Attached is a revised Credit Watch listing for the week of 11/19/01.   The Yuma Companies (Inc.) has been added to this week's "Call Credit" column.
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Jason R. Williams at x5-3923,  Veronica Espinoza at x6-6002 or Darren Vanek at x3-1436.


I came across the attached report which Margaret Carson thought would be of
interest to you.

Jennifer
---------------------- Forwarded by Stephen Thome/HOU/ECT on 04/03/2001 11:36
AM ---------------------------

Jessica Burry
04/03/2001 10:29 AM
To: Theresa Villeggiante/PDX/ECT@ECT, Mollie Gustafson/PDX/ECT@ECT, Fredrik
Eriksson/PDX/ECT@ECT, Crystal Hyde/PDX/ECT@ECT, Angela Cadena/PDX/ECT@ECT,
Andy Chen/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, Ed Clark/PDX/ECT@ECT, Jeff
Shields/PDX/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Dave Fuller/PDX/ECT@ECT, Laura
Wente/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT,
Michael Etringer/HOU/ECT@ECT, Chris Lackey/PDX/ECT@ECT, Todd
Perry/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Jeff G
Slaughter/PDX/ECT@ECT, Jonalan Page/PDX/ECT@ECT, Stephen Thome/HOU/ECT@ECT,
Terry W Donovan/HOU/ECT@ECT, Glenn Surowiec/Enron Communications@Enron
Communications, Michael Danielson/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, April
Hrach/SF/ECT@ECT, Michael McDonald/SF/ECT@ECT
cc:
Subject: Power Market Research

---------------------- Forwarded by Jessica Burry/PDX/ECT on 04/03/2001 08:37
AM ---------------------------

Christopher F Calger
04/03/2001 08:11 AM
To: Jessica Burry/PDX/ECT@ECT
cc:

Subject: Power Market Research

pls send to my group
---------------------- Forwarded by Christopher F Calger/PDX/ECT on
04/03/2001 08:19 AM ---------------------------
From: Chip Schneider/ENRON@enronXgate on 04/03/2001 10:02 AM CDT
To: Louise Kitchen/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, W David
Duran/HOU/ECT@ECT
cc:
Subject: Power Market Research

This piece from Deutsche Bank is good macro overview of electricity supply /
demand fundamentals.  A little on the long side - 78 pages, but has some good
discussion on NERC (North American Electric Reliability Council Regions),
beginning on page 15.


I am sure you guys will be on your way home be the time us risk guys leave.
PL

 -----Original Message-----
From: 	Bass, Eric
Sent:	Thursday, November 08, 2001 3:08 PM
To:	Love, Phillip M.; Winfree, O'Neal D.
Subject:	FW: Happy Hour

we are going to happy hour at Ruggles Enron - dynegy  Field after work.
any interest?


Fyi. Message is getting through. Will let you know how barclays responds on these ercs, etc. Also, spoke with joe gold and he can be ready to move his $300mm quickly through barclays as well.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Lewis, James C. <james.c.lewis@enron.com>
To: Deffner, Joseph <Joseph.Deffner@ENRON.com>; Liu, Ying <Ying.Liu@ENRON.com>
Sent: Wed Oct 24 16:42:13 2001
Subject: RE: ERCs - you are wrong, they are not just developer ERCs

Joe,
We are looking at this again. There seem to be even bigger issues than accounting with the regional ERC's, such as limited liquidity and trading volumes, extremely long transfer times for the local issuing authority to change title, etc. Then, of course, Barclay's has to agree to take them. We will push hard internally to get them in; then start working on Barclays when we have a strong story. I am not optimistic, but I do feel the pressure that you are under. Shankman and McConnell called me in to tell me what you told me last week - get all inventory off ASAP. I recommend that we nail down the SO2 extension before pushing Barclays on other products. Is that OK with you?
Jim

-----Original Message-----
From: Deffner, Joseph
Sent: Wednesday, October 24, 2001 4:02 PM
To: Liu, Ying; Lewis, James C.
Subject: Fw: ERCs - you are wrong, they are not just developer ERCs

Fyi. I know you guys are having a call tomorrow. Let me know if we can throw them in.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Kitchen, Louise <Louise.Kitchen@ENRON.com>
To: Deffner, Joseph <Joseph.Deffner@ENRON.com>
Sent: Wed Oct 24 15:49:13 2001
Subject: ERCs - you are wrong, they are not just developer ERCs

WE need to put them in.  Ring me.


[IMAGE]
  Dear Andrew:   Hello E*TRADE Member! As you know, E*TRADE has a wide range of cutting-edge tools and services designed to fit the needs of each individual investor.   With all of these resources at your fingertips, it's difficult to sort through all that's out there to determine which products, tools and services are best suited to meet your financial needs.    That's where we come in! If you'll take a brief moment to tell us about your investment interests, we'll use your feedback to deliver resources that are suited to meet your short and long-term financial goals - not to mention you'll receive a  complimentary copy of Microsoft
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[IMAGE][IMAGE]


This request has been pending your approval for  112 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000041547&Page=Approval to review and act upon this request.

Request ID          : 000000000041547
Request Create Date : 6/19/01 7:50:30 AM
Requested For       : jaime.gualy@enron.com
Resource Name       : \\nahoutrd\houston\pwr\common\Electric - [Read]
Resource Type       : Directory


Dear Legal Lady's

I would like to further reinstate my status of favorite Credit Person, I know
as of late my status had been slipping and I must confess I have no one to
blame but myself.  I want you to know that after a lot of deep thought and
pondering of my potential status downgrade, I have resolved myself to pull
from deep inside and work to maintain my status.  Although my mates in credit
have provided some strong competition to remove me from favorite credit
status, I am here to tell you that I am committed 150% to remain as your
favorite credit person!!!!!

Yours Truly,
Russell

Now, that being said, my commitment is demonstrated by the submittance of the
Sempra Energy Solutions Credit Worksheet.

Thanks again,
Russell


Attached is an article dealing with California Senator Steve Peace and his
influence on deregulation in the California power market. Also in this
article is how he and California are dealing with the current power
situation.

http://www.ocregister.com/politics/peace00809cci1.shtml


Don't forget to drop the software box back to me.. I need to install my printer.  	Also, the roadrunner e-mail address seems to have disappeared off of my mainframe.. do you now why and do I have to re-install or talk to roadrunner.

Thanks, BT


This is very helpful.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/20/2000 02:27
PM ---------------------------

	From:  Gregg Penman                           06/20/2000 01:17 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Chicago Legal Doc Status

Per my voicemail, attached is a list of business items that need to get put
in place in order for Midwest Energy Hub LLC to be fully operational.  There
are probably others that I have missed and would welcome any additions you
may have.  One thing I did not include was any internal Enron approvals,
(DASH, Legal risk memo) that may be necessary.

Call me when you have a chance to talk through the list.

Thanks,

Gregg


Janie:

Since we are doing the calling, we will call you.  We can give you plenty of
notice.  Why don't we say by the close of business the day prior to NX3 is
that OK?

C

Jane M Tholt
09/15/2000 05:52 AM
To: Chris H Foster/HOU/ECT@ECT
cc:
Subject: Re: Harbor Gas Deal

Need to narrow down timing of their notification-sounds like they can call us
one day prior to noms due-that's too late to try to manage financially.


Would you please add the language below and email the NDA to David.  Thanks
---------------------- Forwarded by Bob Shults/HOU/ECT on 12/12/2000 10:12 AM
---------------------------

David Hufton <dhufton@pvm.co.uk> on 12/12/2000 03:43:59 AM
To: Bob.Shults@enron.com
cc:
Subject: Re: NDA

Happy with that . Perhaps you could e-mail me the ammended document . How
do you want to hadle the signing pocedures ?
At 09:19 11/12/00 -0600, you wrote:
>
>We are happy to include the following provision in our NDA to make clear
>that you are under no obligation to provide us with confidential
>information:
>
>"Whether to disclose particular information remains the sole discretion of
>the disclosing party and nothing hereunder obligates a party in any way to
>disclose any information."

**********************************************************************
This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the system manager. Unless stated to the contrary, any opinions
in this message are personal and may not be attributed to
PVM Oil Associates, Ltd.
**********************************************************************


----- Forwarded by Tana Jones/HOU/ECT on 09/01/2000 02:39 PM -----

	Tom Moran
	09/01/2000 02:00 PM

		 To: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT, Michelle
Bruce/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT, Paul
Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT
		 cc:
		 Subject: Clickpaper Credit Approvals 9/1/00

Attached are the Clickpaper Credit Approvals for 9/1/00.

Regards,
tm


Hi Richard.  I was just wondering if you sent this to me because of my recent
inquiry to Joe re: personnel profiles for power marketing/trading folks for
our Australia efforts?  thanks

Richard Ingersoll@ECT
02/19/2000 08:52 PM
To: Rebecca A. McDonald@ENRON
cc: All Enron Worldwide@ENRON

Subject: Re: Paul Quilkey

	Enron North America Corp.

	From:  Rebecca A. McDonald @ ENRON                           02/18/2000 05:51
PM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Paul Quilkey

Please join me in congratulating Paul Quilkey in his new role as Vice
President leading our efforts in Australia.  Joe Hirl has assumed a leading
role in the formation of our business in Japan.  Joe also has regional
responsibility for trading activity.

Paul's appointment is in recognition of the critical role Paul has played in
Enron Australia's successful commencement and the body of outstanding work he
has accumulated to date in his career with Enron. It is worth noting that
Paul joined Enron as recently as the Associate intake of 1995.  In the short
time since then Paul has developed and grown through various positions to his
current Trading and Origination role, a position of great responsibility in a
dynamic young business making aggressive inroads into the Australian market,
and far from Enron's traditional US markets.

Please join me in congratulating Paul on his appointment.

Rebecca


Shirley,

Yes. It's really nice.

Vince

Shirley Crenshaw
07/24/2000 12:32 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Thursday Summer Intern Dinner

Vince:

Is it ok to send the following out to the interns?


This is the presentation that goes with the talking points that Andrew sent.


I heard from the admin in  Chicago.  She said Laura (the VP) is going to call
the HR people and then call me sometime later today.  Maybe we'll actually
make some progress today.  I'll let you know if I hear something.

Now get back to work!!


Further to our conversation, below is language inadvertently excluded from the Master Agreement.  Specifically concerning Section 4.1 (page 2) and  the Material Adverse Change found in the Appendix.

 Turning to page 2 of the Agreement, Article 4 Defaults and Remedies should include the following language beginning in the middle of the section after ....."contract for each such Transaction and .....(ii)

 (ii) ascertaining the associated costs and attorneys' fees.  To ascertain the market prices of a replacement contract the Notifying Party may consider, among other valuations, any or all of the settlement prices of NYMEX Gas futures contracts, quotations from leading dealers in Gas swap contracts and other bona fide third party offers, all adjusted for the length of the remaining term and the basis differential.  All terminated Transactions shall be netted against each other.  The Notifying Party shall give the Affected Party (defined in Section 4.2) written notice of the amount of the Termination Payment, inclusive of a statement showing its determination.  If a Termination Payment is owed to the Notifying Party, the Affected Party shall pay the Termination Payment to the Notifying Party within 10 Days of receipt of such notice.  If a Termination Payment is owed to the Affected Party, the Notifying Party shall pay the Termination Payment to the Affected Party within 10 Days of Affected Party's receipt of such notice.  At the time for payment of any amount due under this Article 4, each Party shall pay to the other Party all additional amounts payable by it pursuant to this Agreement, but all such amounts shall be netted and aggregated with any..... Termination Payment payable hereunder.  If the Affected.........

Concerning the "Material Adverse Change" the following is included:

 -, or customer ceases to be owned or otherwise controlled by its current ultimate parent, "owned or otherwise controlled by" meaning the direct or indirect ownership of at least 51% of the outstanding capital stock or other equity interests of Customers having ordinary voting power."

As more fully stated in the Amendment attached below.

If you are in agreement with these changes we can execute the Master Agreement and proceed with the Amendment.

Should you have questions concerning this matter or any part of the Agreement please do not hesitate to give me a call.  I apologize for any confusion and thank you in advance for your cooperation.

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


Please follow up with a request to credit for a worksheet.  To  Russell
Diamond, Veronica Espinoza in Enron credit.

Thanks

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


Louise/John,

You both OK with me sending latest NETCO 835 employee list to them. Also, FYI on their group b list.

David

-----Original Message-----
From: Arber, Diane Z [HR] [mailto:diane.z.arber@ssmb.com]
Sent: Monday, January 07, 2002 10:02 AM
To: Oxley, David
Cc: Donnelly, John L [HR]; Clark, Eugene [GCO]; Cash, Michelle
Subject: Final Documents

David,
The required document which will filed by 4:00 PM today identify the actual
employee names who will be part of the new entity. Please confirm the names
in  Group A & B and forward the names for group C.

Section 8.5  Employees.  Prior to Closing, Buyer or its Affiliate shall have
entered into retention agreements with (a) each of the three individuals
listed on Schedule A, (b) each of the 13 individuals listed on Schedule B,
provided the Buyer shall provide substitute different individuals,
reasonably acceptable to Buyer, for no more than two individuals on Schedule
B, and (c) 80% of the individuals on Schedule C.....

Group A: Top 3  (3 out of  3 Join)
Greg Whaley
John Lavorato
Louise Kitchen

Group B: 13 (11 out of 13 Join)
Hunter Shively
Tim Belden
John Arnold
Mike Swerzbin
Fletch Sturm
Matt Motley
Philip Allen
Chris Calger
Kevin Presto
Dana Davis		**Please confirm that this is Mark D Davis
Rob Benson
Mike Grigsby
Mike Maggi

Group C: 80%
??

Please feel free to contact me with any questions.

Diane Arber
Fixed Income Human Resources
Phone: (212) 723-9537


If you would like us to manage this domain, we need to change which servers are considered authoritative for the domain. You will need to log-in to the register.com site to do this. I can either join you to walk you through it or I can send you step by step instructions. Just let me know which you prefer.

Thanks,

Jarod


??? ??? Dear  Tanya:
?
???
??? ??? It was a  great pleasure to have met you. I very much enjoyed the
interview and your  insightfull questions.
?
??? ??? I am keenly  aware that many of the methods that I discussed with you
yesterday are unique,  new?and not reported elsewhere. This is true both
about the work I did in  whole yield curve interest rate pricing?as well as
GARCH. The innovations  stem from the extensive numerical analysis experience
that I have both in  turbulence physics as well as finance. They entailed
considering the problem  from its raw formulation, mathematical analysis,
physical interpretation,  taylored numerical method development, software
writting and develoment and data  management.
?
??? ??? As to why I  have not yet published anything the answer is that the
driver in my work has  been adding value to the business not publishing.
Publishing is however an  option that has always been open with my former
supervisor who is aware of the  work that I did.
?
??? ??? I not however  that these results were possible only by exploring to
the utmost extent the  mathematics, finance, software design and data
managemnet aspects of the  problem. Absence of any of these aspects is likely
to cripple performance and  execution.
?
??? ??? Please recall  that as good as they were the performance measures
that I mentioned to you were  for a single processor machine. Vastly better
can be achieved with both soft  parallelism (multithreading) as well as hard
parallelism (heterogenous network).  This fo course allows us to step up the
reach of the models used.
?
??? ??? In fact I  know for a fact that better can be done than what I
mentioned in the interview.  From work that I have been doing on the
integration of the swaption volatility  surface on the whole yield curve
interest rate model ITM and OTM instruments can  be included in both the
callibration, pricing and hedging.
?
??? ??? I look  forward hearing back from you soon and particularly to the
opportunity of us  cooperating.
?
??? ??? Best  regards
?
??? ???  Joao


I don't have your work #.  What is it?


Dear Kevin,

This hotel is available for September 15 for 5 nights. Junior Suite is
1665FRF per night incl. tax and service.
Approx. rate in USD is $224.00 per night. Please take a look at their
website.

Did you get a chance to look over country ch?teaux's in Southwest region of
France?
What do you think?

Karen

<http://www.victoriapalace.com>

Karen Ward, ATC
Travel Tech / Virtuoso 1514
3646 Greenbriar Dr.
Houston, Texas 77098
USA
Phone: 713-535-1452 (direct)
Phone: 713-522-8227 (general)
Fax: 713-522-3953 or 713-522-5924


Sounds like you were the one blowing it off.

-----Original Message-----
From: chad knipe [mailto:knipe3@msn.com]
Sent: Friday, March 08, 2002 7:29 AM
To: Chet Fenner; Joe Parks; Brian Constantine; Brad Corrier; EriK Wollam
Subject: Last night!

UUhh..what happened to ya'll last night. Thanks for blowing it off w/o
letting me know. Ritas were good and plenty, had a few and decided to stick
it out alone.  Actually met a whole new PILE of friends there.

HALLELUJAH!!!!!!!!!


We arrive in Denver on Saturday evening (the 10th).  We will stay that night
and leave sometime on Sunday for Silvercreek.  We will return to Denver on
Friday the 16th and stay the night.  Our plane back to Houston is early
Saturday morning.  We are staying at a place in Silvercreek (I had not heard
of this place before Kristi's friends made the plans) for 5 nights.  I think
we want to ski there and possibly in Winter Park (it is supposed to be within
15 miles).  How's the weather in Denver these days?  We look forward to
seeing the two of you.  Thanks.

DG

"Sean Mayers" <smmayers@earthlink.net> on 02/17/2001 10:21:28 AM
To: <Darron.C.Giron@enron.com>
cc:
Subject: Re: March

Let me know again what the days are.  Also, let me know what you guys what
to do.  I can get lift tickets for about $43 at the grocery store.  Talk to
you later.

Sean


Good.  I'm ready to get at least one thing off the "to do" list.

Kay

	Enron North America Corp.

	From:  Mitch Robinson                           12/13/2000 08:07 AM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: FW: Letter agreement

Stamp of approval.  Mike J. Miller is the right guy from ENA to sign.  Please
let me know if you have any trouble getting a signature from any of the
parties.

Thanks,

Mitch
---------------------- Forwarded by Mitch Robinson/Corp/Enron on 12/13/2000
08:06 AM ---------------------------

DeKrey Lynn <Lynn.DeKrey@swpc.siemens.com> on 12/12/2000 04:58:08 PM
To: "Mitch Robinson (E-mail)" <Mitch.Robinson@enron.com>
cc: Monahan Bill <Bill.Monahan@swpc.siemens.com>

Subject: FW: Letter agreement

Mitch
This is acceptable, please submit

Lynn DeKrey

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Sunday, December 10, 2000 5:05 PM
To: lynn.dekrey@swpc.siemens.com
Subject: Letter agreement

---------------------- Forwarded by Kay Mann/Corp/Enron on 12/10/2000 04:08
PM ---------------------------

Kay Mann
12/10/2000 04:03 PM

To:   Mitch Robinson/Corp/Enron@Enron, lynn@dekrey@swpc.siemens.com, Ross
      Newlin/HOU/EES@EES
cc:

Subject:  Letter agreement

Gentlemen,

I've revised paragraph 5 to reflect our discussion.  Also, I made a change
to paragraph 7 to include technical bulletins per Mitch's request which we
did not discuss on our call.

(See attached file: WestinghouseProposal to Resolve Issues on Enron - Dec10
SWPC.doc)

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

Kay

713 345 7566

 - WestinghouseProposal to Resolve Issues on Enron - Dec10 SWPC.doc


It takes a long time to get around to announcements - congrats anyway

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Office of the Chairman-@ENRON
Sent:	Monday, October 15, 2001 8:24 PM
To:	All Enron Worldwide@ENRON
Subject:	Organizational Announcement

As we continue to address a number of issues facing Enron, it is critical that the company remain focused on attracting, motivating and retaining a diverse and talented workforce.  We strongly believe that our workforce is world-class -- the best in any industry, so we will continue to develop and reward this tremendous talent base.

Because the lasting strength of our company is determined by the strength of our workforce, we are elevating the role employee-focused functions play within Enron.  We are pleased to announce that effective immediately Human Resources, Employee Responsibility, and Executive and Corporate Compensation will report directly to the Office of the Chairman.

David Oxley, Vice President, will continue to oversee Enron's Global HR function.  The lead HR representatives for the individual business units will report to David in addition to their respective Office of the Chairman.  Besides managing Recruiting, Staffing, Training, Compensation and the Performance Evaluation Process, David will also add Payroll and Labor Relations to his list of responsibilities.

Cindy Olson, Executive Vice President, will have responsibility for Employee Relations and Corporate Responsibility, which includes Social Responsibility, Community Relations, Diversity, Employee Relations, Redeployment, Alumni Relations, Employee Events and Programs, Benefits, Wellness, and Worklife.

Mary Joyce, Vice President, will continue to have responsibility for Executive and Corporate Compensation in addition to Global Employee Information Management and Reporting and Analysis.

David, Cindy and Mary will each report to the Office of the Chairman.  A detailed organizational chart is attached.  Please join me in congratulating David, Cindy and Mary on their new responsibilities.

http://home.enron.com:84/messaging/hrorgchart18.ppt


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http://home.enron.com:84/messaging/globalenergymarkets.pdf

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No Shows will be charged $50.00
Check the eSource training page at http://esource.enron.com/training.doc for additional training sessions and vendor presentations.

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Mike and Matt are just finishing inputting their deals. Please let me know if
these don't come through in the next few minutes. Jeff Richter hit the wrong
broker - the deal number is 467350 and I've changed it to Prebon.

Thanks,
Kate

Evelyn Metoyer@ENRON
11/27/2000 02:00 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 11-22-00 Discrepancies

Matt Motley
Prebon is claiming the following deals:
Enron sells to Williams 25 mw Q2 PV at $94.00
Enron buys from Williams Q2 SP-15 at $90.00

Jeff Richter
Prebon is claiming the following deals:
Enron sells to Calpine Dec. NP-15 at $214.05

Mike Swerzbin
Prebon is claiming the following deals:
Enron buys from Morgan Q2 Mid-C at $93.00

Thank You


Dear Ben:

I enjoyed meeting with you.  I sent a letter recommending you to our Dean
in charge of the MBA program.  Let me know if you hear anything from the
people in the admissions office.

I hope things work out and I have the opportunity to have you participate
in our energy finance program.

By the way, I like the idea of bringing in various industry leaders.  I
currently do this in my class, but it might make sense to consider ways to
get first year students involved in this activity.

regards,

Sheridan
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu


i'm in


Paul

I am still looking for information relating to monies that El Paso paid us that should have gone to AEP.  Joe Parks is trying to sell El Paso gas on another deal and El Paso has asked  us to refund the payment.   I am working with Joe in  preparing an economic justification to process a payment request thru the bankruptcy committee to pay them a refund, however I need the details.  You had indicated last week on a v/m that you would be emailing me some information.  Please call me if there is a problem at 3-5346.

Thanks

Jim Coffey


Thanks.

Seab


Steve,

Start buying N-M citygate index this week.  Pay as much as necessary to get
resonable size.  I am thinking 100,000/d for the winter.

Grigsby


I'm going to Jay Blaine's taylor at 6:30 PM, maybe after.

	From:  Jim Homco                           11/29/2000 12:14 PM

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

Is meredith buying us a drink tomorrow ?


Start Date: 4/28/01; HourAhead hour: 23;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042823.txt


-----Original Message-----
From: 	Forney, John M.
Sent:	Thursday, June 21, 2001 6:03 AM
To:	Belden, Tim; Williams III, Bill
Cc:	Wolfe, Greg
Subject:	Tropical Storm Allison

Just a quick note to acknowledge the great job that Geir Solberg did in helping our office out during Tropical storm Allison.
Our phone lines, computers and cell phones were down.    Additionally,   we were short staffed due to floodwaters downtown.

One of our service customers,  Teco,  wanted to sell some test power in South Texas.   Geir was contacted via satellite phone.
He sold 230 megawatts each hour to AEP.   He used the proper terminology unique to Ercot and sold the energy at a decent price.
He maintained good,  detailed notes and was able to relay this information to me the following Monday.
Most importantly,  this was a seamless transaction to the customer.

Again,  thanks for the help.

JMF


Kay

I used your 2001 form and have modified it to show changes I think we should
make in the form.  Please note that the words I have highlighted in yellow
are highlighted only to show I've underlined them.  That's purely a stylistic
thing I do to make it easier to search for a defined term.  I've also
attached, as part of the document but not as an exhibit, the form of
Memorandum of Option that I have prepared for the two options I'm working
on.  This is the form of Memorandum of Option that we use for our Houston
Pipe Line and Enron Midstream properties.  To make sure that we don't
inadvertently put a cloud on title, I always put the termination date of the
option agreement in the document.  If we exercise the option, it is a moot
point but, if we don't exercise the option, we could cloud the owner's
title.  It is my intention for the Florida projects that we will always
endeavor to get a Memorandum filed.


Attached is an article dealing with California Senator Steve Peace and his
influence on deregulation in the California power market. Also in this
article is how he and California are dealing with the current power
situation.

http://www.ocregister.com/politics/peace00809cci1.shtml


Are you sending out Xmas cards.  We usually do, and we usually send a small $25 gift to our best customers (ones we make money off) and those who do operational favors for us.

There is an Enron card but it does not say Enron or we can order some.  Probably $.75 plus postage and 150 cards.  Gifts probably go to 20 customers for a cost of $500 - $600.

What do you think?

Mark


Assistant: Melissa Jones x37960


FYI

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


--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


don't make me type the math on the computer pooks

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:05:12 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: Defense

What's your defense for you bid 0 for the company?  Why was the info
assymetry at 100%???
-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:54 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit

have you taken any finance courses yet? what's good?


friday at the rodeo and sat who knows


Can we get this killed or redirected?  This seems very dangerous.
---------------------- Forwarded by J Mark Metts/NA/Enron on 03/21/2000 04:28
AM ---------------------------

"Joor, William E., III" <wjoor@velaw.com> on 03/20/2000 05:39:54 PM
To: "Metts, Mark (Enron)" <mmetts@enron.com>
cc:
Subject: FW: Jim Bannantine on eSpeak - March 23

I'm afraid I have to concur with Boyd.

William E. Joor III
Vinson & Elkins L.L.P.
3600 First City Tower
1001 Fannin
Houston, Texas  77002-6760
Tel:  713-758-2582
Fax:  713-615-5201
wjoor@velaw.com

 +++++++++++++++++++++++
 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

-----Original Message-----
From: Carano, Boyd (Enron)
Sent: Monday, March 20, 2000 9:07 AM
To: Joor, William E., III
Subject: Jim Bannantine on eSpeak - March 23

FYI.  I gotta tell you that under the circumstances the timing of this event
just amazes me.

Hope all is well.

Boyd
---------------------- Forwarded by Boyd Carano/ENRON_DEVELOPMENT on
03/20/2000
06:10 PM ---------------------------

Julie Ramos
03/20/2000 06:02 PM

To:   Sao Paulo Brazil - Office Staff, Rio de Janeiro Brazil - Office Staff,
      Buenos Aires Argentina - Office Staff, Salvador Brazil - Office Staff,
      Enron South America - Houston Staff, Santa Cruz Bolivia - Office
Staff,
      Cuiaba Brazil - Office Staff
cc:   Sarah Palmer
Subject:  Jim Bannantine on eSpeak - March 23

(Embedded image moved to file: pic13277.pcx)  The eThink Team

Join Jim Bannantine, on eSpeak, Thursday, March 23 at 11:00 am (Houston);
2:00
pm (Buenos Aires and Sao Paulo ), and 1:00 pm (Cuiaba and Santa Cruz)  to
learn
more about Enron's current South America Strategy.

Jim will be holding an "open-mike" forum so you can ask him questions and
share
your ideas and opinions.

If you prefer you can  pre-submit your questions at eSpeak right now at the
following address ethink.enron.com ! Please keep your questions short and
simple! this will increase the opportunity for your question to be answered.

                                              eThink: Invest Your MInd

Venham conversar com Jim Bannantine no eSpeak, Quinta-feira, dia 23 de
mar?o, .s
11:00 horas (Houston); 14:00 horas (Buenos Aires e S?o Paulo) e 13:00 horas
(Bolivia ) para ficar melhor informado sobre a estrat,gias atual da Enron
Am,rica do Sul.

Jim estar? comandando um "bate-papo on line" e voc poder? fazer perguntas e?partilhar suas id,ias e opini?es.??Voc pode, tamb,m, fazer suas perguntas desde j? acessando o seguinte
endere?o
endere?o ethink.enron.com. Por favor, elabore perguntas curtas e diretas.
Isto
aumentar? a possibilidade de sua pergunta ser respondida.

                                         eThink: Invest Your Mind

 - pic13277.pcx


Please forward any documents / info regarding current issues with Oneok to my
attention and copy Russell Diamond.

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


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/13/2000
03:20 PM ---------------------------

Darlene C Forsyth
12/13/2000 01:22 PM
To: Darlene C Forsyth/HOU/ECT@ECT
cc:  (bcc: Judy Hernandez/HOU/ECT)
Subject: FW: LOVE


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
12:04 PM ---------------------------

	From:  Jason Sokolov                           03/16/2001 10:25 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: 2 missing from the mailing list

hingoran@rice.edu
planck@rice.edu


Could I have a copy of  this contract

# 96015602
5-1-97 w/ Idacorp Energy Solutions L.P.

Thanks!

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


Please see attached.

After you put Ken's signature on this, please email it to Joe Hartsoe.  Also
send it via email to Dan Watkiss - his email address is

 dwatkiss@bracepatt.com

Thanks.


Maureen, when I last met with Steve, we discussed having 2 of my direct
reports attend the December 9th PRC meeting.  He requested that I decide and
tell you which two.  I have decided on Jeff Keeler and Henry Van.  Thanks
Mike


I received a letter from Westinghouse in response to our threat to draw on
the letter of credit.  A copy is being delivered to you today.  I have spoken
to Patty Clark (Asst. General Counsel for Allegheny) about what we are doing
and she didn,t seem overly concerned but asked to be kept in the loop.  I
told her that Enron was very sensitive about the potential impact that our
threats against Westinghouse might have on Allegheny,s contractual
relationship with them.  Personally, I don,t think that we should draw on the
letter of credit (even though I believe that we are entirely in the right on
this one) because it might somehow hurt Allegheny.  I don,t, however, want to
take the heat off of Westinghouse so I have not said anything.

We had a call with Westinghouse yesterday to discuss the facts surrounding
our claim and have a follow up call scheduled for Wednesday (6/13) at 3:00
pm.  You are welcome to participate if you would like.  To date, lawyers from
either side have not participated in discussions as they have been primarily
fact-finding in nature.  I am happy to give you an update as to what has
happened and what I expect to occur on Wednesday at your convenience.

Take care,

Stuart


Subject: Whalley's Budget Meeting

   Date:  Tuesday, June 12

   Time:  11:00 a.m. CST

   Location: EB32C2

Please notify me only if you are unable to attend.

Many Thanks,

Liz Taylor x31935


I was able to get an agreement with HQ counsel that they would complete their
review by early next week, at which time I will conf call them with our
Quebec counsel and work to resolve outstanding issues.  Thank you for your
patience in respect of this unusual counterparty.  Mary

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


If you want to go,  I will be going to lunch at 12:00.  Also I am going to
Harrasment thing of Friday at 2:45, go with me?

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


Daily Market Commentary TRADERS . . . TRADERS . . . TRADERS . . . December 3 is fast approaching. After that the Daily Briefs will be bundled with an annual subscription to GasTrader Newsletter. SIGN UP NOW for Gastrader Newslet and receive a $100 DISCOUNT off the $595 annual subscription. As a subscriber to GasTrader Newsletter not only will you have the short term perspective of the day's trading from the floor of the New York Mercantile Exchange, but the longer term viewpoint complete with no nonsense trading recommendations will be covered in the weekly GasTrader Newsletter. Check out the website for a SAMPLE NEWSLETTER, sign up for a FREE 5 WEEK TRIAL SUBSCRIPTION at GasTrader.net or mention this e-mail at the time you subscribe from the website to receive the $100 DISCOUNT . . . . . .

November 26, 2001

STILL LOWER . . .

 Natural gas futures ground lower in uninspired trading Monday on the New York Mercantile Exchange. Prices opened sharply lower as traders digested the latest NWS weather report showing moderate temperatures over most of the US. A lack of trade participation gave locals and short term traders some flexibility to push prices off session lows. A lower open is expected tomorrow. . .

 At the end of the day the December futures dropped $.117 to $2.696 per MMBtu, and the January lost $.056 to $2.935 per MMBtu. . .

 "We came in lower on the weak NWS 6 to 10 day forecast which shows everywhere but the Great Plains above normal," noted Jim Duffy, trader with GasLink, New York. . . .

 "The locals realized that volume was thin so they pushed prices higher
and managed to trigger a small number of stop loss orders. They weren't
fund stops or anything like that." . .

 "What was surprising was that there were not trade and commercial offers
up top willing to offer the market lower," he said. . .

 "It's my read that the funds and managed accounts are still short as well
as the trade. It's hard to figure out who is long this market." . .

 "We got more phone calls today asking who was buying than anything else,"
he said. . .

 Other traders see prices working lower as well. . .

 "I don't believe we've seen the bottom to this market," says Harvey Budkofsky, broker analyst with Salomon Smith Barney. . .

 "There may be some more short covering, for marketers are trying to hold
the market up the best they can. Technical resistance is the $2.87 area for
the December and $3.02 to $3.03 for the January," he said. . .

 "I believe for a physical market long who hasn't hedged that those would be
good levels to sell up against," he suggested.

For the most complete information available subscribe to GasTrader at http://gastrader.net

Bill Burson
120 Summit Blvd.
Englewood, Colorado 80110
Tel (303) 761-7470 * Fax (303) 761-8662
(To be removed from this list send email to burson@gastrader.net)


---------------------- Forwarded by Kay Mann/Corp/Enron on 01/10/2001 11:14
AM ---------------------------

Kay Mann
01/10/2001 10:14 AM
To: Lisa Bills/Enron@EnronXGate, Roseann Engeldorf/Corp/Enron@ENRON,
Catherine Clark/Enron@EnronXGate, Ben Jacoby/HOU/ECT@ECT, Fred
Mitro/HOU/ECT@ECT
cc:

Subject: Revised notices for CA I and CAII

I'm attaching the notices for CA I and CA II.  Please pay particular
attention to CA II, since it is the first time it has been circulated.
Obviously, we will need to insert the final purchase numbers.

Lisa, I set it up so ENA is consenting, which tracks the language in the DCMA.

Kay


Thanks for your help.


Please add Ainsley Gaddis and remove Daniel Kang from your list when sending the spreadsheets to EES.
Thanks,
Bill

 -----Original Message-----
From: 	Gaddis, Ainsley
Sent:	Monday, June 18, 2001 1:46 PM
To:	Bill Williams III/PDX/ECT@ENRON
Subject:	Real Time Deals for 06/12 and 06/14

Bill,

My name is Ainsley and I am taking over for Daniel Kang.  I was checking to see if there were any real time deals for 06-12 and 06-14.  Thanks!

Ainsley Gaddis
713-345-2877


---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/30/2001
01:15 PM ---------------------------

Dobbs_Shane <Shane.Dobbs@fctg.com> on 03/30/2001 07:53:18 AM
To: baron <baroncwood@hotmail.com>, beth <bethbyerley@yahoo.com>, Bev
<BeverlyFulghum@andrewcollege.edu>, Bonnie <tharpbl@eng.auburn.edu>, Brooke
<brooke@megagate.com>, Bud <dobbsmw@auburn.edu>, chance
<chancewood@hotmail.com>, Claire <telliott@homefusion.net>, Emily
<hamptone@booksamillion.com>, Fulford <fulfordb@aol.com>, Jim
<jwood@regionsbank.com>, LD <gwave85@hotmail.com>, Matt
<doobsie@bellsouth.net>, "Ms. Laura" <lebrown76@hotmail.com>, ONE-up
<dobbswn@auburn.edu>, Phil <Phillip.M.Love@enron.com>, Robin
<robincass@hotmail.com>, Stacy <bearden@us.ibm.com>, Watch-it!
<melfrench3@aol.com>
cc:
Subject: FW: Smartest Woman

-----Original Message-----
From: Kevin Poe [mailto:poe77@earthlink.net]
Sent: Wednesday, March 28, 2001 4:12 AM
To: Undisclosed-Recipient:@albatross.prod.itd.earthlink.net;
Subject: Fw: Smartest Woman

> An airplane was about to crash, and there were 5
> >passengers left, but only 4 parachutes.  The first
> >passengers, George W. Bush said, I'm President of the
> >United States, and I have a great responsibility,
> >being the leader of nearly 300 million people, and a
> >superpower, etc." So he takes the first parachute,
> >and jumps out of the plane.
> >
> >The second passenger, said I'm Antoine Walker, one of
> >the best NBA Basketball players, and the Boston
> >Celtics need me, so I can't afford to die.  So he
> >takes the second parachute, and leaves the plane.
> >
> >The third passenger, Hillary Clinton, said "I am the
> >wife of the former President of the United States and
> >the Senator from New York, and I am the smartest
> >woman in the world." So she takes the third parachute
> >and exits the plane.
> >
> >The fourth passenger, an old man, says to the fifth
> >passenger, a 10 year old boy scout, "I am old and
> >frail and I don't have many years left, so as a
> >Christian gesture and a good deed, I will sacrifice my
> >life and let you have the last parachute.
> >
> >The boy scout said, "It's Ok, there's a parachute left
> >for you.  The world's smartest woman took my backpack."
>
>


Here is the last of the emails that I'd like you to review.  I've sent an
earlier email that explains the context of these emails.   I'm sure there
is a way I could have pasted them altogether so that you wouldn't get
separate one, but I haven't figured out how to do that.  Thanks.
---------------------- Forwarded by Melanie Gray/HO/WGM/US on 01/30/2001
02:27 PM ---------------------------

"McFarland, Mitch" <mmcfarland@lockeliddell.com> on 01/29/2001 09:01:08 PM
cc:   "Schumacher, Amy" <aschumacher@lockeliddell.com>, "Williams, Stacy"
      <SWilliams@lockeliddell.com>
Subject:  RE: Could this be Trust counsel's argument?

What Tim describes is how PCA plead their case against El Paso, without the
concession on direct bookouts.

PCA will find support in the current version of the WSPP which provides for
a termination payment based on a "mark to market" theory -- that is,
whoever is ahead in the deal gets the proceeds of market over contract even
if the other party has grounds to terminate.

dmm

-----Original Message-----
From: Baird, Tim [mailto:tim.baird@troutmansanders.com]
Sent: Monday, January 29, 2001 7:02 PM
To: Billeck, Jason; Casher, Dick; Dweck, Jake; Fisher, Mark; Goldberg,
Tom; Gray, Melanie; Greenswag, Douglas; Hedberg, Steven; Henzy, Eric;
Jim Nolan; MacIntyre, Bruce; Martini, Deidre; McFarland, Mitch; Murphy,
Rick; Oberdorfer, Dan; Stenglein, Mike; Steve Northup; Strasburger,
John; Tim Baird; Trostle, Patrick; Turner, Paul; Zuch, Sharyn
Subject: Could this be Trust counsel's argument?

Troutman Sanders Mays & Valentine LLP

??????? ??????? ??????? ??????? ??????? Timothy S. Baird
??????? ??????? ??????? ??????? ??????? Phone:? (804)? 697-1227
??????? ??????? ??????? ??????? ??????? Fax: (804) 697-1339
??????? ??????? ??????? ??????? ??????? tim.baird@troutmansanders.com

Joint Defense Privileged Communication

Group -

Paul Turner and I were discussing the following interpretation of the
liquidated damages clause in PCA's confirmations, which we believe is
likely
going to be Trust counsel's argument in the mediation.

The language of the liquidated damages provision (LD Provision), which I
have simplified, is as follows:

"Damages for Non-Performance

(1) For this firm transaction, if the Buyer fails to schedule and/or to
receive the Quantity, where such failure was not excused . . . by Seller,
Buyer shall pay Seller (on the date payment would otherwise be due under
this transaction) an amount for each MWh of such deficiency equaling the
sum
of: (i) [the contract price] minus (ii) [the market price]; provided
however, if the amount determined in the preceding clause is negative, then
the amount shall be equal to zero for purposes of calculating the
deficiency
payment.

(2) For this firm transaction, if the Seller fails to schedule and/or to
deliver the Quantity, where such failure was not excused . . . by Buyer,
Seller shall pay Buyer (on the date payment would otherwise be due under
this transaction) an amount for each MWh of such deficiency equaling the
sum
of: (i) [the market price] minus (ii) [the contract price]; provided
however, if the amount determined in the preceding clause is negative, then
the amount shall be equal to zero for purposes of calculating the
deficiency
payment.

(3) [acknowledgement that these provisions are for liquidated damages and
not a penalty]

(4) [exclusive remedy provision]"

To illustrate how I think that the Trust interprets this LD Provision, lets
assume that PGET had a contract to sell power to PCA for delivery at
Cinergy
during July-August 1998 at a price of $50/MWH ("the Transaction").? Let's
assume that, based on PCA's payment or delivery defaults, PGET terminates
the Transaction and all other forward transactions with PCA in late June
1998.? Let's assume further that the market price for power at Cinergy was
$100/MWH on the date of termination (without getting into whether you look
to index price of forward price).

The Trust will argue that PCA failed to schedule and/or receive power from
PGET under the Transaction, and therefore PCA must make "the deficiency
payment" to PGET under clause (1).? Under clause (1), however, this
deficiency payment would be zero.

The Trust will argue further that PGET also failed to schedule and/or
deliver power to PCA under the Transaction, and therefore PGET must make
"the deficiency payment" to PCA under clause (2).? Under clause (2), PGET
would have to make a deficiency payment of $50 times the Quantity.

The Trust will argue further that, under the express contractual language
of
the LD Provision, it doesn't matter whether PCA was able to actually
perform
under the Transaction.? The parties' intent in entering into an agreement
containing the LD Provision was to require each party to pay "the
deficiency
amount" in the event that the Transaction is not performed.? The only
situation where a party would NOT have to pay "the deficiency amount" is
(a)
in the event of force majeure, or (b) when the other party excuses
performance.? PCA will argue that, regardless of whether it was in default
or unable to perform, it did not excuse performance by PGET under the
Transaction.

The Trust will argue that this is the parties' express contract and sole
remedy in the event of non-performance.? Therefore, the Trust will argue,
it
does not matter whether PCA was able to perform the contracts.? If a
contract was not performed, then the damages are calculated under the LD
Provision.

The Trust will also argue that it does not matter whether PGET had a RIGHT
to terminate the Transaction because of PCA's default.? It only matters
that
the contract was not performed.

Moreover, I am confident that this interpretation of the LD provision is
the
basis for the "positive difference" damages calculation that Peter keeps
referring to.? With regard to damages, I imagine that the Trust will argue
that:

(A) Under direct book-outs, performance is excused; therefore, you net the
contract price of the two contracts.

(B) Under all other transactions, you look solely at whether power was
scheduled and/or delivered.? If not, then you calculate each party's
liquidated damages, with respect to each and every transaction, under
clauses (1) and (2) of the LD Provision.

The advantage this line of argument is obvious:

(1)? It is based on the express language of the confirmation statement that
the Trust will contend was part of the contract;

(2)? It is a simple response to the inability to perform argument; and

(3)? It actually makes sense in the context of a commodities market.

This is what we are going to hear from the Trust in their mediation
submission.

"'Baird, Tim'" <tim.baird@troutmansanders.com>; "Billeck, Jason"
<jason.billeck@weil.com>; "Casher, Dick" <CasherRF@bingham.com>; "Dweck,
Jake" <jdweck@sablaw.com>; "Fisher, Mark" <mfisher@schiffhardin.com>;
"Goldberg, Tom" <tdgoldberg@dbh.com>; "Gray, Melanie"
<melanie.gray@weil.com>; "Greenswag, Douglas"
<douglas.greenswag@leonard.com>; "Hedberg, Steven" <HEDBS@PerkinsCoie.com>;
"Henzy, Eric" <ehenzy@reidandriege.com>; "Jim Nolan" <JNolan@maysval.com>;
"MacIntyre, Bruce" <macib@perkinscoie.com>; "Martini, Deidre"
<d-martini@ibolaw.com>; "McFarland, Mitch" <mmcfarland@lockeliddell.com>;
"Murphy, Rick" <RGMurphy@SABLAW.COM>; "Oberdorfer, Dan"
<dan.oberdorfer@leonard.com>; "Stenglein, Mike" <mike.stenglein@weil.com>;
"Steve Northup" <SNorthup@maysval.com>; "Strasburger, John"
<john.strasburger@weil.com>; "Tim Baird" <TBaird@maysval.com>; "Trostle,
Patrick" <TrostlPJ@bingham.com>; "Turner, Paul" <pturner@SABLAW.COM>;
"Zuch, Sharyn" <SBZ@Wiggin.com>

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (713-546-5000), and destroy the original
message. Thank you.


I sent the e-mail below to our lawyers in ENA Legal.

 In order to provide better oversight and control of ENA legal expenditures
on large transactions, please continue to follow the procedures set forth
below for transactions where outside legal fees and expenses are expected to
exceed $25,000.00.  The purpose of these procedures is to (i) improve
communication with counsel (inside and outside) on issues, fees and services
and (ii) send price signals on legal costs (with respect to specific
transactions) on a timely basis to the business units.  Every effort should
be made to continue to provide high quality legal work that has become
standard at ENA.

 1.  A written estimate of proposed fees and expenses and a written
description of the services shall be provided by our outside counsel.  The
responsible business unit and the General Counsel shall review and approve
such written estimate before our outside counsel is directed to provide
substantial professional services.

 2.  Our outside counsel shall be instructed to promptly submit a revised
written estimate if such outside counsel determines that legal fees and
expenses for such transaction will exceed the previous written estimate by
$25,000.00.  Such revised written estimate shall be reviewed and approved by
the responsible business unit and the General Counsel or his/her designee
before our outside counsel is directed to provide substantial additional
professional services.

 3.  In order to accurately track such expenses so that the expenses can be
properly allocated to the various business units, a work order number should
be obtained for each transaction.

 Thank you for your cooperation.  If you have any questions or any other
suggestions for controlling expenses, please call me at extension 36544.


Mick,

FYI,

vlt
x3-6353
---------------------- Forwarded by Vance L Taylor/HOU/ECT on 02/21/2001
05:28 PM ---------------------------

Jerry Bubert@ENRON
02/21/2001 01:03 PM
To: Vance L Taylor/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT, JoAnne Harris/NA/Enron@Enron, Gerald
Lofton/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, Brian M
Riley/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Christy Sweeney/HOU/ECT@ECT,
Robert Walker/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT
Subject: Crosstex Energy Services-Camden Res.,Driscoll Ranch, Meters
9868,9858, GPA dated 9/28/00

Crosstex has elected the base contract price (IF HSC less $0.10) for all gas
produced from the above wells for the term 3/1/01-3/31/01.  JAB


see you then

John J Shoobridge@ENRON
02/28/2001 11:18 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: Dinner

Great I'll be there as from 6:30.
By the way your Mom was great at giving an idea on where to live.
Thank her very much.

Chau viejo.


Sara, further to my email. Has the confirmation for the Melbourne HDD swap
with Aquila been signed yet. If it has we need to do the "back to back"
confirmation with EAF.

David Minns
04/27/2000 02:44 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: HDD Swap between ENA and Aquila Risk Management Corporation

Sara I agree that the confirmation should be in a form that is acceptable to
ENA. We attempted to put use an ENA confirmation format. I have incorporated
your comments into our latest draft. I did this with some caution as there
appears to be slight differences between it and the draft you sent me. I
suggest if you find our section 2 satisfactory then you lift it and place it
in your standard confirmation. On the issues you raised.
1 October is correct as the termination date as time is measured from 9am
each day. Hence 30 September finishes at 8:59am on 1 October
The Payment Date should be at least 20 Business Days after the BoM readings
to determine the Floating Amount. An alternative wording could be "the
earlier of the [specified date] or 20 Business Days after...."
 The "Strike Amount Differential" and  "Payment Amount" could be worded
alternatively as in the pro forma ENA confirmation attached.

Would you forward your final wording.

David Minns
04/27/2000 09:23 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: HDD Swap between ENA and Aquila Risk Management Corporation

Thanks for that Shari. I have your fax. I will respond today

Sara Shackleton@ECT
04/27/2000 08:54 AM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: HDD Swap between ENA and Aquila Risk Management Corporation

Hi, David!  Hope all is well.  Since the referenced swap has been documented
by ENA, I am now reviewing the Transaction.  I have a number of questions,
many the result of my unfamiliarity with your Australian Reference/Fallback
weather stations and a few other comments.  I thought I would mark this up
and fax it to you which I will do shortly.  Sara


Our first flag football game is tonight! Are you in?

Nick Hiemstra
03/27/2000 10:00 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Game Tonight

What game?

	Enron North America Corp.

	From:  Eric Bass                           03/27/2000 08:55 AM

To: Brian Hoskins/HOU/ECT@ECT, Luis Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Amir Ahanchian/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Timothy
Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT
cc:
Subject: Game Tonight

The game is at 8:45 at the Post Oak YMCA.  The Post Oak YMCA is outside the
loop at the corner of San Felipe and Augusta.

We have eight as of now, so make sure and let me know if you can't make it
for any reason.


[IMAGE]
 Fantasy Football on Live Radio!  Be sure to tune into SportsLine Radio every Friday at 4 pm ET for The Fantasy Advantage, the most informative and entertaining Fantasy Football Show on the Net! Commissioner.COM Managing Editor Scott Engel and featured expert Michael Fabiano have all the latest news and analysis for you, along with insights from beat writers and pro football insiders! Enjoy a full hour of Fantasy Football talk every week!  NFL FANS - SAVE 10% on Team Caps!  Represent your team in a fitted, adjustable or logo cap. Enter coupon code CTP6W92Y at checkout to receive this exclusive offer. Ends 11/6/01.  Attention Fantasy Fans!  Subscribe to The Sporting News  now for a low $.99 per issue AND get a FREE Stainless Steel Thermo-Bottle! HURRY!    Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here      Player Updates NFL Reports   [IMAGE]'); [IMAGE] Latest NFL Player News    Edgerrin James  , RB IND - Powers Rangers Updated 10/26/01   James sprained his left knee in the fourth quarter of Thursday's game at Kansas City. He did not return, and was replaced by Dominic Rhodes, who scored the Colts' final TD on a 77-yard run. James remained on the sidelines after leaving the game.    Derrick Alexander  , WR KC - Damons Doormats Updated 10/25/01   Alexander suffered an injury to his ribs prior to Thursday's game vs. Indianapolis. He did not play, and Larry Parker and Marvin Minnis saw most of the work in two receiver sets.    James Hodgins  , RB STL - Free Agent Updated 10/25/01   Hodgins is suffering from a toe injury and is questionable for Sunday's game against New Orleans. He won't be used much in the Rams offense even if he is healthy.     Dave Stachelski  , TE NO - Free Agent Updated 10/25/01   The Saints released Stachelski Wednesday. He caught just one pass this season for five yards.     Michael Bennett  , RB MIN - Powers Rangers Updated 10/25/01   Bennett missed practice Wednesday and is listed as questionable on the injury report. He is making progress in his recovery, but his owners should reserve him on their roster. Head coach Dennis Green hasn't given any indication that he will use Bennett this week.     Todd Heap  , TE BAL - Free Agent Updated 10/25/01   Heap is optimistic about playing in Sunday's game against the Jaguars. However, he has been inactive since Week Two and is listed as questionable on the injury report. Consider reserving him this week.     Anthony Thomas  , RB CHI - Feeleys Fanatics Updated 10/25/01   Thomas has been named the starter for Sunday's game. He has a case of turf toe but the injury is not considered to be serious. Thomas is listed as probable on the injury report.     Kevin Swayne  , WR NYJ - Free Agent Updated 10/25/01   Swayne will start at wideout in place of the injured Wayne Chrebet. Consider using Swayne if you need a third receiver to start this week.     Reggie Swinton  , WR DAL - Free Agent Updated 10/25/01   Swinton is still recovering from a hamstring injury and will be re-evaluated after practice on Thursday. Swinton won't have much Fantasy value if he is healthy.     Dedric Ward  , WR MIA - Free Agent Updated 10/25/01   Ward has been ruled out of Sunday's game at Seattle. He is still recovering from a foot injury.     Terry Allen  , RB BAL - Dans Dawgs Updated 10/25/01   Allen practiced Wednesday but remains questionable for this week's game, according to The Baltimore Sun . Jason Brookins will start Sunday if Allen is inactive.     Jason Brookins  , RB BAL - Commissioner Updated 10/25/01   Brookins has a minor shoulder injury but is expected to play this Sunday. He might actually start this week in place of the injured Terry Allen. Nevertheless, he is listed as probable on the injury report.     Shannon Sharpe  , TE BAL - Carsons Wildcats Updated 10/25/01   Sharpe is recovering from a leg injury but is expected to play in Sunday's game. He is listed as probable on the injury report.     Freddie Jones  , TE SD - Carsons Wildcats Updated 10/25/01   Jones has a sprained ankle but is expected to play in Sunday's game. He is listed as questionable on the injury report.     Hines Ward  , WR PIT - Free Agent Updated 10/25/01   Ward missed practice Wednesday because of a foot injury but is expected to play in Sunday's game. He is listed on the injury report as probable.     Joey Galloway  , WR DAL - Free Agent Updated 10/25/01   Galloway's status for Sunday's game will be determined after Thursday's practice. He is suffering from a foot injury that he suffered in the Cowboys' previous game.     Charlie Batch  , QB DET - Damons Doormats Updated 10/25/01   Batch was given the day off Wednesday, because of a sore arm. However, The Detroit Free Press reports that he is still expected to play Sunday against the Bengals.     O.J. McDuffie  , WR MIA - Free Agent Updated 10/25/01   Don't expect McDuffie to play again this season. The Miami Herald reports that he is still suffering from pain in his surgically repaired toe. McDuffie missed most of last season as well because of the injury.     Terrence Wilkins  , WR IND - Commissioner Updated 10/25/01   Wilkins will not play in Sunday's game. He has been ruled out because of broken ribs.     Jerome Pathon  , WR IND - Jugg or Nuts Updated 10/25/01   Pathon will miss his third straight game Thursday at Kansas City due to a sprained right foot. Rookie Reggie Wayne will replace him in the starting lineup.     Terry Glenn  , WR NE - Feeleys Fanatics Updated 10/25/01   Glenn's status for Sunday's game is uncertain, according to The Boston Globe . He did some running but did not practice Wednesday. Glenn is still recovering from a hamstring injury and the Patriots want to see how his leg holds up before activating him Sunday.     Drew Bledsoe  , QB NE - Free Agent Updated 10/25/01   The Boston Globe reports that there is a possibility that Bledsoe might be able to fill in as the emergency QB Sunday. Although he is still under his playing weight, he has begun throwing and doing individual passing drills.     Chad Morton  , RB NYJ - Free Agent Updated 10/25/01   Morton might be able to play this Sunday, according to The Bergen Record . He has missed the past three games because of an ankle sprain.     Marco Battaglia  , TE CIN - Free Agent Updated 10/25/01   Battaglia is listed on the injury report as probable. He has a calf injury but is expected to play in Sunday's game at Detroit.     Chad Johnson  , WR CIN - Free Agent Updated 10/25/01   Johnson is making progress in his recovery from a broken clavicle, but The Cincinnati Enquirer reports that he will be sidelined for several more weeks. Ron Dugans will fill in as the third receiver in his absence.     Chris Sanders  , WR TEN - Free Agent Updated 10/25/01   Sanders has responded well to back treatment and might play Monday, according to The Nashville Tennessean . However, Sanders is used as a third receiver on a run-oriented team and won't be too productive even if he is healthy.     Tyrone Wheatley  , RB OAK - Jugg or Nuts Updated 10/25/01   Wheatley did not practice Wednesday because of a wrist and knee injuries, but head coach Jon Gruden told The Contra Costa Times that he is making progress. He is listed as questionable for Sunday's game against the Eagles.     Keyshawn Johnson  , WR TB - DeWaynes Demons Updated 10/25/01   Johnson ran in the morning and afternoon but did not practice Wednesday, according to The St. Petersburg Times . Johnson is recovering from hip and thigh injuries but is expected to play Sunday.     Jacquez Green  , WR TB - Kens Killers Updated 10/25/01   Green is listed as questionable for Sunday's game against Minnesota. He is recovering from a groin strain. Frank Murphy will replace Green at receiver if he is unable to play.     Warrick Dunn  , RB TB - DeWaynes Demons Updated 10/25/01   Dunn participated in running drills Wednesday and did not have any setbacks in his recovery from a toe injury, according to The St. Petersburg Times . Nevertheless, Dunn is still listed as questionable for this week's game against Minnesota.    More Updates    Transactions NFL Reports   [IMAGE]'); [IMAGE]  10/25   Chicago Rush (Arena)  Named David Witthun special teams coordinator and fullbacks/linebackers coach.     10/24   Carolina Panthers    Claimed linebacker Darren Hambrick off waivers from the Dallas Cowboys  ; waived linebacker Michael Hawkes.    Cleveland Browns    Signed defensive back Dyshod Carter to the active roster; waived defensive back Brandon Jennings; signed defensive back Earthwind Moreland to the practice squad.    Denver Broncos    Signed wide receiver Richard Hall and defensive back Kelly Herndon to the practice squad.    Detroit Lions    Placed wide receiver Germane Crowell  on injured reserve; released defensive end Alonzo Spellman; signed wide receiver Bert Emanuel  .    New Orleans Saints    Signed wide receiver Wane McGarity  to a one-year contract; waived tight end Dave Stachelski  .    Washington Redskins    Signed wide receiver Eric Metcalf  .     10/23   Chicago Bears    Placed wide receiver Marcus Robinson  on injured reserve; signed defensive end Joe Tafoya from the practice squad to the active roster; re-signed tight end Adam Young  to the practice squad.    Miami Dolphins    Placed safety Trent Gamble on injured reserve; signed safety Ray Green to a two-year contract.     10/22   Atlanta Falcons    Waived guard Chris Banks; signed tackle Dave Kadela from the practice squad; signed guard Chad Overhauser to the practice squad.    Chicago Bears    Announced it will play preseason and regular season home games in 2002 at Memorial Stadium at the University of Illinois in Urbana-Champaign.    Miami Dolphins    Signed defensive end David Bowens; released guard Ray Redziniak from the practice squad; signed wide receiver Ronney Daniels  to the practice squad.    BC Lions (CFL)  Signed defensive lineman Joe Ferrer to the practice roster.     10/19   Green Bay Packers    Re-signed defensive end Anthony Herron to the team's practice squad; released cornerback Hurley Tarver from the practice squad.     View Transactions   [IMAGE]'); [IMAGE] View  [IMAGE]    Transactions     Date     Time     Player     Team     Transaction     Effective     Cost   10/25/01 9:24 PM Seder, Tim Commissioner Signed Week 7   10/25/01 9:24 PM Feely, Jay Commissioner Released Week 7   10/25/01 9:10 AM Patten, David Carsons Wildcats Signed Week 7 $7.5 10/25/01 9:10 AM Crowell, Germane Carsons Wildcats Released Week 7 $7.5 10/25/01 9:10 AM Gardner, Rod Carsons Wildcats Signed Week 7 $7.5 10/25/01 9:10 AM Moore, Rob Carsons Wildcats Released Week 7 $7.5 10/23/01 1:54 PM Batch, Charlie Damons Doormats Signed Week 7 $7.5 10/23/01 1:54 PM Hasselbeck, Matt Damons Doormats Released Week 7 $7.5 10/23/01 1:37 PM Graham, Jeff Jugg or Nuts Signed Week 7 $7.5 10/23/01 1:37 PM Robinson, Koren Jugg or Nuts Released Week 7 $7.5 10/23/01 1:36 PM Warrick, Peter DeWaynes Demons Signed Week 7 $7.5 10/23/01 1:36 PM Robinson, Marcus DeWaynes Demons Released Week 7 $7.5 10/23/01 1:35 PM Terrell, David Dans Dawgs Signed Week 7 $7.5 10/23/01 1:35 PM Burress, Plaxico Dans Dawgs Released Week 7 $7.5 10/23/01 12:21 PM Thomas, Anthony Feeleys Fanatics Signed Week 7 $7.5 10/23/01 12:21 PM Jackson, James Feeleys Fanatics Released Week 7 $7.5 10/23/01 12:14 PM Chapman, Doug Dans Dawgs Signed Week 7 $7.5 10/23/01 12:14 PM Alstott, Mike Dans Dawgs Released Week 7 $7.5 10/23/01 12:13 PM Brown, Troy Kens Killers Signed Week 7 $7.5 10/23/01 12:13 PM Price, Peerless Kens Killers Released Week 7 $7.5 10/23/01 12:11 PM Hayes, Donald Commissioner Signed Week 7   10/23/01 12:11 PM Centers, Larry Commissioner Signed Week 7   10/23/01 12:11 PM Byrd, Isaac Commissioner Signed Week 7   10/23/01 12:11 PM Graham, Jeff Commissioner Released Week 7   10/23/01 12:11 PM Brown, Troy Commissioner Released Week 7   10/23/01 12:11 PM Biakabutuka, Tim Commissioner Released Week 7     Breakdown Schedule   [IMAGE]'); [IMAGE] Breakdown  [IMAGE]     Damons Doormats     Player     Pos     Points    Batch, Charlie   QB 0.0  Canidate, Trung   RB 0.0  Garner, Charlie   RB 0.0  Alexander, Derrick   WR 0.0  Hakim, Az-Zahir   WR 0.0  Rice, Jerry   WR 0.0  Vanderjagt, Mike   K 9.0  Broncos   DT 0.0   [IMAGE]  TOTAL     9.0    [IMAGE] Andersen, Morten   K 0.0  Packers   DT 0.0  Anderson, Richie   RB 0.0  Faulk, Marshall   RB 0.0  Favre, Brett   QB 0.0  Jackson, Willie   WR 0.0  Westbrook, Michael   WR 0.0   [IMAGE]   at Carsons Wildcats     Player     Pos     Points    Warner, Kurt   QB 0.0  Pittman, Michael   RB 0.0  Tomlinson, LaDainian   RB 0.0  Gardner, Rod   WR 0.0  Holt, Torry   WR 0.0  Patten, David   WR 0.0  Stover, Matt   K 0.0  Rams   DT 0.0   [IMAGE]  TOTAL     0.0    [IMAGE] Brunell, Mark   QB 0.0  Vikings   DT 0.0  Christie, Steve   K 0.0  Green, Ahman   RB 0.0  Jones, Freddie   TE 0.0  Prentice, Travis   RB 0.0  Sharpe, Shannon   TE 0.0   [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


Steve,

I talked to Mike about taking you out to dinner sometimes next week.
Let's close the loop on this on Friday.

Vince

Steve Bigalow@ENRON
04/25/2001 08:23 AM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:	4/25

Good morning Vince,

NEM needs to close above 17.20 to show upside potential. A stronger mining play looks like AU.

I want to thank you for going to bat for me as much as I hear that you did.  Enron was a company where my skills could be very beneficially used. I regret that we didn't get to scratch the surface of what I could contribute. I feel that beyond being business associates, you and I became good friends. I hope that can remain constant through out the future.

The one true question that I would like to pose to you is this. It appears that the political arena here at Enron is currently unfavorable for technical analysis. Without fear of hurting my feeling one way or the other, should I consider having future opportunities with Enron once, if and when, the management situation becomes different?

If nothing ever meshs, that does do stop you from contacting me whenever you need Candlestick/technical evaluations.

Your good friend,

Steve


BUSINESS HIGHLIGHTS

Weather Group
On Wednesday, December 6th, The Weather Channel aired an episode of their
show "Atmospheres," which included a fifteen minute segment focusing on
Enron's Weather Risk Management business.  Mark Tawney, Steven Vu, Gary
Taylor, and Steve Bennett were featured.  The Weather Channel has aired the
episode periodically since then.  The parts that make it through the Enron
cutting room floor will be coming soon to an elevator near you!  If you would
like to view a copy of the episode in its entirety, please contact Yvette
Simpson at ext. 3-9595.

The Weather Risk Management group completed the first ever Power Demand
transaction this week.  The transaction was a swap based on the PJM demand
index.  Power Demand contracts use average peak power demand as an index and
allow power market participants (generators, btu distributors, marketers,
etc...) to mitigate volumetric exposures.  Weekly swaps are available on
EnronOnline and the desk has placed option contracts on this index in the
broker market.  Inquiries regarding this product should be directed to
Claudio Ribeiro, product manager ext. 3-7313, Gary Taylor ext. 3-1511, or
Valter Stoiani ext. 3-6906.

West Power Trading
It,s been a wild and crazy holiday season in the West.  Electricity prices
have remained extremely bullish throughout the entire WSCC, due in large part
to below-normal temperatures, &less than stellar8 river flows in the
Northwest and Northern California, tremendously volatile natural gas prices,
and a number of generating plants down for both planned and unplanned
maintenance.  Recently, the Federal Regulatory Energy Commission (FERC) has
stepped in to implement several orders in an effort to try to correct this
&extremely flawed market.8  Stay tuned sports fans; some have the feeling
that the best is yet to come.

HAPPY HOLIDAYS
Seasons Greetings from ENA PR.  The EnTouch newsletter will be on holiday
break next week.  If you have information for future issues of EnTouch,
please send it to Michelle Vitrella.  We hope you have a wonderful and safe
holiday.  See you next year!

WELCOME

New Hires ENA/EIM/EGM
ENA ) Kimberly Hardy, Adam Johnson, Daniel Lisk, William Fleenor, Stacey
Wales, Jason Fischer, Aparna Rajaram

LEGAL STUFF

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


that won't be a problem at all
ily
fletch


You are invited to attend a "Coed Shower" for Ryan Ruppert and Laura
Gammell to celebrate the couple's upcoming nuptials.  Ryan and Laura are
going to be wed on May 5th, that's right.... Cinco de Mayo!  In honor of
the Cinco de Mayo wedding, Mexican style snacks and drinks will be served.
It will be quite a FIESTA!!!

                     Where:  Carrie Nolan's Apartment
                    When:  Saturday March 31st, 6pm- ?
What:  Feel free to bring a gag gift or traditional gift or just show up to
                              wish them well!

Please RSVP to this e-mail by March 25th:  jennifer.m.erich@exxonmobil.com

                          Directions to Carrie's:
      Get to W. Alabama and Kirby somehow...boat, bike, motorhome...
Go North on Kirby ONE BLOCK to Steel St (Directly across from Whole Foods),
 take a Left on Steel St.  First Apt bldg on Right...#2626!  713-524-8511

Jennifer M. Erich
US West- Frio Trend

ExxonMobil
     Production

WGR 568
p. 713-431-1847
f. 713-431-1482


Start Date: 4/8/01; HourAhead hour: 1;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040801.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 1 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SKEETER
  ENGY_TYPE: WHEEL


Here are all three documents I sent to Peter.

Gavin
---------------------- Forwarded by Gavin Dillingham/ENRON_DEVELOPMENT on
08/24/2000 12:48 PM ---------------------------

Gavin Dillingham
08/24/2000 12:48 PM
To: Peter Styles@ECT
cc:

Subject: Talking Points re "reregulation" in California

Peter, attached are three documents that Steve Kean said could be used for
external communication concerning the California Power Issue. The first one
is talking points from Jeannie Mandelker, following that is Steve's message
to the Executive Committee, and the final attachment, at the bottom of the
page, are talking points from Jeff Dasovich.

Let me know if you need further information.

Regards,

Gavin

______________________________________________________________________________
________________________________________________________
To: Executive Committee

Subject: Talking Points re "reregulation" in California

As I promised this morning at the executive committee meeting, below are some
talking points for your use.

Overall message:  the market is working, regulation is not.

In California, peak demand rose by 10% over the last 4 years while new
capacity grew by only 2%.  But, as you would expect, the market responded by
proposing 8,000MW of new generation - - more than enough to offset the peak
demand growth.  The regulatory process, at both the state and local level,
has failed to site this new generation.  The problem is regulation, not
deregulation.

When San Diego customers began experiencing the effects of higher prices,
Enron responded with a fixed price which would have shielded San Diego
customers from price volatility and provided prices below their current
summer levels (Enron's price was about $55/MWH).  After publication of
Enron's offer, nine other companies made offers.  Again, the market responded
where regulation failed.  San Diego has not accepted any of these offers
because of regulatory/legislative restrictions on its ability to buy outside
of the PX (i.e. the spot market).

In markets where siting is easier, suppliers have moved to build additional
generation.  Enron built 3 plants in response to the 1998 price spikes.
Those plants were planned, sited and built in less that 12 months - - in time
for the summer of 1999.  Where regulatory hurdles are lower, the market
responds.

The solution to current pricing and reliability issues is more competition
not reregulation.  Policy makers should:

Open the transmission grid so that power can get from where it is to where it
is needed.

Expedite interconnection of new generation.

Expedite siting of new facilities.

Give customers a choice, so that they have better access to demand side
solutions.

Also attached is a more detailed discussion of California, prepared by Jeff
Dasovich of our San Francisco office.


Teco Tap       10.000 / Enron ; 90.000 / HPL IFERC

LS HPL LSK IC       30.000 / Enron


Kevin Kindall brought to my attention that a number of new members in the
group may need to get access to the Research Projects Tracking database in
lotus notes.    Access can be requested through use of the secutity resource
request form accessed from lotus notes.    Just submit the form requesting
that you be added as a user of the research group's Research Projects
Tracking database.

thanks,
--Stinson


Sorry, one more time.  The attached file should be correct.

(See attached file: HPLN1216.xls)

 - HPLN1216.xls


Dave

I think Overdyke is still working on the peaker insurance deal.  He has Per on the road working on it.  We probable should tell him that we don't have anymore unless New Albany is enough.


can you send this to all the staff member participants today?  Thanks.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/23/2000
02:55 PM ---------------------------

	From:  Jana Giovannini                           10/23/2000 11:54 AM

To: Jeffrey A Shankman/HOU/ECT@ECT, Larry Lawyer/Enron Communications@Enron
Communications
cc: Charlene Jackson/Corp/Enron@ENRON, Julie Braly/NA/Enron@ENRON
Subject: Super Saturday Interviewers

Jeff/Larry,

To follow up on my voicemail, the Associate and Analyst Program is in great
need of interviewers for October 28th and November 4th Super Saturdays.
These weekends are the most critical at this time.  To date, we are in need
of an additional 38 interviewers for October 28th and 67 for November 4th.
In order to have a successful recruiting season, we would greatly appreciate
your assistance in getting more EGM executives to participate in this
effort.  Please contact me at x39233 with any questions.  Thanks for your
continued support.


I'm going to visit with the Hermanator briefly tomorrow.  Would you like to
join me?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/23/2000 05:38
PM ---------------------------

Herman Manis
08/23/2000 05:33 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: VEPCO meeting

Let's do 2:30 tomorrow for 30 minutes in 3394.

To: Herman Manis/Corp/Enron@ENRON
cc:
Subject: Re: VEPCO meeting

Yikes.  Would you have just 30 minutes sometime during the afternoon
tomorrow?  I really struck out with everyone else for Friday.  Otherwise,
I'll be glad to schedule a meeting on Friday (in addition to this one
tomorrow) to review the structure with the various players.  You pick a time
(the earlier being better for me).

Thanks,

Kay

Herman Manis
08/23/2000 04:05 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: VEPCO meeting

I am already booked solid tomorrow afternoon on another deal.  Friday is much
better.

To: Christi L Nicolay/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Jeffrey
Keenan/HOU/ECT@ECT, Matthew F Gockerman/HOU/ECT@ECT, Herman
Manis/Corp/Enron@ENRON, Larry Soderquist/HOU/ECT@ECT, Heather
Kroll/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, John Moore/Corp/Enron@Enron
cc: Suzanne Adams/HOU/ECT@ECT
Subject: VEPCO meeting

Looks like Thursday at 300pm is working out for most people to meet to
discuss the VEPCO PPA. The meeting will be held in EB38C1.

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

Kay


Average of Sempra and Dynegy is $68,367,183.50

Receivables are $5,822,999.98 as per the Deal Chart.

Please let me know if you need anything else to complete the financial
portion of the package.

Thanks,
Tanya


To: Ken Lay, Jeffrey Skilling and the Enron Advisory Council
From : Gavyn Davies, Goldman Sachs

Re - The Global Oil Price Shock

Since our meeting in Houston, the spike in world oil prices has gripped the
attention of financial markets. I attach a paper which analyses the genesis
of the present oil price increase, the likelihood of it proving permanent,
and the probable impact on the world economy.

The bottom line is the following:

1. The recent increase in the oil price has been due fundamentally to
an increase in global demand, and not to the activities of OPEC, operating
as an oil cartel. In fact, OPEC does not seem to have enough immediate
supply headroom to make much difference to the situation for many months.
The danger of shortages will therefore be very acute this winter, even with
normal weather conditions. This could lead to temporary spikes in the price
to well over $40/barrel. We see a similar situation, or worse, developing in
natural gas.

2. However, we do not see this situation as permanent. In terms of deep
fundamentals, the equilibrium price for oil in the long term is still only
about $18/barrel. Within about 12 months, a large increase in the supply of
oil should push prices back down again, possibly quite sharply. Our present
forecast for the average oil price in 2001 is $27/barrel, somewhat below
today's spot price levels. But we do not expect to see this oil price
downturn before next summer.

3. If oil prices do indeed average $27/bl in 2001, this will prove to
be an oil shock for the developed economies which is the same in magnitude
as the Gulf War shock a decade ago. It will reduce net disposable income for
the OECD economies by about 0.7%, and add about 0.9% to headline inflation
numbers. All of these effects will already be in the data by about 2000 Q4,
so on our main forecast there should be little or no further adverse effects
through 2001.

4. On this oil price scenario, GDP growth in the developed economies
will slow from about 3.9% in 2000 to about 3.4% in 2001 - not a bad
out-turn.

5. What if the oil price sustains $40/bl next year? This would give us
another round of effects about the same as those mentioned in para (3)
above. Even then, however, these effects should not be enough to push the
world into recession. Growth should still be adequate at about 2.5-3.0%.

6. The main risks to this conclusion are that a spike in oil prices,
and possible oil shortages, this winter cause a drop in equity prices, and a
large dip in business and consumer confidence. This could then lead to a
more pronounced downturn in GDP next year, especially if it triggers the
kind of correction in the US that Larry and I have been worrying about for a
long time. But this should prove just about avoidable, assuming sensible
policy responses..

7. This may therefore all work out a bit like the winter of 1998/99.
Going into the winter, events occur which make people worry about recession.
Business and consumer confidence, and equity markets, take a dip. But then
things improve, and it all turns out to be a buying opportunity.

8. I hope so, anyway!

Best wishes,

Gavyn

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Hello.

I would like to receive a brochure and room rates for 2001.  I visited your
website and it looks wonderful.

Please send the info to Kay Mann, 29 Inverness Park Way, Houston, TX, 77055.

Thanks,

Kay


did he go out on sat?  that would make him a real champ.


(See attached file: HPLN0104.xls)

 - HPLN0104.xls


Per our discussion when I was in London, we ordered you  a box of blue files
and sent them to you (for your original deal files since you said you
couldn't get those types of files in England).  One of our assistants got a
call from what I guess must be Meagan and she (Meagan) said she was sending
the files back because it wasn't what she wanted.  So if you do want the blue
files you might want to intervene with Meagan before the files cross the
Atlantic again.  We would, of course, be able to use the files here, so no
big deal.


This is in regard to the maintenance that you want to do at the Texoma -
Beaumont interconnect (replace some valves, I believe).

We had discussed doing this at a time when Mobil Beaumont Refinery would have
low gas takes.  That window of opportunity will be in early to mid February.

Mobil will take down some of the units at different times during the month.
Some of these units are endothermic, some are exothermic, so in some cases
their gas load goes up when they take certain units down.  But based on the
schedule of ups and downs that I've been given, it looks like their gas load
will be at a low point between February 1 and February 12, at somewhere
around 50,000/d.  Last we talked about HPL continuing to deliver 20,000/d
through the low pressure meter, and delivering the rest through Centana.  Is
this still the plan??

We met with Mobil last year in July to talk to them about what we need to
do:  that it would take less than a day, and that during that time, HPL would
deliver some of our gas to them through the Centana meter.  But that meeting
was a long time ago, and we might need to meet again - you know how
conservative

One thing of concern:  in the past two months, we have effected some of our
MidCon delivery obligation by delivering 30,000/d gas in kind to Mobil
Beaumont.  So we will not be able to do this during the day that we do our
maintenance.

Once you gents let me know what you game plan is and confirm how we'll handle
gas flows while we do our work, I'd like to be the one that initially tells
Mobil of our plans and set up the initial meeting.  It's going to take a lot
of coordination because I can guarantee you that Mobil's maintenance schedule
will change!

Lee
3.5923


I am glad to see that you have now acquired a new puppy.

	Stacy E Dickson
	03/22/2001 02:32 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Fw: PUPPY

Here is # 6!
----- Forwarded by Stacy E Dickson/HOU/ECT on 03/22/2001 02:31 PM -----

	"Gina Lucero Miller" <glmiller@iresonweizel.com>
	03/22/2001 01:52 PM

		 To: "Stacy E Dickson" <Stacy.E.Dickson@enron.com>
		 cc:
		 Subject: Fw: PUPPY

Since you're my biggest dog lover friend.? This is my  secretary who is
looking to sell her puppy.
?
-----Original Message-----
From:  Brandi Rosales <brrosales@iresonweizel.com>
To:  Susie Dailey <stdailey@iresonweizel.com>; Mary  Parsons >
<maparsons@iresonweizel.com>; L.  Ireson <loi@pdq.net>; Gina Lucero Miller
<glmiller@iresonweizel.com>;  Estelee Gum <mailto:egum@pdq.net>;  Blaine
Hummel <bhummel@iresonweizel.com>; Lionel  Castro <ljcastro@iresonweizel.com>
Cc:  lbradford@iresonweizel.com  <lbradford@iresonweizel.com>;  Vicky
Fitzjerrells <vfitzjerrells@iresonweizel.com>
Date:  Thursday, March 22, 2001 10:02 AM
Subject:  PUPPY

I am selling a 3 1/2 month old full-blooded male  scottish terrior that we
just bought.?
He was born on December 13, 2000.? I have his  AKC registration application.?
His color?is black brindle.? He is an  indoor?dog and he has?beem wormed and
had his 1st?set of shots.  He will be getting his second set of shots on
Saturday.?
?
We are selling him because we?do not have time  to spend with?him like he
deserves.???
If any of you?know anybody?that is  interested, let me know.?
We bought him for $350.00 and I am selling him for  $300.00 obo.???????
?
I will be putting an ad in the chronicle also.


Enclosed for your review is a draft copy of the four examples that I am
considering showing to AA as we request that they consider the chances of our
trading partners/customers receiving hedge treatment from trades such as
these.  Please review this writing, make suggestions and comments and either
email those changes back to me or fax them to me at 713-646-8416. If you
would rather send your recommendations via courier, send them to EB 3585b.

Martin, please suggest wording for insurance products that meet the same
needs of the customer as the derivative examples.  Outline any significant
issues and send me those recommendations by Thursday at noon if possible.

John


why does everybody in this company know my p&l?????


Energy Industry Professional:

The book, "Energy Derivatives:  Trading Emerging Markets", written by Peter Fusaro is now available from Global Change Associates at www.global-change.com.  This book offers coverage of the emerging markets of emissions, weat her, coal, bandwidth, and electricity markets. Expert contributors include Amerex, Natsource, Spectron, NYMEX, IPE, Dow Jones and Arthur Andersen. Further information is available on content and ordering on the Global Change Associates website under the  book button.

If you would like to be deleted from this email list, please click info@global-change.com and type remove. We are sorry for any inconvenience.


Ok my dear....you just tell me when a good time is for me to visit and we'll go from there.  i got your x-mas present last night.  thank you very much, i'm anxious to start reading it.

if you do check email today, give me a shout back.  we can have an old fashioned email chat.  i'm worried about you mo.  i've been praying for you, for all that you're struggling with...but i'm stepping it up double time.  please don't completely retreat inside yourself right now...that doesn't mean you need to talk to me, but talk to someone.

love,
SueBob


Hi Sara and Ed!
ConEd wants to get going on an ISDA , in parallel to adjusting as necessary
the long form for the upcoming transaction.  They believe that the ISDA will
not be negotiated in time for when they want to execute, thus the parallel
documents.
Regarding the annex, the uncoming deals could potentially be swaps, collars,
or participating swaps.
I think they are quite eager to hear our response.
Thanks,
Janelle
 -----Original Message-----
From:  "Forte, Michael" <FORTEM@coned.com>@ENRON
[mailto:IMCEANOTES-+22Forte+2C+20Michael+22+20+3CFORTEM+40coned+2Ecom+3E+40ENR
ON@ENRON.com]
Sent: Tuesday, April 10, 2001 4:00 PM
To: Scheuer, Janelle
Subject: Con Edison Form of ISDA Agreements

  Janelle,

>     Attached for Enron's review are Con Edison's form of the ISDA Master
> Agreement Schedule, Credit Support Annex, Form of Guarantee, and Letter of
> Credit Form.
>
>              <<Con Edison - ISDA Schedule 041001 draft.doc>>  <<Con Edison
> - Credit Annex 041001 draft.doc>>  <<Con Edison Form of Guarantee.doc>>
> <<Con Edison Letter of Credit Form 041001 Draft.doc>>
>
Thank you and have a great day!
Michael

 - Con Edison - ISDA Schedule 041001 draft.doc
 - Con Edison - Credit Annex 041001 draft.doc
 - Con Edison Form of Guarantee.doc
 - Con Edison Letter of Credit Form 041001 Draft.doc