<<MF June 6th 2001.pdf>>

			Good Wednesday Morning - Comments From The Local
Guys!

Yesterday, we received revised numbers on first quarter productivity, which
came in at -1.2% quarter-over-quarter on an annualized basis. On a
year-over-year basis, productivity remains at a relatively healthy 2.5%
rate, although this is half the pace at which it was running less than one
year ago. A slowdown in productivity is not unusual during an economic
slowdown. Corporations face fixed costs, while business is declining.
Unfortunately, that is why there are layoffs. With lower corporate costs,
productivity should improve as the economy picks up steam. Tomorrow, the
market will be receiving the weekly initial jobless claims, which are
expected to remain near last week's level. Lehman Brothers' economists look
for first-time unemployment insurance filings to total 415,000 for the week
ended Saturday, June 2.

The 30-year US T-Bond yield is 5.65%.
The 10-year note yield is 5.25%.
The 5-year is trading at 4.83%.
Spot crude oil is trading at $27.44 p/b.
Natural Gas - Henry Hub -  is trading at $3.85 p/mcf.

			AD Time:

New Federal Insider-Trading Rule (Rule 10b5-1) have been adopted by the SEC
under the Securities Exchange Act of 1934. This rule greatly enhances an
insider's/employee's ability to trade his/her corporate shares during
blackout periods.
Previously, without the protection of this new SEC rule, employees and
insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and
sell their corporate shares even during blackout periods if a written plan
was established and in force when the insider/employee was not in possession
of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.

Lehman Brothers has established a turn-key plan that take into account the
regulatory procedures for establishing such a plan.    Please email us or
call us for more information.

				Lehman Brothers' Research.

IMPACT CALLS

Procter & Gamble(PG) 2 - Buy A. Gillin Lefever, .212.526.5801
Morphing Into An Attack Aircraft Carrier
OLD NEW STREET P/E
Price: $63.6 EPS 2000 N/A $2.95 N/A N/A
52 Wk Ra: $79 - 53 EPS 2001 $3.10E $3.10E $3.11E 20.5
Mkt Cap: $90.8B EPS 2002 $3.25E $3.25E $3.27E 19.6
FY: 6/30 Price Target $69 $69
Rank 3 2
*We are upgrading PG to a Buy (2) rating based upon what we perceive as a
good trading opportunity in front of their June 15 outlook
meeting. We expect the meeting to highlight (1) more aggressive actions to
reduce PG's asset base than previously telegraphed; (2)
expect FY 02's recurring earnings growth to be confirmed at the
consensus-implied 6-8% rates and (3) expect previously stated long-term
growth targets to remain in place.
*Cost cutting /right-sizing remains the theme for the balance of the
calendar year / majority of FY 02. A very focused effort will
improve PG's competitiveness, but there is a reasonable probability PG will
exceed the previously telegraphed $400-$800 M in
incremental restructuring charges in order to further accelerate the
restructuring process.
*PG is slowly shifting its attention to sales growth but 4-6% long-term
growth is at least one fiscal year out. Maximum upside is
$72.00 absent any earnings-enhancing news.

National Service Indus(NSI) 3 - Market Perform D. Zwyer, .212.526.2008
Lowering Rating As Stock Approaches Price Target
OLD NEW STREET P/E
Price: $25.73 EPS 2000 N/A $2.45 N/A N/A
52 Wk Ra: $27 - 18 EPS 2001 $2.00E $2.00E $2.07E 12.9
Mkt Cap: $1.1B EPS 2002 $2.30E $2.30E $2.30E 11.2
FY: 8/31 Price Target $27 $27
Rank 1 3
*We are lowering our rating on National Service Industries' stock to 3
(Market Perform) from 1 (Strong Buy) based on valuation. The
stock has increased 37% since we initiated coverage on September 27, 2000,
outperforming a 10% drop in the S&P 500, and is near
our $27 price target. At about $26, NSI's stock trades at 13 times est.
fiscal (August) 2001 EPS of $2.00, and 11 times est. 2002 EPS
of $2.30. We do not see significant upside in the stock price from current
levels, and believe the shares will move with the market in
the near-term rather than outperform.
*We continue to expect difficult earnings comparisons for the second half of
2001, with a flattish 3Q (May) and a lower 4Q compared
with the prior year level. For the full year 2001, we expect lower earnings
in all segments: lighting, chemicals, linen rental, and
envelope. The risk to earnings going forward is a worse than expected drop
in non-residential construction impacting the company's
lighting business. Also, a drop in consumer spending would impact the linen
rental business.

Power 	D. Ford, .212.526.0836
No, The Sky is NOT Falling
*A change in investor sentiment towards the wholesale market has resulted in
a sell-off in the energy merchant stocks. We believe this
sell-off has been overdone and would recommend buying shares of Aquila,
Dynegy and Mirant.
*In our opinion, the apparent change in sentiment has been the result of
three factors: 1) a sector shift into tech stocks; 2) increased
perceived political risks on both the federal and state levels; and 3)
concerns about the potential for contracting commodity prices and
margins.
*While we do not see any catalysts that will stem this flow in the
near-term, we believe that preannouncement and upside earnings
surprises are just around the corner.
*Our favorite picks are energy merchants: Aquila, Dynegy and Mirant.

Global Crossing(GX) 2 - Buy D. Fletcher, .212.526.3375
Near-term Opportunity In Weighing Positives vs. Negatives
OLD NEW STREET P/E
Price: $12.94 EPS 2000 N/A -$4.04 N/A N/A
52 Wk Ra: $38 - 9 EPS 2001 -$3.25E -$3.25E -$3.17E N/A
Mkt Cap: $11.4B EPS 2002 -$3.19E -$3.19E -$3.15E N/A
FY: 12/31 Price Target $28 $28
Rank 2 2
*With the stock approaching all time lows, we believe positives outweigh
negatives here, and stock offers good near term upside.
*While long term challenges remain, such as dependence on IRUs for
growth/funding, GX is off 24% in last two weeks, is making
good progress in Commercial and is a clear leader in the bandwidth sector.
We believe there is good near term upside. In terms of
DCF valuation, we get to $15-$20/share, even haircutting our (below
guidance) #'s by 20%.
*GX has signed >$600M in Commercial contracts year-to-date, and Comm Svcs
grew 7% seq, in Q1, and should grow 9%+ in Q2.
*The subsea market is rationalizing, and the 4 major subsea players could
become 2 over next 12 mos.
*Long-term challenges include IRU sales, and 01 guidance may prove
aggressive, though we believe that is in the stock, and we
believe the company can hit our 01 Cash Rev number of $6.71B, +30% Y-Y.

INITIATING COVERAGE

Black Hills(BKH) 2 - Buy R. Gross, .212.526.3143
Initiate With Buy, Target Price $62 (A)
OLD NEW STREET P/E
Price: $55.20 EPS 2000 N/A $2.37 N/A N/A
52 Wk Ra: $55 - 22 EPS 2001 N/A $4.20E $3.77E 13.1
Mkt Cap: $1.5B EPS 2002 N/A $3.70E $3.35E 14.9
FY: 12/31 Price Target N/A $62
Rank N 2
*Strength In Western Power Markets Driving Near Term Results. Rapid Growth
In Unregulated Power Generating Capacity And
Successful Roll-Out Of Communications Network Drive Outlook Longer Term.
*Strong, Low Cost Utility Franchise Underpins Earnings And Cash Flow. Rate
Freeze Extended Through 2005.
*Potential Four-Fold Increase In Unregulated Generating Capacity By 2003
Primary Source Of Mid -Term Earnings Growth. Coal
Ownership Provides Opportunity For Further Significant Expansion.
*Strong Backdrop For Offsystem Sales And Fuel Marketing Funding Ramp In
Generating Capacity. Western Power Markets Tight
Beyond Current Year
*Communications Near Cash Flow Inflection Point As Rapid Acceptance Of
Bundled Service Offering Coupled With Mid-Year
Completion Of Network Drive Sharp Turn In Cash Flow And Valuation.

FOCUS STOCKS

McDonald's Corp(MCD) 1 - Strong Buy M. Speiser, .212.526.3255
McREIT? New tax ruling could spark spec of REIT spin-off
OLD NEW STREET P/E
Price: $29.41 EPS 2000 N/A $1.46 N/A N/A
52 Wk Ra: $36 - 25 EPS 2001 $1.46E $1.46E $1.49E 20.1
Mkt Cap: $40.7B EPS 2002 $1.66E $1.66E $1.67E 17.7
FY: 12/31 Price Target $38 $38
Rank 1 1
*A favorable IRS tax ruling on REITs can spark speculation that MCD can
unlock value by spinning-off its multi-billion dollar real
estate portfolio. With a new CFO to be appointed, this can further fuel
speculation. Reit 1-Strong Buy
*The IRS has reversed a tax ruling on treatment of REITs; this will present
oppty's for co's with lots of real estate, like MCD, to spin-off
real estate b/c it could now be done on a tax-free basis
*In the US, MCD has about $8bil of property & equipment & earned $1.4b of
rental income in 00
*The risk is the elimination of a steady income stream. But, the value of a
REIT is the tax benefit & higher Returns to MCD; lower
MCD earnings (no rental income) would be more than offset by ownership of
the REIT & its tax-free benefits
Back-of-envelope analysis yields $270mil in value ($0.20/share) due to
shifting the rental income of owned sites under franchised
stores to non-taxable status; other benefits are likely.

Electronic Data Sys(EDS) 2 - Buy K. Keirstead, .212.526.0442
Addressing the Balance Sheet and Other Concerns
OLD NEW STREET P/E
Price: $61.90 EPS 2000 N/A $2.29 N/A N/A
52 Wk Ra: $67 - 38 EPS 2001 $2.63E $2.63E $2.64E 23.5
Mkt Cap: $29.6B EPS 2002 $2.98E $2.98E $3.00E 20.8
FY: 12/31 Price Target $75 $75
Rank 2 2
*EDS shares have underperformed the major indices and CSC shares since
reporting strong 1Q01 results. We attribute this to some
concerns around the recent acquisitions, the need to access the public
markets to finance these deals and the increase in DSO's and the
drop in cash flow reported in 1Q01.
*Late last week we had a private call with the controller of EDS to address
the balance sheet issues. We believe that the key issue is
the volume of large deals ramping in 1H01. Receivable terms on large
outsourcing deals are often extended in the early stages of
contracts. On selected large deals, we also suspect that EDS (and perhaps
others) may be offering up-front price discounts, adding to
the cash flow requirement although average margins over the life of a
contract appear stable. We do not expect DSO's to decrease
materially until perhaps 4Q01.
*At 23 times forward estimated EPS for a 15% EPS growth rate story with high
visibility, we remain comfortable with EDS and our 2-
Buy rating.

COMPANY/INDUSTRY UPDATES

Integrated Oil P. Cheng, .212.526.1884
Weekly U.S. Crude Oil & Refined Products Inventory Summary
*Absent any new major refinery or pipeline accidents, we expect gasoline
futures to drop to below $0.80 per gallon within the next
several weeks. In addition, gasoline inventories should continue to build on
average by about 0.5-1.0 million barrels per week over
the next two months due to strong domestic output and weak demand. We
continue to recommend an underweight position in the
independent refiners group.

Paper & Forest Products P. Ruschmeier, .212.526.9898
IRS Revenue Ruling Supports Bullish Timber Thesis
*As we indicated yesterday (6/5/01), IRS revenue ruling 2001-29 has positive
implications for the pending merger between PCL and
TGP and positive implications for a structural shift in timber ownership
from C-Corps to REITs over time. We are reiterating our
favorable ratings on companies with the greatest timberland exposure
including WY, LPX, TIN, BCC, IP, BOW, & TGP.
*Yesterday (6/5/01) we learned that the IRS reversed a 1973 revenue ruling
that prevents REITs from engaging in the active conduct
of a trade or business.
*We believe the ruling is an important first step in paving the way for
timber-rich companies to transition ownership of timber cash
flow from a C-corp. structure to a tax-advantaged REIT structure.
*We believe the ruling supports a favorable outcome to the PCL/TGP merger.

Internet Healthcare R. Rouse, .212.526.7347
MORE CRO UPSIDE - THE BIOTECHS ARE COMING !!!
*The CROs are poised to take advantage of two significant trends that we
pose are underway: 1. the much anticipated "biotech bulge"
may be upon us sooner than expected (a long-term catalyst); and 2. this is
in addition to our previous call for efficiency gains and
margin upside given a return to normalized late-stage trial volume (a
near-term catalyst).
*Proprietary pipeline analysis and industry anecdotes lead us to the
proposition that the beginning of a wave of novel drugs is entering
clinical development. This creates bottlenecks for drug sponsors and
opportunities for service vendors. Diversified CROs (CVD,
PPDI, & QTRN) and niche providers (AAII & ARRY) could reap benefits as early
as this year while those more clinically focused
(KNDL & PRXL) could see upside by the end of next year.

Insurance/Life E. Berg, .212.526.2805
Estate Tax Reform: With New Focus Any Damage Will Be Minor
*An effort by us to quantify the impact on life insurers of the change in
the Federal estate-tax law passed last week by Congress is
leading us to affirm our 1-Strong Buy ratings on Manulife, Nationwide, and
John Hancock.
*The bottom line to our analysis: While these three life insurers and others
could lose as much as one-third of their existing estate-tax-oriented
policies and growth in new sales of estate-tax-oriented life insurance could
also slow by a third its still not a big deal. The
entire loss, between existing and new policies combined, would translate
only into about a 5 % to 10 % loss of revenues and earnings
companywide because estate planning is only a portion of their business.

Albertson's, Inc(ABS) 3 - Market Perform M. Adler, .212.526.7146
Right-sizing the business is still to come
OLD NEW STREET P/E
Price: $27.73 EPS 2001 N/A $2.08 N/A N/A
52 Wk Ra: $38 - 20 EPS 2002 $1.96E $1.93E $2.04E 14.4
Mkt Cap: $11.3B EPS 2003 N/A N/A $2.25E N/A
FY: 1/31 Price Target N/A N/A
Rank 3 3
*ABS is just beginning the arduous process of a turnaround, with a new CEO
that is willing and able to lead. He is evaluating every
aspect of the business, and is prepared to right size the company through
divestitures of profitable assets that have weak long-term
prospects.
*ABS reported 1Q01 EPS of $0.46, $0.01 ahead of our estimates and consensus.
Sales were in line with our estimates, but the
operating margin deteriorated by only 39 bp versus the 60 bp we had
forecast.
*We have lowered our 2Q01 estimate from $0.47 to $0.45, and our FY02
estimates from $1.96 to $1.93.
*With our new lower estimate, ABS' stock is trading at a 2001 P/E 14.4x, a
mere 1.5 multiple point discount to KR, which we rate a 1-
Strong Buy ($24.78). We think this gap is too narrow given the differences
in earnings outlook and asset quality, so we are
maintaining our 3-Market Perform rating

David C. Morris
Sr. VP Lehman Brothers
713-652-7112/800-227-4537
dcmorris@lehman.com

Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company. G-The
Lehman Brothers analyst who covers this company also has position in its
securities.
Key to Investment Rankings: This is a guide to expected total return (price
performance plus dividend) relative to the total return of the stock's local
market over the next 12 months. 1 = Strong Buy (expected to outperform the
market by 15 or more percentage points); 2=Buy (expected to outperform
the market by 5-15 percentage points); 3=Market Perform (expected to perform
in line with the market, plus or minus 5 percentage points); 4=Market
Underperform (expected to underperform the market by 5-15 percentage
points); 5=Sell (expected to underperform the market by 15 or more
percentage
points).
This document is for information purposes only. We do not represent that
this information is complete or accurate. All opinions are subject to
change.
The securities mentioned may not be eligible for sale in some states or
countries. This document has been prepared by Lehman Brothers Inc., Member
SIPC, on behalf of Lehman Brothers International (Europe), which is
regulated by the SFA. ?Lehman Brothers, Inc.

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 - MF June 6th 2001.pdf


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-----Original Message-----
From: 	Dimitry, Dirk
Sent:	Friday, August 03, 2001 1:35 PM
To:	Crane, Bob; Conner, Andrew R.; Richard, Robert; Rickard, Craig; Chen, Will; Epstein, Jay; Comeaux, Clinton; Gerard, Camille; Burlison, Joe; Deadwyler, Erik; Daniel, John; Tamm, Mike; Gaughan, Brian; Reed, Andrea V.; Allan, David
Cc:	Causholli, Monika; Velez, Luis; Singh, Vikram; Johnson, Jay; Daetz, Milagros
Subject:	Traders/Fundamentals Happy Hour

Just wanted to make sure with everyone that next Thursday, August 9th, is agreeable for the fundamentals to pay off their loss on July's challenge. We were thinking of Ruggles Downtown on Main St. at 5pm until whenever the party closes.


Mike
Would be good to see you.  We will be in the middle of our winter (~60-65
degrees MaxT) in July.  Sydney has a relatively mild winter and there is
still  all the regular sight seeing.  I will be here all month.  Timing would
be good from a business perspective as we look to develop and assist with
more EGM opportunities (e.g. grains).  Let me know firm timing and we can set
an agenda.  btw Frevert was here last week and we had a great day on the
harbour.
Rgds
Paul

	Enron North America Corp.

	From:  Mike McConnell @ ECT                           05/29/2001 11:28 PM

To: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Trip to Sydney

Paul,
I am in the early stages of planning my next run to Singapore and Sydney.  I
was thinking about bringing my wife and staying over a couple of days (or a
week).  What is the weather like in July and are you going to be there?
Thanks,
Mike


-----Original Message-----

----- Original Message -----
From:	"Davis, Jon B [FI]" <jon.b.davis@ssmb.com>
Sent:	Tuesday, January 22, 2002 9:06 AM
Subject:	DOMESTIC WEATHER


Happy hour with staff, not family :-(


ID:  rrodri2
Network:  sydney2000*

LotusNotes: hazelnut4me

Thanks,
Robin


If you are interested in attending this luncheon, please RSVP via email (sanchezm@rice.edu) no later than Tuesday, October 30 10:00 AM.  There is only room for 8 guests, so it is first come, first serve.
The luncheon starts at 11:30 and is held at the Houston Club, located at 811 Rusk between Travis & Milam.
Houston Club Distinguished Speaker Luncheon
Wednesday, October 31
Guest Speaker: Michael D. Capellas, Chairman and Chief Executive Officer, Compaq Computer Corporation
"Houston, Compaq and Technology"
Houston is not only the energy capital of the world, but there is growing recognition nationwide of the important role Houston plays in technology in a number of technology sectors.  The crown jewel in our technology sector is Compaq Computer Corporation under the leadership of Michael D. Capellas.  No sector of the economy has spurred greater growth and recently, greater volatility, but has greater long-term promise than the technology sector.
Mr. Capellas will address these and other issues when he speaks on technology in Houston.  Michael D. Capellas is Chairman and Chief Executive Officer of Compaq Computer Corporation.  A leading expert in information technology and supply chain management, he joined Compaq in 1998 as Chief Information Officer.  He was named Chief Executive Officer in July of 1999 and Chairman in September 2000.
Immediately prior to joining Compaq, Mr. Capellas held senior positions at Oracle Corporation and SAP America.  At Oracle, he served as Senior Vice President and General Manager for the company's global energy business.  As SAP America, he was Director of Supply Chain Management.  Prior to joining SAP, he was managing partner of Benchmarking Partners, a leading information management-consulting firm.
From 1981-1996, Mr. Capellas held several senior positions at Schlumberger Ltd., including serving as the company's first Corporate Director for Information Systems.  He also served as Controller and Treasurer of Schlumberger's operation in Asia Pacific, Chief Financial Officer of Dowell Schlumberger Inc., a joint venture between Schlumberger and Dow Chemical; and a senior position in operations management at Schlumberger's Fairchild Semiconductor unit.
Mr. Capellas began his career at Republic Steel Corporation.  He is a 1976 graduate of Kent State University.  He is a member of the Boards of Directors of Dynegy, Inc. and the Boys and Girls Club of America.  He also serves on the Executive Committee of the Computer Systems Policy Project and is a member of The Business Council.
Maria Sanchez
Recruiting Coordinator, Career Planning Center
Jesse H. Jones School of Management
Phone: (713) 348-5246
Fax: (713) 348-5838
sanchezm@rice.edu


PowerSpring will be unable to attend the OFO Forum scheduled for August 29,
and would like to submit the following item for inclusion in the next
meeting.  Additionally, PowerSpring suggests the OFO Forum meet on a
quarterly basis.

Issue:
During pro-forma tariff discussions on I.99.07.003 Gas Settlement Agreement,
PowerSpring lobbied for customer choice of daily nominating and balancing
for Core Aggregated customers if the customer had installed Automatic Meter
Reading equipment provided by executing the Meter Add-On Tariff.
Additionally, this AMR data would be used for OFO/EFO purposes.  PG&E
contended that the Settlement did not contemplate the use of this data for
these purposes and that the issue should be addressed in the OFO Forum.

PowerSpring requests that this issue be included on the agenda for the next
OFO Forum.

Tod Bradley
PowerSpring, Inc.
Office: (760) 944-1999
Cellular: (714) 305-9237
mailto: tod_bradley@powerspring.com

-----Original Message-----
From: Stoner, Ronald [mailto:RRS5@pge.com]
Sent: Wednesday, August 23, 2000 4:58 PM
To: 'abb@eslawfirm.com'; 'agoldberg@lgl.twc.com'; 'ahuertas@enron.co.uk';
'alan_reid@pancanadian.ca'; 'andy.bettwy@swgas.com';
'anikat@greenlining.org'; 'ascott@sdge.com'; 'askaff@energy-law-group.com';
'atrowbridge@dbsr.com'; 'bbrunel@SMUD.org'; 'bcherry@sempra.com';
'bcope@ci.redding.ca.us'; 'bcragg@gmssr.com'; 'bdahncke@pcenergy.com';
'bdingwall@unitedgas.com'; 'benledene@aec.ca'; 'bfolsom@avistacorp.com';
'bgaillar@enron.com'; 'bjeider@ci.burbank.ca.us'; 'bmcc@mccarthylaw.com';
'bpedersen@igservice.com'; 'bradb@calpine.com'; 'bradylaw@pacbell.net';
'burkee@cts.com'; 'bwood@energy.state.ca.us'; 'cabaker@duke-energy.com';
'candjenterprises@home.com'; 'catherine.sullivan@southernenergy.com';
'cbaker@ns.net'; 'cdoering@reconcorp.com'; 'ceyap@earthlink.net';
'cgoodman@bellatlantic.net'; 'chilen@llgm.com'; 'chj@aelaw.com';
'cholmes@energy.state.ca.us'; 'chris.king@utility.com';
'clower@earthlink.net'; 'cmkehrein@ems-ca.com'; 'cottlli@sf.whitecase.com';
'craigc@calpine.com'; 'cushnice@sce.com'; 'cyowell@ziagroup.com';
'dalbers@avistacorp.com'; 'davef@abag.ca.gov'; 'david.bayless@utility.com';
Thomas, Dan (CGT Mgr); 'dhanson@altra.com'; 'dhayes@altra.com';
'difellman@earthlink.net'; 'douglass@arterhadden.com'; 'dsloan@pge-nw.com';
'ecrem@ix.netcom.com'; 'ed@clfp.com'; 'edf@cpuc.ca.gov'; 'eke@aelaw.com';
'eklinkner@ci.pasadena.ca.us'; 'epoole@adplaw.com'; 'eric@gcnet.org';
'ewo@jmbm.com'; 'exe3@pge.com'; 'fergusonM@epenergy.com';
'fogelmanm@steefel.com'; 'frazier@bull.som.yale.edu'; Lindh, Frank (Law);
'furutanj@efawest.navfac.navy.mil'; 'gac@mrwassoc.com'; 'garyb@abag.ca.gov';
'ghinners@reliantenergy.com'; Bellenger, Geoffrey; 'gnstillwagon@tid.org';
'gpickering@idahopower.com'; 'grant_kolling@city.palo-alto.ca.us';
'gregs@mid.org'; 'gsullivan@sempra.com'; 'gtbl@dynegy.com';
'gworster@txuenergy.com'; 'gwright@sempra.com'; 'hankd@calpine.com';
'haorndorff@aeraenergy.com'; 'hgleason@energyamerica.com'; 'iep@iepa.com';
'igsinc@ix.netcom.com'; 'inggm@sce.com'; 'jaime.ramirez@swgas.com';
'jamesauld@aec.ca'; 'jbennett@gmssr.com'; 'jcattermole@pcenergy.com';
'jdasovic@enron.com'; 'jerryl@abag.ca.gov'; 'jfawcet@enron.com';
'jgopal@energy.state.ca.us'; 'jharrigan@socalgas.com';
'jkarp@sf.whitecase.com'; 'jleslie@luce.com'; 'jlinam@socalgas.com';
'jmackay@unitedgas.com'; 'jmct@gmssr.com'; 'jmpa@dynegy.com';
'jnm@cpuc.ca.gov'; 'jogg@jhenergy.com'; 'john.walley@swgas.com';
'johnj@bcjlaw.com'; 'jond@qstr.com'; 'joseh@lif.org'; 'jsqueri@gmssr.com';
'jsteffen@iid.com'; 'jsuwara@sempra.com'; 'jtachera@energy.state.ca.us';
'jthomson@penn.com'; 'jurewijl@sce.com'; 'jvaccaro@sdge.com';
'jweil@aglet.org'; 'jyoung@igservice.com'; 'karen@klindh.com';
'katie_elder@rmiinc.com'; 'kbhensman@aeraenergy.com';
'keith.brown@swgas.com'; 'keith-sappenfield@reliantenergy.com';
'kfyip@seiworldwide.com'; 'kirk.t.morgan@wgp.twc.com'; 'kmagrude@enron.com';
'kmccrea@sablaw.com'; 'kmills@cfbf.com'; 'kpoole@adamsbroadwell.com';
'kschellin@mtpower.com'; 'lacoupa@sf.whitecase.com';
'lindseyhowdowning@dwt.com'; 'ljhubbard@sempra.com'; 'llorenz@socalgas.com';
'lmh@eslawfirm.com'; 'lsaffil@flash.net'; 'lynn.g.dahlberg@wgp.twc.com';
'mar.toe@att.net'; 'marcel@turn.org'; 'mark.c.moench@wgp.twc.com';
'mbaldwin@igservice.com'; 'mcclintocke@epenergy.com';
'mcconnk@epenergy.com'; 'mcdonough_sandra@pcp.ca'; 'mday@gmssr.com';
'mdjoseph@adamsbroadwell.com'; 'mflorio@turn.org'; 'mharris@rcgroup.com';
'michael.alexander@sce.com'; 'michael_r._soland@oxy.com';
'michael-briggs@reliantenergy.com'; 'mike.huk@gov.ab.ca';
'mjaske@energy.state.ca.us'; 'mpa@aelaw.com'; 'mpocino@rcgroup.com';
'mrokose@energyamerica.com'; 'mstout@sempra-slns.com';
'mtran@energy.state.ca.us'; 'napedersen@jonesday.com'; 'nge@value.net';
'office@mccarthylaw.com'; 'oro@cpuc.ca.gov'; 'oshirock@pacbell.net';
'paul.macavoy@yale.edu'; 'paulamirault@aec.ca'; 'pcervin@br-inc.com';
Golden, Patrick (Law); 'phanschen@gj.com'; 'phildavies@aec.ca';
'pjpowerlaw@aol.com'; 'pkeeler@br-inc.com'; 'plg@cpuc.ca.gov';
'pmoritzburke@cera.com'; 'porterdk@sce.com'; 'pstohr@dbsr.com';
'raveen_maan@city.palo-alto.ca.us'; 'rbetonte@socalgas.com';
'rbw@mrwassoc.com'; 'rcooper@usg.com'; 'rczahar@aol.com';
'regaffairs@sf.whitecase.com'; 'rfoss@coral-energy.com';
'rgloistein@orrick.com'; 'rhc@mrwassoc.com'; 'richard.jordan@swgas.com';
'rick.counihan@greenmountain.com'; 'rishikawa@socalgas.com'; Litteneker,
Randall (Law); 'rliebert@cfbf.com'; 'rmccann@cal.net'; 'rmp@cpuc.ca.gov';
'robertg@greenlining.org'; 'rochmanm@spurr.org'; 'roger_tisdale@oxy.com';
'ron_oechsler@rmiinc.com'; 'ronknecht@aol.com'; 'rpelote@energy.twc.com';
'rpetti@ladwp.com'; 'rpurves@sdge.com'; Stoner, Ronald;
'rshively@enerdynamics.com'; 'rtask@reliantenergy.com'; 'salleyoo@dwt.com';
'sbs@cpuc.ca.gov'; 'scarter@nrdc.org'; 'scohn@SMUD.org';
'sedgar@socalgas.com'; 'simonsen@rmi.net'; 'skatz@sempratrading.com';
'slins@ci.glendale.ca.us'; 'smcfadden@igservice.com'; 'sneiman483@aol.com';
'spb1@cwclaw.com'; 'sscott3@enron.com'; 'steve.huhman@southernenergy.com';
'stomashe@energy.state.ca.us'; 'stringham@capp.ca'; 'swatson@socalgas.com';
Frank, Steven (Law); 'tbushman@cellnet.com'; 'tdickers@westerngas.com';
'tgary@pcenergy.com'; 'thamilto@enron.com'; 'thompson@wrightlaw.com';
'tlewis@unitedgas.com'; 'toca@utility-savings.com';
'tod_bradley@powerspring.com'; 'tom.roth@et.pge.com';
'tomb@crossborderenergy.com'; 'tsolberg@spurr.org'; 'tsurak@socalgas.com';
'tturner@ziagroup.com'; Berkovitz, Trista; 'vhconsult@earthlink.net';
'ward@phaser.com'; 'whited@paceresources.com'
Subject: PG&E OFO Forum on August 29

 << File: Agenda for 8-29-2000 OFO Forum.doc >>

> ----------
> From:  Stoner, Ronald[SMTP:RRS5@PGE.COM]
> Sent:  Wednesday, August 23, 2000 5:57:34 PM
> To:  'abb@eslawfirm.com'; 'agoldberg@lgl.twc.com'; 'ahuertas@enron.co.uk';
'alan_reid@pancanadian.ca'; 'andy.bettwy@swgas.com';
'anikat@greenlining.org'; 'ascott@sdge.com'; 'askaff@energy-law-group.com';
'atrowbridge@dbsr.com'; 'bbrunel@SMUD.org'; 'bcherry@sempra.com';
'bcope@ci.redding.ca.us'; 'bcragg@gmssr.com'; 'bdahncke@pcenergy.com';
'bdingwall@unitedgas.com'; 'benledene@aec.ca'; 'bfolsom@avistacorp.com';
'bgaillar@enron.com'; 'bjeider@ci.burbank.ca.us'; 'bmcc@mccarthylaw.com';
'bpedersen@igservice.com'; 'bradb@calpine.com'; 'bradylaw@pacbell.net';
'burkee@cts.com'; 'bwood@energy.state.ca.us'; 'cabaker@duke-energy.com';
'candjenterprises@home.com'; 'catherine.sullivan@southernenergy.com';
'cbaker@ns.net'; 'cdoering@reconcorp.com'; 'ceyap@earthlink.net';
'cgoodman@bellatlantic.net'; 'chilen@llgm.com'; 'chj@aelaw.com';
'cholmes@energy.state.ca.us'; 'chris.king@utility.com';
'clower@earthlink.net'; 'cmkehrein@ems-ca.com'; 'cottlli@sf.whitecase.com';
'craigc@calpine.com'; 'cushnice@sce.com'; 'cyowell@ziagroup.com';
'dalbers@avistacorp.com'; 'davef@abag.ca.gov'; 'david.bayless@utility.com';
Thomas, Dan (CGT Mgr); 'dhanson@altra.com'; 'dhayes@altra.com';
'difellman@earthlink.net'; 'douglass@arterhadden.com'; 'dsloan@pge-nw.com';
'ecrem@ix.netcom.com'; 'ed@clfp.com'; 'edf@cpuc.ca.gov'; 'eke@aelaw.com';
'eklinkner@ci.pasadena.ca.us'; 'epoole@adplaw.com'; 'eric@gcnet.org';
'ewo@jmbm.com'; 'exe3@pge.com'; 'fergusonM@epenergy.com';
'fogelmanm@steefel.com'; 'frazier@bull.som.yale.edu'; Lindh, Frank (Law);
'furutanj@efawest.navfac.navy.mil'; 'gac@mrwassoc.com'; 'garyb@abag.ca.gov';
'ghinners@reliantenergy.com'; Bellenger, Geoffrey; 'gnstillwagon@tid.org';
'gpickering@idahopower.com'; 'grant_kolling@city.palo-alto.ca.us';
'gregs@mid.org'; 'gsullivan@sempra.com'; 'gtbl@dynegy.com';
'gworster@txuenergy.com'; 'gwright@sempra.com'; 'hankd@calpine.com';
'haorndorff@aeraenergy.com'; 'hgleason@energyamerica.com'; 'iep@iepa.com';
'igsinc@ix.netcom.com'; 'inggm@sce.com'; 'jaime.ramirez@swgas.com';
'jamesauld@aec.ca'; 'jbennett@gmssr.com'; 'jcattermole@pcenergy.com';
'jdasovic@enron.com'; 'jerryl@abag.ca.gov'; 'jfawcet@enron.com';
'jgopal@energy.state.ca.us'; 'jharrigan@socalgas.com';
'jkarp@sf.whitecase.com'; 'jleslie@luce.com'; 'jlinam@socalgas.com';
'jmackay@unitedgas.com'; 'jmct@gmssr.com'; 'jmpa@dynegy.com';
'jnm@cpuc.ca.gov'; 'jogg@jhenergy.com'; 'john.walley@swgas.com';
'johnj@bcjlaw.com'; 'jond@qstr.com'; 'joseh@lif.org'; 'jsqueri@gmssr.com';
'jsteffen@iid.com'; 'jsuwara@sempra.com'; 'jtachera@energy.state.ca.us';
'jthomson@penn.com'; 'jurewijl@sce.com'; 'jvaccaro@sdge.com';
'jweil@aglet.org'; 'jyoung@igservice.com'; 'karen@klindh.com';
'katie_elder@rmiinc.com'; 'kbhensman@aeraenergy.com';
'keith.brown@swgas.com'; 'keith-sappenfield@reliantenergy.com';
'kfyip@seiworldwide.com'; 'kirk.t.morgan@wgp.twc.com'; 'kmagrude@enron.com';
'kmccrea@sablaw.com'; 'kmills@cfbf.com'; 'kpoole@adamsbroadwell.com';
'kschellin@mtpower.com'; 'lacoupa@sf.whitecase.com';
'lindseyhowdowning@dwt.com'; 'ljhubbard@sempra.com'; 'llorenz@socalgas.com';
'lmh@eslawfirm.com'; 'lsaffil@flash.net'; 'lynn.g.dahlberg@wg> p.twc.com';
'mar.toe@att.net'; 'marcel@turn.org'; 'mark.c.moench@wgp.twc.com';
'mbaldwin@igservice.com'; 'mcclintocke@epenergy.com';
'mcconnk@epenergy.com'; 'mcdonough_sandra@pcp.ca'; 'mday@gmssr.com';
'mdjoseph@adamsbroadwell.com'; 'mflorio@turn.org'; 'mharris@rcgroup.com';
'michael.alexander@sce.com'; 'michael_r._soland@oxy.com';
'michael-briggs@reliantenergy.com'; 'mike.huk@gov.ab.ca';
'mjaske@energy.state.ca.us'; 'mpa@aelaw.com'; 'mpocino@rcgroup.com';
'mrokose@energyamerica.com'; 'mstout@sempra-slns.com';
'mtran@energy.state.ca.us'; 'napedersen@jonesday.com'; 'nge@value.net';
'office@mccarthylaw.com'; 'oro@cpuc.ca.gov'; 'oshirock@pacbell.net';
'paul.macavoy@yale.edu'; 'paulamirault@aec.ca'; 'pcervin@br-inc.com';
Golden, Patrick (Law); 'phanschen@gj.com'; 'phildavies@aec.ca';
'pjpowerlaw@aol.com'; 'pkeeler@br-inc.com'; 'plg@cpuc.ca.gov';>
'pmoritzburke@cera.com'; 'porterdk@sce.com'; 'pstohr@dbsr.com';
'raveen_maan@city.palo-alto.ca.us'; 'rbetonte@socalgas.com';
'rbw@mrwassoc.com'; 'rcooper@usg.com'; 'rczahar@aol.com';
'regaffairs@sf.whitecase.com'; 'rfoss@coral-energy.com';
'rgloistein@orrick.com'; 'rhc@mrwassoc.com'; 'richard.jordan@swgas.com';
'rick.counihan@greenmountain.com'; 'rishikawa@socalgas.com'; Litteneker,
Randall (Law); 'rliebert@cfbf.com'; 'rmccann@cal.net'; 'rmp@cpuc.ca.gov';
'robertg@greenlining.org'; 'rochmanm@spurr.org'; 'roger_tisdale@oxy.com';
'ron_oechsler@rmiinc.com'; 'ronknecht@aol.com'; 'rpelote@energy.twc.com';
'rpetti@ladwp.com'; 'rpurves@sdge.com'; Stoner, Ronald;
'rshively@enerdynamics.com'; 'rtask@reliantenergy.com'; 'salleyoo@dwt.com';
'sbs@cpuc.ca.gov'; 'scarter@nrdc.org'; 'scohn@SMUD.org';
'sedgar@socalgas.com'; 'simonsen@rmi.net'; 'skatz@sempratrading.com';
'slins@ci.glendale.ca.us'; 'smcfadden@igservice.com'; 'sneiman483@aol.com';
'spb1@cwclaw.com'; 'sscott3@enron.com'; 'steve.huhman@southernenergy.com';
'stomashe@energy.state.ca.us'; 'stringham@capp.ca'; 'swatson@socalgas.com';
Frank, Steven (Law); 'tbushman@cellnet.com'; 'tdickers@westerngas.com';
'tgary@pcenergy.com'; 'thamilto@enron.com'; 'thompson@wrightlaw.com';
'tlewis@unitedgas.com'; 'toca@utility-savings.com';
'tod_bradley@powerspring.com'; 'tom.roth@et.pge.com';
'tomb@crossborderenergy.com'; 'tsolberg@spurr.org'; 'tsurak@socalgas.com';
'tturner@ziagroup.com'; Berkovitz, Trista; 'vhconsult@earthlink.net';
'ward@phaser.com'; 'whited@paceresources.com'
> Subject:  PG&E OFO Forum on August 29
> Auto forwarded by a Rule
>
PARTIES in I.99-07-003

This is a reminder that PG&E is holding the first Gas OFO Forum on Tuesday,
August 29, 2000.  Attached is our proposed agenda for this meeting.  We will
have extra copies of both the July 31, 2000 OFO Report and the March 7, 2000
Balancing Report available at the meeting.

The Forum will be held in San Francisco at PG&E's Pacific Energy Center, 851
Howard Street (between 4th and 5th Streets).  There are a number of parking
lots in the area, including a very large lot also between 4th and 5th
Streets with entrances on 5th Street and Mission Street.  The meeting will
start at 9:30 a.m. and end around 4:00 p.m.  A continental breakfast will be
available at 9:00 a.m.  We will also provide lunch.

Please RSVP to Belinda Bates at bdb9@pge.com or 415-973-6626, if you have
not already done so.  We look forward to seeing you next week.

Ron Stoner   Randy Litteneker
415-973-3606  415-973-2179

 <<Agenda for 8-29-2000 OFO Forum>>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2000
05:16 PM ---------------------------

Vince J Kaminski
03/30/2000 05:15 PM
To: george_wayne@fpl.com
cc:
Subject: Test

Test

Vince


Tana ---

Can you give me an ETA on this request?

Thanks,
Griff


Jay,

I had a conversation with Belco prior to the receipt of the documents Stephanie forwarded on down to you.  I think before we make any response in the nature of what you are discussing below I think we might want to have a meeting or get Fred involved because that is not what Belco has in mind at all.  Although I understand from Enron Credit's point of view Belco is not longer in the drivers seat with respect to the Belco/Westport relationship, I think we still need to tread gingerly with how we deal with Belco or Ken Lay might be getting a phone call from Mr. Belfer (and I don't want my name to be brought up in that conversation!).  When you get back in the office let's pow-wow about how to approach this.
 -----Original Message-----
From: 	Williams, Jason R (Credit)
Sent:	Saturday, October 06, 2001 11:33 AM
To:	Panus, Stephanie; Rohauer, Tanya
Cc:	Jones, Tana
Subject:	RE: Belco Oil & Gas/Westport Resources merger

Stephanie -

Please advise the counterparty that we will be terminating the below agreements:

	Master Energy Price Swap Agreement b/t ENRON CAPITAL & TRADE RESOURCES and BELCO OIL & GAS CORP.
	Master Energy Price Swap Agreement b/t ENRON CAPITAL & TRADE RESOURCES and BELCO ENERGY CORP.

There are two reasons why we wish to terminate these agreements.  First, they do not contain threshold/margining provisions, except in the case of a default or material adverse change.  Second, the documents are the old master agreements and not ISDAs.

If the counterparty still desires to trade under the name Belco Oil & Gas Corp., I am happy to provide them with an ISDA draft, but I want to review the latest financials of Westport Resources Corporation (the surviving entity) to assess credit quality and provisions required for the new master.  They will need to provide us with the new financial information.  In the meantime, I am content to allow trading under the ISDA with Westport Oil & Gas Company.

Please let me know if you have any questions.  Thanks,

JRW

 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Wednesday, October 03, 2001 3:30 PM
To:	Rohauer, Tanya; Williams, Jason R (Credit)
Cc:	Jones, Tana
Subject:	Belco Oil & Gas/Westport Resources merger
Importance:	High

Tanya/Jay,
I am forwarding to you documentation from Westport Resources Corporation regarding the merger with Belco Oil & Gas.  As you know, we have existing financial agreements with both companies, as identified below:

Belco Oil & Gas - Master Energy Price Swap Agreement dated July 8, 1999, which has unlimited credit
Westport Oil & Gas Company, Inc. - ISDA Master Agreement dated March 17, 1998

The Counterparty wants to retain the Belco Master.  Please let me know what Credit wants to do.

Stephanie


txu buy 200 u @5255


Todd,

I appreciate your call earlier this morning.  I apologize for not being able to speak to you at the time.  I have attached my resume and look forward to speaking with you.

Regards,

Diana Scholtes

-----Original Message-----
From: todd@mrienergy.com [mailto:todd@mrienergy.com]
Sent: Friday, November 30, 2001 7:08 AM
To: Scholtes, Diana
Subject: todd j. goehring's information

diana:
i look forward to speaking with you late today or monday.

Best Regards,
Todd J. Goehring
Vice President, MRI Energy
1129 Broad Street, Suite 8
Shrewsbury, NJ  07702
tel: 732-578-0100 x105
fax: 732-578-1800
todd@mrienergy.com


I think its a good idea.

I thought a lot about it.

Spoken to Jonathan recently.

 -----Original Message-----
From: 	Romano, Marcello
Sent:	Friday, October 12, 2001 11:20 AM
To:	Kitchen, Louise
Subject:

L,

Do you think I am making a mistake or do you just need time to think of the implications.
Do you think I would be better positioned in oil to succeed?

M


What sort of phone headset do you use??  I am at the stage of getting one
and I thought I would build off your experience.

Bob


thanks Susan

Regards
Delainey


thx

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


Any thoughts on our conversation a few days ago?

Also, I will look at this policy and respond.

GP

 -----Original Message-----
From:  Office of the Chairman - Enron Wholesale Services
<legalonline-compliance@enron.com>@ENRON
[mailto:IMCEANOTES-Office+20of+20the+20Chairman+20-+20Enron+20Wholesale+20Serv
ices+20+3Clegalonline-compliance+40enron+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, February 28, 2001 1:58 PM
To: PIPER@mailman.enron.com; GREGORY
Subject: Confidential Information and Securities Trading

To:PIPER, GREGORY
Email:gpiper@enron.com - 7138536635

Enron Wholesale Services - Office of the Chairman

From:  Mark Frevert, Chairman & CEO
      Greg Whalley, President & COO
      Mark Haedicke, Managing Director & General Counsel

Subject:  Confidential Information and Securities Trading

Enron Wholesale Services ('EWS') maintains official Policies and Procedures
Regarding Confidential Information and Securities Trading ('Policies and
Procedures'), which have been revised as of November 15, 2000 to reflect the
new EWS structure.  These policies and procedures are intended to allow us
simultaneously to pursue our diverse businesses and to protect confidential
information, our reputation for integrity, and EWS and its employees from
legal liability.

You are required to become familiar with, and to comply with, the Policies
and Procedures.  The newly revised Policies and Procedures are available for
your review on LegalOnline, the new intranet website maintained by the Enron
Wholesale Services Legal Department.  Please click on the attached link to
access LegalOnline:

http://legalonline.corp.enron.com/chinesewall.asp

You must certify your compliance with the Policies and Procedures within two
weeks of your receipt of this message.  The LegalOnline site will allow you
to quickly and conveniently certify your compliance on-line with your SAP
Personal ID number.  If you have any questions concerning the Policies or
Procedures, please call Lance Schuler at extension 3-5419, Mark Haedicke at
extension 3-6544, Alan Aronowitz at extension 3-3214, Bob Bruce at extension
5-7780 or Donna Lowry at extension 3-1939.


Peter,

We revised the incumbency certificates for our U.S. master swap agreements to
include the authority of the officer as well as the officer's incumbency.

I made the same changes to the Canadian form, but don't want to make any
final changes to the Canadian form without your approval.  When you get a
minute can you take a look at it and see if the change meets with your
approval.

Nella, I am enclosing the current form of certificate as well as the revised
one (which is #1 documents below).  Can you print them out for Peter.

Thanks!


two married guys?


FYI

 -----Original Message-----
From: 	eserver@enron.com@ENRON [mailto:IMCEANOTES-eserver+40enron+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, April 11, 2001 3:47 PM
To:	jderric@enron.com
Subject:	<<Concur Expense Document>> - London

The Approval status has changed on the following report:

Status last changed by:  Automated Administrator
Expense Report Name: London
Report Total: $9,779.95
Amount Due Employee: $9,779.95
Amount Approved: $9,779.92
Amount Paid: $0.00
Approval Status: Pending
Payment Status: Pending

To review this expense report, click on the following link for Concur Expense.
http://xms.enron.com


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


Chris,

Thanks for the response and thanks for the consideration.  I accept and we're
done.  I will have a check out to you today via overnight mail.

Price:  9,500 less $500 plus $150 = $9,150

Please ship to:

Mike McConnell
13451 Belhaven Drive
Houston, Texas 77069

I look forward to doing business with you in the future.  I'll let you know
the next time I'm back in the market for a specific piece or artist.  Also
please give my home a call (281-895-6855) when the piece gets in the mail so
that I can make sure that my wife is around to accept delivery.

Sincerely,
Mike

PS - Your price was right on the mark for an easy personal decision.  My wife
actually preferred another piece that was slightly cheaper and this let me
get my favorite piece!

"Greg Hubert" <hubertart@earthlink.net> on 05/10/2001 11:27:34 AM
To: <Mike.McConnell@enron.com>
cc:
Subject: Re: Bonnard

Dear Mike,
Sorry the photos took so long to arrive in Texas.  We feel the piece is
fairly priced at $9,500. but will give you a $500. discount if this helps
your situation.  The crating will be $150. and the gallery will cover
insurance.
May Thanks,
C. Neptune

----- Original Message -----
From: <Mike.McConnell@enron.com>
To: <hubertart@earthlink.net>
Sent: Wednesday, May 09, 2001 7:22 PM
Subject: Re: Bonnard

>
> Chris,
>
> I got the pictures yesterday.  They looked great and were very clear.  I
am
> interested in buying a Bonnard and am ready to make a decision on the one
> you have as well.  I will send you a check via overnight mail if we can
> come to an agreement.  What is your best and final total  price for the
> work?  I will make a yes or no answer upon my receipt of your email.
>
> Thanks,
> Mike
>
>
>  PS -  I am going to pass on the Braque and Picasso for now.
>
>
>
>
>
>
> "Greg Hubert" <hubertart@earthlink.net> on 05/08/2001 05:01:41 PM
>
> To:   <Mike.McConnell@enron.com>
> cc:
> Subject:  Re: Bonnard
>
> Dear Mike:
> Please let me know that the photos arrived.
> Thanks,
> Chris
> ----- Original Message -----
> From: <Mike.McConnell@enron.com>
> To: <hubertart@earthlink.net>
> Sent: Friday, May 04, 2001 2:15 PM
> Subject: Re: Bonnard
>
>
> >
> > Chris,
> >
> > Thanks for the email.  I'll wait to get the pictures it will definitely
> > help.  I miss understood about the photos, I thought you were sending me
> > via email that next day.   Congrats on the Cassatt, that person will
> really
> > enjoy it.
> >
> > Let me know about the price as soon as you get a chance.  I understand
> that
> > there is a shipping component and no sales tax.  I like to have all my
> art
> > shipped because the tax savings can be significant, especially in New
> York.
> > I did like that frame on the picture but didn't understand your comment
> > below ($783).  The price you had did include the frame didn't it?
> >
> > Thanks,
> > Mike
> >
> >
> >
> >
> >
> > "Greg Hubert" <hubertart@earthlink.net> on 05/04/2001 11:05:39 AM
> >
> > To:   <Mike.McConnell@enron.com>
> > cc:
> > Subject:  Re: Bonnard
> >
> > Dear Mike:
> > Thanks for the email.  I sent a package via US mail with photos of each
> > piece to you on Wednesday night.  (The Cassatt was sold already, sorry.)
> I
> > thought you would want to look at the pieces with your wife, and make
the
> > decision together.
> >
> > We do not accept credit cards, but checks are fine.  I will speak ot Mr.
> > Hubert about the price, however are you interested in the frame?  Also
be
> > aware the crating charge for this piece is $150., but no sales tax.
> ($783.)
> >
> > Please wait for the images if you like, and we will speak soon.
> >
> > Best Wishes,
> >
> > Chris
> >
> > ----- Original Message -----
> > From: <Mike.McConnell@enron.com>
> > To: <hubertart@earthlink.net>
> > Sent: Thursday, May 03, 2001 5:52 PM
> > Subject: Bonnard
> >
> >
> > > To:  Chris Neptune,
> > >
> > > Chris,
> > >
> > > Hello from Houston.  I really enjoyed meeting with you last Saturday
at
> > > your gallery.  Your collection of work is very impressive.
> > >
> > > I have not received your digital pictures that you were putting
> together
> > > but I did talk with my wife about the Bonnard.  The Bonnard is my
first
> > > choice of all the pieces we discussed.  I found an illustration of it
> on
> > > the net (from another gallery) and she liked (although - not as much
as
> > > me).  I am prepared to purchase a Bonnard and the Radiator is my first
> > > choice.  I would like to establish a relationship and do business with
> > your
> > > gallery and would like to know what is your best price for the piece.
> I
> > > will not shop the price around and will make a quick decision with a
> > credit
> > > card number.   When I get your response and if it is competitive, I'll
> > > confirm the purchase when I pick up the email.
> > >
> > > Thanks,
> > > Mike McConnell
> > >
> > > PS - I will hold off on the others for now and when you send me the
> > > pictures I will show them to my wife for consideration.  I am
> considering
> > > the Mary Cassat as a gift for her.
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


whaddya mean, you think so?

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	05/09/2001 11:04 AM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE: Can you be home

i think so

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, May 08, 2001 4:58 PM
To: Nancy Sellers
Subject: RE: Can you be home

I'm serious.  Are you referring to the proposal that no one knows about
that everyone knows about?  We going to celebrate?

                    Nancy Sellers

                    <Nancy.Sellers@RobertMo        To:
"'Jeff.Dasovich@enron.com'"
                    ndavi.com>                     <Jeff.Dasovich@enron.com>

                                                   cc:

                    05/08/2001 06:27 PM            Subject:     RE: Can you
be home

har har - don't tell though - I want it to be a surprise

> -----Original Message-----
> From:         Jeff.Dasovich@enron.com [SMTP:Jeff.Dasovich@enron.com]
> Sent:         Tuesday, May 08, 2001 4:22 PM
> To:           Nancy Sellers
> Cc:           'Jeff Dasovich'; Prentice Sellers; Prentice @ Berkeley
> Subject:           Re: Can you be home
>
>
> What's Sunday?  Would that be "frog gras?"
>
>
>
>
>                     Nancy Sellers
>
>                     <Nancy.Sellers@RobertMo        To:     "'Jeff
> Dasovich'"
>                     ndavi.com>
> <Jeff_Dasovich@enron.com>, "Prentice @ Berkeley"
>
> <PSellers@haas.berkeley.edu>, Prentice Sellers
>                     05/08/2001 04:29 PM            <PSellers@pacbell.net>
>
>                                                    cc:
>
>                                                    Subject:     Can you
be
> home
>
>
>
>
>
> for Sunday's dinner?  I think I will order some foie for myself!
>
> Nancy
> (707) 251-4870 (phone)
> (707) 265-5446 (fax)
> "Plus je bois, mieux je chante"
>
>
>
>
>
>


Please disregard Parking receipt sent January 31, 2002.  Updated receipt will be sent shortly.

Thank You.


Ted, see the attached; I've made a couple of changes.

Ted Chavez
10/05/2000 02:01 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Duke Energy Field Services Guaranty

Susan,

 Please see the attached and give your comments.

Thanks,
Ted
X-37952


please correct per your calculation

Alejandra Chavez@ENRON
02/27/2001 02:22 PM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: orgination

Scott:

Origination was granted to Robin last night for $468.  However, I wanted to
bring it to your attention that sitara  #618541 and 618626 are two day deals
and my calculations show that $708 may instead be the correct amount of
origination.  Please correct me if I'm wrong or let me know if I should grant
to Robin an extra $240 tonight.

Thanks,
Alejandra


We have received the executed Letter Agreement dated 09/04/00 amending the
Electronic Trading Agreement with the referenced Counterparty.  Copies will
be distributed.


I think the best way to handle this is for you to get with Mary Joyce and her
team and work out the details.  I think the last item may be of some
concern.  If there are issues that can't be resolved between Mary and you I
will gladly get involved.  Does this sound like a good plan?


Texas Power Markets: Restructuring / Competition Report

Click Here to Download a Complete Brochure & Ordering Information.

http://www.pmaconference.com/txpwrmkts_pma.pdf

Skipping Stone's Texas Power Markets: Restructuring / Competition Report guides you through the newly emerging Texas energy marketplace terrain with the most current information available today.

*	Insight on the latest orders issued as of December 14, 2001 by both the PUCT and ERCOT, how they will affect the Texas energy market
*	Market statistics and characteristics that will impact your business
*	Graphs, tables and pictures give a snapshot for a quick grasp of the market
*	Over 130 color pages of clear, concise information

Summaries of the key provisions of SB 7, which provides the statutory framework for the electric competition program.

A detailed analysis of the Texas market design and a picture of how business will be conducted in the new electricity market.

Discussion of the experience gained in the Pilot Program, both in terms of general developments and specific market segments.

ERCOT's infrastructure responsibilities for the electric competition program.

Review of the PTB: The most critical - and controversial - issue in the Texas competition program.

Identification and profiling of the range of market participants in the restructured electricity industry in Texas

Additional information is provided on Texas Market Statistics, generation resources, and the role of ERCOT.

Click Here to Download a Complete Brochure & Ordering Information.

http://www.pmaconference.com/txpwrmkts_pma.pdf

Visit our Subscription Center to edit your interests or unsubscribe.
http://ccprod.roving.com/roving/d.jsp?p=oo&m=1000838503237&ea=kimberly.watson@enron.com

View our privacy policy: http://ccprod.roving.com/roving/CCPrivacyPolicy.jsp


We have received the executed First Amendment to ISDA Master Agreement dated
as of April 10, 2000.  This amendment revises the ISDA Master Agreement with
the referenced counterparty to bring the agreement up to current form
standards with changes including, but not limited to:

1.  Adding the Canadian Securities Acts representation;
2.  Making certain changes to elections with respect to Payments on Early
Termination and amending the Setoff language;
2.  Makes changes to certain credit provisions, including letter of credit
provisions, the form of letter of credit, the Independent Amount,, and amends
the definition of "Material Adverse Change" .

Copies will be distributed.


Start Date: 1/11/02; HourAhead hour: 9;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011109.txt


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Mark,

He is interested in regulatory economics. The  reason we referred him to you
was that  we thought
he might be able to help you.

Vince

Mark Schroeder
01/31/2000 01:32 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT
Subject: Re: Phone meeting on 31st Jan (Monday) with Vince

This i can help with.  Would you like to suggest a topic, so it is of value
to you, or to your counterparts/subordinates here in London?   thanks  mcs

Vince J Kaminski
31/01/2000 14:07
To: Mark Schroeder/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT

Subject: Re: Phone meeting on 31st Jan (Monday) with Vince

Mark,

I understand that the student would like to write a dissertation on a topic
selected by us
that we could use internally. He would like to get from us a grant (a few
hundred pounds) and
access to publicly available information (to reduce the time he would spend
doing research
on his own). No access to internal documents would be required.

Vince

Mark Schroeder
01/30/2000 05:41 AM
To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Sharon Killey/LON/ECT@ECT, Nigel
Sellens/LON/ECT@ECT
Subject: Re: Phone meeting on 31st Jan (Monday) with Vince

My diary indicates that I am free after 1700, London time.  I have already
forwarded one CV from an MBA student at Cranfield to Nigel Sellens, our HR
head here in London.  I unfortunately cannot remember the name of the
student, but also an Indian national, I believe.  That student was referred
to me by one of our employees in India (again, name escapes me).  I am happy
to speak with you, but as with the other MBA candidate, I think it is for HR
in London to sort out with our commercial team if this is something they are
willing to do, as it obviously results in some disclosure of info.  Also, is
it seen by traders/HR as a possible recruiting tool (I also assume that is
why youwant to get involved), either for Houston, London, or Mumbai offices?
Again, though, that is something I am not in a position to decide/resolve.
Feel free to call at 1700 if it is still useful for you.   thanks  mcs

Pinnamaneni Krishnarao
28/01/2000 20:24
To: Mark Schroeder/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:

Subject: Phone meeting on 31st Jan (Monday) with Vince

Vince requested me to forward this info. to you. Vince and I would like to
speak to you over the phone Monday morning (afternoon for you). This is
regarding an MBA student at Cranfield school of Business in UK, Ajay, who
wants to do a project with Enron on deregulation of power markets. If you can
have these two files printed, it would help.

Thank you,
Krishna.


1.8 Bcf is the average of actual throughput per day.

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Tuesday, February 26, 2002 9:47 AM
To:	Taylor, Gina; Moore, Jan
Subject:	RE: TW 2001 Throughput

That's what I was asking Jan previously - does the 1.8 Bcf/d include any estimates or is that an actual number?

Gina, I am waiting for Steve to respond to two e:mails I've sent him requesting comments on the slide.  He is in Dallas today.

 -----Original Message-----
From: 	Taylor, Gina
Sent:	Tuesday, February 26, 2002 9:45 AM
To:	Donoho, Lindy; Moore, Jan
Subject:	RE: TW 2001 Throughput

Thanks!  Should I call an estimate or is this actual?  Also, any changes on the slide I sent yesterday?

Gina

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Tuesday, February 26, 2002 9:44 AM
To:	Taylor, Gina; Moore, Jan
Subject:	RE: TW 2001 Throughput

I have 1.8 Bcf/d for annual daily average for total system in 2001 on TW.

 -----Original Message-----
From: 	Taylor, Gina
Sent:	Tuesday, February 26, 2002 9:42 AM
To:	Donoho, Lindy; Moore, Jan
Subject:	RE: TW 2001 Throughput

I'll take an estimate for TW througput per day.  I need something in the next hour, if possible.

Thanks for immediate attention....Gina

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Tuesday, February 26, 2002 9:17 AM
To:	Moore, Jan
Cc:	Taylor, Gina
Subject:	TW 2001 Throughput

Jan,
	I had a number from you for one of the presentations we put together, but I wasn't sure if it was the final, actuals for 2001.  What was TW's total actual throughput for 2001?


Whatever she's making now is not enough. Vickie Aldous went above and beyond
the call of duty, not only locating, copying and expediting the article to
me, but all within two days of my request. And it was for a good cause -
we'll be donating the proceeds from our holiday party/auction to the
Court-Appointed Special Advocates (CASA). Last year the proceeds went to
Emanuel Children's Hospital - $20,000 from auction attendees plus matching
dollars from Enron Corp. resulted in a hefty check.

I'm sorry we didn't connect while you were in Portland. I got the message on
Monday and figured it was a little too late by then. Hope the reunion went
well. I'm scrambling to be svelte and successful by my 10-year high school
reunion, which descends upon me in less than four years. I know I'll need at
least that much time, having spent four years of my life with that bunch of
overachieving Catholic girls.

I just had a surprise visit from some Ashland friends on Tuesday, replete
with an extra ticket to see Santana at the Rose Garden. What an awesome
concert! I must say I'm thoroughly enjoying city life again. But I'll need to
come to Ashland soon for a dose of good old-fashioned familiarity.

So, I guess this was the long way of saying yes, I got the article, and thank
you so much for such indispensible help.

Kate


---------------------- Forwarded by Randall L Gay/HOU/ECT on 10/20/2000 10:25
AM ---------------------------

Robert Superty
10/20/2000 10:30 AM
To: Randall L Gay/HOU/ECT@ECT
cc:
Subject: [Fwd: real debate?]

Randy, my oldest son forwarded this to me and based on our political
discussions at lunch the other day I thought you would enjoy it.

Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 10/20/2000
10:20 AM ---------------------------

Rob Superty <superty@fas.harvard.edu> on 10/19/2000 09:53:55 PM
To: robsup18@aol.com, pjmosquito@aol.com, n64lax14@aol.com,
bobsuperty@earthink.net, Robert.Superty@enron.com
cc:
Subject: [Fwd: real debate?]

Read this, guys..it's really funny.? The format isn't exactly pretty, but
you'll be able to figure it out:
?

The Real Debate

Jim Lehrer:???? Welcome to the second presidential debate between Vice
President Al Gore and Gov. George W. Bush. The candidates have agreed on
these rules:? I will ask a question. The candidate will ignore the question
and deliver rehearsed remarks
designed to appeal to undecided women voters.
The opponent will then have one minute to respond by trying to frighten
senior citizens into voting for him.
When a speaker's time has expired, I will whimper softly while he
continues
to spew incomprehensible statistics for three more minutes.

Let's start with the vice president. Mr. Gore, can you give us the name
of
a downtrodden citizen and then tell us his or her story in a way that
strains the bounds of common sense?

Gore:??????????? As I was saying to Tipper last night after we tenderly
made???????????? love the way we have so often during the 30 years of
our
rock-solid marriage, the downtrodden have a clear choice in this
election.
My opponent wants to cut taxes for the richest 1 percent of Americans.

I, on the other hand, want to put the richest 1 percent in an iron clad
lock box so they can't hurt old people like Roberta Frampinhamper, who
is
here tonight. Mrs. Frampinhamperhas been selling her internal organs,
one
by one, to pay for gas so that she can travel to these debates and
personify problems for me.

Also, her poodle has arthritis.

Lehrer:??? Gov. Bush, your rebuttal.

Bush:???? Governors are on the front lines every day, hugging people,
crying with them, relieving suffering anywhere a photo opportunity
exists.? I want to empower those crying people to make their own
decisions,
unlike my opponent, whose mother is not Barbara Bush.

Lehrer:??? Let's turn to foreign affairs. Gov. Bush, if Slobodan
Milosevic
were to launch a bid to return to power in Yugoslavia, would you be able
to
pronounce his name?

Bush:??????? The current administration had eight years to deal with
that
guy and didn't get it done. If I'm elected, the first thing I would do
about that guy is have Dick Cheney confer with our allies. And then Dick
would present me several options for dealing with that guy. And then
Dick
would tell me which one to choose.

You know, as governor of Texas, I have to make tough foreign policy
decisions every day about how we're going to deal with New Mexico.

Lehrer:??? Mr. Gore, your rebuttal.

Gore:??????? Foreign policy is something I've always been keenly
interested
in. I served my country in Vietnam. I had an uncle who was a victim of
poison gas in World War I.? I myself lost a leg in the Franco-Prussian
War.
And when that war was over, I came home and tenderly made love to Tipper
in
a way that any undecided woman voter would find romantic.

If I'm entrusted with the office of president, I pledge to deal
knowledgeably with any threat, foreign or domestic, by putting it in an
iron clad lock box.

Because the American people deserve a president who can comfort them
with
simple metaphors.

Lehrer:??? Vice President Gore, how would you reform the Social Security
system?

Gore:??????? It's a vital issue, Jim. That's why Joe Lieberman and I
have
proposed changing the laws of mathematics to allow us to give $50,000 to
every senior citizen without having it cost the federal treasury a
single
penny until the year 2250. In addition, my budget commits $60 trillion
over
the next 10 years to guarantee that all senior citizens can have drugs
delivered free to their homes every Monday by a federal employee who
will
also help them with the child-proof cap.

Lehrer:??? Gov. Bush?

Bush:??????? That's fuzzy math. I know, because as governor of Texas, I
have to do math every day. I have to add up the numbers and decide
whether
I'm going to fill potholes out on Rt. 36 east of Abilene or commit funds
to
reroof the sheep barn at the Texas state fairgrounds.

Lehrer:??? It's time for closing statements.

Gore:??????? I'm my own man. I may not be the most exciting politician,
but
I will fight for the working families of America, in addition to turning
the White House into a lusty pit of marital love for Tipper and me.

Bush:??????? It's time to put aside the partisanship of the past by
electing no one but Republicans.

Lehrer:??? Good night.
?
?
Return-Path: <rjbell@fas.harvard.edu>
Received: from [140.247.185.51] (roam185-51.student.harvard.edu
[140.247.185.51]) by smtp4.fas.harvard.edu with ESMTP id MAA10898
X-Sender: rjbell@pop.fas.harvard.edu
Message-Id: <v04003a18b613817c35ae@[140.247.185.51]>
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Date: Wed, 18 Oct 2000 12:34:31 -0400
To: Holmes 3rd residents:;
From: rick bell <rjbell@fas.harvard.edu>
Subject: real debate?
X-Mozilla-Status2: 00000000

>The Real Debate
>
>
>Jim Lehrer:     Welcome to the second presidential debate between Vice
>President Al Gore and Gov. George W. Bush. The candidates have agreed on
>these rules:
>I will ask a question.
>The candidate will ignore the question and deliver rehearsed remarks
>designed to appeal to undecided women voters.
>The opponent will then have one minute to respond by trying to frighten
>senior citizens into voting for him.
>When a speaker's time has expired, I will whimper softly while he
>continues
>to spew incomprehensible statistics for three more minutes.
>
>Let's start with the vice president. Mr. Gore, can you give us the name
>of
>a downtrodden citizen and then tell us his or her story in a way that
>strains the bounds of common sense?
>
>Gore:            As I was saying to Tipper last night after we tenderly
>made             love the way we have so often during the 30 years of
>our
>rock-solid marriage, the downtrodden have a clear choice in this
>election.
>My opponent wants to cut taxes for the richest 1 percent of Americans.
>
>I, on the other hand, want to put the richest 1 percent in an iron clad
>lock box so they can't hurt old people like Roberta Frampinhamper, who
>is
>here tonight. Mrs. Frampinhamperhas been selling her internal organs,
>one
>by one, to pay for gas so that she can travel to these debates and
>personify problems for me.
>
>Also, her poodle has arthritis.
>
>Lehrer:    Gov. Bush, your rebuttal.
>
>Bush:     Governors are on the front lines every day, hugging people,
>crying with them, relieving suffering anywhere a photo opportunity
>exists.  I want to empower those crying people to make their own
>decisions,
>unlike my opponent, whose mother is not Barbara Bush.
>
>Lehrer:    Let's turn to foreign affairs. Gov. Bush, if Slobodan
>Milosevic
>were to launch a bid to return to power in Yugoslavia, would you be able
>to
>pronounce his name?
>
>Bush:        The current administration had eight years to deal with
>that
>guy and didn't get it done. If I'm elected, the first thing I would do
>about that guy is have Dick Cheney confer with our allies. And then Dick
>would present me several options for dealing with that guy. And then
>Dick
>would tell me which one to choose.
>
>You know, as governor of Texas, I have to make tough foreign policy
>decisions every day about how we're going to deal with New Mexico.
>
>Lehrer:    Mr. Gore, your rebuttal.
>
>Gore:        Foreign policy is something I've always been keenly
>interested
>in. I served my country in Vietnam. I had an uncle who was a victim of
>poison gas in World War I.  I myself lost a leg in the Franco-Prussian
>War.
>And when that war was over, I came home and tenderly made love to Tipper
>in
>a way that any undecided woman voter would find romantic.
>
>If I'm entrusted with the office of president, I pledge to deal
>knowledgeably with any threat, foreign or domestic, by putting it in an
>iron clad lock box.
>
>Because the American people deserve a president who can comfort them
>with
>simple metaphors.
>
>Lehrer:    Vice President Gore, how would you reform the Social Security
>system?
>
>Gore:        It's a vital issue, Jim. That's why Joe Lieberman and I
>have
>proposed changing the laws of mathematics to allow us to give $50,000 to
>every senior citizen without having it cost the federal treasury a
>single
>penny until the year 2250. In addition, my budget commits $60 trillion
>over
>the next 10 years to guarantee that all senior citizens can have drugs
>delivered free to their homes every Monday by a federal employee who
>will
>also help them with the child-proof cap.
>
>Lehrer:    Gov. Bush?
>
>Bush:        That's fuzzy math. I know, because as governor of Texas, I
>have to do math every day. I have to add up the numbers and decide
>whether
>I'm going to fill potholes out on Rt. 36 east of Abilene or commit funds
>to
>reroof the sheep barn at the Texas state fairgrounds.
>
>Lehrer:    It's time for closing statements.
>
>Gore:        I'm my own man. I may not be the most exciting politician,
>but
>I will fight for the working families of America, in addition to turning
>the White House into a lusty pit of marital love for Tipper and me.
>
>Bush:        It's time to put aside the partisanship of the past by
>electing no one but Republicans.
>
>Lehrer:    Good night.


-----Original Message-----
From:  Calcagno, Suzanne
Sent: Thursday, April 19, 2001 1:12 PM
To:
Subject: March of Dimes

Hello All--

Shelley Corman has asked me to forward the attached letter to you regarding
Enron's fundraising efforts on behalf of the March of Dimes.

Please take a moment to review--any contribution you can make would be
greatly appreciated and will be matched 100% by Enron.

Please ket me know if you have any questions or need any additional
information

Thanks!

Please make checks payable to the March of Dimes and send to me at Location
EB3275F.

==============================================================================
============================================
Dear ENA Team Member:

I am proud to serve as a sponsor of Enron,s March of Dimes 2001 Walk Team.
March of Dimes is a national nonprofit organization whose mission is to
improve the health of babies preventing birth defects and infant mortality.
Childhood health is a cause near and dear to my heart.

Obviously, it is a cause that is near and dear to Enron employees as well.
Last year our Enron team raised over $46,000.   This year our team has set a
goal to raise $75,000.  With your help, I believe we can achieve this
aggressive goal.

I understand that you are called upon to donate your time and money to many
worthy causes and clearly I am not a seasoned fundraiser.  What I can tell
you is that I am proud of our employees that have rallied a grassroots effort
to support March of Dimes here at Enron.  I am committed to continuing their
work.  I ask that you consider making a donation in any amount.

Please use the attached envelope to make your donation to the March of Dimes
and forward you check back to me by Friday, April 27th.  Your contribution is
totally tax deductible and Enron will match your gift dollar for dollar (I
will take care of the matching paperwork).

Thanks, in advance, for your donation and support of the March of Dimes.  You
can read more about the March of Dimes at www.modimes.org.

Sincerely,

Suzanne Calcagno
Manager--Regulatory Affairs
Gas Logistics


Please call me about this when you can.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/07/2000 12:04
PM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/07/2000 10:08:50 AM
To: Ben.F.Jacoby@enron.com, Kay.Mann@enron.com, JKeffer@KSLAW.com
cc: areynaud@coral-energy.com, dwhaley@coral-energy.com,
TSeigler@coral-energy.com

Subject: Tax representation

The tax representation which should be included in Section 6(d) of the
Letter Agreement is as follows:

Since its formation, the LLC has not made any tax elections on behalf
of the LLC, including any tax election that causes the LLC to be treated
as anything other than a disregarded entity in accordance with Income
Tax Regulations section 301.7701-3(b).


What do you think about using this proposed document for approving any EOTT
project that is outside the approved Project budget plan?

Here's my attempt at the template:


Sharon Collins
1128 SW 17th Street
Fort Lauderdale, FL 33315
sharon@secondsitestudio.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from
selling Enron stock before the company declared bankruptcy to funds,
such as Enron Employee Transition Fund and REACH, that benefit the
company's employees, who lost their retirement savings, and provide
relief to low-income consumers in California, who can't afford to pay their
energy bills.  Enron and you made millions out of the pocketbooks of
California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's
employees were financially devastated when the company declared
bankruptcy and their retirement plans were wiped out.  And Enron made
an astronomical profit during the California energy crisis last year.  As a
result, there are thousands of consumers who are unable to pay their
basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron
stock while aggressively urging the company's employees to keep buying
it.  Please donate this money to the funds set up to help repair the lives of
those Americans hurt by Enron's underhanded dealings.

Sincerely,

Sharon Collins


I made changes to  (h) Sections 8.1 (c) and 8.2 (c) changing the days for
providing Performance Assurance form 3 to 10. I also changed (i) "Downgrade
Event "  to 10 days to make it consistent with (j).

 <<SMUD Redline EEI (5.15.01).doc>>

 - SMUD Redline EEI (5.15.01).doc


?
Sharon


Louis,  Please approve a parking subsidy for Nabil Nachawati, a summer law clerk, in the legal dept.  My RC# is 105659, and the CO# is 0413.  Let me know if you need any further information.

Gerald Nemec


Here is the most current orig file.
PL


Start Date: 4/12/01; HourAhead hour: 22;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041222.txt


Should I cancel the wire that is scheduled to go out today?  It might be too late but I can check.

-----Original Message-----
From: Mann, Kay
Sent: Thursday, March 28, 2002 8:28 AM
To: McMichael Jr., Ed; Germany, Chris; Boyt, Eric
Subject: RE: Dominion

Dominion's lawyer left me a message that they are sticking with the termination.  I will send them a letter telling them that we will be covering.

Mark Ellenberg is off for Passover.  We can discuss options early next week.  I have beed in contact with him, and he is familiar with the issues.

The contract is a bit complicated.  I will prepare a contract summary along the lines of what Pete prepared for MCV.

Kay
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
ANDREWS, NAVEEN C               RUDI C ZIPTER                   Oct 31, 2000
BAXTER, ASHLEY                  DAVID DAVIES                    Nov 02, 2000
CAMPOS, HECTOR O                PEYTON S GIBNER                 Nov 06, 2000
CARSON, RICHARD L               RICHARD B BUY                   Oct 30, 2000
CRENSHAW, SHIRLEY J             WINCENTY J KAMINSKI             Oct 26, 2000
GORNY, VLADIMIR                 THEODORE R MURPHY II            Nov 02, 2000
KINDALL, KEVIN                  VASANT SHANBHOGUE               Oct 30, 2000
LAMAS VIEIRA PINTO, RODRIGO     DAVID PORT                      Oct 31, 2000
RAYMOND, MAUREEN J              WINCENTY J KAMINSKI             Nov 02, 2000
SUPATGIAT, CHONAWEE             PEYTON S GIBNER                 Oct 27, 2000
TAMARCHENKO, TANYA V            VASANT SHANBHOGUE               Oct 26, 2000
VILLARREAL, NORMA E             SHEILA H WALTON                 Oct 26, 2000
WALTON, SHEILA H                DAVID OXLEY                     Oct 27, 2000
YAMAN, SEVIL                    VASANT SHANBHOGUE               Oct 27, 2000
YUAN, DING                      RICHARD L CARSON                Oct 31, 2000


I will try and get it for you.
PL


I'm looking for an article that appeared on page 12 of the May 17 issue of
Investment Dealers' Digest entitled "CFTC contacts Blackbird, which reignites
debate."
Mark Taylor
413/1157


Start Date: 3/8/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030808.txt


Latest and greatest as just discussed !
Regards
Janine
---------------------- Forwarded by Janine Juggins/LON/ECT on 22/09/2000
14:23 ---------------------------

Mahesh Lakhani
22/09/2000 11:22

To: Paul Simons/LON/ECT@ECT
cc: Sheila Glover/HOU/ECT@ECT, John Greene/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT,
Erica Gut/LON/ECT

Subject: Re: Bond & Equity Trading

Paul

I am in the process of drafting the agency agreement between the US principal
and the UK agent.  As soon as I have completed this I will circulate it for
review.

With regard to your points on the choice of entities, I have the following
comments:

the principal booking entity - For equities : ECT Investments Inc and for
Bonds it will be ENA (Based on Sheila's note below)
the UK agent  - as this should not be EEFT, we should set up a new entity for
this as I think we should have a clean company.  I have started the new
company workflow process for the set up of this company.  I have recommended
that the entity is a sub of EnronCredit.com and be called Enron Investment
Services Limited (unless if anyone has any other suggestions)
I confirm that the same UK agent can be used for both businesses

Regards
Mahesh

	From:  Sheila Glover                           19/09/2000 18:43

To: Mahesh Lakhani/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, John
Greene/LON/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT
Subject: Equities

Mahesh,
This confirms our discussion that the the UK entity will have two separate
service agreements.  One with ENA for Prop Debt Trading and one with ECT
Investments Inc for Equities Trading.
In London, we can book directly into the underlying entity, e.g.
Energy-London Book,  At the end of the month, we will record  income based
upon activity to the Arranger, New UK entity,  and record the offsetting
expense to the Serviced book (Energy London).
Many thanks.
Sheila

From: Mahesh Lakhani on 09/19/2000
To: John Greene/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT
Subject: Equities

I have a quick question - Would the principal for the bonds/Equities business
done from London be ENA or ECT Investments Inc.  I recall from our meeting
that it was ECT due to the regulatory environment - can you please confirm

Thanks
Mahesh

Paul Simons
14/09/2000 19:27
To: Sheila Glover/HOU/ECT@ECT
cc: John Greene/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Mahesh
Lakhani/LON/ECT@ECT
Subject: Re: Bond & Equity Trading

The agent is needed for tax reasons.  I think it means that the income is
earned by a "dealer" (ie the agent) which means it is not sub-part F income
for US tax purposes and hence not double taxable.

The tax guys can correct me if I'm wrong!

Paul

	From:  Sheila Glover                           14/09/2000 19:08

To: Paul Simons/LON/ECT@ECT, John Greene/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT
Subject: Re: Bond & Equity Trading

Paul, John and Janine,
If it is unregulated, do we still need to use an agent? If the answer is yes,
I would like to understand why and what the operational requirements will be
for the transactional flow.
Thanks. Sheila

Paul Simons
09/14/2000 04:36 AM
To: John Greene/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Mahesh
Lakhani/LON/ECT@ECT
cc: Erica Gut/LON/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Jeff
Kinneman/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Mark
Evans/Legal/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Lin Richardson/LON/ECT@ECT
Subject: Re: Bond & Equity Trading

Since we're clear on regulation, the choice of entities becomes a tax issue.
We need to identify:

which company (new or existing) will be the principal booking entity
which company (new or existing) will be the agent (but we shouldn't use EEFT,
our SFA entity)
whether the same principal entity can be used for both the equity and bond
businesses, and
as you say, whether the same agent can be used for both businesses

Could Janine/Mahesh please opine on these questions (we can meet if necessary
to discuss) then we can set up the entity or entities as required.  Thanks

Paul

John Greene
14/09/2000 10:03
To: Paul Simons/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Mahesh
Lakhani/LON/ECT@ECT, Erica Gut/LON/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT
Subject: Re: Bond & Equity Trading
Now that we have the "green light", can we please start the process of
setting up the UK entity that will act as agent for this activity.  According
to Jeff, the bond trading activity will not start right away and, in any
case, the volume for this activity will be fairly light.  Therefore, I think
it would be best if we just set up one agent now and decide on the need for
another separate entity at a later date.

Thanks and regards,
John

Paul Simons
13/09/2000 15:16
To: Gary Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, John
Greene/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Janine Juggins/LON/ECT@ECT,
Mahesh Lakhani/LON/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Andrew
Cornfield/LON/ECT@ECT
cc: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT
Subject: Bond & Equity Trading

I have just received the letter SFA promised us.  SFA have accepted our
argument that our proprietary bond and equity trading can be carried on in
London through an unregulated UK entity.  The letter also states that SFA
will not be applying their consolidated capital supervision rules to the
unregulated entity, which they have the discretion to do.

From a regulatory perspective this means we can move ahead at full speed to
set up an appropriate Chinese Wall and then begin trading.

Best regards

Pau


Here the first change to your main bank account

Carmen Chavira
EWS Service Center
(713)853-0648
(713)646-8086 fax

<Embedded Picture (Device Independent Bitmap)>


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

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

Crude     http://www.carrfut.com/research/Energy1/crude83.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas83.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil83.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded83.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
Dec/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/huz-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG83.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG83.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL83.pdf

Scott Mollner Recomendation
http://www.carrfut.com/research/Energy1/recom11-16-01.pdf


Vince

We have completed the valuation of the above interest rate caps as
requested. I have faxed a copy of the attached files to your attention at
(713) 646 2503.

Please let us know if we can help again.

Regards,

Leslie Abreo
Andrew Kalotay Associates, Inc.
61 Broadway, Ste 3025
New York NY 10006
Phone: (212) 482 0900
Fax: (212) 482 0529
email: leslie.abreo@kalotay.com

Visit AKA's website at http://www.kalotay.com

 - Cap Valuation_0900.doc
 - Dabhol Power Co caps.xls


FYI.  Please see note chain. Legislative effort differs considerably from this.  Note on that bill and today's Leg events to follow.

Best,
Jeff

-----Original Message-----
From: Huhman, Steve [mailto:steve.huhman@mirant.com]
Sent: Monday, August 27, 2001 7:00 PM
To: 'Dan Douglass'; ARM; Vicki Sandler; Tamara Johnson; Mara, Susan;
Huhman, Steve; Roger Pelote; Rob Nichol; Randy Hickok; Nam Nguyen; Jim
Crossen; Dasovich, Jeff; Janie Mollon; Jack Pigott; Greg Blue; George
Vaughn; Gary Ackerman; Ed Cazalet; Denice Cazalet Purdum; Curtis Kebler;
Curt Hatton; Corby Gardiner; Charles Miessner; Carolyn Baker; Bill Ross;
Karen Shea; Max Bulk
Subject: RE: CRITICAL!! IMMEDIATE REVIEW NEEDED

If Legal analysis indicates that we can make a strong case for either
hearings, or a change of date, Mirant would be a supporter. Due to time
constraints, we may not be available to contribute to strategy discussions
in the next day or two, however. If the group comes up with an action that
it believes makes good sense, Mirant will participate. - - Steve

-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Monday, August 27, 2001 7:23 PM
To: ARM; Vicki Sandler; Tamara Johnson; Sue Mara; Steve Huhman; Roger
Pelote; Rob Nichol; Randy Hickok; Nam Nguyen; Jim Crossen; Jeff Dasovich;
Janie Mollon; Jack Pigott; Greg Blue; George Vaughn; Gary Ackerman; Ed
Cazalet; Denice Cazalet Purdum; Curtis Kebler; Curt Hatton; Corby Gardiner;
Charles Miessner; Carolyn Baker; Bill Ross; Karen Shea; Max Bulk
Subject: CRITICAL!! IMMEDIATE REVIEW NEEDED

THE COMMISSION HAS ISSUED A REVISED DRAFT OF THE BARNETT DECISION TODAY
WHICH RETROACTIVELY SUSPENDS DIRECT ACCESS TO JULY 1.

The cover letter states as follows:

"This version differs from the draft mailed on August 15, 2001 in several
ways. First, the effective date of the suspension has been changed from
September 1, 2001 to July 1, 2001 (as proposed in the draft mailed June 15,
2001). Second, the draft decision clarifies that customers who have executed
direct access contracts prior to July 1, 2001 may continue to receive power
from electric service providers for the initial term of the contracts.
Several other editorial and explanatory changes have also been made.

Assembly Bill No. 1 from the First Extraordinary Session (AB1X) requires
that direct access be suspended until the Department of Water Resources no
longer supplies power to the customers of the three largest regulated
electricity companies. It directs that the Commission determine the
effective date of the suspension. In order to reduce the possibility of harm
to customers and to resolve potential conflict, parties should comment on:
(1) whether AB1X suspends the entire direct access program, including all
transactions under that program, (2) how the Commission can comply with AB1X
if it exempts written contracts for direct access executed before July 1,
2001 from the suspension, and (3) whether July 1, 2001 is an appropriate
date for the suspension......Comments on the draft decision are permitted.
Those comments are to be electronically served on the service list (for
those who have electronic addresses) no later than 10:00 a.m. on September
4, 2001, and shall be filed with the Commission by 5:00 p.m. on that date."

The specific wording in the Decision is:

"The Legislature has directed this Commission to suspend direct access until
DWR no longer procures power for the retail end-users, and we find it should
be suspended effective July 1, 2001.  The Legislative direction is clear;
and the suspension should apply to SCE, Pacific Gas and Electric Company
(PG&E), and San Diego Gas & Electric Company (SDG&E).  In the interest of
providing cost stability for current direct access customers, written
contracts for direct access signed before July 1, 2001 are exempt from the
suspension for the initial term of the contracts."

It also provides that:

"In comments on the draft decision, several parties questioned the need for
the Commission to implement the legislative suspension of direct access as
soon as July 1, 2001.  By the draft decision mailed for comment to the
parties on June 15, 2001, market participants were provided notice that
direct access would be suspended as of July 1, 2001.  The Commission
postponed its consideration of the draft decision.  However, we do not
change the effective date of the suspension.  The underlying legislation was
introduced on January 3, 2001, enrolled and sent to the Governor on February
1, 2001, and signed by the Governor the same day.  Market participants have
now had eight months since then to prepare for this event.  We do not wish
to reward customers who have switched to direct access since July 1, 2001 in
the hope that we would change the effective date of the suspension when this
switch could disadvantage customers who continue to receive bundled service
from the utility."

The decision also states that no parties have raised any factual issues
which would justify hearings, which presumably, although not explicitly,
disposes of the joint AReM/WPTF filing.  I presume we will want to file in
strong opposition.  Suggestions on strategy?  It might be a good idea to
have a conference call on this and get started immediately with raising a
movement to counter this.

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>


Your the queen......  thanks for your efforts!!


Tana:

The following CPs are not authorized to trade US power products:

Cargill Energy - not a current trading partner/not FERC approved
Kansas Gas Service Co. - not a current trading partner/not FERC approved
Apex Oil Company, Inc. - not a current trading partner/not FERC approved
Hermes Consolidated, inc. - not a current trading partner/not FERC approved
ONEOK Inc. - not a current trading partner/not FERC approved
PPL Corporation - not a current trading partner/not FERC approved

Duke Power is authorized for ENRON SALES only pursuant to the on-line GTCs
LISA -- Please confirm that Duke has received a GTC override letter.  If they
have not, they will need one.

***************************
Connectiv Energy Supply, Inc. - may trade pursuant to on-line GTCs
Consolidated Edison Solutions, Inc. - not a current trading partner, but is
FERC approved.  Therefore, may trade pursuant to on-line GTCs.
Delmarva may trade

Leslie