---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2001
06:11 PM ---------------------------

"RiskNews Update" <listadmin@riskwaters.com> on 03/30/2001 12:03:40 PM
To: List Member <vkamins@enron.com>
cc:
Subject: - latest RiskNews Update - 30/03/2001

RiskNews Update - http://www.RiskNews.net

RiskNews Update - http://www.risknews.net/
==================================================================
RiskNews Update ) week ending 30/03/2001
http://www.risknews.net
News for derivatives and risk management professionals
===================================================================

Dear Subscriber,

Welcome to RiskNews Update!

Top news this week included early findings by credit ratings agency
Standard & Poor,s that internationally active banks may find it is cheaper
to use the standardised risk management approach to capital management
rather than the internal ratings based (IRB) system. Early findings that
IRB, as laid out in the Basel Committee's new capital Accord proposals,
may cost banks more in terms of capital appears contrary to the +spirit,
of the de facto international banking regulator,s proposals. Next week,
RiskNews will print exclusive coverage of the International Swaps and
Derivatives Association,s (Isda,s) response to Basel as part of our
extensive coverage of Isda,s 16th Annual General Meeting in Washington.

With consolidation seeming imminent for the plethora of electronic trading
platform providers, electronic derivatives trading platform Blackbird,s
chief executive Andy Baxter admitted having difficulties encouraging
dealers to move away from phone broking. In a separate development, JP
Morgan Chase selected multi-bank FX trading portal Atriax as its
electronic portal ) a move seen by industry observers as a blow to rival
portal FXall, which was strongly backed by the pre-merger JP Morgan.

Meanwhile, Citigroup,s top FX salesman Martin Dyer pans to take +time-out,
from his post after 20 years, clearing the way for Lars Olesen to be
appointed global FX sales manager of Citibank Foreign Exchange in London.

Christopher Jeffery
Editor, RiskNews

Tel: 44 (0)20 7484 9880
E-mail:cjeffery@riskwaters.com

PS: RiskNews will send out an additional +special bulletin, next week to
alert subscribers to our coverage of Isda 16th Annual General Meeting in
Washington. We hope you enjoy this additional service.

------------------------------------------------------------------------------
----------------------------------
Risk 2001 Europe, Paris, April 10 & 11 2001
Risk Magazine,s 6th European Derivatives and Risk Management Congress
Only one week left to take advantage of our EXCLUSIVE offer for
subscribers to the RiskNews Update: 10% discount for booking through the
link below
https://secure.riskpublications.com/secure/conferences/risk2001europe/risk2001
europe_risknews.htm
------------------------------------------------------------------------------
----------------------------------

RiskNews Update - 30/03/01

Headlines/Technology and Exchanges/People/Events

===================================================================
Headlines ) 30/03/2001
===================================================================

30 March - The Bank for International Settlements plans to establish an
Americas representative office in Mexico City by the end of this year

30 March - Dresdner Kleinwort Wasserstein, the investment banking arm of
Dresdner Bank that is currently in takeover talks with German insurer
Allianz, has opened an office in Taiwan to extend its reach in Asia
brokerage business

29 March - Dominant US secondary mortgage-market institutions Fannie Mae
and Freddie Mac have issued their first quarterly credit risk sensitivity
reports, following last year's pledge to improve information disclosure

29 March - Internationally active banks may find it is cheaper to use the
standardised risk management approach to capital management as laid out in
the Basel Committee's new capital Accord proposals than to develop their
own sophisticated internal ratings based systems

27 March - ING Barings' equity derivatives service is open for "business
as normal" following the loss of six of its team to German rival Dresdner
Kleinwort Wasserstein, the investment banking arm of Germany's Dresdner
Bank, according to an ING Barings spokesperson

26 March - The London International Financial Futures and Options Exchange
and US electronic stock market Nasdaq are to form a joint venture to trade
single-stock futures

26 March - JP Morgan Chase has selected multi-bank FX trading portal
Atriax as its electronic portal, in a move described by industry observers
as a blow to rival portal FXall, which was strongly backed by the
pre-merger JP Morgan

To read more now, click http://www.risknews.net

*******************************************************************
Book NOW for the Energy & Power Risk Management 2001 event in Houston, 14
& 15 May 2001:
http://www.eprm-conferences.com/eprm2001us/?caller=Risknew_update

===================================================================
Technology and Exchanges ) 30/03/2001
===================================================================

30 March - Trading on the international derivatives exchange Eurex can now
take place via a number of access methods including the internet, the
Swiss-German exchange has unveiled

30 March - Singapore Exchange (SGX) has launched an open interface
technology called SGXAccess, which enables SGX Securities Trading member
firms to trade in Singapore's securities market outside the country, using
their own trading terminals

28 March - Ubitrade plans to link up with Fermat, the risk management
solution vendor, to help distribute and support its product range in
several European countries and Israel

28 March - Singapore Exchange IT Solutions, DBS Securities and OCBC
Securities have completed an agreement to form a joint venture company
that will provide outsourcing services to the securities industry

27 March - Electronic derivatives trading platform Blackbird has admitted
to having difficulties encouraging dealers to move away from phone broking

27 March - Icor Brokerage has joined the race for a share of the online
forex options broking market. The firm said it would launch an e-broking
system for forex options in the second quarter of the year

27 March - Electronic trading systems software provider patsystems has
formed a partnership with Pronet Analytics, the financial application
service provider

26 March - British financial group Halifax has selected SunGard's BancWare
asset and liability management system to manage group-wide interest rate
risk

26 March - New York-based derivatives service provider Cygnifi has
completed a collateral consulting project for the New York branch of
Bayerische Hypo-und Vereinsbank

26 March - New York-based software provider Fame has formed an alliance
with California's Financial Engineering Associates to create a new product
combining quantitative risk analytics with market data

To read more now, click http://www.risknews.net

*******************************************************************
You must act now to benefit from our LIMITED SUBSCRIPTION OFFER for
Telecoms Capacity, the most recent magazine from Risk Waters Group.
Subscribe before 30 April and save 25% off the regular price. Selected
features from the launch issue and a FREE sample issue offer are both
available at http://www.telecomscapacity.com

===================================================================
People ) 30/03/2001
===================================================================

30 March - International rating agency Fitch has appointed former Mellon
and GE Capital employee Martin Donner as senior director of its loans
products group

29 March - Bear Stearns International has hired Emmanuel Pezier from HSBC,
to head its equity-linked origination and execution of convertible and
exchangeable bonds with institutional clients

29 March - Citigroup has appointed Lars Olesen as global FX sales manager
of Citibank Foreign Exchange in London. He will succeed Martin Dyer, who
is planning to take time-out to consider his options with the bank after a
Citibank career spanning more than 20 years in foreign exchange sales

29 March - Otto N,geli, deputy chief executive officer of Eurex, has left
the international derivatives exchange

28 March - Dresdner Kleinwort Wasserstein has hired Mehraj Mattoo as a
director in the alternative investments section of its equities group -
the fourth appointment of former BNP Paribas staff to the division in the
past three months

26 March - Abbey National, the UK mortgage bank currently the subject of a
takeover by Lloyds TSB, has appointed Steven Oon as director of market
risks at its Treasury Services unit

26 March - Barclays Capital, the investment banking arm of the UK's
Barclays Bank, has significantly increased its energy products team at the
New York Mercantile Exchange

26 March - David Puth, managing director and head of sales, trading and
research for JP Morgan Chase's rate markets business in North America, has
been named the new chairman of The Federal Reserve Bank of New York's
Foreign Exchange Committee

To read more now, click http://www.risknews.net

********************************************************************
The latest issue of Asia Risk magazine is dedicated to Japan, with a
special report, JapanRisk, published with Asia Risk and Risk. The complete
contents of JapanRisk are available online on the AsiaRisk website.

Subscribe to both Risk (12 issues) and AsiaRisk (6 bimonthly and 2 special
issues) and save US$95/o60 off the regular price. Visit
http://www.asiarisk.com.hk for more details.

==================================================================
Events - 30/03/2001
===================================================================

BEATING THE BASEL REFORM - find out how at Risk 2001 Europe, Paris, 10-11
April, Risk Magazine,s 6th annual European Risk Management congress.
http://www.risk-conferences.com/risk2001euro
Only a handful of the biggest banks are prepared for the full impact of
setting aside operational risk capital when the new Basel Capital Accord
comes into effect in the next few weeks. If you are not one of them, you
should attend Risk 2001 Europe.

Risk 2001 Europe offers:
o The best speaker line up - hear keynote addresses by Bob Litzenberger,
Goldman Sachs & Andrew W. Lo, Massachusetts Institute of Technology.

o Premier social & networking events - attend the risk awards ceremony
held at the congress dinner in the two Michelin star Le Pr, Catelan
Restaurant and network at the cocktail reception

o Latest products & services  - Visit the exhibition with over 20
exhibitors

o Leading event partners

o Flexible programme - choose the sessions or seminars of interest to you

o PLUS get a year,s complimentary subscription to Risk magazine (worth
o465).

Subscribers to this RiskNews Update will receive a 10% discount. To
register NOW click on the link below:
https://secure.riskpublications.com/secure/conferences/risk2001europe/risk2001
europe_risknews.html

Call for Papers
Risk 2001 Australia, AsiaRisk 2001 and Japan Risk 2001 are currently being
researched and produced. If you have a paper you would like to submit for
consideration for inclusion in the conference programme please contact
Frances Tully on +44 (0)20 7484 9731 or by email at ftully@riskwaters.com
For further information on these events visit www.risk-conferences.com

Other conferences and courses coming soon:

 Advanced Mathematics for Pricing and Hedging Credit Derivatives,
New York 23 & 24 April 2001 ) London 26 & 27 April 2001
 Interest Rate Modelling Calibration and Implementation
Techniques, London 24 & 25 May 2001 ) New York 31 May & 1 June 2001
 A/LM 2001 ) Risk Magazine,s 5th annual Conference ) New York 21 &
22 June 2001
 Risk 2001 USA ) Risk magazine,s 7th annual US derivatives and
risk management congress, Boston 12 & 13 June 2001.

For further information contact: www.risk-conferences.com  or
www.risktraining.com

______________________________________________________________________
To unsubscribe, write to financewise-unsubscribe@listbot.com


Lisa,

This article's pretty good and it does mention India in some context, so I thought you might be interested.  The India comment is several paragraphs in to the article.

http://www.msnbc.com/news/639344.asp?pne=msn

Sue


Fletch

Make sure they also set up the fixed price vs. daily term swaps at Henry the
Hub.


FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/26/2000 08:54 AM
---------------------------

Mary Hain
10/26/2000 08:45 AM
To: Richard Sanders, mday@gmssr.com, gfergus@brobeck.com
cc:
Subject: Important CAISO Notice re confidentiality

---------------------- Forwarded by Mary Hain/HOU/ECT on 10/26/2000 08:51 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Fuller, Don" <DFuller@caiso.com>@caiso.com>
10/25/2000 05:23 PM

Please respond to "Sole, Jeanne" <JSole@caiso.com>
Sent by: "Happ, Susan" <SHapp@caiso.com>
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc:
Subject: CAISO Notice - ISO response to CPUC and AG subpoenas in the inves
tigations of the wholesale electric market and impacts on retail rates

To Market Participants and Scheduling Coordinators:

Attached please find a letter from the California Attorney General (AG)
indicating the confidential treatment that will be provided for confidential
data produced by the CA ISO in response to the AG subpoena (circulated to
Market Participants on October 6 and attached herein for your convenience).

Further, the CA ISO is in receipt of an interim order from the California
Public Utilities Commission in its OII 00-08-002, providing for additional
protection for confidential information, including information subject to
the subpoena issued to the CA ISO (circulated to Market Participants on
September 25 and attached herein for your convenience).

Finally, the EOB has requested copies of the ISO operator logs and morning
reports that are responsive to the CPUC subpoena.  These documents would be
subject to the agreement as to confidentiality for confidential information
produced to the EOB that was arrived at this summer (see letter circulated
to Market Participants on September 25 and attached herein for your
convenience)

The CA ISO will proceed with production in response to the AG and CPUC
subpoenas (and provision of responsive logs and morning reports to the EOB)
unless we are informed, no later than noon on Monday October 30, by a Market
Participant that it is taking formal action to seek further protection for
confidential material from the CPUC, the AG or the EOB.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges.  Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.

 - 10-25caisoconfidential1025.doc
 - 10-6AGSubpoena.pdf
 - 9-25EOB4.pdf
 - 10-25CPUCsubpoena.doc


Paul,

This is the file from Man that we talked about.  Please give me a call when
you get this because it has a lot of data that we don't need, but I can't
omit information from the file.

Thanks,

Errol mcLaughlin, X5-8274
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 02/16/2001
09:34 AM ---------------------------

"Timmins, Martin (NY Int)" <mtimmins@edfman.com> on 02/16/2001 08:09:21 AM
To: "'errol.mclaughlin@enron.com'" <errol.mclaughlin@enron.com>
cc:

Subject: FW: ENRON NG pos. COB 2-15

Errol give me a call when you get this

> -----Original Message-----
> From: Hood, Stephen (NY Int)
> Sent: Friday, February 16, 2001 9:01 AM
> To: Timmins, Martin (NY Int)
> Subject: ENRON NG pos. COB 2-15
>
> Please respond with any questions.
>
>  <<enron ng.pdf>>
>
> Regards,
>
> SMH

 - enron ng.pdf


Thanks!

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


Here is our revised Article 10 and 14. Will talk to you at 1:00.

 <<ENRONARTICLE X and XIV.doc>>

Ross M. Levine, Esq.
Director of Contracts and Contracts Counsel
FuelCell Energy, Inc.
3 Great Pasture Rd.
Danbury, CT 06813

(203) 825-6057
(203) 798-2945 (fax)
rlevine@fce.com (email)

This transmittal and its attached files (if any) may contain proprietary or
confidential information belonging to FuelCell Energy, Inc. If you are not
the intended recipient, you are hereby notified that you have received this
transmittal in error. Any review, disclosure, use, dissemination,
distribution or copying of this information is strictly prohibited. If you
suspect that you have received this communication in error, please notify us
immediately by telephone at 1-(203) 825-6000, or e-mail at jryan@fce.com and
immediately delete this message and all its attachments.

 - ENRONARTICLE X and XIV.doc


Roel summarized some articles on HFD from Houston Chronicle. See attached.


Thank you for using our automated self service password reset option.

The user id and password in SAP (Apollo Production and HR Production), eHRonline, iBuyit and iPayit are all synchronized.  When you reset your password in eHRonline, it automatically synchronizes the password in the other systems.

Please follow the steps to reset and synchronize your passwords.

1.        Go to ehronline.enron.com
2.       Click on the   button
3.       Enter your User Id (SAP Personnel Number) and temporary password (located at the bottom of this email)
4.       You will then be asked to change your password
5.       Enter your new password twice
6.       Once you have successfully changed your password in eHRonline, you have synchronized your password for SAP (Apollo Production and HR Production), eHRonline, iBuyit and iPayit
7.       If you were trying to access an application other than eHRonline, close eHRonline and proceed to the desired application.  You will now be able to log in with your NEW password.

 THIS IS A GENERATED EMAIL - DO NOT REPLY!

IF YOU NEED FURTHER ASSISTANCE, CONTACT THE ISC HELP DESK AT:  713-345-4727

The password for your account: P00500553   has been reset to: 12282266

Go to eHRonline now: http://ehronline.enron.com <https://ehronline.enron.com/>


Allan-- we estimate 40-55% of the Enron sponsors have been severed, this would translate to approx. 200 kids.  Of these, we have only needed to re-sponsor 12 children, but we won't know the final tally until Friday afternoon.

I also understand HISD public relations is issuing a PR today inviting all the press to Gordon elementary next week.  The Holiday Party is 12/20.  HISD phone is 713-892-6393.

Below is description of Gordon Elementary given to me by the school.

Let me know if you have questions.
kh 713-853-5559

Geneva - this is the overview of Gordon.  Let me know if I can provide any
additional information.
ANNE E. STRYKER
Title I Coordinator
Maud W. Gordon Elementary
713-295-3767

> ----------
> From: 	Brenner, Arlene
> Sent: 	Wednesday, May 16, 2001 12:01 PM
> To: 	Stryker, Anne E
> Subject: 	Gordon Elementary School
>
> Gordon Elementary School which is located in Bellaire, is an HISD school
> which is used solely as a relief school for the overcrowded and capped
> schools in Southwest Houston. Everyone of the 500+ students who attend
> Gordon is bused to the school from the Gulfton, Fondren Southwest and
> Westbury areas. These children who attend classes from kindergarten to
> fifth grade come from families that are primarily immigrants, refugees,
> and first generation Americans. They represent every inhabited continent
> except Australia (so far). All of Latin America has been represented at
> our school including the Caribbean, as are most of the major Asian nations
> such as India, Pakistan, Vietnam and Mainland China. European and Middle
> Eastern countries such as Bosnia, Kosovo, Saudi Arabia, and Iran have also
> been represented. At last count, we have enrolled children from more than
> ten Africa countries including Rwanda, Ethiopia, Somalia, Sierra Leone,
> and Nigeria. We also have American born inner city children as well.
> However, our school is overwhelming Hispanic which at last count was 77
> per cent.  In term of needs, although most of our families have one or
> more parents working, the number of students receiving free or reduced
> lunch this year was 98. 2 per cent which is down from last years figures
> of 99 per cent. We have had 100 per cent in years pass as well. These
> numbers indicate the percentage of families below the poverty level. As a
> result, we provide students with free or reduced lunch and breakfast each
> day. We also provide a free extended day program. What that means is that
> some of our children get on buses as early as 6:15 a.m. and don't return
> home until almost 6:00 p.m. What we have discovered over the years is that
> the needs don't stop there. We have learned to stock or attempt to supply
> all sorts of items. We try to stock RID over the counter head lice
> treatment as well as underwear and socks for little ones who have
> accidents. We have an on going need for school supplies, children's'
> shirts, blouses, slacks and jumpers, as well as sweaters and jackets for
> Houston's short winter. We try to give each student one gift at Christmas
> because we discovered that many families don't have the money to provide
> their children with more than the basics. We try to collect used bicycles
> to give away as door prizes for our family math and family reading nights
> to encourage parents to get involve in school. Both our library and
> classrooms are in need of literature books both in English and in Spanish.
> We do not have a PTO, so we have to find other sources to provide treats
> for field day or field trips or special day activities. We are always in
> need of tutors. We struggle to support our own home grown soccer league.
> We take the funds we collect from our Fall Festival (Halloween Carnival)
> to pay for a school wide field trip to the Oil Ranch which gives children
> an opportunity to see cows and chickens and cattle and to paddleboat on a
> lake. We pay for those children who cannot afford the $5 admission fee and
> we pay for the bus transportation. We try to underwrite the cost of buses
> for field trips and we raise funds for cultural performances such as
> plays, or musical performances because we realize this is the only
> exposure most of our children experience. We have been slowly
> incorporating MacIntosh computers into classrooms and are always in need
> of assistance in that area especially for the upper grades. We have wanted
> for a long time to plant bushes around our 9 t-buildings to make our
> campus more attractive for our children because so many of them stare at
> concrete apartment surroundings. On a personal level, I wish I could
> provide my teachers with tokens of appreciation that PTOs so often give to
> teachers but I have only sporadically been able to accomplish this.
>
>


STEVE KEAN

Executive Committee Weekly Meeting

Date:  Tuesday, May 29
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf. Call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984) or
  Suzanne Danz (713/853-6440) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

Yes, I will attend in person  ___X___

By video conference from  ______

By conference call   ______

No, I will not attend   ______

Please return this e-mail to me with your response by 12:00 p.m., Friday, May
25.

Thank you,
Suzanne


Please give me a sign off if this is OK.  Thanks DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/22/99 03:24
PM ---------------------------

Christine Stokes
12/22/99 08:33 AM
To: Steven Harris/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON
cc:

Subject: Transwestern Contract Approval Request

TRANSWESTERN CONTRACT APPROVAL REQUEST

Please review the provided non-standard discount letter for Duke Energy
Trading & Marketing.   Duke's 18,000 Dth/d Ignacio to Blanco contract has a
one year term and a seasonal based 1-part rate structure.  Transportation on
an alternate basis is provided for on a south to north flow direction at an
incremental $.01 charge based upon actual utilization of the described path.

Please provide an indication of approval via REPLY WITH HISTORY.  If any
questions arise, please contact me at x35702.


THIS INFORMATION IS CONFIDENTIAL PER SECTION 5 OF THE FACILITATION AGREEMENT

Steve:

Attached is an Excel spreadsheet that contains information responsive to your
request dated November 12 and other questions that were raised in our meeting
on November 11.  We look forward to speaking with you at 1:00 p.m. today.

Rick Hill
Generation Investments Group


BUSINESS HIGHLIGHTS

Global Risk Management Operations
Operational Risk Management was the topic of an information session held last
week for all managers and above in ENW who support trading operations for EA,
EIM and EGM in Houston, Portland and Calgary.  Operations professionals, who
manage risk book reporting and analysis, confirmations, physical product
scheduling and cash management reaffirmed their roles in effectively
accessing, managing and mitigating operational risk.  This focus on
operational risk management will ensure the quality of EWS' earnings, and
support a platform for continuing growth across all commodities in 2001.

Steel Origination
Since its inception in September, the steel group has grown to over 40
people.  They have contacted the majority of the key industry players and
received positive feedback.  Additionally, the group has executed both
physical and financial trades and has 10 products posted on EnronOnline.

Steel prices are at a 20-year low, several large producers have recently
filed for bankruptcy protection, and capital is scarce. The industry needs
both liquidity and price risk management. At this time, Enron is the only
company offering these products. A middle-market group has recently been
formed, which will allow the originators to focus on longer term deals with
embedded capital. The biggest challenge is bringing the "old economy "
incumbents up to speed on derivatives. There may also be some credit issues.
Stay tuned for cash flow and earnings.

MANAGING DIRECTOR & VICE PRESIDENT APPOINTMENTS
Congratulations to the new Managing Directors and Vice Presidents in
EA/EIM/EGM.

Managing Director ) Commercial
Phillip K. Allen, West Gas Trading   Timothy J. Detmering, Corporate
Development Joseph M. Deffner, Treasury & Funding
Timothy N. Belden, West Power Trading   William D. Duran, Generation
Investments Phillip R. Milnthorp, Canada Origination
Christopher F. Calger, West Power Origination

Managing Director ) Commercial Support
Sally W. Beck, Energy Operations Management

Vice President ) Commercial
Albert E. McMichael, Jr., Gas Commodity Structuring Christopher Mahoney,
Liquids Trading  Kevin J. McGowan, Coal
Niamh Clarke, Liquids Trading    Lloyd D. Miller, Portfolio Management  John
A. Zufferli, Canada Power Trading
Derek J. Davies, Canada Origination   Per A. Sekse, Global Risk Markets
Rogers Herndon, East Power Trading
Mark D. Davis, Jr., East Power Trading   Mark Tawney,  Weather Trading
Michael D. Grigsby, West Gas Trading
Paul Devries, Canada Origination              Barry L. Tycholiz, West Gas
Origination  Mark Whitt, West Gas Origination
Christopher H. Foster, West Power Trading  Frank W. Vickers, East Gas
Origination

Vice President ) Commercial Support
Laura Scott, Canada Accounting    Richard C. Sherman, Transaction Support
Georganne M. Hodges, Trading, Origination &  Power Plant Accounting

Vice President ) Specialized Technical
Peter C. Keohane, Canada Legal    Elizabeth A. Sager, Physical Trading
Pinnamaneni V. Krishnarao, Research Group  Richard B. Sanders, Litigation
Travis McCullough, Finance Origination & Mergers/Acquisitions

Weekly EnronOnline Figures
Below are figures for EnronOnline as of January 12, 2001.

* Total Life to Date Transactions   >   560,000
* Life to Date Notional Value of Transactions   >   $340 million

IN THE NEWS
The Energy Power & Risk Management/Risk 2000 Commodity Derivatives Rankings
have been announced and once again Enron is at the top of the list.  Our
rankings are:

Number 1 in the following categories:

 North American Natural Gas - Nymex Look-alike Swaps
 North American Natural Gas - Basis Swaps
 North American Natural Gas - Nymex Look-alike Options
 North American Natural Gas - Basis Options
 UK Natural Gas - Options
 UK and EU Electricity - Swaps (UK)
 UK and EU Electricity - Swaps (Europe)
 UK and EU Electricity - Options (UK)

Number 2 in the following categories:

 Gasoline - Swaps (Americas)
 North American Electricity - Swaps (North American - Eastern)
 North American Electricity - Options (North American - Eastern)
 Weather Derivatives - North American Swaps
 Weather Derivatives - North American Options

Congratulations to all of the commercial teams responsible for this great
showing!

NUGGETS & NOTES

"There is always a way, if you're committed." - Mike McConnell/President &
CEO-EGM

"We don't have any direct competitors.  It's more fun to sell when you're not
being shopped.  Are you with me? " - Brad Dunn, Vice President - Steel
Origination-EIM

WELCOME

New Hires
ENA - Bart Burk, Catalina Cardenas
EGM - Shereka Jefferson, Armando Lira

Transfers
EGM - Wayne Kimball
EIM - Kimberly Bergen, Jay Boudreaux, Cedric Burgher, Kristen Hanson, Laurie
Lee, Douglas Parsons

GLOBAL FLASH

UK Gas Update
This week the Bacton- Zeebrugge Interconnector surprised the market by
switching flow direction from UK Import to Export despite European spot
prices being lower than UK prices.  The Interconnector's operating rules
allow this to happen at present. Several shippers are lobbying to have these
rules amended to be able to react more quickly to market forces.  This flow
direction switch coincided with the recent cold snap increasing demand
substantially to 430mcm which in turn has resulted in a surge in prompt UK
prices.

EOL activity during this period has been particularly active as we benefit
from the increased volatility in the market.

Enron has several fuel switching options at our Teesside installations which
we use to protect our positions.

Fine weather in Japan
Over the New Year, Enron Japan completed a weather transaction with BTM,
which acted as a broker to the deal.  The deal, whereby we bought the option,
involved a Jan/Feb average temperature call with a maximum payout of 500 mill
JPY.   The transaction acted as a trigger leading to further transactions.
While not a major deal financially, this deal is significant as it offers an
indication that the Japanese weather market is developing and is growing in
size.  Takuro Shioda in our Tokyo office did a great job during the
negotiations.

TPS Gains ISO 14001 Accreditation
On 30th November Teesside Power Station gained accreditation to the
internationally recognised Environmental Management System (EMS) ISO 14001
standard.

ISO 14001 is an international standard that specifies the requirements for an
environmental management system that TPS had to meet in order to achieve
third-party certification. The accreditation will encourage cultural change
by establishing disciplines that ensure policy objectives are met and a
continual improvement in environmental performance is achieved.

LEGAL STUFF

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


It would be funny if it were not quite so close to the truth!


Westvaco is a brand new company.  I have added March also, didn't know about that one.  Also, there will be one for Rohm & Haas, hopefully will be down in the next day or two.  And there will not be one for Bayer in April.


These documents will be executed Thursday.

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 12/27/00 09:47 PM -----

	"Rosser, Dianna" <drosser@velaw.com>
	12/27/00 09:16 PM

		 To: "'mwilson@milbank.com'" <mwilson@milbank.com>, "'rwight@milbank.com'"
<rwight@milbank.com>, "'philip.levy@chase.com'" <philip.levy@chase.com>,
"'melissa.c.vogel@chase.com'" <melissa.c.vogel@chase.com>,
"'ian.james@mourant.com'" <ian.james@mourant.com>,
"'kevin_p_kearns@fleet.com'" <kevin_p_kearns@fleet.com>,
"'renee_r_nadler@fleet.com'" <renee_r_nadler@fleet.com>,
"'richard_aidala@fleet.com'" <richard_aidala@fleet.com>,
"'jill_a_calabrese@fleet.com'" <jill_a_calabrese@fleet.com>,
"'james_r_mcbride@fleet.com'" <james_r_mcbride@fleet.com>,
"'mark_serice@fleet.com'" <mark_serice@fleet.com>, "'sean_o'neill@fleet.com'"
<sean_o'neill@fleet.com>
		 cc: "'teresa.g.bushman@enron.com'" <teresa.g.bushman@enron.com>, "Joseph
Deffner (E-mail)" <joseph.deffner@enron.com>, "Shouse, August"
<AShouse@velaw.com>
		 Subject: PDF format of transaction documents

Attached please find copies of the following documents, in PDF format to
facilitate consistent pagination:

1. Forward Sale Agreement
2. Confirmation Letter of Forward Sale
3. Margin Agreement
4. Margin Price Confirmation Letter
5. Enron Guaranty
6. Consent and Agreement (Enron)
7. Consent and Agreement (ENAC)
8. Letter regarding duplicate delivery of information
9. V&E opinion

Please feel free to contact August Shouse or me with any questions or
comments.

Regards,

Dianna J. Rosser
Vinson & Elkins L.L.P.
Business and International Section
3300 First City Tower
1001 Fannin Street
Houston, Texas 77002-6760
tel: (713) 758-3688
fax: (713) 615-5899
email: drosser@velaw.com

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You
 <<404950_3.pdf>>   <<404984_2.pdf>>   <<404917_5.pdf>>   <<404980_2.pdf>>
 <<404948_2.pdf>>   <<404983_4.pdf>>   <<404981_5.pdf>>   <<404914_4.pdf>>
 <<404942_5.pdf>>

 - 404950_3.pdf
 - 404984_2.pdf
 - 404917_5.pdf
 - 404980_2.pdf
 - 404948_2.pdf
 - 404983_4.pdf
 - 404981_5.pdf
 - 404914_4.pdf
 - 404942_5.pdf


Hey Jack - I'm assuming you don't know the last name, but I'm betting you
haven't known alot of other Tori's in your lifetime.  Anyway, I've been
feeling nostalgic lately, so, I thought I would see what was up in your
life.  I got married about 6 years ago, and I live with my husband, Pat, out
in Katy.  I'm working at Enron downtown, doing commodity trading.  We're
expecting a little girl in June, our first baby.  Anyway, I'd love to see
what's going on with you.  Write back if you can.


The questions are primarily legal/credit related. I will make sure Elizabeth
and Mark are aware of this and that we discuss it as soon as we can.  I
personally prefer NOT to talk to any reporter and if a lawyer is going to do
the job, it should be Elizabeth of Mark. My imagination's tendency to
"contemplate"    could kill us in print. ----cgy

To: Christian Yoder/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT
cc: Eric Thode/Corp/Enron@ENRON
Subject: Risk Magazine Questions

risk magazine has requested an interview with enron regarding risks
associated with the western power markets.  eric thode has lined me up to
talk with them.  after seeing the questions that they are interested in, it
seems to me that they are most interested in understanding legal and
contractual risks in the west.  while i am happy to talk with them, you guys
are the experts on these matters.  what do you think of the questions posed
below?  should someone from the legal team talk to them instead of me?  let
me know your thoughts.
---------------------- Forwarded by Tim Belden/HOU/ECT on 04/18/2001 08:13 AM
---------------------------

Eric Thode@ENRON
04/17/2001 02:41 PM
To: Tim Belden/HOU/ECT@ECT
cc: Debra Davidson/PDX/ECT@ECT
Subject: Risk Magazine Questions

Here are the proposed questions from Dwight Cass of Risk Magazine.  Give me a
call or send an e-mail if you need anything else.

I sent the proposed times for the interview earlier.  They are 11:00 am or
1:00 pm your time on Wednesday or Thursday of this week.  Please advise
regarding your preference.  Thanks

Eric

---------------------- Forwarded by Eric Thode/Corp/Enron on 04/17/2001 04:36
PM ---------------------------

"Dwight Cass" <dcass@riskwaters.com> on 04/17/2001 04:06:57 PM
Please respond to "Dwight Cass" <dcass@riskwaters.com>
To: <eric.thode@enron.com>
cc:

Subject: questions for Tim

Eric
?
Here are the main questions I would like to pose to Tim.  Beyond these
specifics, I would like to know how he thinks the California  situation has
affected energy trading in general. Please let me know if you or  he would
like more information.
?
Thanks for your help -
Dwight
?
1) How have energy trading contracts held up under the stress of  the
California crisis?
2) Does Enron use its own contract, or does it use the  EEI-NEM master
agreement?
3) Have traders changed any provisions in the contracts, or added clauses, to
better deal with the market,s price volatility or increased  credit risk?
4) Last year there was concern over the adequacy of trading contracts after
Cinergy,s force majeure claim. Is there similar concern in California?
5) Are the remedies for failure to deliver or supply adequate?
6) Is the market now comfortable with the definition of force majeure?
7) Do you feel the contracts adequately protect energy trading concerns from
lawsuits and/or regulatory (e.g., FERC or PUC) interference in California?
8) Has the very high level of price volatility caused the firm to change how
it  hedges its own trading inventory? How important is it in this environment
to own  physical supply?
9) Has the high level of counterparty credit risk (e.g., PG&E) caused your
firm to change its credit risk policies or hedging strategies?
10) Does having a  sophisticated credit risk trading entity (Enron Credit)
under the Enron umbrella  help the energy trading desk deal with counterparty
credit  issues?

Dwight Cass
Americas Editor - Risk magazine
Risk Waters  Group
270 Lafayette Street; Suite 700
New York, NY 10012
(212) 925-1864  ext. 190
www.risk.net


Great!  I'll call you at 1pm Houston time.  SS

Brent Hendry@ENRON_DEVELOPMENT
02/01/2000 04:52 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: short conference call

How about 1pm your time?

Sara Shackleton@ECT
31/01/2000 11:24 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: short conference call

Can we schedule a short call on Tuesday to discuss the local Argentine
derivatives issue?  I am not free at 10 - 11 am or after 2:30 pm. Houston.
Also, have you been able to confirm whether Don is the man in charge in
Brazil?  Sara


I wanted to sent you a holiday card but, alas, the mysterious Sam has no
address.  I guess I could send it to your lessee in the Big Easy (remember,
the doctor living in the marina) but he may not appreciate the beauty of the
card.  Please email your address.  Hope you had a "Happy Chanukah".  I was in
BR to celebrate with my family - Jennifer is 15 and Zachary will be 13 on
January 1.  My parents are slowing down but Deb and Steve are not.  Deb
ordered some brisket and latkes from the 2nd Ave. deli in NY and the food was
awful.  Sara


-----Original Message-----
From: Tania Calvao [mailto:Tania.Calvao@elektro.com.br]
Sent: Thursday, August 30, 2001 11:52 AM
To: Blaine, Michelle
Subject: Re: Lag, Annex V and Rationing Figures
Richard and Jim--here are the numbers for the regulatory and Annex V issues.  I talked with Tania and Alex and the Itaipu law suit is perhaps in accurate--they are recalculating because it is more like a $15 million total impact for the 6-7 month lag. I'll send you an update.

Michelle,

Any doubts let me know.  These numbers were requested today in the car by Richard, so please let him know.  I am at your disposal for further information needed.

T?nia Calv?o.

>>> Alexandre Innecco 30/08/01 12:47 >>>
Dear Michelle,

Tania asked me to inform you the figures involved in the regulatory lag, Annex V and rationing impact.

Regulatory Lag  totals some US$54 million which are subject to different actions:
1) extraordianry rtariff review (US$21 million) including basic grid transmission losses (US$10.6 million); FX impact on ITAIPU energy (US$6.5 million) and others
2) ITAIPU law suit - 8% increase (US$4 million)
3) ABRADEE law suit (US$22.5 million) Charges: CCC, RGR and Taxes
4) System charges US$5.6 million accounted for but not yet invoiced or paid and not subject to an action yet.

ANNEX V
2001 estimated impact of US$88 million gian

Rationing Impact
Comparing our current 2001 forecast with the planned market, rationing is generating a US$70 million loss in revenue or US$54 million in EBITDA

Thoses figures are being reviewed and will be part of Elektro's overview presentation tomorrow.  Should you need any further information, please let me know.

Regards,

Alexandre


Please use this revised data for your EBS restructuring discussions.

The group moving to EES has been deleted from these numbers per Kevin
Hannon.  thanks

Marla Barnard (marla_barnard@enron.net)
Vice President - Human Resources
Enron Broadband Services
713-345-8158 (Office)
713-646-2678 (Fax)


We have been informed that the subject call, scheduled for 11/28, 5:00 -
7:00 p.m. CST, has been cancelled.  It will be rescheduled in the near
future.  We regret any scheduling inconvenience this may have caused you.
Please feel free to contact Keith Larney at 469-357-4497 or myself at the
number below if you should have any questions.  Thank you.
____________________

Shea Dugger
Legal Dept.
Tel: 469-357-4195
Fax: 469-357-6566
shea_dugger@i2.com


Do you know where the Texas Exes watch the games in London?  It might be kind
of fun to watch the OU game somewhere...even if just for a bit of it.  Just a
thought.


I felt really bad when I left early on Friday because I forgot to wish you good luck and give you a hug. I hope you will be very happy in your new endeavors.  You made the right decision.  I am sure you will be very happy in your new career.  I hope to read about you in some of my women's magazines.


Thanks.  I like this format...please keep me updated.   Jeff

Robert Johnston
10/26/2000 05:16 PM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: US Election

We are tracking the poll numbers and trends heading into the election.  Still
too close to call, but momentum may be swinging back to Gore.

The major tracking polls: Bush Leading in 4, Gore in 1.

       ABC    CNN    MSNBC  Voter  W.Post
Bush   48     49     43     44     47
Gore   46     42     45     40     45

Note that Bush is leading in West Virginia and Louisiana, what should be Gore
states, but Gore is leading in Florida and Ohio, two "must-win" Bush states.
Gore is trending favorably in large vote-rich states including not only
Florida and Ohio, but also New Jersey and Pennsylvania as well as traditional
Democratic strongholds such as Minnesota and Wisconsin.  One caveat is that
today's NYT Florida poll is the flip of yesterday's Florida Sun Sentinel
Florida poll that showed Bush leading (46-41).  Bush has changed his schedule
and is on his way to Ohio tonight.

Latest State Polls: "Bad News" for  Both

??? ???   AZ  CO  FL* LA* MI  NJ

Bush     49  44  42  45  42  41
Gore     39  40  46  34  44  47
Nader     3   3   3   4   3   4
Buchanan  0   1   1   3  --   1

          OH* OK  PA  WA  WV*  WI

Bush      43  51  33  37  46  39
Gore      45  40  44  46  36  46
Nader      1  --   1   3  --   5
Buchanan  --   2   0  --  --  --


HOLIDAY SAFETY REMINDER

The holiday season can mean an increased risk of fires and a higher potential
for criminal activity due to people taking advantage of convenient downtown
shopping and because of the increased number of special events and office
parties.  We would like to pass along a few safety and security tips from the
City of Houston Fire Department and the Houston Police Department.

? Please do not prop open stairwell doors or doors to the freight elevators.
This defeats security.

? Use only artificial trees and greenery in decorating your office space. Do
not place cut trees or greenery within the building. Cut trees become major
fire hazards when they dry out.

? Office parties or the holiday mood may distract you.  Be alert for thieves
who try to take advantage of the holiday season. Sometimes just having fewer
people at work during the holidays creates an opening for thieves. If you see
someone that does not appear to belong in your work area, immediately call
the Enron Security Console at 713-853-5360.

? Keep your purse or wallet with you at all times or locked away in a drawer
or closet.

? If you go shopping, invite a friend to go along. Try not to overload
yourself with packages.  When you return, lock your gifts away in a safe
place.

? Always be aware of your surroundings while in a public area. If things don,
t look right, follow your instincts and avoid going into the area.

? When waiting for a ride home after hours, remain inside the building near a
card-reader door until you see your ride arrive.

? If office parties are on company premises and involve alcoholic beverages
or public invitees, call security at 713-853-5360.  Security will advise you
as to company guidelines.


Don:

As discussed, I am attaching my resume. I will give you a call after you had a chance to review it.

Thanks,

Husnain Mirza
Phone: 713-853-9541
husnain_mirza@enron.net


Return Receipt

 Your
 document:

 was received Kelley Doolan/ST/FIS
 by:

 at:          03:50:45 PM Today


Reminder Craig Gannett meeting with Senator Gorton
Henry Hubbard -- 207 397 5091
Steve Montovano 800 650 9084
Greg Piper
Carol Dillon 503-464-8536
Kathleen -- Providence Gas (Mike McCall)
Linda Clemmons -- MIT forum at MIT


Mike:  I'll be covering all of this stuff for myself, so unless we agree in
advance to you spending your time, I won't be expecting any bills.  If Paul's
covering your time for the call, I think it would be great for you to
participate.  The reaction's been pretty good thus far.

Best,
Jeff


"Stuart worry wort" wanted me to confirm that Patty Clark was bcc'd on the
Westinghouse letter.

K-


Joe Attached find the report you requested.  Alan - Governor Davis offered a
highly discounted forward contract ($45-50/MWh) at the FERC settlement
conference today.  As usual, California is trying to get its refund with or
without FERC requiring it.  Alan - Tim and Joe will likely need your
assistance with this settlement negotiation.


Start Date: 2/4/02; HourAhead hour: 7;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020407.txt


------------
ANNOUNCEMENT
Please call us with any questions at 212-430-6475
------------

The Evolution Express market report for activity as of 5PM today
can be found at the following locations:

For Emissions Markets:
http://www.evomarkets.com/scripts/backdoor.php?user=michael.e.taylor@enron.com&expand=3a7c9ab4fb44af56&caller=evex_em~2001-10-03

For Coal Markets:
http://www.evomarkets.com/scripts/backdoor.php?user=michael.e.taylor@enron.com&expand=3a7c9ab4fb44af56&caller=evex_coal~2001-10-03

If you would like to see historical market data for SO2, NOx, and
Coal, including price volatility follow this:
http://www.evomarkets.com/scripts/backdoor.php?user=michael.e.taylor@enron.com&expand=3a7c9ab4fb44af56&caller=hist~

If you have any questions or comments regarding the content of the
report, please contact Mike Goldenberg (emissions) or Ken Worst (coal)
at 212-430-6475 or by e-mail (mgoldenberg@evomarkets.com or
kworst@evomarkets.com)

For technical problems related to accessing our report, please contact
our webmaster (webmaster@evomarkets.com). For general feedback on
improving our site, we would appreciate your input
http://www.evomarkets.com/feedback.html

If you would like to be removed from our distribution list, please
change your preferences following this link:
http://www.evomarkets.com/scripts/backdoor.php?user=michael.e.taylor@enron.com&expand=3a7c9ab4fb44af56&caller=modacc~

Note that sharing or forwarding this message and the active links to
restricted sections of the Evolution Markets' website is the same as
sharing your password and is a violation of the Evolution Markets LLC
Restricted Website Access User Agreement.

If you would like to have a friend or associate access these reports,
please refer them at:
http://www.evomarkets.com/scripts/backdoor.php?user=michael.e.taylor@enron.com&expand=3a7c9ab4fb44af56&caller=refer~


That means it is recognized, not  "contemplated to be recognized", then?  Is
there such a thing as a recognized scheduling entity, or do you just schedule
on their behalf?

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 10:41 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Are we confusing scheduling services with QSE type stuff?

What about this?  Is this the QSE defn? [Rorschach, Reagan]  No, that would
be Qualified Scheduling Entity that has a very lengthly ERCOT definition.
This was greatly simplified to eliminate any confusion.  I think it is OK as
is.

&Scheduling Entity8 means an entity contemplated to be recognized by SPP, and
fully qualified under SPP rules and regulations, to schedule the transmission
of Energy, Capacity and Ancillary Services from the Facilities.

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 07:51 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Are we confusing scheduling services with QSE type stuff?

Kay, lets couch it as below...or similar....what I did below is botchy.

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, May 30, 2001 10:52 AM
To: Rorschach, Reagan
Subject: Are we confusing scheduling services with QSE type stuff?

(20) If and when a new RTO begins operation, seek to  [Rorschach, Reagan]
comply with scheduling requirements and to satisfy [Rorschach, Reagan]  such
rules and protocols [Rorschach, Reagan] that are created in [Rorschach,
Reagan]  association therewith.


Comrades:

With a view to increasing the knowledge quotient of
the collective student body regarding the spring
electives, the EMBAA and SAC are soliciting the views
of the veterans among us (you know the ones:  we are
those who wear eyepatches, prosthetic limbs and mumble
incoherently to ourselves most of the day) who may
have constructive opinions about classes they have
taken at Haas outside the core.

Our hope is to gather, edit and package (that means
make suitable for readers of all ages) these remarks
prior to registration for Spring Semester--which is
week after next, for the schedule-challenged among
us--in order to provide some helpful guidance from our
peers to answer that pesky little question, " What the
heck should I take now!"

Please send your comments to Joe Tambornino,
tamborni@haas.berkeley.edu, by Tuesday the 5th, and we
will endeavor to supply you with THE UNOFFICIAL GUIDE
TO HAAS SPRING ELECTIVES by the end of the week, which
shall include commentary, course descriptions,
information on new professors, etc.

Thanks very much for your help,

Ken Bruce, president - EMBAA
Joseph Tambornino, chairman - SAC

__________________________________________________
Do You Yahoo!?
Find a job, post your resume.
http://careers.yahoo.com


In Case you did not receive the memo from the Office of the Chairman
regarding the Midyear Performance Review Process, please read below.

The mid-year Performance Management cycle will begin on May 15 with the
opening of the PEP system (the online "Performance Evaluation Process"
feedback system).  You will be receiving your password for this system in a
note to go out later from PEP.  In preparation for the cycle, four training
classes will be offered to all new employees and to those employees who have
not previously attended training.  Enrollment for these classes will be
offered through the Development Center "Ernie" system.  For employees who are
outside the Houston area, please contact your HR Representative for more
information.

These sessions will be held on :

Wednesday, May 10 from 9:00-10:00 a.m.,  and three sessions to be held on
Thursday, May 11 from 9:00-10:00 a.m.; 1:30-2:30 p.m.; and 3:00-4:00 p.m.
All sessions will be held at the Doubletree Hotel.

To register, click on this link to go directly to the Development Center

For those of you who have attended the training before and who are familiar
with the past Performance Management Process, there have been some
modifications:

1.  The Performance Management Process is now Enron wide.  All Enron feedback
forms have been reduced to three (Vice President (VP)/Managing Director
(MD);  Management/Professional; and Administration/Support), which all use
the following criteria:
? Innovation/Entrepreneurship
? Communication/Setting Direction
? Teamwork/Interpersonal
? Leadership/Vision/Values
? Business Instinct
? Analytical/Technical

2.  The following six performance ratings will be used consistently on the
final feedback forms across Enron:
 Superior
 Excellent
 Strong
 Satisfactory
 Needs improvement
 Issues

3.  There will be four recognized peer groups across the company for purposes
of the PRC (formerly the Business Review Meetings) meeting.
? Commercial
? Commercial Support
? Technical
? Specialized Technical

4.  The Performance Review Process will continue to be used to facilitate:
? Promotions - up to Director level only. There will be no officer promotions
to VP/MD at Mid-year
? Feedback to employee
? Compensation decisions
? Sharing of performance rating at Manager,s discretion

5.  PRC meetings will be reviewed by both functional area & business units
Both functional areas and business units will participate in the rating of
employees to cover both solid and dotted line reporting relationships.
Functional PRC meetings will take place first, followed by the final business
unit meetings.  Difference in views on an individual employee,s rating should
be discussed and consensus should be reached. The functional area meetings
are:

- Accounting
- Human Resources
- Government Affairs
- RAC
- Global Finance

6.  The PEP system is now available via the Intranet to allow greater access
from global locations and remotely. The functionality is essentially the
same. If you would like further information on how to use this system you may
gain access to the quick reference guide by clicking  on the attached
weblinkhttp://home.enron.com/announce/WebPEPQuickReference.pdf .  If the
Quick Reference does not display correctly on your PC, call your Help Desk
for assistance, or  Irma Alvarez at 713-853-1543 to get a hard copy.

7.  The general responsibilities remain the same regarding the overall
process:

Employee/Reviewer Responsibilities:
Select  5-7 reviewers
Complete self-assessment
Complete requested feedback forms
Reviewers who cannot provide feedback use the Decline Request feature

Supervisor Responsibilities:
Approve reviewers (at least 3 of the employee's choices)
Communicate modifications to employee
Participate in PRC meetings as required
Summarize feedback and complete appropriate feedback form
Communicate feedback to the employee

Schedule for Mid-year Performance Review

May 15   PEP System opens for feedback
June 9   PEP System closes for feedback
June 12   Functional/Business Unit PRC Meetings begin
July 20   PRC Meetings should finish
July 31/August 1 VP & MD PRC Meeting

As always, if you have further questions on the Performance Management
Process, you may contact your HR Representative.


I will be on vacation Thursday and Friday, January 31st and February 1st (that's this week).

In my absence, please call Martin Bucknell for Estate issues and Bob McAuliffe for Netco issues.  Their contact numbers are:

Martin Bucknell
Wk:	713-853-1900
Cell:	713-240-9424

Bob McAuliffe
Wk:	713-853-7468
Cell: 	713-504-1694

I will have my Blackberry and cell phone with me, but I don't know how good the reception will be at the spa or the bar.....


Louise and mark:
As I mentioned to you yesterday, a number of the online counterparties that I
have spoken with have requested the right to terminate.  Here is my suggested
language to deal with this issue as a modification to Section 6(a) of the ETA
and clause (1) of the Password Application:

1. Language modifying Section 6(a) of the ETA

"... and shall remain in effect unless and until this Agreement is terminated
(i) by Enron upon written notice to Counterparty, to take effect immediately,
in accordance with Section 6(e) or (ii) by Counterparty upon written notice
to Enron which is telecopied to Enron to ____________, Attention:
_____________, to take effect by [5:00] pm (Houston time) on the day that is
one (1) Business Day after Enron's receipt of such notice...."

2. Language modifying  clause 1 of Password Application:

..., Enron will have no responsibility whatsoever for controlling or
monitoring the use of such Passwords and no liability for any use of such
Passwords until such time as Counterparty shall have notified Enron in
writing (and such notice shall have become effective as provided below) that
such Passwords should be denied access to the website and/or that a Password
can no longer be used by Counterparty to enter into transactions on the
website, such notice to be sent by Counterparty to ______________, Attention
:______________, and to become effective at 5:00 pm (Houston time) on the day
that is one (1) Business day after Enron's receipt of such notice, it being
understood that Counterparty shall be liable for any transactions consummated
on the website before such notice becomes effective.

Please let me know what you think.

Carol


Is the TCO capacity from Eagle Point considered Retail or Wholesale?


Mark, noted - early in the process.

regards
delainey


Please see the attached memo.

Attachments:


Very interesting websites.  Thanks for keeping me updated!  -Scott
---------------------- Forwarded by Scott Tholan/Corp/Enron on 06/29/2000
05:38 PM ---------------------------

Vince J Kaminski@ECT
06/29/2000 10:37 AM
To: Scott Tholan/Corp/Enron@Enron
cc:

Subject: Control

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/29/2000
10:41 AM ---------------------------

VKaminski@aol.com on 06/28/2000 11:11:37 PM
To: vkamins@enron.com
cc:
Subject: Control

 STO
A: Political control technologies - Summary of Interim Study


Barbara:
Thanks for your request.  Those dates are good for you to visit the plants.
If you could e-mail a list of the names visiting the site and I will do the
same for you.  Please let me know the exact times that the teams will be
visiting the plants.  Thanks!
Ben Rogers
(713) 853-7998


Ginger:

Could you please forward this along to the Quinn-Gillespie folks---David
Lugar in particular?  Thanks very much.

Others:
Attached are excerpts from the California Leg Analyst's Report--an
"independent" institution in Sacramento--on the electricity crisis, the plan
thus far to address it, and the effect that the solution might have on the
State's financial position.  Also have attached URL to full report.
http://www.lao.ca.gov/analysis_2001/2001_pandi/pandi_toc_anl2001.html

Best,
Jeff


---------------------- Forwarded by Greg Whalley/HOU/ECT on 06/07/2001 12:32
PM ---------------------------
From: Kevin Garland/ENRON@enronXgate on 06/07/2001 12:30 PM
To: Greg Whalley/HOU/ECT@ECT, Ken Rice/Enron Communications@Enron
Communications, David W Delainey/HOU/EES@EES
cc:
Subject: FW: Draft of Organizational Announcement

Attached is a draft of the organizational announcement.  Please provide
comments.

KG

Subject: Draft of Organizational Announcement

Announcing the Formation of One Corporate Equity Investing Unit

To better develop and manage equity investment opportunities related to our
core businesses, Enron has formed one corporate equity investment unit.  This
new unit, Enron Principal Investments, will combine the existing investment
units of ENA, EBS and Enron Investment Partners.  Additionally, the Enron
Special Asset Group will also become part of Enron Principal Investments.
The strategy of Enron Principal Investments will be to work with the all the
business units of Enron to identify, execute, and manage equity investments,
which leverage the Enron's unique and proprietary knowledge.   These
investments may be in the form of venture capital, LBO's, traditional private
equity and distressed debt positions.

Kevin Garland will serve as Managing Director, overseeing all activities of
Enron Principal Investments.  Gene Humphrey, Michael Miller, Dick Lydecker,
and their groups, will join Kevin and his group to form this new investments
unit.

This new group will report to an investment committee consisting of Greg
Whalley, Ken Rice, and Dave Delainey.  Please join me in congratulating and
supporting Kevin, Gene, Michael, Dick and the other members of this group in
this effort.

Jeff Skilling


Cheryl,
 I am the person who asked Debra if she could find the confirms for the
deal.  The system indicated that the deals were confirmed in legal and I knew
that I had not received a request for any deals covering the time period post
of 3/31/99 under that GISB.  If done in legal it should have been by me or
Debra.  In any case if a confirm was done, it should have been filed with the
confirm desk, and not with the HPL contract.  I apologize for not contacting
you directly.  We needed the document immediately and the HPL contract group
has already indicated that they did not have it.

	Cheryl Dudley
	05/17/2001 04:20 PM

		 To: Stacey Richardson/HOU/ECT@ECT
		 cc: Debra Perlingiere/HOU/ECT@ECT, Ellen Wallumrod/NA/Enron@ENRON, Richard
Deming/NA/Enron@Enron, Ann Osire/ENRON@enronXgate, Dan J Hyvl/HOU/ECT@ECT,
Amelia Alland/HOU/ECT@ECT
		 Subject: Re: Exxon/HPL GISB

I just wanted to let everyone know to please call Amelia Alland
(713-571-3271) or myself (713-571-3187) with any issues regarding HPL
contracts, deals, etc.
We will be very glad to help in any way possible.

Stacey Richardson
05/17/2001 04:04 PM
To: Debra Perlingiere/HOU/ECT
cc: Ellen Wallumrod/NA/Enron@ENRON, Richard Deming/NA/Enron@Enron, Ann
Osire/ENRON@enronXgate, Dan J Hyvl/HOU/ECT@ECT, Cheryl Dudley/HOU/ECT@ECT,
Amelia Alland/HOU/ECT@ECT
Subject: Re: Exxon/HPL GISB

Debra,

The only confirm I've been able to print is for Sitara deal 131153 (Tagg
N47394.1) and this one is weird:  the deal was a two-month firm deal covering
12/01/99 - 01/31/00.  Since firm deals over a month should not be confirmed
under a GISB, this deal was split and 01/00 was moved to Sitara deal 133958
(cannot find Tagg number).  Deal 131153 was originally confirmed under a
Master Purchase Sale Firm but moved to the GISB following the correction of
the CP name on the deal ticket.  The deal was not reconfirmed under the GISB
to the best of my knowledge; I couldn't locate the deal in Livelink (the only
confirms under that deal number were for EPMI deals) and could only print the
confirm out of Tagg.

I could not locate the other deal numbers at all in Tagg and there are no
records in Livelink of the confirms either (only EPMI deals).  I'm guessing
the deals were confirmed out of DCAF, but I don't have access to that.
Someone in the Confirms group will have to print those for you.  One note:
The last deal, Sitara 107197, is a five-month firm deal that should NOT have
been attached to the GISB.

Since these are HPL deals, I'm not sure who confirms them, but you could
probably get some help from either Ellen Wallumrod, Ann Osire, or Richard
Deming.  On the contract side, Cheryl Dudley or Amelia Alland should be able
to help.  I'm afraid I've done all I can on this end.

I'm getting ready to fax the confirm for deal 131153 (before it was split)
since it's the only record I could pull up.

Sorry I couldn't find you everything!
SBR

DEBRA PERLINGIERE
05/17/2001 02:30 PM
To: Stacey Richardson/HOU/ECT@ECT
cc:
Subject: Re: Exxon/HPL GISB

131153 133958 156438 107197

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


Sorry..... I am referring to the weather presentation.  I sent the original message last Wednesday.. The meeting is today at 3:00.
 -----Original Message-----
From: 	Bates, Kimberly
Sent:	Monday, November 19, 2001 1:55 PM
To:	Neal, Scott; Taylor, Gary
Cc:	Ames, Chuck; Brawner, Sandra F.; Germany, Chris; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; Zivley, Jill T.; Culotta, Lindsay; Frihart, Bryant; Giron, Darron C.; Mims, Patrice L.; Murrell, Russell E; Pollan, Sylvia S.; Tucker, Patrick
Subject:	RE: meeting this afternoon

I apologize, but the new system had problems and the scheduler just got back with me.

Conf Room 05075


Yahoo! News	Edit Breaking News Alerts - Yahoo!

	Breaking News Alert	 edit
WASHINGTON _ Industrial production falls by 0.3 percent in April.

	Click here!
	[IMAGE]

If you no longer wish to receive this alert, click here to unsubscribe.
If you have questions, send us feedback.

Copyright , 1994-2001 Yahoo! Inc. All rights reserved. Yahoo Privacy Policy


Ben, I've got a pulled muscle (groin) that I've been trying to nurse for a
few months.  Went for a run this weekend and strained it.  I wonder if we
could either postpone tennis for a week or so?  If you prefer - I could -
but will have to take it fairly easy.  Let me know.  Dave.

> -----Original Message-----
> From:	Benjamin.Rogers@enron.com [SMTP:Benjamin.Rogers@enron.com]
> Sent:	Friday, July 20, 2001 11:27 AM
> To:	Yeager, David
> Subject:	RE: Tennis?
>
> Tuesday sounds good.  Does around 6:00pm work for you?
>
>     -----Original Message-----
>    From:   "Yeager, David" <David.Yeager@ElPaso.com>@ENRON
>    Sent:   Friday, July  20, 2001 10:17 AM
>    To:     Rogers, Benjamin
>    Subject:  RE: Tennis?
>
>    Ben, good to hear from you.  How about Tuesday?  Monday would also
>    probably
>    work.  Let me know what is best for you.  Dave.
>
>    > -----Original Message-----
>    > From:      Rogers, Benjamin [SMTP:Benjamin.Rogers@ENRON.com]
>    > Sent:      Friday, July 20, 2001 9:29 AM
>    > To:   Yeager, David
>    > Subject:   Tennis?
>    >
>    > David:
>    > Wanted to see when you wanted to get together for a little tennis and
>    a
>    > couple of beers afterwards.  Next week is pretty open for me, except
>    > Wednesday.  This weekend is out because I am headed to Barton Creek
>    for
>    > a little golf weekend.  Hope all is going well and I'll talk to you
>    > soon.
>    > Ben
>
>
>    ******************************************************************
>    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.
>    ******************************************************************

******************************************************************
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.
******************************************************************


---------------------- Forwarded by Chris Dorland/HOU/ECT on 11/07/2000 04:10
PM ---------------------------

Dan Dorland
11/07/2000 01:02 PM
To: Chris Dorland/HOU/ECT@ECT, Stephane Brodeur/TOR/ECT@ECT
cc:
Subject: Mind Puzzle

Try to figure this out...


-----Original Message-----
From: gregwhalley [mailto:8777865122@skytel.com]
Sent: Thursday, January 10, 2002 10:52 AM
To: Lavorato, John
Subject: Back office

Trouble withthe 13mm in back office bonuses. Advisors for creditors committee say take it out of their residual ownership. That would mean that we don't have the cash unless the buyer picks it up.


Thats the type o'shit I beez talkin 'bout! That shit was fly, dawg. Nice one

-----Original Message-----
From: Scott Naquin [mailto:naquinscott@yahoo.com]
Sent: Thursday, October 25, 2001 8:19 AM
To: COREY ROBICHEAUX; ross_berthelot@bankone.com
Cc: ceilbeck@yahoo.com; clcs@email.msn.com; myersnamie@yahoo.com;
denisnaq@home.com; scottnaquin@aol.com; tporteous@lemle.com;
clcs@msn.com; tennis70810@yahoo.com; mcg742000@yahoo.com;
bguste@wewill4u.com; clayhufft@yahoo.com; matthew.lenhart@enron.com;
clcsno@email.msn.com; rossberthelot@home.com; cbourge@home.com;
dehart81@hotmail.com; edgeconstruct@aol.com
Subject: Re: THE OFFICIAL SNOW REPORT!!!!!

Sorry Roby,
Let me make myself more clear for you to understand.

Yo my nigga, me and my ice are in for da ski ski in da Rocks! Me and my
boyz will be in full effect. Fill me in, on when we will be going to "C"
to the isa "O" to the iso and let me know how much bling bling I will
need. Cuz I got ho's in dat area code!

Naquin

--- COREY ROBICHEAUX <cjrob23@msn.com> wrote:
> Good call Ross, CjRob wants to know why also??
>
>
> >From: ross_berthelot@bankone.com
> >To: Scott Naquin <naquinscott@yahoo.com>
> >CC: Clint Eilbeck <ceilbeck@yahoo.com>, Myers Namie
> <clcs@email.msn.com>,
> >Myers Namie <myersnamie@yahoo.com>, Denis Naquin <denisnaq@home.com>,
>
> >Scott Naquin <scottnaquin@aol.com>, Tommy Porteous
> <tporteous@lemle.com>,
> >"'COREY ROBICHEAUX'" <cjrob23@msn.com>, Cypress Baton Rouge
> <clcs@msn.com>,
> >   Tanya Flynn <tennis70810@yahoo.com>, Mike Gooch
> <mcg742000@yahoo.com>,
> >Bernard Guste <bguste@wewill4u.com>, Clay Hufft <clayhufft@yahoo.com>,
>
> >Matt Lenhart <matthew.lenhart@enron.com>,   Cypress Litigation
> ><clcsno@email.msn.com>,   Ross Berthelot <ross_berthelot@bankone.com>,
>
> >Ross Berthelot <rossberthelot@home.com>, Chris Bourgeois
> ><cbourge@home.com>,   Scott Dehart <dehart81@hotmail.com>, don edgerton
>
> ><edgeconstruct@aol.com>
> >Subject: Re: THE OFFICIAL SNOW REPORT!!!!!
> >Date: Wed, 24 Oct 2001 09:27:11 -0500
> >
> >
> >Naq,
> >
> >why do you refer to yourself in the 3rd person? "Jimmy likes
> Elayne...Jimmy
> >thinks Elayne is allright....."
> >
> >
> >
> >
> >Ross F. Berthelot
> >Underwriter
> >Commercial Real Estate
> >Ph:   (225) 332-4252
> >Fax: (225) 332-3154
> >
> >
> >
> >
> >
> >
> >Scott Naquin <naquinscott@yahoo.com> on 10/24/2001 08:28:28 AM
> >
> >To:   Clint Eilbeck <ceilbeck@yahoo.com>, Myers Namie
> <clcs@email.msn.com>,
> >       Myers Namie <myersnamie@yahoo.com>, Denis Naquin
> ><denisnaq@home.com>,
> >       Scott Naquin <scottnaquin@aol.com>, Tommy Porteous
> >       <tporteous@lemle.com>, "'COREY ROBICHEAUX'" <cjrob23@msn.com>,
> >       Cypress Baton Rouge <clcs@msn.com>, Tanya Flynn
> >       <tennis70810@yahoo.com>, Mike Gooch <mcg742000@yahoo.com>,
> Bernard
> >       Guste <bguste@wewill4u.com>, Clay Hufft <clayhufft@yahoo.com>,
> Matt
> >       Lenhart <matthew.lenhart@enron.com>, Cypress Litigation
> >       <clcsno@email.msn.com>, Ross Berthelot
> <ross_berthelot@bankone.com>,
> >       Ross Berthelot <rossberthelot@home.com>, Chris Bourgeois
> >       <cbourge@home.com>, Scott Dehart <dehart81@hotmail.com>, don
> >edgerton
> >       <edgeconstruct@aol.com>
> >cc:
> >
> >Subject:  Re: THE OFFICIAL SNOW REPORT!!!!!
> >
> >
> >
> >Naquin is in if that is the actual deal..........Clint, did Malboro
> >promise you this deal if you would keep smoking?
> >Props on the last email by the way, that shit was good!
> >
> >Give me the details as to when we need the first wave of cash!
> >
> >Who is going without dates because I don't want to be stuck roasting
> >marsh-mellows and snuggling in front the fireplace!
> >
> >Naquin
> >
> >
> >
> >--- Clint Eilbeck <ceilbeck@yahoo.com> wrote:
> > > This is the Official Snowking Report for the Year
> > > 2002!
> > >
> > > How bout Keystone/Vail/Breckenridge/"Beaver" Creek all
> > > in one trip for the Amazing Price of $590.00. Yes,
> > > that is correct - No Bullshit.
> > >
> > > Listen Up-
> > > This includes round trip tickets from N.O. to Denver.
> > > 5 Days/4 Nights in a Condo in Keystone (Either 2 BR/2
> > > Bath or 3 BR/2 Bath w/ a fold out. Includes minivan,
> > > since Keystone is approximately 91 miles from the
> > > Denver Airport. Lift tickets for 4 Days at the
> > > locations mentioned above (Sorry, only 2 days out of 4
> > > can be at Vail or Beaver Creek.)
> > >
> > > Dates: Jan. 10 - 14th (Thurs.-Mon.)
> > >
> > > If you act now, they will also provide free snowjobs.
> > > They also said if you ride a Harley Sportster all the
> > > way from B.R.,they will just give the trip away. I
> > > asked about pets -Dogs have to sleep outside, Sorry.
> > >
> > > They have plenty of ski runs. One double black diamond
> > > goes through the nig part of town, I suggest going w/
> > > cjrob through this treacherous run and don't slow down
> > > on the flat areas. Another goes straight to Oz - we
> > > all know who will be hitting this green run in his
> > > Pink bib and jacket. They also have a married couple
> > > run, no further comments on this one. 00. I'll be on
> > > the bunny slopes checking out the MILF'S and the
> > > beginners. I hope to give a few lessons.
> > >
> > > Anyway, who has questions or comments?
> > >
> > > CE
> > > Don't forget your swim trunks!
> > >
> > >
> > > __________________________________________________
> > > Do You Yahoo!?
> > > Make a great connection at Yahoo! Personals.
> > > http://personals.yahoo.com
> >
> >
> >__________________________________________________
> >Do You Yahoo!?
> >Make a great connection at Yahoo! Personals.
> >http://personals.yahoo.com
> >
> >
> >
> >
> >
> >
> >This transmission may contain information that is privileged,
> confidential
> >and/or exempt from disclosure under applicable law. If you are not the
> >intended recipient, you are hereby notified that any disclosure,
> copying,
> >distribution, or use of the information contained herein (including any
>
> >reliance thereon) is STRICTLY PROHIBITED. If you received this
> transmission
> >in error, please immediately contact the sender and destroy the
> material in
> >its entirety, whether in electronic or hard copy format. Thank you.
> >
>
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at
> http://explorer.msn.com/intl.asp
>

__________________________________________________
Do You Yahoo!?
Make a great connection at Yahoo! Personals.
http://personals.yahoo.com


can you send jean a list of her seat numbers
---------------------- Forwarded by John Arnold/HOU/ECT on 04/25/2001 06:38
PM ---------------------------
From: Jean Mrha/ENRON@enronXgate on 04/18/2001 03:03 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Sixth Floor Layout

John,

I heard from Wes Colwell that you had been appointed by Lavorato to layout
the sixth floor for gas.  This morning I spoke to Wes regarding the placement
of the Upstream/Ecommerce desk on six.  I have taken 6 spaces but I need two
more.  The two I would like to use (e29 & e30) are currently being occupied
by the Central Region.  I would like to move these individuals to two spots
right across from their current location (e35 & e36).

For your information, the current six spots that I have are :  e17, e18, e21,
e22, e23 and e24.

Please call when you can.  Good luck trading...

Regards, Mrha


Thanks for taking care of it.  Love to room together.  See you Sunday.

	Peter deVroede <devroede@haas.berkeley.edu>
	10/19/2000 10:48 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Midterm retreat

Hey Jeff,

I signed you up as my roommate for the mid term retreat. I hadn't set
anything up with anyone else and when I went to the EMBA office to see
who was still open I noticed that you hadn't either. If in the mean
time, you have set something up with someone else, don't sweat it. They
said they could change it. I hope you haven't though because I think it
would be fun.

See you Sunday.

--
Peter deVroede
devroede@haas.berkeley.edu


stg adjusted means factoring in cost of carry and taxes
stg curve looks more realistic in market areas when you add basis on.

-----Original Message-----
From: Abramo, Caroline
Sent: Wednesday, October 17, 2001 9:50 PM
To: Arnold, John
Subject: RE: market

john- thank you.. what do you mean by storage adjusted prices?  and also comment on non-discretionary stg at peak times.. why in producing region?

-----Original Message-----
From: Arnold, John
Sent: Tue 10/16/2001 11:03 PM
To: Abramo, Caroline
Cc:
Subject: RE: market

Thanks.
Surprised your shorts are still so confident.  Trade shorts are quickly losing confidence based upon cash, shape of curve, and momentum.  I think curve flattens a little more and then comes down in parallel shift down.
1.  jan and feb are highest storage adjusted prices on curve.  For market area sales, add on basis and dec and march are next.  Question is whether there is enough non-discretionary stg to meet load at other times and in the producing region.  A lot of stg has to come out either for tariff or engineering reasons.  Million dollar question.
2.  Think Nov bidweek will be weak.  Don't know who baseload buyers are unless trade gets bullish.  Nov is a relatively flat month as far as injections.  stg operators dont have room to buy baseload gas and I think utilities will be planning to meet load using stg.  At current prices, producers apply more pressure to wells, lng doesnt get diverted again, lose some load to resid, lose any momentum of industrial load coming back.  Dont think gas market can handle that.
3.  No clue.

-----Original Message-----
From: Abramo, Caroline
Sent: Tue 10/16/2001 10:21 PM
To: Arnold, John
Cc:
Subject: market

awesome call on cash.. it does not get any better than that.. you picked the bottom-  i am getting it slowly.. lots of calls today from people i do not speak to every day.. not too much panic from guys who are short.. most looking to put more on.. selling dec01 outright or buying gas daily puts on dec and jan... except pulaski  who pared down dec01 short with us from 4000 to 1000.. do not think he's got on alot elsewhere.  no one has anything on longer dated.. no one can figure out economy...

questions:
1. why would any of the discretionary storage operators withdraw gas in the winter based on the current curve?
2. where do you think index gets set this month? i am thinking that utilities will overestimate loads for Nov01 and buy more during bidweek.. index gets set high and depending on Nov weather.. it could come back onto the market weakening cash again..
3. do you have a view on eastern power for the winter? i do not understand the market drivers in the winter.

thanks very much,
c


If possible, please forward these MTM values to me by the end of the day.  I'd like to get back together for a short meeting tomorrow to discuss the values and make plans for next steps.  Tina Holcombe will send out an email for meeting time later today.  Thanks.

Carl Tricoli

 -----Original Message-----
From: 	Tricoli, Carl
Sent:	Friday, January 18, 2002 2:08 PM
To:	Gossett, Jeffrey C.; White, Stacey W.; Reeves, Kathy; Vinson, Donald Wayne; Bruce, Michelle; Denton, Rhonda L.; Mills, Scott
Cc:	Racicot, Paul; Miller, Don (Asset Mktg); Murphy, Harlan; Tweed, Sheila; Sager, Elizabeth; Luong, Steven; Irani, Eric
Subject:	FW: TXU Contract Termination Dates

I am forwarding Harlan's schedule of termination dates for TXU.  Please calculate our MTM values on those dates as soon as you can, and forward them to me.  Thank you.
 -----Original Message-----
From: 	Murphy, Harlan
Sent:	Thursday, January 17, 2002 5:37 PM
To:	Tricoli, Carl; Reeves, Leslie; Murphy, Melissa
Subject:	TXU Contract Termination Dates

Give me a call if you have any questions.  I guess the next step is to clean up a few items on the attached spread sheet and then assign a value to each contract.  We need to come up with a plan for factoring in LDs with the MTM exposure.

 << File: TXU Default Log.xls >>


Greg,

These are proposed bonuses:

Managers:

Superior

1. Ravi Thuraisingham  40K
2. Ronnie Chahal   40K
3. Amitava  Dhar   40K

Excellent

1. Osman Sezgen   35K
2. Tanya Tamarchenko  35K
3. Joe Hrgovcic   30K
4. Vincent Tang   30K

Directors:

Superior

1. Mike Roberts   100K
2. Krishnarao Pinnamaneni  60K

Excellent

1. Zimin Lu   50K
2. Maureen Raymond  40K

Assistants:

1. Shirley Crenshaw   6K
2. Robert Moore   5K

You already have the VP numbers.

Vince


Jim,

Thanks for your patience.
Greg is quite busy right now.
I saw him this morning and  told
him that I would like to schedule
a separate meeting to discuss your proposal.
Hopefully, this will happen later this week.

I am forwarding your request to Jay Webb
who is in charge of the EOL system.

I shall let you know as soon as I can
if we can give you a visitor account.

Vince

 -----Original Message-----
From: 	rjn@predict.com@ENRON   On Behalf Of Jim Nusbaum <rjn@predict.com>
Sent:	Tuesday, October 30, 2001 12:14 PM
To:	Kaminski, Vince J
Subject:	request

Sure you are busy.  Sorry about the troubles.

Would it be possible for us to get a read-only account for Enron Online
so that we can monitor things?

--
Jim Nusbaum             rjn@predict.com
Chief Technology Officer
Prediction Company
phone: 505-984-3123     fax: 505-983-0571


"Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com> writes to the
NYISO_TECH_EXCHANGE Discussion List:

There are still no answers to the questions (below).

In addition to this I am curious that when the NYISO requests generation for
ISO security it is only Transmission Owner generation that is dispatched,
undoubtedly avoiding merchant generation from being dispatched. I was
wondering where the tariff language is to justify this type of out-of-merit
generation dispatch.

05-Dec-2000 16:23:41 ISO REQUESTS GILBOA___4 OUT OF MERIT FOR ISO SECURITY.
AT 16:30 12/05/00
05-Dec-2000 16:27:45 ISO REQUESTS GILBOA___4 OUT OF MERIT FOR ISO SECURITY.
AT 16:30 12/05/00
05-Dec-2000 16:32:45 12/05/2000 16:31:54 NYISO SCD reserve pick-up remains
active.
05-Dec-2000 16:34:24 12/05/2000 16:21:49 NYISO SCD reserve pick-up executed.

05-Dec-2000 16:49:37 ISO REQUESTS GILBOA___4 OUT OF MERIT FOR ISO SECURITY.
AT 17:00 12/05/00
05-Dec-2000 17:00:17 12/05/2000 16:58:49 NYISO SCD reserve pick-up executed.

05-Dec-2000 17:21:20 TP-CH REQUESTS ROSETON___2 OUT OF MERIT FOR ISO
SECURITY. AT 17:04 12/05/00
05-Dec-2000 17:21:41 ISO REQUESTS ROSETON___2 OUT OF MERIT FOR ISO SECURITY.
AT 17:04 12/05/00
05-Dec-2000 17:21:55 ISO REQUESTS POLETTI____ OUT OF MERIT FOR ISO SECURITY.
AT 17:05 12/05/00

What deficiencies are there in the SCD software that it cannot handle load
pickups?
What is an NYISO SCD reserve pickup, and how does it affect generation from
setting clearing prices?

Why do these questions go unanswered, if there is tariff language to support
this please point me in the right direction.

----------------------------------------------------------------------------
----------------------------------------------------------------------------
---------------------------------------------------------

I have a question or two with regard to the following "Operational
Announcements" (Below). These are a few examples of many that are requests
for generation being requested out-of-merit by the NYISO for NYISO security.

In my limited understanding of the way SCD works I had thought that the only
reason the ISO or a Transmission Owner would request generation out-of-merit
is to resolve for a constraint or system condition that SCD could not (set
me straight if I am off-base).
Requesting generation out-of-merit to resolve for system security is an
effective method of quickly resolving for an out-of-scope SCD system problem
and by definition will not set clearing price.

1. What are the rules and procedures in place to request generation
out-of-merit both for local (Transmission Owner) and ISO request.
2. What other control actions have to be exhausted prior to initiating a
request for generation to be called on out-of-merit.
3. Are the generation bids available to the requestor(s) prior to making the
request. (Is economics a consideration?)
4. When load is available to be dispatched, will it be considered as a
control action instead of generation?
5. Is generation called on out-of-merit to resolve for DNI constraints.
6. In particular for Gilboa it was my understanding that prior to requesting
additional generation from Gilboa that an emergency was to take place. Is
there another agreement in place between the NYISO and NYPA. Below is an
excerpt from the ICAP manual.

4.4.2 Energy Limited Resources

Energy Limited Resources that are ICAP suppliers must be able to provide the
Energy equivalent of their claimed ICAP for four (4) hours each day. Energy
Limited Resources must bid or schedule in the Day-Ahead Market for
twenty-four (24) hours each day in such a way as to enable the NYISO to
schedule them for the period in which they are capable of providing the
energy.
An Energy Limited Resource must also provide the NYISO with information
concerning the hours during which it will be recharging or replacing
depleted
resources. Once the resource has provided four hours of Energy equivalent
ICAP, the NYISO will not call on an Energy Limited Resource during its
recharge
hours, except in the case of an emergency.


saints suck.  tigers play the louisiana school for the deaf.  you wont miss
anything.  i thought you were a 49ers fan?

To: Chad Landry/HOU/ECT@ECT@ENRON
cc: "Nicholas A. Danna" <Nicholas.Danna@ey.com> @ ENRON,
jpelti@lsumc.edu@ENRON, val.generes@ac.com@ENRON, sdarrah@entergy.com@ENRON,
Aschott1976@cs.com@ENRON, Timothy_Blanchard@enron.com@ENRON,
bcambr@lsumc.edu@ENRON, tdietz@allstate.com@ENRON,
Chad.Landry@enron.com@ENRON, Matthew.Lenhart@enron.com@ENRON,
MMMarcantel@equiva.com@ENRON, Fiji4x4@aol.com@ENRON,
maziarz@bellsouth.net@ENRON, lcentol@lsu.edu

Subject: Re: Stick to 8/25-8/27

No way.  Labor Day=Tigers opener + Saints opener.  Stick to the 25th.

Chad Landry@ECT
06/02/2000 08:36 AM
To: "Nicholas A. Danna" <Nicholas.Danna@ey.com> @ ENRON
cc: jpelti@lsumc.edu@ENRON, val.generes@ac.com@ENRON,
sdarrah@entergy.com@ENRON, Aschott1976@cs.com@ENRON,
Timothy_Blanchard@enron.com@ENRON, bcambr@lsumc.edu@ENRON,
tdietz@allstate.com@ENRON, Chad.Landry@enron.com@ENRON,
Matthew.Lenhart@enron.com@ENRON, MMMarcantel@equiva.com@ENRON,
Fiji4x4@aol.com@ENRON, maziarz@bellsouth.net@ENRON
Subject: Re: Not 8/25-8/27

Labor day is the best b/c we have a day to recoup.

CKL


Williams Announces Major Expansion of Kern River Pipeline

SALT LAKE CITY--(BUSINESS WIRE)--March 22, 2001--A unit of Williams (NYSE:
WMB - news) Thursday announced an expansion project on its Kern River
pipeline that will more than double the amount of natural gas transported on
the 926-mile pipeline system.

The 2003 Kern River Expansion Project will provide 900 million cubic feet
per day of additional transportation capacity from Wyoming to California by
May of 2003.

Last November, Williams held an open season to determine the level of
interest from shippers for additional transportation capacity from Rocky
Mountain basins to markets in Utah, Nevada, and California.

``We knew the demand was strong, however the response was even greater than
we anticipated. There is a tremendous demand for natural gas to fuel new
electric generation facilities in California and Nevada.

``This expansion provides shippers with an economically attractive
opportunity to secure additional firm year-round transportation,'' said Kirk
Morgan, director of business development for Kern River.

The more than $1 billion expansion project will loop approximately 700 miles
of the existing Kern River pipeline system. Williams plans to file an
application with the Federal Energy Regulatory Commission (FERC) in June.
All project issues -- including facility design, environmental studies,
rates and tariff provisions -- will be subject to review and approval by the
FERC.

Williams must also secure the necessary environmental and regulatory
approvals, and negotiate rights of way.

Last week, Williams filed a California Emergency Action application with the
FERC to install and operate emergency facilities on Kern River that would
increase capacity by approximately 19 percent over the current 700 million
cubic feet per day.

The $81 million emergency expansion project would add 135 million cubic feet
per day of firm transportation service into California by July 1, 2001, to
help meet the urgent need for additional energy this summer.

In November of 2000, Williams filed an application with the FERC for its
first expansion on Kern River, the 2002 California Expansion Project. The
application proposes the installation of compression to provide an
additional 124 million cubic feet per day of firm transportation service.

This $80 million project is targeted for completion by May 1, 2002 and
largely relies upon facilities previously installed as part of the pending
California Emergency Action expansion project.

``Shippers are seeking more access to natural gas from Rocky Mountain
basins, where producers are aggressively stepping up production. Kern River
is in the right place at the right time to help bring that production to
market,'' said Morgan.

Williams' gas pipeline unit is based in Houston and has offices in Salt Lake
City and Owensboro, Ky. Together, its five interstate natural gas pipelines
are among the nation's largest-volume transporters of natural gas,
delivering approximately 16 percent of the natural gas consumed in the
United States.

Williams' 27,300-mile pipeline network stretches from coast to coast with
access to every major supply basin in the country. The gas pipeline unit's
Kern River Gas Transmission delivers Rocky Mountain and Canadian natural gas
to markets in California, Nevada, and Utah. The system has a design capacity
of 700 million cubic feet per day.

About Williams

Williams, through its subsidiaries, connects businesses to energy and
communications. The company delivers innovative, reliable products and
services through its extensive networks of energy-distributing pipelines and
high-speed fiber-optic cables. Williams' information is available at
www.williams.com.

Portions of this document may constitute ``forward-looking statements'' as
defined by federal law. Although the company believesany such statements are
based on reasonable assumptions, there is no assurance that actual outcomes
will not be materially different. Any such statements are made in reliance
on the ``safe harbor'' protections provided under the Private Securities
Reform Act of 1995.

Additional information about issues that could lead to material changes in
performance is contained in the company's annual reports filed with the
Securities and Exchange Commission.


Greg,

I plugged the data on Colonial Oaks into your format.  The actual NOI for 2001 is around 305,000.  But there is not a professional management company.  Subtracting $25,000 for management costs the NOI would be $280,000.  However, I increased the taxes and a few other expenses to bring total expenses up to $3,000/unit.  This would yield an NOI of $240,000.  Comparing the rents charged to the other 17 properties, it doesn't look like the rents have a great deal of upside.

The asking price is $2,700,000.  Using $240,000 would make this an 8.9 cap.  Using the seller's NOI of $280,000 would be a 10.4 cap.  The cost per unit is $33,750 for a 1969 project.  The cost per square foot is 36.58.

The numbers would be better if the property was offered at $2.5 million.  Jeff Smith claims that $2.7 million is as low as the seller will go.  This property has not been on the market.  So I would like your input of what the market would pay for it.  If $280,000 is a reasonable NOI, then I would thing it would be sold fairly quickly for $2.7 million.  It does have the benefit of all brick exterior and elderly tenants.  Plus the location is by far the most convenient.

Financing is the other consideration.  I am assuming 25 year, 7%,  and 25% down.  What do you think could actually be achieved?  Can you put me in contact with a lender?

I will follow up with a phone call.

Thanks,

Phillip


Roger, I've left a message for Chuck. Jim

 -----Original Message-----
From: 	"Roger Greenberg" <RGreenberg@gpsolaw.com>@ENRON [mailto:IMCEANOTES-+22Roger+20Greenberg+22+20+3CRGreenberg+40gpsolaw+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 07, 2001 11:54 AM
To:	Derrick Jr., James
Subject:	thank you

jim,  thankyou most graciously for the help.  i share your philosophy that you "try to support the lawyers in our community."  i feel i too give that support through my active presence as a member of the boards/executive committees of the federal bar association, south texas chapter (vice president), american inns of court, garland walker inn (secretary), american bar association, section of litigation (co-chair of cle)  and of course the ut law school executive committee.

we would like to contact chuck cheek as well (we do have an oil and gas practice) and i would appreciate your giving him a "heads up" that jerry swonke or i will contact him.   thanks.    best regards,  roger