---------------------- Forwarded by Kay Mann/Corp/Enron on 01/04/2001 01:42
PM ---------------------------

Heather Kroll@ECT
01/04/2001 01:29 PM
To: Ozzie Pagan/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Chris
Gaffney/TOR/ECT@ECT, LWilliams@houstonzoo.org
cc:

Subject: FW: Drinking quotes...

---------------------- Forwarded by Heather Kroll/HOU/ECT on 01/04/2001 01:30
PM ---------------------------

"O'Brien, Karen [IBD]" <karen.obrien@ssmb.com> on 01/04/2001 01:11:37 PM
To: "'christine oliviero'" <christine.oliviero@chamnessrelocation.com>,
"Androwski, Eileen P [CORP]" <eileen.p.androwski@ssmb.com>, "'heather'"
<hkroll@enron.com>, "'kerry heyburn'" <kheyburn@edificerex.com>, "'Lori'"
<CFICARE32@aol.com>, "Scandiffio, Sandra [IBD]" <sandra.scandiffio@ssmb.com>,
"'Susan'" <sjsfarkle@aol.com>
cc:
Subject: FW: Drinking quotes...

> -----Original Message-----
> From: Daza, Monica [EQTY]
> Sent: Thursday, January 04, 2001 10:03 AM
> To: Sanchez, Zoraida [EQTY]; Sprau, Katina [EQTY]; O'Brien, Karen [IBD];
> Masone, Theresa
> Subject: Drinking quotes...
>
> Drinking quotes
> >
> > I feel sorry for people who don't drink. When they wake up in the
> morning,
> > that's as good as they're going to feel all day.
> > -Frank Sinatra
> >
> > An intelligent man is sometimes forced to be drunk to spend time with
> his
> > fools.
> > -Ernest Hemingway
> >
> > Always do sober what you said you'd do drunk. That will teach you to
> keep
> > your mouth shut.
> > -Ernest Hemingway
> >
> > Time is never wasted when you're wasted all the time.
> > -Catherine Zandonella
> >
> > Non-Drinker: a weak person who yields to the temptation of denying
> himself
> > a pleasure.
> > -Ambrose Bierce
> >
> > Reality is an illusion that occurs due to lack of alcohol.
> > -Anonymous
> >
> > A woman drove me to drink and I didn't even have the decency to thank
> her.
> >
> >
> > What contemptible scoundrel has stolen the cork to my lunch?
> > -W.C. Fields
> >
> > When I read about the evils of drinking, I gave up reading.
> > -Henny Youngman
> >
> > Life is a waste of time, time is a waste of life, so get wasted all of
> the
> > time and have the time of your life.
> > - Michelle Mastrolacasa
> >
> > 24 hours in a day, 24 beers in a case. Coincidence?
> > -Stephen Wright
> >
> > When we drink, we get drunk. When we get drunk, we fall asleep.
> > When we fall asleep, we commit no sin. When we commit no sin, we go to
> > heaven. Sooooo, let's all get drunk, and go to heaven...
> > -Brian O'Rourke
> >
> > You can't be a real country unless you have a beer and an airline - it
> > helps if you have some kind of a football team, or some nuclear weapons,
> but at
> > the very least you need a beer.
> > -Frank Zappa
> >
> > Always remember that I have taken more out of alcohol than alcohol has
> > taken out of me.
> > -Winston Churchill
> >
> > Beer is proof that God loves us and wants us to be happy.
> > -Benjamin Franklin
> >
> > If you ever reach total enlightenment while drinking beer, I bet it
> makes
> > beer shoot out your nose.
> > -Deep Thought, Jack Handy
> >
> > Without question, the greatest invention in the history of mankind is
> > beer.
> > Oh, I grant you that the wheel was also a fine invention, but the wheel
> > does not go nearly as well with pizza.
> > -Dave Barry
> >
> > The problem with the world is that everyone is a few drinks behind.
> > -Humphrey Bogart
> >
> > Give me a woman who loves beer and I will conquer the world.
> > -Kaiser Wilhelm
> >
> > I would kill everyone in this room for a drop of sweet beer.
> > -Homer Simpson
> >
> > Not all chemicals are bad. Without chemicals such as hydrogen and
> oxygen,
> > for example, there would be no way to make water, a vital ingredient in
> beer.
> > -Dave Barry
> >
> > All right, brain, I don't like you and you don't like me - so let's just
> > do this and I'll get back to killing you with beer.
> > -Homer Simpson
> >
> > If I had a nickel for every beer I've bought; I'd buy more
> > - Priscilla Marsh
> >
> > Sir, if you were my husband, I would poison your drink.
> > -Lady Astor to Winston Churchill
> > Madam, if you were my wife, I would drink it.
> > -His reply
> >
> > Work is the curse of the drinking class.
> > -Oscar Wilde
> >
> > People who drink light beer don't like the taste of beer; they just like
> > to pee a lot.
> > -Capital Brewery, Middleton, WI
> >
> > I drink to make other people interesting.
> > -George Jean Nathan
> >
> > They who drink beer will think beer.
> > -Washington Irving
> >
> > You're not drunk if you can lie on the floor without holding on.
> > -Dean Martin
>
>


Justin,

Thank you.

I have your questions. I will get back to you ASAP.

All the best,

Ned

>>> <Justin.Boyd@enron.com> 09/25/00 06:03pm >>>
Ken, Ned,

Thank you both for your written advice concerning the marketing of LME
registered contracts   I would be grateful if you could both answer the
following additional questions:

1.  Can Enron Metals Ltd market LME Contracts to the 40 or so existing US
customers of MG London Inc.(as well as, of course, new US customers)?

2.  So far as marketing by Enron Metals Ltd is concerned, do all written
marketing materials (e.g letters, faxes, brochures, fliers and mailshots)
need explicitly to be sent in the name of Enron Metals Ltd?  Alternatively,
is it possible for such materials to be sent under the cover of EnronOnline
but with a footer appearing on such materials referring to Enron Metals Ltd
(e.g."Enron Metals Ltd is SFA registered")?

3.  In the context again of marketing by Enron Metals Ltd. - and I have
assumed your answer will be in the negative - would any group relief be
available, given that Enron Metals Ltd is part of the Enron group of
companies of which EnronOnline forms part?

4.  Although I am sure you have already confirmed this, can you once again
confirm that Enron Metals Ltd is free to market LME contracts to new US,
whether MG London Inc. do so as well?

5.  In terms of marketing activities conducted by telephone or fax with US
customers, I assume that this may only be carried out only by employees of
Enron Metals Ltd or MG London Inc. (as applicable)?

Thanks.
Justin


Attached is the latest detail on those shippers that we have not received payment for our November, 2001 Reservation invoices.  If you have any questions, please let me know.

Thanks,

Raetta

 -----Original Message-----
From: 	Zadow, Raetta
Sent:	Thursday, December 20, 2001 3:13 PM
To:	Dietz, Rick
Cc:	Zadow, Raetta
Subject:	November Reservation Invoices

Rick, just wanted to let you know that the balance left to collect for our Reservation invoices as of right now is $371,134.43.   I have Renee in my office right now and she has the wire information for MidAmerican - the total that we need to send them for A/R and OBA is $1,762,907.66 which will need to go out on 12/26/2001. If you need anything else, please let me know.

Thanks,

Raetta


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/07/2000
06:18 PM ---------------------------

"SmartPortfolio.Com" <admin_update@smartportfolio.com> on 01/07/2000 04:58:17
PM
Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com>
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: SmartPortfolio.Com Update: Markets Rally, Dow Hits Record High

The following is a FREE service brought to you by SmartPortfolio.Com,
located on the Web at http://www.smartportfolio.com
AOL users click here

Update January 7, 2000

Friday's Market Update: Markets Rally, Dow Hits Record High

 1. Friday's Market Action
 2. Internet and Tech Stocks
 3. Notable Earnings Announcements
 4. Notable Upgrades and Downgrades
 5. Stock Splits
 6. IPO Commentary
 7. IPO Calendar

************************Advertisement****************************

JDS Uniphase (Nasdaq:JDSU) Up 30 3/16 to 179 15/16 Today!

JDS Uniphase soars over 20% -- a recent issue of the Smart!Splits
Report identified this stock as a good post-split performer when
it traded in the 160s.  Even after a volatile week this stock
continues to power ahead.  To learn more about possible upcoming
stock splits and how you can profit in today's market, subscribe
to a FREE 2-week trial to the Smart!Splits Report by visiting:
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AOL users click
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*****************************************************************

1.  Friday's Market Action

                        $ Change   % Change      Close
Dow Jones Industrials     +269.30     +2.39%   11522.56
S&P 500                    +32.43     +2.31%    1435.88
Nasdaq                    +155.39     +4.17%    3882.52
Internet Stock Index       +52.41     +6.76%     827.88

The Dow climbed to another record high while the Nasdaq racked up its
biggest point gain ever to rebound at the end of a week characterized
by extreme volatility.

Lucent Technologies (NYSE:LU) sparked today's Nasdaq rally and
simultaneously made history, becoming the most heavily traded stock in
a single session ever on the NYSE.  Shares of Lucent gained 1 3/4
(+3.37%) from Thursday's after-hours plunge following the warning
issued by the company after Thursday's markets closed that profits for
the world's largest telecommunications equipment maker would not meet
analyst expectations.  The announcement by Lucent, which was considered
a company-specific issue, propelled the stocks of its rivals in the
competitive telecommunications equipment market.  Shares of Nortel
Networks (NYSE:NT), a leading global supplier of telephone network
services, jumped 26.30% (up 20 1/4) to 97 1/4, while shares of
networking leader Cisco Systems (Nasdaq:CSCO) closed up 5 7/8 (+5.88%)
to 105 7/8.  Other telecom equipment stocks also advanced, with JDS
Uniphase (Nasdaq:JDSU) jumping 20.16% (up 30 1/16) to 179 15/16 , Ciena
Corp. (Nasdaq:CIEN) closing up 25.89% (up 11 7/8) to 57 3/4, and
Tellabs (Nasdaq:TLAB) rising 2 1/4 (+3.53%) to 66 1/16.

Today's market rebounds were bolstered by positive economic news, as
the Labor Department reported that the December jobless rate held firm
at 4.1% and that December's growth of U.S. jobs outside the farm sector
was the largest in five months.  While the announcement was a sign of
the continued strong economy, it also set the stage for increased fear
among investors that the Fed will raise interest rates when it meets in
early February.  The Fed has indicated that it is closely monitoring
the job market as it considers whether to raise interest rates in an
effort to cool the booming economy.

Contributing to today's market gains was a resurgent drug sector, with
Dow component Merck (NYSE:MRK) up 6 9/16 (+9.60%) to 74 15/16, Eli
Lilly (NYSE:LLY) gaining 4 13/16 (+7.27%) to 71, Schering Plough
(NYSE:SGP) moving up 5 1/16 (+11.79%) to 48, and Pharmacia & Upjohn
(NYSE:PNU) rising 2 11/16 (+5.69%) to 49 15/16.

Biotechs also performed well today with Amgen (Nasdaq:AMGN) gaining 6
7/8 (+11.25%) to 68, Biogen (Nasdaq:BGEN) rising 1 7/16 (+1.92%) to 76
3/8, Genentech (NYSE:DNA) up 8 7/8 (+6.93%) to 136 7/8, Immunex
(Nasdaq:IMNX) rising 9 7/16 (+10.42%) to 100.

Wal-Mart Stores (NYSE:WMT), the world's largest retailer, announced
that it will team up with Silicon Valley venture-capital firm Accel
Partners to form an Internet company, to be called Wal-Mart.com, which
is expected to enhance the giant retailer's Web site and bring more of
its shoppers online.  The partnership is also seen as a larger sign of
the move by leading retailers worldwide to become major players in the
competitive e-tail (online retail) market.  Investors reacted favorably
to the news, anticipating a major IPO of Wal-Mart.com in the future,
which sent shares of the Dow component rose 4 13/16 (+7.56%) to 68 1/2.
Meanwhile, shares of e-tailers performed well, with Amazon.com
(Nasdaq:AMZN) rising 4 (+6.10%) to 69 9/16, barnesandnoble.com
(Nasdaq:BNBN) gaining 1 9/16 (+10.55%) to 16 3/8, and CDnow
(Nasdaq:CDNW) edging up 9/16 (+5.81%) to 10 1/4, although E-toys
(Nasdaq:ETYS) dropped 1 15/16 (-8.24%) to 21 9/16.

Other big movers on the Dow helped drive the markets upward, with
Proctor & Gamble (NYSE:PG) rising 8 5/8 (+8.00%) to 116 1/2, General
Electric (NYSE:GE) closing up 5 21/64 (+3.66%) to 151, Johnson &
Johnson (NYSE:JNJ) gaining 3 3/16 (+3.44%) to 95 3/4, Coca-Cola
(NYSE:KO) rising 3 3/4 (+6.58%) to 60 3/4, and Honeywell (NYSE:HON)
closing up 3 (+5.36%) to 59.

2. Internet and Tech Stocks

For a FREE trial to SmartPortfolio.Com's in-depth analysis of selected
Internet stocks, please visit:  http://www.smartportfolio.com/freetrial
AOL users click
here

While telecom stocks helped drive the Nasdaq higher, telecom investors
were buzzing over the threat by Federal Communications Commission
Chairman William Kennard that regulatory action would be forthcoming if
the cable television industry and consumer electronics manufacturers
fail to resolve a standards dispute that is holding up the availability
of digital TV sets.  The parties have yet to reach an agreement over an
interface that would allow cable shows to appear on sets while
protecting the programs from being illegally copied.  Telecom stocks
came in with mixed results, as #1 U.S. long-distance carrier AT&T
(NYSE:T) rose 1 (+2.08%) to 49, Sprint Group (NYSE:FON) gained 9/16
(+0.89%) to 63 15/16, Winstar Communications (Nasdaq:WCII) closed up 1
1/2 (+2.21%) to 69 1/4, while Covad Communications (Nasdaq:COVD) fell 1
21/32 (-2.75%) to 58 1/2, Sprint PCS (Nasdaq:PCS) dropped 2 5/8 (-
2.78%) to 91 13/16.

In other telecom news, McLeodUSA (Nasdaq:MCLD), a leading provider of
local and long-distance telephone services, announced its intent to buy
Splitrock Services (Nasdaq:SPLT), the operator of a nationwide, high-
speed data network carrying over 2 billion minutes per month of
Internet traffic, for approximately $1.75 billion in stock in its
effort to expand its menu of offerings beyond voice telephone services.
Shares of McLeodUSA edged up 11/16 (+1.31%) to 53 1/4, while shares of
Splitrock jumped 21.75% (up 4 13/16) to 26 15/16.

Today's tech stock action also saw RealNetworks (Nasdaq:RNWK)
announcing its creation of an alliance with Universal Music Group, the
world's biggest recording company, which will allow consumers to use
RealNetwork's software to listen to music from Universal's wide array
of artists.  Under the agreement, Universal, a unit of Seagram Company
(NYSE:VO), will distribute RealJukebox, the digital music player
software developed by RealNetworks that lets users record and organize
songs on a computer.  Shares of RealNetworks rose 18 7/8 (+16.68%) to
132 1/16, while shares of Seagram edged lower 1/16 (-0.13%) to 48 5/8.

MicroStrategy (Nasdaq:MSTR) closed up 10 1/8 (+5.06%) to 210 3/8,
continuing its upward momentum gained from its 2-for-1 stock split
announcement on January 4.  The record date for the split is January 20
and the new shares will be issued on January 26, 1999.  The most recent
issue of the Smart!Splits Report forecasted the MicroStrategy split.
To find out how to subscribe to a FREE 2-week trial to the Smart!Splits
Report and learn about other potential stock splits, please visit:
http://www.smartportfolio.com/freetrials
AOL users click
here

Other big movers in the tech sector included: America Online
(NYSE:AOL), which gained 4 1/4 (+6.18%) to 73 following news of its
upcoming alliance with General Motors (NYSE:GM) to establish a link on
the Internet portal that would provide product information to vehicle
owners and prospective buyers; wireless communications giant Qualcomm
(Nasdaq:QCOM), which gained 9 15/16 (+7.10%) to 150; Chipmaker Intel
(Nasdaq:INTC), which rose 3 1/4 (+4.13%) to 82; Dell Computer
(Nasdaq:DELL), which closed down 1 13/16 (-3.78%) to 46 3/16; MCI
Worldcom (Nasdaq:WCOM), which remained unchanged at 47 3/16; and Sun
Microsystems (Nasdaq:SUNW), which rose 3 7/8 (+5.70%) to 71 7/8.

Leading Internet and tech stocks performed as follows:

Company                      $ Change   % Change      Close
Amazon (Nasdaq:AMZN)          +3 15/16     +6.01%     69 1/2
America Online (NYSE:AOL)      +4 5/16     +6.27%    73 1/16
Commerce One (Nasdaq:CMRC)        -3/8     -0.20%        188
Cisco (Nasdaq:CSCO)            +5 3/16     +5.19%   105 3/16
CMGI (Nasdaq:CMGI)             +23 3/4     +9.49%        274
Dell (Nasdaq:DELL)              -1 7/8     -3.91%     46 1/8
Ebay (Nasdaq:EBAY)                  -1     -0.74%    133 7/8
ExciteAtHome (Nasdaq:ATHM)        +5/8     +1.63%         39
Exodus (Nasdaq:EXDS)              +1/2     +0.58%     86 7/8
Intel (Nasdaq:INTC)           +2 15/16     +3.73%   81 11/16
Juniper (Nasdaq:JNPR)              +13     +4.17%        325
Lucent (NYSE:LU)                  +5/8     +1.20%     52 5/8
Microsoft (Nasdaq:MSFT)         +63/64     +0.89%  110 63/64
Oracle (Nasdaq:ORCL)            +5 3/4     +5.99%    101 3/4
Schwab (NYSE:SCH)               +1 1/2     +4.08%     38 1/4
Qualcomm (Nasdasq:QCOM)       +9 13/16     +7.01%    149 7/8
Qwest (NYSE:Q)                  +1 3/4     +4.73%     38 3/4
Yahoo (Nasdaq:YHOO)           +39 1/16    +10.61%    407 1/4

3. Notable Earnings Announcements

There were no notable earnings announcements today.  For a calendar of
recent and upcoming earnings announcements, visit:
http://www.smartportfolio.com/earnings.asp
AOL users click
here

4. Notable Upgrades and Downgrades

-- Upgrades - http://www.smartportfolio.com/upgrades.asp
AOL users click
here

Nortel Networks (NYSE:NT) was upgraded by Lehman Brothers to buy from
outperform and by SG Cowen to strong buy from buy.  Shares of the
communications equipment maker bolted 26.30% (up 20 1/4) to 97 1/4.

DuPont (NYSE:DD) was upgraded by ING Barings to hold from sell.  Shares
of the chemical and bio sciences company edged up 1/8 (+0.17%) to 71
5/8.

United HealthCare (NYSE:UNH) was upgraded by Bear Stearns to buy from
attractive.  Shares of the health care management company jumped 11.73%
(up 6 7/16) to 61 5/16.

Staples (NYSE:SPLS) was upgraded by Bear Stearns to buy from neutral.
Shares of the office supply retailer rose 1 3/8 (+5.74%) to 25 5/16.

SAP AG (NYSE:SAP) was upgraded by Morgan Stanley Dean Witter to
outperform from neutral.  Shares of the business application software
maker surged 30.64% (up 13 3/4) to 58 5/8.

McGraw-Hill (NYSE:MHP) was upgraded by Wasserstein Perella to strong
buy from buy.  Shares of the publishing company edged higher by 1/2
(+0.93%) to 54.

Tiffany & Co. (NYSE:TIF) was upgraded by PaineWebber to attractive from
neutral.  Shares of the jewelry retailer gained 5 7/16 (+7.06%) to 82
7/16.

-- Downgrades - http://www.smartportfolio.com/downgrades.asp
AOL users
click here

Lucent Technologies (NYSE:LU) was downgraded by numerous brokerage
firms, including, among others, Merrill Lynch (NYSE:MER) to near term
neutral from near term accumulate, Salomon Smith Barney to neutral from
buy, Lehman Brothers to neutral from buy.  See related story above.

Toys R Us (NYSE:TOY) was downgraded by Legg Mason to market perform
from outperform.  Shares of the toy retailer slipped 3/16 (-1.55%) to
11 15/16.

-- Coverage Initiation http://www.smartportfolio.com/initiated.asp   AOL users
click here

Dain Rauscher Wessels started coverage of the two major U.S.
automakers, Ford Motor Co. (NYSE:F) with a strong buy rating anf
General Motors (NYSE:GM) with a neutral rating.  Ford shares climbed 3
3/4 (+7.37%) to 54 5/8 and General Motors shares rose 3 1/4 (+4.54%) to
74 13/16.

Mortgage.com (Nasdaq:MDCM) was initiated by Bear Stearns with a neutral
rating, as was E-LOAN (Nasdaq:EELN).  Mortgage.com shares fell 1/32 (-
0.56%) to 5 9/16 and E-LOAN shares gave up 5/16 (-1.94%) to 15 13/16.

Deutsche Banc Alex. Brown started coverage of a number of Internet
health companies including PlanetRX.com (Nasdaq:PLRX) with a strong buy
rating and Healtheon/WebMD (Nasdaq:HLTH) and Drugstore.com
(Nasdaq:DSCM) with buy ratings.  PlanetRX.com was up 3/4 (+4.72%) to 16
5/8, Healtheon/WebMD was up 4 3/16 (+12.34%) to 38 1/8, and
Drugstore.com was up 3 1/8 (+10.25%) to 33 5/8.

5. Stock Splits

To obtain the latest information on stock splits, please visit:
http://www.smartportfolio.com/splits
AOL users click
here

This chart shows the companies that will split their shares during
the next 5 business days.  The "Pay" column shows the payable date.
The "Ex" column refers to the ex-date, the date on which the stock
begins to trade at its split-adjusted price.  The ratio refers to
the number of split shares stockholders will receive (a 2:1 ratio
means that stockholders will receive one additional share for each
share they already hold).

Company                                         Pay    Ex     Ratio

ColorMax Tech (Nasdaq:USEE)                    1/7    1/10    2:1
Daktronics, Inc. (Nasdaq:DAKT)                 1/7    1/10    2:1
Foundry Networks (Nasdaq:FDRY)                 1/7    1/10    2:1
InterNAP Network Services (Nasdaq:INAP)        1/7    1/10    2:1
Pegasus Systems (Nasdaq:PEGS)                  1/7    1/10    3:2
Red Hat (Nasdaq:RHAT)                          1/7    1/10    2:1
Satyam Infoway (Nasdaq:SIFY)                   1/7    1/10    4:1
Xcelera.com (AMEX:XLA)                         1/7    1/10    2:1
AVT Corp. (Nasdaq:AVTC)                       1/10    1/11    2:1
DoubleClick (Nasdaq:DCLK)                     1/10    1/11    2:1
MapInfo (Nasdaq:MAPS)                         1/10    1/11    3:2
TranSwitch (Nasdaq:TXCC)                      1/10    1/11    3:2
CMGI (Nasdaq:CMGI)                            1/11    1/12    2:1
Costco Wholesale Corp. (Nasdaq:COST)          1/13    1/14    2:1
Dynacq International (Nasdaq:DYII)            1/13    1/14    2:1
InterTAN, Inc. (NYSE:ITN)                     1/13    1/14    3:2

6. IPO Commentary

While the IPO market will kick into high gear in the coming weeks, it
is currently still in hibernation as only a handful of IPOs are
expected to come to market.  Insurance and investment services giant
John Hancock Financial Services (NYSE:JHF), one such upcoming IPO,
announced that is has lowered the expected price range for its proposed
IPO to $16 to $18 per share, from its $15 to $25 per share range that
the company set in mid-December.  The company expects that the IPO,
which will be underwritten by Morgan Stanley Dean Witter & Co.
(NYSE:MWD), will net $1.65 billion and, based on an initial price of
$17 per share, John Hancock's initial market capitalization would total
about $5.64 billion.  Shares of other leading insurance and investment
services companies performed well, with American International Group
(NYSE:AIG) up 7 5/8 (+7.48%) to 109 1/2, Chubb (NYSE:CB) rising 3 1/4
(+6.07%) to 56 13/16, Aetna (NYSE:AET) gaining 3 9/16 (+6.56%) to 57
7/8, and Hartford Financial Services (NYSE:HIG) closing up 2 (+4.67%)
to 44 13/16.

For further information on IPOs expected to outperform in the next
millenium, please go to http://www.smartportfolio.com/freetrial
AOL users click
here.

7.  IPO Calendar

For a calendar of upcoming IPOs and extensive information concerning
the IPO market, please visit: http://www.smartportfolio.com/ipo
AOL users click here.

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JDS Uniphase soars over 20% -- a recent issue of the Smart!Splits
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it traded in the 160s.  Even after a volatile week this stock
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Jeff, here is the replacement page for the definition of Confirmation
Notice.  If you need anything further please let me know.  Thanks - Joe

(See attached file: Replacement Page 112101.doc)
 - Replacement Page 112101.doc


Reagan,

I haven't received an email from David Hunt yet.  I will make the changes you
and I discussed last week, and perhaps we will get David's changes sometime
today.

Kay


This is cute
----- Forwarded by Dan Lyons/HOU/ECT on 05/10/2001 02:08 PM -----

	Maryanne.Lyons@bakerbotts.com
	05/10/2001 01:00 PM

		 To: dan.lyons@enron.com
		 cc:
		 Subject: FW: WARNING!!  (..)

 Don't you think this is what Frank must have looked like as a
kitten?

-----Original Message-----
From: Clements, Julie
Sent: Thursday, May 10, 2001 12:58 PM
To: Lyons, Maryanne
Subject: FW: WARNING!! (..)

Every time I see a picture like this, I'm more ready to bring one of these
critters home, but I am sure J & L would put me out and change the locks,
too.

Do I have cat duty this month when you head to the wine country?

-----Original Message-----
From: Magnano, Melissa
Sent: Thursday, May 10, 2001 12:43 PM
To: Clements, Julie
Subject: FW: WARNING!!

> WARNING!!
> Do NOT look at the attached picture if you have a weak stomach. Recently,
3 hikers were walking in the wilderness of northern Alberta. The day was
> nice, the sun shining and everyone was in generally good spirits.
SUDDENLY,
> from out of nowhere they were viciously attacked by a ferocious mountain
> cat which struck with the speed of lightning, slashing and
> devouring the three unwary hikers. Some time later, game wardens stumbled
> across the grisly scene and noticed
> that one of the hikers had managed to snap a picture of the beast before
> being killed. They quickly brought the camera back to the lab and had the
> film developed so they could get an idea of what they were dealing
with.... ..to this day, the picture haunts them to the bone.
>
(See attached file: WILDCAT.jpg)

 - WILDCAT.jpg


This has been changed.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/25/2001 07:29 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: discrepancy

Jeff Richter
deal 504061
Can you please ch the days to Monday-Saturday instead of Sun-Hol.

Thanks!


i guess not.  i'll remove the C++

 -----Original Message-----
From: 	Poon Tip, Colin
Sent:	Thursday, November 29, 2001 10:55 AM
To:	Richey, Cooper
Subject:	RE: rec

Thanks mang............can you print it on Enron Letterhead and sign it for me.............Did I do C++ here??  :)

peace.

 -----Original Message-----
From: 	Richey, Cooper
Sent:	Thursday, November 29, 2001 9:31 AM
To:	Poon Tip, Colin
Subject:	rec

 << File: colin.doc >>
if there's anything you want me to change (technologies to add, things to highlight), let me know


Hey!

There is a new spreadsheet with all our BPA Account numbers summarised in a
PIVOT table. The file is in P:RealTime/RT BPA ACCOUNT #'S. By filtering by
individual source, sink , Type (Firm / Non Firm) you will get the account
number. Make sure all is not selected in any of the fields as this can give
you an invalid account number.

Geir


We have a match-up - and it's Powerex. The deal has been changed.

Kate

	From:  Sharen Cason                           04/26/2001 07:45 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: new deal

There is a deal titled NEW COUNTERPARTY.  Do you know what the name is
supposed to be?

Thanks!

592751


Please revise my entry in the Web Directory to show my new e-mail address -
Mark.Taylor@enron.com - and my Greek affiliation as Zeta Beta Tau.
?
Thanks!
?
Mark Taylor, '78


If U and Dave R happy that this is the final list of FAQ's for the Web we are
waiting only on Legal approval.  They have already put , what were revised
FAQ's into the guide.  I therefore need to know what has changed form that
version to the FINAL FINAL legally approved ones, so that I can enter bugs to
say remove this add that.

Mark, sorry for the continual approval but an immediate response by tomorrow
morning would be appreciated.

Awais

Elena Kapralova
04/11/99 17:26
To: Awais Omar/LON/ECT@ECT
cc: David Forster/LON/ECT@ECT
Subject: FAQs

fyi...
we haven't got FAQs back from Mark yet.
---------------------- Forwarded by Elena Kapralova/LON/ECT on 04/11/99 17:27
---------------------------

Elena Kapralova
01/11/99 15:04
To: Awais Omar/LON/ECT@ECT
cc: David Forster/LON/ECT@ECT
Subject: FAQs

Awais,

On Thurs last week, when I was leaving, we (Dave and I) made a lot of changes
to FAQs and they we forwarded to lawyers for a final approve (pls see
attached). I haven't seen the response yet.
Elena

---------------------- Forwarded by Elena Kapralova/LON/ECT on 01/11/99 15:02
---------------------------

David Forster
29/10/99 17:32
To: Mark Taylor/HOU/ECT@ECT
cc: Elena Kapralova/LON/ECT@ECT
Subject: FAQs

Mark,

Attached is the latest redlined FAQ list, for your approval.

Thanks,

Dave


Associate & Analyst Programs
Y2K Survey

In an effort to solicit your feedback, the Associate and Analyst Programs are
initiating a survey regarding program management, recruiting, HR, the PRC
process and more.  We value your honest feedback and would appreciate you
taking a few moments to complete the attached survey.

The survey responses will be sent directly to an outside party for
compilation.  These results will be communicated to you by October 13 so
please respond no later than October 6.

Please find below the link to our Y2K Survey.

A&A Survey


Lisa Marcelli
Bank One Securities
P.O. Box 2629
Houston, TX 77252
TX2-4010

Phone: (713) 751 3967
 (713) 751 3901 yaneth

$37.4


File attached

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

 - Resume_0101.doc


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


I definately support  a promotion.  I have not given up on the contract,
although I have not figured out how to make it more palatable for her while
ensuring
she is committed to Enron.

Scott

Frank W Vickers@ENRON
05/15/2001 02:04 PM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Tammi

Scott, Tammi told me that she has chosen not to sign the Employment
Contract.  I understand her issues.  Even before she informed me of her
decision I was thinking that we should support her for mid-year promotion to
Director.  I would like to get your thoughts on this.

Frank


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Start Date: 1/15/02; DayAhead market;  DayAhead schedule download failed. Manual intervention required.

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Error: Crawler lifetime exceeded.


FYI - in case you suddenly become available!
---------------------- Forwarded by Joseph Alamo/NA/Enron on 04/23/2001 12:17
PM ---------------------------

Rubena Buerger@ENRON_DEVELOPMENT
04/23/2001 12:00 PM
To: Susan J Mara@ENRON, Scott Stoness@EES, Leslie Lawner/NA/Enron@ENRON,
Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Joseph Alamo@ENRON, Harry Kingerski/NA/Enron@Enron, Rosalinda
Tijerina/HOU/EES@EES

Subject: Conf. call today - SCE PX Credit

Here is the information for today's conference call to discuss the SCE PX
Credit.

 4:30-5:30 p.m. Central Time

 dial-in number:  1-888-422-7105
 participant code:  998-245
 host code (Kingerski):  574-739

Thank you,
Rubena, 713-853-1516


Kay:

Attached for your review is the current draft of the Ft. Pierce term sheet on
the 5 year toll.  There is still some fine tuning to be done on the
language.  I will send the Midway term sheet under a separate email.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 05/02/2001 08:54 AM
---------------------------

	Enron North America Corp.

	From:  Edith Cross                           04/30/2001 09:09 AM

To: Fred Mitro/HOU/ECT@ECT
cc: Nick Hiemstra/HOU/ECT@ECT
Subject: Ft. Pierce Term Sheet

Fred,

Here is the Ft. Pierce Term Sheet.  Obviously, I have copied Nick's so there
may be a few things I have missed.  The main section that I need to you to
focus on is the Operating Limitations and Energy Scheduling.  I haven't
changed these at all.  Nick is sending his version of the Midway term sheet.
We will get you updated prices soon.

E


Here is a photo of Steve Kean, Exec VP & Chief of Staff, Enron

odilleen@eurelectric.org on 06/05/2001 09:36:08 AM
To: g.h.b.verberg@gasunie.nl, javier.herrero@iberdrola.es,
willy.bosmans@electrabel.com, richard.siudek@ch.abb.com,
carlosl@brattle.co.uk, Guenter.Marquis@LEW.de, stephan_krieger@vdew.net,
wynne.p.jones@uk.pwcglobal.com, graham.shuttleworth@nera.com,
dominique.ristori@cec.eu.int, jeaston@eei.org, odd.hoelsater@hk.statnett.no,
erse@erse.pt, francis.herve@edftrading.com, skean@enron.com,
jan.swan@centrica.co.uk, uf376200@uef.es, portabella@carburos.com,
pedro.de-sampaio-nunes@cec.eu.int, domenico.dispenza@snam.eni.it,
stewart.gray@woodmac.com, mike-langley@british-energy.com,
ervik@encharter.org, jlsilanes@gasnaturalsdg.es, thomas.barth@eon-energie.de,
'pmv@cne.es', 'Carlos_Torres@mckinsey.com', 'Elena_Wagner@mckinsey.com',
'mv.ortiz@iberdrola.es', 'opiquer@gasnaturalsdg.es'
cc:

Subject: Request for photo

EURELECTRIC Conference on
Electricity & Natural Gas: Evolution and Opportunities in Two Converging
Energy Markets
11 & 12 June 2001 - Centro IFEMA - Feria de Madrid, Spain

Dear Madam
Dear Sir,

I would be very grateful if you could forward to me, via e-mail, your photo,
as the Communications Department of EURELECTRIC  would like to do a summary
of each speech at the Madrid Conference & show a photo of each speaker with
each summary.

Thank you for your assistance with this.

Yours sincerely,

Oonagh Dilleen.

***********************************************
Oonagh Dilleen
Communications Assistant
Union of the Electricity Industry - EURELECTRIC
66, Bld de l'Imp,ratrice
1000 Bruxelles
http://www.eurelectric.org

Tel : +32 - (0)2 - 515.10.33
Fax : +32 - (0)2 - 515.10.10


I have asked my paralegal, Linda Guinn, to respond to your inquiry. Her
direct # is 713-853-6104.

	"JOANNE BENNETT" <joanne.bennett@blakes.com>
	09/20/2000 12:44 PM

		 To: <richard.b.sanders@enron.com>
		 cc: <dan.fournier@blakes.com>
		 Subject: Outstanding Invoices with Frontier Economics

Mr. Sanders:

We have received a telephone call from Kevin of Frontier Economics regarding
outstanding invoices they currently have with respect to Project Stanley.

Kevin indicated that there are three invoices now issued and outstanding (the
earliest dated back to July) and he is wondering when they might expect
payment of the invoices.

Can you give me any idea as to when the accounts will be paid?  I believe
Frontier Economics was looking for payment by direct wire if possible.

Thanks,
Joanne Bennett
Assistant to Dan Fournier
Blake, Cassels & Graydon LLP
3500, 855 2nd Street S.W.
Calgary, Alberta
T2P 4J8
Tel: 403-260-9637
Fax: 403-260-9700
E-mail: joanne.bennett@blakes.com

This e-mail communication is confidential and legally privileged.  If you are
not the intended recipient, please notify me at the telephone number shown
above or by return e-mail and delete this communication and any copy
immediately.  Thank you.


A Texas jury today sentenced Andrea Yates to life in prison for the drowning deaths of her children.

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Steve --

Attached please find the Final DASH for Springs and Quebecor.

RAC has modified the Springs DASH to (a) raise the capital price and (b)
remove the direct NPV impact of Govt Affairs' rate forecasts but added
lanaguage showing economic impact if our forecast occurs.  Total NPV change =
$3 MM increase from earlier DASH.

During the Friday Underwriting meeting Rick Buy decided to hold off sending
these deals in the Board packet.  Looks like they will want our signature on
Monday.

My recommendation would be to sign-off on the DASH but to force the issue
over how RAC should price future deals.

JDS

---------------------- Forwarded by James D Steffes/HOU/EES on 04/21/2000
11:26 AM ---------------------------
From: Karen L Barbour@ECT on 04/21/2000 09:59 AM
To: James D Steffes/HOU/EES@EES
cc:
Subject: EES DASHs - Springs & Quebecor

Please review the attached finalized Springs and Quebecor DASHs, which
reflect Dave's recommended treatment of the NPV related to the tariff
forecast.  The original hard copies will be routed through your department
for signature some time today.  Let me know if you have any
questions/concerns.  Thanks.


Thanks!


I have a change in plans next week.  My dad is having surgery in Ft. Worth,
so I will be heading that way on Monday.  I was planning to be on vacation
anyway, but I may have some accessibility challenges in Ft. Worth which I
would not have had otherwise.  I will manage client expectations accordingly.

Kay


-----Original Message-----
From: 	Staley, Stuart
Sent:	Tuesday, November  13, 2001 7:35 AM
To:	Mason, Heidi
Cc:	Minns, David; Quilkey, Paul; Mcclellan, George
Subject:	RE: ECAP Directors

It strikes me that this is all getting a bit rediculous.  If you need ECAP deals signed, George McClellan or I can sign by fax.  I don't want Paul McPhee to sign as resident director until he has been around for a while.  At present, Jez would be the most qualified in Sydney.

What problem are you trying to solve here?  ECAP obligations require cash from the parent  - do you think Paul McPhee is going to have a better idea about the parent company's solvency than you will?  Houston (i.e. the parent company) is telling us business as usual - do you feel that Shankman's approval is not enough for you to fulfill your duties to the Australian entity?  Please clarify, as this seems to be making everything exceedingly difficult.

Thanks,

Stu

 -----Original Message-----
From: 	Mason, Heidi
Sent:	13 November 2001 00:43
To:	Staley, Stuart
Cc:	Minns, David
Subject:	RE: Bengalla Biz

Stu

Prior to this particular issue of today, I had discussed with Melissa and intended to email you this week on the idea of Paul McPhee taking over as the resident director of ECAP. As you would remember, the only reason I had the role was the need for a resident to have the role and issues at the time with the only qualifier on the desk. Clearly it will be far efficient for all involved to have someone closer to the business in the role and also a better control as he will be far more familiar with the deals.

Please let me know if this does not suit, otherwise I will have one of our lawyers do the paperwork when Paul starts next week.

Regards

Heidi

 -----Original Message-----
From: 	Minns, David
Sent:	Tuesday, 13 November 2001 10:52 AM
To:	Peters, Jez; Suttle, John; Miyai, Tark; Mason, Heidi
Cc:	Skinner, Fiona; Bauer, Adam; Bradford, William S.; Nimmo, Matthew; Mcclellan, George; Staley, Stuart; Shankman, Jeffrey A.; Kitchen, Louise
Subject:	RE: Bengalla Biz

Jez our concerns are not just an internal approval issue. Under Australian Law the Directors of ECAPPL need to be satisfied when a company incurs a debt that it can be paid. Failure to discharge this duty can mean the directors would be personally for the debt. If the Coal Group is comfortable to make to enter into these commitments   then that is the obvious way forward. One of the Coal Group in the Sydney office (presumably Paul McPhee) could replace Heidi Mason as resident director.

 -----Original Message-----
From: 	Peters, Jez
Sent:	Tuesday, 13 November 2001 9:33 AM
To:	Suttle, John; Miyai, Tark; Minns, David; Mason, Heidi
Cc:	Skinner, Fiona; Bauer, Adam; Bradford, William S.; Nimmo, Matthew; Mcclellan, George; Staley, Stuart; Shankman, Jeffrey A.; Kitchen, Louise
Subject:	RE: Bengalla Biz

We seem to be going round in circle's here and hence hopefully all the relevant people are now on copy of this e-mail so we can resolve swiftly. This cargo is due to be shipped in seven days with the coal already being railed to port. It is coal which will be shipped to service European commitments and represents the cheapest way to do so taking all costs into account (including financing). Needless to say if we pull out of this deal at this stage it will have huge ramifications with our customer and send all the wrong signals to our counterparties in this part of the world. Last but not least we will need to look elsewhere to procure coal for these European sales at what is likely to be a higher price.

Appreciate the green light.

Thks
Jez

 -----Original Message-----
From: 	Suttle, John
Sent:	Tuesday, 13 November 2001 9:21 AM
To:	Miyai, Tark; Minns, David; Mason, Heidi
Cc:	Peters, Jez; Skinner, Fiona; Bauer, Adam; Bradford, William S.; Nimmo, Matthew
Subject:	RE: Bengalla Biz

It has been made clear to me that Jeff Shankman needs to clear this transaction through Bill Bradford and Louise Kitchen prior to any capital going out the door.  It is my understanding that this has not been done.

John

 -----Original Message-----
From: 	Miyai, Tark
Sent:	Monday, November 12, 2001 4:13 PM
To:	Minns, David; Mason, Heidi; Suttle, John
Cc:	Peters, Jez; Skinner, Fiona; Bauer, Adam
Subject:	FW: Bengalla Biz

David,

See below Jeff Shankman's ok to proceed as usual.
Tax has come back with ok. Coal is being delivered to port.
Bengalla has oked to our draft as well.

Pls review and comment asap.

Credit, any comment on Bengalla?

Tark
 -----Original Message-----
From: 	Staley, Stuart
Sent:	Tuesday, November 13, 2001 2:57 AM
To:	Peters, Jez; Miyai, Tark; Pielop, Stuart; Skinner, Fiona
Subject:	FW: Bengalla Biz

FYR...

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	12 November 2001 15:02
To:	Mcclellan, George
Cc:	Price, Brent A.; Staley, Stuart
Subject:	RE: Bengalla

I would proceed as business as usual.

 -----Original Message-----
From: 	Mcclellan, George
Sent:	Monday, November 12, 2001 8:59 AM
To:	Shankman, Jeffrey A.
Cc:	Price, Brent A.
Subject:	FW: Bengalla

Guys - we need to address this - can we discuss during our lunch meeting today.
 -----Original Message-----
From: 	Staley, Stuart
Sent:	Monday, November  12, 2001 5:05 AM
To:	Mcclellan, George
Cc:	Bradley, Peter; Maley, Paul
Subject:	FW: Bengalla

George:

Details on the cargo we are loading out of Newcastle.  Sailing time is roughly 45 days.  Cargo to be sold to ARA/German customers, most with payment terms 5 days post delivery.  Also - it would help to get an idea of how diificult this exercise will be in the coming months, as we have a couple more loading before year end.

Work it,

Stu

 -----Original Message-----
From: 	Miyai, Tark
Sent:	12 November 2001 02:12
To:	Staley, Stuart; Bradley, Peter
Cc:	Peters, Jez
Subject:	Bengalla

Stu,

I refer to your e-mail to Jez last week and advise you the expected payment value and timing etc.

Vessel name:	MV "Cotsworld"
ETA:		21/Nov
ETS:		22/Nov
Loading tonnage: approx. 128kmt (9kmt from Stratford and 119kmt from Bengalla)
Payment value and timing :
		Value		Timing
 Bengalla:	US$3.3mil(*)	19th (**)
 Stratford:	US$0.2mil(*)	26th

* Inclusive of 10% GST
** Bengall has already delivered 49kmt of coal to port and will complete the delivery on 15th.
The contract is based on FIS and the invoice weight and quality be determined by the inbound analysis while they take des/dem risk.
Because of their concern over our credit Bengalla has insisted on our payment by TT against the presentation of documents. Docs are likely to be
presented on 16th or 19th at the latest.

The draft contract which Bengalla has confirmed has a provision that the invoice weight is determined based on B/L quantity instead of inbound rail weight
if we take 100% of Bengalla coal onto our vessel. If we do that, they can not present their docs until the vessel has compeleted the loading and our payment date would be say 26th instead.

Regards,

Tark


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/22/2000
01:46 PM ---------------------------

	From:  Colleen Sullivan                           03/22/2000 08:42 AM

To: Hunter S Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
cc: Bhavna Pandya/HOU/ECT@ECT
Subject: Meeting-THURSDAY, MARCH 23 - 11:15 AM

Please plan on attending a meeting on Thursday, March 23 at 11:15 am in Room
3127.  This meeting will be brief.  I would like to take the time to
introduce Bhavna Pandya, and get some input from you on various projects she
will be assisting us with.  Thank you.


Rhonda:
I will e-mail you comments to their form of assignment.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Rhonda L Denton
	06/05/2001 09:23 AM

		 To: Genia FitzGerald/HOU/ECT@ECT
		 cc: Carol St Clair/HOU/ECT@ECT, Edward Sacks/Enron@EnronXGate, Wendy
Conwell/Enron@EnronXGate
		 Subject: Re: FW: From MEGA; Consent to Assignment....

I received a voice mail from Kristina Drew this morning indicating they
received FERC approval of this assignment on 5/31/01.  Are we working on an
amendment of the contract for Wendy per her email?  When we are ready,
Kristina indicated that we should print 3 originals of the assignment and
change the date on it if we have no other changes.  Please let me know status
so I can email her.  Thanks.

From: Genia FitzGerald on 05/18/2001 09:15 AM
To: Carol St Clair/HOU/ECT@ECT
cc: Rhonda L Denton/HOU/ECT@ECT
Subject: FW: From MEGA; Consent to Assignment....

FYI
-----
From: Edward Sacks/ENRON@enronXgate on 05/18/2001 07:13 AM
To: Wendy Conwell/ENRON@enronXgate, Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: FW: From MEGA; Consent to Assignment....

Wendy will be the lead on this and I will assist her.

Ed

 -----Original Message-----
From:  Denton, Rhonda
Sent: Monday, May 14, 2001 3:05 PM
To: Sacks, Edward; Conwell, Wendy; Radous, Paul; Ngo, Tracy; Gonzalez,
Veronica
Cc: FitzGerald, Genia
Subject: From MEGA; Consent to Assignment....

Please assign to a credit analyst for review.
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 05/14/2001
03:03 PM ---------------------------

"Drew, Kristina" <DrewK@merchantenergy.com> on 05/14/2001 03:00:25 PM
To: "'rhonda.l.denton@enron.com'" <rhonda.l.denton@enron.com>
cc: "Abba Gana, Mustapha" <AbbaGanaM@merchantenergy.com>
Subject: From MEGA; Consent to Assignment....

Rhonda,

Please find attached for your review, a Consent to Assignment Agreement
between us, Enron Power Marketing, Inc. and Morgan Stanley Capital Group
Inc.  We would like to have the document ready to execute at about the same
time we execute the derivatives Consent to Assignment Agreement with Enron
North America, and we are waiting for FERC approval on the Physical Power
Sales as well.  I just wanted to present the agreement to you now, so that
if it is necessary, we have time to discuss any concerns.  I look forward to
talking with you to work toward the execution of the Agreement.

 <<EPM (POWER) Assignment Consent Agreement 042501.doc>>

Thanks,

Kristina M. Drew
Contract Administrator
Merchant Energy Group of the Americas, Inc.
410.295.1708

 - EPM (POWER) Assignment Consent Agreement 042501.doc


This is a copy of your message sent to Coloradochicky@talkmatch.com -->

Hello,

I ran across your picture and profile and was very impressed.  I sent along mine, take a look and maybe I'll hear back from you.

Click the following link to view the sender's profile:
http://www.match.com/doubleblind/showprofile.asp?UserID=484948454C4B4E&trackingid=65685

The following is my profile text:

Hello, I'm a down to earth person that likes to laugh and have a good time. I work in downtown Denver as a commodities trader for a large energy trading house. I do enjoy my career but understand life needs to be kept in prospective and be balanced. I enjoy activities over sitting and watching, but I have been known to sit in front of the TV and watch football or college basketball all day. I'm looking for someone who enjoys life and doesn't take themselves too seriously.

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

ADDITIONAL TIPS from Match.com:

Our anonymous re-mailer will strip away your real email address, so
that it will NOT appear in the 'From:' line.

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clicking 'Contact this person' and composing your message directly from the
site.

However:

* Check to ensure that your email address is not in the BODY of your
message as we are unable to remove these.

* Check to ensure that you REMOVE ANY AUTOMATIC SIGNATURE at the end of

your email. And note that you cannot use 'Cc:' or 'Bcc:' if you want
your email to remain anonymous.

Match.com does not monitor private email between members, nor are we
liable for the content of these messages. All members are bound by our
Match.com Service Agreement.


Hi Jason

Just checking in to see how it is all going for you in the Trading Track?

Thx. Karen.


Attached is the Joint Defense Agreement from Shook, Hardy & Bacon with my
comments in redline. This agreement was sent to us to allow Enron access to
the Power Systems' attorney's opinion regarding whether the proposed redesign
for the New Albany and Doyle turbines might infringe GE patents.

My comments are intended to preserve Enron's rights to bring any claims that
it may have against Power Systems. Do we have any other agreements of this
type with Power Systems?  Some claims that Enron may have against Power
Systems such as claims for breach of warranty may have limitations periods
that are approaching.  I believe we have discussed having Bracewell review
the depositions and any documents related to the installation of the
allegedly infringing systems into Enron's facilities.  Please advise if you
would like for us to undertake this review and ensure that any claims that
Enron may have are protected.

Thanks.

 - JOINTDEF.WPD


thanks for the invite, but I won't be able to make it.

 -----Original Message-----
From: 	"Scott Dobbins" <scott@amerexenergy.com>@ENRON [mailto:IMCEANOTES-+22Scott+20Dobbins+22+20+3Cscott+40amerexenergy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 12, 2001 10:13 AM
To:	kpresto@enron.com
Subject:	FW: Golf Tournament

-----Original Message-----
From: Lance Rathmell  [mailto:lancer@amerexenergy.com]
Sent: Wednesday, June 06, 2001 2:02  PM
To: power_brokers@amerexenergy.com
Subject: Fw: Golf  Tournament

----- Original Message -----
From: Angel  Martinez
To: Lancer@amerexenergy.com
Sent: Wednesday, June 06, 2001 10:06 AM
Subject: Golf Tournament

 - 01AMEREX POWER1.doc << File: 01AMEREX POWER1.doc >>


-----Original Message-----
From: 	Gaskill, Chris
Sent:	Friday, May 11, 2001 3:09 PM
To:	Parks, Joe
Subject:	FW: PIRA Natural Gas Presentation-Greg Shuttlesworth/Rich Redash

 -----Original Message-----
From: 	"Cathy Lopez" <cathy@pira.com>@ENRON [mailto:IMCEANOTES-+22Cathy+20Lopez+22+20+3Ccathy+40pira+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, May 11, 2001 2:01 PM
To:	jfraser@enron.com
Cc:	Gaskill, Chris
Subject:	PIRA Natural Gas Presentation-Greg Shuttlesworth/Rich Redash

Ms. Fraser:  I've attached two versions (your choice) of the NatGas
presentation.  They will need an overhead projector and an easel/flipchart
for their presentation.  They will also meet you Sunday at 7:45 at the St.
Regis Hotel for dinner.  Have a nice weekend.  Any questions please feel
free to contact me.

 - houstonbw.pdf


Just a reminder that we are coming up to the end of the year and that you will be able to roll over 40 HOURS or ONE WEEK of vacation time.  Should you have more that 40 hours please try and use them before the end of the year so that you don't loose them.  I do have a print out of the vacation time if you need to verify your current balance.

Thank you,

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


i think it's 100

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:01:23 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: Extra credit

fill in
$ ____2_ per/share

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:54 PM
To: epao@mba2002.hbs.edu
Subject: RE: Extra credit

fill in
$ _____ per/share

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:39:23 PM

Please respond to <epao@mba2002.hbs.edu>

To:   <John.Arnold@enron.com>
cc:
Subject:  RE: Extra credit

what's my bid for what??
ps
don't no crap me.

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:30 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit

no crap, what's your bid?

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 12:48:23 AM

Please respond to <epao@mba2002.hbs.edu>

To:   <John.Arnold@enron.com>
cc:
Subject:  Extra credit

break even on info ass-symetry is 100%, any project above that level is
profitable to Pooks&Co.

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 1:04 AM
To: epao@mba2002.hbs.edu
Subject: RE: try this one...

For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?

"Eva Pao" <epao@mba2002.hbs.edu> on 05/11/2001 05:13:59 PM

Please respond to <epao@mba2002.hbs.edu>

To:   <John.Arnold@enron.com>
cc:
Subject:  RE: try this one...

will you do all of my homework?

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Friday, May 11, 2001 8:41 AM
To: epao@mba2002.hbs.edu
Subject: Re: try this one...

i'll pay a grand total of 0

"Eva Pao" <epao@mba2002.hbs.edu> on 05/10/2001 05:15:59 PM

Please respond to <epao@mba2002.hbs.edu>

To:   <jarnold@enron.com>
cc:
Subject:  try this one...

 Please read the following problem very carefully, and write in a number at
the end.  You should be ready to defend your answer.  Only a number is
allowed, not an algebraic equation.

Acquiring a Company

     In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer.  You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer.  The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking.  Indeed, the very
viability
of Company T depends on the exploration outcome.  If the project fails, the
company under current management will be worth nothing--$0/share.  But if
the project succeeds, the value of the company under current management
could be as high as $100/share.  All share values between $0 and $100 are
considered equally likely.  By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T.  If the project fails, the company is worth $0/share under
either
management.  If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share.  Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.

     The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares.  This offer must be made now,
before the outcome of the drilling project is known.  From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price.  Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm.  You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.

     Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer.  In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management.  Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.

     As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share.  What price offer per share would you tender for Company T's
stock?

     $______ per/share


?
 - Management Services Agreement1.doc
 - PaloAlto TA.doc
 - SierraPowerTA No3.doc


Bob,

Tom is asking aobut the budget info.  When do you think that I can get it?

D

 -----Original Message-----
From: 	Superty, Robert
Sent:	Wednesday, January 02, 2002 9:50 AM
To:	Farmer, Daren J.
Cc:	Calcagno, Suzanne
Subject:	RE: NETCO Items

Darren, plan is to have the necessary contracts in place under the new NETCO name so we can do business on all key pipes. Regarding the Intrastates I suggest you think about the key ones so we have them on the list and get basic contracts in place once we have a new name and parent. Also what services you want on each so we get all the necessary contracts done.

I'll get you some budget info shortly, tks - Bob

 -----Original Message-----
From: 	Farmer, Daren J.
Sent:	Wednesday, January 02, 2002 9:43 AM
To:	Superty, Robert
Subject:	RE: NETCO Items

Bob,

For the Texas Desk, Mike Olsen and I will start out handling the scheduling activities.  As we start up we will not be doing a lot of shipping on the intrastate pipes.  We will primarily be utilizing hub and cartwheel agreements and net outs.  Trading primarily on the Waha, Katy , and Carthage hubs.  I will cover Katy and Carthage.  Mike will continue to cover Waha and any shipping activities on the intrastate pipes.  I will need a second person fairly soon after we begin trading again (within a month or two).

What are you thinking that we need to look into on the intrastates?

Also, with message of setting up new budgets, can you have Brandy send me a copy of the budget we had in place for Texas 2002?

Thanks.

D

 -----Original Message-----
From: 	Superty, Robert
Sent:	Wednesday, January 02, 2002 8:51 AM
To:	Kinsey, Lisa; Jaquet, Tammy; Olinger, Kimberly S.; Calcagno, Suzanne; Farmer, Daren J.; Lamadrid, Victor; Sullivan, Patti; Gay, Randall L.
Cc:	Jackson, Brandee; Hall, Bob M
Subject:	NETCO Items

Wanted to share the latest communication on NETCO. This is all good news and exciting to see that things will be moving on a fast track from this point forward. I will be pulling you together and asking for some information to meet the plans and deadlines listed below.

For a start please review your pipe coverage that is planned on your desk with the NETCO team you will have to work with and forward me that breakdown. I know you took a preliminary look at this but I want you all to rethink and give me a "final or startup" list. The list you gave me on the contracts required for NETCO on the pipelines has been consolidated and is being reviewed. I believe we need to take a look at some of the Intrastates and key LDC's and get that info on the list. Seating plan should be simple once we get a better handle on the layout for 5 & 6. I'll try and get some details today. Don't know if we will be allocated spots on 6. IT systems layout and structure is already being planned/discussed. Most likely we will get involved in some testing once they start laying out the new architecture.

In addition any other items for a re-start that you can think of please forward to me.

Of course we still have the major hurdle of securing a buyer and once/if we do what do they actually submit a bid to purchase. Let's be optimistic and hope they are interested in the NETCO structure that has been laid out. Regardless we still need to do all of the tasks listed below to get ready.

Thanks - Bob

The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO.  Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.

The main areas to focus on over the next week are:-

(i) 	Re-start/Integration Plans (due on Jan 7)				To be forwarded to Louise
	These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.
	The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.
(ii)	Budget (due Jan 3, 2002)						To be forwarded to Faith Killen
	First year budget to include all start up costs (some of which can be amortized)
(iii)	Seating Plans								Tammy Shepperd to co-ordinate
	We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
	I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv)	Due Diligence
	We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.


---------------------- Forwarded by Nelson Ferries/Corp/Enron on 11/30/2000
09:40 AM ---------------------------

smccracken@colcnr.com on 11/27/2000 03:25:25 PM
To: Alvin.thompson@enron.com, Sabra.L.Dinari@enron.com
cc: Nelson.Ferries@enron.com

Subject: Dec. 00 Estimate

(See attached file: December 2000 Projection.doc)

 - December 2000 Projection.doc


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Attached is the August 2000 nomination for our takes under the Gas Sales and
Purchase Contract between TXU Fuels (previously TUFCO) and HPL Resources Co.,
(TXU Fuels Contr. #3949), as well as our August 2000 nomination for takes
under
the Gas Sales and Purchase Contract between TXU Fuels and SDS.  Please advise
should you have any questions concerning the attached.

Thanks,
Charlie

(See attached file: MinHPLN00.xls)   (See attached file: SDSNOM.xls)

 - MinHPLN00.xls
 - SDSNOM.xls


i'm bout it

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Wednesday, May 23, 2001 11:01 AM
To:	Lenhart, Matthew; Mena, Luis
Subject:	Replay of MLK Holiday

Lets try to replay MLK day at Front Porch Sunday night.  Unfortunately it will probably be crowded since everyone has Memorial Day off.


can you help me wiht this?
----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:39 PM -----

	Vickie Nicholson/ENRON@enronXgate
	03/02/2001 10:38 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: FW: 2001 Officer's Questionnaire

 -----Original Message-----
From:  Vickie Nicholson
Sent: Wednesday, February 07, 2001 9:22 PM
To: Steven J Kean; Maureen McVicker
Subject: 2001 Officer's Questionnaire

Vickie
EB4836
713-853-9864


I got your message 4 times!

Roy Lewis Eiguren
Givens Pursley LLP
P. O. Box 2720
Boise, ID  83701
ph: (208) 388-1313
fax: (208) 388-1300
rle@givenspursley.com

CONFIDENTIALITY NOTICE:  This e-mail may contain confidential information
that is protected by the attorney-client privilege.  If you are not the named
recipient of this communication, you are instructed not to deliver,
distribute, copy or disclose its contents or take any action in reliance on
information it contains.

>>> Bill Eastlake <Beastla@PUC.STATE.ID.US> 05/16/01 11:06AM >>>
FYI---I got this same message three different times.


Is 12:30 ok?  We are going to Dourbis.

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 10/13/2000 09:20 AM -----

	Nony Flores
	10/12/2000 05:55 PM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: Re: Lunch

I'm available.

nf

	Debra Perlingiere
	10/12/2000 03:34 PM

		 To: Nony Flores/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT
		 cc:
		 Subject: Lunch

Lunch tomorrow?

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


PRIVILEGED & CONFIDENTIAL - ATTORNEY/CLIENT COMMUNICATION

FROM GREG PORTER

We have agreed with SoCalGas and FERC's ADR group lead by Rick Miles, to meet in Chicago on December 4, 2001 to begin mediation.  In anticipation of mediation, over the next month we will be meeting to prepare our mediation presentation and discuss potential settlement scenarios and strategies. We will have a better sense after the mediation session on December 4th whether SoCalGas is serious about its desire to resolve this proceeding amicably.  SoCalGas' lawyer has represented to me that they are interested in settlement and "prepared at some level" to compromise.

Should you have any questions regarding this matter, please do not hesitate to contact me.


sure


i might be up for that.  i might have to go to a super saturday dinner, but
if not i will definately do this.


---------------------- Forwarded by Eve Puckett/Corp/Enron on 02/02/2001
03:35 PM ---------------------------

	From:  Eve Puckett                           02/02/2001 03:27 PM

To: Brenna Neves/NA/Enron@ENRON
cc: Leslie Smith/HOU/ECT@ECT, Regina Blackshear/Corp/Enron@ENRON, Diane
Salcido/Corp/Enron@Enron, Lois Ford/NA/Enron@ENRON, Sharon
Peace/NA/Enron@ENRON, Angela Barnett/HOU/ECT@ECT, Angela Gill/NA/Enron@Enron

Subject: Work Performance

Brenna,
         This probably isn't the best time to be mentioning this, and I don't
want you to think there is any motive behind it because reviews are currently
in process, but I wanted to briefly talk to you about Judy Hernandez:

I think she puts in a great work performance for many reasons:

1) She is ALWAYS willing to help out when someone is backed up on projects.
2) If you ask her to help you out with something, it's completed within the
same day or early the next day.
3) She is NEVER in a bad mood, and if she is she certainly doesn't let you
know about it nor take out her frustrations on anyone.
4) She is very knowledgeable when it comes to questions about deals being
acceptable or not.
5) If she can't answer your question she points you in the right direction
for it to be answered.

I just wanted to let you know how much I appreciate working with her.
Thanks-Eve


---------------------- Forwarded by Stinson Gibner/HOU/ECT on 04/11/2001
01:13 PM ---------------------------

	Enron Technology

	From:  Moyez Lallani @ ENRON                           01/16/2001 10:46 AM

To: Stinson Gibner/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc:
Subject: Livelink Access

Gentlemen,

I have created a folder called Research Projects Folder in the Livelink test
instance.  The URL to the test instance is

http://nahou-kmcprm01t/livelink/livelink.exe

To log in, use your NT login id as your userid and password (all lowercase).
You will find the folder on the Enterprise Workspace.  Please call me should
you require further assistance.

Moyez Lallani
X5-3683


I w3ill take them over to your Mom's or leave them with Debbie.  If they are
not at your Mom's, they are at my house.


Thank you for your e-mail.  Mr. Skilling is traveling for the remainder of
this week, but will be back in the office on Monday.

Thank you,
Joannie Williamson
713-345-7774

Mbkuntz@aol.com on 05/16/2001 05:04:47 PM
To: <jeff.skilling@enron.com>
cc: <judyaspen@aol.com>

Subject: Enron Candidate

Jeff,

Judy Lay Allen, an associate of yours on the Federal Reserve board, spoke
with Joannie Williamson today regarding my desire to interview at Enron.

I am a graduate of Princeton University with two years experience in
financial modeling and communications.   Towards assessing my skill set
relative to peers, I took and received a 740 on my GMAT.  I have also
interned in a gas exploration company and am familiar with the industry;
likewise, I have worked with clients in telecommunications and am aware of
the work Enron is doing in the bandwidth trading/pooling field.

I am aware of Enron's executive training/business analyst programs and am
highly interested in exploring opportunities therein.  I am in Houston
through Friday evening and, given the short notice, would be grateful for any
opportunity to meet with the appropriate person any time Thursday or Friday.

I look forward to interviewing and applying my experience at Enron.

Best regards,
Michael Kuntz
917-838-6364

 - Resume (MK) 5-1-01.doc


Please be advised, we received a Letter of Credit covering physical power transactions between Edison Mission Marketing & Trading Inc. and EPMI.  This LC expires January 31, 2002.  Consequently, we have opened them up on EOL for East and West Physical Power trading for 2 (two) months only.  Once we get into November we will reduce their allowed trading term to 1 (one) month only.  This will effectively enable them trade out through the end of December 2001.  No trades should be done with this counterparty that extend beyond December 31, 2001 so that we can manage exposure within the term of the Letter of Credit provided.  Please call credit with any questions or comments.

Thanks
Wendy

PS- Tracy please forward onto all west traders.

Thanks
WHC


Full Name: Jane Marie Tholt

Login ID:  jtholt

Extension:  35539

Office Location:  eb3209c

What type of computer do you have?  (Desktop,  Laptop,  Both)  desktop

Do you have a PDA?  If yes, what type do you have:   (None, IPAQ, Palm Pilot,
Jornada)  no

Do you have permission to access anyone's Email/Calendar? no
    If yes, who?

Does anyone have permission to access your Email/Calendar?  no
    If yes, who?

Are you responsible for updating anyone else's address book?  no
    If yes, who?

Is anyone else responsible for updating your address book?  no
    If yes, who?

Do you have access to a shared calendar?
    If yes, which shared calendar?  west desk calendar

Do you have any Distribution Groups that Messaging maintains for you (for
mass mailings)?
    If yes, please list here:  no

Please list all Notes databases applications that you currently use:

In our efforts to plan the exact date/time of your migration, we also will
need to know:

What are your normal work hours?  From:7:00 a.m.     To:   5:00   p.m.

Will you be out of the office in the near future for vacation, leave, etc?
       If so, when?        From (MM/DD/YY):  05/13/01    To (MM/DD/YY):
05/16/01


Gerald,

I've added the pricing information - 2 paragraphs - one for first of month
Index and a Gas Daily portion.

Take a look and let me know.

Thanks,

Theresa
(303) 575-6485


I agree with John Shelk to not attack the CBO report.

While the CBO again and again relies upon academic studies to state that generators "may" have withheld power, the basic argument is that "DEREGULATION ITSELF NOT FAIL; RATHER, IT WAS NEVER ACHEIVED."   In addition, the paper states that "MUCH OF THE BLAME FOR CALIFORNIA'S ELECTRICITY CRISIS ATTACHES TO THE STATE'S RESTRUCTURING PLAN -- BUT NOT TO ITS OBJECTIVE, ELECTRICITY DEREGULATION."

In addition, California's response of "DIRECTLY INTERVENING IN THE MARKET -- A RESPONSE THAT COULD PROVE COSTLY TO ELECTRICITY CONSUMERS AND TAXPAYERS."

I hope that we can use this to persuade FERC that they are missing the boat on the Refund case.  The CBO has now stated publicly that the fundamental market conditions and the State's poor plan and actions created the financial and political crisis.  The CBO finds that "WHOLESALE ELECTRICITY PRICES WERE HIGHER THAN THEY PROBABLY WOULD HAVE BEEN IN A TRADITIONALLY REGULATED MARKET OR A MORE FULLY DEREGULATED MARKET"..because "FEATURES OF THE RESTRUCTURING PLAN LIMITED THE RESPONSIVENESS OF THE SUPPLY AND DEMAND SIDES OF THE ELECTRICITY MARKET."

Seems to me that we need to devise a strategy to get this message out (together with our details of the policy failures).  This CBO report clearly undercuts the "political" arguments of the Davis administration who had every opportunity to fix the plan and who has now not only bought into horrible long-term contracts but has passed through 100% of the high costs to consumers.

Jim

 -----Original Message-----
From: 	Shelk, John
Sent:	Tuesday, October 09, 2001 12:39 PM
To:	Perrino, Dave
Cc:	Robertson, Linda; Steffes, James D.
Subject:	RE: Causes and Lessons of the CA Electricity Crisis - by the CBO

Subject to receiving more information, my recommendation is not to make a "federal case" out of the CBO report.  In other words, we should be aware of Dave's comments and concerns, but I would not suggest we contact CBO or anything like that.  If others think some response is needed, this is the type of thing EPSA should do, if done at all.  We should refrain from carrying water for the generators.  The report is being written up favorably in the trade press I have seen, largely because the CBO report says that what California did was NOT deregulation and thus the crisis was not caused by deregulation.  That "60,000 feet" view is worth a mint politically and while there are parts of the report that we differ with, I think its value far outweighs its blemishes.

 -----Original Message-----
From: 	Perrino, Dave
Sent:	Tuesday, October 09, 2001 1:18 PM
To:	Shelk, John
Cc:	Robertson, Linda; Steffes, James D.
Subject:	RE: Causes and Lessons of the CA Electricity Crisis - by the CBO

John,

My take on the paper is that is wasn't particularly flattering to the generators/suppliers.  It also paid little attention to the issues that FERC had addressed and that the ISO did not implement.  It is reasonably sound as far as "history of the formation" is concerned but some of their statements and conclusions I have to take issue with.

Off the top of my head, they use the term "idle".  In my mind as a utility person, idle means available but just not running.  As they apply the term, they use it to describe any unit not running, either because it was forced off or was off for maintenance, I realize it's only a word, but it carries many different inferences, mostly unfavorable.  Early in the document they refer to possible abuses of market power and the generators withholding supply to manipulate the price.  They never substantiate this claim.  In fact as they proceed though the rest of the paper they build up a good case showing how a series of circumstances actually lead to shortages and high prices, but if a busy staffer only read the beginning they never would have understood the full picture.  They also don't really touch on the lack of supply side response.  According to Greg Conlin, the President of the P{UC when AB1890 in CA was designed, was a key part to the equation, they spend little, if any time discussing how this part of the puzzle never developed.  They also give insuffucient explaination of the "per-se" reasonablness clause....There are other more specific instances I can send to you at a later time.

I left my notes on the document back in my office, I can give you a summary early next week if that's OK.  I am currently fact gathering about PJM and NYISO congestion models with Steve Walton for RTO West...

Thanks,

Dave

 -----Original Message-----
From: 	Shelk, John
Sent:	Tuesday, October 09, 2001 8:31 AM
To:	Perrino, Dave
Cc:	Robertson, Linda; Steffes, James D.
Subject:	RE: Causes and Lessons of the CA Electricity Crisis - by the CBO

Like most sources of information in DC, folks on the Hill pick and choose those that support their pre-conceived policy notions.  Having said that, the CBO is a respected source of information.  I read the summary and have the full report in my "to read" stack.  The summary actually made the report sound largely favorable from our perspective.  It wouldn't hurt to have a little more detail on the problems with the report as you see them so we can decide whether we need to do anthing or just be ready should a CBO witness testify at a hearing.

John

 -----Original Message-----
From: 	Perrino, Dave
Sent:	Monday, October 08, 2001 4:47 PM
To:	Shelk, John
Subject:	FW: Causes and Lessons of the CA Electricity Crisis - by the CBO

John,

How much weight and influence do papers published by the CBO have with policy makers there in DC?  I have some concerns about the general tone and some of the conclusions contained in the report.  If these papers draw little attention, then , no harm, no foul.  But if policy makers tend to draw from these papers, then perhaps we need to correct or address some of the issues raised in this report.

Thanks,

Dave

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 08, 2001 1:42 PM
To:	Perrino, Dave
Subject:	RE: Causes and Lessons of the CA Electricity Crisis - by the CBO

Talk with John Shelk in our DC office.

Jim

 -----Original Message-----
From: 	Perrino, Dave
Sent:	Monday, October 08, 2001 1:25 PM
To:	Steffes, James D.
Cc:	Nicolay, Christi L.; Comnes, Alan; Karen Denne (E-mail); Walton, Steve; Landwehr, Susan M.; Mara, Susan; Kaufman, Paul
Subject:	Causes and Lessons of the CA Electricity Crisis - by the CBO

Jim,

Last week some time I had been on the distribution of a paper published by the CBO entitled, "Causes and Lessons of the CA Electricity Crisis".  In reviewing this paper several things struck me.  The paper is not particularly accurate, they make unsubstantiated claims of market power abuse, they ignore the lack of implementation of demand-side response programs that were supposed to be a integral part of the AB1890 and they use inappropriate terms, such as "Idle" when describing plants that were unavailable because of maintenance or repair.

My reason for writing is to ask you, how politically influential is a paper like this?  Are papers published by the CBO looked at as the authority on problems, especially with those associated with the problems experienced in CA?  And if so, because of some of the mis-representations it contains, do we want to develop a fact sheet for our folks in DC to use to refute some of the claims made in this paper?

Thanks,

Dave

David F. Perrino
Director, Government Affairs
Enron Corporation
101 California Street, Suite 1950
San Francisco, CA  94111
Phone: 415.782.7801
Fax: 415.782.7854
Mobile: 415.794.8740