---------------------- Forwarded by Ginger Dernehl/HOU/EES on 10/11/99 01:01
PM ---------------------------

Allison Navin@ENRON
10/11/99 10:59 AM

To: Ginger Dernehl/HOU/EES@EES
cc:
Subject: Update on Electricity Restructuring Legislation

Ginger - please forward to the folks in Rick's group.  Many thanks.

Here's an update on the recent developments on electricity restructuring
legislation in the House and Senate.  Two legislative mark-up vehicles have
been unveiled, HR 2944 and a Senate bill sponsored by Senator Murkowski that
has yet to be formally introduced.  On Tuesday and Wednesday of last week,
the Energy and Power subcommittee held the legislative hearings on
Congressman Barton's bill, HR 2944.  Betsy Moler testified on behalf of AAE
and her testimony is attached, along with a one page summary, and a copy of
our proposed amendment submitted to the subcommittee.  We support the Barton
bill, if and ONLY if, this amendment is incorporated.  Currently, the outlook
is very positive that the amendment will be adopted and the legislation will
move forward for full House consideration.  We need your support to contact
state advocates in order to get them to support this amendment.

The second piece of electricity legislation was released last Thursday and
the draft legislative language is attached.

We feel very positive that we can pass electricity legislation this Congress
(ie. next year).   We see the critical pitfall as subcommittee action, but
remain confident that enactment is possible.  We will be sure to keep you
updated on any developments as they occur and appreciate your continued hard
work in the states to help push federal legislation.

Thanks.


In an effort to continually improve the overall quality of the
Analyst/Associate Programs, the Program Management would appreciate your
feedback on the current state of the programs.  In order to insure
confidentiality, Executive Leadership Associates has been engaged to receive
your feedback and summarize it for the Program Management.

Please reply to this email with your answers to the questions below no later
than Friday, July 20, 2001 to insure your views are included in the summary
of survey data.

If you have any questions or technical difficulties regarding the survey,
either email me at ramabile@execlead.com or call:

Dick Amabile at Executive Leadership Associates, (281) 361-3691.

1. Please place an X to the right of the category that best describes your
role.  Please check all that apply.
"Are you?"
-A business unit supervisor/manager:
-A PRC Representative:
-An HR Representative:

2. Please put an X to the right of the item that best reflects your level of
overall agreement with this statement.

"Overall, the Analyst/Associate Programs meet my business needs":

Strongly Agree ---
Agree ---
Partly Agree/Partly Disagree ---
Disagree ---
Strongly Disagree ---

3. If you could improve one thing related to the Analyst/Associate Program,
what would it be? (Please try to focus on the one key area with a concise
reply)
Type your response here:


Thanks, Mark!

To: Paul Simons/LON/ECT@ECT
cc:

Subject: Re: EnronCredit/Deutsche Bank

I certainly haven't seen anything and there is nothing in our database - you
might check with Shari Stack (I'm in Portland until Wed.).

Paul Simons
03/06/2000 10:37 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: EnronCredit/Deutsche Bank

Mark

Hope all's well.

Has a collateral document shown up in Houston from Deutsche in connection
with trading credit with them? Thanks

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 06/03/2000 16:32
---------------------------

Bryan Seyfried
29/02/2000 09:26
To: Edmund Cooper/LON/ECT@ECT, Paul Simons/LON/ECT@ECT
cc:

Subject: EnronCredit/Deutsche Bank

Where do we stand on this?
---------------------- Forwarded by Bryan Seyfried/LON/ECT on 29/02/2000
09:27 ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  John_Wake@JLTGroup.Com                           29/02/2000 09:25

To: Bryan.Seyfried@enron.com
cc:

Subject: EnronCredit/Deutsche Bank

Brian - DB is keen to open a discussion re credit enhancement, but has not
received any feedback on the proposed Confidentiality Letter, which was sent
to Paul Simons. Please could you chase it up.

John Wake
JLT Risk Solutions Ltd.
Tel: +44 20 7558 3756
Fax: +44 20 7528 4500
Mobile: +44 385 735164
email: john_wake@jltgroup.com

********************************************************
JLT Risk Solutions Ltd
6 Crutched Friars, London EC3N 2PH. Co Reg No 1536540
Tel: (44) (0)20 7528 4000   Fax: (44) (0)20 7528 4500
www.jltgroup.com
--------------------------------------------------------
The contents of this e-mail as received may not be a
complete or accurate version of that sent. If you
consider that the contents are material to the formation
of a contract or you are otherwise relying upon its
accuracy, you may wish to request a copy be sent by
facsimile or normal mail. The information in this e-mail
is confidential and may be privileged. If you are not
the intended recipient, please destroy this e-mail and
notify the sender immediately - you should not retain,
copy, distribute or use this e-mail for any purpose, nor
disclose any of its contents to any other person.
********************************************************


Put this in my binder and tell him to start sending it to you.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/18/2000
09:07 AM ---------------------------

Gary Stadler@ECT
07/17/2000 06:49 PM
To: Sally Beck/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT,
Ted Murphy/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, John
Sherriff/LON/ECT@ECT
cc: Shona Wilson/NA/Enron@Enron, Michael E Moscoso/HOU/ECT@ECT, Kate
Agnew/AA/Corp/Enron@ENRON, Vladimir Gorny/HOU/ECT@ECT, Bjorn
Hagelmann/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Rebecca Phillips/HOU/ECT@ECT,
Frank Hayden/Corp/Enron@Enron

Subject: June Curve Validation Memorandum

Attached is June's Curve Validation memorandum.  Please do not hesitate to
call if you have any questions.

Gary
X35502


I hope we can do more than meet, if possible, let me buy you dinner!

	Matthew Dawson
	03/22/2001 01:24 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: BNP Paribas Guaranty

Thanks Tana- Im coming to Houston in may- hope we can meet!!!!!!!!!


names for software addition of Hear Me

Fletch Sturm
Andy Lewis
Robin Menear
Patrice Thurston
Kevin Ruscitti
Geoff Storey
Sylvia Pollan
Martin Cuilla
Kelli Stevens
Tom Donohoe
Joe Parks


Sorry about all these - it looks like people who don't know my address are
just guessing and they get you instead.  I'd appreciate it if you could
forward them on to me when they come to you - I'll let the sendersknow the
correct address as I get them and hopefully that should cut down the number
going forward.

Mark

From: Mitch Taylor AT ENRON_DEVELOPMENT@CCMAIL on 08/03/99 10:50 PM
To: Mark - ECT Legal Taylor@ECT
cc:
Subject: Master Agreement Structural Issues Working Group - Minutes

Do I need to continue to forward these to you, or are you already receiving
them?

Mitch
---------------------- Forwarded by Mitch Taylor/ENRON_DEVELOPMENT on
08/03/99 03:50 PM ---------------------------

Corrinne Greasley <CGREASLEY@isda.org> on 08/03/99 03:52:42 PM

To:   "'gabriel@ms.com'" <gabriel@ms.com>, "'fcaputo@bci.it'"
<fcaputo@bci.it>, "'Joseph.Carrico@ib.bankgesellschaft.de'"
<Joseph.Carrico@ib.bankgesellschaft.de>, "'Ernst.Decker@BHF-BANK.com'"
<Ernst.Decker@BHF-BANK.com>, "'beat.gabanthuler@zkb.com'"
<beat.gabanthuler@zkb.com>, "'harvey@sbcm.com'" <harvey@sbcm.com>,
"'lewis_david@jpmorgan.com'" <lewis_david@jpmorgan.com>,
"'fnolan@lehman.com'" <fnolan@lehman.com>, "'charles.ross-stewart@wdr.com'"
<charles.ross-stewart@wdr.com>, "'mtaylor@ect.enron.com'"
<mtaylor@ect.enron.com>, "'ravi.tennekoon@uk.abnamro.com'"
<ravi.tennekoon@uk.abnamro.com>, "'david.wysoki@barcap.com'"
<david.wysoki@barcap.com>, David Benton <bentond@allenovery.com>, Jeff Golden
<goldenj@allenovery.com>,
"'tredgetd@allenovery.com'" <tredgetd@allenovery.com>
cc:   Robert Pickel <RPICKEL@isda.org>, Susan Hinko <SHINKO@isda.org>, Alex
Hunt <AHUNT@isda.org>, Barbara Hanlon <BHANLON@isda.org> (bcc: Mitch
Taylor/ENRON_DEVELOPMENT)

Subject:  Master Agreement Structural Issues Working Group - Minutes

Master Agreement Structural Issues Working Group Members:

Attached please find the minutes from the Master Agreement Structural Issues
Working Group meeting which was held on July 20th.  Also attached is a file
(mastlist.doc) which contains a list of participants in this working group
and a list of all the participants involved in the four working groups of the
Strategic Documentation Review Project.

The next meeting will be held on August 12, 1999 at 9:30 am New York time
(2:30pm London time).  Please contact Barbara Hanlon on 212 332 1200 or by
e-mail at bhanlon@isda.org, to confirm your availability to attend.

Best regards,
Bob Pickel

<<July 20th Meeting Minutes.doc>>               <<mastlist.doc>>

 - July 20th Meeting Minutes.doc - mastlist.doc


e-mail sent on 10/22/01 by Sharron

e-mail sent 10/31/01


Enron Europe Says PricewaterhouseCoopers Chosen Administrator
Bloomberg, 11/29/01

Enron's Derivatives Debt Doesn't Reveal Market Risk, NYT Says
Bloomberg, 11/29/01

Enron's Board Was Compromised by Financial Ties (Update1)
Bloomberg, 11/29/01

Enron's Indian Lenders May Take Over Power Project (Update2)
Bloomberg, 11/29/01

Enron Bankruptcy Would Be Largest Chapter 11 Filing (Update1)
Bloomberg, 11/29/01

Enron's Derivatives Debt Doesn't Reveal Market Risk, NYT Says
Bloomberg, 11/29/01

Powergen Says Exposure to Enron in U.S., U.K. `Not Material'
Bloomberg, 11/29/01

Enron's Collapse Evokes Memories of Old-Time Bank Run, NYT Says
Bloomberg, 11/29/001

RWE Says Open Positions With Enron `Much Less' Than EU10 Mln
Bloomberg, 11/29/01

Enron Soared on Innovation, Fell as Debt Scared Away Investors
Bloomberg, 11/29/01

Centrica May Have to Write off $43 Mln If Enron Fails (Update1)
Bloomberg, 11/29/01

Enron Evaluating Whether to Pay Quarterly Dividend (Update1)
Bloomberg, 11/29/01

Enron Europe Says PricewaterhouseCoopers Chosen Administrator
2001-11-29 09:08 (New York)

     London, Nov. 29 (Bloomberg) -- Enron Corp.'s European
division said PricewaterhouseCoopers has been appointed
administrator for much of its business.
     Teesside, a power plant jointly owned with Innogy Plc, Enron
Direct and some other activities are not part of the U.S.
accounting firm's area of oversight, said Enron Europe spokesman
Alex Parson.

Enron's Derivatives Debt Doesn't Reveal Market Risk, NYT Says
2001-11-29 07:32 (New York)

     Houston, Nov. 29 (Bloomberg) -- Enron Corp.'s derivatives
trading liabilities at the end of September were $18.7 billion,
although nobody is sure just how much money the energy-related
derivatives markets will have at risk if Enron fails, the New York
Times reported.

     While these liabilities, the amount of money it would owe to
other market players if it filed for bankruptcy, were up
``slightly'' from June levels, they are about $1.3 billion less
than at the end of last year, the paper said.

     The numbers don't take into account the unknown amount of
collateral that Enron may have posted, the paper said, citing
Swaps Monitor President Paul Spraos. The collateral should, in
principle, diminish Enron's actual liabilities, he said.

     In an energy swap, a company enters into a contract to lock
in a fixed price of a certain commodity, like natural gas or
electricity. The other company assumes the risk of future price
changes and quotes a fixed price that includes its own profit.

(NYT 11-29 C7)

For the Web site of The New York Times, see {NYTI <GO>}.

Enron's Board Was Compromised by Financial Ties (Update1)
2001-11-29 08:10 (New York)

Enron's Board Was Compromised by Financial Ties (Update1)

     (Updates sixth paragraph with details on cash crunch; adds
details of how credit ratings were cut.)

     New York, Nov. 29 (Bloomberg) -- Enron Corp. plunged from the
largest energy trader to the verge of bankruptcy under a board of
directors whose independence was undercut by financial ties to
management, according to corporate governance experts.

     Enron gave seven of its 14 directors consulting contracts,
sales to their business or donations to their non-profit
institutions, according to company and public records. The
recipients include three members of Enron's audit committee, which
is responsible for financial oversight.

     Lord John Wakeham, for example, a former leader of the
British House of Commons, sits on the audit committee. Enron gave
him a $72,000-a-year consulting contract. John Mendelsohn,
president of the MD Anderson Cancer Center in Houston, is also on
the audit committee. In the last five years Enron and its chairman
Kenneth Lay have donated $567,900 to the cancer center.

     ``To get on a board you have to be `clubbable,' but this
looks like collegiality turning to cronyism,'' said Allan
Cleveland, counsel to the New Hampshire Retirement System, an
Enron shareholder.

     Enron, based in Houston, Texas handled almost a quarter of
all natural gas and electricity trades. During the past seven
weeks, its board has presided over a $26 billion drop in market
value that began after the company wrote down $1.2 billion in
shareholder equity and reported it had overstated earnings by $586
million since 1997.

     As Enron's shares fell, the company suffered a cash crunch.
It sought an infusion of capital and agreed to be acquired by
Dynegy Inc., a Houston-based rival. That plan collapsed yesterday
as investors balked at investing $1.5 billion, prompting Dynegy to
withdraw its offer. Enron shares closed at 61 cents.

                          Responsibility

     Corporate boards are responsible for protecting shareholder
interests by reviewing the work of top executives. To accomplish
that, two-thirds of a board should be ``independent'' from
management, according to the Council of Institutional Investors,
which represents pension funds.

    The council defines an independent director as ``a person
whose directorship constitutes his or her only connection to the
corporation.''

     ``Consulting contracts, donations to non-profit organizations
linked to directors, this eats away at independence,'' said Ann
Yergen, the council's director of research.

     Corporate governance standards established by the New York
and NASDAQ Stock Exchanges say all audit committee members should
be independent.

    Enron board members, including Wakeham and Mendelsohn,
declined repeated requests for interviews. Vance Meyer, a company
spokesman, said Enron could not immediately respond to questions
regarding the board.

                           Compensation

     Enron's board met nine times in 2000 with each member
receiving annual compensation of $79,000 in cash and stock. Every
member attended at least 75 percent of the meetings, except Ronnie
Chan, chief executive of the Hang Lung Group, a Hong Kong
development business, according to company filings.

     Based on Enron proxy statements and other documents, the
following relationships existed between Enron and board members:
     -- Herbert S. Winokur Jr., 57, is the managing partner of
Capricorn Investors L.P., a holding company that owns the Natco
Group Inc., a maker of oil and gas production equipment. An Enron
board member since 1985, Winokur serves on the executive
committee, chairs the finance committee and was appointed to a
special committee created to look into how Enron was managed.

     In 2000, Natco had $370,294 in sales to Enron subsidiaries,
or about 1.6 percent of Natco's total sales.

                          `Compromising'

     ``We think that anything over 1 percent is compromising,''
said Yergen of the Council of Institutional Investors.

     Enron said in a proxy statement it believes the terms of the
sales were ``no less favorable than the terms of similar
arrangements with third parties.''

     -- Robert A. Belfer, 65, has been on the board since 1983 and
sits on the executive committee. He is Enron's largest individual
shareholder with 8.5 million shares, and is chairman and chief
executive of Belco Oil & Gas Corp., which operates from an office
overlooking New York's Central Park. In 2000, Belco had $32
million in trade settlements and $1 million in option premiums
with Enron Trade Resources Corp., an Enron subsidiary.

    -- John Urquhart, 72, a former General Electric Co. executive,
sat on the board until last May. He received an annual consulting
fee from Enron of almost $200,000 a year as a special adviser to
the Enron chairman.

    -- Mendelsohn, 64, is a physician who was formerly head of
medicine at Memorial Sloan-Kettering Cancer Center in New York. He
pioneered research in controlling cancer through the chemistry of
a tumor's growth and was on President George W. Bush's short list
to head the National Institutes of Health. Since 1996, Mendelsohn
has been president of the MD Anderson Cancer Center, part of the
University of Texas health system.

                             Donations

     Mendelsohn joined Enron's board in 1999. Enron has donated
$221,650 to the cancer center. Lay and a foundation he established
with his wife, the Linda and Ken Lay Family Foundation, have
donated $346,250 in the last five years. The Enron Foundation
pledged $1.5 million for a new clinic.

    -- Charles LeMaistre, 77, headed the Andersen Cancer Center
for 18 years until retiring in 1996. He has been an Enron board
member for 16 years, is a member of the executive committee and
chairs the compensation committee. That panel awarded Lay a $20
million-a-year severance package that he renounced two weeks ago.

     -- Wendy Gramm, 56, has held positions at the Federal Trade
Commission and the U.S. Office of Management and Budget and was
chairman of the U.S. Commodity Futures Trading Commission. She is
director of regulatory studies at the Mercatus Center of George
Mason University in Fairfax, Virginia. She is married to Texas
Republican Senator Phil Gramm.

     In the last three years, Enron and the Ken and Linda Lay
Family Foundation have donated more than $50,000 to the university
and the Mercatus Center, according to university records.

                          Consulting Fee

     -- Wakeham, 68, a charted accountant and self-made
millionaire, became a force in the government of former U.K. Prime
Minister Margaret Thatcher where he was known as her ``Mr. Fix-
it.''  He was the target of an Irish Republican Army bomb in 1984
that killed his wife and left him buried under rubble for seven
hours.

     Enron pays Wakeham $6,000 a month to advise the company on
European business.

     Enron's audit committee poses particular problems, according
to corporate governance experts. The committee is composed of
Wakeham, Mendelsohn, Gramm, Chan, Robert Jaedicke, a retired
Stanford University Business School dean, and Paulo Ferraz
Pereira, a Brazilian banker.

     Wakeham, Gramm and Mendelsohn are not independent, according
to corporate governance experts and standards.

     ``For the audit committee, you don't even want the appearance
of a conflict,'' said Charles Drott, a forensic accountant who has
testified as an expert witness in bankruptcy and business fraud
cases involving companies such as DeLorean Motor Co. and Lincoln
Savings and Loan Association.

     The committee is spread across the globe, with Wakeham in
London, Ferraz in Rio de Janeiro and Chan in Hong Kong.

     ``The question is why this committee?'' Drott asked. ``For a
big sophisticated company like Enron, why did they choose these
people?''

                           Swift Descent

      Enron's rapid decline -- Standard & Poor's Corp. slashed its
credit rating eight levels this month to junk status -- centered
on its dealings with partnerships the company used to move assets
and debt off the company's books. Many investors had complained
Enron's financial reports obscured the partnerships' businesses to
the point they were impossible to understand. Enron's former Chief
Financial Officer Andrew Fastow led some of the partnerships and
earned more than $30 million through their dealings with Enron,
the company disclosed.

     Enron documents filed with the U.S. Securities and Exchange
Commission state that the board determined that Fastow's
participation in the partnerships would ``not adversely affect the
interests of Enron.'' The documents also say the board approved
all transactions involving partnerships that were brought to it by
Lay and other Enron executives.

     ``What went wrong at Enron?'' said Patrick McGurn, a vice
president at Institutional Investor Services, which evaluates
board candidates for institutional investors. ``A lot of it goes
back to the board.''

Enron's Indian Lenders May Take Over Power Project (Update2)
2001-11-29 08:32 (New York)

Enron's Indian Lenders May Take Over Power Project (Update2)

     (Adds comment from IDBI managing director in ninth paragraph,
legal details starting in seventh paragraph.)

     Mumbai, Nov. 29 (Bloomberg) -- Enron Corp.'s Indian lenders
may take over its $3 billion power venture to salvage loans of $2
billion if the energy trader files for bankruptcy in the U.S.

     Enron may be forced into the biggest Chapter 11
reorganization in history after Dynegy Inc. walked away from a
rescue. Rating agencies cut most of Enron's $15 billion of debt to
junk status, and its shares are almost worthless.

     India's Dabhol Power Co., one of Enron's biggest Asian gas
and power units, has been mired in accusations of bribery and
exorbitant power tariffs.

     ``Lenders will have to take control of the project,'' said
Madhav Godbole, who headed a panel set up to resolve a payment
dispute between Dabhol Power, Enron's India unit, and the
Maharashtra State Electricity Board, its sole customer. ``Buyers
(for Dabhol) will have to negotiate with the lenders.''

     Enron, which is owed $64 million for bills that are more than
10 months overdue, wants $1 billion for its 65 percent stake in
Dabhol as it exits India. Tata Power Ltd. and BSES Ltd., the two
bidders for Enron's stake, have said the price is too high. Both
supply power to Mumbai, India's commercial capital.

     The Industrial Development Bank of India, the country's
biggest lender, and the State Bank of India are among local
lenders that loaned $1.4 billion to Dabhol. They have the most at
stake if the loans turn bad. The $600 million lent by ABN Amro,
Bank of America Corp. and other overseas banks is covered by
government guarantees, while Indian bank loans are not.

                        Cancellation Notice

     Enron on May 19 issued a six-month notice canceling power
sales to the electricity board. The deadline lapsed on Nov. 19 as
the Mumbai High Court early this month stopped Dabhol from serving
the final termination notice until Dec. 3.

     The court's move was in response to a suit filed by Indian
lenders against Dabhol to prevent it from canceling the contract.
They were concerned the loss-making electricity board will be
forced to buy the power plant, making loan recovery difficult.

     ``The matter has become extremely interesting (for India) in
the context of Dynegy pulling out,'' IDBI chairman P.P. Vora told
reporters at the lenders' earnings meet. ``I can't say more as the
matter is in the court.''

     IDBI alone has lent Dabhol $400 million.

     Indian lenders won't attend a Dabhol board meeting or a
summit of creditors, both of which are to be held in London
tomorrow, Vora said, without giving any reason. Dabhol's board is
meeting to authorize K. Wade Cline, managing director, to serve
the termination notice.

                             Discount?

     Enron's stake in Dabhol may now be worth much less than the
$1 billion it is seeking. Still, potential buyers may find it hard
to raise the money they will need to finish work on the plant.

     Construction contractors in June stopped work on expansion of
the power plant because they hadn't been paid since April. The
expansion, which was to add 1,444 megawatts of capacity to the
existing 740 megawatt capacity, and a 5 million-tons-a-year
liquefied natural gas receiving terminal, is 95 percent complete.

     ``Buyers may get a good price but they need $500 million to
complete the project,'' said Pradyumna Kaul, an activist who's
campaigned against Dabhol for eight years. ``That is a lot of
money for a project that's in distress and whose credibility is at
its lowest'' with Enron on the verge of collapse.

                        Awaiting `Response'

     BSES managing director R.V. Shahi said he's waiting for a
``response'' from the lenders on the future course of action.

     ``They came to us with (the project) and our action will
depend on what their approach is.'' BSES hasn't set a price it
would pay for the project, Shahi said. ``We've not reached that
stage yet.''

     Tata Power officials weren't available for comment.
     ``The equity value (of Enron) will go down, helping potential
buyers, but that does not solve the basic problem, that of high-
cost power,'' Godbole said. ``All parties linked with the project
will have to make sacrifices'' to reduce the cost of power.

     Dabhol's power charges in 2000 rose as high as 7.1 rupees, or
15 U.S. cents, a kilowatt-hour, compared with other suppliers'
rates of about 2.81 rupees. That led the electricity board to
default on bills, and in May it stopped buying power from Dabhol,
saying it was too expensive.

     Enron was one of the first major companies to enter India
after the country's economy opened up to foreign investment in
1991. It was awarded the contract to build the power plant 100
miles south of Mumbai without competitive bidding.

     Plant construction was delayed for about two years after
public interest groups filed lawsuits against the project, on the
grounds its power was too expensive.

     A state government reworked the contract just five months
after scrapping it, a move that sparked accusations of the company
bribing politicians in return for the contract -- a charge denied
by all parties.

Enron Bankruptcy Would Be Largest Chapter 11 Filing (Update1)
2001-11-29 08:46 (New York)

Enron Bankruptcy Would Be Largest Chapter 11 Filing (Update1)

     (Updating with Instinet share price, dividend payment.)

     Washington, Nov. 29 (Bloomberg) -- Enron Corp. may file for
bankruptcy protection in the biggest Chapter 11 reorganization in
history, forcing the largest U.S. energy trader to liquidate
billions of dollars in assets to pay creditors.

     Dynegy Inc. yesterday abandoned its proposed merger with
Enron, leaving the Houston-based company burdened with debt and
the likelihood of insolvency. Some analysts said bankruptcy is
inevitable and may come as early as today. A bankruptcy filing by
Enron, which reported more than $61 billion in assets, would top
Texaco Inc.'s record $35.9 billion case filed in 1987.

     Under Chapter 11 protection, Enron officials could continue
to control the company while negotiating a recovery plan with
creditors. An ``automatic stay'' under U.S. bankruptcy law would
block debt-collection efforts, lawsuits and other actions against
the company.

     ``A Chapter 11 filing can be a great thing for a cash-starved
company being attacked from all sides,'' said Nancy Rapoport, dean
of the University of Houston Law Center.

     An Enron bankruptcy would affect thousands of people
including the company's 21,000 employees, its customers,
suppliers, investors and other creditors. The court-supervised
recovery process would give Enron a chance to change strategies
and fix mistakes. It might take years to complete and may end in
the company's liquidation.

     In addition to its energy trading operation, Enron operates a
nationwide gas pipeline system spanning 25,000 miles. It also owns
Portland General Electric, which generates and distributes power
to about 725,000 customers in the Pacific Northwest. The company's
Enron Broadband Services is building a global fiber-optic
communications network.

                          `Witches Brew'

     Chapter 11 reorganization lets companies abandon onerous
contracts and unprofitable leases.

     ``Every bad business deal Enron got into they'll walk away
from,'' said Peter Chapman, a distressed-debt investor who also
publishes newsletters on high-profile bankruptcy reorganizations.

     The goal in Chapter 11 is a recovery plan that allows a
company to pay creditors and come out of bankruptcy. A plan
typically must be approved by a majority of creditors representing
two-thirds of a company's debts. Then a company would ask a
bankruptcy judge for final approval.

     The recovery plan divides a company's value among various
classes of creditors. Under a hierarchy set by the U.S. Bankruptcy
Code, secured creditors -- those with collateral backing their
claims -- are paid ahead of unsecured creditors, such as
bondholders and suppliers.

     Financial advisers to creditors and companies in large
bankruptcies say a Chapter 11 recovery plan for Enron would be
particularly difficult to produce.

     ``You have a host of intangible assets combined with a morass
of contingent liabilities creating a potential witches' brew of a
bankruptcy,'' said Jeff Werbalowsky of Houlihan Lokey Howard &
Zukin, an investment banking firm that has been contacted for
advice by Enron bondholders.

     Enron's shareholders are likely to lose all of their
investment in a Chapter 11 case because they would be last in line
to get paid.

     Shares, the most active in pre-market trading on Instinet,
gained 2 cents to 63 cents after plunging 85 percent yesterday.
The company's 6.4 percent notes that mature in 2006 were unchanged
at about 22 cents on the dollar, traders said. At that price the
notes yield 53 percent.

     Enron said this morning it was evaluating whether it will pay
a declared dividend. The company is scheduled to pay a 12.5-cent
quarter dividend on Dec. 20

                           `Black Hole'

     For investors now considering buying Enron's bonds and other
debts, a major issue is the uncertainty surrounding the company's
value.

     ``Until the forensic accountants can get in there and sort
things out you just don't know what Enron's worth,'' said Gary
Hindes, managing director of Deltec Asset Management LLC. ``It's a
black hole.'' Deltec has no investment in Enron, Hindes said.

     Enron's bond prices reflect the uncertainty. The company's
6.4 percent bonds, which mature in 2006, were quoted at 20 cents
on the dollar, down from 53 cents Tuesday.

     Some recovery for Enron creditors in a bankruptcy case may
come from lawsuits, said Russell A. Belinsky, an investment banker
with Chanin Capital Partners, which also has been approached for
advice by Enron bondholders.

     ``There's a lot of juicy legal issues,'' said Belinsky.
Potential targets include Enron's accounting firm and its officers
and directors, he said.

                             Liability

     Dynegy might face some liability for canceling its purchase
of Enron. Dynegy invoked terms of the buyout agreement that gave
it the right to purchase an Enron natural gas pipeline if the
takeover fell apart. Dynegy received the right to the pipeline in
exchange for a $1.5 billion investment in Enron by ChevronTexaco
Corp., which owns one-fourth of Dynegy.

     Enron might use bankruptcy to prevent Dynegy from walking
away from the buyout and claiming ownership to the pipeline.

     The Dynegy acquisition, valued at $23 billion when it was
proposed on Nov. 9, collapsed as bankers failed to raise the $1.5
billion Enron needed to operate until the deal was completed. The
lack of funds and a credit downgrade contributed to Dynegy's
decision.

     Bankers led by J.P. Morgan Chase & Co. Vice Chairman James B.
Lee tried for two weeks to raise the cash Enron needed. Investors
turned them down because of heightened concern Enron wouldn't be
able to pay its debts.

     Three credit-rating agencies yesterday cut Enron's credit
rating to junk status, triggering an acceleration of the company's
debt obligations.

                            Unraveling

     Enron's unraveling began in October after it said
shareholders' equity was reduced by $1.2 billion because of the
way the company accounted for outside partnerships it created. The
announcement prompted lawsuits and an investigation by the U.S.
Securities and Exchange Commission, and Enron ended up restating
earnings for almost five years.

     As shares plunged, Enron's trading partners lost confidence
the company would have the cash to pay bills. Trading partners
such as Mirant Corp. either demanded more collateral to trade or
restricted trading with the company.

     ``The situation is dire,'' said Deltec's Hindes. ``No one's
going to trade with Enron right now because you could wind up
being an unsecured creditor tomorrow.''

Enron's Derivatives Debt Doesn't Reveal Market Risk, NYT Says
2001-11-29 07:32 (New York)

     Houston, Nov. 29 (Bloomberg) -- Enron Corp.'s derivatives
trading liabilities at the end of September were $18.7 billion,
although nobody is sure just how much money the energy-related
derivatives markets will have at risk if Enron fails, the New York
Times reported.

     While these liabilities, the amount of money it would owe to
other market players if it filed for bankruptcy, were up
``slightly'' from June levels, they are about $1.3 billion less
than at the end of last year, the paper said.

     The numbers don't take into account the unknown amount of
collateral that Enron may have posted, the paper said, citing
Swaps Monitor President Paul Spraos. The collateral should, in
principle, diminish Enron's actual liabilities, he said.

     In an energy swap, a company enters into a contract to lock
in a fixed price of a certain commodity, like natural gas or
electricity. The other company assumes the risk of future price
changes and quotes a fixed price that includes its own profit.

(NYT 11-29 C7)

For the Web site of The New York Times, see {NYTI <GO>}.

Powergen Says Exposure to Enron in U.S., U.K. `Not Material'
2001-11-29 04:37 (New York)

Powergen Says Exposure to Enron in U.S., U.K. `Not Material'

     London, Nov. 29 (Bloomberg) -- Powergen Plc, the U.K.
electricity generator being bought by Germany's E.ON AG, said
its exposure to Enron Corp. is ``not material.'' It declined to
provide detail on its open trading positions with the company.

     Powergen trades daily with in the U.S. and U.K. with Enron,
the largest U.S. energy trader, which said yesterday that it
may file for bankruptcy protection after Dynegy Inc. abandoned its
proposed merger with the company.

     ``Enron is a regular trading partner of Powergen in both the
U.K. and the U.S. -- we do have some exposure,'' said spokesman
Jonathan Smith. ``This exposure is managed within clearly defined
risks. It's not material in the context of the overall size of
Powergen's operations.''

     RWE AG, Europe's fourth-biggest electricity company, said
today that its open trading positions with Enron Corp. amount to
``much less'' than 10 million euros ($8.9 million).

Enron's Collapse Evokes Memories of Old-Time Bank Run, NYT Says
2001-11-29 06:31 (New York)

     Houston, Nov. 29 (Bloomberg) -- Enron Corp. was successful
because the energy trading operation it created was largely an
unregulated financial business and became something like a bank,
which took depositors' money and promised to pay it back, Floyd
Norris wrote in his column in the New York Times.

     When negotiations on Dynegy Inc.'s revised takeover came down
to efforts to find $250 million or $500 million of Enron assets
that could serve as collateral for a new Dynegy cash advance, it
became clear that even Enron's rescuer was demanding collateral
and having trouble finding it, the Times reported.

     Unlike banks, Enron had no federal deposit insurance to
reassure customers when rumors spread that it was in trouble, the
paper reported. Enron's collapse is a reminder for participants in
unregulated markets that their financial health must be beyond
doubt.

     Unregulated markets can be very profitable for those with
market knowledge, as Enron seemed to have. Yet, when prices are
visible to all, the value of that knowledge falls. New regulation
can bring more openness, though it also can bring structures, like
clearing systems that reassure traders they need to worry about
the credit of those with whom they trade, the paper said.

(NYT 11-29 A1)

For the Web site of The New York Times, see {NYTI <GO>}.

RWE Says Open Positions With Enron `Much Less' Than EU10 Mln
2001-11-29 03:13 (New York)

RWE Says Open Positions With Enron `Much Less' Than EU10 Mln

     Essen, Germany, Nov. 29 (Bloomberg) -- RWE AG, Europe's
fourth-biggest electricity company, said its open trading
positions with Enron Corp. amount to ``much less'' than
10 million euros ($8.9 million).

     Enron, the largest U.S. energy trader, said yesterday it
may file for bankruptcy protection after Dynegy Inc. abandoned its
proposed merger with the company.

     ``It's sad that we may lose such an important trader in the
market,'' said Ralf Schaefer, a spokesman for RWE's trading
business. ``But there will be no financial losses for RWE.''

     Essen, Germany-based RWE has been building up its trading
activities in the last three years and trades electricity, natural
gas and coal. European utilities are seeking to profit from excess
electricity output by selling it on the open market.

Enron Soared on Innovation, Fell as Debt Scared Away Investors
2001-11-29 01:01 (New York)

Enron Soared on Innovation, Fell as Debt Scared Away Investors

     Houston, Nov. 29 (Bloomberg) -- Former Enron Corp. Chief
Executive Officer Jeffrey Skilling bragged last year that
traditional energy companies such as Exxon Mobil Corp. were
doomed. In just two years, he built a business that dominated a $2
trillion market through trading energy, not producing it.

     Today, Enron is sliding toward bankruptcy, after Dynegy Inc.
walked away from a takeover of its Houston rival. Credit rating
companies reduced most of Enron's $15 billion of debt to junk
status. Enron's shares are almost worthless and the Securities and
Exchange Commission is investigating the company's finances.

     Chairman and CEO Kenneth Lay, a friend of President George W.
Bush who made the short list for Secretary of Energy, said he
would ``work to retain'' the employees needed for trading and
certain other businesses. Enron employs 21,000 people.

     ``It's a disaster,'' said shareholder Scott Schermerhorn,
fund manager with Colonial Management Associates. ``Bankruptcy is
highly likely now.''

     The same hubris reflected in Skilling's boast paved the way
for the company's disintegration, analysts said. Enron asked
shareholders to accept reports of 14 percent annual earnings
growth, even as it used a bewildering series of outside
partnerships to hedge risks and move assets and liabilities off
its books. When accounting for those partnerships turned out to be
wrong, investor confidence evaporated.

     Standard & Poor's, whose downgrade of Enron's debt yesterday
was part of the proposed sale's unraveling, removed the company
from its index of 500 stocks. Enron shares have lost more than 99
percent, or $45 billion in market value, making them the worst
performer in the index this year.

                  `World's Greatest Company'

     A sign at Enron's headquarters calls it ``The World's
Greatest Company,'' and for several years many investors agreed.
Enron's shares rose 50 percent in 1999, 87 percent last year, and
for most of 2001 were the most highly recommended analyst pick
among S&P 500 companies.

     Enron's high profile extended beyond Wall Street. The company
accounted for a quarter of U.S. electricity and natural gas trades
this year.

     Lay attended a Bush administration economic forum in January,
and Vice President Richard Cheney sought his advice on energy
policy. Enron, its political action committee and employees gave
almost $2.5 million to federal candidates and political parties
last year, with about 75 percent of the money going to
Republicans, according to campaign finance records.

     ``Enron is aligned with all the Texas energy exploration and
production money,'' said Glenn Reynolds, an analyst at
CreditSights Inc. ``They know how to do business.''

                         Risky Strategy

     In 1990, Lay hired Skilling, who became a force behind the
company's growth. He ripped away walls in Enron's headquarters,
built trading desks and transformed the company's regulated
pipeline and utility units into a business that some analysts say
resembles a hedge fund.

     Enron reported 1999 profit of $893 million and $40.1 billion
in revenue. That same year, Enron expanded into water utilities,
sewage treatment and trading space on fiber-optic
telecommunication networks. Shareholder lawsuits filed in the past
month say those business were money losers from the start and that
executives mislead investors about them.

     A junior executive in Europe dreamed up an idea in 1999 for
an Internet trading site dealing paper, plastics and other
commodities, in addition to the usual natural gas and electricity
offerings. The site handled $50 billion in transactions in its
first six months and more than $880 billion in trades in two
years, 60 percent of the company's total.

     ``Enron had a tremendous appetite for risk,'' said Peter
Fusaro, president of Global Change Associates, which did
consulting for Enron. ``They were the first in many markets, would
take long-term contracts, they were just super-aggressive. They
hired Type-A MBA's from the best schools who learned the energy
business from scratch.''

                         Investors in Dark

     Unknown by most investors, some of Enron's increased revenue
was coming from sales of power plants to Enron-affiliated
partnerships. Those partnerships paid for the purchases by selling
bonds that were guaranteed by Enron.

     As a result, Enron's books showed an increase in cash from
the sales, and a decrease in debt associated with the plants. An
Enron restatement of finances earlier this month showed that as
much as $3.9 billion, or about a quarter of Enron's total long
term debt, had been shifted from Enron's books to affiliates.

     Skilling quit the company in August. Former Enron Chief
Financial Officer Andrew Fastow was fired last month, after the
company revealed that Fastow had personally profited from
transactions he conducted with Enron partnerships. Enron has said
it's cooperating with an SEC probe.

      When Enron's market value was near its high in late 2000 and
early this year, eight top Enron executives, including Lay and
Skilling, sold company stock for a total of $73 million. More than
20 securities lawsuits alleging illegal insider trading have been
filed against the company.

     Lay pledged to provide more information on Enron's
transactions, starting with the third-quarter earnings report.

     On Oct. 16, Enron stunned analysts and investors with the
disclosure of $1.01 billion in losses from investments in
businesses outside the main trading operation, such as in fiber-
optics ventures and the Azurix water and sewage companies.

     ``Now you have a bankrupt company,'' said Rob Plaza, an
analyst at financial advisers Morningstar who owns no Enron
shares. ``That is the smoke and mirrors of Enron.''

Centrica May Have to Write off $43 Mln If Enron Fails (Update1)
2001-11-29 09:10 (New York)

Centrica May Have to Write off $43 Mln If Enron Fails (Update1)

     (Adds detail on contracts in first paragraph, shares in
fifth, background from sixth.)

     London, Nov. 29 (Bloomberg) -- Centrica Plc, the U.K.'s
dominant natural-gas supplier, may have to write off gas and
electricity contracts worth 30 million pounds ($43 million) if
Enron Corp. goes out of business.

     The company agreed to a 10-year gas contract in 1998 with the
U.S. energy trader, which may be forced into the biggest Chapter
11 filing in history after Dynegy Inc. walked away from a rescue.
Enron supplies the U.K. company with more than 5 billion cubic
meters of gas and an undisclosed amount of power.

     Centrica ``is working to reduce its trading exposure to
Enron,'' it said in a Regulatory News Service statement. ``In the
event Enron defaults on its contractual obligations, we remain
confident in our ability to supply all our customers.''

     Centrica, created in 1997 when it was spun off from British
Gas, still makes most sales from supplying the fuel to customers
in the U.K. It meets about 20 percent of that demand with gas from
its own fields and buys the rest from other companies.

     Shares of the Slough, England-based company fell as much as
4.25 pence, or 2.1 percent, to 202.75. They've lost a fifth of
their value this year. Enron shares are now almost worthless.

     Enron provides gas to Centrica at prices linked to the
International Petroleum Exchange natural gas futures contract.

     Last week, Slough, England-based Centrica agreed to pay 62.3
million pounds for stakes in five natural gas fields in the North
Sea to replace dwindling reserves.

Enron Evaluating Whether to Pay Quarterly Dividend (Update1)
2001-11-29 08:44 (New York)

Enron Evaluating Whether to Pay Quarterly Dividend (Update1)

     (Adds background on Dynegy withdrawal in third paragraph.)

     Houston, Nov. 29 (Bloomberg) -- Enron Corp., facing
bankruptcy after Dynegy Inc. abandoned a buyout of the largest
energy trader, said it is evaluating whether to pay dividends on
its common and preferred stock next month.
     Enron is scheduled to pay a quarterly dividend of 12.5 cents
a share Dec. 20.

     Dynegy yesterday withdrew its purchase offer, valued at about
$23 billion in stock and assumed debt when announced Nov. 9, after
bankers failed to raise $1.5 billion Enron needed to operate until
the acquisition was completed. Credit-rating companies lowered
Enron's rating to junk.

     Shares of Enron fell $3.50, or 85 percent, to 61 cents
yesterday. They have fallen 99 percent this year. Dynegy fell
$4.92, or 12 percent, to $35.97. Both companies are based in
Houston.


Rosalee-

Massey Villarreal has asked to meet with Mr. Lay, if possible, this
Wednesday afternoon.  He would like to discuss small business development
and Center for Houston's Future with him.

Massey and Mr. Lay serve together on the Partnership board and has asked me
to assist him in coordinating the meeting.  Would you please let me know if
it would be possible to have that meeting?

I may be reached by phone at 713-644-7070, extension 228.

Thank you in advance,

Richard R. Torres
President & CEO
Houston Hispanic Chamber of Commerce

The information contained in this e-mail may be privileged, confidential,
and protected from disclosure.  If you are not the intended recipient, you
are hereby notified that any dissemination, distribution or duplication of
this communication is strictly prohibited.  If you have received this
communication in error, please notify the sender immediately and delete all
copies.


If it's truly the real thing.  I'll take two cases.  Thanks for asking.

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	10/04/2000 11:49 AM

		 To: Cameron <cameron@perfect.com>, Jeff Dasovich <Jeff_Dasovich@enron.com>,
"Prentice @ Berkeley" <PSellers@haas.berkeley.edu>, Prentice Sellers
<PSellers@pacbell.net>, Scott Laughlin <scottwl@hotmail.com>
		 cc:
		 Subject:

Dad/Eldon is going to get some Acacia Chardonnay for $5 per bottle.  We had
some at Hopkins last night and it was really very good.  It is unlabeled but
it is Acacia chard.  I know you don't drink a lot of white wine - but you
might want some around.  Let us know - he needs to order it before he goes
and he is going to try to go tomorrow.
Cameron - I need a few days to make any arrangements you want me to do in
Italy - so please let me know.
I will be out of the office the rest of the day.  Home around 6 or 7.

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


Gotta check out the link below.

EM
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 05/04/2001
09:36 AM ---------------------------

	Enron North America Corp.

	From:  Joey Taylor                           05/04/2001 09:28 AM

To: Derek Bailey/Corp/Enron@ENRON
cc: Errol McLaughlin/Corp/Enron@ENRON

Subject: FW: Stick fighting

---------------------- Forwarded by Joey Taylor/NA/Enron on 05/04/2001 09:27
AM ---------------------------

"Bluhm, Jerry" <JBluhm@tractebelusa.com> on 05/04/2001 09:18:13 AM
To: "'Alter, Jeffrey'" <jalter@fulbright.com>, "'Joey Bluhm'"
<jmb0202@hotmail.com>, "'Joey.Taylor@enron.com'" <Joey.Taylor@enron.com>
cc:

Subject: FW: Stick fighting

>
>
>  http://members.brabant.chello.nl/~a.mert/fight.swf


Hello All,

         The curve manager is up and the traders can mark their curves.

Thanks

Arun


Lynn,

I was ask to make a selection between Amy and Christine to do testing for the  new accounting project. Which will take up to 50% of their time away from the team. My recommendation to you and Rick Dietz was Christine McEvoy to be the selected individual to test on this project. If you have any concerns on this matter please let me know. Thank you.

One more thing, could we mention this in the next team leader meeting for all the individuals involved in this testing.

Terry Kowalke


Do you have enovate agreement handy?
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 08:39
AM ---------------------------
From: Travis McCullough@ECT on 04/23/2001 03:20 AM
To: Gregg Penman/Corp/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron

Subject: Re: Services Agreement

Attached is a draft of an agreement between Enron Corp. and the Enron entity
that is the managing member of enovate under which Enron Corp.'s treasury
department would agree to provide certain funds management services on behalf
of the managing member.  Gregg, as we discussed with the People's attorney,
this agreement would establish the link between enovate's managing member and
Enron Corp. with respect to these services, since the managing member has the
authority to take these actions, but Enron Corp. would be the entity actually
doing the work.  We should resist any attempt to make enovate or any other
party a party to this Agreement, since we want only the Enron entity that is
the managing member to have a cause of action against Enron Corp. for any
breach of this agreement, etc.

Kay, I am out of the office, and I didn't bring the enovate LLC agreement
with me.  Could you fill in the blanks for me in this document with the
correct names, jurisdictions of organization, etc.?

Gregg, if you could take a look at the description of services to make sure
that it captures everything that the treasury group does for enovate, that
would be great.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3893
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


No sweat.  Not a problem.  Summary will do fine.  Let's definitely try to
coordinate for the next meeting.  You have a great weekend, too.

Best,
Jeff

	Lara Leibman
	10/20/2000 04:20 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Sue Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications
		 Subject: Re: Tax, Legal, Regulatory and Accounting Meeting

Jeff,

Unfortunately, we have to keep the date as scheduled.  I am very sorry.
Hopefully, the next meeting will work better for your schedule and we will
have a better opportunity to give our preferences for dates.  This time
round, tax sort of took the lead.  Also, I promise to provide a summary
afterwards.

Hope you have a great weekend.

Lara

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/20/2000 11:34 AM

		 To: Lara Leibman/NA/Enron@Enron
		 cc: Donald Lassere/Enron Communications@Enron Communications, Sue
Nord/NA/Enron@ENRON
		 Subject: Re: Tax, Legal, Regulatory and Accounting Meeting

Good idea.  Unfortunately, I'll be sitting in an office in S.D. with Sempra
execs.  My apologies.  But since this is likely to be ongoing, preference
would be to participate in the "first" meeting.

	Lara Leibman
	10/20/2000 11:14 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Sue Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications
		 Subject: Re: Tax, Legal, Regulatory and Accounting Meeting

Jeff,

Could you possibly call in? We could arrange for a dial-in number in that
case.  I know that we arranged that date with tax bc/Sue is coming in that
day and they had cleared that date with some of the accounting or legal folks
already.  Please let me know.  Thanks.

Lara

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/20/2000 10:05 AM

		 To: Lara Leibman/NA/Enron@Enron
		 cc: Donald Lassere/Enron Communications@Enron Communications, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Nord/NA/Enron@ENRON
		 Subject: Re: Tax, Legal, Regulatory and Accounting Meeting

Lara:
I would very much like to attend but have a meeting scheduled that day with
Chris Calger (ENA) and the CEO and CFO of Sempra Energy (we're trying to do a
deal with them).   That's a date that I can't change.  I can meet on Nov.
3rd, or Nov. 7-9.  Hope it's possible to re-arrange

Best,
Jeff

	Lara Leibman
	10/20/2000 07:41 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Sue Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications
		 Subject: Tax, Legal, Regulatory and Accounting Meeting

Jeff and Mike,

Our first meeting has been scheduled to take place on November 2nd.  The
meeting will probably last half a day and will begin around 1pm.  Please let
me if you plan to attend.  Thanks and have a great weekend.

Regards,
Lara


Brent:  I wanted to inquire about SMUD.  After the legal/credit meeting, it
sounded as though special deal language was going into the Schedule as
opposed to the confirm for the Transaction.  Thanks.  Sara


[IMAGE]
 Save 10% Speak No Evil, Hear No Evil Monkey Bikes...  One of the Hottest Gifts for Holiday 2001... Just enter the coupon code MQJ36GX6 in the checkout process to receive your discount.  Offer expires November 16, 2001.  Want to win your Fantasy League?  Our Fantasy Football Guides are the SOURCE for strategy, player ratings, scouting reports, team reports, projections and more!  A must have for beginners and Fantasy veterans alike.  Special in season price $9.99. Going Fast - Click Here!   Save $.05 a gallon on the gas that keeps your car's engine clean. Click here  to apply online.   Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    NFL Reports, Player Updates  [IMAGE]Latest NFL Player News  Tyrone Wheatley , RB OAK - El-Gato Updated 11/16/01 Wheatley (knee) is out for Sunday's game with the Chargers. Charlie Garner will once again be Oakland's feature back. Zack Crockett may be used in goal-line situations.  Frank Wycheck , TE TEN - El-Gato Updated 11/16/01 According to published reports, Wycheck is expected to play half of Sunday's game against Cincinnati. That makes him a risky start from a Fantasy perspective.  Steve McNair , QB TEN - Beegs Boys Updated 11/16/01 McNair's status is still in question for Sunday's game against Cincinnati due to an injured right thumb. He threw the ball during individual drills Friday, and according to published reports, is likely to play despite not being 100 percent. We don't recommend McNair this week as a result.  Emmitt Smith , RB DAL - Hurricanes Updated 11/16/01 Smith will return to the lineup Sunday against Philadelphia after missing two games with a sprained right knee. Cowboys Head Coach Dave Campo said after Friday's practice that Smith would "be ready to play the majority of the game." His return bumps Troy Hambrick to fullback, but we wouldn't recommend you use either back against the stingy Eagles rush defense.  Frank Sanders , WR ARI - Free Agent Updated 11/16/01 Sanders (hamstring) was added to the NFL injury report on Friday and is now listed as questionable for Sunday's game against Detroit.  However, if you're completely desperate for a wideout in a larger league this week, Sanders' matchup against a vulnerable Detroit secondary is worth considering as long as he's able to play.    Chris Weinke, QB CAR - Perrito-style Updated 11/16/01 According to published reports, Weinke will be the starting quarterback for Sunday's game against San Francisco. However, he's not worth starting on your Fantasy team.   Daunte Culpepper , QB MIN - Tacos Updated 11/16/01 Culpepper is one pace for a good Fantasy season despite the lack of consistency in Minnesota's offense this season. He's one of the better quarterbacks in the league from a Fantasy perspective, and should be in your starting lineup on a weekly basis.   Cris Carter , WR MIN - Starboy Updated 11/16/01 Carter's numbers may be down somewhat this season, but he's still too good to ever consider benching. The veteran has a knack for finding the end zone, and should have a good game against rookie CB Will Allen and the Giants' secondary on Monday night.   Randy Moss , WR MIN - Tacos Updated 11/16/01 Moss is listed as probable for Monday's game against the N.Y. Giants due to an ankle injury. He's been underachieving this season, but it's almost impossible to bench him based on his potential to post solid Fantasy num! be! rs.   Ricky Williams , RB NO - R-Diddy Updated 11/16/01 Williams is one of the better Fantasy backs in the league, and is a good player to use on a weekly basis. He'll face an Indianapolis defense that has been underachieving all season long, so Williams is a must-start.     Aaron Brooks , QB NO - R-Diddy Updated 11/16/01 Brooks had a big game against San Francisco last weekend, throwing for 347 yards and two scores. He may be a bit inconsistent this season, but his potential to post huge numbers makes it tough to bench him, especially against a vulnerable Indianapolis defense.    Willie Jackson , WR NO - Oper Error Updated 11/16/01 Jackson put up a huge game against San Francisco last weekend, posting 11 catches and 167 yards receiving. He'll face a questionable Indianapolis squad that is vulnerable to the pass in Week 10, so starting Jackson this week is a solid option.   Stephen Davis , RB WAS - Oper Error U! pd! ated 11/16/01 Davis has stepped up his play after beginning the season slowly. He's averaged 112 yards rushing over his last four games, and is once again emerging as a reliable Fantasy player. Give him the start in Week 10 against a Denver defense that is vulnerable to high scoring games.   Tony Banks , QB WAS - Free Agent Updated 11/16/01 Banks has played well of late, throwing five touchdowns in his last three games. He's got a good matchup this weekend against a Denver team that can be beaten through the air, but he's only worth considering in very deep Fantasy leagues.   Michael Westbrook , WR WAS - El-Gato Updated 11/16/01 Westbrook has been inconsistent this season, but he has caught three touchdown passes in his last four games. He'll face a Denver secondary this weekend that is vulnerable at best, so starting him in deeper leagues is worth considering.   Rod Gardner , WR WAS - Free Agent Updated 11/16/01 Gardner has been held in check in his last two games, catching only three passes for 38 yards. He does have a favorable matchup this weekend against Denver, however, so starting him is a good move.   ! Az! -Zahir Hakim , WR STL - God Updated 11/16/01 Hakim has been inconsistent in recent weeks, so starting him on your Fantasy team is a gamble unless the matchup is right. He'll go up against a tough New England secondary in Week Ten, so avoid using him outside of deeper leagues.   Torry Holt , WR STL - Oper Error Updated 11/16/01 Holt continues to put up consistent yardage totals, but he's only scored only three touchdowns this season. He'll face a tough New England secondary this weekend, but he's still worth starting on your Fantasy team based on his potential to put up solid numbers.   Isaac Bruce , WR STL - El-Gato Updated 11/16/01 Bruce hasn't put up the huge Fantasy totals this season, but he's still one of the better wideouts in the league. He'll face CB Ty Law and the formidable New England secondary, but he's still worth starting based on his potential for big numbers.   Marshall Faulk , RB STL - R-Diddy Updated 11/16/01 Faulk had a huge game against Carolina, proving that he is still the best Fantasy player in the league. He's a must-start every week, and should post solid numbers in Week 10 against New England.   Ernie Conwell , TE STL - Tacos Updated 11/16/01 Conwell has had a few down weeks, so starting him on your Fantasy team is somewhat of a gamble. With the lack of depth at tight end around the league, however, starting Conwell is something many Fantasy owners will have no choice but to do.   Richard Huntley , RB CAR - Kar Bombs Updated 11/16/01 Huntley will be the likely starter this weekend against San Francisco, but don't be surprised if he splits carries with Nick Goings. Avoid starting either back in Week 10 if at all possible.   Donald Hayes , WR CAR - Free Agent Updated 11/16/01 Hayes had only two catches for 11 yards last weekend against St. Louis. He's been unreliable for Fantasy owners this season, so starting him is a real gamble.    Wesley Walls , TE CAR - God Updated 11/16/01 Walls has been held in check over the last three weeks, but he's still one of the better tight ends in the league. He's had some success against San Francisco in the past, so starting him is advisable.   Muhsin Muhammad , WR CAR - G money Updated 11/16/01 Muhammad finally had a somewhat productive game, catching six passes for 75 yards against St. Louis. He's had some success in the past against this week's opponent, San Francisco, so starting him is a decent move.   Brett Favre , QB GB - Kar Bombs Updated 11/16/01 Favre has been one of the best Fantasy quarterbacks in the league this season. He'll face an Atlanta team on Sunday with a very vulnerable secondary, so be sure to start Favre this week.   Bubba Franks  , TE GB - BCWD's Updated 11/16/01 Franks may not put up huge yardage numbers, but his seven touchdowns in eight games makes him a valuable Fantasy player. Unless you have a better option on your roster, Franks is the type of tight end that should start on a weekly basis.    Bill Schroeder , WR GB - Starboy Updated 11/16/01 Schroeder (ankle) is not listed on the NFL injury report, and is expected to start on Sunday against Atlanta. He's a solid play this week against Atlanta, whose secondary is vulnerable to strong passing teams like Green Bay.   Reuben Droughns , RB DET - Free Agent Updated 11/16/01 Droughns will likely split time with Lamont Warren in Detroit's backfield this weekend in James Stewart's absence. Neither back has much Fantasy value outside of deeper leagues, and starting them is a huge gamble.   Lamont Warren , RB DET - Free Agent Updated 11/16/01 Warren will likely start in place of the injured James Stewart on Sunday against Arizona. He's split carries with Reuben Droughns, and is only worth starting as a last resort in larger Fantasy leagues.   More Upda! te!    Teams, Rosters  [IMAGE] [IMAGE]  [IMAGE] God Joe Stepenovitch    Player TM Pos Status Next Bye Garcia, Jeff  SF QB Active @CAR Week 6 Alexander, Shaun  SEA RB Active @BUF Week 6 Smith, Lamar  MIA RB Active NYJ Week 6 Owens, Terrell  SF WR Active @CAR Week 6 Ismail, Qadry  BAL WR Active CLE Week 13 Walls, Wesley  CAR TE Active SF Week 14 Carney, John  NO K Active IND Week 2 Buccaneers  TB DT Active CHI Week 2 Brady, Tom  NE QB Reserve STL Week 16 Jackson, James  CLE RB Reserve @BAL Week 7 Mack, Stacey  JAC RB Reserve @PIT Week 5 Hakim, Az-Zahir  STL WR Reserve @NE Week 8 Brown, Troy  NE WR Reserve STL Week 16 Dilger, Ken  IND TE Reserve @NO Week 4 Vanderjagt, Mike  IND K Reserve @NO Week 4 Bills  BUF DT Reserve SEA Week 5 Watters, Ricky  SEA RB Injured @BUF Week 6  Total Active Players: 8 Total Injured Players: 1 Total Reserve Players: 8  NFL Injuries for God Updated Player Team Pos Injury E! xpected Return 11/16/01 Jackson, James  CLE RB Ankle Questionable for Sunday's game at Bal. 11/1/01 Watters, Ricky  SEA RB Shoulder Expected to return on Nov. 25 [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


Could you please be kind and start to have a look at these names. Ultramar
are (BBB/Stable/A-2), Petro Canada are (BBB+/Stable/A-2) and Louis Dreyfus
are (A-1+).

The annual report of Preem is attached (www.preem.com) and financial
information on CEPSA can be found at
http://www.cepsa.es/cepsa_ingles/10/1030_index.html. The web site of ERG is
www.erg.it, but there seem to be no relevant information.

I will try to find out some information about the European entities tomorrow.

Regards

Tomas

---------------------- Forwarded by Tomas Valnek/LON/ECT on 27/04/2000 18:40
---------------------------

Konstantin Malinovski
27/04/2000 18:22
To: Tomas Valnek/LON/ECT@ECT, Mohamed Bharadia/LON/ECT@ECT
cc: John Metzler/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Chris
Harris/LON/ECT@ECT

Subject: RE: Meeting at Enron on Tuesday

Tomas, Mohamed,
Please, have a look at these names... We will have to price them. Please, let
me know if more info is required!
Thanks
Konstantin

---------------------- Forwarded by Konstantin Malinovski/LON/ECT on
27/04/2000 18:19 ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Cornes David <David.Cornes@LONDON.EntOil.com>
 27/04/2000 17:54

To: "'Konstantin.Malinovski@enron.com'" <Konstantin.Malinovski@enron.com>
cc:

Subject: RE: Meeting at Enron on Tuesday

Konstantin

Hope you had a good Easter mine was fairly quiet.

In response to your email on the 19 of April regarding names,
counter-parties and coverage; I have prepared the following:

In all cases the exposure would be o10 million for a period of 120 days,
starting from a date of our choosing.

PREEM AB is the parent company, our counter-party is PREEM PETROLEUM AB,
Sanhamngatan 51, SE-115, 90 Stockholm, Sweden.

ERG Spa is the name of the company ( I think it is the initials of the
original founder) and the counter-party whom we will be trading with is ERG
Petroli Spa, World Trade Center, Via De Marini, 1, 16149 Genoa, Italy.

CEPSA is Compania Espanola De Petroleos, S.A., Campo De Las Naciones, AVDA,
Del Partenon, 12, 28042, Madrid (Espana).

Ultramar Diamond Shamrock Corporation is the parent company, 6000 N.Loop,
1604 W, San Antonio, Texas, USA.

Petro-Canada is the parent company, Ave SW, Calgary AB, T2P 3Y7, Canada.

Louis Dreyfus Corporation address is 10 Westport Road, Wilton, CT, 06897,
USA.

Please let me know if this information is sufficient, I will be pleased to
provide any further details at your request.

Kind regards

David Cornes

  -----Original Message-----
  From: Konstantin.Malinovski@enron.com
[mailto:Konstantin.Malinovski@enron.com]
  Sent: 19 April 2000 09:52
  To: Cornes David
  Subject: RE: Meeting at Enron on Tuesday

   << File: Paintbrush >>
  David,
  We think, we require additional information from you -
mostly of the
  following character:
  -what would be the notional amount of protection you would
like to receive
  (or sell) per name,
  -what would be the duration per name
  The data above can make the cases more realistic, though
alternatively we
  can come up with our assumptions.
  I would also appreciate if you could provide us with full
names for ERG Spa
  and CEPSA - so we could make a credit evaluation.

  Hope to hear from you soon.
  Have a nice Easter break!

  With best regards
  Konstantin

   (Embedded     Enron Capital & Trade Resources Corp.
   image moved
   to file:      From:  Cornes David
   pic09263.pcx) <David.Cornes@LONDON.EntOil.com>
                 18/04/2000 19:20

  To:   "'Konstantin Malinovski'"
<Konstantin.Malinovski@enron.com>
  cc:   Holt Ben <Ben.Holt@LONDON.EntOil.com>, Kennedy Patrick
        <Patrick.Kennedy@LONDON.EntOil.com>, Povey David
        <David.Povey@LONDON.EntOil.com>

  Subject:  RE: Meeting at Enron on Tuesday

  Konstantin

  I have spoken to the traders and to Ben.  It would be
appreciated if you
  could provide us with working examples for the following
counter-parties:

  North Sea           - Louis Dreyfus Corporation
  Norwegian Sector    - PREEM
  Italy                - ERG Spa; CEPSA.
  US             - Ultramar Diamond Shamrock Corporation
  Canada               - Petro-Canada

  Please let me know if there is any other information you
require.

  I will be available Wednesday the 19 April and will be back
in the office
  on
  the 25 April.

  Thank-you for the presentation last Tuesday, it was
interesting.

  Kind regards

  David Cornes
            -----Original Message-----
            From:     Konstantin Malinovski
  [mailto:Konstantin.Malinovski@enron.com]
            Sent:     11 April 2000 20:01
            To:  Cornes David
            Cc:  Holt Ben; Kennedy Patrick
            Subject:  Meeting at Enron on Tuesday

             << File: Word 6.0 Windows/Mac >> << File: Word
6.0
  Windows/Mac >> << File: Microsoft PowerPoint 97 >>

            Dear Ben,

            Thank you very much for attending the meeting
today. I hope
  you and your
            colleagues have found it useful.

            Following our agreement during the meeting,
please, find
  attached the term
            sheets for the markets you might be interested in.
Other
  countries term sheets
            are very similar to the attached one's with only
difference
  in the bankruptcy
            definitions.

            As far as Italy is concerned, we inferred from the
meeting
  that you just started
            the operation there, and are beginning to evaluate
and
  understand the
  counter-parties there. To jump over this laborious process,
  we propose to discuss
            the issue of complete credit desk management
outsourcing for
  this region.

             I also included another presentation, which goes
in more
  details on some
            aspects of credit trading.

            As we agreed at the meeting we will prepare the
sample cases
  for you, as an
            illustration on the practical usage of the
products. We will
  expect you to
            provide reference names you would be interested to
see in
  the cases.

            With best regards

            Konstantin Malinovski

            (See attached file: Offline Bankruptcy Swap
termsheet
  (US).doc)(See attached
            file: UK term sheet.doc)(See attached file: Credit
Deriv
  3.ppt)


It was a deal Ozzie was working on with FPL.

Kay Mann@ENRON
05/16/2001 12:04 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: FPL PPA

I don't remember a PPA for Homestead.  I'll check, though.

Kay

	From:  Ben F Jacoby @ ECT                           05/16/2001 12:03 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: FPL PPA

Kay:

A while ago, you sent me a copy of an FPL PPA for Homestead. Could you please
resend me the document?

Thanks,

Ben


-----Original Message-----
From: 	Gilbert-smith, Doug
Sent:	Wednesday, October 17, 2001 9:06 AM
To:	Trefz, Greg
Subject:	RE:

this is exactly right. we need to basically create a distribution that does not get influenced by temps

 -----Original Message-----
From: 	Trefz, Greg
Sent:	Wednesday, October 17, 2001 9:03 AM
To:	Seksaria, Rahul
Cc:	Gilbert-smith, Doug
Subject:

Rahul,
	Per our conversation, please follow up with research and ake the following changes to the current model.

		1). We want the model to use the desks hourly scalars. We also want to be able to differentiate the scalars for each year.  The current historical data the 		model uses is not applicable to the ERCOT market.

		2). We want to able to control the number of jump hours and days, and control the range of prices for those jumps for positive and negative pricing. We also 		would like to control this and change it for each individual year.

		3). Model must be capable of positive and negative pricing.

	Please get a timeline on when this can be completed.

Doug, if you have anything more that you want to be able to control in the model please let me know and I will make sure it gets done.

Regards,
Greg


I hope you have a good day back at school.  I love you.

D


Dear Friends:

We are pleased to inform you that we will have an exhibition
booth for the upcoming Energy Expo in Houston.  In attendance from
BNP Paribas:

BNP Paribas Commodity Futures

George Ellis
Brian Manolis
Vincent Zanfardino

CIT Group  (Commodity-Indexed Transactions)

Peter Carpenter
Marc Fontaine

Should you be visiting the Exposition,
please do call upon us.

We look forward to seeing you there!

With kind regards,
BNP Paribas Commodity Futures and CIT Groups

This message and any attachments (the "message") is
intended solely for the addressees and is confidential.
If you receive this message in error, please delete it and
immediately notify the sender. Any use not in accord with
its purpose, any dissemination or disclosure, either whole
or partial, is prohibited except formal approval. The internet
can not guarantee the integrity of this message.
BNP PARIBAS (and its subsidiaries) shall (will) not
therefore be liable for the message if modified.

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

Ce message et toutes les pieces jointes (ci-apres le
"message") sont etablis a l'intention exclusive de ses
destinataires et sont confidentiels. Si vous recevez ce
message par erreur, merci de le detruire et d'en avertir
immediatement l'expediteur. Toute utilisation de ce
message non conforme a sa destination, toute diffusion
ou toute publication, totale ou partielle, est interdite, sauf
autorisation expresse. L'internet ne permettant pas
d'assurer l'integrite de ce message, BNP PARIBAS (et ses
filiales) decline(nt) toute responsabilite au titre de ce
message, dans l'hypothese ou il aurait ete modifie.


Please call John Keffer and re-schedule Thursday's lunch - two meeting have
come up.  Friday is good for me.

713 751 3255


let me no how dunn call goes.  415.505.6633.  jeff


Apologies.  At a loss to figure out how in the heck your name disappeared
from this mega-list.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/05/2001 11:02 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/04/2001 12:30 PM

		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula
Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard
Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Robert Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Sharon Dick/HOU/EES@EES, skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES,
William S Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran
Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James
Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western
Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES, Jennifer
Rudolph/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas
Condon/SFO/EES@EES, wgang@enron.com, Scott Govenar <sgovenar@govadv.com>,
Hedy Govenar <hgovenar@mail.acom2.com> @ ENRON, jklauber@llgm.com
		 cc:
		 Subject: Summary of 3.2.01 meeting to fix Direct Access prohibition

----- Forwarded by Jeff Dasovich/NA/Enron on 03/04/2001 12:06 PM -----

A meeting with Sen. Bowne's staffer Lawrence Lingbloom took place on 3.2.01
to discuss fixing the DA prohibition in AB1X.
About 30+ other interested parties attended.
On 3.1.01 Bowen's office had distributed a complex proposal; and the meeting
was convened to discuss the proposal.
The proposal distributed by Lingbloom was unacceptable and rejected but at
least it acknowledged the need to allow some level of DA, i.e., moved away
from a complete prohibition on DA.
After much discussion, Lingbloom left the meeting for a while, during which
time the group engaged in a productive discussion with CDWR/CA Dept. of
Finance.
The group asked DWR/Finance if they could agree to a program that:
a) treats bond financing costs as a nonbypassable charge designed to cover
the period during which the customer consumed power subsidized and purchased
by DWR;

b) includes an exit fee for customers switching to DA if, and only if, there
are actual costs associated with power contracts signed by DWR that might be
"stranded";

c) permits an open season for "free switching" to DA when demand exceeds the
sum of DWR's firm contract portfolio, retained generation and QF cost. This
would mean that the amount of load covered by DWR's spot purchases, plus new
load growth, should not face restrictions on Direct Access.

DWR wanted to include an agreement on information exchange, which might
include noncore customers advising DWR in advance when they will switch to DA.
In return, DWR offered to post information about their power contracts and
terms AFTER contracts were executed.
Enron's outside attorney is drafting language to capture the concepts
discussed at the 3.2.01 meeting.
The draft will be distributed and discussed on Monday, 3.5.01.


I give up.  How in the world did you jump to that crazy conclusion?

From: Suzanne Adams@ECT on 05/31/2001 12:22 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

Oh, I know she is excited about her new assistant.  I thought she was going
to get up and dance about her.

Does this mean you gave me a bad review?

	Kay Mann@ENRON
	05/31/2001 12:13 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

You know ES doesn't work Fridays, so that takes away one day of opportunity
to approve them, plus she hasn't had an assistant.  Maybe things will
improve.  She is very excited about her new assistant.

From: Suzanne Adams@ECT on 05/31/2001 12:04 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

I see that.  She's not real fast on approving things either.  I've submitted
your expense report and Carol's to her.  She hasn't gotten to Carol's yet,
and I did it a few days ago.  Haedicke isn't that fast either.  I don't think
they like all this automation, but it really makes it so much quicker.  I'm
going to be the queen at invoices and expense reports because I do so many of
them.  I like both systems, but then I'm very adaptable.

Did you give me an ok review?

	Kay Mann@ENRON
	05/31/2001 11:55 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

Yes, I'm officially in Elizabeth's group.  I need to ask her for a flat
screen monitor.

From: Suzanne Adams@ECT on 05/31/2001 11:47 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

Ok, sending it in now.  Have you officially been changed to Elizabeth's cost
center?  You aren't in Jeff's time site any more.  I want to make sure I send
it to the correct person.

	Kay Mann@ENRON
	05/31/2001 11:43 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

yes, thanks

From: Suzanne Adams@ECT on 05/31/2001 11:38 AM
To: kay.mann@enron.com
cc:

Subject: Cingular Bill

Kay, I called Cingular to see what was up with your bill.  The last payment
was made the end of March.  Your credit card expired March, 2001.  So, you
are not set up currently for your credit card to be charged.  I'm going to go
ahead and expense this charge and then you'll need to pay it.  If you want it
set up again on your credit card, you have to send Cingular a letter stating
your wishes.

I also changed your address to this building while I had her on the phone.

Is all of this ok with you?>


Here is a sample announcement for our next Credit/Legal Seminar:

Please plan on attending our second in a series of Credit/Legal seminars.
This seminar will be held on  Thursday, March 22nd, from 2:00 - 3:30 p.m. in
EB49c3 and will start out with a continuation of our first session which
covered Credit issues raised in the ISDA Master Agreement and Omnibus General
Terms and Conditions.  We will then continue the meeting with new
information.  Please e-mail my assistant, Becky Spencer, if you are unable to
attend.

Let me know of any revisions so I can send this out soon since our next
session is next week (March 22nd).


ouch.  will do.  I'll get you what i can as soon as i can.

best,
Jeff

	Shelley Corman/ENRON@enronXgate
	07/26/2001 12:46 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RE: Transwestern Hearing

Along with the TW order setting a hearing, the FERC has also imposed new
reporting requirements for deliveries starting August 1.  The questions ask
TW to provide daily nominated, scheduled and delivered at Cal. border
points.  I think this data will lead FERC to further ask about why the
scheduled number is so often below the nominated and I want to be prepared to
explain the window process.  With Jeff Fawcett and Julia White both gone, I
guess I draw the lucky straw of explaining this.

Any info that you can forward in the next week or two would be appreciated.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Thursday, July 26, 2001 12:43 PM
To: Corman, Shelley
Subject: RE: Transwestern Hearing

i think that i can get you something.  how quickly do you need it?

best,
jeff

	Shelley Corman/ENRON@enronXgate 07/26/2001 12:28 PM 	   To: Jeff
Dasovich/NA/Enron@Enron  cc:   Subject: RE: Transwestern Hearing

Do you have any materials that describe SoCal's current windowing procedure?


And --FYI I  Dont do pictures!!!! ever   -


Here are my notes, please let me know if you have any questions.

Weekend of August 26 ) 28, 2000

Saturday:

? Celanese Bayport meter 8018 was ramping back up.  Total nomination of
35,000 in Mops was pathed ) transmitted nom to Pops and confirmed.
? Costilla , meter 9687 was still down 4,000 due to wellhead production
losses on Friday, expected short into the first of the week, possibly longer,
may need to fish the hole to bring the well back up.
? Costilla Pilgreen ) Running high H2S, causing our valve to shut-in 13,000
MM,s  (we changed our specs at the valve to accept 8 parts per mil for 30
minutes last week, per Jill Zively).  Louis Dreyfus was diverting the well to
another pipeline, per the contract that gas has to come to us or be shut-in.
We got the well back on Saturday afternoon, and all was well.
? All meters were updated in Pops for Satuday,s gas day.
? Christy w/ PG&E called with Cuts into the Hub:
Volume of 16,495 cut to 1,799
Volume of 15,000 cut to 6,845
? Meter 1505 lost two compressors and was about 2,000 short to us.  This
issue was resolved.

Sunday:

? Shell meter 1060 cut back from 35,000 to 15,000; Shell lost two units.
Also, seeing meter 1394 which dels to Shell back down from 10,000 to 5,000.
? Patty called re: the EPNG cuts, found out late afternoon that they are PCC,
Pipeline Capacity Constraints, at the IVALEROW meter into PG&E.
? Joey Stanton with Duke called regarding some new production coming up.  He
wanted to sell it into HPL at Lonestar/Katy for Sunday and Monday.  Paged
Darren, we took the gas, it needs to be priced today.  Duke let me know that
they would flow at a rate of 25,000/hour, and should average approximately
12-15,000 for the day.  Mark McCoy is working on getting a good meter total
from Lonestar for Sunday, we need to get the deal in Sitara and confirm
today's gas day as well.
? Regarding PG&E, I do not have final Cycle 4 numbers (they come out around
9pm on the gas day).

All in all, it was a pretty good weekend, and an educational one.  Gas
control did a great job communicating and assisting to resolve issues.
Please check all meters impacted to make sure that I Pop,d and Mop,d
correctly.

Thank you,

Mary Jane


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
02:22 PM ---------------------------

	From:  Shalesh Ganjoo                           01/23/2001 09:30 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Energy Risk Management Book

Vince,

As per our conversation I am sending you this request for a copy of the
article on building forward curves for Electricity.  Please let me know if
you need any further information.  Thank you.

Shalesh Ganjoo


I have my list at home, but I know that we need Dad's sister Jane and her
husband, Homer and Karen, Sarah in Austin (whose kids are independently
dell-wealthy) and I can't remember who else.  I know that there were ten
invitations needed, including Mom and Dad.  The list below plus those in this
paragraph total 8 - so we must be missing 2.

I will try to catch David and have him look at the list that I copied from
Mom.

Thanks for these.  I will do invitations this weekend.  Do you have the
address for Josephine's House?  And do we have a time?  --Sally

"Cindy White and Richard Hernandez" <piropos@austin.rr.com> on 04/19/2001
09:01:03 PM
To: "Sally" <sally.beck@enron.com>
cc:
Subject: finally remembered!

Sally,

That tiki person is out according to mom....

Fabian and Mary Ann Block
103 Waterlily Circle
Georgetown, TX  78628

Barney and Joann Boyette
2631 Inwood View
San Antonio, TX  78248

Buddy and Nelwyn Hare
11827 Wink Rd.
Houston 77024

Mary Souter
13811 Cedar Canyon
San Antonio  78231

who am i forgetting?  I think someone in Victoria?


These three deals, plus the one in the second e-mail you sent, are dead
according to Chris Mallory. He said Prebon should not be confirming them.
Please let me know if Prebon still disputes this.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/05/2000 07:17 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing Chris Mallory Deals from yesterday

Hi Kate,

I have three deals so far that I did not verbal with prebon on yesterday and
they sent over confirmations for them.
Can you please check with Chris Mallory and see if these are good deals.

Sell to PGET January PV 25 mw at $260.00
Buy from Aquila January PV 25 mw at $260.00
Buy from Edison Mission Dec 6- Dec 31 Mid-C 25 mw at $550.00


Rick, good to see you today.  excited about the prospects of the new office,
kitchen cabinet/advisory team, etc.

as we discussed, jack abramoff is joining barry richards' law firm,
Greenberg Traurig, on january 1.  richards was just named lawyer of the year
by the American lawyer while abramoff is arguably the most influential and
effective gop lobbyist in congress.  i share several clients with him and
have yet to see him lose a battle.  he also is very close to Delay and could
help enormously on that front.  raised $ for bush.  until december 31 he can
be reached at 202-661-3851.  he assistant is Susan Ralston.


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

May 11, 2001 5:00pm through May 14, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:      AlSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 5/11/2001 at  6:15:00 PM CT thru Fri 5/11/2001 at  7:00:00 PM CT
	Fri 5/11/2001 at  4:15:00 PM PT thru Fri 5/11/2001 at  5:00:00 PM PT
	Sat 5/12/2001 at  12:15:00 AM London thru Sat 5/12/2001 at 1:00:00 AM London
Outage:  Trader DFS Re-Configuration
Environments Impacted:  Corp
Purpose: Data access
Backout: Continue to use ENEHOU
Contact(s): 	Frank Coles    (713)406-0470
		John Cheng     (713)853-1672

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:         ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Sat 5/12/2001 at  10:00:00 AM CT thru Sat 5/12/2001 at  5:00:00 PM CT
	Sat 5/12/2001 at    8:00:00 AM PT thru Sat 5/12/2001 at  3:00:00 PM PT
	Sat 5/12/2001 at  4:00:00 PM London thru Sat 5/12/2001 at  11:00:00 PM London
Outage:  Disk upgrade for dual boot on server gfp1.
Environments Impacted:  Infinity development
Purpose: Disk upgrade needed to establish dual boot redundancy.
Backout: reinstall old configuration
Contact(s): 	Malcolm Wells    713-345-3716

Impact:  CORP NFS
Time:  Fri 5/11/2001 at  8:00:00 PM CT  thru Fri 5/11/2001 at  10:00:00 PM CT
	Fri 5/11/2001 at  6:00:00 PM PT thru Fri 5/11/2001 at   8:00:00 PM PT
	Sat 5/12/2001 at  2:00:00 AM London thru Sat 5/12/2001 at  4:00:00 AM London
Outage:  OS upgrade on NFS servers calvin and hobbes.
Environments Impacted:  Sitara, Weather App. Infifity NFS
Purpose: The upgrade is needed for added SIFS functionality and support.  SIFs is the component that allows NT/UNIX access.
Backout: We can revert to one of several previous OS version stored on disks.
Contact(s): 	Malcolm Wells    713-345-3716

Impact:  Unix
Time:  Sat 5/12/2001 at  2:00:00 PM CT thru Sat 5/12/2001 at  4:00:00 PM CT
	Sat 5/12/2001 at  12:00:00 PM PT thru Sat 5/12/2001 at  2:00:00 PM PT
	Sat 5/12/2001 at  8:00:00 PM London thru Sat 5/12/2001 at  10:00:00 PM London
Outage:  Neutron - Add a CPU boardd
Environments Impacted:  UniX Users
Purpose: increase cpus
Backout: Remove / replace board.
Contact(s): 	Adam DeRidder    713-853-1428
		Michael Barber      713-853-5530
		Wilford Stevens     713-853-7564

SITARA:    See above

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:       SEE ORIGINAL REPORT

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:   ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 5/11/2001 at  4:00:00 PM CT thru Sat 5/12/2001 at  3:30:00 PM CT
	Fri 5/11/2001 at  2:00:00 PM PT thru Sat 5/12/2001 at  1:30:00 PM PT
	Fri 5/11/2001 at 10:00:00 PM London thru Sat 5/12/2001 at 9:30:00 PM London
Outage:  Configure new hard disk and install all necessary OS and software.
Environments Impacted:  Power Settlements users
Purpose: Upgrade server
Backout: Re-install old hard disk, fall back to stand-by server as last resort.
Contact(s): 	Michael Cuccia    713-853-6629
-----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797


You did not seem to concerned about EREC.  Better late than never.

 -----Original Message-----
From: 	Westbeld, Mike
Sent:	Wednesday, September 19, 2001 8:59 PM
To:	Geaccone, Tracy
Cc:	Lindholm, Tod A.
Subject:	Bonus Information EWC

Tracy I only have U.S. information. Will have to get Europe overnight.

Accrual through September will be $1,928k

Accrual for the year is forecasted at $2,612k

Additional accrual of retention bonus will be $948k in Q4.


In case you have an opening....

 - resume.doc


?
 - Doves - Lost Souls - 08 Catch the Sun.mp3


Hi Sara:

I heard about a group called "Looking at Art", and they are going to
Marfa, Texas to check out the art colony there. I remembered that you
had gone there a couple of times and enjoyed it. The most important
thing about the conversation to me was that it reminded me that I had
not heard from you in a while. I am sure that you are very busy, but I
wanted you to know that I hoped things are going well with you and that
you get a chance to kick back some soon. Probably because that is what I
want to do.

Take Care,

Carson


Mark,

Here is a draft for the Fee Agreement language for the margining.  this
language should tie with the liquidated damages language that you have for
the RTA.  I think that we will need to remove the words or settle from the
liquidated damages paragraph.  Brokers do not have settlement risk.


Take a look at the Star's schedule and let me know if a date works for
you.  I will do everything I can to get the tickets reserved for you.

-----Original Message-----
From: Jim Crable
Sent: Tuesday, November 14, 2000 3:04 PM
To: Marsha Womack
Subject: DallasStars

 <<DallasStars.doc>>

 - DallasStars.doc


August 3, 2001

Jason:

Connie Kirby passed along your inquiry about fruit processors natural gas load to me.

You should contact Ed Yates, Sr. VP, California League of Food Processors in Sacramento 916-444-9260 e-mail ed@clfp.com   He has prepared a report on energy use and issues affecting the California fruit canning and drying industry.

Unfortunately, we do not have region-wide gas (or electricity) usage figures for the Northwest fruit industry, or any other part of the region's food processing industry.

Thus far, NWFPA has focused its energy attention on legislative and other political advocacy activities as well as information dissemination..  Also, the Association sponsored a manufacturing energy conservation satellite teleconference on June 13 part of which dealt with natural gas conservation in company boilers.

If you come across some good food industry figures for natural gas  electricity) use for Idaho, Oregon, or Washington, please let us know.  That would be good information for the Association's Energy Task Force, chaired by J.R. Simplot Vice President Rick Fisch.

Dave Klick, CAE
Executive Vice President
Northwest Food Processors Assn.
6950 SW Hampton, Suite 340
Portland, OR 97223
New Direct Dial 503-495-1310
FAX 503/639-7007
www.nwfpa.org

>>> "Wolfe, Jason" <Jason.Wolfe@ENRON.com> 08/01/01 01:20PM >>>

Connie Kirby:

I am not certain if you are the go-to person on this topic, but I am
trying to get an idea of industrial
gas load in the canning, drying and processing industry in the NW and
northern California,
especially during the peak processing season (currently ongoing).
If you have even general ideas on this, such as start and end times, and
how the processing is broken
down, that would be great. Or if you know of a good contact in your
organization. I am looking
for a broad overview.

I appreciate your help.

Thanks,

Jason Wolfe
Analyst
Enron North America, Gas Trading
713-853-0568

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


---------------------- Forwarded by John J Lavorato/Corp/Enron on 08/17/2000
05:26 PM ---------------------------

	From:  Laura Valencia                           08/17/2000 05:24 PM

To: Liz M Taylor/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Nicki
Daw/NA/Enron@Enron, Nancy Young/Enron Communications@Enron Communications,
Karen Owens/HOU/EES@EES, Kimberly Hillis/HOU/ECT@ect, Paula Austin/Enron
Communications@Enron Communications, Judy G Smith/HOU/EES@EES, Jennifer
Ree/Enron Communications@Enron Communications
cc: Joannie Williamson/Corp/Enron@ENRON (bcc: John J Lavorato/Corp/Enron)

Subject: JP Morgan

Ladies,

Anatol Feygin, equity analyst with JP Morgan, is planning a trip to Houston
and will be bringing a group of investors to meet with Enron management.
Therefore, I would greatly appreciate your help in setting up these
meetings.
I will arrange for a conference room and would ask that you let me know your
bosses availabilty on the following dates:

September 5, 6, 15, 19, 20, 22, 26 and 29

Thank you in advance, Laura


Hi, Sal.   Hope you are well.   I was out of town most of last week - and
again Sunday/Monday, so I feel a bit out of it!   How was Meagan's birthday?
Did she pass the driving test?   Did the earrings arrive in time?     Any
other news?   No big news here; just work.  Off to Arlington again on Friday
for a Special Olympics event, then on to a wedding Saturday.   Holiday
Monday.  Yippee!    How do you think the parental units are doing?   (I must
confess, I haven't talked to them too much lately . . . )    love, cara


for your info . . .
how are you today?
---------------------- Forwarded by Eric Bass/HOU/ECT on 02/07/2001 08:36 AM
---------------------------

From:  Bryan Hull
02/07/2001 08:19 AM

To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver
Plachy/NA/Enron@Enron, reagan_mathews@enron.net, Timothy Blanchard/HOU/EES@EES
cc:
Subject: Game at 8

Our game is at 8. Let me know if you are in or out.