; slboudreaux@duke-energy.com; dsprudenti@aol.com; stevieg94@hotmail.com; kloocke@aol.com; joni.veselack@neg.pge.com; tricia.spence@aquila.com; Patton, Anita K.; Patton, Anita K.
Subject:	Chris's new little buddy!!

 Congrats to Chris Germany and Ingrid!!!! Hey Crissy and Ingrid, Congrats!!!!  THank God the baby looks more like Ingrid....

 http://hometown.aol.com/trogg522/myhomepage/index.html

Visit our energy trading website at http://www.ubswenergy.com or UBS Warburg's main website at http://www.ubswarburg.com

This message contains confidential information and is intended only for the individual named.  If you are not the named addressee you should not disseminate, distribute or copy this e-mail.  Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses.  The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission.  If verification is required please request a hard-copy version.  This message is provided for informational purposes and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Terry K. - Oncall

Date:		9/29/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


We have put together the following list of issues for the request for
rehearing of the FERC's November 15 order.  We would appreciate your input
about whether to pursue these issues and we will still have to decide who
will write up the various issues (Alan, Bracewell, WPTF, or EPSA).  Requests
for rehearing are due on January 14, 2001.

We oppose doing away with the opportunity cost standard under the soft cap
and not establishing a standard of reasonable profit
$150 cap too low (is there any point in raising this issue again?)
Benchmarks for forward contracts - The FERC should clarify that it will not
be applying this to anything other than Cal IOU contracts.
The FERC should clarify its statement that "to the extent the IOUs' resources
exceed their load at various times, they are free to sell any surplus at
wholesale, pursuant to their Commission-filed rates schedules."  A literal
interpretation of this sentence will limit liquidity in the market and
prohibit the IOUs from taking advantage of spreads between where their
generation and load is located.  We don't care about the IOUs trading options
but we are concerned about less liquidity.
Commission's findings concerning exercise of market power (and PUC's request
for protective order) - This issue is a placeholder pending input from
Richard Sanders and Robin Gibbs.
We oppose the 27-month refund period
We oppose allowing the state a role in governance (WPTF)
The FERC should not have rejected Dynegy & Reliant complaint concerning being
paid the cost of cover for exports


Here are some ideas for this coming  week.
?
Bobby
 - NEON Roaring 4.doc


maybe a drink after work...

Caroline Abramo@ENRON
03/23/2001 07:29 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: today

can i grab you for a few minutes after the close to update you on fund stuff.
also, if you do not have plans tonight.. jen fraser and i were thinking of
having a little bbq (i am staying with her).. your presence is requested!!
if not, we are up for a few drinks after work,...


RTO Week

Day 2 -- October 16, 2001

Congestion Management and Transmission Rights

The morning panel discussion was on congestion management.  The panelists were:  Nancy Brockway, Commissioner New Hampshire PSC; Reem Fahey, Edison Mission; Carol Guthrie, Chevron/Texaco; Shmuel Oren, University of California - Berkley and advises Texas PUC; Andy Ott, PJM; Michael Schnitzer, NorthBridge Group.

General Observations

The Commissioners were again all present (Wood left mid-morning to give testimony on Capitol Hill).  Today, however, FERC Staff was much more active in the discussion and the commissioners asked very few questions.  The topics are so interrelated that many of the same issues already discussed are being rehashed again.  This will probably continue for the rest of the week.  What I have found most encouraging so far has been the widespread support for some of the basic concepts, most notably the need for a real time energy market based using LMP.  Very few panelists have opposed this; at most, a couple of panelists have argued that the real time market should not be standardized -- basically conceding that PJM's system will be implemented in the Northeast but urging that it not be mandated everywhere else.

Locational Marginal Pricing

The panelists all agreed that LMP in the real time market is necessary (Schmuel Oren does not oppose it).  Most of the panelists think this needs to be standardized across RTOs.  Andy Ott says the seams will remain a problem and a barrier to trading if the real time market is not standardized.   Carol Guthrie does not favor standardization and urged FERC to not standardize the PJM system throughout the eastern interconnect.  She said FERC should try a couple of different systems and see what works.

FTRs versus Flowgates

The panelists agreed that transmission rights should be financial, not physical.  Schmuel conceded this point for the discussion but this may not be his preference - unclear.  Most of the panelists, including the PSC commissioner, prefer FTRs rather than flowgates.  Schmuel is a flowgate advocate.  After some discussion, the panelists agreed that FTRs and flowgates could work together, provided that the definition of flowgate is understood.  Andy Ott said flowgates could work with FTRs if the purpose of having flowgates is the same purpose of having hubs (liquidity, standard product), and if a flowgate is defined as a grouping of point-to-point rights, then FTRs and flowgates can coexist.  If a flowgate is a hub for transmission rights, it's okay.  However, if flowgate is defined as a physical boundary requiring scheduling, the two cannot coexist.  Schmuel seemed to agree with this premise, although this is not his preference.  He seems to prefer only flowgates without FTRs.   Brockway seems to prefer FTRs rather than flowgates for fear that flowgates will result in excess socialization of costs.

The panelists also agreed generally that revenues generated from FTRs or flowgates should be allocated to load, but the method of allocation was not agreed upon.

FERC staff asked the panelists to discuss commercially significant flowgates.  Many of the panelists discussed the problem with deciding what constitutes a commercially significant flowgate, and what happens when circumstances change over time, resulting in different flowgates being commercially significant.  Schmuel said you could use either a system that relies only on commercially significant flowgates or one that uses all flowgates, but if participants are willing to accept a system where they are not perfectly hedged, use of commercially significant flowgates is acceptable.

The panelists agreed that these financial rights (either FTRs or flowgates) should be tradable in the secondary market.  The panelists disagreed on which instrument -- FTRs or flowgates -- are more tradable.  Andy thinks FTRs are more tradable; Schmuel thinks flowgates are more tradable.

Options versus Obligations

The panelists discussed the benefits of having FTRs be options but also discussed the additional problems presented to the system operator if FTRs are only options and the FTR holder is not required to flow or pay if it does not flow.  Andy Ott said options will most likely result in fewer FTRs being allocated.  Schnitzer says the issue must be resolved up front.

The afternoon panel was on Transmission Planning and Expansion.  Steve Walton was a panelist and will be providing a summary of the discussion shortly.

Let me know if you have any questions.

Sarah


FYI.  Let's discuss.

Bill

 -----Original Message-----
From: 	Moran, Tom
Sent:	Monday, November 19, 2001 8:51 AM
To:	Bradford, William S.; Mcginnis, Stephanie
Subject:	Prepayment Request for Equiva - 11/21/01

Equiva is looking for a $1,588,860 pre-payment on Wednesday, 11/21 to cover an MTBE cargo in NYH.  They will not consider any open credit and since we have already pre-paid them for crude in December our argument is falling on deaf ears.

tm


I will send her a note right now.

Steve Pearlman@ENRON COMMUNICATIONS
04/30/2001 04:58 PM
To:	Scott Neal/HOU/ECT@ECT
cc:
Subject:	Need another reference

Scott,

Thanks for the help with Dave Duran.  He wants to offer me a job, and he sent me to talk to Louise Kitchen today, which I did.  She told me that she wanted to check my references.  I was wondering if you would be willing to drop her a note on me.  She would probably put a lot more stock in your view than in most of the other guys I have worked with in EI and EBS.  Thanks, I appreciate it.

Steve


<title>American Airlines Net SAAver</title>

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		Dear Theresa Staab,

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 Getaway Fares
email offer is valid for travel next weekend.

- Domestic Departure dates: November 30 - December 1, 2001.

- International Departure dates: November 29 - 30, 2001.

- Tickets must be purchased by Friday, November 23, 2001.

?

			IN THIS ISSUE

      					<map name="Map"> <area shape="rect" coords="1,3,230,17"
 href="#dom"> <area shape="rect" coords="1,18,230,33" href="#int">
       					<area shape="rect" coords="1,34,230,48" href="#3"> <area
 shape="rect" coords="1,49,230,63" href="#4">
        				<area shape="rect" coords="1,64,230,78" href="#5"> <area
 shape="rect" coords="1,79,230,93" href="#6">
      					</map>

      					Thanksgiving SAAle

						For last minute plans to go home or just get away for
 Thanksgiving, we have low web only sale fares still available but you
 must purchase your tickets by Wednesday, November 21, 2001. Check for
 these and other great Net SAAver fares at:

?

						www.aa.com/netsaaver

			DOMESTIC WEEKEND GETAWAY FARES

		TRAVEL DATES AND TIMES FOR WEEKEND GETAWAY FARES

		- Depart Friday, November 30, 2001 on or after 7:00pm or anytime on
  Saturday,
??December 1, 2001.

- Return anytime the following Monday, December 3, 2001 or
 Tuesday,

??December 4, 2001.

- Friday evening travel may not be available in all markets.

- Tickets must be purchased no later than this Friday, November
 23, 2001,

??11:59pm (CT).

- Fares shown are roundtrip.

					FROM:
					TO:
					PRICE:

					Abilene, TX (ABI)
					Dallas/Ft. Worth, TX (DFW) #
					$ 69

					Albuquerque, NM (ABQ)
					Chicago (O'Hare), IL  (ORD)
					$149

					Baltimore, MD (BWI)
					Dallas/Ft. Worth, TX (DFW)
					$149

					Boston, MA (BOS)
					Columbus, OH (CMH) #
					$119

         			 ?

					Boston, MA (BOS)
					San Francisco, CA (SFO)
					$229

					Chicago (O'Hare), IL (ORD)
					Albuquerque, NM (ABQ)
					$149

					Chicago (O'Hare), IL (ORD)
					Columbus, OH (CMH) #
					$ 79

					Chicago (O'Hare), IL (ORD)
					Phoenix, AZ (PHX)
					$169

         			 ?

					Chicago (O'Hare), IL (ORD)
					Reno, NV (RNO)
					$169

					Columbus, OH (CMH)
					Boston, MA (BOS) #
					$119

					Columbus, OH (CMH)
					Chicago (O'Hare), IL (ORD) #
					$ 79

					Dallas/Ft. Worth, TX (DFW)
					Abilene, TX (ABI) #
					$ 69

         			 ?

					Dallas/Ft. Worth, TX (DFW)
					Baltimore, MD (BWI)
					$149

					Dallas/Ft. Worth, TX (DFW)
					El Paso, TX (ELP)
					$119

					Dallas/Ft. Worth, TX (DFW)
					Jackson, MS (JAN) #
					$ 79

					Dallas/Ft. Worth, TX (DFW)
					Oakland, CA (OAK)
					$169

         			 ?

					Dallas/Ft. Worth, TX (DFW)
					Orange County, CA (SNA)
					$149

					Dallas/Ft. Worth, TX (DFW)
					Palm Springs, CA (PSP)
					$149

					Dallas/Ft. Worth, TX (DFW)
					Savannah, GA (SAV) #
					$129

					Dallas/Ft. Worth, TX (DFW)
					Springfield/Branson, MO (SGF) #
					$ 79

         			 ?

					Dallas/Ft. Worth, TX (DFW)
					Tampa, FL (TPA)
					$129

					Dallas/Ft. Worth, TX (DFW)
					Tulsa, OK (TUL) 	?					$ 69	?
?
 ?					Dallas/Ft. Worth, TX (DFW)	?					Waco, TX (ACT) #	?					$ 69	?
?
 ?					El Paso, TX (ELP)	?					Dallas/Ft. Worth, TX (DFW)	?					$119	?
?
 ?         			 ?	?
?
 ?					Fresno, CA (FAT)	?					Los Angeles, CA (LAX) #	?					$ 69	?
?
 ?					Jackson, MS (JAN)	?					Dallas/Ft. Worth, TX (DFW) #	?					$ 79	?
?
 ?					Kona, HI (KOA)	?					Los Angeles, CA (LAX)	?					$312	?
?
 ?					Los Angeles, CA (LAX)	?					Denver, CO (DEN)	?					$119	?
?
 ?         			 ?	?

 ?					Los Angeles, CA (LAX)	?					Fresno, CA (FAT) #	?					$ 69	?
?
 ?					Los Angeles, CA (LAX)	?					New York (Kennedy), NY (JFK)	?					$229	?
?
 ?					Los Angeles, CA (LAX)	?					San Jose, CA (SJC)	?					$ 79	?
?
 ?					Miami, FL (MIA)	?					Philadelphia, PA (PHL)	?					$149	?
?
 ?         			 ?	?

 ?					New York (Kennedy), NY (JFK)	?					Los Angeles, CA (LAX)	?					$229	?
?
 ?					New York (Kennedy), NY (JFK)	?					San Jose, CA (SJC)	?					$229	?
?
 ?					New York (LaGuardia), NY (LGA)	?					Portland, ME (PWM) #	?					$ 79	?
?
 ?					New York (LaGuardia), NY (LGA)	?					Tampa, FL (TPA)	?					$109	?
?
 ?         			 ?	?

 ?					Oakland, CA (OAK)	?					Dallas/Ft. Worth, TX (DFW)	?					$169	?
?
 ?					Orange County, CA (SNA)	?					Dallas/Ft. Worth, TX (DFW)	?					$149	?
?
 ?					Palm Springs, CA (PSP)	?					Dallas/Ft. Worth, TX (DFW)	?					$149	?
?
 ?					Philadelphia, PA (PHL)	?					Miami, FL (MIA)	?					$149	?
?
 ?         			 ?	?

 ?					Phoenix, AZ (PHX)	?					Chicago (O'Hare), IL (ORD)	?					$169	?
?
 ?					Portland, ME (PWM)	?					New York (LaGuardia), NY (LGA) #	?					$ 79	?
?
 ?					Reno, NV (RNO)	?					Chicago (O'Hare), IL (ORD)	?					$169	?
?
 ?					San Francisco, CA (SFO)	?					Boston, MA (BOS)	?					$229	?
?
 ?         			 ?	?

 ?					San Jose, CA (SJC)	?					Los Angeles, CA (LAX)	?					$ 79	?
?
 ?					San Jose, CA (SJC)	?					New York (Kennedy), NY (JFK)	?					$229	?
?
 ?					Savannah, GA (SAV)	?					Dallas/Ft. Worth, TX (DFW) #	?					$129	?
?
 ?					Springfield/Branson, MO (SGF)	?					Dallas/Ft. Worth, TX (DFW) #	?					$ 79	?
?
 ?         			 ?	?

 ?					Tampa, FL (TPA) 	?					Dallas/Ft. Worth, TX (DFW)	?					$129	?
?
 ?					Tampa, FL (TPA)	?					New York (LaGuardia), NY (LGA)	?					$109	?
?
 ?					Tulsa, OK (TUL)	?					Dallas/Ft. Worth, TX (DFW)
					$ 69

					Waco, TX (ACT)
					Dallas/Ft. Worth, TX (DFW) #
					$ 69

         			 ?

			# American Eagle service

			 A portion of travel may be on American Eagle service??
?
??            HOW TO BOOK NET SAAVER FARES?
?            Net SAAver Fares are now available on the Web at AA.com.?
?            To book, login to AA.com with your AAdvantage number and? PIN by clicking: ?
?			www.aa.com/netsaaver?  ?            .?
?
	?
??	?	??	?
 ?		 ?			?			 ?			INTERNATIONAL WEEKEND GETAWAY FARES	?
?
 ?    	?		 ?		TRAVEL DATES AND TIMES FOR WEEKEND GETAWAY FARES
?
?		?			- Depart Thursday, November 29, 2001 or Friday, November 30, 2001.?
- Return anytime the following Monday, December 3, 2001 or? Tuesday,
??December 4, 2001.?
- Tickets must be purchased no later than this Friday, November? 23, 2001,?
??11:59pm (CT).?
- Fares shown are roundtrip.?

?		???
?
 ?					FROM:	?					TO:	?					PRICE:	?
?
 ?					 	?
?
 ?					Boston, MA (BOS)	?					London (Heathrow), UK (LHR)	?					$219	?
?
 ?					Boston, MA (BOS)	?					Paris De Gaulle, France (CDG)	?					$249	?
?
 ?					Boston, MA (BOS)	?					San Juan, PR (SJU)	?					$269	?
?
 ?					Chicago (O'Hare), IL (ORD)	?					London (Heathrow), UK (LHR)	?					$269	?
?
 ?         			 ?	?
?
 ?					Chicago (O'Hare), IL  (ORD)	?					Paris De Gaulle, France (CDG)	?					$329	?
?
 ?					Chicago (O'Hare), IL  (ORD)	?					San Juan, PR (SJU)	?					$289	?
?
 ?					Chicago (O'Hare), IL  (ORD)	?					Tokyo Narita, Japan (NRT)	?					$399	?
?
 ?					Dallas/Ft. Worth, TX  (DFW)	?					Belize City, Belize (BZE)	?					$259	?
?
 ?         			 ?	?
?
 ?					Dallas/Ft. Worth, TX  (DFW)	?					Caracas, Venezuela (CCS)	?					$369	?
?
 ?					Dallas/Ft. Worth, TX  (DFW)	?					Los Cabos, Mexico (SJD)	?					$349	?
?
 ?					Dallas/Ft. Worth, TX  (DFW)	?					Paris De Gaulle, France (CDG)	?					$349	?
?
 ?					Fort Lauderdale, FL (FLL)	?					Nassau, Bahamas (NAS) #	?					$ 59	?
?
 ?         			 ?	?
?
 ?					Los Angeles, CA (LAX)	?				London (Heathrow), UK (LHR)	?					$309	?
?
 ?					Miami, FL  (MIA)	?					Barranquilla, Colombia (BAQ)	?					$289	?
?
 ?					Miami, FL  (MIA)	?					Cancun, Mexico (CUN)	?					$229	?
?
 ?					Miami, FL  (MIA)	?					Curacao, Netherlands AN (CUR)	?					$189	?
?
 ?         			 ?	?
?
 ?					Miami, FL  (MIA)	?					George Town, Bahamas (GGT) #	?					$ 79	?
?
 ?					Miami, FL  (MIA)	?					La Romana, Dominican Republic  (LRM)	?					$149	?
?
 ?					Miami, FL  (MIA)	?					Marsh Harbour, Bahamas (MHH) #	?					$ 79	?
?
 ?					Miami, FL  (MIA)	?					Mexico City, Mexico (MEX)	?					$189	?
?
 ?         			 ?	?
?
 ?					Miami, FL  (MIA)	?					Montego Bay, Jamaica (MBJ)	?					$189	?
?
 ?					Miami, FL  (MIA)	?					Nassau, Bahamas (NAS)
					$ 59

					Miami, FL  (MIA)
					Panama City, Panama (PTY)
					$299

					Miami, FL  (MIA)
					Port of Spain, Trinidad (POS)
					$259

         			 ?

					Miami, FL  (MIA)
					San Jose, Costa Rica (SJO)
					$249

					Miami, FL  (MIA)
					St. Croix, USVI (STX)
					$189

					Miami, FL  (MIA)
					St. Thomas, USVI (STT)
					$179

					New York (Kennedy), NY (JFK)
					London (Heathrow), UK (LHR)
					$219

         			 ?

					New York (Kennedy), NY (JFK)
					Paris De Gaulle, France (CDG)
					$249

					New York (Kennedy), NY (JFK)
					Port Au Prince, Haiti (PAP)
					$239

					New York (Kennedy), NY (JFK)
					Puerto Plata, Dominican Republic (POP)
					$239

					New York (Kennedy), NY (JFK)
					San Juan, PR  (SJU)
					$249

         			 ?

					New York (Kennedy), NY (JFK)
					Sao Paulo, Brazil (GRU)
					$519

					New York (Kennedy), NY (JFK)
					Zurich, Switzerland (ZRH)
					$219

					Newark, NJ (EWR)
					London (Heathrow), UK (LHR)
					$249

					Newark, NJ (EWR)
					San Juan, PR (SJU)
					$259

         			 ?

					Orlando, FL (MCO)
					San Juan, PR (SJU)
					$199

					Philadelphia, PA (PHL)
					San Juan, PR  (SJU)
					$259

					San Juan, PR  (SJU)
					Antigua, Antigua (ANU) #
					$ 79

					San Juan, PR  (SJU)
					Aruba, Aruba (AUA) 	?					$ 79	?
??
 ?         			 ?	?
?				?
 ?					San Juan, PR  (SJU)	?					Baltimore, MD (BWI)	?					$259	?
?
 ?					San Juan, PR  (SJU)	?					Grenada, Grenada (GND) #	?					$ 79	?
?
 ?					San Juan, PR  (SJU)	?					La Romana, Dominican Republic (LRM) #	?					$ 79	?
?
 ?					San Juan, PR  (SJU)	?					Mayaguez, Puerto Rico (MAZ) #	?					$ 79	?
?
 ?         			 ?	?
?
 ?					San Juan, PR  (SJU)	?					Miami, FL (MIA)	?					$169	?
?
 ?					San Juan, PR  (SJU)	?					New York (Kennedy), NY (JFK)	?					$249	?
?
 ?					San Juan, PR  (SJU)	?					Newark, NJ (EWR)	?					$259	?
?
 ?					San Juan, PR  (SJU)	?					Orlando, FL (MCO)	?					$199	?
?
 ?         			 ?	?
				?
 ?					San Juan, PR  (SJU)	?					Punta Cana, Dominican Republic (PUJ) #	?					$ 79	?
?
 ?					San Juan, PR  (SJU)	?					St. Kitts, Nevis (SKB) #	?					$ 79	?
?
 ?					San Juan, PR  (SJU)	?					St. Maarten, Netherlands AN (SXM)
					$ 99

					San Juan, PR  (SJU)
					Washington (Dulles), D.C., (IAD)
					$259

         			 ?

					Seattle, WA (SEA)
					Tokyo Narita, Japan (NRT)
					$399

					St. Thomas, USVI (STT)
					Miami, FL (MIA)
					$179

         			 ?

			# American Eagle service

			 A portion of travel may be on American Eagle service?
?
?            HOW TO BOOK NET SAAVER FARES?
?            Net SAAver Fares are now available on the Web at AA.com.?
?            To book, login to AA.com with your AAdvantage number and? PIN by clicking: ?
?			www.aa.com/netsaaver?  ?            .?
?
	?
?	?	??		?
 ?		?			?			?			AADVANTAGE NET SAAVER AWARDS	?
?
 ?    	?			Travel On 4,000 AAdvantage? Miles!?
?
?      		?			Award travel is closer than you think because now you can claim?   AAdvantage Net SAAver Awards for as low as 4,000 AAdvantage miles.?    With this award reduction, getting away with Net SAAver Awards?                      has never been easier!?
?
?       		See how far your miles can take you. Call AAdvantage today.?
?
?
$??69 destinations are just $39 plus ??4,000 miles?
$??79 destinations are just $39 plus ??7,000 miles?
$109 destinations are just $39 plus 13,000 miles?
$119 destinations are just $39 plus 13,000 miles?
$129 destinations are just $39 plus 13,000 miles?
$149 destinations are just $39 plus 13,000 miles?
$169 destinations are just $39 plus 16,000 miles??
?
Our AAdvantage Net SAAver Awards are a great way to use your? AAdvantage miles ?   to obtain a travel award for less mileage. To determine the mileage? required, ?   compare the fares in this week's Domestic Weekend Getaway list with? the chart above.??
AAdvantage Net SAAver Awards are valid for travel departing? November 30 - December 1, 2001 ?   for the markets listed above.??
AAdvantage Net SAAver Awards are not applicable to? First/Business Class, International or Transborder fares.??
To book your AAdvantage Net SAAver Award trip call AAdvantage? toll-free, 800-882-8880.?
?			?
		?
 ?		? 	?
?	??	?	?
 ?		?			?			?			OTHER VACATION PACKAGES	?
?
 ?    	?			AA Vacations?
?
?      		?
From American Airlines Vacations: Florida? Winter Specials
?
?4 days/3 nights from $115* per person, double occupancy at the Hyatt? Orlando
?This winter, Florida has more specials than ever.  Experience Fort? Lauderdale, the "Venice of America", or romp on the beaches in? vivacious Miami. Relax in laid-back Key West where the latitude is the? attitude, vacation in style amidst the old-elegance of Palm Beach or? set sail in Tampa, the city of the Gulf. Many hotels offering free? nights, reduced winter rates, free daily breakfast and more.  Florida? can offer you the vacation of your dreams.?
?
?			*Click below for complete details:?
?
??			www.aavacations.com/specials/mp_fla111501.asp?			?
?
 ?		?	?
?
 ?    	?			?			Fairmont Hotels & Resorts?			?
?
?			Wrap Yourself in Arizona's Southwestern Splendor this Holiday? Season?
?
?			?			From now until January 3, 2002, The Fairmont Scottsdale Princess is? a bustle of holiday activity with The Sonoran Celebration Holiday? Package.  Starting from $259* in November and early December, enjoy a? Fairmont room, breakfast for two and a 10% discount and complimentary? gift wrapping for purchases from the resort's five shops.  Each stay is? eligible to earn 500 AAdvantage miles.  For more information or? reservations, call 1-800-441-1414 or visit: ?
?
?			?			www.fairmont.com/netsaaver??			?
		?
 ?		?	?
???
 ?    	?			?			Westin, Sheraton, Four Points by Sheraton, St. Regis, The Luxury? Collection and W Hotels.?			?
?
?			From sea to shining sea, with over 300 unique destinations, we've? got you covered.  See America with Starwood Hotels & Resorts.  Stay at? Westin, Sheraton, Four Points by Sheraton, St. Regis, The Luxury? Collection and W Hotels and take advantage of $49 to $179 weekend rates? (Thurs-Sun) and savings of up to 40% on weekday rates (Mon-Wed) from? now until January 27, 2002.  To take advantage of these and other? special rates call 1 877-782-0114 and mention promotion code GOUSAADV? or book at: ?
?
?			?			www.starwood.com/saaa4??			?
			?
 ?		?	?
?
 ?    	?			?			Hertz?
?
?			?

Last Minute Specials!  It's your? country.  See it.
?
?			Save on last-minute travel at your favorite airport destinations in? the U.S. and Canada.  Here are just a few of the many Last Minute? Specials - book by noon 11/26 (ET) and pick up before 12/10/01:?
?
?					Chicago, IL	?					(ORD)	?					?Compact	?					??$15.99 Wknd Day	?
?
?					Dallas, TX	?					(DFW)	?					?Compact	?					??$14.99 Wknd Day	?
?
?					Los Angeles, CA	?					(LAX)	?					?Compact	?					??$17.99 Wknd Day	?
?
?					Philadelphia, PA	?					(PHL)	?					?Compact	?					??$16.99 Wknd Day	?
?
?					Seattle, WA	?					(SEA)	?					?Compact	?					??$15.99 Wknd Day	?
?
			?
?
??			For additional cities and complete details, click below:?
?
?			?			www2.hertz.com??			?
?
 ?		?	?
???	?
 ?		?			?			?			?			ADDITIONAL RULES AND RESTRICTIONS	?
?
 ?		?			?			AA WEEKEND GETAWAY FARES RESTRICTIONS:?
?			?Fares shown do not include (i) up to a $2.75 USD federal excise?tax, which will be imposed on each flight segment of your?itinerary, (ii) local airport charges of up to $18, if applicable,?and, (iii) Canadian taxes of up to $22, if applicable. International ?fares are subject to government approval. Government taxes and fees of ?up to $108 USD, varying by destination, are not included and may vary ?slightly depending on currency exchange rates at the time of purchase.?Tickets are nonrefundable and must be purchased at the time the?reservation is made.  Prior to departure, changes to your ticket may?be made if you pay up to a $100 USD change fee and meet the? restrictions?applicable to the new fare.  Seats are limited. Fares may not be?available on all flights and are subject to change without notice.?All or a portion of your travel may be on American Eagle,?American's regional airline associate. Other restrictions?apply, click on one of the links below, or go to or go to ??			www.aa.com/netsaaver?  ?			 for more? information. ?
?
?			www.aa.com/domnsrules?
?			www.aa.com/intlnsrules?  ?
?
?			Net SAAver Fares is a trademark and American Airlines and American? Eagle are registered trademarks of American Airlines, Inc.	?
?	????	?
 ?		?	?
?
 ?	     ?			?			?			?			SUBSCRIBE/UNSUBSCRIBE INSTRUCTIONS?			?
?
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?This is a post only email. Please do not reply to this message. ?For all inquiries, go to www.aa.com/contactaa or send an email to? webmaster@im.aa.com??	  ?	   ?			?
?			?
??  ?
??
Message-Id:? <20011120003945.E605.1568539-13709@info.aa.com>
???????


Attached is EPSC Invoice.  Please review the invoice for accuracy and call me if you should have any questions or corrections at 37274.


---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/10/2000
09:23 AM ---------------------------

	Enron North America Corp.

	From:  Greg Piper @ ENRON                           07/07/2000 06:49 PM

To: Mike McConnell/HOU/ECT@ECT
cc: Jeffrey McMahon/HOU/ECT@ECT, Greg Whalley
Subject: Re: ClickPaper.com

First, thanks for jumping in on this.  I am confident we can get it done even
though it will be a fire drill.

We had a control or process matrix meeting today and it is all there, it was
just being held or managed in four places.  It will all  be pulled together
by Monday in one place (one complete document) and will have about 15 major
categories with specific tasks under each category with status, person
responsible, comments and date to be completed.  It will also have a complete
timeline. We can review that Monday and agree on its content.  Louise agreed
to review it as well.

As it relates to the people you mentioned, let me know how and/or who you
want to pull in after we agree on the control document.  That way we will
know which areas I have holes and how we can fill them.

Salley Beck called (she mentioned you had called her as well) and we agreed
that the ClickPaper's back office representative would officially be Scott
Earnest (he has been unofficially it for months and we have been working with
him for months).  She is going to get in place people to be our Product
Control Group for CP launch on July 24th.  Scott and Salley will work to
source it so that we have 3 or 4 people trained and ready on the 24th to
receive password applications, create customer profiles on ClickPaper and
start the applications through credit, legal and tax and finally get out user
IDs to clients.  We will leverage off the EOL process but not use their
people unless there is some emergency.  Remember, we are only setting up
people for paper so the process is somewhat simplified.

We also have a help desk person starting next week.  I don't have his name
yet, but we have him and one more on the way.  We will create for them a
brief manual and train them on the system as fast as we can.

I did have a good meeting with Louise and Dave.  We walked inch by inch
through getting a user ID and password to getting a trade done.  We have a
few holes, but it is not that far away.  She is going to think about a
process document for this and get back to me Monday.  I have a detailed EOL
one and we will give it our shot this weekend.

Let me know what Mark Palmer says.  He knows we have been using Margaret.  We
will sit down with Margaret again on Monday and detail for her the PR plan
and what she needs to do.  We still plan to go out with a fairly inclusive
mailing ( a letter) that does not include temporary IDs/passwords.  We will
tell them that the launch is coming and as special customers, we want to use
this time to get them pre-registered.  Besides, there is no way to test a
1000 temporary IDs anyway.  We will send those out later.  as I said earlier,
the goal is to replace the splash screen with the unsecure area (or garden as
Lousie would call it) by next for Friday or the following Monday. That way
people can surf the content and get registered.

On legal, I have been using Travis McCullough for at least four months and we
had a detailed discussion today about the contracts, what is needed and the
deadline. There is legal work left to do ( the current draft of the password
application doesn't work), but if Taylor can help, that would be great.  We
will get our commercial comments back to Travis by Monday.

I have a meeting Monday with Bill Bradford and Ted Murphy (with Bob Crane and
Hal as well) to discuss the issue of a manual interface and the control
issues associated with it.  Credit is fine, we have been working with
Bradford for months, but Murphy needs to understand the issues with manual
posting. I will also make sure they check with Rick Buy on his approval and
views.

The entire ENA Paper group has the link to our site and we will have all
their comments by the end of next week. They will also be given the complete
Net Works and ClickPaper story on Thursday at their offsite and are ready to
help the roll out.  We also have them scheduled to come in Saturday, July
22nd for the final testing of the system.

Remember, the 24th is a one (Enron)-to-many launch with a financial market
only.  ClickPaper is not the counterparty in the trade section, Enron is so
it is simply a new distribution channel for Enron's existing financial
offering.  Later, we will build it out for physical (probably sooner rather
than later).  Finally, I will incorporate the EOL link or transaction loop
but Louise said today that is October or November.  It will only be
many-to-many if someone comes in and makes a compelling case ($$$) to do so.

Thanks.

See you tomorrow.

GP

To: Greg Piper/Corp/Enron@Enron
cc:
Subject: ClickPaper.com

Greg,  a couple of other thoughts and ideas for Monday's meeting.

I would like to discuss the entire process chain as part of the timelines,
personnel responsibilities and key action items.  I think this is another
good way to find any potential gaps and help prioritize various items and
assignments.
Andrew Parsons Sr. Director (and superior performer) is a great and very
smart guy that can add a lot of value to the effort.  You will like him and
he will be a very valuable resource to add to the team - even if it is for a
couple of weeks.  He wrote the IT compliance process chain and could reverse
engineer difficult parts that are unique to the Ariba platform.  He has
others on his team that could help and I've asked him to think about his
existing AA resources that are available (some are working on ClickPaper
already).
Other resources that have been identified to potential added firepower in the
short run:  Beth Pearlman, John Tollefson (IT), Bob Schultz (LK said she
could spare him without delaying phase 2 roll out), Dave Forester (not a good
option because it would definitely set back phase 2 roll out), Mary
Solmenson, Scott Mills, Berry Pearce, David Port, David Sweeny, Sally Beck
(advice and discuss additional resources).
I did ask Louise to jump in (and i know you did too) to help on some quick
thoughts on process and lessons learned.
I saw the process maps for EOL and I think they, or the simplified early
versions, are very important and key to a successful launch for ClickPaper.
I went by to see Mark Palmer (he was out) and left him a voice mail on the
marketing effort and what Margarat Allen is doing.  I wanted him to make sure
that he understood the importance and priority of this effort.
I also talked with Beth Pearlman about helping out (or assigning John
Tollefson) and I told her that we would be talking about this on Monday
afternoon.
Do we need to have Alan Aronowitz or Mark Taylor look over the agreements to
add a trading perspective?

A few thoughts,  see you tomorrow.

mike


---------------------- Forwarded by Steven J Kean/HOU/EES on 09/06/99 02:06
PM ---------------------------

EIS Billing@ENRON
09/03/99 02:43 PM

To:	Steven J Kean/HOU/EES@EES
cc:

Subject:	Monthly Billing - Detail Class 845 / s100061.xls

SAP Impact:
File names have changed from "b" + company + rc for MSA booking to "s" + cost
center for SAP.  Other changes have also been implemented.  Please send a
Notes mail to "Bill Myers" if you notice any problems, particularly if you
think that they might be conversion or program related.  (I already know
about the company description for the MSA spreadsheets where companies are
rebooked to themselves).

Attached  are spreadsheets with the detail supporting the expenses for
telephones, data ports, EDI, Enterprise LAN, Enterprise Help Desk, video
conferencing, Internet access, email, and other services provided to Enron
business units by Enron Information Services.  These expenses are posted in
MSA Detail Class 845.

EIS billings for items attached to the room, such as phones and data ports,
and people specific services for contractors, such as LAN ID's and AT&T
calling cards, are billed to the same company and cost center as room rent in
EB or 3AC.  For Omaha, EIS uses a phone database maintained by Tammy Anderson
for this purpose.

People specific services for employees are billed to the company and cost
center corresponding to the employee's HR company and department. Video
conference usage, data circuits, Ardmore usage, EDI, and web site billings
are based on a company and cost center furnished by the person requesting the
service.

EIS bills services on a one month lag.  We take a snapshot of the Corporate
Administrative Services rent file for each room in EB and 3AC, of the Omaha
phone database for each room in Omaha, and of the HR company and department
for each employee.  This snapshot is taken at the end of each month for use
as a source for billing information.

Please examine these billings for accuracy.  If our billings are incorrect,
generally speaking either the rent should be corrected by contacting
Corporate Administrative Services or the person should be moved to the
correct HR department by contacting your HR representative.  If the room
number is incorrect on the phone or long distance billings, this may be
corrected by sending the room number along with the telephone number to Notes
Mail ID "Move-Team".

If you wish to move EIS charges after to a different company and/or
department after billings have been processed or if you wish to discuss an
alternative to using your HR department for people specific billings, please
send a message to Notes Mail ID "EIS Billing".


I have sent Janet Covington the participant list as requested per her e-mail
below.  She has agreed to set up the conference call for Thursday, May 3rd at
3 PM central time.  Please reserve this time.  I will forward each of you the
spreadsheet we receive from them today.  I will let you know if I think we
should get together to review the spreadsheet prior to the call.

Thanks,

Wanda Curry
---------------------- Forwarded by Wanda Curry/HOU/EES on 05/02/2001 09:58
AM ---------------------------

Diann Huddleson
05/02/2001 08:01 AM
To: Wanda Curry/HOU/EES@EES
cc:
Subject: Follow up conference call

Wanda, I spoke with Janet after you forwarded her voice mail.  I told her we
would provide the participant list this morning.  Let me know if you want me
to do that.

---------------------- Forwarded by Diann Huddleson/HOU/EES on 05/02/2001
08:00 AM ---------------------------

Janet.Covington@sce.com on 05/01/2001 03:46:06 PM
To: dhuddles@enron.com
cc:
Subject: Follow up conference call

Hi Diann,

I just left a phone message for Wanda as I didn't have her email and was
supposed to coordinate the follow up call with her.  Anyway, we are still
working on preparing the account examples demonstrating the change in
methodology and should have those to you by tomorrow.  In the meantime, I
wanted to go ahead and arrange the follow up call for this Thursday 5/3 at
1pm PST.  That would be 3pm your time.  Can you please let me know the
email addresses for your participants so I can get a notice out to them.

I had yourself, Wanda Curry, Evan Hughes, Jeff Dodson, Bob Williams, Jim
Doth, and Martin Curtilan?  Not sure of the spelling.  Please let me know
so I can send out the meeting notice out with the call in details.

Thanks Much.

Janet L. Covington
Account Manager
ESP/AMS Services Division
SSID Administration Bldg., First Floor
7300 Fenwick Lane
Westminster, CA  92683
Phone: 714-895-0198 (54198)
Fax: 714-895-0347 (54347)
covingjl@sce.com


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THE GOOD OIL

Oil-industry consolidation continues, as PHILLIPS PETROLEUM and CONOCO
announced a $15 billion all-share merger. The new company, to be called
ConocoPhillips, is likely to be the sixth-biggest producer in the
world, based on revenues.

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NORMANDY MINING, of Australia, wooed by rival bids from America's
NEWMONT MINING and South Africa's ANGLOGOLD, rejected AngloGold's
all-share bid. This paves the way for a possible sweetened
counter-offer from AngloGold, the world's second-largest gold producer.

ENRON'S financial turmoil worsened. But the Texan energy giant managed
to put off repayment of some debts until mid-December. Enron's shares
plunged to ten-year lows, casting greater doubt over its plans to be
taken over in a rescue bid by smaller rival DYNEGY.

Three EUROPEAN STEEL MAKERS, Aceralia, Arbed and Usinor, patched up
differences that had threatened their plans to merge, by agreeing to
reduce Usinor's stake in the combined entity. The new company will be
the world's biggest steel maker.

OPTIMISM AT LAST

The DOW JONES INDUSTRIAL AVERAGE has climbed by nearly 20% above its
lows on September 21st, leading some optimists to announce the
emergence of a new bull market. The index came within 23 points of the
10,000 mark before falling back.

- - - - - See article: Messages of hope?
http://TheEconomist.s.maildart.net/link_34884_6659355_1_79944192_60299072_1_6e

Brand names got a boost in Europe. The European Court of Justice handed
a victory to jeans maker LEVI STRAUSS when it ruled that sales of
so-called "parallel imports" from outside the European Union's
jurisdiction were allowed only with the consent of the trademark owner.
The decision ends Levi's three-year battle with Tesco, a British
supermarket chain, that sold cut-price Levi's jeans imported from the
United States.

- - - - - See article: Trouser suit
http://TheEconomist.s.maildart.net/link_34883_6659355_1_79944192_60299072_1_6d

American INDUSTRIAL PRODUCTION fell for the 13th straight month, the
longest continuous decline since the second world war. Other indicators
were more optimistic: the Conference Board's index of leading
indicators rose by 0.3% in October, raising hopes that the widely
expected recession might not last long.

- - - - - See article: Hey, big spender
http://TheEconomist.s.maildart.net/link_34887_6659355_1_79944192_60299072_1_71

SCHMIDTBANK, a 170-year-old family-owned German bank, was rescued from
some decidedly modern investments by a consortium of bigger peers,
including Deutsche Bank, HVB Group, Commerzbank and Dresdner Bank.
Schmidtbank has racked up losses from Consors, an online broker, as
well as from bad loans to Germany's MITTELSTAND companies.

FRENCH CONNECTIONS

Shares in BULL, the troubled French computer company, shot up when its
chairman, Guy de Panafieu, resigned. The French government pledged
EURO100m ($88m) to the company, though the European Commission, which
is strongly opposed to state subsidies, may yet raise objections to the
plan.

The chief of BARCLAYS' French operations was questioned by magistrates
in Paris as part of an investigation into alleged money laundering
between France and Israel. Other banks under scrutiny include BRED, and
Societe Marseillaise de Credit, owned by HSBC.

The European Commission levied a EURO855m ($750) fine, the largest in
its history, against ROCHE and BASF, and six other companies, for
price-fixing in the market for vitamins. Two years ago, both companies
were fined by antitrust regulators in America, and a Roche executive
was jailed for four months.

PERCY BARNEVIK, the Swedish businessman who more or less created ABB,
the Swiss-Swedish engineering giant, is to step down as non-executive
chairman. Mr Barnevik said his departure would give the company's new
management team a clear mandate of their own.

LOVE BOATS

ROYAL CARIBBEAN CRUISES and P&O PRINCESS CRUISES, respectively the
world's second- and third-largest cruise lines, agreed to merge in a
bid to ride out the global economic storm. The deal may frustrate the
ambitions of CARNIVAL CRUISE LINES, the industry leader, which has made
previous overtures to P&O Princess in a failed attempt to expand
its European operations.

- - - - - See article: Rough seas ahead
http://TheEconomist.s.maildart.net/link_34886_6659355_1_79944192_60299072_1_70

KPN, the Dutch telecoms company, said it would issue EURO5 billion
($4.4 billion ) in shares at a 50% discount to the current price, to
help it reduce a massive debt load acquired to purchase
third-generation mobile-phone licences.

A slump in demand has cost jobs at ALCOA, the world's largest aluminium
producer, which announced plans to sack 6,500 workers around the world.
The company is forecasting a 4.7% drop in aluminium demand this year,
the worst in 20 years.

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Spoke with Sheetal and she had a similar question.  We are putting our deals
in TDS.  We do not have paper tickets.  I understand there is a meeting
scheduled for the end of the week to discuss this issue.
PL


Please see the attached memo.

Sue Nord, Sr. Director
Government Affairs
713 345-4196


I spoke with Mary Mervene this morning and the llenders declined to convene
this week although we will arrange an ECA call for Thursday or Friday.  Mary
has requested that we do the following:

1) Send the Lenders and S&W the new budget info and the revised change order
summary.

2) Revise the model to reflect the new costs and the new timeline.

3) S&W will review the model and then we will repeat the exercise of
calculating fuel oil and Furnas penalty exposures.

4) Finalize sponsor support elements.

This can all occur fairly quickly except I am concerned because we have not
resolved the budget with Shell,  and theoretically the lenders can take 30
days to review the model and budget when submitted.

We also need to discuss strategy because we may want to delete the
contingency from the budget since the lenders are going to want the sponsors
to commit to some general contingency supporty anyway.


John does not want to do that in this memo.  He is leaving that to a
Houston-originated memo on EBS in Asia and Europe (we have someone for EBS
here now, and are hiring for Singapore, in addition to what is being done
today in Tokyo).  thanks   mcs

Joseph P Hirl@ENRON
10/04/2001 08:29
To: Mark Schroeder/LON/ECT@ECT
cc: Eric Shaw/LON/ECT@ECT, John Sherriff/LON/ECT@ECT, Michael R
Brown/LON/ECT@ECT, Richard Shapiro/NA/Enron@ENRON, Steven J
Kean/NA/Enron@ENRON

Subject: Re: Enron Europe Governtal & Regulatory Affairs Organization
Announcement

Mark,

How do you want to describe the coordination and oversight of EBS reg affairs
resources in Japan and Asia?

Joe

Joseph P. Hirl
Enron Japan Corp.
81 3 5219 4500
81 3 5219 4510 (Fax)
www.enron.co.jp

	Mark Schroeder@ECT
	04/10/2001 03:54 PM

		 To: John Sherriff/LON/ECT@ECT
		 cc: Eric Shaw/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Joseph P
Hirl/AP/ENRON@ENRON
		 Subject: Re: Enron Europe Governtal & Regulatory Affairs Organization
Announcement

1  I have left voice messages for Alfredo, Paul Dawson, and Paul Hennemeyer
(but have not heard back from any of the three), and have spoken to Peter
Styles and Doug Wodd, so we can go with whatever is agreed.

2  I have made a change as we discussed about geographic responsibility,
given my conversation with you that I think it is a bit misleading to only
show these people (in many areas) being responsible for "Power", when in fact
they are responsible for "Gas", too.  Doug is really responsible for gas as
an adjunct to their local efforts, as well as a change to indicate, also as
we discussed, that these responsibilites are flexible, in response to
changing commercial priorities, as well as the need to support the other
Wholesale businesses.

mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 10/04/2001
07:45 ---------------------------

Richard Lewis
09/04/2001 19:17
To: John Sherriff/LON/ECT@ECT
cc: Eric Shaw/LON/ECT@ECT, Joseph P Hirl/AP/ENRON@ENRON, Richard
Shapiro/NA/Enron@Enron, Michael R Brown/LON/ECT@ECT, Mark
Schroeder/LON/ECT@ECT

Subject: Re: Enron Europe Governtal & Regulatory Affairs Organization
Announcement

Paul Dawson covers the coal group as well (any others, Mark?) .  Perhaps
these areas should be added.

Richard

John Sherriff
09/04/2001 18:40
To: Eric Shaw/LON/ECT@ECT, Richard Lewis/LON/ECT, Joseph P
Hirl/AP/ENRON@ENRON, Richard Shapiro/NA/Enron@Enron, Michael R Brown/LON/ECT
cc:

Subject: Enron Europe Governtal & Regulatory Affairs Organization Announcement

Richard Lewis, Eric Shaw, Joe Hirl, Rick Shapiro, Michael Brown

Please review the attached draft org annoucement and send me your comments.
Mark - please let me know once
we have spoken to the five senior managers in your group as we do not want to
send this out until either you, Michael or
I have spoken to them about this structure.

Draft

After nearly five years in London, Mark Schroeder will be returning to the US
on April 11th to join the North American Coal Business with responsibility
for origination in the utility sector.  Under Mark,s leadership, his team has
made significant contributions towards Enron Europe,s &first mover8 advantage
and its status as the leading new entrant in the liberalizing pan)European
energy markets.  We wish him well in his new commercial role.

With Mark,s departure, the day-to-day management of the Government &
Regulatory Affairs Department in Europe will rest with Peter Styles, Paul
Dawson, Paul Hennemeyer, and Doug Wood.  Nick O,Day will continue in his
current leadership capacity in Japan.  Each of these five individuals and
their groups will now jointly report to the business heads and to Rick
Shapiro, in the Government Affairs team in Houston. Rick Shapiro will
continue to manage Government Affairs for the Americas.  While the team
members responsibilities will vary from time-to-time in response to shifting
commercial priorities, as well as the need to support other Enron Wholesale
Services' business units from time-to-time, the general areas of
responsibility will be as follows:

Peter Styles, based in Brussels, will continue to have responsibilty for our
EU and Netherlands advocacy.   Paul Hennemeyer will lead efforts in the
German speaking countries (Germany, Austria, Switzerland) as well as France
and Belgium.  Peter and Paul will report to Eric Shaw.  While secunded to the
commercial team in France, Philip Davies will address Nordic market issues on
an ad hoc basis and also report to Paul on these issues.

Paul Dawson will lead our UK, Spain and Italian power regulatory efforts as
well as the gas regulatory work in the UK.  Doug Wood will support the
Continental Gas team and the Central and Southeastern Europe Origination
efforts, while also addressing the UK Climate Change Levy.  Doug's role in
gas will continue to be to supplement, and not to supplant, the efforts of
each of the team members' geographic responsibilities noted on the
organisation chart.  Paul and Doug will report to Richard Lewis locally.

Nick O,Day will also continue to report to Joe Hirl in Japan.

Other regulatory support provided by Mark Schroder will be addressed in
another organizational announcement that will be sent
out from Governmental Affairs in Houston.  Attached is the revised
organization chart that now reflects the Governmental & Regulatory Affairs
organization in Enron Europe.

John Sherriff & Michael Brown


Executive Summary:
?	California Claims Victory Over Easing Power Prices
?	California's Budget doesn't Look Good for a Vote on Friday

Power Prices
Sources report that generator's acknowledge that the drop in power prices in California last week was due at least in part to the threat of price controls.  Generators and traders are reportedly increasingly unwilling to line up power inventory over the next few months, which sources believe is likely to lead to increased volatility.  While Governor Davis issued statements attributing easing power prices to his negotiating long-term contracts and made no note of increased hydrogenation in the northwest and lighter demand from cool weather in California.

California Budget has Friday Deadline
Sources indicate that the California legislature missing the June 15th budget deadline, which appears likely, may affect California's ability to secure future financing.  Coupled with poor macroeconomic indicators (such as increasing unemployment), the outlook for the state does not look good.  Sources report that the budget would have to go to print today in order for it to be printed for a vote on Friday.  While not going to print today does not mean that there will not be a vote Friday, sources are pessimistic that the legislature will agree on a budget by Friday. The Republicans are reportedly concerned that the 12.5 B in revenue bonds will not sell when they are issued.  The Republicans are asking for a $3-$5 B budget reserve as insurance against this possibility.  They want to achieve this by cutting the increases to programs (such as education, which was increased more than was mandated by law) while leaving base program amounts alone.  However, to date there has been failure to reach agreement among members over which programs to cut.


so are we still on for dinner or what?

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Wednesday, October 24, 2001 2:57 PM
To:	Lenhart, Matthew
Subject:	RE:

but you owe me a brand new bmw.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Wednesday, October 24, 2001 2:54 PM
To: erichardson@sarofim.com
Subject: RE:

b/c i want you to understand when i am out of money, but if you owe me
dinner and are out of money i cant understand.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Wednesday, October 24, 2001 2:50 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   how is there a double standard?

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Wednesday, October 24, 2001 2:45 PM
   To: erichardson@sarofim.com
   Subject: RE:

   there is a double standard here so i can't understand

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Wednesday, October 24, 2001 2:40 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      i do understand your situation, but you should understand mine too.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Wednesday, October 24, 2001 2:34 PM
      To: erichardson@sarofim.com
      Subject: RE:

      probably not.  i think you should understand my situation.

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Wednesday, October 24, 2001 2:26 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         how convenient.  actually, i don't really have any money either,
      maybe
         we
         should just call it even.  what do you think?

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Wednesday, October 24, 2001 2:16 PM
         To: erichardson@sarofim.com
         Subject: RE:

         yeah.  i had it picked out and everything.  i had to call the
   dealer
      and
         tell him i am not going to suprise you with it.  we can still go
   to
         dinner
         tomorrow night though.

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Wednesday, October 24, 2001 1:33 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            that's too bad.  so, does that mean i'm not getting my bmw from
      you
            anymore?

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Wednesday, October 24, 2001 12:33 PM
            To: erichardson@sarofim.com
            Subject: RE:

            our stock is taking a bath.

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Wednesday, October 24, 2001 12:20 PM
               To:     Lenhart, Matthew
               Subject:  RE:

                i was just about to email you.  why is it worthless?

               -----Original Message-----
               From: Matthew.Lenhart@enron.com
      [mailto:Matthew.Lenhart@enron.com]
               Sent: Wednesday, October 24, 2001 12:14 PM
               To: erichardson@sarofim.com
               Subject: RE:

               my 401k is now worthless.  i have no money.

                   -----Original Message-----
                  From:   Erin Richardson <erichardson@sarofim.com>@ENRON
                  Sent:   Thursday, October 18, 2001 2:28 PM
                  To:     Lenhart, Matthew
                  Subject:  RE:

                  how was portland

                  -----Original Message-----
                  From: Matthew.Lenhart@enron.com
         [mailto:Matthew.Lenhart@enron.com]
                  Sent: Thursday, October 18, 2001 12:49 PM
                  To: erichardson@sarofim.com
                  Subject: RE:

                  great.  good to hear.  i got back last night.

                      -----Original Message-----
                     From:   Erin Richardson <erichardson@sarofim.com>
   @ENRON
                     Sent:   Thursday, October 18, 2001 12:15 PM
                     To:     Lenhart, Matthew
                     Subject:  RE:

                     yeah, it was horrible, i didn't think i was going to
   be
      able
         to
               make
                  it.
                     when did you get back.

                     -----Original Message-----
                     From: Lenhart, Matthew
   [mailto:Matthew.Lenhart@ENRON.com]
                     Sent: Thursday, October 18, 2001 11:54 AM
                     To: erichardson@sarofim.com
                     Subject:

                     did you miss me while i was gone?

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

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


Flip:

This e-mail will confirm the site visit by your company at Gleason and
Wheatland.  The relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for Gleason and
Wheatland, handling all questions and responses.  Should you have any due
diligence questions or require copies of any oversized documents, please
contact me at 713.853.7998.

Regards,
Ben


you are the best!!!

 -----Original Message-----
From:  Dean, Clint
Sent: Friday, May 11, 2001 3:15 PM
To: Schultea, Adriane
Subject: Re: PEP-reviews

Yes ma'am.

From: Adriane Schultea/ENRON@enronXgate on 05/11/2001 03:06 PM
To: Clint Dean/Corp/Enron@Enron
cc:

Subject: PEP-reviews

So do you want to review this wonderful EOL Power Marketer?   I know you
do....


<<Exhibits to Gas Purchase Agreement(Clean).doc>>  <<Comparison of
Versions 5 to 6 (Exhibits to Gas Purchase Agreement).DOC>>

Attached please find clean and blacklined copies of the Enron South
America Facility Agreement Exhibits. The only change is the removal of
Exhibit U.

 - Exhibits to Gas Purchase Agreement(Clean).doc
 - Comparison of Versions 5 to 6 (Exhibits to Gas Purchase Agreement).DOC


Did you mean for your home number to be on the out of office message?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001 11:20
AM ---------------------------

Carlos Sole
03/30/2001 11:13 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Carlos Sole/NA/Enron is out of the office.

I will be out of the office starting  03/29/2001 and will not return until
04/09/2001.

My home number is 713-874-1244, but in the event of an emergency, please call
Kay Mann at 5-7566.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/10/2001
05:23 PM ---------------------------

Tanya Tamarchenko
01/10/2001 11:29 AM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo
Lew/NA/Enron@ENRON
cc: Rakesh Bharati/NA/Enron@Enron
Subject: Re: VaR doc overview

Everybody,
I am sending you 2 documents I got from Winston with System Design for VAR
and Credit models.

Tanya


No you big dork!  It was just Amy and I and it turned out not to be the
season premire.  We did have pizza though.  How was your work thing?  Are
you feeling any better?  I hope so.

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Friday, October 06, 2000 8:44 AM
To: Valerie Dewille
Subject: RE:

So how was your little "Friends" party last night?  Did you guys have punch
and cookies?


This is the Los Angeles Times article Mark has been working on...

California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more
than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse group
of wholesale electricity merchants than suggested by Gov. Gray Davis, who has
aggressively blamed a handful of Texas companies, state records show.
During the first three months of this year--one of the worst stretches of
power shortages during the crisis--an assortment of public and private
entities charged the state prices averaging well above some of those paid to
Texas firms, according to documents released to The Times on Monday by the
Department of Water Resources, which now buys power for California.
Among those setting and collecting some of the highest average prices per
megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas &
Electric's parent company, and the Los Angeles Department of Water and Power,
the report shows. Their average prices ranged from $498 a megawatt-hour
charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292
an hour by the DWP.
In fact, some of the biggest private power companies singled out for
criticism by Davis and other state officials--Dynegy Inc., Duke Energy and
Mirant--charged less than the average prices the state paid for the period.
Those companies' average prices ranged from $146 to $240 per megawatt-hour,
according to an analysis of the documents.
The figures cover the various types of spot and longer-term power purchased
by the state during three months that included rolling blackouts and more
than a month of razor-thin reserves, leading to continuous power emergencies.
Davis spokesman Steve Maviglio said the governor has directed his sharpest
barbs at private out-of-state generators because, in general, they have
reaped the highest profits over the longest period.
"You have to look at the whole picture," Maviglio said.
"The governor was expressing his displeasure with the arrogance of the
generators who wear cowboy hats," he said. "Their profits were 100% to 400%
above last year. . . . Just because there are other entities who are charging
us more [per megawatt-hour] doesn't change the fact that we are getting
ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."
The report by the Department of Water Resources was provided to The Times on
the same day the state released 1,700 pages of documents on California's
electricity purchases on the volatile spot market for the year's first
quarter.
The records detail how the state spent nearly $8 billion buying power in the
first five months of the year, and underscore the complexity of the state's
energy problem. They also show that patterns of high prices are not limited
to a few generators.
Oscar Hidalgo, a spokesman for the water resources agency, said that the
reports together show that prices were extremely volatile early in the year.
"All the prices were high," he said, noting the downward trend in costs since
his agency began buying power in mid-January.
The average price per megawatt-hour for all state purchases went from $316 in
January to $243 in May. Spot prices fell from an average of $321 per hour to
$271, the reports show.
In the first quarter of the year, some public entities' prices far exceeded
those of the biggest private companies. For example, Houston-based Enron, one
of the nation's biggest power traders, charged an average of $181 per
megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a
total of $706 million, charged an average of $225 per megawatt-hour.
By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a
megawatt-hour, and the Sacramento Municipal Utility District had average
charges of $330 per megawatt-hour.
A spokesman for Enron, Mark Palmer, said recently that the "vilification of
Enron was based on politics, not facts." Spokesmen for BC Hydro could not be
reached late Monday to comment on its huge sales to the state. In the past,
the utility has defended its pricing practices, saying it has offered
last-minute hydroelectric power that helped keep California's lights on.
A spokeswoman for Sempra, the parent company of San Diego Gas & Electric,
said late Monday the company was unable to comment because it had yet to see
the figures released by the state. Officials at DWP, who could not be reached
Monday evening, have defended their pricing, saying the costs of producing
the power needed by the state were extremely high.
More Power Bought Than Projected
Hidalgo, of the Department of Water Resources, said his agency's efforts,
coupled with conservation by business and consumers and falling natural gas
prices, have begun to tame the state's market.
Still, the state had to purchase $321 million in power in April and May,
about 10% more than Davis' analysts had projected.
Hidlago said that was because of hot weather in May and other supply problems
in April. He said reports will show that power purchases fell short of state
projections in June and early July.
The reports also will show that prices paid by the state were down in June
and July, partly because spot prices have fallen sharply, often to well under
$100 a megawatt-hour.
A summary Department of Water Resources report released Monday credited
Davis' program of nurturing new power generation and establishing long-term
power contracts with with "moving the California electric energy industry
closer to normalcy."

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


Louise-

Please accept my sincerest apology for the mistake of including the EA message in the last EnTouch. As you know, this electronic newsletter is to be a vehicle for information and Eric and I mistakenly thought this was news for all.  It will not happen again.

In addition, I am trying to find out why the Messaging Administration changed the EOL bullets into question marks. I intend to find out where the disconnect is between what I submit and later approve, and what is printed the next day.

I have told them that this should never happen.

Please let me know what else I can do to make our internal communications better.

Kathie


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
05:06 PM ---------------------------

Ashley Baxter@ENRON on 10/12/2000 10:08:05 AM
To: vkamins@enron.com, John Pavetto/Corp/Enron@Enron
cc: Diana Ovalle/Corp/Enron@ENRON, shirley.crenshaw@enron.com
Subject: Presentation for Cal Berkeley

Hello Vince and John,

I wanted to forward to you both the current presentations for campus.  We can
tweak these however we feel appropriate to match Cal Berkeley on Monday.  I
believe that we can probably expect about 30 - 50 students (based on interest
shown at the Career Fair).  These tend to be fairly informal.  I was thinking
that we could present in this order:

Vince  Gives the Enron overview presentation  (30 minutes)
John  Gives the Global Technology specific presentation (20 minutes)
 Ashley  Goes over recruiting information at the end (10 minutes)

Please take a look at each presentation and speaker notes to ensure that you
feel comfortable with the layout and content.  I am meeting with John today
at 1:30 - Vince if you would like to get together and discuss as well that
would be great.

If you have any questions, please don't hesitate to contact me. 3-3589
Thanks,
Ashley
Vince, here is a copy of the current Enron overview presentation.  There are
also speaker notes that go into great detail.

John, here is a copy of the current technology presentation for Carnegie
Mellon.  The only changes will be to the recruiting dates at the end.  There
are also speaker notes that go into greater detail.  --->


Michelle, I think if we leave this to the traders then the best decision may not be made at this point in time.  I think this situation needs to be decided by the company due to the impact it may have on bigger issues. Let me know if you agree.

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Tuesday, November  13, 2001 3:15 PM
To:	Melodick, Kim
Subject:	FW: ENA v. Miller

Please review and let me know what the traders want to do on this -- by Thursday would be good.  Michelle

 -----Original Message-----
From: 	"Linda Broocks" <lbroocks@ogwb.com>@ENRON
Sent:	Tuesday, October 30, 2001 2:28 PM
To:	Cash, Michelle
Cc:	Bill Ogden
Subject:	ENA v. Miller

Dear  Michelle:

    I  just finished my conference call with Liz Miller (counsel for Calpine),  Christina Solomon, and Steve Schuler (Steve is co-counsel for Miller with  Christina).  Christina had passed along to Liz the various points I made at  the meeting last week, so Liz was prepared to address our primary  concerns.  She made the following points:

         (1)    She has talked with several different people at various  levels of authority in Calpine's trading area, and insists that Calpine treats  the power grids as "completely different" regions, strategies for which are not  shared internally among those regions.

         (2)    She asserts that "how we do it at Calpine is totally  different from Enron," since Calpine is "trading around a portfolio of assets  that we own."  She asserted that Enron, not owning power generation assets,  trades differently.  When I replied that Enron does have power generation  assets, she acknowledged the fact but insisted that Enron's trading style is  vastly different due to the difference in emphasis vis a vis the power  generation assets.

         (3)    Liz claims that Miller works almost exclusively in  "Urcot" (sp??) in Texas, with some participation in Entergy in Louisiana.   According to Liz, Calpine's strategies concerning these specific regions is  divorced from and not related in any way with any trading Calpine does in the  East or West.

         (4)    Liz is of the opinion that Miller "is not senior enough  that we would be looking for what he knows."  He has no role whatsoever in  discussing or formulating strategy for trading.  Miller, she insists, is on  the receiving end only.  He takes orders, dispatching and scheduling  solely in response to orders he receives from others.

         (5)    Liz acknowledges that, were Miller in a more senior,  responsible position, she would have the same concerns we are expressing were  the tables turned.  Miller is "so slotted," however, that she believes that  he is not in a position to use any Enron trade secret that he might possess  (though she and Miller's attorneys expressed doubt that he could retain any  critical information, that the most critical information changes on a day-to-day  basis).

       We  ended the conversation with the following  understandings:

        (1)    Liz  will explore whether Calpine could put Miller in a non-trading function for a  period of two months or so.

                 --She hastened to add, however, that trading is the only area for which  they really have any use for Miller.  She then suggested that she could  explore putting him instead in the West ("I know Enron doesn't even have a  western desk here.").  I believe that any proposal she comes back  with will entail his continuing in some trading  function.

        (2)    Liz  will try to determine how Calpine might provide assurances (acceptable to  ENA) that Miller is "on the receiving end only," as she asserts, such that we  would be confident that he is indeed not in a position to use any trade  secrets he may remember.

                 --On this point, I was clear that I did not know either what level of assurance  ENA would require or whether this would even be a feasible  alternative.

         (3)    I am to explore with ENA whether this additional  information about Calpine's difference in trading strategy and the limitations  on Miller's duties alleviates ENA's concerns about protection of its trade  secrets.

                 --Liz seems to believe that if the business people really knew the information  she is giving to me, they would not be concerned about the activities of this  low level person.

     Liz has asked that we reconnect later this week to exchange answers to  these inquiries.  I look forward to discussing with you our  response.

     Thanks for your assistance.

Best  regards,
Linda  Broocks


We have received a notice dated 7/10/00 from Merrill Lynch International Bank
that it intends to transfer their FX business to Merrill Lynch International
Bank Ltd., a United Kingdom incorporated bank regulated by the SFA,
effective as of the fourth quarter of 2000.  We do have an ISDA Master
Agreement in place with Merrill Lynch International Bank.

I am sending a copy of the notice to Gary Hickerson & Tanya Rohauer (I am
also sending Tanya the financials of the new entity).  We will await Credit's
instructions as to how they would like to proceed after reviewing the
documentation.