Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/27/2001 11:38 AM -----

	"Beiser, Megan" <Megan.Beiser@edelman.com>
	06/12/2001 03:56 PM

		 To: "'arem@electric.com'" <arem@electric.com>, "Allen, Stevan"
<stevan.allen@edelman.com>, arm@phaser.com, Bob_Anderson@apses.com,
"brbarkovich@earthlink.net" <bbarkovich@earthlink.net>, cra@calretailers.com,
dennis.flatt@kp.org, dhunter@s-k-w.com, djsmith@s-k-w.com,
Dominic.DiMare@calchamber.com, drothrock@cmta.net, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, gdoar@newpower.com, gharrison@calstate.edu,
hgovenar@govadv.com, jackson_gualco@gualcogroup.com, "jerryl@abag.ca.gov"
<jerryl@abag.ca>, .gov@mailman.enron.com, johnlatimer@capitoladvocacy.com,
ken_pietrelli@ocli.com, kgough@calpine.com, kmccrea@sablaw.com,
kmills@cfbf.com, lhastings@cagrocers.com, "Manuel, Erica"
<Erica.Manuel@edelman.com>, mday@gmssr.com, mmoretti@calhealth.org,
nplotkin@tfglobby.com, randy_britt@robinsonsmay.com, richard.seguin@kp.org,
RochmanM@spurr.org, rrichter@calhealth.org, sgovenar@govadv.com,
smccubbi@enron.com, spahnn@hnks.com, sschleimer@calpine.com, theo@ppallc.com,
vincent.stewart@ucop.edu, vjw@ceert.org, "Warner, Jami"
<jami.warner@edelman.com>, wbooth@booth-law.com, wbrown@lhom.com,
wlarson@calstate.edu
		 cc:
		 Subject: Oil & Gas Journal Online 6/8/2001: Suppliers lobby California law
makers for direct access for consumers

This is another hit that grew out of the media advisory we sent out at the
end of last week.  Also, be on the look out tomorrow for another direct
access story in the Orange County Register.  That's when the reporter on the
story has told us it will run.

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

> Suppliers lobby California lawmakers for direct access for consumers
> By Kate Thomas
> OGJ Online Staff
> HOUSTON, June 8 -- The California Public Utilities Commission is scheduled
> to set a date formally ending retail choice for California consumers at
> its June 14 meeting, despite behind-the-scene maneuvering to keep choice
> alive for big power consumers.
> Large California electricity users and marketers have mounted a lobbying
> campaign in the legislature to keep direct access alive as an option.
> Sources said it has become a pivotal negotiating point in California Gov.
> Gray Davis's efforts to win Republican support for his proposed bailout of
> Southern California Edison Co.
> Davis ushered in the end of retail choice for electricity consumers when
> he signed a bill Feb. 1 that authorized the state to buy power on behalf
> of Pacific Gas & Electric Co. and Southern California Edison. The retail
> choice provision was added as amendment to the legislation. But it also
> left it up to the California PUC to set a date suspending the right of
> retail customers to select and use an alternative energy supplier.
> Davis appears willing to give suppliers and big businesses what they want
> in exchange for supporting his proposal to keep Southern California
> Edison, Rosemead, Calif., out of bankruptcy protection, sources said. He
> and the utility signed a memorandum of understanding under which the state
> would buy the company's transmission assets in exchange for various
> concessions on the part of Southern California Edison.
> But the deal also required various actions by the PUC and the California
> legislature. It also had deadlines under which certain actions were
> supposed to take place.
> So far little has happened. Earlier this week, the Alliance for Retail
> Energy Markets complained the PUC seemed ready to scuttle chances for
> achieving progress on either front by moving ahead to set a date to end
> competition.
> "There's no point for the PUC to support an order when it might be
> superseded by legislation," said Tracy Fairchild, a spokeswoman for the
> marketing organization whose members include Shell Energy Services, a unit
> of Shell Oil Co.; Enron Energy Services, a unit of Enron Corp.; both of
> Houston; GreenMountain Energy Co., Austin, Tex.; Commonwealth Energy
> Corp., White Rock, BC, and Strategic Energy LLC, an affiliate of Kansas
> City Power & Light Co., Kansas City, Mo.
> Opt out provision
> It isn't clear if PUC Commissioner Carl Wood has the support of other
> commissioners to set the date, Fairchild said. The commission also
> regularly postpones and pulls items off the agenda at the last minute if
> there is no consensus. But with a just-enacted rate increase that relies
> heavily on big business to carry the extra load the commission may not be
> amenable to giving large consumers an opt out provision.
> Suppliers have been lining up support wherever they can find it. Earlier
> this year, Vincent Viola, chairman of the New York Mercantile Exchange,
> weighed in on behalf of California suppliers and large retail customers.
> In a letter to Gray, he argued releasing medium and large commercial and
> industrial buyers from the obligation of using state-supplied power would
> free billions of dollars of state capital from the risks of volatile
> energy markets. "It seems that medium and large businesses have been
> deemed unable to negotiate fair and reliable supply contracts on their own
> behalf," he said.
> He noted if industrials and medium sized businesses were allowed to pick
> up a supplier, the role of the state would be rolled back to cover the
> less than 50% of the market that includes homeowners and small business
> owners.
> Viola also touted the use financial market instruments to protect against
> unexpected energy price moves, rather than locking in prices under
> potentially high-priced fixed contracts.
> While retail electric deregulation is in trouble in many parts of the
> country, big business is managing to keep its options alive. Nevada
> recently all but rescinded its deregulation law that would have given all
> classes of customers the right to choose a supplier and ordered incumbent
> Sierra Pacific Resources, Reno, to halt the sale of its power plants.
> But users of one megawatt or more of electricity were exempted at the last
> minute and can still buy from suppliers other than the regulated utility
> units of Sierra Pacific Resources.
>
>


Hey Don, I'm still working on this.  I should have an idea by this Wed.


$10,000..... they're not shy

 -----Original Message-----
From: 	"Eva Pao" <epao@mba2002.hbs.edu>@ENRON [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Tuesday, May 29, 2001 4:43 PM
To:	Arnold, John
Subject:	check this out

http://www.exed.hbs.edu/programs/cs/index.html

-----Original Message-----
From: Arnold, John [mailto:John.Arnold@enron.com]
Sent: Tuesday, May 29, 2001 5:25 PM
To: epao@mba2002.hbs.edu
Subject: RE: how'd you reduce 50%?

	bot,bot,bot

>  -----Original Message-----
> From: 	"Eva Pao" <epao@mba2002.hbs.edu>@ENRON
> [mailto:IMCEANOTES-+22Eva+20Pao+22+20+3Cepao+40mba2002+2Ehbs+2Eedu+3E+
> 40ENRON@ENRON.com]
> Sent:	Tuesday, May 29, 2001 4:20 PM
> To:	Arnold, John
> Subject:	how'd you reduce 50%?
>
>
>
>
>
> -----Original Message-----
> From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
> Sent: Tuesday, May 29, 2001 5:04 PM
> To: IMCEANOTES-epao+40mba2002+2Ehbs+2Eedu+40ENRON@enron.com
> Subject: RE: pooks for president
>
>
>      maybe,  i don't even remember anymore... the numbers are running
> together.  best of all, reduced my risk 50% today.
>
>     -----Original Message-----
>    From:   epao@mba2002.hbs.edu@ENRON
>
> [mailto:IMCEANOTES-epao+40mba2002+2Ehbs+2Eedu+40ENRON@ENRON.com]
>
>
>    Sent:   Tuesday, May 29, 2001 10:35 AM
>    To:     jarnold@enron.com
>    Subject:  pooks for president
>
>    pb, for the
>    kid?
>
>    ---------------------------------------------
>    This message was sent using Endymion MailMan.
>    http://www.endymion.com/products/mailman/
>
>
>


Start Date: 4/27/01; HourAhead hour: 15;  No ancillary schedules awarded.  No
variances detected.

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Attached is the EES update for 12/27.

We have received the NEPOOL escrow instructions and amount, but not the sign off yet to fund.  I assume this will have to be Friday, so its in the forecast for tomorrow.  If not, then it will be Monday or later next week.

Thanks

Wade


FYI.  Silicon Manufacturer Group's comments on interruptible rates, etc.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/13/2001 12:30 PM -----

	"Laura Goldseth" <lgoldseth@svmg.org>
	03/13/2001 11:46 AM

		 To: <lgoldseth@svmg.org>
		 cc:
		 Subject: Re: OBMC!!!

PLEASE OPEN THE ATTACHMENTS

-----Original Message-----
From: Barbara R. Barkovich [mailto:BRBarkovich@earthlink.net]
Sent: Tuesday, March 13, 2001 9:31 AM
To: lgoldseth@svmg.org
Subject: (no subject)
Importance: High

Could you please send these to Blackout Busters? THanks. BB

 - Comments of the SVMG on Outages and OBMC 3-13-01 FINAL.doc
 - SVMG request to formally intervene in inter case re OBMC 3-12-01.doc
 - Request to late file comments in inter case on OBMC.doc


memo


What meeting on Tuesday?  No one has informed me of a Tuesday meeting.

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Friday, November 16, 2001 6:34 PM
To:	Williams, Robert C.; Horton, Stanley; Causey, Richard; Buy, Rick; Frevert, Mark
Cc:	Walls Jr., Rob; Derrick Jr., James
Subject:	RE: Securities Litigation

The company has retained J.C. Nickens of the firm of Clements, O'Neill, Pierce & Nickens to represent you.  J.C. will introduce himself  to you at our meeting on Tuesday.  He is an excellent lawyer who will do a great job.

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Friday, November 16, 2001 11:10 AM
To:	Horton, Stanley; Causey, Richard; Buy, Rick; Frevert, Mark
Cc:	Walls Jr., Rob; Derrick Jr., James
Subject:	Securities Litigation

As you may have become aware, the company received notice yesterday that you have been named as defendants (along with Enron Corp., Ken Lay, Jeff Skilling, Andy Fastow, and Arthur Andersen) in one of the federal securities class actions.  I will forward to you a copy of the Complaint.  We are in the process of determining who would be the most effective counsel for you.  If you wish to have separate representation, please let me know.  I cannot guarantee that the D&O carrier will reimburse you for the cost of separate counsel.

I am setting up a meeting with counsel for Enron Corp., Susman & Godfrey, to discuss this litigation with you as soon as possible.  Please do not hesitate to call me with any questions.

Thank you.


---------------------- Forwarded by Steven J Kean/NA/Enron on 07/06/2001
07:40 AM ---------------------------

steve.knight@businesslayers.com on 06/25/2001 12:57:25 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Can you help me?

I am looking for some help in identifying the right person(s) at: Enron
Corp., for an introduction of our software solution.  Steven, if you could
take a moment and point me to the appropriate contact I would greatly
appreciate it.

Summary of eProvisioning:

eProvisioning radically improves people's Time-To-Productivity by
transforming the disparate activities that allocate IT resources to people
into a secure and automatic process. Once provisioned, these resources
remain digitally connected to each person as they move through the business
cycle and are dynamically updated as necessary. At the appropriate time,
they are systematically, securely and automatically removed.

Organizations that employ eProvisioning gain a competitive edge and access
complete security by ensuring that people are kept productive from day one,
and are prevented from becoming counterproductive beyond the day they leave.
In addition, by aligning their IT infrastructure with business priorities,
organizations can effectively manage change across the extended enterprise,
and better respond to emerging market requirements.

eProvision Day One provides business and IT executives with the ability to
quickly identify bottlenecks and maintain accountability of the
eProvisioning process through comprehensive reporting and tracking
capabilities. As business relationships between organizations expand,
Business Layers technology provides the framework for integration and
interoperability between eProvisioning partners - suppliers and service
providers, devices and applications - which are the digital foundations of
the Internet economy.

Please, if you could give me a few minutes of your valuable time or guide me
to the right person to describe the significant benefits of what we offer."

Web Site:  http://www.businesslayers.com

Demo-Site: http://demo.businesslayers.com
User: blayers
Pass: blayers

Thank you for your time.

Steve Knight
SC Regional Sales Manager
Business Layers, Inc.
817-490-0170


It was so nice to hear from you.  I am glad all is well.  I am glad the new
home is being enjoyed and that you have a job that you like.  I am anxious to
get the news of the birth of your new grandchild.  Please let us know as soon
as possible after the Geraldine delivers.  Also let us know what hospital she
is in where we can send an appropiate gift to mother and child.  My best to
you and your family.

"dario bravo" <dariobravo@hotmail.com> on 05/08/2001 10:06:07 PM
To: stanley.horton@enron.com
cc:

Subject: To my great Friend

Dear Stanley:
  Before hand I'll let you know that we are doing great back home at Down
Under. We have bought our new home and are enjoying it completly. We
receives the photos that you sent us of the twins and we must congradulate
you that they are absolutly beautiful.
  Please let us know how you and the family are doing. I'll let you know
that I'm working doing a small delivery job for a Bakers Factory, nothing to
do with what I was doing but I like it just the same. It's a very early
start but I finish before lunch and that gives me time to look for a part
time job in the afternoon. After I spoke with Paul in the meeting, he said
that he was going to introduce me to other companies from the field, but I
haven't heard from him since then. I won't lose my hope to work for Enron
some day.
  Geraldine is doing fine and has two weeks left before the baby's due,
Chris is doing very good at school and keeping up very well with his soccer
training and Vicky is doing fine also and very happy with what's going on.
Do you still watch Stock Car racing? Let us know how things are going
because we haven't got cable tv yet so we are pretty left out on sport news.
  Hope to hear from you real soon, here's my new address so we can send
letters apart from mailing.
         8 BENNISON ROAD, HINCHINBROOK - N.S.W. - 2168
              PH:(02) 8783 9273
  Our kindest regards for you and to the rest of the family and a special
kiss to the twins.
                      Dario and family
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.


Don't forget lunch today.

Reservations have been made at La Griglia Restaurant, 2002 W. Gray
(713-526-4700) for Noon.


Thanks for the responses -- all look great.  I like coming over knowing that
my calendar will be pretty full.  Dinner sounds great, too.  I am having
dinner with Beth Apollo on Monday evening to talk more about her assignment.
I received a note from Fernley asking about dinner on Thursday evening also.

Hope that the New York trip was worthwhile and that the trip back was
smooth.  --Sally

Mike Jordan
01/11/2001 01:57 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: Topics for next week

see comments in red - rushed - so please excuse my typos

	Enron Capital & Trade Resources Corp.

	From:  Sally Beck                           11/01/2001 17:57

To: Mike Jordan/LON/ECT@ECT
cc:

Subject: Topics for next week

Well, I didn't get this out to you before I left the office last night.  I
was still pouring over bonus info until 9:30, and decided to call it quits at
that point.  Here are some of the things that I would like to do next week:

 review your action plan to move the close and officialization of London
books to same day, - certainly want to review this in detail with you - the
issue being that we may not in the short/medium term be able to change
systems infrastructure to run same day - but with a combination of process
and tactical systems enhancements we may be able to deliver no action p&l,
new activity p&l and position signoff on trade date with 'officialisation' of
books on T+1 in time for RAC VAR explain and limit monitoring process

Also I would like to go through our credit difficulties with you and Ted at
same time - more for information on this  - because when we 'solve' market
risk reporting issues we will face big push to 'clean' credit exposure
reporting process - Office of Chair is very insistent on this

 to replicate, if appropriate,  an Operational Risk information session for
London counterparts (you and I can  review early in the week what we are
doing here in Houston today and modify the info for Europe)
Would defintely welcome this - I can walk through the European MO issues
trying to identify key operational risk themes - top of my list is Metals

I would like to spend some time on Metals with you - hence the lunch on
Wednesday with Andy Cornfield and Howard Carter the two controllers for
Metals ( Brokerage and Merchanting ) - the starting place for this will be
the presentation I gave to Rick Causey in early December.

 discuss the Doorstep process with you and, if you deem appropriate, your
business controllers in the   London office who will participate in Doorstep
reviews this year (clear up and questions and get your input  on how to
continually improve the process),
Would like to brainstorm the linkage between control standards reporting,
self assessment of Op risk and doorstep - this can be done initially in a
small group but additionally I believe the business controllers would welcome
some more background of why Rick,Rick and yourself need the process to be
successful - I think they understand ( I have fully promoted it ) but your
'asides' explaining the weight Jeff assigns to it are very powerful motivators

 discuss with Mark Pickering the technology dependencies of the London office
related to speeding up   London's information for the corporate DPR
As explained above - additionally I would like to walk you through the
implementation of our change management structure which attempts to cross
prioritise all IT development efforts - a meeting with Steve Whitaker, Mark
and Fernley on this would be useful

 do some planning with you for the February 12 & 13 ASE - certainly in
calendar and signed off by the executive committee of one ( my wife !!! )

 discuss the feasibility of utilizing our operational pricing model in London
 - can you let me know some more of this - I am uncertain of it

 discuss your ideas and thoughts on CommodityLogic and other ideas around
potential commercialization of  mid and back office services - The below is a
section of an objective I am asking my settlements director to follow - I
would like to expand on these and other thoughts - particularly the absence
of vision/strategy documentation for CL

Lead on all CommodityLogic initiatives associated with Settlements ( note
this is my definition of what CL should be doing ) including :-
Changing Market practices
create cashflow messaging within each transaction
create payment advice notification for each transaction at inception and
liquidation
re-evaluate operational cost structure associated with any possible changes
to terms of trade
Module/Application developments
Synergy from internal process changes ( pulling Settlements and Documentation
together )
elimination of paper/fax confirmation processes if we can utilise electronic
messaging of cashflow details within transactions and electronic messaging of
payment advices at inception ( based upon planned trade settlement  ) and at
liquidation ( based upon actual trade settlement )

In addition, I would like to meet with anyone in the London office that you
think would be beneficial.  Through Nicki Scott, I understand that Michael
Brown would like to meet with me so we are setting that up.  I will also
spend some time with Beth Apollo and Ted Murphy while I am there.  And I plan
to meet with Fernley as well.

Any other suggestions on topics or people to see?  Can I suggest we also
cover
Remote offices with Naomi Connell
The ledger control process - similarities and differences with Houston
Static reference control processes - ( Global
Counterparties/Companies/Contracts/Facilities etc )
Themes from our business process reengineering reviews prior to Christmas -
similar to bottom up Op risk assessment
A gap analysis for the risk management team - explaining the 'legacy' work
that James New has been leading on
Our plans for EAS in Europe

I shall call to discuss / prioritise and then I can instruct Fiona to
organise meetings

Mike

I think that we have lunch already on the calendar for Wednesday - as above
but would you also be available for dinner with the controllers and Fernley ?


The enclosed document links the basis transactions for the 200,000 MMbtu
done on 1/10/2001 to various February fixed-price deals.  Please confirm
that this is the information that is required to avoid taking on more volume
than intended.

Kind regards,

Charlie Sanchez
Gelber & Associates

 - Feb Basis.xls


Attached is a memo regarding the above.


are all the older people going to ask you why you aren't married yet?


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Start Date: 1/26/02; DayAhead market;  DayAhead schedule download failed. Manual intervention required.

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Error: Crawler lifetime exceeded.


Please keep Lance Schuler and me up to speed on these issues.  Thanks.  Mark
Haedicke
----- Forwarded by Mark E Haedicke/HOU/ECT on 02/16/2001 02:56 PM -----

	"Vasco de Castro Ferraz Junior" <vcferraz@elektro.com.br>
	02/16/2001 01:56 PM

		 To: Gail.Brownfeld@enron.com
		 cc: assad@elektro.com.br, Bruce.Lundstrom@enron.com, John.Novak@enron.com,
Mark.E.Haedicke@enron.com, Orlando.gonzalez@enron.com,
Richard.B.Sanders@enron.com, Robert.C.Williams@enron.com
		 Subject: Re: Bermudes

OK
Once again, thank you so very much.
Vasco.

>>> <Gail.Brownfeld@enron.com> 2/16/01 10:41:43 am >>>

     Thanks for the information.  I'll review it and contact Jim Derrick
seeking approval both for Mr. Bermudes to represent Elektro and for the
filing of the lawsuit.  Hopefully, I'll hear from him today.  I don't
expect it to take longer than Monday.  Thanks for your patience.

"Vasco de Castro Ferraz Junior" <vcferraz@elektro.com.br> on 02/15/2001
05:20:20 PM

To:   Gail.Brownfeld@enron.com
cc:   assad@elektro.com.br, John.Novak@enron.com,
      Orlando.gonzalez@enron.com

Subject:  Bermudes

Gail
I have mentioned to you today by telephone about our  discussions with
ANEEL regarding  the automatic  passthrough of taxes and legal
encumbrances, including a legal opinion we have obtained from Sergio
Bermudes/Marcelo Ferro law firm in relation to this subject.
Orlando and Sergio Assad are about to gave me their clearance to start a
legal suit against ANEEL having in view its refusal to grant to Elektro
such passthrough.
It is my opinion that this case should be handled by Bermudes.
Do you know if  Bermudes is authorized by Enron to represent us as one of
our litigation law firms? If notI would apreciate your help to obtain such
authorization.
Bermudes is a very well known litigation lawyer with a sound reputation in
Brazil and abroad.
Attached you will find his legal opinion I referred above.
Sergio Bermudes / Marcelo Ferro CVs in  English can be reached in the
internet at the following address:  www.sbadv.com.br
Kind regards
Vasco.

(See attached file: Elektro legal_opinion_dec12.doc)


Steve,
?
?
I know this is a long way off, but I have a great idea for you  for Mother's
Day (it'll work for Father's Day too).? Get a webcam and
microphone,?and?download a copy of Microsoft NetMeeting to your  computer.? I
will see to it that?Mom and Dad will be?similarly  equipped. ?See where I'm
going with this?? Mom and Dad will be able to  talk to you and see you.?
They'll love it.??
?
Let me know what you think.
?
?
Phil


From http://www.enerfax.com:

Sonoran Open Season Results

Kinder Morgan and Calpine Report Successful Open Seasons for Sonoran
Pipeline; More than 1 Bcf per Day for Phase 1 from San Juan Basin to
Needles
and Topock; Another 1.5 Bcf per Day for Phase 2 from California Border to
San Francisco.

Canadian Producers Investigate Coal Gas

    Canadian producers are counting on obtaining big natural gas volumes
from shallow coal seams. Alberta Energy, Nexen, PanCanadian Petroleum and
Penn West Petroleum are spending millions of dollars to investigate whether
natural gas trapped in coal beds less than 3,300 feet deep can be produced
economically.  The US derives 7% of its natural gas production from coal
seam gas. Western Canada is estimated to have between 135 Tcf and 260 Tcf
of
recoverable coal gas. Natural gas fields containing at least 17 Tcf have
been discovered in Canada's Far North, but bringing them to market will
cost
billions to build new pipelines and other facilities. Advocates say many
coal deposits sit near existing processing plants and transmission lines,
meaning coal gas fields will be cheaper to connect and produce than Arctic
reserves. The Alberta Research Council has spent several years researching
ways to enhance coal gas production and is looking for C$12 million to
proceed with a pilot project.

El Paso Market Power Abuse Investigation Continues

    FERC's investigation into alleged market power abuse by El Paso is
still
proceeding a month after it began. Both El Paso and the California PUC have
painted contradicting versions of events, and the hearing looks no closer
to
conclusion than when it began. El Paso is attempting to discredit a study
prepared by The Brattle Group, a Massachusetts consultant hired by Edison
to
find evidence that El Paso Merchant wielded market power. It dutifully
concluded that soaring California prices were not caused by regular market
forces and pointed to a conspiracy to widen border-basin price spreads. As
part of El Paso's effort to tarnish the study, a professor of political
economy at Harvard's Kennedy School of Government testified that Brattle's
tale doesnt add up. In order to prove market power, he said 3 conditions
must be met: * The system for getting gas to California must not be full; *
El Paso Merchant must have unutilized, but available, delivery rights; and
*
Other shippers must have fully utilized their delivery rights. The final
condition, he says proves that market power is impossible to establish.

EIA FORECAST

EIA forecast for the 2nd and 3rd quarters of 2001, with last month's
estimates and actual year-ago figures:
(quantities in TCF, prices in $ per MCF)

                        Q2-2001                           Q3-2001
                June   May    2000              June   May    2000
                Est    Est    Actual            Est    Est    Actual
DEMAND      5.04   5.08   5.00             4.90   4.85   4.72
SUPPLY      4.77   4.99   5.02(R)          5.13   5.03   4.94(R)
STORAGE     1.80   1.61   1.71             2.66   2.59   2.47
WHD PRICE   4.35   4.57   3.06             3.95   4.73   3.87
($ per MCF)

This does not compare EIA forecast versus actual for the same period, but
rather, two EIA forecasts (May and June of this year) vs year ago actuals.
Between May and June, EIA's price forecast for the 3rd quarter has plunged
from 4.73 to 3.95.  Demand, Supply, and Storage are all a bit higher.  I
assume Supply means production, that is, it doesn't include imports from
Canada or LNG.

Calpine Arizona Power Plant Connected

    The western power market received a welcome addition yesterday as
Calpines new 540 MW power plant in Arizona began commercial operations. The
natural gas fired South Point power plant has been connected to the grid
and for markets in Arizona, Nevada, and California. Calpine The facility is
at the Fort Mojave Indian Reservation in Mohave County, and is Calpines
first major power plant to start commercial service in the West. It is
developing nine power plants in California that are under construction or
in various stages of permitting, and two new plants under construction in
Oregon and Washington. Together, these new power plants will produce more
than 3,400 MW.

Bob Brooks
GPCM Natural Gas Market Forecasting System
http://gpcm.rbac.com


Notice # 01-181
May 31, 2001

TO:
All NYMEX and COMEX Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Delisting of FTSE Eurotop 100 Option Contract

DATE:
May 31, 2001
===========================================================

Please be advised that the Exchange has determined to delist the FTSE Eurotop
100 Option contract. The delisting shall become effective on Friday, June 8,
2001.

If you have any questions concerning this change, please contact Jay
Gottlieb, Research Department, at (212) 299- 2607.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-181)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
03/31/99 10:28 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Linda Hayman" <lhayman@skadden.com>
03/31/99 10:14 AM

To: Mark - ECT Legal Taylor/HOU/ECT, yapasu@ect.enron.com
cc: amh5h@server2.mail.virginia.edu
Subject: Easter

This is your last chance to spend Easter with us in this millennium.  Amanda
and I will be in DC on Saturday and then we are going to the Inn at Little
Washington outside of DC for Sunday dinner.  Why don't you two Texans charter
a jet and come on in?  It will make a splash with the locals.  Amanda can
introduce you around the law school and upgrade her own standing in the
community.

Linda Hayman
Skadden, Arps, Slate, Meagher & Flom, LLP
919 Third Avenue, 44th Floor
New York, NY  10022
Direct:  212-735-2637
Fax:  212-451-7364
E-Mail:  lhayman@Skadden.com
------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me by
telephone and permanently delete the original and any copy of any e-mail and
any printout thereof.


Here's my request for rehearing so far.  The marketing folks are helping me
with our competitive harm argument and will, I hope, come up with something
plausible.  In the meantime, I would appreciate your comments.


Dear Judge Biren and parties:

Attached are SoCalGas and SDG&E's proposed transcript corrections.  Hard
copies are also being mailed today to the entire service list.

-- Glen J. Sullivan
Attorney for
SoCalGas and SDG&E
101 Ash St.
San Diego, CA 92101
tel:  (619) 699-5162
fax:  (619) 699-5027
email:  gsullivan@sempra.com

 - ld2d-#72060-1.DOC


Pavel,

A commentary on IMF policy with respect to Russia and other countries.
Stiglitz is a very bright person and I agree completely with
his points. Privately, he is even more outspoken.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:08 PM ---------------------------

VKaminski@aol.com on 12/12/99 11:41:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: (no subject)

 W ASHINGTON -- Joseph E. Stiglitz said Wednesday that he would
     resign as the World Bank's chief economist after using the position
     for nearly three years to raise pointed questions about the
     effectiveness of conventional approaches to helping poor countries.

     Stiglitz, who joined the World Bank in February 1997 after serving
     as chairman of President Clinton's Council of Economic Advisers,
     said he would leave the bank at the end of the year and would soon
     return to his academic post at Stanford University.

     His departure will remove from Washington perhaps the most
     outspoken voice in the debate over how rich countries can best aid
     economic development in poor and crisis-afflicted nations. Over the
     last two years in particular, Stiglitz had antagonized officials at
     the International Monetary Fund and within the Clinton
     administration by criticizing their response to the financial
     crisis in Asia and their strategy for encouraging the development
     of democratic capitalism in Eastern Europe and the former Soviet
     Union.

     Stiglitz said the decision to leave had been his. Treasury
     Secretary Lawrence Summers praised Stiglitz as a "major creative
     and intellectual force," and administration officials said the
     United States had not sought Stiglitz's removal. Caroline Anstey, a
     spokeswoman for the World Bank, said Stiglitz had "absolutely not"
     been forced out, and the bank's president, James D. Wolfensohn,
     praised Stiglitz for having helped to move the institution "away
     from the so-called Washington consensus."

     But Wolfensohn has suggested in the past that Stiglitz was too
     quick to second-guess the international aid agencies and the big
     industrial nations that control them. "I think that his recent
     things about Russia, in my judgment, are not wholly correct,"
     Wolfensohn said during the bank's annual meeting this autumn. "I
     think to stand back later and say, 'If you'd done it my way
     everything would have been different,' is a little generous to
     yourself."

     Stiglitz made no secret Wednesday of feeling constrained in his
     ability to speak out as freely as he wished. He said he was looking
     forward to the unfettered freedom of expression afforded by his
     return to the academic world.

     "Whenever you're in an organization there are some pressures,"
     Stiglitz said in an interview. "I felt that it was important for my
     intellectual integrity to be able to express myself as forcefully
     as I thought was appropriate."

     A liberal with a strong belief that governments and institutions
     have a significant role to play in economic development and that
     market forces cannot be counted on to deal with every problem,
     Stiglitz challenged the prevailing orthodoxy among policy makers in
     Washington.

     He said that the monetary fund went overboard in Asia in demanding
     that the countries ensnared in the financial crisis cut their
     budgets, arguing that fiscal austerity sometimes extracted too high
     a price from poor people without generating a corresponding
     improvement in international economic confidence.

     He took issue with the view held by the fund and the U.S.
     government that controls on the international flow of capital were
     counterproductive or impractical, saying that in some cases it was
     justified to restrict short-term flows of money in and out of a
     developing economy. He said industrialized countries sometimes
     pushed developing nations too fast to deregulate their financial
     systems.

     He suggested that the United States and the monetary fund had
     failed to acknowledge that their prescription for Russia -- quick
     privatization of state-owned industries, an end to state oversight
     of the economy, abolition of price controls and an opening up to
     the rest of the world -- had not produced the intended results and
     indeed had left many people worse off.

     "Stiglitz has been a very strong advocate for the poor and the
     excluded, and he's been one of the best things in the World Bank in
     the last decade," said Seth Amgott, a spokesman for Oxfam, which
     promotes poverty-fighting policies. "He's also been very pointed
     and insightful in discussing the role of the IMF. We're not used to
     that kind of candor."

     Stiglitz won few friends among economists and policy makers at the
     Treasury Department and the monetary fund. But his message was
     greeted enthusiastically in poor countries, and he said he was
     leaving the bank feeling that he had helped to stimulate a more
     vigorous debate about the policy prescriptions that wealthy nations
     impose on developing countries.

     "On some of the specific issues, there has emerged really a broad
     consensus behind the views I took," Stiglitz said.

     "There's a recognition that policies in East Asia were excessively
     contractionary on the fiscal side," he continued. "There's a
     recognition that capital market liberalization, in the absence of
     adequate regulatory structures, exposes countries to much higher
     risks. And on the debate about economies in transition, there's a
     general consensus that the issues I've been raising are the right
     issues, and that while no one has the answers, we're not going to
     get answers until we're willing to ask the questions."

     Stiglitz had told friends recently that he intended to leave, and
     he informed Wolfensohn Wednesday morning of his decision.
     Wolfensohn said Stiglitz would continue to act as an adviser to him
     and Stiglitz would lead the search for a new chief economist.

     Ms. Anstey, the bank's spokeswoman, said that asking Stiglitz to
     head the search committee was a signal of the institution's
     "intention to select someone who will continue the
     Wolfensohn-Stiglitz agenda" of focusing more on the needs of poor
     countries and less on more orthodox policies developed in
     Washington.

     Stiglitz said his approach was built around two basic themes:
     giving more of a voice to poor nations in setting policy and
     recognizing the crucial role that government must play in economic
     development.

     "We are rebalancing our thinking about the role of the state,"
     Stiglitz said. "Some of the failures, like in East Asia, involve
     cases where government did too little, like in financial
     regulation, rather than too much."


Oops - here you go - FYI
----- Forwarded by Meredith Philipp/Corp/Enron on 10/09/2000 12:16 PM -----

	Meredith Philipp
	10/09/2000 12:16 PM

		 To: Kenneth Lay/Corp/Enron@ENRON
		 cc: Rosalee Fleming/Corp/Enron@ENRON, Cindy Olson/Corp/Enron@ENRON, Bobbie
Power/Corp/Enron@ENRON
		 Subject: Remarks for 1:30 Press Conference


Dan,

This includes some additional comments and explanation of the lost data
around the time of the manual counter re-sets.

Regards,
Hollis
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 04/09/2002
03:00 PM ---------------------------

Mark Fisher
04/09/2002 02:03 PM
To: Hollis Kimbrough/EWC/Enron@ENRON
cc:

Subject: WR585 Mill Run Production Data

Hollis,

I have updated the report, adding some additional detail.

Mark Fisher


Hello all:

In case any of you feel energetic, "the boxes are here".  They are located
at 2963B (Michael Sergeev's old desk).  Feel free to take as many as
you will need.  Be sure to label everything with your new office location.
If your file cabinets lock, you can just label them and lock them.

Again, listed below is your new office location:

Stinson Gibner  EB 1936
Joseph Hrgovcic EB 1947
Paulo Issler  EB 1935
Vince Kaminski  EB 1933
Krishna Krishnarao EB 1938
Martin Lin  EB 1930E
Grant Masson  EB 1941
Kevin Moore  EB 1944
Maureen Raymond EB 1928
Mike Roberts  EB 1945
Vasant Shanbhogue EB 1949
Vincent Tang  EB 1934
Ravi Thuraisingham EB 1932
Zimin Lu  EB 1942

If you have any questions, or need any assistance, please contact me, Kevin,
or Sam.

Thanks and have a great day!

Shirley
3-5290


Please select your reviewers throught the PEP on line system.  If you need
help doing so, please contact Shanna Funkhouser.  Thanks.


Please discuss this with Morgan.  I didn't know CGV had a delivery point off
Transco.

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/28/99 09:24
AM ---------------------------

pdrexel@columbiaenergygroup.com on 12/28/99 07:52:34 AM
To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject: TRANSCO # behind CGV JAN 2000

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/28/99
07:58 AM ---------------------------

Heidi Boyd
12/27/99 06:16 PM

To: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: TRANSCO # behind CGV JAN 2000

Hi Noel and Paul,

I don't know who else to copy on this, please forward it to them and cc me if
you don't mind.

I need   498 dth's/day total to be sent to CGV  for three of my customers  in
Jan 2000.   Thanks!


I got your voice mail.  Kirk Stevens and I are meeting this morning to look at
the quarterly forecast numbers.  May closing will be completed tomorrow and
this will give us a better picture on the 2nd quarter.  After Kirk and I talk
we will get back to you with a response on where we stand for the quarter.


The copy is on its way via my runner.

---------------------- Forwarded by Iris Waser/HOU/EES on 02/27/2001 04:23 PM
---------------------------

	Enron Energy Services

	From:  Mike D Smith                           02/27/2001 04:17 PM

To: Iris Waser/HOU/EES@EES
cc: Gerald Nemec/HOU/ECT@ECT
Subject: EES Master

please handle
---------------------- Forwarded by Mike D Smith/HOU/EES on 02/27/2001 04:17
PM ---------------------------
From: Gerald Nemec@ECT on 02/27/2001 04:16 PM
To: Mike D Smith/HOU/EES@EES
cc:
Subject: EES Master

Mike,  I never did receive a executed copy of the Master and Transaction
Agreement between EES and Enron Compression Services Company.  Do you have a
copy and could you send it to me?


Peggy:  Steve Kean says it looks good to him.

    Maureen

	Peggy Mahoney@EES
	10/05/2000 11:51 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Cedric
Burgher/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON
		 cc:
		 Subject: Press Release

For your review.
---------------------- Forwarded by Peggy Mahoney/HOU/EES on 10/05/2000 11:50
AM ---------------------------

Gael Doar
10/04/2000 02:20 PM
To: Peggy Mahoney/HOU/EES@EES
cc:
Subject: Press Release

Peggy -

Here is a draft press release which we intend to release before the market
opens tomorrow, October 5, regarding the price for TNPC's stock.

It is my understanding that this is the format that complies with SEC
requirements.  I have worked with Marc Manly in our office and David Stone of
Vinson & Elkins.

Call me if you have any questions.

Gael


Per your request, please see attached.


It was not meant as an implication, but rather a reiteration of mind-sets
expressed to me on multiple occasions.

	Enron Capital & Trade Resources Corp.

	From:  Tobin Carlson                           03/28/2000 12:32 PM

To: Benjamin Freeman/Corp/Enron@ENRON, Susan M Scott/HOU/ECT@ECT, Nicholas J
Stephan/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON, Lisa Gillette/HOU/ECT@ECT
cc:
Subject: Re: The life of an egg....

I think you may, in fact, be onto something there Sir Freeman. :)

To: Susan M Scott/HOU/ECT@ECT
cc: Lisa Gillette/HOU/ECT@ECT, Tobin Carlson/HOU/ECT@ECT, Nicholas J
Stephan/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON
Subject: Re: The life of an egg....

That was an insightful commentary on the male condition. I guess you're
implying that all of us guys need a good lay or day. Even Lisa too.


Okey dokey.

	From:  Matthew F Gockerman @ ECT                           09/24/2000 04:08 PM

To: Kay Mann/Corp/Enron@Enron
cc: Heather Kroll/HOU/ECT@ECT

Subject: VEPCO - Tax Clause

Kay:

I have been speaking with Barbara Cole at Dominion Resources regarding
Article 11 (Taxes) of the Capacity and Energy Agreement By and Between
Edgecombe Development Co., LLC and Virginia Electric and Power Company.
Below please find a revised Article 11.2.

We recommend the deletion of the language in red.  Additionally, we recommend
the insertion of the language in blue.

Thanks.

- Matt
(x33979)

PS:  Barbara is also notifying her Legal contact of this change.

 - ARTICLE 11 Enron contract.doc


Username: gnemec

Pass:  jbkg01grn


fyi
---------------------- Forwarded by Steven J Kean/HOU/EES on 09/08/99 03:49
PM ---------------------------

Joe Hillings@ENRON
09/08/99 02:52 PM
To: Joe Hillings/Corp/Enron@Enron
cc: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES,
Jeffrey Sherrick/Corp/Enron@Enron
Subject: Re: India And The WTO Services Negotiation

Sanjay: Some information of possible interest to you. I attended a meeting
this afternoon of the Coalition of Service Industries, one of the lead groups
promoting a wide range of services including energy services in the upcoming
WTO GATTS 2000 negotiations. CSI President Bob Vastine was in Delhi last week
and met with CII to discuss the upcoming WTO. CII apparently has a committee
looking into the WTO. Bob says that he told them that energy services was
among the CSI recommendations and he recalls that CII said that they too have
an interest.

Since returning from the meeting I spoke with Kiran Pastricha and told her
the above. She actually arranged the meeting in Delhi. She asked that I send
her the packet of materials we distributed last week in Brussels and London.
One of her associates is leaving for India tomorrow and will take one of
these items to Delhi.

Joe

Joe Hillings
09/08/99 11:57 AM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES,
Jeffrey Sherrick/Corp/Enron@Enron (bcc: Joe Hillings/Corp/Enron)
Subject: India And The WTO Services Negotiation

Sanjay: First some information and then a request for your advice and
involvment.

A group of US companies and associations formed the US WTO Energy Services
Coalition in late May and has asked the US Government to include "energy
services" on their proposed agenda when the first meeting of the WTO GATTS
2000 ministerial convenes late this year in Seattle. Ken Lay will be among
the CEO speakers. These negotiations are expected to last three years and
cover a range of subjects including agriculture, textiles, e-commerce,
investment, etc.

This morning I visited with Sudaker Rao at the Indian Embassy to tell him
about our coalition and to seek his advice on possible interest of the GOI.
After all, India is a leader in data processing matters and has other
companies including ONGC that must be interested in exporting energy
services. In fact probably Enron and other US companies may be engaging them
in India and possibly abroad.

Sudaker told me that the GOI has gone through various phases of opposing the
services round to saying only agriculture to now who knows what. He agrees
with the strategy of our US WTO Energy Services Coalition to work with
companies and associations in asking them to contact their government to ask
that energy services be on their list of agenda items. It would seem to me
that India has such an interest. Sudaker and I agree that you are a key
person to advise us and possibly to suggest to CII or others that they make
such a pitch to the GOI Minister of Commerce.

I will ask Lora to send you the packet of materials Chris Long and I
distributed in Brussels and London last week. I gave these materials to
Sudaker today.

Everyone tells us that we need some developing countries with an interest in
this issue. They may not know what we are doing and that they are likely to
have an opportunity if energy services are ultimately negotiated.

Please review and advise us how we should proceed. We do need to get
something done in October.
Joe

PS Terry Thorn is moderating a panel on energy services at the upcoming World
Services Congress in Atlanta. The Congress will cover many services issues. I
have noted in their materials that Mr. Alliwalia is among the speakers but
not on energy services. They expect people from all over the world to
participate.


Richard,

Following our coversation of yesterday, I set out for you below the following:

1.  An explanation (in draft) of the Dutch power market and the events
leading up to the current market "squeeze" by certain players, which we have
produced and discussed for our external lawyers.

2.  A schematic of arguments which we produced for external lawyers before
Christmas just relating to the mis-application of capacity by TenneT.

3.  A copy of our e-mail to Clifford Chance of last Wednesday summarising the
issues in order of priority for their advice.

Please note that, purely on the swap element of this jigsaw, we are
attempting to arrange a conference with a Queen's Counsel for next Monday
afternoon.  Hence, it may be better for our meeting (with Jeff patched-in) to
take place next Tuesday - clearly the advice on all the elements involved (as
set out in 3) in toto will not be complete until we have had the conference
with the QC.

I am due to receive tomorrow, however, from Clifford Chance their legal
strategy report on all the other issues raised in my e-mail (item 3) and
shall forward you a copy on receipt.

Kind regards

Mark

---------------------- Forwarded by Mark Elliott/LON/ECT on 26/01/2000 19:01
---------------------------

Mark Elliott
19/01/2000 15:11
To: Tjepco.vanVoorstVader@cliffordchance.com
cc: ed.patton@cliffordchance.com, Joe Gold/LON/ECT@ECT, Roy
Poyntz/LON/ECT@ECT, Ross Sankey/LON/ECT@ECT, Teun Van Biert/LON/ECT@ECT, Dirk
Van Vuuren/LON/ECT@ECT, Stephen Asplin/LON/ECT@ECT, Andreas
Lorenz/LON/ECT@ECT, Reuben Maltby/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Mark Schroeder/LON/ECT@ECT

Subject: URGENT: SECOND E-MAIL FOLLOWING CLIFFORD CHANCE MEETING IN AMSTERDAM
- Dutch txn - Year 2000 - Issues to work up into a legal strategy: STRICTLY
PRIVATE & CONFIDENTIAL - ATTORNEY - CLIENT PRIVILEDGE

Tjepco,

Following our useful meeting with yourself and your colleagues yesterday in
Amsterdam, I now set out below the various issues, in what we consider to be
the order of priority, relating to Dutch transmission for the Year 2000 upon
which we need your, and your colleagues', advice with respect to framing an
entire coordinated legal strategy (e.g., time-lines / scales, coordination
between actions, ?Nma v Courts or both, costs liabilities of Enron to
defendants if we lose) for Enron so as to apply the maximum, effective, legal
pressure on the various parties and to effect a resolution to such issues as
quickly as possible - the longer the current situation persists the more
money Enron will lose - whilst at the same time allowing us to weigh up the
"cost - benefit" analysis of all the various scenarios.

Please note the following when planning our legal strategy:

- Enron Capital & Trade Resources Limited ("ECTRL") (an English incorporated
company) is our company which has entered into physical electricty sales
contracts to supply certain Dutch Distribution Companies. The physical supply
contracts are governed by Dutch law and are subject either to ICC arbitration
in either Paris, Rotterdam or the Hague or the NAI in Rotterdam or the Hague
(dependant upon the counterparty).

- ECTRL is also a Participant on the APX.

- Enron Capital & Trade Resources International Corp. ("ECTRIC") (a company
incorporated  in Delaware, U.S.) is the Enron entity which, as principal,
enters into financial swaps, arranged through Enron Europe Finance & Trading
Limted ("EEFT") (an English incorporated company which is regulated by the
SFA),  with, among others,  Dutch Distribution companies.   The swap
contracts have all been documented on a "Deemed" ISDA basis (representative
confirms have already been sent to you on this aspect).

Clearly although the first three issues are "TOP PRIORITY", the Secondary
Priority Issues are not far behind them and so we should be obliged to
receive your consolidated written report on all the issues on or before
Wednesday, 26th January, as we discussed yesterday.  When providing that
report, please also let us have at the same time estimates of your fees for
the whole of your team (incl. London and the US) ("ball-parks" are fine at
present) broken down into:

- fees for Clifford Chance's preliminary advice, including the written
strategy report;

- fees for Clifford Chance prosecuting the Sep take-or-pay issues;

- fees for Clifford Chance prosecuting the APX issues;

- fees for Clifford Chance prosecuting any actions / defences / counterclaims
on the swaps and / or physical contracts.

Fee estimates for Clifford Chance prosecuting any of the Secondary Priority
issues can come later.

Please also pay particular attention to how we might obtain evidence to the
appropriate standard of market rigging on the APX etc., conspiracy, etc, re
defence / counterclaim to any non-payment by Enron on the Swaps (see Points 2
+ 3 below).

1. IMMEDIATE PRIORITY - Query: What  Court actions do we have against TenneT
and / or SEP re allocation of capacity by TenneT   to SEP for Yr 2000 in
November 1999?

 Issue 1 - Miss-allocation by TenneT of 1500 MW of cross-border capacity by
TenneT to SEP (first step in allocation which defined quota of balance of
cross-border capacity available to the market)

 Issue 2 - Unlawful speculative reservation or other unlawful reservation of
capacity by SEP (e.g. re non take-or-pay elements).

 Issue 3 - Unlawful retention and / or unlawful application of capacity by
SEP once granted capacity by TenneT (blocking of essential facilities,
i.e.,   generation, to other parties)

Resolution required:
The quickest way possible to deny Sep right to use TenneT capacity for
non-take or pay elements (nb relevant take or pay is energy component ie
obligation to import at border cf take or pay on "virtual" capacity) as soon
as possible
The quickest way possible to have that capacity released to the APX in
accordance with existing "use it or lose it" principle or TenneT to allocate
to term market under "weekly" contract category established by DTE as soon as
possible.

Evidence:  Herkstroter report (implied), 1999 despatch regime (implied),
general market "consensus", electricity plans?, DTE consultation paper on
transmission (reference to virtual power plants), EZ/DTE advice which limited
reservation to take or pay (hence only needed if some parts were non take or
pay).  Current despatch levels on term deals (imply Sep taking 1500 MW).
Query method of putting all of this in evidence, "discovery" etc.

(PLEASE NOTE THAT THIS IS ALREADY INCLUDED AS AN ISSUE IN THE EXISTING NMA
COMPLAINT AGAINST TENNET (NOT SEP AT PRESENT) IN RESPECT OF ITS ALLOCATION
PROCESS ON COMPETITION GROUNDS COMMENCED THROUGH LOEFF CLAEYS IN DEC 1999).

Points to note :  (1) Initial Clifford Chance view - Summary proceedings
against TenneT & Sep.  Time-line needed of when to commence,      length of
time to get to Court, ? best methodology of getting Sep contracts before the
Court, etc

     (2) Query value of Clifford Chance initial letter to TenneT and / or Sep
requesting confirmation that all Sep contracts are full      take-or-pay.

2. IMMEDIATE PRIORITY - Query: Preparation of  Draft proceedings against the
APX

 Issue 1 - Drafting of summary proceedings by ECTRL as a Participant against
APX for failing to enforce & to compel them to enforce the APX Rules on
ensuring firm cross-border capacity pre-bid & to prevent market manipulation.

  Note failure of APX to enforce its Rules causes losses both to:

  (a) ECTRL on its physical sales onto APX from Germany (and Belgium) by
virtue of other parties preventing legitimate level of sales by    ECTRL by
breaching APX rules Art 12.1 etc.

  (b) ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price);
   plus

  (c) ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX,    causing
artificially high prices, hence securing more profit out of the swaps.

 Issue 2 - Query availability of shareholder (10%) action by ECTRL (in
concert with others) as shareholders of the Exchange against APX for
mis-management in failing to enforce APX Rules leading to (a) damage to
certain  Participants and / or (b) damage to APX's prospects as a main
European power exchange.

Resolution required / Tactics: (1) APX has published certain cross-border
transmission contract "audit" requirements which are to come into
effect       on 20.1.2000 (copy will faxed shortly) - we query effectiveness
of this "compromise" approach plus there isnothing       specific mentioned
re other manipulative conduct (e.g., "crossing").  Hence, Issue 1 above
required to be done       as, if APX measures fail, then we may need to file
suit quickly to bring matters to a head.

     (2) IMPORTANT - Irrespective of whether or not APX audit prevents
manipulation etc., need to consider taking       appropriate actions
againstAPX  or others in any event asap in order to flush out evidence re
manipulation /       conspiracy among certain Participants re any defence /
counterclaims to any non-payment on swaps etc - see        3 below.

     (3) Query benefit at this stage of shareholder letter to APX "setting
scene" for mis-management corporate action

Points to note: Time-line needed of when to commence, length of time to get
to Court., etc, plus, re (2) above, ? best methodology of gathering
sufficient    evidence in due time for defence / counterclaims on swap issues
- see 3 below.

3. IMMEDIATE PRIORITY - Query:  Do we have any legitimate grounds for
non-performing on our swap contracts / physical contracts,  and  what should
be our strategy re this (e.g., pre-emptive actions or defensive actions /
counterclaims)?

 Note: certain counterparties to contracts with Enron are causing loss to
Enron by, what we believe, is market manipulation of APX, collusion to
lock-up  market etc.  Certain other parties to such contracts with Enron we
do not believe are party to such conduct.  Losses to Enron are however
occurring as  follows:
  (a) to ECTRL on its physical sales onto APX from Germany (and Belgium) by
virtue of other parties preventing legitimate level of sales by    ECTRL by
breaching APX rules Art 12.1 etc.

  (b) to ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price);
   plus

  (c) ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX,    causing
artificially high prices, hence securing more profit out of the swaps.

 Issue 1 - Can ECTRIC legitimately withhold payments on the swaps?

   - Query:  availability of pre-emptive damages or other forms of action(s)
against swap counterparties

  -  Query: best jurisdiction (esp. re swaps - English, Dutch US)?

Resolution needed:  need to obtain from a strategic perspective best
jurisdiction(s) and best course and causes of action on a pre-emptivebasis as
far as    possible - to avoid claims of forum shopping and bring maximum
pressure; plus advice needed on whether we should take pre-emptive    action
or to defend and / or counterclaim if we get sued if we do not perform on
swaps or physical contracts.

Initial Clifford Chance view:  None / no suitable  pre-emptive action
available to Enron - defences / counterclaims only.  All proceedings likely
to be in England and subject to contracts' governing law (English) (under Art
17 Brussels' convention + Dutch conflict of laws principles).  Highly
unlikley that any U.S. action by Enron practically possible - U.S. courts
will consider forum shopping (unless can show that Dutch counterparty has
"minimum contacts in the US" (?means in detail?) - even then, U.S. courts
unlikely to give any appropriate relief - query enforcement problems in any
event.   Clifford Chance's initial "gut reaction" is to withhold payment -
wait for counterparty to sue which would probably be by way of summary
judgement (approx 2 - 3 months to get court in England).  If so, to defeat
summary proceedings thus delaying matters to full trial, ECTRIC would then
need to establish prima facie case for either defence on breach of  implied
term (v. difficult indeed but "gut reaction" is that London Commercial Court
could be swayed by an argument that actual counterparty has acted in bad
faith, e.g., manipulated mkt - fairly untested area) and / or counterclaim
for conspiracy to defraud (for which need to establish prima facie case of
conspiracy between counterparty and others to rig the mkt, etc).

Notes: (1) Need to thoroughly investigate all options here (approx 70 % of
losses could be on the swaps)

 (2) Need to consider evidence re mkt rigging / conspiracy to defraud,
practically whether this could effectively be brough to light by any
actions   against APX - see Issue (2)  of Point 2 APX above -  the "race"
between timescales of summary judgment in England versus any actions
against   APX under Dutch law to flush out evidence .  Any additional ways of
securing appropriate evidence to the relevant standard of proof (whether
through crt actions or otherwise) - whether in the UK, US or in the
Netherlands - and timescales?  E.g., availability of putting people on the
"Witness   Stand" in the Netherlands

 (3)  Queries re Clifford Chance initial view:

  (a) Repercussions - action by counterparty not by way of summary judgment
but by way of filing insolvency petition under Section 123  IA    1986

  (b) Any views altered re amenability of commercial crt if (i) Enron knew
last year that APX could be manipulated + if Enron itself had enterd into
similar, but smaller-scale, manipulation for short period last year?

 (4) Check: Ability of Dutch counterparties to swaps to speculate rather than
hedge by way of OTC Derivatives and any good faith/integrity issues re'
parties use of speculative cf hedging swaps combined with deliberate and
systematic market manipulation by swap counterparts.

 (5) Query:  Any SFA repercussions for EEFT?

 Issue 2 - Liability of ECTRL under physical supply contracts.

  - Does 20% liability cap on physical contracts work if ECTRL fails
intentionally to deliver?

  - Does consequential losses exclusion on phyiscal contracts work if ECTRL
fails to deliver?

  - Strategy (i.e., should we fail to deliver, pay undisputed amount of bill
and dispute rest of bill and let counterparty take us to arbitration?  OR,
can    this have any adverse repercussions re any other opart of our legal
strategy?)

4. SECONDARY PRIORITY - Query: What actions do we have against TenneT to
recoup our losses re allocation of capacity by   TenneT for Yr 2000 in
November 1999?

Issue 1 - Misapplication in law of capacity (i.e. 800 MW) by TenneT to Market
parties (e.g., Enron) after Sep allocation : allocation favoured incumbents
based on market share - this caused a new entrant such as Enron loss.

Issue 2 - General unreasonable behaviour / lack of good faith of TenneT
Misleading market with early rules; addition of extra unfounded rules post 19
Nov (in reasonable knowledge that market parties had already acted on earlier
information from TenneT).
1,2 Jan 2000 : closing Dutch market to imports (query whether this was also
for the UCTE system support activities; suspect not) in an unreasonable
fashion ie changed procedures when it had no need so to do.  The normal
procedures whereby TenneT curtailed in the event of a problem on the day
would have been sufficient to maintain system stability.
Disingenous allocation of 2300 MW in off-peak capacity (night) at the same
time as indicating to the market that no more than 1000 or 1200 MW was
expected by TenneT to be available for use due to Sep's plant despatch
regime.  Reasonable action would have been to allocate no more than the 1000
MW to Sep and the market on a term basis with any additional capacity
available on a given day treated as (uncertain) spot capacity and allocated
to the APX.
Lack of checking and/or other disingenuity re' failure properly to check Sep
take or pay obligations.
Lack of transparency of information eg French grid problems result in cut of
300 MW available to APX.  No assistance from TenneT either to provide
guidance as to the real extent or duration of the problem or to take
reasonable steps to mitigate the problem by eg co-operating with market
parties aiming to put in place offsetting transit arrangements to alleviate
the congestion.

PLEASE NOTE THAT THIS IS ALREADY SUBJECT TO THE SAME EXISTING NMA COMPLAINT
ON COMPETION GROUNDS REFERRED TO IN 1. ABOVE COMMENCED THROUGH LOEFF CLAEYS
IN DEC 1999.

Resolution required:  Damages against TenneT

Evidence:  Herkstroter report (implied), 1999 despatch regime (implied),
general market "consensus", electricity plans?, DTE consultation paper on
transmission (reference to virtual power plants), EZ/DTE advice which limited
reservation to take or pay (hence only needed if some parts were non take or
pay).  Current despatch levels on term deals (imply Sep taking 1500 MW).  Sep
newspaper quotes (intent to use 1500 MW day and night) - intended block on
capacity and refusal to contemplate change to superpeak pricing.  Query
method of putting all of this in evidence, discovery etc.

5. SECONDARY PRIORITY -  Query:  ability of Enron to claim damages against
APX for losses suffered owing to failure of APX to enforce its Rules and to
allow gaming, etc.

Note failure of APX to enforce / have enforced its Rules causes losses both
to:

(a) ECTRL on its physical sales onto APX from Germany (and Belgium) by virtue
of other parties preventing legitimate level of sales by ECTRL by breaching
APX rules Art 12.1 etc.

(b)  ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price);
plus

(c)  ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX, causing
artificially high prices, hence securing more profit out of the swaps.]

Resolution required:  Damages against the APX

6. SECONDARY PRIORITY - Query: Actions against APX Participants for
manipulating the APX DAM causing losses to Enron

Note manipulation of APX DAM by certain Participants causes losses both to:

(a) ECTRL on its physical sales onto APX from Germany (and Belgium) by virtue
of others parties preventing legitimate level of sales by ECTRL by breaching
APX rules Art 12.1 etc.

(b) ECTRL on its physical supply contracts (as prices on the APX are
artificially higher than contracted supply price); plus

(c) ECTRIC on swaps - ECTRIC shorted APX floating price to certain APX
Participants whom we believe are now manipulating the APX, causing
artificially high prices, hence securing more profit out of the swaps.

Resolution required:  What action can we take against APX Participants (i) to
prevent them further manipulating APX and (ii) claiming our losses against
them on both ECTRL's physical supply contracts and ECTRIC's swaps?

In particular:   Query:  availability of injunction / summary proceedings
against APX Participants to prevent them from manipulating APX DAM

7.  SECONDARY PRIORITY -  Query : Actions against SEP

(a) Plant despatch : see below re' collusive behaviour.

(b) Protocol : Sep refusing to contemplate changes to superpeak charges
(which in no way bear reasonable relation to supply/demand or electricity
production costs).

Query : availability to Enron of injunctive and/or other relief against Sep
for (a) unlawful application and retention (eg query damages action against
Sep) and /or (b) nature plant despatch and / or (c) conduct re Protocol.

Evidence : Herkstroter report (implied), 1999 despatch regime (implied),
general market "consensus", electricity plans?, DTE consultation paper on
transmission (reference to virtual power plants), EZ/DTE advice which limited
reservation to take or pay (hence only needed if some parts were non take or
pay).  Current despatch levels on term deals (imply Sep taking 1500 MW).  Sep
newspaper quotes (intent to use 1500 MW day and night) - intended block on
capacity and refusal to contemplate change to superpeak pricing.  Query
method of putting all of this in evidence, discovery etc.

5. Query:  Actions available to Enron against Parties for collusive behaviour

Supply market actions

Deliberate and systematic attempts by certain parties (predominantly large
Dutch distcos) to deny new entrants ability to access capacity/energy at
reaonable prices by virtue of a) withholding capacity within NL ie Protocol
and b) breaching APX rules (gaming) in such a fashion as to block legitimate
access for those parties with foreign txn to sell legitimate volumes on APX
consistent with APX rules.   Effect of withholding capacity from market
compounded by (collusive) actions to manipulate APX prices by strategic
bidding.

 - Protocol: Collusive behaviour suspected by Dutch Distcos re locking
parties out of re-contracting and use of Protocol to disadvantage of new
market entrants (e.g., see EnergieNed letter: ?? now in public domain + note
transcript of Wed 12.1.00 Arnhem Court case on Protocol re intent of parties
to  keep market short)

 - APX
  - Art 25.3 APX DAM Regs - collusion by certain APX Participants suspected
re rigging APX prices

  - Art 12.1 APX DAM Regs - collusion suspected by certain APX Participants
re failing to ensure that parties have firm cross-border capacity prior to
making bids on to APX

Sep/TenneT

- Import allocation : collusion to fudge take or pay issue?
- Plant despatch by Sep : collusion to ensure that Sep can despatch plants in
such a fashion as to minimise possible imports?

Note : burden and standard of proof of collusive behaviour and ability and
means to obtain discovery of such behaviour.  Some evidence exists from ENECO
court case (transcript of Arnhem case public?) plus EnergieNed letter pls
taped APX participants meeting of 10 Jan 2000 (public or accessible to Enron
as participant?).

Kind regards

Mark


Here they are.  Please review and provide comments quickly.  I'd like to get
this off to Kari ASAP.  Thanks.

Jeff


Here is the Goldman Presentation


Attached is MID's Response to the Presiding  Judge's November 15 Order Lifiting Protective Order.
Daisy M. Matthews
Duncan, Weinberg, Genzer & Pembroke, P.C.
1615 M  Street, N.W.
Suite 800
Washington, D.C.  20036
202-467-6370
202-467-6379 (fax)dmm@dwgp.com

 - MID Protect Resp.doc


Apologies - here is the corrected version.


Group,
I can now be reached with email outside of work at wwilliamsiii@palm.net
This should work even if my cell does not.

 [mailto:wwilliamsiii@palm.net]

BW


Gina,

Have we figured out what happened here?  I haven't heard anything in a while.

Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 08/23/2000 11:29
AM ---------------------------

Michelle Cash
07/13/2000 11:04 AM
To: Brian Schaffer/Corp/Enron@ENRON
cc: David Oxley/HOU/ECT@ECT, Gina Corteselli/Corp/Enron@Enron, Kathryn
McLean/HOU/ECT@ECT, Cindy Olson/Corp/Enron@ENRON
Subject: Re: Performance Review Process

I agree with Brian.  I recently learned that someone can "hack" into the
emeet site and pretend to be Jeff Skilling (as I discussed with you, Brian,
this morning).  So, we probably should start with that group to see if there
are any gaps in the email system.

I would suggest that someone from Net Works -- Roberto DeLeon or his crew--
would be the appropriate technical support for this endeavor.  I agree with
Brian that the focus should be on the impersonation of the office of the
chairman and not the content of the email itself.

I am happy to assist in any way you would like.

Michelle

Brian Schaffer@ENRON
07/13/2000 10:28 AM
To: David Oxley/HOU/ECT@ECT
cc: Gina Corteselli/Corp/Enron@Enron, Michelle Cash/HOU/ECT@ECT, Kathryn
McLean/HOU/ECT@ECT, Cindy Olson/Corp/Enron@ENRON
Subject: Re: Performance Review Process

David:

 I am less concerned about the substantive comments of the message as I am
about the "forgery" of the ECT OTC mailbox.  Unless Michelle or another
opines differently, I believe it is incumbent upon us to determine who
mis-used that e-mail address.  This is not to say that an employee should be
disciplined for raising complaints; obviously that would be retaliatory in
nature.  And so, if this person had simply left an anonymous voice message or
old-fashioned letter with OTC, I would have no issue.  But, here, this person
has sent a communication ostensibly from ECT's OTC and apparently has access
to do so in the future.  In my mind, that activity must be addressed and
ceased.

 I suspect that it is technologically feasible to determine the source of the
message.  Unless there is objection, I would recommend an investigation
(which my group can do) to determine the author.

Brian

David Oxley@ECT
07/13/2000 09:59 AM
To: Gina Corteselli/Corp/Enron@Enron, Michelle Cash/HOU/ECT@ECT, Kathryn
McLean/HOU/ECT@ECT, Brian Schaffer/Corp/Enron@ENRON
cc: Cindy Olson/Corp/Enron@ENRON

Subject: Re: Performance Review Process

Can we discuss below please? Please review message and give me your comments.

Given it is anonymous it's difficult to respond.

David
---------------------- Forwarded by David Oxley/HOU/ECT on 07/13/2000 09:57
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Kay Chapman                           07/13/2000 09:50 AM

To: David W Delainey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, David
Oxley/HOU/ECT@ECT
cc: Nicki Daw/NA/Enron@Enron, Rhonna Palmer/HOU/ECT@ECT, Sherri
Sera/Corp/Enron@ENRON
Subject: Re: Performance Review Process

This memo went to Corp and Sherri forwarded for us to handle.

Thanks,

Kay

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           07/13/2000 09:21 AM

To: Kay Chapman/HOU/ECT@ECT
cc: Mary Clark/Corp/Enron@ENRON
Subject: Performance Review Process

Kay, per our discussion, here's the e-mail.  You should probably find out who
has access to that ECT Office of the Chairman mailbox and who forwarded this
up to the Corp. Office of the Chairman.  This should be handled with ENA.
Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 07/13/2000
09:14 AM ---------------------------

Office Chairman on 07/13/2000 08:04:17 AM
To: Mary Clark/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON
cc:

Subject: Performance Review Process

---------------------- Forwarded by Office Chairman/Corp/Enron on 07/13/2000
08:04 AM ---------------------------

Office of the Chairman@ECT
07/06/2000 10:01 AM
To: Office Chairman/Corp/Enron@ENRON
cc:
Subject: Performance Review Process

After having lived through another PRC process, it has become exceedingly
obvious that there are several issues that need improvement in the process.
With all our discussions about Communication within Enron, I am now
communicating to your level issues that I have communicated in years past to
other parties without change.

1)  Enron needs to lay out the groundrules in total that will pertain to the
upcoming review period and communicate them in advance of the review period,
not during the PRC process to be applied after the performance has already
occurred and upon which each employee cannot change their behavior for such
review period.  This is only fair to our employees so that they know the
criteria upon which they will be evaluated in advance.

2)  The PRC system needs to be changed whereby any and all people that are
willing to provide input on performance of any individual can be done without
a bunch of red tape.  There is this idea that unsolicited input works within
the system, but it requires too much effort to get throught the hurdles and
it still requires that the supervisor approve such input.  There needs to be
an unobstructed communication line for this input.  The theory of upward
feedback should also be questioned.  I have never been asked to provide input
to my direct boss (President of Houston Pipe Line) in all the years that I
have worked for that position.  Are Managing Directors exempt from this
process?  This issue is also addressed in #3 below in a different manner.
How can appropriate feedback be given if those that work directly with
individuals are not given the opportunity to communicate?

3)  There is still way too much preferrential selection of reviewers in the
process.  There should be set out for each employee a listing of absolute
minimum reviewers (certain people) that must be solicited, depending upon the
job function.  I have seen too many circumstances where the obvious people to
provide input were not even solicited.  There was one individual that
partially worked directly for another during this past review period and was
not even asked for input.

4)  What constitutes an average employee and what that category is within our
PRC definitions is still being debated.  It has been described by several HR
representatives that it is either/and both Strong or Satisfactory.  Neither
one of the definitions describes such performance as "simply doing the job".
Because of such confusion, the reviewers when they provide input do not
effectively and precisely rate the employee.  What we end up with in the PRC
is an over-inflated representation of each employee and the committee has to
pull the entire group back a notch.  With better definitions and
communication to our employees on how to interpret the definitions, it will
give us a better process and set the standards in writing that seem to be
lacking.

Thanks for your listening ear.


can you pls add california dept of water resources.

thanks


<<Exhibits to Gas Turbine Purchase Agreement - without notations.DOC>>

Attached is the latest version of the Exhibits to the GE Turbine
Agreement.
 - Exhibits to Gas Turbine Purchase Agreement - without notations.DOC


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I spoke with Ms. Renken the end of March at which time we had reached an
impasse on  Force Majeure  issues as well as others.   I am attaching their
redline for you to see.  Please note also their requested changes to credit
sections.

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 Richard B Sanders/HOU/ECT on 06/05/2001 06:45 AM -----

	"Welsh, H. Ronald" <rwelsh@velaw.com> 05/16/2001 06:26 PM 	   To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>  cc:   Subject: RE: Trial Lawyer

Richard,

I know two top flight trial lawyers in New York:

Greg Joseph
Fried, Frank, Harris, Shriver, & Jacobson
One New York Plaza
New York, New York 10004
212-859-8584
josepgr@ffhsj.com

Norm Kleinberg
Hughes Hubbard & Reed LLP
One Battery Park Plaza
NY  10004
212-837-6680
kleinber@hugheshubbard.com

In addition, VE has a lateral partner whom I have not met:

James Serota
VE
NY
917-206-8004
jserota@velaw.com

Jamie's bio says that his area of practice is antitrust and business
litigation,particularly concentrated on industries
that are evolving fromregulation to competition, including electric
utilities.  It says he chaired the Fuel and Energy Industry Committee of the
ABA Antitrust Section from 94-97.

When are you in town, so we can have dinner?

Ron

-----Original Message-----
From: Richard.B.Sanders@enron.com [mailto:Richard.B.Sanders@enron.com]
Sent: Tuesday, May 15, 2001 5:39 PM
To: rwelsh@velaw.com
Subject: Trial Lawyer

I anticipate that Enron may have some legal issues in New York similar to
the issues Enron has faced in California.  Can you recommend a top notch
trial lawyer (similar to yourself) at any firms in New York?

Thanks.
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


As a continuation of the integration of Enron Metals into Enron Europe we are
pleased to announce the following organisational changes which become
effective immediately.

Tom McKeever, presently Chairman of Enron Metals will move into the role of
Vice Chairman Enron Europe reporting directly to John Sherriff and Michael
Brown.  Tom will focus on developing our key senior business relationships
across all of Enron Europe.

Joe Gold will become President of Enron Metals responsible for the entire
organization.  We will announce Joe's replacement for managing our trading
and origination efforts on the Continent in the near future.

Michael Farmer and Michael Hutchinson will continue in their roles managing
the Metals's Merchanting and Financial Trading businesses respectively.

Please join us in congratulating Tom and Joe on their new roles.

From the Enron Europe Office of the Chairman


I actually just talked to Mary Lou this morning, because my dad e-mailed me
this morning to get 6 tickets for the Final Four for both Saturday and Sunday
(April 1st and 3rd).  Thanks for the e-mail.
Ben


Good luck to you.  Hopefully I can get out there this afternnon and see you
ride.  I love you.

Daddy


This is a multi-part message in MIME format.


-----Original Message-----
From: 	Kitchen, Louise
Sent:	Thursday, January 10, 2002 1:10 PM
To:	Lavorato, John; Oxley, David; Colwell, Wes
Subject:	FW: The Best Hotel Complaint ever!

A bit of light entertainment!!

(See attached file: DoubleTree Show.ppt)

 - DoubleTree Show.ppt


Drop kevin dyson Add derik mason 107 points
Mark Friedman
Enron Broadband Services
Office# 713.853.6446
Fax#     713.646.3271
mark.friedman@enron.net


Just wanted to congradulate you and wish you much success in your new
endeavors.

Warmest regards,
Sandra


Thanks!  Depending on delivery, we could use our "Spot" agreement without
changes to accommodate Canadian standards.   Otherwise I will modify where
need.  Please advise.

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


Michael - here is what we've found to date?is it similar to the info you've gathered?

The CARB ZEV program requires 10% of cars offered for sale
by major manufacturers in California to be zero emissions
vehicles.  A major manufacturer is one that sells 60,000 vehicles
in California per year.  This requirement is set to be effective by
the end of the model year for 2003.

These totals refer to the entire manufacturer obligation (10
percent of California sales of passenger cars and LDT1 trucks).

Approximate manufacturer ZEV credit obligations, 2003:

Daimler Chrysler:      8,000
Ford:                      19,000
GM:                       22,000
Honda:                   16,000
Nissan:                    6,000
Toyota:                   20,000

A manufacturer meets the ZEV requirement by earning credits
for each vehicle offered for sale in the state.  Partial credit (up to
60% of requirements) may be earned for ultra low emitting
vehicles.  The list below shows how many credits have been
earned so far.  There is a lag time between cars being placed on
the lots and updating of CARB's systems so the information is
not completely current.  There have also been credits issued to
minor manufacturers which are not included in the table.

Credits earned to date:

Chrysler: 50
Ford:     100
GM:    1,350
Honda:     20
Toyota:   500

Approximate total of 2,000

We are attempting to find out how many of the above credits are
from ZEVs and how many are from ultra-low emitting vehicles.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)


Chris,
Fyi
Shemin
Shemin V. Proctor

-----Original Message-----
From: Darmitzel, Paul <Paul.Darmitzel@ENRON.com>
To: Proctor, Shemin V. <SheminProctor@akllp.com>
CC: McMichael Jr., Ed <Ed.McMichael@ENRON.com>; Keller, James E.
<James.E.Keller@ENRON.com>
Sent: Tue Jun 25 14:15:56 2002
Subject: RE: Trainor letter draft

Shemin,

Pament for this gas for the period on and after December 3 is clearly
ordinary course, as both you and Ellenberg have noted.  If we don't pay
for the gas, DRI will clearly be entitled to payment for the gas as a
priority administrative expense.  Instead of sending the letter, doesn't
it make more sense just to pay DRI for all or a portion of the
post-petition A/R?  (If I'm DRI, I'd rather receive a partial payment,
e.g. for a month or two of the seven months of A/R, than a letter saying
we are going to pay.)

If there is insistence on sending the letter, it should address the
following:

	The specific price on which the payments be based;
	A description of the contract which governs, with reference to
by parties, date, etc.;
	The agreed payment date should be specified in the blank.

The letter itself will be a post-petition agreement of ENA to pay.  Why
not just pay?

	Paul

-----Original Message-----
From: Proctor, Shemin V. [mailto:SheminProctor@akllp.com]
Sent: Tuesday, June 25, 2002 1:25 PM
To: Darmitzel, Paul
Subject: Re: Trainor letter draft

Hi Paul,
We are sending this letter on Friday in an effort to adhere to a
deadline established by DRI last week. If they don't hear from us they
intend tofile a motion with the bankruptcy court. Thus far, they have
not done so because we have been discussing a resolution of the issues
with them for the last few weeks.
That said, the letter will be sent only if it is consistent with the
final cmmercial call by Ed McMichael. Paying producers for deliveredgas
is ordinary course (per Mark E) but Ed is contemplating a BTRC review
anyway. If the commercial group decides not to pay DRI, this letter
would be revised to state that fact.  I can reference the gas purchase
and sale agreement, there is only one such agreement between the
parties. The price is set forth in the agreement.
The purpose of the letter is to show DRI that we are not stringing them
along with requests that they not file in court, and no intention of
paying them. Trainor just wants something to give his client comfort
that he is not being suckered.

Shemin V. Proctor

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According to the CES Data Room book, the price on this deal is IF CGAS +
.015.  I changed it in Sitara effective Jan 1, 2000 - Nov 30, 2001.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/24/2000 06:32
AM ---------------------------

Joan Veselack@ENRON
03/23/2000 05:56 PM
To: Robin Barbe/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc: Victor Lamadrid/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Katherine L Kelly/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT
Subject: Roanoke Term Deal

Robin, Tom Clark at PG&E called and is not taking the 4400/day for April 2000.

Chris and Scott, please check deal ticket 145312 for correct pricing. The CES
deal term date  is 12/1/98 to 12/1/2001 and gms # is s-roanoke-2746.

I extended the Enron deal ticket to match the CES deal term. Not sure what
the pricing should be.

Thanks.


It is definitely a CES deal that will be over in Sep or Oct of this year.

Cyndie Balfour-Flanagan@ENRON
05/25/2000 04:52 PM
To: Chris Germany/HOU/ECT@ECT, John M Singer/Corp/Enron@ENRON, Elizabeth L
Hernandez/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT
cc: Mark Breese/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Connie
Sutton/HOU/ECT@ECT, Elizabeth L Hernandez/HOU/ECT@ECT, Wade R
Price/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT
Subject: Re: Local Production for June

If the deal is confirmable as a deal that came across on CES's books
[reported as an active deal by CES to ENA], then the deal is a CES deal (CES
- Statoil). BUT, if this is a newly discovered deal - - - - we will need to
confirm with Risk (Mark Breese) to ensure proper booking & that the deal has
been quantified; OR if it is a newly negotiated deal or a deal finalized
after 1/1/00, then it should be entered without the CES prefix (statoil).
Based on the production dates of deal# 280185 and #226563, as combine with
the fact and that I can not find anything in the CES deal listing (CES
'books') specifying a 333/day deal with Statoil I am again hesitant to use
the CES prefix (nor can I confirm that deal #226563 should have been entered
with the CES prefix.

John, can you fill in the missing details?

Cyndie

Chris Germany@ECT
05/25/2000 04:19 PM
To: John M Singer/Corp/Enron@ENRON, David Oliver/HOU/ECT@ECT, Robert
Allwein/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Cyndie
Balfour-Flanagan/Corp/Enron@ENRON, Elizabeth L Hernandez/HOU/ECT@ECT, Molly
Johnson/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT
cc: Joan Veselack/Corp/Enron@ENRON, Joann Collins/Corp/Enron@ENRON

Subject: Local Production for June

John, I took the volumes on deal 226556 to 0 for the term of the deal
starting June 1.  This is the purchase from Belden & Blake behind NYSEG.

I changed the volume on deal 226563 from 1 dth/day to 1500 dth/day.  This is
the purchase from StatOil at CPA.  The price on this deal is NX1 + .434 and
the price on John's worksheet is NX1 + .54 (per MCF).  John, is this price
adjusted for dth??

I created deal 280185, purchase from StatOil, volume of 333 day, the price is
NX1+ $.56 PER MCF.  This is a purchase of local production behind the
citygate.  David, this deal probably needs to be hedged in Sitara.
Cindy - deal 226563 is a purchase from CES - Statoil Energy.  I set up deal
280185 with the same counterparty.  This deal should have been in the system
effective 1/1/2000.  According to Elizabeth, we should not use the CES -
StatOil Energy.  It doesn't matter to me how its set up, however, this deal
should have been in the system from Jan and it is the same type of deal as
deal 226563.

I changed the volume on deal 226747 from 1 dth to 1100 dth/day.  This is a
purchase from Questar and it is also local production behind CPA.
John, there are 3 deals for Questar, the other 2 deals have volumes of 0
right now.  Can you tell me how the volume should be split out for pricing
purposes?

Molly, I created deal 280132, FOM priced sale to CES.  This deal will be
matched with the CPA local production deals.

Let me know if anyone has any questions.

Thanks
cg 3-4743

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/25/2000 02:41
PM ---------------------------

Chris Germany
05/24/2000 05:26 PM
To: hboyd@columbiaenergygroup.com, Angie Zeman/Corp/Enron@ENRON, Joan
Veselack/Corp/Enron@ENRON, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Meredith
Mitchell/HOU/ECT@ECT, Molly Johnson/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, John M Singer/Corp/Enron@ENRON, Dick
Jenkins/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
dkinney@columbiaenergygroup.com, cdalpho@columbiaenergygroup.com,
jporte1@columbiaenergygroup.com, Wade R Price/HOU/ECT@ECT (bcc: Chris
Germany/HOU/ECT)
Subject: Local Production for June

Please send this email to anyone that may need to see it.  I'm sure I left
someone out.

This is citygate gas ENA will sell to CES for June.  This will reduce the
numbers on the sheet Doug sent us yesterday.

East Ohio Gas on CNG
10,000 dth/ month from Power Gas Marketing

CPA on TCO
500 dth/day from Power Gas Marketing
1,833 dth/day from StatOil
1,100 dth/day from Questa - Note:  this is an estimated volume.  We should
know the actual volume in the next day or so.

Note:  CES is not taking any Carnagie gas at CPA.

National Fuel
250 dth/day from Belden & Blake.  The deal expires 6/30/2000.

Equitrans
All of the Equitrans is production or pool gas on the pipeline.  ENA
nominates this gas.  CES still has a citygate load of 1,280 dth/day for June
on Equitrans so the production gas will be delivered to CES.

CES will not be receiving any local production behind Peoples or NYSEG.


John,

I assume that you are working Marsha's values into our analysis of Southern
Co.'s rate from Zone .  The Southern Co./Sonat transportation contract has
the following discount rate.

 Term     Rate
 June 2004 - May 2007   .1973
 June 2007- May 2012   .2219 plus GDP not to exceed 3% in any year
 June 2012 - May 2017   GDP w/no cap not to exceed max rate of $.2663

Max Rate from Zone 1 to 2 is $8.10 or $.2663 which would be the absolute cap
unless Sonat raised rates during the term of the Southern Co/Sonat contract.

When are we going to meet tomorrow to go over this?  I'm open in the morning
if ok with you and Breese.

---------------------- Forwarded by Phil DeMoes/Corp/Enron on 12/13/2000
01:23 PM ---------------------------

	From:  Marsha Francis                           12/07/2000 01:38 PM

To: Phil DeMoes/Corp/Enron@ENRON
cc:

Subject: US GDP Deflator 12/06/00

Phil,

Attached is the GDP curve. Let me know if there is anything you need me to do
as far as incorporating this into a model.

Marsha
---------------------- Forwarded by Marsha Francis/Corp/Enron on 12/07/2000
01:34 PM ---------------------------
   Maureen Raymond                12/07/2000 09:51 AM

Sent by: Yana Kristal
To: Marsha Francis/Corp/Enron@Enron
cc:
Subject: US GDP Deflator 12/06/00

Attached is the US GDP deflator forecast dated 12/06/00.

Regards,
Yana Kristal for
Maureen Raymond- Castaneda