Yeah, and heth goth  a lisp.   Missed you at the Bay-Bash on Friday.  A lot
of fun!  Adios.  DF

	From:  Robert Jones                           12/13/99 03:44 PM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Enron Tag Line Change

Drew,

Who is Frank Bayouth?  Did Frank Bay change his name?

R-

	From:  Drew Fossum                           12/13/99 09:21 AM

To: Frank Bayouth@Enron, Robert Jones/Corp/Enron@ENRON
cc:

Subject: Enron Tag Line Change

Q:  What has ECI done for me lately?  A:  Forced me to get new business
cards.  Thanks a lot.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/13/99 09:20
AM ---------------------------

	From:  Office of the Chairman                           12/10/99 05:49 PM

Sent by: Office of the Chairman
To: All Enron Worldwide
cc:

Subject: Enron Tag Line Change

Dear Enron Employees:

 With the addition of communications to our core businesses, it is
appropriate for us to modify our existing tag line to simply "Endless
possibilities."  This change is effective immediately and replaces our
current tag line of "Natural gas. Electricity. Endless possibilities."

 To achieve our goal of a unified Enron brand, each employee has the
responsibility to make the Enron image a consistent and strong identity.
This is partially accomplished through correct application of the logo and
tag line.  A revised Corporate Identity Guidelines Book has been developed to
assist you in following the correct standards.  You may obain a copy of this
new book by completing a Forms Request and ordering Item #42629.    These
guidelines will also be made available electronically on the Brand Site at
home.enron.com.

 We'd like to take this opportunity to remind all of you about the importance
of maintaining a consistent look, especially with our stationery and business
cards.  It has come to our attention recently that some employees are having
these items produced by outside vendors and are not following the established
guidelines.  This must stop immediately.  Please use the internal resources
available to you for these items.  They will ensure that all guidelines are
followed correctly and consistently.  If you have questions on how to get
these items or on the guidelines, you may contact Marge Nadasky in Corporate
Identity at marge.nadasky@enron.com.

 One name, one company....one Enron.  Our recent reorganization brings us
another step closer to realizing this goal.  Please make sure you do your
part to protect and strengthen the Enron brand around the world.

 Thank you for your continued support and cooperation.

      Office of the Chairman


Joe:

Attached are the Deemed ISDAs for the two deals that were done yesterday with the referenced counterparties.  Let me know if you have any questions or need anything else.

Marie


FYI-just keeping you in the loop.
---------------------- Forwarded by Laurel Adams/HOU/ECT on 10/11/2000 08:27
AM ---------------------------

John Greene
10/11/2000 05:41 AM
Sent by: John Greene
To: Julie Pechersky/HOU/ECT@ECT
cc: Laurel Adams/HOU/ECT@ECT, Judi Hemsley/LON/ECT@ECT
Subject: Re: Autex London

Julie,

I just spoke to Emma Clasby (011-44-207-369-7307) at Autex re: the
installation on my desktop in London.  I gave her your name and number to
help coordinate this install.  Apparently the setup here will be the same as
the setup in Houston.  In other words no new permissioning, contracts, etc.
will be required.  As the app is on the network in Houston I would think it
would be fairly easy to "recreate" the script or whatever it is to work in
London.  I will leave all that in your capable hands.

For your information, I have now had Win 2K installed and am using it almost
exclusively.  Therefore, you may need to direct the Autex people to the Win
2K rollout team (I've been working with Judi Hemsley) to get it on my
desktop.   Also, for your information, there are apparently still issues with
Reuters Kobra so I have had to get Bridge Telerate installed and it appears
to be working fine in the Win 2K environment.

Please let me know if and when you hear from Emma and/or if anyone wants to
discuss any of this further.

Thanks and regards,
John
---------------------- Forwarded by John Greene/HOU/ECT on 11/10/2000 11:34
---------------------------

John Greene
13/09/2000 12:40
To: Julie Pechersky/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT
cc:

Subject: Re: Autex London

Julie/Laurel,

I just spoke with Neil Allen regarding getting Autex installed here in
London.  I gave Neil both of your names as contacts to get the installation
process and any related contractual issues going.  Neil promised me that
someone would be in contact with either me or one of you today.  Please let
me know if someone has not contacted either of you in the next few days.

Thanks and regards,
John

Julie Pechersky
12/09/2000 14:02
To: John Greene/LON/ECT@ECT
cc:

Subject: Re: Autex London

I spoke with a Neil Allen with Autex about 2 weeks ago and asked him to call
you.  I also sent him an email last week to find out if he had
contacted you yet but have gotten no response.  I called the head of the
London Autex office who is Tony Booth but he is currently in Sweden.
I asked that either Neil or someone make contact with you as soon as
possible.  Let me know if you do not hear from someone.  The number
to the Autex office in London is 171 369 7103 and I believe that Neil Allen's
number is 207 369 7352.

Thanks,

Julie

John Greene
09/12/2000 02:39 AM
To: Julie Pechersky/HOU/ECT@ECT
cc:
Subject: Autex London

Julie,

Have balls in the air with both Instinet and ITG.  Thanks.  Have not heard
anything from Autex, though.  Can you please chase up with someone there for
me because I do not have a contact there.

Thanks and regards,
John


_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - 10-22 1600 Report.xls


?
Just what you need to update your knowledge of Project Finance:
?
A two-day tutorial;
Two half-day??
?? workshops;
An advanced,?
?? two-day seminar.
	PROJECT FINANCE WEEK

	April 23-27, 2001  The Roosevelt Hotel  New York, NY
	http://www.pmaconference.com/pfweek.pdf

April, 2001

The energy crisis in California is making clear to players throughout the
power industry that shortages of generation capacity lead to chaos. Across
the nation there is a renewed concern about capacity and with that a
resurgence of power development. Perhaps the most essential element set in
the power development process is Project Finance. As the power industry
re-doubles its efforts to add generation, training in Project Finance becomes
ever more a requirement.

Your organization's best opportunity to gain a working knowledge of Project
Finance quickly is attendance at Infocast's Project Finance Tutorial,
scheduled for April 23 and 24, 2001 in New York, NY. Infocast's Project
Finance Tutorial has enjoyed twelve successful years of introducing industry
professionals to the essential elements of Project Finance. Attendees will
learn:

The Contractor's Perspective On Construction, Completion and Performance Risk?
The Impacts of Fuel Supply?
How Lenders Evaluate Project Structures and Credit Risk?
The Role of Credit Ratings Agencies in Project Financings?
How to Understand and Using Market Assessments in Merchant Power Financings?
Risk Management Strategies for successful financings

And attendees hear lessons delivered in case studies by seasoned developers
and financiers.

On April 25th, Infocast offers two educational workshops that explore in
detail two of the most complex elements of Project Finance: Workshop One:
Negotiating and Documenting the Key Project Agreements.?? Workshop Two:
Predicting the Price of Power for Asset Valuation in Merchant Power
Financings

Additionally, Richard Grant and Robert O. Gurman, two of North America's most
experienced project financiers will deliver Project Structuring in the Real
World: An Advanced Seminar, April 26 and 27. This seminar has been winning
resounding applause from past attendees. The instructors deliver a seminar
with a wealth of real-world advice and sound tips on successfully structuring
a project for financing.

Tuition of the week is:

Project Finance, The Tutorial?
$1495.00?
April 23-24, 2001?
Workshop #1, Project Agreements
$450.00?
Morning of?
April 25?
Workshop #2, Predicting Prices
$450.00?
Afternoon of?
April 25?
The Advanced Seminar
$1,395.00
April 26-27, 2001
Tuition for the Whole Week
$3,195.00
April 22-27, 2001

To view the brochure, please visit http://www.pmaconference.com/pfweek.pdf


Has this been verified. Rick


everyone on the list - as well as shanna and louise.  you can invite others
if you want

From:  Bryan Hull
01/05/2001 10:33 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Happy Hour

Who is going to the Happy Hour?


Hi Betty -
Hope this little note finds you doing well.  Didn't we have a wonderful time
of fellowship last night.?  Claudette had such a fresh anointing on her.  She
spoke so beautifully.

Listen, I have your email adress but not your phone #.  Is the some reason
other than the fact that I've never asked?  You can reach me @ any of these
#'s...

Home#...281 583-1348
Work #...713 853-7520
Cell   #...713 320-6450


Suzanne,
Are you handling this for EECC?
---------------------- Forwarded by Mary Fischer/HOU/EES on 07/31/2001 01:40 PM ---------------------------
From:	Michelle Leblanc/ENRON@enronXgate on 07/31/2001 01:34 PM
To:	Elizabeth Atkinson/ENRON@enronXgate, Chris Blizard/Enron@EUEnronXgate, Jay Burgess/ENRON@enronXgate, Obed De La Cruz/HOU/EES@EES, Kurt Eggebrecht/ENRON@enronxgate, Joey Esperance/ENRON@enronXgate, Mary Fischer/HOU/EES@EES, Dara M Flinn/HOU/EES@EES, James Ginty/ENRON@enronXgate, Robert Guthrie/ENRON@enronXgate, Jeff Herrold/ENRON@enronXgate, James Hollman/ENRON@enronXgate, "Jones, Michael C." <Michael_C_Jones@pgn.com>@SMTP@enronXgate, Mary Joseph/ENRON@enronXgate, Jennifer Kennedy/ENRON@enronXgate, Harry Kent/ENRON@enronXgate, Glenn Kobes/ENRON@enronXgate, Robyn Larson/ENRON@enronXgate, Karen Laumand/ENRON@enronxgate, Patricia A Lee/HOU/EES@EES, Robbie Lewis/ENRON@enronXgate, Ling Li/ENRON@enronXgate, Essie Locklear/ENRON@enronXgate, James MacCallon/ENRON@enronXgate, Dub Morris/ENRON@enronXgate, "Murray, Jim" <Jim_Murray@pgn.com>@SMTP@enronXgate, Caroline Nugent/ENRON@enronXgate, Tom Rainbow/ENRON@enronXgate, Greek Rice/ENRON@enronXgate, Dixie Riddle/ENRON@enronXgate, Sally Seelig/HOU/EES@EES, Mary Sontag/ENRON@enronXgate, John Swafford/ENRON@enronXgate, Glen Walloch/ENRON@enronXgate, Robert Ward/ENRON@enronXgate, Robert Wilcott/ENRON@enronXgate, David C Williams/ENRON@enronXgate, Danny Wilson/ENRON@enronXgate
cc:
Subject:	RE: 2nd Current Estimate Model

Attached is an updated 2nd Current Estimate Model.  Apparently, the one we received earlier only included the 3rd Quarter numbers.  Please review your models and make the adjustments as necessary.  I would still like to receive all models by the end of the day on Wednesday, August 1.

Thanks,
Michelle

 -----Original Message-----
From: 	LeBlanc, Michelle
Sent:	Monday, July 30, 2001 7:45 AM
To:	Atkinson, Elizabeth; Blizard, Chris; Burgess, Jay; De La Cruz, Obed; Eggebrecht, Kurt; Esperance, Joey; Fischer, Mary; Flinn, Dara; Ginty, James; Guthrie, Robert; Herrold, Jeff; Hollman, James; 'Jones, Michael C.'; Joseph, Mary; Kennedy, Jennifer; Kent IV, Harry; Kobes, Glenn; Larson, Robyn; Laumand, Karen; Lee, Patricia; Lewis, Robbie; Li, Ling; Locklear, Essie; MacCallon, James; Morris, Dub; 'Murray, Jim'; Nugent, Caroline; Rainbow, Tom; Rice, Greek; Riddle, Dixie; Seelig, Sally; Sontag, Mary; Swafford, John; Walloch, Glen; Ward Jr., Robert (Bob); Wilcott, Robert; Williams, David C.; Wilson, Danny
Subject:	RE: 2nd Current Estimate Model

It would help if I attached the model.  Sorry about that.

 << File: Model from Steve 07_27.xls >>

 -----Original Message-----
From: 	LeBlanc, Michelle
Sent:	Monday, July 30, 2001 7:16 AM
To:	Atkinson, Elizabeth; Blizard, Chris; Burgess, Jay; De La Cruz, Obed; Eggebrecht, Kurt; Esperance, Joey; Fischer, Mary; Flinn, Dara; Ginty, James; Guthrie, Robert; Herrold, Jeff; Hollman, James; Jones, Michael C.; Joseph, Mary; Kennedy, Jennifer; Kent IV, Harry; Kobes, Glenn; Larson, Robyn; Laumand, Karen; Lee, Patricia; Lewis, Robbie; Li, Ling; Locklear, Essie; MacCallon, James; Morris, Dub; Murray, Jim; Nugent, Caroline; Rainbow, Tom; Rice, Greek; Riddle, Dixie; Seelig, Sally; Sontag, Mary; Swafford, John; Walloch, Glen; Ward Jr., Robert (Bob); Wilcott, Robert; Williams, David C.; Wilson, Danny
Subject:	2nd Current Estimate Model

Attached is the 2nd current estimate model from corporate financial planning.  They believe the numbers by business unit are materially correct.  (The only exception to this would be the EGF group.)  They have not had the opportunity to thoroughly analyze the numbers, ask questions of the business units, tie out the numbers to actuals, or examine the overall picture.  Therefore, changes are likely to be coming over the next week or so.

In the meantime, please prepare your model and make sure that it ties to the attached model.  I would like to receive all models by the end of the day on Wednesday, August 1.  If you are not able to meet this deadline, please let me know ASAP.  As I receive updated models, I will be sure to forward them to you.

Thanks,
Michelle
3-0931


For the roundtable:

Gas:  John Arnold, Phillip Allen, Mike Grigsby, maybe Hunter Shively
Pwr:  Fletch Sturm, Rogers Hearndon, maybe Kevin Presto
Oil:  John Nowlan, Bill White, maybe Adam Gross
Coal/Emissions:  Kevin Mcgowan
Equities:  Gary Hickerson, Michael Bradley
Other:  Vince Kaminski, Jen Fraser

Have I left anyone off?  What do you think?


I will be out of the office starting  06/07/2002 and will not return until
06/11/2002.

IF you need to contact me before I return,  you can have me paged by
calling 304-987-3254.


Neale / Suzanne

Below is Sheila's breakdown of the P&L impact for your reference.

As spoken with Neale earlier, we have instructed Rajah & Tann to do the
necessary searches on MTM and EPTS to establish if they have substantial
assets in Singapore. I will forward the results to you once received on order
that you may opine fully on the merits of the case and arbitration procedure.

Regards

Matt
---------------------- Forwarded by Matthias Lee/SIN/ECT on 10/08/99 01:55 PM
---------------------------

Sheila Foo
10/08/99 11:07 AM
To: Matthias Lee/SIN/ECT@ECT
cc: Russell Aeria/SIN/ECT@ECT

Subject: P/L Impact- Hyundai/ MT Pacific Valour

Hyundai:
Initial Costs  443
Freight    25
   -----
   468

Replace by purchase from (Cost 490 and freight of 54)
Enron Europe 544
   ===
Difference   76
   ===

On 3000MT Paraxylene cargo, P/L impact is -$228,000


The water could be 100 feet or more away from the dock, depending on how long
it blows that hard.   I hope our shrimp come back.

"Neil Mann" <nmann@erac.com> on 10/04/2000 04:22:32 PM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: St. Francis

Both!
I agree that having Matt come to our house the first time is best.
I had already looked at the weather. North winds to 25 mph. How much water
would be left in the bay?
Connecticut's new. You haven't been there with Enron have you? Better take a
coat!! Saturday the 14th is my Saturday to work. I can bring Michael with me
if necessary. No big deal.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, October 04, 2000 3:35 PM
To: nmann@erac.com
Subject: RE: St. Francis

I don't know if it is meant to make us feel better, or it just IS better.

I thought maybe Matt could come visit one of these off days.  Michael would
probably be more comfortable in his own home.  I checked the weather, and
it looks like we picked the right weekend to go to Palacios last weekend.

I'm still looking good for Monday at home.  I'll probably leave Wednesday
night to go to Connecticut, back on Friday.  It looks to me like next week
is my best travel week.

Kay

"Neil Mann" <nmann@erac.com> on 10/04/2000 03:38:37 PM

Please respond to <nmann@erac.com>

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: St. Francis

You were right, it does warm my heart. Thanks for sharing.
It certainly appears God is trying to show us we made the right decision,
don't you think.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, October 04, 2000 3:09 PM
To: NikMat53@aol.com
Subject: Re: St. Francis

Please tell Matt that I will talk to Michael, and I know that he will be
glad to come over soon.

As you anticipated, he is still adjusting, so he isn't fully relaxed yet,
but knowing Michael, he will settle down soon.  Are you going to be around
for the long weekend?  Maybe Matt could come over for a visit, letting
Michael build a little confidence in a familiar environment.

Kay

NikMat53@aol.com on 10/04/2000 03:00:27 PM

To:   Kay.Mann@enron.com
cc:

Subject:  Re: St. Francis

Dear Kay,

Glad to hear Michael has settled in already.  We seem to have a great class

and Mrs. Norris is a wonderful teacher!  Please call at any time if you
have
any questions  that I can help answer or point you in the direction of
trying
to get them answered.

We would love to have Michael over one day after school.  Matt has told me
they have been playing together and he wanted to know if he could come
over.
I told him I would talk with you and see if we could set something up.
Please call if you think Michael would like to come play and we can work
something out. (If Michael needs to settle in a while, I certainly
understand.) Our # is 713.984.0126.  Hope to hear from you soon!


Hi Chris,

Tonight we are rolling out a new report.  Currently, only you and Jon have access to it.  You'll select it off the main reports menu.  It will say "NGX Download report".  When you launch it, it will show the data on screen like all other reports.  There is a button at the bottom that says "Export".  Clicking it will give you several selections.  Choose the one that says "Save to NGX XML".  You can then save it as a file which can be mailed to NGX.

Let me know if there is anyone else who needs access.

Thanks!
 -jay


Mark,

I am going to give a presentation on risk management to Wharton Business Schools professors.
Do we have a presentation about Enron (January 2001 or the 1st quarter summary) from
which I could borrow a fee slides about Enron?

Vince


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/10/2000
08:58 AM ---------------------------

Angela Barnett
08/09/2000 07:46 AM
To: Sandra R McNichols/HOU/ECT@ECT, Pamela Mitchell/HOU/ECT@ECT, Judy
Walters/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Angela Gill/NA/Enron@Enron,
Regina Blackshear/Corp/Enron@ENRON, Eve Puckett/Corp/Enron@ENRON, Diane
Salcido/Corp/Enron@Enron, Jorge Olivares/Corp/Enron@ENRON, Monique
Phillips/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, kCurley@tmh.tmc.edu, Topey
0661@ol.com, kttn0965@aol.com, Warren Perry/Corp/Enron@Enron, Derick
Jones/Corp/Enron@Enron, Nikki Johnson/NA/Enron@Enron
cc:
Subject: Fwd: [Fwd: Fw: Fw: join me in prayer (198)

---------------------- Forwarded by Angela Barnett/HOU/ECT on 08/09/2000
07:43 AM ---------------------------

McJenjil@aol.com on 08/07/2000 04:56:51 PM
To: Angela.Barnett@enron.com, JMarti8873@aol.com, MrPokeFreak@aol.com,
Somrenae@aol.com, csimpson@wcnet.net, Worship47@juno.com
cc:
Subject: Fwd: [Fwd: Fw: Fw: join me in prayer (197)

Return-path: <BOW7952@aol.com>
From: BOW7952@aol.com
Full-name: BOW7952
Message-ID: <98.88f2e99.26be3540@aol.com>
Date: Sat, 5 Aug 2000 23:28:00 EDT
Subject: Fwd: [Fwd: Fw: Fw: join me in prayer (196)
To: jrr9000@hotmail.com, BVDBEN@aol.com, skbothum@yahoo.com,
shutupuface@worldnet.att.net, janet.davis@usvgi.mail.abb.com (Janet Davis),
Seustace@sohmission.org, SFisher302@aol.com, gasparks@gateway.net,
zoellen@swbell.net, glynnh2288@yahoo.com, jeanene.lanier@mcdermott.com,
lhubbell@houston.rr.com, McJenjil@aol.com, ptrainer@goldston-engineering.com,
JMRoden@Equilon.com (Joan Roden), DENNYHAL@HAL-PC.ORG, rayna@accountron.com
(Rayna Shaunfield), DTAYLOR@houston.rangeresources.com,
srsmith@duke-energy.com (Steve Smith), svernon@hvj.com (Susan Vernon)
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To: Spencer Walker <bigworm_828@yahoo.com>, Kelly Walker
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Subject: [Fwd: Fw: Fw: join me in prayer (195)
Content-Type: text/plain; charset=us-ascii

AYRIX wrote:

> ----- Original Message -----
> From: Becky Loyd <rsloyd@yahoo.com>
> To: denise mraz <dmraz@netdoor.com>; Candice Mullins <dmmullins@ayrix.net>;
> Stacy <stloyd@yahoo.com>; barbara walker <bebeepop@ayrix.net>; Tommy Loyd
> <loyd1204@bellsouth.net>; <julesper@yahoo.com>
> Sent: Friday, August 04, 2000 1:31 PM
> Subject: Fwd: Fw: join me in prayer (194)
>
> >
> > --- Charter <charter4@earthlink.net> wrote:
> > > Reply-to: "Charter" <charter4@earthlink.net>
> > > From: "Charter" <charter4@earthlink.net>
> > > To: "Winscott" <jmwinsco@netdoor.com>, "Susan Toney"
> > > <sbtoney@yahoo.com>,
> > >         "Susan" <freshley@worldnetla.net>, "Steve"
> > > <sroberts@jam.rr.com>,
> > >         "Paulette Sullivan" <paulette@gulfpak.com>,
> > >         "Morton" <jamesnash@beci.net>,
> > >         "Michelle & Teresa"
> > > <charter@worldnetla.net>,
> > >         "Kim Gaal" <kegaal@hotmail.com>, "Joe Pope"
> > > <ejpope@worldnetla.net>,
> > >         "Jim" <SilentHitz@aol.com>, "Jan"
> > > <geljdl@aol.com>,
> > >         "Dorothy" <delliot9745@earthlink.net>,
> > > "Donna" <dkdadams@hotmail.com>,
> > >         "Becky Loyd" <rsloyd@yahoo.com>, "Barbara"
> > > <barb101@worldnetla.net>,
> > >         "Andrea" <aharrigan@cp-tel.net>
> > > Subject: Fw: join me in prayer (193)
> > > Date: Fri, 4 Aug 2000 14:42:53 -0500
> > >
> > > Relax and let God be the only Person on your mind
> > > while you read this Prayer. If we can take the time
> > > to read long jokes, stories, etc.,we should give the
> > > same respect to this prayer. Friends that Pray
> > > together, stay together. Let's pray...
> > >
> > >
> > > Dear Lord, I thank You for this day. I Thank You for
> > > my being able to see and to hear this morning. I'm
> > > blessed because You are a forgiving God and an
> > > understanding God. You have done so much for me and
> > > You keep on blessing me. Forgive me this day for I
> > > have sinned. I ask now for Your forgiveness.
> > >
> > >
> > > Keep me safe from all danger and harm. Let me start
> > > this day with a new attitude and plenty of
> > > gratitude.
> > > Let me make the best of each and every day and give
> > > my best in all that is put before me. Clear my mind
> > > that I can hear from You. Broaden my mind that I can
> > > accept all things. Let me not whine and whimper over
> > > things I have no control over. Let me continue to
> > > see sin through God's eyes and acknowledge it as
> > > evil. And when I sin, let me repent, and confess
> > > with my mouth my wrongdoing, and receive the
> > > forgiveness of God. And when this world closes in on
> > > me, let me remember Jesus' example-to slip away and
> > > find a quiet place to pray. It's the best response
> > > when I'm pushed beyond my limits. I know that when I
> > > can't pray, You listen to my heart.
> > >
> > >
> > > Continue to use me to do Thy Will. Continue to bless
> > > me that I may be a blessing to others. Keep me
> > > strong that I may help the weak and unsaved. Keep me
> > > uplifted that I may have words of encouragement for
> > > others.
> > >
> > > I pray for those that are lost and can't find their
> > > way.
> > > I pray for those that are misjudged and
> > > misunderstood.
> > > I pray for those who refuse to share a word from
> > > You.
> > > I pray for those who don't know You intimately.
> > > I pray for those that will only read this and not
> > > speak this aloud in their own lives.
> > > I pray for those that will delete this without
> > > sharing it with others.
> > >
> > > I pray for those that don't believe. (But) I thank
> > > you that I believe. I believe that God changes
> > > people and God changes things.
> > > I pray for all my sisters and brothers. For each and
> > > every family member in their households.
> > >
> > > I pray for peace, love and joy in their homes, that
> > > they are out of debt & all their needs are met.
> > > I pray that every eye that reads this knows there is
> > > no problem, circumstance, or situation greater than
> > > God. Every Battle is in His hands for Him to fight.
> > >
> > > I pray that these words be received into the hearts
> > > of every eye that sees them and every mouth that
> > > confesses them willingly.
> > >
> > >
> > > This is my prayer. In Jesus Name, Amen.
> > >
> > >
> > > If you are one of the people who stand in agreement
> > > with this prayer and prayed this prayer change the
> > > number in the subject box before forwarding the
> > > message so people can SEE how many people have done
> > > so.
> > >
> > >
> > >
> > >
> >
> >
> > __________________________________________________
> > Do You Yahoo!?
> > Kick off your party with Yahoo! Invites.
> > http://invites.yahoo.com/


did you ever get this back from ken?

---------------------- Forwarded by Joan Quick/HOU/ECT on 11/28/2000 04:27 PM
---------------------------
From: Joan Quick on 11/09/2000 04:16 PM
To: Teresa G Bushman/HOU/ECT@ECT, kckrisa@apex2000.net, Randall L
Gay/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Stacey J Brewer/HOU/ECT@ECT
cc: Scott Josey/Corp/Enron@ENRON, Arvel Martin/HOU/ECT@ECT, Mark
Castiglione/Corp/Enron@ENRON, Paul T Lucci/NA/Enron@Enron, Mark
Whitt/NA/Enron@Enron (bcc: Joan Quick/HOU/ECT)
Subject: ENA and Crescendo Agency Agreement

This is the draft of the Agency Agreement between ENA and Crescendo.  I will
have Gerald fill out the notices section with information re Stacy.  Please
look over and  let me know by Monday at noon if you have any changes.

Thanks.
joan

---------------------- Forwarded by Joan Quick/HOU/ECT on 11/09/2000 03:55 PM
---------------------------
From: Gerald Nemec on 11/09/2000 03:02 PM
To: Joan Quick/HOU/ECT@ECT
cc:
Subject: Re:

Sorry for the delay.  Please review the attached draft.  If it looks OK we
can send to Ken for execution.

	Joan Quick
	11/09/2000 01:38 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject:

hi gerald,  where do we stand in getting that agency agreement between ENA
and crescendo?

thanks


Group,
Please see below.  It is important that we notify our customers regarding
changes in the schedules.  All the updated phone numbers have been put in
your boxes and a sheet with numbers is also taped to the desk.  If you cannot
reach a customer, please attempt to notify Chris Foster or myself.
Thanks,
Bill

---------------------- Forwarded by Bill Williams III/PDX/ECT on 04/04/2001
08:29 AM ---------------------------

	From:  Chris H Foster                           04/03/2001 10:24 AM

To: Bill Williams III/PDX/ECT@ECT
cc: Greg Wolfe/HOU/ECT@ECT

Subject: ISO Hour Ahead Schedule Adjustments

Bill:

Can you make an effort to tell everyone in real time to try to remember to
contact the services customers when a schedule adjustment that incs of decs
their generation comes from the ISO.  If we tell them what their final
schedule is, they can't argue that it was our fault.  Even if we do not
notify them, it is currently our position, that it is not our fault, but at a
minimum, for customer service, we should try to notify them.

Thanks!

Chris


Dave Onuscheck left me a voice mail message that Frank had not yet reviewed
the change order. Dave predicted it would be tomorrow am.  That's getting
close., but if it is done by then we probably won't be subjected to bodily
harm.

Kay


Sean, I am working with Nikolay in Enpower IT (Bill Crook's and Will Smith's group) on this project.  They advised the week after next week they shall give us something to test on.  I will update you on that when it happens.

Fran Chang
West Power Risk Management
503.464.7973 (phone)
503.464.3740 (fax)

 -----Original Message-----
From: 	Crandall, Sean
Sent:	Friday, November 09, 2001 11:08 AM
To:	Chang, Fran
Subject:	FW: Important! DART product

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Thursday, November 08, 2001 12:19 PM
To:	Crandall, Sean
Subject:	RE: Important! DART product

I think that if the Enpower guys can modify the Build Route Reports to have a check box that says Exclude DART deals, and have it default to the checked position.

That should take care of it.

 (Both versions of build route, Will Smith will know what I am talking about).

 -----Original Message-----
From: 	Crandall, Sean
Sent:	Thursday, November 08, 2001 12:07 PM
To:	Semperger, Cara
Subject:	FW: Important! DART product
Importance:	High

 -----Original Message-----
From: 	Chang, Fran
Sent:	Thursday, November 08, 2001 10:53 AM
To:	Crandall, Sean
Subject:	Important! DART product
Importance:	High

Sean:

Torrey Moorer in EOL IT group has created the Mid-C DART product on EOL.  In the future when a trade is done on EOL, it will be bridged into Enpower Deal Entry. However, although the "DART flag" will be on in deal entry, I believe for now it's informational only, and it's not doing anything to alert the schedulers.  I would like to know the rationale for creating this DART product and how you would like the schedulers in Day Ahead group (Cara's group) and Real Time (Bill's group) to see in their applications.  If I can get this info from you, I'll work with Enpower IT to put all necessary DART processes in place.

Thanks,

Fran Chang
West Power Risk Management
503.464.7973 (phone)
503.464.3740 (fax)


Tracy/Ed:

We are having some issues with NRG regarding financial confirmations.  We
have executed over 100 financial deals without problems but a recently hired
attorney has begun paying attention to the docs.  THE EASIEST WAY TO RESOLVE
THIS SITUATION IS TO PUT AN ISDA IN PLACE.  Could you please prepare credit
as soon as possible.  The Schedule/CSA should be sent to
david.adams@enrgenergy.com.  Thanks.  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - 11-27 0800 Report.xls


Can we create a San Juan phys for Oct bidweek?  What did we decide with this
product - swing only?  If we do, I would like to link it to the basis plus
nymex, or to the fixed price gas daily (fixed price gas daily will be rolled
out during bidweek this month because of our risk in gd basis going
forward).  I want to roll the Inside Ferc phys points out during bidweek 7-4,
as defined by Inside Ferc, last trade is mid.  The NGI index points will be
out 7 to 4 during bidweek, as defined by NGI.

We will plan on sending the data to both index publications.  Time open to
market, time of actual trade, counterparty, price, etc.  This will be
considered their last opportunity to be accurate or we will decline to
participate until their numbers are audited.

Thanks,
Mike


Nice shirt


more
----- Forwarded by Sara Shackleton/HOU/ECT on 11/14/2000 08:39 AM -----

	Treasa Kirby
	11/14/2000 08:36 AM

		 To: Marcus Von Bock Und Polach/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Prepaid Oil Swap - Transaction Diagram

FYI
---------------------- Forwarded by Treasa Kirby/LON/ECT on 14/11/2000 14:38
---------------------------

fulles2@tdsec.co.uk on 07/11/2000 15:30:07
To: tkirby@enron.com
cc: francg2@tdsec.co.uk

Subject: Prepaid Oil Swap - Transaction Diagram

Please find attached two powerpoint slides that show a diagram of the cash
flows
under the proposed prepaid swap.
Please let me know if this matches with your perception.
Regards
Steve

(See attached file: Enron-6.11.00.ppt)
------------------------------------------------------------------------------
This e-mail and the information it contains may be confidential and is for the
intended addressee(s) only. If you have received it in error, please do not
disclose the contents to anyone. Notify the sender immediately and delete the
transmission from your files. If you are not the intended addressee, any
review,
distribution, copying or use of this information is strictly prohibited and
may
be unlawful.  We do not guarantee the accuracy or completeness of this
communication, expression of views or recommendations, save and except for the
benefit of the intended addressee(s) and subject to the terms of any other
documentation with the intended addressee(s).
------------------------------------------------------------------------------

 - Enron-6.11.00.ppt


-----Original Message-----
From: RVujtech@carrfut.com [mailto:RVujtech@carrfut.com]
Sent: Friday, April 12, 2002 6:47 AM
To: RVujtech@carrfut.com
Subject: daily cl, ngas, ho, and hu charts 4/12

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude15.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas15.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil15.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded15.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG15.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG15.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL15.pdf


Pls. feed me your respective comments so we can move ahead with this ASAP.

Mark (Holsworth),  I would appreciate it if you could make sure your initial
comments are addressed and point me in the right direction with regards to
negotiations while Mark (Taylor) is away.

Thanks,
Rahil
3-3206
---------------------- Forwarded by Rahil Jafry/HOU/ECT on 04/24/2000 02:32
PM ---------------------------

"Leisa Byron" <byron@ntms1.accuweather.com> on 04/24/2000 01:15:07 PM
To: <rahil.jafry@enron.com>
cc:
Subject: AccuNet Agreement

Mr. Jafry:
?
As per your telephone conversation with Erik  Bjalme, attached please find
the Agreement for AccuNet Service.? Should you  have any questions, please
contact either Erik or myself.
?
Thank you.
 - EnronCorporation2.doc


Attached are redlines of the restated Huber confirms with the netting
language we discussed.  Please review and lets discuss.


Please advise if you have any revisions to the attachment.

Best regards,

Taffy


This is really weird.  I do not know why I can't find your email with your
comments (I really think I saw them), unless it blew itself up (or operator
error on my part).  I will look for a hard copy.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 08:57
AM ---------------------------

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/17/2000 10:26:09 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Jerry Leitman (E-mail)"
<jleitman@fce.com>, "Ross M. Levine (E-mail)" <rlevine@fce.com>
cc: "Sellay, William" <WSELLAY@RC.com>

Subject:

 <<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
--------------------------------------------------
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

 - jgtk01!.DOC
 - RED FUELCELL AGR.DOC


We are looking at giving an offer for a bankruptcy swap to Reliant Energy for

 Lumen Energy Corporation (Reference Credit)

The tenor of the deal would be April-December 2000 for a value of USD500k-1m.

On a more general note, could we please agree on procedures for approval of
new reference credits.

Regards

Tomas


Clem:  Thanks for raising that question because it is very important that we are coordinated.  I have forwarded this question on to Jordan and I think he and I need to work together on this matter.  Perhaps the three of us should get on the telephone to resolve.

Mark

 -----Original Message-----
From: 	Abrams, Clement
Sent:	Friday, November 09, 2001 5:38 PM
To:	Haedicke, Mark E.
Subject:	Arthur Andersen Letter

Mark,

I have attached the letter that Enron Corp. recently sent to V&E regarding legal contingencies.   In conjunction with Arthur Andersen working on its opinion with respect to the Northern and Transwestern financials, it has asked Enron Corp. to furnish information related to contingencies (including the SEC investigation).  V&E is currently working on providing its response to Arthur Andersen.  Joe Dilg would like your confirmation that we are making a consistent statement in the Enron Corp. letter with that which would be given to the banks with respect to draw requests reps (draw downs).  I have highlighted the language in red.  It is the last sentence of the first paragraph under the heading Securities and Exchange Commission (SEC) Investigation and Pending Litigation.  Your prompt response would be much appreciated.

Clem

 << File: 2828coa.doc >>


- Demotivate.pps


Sara, can we talk about this attachment Monday when you get a few minutes --
thanks, Bob


The attached transaction agreement has been signed by the customer on
4-16-01. We have a faxed copy.  I will send you the faxed copy for your
files.  Call if you have any questions.


2-22-01  2:45pm  spoke with Diane at Surelock-she will charge my discover card


FYI -- He tried to call me today, but missed me.  I have returned his call and left a voice mail for him.  I'll let you know if we have a chance to visit.  Michelle

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Thursday, July 26, 2001 1:33 PM
To:	Melodick, Kim
Cc:	Cash, Michelle
Subject:	Chuck Decker

Kim/Michelle -

Chuck will be contacting you on the non-solicitation language.  I asked him to coordinate directly as I am in meetings all day and would just hold up the process.

Chuck started out y-day indicating that he just could not live with the language and then this am I told him that If he couldn't live with the language I would ask whether or not we could offer them the 1/2 Restructuring package.  when he realized that he may be stuck with a package that would yield 1/2 the $$$ he changed his tune.  Now he is saying that all he needs is assurance that our intent is not to keep him out of work at a competitor.  In fact, he said he REALLY wanted to sign this today.

I think all we need to do is explain our intent with the non-solicitation language.  I do not feel we should change the language for him but would like to see us come to an agreement.

Thanks,
Rogers


The agreements haven't been executed, so please revise.  Could you also set
me up a stand alone release, so that I can replace the release GE submitted
on some of the other turbines?

Thanks,

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 01/12/2001 10:28:07 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Fountain Valley/GE Facility Agreement

Will do.  I'll make the change in the remaining agreements.  Do you want
the revised form to be included in the Fountain Valley GE and ABB
Agreements (execution copies of which went out yesterday) or have those
agreements already been executed?

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, January 12, 2001 11:14 AM
To: Thompson, Peter J.
Cc: Pipitone, Paul; Cobb, Chris; alan.larsen@enron.com;
dale.rasmussen@enron.com; sheila.tweed@enron.com
Subject: RE: Fountain Valley/GE Facility Agreement

I agree.  Please revise the form accordingly.

Thanks,

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 01/12/2001 09:35:53 AM

To:   <Kay.Mann@enron.com>
cc:   "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
      <chriscobb@akllp.com>

Subject:  RE: Fountain Valley/GE Facility Agreement

I have reviewed both the ABB and GE Agreements and have spoken to Paul
about this issue.  I do not believe it is necessary for the amount of
consideration to be listed in the final lien form. I believe that ABB
and GE can simply acknowledge that Seller has been paid in full or that
Purchaser has paid all sums owing to Seller under the agreement, or
similar language.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, January 11, 2001 5:24 PM
To: Thompson, Peter J.
Cc: Alan. Larsen (E-mail); Kay Mann (E-mail); Sheila Tweed (E-mail);
Pipitone, Paul; Cobb, Chris
Subject: Re: Fountain Valley/GE Facility Agreement

Pete,

I have a question.  Is it necessary for the amount of consideration to
be
listed in the final lien form (exhibit R or S, something like that)?  If
so, what amount goes in there?  Will this defeat what we are trying to
do
in keeping the original price a supposed mystery?

Thanks,

Kay


I found this picture of you shooting a shotgun, you crazy man.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 10/11/2000
09:28 AM ---------------------------

	Enron Global Finance

	From:  Jimmy Simien @ ENRON                           10/11/2000 09:17 AM

To: Kevin Bosse/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc:
Subject: FW: Can you help my buddy, he's looking to get on a deer lease AS AP

---------------------- Forwarded by Jimmy Simien/Corp/Enron on 10/11/2000
09:17 AM ---------------------------

David Mitchell@ECT
10/10/2000 04:53 PM
To: Jimmy Simien/Corp/Enron@ENRON
cc:

Subject: FW: Can you help my buddy, he's looking to get on a deer lease AS AP

---------------------- Forwarded by David Mitchell/HOU/ECT on 10/10/2000
04:52 PM ---------------------------

"Swanson, Douglas" <Douglas.Swanson@EPEnergy.com> on 10/10/2000 04:44:12 PM
To: "'David Mitchell'" <David.Mitchell@enron.com>
cc:
Subject: FW: Can you help my buddy, he's looking to get on a deer lease AS AP

> -----Original Message-----
> From: Bechtol, Brent
> Sent: Tuesday, October 10, 2000 4:41 PM
> To: Swanson, Douglas
> Subject: FW: Can you help my buddy, he's looking to get on a deer
> lease ASAP
>
>
>
> -----Original Message-----
> From: Carter Bechtol [mailto:carter@cyberpix.com]
> Sent: Tuesday, October 10, 2000 4:44 PM
> To: Bechtol, Brent; Currie Bechtol
> Subject: FW: Can you help my buddy, he's looking to get on a deer lease
> ASAP
>
>
>
>
> -----Original Message-----
> From: Jason Fertitta [mailto:jfertitta@cyberpix.com]
> Sent: Tuesday, October 10, 2000 3:32 PM
> To: Carter Bechtol
> Subject: FW: Can you help my buddy, he's looking to get on a deer lease
> ASAP
>
>
>
>
> -----Original Message-----
> From: Bryan.McMurrey@texas.net [mailto:Bryan.McMurrey@texas.net]
> Sent: Wednesday, October 11, 2000 4:58 PM
> To: Jason Fertitta; 'mullins'; Palmer Letzerich; Kyle F; Robert dawson
> Subject: Fw: Can you help my buddy, he's looking to get on a deer lease
> ASAP
>
>
>
> Sorry about the long download. I feel like this is worth it.
>  <<AHMED_Shoots.mpeg>>

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

 - AHMED_Shoots.mpeg


. . . in the US in the last five years and we will be in the mountains to
enjoy it.  Should be fun!!!   :-)

http://www.weather.com/weather/cities/us_co_telluride.html


Sorry for the late notice, but the cluster of people in suits are UO MBA students who are visiting our office to learn more about Enron.

Happy Friday the 13th!


In order to support Enron,s development of new business and desire to
maximize its return on invested capital; the following organizational changes
are taking place.
The current accounting groups supporting CALME, APACHI and South America
activities will be consolidated into one accounting group at Enron Corp.
This group will continue to provide accounting support to these international
regions and related Enron Corp initiatives.   Jeff Sommers, currently CALME
Vice President and CAO will head this accounting group.  Cassandra Schultz,
currently APACHI Vice President and CAO will join Rick Buy,s Risk Assessment
and Control Organization as a Vice President in Market Risk Management.  Kent
Castleman, currently South America Vice President and CAO will become Vice
President and CAO of Enron Industrial Markets.
Please join us in congratulating everyone in their new assignments.


I have engaged South African counsel.  The response may take a few weeks but
your transaction can proceed prior to that time.  However, I will need some
time to refine our ISDA Schedule and learn about the counterparty.  Please
keep me up-to-date.  Thanks.  Sara

ps:  I can talk


> -----Original Message-----
> From:	Ola Jane Gow [SMTP:olajane@forestweb.com]
> Sent:	Thursday, October 18, 2001 6:33 PM
> To:	newsbeat@forestweb.com
> Subject:	Weyerhaeuser raising NBSK pulp price for Nov. 1
>
> Breaking news on Forestweb:  http://www.forestweb.com
>
>
> *********
>
> Weyerhaeuser raising NBSK pulp price for Nov. 1
>
>
> *********
>
>
>
>
> --
> ********************************************************************
>           LOG * CHIP * PULP * PAPER PRICES on Forestweb
> http://www.forestweb.com/pricebeat
> ********************************************************************
>
> Forestweb News Rules!
>
> Ola Jane Gow
> Forestweb
> 35 Stillman Street, Suite 206
> San Francisco, CA 94107-1365
>
> 415-759-1299 (phone/fax)
> 415-533-3802 (mobile phone)
> 435-508-3412 (mobile fax)


Karl,
 Looks okay to send out.  Let me know how they respond.

	Karl E Atkins@ENRON
	Sent by: Karl E Atkins@ENRON
	05/30/2001 01:52 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Tap Facilities Site for Ballard Exploration Fina "A" #1

Sorry, someone came in and I forgot I hadn't attached when I finally got back.


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/13/2001 04:03
PM ---------------------------

Kay Mann
02/13/2001 04:03 PM
To: Tana Jones/HOU/ECT@ECT
cc:

Subject: Energy & Power Risk Management Glossary

Hi Tana,

A little birdie tells me that you  have a supply of the Energy & Power Risk
Management Glossary booklets.  Am I getting close? I've found it to be very
helpful, and I think it would help one of our new lawyers, Carlos Sole.
Could I get a copy for him?  Any other good power references?

Thanks,

Kay


mike swerzbin, and can you give me the deal number that you are killing,
unless you have already told sharon or amy, so that we make sure we have not
already sent a confirm.

thanks

   Kate Symes @ ECT                03/08/2001 03:38 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: natsource checkout

Mike still has about 6 deals to put in, and those are two of them. It should
just be a minute.

I'm killing a deal right now so my deal entry is tied up - who's the trader
on 541368?

Kerri Thompson@ENRON
03/08/2001 01:44 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource checkout

541368
broker has coral for the cp

missing deals for mike:

buy idaho
Q3
25 mw
280.00
mid c
light load

sell aep
Q3
25 mw
290.00
mid c
light load


?

?

-----Original Message-----
From: Bruce Hall [mailto:hall-b@msn.com]
Sent: Friday, November 10, 2000 10:43 AM
To: Kenneth L. Lay
Subject: Governor Knowles Correspondence
Importance: High
Sensitivity: Confidential

?

Forrest thought you might be interested in the attached letter, which he sent
to Governor Tony Knowles regarding the timing issues affecting a North Slope
natural gas pipeline.

?

Best regards,

?

?

?

Dr. Bruce Hall, P.E., M.Sc., MBA

?

Vice President & COO???????????????????????????????????????????????????????
President & COO

Arctic Resources Company????????????????????????????? ArctiGas Resources
Corporation

Three Riverway????????????????????????????????????????????????? 540 ) 5th
Avenue S.W.

Suite 1375???????????????????????????????????????????????????????? Suite 1800

Houston, Texas???????????????????????????????????????????????? Calgary,
Alberta

USA 77056??????????????????????????????????????????????????????? Canada T2P
0M2

?
 - Knowles110900.doc


Please find attached referenced lists.  It is not clear to me yet how we are
going to deal with Australian approvals, so I think at this point you need to
look to Australia for approval of their counterparties.  Also, there were no
counterparties to approve on 3/16/00 so that list is not attached.

I haven't said it in a while...but no European power for US counterparties...


Mark:
Please see the enclosed draft product description and auction procedures.

Carol
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2000 02:10 PM -----

	Gaurav Babbar
	05/22/2000 02:05 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Elizabeth Sager/HOU/ECT@ECT
		 Subject: documentation

Carol,

I am sorry if did not send this to you earlier, but please find attached a
copy of the insurance policy, draft product description, and draft on-line
auction instructions.

Let me know if you need any other information.

Regards

Gaurav Babbar.


John, he did well with the gas guys, so lets make him an offer.  Get with me
and we'll go over the offer.  Thanks.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
01:28 PM ---------------------------

"Mario De La Ossa" <delaossa@ix.netcom.com> on 09/29/2000 09:40:32 AM
To: <jshankm@enron.com>
cc:
Subject: Interview Thank You from Mario De La Ossa

Mr. Shankman:

Thank you for the opportunity to interview for the trading  position. Our
discussion highlighted the fantastic opportunity that Enron has  created
through structuring a global trading portfolio centered on taking
disciplined systematic risk. My practical trading experience, strong
fundamental  market knowledge, and ability to quickly quote derivative
structures will  increase Enron,s profitability in the refined products
market.

Your team is on the path to great success. I hope to stand  among those
selected for the journey.

??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ??
?  ??? ??? Sincerely,

??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ???  ??? ??? ??? ??
?  ??? ??? Mario De La Ossa  Jr.


Start Date: 4/11/01; HourAhead hour: 18;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041118.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 18 / Preferred:   7.08 / Final:   7.07)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI


Craig -

There was nothing attached to your e-mail so I assumed you were sending
something by hard copy - we haven't received anything yet.

Mark

	Craig Breslau
	06/03/2000 02:58 PM

		 To: Mark Taylor/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT
		 cc: George N Gilbert/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 Subject: Orlando Utilities Commission

Mark, I am forwarding a copy of OUC's ISDA along with a copy of their charter
and their outside legal opinion on their ability to enter into financial
hedges.  Could you please assign to the appropriate attorney to work on this
ISDA.

John, I'm not sure if you are the approprite credit person or not to work on
this. They mentioned that they have already exchanged credit information
between OUC and Enron.  If you're not the right person, could you please pass
it on.

I would like to push this process along to get an executed ISDA between OUC
and Enron.  I believe that they could be a good counterparty for us.

Thanks for your help.

Craig


I plan to send the legislative package to DOE in about 45 minutes.  Here's
the final interconnection language.  Thanks


Following please find the Weekly Management Report and the Daily Executive
Summary.

EnronOnline Executive Summary for 12/01/00
Transaction Summary
External Transactions Today	4,539
Average Daily External Transactions (30 day Trailing Avg)	4,025
Total Life to Date Transactions	488,009

EnronOnline Daily % of Entity's Total Transactions for 12/01/00	Trans	Percent
Enron North America	3,899	79%
Enron Europe Limited	117	28%
Global Products	203	36%
Enron Metals	320	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	54%

Gross Notional Value of EnronOnline Transactions	Total
Today	4,255,745,809
MTD	4,255,745,809
LTD	283,426,270,674
Average Daily Notional Value (30 Day Trailing Avg)	2,956,198,997

Notional Revenue from Physical Flows to Date	18,868,239,985

Counterparties, Users, and Products Offered
Counterparties having transacted to date	591
New Counterparties transacting for the first time today	3
Number of Products Offered Today	1,074
Total Number of External Users Logged on Today	2,957
Average # of External Users logged on (30 day Trailing Avg)	2,873

Also attached is the Weekly Public Domain Report, containing information
which is intended for use in presentations or reports which will be seen by
individuals outside Enron.


Jesus,

Friday, April 28, works for me. I am free between 8:00 - 10:30 to meet with
Aram.
Would you like to meet him for lunch or dinner?

Vince


Ben/David/Bill -

Please see the what we have for the following policy excerpts at the end of this message, and address the following:

1.	Advisory Limit Setting - is it by the BOD or by the CEO?  Our presentation says CEO, but also specifies the trigger as 3.0 for P50 and 1.5 for P99.  If it's CEO level, we don't need to specify in the policy what the trigger limit is, as CEO can change.  If it's in the Policy itself, it's considered a Board approved limit.
a.	Let's decide - if CEO level, let's change to say "a certain multiple of..." instead of 3.0 and 1.5
b.	If at Board level,  don't we need to specify a time horizon? If not, why bother to specify the trigger - if one's going to be at CEO discretion and consequently not specified in the policy itself, why not all of it?

2.	Definitions in 3.4 excerpt below - Rick Buy wants these definitions hard coded and clearly defined in the policy

?	Future Available Cash -
?	Is this straight off a daily report from Accounting?  What does this # represent and what do we want in the policy?
?	which individual is going to provide this daily, and when?
?	Borrowing Capacity -
?	I defined this by pulling terms straight from the slide in the Joint Audit/Finance Committee presentation - do you agree?
?	who is going to calculate this daily and provide to RAC, and by when?
?	Potential Future Cash Requirements -
?	is this clear enough?  any specific collateral assumptions given contractual cash posting optionality?  worst case assumption?

3.	Does RAC really need to calculate this if GRMO is going to report it on the Executive Report Viewer, and the calculations are hard-coded above?  Seems like we could implement a process by which the 3 pieces of information get fed to GRMO to calculate and report, like all the other market risk metrics.

Please call me in the morning so I can run through any required changes.

Regards,
Cassandra.

3.4	Risk Measurement for Liquidity/Funding Risk
Liquidity/funding risk focuses on whether the Company is able to raise enough capital (whether through debt, equity, or counterparty collateral) to meet its cash and collateral requirements, and is a function of funding liquidity and position liquidity.  Margin deposits received and margin deposits required under the Company's Trading Portfolio have a significant impact on the Company's funding requirements, and are often determined by changes in commodity prices.  Position liquidity refers to the extent to which a position can be liquidated quickly, and in large volume, without substantially affecting the position's price.  Key determinants of the liquidity of a position and the cost of liquidation include: (a) the level of third-party interest and market activity in the asset, (b) the time period available to convert the asset to cash, (c) the size (value or volumes) of the asset, and (d) perception of the Company in the marketplace.  Active management of funding requirements and capital availability should minimize funding shortfalls.  See Section 4.4 for the limit structure and reporting guidelines.
The Liquidity Exposure Ratio ("Liquidity Ratio") is the primary metric of the Company's liquidity/funding risk to be implemented under a transition period determined by the Risk Management Committee.  The Liquidity Ratio shall be calculated daily over a specified time period by dividing (a) the sum of the Company's (i) Future Available Cash and (ii) Borrowing Capacity, by (b) the Company's Potential Future Cash Requirements.  Future Available Cash shall represent the Company's current cash-flow forecast as determined by the Accounting department, considering operating and investing activities.  Borrowing Capacity shall be determined by the Treasury department, and shall be calculated as the sum of: (a) commercial paper; (b) uncommitted bank lines and loan sales lines; (c) letter of credit facilities; (d) accounts receivable; (e) shelf registrations for public debt issues; and (f) shelf registrations for public equity issues.  Potential Future Cash Requirements shall be calculated by the Trading Portfolio's risk systems and shall represent a simulation of margin exposure and collateral requirements for the Trading Portfolio.
Liquidity stress testing shall be performed periodically, as determined by the Chief Risk Officer, to quantify the liquidity/funding risks associated with specific positions.  Such stress testing may include specific asset liquidity stress tests to quantify the risks associated with illiquid positions.  Results of liquidity stress testing will be made available to the CEO and to other parties at the discretion of the Chief Risk Officer.

4.4	Capital Associated with Liquidity/Funding Risk
Liquidity/funding risk arises from the potential that funding requirements will exceed funding availability for a given time period.  Funding requirements may vary over time as a result of: (a) exchange margin requirements, collateral obligations and collateral receivables primarily related to Trading Portfolio activities; (b) new investments; (c) the payment of interest and dividends; and (d) the maturing of debt and other obligations.  Funding availability may vary over time as a result of: (a) available cash; (b) access to capital markets; (c) available collateral; and (d) the time required to convert positions to cash or liquid assets.
The Company shall use the Liquidity Ratio, liquidity stress testing and other methods as specified by the Chief Risk Officer to measure liquidity/funding risk.
4.4.1	Limit Structure for Liquidity/Funding Risk
The CEO shall approve an advisory limit for liquidity/funding risk ("Liquidity Ratio Advisory") to be implemented under a transition period approved by the Risk Management Committee.  This shall be based on the Liquidity Ratio discussed in Section 3.4 of this Policy.  The Liquidity Ratio shall be calculated using two different assumptions to calculate Potential Future Cash Requirements, the denominator of the calculation: (a) a 50% confidence level, and (b) a 99% confidence level.
4.4.2	Administration/Reporting for Liquidity/Funding Risk
The Liquidity Ratio shall be calculated on a daily basis and reported by GRMO to the CEO, the Chief Risk Officer, and the Treasury department designee.  If the Liquidity Ratio is (a) less than 3.0 using a 50% confidence level to calculate Potential Future Cash Requirements or (b) less than 1.5 using a 99% confidence level to calculate Potential Future Cash Requirements, the Chief Risk Officer shall notify the CEO and others at his discretion.  The CEO shall direct senior management to take certain actions to mitigate the Company's liquidity/funding risk.


Palu


Greetings:

Well, there's a finance midterm coming up and some of us have discussed
getting together the weekend before for a study session.

I just grabbed an old list from last year so apologies if I've included folks
who ain't even in finance, or if I've left some folks off.  Sorry to those
who received in error, and please forward to anyone else who might be
interested.  Anyway, anyone interested?

Hope all is well with all.

Best,
Jeff


Fitch Puts Enron On Rating Watch Negative
Bloomberg, 10/25/01

STOCKWATCH Enron higher after dismissing CFO Fastow
AFX News, 10/25/01

DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

Calif Guarantees Allow Williams To Book Power Revenues
Dow Jones Energy Service, 10/25/01
Stocks Expected to Open Lower, Hurt By Weak Economic News
Dow Jones Business News, 10/25/01

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
Bloomberg, 10/25/01

Enron CNBC: Squawk Box,
10/25/01

Fitch Puts Enron On Rating Watch Negative
2001-10-25 13:49 (New York)

Fitch Puts Enron On Rating Watch Negative

Fitch-NY-October 25, 2001: Fitch places the following Enron
securities on Rating Watch Negative: senior unsecured debt
`BBB+'; subordinated debt `BBB'; preferred stock `BBB-`;
and commercial paper `F2'. Pipeline subsidiary `A-` rated
senior unsecured debt at Northern Natural Gas Co. and
Transwestern Pipeline Co., are also placed on Rating Watch
Negative.

The rating action primarily relates to the negative capital
market reaction to recent disclosures by the company. The
loss of investor and counterparty confidence, if it
continues, would impair Enron's financial flexibility and
access to capital markets, therefore, impacting its ability
to conduct its business. On Oct. 16, 2001, Enron announced
a $1 billion after-tax charge to earnings to be taken in
the third quarter of 2001 and a reduction of balance sheet
equity by $1.2 billion relating to the unwinding of
structured transactions. Since that time, there have been
several damaging news reports on the company and its
management. More importantly, investors have voiced
concerns. Enron's common stock price has plummeted and
spreads on its debt have widened.

The company has attempted to quell rumors and has publicly
stated that it has adequate liquidity to conduct its
business. Approximately $1.5 billion of unused liquidity is
available under committed bank lines.

An additional concern is that certain structured
transactions of the company including Marlin Water Trust II
and Osprey could unwind. While various sources of repayment
exist, such as the sale or liquidation of underlying
assets, or an equity offering, primary credit support is
derived from the Enron obligation to remarket mandatorily
convertible preferred stock if an amount sufficient to
repay the notes has not been deposited with the trustee 120
days prior to the maturity date or upon a note trigger
event. In the event that the issuance of the preferred
stock yields less than the amount required to redeem the
senior notes in either case, Enron is required to deliver
additional shares. If Enron cannot or does not deliver on
its obligation, then the amount of the deficiency becomes a
payment obligation of Enron, representing a general
unsecured claim. While trigger events include a downgrade
of Enron's senior unsecured debt below investment grade by
one of the major rating agencies in conjunction with
specified declines in Enron's closing stock price over
three consecutive trading days, Enron would have a
forebearance period of 60 days as long as an attempt was
being made to register the shares. The total amount of
Marlin and Osprey debt is approximately $3.2 billion. Enron
has not verified that the underlying assets have adequate
market value to fully pay down the associated debt.

While capital market uncertainties have escalated, Fitch
has no information to indicate that there are any
fundamental problems with Enron's core wholesale, retail,
and pipeline businesses. Fitch expects to be in contact
with the company on a continuing basis to both monitor
ongoing events and address strategic, longer-term issues.

STOCKWATCH Enron higher after dismissing CFO Fastow

10/25/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Share of Enron were higher in opening trade, after the company dismissed its chief financial officer, Andrew Fastow, due to his past involvement in running two partnerships, in which Enron had invested, dealers said.
At 9.56 am, Enron was up 1.13 usd, or 6.95 pct, at 17.55. The DJIA was down 138.60 points at 9,207.52, the S&P 500 index was down 15.95 pts at 1,069.00 and the Nasdaq composite down 39.02 at 1,692.52.
Enron said it named Jeff McMahon CFO to replace Fastow, after announcing Monday that the Securities and Exchange Commission is looking into the Fastow-related transactions.
"In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO," said chief executive Kenneth Lay in a statement.
Enron shares have fallen sharply in recent days on concerns over financial transactions made with the two partnerships, LJM Cayman LP and LJM2 Co-Investment LP, which analysts said could affect future earnings and which have prompted class action suits against the company.
McMahon, who had been serving as chairman and CEO of Enron's Industrial Markets group, had quit his job as treasurer last year, after voicing concerns within the company about Fastow's role in running the two partnerships, according to the Wall Street Journal.
This morning, Salomon Smith Barney analyst Raymond Niles downgraded Enron to "buy- speculative," from "buy-high risk", to reflect his concerns that "lingering uncertainty over financial practices may begin to impair Enron's commercial operations."
"This is the least likely outcome, in our view, but one whose likelihood has increased over the last week as questions continue to be asked," he said.
ng/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

=DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

   By Mark Golden, Kristen McNamara, Jon Kamp and John Edmiston
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Energy trading companies have concerns about the credit
quality of troubled Enron Corp. (ENE), but they have made almost no changes in
policies concerning the top trader of North American power and gas, the
companies said Thursday.

  The concerns have arisen because Enron, which accounts for about a quarter of
the trade in the country's power and gas markets, has seen its share price fall
by a third this week due to uncertainties about its extremely complex financial
structure.

  Moody's has put Enron's credit on watch for possible downgrade, and some of
the company's debt is trading like junk bonds in the secondary market this
week.

  "We have made no changes to our credit policy concerning Enron," said John
Sousa, chief spokesmann for Dynegy Inc. (DYN). "It's business as usual."

  Williams Cos. (WMB) spokesman Jim Gipson said that his company, too, has made
no changes and has no concerns about Enron's credit. Another Top 10 power and
gas trading company, Aquila (ILA), has also left Enron credit unchanged.

  Other companies expressed concern, though they've taken little if any action.

  "Like everyone else in the marketplace, we're proceeding with caution," said
Lora Kinner, director of credit for Tractebel Energy Marketing, the North
American subsidiary of the Belgian company Tractebel S.A.

  Kinner said the company is just looking for more information and doesn't
expect to make any drastic changes.

Calif Guarantees Allow Williams To Book Power Revenues
By Andrew Dowell
Of DOW JONES NEWSWIRES

10/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Clarifications by California as to what electricity transactions the state will back enabled Williams Cos. (WMB) to book $180 million in power sales from the previous period as third-quarter revenues, the company said Thursday.
The revenues came from power Williams sold through the California Independent System Operator, which runs the state's wholesale power market and clears and settles transactions.
The state of California has paid more than $11 billion for power bought directly from suppliers, but has yet to pay for any ISO power since it took over the job of buying power for the state's ailing utilities in mid-January. Two weeks ago, however, the state made clear for the first time which ISO transactions it would back.
"It's that fact that has allowed us for the first time to recognize dollars from sales to the California ISO," Williams Chief Operating Officer Steven Malcolm said on a conference call Wednesday.
Williams reported third-quarter net income of $221.3 million on revenues of $2.81 billion, up from $121.1 million on revenues of $2.33 billion in the same period the year before.
Williams is now in talks with California to secure payment for its ISO sales. The process is complicated by the state's role as guarantor of transactions undertaken on behalf of the utilities, which aren't creditworthy enough to buy power for themselves. The ISO didn't envision third-party guarantors when it set up its settlement process, and state accounting rules require more detailed bills than those sent out by the ISO each month, state power officials have said.
The state says it has set aside $1.2 billion to cover ISO transactions.
As reported, suppliers including Williams had charged the state with deliberately muddling the repayment issue to keep power flowing for free.
Willing To Renegotiate

Separately, Williams' officers also said the company was willing to discuss reworking its long-term contracts with California, provided the result benefited both parties.
California Gov. Gray Davis is under heavy fire for having locked the state into contracts running as long as 20 years at prices negotiated at the peak of a market that has since collapsed.
Both sides could potentially benefit from changes to the length of the term of the contracts or the specifics of power-supply obligations - perhaps freeing up supply that Williams thinks it could get more money for on the spot market, Malcolm said.
"We're always willing to sit down with a customer," Malcolm said.
Williams hasn't been approached by the state to renegotiate the contracts, Malcolm said.
Any attempt by California to force through one-sided changes is unlikely and could backfire for the state by disrupting plans for new power plants, he said.
"To the extent contracts are changed, financing is going to go away," he said.
Downplaying Enron Opportunities

Williams downplayed its ability to capitalize on the recent troubles of market-leader Enron Corp. (ENE), saying it focuses on large, long-term structured deals, not the high-volume, physical-market transactions that Enron dominates, Malcolm said.
Also, TradeSpark - the Internet-based energy exchange in which Williams is a partner - is limited for now in its ability to expand and take volume from Enron's proprietary system EnronOnline because of the horrific losses operator Cantor Fitzgerald (X.CFZ) suffered in the attacks on the World Trade Center.
"That's interrupted the rapid growth we were seeing," Williams Chief Executive Keith Bailey said on the call.
Enron, which accounts for about a quarter of the trade in the country's power and gas markets and which makes a market for those commodities on EnronOnline, has seen its share price fall by a third this week due to uncertainties about its extremely complex financial structure.
Those concerns have raised questions about the business model of EnronOnline, a platform on which Enron is the counterparty in all trades. Those concerns could eventually boost volume on neutral exchanges like TradeSpark.
"We continue to believe in the neutral platform that TradeSpark offers," Malcolm said.
TradeSpark LP was formed by eSpeed Inc. (ESPD), Cantor Fitzgerald (X.CFZ), Shell (RD) unit Coral Energy, Dominion (D), Koch Energy Trading Inc., TXU Corp.'s (TXU) TXU Energy unit and Williams Cos.' Williams Energy Marketing & Trading Co.
-By Andrew Dowell, Dow Jones Newswires; 201-938-4430; andrew.dowell@dowjones.com

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

Stocks Expected to Open Lower, Hurt By Weak Economic News

10/25/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Wall Street Journal Online News Roundup
Stocks are expected to open with losses Thursday, weighed down by disappointing U.S. economic news and the European Central Bank's decision to leave interest rates unchanged.
About an hour before the New York Stock Exchange opened, futures on the Standard & Poor's 500-stock index were sharply lower, suggesting that the Dow Jones Industrial Average will post a 94-point loss at the opening bell.
In one of a trio of negative economic reports, the Commerce Department said orders for durable goods, or products expected to last more than three years, tumbled 8.5% in September. That was a much steeper drop than the 0.9% decline forecast by economists surveyed by Thomson Global Markets.
Meanwhile, the Labor Department reported that the number of Americans filing new claims for state unemployment insurance rose to 504,000 for the week ended Oct. 20. That was more than the 500,000 jobless claims expected by economists.
The Labor Department also said that the employment-cost index rose 1% in the third quarter, slightly more than expected. The indicator measures changes in compensation costs, including wages and salaries, as well as costs for employee benefits.
Later, at 10 a.m. EDT, the National Association of Realtors is expected to say that 5.26 million existing homes were sold last month, down from the 5.5 million sold in August.
Prior to release of the economic news, S&P futures had pointed to a weaker opening on Wall Street, after the ECB left rates alone despite growing political pressure for another rate cut to help the stumbling European economy.
In addition to pouring over Thursday's economic reports, investors will spend much of the session sorting through a mountain of earnings reports, said Peter Cardillo, director of research at Westfalia Investments.
Among companies that announced quarterly earnings so far, Dow Chemical said third-quarter net income plunged 84%, hurt by weak demand, substantial price declines and a slew of charges mostly related to acquisition expenses and restructuring at Dow Corning.
Among other stocks to watch, Enron on Wednesday replaced its finance chief, Andrew Fastow, capping a tumultuous day in which the Houston powerhouse saw its stock price continue to fall sharply.
States suing Microsoft are hiring one of the nation's top trial lawyers, signaling they may seek a harsher antitrust remedy than the White House. Meanwhile, the software giant's Windows XP formally makes its debut Thursday.
In key overseas markets, stocks were mixed. London's Financial Times-Stock Exchange 100-Share Index was down 1.2% in intraday trading, while Frankfurt's DAX was 0.9% lower. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.7%, and Hong Kong's Hang Seng Index rose 0.2%.
In Wednesday's session, Wall Street continued to shrug off disappointing earnings news, and focused instead on hopes that low interest rates and the government's economic-stimulus program will produce a recovery.
Technology issues saw much of the buying, with the Nasdaq Composite Index rising 27.10 points, or 1.6%, to 1731.54. The Dow industrials inched 5.54 points, or 0.1%, higher to close at 9345.62, despite substantial losses in two of its components, Eastman Kodak and AT&T, which issued weak outlooks.
In major U.S. market action Wednesday:
Major stock indexes advanced. But on the Big Board, where 1.34 billion shares traded, 1,374 stocks rose and 1,743 fell. On the Nasdaq, 1.89 billion shares changed hands.
Bonds gained. The 10-year Treasury note rose 13/32, or $4.0625 for each $1,000 invested. The yield, which moves inversely to price, fell to 4.588%. The 30-year bond was up 23/32 to yield 5.330%. Early Thursday, the 10-year note was up 10/32 to yield 4.553% while the long bond was 17/32 higher, yielding 5.303%.
The dollar was mixed. Late in New York, it traded at 122.87 yen, up from 122.68, while the euro rose against the dollar to 89.35 U.S. cents from 89.07. Early Thursday in New York, the dollar bought 123.17 yen and traded at 88.27 cents to the euro.
For continuously updated news from The Wall Street Journal, see WSJ.com at http://wsj.com.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
2001-10-25 12:07 (New York)

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Enron
Corp. Common Stock

NEW YORK, NY -- (INTERNET WIRE) -- 10/25/01 -- Kaplan Fox
(kaplanfox.com) has filed a class action against Enron Corp. and
certain of the Company's officers and directors in the United States
District Court for the Southern District of Texas.  The suit is
brought on behalf of all persons or entities who purchased the common
stock of Enron Corporation ("Enron") (NYSE: ENE) between January 18,
2000 and October 17, 2001, inclusive (the "Class Period").

The complaint charges Enron Corp. and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
The complaint alleges that during the Class Period, defendants
engaged in asset and securities sales to closely related affiliates
and interested parties, which disguised Enron's true financial
position.  Many of the details of these transactions were hidden from
the public.  Defendants used these asset sales to falsely improve
Enron's balance sheet, thereby maintaining Enron shares at an
artificially inflated price.  Certain Enron executives, who held
positions in the affiliates that presented clear conflicts of
interest, reaped millions of dollars in personal gains from these
transactions.

The complaint further alleges that during the Class Period, Defendants
made misleading statements regarding the potential value of Enron's
Broadband business, in order to artificially boost Enron's share
price.  With knowledge that Enron's Broadband business would never
post a profit and was seriously overvalued, Defendants continued to
make misleading statements about the Broadband business in order to
maintain the share price at its artificially inflated levels.
Defendants used the artificially inflated value of Enron's Broadband
business to hedge against, in order to gain millions of dollars in
financing.  Defendants failed to disclose the risk of these financing
arrangements.  Defendants hid the true nature of Enron's earnings,
its hedging, its businesses, and the correct state of Enron's
finances from its investors and the market, further artificially
inflating Enron's share price.  While the stock was artificially
inflated for the above reasons, Enron executives engaged in extensive
insider trading, gaining personal proceeds of approximately $482
million during the Class Period, before the public became aware of
the above practices.

Plaintiff seeks to recover damages on behalf of the Class and is
represented by Kaplan Fox & Kilsheimer LLP.  Our firm, with offices
in New York, San Francisco, Chicago and New Jersey has many years of
experience in prosecuting investor class actions and actions
involving financial fraud. For more information about Kaplan Fox &
Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than
December 21, 2001 to serve as a lead plaintiff for the Class.    In
order to serve as a lead plaintiff, you must meet certain legal
requirements.

If you have any questions about this Notice, the action, your rights,
or your interests, please e-mail us at mail@kaplanfox.com or contact:

Kaplan Fox & Kilsheimer LLP - 805 Third Avenue,  22nd Floor - New York,
NY 10022

Kaplan Fox & Kilsheimer LLP - 100 Pine Street, 26th Floor - San
Francisco, CA 94111

Contact: Frederic S. Fox, Esq., Kaplan Fox & Kilsheimer LLP
Phone: 800-290-1952
Fax: 212-687-7714
Email: mail@kaplanfox.com

    Date      October 25, 2001
    Time      07:00 AM - 08:00 AM
    Station   CNBC
    Location  Network
    Program   The Squawk Box

              Mark Haines, co-anchor:

              Joe Kernen, what's going on?

              Joe Kernen, co-anchor:

              We've got to shift gears into this Enron situation which
              has just been--you've been talking about it quite a bit,
              David--how could you not talk about it?  Seventy-six
              million shares yesterday, down fifty percent in the last
              two weeks.  This is a company with--what?--a hundred
              million in revenues.

              James Cramer, guest market commentator:

              Maybe.

              Kernen:  Yeah, right.  Anyone who does any trading in
              energy apparently, you know, uses Enron Online, so anything
              that destabilizes Enron to a great extent could destabilize
              the whole energy trading arena and...

              Cramer:  Go ahead, say it!  Say what you're thinking!  No
              one has said it yet.  We know the truth.  We believe that
              Enron caused a national short squeeze.  They knew every
              single number in this gas situation.  They wrecked the
              California utility system and profited from it.  That's my
              bet.  My bet that this--they had--look, they were the
              market maker.  Imagine if Instinet knew what you were going
              to be buying and took it ahead of you.  I think they
              cornered the market for electricity for about four months,
              made a huge fortune and now the company is unraveling and
              when someone--when the Justice Department gets in there
              we're going to discover this.

              Kernen:  Let's see what happened...

              Haines:  Now, wait a second...

              David Faber, co-anchor:

              Whoa, whoa, whoa!  The Justice Department, Jim?  Now, is
              that new?  Is that something--

              Cramer:  No, that would be, if I were a prosecutor,
              something...

              Faber:  OK, so they are not being investigated?

              Cramer:  Well, no, I'm actually being a little forward
              thinking.

              Kernen:  The SEC wants documents about the limited
              partnership transactions of Mr.--

              Faber:  Which is very different from what Jim is talking
              about.

              Cramer:  No, I'm saying that this is what, if I were an
              enterprising prosecutor, I would say, Did we have a
              nationwide short squeeze in electricity caused by one
              company that had access to all the screens and knew exactly
              what was happening with the electricity market which then
              wrecked the California utility system, cost the consumer
              billions of dollars, and is now being hushed up?

              Kernen:  Well, let's talk about the actual news.  Here's
              yesterday's trading--

              Haines:  Wait a minute.

              Kernen:  Well, I just want to say that the guy is gone now.
              That's the new news here.  Did you read--did you know that
              Fastow, after four--

              Faber:  Late yesterday.

              Kernen:  Yeah, after four o'clock, Fastow is gone.  What's
              interesting--

              Faber:  He's the CFO--

              Kernen:  But he's a new CFO.

              Faber:  --who benefitted personally from some of these
              off balance sheet partnerships.

              Cramer:  Mark, you know, I'm not on thin ice here, I'm not
              on thin ice.

              Haines:  I just want to make sure we understand that this
              is your theory.

              Cramer:  This is my theory.

              Haines:  OK.

              Cramer:  It is just a theory.  It is my opinion.  But I
              think we've got to find out more about that short squeeze
              that occurred.

              Haines:  OK.

              Cramer:  We need to find out whether it was orchestrated.

              Kernen:  The new CFO might help regain some credibility for
              the company because he was the old treasurer who left that
              position a year or so ago because of some disagreements
              with how Mr. Fastow was doing business apparently.  So now
              he's back as CFO and we'll whether that calms the market
              down.

              Faber:  Well, what they need to do-- Joe, they need to come
              clean.  I mean, that is what all the investors in Enron and
              those who've left the company as investors over this last
              week have wanted.  Let's see everything; be as transparent
              as you possibly can be; tell us exactly what we need to
              know.  And as much as they need to come clean with their
              investors, they need to come clean with their trading
              counterparties because that is really what people are
              concerned about.

              Kernen:  Why is the credit worthiness issue such a big
              deal?  Anyone who does trading with them, if their credit
              worthiness were to go--if their credit rating were to go
              down, how would that affect energy trading?

              Faber:  Well, you want to know that they're going to be
              there on the other side and make good on the trades.

              Kernen:  I guess you would, wouldn't you?

              Faber:  Right.  Not that they aren't, but why would you--if
              you can trade with seven other guys--seven other companies,
              maybe you cut back a little bit on your exposure there.

              Kernen:  Now, why would--

              Faber:  And that would hurt their core business.

              Kernen:  Why are people expecting some type of action from
              the credit agencies, not because of the stock price, right?
              Because of something that could unravel--

              Faber:  Because of something related to these liabilities
              they may have--

              Kernen:  That they don't know about at this point.

              Faber:  --that they may have with regard to funding some of
              these off balance sheet partnerships that they backstopped
              in terms of borrowing that went on at the project level at
              the off balance sheet partnership.  Will it be a liability?
              They don't know.  But that's one of the reasons--

              Kernen:  We're talking hundreds of millions or billions?

              Faber:  They don't know.

              Kernen:  But there were billions of dollars in limited
              partners?

              Faber:  Yes.  About three billion in financing, I think is
              what some analysts estimated.

              Kernen:  This is a pretty big number.

              Faber:  Yeah, they can get to most of that with the assets
              that they have in the partnerships themselves.

              Kernen:  I use a six month chart to show what's happened
              over the last two weeks.  You got to look at here.  But if
              we went back a year, you'd see eighty as far as the high
              for Enron.  Now we're at sixteen.

              Faber:  Everybody else took a hit yesterday.  Dynegy got
              hurt.

              Kernen:  Well, I got Dynegy next.  Don't--  Here we go.

              Faber:  I'm sorry.  I'm getting a little excited.

              Kernen:  You are.

              Faber:  Enthusiastic about your charts.

              Kernen:  There's a weekly chart of Dynegy, and you know
              what's coming next, don't you?  Now I'm worried about the
              utility average.  I've worried about the transportation
              average a lot in my career.  Mark, now the utilities have
              replaced my worries.  I'm angst-ridden.  Did you see this
              chart?  We're breaking below the--

              Cramer:  That's a positive, not a negative, Joe.

              Kernen:  What's wrong with Cramer today?  What happened?

              Cramer:  I'm all fired up!

              Faber:  He really is.  My, God, he's got the DOJ getting
              all crazy, the FBI, the CIA.  You going down to En--you
              going down to Houston yourself?

              Cramer:  I may just have to.  I may have to clean up that
              whole city.

              Kernen:  Jim, why would the--that's the--now getting down
              to the lows, I mean, the other averages have come back
              quite a bit from the post-attack lows, the utilities are
              retesting those.  That's not something to worry about?

              Cramer:  No, because I think there's a lot of money going
              into more cyclical issues.  I think the economy is showing
              signs of getting better.  The consumer is certainly much
              stronger than we thought.  The base book didn't say the
              corporate was strong, but the consumer is strong.  Much
              stronger than before.

              Kernen:  All right.  In the past people have worried about
              the utility averages being a leading indicator, though.  I
              don't--we're talking about four hundred to two-ninety at
              this point.  That's a long way.

              Cramer:  This average has got a lot of problems to it, but
              I still think that--

              Kernen:  It's no longer the--

              Cramer:  --you sell this as safety.  We don't want safety
              as much as we want a little bit more reciprocality.

                        # # #


550480 has been changed to Merrill per Sean Crandall

550383 and 550385 - I'm still waiting to hear from Mike Driscoll on these -
I'll let you know.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/20/2001 10:53 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/14

Hi Kate, Stephanie Checkout with Prebon because I was out last week and I am
still trying to clear up some deals from the 14th.   The west checkout person
at Prebon is on vacation and his back-up is just now getting back with me on
these discrepancies.

Matt Motley
deal 550383
Prebon says cp should be Neveda Power.,..........we have Sierra Pacific

Matt Motley
deal 550385
Prebon says cp should be Neveda Power.......we have Sierra Pacific

Sean Crandall
deal 550480
Prebon says cp should be Merrill Lynch......we have Morgan Stanley