FYI, JDS Uniphase Corporation was one of the 150 California companies that
received our direct access letter.  Please see the attached letter that they
sent to the CPUC commissioners.
---------------------- Forwarded by Karen Denne/Corp/Enron on 06/14/2001
01:15 PM ---------------------------
From: Janel Guerrero on 06/13/2001 10:59 PM
To: Ken_Pietrelli@ocli.com
cc:  (bcc: Karen Denne/Corp/Enron)

Subject: Re: JDS Uniphase Corporation Strongly Supports Retention of Direct
Access and asks for CPUC Support

Thank you Mr. Pietrelli.  Your letter is straightforward, honest, and such an
important part of the process.  I'll foward your letter to Chairman Lay
immediately.  Thank you again for your interest in the issue and for taking
time to contact the CPUC.

Janel Guerrero
Director, Government Affairs

	Ken_Pietrelli@ocli.com
	06/13/2001 07:49 PM

		 To: Janel.guerrero@enron.com
		 cc:
		 Subject: JDS Uniphase Corporation Strongly Supports Retention of Direct
Access and asks for CPUC Support

FYI, the attached e-mail was sent to all 5 CPUC commissioners.

---------------------- Forwarded by Ken Pietrelli/SaRo/US/JDSUniphase on
06/13/2001 05:49 PM ---------------------------

Ken Pietrelli
06/13/2001 05:34 PM

To:   commissionerbrown@cpuc.ca.gov
cc:

Subject:  JDS Uniphase Corporation Strongly Supports
      Retention of Direct Access and asks for CPUC Support

Dear Commissioner Geoffrey F. Brown:

My name is Kenneth D. Pietrelli, Vice President of Corporate Services for the
Thin Film Products Group(formerly OCLI and Flex Products) of JDS Uniphase in
Santa Rosa, California.  I am asking for your support to retain Direct Access
as
an option for industrial energy customers such as JDS Uniphase.  Electricity
and
natural gas are critical infrastructural requirements for our manufacturing
processes.  Without access to reliable sources, at high quality and
competitive
prices we cannot satisfy our customers needs and be a viable business in
California.  We fear loss of direct access will have a material, adverse
effect
on our business in California where we currently employ approximately 5,000
employees. JDS Uniphase is made up of such diverse groups as the original
Uniphase Commercial Lasers Group in San Jose and Manteca, the E-Tek Dynamics
Company in San Jose, SDLI in San Jose and Santa Clara and OCLI and Flex
Products
in Santa Rosa.  The corporation has over 20,000 employees in over 20
countries.
Of all the sites in California only the Santa Rosa site has direct access,
which
is due to various historical and operational reasons.  We own a 22Mw
substation
located on our 75 acre plant site and are considered a grid level customer.
Up
to now we have enjoyed high quality, reliable electrical energy.  In the mid
1990's we began contracting directly for natural gas from other than PG& E and
are currently sourcing gas from Pan Canadian Energy via a single point gas
meter
for the site.  In 1998 we entered into a 5 year direct access electricity
contract with PG& E Energy Services.  In 2000 this contract was assigned by
PG&E
Energy Services to Enron and is valid through June 30, 2003.   Because of the
importance of energy availability, quality and price to our manufacturing
operations we have made business decisions on where capital investments have
been made and where redundant operations would be consolidated.  We are in the
process of a global re-alignment program that is consolidating numerous
activities to Santa Rosa, CA for a variety of reasons, to include our direct
access to energy.

 If direct access is eliminated in California, JDS Uniphase management will
have
to re-assess and re-consider actions currently underway to consolidate
manufacturing from Rochester, NY; Ottawa, Canada; Dunfermline Fife, Scotland;
and San Jose, Ca to the Santa Rosa, CA site. Other locations on the East Coast
of the U.S., China, UK, etc. would have to be re-considered for these
consolidation activities.  Selfishly, we are asking you to retain direct
access
to keep jobs in California.  Philosophically, we believe the "right to choose"
is an American tradition and anyone concerned with the long-term health and
viability of the California economy would want to retain the direct access
option for California customers.   Thanks for your time and support.

Kenneth D. Pietrelli
Vice President of Corporate Services, TFPG, JDSU
2789 Northpoint Parkway
Santa Rosa, CA 95407
Phone 707 525-7520
Fax 707 525-7846


I met with Jeff Sprecher of the Intercontinental Exchange for almost an hour and a half and thought it would be a good idea to bring you up to speed on where they are heading.

1). We now have the complete API to them, but it is hooked up to their test environment. They will be sending us a contract to sign before they connect it to their production site. He assured me it will be the same contract that all the founders have to sign to get access to it. Esentially, if we trade or provide prices the API will be free; if we are voyeurs then we will have to pay for it.

2). He stated that charging commssion is not a denfensible business model. They will try to make their money through mid and back office services.

3). Their purchase of the IPE is directly related to implementing 2). his vision is to use the IPE infrastrucutre to make all derivative trades cleared and then use the FCM's to fulfill the back office movemment of funds tasks. In a nutshell he beleives the FCM's are all interconnected and used to moving money around for settlements and margins through the clearinghouse, so why not expand their role.

4). When I expressed some skepticism about 3). he asked if we would like to participate in a forum with other ICE members to discuss shared mid and back ofice services. I told him we would.

If anyone has any questions about this let me know.

AZ


Jordan,

Thanks.

Vince

	From:  Jordan Mintz                           01/10/2000 07:38 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Promotion

Vince: Just a short note to congratulate you on your well-deserved promotion.
Jordan


My proposal is simply that somewhere in the rate stabilization proposal the
following clarification should be added:

"The rate stabilization proposal applies only to the generation portion of
electric rates, and is not intended to alter or affect the PUC's authority to
determine the revenue requirement and rate structure for electricity
distribution and transmission functions subject to its ratemaking
jurisdiction."

____________________Reply Separator____________________
Subject:    Additional Efforts
Author: Evelyn Kahl Elsesser <eke@aelaw.com>
Date:       12/18/2000 4:55 PM

As discussed in today's call:

(1) We will have a conference call on Friday from 12:00 -3:00.  Delaney
will have provide a call-in number.

(2) Ann & Barbara will provide language on 1(d).

(3) Ann/John will outline language for three term-differentiated
portfolios (1, 3 & 5 year commitments) to which utility assets would be
fairly allocated.

(4) Barbara/Bill will revise the language on come/go rules in 2(d)(4).

(5) Ralph will provide language clarifying 3(b)(2) on rate stabilization
structure.

If I receive these provisions by Thursday morning, I'll circulate a
revised draft on Thursday afternoon to advance the discussions on
Friday.

Again, many thanks.

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Date: Mon, 18 Dec 2000 16:55:09 -0800
From: Evelyn Kahl Elsesser <eke@aelaw.com>
Subject: Additional Efforts
To: Keith McCrea <kmccrea@sablaw.com>,
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Here's my stab at the Product Long Description.

Sara - please review and offer your comments.

RAC - I need a Sigma Factor, please.

William - I have built a test Product in the Product Manager and it appears
to have worked okay. I have asked David Forster to review the description as
well as the attributes that I built in TEST. I will begin to build this in
Production once I have his and Sara's sign-off. David will also be checking
on the issue that I mentioned to you about the number of characters that can
be put in the Volume and Price feilds in the Stack Manager. This is the one
thing that could really hold up the process, so we may want to think about
alternatives (such as trading in 10,000 increments - so that 5 means 50,000;
50 means 500,000; etc)

Jennifer Denney will be contacting Clara Carrington to talk to her about how
Clara will see trades come over in the EOL Bridge Monitor.

Things are progessing relatively well so far, with the exception of the issue
of the character limitation.

Dale


A broker just sent me this today.  I am going to talk to him to get the details after trading.  Thought you would like to know.  Thanks.

John

"Here is the announcement: Reliant Energy Weather Risk Management Group has developed
Weather-sensitive Gas Load Indices ("WGLI"),  indices that measure national
or regional residential and commercial gas consumption during the heating
season. We believe the indices will provide valuable information for gas
traders as well as other market participants.  We plan to make a swap
market in the indices in the near future. We hope the WGLI swaps will
become a new financial tool to help you or your clients to better manage
their risks associated with the fluctuation of gas demand."


---------------------- Forwarded by Cara Semperger/PDX/ECT on 04/24/2001
03:00 PM ---------------------------

Cara Semperger
04/24/2001 02:52 PM
To: Portland Shift, Donald Robinson/PDX/ECT@ECT
cc:
Subject: Schedule cut at COB to run real time

Our upstream is Sempra, our Downstream is Mirant, it is a llh schedule that
was cut by 1 mw HE 4-6, 23-24.  Mirant is taking it to real time, and
Snohomish who is generating agrees with this.

Please call Mirant for the hours above to make sure everything is being
handled.  The path is marked in lotus notes with a cut symbol.

Cara


Mark,

I attach an e-mail which I have just received from the OMNLX setting out the
extent to which they have been able to agree our amendments to the IP
Licences.

Basically, they have agreed to everything, EXCEPT a limitation of liability
clause protecting us in the event of a breach of the OM Click Trade Agreement.

I do not see how they will move on this as this is the second time that they
have refused it ( they have agreed to put one in the OMNet Agreement however
- which is slightly perverse).

Anyway, you will see that they require Enron to sign these by Friday of this
week!!

If you can see your way to approving these documents - I think that we have
got 99 % of what we required and hence they are ok -- I can get the OMLX to
e-mail clean copies directly to you for signature.

I look forward to hearing from you.

Kind regards

Mark
---------------------- Forwarded by Mark Elliott/LON/ECT on 05/10/99 05:52 PM
---------------------------

Mark Elliott
05/10/99 05:48 PM
To: susan.gill@omgroup.com
cc:
Subject: Re: ENRON electronic agreements

Many thanks, Susan - I have forwarded these on to Legal Dept in Houston with
my recommendations.

I shall let you know when Houston Legal gives me their approval to the
documents so that you can e-mail them directly to Houston Legal.

Kind regards

Mark

	Enron Capital & Trade Resources Corp.

	From:  susan.gill@omgroup.com                           05/10/99 06:20 PM

To: melliott@enron.co.uk
cc: paul.scott@omgroup.com, knut.lillienau@omgroup.com,
peter.akesson@omgroup.com (bcc: Mark Elliott/LON/ECT)
Subject: ENRON electronic agreements

Dear Mark,

I have just heard from Stockholm. Please find attached the agreements marked
up
with the amendments in so far as we are able to agree to them. I think we have
been able to accomodate the principles behind your requested amendments
detailed
in your email of 30th April.

I understand that the line installation has been ordered for this Friday -
before the line can be installed I will need 2 signed copies of the OMnet
agreement returned. Please let me know re emailing the engrossments to you.

Many thanks

Susan

Click

(See attached file: Click NT Member .doc)(See attached file: fees click
member.doc)

OMnet

(See attached file: OMnet Agreement.doc)(See attached file: Fees omnet
Member.doc)

Side Agreement

(See attached file: Side Agreement.doc)

 - Click NT Member .doc
 - fees click member.doc
 - OMnet Agreement.doc
 - Fees omnet Member.doc
 - Side Agreement.doc


FYI - info on the recent lawsuit filed by the Oxygenated Fuels Association in
NY against the state's law banning MTBE.   I will forward information by fax
that includes more details and talking points from OFA.

Industry group challenges state's MTBE ban

by JOEL STASHENKO
Associated Press Writer

ALBANY, N.Y. (AP) - Charging the governor and state Legislature with
political pandering, an industry group said Wednesday it is challenging New
York's ban on the gasoline additive MTBE.

The Oxygenated Fuels Association said it filed a federal court suit Tuesday
in Albany calling for the first-in-the-nation state law phasing out the use
of MTBE by 2004 be declared invalid.

The association, an Arlington, Va.-based coalition of MTBE manufacturers,
said New York and every other state is prohibited from unilaterally imposing
regulations on the use of additives which are more stringent than those set
by Congress and the president in the Clean Air Act.

The state's MTBE ban is such a law, the suit argues.

Methyl tertiary-butyl ether increases oxygen in gasoline so it burns
''cleaner'' in combustion engines and reduces air pollution, but it has
increasingly been found in ground and surface water statewide. It is a
particular concern on Long Island because residents there depend on aquifers
for drinking water.

The additive must be in gasoline sold in high-smog parts of the state, which
encompasses most of the downstate New York region.
The Oxygenated Fuels Association also argued that since the reported
problems with MTBE are from leaking gasoline storage tanks, the solution is
to better enforce tank regulations in New York and not to ban the substance
from gas.

A spokeswoman for the state Department of Environmental Conservation,
Jennifer Post, said department lawyers hadn't reviewed the suit as of
Wednesday.

''We are confident of the legislation, which is necessary to protect public
health and safeguard water resources, and we will continue to fight for
federal action to ban MTBE and identify an acceptable alternative,'' Post
said.

Discussions of banning MTBE in New York elsewhere have ''been driven more by
politics and emotion than by sound science and we are counting on the courts
to put the issue back in perspective,'' said Thomas Adams, executive
director of the Oxygenated Fuels Association.

David Liddle, a spokesman for the association, said the intent of the Clean
Air Act was to allow a range of oxygenates - enabling cleaner-burning gas -
to be used and for the ''marketplace to decide'' which was superior.
If MTBE is banned, Liddle said, that would mean ethanol would be the only
real option left. He argued that ethanol is both more expensive than MTBE
and gas does not burn as cleanly using it.

''New York has unilaterally skewed the playing field and the result is
higher prices and dirtier air,'' he argued.

State environmental officials have said they are aware of about 1,700 MTBE
spills around New York state, although not all the spills have contaminated
water supplies.

MTBE was introduced starting in the late 1970s when the use of leaded
gasoline was banned, again because of health-related concerns.

In March, the Clinton administration moved to ban MTBE. That prohibition,
expected to take up to three years to implement, was a ''backstop measure''
in case Congress can't agree on a way to phase out MTBE, said Carol Browner,
administrator of the Environmental Protection Agency.

MTBE is believed by some scientists to be a cancer-causing agent in animals,
but its effect on humans is being debated. A University of California study
last year concluded that more research is needed on its health effects, but
it added that MTBE has the ''potential to cause cancer in humans.'' Some
researchers have suggested that the inhalation or intake of MTBE can also
trigger headaches, asthma or neurological damage


I have stranded all the transport to the border out of Keystone for the month of December.

The transport volumes that have been taken out are as follows:

	22,836 - Keystone  -->  Socal Ehrenburg

	11,418 - Keystone  -->  Socal Ehrenburg (this is the mexican de cobra deal).  Previously Mexican de Cobra was buying the gas from Texaco.  Starting in 					December, Mexican will have to find another supply for this gas.  They will no longer buy from Texaco.  Phil Polsky is talking with 					Mexican, and a deal will be entered into Sitara, once Mexican has found a supply.  So as of now, the 11,828 supply coming into Keystone 				for this deal is not in the system.

	3975 - Keystone  -->  Socal Topock


Phillip,

This section pertains to terminated employees who are paid out in the year following the termination event.  The way the tax law works, the tax basis for your share distribution will be based on the closing stock price the day preceding notification to the transfer agent.  As such, we will distribute net shares calculating the proper withholding at fair market value the day prior to notifying the transfer agent.  We will be distributing the shares reflected on your 9/30/01 statement (6,606 shares plus cash for fractional shares).  If you would prefer to settle the taxes with a personal check, we can distribute gross shares.  Please let me know you preference.

As you know, we are in the process of transferring recordkeeping services from NTRC to Hewitt.  As such, we have a CPA, Larry Lewis, working with us to audit and set up transition files.  He has become our department expert on the PSA account (much more knowledgeable than myself)  and the various plan provision amendments.  If you would like, we can set up a conference call with you, myself, and Larry to go over the payment methodology.  Please let me know a date and time that is convenient for you.

Thanks,

Renee

 -----Original Message-----
From: 	Allen, Phillip K.
Sent:	Thursday, November 01, 2001 8:26 AM
To:	Ratcliff, Renee
Subject:

Renee,

Thank you for digging in to the issue of Deferred Phantom Stock Units.  It is clear that the payment will be made in shares.  However, I still don't understand which date will be used to determine the value and calculate how many shares.  The plan document under VII.  Amount of Benefit Payments reads "The value of the shares, and resulting payment amount will be based on the closing price of Enron Corp. common stock on the January 1 before the date of payment, and such payment shall be made in shares of Enron Corp. common stock."  Can you help me interpret this statement and work through the numbers on my account.

Thank you,

Phillip Allen


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2000
11:34 AM ---------------------------

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/30/2000 09:34 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Jeff Skilling does MS150

Vince, thank you so much for your generous pledge.  Please make your check
payable to "National MS Society," and send it to me at EB5008A at your
convenience.  Thanks again, SRS

Vince J Kaminski@ECT
03/30/2000 09:02 AM
To: Sherri Sera/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Jeff Skilling does MS150

Sherri,

I can pledge $2 per mile.

Vince

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/29/2000 11:13 AM

To: J Mark Metts/NA/Enron@Enron, Dolores Fisher/NA/Enron@Enron, Jeffrey
Sherrick/Corp/Enron@Enron, Christina Grow/Corp/Enron@Enron, Kenneth
Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT,
Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Buy/HOU/ECT@ECT,
Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Derrick/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Peggy
Fowler/Enron@Gateway, Mark Frevert/LON/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Ken Harrison/Enron@Gateway, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko/Enron
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, Kurt S
Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Mark
Koenig/Corp/Enron@ENRON, Rebecca P Mark/HOU/AZURIX@AZURIX, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/HOU/ECT@ECT, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, John Sherriff/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, Brenda
Garza-Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcia
Manarin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Skarness/HOU/ECT@ECT,
Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Molly
Bobrow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosane
Fabozzi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Mary
Trosper/Enron@Gateway, Nicki Daw/LON/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Dolly Henrici/Enron@Gateway, Ann
Joyner/Corp/Enron@ENRON, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy Young/Enron
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Sherryl
Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary E
Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen McVicker/HOU/EES@EES,
Joannie Williamson/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@Enron, Marsha
Lindsey/HOU/AZURIX@AZURIX, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Karen
Owens/HOU/EES@EES, Dorothy Dalton/Enron Communications@Enron Communications,
Lauren Urquhart/LON/ECT@ECT, Pam Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Liz M Taylor/HOU/ECT@ECT, Judy G Smith@EES, Katherine Brown/Corp/Enron@ENRON,
Vanessa Groscrand/Corp/Enron@Enron, Cindy Olson/Corp/Enron@ENRON, Bobbie
Power/Corp/Enron@ENRON
cc: Danny McCarty/LON/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Michael
Kopper/HOU/ECT@ECT, John J Lavorato/CAL/ECT@ECT, Jere C Overdyke/HOU/ECT@ECT,
Greg Piper/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Richard
DiMichele/Enron Communications@Enron Communications, Jay
Fitzgerald/Corp/Enron@ENRON, Jim Fallon/HOU/ECT@ECT, Rebecca
Carter/Corp/Enron@ENRON, David Cox/Enron Communications@Enron Communications,
Tom Gros/Enron Communications@Enron Communications, Marty Sunde/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Jim Crowder/Enron Communications@Enron Communications,
Mary Ann Long/Enron Communications@Enron Communications, Charlene
Jackson/Corp/Enron@ENRON, Jeremy Blachman/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Michael Burke/Houston/Eott@Eott, John B
Echols/HOU/EES@EES, Gene Humphrey/HOU/ECT@ECT, Drew C Lynch/HOU/ECT@ECT,
Amanda K Martin/HOU/AZURIX@AZURIX, Ted Murphy/HOU/ECT@ECT, Mark
Palmer/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Berberian/Enron
Communications@Enron Communications, Scott Yeager/Enron Communications@Enron
Communications, Stephen Barth/Enron Communications@Enron Communications, John
Bloomer/Enron Communications@Enron Communications, Kenny Burroughs/Enron
Communications@Enron Communications, Kevin Garland/Enron Communications@Enron
Communications, John Griebling/Enron Communications@Enron Communications,
Kevin Howard/Enron Communications@Enron Communications, Kristina
Mordaunt/Enron Communications@Enron Communications, Everett Plante/Enron
Communications@Enron Communications, David Reece/Enron Communications@Enron
Communications, James Reece/Enron Communications@Enron Communications, Rex
Shelby/Enron Communications@Enron Communications, Claudia Johnson/Enron
Communications@Enron Communications, Kevin Kohnstamm/Enron
Communications@Enron Communications, Steve Luginbill/Enron
Communications@Enron Communications, Jean Mrha/Enron Communications@Enron
Communications, Brad Nebergall/Enron Communications@Enron Communications,
Raymond Bowen/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeff
Donahue/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Brian Redmond/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT
Subject: Jeff Skilling does MS150

Well, the bike is inspected, a few training rides have been made, and the
camping gear is being dusted off (yes, he is actually camping at the
fairgrounds in LaGrange!).  Now all our fearless leader (and incidentally,
the National Multiple Sclerosis Society's 2000 Man of the Year), Jeff
Skilling, needs is your help in raising money for MS.

Enron's MS150 Dream Team is bigger than some townships in these parts - over
350 Enron employees, led by Jeff, will ride from Houston to Austin under the
Enron Flag April 15-16, and the team's goal is to raise $350,000.  I am
challenging (is begging a better word?) each of you to pledge a certain
amount per mile - i.e., $1, $2, $5, it's your call.  I'll even give you a
break on the calculation and use 150 miles, even though Jeff swears it's
closer to 170 miles (you know how he is with numbers).  Of course, a flat
pledge is also appreciated.  And don't forget, Enron will match your pledge
to this very worthy cause 1-1.

I hope you will join the team and help Enron maintain its status as the top
money raiser of all MS150 rides in the NATION!  Thank you for your
consideration.  If you have any questions, please don't hesitate to call me.

Sherri x3-5984


Please see attached as promised by Peter Styles just now.


I know we don't do the bbq, but I would think about this...
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/04/2001 04:50
PM ---------------------------

lee.johnson@ss.ps.ge.com on 02/02/2001 01:31:44 PM
To: ben.f.jacoby@enron.com, mike.coleman@enron.com
cc: bruce.golden@enron.com, chris.booth@enron.com, kay.mann@enron.com

Subject: Rodeo BBQ invitation

Ben/Mike,

Please share this invite with the rest of the team that's been supporting
the N. America business with LM6000s and other GE Power Systems products.
I'll be there both nights.  Just have your folks just respond by e-mail so I
can get you the passes and tickets.

Thanks again for all your business,

Lee Johnson
713-803-0952

 <<BBQinvite_Enron.doc>>

 - BBQinvite_Enron.doc


Don,
I will get that to you by noon on Thursday.

Jeff

-----Original Message-----
From: Don.Baughman@enron.com [mailto:Don.Baughman@enron.com]
Sent: Wednesday, March 07, 2001 3:00 PM
To: jeff.maack@ipgdirect.com
Subject: Re: TradersNews

Jeff,

Trade ya.  Can you get me the Cinergy & CE indices on a spreadsheet from
inception to now?

I'm compiling that list of names for you right now.

Drop you a line later in the day.

Later,

Don
EPMI
713.853.0392


Concur Expense (XMS)
Common Questions

1.  Where can I find online documentation on Concur Expense?
Answer: Documentation on Concur Expense is stored in the ISC Document
Library.   Go to the following link:
http://isc.enron.com/site/doclibrary/user/default.asp  and click on the XMS -
Concur Expense folder on the left.

2. How can I sign up for Concur Expense training and how much does it cost?
Answer: Go to the following link:
http://iscedcenter.enron.com/docentlm/login.htm.  Log in using your Enron
email address.  Enter your birth date as the password in the following
format: MMDDYYYY.  Under the Courses section, select Concur Expense (XMS).
This will show the training schedule.  Click the Enroll button to sign up for
a class.  The cost is $250.

3. Will old XMS expense reports be converted to the new Concur Expense system?
Answer: No.  History data was not converted to the new system because of our
move to an Application Service Provider (ASP) solution for Concur Expense.

4. How can I view my old expense reports?
Answer: Call the ISC Customer Care group at 713-345-4727.  The ISC will be
responsible for printing out old expense reports and forwarding them to you.
Other options are being reviewed to allow you to view old expense reports.

5. Are there any Enron specific help instructions for Concur Expense?
Answer: Yes.  If you log into Concur Expense, you will see a link to Enron
Help on the Concur Expense home page under the Company Links section.  Also
you will see a button for Enron Help at the top of the screen when entering
expense reports.

6. Is Enron's Travel Policy available in Concur Expense?
Answer: Yes. If you log into Concur Expense, you will see a link to Travel
Policy on the Concur Expense home page under the Company Links section.  Also
you will see a button for Travel Policy at the very top of the screen when
entering expense reports

7. What if I am unable to see any of my credit card charges in Concur Expense?
Answer: Since there are a number of factors that could cause this problem, it
is best to call the ISC Customer Care group first.  The ISC will research the
problem and get back to you with an answer.

8. Does Concur Expense have a time-out feature?
Answer: Yes.  Concur Expense will automatically time out after 20 minutes of
inactivity.

9. How do I enter foreign currency into Concur Expense?
Answer: Go to the ISC Document Library described in #1 above.  Go to the XMS
- Concur Expense folder.  Next go to the Special Procedures folder and
following the directions stated in the document called Add a Foreign Currency
Expense to an Expense Report.

10. Are there any other sources to quickly get me started using Concur
Expense?
Answer: Yes.  Concur Expense provides a Quick Tour for new users.  Log into
Concur Expense and click the Help button in the top right corner of the
screen.  Then click the button labeled Quick Tour at the top of the help
screen.  The ISC intranet home page also contains some helpful information.
The following link summarizes some of the topics discussed above:
http://isc.dev.corp.enron.com/site/XMSchange.htm.

11. Can you quickly describe some of the internal changes in the new Concur
Expense system?
Answer:  There are minimal changes in the new upgrade.  Here is a list:
? The first screen only has one tab instead of two
? New expense types were added
? Attendees and approvers will now be printed on the expense reports
? Manager and receipt dunning notices will be sent out
? The statistical order and statistical WBS element fields have been
separated out

Please direct all other questions to the ISC Customer Care group at
713-345-4727.


This is a reminder !!!  If you haven't taken the time to update your GIS
information, please do so.  It is essential that this function be performed
as soon as possible. Please read the following memo sent to you a few days
ago and if you have any questions regarding this request, please feel free to
call Ted Bland @ 3-5275.

With Enron's rapid growth we need to maintain an ability to move employees
between operating companies and new ventures.  To do this it is essential to
have one process that will enable us to collect , update and retain employee
data.  In the spirit of One Enron, and building on the success of the
year-end Global VP/MD Performance Review Process, the  Enron VP/MD PRC
requests that all Enron Vice Presidents and Managing Directors update their
profiles. Current responsibilities, employment history, skills and education
need to be completed  via the HR Global Information System.  HRGIS is
accessible via the HRWEB home page on the intranet.  Just go to
hrweb.enron.com and look for the HRGIS link.  Or just type eglobal.enron.com
on the command line of your browser.

The target date by which to update these profiles is 7 July.  If you would
like to have a hard copy of a template that could be filled out and returned
for input, or If you need any assistance with the HRGIS application please
contact Kathy Schultea at x33841.

Your  timely response to this request is greatly appreciated.

Thanks,

Dave


did you get the invite to the super bowl party?


Hey Brian!  Good to hear from you - we are just sitting here watching our stock get killed AGAIN!!  Thanks for the pep talk last week - I certainly needed it.  Let me know next time you guys are out - maybe I can join in the fun!

Take care,
Kim

 -----Original Message-----
From: 	"Rudis, Brian D" <Brian_Rudis@AIMFUNDS.COM>@ENRON
Sent:	Tuesday, November 06, 2001 1:51 PM
To:	Ward, Kim S (Houston)
Subject:	Remember Me...

Hey Kim,

This is Elizabeth's friend from last Thursday.  I went out of town and this
is my first chance to say HI.  Had a good time the other night.  We should
all go have drinks again soon.  I hope your not AS down in the dumps.  Life
is too short for that.  Anyway, it was great meeting you.  Take Care.

Brian Rudis
Strategic Sales Director
800-337-4246 ext. 4787
www.aimfunds.com


Title: The Spanish Gas Auction: A Precedent for Europe?
URL(s):

http://www.cera.com/eprofile?u=35&m=2811;

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

A SMALL STEP FOR SPAIN, BUT AN IMPORTANT STEP FOR EUROPE

The recent auction of contract gas in Spain represents an early initiative both
to release gas from preexisting long-term contracts and to make it available to
aspiring market entrants. As such, CERA believes it could provide a precedent
for other European markets (and for their regulators) where release gas
programs have not so far been on the public agenda.

*  The Spanish gas release program, as currently devised, will have limited
impact on domestic competition. However, pressure will grow in Spain to extend
the program.

*  By setting a unique precedent across Continental Europe, Spain has signaled
a possible path for the reforms needed on the supply-side to complete the
European gas internal market.

*  The role of credit risk and sovereign guarantees will be critical in any
reallocation or renegotiation of long-term contracts.

**end**

Follow above URL for complete Insight (4 printed pages).

E-mail Category: Insight
CERA Knowledge Area(s): European Gas

***********************************************************************
**************************************************************************************
CERAWeek February 11-15, 2002 - http://www.cera.com/ceraweek

SPECIAL OFFER: Register on-line before November 30th, and a 2-Day Pass
will be upgraded to a 4-Day Pass (maximum $1,800 value).
Day 1: Global Oil/Refined Products;
Day 2: Natural Gas/Global Energy;
Day 3 & 4: Electric Power
**************************************************************************************

To make changes to your cera.com profile go to:
http://www.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


Please send me a copy of the memorialized points you created relative to Mr.
Stubley's brief training session.

Thanks
Bob Black
bobb@nepco.com
425-415-3157

-----Original Message-----
From: B-Mike Indivero
Sent: Friday, October 05, 2001 8:54 AM
To: 'Cash, Michelle'
Cc: B-David Lund; B-John Gillis; B-Bob Black; B-Galen Torneby; FLO-Mike
Croall; B-Mike Ranz
Subject: RE: lake worth project

Michelle,

I would appreciate it if you would call Mark and get the local counsel mater
resolved. ODNSS' recommendations/suggestions on a variety of matters and
their support activity for NEPCO over the last couple of years has been well
received and valued by our internal clients. Thanks.

Mike

-----Original Message-----
From: Cash, Michelle [mailto:Michelle.Cash@ENRON.com]
Sent: Thursday, October 04, 2001 7:49 PM
To: David.Lund@nepco.com@ENRON; Mike.Indivero@nepco.com
Cc: Galen.Torneby@nepco.com; Bob.Black@nepco.com; Gillis, John; Smith, Gary
Subject: RE: lake worth project

David,

For clarification, I was present during Mark Stubley's brief training
session over the phone.  I memorialized the key points in a summary email.
Let me know if you or anyone else would like a copy of it.

On the issue of Ogletree training, I had mentioned that it might be more
cost efficient to have someone in Florida conduct the training.  Mike had
indicated a preference to use Mark Stubley at Ogletree.  Of course, since
Mark has done it for us in the past, I am ok with him doing it as well.  I
just was looking at the outside expenditures, as we all have been doing
lately (particularly outside counsel bills), and thought that there may be
some cost savings.  In some circumstances, outside counsel who have to
travel cut their rates a bit for travel time (don't know if Stubley does
that), so the cost differential could be minimal, but I thought I'd raise it
since there are qualified attorneys in Florida who could assist in that
arena.

I'll give Mark a call to finalize the issue of local counsel, which I do not
believe to be significant.  Because Mark has contacted them, they already
have run a conflict check and are ready to go.  All it would take to get
them "engaged" would be a phone call.  There should not be any cost incurred
at this point, because they only are on standby, so I think it is good to
line them up.  I'll let you know if Jim Derrick has any issue with their
recommendation.  I also have received recommendations for top-notch local
labor counsel in Florida if we choose to go that route.

Let me know if you have any questions.

Michelle

-----Original Message-----
From: David.Lund@nepco.com@ENRON
Sent: Thu 10/4/2001 7:56 PM
To: Mike.Indivero@nepco.com
Cc: Galen.Torneby@nepco.com; Bob.Black@nepco.com; Gillis, John; Cash,
Michelle
Subject: RE: lake worth project

Mike,

I know of no hold up here.  I spoke to Michelle Cash and she had not

withheld or said different to retaining this counsel.  I would suggest that

you call Michelle (713-853-6401) anytime you have a concern with regard to

the progress of any labor and employment matter handled by outside or inside

counsel.  And if Stubley is concerned about who he would like to work with

in Florida, he is equally able to call Michelle and discuss it.

As for a review of the training on union avoidance by Ogletree Deakins, by

copy to Michelle, I'll ask for her input here.

I saw the correspondence from Mr. Fitzgerald regarding his meeting with the

Mayor of Lake Worth.  I interpret this as a public official saying what is

expected, neither favoring the picketers or us, just saying he will up-hold

the law.  We appreciate that.

David H. Lund, Jr.

Assistant General Counsel

National Energy Production Corporation

11831 North Creek Parkway N.

Bothell, WA 98011

425-415-3138

Fax: 425-415-3032

David.Lund@nepco.com or davidlu@nepco.com

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

                From:   B-Mike Indivero

                Sent:   Wednesday, October 03, 2001 2:28 PM

                To:     B-David Lund

                Cc:     B-Galen Torneby; B-Bob Black; B-John Gillis

                Subject:        FW: lake worth project

                David...fyi...thought this would have been resolved by

now...does our movement over to egs change the counsel we work with within

Enron?...hate to see us not have local counsel ready to go if/when

needed...setting this up is a minimal cost item...( by the way staff

training for union avoidance and preventing harassment conducted by odnss is

set up for 11/6)...suggestions/thoughts...let me know...thanks...Mike

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

                From: Stubley, Mark [ mailto:StubleMM@odnss.com
<mailto:StubleMM@odnss.com> ]

                Sent: Wednesday, October 03, 2001 12:36 PM

                To: 'Mike.Indivero@nepco.com'

                Subject: RE: lake worth project

                I forwarded our recommendation for local counsel to Michelle

Cash. She

                indicated that Enron might want to use another firm. In the

meantime, we

                will continue to use Cole Fitzgerald.  On September 24, I

copied you (as

                well as Michelle Cash and David Lund) on Cole's

correspondence concerning

                his meeting with the mayor of Lake Worth. So, his

connections should prove

                helpful.

                Lund has provided me a copy of NEPCO's subcontract. Our

review and comments

                should be complete by Friday.

                We conducted the quick, over-the-phone training for the

management team at

                Lake Worth approximately two weeks ago.  We agreed to

conduct on-site

                training when more of the project management team is present

at the site. No

                specific time is scheduled.

                We have not received a plat for the project. We have not

determined the gate

                setup. We have determined, however, that all construction

traffic and

                deliveries would use the southern gate, not the main gate to

the facility.

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

                From: Mike.Indivero@nepco.com

[ mailto:Mike.Indivero@nepco.com <mailto:Mike.Indivero@nepco.com> ]

                Sent: Wednesday, October 03, 2001 2:17 PM

                To: mark.stubley@odnss.com

                Cc: Galen.Torneby@nepco.com; Bob.Black@nepco.com;

                Gloria.Rivas@nepco.com; Mike.Croall@nepco.com;

rick.johnson@enron.com

                Subject: lake worth project

                mark...where are with possibly of obtaining local counsel

for the lake worth

                project?..have we reviewed the fence/gate issue and come to
some

                conclusions?...also what about the training we discussed?...

pls let me know

                ..thanks...mike

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

 - C.DTF


From CNN Web Site concerning Florida Secretary of  State Deadline.

In a morning news conference, Bob Crawford -- a Democratic member of the
Florida state canvassing commission, which is charged with certifying the
statewide vote count -- said there was no getting around the statute cited by
Harris.
"It is clear to me that the statute takes away any of my discretion as a
member of that commission to extend the deadline," Crawford said.

Mark Lay
Enron Investment Partners
333 Clay St., suite 3800
Houston, TX 77002
p 713-853-7408
f 713-345-7670


CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 01:00, 03:00, 06:00, and 10:00 -
13:00 in the May 16, 2001 Real-Time Market as well as the following hours
per ECA20001006B to verify prices:

PJM: 00:00 - 04:00, 12:00
OH:  12:00
HQ:  12:00
NE:  12:00

Prices in the May 17, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


Gerry, this is too cryptic for me -- what was decided?  I'd like to go to the
next meeting!  Thanks.  Michelle

Gerry Gibson@ENRON
10/06/2000 10:56 AM
To: Drew C Lynch/LON/ECT@ECT, Neil Davies/Corp/Enron@ENRON, Bruce Van
Cleve/HOU/EES@EES, Pam Butler/HR/Corp/Enron@ENRON, Robert
Jones/Corp/Enron@ENRON, Andrea Yowman/Corp/Enron@ENRON, Bob
Sparger/Corp/Enron@Enron, Michelle Cash/HOU/ECT@ECT, Mary
Joyce/HR/Corp/Enron@ENRON, Michael Feuerbacher/Corp/Enron@Enron, Felecia
Acevedo/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Tim
O'Rourke/Corp/Enron@Enron, Brian Schaffer/Corp/Enron@ENRON
cc: Hilda Bourgeois-Galloway/Corp/Enron@ENRON, Rhonna Palmer/HOU/ECT@ECT,
Rachael Adams/LON/ECT@ECT, Norma Yeverino/HR/Corp/Enron@ENRON
Subject: Org. Hierarchy Next Steps

Hello Folks:

I wanted to quickly follow-up with a note on the Next Steps we agreed to this
morning. We will distribute the balance of the meeting notes shortly. If I
missed anything in the translation, please let us know... Thanks, Gerry G.

Key Next Steps            Who / When

Solicit Cindy Olson's help lining up McKinsey Consultant's (Suzanne)
participation  David O. / 10-6

2. Convene small group that was present this morning and McKinsey      Gerry
G. / by 10-17
Consultant to further define philosophical direction and a high level snap
shot
of the new and improved organizational model

3. Present high level model to Cindy. Prepare her to run by Jeff S.     Team
/ by 10-27

4. Present to Jeff S. - make decision on go or no go       Cindy O by 11-1

5. If decision is a go - convene more comprehensive team meeting to further
define model  Team by 11-15
and implementation plan


Guys, I will forward the info as it becomes available.  There appears to be
one project in Texas and one in California which are well down the
development road.  If interested in these projects, which have to meet a
December 2001 COD in order to get the tax credit, I would suggest that we
purchase the development sites and turbines from Enron Wind and keep the
asset, commodity position, tax credit and possible green credits in ENA.
They are Ok with that strategy.  This is an opportuntity that needs to
fleshed out fairly quickly - Ben and Dave can you lead this analysis with
close contact with Doug and Tim on the desk.  We can get together to discuss
if you like.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/19/2000
08:48 AM ---------------------------

Michael Payne@ENRON_DEVELOPMENT
06/16/2000 07:40 PM
To: David W Delainey@ECT
cc: James L Noles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Adam Umanoff@ENRON,
Bob Gates
Subject: Wind Info/Cost to Build

Dave,

As requested, I have collect the following information for your review.  I
have sent two binders to your office for Monday morning delivery.  I am also
attaching the two models which correspond to the projects referenced below.

Table of Contents
1. Selected Company Information
 Including:
Business overview
Estimate wind resources by state
Discussion of industry drivers
Overview of the technology
Discussion of Project Development
2. Cost to build: Solano/SMUD California project
3. Cost to build: Sweetwater, TX project
4. Description of the Federal Production Tax Credit
5. Press Release on Northern Alternative Energy Gas-Wind Hybrid project
6. Summary of Renewable Portfolio Standards (state fuel mix mandates)
7. Summary of System Benefit Charges to be applied to renewable subsidies
8. Assorted Slides on Green Power Marketing, RPS, SBCs, etc.

Please don't hesitate to call with any questions.

Michael
6-9690


The contact information for the Mirant representatives at the governor's
meeting on 5-9 and for the conference calls is:

Randy Harrison
CEO--West Region
1155 Perimeter Center West, Suite 130
Atlanta, GA 30338
678-579-3610
randy.harrison@mirant.com

Tom Allen
Vice President, External Affairs--West Region
980 9th Street, Suite 2140
Sacramento, CA
916-498-3061
tom.allen@mirant.com

Sonnet Edmonds
Assistant General Counsel
1155 Perimeter Center West, Suite 130
Atlanta, GA 30338
678-579-5119
sonnet.edmonds@mirant.com

Mirant would like to participate in any working group that is formed.


-----Original Message-----
From: 	Chen, Hai
Sent:	Monday, October 22, 2001 8:55 AM
To:	Black, Tamara Jae
Subject:	Options Market Update
Importance:	High

T.J.,

Please forward the attached Option Market Update to traders and mid-marketers.  Thanks!

Hai


I spoke with Greg Healy of SoCalGas today regarding the revised offer Transwestern provided to SoCalGas before Christmas.  He said they have questions and requested a conference call early next week so that they can better understand our proposal and go forward.  I have tentatively scheduled the call for Tuesday, January 8, from 3-4 our time.   Greg indicated that it would be business people and their lawyer, Dave Gilmore.

Sharon, pls. set up a conference bridge number for us.  I was going to call Rick Miles to let him know about the status of our discussions.  He had called me after we sent SoCalGas the revised offer about wanting to know where we were.  Does anyone have a problem with me calling Rick??  Maria


Sounds good.  I let Eric know.  He's not sure if he will make it, but oh
well, I gave him the invite.

Are you still cranking away at work?  Kicking butt and taking names.

	bswaldrop@aol.com
	03/08/2001 10:41 AM

		 To: Gerald.Nemec@enron.com
		 cc:
		 Subject: FYI

Just to let you know...

The Happy Hour has been changed to Little Woodrows.  They think it might
rain.  Just wanted to let you know so that you could tell Eric.  Wouldn't
want them to be hanging out at the West Alabama Ice House and we never show
up!


I had spoken to Rod Clement, one of our opinions guys, about having a call
with you, but we hadn't gotten around to scheduling it. What is your
availability this afternoon? Both Rod and I are available.

>>> <Kay.Mann@enron.com> 06/05/01 06:25AM >>>
Wilson,

We are trying to finalize this transaction by next Tuesday, and I could
really use your help.  I believe you owe me a draft of an opinion letter?
Also, do you have any comments to the draft agreement I sent out last week?

I also need an opinion that the language in the agreement re the Cities
obligation to financially support MDEA is sufficient.

Thank you,

Kay


Please let me know if your supervisors are able to attend a meeting on Friday, October 19 at 4 pm CST regarding California contracts.

Dave Hensel
Vicki Sharp
Scott Gahn
Mike Smith
Andy Wu
Jim Steffees

Thank you
Xochitl-Alexis


Guys:  I changed the counterparty name on deal # Q04117

This deal was in the NG-Price book.  All I did was change the counterparty name. It was part of a list I received from Dianne Anderson.

If you have any issues with the change, let me know.

Thanks

Anne

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Thursday, July 05, 2001 12:44 PM
To:	Bike, Anne
Subject:	FW: Merrill / Allegheny

Anne, could you please swing one last deal from Merrill to Allegheny?  Q04117.1.  Thanks.

PS - We heard down here that you're getting a promotion. Congrats.  You deserve it.

 -----Original Message-----
From: 	Diane Anderson
Sent:	Wednesday, June 20, 2001 8:39 PM
To:	Anne Bike
Subject:	RE: Merrill / Allegheny

Thank you so much for all your help.  I spoke with Joe (Hunter), and he said
that it's OK for the names to be different between EOL and TAGG - I guess your
could put a "assignment/novation" type comment on those 2 deals.  I will
also tell Tana Jones (who probably already knows, since she did the assignment) -
she handles our EOL documentation issues.

Thanks again,
Diane

From:	Anne Bike/ENRON@enronXgate on 06/20/2001 02:21 PM
To:	Diane Anderson/NA/Enron@Enron
cc:

Subject:	RE: Merrill / Allegheny

Dianne:  I changed all of the deals you listed that were not already done.  My only question relates the last 2 EOL deals,  Deal #'s QP5025.1 and  QS8044.1.  I just want you to verify that it is OK to assign an EOL deal.  I will need to send EOL some type of decimation for their audit trails.

Here is the list of deal that I changed:

NB7639.1
NI5963.1
QP6244.1
NE1435.1
NN5441.1
QE5010.1
QE5020.1
QE5030.1

and the 2 EOL deals

QP5025.1
and  QS8044.1

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

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Wednesday, June 20, 2001 8:58 AM
To:	Bike, Anne
Subject:	RE: Merrill / Allegheny

Anne,

I'm not sure who can help me with this since Michelle no longer handles that book.  Would
you be able to either take care of this rebook, or direct me to the correct person?

Thanks,
Diane

---------------------- Forwarded by Diane Anderson/NA/Enron on 06/20/2001 08:56 AM ---------------------------
From:	Michelle Waldhauser/Enron@EUEnronXGate on 06/20/2001 08:40 AM GDT
To:	Diane Anderson/NA/Enron@Enron
cc:

Subject:	RE: Merrill / Allegheny

Diane-

Sorry but I'm not in Risk Management in Houston anymore. I'm not sure who is handling this book now.

Michelle

 -----Original Message-----
From: 	Anderson, Diane
Sent:	19 June 2001 19:35
To:	Scott, Susan; Waldhauser, Michelle; Walker, Chris; Kenne, Dawn C.; Frank, Carole; Kuykendall, Tori
Cc:	Stevens, Mechelle; Hunter, Larry Joe
Subject:	Merrill / Allegheny

The following deals were novated/assigned to Alleghany Energy Supply Company LLC from Merrill Lynch Capital Services Inc.
Would you please rebook as follows:

Susan		QA9189.1/2/3

Michelle 		NB7639.1

Dawn 		NI5963.1

Carole		QE4970.1

Tori		QP6244.1

Chris		NE1435.1
		NN5441.1
		QE5010.1
		QE5020.1
		QE5030.1

		and could you please look at QP5025.1, QS8044.1 also ....bridged over so no book
		admin specified.

Thanks.
Diane
3.0443


I just wanted to make sure you guys know everything I do.  Actually this is
somewhat bullish considering past legislative attempts.
---------------------- Forwarded by Stanley Horton/Corp/Enron on 05/24/2001
03:25 PM ---------------------------

Jeffrey Keeler
05/24/2001 12:52 PM
To: Stanley Horton/Corp/Enron@Enron, James Prentice/Enron@EnronXGate, Michael
Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, <Pat
Shortridge@erols.com>, Joe Hartsoe/Corp/Enron@ENRON, Marc
Phillips/OTS/Enron@ENRON, Jim Peterson/OTS/Enron@ENRON, Adam
Pollock/ENRON@enronXgate, Lisa Yoho/NA/Enron@Enron, Chris
Long/Corp/Enron@ENRON, Lisa Jacobson/ENRON@enronXgate
cc:

Subject: MTBE legislation

Today, Senators Bob Smith (R-NH) and Harry Reid (D-NV) will introduce an MTBE
bill. which is expected to be slightly different than we've seen in previous
Congresses.

We expect it to include:

1) a 4-year date certain to eliminate MTBE, with EPA determining the phaseout
schedule
2)  a lifting of the 2% oxygenate standard upon perfunctory petition by State
governors within 90 days from date of enactment
3)  and environmental "anti-backsliding" provision focused only on air-toxics
and using a 2000 baseline with a 27.5% percent standard (the way I understand
it right now, RFG must perform 27.5% better than 2000 baseline for
conventional gasoline)
4) provisions for MTBE producer "transition assistance"

Brief analysis:

We'll have more details shortly, but the bill looks a little better than
previous efforts.  A number of bills have been introduced this Congress, but
this will probably be the leading effort.

As you know, Enron has led efforts to include the "transition assistance"
piece -- which is still largely undefined in the legislation -- but we are
pleased with the inclusion of a "placeholder" while the Senate decides on the
best approach.  We will continue to lead the development of such incentives
(which will likely take the form of EPA/DOE funding for MTBE producers who
convert plants to produce iso-octane or alkylate).

An MTBE ban is of course not good, but a "date certain" gives producers more
flexibility to determine their options rather than reduce production under
several steps of a phase out.   Allowing states to get a waiver of the oxy
standard is probably a given in any legislation, but will face some
opposition from the ethanol community -- who just want a simple MTBE ban.

The anti-backsliding provision is still being refined, but looks fairly
lame.  We need more details to make an accurate assessment, but its likely
that environmental groups will want a bit more.

One political factor -- with Sen. Jim Jeffords leaving the Republican party,
Democrats will be given control of the Senate Environment Committee, which
will consider this bill.  They will likely allow Jeffords to chair the
committee.  The significance is that Sen. Bob Smith (R-NH) is the current
chair, and has been able to use that position to drive his past bills on MTBE
-- in losing the chairmanship, his legislation may face a longer road through
Committee.

I will keep you posted as the legislation evolves.

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


Thanks.  This is important to the troops!  Mark Haedicke

-----Original Message-----
From: Kitchen, Louise
Sent: Tue 2/5/2002 6:15 PM
To: St. Clair, Carol; Sager, Elizabeth; Hodge, Jeffrey T.; Cook, Mary; Hansen, Leslie; Bradford, William S.; Brackett, Debbie R.; Suttle, John; Taylor, Mark E (Legal); Koehler, Anne C.; Jones, Tana; Heard, Marie; Mcginnis, Stephanie; Conwell, Wendy; Fitzgerald, Genia; 'bryan.murtaugh@ubsw.com'; Sonnonstine, Max; Williams, Jason R (Credit); 'sanjeev.karkhanis@ubsw.com'; Sacks, Edward; Brown, Kortney
Cc: Haedicke, Mark E.; Calger, Christopher F.; Forster, David
Subject: Documents and Credit Terms

I just wanted to say thanks to all of you for your hard work in getting the documentation to the stage it is at today.  I know things have been very difficult but this is a huge step in moving us forward.  Unfortunately I do not see things getting much easier during our start-up months but I really do believe it will all be worth it and hopefully we'll have a lot of fun along the way.

The commercial team was extremely pleased to receive the documentation and has set off to deliver them to our new customers.

Thanks for your late and long hours.

Louise


Please be aware that there is an email circulating the Enron messaging environment !!!

The infected email has the following characteristics :
Subject :	Hi
Body :		Hi, I found a cool site! <web link> It's really cool!

An alternative version of the infected email also have an Excel spreadsheet attachment.

If you receive this email, DELETE it immediately. DO NOT CLICK ON THE WEB LINK. DO NOT LAUNCH THE EXCEL ATTACHMENT!

Please note that opening the email automatically via the "preview pane" does NOT launch the virus.

The Enron global messaging service has taken the necessary steps to ensure all internet email sent to your Enron internet address is virus free. But there are ways that you can ensure viruses do not make their way into our environment  :

Always ensure you do not launch attachments or web links received from people you do not know.

Always ensure that you do not access/launch/download any attachments from external (web-based) email service providers while you are using the Enron network.

Detection + Prevention = Protection!

Thank you.


Congratulations on the expanded role!!!!! Success continues to build
opportunities.  Hope everything is going well for you and the family.   Life
has been pretty hectic lately and I don't see it changing for a while.  My
family is doing very well.

If we don't get to chat, I hope you and your family have a great holiday (I
hate to say that but time goes by so fast.  For some reason I felt like
Halloween was October 15 this year, but I lost 2 weeks somewhere!!!!!!!!!).

Take care.

Scott Pleus
Enron Broadband Services
scott_pleus@enron.net
713-853-6577 Office
281-300-8286 Wireless
----- Forwarded by Scott Pleus/Enron Communications on 11/09/00 01:26 PM -----

	Ken Lay and Jeff Skilling@ENRON
	Sent by: Enron Announcements@ENRON
	11/08/00 04:59 PM

		 To: All Enron Worldwide
		 cc:
		 Subject: Organizational Changes

We are making a number of significant organizational changes.  These changes
are intended to accomplish four key objectives:

First, we need to realign all our wholesale businesses around the successful
business model developed over the last decade in North America and Europe.
This model relies on extensive physical and transactional networks built
around a relatively small strategic asset position.

Second, we need to significantly streamline corporate reporting
relationships.  Particularly with Joe Sutton,s departure, the ability to
directly manage the day-to-day activities of 15 independent business units
has become increasingly difficult.

Third, we need to accomplish these changes without, in any way, compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower-yielding
asset positions.

And fourth, as always, we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities.

ENRON WHOLESALE SERVICES

Today, we are forming Enron Wholesale Services (EWS) which will consolidate
our global wholesale businesses.  The closer alignment of our wholesale
businesses will accomplish the following: (1) enhanced communication and
coordination across business units, (2) more rapid deployment of people to
higher valued opportunities, (3) more effective prioritization of
opportunities across the wholesale business, and (4) more rapid extension of
Enron,s wholesale business model and capabilities into new industries and
markets.

Enron Wholesale Services will include our current North American, European
(including Japan and Australia), Global Markets, and Industrial Markets
operations, and will be expanded to include Enron,s Net Works business unit
as well as a new unit ) Enron Global Assets.  In addition, Enron,s merchant
businesses outside of North America and Europe will be integrated into this
new structure as described below.

Mark Frevert, currently Chairman of each of our wholesale units, will assume
the role of Chairman and CEO of Enron Wholesale Services.  Greg Whalley,
currently Chairman and CEO of Enron Net Works, will join Mark in the Office
of the Chairman as President and Chief Operating Officer.

Providing further impetus for these organizational changes, several of our
international business unit leaders have elected to move into new leadership
positions:

Rebecca McDonald, currently CEO of Enron APACHI, will join EWS as President
and CEO of Enron Global Assets. Enron Global Assets will have responsibility
for managing all of Enron,s existing energy asset portfolio outside of North
America and Europe.  Joining Rebecca in the Office of the Chairman as COO
will be Jim Hughes, currently COO of Enron APACHI.  Rebecca and Jim will
report to the EWS Office of the Chairman.

Sanjay Bhatnagar, currently CEO of Enron India, has joined EBS as CEO for the
Middle East and Asia region.  Sanjay will be responsible for building our
broadband business in this region and the current EBS team in this region
will report to Sanjay.  In this role, Sanjay will report to the EBS office of
the Chairman.  In addition, Sanjay will continue to remain responsible for
Enron,s wholesale energy business in India and will transition this business
into Enron Global Assets in the near future.

Diomedes Christodoulou, currently Co-CEO of Enron South America, has joined
EBS as Chief Commercial Officer.  Diomedes will be located in London and will
focus his origination activities on global opportunities, with near term
attention to the wholesale and enterprise sectors.  Diomedes will report to
the EBS Office of the Chairman.

Jim Bannantine, currently Co-CEO of Enron South America, will be joining EES
to lead EES, commercial efforts outside North America and Europe.  In order
to ensure a smooth transition for our South American businesses and to
facilitate our asset sales activities, Jim will remain in South America for
at least the next several months and continue to serve as CEO of Enron South
America.  Throughout the transition, Jim will report to Cliff Baxter and to
the Office of the Chairman of Enron Wholesale Services.  Following the
transition, Jim will join EES.

In addition to these changes in our international asset operations
activities, we are making the following changes in our merchant wholesale
businesses and the commercial support functions:

Enron Net Works
Louise Kitchen will assume Greg,s previous responsibilities as President and
CEO of Enron Net Works, reporting into Mark and Greg.

Enron Americas
Concurrent with the transfer to Enron Global Assets of responsibility for
operating Enron,s South and Central America asset base, all trading,
marketing, and new asset development activities in these regions will report
into a new entity, Enron Americas.  Enron Americas will have responsibility
for all wholesale merchant businesses across North, Central and South
America.  Dave Delainey, President and CEO, and John Lavorato, Chief
Operating Officer will comprise the Office of the Chairman for Enron
Americas.

Enron Europe
The Enron Europe organization, which includes Enron,s businesses in Australia
and Japan, and Enron Metals, remains unchanged under the leadership of John
Sherriff, President and CEO, and Michael Brown, Chief Operating Officer.

Enron Global Markets
Enron Global Markets, under the leadership of Mike McConnell, President and
CEO, and Jeff Shankman, Chief Operating Officer, will continue to have
responsibility for Enron,s Middle East and LNG operations.  With the
exception of Ecoelectrica in Puerto Rico, all operating power plants and
associated personnel in the Caribbean and Central America will transfer to
Enron Global Assets.  Enron Global Markets will also continue to manage the
commodity businesses in crude and products, coal, weather, insurance,
equities, interest rates, foreign exchange, and agricultural products.

Enron Industrial Markets
Enron Industrial Markets, organization, under the leadership of Jeff McMahon,
President & CEO, and Ray Bowen, Chief Operating Officer, remains unchanged.

Commercial Support for EWS
The commercial support functions for EWS will remain with, and be managed by,
the individual business units.  We are creating no incremental overhead in
the creation of EWS, and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across EWS.

To this end we have asked several people to take on an expanded role across
EWS in addition to their ongoing roles within their business units.  These
newly defined roles are as follows:

Mid and Back Office Operations ) Sally Beck will lead Mid and Back Office
Operations across EWS.  These services will become part of Enron Net Works,
with Sally reporting to Louise Kitchen and Rick Causey, Executive Vice
President and Chief Accounting Officer.  This alignment creates a coordinated
services organization with IT and e-commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services.  Mid and Back Office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and/or geographic locations.
Legal ) Mark Haedicke will serve in the role of General Counsel for EWS.
Regulatory and Government Affairs ) This function will remain organized on a
regional basis.  Rick Shapiro will support all EWS businesses operating in
the Americas, and Mark Schroeder, who is based in London, will support all
European and Eastern Hemisphere operations.  Rick and Mark will also continue
to support all other Enron businesses operating in their respective regions
and will continue to report to Steve Kean, Executive Vice President and Chief
of Staff.
Public Relations ) This function is also organized primarily on a regional
basis.  Eric Thode will have responsibility for North American activity,
Enron Net Works, and Enron Industrial Markets.  Jackie Gentle will continue
in her role for Enron Europe (including Japan and Australia) and John Ambler
will have responsibility for activity outside North America and Europe as
well as providing support for Enron Global Markets and Enron Global Assets.
These individuals will also continue to have a split reporting relationship
to Mark Palmer, Vice President of Communications.
Business Analysis and Reporting ) Wes Colwell will expand his role to cover
EWS reporting in addition to his current role in North America.

Attached for your review is an organization chart for Enron Wholesale
Services which summarizes the changes described here.  As this organization
continues to evolve we will keep you informed of any additional changes.

ENRON GLOBAL EXPLORATION AND PRODUCTION
AND ENRON WIND

 As part of our company-wide initiative to examine our assets and investments
around the world, we are considering a variety of options with respect to
EGEP and EWC.  As a consequence, we are putting these businesses under Cliff
Baxter,s direction.  Jeff Sherrick, CEO of EGEP, and Jim Noles, CEO of Enron
Wind, will report to Cliff.

CORPORATE STAFF

 We are consolidating the corporate staff functions: Human Resources,
Government Affairs, Public Relations/Communications and Administration.  In
that regard, Cindy Olson, Executive Vice President of Human Resources and
Community Relations, will report to Steve Kean, Executive Vice President and
Chief of Staff.

COMMITTEE STRUCTURE

 In light of the increased leadership opportunities created by Enron,s
growth, the Executive Committee will be expanded to include more of our
business unit leaders.  The primary role of this committee will continue to
be the communication of relevant information across Enron,s businesses and
the coordination of activities across those businesses.  We will also be
drawing on this group to lead company-wide initiatives such as the
performance review process and evaluation and creation of new businesses.
The Executive Committee membership is shown on the attached list.

 We are also forming a new committee ) the Enron Corporate Policy Committee.
This group will be responsible for overall corporate policy, personnel
management policy and corporate strategy.  The Enron Corporate Policy
Committee membership is also shown on the attached list.

 We are confident that these changes will align our talent and our capital to
our highest return opportunities.  Please join us in congratulating and
supporting all of these individuals in their new roles.


Exploratory BID price information, not for transaction purposes.

A. $35  Call On-Peak hourly 6/1/02-5/31/12:     $2.35kwm
B. $100  Call On Peak hourly 6/1/02-5/31/12 Summer Only (M,N,Q)  $2.49kwm
C. $25 Call Off-Peak hourly (M-F Only) 6/1/02-5/31/12:   $0.03kwm
D. $25 Call Off-Peak hourly 6/1/02-5/31/12:    $0.77kwm

Model Assumptions:
Enron Bid and ERCOT Bid Curves (5/18/00)
Bid Vol and Book Vol Smile
Hourly Calls

Garrett
39335


Notice No. 00-370
November 17, 2000

TO: ALL NYMEX AND COMEX DIVISION MEMBERS

FROM: Neal L. Wolkoff, Executive Vice President

DATE:  November 17, 2000

RE: Notice of CFTC Approval of Amendments to NYMEX Rule 6.21C and Related
Implementation of Electricity EFS Program
____________________________________________________________________

Please be advised that the CFTC has approved amendments to NYMEX Rule 6. 21C
("EXCHANGE OF FUTURES FOR, OR IN CONNECTION WITH, SWAP TRANSACTIONS FOR
FUTURES CONTRACTS TRADED ONLY ON VIA NYMEX ACCESS").  The amendments, which
are shown below, permit the exchange of futures for swaps ("EFS") for NYMEX
Division electricity futures contracts.  The EFS program for electricity
futures will go into effect on Monday, November 27, 2000.

 One change from the terms of the rule should be noted.  Rule 6.21C provides
for report of EFS transactions to be given to the Exchange "via NYMEX
ACCESS."  However, this functionality still needs to be added to NYMEX
ACCESS.  Therefore, the Exchange,s current procedures instead provide for
reporting EFS transactions to Exchange Floor Dept. staff located in the Late
Submissions Area on the NYMEX trading floor in the same manner as the
reporting of EFP transactions. Such reports of EFS transactions would be
subsequently disseminated to NYMEX ACCESS System Users through a bulletin
message sent via NYMEX ACCESS.

 As a reminder, it is necessary for market participants to comply with the
CFTC,s EFP-related reporting and recordkeeping regulations as if these
regulations applied to EFS transactions.  Specifically, the Exchange will
require:

1) Each Exchange member, futures commission merchant ("FCM"), and introducing
broker ("IB") to comply with the requirements of Commission Regulation
1.35(a) as if this regulation applied to EFS transactions and will further
require each Exchange member, FCM, and IB to provide the required records to
the Exchange for inspection upon request;

2) Each customer to comply with the requirements of Commission
Regulation1.35(a-2)(2) as if this regulation applied to EFS transactions and
will further require each customer to provide the required records to the
Exchange for inspection upon request;

3) Each Exchange clearing member, FCM, and foreign broker to comply with the
requirements of Commission Regulations 17.00(a)(1) and (2) as if these
regulations applied to EFS transactions, and NYMEX will further require each
Exchange clearing member, FCM, and foreign broker to file the required
records with the Exchange;

4) Each trader who holds or controls a reportable futures position to comply
with the requirements of Commission Regulation 18.05 as if this regulation
applied to EFS transactions, and NYMEX will further require each trader to
provide the required records to the Exchange for inspection upon request; and

5) Upon the request of the Commission, each FCM, IB, foreign broker, and
trader to comply with the requirements of Commission Regulations
24.03(e)(1)(iii) and (e)(2)(iv), and NYMEX will further require each FCM, IB,
foreign broker, and trader to file the required records at the place and
within the time frame specified by the Exchange.

  If you have any questions concerning the operation of this program, please
contact Rick Taibi, Assistant Director, NYMEX ACCESS Operations, NYMEX ACCESS
Department, at (212) 299-2677, or George Henderson, Vice President, Floor
Department, at (212) 299-2071.

APPROVED AMENDMENTS TO NYMEX RULE 6.21C

(Brackets indicate additions.)

Rule 6.21C.  EXCHANGE OF FUTURES FOR, OR IN CONNECTION WITH, SWAP
TRANSACTIONS FOR FUTURES CONTRACTS TRADED ONLY ON VIA NYMEX ACCESS

 (A) (1) An exchange of futures for, or in connection with, a swap (EFS)
consists of two discrete, but related, transactions; a swap transaction and a
futures transaction.  At the time such transaction is effected, the buyer and
seller of the futures must be, respectively, the seller and the buyer of the
swap.  The swap component shall involve the commodity underlying the futures
contract (or a derivative, by-product or related product of such commodity).
The quantity covered by the swap must be approximately equivalent to the
quantity covered by the futures contracts.  The swap component of an EFS
transaction must comply with the requirements of Commission Regulation Part
35 (Exemption of Swap Agreements).  The initial term of the pilot program
shall be three years from the effective date of this Rule 6.21C.

(2)The pilot program is available only to commercial market participants. For
purposes of this rule, a "commercial market participant" shall include a
person or entity that transacts business in the normal channels of commerce
in the cash commodity or related commodity underlying the EFS posted on the
Exchange and also shall include an entity that regularly maintains a book of
and acts as a dealer in swap transactions.

(B) The report of an EFS transaction involving a futures contract that is not
listed for trading on the Exchange trading floor and instead is listed for
trading only on NYMEX ACCESS shall be given to the Exchange via NYMEX ACCESS
during the hours of trading on NYMEX ACCESS for that futures contract.

(C) A report of such EFS transaction shall be submitted to the Exchange by
each Clearing Member representing the buyer and/or seller.  Such report shall
identify the EFS as made under this Rule and shall contain the following
information: a statement that the swap component of the EFS complied with the
requirements of Part 35 at the time the EFS was entered into between the
buyer and seller, a statement that the EFS has resulted or will result in a
change of payments or other such change, the kind and quantity of the
futures, the price at which the futures transaction is to be cleared, the
names of the Clearing Member(s) and customers and such other information as
the Exchange may require.  Such report (form) shall be submitted to the
Compliance Department by 12:00 p.m. New York time, no later than two (2)
Exchange business days after the day of posting the EFS via NYMEX ACCESS.

(D) Each buyer and seller must satisfy the Exchange, at its request, that the
transaction is a legitimate EFS transaction.  Upon the request of the
Exchange, all documentary evidence relating to the EFS, including a master
swap agreement and any supplements thereto, shall be obtained by the Clearing
Members from the buyer or seller and made available by the Clearing Members
for examination by the Exchange.

(E) A report of each EFS transaction shall be given and notice thereof shall
be posted on NYMEX ACCESS in the manner provided by the Exchange on the day
that the transaction thereto was made, or if such agreement was made after
the close of trading, then on the next business day.  EFS transactions shall
be cleared through the Exchange in accordance with normal procedures, shall
be clearly identified and marked in the same manner as EFP transactions, and
shall be recorded by the Exchange and by the Clearing Members involved.

(F) All omnibus accounts and foreign brokers shall submit a signed EFS
reporting agreement in the form prescribed by the Exchange to the Exchange's
Compliance Department.  Such Agreement shall provide that any omnibus account
or foreign broker identified by a Clearing Member (or another omnibus account
or foreign broker) as the buyer or seller of an EFS pursuant to Rule
6.21C(C), shall supply the name of its customer and such other information as
the Exchange may require.  Such information shall be submitted to the
Exchange_s Compliance Department by 12:00 p.m. New York time no later than
two (2) Exchange business days after the day of posting the EFS on the Floor
of the Exchange.  Failure by an omnibus account or foreign broker to submit
either the agreement or the particular EFS information to the Exchange may
result in a hearing by the Business Conduct Committee to limit, condition or
deny access of such omnibus account or foreign broker to the market.

(G) The Board  may, by resolution, authorize the posting of EFS transactions
in any or all of the
futures contracts specified below.

Futures Contract   EFS Reporting Deadline for Expiring Contract

Middle East Sour Crude Oil   An EFS is permitted in the expiring futures
contract  of the Middle East Sour Crude Oil futures contract at any time
before 12:00 p.m. New York time on the last business day of the contract
month, provided, however, that an EFS which establishes a futures position
for both the buyer and the seller shall not be permitted after the
termination of trading.

[ Electricity Futures   An EFS is permitted in an expiring electricity
futures contract at any time before 10:00 a.m. New York time on the first
business day following termination of trading in the applicable futures
contract month provided, however, that an EFS which establishes a futures
position for both the buyer and the seller shall not be permitted after the
termination of trading for that contract month.]

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

"http://208.206.41.61/email/email_log.cfm?useremail=mark.taylor@enron.com&refd
oc=(00-370)"

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


There are discussions ongoing today.  Karen Jones and Sheila are working it,
and I haven't seen a recent draft.  It should be ready by Friday.

Kay


Steve -

Just wanted to let you know things are progressing nicely on the Houston
Video.  Mark Palmer's group have given me support on the video copy and Beth
Stier has stayed in contact with the video company to ensure quality for us.

I will set up some time to go over the mock up with you later this week.

Hope all is well with you.

Traci

 -----Original Message-----
From:  Tara Osborn  [mailto:tara@nion-is.com]
Sent: Wednesday, April 04, 2001 6:11 PM
To: twarner@enron.com
Subject: Main menu mock

Traci,

Good morning. I have worked up a "mock" for the  main menu for the Houston
Project we are working on. This will come onto the  screen after the video,
you will us it to navigate to your custom page.

If you could please take a look at the mock at this
link:http://www.nionis.com/houston/index.htm

Please let me know your feedback.

Thank you,
Tara

Tara Osborn
Multimedia Developer
NION  Interactive Solutions
1301 Capital of Texas Highway Suite B-310
Austin,  Texas 78746
(512) 306-1442 ext. 106


The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/05/2001>, published as of 10/05/2001 is now available for viewing on the website.


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 05/12/2000 03:05 PM -----

	MWilson2@milbank.com
	05/12/2000 02:46 PM

		 To: sdwyer@enron.com, mabboudy@enron.com, aedgley@enron.com,
mevans@enron.com, plord@enron.com, baiken@enron.com, bglisan@enron.com,
mike.jakubik@enron.com, jbadillo@enron.com, jginty@enron.com,
donette.dewar@enron.com, alvaro.camarero@enron.com, sschard@enron.com,
dscott@dlj.com, rcabes@dlj.com, scott.sefton@enron.com,
carol.st.clair@enron.com, dhemsey@dlj.com, jball@dlj.com, pwoodbur@dlj.com,
rpiskadl@dlj.com, nora.dobin@enron.com, bherman@dlj.com,
melissa.p.allen@arthurandersen.com, cclementdavies@velaw.com,
jeldredge@velaw.com, smacgibbon@velaw.com, tchandler@velaw.com,
acurry@velaw.com, schimberg@velaw.com, mkidwell@velaw.com, awright@velaw.com,
eosterberg@velaw.com, mrh@mm-brig.mottmac.com, jl1@mm-brig.mottmac.com
		 cc: TSiebens@milbank.com, PFletcher@milbank.com, TDavis@milbank.com,
BKayle@milbank.com, LKeene@milbank.com, FKneip@milbank.com,
FPuleo@milbank.com, ERayner@milbank.com, AWalker@milbank.com,
JEveling@milbank.com
		 Subject: Project Margaux - Revised Document List and Transaction Diagram

Attached is a document list and diagram reflecting the current structure.

Regards,

Melanie Wilson Salinas
Milbank, Tweed, Hadley & McCloy
Dashwood House
69 Old Broad Street
London? EC2M 1QS
ph.:? 020 7448 3022
fax:? 020 7448 3029
email:? mwilson2@milbank.com

 <<document list.doc>>  <<Clean Diagram.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - document list.doc
 - Clean Diagram.doc


Vince,

as promised, these are a couple of references that I have for Joe McCauley's
papers.

http://www.unifr.ch/econophysics/comments/nov_99/is_econometrics.html

http://www.unifr.ch/econophysics/comments/nov_99/paper_of_the_month_dec.html

Whether the specific papers are of interest to what exactly we're doing or
not, I cannot say.  On the other hand, given UH's drive to create an
"Econophysics" specialization within the physics department, I thought we
could both help them *and* drive it towards a direction that it could be of
use to us.  I think that they would very much like to hear what the Industry
would like to see from such a specialization.  Some of the things that have
been discussed as course offerings would be:
Basic physics courses (mechanics, nonlinear dynamics, stat. physics,math
methods)
various finance courses like options, banking, etc.
Statistics, Math Methods, and Statistical Physics (that could teach topics
like BRownian motion, lognormal distributions, fractals,  Levy flights, and
statistics of 'large deviations', which are of interest
Comp Science (Java, C++, data structures, algorithms)
Monte Carlo simulations
etc
Setting up some sort of exchange, where at minimum we could get summer
interns from this program, would also be beneficial to both sides.  Even
better, a wider collaboration between Enron and the Physics department could
be set up.

After this message,
I will inform Joe McCauley and Larry Pinsky (departmental chair person) of
your suggestions on how to proceed.
I will send Shirley their contact information to arrange for a visit at the
beginning of June.

Thanks,

Yannis


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Editor's Note: Yesterday's IssueAlert incorrectly identified Las Cruces as
the town used  for an energy management pilot project. The correct town is
Laredo,  Texas.

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IssueAlert for  February 20, 2001

Florida Study Recommends Wholesale Deregulation

by Will McNamara
Director, Electric Industry Analysis

Florida's political and business leaders moved cautiously toward deregulating
the state's electric industry in a move last week, while vowing to avoid
problems such as those in California. Florida's Energy 2020 Study Commission
unanimously recommended that the Florida Legislature consider deregulating
wholesale electricity. The move could spark construction of a number of power
plants in the state.

Analysis: Florida Gov. Jeb Bush created the Energy 2020 Study Commission with
the intent of submitting an initial deregulation proposal for consideration
in this spring's legislative session. Florida's energy market represents a
$13 billion industry, so obviously there has been great interest on the part
of new energy suppliers that want to begin serving the state.

Florida continues to move slowly toward deregulation across all levels.
Competition on the retail side may take several more years, especially as the
California crisis is causing many states to adopt a more cautious approach to
removing state regulations. The commission's recommendation to initiate
deregulation on the wholesale side is considered a small step toward reaching
the ultimate goal of total deregulation in the state.

Specifically, the commission has endorsed a plan that would allow
out-of-state companies to build new merchant power plants in Florida and sell
wholesale electricity to the state's utilities. Florida law forbids
out-of-state electric utility companies from providing year-round service to
utilities and customers, but merchant plants can provide backup service to
existing utilities when energy reserves are stretched thin, to avoid power
outages and rolling brownouts. Also under the commission's plan, in-state
utilities would also be allowed to sell their regulated plants at depreciated
values to affiliated companies that would compete head-to-head on the
wholesale market. In addition, the state's utilities could engage in
long-term power contracts with suppliers instead of relying on the open
market (a major difference from California's original plan), and state
regulators would still review all wholesale contract prices. The commission's
plan must still be approved by the Florida Legislature, and the commission
readily admits that approval may not be easily obtained due to the ongoing
crisis in California.

At the present time, no official start date for electric competition in
Florida has been announced. The state's "go slow" approach is characteristic
of other Southeastern U.S. states, many of which continue to enjoy
comparatively low electric rates. Florida's renewed interest in deregulation
is being driven by the belief among several commission members and other
officials that competition eventually will result in lower rates for
consumers. Or, at the very least, competition should prevent rates from
continuing to increase as they reportedly would under a regulated structure.
The commission's plan also is intended to prevent power supply problems in
Florida similar to those in California, by allowing for new generation to be
built in the state by external companies. Florida law requires power
companies to hold 20 percent of their power supplies in reserve to that they
can handle periods of extreme usage. However, both the commission's chair and
Gov. Bush have suggested that Florida will face a shortage of electricity in
the next decade unless out-of-state companies build new plants.

Consumer groups and municipal electric providers have resisted the
commission's recommendation. In general, such groups fear that deregulating
Florida's wholesale market would lead to higher electricity bills since big
utilities in the state would be allowed to earn higher profits that may or
may not result in benefits for consumers. In fact, the Florida Municipal
Electric Association recently argued that annual electricity prices in
Florida would rise by between $700 million and $1.6 billion if the
commission's plan to initiate wholesale deregulation is approved. In
addition, Florida's utilities have been rather effective in persuading state
officials to move slowly toward deregulation, perhaps out of concern about
losing their monopoly status. Walter Revell, the chairman of the Energy 2020
Study Commission, denied that the group is considering any plan that would be
partial to the state's largest investor-owned utilities, which include
Florida Power & Light, Tampa Electric, Florida Power Corp. and Gulf Power.

The commission's recommendation supports what is already a fast-growing
wholesale business in the state of Florida, with outside power companies such
as Duke, Enron, Calpine Corp. and others aggressively trying to penetrate the
state and gain a foothold for when deregulation emerges in full force. Such
power suppliers may be accurately surmising that Florida is headed toward a
supply / demand imbalance, as has occurred in California. An imbalance of
this sort would offer competitive opportunities for power suppliers in the
state. According to a report in the St. Petersburg Times, merchant power
companies have announced plans to build some 20 plants across Florida just
over the last year or so. However, the article stated that the Florida's big
utility companies still have enough clout to block any plant proposal.

For instance, Florida Power, Florida Power & Light and Tampa Electric joined
forces last year to block Duke Energy from constructing a plant near Daytona
Beach. Yet, Duke pushes forward and recently said that it would revive plans
to build a merchant plant in New Smyrna Beach, Fla. Duke's plans to build the
plant had previously been blocked by a Florida Supreme Court ruling that such
plants were prohibited under state law.

Enron unveiled plans for two "peaker" plants in Pompano and Deerfield Beach,
Fla., several weeks ago. Construction on both sites is pending city and state
environmental department approval, but Enron hopes to have both 500 MW
facilities running by summer 2002.  Enron expects the Department of
Environmental Protection to license each peaker plant for 125 days each year,
with roughly 83 days powered by natural gas and the rest by oil. Enron is
also in the preliminary stages of planning a 90-mile liquefied natural gas
(LNG) pipeline between the Bahamas and Port Everglades, Fla. The company has
an option on a 90-acre site in the harbor of Grand Bahamas Island, where it
hopes to build a conversion and treatment terminal for LNG.

Calpine received approval to build a 529-MW natural gas-fired plant to supply
electricity to Seminole Electric Cooperative. The plant will be part of the
proposed Osprey Energy Center in Aurburndale, Fla., next to an existing
Calpine 150-MW cogeneration plant. According to Calpine, beginning in June
2003, Seminole Electric Cooperative will distribute electricity from Osprey
for 17 years to 10 member electric cooperatives.

Reliant Energy is also finding its own way to penetrate the new openings into
the Florida market. Just last week, Reliant Energy Services, an unregulated
wholesale power subsidiary of Reliant Energy, announced that it has entered
into agreements with affiliates of El Paso Energy Corp. to purchase future
supplies of power from several new facilities to be built in Florida. Under
the tolling agreements, Reliant Energy Services has secured the right to
utilize and dispatch electric generating capacity totaling approximately
1,100 MW. The electricity will be generated by two new natural-gas fired
simple-cycle peaking plants, to be owned by El Paso Energy, that will be
located in Pasco and Hardee counties. The new plants are scheduled to be
completed by the spring and summer of 2002.

These are just a few examples of the many companies that plan to take
competitive advantage of the anticipated opening of Florida's market. While
Florida clearly has no plan to open deregulation on the consumer level any
time soon, competition in the state does appear to be gaining momentum, at
least on the wholesale level. Of course, the commission's plan has not yet
been fully approved by the Florida Legislature, and critics claim that the
state's big utilities still wield a great deal of influence over the extent
to which competing power suppliers will be allowed to participate in the
state's market. There are many debatable nuances within the Florida
commission's plan. Yet, one positive thing is that Florida does appear to be
making valuable steps to increase its own power supply, addressing a problem
that many have accused California of ignoring. Having learned the lesson from
California, Florida seemingly acknowledges that there is simply no guarantee
that power will be readily available at tolerable price levels on the open
market. Thus, this plan to increase the availability of power supply within
the state through increased merchant plants seems to be a prudent approach.

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