Stanley:

My name is Brian Skruch with RedDot Solutions.  RedDot provides software
that enables business users to simply maintain their web site by
"clicking on the red dot".  RedDot helps organizations manage and
publish their Web or Intranet content to avoid Webmaster bottlenecks,
inappropriate or costly errors, user frustration etc.  In addition, we
enable content contributors to add, modify, and specify appearance
schedules for Web content without requiring any specific technical
skills such as HTML.

*) To see a product demonstration, please follow this link:
http://www.RedDotSolutions.com/flash

*) For general information on our product, please follow this link:
http://www.reddotsolutions.com/products.html

Please let me know if you would like further information, or if you
would like to setup a meeting to review RedDot in action directly with
your own EOTT Energy Partners website.

Thanks,

Brian

- - - - - - - - - - - - - - - - - - - - - - - - - -
Brian Skruch
Account Manager
RedDot Solutions
972-381-0906 office
214-850-2059 cell
214-722-0427 fax
brian.skruch@reddotsolutions.com
www.reddotsolutions.com

stanley.horton@enron.com


Please review the attached EnronOnline press releases which are scheduled for
release at 10:00 AM CDT tomorrow, July 12, 2000.  The purpose of the separate
releases (the counterparties will make their own releases in addition) is to
communicate the message that our goal is to continue to increase liquidity.
One way to do that is give the greatest possible number of  buyers and
sellers the opportunity to see our prices.

Please send any comments to me by 9:00 AM CDT tomorrow, July 12, 2000.

Mark Palmer
Ext. 34738


I received a preliminary answer to the survey this morning.  Have you had a
chance to review the additional questions the firm posed?

Also, should I plan on packing my office chair on Wednesday with my home
shipment?

Thanks,
Brent


I am in.
PL

 -----Original Message-----
From: 	Palmer, B. Scott
Sent:	Monday, November 12, 2001 9:00 AM
To:	Love, Phillip M.; Mills, Bruce; McLaughlin Jr., Errol; Winfree, O'Neal D.; Giron, Darron C.; Taylor, Joey; Ryder, Patrick
Subject:	Poker night

Poker night is still on for this Thursday at my house. Starting time is 7:30. I will provide the spirits and food. Due to recent developments, high rollers are not allowed. Please let me know if you are unable to attend so a replacement can be found. Erroll????

Thanks

This map is NOT to scale!

 << OLE Object: PBrush >>


The Enron Health Center has received its shipment of flu vaccine.  Shots will be given on a first-come, first-served basis.  NO APPOINTMENTS WILL BE ACCEPTED.

	When:	Beginning Tuesday, November 13
	Time:	8 a.m. until 4 p.m.
	Where:	Enron Health Center, EB-312
	Cost:	Free to Enron employees, spouses, retirees, and EDS
		$10 for contractors

For more information email:  mailto:health.center@enron.com.


See attached:

Date		Shares		Selling Price
5/30/01		53,400		$6.77
5/31/01		146,600		$6.88
6/1/01		300,000		$6.76

Approximate P&L is a Loss of $840K. COPEL closed today at $7.55 on the volume of 1,567,300.

Vlady.


Please see note on Frankfurt.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 08/01/2000 02:32 PM -----

	Richard Grove <RGROVE@isda.org>
	08/01/2000 10:47 AM

		 To: ISDA BOARD <BOARD@isda.org>
		 cc: Robert Pickel <RPICKEL@isda.org>, Ruth Ainslie <RAinslie@isda.org>, Nick
Collier <ncollier@isda-eur.org>, Shigeki Kawano <SKawano@isda.org>, Angela
Papesch <apapesch@isda-eur.org>, David Lafleur <DLAFLEUR@isda.org>,
Emmanuelle Sebton <esebton@isda-eur.org>, Mary Cunningham
<MCUNNINGHAM@isda.org>, Corrinne Greasley <CGREASLEY@isda.org>
		 Subject: Upcoming ISDA Meetings

To the ISDA Board:

For planning purposes, here is a list of upcoming ISDA events for the
autumn.  Corrinne Greasley of the ISDA NY office will be in touch to confirm
attendance at a later date.

September 12:  Members' Update and E-Commerce Forum in London

September 13:  Board Meeting in Frankfurt followed by wine-tasting and
dinner in the Rheingau region

Henning has sent the following suggestions and offer of assistance regarding
accomodations in Frankfurt:
Should anybody plan for staying on for a couple of days, we would be
delighted to assist with hotel bookings in the Rheingau area, I would
recommend the hotel "Schloss Reinhartshausen" on the river Rhein. For those
flying out the next morning, I suggest a hotel near the airport to avoid the
commuter%s traffic towards Frankfurt in the morning. Closest is the
"Sheraton" (walking distance), also close is the "Steigenberger Airport
hotel" (shuttle bus). Happy to do the bookings at any hotel.

September 20:  Members Update and E-Commerce Forum in New York

October 19:  ISDA-AFMA Conference in Sydney

October 23:  Conference and Reception to mark opening of office in Singapore

October 26:  Members Update and E-Commerce Forum in Tokyo

November 15:  Board Meeting in New York

December 14:  Holiday Party in London


Huh??  I'm confused.

Gabriel Monroy
11/16/2000 10:45 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Shreveport

Hey hey,  I am here almost submitting a bid for this company and I am not
complaining.

Gabriel


The new version of the EnronOnline website is almost ready for launch. This
new version includes a new look and feel and new functionality designed to
bring more information to our customers and to provide new ways to transact
with Enron.

We will soon be sending you an email announcing the specific launch date for
Phase 2 of EnronOnline. In the meantime, we have prepared a series of
presentations and training sessions designed to help you become familiar with
the new site. Please try to attend one of the following, as these will be the
only opportunity for you to see the new functionality first hand before the
site is launched.

Presentation Dates

Monday, August 28
 Houston: 4:30  EB30C1
 Calgary: 4:00  Boardroom

Tuesday, August 29
 Houston: 5:00 EB30C1
 London: 6:00 5th floor training room
 Portland Time and locations to be determined
 Singapore: Time and location to be determined
 Australia: Time and location to be determined
 Oslo 2:00 Training room

Wednesday, August 30
 London 6:00 5th floor training room

Training Session Dates

Training room sessions will provide the opportunity to obtain some hands-on
experience with Phase 2 of EnronOnline before we go live. It is recommended
that you attend one of the above presentations prior to attending a training
session.

Training sessions will be available in the London office immediately
following the presentations. If you are located in an office other than
Houston or London and wish to participate in a training session, please
contact Tammie Schoppe at 713 853 4220.

Wednesday August 30
   Houston: 4:00 EB568
 Offices other than Houston or London: contact Tammie Schoppe at 713 853 4220.

Thursday August 31
 Houston: 4:00 EB568
 Offices other than Houston or London: Contact Tammie Schoppe at 713 853 4220.

Thursday, Sept. 7
 Houston: 4:00 EB568
 Offices other than Houston or London: Contact Tammie Schoppe at 713 853 4220.

There will be a further email soon which will identify the specific date of
launch of Phase 2 of EnronOnline.

If you have any questions about the above, please contact me at 713 853 1861
or Dave Samuels at 713 853 6931.

Thank you,

Dave Forster


Attached is a list of RSVP's I have received so far for the seminar. Already we have 44 attendees, not including LLGM attorneys.

If you see that anyone you invited and know is coming is missing from the list, please let me know. And please continue to forward me any RSVP's that you receive.

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================
 - Doc2.wpd


It has come to my attention that changing the operational storage capacity between the Evening process and the NonGrid process can be unduly problematic for customers because most of the pipelines that interconnect with NNG do not recognize the NonGrid process. Such changes can lead to EPSQ issues during the ID1 process when shipper quantities cut during the NonGrid storage allocation end up being less than the EPSQ calculated for ID1. The differences that result will most probably end up as shipper imbalances on NNG.
For this reason, it is strongly recommended that operational storage capacity not be changed between the Evening and the NonGrid processes in the future.


much better thanks

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Friday, June 08, 2001 9:16 AM
To:	Maggi, Mike
Subject:

How is your battle wound today?


I can't open the attachment, can you?

K-

Kay Mann
01/30/2001 01:10 PM
To: Rusty Stevens/Corp/Enron@ENRON, Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Shaeffer redline

I ran a redline from the last version I had electronically.

I've forwarded the current version to Herman for his review and approval.
Due to some of the changes, Enron may need some revisions as well.

Kay


Attached is the revised scope of work for use with the Mt. West Work Offer.


Dear MONIKA CAUSHOLLI,

The following session's dates or location have been modified.
Please note the change.

Session
-------
    Code: ARMP - 113001
  Course: Applied Risk Management Principles
Location: EB552
    City: Houston
   Dates: Nov 30, 8:00 AM - 12:00 PM

Meetings
--------
    Nov 30, 8:00 AM - 12:00 PM

Thank you!

Docent Learning Management System.


You are cordially invited to attend an overview session provided by the ENA
Human Resource department regarding the Performance Evaluation Process
(PEP).  Employees who have not attended any previous PEP training or new
managers are strongly encouraged to attend this session.  However, all are
invited to attend.

What:   Overview of the Performance Evaluation Process
When:  Monday, October 30, 2000
   12:00-1:30 p.m. or 3:00 - 4:30 p.m.
   OR
   Tuesday, October 31, 2000
   10:00-11:30 a.m. or 12:00-1:30 p.m.
Where:  Doubletree (next to 2 Allen Center),  De Zavala Conference Room
Available seating: 50  per session
Bring your lunch. Drinks  and cookies will be provided.
If you are unable to attend, there will be a Technical and a Process guide
available through the web base site http://pep.corp.enron.com.  Also, there
is a PEP Help Desk hotline of (713)853-4777 option 4 should you have any
questions during the evaluation process.


Fred, Mark and Brian,

First of all, congratualations to Fred.

Second, I wonder if each of you could give ETS a litttle help.
We monitor all Enron companies to determine which companies sell gas.
We have to do this to comply with the "Marketing Affiliate Rule."
We think we have most of the producers, gathers and processers identified.
But, just to make sure could each of you send me a list of each of the companies you handle.
Specifically, we need the name of any of these companies in which Enron has a 10% or greater interest.
If you could identify each as a producer, gatherer or processer, it would help.
Also, we need to know whether the company sells gas at any point other than its own facilities.
Please call if your have any questions.
Thanks for your help.

Frazier King

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Enron Americas - Office of the Chairman@ENRON
Sent:	Wednesday, October 24, 2001 9:22 PM
To:	All Enron Employees North America@ENRON
Subject:	Natural Gas Origination

Our natural gas business continues to benefit from effective account management and resource allocation focused on identifying and responding to the needs of our varied customers.  In order to keep our organization optimally structured and to facilitate additional growth, we are making the following changes:

Producer/Wellhead Group
The current mid-market, origination and wellhead pricing activity currently within the Central and Eastern Gas Regions will be consolidated with the Derivatives group under Fred Lagrasta.  This will create a single business unit focused upon the needs of the producing industry within the Eastern U.S.  The producer focus in the Western U.S. and Texas will remain unchanged reporting  to Mark Whitt and Brian Redmond respectively.

Strategic Asset  Development
Laura Luce will move from her role in the Central Region to lead an effort focused strictly on identifying and entering into long-term strategic arrangements within the Central and Eastern Regions.  This initiative will focus on a limited number of selected markets that provide strategic opportunities for partnering in asset development, asset management and optimization.  This effort will continue to work very closely with the regional leads.

Central Origination and Mid-Market
Frank Vickers will continue his current role in the Eastern Region and will assume the leadership role for Mid-Market and Origination activity in the Central Region.

There will be no changes to the West and Texas Origination groups headed respectively by Barry Tycholiz and Brian Redmond.

Please join us in congratulating Fred, Laura and Frank in their new roles.

Louise & John


GIRON, DARRON C,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
COUCH, CHARLES
GOSSETT, JEFFREY
HOGAN, IRENA
MAUSSER, GREGORY
RYDER, JAMES
SOTO, ELIZABETH
TOWARD, MARY


Please call me back - I love you so much.

 -----Original Message-----
From: 	Winckowski, Michele
Sent:	Tuesday, November 27, 2001 1:24 PM
To:	Ring, Andrea
Subject:

	Andy - I have not been willing to give up the wheel chair because I have been told twice in the past two (2) years that certain signs regarding my health could be early signs of M.S.  I do not accept this I think its stress but who knows.  I have not told the kids or Bob.  I would appreciate it you didn't either so please don't telling anyone else.  Love You - Mish


Bob:  as of right now, the following are leaving

Denise Squirrel  leaving company
Natalie Baker  Central Desk rates group

The following have outstanding offers:

Cynthia Lara  Sr. Specialist  $60,000

The following will be made an offer

Josh Chapa  Sr. Specialist  $60,000

I am also planning to bring in an associate  (Phillip is working on this).

If you need anything else just let me know.  Thanks.


Please join me in congratulating the following tax professionals in
Enron-North America on their well-deserved promotions, effective August 15th.

Steve Douglas is promoted from Director to Senior Director.  Steve joined
Enron-NA,s Planning Group from the Charlotte, North Carolina firm
Fennebresque, Clark, Swindell & Hay in May of 1998.  He was previously
affiliated with the Skadden, Arps law firm in New York City.  Steve received
his BS degree (cum laude) in Finance and Mathematics from Trinity University,
his JD from The University of Texas School of Law, and his LLM in Taxation
from the New York University School of Law.

Julie Gartner is promoted from Manager to Director.  Julie came to Enron-NA
from Exxon in June 1997 with over 15 years of experience.  She began as a Tax
Manager in the Multistate Tax Group.  For the last year and one-half, Julie
has been in Enron-NA,s Reporting & Analysis Group.  Julie received her BA in
Business Administration from Southeastern Louisiana University and her MS in
Accounting from University of Houston-Clear Lake and is licensed as a CPA.

Joe Green is promoted from Tax Specialist to Senior Tax Specialist.  Joe
joined Enron-NA,s Multistate Tax Services Group in 1997.  Prior to joining
the Multistate Tax Services Group, Joe worked for sixteen years in the Tax
Departments at Coastal, Shell, and Gulf Oil.  Joe earned his BS in Accounting
from Alcorn State University.

Karen Collins is promoted from Tax Specialist to Senior Tax Specialist.
Karen came to Enron-NA Tax Group working in Reporting & Analysis in March of
1998 with 12 years of tax experience.  More recently, Karen has been working
in our Planning Group.  Karen received her BS in Accounting from Southern
Illinois University, and her MST from DePaul University.

Additionally, Ling Li has joined Enron-NA Tax from the Merchant Analyst,s
Program working in the Reporting & Analysis Group.  Ling has her BS in
Education Administration from East China Normal University, her MS in
Accounting from LSU, and is a licensed CPA.  Ling was recently promoted to a
Senior Tax Analyst.


Attached are ClickPaper approvals for January 16, 2001.


Audrey, Gerald

Attached is the proposed Third Party Processing Proposal / Letter of Intent.
Please review.  Audrey, need your help to review the processing numbers.

Ken

 - LM Processing Proposal Ltr 1-8-01.doc


Mr Konishi,

Attached is a copy of a sample confirmation as it would be written prior to
the completion of the ISDA master agreement.
Please let me know if you have any questions.

Kevin


A 1/2 hour library research workshop during dinner break, Feb. 5 & 6

Long Library's Business Databases Overview:
7:40pm to 8:10pm
Monday, Feb. 5 and Tuesday Feb. 6
Rm. F310

This overview is to give you a sense of the kinds of information available
in business databases and which database to turn to for different kinds of
information.

For example, which database is best for company information, which database
provides market sizes, which database shows actual images of company annual
reports, which database is best for current business news, where do you
find information on business environment of a country, where is the
information on the forecast for PDA sales in Brazil, etc.?

Workshop information is also at
http://www.lib.berkeley.edu/BUSI/EvMBA/spring01.html

Monica Singh
Long Business & Economics Library


Offbeat majors help CEOs think outside the box
USA Today, 07/24/01
Enron not to dampen foreign investors interest
The Economic Times, 07/24/01
Payment crisis
The Economic Times, 07/24/01
India May Allow Generators to Retail Electricity, Paper Says
Bloomberg, 07/24/01

Enron Should Be Fined by California Senate, Committee Says
Bloomberg, 07/24/01

Enron contempt citation moves forward in state Senate
Associated Press Newswires, 07/24/01

Enron,s Ken Lay On Energy and Boards
Corporate Board Member Magazine, Summer 2001

Offbeat majors help CEOs think outside the box
By Del Jones, USA TODAY, July 24, 2001
http://www.usatoday.com/money/bcovtue.htm

Enron not to dampen foreign investors interest
Our Bureau

07/24/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

THE ENRON fiasco would not dampen the interest of foreign investors who see
India as a long term investment destination, AT Kearney vice president and
managing director of its Global Business Policy Council Paul Laudicina has
said.
He felt that the fallout of the Enron controversy would not have major
negative implications for foreign investment inflows into India.
Laudicina, who is in India on Monday to address several meetings of the
businessmen, told ET in an interview that Enron should not be seen as an FDI
dispute.
"Infrastructure bottlenecks and bureaucracy are major hinderances to inflows
on FDI into the country." He added: "Enron should be seen in the context of
Indias need for investments in infrastructure sectors."
Laudicina, however, cautioned that it was for the Indian government to ensure
that the Enron controversy would not result in negative perception among
investors who did not "know" the country. "The authorities need to address
the issue frankly instead of putting on false positive face."
Further the two parties involved Enron and the government should deal with
the issue in forthright manner.
AT Kearney had reported early February that India was one of the four hot
destinations for FDI among the emerging nations, others being China, Brazil
and Mexico. Laudicina felt that the turn of events in the country since then
would not have negatively impacted the countrys attractiveness to the foreign
investors.
Foreign investors, he felt, were looking for large market size and potential
when making an investment decisions. Other important factors were consistency
of reforms process, infrastructure and availability of skilled and talented
labour.
He added that the government should realise that the FDI environment had
become more competitive since the setting in of global slowdown and investors
were increasingly more selective about their choice of destinations.
India could continue to attract FDI inflows due to its strengths but the
government needs to address the investor concerns, Laudicina said.
The strengthens notwithstanding, India needs to have a clear road map if she
want to accelerate the pace on inflows of FDI.
Compared to $40 billion annual inflows to China and $30 billion into Brazil,
India gets just about $3.5-4 billion annually. Brazil has seen FDI inflows
increase from $2 billion in 1995 to $30 billion in 2000.
He also pointed out that India could face increased competition from China in
the coming years when the latter enters WTO. The need of the hour would be
for the government to go out and ensure that investors understand facts about
the country.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Payment crisis

07/24/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

AMERICAS AES Transpower wants to be paid for the electricity that it has sold
in Orissa. Nothing strange about that. Thats how it is in any market.
But not in India. Here consumers and state electricity boards routinely
collude to gyp power generators of their dues. Till recently, Orissa was
brandished as a case study of successful power reforms.
It was one of the earliest states to attract private investment in power
generation, a pioneer in restructuring SEBs into generation, transmission and
distribution companies and one of the few states that had managed to get
private investors interested in retailing electricity. Not any longer.
A lot of that, it appears, was bunk. Today, the SEB apparently owes AES $45
million. AES wants the money to go into an escrow account where the SEB
cannot dip into it when it wants.
But escrow accounts and guarantees cant be permanent solutions to the power
crisis, which arises from three related causes political pricing of power
which charges different consumer classes different rates; the ensuing theft
of electricity from low priced connections; and state ownership of utilities,
whose employees collude with miscreants.
Its easy to get private investment in generation as long as the generating
companies can be paid. The failing Enron project shows that bankrupt SEBs
make bad customers.
So, private generators now want to sell directly to paying customers through
private distribution networks.
But when AES begins to stumble as a private distributor and when states like
UP fail to privatise distribution networks because bidders are scared then we
have a bigger problem.
That is the collapse of basic administration in states.
What good is supplying electricity if consumers refuse to pay and local
administrations side with the defaulters rather than the company thats being
done out of its legitimate dues?
A technical solution pre-paid electricity charge cards has been proposed. But
even that will fail if the administration doesnt punish power theft.
Only a broad reform agenda that includes administrative reforms in the states
will work. Piecemeal solutions wont.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

India May Allow Generators to Retail Electricity, Paper Says
2001-07-24 02:01 (New York)

     New Delhi, July 24 (Bloomberg) -- India's government may ask
parliament to pass a law allowing generators to sell power
directly to companies and big housing estates, the Business
Standard reported, citing Power Ministry officials it didn't name.
     Only state electricity boards are now allowed to retail power
that the boards buy from state and non-state generators. If
generators are allowed to retail power to large buyers, customers
would be taxed to help pay for subsidized supplies to villages and
rural consumers, the paper said.
     The Electricity Bill 2001 may be introduced during
parliament's five-week session that began yesterday, the paper
said.
     AES Corp., a U.S. power generator, said last week it wants to
pull out of a power distributor in eastern Orissa state that's
owed $45 million in past-due bills because of power thefts and
refusals to pay.
     Enron Corp., the world's biggest energy trader, and a state
electricity board in India's western state of Maharashtra have
been quarrelling for seven months over $64 million of unpaid
bills.
     At least five overseas utilities, including Electricite de
France, Europe's largest, have pulled out of Indian power projects
worth $3 billion over bureaucratic delays, slow deregulation and
payment problems.

Enron Should Be Fined by California Senate, Committee Says
2001-07-23 21:19 (New York)

Enron Should Be Fined by California Senate, Committee Says

     Sacramento, California, July 23 (Bloomberg) -- Enron Corp.,
the world's largest energy trader, should face escalating fines
levied by the California Senate until it complies with requests
for trading records, a legislative committee said.
     In a report to the full Senate, the Senate Select Committee
to Investigate Price Manipulation of the Wholesale Energy Market
suggested Enron be fined $1,000 initially. The fine should double
each day the Houston-based company fails to comply with document
requests, the committee said.
     ``Enron is and has been an active participant in the
California wholesale-energy market,'' the report said. ``The
subpoenaed documents are pertinent to the select committee's
investigation.''
     The committee is investigating allegations that power
generators and traders manipulated California's electricity market
to artificially boost prices. Enron and other companies have said
repeatedly that they acted within the law.
     ``We were rather surprised by it (the committee report),''
said Enron spokeswoman Karen Denne. ``We've been negotiating in
good faith with the committee and had made a good deal of progress
in the last week.''

                    Contempt Allegations

     The committee has twice found Enron in contempt for failing
to supply documents the committee has requested. On July 11, when
the committee voted the second time, committee Chairman Joseph
Dunn said he wouldn't deliver the contempt report to the full
Senate if the documents were turned over. Dunn, a Democrat from
Santa Ana, delivered the report Saturday.
     Enron has agreed to turn over more than 1 million documents
to the committee, Denne said. The company doesn't have an
agreement on the Senate maintaining the confidentiality of the
documents, nor on lawmakers' jurisdiction over documents not kept
in California, she said.
     Before the full Senate votes on the report, it must be taken
up by the Senate Rules Committee, said Alex Montgomery, a
consultant to Dunn. The committee is likely to take up the issue
when the Senate returns from its month-long summer recess in late
August. The report's proposed fines are intended to bring Enron
into compliance with the document requests, Montgomery said.
     ``It really is meant not to punish them, but to get them to
comply with the subpoena,'' she said. ``We would really prefer not
to be in this process.''
     On July 11, Enron sued Dunn's committee to quash the subpoena
for documents. In the lawsuit, Enron said that federal regulators
have sole jurisdiction over wholesale-energy trading and that the
committee's subpoena is too broad. Enron will continue to pursue
the suit, Denne said today.

Enron contempt citation moves forward in state Senate

07/23/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO (AP) - A contempt citation against Houston-based Enron Corp. has
been presented to the full Senate by the committee investigating possible
price manipulation in California's energy market.
The Senate Select Committee to Investigate Price Manipulation of the
Wholesale Energy Market initiated contempt proceedings after the company
failed to turn over subpoenaed documents.
Enron sued the state July 11 in an attempt to stop the subpoena of its
financial and electricity trading records. That suit remains unresolved.
The committee delivered a report on the contempt charges to the Senate on
Saturday. The Senate Rules Committee will consider the vote before the full
Senate takes it up.
The Senate recessed early Sunday for summer break and won't return until Aug.
20, delaying any action until then.
If the Senate approves the report and finds Enron in contempt,it would be the
first such move since 1929. The Senate could impose sanctions, but here are
no set penalties.
The last time the Senate imposed contempt sanctions was 72 years ago, when it
briefly jailed balky witnesses during a committee's investigation of price
fixing and price gouging allegations involving the sale of cement to the
state.
The state Supreme Court eventually upheld the Senate's right to jail those
who fail to comply with its subpoenas, but determined senators hadn't
followed all the proper procedures in the cement sale investigation.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron,s Ken Lay On Energy and Boards
Corporate Board Member Magazine, Summer 2001
by Ann Reilly Dowd  </contact_us/contact_form.shtml?Ann_Reilly_Dowd>

California may have asked for it, says this White House insider, but
everybody should be part of the solution*including directors who should
ensure their companies have an energy strategy.

When Vice President Dick Cheney sought input in formulating a national energy
policy, one of the people he listened to most intently was Kenneth Lay,
chairman of Enron and a longtime George W. Bush supporter. In 15 years Lay,
57, has turned a traditional pipeline company into an aggressive trader of
gas and electricity and a provider of broadband services. Until the deal
bogged down, it looked last year as though video rental giant Blockbuster
would use the Houston outfit,s network systems to deliver online movies. Lay,
s ambitions for Enron don,t stop there. He wants federal regulations removed
so the company can build power plants and power lines, which would put it in
direct competition with utilities. In a conversation with Corporate Board
Member,s Ann Reilly Dowd, Lay discussed the energy crunch gripping the United
States and what government and boardrooms need to do about it. He also
describes how he assembled a board that enabled him to push Enron so far into
the future. Excerpts:
On how real the energy crisis is: We have a genuine energy crisis in
California, which will see severe shortages or disruptions over the summer,
and a serious energy problem in most other places. Outside of California, the
supply/demand balance is very tight, and maybe the infrastructure is being
pushed a little hard. But the energy situation certainly needs attention. In
many ways, this country has underinvested in energy supply and infrastructure
for at least 15 or 20 years. We need to start correcting for that.
On deregulation: What led to California,s energy crisis was not deregulation
but a very flawed command-and-control regulatory system where most consumers
don,t have any choice. Deregulation is not where you have a fixed price on
the retail side of the market and a floating competitive price on the
wholesale side. It,s also not where everybody has to buy most of their supply
on the wholesale spot market. That was very, very dangerous from day one. We
need to give consumers the benefits of real deregulation.
The solution for California,s problem has to be in California. Nationally, we
need to get the rules right as quickly as possible. Part of the problem is
that there has been uncertainty in some states and regions as to what the
rules are. Uncertainty tends to lead to inaction. So we need to go ahead and
finish up the deregulation process. Mainly, we need to remove barriers for
rebuilding the infrastructure, getting the right-of-way for new transmission
lines, and building power plants.
We need to distinguish between deregulating the retail and the wholesale
electricity market. On the wholesale side, the federal government, mainly the
Federal Electricity Regulatory Commission, has a great deal of authority. One
of our recommendations has been that we need to get larger transmission grids*
regional, not just state grids. We need those to operate independently of the
distribution and power generation functions. And we need those larger
regional grids to be truly open access and nondiscriminatory. We and many
other people are convinced that would increase the carrying capacity of the
system and help us in the interim as we expand and build out the system.
On price caps: I don,t hear anyone arguing that price caps would either
reduce demand or increase supply. And many people would argue just the
opposite, that they would increase demand and reduce supply.
Here,s one example. Enron was getting ready to build a peaking power plant in
California last October. We already had the site approved, and the turbines.
Then the state imposed price caps, and we had to cancel the project because
we couldn,t justify making the investment with the price caps. At least one
other company, CalPine, did the same thing. That means that this summer there
will be about 1,000 megawatts less power available for the California market
than there would have been otherwise. That,s about 20% of the estimated peak
shortage that would have been available if there had not been price caps.
Second, price caps tend to allow political leaders to delay making the tough
decisions necessary to solve the problem. Price caps may camouflage the
problem temporarily, but they don,t solve it. And to the extent that the
right decisions and action are not taken, the problem just gets worse.
On the public backlash against energy companies and their boards: Every time
we,ve had an energy problem, we get this same reaction. There is always a
discussion of conspiracy or collusion or anticompetitive behavior or excess
profits or whatever. Each time there are investigations.
In California, it seems the political leaders are trying to blame everybody
but themselves. They need to face up to the fact that the rules are wrong and
led to a drastically dangerous situation. Now we,ve got to solve it.
First of all, we,ve got to get the prices right, so consumers realize we,ve
got to use a lot less and suppliers realize we,ve got to produce a lot more.
We,ve got to streamline the process to site and build power plants. We,ve got
to do some very significant things from the point of view of reducing demand.
And we need to open the market for competition. Then this problem will get
solved very quickly*a lot more quickly than trying to put on artificial price
caps. Everywhere we,ve tried price caps they have led to enormous economic
inefficiency and distortions.
The way we handle the criticism*and Enron,s board knows this*is by being very
open and proactive, trying to work through solutions rather than pointing
fingers and conjuring up conspiracies. I and others on the Enron team have
been to California to meet with editorial boards and business and political
leaders. We try to educate various groups on what caused the problem and what
needs to be done to solve it.
On the need for all companies to have an energy policy: Even before this
recent increase, it,s been our experience that many companies have exposed
themselves to a lot more price risk in their energy use than they realize. It,
s an area that quite often is not as actively managed as, for example, the
balance sheet. There is a lot of attention on interest rates and the
portfolio approach with some short-term, some medium-term, and some long-term
debt. We usually don,t see anywhere near the same sophistication applied to
energy, even though in many cases, companies have a lot more risk exposure in
their energy purchases or procurement than they do in their debt portfolio.
On what boards should push for: I think the kind of questions board members
should be asking are: What is our policy on hedging fuel prices? Did we lock
in any of our energy prices? If not, why not? What are we doing about the
future? Have we looked at all of our conversion and control equipment and all
of our policies and procedures? Are they truly &best in class?8 Are we
getting advice from companies that are truly world-class in this area?
On energy as a corporate asset: Enron has a major business outsourcing energy
for large industrial and commercial companies. We go in and evaluate the
energy activity, the equipment, the control systems, and the procurement
policies. Even before the recent run-up in prices, we had yet to find a
well-run business where we couldn,t reduce energy usage and costs by 5% to
15%.
Most companies, even fairly energy-intensive companies, are not necessarily
world-class at managing their energy activities. It,s not a core competency.
It,s not where the best and the brightest want to spend much time. It,s also
not a place where many companies want to spend much capital. For all those
reasons, quite often the energy convergence and control equipment may not be
the latest and most efficient, and companies may not be using best practices.
We have looked at small companies, which may not be one-tenth or even
one-twentieth the size of Enron, that are exposing themselves to more
energy-related risk than Enron does worldwide. Usually they don,t know that
until they get a price spike. Then all of a sudden, it becomes a big factor
in why they aren,t meeting their earnings and cash-flow targets. In many
companies, energy is 10% to 20% of operating costs. If suddenly that rate
goes up 50% or 75% and a company is operating on thin margins, the profits
begin disappearing,
On how to build a world-class board: At Enron, I went outside and brought in
a few key directors with a lot of creative ideas to stimulate the board,s
thinking. As we had turnover, I kept bringing in new people and,
increasingly, people from other countries, who brought specific talents that
we thought would be helpful. I also brought in a number of new executives
from different fields and backgrounds to help us jumpstart our effort to
build a significant business in the deregulating natural gas markets.
It,s the old chicken and egg proposition. The top board members want to be
with the top companies. So as you,re rebuilding the board, you,ve also got to
rebuild the company. You have to make sure you are bringing in the management
talent you need and developing and executing the strategy to move the company
in different directions. It all feeds on itself. As the talent base improves
and the company,s success is recognized, it,s easier to bring in directors.
The better directors you have, the more success you,re going to have in
business.
On transforming companies: Our biggest turning point was in the late 1980s,
when we decided to let our new deregulated business compete head-on with our
well-established and regulated pipeline business and, in the process, maybe
antagonize some of their customers and suppliers. Clearly we had divisions in
the company where some of the executive team thought that was smart, and some
thought it was dumb. We all understood it was fairly risky. The main battles
were internal within the management team. The board was supportive of taking
that risk.
Today our regulated pipelines are still a good business, but certainly that
would never give us the kind of growth and opportunity we could obtain if we
became truly &best in class8 in operating in the deregulating energy markets.
On the biggest lesson learned: The most important thing is quality of talent.
That,s true both on the management team and on the board. You have to have
good talent to attract more talent.


Daren-

Sell to Tenaska Marketing
July Deal # 399791

Tenaska is indicating that the sale for July 2000 should be priced at $3.56.
Could you confirm our sale price should have been $3.58?

---------------------- Forwarded by Katherine Herrera/Corp/Enron on
10/05/2000 08:03 AM ---------------------------

Kristen J Hanson@ECT
09/15/2000 09:37 AM
To: Katherine Herrera/Corp/Enron@ENRON
cc:

Subject: Re: Cleburne Plant

FYI- The purchase invoices have arrived and were given to Megan. Please feel
free to call Darren with any questions.
Thanks,
Kris

Daren J Farmer
09/13/2000 04:01 PM
To: Rita Wynne/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Julie Meyers/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron,
David Baumbach/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT, Mark
McCoy/Corp/Enron@Enron
cc:
Subject: Cleburne Plant

Well, folks, the Cleburne deal has started.  The deal has not been finalized
through legal.  However, we were able to "get between" a few deals and make
some money before we finalized it.  The Cleburne plant was down 7/31-8/7 and
8/31.  On these dates, we bought gas from Tenaska IV Texas Partners and sold
to ANP and Tenaska Marketing.  Because things were not set up, I could not
enter the deals until now.  Please review the following deals and settle with
the customers.

Buy from Tenaska IV
 July 399763
 Aug 399773

Sell to Tenaska Marketing
 July 399791
 Aug 399797

Sell to ANP
 Aug 399814

The trading desk these are on is "ENA-IM Cleburne".

Kris - I have forwarded invoices from Tenaska IV to you via intercompany
mail.  (I received both invoices this week)

 I am sure there are questions, just give me a call.  Tanks.

D


I am out of the office until Jan. 3.  You can reach me if it is urgent at
the following numbers:
home: 281 225 6614
cell: 832 282 0962


Mark,

Thanks a lot.

Vince

From:  Mark Ruane
04/26/2000 05:52 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: E&P model

Vince - attached is the most recent E&P version of the old corporate cash
flow model that I could find.  Note that "most recent" still dates it back a
few years.  A couple caveats:  I did try to clean it up somewhat from old
macros, but no guarntees offered.  Also, some of the underlying methodology
is not what we would probably currently use, such as for pricing, stochastic
processes, and perhaps decline rates.
Please let me know if I can provide any additional help.
Mark


Hello Eric Saibi,

 This is an automated email delivery.  The following info is for
 tracking purposes only:

 Transaction: 0000203135
 Fulfillment: 00203618*00002
 Location   : 00006

 Industrial Information Resources, Inc.
 Customer Service Department
 (713) 783-5147

 - OUTAGE.dbf


Vince,

This is my latest effort and I would appreciate your thoughts.  I know that
we haven't written together before so let me assure me that you will not
hurt my feelings by "slashing away" with a red pen.  I think that I have
put all the clay on the table for this piece of sculpture but it is still
pretty crude.  Help me "refine" the work to create something we can both be
very proud of.

By the way, I know you are extremely busy right now so don't feel pressured
to spend lots of time here.  Any guidance you can offer will be
appreciated.  I don't know what the editor's time schedule is but he asked
me to send him a draft on Monday.  You and I will still be able to edit the
manuscript but he will begin reading and editing it too.  I'll let you know
as soon as I have a final deadline.

Your friend,

John

p.s. Hope life is a bit calmer for you.  By the way, I'm reading an
interesting book entitled "The Four Agreements" by Miguel Ruiz that
documents the Toltec philosophy of life in the context of the dreams of
reality that we all create.  You might enjoy it.
 - Enron_Paper_1_16_01.doc

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


----- Forwarded by Dan J Hyvl/HOU/ECT on 04/12/2001 10:27 AM -----

	"Smith, Charles" <Charles.Smith@alcoa.com>
	04/12/2001 09:16 AM

		 To: "BETTYE L. (E-mail)" <blanghem@anthonysylvan.com>, "Rowan, Brenda"
<Brenda.Rowan@alcoa.com>, "Gensler, Christina" <Christina.Gensler@alcoa.com>,
"Dan J Hyvl (E-mail)" <Dan.J.Hyvl@enron.com>, "Doris (E-mail)"
<muleman1@earthlink.net>, "Jan (E-mail)" <janmcdonald@earthlink.net>, "Frei,
Laura (ISC at Alcoa)" <Laura.Frei@alcoa.com>, "Leroy Phillips (E-mail)"
<dimedollar@hotmail.com>, "Matous, Walter" <MatouW@alcoa.com>
		 cc:
		 Subject: FW: Life......

> Subject: Life......
>
>  <<CompuServe GIF graphic>>

 - math2.gif


If you have not already done so, please send me a list of any days you plan
to be out of the Houston Office during the month of July.  Thanks.


Harry:

Please handle as appropriate.

Regards, Alan
----- Forwarded by Alan Aronowitz/HOU/ECT on 09/07/2000 02:10 PM -----

	Tana Jones
	09/07/2000 02:03 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT
		 cc: Charlie Hoang/HOU/ECT@ECT
		 Subject: Letter of Guarantee

Per Credit, Charlie Hoang on the Confirm Desk needs an Enron Corp. guaranty
of the attached physical pulp & paper deal.  I told Credit that your group
handles physical P&P.
----- Forwarded by Tana Jones/HOU/ECT on 09/07/2000 02:01 PM -----

	Charlie Hoang
	09/07/2000 01:58 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Letter of Guarantee

Tana, per my discussion with Paul Radous, I am
supposed to provide you with some information.
Counterparty has requested a Letter of Guarantee
from the parent company of ENA for pulp purchase.
Enclosed is the contract for this deal.  If you have
questions, please cal me.  Thank you.


You're kidding, right?  Edison's at about 14.50.

 -----Original Message-----
From: 	Kaufman, Paul
Sent:	Wednesday, November 07, 2001 11:05 AM
To:	Dasovich, Jeff
Subject:	RE:

By the end of the week, our share price may be lower than Edison's.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Wednesday, November 07, 2001 8:55 AM
To:	Kaufman, Paul
Subject:

Wow, based on the share price, it appears they're having significant difficulty finding additional sources of funds.  Ain't getting any prettier.


Fellow Analysts and Associates,

The following is the agenda for the DePelchin Service Project on Saturday,
July 15th.

We look forward to seeing you then, so we can paint the Children's Gym.  (If
you think you're going to be messy, be sure to wear some old clothes!!)

The same schedule still applies.   Thank you so much for your participation
and patience!!!    Also, if you know of any other people who may be
interested we'd love to hear from them!   Or if you don't see your name below
- please let us know!

Gallin Fortunov  x58706
Julie Davidson   x36882

******************************************************************************
********************************************************
The following is the agenda for the DePelchin Service Project on Saturday,
July 15th:

8:45a.m.-9:00a.m.   - Meet at Depelchin Children's Center.       Please, see
attached file for Directions.
9:00a.m. - 9:15a.m. - Brief introduction by DePelchin's staff.
9:30a.m. - 12:00p.m. - Service Project.
12:30p.m. - Lunch.    End of Project

Make sure to come and pick up your free A/A T-Shirts as well as a detailed
map of DePelchin at EB0603b on the 6th floor.

Please note to which team you have been assigned:

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


To: Kevin Hyatt

From: http://www.carsmart.com

Date: Mon Aug 27 09:33:17 2001

Re: Carsmart Vehicle Price Quote

Vehicle: 2001 Ford F-150

Request #1781360

Thank you for using CarSmart. Your request for a vehicle price quote has been

received and is currently being processed. You may expect to be contacted by a

CarSmart dealership representative within 6-8 business hours with a quote for

the vehicle you requested.

If you prefer you may contact the dealership directly at the number below. To

insure that you will receive the CarSmart price when contacting the

dealership directly, be sure to ask specifically for the CarSmart

representative and identify yourself as a CarSmart customer.

Dealership Name: Joe Myers Ford

Address: 16634 Northwest Freeway, Houston, TX 77040

CarSmart Rep: Danny Olive

Phone:  713-744-3216

Email: sales@joemyersford.com

Your satisfaction is very important to us. If you require any assistance or if

you do not hear from the selling dealer please contact the CarSmart Customer

Service Department by email at CustomerService@CarSmart.com or by phone at

1-800-489-4025.

Thank you again for selecting CarSmart!

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

For complete car care, park at My Garage!

Use My Garage to track you car's history, receive service reminders and repair

estimates.  Get directions, maps and weather forecasts.  Read safety reports,

check recall notices and shop for insurance.  All this and more is yours at

CarSmart.com's My Garage, the only complete auto "garage" on the Internet. For

all things automotive, park your car here.


Good morning everyone:

Vince would like to schedule a follow-up meeting on Wharton as soon as
we can agree on a time.

How does Monday the 18th look for you?  Vince is free from 9:30 AM -
11:30 AM and from 1:00 PM - 4:00 PM.

Please let me know if you are available during any of these times.

Thanks!

Shirley Crenshaw
3-5290


Start Date: 4/25/01; HourAhead hour: 15;  HourAhead schedule download failed.
Manual intervention required.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/12/2001
11:12 AM ---------------------------

Shirley Crenshaw
02/12/2001 09:41 AM
To: ludkam@aol.com
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Vince's Itinerary 2-12 - 2-14-01

HI Ludmilla:

Here is Vince's itinerary for today through Wednesday.

Have a great day!


I am currently reviewing.
--------------------------
Jordan Mintz


1400 Smith.

Morning would probably be better for me.

Kay

"Wilson Montjoy" <wmontjoy@brunini.com> on 05/08/2001 09:42:44 AM
To: <Kay.Mann@enron.com>
cc:

Subject: Visit to Houston

Looks like I will be in Houston tomorrow ( Wed.) and would like to come by to
meet you and to discuss the Clarksdale contract. I'm tied up in the middle of
the day, but will probably have time early (9 or 10 am) or in the afternoon.

Please let me know your availability and we'll set something up. I assume
you're on Smith St. downtown.


See attached revised Article 4.6 Masters below.

Dp

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 03/27/2001 05:41 PM -----

	Gerald Nemec
	03/27/2001 05:07 PM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: Re: Sempra, Reliant, AEP

These look fine to me.  Go ahead and forward to Brant if you are ready.

	Debra Perlingiere
	03/27/2001 01:58 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Sempra, Reliant, AEP

Revised  Article 4.6

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


Ladies and Gentlemen.......please find attached, information about the
Nineteenth Annual ERCOT Operations Training Seminar.  Thanks, Larry.

 <<2002 Letter.doc>>  <<Agenda.doc>>  <<Registration Form.doc>>  <<Area
Hotels.doc>>


It's ok to use Blakes given the conflicts.  On the structure, I will forward
this message to Steven Douglas and ask for his advice.

Mark

	Peter Keohane
	10/16/2000 01:01 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Rob Milnthorp/CAL/ECT@ECT, David Pope/CAL/ECT@ECT, Kate
Chaney/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Robert Hemstock/CAL/ECT@ECT,
Sharon Crawford/CAL/ECT@ECT
		 Subject: Retail Initiative

Mark I am following up with you regarding legal support for this matter.

Mark P. is dedicated to this project and getting up the learning curve by
focusing his time on understanding the regulatory/statutory/licensing
requirements for a retail affiliate for Alberta electricity.  We hope to have
a recommendation shortly on an action plan for the regulatory compliance
requirements, a recommendation on contracting forms (separate commercial and
residential consumer forms) and to begin drafting forms.

However, as discussed, outside counsel legal support will be required (i) to
set up/register the retail entity to do business (subject to confirmation of
the outstanding structuring issue, on which I await an answer); (ii) confirm
all regulatory/statutory/licensing requirements for a retail affiliate; (iii)
review and advise on contracting forms; and (iv) take an advocacy position
for us at upcoming regulatory hearings.  In this regard we had agreed to talk
to Stikeman Elliott about representation.  It turns out the Stikemans has an
unresolveable conflict, as it acts for Enmax, the City of Calgary's retail
affiliate and a direct competitor.  From asking around, it also seems that
any of the firms which have/may have experience in the developing retail
market, have acquired that experience for a client that would put them in
direct conflict as well (ex. Bennet Jones - Atco/Canadian Utilities;  Macleod
Dixon and McCarthy Tetrault - TransAlta;  Burnet Duckworth - City of
Calgary/Enmax/City of Medicine Hat;  Borden Ladner Gervais - EPCOR), many of
whom we have no experience in dealing with in any event.  It seems to me that
the available alternatives are Blake Cassels & Graydon and Osler Hoskin &
Harcourt, neither of whom to my specific knowledge have specific expertise in
this area.  However, as noted, those with any actual (or purported) expertise
tend for that reason to be conflicted.  Accordingly, my suggestion is that I
speak to Blakes to see what expertise they have, but likely nonetheless
retain them (assuming there is no conflict) on the basis of their general
capabilities and their understanding and commitment to Enron.  At the end of
the day, even if there is a learning curve, it is seemingly learnable and
inevitable.  Please let me know if you have a problem, as we need to move
quickly to get on with the project.

To confirm, you were going to let me know how we should proceed with
structuring the affiliate (liability vs. tax efficiency), which may be
affected by how and if EES participates.

Once the ball is rolling on the Alberta electricity front, we will re-focus
on gas and other jurisdictions, such as Ontario.

Regards, Peter.


The attached deal list are the deals behind those contracts, for those deals that are currently not included in the bankruptcy books. Please note that there are still several deals that I am trying to reconcile back to Sitara numbers. Assuming that I can do so, I will send supplemental information tomorrow afternoon.

Please feel free to contact me if you have any additional questions or concerns.

Thank you,
Cyndie
ext. 3-1443


513386 has been changed.
514418 - no such deal.

Kerri Thompson@ENRON
02/05/2001 02:30 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

513386 should be apb

514418  broker has cob


WGSI supports the PG&E clarification.  Mike Day

-----Original Message-----
From: Craig Chancellor [mailto:craigc@calpine.com]
Sent: Wednesday, April 26, 2000 1:20 PM
To: 'Sullivan, Glen J.'; 'MBD'; 'Leslie, John'; 'Elsesser, Evie';
'McCrea, Keith'; 'Pocta, R. Mark'; 'Dasovich, Jeff'; 'Beach, Tom';
'Burkholder, John'; 'Amirault, Paul'; 'Alexander, Michael'; Craig
Chancellor; 'Dingwall, B.'; 'Douglass, Dan@SES'; 'Fawcett, Jeff';
'Porter, Doug'; 'Rochman, Michael'; 'Counihan, Rick'; 'Bayless, David';
'Paul, Joe'; 'Jimison, John'; 'Foss, Robert'; McVay, Nancy W - TPNWM;
'Scott, Susan'; 'Karp, Joe'; 'Johnson, Pamela'; 'gileau, patrick'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Follett, B. David - TPDBF; Brill, Thomas R.; Van Lierop, Jan - TP2JXV;
Harrigan, James P. - TP1JPH; Sakarias, Wayne P.; Purves, Ralph A.;
Teeter, James S.; Watson, Steven - TP2SAW; Cherry, Brian - TPBKC;
Whitaker, Sue
Subject: RE: Gas Industry Settlement

Another substantive change to consider is the allocation of firm capacity at
Wheeler Ridge between the north and south points.  Currently the settlement
has 520 for WH-N and 120 for WH-S for a total of 680.  PG&E has proposed a
"let the market decide" approach on the primary/secondary split by setting
each receipt point at its physical capacity (WH-N @ 520 and WH-S @ 500 with
the combination not greater than 680).  This approach provides more
flexibility to the shipper to move between the two points and maintain the
quality of the firm service.  I do not see any cost to SoCal or any other
party to the settlement by making this change.  I know Rich Hall has
discussed this with several of you already.  Attached is a document he sent
me outlining proposal.  Calpine supports this change but realizes that all
parties need to agree.

Thanks

Craig

 <<Wheeler Ridge capacity .rtf>>

> -----Original Message-----
> From: Sullivan, Glen J. [SMTP:GSullivan@sempra.com]
> Sent: Wednesday, April 26, 2000 12:58 PM
> To: 'MBD'; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea, Keith'; 'Pocta, R.
> Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder, John'; 'Amirault,
> Paul'; 'Alexander, Michael'; 'Chancellor, Craig'; 'Dingwall, B.';
> 'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug'; 'Rochman, Michael';
> 'Counihan, Rick'; 'Bayless, David'; 'Paul, Joe'; 'Jimison, John'; 'Foss,
> Robert'; McVay, Nancy W - TPNWM; 'Scott, Susan'; 'Karp, Joe'; 'Johnson,
> Pamela'; 'gileau, patrick'
> Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
> Follett, B. David - TPDBF; Brill, Thomas R.; Van Lierop, Jan - TP2JXV;
> Harrigan, James P. - TP1JPH; Sakarias, Wayne P.; Purves, Ralph A.; Teeter,
> James S.; Watson, Steven - TP2SAW; Cherry, Brian - TPBKC; Whitaker, Sue
> Subject: RE: Gas Industry Settlement
>
> To signatories to the Comprehensive Settlement:
>
> ALJ Biren has given us until Friday of this week (April 28, 2000) to file
> "errata" to the Comprehensive Settlement.
>
> So far, I am planning to make the following non-substantive changes:
>
> 1.  The table of contents was seriously messed up by an "automatic update"
> feature in Word just before we duplicated and filed.  I will be putting it
> back to the state you saw in the final draft.
>
> 2.  On p.7, section 1.12, put a period at the end of the last sentence.
>
> 3.  On p.9, section 1.1.3.1,  two thirds of the way down the page, I will
> be
> changing "subject to adjustment annual by the base rate PBR formula" to
> "subject to adjustment annually by the base rate PBR formula".
>
> 4. On p.27, section 1.5.4, in the third full paragraph on the page, I will
> be changing "If only one customer has an OFO day" to "If only one customer
> class has an OFO day".
>
> 5.  Also on p.27, section 1.5.4, bottom line on the page, I will be
> filling
> in the blank with "C" (so it reads "Appendix C")
>
>
> In the category of "maybe substantive",
>
> 1.  On p.10, section 1.1.3.2, three lines from the bottom of the page, the
> date "October 1, 2000" would be changed to "October 1, 2001".  This
> sentence
> refers to including the cost of backbone transmission for core customers
> buying gas from SoCalGas in the "procurement" rate.  Obviously, our intent
> was to do that only once we had unbundled backbone transmission, which
> happens on October 1, 2001.
>
>
> In the category of "substantive":
>
> 1.  Our capacity term sheet had said that we would unbundled "additional"
> (non-reliability) storage for CTAs effective upon implementation of the
> settlement (See p.4).  The filed settlement managed to drop the section
> that
> provided for this option for CTAs prior to the principal storage change on
> April 1, 2001.  (The filed settlement is ok for the period starting April
> 1,
> 2001).  So, to be consistent with the term sheet, we need to insert
> something back into the settlement to allow CTAs to opt out of
> non-reliability storage in the period from the effective date (90 days
> after
> approval) to April 1, 2001.  Obviously, this may not be a very long
> period.
> John Leslie has suggested inserting at the very beginning of Section
> 5.4.4.3:  "In the partial storage year beginning on the effective date of
> this Settlement Agreement, and....[continue with current text]."  We would
> need to cover as part of implementation filings the exact
> mechanism/pricing
> for SoCalGas purchasing gas in storage owned by CTAs if they opt out of
> nonreliability storage prior to April 1. 2001.  SoCalGas and SDG&E are ok
> with John's language and want to make sure it is ok with other
> signatories.
>
>
> If you have any problems with any of these changes, please contact me or
> Brian Cherry by noon on Friday, April 28.  My email is
> gsullivan@sempra.com
> and my phone is (619) 699-5162.  Brian's email is bcherry@sempra.com and
> phone is (213) 244-3895.
>
> We are looking at the possibility of two or three additional changes, and
> Brian may send you a follow-up message.
>
> -- Glen Sullivan
> Sempra Energy Law Dept.


PanEnergy purchase: Deal #231758.

Gas in the amount of 271 mmbtus for April 1st was purchased from PanEnergy on
deal # 231758 .
However, scheduling has indicated that they have no sale for that gas on day
one and as a result, it is not pathed in the system.

Could you please review this item and see if it should or shouldn't be a sale
so that Scheduling can either path April 1st or I can dispute the volume
being billed to us by Pan Energy.

This is part of Pan Energy's exchange deal.

Katherine
5-8643
-------------------- Forwarded by Katherine Herrera/Corp/Enron on 07/28/2000
12:57 PM ---------------------------

Carlos J Rodriguez@ECT
07/21/2000 09:37 AM
To: Katherine Herrera/Corp/Enron@ENRON
cc: Thu Nguyen/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT, Howard B
Camp/HOU/ECT@ECT

Subject: Re: Centana Mobil April 00

Katherine

 As I  told Thu before (see below), I did not see any volumes for that deal
in 4/00. I think this volume is some residue that flow from the last day in
March and probably should be allocated to that month. I dont show a deal to
purchase or sell that gas in April. If you have any more questions please let
me know, thanks.

Carlos

Katherine Herrera@ENRON
07/20/2000 03:50 PM
To: Carlos J Rodriguez/HOU/ECT@ECT
cc: Thu Nguyen/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT, Howard B
Camp/HOU/ECT@ECT
Subject: Re: Centana Mobil April 00

Deal #231758
This brokered gas in the amount of 271 mmbtus for April 1st was purchased
from PanEnergy on deal # 231758
Could you please review this item and see if it should be pathed, so that I
may pay Pan Energy for the gas in question?

Katherine
5-8643
---------------------- Forwarded by Katherine Herrera/Corp/Enron on
07/20/2000 03:43 PM ---------------------------

	From:  Thu Nguyen @ ECT                           07/20/2000 03:38 PM

To: Katherine Herrera/Corp/Enron@ENRON
cc:

Subject: Re: Centana Mobil April 00

Katherine,

 This is a brokered deal (Buy Deal 231758 and Sell Deal 93472).  This first
day was not pathed, that's why you are missing volume of 271.  Per Carlos
(see below) the deal was not for day one.

Thu
---------------------- Forwarded by Thu Nguyen/HOU/ECT on 07/20/2000 03:34 PM
---------------------------
From: Thu Nguyen on 05/11/2000 04:18 PM
To: Carlos J Rodriguez/HOU/ECT@ECT
cc:
Subject: Re: Centana Mobil April 00

Carlos,

 I don't think I can allocate April's volume to March production.  Could you
please extend the deal to April 1 so that I can allocate it.  Thanks

Thu

Carlos J Rodriguez
05/11/2000 08:34 AM
To: Thu Nguyen/HOU/ECT@ECT
cc: Carlos J Rodriguez/HOU/ECT@ECT
Subject: Re: Centana Mobil April 00

Thu, I did not see any volumes for that deal in 4/00. I think this volume is
some residue that flow from the last day in march and probably should be
allocated to that month. If you have any more questions please let me know,
thanks.

Carlos  3-6673

	From:  Thu Nguyen                           05/10/2000 09:31 AM

To: Carlos J Rodriguez/HOU/ECT@ECT
cc: Kyle R Lilly/HOU/ECT@ECT
Subject: Centana Mobil April 00

Carlos,

 There is flow os 271 for 04/01/00.  Deal 93472 was not path for the same
day.  Could you please let me know what needs to be done.

Thu
3-7159


no reporting breakdown yet - but these are the proposed rights RAC gwill have
on enrononline:

M

2 -  Legal

Authorising group for product types.

Read only rights on product manager.
Read only rights for customer manager.


no who do you want

 -----Original Message-----
From: 	Hull, Bryan
Sent:	Friday, November 02, 2001 1:28 PM
To:	Cuilla, Martin
Subject:	free agents

did you get our free agent bids?


He's not there.
-----Original Message-----
From: Kitchen, Louise
Sent: Saturday, January 05, 2002 10:46 AM
To: Oxley, David
Subject: RE: Umbrella transaction

Oh good - have you sent Presto's yet????

-----Original Message-----
From: Oxley, David
Sent: Saturday, January 05, 2002 10:42 AM
To: Kitchen, Louise
Subject: RE: Umbrella transaction

I am here!!!!!!!!!!!!!!!!!!!!!!!!!

-----Original Message-----
From: Schoppe, Tammie On Behalf Of Kitchen, Louise
Sent: Saturday, January 05, 2002 10:34 AM
To: Oxley, David; Kitchen, Louise
Subject: RE: Umbrella transaction

You're supposed to be here!!!!!!!!!!!!!!1

Tammie Schoppe
Enron Americas-Office of the Chair
Assistant to Louise Kitchen
713.853.4220 office
713.646.8562 fax
713.253.2131 mobile

-----Original Message-----
From: Oxley, David
Sent: Saturday, January 05, 2002 10:09 AM
To: Kitchen, Louise
Subject: RE: Umbrella transaction

No response yet.

-----Original Message-----
From: Kitchen, Louise
Sent: Sat 1/5/2002 9:09 AM
To: Oxley, David; Lavorato, John
Cc: Cash, Michelle; Rahaim, Christian; Jarrett, Anthony; Davies, Neil
Subject: RE: Umbrella transaction


Start Date: 4/20/01; HourAhead hour: 15;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042015.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/20/01
  UNIT_ID: HARBGN_7_UNITS

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/20/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_VICK1
  ENGY_TYPE: NFRM


One more thing on the SDEC project:  According to the option agreement we
executed last October, we agreed to reimburse Certosa Holdings for actual
third party costs that they incurred in support of our necessary
applications, submittals and in seeking local approval.  Several weeks ago,
we recieved an invoice from Shutts & Bowen, attorney for Certosa Holdings
requesting reimbursement pursuant to the contract.  I forwarded this invoice
on th Ann Elizabeth not necessarily to pay for but to review considering this
whole soft cost hard cost discussion.  I recieved another call this morning
from Shutts & Bowen asking about the invoice.  What should I do?
 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, May 23, 2001 11:03 AM
To: Krause, Greg
Subject: RE: AEW's backup

Greg,

You can call me on whatever you have, including Midway, SDEC and Medley
Dunn.  If I have a problem getting to something, I'll find help.

Kay

From: Greg Krause/ENRON@enronXgate on 05/23/2001 10:50 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: AEW's backup

Kay,

Ann Elizabeth did not provide a designated hitter for the South Dade Energy
Center (Dade Development Company LLC is Optionee, Certosa Holdings is
Optionor) nor did she provide one for tne Medley Dunn project.  I have been
told that the Dunns are considering backing off their ultimatums that they
gave Ann Elizabeth and I regarding taxes to the town and assumption of
enviromental liability.  Who do I talk to about the Dunn contract while Ann
Elizabeth is out?
 -----Original Message-----
From:  White, Ann Elizabeth
Sent: Tuesday, May 22, 2001 10:33 PM
To: gkrause@enron.com; Krimsky, Steven; Ben Jacoby/HOU/ECT@ENRON; Carnahan,
Kathleen
Cc: Milligan, Taffy
Subject: AEW's backup

Kay Mann is the designated hitter for the Pompano and Deerfied projects while
I'm on vacation.  I've given her a down load of the status of Greg and
Steve's projects.  Chris Boehler at A&K will be the designated hitter for
Midway.  I'm not going to check my voice mail while I'm gone but, if
necessary, here are the contact numbers while I'm gone.

Walter and Marlena Schilling  011-49-8218-89351 schilling.jun@freenet.de

Monika and Bernhard Steinacher 011-49-8232-8932 m.steinacher@schwabmuenchen.de

If you call, Walter and Bernhard and Bernhard's daughter, Susanne, speak very
good English.  Monika's isn't bad.  Marlena may get flustered and hang up on
you.

Best of luck at Deerfield and hope to see Pompano on track when I get back in
the office on June 11th.  Kay is planning on going to Florida on June 12 for
the moratorium hearing and the rezoning hearing.


Kerr McGee gas Daily request for May 01 deliveries,  20% --- 5,200 Gas Daily, 20,800 1st of the month Index

---------------------- Forwarded by Brian M Riley/HOU/ECT on 04/26/2001 01:14 PM ---------------------------

"Williams, DeAnn" <DWILLIAMS@KMG.com> on 04/26/2001 11:16:53 AM
To:	"'briley@enron.com'" <briley@enron.com>, "'Brian.M.Riley@enron.com'"	 <Brian.M.Riley@enron.com>, "'Sherlyn Schumack'"	 <Sherlyn.Schumack@enron.com>, "'Cynthia.Hakemack@enron.com'"	 <Cynthia.Hakemack@enron.com>
cc:	"Perez, Edgar" <EPerez@kmg.com>, "Doss, Randal" <rdoss@kmg.com>, "Johnson, Chuck" <CJOHNSON@KMG.com>
Subject:	Double A for 5/1/01 Business

Attached is my Word file, for you to print out the monthly exhibits from
Jan-01 forward, and process each monthly exhibit for approval by HPL.  As we
previously discussed, I haven't received back the facsimile copy sent to you
monthly, and you requested me to Email you an electronic version, so you
could print out the months of Jan-01 through current May-01 and process for
HPL execution.  Once executed by HPL, please fax back to me at (405)
270-2296.

Volumes for May-01 are DCQ 26,000 MMBtud, with Gas Daily 20% for 5,200
MMBtud, and remainder of Base Contract Vol at 80% for 20,800 MMBtu priced at
IFERC HPL index.

Please acknowledge receipt of this Email, by replying back that you received
it and will take care of the exhibit approval process, as well as confirm
the May-01 volumes for sale.  Thank you.

 <<doubleA-exhibit f revised.doc>>
De Ann Williams
Kerr-McGee Oil & Gas Corporation
(405) 270-2070, fax (405) 270-2296
Email:  dwilliams@kmg.com

 - doubleA-exhibit f revised.doc


Yes - I've added it.

Kerri Thompson@ENRON
03/08/2001 12:28 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: fee

538871 should there be a fee on this trade?

thanks!


The engagement letter was mailed last week.  If you do not get it by tomorrow
please let me know.  Thank you.


Ken and Mike...here it goes again since it seems like the first message did
not go through...best regards, Herbert Arturo Molina

------Original Message------
From: Mail Delivery Subsystem <postoffice@staff.juno.com>
To: herbert_molina@juno.com
Sent: December 4, 2000 10:57:27 PM GMT
Subject: Returned mail: User unknown

The original message was received at Mon, 4 Dec 2000 17:56:55 -0500 (EST)
from herbert_molina@juno.com

   ----- The following addresses had permanent fatal errors -----
ken_rice@enron.com
mike.mcconnel@enron.com

   ----- Transcript of session follows -----
.... while talking to mailman.enron.com.:
>>> RCPT To:<mike.mcconnel@enron.com>
<<< 550 5.1.1 <mike.mcconnel@enron.com>... User unknown
550 mike.mcconnel@enron.com... User unknown
>>> RCPT To:<ken_rice@enron.com>
<<< 550 5.1.1 <ken_rice@enron.com>... User unknown
550 ken_rice@enron.com... User unknown

Content-Transfer-Encoding: 7bit
Received: from cookie.juno.com by cookie.juno.com for
<"lzoMpIx+BCKlXfnnpCzNt62bH6ybg5lCW8Ub3ZFOHFGPiI0urBbj1mRepLDx1QLI">
Received: (from herbert_molina@juno.com) by m22.boston.juno.com (queuemail)
id FQGU6VNS; Mon, 04 Dec 2000 17:56:55 EST
To: ken_rice@enron.com, Jeff.skilling@enron.com
Cc: mike.mcconnel@enron.com, whalley@enron.com
Date: Mon, 4 Dec 2000 17:58:07 -0500
Subject: Herbert Molina's current search campaign
Message-ID: <20001204.175809.169.0.herbert_molina@juno.com>
X-Mailer: Juno 4.0.11
MIME-Version: 1.0
Content-Type: text/plain
X-Juno-Line-Breaks: 0,6-7,14-15,21-22
X-Juno-Att: 0
X-Juno-RefParts: 0
From: Herbert Molina <herbert_molina@juno.com>

Gentlemen:
I good friend at Sun suggested me to contact  all of you at Enron  in
regard to the direction of my current searching campaign as  I have made
the decision to leave my post as Vice President and General Manager of
Network Associates Latin America and Caribbean. It is of my understanding
that Enron is undergoing a huge  internal transformation to become one of
the leading E-Commerce players worldwide.

Network Associates is the leading and independent provider   of total
security software solutions to monitor and protect telecommunications,
E-Commerce and internet applications worldwide. Since I was given the
mission to start  the region in 1996 I have been instrumental to
increase sales from 2M to 35M US in 4 years. I have been in charge of
supervising and managing over 100 employees across the region and the US
with complete P&L responsibilities.

Previous to join NAI, I worked  for Seagate where I had the
responsibilitity to set up the whole  supply chain in South Florida and
and across the region resulting in a sales increase from 25M to 125M US
in 4 years. With over 20 years of experience selling and transfering
technology internationally I feel proud of my record and accomplishments.

Should any of you be interested in talking to me about any opportunity
within any of your organizations, please do not hesitate to call me at
954-452-0664. Thank you in advance for your positive consideration. Best
regards, Herbert Arturo Molina

 - Herbert.PDF


The second revision for Meter 0722015-01 Hartley IA. TBS #1 is complete.  If you need more info please give me a call @ 713-646-7410.

     Thanks,

     Frankie Adams

 -----Original Message-----
From: 	Bollinger, Joni
Sent:	Thursday, 12 27, 2001 14:48
To:	Carr, James
Cc:	Adams, Frankie; Zadow, Raetta; Blair, Lynn; Anderson, Gary E.; Floyd, Jodie
Subject:	RE: Hartley IA TBS #1

James,

As soon as we have a revised PPA invoice for October that we feel will be the final info, could you fax a copy to me.  The customer is waiting for some other data from me that uses SMS and DDVC amounts for the past year, and I cannot finish the info for him until we have this resolved.  I'd like to call him and give him an update.  Do you know approximately when we might have the revised PPA?

Thanks,

Joni

 -----Original Message-----
From: 	Floyd, Jodie
Sent:	Thursday, December 27, 2001 12:58 PM
To:	Adams, Frankie
Cc:	Zadow, Raetta; Carr, James; Bollinger, Joni; Blair, Lynn; Anderson, Gary E.
Subject:	Hartley IA TBS #1

Frankie,  the customer has requested that NNG reallocate the Hartley IA, TBS #1, Meter Number (722015-01) again for October 01.  Attached are the daily volume allocations that Clayton Energy has agreed to for the meter.  If you have any questions please give me a call.

								j.  floyd

							 << File: 722015.xls >>


TJ,
Please put on my calendar for every Tues., thanks.  Also, please notify my
team that we will have a meeting with the marketing group every Mon at 3:30pm
that Ed Baughman should be setting up with you.  That should be a weekly
thing too.

Fletch

---------------------- Forwarded by Fletcher J Sturm/HOU/ECT on 01/25/2001
05:51 PM ---------------------------

Jennifer Burns

01/23/2001 04:27 PM

To: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Michael W
Bradley/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT,
Adam Gross/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John J
Lavorato/Corp/Enron@Enron, Kevin McGowan/Corp/Enron@ENRON, Vince J
Kaminski/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Fletcher J Sturm/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Bill
White/NA/Enron@Enron, Gary Hickerson/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT
cc: Ina Rangel/HOU/ECT@ECT, Judy Zoch/NA/Enron@ENRON, Gloria
Solis/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT, Tamara Jae
Black/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Shirley Crenshaw/HOU/ECT@ECT,
Angie Collins/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT
Subject: TRADER'S ROUNDTABLE MEETING

There will be a Trader's Roundtable meeting every Tuesday at 4:00PM in
EB3321.

First Message that was sent out:
As mentioned during the fourth quarter, Gary and I would like to begin
regular meetings of our Trader's Roundtable.  The ideas generated from this
group should be longer term trading opportunities for Enron covering the
markets we manage.  In addition, this forum will provide for cross commodity
education, insight into many areas of Enron's businesses, and promote
aggressive ideas.

Each week, we'll summarize commodity trading activity, and provide an open
forum for discussion.  Your input is valuable, and we've limited this group
to our most experienced traders, and would appreciate regular participation.
Our first meeting will be Tuesday, January 16 at 4:00pm in EB3321.


FYI.  How all of this may work with respect to the swaps in these structures
(which I believe to have been signed, but still have not been provided
executed copies) is unclear.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 11/07/2000 09:57 AM -----

	Joel Ephross@ENRON
	11/06/2000 07:28 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc: mspradling@velaw.com
		 Subject: Merger of Raptor 2 and 3

FYI.

Mark -- lets give some thought to how this effects both structure and the
ability to give the FAS 125 opinions on the sale of the notes on Raptor 3.

----- Forwarded by Joel Ephross/Corp/Enron on 11/06/2000 07:14 PM -----

	Jordan Mintz@ECT
	11/06/2000 06:52 PM

		 To: Joel Ephross/Corp/Enron@ENRON
		 cc: Ryan Siurek/Corp/Enron@ENRON, AnnMarie Tiller/Corp/Enron@ENRON, Brent
Vasconcellos/Corp/Enron@ENRON, brenda.funk@enron.com@ENRON
		 Subject: Re: Raptor 2 and 3

At AMT's and/or Brent's convenience, I would like to better understand the
tax issue and discuss what steps we can take to mitigate as this proposal has
real momentum.

Thanks.
Jordan

From: Joel Ephross@ENRON on 11/06/2000 05:59 PM
To: Jordan Mintz/HOU/ECT@ECT
cc: Ryan Siurek/Corp/Enron@ENRON, AnnMarie Tiller/Corp/Enron@ENRON, Brent
Vasconcellos/Corp/Enron@ENRON, brenda.funk@enron.com
Subject: Re: Raptor 2 and 3

From discussing this with Brent and AnnMarie, there may some tax issues with
merging these 2 structures. As best I can articulate this, the merger of
Timberwolf into Porcupine would be treated as a reissuance of debt by LJM,
causing them to recognize gain [made all the worse by no associated
distribution of tax]. The TIA executed in connection with Raptor 3 would
require indemnififcation by ENE based on LJM's demand in this case, withuot
the need for the Service to take a position on the issue.

	Jordan Mintz@ECT
	11/06/2000 02:08 PM

		 To: rastin@velaw.com, Joel Ephross/Corp/Enron@ENRON
		 cc: AnnMarie Tiller/Corp/Enron@ENRON
		 Subject: Raptor 2 and 3

At his staff meeting this morning, Andy raised the possibility of some type
of "merger" between Raptor 2 and 3 so as to provide support for the hedge on
TNPC warrants.  My understanding is that Ryan is currently reviewing the
feasibility of this type of arrangement from an accounting perspective.  I
wanted to provide you with a heads-up in the event that this takes on some
urgency in the next few days/weeks.

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


---------------------- Forwarded by Scott Neal/HOU/ECT on 10/09/2000 11:08 AM
---------------------------

"John & Catherine Byrd" <jcbyrd@ev1.net> on 10/09/2000 09:57:47 PM
To: <Paul.Stehr@standardregister.com>, <david_m_benninger@reliantenergy.com>,
<butch@watsonmoving.com>, <Delozier.s-Don@USA.conoco.com>, <efalldr@aol.com>,
<Jimmy.Daggett@ST-Systems.com>, <joe_a_hays@oxy.com>,
<jhaveman@danielind.com>, <letenhave@freewwweb.com>, <markjpate@hotmail.com>,
<marks@stes.com>, <rkgbh@aol.com>, <rhancock@nmhn-law.com>,
<sneal@enron.com>, <troy_utz@ml.com>
cc:
Subject: Indian Guides October 2000

Hey Dads - The October event will be an outing to  the Wings Over Houston
Airshow on Sunday, October 22nd. We will meet at James  Coney Island at 12:30
PM, have lunch and caravan to the show at Ellington Field.  Tickets can be
purchased in advance at Kroger. Adult tickets are $15, children 6  - 11 $5.
You can get coupons over the internet reducing the cost to?adult  tickets to
$10 and children's tickets to $4. Check out the web site
www.wingsoverhouston.com
?
Please let me know if you are planning to attend  and if you would like
me?buy your tickets for you.
?
Yat-teh-hey
?
Johnny Byrd
?


Hey guys!

Are any of you going to make it to the luncheon for Caycie on Saturday?  We
are trying to get a head count.

Also, Trish, is your mom coming?

See you soon!  I am excited for this weekend.

Love, Lisa


The enclosed research report is being sent to you from PaineWebber by:

 Emery Financial Group

 713-957-7020

 rocky.emery@PaineWebber.COM

Please contact them if you have any questions or would like to discuss this
material.

The information contained in the attached research report is believed to be
reliable, but its accuracy is not guaranteed.  PaineWebber Incorporated
and/or Mitchell Hutchins Asset Management Inc., affiliated companies and/or
their officers, directors, employees or stockholders may at times have a
position, including an arbitrage position, in the securities described herein
and may sell or buy them to or from customers.  These companies may from time
to time act as a consultant to a company being reported upon.

You will need the Adobe Acrobat Reader to view this document.  If you don't
already have it just click on this link,
http://www.adobe.com/prodindex/acrobat/readstep.html, and follow the
on-screen instructions.  The Acrobat Reader is free of charge.

 - P004624420001219D01.pdf


Steve,

Are you available on Wednesday to discuss the Ivanhoe station?  We want to describe to you what the situation is and get your advice on what our regulatory options are.  I'm available anytime except 9:00-10:00 and 2:00-3:00.

Mansoor, how about you?

Thanks, Kim.

 -----Original Message-----
From: 	Lebeau, Randy
Sent:	Friday, March 01, 2002 10:42 AM
To:	Watson, Kimberly
Cc:	Jordan, Fred
Subject:	FW: TW Question in Amarillo

Kim, regarding the question below pertaining to the abandonment of units at Ivanhoe, what do we need to do next?  We are currently out of compliance on the ESD system and would like to get the ball rolling as soon as possible.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Friday, March 01, 2002 10:33 AM
To:	Lebeau, Randy
Subject:	RE: TW Question in Amarillo

Thanks for the feedback. Kim Watson is the appropriate person to talk to on this.
Steve

 -----Original Message-----
From: 	Lebeau, Randy
Sent:	Friday, March 01, 2002 10:26 AM
To:	Harris, Steven
Subject:	TW Question in Amarillo

This is just to follow up on the phone message I left for you today (Friday, March 1).

The questions raised in the employee meeting with Stan Horton in Amarillo this week regarding gas that has gone off the system, had to do with NNG facilities not TW.
 As I stated in the voice mail, we do have an issue at the Ivanhoe station.  The HP there has not run in several years, but as long as it's in place, we are required to maintain the ESD system.  We would like to pursue the abandonment in place of the units.  If we don't do this, we are looking at some significant costs to make repairs and upgrades to the system.  Our question is, who do we need to work with on this effort?

Thanks for following up so quickly after Stan's visit.
Randy


Good Morning All!

Just a reminder that Cheryl will be in class all day today and most of tomorrow.  She will be checking voicemail.  Please feel free to contact me should you need immediate assistance.  Have a great morning!

Keegan Farrell
EB3875
713-345-3317


Dawn, call me on Lambie and Brodeur.


sup hook

J A S  d 1


Audience for the report?  Is it you and Philippe, or will the report be
distributed to all on your memo distribution list?  May make a difference in
information provided.

We can update you on progress toward commercialization of mid and back office
operations in the report.  Would you also like some operating data - # of
deals, bcf scheduled, etc.?  We can come up with a format and suggested
content this week.  --Sally

Louise Kitchen
01/22/2001 12:17 PM
To: tammie.schoppe@enron.com, Greg Piper/Corp/Enron@Enron, Andy
Zipper/Corp/Enron@Enron, Harry Arora/HOU/ECT@ECT, Beth
Perlman/enron@EnronXgate, Jenny Rub/Enron@EnronXgate, Dan Bruce/HOU/ECT@ECT,
Robert Jones/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT, Thomas D
Gros/NA/Enron@Enron, Kerry Roper/GPGFIN/Enron@ENRON
cc: Philippe Bibi
Subject: Weekly Report

I am asking Tammie to compile a Weekly Report (for delivery 8am Monday
mornings) which is formatted as below.  Please make sure starting next week
the information if received in adequate time.

Deals Signed
LOI Signed
NDAs signed
Earnings Report (from Kerry)
Individual Group general update (to include deals working plus other info)

Thanks

Louise


Mike - please prepare a request for confidential treatment of this responses
as you have been doing for all the other data requests.
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/06/2000 12:09 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Fuller, Don" <DFuller@caiso.com>@caiso.com>
10/06/2000 11:30 AM

Sent by: "Happ, Susan" <SHapp@caiso.com>
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc:
Subject: Subpoena from the Attorney General of California and FERC

Market Participants and Scheduling Coordinators:
The California ISO has received the attached subpoena from the Attorney
General of California. The ISO intends to request confidential treatment for
information that is listed in ISO tariff section 20.3.2.  The ISO will keep
Market Participants appraised of the result of its request.  However, the
ISO's activities do not absolve Market Participants and Scheduling
Coordinators from their right and responsibility to themselves seek
confidential treatment for confidential information pursuant to ISO tariff
section 20.3.4.

In addition, the California ISO has received the attached requests for data
(9 and 10) from the Federal Energy Regulatory Commission (FERC) in the
context of FERC's Bulk Power Investigation (the nationwide fact-finding
probe of electric markets and recent price spikes). To the extent the
requests includes a request for information that is listed in ISO tariff
section 20.3.2., the ISO will seek confidential treatment for such
information pursuant to 18 C.F.R. 388.112.

Any concerns relating to the subpoena and data requests should be
communicated by close of business on Monday, October 9 to Jeanne Sole at
916-608-7144 and jsole@caiso.com and copied to Beth Ann Burns at
bburns@caiso.com, Charlie Robinson at crobinson@caiso.com and Norma Formanek
at nformanek@fbm.com. The Attorney General contact on the subpoena is
Richard Rochman (415) 703-1404.  The FERC contact on the data request is
Robert Pease at (202) 208-0131, robert.pease@ferc.fed.us
<mailto:robert.pease@ferc.fed.us> .

Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

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

 - 10-6AGSubpoena.pdf
Message-ID: <s9dcc1cf.018@internet>
From: Lyle Hanagami <lyle.hanagami@ferc.fed.us>
To: EHildebrandt@caiso.com, jsole@caiso.com
Cc: crobinson@caiso.com, skarpinen@caiso.com, Robert Pease
<robert.pease@ferc.fed.us>, William Meroney   <william.meroney@ferc.fed.us>
Subject: ISO-9, May/Jun 98 HA forecast and ISO-10
Date: Thu, 5 Oct 2000 15:00:38 -0700
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01C02FC3.875581B0"

Attached are ISO-9 and ISO-10 which will be followed by a fax copy.  For
ISO-10, I will be faxing a sample of the data I am looking for which is the
"projected Daily Operating Loads and Resources" report (confidential data
eliminated)

Any concerns regarding this data request, please contact Lyle Hanagami at
(202) 208-0103.  As for processing of your responses to FERC, please email
your responses to Lyle Hanagami or if you decide to mail or FAX your
response, please use the following address or FAX #:

Mailing:     Federal Energy Regulatory Commission
   OMTR-Energy Markets
                 c/o Lyle Hanagami, Room 82-59
                 888 First St. N.E.
                 Washington, D.C. 20426

Phone: (202) 208-0103

E-mail lyle.hanagami@ferc.fed.us

FAX:          (202) 208-1010

 - ISO-10.wpd
 - ISO-9.wpd
 - CoverLtr5.wpd


Shirley,

Can you get tickets for either night Ehud mentioned?
Maybe Vasant and Zimin can join us?

Vince
 -----Original Message-----
From: 	"Ehud I. Ronn" <eronn@mail.utexas.edu>@ENRON [mailto:IMCEANOTES-+22Ehud+20I+2E+20Ronn+22+20+3Ceronn+40mail+2Eutexas+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 20, 2001 11:08 PM
To:	Kaminski, Vince J
Subject:	1.  London, June 28 - 29; 2.  Houston, July 16 - 17

Vince:

Greetings.

I write at this time for two reasons.  First, w.r.t. 6/28 - 6/29 London, I
remain uncertain whether you intend personally to attend and present at
that EPRM Financial Math course.  I wanted to advise you know that, in
addition to the sightseeing/theatre we traditionally do at these events, we
-- you, Duane Seppi, Peter Nance and I -- have been invited to dinner at
the home of Klaus and Renee Toft Sat. evening 6/30.

Second, w.r.t. the subsequent mid-July Houston training course, I write to
remind you that at EPRM 2001 we discussed the possibility of jointly
attending a baseball game at Enron Field 7/16 or 7/17.  Per the Astros'
schedule, it turns out the Cleveland Indians will be in town both nights
for a 7:05 p.m. first-pitch start time at the Field.  Let me know if either
7/16 or 7/17 works out from your perspective.

Hope all is well.  Best,
Ehud

==============================================
     Ehud I. Ronn
     Jack S. Josey Professor in Energy Studies
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


-----Original Message-----
From: 	Miller, Stephanie
Sent:	Monday, October 29, 2001 7:54 AM
To:	Whitt, Mark
Subject:	FW: WESTERN FRONTIER PROJECT

FYI - WE'RE CHECKING ON ENTERGY
 -----Original Message-----
From: 	Calcagno, Suzanne
Sent:	Monday, October 29, 2001 7:53 AM
To:	Kinsey, Lisa; Sullivan, Patti; Schrab, Mark L.; Miller, Stephanie; Superty, Robert
Subject:	WESTERN FRONTIER PROJECT

WILLIAMS PUTS MEAT ON THE BONES OF WESTERN FRONTIER PROJECT DESIGN

Touting a need for more pipeline capacity linking the "prolific" supply basins of the central Rockies and increasingly hungry Mid-Continent markets, The Williams Cos. Inc. last week took the next step by filing for authorization to build and operate the Western Frontier project.

The sponsor has in hand four negotiated-rate deals for long-term service covering roughly two-thirds of the 540,000 Dt/day of project design capacity, it told FERC in an Oct. 24 certificate application (CP02-11). Williams wants to have the $366 million project up and running by Nov. 1, 2003; it asked the commission to issue a final certificate by Dec. 11, 2002, so that it can commence construction by the following April.

Williams unveiled initial plans for Western Frontier early last summer (IF, 9 July, 14) and held an open season in June and July. To carry gas from the Power River, Big Horn, Wind River and Green River basins- estimated to hold 173 Tcf of potential and recoverable reserves - the new 30-inch-diameter mainline would run 398 miles, starting at the Cheyenne Hub and ending at an interconnection with the system of affiliate Williams Gas Pipelines Central Inc. in Beaver County, Okla. Characterizing the Cheyenne Hub as "a liquid point of supply," Williams asserted that "presently, supply capability to the hub has outpaced transportation capacity away from the hub to market areas due to insufficient pipeline infrastructure."

Along the way, the Western Frontier mainline would make another interconnection with Williams Central as well as with Northern Natural Gas Co., ANR Pipeline Co., Natural Gas Pipeline Co. of America and Panhandle Eastern Pipeline Co., "thus providing multiple avenues for gas produced in the central Rockies to be transported throughout the Mid-Continent using the existing pipeline grid."

To "further enhance its supply options," the sponsor wants to build a 9.7-mile lateral from the mainline to the Wattenberg gas processing plant east of Denver to tap the Denver-Julesberg basin. Rounding out the project design are two new compressor stations, the 10,000-horsepower Chalk Bluff station to be constructed at the Cheyenne Hub and the 20,000-hp Denver station to be built in Adams County, Colo. Following the open season, Williams hammered out precedent agreements with Marathon Oil Co. (75,000 Dt/day), Williams Energy Marketing and Trading Co. (200,000 Dt/day), Utilicorp United Inc. (15,000 Dt/day) and Entergy Power Generation Corp. (75,000 Dt/day). The initial term for the deals is 10 years, except for Marathon which committed to a five-year term with an option to extend it an additional two years, said the application.

"Other shippers have expressed serious interest for the remaining capacity on Western Frontier, and active negotiations are moving forward with these potential shippers," said the application, adding that Williams was "confident . . . that the remaining capacity will be committed in the upcoming months." With the addition of compression, the project could "facilitate relatively inexpensive expansions to accommodate future market growth," the sponsor told FERC. And that may well be necessary, it continued, pointing to "stagnant to declining supply" in the Mid-Continent basins coupled with "projected demand increases." As in many areas of the country, "much of the anticipated demand increase is attributed to installation and operation of . . . gas-fired electrical generation," it said. The 11,439 Mw of "active winter generating capacity" in the combined service areas of Western Frontier and Williams Central is expected to more than double by 2004, said Williams.

The application seeks negotiated rate authority for the project operator, Western Frontier Pipeline Co. LLC, and approval of initial recourse rates. The maximum daily reservation rate under schedule FTS would be 35?/Dt for contract demand in Zone 1 and 79.4?/Dt in Zone 2. Under the negotiated deals reached with the four "anchor" shippers, Utilicorp and Entergy would pay a combined reservation and commodity rate of 25?/Dt at a 100% load factor for Zone 1 service to the Williams Central Hugoton station in Kansas, while WEM&T would pay a combined rate of 30?/Dt for Zone 2 transportation to the Williams Central system in Oklahoma and Marathon would pay 32?/Dt under the shorter contract for Zone 2 service to interconnects with ANR, Panhandle and Williams Central in
Oklahoma. All transportation would originate at the Cheyenne Hub.


Yeah I like to hassle Eric and  I really kind of miss it actually.  My cell
phone number is 503-702-0463 and my home number is 503-228-7767.  I would
love to grab a beer with ya sometime.  Are you going to the Civil War Game
next weekend?