Charles Schwab & Co., Inc.

Internet Daily for Thursday, May 24, 2001
by Frank Barnako CBS MarketWatch.com

-----------------------------------------------------------------
Virus watchers hit by vandals

The Computer Emergency Response Team based at Carnegie Mellon
University spends its days trying to keep the Internet safe from
hackers and other troublemakers. But this week it's been the
target.

The CERT Web site was hit with denial-of-service attacks, in
which online vandals make a number of computers, sometimes
without the knowledge of their owners, hit a Web site so many
times that nobody else can get to the site. CERT's site was tied
up for much of the day Tuesday and Wednesday. Phone calls to the
center were answered by a recorded voice saying the Web site
would be tied up until the attacks subsided.

While the center routinely carries information regarding computer
viruses and ways to detect and fix them, there are no known ways
to stop denial-of-service attacks.

-----------------------------------------------------------------
RSA brings security to PlayStation

RSA Security said it will offer security software for Sony's
PlayStation2. This will allow developers to make online shopping
and gaming applications secure, letting PS2 owners freely access
Internet-based gaming, content and commerce applications.

"The demand for network-based content and services is growing
rapidly as broadband becomes mainstream," said RSA Vice President
Scott Schnell in a press release. "RSA Security is committed to
supporting content software development for PlayStation2 with
effective, standards-based security capabilities and the
technical support to back them up."

-----------------------------------------------------------------
ReturnBuy expands eBay offerings

A company that collects returned merchandise from retailers and
sells it at a discount said it will peddle more of its like-new
goods on eBay . ReturnBuy, based in Ashburn, Va., said it has a
new strategic alliance with the online auction site and a
customized software connection that lets it access the service
directly. The company says it can get more for a returned item by
selling it on eBay than a retailer can through traditional means.
Returned merchandise is sent straight to ReturnBuy, which sells
through a number of online and offline channels. Financial terms
of the deal were not announced.

-----------------------------------------------------------------
Hospital peddles domain names for newborns

Parents of newborns in Redwood City, Calif., will find a new form
amid the paperwork they must complete for birth certificates,
Social Security numbers and other essentials: A domain name
application. Sequoia Hospital is working with Namezero.com to
offer parents the chance to give the new arrival a domain name.
The name will be free for the first year and $29.95 a year after
that, the San Jose Mercury News reported. The Silicon Valley
hospital sees a lot of parents who are Web savvy and want sites
right away for baby pictures and other information, Sequoia nurse
Linda Kresge told the newspaper.

Neil Chase, managing editor for CBS.MarketWatch.com in San
Francisco, is filling in for Frank Barnako.

-----------------------------------------------------------------

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Copyright 2001 CBS MarketWatch. All rights reserved.
Commercial use or redistribution in any form, printed or
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Distribution by Quris, Inc.


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

Dear Market Participants

Many Market Participants recognized the mismatch in prices which were posted
on
the NYISO website versus those which were used for billing in the settlement
statements.

The NYISO has identified the various differences and has modified software
necessary to update and / or correct the prices associated with the categories
listed below;

Upon completion of all the Historical LBMP updates noted below, the NYISO will
recompute and post new real time weighted files.  Information on what
intervals
have been changed, as a result of a specific issue noted below, will be
provided.

Issue #1:  Prices and Postings During Reserve Pickup Intervals:
During instances where the dispatch interval is in response to a  Reserve
Pickup
request, the price which will be used to bill a Reserve Pickup (RPU)  period
is
the price associated with the most recent normal SCD execution interval
preceding the reserve pickup interval. There were limited instances during the
first 11 months of operation where an LBMP was incorrectly calculated and
posted
for the reserve pickup intervals.

Solution Issue #1:  For the period 11/99 until the present, all RPU intervals
that were inadvertently posted with price calculations based on the reserve
pickup intervals will be replaced with the price from the dispatch cycle
immediately preceding the reserve pickup.  Any modifications made which result
in changes to the billing data will be corrected through the re-bill and
true-up
process in future months.

Issue #2:  Posted Price Discrepancies Between Proxy Bus and Load Bus Prices:
During the process of correcting and reposting prices, the Generator or proxy
bus prices were updated, but not the Zonal or load prices.

Solution Issue #2: ALL proxy gen prices which are different from their
corresponding zonal prices, will be copied into the zonal bus prices to
overwrite any possible discrepancies between these two files, as these should
be
identical. NOTE: The Billing & Accounting System (BAS) was coded to use the
generator proxy bus price.  Therefore the BAS calculations have been
consistent
with the generator proxy price and should not affect any bills.

Issue #3:  Missing SCD Intervals In Pass of Data Between SCD and PTS- Due to
Loss of Communications:
At times there periods exist when communication links between operating
systems,
namely SCD and Performance Tracking (PTS) in this case, have failed and have
to
be manually reactivated.  During these sub-system failure periods, SCD
intervals
are being saved and when communications are restored or through the price
correction process the SCD intervals are restored.  During these failure
periods
the SCD Start/Stop signals are not being transferred to the PTS. Six-second
actual data continues to be received by PTS during these failure periods.  PTS
develops an average actual value over the SCD interval periods. During the
failure periods the PTS observations do not match the number of SCD interval
observations. The BAS is coded to ignore any intervals where there is not a
match between the price file and the metered MW files. For example, if SCD had
intervals for :05, :10 and :15 and the PTS integrated actuals covered the
period
:05 - :15 then the BAS would calculate the billing based on the consistent
sets
of data, The interval then becomes a 10 minute interval.

Solution Issue #3 The system will be programmed such that it will recognize
when
an interval is missing in PTS and the PTS interval will be generated by
splitting the large interval,  with the assumption that the energy was
delivered
uniformly over the entire interval.   Retroactive to Nov'99, the missing
intervals will be created.  Through the monthly rebill and true-up process,
these intervals will be used and billing results may change as a result.

Issue #4:  Dispatch Interval Type "R"
When SCD is in a reserve pickup, and the pick-up is unsuccessful after 10
minutes, an extra PTS interval is generated for performance tracking of units.
This interval is not an actual interval where basepoints are calculated and
sent
to generators.  At the time the PTS intervals are sent to the MIS, an LBMP
interval is also sent.    These intervals were posted on the OASIS and then
ignored in BAS.

Solution Issue #4 Retroactively to Nov'99, all LBMP intervals generated as
part
of the reserve pickup performance tracking process will be deleted.  In the
future, the intervals will not be sent to MIS for posting.

Issue #5:  Consistent Updated Price Postings
Prior to January 2000, intervals updated as part of price corrections were
posted to a different spot on the OASIS in a different format,  thus making it
difficult for market participants to locate the correct data.

Solution Issue #5 Retroactively to Nov'99, an update of the current LBMP
posting
files will be accomplished to include the price corrections not originally
posted.

The intent of the NYISO is to have all corrections for retroactive price
posting
discrepancies, and software enhancements completed by the end of Nov 2000.


This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

Carolyn

We attach the following:

(a) a clean and blacklined copy of the ENA Consent, reflecting changes to
the credit documentation;
(b) a mark-up of the "no objection to forms" letter to be executed by ENA;
(c) a draft letter from the purchasers under the Note Purchase Agreement
setting out the actions to be taken by ENA post funding and agreeing not to
issue entitlement orders in respect of their security interest in the Escrow
Account if these actions are completed.

We would be grateful if you could confirm whether Citibank had any comments
on the Escrow Agreement, and whether the account will be set up for
Wednesday's funding.

Kind regards
Isabel

 - NY003701393.DOC
 - ENA LTR TO DELTA LENDER RE FORM OF AGMT1DOC.DOC
 - NY003699617.DOC
 - COMPARE001.DOC


Mark:

I am attaching a revised list.  I forgot to show EBS, not that is has created a significant amount of work.
Thanks!

Marie


In This order issued Wednesday, FERC rejects the PX An=mendment No 22 and ISO
Amendment No 36 in part and makes very strong statements about the need to
have creditworthy parties for bilateral deals.  Only allows utilities to
schedule their own resources to meet their own loads, or otherwise to have
"support" from a creditworthy party.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/14/2001 11:35 PM -----

	Gary Ackerman <foothill@lmi.net>
	02/14/2001 04:08 PM
	Please respond to foothill

		 To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>,
Carolyn Baker <cabaker@duke-energy.com>, CHARLES A MIESSNER
<camiessn@newwestenergy.com>, Corby Gardin <jcgardin@newwestenergy.com>, curt
hatton <curt.hatton@neg.pge.com>, Curtis Kebler
<Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet Purdum <dpurdum@apx.com>,
Greg Blue <gtbl@dynegy.com>, Jack Pigott <jackp@calpine.com>, Janie Mollon
<jsmollon@newwestenergy.com>, "Klemstine, Barbara A(F56661)"
<barbara_klemstine@apses.com>, Nam Nguyen <Nam.Nguyen@powersrc.com>, Randy
Hickok <rjhickok@duke-energy.com>, Rob Lamkin <rllamkin@seiworldwide.com>,
Rob Nichol <rsnichol@newwestenergy.com>, robert berry <berry@apx.com>, Roger
Pelote <roger.pelote@williams.com>, Sue Mara <smara@enron.com>, Jeff Crowe
<jcrowe@apx.com>, George Vaughn <gavaughn@duke-energy.com>, Al Parsons
<alp@ncpa.com>, Bob Low <Bob_Low@transalta.com>, Bob Reilley
<rreilley@coral-energy.com>, Brian Jobson <bjobson@smud.org>, Dave Nuttall
<dn@ui.com>, Duane Nelsen <dnelsen@gwfpower.com>, Edmond Chang
<echang@wapa.gov>, Elaine Walsh <Elaine@citizenspower.com>, Ken Lackey
<Kenneth_Lackey@EdisonMission.com>, Linda Hamilton
<lhamilton@avistaenergy.com>, Mark Tallman <mark.tallman@pacificorp.com>,
"Richard H. Counihan" <counihan@greenmountain.com>, Sheryl Lambertson
<sslambertson@pplmt.com>, Steve Ponder <steve_ponder@fpl.com>, Tom Breckon
<tom@ncpa.com>, "Wolfe, Don - PGSO-5" <dvwolfe@bpa.gov>, John Marchand
<jpmarchand@aep.com>, Mark Ward <mward@ladwp.com>, "Morrato, Joe"
<Joe.Morrato@xemkt.com>, Dan Douglass <douglass@arterhadden.com>
		 cc:
		 Subject: FERC Affirms Generators' Claims

Came out today.  Hurry. Read, read, read.
gba

 - er01-889-000.pdf


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

Market Participants:

January 24th advisory statement was posted last night.  This completes the
January 2001 advisory postings.


Ben, are you available at 9am on Monday re ABB?

Thanks

Kay


it is a good work out for you to move up 3 flights of stairs.  did you move it all yourself or pay someone to do it?   mi luna is good for me tomorrow.  i love their ritas.  how about we go around 7.  i can pick you up or just meet you there if you are going straight from work.


This message was sent automatically by Microsoft Outlook to inform you that you have been designated as a delegate. You can now send messages on my behalf.

You have been given the following permissions on my folders:
	Calendar:   	Editor (can read, create, and modify items)
	Tasks:      	Editor (can read, create, and modify items)
	Inbox:      	None
	Contacts:   	None
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	Journal:    	None

To open folders for which you have permissions, point to Open on the File menu, and then click Other User's Folder. You must be running Microsoft Outlook to do this.


please put on calendar
----- Forwarded by Elizabeth Sager/HOU/ECT on 04/09/2001 01:47 PM -----

	Sarah Novosel@ENRON
	04/09/2001 12:31 PM

		 To: Mark Dana Davis/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Janelle
Scheuer/Enron@EnronXGate, Chip Schneider/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT, Kathleen Sullivan/NA/Enron@ENRON, Rick
Whitaker/NA/Enron@ENRON
		 cc:
		 Subject: Tuesday Meeting to Discuss New York

We have reserved Room 3125B for our meeting to discuss New York power issues
on Tuesday, April 10 at 3:00 pm.   If time permits, I will send out an agenda
before the meeting.  Please let me know if you have any questions.

Thanks

Sarah


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/06/2000
01:51 PM ---------------------------

Jez Peters
10/30/2000 07:49 AM
To: Stuart Staley/LON/ECT@ECT, George McClellan/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Peter
Bradley/LON/ECT@ECT, Samuel Grossman/LON/ECT@ECT, Pierre Aury/LON/ECT@ECT,
Chris Connelly/LON/ECT@ECT, Riaz Rizvi/LON/ECT@ECT, Manfred
Ungethum/LON/ECT@ECT, Sven Becker/FRA/ECT@ECT, John Moran/LON/ECT@ECT,
Cornelia Luptowitsch/LON/ECT@ECT, Scott Longmore/LON/ECT@ECT, Tiffany
Cochran/LON/ECT@ECT, Elizabeth McCarthy/LON/ECT@ECT, Tom Kearney/LON/ECT@ECT,
Stephen Pirozzi/LON/ECT@ECT, Dimitri Taylor/LON/ECT@ECT, Kenny
Nicoll/LON/ECT@ECT, Lisa Kent/LON/ECT@ECT, Candace Parker/LON/ECT@ECT, Harry
Papadopoulos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Katrina
Bensadon/LON/ECT@ECT, Jez Peters/LON/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON,
Tom Mcquade/HOU/ECT@ECT, Scott Pack/NA/Enron@Enron, Dan Edwards/NA/Enron@ENRON
cc: Paul Mead/LON/ECT@ECT, Karolina Potter/LON/ECT@ECT, Meindert
Witteveen/LON/ECT@ECT, Louis Redshaw/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT,
Gregor Baumerich/LON/ECT@ECT, Florian Neubauer/LON/ECT@ECT
Subject: ARA Coal Mkt Summary

MKT SUMMARY

The producers did not dissapoint at Coaltrans with evidence as early as
Monday afternoon that they had managed to whip up
a bullish frenzy amongst most of the industry participants. However the fact
remains that fundamentals have changed little
in the past month with the same supply issues which served to tighten this
mkt over the last eight weeks continuing to keep a
firm hold on the market throughout Q4 and Q1 2001. Indeed with the ocean frt
market still steeply inverted for the winter versus
the rest of the year ( $11 versus $9.50 RBCT/ARA) and with the U.S mkt
experiencing a massive squeeze front end (east coast
trading $35 fob barge) there is little sign of relief in the short term - Q1
2001 Fob ARA is now trading close to $44 with Jan/Dec
2001 around $43.25. Producers will of course lead us to believe that the
origin markets are structured in a steep contango for
the remainder of the year, however leaving the issue of mkt consolidation
aside there is little in the mkt to justify this - if anything
demand in the Far East looks a little shakier with steel orders slowing down
and the financial markets under pressure and forecasts
for European demand estimate unchanged demand year on year. While a marked
sell off for second half of the year is unlikely we
see the forward curve on the fob origin side flat going forward rather than
contango. This said we cannot preclude a shift higher
of absolute prices for the whole curve from where we are today at around $33
Fob South Africa equivalent to $35 - there is still
plenty of business to be done for 2001 and my feeling is that consumers will
end up buying into it rather than risk the wait and
see game - we cannot underestimate the influence on international prices that
the cartel hold and even if this is exaggerated
it's implication is enuff to create a bullish psychology.

SPOT TRADES

150,000mt of Pinang quality from KPC for Dec shipment at $27.60 Fob Indo
basis 6000 kcal/kg
160,000mt of Prima  quality from KPC for Nov shipment at $30.15 Fob Indo
basis 6400 kcal/kg
150,000mt option of Prima quality from KPC - to be shipped latest end June at
$30.65 Fob Indo basis 6400 kcal/kg.
2 x 150,000mt Put Options from TXU for April/Sep and Oct/Mar 02 respectively.
Strike price  is $40.50 basis Amsterdam/
Rotterdam and expiry is Feb 15 and Aug 15. Premium - $0.50 cents.

SELLING SIDE

British Energy - pitching a 1,3 and 5 year deal to them as an extension to
current contract we have with them which runs out
end March.
Scotts Power - looking to turn present Feb cape commitment from CIF to  FOR
deal and sell incremental cape for March
arrival.
H Del C - offering them a 9 year put option basis the SECA.
Endessa - we have offered them 4 plus 1 cape business  for 2001 based on $31
Fob South Africa.
NCSC - looking at doing various geographical swaps and they will be utilising
EOL in the next week to hedge some of their
implied short position.
Heidelberger - offered them a hdymax of South African material CNF Turkey for
November delivery at $47.50.
Bremen - shud sign within the month an eight year deal with Stadtwerke Bremen
supplying them some 850,000mt of generic
quality coal on an annual basis.
Bewag - currently working an offer to supply 1 million mt for 2001 on
delivered stockpile basis
ENBW/Neckarverke/Preag - offering Oz material for Nov/Dec just shy of $43 fob
ARA.
Braunschweig - offered them 3 x 60,000mt for Mar/Jun/Jly delivery into
Nordenham at $43.75 cif.
 Dyckerhoff - offered 4 x 15,000mt of generic South Africa material for
April/November delivery at $43.50 fob barge.

BUYING SIDE

Duiker - Have put various structures in front of Duiker which involves us
buying a cape a quarter for 2001 - they are due to get
back to us within the next few days.
Drummond - offered us a 5 year deal staring in 2002 at $35 Fob Colombia -
thanks!!
Krutrade - working numbers to put an aggressive multi-year offer in front of
Krutrade as they seem to be the movers in the Russian
mkt at present - we must establish a decent source of Russian coal within our
portfolio to service our Bremen and Bewag business
going forward.
Anker - talking with them re securing south african stem out of Maputo for
2001 - they are looking at somewhere around the $27 fob
Maputo level.
Masefield - currently in talks with them to secure some tonnage out of Santa
Marta for 2001.
Coal Procurement - talking about securing a hdymax shipment per quarter out
of Durban for 2001
Currently working with U.S. on finalising numbers for Synfuel supplies for
2001 but currently remain $0.75 - $1.00 apart.

We currently have some 50mmt of Colombian coal sitting on the ground in
Amsterdan/Rotterdam to sell as fillers into backend
of the year and we have the M.V. Cleopatra Dream arriving in Rotterdam on Nov
26 with 143mmt of Australian coal to sell into
the mkt.

EOL

Much of the talk at Coaltrans centred around the press release from
GlobalCoal of the intention of the Cartel plus Rio to launch
an e-platform which will provide mkts against 3 Fob origin points and an ARA
delivery point. Details of operational functionality
are scarce and increasingly it looks like this is explained by fact that they
themselves do not know but general consensus reckons
it will be operational end of first quarter 01. Rather than see this as
competition, if successful it could provide us with more access
to markets than we have previously had and there shud be some fun and games
to be had with the various producers.

Total volumes for EOL to date are at 1,700,000mt. We have seen a lot of
interest in our options which in not surprising given current mkt
conditions as consumers look to hedge themselves with cheap out of the money
options. As volatility increases other non-traditional coal
players are also entering the mkt to utilise the opportunities which
increasingly volatility presents. Next project is to get quotes in Euros and
after that we will begin to look at spark spreads via EOL.

GAMEPLAN

We had a major cuppla weeks on the buying side prior to Coaltrans - 75% of
which is owned through optionality out of RBCT at between
$30 and $31.50. Additional avenues into South Africa through Maputo and
Durban now means that we have a decent portfolio of South
African material to add to our Colombian long. Overall our position is some
2.5 million mt long including the latest Indonesian purchases -
our efforts now are focused on securing some of the term business which is
out there at current numbers - it is difficult to call this mkt
in either direction with any certainty and hence we are busy covering any
downside potential with a host of put options which the utilities
are keen to mkt in this bullish enviroment. After weeks of writing that we
need to add other origins to our long portfolio we look in far better
shape today with good prospects to add further flexibility in terms of
diversity of origins which ultimately reduces our reliance on Drummond.
While the mkt in general is still seemingly unable to grasp the true value of
an option we will continue to exploit this chink by owning as
much flexibility as possible thru physical put and call options.

Best Regards
Jez


Here is the info on the meeting in Dallas.  I am glad that you will be able
to join us. --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/02/2001 02:16 PM
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           01/25/2001 05:31 PM

To: Bob M Hall/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT, Leslie
Reeves/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Beth Perlman/HOU/ECT, Peggy
Hedstrom/CAL/ECT@ECT, James Scribner/Corp/Enron@Enron, Sheri
Thomas/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Thresa A Allen/HOU/ECT@ECT, Scott
Earnest/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT, Todd Busby/NA/Enron@Enron,
Shona Wilson/NA/Enron@Enron, Robert Superty/HOU/ECT@ECT, Michelle
Bruce/HOU/ECT@ECT, Vanessa Schulte/Corp/Enron@Enron, Jennifer deBoisblanc
Denny/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, Laura E
Scott/CAL/ECT@ECT, Beth Apollo/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, Steve
Whitaker/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Richard Sage/LON/ECT@ECT,
Andrew Cornfield/LON/ECT@ECT
cc: Heather Choate/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT, Zionette
Vincent/NA/Enron@Enron, Marvia Jefferson/HOU/ECT@ECT, Cherylene
Westbrook/Enron@EnronXGate, Adrial Boals/Corp/Enron@Enron, Jennifer
Rosado/NA/Enron@ENRON, Yvette G Connevey/Corp/Enron@ENRON, Mercy
Gil/NA/Enron@Enron, Salisha Ramos/NA/Enron@Enron, Sue Foust/HOU/ECT@ECT,
Braedi Craig/NA/Enron@ENRON, Pamela Sonnier/HOU/ECT@ECT, Fiona
McNaught/LON/ECT@ECT
Subject: ASE on February 12-13, 2001 in Dallas, TX

On January 12, I hosted a brainstorming session at the Four Seasons hotel in
downtown Houston in which we assembled a number of ideas regarding mid and
back office services we could offer to the commodity industry.  To complete a
plan for launching this strategic commercial venture, we are hosting an
integrated design session facilitated by Cap Gemini Ernst & Young (CGEY) at
their Accelerated Solutions Environment in Dallas, Texas.

I am personally extending an invitation to you to participate in this design
session.  This is a critical two-day event to be held February 12th and 13th
in Dallas, Texas.   This work session is based on a unique approach called a
DesignShopv.  It is a very focused, activity-driven event that is composed of
various modules and exercises performed in small and large groups. If you
have not attended one of the DesignShops related to SAP, you will likely
regard this session as different from any working session you have previously
experienced. The prior DesignShops held in conjunction with SAP have proven
to be very successful.  Therefore, we have elected to utilize this same
methodology on this very critical and strategic venture.

A limited number of representatives from Enron will be attending.  You were
selected to be one of approximately 30 key individuals to participate in the
DesignShop. You are being asked to participate in the full two days with as
little distraction or interruption as possible.  The quality of our results
depends on each participant being fully engaged and participative for the
entire event.   Additionally, you will be relied on in the future to support
and communicate our commercial strategy as it is defined at this session.
This date was specifically selected to avoid critical operational periods so
that your participation can be maximized. Therefore, please make all
necessary arrangements at the office to minimize your distractions during
these two days.

Please review the attached information regarding hotel, flight information,
and transportation.  Preliminary information as to schedule and environment
has also been included.  You may direct any additional questions concerning
the event to Mary Solmonson at (713)-853-6079.

I hope that you will be able to participate.  Please confirm your attendance
for the two days with Marvia Jefferson at 713-853-9165 by January 29th 5:00
p.m.  If you are unable to attend, it may be appropriate to select someone
else to participate.  Please do not extend an invitation to anyone else to
take your place until you and I have discussed this.

I thank you in advance for your participation and look forward to seeing you
in Dallas!


Per Jim's request.  I will send you the previous repoerts and I have asked
B&P to include you on the distribution for any future reports.  The hearing
was originally supposed to conclude yesterday, but obviously did not.  We are
not sure how long it will continue.

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 05/23/2001
09:51 AM ---------------------------

James D Steffes@ENRON
05/23/2001 07:18 AM
To: Rebecca W Cantrell/HOU/ECT@ECT
cc:
Subject: CPUC v. El Paso - Day 7

Becky --

B&P should probably send this information to Jeff Dasovich as well.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 05/23/2001
07:16 AM ---------------------------

"Kimberly Curry" <kcurry@bracepatt.com> on 05/23/2001 12:06:23 AM
To: <jsteffe@enron.com>, <jthome@enron.com>, <llawner@enron.com>,
<lyoho@enron.com>, <Rebecca.w.cantrell@enron.com>, <skean@enron.com>
cc: "Randall Rich" <rrich@bracepatt.com>

Subject: CPUC v. El Paso - Day 7

All:

Attached is a brief memo summarizing today's hearing.

Kim

Kimberly A. Curry
Bracewell & Patterson, L.L.P
2000 K Street, N.W.
Suite 500
(202) 828-7623 (phone)
(202) 857-2107 (fax)
kcurry@bracepatt.com

 - #142807 v1 - DAY 7 MEMO.doc


Marcus -

Here is the note I sent on 3/31.  David Mitchell is definitely the right guy.

Mark
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
04/08/99 05:54 PM ---------------------------
To: Marcus Von Bock Und Polach/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT
Subject: Re: Electronic Trading Systems

Marcus:

I tried unsuccessfully to reach you by telephone - the number I was give for
you appears to be at some other company entirely.  Please feel free to call
me once you get this note to discuss further.

The OMLX issue related to having the terminal of a non-US futures exchange in
the US.  There is a related but different issue you can discuss with Paul
Simons that came up in connection with the ZUMA 2000 trading system in
London.  On that system, we would have been able to trade financial contracts
electronically.  The problem was that our counterparties were also US
entities and, in some instances, trading from the US.  I believe that the
advice we received from Cadwalader was that if our counterparties were all
outside the US we would have been able to trade on ZUMA 2000.   Of course,
all of this relates to derivatives trading.  If the system you have in mind
will be for the physical commodities, we should include Jeff Hodge in the
discussion.

I have no objection to you contacting David Mitchell directly.  I am copying
Paul on this note since it makes sense to coordinate with him since he has
already dealt with similar issues.

Marcus Von Bock Und Polach
03/30/99 10:18 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject:

Mark, in the course of our effort to establish internet-based click-and trade
business for a number of commodities (mainly gas, power) in the main markets
of Europe (and with respect to pulp&paper also possibly the US), I think, it
is necessary to evaluate the CFTC issues. I understand that Cadwalader has
given some advice earlier this year re. OMLX and think it may be best to
contact them. Who do you think, I should contact (I understand, the person we
earlier dealt with was a David Mitchell) and how do you want to play this
contact. Greetings, Marcus.


540039, 541695, 541715, and 541737 are booked to Enmax Corporation.  I think
they should be booked to Enmax Energy Corporation.  Wendy Conwell in credit
has prepared a credit work sheet on this CP so I believe this is the correct
entity.  Can you check?


Everyone:

I forgot to mention, these are due today.  Comments back as soon as possible
are appreciated.

Sarah

	Sarah Novosel
	12/13/2000 11:17 AM

		 To: James D Steffes/NA/Enron, Joe Hartsoe/Corp/Enron, Susan J Mara/NA/Enron,
Jeff Dasovich/NA/Enron, Richard Shapiro/NA/Enron, Steven J Kean/NA/Enron,
Richard B Sanders/HOU/ECT, Stephanie Miller/Corp/Enron, Christi L
Nicolay/HOU/ECT, Mary Hain/HOU/ECT, pkaufma@enron.com, pallen@enron.com
		 cc:
		 Subject: Enron Response to San Diego Request for Gas Price Caps

Please review the attached draft Enron comments in response to the San Diego
request for natural gas price caps.  The comments reflect Becky Cantrell's
comments (which are reflected in red line).  Please respond to me as soon as
possible with your comments, and please pass it on to anyone else who needs
to see it.

Thanks

Sarah


It is with sadness and regret that we announce that Cliff Baxter is resigning
as an employee of Enron.  We are happy, though, that Cliff,s primary reason
for resigning is to spend more time with his family.

Cliff is a unique talent.  His creativity, intelligence, sense of humor, and
straightforward manner have been assets to the company throughout his
career.  He will be missed.

Cliff joined Enron in 1991 and was a key member of the team that built Enron,
s wholesale business.  Before becoming Vice Chairman of Enron, Cliff served
in a variety of positions in Enron,s wholesale businesses, culminating in his
appointment as Chairman and Chief Executive Officer of Enron North America in
1999.

We have asked Cliff, and he has agreed, to continue in a consulting role for
the company while concluding negotiations on a number of key asset
dispositions.

Please join us in thanking Cliff for his service to the company and in
wishing him the very best.


In response to the attached email, I told Hal that I would prefer the
Assignment, Bill of Sale and Conveyance.  To me, that is easier and cleaner
(a tax auditor would likely be more comfortable with a simple document that
unconditionally demonstrates conveyance of title).  It is also consistent
with our discussion of the other day (except now ENA is conveying the
remaining interest in Enron Sandhill Limited Partnership (which actually
makes sense)).

Please provide any comments that you might have ASAP.

Stuart

----- Forwarded by Stuart Zisman/HOU/ECT on 12/12/2000 05:32 PM -----

	"Haltom, Hal" <halhaltom@akllp.com>
	12/12/2000 05:21 PM

		 To: <stuart.zisman@enron.com>
		 cc:
		 Subject: Austin Energy Amendments

Attached are two approaches to transferring title from ENA, as
contractor, to Austin Energy and Sandhill, as owner, to the equipment
and other materials to be incorporated into the project. I believe
either approach works.

1. Assignment, Bill of Sale, and Conveyance.  This document transfers
title from ENA to Austin Energy and Sandhill in the percentages that
they own the facility under the Participation Agreement. It would be
executed only by ENA.

2. Second Amendment to EPC Contract.  I have added a new paragraph 4 to
the existing proposed Second Amendment to EPC Contract. This paragraph
amends Section 7.8(a) of the EPC Contract to provide that title passes
when the owner pays ENA for the equipment but no later than December 15,
2000.

Please let me know which approach you believe would be preferable.

Thanks, Hal.

 <<Second Amend.doc>>  <<Asmt, Bos, Con.doc>>
 - Second Amend.doc
 - Asmt, Bos, Con.doc


Please send the docs to me only, and I will talk to Ben.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/04/2001 03:10
PM ---------------------------

	From:  Ben F Jacoby @ ECT                           01/04/2001 02:57 PM

Sent by: Ben Jacoby@ECT
To: "Campbell, Carolyn" <CCampbell@KSLAW.com> @ ENRON
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>@ENRON, "Keffer, John"
<JKeffer@KSLAW.com>@ENRON, Fred Mitro/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron

Subject: RE: Turbine / Transformer Prototype Documents

Please provide me with copies of these documents, and we'll make the changes.
Thanks.

Ben

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/04/2001 01:40:40 PM
To: "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Keffer, John"
<JKeffer@KSLAW.com>
Subject: RE: Turbine / Transformer Prototype Documents

Ben:

Substantive revisions were made (changing the earnest money concept to a
development fee concept, more complete termination provisions, replacing
confidentiality provisions with reference to a confidentiality agreement,
elimination of provisions addressing mediation) and the prototype documents
were recirculated on 12/15/2000.  However, the 12/15/2000 drafts of the
documents make specific references to NRG Thermal and contain specific dates
that would no longer be relevant.  We would recommend further revision to
address these matters before circulating for another potential transaction.

Carolyn Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
CCAMPBELL@KSLAW.COM <mailto:CCAMPBELL@KSLAW.COM>

-----Original Message-----
From: Ben.F.Jacoby@enron.com [mailto:Ben.F.Jacoby@enron.com]
Sent: Thursday, January 04, 2001 1:19 PM
To: Campbell, Carolyn
Cc: Kay.Mann@enron.com; Fred.Mitro@enron.com; Chris.Booth@enron.com
Subject: Re: Turbine / Transformer Prototype Documents

Carolyn:

Are these the most recent form documents, or were there any material
changes made when we were dealing with NRG on the LM6000s? Please let me
know.

Regards,

Ben

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 12/14/2000 04:26:00 PM

To:   "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>
cc:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>,
      "'Jim.Gilbert@enron.com'" <Jim.Gilbert@enron.com>,
      "'Dale.Rasmussen@enron.com'" <Dale.Rasmussen@enron.com>, "Keffer,
      John" <JKeffer@KSLAW.com>
Subject:  Turbine / Transformer Prototype Documents

 <<2RZ501!.DOC>>  <<2R6LRED.DOC>>  <<2RZ601!.DOC>>  <<2RLSRED.DOC>>
<<2RZ5RED.DOC>>  <<2RZ801!.DOC>>  <<2RSWRED.DOC>>

We have enclosed initial drafts of the following documents:

     1.   Letter Agreement for the Turbine Transaction (clean copy and
blacklined copy marked to reflect revisions from the current draft of the
turbine letter agreement with Coral);

     2.   Letter Agreement for the Transformer Transaction (clean
copy, blacklined copy marked to reflect revisions from the current draft of
the transformer letter agreement with Coral, and blacklined copy marked to
reflect revisions from the turbine letter agreement referenced as item no.
1
above);

     3.   Limited Liability Company Agreement (clean copy and
blacklined copy marked to reflect revisions from the current draft of the
LLC agreement for CA/ED-II).

As mentioned on the telephone, I have retained a number of the
representations and warranties requested by Coral, with modifications where
necessary to eliminate those aspects which were objectionable to Enron.
The
justification for this is that nearly any purchaser would insist on such
representations, and it is often more advantageous to present a draft that
appears to be neutral, rather than allow the counterparty to focus on what
is not there and then have the advantage of drafting precisely what it
wants.  Therefore, we suggest that Enron carefully review the
representations and warranties in order that any objectionable items can be
eliminated before circulation of documents to the counterparty.  Because we
rearranged and reorganized the representations and warranties to make a
more
clear presentation, the blacklined drafts will not be very helpful fur
purposes of reviewing representations and warranties.

Please review the enclosed at your convenience and advise of any comments.
Thank you.

Carolyn M. Campbell
King & Spalding
713-276-73-7 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures:    129569v1
          129569v1 from 128541v14
          129570v1
          129570v1 from 129088v6
          129570v1 from 129569v1
          129572v1
          129572v1 from 129344v1

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not
the named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

(See attached file: 2RZ501!.DOC)
(See attached file: 2R6LRED.DOC)
(See attached file: 2RZ601!.DOC)
(See attached file: 2RLSRED.DOC)
(See attached file: 2RZ5RED.DOC)
(See attached file: 2RZ801!.DOC)
(See attached file: 2RSWRED.DOC)

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed051001.pdf
 - ed051001.xls


The attached file contains the May '00 Baseload citygate and storage
injection/(withdrawal) requirements.   Please note the caveats in the Comments
worksheet.  We will address those promptly on Monday.    CES personnel note
that the attached file is archived on the network in P:\Energy
Ops\Enron\May_00\  so you don't need to save it elsewhere.

Have a nice weekend.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Reqs.xls


Jose, I think the supplemental info you have provided is outstanding and
helpful to the lenders in understanding the overall picture and the history.
However, its focus is not the central concern of the lenders at this point as
I understand it.  The lenders and their counsel are concerned specifically
about third party liability meaning, I believe, lawsuits or claims from
parties who did not receive power because Cuiaba failed to generate.
Therefore, I think the questions which Tozzinni needs to address are along
the lines of:

1) If EPE is required to sign the agreements by ANEEl, What is the extent of
damages that could be claimed in the context of such agreements?

2) Could any consequential damages be assessed?

3) Could EPE excuse itself from the legal proceedings on the basis of the bid
documents, the PPA or other agreements with Furnas, Electronote or Eletrabras?

4) How would the economic equilibrium process work in the case of a judgement
which was payable by EPE?  Could the process be expedited to avert a
liquidity crisis?

5) Could EPE be denied access to the grid as a result of failure to cover a
spot market price assessed by the MAE stemming from an unscheduled outage?

6) Similarly, could EPE incur penalties or be denied transmission if they
failed to contribute in accordance with the shared liability provisions of
the agreements?

7) Will we need to sign the agreements for other reasons (such as access to
back-up power) which would be excluded from the protections by Furnas under
the PPA?

9) Could Furnas deny or delay reimbursement if the amount is not recoverable
by them or while they are awaiting word on a claims recoverability?

10) A question for insurance - Does our Business Interuption insurance
protect us in any of these instances?  (Note: the US$20MM Sponsor liquidity
facility provides some comfort to the lenders)

John, stop me if you think I am off track.  If you have other questions which
you think need to be addressed please continue ....


If you prorate the min. monthly fee for a partial month, and you prorate the
termination for the balance of that partial month, you--in aggregate--get the
beginning balance shown on the schedule.
 -----Original Message-----
From:  Mann, Kay
Sent: Friday, May 25, 2001 9:40 AM
To: Rorschach, Reagan
Subject: RE: Open items for MDEA

I don't understand the last sentence.

From: Reagan Rorschach/ENRON@enronXgate on 05/25/2001 09:31 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Open items for MDEA

The value in the table is the beginning balance for each month.  So if they
cancel in the middle of the month, they should pay the balance at the
beginning of that month and no prorated minimum monthly fee.  If you prorate
it on both ends, you end up getting the total balance shown at the beginning
of the month.

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, May 25, 2001 9:08 AM
To: Rorschach, Reagan
Cc: Coulter, Kayne; May, Tom; Miller, Jeffrey; Fairley, David
Subject: RE: Open items for MDEA

Schedule reflects amount due for cancellation on or before the stated dates?

From: Reagan Rorschach/ENRON@enronXgate on 05/24/2001 01:19 PM
To: Kay Mann/Corp/Enron@Enron
cc: Kayne Coulter/ENRON@enronXgate, Tom May/ENRON@enronXgate, Jeffrey
Miller/ENRON@enronXgate, David Fairley/ENRON@enronXgate

Subject: RE: Open items for MDEA

Kay, see attached.  The monthly fee should be $13,003.  I took the $300k we
have all been discussing and backed out the $12,500 they paid under the ILA
terms.

 << File: Cancellation Fee Schedule.doc >>

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 24, 2001 11:35 AM
To: Mann, Kay
Cc: Rorschach, Reagan; Kroll, Heather; Fairley, David; May, Tom
Subject: Re: Open items for MDEA

More:

We need internal agreement on the cancellation fee schedule, to be included
as an exhibit.

What is the status of the Yazoo City master gas agreement?  Do we still want
a master gas agreement for Clarksdale, also?  Do we want it now?

Thanks,

Kay

 << OLE Object: Picture (Device Independent Bitmap) >>
Kay Mann
05/23/2001 05:05 PM
To: Reagan Rorschach/Enron@EnronXGate, Heather Kroll/Enron@EnronXGate, David
Fairley/Enron@EnronXGate, Tom May/Enron@EnronXGate
cc:

Subject: Open items for MDEA

Here are issues which I'm unclear about, all of which impact the drafting of
the agreement:

How are we setting the heat rate?  Do we have the GADS (?)?  Is it a daily
average, weekly average?  Flat rate? Adjusted? If so, how often?

Are we comfortable that there are no permit restrictions?

We have determined that we won't deal with fuel oil, right?

We aren't making money on gas, right?

Do we have a defn of costs that we like yet, and if so, how does it fit in to
the picture?

Is there an up-to-date set of exhibits?

It would help if theh commercial part of the team could send me the
following, in words and/or formulae:

The defn and method of establishing the bogey (target production cost)
formula can be an exhibit, which would be great for the commercial team to
work on.   Are we determined how we should deal with imbalances (part of cost
of power)?  How are we setting the bogey?  Formula?  Subject to audit? Two
bogeys or one (gas and oil)?

What is defn of profit?  I think I have the general idea, but a sentence or
two would be helpful as a reality check.  What costs are included on the buy
and sell side?

Re stack model: a sentence or two describing what it is and how it is used.

Updated exhibit on facilities, contracted resources, operating limits.

What information does MDEA need for us to provide in order to split
costs/profits?  Are we clear that Cities buy gas, MDEA buys/sells power?

It would be great if I could get one set of answers to these
questions/issues, which has commercial buy in all around.

Thanks,

Kay


Please make every effort to attend this meeting.
Alma for Toby


Tana, I spoke with Steve Castleberg last week (3/2).  We have closed out this
application since Alliant Energy Corporation is already approved with an
execute ID and Steve Castleberg is a user under that entity.  After speaking
to him, he will access the site using his current ID under Alliant Energy
Corporation.  Thanks.

Walter

 -----Original Message-----
From:  Jones, Tana
Sent: Thursday, March 01, 2001 9:59 AM
To: Moran, Tom; Guidroz, Walter; Sacks, Edward
Cc: Sever, Stephanie
Subject: Alliant Energy Corporate Services, Inc. as authorized agent for IES
Utilities, Interstate Power and Wisconsin P&L

The fellow from Alliant keeps calling me to check on the status of his access
to EnronOnline.  We received the executed ETA Amendment about 3 weeks ago and
he is really hot to trade.  Can you give me some estimate of when we can
expect to get him out of Credit, or call him if there are some credit
issues?  His name is Steve Castleberg and his ph: is 608/877-8207.  Thanks!


The ClickAtHome Database shows that you have placed an order with Dell Computer with an order number of 694722398. Please read below for instructions:

1.  If this is correct, enjoy your computer!
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      http://wwwapp.us.dell.com/us/en/ordstat/index.asp

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         call 1-866-220-3355 **

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    please email enron@avenueb2e.com or call 713-895-9001 to report
    the incorrect order on your behalf.

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    (INCLUDE FOR REPAIR OR SERVICE ISSUES), YOU MUST CALL DELL AT
    1-866-220-3355 BEFORE THE END OF THE 30 DAY PERIOD AND RECEIVE
    A RETURN AUTHORIZATION NUMBER. YOU MUST HAVE THIS NUMBER
    BEFORE THE END OF THE 30 DAYS.

Thank you!

ClickAtHome Team!


It is good to be getting feedback on these standards.  After you have
received all responses, I will be curious as to the number and nature of
changes suggested.  I think for this to be powerful, we will need to expect
all commodities and all locations to meet common standards.  I will reserve
judgement on that however, pending your assessment once you have gotten all
responses.
---------------------- Forwarded by Sally Beck/HOU/ECT on 08/25/2000 12:20 PM
---------------------------

	Peggy Hedstrom
	08/25/2000 09:06 AM

To: Michael E Moscoso/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Jonathan McKay/CAL/ECT@ECT, Dianne
Seib/CAL/ECT@ECT
Subject: Re: Global Standards

We have reviewed the proposed Global Standards and would like to propose two
changes for the Calgary office:

 Function:    Deal Confirmation
 Standard:  Brokered deals confirmed within 24 hours (versus the proposed
same day)

 Function:    Deal Confirmation
 Standard:  Deliver confirmation within 48 hours (versus the proposed 24
hours)

In order for us to meet the originally proposed standards, we would either
require additional staffing or a reduction of the review process for our
transactions.
Let me know if you have any questions or require additional clarification.  I
can be reached at ext. 6753.
Peggy

	From:  Shona Wilson @ ENRON                           08/21/2000 03:28 PM

To: Lisa B Cousino/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Bob M
Hall/NA/Enron@Enron, Steve Jackson/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Stacey White/Corp/Enron@ENRON, Peggy
Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT,
Mary Solmonson/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT
cc: Michael E Moscoso/HOU/ECT@ECT
Subject: Global Standards

As I discussed in the staff meeting, I am sending you the global standards
for your review and comment.  Please review these standards to determine if:

The targets set are reasonable for your business and
As minimum standards, they are comprehensive enough (if you would like to see
additional reporting)

Lastly, in the upcoming month we will start to implement exception reporting
for these standards.  Please let us know who the key contact in your
department would be for this implementation.

Please address all correspondence to Michael Moscoso.

Thank you,

Shona


you are clearly deserving.  good luck!

 -----Original Message-----
From: 	Oh, Seung-Taek
Sent:	Wednesday, June  6, 2001 9:26 AM
To:	Neal, Scott
Subject:	Thanks

Scott

Thank you for recommending me for the trading track program.

As you probably already know, I have been accepted into the program.

Again, thank you very much for giving me this opportunity.

Seung-Taek


Jeff:

Welcome back.  We did send the Analysis Memo last week to all, with some
small difficulty discerning correct email addresses for the various
folks.  Please let us know if anyone did not get their copy.

You have several electronic version of interconnection agreements for
California, and we can discuss at your convenience.  The process for
adopting an agreement "as is" is fairly straightforward in Calif and
will not take that long (a few weeks).

We are also filing updated pages for tariffs, including substantive
service changes which Steve mentioned.  We can show you any documents
before filing (9/5/00 is the last day).

Please feel free to let us know any questions,

Jeremy Meier
Blumenfeld & Cohen


Louise, just want to give you some good news, this morning at 8:50 am, we closed a transaction with Vitro.
They bought a Natural Gas Financial Swap for 100 contracts per month, for 7 months, starting Apr02, ending Oct02.  This a 7 Bcf trade which shows a lot of trust in our company and the new merger.

Best regards.


ALL

Attached is the initial draft of the Strategic Energy TF Report.
This report is for your review and comment at the meeting on 10 Jan 01. The
meeting is scheduled from 6:00 pm to 9:00 pm in NYC and 5:00 pm to 8:00 pm
in Houston.
We expect 32 participants.

Please provide comments to the project director Amy Jaffe or the task force
chair Ed Morse.

Please acknowledge receipt. Copies of the draft report will be available at
both video conference sites.

(See attached file: CFRdraftjan10.doc)

R. Jim Sikes
(212) 434-9494
 - CFRdraftjan10.doc


See the attached memo which represents an attempt to regroup after the hectic last few weeks.

Attached below are the attachments referenced in the memo.

(And once again, your favorite forms!)

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Lisa and Dave --

Are you the right people to discuss payment or modified credit terms for EPMI?  The issue with NEPOOL is that our UI/CMP/NSTAR wholesale reqts deals would be harmed if we don't pay these guys.

I don't know if we should pay, but I need to figure out who is on point for paying if that decision is reached.

I know that John Llodra is trying to sell these positions.

Jim

-----Original Message-----
From: Sacks, Edward
Sent: Monday, December 17, 2001 9:45 AM
To: Steffes, James D.; Nettelton, Marcus; Nicolay, Christi L.
Subject: RE: NE ISO call from Doot

Has anyone brought this to the attention of the cash committee?  (Dave Gorte, Lisa Mellencamp)

Ed

-----Original Message-----
From: Steffes, James D.
Sent: Sunday, December 16, 2001 8:17 PM
To: Nettelton, Marcus; Nicolay, Christi L.; Sacks, Edward
Subject: RE: NE ISO call from Doot

I left Dave Doot a message.  I need to call Monday.  Does anyone have any real options for EPMI?  I am going to suggest that we modify our credit for two options - weekly billing or wholesale sleave.

At the same time, I don't think that we are in default right now - although our surety bonds are being revoked by the issuer.

Ed -- are we in any position to pay NEPOOL for EPMI?  When will the $$ be due?

Most importantly, who is making the decision that our UI/CMP/NSTAR positions should not be funded?

Sounds like NEPOOL is just about done with Enron and its affiliates.

Jim

-----Original Message-----
From: Nettelton, Marcus
Sent: Sat 12/15/2001 7:28 AM
To: Nicolay, Christi L.; Steffes, James D.; Sacks, Edward
Cc:
Subject: RE: NE ISO call from Doot

As long as we continue not to make any promises, but keep the matter "under review".

 -----Original Message-----
From:   Nicolay, Christi L.
Sent:   Friday, December 14, 2001 3:34 PM
To:     Steffes, James D.; Sacks, Edward; Nettelton, Marcus
Subject:        NE ISO call from Doot

David Doot left me a message that he had not heard back and he was expecting our proposal yesterday (which we had not told him).  He also said that the bonding company was "rumbling" that it was not going to pay.  I do not know what their obligation is to pay, but I would think that "rumbling" is not default, yet.

Jim S. is going to call David Doot back this afternoon.


Please let me know your login ID.

Thanks,

Errol


Revised with language from the Master.

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


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/27/2000
11:02 AM ---------------------------

Sarah Mulholland
12/22/2000 06:05 AM
To: Jennifer Fraser/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Caroline Abramo/Corp/Enron@Enron, Mario de la
Ossa/NA/Enron@ENRON, Phil Clifford/HOU/ECT@ECT, Bill White/Enron
Communications@Enron Communications, Bill F Briggs/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT
cc:
Subject: NE Heating Oil Reserve

Sorry, behind a little on the news I am sure.  In case you haven't heard, and
to see solid figures:


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.


The Democrats just keep giving and giving to the honor and prestige of the
office of the President of the United States.

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - Democratic Seal.jpg


i am not drinking.  i feel like the dude from leaving las vegas


Could you please get with T.K. and have her put in the appropriate rates in CBS for the
following contracts:

CR #		Shipper				Effective		MDQ
27803		BP				1/1/03 - 12/31/04	25,000
27813		Sempra				2/1/02 - 2/28/02		15,000
27819		PG&E				2/1/02 - 10/31/02	20,000
27821		Cinergy				2/1/02 - 2/28/02		  5,000

I believe these are all the new contracts that have been done recently.  If I missed any
please let me know.

Thanks!

Jan
X53858


When you see Gas Deals that are between two parties other than Enron, throw
them away.  Joe has said that we do not need to call them to let them know,
just toss them.

Brenna


I don't know if you have spoken with Susan Flynn about her schedule
before/after her surgery, but I have some questions that you may have already
addressed, such as:

Has Susan prepared a matrix reflecting the status of documentation (i.e.,
existing masters, agreements to use ENA master/terminate counterparty
master,etc.) with the various CES counterparties?  Carol mentioned that she
could finalize this project.

Will someone receive be checking Susan's email and voice mail and physical
mail each day?

What efforts (if any) are ongoing with respect to PGE?

What about existing files?  Top Tens (Swiss Re)?  Any ISDA comparisons could
be accelerated by giving directly to attorneys.

Who will prepare reports for legal/credit meeting?

Who is entering year-end deals onto Lotus Notes?  Should Susan Bailey handle
per Carol's suggestion?

I'm sure that everyone in the group would appreciate a better understanding
of how to handle the situation.  Thanks.  Sara


Elena,

Please, review the energy related info in this database (if any) and talk to
me
about it.

I would like to do some research in this area and ask you to write a summary
report.
Nothing urgent.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
03:52 PM ---------------------------

Andrei Osonenko <andrei@swapsmonitor.com> on 10/11/2000 04:26:38 PM
To: (Recipient list suppressed)
cc:
Subject: Swaps Monitor Research.

We have today published information about the OTC derivative activities of
the largest Dutch dealers. This research is contained in the attached pdf
file.

Through our web site, SwapsMonitor.com, you can obtain additional information
about OTC derivatives dealers, including rankings and a database of
outstandings going back to 1994.

As an e-mail subscriber to our research, you will automatically receive all
free research at the same time it is placed on our web site. If you wish to
remove your name from the e-mailing list, please use the Reply feature of
your e-mail application and type the word "Remove" in the subject line.

Regards,

 - dutch_dealers.pdf
Andrei Osonenko
Research Department


Sounds very good and I agree with the suggestions to include the two listed
items from the Houston conference.  Here's one more suggestion:

Based on recent discussions (including at Strategic Planning last week), we
might consider adding as a topic European regulatory status, including the
Market Abuse Directive.  By December there should be a draft.  Annalisa
Barbargallo in our London office would be one good speaker.

We certainly hope Mark H will be able to attend and speak on California - as
Committee Chair and Board Member from Enron.

-----Original Message-----
From: Mark.Taylor@enron.com
To: scarey@isda.org
Cc: rainslie@isda.org; Mark.E.Haedicke@enron.com; Mark.Evans@enron.com;
Justin.Boyd@enron.com; Paul.Simons@enron.com;
Marcus.Vonbock.Und.Polach@enron.com
Sent: 5/24/01 7:06 PM
Subject: ISDA European Energy Conference Agenda

Stacey,

Mark H. and I met this afternoon to discuss the December conference
agenda
and have the following suggestions:

1.  Review of California Energy Litigation -- (Mark H. would be good for
this one.  If he can't make it, we can probably find a substitute.)
2.  German Energy Markets
3.  Convergence of Commodity Trading Forms

There were also a couple of topics included on the Houston agenda this
year
that might also be appropriate:

Christophe's panel discussion on new markets
E-commerce panel

I have also copied several of the lawyers in our London office who are
active in the derivatives and commodity trading world to solicit their
suggestions for appropriate topics to be added to the agenda.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
04:25 PM ---------------------------

Zimin Lu
12/15/2000 04:16 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: WTI model

Stinson,

This is the latest WTI model for open-close trading.

Zimin


Tana:

The following CPs are authorized to trade U.S. power products:

1.  Puget Sound Energy, Inc. -- open for West products, but ENRON SALES only
for East products.
2.  City of Pasadena

The following CPs are NOT authorized to trade U.S. power products:

1.  Anderson Exploration -- This CP was restricted by credit.
2.  Shell Chemical Risk Management Company
************************************************************
Puget Sound can trade in the West pursuant to the WSPP agreement, but since
it is a utility, Enron can sell only to the CP in the East pursuant to the
on-line GTCs.

City of Pasadena is a current trading partner.  We have an old 1994
Interchange Agreement in place, but this CP must trade on EOL via the on-line
GTCs.  Accordingly, I will send this CP an override letter.

Shell Chemical Risk Management Company -- We do not have a trading
relationship with this CP, and it is not on my FERC list as an approved power
marketer.


Mark,

Attached is an amended version of the trading groups only following comments
received.

       Mark


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

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

Nat Gas May/Jun Spread     http://www.carrfut.com/research/Energy1/NGK-NGM
NatGas SPREAD81.pdf
Nat Gas Jun/Jul Spread     http://www.carrfut.com/research/Energy1/NGM-NGN
NatGas SPREAD81.pdf
Nat Gas Jul/Aug Spread     http://www.carrfut.com/research/Energy1/NGN-NGQ
NatGas SPREAD81.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


They have received it but not opened it yet.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/31/2000 09:06
AM ---------------------------

System Administrator <postmaster@ercc.com> on 10/31/2000 09:02:37 AM
To: Kay.Mann@enron.com
cc:

Subject: Delivered: Oct 30 version of FCE/Enron contract

 <<Oct 30 version of FCE/Enron contract>> Your message

  To:      rlevine@fce.com; hnock@fce.com
  Cc:      Scott.Healy@enron.com
  Subject: Oct 30 version of FCE/Enron contract
  Sent:    Tue, 31 Oct 2000 10:00:13 -0500

was delivered to the following recipient(s):

Levine, Ross on Tue, 31 Oct 2000 10:02:37 -0500
Nock, Herb on Tue, 31 Oct 2000 10:02:37 -0500

----- Message from Kay.Mann@enron.com on Tue, 31 Oct 2000 10:00:13 -0500 -----
To:	rlevine@fce.com, hnock@fce.com
cc:	Scott.Healy@enron.com
Subject:	Oct 30 version of FCE/Enron contract


Attached, please find the latest draft of SBX 1 which was amended
yesterday.  The bill will be heard by the Senate Appropriations
Committee on Monday, April 30.

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_1_bill_20010423_amended_
sen.pdf


Done.

	Stephanie Panus@ENRON
	01/24/2001 11:28 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Credit Contact

Tana,
Can you add Ken Curry as a credit person in our financial trading agreements
database?

Thanks.


Mog,

Here's the Socal file as requested.  As I indicated, this information is a
competitive advantage of ours, so it should stay in the company.  Thanks.

Mat


---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 04/02/2001
11:37 AM ---------------------------

"Jon Schnitzer" <jons@amerexenergy.com> on 03/28/2001 09:27:20 AM
To: "susan schnitzer" <s.schnitzer@worldnet.att.net>, "Sandra F Brawner"
<Sandra.F.Brawner@enron.com>, "keith taylor" <kata@dynegy.com>, "lance
jordan" <lcjo@dynegy.com>, "john shaw" <john.shaw@glencore-us.com>, "jeremy
davis" <jjda@dynegy.com>, "david dunnavandt" <ddunnavant@reliantenergy.com>,
"anrew o ertel" <aertel@evomarkets.com>
cc:
Subject: Fw: Wednesday Laugh

----- Original Message -----
From: "Gabriela Rehlinger" <grehlinger@altra.com>
Sent: Wednesday, March 28, 2001 9:01 AM
Subject: FW: Wednesday Laugh

> > Fishing Trip
> > A young guy from Texas moves to California and goes to a big department
> > store looking for a job.  The manager says, "Do you have any sales
> > experience?"   <<...OLE_Obj...>>
> > The kid says, "Yeah, I was a salesman back home in Texas."
> > <<...OLE_Obj...>>
> >
> > Well, the boss liked the kid, so he gave him the job. "You start
tomorrow.
> > I'll come down after we close and see how you did."   <<...OLE_Obj...>>
> >
> > His first day on the job was rough but he got through it. After the
store
> > was locked up, the boss came down. "How many sales did you make today?"
> > <<...OLE_Obj...>>
> >
> > The kid says, "One." The boss says, "Just one? Our sales people average
20
> > or 30 sales a day. How much was the sale for?"   <<...OLE_Obj...>>  Kid
> > says, "$101,237.64."  Boss says, "$101,237.64? What did you sell him?"
> > <<...OLE_Obj...>>
> >
> > Kid says, "First I sold him a small fish hook. Then I sold him a medium
> > fish hook. Then I sold him a larger fish hook. Then I sold him a new
> > fishing rod. Then I asked him where he was going fishing, and he said
down
> > at the coast, so I told him he was gonna need a boat, so we went down to
> > the boat department, and I sold him that twin engine Chris Craft. Then
he
> > said he didn't think his Honda Civic would pull it, so I took him down
to
> > the automotive department and sold him that 4X4 Blazer."
> >
> > The boss said, "A guy came in here to buy a fish hook and you sold him a
> > boat and truck?"
> >
> > Kid says, "No, he came in here to buy a box of tampons for his wife, and
I
> > said, 'Well, since your weekend's shot, you might as well go fishing.'"
> > <<...OLE_Obj...>>
> >
> >


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

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

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

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

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

Thank you for your participation in this important process.

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

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

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
FRANK, CAROLE C                 JEFFREY C GOSSETT               Nov 01, 2000
GAY, RANDALL L                  ROBERT A SUPERTY                Nov 01, 2000


Where is my preliminary P&L for Oct 16?


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 15th

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


Tim

Given the tight schedule, lets try to find a half and hour for me to sit in
front of all of the traders at once.

John


Is there anything I can do from here ?


Enron is forming a new organization - - the Enron Xcelerator - - to drive the
formation and development of new businesses at Enron.  Enron's unique ability
to start and develop new businesses has driven most of our growth over the
years.  Lou L. Pai, currently Chairman and CEO of Enron Energy Services, will
lead the Xcelerator.  Over his years at Enron, Lou has been key to the
creation and rapid growth of our wholesale gas, wholesale power and energy
service businesses.  The existing business units will continue their
development of core businesses, while the Xcelerator will be responsible for
developing new business opportunities that are natural extensions of Enron's
business model and core skills, but not currently under development elsewhere
in Enron.

Dave Delainey, currently President and CEO of Enron Americas, will become
Chairman and CEO of Enron Energy Services.  Dave brings a wealth of
experience and accomplishment from Enron Wholesale Services' businesses where
he led the growth of our Canadian business and our North American origination
activity and, most recently, had a great year in Enron Americas.

Dave is forming an Office of the Chairman in EES.  Joining Dave in the Office
of the Chairman are Dan Leff, President of EES, Global Energy Services, and
Marty Sunde, President of EES, Global Marketing and Services.  Dan and Marty
have been instrumental in the development and execution of the successful EES
business model.  Also joining the Office of the Chairman of EES is Janet
Dietrich as Chief Operating Officer.  Janet, currently is Managing Director
in Enron Americas, where she has been successful in many of Enron Wholesale's
core businesses, including gas trading, risk management and structural
origination.  Tom White will continue as Vice Chairman of EES and will focus
on the development and expansion of EES' customer relationships.  Lou, Tom,
Dan, Marty and the entire EES organization have developed a great business
model with great growth prospects.  EES has become an essential part of
Enron's market valuation and growth story.  This new leadership structure
will enable EES to continue on its path of sustained growth and increasing
profitability.

John Lavorato will succeed Dave as President and CEO of Enron Americas.  John
has been an essential part of Enron's energy trading success over the years
and is a key part of Enron Wholesale Services' continuing success story.
Joining John is Louise Kitchen, currently President and CEO of Enron
NetWorks.  Louise, who accelerated Enron's outstanding growth with the
deployment of EnronOnline, will take over as Chief Operating Officer of Enron
Americas.

Philippe Bibi, currently Chief Operating Officer of Enron NetWorks will take
over as President and CEO of Enron NetWorks.  Under Philippe's leadership,
Enron has become a technology leader and the leading e-commerce company.
Joining Philippe as Chief Operating Officer is Greg Piper, currently Managing
Director of Enron NetWorks.  Greg currently leads Enron NetWork's origination
activity and was responsible for the creation and deployment of ClickPaper,
Enron's successful online pulp and paper marketplace.

Please join us in congratulating all of these individuals on their
achievements and their new responsibilities.


fyi...
 -----Original Message-----
From: 	Wukasch, Jeanne
Sent:	Monday, November 12, 2001 11:21 AM
To:	Erwin, Stephanie ; Halstead, Lia
Cc:	Garcia, Clarissa; Lamadrid, Victor; Olinger, Kimberly S.
Subject:	TGT - Cashout Pricing Rejected by FERC

I wanted to let you know that the filing by Texas Gas Transmission to use GAS DAILY pricing for cashout  was REJECTED by FERC.    So please disregard the cashout information that was included on the PIPELINE SUMMARY you received at our meeting last Monday.
TGT submitted another new filing which proposes using weekly averages in Natural Gas Week and also proposes changing the tiers.  TGT wants to implement this retroactive to October1st.   Numerous entities have filed oppositions to this proposed TGT tariff change.     So at this time,  the method to be used by TGT for cashouts is uncertain.
I will let you know when a cashout methodology gets final approval by FERC.

Jeanne Wukasch
ext.  58495


We need the Assignment and Assumption and Bill of Sale signed.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/25/2001 06:56
PM ---------------------------

Kay Mann
04/25/2001 04:52 PM
To: Catherine Clark/Enron@EnronXGate
cc: Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Roseann
Engeldorf/Enron@EnronXGate

Subject: Delta docs

Hi Catherine,

I don't remember who actually gives the notice, but in anticipation of the
funding of the escrow tomorrow, here are the docs.

I understand there is also a two day notice.  I don't believe I've seen a
form for that one yet.

Who should send this out tomorrow after we get the fed ref?

Thanks,

Kay


Kay

Karla Hesketh at ABB gave me the following information about transformer
status and location:

LNL 9521-1 and LNL 9521-2 (Austin) are at the Austin job site.
LNL 9517-5 and LNL 9517-6 (ESA) have been cancelled.
LNL 9518-1 and LNL 9518-2 (LV Cogen) are not scheduled to ship until 7/31/0.
LNL 9517-1 (PSCO) went into storage on 11/30/00.
LNL 9517-2 (PSCO) is scheduled to go into storage on 12/20/00.
LNL 9517-3 (PSCO) is scheduled to go into storage on 12/21/00.
LNL 9517-4 (Coral) is scheduled to go into storage on 12/31/00.

The storage facilities are located on-site at the ABB factory at the
following address:

4350 Semple Ave.
St. Louis, Missouri  63120

Please let me know if you need any other information.

Thanks,
Rebecca
x57968


I spoke with Donna Bobbish this morning about Steve's question -- does the
President have broader authority to take action during times of crisis.
Donna sent me this quick write up about what she has looked into so far.
Because these questions go beyond a FERC practitioner's expertise, we asked
Donna to work with a Constitutional Law expert at V&E to determine whether,
and under what circumstances, the President's authority may be extended
beyond the authorities discussed in the memo.

We will let you know what we learn from that further research.

Sarah

----- Forwarded by Sarah Novosel/Corp/Enron on 05/23/2001 03:48 PM -----

	"Bobbish, Donna J." <dbobbish@velaw.com>
	05/23/2001 12:16 PM

		 To: "'snovose@enron.com'" <snovose@enron.com>
		 cc:
		 Subject: Presidential Power Question

Sarah:  In response to Steve's inquiry, I did look into this question
briefly when you first gave me the assignment.  I read an interesting law
review article  on "The Imposition of Martial Law in the United States," for
a discussion of presidential powers.  There is no general emergency
authority granted the President in the U.S.  Constitution.  Also, the
article discussed the famous "Truman steel mills case," Youngstown Sheet &
Tube Co. v. Sawyer, 343 U.S. 579 (1952), in which the Supreme Court declared
unconstitutional President Truman's seizure of the steel mills during the
Korean War.  In that case, in light of a threatened national-wide strike in
the national steel industry, President Truman, concerned about the national
defense, issued an Executive Order directing the Secretary of Commerce to
take possession of most of the steel mills and keep them running.  The
Supreme Court said that if the President had authority to take such  an
action, he had to derive it either from an act of Congress or the
Constitution itself.  Since the Supreme Court could not find any seizure
authority, it invalidated the President's action.  The Supreme Court also
rejected the argument that the President had any powers that could be
implied from the aggregate of his powers under the Constitution.

Based on the Truman steel mills case, I thought it the wiser course of
action to look for specific authorities given to the President by statute
which might prove useful.

I could look into this question further, if you would like, but we would be
entering "martial law-type" legal territory, where the President would be
acting outside of specific Constitutional or congressional authority (which
has been described a "zone of twilight"), and in light of the Truman steel
mills case, I don't know how fruitful that might be.

Please let me know if you would like me to do anything more.  Thank you.
Donna
          ++++++CONFIDENTIALITY NOTICE+++++
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named above.  If you are not the intended recipient or an authorized
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and delete this email from your system.  Thank You


Here it is again just in case
---------------------- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT
on 09/12/2000 04:34 PM ---------------------------

John Schwartzenburg
09/12/2000 10:43 AM

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
      Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Sheila Tweed@ECT

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

 I think that I agree with the points and comments you folks raised in the
first echange on indemnities below, but don't have the document to refer
to. Scott, please drop by and brief me on these.  Cognizant Gov't? Never
heard of  the term, and itis not one of the usual defined terms. Don't know
how it's used here, suggest you decline andmake them clarify.

LOL ISSUES:
1. I suppose that this is a NY law contract. I  do not think you can
effectively limit your liability for gross negligence or wilful misconduct
in NY. Regardless of choice of law, we generally cannot get this limited
or excluded in contracts with owners, either.  I think you should not
accept any GE attempt to limit this by means of the cap on liability or
otherwise , and should avoid muddying the water on the point by taking any
"to the fullest extent permitted by law" clause or other  such stuff as a
compromise. It will be important every time we wrap the GE equipment.

2. Generally, I do not think they should be able to limit their indemnity
for Haz Mat, patents, etc.

3. They have consistently refused to clarify that the indemnity  for all
third party losses includes third party consequentials when Brian or
whoever else over here has been the lead negotiator with GE in the past. I
would like to think that we could get it clarified now that the larger
Enron is working it.  Please try it again if you can.

Scott Dieball
09/11/2000 07:29 PM

To:   Kay Mann/Corp/Enron@ENRON
cc:   Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT@ENRON, Ben Jacoby/HOU/ECT@ECT@ENRON

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

See my comments in blue below.

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
      Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:

Subject:  GE Language

I'm not particularly wild about many of the changes proposed by GE.  Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:

Indemnity issues:
They should indemnify us from claims by their employees/subcontractors.
Kay - Is your comment in connection with GE's comment to Section 27.1(iii)
(carve out of the 100% LOL for "gross acts" of its subcontractors, vendors,
ect.)?  GE is in an aggressive outsource mode and needs to remain solely
and totally responsible for the actions and liabilities for its
subcontractors and vendors.  I think Section 20.2(a) as written covers
simple negligence of GE's subcontractors and vendors and I would argue that
we need to keep Section 27.1(iii) as written dealing with gross negligence
of GE's subcontractors and vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government?  Don't know!  This was not discussed with
MIke so I am not sure what is the meaning of adding this term.  We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.

Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another
party's claim for consequentials (as in a personal injury claim).  Agree.

We've don't have anything concrete on assignment yet.  Agree.

Comments?  I suggest we get together before our next scheduled conf. call
to discuss our game plan.

Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work.  Is this a problem?  Works for me...just let
me know when, where, ect.

Kay

They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07
PM ---------------------------

michael.barnas@ps.ge.com on 09/07/2000 07:46:07 PM

To:   stephen.swift@ps.ge.com, Sheila.Tweed.@enron.com,
      Roseann.Engeldorf@enron.com, Kay.Mann@enron.com,
      Scott.Dieball@enron.com, Martin.W.Penkwitz@enron.com
cc:   kent.shoemaker@ae.ge.com

Subject:  GE Language

Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in
his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

Best regards,

     Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

(See attached file: MajorClausesGE01.doc)

 - MajorClausesGE01.doc


For your records.

 -----Original Message-----
From: 	Hill, Garrick
Sent:	Wednesday, March 06, 2002 9:45 AM
To:	Parks, Joe
Cc:	Mazowita, Mike
Subject:	RE: Sitara deal 384247 - Apache Marketing

Please copy Mike Mazowita on anything relating to gas scheduling, billing and payment.

 -----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, March 06, 2002 9:40 AM
To:	Eubanks Jr., David W.
Cc:	Hill, Garrick
Subject:	FW: Sitara deal 384247 - Apache Marketing

David, we are buying this gas as agent for Ponderosa Pine Energy Partners. It is my understanding that the partnership will be responsible for all billing.

Thanks
Joe
39636
 -----Original Message-----
From: 	Germany, Chris
Sent:	Wednesday, March 06, 2002 8:30 AM
To:	Parks, Joe
Subject:	FW: Sitara deal 384247 - Apache Marketing

Looks like a Texas thing to me.

 -----Original Message-----
From: 	Eubanks Jr., David W.
Sent:	Wednesday, March 06, 2002 8:28 AM
To:	Germany, Chris; Dhont, Margaret
Subject:	Sitara deal 384247 - Apache Marketing

Chris,

I show a buy from Apache Marketing for February 2002, production on sitara deal 384247. Is this correct. Please advise.

Thanks

David W. Eubanks Jr
Specialist - Physical Gas Settlements
Enron Net Works, LLC
Phone  713-853-6678
Fax      713-646-8420
email: david.w.eubanks@enron.com

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