Sorry for the delay in getting back to you.  I never did come up with a good
solution last year to the "cat climbing the Christmas tree" problem except
fastening the glass ornaments really tight so when she climbed up inside the
tree they didn't shake off.  This year she seems content to just hide
underneath the tree and hasn't been climbing up inside it - maybe she's just
gotten too big.  I agree that the mouse traps sound mean - what about
double-sided tape?  I understand the cats hate stepping on the sticky stuff
so will leave the area alone afterwards (this was suggested as a
discouragement to jumping on kitchen countertops but might work under the
tree).  And of course, the lower branches of the tree are reserved for wooden
and metal ornaments - nothing breakable.

"Peter Knop" <Foundation@Ticonderoga.com> on 10/17/99 02:42:11 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Christmas Trees and cats

Christmas is coming again, and in reviewing our mail, I came across your
"problem".  Did you come up with any solution?? A friend of ours (non-cat
owner) suggested putting mouse traps under the tree - a couple of paw snaps
and maybe no more??  Sounded cruel to me, especially for my oldest cat (13
years).
     We have used pepper in some cases in the garden, but in the house, this
would probably be more damaging to the humans than our 4 footed friends :-)
     If you have had any luck last year, please let us know, and we can post
it on our web page which we are revising.  Others would find it interesting
and perhaps amusing as well.
     Looking forward to seeing you again this Christmas,
               Peter from Ticonderoga Farms

----- Original Message -----
From: <mtaylo1@ect.enron.com>
To: <farm@ticonderoga.com>
Sent: Friday, December 11, 1998 7:56 PM
Subject: Christmas Trees and cats

> Any suggestions on how to discourage the cat from climbing up inside the
> Christmas tree?  Of course, we put the wooden and plastic ornaments on
> the lower branches so they won't be damaged when the cat plays with them
> but when she climbs up inside the tree the upper branches wave about and
> I'm afraid the glass ornaments up there will be shaken off.
>
>


Sure:

I think that would be a great opportunity to get more insights on modeling
forward curves.
I would like to participate on both courses if possible.

Many thanks for remembering my name.
Paulo Issler.

Vince J Kaminski
11/13/2000 08:15 AM
To: Paulo Issler/HOU/ECT@ECT, Alex Huang/Corp/Enron@ENRON
cc:
Subject: Lacima Energy and Weather Derivatives Courses by Clewlow and
Strickland

Paulo, Alex,

Any interest?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/13/2000
08:22 AM ---------------------------

"Julie" <julie@lacima.co.uk> on 11/12/2000 02:05:40 PM
To: <Undisclosed-Recipient:@mailman.enron.com;>
cc:
Subject: Lacima Energy and Weather Derivatives Courses by Clewlow and
Strickland

Please find attached information?for our next two courses and  workshops:?
Energy Derivatives:? Pricing and Risk Management and
Weather Derivatives, which will be conducted in Houston and in London in  Feb
/ March 2001.? Instructors will be Dr Les Clewlow and Dr Chris  Strickland.
?
Because the course requires intense interaction, the courses will  be?limited
to a maximum of 15 people, so early registration is  encouraged.
?
If you require further information, or would like to register for either or
both?courses, please contact me via this email or our web site,?www.
lacimagroup.com
 - Energy.pdf
 - weather.pdf


Beth

Do a very short bullet presentation on the key focus for 2001 systems and
leave lots of time for everyone to grill you (I mean ask questions).


Do you hear that?

... the smallest violin in the world is playing tune.

see ya tonite

Shanna Husser@ENRON
03/03/2000 08:49 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

Ok- I'm getting pissed off.  I came in today to work on a project- only to
find out that my tax application is not set up to do what I need to do.  So-
basically i can't even start on this until someone from out support team can
come look at it- and you just don't understand- with our support team- that
could take a day or two.  See that is the problem here- in EVERY person that
I have worked with at Enron- NO ONE ever thinks ahead.  No one is a planner.
Like- I am new in this group- why did no one consider the fact that I
wouldn't have this on my desktop- and that it would take a while to get it-
especially on a Friday- when half our staff is gone- b/c it is  THEIR Friday
off!

I'm leaving at noon- and I'm not coming back- I don't care if the application
is fixed or not.  The other lady in our group- that today is her Friday off-
she isn't coming in.  See I am getting tired of the fact- that they treat
their rotators like interms around here.  That is basically what is pissing
me off.  You get all the shit work- that no one else wants to do.  You are
totally left out of the loop- like why wasn't I told b/4 6 o'clock last
night- that this needed to be done.  No respect and poor planning.  Very
dangerous combination.  And I'm tired of it .  It is quickly approaching the
time to find a new profession.

OK- enough venting for this morning.  Sorry- I am sure I will be in a much
better mood when I see you tonight

SH


6/6/2001 Wed

NOTICE: TODAY WE HAVE HAD A PROBLEM WITH OUR TOLL FREE NUMBER, IF YOUR UNABLE ABLE TO GET THROUGH PLEASE CALL THE  DIRECT LINE (415) 721-1084 WE SHOULD HAVE THIS REPAIRED IN THE NEXT
24 HOURS.

Notice: If any clients or potential clients that are getting duplicate e-mails just reply to this, and let us know and we will remove the extra recaps. If anyone feels that they may be
receiving these in error please kindly reply to have you removed from the list and we are sorry for any trouble we caused you.

IF ANYONE WHO DID NOT GET THE "PDF" FILE ATTACHMENT SHOWING THE THREE YEAR
LONG TERM NUMBERS AND FULL CFTC DISCLOSURE DOCUMENT PLEASE E-MAIL
OR CALL TOLL FREE (800) 773-1713 AND WE WILL RESEND IT RIGHT AWAY

Here were todays trades

"Swing" S/P full size

B 1267.50 open trade 6/4
s  1282.00 close trade 6/6
+14.5=$3,625.00
-------------------------------------------------------------------------------------------
S 1282.00 open trade 6/6 open equity on close @ 1273.00   "trade still open"
+9.0=$2,250.00
-------------------------------------------------------------------------------------------
E-Mini
B 1267.25 open trade 6/4
s  1280.00 close trades 6/6
+12.75=$637.50
-------------------------------------------------------------------------------------------
S 1280.00 open trade 6/6 open equity at close @ 1273.50    "trade still open"
+6.5=$325.00
-------------------------------------------------------------------------------------------
Mini Nasdaq
B 1858.50 open trade 6/5
s  1918.00 close trade 6/6
+60.0=$1,200.00
-------------------------------------------------------------------------------------------
S 1918.00 open trade 6/6 open equity at close @ 1909.00    "trade still open"
+9.0=$180.00
-------------------------------------------------------------------------------------------
No bonds today

Commentary:

Today price action was right on the money. The calculations that our computer model was reading into the last thirty min of the cash market yesterday, was right on the marker!!!
We did infact get short on the open. Its very rare that we do have trend change orders on the open, but they do happen every sixty days or so. If we had a open above 1283.90 that would
of been our new entry. But we did have a slight gap down that was below that level so the computer showed the entry at the first print. We now off set our long with a respectable
profit and show a real sweet open short going into the close.

Today in the cash market we found out that a great deal of calls were sold at the CBOE by market makers. The bias is now that the Dow from the open has a 70-100 pt upside and a max 500
pt down side at this time frame. As of the close we "think" that we may see the levels of 1266.00,1264.00,1262.00 before a bounce. "If " we can break 1258.00 then we have a chance to
1244.00. This is the area that may show signs of a temp bottom.

Where do we go from here? Based on four up days in the Dow the Market is showing signs of getting tired and as we move into the bal of the week "we" think that the cash market prefers
not to be long over this weekend coming up. I am leaning to seeing those first support levels before any bullish activity before the market tells us otherwise.

Until tomorrow.

Jerry

For those of you who know me and we have spoken before. Then its no surprise for me to reiterate my (montra) about trading systems that are available to the retail public. Since I was
introduced to "SYSTEM TRADING" back in 1994.00 and have never looked back, I am more convinced that this is the only way to trade the futures markets for long term success. However I
also feel very strong that if anything is good in a computerized non subjective trading program, and that if its going to have any real long term longevity to it, (then why would
anyone sell it?) The fact is from my perspective that anything with real value is kept propritiary or its under management just as our system is.

I found this section in the June edition of Futures magazine, go to page #52 in the middle of the page is a observation from them on tracking systems. And I quote "ALMOST ALL
SUCCESSFUL SYSTEMS THAT WE TRACK ARE LONGERTERM TREND FOLLOWERS OR EXTREMELY SHORT-TERM STOCK INDEX TRADERS. (THE CONSISTENT SHORT-TERM SWING SYSTEM HAS YET TO BE DEVELOPED.) Un quote.
Well folks the fact is yes it has been developed, its just not for sale? I guess traders will just half to settle for being part of a managed acct with us that has shown to make money.

For those potential clients that are following us one very important aspect of our system is that it feeds on a great deal of data that is transmitted from the cash market. And both
technical and cash data is calculated inorder to confirm trend changes.We have our computer models take a look back every hour on the half hour to re check if any trend changes have
been violated regardless of where the futures are.

What most of the retail public has is no idea that infact all the large firms both equity's and futures have there own (platforms) and there own (systems). Its been proven that as long
as one has a sound trading methodology that is coded and it can be looked and judged over long time frames, this is the ONLY way to make gains that can show year after year. Human
intervention has created more losses in the futures markets than I care to think of. It never fails that I talk to traders every day who pound there chest on what they did "today" but
whats more important is to look at what one has done over lets say a three year time frame. This is the secret for long term success.

On the E-mail that has been sent out in the last few weeks on the new market starting 8/21/2001 "Single Stock futures" This will be very exciting for us due to the fact that we will be
one of the first firms in the country to offer this new market in a Managed program with the underlying trading methodology stemming from computer based models. The large firms will
have access to this market first then the retail public will begin 12/21/2001. As long as there are no problems that surface with the CFTC and SEC then Dec looks good.

For those of you who are not aware of the back ground of our programmers they have a history in the Futures and Equity side of the industry from institutional firms that are all
computer based with there own trading programs.

Again for those traders who are not aware of this market we will be able to trade futures on single stock issues. For example IBM will have a contract that will have 100 shares in a
contract. And that will have a life of 90 days just like the current four trading contract months per year. For more details on this market see details below.

CBOE Create Joint Venture on Single-Stock Futures World's Two Largest Equity Derivatives Exchanges to Create For-Profit Company CBOT to Join With Limited
Stake CHICAGO, May 14, 2001

 - The world's largest options exchange and the largest futures exchange in the U.S. are teaming up to introduce a highly anticipated new product - single-stock futures contracts. The
Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange Inc. (CME) today signed a letter of intent to create a joint venture to introduce single-stock futures, following
approval by the boards of directors of both exchanges. The Chicago Board of Trade (CBOT) has also agreed to participate in the joint venture with a limited stake. Legislation signed
into law in December will allow the introduction of single-stock futures by U.S. financial exchanges later this year, after an 18-year prohibition on the products. "Today's
announcement highlights the innovation and entrepreneurial spirit among Chicago's exchanges," said CBOE Chairman and Chief Executive Officer William Brodsky. "This exciting new
initiative combines the best of securities and futures trading. Our willingness to work together on this venture will ensure that Chicago remains the world's center in derivatives
trading and risk management." "The creation of this joint venture recognizes the tremendous synergies of CME and CBOE, making us a formidable competitor in the global marketplace for
single-stock futures," said CME Chairman Scott Gordon. "Our complementary customer bases of retail and institutional investors will benefit from the efforts of all three Chicago
exchanges to establish deep pools of liquidity in these products." "I am enthused that Chicago's exchanges have worked so well together to understand and address our customers' needs
and our members' concerns," said CBOE Vice Chairman Mark Duffy. "We have designed a product that, I believe, will appeal to our customers, and a business structure that will provide
great benefit to our members." "Our largest customers have emphasized the importance of collaboration between the CBOE and CME to combine the capabilities, distribution and
connectivity of the futures and securities worlds," said CME President and Chief Executive Officer Jim McNulty. "This alliance should also provide the highest level of capital
efficiency for our customers who trade in both futures and options." "The CBOT is pleased to work with the leadership of CBOE and CME in this initiative to bring this exciting new
product to our markets," said Nicholas Neubauer Chairman of the Chicago Board of Trade. "The involvement of our members and the access to our customers will make important
contributions to the success of this venture." The joint venture will be a for-profit company, will have its own management and board, and will be separately organized as a regulated
exchange. Single-stock futures will be traded electronically, and orders may be entered through both the new CBOEdirectTM electronic platform and CME's GLOBEX?2 electronic trading
system. CME and CBOE officials said they are engaged in negotiations with the Options Clearing Corporation (OCC), which clears all CBOE transactions, to clear the new products. McNulty
said the negotiations contemplate CME becoming a special clearing member of OCC to provide access for CME clearing members who are not members of the OCC. The exchanges anticipate
contracting with Designated Primary Market-Makers (DPMs) in these products and expect that the board appointed to govern the joint venture will determine the eligibility criteria,
selection process, rights, privileges and duration of such arrangements. Single-stock futures are expected to bring new efficiencies to securities trading, securities lending and
corporate hedging activities. CME and CBOE officials said they also expect to develop rules that would accommodate block trading and exchange-for-physicals (EFPs). The Chicago Board
Options Exchange created and launched the first listed options on stocks in 1973 and the first index options in 1982. Today, CBOE lists options on more than 1,500 stocks and on over 40
indexes, such as the S&P 500, the Dow Jones Industrial AverageSM, the Russell 2000, the Nasdaq-100, and the S&P 100. It remains the world's largest and most successful options
marketplace. Chicago Mercantile Exchange Inc. launched the first successful stock index futures contracts on the S&P 500 in 1982. Today, CME trades futures and futures options on
indexes including the S&P 500, Nasdaq-100, S&P MidCap 400, Russell 2000, FORTUNE e-50? , S&P/BARRA Growth and Value Indexes, and Nikkei 225, as well as its electronically traded E-mini
S&P 500 and E-mini Nasdaq-100 contracts - the fastest growing products in the exchange's history. CME also trades interest rate, foreign currency and agricultural commodity products.
On November 13, 2000, CME demutualized and became a for-profit, shareholder-owned corporation. CBOE is regulated by the Securities and Exchange Commission (SEC). CME is regulated by
the Commodity Futures Trading Commission (CFTC). Additional information about the CBOE and CME can be found at their respective Web sites: www.cboe.com and www.cme.com.

If anyone who would like to chat in more detail on our CTA managed accts please dont hesitate to call me at toll free (800) 773-1713

Thank you

Jerry Jacobs
C.T.A.

IF ANYONE WHO DID NOT GET THE "PDF" FILE ATTACHMENT SHOWING THE THREE YEAR
LONG TERM NUMBERS AND FULL CFTC DISCLOSURE DOCUMENT PLEASE E-MAIL
OR CALL TOLL FREE (800) 773-1713 AND WE WILL RESEND IT RIGHT AWAY

RISK DISCLOSURE STATEMENT

THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL.  YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.  IN
CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:

IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS.

IF YOU PURCHASE OR SELL A COMMODITY FUTURE OR SELL A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR
BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION.  IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN
FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION.  IF YOU DO NOT PROVIDE THE REQUIRED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU
WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.

UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION.  THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A "LIMIT MOVE".  THE PLACEMENT OF
CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A "STOP-LOSS" OR "STOP-LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS
MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION.  THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS
WELL AS FOR YOU.  THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES.  IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES
TO MAKE SUBSTANTIAL TRADING PROFIT TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS.  THIS DISCLOSURE DOCUMENT CONTAINS AT PAGE SEVEN A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED
TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS.  YOU SHOULD THEREFORE CAREFULLY STUDY THIS DISCLOSURE DOCUMENT AND COMMODITY
TRADING BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT AT PAGE FIVE.

YOU SHOULD ALSO BE AWARE THAT THIS COMMODITY TRADING ADVISOR MAY ENGAGE IN TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS.  TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES
INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION.  FURTHER, UNITED STATES REGULATORY AUTHORITIES
MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED.  BEFORE YOU TRADE
YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS
AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.

THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR'S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS.  YOU MUST PLACE ALL FUNDS FOR
TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT.

Global Financial
93 Partridge Dr.
San Rafael Ca. 94901
800 773-1713
415 721-1084 direct
415 457-5088 fax


In case folks haven't already heard through other sources, a reliable person
told me that PG&E is hedged for core gas requirements:

financial--for 45% of core volumes at prices "in the single digits/decatherm"
physical--for 15% of core volumes (via storage) at prices "less than the
financial hedge"

SDG&E is naked.

SoCalGas is likely in the same boat as SDG&E, or worse, since they optioned
core's storage gas to noncore customers, and, those customers are exercising.


Dear Mark and Geir,

I ran the audit viewer for deal # 521304.1 sale to Reliant and Mark Guzman's
name came up as the person who added the strip for HE 18- HE 19.  (that means
Mark or Geir).  As this is on the verge of a real - time shift change and I
can find no notes in either of your books regarding a sale to Reliant, could
you both please look in your logs and notes and at the Inc sheets and tell me
who did the deal and who at Reliant you spoke to.  They are not showing this
purchase from us.   Please also advise if the deal is in but under a
different counterparty so that we can make proper changes.

When you respond to this e-mail, please be sure to Cc: Joy Werner in Houston
as this matter needs to be cleaned up ASAP.

Thanks,

Virginia


Next Steps

Resumes 1/10/01 in WDC.  Enron will continue to attend.

In the Room

Reliant submitted its proposal for blended rates and determining the real gap
between a blended wholesale price and potential retail rates. Reliant showed
that the gap is potentially quite small.
Reliant's effort was to move us away from the "Sharing the Pain" concept
offered by PG&E.
Enron again requested utility ideas for a quid pro quo, assuming any deal
could be struck.
Judge requested additional info from ISO and PX on market shares -- several
marketers explained their concern (e.g. Morgan Stanley, Merrill Lynch,
Avista) that this request gave credence to the "Pain" allocation proposal and
refused to give permission to release their data.  Enron said it was checking
on whether to release the data, but had the same concerns as the other
marketers on the principles.
Judge decided to use a joint statement for his report (see attached) to the
public. The statement was agreed to, in large part, by the participants.
Judge mentioned that 40% of the A/S market is apparently held by three
municipal/alien utilities.
Judges order urges participation by these parties.

Out of the Room

More bilateral discussions between utilities and gens.
Marketers discuss whether to continue to stay in the room and participate.


Northwest Natural Buys Enron Unit For $1.9 Billion in Cash and Stock
The Wall Street Journal, 10/09/01
NORTHWEST NATURAL GAS ANNOUNCES DEAL WITH ENRON
The New York Times, 10/09/01
COMPANIES & FINANCE THE AMERICAS - Enron to sell utility - NEWS DIGEST.
Financial Times (U.K. edition), 10/09/01
COMPANIES & FINANCE UK: Budge digs deep and saves Hatfield Colliery
Financial Times; Oct 9, 2001

Enron Sells Oregon Utility
The Washington Post, 10/09/01

Enron Seals deal to sell Portland General utility
Houston Chronicle, 10/09/01

United States
The Globe and Mail, 10/09/01
CoalPower buy
The Independent - London, 10/09/01
NW Natural Gas Chmn & CEO
CNNfn: Street Sweep, 10/08/01

CHINA: PetroChina to boost gas output in southwest.
Reuters English News Service, 10/09/01

Northwest Natural Buys Enron Unit For $1.9 Billion in Cash and Stock
By Robin Sidel
Staff Reporter of The Wall Street Journal

10/09/2001
The Wall Street Journal
A4
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Corp., as expected, agreed to sell its Portland General Electric utility to Northwest Natural Gas Co. for nearly $1.9 billion in cash and stock in a transaction that will unite the largest gas and electric utilities in Oregon.
Northwest Natural also is expected to assume $1.1 billion in debt. For Enron, the move comes about five years after it bought Portland General as part of a plan to break into the nation's deregulating power markets. Since then, Enron has backed away from that strategy, in part because of the California energy crisis. Enron agreed to sell the utility to Sierra Pacific Resources, of Reno, Nev., for about $2 billion in 1999, but that transaction fell apart this year.
Meanwhile, little-known Northwest Natural, of Portland, Ore., is betting that buying Portland General's operations will give it more muscle on its home turf. The combined company, with $5 billion in assets, will have more than 1.25 million electric and gas customers and will own more than 2,000 megawatts of generation, 26,000 miles of electric transmission and distribution lines, as well as 12,000 miles of gas lines. Northwest Natural supplies natural gas to more than 500,000 residential and business customers in Oregon and Vancouver, Wash. Portland General is an electric utility serving more than 1.4 million customers in Oregon.
Terms of the transaction call for Enron to receive $1.55 billion in cash, $200 million in Northwest Natural preferred stock, and $50 million in Northwest Natural common stock. Enron has agreed to hold the securities for at least 2 1/2 years. The common equity stake will give Enron voting rights amounting to 4.9% of the total number of Northwest Natural shares outstanding. Enron, a Houston energy-trading concern, also will receive as many as two seats on Northwest Natural's board, which has 12 members and the authority to boost that number to 13. It isn't clear if Enron would seek two seats.
"This sale is consistent with our overall objective of selling assets that are not strategic to our wholesale and retail energy business," said Kenneth L. Lay, Enron's chairman and chief executive.
The cash portion of the transaction will be raised through loans arranged by Merrill Lynch & Co. , of New York, and Credit Suisse First Boston, a unit of Switzerland's Credit Suisse Group. Enron was advised by Credit Suisse First Boston, and Northwest Natural's financial adviser was Merrill Lynch.

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

Business/Financial Desk; Section C
COMPANY NEWS
NORTHWEST NATURAL GAS ANNOUNCES DEAL WITH ENRON
AP

10/09/2001
The New York Times
Page 4, Column 1
c. 2001 New York Times Company

As expected, Northwest Natural Gas said yesterday that it would buy Portland General Electric from the Enron Corporation for $1.55 billion in cash and $350 million in securities in a deal to combine the largest natural gas and electric utilities in Oregon. Northwest Natural said it expected to close the purchase late next year, pending approval by regulators and its shareholders. An undetermined number of jobs will be cut.

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

COMPANIES & FINANCE THE AMERICAS - Enron to sell utility - NEWS DIGEST.
By SHEILA MCNULTY.

10/09/2001
Financial Times (U.K. edition)
(c) 2001 Financial Times Limited . All Rights Reserved

Enron, the US energy giant, has agreed to sell electricity utility Portland General Electric to Northwest Natural Gas for $1.88bn. NW Natural, a regional utility, will also assume about $1.1bn in PG debt and preferred stock. Enron had been seeking to dispose of the utility for some time because it is no longer core. It is also attempting to dispose of up to $5bn in other assets - primarily international infrastructure projects in developing countries where Enron believes there is little chance of building its wholesale and retail business around them. Sheila McNulty, Houston.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

COMPANIES & FINANCE UK: Budge digs deep and saves Hatfield Colliery
Financial Times; Oct 9, 2001
By ANDREW TAYLOR

Brian Wilson, energy minister, yesterday welcomed the decision to restart coal production at Hatfield Colliery following the mine's rescue by Richard Budge, former chief executive of UK Coal. The Coal Authority, responsible for licensing mining, formally approved the takeover of Hatfield by Mr Budge's new company, Coal Power, paving the way for production to restart next month. Mr Budge, who earlier this year was ousted as UK Coal's chief executive, beat his former company and Enron, the US energy group, to buy Hatfield for about Pounds 5m. He was last month named preferred bidder for the colliery which went into liquidation in August. The government, in a bid to keep the pit alive, provided Pounds 6.69m of aid.
Hatfield is estimated to have coal reserves of 15m-23m tonnes. Recent rises in gas prices with more competitive electricity trading have encouraged generators to switch to more flexible coal-fired plant. Sales of domestically produced coal had risen by 20 per cent in each of the past three years, while prices paid by power stations had risen from Pounds 22.50 a tonne 18 months ago to about Pounds 35, said Mr Budge.

Financial
Lehman Buys N.Y. Building

10/09/2001
The Washington Post
FINAL
E02
Copyright 2001, The Washington Post Co. All Rights Reserved

Enron Sells Oregon Utility
Enron agreed to sell Portland General Electric to Northwest Natural Gas for $2.9 billion in cash, stock and assumed debt, ending a more than two-year effort to shed its Oregon utility. Enron no longer needs Portland General to sell electricity in the West and wants to spend its money on more promising businesses, chief executive Ken Lay said.

http://www.washingtonpost.com
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Oct. 9, 2001
Houston Chronicle
Enron seals deal to sell Portland General utility
By LAURA GOLDBERG
Copyright 2001 Houston Chronicle
Investors reacted positively to Enron Corp.'s announcement Monday that it sealed a deal to sell utility Portland General Electric for almost $1.9 billion.
Shares in the Houston-based energy traded finished the day up $1.72 at $33.45.
"It's definitely an important catalyst for the stock," said Raymond Niles, an analyst who follows Enron for Salomon Smith Barney.
Northwest Natural Gas Co. agreed to buy Portland General from the Houston-based energy trader, which has been trying to sell the utility for months.
Under the deal, Enron is to receive $1.55 billion in cash, $200 million in NW Natural preferred stock and $50 million in NW Natural common stock.
NW Natural will take over Enron's $75 million balance toward consumer rate cuts Enron agreed to when it bought Portland General in 1997.
In addition, NW Natural, based in Portland, Ore., will assume about $1.1 billion in Portland General debt and preferred stock.
The common equity stake in NW Natural will give Enron voting rights limited to 4.9 percent. Enron, which has agreed to hold its securities in NW Natural for at least 2 1/2 years, also will receive up to two board seats.
The deal, subject to regulatory approvals, is expected to close by the fourth quarter of 2002.
It's the second time Enron reached a deal to sell Portland General. Nevada-based Sierra Pacific Resources agreed to buy the utility in November 1999.
The deal, valued at about $2 billion plus assumption of $1.1 billion debt and preferred stock, was officially called off in April, although it had been considered dead months before.
Sierra Pacific planned to sell some of its Nevada assets to raise cash for the deal, but Nevada's move to electricity deregulation was delayed and Sierra couldn't carry out the sales.
NW Natural is Oregon's largest natural gas utility, with more than 525,000 customers in northwest Oregon and southwest Washington.
Portland General serves more than 730,000 customers and owns 2,015 megawatts of electricity generation.
Enron is moving away from owning large physical assets so it can focus on trading and making markets in a variety of commodities.
"This sale is consistent with our overall objective of selling assets that are not strategic to our wholesale and retail energy business," Ken Lay, Enron's chairman and chief executive, said in a statement.
Enron bought the utility in 1997 in a deal worth $2 billion, plus it assumed $1.1 billion in debt and preferred stock.
The NW Natural deal represents "a break-even transaction from a gain-loss standpoint," Enron spokeswoman Karen Denne said.
Enron could use the proceeds to pay down debt, repurchase stock or invest in the company's high-growth businesses, she said.
Enron, when the deal gets closer to completion, must assure investors that the money will be invested in a higher-return opportunity to avoid earnings dilution, said Carol Coale, an analyst with Prudential Securities in Houston.
Investor confidence in Enron suffered after CEO Jeff Skilling, citing personal reasons, unexpectedly resigned in August. Even before then, Enron's stock had come under pressure for a variety of reasons.
The Portland General deal "should add one notch in management's credibility belt," Coale said, adding: "They have several notches to go."

Report on Business: The Wall Street Journal
WHAT'S NEWS
United States
Wall Street Journal

10/09/2001
The Globe and Mail
Metro
B15
"All material Copyright (c) Bell Globemedia Publishing Inc. and its licensors. All rights reserved."

Enron Corp. agreed to sell its Portland General Electric utility to Northwest Natural Gas Co. for nearly $1.9-billion (U.S.) in cash and stock in a transaction that will unite the largest gas and electric utilities in Oregon. Northwest Natural is also expected to assume $1.1-billion in debt. For Enron, the move comes about five years after it bought Portland General as part of a plan to break into deregulating U.S. power markets. Since then, Enron has backed away from that strategy, in part due to the California energy crisis.

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

Business
CoalPower buy

10/09/2001
The Independent - London
FOREIGN
21
(Copyright 2001 Independent Newspapers (UK) Limited)

COALPOWER, THE company set up by the former chief executive of RJB Mining, Richard Budge, has bought and reopened the Hatfield coal mine in South Yorkshire, four weeks after it was mothballed. "The mine has re-opened and we have got men underground now," said CoalPower. CoalPower, which was named the preferred bidder by the Government a month ago, beat Enron and UK Coal to buy Hatfield.

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

Business
NW Natural Gas Chmn & CEO
Susan Lisovicz

10/08/2001
CNNfn: Street Sweep
(c) Copyright Federal Document Clearing House. All Rights Reserved.

SUSAN LISOVICZ, CNNfn ANCHOR, STREET SWEEP: As we told you earlier Enron (URL: http://.www.enron.com/) has agreed to sell its Portland General Electric unit to Northwest Natural Gas (URL: http://www.gasco.com/) for $1.9 billion. Richard Reiten is chairman and CEO of Northwest Natural Gas. He joins us from Portland, Oregon to discuss the deal. Welcome and congratulations.
RICHARD REITEN, CHMN & CEO, NORTHWEST NAT. GAS: Thank you.
LISOVICZ: Well the investors have spoken and so far it`s negative. Your stock is down about 40 cents. Why do you think the market`s not thrilled about what they`ve heard so far?
REITEN: Well I don`t think being down 40 cents is really any indication in a market like today. In fact we`ve got a great transaction. Good for us, Northwest Natural Gas and certainly good for Enron. We`re able to create a five billion asset company headquartered here in Oregon. It`s going to have great growth as well as great shareholder value for Northwest National shareholders. So it`s a combination gas and electric company being created. Really we`re very excited about it.
LISOVICZ: $1.9 billion in cash and stock. Fair price?
REITEN: Yes. Fair for us and fair for Enron. It gives us great cash flow, great accretion to our earnings in the first year, a transaction that I think really benefits both parties.
LISOVICZ: Will it be accretive to the bottom line in the first year?
REITEN: Yes it will.
LISOVICZ: OK. Tell me what shareholders can expect immediately if anything.
REITEN: Well it`ll take a year for regulatory approval, nine to 12 months anyway. And then our first year as a combined company will most likely be 2003. We made it clear to our investors and shareholders that the transaction will be accretive in the first year even applying the old accounting rules amortizing good will. Without the good will amortization it`s double digit accretive. So it`s a very good transaction for us and our shareholders.
LISOVICZ: How did gas prices play into this? Did they speed up or did -did they influence at all how these talks proceeded?
REITEN: No they did not. You know gas prices have been declining rather dramatically over the last three months from highs over the previous year. But they`re coming down now and will be more moderate we think out over the next year but didn`t play any role in this. We passed through the gas cost without margin to our customers as most local gas distribution utilities do. They will play a real role because we could bring the gas supply asset storage and so on of our company to Portland General Electric`s gas-fired generation. So the combination of those assets are really a powerful set.
LISOVICZ: What was most attractive about this property?
REITEN: Well I think you have a almost total overlap of geography. Eighty percent of Portland General Electric`s customers are located inside Northwest Natural Gas service territory. Ninety five percent of the assets are all in Oregon. We have a small gas distribution property in southwest Washington. But there`s terrific overlap, a lot of savings for customers as we move forward to bring the companies together and certainly the accretion for our shareholders as well.
LISOVICZ: OK. Richard Reiten, the chairman and CEO of Northwest Natural Gas. Congratulations. Thanks for joining us.
REITEN: Thank you very much.

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

CHINA: PetroChina to boost gas output in southwest.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

BEIJING, Oct 9 (Reuters) - China's oil major PetroChina has made three natural gas discoveries this year in the southwest Sichuan Basin and aims to boost output in the area by 50 percent, company officials said on Tuesday.
Natural gas output in the Sichuan Basin was expected to rise to 12 billion cubic metres (bcm) in 2005 from 8.0 bcm in 2000, an official of PetroChina's subsidiary, Southwest Oil and Gas Co, said from the Sichuan capital of Chengdu.
To fulfil this target, the southwest company would add an annual gas production capacity of 4.2 bcm over the next four years, which would be focus on the Datianchi and Baimamiao gas fields, the official told Reuters.
"The gas recovery rate in Sichuan basin was not very high. We will try hard to incease our production capacity in the coming years," he said.
The Sichuan Basin is PetroChina's biggest gas producing area.
The three discoveries PetroChina made so far this year in Sichuan had a combined possible gas reserves of 25.2 bcm, another official said.
The Nanchong structure in central Sichuan had a gas reserve of 17.8 bcm, the Jinzhuping structure in the east contained 2.88 bcm of reserves and the Longquan structure in the west had 5.5 bcm, the official said.
The three structures cover a total area of 447 square km (172.6 sq miles), he said.
Experts have predicted gas reserves in the Sichuan Basin were likely to be one trillion cubic metres by 2005.
PetroChina has also speeded up construction of several natural gas purification plants in Sichuan, including one in the Zhongxian county of Chongqing, where a planned gas pipeline to the neighbouring province of Hubei starts, he said.
Gas purification capacity in the basin would rise to 9.0 bcm in 2004 from 5.5 bcm in 2000.
GAS PIPELINES
PetroChina is at the preparation stage of the Zhongxian-Hubei pipeline, China's first joint venture gas pipeline.
The Chinese company holds a 55 percent stake in $400 million project and U.S. energy firm Enron the remainder.
The two companies, which finished a feasibility study and got state approval for building the pipeline last year, were busy doing a market survey, the official said.
The 680 km (420 mile) pipeline, designed to transfer 3.0 bcm of natural gas a year, may be extended to the province of Hunan later, he said.
The Southwest Oil and Gas Co is cooperating with French firm Sofregas to upgrade more than 1,000 km of gas pipelines in Sichuan.
The $230 million upgrade, including repairs, cleaning and extending pipelines, would enable the trunk lines to transfer 8.0 million cubic metres per day upon completion in mid-2003, the official said.

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


Thank you for registering for MyCarnival at www.carnival.com.

Please save this email for future reference.
Username - errol06
Password - 1alpha

We hope you'll be visiting www.carnival.com again very soon and using
MyCarnival as your vacation planning tool. You can save the pages and
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Please ask Ken to sign the following.  But, in the Advisory Council letter
delete the reference to the December Board meeting and check with Ken on
whether he still plans to brief the Enron Board at the December meeting (I
believe he talked to Kelly Kimberly about this).
----- Forwarded by Steven J Kean/NA/Enron on 11/01/2000 04:10 PM -----

	Susan Worthen@ENRON_DEVELOPMENT
	10/31/2000 10:37 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: Ken Lay Draft Letters

Steve,

Per our meeting yesterday, attached are the draft letters from Ken Lay to the
Board and Advisory Council.  l will deliver a box of Annual Reports today so
that they can be delivered to Rebecca Carter once the letters are signed and
returned to you.

Please call me if there are any questions.

Susan Worthen
Director
Environmental Compliance, Enron Corp
713/646-6579  713/345-6164 fax
3AC 1525


Could you please read this request and get back to Mark with the info ASAP?
Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/16/2001
03:36 PM ---------------------------

Mark C Austin@ENRON
01/16/2001 03:38 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Re: Monthly Natural Gas P & L Request

Darron,

Is there someone else that can direct us to?  I would like to get this
information as soon as it is possible.  Please let me know.

Mark

	From:  Darron C Giron @ ECT                           01/16/2001 03:33 PM

To: Mark C Austin/AA/Corp/Enron@ENRON
cc:

Subject: Re: Monthly Natural Gas P & L Request

Mark,

I'm in Chicago right now and will return on Thursday.  Let me know if you can
wait until then.  Thanks.

DG

Mark C Austin@ENRON
01/16/2001 10:57 AM
To: William Kelly/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT
cc: Sharon Smith/AA/Corp/Enron@ENRON, Jennifer Stevenson/AA/Corp/Enron@ENRON,
Kate Agnew/AA/Corp/Enron@ENRON
Subject: Monthly Natural Gas P & L Request

As part of our monthly testing we review the monthly Natural Gas P & L
Statement and identify specific regions for which we would like to review
additional documentation.  Please find below, the regions that we have
identified.  We are requesting that you supply the P & L top pages for the
last day of the month for those regions that are applicable to you.  Once we
have reviewed these top pages, we will be contacting you to discuss the
drivers of these regions.  Please let me know if you have any questions or
comments.

Thank You,

Mark Austin
Arthur Andersen
ext. 68680

November  December

IM-East   IM-East
IM-Central  IM-Central
IM-Texas  IM-Texas

FT-West  FT-East
FT--Nwest  FT-NY
FT-MGMT-West FT-West
   FT-Nwest
West Gas Daily  FT-MGMT-West
Storage
   NYMEX
   MANAGEMENT
   Henry Hub Gas Daily
   Texas Gas Daily
   West Gas Daily


John:

The following is a quick update on the actions that we have taken with El Paso:

Nov. 19 - I met with El Paso's commercial team giving them a full briefing on the project.  During the meeting we signed a confidentiality agreement and I delivered to them a full data-room disk with approximately 80 project documents.

Nov. 21 - We delivered a follow-up email with two additional documents completed in the interim.  We scheduled a site visit for Nov. 28th for the date requested by El Paso.

Nov. 26 - We delivered all additional information requested by El Paso in preparation for their site visit.

We are currently awaiting further requests from El Paso to schedule further conference calls to address specific issues.  These will be scheduled immediately upon their request.

Please let me know if you hear anything from Greg Bafalis.

Thanks,
Brett


1. &Ancillary Services8 or &AS8 means those services required by Entergy,s
interconnection agreement with MDEA or Entergy,s tariff.
OR
&Ancillary Services8 or &AS8 means those services recognized by Entergy,s
interconnect agreement with MDEA or Entergy,s tariff.
2.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
3.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
4.&Confirmation8 means a confirmation of a transaction or transactions.
OR
&Confirmation8 means the document provided for under the MPPSA or the MGPSA
and with the corresponding third party under a Back-to-Back Transaction or
with EPMI which specifies the Product being bought or sold, the duration of
the Transaction and the other terms, including price. A daily report of all
hourly (or similarly short term) purchases and sales will be provided to the
Customer and shall serve as a Confirmation for those transactions under the
MPPSA or MGPSA.
5.&Delivery Point8 means the busbar of the respective Facilities located at
the interconnection between CPUC,s and YCPSC,s respective transmission
systems at the 115 kV switching station at the respective interconnections
with the Entergy transmission system.
Or
&Delivery Point8 &Point of Delivery8 or &POD8 means (a) for power (i) the
interfaces  located at the interconnection between Clarksdale and Yazoo City
transmission systems at the  Entergy system, or (ii) the point specified in
any Back-to-Back Transaction, EPMI Transaction or Structured Transaction at
which Products are to be tendered under a Confirmation; (b) for natural gas,
(i) for Clarksdale, the point of interconnection between Texas Gas and
Clarksdale (ii) for Yazoo City, the interconnection between Southern Natural
Gas (Sonat) and Mississippi Valley Gas for the Yazoo City Power Plant (the
Sonat Delivery Point) (iii) the interconnection between Mississippi Valley
Gas (MVG) and the Yazoo City Power Plant (MVG Delivery Point), (iv) any point
where fuel is delivered as specified in a Fuel Transaction.
6.&Incentive Fee8 means forty percent (40%) of the Savings and of the net
profit from external sales of the Cities, natural gas resources and the
purchase of on-peak Energy, as calculated in accordance with Article III of
this ILA.
Or
&Incentive Fee8 means the fee described in [Section].
7.&Market Price8 is the price agreed by the parties to be paid by EPMI in any
EPMI Transaction for the sale of Energy to third parties, or the amount to be
paid to EPMI for the sale of Energy to the Cities and/or MDEA.
or
&Market Price8 is the price agreed to (i) by any third party for the sale or
purchase to or from EPMI or MDEA in a Back-to-Back Transaction, (ii) the
price paid by EPMI in any EPMI Transaction or (iii) by any third party
pursuant to any Structured Transaction.
8. &Protocols8 shall mean the SPP Protocols duly adopted by SPP, including
any attachments or exhibits referenced thereby, as amended from time to time,
containing the scheduling, operating, planning, reliability, and settlement
(including customer registration) policies, rules, guidelines, procedures,
standards, and criteria of SPP.  For the purposes of determining
responsibilities and rights at a given time, the Protocols, as amended in
accordance with the change procedure(s) described in the Protocols, in effect
at the time of the performance or non-performance of an action, shall govern
with respect to that action.
or
&Protocols8 shall mean the Protocols duly adopted by SPP, SERC, NERC, and/or
Entergy, including any attachments or exhibits referenced thereby, as amended
from time to time, containing the scheduling, operating, planning,
reliability, and settlement (including customer registration) policies,
rules, guidelines, procedures, standards, and operations criteria.  For the
purposes of determining responsibilities and rights at a given time, the
Protocols, as amended in accordance with the change procedure(s) described in
the Protocols, in effect at the time of the performance or non-performance of
an action, shall govern with respect to that action.
9.&Savings8 shall mean the difference between 1) the total costs to MDEA
and/or the Cities of a Transaction, and 2) the total costs of MDEA and/or the
Cities avoided or displaced by the Transaction, which difference shall be
calculated as described in Article III of this ILA.
not defined in rev 23 definitions


What do you make of this?
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/22/2001
03:46 PM ---------------------------
From: Sherri Sera/ENRON@enronXgate on 05/21/2001 02:57 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: FW:

Should have pointed out to look at last sentence of letter.  Jeff seemed
particularly concerned about it.  Rob Walls has been in charge of an ongoing
investigation/inquiry, so may be able to shed some light on it. SRS

-----Original Message-----
From: Brelsford, Loretta
Sent: Monday, May 21, 2001 10:11 AM
To: Walls Jr., Rob
Cc: Fleming, Rosalee; Sera, Sherri
Subject: FW:

Rob,

I read parts of the attached letter to Rebecca this morning....she asked that
I forward to you to investigate.

Loretta

-----Original Message-----
From: amit Patil [mailto:amit_990in@yahoo.co.in]
Sent: Monday, May 21, 2001 5:12 AM
To: McDonald, Rebecca
Cc: Lay, Kenneth
Subject:

____________________________________________________________
Do You Yahoo!?
For regular News updates go to http://in.news.yahoo.com


I assume that you will speak with Peter.  Thanks.

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
----- Forwarded by Lech Kalembka/NY/CWT on 11/12/2001 10:30 AM -----

                    Mary.Cook@enr
                    on.com               To:     Lech.Kalembka@cwt.com
                    Office:              cc:     Marie.Heard@enron.com,
                                         Peter.Keohane@enron.com
                    11/11/2001           Subject:     RE: FW: Enron
                    02:33 PM             Canada Corp

Be sure to talk to Peter on any of the Canada related master nettings so he
can orchestrate any necessary Canada filings.  I have spoken with him on
this matter so he should be up to speed.  Any questions, stop by.

    -----Original Message-----
   From:   "Lech Kalembka" <Lech.Kalembka@cwt.com>@ENRON
   Sent:   Saturday, November 10, 2001 6:49 PM
   To:     Heard, Marie
   Cc:     Cook, Mary; David Mitchell
   Subject:  Re: FW: Enron Canada Corp

   We will need the "organizational ID" number for the Delaware, Maryland
   and
   Texas entities.  If you wish, we can obtain this information from CT
   Corp.
   or a similar service provider for a charge of $12 per entity.

   Also, for UCC filing purposes, we need to know whether any counterparty
   is
   a "transmitting utility", i.e., entity primarily engaged in transmitting
   or
   producing electricity or transmitting goods by pipeline.

   Finally, I assume you will consult with local counsel regarding the
   Canadian counterparties.

   Thank you.

   Lech Kalembka
   Cadwalader, Wickersham & Taft
   100 Maiden Lane
   New York, NY  10038
   Tel.: (212) 504-6918
   Fax: (212) 504-6666
   E-mail: lech.kalembka@cwt.com

                       "Heard,
                       Marie"               To:     lech.kalembka@cwt.com
                       <Marie.Heard@        cc:
                       ENRON.com>           Subject:     FW: Enron Canada
                       Office:              Corp

                       11/06/2001
                       02:04 PM

   Is there anything else you need for BP Amoco?

   Marie
   >  -----Original Message-----
   > From:   "Dixon, Billy D" <billy.dixon@bp.com>@ENRON
   > Sent:   Tuesday, November 06, 2001 1:00 PM
   > To:     Heard, Marie
   > Subject:     RE: Enron Canada Corp
   >
   > Principal Operating Offices:
   >
   > BP Corporation North America Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Energy Company
   > 501 West Lake Park Boulevard
   > Houston, Texas 77079
   >
   > Vastar Resources, Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Canada Energy Company
   > 240 - 4th Avenue S.W.
   > Calgary, Alberta T2P 4H4
   >
   > BP Canada Energy Marketing Corp.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > Cibola Energy Services Corporation
   > 350 N. St. Paul Street
   > Dallas, TX 75201
   >
   > IGI Resources, Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Oil Supply Company
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Products North America Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > BP Amoco Chemical Company
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   > Atlantic Richfield Company
   > 333 S. Hope Street
   > Los Angeles, CA 90071
   >
   > Amoco Production Company
   > 501 WestLake Park Boulevard
   > Houston, Texas 77079
   >
   > BP Chemicals Inc.
   > 200 East Randolph Drive
   > Chicago, Illinois 60601
   >
   >
   > -----Original Message-----
   > From: Heard, Marie [mailto:Marie.Heard@enron.com]
   > Sent: Tuesday, November 06, 2001 8:54 AM
   > To: billy.dixon@bp.com
   > Subject: RE: Enron Canada Corp
   >
   >
   > I sure will if you will tell me the principal place of business of all
   > your entities party to the Master Netting Agreement.
   >
   > Enron Canada Corp.
   > 3500, 400 - 3rd Avenue S.W.
   > Calgary, Alberta  T2P 4H2
   >
   > >  -----Original Message-----
   > > From:      "Dixon, Billy D" <billy.dixon@bp.com>@ENRON
   > > Sent: Tuesday, November 06, 2001 7:47 AM
   > > To:   Heard, Marie
   > > Subject:   Enron Canada Corp
   > >
   > > Would you please tell me where Enron Canada Corp.'s principal place
   > of
   > > business in Canada is located?
   > >
   > > Very truly yours,
   > >
   > > BILLY
   > > Billy D. Dixon
   > > Attorney
   > > BP America Inc.
   > > 501 Westlake Park Blvd., Rm 16.166
   > > Houston, Texas 77079
   > > Direct 281/366-4745
   > > Fax 281/366-5901
   > > billy.dixon@bp.com
   > >
   > > ***IMPORTANT -- THIS EMAIL AND ANY ATTACHMENTS HERETO ARE
   > > ATTORNEY-CLIENT
   > > AND/OR ATTORNEY WORK-PRODUCT PRIVILEGED AND CONFIDENTIAL.  If you
   > have
   > > received this email in error, do not under any circumstances read,
   > > forward,
   > > copy, disseminate or save this email or any of its attachments.  If
   > > you have
   > > received this email in error, take the following actions: (1) reply
   > to
   > > this
   > > email indicating that you received this email in error, and (2)
   > delete
   > > and
   > > completely erase this email and its attachments from your computer
   > and
   > > any
   > > backup systems or "Deleted Items" folders.
   > >
   >
   >
   > **********************************************************************
   > This e-mail is the property of Enron Corp. and/or its relevant
   > affiliate and
   > may contain confidential and privileged material for the sole use of
   > the
   > intended recipient (s). Any review, use, distribution or disclosure by
   > others is strictly prohibited. If you are not the intended recipient
   > (or
   > authorized to receive for the recipient), please contact the sender or
   > reply
   > to Enron Corp. at enron.messaging.administration@enron.com and delete
   > all
   > copies of the message. This e-mail (and any attachments hereto) are
   > not
   > intended to be an offer (or an acceptance) and do not create or
   > evidence a
   > binding and enforceable contract between Enron Corp. (or any of its
   > affiliates) and the intended recipient or any other party, and may not
   > be
   > relied on by anyone as the basis of a contract by estoppel or
   > otherwise.
   > Thank you.
   > **********************************************************************

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

   NOTE:  The information in this email is confidential and may be legally
   privileged.  If you are not the intended recipient, you must not read,
   use or disseminate the information.  Although this email and any
   attachments are believed to be free of any virus or other defect
   that might affect any computer system into which it is received and
   opened, it is the responsibility of the recipient to ensure that it is
   virus free and no responsibility is accepted by Cadwalader, Wickersham
   & Taft for any loss or damage arising in any way from its use.

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

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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


Paul, further to our discussion last Friday. Attached is a complete copy of
Policy Statement 70 referenced in my earlier email. Paragraph PS70.50
contains the statement that authorisation under the SFA is considered to be
an adequate regime for monitoring capital adequacy.   The SFA oversight  must
apply to either the entity that is trading under the Australian Exempt Market
Declaration as  or its guarantor. It is also in the this paragraph that the
reference to "low risk firms" is made.

Once you get a response to your enquiries we look forward to hearing whether
the provision of the guarantee is feasible.

David Minns
16-06-2000 05:16
To: Paul Simons@ECT
cc: Mark Taylor@ECT, Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Guarantee from EEFT of Enron Australia Finance

Paul further to my email/voicemail on our attempts to get an Exempt Market
Declaration issued to Enron Australia Finance Pty Ltd (EAF).  I now have a
specific request to put to you.

It appears that we would qualify for such a  Declaration thereby allowing EAF
to use the safe harbour provisions under the Australian Corporations Law for
trading through EnronOnline if EAF had get a guarantee from  Enron Europe
Finance and Trading Ltd. We would be able to take advantage of a specific
provision in the policy guideline of the Australian Securities and
Investments Commission on the grant of Declarations known as Policy Statement
70. (Below is a summary of the relevant provisions of the Policy Statement.)
Would the provision of such a guarantee be possible?

Clearly an issue to consider would be any possible impact on EEFT's
prudential requirements under the Financial Services Act. If this were an
issue perhaps could it be overcome if there was a back to back guaranty from
say Enron Corp. to EEFT. This mean that effectively EEFT would have no
additional exposure.

>

>
> Paragraph 50(c) of Policy Statement 70 provides that persons authorised to
> carry on investment business under the Financial Services Act of the
> United Kingdom (other than persons who are "low risk firms" for the
> purposes of the Financial Supervision Rules 1990 issued by the Securities
> Investment Board) will be regulated facility providers.  As a result,
> unless EEFT is a "low risk firm"  then it could be a regulated facility
> provider.
>
> Paragraph 48(e) provides that organisations whose liabilities and
> obligations in relation to their exempt futures market activities are
> unconditionally and irrevocably guaranteed by such an organisation will
> also be regulated facility providers.  As a result, provided that EEFT is
> not a "low risk firm" and it guarantees the obligations of EAF then the
> prudential regulatory requirements of ASIC should be satisfied and EAF
> could be a regulated facility provider.
>
> Please let me know if such a guarantee is going to be possible.
>
>
> Scott Farrell
> Senior Associate
> Mallesons Stephen Jaques Sydney
> Direct line (61 2) 9296 2142
> Fax (61 2) 9296 3999
>


Here are all of the deal numbers that correspond with today's tie point, Cal
PX, and Cal Imbalance deals. I erased the EOL transaction numbers on the
first four, but I believe they were going in a sequence beginning at 627.

Thanks so much for your help on this.

458259
458260
        64
        65
        66 Tie Points
        67
        69
        70

458271
        72 PX
        73

458276
        58 Imbalance


---------------------- Forwarded by Larry F Campbell/HOU/EES on 08/01/2000
02:03 PM ---------------------------

	Enron Energy Services

	From:  JoAnn Lavine                           08/01/2000 02:01 PM

To: Larry F Campbell/HOU/EES@EES
cc: Susan Weison/HOU/EES@EES
Subject: Suiza

Larry,  Please be advised that the three (3) Suiza/Tuscan Dairy accounts in
Union, NJ behind Elizabethtown are ready to receive supply from EES beginning
September 1, 2000.  Any questions, please call.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/30/2001
08:37 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/27/2001 09:55 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/ENRON@enronXgate, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/27/01


Here is what I'm looking at for July 1.  Paul Leanza (Clinton) has a customer
that can take around 1,000 day.  I don't know if that's dt or mcf.  I will
use mcf for this email until someone corrects me.  This customer has a
special deal where the pool operator gets a fuel credit on every mcf the
customer pulls.  For July, assuming the gathering fuel is 5%, and this
customer pulls 95 mcf from your production pool, you will get a 5 mcf
credited back to your imbalance account the following month.  I don't know
how this works with trading imbalances.  But, at a NYMX of $3.95 that works
out to $.21 - sounds good to me.  Paul said this customer is looking for a
CNG Index Flat price or and equivalent basis number.  Marde will not sell at
that price but I will.

Marde said she would charge ENA a $.03 fee for all the volumes flowing.
Actually, I would prefer to move all the pool and production gas to EES,
settle up financially with EES and be done with it.  What we could do to test
Paul's statement, is have the customer pull 300 mcf/day out of CES's pool for
July.  It would be easy to see since that is the only deal.   AND, have EES
take over the pool deal with Power Gas Marketing.  Comments / Questions?

Questions
John
1.  Heidi (EES) said you already have some Phillips production in EES's
pool.  Does CES still have metered production from Phillips in CES's pool?
If yes, how many meters?

2.  Please give me the following info for the activity behind Peoples
  Phillips   Power Gas Marketing
Term
Price
Volume

Heidi (EES)
If we find out from John that there is still metered production in CES's
pool, please call Peoples and see if we can move the metered production to
EES's pool for July.  Heidi Boyd with CES said you could tell them that CES
is going out of business and they may make exceptions for that.

Marde
I would prefer to move both supply customers over to EES, where EES makes the
payments and bills either Clinton or Clinton's customer.  At what price will
you take these deals?  I assume we need to get this info from John before you
can anwser this.

---------------------- Forwarded by Chris Germany/HOU/ECT on 06/20/2000 02:51
PM ---------------------------

	From:  John M Singer @ ENRON                           06/19/2000 01:52 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Peoples

As of today, Power Gas Marketing volume has decreased from 7,500 per month to
4,000 per month, until further notice, due to Peoples regulating the volume
of production into their system.

Phillips Production is also down..

For July, I would sell 4, 000 per month supplied by Power Gas Marketing (pool
to pool), and 300 MCFD x 1.03 = 309 Dth/day metered production from Phillips
Production.  The Phillips Production meters are in CES's pool.  It will cost
$100 per transaction to do a pool to pool transfer.  If Paul Leanza can use
the gas through November, we should move the Phillips meters to his pool
(309/Day).  The Power Gas volumes go through October.

John


Thanks, Tana. Hope you're feeling better............Tony


Brian Nichols of ExxonMobil confirmed that they will accept 30,000/d of
MidCon's gas on HPL starting tomorrow.

They want to leave 10,000/d flowing on MidCon.

I guess this goes on through April 5??


Attached please find my 11/1/00 discussion outline with Bob Baird's thoughts
in italics.  Some of Bob's concerns are covered by current DealBench
agreements (e.g., site license and access agreements).

Today, Bob, Mark Taylor and I discussed possible EOL exchange related issues
involved in a DealBench/EOL auction relationship.  The analysis may be
complicated by unrelated DealBench exchange issues raised by other DealBench
business plans.  Based upon a subsequent discussion with Suresh this
afternoon, EOL exchange issues may be alleviated by latest plan to include a
separate DealBench powered area within EOL for auctions with a link to
DealBench merely for PR purposes (rather than a link from EOL to DealBench
for EOL auctions to be conducted on DealBench).  Other unrelated exchange
issues noted in outline may still need to be resolved depending upon
DealBench business plans.

As Suresh and I discussed, we need to further discuss some of the issues
raised in the outline as DealBench business plans further develop.  Please
keep in mind that we (legal) may need some lead time to resolve issues,
particularly if regulatory authorities are involved (e.g, we decide to seek
SEC or CFTC no-action relief).

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com
----- Forwarded by Nora Dobin/Corp/Enron on 11/15/2000 07:31 PM -----

	"Baird, Bob" <RBaird@velaw.com>
	Sent by: "Matthews, Rebecca" <rmatthews@velaw.com>
	11/15/2000 10:35 AM

		 To: "'melba.trevino@enron.com'" <melba.trevino@enron.com>
		 cc:
		 Subject: FW: DEALBENCH, LLC

>  -----Original Message-----
> From:  Baird, Bob
> Sent: Tuesday, November 14, 2000 11:36 AM
> To: Dobin, Nora (Enron)
> Cc: Harvey, Dean
> Subject: DEALBENCH, LLC
>
>  <<162631_1.DOC>>
> Nora: I took your outline and put my current thinking in italics.
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

 - 162631_1.DOC


If this is the same as the previous letter that you circulated, Dick Westfahl
can sign for it and he indicated that he had no problems with it.

	Kay Mann@ENRON
	12/15/2000 01:25 PM

		 To: Carlos Sole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Lund/ENRON@enronXgate
		 cc: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mitch
Robinson/Corp/Enron@Enron
		 Subject: Westinghouse letter agreement

The attached is a letter agreement reflecting the resolution of certain
issues with Westinhouse relating to the Gleason and Wheatland projects.  It
also reflects that Enron isn't going to go after SWPC for a return of an
option payment for the Blue Girl equipment.  SWPC has requested that
everybody sign on the dotted line, including NEPCO, EEPC and my dog Jack.
Please review and advise if there is any problem with you obtaining signature
for your respective groups.

I'll handle the LJM and ENA signatures.

Please call if you have any questions.

Kay


I believe that on Thursday/Friday? you sent a note with some suggestions on
proposed solutions.  Darned if I can find it.  Could you resend it?  Or, in
the flurry of activity, am I mistaken, and the last dispatch I got from you
was the note you sent on the 6th?

Apologies,
Jeff


How about 11:30 downstairs - Jane is coming!

 -----Original Message-----
From: 	Heard, Marie
Sent:	Friday, November 16, 2001 10:33 AM
To:	Rossi, Robbi
Subject:	RE: Robert Allen

Thank you!

 -----Original Message-----
From: 	Rossi, Robbi
Sent:	Friday, November 16, 2001 10:31 AM
To:	Heard, Marie
Subject:	Robert Allen

Marie,

  I just spoke to Robert Allen and they are going to send you a retun slip so that the 7 yards can be sent back via UPS without charge.  They have a 17 yard piece that they will ship to you.  I think the Houston show room screwed up the order - because I have a copy of what I sent them in writing - and it says 17 yards.  They have the 17 yards in stock so it shouldn't take long.  Just keep your eyes open for the return tag that they will send you in the mail for the 7 yards.  Ah -  the trials and tribulations of home decorating!


On Friday the Commission issued an order suspending (until October 15, 2000)
TW's tariff sheets for acquiring PNM capacity, and calling for a technical
conference.  The Commission stated that while TW's proposal may be in the
public interest, further investigation of the issues, including those raised
by Dynegy in its protest, is necessary prior to authorization.  The order
does not make clear what issues are to be investigated, but they seem to
include:  whether TW will, in effect, become a marketer for PNM's services,
whether the rates are just and reasonable and whether there is any expansion
of monopoly power.  Additionally, the Commission noted that while PNM has
certificate (i.e., public convenience & necessity) authority to transport gas
in interstate commerce, PNM will "have to either explain how it has
appropriate rate authority for transportation of natural gas in interstate
commerce, or seek appropriate rate authority from the Commission."   Lorraine
has forwarded a copy of the order to PNM so that they can begin taking the
appropriate steps.

I will talk with regulatory about technical conference dates and will tell
you when I have further information.  If you would like a copy of the order,
let me know.


Left you a voice mail. Check with Stacy or Jeff.  Is Janice back?

	From:  Douglas S Friedman                           07/06/99 04:50 PM

To: Sara Shackleton/HOU/ECT@ECT, Janice Moore/HOU/ECT@ECT
cc: John L Nowlan/HOU/ECT@ECT, Alan Engberg, Pat McSpadden/HOU/ECT@ECT
Subject: OPP confidentiality agreement

Sara, Janice:

I'm not sure which, if either, of you will work with us on this.  We are
under a somewhat rigid timeline though.  OPP is flying up from Brazil on Mon
July 12 to hopefully finalize overall agreement in principle on the
"Contingent Buyer" transaction terms.  We'd like to finalize our response to
a confidentiality agrement by Wed 7/7 and send back to OPP for signature.
From what we see in the document looks like we need to:

work on the wording of the preamble
make "two-way" protecting our terms and conditions etc.
add agreement term
add "confidentiality" term
define "products"
require their signature

Comments???

Thanks,

Doug

P.S.  This transaction has about $5 million in value to Enron.  Thanks for
your urgent attention.
---------------------- Forwarded by Douglas S Friedman/HOU/ECT on 07/06/99
04:39 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "De Smedt, Jasja  (IBK-NY)" <JDeSmedt@exchange.ML.com>
          07/06/99 04:00 PM

To: Douglas S Friedman/HOU/ECT
cc: "Guterres, Pedro  (IBK-NY)" <PGuterres@exchange.ML.com>, "Lucente,
Michael (CICG-CAPMKTS)" <MLucente@exchange.ML.com>
Subject: OPP confidentiality agreement

Douglas,
Attached please find the confidentiality agreement that will cover
information received by Enron from OPP in connection with the proposed
transaction. Please review and then send to OPP. Please fax me a copy of the
signed confidentiality agreement as well so that I can send you all the
information that you requested regarding OPP.
 <<enron confidentiality agreement.doc>>

Regards,

Jasja De Smedt

 - enron confidentiality agreement.doc


Hi Sarah,

Thank you so much for your efforts to get this scheduled.  However, it
doesn't look today is going to work.

Since spoke earlier this week, Michael has been accepted to private school,
where we believe we will move him.  However, we still haven't determined what
to do about speech therapy, and would appreciate the benefit of your
evaluation and expertise, especially since Michael is eligible to receive
services at VO.  Is it possible to schedule a meeting with that in mind?

Thanks again,

Kay

"Morrisett, Sarah" <morrises@spring-branch.isd.tenet.edu> on 09/26/2000
11:53:23 AM
To: "'Kay Mann'" <KMann@enron.com>
cc:

Subject: ARD date

Hi Mrs. Mann,
I thought this might be an easier way to communicate in scheduling the ARD
to review Michael's testing.  Please let me know if tomorrow (9-27) at 11:45
will work for you.  I need to offer you at least a five days written notice
of the ARD so if tomorrow will work for you, would you be willing to waive
the  5 days prior notice.  If not, we can schedule the meeting next week.
Thank you.

Sarah Morrisett
M.S., CCC-SLP
Valley Oaks Elementary
Spring Branch ISD


i say el tiempo

To: Timothy Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Luis
Mena/NA/Enron@Enron, Lisa Gillette/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT,
Shanna Husser/HOU/EES@EES, Eric Bass/HOU/ECT@ECT, mmmarcantel@equiva.com
cc:
Subject:

does everyone want to meet at tortucas on kirby south of 59 or el tiempo(no
tequilla shots) or cabos downtown tonight.  let's meet around 6-6:30.


Thanks Jeremy.  I did receive the fax.  We are currently working internally
at finalizing the tariff, which should be done well in advance of the April
anniversary.  Will keep you posted on progress.

Jeremy Meier <jermeier@earthlink.net> on 02/02/2001 04:17:14 PM
To: MPetroch@enron.com
cc: jdasovic@enron.com

Subject: ICAs

Mona:

Trust you got the faxed CPUC Decisions on ETI - the first granted the
CLC CPCN and the second corrects the ALJ's overlooking of the NDIEC
(what you might call IXC) authority.

We still need, as you probably have heard before, to file the final
initial tariffs per the Decisions.  Jeff and/or Sue was going to approve
consumer forms and final service language, and we should file those no
later than April (one year), if not sooner.  Otherwise, you can get an
extension on exercising ETI's authority if necessary.

Also note that if ETI is using network facilities in Sacramento area
(collocation, etc) we will likely want to execute ICAs with Citizens and
Roseville in that area (small ILECs).  We can send additional ICAs for
these ILECs (and for Pacific and GTEC/Verizon) as warranted.

Thx.

Jeremy Meier
Blumenfeld & Cohen


Mr. Lay--

I have been assisting John Watson with his representation of Sports
Facilities, L.P., and I am in the process of coordinating the $1.4 million
prepayment by the Sports Authority and the contribution of such amount by
the partners to the referendum campaign.

Assuming that we receive the prepayment from the Sports Authority, we expect
to be able to start making contributions to the referendum campaign this
week.  The contributions will be paid to the referendum campaign by the
partnership, on behalf of each partner, upon receipt of instructions from
each such partner that its share of the amount prepaid should be contributed
to the campaign instead of being distributed.  I have discussed this
procedure with Sue Walden.

With respect to your arrangement with Shell, we were not sure what you and
Shell had agreed to.  The monies being contributed to the referendum
campaign are being contributed to a special purpose political action
committee (as required by law).  This special purpose PAC is subject to the
general Texas laws that govern campaign fundraising.  As you know, one of
these laws provides that "a person may not knowingly make or authorize a
political contribution in the name of or on behalf of another unless the
person discloses in writing to the recipient the name and address of the
person actually making the contribution . . . ."   Pending a better
understanding of the Shell arrangement, we will hold Shell's $100,000 in the
partnership's account.

Please contact John Watson at 713-758-2556 or me at 713-758-2350 if you have
any questions regarding the foregoing.

Sincerely,

Michael S. Telle


I found these two in my file- see which one looks better


This request has been pending approval for  13 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078937&Page=Approval to review and act upon this request.

Request ID          : 000000000078937
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/11/01 10:29:11 AM
Requested For       : carrie.larkworthy@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


When I got home at 2:15 am, I remebered how much I love the PRC.  (oops,
sorry, I just had to wipe off the keyboard--my brains were on it)

Alexandra Saler@EES
01/09/2001 09:17 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

we can have a head exploding contest.  actually, mine is just spinning right
now.  how was prc?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

We must work on the housewarming!  I decided best to do it with no
furniture.  Early Feb I think.  N.O. sounds great.  Have I mentioned my head
may explode and that the video will be on "Amazing Home Videos" on the WB?

Alexandra Saler@EES
01/08/2001 07:51 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

poor you.  was it gross?  I hope that you had a great weekend.  I have a
crazy two days, then off to New Orleans until sunday for a conference.  I am
really excited, but I hate leaving town when I am so busy.  what did you do
this weekend?  oh...Harold wants to know when the house-warming is?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I was in La Madel. this morning  (Sun) having coffee and juice, and I thought
for SURE I was going to see you there!

Alexandra Saler@EES
01/04/2001 10:54 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I just spoke to my sister and she goes to the doctor on monday.  the baby's
heart is the size of a poppy seed, and the baby is the size of a bean.  she
and josh are calling it their "beanie baby."  isn't that cute?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Have a great evening--I'm out of here!

Alexandra Saler@EES
01/03/2001 09:46 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I know what you mean.  let's figure out when we both have some free time and
maybe we can go to a fun dinner and blow off some steam.

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I think my head spun, then exploded.  Ditto on the busy part!  Trying to get
Max and Chloe ready for their departure Friday, meeting with contractors, and
work.  OY.

Alexandra Saler@EES
01/02/2001 11:35 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

happy new year!  I hope that you are having a great day.  my head is
spinning....I have so much to do, I don't know where to start!


Karen--regarding press at the WGA event.  There is an opening media
conference on Sunday afternoon the 12th and a closing conference on Tuesday
afternoon the 14th.  There are only about 20 press types registered to date.
That may change, however, if they get the high profile folks that they are
hoping for.  Apparently they are still waiting confirmation on Galye Norton,
who they are hoping will be the keynote on  Sunday afternoon.

The governor attendance list is as follows: Kitzhaber (OR), Kempthorne
(Idaho), Hull(AZ), Leavitt(UT), Hoeven (ND), Johnson (NM), Paul's friend
Kenny Guinn from Nevada, Geringer(WY), Janklow(SD),Johnannes(NE),
Martz(MT).    Aparently Colorada Governor Owens just cancelled this morning,
and my understanding is that it has something to do with President Bush being
in Denver on the 14th.   California/Washington/Texas/Alaska/Kansas will be
represented by someone in each govs office, but not the govs themselves.


eric -

thanks for the email regarding your german hire.  i'm in london this week on a number of different items and it occurred to me that they have a german lawyer in germany and a german lawyer in london.  do you think it would be a good idea to talk to one of the enron europe german lawyers about her or alternatively have one of them interview her in german?  let me know what you think.

rob

-----Original Message-----
From: Newell, Eric
Sent: Wed 10/17/2001 3:53 PM
To: Derrick Jr., James; Walls Jr., Rob
Cc: Harris, Stephanie J
Subject: Thursday General Counsel Call

I will be traveling tomorrow morning and will be unable to participate on the call.  If you have any questions or concerns, I can be reached on my cell phone tomorrow afternoon, and I will be in the office on Friday.  I hope all is well.


The following EEAC Mailings have been added to the O:\HR\OLER\Everyone\EEAC Mailings\2001 Mailings Directory.

N01-37  EEAC'S 2001 FALL MEETING STILL ON - Two New Workshops Will Address Workplace Issues Raised in Wake of Terrorist Attack - OCTOBER 17-19, 2001, Radisson Hotel, Scottsdale, Arizona <http://www.eeac.org/private/N01-37.pdf>

01-194  EEAC Amicus Curiae Brief in Navarro v. Pfizer Urges First Circuit Review of Decision That Creates New FMLA Rights <http://www.eeac.org/private/01-194.pdf>  Our amicus brief asks for review of a federal appeals court decision that expands the "care for" provisions of the FMLA well beyond what the law contemplates.

01-193 Background Checks Can Help Employers Determine if Applicants Are Qualified for the Job, but There Are Rules That Must Be Followed <http://www.eeac.org/private/01-193.pdf>  Another consequence of last week's events is an increased interest in employment background checks. EEAC's memo provides guidance on the rules that apply.

01-192 EEAC Creates New Clearinghouse for Company Military Service Policies <http://www.eeac.org/private/01-192.pdf>  EEAC is receiving calls asking us about what other member companies are doing to accommodate employees who may be called up for active duty. Our new clearinghouse is intended to provide this information.

01-191 EEOC Urges Employers To Be Alert to Possible Workplace Discrimination Against Arab-American and Muslim Employees; EEAC Managers' Pamphlets May Be of Help in Communicating With Employees <http://www.eeac.org/private/01-191.pdf>  The terrorist attack last week has precipitated a reported backlash in the U.S. against Arab-Americans and Muslims, including workplace incidents. EEOC has issued a notice urging employers to preach tolerance. EEAC's "Managers' pamphlets" might be helpful in communicating the message to your employees.


Vernon, the way the accounting system works today:  Dec. 1 - 20 flow will be attributed  to the
	contract that nominated at that point for the 21 through 31.  This automaticall happens if there
	is no OBA at the point and if there is only one contract nominated at the point.  If we do not want
	that to happen, we need to discuss our options. Thanks. Lynn

 -----Original Message-----
From: 	Mercaldo, Vernon
Sent:	Friday, December 21, 2001 10:08 AM
To:	Adams, Jean; Buchanan, John; Blair, Lynn; Stage, Michael G.
Cc:	Williams, Jo
Subject:	RE: Potential Customer

Yes, we were successful in getting a transporter to step in.  This starts tomorrow - however I am in talks with regulatory on what to do on the days between 12/3 - 12/20.  Also, we are not going to grant an OBA at this point at this time.

Thanks!

 -----Original Message-----
From: 	Adams, Jean
Sent:	Friday, December 21, 2001 9:58 AM
To:	Adams, Jean; Buchanan, John; Mercaldo, Vernon; Blair, Lynn; Stage, Michael G.
Cc:	Williams, Jo
Subject:	RE: Potential Customer

West Texas Gas is transporting this gas for Embassy.  Thanks for everyone's help in getting this issue resolved.

Jean

 -----Original Message-----
From: 	Adams, Jean
Sent:	Thursday, December 20, 2001 10:13 AM
To:	Buchanan, John; Mercaldo, Vernon; Blair, Lynn; Stage, Michael G.
Cc:	Williams, Jo
Subject:	RE: Potential Customer

Vernon,
Warrior Gas Company contact is Robert C. (Bob) Lyon - phone 915-688-3838

John Wollaston with Embassy is requesting that you send him a pro forma OBA for his review - his e-mail is: embassy9@home.com

Vernon, Embassy is getting lined out for January business.  They just got caught in the middle of the ENA fallout, but they are anxious to get a resolution for December in place.  Thanks for your help.

Jean

 -----Original Message-----
From: 	Buchanan, John
Sent:	Thursday, December 20, 2001 7:30 AM
To:	Mercaldo, Vernon; Adams, Jean; Blair, Lynn
Cc:	Williams, Jo
Subject:	RE: Potential Customer

The volumes were scheduled for the 1st and 2nd only, then the nomination was removed and scheduled to 0. The point continues to flow without a nom or scheduled volume.

John

 -----Original Message-----
From: 	Mercaldo, Vernon
Sent:	Thursday, December 20, 2001 7:28 AM
To:	Buchanan, John; Adams, Jean; Blair, Lynn
Cc:	Williams, Jo
Subject:	RE: Potential Customer

Have a phone number or contact at Warrior?

Also, we will need to talk about what has transpired between the 3rd and now.  Jean told me yesterday that even though there is no nom we are scheduling and delivering gas to this POI under a dead contract (ENA's).   We should not be doing this.  This will cause DDVC penalties et al.  Until we have a contract for transport with someone - we shouldn't just flow gas.

 -----Original Message-----
From: 	Buchanan, John
Sent:	Thursday, December 20, 2001 7:21 AM
To:	Adams, Jean
Cc:	Mercaldo, Vernon
Subject:	RE: Potential Customer

Jean, work with Vernon on this it is up to him to negotiate the contracts.

John

 -----Original Message-----
From: 	Adams, Jean
Sent:	Wednesday, December 19, 2001 4:54 PM
To:	Buchanan, John; Mercaldo, Vernon
Cc:	Adams, Jean; Benningfield, Robert; Forbish, Sherry; Greaney, Chris; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Woodson, Harry
Subject:	FW: Potential Customer

John,  After we spoke this afternoon I had another call from John Wollaston @ Embassy Natural Gas.  He spoke with Warrior Gas, a Clayton Williams company, which is the gas supplier and they are willing to assume the responsibility for the transport at POI 4879.  Let me know how to proceed, if this is a viable option. Do we want to set up a contract with Warrior Gas?  Do we want to establish and OBA for this point with Embassy - Mr. Wollaston mentioned the OBA possibility.  The deal with Sid Richardson is probably not going to happen.

I couldn't find a contract for Warrior or Clayton Williams on NNG.

Let's talk tomorrow.

Thanks,
Jean

 -----Original Message-----
From: 	Mercaldo, Vernon
Sent:	Thursday, December 13, 2001 1:45 PM
To:	Adams, Jean
Cc:	Williams, Jo; Pritchard, John; Adams, Jean; Neubauer, Dave; Miller, Kent
Subject:	FW: Potential Customer

Jean,

This is outstanding information gathering!  Any time you can get this much detail it sure helps us in our commercial efforts.

Good Job!
Vernon

 -----Original Message-----
From: 	Stage, Michael G.
Sent:	Thursday, December 13, 2001 1:30 PM
To:	Adams, Jean; Mercaldo, Vernon
Cc:	Buchanan, John; Blair, Lynn; Benningfield, Robert; Forbish, Sherry; Greaney, Chris; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Woodson, Harry
Subject:	RE: Potential Customer

Jean,

Thanks for the contact. I have passed this on to Vernon Mercaldo to see what interest they might have in holding their own upstream transportation.

Thanks, Mike

 -----Original Message-----
From: 	Adams, Jean
Sent:	Wednesday, December 12, 2001 9:08 AM
To:	Stage, Michael G.
Cc:	Buchanan, John; Blair, Lynn; Adams, Jean; Benningfield, Robert; Forbish, Sherry; Greaney, Chris; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Scurlock, Debra; Sturr, Kathy; Vaughan, Cara; Woodson, Harry
Subject:	Potential Customer

Mike,

Embassy Natural Gas is the operator for POI 4879 - Vantage Plainview.  John Wollaston is the contact 915-685-4103.  Embassy purchased gas from ENA (2,500 dth/day) to service Azteca Milling, LP - This is a $250 million  plant that mills flour for tortillas - one of the largest employers in Midland, TX.

ENA was transporting the gas on their contract for Embassy.  They had a hedging deal : TOK index plus 15cents ($2.08 + .15) - present day ($2.95).  He is concerned that he will have to go out and pay more $ for gas.  I  put him in touch with Kevin Brady (3-7750) with ENA and Kevin gave him the marketer Jason Williams (3-1929) to contact about Embassy getting in touch with the upstream supplier for ENA so that they could perhaps buy the gas directly and hopefully at the same price.

I don't know the outcome of their conversation.

I thought your group might be able to help him.  I have not mentioned this possiblilty to him.  Would you let me know if you plan to pursue?

Call me if you have questions.

Jean
3-7757


The SAP Interface Server is back up.  As we have been experiencing sporadic
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We have received an executed Master Agreement:

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

Effective Date:   February 1, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Mieco Inc.

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

Confirming Entity:  Enron North America Corp.

Choice of Law:   Texas

Samantha M. Boyd
Sr. Legal Specialist
Enron North America Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/16/00
Transaction Summary
External Transactions Today	5,447
Average Daily External Transactions (30 day Trailing Avg)	3,498
Total Life to Date Transactions	445,906

EnronOnline Daily % of Entity's Total Transactions for 11/16/00	Trans	Percent
Enron North America	4,893	82%
Enron Europe Limited	246	41%
Global Products	114	24%
Enron Metals	194	9%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	50%

Gross Notional Value of EnronOnline Transactions	Total
Today	4,524,480,906
MTD	36,285,851,146
LTD	249,717,535,824
Average Daily Notional Value (30 Day Trailing Avg)	2,435,447,716

Notional Revenue from Physical Flows to Date	16,777,502,814

Counterparties, Users, and Products Offered
Counterparties having transacted to date	568
New Counterparties transacting for the first time today	3
Number of Products Offered Today	1,230
Total Number of External Users Logged on Today	2,968
Average # of External Users logged on (30 day Trailing Avg)	2,746


I wanted to provide you an update on where we stand related to several recent
contribution requests.

Tom Delay's Request -- We did fulfill the $10,000 request that came to us
from Tom and Christine Delay for the Fort Bend Child Advocates.  In addition,
we've arranged with Heather for your family's foundation to match Enron's
gift.  I spoke directly with Christine Delay several times and they are very
appreciative of the gifts and our efforts to correct the initial oversight.

YMCA --  I've had multiple conversations with Heather about a combined
Enron/Lay Family contribution to the YMCA.  According to Heather, you and
Linda have agreed to contribute $500,000 and ask that Enron match.  We are,
of course, willing to do that.  I am scheduling a meeting with Bill Phillips
of the YMCA to discuss the gift.  We will be talking to him about naming
opportunities as well as the YMCA's consideration of extending services to
Enron employees at the downtown YMCA, as well as outlying facilities.  (FYI:
The downtown YMCA recently chose to cancel the agreement we'd had with them
allowing Body Shop members to utilize the facility.)

Other Capital Campaigns -- We are currently evaluating several other capital
contribution requests.  Each is outlined below.  We are proceeding in several
ways.  First, I am scheduling a meeting with Marty Sunde to discuss EES's
interest in pursuing energy service agreements with these not-for-profit
institutions.  As you know, EES is focusing its current efforts on much
larger scale energy portfolios.  Secondly, I am working to evaluate these
requests based on the leveraging opportunities associated with each.
Finally, we want to be equitable in our giving to these local campaigns as
well as consistent in our giving philosophy.  We are working to balance these
requests relative to each other and to our goal to transfer dollars away from
multi-year gifts toward programs.

Texas Heart Institute -- I had breakfast yesterday with Bob Devlin, Dr.
Denton Cooley, Jack Doherty and Meredith Long.  They shared with me plans for
a new Texas Heart Institute building in the Medical Center.  (The building
will bear a striking resemblance to our buildings -- oval in shape and bluish
glass.)  They are conducting a $75 million campaign -- $42 million to build
and equip the building and $33 million to sustain programs in research and
education.  They are requesting $1 million from Enron and will allow us to
specify how the gift is spent.  American General and Shell Oil Foundation
have each contributed $1 million

Baylor College of Medicine -- Amy Lee and I had lunch last week with several
folks from Baylor.  They are in the midst of a campaign to fund their many
programs in research and education.  We discussed opportunities to expand our
existing medical-based literacy program - Prescription for Reading.  They
also outlined for us numerous other sponsorship opportunities.  No specific
dollar amount was requested.  While several pharmaceutical companies have
contributed in the $500,000 to $1 million range, most of our local peers are
within the $100,000 to $500,000 range.

University of Houston - MD Anderson Library and the Honors College -- As you
know, the University is requesting $500,000 from Enron over 5 years to
support renovation of the library.  Since our call with Harriet Latimer, I've
conducted some research to determine what other local corporations are
contributing.  Currently, no companies have made a financial commitment.  In
fact, only Compaq and Shell have committed at all with in-kind
contributions.  While I am confident that we will support this in some way, I
am particularly interested in speaking with Steve Barth and Chet Gladchuck at
the University to determine if the library could be rolled into the energy
services agreement we are currently evaluating with the University's athletic
department.

On a separate note, you'd forwarded to me a request from the University to
fund a publication "The Future of International Education:  Directions &
Opportunities."  Elyse Kalmans discussed this with her contacts at U of H.
They indicated that this was not a high priority for them and would rather
have Enron commit its resources to other University endeavors, such as the
library.  We have chosen to decline this request.

I apologize for the length of this memo.  However, I did want to keep you
updated on the status of these various requests.  I will present
recommendations to you on each of these pending requests in the coming
weeks.  In the meantime, if you have any questions or comments, please
contact me.


Here's where I am:

Kay


Summaries of two advice letters attached....no protest material.
?
Dan
 - 7-30-01 SCE AL Summary Chart.doc