The world is treating me ok.  It's just that I can't stop losing money.  It
hasn't been a very good start to my trading life.  What is going on in your
world?  I hope to make it out to the house sometime soon.

Love, Eric

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 03/09/2000 02:17:17 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: gas

Hi son: how is the world treating you? Saw that gas prices were down
significantly yesterday. Hope you maintained your short position. Say hello
to Shana. Let me hear from you. Love-Dad
 - att1.htm


Can you find out the answer to Jeff's question?  MLC

---------------------- Forwarded by Marianne Castano/HOU/EES on 09/28/2000
02:26 PM ---------------------------
From: Jeff Dasovich@ENRON on 09/28/2000 12:52 PM
To: Marianne Castano/HOU/EES@EES
cc:
Subject: Re: SDG&E Credits

Can't wait for the bullets to start to fly.  Do we know what the total $
amount is to EES (if they were to book the entire credit to Enron)?  Thanks.

	Marianne Castano@EES
	09/28/2000 12:39 PM

		 To: Dennis Benevides/HOU/EES@EES
		 cc: Jeff Dasovich/NA/Enron@Enron, Karen A Cordova/HOU/EES@EES, Diann
Huddleson/HOU/EES@EES
		 Subject: Re: SDG&E Credits

Dennis:  Just wanted to bring this item to your attention.  We've researched
the terms of our residential agreements and have noted that they are silent
as to the issue of credits/refunds.  I've asked Jeff and Mike Day, our
regulatory counsel in CA, for their input on whether we should refund these
credits back to our residential customers.

 Notwithstanding  the fact that the language of the original decision
allowing the credits does not address direct access customers, Jeff and Mike
recommend, given the current climate in California, that we take action to
refund these credits to our residential customers.

 Just want to make sure you're "on board" with this before we direct CSC to
refund the credit back to our residential accounts...Marianne

.

	Enron Energy Services

	From:  Karen A Cordova                           09/21/2000 05:00 PM
	Phone No: 713.853.3150
  713.646.8860 - FAX No.

To: Marianne Castano/HOU/EES@EES
cc:
Subject: SDG&E Credits

Diane Huddelston called Lori Pinder about an issue;  Here it is:

Due to the merger btw SDG&G & Sempra Energy (about a year or less ago), a
savings was realized.  The CPUC said these savings must be passed on to
customers 1 time per year, in September.  They are called Annual Merger
Credits.

Pursuant to all commercial contracts, Enron is entitled to keep the savings
(per Diane).  What about the residential customer accounts?

Enron keeps the savings or should the residential customer receive?

Who could handle this issue for Diane?

Thanks, KC


I think the message Christi prepared is great.  Check with her one last time
and then let it  go.
---------------------- Forwarded by Steven J Kean/HOU/EES on 07/17/2000 07:54
AM ---------------------------

Mary Clark@ENRON
07/14/2000 07:51 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc: Steven J Kean/HOU/EES@EES@ECT, Maureen McVicker/HOU/EES@EES@ECT, Christie
Patrick/HOU/ECT@ECT
Subject: Re: United Way

Christie, great job on Steve's message below.  Also, check with Marge Nadasky
for items from the Signature Shop that could be used as giveaways to our
group.

	From:  Christi L Nicolay @ ECT                           07/13/2000 06:03 PM

To: Steven J Kean/HOU/EES@EES, Maureen McVicker/HOU/EES@EES, Christie
Patrick/HOU/ECT@ECT, Mary Clark/Corp/Enron@ENRON
cc:

Subject: United Way

I attended the kick off and coordinator committee meetings for UW today.  The
"Who wants to help Millions" game begins next Wed. (7/19) via email.  I think
Steve could encourage participation from his group with an email sent out
Tues. 7/18 similar to this:

Subject:  Millionaire Game!

Want to have fun?  Want to get on a game show?  Want to help Millions?
Tomorrow you will receive an email that allows you to answer 15 questions via
email responses (about United Way, Enron, and other fun items).
Participation with correct answers puts you in the drawing for the employees
to represent Corp. in a "Who wants to be a Millionaire?" game that will be
played to benefit United Way on August 9.  The lucky and smart
representatives will be playing for great prizes.  I encourage your
participation in the game, but more importantly, encourage your generous
participation in Enron's United Way campaign.  Thanks for your help and HAVE
FUN!

Other items:

Corp. will be sponsoring DePelchin Children's Center through Day of Caring
and other activites during the year.  Other Enron business units will choose
other UW agencies to sponsor through activities.
We need to provide promotions/prizes for our group during the campaign.  Do
we have Enron Field tickets, dinner at Ruggles at Enron Field, use of Steve's
car, etc. that we could use for drawings a couple days after the kick off on
August 9?  We could send emails to Steve's group encouraging them to get
their pledge cards (now online) in early and draw from the early participants.


Hello EJOT-

This is just a reminder about Thursday's (06/29/00) conference call regarding
the weekly Japan update at 6:00 p.m. Houston time. Please forward your
updates to Joe Hirl and please copy me. The call will be held in Conference
room 21C2 for Houston participants.

Domestic:   1-800-991-9019
Intern'l           847-619-8039
Code:            5764488#

Note: If you must take another call while the conference is going on please
hang up, otherwise, if you put the call on hold everyone will hear the
backgroud song played while holding.

Also, please see attacehd last week's consolidated report and our latest
contact list.


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*****************************************************************
SIVY ON STOCKS from money.com
November 20, 2000

=========================================
Monday, November 20 at 8:00pm ET
Money.com presents Ron Insana, co-anchor of CNBC's Business Center and
author of The Message of the Markets, in a chat about today's turbulent
market.
AOL users go to Keyword: Live
http://www.money.com/chat/
=========================================

 From Sivy's mailbox

Here are my answers to recent e-mails about tech, telecom, John Malone and
junk bonds.

By Michael Sivy

I've been receiving a lot of e-mail lately about both the election and the
carnage in tech stocks, and it's hard to say which upsets readers more. The
one thing that seems fairly certain is that neither is over yet.

The Florida Supreme Court may force a decision on the election before
Thanksgiving -- or the legal wrangling may continue for several weeks.
Either way, we're looking at gridlock in Washington. That means the surplus
will balloon, as increases in government spending and tax cuts are both
stymied.

The swelling surplus could reduce the outstanding volume of Treasury bonds
by as much as 15 percent over the next couple of years. That would be very
bullish for all high-quality bonds -- Treasury, agency, blue-chip corporate
and municipal. On the other hand, using the surplus to reduce debt instead
of spending it (or returning it to taxpayers who would spend it) would sap
the economy's energy. That could mean more earnings disappointments from
economically sensitive companies over the next couple of months.

In the long run, though, gridlock could lay the foundation for a resumption
of the stock market boom. Debt reduction and an economic slowdown will
probably encourage Fed chairman Alan Greenspan to cut interest rates
substantially next year, which would be a boon to the overall market.

Now here's a look at some specific questions:

What's up with Cisco and Oracle?
The Nasdaq has been getting walloped and is now down 40 percent from its
highs. I've said that the damage to the tech sector isn't over and that the
group may not rally as usual going into the new year. Earnings fears are
the chief cause of the selloff. In addition, the most popular tech stocks
on the Nasdaq, such as Cisco and Oracle, carry P/Es as high as 50. I
imagine that there will be a great buying opportunity for these stocks --
but they could get cheaper still.

When are the big telecoms, such as AT&T, WorldCom and Lucent going to come
back?

I've recommended all three of these stocks as value buys (see "The shining"
[ http://www.money.com/money/depts/investing/sivy/archive/000731.html ] and
"After the tech wreck"
[ http://www.money.com/money/depts/investing/sivy/archive/001101.html ]).
And though each has since dropped, I still believe each has asset values at
least 50 percent above current share prices. But in this environment, they
probably won't rebound quickly. If I already owned them, I'd certainly hold
them. And I'd consider buying now, though there's no rush. Lucent looks
like the most straightforward play, followed by WorldCom. AT&T presents the
most potential problems.

What's going on with Liberty Media and why can't I find the ticker symbol?

I've recommended Liberty Media Group a couple of times (see "The media
master is back" [
http://www.money.com/money/depts/investing/sivy/archive/000927.html ] and
"Leader of the free world" [
http://www.money.com/money/depts/investing/sivy/archive/001110.html ]).
Since AT&T acquired cable TV giant TCI, Liberty's programming operations
have traded as an AT&T tracking stock with the symbol LMG, class A. On some
quote systems, the symbol is given as LMGa, on others as LMG_A. If you
can't find it, try the MONEY.COM Website, where the stock is LMG.A [LMG.A].

To my mind, the case for Liberty is the case for John Malone. He was the
master of the industry back when he was CEO of TCI, but he nearly
disappeared from view after the acquisition. Now with the spotlight back on
Liberty, Malone has the chance to be a player again, particularly since
AT&T has announced that it intends to spin off Liberty as an independent
company.

If the slowing economy is bullish for bonds, why is my high-yield bond fund
down almost 10 percent?

The slowing economy and the prospect for lower interest rates are extremely
bullish for bonds of unquestioned financial strength. Junk bonds suffer in
an economy slowdown, however, because investors worry that the companies'
chances of default will increase. If you own a junk mutual fund, though,
I'd hang on at this point (I have a junk fund too and I'm down nearly 10
percent). The worst of the decline is most likely behind us, and junk bonds
can rally powerfully after an economic slowdown ends.

###

Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html

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http://www.money.com/email/

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us know by e-mailing us at <no_transfer@money.com>.


Actually, if you don't expect me to keep up with you the whole 8K's, I could
probably muster up the energy.  Besides, I'm planning on sleeping the entire
way out there so I'll end up getting more sleep that night than normal.  Do I
need to do anything to sign up for the run?

	Enron Capital & Trade Resources Corp.

	From:  Julie Gibson <julieg@qualcomm.com>
11/28/2000 05:06 PM

To: Susan.M.Scott@enron.com
cc:
Subject: Re: We have a go....

any chance you'd be up for an 8K run on saturday?? only problem is that it
starts at 8:00am- too painful after your late night?? no obligation.....

At 01:37 PM 11/28/2000 -0600, you wrote:

Okay...My itinerary is as follows:? Arriving in San Diego 2:20 am Friday
night (I'll need your new address for the cab) and departing Sunday at 6:15
pm.? If you just want to leave the key under the mat that would be perfect
for me...I'll probably crash immediately anyway.? I am so excited to be
coming out there - -? I really need a break from Houston...not to mention
work.? The Gas Lamp district Saturday night sounds like fun and I would
love to meet your friends.? Also, please don't feel like you have to plan
the whole weekend, I have no problem going with the flow.

See you in a couple of weeks,
Susan


488908
broker not showing

missing deal

buy duke
57.00
cal 07
25 mw
cob

thanks


Good to hear from you!!!!  I hope all of your family is well. I was in DC on Tuesday am and drove in last night.

Jim

 -----Original Message-----
From: 	"James Hess" <JHESS@usbr.gov>@ENRON [mailto:IMCEANOTES-+22James+20Hess+22+20+3CJHESS+40usbr+2Egov+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 13, 2001 2:00 PM
To:	jwthompson@aspeninst.org; Freeland.Grant@BCG.com; mgiguere@bjllp.com; shess@brook.edu; david.hennes@ci.seattle.wa.us; jyyerby@earthlink.net; freeland@ELKUS-MANFREDI.com; pshayne@emory.edu; Steffes, James D.; sylvan.stephan@epamail.epa.gov; john_sharon@footeschool.org; LYNN.STOCKMASTER@GlobalCrossing.com; mjcody@hevanet.com; melianmorse@home.com; JDowney@icfkaiser.com; ralph.shayne@lglass.net; Shayne@mbc.com; MMarcus@usnews.com; ashayne@worldbank.org
Subject:	Fwd: Americans Show Unity Against Terrorism - Friday, Sept.	14,20 01

Date: Thu, 13 Sep 2001 12:50:49 -0600
From: "Brenda Harris" <BHARRIS@usbr.gov>
To: <JGARNER@do.usbr.gov>,<SMAGNUSSEN@lc.usbr.gov>, <AATKINS@usbr.gov>,	<ACARTER@usbr.gov>, <ADMARTIN@usbr.gov>, <AMARKS@usbr.gov>,	<ANELSON@usbr.gov>, <APATTERSON@usbr.gov>, <ARILEY@usbr.gov>,	<ASERRANO@usbr.gov>, <AYOUNG@usbr.gov>, <BBROWN@usbr.gov>,	<BHARRIS@usbr.gov>, <BJACKSON@usbr.gov>, <BJOHNSON@usbr.gov>,	<BQUINT@usbr.gov>, <BSMITH@usbr.gov>, <BWHITE@usbr.gov>,	<BWHITTINGTON@usbr.gov>, <CBEARDSLEY@usbr.gov>,	<CDEAN@usbr.gov>, <CDYBALLA@usbr.gov>, <CHARRISON@usbr.gov>,	<CJONES@usbr.gov>, <CKENNEY@usbr.gov>, <CMYERS@usbr.gov>,	<CNGUYEN@usbr.gov>, <CSCHABAC@usbr.gov>, <CSTEWART@usbr.gov>,	<DBURRELL@usbr.gov>, <DCOOPER@usbr.gov>, <DETAILS@usbr.gov>,	<DEVERETT@usbr.gov>, <DHOFFMAN@usbr.gov>, <DMGOWAN@usbr.gov>,	<DRALSTON@usbr.gov>, <DSHIELDS@usbr.gov>, <DTRUJILLO@usbr.gov>,	<DZONTEK@usbr.gov>, <EKIM@usbr.gov>, <ELGUZMAN@usbr.gov>,	<ETHIAM@usbr.gov>, <FSHEAP@usbr.gov>, <GBRACE@usbr.gov>,	<GSAWYERS@usbr.gov>, <HTURNER@usbr.gov>, <HWILLEMS@usbr.gov>,	<IBR9LC@usbr.gov>, <IBR9UC@usbr.gov>, <JANDERSON@usbr.gov>,	<JBOCK@usbr.gov>, <JBRYNDA@usbr.gov>, <JHANDLON@usbr.gov>,	<JHESS@usbr.gov>, <JINGRAMSIMMONS@usbr.gov>,	<JJOHNSON@usbr.gov>, <JKEYS@usbr.gov>, <JLACASSE@usbr.gov>,	<JLACY@usbr.gov>, <JMCDONALD@usbr.gov>, <JTROAST@usbr.gov>,	<JWEEKS@usbr.gov>, <JWHITTINGTON@usbr.gov>,	<KANDERSON@usbr.gov>, <KAUSTIN@usbr.gov>, <LACHARIA@usbr.gov>,	<LBROWN@usbr.gov>, <LHESS@usbr.gov>, <LLEBARON@usbr.gov>,	<LMAUNEY@usbr.gov>, <LMOORE@usbr.gov>, <lstark@usbr.gov>,	<LTODD@usbr.gov>, <MBUCKEY@usbr.gov>, <MDIXON@usbr.gov>,	<MGABALDO@usbr.gov>, <MHOOD@usbr.gov>, <MSIBLEY@usbr.gov>,	<MTAYLOR@usbr.gov>, <NFOWLER@usbr.gov>, <PARROYAVE@usbr.gov>,	<PDEFLAND@usbr.gov>, <PMADALENA@usbr.gov>, <RAMARTIN@usbr.gov>,	<RARNOLD@usbr.gov>, <RBOCHAR@usbr.gov>, <RCOCHISE@usbr.gov>,	<RFORD@usbr.gov>, <RHICKOX@usbr.gov>, <RIVES@usbr.gov>,	<RWELLS@usbr.gov>, <RWOLF@usbr.gov>, <SCUNNIFF@usbr.gov>,	<SDENEALE@usbr.gov>, <SFRANCIS@usbr.gov>, <skturner@usbr.gov>,	<SRUFFIN@usbr.gov>, <SVENSON@usbr.gov>, <TBENNETT@usbr.gov>,	<TLEITH@usbr.gov>, <TPHILLIPS@usbr.gov>
Subject: Fwd: Americans Show Unity Against Terrorism - Friday, Sept.	14,20 01
Mime-Version: 1.0
Content-Type: message/rfc822

Content-Transfer-Encoding: quoted-printable
Date: Thu, 13 Sep 2001 10:31:41 -0600
From: DOI_Mail.DOI.jellis <jellis@do.usbr.gov>
Subject: Americans Show Unity Against Terrorism - Friday, Sept. 14,20	01
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

Americans Show Unity Against Terrorism - Friday, Sept. 14,20 01

Friday Night at 7:00 p.m. step out your door, stop your car, or step out of
your establishment and light a candle.   We will show the world that
Americans are strong and united together against terrorism.  Please pass
this
to everyone on your e-mail list.  We need to reach everyone across the
United
States quickly.  The message:  WE STAND UNITED - WE WILL NOT TOLERATE
TERRORISM!

Thank you.

We need press to cover this - we need the world to see.

$langprincipal:
$altprincipal:
ForwardedFrom: CN=Jackie Ellis/OU=SIO/OU=OS/O=DOI
ForwardedDate: 09/13/2001 10:29:54 AM
$AutoSpell: 1
useApplet: True
wBody:
$TkFlag40: DocSpy/M Learn
$TkFlag31: 943775C814663A6C91307CD1174CDE20


Please find attached the presentations that were made during the Government
and Regulatory Affairs off-site in June.  Apologies for the delay.

THE BRATTLE GROUP

KYRAN HANKS & DUNG TRAN

JIM STEFFES

DONALD LASSERE

PAUL DAWSON

PHILIP DAVIES

ALFREDO HUERTAS

DOUG WOOD

PETER STYLES

STEPHEN JONES


FYI
----- Forwarded by Barton Clark/HOU/ECT on 09/12/2000 10:06 AM -----

	"Silvers, Bruce C." <silverbc@bingham.com>
	08/29/2000 08:39 AM

		 To: "'Barton Clark'" <Barton.Clark@enron.com>, Heather Kroll
<Heather.Kroll@enron.com>
		 cc: "Pasqualini, Martin J." <PASQUAMJ@bingham.com>, "Politan, Nicholas H."
<PolitaNH@bingham.com>
		 Subject: RE: Presentation

Given the time constraint, I thought I'd give you a brief summary of the law
here in Connecticut and some thoughts on how to proceed.

The Connecticut courts and the Freedom of Information Commission (the
"FOIC"), the agency charged with the enforcement of FOIA, have repeatedly
held that CRRA, CDA and DECD are public agencies within the purview of FOIA
(I have not had time to consider whether the same is true for DEP, CPUC and
the other attendees, but suspect that it is so with respect to certain of
them).  FOIA provides, among other things, that all documents obtained or
kept by a public agency are public records available to the public, unless
otherwise exempted from disclosure by special statute or by the exemptions
delineated by FOIA.

While there is no special statute with regard to CRRA, a special statute,
Conn. Gen. Stat. Section 32-11a(k), exempts certain materials and
information submitted to DECD and to CDA from public disclosure.  Section
32-11a(k) states that all information  contained in any application for
financial assistance submitted to DECD or CDA, and all information obtained
by the DECD or CDA with respect to any person or project is exempt from
disclosure under the FOIA.  The statute specifies that this exemption
includes all financial, credit and proprietary information.  I have not had
time to consider whether there are special statutory exemptions provided for
similar information submitted to the other attendees.

Consequently, FOIA governs the confidentiality of all information submitted
to CRRA and, perhaps, certain of the other attendees and the confidentiality
of information submitted to DECD and CDA falling outside Section 32-11a(k)'s
exemption.

As may be pertinent in these circumstances, FOIA exempts from disclosure:
(1) preliminary drafts under certain circumstances, (2) trade secrets and
commercial or financial information given in confidence, and that is not
required by statute to be disclosed to an agency, (3) real estate
appraisals, engineering or feasiblity estimates or evaluations for an agency
relative to the acquisition of property or to prospective public supply and
construction contracts, but only until such time as the property is acquired
or the transaction abandoned, (4) tax returns, reports and statements
exempted by federal law or state statutes, and (5) communications privileged
by the attorney-client relationship.

While the Connecticut courts and FOIC have held that the confidentiality of
information submitted to agencies subject to FOIA is determined by
applicable law rather that the representations or agreements of the parties,
they have suggested that measures designed to preserve confidentiality may
be considered in making that determination.

While your notice cites a May 19, 2000 Agreement of Confidentiality
previously executed by CRRA and Enron (which I have not seen), obviously
that will not be binding upon any attendees not a party to it and, while it
would be better to have the other attendees execute a written agreement
regarding confidentiality, I understand that that may not be practical given
the timing and the number of parties involved.
Accordingly, I recommend that the following other steps be employed with
respect to confidential information submitted to the attendees:

1.  All documents and information submitted to the attendees should be
marked "Preliminary Draft".

2.  In the fourth paragraph of your notice, change clause (1) to read "the
Subject Information is being provided to it in confidence, contains trade
secrets and/or confidential commercial, financial and proprietary
information and other information exempt from disclosure under certain laws
of the State of Connecticut, and it will maintain the confidentiality of the
Subject Information".

3. You should take steps, internally, to ensure the confidentiality of the
information you submit to the agencies.  Appropriate measures would include:
(a) limiting access to confidential information to a "need to know" basis,
(b) entering into confidentiality agreements with others involved in the
project with respect to their studies, analyses, etc., for the project, (c)
advising your personnel (secretarial, etc.), in writing, that the
information is confidential and of the need to maintain such information in
confidence, and (d) maintaining confidential information in locked or
otherwise private files.

5. A request should be made by you to the agencies that confidential
information  be discussed by the agencies in executive session.

If we take these measures with regard to information supplied to the
agencies, we will enhance the likelihood of maintaining the confidentiality
of the information in response to a public request for disclosure of the
information pursuant to the FOIA.  Should you wish to discuss this matter in
more detail, please do not hesitate to call me at (860) 240-2943.

-----Original Message-----
From: Barton Clark [mailto:Barton.Clark@enron.com]
Sent: Monday, August 28, 2000 4:07 PM
To: Heather Kroll
Cc: silverbc@bingham.com
Subject: Presentation

I suggest adding the attached in as the first page of text in the
presentation
materials and call the attendee's attention to it at the commencement of the
presentation. If there is a problem with its length, I would suggest
deleting
the laundry list of attendees in the first paragraph and the third paragraph
only. Also, I did not have time to check with Conn counsel on the procedures
for
public disclosure in Conn alluded to generally in the fourth paragraph, but
by
copy hereof am requesting they review the language of the Notice and give us
any
comments. When do the materials have to be distributed?

(See attached file: Notice to Recipients of Presentation Materials.doc)


I will let you know ASAP.  We are currently in the process of moving the site
outside the firewall so we should be able to shortly.  I am waiting on a
response from IT.

To: Michael Etringer/HOU/ECT@ECT
cc:
Subject: Re: West Power Customer Web SIte

I have been able to access this but our outside legal counsel (Sullivan &
Cromwell in NY) can't.  Any way for them to get access so they can advise us
on this?  They are also the guys who will help with a training session on
various legal issues and company policies in trading.

Michael Etringer

01/14/2000 05:00 PM

To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: West Power Customer Web SIte

Mark,

As discussed, here is the URL for the proposed web site:
http://ecthou-lndev1.nt.ect.enron.com/westpowernet.nsf/
It is still on an internal server which I hope you will have access to.  Let
me know if it doesn't work.

The User ID is: "user1"  and the Password is:  "test"  .

I also ran through several of the web sites from which we gather our
information and did not run across the occurance of any copyright statements.

In terms of timing, we hope to release the site by the end of January to a
limited customer listing.

Regards,
Mike Etringer
503-464-3836


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/26/2000
10:56 AM ---------------------------

"Gould, Aaron" <Aaron.Gould@pseg.com> on 06/16/2000 02:54:03 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc:
Subject:

Dr. Kaminski,

On Wednesday, June 14th I attended your presentation entitled "THE CHALLENGE
OF VALUATION OF ENERGY RELATED DERIVATIVES" at the Risk 2000 conference in
Boston.  Can you please e-mail me the slides you presented.

Also, you mentioned that the method you used to calculate volatility for
energy prices was not the "normal" method.  Can you please tell me, or give
me a reference to the method that you did use.

Thank you,

Aaron Gould
Senior Risk Management Analyst
PSEG Services Corporation
Aaron.Gould@pseg.com
1-973-456-3527


Never mind.  So anyway, I am totally worked right now.  I went to the Blazer
game with my friend Kate and we ended up going out afterward.  i ended up
staying out until 2am and I had to be in to work at 5:30.  So basically my
day is totally sucking.  How are you doing?


When: Thursday, October 25, 2001 4:15 PM-4:45 PM (GMT-06:00) Central Time (US & Canada).
Where: telephone appointment-Jennifer will initiate call

*~*~*~*~*~*~*~*~*~*

Jennifer-initiate call to Richard Ring at ext. 4:15PM x33561


Will you let me know when you're done with Oglethorpe?
 -----Original Message-----
From: 	Gilbert, Gerald
Sent:	Wednesday, June 06, 2001 4:07 PM
To:	Saucier, Darla
Subject:	FW: Doyle

 -----Original Message-----
From: 	Homco, Jim
Sent:	Wednesday, June 06, 2001 1:03 PM
To:	Gilbert, Gerald
Subject:	FW: doyle

  We agree with the invoice except for the the 31st. On that day we bought 5mms and Chis will be putting in the deal.

  By the way I'm Gerald and I will doing Jim's stuff starting on the 15th on this month.

GG


Thank you.  i don't need the value.  I just need the sitara transport report
so that I may check the physical positions.

Mike


Southwest Airlines Click 'n Save(R) E-mail Update for
December 12, 2000

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 $38 each way to/from Houston, TX (Hobby)

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 $36 each way to/from Oklahoma City, OK

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 $99 each way to/from New Orleans, LA

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Ft. Lauderdale, FL
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 $56 each way to/from Tulsa, OK

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 $99 each way to/from Kansas City, MO
 $54 each way to/from Little Rock, AR
 $36 each way to/from San Antonio, TX
 $56 each way to/from Tulsa, OK

Indianapolis, IN
 $99 each way to/from Hartford, CT/Springfield, MA

Jackson, MS
 $99 each way to/from St. Louis, MO

Jacksonville, FL
 $34 each way to/from Ft. Lauderdale, FL
 $34 each way to/from Tampa Bay, FL

Kansas City, MO
 $68 each way to/from Birmingham, AL
 $99 each way to/from Houston, TX (Hobby)
 $99 each way to/from Phoenix, AZ

Las Vegas, NV
 $62 each way to/from Albuquerque, NM
 $99 each way to/from Amarillo, TX
 $99 each way to/from New Orleans, LA
 $34 each way to/from Ontario, CA
 $36 each way to/from Phoenix, AZ
 $39 each way to/from San Diego, CA

Little Rock, AR
 $54 each way to/from Houston, TX (Bush Intercontinental)
 $54 each way to/from Houston, TX (Hobby)

Long Island/Islip, NY
 $55 each way to/from Chicago, IL (Midway)

Los Angeles, CA
 $99 each way to/from El Paso, TX
 $34 each way to/from Phoenix, AZ
 $49 each way to/from Salt Lake City, UT
 $34 each way to/from Tucson, AZ

Louisville, KY
 $68 each way to/from Buffalo, NY

Lubbock, TX
 $40 each way to/from Albuquerque, NM
 $36 each way to/from Dallas, TX  (Love Field)

Manchester, NH
 $99 each way to/from Nashville, TN

Midland/Odessa, TX
 $40 each way to/from El Paso, TX

Nashville, TN
 $55 each way to/from Columbus, OH
 $99 each way to/from Manchester, NH
 $55 each way to/from Omaha, NE
 $99 each way to/from San Francisco, CA

New Orleans, LA
 $71 each way to/from Austin, TX
 $99 each way to/from Detroit, MI
 $99 each way to/from Las Vegas, NV

Oakland, CA
 $34 each way to/from Reno/Tahoe, NV

Oklahoma City, OK
 $51 each way to/from Austin, TX
 $36 each way to/from Dallas, TX  (Love Field)

Omaha, NE
 $55 each way to/from Nashville, TN

Ontario, CA
 $34 each way to/from Las Vegas, NV

Orlando, FL
 $34 each way to/from Ft. Lauderdale, FL
 $99 each way to/from Phoenix, AZ
 $34 each way to/from West Palm Beach, FL
 Note: West Palm Beach service begins January 21, 2001

Phoenix, AZ
 $99 each way to/from Kansas City, MO
 $36 each way to/from Las Vegas, NV
 $34 each way to/from Los Angeles, CA
 $99 each way to/from Orlando, FL

Portland, OR
 $42 each way to/from Reno/Tahoe, NV

Providence, RI
 $62 each way to/from Cleveland, OH

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 $48 each way to/from Albany, NY

Reno/Tahoe, NV
 $36 each way to/from Boise, ID
 $34 each way to/from Oakland, CA
 $42 each way to/from Portland, OR
 $47 each way to/from Seattle, WA
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Sacramento, CA
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 $39 each way to/from Las Vegas, NV

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 $99 each way to/from Jackson, MS

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 $34 each way to/from Jacksonville, FL
 $34 each way to/from West Palm Beach, FL
 Note: West Palm Beach service begins January 21, 2001

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Tulsa, OK
 $56 each way to/from Houston, TX (Bush Intercontinental)
 $56 each way to/from Houston, TX (Hobby)
 $99 each way to/from Sacramento, CA

West Palm Beach, FL
 $34 each way to/from Orlando, FL
 $34 each way to/from Tampa Bay, FL
 Note: West Palm Beach service begins January 21, 2001

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Steve,
Congratulations.  Welcome back.  I sent you a note and a spreadsheet with the
deals we have booked in our system.  I was trying to reconcile them to your
list of deals.  I could not.  But I think the best thing to do is to simply
start over and book the deals you tell me to.  I just need the exact terms.
I know it's your first day back and you are probably swamped, but when you
get a chance, please give me a call.  Richard wants me to have these deals
valued by the end of this month's P&L.  Thanks.

DG
713-853-9573


---------------------- Forwarded by Steven J Kean/NA/Enron on 08/28/2000
07:28 AM ---------------------------

Bill MacDonald <bill@crgmail.com> on 08/25/2000 06:49:47 PM
To: CRG Publications Subscribers
<IMCEAEX-_O=COMPENSATION+20RESOURCE+20GROUP+2C+20INC+2E_OU=HEADQUARTERS_CN=REC
IPIENTS_CN=CRGPUB@crgmail.com>
cc:

Subject: Compensation Resource Group, Inc.'s Publications

August 25, 2000
Dear Subscriber:
Compensation Resource Group, Inc., http://www.crgworld.com, would like to
thank you for taking an interest in our 2000 Survey of Current Trends - A
survey of Executive Benefits for the Fortune 1000. We would like to let you
know that a full color PDF version of the seventh annual survey has been
posted to CRG,s Publications web page, http://www.crgworld.com/publications.
To download a free copy of the Survey:
1. Go to http://www.crgworld.com/publications.
2. Type in your E-Mail address and click Login.
3. If you have not previously registered with us, you will be asked to fill
out the short registration form.  Once you complete the form, click "SUBMIT".
Then you can download and print.
Once again we would like to thank you for your continued interest.

Sincerely,
William L. MacDonald
Chairman, President & Chief Executive Officer


CA-ISO REPORT BLAMES CALIFORNIA'S JUNE PRICE SPIKES ON THE LACK OF HEDGING,
SUGGESTS THAT LOWERED PRICE CAPS HAVE DONE LITTLE TO STOP UNRELENTING, HIGH
WHOLESALE POWER PRICES

09/20/2000
Foster Electric Report
Page 3
(c) Copyright 2000, Foster Associates, Inc.
The California Independent System Operator, Inc.'s (CA-ISO's) market
surveillance committee (MSC) has found that utility reluctance to use hedging
tools and a market design that continues to be faulty despite the
implementation of reforms were the main reasons for the sustained price
increases that hit California's wholesale markets in June 2000.
According to an MSC report -- An Analysis of the June 2000 Price Spikes in
the California ISO's Energy and Ancillary Services Markets -- the exercise of
market power in California's wholesale power markets remains rampant. In
fact, the MSC insisted that market rule changes implemented since last summer
"have enhanced the ability of market participants to exercise market power in
the California electricity market." And while the CA-ISO lowered its
wholesale buyers' price cap from $750 to $250 following California's June
price spikes, the MSC said the lowered cap has had little impact. Monthly
average energy prices during June 2000 when the price cap was $750/MWh were
lower than those during August 2000 when the price cap was $250/MWh although
roughly the same amount of energy was consumed during these two months, the
MSC reported.
The MSC was also critical of existing regulatory constraints on forward
contracting for energy and ancillary services by California's three utility
distribution companies (UDCs) --Pacific Gas & Electric, Southern California
Edison Co., and San Diego Gas & Electric --and the failure of the UDCs to use
the limited rights they had in this regard. "The June 2000 price spikes can
be attributed to several factors," the report stated. The primary cause,
however, "was the lack of sufficient forward energy and ancillary services
purchases for the month of June 2000 by the UDCs." The failure to enter these
contracts then enhanced the ability of generators in and outside the ISO
control area to exercise market power during high-demand conditions.
"Had California's three utility distribution companies (UDCs) signed forward
financial contracts equal to their expected net demand for energy and
ancillary services during each hour of the months of May and June 2000,
average prices in the PX and ISO markets during these months would have been
significantly lower," the report stated. "Even if the June 2000 price spikes
had still occurred, the UDCs would have been largely insulated from this spot
market price volatility, because of their forward hedges."
Still, the MSC noted that the UDCs are not solely at fault, having been
severely limited by the California Public Utilities Commission. Before last
month, the UDCs could only make limited forward purchases in the CA-PX's
block forward market, for only certain times of the day and little
flexibility. "The CPUC restrictions on forward contracting through the CA-PX
were especially pernicious because the PX was granted a monopoly over forward
trading by the UDCs," the report declared. And while the CPUC on August 3
gave SoCal Edison and PG&E more authority to enter long-term bilateral
contracts, the MSC criticized the move because trading levels are still
restricted. Similarly, SDG&E has little incentive to enter forward contracts
because it can pass through its purchased power costs to its customers, no
matter how high the price.
Besides forward contracts, the report said other causes of the June price
spikes were the inability of consumers to adjust their demand in response to
high prices, and the CA-ISO's new method for allocating replacement reserve
costs. All the above factors allowed generators to exercise more market power
in May 2000 than any of the summer months of 1999, the report said, and this
market manipulation increased even further in June 2000.
The MSC then took special aim at market rule changes recently adopted (such
as a new replacement reserve policy ) or under consideration to enhance
system reliability that can increase the market power exercised in
California's energy and ancillary services markets. "The CA-ISO operators
must recognize that they are running markets for energy and ancillary
services," the report explained. "For that reason, they must carefully
consider the incentives for market participant behavior created by any market
rule changes designed to enhance system reliability. Failing to do so can
result in unnecessarily high prices in the energy and ancillary services
markets and can exacerbate system reliability problems."
So what's the solution? While the construction of new generation and
transmission facilities in California would naturally increase the
competitiveness of the CA-ISO's energy and ancillary services markets, the
MSC believes fundamental market reforms are also needed. "The California
electricity market is not so structurally competitive that market outcomes
are invariant to market rules," it stated. "The industry is composed of a
relatively small number of firms, some of which own a sizable fraction of the
total electricity generating capacity located in the CA-ISO control area. The
geographic distribution of generation unit ownership can allow some owners to
exercise locational market power during certain system conditions. In
addition, the amount of generating capacity owned by some market participants
allows them to exercise market power during high-load conditions, when there
is not a physical scarcity of available generating capacity to serve this
load. Furthermore . . . demand for wholesale electricity in California is
extremely insensitive to price. Consequently, the structure of the California
electricity market, at least for the near term, is one where market outcomes
are very sensitive to market rules."
As a short-term solution, the MSC support the retail rate freeze (see related
story, this REPORT) recently signed into law for SDG&E's customers. However,
it also suggested that the CPUC allow SDG&E broad freedom to engage in
forward contracting, and that the retail rate ceiling be coupled with a
requirement that SDG&E "offer rate schedules that encourage retail customers
to alter their demand in response to hourly wholesale electricity prices."
Of two possible long-term solutions, the MSC dismissed the reimposition of
cost-of-service regulation for all but the larger industrial, commercial and
governmental customers. "This scheme would simply continue the proposed
short-term solution indefinitely," the report reasoned. Further, the option
may prove unworkable now that the UDCs own little of their own generation.
The MSC said, "This solution would continue to leave unanswered the
fundamental question of cost-of-service regulation: What is the regulated
firm's minimum-cost mode of production and how should output prices be set to
provide the strongest possible incentives for the firm to produce in this
manner? . . . Under this market structure, the CPUC would have to determine
the prudency of the energy purchasing decisions made by UDCs across the many
energy and capacity markets and purchasing time horizons available. A
perceived inability of regulatory processes around the world to cause firms
to produce in a least-cost manner in the former vertically integrated
monopoly regime led to the widespread introduction of competition in
generation and supply. It is difficult to see how regulating the UDCs' retail
rates under the current regime will be less complex than regulating them
under the former vertically integrated monopoly regime when the UDCs owned
significantly more generation and also operated the bulk transmission grid in
their service territories."
A second approach that the MSC supports and first outlined last year is to
separate the distribution side of the UDC's business from the retail supply
side. Under this arrangement, the price for delivering power anywhere in the
UDC's service territory would be set by the CPUC. The supply side of the
UDC's business would be unregulated, except the requirement that it offer a
fixed default retail rate for each customer class. The report noted that the
MSC's plan is not new, having been recently put in place in the England and
Wales electricity market. The major advantage "is that it does not require
the CPUC to make a determination of the prudency of the wholesale energy
purchasing decisions of the UDC," the report continued. Further, the supply
side of the UDC's business can forward contract or purchase on any of the
CA-PX and CA-ISO markets in any manner they find profitable.
Finally, among other things, the MSC recommended (1) replacement of the
current CA-ISO replacement reserve policy with a real-time trading charge, a
penalty for the oversupply of real-time energy, and the cost of out-of-market
calls being assigned to the over-consumption of real-time energy; (2) a
greater emphasis on the market-power implications of proposed market rule
changes, including reconsideration of the current out-of-market payment
mechanism, the CA-ISO's 10-minute settlement market, and PG&E hydro
divestiture agreement with the CA-ISO; and (3) expedited siting and
construction of new or expanded transmission and generation capacity in
California.


Krishna,

I modified the file you sent to me (see attached). For OPT TYPE, what is the code for a Call? for a Put?

How does this modified model look? The data is monthly prices. I changed the formula for Vol. Did I get it right?

Paul

 -----Original Message-----
From: 	Krishnarao, Pinnamaneni
Sent:	Wednesday, October 17, 2001 5:41 PM
To:	Y'Barbo, Paul
Subject:	RE: Spread Data

Probably yes. Paulo Issler in our Research group maintains the exotica files, contact him for details on those files. exotica1 is probably a backup file.
Krishna.

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Wednesday, October 17, 2001 5:21 PM
To:	Krishnarao, Pinnamaneni
Subject:	RE: Spread Data

Krishna,

Do you mean the /Research/Exotica/xll directory? Is the exotica1.xll addin the same as the exotica.xll addin?

Paul

 -----Original Message-----
From: 	Krishnarao, Pinnamaneni
Sent:	Wednesday, October 17, 2001 2:50 PM
To:	Y'Barbo, Paul
Subject:	RE: Spread Data

Here is what we had done for Kim before. In the PGE_Permian.xls file, the option values are in cells starting M30. In Excel, you need to load the exotica.xll addin which is in /Research/Exotica directory on your common drive. Load the addin and say NO to "copy to your local drive?" Also, see the "Results" sheet for volatility and correlation calculations.

Krishna.
 << File: PGE_PERMIAN.xls >>  << File: SOCAL_PERMIAN.xls >>

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Wednesday, October 17, 2001 2:32 PM
To:	Krishnarao, Pinnamaneni
Subject:	Spread Data

Krishna,

Please see attached data on the pages named "MO IND DATA" and "Basis Forwards". I am interested in understanding the math associated with valuing calls and puts on the spread between the index points. Also, do you have an option pricing model that I could have? My office number is 5-4173.

Thanks,

Paul

P.S. Do you recall the work that you did for Kim Watson in the past?

 << File: NAT GAS Prices GRAPH.xls >>


ICE VOLUMES

Delivery Pt.  Mid-C  NP-15  Palo  Palo  Palo  SP-15  SP-15
Energy Type  Firm On Peak Firm On Peak Firm On Peak Firm On Peak Firm On Peak
Firm On Peak Firm On Peak
Term   Apr-01  Q3-01  Next Day Apr-01  May-01  Next Day Apr-01
Avg. Price  297.50  295.00  242.50  242.50  255.00  244.00  240.00
Total Volume   10,000 MWhs 30.400 MWhs 1.600 MWhs 30,000 MWhs 10.400 MWhs
1,600 MWhs 10,000 MWhs


As communicated to you in an email dated September 19, 2000, we have
developed an easier and more efficient method of handling the Operations
Pricing Model hours survey using Microsoft Access.  The NEW & IMPROVED survey
is ready for your input for the month of September.

What to do:

1)  Attached is a reference document that lets you know the purpose of the
OPM Hours Survey, prerequisites to using the tool, helpful hints and contact
information.  Please open and read.

2)  Click on the attached link to access the OPM Survey.  Please select "OK"
at the warning message that appears and continue on to the database.  If you
have any questions/comments, please contact Suzanne Nicholie at Ext. 5-7341.

The OPM team is available to support you while using this new tool.  During
the next couple of days, one of the OPM team members will be contacting each
of you to see if you need help or have any questions.

We are asking for a quick turn around of the completion of the survey and
although it is month end, quarter end and the planning process is near
completion, please complete the OPM Survey using the database by end of day,
Friday, October 6.

Thanks,

James Scribner


have an inquiry from good person who wants to move from another company but
stay in new york. who would you recommend that we refer him to to talk about
any needs we may have in new  york office??


Lay the groundwork and educate them about what's going on around the country
from a regulatory standpoint, sensitize them to coming opportunities.  Also,
Steve Barth will be there to talk about creative products / services we can
offer.  1:00 - 2:30 presentation, then q&a, then cocktails and dinner
sponsored by Enron.  Per Gary von Fischer 614-792-6010


The red lettering is what Sithe is suggesting as the formulas for the October
transaction
agreements.  I believe that you get the same answer as what we had
suggested.  If you
get the same answer as I did, let's just go with how they have it written.

We will also have to add the other boiler plate language changes that we sent
to them for
the September transaction agreement.

Ruth


I will be in LA LA land

	"Ileana Blanco" <iblanco@bracepatt.com>
	05/01/2001 11:41 AM

		 To: "Bruce Oakley" <boakley@bracepatt.com>, <RSander@ECT.Enron.Com>
		 cc: <tvisage@encompserv.com>
		 Subject: Lunch next week

Do you'all want to join Tony and me for lunch next Tuesday?


REAL POWER LOSS PROVIDERS

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Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/BusPractices/forum/messageview.cfm?catid=22&threadid=66

For questions or comments, please contact your Transmission Account Executive.
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--763455949.997830572216.JavaMail.RLS4690@b22081--


In case you did not know.  You can find info about bankrupt and non-bankrupt deals in this folder.

I'm AWAKE.

-----Original Message-----
From: Conwell, Wendy
Sent: Thu 12/27/2001 2:31 PM
To: Gossett, Jeffrey C.; Brackett, Debbie R.; Bradford, William S.
Cc: Mcginnis, Stephanie
Subject: Gas Exp/Excep Report

Please be advised, the Exposure Exception report for ENA Gas has been run and is in O:\_dropbox\bankruptcy books\ directory under the file name of "gas nonterminated as of COB 122601.

Thanks
Wendy


http://www.ble.state.tx.us/current.htm

Paul_Pfeffer@bakerbotts.com on 10/25/99 11:35:22 AM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Bar

G-money

Send me that internet address of the site posting the bar results please.
Let the fretting begin.

Paul


Is it appropriate for a conference sponsor to use our name like this???  They've twisted our attendence into something approaching an endorsement.  Should we send a nasty letter?  df

Lee Huber
04/04/2001 09:33 AM
To:	Drew Fossum/ET&S/Enron@ENRON
cc:

Subject:	Article

FYI
---------------------- Forwarded by Lee Huber/ET&S/Enron on 04/04/2001 09:33 AM ---------------------------
From:	Gina Taylor/ENRON@enronXgate on 04/04/2001 08:51 AM
To:	Martha Janousek/ENRON@enronXgate, Lee Huber/ET&S/Enron@ENRON
cc:

Subject:	Article

FYI.............

Gina

World's Largest Energy Companies Attend TIBCO Software's Energy Technology And Trading Conference

04/04/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

Enron, Dynegy, Texaco and Other TIBCO Customers That Depend on Real-Time
Trading and Systems Integration Meet In Texas
HOUSTON, April 4 /PRNewswire/ -- TIBCO Software Inc. (Nasdaq: TIBX) is hosting more than 200 customers, partners and prospects at its annual Energy Users Conference today through Thursday in Houston, Texas. Customer attendees include Enron, Dynegy, Reliant Energy, El Paso Corporation, Altra Energy Technologies, Coral Energy, Duke Energy, Mirant, Marathon, Texaco, TXU Energy, Equiva, Williams and more. Systems Integrator participates include Accenture, Luminant, Zetta Works, and Deloitte Consulting.
During the conference, TIBCO, a leading provider of real-time e-business infrastructure software that powers real-time energy trading floors, will be announcing several new customers, and a number of existing customers will be demonstrating how they use TIBCO's energy business integration solution to grow within any economic condition. Additionally, several of TIBCO's systems integration partners will discuss how they depend upon TIBCO products to create technology solutions specific to the energy industry.
"Companies that don't adopt technology solutions that enable real-time Internet trading and systems integration, will not survive in the deregulated energy market," said Vivek Ranadive, chairman and CEO, TIBCO Software. "Real-time trading and systems integration is exactly what TIBCO's software provides. That's why the world's leaders, and all of those looking to catch-up, are attending this conference"
About TIBCO Software Inc.
TIBCO Software Inc. is a leading provider of real-time e-business infrastructure software. TIBCO's four product lines -- TIBCO ActiveEnterprise(TM), TIBCO ActiveExchange(TM), TIBCO ActivePortal(TM) and TIBCO Extensibility(TM) -- enable businesses to integrate enterprise applications, interact with other businesses in B2B commerce, and efficiently deliver personalized information through enterprise portals. TIBCO's products enable the real-time distribution of information through patented technology called The Information Bus(TM), or TIB(R). TIB technology was first used to digitize Wall Street and has since been adopted in diverse industries including telecommunications, electronic commerce, manufacturing and energy. TIBCO's global direct customer base includes more than 800 customers from around the world such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun Microsystems, GE Capital, Philips, AT&T, Pirelli and AOL/Netscape. Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000 or on the web at www.tibco.com.
Art


Vince,
I was brought to my attention that an interesting Real Option conference
is taking place in March 27-28. I would like to attend this conference
if possible.

Thanks.
Alex


(See attached file: hpl0615.xls)

 - hpl0615.xls


Kam:

The Financial desk also requested 3 books for WTI, HU and HO - do we need to preserve these curves in NetCo/UBS also?
If so, we would need the curve codes/pub. codes.

Thanks,
Jeremy

 -----Original Message-----
From: 	Wei, Zhiyong
Sent:	Tuesday, January 29, 2002 1:58 PM
To:	Wong, Jeremy
Cc:	Stock, Steve
Subject:	FW: UBS curves

Jeremy,

Please make appropriate changes to the NETCO ERMS database for the following requests. What needs to be done is to delete all other curve entries in the egs_curve_def and egs_curve points and egs_pub_names which are not listed in the attached file. I will talk to you about it.

Thanks

Zhiyong

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, January 29, 2002 1:40 PM
To:	Wei, Zhiyong
Subject:	UBS curves

 Zhiyong,

We have decided to take the curve history with us to UBS for the attached curves.  We have changed the names for some of the curves so column J has additional curves that we would like to bring history.  We will not continue publishing those in the future however.

Thanks

Kam


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Looks good. I would call him before you send it.

	"Fergus, Gary S." <GFergus@brobeck.com>
	04/16/2001 05:22 PM

		 To: "'richard.b.sanders@enron.com'" <richard.b.sanders@enron.com>
		 cc:
		 Subject: Conflict Waiver Letter

FYI.
Thanks.
Gary

 <<Al Alexanderson's conflict waiver letter.DOC>>

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com

 - Al Alexanderson's conflict waiver letter.DOC


Return-Path: <Vince.J.Kaminski@enron.com>
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<vkaminski@aol.com>; Wed, 18 Oct 2000 12:53:47 -0500
Subject: part-time work
To: vkaminski@aol.com
Date: Wed, 18 Oct 2000 12:53:49 -0500
Message-ID: <OF1EB17063.BB14093D-ON8625697C.00624EBF@enron.com>
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
01:00 PM ---------------------------

"Cantekin Dincerler" <cantekin@mail.utexas.edu> on 10/17/2000 10:40:22 AM

Please respond to <cantekin@mail.utexas.edu>

To:   <vince.j.kaminski@enron.com>
cc:
Subject:  part-time work

Vince:

I enjoyed the lunch and part of your presentation last week (I had an other
engagement to attend to, and hence could not make it to the rest of the
presentation and reception following it).

I appreciate the part-time offer, however, I must admit that I did not find
the terms very favorable. Unlike a person who is permamently located in
Houston, I would have the inconvenience and cost of commuting between
Austin
and Houston, and of accomodation both in Austin and Houston.

I really would love to work in the Research Group and am sincere about
this.
I would just hope that you would consider compensating me at manager level
so that I can cover transportation, accomodation expenses and more
importantly, justify the decision to devote at least half of my time to
Enron away from my thesis.

I will be looking forward to hearing from you soon.

Best,
Cantekin Dincerler

Doctoral Candidate
The University of Texas at Austin
Graduate School of Business
Department of Finance
office: (512) 471-1676
fax   : (512) 471-5073
home  : (512) 472-5356
cell  : (512) 680-5355
http://uts.cc.utexas.edu/~cantekin


I am determined to get you to smile at least 5 times today....I think I've seen one so far.


I've made the appropriate change in the AlbertaPower database, but it won't
be automatically pushed to PETE since the pool doesn't change the data they
have on the web (they just send out the letter.)  i.e., you may have to pull it in by hand.

To:	Karim Punja/CAL/ECT@ECT, Rob Schorn/CAL/ECT@ECT, Lori Johnson/CAL/ECT@ECT, Brad Merchant/CAL/ECT@ECT, Craig Mclurg/CAL/ECT, Cooper Richey/CAL/ECT@ECT, Sebastien Garcia/CAL/ECT@ECT, John D Postlethwaite/CAL/ECT@ECT
cc:	Willie Harrell/HOU/ECT@ECT
Subject:	Pool Price Error of May 2, 2001 HE06

Cooper/Willie, can you arrange to re-scrape the Pool Price for the Pool's web site.
Rob/Karim, can you discuss with John P to ensure that this change is picked up in his DPR.

Everyone else - FYI

Thanks

Mark

---------------------- Forwarded by Mark Dupuy/CAL/ECT on 05/08/2001 08:24 AM ---------------------------

	Enron North America Corp.  From:  Robert Hemstock                           05/07/2001 05:16 PM

To:	Mark Dupuy/CAL/ECT@ECT, Bill Greenizan/CAL/ECT@ECT
cc:

Subject:	Pool Price Error of May 2, 2001 HE06

---------------------- Forwarded by Robert Hemstock/CAL/ECT on 05/07/2001 05:10 PM ---------------------------

Joan McInnis <joan.mcinnis@powerpool.ab.ca> on 05/07/2001 03:36:14 PM
To:	"'rhemsto@ect.enron.com'" <rhemsto@ect.enron.com>
cc:
Subject:	Pool Price Error of May 2, 2001 HE06

 - Pool Price Error 20010502 Lorry letter.doc


Can we discuss this on the MOnday call?

JMB <JBennett@GMSSR.com> on 01/05/2001 04:21:14 PM
To: "'jdasovic@enron.com'" <jdasovic@enron.com>, "'ryang@enron.com'"
<ryang@enron.com>, "'msmith1@enron.com'" <msmith1@enron.com>,
"'vsharp@enron.com'" <vsharp@enron.com>
cc: MBD <MDay@GMSSR.com>
Subject: PG&E Advice Letter Implementing Surcharge

Something I forgot to mention in the last e-mail regarding PG&E's Advice
Letter implementing the surcharge is that they  appear to have gone a step
beyond what the Commission directed them to do.

The Commission directed them to create a balancing account to track the
revenues obtained from the surcharge (just in case, in the unlikely event,
they have to refund them).  PG&E created the balancing account for this
purpose but also stated that they would transfer (on a monthly basis) any
ongoing procurement costs which were not recovered through the TRA (i.e.,
from ongoing revenues) to this new balancing account as well.  It is unclear
what PG&E's purpose is for doing such except  maybe to stop the
undercollection in the TRA from getting any bigger and hope that they will
have a better shot of recovering undercollections in the new balancing
account.

Again let us know if you want us to comment on the advice letter with
respect to this issue and the direct access issue mentioned in the previous
e-mail.  Energy Division only has five business days to review the Advice
Filing -- so any comments/protest of the filing must go in early next week.

Jeanne Bennett


I'm still a junkie .... please email copies of the orders.


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 02/27/2001
02:31 PM ---------------------------

Chris Abel
08/11/2000 11:38 AM
To: Michael Benien/Corp/Enron@ENRON, Daniel Falcone/Corp/Enron@ENRON, Michael
E Moscoso/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT, Robin
Rodrigue/HOU/ECT@ECT, Rahmaan Mwongozi/Corp/Enron@ENRON
cc:
Subject: book admins

The attached list includes all Liquids book administrators, their respective
files and their phone numbers.  Please use this list to contact the
appropriate person when any originations issue arises.

---------------------- Forwarded by Chris Abel/HOU/ECT on 08/11/2000 11:31 AM
---------------------------

John Swinney
08/11/2000 11:17 AM
To: Chris Abel/HOU/ECT@ECT
cc:
Subject: book admins

Admin   DPR   Phone #

John Swinney  BAS0800  3-9111
   SpecII0800
   Spec0800
   Metals0800

Pat Stafford  0800dbrc  5-8638
   0800dist
   0800dist2
   0800rprc
   USUK0800

Michelle Nelson 0800blrc  5-8091
   0800cfrc
   RES0800
   FRT0800

Sony Wilson  Ngl_0800  3-7729
   EGLI0800

Anjali Abraham  0800btx   3-7434
   0800plas

Shifali Sharma  wti0800   3-5170
   wti_prepay_0800
   0800CAN

I think this is it.  If you need anything else, let me know

John


If your schedule permits, please join us at our Holiday Party.  Click on the
attached link to launch your invitation.

 http://invitation.enron.com


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/21/2001 07:30 AM -----

	"Woertz, Byron" <BWoertz@caiso.com>
	05/18/2001 05:22 PM

		 To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>, SC Settlements Contacts
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=SCSETTLECONTACTS@cai
so.com>
		 cc:
		 Subject: CAISO Notice - Final Settlements for the Trade Month of February
2001

  ISO Market Participants
  SC Settlements Contacts:
  Attached is the statement of Final Settlements for the Trade
Month of February 2001.  The ISO wired funds to SCs this afternoon and will
send certifications toward the end of next week.
   <<Market Summary Feb 2001 Final.doc>>
  Byron B. Woertz, Jr.
  Director, Client Relations
  (916) 608-7066
  (800) 481-7037 - Pager

 - Market Summary Feb 2001 Final.doc


Stan: If you recall, we spoke several  months ago about our client, a
private equity firm that partners with and funds executives to build
companies through acquisition and internal growth. We have trade marked this
program as CEOVisions and have attached a document describing it. Also
attached is a description of the type of acquisitions our private equity
clients seek. Please call me to discuss this in more detail.

 <<CEOVisions sm.doc>>  <<mergers & acquisitions.DOC>>

Arnis Kins
President
Cook Associates Inc.
Tel: 312-329-0900
Dir: 312-755-5615
Fax: 312-329-1528
akins@cookassociates.com
www.cookassociates.com

 - CEOVisions sm.doc
 - mergers & acquisitions.DOC


Please plan to attend:

Re: Well-Head Nomination Process Follow-up Meeting
Date: Wednesday, February 9, 2000
Time: 1:00pm
Location: EB3013

If you have any conflicts please notify me as soon as possible. Thank you!

Ragayle x57536


what do you think now?


John, no we do not have an ISDA in place with Wah Chang.  Do you want me to
pass your request on to Credit?

	John Malowney
	08/28/2000 06:21 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Wah Chang

Tana, can you answer this for me..... thanks,   John
---------------------- Forwarded by John Malowney/HOU/ECT on 08/28/2000 06:27
PM ---------------------------

Jan M King
08/28/2000 03:45 PM
To: John Malowney/HOU/ECT@ECT
cc:
Subject: Re: Wah Chang

I don't believe we do, John. But you should check with Tana Jones in
Houston.  She handles ISDAs.

John Malowney
08/28/2000 01:50 PM
To: Jan M King/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT
cc:
Subject: Wah Chang

Jan, do we have an ISDA with Wah Chang ??  They are owned by Allegheny
Technologies.

Tracy, can you start looking at their credit/financials for me ??

Thanks,   John


Same with this one.  I need contact info to verbal.
Gracias Amiga!
Kim
---------------------- Forwarded by Kimberly Hundl/Corp/Enron on 12/11/2000
10:08 AM ---------------------------

Kimberly Hundl
12/11/2000 10:00 AM
To: Kate Symes/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT
cc:

Subject: Deal #476578.03 Montana Power Company

Hi Kate,
I need to get a contact name and phone number for this counterparty so that I
can get a verbal confirm on this deal.  Please see if John can give you this
information.  Have a lovely day!
Thanks!
Kim


Please mark your calendars for the December 11, 2000 PRC meeting to prereview
Vice Presidents in the following organizations:

Enron North America
Enron Industrial Markets
Enron Global Markets
Enron Networks
Enron South America
APACHI
CALME

The meeting will be held at the St. Regis Hotel, 1919 Briar Oaks Lane,
Houston in the Plaza Room.  The meeting is scheduled from 8:00am to 5:00pm.
For those of you who are part of the Enron Wholesale Services Group, please
plan to be there at 8:00am, as the first part of the meeting will be devoted
to discussing PRC results of groups below Vice President, and Manager to
Director/Sr. Director promotion nominations.  The Vice President rating is
scheduled to begin at approximately 9:45am.

The telephone number of the hotel is 713-840-7600.

A complete agenda and details will be forthcoming later this week.

For those of you in the organization units listed above, please be prepared
to present and discuss your Vice Presidents.

Please feel free to contact me at X36628 in Houston, should you have any
questions.

Sheila Knudsen


Sheesh.? Sorry Folks.? It's week 13  now.? Fred Taylor still had me rattled
there...
?
Joe
?
?

Let's jump right into our Upgraded and  Downgraded Players.? As we head down
the home stretch, identifying  those players moving up or down can be the
difference between making the  playoffs or watching from the sidelines.?  As
we head into our 13th week of listing these players, it,s  inevitable that
some players will have made both the upgrade or downgrade  list.? Make sure
you understand,  what we,re talking about is players that are moving.? In
other words, a player like TE Chad  Lewis could appear on the downgrade list
and still be good enough to be a  starter in your league.? It just  means I,m
concerned about the way he seems to be heading.? Likewise, a player like WR
Willie  Jackson may make the upgrade list even though he,s still fairly far
down the  list of WRs.? It,s all about which  direction players are moving.?
Keeping an eye on these trends can very often make all the  difference.

Joe

?

Upgrades and  Downgrades.? Some of these  players are obvious moves up or
down and some aren't as clear.? Here's my  list of guys I see moving this
week.

?

QBs Moving Up

QB Gus Frerotte (Den)? You have  to love Frerotte stepping in and performing
like he did.? Of course, when  you throw the ball 58 times, good things often
happen.? When you throw the  ball 58 times with a 62% completion percentage,
great things happen.? Look  for more of the same.

QB Kerry Collins (NYG)? The  Giants may be struggling but Collins continues
to put up excellent Fantasy  Football numbers.? With guys like Kurt Warner
and Daunte Culpepper, it's  easy to get into the mindset that great FF QBs
come from great teams.? Not  always the case as Collins is showing.? Often
times, it's teams with  vulnerable defenses like New York or San Francisco
that provides the QB  motivation to play catch-up.? Collins looks comfortable
in the pocket and  if he ever goes a game with both Amani Toomer and Ike
Hilliard healthy for four  quarters, who knows what might happen.

QB Brett Favre (GB)? He's  baaaaack.? I said last week that Favre coming back
on the bad foot would be  storybook material for a storybook kind of guy and
Favre delivered.? 2 TDs  and 301 yards have the Packers riding high and
believing they can?make some  noise.? WR Bill Schroeder is becoming an
excellent #2 WR and RB Ahman Green  is filling the void left by Dorsey
Levens.?

QB Aaron Brooks (NO)? I may be  in the minority (imagine that...) but I was
very impressed with Brooks taking  over for Jeff Blake.? He was not a #2 QB
like Jim Miller in Chicago that  knew he'd be inserted any minute.? Brooks
was thrust into the game and  responded very nicely.? He's skinny at #205 but
tall (6' 4")? Big  league arm and nice mobility.? Of particular note was his
tendency to throw  to WR Willie Jackson.? We'll see if that continues.? Sure,
he's a long  shot but if you're desperate for a QB, he could be a nice
surprise.

QB Ryan Leaf (SD)? Hold the  presses, Ryan Leaf makes a Joe Bryant Upgrade
list.? Seriously, he's an  easy target and I'll admit to taking my share of
shots but you can't deny the  guy has skills.? Yes, there were some fluky
plays with Crockett injuring  himself on the long TD but I liked what I saw.?
(although the 3 TDs on 13  completions did make for a wild looking box score
for Leaf)? He's got some  weapons in Jeff Graham, Curtis Conway and his best
receiver, TE Freddie  Jones.? He's as flaky as they come but he might be
worth a look if you're  dying at QB.

?

RBs Moving Up

RB Fred Taylor (Jac)? Taylor  put together one of the best performances of
the year Sunday night.? The  fact that he did it against the very tough rush
defense of the Steelers makes it  even all the more impressive.? This isn't
like rolling up 200 yards on the  Cowboys or Cardinals.? Clearly, there's
reason for huge hope as if he can  do this against Pittsburgh, he can do it
against anyone.

RB Jamal Lewis (Bal)? Once  again, Lewis ran hard.? He's got to be considered
one of the better RBs in  the game right now.? I still worry about how
durable he'll be but he's  looked great lately averaging 6.7 yards per carry
Sunday for 187 yards.? If  it weren't for that pesky Priest Holmes vulturing
a TD here and there, he'd be  even higher.

RB Darnell Autry (Phi)? Autry  refuses to hand over the #1 RB job to Stanley
Pritchett or anyone else.?  He's not very flashy but he gets the job done
both rushing and receiving.?  The Eagles are suddenly looking very good in
the standings and Autry figures to  be a large part of that success.

RB Ahman Green (GB)? I'd be a  little worried right now if I were Dorsey
Levens.? Green averaged 6.4 yards  per carry Sunday as he rolled up 180 total
yards.? Most importantly, was  his number of fumbles: Zero.? No one's ever
doubted his incredible physical  skills, but now he seems to be bringing the
mental game to go with  it.

RB Mike Anderson (Den)? I hate  to say it but Terrell Davis is doing a great
impression of Isaac Bruce's  maddening 1998 on again, off again season.? As
you know, Davis missed  another game and once again, Anderson stepped in
nicely.?? By now, you  know it's tough to predict what Davis is going to do
each week so it looks to me  as if Anderson could be a very nice pickup.

RB Jamal Anderson (Atl)?  Anderson's 4.5 yards per carry reminded many of his
1998 season.? He's  running with power and speed and finally appears to be
over the knee  injury.? I think he's been over it physically for a while now
but it seems  he's handling the mental aspect too.

?

WRs Moving Up

WR Willie Jackson (NO)? New QB  Aaron Brooks did a nice job after being
thrust onto the scene and Willie Jackson  responded well with 4 catches and
85 yards including 2 TDs.? Often times,  you'll see a backup QB favor the
backup WRs as they're familiar with them.?  We'll see if this continues.? I'm
guessing Brooks will get comfortable  throwing to Joe Horn this week but
Jackson is still definitely worth a  shot.

WR Joe Jurevicius (NYG)? As I  mentioned above, QB Kerry Collins is playing
very well. With Ike Hilliard set to  miss some time, Jurevicius should get a
chance to show what he can do.?  He's long been a Fantasy Football tease
showing flashes but never really having  the opportunity for playing time.?
Let's see what he can  do.

WR Terry Glenn (NE)? I've  been?high on Glenn since June.? He made me look
good early on but had  cooled midseason.? He's now back warming up again and
for you Glenn owners,  your patience is paying off.? QB Drew Bledsoe didn't
have a TD, but he did  roll up the yards.? Once again, Glenn was the prime
target.

WR Jimmy Smith (Jac)? Smith  looks to be back along with RB Fred Taylor as
the Jags awakened their  offense?Sunday night.? Smith seems back in synch
with QB Mark Brunell  and the threat of Taylor helps open the passing game.?
There may not be  enough balls to go around but you can bet there are enough
for  Smith.

WR James McNight (Dal)? Yes,  he's a long shot considering the horrid play of
Troy Aikman Sunday but you have  to like a WR who's getting a ton of looks.?
And McNight's getting those  looks from Aikman.? Can't make plays without the
ball...

?

TEs Moving Up

TE Jay Reimersma (Buf)? We've  been waiting for Reimersma to return to form
and he looks to be on his  way.? He was heavily involved and seemed
comfortable with "new" QB Rob  Johnson.? He can be a vital part of the
offense and you have to think  Johnson will continue to utilize him.

TE Kris Mangum (Car)? Mangum's  no Wesley Walls yet but he does make for a
nice target.? 4 catches for 47  yards is an improvement from what they've had
at TE and it looks like he's back  and healthy now.

?

Players Moving  Down

?

QBs Moving Down

QB Steve Beuerlein (Car)?  There's only so much a QB can do by himself.? He
lost Wesley Walls a couple  of weeks ago. I thought Beuerlein could handle
losing Tshimanga Biakabutuka but  losing WR Donald Hayes with a groin injury
proved too much.? His OL is less  than stellar and he's just not having much
time to throw.?

QB Shaun King (TB)? King swings  back toward the side of mediocrity after a
91 yard passing effort against  Chicago.? It looked that bad too.? Even for a
Les Steckel  Offense.? Losing Mike Alstott for several weeks will not be a
positive as  teams now can key on Warrick Dunn and Keyshawn Johnson.

QB Steve McNair (Ten)? Not all  the turnovers Sunday were McNair's fault but
he certainly had a hand in  them.? His problem remains a lack of healthy WRs
and a stellar RB in Eddie  George who can carry the load.? Last year, it was
McNair vulturing TDs from  George but it doesn't seem to be a problem this
year.?

QB Jake Plummer (Ari)? If  you're a regular reader, you know I'm not a
Plummer fan.? I'm especially  not a fan now that he's hurt as well.? He may
get back soon but it won't  matter for this team that's in shambles
offensively.

?

RBs Moving Down

RB Thomas Jones (Ari)? Jones'  was recovering from pneumonia Sunday but
still, you like to see a better yards  per carry average than negative 2...

RB Kevin Faulk (NE)? Either  Bill Belichick is psychotic or Kevin Faulk is
not a very good football  player.? How else do you explain Faulk earning one
carry while his RB  partner J.R. Redmond was inactive?? Patrick Pass got the
bulk of the work  but was ineffective.? I'm guessing, it's the fumbling that
earned his spot  in the doghouse.?

RB Ron Dayne (NYG)? As we've  said so often in the past, Ron Dayne's
productivity is tied directly to how well  the Giants are playing.? If New
York is leading, you'll see Dayne.? If  they're trailing, it's the Tiki
Barber show.? Lately, it's been more Tiki  than Dayne.? And if the Giants
don't make some improvements on defense, I  don't see that changing.

RB Travis Prentice (Cle)?  Prentice got folks excited early in the year but
he's been disappointing of  late.? Prentice is losing carries to Jamel White
and that doesn't look to  change anytime soon.?

?

WRs Moving Down

WR Marcus Robinson (Chi)?  Robinson is still the best WR on the team but it
appears the QB rotation is  affecting his play.? With Shane Matthews
starting, Robinson had 5  receptions for 53 yards.? While those numbers are
certainly not horrible,  they're not quite what we expect from Marcus.? He
could improve with  another week of practice but I'm a little concerned right
now.

WR Joe Horn (NO)? As I  mentioned above, I like Aaron Brooks a good bit but
there is no way that he's  anything but a significant downgrade from Jeff
Blake.? Of special worry was  the fact Brooks seemed more comfortable
throwing the ball to Willie  Jackson.

WR Donald Hayes?(Car)?  Hayes left with a groin injury Sunday and his status
for next week is  uncertain.? He's a vital part of the offense and will be
missed if he can't  go.

WR Wayne Chrebet (NYJ)? As the  Jets have struggled, so has Chrebet.? He
turned in another small game  Sunday with 22 yards on 2 catches.? These
numbers just won't get it done  for a #1 WR.

WR Ike Hilliard (NYG)? 2 weeks  ago, it was Amani Toomer taking the hard
shot.? Last week it was Hilliard  with the highlight hit.? He looks like he
may miss a game or two which is  bad news for Hilliard owners but good news
of Joe Jurevicius  owners.

?

TEs Moving Down

TE Reggie Kelly (Atl)? Kelly's  just too up and down to rely on to any
degree.? When he's featured in the  gameplan, he's?a nice player and can be
effective.? It's just that  it's so hard to guess what game that will be...

TE Anthony Becht (NYJ)? Another  Jet receiver that's struggling.? Becht is
frustrating as he'll show some  nice flashes and then disappear for long
stretches.? I'm afraid to say he's  starting to look like...a Jet's TE.

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Here are my responses:

1. Development fee is a commercial question.  This will need to be vetted
with Herman if we go with it.  Personally, I'd skip it and push to sign next
week.

2.  I have a call in to Dale.

3.  No LLC.  Kathleen will handle.  The closer the creation is to the signing
of the letter, the better, taking into account the time required to get the
docs back and set up.  Someone needs to name it.  We should also look at a
minimal list of officers.

4.  I don't have the attachment in front of me, so I will have to look it
up.  I'll get back to you.  The concept is that ENA is only responsible for
changes in the amounts owed to GE as of the closing date.  I thought the
language was awkward, and tried to make it more clear, but obviously failed!
As soon as I get the break out contract from Dale we can check on the
definitional questions. It SHOULD be the same as in the CA breakout contract
with GE, but I won't make that assumption.  Drop dead date on put/call Dec.
2002.

5. This needs to be discussed with Ben.

6.  This should be set up as a  new matter, since these aren't the Blue Dog
turbines. You can send the bill to Sheila with a copy to me.

I'll open the doc and take a look at it asap.

Kay

From: Carlos Sole on 03/05/2001 05:59 PM
To: ccampbell@kslaw.com, kay.mann@enron.com, jkeffer@kslaw.com
cc:

Subject: Issues List for LLC Documents with Panda Energy and Delta

Apologies to Carolyn for the repeated misspellings below.

----- Forwarded by Carlos Sole/NA/Enron on 03/05/2001 05:59 PM -----

	Carlos Sole
	03/05/2001 05:55 PM

		 To: kay.mann@enron.com
		 cc: ccampbell@kslaw.com, jkeffer@kslaw.com
		 Subject: Issues List for LLC Documents with Panda Energy and Delta

Kay, as I told you, Carolyn put out a set of intial draft documents and we
debriefed Jake and Stephen.  Based on our meeting, Carolyn was going to make
certain revisions based on the answers to the questions below and certain
other items we raised during our meeting.  Nevertheless, your input is
required on the following:

1.  We have discussed eliminating the payment of a development fee, which if
Delta /  Panda were to breach its obligations prior to the funding of the
Escrow would be non-refundable and serve as a form of liquidated damages.
Commercially the inclination is to avoid that fee, we need to confirm that
approach.

2.  We need to interface with Dale Rasmussen on the status of the break out
contract and how quickly it can be incorporated into the form of Facility
Agreement that would be part of our transaction.

3.  Have we established an LLC that will be sold for this project.

4.  Please see Caroline's questions 6, 7 and 13 below.

5.  Please see faxes that I left on your chair on the broker issue and
whether we need to respond in writing.  Sheila Tweed's position was not to.

6.  John asked whether K&S should open a separate subfile or include the time
charged within the Blue Dog file?

Thanks and we'll talk tomorrow.

----- Forwarded by Carlos Sole/NA/Enron on 03/05/2001 05:46 PM -----

	Jake Thomas@ECT
	03/05/2001 02:34 PM

		 To: Stephen Thome/HOU/ECT@ECT
		 cc: Carlos Sole/NA/Enron@Enron
		 Subject: Re: Initial Draft of LLC Documents with Panda Energy

See Comments in Red Below

Stephen Thome
03/05/2001 12:23 PM
To: Jake Thomas/HOU/ECT@ECT
cc: Carlos Sole/NA/Enron@Enron
Subject: Re: Initial Draft of LLC Documents with Panda Energy

Jake,

Do you want to make suggestions with regard to #3, #7, #13

Please advise of the following additional information in order that we may
complete
the enclosed documents:

1.  Full name of Panda Energy; Panda Energy International, Inc. Don't we have
two sets of doc's going out ?  The other would be for Delta Power Company LLC
2.  Type of entity of Panda Energy (this affects the representations in
Section 3.2.1 et seq. of the LLC Agreement);  Privately held company
3.  Name of the new LLC formed by ENA;  Salmon Street Energy? Spawn Energy
LLC ? (I'm totally indifferent
4.  Date of organization of the new LLC;
5.  Purchase Price payable by Panda;  $65,800,000.00 ($68,000,000.00) What
would ENA's 20% interest be valued at?
6.  Section 5(a) - there is a substantive question as to what ENA is
responsible for in connection with the Turbine Contract (I included in
brackets the alternative that was originally in the prototype document and
also the alternative as modified by Kay Mann);
7.  Outside date after which either party could terminate if transaction is
not closed;  7 April 2001?
8.   Date of confidentiality agreement;
9.  Identity of any broker used by Panda or ENA; Tom Young (I don't know if
he represents a brokerage firm).NOT!!!10.  Address for notice to Panda;

4100 Spring Valley, Suite 1001
Dallas, Texas 75244

11.  Confirmation that Purchase Amount is defined in the Turbine Contract;
12.  Confirmation that Commercial Operation is defined in the Turbine
Contract; and
13.  Date of automatic right to put or call the LLC interest.


For those who have never traveled to the great West, cattle guards are
horizontal steel rails placed on the road at fence openings to prevent
  cattle from crossing.  For some reason the bovines will not step on the
guards, probably because they fear getting their feet caught between the
rails. I need to make that clear in order for you to appreciate the
following true story:

President Clinton received a report that there were over 100,000 cattle
  guards in Colorado.  Because Colorado ranchers protested his proposed
  changes in grazing policies, he ordered Secretary of Interior Bruce
  Babbitt to fire half of the guards immediately. Before Babbitt could
respond, and presumably straighten him out, Colorado's congresswoman
Pat Schroeder intervened with a request that before any were fired, they
be given six months of retraining.

  Al Gore, never one to pass up a chance to piggy back on any story,
pointed out that if the Guards had formed a strong union, such as the
teachers have with the NEA, they would not be in jeopardy.

  ....And so it goes, in this election year.  Don't you just love the
smell of political napalm in the morning?  We are governed by a pack of
fools!

What is a Goron?

1. Gorons sincerely believe that Vice President Gore is a true
    environmentalist, when he has an environmental disaster on his
own
farm: a
    polluting zinc mine, from which he received $500,000 of income
last
year.

2. Gorons likewise believe that the VP is anti-smoking and
anti-tobacco
    when he has operated a tobacco farm for decades and accepted
government
    subsidies.

3. Gorons truly believe that Gore is a Vietnam war hero, when in
fact
he
    was placed by family influence in a "cushy" correspondent's job
and
the
    only action he saw was that of his Brownie camera!(and his bong)

4. Gorons actually believe that Al Gore is justified in illegally
raising
    political funds from the Office of the VP, simply because the
Vanderbilt
    Law educated VP claims he was ignorant of the illegality.

5. Gorons further believe that it was OK for Al Gore to accept large
sums
    of political money from China through Buddhist monks who had
taken
vows of
    poverty, since he again claimed ignorance.

6. Gorons also believe that the man who claimed to "invent the
internet"
    would be so computationally ignorant that he could lose weeks of
    potentially incriminating e-mail!

7. Gorons, incredibly, believe Gore's claim that he and Tipper were
the
    models for the book and movie, "Love Story" even though the
book's
author,
    Erich Segal, says that's a bunch of crap.

8. Gorons, amazingly, believe that Gore will be the consumer's
champion
    against high gasoline prices although Gore holds a million
dollars
in
    Occidental Petroleum stock.

9. Gorons applaud Mr. Lieberman's open rejection of President
Clinton's
    immorality, but believe it was fine for Mr. Gore to remain
silent
on
the
    subject, while simultaneously declaring Mr. Clinton "one of the
greatest
    Presidents of our history."

  10. Gorons believe that Al Gore is an effective leader, when they
won't
    bother to look at his record as a Tennessee Senator, a record so
    ineffective that it has led to election of Republicans as BOTH
of
    Tennessee's senators.

  11. Gorons hold the belief that Gore is a compassionate man who will
be
    the working man's friend, in spite of the eviction notice he
served
to the
    poor family who complained about the conditions of the run down
slum
    house that he was renting to them.

  Cautionary Note:Medical researchers acknowledge the Gorons are
generally
   harmless, except when allowed into a voting booth. There,
unfortunately,
   overcome by their gullibility syndrome, they are apt to actually
vote
for
   Gore! They should be carefully protected from their ailment,
since
it
may
   be harmful to their well-being, yours, mine, and that of the USA.
   Therefore, PLEASE, heed the Surgeon General's warning, reach out
to
aid
   the Gorons in overcoming the syndrome, and PLEASE pass this on to
your
   normal friends, who might also know Gorons who need immediate
treatment.


Just a note to always remember to check "ERMS", we are frequently amending or
updating and replacing old ERMS masters with ISDAs and ERMS should always be
added as a company when you prepare the legal credit list.  Thanks.


When George W. Bush was asked if he knew what Roe versus Wade was, he said he
thought it was the decision that General George Washington needed to make
when he planned to cross the Delaware.

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


Tim - would you like a copy of this deal's confirmation letter?

Carla - you entered this deal on 2/23/01. Should it be back-dated to match
trade date on confirmation letter?

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 02/28/2001 12:13 PM
---------------------------
Stephanie Piwetz   02/28/2001 06:51 AM

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

Subject: CDWR deal 530608.01

Kate,  we received the executed Confirmation Letter from Portland Legal
yesterday with Department of Water Resources a division of the State of
California -CDWR believe it is trade 530608.01.  The confirmation has special
terms to extend the terms of the trade by a specific date and time regarding
the option.
Needed to know if you need a copy of this confirmation to note this and we
have trade date on our confirmation letter as Feb. 22, 2001.  The trade in
enpower has a trade date of Feb 23, 2001 Trader: Tim Belden
   please let me know.

Thank you
Stephanie


Jeff,

Got your message this morning and we have refreshed the blend and extent price for you.  For 2040 MMbtu/day at the PG&E City Gate for January, 2002 through December 2005, the blend and extend price is $5.205.  Nymex for the outer years has been moving up since last week, therefore, the little increase in price.  Let me know if there is anything else you need -

Thanks,

Kim


John Singer told me these two producers' deals expired 12/31/99.  We will not
need these set up.

Producer   Pipe  Status

Burkland, Richard  CPA  Deal expired 12/31/99 No need to set up

Burkland, WIlliam S  CPA  Deal expired 12/31/99 No need to set up

What is the status on these producers ?  I have invoices and I need to pay
these ASAP, especially Questa (they are calling).

Questa Petroleum  CPA   Deal  213088 set up with meter number per 9911 pay
statement.  Production statement for volumes
      received from John Singer 3/8/00

Phoenix Dominion  CPA/Cipco Deal 142669  Producer invoice available for
information

T & F Operating  PennFuel Invoice in. Deal not set up. Not able to identify
which Penn Fuel (56 or 56W) on CGAS


Thanks for taking the time to send in your feedback. I really appreciate it.

Michelle
---------------------- Forwarded by Michelle Parks/Corp/Enron on 08/29/2000
05:07 PM ---------------------------

"Christi Smith" <christi.smith@lrinet.com> on 08/29/2000 05:02:20 PM
Please respond to <christi.smith@lrinet.com>
To: <Ed.Baughman@enron.com>, <Phillipe.A.Bibi@enron.com>,
<tdonley@ees.enron.com>, <meggleston@enron.com>, <Bill.Gathmann@enron.com>,
<clay.harris@enron.com>, <jhodge@enron.com>, <James.E.Keller@enron.com>,
<lkitchen@enron.com>, <Ray.Neppl@NPNG.enron.com>, <David.Oxley@enron.com>,
<michelle.parks@enron.com>, <bpearce@enron.com>, <mary.perkins@enron.com>,
<greek.rice@enron.com>, <slance.schuller@enron.com>, <msullivan@enron.com>,
<jeremy.thirsk@enron.com>, <jake.thomas@enron.com>, <jwilliams@enron.com>,
<greg.wolfe@enron.com>
cc: "Debbie Nowak (E-mail)" <dnowak@enron.com>

Subject: FINAL Reminder: Executive Impact & Influence Summary Report

Hello again.  We are now passed the published cutoff to complete feedback,
but have extended the deadline until this Friday, September 1.  This is one
last reminder for you to submit your Self assessment and/or for your
selected team of raters to return their survey score sheets.

The Summary Reports are shipping out late next week.  In order for any
additional data to be included in your report, FSD, our processing partner,
must receive those surveys by Friday.

A Summary Report requires feedback from at least 3 Direct Reports or 3
Peers, or 3 in a combination of the two perspectives.  It is equally
important to obtain your Manager's feedback, as well as for you to provide a
Self assessment.  If your Manager submits his/her feedback, but you do not
have a sufficient number of Direct Report and/or Peer responses, you will
only receive a report with your Manager's responses.

You may wish to send one final reminder to your raters that their data must
be received by September 1.

If you have any questions, please call me.

Christi L. Smith
Keilty, Goldsmith & Company
858/450-2554


Here are the approvals for 10/27/00