OK by me.

From: John J Lavorato/ENRON@enronXgate@enronXgate on 04/30/2001 11:30 AM
Sent by: Kimberly Hillis/ENRON@enronXgate
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joannie
Williamson/Corp/Enron@ENRON, Cliff Baxter/ENRON@enronXgate, James A
Hughes/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON@enronXgate, Mark
Metts/Enron@EnronXGate, Stephanie Harris/ENRON@enronXgate, Maureen
McVicker/NA/Enron@Enron, Loretta Brelsford/ENRON@enronXgate, Dolores
Fisher/Enron@EnronXGate, Sherri Sera/Corp/Enron@ENRON, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON@enronXgate, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/ENRON@enronXgate,
Mark Frevert/ENRON@enronXgate, Nicki Daw/ENRON@enronXgate, Lucy
Marshall/Enron Communications@Enron Communications, Kathy
McMahon/NA/Enron@Enron, Jeremy Blachman/HOU/EES@EES, Philippe A
Bibi/ENRON@enronXgate, Raymond Bowen/ENRON@enronXgate, Michael R
Brown/LON/ECT@ECT, Harold G Buchanan/HOU/EES@EES, Rick Buy/ENRON@enronXgate,
Richard Causey/Corp/Enron@ENRON, David Cox/Enron Communications@Enron
Communications, David W Delainey/HOU/EES@EES, James Derrick/ENRON@enronXgate,
Steve Elliott/Enron Communications@Enron Communications, Andrew S
Fastow/ENRON@enronXgate, Ben Glisan/HOU/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Rod Hayslett/ENRON@enronXgate, Stanley
Horton/Corp/Enron@Enron, Louise Kitchen/HOU/ECT@ECT, Mark
Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Jeffrey McMahon/ENRON@enronXgate, Mark S
Muller/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken
Rice/Enron Communications@Enron Communications, Matthew
Scrimshaw/LON/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Jeffrey
Sherrick/ENRON@enronXgate, John Sherriff/LON/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT,
Thomas E White/HOU/EES@EES, G G Garcia/ENRON@enronXgate, Susan
Skarness/ENRON@enronXgate, Karen K Heathman/ENRON@enronXgate, Sharron
Westbrook/Corp/Enron@ENRON, Kay Chapman/HOU/EES@EES, Bridget
Maronge/ENRON@enronXgate, Inez Dauterive/HOU/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Tori L Wells/HOU/ECT@ECT, Cathy
Phillips/HOU/ECT@ECT, Sue Ford/ENRON@enronXgate, Karen Owens/HOU/EES@EES,
Dorothy Dalton/Enron Communications@Enron Communications, Mercedes
Estrada/Enron Communications@Enron Communications, Christina
Grow/ENRON@enronXgate, Lauren Urquhart/LON/ECT@ECT, Laura
Taylor/ENRON@enronxgate, Judy G Smith/HOU/EES@EES, Suzanne
Danz/Corp/Enron@ENRON, Peggy McCurley/ENRON@enronXgate, Marsha
Schiller/ENRON@enronXgate, Tammie Schoppe/HOU/ECT@ECT, Kimberly
Hillis/ENRON@enronXgate, Jennifer Burns/ENRON@enronXgate, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Leah
Rijo/Enron Communications@Enron Communications, Kathy
Campos/ENRON@enronXgate, Julie Armstrong/Corp/Enron@ENRON, Kelly
Johnson/Corp/Enron@ENRON, Rebecca Carter/Corp/Enron@ENRON
cc:

Subject: VP Candidate Greg Shea

I would like to pursue an offer to Mr. Shea prior to the next Executive
Committee meeting on May 7, 2001.  Please forward your comments or questions
by Tuesday, May 1, 2001 so that I can extend the offer by Wednesday, May 2,
2001.

You will find attached the recommendation letter and his resume.

Regards,

John Lavorato

Tammie Schoppe on behalf of John Lavorato.


FYI this is what Joe Hillings was asking for.
---------------------- Forwarded by Ricardo Charvel/NA/Enron on 02/18/2000
01:43 PM ---------------------------

Ricardo Charvel
02/18/2000 01:43 PM
To: Joe Hillings/Corp/Enron@ENRON
cc:
Subject: Re: Mexico-Secretary Richardson Is Leaving For A Mexico Meeting With
Minister Tellez Today-Need Talking Points ASAP

Joe,

I am sorry I missed your call.  Max and I had a conference call with Chris
Long on Monday in which we touched upon some of these points but I think that
it is important for us to insist in the following:

1 Regulate the pricing of infrastructure and services for true
undiscriminated open access. To enhance the possibility of having a
competitive natural gas markets through importing gas in northern Mexico it
is necessary to set a regulated price for the use of infrastructure which is
in hands of a monopoly or where there is no alternative..  Currently Pemex is
able to offer discounts in infrastructure (transport) and other services in a
way which effectively creates barriers of entry to any competitor even in the
marketing segment of the business.

2. Promote complete unbundling between Pemex affiliates in the gas business.
There has to be a true unbundling between Pemex Production (PEP) and Pemex
transport and marketing (PGPB).  Currently anyone that wants to buy gas has
to do so from the PEMEX marketer/transporter (PGPB) instead of being able to
buy gas from the producer, pay for the transport etc.  in a transparent way
and within real competitive circumstances.

3. Revise the 1996 natural gas pricing directive.  In this pricing formula
Pemex  fixed a differential that is subtracted from the Tetco-Valero Price.
This differential changes according with the conditions of the market.  The
conditions of the market have changed since 1996 making this fixed
differential a true barrier of entry for competition.  The differential
should be included as a variable that is subject to real market conditions.

In conclusion we could say that despite apparent changes in the natural gas
industry in Mexico, the truth is that there are many aspects within the way
in which Pemex operates that can be changed that would allow for true
competition.  There is still a lot of work to do in these matters.  We work
closely with the Mexican regulators in relation to these matters.

Best,

Ricardo Charvel
Director of Strategy
011-525-258-9933

P.S. Maybe Secretary Richardson could retake the subject o Hedging Mexican
oil by Enron and others in order to guarantee Mexico a stream of income that
otherwise might not be there if prices fall.


- bl554888.DOC
 - Bl554886.doc


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NFL Reports, Player Updates

Latest NFL Player News

James Stewart, RB DET - Hunter Updated 12/23/01
Stewart suffered a sprained ankle early in Sunday's game at Pittsburgh. He was replaced by Lamont Warren in the first quarter, and Stewart did not return.

Cameron Cleeland, TE NO - Free Agent Updated 12/23/01
Cleeland injured his Achilles tendon on Sunday. He is not expected to play again this season.

Ahman Green, RB GB - Hunter Updated 12/23/01
Green left Sunday's game in the fourth quarter with labored breathing. He was replaced by Dorsey Levens.

Todd Bouman, QB MIN - Free Agent Updated 12/23/01
Bouman was able to start Sunday's game, but he re-injured his thumb in the first quarter and was replaced by Spergon Wynn.

Wesley Walls, TE CAR - Free Agent Updated 12/23/01

Walls was able to play in Sunday's game despite an ankle injury, but he left the game before halftime after spraining his left knee.

Martin Gramatica, K TB - Free Agent Updated 12/23/01
Gramatica injured his hamstring in the fourth quarter on Sunday. He hurt himself on a PAT attempt, but Gramatica is expected to play on December 29.

Todd Bouman, QB MIN - Free Agent Updated 12/23/01

Bouman is now listed as probable for Sunday's game. He should be able to start against the Jaguars, but he may play with some pain in his thumb.

Jeff Graham, WR SD - Free Agent Updated 12/23/01
Graham probably won't play Sunday at Kansas City because of the death of his father in a car accident, coach Mike Riley said Friday. If Graham doesn't play, Trevor Gaylor will start in his place and Nate Turner will be signed off the practice squad. The Chargers are already missing their No. 3 receiver, Tim Dwight, due to complications of a collapsed lung.

Antowain Smith
, RB NE - JWillie Updated 12/23/01
Smith rushed for a career-high 156 yards and a touchdown Saturday. He has been one of the best runners in the AFC and will help carry your team to Fantasy glory.

Steve McNair, QB TEN - Free Agent Updated 12/23/01
McNair played Saturday despite suffering from back spasms all week. He played well, throwing a touchdown pass in the second half. Expect him to be a solid No. 1 QB.

Jeff Garcia, QB SF - JWillie Updated 12/23/01

Garcia, whose practice time was limited all week, played in Saturday's game. He admitted afterwards that he has a cracked rib. He played with extra padding, saying it didn't greatly affect his throws. Garcia might not be at full strength in the remaining weeks but he will still be a solid No. 1 Fantasy QB.

Eddie George, RB TEN - Tori Updated 12/23/01
George played in Saturday's game despite suffering from an ankle injury. He left in the third quarter because of a neck injury but returned to the game.

Oronde Gadsden, WR MIA - Matty Updated 12/23/01

Gadsden did not play in Saturday's game against the Patriots because of a hamstring injury. Chris Chambers started in his absence.

Fred Beasley, RB SF - Free Agent Updated 12/23/01
Beasley broke his right hand. He will probably be sidelined for the rest of the regular season.

Joe Horn, WR NO - Matty Updated 12/21/01
Horn is once again performing like an elite Fantasy receiver. He is a must-start player during the final weeks of the NFL season.

Maurice Smith, RB ATL - Frank Updated 12/21/01
A banged-up Smith hasn't done much statistically in recent weeks. Don't depend on him during the Fantasy playoffs.

Donald Hayes, WR CAR - Martin Updated 12/21/01
Hayes may step back into the forefront this week as the No. 1 wideout in place of Muhsin Muhammad. He isn't very explosive, however, and won't help Fantasy teams much during Weeks 15 through 17.

Chris Weinke, QB CAR - Tori Updated 12/21/01
Consider Weinke as a backup during the Fantasy playoffs. He lacks the weapons to post better-than-average numbers, but he is a good option if you need an emergency QB.

Kurt Warner, QB STL - Hunter Updated 12/21/01
Warner should guide many Fantasy teams to success during the playoffs. Expect fine numbers from him the rest of the way.

Rich Gannon
, QB OAK - Martin Updated 12/21/01
Gannon has been a top-flight Fantasy QB this year. He will be a key player on many title teams, and should never be benched.

Randy Moss, WR MIN - Russell Updated 12/21/01
Moss started off slow this season but has once again been one of the best wideouts. Don't hesitate to start him during your playoff run.

Marvin Minnis, WR KC - Free Agent Updated 12/21/01

Minnis hasn't done much to help Fantasy owners this year. Don't use him during the remaining weeks of the NFL season.

Michael Westbrook, WR WAS - Free Agent Updated 12/21/01
Westbrook has been inconsistent this season as a Fantasy player. He will be a good No. 2 at best during your playoffs.

Rod Gardner, WR WAS - Free Agent Updated 12/21/01
Gardner has been very inconsistent this season. Unless you play in a deeper league, starting Gardner isn't advisable.

Tony Richardson, RB KC - Neal/McKay Updated 12/21/01
Richardson hasn't been a consistent scoring threat this year. Don't use him during the Fantasy playoffs.

Tony Gonzalez, TE KC - Russell Updated 12/21/01
Gonzalez hasn't played as well as expected this year. Still, he is too talented to bench during the Fantasy playoffs.

Brett Favre, QB GB - Frank Updated 12/21/01

Favre has been one of the best QBs this season. Count on him to help lead your team to Fantasy glory.

Trent Green, QB KC - Bass/Hull Updated 12/21/01
Green has been an inconsistent Fantasy QB this year. He is a risky start during the rest of the season.

Bill Schroeder, WR GB - Frank Updated 12/21/01
Schroeder has had a solid season. Look for him to be a reliable No. 2 wideout during your postseason.

Matt Hasselbeck, QB SEA - Bass/Hull Updated 12/21/01
Hasselbeck has been a big disappointment this year. Don't use him during the Fantasy postseason.

More Updates

Transactions, View

Transactions

Date	Time	Player	Team	Transaction	Effective
Cost

12/21/01	 6:49 AM	Brown, Kris	Martin	Signed	Week 15	$2.5

12/21/01	 6:49 AM	Taylor, Fred	Martin	Released	Week 15	$2.5

Schedule, Breakdown

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[IMAGE]

SFX Music / Houston Concert Update
3DSammy

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Sammy Hagar

January 24, 2001
Aerial Theater at Bayou Place
On sale Saturday, December 9 at 10am=A0=A0
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Trans Siberian Orchestra

December 20, 2000
Aerial Theater at Bayou Place
On sale now!!=A0=A0
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Jim Brickman

with Donny Osmond
Friday, December 22, 2000
Aerial Theater a= t Bayou Place
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Robert Earl Keen

with The Iguanas
Saturday, December 23, 2000
Aerial Theater = at Bayou Place
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New Year's Eve Houston

with 3 Doors Down, Eve 6
Vallejo, Dexter Freebish, Blue October= and more!
Sunday, December 31, 2000
Downtown Houston - behind Aeri= al Theater
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service charge is added to each ticket price.  All events are rai= n or shine.
=09 =09

For the Aerial Theater's complete show schedule visit www.aerialtheater.com.

3DSFX.com

        =20 Terms and Conditions of Use. =A91999-2000 SFX Entertainment Inc=
. All rights reserved.


To continue to keep you in the loop - looks like Mike is moving in the right
direction on this --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/27/2000 05:15 PM
---------------------------

Mike Jordan
12/24/2000 08:15 AM
To: Rick Buy/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON
cc: James New/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Brian Hudson/LON/ECT@ECT, Mark
Pickering/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Michael R Brown/LON/ECT@ECT, John Sherriff/LON/ECT@ECT
Subject: UK Submission of Positions

In response to the below, there was a short planning meeting between
Commercial Support and IT, specific objectives were identified which would
enhance the DPR and reporting process, and improve the robustness of our
processes, the following has been agreed in principle:

1. Commercial groups to input all trades and save out all curves by 6 PM GMT,
pending agreement from the Office of the Chair.
2. IT to investigate/develop a report showing valuation of new trades, to be
signed off by risk management before end of day.
3. Full valuation to start at approximately 7 PM GMT.  On completion, a
comparison of the portfolio valuation will be made to the prior day's
portfolio valuation and any material (threshold to be specified) movements to
be reported to risk management ( for consideration of rerun )
4. IT Operations to monitor valuation for software and hardware errors, to be
reported to technical support in the event of a failure.

The benefits of this process will be to trap problems early and allow time
for completion of the rerun of the valuation systems prior to the beginning
of the next trading day.

Early in the new year we will produce daily process timelines for each
business area/valuation system for the following:
a) current state
b) proposed interim state without automated trade capture/booking
c) target final state including automated trade capture/booking ( note -
Market Tracker for UK Power business is currently in system test -
implementation timelines for other businesses not yet available )

Upon completion of these analyses we will circulate and request full
commercial signoff

Regards

Mike Jordan, James New, Mark Pickering, John Paskin and Brian Hudson
---------------------- Forwarded by Mike Jordan/LON/ECT on 24/12/2000 13:56
---------------------------

Mike Jordan
19/12/2000 16:02
To: Rick Buy/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON
cc: James New/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Brian Hudson/LON/ECT@ECT, Mark
Pickering/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT

Subject: UK Submission of Positions

Just to follow up on James's note of yesterday - my apologies for being out

The elimination of the requirement to 'grab' the FX and IR market environment
from Houston ( and consequently use European data ) can improve our ability
to kick the overnight batch processing off earlier in the evening. James and
I will be working with Brian Hudson to determine the timetable for effecting
this change

The revised batch start time would improve the opportunity to detect any
system failure and complete a rerun of the valuation process so as to deliver
completed results by the time the Risk Management team arrive at their desks
in the morning. System failures are the most significant problem we face in
delivering timely information to Houston. Consequently the probability of
meeting current reporting deadlines would be greatly improved given that we
will have full IT overnight support covering for any IT failure and curve
input validation processes on trade date.

Indeed given the successful completion of all overnight runs we are able to
deliver

Officialisation of all valuation systems and most spreadsheets ( David Hardy
is in final testing of the Eastern spreadsheet feed ) by the 10 AM deadline (
Houston 4 AM )
Flash p&l by the 1PM deadline ( Houston 7AM )
Completion of the final DPR to be submitted to Houston by the 5 PM deadline (
Houston 11AM )

James and I are currently finalising a document reviewing all possible
changes to business processes that could improve these times. This is in
addition to working with Commercial and IT to assess the possibility of
delivering significantly faster revaluation systems that could assist in
delivering a trade date control process.

I can confirm that there is significant work to do in this area, however, we
are dedicated to meeting the objectives of improved/more real time control.
Please feel free to call if the above requires any additional commentary.

Regards

Mike

---------------------- Forwarded by Mike Jordan/LON/ECT on 19/12/2000 15:06
---------------------------

James New
18/12/2000 09:10
To: Rick Buy/HOU/ECT@ECT
cc: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT

Subject: UK Submission of Positions

Rick,

Thanks you for your note below. We are today implementing a flash P&L
process. We aim to report daily numbers at 7am Houston time and will start
today with the P&L. We will build on this and hope to have draft positions
and VAR for most books within a week or so. There will be a reconciliation of
flash to final numbers which will be included in our return to Houston.

I will put together a note on the London DPR production process which goes
into the process we currently have, the process we actually need to have, and
the obstacles that are in the way. I would expect this to be finalised
tomorrow. Obtaining the USD interest rate curve on a more timely basis is
just one of our problems but it is unfortunately by no means our only or most
serious problem.

James

From:  Rick Buy
15/12/2000 21:59

To: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Mike
Jordan/LON/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT

Subject: UK Submission of Positions

Need your help on the following: Each day we are delayed in finalising var,
p&L and positions because the UK must wait for a USD  interest rate curves
before submitting their data to Houston. I am also told that it is really not
necessary to wait for this curve and the data could be submitted close of
business London. Even if there was some minor inaccuracy from this method it
would be better than what we have now. This would greatly improve the
efficiency (by 4 to 6 hours) in reporting to senior management. Can you guys
initiate this change or get me to the right person there. Thanks, Rick


Chad, do you even know what is coming out of your mouth?  When did you become
such a football expert?  I recall Blanchard and the boys having to teach you
about the game.


I have attached two drafts of the response to the California Power Exchange's
November 11, 1999. The shorter response is the letter I recommend we send.
The longer version has a little more substance.  Please give me your input by
5:00 p.m. Thursday.


Yes, I'm available.  What time works for you? I'd rather go after 111:45.

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

	Lynn Aven/ENRON@enronXgate
	04/19/2001 09:45 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Lunch

 Sara:  Are you still on for lunch today?  Where do they have good tunnel of
fudge downtown?  If you are available, let me know time and I will meet you
in the lobby of the Enron Building.

 Lynn


We are expecting  Willamette Industries back tomorrow.  Please be in touch
with them and Les, and maximize the profit for these guys (last month we made
$78,000).
Thanks,
Bill

Lester Rawson
04/20/2001 02:36 PM
To: Bill Williams III/PDX/ECT@ECT
cc:

Subject: Willamette

Real Time Traders,

Willamette Ind. expects to be back tomorrow 4/21. Doug Reiner will call in
the morning. Willamette expects to have 10 - 15 Mw available each hour.

Call me if there are any questions.

Les


Attached is a brief memo outline some of the transtion issues with HPL to AEP

This is the first draft.

The itilized items currently require some more action.

Please add any items and forward back to me.  I will update

thanks

bob


I will need to be at my home today and tomorrow at 4 pm for repair
estimates.  I will coordinate my schedule with Kaye.  Sara


All LIM MIMIC & Excel Add-in Users within Enron,

            This past week LIM software was upgraded to reflect LIM latest versions.  If you are experiencing problems with MIMIC or the XMIM Excel Addin, please restart your machine for the latest changes to take effect, then follow the instructions for your specific application.

        MIMIC:

                   Under Start > Programs > Business Applications > LIM, Use the latest MIMIC version which is MIMIC 1.2.7

        Excel Addin:

                    Please reinstall your add-in, running the XMIM Excel User (installation) under Start > Programs > Business Applications > LIM

If problems persist, please contact the Enron - LIM Helpdesk at extension 33923 or 713-853-3923.


I am working on that now.

Zimin Lu
12/07/2000 11:26 AM
To: Susan M Scott/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT, Paulo Issler/HOU/ECT@ECT
Subject: put on collar

I re-compiled Exotica.xll, so that the xcol function is a put on collar.

De-add in your Exotica. Add this special one. And use xcol for put.

Then delete the Exotica_xcol_putoncollar.xll

We will build in this functionality in near future.

Zimin

Paulo,

Can you add a flag to xcol function so that we can choose a put or call from
the
spreadsheet ?

Thanks.

Zimin


I really appreciate you taking the time to be professional to me today.  You
could have easily passed on our discussions.

I hope you understand how important these issues are to me.  I have gone
over the entire evening with everyone to make sure I am not leaving a stone
unturned.

Thanks again.  I know we have an uphill battle with you, and I hope we are
up to the challednge.

Thanks,

Steve
-----Original Message-----
From: Sandra.F.Brawner@enron.com [mailto:Sandra.F.Brawner@enron.com]
Sent: Friday, September 22, 2000 12:46 PM
To: STouchstone@natsource.com
Subject: Re: FW: My concern

I have received your E-Mail.


I took the volumes on deal 472520 (CPR Storage) to 0 and moved them to the
following deals.
Crystal, deal 472520 was valued at CGLF IF.

Deal  Comment
473178  Exchange sell for the November Injections
473190  Exchange buy for the December withdrawals.

Susan wants the withdrawal volumes to go into Texas Gas.

Tricia, deal 473190 has the daily withdrawal volumes.  Please set up the Egan
to Texas Gas ticket.

All of my information is on the following worksheet
0:/logistics/capacity/east/NE/Egan_strg_NOV2000.xls if any is interested.

---------------------- Forwarded by Chris Germany/HOU/ECT on 11/08/2000 01:18
PM ---------------------------

Chris Germany
11/07/2000 12:39 PM
To: Crystal Hyde/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Tricia Spence/HOU/ECT@ECT, Lia Halstead/NA/Enron@ENRON,
Jesse Villarreal/HOU/ECT@ECT
cc: Susan W Pereira/HOU/ECT@ECT, Elizabeth L Hernandez/HOU/ECT@ECT
Subject: EGAN Storage

We are injecting gas into EGAN storage today through Monday, off of Texas Gas
and CGLF.  We will be withdrawing this gas ratably in Dec into Texas Gas.  I
will probably make a mistake or two on my deals because I'm kinda sleepy.

Crystal will help me set up the deals on EGAN.  I am currently using a CPR
Storage deal ticket and I believe that is incorrect.  I will let everyone
know the deal tickets by the end of the day.


Travis:

My understanding is that the Password Application/ETA has been vetted in
Singapore (Edmund Cooper in London or Matt Lee could re-confirm this), but I
do not know about South Africa.

Alan

	Travis McCullough
	07/20/2000 12:24 PM

		 To: Justin Boyd/LON/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 cc: Greg Piper/Corp/Enron@Enron, John Cummings/HOU/ECT@ECT, Brandon
Wax/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT
		 Subject: Re: EOL -- European counterparties

Justin:

Thank you for your message.  Let me know if there is anything I should be
doing to help you out from this side.

I have attached the list of countries in which the Pulp and Paper group
expect to have clients that will be active traders on Clickpaper.com.  I
believe that EOL has ETAs and Password Applications prepared for these
jurisdictions, but I'm not sure where we stand on Singapore, South Africa or
Ireland.  Justin, you probably know where we are with Ireland, -- Alan or
Mark -- any idea on where we may stand in South Africa or Singapore?

Justin, I would assume that the form of ETA that EOL currently uses for a
particular jurisdiction could be revised to reflect  Clickpaper as the
counterparty, but I noticed that EOL's form of ETA is with a UK entity.
Should Clickpaper adopt the same structure for trading in Europe?

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 07/19/2000 06:44 PM -----

	John Cummings
	07/19/2000 12:38 PM

		 To: Travis McCullough/HOU/ECT@ECT
		 cc: Bob Crane/HOU/ECT@ECT, Brandon Wax/HOU/ECT@ECT, Greg
Piper/Corp/Enron@Enron
		 Subject: Re: EOL -- European counterparties

Travis

Attached is the preliminary list of the European counterparties.  As of now
the countries to work on for the ETC and Password Application are:

Austria
Belgium
Finland
France
Ireland
Italy
Netherlands
Portugal
Sinagapore
South Africa
Spain
Sweden
United Kingdom

The only ones not on the EOL list are Ireland, Singapore and South Africa.
Let me know what is required to Clickpaperize the EOL stuff and also what do
we do about GTC physical and financial (ie are these country specific too).

jc


Hi Guys,

We don't expect to deal with the facility agreement until around 130, so
there isn't a need for Lee to listen to the rest unless he wants to.  Lee,
you are more than welcome to come in person, in which case I can give you
some exectued change orders.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 09:14
AM ---------------------------
From: Suzanne Adams@ECT on 11/09/2000 04:08 PM
To: Sheila Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Lisa
Bills/Corp/Enron@ENRON, Roseann Engeldorf/Corp/Enron@ENRON, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Stephen.swift@ps.ge.com,
Michael.barnas@ps.ge.com, Kent.shoemaker@ae.ge.com, kay.mann@enron.com,
lee.johnson@ss.ps.ge.com
cc:

Subject: GE CONFERENCE CALL FOR NOVEMBER 10, 2000

The conference call will be held at 1:00 p.m. CT tomorrow, November 10,
2000.  For the people in Houston, I have reserved EB38C1.  The dial-in
information follows:

Dial In: 888-476-3757
Participant:  543030
Host:  609623 (Sheila)

If you have any questions, please give me a call at 713-853-7340.  Thanks,
Suzanne


N E W S  R E L E A S E
COMMONWEALTH OF PENNSYLVANIA
OFFICE OF THE GOVERNOR
Commonwealth News Bureau
Room 308, Main Capitol
Harrisburg, PA  17120

FOR IMMEDIATE RELEASE
CONTACT:
Tom Charles, Editor Commonwealth News Bureau (717) 783-1116

Deb Snyder, Revenue Press Secretary (717) 787-6960

GOV. RIDGE RECEIVES ANNUAL REPORT ON ELECTRIC COMPETITION
THAT SHOWS CONTINUED JOB GROWTH, SAVINGS FOR PA
Electric choice will help create 40,000-plus jobs by 2005

HARRISBURG (Aug. 6) -- Secretary of Revenue Larry P. Williams today announced  that the second annual report to Gov. Tom Ridge and the General  Assembly, "Electricity Generation Customer Choice and Competition," shows  electric choice will help create more than 40,000 jobs by 2005.

"Our latest report shows electric competition continues to have a positive impact on  Pennsylvania," Secretary Williams said.  "Last year's report projected electric competition will create more than 36,000 new jobs by 2004.  This year's projections continue to show the economic benefits of the No. 1-in-the-nation electric-deregulation plan proposed and signed into law by Gov. Ridge.

"Savings from electric competition give consumers and employers more money to spend, creating multiplier effects on the state economy and reducing business costs, giving employers more money to invest."

The new report studies the impact of Act 138 of 1996 during the period 1997-2005.  Models used for the report show that the forecast reductions in retail electricity prices lead to the following economic impacts in Pennsylvania by 2005:
?       The real gross state product will be $2.3 billion higher;
?       Overall employment will increase by 40,700 full-time and part-time
jobs;
?       Nominal personal income will increase by $1.8 billion;
?       The price index will decrease by 0.5 percent; and
?       The population will increase by 56,000 people, as workers are attracted to job opportunities in Pennsylvania.

The report also notes larger Sales Tax and Personal Income Tax collections.

On July 16, Gov. Ridge joined Vice President Dick Cheney in Allegheny County for a national town meeting on President Bush's National Energy Policy. "It's no surprise why the President chose Pennsylvania to
conclude the rollout of his National Energy Policy in May," Gov.
Ridge said at the national town meeting.  "And it's no surprise why Vice
President Cheney is in Pennsylvania today for this important town meeting with our entire nation.

"Pennsylvania is a national leader in both energy and the environment.  We are the No. 1 state in the nation for electric competition.  Our electric-
competition plan has saved employers and families $3.8 billion, while ensuring a strong supply.  And, at the same time, we are forging a new environmental partnership, with forward-thinking initiatives like Land Recycling and 'Growing Greener.'"

More than 130,000 Pennsylvanians now use cleaner and greener forms of power, more than any other state.  Pennsylvania also is the first state to deregulate both electricity and natural gas.

Gov. Ridge led the push for electric competition and, in December 1996, signed the Electricity Generation Customer Choice and Competition Act.  The Electric Choice Program went into effect in 1998. Prior to the enactment of Act 138 in 1996, Pennsylvania's  retail price of electricity exceeded the national average.

Under the Ridge Administration, Pennsylvania families and employers have saved $17 billion through tax cuts, workers' compensation reform, reduced red tape and electric deregulation.  These savings have helped to create nearly 500,000 new jobs.

#    #    #
2001


Jeff:

Here are two of the documents that you need for the California filing.  I am
also sending these documents via UPS to you tonight for Monday a.m. delivery
along with a few other items.

Have a great weekend!

Tracy

(See attached file: bio.doc)(See attached file: aftstariff.doc)

 - bio.doc
 - aftstariff.doc


Congratulations on your promotion to Vice President.  Well deserved, and a
nice recognition of your contributions to the success of the Calgary office.
--Sally


In case you all have not seen this, here is a press release on an agreement
between New England and PJM to develop a standardize market design based on
PJM's market design.

Please let me know if you have any questions.

Sarah


Kim Bennick may join us for lunch, if ok w/ you.    Do you wnat to eat here?
Thats ok w/ me.

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


----- Forwarded by Mark Taylor/HOU/ECT on 08/16/2000 08:47 PM -----

	MDunn1@milbank.com
	08/15/2000 08:51 PM

		 To: amanda.angelini@ssmb.com, rick.caplan@ssmb.com, steve.incontro@ssmb.com,
doug.mcdowell@enron.com, craig.clark@enron.com, ryan.siurek@enron.com,
gareth.bahlmann@enron.com, clint.walden@enron.com, kevin.d.jordan@enron.com,
mark.taylor@enron.com, carol.stclair@enron.com, brent.vasconcellos@enron.com,
annmarie.tiller@enron.com, Kimberly.r.Scardino@us.arthurandersen.com,
Fcochran@velaw.com, acurry@velaw.com
		 cc: FPuleo@milbank.com, EMoser@milbank.com, MMottesi@milbank.com,
JFalzon@milbank.com, MDunn1@milbank.com
		 Subject: Delta III Documents - Amendments to Delta Notes and Forms of Cons
ent Thereto

??????? Please find attached, for your review, Amendments to each of the
currently outstanding Delta Notes, together with forms of Consent to such
Amendments. These Amendments are needed in order to ensure that the Delta III
transaction does not violate the negative covenants of the oustanding Delta
Notes. Note that I have also attached a blacklined document with respect to
each Amendment (the current version blacklined against a composite document)
in order to highlight the alterations made to the definitions in each of the
Delta Notes.

??????? Please note that these documents remain subject to further internal
review.? The Remainder of the Delta III documents will follow.

??????? Please direct questions or comments regarding the attached documents
to Mike Dunn at (212) 530-5435.? Best Regards.

 <<Yosemite III - Delta - Citibank Consent to Amendment No. 1 to Delta Note
2.DOC>>   <<Yosemite III - Delta - Citibank Consent to Amendment of Delta
Note 1.DOC>>   <<Yosemite III - Amendment No. 1 to Delta Note dated
2232000.DOC>>

? <<Yosemite III - Amendment No. 2 to Delta Note dated November 18,
1999.DOC>> ?????  << Yosemite III - (Blackline)Amendment No. 2 to Delta Note
dated 11.18.1999.rtf>> ????????  <<Yosemite III - (Blackline) Amendment No. 1
to Delta Note dated 2.23.2000.rtf>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - Yosemite III - Delta - Citibank Consent to Amendment No. 1 to Delta Note
2.DOC
 - Yosemite III - Delta - Citibank Consent to Amendment of Delta Note 1.DOC
 - Yosemite III - Amendment No. 1 to Delta Note dated 2232000.DOC
 - Yosemite III - Amendment No. 2 to Delta Note dated November 18, 1999.DOC
 -  Yosemite III - (Blackline)Amendment No. 2 to Delta Note dated
11.18.1999.rtf
 - Yosemite III - (Blackline) Amendment No. 1 to Delta Note dated
2.23.2000.rtf


Further information on Rice.  Given the outcome (read the following email as
well) I didn't feel the need to involve anyone else.  Let me know if you
disagree.

Thanks,
Brad

----- Forwarded by Brad Richter/Enron Communications on 03/05/01 08:24 AM
-----

	Radu Tutos
	03/02/01 04:11 PM

		 To: Brad Richter/Enron Communications@Enron Communications
		 cc:
		 Subject: Rice University misunderstanding

Brad,

The complaint that we have received from Rice regarding the Bremen circuit
seems to be the result of a misunderstanding. In brief, this is what happened:

Rice is currently under contract with us to purchase  a Houston-Bremen
circuit starting February 2002.  Initially the circuit was supposed to be on
line February 2001 (last month), but at Rice's request, we bought back the
circuit for the first 1 year.

We have recently been approached again by Rice to provide them with an
interim circuit on the same route ASAP, and we have just submitted to them a
termsheet in that regard.

Most likely, the misunderstanding came about as a result of repeated
modifications of the starting date for the circuit, all of which were
requested by Rice.  Again, our obligation under the existing contracts is to
deliver the circuit February 2002, almost a year from now.

I discussed this problem with Brad Nebergall (origination), and he made a
priority to explain the situation with the upper management at Rice.

thanks,

Radu Tutos
Director, TDS
Enron Broadband Services
office  713-853-3990
cell     713-304-7602


Meet with Jeanie Sloan re: Eric Bass Agreement


here it is.
PL

 -----Original Message-----
From: 	Mills, Bruce
Sent:	Sunday, October 14, 2001 8:47 PM
To:	Love, Phillip M.; Cuilla, Martin
Subject:	FW: Weekend Events.........

this is where we stand gentleman, once again I can be reached on my cell - 832-656-4598
Bruce

 -----Original Message-----
From: 	Khanna, Bharat
Sent:	Sunday, October 14, 2001 7:10 PM
To:	Ramesh, Ganapathy; Patel, Virendra; Mills, Bruce; McIntyre, Burton; Hayden, Frank; Abel, Chris; Basu, Nilay; Victorio, Tom; Keiser, Kam; Jia, Winston
Subject:	Weekend Events.........

As most of you already know, it has been a crazy weekend for some of us.  I'm going to address why all this happened, what we have done, and the ongoing problems we are having?

About 8 months ago Martin Cuilla took a position on a curve called GD-AECOUSD-DAIL.  On Friday he wanted to move this position to another curve called GD-AECOCD/FRWKD.  We had being seeing the position come in on the bench report but apparently VaR was not being captured on it.  It was not in the Primary/Secondary curve mapping table in Risktrac and was not mapped to an intra-month curve either (OMICRON).

On Friday evening I asked Burton to map the new curve in the primary /secondary table and Virendra to map it to OMICRON_9.  If this would have worked we expected Cuillas VaR to fall by approx. $800K given the risk structure of his positions.  But the desired results were not achieved.

On Saturday with the help of Ramesh, Virendra and Burton we tried several different combinations of mappings with no positive results.  The positions do not seem to be coming in as we are not picking up the book in Component Var.  The book should be INTRA-ONTARIO-CAD2.  It exists but, there are no positions in it.

The only reason this would happen if the curve had no Volatilities or Prices associated with it.  We need to find out why this is so?  Understand also that AECOCD/FRWKD is a derived curve so it has no Prices and Vols of it's own but takes it from AECO-CDN/IM.  We have also mapped AECO-CDN/IM to CGPR-AECO/BASIS and to OMICRON_9 but still are not getting any changes.

Ramesh, Burton Virendra, and Bruce have all worked very hard this weekend, despite having other work related commitments, to try to resolve this, and have gone over and above what was expected of them.  But despite all our efforts this is still a problem that needs addressing.

Cuilla is very concerned about this because Lavorato is watching him.  I have to answer to him tomorrow and cannot use systems issues as an excuse.  I want us as a team to look at this tomorrow and in the short-run fix Cuillas VaR.  We also want curve mapping to become a more front-end solution (with very few users) because of their (the front office) knowledge of where the different curves need to be mapped.  Kam Keiser will help us with this.

In the long-run I don't want any of us to have to do this again and want to identify a solution.  Ramesh has rightly pointed out that this will take time and resources on his side.  Given the speed of the work in this place none of us have either extra time or resources but, we have to find a way and, most of all be patient while we address these issues.

Please understand that tomorrow may be a little hectic for all concerned parties but to be patient while we try to reach the root of the problem.  Nilay we will need your expertise about curve mappings, and OMICRONS, for this?

Thanks again for all your help this weekend.......

Regards

Bharat


Good morning,

I am not sure if you are aware of the recent statements by the Prime
Minister of Canada, on his recent political trip to Whitehorse, Yukon.  He
made some erroneous statements regarding Canada's position on the ANGTS
project and Canada's requirements for any project.

The attached Official Background brief was issued by the PMO (Prime
Minister's Office) in Ottawa.  As you can see from the brief, Canada does
not agree that Foothills or the ANGTS project has exclusivity on a project
for delivering gas from Alaska.  Furthermore, Canada will ensure that any
project in the north will give maximum economic benefit to northerners.

I hope you find the attached document informative.  If you have any further
questions, please feel free to give me a call at your convenience.

Best regards,

Bruce

 - Backgrounder PMO.doc


fyi - Jade Eaton is one of Lara's contacts at DOJ
----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 01:12 PM -----

	Lara Leibman@ENRON COMMUNICATIONS
	02/28/2001 03:23 PM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc: Richard Shapiro/NA/Enron@ENRON
		 Subject: Re: HPL Closing

Steve,

Thanks for forwarding.  Actually, Brian sent it to me on Monday, and I
followed up with Ann and Barbara.  I have not spoken with Brian yet because I
am waiting for a green/red light from Barbara as far as Jade Eaton is
concerned.  Barbara and I spoke at length yesterday and she is concerned
about the counterparty's reaction to a meeting with DOJ (even an informal
one).  She plans to get back to me though with regard to whether they want me
to get involved at this stage.  I spoke to Rick as well so he is up-to-date
with the current status.

I'll let you know if anything further develops.  Thanks again.

Lara

	Steven J Kean@ENRON
	02/28/01 02:13 PM

		 To: Lara Leibman/Enron Communications@Enron Communications
		 cc:
		 Subject: HPL Closing

----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:12 PM -----

	Brian Redmond@ECT
	02/26/2001 02:57 PM

		 To: John J Lavorato/Enron@EnronXGate, Louise Kitchen/HOU/ECT@ECT, David W
Delainey/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, David Oxley/Enron@EnronXGate, Wes
Colwell/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT, Joseph
Deffner/Enron@EnronXGate, Anne C Koehler/HOU/ECT@ECT, Barbara N
Gray/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT, Ann Ballard/enron@enronxgate, Jim
Schwieger/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Joe Allen/NA/Enron@Enron, Tommy
Yanowski/Enron@EnronXGate, Philippe A Bibi/Enron@EnronXGate, Patrick
Wade/HOU/ECT@ECT, Tanya Rohauer/Enron@EnronXGate, Fran L
Mayes/Enron@EnronXGate, Michelle Cash/HOU/ECT@ECT, Carolyn
Gilley/HOU/ECT@ECT, Robert L Hall/ET&S/Enron@Enron, Ranabir
Dutt/Enron@EnronXGate, Tom Shelton/HOU/ECT@ECT, Steve HPL
Schneider/HOU/ECT@ECT, Kenneth W Kaase/HOU/ECT@ECT
		 cc:
		 Subject: HPL Closing

Please find the attached status update for the HPL transaction.  If you have
any questions please contact me.

Thanks,
Brian


any time in may is fine.  i think i would go home at the end of may so if you
want to go at the end of may that could work.  i am checking today to find
out when grandma and grandpa will come into town.  i will let you know this
week.


Delta Peak	Delta OffPeak
R7	-241,232.00	-6,484.00
R9	16,725.00	-12,743.00
R11	-14,107.00	12,743.00
	-238,614.00	-6,484.00

	Notional Peak	Notional OffPeak
R7	-253,083.00	-247,715.00
R9	4,000.00	3,982.00
R11	-2,400.00	-1,364.00
	-251,483.00	-245,097.00


My only addition would be to strengthen the answer to #5 - RTOs, even if formed, do not explicity resolve the question of the Native Load Exception.  I think that this is critical to highlight if this issued is raised.

Jim

-----Original Message-----
From: Novosel, Sarah
Sent: Friday, August 24, 2001 4:31 PM
To: Hartsoe, Joe; Robertson, Linda; Shapiro, Richard; Steffes, James D.; Nicolay, Christi L.; Kean, Steven J.
Subject: FW: Order 888 Argument

Please see Lou's email below.  It's rather lengthy, and we will be working with him to help him prepare for oral argument, but to the extent any of you have the time or inclination to read his questions and add your thoughts, your comments would certainly be welcome.

Thanks

Sarah
-----Original Message-----
From: Palansky, IJay [mailto:IPalansky@wilmer.com]
Sent: Friday, August 24, 2001 4:43 PM
To: Cohen, Louis; 'Jeffrey D. (Dan) Watkiss (E-mail)'; Plotnick, Michael
Cc: Novosel, Sarah; Killory, Ted; Frankel, Jonathan; Palansky, IJay
Subject: RE: Order 888 Argument

See comments below
-----Original Message-----
From: Cohen, Louis
Sent: Thursday, August 23, 2001 11:17 AM
To: Jeffrey D. (Dan) Watkiss (E-mail); Palansky, IJay; Plotnick, Michael
Cc: Sarah Novosel (E-mail); Killory, Ted; Frankel, Jonathan; Cohen, Louis
Subject: Order 888 Argument

Please think about the following:

In a 20-minute Supreme Court argument [the limit will be strictly observed], one needs to be ready to answer questions of all sorts, but one cannot count on being able to make more than 2-3 points, and each of them needs to be clear from the first sentence; points that require development don't work.  In light of that:

1.    Should I plan to spend any minutes on the "New York" side of the case, i.e., arguing that *all transmissions over the grids are in interstate commerce and FERC has jurisdiction whether the ensuing sale is wholesale or retail*?  On the one hand, the "NY issue" is more important to Enron than the "Enron issue"; on the other hand, my sense is that we are way ahead on the NY issue after the briefs, and the SG will likely do a good job on it in argument.  My sense is that I should be prepared, if necessary, to utter something like the starred portion of the first sentence of this paragraph, and to defend it against any questions, but should not otherwise plan to get into these issues.
We should probably also have a canned sentence ready to address NY's wacky preemption argument, which the one that it relied on most heavily in its opening brief.

2.    I think my most important tasks are to make clear that (i) this case is about FERC's power to require nondiscriminatory access to the interstate grids (and not about rates or state regulation of retail sales) and (ii) it is important to the nation that FERC have such power.  I need to make these points quickly and vividly, in a way that the Justices will carry away.  That is going to be hard, because theoretical abstractions are not vivid, examples take too long to develop and provoke quarrels about details, and metaphors are generally too inexact.  Please consider whether I am right about the two points being most important, and think about how to make them.
 I think these points are the most important, along with making the Court comfortable with the idea that if they adopted our position they would not be turning upside down a federal/state regulatory division that's been in place for 60 years.

3.    Although in a formal sense our case turns on the Chevron issue (plain language, no ambiguity, hence no room for discretion), my instinct (but I am not at all sure about this) is that I should not plan to devote time to these matters.  First, they are covered well in the briefs.  Second, whether one sees "ambiguity" does not really depend on staring at the language but on understanding what "transmission in interstate commerce" necessarily covers in the present age.  In other words, the way to win the Chevron point is to win the points in the previous paragraph.  Hence I ought to prepare to get the word "unambiguous" in there somewhere in the middle of a sentence, and defend it if necessary, but not do more.  Does this seem right?
I think it's worth giving a little more attention since this is the key issue below and, ultimately, the issue on which the Court must rest its decision.  We don't want to lose the trees for the forest.  That said, since we've dealt with it at length in the briefs, I don't know that we need much more than a reminder of the issue and the arguments:  FERC asserts that section 201(b) does not unambiguously determine whether transmission bundled with retail sale is a transmission or a "sale of electric energy at wholesale".  It concluded that such transmission is a sale.  The D.C. Circuit erroneously held that FERC's interpretation was permissible.  But transmission doesn't stop being transmission merely because it is sold together with generation:  it is both transmission and a necessary component (query whether "component" is the best word to use) of a retail sale.  Therefore, under the clear language of section 201(b), jurisdiction over all transmissions, including transmissions bundled with retail sales, is vested in FERC.

On the related point of NY's position that the wholesale/retail bright line applies to transmission:  in particular light of NY's interpretive gymnastics in its reply (re: 201(a), at p.6), isn't a good one-liner simply that if Congress intended to limit FERC's transmission jurisdiction to transmissions for wholesale, then s. 201(b) would read "The provisions of this subchapter shall apply to the sale of electric energy at wholesale and all associated transmissions" (or something to that effect)?

Note:  this issue opens the door to discussion of, among other things, whether the exclusive purpose of section 201(b) was to fill the Attleboro gap; and questions about the structure of the FPA, e.g., the relationship between 201(b) and 211/212, 206(d), etc.

4.   What do I do in argument with LP&L?  I find the NGA parallel very compelling, and IF the Court decides to go with us it will have no problem citing and following that case.  On the other hand, the argument does not seem to have persuaded anybody but our team (not CADC for example).  On balance, I am inclined to say "The Court has already decided this issue under the parallel provision of the NGA" and use some time to press that point.  One reason for doing so is that in general it will be much EASIER for the Court just to affirm FERC and CADC than to push thru the complexities and agree with us, but LP&L gives them both a precedent for overruling FERC on its own jurisdiction and a comparatively easy way thru the case.
Agreed.

5.  I need to understand why FERC's powers and plans to create regional transmission organizations do not fully solve the problem.  I need to get a detailed understanding of the facts, and a one-sentence answer to why there is still a problem.
The primary answer in our reply is that Order 2000 does not require RTOs, it only encourages their voluntarily formation; and that there's no indication that monopolists will give up their market power unless compelled.  (p. 19)

6.  Most important:  What other points (in addition to 2 and 4) does anyone think I need to be sure to make?  Even more important, what points made by NY, SG, EEI, California are most likely to trouble the Court and provoke questions?  Which of them should I plan to answer even if I get no question?
We might also need to address whether our position runs against 60 years of history:  Didn't the states regulate all aspects of bundled retail sales until Order 888?  Does our position mean that FERC historically abdicated its responsibility and the states were regulating without authority?  What is the effect of section 201(a) if not to allow states to continue to regulate the matters that they regulated in 1935?  This may be an issue to broach only if the Court indicates interest, though, since I think it's the toughest one for us to answer.

We might also reconsider our position that unbundling is merely an accounting issue.  It seems to me that reversing the position we took in our initial brief will basically hedge our bets:  it makes our affirmative argument a little harder (since we can't simply say that it's crazy to base FERC's jurisdiction on an accounting technique), but it also makes NY's argument harder, since they can't simply say that but for a change in the accounting for electric service the states would still be regulating interstate transmissions for retail sale.  This would also dovetail with some of the other briefs that made a strong argument that unbundling is a major change in electric service necessary to support competition among generators, and something over which the states have never exercised jurisdiction.

 Thanks to all for thinking about this.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 10/31/00
Transaction Summary
External Transactions Today	3,612
Average Daily External Transactions (30 day Trailing Avg)	2,917
Total Life to Date Transactions	395,021

EnronOnline Daily % of Entity's Total Transactions for 10/31/00	Trans	Percent
Enron North America	3,117	73%
Enron Europe Limited	113	30%
Global Products	166	27%
Enron Metals	216	9%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	45%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,286,628,342
MTD	44,746,248,811
LTD	213,438,483,083
Average Daily Notional Value (30 Day Trailing Avg)	2,017,015,500

Notional Revenue from Physical Flows to Date	15,079,918,773

Counterparties, Users, and Products Offered
Counterparties having transacted to date	543
New Counterparties transacting for the first time today	4
Number of Products Offered Today	1,201
Total Number of External Users Logged on Today	2,891
Average # of External Users logged on (30 day Trailing Avg)	2,649


FYI

6/8/00
9J49  Exxon 6,500 cut to 6,016
(cut of 484)
202K
Oasis kept delivery whole


I'll bring them by your office this afternoon.


Yes, you do not have access to Lotus Notes, because I have been hung out to
dry.  They don't have time to keep up with our demands for access, so they
want me to do this, and they have sent me instructions and are working on
getting me the level of access to change approvals, but I'm not there yet.
All things will come...

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	02/15/2001 10:35 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Stephanie Panus/NA/Enron@Enron, Samantha Boyd/NA/Enron@Enron
		 Subject:

I still do not have complete access to lotus notes -- I can review the
brokerage agreements but cannot make edits.  Does anyone know who I can call
about this?!!!!!

In the meantime, Samantha, can you please note therein that re: JP Morgan, I
left messages by phone again today for Kathleen McCirmack, their attorney of
record for the Electronic Order Agreement with ENA.  This deal is high
priority so please update notes as soon as you get this message.

Finally, Sam and Stephanie, the files for Robertson Stephens and Bear Sterns
are not at my desk.  Please doublecheck to see who has them.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693


---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/29/2000
11:43 AM ---------------------------
 Office of the Chairman
From: Office of the Chairman@ENRON on 06/29/2000 11:46 AM
To: ESOP All Enron N. A.
cc:
Subject: EnronOptions - Your Stock Option Program

It is amazing and yet not surprising how much Enron has accomplished in the
first six months of this year. You continue to make it happen.  We recognize
that you work hard every day to accomplish Enron,s business goals, and we are
pleased that many of you have shared in the company,s financial success
through Enron stock options.

As you may know, the current employee stock option program (also known as the
All Employee Stock Option Program or AESOP) began in 1994 and provided value
to participants through 2000.  Employees who have participated in this
program from its inception have realized a 1,119% increase in the value of
their stock options (assuming a stock price of $70) over the life of the
program.

Enron stock options are a valuable part of your total compensation package
and a contributing factor to your performance and to Enron,s continued
success.  Therefore, the Enron Executive Committee and the Compensation and
Management Development Committee of the Enron Board of Directors have decided
to continue to offer stock options as a part of your compensation package.

On May 1, 2000, the Committee approved an employee stock option program for
calendar years 2001 - 2005 (EnronOptions ) Your Stock Option Program).  It is
expected that EnronOptions ) Your Stock Option Program will be granted,
effective on or about December 29, 2000, for those employees who are eligible
on that date (please see note below).  The new program, which is subject to
final approval by Enron,s Board of Directors, is as follows:

? EnronOptions ) Your Stock Option Program will give stock options to
eligible full-time and part-time regular employees in domestic and
international companies/locations.
? The grant of non-qualified stock options will equal 25% of annual base
salary (5% of annual base salary for each year of a 5-year period) on
December 29, 2000. (Salary calculation and value may vary in some
international locations.)
? The Board will grant the stock options on December 29, 2000.
? Eligible employees hired in subsequent years will receive a prorated grant
of stock options.

Why commit your talent and energy to Enron?  EnronOptions ) Your Stock Option
Program, among other good reasons( that,s why.

In the coming weeks, you will be receiving more details about EnronOptions )
Your Stock Option Program.  To provide information and answer your questions,
we will introduce a special link on the Human Resources web-site, host
several eSpeak sessions and continue to communicate with you on a regular
basis.  In the meantime, if you have immediate questions, please contact your
Human Resources representative.

Note: In addition to final approval by Enron,s Board of Directors, granting
of options will be subject to New York Stock Exchange and state and federal
regulatory requirements.  It is expected that EnronOptions ) Your Stock
Option Program will be available to most Enron employees; however, some Enron
companies, employees may not be eligible due to legal, accounting, tax, labor
or business issues.  As you know, Enron changes to meet the needs of the
marketplaces we serve.  Given that need to change, we will continue to refine
the eligibility for EnronOptions ) Your Stock Option Program and will
communicate more details throughout the year with final eligibility being
determined on December 29, 2000.


Hi Jeff,

I've been asked by the Mayor's office (see email below) to confirm interest
in a news conference on the search committee with the Mayor, yourself and
possibly other committee members present. I'm happy to take the lead on
organizing this - I just need some idea of timing on your end as well as your
preference on participants.

Lisa
X54840
713-569-9563 (cell)
713-524-5189 (home)

"Thompson, Dennis" <DThompson@pwe.ci.houston.tx.us> on 01/10/2001 05:00:28 PM
To: "'Lisa Connolly @ Enron'" <lisa.connolly@enron.com>, "'Monette Goodrich'"
<mgoodric@myr.ci.houston.tx.us>
cc: "'Don Hollingsworth'" <donh@myr.ci.houston.tx.us>

Subject: HFD Search Committee - News Conference

Mr. Hollingsworth asked me to confirm that we were keeping the idea of a
news conference about the Search Committee in site.  He would like us to
begin negotiating for a spot on the Mayors calendar.  You mentioned that
January 19 was the goal to have the committee in place.  We need to
determine a date certain for selection of the members to schedule a press
release/conference.

Additionally, what has been the discussion regarding having Mr. Skilling or
other members of the Committee present at the news conference? What are the
scheduling issues with this aspect?

I have included Monette Goodrich in this conversation.  She is the Mayors
Communication Director and will be handling the press release and news
conference.

Regards,

Dennis Thompson
Office of Public Safety & Drug Policy
Special Projects
713-437-6481


Shirley,

Can you reserve the room for Tue, Dec 19, 3:30?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/08/2000
08:33 AM ---------------------------

	Clayton Vernon @ ENRON
	12/07/2000 05:38 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: seminar on beyond ols

Vince-

George just "remembered" the traders' meetings Monday and Wednesday
afternoons at 3:30. He' s going to email you- I think Tuesday would ensure a
turnout of traders as well as analysts. We  could easily have 20 people there
from Power alone, and there's always Gas .... When you decide the time,  can
you ask Shirley to reserve a conference room along the size of 30C1?

Clayton


i have a tee time for sat @ 11.  let me know if you think you can play
today.  the course is sienna plantation.


-----Original Message-----
From: 	Mainzer, Elliot
Sent:	Thursday, November 15, 2001 8:18 AM
To:	Ring, Richard
Subject:

A first shot.
Let's discuss on the call.


Mon, 7 Jan 2002 21:04:43

You have been successfully unsubscribed from About.com Today.

We're sorry to see you go. We  hope you'll consider subscribing to one or
more  About.com  newsletters  in  the  future. To  subscribe  to  any  of
About.com's    hundreds     of    other    free     newsletters    visit:
http://talk.about.com/newsletter/index.htm


The London office is forwarding recent legal advice from our lawyers in South
Africa regarding FX clearances.  It seems that prior to transacting with a
South African party, we need copies of the party's "certification" from the
National Bank allowing the party to make payments out of the country (thereby
converting local currency to USD).  Such approvals are severely restricted.
I will forward the memos to Susan Bailey for inclusion in our "database" of
global advice.  Sara


Great job.

What are the back out rates for CH going forward?  Any improvement in the market?

Jim

 -----Original Message-----
From: 	Sullivan, Kathleen
Sent:	Wednesday, October 24, 2001 1:50 PM
To:	Fromer, Howard; Montovano, Steve; Ferris, Frank; Bachmeier, Rick; Fruge, Dwight; Kingerski, Harry; Floris, Vinio; Zdunkewicz, Richard L.; Nieland, Jeff; Steffes, James D.
Subject:	Central Hudson Joint Settlement Approved

Good news on a dismal day... The New York State Public Service Commission today voted
to approve the joint settlement in the Central Hudson Rate Case.  See the attached press release.  Please contact me with any questions.

 << File: CH Press Release.pdf >>
Kathleen A. Sullivan
Manager, Regulatory and Government Affairs
ENRON
713.345.7304 direct
713.306.8498 cell
kathleen.sullivan@enron.com


someone's got too much time

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Friday, August 10, 2001 9:35 AM
To:	'kward1@houston.rr.com'; Tycholiz, Barry; Ermis, Frank; Reitmeyer, Jay; Arnold, John; Vann, Suzanne; Polsky, Phil
Subject:	FW: I want my MTV ?

 -----Original Message-----
From: 	"Melissa Reese" <mreese@cmsenergy.com>@ENRON [mailto:IMCEANOTES-+22Melissa+20Reese+22+20+3Cmreese+40cmsenergy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, August 10, 2001 8:57 AM
To:	Ward, Kim S (Houston)
Subject:	FW: I want my MTV ?

funny
---------------------- Forwarded by Melissa Reese/MST/CMS on 08/10/2001
09:00 AM ---------------------------

Corey Ayers
08/10/2001 08:39 AM

To:   Sean E Sasko/MST/CMS@CMS, Eric S Crabtree/MST/CMS@CMS, Tim L
      Spurlin/MST/CMS@CMS, Patrick J Grimes/MST/CMS@CMS, Curt J
      Lizzi/MST/CMS@CMS, Chadd Moore/MST/CMS@CMS, Ken Skaer/MST/CMS@CMS,
      Scott Biscoe/MST/CMS@CMS, Melisa D Richardson/MST/CMS@CMS, Melissa
      Reese/MST/CMS@CMS
cc:
Subject:  FW: I want my MTV ?

this fits our conversation this morning
---------------------- Forwarded by Corey Ayers/MST/CMS on 08/10/2001 08:41
AM ---------------------------

"Johnson, Todd" <Todd.Johnson@elpaso.com> on 08/10/2001 08:33:39 AM

To:   "'cayers@cmsenergy.com'" <cayers@cmsenergy.com>
cc:   "'stouchstone@natsource.com'" <stouchstone@natsource.com>

Subject:  FW: I want my MTV ?

I want my, I want my EOL

I want my, I want my EOL

I want my, I want my EOL

I want my, I want my EOL

Now look at them market makers's, that's the way you do it

You buy the nat gas on that EOL

That ain't tradin', that's the way you do it

Buying for nothin' and your commissions for free

Now that ain't tradin', that's the way you do it

Lemme tell ya, them guys ain't dumb

Maybe get a blister on your index finger

Maybe get carpal tunnel

We got keep the spreads real tight

Nationwide delivieries.

We got to move these molecules

We got to move these electricities

The Enron trader with the fifteen flat screens

Yeah, buying sellin', he don't care

That Enron trader got his own jet airplane

That Enron trader he's a millionaire

We got keep the spreads real tight

Nationwide delivieries.

We got to move these molecules

We got to move these electricities.

I shoulda learned to get out on the web

I shoulda learned, they have it hyped in the press

Look at that volume, they are the market share leader

I can't understand why the stock's under distress

And he's 50000 up there, what's that, no nymex noises

Every one wants one, even Dynegy.

Oh, that ain't workin' that's the way you do it

Buyin' for nothin' get your commissions forf ree

I want my, I want my EOL

I want my, I want my EOL

I want my, I want my EOL

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


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Hey Everyone,

We just wanted to let you know that we added a new league on Wednesday
Nights at the Fort Scott Fields for August and September.  If you are
interested in signing up a team or joining as an individual, please e-mail
us at

presidiosoftball@yahoo.com

Thanks,

Brian & Lee & Sean


Vince, sorry, the files from that directory get deleted periodically. I
attached this file here.
Rabi did some analysis related to implementation of correlated non-normally
(RTDM-distributed)
variables. Let's discuss later?

Tanya.

Vince J Kaminski
12/22/2000 05:58 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Tanya,

I could not locate the file.

Vince

Tanya Tamarchenko
12/07/2000 01:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo
Lew/NA/Enron@ENRON
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Everybody,
we were talking for a while about using non-normal distributions in the
Monte-Carlo simulations in our VAR model.
I put together some suggestion regarding this. The text is under
O:\_Dropbox\Tanya\non_normal_logs.doc

Look through this 3 page document, and let me know what you think, please.

Tanya


I wanted to thank you and your team for getting this done so quickly.  I
really appreciate it!


You guys have probably already noodled on this, but if you haven't, maybe it's worth organizing a meeting next week to discuss the above storage project and benefits / risks to TW.

For instance:

Risks:
Red Lake connection to Kern cuts into TW forward haul market

Rewards:
expands TW's Park n' Ride capabilities (we offer more capability and back it with a storage position)
better PnR rates over the short term than what the storage can offer
more backhaul business on TW mainline (i.e. Citizens Utilities)
Compression ops agrmt w/ Aquila

Let me know if you'd like to get together for a brainstorm session.  Bids are due to Aquila by 3/15 and there are some financial caveats to discuss.


Dear Jeff,  Many congratulations on your promotion to CEO.  We are proud of
all the tremendous progress Enron has made under your leadership so far and I
am confident you will continue the progressive leadership of the company in
your expanded role.  I wish you personally the very best and wish you the
spiritual support to lead Enron to new heights of serving our global
community.

God bless,

Rick


Got it.  Good hint!

From: Carlos Sole on 03/14/2001 11:04 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Hi there.

Hint:  His stuff is still here but he isn't.

	Kay Mann
	03/14/2001 10:08 AM

		 To: Carlos Sole/NA/Enron@Enron
		 cc:
		 Subject: Re: Hi there.

I give up. What's the RB career path?

From: Carlos Sole on 03/14/2001 10:06 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Hi there.

	Kay Mann
	03/14/2001 09:35 AM

		 To: Carlos Sole/NA/Enron@Enron
		 cc:
		 Subject: Hi there.

Did you want to get together to call Jake/Steve, or do you want to call them
alone?  Up to you.

I called and left Steve a brief message.  I'll patch you in when he calls
back.

When you talk to them, find out if they have talked to Lee Johnson, since we
need to make sure he is on board before we sign the letter agreement.

Thanks,

Kay

Also, two fyi's -- I left Jeff a msg on the 2/5 year confidentiality spilt
and he left back saying that approach was fine, but anything over 5 we should
go to Mark with.

Left a msg with Mark and he approved A&K (although late afternoon, when BG
asked about whether I'd hired my outside counsel, I had to tell her that I
was waiting to hear from MH.)  I think I'm off to the RB career path.


pulled up deal 158501 and added a demand charge for k#66394


Exactly what I told Lorie (send her a gift certificate for a manicure and
pedicure), but she kind of balked.  I'm not sure of her taste.  It'll be
interesting to see what they send you.  Let me know.

	Kay Mann@ENRON
	06/07/2001 03:07 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Jacoby

Works for me.  We are leaving to check in to the hotel, then back.  I had to
cancel manicure/pedicure ( and charged for it)  A hint that a gift
certificate for same would work might be appropriate.

From: Suzanne Adams@ECT on 06/07/2001 02:56 PM
To: kay.mann@enron.com
cc:

Subject: Jacoby

Jacoby's assistant just called and wanted your home address.  Apparently Ben
is going to send you something or someone (manicurist/pedicurist) to your
home.  I told her you liked champagne too if he wanted to get you a beverage
and also that you would be leaving to go celebrate your daughter's birthday a
little later this afternoon.  I didn't want them sending out someone and you
not be there.  I can see you now with the phone in one hand and a manicurist
on the other or better yet, a glass of bubbly!


The attached file contains our daily volume requirements for 4/28   and  the
following day(s) as listed .    There are  4 worksheets labelled as follows:

'Total Reqs Apr00':  Contains the volumes that CES is requesting from Enron at
each of the delivery points and dates indicated in the columns labelled
"NOM".   The Enron schedulers will want to check this sheet to see how much
gas
is needed at a specific point.   The AGL volumes are not timely and should be
ignored until further notice.    CES schedulers note:  the attached file is
archived on P:\Energy Ops\Enron\April_00\Daily\ *.xls, so you don't have to
save a duplicate copy elsewhere on the network.
'Total Reqs May00':  Contains the volumes that CES is requesting from Enron at
each of the delivery points and dates indicated in the columns labelled
"NOM".   The Enron schedulers will want to check this sheet to see how much
gas
is needed at a specific point.   The AGL volumes are not timely and should be
ignored until further notice.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'Comments':

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 04-28-00 daily VolsAM.xls


----- Forwarded by Jim Fallon/Enron Communications on 11/13/00 07:31 AM -----

	jperl@sempratrading.com
	11/13/00 07:00 AM

		 To: rajelpy@aol.com
		 cc: (bcc: Jim Fallon/Enron Communications)
		 Subject: New coordinates

Jay Perl
Sempra Energy Trading

phone: 203-355-5074
cell: 914-261-6025
email: jperl@sempratrading.com

****************************************************************************
This e-mail contains privileged attorney-client communications and/or
confidential information, and is only for the use by the intended recipient.
Receipt by an unintended recipient does not constitute a waiver of any
applicable privilege.

Reading, disclosure, discussion, dissemination, distribution or copying of
this information by anyone other than the intended recipient or his or her
employees or agents is strictly prohibited.  If you have received this
communication in error, please immediately notify us and delete the original
material from your computer.

Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or
SoCalGas, the utilities owned by SET's parent company.  SET is not regulated
by the California Public Utilities Commission and you do not have to buy
SET's products and services to continue to receive quality regulated service
from the utilities.
****************************************************************************


will do.


Rob,
This is Jeff.  I'm with Susan in her office listening to the call.  Hey bud,
LANDMINE!  Look at the new SoCalGas language respecting the Edison/SDG&E
contract in Section 1.9.  Whadaythink?  Write back at this address!  Are you
going to raise the issue?


Alan,

Thanks.

Vince

Alan Aronowitz
01/12/2000 09:00 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Congratulations

Congratulations on your promotion to MD!

Alan


67

george.ellis@americas.bnpparibas.com on 03/07/2001 09:39:04 AM
To: george.ellis@americas.bnpparibas.com
cc:
Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey

Good Morning,

Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.

Last Year      -37
Last Week      -101

Thanks,
George Ellis
BNP PARIBAS Commodity Futures, Inc.

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Ever wonder what happens to the ideas in the Idea Vault?  The possibilities
are almost endless, but here is how your idea might be "discovered":
Putting your idea in the Idea Vault gets it in front of everyone at Enron.
You might make a connection with someone on the other side of the world who
is working on a similar concept.
The eThink team checks regularly, and, when we know who might be able to
help, we route ideas to various people at Enron.
Various business groups check the Idea Vault in their weekly staff meetings
to see if Enron's next big initiative is waiting there.
The Enron Xcelerator is looking for fresh business initiatives, and they
might find some in the Idea Vault.

Visit the ThinkBank today and make a deposit or a withdrawal!

Tuesday, Mar. 6, at 10 a.m. Houston time, join Judy Schlesinger on eSpeak.
Judy, the manager of eSource, will be on hand to answer your questions and
explain how the eSource research group's industry specialists and resources
can help you gain a competitive advantage.

If you attended or watched the all-employee meeting on Feb. 21, you heard
Jeff and Ken introduce our new vision "To Become the World's Leading
Company."  What do you think it will take to make this happen?  Share your
ideas in the new eMeet category:  "The World's Leading Company:  What Will it
Take?"


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.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude53.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas53.pdf

Feb. WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clg-qog.pdf
Feb Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Feb Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUH-HOH.pdf
Feb/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUG-HUK.pdf
Feb/July Crude oil Spread
http://www.carrfut.com/research/Energy1/CLG-CLN.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG53.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG53.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL53.pdf

Scott Mollner Recommendation
http://www.carrfut.com/research/Energy1/recom1-10-02.pdf


yes maam.  GOOD LUCK!!

 -----Original Message-----
From: 	Quick, Joan
Sent:	Friday, April 26, 2002 1:35 PM
To:	Germany, Chris
Subject:

i have 2 binders on top of a filing cabinet.  not sure if you are interested, but stop by sometime and pick up.


The name of the plant I told you about last week is DURANTA.

Think you will want it??

----- Original Message -----
From: Tana Jones <Tana.Jones@enron.com>
To: <pyoung@pdq.net>
Sent: Monday, August 28, 2000 8:28 AM
Subject: An Update

>
>
> That job I passed on your resume to in our group, I checked, and they
still
> haven't started interviewing people yet, since Barbara is on vacation
dropping
> her daughter off at college.
>
>


The target date specified in an open audit observation has been reached.   Click on the document link below to view the observation / action step(s).  Please provide action step implementation detail along with completion date and submit return response to Donna Lowry.  If you should have any questions relating to this audit, please call the Observation Contact listed in the following observation (document link).  Thank you.  NOTE:  EACH E-MAIL REPRESENTS A SEPARATE AUDIT OBSERVATION.
Click on this link to view document -->

<Embedded StdOleLink>


Let me make this clear: Accenture is not to speak to anyone other than ourselves regarding what they are doing with EnronOnline. We ahve too much at stake right now.

Thanks
AZ


COLORADO DEPARTMENT OF STATE, CORPORATE/LTD PARTNERSHIP RECORD

NAME: MISAKO RESOURCES, INC.

TYPE: DOMESTIC PROFIT (IN COLORADO)

STATUS: IN GOOD STANDING

FILING-DATE: 09/13/1994

DURATION: PERPETUAL

STATE OF INCORPORATION: COLORADO

ADDRESS: 1361 S CLAYTON ST
??????????DENVER, CO 80210

REGISTERED AGENT: GOOD RAYMOND L

???????CURRENT AGENT APPOINTED: ?08/20/1997

REGISTERED OFFICE: 1361 S CLAYTON ST
????????????????????DENVER, CO 80210

ANNUAL-REPORT:

	CURRENT REPORT/NO:	01/12/2001	20011009131

	PRIOR REPORT/NO:	11/03/1998	19981196485

	PRIOR REPORT/NO:	08/20/1997	19971132752

CAPITAL/STOCK:

	CLASS	PAR VALUE	SHARES/AUTH	SHARES/ISSUED

1.	COMMON	0.0500?	100,000??	0? ?

NUMBER: 19941102497

OFFICERS: ?
?
????GOOD RAYMOND
????PRESIDENT
????1361 S CLAYTON ST
????DENVER, CO 80210

DIRECTORS: ?
?
????GOOD RAYMOND
????1361 S CLAYTON ST
????DENVER, CO 80210

HISTORY: ?
?
?? 1.?DATE:?????????09/13/1994
??????TRANSACTION:??ARTICLES
OF INCORPORATION
??????COMMENT:??????MISAKO RESOURCES, INC....
??????DOCUMENT NO: ?19941102497
?
??
2.?DATE:?????????08/20/1996
??????TRANSACTION:??REPORT
??????COMMENT:??????C
R - 09/01/96 - 11/30/96...
?
??
3.?DATE:?????????12/19/1996
??????TRANSACTION:??REPORT
??????COMMENT:??????C
R - 12/31/96 - DA 02/28/97...
?
?? 4.?DATE:?????????03/01/1997
??????TRANSACTION:??DISSOLVED CORPORATION
?
?? 5.?DATE:?????????08/02/1997
??????TRANSACTION:??DISSOLVED CORPORATION
??????COMMENT:??????A DISSOLVED COLORADO CORPORATION, 1997...
?
??
6.?DATE:?????????08/20/1997
??????TRANSACTION:??REINSTATEMENT
??????DOCUMENT
 NO: ?19971132752
?
??
7.?DATE:?????????08/20/1997
??????TRANSACTION:??ARTICLES OF AMENDMENT
??????COMMENT:??????DF1...
??????DOCUMENT NO: ?19971132752
?
??
8.?DATE:?????????08/20/1998
??????TRANSACTION:??REPORT
??????COMMENT:??????C
R - 09/01/1998 - 11/30/1998...
?
??
9.?DATE:?????????08/18/2000
??????TRANSACTION:??REPORT
??????COMMENT:??????P
R - 09/01/2000 - 11/30/2000...
?
??10.?DATE:?????????12/21/2000
??????TRANSACTION:??REPORT
??????COMMENT:?
?????PR - 12/31/2000 - DA 02/28/2001...
?
??11.?DATE:?????????11/03/1998
??????TRANSACTION:??REPORT
??????COMMENT:?
?????PERIODIC REPORT...
??????DOCUMENT NO:
?19981196485
?
??12.?DATE:?????????08/20/1997
??????TRANSACTION:??REPORT
?
?????COMMENT:??????PERIODIC REPORT...
??????DOCUMENT NO: ?19971132752

CALL LEXIS DOCUMENT SERVICES FOR ALL YOUR CORPORATE NEEDS. 800-634-9738 ?

Eric Gillaspie
713-345-7667
Enron Building 3886


Winston,
I am sending you the documentation on the new methodology for creating ffvols
from implied vols. This methodology requires some minimization procedure
to fit the given vol curve with a smoothing function. I am sending you the
code I wrote that performs minimization with simulated annealing method from
Numerical Recipes.

We might need to discuss some details. Please, let me know if you have
questions.

Tanya.


The purpose of this survey is to gather information regarding Enron's current employee and community services programs.  Your feedback is extremely important. This survey may take at least 5 minutes.

Experiencing technical problems?  If this link does not automatically launch the questionnaire:
1.  Launch by copying the link below into your browser, or
2.  If you continue to have technical difficulties, please send an email message to human resources@enron.com. (Please leave the space between human and resources).
3.  Please do not forward this link to anyone else, as it is unique for each respondent.

http://etcsurvey.corp.enron.com/wi/p0537666/i.asp?r=8243&s=NCOKVPCJ&l=9


I should have pointed out that one of our questions to the ISO is based  on protected material.  So nobody who has not signed the protective order  in this proceeding should open or read that file.


I am available on the 7th and I have put it on my calender. Let me know if
the date changes.

	Stephanie Harris@ENRON
	05/19/2000 03:09 PM

		 To: Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard B
Sanders/HOU/ECT@ECT, James Derrick/Corp/Enron@ENRON, burdine@hagans-bobb.com
		 cc:
		 Subject: Hagans, Bobb & Burdine

Bob and Richard:

Mr. Derrick has asked me to ask you if you would like to join he, Scott
Burdine and Fred Hagans for lunch on Wednesday, June 7, 2000.  The new firm,
Hagans, Bobb & Burdine, is interested in becoming more involved in Enron's
litigation.

Please let me know your availability so that I may coordinate with the
Hagans, Bob & Burdine firm.

Thank you,

Steph. Harris


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/15/2000 04:26
PM ---------------------------

Roseann Engeldorf
08/15/2000 08:47 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Revised Purchase Option Assignement and Assumption Agreement

Would you like a look?

Rose
---------------------- Forwarded by Roseann Engeldorf/Corp/Enron on
08/15/2000 08:46 AM ---------------------------

"ROB TAYLOR" <TAYLR@andrews-kurth.com> on 08/14/2000 05:41:55 PM
To: <Roseann.Engeldorf@enron.com>, <toxley@winston.com>
cc:

Subject: Revised Purchase Option Assignement and Assumption Agreement

As I mentioned in my voice mail to Tim and as discussed with Rose, attached
are clean and marked (against the form of Exhibit attached to the S&S ADA)
drafts of the Purchase Option Assignment and Assumption Agreement.

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

Regards,

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

Tel:  (713) 220-4436
Fax:  (713) 238-7273

robtaylor@andrews-kurth.com

This e-mail (and any attachment(s) hereto) is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail (and any attachment(s) hereto) is strictly
prohibited.  If you have received this e-mail in error, please immediately
notify me at (713) 220-4436 and permanently delete the original and any copy
of such e-mail and destroy any printout of such e-mail.

 - AssignAs.DOC
 - Purchase.DOC


You are so wonderful.  I am truly privlidged to work with you.

OK.  I would like for you to send Mr. Porter the remaining storage balance
every other day and copy me - something like this.

Date  1/7/2001
Balance 3,495,871

And I would do it on a 2 day lag like this, today is the 9th, give him the
balance for the 7th.

Or maybe you are doing this already?


Daren,

FYI.

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 06/22/2000 11:42
AM ---------------------------

Vance L Taylor
06/21/2000 04:07 PM
To: Robert Cotten/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT
Subject: July Production Estimate

Bob,

Please see the attached file estimating wellhead production for the month of
July.  Please be advised that this is a preliminary estimate as to this date,
we have received only two noms for July.  I will update you with any
revisions as they occur.

Thanks,

vlt
x3-6353


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000
05:39 PM ---------------------------

"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/15/2000 02:32:57 PM
To: pallen@enron.com
cc:
Subject: Daily Duties

      Phillip,
           We have been working on different apartments today and having to
listen to different, people about what Mary is saying should i be worried?
ants seem to be invading my apartment.You got my other fax's Wade is working
on the bulletin board that I need up so that I can let tenants know about
what is going on.Gave #25 a notice about having to many people staying in
that apt and that problem has been resolved.Also I have a tenant in #29 that
is complaining about #28 using fowl language.I sent #28 a lease violation we
will see how that goes
                                                  call you tomorrow
                                           Thanx Lucy
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


You are scheduled to attend:

Derivatives I - Applied Energy Derivatives
Class Days and Times:
  7/11/2000  08:00:00 AM - 05:00:00 PM
  7/12/2000  08:00:00 AM - 12:00:00 PM
Room # & Location: EB552,  Houston
Participant Fee: $ 800
Note: If available, please bring a financial calculator with you.

If you are unable to attend this class, the registration must be canceled by
5:00 p.m. on  July 6, 2000 to prevent a charge of $ 800 to your RC number.

 We look forward to seeing you at 08:00:00 AM on July 11 - 12, 2000.  Please
call the Development Center Team at 713-853-0357 if you have any questions.

 Thank you.


Yes, Global agrees.

From: Stephanie Sever/ENRON@enronXgate on 04/24/2001 04:17 PM
To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen
Lambert/HOU/ECT@ECT
cc: Lisa Lees/ENRON@enronXgate, Tom Moran/ENRON@enronXgate
Subject: FW: Purity Ethane and Propane option Approvals - 2 product types

Tana/Kelly/Karen:

The product long descriptions below will fall under four new product types:
  US Propane Fin Opt Call
  US Propane Fin Opt Put
  US PurityEthane Fin Opt Call
  US PurityEthane Fin Opt Put

Credit (Tom Moran) has approved copying the profiles for the new product type
from the following:

  US Propane Fin Swap

Please respond no later than 10 a.m. on Wednesday, April 25.

Thank you.

 -----Original Message-----
From:  Lozano, Melba
Sent: Monday, April 23, 2001 3:22 PM
To: Taylor, Mark; Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran,
Tom; Swinney, John
Cc: Hunter, Larry Joe; Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert,
Karen; Lombardi, Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Cass,
Robert B.; Meredith, Kevin; Walker, Chris; Jackson, Lee; Gockerman, Matthew F.
Subject: Purity Ethane and Propane option Approvals - 2 product types

Your review and approval of the following product types in the EOL
Datamanager is needed (for directions on approval , please see steps for
approval at the bottom of this e-mail). If you have any questions please call
me at ext. 58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

Trader: Lee Jackson

==============================================================================

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up


would you have any interest?

---------------------- Forwarded by Greg Whalley/HOU/ECT on 06/12/2001 06:02
PM ---------------------------
From: Basil Karampelas/ENRON@enronXgate on 05/29/2001 11:55 AM
To: Greg Whalley/HOU/ECT@ECT
cc:

Subject: Resume of Randy Balhorn

Greg - here is Randy's resume. He is the guy I was telling you about on
Friday as we were walking out of the building. I think he could make Enron a
lot of money.

Basil


Due to the overwhelming demand for the Outlook demonstrations last week, we
are glad to announce additional
sessions have been scheduled.? For those of you who were not able to make it
last week, be sure to reserve
your seat soon as the sessions will fill quickly.
?
Tuesday, January 30 - Room EB5C2
Session A:? 8:00 a.m. to 9:30 a.m.
Session B:? 10:00 a.m. to 11:30 a.m.
?
Thursday, February 1 - Room EB5C2
Session C:? 8:00 a.m. to 9:30 a.m.
Session D:? 10:00 a.m. to 11:30 a.m.
?
Please email David Brehan?to make your reservation.? (You will not receive a
confirmation.)? If you have
questions pertaining to the demonstrations, please call ext. 5-3647.?
Questions about the migration or Outlook
will be answered during the sessions.
?
Please note:? These demonstrations are designed to introduce a person to
Outlook.? They are not a
substitute for training.? We recommend attending training to improve your
Outlook skills.