David,

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
11:31 AM ---------------------------

vkamins@enron.com@ms1.lga2.nytimes.com on 03/19/2001 09:35:38 AM
Please respond to vkamins@enron.com
Sent by: articles-email@ms1.lga2.nytimes.com
To: vkamins@enron.com
cc:
Subject: NYTimes.com Article: Companies Turn to Grades, and Employees Go to
Court

This article from NYTimes.com
has been sent to you by vkamins@enron.com.

Jeff,

FYI,

Vince

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Companies Turn to Grades, and Employees Go to Court

By REED ABELSON

An increasingly popular technique for evaluating employees is
prompting lawsuits charging discrimination at three big companies.

 At issue is the ranking of managers, professionals and sometimes
lower-level employees from best to worst, or grading them on a bell
curve, and then using that ranking to help determine pay and
sometimes whether to fire someone.

 In their suits, all filed over the last year or so, employees at
Microsoft, Ford Motor and Conoco say the rating systems are unfair
because they favor some groups of employees over others: white
males over blacks and women, younger managers over older ones and
foreign citizens over Americans.

 A growing number of companies are turning to grading systems, also
known as forced rankings or distributions, as a way of making sure
managers evaluate employees honestly and make clearer distinctions
among them. At companies that do not compare employees with one
another this way, nearly every employee can come away feeling above
average, like the children of Lake Wobegon. But under the grading
system, managers are forced to identify some people as low
performers.

 At General Electric, for example, supervisors identify the top 20
percent and bottom 10 percent of their managerial and professional
employees every year. The bottom 10 percent are not likely to stay.

 As John F. Welch Jr., General Electric's chief executive, wrote
last month to shareholders, "A company that bets its future on its
people must remove that lower 10 percent, and keep removing it
every year * always raising the bar of performance and increasing
the quality of its leadership."

 Ranking or grading employees is also common at technology
companies like Cisco Systems and Hewlett- Packard. But recently the
concept has been catching on more broadly, according to management
consultants. One reason is that as the economy slows, companies
often lay off employees. Cisco, for example, announced earlier this
month that it would let go as many as 5,000 workers * and would use
grading as one way to identify people to lay off.

 "Companies are playing their version of `Survivor,' " said David
Thomas, a professor at the Harvard Business School.

 Another reason is that some companies are eager to copy Mr. Welch,
long viewed as one of the most successful managers in America.

 Defenders of these systems say anyone who gets a low grade is
likely to view the process as unfair. " `A' students love grades;
`F' students hate grades," said John Sullivan, a human resources
professor at San Francisco State University.

 But the techniques, which some employees label with terms like
"rank and yank," have come under sharp criticism. While they appear
to offer an objective way to judge employees, they can be
vulnerable to bias, Mr. Thomas said. Managers may stereotype
employees when evaluating them on vague criteria like career
potential * deciding that older workers, for example, may have a
harder time keeping up with new technology.

 In some cases managers can view these systems "as a tool to be
used to weed out the ones you don't want," said Thomas S. McLeod, a
lawyer in Canton, Mich., who represents employees suing Ford in
another case.

 Critics of the system also argue that companies should not apply a
bell curve, in which a small number of employees get the highest
and lowest rankings and a much larger number are grouped in the
middle. The bell curve model assumes a normal distribution among a
very large group of random individuals, not small groups.

 What is more, across a company, people who belong to a
particularly talented unit will suffer if a certain number of them
must be given poorer grades than they would get in another unit.

 "You end up with dysfunctional results," said Edward E. Lawler
III, a business professor at the University of Southern California.

 Some lawsuits contend that Microsoft's grading systems are
discriminatory. One, filed last October, seeks class-action status
on behalf of blacks and women. The suit states that the rating
system "permits managers, who are predominantly white males, to
rate employees based upon their own biases rather than based upon
merit."

 According to the lawsuit, employees are rated on a five-point
scale, with only a certain percentage permitted to receive each
score. Employees doing the same job in the same unit are also given
a "stack ranking," from most to least valuable. Managers decide
those rankings largely using what are called "lifeboat
discussions," where they choose which employees they would want
with them if stuck in a lifeboat. Managers had no other clear
criteria, according to Christine Webber, a lawyer at Cohen,
Milstein, Hausfeld & Toll who is representing the employees.

 Grading is highly subjective at Microsoft, according to Peter M.
Browne, a former executive who is also suing the company, charging
discrimination. Mr. Browne, who is black, said managers were forced
to use a curve in evaluating even small groups. He said he had to
rate a group of five on a curve, for example, in deciding which
ones would not receive stock options.

 "You weren't told anything * just meet the curve," Mr. Browne
said.

 He says managers ended up favoring people with whom they
socialized. "People gravitate to people who are like them, and the
system just forces that," he said.

 Microsoft defends its system as fair and helpful. "We want to give
the highest compensation to the very top performers," said Deborah
Willingham, senior vice president for human resources, adding that
the system included checks and balances to ensure fair treatment.
Employees can appeal their ratings, for example, and are largely
responsible for developing the criteria by which they are
evaluated.

 Ms. Willingham also said the company did not ask its managers to
give a fixed percentage of their employees any given score. "We
don't force that curve to look any certain way," she said.

 Microsoft has no formal "stack rank" policy, she said. And when
managers do have lifeboat discussions, they are a tool to consider
which employees they would want to keep if they were starting
again.

 While the company would not comment on the lawsuits, Microsoft
"expressly prohibits discrimination," Ms. Willingham said.

 Similar criticisms emerged in a lawsuit brought last month against
Ford. It argues that the company's new grading system discriminates
against older workers. The company, which adopted what it calls its
performance management process a year ago, gives its 18,000
managers A, B or C grades. Last year, the company awarded 10
percent an A, 80 percent a B and 10 percent a C.

 Ford also faces a second lawsuit asserting that it unfairly
discriminated against older white males in its grading.It would not
comment on the litigation but defended its use of grades. "We
believe the system is fair and nondiscriminatory," a company
spokeswoman said. "We are in a very competitive industry, and we
need all of our employees to be the best they can be."

 At Conoco, employees contend that the company discriminated
against United States citizens and older workers when it laid off a
dozen geophysicists and other scientists in 1999 based on a ranking
from one to four, according to a lawsuit filed last year. The
majority of those let go were Americans, according to the suit, as
opposed to British, Norwegian and Canadian professionals.

 "The rating system was selectively enforced, and there were
instances of manipulation," said John Zavitsanos, the lawyer
representing the workers. Even though some were given higher
ratings on earlier rankings, they were eventually given the lowest
possible rating of four.

 Conoco, based in Houston, has extensive operations in the North
Sea, and many of the senior managers at the division in question
are British, according to Mr. Zavitsanos.

 While Conoco said it could not comment on the litigation, it said
its evaluations were based on several factors, including
performance, skills and expertise. The company said ratings often
changed as more information was collected and people were evaluated
in larger groups. Conoco company also denied that decisions were
based on anything other than individual capabilities.

 Companies "do need something in making pay decisions, downsizing
decisions," said Jim Kochanski, a consultant with Nextera
Enterprises. The problem is that companies may not take enough care
in deciding how people should be ranked. "They can get it very
wrong," he said.

http://www.nytimes.com/2001/03/19/business/19GRAD.html?ex=986016138&ei=1&en=e2
02a0228246c717

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Copyright 2001 The New York Times Company


At the request of Bob Shults, I am enclosing our proposed form of Broker
Electronic Transaction Agreement and Fee Agreement.  Please call Mark
Greenberg, Senior Counsel, at (713) 345-8897 or Bob at (713) 853-0397 if you
have any questions or comments.


I obviously didn't get up this morning to work-out...So I was wondering if
you wanted to go for a run before Felicity tonight.  I should be home by 6:30
or 7:00.  Let me know.


The ALJ issued his initial decision on the CPUC complaint case today.  As was widely expected, he found that El Paso and its merchant affiliate, El Paso Merchant, were guilty of affiliate abuse.  However, he did not find clear evidence that they were exercising market power.

The ID is attached.


-----Original Message-----
From: Bob Peebler <Bob.Peebler@Halliburton.com>@ENRON
Sent: Sun 12/16/2001 12:03 PM
To: 'SloanConsulting@aol.com'; vkamins@enron.com; mfkeeth@shellus.com; gerald.w.mcelvy@exxonmobil.com; dph@swbellnet; Bob Peebler; tina.sivinski@eds.com; TNTipton@marathonoil.com; bwillia6@us.ibm.com
Cc: bobcasey@uh.edu; pkumar@uh.edu
Subject: Reply to Learning committee questions

Attached is my response to the questionaire related to Learning forums, etc.

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

From: SloanConsulting@aol.com [<mailto:SloanConsulting@aol.com>]

Sent: Tuesday, November 20, 2001 9:08 AM

To: vkamins@enron.com; mfkeeth@shellus.com;

gerald.w.mcelvy@exxonmobil.com; dph@swbellnet;

Bob.Peebler@halliburton.com; tina.sivinski@eds.com;

TNTipton@marathonoil.com; bwillia6@us.ibm.com

Cc: bobcasey@uh.edu; pkumar@uh.edu

Subject: Sub Group attachment

I just sent you an e-mail for the sub-group but failed to include the

attachment. Thought it would be helpful if I did!  Happy Thanksgiving.

Lane

 - Energy Community.doc <<Energy Community.doc>>


I want to keep you informed about my visa status.
My current H1B visa expires on 15th January, 2000.  My H1B visa extension
application has been submitted to INS by Milenia Soto, Enron's immigration
attorney.  I spoke with Milenia Soto yesterday and came to know that she has
not received the receipt yet, however, she told me that it is perfectly legal
to work based on the fact that application for extension has been submitted
to INS.

Milenia Soto has received the receipts from INS of my change of status
application package which includes submission of applications for change of
status,  work permit, advanced parole and finger print.  Earlier, my I-140
application was approved by INS during the first week of September, 1999.

If you need additional information and/or want to contact Milenia Soto, her
phone number is (713) 522 0141.

Sincerely,
Amitava Dhar


Please see attached.

Joseph H. Fagan
ATTORNEY
HellerEhrman
tel.:  202.912.2162
fax:  202.912.2020
e-mail:  jfagan@hewm.com
web:  http://www.hewm.com
 - Notice of Deposition Jone.rtf
 - Jones.rtf


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/31/2000
02:37 PM ---------------------------

Bryan Hull
08/31/2000 01:30 PM
To: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Michael
Walters/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON, Timothy
Blanchard/HOU/EES@EES, Chad Landry/HOU/ECT@ECT
cc:

Subject: Salsa

Enjoy....

 - salsshort.mpg


Shirley,

Thanks.

Vince

Shirley Crenshaw
08/14/2000 03:56 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Economic Espionage Act Presentation Reminder

We already did rsvp.

Vince J Kaminski
08/14/2000 03:49 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Economic Espionage Act Presentation Reminder

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/14/2000
03:49 PM ---------------------------

	Enron North America Corp.

	From:  Scott Tholan                           08/14/2000 02:29 PM

Sent by: Sharon Purswell
To: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Jim Fallon/Enron
Communications@Enron Communications, Russell Woody/Enron Communications@Enron
Communications, John Brindle, David Oxley/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT
Subject: Economic Espionage Act Presentation Reminder

Just a friendly reminder that tomorrow, Tuesday, August 15, is the day of the
Economic Espionage Act presentation.  As you may recall, on August 1, I sent
you an invitation to this presentation.   Our guest speaker is Mr. Dan Waltz
from the law firm of Patton Boggs LLP.   In 1996, Congress passed the EEA.
This Act helps shape how corporate American collects, uses and protects
valued information.  Mr. Waltz will include in his presentation some
hypothetical corporate case studies.   I believe this presentation will be
most informative, and I hope that you will be able to attend.

The presentation is scheduled to begin at 1:30 and will be held in the 50th
Floor Board Room.  If you have not yet confirmed your attendance to this
presentation, please call my assistant, Sharon Purswell at 5-7212.   We hope
to see you there!

Scott


Feast your eyes on Enron Business' cool and colorful new look.  You'll find
it in your mailbox at home and online at home.enron.com under Publications,
Enron Business, and "Volume 2, 2001".  (And if you're in Houston, you might
find a few extra copies at the Plaza Java in the lobby of the Enron Building.)

In this issue:
? Enron Direct plays hard to win small customers
? Extreme Enron debuts with exciting stories about employees who ride the edge
? Meteorologists brew science with good business
? Enron's new Vision ) how will we do it?
? Enron fights to keep the California energy crisis from spreading
? Driving business profits where you'd least expect them
? The Insider: Sprechen Zie security?
? Assisting earthquake victims in India
? Find out who won the Word Search ) and enter our Cartoon Craziness Contest
for a chance to win a $200 American Express gift certificate!  Don't dally )
the deadline for entries is Friday, May 11


Here are the components as I see them:

1999 numbers for C&I are fine; I'd do 10%, 15%, 20% reductions.
Assume C&I takes its proportionate share of the DWR's net short (i.e., if C&I
is 2/3 of load, then 2/3 of CDW purchases should go to C&I)
You can use the average price used in the DWR presentation to Legislators to
the $ amount.  The copy I've got sez that the average price for the first 5
years is $79/MWH.  That seems like the # we ought to use.
Now the hard part.  The state reportedly sez that they aren't buying the
entire net short---only that part that they feel like covering.  So how do we
factor that in?  Not sure that we can get detailed data (but check with Alan
Comnes, who might be able to provide ISO real time prices (which is where the
net short (of the net short) is being filled ISO---the ISO then sends that
bill to PG&E.
An easier way might be to use PG&E's numbers.  In their bankruptcy
announcement, PG&E sez that it's been costing them $300MM per month ($300MM *
0.67 * 0.10 =~$20MM).  We could scale this number up to account for summer
purchases.
Alternatively, we could use ENA's forward curve.

This is very quick and dirty (apologies) and I may have gotten something very
wrong.  If I've got any fatal flaws in the thinking (which happens often),
please point them out.  And if you have any questions, don't hesitate.

Best,
Jeff

	Jennifer Thome
	04/10/2001 12:17 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Robert.Neustaedter@enron.com
		 Subject: Savings for CWDR

Jeff:

Robert and I wanted to follow up with you on your question about savings that
could be realized if 10% of lg. C&Is found other energy suppliers.
Please provide a bit more info. about what you are interested in:

*Would it be a subtraction of 10% of C&I load or customers?
*How precise do we need to be, i.e., can I estimate figures based on 1999
load?

It is probably best to reply via e-mail.

Thanks, Jennifer


Jeff,

Sara has asked me to follow-up regarding the captioned Enron Affiliate and
the need to confirm a trade.

Being that this Enron affiliate does not appear in the Corporate Database I
was hoping  you could furnish details regarding this Enron Affiliate, as
follows:

1. When was the company incorporated???
2. Where was it incorporated???
3 Or did we acquire an existing company by virtue of an acquisition???
4. What is the date of the FX trade, for which this Enron Affiliate is a
party???
5. If this is a newly formed Enron Affiliate was the date of the FX trade
dated simultaneous with the company's incorporation???
6. For notice purposes under the ISDA -- would we use the following???

    Bay Wellington Tower - BCE Place
    181 Bay Street, Suite 1540
    Toronto, Ontario M5J 2T3
7. If the foregoing address for notice is sufficient -- please advise as to:
(a)  whom's attention, (b) phone number, and (c) fax number.

In discussing this matter with Sara, we have determined it would be a cleaner
transaction if the FX trade could be confirmed under an RMT master rather
than doing a Deemed ISDA confirmation.  Therefore, once you furnish the
foregoing information Sara and I will be able to decide what path to take in
order to consummate this FX trade.

Thanks for the help.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail:  Susan.Bailey@enron.com
----- Forwarded by Susan Bailey/HOU/ECT on 04/25/2001 06:22 PM -----

	Sara Shackleton
	04/25/2001 01:55 PM

		 To: Susan Bailey/HOU/ECT@ECT
		 cc:
		 Subject: Deemed ISDA

Susan:

Laurel Adams has an FX deal where RMT must be a party.  The counterparty is a
100% owned Enron sub named "Compagnie de Papiers Stadacona".  When I last
checked, nothing shows up in the corporate database.  However, I have
verified the name, ownership, etc.  with Jeff Blumenthal.  I will separately
email you the counterparty info that I have.

We need a deemed ISDA for the parties.  We should later do the ISDA when the
information is available on the database (which could be any day, I
suppose).  I would just use our standard RMT format.

Please assign.  Feel free to call me or Laurel with questions.  Thanks.

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


Lisa,

I haven't gotten the executed docs back, but I'll send you the electronic
version if that works for you.

Timing is as follows:

Northwestern gives 30 days notice of readiness to close.  If the closing does
not occur before July 16, they make another $5m payment.

10 days after notice, they fund the balance into escrow, and we close 20 days
later.

If they fail to close on or before Sept 1, they forfeit their previous
payments, unless we have failed to provide the GE consent to assignment,
which we are working on now.

I've given this timeline without looking at the doc, so I will let you know
if I missed something.

Hopes this helps.

Kay

From: Lisa Bills/ENRON@enronXgate on 05/22/2001 02:41 PM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT
cc: Herman Manis/ENRON@enronXgate, Roseann Engeldorf/ENRON@enronXgate,
Catherine Clark/ENRON@enronXgate

Subject: Northwestern

Please provide an update as to the status of the execution of the PSA with
Northwestern for the forward purchase of two turbines.  It has been some time
since I saw any documents or was involved in any meetings on this
transaction.  If executed, please insure that we have a copy for our files
and a tickler of what the action plan is with respect to having the documents
for purchase from E-next prepared and timing of execution/purchase.

Lisa


that up to you.  You might have forgotten how to effectively harass.  You
might enjoy the refresher.  Your decision.


Gerald,
As discussed yesterday, we are targeting to deliver an LOI to Oakhill Pipeline this Thursday morning.  Please review the attached LOI Draft and provide any comments.  Items in red are still being worked and will be confirmed by tomorrow afternoon.

Please contact me with any questions.

Thanks, Lisa Druzbik
3-9620


Please use the Transco Zone 6 NON New York curve for the transaction we were
talking about for Don Black.
Thanks
Ben
3-7998


Start Date: 12/24/01; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122401.txt


Alan, et al,

Below is an importnat announcement from the CAISO about its OASIS upgrade implementation, I know some may have received it, but I believe it is important that we be sure all the right folks there in Portland have reviewed it.

If there are any questions regarding this message I'll be happy to work with the CAISO to clarify any questions.

If there is anyone else in Portland who should review this message, please pass it along.

Kind Regards,

Dave
---------------------- Forwarded by Dave Perrino/SF/ECT on 06/25/2001 08:27 AM ---------------------------

CRCommunications <CRCommunications@caiso.com> on 06/25/2001 08:15:30 AM
To:	ISO Market Participants <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTICIPANTS@caiso.com>
cc:

Subject:	CAISO Notification- OASIS Re-design

		 		 Oasis Re-Design Notice

		 This notice is being issued to the Market Participants regarding the
OASIS Re-Design Project.
Included in this notice are the following:
*		 Schedule for implementation of the OASIS Re-Design site
*		 Release Notes for OASIS Version 1.1
*
*
*		 OASIS Release Schedule:
*
*		 Monday, June 25th, 2001 - The http://oasisp.caiso.com OASIS
Re-Design site is available for the Market Participants use in parallel
processing mode. This allows for development, fault tolerant handling and
regression testing.
*		 During this time, all system malfunctions which require IMMEDIATE
attention should be routed through the ISO Network Support at 1-888-889-0450
*		 Please report any other issues to the OASIS team e-mail at
http://XMLWG@CAISO.COM
*		 Monday, June 25th, 2001 -  Release of OASIS Version 1.1 - Please see
Release Notes below.
*		 Wednesday, June 27th, 2001 - TSWG Conference Call 1:30pm PPT. Call
In Number (877) 670-4111  Passcode 246870
*		 Friday, June 29th, 2001 - End of fault tolerant/regression testing
period.
*
*		 Monday, July 2nd, 2001 - Begin of Market Simulation.
*		 Monday, July 2nd, 2001 - Conference Call to detail Market Simulation
plan. (details to follow)
*		 Tuesday, July 3rd, 2001 - Structured Fault Tolerant Testing with
conference bridge.
*		 Thursday, July 5th, 2001 - Structured Fault Tolerant Testing with
conference bridge.
*		 Friday, July 6th, 2001 - End of Market Simulation.
*
*		 Monday, July 9th, 2001 - Release to Production
*
*
*
*		 OASIS Version 1.1 -  Release Notes
*
*
*		 Release Date: June 25th, 2001
*
*		 These release notes provide a summary of the new features and system
enhancements that have been implemented since the last release.
*
*		 Home Page
*		 Added Link to Transmission Owners Forum.
*
*		 Data Report Tabs
*		 Forecasts - Fuel and Emissions Prices
*		 Added XML download functionality
*		 Added to  "F07" download group
*
*		 Ex-Post - Price Mitigation Status
*		 Changed name of report to Proxy Bid Utilization Status.
*		 Added XML download functionality.
*		 Added to "T" download group
*
*		 OASIS Help
*		 Under Downloading in XML,  added Fault Tolerance Considerations
document that contains recommendations for user settings to allow for best
results in a failover condition.
*		 Under Downloading in XML, added Automating Data Retrievals document
that describes the suggested method to detect when new data publications
have been pushed to the OASIS site.
*
*
*
*
*		 Changes Effecting Customer
*		  Automated Interface Development
*
*
*		 In Maintypes.xsd, TRNS_ZONAL_CONG_PRC_DIF changed to
TRNS_ZONAL_CNGS_PRC_DIF.
*		 In the Atlas - Zonal Reference Report, report name in XML changed to
ATLS_MF_ZONE_REF.
*		 As indicated above, added Fuel and Emissions Prices report to the
"F07" group download.
*		 As indicated above, added Proxy Bid Utilization Status report to the
"T" group download.
*
*
*		 Internal System Enhancements
*
*		 Modified Domain Name Server configuration to allow for improved load
balancing and enhanced fault tolerance.

		 		 ____________________

		 		 Please send any comments or suggestions to:
xmlwg@caiso.com


Please let me review final changes.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 06/23/2000 12:53 PM -----

	"Linda Busk" <Lbusk@hsresources.com>
	06/23/2000 11:17 AM

		 To: <Sara.shackleton@enron.com>, <Susan.Flynn@enron.com>
		 cc: "Jim Duffy" <Jduffy@hsresources.com>, "Jim Kincaid"
<Jkincaid@hsresources.com>, "Marc Peter" <Mpeter@hsresources.com>, "Pam
Smith" <Pasmith@hsresources.com>, "Theo Gazulis" <Theo@hsresources.com>
		 Subject: Comments on ISDA - from Jim Piccone

The documents are fine except that we agreed that the following language
would appear at the end of the sentence in the Cross Default section (part
1(b) of the Schedule to the Master Agreement):

; provided, however, the words ", or becoming capable at such time of being
declared," as they appear in Section 5(a)(vi) are hereby deleted.


Mark Elliott tells me that you drafted some trader guidelines (physical and
financial) for the London traders.  I am trying to develop similar guidelines
for the Southern Cone regions (first Argentina) and thought your expertise
would be very helpful.  Could you send me a set?  I'm leaving for Sao Paulo
on Saturday but I will be in the office tomorrow.  Thank you for your help.
Regards.  Sara


----- Forwarded by Tana Jones/HOU/ECT on 06/30/2000 03:07 PM -----

	Darin Talley@ENRON
	06/30/2000 02:49 PM

		 To: Tana Jones/HOU/ECT@ECT, Mark Jones/LON/ECT@ECT, Julie S
Gartner/HOU/ECT@ECT, Mark Ng/Corp/Enron@ENRON, Faith Killen/HOU/ECT@ECT,
Johnson Leo/GPGFIN/Enron@ENRON, Gilda Bartz/GPGFIN/Enron@ENRON
		 cc: Georgeanne Hodges/HOU/ECT@ECT, Mark Frank/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Trey Hardy/HOU/ECT@ect, Patricia Anderson/HOU/ECT@ECT
		 Subject: NYMEX F/S

ENA BA&R is currently in the process of preparing the 12/31/99 financial
statements to be filed with the NYMEX by July 21st in order to keep our
trading seat.  These financial statements reflect all of the North America
trading operations.  ECTEG1 is ENA's legal rollup within Hyperion and should
reflect all of the North American trading (i.e., price risk management)
activity.  Therefore, Consolidated Reporting, with the assistance of Trading
Accounting and Tax, prepared the financial statements with ECTEG1 activity.
These financial statements are complete and ready for BA&R management review
and reflect $722MM in earnings.

However, as of 6/29, we were notified by the Tax department that three
companies were included in ECTEG1 as of 12/31/99 that were no longer legal
owned by ENA.  In addition, there was one company that became ENA owned
during 1999.  The companies are as follows:

Improperly Included:
ECM Treasury Consolidated  (Company 969)
ECT Retail Services    (Company 1Q6)
ECT Power Marketing, Inc. - Retail  (Company 890)

Improperly Excluded:
Enron Gas Liquids, Inc.    (Company 104)

I have corresponded with Tana Jones from the Legal department, Johnson Leo in
Corporate Reporting, and Julie Gartner from the Tax department to determine if
the financial statements that we prepared reflected accurate and complete
North America trading activity.  These discussions confirmed that the
Hyperion legal
structure was not accurately reflecting ENA's actual legal ownership.  In
addition, the three companies have $192MM in trading activity income that
would be
removed from the bottom line.  This activity should probably be reported to
the NYMEX (regardless of legal structure) as it represents price risk
management
activity.

The primary issue is accuracy of the financial statements.  We are prepared
to have to restate the compiled financials as soon as we are notified where
we can retrieve accurate ledger information.  The other main issue is
timing.  We need to file these financial statements no later than July 21st.
Before that can
happen they need to be reviewed by several levels of management in several
departments.

The Legal department is currently reviewing the NYMEX requirements in order
to determine the proper activity to report.  As soon as that is determined,
we can
proceed with data retrieval.

Please contact me if have any questions, concerns or comments.

DT


FYI
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
14/07/99 04:57 PM ---------------------------

Margaret Santos
14/07/99 07:48 PM

To:   Buenos Aires Argentina - Office Staff, Salvador Brazil - Office Staff,
Rio de Janeiro Brazil - Office Staff, Cuiaba Brazil - Office Staff
cc:   Nadege Araujo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven
Madrid/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject:  S?O PAULO PHONE LIST

DEAR COLLEAGUES,

HERE IS THE UPDATED PHONE LIST OF S?O PAULO OFFICE.

THANK YOU,  (See attached file: PHONE_LIST.xls)

MARGARET

 - PHONE_LIST.xls


Alan,
I just want to pass on the two names I had mentioned previously to you. Eric Linder and Steve Merriss. Their home numbers are 503-753-8716 and 503-241-3729 respectively. Both had worked for me for about 8-9 months. These are the only numbers I have for them as their cell phones have been canceled.

Bill


Megan/James--

Here is a revised copy of the Tenaska business for April (per Megan's Eagle Eye).....sorry for the inconvenience.

And don't forget to back out  20.000 less fuel to get the total delivered on the transports.......the 20.000 comes from
the last 4 days of the month at meter17-4335-00 and is payback by Williams....it is not figured in, because there noms are kept whole in this
worksheet.

Thanks,
Mark
x33396


Version 2.0 of the ClickAtHome Portal is now available!
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browser, 5.0 or higher.


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/10/2001 11:57
AM ---------------------------

Kay Mann
04/06/2001 11:25 AM
To: Sheila Tweed/HOU/ECT@ECT
cc:

Subject: Re: Pegasus: ENA Consent and Legal Opinion

I would really appreciate your advice.  I have to learn it somehow, and I
know that you have an excellent idea of what works.

Thanks,

Kay

From: Sheila Tweed@ECT on 04/06/2001 11:22 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Pegasus: ENA Consent and Legal Opinion

Mark is the signer of opinions and I know what he will sign and what he
won't, so I'll be glad to help you through it but it's

	Kay Mann@ENRON
	04/06/2001 10:47 AM

		 To: Sheila Tweed/HOU/ECT@ECT
		 cc:
		 Subject: Re: Pegasus: ENA Consent and Legal Opinion

They have a financing out in the letter agreement.  We have to use
commercially reasonable efforts to deliver GE consents, but I don't recall
anything about in other financing docs.

Is someone in the dept designated as the opinion reviewer?

Kay

From: Sheila Tweed@ECT on 04/06/2001 10:19 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Pegasus: ENA Consent and Legal Opinion

I guess I'm not sure I know what's in the letter agreement.  If it's a done
deal, I'd say no or at least maybe.  We only give due authority opinions and
we try to narrow our obligations to lenders under Consent Agreements

	Kay Mann@ENRON
	04/06/2001 09:15 AM

		 To: Sheila Tweed/HOU/ECT@ECT
		 cc:
		 Subject: Pegasus: ENA Consent and Legal Opinion

Nice touch, sending this the day after the letter agreement was signed.  Can
you enlighten me on the ENA procedures and sensitivities to these types of
docs?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 09:14
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/06/2001 09:07:25 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "John Keffer (E-mail)"
<JKeffer@KSLAW.com>, "Kay Mann (E-mail)" <kay.mann@enron.com>, "Rick Vicens
(E-mail)" <rvicens@deltapower.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>
cc: "John Tisdale (E-mail)" <jtisdale@jhancock.com>, "Dan Revers (E-mail)"
<drevers@arclightcapital.com>, "Amy Weed (E-mail)" <aweed@jhancock.com>,
"BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject: Pegasus: ENA Consent and Legal Opinion

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We understand that the Letter Agreement is to be signed today, and attach
for your comments a form of ENA consent to collateral assignment of the
Letter Agreement and a form of legal opinion to be issued by in-house
counsel to ENA.  Both documents are conditions precedent to funding.

Kind regards
Isabel

 - NY003700425.DOC
 - NY003699617.DOC


Vincent,

I got the E-rating and default probabilities for Promigas from the credit
group.
Could you plug in these numbers to the loan guarantee model ?
Promigas is rated as BB.

Zimin

---------------------- Forwarded by Zimin Lu/HOU/ECT on 02/04/2000 08:41 AM
---------------------------

Tanya Rohauer
02/04/2000 07:27 AM
To: Zimin Lu/HOU/ECT@ECT
cc:
Subject: Prob of default for E rating 7 as of 2/3/00


CALENDAR ENTRY:	INVITATION

Description:
	meet w/ Jill Vogelfang  Shephard between Alabama/Westheimer near the Book Stop - New Fox Diner

Date:		5/8/2001
Time:		12:00 PM - 1:30 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Milly it looks like your head of parking and you may need to lease our office
space too.
---------------------- Forwarded by John J Lavorato/CAL/ECT on 03/28/2000
03:42 PM ---------------------------

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Cliff Lawrick                           03/27/2000 09:48 AM

To: John J Lavorato/CAL/ECT@ECT
cc:
Subject: Re:

No luck yet.  Barnicke is offering the space at less than market but still no
takers.  Part of the issue is the term and part is the market.


Attached, please find ABX 67 (Cardoza) which would make it a felony to
sell power for unjust or unreasonable rates.

http://info.sen.ca.gov/pub/bill/asm/ab_0051-0100/abx1_67_bill_20010424_amended
_asm.pdf


Hey,
Can you add Whalley and/or Andy Zipper to Pedrone's interview schedule.  He
can come in earlier if necessary.

If you need to talk to him, he is staying at the Omni and his cell number is
917-699-2222.

John


Dear Mechelle,

Although I am still somewhat confused about goals and deliverables of the
model project that we discussed last week, I thought I would share some
information with you that may help you better scope this project.  As I
currently understand it, AA wants to ensure that all databases, spreadsheets
etc are inventoried.

Currently, risk management is incharge of setting up curves and books in the
source systems. We are responsible for setting up the relevant curve/book in
RisktRAC.  We have no access to the source systems. We are changing this
process by:

Instead of being inserted in the middle of the process we are working with IT
to transfer over the responsibility of establishing curves and books in the
source systems to ourselves.  At the moment we are concentrating on ERMS,
then will work with EnPower, and lastly, exotic spreadsheets.
We are developing a process to validate all new curves the day they are
created.
Our global exception reporting captures books & deals that do not make it
into any of the VAR, credit, or DPR.
An inventory of active books in the RAC website (which all risk management
personnel have access to) is being created.  This is a short term fix until
the counterparty book library initiative can meet our needs (not before
March).
We are putting a tool together to track all of the book requests.

I'll keep you updated on our progress.

Best regards

Shona


Please include EGM

Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/11/2000
11:01 AM ---------------------------

	From:  Jennifer Fraser                           10/11/2000 08:14 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Associate/Analyst Super Saturday Participation

EGM is not listed as one of the business units
---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/11/2000
09:14 AM ---------------------------

	Enron North America Corp.

	From:  Shelly Jones, Recruiting Manager @ ENRON
10/10/2000 06:03 PM

Sent by: Enron Announcements@ENRON
To: All Enron Employees North America
cc:
Subject: Associate/Analyst Super Saturday Participation

Enron Managing Directors, Vice Presidents, Directors, and Managers  Who
Utilize the Associate/Analyst Pool

As a follow up from a "SAVE THE DATE"  email regarding your participation in
the  Associate and Analyst  Super Saturday process, now is the time to select
your dates to attend and participate.

Below are the dates for Super Saturday weekends during the upcoming
recruiting season.  If you are Houston-based or if you know you will be in
Houston on business at the appropriate times please click the link below to
volunteer.

http://axis.enron.com/notice/ssinvite.asp
(When selecting dates please avoid selecting to interview candidates who
attend the schools for which you are a team member.)

Associates     Analysts
October 27-28, 2000    November 3-4
Thunderbird, UT, Georgetown, Rice  Rice, UT, Baylor, A&M, OU, Florida, LSU,
UHCL

November 10-11, 2000    November, 17-18, 2000
Columbia, Stern NYU, UCLA, Darden, Cornell Penn, UVA, Vanderbilt, Michigan,
Howard, AUC,
Vanderbilt, Michigan    UHMain

December, 1-2, 2000    December 8-9, 20000
Chicago, Kellogg, Harvard, Wharton, MIT Wellesley, overflow and re-schedules
from previous s/s

Friday, December 15, 2000
Carnegie Mellon

Thank you for your support of the Associate and Analyst Programs.
Shelly Jones
Recruiting Manager


In case you didn't see.
---------------------- Forwarded by Marty Sunde/HOU/EES on 12/28/2000 07:05
PM ---------------------------

Scott Stoness
12/27/2000 01:50 PM
To: Marty Sunde/HOU/EES@EES
cc:
Subject: What we would like Lay to get from Davis

Marty.  This is a summary of our message from this morning for you to send on
or discuss with Keene.  I hope this is helpful.  Scott

What's important
Give solvency to the utilities by guaranteeing no banckruptcy against the
generation assets of the utilities.  Guarantees to be recovered, if needed,
through surcharges over 10 years.  This should give the process time for
thoughtful solutions.  Ending the rate freeze now will give the utilities an
undeserved windfall (3.5b alone related to nuclear assets in year 2001).
There should be thoughtful process to determine: i) how to keep deregulation
going, ii) how existing generation assets should be used, iii) what are the
value of existing assets, iv) when is the appropriate time for customers to
be exposed to the market, and v) what kind of market structure would be
appropriate going forward.
Customers should not be dumped into the market, now or in the next year,
while it is extremely illiquid due to many errors of the utilities.
There should not be retroactive rate making (the negative ctc should be paid
until at least the rate freeze is ended)
All customers should be treated equally with respect to existing generation
assets that they paid for for the past 4-30 years.
There should be a special hearing called to debate demand side prospects (ie.
curtailment etc.)

From: Steven J Kean@ENRON on 12/26/2000 07:01 PM
To: Marty Sunde/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
cc:
Subject:

The Governor cancelled the meeting at the last minute.  Apparently, he was
trying to schedule a meeting with Clinton and our meeting conflicted, so we
were bumped.  We are trying to set a new time.  I will share with the
Governor's energy advisor the information and recommendations all of you
helped put together.  Thanks


I have not updated the last 4 days of the month yet.


Hi Vicki
Hope you had a good holiday.  When we spoke yesterday, I think I gave you a wrong number for Grant - His work number is 713 522 6300 (ask for Grant Cox).  He is expecting your call around 500 and will meet you in front of the Frost Bank Building on Norfolk (across from the post office).  Ella also has a note for you with this information.  Talk to you soon and thanks again.

Elizabeth Sager
713-853-6349


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000076111&Page=MyReq.


Copy of letter sent to M. Fitch, Fasken Martineau DuMoulin.

Scott A. Turner
Blake, Cassels & Graydon LLP
Suite 2600, Three Bentall Centre
595 Burrard Street, PO Box 49314
Vancouver, BC  V7X 1L3

Tel:  604.631.3318
Fax:  604.631.3309
E-mail:  sat@blakes.com

This e-mail communication is confidential and legally privileged.  If you are
not the intended recipient, please notify me at the telephone number shown
above or by return e-mail and delete this communication and any copy
immediately.  Thank you.

 - LtrtoMFi.DOC


----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 11:04 AM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	03/06/2001 10:43 AM
	Please respond to "Julee Malinowski-Ball"

		 To: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff"
<siliff@riobravo-gm.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Ross Ain" <rain@caithnessenergy.com>,
"Roger Pelote" <roger.pelote@williams.com>, "Robert Lamkin"
<rllamkin@seiworldwide.com>, "Richard Hyde" <rwhyde@duke-energy.com>, "Randy
Hickok" <rjhickok@duke-energy.com>, "Paula Soos"
<paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Marty
McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent
Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>,
"Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe
Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>,
"Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Eric Eisenman"
<eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley"
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>,
"Craig Chancellor" <craigc@calpine.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Quan-Hill, Danielle"
<danielle.quan-hill@mirant.com>, "Theo Pathos" <theo@ppallc.com>, "Susan
McCabe" <smccabe@mccabeandcompany.net>, "Scott Govenar"
<sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross"
<robbiz@cwo.com>, "Phil Isenberg" <Isenberg@HMOT.com>, "Mike Monagan"
<mrmonagan@aol.com>, "Maureen OHaren" <Oharen@HMOT.com>, "Marie Moretti"
<mmoretti@mccabeandcompany.net>, "Jamie Parker" <jparker@hmot.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "DJ Smith" <djsmith@smithandkempton.com>,
"Delany Hunter" <dhunter@smithandkempton.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Cary Rudman" <cjrudman@softcom.net>, "Bev
Hansen" <bhansen@lhom.com>, "Anne Kelly" <kelly@hnks.com>, "Rina Venturini"
<rventurini@teamgsi.net>
		 cc: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>, "Chris Ellison" <CTE@eslawfirm.com>, "Andy
Brown" <ABB@eslawfirm.com>, "Doug Kerner" <runwithmee@aol.com>
		 Subject: SB 28x amended

Attached is the amended version of SB 28x (Sher/Battin) which contains
several changes to the siting process, including many sponsored by IEP.  The
bill is being heard in the Senate Energy Committee today.

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net

 - sbx1_28_bill_20010305_amended_sen.pdf


---------------------- Forwarded by Mike McConnell/HOU/ECT on 01/08/2001
12:39 PM ---------------------------

	Enron North America Corp.

	From:  Stephanie E Taylor                           01/08/2001 12:01 PM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Subscription Renewal

Dear Mike,

We have renewed the following subscriptions in your name:
 Fortune
 Wall Street Journal
This is the last time that eSource will process renewals for Fortune.  In the
future all renewal reminders and invoices will come directly to you.
** Please send me your Company and six digit Cost Center (RC) numbers so that
we will have them on file when the publisher bills us for the subscriptions.
Let us know if you have any questions.
Thank you,
Stephanie E. Taylor
eSource
713-345-7928


FYI.
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 09/30/99 09:12
AM ---------------------------

Matthias Lee
09/29/99 03:20 AM
To: Robert Quick/LON/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, Anita Fam/SIN/ECT@ECT, Angeline
Poon/SIN/ECT@ECT
Subject: MT Pacific Valour - 3KT PX Daesan to Map Ta Phut

Robert

As spoken, I have been advising Russell Aeria here in Singapore on a
contentious matter.  Watson Farley & Williams ("WFW") have been retained as
external counsel. Because the issues are to be determined under English law
and your experience with admiralty matters, Alan has suggested that we seek
your counsel as well.

Below are the salient facts and issues. If you need and clarification or wish
to discuss, please call me  or let me know if we should schedule a time
tomorrow to speak again.

My numbers are : (65) 838 9103 (office); (65) 96919646 (mobile)

Facts:

1. ECTS purchased 3KT PX from Hyundai Singapore Pte Ltd ("Hyundai") FOB
Daesan, Korea; loading date range  14 - 20 Sept. ECTS sold the same 3KT PX to
Tuntex (Thailand) Public Company Limited ("Tuntex") CFR Map Ta Phut Thailand;
delivery date range 1 - 30 Sept.

2. ECTS chartered the Pacific Valour under asbatankvoy ETA Daesan 11/12 Sept,
Laycan 14 - 20 Sept.  The vessel was not able to meet ETA at Daesan
apparently because of delays at the preceding port in China The vessel
ultimately advised on 20 Sept ETA 22/pm, ie. 2 days beyond loading date
range.

3. ECTS failed to secure alternative tonnage primarily because of a typhoon
on 20 Sept. On 21 Sept, Hyundai terminated the agreemnet to supply the PX on
grounds that loading date range has expired. ECTS cancelled the charter on
the same day.

4. Alternative supply has been arranged for Tuntex. ECTS is considering
possible actions against Hyundai and the vessel owners.

5.  WFW has advised, subject to facts and evidence, ECTS has a reasonable
chance against the vessel owner for failing in their duty of reasonable
despatch to make the itinerary. We are comfortable with this opinion. WFW,
however, has opined that WCTS does not have a reasonable cause of action
against Hyundai, and it is in this regard we seek your comments.

Issues& advice:

a. Whether the loading date range is a condition of the contract with Hyundai
such that ECTS's failure to load within the date range was a breach entitling
Hyundai to rescind.

WFW advise that it is a condition as time in commercial contracts are of the
essence unless expressed otherwise.

b. If prima facie a condition, whether the definition of "Default" in the
confirmation (Enron's buyer form) with Hyundai under "DEFAULT, TERMINATION
AND LIQUIDATION", namely,  "...a material breach of this Agreement and fails
to cure such breach within ten (10) daysafter written notice..." implies into
a contract a cure period for material breaches.

WFW advise that there is no legal basis to argue that the clause overrides
Hyundai's right to terminate.

I attach the Hyundai confirmation for your easy reference:

c. Whether the taped conversation between Russel and Joseph Tan amounts to an
election to affirm the contract on the part of Hyundai such that they cannot
thereafter rely on ECTS's breach to terminate.

I was given the transcript yesterday and examined it closer today. It is
quite short and attached for your reference. The conversation took place on
20 Sept at about 9 am.

I have today asked WFW for their opinion on the same and expect them to
revert before the end of the day.

My view is that it is difficult to construe an election from the conversation
which amounts to Hyundai giving up their right to terminate. Even if it were
an election, I am of the view that it would be limited to an extension untill
21 Sept. In this regard, the vessel did not arrive until 22 Sept and we
advised Hyundai before they terminated on 21 Sept that ETA was 22/pm.  Please
let me have your comments notwithstanding.

If you wish to review WFW's opinions, please let me know and I'll fax them
across. I look forward to hearing from you soon.

Many thanks

Matt


call this guy listed below
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/13/2000 02:55 PM
---------------------------

Jim Schwieger
11/13/2000 12:19 PM
To: Scott Neal/HOU/ECT@ECT, Rodolfo Freyre/SA/Enron@Enron
cc: Paul Bieniawski/Corp/Enron@ENRON
Subject: Above ground storage

Scott:
I would suggest referring them to Paul Bieniawski at 713-345-8641.

 Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 11/13/2000 12:14
PM ---------------------------

Scott Neal
11/12/2000 07:12 PM
To: Jim Schwieger/HOU/ECT@ECT
cc: Rodolfo Freyre/SA/Enron@Enron
Subject: Above ground storage

Jim,

Any thoughts or guidance on the question below?

Scott
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/12/2000 07:11 PM
---------------------------

Rodolfo Freyre@ENRON
10/25/2000 12:13 PM
Sent by: Rodolfo Freyre@ENRON
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Above ground storage

Scott,

Any idea who could help us understand alternatives on "above ground storage"
within North America?

Thanks,

Rolo


I will be attending a funeral tomorrow,  but I am available to meet on Tuesday.    Thank you for checking back with me.

JMF


Please disemminate more widely as you may think appropriate, but below is a
copy of the summary and conclusions of a study commissioned by the European
Commission on the "social effects" (meaning "unemployment", among other
things) of liberalisation.  Thought many of you would find it of interest for
a  variety of your research and target audiences.  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 09/10/2000
17:14 ---------------------------

Nailia Dindarova
09/10/2000 16:16
To: Govt Affairs
cc:

Subject: Commission's study on the social effects of liberalisation

Please see attached a summary and conclusions of the study carried out by a
consulting firm (ECOTEC) at the Commission's request.

Nailia


GOING????!!!  How about completely gone!  I've only been here an hour and a
half and already we've had two major crisises!  Doesn't that sound like fun?
Have you thought of a gift I could give to my friends in Australia yet?  You
really need to get on that.  I'm going shopping this weekend.  I have to buy
a mother's day gift for my mom (I know a little late, but I haven't seen her
yet) and a birthday gift for my younger brother (can't call him little
anymore, he's as big as me) and I think I'm going to go ahead and get a
father's day gift for my dad.

Well, have fun.  Talk to ya later.
RR

Becky Pitre
06/07/2000 03:40 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Close lunch menu!

I hate to complain but the lunch was greasy and the garlic in the fettuccini
was crunchy and there was a ton of it.  Can you smell the garlic from there?
At least the cheese cake was good.
I'm going crazy.
B
---------------------- Forwarded by Becky Pitre/HOU/ECT on 06/07/2000 03:36
PM ---------------------------

Renee Ingram
06/07/2000 08:38 AM
To: Frank Cernosek/HOU/ECT@ECT, Tracey Irvin/HOU/ECT@ECT, Mary Lynne
Ruffer/HOU/ECT@ECT, Jim Little/HOU/ECT@ECT, Phyllis R Kennedy/HOU/ECT@ECT,
Jeffrey McClellan/HOU/ECT@ECT, Stacey Burnett/HOU/ECT@ECT, Carla
Nguyen/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT, Brooklyn
Couch/HOU/ECT@ECT, Todd Warwick/HOU/ECT@ECT, Eric Francis Calub/HOU/ECT@ECT,
Jennifer K Longoria/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Troy
Klussmann/HOU/ECT@ECT, Shannon Carmichael/HOU/ECT@ECT, Becky
Pitre/HOU/ECT@ECT, Misti Day/HOU/ECT@ECT, Paula Harris/HOU/ECT@ECT, Tracy
Greene/HOU/ECT@ECT, Simone La Rose/HOU/ECT@ECT, Suzanne
Nicholie/Corp/Enron@ENRON, Patricia Villalobos/Corp/Enron@ENRON, Jim
Pond/Corp/Enron@Enron, Jerry Britain/HOU/ECT@ECT, Susan Helton/HOU/ECT@ECT,
Edie Leschber/HOU/ECT@ECT, Tammy Barta/HOU/ECT@ECT, Tammy R
Shepperd/HOU/ECT@ECT, Jody Pierce/HOU/ECT@ECT, Shelly May/HOU/ECT@ECT, Toni
Bustamante/HOU/ECT@ECT, Julie A Garcia/HOU/ECT@ECT, Lindsay Long/HOU/ECT@ECT,
George Thomas/Corp/Enron@ENRON, Shiji Varkey/Corp/Enron@ENRON, Kelly
Ellis/Corp/Enron@Enron, Patricia Bloom/HOU/ECT@ECT, Anthony
Austin/HOU/ECT@ECT, Theresa Vos/Corp/Enron@ENRON, Amy Spoede/HOU/ECT@ECT,
Allan Wu/HOU/ECT@ECT, Jennifer Cauley/Corp/Enron@Enron
cc:
Subject: Close lunch menu!

My apologies for the lateness of the notice!!!   Please see below!!

   Chicken Marsala
   Fetuccini tossed in butter
   Tossed Salad
   Rolls
   Iced Tea
   Cheesecake

 Lunch will be served in the usual place around 11:15 a.m.

Renee


ADMINISTRATIVE

Enron Conservation Committee - The committee met with Corporate Express to
discuss the use of recycled office materials.  Significant cost savings are
expected from the use of these materials, especially the laser jet ink
cartridges.  EHS Corp. volunteered to conduct a pilot study using free laser
jet ink cartridges for the next few weeks.  Results will be documented and
discussed with committee members.  If pilot study is successful , results
will be shared with Global Sourcing and other departments in Enron.   Other
major corporations in Houston have successfully used these cartridges.

2001 EHS Corp. Conference - EHS is preparing the list of conference attendees
and developing regional conference needs.  The list of attendees will be
completed March 29 and the list of needs on April 4.

ADVOCACY COORDINATION & COMMERCIAL SUPPORT

Air Quality/Multipollutant Strategy - Jeff Keeler coordinated Enron's
involvement in air quality and "multipollutant" initiatives:
Made a presentation to the U.S. EPA Clean Air Act Advisory Committee on the
drivers behind the current debate over multipollutant approaches for the
power sector and the characteristics of innovative and (hopefully) effective
approaches being explored by Enron and other companies.
Continued to meet with White House, EPA, DOE and congressional contacts on
the subject, and led strategy development efforts with in the "Clean Power
Group" coalition.   Presented a strategy for reaching out to coal interests
(beyond large coal users - i.e., producers, unions) to gain support for our
proposal as one that is "good for the future of coal generation."
Worked to provide business units with information concerning the Bush
administration's actions on carbon dioxide and global climate change issues,
congressional, industry and environmental group responses.
staff on possible responses and future strategies.  Jeff is working closely
with Senate Environment Committee staff to craft legislation that will still
move forward on NOx, SO2 and mercury while continuing to look at meaningful
approaches to carbon reduction.

California Energy Crisis & Environmental Regulation - Mary Schoen her
leadership in providing intelligence and analysis to commercial and
government affairs groups on environmental policy activities affecting the
California crisis.  Mary produced analysis of new California bills and
executive actions affecting permitting and environmental regulation of power
generation sources, and provided feedback to Enron commercial groups,
government affairs and regulators.  Mary also worked on further analysis of
actions being taken by state CARB officials and local authorities in the
SCAQMD to potentially revise air quality programs.

Trading Market Development - Stacey Bolton continued to provide leadership on
developing Renewable Energy Credit trading markets and providing related
opportunities to Enron businesses.
PJM: Contacted Rich Sedano (Former VT Commissioner, now w/RAP) re: our
efforts in PJM -- he is joining our efforts which will add credibility with
regulators.  Contacted Natsource and Evolution Markets, both of whom are
joining our coalition.  Working on draft strawman and policy paper with
coalition.
NePool: RFP for system administrator was submitted to interested parties.
Texas REC program:  Attended workshop on implementation of REC program and
Voluntary Certificate Program.  Submitted oral comments and questions on
streamlining voluntary certificate program w/ REC program and ensuring there
is adequate verification.
Texas - Energy Efficiency Allowances:  Organizing a group of stakeholders to
push forward a proposal for  RECs and  energy efficiency savings to be
eligible as NOx allowances under the Houston/Dallas SIP, including:
Natsource, TX Renewable Coalition; O2; Evolution Markets.  Setting meetings
at TNRCC in mid-April to present proposal.

Enron Renewable Energy Desk - Stacey Bolton continues coordination with
Elliot Mainzer on forming a team to respond "holistically" to his regulatory
needs.  Working w/him on messaging of his efforts.

Texas Environmental issues/opportunities - Stacey Bolton met w/Jean Ryall to
get a system in place for analyzing Texas environmental legislation and
regulations and providing feedback to government affairs on pending
legislation.

COMPETITIVE INTELLIGENCE & BUSINESS OPPORTUNITIES

Greening the Enron Building - Stacey Bolton held a "kick off" meeting and
organized team toward structuring deals that would allow Enron to announce it
is the first Fortune 500 company to go 100% "green".  EES is pricing the
commodity end for facilities and getting back w/them today.  Michael Payne
and Mike Curry are pricing out the Renewable Energy Credits.  Catherine
McKalip-Thompson is working on draft press release (Peggy Mahoney/EES and
Stacey I to review comment on.  Next steps: figure out exact cost; present to
business units and/or Jeff Skilling for approval.  Plans to announce if deal
goes through on Earth Day.

CO2 and Mercury Regulation -  Jeff Keeler provided ENA developers with
information on the long term regulatory picture for control of emissions from
CO2 and mercury, which could affect our interests in developing/purchasing
coal generation assets.

Power Technologies - Equity Investments -  Jeff Keeler provided analysis to
Enron Principal Investments group on several potential technologies:
Provided analysis on a "dual-fuel" diesel technology that would allow
emergency diesel generators to switch to 80% natural gas, lowering emissions
profiles and allowing them to sell electricity to the grid.  There is a
potential for success in distributed generation markets, as well as other
applications.
Provided potential leads for investment opportunities in coal gasification
and carbon sequestration technologies.

EES - business lead with Landauer -  Stacey Bolton had a conference call
w/Landauer (a Grubb & Ellis Co) re: installation of solar panels and
distributed generation on large strip malls, starting in NY.   Their proposal
won't work at the present time, but passed along a contact name to EES
commodity sales re: signing on Grubb & Ellis as a customer.

Energy Efficiency:  Pennsylvania C&I Negawatts Program - Continuing work with
subcommittee to refine minor points for submission to the Green Power Board.
Program launch target is still June.

Environmental Labeling - Ohio - Stacey Bolton continues to assist EES with
their initial label in Ohio.

REGULATORY TECHNICAL ANALYSIS

TXOGA Pipeline Committee - Marc Phillips attended a TXOGA Pipeline Committee
meeting to discuss the latest information regarding the Texas legislative
session.

ETS Environmental Conference - Marc Phillips presented information at the ETS
Environmental Conference regarding five air regulatory issues with
significant cost to ETS.

EES Tax Credits - Marc Phillips provided information to EES personnel about
the tax credits that are available for pollution control equipment. The
information is located on the EH&S web page.

ETS Iowa Title V Fees - Marc Philips provided comments to Iowa ETS personnel
regarding a draft regulation to raise the minimum Title V permit fee to
$1,000 in Iowa.

Environmental and Safety Report - The RTA Group is in the process of placing
the Environmental and Safety Report on EH&S's intranet web page.

API Safety and Fire Protection Committee - Russell Tucker took part in the
API Safety Engineering & Regulatory Task Force meeting followed by the
attendance at the full Safety & Fire Protection Subcommittee meeting during
which each project underway was evaluated and course corrections made where
necessary. Main topics centered on the changes under consideration by NFPA
for the fire and building codes, the proposed ANSI standards for Safety &
Health and Ergonomics, 2001 Safety Conference agenda, legislative and
regulatory advocacy issues, budget realignments, and decisions on expiring
Recommended Practices as to revision or deleting.

NAM OSHA Steering Committee - Russell Tucker assisted during a NAM OSHA
Steering Committee conference call with the determination of those parts of
the recent OSHA final rule amendments for the Recordkeeping regulations that
should be kept during forth coming negations with OSHA pertaining to the
Complaint filed by NAM in the D.C. District court. Also those parts addressed
in the Complaint as concerns were prioritized.

Enron Ergonomics Program Workstation Solutions - Russell Tucker completed the
HTML browser based Internet workstation Solutions program for displaying
unique problem solving ideas for resolving most difficult workstation
ergonomics problems.  Vendors were arranged for U.S. wide ordering and demos
of most products included in the program were donated for use in the Houston
campus.  This program will be available to the Facilitators of the Enron
Ergonomics Program as a resource to reduce their time in finding solutions to
the most difficult situations expected to be encountered.

Stormwater Regulations -- Jim Peterson is preparing an updated Storm Water
Notice incorporating regulatory changes.

GREENFIELD CAPITAL PROJECTS

Cuiaba Lessons Learned Project - Joe Kolb and Catherine McKalip-Thompson have
made considerable progress in writing the first draft of the report.   The
internal Lessons Learned meeting is still scheduled for the end of April.
EUROPE

UK, Enron Metals ) Henry Bath  -  Alan Stringer coordinated a meeting with
regulators to discuss issues raised in environmental report.  The meeting was
scheduled for April 2nd to determine additional work required to procure
planning permission for new warehouse.

ENRON GLOBAL ASSETS
(Central America, South America, India and Asia)

Philippines, Batangas & Subic Power Plants - Bal Wong conducted an EHS
inspection of Batangas and Subic Plants.  The inspection report will be
prepared next week.   However, initial observations indicate that the plants
do not have major EHS issues.

India, Dabhol Power Plant ) Alan Stringer  will extend his on-sight support
until April 14, 2001.

Panama, Bahia Las Minas (BLM) Ambient Air Monitoring Stations - Donnie
Willmann is assisting BLM and ThermoRetec in preparing a specification list
for the two  ambient air monitoring stations at BLM which are for sale.  Greg
Whelan at the Cuiaba  plant read the information in the weekly report and has
indicated that he knows a company that would be interested in this
equipment.  He will follow up on this lead.

Puerto Rico, San Juan Gas Remediation Project - Puerto Rico Environmental
Quality Board (EQB) indicated verbally that the Feasibility Study was tacitly
approved by their approval of the Quality Assurance Plan.  San Juan Gas sent
a clarification  letter to the EPA expanding on the details of the disposal
of the water from the fire water tank.

Puerto Rico, EcoElectrica:  Donnie Willmann met with Victor Vega in Houston
to discuss EHS issues such as  safety awareness program, Process Hazard
Analysis, implementation of the Dupont STOP program, and Process Safety
Management implementation.  Both met with Don Hawkins to discuss combining of
operational audits from Enron and Edison Mission  currently scheduled in
October and November of this year, respectively.  Combining both audits will
reduce costs.

Caribbean/Latin America Operational Audits - Donnie Willmann, Bill Curra and
Edgar Zuleta continue to review the Audit Action Item Lists and are working
with the facilities to resolve outstanding action items.

Bolivia, Transredes "Crisis Plan Implementation" and New Headquarters Bldg. -
Edgar Zuleta incorporated  corrections to the draft new Transredes Crisis
Plan.   He presented to Transredes the new Audit Management System (AMS)
program and represented Enron EHS Corp. in the opening ceremony of Transredes
new corporate headquarters.

Brazil, SCGas - Edgar Zuleta completed field visits, prepared a draft report
using the new AMS and conducted an exit debriefing  to SCGas management. An
separate report was prepared addressing contractor EHS findings. The draft
reports are being reviewed by SCGas.  SCGas is doing an excellent job at
controlling EHS risks and managing EHS issues.   SCGas was very pleased on
the use of the AMS and Edgar's performance in this audit.

Brazil, Elektro - Edgar Zuleta traveled to Campinas, new headquarters for
Elektro in Brazil.   He discussed  EHS objectives and targets, monthly
reports, audit tracking reports.   Reporting deadlines were discussed and
agreed to improve communications between Enron SA and Elektro.  The new EHS
AMS program was introduced.  The director responsible for EHS will discuss
with operations management the possibility of using the new AMS.

Brazil, Cuiba Power Plant - Edgar Zuleta and Sandra Maldonado arranged the
preparation of the safety award plaque to be presented to Cuiaba Power Plant
for 2 years without a loss time accident.

ENRON ENERGY SERVICES

EES - Distributed Power Generation ) Gus Eghneim continues to provide
permitting support to the distributed power generation team.  At least 10
facilities are planned in Arizona and New Mexico for year 2001.

EES - New Business Venture - Gus Eghneim is coordinating a stack test for a
diesel engine in Chicago. The test will be conducted by Clean Air Engineering
the week of April 2, 2001.

Eli Lilly Project )  Bill Curra is visiting the Eli Lilly facilities to
gather site specific information for the development of the EHS manuals.  The
Eli Lilly account includes utility delivery service for 5 facilities.

ENRON ENGINEERING AND OPERATION SERVICES

Alabama, Mobile Energy Services Company (MESC) ) Gus Eghneim is working with
MESC to resolve the environmental issues associated with a malfunctioned
opacity monitor.

U.S, 2000 Peaker Plants - Gus Eghneim is coordinating the development of
Title V operating permit applications for Doyle, Gleason, Wheatland, and
Lincoln power plants.

Georgia, Doyle Power - Gus Eghneim submitted a revised emissions data report
to the U.S. EPA.

Illinois, Lincoln Energy Center (LEC) - Gus Eghneim is providing support to
LEC on CEMS maintenance activities.

GLOBAL INDUSTRIAL MARKETS

Quebec, Canada, Daishowa Pulp & Paper Co. ) Gus Eghneim is working with the
mill's environmental director on the implementation of Enron's environmental
policies and guidelines.  The mill is expected to have the integration of
these policies and guidelines completed by the week of April 2, 2001.

ENRON AMERICAS

Michigan, White Pine Energy, Ada Cogeneration Plant ) Gus Eghneim scheduling
a meeting with the EPA and the state's regulatory agency to discuss a
petition previously submitted to exclude the plant from the EPA SIP call and
Section 126 rulemaking.

DEPARTMENT PROJECTS

Telework/NEPI Program ) Gavin Dillingham and Sally Alvarez have set up a
committee to look further into the telework program. The committee was formed
to help in the determination of the policy, procedures and criteria that will
be used in Enron,s program. The committee consists of representatives from
HR, legal, IT, Work Perks, Facilities, EOC and EH&S. The first committee
meeting will be next week.

EHS Significant Issues Monthly Report - The database (with instructions) was
rolled out to members of Henry Van,s group. The next report will be due in
May.  It was agreed that the frequency of the reporting will change from
monthly to bimonthly.

EHS Performance Measures Database ) Gavin Dillingham is currently working
with Enron Networks and James Buzek to fix the current database. James
believes that a new version of the database will be functional by the end of
March, and the 1st quarter reports will be complete by April 15th. Gavin is
also working with Gary Allen to help in the determination of what types of
reports may be suitable for this database. The current main focus on this
project is to develop a database that has enhanced reporting flexibility. The
database will be placed on an extranet server that will allow all of Enron,s
assets who have internet access to update their own data. This is a secure
system that will only allow each asset to view their data. The user-interface
of the database has been designed and they are now waiting on the development
of the reporting mechanism and the population of data.  The cost for the
re-design is (including the extranet server) is approximately $20,000.

Phase II EHS Website- Gavin Dillingham is currently working on determining
the new look for the EHS website. He is currently taking suggestion from
users and content providers for the site. The site will be more dynamic and
provide real-time information concerning what is happening within the EHS and
Corporate Responsibility group on the home page. He had a meeting with Mark
Martin, Jeff Pena and Vern Vallejo of Enron Networks this week and it was
determined that Phase II could be ready in about two months. Susan Worthen
will thoroughly review the current site contents and arrangement next week
and make appropriate recommendations for improvement.

Sustainability Indicators and Benchmarking- Gavin Dillingham is currently
working with Lauren Iannarone in determining what
Sustainable/Environmental/Social indices Enron should work to be listed on.
They have just completed the initial stage of the project by determining the
benchmarks and indicators that Enron should follow to be considered a
responsible corporate citizen.

VOLUNTEER ACTIVITIES/COMMUNITY RELATIONS

Enron Earth Day Festival ) Gavin Dillingham and Joe Kolb had a meeting
concerning Enron Trash Bash yesterday to discuss the trash challenge coming
up on March 31st. Currently, there is a committee that is looking for
volunteers and is coordinating the logistics of the clean-up. An E-TV ad
campaign for Trash Bash has been running for the last week, and there will be
pre-registration for Trash Bash on March 29 and 30th. Also, Enron has
challenged several companies downtown and American General and
PriceWaterhouseCoopers have accepted the challenge.

MOPS 686 Offshore Platform Donation - Joe Kolb is trying to schedule a
conference call between A&M at Corpus Christi, Bob Burleson (ETS) and himself
so that Enron can ascertain whether it is looking like the University will be
able to bring adequate resources to the table to make the project viable.
Hopefully, the call will be next week.


Shalesh,

Grtant Masson looked into it.

Vince

From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 07/14/2000 11:19 AM PDT
To: Vasant Shanbhogue/HOU/ECT@ECT
cc: Anjam Ahmad/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Solar flare insurance derivatives

Vasant,

Anjam and I were just discussing that the telecommunications industry might
be interested in some type of "solar flare" insurance derivatives.  Please
let us know if you would be interested in meeting us next week sometime to
discuss this further or if you have some ideas about it already.  Thank you.

Shalesh Ganjoo


Dear Kenneth,

In the Internet/Intranet security world time is everything.  Some security
vendors are using Certificate Revocation Lists (CRL) to revoke user
privileges.  This can be very dangerous to your data!

We would like to show you how Xcert enables its customers to immediately
revoke all network privileges from former employees, customers and business
partners while protecting their company data and assets.  We are the only
digital certificate company that provides this real-time revocation
capability because our products were built on the Internet to work on the
Internet.

Please call 800-721-9191 or send us an email so that we can arrange for you
to talk to one of our
Account Representatives who can show you how Xcert protects your data in
real-time.

Thanks,

Xcert Inside Sales
info@xcert.com


I'm not too worried about this - the letter which Mark Taylor is preparing
will state that whatever method we choose to use will supercede EOL - so if
everything is set to GTC and the GTC flags are set to "read", that should be
enough - unless someone is worried about the confirms.

Dave

To: Mark Taylor/HOU/ECT@ECT, David Forster, Marcello Romano/LON/ECT@ECT
cc: Karen Lambert/HOU/ECT@ECT, Frank Davis
Subject: Desk to Desk Masters

Karen Lambert has indicated that we have Master Agreements between HPLC and
ENA (physical) and between ENA and ECC (physical &financial).   We will need
to populate the master agreements in EOL.  I need some direction relative to
this to assure we sent it up correctly.  In addition, we will assign the
short agreement you discussed a global id and populate this number in EOL for
all desk to desk trades that are intra company.


I am at EOTT this morning.  We released 3rd quarter earnings and have a
analyst conference call.  We did pretty good.

Daddy


Is this trade something you know something about?
---------------------- Forwarded by Tana Jones/HOU/ECT on 02/22/2000 02:16 PM
---------------------------

michael.mulligan@americas.paribas.com on 02/22/2000 12:33:20 PM
To: Tana.Jones@Enron.com
cc:
Subject: Enron Capital & Trade International Limited(European Power Marketing
Group)

Good Afternoon Tana;

     Can you provide me with some quick information?

 My traders entered into a transaction with the above group via London and I
need to scurry to get the ENRON CORP. PARENT GUARANTY AMENDED TO INCLUDE THIS
ENTITY (provided I have the correct name).

Do I have the correct entity name? Can we do AN AMENDMENT TODAY? I would like
to
get it amended today so as not to have to break the trade?

In addition, if you could give me the Legal Contact Person in London for the
above named entity with phone and fax numbers it would be very helpful.

If you can assist, thanking you most kindly in advance. With kind regards.

-----------------------------------------------------------------------------
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CALENDAR ENTRY:	INVITATION

Description:
	Enron Net Works Floor Meeting  EB3746A

Date:		5/2/2001
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


713-345-8096

Shana

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