Diane,

I apologize for getting this to you so late.

I should have no staffing additions next year.

Staff

Manager 1
Sr.  2 Average to High

Training

Both Seniors should attend 1 personal enrichment class (Effective
Communication) and 1 Technical class.

I think that everything else should roll for next year. Let me know what else
I need to give you.

D

Diane H Cook
09/14/2000 03:12 PM
To: Robert Superty/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Michael
Eiben/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Rita Wynne/HOU/ECT@ECT, Steve
Jackson/HOU/ECT@ECT, Dutch Quigley/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT,
Darron C Giron/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT
cc: Bob M Hall/NA/Enron@Enron, Steve Jackson/HOU/ECT@ECT, Leslie
Reeves/HOU/ECT@ECT
Subject: BUDGET HELP!!

SALARIES, SALARIES, SALARIES!!!   Everyone is having problems.
Unfortunately, many of
you are new to your jobs and did not inherit paperwork to know what your
staff's salary is.  I have the average
salary for each of the different staffing levels.  I have asked the HR
department to also give me
the low and the high.  Let's face it - your staff today and their salary most
likely are not what
they are going to be next year!  To much movement of people.  So using
estimates and averages
will probably be as accurate as using current salary levels.

Here's what you can do:

1) Make a list of your staff just their positions.
2) Then put down if you think I should budget high, mid, average, low, low to
average, etc.
 You can guess at this based on their experience, length of time in that
position, etc.
3) Then I will calculate out an estimated salary to use for your budget.
4) Here is the average:

 Sr. $4,961
 Spec $3,964
 Staff $3,026
 Sr. Clrk $2,548
 Clerk $2,264
 Asst $3,162

Your list would look something like this:

 Assistant Average
 Clerk  Very High
 Sr. Clerk Low
 Specialist Low to Average
 Specialist Average
 Sr. Specialist Average to High
 Analyst  (They are all allocated at the same amount)

You can , however, use the exact amounts if you have them.  It's up to you.

Next Item - TRAINING!!!

Here's what you can do:

1) List your staff and the type of class they need
2) If you don't know the exact class you want to send them to, then list what
type
 of class - for example personal enrichment (i.e. Time Management) or
 Technical (Derivatives or Applied Finance or Wellhead to Burnertip)
3) The personal enrichment classes cost aroung $500-$700
4) The technical classes cost aroung $800 - $1000.
5) Just list the type of class, and I'll do the rest.

Next Item - Headhunters!

Try 20% of the new hires salary for their fees.

Other Stuff - I have made a list of all of the unusual items we do during the
year that
people forget about at budget time (i.e. flowers for secretaries day, birthday
ice cream, offsite meeting costs, customer gifts).  If you forget these
items, I will
make sure it is added to your budget.

Once I put all of your budget information into the spreadsheets, we will
review them
so that they can be adjusted as necessary and you can approve them.Hopefully
this helps you some.

Diane x-37059


Michael, here is the round-up report on Helsinki. The password is orange. tks

Robert


John thought you might be interested in the following from the credit markets....

Play by play during the call on the 5yr Enron Credit Default Swaps from Morgan Stanley:

1.  5Y BIDS GETTING HIT ON OPENING AS EARNINGS NEWS LOOKED LIKE
    CLEANING HOUSE.  250.
2.  DURING THE CONFERENCE CALL; WHICH APPARENTLY WAS UNCLEAR,
    TICKED OUT 255,260,265.
3.  LAY INDICATED NEAR END OF CONFERENCE "NO RATINGS ACTION
    ANTICIPATED".   MINUTE CONFERENCE ENDED MOODY'S WATCH NEWS
    RELEASED.  280 BID.
4.  LAY ALSO MENTIONED 3Q NEG CASH FLOW DUE TO SOME CONTRACT
    ROLLOFF.  UNCLEAR MESSSAGE.
5.  ENE SAYS COMMITTED TO "INV GRADE" RATHER THAN "A"  280/325

Summary from Morgan Stanley after the call:

CREDIT DERIVATIVE UPDATE:  ENRON CORP

AFTER THE NEWS THIS AM ($1 BIL. CHARGE), THE COMPANY HOSTED A
CALL AT 10AM NY TIME.   THE CALL DID NOT GO WELL & ENRON SPREADS
ARE HEADING WIDER IN CREDIT DERIVATIVE LAND.  MKTS ARE SPOOKED
B/C:  1) MOODY'S WATCHLISTED CO NEGATIVE, 2) ENE STATED "THEY
ARE COMMITED TO INVESTMENT GRADE RATING," WHICH IS A CHANGE FROM
THE SINGLE-A BOGEY THEY ONCE EXTOLED, 3) CO. DID NOT ADDRESS ALL
LIQUIDITY CONCERNS, AND 4) MORE CHARGES COMING?
5YR MARKETS:

      ENE (PRE-WTC):   165/185        ENE (8AM TODAY): 240/260
      ENE (WEEK AGO):  250/300      **ENE NOW:         275/350

Clearly the above are a function of what people think they heard...I did not alter any of the email.  In general MSDW likes Enron credit but this is how they see the market.  Enron is one of the most actively traded names in the credit derivative market.  Let me know if you want updates as the market gets more clarity and works throught the details


Dan,

Attached below are the two credit worksheets that you requested for Peoples
Energy Resources Corp. for both ENA and Enron MW, LLC.

Veronica


1-360-418-2957,

This number should allow you to make transmission accounts with BPA.
Remember to provide source and sink, and the portions of the path that we
will be paying.
Good luck.

Bill


This deal finally got sorted out this morning. I believe Kim Ward and Matt
Motley worked out another deal with Deseret to offset their loss on this one.
But 465821 stands as Enron had it - we sell to Deseret.

If you have any other questions, please let me know.

Thanks,
Kate


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/27/2000
08:47 AM ---------------------------

"NW on Application Service Providers" <ApplicationService@bdcimail.com> on
03/23/2000 05:35:55 AM
Please respond to "Application Service Providers Help"
<NWReplies@bellevue.com>
To: <vkamins@enron.com>
cc:
Subject: ASP Noise

NETWORK WORLD FUSION FOCUS: MIKE JUDE and NANCY MEACHIM
on APPLICATION SERVICE PROVIDERS
Today's focus: ASP Noise
03/22/00

Dear Wincenty Kaminski,

Today's focus: ASP Noise
---------------------------------------------
By Mike Jude and Nancy Meachim

One problem with the application service provider market is that no one
has yet been able to quantify it. This problem jumped out at us
recently as we were surfing the ASP News Web site.

ASP News, which is a very good resource for anyone interested in the
ASP world, has developed a dynamic directory of network-based service
providers.  To give you an idea of how much information is included,
the directory lists four main categories and 15 subcategories.
Although these categories are not exclusionary, they clearly represent
a lot of companies.

The question is, What does it all mean? What is the difference between
an independent software vendor (ISV) and an ASP?  How is a prospective
customer supposed to find the right vendor for its needs?

Therein lies the rub, as they say.  ASP News, directory makes it appear
that the service provider marketplace can be clearly defined and the
vendors listed in a neatly parsed, easy-to-understand directory.  Of
course, it isn,t that simple.  An ASP infrastructure provider, or AIP
(how,s that for an acronym within an acronym?), may, by virtue of a
partnering arrangement, also compete against full-fledged ASPs.  And
what about the mutable ISV?  What little push is required for an ISV to
become an ASP?

The fact of the matter is that the ASP News directory made me realize
that we have so much information that we can,t see the trees.  We can
only see the forest.

As providers all vie for customer attention and try to satisfy every
user need, their messages are becoming confused.  The service provider
market has reached a point of information overload.  So much marketing
is being pushed out that customers are hearing only noise.  The message
is being lost.  It is as though every person in a community was on a
telephone party line all talking at once.  Star Trek,s Borg
notwithstanding, being on the receiving end of such a call would leave
anyone confused about what was being communicated.

Too much information can be worse than no information at all.  At least
we don,t have to spend time trying to understand silence.  Today,s ASP
market makes customers work too hard.

The huge potential of this new market is attracting all types of
vendors.  New players are jumping on the bandwagon every day (even if
only via marketing material).  As a result, customers are confused, and
providers are unable to differentiate themselves or their solutions.
In short, the ASP market is being held back.

So, how do we get past the competitive chaos? We get past it in typical,
free-market style.  Because there are too many providers, many will
simply find themselves unable to compete and others will be gobbled up
by larger players as the market coalesces into several major players
with significant chunks of market share and a few smaller providers
serving niche markets.

In our opinion, this is already starting to happen.  Many of the large
players in traditional markets such as enterprise resource planning and
accounting have already begun to form alliances to gain market leverage.
Next, we will see many of these alliances collapse into large monolithic
players, as the smaller members are simply absorbed.  Remember the
lesson learned from the U.S. local telephone service market: Successful
companies always consume their friends.

Why does this happen?  It happens because consumers demand it.  The ASP
market has been wildly successful in convincing executive decision-
makers that outsourcing is the way to go.  People at this level will
not tolerate bedlam for long.  All it takes is a few large customers
choosing the same ASP and the market will be on its way to downsizing
as the winners and sure bets emerge.

One thing is clear: The answer to ASP success is not to simply try and
shout louder.  It is to reduce the noise level, and make it simpler for
the customer to understand your solution.  Remember the Borg, only when
there is a multitude of voices giving the same message is there a
chance for understanding. Make sure you are sending a clear signal, if
you want to get through the noise.

To contact Mike Jude and Nancy Meachim:
---------------------------------------
Senior consultant Michael Jude and research director Nancy Meachim are
with Enterprise Management Associates in Boulder, Colo.,
(http://www.enterprisemanagement.com), a leading analyst and market
research firm focusing exclusively on all aspects of enterprise
management. Jude has over 18 years of experience in the
telecommunications industry, most recently with US West, where he was a
manager of public policy. Mike can be reached at
mailto:jude@enterprisemanagement.com. Meachim focuses on e-business
management. She is currently conducting a research study on ASP
management that is due to be released in April. Nancy's email address
is mailto:meachim@enterprisemanagement.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

ASP advice, Network World, 02/07/00
http://www.nwfusion.com/archive/2000/86091_02-07-2000.html

The ASP effect on the software industry, Network World, 01/24/00
http://www.nwfusion.com/archive/2000/85264_01-24-2000.html

All the information you need to select an application service provider,
Network World:
http://www.nwfusion.com/research/asp.html

ASP News Review, Monthly newsletter of the ASP industry. (Subscription
required).
http://www.aspnews.com/Review.htm

Other ASP-related articles from Network World:

Keylime goes for big piece of Web site management pie, Network World
http://www.nwfusion.com/archive/2000/90238_03-20-2000.html

*********************************************************
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Network World Fusion is part of IDG.net, the IDG Online Network.
IT All Starts Here:
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Copyright Network World, Inc., 2000


REMINDER:

Records on the August 2000 name change/merger notification report will be
inactivated tomorrow afternoon 9/01.


Sorry - the # on his printed itinerary was missing the country code.

Here what to dial 011-81-3-3211-5211

He should be on his conf call until about 4:00 pm (Central).

Sorry about that


Jim

Given that the Xcelerator has been returned to Corporate from EWS, would you like me to continue to use Haedicke's group for legal support, or is there someone in corporate I should speak with instead?

Thanks.

Heath

Heath Schiesser
713-345-4585
heath.schiesser@enron.com


I was in La Madel. this morning  (Sun) having coffee and juice, and I thought
for SURE I was going to see you there!

Alexandra Saler@EES
01/04/2001 10:54 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I just spoke to my sister and she goes to the doctor on monday.  the baby's
heart is the size of a poppy seed, and the baby is the size of a bean.  she
and josh are calling it their "beanie baby."  isn't that cute?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Have a great evening--I'm out of here!

Alexandra Saler@EES
01/03/2001 09:46 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I know what you mean.  let's figure out when we both have some free time and
maybe we can go to a fun dinner and blow off some steam.

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I think my head spun, then exploded.  Ditto on the busy part!  Trying to get
Max and Chloe ready for their departure Friday, meeting with contractors, and
work.  OY.

Alexandra Saler@EES
01/02/2001 11:35 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

happy new year!  I hope that you are having a great day.  my head is
spinning....I have so much to do, I don't know where to start!


Start Date: 1/11/02; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011102.txt


Yes, I am happy to do that.  Mark


Hi Mark -

The Legal Group in London (Justin Boyd) has advised that office that it would
be OK to stop sending GTC's with confirms.  Instead, the documentation teams
in London have been advised to include the following language on their
EnronOnline transactions that are governed under GTC's (not governed by
Master Agreements):

"This Transaction is governed by the EnronOnline General Terms and Conditions
(GTC) that you have accepted via EnronOnline. For a copy of this GTC, please
click on the Product Description on the EnronOnline website and choose "View
GTC".

Please advise if this policy may be applied to the EnronOnline transactions
for the Houston office.

Thanks -
Rob


I have received preliminary information from D&B.  I think several
issues/questions have been raised that if explored, could result in a better
solution for the money.

Option 1
The update frequency for our current file can be improved from quarterly to
monthly for a cost of $87,000 (USD) through March, 2001.

Option 2
I wasn't sure what specific data in the file you might be interested in.  If
you are particularly interested in the Financial Stress Score and Credit
Score, for example, there are multiple alternatives :

 2a) Keep quartlery refresh of base data (party name, etc) and refresh scores
that are added/changed on a monthly basis.  Cost - $1.17(USD) per
record.          Note that there are 575,000 records in the file currently
with financial and credit scores, making this potentially a very expensive
alternative
        (575,000 X 1.17=$ 672,750).

 2b) Batch or FTP updates of the financial and stress scores can only be
provided monthly.  D&B is working on a solution that would provide a
weekly         update to their customers in a batch or FTP manner, but has
not committed to when this will be ready.  Therefore, if more timely updates
than monthly                          are desired, it is also possible to
transactionally access records one at a time using D&B's software.  The cost
for this is extremely high at $10.52         (USD) per score.

Option 3
D&B Connect Product.
 D&B Connect is a tool set of matching software, an externally validated
reference file, credit and marketing information, and D&B services that
enables the  most effective integration of customer information and
third-party information with D&B information.  Only this type of process and
information integration  capability can facilitate and ensure accurate
identification, linkage and maintenance of your customer's complete
relationship.   In addition, D&B Connect  assures organizations of
referential integrity by providing an automated and electronic link to D&B so
that the most recent D&B information is always  transmitted to your
organization and updated within your local D&B Connect Reference File.  D&B
Connect is scalable.

 Cost Typically ranging from
 * Customer Access Module (CAM) Batch- - $25,000
 * CAM Online - $50,000
 * Full Information Integrator - $350,000 + data

With more specifics as to your needs, this option should perhaps be pursued.

Questions/Issues

1) D&B had questions regarding the use of their data and whether Enron
customers would be offered this information for a fee or free.  I explained
that I  did not feel the data would be offered directly to Enron customers,
but that it would be used to support analysis that would be available
externally via web  site, etc.  All pricing above is based upon this
understanding.  If I have not portrayed the usage correctly, it will be
imperative to get a better understanding  before final pricing can be
negotiated.

2)  Are there specific data elements that you are interested in ?
Alternatives may vary by data element.  Financial Stress Score and Credit
Score reference  above were explored as an example.

3)  What is timeframe for needing a solution ?

4)  Financial Stress Score and Credit Score are only available on U.S.
companies.  A comparable measure - Global Failure Score (the liklihood of
default or  bankruptcy)  is available for international companies.  This
rating score however, is NOT currently available via a batch or FTP manner.
This could result  in additional cost if we wish to pursue obtaining this
score in a batch manner.

5)  Pricing also varies whether the information is to be used for credit
analysis or risk management decisions versus for marketing purposes.  This is
probably  negotiable as the data is the same.  The thought process is that if
the repository is used for credit or risk decisions, D&B will see decreased
usage and  revenue on a transactional basis by the credit departments.

 If you would like me to follow up further, please give me a call at
713-853-6079.


Crude 24X7 WTI Marketing Effort

Trade Count:
 146  Trades
 6.96  Million Barrels
  5  Counterparties Transacting Today
 27 Counterparties Transacting to Date


Start Date: 4/1/01; HourAhead hour: 2;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040102.txt


That's ok - he always has done

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Thursday, October 25, 2001 10:48 AM
To:	Kitchen, Louise
Subject:	Today's meeting

Went VERY well.  Lots of positive vibes afterwards and goodwill towards both of you.  People most appreciated executives admitting to the fact that things were wrong and they were frustrated too, but everyone needs to get over it.  Big change from past history of blaming everyone but ourselves and just glossing over the real problems and making them sound better....

- R
Side note:  JL uses the word "I" a bit too much.


Yo Ben!? You must be working too hard if  you're thinking of going on
vacation with the old folks!? Sounds great to  me, though!? It's funny, Dale
and I had been thinking along the same lines.  Great minds....!? Hope you're
not working late tonight!? Love ya!  M.


---------------------- Forwarded by Mike Carson/Corp/Enron on 11/20/2000
03:53 PM ---------------------------

"Cody Downard" <CDownard@vailresorts.com> on 11/20/2000 03:10:39 PM
To: <Mike.Carson@enron.com>
cc:

Subject: Re:

Hey what's up??!

How's the baby squirrel??  How big is he now?

My sister is going to start popping out kids here pretty soon....she is
getting married in KC on Dec. 16.

Wow...I feel old.....

I am not having babies anytime soon.....I just got out of a 1.5year
relationship, and am not really having too much luck with any other women, so
I may just move to Nepal and become a monk.....

my address is:
P.O. Box 3394
Avon, CO 81620

Later,
Cody

Cody Downard
Vail/Beaver Creek Training & Development Dept.
970.845.2484
email: cdownard@vailresorts.com

>>> <Mike.Carson@enron.com> 11/20/00 08:14AM >>>
What is your address??


The following is the weekly deal report covering 4/26/01 - 5/02/01.


Sara,
 Mike Fowler forwarded me a copy of the prime broker clearing services
agreement sent to him by BuySide Direct, to facilitate the trading they would
like to do.  We would like to comment on item #23.  Input on #23 should be
Morgan Stanley and Goldman Sachs, the two prime brokers currently utilized
most by ECT Investments Inc.  Sheila Glover asked me to review and forward
comments to you.  The document looks like the standard prime broker clearing
services agreement that we have established in the past with other
executing/clearing brokers.  If you need anything else, my number is
713-853-1439.

Thanks,
Theresa
---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 08/22/2000
08:32 AM ---------------------------

Mike Fowler@ENRON
08/21/2000 11:05 AM
To: Theresa T Brogan/HOU/ECT@ECT
cc:
Subject: Online Trading Platforms

As noted below, we would like to establish agreements with several online
corporate bond trading platforms, including Buy Side Direct which will be
used for trading convertible bonds and associated equity hedges.  As
suggested by Sheila, I will provide you with the agreement from Buy Side
Direct's clearing firm.  Please complete the appropriate sections to allow
their clearing firm to clear in an account in the name of our prime broker
designated for our benefit.

Thanks.

Mike
x39990

---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/21/2000
09:31 AM ---------------------------

	Enron North America Corp.

	From:  Sheila Glover @ ECT                           08/18/2000 04:28 AM

To: Ted Murphy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Mike Fowler/Corp/Enron@ENRON, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT,
Selena Gonzalez/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela
Charania/HOU/ECT@ECT, Samantha T Davidson/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron

Subject: Online Trading Platforms

Ted, Bill and Sara,
ECT Investments Inc. is wanting to establish execution only agreements for
on-line trading for the Convertble and credit books.  These services are new
and the trading desk wants to be able to utilize.
We will establish only one relationship with ECT Investments Inc. at this
time and all clearance will be done through our prime brokers.  [Books are
maintained separately at all prime brokers.].
Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 18/08/2000 04:16
---------------------------

Mike Fowler@ENRON
17/08/2000 16:01
To: Sheila Glover/HOU/ECT@ECT
cc: Madhur Dayal/HOU/ECT@ECT
Subject: Online Trading Platforms

I'm working with Sara on legal issues related to Buy Side Direct.  Is my
understanding correct that approval from Risk Control and Credit is required
to initiate trading, and that you are requesting their approval for Buy Side
Direct as well as the other sites listed below ?

Please let me know if I should be involved in this process.  Any feedback
regarding expected timing of this approval would also be appreciated.

Thanks.

Mike
x39990

---------------------- Forwarded by Mike Fowler/Corp/Enron on 08/17/2000
01:55 PM ---------------------------

Mike Fowler
08/15/2000 10:21 AM
To: Sheila Glover/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT

Subject: Online Trading Platforms

I am requesting that online trading agreements be executed with the following
bond trading platforms which we are evaluating:

         Site   Initial Corporate Bond Categories *       Type  Site Status

Buy Side Direct   Convertibles (+ Equity Hedge)  ** Cross Matching  Aug 15th
Launch

Trading Edge / Bond Link High Yield, Convertibles   Cross Matching  Live

LIMITrader   High Yield, Convertibles   Cross Matching  Live

Market Axess   Investment Grade   Multi-Dealer ***  August Launch

*   Additional corporate bond categories may be added in the future.  For
example, Market Axess expects to add high yield and convertible bonds within
3  to 6 months.

** John Greene is aware that convertible bond transactions through Buy Side
Direct will involve offsetting equity hedges.

*** We have execution agreements in place with all current Market Axess
dealers.

Potential benefits offered by online sites include trading flows and improved
execution efficiency.  In addition, these sites provide opportunities for
generating demand for EnronCredit.com credit derivatives, given that users of
these sites are buyers or sellers of corporate credit risk.  The ability to
trade will greatly enhance our evaluation of these sites.

As noted above, 3 of the 4 sites are cross-matching, where trading is
completely anonymous and the site's sponsor or clearing firm are the nominal
counterparty for all trades.   One of the 4 sites will be a multi-dealer
system where counterparties transact directly with a particular dealer.

Trades for all sites would be cleared through prime brokers with whom we have
existing agreements.

As you suggested, we should ensure that agreements with online trading
platforms allow for trading by ENA, ECT Investments and EnronCredit.com.   My
understanding is that Sheila's group would coordinate the opening of any
additional accounts required to facilitate trading by each entity.

I suggest that Madhur Dayal be designated initially at the person to receive
notification of material changes to agreements.  We should retain the ability
to change this contact person.

Thanks.

Mike
x39990


FYI see attached. Any questions, please call me at ext 39932. Thanks.

Kimat


None of the counterparties on your Mexico counterparty list should be
approved to trade:  any financial product, physical bandwidth, and physical
power.  When I get back to the office on Wednesday, I will do up your
spreadsheets.

Thanks!


-----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, February 05, 2002 9:22 AM
To:	Vuittonet, Laura; Rangel, Ina; Young, Becky; Hogan, Irena D.
Subject:	RE: Fundamentals Presentation

This meeting has been changed to Thursday, Feb 7th from 2-4 p.m.  It will be held in the same conference room (ECS06990).

Thanks,
Amanda

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Monday, February 04, 2002 10:24 AM
To:	Vuittonet, Laura; Rangel, Ina; Young, Becky; Hogan, Irena D.
Subject:	Fundamentals Presentation

Assistants, please forward to your groups.

The Fundamentals group is giving a presentation tomorrow, Feb 5th from 2-4 in room ECS06990.

The topic will be the Gas Market.

Thanks,

Amanda Rybarski
Gas Fundamentals
Office: (713) 853-4384
Fax: (713) 646-8453
Pager: (877) 482-0772
Cell: (713) 560-0934


no, i dont mind.       : - )

 -----Original Message-----
From: 	Griffith, John
Sent:	Monday, October 22, 2001 3:50 PM
To:	Villarreal, Alexandra
Subject:	RE:

Hi how are you doing?  I have a meeting from 4 to 5, do you mind waiting for me?  Thanks.

John

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Monday, October 22, 2001 3:48 PM
To:	Griffith, John
Subject:

hello


-----Original Message-----
From: 	Slone, Jeanie
Sent:	Tuesday, January 22, 2002 11:27 AM
To:	Roberts, Mike A.; Superty, Robert
Cc:	Rangel, Ina; Young, Becky; Vuittonet, Laura; Rybarski, Amanda; Hogan, Irena D.
Subject:

A UBS benefits presentation will be held today in room 6980 at 2:00, 3:00 and 4:00 pm.  Please tell anyone who might be interested.  Thanks.


---------------------- Forwarded by Tana Jones/HOU/ECT on 02/01/2000 05:09 PM
---------------------------

Molly Harris
02/01/2000 03:48 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, Brian Hunter-Lindsay/LON/ECT@ECT, Coenraad
Basson/LON/ECT@ECT, Bhautik Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David
Weekes/LON/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT,
Lisa Gillette/HOU/ECT@ECT
Subject: EOL Credit Responses 2/1

Please find attached Credit's EOL responses for 2/1/00.

Regards,
Molly


Paula,

I think I am OK with this.  Those are clearly among the factors driving the
final mechanics of the structure.  As for the AZX debt, I would like to be
able to focus on the absence of  a put, as opposed to acceleration.  We can
discuss this Thursday.

Thanks,
Mark

Paula Rieker
10/25/2000 08:38 PM
To: J Mark Metts/NA/Enron@Enron
cc: Mark Koenig/Corp/Enron@ENRON
Subject: Re: Revised Letter

Mark -

I assume a key term in the eventual structure with AZX will be maintenance of
ENE's off-balance sheet treatment of AZX to ENE and no acceleration in the
AZX level debt or indirect obligations of Enron to Marlin.   Would you
agree?  If so, I would like to be free to set that probable criteria forth to
analysts/investors following the announcement.

With Reg FD, I am assessing whether we need reference to this key critieria
in one of the public documents (the letter or in the press release) in order
to set forth our intent to analysts/investors.

I understand why this criteria is not referenced in the letter.  Are you
troubled if we reference this in the press release and it is not in the
letter?

We can talk Thursday. THX  Paula


The price should be 3.56.  There had been alot of price and volume
discussions for this gas day and 8/1/00.  I checked the notes and found that
we actually settled at 3.56 instead of 3.58.

D

Katherine Herrera@ENRON
10/05/2000 08:11 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: July Pricing discrepancy :Sell to Tenaska Marketing, Deal # 399791

Daren-

Sell to Tenaska Marketing
July Deal # 399791

Tenaska is indicating that the sale for July 2000 should be priced at $3.56.
Could you confirm our sale price should have been $3.58?

---------------------- Forwarded by Katherine Herrera/Corp/Enron on
10/05/2000 08:03 AM ---------------------------

Kristen J Hanson@ECT
09/15/2000 09:37 AM
To: Katherine Herrera/Corp/Enron@ENRON
cc:

Subject: Re: Cleburne Plant

FYI- The purchase invoices have arrived and were given to Megan. Please feel
free to call Darren with any questions.
Thanks,
Kris

Daren J Farmer
09/13/2000 04:01 PM
To: Rita Wynne/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Julie Meyers/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron,
David Baumbach/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT, Mark
McCoy/Corp/Enron@Enron
cc:
Subject: Cleburne Plant

Well, folks, the Cleburne deal has started.  The deal has not been finalized
through legal.  However, we were able to "get between" a few deals and make
some money before we finalized it.  The Cleburne plant was down 7/31-8/7 and
8/31.  On these dates, we bought gas from Tenaska IV Texas Partners and sold
to ANP and Tenaska Marketing.  Because things were not set up, I could not
enter the deals until now.  Please review the following deals and settle with
the customers.

Buy from Tenaska IV
 July 399763
 Aug 399773

Sell to Tenaska Marketing
 July 399791
 Aug 399797

Sell to ANP
 Aug 399814

The trading desk these are on is "ENA-IM Cleburne".

Kris - I have forwarded invoices from Tenaska IV to you via intercompany
mail.  (I received both invoices this week)

 I am sure there are questions, just give me a call.  Tanks.

D


Has GE signed off on the numbers?

Kay

	From:  Rebecca Walker                           04/24/2001 04:05 PM

To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Catherine
Clark/Enron@EnronXGate

Subject: PLEASE REVIEW -- Changes to Northwestern Letter Agreement

Kay

Attached are changes to the Northwestern 7EA Letter Agreement.  Per Ben
Jacoby's request, I have updated the Remaining Purchase Amount Instalment
(Schedule III) Amounts.  Catherine Clark in Global Finance has signed off on
these numbers, as well.  Please call me at x57968 if you have any questions.

Regards,
Rebecca


i've got to wait until my cousin picks me up today, so i will probably not leave here until 6:30pm.   how late are you working?


Given the current tremendous energy market volatility and as we stretch
resources to make our commercial goals for 2000, we think it would be
appropriate to postpone the ENA 2000 Offsite to early next year.  I trust
this meets with your approval and thanks for all the hard work.

Regards
Dave and John


In case you had not heard, Lou Pai has done some fundraising for Franks and
both he and his(Lou's) sister know him fairly well.  Keep it in mind if at
some point we need to get in to see him.

	From:  Jeffrey Keeler                           08/23/2000 03:44 PM

To: Clayton Seigle/HOU/ECT@ECT
cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/HOU/EES@EES, Michael
Terraso/OTS/Enron@ENRON, David L Johnson/OTS/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Cynthia
Sandherr/Corp/Enron@ENRON, Allison Navin/Corp/Enron@ENRON

Subject: Re: pipeline aftermath

Clayton:

Here are some preliminary answers to your questions (and I have copied GPG
and Government Affairs folks as well to share this information):

1)  I am currently assessing the situation regarding pipeline safety
legislation.  This week has been very quiet on Capitol Hill as all of the
members are back in the states on August recess running for re-election and
it is a big vacation week for staff...but here's what I am hearing:

As you may or may not know, we have been been very active this year trying to
temper pipeline safety legislation that was fairly reactionary in the wake of
last summer's liquid pipeline accident in Bellingham, WA.

SENATE:  In June, Senators John McCain (R-AZ) and Slade Gorton (R-WA) led the
charge to pass a pipeline safety bill (S. 2438) out of the Senate Commerce
Committee, and that bill is awaiting floor action in the Senate.   Because of
the hasty way in which S. 2438 was drafted and passed, there was a
realization by both Republicans and Democrats in the Senate that the bill
could not make it to the floor for a vote until some serious changes were
made -- mostly things that were deal breakers for industry.  Enron and El
Paso were leading the charge and we had a number of Senators backing our
efforts to negotiate changes, including Majority Leader Trent Lott (R-MS),
Kay Bailey Hutchison (R-TX), John Breaux (D-LA), and Sam Brownback (R-KS).
From what I've learned since the accident, these Senators are not changing
their strategy and are still asking for the same improvements.  Fortunately,
most of the changes we were looking to make were fairly technical and not the
types of things that would be seriously compromised by the accident.
Industy was already in the position of having to accept a number of things
they never would have if not for he Bellingham incident...the El Paso
incident just reinforces those.   The biggest potential effect I see from the
El Paso accident is an increased effort to pass something before the Congress
adjourns in early October.  The New Mexico Senators are already calling for a
floor vote on the McCain/Gorton legislation, and I there will certainly be
greater pressure on leaders to wrap up negotiations, get agreement from all
sides on a bill, and move it unanimously through a vote on the Senate floor.

HOUSE:   The House is moving a bit more slowly, but again, I'd expect the El
Paso situation to expedite things somewhat.  There were several bills
introduced in the House that were not moving anywhere, including an identical
copy of the McCain legislation introduced by Rep. Bob Franks (R-NJ).  Franks
is now anxious to move legislation, as he is running for Senate and would
love to take credit for helping out on an issue of national visibility.
Before the accident, House Tranportation Committee leaders on both the
Democrat and Republican side were working on a "consensus" bill that they
could introduce in early September and move quickly through the Committee and
to the House floor.   I'm told that negotiations on that legislation are
moving forward and a draft bill will be produced shortly.  Unlike our
experience in the Senate, we have had significant input into the bill in
advance, and expect something that we can live with -- and something more
reasonable than the McCain bill.   With that said, there may be an effort to
expand the bill in a few areas because of the El Paso accident, so we'll have
to see what kind of hand we're dealt in the next few weeks.

Overall, I'd expect pipeline safety legislation to be given higher priority
when Congress returns after Labor Day.  In the absence of this accident, I
would have given it slim odds of passing in the few short weeks until
adjournment, with appropriations bills taking up most of Congress' precious
time.   Now there will be greater pressure to come to consensus and move
bills through by an expedited process, so that everyone running for election
in November can show that they've done something about this terrible
tragedy.   With that said, there's still not that much time to get
legislation through, so I'd say that there's still a chance it may not get
done this year.   If I had to attach a number to it, I'd say that the El Paso
accident improves the chances of legislation going all the way to probably
50-60%.

2)  Gas supply to California:   I'll have to do some more checking in this
area and get back to you.   All I've heard so far is that the safety
questions that remain may slow the speed of restarting flow on the line,
notwithstanding that El Paso thinks it can have things running again fairly
quickly.   I'm sure the power crunch in California will put some
counter-pressure on, but I just don't have good intelligence on this yet.

With all this said, I'm on vacation this week and parts of next week
finishing up some leave I've taken for the birth of our new baby daughter, so
I may not have an additional report for you until early to mid next week.

If you have questions, please respond by e-mail, or leave a message on my
voice mail at 202-466-9157.

Regards,

Jeff Keeler

	From:  Cynthia Sandherr                           08/23/2000 09:48 AM

Sent by: Allison Navin
To: Clayton Seigle/HOU/ECT@ECT
cc: Jeffrey Keeler/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON

Subject: Re: pipeline aftermath

Jeff Keeler in our office handles pipeline safety issues and I am copying him
on this e-mail so that he may reply to you directly.  Also, Cynthia is out of
the office through the end of the week but will be reachable tomorrow and
Friday.  Thanks.

Allison

Clayton Seigle@ECT
08/22/2000 06:29 PM

To: Cynthia Sandherr/Corp/Enron@ENRON
cc:

Subject: pipeline aftermath

Hi Cynthia:

The commercial officers here are very concerned with the El Paso pipeline
explosion in New Mexico.  We would love to get some input from your group on
the following questions if possible:

1.  What is the status of pipeline safety legislation on the Hill, and what
is the outlook for action between now and the end of the year?

2.  What are people from California saying about the added pressure on gas
supplies, and what are people from New Mexico saying about restarting the
flow of gas while safety questions remain?

These questions come straight from the top, and any information you could
provide would be very helpful.  Please write me back or call and let me know
if/when you think we might be able to get some initial answers.

Thanks very much!

Clay


---------------------- Forwarded by Todd Peterson/ENRON_DEVELOPMENT on
03/06/2001 02:37 PM ---------------------------

Clay Harris
01/09/2001 12:36 PM
To: Todd Peterson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Clay.Harris@enron.com, Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: OLNG/COU

Todd,

I will remind Hiro to resend the draft COU for our review. He emailed the
draft in December but we were unable to open the document. With respect to
the cool down cargo I intend to wait until we have an agreed plan for DPC
supply before discussing the cargo with OLNG. Our intent is to make sure the
cool down cargo is a pre-lift of DPC's fixed quantity obligation regardless
of the contract start date.

Clay

Todd Peterson
01/08/2001 04:34 PM
To: Clay.Harris@enron.com
cc: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: OLNG/COU

Clay,

Any news on the COU and the redacted Kogas implementation procedures?

Also, what are you telling them about the first cool down cargo that EE&CC
are requesting for the 1st of Nov 01.

BR/TP


Melissa,

I am available.  Please call me at X5-8274 with the room number.

Thanks,

Errol

From: Melissa Prihoda/ENRON@enronXgate on 05/07/2001 11:10 AM
To: Phillip M Love/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Frank De Jesus/ENRON@enronXgate, Sunjay Arya/ENRON@enronXgate

Subject: Workforce Stability

Time:  Tuesday, May 08, 2001 10:00 AM-11:00 AM.
Location:  TBD
Topic:  Please reply and let me know if you are available to discuss the
Utility Track for the 2 new    Analysts that will join your group this
summer.  We need to identify responsibilities the    analysts could have at
each desk.


Ken Lay can do November 20 at 5 p.m. EST or November 27 at 6 p.m. EST.
November 21 is not good for him.

Thanks.

Rosalee

"Garten, Jeffrey" <jeffrey.garten@yale.edu> on 11/02/2000 10:51:36 AM
To: "'Len@shv.com'" <Len@shv.com>, "'jdoerr@kpcb.com'" <jdoerr@kpcb.com>,
"'robg@real.com'" <robg@real.com>, "'larry_kanarek@mckinsey.com'"
<larry_kanarek@mckinsey.com>, "'HHK@sprintmail.com'" <HHK@sprintmail.com>,
"'kenneth.lay@enron.com'" <kenneth.lay@enron.com>, "'blev@stern.nyu.edu'"
<blev@stern.nyu.edu>, "'jbneff@wellmanage.com'" <jbneff@wellmanage.com>,
"'nperetsman@allenco.com'" <nperetsman@allenco.com>,
"'hadlow@blackstone.com'" <hadlow@blackstone.com>,
"'carlsonl@blackstone.com'" <carlsonl@blackstone.com>, "'depowell@cisco.com'"
<depowell@cisco.com>, "'David.L.Shedlarz@pfizer.com'"
<David.L.Shedlarz@pfizer.com>, "'rick/sherlund@gs.com'" <rick@gs.com>,
"'jstiglitz@brookings.edu'" <jstiglitz@brookings.edu>,
"'Hal@sims.berkeley.edu'" <Hal@sims.berkeley.edu>
cc: "'tim_koller@mckinsey.com'" <tim_koller@mckinsey.com>,
"'avalles@kpcb.com'" <avalles@kpcb.com>, "'Lliming@real.com'"
<Lliming@real.com>, "'jeanne_giles@mckinsey.com'"
<jeanne_giles@mckinsey.com>, "'rosalee.fleming@enron.com'"
<rosalee.fleming@enron.com>, "'kboles@allenco.com'" <kboles@allenco.com>,
"'dryan@cisco.com'" <dryan@cisco.com>, "'jfielding@gs.com'"
<jfielding@gs.com>, "'tmerkle@brook.edu'" <tmerkle@brook.edu>,
"'lucy@sims.berkeley.edu'" <lucy@sims.berkeley.edu>,
"'carolyn_hubbard@mckinsey.com'" <carolyn_hubbard@mckinsey.com>, "Petersen,
Valerie" <valerie.petersen@yale.edu>
Subject: Panel on Valuation

I am sorry for the delay in getting back to you with a revision of the
paper.

Attached please find a revised summary by Tim Koller.  We hope it reflects
well the discussion of our previous meeting. Before the next meeting, it is
our intention to send along the longer discussion paper that would mirror
this summary.  I suggest this next meeting take place as a conference call
at one of the following times.  Please indicate with an "X" in the boxes
next to the proposed dates which dates are good for you.

   Monday, November 20, 5 p.m. EST [ X  ]

   Tuesday, November 21, 5 pm EST  [   ]

   Monday November 27, 6 pm EST  [ X  ]

We would like to get everyone's views in advance of this conference call,
either in writing or by phone.  Please indicate below what your preference
would be.  If a call is preferred, Valerie Petersen will contact your office
to set it up.

   Call [   ]

   Writing [   ]

There will be one last meeting scheduled after the conference call meeting
takes place to go over the final draft.

Look forward to hearing from you.

Thanks very much,
Jeff

 <<SEC Doc Draft 1029 short.doc>>

 - SEC Doc Draft 1029 short.doc


Hi Jeff,

I'm preparing the letter agreement regarding payment.  Can you help me with
the name and address to use?

Thanks,

Kay


This is the new conference room that this meeting will be in.

Thanks,
Sonia


TASK ASSIGNMENT

Status:		completed

Task Priority:		1
Task Due On:		3/7/2000
Task Start Date:	3/7/2000


No one resolved this. It still needs to be done. You, Robert, and Volume
management need to be involved for November. You and Robert can take care of
Dec. If you need more input let me know.

Thanks
Ken

	Kimberly Vaughn
	12/21/99 04:17 PM

To: Kenneth Seaman/HOU/ECT@ECT
cc:
Subject: Re: Meter #1512

I was on vacation the week that sent this note out.  I was just wondering if
anyone helped you resolve this?  And if not do you need help?

---------------------- Forwarded by Kimberly Vaughn/HOU/ECT on 12/21/99 03:15
PM ---------------------------
Kenneth Seaman   12/21/99 03:28 PM

To: Kimberly Vaughn/HOU/ECT@ECT
cc:
Subject: Re: Meter #1512

I think I know what you are asking, but not for sure. What does do this while
I was out mean??

	Kimberly Vaughn
	12/21/99 02:12 PM

To: Kenneth Seaman/HOU/ECT@ECT
cc:
Subject: Meter #1512

Ken.  Did anyone do this while I was out?   Do you need anthing?

---------------------- Forwarded by Kimberly Vaughn/HOU/ECT on 12/21/99 01:10
PM ---------------------------
Kenneth Seaman   12/13/99 02:19 PM

To: Howard B Camp/HOU/ECT@ECT, Kimberly Vaughn/HOU/ECT@ECT, Robert E
Lloyd/HOU/ECT@ECT
cc:
Subject: Meter #1512

In November volume was applied to deal #92963 when, in fact, all volume
should be on 125066. Please effect this change asap and insure December is
set up for 125066. Deal #92963 should have been terminated at the end of
October.

Thanks
Ken


Enron Federal Credit Union Stands Ready to Assist You
Enron Federal Credit Union would like you to know that we stand ready to assist our members affected by the recent events. We are committed to those who may need special assistance during this difficult time.
The State of Enron Federal Credit Union
We are dedicated to providing our members with all the services they would normally expect to receive.  Business will continue to be conducted as it always has.  We will continue to provide loans.  In the event you have an EFCU loan or credit card, we will negotiate a workable agreement for its repayment if necessary.  These arrangements will be made on an individual basis.  ATM withdrawals and Debit Card transactions will carry the same daily limits.
EFCU will be conducting "business as usual."
EFCU is a not-for-profit financial institution (a cooperative) owned and operated by you, the member.  And, although we are here exclusively to provide financial services to the employees of Enron Corp. and their family members, we remain financially independent from Enron Corp.  And, your accounts at the Credit Union are insured to $100,000.00 by the National Credit Union Share Insurance Fund (NCUSIF), supervised by the National Credit Union Administration (NCUA), an agency of the U.S. Government.

How To Access The Credit Union

You may continue to access your funds in the Credit Union at EB 399, through our electronic services, or at any of our Texas Credit Union Service Center branches:

Northwest Houston				Galleria Area
5507 E FM 1960 West				5444 Westheimer (CMS Energy Building)
281.580.1557					713.627.4000
Southeast Houston				Sugar Land
12346B Gulf Freeway				15303 Southwest Freeway
713.946.5828					281.242.3200

QuickLink - http://www.enronfcu.com
QuickTeller - 713.853.1466 or 800.321.1396
Anytime Loans - 800.235.8763 or http://www.enronfcu.com

Teller Services Hours
Monday, Tuesday, Thursday & Friday:  7:30 a.m. - 5:00 p.m.
Wednesday:  9:00 a.m. - 5:00 p.m.
Financial Services Hours
Monday - Friday:  9:00 a.m. - 5:00 p.m.

Attached is a list of Frequently Asked Questions about the state of Enron Federal Credit Union.  Please contact us with any questions or concerns you may have at 713.853.6242, or at efcu@enron.com.


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IU News 010518
May 18, 2001

Welcome to IU News. Please pass this on to other alumni and friends of IU
who you believe may be interested.

GET WIRED TO IU:

HOOSIERS RETURN FROM THE GREAT WALL - The IU School of Health, Physical
Education and Recreation delegation that hiked the Great Wall of China has
returned home. Relive the group's 11-day adventure on IU's Great Wall Walk
Web site.
        http://www.greatwallwalk.indiana.edu/

QUALITY:

IU PROFESSOR ELECTED TO AMERICAN ACADEMY OF ARTS AND SCIENCES - Thomas J.
Mathiesen, Distinguished Professor and David H. Jacobs Chair in Music at
the IU School of Music, has joined a distinguished list of national
colleagues in one of the most prestigious academic organizations in the
world, the American Academy of Arts and Sciences. Considered the world's
leading specialist in ancient Greek music, Mathiesen is director of the IU
Center for the History of Music Theory and Literature.
        http://www.iuinfo.indiana.edu/ocm/releases/aaas01.htm

IUPUI PROFESSOR HONORED FOR WORK WITH CHILDREN - Longtime children's
rights advocate and Indiana University Purdue University Indianapolis
education professor Stuart Hart of Noblesville, Ind., received the
prestigious Sagamore of the Wabash Award at a retirement party last month.
Former Lt. Gov. John Mutz presented Hart with the award in honor of his
work on behalf of children. "Through his passion for children, he has
instilled in an international cadre of professionals a desire to improve
the lot of children across the world," Mutz said. Hart is retiring this
month after 30 years as an instructor at IUPUI.
        http://www.iupui.edu/news/hartaward.htm

RESEARCH:

IU RESEARCHERS RELEASE CENSUS STUDY - Indiana's population is aging, with
the state's median age at 35.2 in 2000, up from 32.8 in 1990 and 29.2 in
1980, according to data released May 17 by the U.S. Census Bureau. Half of
the population are older than the median age and half are younger. An
analysis of the data was released by Joan P. Morand, research director
with the Indiana Business Research Center in IU's Kelley School of
Business. IBRC serves as the state's official liaison with the U.S. Bureau
of the Census and regularly analyzes state population trends.
        http://www.iuinfo.indiana.edu/ocm/releases/census0501.htm

ZERO EVIDENCE FOR ZERO TOLERANCE IN SCHOOLS - Can the use of zero
tolerance in school discipline improve student behavior or lead to safer
schools? Probably not, concludes a report released May 15 by the Indiana
Education Policy Center at the IU School of Education in Bloomington. The
report finds that although the use of suspension and expulsion for
non-dangerous behavior places an increasing number of students at risk for
being removed from school, those risks are in no way justified by the
results of the policy.
        http://www.iuinfo.indiana.edu/ocm/releases/zerotolerance.htm

SPORTS:

MEN'S BASKETBALL NON-CONFERENCE SCHEDULE - IU men's basketball coach Mike
Davis announced the 2001-02 non-conference schedule. The season will
include games at the Great Alaska Shootout, the Big Ten/ACC Challenge and
the Orange Bowl Classic in Miami. The Hoosiers also will face the
University of Kentucky Wildcats at the RCA Dome in Indianapolis and the
University of Louisville Cardinals at Assembly Hall.

http://www.indiana.edu/~athlweb/graphic/sports/m-bkball/mbkpress/01-02/mbk05-14-01.html

TRACKING THE HOOSIERS - For the fourth time in its history, IU will host
the Big Ten Men's and Women's Outdoor Track and Field Championships in
Bloomington at the Robert C. Haugh Track and Field Complex, E.C. Billy
Hayes Track, May 18-20. The site also played host to the outdoor
conference meet in 1966, 1970 and 1977, as well as the 1997 NCAA Outdoor
Track and Field Championships.

http://www.indiana.edu/~athlweb/graphic/sports/w-track/wtrpress/00-01/wtr05-16-01.html

RESOURCES:

IU ATHLETICS HOMEPAGE - http://www.athletics.indiana.edu/
IUPUI HOMEPAGE - http://www.iupui.edu/
IU SCHOOL OF EDUCATION - http://education.indiana.edu/
IU FOUNDATION - http://iufoundation.iu.edu/

Prepared By:

Office of Communications and Marketing
INDIANA UNIVERSITY
Quality Education. Lifetime Opportunities.

IMPORTANT NOTE: This newsletter contains some long URLs that may not show
up in your e-mail as a complete link. You may need to copy and paste them
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You may unsubscribe from the IU News list at anytime
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LaRence is running up against the deadline for associates to be promoted or
move out.  Here is my concern: LaRence has been worked for a number of people
who ended up leaving the company:  he worked for Dave Ramm at Enron Wind
(Dave left).  He also worked for John Palmisano who also has left the
company.  He ended up in a structuring group working for Brad Richter.  It's
hard to sort out what happened there but perhaps because of LaRence's lack of
interest in the area, which he apparently expressed to Brad, he has not done
much structuring work and Brad is not inclined to promote him or keep him in
the organization.  He has been told that he needs to find something now.

Could you guys look into this?  Perhaps we could either extend his deadline,
or find him something through the redeployment process?
----- Forwarded by Steven J Kean/NA/Enron on 12/08/2000 07:28 AM -----

	Richard Shapiro@ENRON
	12/08/2000 07:10 AM

		 To: LaRence Snowden/Enron Communications@ENRON COMMUNICATIONS
		 cc: James D Steffes/NA/Enron@Enron@ENRON COMMUNICATIONS, Steven J
Kean/NA/Enron@ENRON@ENRON COMMUNICATIONS
		 Subject: Re: Government / Regulatory Affairs Opportunities

I don't really have a need anywhere in my group at the momment- will keep you
advised of any changes.

LaRence Snowden@ENRON COMMUNICATIONS
12/06/2000 04:21 PM
To: Richard Shapiro/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron
cc: Steven J Kean/NA/Enron@ENRON

Subject: Government / Regulatory Affairs Opportunities

Per a conversation with Steve Kean, I am forwarding a copy of my resume for
your review.  Since coming to Enron, I have desired an opportunity in our
Government / Regulatory Affairs area.  While here, I have been involved in
the commercial end of the business; primarily on the international side and
now in EBS.  I would like to discuss possible opportunities with you as soon
as possible.

Thanks for your consideration.

LaRence B. Snowden
Enron Broadband Services - Structuring
(713) 853-5132


just put it in the system.  the league has a waiver process.  you need to have your transactions in by noon thursday

 -----Original Message-----
From: 	Bucalo, Harry
Sent:	Wednesday, October 03, 2001 10:29 AM
To:	Bass, Eric
Subject:	RE: League Dues

Thanks.  I need to pick up a kicker this week.  Bids are due when?   Also, do I need to drop a player in order to pick up a kicker?

Thanks
HB

 -----Original Message-----
From: 	Bass, Eric
Sent:	Wednesday, October 03, 2001 10:28 AM
To:	Bucalo, Harry
Subject:	RE: League Dues

we are on 32

-e

 -----Original Message-----
From: 	Bucalo, Harry
Sent:	Wednesday, October 03, 2001 10:27 AM
To:	Bass, Eric
Subject:	RE: League Dues

Eric:

I have a check with me today.  You are now on 31, correct?

HB

 -----Original Message-----
From: 	Bass, Eric
Sent:	Tuesday, October 02, 2001 11:50 AM
To:	Ames, Chuck; Baumbach, David; Bucalo, Harry; Bucalo, Harry; Hull, Bryan; Jason Bass (E-mail); Lenhart, Matthew; Love, Phillip M.; Mathews, Reagan; Mills, Bruce; Rabon, Chance; Winfree, O'Neal D.
Subject:	League Dues

If you haven't paid your dues by Sunday you will begin to forfeit.  Total dues are $140.


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June 8, 2001
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- 4-26Update.rtf

Deborah Seligman
New Mexico Oil & Gas Association
Santa Fe, NM
PH: 505.982.2568?? FAX: 505.982.1809


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[IMAGE]	[IMAGE] 	[IMAGE]	 [IMAGE]   In the News  May 17, 2001  [IMAGE]  [IMAGE]Sony PC to offer DVD, TV recording  [IMAGE]AOL merger charges hit nearly $1 billion  [IMAGE]New Compaq PCs: More than meets the eye?  [IMAGE]Research In Motion files patent suit  [IMAGE]"Mawanella" worm sends political message  [IMAGE]Transmeta adds Sharp to Japanese allies   [IMAGE]  [IMAGE]   [IMAGE]  [IMAGE]  Special report [IMAGE]  [IMAGE]    Nowhere to hide New technology can use one number to find you on any device: cell phone, pager or personal computer. Read Full Story   [IMAGE]   [IMAGE]   Sony PC to offer DVD, TV recording  Sony Electronics unveiled Thursday a Vaio desktop computer that includes a DVD drive and TV tuner along with built-in recording technology. The Vaio Digital Studio PC features a Giga Pocket Personal Video Recorder and allows consumers to watch TV programs streamed from cable or other analog sources onto the monitor and to record home videos or TV programs onto the hard drive.  May 17, 2001, 8:40 a.m. PT  |  Read Full Story  [IMAGE]  AOL merger charges hit nearly $1 billion  Internet and media powerhouse AOL Time Warner expects to incur nearly $1 billion in restructuring charges tied to the merger that formed the company, according to its annual report filing with the Securities and Exchange Commission. In the filing, AOL Time Warner, which has been operating as a joint entity for the past four months, said it recorded a restructuring liability of approximately $965 million during its first quarter.  May 17, 2001, 5:50 a.m. PT  |  Read Full Story  [IMAGE]  New Compaq PCs: More than meets the eye?  Compaq Computer may soon offer PC buyers a tempting option: two for the price of one. Hoping to corral buyers who can't decide whether to buy a notebook or desktop PC, the Houston-based computer maker is experimenting with a line of business notebooks that transform into desktop PCs. The PC is designed to fold over and create a stand for a 15-inch, flat-panel display with removable wireless keyboard and mouse.  May 17, 2001, 9:05 a.m. PT |  Read Full Story  [IMAGE]  Research In Motion files patent suit  Research In Motion, the maker of the BlackBerry e-mail pager, lashed out at one of its competitors Thursday, saying it violates a U.S. patent recently granted to RIM. Ontario, Canada-based RIM charges in a suit filed Wednesday in U.S. District Court in Delaware that Glenayre Technologies violates a patent protecting the way the BlackBerry redirects e-mail from a computer or server to a handheld using a single e-mail address. Charlotte, N.C.-based Glenayre already has a pending suit of its own against RIM.  May 17, 2001, 8:35 a.m. PT  |  Read Full Story  [IMAGE]  "Mawanella" worm sends political message  Hundreds of companies worldwide have fallen prey to another mass-mailing worm created by the virus toolkit that unleashed the AnnaKournikova worm, antivirus companies said Thursday. Called Mawanella--the name of a Sri Lankan village--the worm carries a Sri Lankan political message, but does no real damage besides clogging networks with e-mail.  May 17, 2001, 11:45 a.m. PT  |  Read Full Story  [IMAGE]  Transmeta adds Sharp to Japanese allies  Sharp will introduce a notebook with a Transmeta processor in Japan next month, the companies announced Thursday. Sharp's Mebius PC-SX1-H1 notebook, set for release June 30, will use Transmeta's 600MHz Crusoe processor. The Sharp announcement rounds out Transmeta's support by major Japanese notebook makers. Transmeta already has deals with NEC, Fujitsu, Sony, Toshiba and Hitachi.  May 17, 2001, 6:30 a.m. PT  |  Read Full Story  [IMAGE] 	 [IMAGE]   [IMAGE] Stay current with CNET's FREE newsletters.  [IMAGE] [IMAGE] Sign up now for news-related newsletters:   News.com Daily Dispatch HTML  Text  Investor Daily Dispatch HTML  Text  Computers.com Weekly HTML  Text  Digital Dispatch Weekly HTML  Text  Web Services Weekly HTML  Text    Click here for a complete list of newsletters  [IMAGE] [IMAGE]  [IMAGE] 	 [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  	[IMAGE]

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Thanks,

I shall attend.

Vince Kaminski

	Tracy L Arthur

	12/20/2000 04:20:35 PM

To: Tracy L Arthur/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Invitation...Welcome New Analyst Reception


Some of you may have seen the article in the WSJ already, but for those of us
in Omaha (who don't typically get the Texas Edition) it was news to us.  Not
only is the article relevant because it apparently caused the stock to dip by
$10, but the article elaborates on concerns that apply to a form of
accounting that some of our commercial people would like to have apply to our
business.  I'm not sure the accounting rules would permit mark to market
treatment for transport or storage contracts, but it may be appropriate for
financial or commodity deals.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 09/25/2000
09:57 AM ---------------------------
ET & S Business Intelligence Department
From: Lorna Brennan on 09/22/2000 09:56 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:
Subject: The Press Behind the Stock Dip?

TEXAS JOURNAL

Energy Traders Cite Gains, But Some Math Is Missing
By Jonathan Weil
Staff Reporter of The Wall Street Journal

09/20/2000
The Wall Street Journal
Texas Journal
T1
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Volatile prices for natural gas and electricity are creating high-voltage
earnings growth at some companies with large energy-trading units. But
investors counting on these gains could be in for a jolt down the road.

Shares of these companies have been on a tear lately. And some of the biggest
players are in Houston, the center of the energy-trading industry. Dynegy
Inc.'s stock is up more than fourfold so far this year at $53.438, and now
trades for 41 times what analysts project the company's 2000 earnings will
be, according to First Call/Thomson Financial. Shares of Enron Corp., the
largest trader of gas and electricity in North America, have nearly doubled
this year to $84.875, or 60 times earnings. Meanwhile, El Paso Energy Corp.'s
stock has jumped 61% this year to $62.375, or 24 times earnings.

Traders at these and other companies are capitalizing on the wild price
swings and supply fluctuations that have accompanied deregulation in some
regional markets. Natural-gas prices have more than doubled in the past year,
while supplies have tightened. And the rapid price fluctuations for
electricity have prompted many large businesses to seek price protection
through hedging or fixed-price contracts, generating large premiums for
traders.

But what many investors may not realize is that much of these companies'
recent profits constitute unrealized, noncash gains. Frequently, these
profits depend on assumptions and estimates about future market factors, the
details of which the companies do not provide, and which time may prove
wrong. And because of minimal disclosure standards in these kinds of cases,
it's difficult for investors to assess whose assumptions might be too
aggressive, or what market changes might invalidate the assumptions -- and
force earnings revisions.

"There could be a quality-of-earnings issue," says Tom Linsmeier, an
associate professor of accounting at Michigan State University, who
co-authored the U.S. Securities and Exchange Commission's rules on
market-risk disclosures for financial instruments. "There certainly might be
great volatility that could cause what now looks like a winning, locked-in
gain to not arise sometime in the future."

The companies reject any suggestion that there may be quality problems with
their earnings.

But at the heart of the situation is an accounting technique that allows
companies to include as current earnings those profits they expect to realize
from energy-related contracts and other derivative instruments in future
periods, sometimes stretching over more than 20 years.

So-called mark-to-market accounting is mandated by accounting-rule makers
when companies have outstanding energy-related contracts on their books at
the end of a quarter, such as agreements to sell electricity or buy natural
gas over a period of time at certain prices. Under those rules, companies
estimate the fair market values of those contracts on their balance sheets
each quarter as assets or liabilities. Changes in the value of a contract
from quarter to quarter then are either added to or subtracted from net
earnings.

If, for instance, the market price for natural gas rises above the price
specified in a company's contract to buy gas, generally the company will
record an unrealized gain. That gain is recognized as income and recorded as
an asset on the company's balance sheet. At the end of each quarter, the
contract is revalued. The value of the previously recorded asset is
increased, and any increase in unrealized gain is recorded as additional
income. Conversely, if the market value for gas falls, and the value of the
contract has declined, any change in the contract's value is recorded on the
company's balance sheet, and a loss is recorded on its income statement. e

Yet in their financial reports, the companies only vaguely describe the
methods they use to come up with fair-value estimates on the contracts.
Increasingly, quoted market prices offering independent guidance are becoming
readily available for several years into the future. However, with some
long-term derivative instruments, particularly electricity contracts, future
market prices don't extend far enough to cover the full life of those
contracts. And in those cases, companies are allowed to base valuations on
their own undisclosed estimates, assumptions and pricing models.

"Ultimately they're telling you what they think the answer is, but they're
not telling you how they got to that answer," says Stephen Campbell, an
analyst at Business Valuation Services in Dallas. "That is essentially saying
`trust me.'"

Accounting-rule makers at the Financial Accounting Standards Board have
debated the subject of how to value energy-related contracts extensively in
recent months. "Two companies in similar circumstances might apply different
methods to estimate the fair value of their energy-related contracts and may
arrive at widely different values," an FASB task force studying the issue
wrote in a June report. "Those differences lead to the question of whether
some of the methods in practice yield estimated amounts that are not
representative of fair value."

Despite this concern, FASB isn't inclined to offer any explicit guidance for
how such contracts should be valued. "There are just too many models and too
many different types of instruments for us to have a one-size-fits-all type
of model," explains Timothy Lucas, FASB's director of research in Norwalk,
Conn.

One way to determine the size of a company's unrealized gains is to compare
the change in the values of net assets from risk-management activities from
quarter to quarter. Some companies also disclose how much they're adjusting
their cash-flow statements to reflect unrealized gains that have been booked
as earnings. That's how one can determine the size of the unrealized gains at
Dynegy and Enron, for example, the two companies confirm.

A reporter's examination of Dynegy's financial filings shows the company's
earnings are highly dependent on unrealized gains from risk-management
activities. For its most recent quarter, ended June 30, Dynegy reported
earnings of 38 cents a diluted share -- 71% of which came from unrealized
gains, the company confirms. (The company's per-share earnings would have
been 20 cents higher if not for a one-time stock dividend.) For all of 1999,
Dynegy recorded $115 million in unrealized gains, accounting for 51% of its
earnings.

Enron confirms it booked $747 million in unrealized gains from
risk-management activities during the second quarter, more than the company's
total $609 million in earnings before interest and taxes. Absent unrealized
gains, the company would have reported a quarterly loss. For the quarter, the
company reported earnings of 34 cents a diluted share, up 26% from a year
earlier.

But not all companies disclose enough information for investors to calculate
how large their unrealized gains are. El Paso says that's the case with its
own quarterly reports, which disclose short-term assets and liabilities from
risk-management activities -- but not long-term risk-management assets and
liabilities.

For the second quarter, El Paso reported that its energy marketing and
trading unit earned $152 million before interest and taxes, 24 times what it
earned a year earlier. In an interview, El Paso's chief financial officer,
Brent Austin, says unrealized gains represented about a third of that total.
He says most of the cash from those gains will materialize within a year.

In its financial reports, Dynegy highlights the uncertainties with some
contract valuations. It explains that with some long-term contracts for which
market-price quotes aren't available, "the lack of long-term pricing
liquidity requires the use of mathematical models to value these commitments
. . . [using] historical market data to forecast future elongated pricing
curves." Dynegy cautions that actual cash returns may "vary, either
positively or negatively, from the results estimated."

But like Enron, El Paso and others, Dynegy provides scant details about its
mathematical models -- such as the assumptions they use for market volatility
and long-term price forecasts for natural gas and electricity. Nor is the
company required to disclose more.

"The disclosure mentions risks," says John Cassidy, an analyst who tracks
Dynegy for Moody's Investors Service in New York. "But I don't know that the
disclosure offers enough detail for you to be able to quantify how much risk
there is."

El Paso's filings warn that "because the valuation of these financial
instruments can involve estimates, changes in the assumptions underlying
these estimates can occur, changing our valuation and potentially resulting
in financial losses." Enron cautions that the values it assigns to various
transactions are based on "management's best estimate."

The companies are required to disclose what they think their maximum
potential single-day risk-management losses might be, figures that also are
based on various undisclosed market assumptions. But energy traders cite
competitive reasons for not disclosing more.

"You don't necessarily want to tip off everyone to what you're doing," says
John Harrison, chief financial officer for El Paso's merchant-energy unit.

Echoing remarks by executives at other energy traders, Enron's executive vice
president and chief accounting officer, Richard Causey, says Enron runs a
relatively balanced portfolio and that the estimates factored into his
company's valuations are conservative. In large part, he says, those
estimates are based on quoted market prices where available. Where they're
not available, Mr. Causey says Enron bases its estimates in part on long-term
pricing trends, as well as the company's own trading experience, which dates
to 1990.

Further, Mr. Causey says, Enron's unrealized gains don't depend heavily on
gains from long-term contracts that extend beyond the periods for which
market quotes are available, reducing the potential for significant earnings
revisions. The average length of Enron's risk-management contracts is just
two years, he says. To be sure, though, some of Enron's electricity contracts
extend for 25 years.

"We're getting the cash in quicker than you might think," Mr. Causey says.
"They don't stay unrealized very long."

El Paso says its contracts have an average life of six years, with some
running as long as 20 years. Dynegy says the longest risk-management
contracts for which it uses mark-to-market accounting are 10 years, though it
doesn't disclose an average length. Dynegy's chief financial officer, Robert
Doty, says 96% of the company's gas contracts close out by 2002, while 75% of
its power contracts expire by 2003. "The cash will come in," he says.

As for why the company doesn't disclose the extent of any bias, bullish or
bearish, it has in the market, Dynegy executives say that information, like
the estimates behind its mathematical models, is proprietary. Such
disclosures may be outdated anyway by the time they could be included in
public financial filings, says Michael Mott, a Dynegy vice president. Mr.
Mott further explains that Dynegy could be realizing more cash earnings now
if it wanted to. But "we don't see that would be in the best interests of
shareholders," Mr. Mott says, because the company figures it can earn more
later by leaving much of its gains unrealized for now.

Mr. Linsmeier of Michigan State compares the current situation for energy
traders with the accounting controversies that engulfed subprime automobile
and residential lenders during the late 1990s, though he emphasizes it's too
far early to tell whether the consequences will be similar. Using so-called
gain-on-sale accounting (a form of mark-to-market accounting), those lenders
booked earnings from loans as soon as they were made, rather than having to
wait for them to be paid off, as banks typically do.

But as interest rates fell in 1998, many customers paid off their loans
earlier than expected, slashing lenders' profit margins. Compounding matters,
the market for mortgage-backed securities dried up in the wake of financial
chaos in Russia and other foreign markets, leaving lenders to bear the higher
risks of many new loans.

Many investors complained they were blindsided, in part because these lenders
generally hadn't disclosed their assumptions about prepayment rates and other
variables. After the crash, subprime lenders routinely began disclosing the
key assumptions used to value their mortgage portfolios.

At New York University, accounting professor Baruch Lev says investors would
be better served if energy traders' financial filings explained the effects
of hypothetical commodity-price movements on the values of their
risk-management assets, and disclosed the basic assumptions about future
commodity-price movements ingrained in their mathematical models. Says Mr.
Lev, "I would like to see much more disclosure, particularly given that this
is now becoming a significant component of their earnings."

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Brian:

This insurance is purchased on a portfolio basis with payment to underwriters at inception of the coverage. Values are adjusted annually at renewal. The premiums are allocated to the participating entities as part of the budget process and insignificant additions and deletions of assets do not normally result in premiums additions or refunds.  In the event that we discontinue premiums to North America for HLP, we have no mechanism to allocate that premium to the other assets that continue to be insured. In the event of a significant divestiture, underwriters may consider a refund, however, the values discussed below would not likely be significant when compared to Enron's values as a whole. Additionally, Enron's adverse loss experience affects the underwriters ability to return premium for small divestitures.

At renewal, 4/01/02, North America's revised property values will be declared to underwriters as part of Enron's overall values and your premium allocation will adjust depending upon your values and loss experience as compared to the rest of Enron.

Regards,

Paul

 -----Original Message-----
From: 	Redmond, Brian
Sent:	Monday, October 08, 2001 5:31 PM
To:	Coffey Jr., Jim; Clayton, Paul; Azore, Jacquelyn
Cc:	Whiting, Greg; Gruesen, Karen; Helton, Susan; Koehler, Anne C.; Kitchen, Louise
Subject:	RE: Replacement Cost Values

Paul:

Please confirm that ENA will not bear any insurance costs for the HPL assets for the second half of 2001 and the balance of years going forward?  If this is not the case, then we need to meet and discuss why this is not the case.

Thanks,
Brian

 -----Original Message-----
From: 	Coffey Jr., Jim
Sent:	Monday, October 08, 2001 5:25 PM
To:	Clayton, Paul; Azore, Jacquelyn
Cc:	Redmond, Brian; Whiting, Greg; Gruesen, Karen; Helton, Susan; Koehler, Anne C.
Subject:	RE: Replacement Cost Values

Paul
In additon to the 188,371,296 property value for Bammel Lease that you mentioned below there was also a value on your spreadsheet for Bammel Gas Storage of 267,000,000.  Requirements to insure both of these amounts should be with AEP not Enron and thus the 2002 Plan Premium Allocations of $754,096 on the Bammel Gas Storage 267,000,000 value and $924,433 on the Bammel Lease value of 188,371,296 should not be needed.

Jackie
Please remove these amounts from the ENA-HPL 2002 Plan.

 -----Original Message-----
From: 	Clayton, Paul
Sent:	Monday, October 08, 2001 5:10 PM
To:	Coffey Jr., Jim
Subject:	RE: Replacement Cost Values

Jim:
As discussed for the purposes of the 2002 Insurance Budget, we will delete the Bammel Lease (1409) property values of $188,371,296. We will advise the insurers effective this past June to delete these assets and will attempt to receive a refund. However, as respects asset divestitures, insurers have not been inclined in the past to refund premiums for comparatively small divestitures in view of our adverse loss experience. However, if we are successful in receiving a credit, we will refund the premium.

I will discuss with Karen and Brian the other remaining assets.

Regards,

 -----Original Message-----
From: 	Clayton, Paul
Sent:	Monday, October 08, 2001 2:13 PM
To:	Coffey Jr., Jim
Subject:	Replacement Cost Values

Jim:
Please update accordingly.
Thanks,

 << File: ENAREPLACEMENT COSTS 2001.xls >>


The UK has a new energy minister, Peter Hain.  As you will see from the
Electricity Association (UK)'s brief below, he should be regarded as much
greener, more interventionist, and populist than his predecessor, Helen
Liddell.  Ralph Hodge, David Lewis, and I met with Peter Hain, when he was
involved in Welsh development issues, to discuss our power project at Rassau
in Wales, and found him very supportive of the UK government's stricter
consents policy regarding gas-fired power generation, and not at all
favourably disposed to projects of the size being proposed for Rassau, i.e.,
1200 MW (he asked why we could not make it much smaller).  Helen Liddell was
scheduled to go to Washington DC in early February, and Hain may now be her
replacement, in which case some of our US-based enron colleagues will have an
opportunity to meet him.  let me know if you need more.   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 25/01/2001
10:24 ---------------------------

"Neil Williams" <Neil_Williams@electricity.org.uk> on 25/01/2001 10:12:44
To: <Angela.lawrence@24sevenNet.com>, <chris.anastasi@british-energy.com>,
<jill.kent@british-energy.com>, <linda.smith@british-energy.com>,
<peter.haslam@british-energy.com>, <peter.inglis@british-energy.com>,
<robert.armour@british-energy.com>, <dburnell@csw.com>, "Alison Heath"
<Alison_Heath@electricity.org.uk>, "Christine Milburn"
<Cristine_Milburn@electricity.org.uk>, "David Porter"
<David_Porter@electricity.org.uk>, "Derek Baggs"
<Derek_Baggs@electricity.org.uk>, "Gwyn Dolben"
<Gwyn_Dolben@electricity.org.uk>, "Hazel Abbott"
<Hazel_Abbott@electricity.org.uk>, "Jenny White"
<Jenny_White@electricity.org.uk>, "John Cotterell"
<John_Cotterell@electricity.org.uk>, "Jo DeBank"
<Jo_deBank@electricity.org.uk>, "Kathryn Morris"
<Kathryn_Morris@electricity.org.uk>, "Les Waters"
<Les_Waters@electricity.org.uk>, "Maggie Deighton"
<Maggie_Deighton@electricity.org.uk>, "Mira Lobo"
<Mira_Lobo@electricity.org.uk>, "Neil Williams"
<Neil_Williams@electricity.org.uk>, <David.Lewis@enron.com>,
<Herman.Busschots@enron.com>, <mschroeder@enron.com>, <Nblanck@enron.com>,
<Paul.Dawson@enron.com>, <Tani.nath@enron.com>, <mwedg90@entergy.com>,
<caroline.ling@gpupower.co.uk>, <alison.cole@innogy.com>,
<paul_taylor@londonelec.co.uk>, <Sarah_Threlfall@londonelec.co.uk>,
<pjhheffer2@magnox.co.uk>, <sharron.a.pearson@magnox.co.uk>,
<susan.w.smith@magnox.co.uk>, <gaynor.kenyon@manweb.co.uk>,
<jon.bird@northern-electric.co.uk>, <david.thompson@npower.com>,
<geraldine.dunne@npower.com>, <brian.seabourne@pgen.com>,
<chris.norton@pgen.com>, <Josh.Peck@pgen.com>,
<bob.major@scottish-southern.co.uk>,
<carolyn.mcadam@scottish-southern.co.uk>, <jamie.maxton@scottishpower.com>,
<dominic.fry@scottishpower.plc.uk>, <Mike.Watson@scottishpower.plc.uk>,
<helen_whittall@sweb.co.uk>, <jennifer.hands@txu-europe.com>,
<Rachael.Reid@txu-europe.com>, <judith.ward@uk.ngrid.com>,
<james.sheward@uuplc.co.uk>, <john.george@uuplc.co.uk>,
<nick.taylor@uuplc.co.uk>, <bwestlake@westernpower.co.uk>,
<sbullock@westernpower.co.uk>, <sscott@westernpower.co.uk>,
<Michelle.Lewis@yeg.co.uk>
cc:

Subject: Peter Hain

see profile attached

Neil Williams
Public Affairs
Tel 020 7963 5828
Fax 020 7963 5967
Mob 07778 341 492
neil_williams@electricity.org.uk

*****************************************************************
This e-mail is confidential. It is intended only for the person named.
Unless you are that person, or authorised to receive this e-mail, you
must not copy or use it or disclose it to anyone else.  If you have
received this e-mail in error, please contact the sender.  Thank you
for your cooperation.
Electricity Association Services Limited, 30 Millbank, London  SW1P 4RD
(Reg. in England No: 2366837).
*****************************************************************
 - Peter Hain profile.doc


Greg

Thanks for the presentation. We will let you know the acceptance rate.

Neil


- LatestDeal.doc


Looks like a permanent cancellation to me - at least for now!  We can work
with Wes on the best ways to stay abreast of developing deals that impact
Enron Americas.
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/21/2001 01:35 PM
---------------------------

	Enron North America Corp.

	From:  Michele Beffer @ ENRON                           02/21/2001 01:12 PM

To: Roger Ondreko/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Stanley
Farmer/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, David
Leboe/HOU/ECT@ECT, Drew Kanellopoulos/NA/Enron@Enron, Stephen H
Douglas/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Hope Vargas/HOU/ECT, Rodney
Faldyn/Corp/Enron@Enron, Faith Killen/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT, Susan Helton/HOU/ECT@ECT, Joseph Deffner/HOU/ECT, Gail
Tholen/HOU/ECT@ECT, Thomas Myers/HOU/ECT, Jim Coffey/HOU/ECT@ECT, Mark
Lian/Corp/Enron@ENRON, Tammy R Shepperd/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
cc: Alisha Guerrero/HOU/ECT@ECT, Grace Taylor/Corp/Enron@ENRON, Patti
Thompson/HOU/ECT@ECT, Paula Forsyth/Corp/Enron@ENRON, Shelley
Grover/Corp/Enron@Enron, Megan Angelos/NA/Enron, Renee Ingram/HOU/ECT@ECT,
Cindy Stokes/ENRON@enronXgate, Nicole Mendez/HOU/ECT, Lisa
Lunz/Corp/Enron@ENRON, Kelly Ellis/Corp/Enron@Enron
Subject: Wes' Hot List Meeting

Please note that Wes Colwell's Bi-weekly Hot List meeting has been cancelled,
please remove these meetings from your calendar.  If you have any questions,
please feel free to call myself or Michele Beffer at ext. 57681.  FYI, the
next meeting was scheduled for 2/22 at 1:30pm.


Norma,

It seems that there is a bug in the system. I made an error  mixing equity and
merit raises in one column. The system does not allow me to correct the
mistake by
moving the entries from one column to another. I can enter the changes, but
after I save them the system  reverts to original  designations.

As a result, the columns contain mixed entries related to merit and equity
raises.
The column totals are misleading.

I am taking a CSV version home to continue making adjustments.
I shall work at home Monday (281 367 5377).

Vince


Best Buy Names Retail Operations Vice President

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View complete article at: http://news.stockselector.com/newsarticle.asp?symbol=BBY&article=51032491

BEST BUY CO INC  53.890

MINNEAPOLIS, May 31, 2001 (BUSINESS WIRE) -- Best Buy Co., Inc., (NYSE:BBY) the
nation's largest consumer electronics retailer, today announced that Ray Aboyan
has been promoted to Vice President of Retail Operations. In his new position,
Aboyan will be responsible for the budget and management o

Other Companies Involved:
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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/scheduling/01-28-02_Gen_Interconnection_Draft.doc

For questions or comments, please contact your Transmission Account Executive.


Here are my comments:


Attached are the Transaction Confirmations for Nicor Enerchange.

Stacy