Terri,

What's going on and how was your weekend?  We are still working on the TN/FLA party - Suzanne is worried about enough places for people to sit - but I say she shouldn't worry - just have a lot of beer!  Are you going to see PH over the holiday?  Don't know for sure what I am doing yet - thinking about going to Dallas - gotta work out the logistics though.  Let's get together for a beer soon -

Kim

 -----Original Message-----
From: 	"Hamby, Terri" <Terri.Hamby@ElPaso.com>@ENRON
Sent:	Wednesday, November 14, 2001 11:39 AM
To:	Ward, Kim S (Houston)
Subject:	2001 Tennessee Football Schedule.html
Importance:	High

 <<2001 Tennessee Football Schedule.html>>

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

 - 2001 Tennessee Football Schedule.html << File: 2001 Tennessee Football Schedule.html >>


-----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 22, 2001 11:57 AM
To:	Kitchen, Louise; Dietrich, Janet; Delainey, David; SMITH, Douglas; Lavorato, John; Black, Don; Forster, David; Duran, W. David; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Black, Tamara Jae; Aucoin, Berney C. ; Furrow, Dale; Meyn, Jim; Harvey, Claudette; Presto, Kevin M.; Jacoby, Ben
Subject:	FW: Summary RTO Week Day 2 -- Planning & Expansion

FYI.

TJ and Claudette -- please forward to your groups.  Thanks.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Wednesday, October 17, 2001 10:17 PM

  RTO Week
Day 2 -- October 16, 2001
Transmission Planning & Expansion
The afternoon panel discussed transmission planning and expansion. The panelists were: Jose Degado--CEO American Transmission Company, Michael Dworkin--Chair Vermont PSC, Mark Maher--VP Transmission Business Line, Bonneville Power Administration, Lara Manz--PSE&G, Masheed Rosenqvist--National Grid, Steve Walton--Enron.
General Observations
The Commissioners were all present although the did leave and return from time to time.  Commissioner's Breathitt and Massey were the most active in questioning.  The FERC Staff were active in asking questions after the initial presentations, moving along the discussion by asking questions.  There was some reference to the morning discussion of congestion management, however, there was no discussion of the merits of the various types of transmission rights.  There was a good deal of consensus around the concept of the RTO Planning Process being first a provider of information to the market (where are problems, how might they be solved, etc.) and that the where possible that expansion be funded by market participants who would benefit.  There was a good deal of discussion of "least cost planning" and the identification of options which are not transmission related.  All agreed there had to be backstop authority to build transmission, however then the challenge is who pays for it, which raises the need for dispute resolution.
Opening Statements
Jose Delgado: ATC is a transmission only company with MISO as the system operator.  They view everyone as a customer whose needs are to be met.  They were formed by divestiture by IOUS, coops and munis and with a $500 million asset base initially. Their current ten year plan will add $1billion of investment.   Their top priorities are connecting generation and load.
Michael Dworkin: Because transmission is a common good, construction affects all parties not just one party.  The environmental and permitting of lines requires a balance of benefits with costs and a long range view.  The idea of joint boards should be considered for dealing with multi-state projects, although FERC has show little interest in joint boards they have been used by FCC.  State input needed because of the local needs and impacts which must be considered.
Mark Maher: FERC must consider the unique characteristics of the West when considering congestion management.  LMP is not a good fit to hydro systems with their multiple use obligations.  RTO West is developing a planning process which will give the RTO the freedom to develop options as we learn in the future.  The RTO needs a strong centralized planning process.
Laura Manz: The various aspects of planning are connected.  Pricing (LMP) is the key to getting the right signals for expansion of transmission and resources.   No competitor should have an advantage over another.  The RTO needs a central planning process but it shouldn't push solutions.  The market should decide on solutions.
Masheed Rosenqvist: The morning discussion of congestion management talked about hedging against risk.  The planning discussion is not about what we have now, but about how to avoid future congestion.  The Commission has taken conflicting positions in different cases.  The issues that need to be answered are:  How can merchant transmission be compensated?  Should transmission projects be open to RFPs?  Is FERC open to market based pricing for expansions?
Steve Walton:  The most important thing for FERC to do for expansion is to settle the matter of industry structure do away with the uncertainty that has frozen transmission investment.  The RTO debate has been going on for 5 years or more and needs to be settled.  For expansion to go forward, there needs to be a clear property right which accrues to the expanding party.  You are always going to have muddy issues in planning.  For instance if a 138 kV line is all that is needed to day, but future considerations of scare right-of-way say a 345 kV line should be built, who pays for the extra cost.  In order to resolve such matters the planning process must include a dispute resolution process, appeal able to FERC, to decide such matters.
Discussion
Kevin Kelly asked about he fact that some parties benefit form current congestion so how does a stakeholder process get things built when some oppose.  Most agreed that if a party wants to fund construction it should be built with the beneficiaries funding.  Michael Dworkin expressed concerns about use of eminent domain to build which means a benefit test must exist to say this is the best solution, i.e. least cost planning.  This lead to discussion of the need for the RTO to be provider of information to all parties so they can make intelligent decisions.
Commissioner Massey asked about whether the system was (a) under built and needed lots of expansion so don't worry about overbuilding or (b) transmission planning should consider all options before construction of new facilities.  The panel agreed that pricing needs to be a prime determinant in the process.  Michaela Dworkin worried that overbuilding distorts decisions.  Laura Manz felt that the term "under built" is a secondary effect of not having proper pricing of locational prices to guide parties.
Dick O'Neil asked if LMP will work in the West.  Mark Maher said it wouldn't.  Laura Manz said it applies everywhere because of physics, they manage hydro facilities in PJM.  Michael Dworkin said LMP means an explicit measure of cost of congestion and the value of generation at locations and ought not to be rejected just intelligently designed.  BPA is looking pricing model but LMP won't work.  Steve Walton said LMP needed for real time dispatch, but given the nature of the Northwest hydro system it must have some "tweaks" like bilaterals and allow operator self-schedule output levels to permit  river coordination.  Hydro system optimizes over weeks and months to maximize firm energy production not on an hour to hour basis.  PJM has hydro, but not 70% as in the Northwest.  Implementation will be different because such thing as unit commitment are different when you have primarily hydro and base load coal.
In the summation at the end of the panel, four principles were listed:  (1) RTO must provide information, (2) RTO should identify solutions, (3) RTO should be unbiased and (4) the RTO should be accountable.  The disagreement was over the last two points, Michael Dworkin felt that #3 (unbiased) was critical and that #4 (accountability) was accomplished by having regulators involved in governance.  Jose Delgado said and Transco can't be unbiased since it provides services, although the ISO above it can be, but accountability is based on loosing your investment if you make an mistake.  This last point really comes down to a preference for ISO over Transco forms and the tension which exist because unbiased and accountability issues.
Steve


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
Your mailbox size is currently 111521 KB.

Mailbox size limits:

	When your mailbox reaches 75000 KB you will receive this message.
	When your mailbox reaches 100000 KB you will no longer be able to send mail until the size of your mailbox is reduced.

To check the size of your mailbox:

  Right-click the mailbox (Outlook Today),
  Select Properties and click the Folder Size button.
  This method can be used on individual folders as well.

To make more space available, delete any items that are no longer needed such as Sent Items and Journal entries.

You must empty the Deleted Items folder after deleting items or the space will not be freed.

To turn Journaling off,
 click Tools | Options | Journaling Options and de-select all items.

See client Help for more information.


To the attention of:
Dr Kenneth L. Lay
Chairman and Chief Executive Officer
ENRON CORPORATION

Dear Dr Lay,

Please find below your username for the private area of our website which
provides you with updated information regarding the programme and
participants of the Annual Meeting (http://www.weforum.org/davosprivate).

Your username : klay
(For security reasons, your password will be sent in a separate e-mail)

Use of the resources in this private area will soon allow you to:

- Reduce the time required for your sign-up process on the spot in Davos
for sessions held in conjunction with a meal. All you need to do is provide
your credit card details in advance through our secured website.

- Check your office mail through the kiosk. All you need to do is fill in a
form providing the technical parameters necessary for establishing the
connection. The parameters for this POP3 information can be supplied by the
technical support staff in your office.

- Access the content of the sessions of previous events and the details of
panellists at our meetings when you explore the latest version of the
Knowledge Navigator. The Knowledge Navigator provides summaries of sessions
from previous meetings and summits structured along themes, regions and
industries as well as a biography and contact information for each
panellist.

The Forum looks forward to your participation in Davos.

Best regards,

Maurizio Travaglini
Director, Annual Meeting
World Economic Forum


Maybe I'm not looking at this appropriately, but why didn't the deferred taxes on the balance sheet disappear as of the date of sale to Dynegy?  My understanding is that the Option provided for a Section 338h10 basis step-up.  That would result in NNG's paying off its deferred taxes as of the transfer date.  I'm particularly interested in knowing how NNG will pay those taxes given that the note with Corporate can only be reduced to $240MM plus accrued dividends.  That tax election complicates the accounting significantly.

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Tuesday, February 12, 2002 10:35 AM
To:	Hayslett, Rod; Geaccone, Tracy; Chandler, Bob; Saunders, James; Corman, Shelley
Cc:	Desai, Jayshree
Subject:	NNG 10 year valuation model

I met with Jayshree Desai this morning to discuss the recommended changes to the NNG valuation model.  She will make these and circulate the model later today.  I few items worth mentioning -

1) Capex assumptions still seem too high for 2002-2004.  However, the 2002 number is some $30 million below the "Dynegy transition" capex amount shown in the 2002 Capex schedule.  Can we just assume non-discretionary only with the Base Gas repurchase in 2002/2003? Any discretionary would be commercially-driven.
2) Keep O&M flat to 2001 numbers?
3) Tracy / Shelley - Any thoughts on how to incorporate the contract info to better analyze the "contract roll off" scenarios? We have just assumed the 2002 Plan with 1-2% growth rate going forward with a new rate case in effect in 2005. Rod, not sure how you want to look at rate case assumptions or expansion opportunities but we can discuss tomorrow.  Recognizing the volume of NNG contract info and the time constraint we are under, there may or may not be any better alternative.
4) Rod - we have assumed an equity infusion of $175 million to re-capitalized NNG to more "reasonable" levels.  I can reduce the amount to $112,500,000 which is the Citibank prepay amount allocated to NNG if that sounds reasonable.
5) We will show a reduction in A/R of $1.807 billion and a corresponding reduction in equity due to the MCTJ loan.

Any thoughts you have on the above items would be very helpful.  We are trying to send out the info memo by the end of the week.  This model will be the basis for the NNG valuation.

Thanks,
Kevin


This morning, we announced an offer to acquire London-based MG plc, one of
the world,s leading metals marketers, for $446 million.  We have been
monitoring the global metals market for several years, and we believe that
now is the right time to enter this $120 billion market.  We are confident
that our successful business model, which we have proven in the natural gas
and electricity markets, gives us a tremendous advantage in a market that is
undergoing fundamental change.

Our offer to acquire MG plc has been unanimously recommended by MG plc,s
board of directors, and we expect to close the transaction by early third
quarter of this year, following shareholder and customary regulatory
approvals.

MG plc is a leading independent company in global non-ferrous metals trading
and marketing and the only such company that is publicly traded.
Headquartered in London with major offices in New York and Frankfurt, MG plc
has 330 employees in 14 countries.  It is the world,s leading copper
merchant, one of the top three merchants of copper concentrates and nickel,
and a leading European merchant of recycled metal.  Other products that MG
plc markets include aluminum, lead, tin, zinc, brass and stainless steel.

This transaction provides Enron with access to new customers and enables
cross-marketing opportunities.  We plan to sell Enron energy products to MG
plc customers and offer bundled products combining metals and power
outsourcing.  Enron will help producers and consumers manage the risks
inherent in volatile raw materials and energy markets, and we will improve
commodity prices for both buyers and sellers.

MG plc,s existing market-making capabilities and market knowledge provide an
immediate platform upon which to overlay Enron,s proven ability to offer
innovative e-commerce-enabled services to commodity-based industries.  Our
new metals business will be integrated into our wholesale business by Enron
Europe CEO John Sherriff, who will work closely with Enron Net Works CEO Greg
Whalley.


ho w have you been?  i haven't been up to much just going out and stuff.  are
you going home for the holidays?  i am heading to denver this weekend and
will be there through next week.  what are you doing over new years?


Entergy's will follow, after more price  discovery.
?
Our daily and term indexes will be posted by 3:45  p.m. each day.
?
Our Web site is www.tradersnewspower.com. Simply  click on an index to sign
up for a free 30-day trial.
?
Thank you,
Bobette
?
Bobette Riner
Senior Power Markets  Analyst
TradersNews
713/647-8690
bobette.riner@ipgdirect.com


I wasn't blaming you.  I was just disagreeing with the statement that that
changes have caused the problem.

From: Suzanne Adams@ECT on 08/01/2000 10:52 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Flight Change

You don't have to investigate your options if you'll tell me what you need.
I can't help it if we have a new travel agent.  I'll get the flight changed.

	Kay Mann@ENRON
	08/01/2000 10:18 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Flight Change

I disagree. NONE of the problems I've had in the last 2 weeks can be
attributed to changes.  There was no explanation given as to why they booked
me to return a day early on the first trip to DC. What was up with that? Last
week, I wrote down EXACTLY the flights I wanted didn't change my plans.  In
fact, I've spent more time investigating my options by myself than I ever had
before.

A travel agent ought to be able to deal with changes anyway.  That is what
business travel is all about, and has been for the 16 years I've been flying
around North America, South America and Europe.  I've had good agents and bad
ones.  The good ones can deal with the changes and never miss a beat.

Please have my flight changed as follows:

Wednesday, August 2nd, change to Continental flight no. 1882, departing IAH
at 122pm and arriving RDU at 510pm.

The remainder of the travel plans stay the same.

Thanks,

Kay

From: Suzanne Adams@ECT on 08/01/2000 10:05 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Flight Change

All this changing is where the problems come in!!!!!!!  Why can't they just
make up their mind about what time they want to leave.  You are already
upgraded and ticketed.  Let me know ASAP if you want to change so they won't
charge your card, etc.

	Kay Mann@ENRON
	08/01/2000 09:56 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Flight Change

Let me think about it.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/01/2000 09:56
AM ---------------------------

Heather Kroll@ECT
08/01/2000 09:53 AM
To: Kay Mann/Corp/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT
cc:

Subject: Flight Change

I moved Ozzie and my flight to Raleigh up to the 1:22 pm Continental flight.
Please have your assistants change your reservations also if you would like
to get in earlier.

Heather


CALENDAR ENTRY:	APPOINTMENT

Description:
	Camille Gerard lunch

Date:		12/5/2000
Time:		11:30 AM - 1:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


PG&E GT-NW Plans Lateral Across Washington State
PG&E Gas Transmission-Northwest (GTN) said it received market requests for about three times the capacity on a proposed lateral that would cross Washington and compete with Northwest Pipeline for rapidly expanding power generation markets in the western half of the state along the I-5 highway corridor. GTN closed its open season for the Washington Lateral Project June 22. It was the third open season for a GTN pipeline expansion this year. Meanwhile Northwest Pipeline has four expansions of its own planned for the region.
"The level of customer interest we received demonstrates the increasing demand for gas in Washington State," said Peter Lund, vice president of the PG&E National Energy Group, which includes GTN. Lund said GTN envisions a pipeline capable of transporting 300,000 to 400,000 Dth/d of gas. GTN said it received expressions of interest from local distributors and power generators.
The lateral would begin at GTN south of Spokane and head west to the Mid-Columbia area in central Washington, across the Cascades to the I-5 corridor in western Washington, which is served currently by only Northwest Pipeline. The ultimate route for the project has not been determined, and exact delivery points will be determined as the pipeline works out agreements with customers, the company said. "I want you to know that Mount Rainier is in the middle of the route area we are looking at but we will not be going over Mount Rainier because it's a national park; there's no way we are going to do that," said a GTN spokeswoman. "We're basically going to go from east to west over the mountains to I-5."
The pipeline companies in the Pacific Northwest have worked themselves into an expansion frenzy with two large mainline expansions and this new state-crossing lateral planned by GTN and four large laterals, including a new line to Vancouver Island, planned by Williams' Northwest Pipeline.  The power crisis has been the primary driver. Up until the last few decades, the region has relied on hydroelectricity and wood for its power generation, but now it is turning to natural gas.


Brent Hendry has a doctor appointment tomorrow (Friday) morning.  He will be
in as soon as he can.


Dear All, Looking fwd to Tues meeting, have not had a chance to review
background note produced for it but was hoping a digital copy could be made
available asap, pls advise...

Cheers,

Christine

Yolanda Clegg wrote:

> Dear Colleagues,
>
> We look forward to the first meeting of The Electricity Restructuring
Advisory Board.  The meeting will be held in Montreal, January 16, 2001
(commencing at 8:30 am), at the Commission for Environmental Cooperation
(CEC), 393 St-Jacques Street West, Suite 200.
>
> The CEC will cover all travel expenses along with accommodations and per
diem. Kindly complete the attached "Confirmation of Participation" form and
return it to Leticia Villeneuve by Dec. 18, 2000 (lvillene@ccemtl.org or fax
514-350-4345) so that we can arrange your travel plans. Since the holidays
are almost here, please note that after this Dec 18 deadline, we ask that you
arrange your own travel/hotel and the CEC will reimburse you (for an economy
priced ticket).
>
> Please do not hesitate to contact me should you have any questions or
concerns.
>
> Thank you,
> Yolanda Clegg
>
> Yolanda Clegg, M.Sc.
> Environment, Economy and Trade Program
> North American Commission for Environmental Cooperation
> 393 rue St-Jacques Ouest, bureau 200
> Montreal
> Quebec
> CANADA         H2Y 1N9
>
> tel: 514-350-4368
> fax: 514-350-4314
> yolanda@ccemtl.org
>
> http://www.cec.org
>
>   ------------------------------------------------------------------------
>                                Name: Confirmation-english.doc
>    Confirmation-english.doc    Type: Download File (application/msword)
>                            Encoding: base64
>
>                                  Name: Confirmation - Spanish.doc
>    Confirmation - Spanish.doc    Type: Download File (application/msword)
>                              Encoding: base64

--
****************************************
Christine Elwell
Sierra Club of Canada
Senior Policy Analyst
517 College St. Suite #237
Toronto, ON, Canada, M6G-4A2
Phone#:416-533-5177 Fax:416-960-0020
E-mail: scenergy@web.net
****************************************


Then I guess we can safely say that Jeff is in la-la land.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/13/2001 02:52 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout Con't

Yes they are two totally different electronic trading systems.

   Kate Symes @ ECT                03/13/2001 04:43 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout Con't

This deal was done on the Intercontinental Exchange (ICE). Jeff thought it
was the same thing as Dynegy Direct. I've changed it to ICE as broker, but
I'm wondering if these are different brokers, or why Jeff would have thought
they were the same....???

Kate

Evelyn Metoyer@ENRON
03/13/2001 02:31 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout Con't

deal 548465
Jeff Richter

Is Dynegy Direct the correct broker because I do not see this deal on their
web checkout?


The schedule for interviews at Wellesley are as follows:

November 4 - Pre-interview Reception
Attendees:
	Jen Frasier
	Carol Marshall
	Kelly Boots
	Michelle Cash
	Sabina Rank (Greeter)
	Mog Chu-Yang-Heu (Greeter)

November 5 - 1st round Interviews - 2 Schedules
Attendees:
	Same as above

November 6 - 2nd round interviews
Attendees:
	Andrea Reed
	Cindy Olson
	Mariella Mahan
	Ayesha Kanji (Greeter)
	Sona Khanova (Greeter)

We currently have 19 interviews scheduled.  Our schedule closing date is Oct 24, we will receive the schedules at that time and they will be distributed to the interviewers.
Please rsvp that you are still available for those dates.


Group,

We will be selling or buying length for EES each day going forward for market
price -$5.  ST-Cali will leave us the length (or the short amount) in EES2,
we will then sell (or buy) as much of this energy as we can.  The deals need
to be put in the inc sheet,  EES will get the price -5.  We will then need to
put the mws sold and the price they were sold at (-$5) in a summary sheet.
The summary sheet should then be sent to Neil Bresnan at EES each morning
(just like the EPE model).  The EES summary spread sheet is in
M:/Electric/West/Real-Time/EESFeb01
EES will provide us with a price number they do not want to go below, but
otherwise try to maximize the value of their energy.

In Enpower we will buy from Enron Energy Services (forward) and sell to the
counterparty (forward) under our book. In Caps, do the SC to SC interchange
like normal, then dec or inc EES2 load in SCE1.

If you have questions, please ask me.

Bill


Attached is what I hope is a pretty complete list of the EnronOnline
contracts I have been made aware of.  There are a few I have open questions
about  or am waiting to receive copies of the contract.  Can each of you
please take a look and think about whether there are any others we may be
missing.  Again, my time frame is short here, so if I can get your response
promptly I would be most appreciative.


New Market Opportunity:  Industrial Hourly Sales

I was wondering if it made sense to discuss internal to Enron Government
Affairs the concept of opening the Large Industrial Market to eCommerce.  If
we think this is reasonable, maybe we can make a pitch to the Enron NetWorks.

It is my recollection that the current regulatory rules related to customer
switching and marketer enrollment do not allow large consumers to buy energy
on a less than monthly basis - there is no switching within the month.  LDCs
have historically prohibitied this to make sure that they were "paid" and
energy flows were in "balance".

To me, this regulatory "restriction" makes no sense at all.  First, big
consumers have the capability to buy energy hourly - staff and resources.
Second, big consumers need to be sure that they are getting the absolute
lowest price.  Third, big consumers control the load which if proper price
signals are provided can be used to reduce overall system peaks.  Finally,
the LDC arguments have always been ridiculous - they buy and sell energy
hourly.

To initiate this discussion, I was wondering if Jeff Dasovich and Lisa Yoho
could find out in CA and PA, respectively, if I am correct about the
regulatory "restrictions".  The other question, for Jeff Brown, is whether or
not we could construct a framework for Enron Online that provides for the
purchasing of the large customer full requirements (for example, metering,
data needs, etc.).

Does this make sense to everyone?  If I am way out in left field, let's not
do alot of work.  It just seems to me that we should try to migrate big
consumer load to Enron Online before competitors get into eCommerce.

JDS

---------------------- Forwarded by James D Steffes/HOU/EES on 04/20/2000
07:42 AM ---------------------------

	ENRON

From: Office of the Chairman@ENRON on 04/07/2000 05:46 PM
To: All Enron Worldwide
cc:
Subject: Enron Net Works

It is becoming increasingly clear that the development of eCommerce will have
a significant and continuing impact on the conduct of business in a broad
array of industries.  Through EnronOnLine, Enron has quickly become a major
catalyst for the transition to the web in the gas and electric industries.
EnronOnLine has been an enormous success since its launch.  Since launch, we
have completed 67,043 transactions on line, with a total dollar value of over
$25 billion.  EnronOnLine is now the largest eCommerce site in the world.

We believe that the competitive success of EnronOnLine is due to one very
specific reason.  In addition to providing a web-based platform for
transactions, Enron acts as principal to provide direct liquidity to the
site.  We stand ready at all times, in any market conditions, to buy and sell
at the posted price.  This converts a &bulletin board8 (the more typical
eCommerce concept) into a true market.  There are very few, if any,
competitors that can provide this capability.

We are increasingly convinced that this competitive advantage can be
dramatically expanded to other products and other geographies.  If we are
correct, this could provide an enormous new opportunity for growth for Enron.

Accordingly, we are initiating a major new effort to capture this
opportunity.  Effective today we are creating a new business, Enron Net
Works, to pursue new market development opportunities in eCommerce across a
broad range of industries.  It is likely that this business will ultimately
be our fifth business segment, joining transmission & distribution,
wholesale, retail and broadband services.

Included in this business will be our entire IT and technology group along
with significant talent and resources in market making and finance.
Initially, North America will provide primary direct support for staff
services and back office, however, over time we will be requesting support
services from virtually all Enron units to ensure continued growth and
success.  To facilitate the combining of commercial capabilities with these
new eCommerce platforms, Enron Net Works will work closely with the merchant
functions of North America, Europe, South America, CALME, Asia and Broadband.

Enron Net Works will be headed by Greg Whalley, Chief Executive Officer; Mike
McConnell, Chief Operating Officer; and Jeff McMahon, Chief Commercial
Officer.  These individuals will comprise the Office of the Chairman for
Enron Net Works and remain on the Executive Committee of Enron Corp.
Replacing Greg Whalley as President and Chief Operating Officer of Enron
North America is Dave Delainey, who will also join Enron,s Executive
Committee.

Global Technology will remain intact but will now be a part of Enron Net
Works.  It will maintain all of the same businesses and services as it did as
an Enron global function.  Philippe Bibi will remain the Chief Technology
Officer for all of Enron Corp. and continues to be responsible for the
development of worldwide technology standards and platforms.

EnronOnLine, headed by Louise Kitchen, will also remain intact and will now
be a part of Enron Net Works.  The success of EnronOnLine enables us to
utilize this site as a model as we explore other markets. In addition, the
following individuals are included in Enron Net Works along with their
current eCommerce initiatives: Harry Arora, Public Financial Securities; Jay
Fitzgerald, New Markets Identification; Bruce Garner, Metals; and Greg Piper,
Pulp and Paper.

Over the next several weeks we will complete staffing and organizational
design and will provide full details on this exciting new business
opportunity.


-----Original Message-----
From: Enron Canada General Announcements
Sent: Tuesday, August 07, 2001 12:56 PM
To: DL-GA-Canada_Calgary; DL-GA-Canada_Toronto; DL-GA-Canada_EnronDirect_Toronto; DL-GA-Canada_EnronDirect_Calgary
Subject: New Arrival - Davies Family

 Untitled Attachment

Clare and Derek Davies welcomed the arrival of their second son.

Alex Davies was born Sunday, August 5th at 4:50am, he is  7lb  12oz and 50 cm in length. Everyone is doing well.


If you are looking to feed and challenge your faith, visit
Crosswalk.com's Spiritual Life Channel at:
http://spiritual.crosswalk.com
-----------
N E I L   A N D E R S O N   D A I L Y   D E V O T I O N A L
             from Freedom in Christ Ministries

January 10

IDENTIFYING A CHRISTIAN LEADER

There will also be false teachers among you, who will secretly
introduce destructive heresies, even denying the Master who
bought them, bringing swift destruction upon themselves (2 Peter
2:1).

What comes to mind when you hear the terms false prophets and
false teachers? Many people tend to thing of Eastern mystics and
gurus, the spokespersons for nonbiblical religions or dynamic
cult leaders--people who are recognizably outside the boundaries
of the Christian church. But the apostle Peter devoted an entire
chapter in one of his letters (2 Peter 2) to false prophets and
teachers who operate within the church. False teachers may
operate in our churches disguised as workers of righteousness.

Notice that the lure of false teachers is not primarily their
doctrine: "And many will follow their sensuality, and because of
them the way of the truth will be maligned" (verse 2). What does
Peter mean by "follow their sensuality"? He is talking about
Christians who evaluate a ministry based on the outward
appearance and charm of its leaders. We say, "He's such a nice
guy"; "She's a very charismatic person"; "He's a real dynamic
speaker"; "She's so sweet and sounds so sincere." But is physical
attractiveness or a syrupy personality a biblical criterion for
validating a ministry or a teacher? Of course not! The issue is
always truth and righteousness. A Christian leader should be
identified by his commitment to the truth, his righteous life and
his servant's heart.

Dear God, keep me from playing to the grandstand; I want only to
live for You. Keep me accountable as a person of truth,
righteousness, and love, ever fearful of discrediting Your name.

-----------
This daily devotional is published and distributed by
Crosswalk.com.  It is written by Neil Anderson at
< http://www.ficm.org >.

You can purchase "Daily in Christ" and other titles by Neil Anderson at
christianbook.com (Christian Book Distributors - CBD).
< http://shopping.crosswalk.com/bye/devo_na >

Additional devotionals are available from Crosswalk.com:
< http://devotionals.crosswalk.com >.
-----------
To read the Current Feature Story from ReligionToday,
go to http://religiontoday.crosswalk.com/CurrentFeatureStory/

For today's complete News Summary from ReligionToday,
go to http://religiontoday.crosswalk.com/CurrentNewsSummary/

-----------
For Copyright Terms go to http://www.crosswalk.com/info/copyright

____________________SUBSCRIPTION INFO_______________________

* You subscribed to Neil Anderson as:
         < jeff.king@enron.com >
* To unsubscribe from this newsletter immediately, click here:
         < http://link.crosswalk.com/UM/U.ASP?A3.14.261895 >
  If that link is not clickable, simply copy and paste it into
  your browser window.
* To change your address:  unsubscribe your old address
  and then subscribe your new address.
* To subscribe, send an email to:
  < SUBSCRIBE-neilanderson@lists.crosswalk.com > or go to
  < http://www.crosswalk.com/lists > for a complete list of
  our newsletters.
* Copyright ? 2001 Crosswalk.com, Inc. and its Content
  Providers. All rights reserved.

____________________________________________________________


How about we meet you at the Met.  Lindy and I will be in the 3AC until lunch.  Meet you there at 11:30.
\
Thanks, Kim.

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Thursday, August 09, 2001 10:22 AM
To:	Watson, Kimberly
Subject:	RE: Are we on for Lunch Today

Can we meet downstairs at 11:30 & walk over to the Met.  That will ensure that we are all back at 1:00

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Thursday, August 09, 2001 9:53 AM
To:	Corman, Shelley; Donoho, Lindy
Subject:	RE: Are we on for Lunch Today

You bet!  Can we meet at 11:20 or 11:30?  I would like to be back for a 1:00 pm meeting.  Have you been to Daily Review Cafe lately?  It is just outside of Downtown off of Dallas St.  I would be happy to drive.

Thanks, Kim.

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Thursday, August 09, 2001 9:37 AM
To:	Watson, Kimberly; Donoho, Lindy
Subject:	Are we on for Lunch Today


We need to come up (very quickly) with a strategy on how to get the market
information that will be important for FERC Investigation into the public
arena.

I keep thinking that FERC can require the information and somehow get it made
public right away.

1. What information is not public that would be helpful?

2. What strategy will work to get FERC to take action?

Jim


thats ok but now you owe me a drink


Chris, e-mail didn't pick up your name. You are invited as well.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/30/2000
01:13 PM ---------------------------

David W Delainey
10/30/2000 01:12 PM
To: Janet R Dietrich/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Derek
Davies/CAL/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, Hunter S Shively/HOU/ECT@ECT, Laura
Luce/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Michael L
Miller/NA/Enron@Enron, Thomas A Martin/HOU/ECT@ECT, John
Zufferli/CAL/ECT@ECT, Scott Tholan/Corp/Enron@Enron, W David
Duran/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Max
Yzaguirre/NA/Enron@ENRON, C John Thompson/Corp/Enron@ENRON, Scott
Josey/Corp/Enron@ENRON, Paul Devries/TOR/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Jean Mrha/NA/Enron@Enron, David Oxley/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Beth Perlman/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Wes Colwell/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Bruce
Sukaly/Corp/Enron@Enron, Doug Gilbert-Smith/Corp/Enron@ENRON, Eric
LeDain/CAL/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT,
Rogers Herndon/HOU/ECT@ect, Jeffery Ader/HOU/ECT@ECT, Dana Davis/HOU/ECT@ECT,
Fred Lagrasta/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT
cc: Mark Frevert/NA/Enron@Enron, Kay Chapman/HOU/ECT@ECT, Dorie
Hitchcock/HOU/ECT@ECT
Subject: 2000 ENA Offsite

Guys, attached you will find a preliminary agenda for the 2000 ENA Offsite.
As leaders of the organization, you have been invited to participate in a two
day offsite where business 2001 objectives and strategies for ENA will be
discussed.  It is scheduled to occur December 14th and 15th at the Venetian
in Las Vegas.

This is the forum to ensure that your point of view and ideas can be heard
and incorporated into our plans and iniatives as such I would encourage
everyone to attend and to stay for the entire period.  In particular, we
would like everyone to stay over Friday night and leave Saturday morning.

ENA public relations (Dorie) will manage all the logistics including air fare.

Final invitations, details and agenda will follow shortly.

Regards
Dave and John


Fyi - Mike
---------------------- Forwarded by Michael Terraso/OTS/Enron on 03/14/2000
07:22 AM ---------------------------

"Terry D. Boss" <tboss@INGAA.org> on 03/14/2000 09:56:15 AM
To: "Dave Johnson (E-mail)" <David.L.Johnson@enron.com>, ""Mike Terraso
(E-mail)" <mterras@enron.com>, ""Tilford Vik (E-mail)" <tvik@enron.com>
cc: " "Max Brown (E-mail)" <mbrown@enron.com>,

Subject: As Predicted, the USA Today Article on Pipelines

	03/13/00- Updated 11:56 PM ET

	?

	When pipelines  are time bombs

	2 million miles of them deliver potential catastrophe every  day

	By Patrick McMahon, USA TODAY

	BELLINGHAM, Wash. - Last summer, an underground pipeline ruptured in a  city
park here and sent a torrent of gasoline along a wooded streambed  toward two
10-year-olds playing with a barbecue lighter.

	After the  16-inch pipeline had been hemorrhaging for an hour and 34 minutes,
an  explosion sent a fireball racing through the park. A plume of smoke rose
30,000 feet.

	Authorities say the blast probably was triggered by a  spark from the lighter.

	"There was a spark and the sky turned  orange, the boys both told me
afterward," says Frank King, whose son,  Wade, was one of the boys in the
park. Wade and his friend, Stephen  Tsiorvas, were burned over 90% of their
bodies. They died the next  day.

	Also killed was 18-year-old Liam Wood, who had graduated from  high school
five days before. The college-bound Wood was fly-fishing in  the park when he
was overcome by fumes, fell into the creek and  drowned.

	"To many people, the boys were considered heroes," says  Mark Asmundson, the
mayor of this seaside city north of Seattle. In  sparking the explosion, the
boys kept the most extensive damage confined  to the 241-acre park, he says.
"The river of gasoline was heading right  for the center of the city."

	On Monday, the Senate Commerce  Committee held a one-day hearing here, about
five minutes from where the  incident occurred, on legislation to improve
safety and government  oversight of pipelines and the companies that operate
them. The hearing  included gripping, sometimes tearful, testimony from the
boys' parents as  well as statements from state and federal officials.

	"My baby died  because of inaction. His death was preventable," said
Katherine Dalen,  Stephen's mother.

	More than 2 million miles of iron, steel and  plastic pipes - some as large
as 5 feet in diameter - snake beneath the  earth and deliver oil, gasoline,
natural gas and potential disaster across  America every day. They range from
the trans-Alaskan pipeline to tiny  pipes carrying natural gas to people's
homes. Safer than gasoline trucks  or ocean-going tankers by most measures,
once-remote pipelines are  prompting new worries as sprawling metropolitan
areas grow into their  paths.

	U.S. pipeline accidents have fluctuated in the past 10  years. In the 1990s,
there were 3,917 liquid fuel spills and natural gas  leaks, roughly one a
day. The incidents, most involving local lines  carrying natural gas,
resulted in 201 deaths, 2,826 injuries and $778  million in property damage
from 1990 through 1999.

	There also are  environmental costs. In January, one of the nation's largest
pipeline  companies, Koch Industries of Wichita, Kan., paid a $30 million
civil fine  to settle Environmental Protection Agency water-pollution
charges  involving 300 oil spills from 1990 to 1997. The EPA said Koch failed
to  inspect its pipelines and waited for leaks before making  repairs.

	Liam Wood's mother, Marlene Robinson, is focused on  stronger regulations
nationwide, including more and better inspections,  and regional watchdog
committees.

	"I don't have any children left  to protect," she said in an interview and
repeated at the hearing. "This  didn't have to happen to Liam, and it doesn't
have to happen to other  people's children."

	Although the cause of the Bellingham incident  remains under investigation,
one factor might have been damage to the  pipeline from a backhoe when a
water line was being installed in 1995. But  investigators also have many
questions about the role of Olympic Pipeline  Co., which operates a network
of pipelines along a 299-mile corridor from  north of Bellingham to Portland,
Ore.

	Investigators for the  National Transportation Safety Board (NTSB) want to
know whether Olympic  ignored warning signs and whether it could have acted
more swiftly after  the leak. But the inquiry has been delayed by a parallel
investigation by  the U.S. Attorney's Office. Several Olympic employees have
declined to  testify and have invoked their constitutional rights against
self-incrimination.

	Pipeline owners and government regulators  defend the safety of transporting
two-thirds of the nation's fuels by  pipeline, and they warn that more rules
could boost energy prices. Critics  say pipelines are too loosely regulated,
not fully inspected and, in some  cases, deteriorating.

	The U.S. Transportation Department oversees  pipelines. Its Office of
Pipeline Safety sets standards for design,  operation, maintenance and
emergency response. Richard Felder, who heads  the office, testified at
Monday's hearing. "Our goal is to prevent  incidents like Bellingham from
ever happening again," he said.

	In  an earlier interview, he defended his office's performance and the
industry: "It's a good record. It's the safest form of transporting fuel,
far and away."

	The office has extensive rules on pipeline safety,  including requirements
for signs along the route and programs to alert  potential diggers, but
"there's no such thing as risk elimination," Felder  says. "All you can do is
manage it."

	But the chairman of the  federal government's transportation safety watchdog
agency is unimpressed  with Felder's office and says it deserves a grade of
F. "It's been the  most frustrating area I've had to deal with as chairman,"
says Jim Hall,  NTSB chairman since 1994. He says no agency has a worse
record of  responding to NTSB recommendations.

	In a recent speech, he said  there's no indication that the Office of
Pipeline Safety "is in charge or  that its regulations, its inspections, its
assets, its staffing and its  spirit are adequate to the task."

	Felder takes issue with much of  the criticism, but he endorses calls for
more research into pipeline  safety. He said his office is in the final
stages of preparing new safety  standards for heavily populated and
environmentally sensitive  areas.

	He emphasized that the leading cause of pipeline failure is  "third-party
damage" from road, utility and construction work. The agency  has worked to
enhance a system to alert pipeline companies of digging with  one telephone
call.

	Felder is critical of local authorities who  ignore pipelines when making
decisions on housing and commercial  development. "Local planning has not
kept people away from pipelines," he  says. "It's astounding to me."

	Felder bristles at critics'  suggestions that his agency is a tool of the oil
and gas industry. "I  can't agree with that one iota," he says. "We try to
balance the safety  issue and the economic issue."

	The Senate Commerce Committee will  consider a bipartisan bill sponsored by
Sens. Patty Murray, D-Wash., and  Slade Gorton, R-Wash.; Rep. Jack Metcalf,
the Republican who represents  Bellingham; and Rep. Jay Inslee, a Democrat
whose district includes an  operating section of the pipeline.

	The bill would require periodic  internal inspections of pipelines, boost
federal spending on research,  increase the number of federal pipeline
inspectors nationwide - there now  are 55 - and expand states' regulatory
authority. On Monday, the Office of  Pipeline Safety gave the state of
Washington the temporary right to do  more inspections.

	The Murray-Gorton bill also would require federal  certification of pipeline
workers and expand the public's right to know  about spills and leaks.

	"I was totally shocked and amazed when  this happened," Murray says. "You
always assume that your neighborhood is  safe and somebody has taken care of
this."

	The Bellingham rupture  not only dumped 278,000 gallons of gasoline into this
city of 63,000 near  the Canadian border but also unleashed civic furor at
Olympic Pipeline.  "It's hard for people to get interested in things they
can't see. Out of  sight is out of mind," Mayor Asmundson says. He has
visited the boys'  grieving families and lobbied Congress. The blast "has
dominated my life  since June 10."

	Pipeline operators portray accidents as isolated to  escape national
scrutiny, he says. "The whole focus of the industry is  containment. Do
whatever you have to do locally, but don't stir things up  nationally."

	Last week, Murray released a report she requested from  the Transportation
Department's inspector general. It faults the Office of  Pipeline Safety for
ignoring enhanced safety requirements, including  increased inspections
inside pipes, in highly populated and  environmentally sensitive areas as
Congress required in 1992 and 1996.

	A U.S. General Accounting Office audit of operations is due in  May. Also
pending is a decision from Felder and the pipeline safety office  on whether
to restart the 39-mile section shut down since the Bellingham  accident.
Olympic Pipeline has repaired the line and is eager to reopen  it.

	People living along the route and officials are pushing for  more extensive
testing of the still-operating section of the line south of  Bellingham.
Felder says he has not decided whether it should be shut down.

	Last week, Felder's office ordered a new round of testing along  the entire
line, but critics such as Inslee are not convinced it will be  enough. The
tests must be conducted on the closed section of the pipeline  before a
decision is made on reopening it.

	Contributing: Scott  Hillkirk

Confidential: INGAA Member Use  only

Terry D. Boss
VP Environment Safety and Operations
INGAA
tboss@ingaa.org
?


The agreement is fine.  I'll mail it out.

"Mark Sagel" <msagel@home.com> on 11/27/2000 03:16:15 PM
To: "John Arnold" <jarnold@enron.com>
cc:
Subject: Service Agreement

John:
?
Thanks again for the opportunity to provide my technical  service.? Attached
is an agreement that covers our arrangement.? Let  me know if you have any
questions.? If it's ok, please sign and fax back to  me at (410)308-0441.? I
look forward to working with you.?
?
Mark Sagel
Psytech Analytics
(410)308-0245
 - Agree-Enron.doc


This will be an important meeting for me to attend.  Let me know when this gets scheduled.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/11/2001 06:14 PM ---------------------------

Wade Stubblefield@EES
04/11/2001 06:01 PM
To:	Kevin Hughes/HOU/EES@EES, Wes Colwell/Enron@EnronXGate, Wanda Curry/HOU/EES@EES, Georgeanne Hodges/Enron@EnronXGate, Sally Beck/HOU/ECT@ECT, David Oxley/Enron@EnronXGate, Kalen Pieper/HOU/EES@EES
cc:	Jennifer Bryan/HOU/EES@EES
Subject:	Reorganization Issues

Wes asked me to pull the above group together to discuss the who, and the mechanics of how, people from each of our respective EES groups move over to EWS as part of the reorganization underway.  It would probably be a good idea to bring copies of your most up-to-date org. charts (Wade, Wanda and Kalen).

I will have my assistant, Jennifer Bryan, contact your assistants to schedule a time that fits.  Wes indicated he would like to have this meeting Monday or Tuesday of next week.

If you have any questions, please do not hesistate to call.

Thanks

Wade


That's fine with me.

To: Nora Dobin/Corp/Enron@ENRON, Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Meeting with Mark Taylor

Mark, Nora

If it works for you all lets do it in 2764. Thanks

Harry

Nora Dobin@ENRON
03/21/2000 12:45 AM
To: Harry Arora/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Re: Meeting with Mark Taylor

Tuesday at 11:00 a.m. is fine.  Let me know location.  Thanks, NJD

To: Nora Dobin/Corp/Enron@ENRON
cc:
Subject: Meeting with Mark Taylor

Nora

Mark Taylor has led Enrons' legal end on Enron Online. I want us to meet with
him and benefit from his experience in the e-arena. He is available tomorrow
at 11 am or 4 pm. Both these slots are available on my calendar.  Can you let
me and Mark know if any of these times work for you ?

Thanks

Harry


Hello all:

Please send an email to:  iBuyit@enron.com   stating that you are approver
of invoices as requested in the email below.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 04/17/2001 07:44 AM ---------------------------
From:	ibuyit/ENRON@enronXgate on 04/16/2001 05:20 PM
To:	DL-iBuyIt Payables - all@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=DL-IBUYITPAYABLES-ALL@EX@enronXgate
cc:	John Gill/EU/Enron@Enron, Erin Abdelnour/ENRON@enronXgate, Shelley Robbins/ENRON@enronXgate, Sally McAdams/ENRON@enronXgate, Joe Cuccia/ENRON@enronXgate, Judy Knepshield/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject:

Thank you for identifying yourself as a future iBuyit Payables user!  The iBuyit project team wants to make sure that your receive the information, tools, and support that you need to successfully transition to the new system on May 1st.

iBuyit Payables Training for Houston-based Coders
Overview sessions will be held this week, Monday through Thursday, at the Doubletree hotel, Nautile room, at 9:00 AM and 2:00 PM.  These one-hour sessions will provide you with a demonstration of the system and an opportunity to ask questions about the new system.  No registration is necessary.

Hands-on classroom training will begin next week.  These sessions will provide you with the opportunity to complete real-life exercises in the system.  Please contact the ISC Registrar to register.

iBuyit Payables Training for Field-based Coders
Don't worry!  We have not forgotten about you!  On-line materials will be available beginning next week via the Integrated Solution Center Document Library at <http://sap.enron.com/sap_doclib/user/default.asp>.  Materials will include an overview of the system and step-by-step instructions.  You will receive an e-mail with links to these materials next week.

iBuyit Payables Approvers
We need your help to identify future iBuyit Approvers.  Please encourage the people that approve your invoices to identify themselves as future iBuyit users by sending an email with their name, e-mail address, and whether they code or approve invoices to <<mailto:iBuyit@enron.com>>.  On-line materials for approvers will be available beginning next week via the Integrated Solution Center Document Library at <http://sap.enron.com/sap_doclib/user/default.asp>.  Materials will include an overview of the system and step-by-step instructions.  Identified approvers will receive an e-mail with links to these materials next week.

Questions? Send an e-mail to <<mailto:ibuyit@enron.com>>

<Embedded Picture (Metafile)>


Juan/Don

We continue to have problems accessing the EastPower Website.  The site worked for the first time last Thursday, but now, it seems to be again unaccessable.  We have made several requests to Rika, but never seem to receive a response.  Any assistance you can provide would be appreciated.

thanks
brant

 -----Original Message-----
From: 	Blaine, Jay
Sent:	Sunday, October 28, 2001 6:34 PM
To:	Reves, Brant
Subject:

<http://eastpower.test.corp.enron.com/portal/>


Let's shoot for early next week for lunch.  Talk to you soon.
Ben


56943 TW-NNG Ward-- We need to leave as Bi-directional.  Will Fernandes called back and said they were mistaken and there
                                   are still one 8" orfice run dedicated to flow gas back to TW.  They apologize for the confussion.
Burlington Jackrabbit-- Olivia with Burlington called and the point does no longer exist on their side and will not ever be using it.
                                  Does this mean we can inactivate it on TW?

ds

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Thursday, January 24, 2002 9:08 AM
To:	Trevino, Linda; Schoolcraft, Darrell; Matheson, Maggie
Cc:	Brostad, Karen
Subject:	RE: West Texas Pool

Linda,
Are you OK on the other changes Maggie noted or do we need to get with you?
Thanks Ramona

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Thursday, January 24, 2002 7:38 AM
To:	Schoolcraft, Darrell; Matheson, Maggie
Cc:	Betancourt, Ramona ; Brostad, Karen
Subject:	RE: West Texas Pool

Karen - do you have anything on POI 500168?  It is set up as a delivery only in PLE.

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Thursday, January 24, 2002 7:34 AM
To:	Trevino, Linda; Matheson, Maggie
Cc:	Betancourt, Ramona ; Brostad, Karen
Subject:	RE: West Texas Pool

500168 is a Bi-directional point and physically can flow both ways.  One Oak built a new delivery point with the capacity of 200,000
           and the other point that was a delivery only is still active.  The two I/C's go into different pressures into their system but physically
           located in the same yard.  TW, along with Marketing (Kevin Hyatt) asked to keep the same POI and asked to set this point
           up as a summation meter to make it easier for the customers to nom on both pipes.  Karen was involved in this point.
56943 is only a delivery only and is good for only displacement.
1635 is no longer a bi-directional point according to Will Fernandes on the Monahans team it is a delivery to NNG only.  He will
        send an e:mail.
The Burlington Jackrabbit I/C in San Juan:  That was Burlington's Plant and I/C.  They were the only shippers able to use that
       point.  They are not using that point and they will get back with me and let us know if they want us to keep the point in active
       status.
If any other questions please call

DS

 -----Original Message-----
From: 	Trevino, Linda
Sent:	Thursday, January 24, 2002 7:00 AM
To:	Matheson, Maggie
Cc:	Schoolcraft, Darrell; Betancourt, Ramona ; Brostad, Karen
Subject:	RE: West Texas Pool

POI 1635 is a bi-directional point but physically it only flows one way at this time.  I can change the indicator for TW in PLE, if that is what you are asking.
I'm not sure I understand what you are asking for on POI 56943.  Are you saying this point is valid for displacement and I should add it to the IT and SP displacement groups in PLE?  What does West Texas have to do with it??
POI 500168 is a delivery in PLE, not bi-directional.  If it physically does not flow both ways I can't change the indicator in PLE.  If you are scheduling due to displacement then it should be added to the displacement groups.

 -----Original Message-----
From: 	Matheson, Maggie
Sent:	Wednesday, January 23, 2002 4:49 PM
To:	Trevino, Linda
Cc:	Schoolcraft, Darrell; Betancourt, Ramona
Subject:	West Texas Pool

The following points need updating in PLE

1635 is scheduled as a bi-directional point so we need to label in PLE  as such to be picked up in TMS
56943 should be a displacement point on both IT and SP groups in West Texas
500168 is scheduled as a bi-directional point so we need to label in PLE as such to be picked up in TMS


Beth,

We will agree to this version with the following changes:

"Enron recognizes that, when NEGM is acting as Buyer hereunder, NEGM is
purchasing gas on behalf of certain gas companies (the "Repurchasers") to
whom it immediately resells such gas at the Delivery Point(s).  In addition
to any other circumstances for which NEGM is entitled to claim force majeure
pursuant to this Contarct, Enron agrees that NEGM as Buyer shall be entitled
to claim force majeure if a Repurchaser purchasing gas from NEGM is unable
to take delivery of gas as a result of an event of force majeure at such
Delivery Point)s).  The parties further agree that the term "Transporter"
when used in this Contract, including, but not limited to, in Sections 4.1.
and 11.1, shall include any company acting in the capacity of a transporter
for any Repurchaser and agree that Section 4.3 of the Contract will apply to
invoices from such Transporters for Imbalance Charges received from such
Transporters to the same extent as if such invoices were received
by NEGM, provided that any such Repurchaser scheduled and nominated the same
volumes as Enron and NEGM scheduled and nominated on behalf of such
Repurchaser at the Delivery Point(s)."

Please let me have your thoughts.

Regards,
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 Vince J Kaminski/HOU/ECT on 04/16/2001
03:52 PM ---------------------------

"John D. Martin" <J_Martin@baylor.edu> on 04/16/2001 02:20:46 PM
To: vkamins@enron.com, sgibner@enron.com
cc:
Subject: FYI

"How Much do Firms Hedge with Derivatives?"

      BY:  WAYNE R. GUAY
              University of Pennsylvania
           S.P. KOTHARI
              Massachusetts Institute of Technology

Document:  Available from the SSRN Electronic Paper Collection:
           http://papers.ssrn.com/paper.taf?abstract_id=253036

    Date:  March 2001

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Hi Kate,

Thanks for setting up the telephone informal discussion with Sharad so that I
can make him more comfortable with what's on offer - I really think it will
make the difference.  As you mentioned, the agency fee goes up from 25% to
30% at 50,000, hence the offer of 49,000.  I guess, as you mentioned, we can
keep in reserve the possibility of an element of sign on bonus to get him
over the decision hump.

Regards & Thanks,

Anjam


Here it is.

Lynn
---------------------- Forwarded by Lynn Aven/ENRON_DEVELOPMENT on 03/03/2000
07:16 AM ---------------------------

"Hoffman, Catherine" <HoffmanC@EpEnergy.com> on 09/14/99 02:36:58 PM
To: "'Franck, Vic       tbs via internet'" <vic_franck@tennecotbs.com>,
"'Cleaver, Mark'" <mark.cleaver@trw.com>, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: A new form of Bingo.

>      This is very appropriate game for playing while bored off your nut at
>
>      meetings.
>
>     <<bingo.doc>>

**********************************************************************
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 forward
the message to EMAdmin@epenergy.com
**********************************************************************
 - bingo.doc


Hello
I have a question, should the Counterparty on this trade be Peco Energy?
We have Constellation but bro does not know trade as Constellation

Tom Alonso's name is on bro confirm (Peco) but deal 459243.01 is under Mark
Fischer (COnstellation)

Thanks


I'll give Michelle a call. I assume she will remain as the Enron contact for
NEPCO?

>  -----Original Message-----
> From: 	B-David Lund
> Sent:	Thursday, October 04, 2001 5:57 PM
> To:	B-Mike Indivero
> Cc:	B-Galen Torneby; B-Bob Black; B-John Gillis; 'Cash, Michelle'
> Subject:	RE: lake worth project
>
> Mike,
> I know of no hold up here.  I spoke to Michelle Cash and she had not
> withheld or said different to retaining this counsel.  I would suggest
> that you call Michelle (713-853-6401) anytime you have a concern with
> regard to the progress of any labor and employment matter handled by
> outside or inside counsel.  And if Stubley is concerned about who he would
> like to work with in Florida, he is equally able to call Michelle and
> discuss it.
>
> As for a review of the training on union avoidance by Ogletree Deakins, by
> copy to Michelle, I'll ask for her input here.
>
> I saw the correspondence from Mr. Fitzgerald regarding his meeting with
> the Mayor of Lake Worth.  I interpret this as a public official saying
> what is expected, neither favoring the picketers or us, just saying he
> will up-hold the law.  We appreciate that.
>
> David H. Lund, Jr.
> Assistant General Counsel
> National Energy Production Corporation
> 11831 North Creek Parkway N.
> Bothell, WA 98011
> 425-415-3138
> Fax: 425-415-3032
> David.Lund@nepco.com or davidlu@nepco.com
>
> 		-----Original Message-----
> 		From:	B-Mike Indivero
> 		Sent:	Wednesday, October 03, 2001 2:28 PM
> 		To:	B-David Lund
> 		Cc:	B-Galen Torneby; B-Bob Black; B-John Gillis
> 		Subject:	FW: lake worth project
>
> 		David...fyi...thought this would have been resolved by
> now...does our movement over to egs change the counsel we work with within
> Enron?...hate to see us not have local counsel ready to go if/when
> needed...setting this up is a minimal cost item...( by the way staff
> training for union avoidance and preventing harassment conducted by odnss
> is set up for 11/6)...suggestions/thoughts...let me know...thanks...Mike
>
> 		-----Original Message-----
> 		From: Stubley, Mark [mailto:StubleMM@odnss.com]
> 		Sent: Wednesday, October 03, 2001 12:36 PM
> 		To: 'Mike.Indivero@nepco.com'
> 		Subject: RE: lake worth project
>
>
> 		I forwarded our recommendation for local counsel to Michelle
> Cash. She
> 		indicated that Enron might want to use another firm. In the
> meantime, we
> 		will continue to use Cole Fitzgerald.  On September 24, I
> copied you (as
> 		well as Michelle Cash and David Lund) on Cole's
> correspondence concerning
> 		his meeting with the mayor of Lake Worth. So, his
> connections should prove
> 		helpful.
>
> 		Lund has provided me a copy of NEPCO's subcontract. Our
> review and comments
> 		should be complete by Friday.
>
> 		We conducted the quick, over-the-phone training for the
> management team at
> 		Lake Worth approximately two weeks ago.  We agreed to
> conduct on-site
> 		training when more of the project management team is present
> at the site. No
> 		specific time is scheduled.
>
> 		We have not received a plat for the project. We have not
> determined the gate
> 		setup. We have determined, however, that all construction
> traffic and
> 		deliveries would use the southern gate, not the main gate to
> the facility.
>
>
>
> 		-----Original Message-----
> 		From: Mike.Indivero@nepco.com
> [mailto:Mike.Indivero@nepco.com]
> 		Sent: Wednesday, October 03, 2001 2:17 PM
> 		To: mark.stubley@odnss.com
> 		Cc: Galen.Torneby@nepco.com; Bob.Black@nepco.com;
> 		Gloria.Rivas@nepco.com; Mike.Croall@nepco.com;
> rick.johnson@enron.com
> 		Subject: lake worth project
>
>
> 		mark...where are with possibly of obtaining local counsel
> for the lake worth
> 		project?..have we reviewed the fence/gate issue and come to
> some
> 		conclusions?...also what about the training we discussed?...
> pls let me know
> 		..thanks...mike


It is obviously a very high priority to ensure that BEA do not make the
Agency presentation covering EnronOnline available on their website.

Kevin/Jay: Can you please try to identify the appropriate BEA contact as a
matter of priority this morning?

Richard/Mark: Please advise as to how strong we can be in warning BEA not to
publish the information on their website.

Thanks,

Dave

	From:  Kevin Montagne                           02/24/2000 04:13 AM

To: Richard B Sanders/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Jay
Webb/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Louise Kitchen/LON/ECT@ECT
cc:

Subject: AGENCY.COM Presentation at BEA Users Conference

Here is the information regarding the presentation done by AGENCY.COM.

The BEA Users Conference is being held in San Francisco, CA 2/21-2/24.
The conference has over 2,000 registered users representing many types of
companies.
About the Session and Presentation
On Wednesday, February 23 at 11:00 an hour long session was to open to any
registered conference attendee.
Around 200 (very rough guess) people attended the session.
The session was moderated by Scott Dietzen, CTO BEA Server Division and was
described as
'Web E-Commerce Solutions: Using Best of Breed Technologies'.
The session included 4 panel members from Calico Commerce (an ISV), Idea
Integration
(an integrator), Cygent (an ISV) and AGENCY.COM.
Each of the 4 panel members gave a 12 minute presentation then the session
was turned over
for general questions and answers.
Joe Tatem of AGENCY.COM went last and spoke about the web development
marketplace: where
it was and where it needed to head.
Like the other panel members he described his company and gave a little sales
pitch for
BEA Weblogic.
Tatem then presented a case study as an example of some of their work.
This example was of AGENCY.COM's work for Enron on EnronOnline.
His case study consisted of 2 slides.
The first slide had screen images of EnronOnline: one was the EnronOnline
home page and the
second was the quotes page populated with some products.
The quotes page was 'overlayed' on the home page and obscured the EnronOnline
banner on the
bottom so that only the 'ne' at the end showed.
The Enron logo (the counter-clockwise 45-degree logo was clearly visible.
He talked about it being a Trading Extranet site but said he could not name
the customer.
He described that real time prices for products were being displayed to
customers.
He then showed the next slide which gave a high level overview of the
application
architecture for EnronOnline.
This slide contains details about real time server (RTServer) and its
associated
application server (including the RMI communication mechanism).
He made a comment about how they were particularly proud of the real time
piece and how it
was designed and how it worked.
This slide also contained a reference to the fact EnronOnline uses Oracle 8i.
He also mentioned Jesica as the content management piece and indicated that
they were
looking at other 3rd party products to replace that in their future projects.
This slide also contains a reference to StackManager and he indicated that it
was developed
by the unamed client and not by AGENCY.COM.
He also talked about ShockWave plugin being used in the browser to receive
the
real time quotes.
Only one question was asked from the audience during his showing of the
technical
architecture slide.
This question (paraphrased) was: When you use RMI between the web server and
the
app server how many connections do you use.
He replied (paraphrased): one per thread.
The questioner then asked something else that I assumed was a technical
detail about how
WebLogic RMI worked.
Tatem replied incorrectly and a BEA employee responded with the right answer.
About the Handouts of the Presentation
BEA tried to make available hard copies of all presentation slides in each
session.
They setup a series of shelves that were numbered for each session.
The documents were available starting Monday during the registration process
and
throughout the conference.
On Monday evening I went to pick up hard copies of the sessions for which I
was interested.
About a third of the handouts for the sessions were not available.
I did not notice whether the one for above mentioned presentation was
available. (I did
not expect it to one of the more interested ones.)
During some of the sessions BEA handed out copies to those present.
I did not see any handed out during the above mentioned session.
After the session was over I called Jay Webb and told him of the above
details.
After telling Jay I saw Scott Dietzen from BEA in the hallway. (I had met him
twice before.)
I told Dietzen that the presentation that AGENCY.COM did in his panel was
about Enron.
(We had already discussed the project with Dietzen when he visited our
Houston office.)
I told him that AGENCY.COM was not supposed to reveal any information
concerning the
project.
At this time I did not know that hard copies of the presentation were
available. I told
Dietzen that if they did become available that the portion about EnronOnline
should not
be distributed.
Dietzen said he was not aware of the problem with discussing the project. He
apologized
and said he would not distribute any handouts if he received them.
Sometime later on Wednesday I went to the rack of presentation handouts and
there was
one available for the above mentioned session.
I do not know how long they were available (and I don't think Dietzen did
either).
There were only 2 or 3 copies left and I took all of them. (BEA usually put
out many
copies in the rack so I don't know how many were actually picked up.)
The hard copies are PowerPoint printouts that include room for notes so the
slides are
very small making it difficult to read.
When the slides were shown on the screen during the session they were very
clear.

Also, during some of the sessions (not the one where AGENCY.COM presented) I
attended
there was some question about the availability of the handouts and someone
from BEA would
answer something about the web.
I assumed that at some point in the near future they might be making copies
of the
presentations available on the BEA web site.
I will try to confirm this tomorrow (Thursday).
I checked the web site a few minutes ago and the presentations are not there.

I will followup with any more details if I remember something else or if
there are any
further developments.

Thanks,
Kevin Montagne
Voice: 713-853-1903
Cell:  281-703-5779
Pager: 800-893-4390


Steve,

No problem. Please, call EPRM and register as my guest.

Vince

Steven Leppard
05/18/2000 07:26 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: EPRM conference

Vince

During my proposed visit to Houston (21st Aug - 15th Sep), I note you're
speaking at EPRM's Financial Mathematics course.  Any chance of my tagging
along?  I want to use my Houston visit to get some exposure to derivatives
pricing, and this seems like a useful course.

Cheers,
Steve


ATTENTION N.A. NATURAL GAS INDEX SUBSCRIBERS

Commencing January 1, 2002, the ICE Daily Index will be distributed at 13:30 EST. Also, the following trading hubs will be added to the existing 27 pricing points:

1.	ANR-SW
2.	Consumers
3.	NGPL-TXOK East
4.	Panhandle
5.	TGP-Z0
6.	Union Gas-Dawn
7.	Station 2

Additional hubs will be included once trading volumes reach critical mass as determined by a 90 day standard deviation analysis conducted by ICE.

For further information contact:

Bud Hum at 312.674.4915 or
Joe Adevai at 646.792.2620

IntercontinentalExchange
HELPDESK 770.738.2101


We do not have a demand fee for the Feb 2001 Tenaska IV sale, deal 384258.
Can you please put this in so I can bill?  From your spreadsheet, it looks
like it needs to be $2,291,888.83, but you can verify.  I subtracted the
agency fee from the Tenaska IV receipt number, since we already have that
booked.

Megan


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


Jesse told me to email you this.  It is the Cal ISO private web site
https://iso_si/iso/


Are you the same Jeff Shankman that went to GUCI?  Let me know.  Jennifer

****************************************************************
*      This message was sent directly from ClassMates.com      *
*            We're finding old friends on the Net!             *
*                  http://www.classmates.com/                  *
****************************************************************


Skip out on Student Loans 101
with EFCU...
and you could be skipping out on easy money.

Learn the best way to apply for loans & grants,
how to get the most money,
and tips on university requirements at our

Student Loan Workshop

Tuesday, February 12
12:00 - 1:00 p.m.
Doubletree Post Oak, Forum Room
2001 Post Oak Blvd.

Complimentary parking is available
in the garage adjacent to the hotel.

RSVP to joy.wagman@enron.com.

<Embedded Picture (Metafile)>


Chris, I don't believe that this is real. Sounds like a CES system mistake.
Let
us know what you find Scott. Thanks.

cgerman@ect.enron.com on 01/12/2000 07:27:18 PM
Please respond to cgerman@ect.enron.com

To: Noel Bartlo/CES/ColumbiaGas@COLUMBIAGAS, Paul Drexelius
[NOTES.pdrexel]@LMSOV
cc: csulliv@ect.enron.com, jtownse@ect.enron.com,
sgoodel@columbiaenergygroup.com
Subject: Equitrans

I have very little info on this deal.  Who pays for the FT on Equitrans?
Contract 270, volume=1,000/day, start date = 7/1/97, max demand, all receipts
and all deliveries, AND the end date is 10/31/2099 (looks suspicious to me).
Scott is trying to find the term of this deal from Equitrans.  I believe
Equitrans did say this is a capacity release deal.

Scott, I'm going to list this as a wholesale deal for now.  It was not on my
wholesale transport worksheet from Mark Breese.  Please email everyone with
the
end date when you find out.  Also, please find out who the releasing shipper
is
and the primary receipt and delivery points.

Thanks


How about drinks at 5:30 on Thursday.   I try not to interrupt work with
personal business.

"Gapinski, Michael" <michael.gapinski@painewebber.com> on 02/25/2001 03:13:29
PM
To: "'John.Arnold@enron.com'" <John.Arnold@enron.com>
cc:
Subject: RE: Buying back calls

John -

I completely understand your point of view.  PaineWebber knows affluent
investors such as yourself want access to alternative investments such as
private equity and hedge funds.  Our group has also found that high net
worth individuals prefer a consultative relationship where we help you
structure a complete asset allocation based on your objectives.  We then
provide you with access to, and help you select, third-party institutional
money managers to make the day-to-day investment decisions.  We also provide
the ongoing performance monitoring of those managers, including correlations
to the appropriate indices.

I believe you will find our approach to be appreciably different from your
previous contacts with financial advisors, where you have felt the advisor
was 'pushing' a house fund or stock du jour.  If your schedule permits, I
would like to meet with you on Thursday afternoon to discuss this in more
detail.  How does 4 PM sound?

- Mike

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Saturday, February 24, 2001 10:41 AM
To: michael.gapinski@painewebber.com
Subject: RE: Buying back calls

Michael:
Thanks for putting the paperwork together.

I would have interest in meeting if you can present unique investment
opportunities that I don't have access to now.  Most of my contact with
financial advisors in the past has consisted of them suggesting a mutual
fund, telling me to invest in Home Depot, Sun, and Coke, or trying to pass
off their banks' biased research reports as something valuable.  The above
services provide no value to me personally.  If you can present
opportunities such as access to private equity or hedge funds, or other
ideas with strong growth potential and low correlation to the S@P, I'd
listen.

John

"Michael Gapinski" <michael.gapinski@painewebber.com> on 02/21/2001
08:23:04 AM

To:   "'John.Arnold@enron.com'" <John.Arnold@enron.com>
cc:   "'Rafael Herrera'" <rafael.herrera@painewebber.com>
Subject:  RE: Buying back calls

John -

We'll get the paperwork together and sent to you for naked options.  At
some point, I'd like to talk about the diversification strategy in more
detail -- perhaps over dinner or a quick meeting after the markets close?

Michael Gapinski
Account Vice President
Emery Financial Group
PaineWebber, Inc.
713-654-0365
800-553-3119 x365
Fax: 713-654-1281
Cell: 281-435-0295

-----Original Message-----
From:     John.Arnold@enron.com [SMTP:John.Arnold@enron.com]
Sent:     Tuesday, February 20, 2001 10:14 PM
To:  michael.gapinski@painewebber.com
Subject:  Re: Buying back calls

Michael:
Appreciate the idea.  However, with my natural long, I'm not looking to
really trade around the position.  I believe ENE will continue to be range
bound, but in case it is not, I don't want to forgo 50% of my option
premium.
I have price targets of where I would like to lighten up exposure to ENE
and will use calls to implement the stategy.  To that regards, I noticed I
was not approved to sell naked calls.  I would like that ability in order
to hedge some exposure I have of unexercised vested options.  Please look
into that for me.
John.

"Michael Gapinski" <michael.gapinski@painewebber.com> on 02/20/2001
06:28:27 PM

To:   "'Arnold, John'" <john.arnold@enron.com>
cc:
Subject:  Buying back calls

John -

I was looking at the recent pullback in ENE and thinking it might be an
opportunity to buy back the calls you sold.  Of course, you would then be
in a position to sell calls again if the stock makes a bounce.  I'm not
sure that ENE @ 75 is the place, but maybe @ 73.  Call me if you're
interested.

Michael Gapinski
Account Vice President
Emery Financial Group
PaineWebber, Inc.
713-654-0365
800-553-3119 x365
Fax: 713-654-1281
Cell: 281-435-0295

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.


This afternoon I met with Kurt Lindahl and Jody Crook (Global Energy Markets)
concerning a proposal to bring LNG into California.

The project consists of converting an oil tanker into a floating vaporization
facility, anchoring it off the coast of California and constructing a subsea
pipeline to bring the gas onshore.  The facility would have a daily unloading
rate of 500,000 mmbtu/d.  Approximately 172,000 mmbtu/d would go directly to
market, with the remainder being injected into utility storage facilities for
ultimate withdrawal prior to arrival of a new shipment of LNG.  The goal is
to baseload a market of 172,000 mmbtu/d.

The project would have a start-up date in early 2003.  While other proposals
are being considered to bring LNG into California, the Enron proposal is
unique in that it is considering onshore gas storage vs offshore LNG
storage.  Retrofitting the oil tanker takes approximately 18 months.
Constructing an offshore LNG storage facility would take 3 years -  providing
Enron a competitive advantage with respect to timing.   To protect this
competitive advantage during the development stage of the project, it has
been requested that this particular aspect  be kept confidential as long as
possible.

Kurt and Jody have meetings scheduled next week in California with at least
two utilities to discuss operational and tariff considerations associated
with the utilities' providing storage service.  I am providing analysis of
SoCalGas's storage tariff and have been requested to review  ts reflection in
the economic modeling of the project.  Other regulatory support I assume
would be required with respect to FERC and or CPUC authorizations.

Jeff, is this something that can be woven into the overall California
Solutions proposal, and, how would this fit into the discussions currently
ongoing with respect to adequacy of the California gas delivery
infrastucture.  As this proposal would deliver gas closer to market (as
oppossed to gas coming from the west) some savings in term of capital and
fuel could be realized.

Kurt has offered to provide a more detailed briefing of the proposal at our
request.


FOR IMMEDIATE RELEASE

PROS Energy Profit Optimization Workshop

October 30, 2001-Houston- PROS Revenue Management, the world's leader in pricing and revenue optimization science and software, and the pioneer and dominant provider of revenue management to the airline and energy industries, today announced that its Energy Profit Optimization Workshop, being held November 5 at PROS' offices in Houston, TX, will afford attendees the opportunity to learn revenue management best practices and implementation experiences from industry leaders.

PROS industry experts will offer interactive workshops on the robust solutions available to the energy industry in the realm of revenue management.

* Storage Optimization System - offering a 7-28% revenue lift, provides pipelines and storage marketers and traders with the ability to work real time and optimally manage storage assets, analyze the value of storage, and then maximize revenue from the sale of storage services and contracts.

* PROS Pipeline Capacity and Pricing Optimization System - offering an 8-14% revenue left, allows natural gas pipelines to optimize the capacity allocation of incoming bids, taking into account the economic interaction between all transportation service opportunities across the entire pipeline network, and then maximize revenue from the sale of transportation capacity

* PROS Trading & Scheduling Optimization System - offering a 10-15% revenue lift, generates the optimal routing of supply to market given all pipeline contact constraints, gas purchase and sale obligations, and trading opportunities.  A process which typically takes hours is now optimized in seconds.

"Until recently, the energy industry has not had the opportunity to enjoy the benefits of pricing optimization and revenue management.  We're about to change that for the energy leaders," says Matt Johnson, senior vice president of PROS' energy group.  "In our experience, giving hands-on demonstrations and workshops of our products shows our message of how our solutions can revolutionize your company by incrementally increasing your revenue and profits."

This workshop is free of charge.  Join us to hear from your energy colleagues the amazing functionality and associated benefits available through these product applications.  Network with industry leaders at various levels of their organizations to understand best practices within your business arena. For more information, please check PROS' Web site at http://www.prosrm.com/energy/workshop.htm.

PROS Revenue Management is the world's leader in pricing and revenue optimization solutions and the pioneer and dominant provider of revenue management to the airline and energy industry. PROS provides system solutions to the airline, energy, cargo, rail, healthcare, and broadcast industries, and has licensed over 235 systems to more than 95 clients in 39 countries. PROS' clients include 15 of the top 25 carriers in the airline industry.

The PROS mission is to maximize the revenue of each client using PROS' world-leading revenue management science, systems solutions, and best practices business consulting. PROS' clients report annual incremental revenue increases of 6-8% as a result of revenue management. PROS' solutions forecast demand, optimize inventory, and provide dynamic pricing to maximize revenue.

Founded in 1985 in Houston, PROS Revenue Management has a six-year compounded revenue growth of 40%, in large part due to the intellectual capital of its staff. Nearly half of PROS' professional staff has advanced degrees and the staff speaks a cumulative total of 26 languages. The company is profitable with Year 2000 revenue of $29 million. For more information on PROS Revenue Management, please visit www.prosRM.com or call 713-335-5151.

Please note that although the PROS 9th Annual Conference has been postponed, this has not affected the PROS Energy Profit Optimization Workshop which will occur as planned on Monday, November 5, 2001.  We look forward to your attendance.

Contact:
Candy Haase - VP Marketing
713-335-5151 / 713-335-8144 - fax
3100 Main Street, Suite 900
Houston, TX 77002 USA
info@prosRM.com / www.prosRM.com


Okay, I've got authorization for 1 user application.  Please list it in the name of Kevin Hyatt and it should be billed against 0366/112458.  Thanks very much, Paula.

-----Original Message-----
From: Corey, Paula
Sent: Tuesday, February 26, 2002 3:32 PM
To: Wadle, Susan
Subject: RE: RDI access

Susan -

The cost (pending) is $500.00 per user per application and could be higher pending the response from all the users.

Paula -

-----Original Message-----
From: Wadle, Susan
Sent: Tuesday, February 26, 2002 3:01 PM
To: Corey, Paula
Subject: RDI access

Paula, I was not listed on your memo re RDI and I have had access since June.  Kevin Hyatt and I work together using this software and in deciding whether to get 1 or 2 accesses, we need to know the price.  Could you let me know that so I can approach our VP about this.

Hope all is going great for you.

Susan


Kate,

Never Mind I found my problem.

Les


fyi - list of all open items...top 3, are -if you will- "outside" of ETS acctg control.

-----Original Message-----
From: heather.l.mueck@us.andersen.com
[mailto:heather.l.mueck@us.andersen.com]
Sent: Sunday, November 04, 2001 3:47 PM
To: Saunders, James; Chandler, Bob
Subject: Outstanding list

I thought since you called about this, I'd send you the list.

(See attached file: Outstanding List 11.04.01.doc)
*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If
you are not the addressee indicated in this message (or responsible for
delivery of the message to such person), you may not copy or deliver this
message to anyone. In such case, you should destroy this message and kindly
notify the sender by reply email. Please advise immediately if you or your
employer do not consent to Internet email for messages of this kind.
Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.


Cheryl:

Attached are Welch's comments.

As you already know, Jennifer is doing the 2-month deal (but no others until
the ISDA is inked).  We do have to investigate the coop issue under Michigan
law.  Both the swap CP and the parent have the word "cooperative" in their
names.  Please see Lotus Notes.  You should send an immediate email to the
department to see if anyone has used Michigan counsel (I saw a single
reference in the Jurisdictional Database).  We may be able to obtain an
opinion from McDermott or even Welch's inhouse counsel.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/24/2001 03:42 PM -----

	dkoya@mwe.com
	05/24/2001 01:29 PM

		 To: sara.shackleton@enron.com
		 cc: tbockhorst@welchs.com, gbenson@mwe.com
		 Subject: Welch's / Enron - Markup of schedule and paragraph 13

Sara,

Attached are Welch's comments to the schedule and paragraph 13 proposed by
Enron.  I look forward to discussing the terms of these documents at your
earliest convenience.   The form of the Letter of Credit and the guaranty are
still under review by Welch's and MWE.

Thanks,

Devi S. Koya
McDermott, Will & Emery
227 West Monroe
Chicago, IL 60606
Ph: 312-984-2133
Fax: 312-984-7700

(See attached file: CHI99_3716524_1.DOC)

(See attached file: CHI99_3719227_1.DOC)

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/

 - CHI99_3716524_1.DOC
 - CHI99_3719227_1.DOC


Kay,

The enovate appointment looks fine, but I made minor changes to the signature
block if that is okay.

The enovate appointment looks fine if Janet can still sign as Managing
Director of ENA.

Kay Mann
02/12/2001 12:47 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: enovate appointments

Hi.

This is one of my top priorities.  I think it looks fine.  What do you think?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 12:45
PM ---------------------------

Kay Mann
01/30/2001 12:04 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: enovate appointments

Let's discuss.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/30/2001 12:04
PM ---------------------------
From: Gregg Penman on 01/26/2001 01:16 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate appointments

Kay - have you had any chance to give this some thought?  We are about to
take some actions that require Board approval so I would like to get this
finalized. Let me know.  Also, I am trying to get back on the Intercompany
loan stuff.  I am going to be in Houston next week and have Wednesday pretty
open.  Are you going to be in town?  If so, maybe we could get together for
half hour or so to go over the loan stuff.

Thanks - Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 01/26/2001 01:14 PM -----

	Gregg Penman
	01/17/2001 08:41 AM

		 To: Kay Mann/Corp/Enron@Enron
		 cc:
		 Subject: enovate appointments

It looks like your memory serves you well.  Section 6.8.2 allows the Managing
Member to designate officers of enovate.  I revised the original appointment
declaration you prepared to reflect Laura as VP.  Take a look at it and let
me know if it works.  If so, I will probably ask you to have Janet execute it
at your convenience.

Thanks - Gregg


As many of you know, The University of Texas has its most significant
fundraising effort underway.  As a part of that effort, the Red McCombs
School of Business is trying to raise $130 million which will help it to
achieve its goal to become the next great business school in the world.
Obviously, the Red McCombs gift of $50 million (the largest ever contributed
to the University) is a big part of that effort.  However, much more is
needed and will only be achieved through participation by a significant
number of alumni and friends of the University.

On Tuesday, February 6th at 2 pm, Dean Bob May of the McCombs School will be
at the Enron Building to meet with us about the School's plans and how we can
participate.  I am organizing this meeting for Bob and inviting all Enron
officers that are UT alumni.  This should be a very informal meeting with
relatively few attendees (hopefully around 25 people).  It will give you a
chance to get to know Bob, what is going on at the Business School and how
you can participate. Make no mistake.  We hope the result is that you decide
to support the effort.  There is a unique opportunity to participate at this
time because, in addition to matching funds from Enron, the McCombs gift
provides for additional matching funds for contributions of a certain level.
I have found that this matching provides a real opportunity to make endowment
level gifts.

Enron and the McCombs School have a great partnership.  The company has made
a significant commitment to the school's programs, we have a very significant
presence on campus through our activities and support from administration and
faculty, and we have enjoyed great success recruiting for a number of years.
However, Enron has never successfully organized its alumni giving in a way
which would allow for even greater Enron support and presence while
optimizing each individual's contribution.  I am hopeful that as a group of
Enron officers, we can set the example of coordinated giving.

Please plan to attend the meeting.  It will be held in the Board Room on 50,
last about an hour and refreshments will be served.  Please let me or Sharron
Westbrook (extension 37094)  know if you can attend.  Thanks.


Content-Transfer-Encoding: quoted-printable
Date: Tue, 08 May 2001 08:52:01 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Justin Long" <jlong@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>
Cc: "Deanna King" <dking@bracepatt.com>, "Dan Watkiss"
<dwatkiss@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: Calif State Senate Passes Windfall Profits Tax Bill
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

FYI

Calif State Senate Passes Windfall Profits Tax Bill
Monday, May 07, 2001 08:48 PM ET

LOS ANGELES -(Dow Jones)- The California state Senate passed a measure Monday
that would place a windfall-profits tax on sales of electricity into the
state's wholesale electricity market.

The bill, SB1X, sponsored by state Sen. Nell Soto, D-Ontario, passed the
Senate by a vote of 25-12. The legislation will now be sent to the Assembly.

The legislation would require state regulators to set a base price for
wholesale electricity sold in California and generators would be taxed at
100% above the base price for power sales that exceed that amount, according
to the legislation.

(This story was originally published by Dow Jones Newswires)

Copyright (c) 2001 Dow Jones & Company, Inc.

All Rights Reserved