October 29, 2001

STOCKFIRST Newsletter
Investment Strategies For The Smart Investor

http://www.stockfirst.com

USA - "United We Stand"
________________________________________________

One Minute Market Snapshot

The Week in Review

Monday - The major averages closed higher Monday as
investors shrugged off the latest anthrax scare and bid up
tech stocks and blue- chips alike. The Dow Jones Industrial
Average gained 173 points, or 1.9%, to 9377. The Nasdaq
was up 37 points, or 2.2%, to 1708, and the S&P 500 was
up about 16 points, or 1.5%, to 1090. The Philadelphia
Stock Exchange semiconductor index ended up 4.9%.

Tuesday - The major averages closed lower Tuesday, but off
their worst levels of the session, as the latest anthrax news
compounded an already grim earnings outlook. The Dow
Jones Industrial Average lost 37 points, or 0.4%, to 9340.
The Nasdaq dropped 4 points, or 0.2%, to 1704, and the
S&P 500 was off about 5 points, or 0.5%, to 1085.
Telecommunications equipment maker Lucent (LU:NYSE)
reported a third-quarter loss of $909 million, or 27 cents a
share, wider than the consensus loss estimate of 23 cents a
share. The company also took a restructuring charge totaling
$8 billion.

Wednesday - Blue-chips closed slightly higher Wednesday,
and tech stocks climbed as strength in the semiconductor
sector helped the Nasdaq move higher. The Dow Jones
Industrial Average tacked on 5.54 points to 9345.62. The
Nasdaq rose 27.10 points, or 1.6%, to 1731.54, and the
S&P 500 was barely changed at 1085.20. The
semiconductor stocks benefited from the chip equipment
book-to- bill ratio, which came in slightly higher in
September than the previous month. Intel (INTC:Nasdaq)
and LSI Logic (LSI:NYSE) ended with gains, while the
Philadelphia Stock Exchange Semiconductor Index finished
up 4%. Chip stocks are off to the races again in what has
become the customary reaction to practically any news in the
sector whatsoever.

Thursday - Stocks closed higher Thursday, after trading
lower for much of the session, overcoming weak economic
data, pessimistic profit reports and more anthrax news. The
ride began when the Commerce Department reported its
durable goods numbers for September, showing orders for
big-ticket items tumbled to their lowest level in more than
five years. The orders fell far more sharply than expected,
fueled by a drop in aircraft orders since Sept. 11. On the
housing front, September's existing home sales fell 11.7% in
September to $4.89 billion, vs. a consensus estimate of
$5.20 billion. Separately, the newly unemployed grew in
ranks with the latest jobless claims number rising by 8,000 to
504,000 last week. The Dow Jones Industrial Average
gained 117.28 points, or 1.3%, to 9462.90. The Nasdaq
rose 43.90 points, or 2.5%, to 1775.44, and the S&P 500
was up 14.89 points, or 1.4%, to 1100.09.

Friday - Blue-chips closed higher Friday as investors
shrugged off a series of less-than-stellar earnings reports and
lukewarm economic data, but tech stocks inched lower. The
Dow Jones Industrial Average gained 82.27 points, or 0.9%,
to 9545.17. The Nasdaq was down 6.49, or 0.4%, to
1768.98, and the S&P 500 was up 4.52 points, or 0.4%, to
1104.61. This morning, the University of Michigan released
its final consumer sentiment report for October, with the
index rising to 82.7 from 81.8 the previous month.

Major Stock Market Indices & Trends
_______________________________________________
Index:           DJIA       SP500    NASDAQ    RUT

Close on
10/26          9204.11   1073.48    1671.31     425.7

1 Week       9545.17   1104.61    1768.96     438.65
Before
% Change      3.7           2.9            5.8            3.0

3 Months   10455.63   1202.93   2022.96     485.07
Before
% Change    -8.7         -8.2         -12.6         -9.6

1 Year       10380.12   1364.44   3272.18     479.76
Before
% Change     -8.0        -19.0        -45.9         -8.6

_______________________________________________
o DJIA (Dow Jones Industrial Average) -  A widely used
index that tracks 30 blue-chip companies traded primarily
on the NYSE.
o SP500 (S&P 500) -  A popular index of 500 major
companies:  400 industrial, 20 transportation, 40 utilities,
and 40 financial.
o NASDAQ (NASDAQ Composite)-  An index tracking
stocks traded by the National Association of Securities
Dealers (NASD).
o RUT (Russell 2000) -  An index that tracks 2000 U.S.
small-cap firms;  a well-regarded measure of  small-cap
stock performance.
________________________________________________

Looking Forward

With third-quarter earnings season slowing dramatically this
week, economic data will be the focus, and encouraging
signs will likely be hard to find. The gross domestic product
data due out Wednesday is expected to show a 0.9% decline
for the third quarter, according to consensus estimates.

The October purchasing manager's index will be released
Thursday and the employment report that comes out Friday
should provide a more reliable look at how the economy is
reacting to Sept. 11. These reports, the first major pieces of
October data, should be less skewed by the immediate
impact of the terrorist attacks, but they may not be pleasant.

Economists are expecting activity in the manufacturing
sector to decline for the 15th consecutive month in
September. Consensus forecasts put the October PMI at
44.6 vs. 47.0 in September and 47.9 in August. Nonfarm
payrolls are seen declining by 262,000 vs. 199,000 in
September, while unemployment is expected to surge to
5.2% from 4.9%.

For a technical look at the markets for the week, please go to
the market forecast section on the
www.buysellorhold.com/index.cfm homepage for their
technical outlook.

What follows is a capsule summary of some of the more
important Wall Street, economic, and political events that
are likely to impact stock markets this week. For a list of
upcoming earnings reports we recommend you go to
www.zacks.com/earnings/.

Calendar Highlights for the Week of  10/29/01  -  11/2/01

Monday
October 29 -
* Treasury Budget for Sep.

Tuesday
October 30 -
* Consumer Confidence for Oct.

Wednesday
October 31 -
* GDP-Adv. for Q3
* Chain Deflator-Adv. for Q3
* Chicago PMI for Oct.

Thursday
November 1 -
* Auto Sales for Oct.
* Truck Sales for Oct.
* Personal Income for Sep.
* PCE for Sep.
* Initial Claims for 10/27
* Construction Spending for Sep.
* NAPM Index for Oct.

Friday
November 2 -
* Average Workweek for Oct.
* Nonfarm Payrolls for Oct.
* Unemployment Rate for Oct.
* Hourly Earnings for Oct.
* Factory Orders for Sep.

Recognizing that you are very busy, our hope is to provide
you with a useful, easy to read column that you can enjoy
and digest in just a minute or two - hence the name One
Minute Market Snapshot. Your comments and suggestions
are greatly appreciated. Please send all comments to
Snapshot@stockfirst.com.

________________________________________________

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The Smart Investor
"An educated investor is a smart investor"

Can You Spell CANSLIM? (part 2)

The cup or cup-with-handle formation is a chart pattern that
identifies stocks preparing for a breakout to new highs or the
start of a new uptrend.  This pattern in history has shown to
be the most popular in preceding a big move up in a stock's
price.  This was popularized by William O'Neil (Founder of
Investor's Business Daily Newspaper) and his CANSLIM
method of stock picking outlined in his book, "How to Make
Money in Stocks".

The CANSLIM approach to investing combines technical
and fundamental analysis to identify promising stocks in
leading industries. According to the system, only those
stocks meeting a set of quantifiable criteria are candidates for
purchase. In addition, a stock must exhibit one of three or
four different chart patterns that summarize less quantifiable
aspects of the system.

The C-A-N-S-L-I-M characteristics are often present prior
to a stock making a significant rise in price, and making huge
profits for the shareholders!

O'Neil explains how he conducted an intensive study of 500
of the biggest winners in the stock market from 1953 to
1990. A model of each of these companies was built and
studied. Again and again, it was noticed that almost all of the
biggest stock market winners had very similar characteristics
just before they began their big moves.

This week will look at the last four components of
CANSLIM; S, L, I, and M.

S = Supply/Demand: Small Cap + Volume

Supply and demand dictates the price of almost everything
in your life. The law of supply and demand is more
important than all the analyst opinions on Wall Street. The
price of a stock with 400 million shares is hard to budge up
because of the large supply of stock available. Yet, if a
company has only 2 or 3 million shares outstanding, a
reasonable amount of buying can push the price up rapidly
because of the small available supply. If you are choosing
between two stocks to buy, one with 60 million shares
outstanding and one with 10 million shares, with all other
factors equal, the smaller one will usually be the bigger
mover. Stocks that have a large percentage owned by top
management are generally better prospects. Again
referencing O'Neil's 38 year study, more than 95% of the
companies had less than 25 million shares outstanding when
they had their greatest period of earnings improvement and
stock price performance.

Foolish stock splits can hurt a stock's performance. Watch
out for companies that split their stock 2 or 3 times in just a
year or two. The splitting creates a larger supply and may
make a company's stock performance more lethargic, like
many "big cap" companies. Large holders who thinking of
selling are often inclined to sell their 100,000 share positions
before a 3-for-1 split would have them looking to sell
300,000. Smart short sellers (an infinitesimal group) pick on
stocks beginning to falter after enormous price runups and
splits, realizing that the potential number of shares for sale
(particularly by funds) has dramatically been increased.

L = Leader or Laggard?

Which is your stock? People often buy stocks they're
comfortable and familiar with, like an old pair of shoes.
Usually these are lagging slowpokes rather than leaping
leaders. It is really important to look at how your stock is
performing in relation to the overall market. The 500 best
performing stocks from 1953 to 1990 averaged a relative
price strength of 87 (scale of 1-99) just before they began
their major advances in price. Avoid laggard stocks and look
for genuine leaders.

I = Institutional Sponsorship = Institutional Sponsorship

It takes big demand to move a stock significantly higher in
price. Institutional buyers are the most powerful source. You
don't need a large number of institutional owners, but should
have at least a few. No institutional sponsorship in a stock is
a bad sign because odds are that many institutional investors
looked at the stock and passed it over. The things we are
looking for with C-A-N-S-L-I-M are really signs that the
bigger money (mutual funds, banks, insurance companies,
pension funds, etc.) is coming into the stock. See that there
is a better-than-average performance record by at least a few
of the institutional owners.

Another good thing about some institutional sponsorship is
that it provides buying support for the stock. Beware of
stocks that become "over owned". By the time performance
is so obvious that almost all institutions own it, it is probably
too late. Pay attention to whether the number of institutional
owners is increasing or decreasing.

M = Market Direction = Market Direction

You can be right on everything else, but if you are wrong
about the direction of the broad market you are still likely to
lose money. The best way to analyze the overall market is to
follow and understand every day what the general averages
are doing. They are difficult to recognize, but meaningful
changes in the behavior of the market averages at important
turning points is the best indicator of the condition of the
whole market.

What signs should you look for to detect a market top? On
one of the days in the uptrend, the total volume for the
market will increase over the preceding day's high volume,
but the Dow's closing average will show stalling action, or
substantially less upward movement, than on prior days.

The spread between the daily high and low of the market
index will likely be a bit larger than on the earlier days.
Normal market liquidation near the market peak will only
occur on one or two days, which are part of the uptrend.
The market comes under distribution while it is advancing!
This is one of the reasons so few people know how to
recognize distribution (selling).

Immediately following the first selling near the top, a
vacuum exists where volume may subside and the market
averages will sell off for four days or so. The second, and
probably the last early chance to recognize a top reversal is
when the market attempts it's first rally, which it will always
do after a number of days down from it's highest point. If
this first attempt to bounce back follows through on the
third, fourth, or fifth rally day either on decreased volume
from the day before, or if the market average recovers less
than half of the initial drop from it's former peak to the low,
the comeback is feeble and sputtering when it should be
getting strong. Frequently the first attempt at a rally during
the beginning of a downtrend will fail abruptly. Possibly
after a one-day resurgence, the second day will open up
strong, only to sell off toward the end of the day and
suddenly close down

After an advance in stocks for a couple of years, the
majority of the original price leaders will top, and you can be
fairly sure the overall market is going to get into trouble. It is
very important to pay attention to the way the leading stocks
are acting.

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

RECOMMENDED LINKS

* Zacks -
www.freeforum.com/cgi-bin/micro.cgi?offer=ZACKS-001&
&code=BSH-

* Self Starters -
www.freeforum.com/cgi-bin/micro.cgi?offer=DEANGE-00
1&&code=BSH-

* Red Herring -
www.freeforum.com/cgi-bin/micro.cgi?offer=REDHER-002
&&code=BSH-

* Selling Power -
www.b2bfreenet.com/cgi-bin/micro.cgi?offer=SLLNGP-00
1&&code=BSH-

* Stock Market Institute of Learning -
www.b2bfreenet.com/scripts/b2boffer.php?OFFER=WADE
CO-007&&code=BSH

* The Bowser Report -
www.freeforum.com/scripts/fofoffer.php?OFFER=THEBO
W-003&&code=BSH-

* Concord Trading -
www.b2bfreenet.com/scripts/b2boffer.php?OFFER=LHME
DI-026&&code=BSH-

* Barkey Financial -
www.b2bfreenet.com/scripts/b2boffer.php?offer=PTPASS-
004&&code=BSH-

* Investment Club of America -
http://www.b2bfreenet.com/scripts/b2boffer.php?OFFER=P
SSTAD-001&&code=BSH-

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

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---------------------- Forwarded by Chris Germany/HOU/ECT on 11/02/2000 11:48
AM ---------------------------

Chris Germany
11/02/2000 10:54 AM
To: Jared Kaiser/HOU/ECT@ECT
cc:
Subject: Voter stuff

---------------------- Forwarded by Chris Germany/HOU/ECT on 11/02/2000 10:54
AM ---------------------------

Chris Germany
11/02/2000 10:54 AM
To: Scott Hendrickson/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Kimberly S
Olinger/HOU/ECT@ECT
cc:
Subject: Voter stuff

http://www.tax.co.harris.tx.us/


Please note slight changes in volumes at SP-15 on 2/5 and 2/22. Cuts were
made to generation on these days, and deals were changed in EnPower, but this
spreadsheet was not updated. Sorry for the delay....

Kate


Just a reminder that I go on Tuesday, Jan. 16, and hopefully, return on Jan.
16.  SS

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Attached is the preliminary notification report for September.   Changes will
be made to the Global Counterparty System as follows:

Name Changes - Overlays not previously done will be made on Tuesday,
September 19.

ERMS Shortname changes will be made on September 20.

Mergers/other business changes - Records will be inactivated on 10/01.


Please find the following Action Items for the Tech Services team stemming from today's DASH review meeting with L. Kitchen.   Bob V. can you take point on this with  D. Williams.   Mike Coleman attended the meeting in Dan's absence and can provide feedback on some of the technical discussion.

1.	Please develop a project schedule showing the inter-relationship between permitting, engineering, procurement, fabrication, construction and start-up activities.  Key issues include:
	a)	ability to get equipment ordered and delivered given vendor availability
	b)	inter-play between equipment purchasing and off balance sheet financing requirements.
	c)	delay in construction caused by a delay in the air permit
	d)	securing a construction permit - given that site remediation has not been signed off on by the state/city
	e)	construction activities in the winter
	f)	other permits required

2.	Provide a review of the O&M budget and long term performance factors to ensure we are comfortable with cost and plant performance used in the pro forma.

3.	Provide an assessment of the cost/ability to put in place an EPC contract to meet the pro forma assumptions (labor rates in NYC, unions, RAC requirements, etc).

As we have discussed, we need to be proactive in the DASH process and conduct a technical review meeting before the DASH is written and circulated.   This will ensure that we have identified and have addressed/modeled/mitigated/reserved for technical issues before the DASH is submitted to EWS management for signature.  Our Thursday meetings are a perfect platform for getting these issues out on the table.   This did not occur in the case of Brooklyn Navy Yard, and we were left scrambling trying to answer technical questions in respect of the DASH.  Much of the analysis was done, however, we need to present a clear review of technical risks and mitigation impacts of the project.  Failing to do so puts the project at risk and creates doubt that Tech Services has a firm grasp of the Technical Risk in ENA.  If there are issues getting access to information or you are being left out of the technical analysis in compiling the DASH please let me help.

Regards,
Brian


Ladies ---

Just checking the status of this company's application for EOL.

Thanks,
Griff


CALENDAR ENTRY:	APPOINTMENT

Description:
	Team Leader Mtg. Conference room EB4102

Date:		3/20/2001
Time:		2:30 PM - 3:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


With respect to Part 2, Tax Reps and Part 5(l) deletion, the Enron Corp. tax
group is fine with the changes (although these are not necessary).  Also,
Enron will deliver forms as Barclays wishes.  Let me know if you have any
questions. Sara


Attached are summaries of seven SDG&E advice letters.? None are  protest
material, although the ones dealing with modifications  to the Optional
Binding Mandatory Curtailment plan may be of interest if you  have SDG&E
customers who may participate in the plan.
?
Have  a good weekend!
?
Dan

Law  Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.? Suite  244
Woodland Hills, CA 91367
Tel:?? (818) 596-2201
Fax:?  (818) 346-6502
douglass@energyattorney.com
 - 7-13-01 SDG&E AL Summary Chart.doc


Carlos,

Do you have the penultimate position for the Canadian book ?

Dutch


Sorry guys, but you will not be migrated until Tuesday, May 1st after
hours.   The reason being they want the pilot runners (Steve South & Susan
Scott) on their machines a few more days before they migrate everyone else
over.  The migration team wants to make sure there will not be any problems
with everyone's applications.

-Ina


Please find attached the EEOS / NEPCO weekly project update for week ending
May 18, 2001.

If you have any questions, you can call me at (713) 646-6106.

Mark


Sorry if I'm a little late in the day.  I feel into marathon meeting mode
today.

Here are my observations of the GE contract.  I tried to confine it to
significant issues since it appears to me that the negotiations are far along.

General Terms and Conditions
I don't see where the buyer has much financial leverage for
performance/warranty issues.  Final payment is made at shipment, with the
Buyer having the benefit of a 10% retention bond; however, the retention bond
expires at Provisional Acceptance.  There is no financial leverage for Final
Acceptance or the warranty period.  Also, usually provisional or final
acceptance requires that GE provide the operating manuals.

The assignment language (8) is somewhat narrow.  I don't know the deal, so I
don't know how it fits. It can help to have language which allows for free
assignment after provisional acceptance or payment in full, whichever occurs
first.  Also, the contract can allow for a substitute guaranty as payment
security, in lieu of the buyer guaranty.  Again, I don't know the deal so
this may be fine as is.

The contract incorporates GE's proposal as a  part of the contract, but does
not give an order of precedence.  I haven't seen the proposal or any other
technical exhibits, but sometimes these can be very self-serving.  Therefore,
you can potentially lose ground with what is in the exhibit.

Warranty.  The language is a bit confusing to me, especially the interplay of
the 1st and 2nd paragraph.  Also, the "outs" they have are very broad.  It is
better if there outs are limited to installation/operation/maintenance not in
accoredance with their written instructions (alternatively, industry
practice).  Also, they have an out if repairs are performed without their
permission, but there's no time line or urgency for their response to a
warranty claim.  A statement that they must provide a service engineer within
3 days or so might help.  I also suggest being clear that 1.2 applies to
warranty obligations, but their obligation to respond quickly to warranty
problems need to be explicit.

Excusable Delay. (15) I would delete "indirectly" from the 3rd line.

Provisional Acceptance. I don't understand the phrase "only to the extent and
proportional share".  Does this mean that GE may not be liable for the full
LD's, or that the buyer has to prove  a right to collect LD's?

Litigation. The dispute resolution (mediation then  litigation) is not
consistent with the usual arbitration route we request.

I didn't take a hard look at LD's, since I assumed these are settled.

13.6 Enron typically gets more precise language than this.  For instance, I
would delete or clarify the phrase "including that due to environment or
operation", as being vague.  13.6 (i)The phrase "proper storage,
installation, operation and maintenance" should be as defined by GE's written
instructions, or at least based on industry standards. 13.6 (ii) could
conceivably allow them to drag their feet on a repair, then not allow us to
get someone else to do the work.

14.1  The last line should include the words "strict liability" after
"negligence". GE ususally gives us indemnity for any hazardous substance they
introduce.

This is a quick look.  If you need more detailed information (and you think
there's time to negotiate further), I can look at it in more detail.

Kay

"Bob Licato" <Bob.Licato@enron.com> on 07/12/2000 03:46:26 PM
To: kay.mann@enron.com
cc: "Lisa Mellencamp" <Lisa.Mellencamp@enron.com>

Subject: RE: GE Turbine Purchase Contract - Linden 7 site

---------------------- Forwarded by Bob Licato/ECP/HOU/ECT on 07/12/2000 03:21
PM ---------------------------

Bob Licato
07/12/2000 02:31 PM

To:   Lisa Mellencamp/HOU/ECT@ECT, kaymann@enron.com
cc:   Chuck Tobias/ECP/HOU/ECT, Cliff Evans/ECP/HOU/ECT
Subject:  RE: GE Turbine Purchase Contract - Linden 7 site

I spoke to Jon Stroble of El Paso today and he as agreed to delay signing this
agreement until next week.   We need to get him any comments by close of
business on Monday, July 17.    Can you please review and get me comments
ASAP.
thanks and sorry for the short notice.
---------------------- Forwarded by Bob Licato/ECP/HOU/ECT on 07/12/2000 02:15
PM ---------------------------

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Stroble, Jon"
 pic17929.pcx) <StrobleJ@EPEnergy.com>
               07/10/2000 11:58 AM

To:   "'cgoode@ssd.com'" <cgoode@ssd.com>
cc:   "Abramson, Shelly" <AbramsonS@EPEnergy.com>, "Kidd, Andrew"
      <KiddA@EPEnergy.com>, "'chuck.tobias@enron.com'"
<chuck.tobias@enron.com>,
      "'bob.licato@enron.com'" <bob.licato@enron.com>
Subject:  RE: GE Turbine Purchase Contract - Linden 7 site

Cory,

Please see comments in attached file.  I changed the date to July 14th
assuming we can sign on this date.

 <<agree_6_13_00.doc>>    <<TsCs_6_28_00.doc>>      <<pricing_06_23_00.xls>>

I'm hoping you can rewrite these files incorporating these comments as well
as Shelly's comment below and Mike Neuman's comment from his 6/28 email
copied below.

Parent Guarantee-We feel the dollar amount for the parent guarantee should
be raised from $33Mill to $37mill to allow us some room in case of change
orders.  In any event, the Contract Price is approximately $35mill.

Thanks,
Jon

          -----Original Message-----
          From:     Abramson, Shelly
          Sent:     Friday, July 07, 2000 4:58 PM
          To:  'cgoode@ssd.com'; Kidd, Andrew; Stroble, Jon
          Subject:  FW: GE Turbine Purchase Contract - Linden 7
site

          As per my previous e-mail.

          -----Original Message-----
          From:     Abramson, Shelly
          Sent:     Thursday, June 15, 2000 3:28 PM
          To:  Stroble, Jon; Kidd, Andrew; 'cgoode@ssd.com'; Baker,
Bob
          Cc:  Brown, Stephen
          Subject:  GE Turbine Purchase Contract - Linden 7 site

          Jon and I met with East Coast Power this morning to discuss
the contribution by El Paso of the GE Turbine for the Linden 7 Site.  The
assignment clause in the GE Terms and Conditions currently permits the
assignment by the buyer to an affiliate without GE's consent. The word
affiliate is not defined but we should be able to take the position, as a
49% equity owner in East Coast Power, that it is an El Paso affiliate.  I
would recommend that to clarify, we include the following clause after the
word affiliate in the Assignment Section: (including but not limited to East
Coast Power L.L.C.).  Andrew, Bob and Coralyn, pls advise if you would like
to take a different approach. I also expect that we will have a credit issue
when the Contract is assigned to ECP as GE is now, I believe, getting an El
Paso Energy Corp. Guaranty. According to Bob Licato at ECP, GE accepted an
ECP assignment without an Enron guaranty on Linden 6 due in part to the
presence of GECC as a lender/equity participant in ECP. We can discuss this
with GE when we inform them of the planned assignment to ECP.  Finally, I
would advise that when we get GE to sign a letter accepting the assignment,
we confirm that the GE warranties flow to ECP.

******************************************************************
This email and any files transmitted with it from El Paso
Energy Corporation are confidential and intended solely
for the use of the individual or entity to whom they are
addressed. If you have received this email in error
please notify the sender.
******************************************************************

(See attached file: agree_6_13_00.doc)
(See attached file: TsCs_6_28_00.doc)
(See attached file: pricing_06_23_00.xls)

 - pic17929.pcx
 - agree_6_13_00.doc
 - TsCs_6_28_00.doc
 - pricing_06_23_00.xls


I am resending the original message that I sent to Kevin regarding Rick
Causey's memo.  Please refer him to the second point in my e:mail, as well as
the attachment.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/04/2000 03:22 PM
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           12/17/99 07:03 PM

To: Kevin P Hannon/HOU/ECT@ECT
cc:
Subject: Various Discussion Points

I will commit to writing the three items that I had hoped to discuss with you
today.  Feel free to get back with me via voice mail (x35926).  If you would
prefer to discuss any of these with me, you can reach me at home from
December 20-23 while I am on vacation.  My home number is 281-370-8568.  I
will be back at work for the week between Christmas and New Years.

1)  January 1:  Do you want me to call you that day after we have tested all
systems to give you a status update?  I can leave a voice mail for you at
your Enron number.  Or if you prefer, I would be happy to call you if you
will provide me with a number where you will be.  Cliff Baxter and several
key commercial personnel have asked that I call them after we have completed
our testing of all systems that support each commodity and product that we
trade in North America.  I will make these phone calls myself, and will
naturally treat all phone numbers that I have been given as confidential.
Please let me know your preference for notification.

2)  Definition of a global focus for trading operations:  Attached is a draft
memo that Rick Causey proposes to send.  This memo describes a coordination
role that I will play on certain operational policies and procedures that
should be coordinated in all trading locations.  Please let me and/or Rick
know if you have any comments or suggestions.  I had hoped to briefly discuss
this with you in person, as I would want you to understand two points:  (1)
This role will not prevent me from continuing a very strong focus on the
needs of ENA.  I have worked very hard to assure a level of accuracy, control
and service in ENA operations.  Through that hard work, I believe that I have
your confidence in my ability to deliver results.  I  would do nothing to
jeopardize that.  (2)  There is a need for this coordination function, and
some one will play that role.  If I play that role, I can be in the best
position to influence outcomes with ENA's needs in mind.

3)   Gas Logistics:  I will talk with Whalley about my thoughts on this, but
I had wanted to make you aware that Jeff Shankman believes that he wants
logistics to report to him.  His stated reason to me is that he wants it to
"look like power".  I had wanted to discuss with you your thoughts on what
the criteria should be on which we make that decision.  I will propose to
Greg and Jeff that gas logistics should be located in direct proximity to the
regional traders in order to facilitate the flow of commercially viable
information about the pipes and capacity.  ( We have that now for the Central
and West desks, and should be able to make this happen as the 32nd floor is
built out for gas.)  I believe, however, that gas logistics should now report
to Brent Price, my business controller over gas for the East, Central and
West regions.  Brent would then have operations truly front to back (risk,
confirmations, scheduling and invoicing) and he sits on 31 and works very
closely with Jeff.   Also, Brent would be in the best position to ensure that
the logistics team meets requirements for timeliness and accuracy of
volumetric information so that we can achieve our target headcount reduction
in gas operations of 52 by year end 2000.  Without a continuing focus in
logistics on the downstream information needs, I will be concerned about our
ability to deliver our projected cost savings.  I also believe that Brent
will be in the best position to ensure minimal flash to actual variances.
While Greg and Jeff were certainly both with ECT in 1996 when we had an
earnings hit as a result of flash to actual variances, I am not sure that
either one was involved closely enough to appreciate the need for a strong
front to back focus to prevent these problems, and that includes holding
logistics accountable for their part in this.

I will let you know the outcome of my conversations with Greg and Jeff on
this issue.


We wouldn't be a generation only control area.  Our load is Valley Electric.
My bigger worry is how do we meet our generation requirement if we sell off
LV Cogen.  Also, when the RTO forms, all control areas will be consolidated,
at least if their transmission is in RTO West.

To: Mary Hain/HOU/ECT@ECT
cc:
Subject: West control area

Can you and Sean Crandall call me about this?  There have been a variety of
problems with the full use of the sink provision based on FERC's Entergy
order.  Also, ComEd and TVA have precluded us from sinking at the generation
only control area and FERC hotline has said this can be done without a FERC
filing (or at least we would have to pursue it in a complaint--we don't want
that result in a FERC order.)  In addition, while you were on vacation,
Nevada Power had the problem with Salt River Project.  I don't know the
status of that.  I am in a room reviewing etrans tariff, so page me if you
want to talk about it.  800-778-8365.  Thanks.


I spoke with Jeff Dasovich yesterday.  He has a meeting with Gray Davis'
Policy Director next Wednesday.  Jeff said it is a half hour who we are and
what we want meeting with her.  I mentioned what we are looking for and why
we think it would be valuable for Davis to get behind it.  Jeff was all over
it especially since there are huge Davis - Chambers ties.

Jeff asked for us to put together a one page, bullet point overview that he
can give to her on Wed.  Definitely wants us to present it as a
Cisco/Enron/PowerTek plan.  He thinks that the Cisco name will be crucial for
us to beeline the process to obtain $$.  Jeff thinks that after she reviews
this, we will have a good chance to meet with her or Davis folks to begin the
process of obtaining funds.  However, Jeff thinks that the more we can drag
Cisco into the mix, the better chances we have.

If we are going to put Cisco's name on this, you probably need to talk to
your contacts before we move forward.  Call me to discuss.


Proposed alternative email to those employees identified as involved in California:

Re:  Data Retention

     "Due to the various regulatory proceedings ongoing in California, please do not delete any email or electronic data that relate to the California market.  Deletion of such data could subject both you and the Company to allegations of deliberate destruction of evidence, contempt of court, and civil and criminal penalties.  To preserve such data please create a folder entitled "California Data" and move all emails and other data to that folder.  Thank you for your cooperation."

Comments?

 -----Original Message-----
From: 	"Molland, Michael E." <MMolland@brobeck.com>@ENRON [mailto:IMCEANOTES-+22Molland+2C+20Michael+20E+2E+22+20+3CMMolland+40brobeck+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 27, 2001 8:02 PM
To:	Williams, Robert C.
Cc:	Sanders, Richard B.; 'mlk@pkns.com'; 'sbishop@gibbs-bruns.com'; 'mtuohey@velaw.com'; Fergus, Gary S.
Subject:	Discussion of document retention policy for EES

 	Bob Williams, Andrew Edison, Michael Molland, Amanda Smith, and two
IT professionals working with EES, Jon Eastlund and Pete van de Gohn, today
discussed a going forward document retention policy for EES as a result of
the California AG's subpoena. This is a summary of our discussion.
*	Agreement with AG with respect to EPMI-Portland: I (per my
conversation with Gary Fergus) confirmed that the document retention policy
that was negotiated in December, 2000 with the AG with respect to EPMI in
Portland is as follows:  All employees are instructed not to delete any
e-mail for 24 hours.  Each 24 hours a backup "snapshot" of the entire e-mail
server in Portland is taken.  After 24 hours, employees may delete e-mail.
This policy has been in place since mid-December and back-up tapes should
exist for e-mail for each day from mid-December through the present.
*	Description of E-mail server organization within EES:   All EES
employees are on one of two e-mail systems: (1) the exchange server/Legacy
system or (2) Lotus Notes.  The exchange/Legacy system is run off of three
servers located in San Ramon, California,  Costa Mesa, California,  and
Phoenix, Arizona.  The Lotus Notes server is in Houston.  The majority of
EES personnel in California probably are on the exchange/Legacy server, but
there is no way of knowing who is which server without individually
checking.   EES personnel who were originally hired in California probably
use the Legacy  system. Generally,  the only in-California personnel who use
the Lotus Notes system are those who were originally hired by EES to work
outside of California. Virtually all EES employees outside California use
the Lotus Notes system.
*	Current e-mail retention of Legacy system: The customary practice is
to keep daily back up tapes, which are over written weekly, as well as one
weekly snapshot of the system, which is overwritten after 30 days. As of
last week, the exchange/Legacy server is being preserved as follows:  the
daily and weekly tapes are no longer being overwritten and are being
preserved by Jon Eastlund.  (Jon is checking with his subordinate in Costa
Mesa to confirm that this is also being done in Costa Mesa).  Jon reports
that the earliest weekly back up tape which is still preserved dates from
May 25th. He is keeping that tape in San Ramon until it can be picked up by
Brobeck.
*	Retention of e-mail of Lotus Notes System: The Lotus Notes server is
backed up every day, but the back tapes are erased after seven days and this
policy is continuing. As of several weeks ago (when B. Williams first sent
out notification to Pete Van de Gohn and the IT staff in Houston) the Lotus
Notes server is being preserved as follows:  the auto purge and the delete
functions on the computers of certain key personnel have been disabled for
certain EES personnel(e.g. Sunde and Benevides).  In addition, more
recently, the auto purge function was disabled on the computers of
additional personnel (the Golden Bear team) who use the system.  As of
today, Pete will disable the delete function for those additional personnel
as well.
*	Going forward, we discussed several different policies that EES
might institute.  First, we discussed the idea of instituting a policy like
that in place at EPMI in Portland (i.e. preserving the daily back up tapes
that are already being made- but overwritten after a week or so-in the
ordinary course of business).  This policy will create a significant amount
of information that will be difficult and expensive to search if it is
requested.  However, it is apparently consistent with the policy in place at
EPMI- Portland and is possible to do on both e-mail systems. Second, as an
alternative to preserving backup tapes we discussed disabling the delete
function on the computers of key personnel. This is now being done for the
Lotus Notes system. However we understand that the exchange/Legacy system
may not have an auto purge function. Jon will check whether the delete
disabling function can be accomplished on the exchange/Legacy system and
report back. This second alternative preserves e-mail that will be
relatively easy to search for production. However, it may be difficult to
implement for California personal on the legacy e-mail system. Third, we
discussed instructing key EES personnel at issue to move all potentially
responsive e-mails into folders on the system which may they be protected,
reproduced and reviewed.This would be the least burdensome potentially
leaves us open to the "fox is guarding the henhouse" argument by the AG.
*	Data Servers:We discussed data servers briefly. All personnel are on
different servers for their word documents and spread sheets. This system
has no autopurge function. However, the only way that a document can be
deleted is if a user actually deliberately deletes it from the system.
Accordingly, there seems less need to initiate further backup of this
server.
*	Finally, we agreed EES lawyers should send e-mails to all key EES
personnel confirming our earlier instruction to them that they not delete
e-mail documents or messages. A draft e-mail on this subject follows:

	This e-mail confirms that EES has instituted an interim document
retention policy as a result of the investigation 	commenced by the
California Attorney General.	Until further notice, please do not delete
any non-personal e-mail from 	your inbox or any documents from the data
servers. In lieu of deleting any of your e-mail please transfer it to a
folder in 	your e-mail system for storage. If you need instructions on
how to do this please call ---------.

=======================================================
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


Looks like this Thursday is the day for an afterwork farewell to Bob.
Destination has not be established.  Suggestions are encouraged?

Remember, Bob is buying so keep that in mind.

Mx


(See attached file: HPLN1229.xls)

 - HPLN1229.xls


Attached is a revised contact list for Enron North America. Please contact me
at 713-853-0957 if you have any questions or you can page me at  800-719-1005.

Thanks - Bob Superty, Enron North America


Mark, I was talking to Jay on Friday and he was telling about Kerr McGee shutting down their operations. Is there any play here for you guys.?

BT


These are (Unedited) notes from the following (lengthy) telephone call:

****************************************************************************
*****************************************************************
James and Bernadette of Goldman just called to ask where we are specifically
on gas (more difficult) and power (way ahead) documentation in Europe. They
think now is the right time for ISDA  to address this issue. Many
counterparts are still only in physical markets. They feel strongly that
there is much groundwork to be done and clearly to be done now. Financial
institutions are not dealing with "trading" arm or mindset, BP, Shell, etc.
European regs will not be completed until 2005.

Although there's momentum for changing the documentation now, the
traditional players (many of whom are NOT ISDA members) are "locked into"
terms.  James/Bernadette's idea is to meet now with Katia/John/Richard T and
Rita of RWE and start talking now.  They emphasize starting from the energy
markets, not the financial markets so the market players are NOT turned off.
The market players extrapolate from their physical days - (according to GS,
many may get a carve out from FSA for capital requirements so there is no
real need for netting agreements).  Further there is skepticism about the
terms of dealing in financial markets (and physical terms are where trading
often takes place).

James points put the GTMA is less netting than in the iSDA and there is a
large and troubling acceptance issue for ISDA-style documentation.
Bernadette points out certain provisions are too burdensome, such as the
Confidentiality Provisions. Bernadette mentions EFA's questionnaire.

Both James/Bernadette are hopeful that the fix is in the bridge.  The energy
companies want a physical contract (e.g. GMTA) but will do financials under
ISDA   They say fixing the bridge is the first step toward a
one-size-fits-all ISDA-type master and some are already amenable.  This
avoids fighting every battle in every market. They see a 3-4 year period
perhaps before there's buy-in on the importance of netting.  Also very
significant: Bernadette suggests that ISDA spend  time with key players in
physical markets (BP), whether or not they are members and educate.
****************************************************************************
*****************************************************************

Katia, could you call James (7774-0022) or Bernadette (7774-1691) re this
and offer several time slots.
They believe Rita's involvement is critical as well and of course the
appropriate lawyers representing ISDA.

Mark and Stacy, we should add include this topic to the NA Energy call we
are planning.
Regards, Ruth


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MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketing Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy

DATE: December 28, 2001

RE: January 2nd Regulatory Affairs Conference Call
       ?Wednesday, 3:30 p.m. (EST)

Our weekly Regulatory Affairs conference call will be held on Wednesday, January 2nd, at 3:30 p.m. (EST). To access the call, dial 1-800-937-6563.  Ask for the Julie Simon/EPSA Call.  An agenda is outlined below.

January 2, 2002 Conference Call Agenda

?Market-Based Rate Authority

?Standard Market Design

?Public Utility Filing Requirements NOPR on Data Sets

?Financial Accounting and Reporting

?California/Nevada Power

?Interconnection ANOPR


much grass

From: Kathleen Carnahan/ENRON@enronXgate on 06/01/2001 04:11 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Blue Dog

Marisa has the Cert of Incumbency and signature page (3 originals) of the
Escrow Agreement.

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


Everyone:

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

Sarah

	Sarah Novosel
	12/13/2000 11:17 AM

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

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

Thanks

Sarah


vince pls call me on this ....we need to facilitate any transfer before you leave

-----Original Message-----
From: Kitchen, Louise
Sent: Thursday, January 24, 2002 7:43 AM
To: Kaminski, Vince J; Fallon, Jim
Cc: Webb, Jay; Muller, Mark S.
Subject: RE: Research Library

There is clearly an issue here - we have been asking for this for weeks now.

Mark please help resolve.

-----Original Message-----
From: Kaminski, Vince J
Sent: Wednesday, January 23, 2002 12:08 PM
To: Fallon, Jim; Kitchen, Louise
Cc: Webb, Jay
Subject: RE: Research Library

Please, keep in mind, that the members of the Research Group
who stayed behind to facilitate the transition will be leaving
for good, in a week. We have to accelerate the process.

Vince

-----Original Message-----
From: Fallon, Jim
Sent: Thursday, January 17, 2002 6:54 PM
To: Kitchen, Louise
Cc: Kaminski, Vince J; Webb, Jay
Subject: Re: Research Library

Does the state have copies of all programs?  Should systems manage the migration?  Muller was going to send vince the copy of the contract indicating the section to vince that required the turnover just to make sure we were doing the right thing - did that happen?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


FYI John- per our conversation about getting all calc sheet deals back.  This
is the list from settlements and it just so happens all of them are east
deals.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/26/2001
04:20 PM ---------------------------

Lisa Valderrama
02/26/2001 03:25 PM
To: Phillip M Love/HOU/ECT@ECT, John Valdes/HOU/ECT@ECT
cc: Bryce Baxter/HOU/ECT@ECT
Subject: Calc Sheet deals

Here is the list of deals we are still doing calc sheets:

 TBG Cogeneration  # 22957  - Shielah Castro
 Trigen-Nassau  #22358 - Shielah Castro
 CES- Washington Gas Light  # 142001- Shielah Castro
 Washington Gas Light  # 23132- Shielah Castro

 State of Florida - Various deals - Max Doner
 Florida Power & Light - # 217961- Max Doner
 United Technologies # 305624 - Max Doner

Please let me know if you have any questions


http://www.consultrci.com

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

Miss last week? Catch up on the latest in the energy industry at:
http://www.consultrci.com/web/infostore.nsf/Products/IssuesWatch
************************************************************************

===============================================================
SCIENTECH IssueAlert, October 10, 2000
PG&E's Rate Cap Proposal: Leading the Charge for Re-Regulation, or Protecting
Itself from Economic Disaster?
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Pacific Gas & Electric Co. (PG&E), in filings with the California Public
Utilities Commission (CPUC) and California Independent System Operator
(Cal-ISO), has requested that a rate cap be placed on wholesale purchases
in the state. The utility is asking the CPUC to lower the current rate
cap from $250 per megawatt hour to $100, or 10 cents per kilowatt hour.
In seeking the rate cap, PG&E is joined by Edison International, the parent
company of Southern California Edison, and The Utility Action Network (TURN),
a ratepayer advocacy group.

ANALYSIS: The current rate cap of $250 per megawatt hour in the wholesale
market of California resulted from the price spikes experienced in San
Diego this summer. As San Diego Gas & Electric had paid off its stranded
costs, the retail rate freeze in its area was lifted and SDG&E customers
were exposed to market-based prices, which doubled and at times tripled
due to increased demand in the state and power supply concerns. PG&E customers
were not exposed to the price spikes because, at the time, PG&E had not
paid off its own stranded costs and was still under a retail rate freeze.

Yet the company has felt the impact from the price spikes just the same.
PG&E buys a great deal of its power on the wholesale market, and as a result
is about $2.2 billion in debt (some figures suggest it is as high as $2.7
billion). Due to the retail rate freeze still in effect, PG&E has been
unable to pass this debt on to customers by raising its rates. In real
terms, PG&E was paying up to 19 cents per kilowatt hour on the wholesale
market this summer, when by law it was only allowed to charge its customers
on average 5 cents per kilowatt hour. In total, PG&E has paid about $2.7
billion more to suppliers than it can bill customers for, and this amount
is growing by hundreds of millions each month. This explains the utility's
motivation in wanting to see the CPUC further lower the cap on wholesale
rates in California.

However, even though PG&E as a whole is in debt, the utility*as well as
other divisions under parent company PG&E Corp.*is still making money off
deregulation in California. For instance, PG&E's Diablo Canyon nuclear
plant has been able to capitalize on the high value of power on the wholesale
market. The utility confirmed recently that altogether its power facilities*
the
ones left after the utility was forced to divest the bulk of its power
assets*still provide about $150 million a month to the utility. In addition,
PG&E Corp.'s unregulated energy commodity trading operation has been doing
very well. And the unregulated National Energy Group*which operates in
markets outside of California, such as Massachusetts, Rhode Island and
New Hampshire*posted a 233-percent profit increase for the second quarter.
Thus, it is important to note the distinction between PG&E and its parent,
PG&E Corp. Ironically, as a whole, PG&E Corp. has stated that it does not
support rate caps, and has opposed the issue when it has surfaced in other
states.

PG&E reported second-quarter earnings of $216 million on $2.3 billion in
revenue, representing a 26-percent increase over the same quarter last
year. Third quarter earnings also reportedly will be strong. This puts
PG&E in an awkward predicament. On one hand, PG&E wants to convince
shareholders
that the company is doing well and making money from the commodities that
it sells. On the other hand, PG&E is attempting to convince regulators
that it is losing money due to the high wholesale prices that it must pay
for power. In fairness, though, the revenue PG&E has earned cannot come
anywhere near to paying off the massive debt the company has accrued due
to its obligation of serving customers.

PG&E's rate freeze is scheduled to end March 31, 2002, at the very latest,
or sooner if it is determined that PG&E's stranded costs have been repaid,
something that utility executives say may already have taken place. Due
to higher-than-expected revenues and higher-than-market valuations of the
utility's assets, it may very well be the case that PG&E's stranded costs
are already paid off. When this is officially determined by the CPUC, PG&E
will argue that customers should be liable for some or all of the debt
it has assumed while the rate caps were in place. The CPUC has scheduled
a hearing to address these issues on Oct. 19. The core question of these
proceedings will be whether or not PG&E should be allowed to turn over
its debt to customers through rate increases once the rate freeze is lifted.
PG&E wants to be able to retroactively bill customers for its debt, based
on the date which the CPUC determines that PG&E had in fact paid off its
stranded costs, a point groups such as TURN will surely protest.

It may seem surprising that TURN was among the group with PG&E that filed
the petition to lower the rate cap on wholesale prices. Typically, TURN
and PG&E (along with most utilities) are at polar opposites regarding most
issues. However, both agree that wholesale rates are too high and want
to see a new cap put into place, but for completely different reasons.
TURN says that PG&E and other utilities took a risk when agreeing to the
rate freeze and they should not be allowed to pass debts that resulted
from that risk onto customers. TURN continues to retain a watch over the
proceedings related to PG&E's proposal, specifically with regard to the
possibility that the CPUC will allow the utility to raise rates on customers.

Within the course of these new developments, it's important to be clear
on PG&E's motivations. Some California lawmakers and consumer advocates
have called for a complete return to regulation, arguing that deregulation
in California has become a failed experiment. Many have surmised that PG&E's
proposal for wholesale caps is essentially a call to return California
to a regulated structure. I think this is a misinterpretation. PG&E has
very clearly stated that its proposal is a "necessary short-term step to
try to bring prices back in line." PG&E's efforts really shouldn't be viewed
as a move to return California to a regulated market. Rather, PG&E is merely
attempting to protect its own interests. The utility wants to secure temporary
lower rates for the power it needs to buy on the wholesale market and transfer
its debts to customers once the rate freeze is lifted. A return to regulation
via a permanent rate cap would not be in PG&E's best interests as it continues
to sell power from its nuclear plant. In addition, PG&E probably recognizes
that regulation would discourage additional companies from building new
power plants in California, which would not be good for the long-term economy
of the state. This also would do little to lower wholesale prices in
California.
As we discovered this summer, the less supply, the higher the price for
power.

PG&E's proposal to lower rate caps on wholesale prices is, more than anything
else, an attempt to protect itself from what it perceives as disastrous
economic impact if it is not able to transfer its debt to customers. A
recent Wall Street Journal report inferred that if wholesale prices continue
to exceed what PG&E can charge customers, the utility could become
"technically
insolvent" sometime next year. It will be interesting to see if the CPUC
has the same perception when it evaluates PG&E's proposal later this month.

==============================================================
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===============================================================
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===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
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If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


Dave

I don't think I can follow up with 90 people.  Please advise me if I should
be handling this or your group is hadling.

John
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/20/2000
05:38 PM ---------------------------

Gina Corteselli
07/20/2000 01:45 PM
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Janet R
Dietrich/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT
cc: David Oxley/HOU/ECT@ECT, Cindy Olson/Corp/Enron@ENRON, Andrea
Yowman/Corp/Enron@ENRON

Subject: GIS VP Profile Audit

All;

As requested yesterday in the VP PRC Committee meeting, the following
comprises a list of your Business Unit VP's who have  either not accessed
HRGIS or not fully completed the required information. The following
information is considered critical for PRC profiles:-

- Current Responsibilities (VP to input info)
- Date of Promotion to VP (VP to audit info for accuracy)
- Date of Hire (VP to audit info for accuracy)
- Photo

Access information:

To access HRGIS, via the HRWeb intranet site, the employee will need to use
their SSN (no dashes) as the Logon ID, and their password is their data of
birth YYYY/MM/DD.

Please contact me if you have any questions or need further information.
Thanks in advance,

Gina Corteselli


Wants to discuss adding K.Sweeney and B.Hall.


You're probably right, Sharen, since the counterparty continues to send
confirmation letters with FPL Energy Power Marketing instead of Florida Power
& Light. Unfortunately, the marketer who contacts our trader to transact
identifies himself as being with Florida Power & Light, which is where I
believe the confusion is coming from. I'll let the traders know of the
correct counterparty name, though.

Thanks for the heads up,
Kate

	From:  Sharen Cason                           04/20/2001 02:55 PM

To: Kate Symes/PDX/ECT@ECT
cc: Kimberly Hundl/Corp/Enron@Enron, Amy Smith/ENRON@enronXgate

Subject: #587574

Can you check with the trader on this deal.  We have had to change several
deals input with this CP name.  I believe it should be FPL Energy Power Mktg.
not  Florida Power & Light Company.  I think one is a utility which would be
local and one is a marketer, who can trade anywhere.

Thanks!


Here are companies I've uncovered so far that look like potential competitors
or who offer similar product for specifically the financial industry.

Arcordia
OMR Systems-Back Office Outsourcing
GlobeOp Financial Services - not a competitor, but I like the way they
promote/position their services
Energy Services Group (ESG) - maybe ?
Orcom Solutions

If I uncover more, I'll let you know.


Entire story:
http://chicagosports.com/bears/content/story/0,1984,168218,00.html

Clipped from the John Mullin article:

The Bears are preparing to play one of the NFL's poorest defenses against
the run but may face that defense without their No. 1 running back.

Rookie tailback Anthony Thomas is questionable with a strained hamstring
that has bothered him for the last couple of weeks, got a little worse in
the win over Tampa Bay and could eventually cause coaches to hold him out of
a game to let it heal.

Thomas did not practice Wednesday and his status for Sunday night's game at
Minnesota will not be determined until closer to game time.

"I can't say when I really did it," Thomas said. "It just bothered me a
little more at the end and halftime when you rest on it awhile."

Injuries are part of every week's preparations and players become accustomed
to playing with pain and injury. But with a playoff berth possible, the
Bears may bench Thomas to let the hamstring get closer to full strength.

"We could get there," said coach Dick Jauron. "You definitely don't want to
do that, but any player that's out there that has an injury that causes them
to not only be not as effective as they can be but also risks further
injury, you don't want to expose him to that. We'll just have to monitor
that really closely."

[ [ [ [ [ [ [ [ [ [ [ [ [  OUR VIEW  ] ] ] ] ] ] ] ] ] ] ] ] ] ] ] ]

Just passing along.   Realize the Bears are thinking now much further past
just this game.   Dick Jauron knows Anthony Thomas will be a big part of
their playoff success and he may be thinking conservatively here.

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Bryant Analytics, Inc.   All Rights Reserved 1999-2001

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Errol-
Can you help me on this deal-
I need to make an prior month adjustment, as well as adjust books for current
month-

Calpine only knows deal QF1336.1, not QF1336.1

let me know
thx
jennifer

	From:  Jennifer Blay                           05/07/2001 07:32 AM

To: Sheetal Patel/HOU/ECT, Derek Bailey/Corp/Enron@ENRON
cc:
Subject: Calpine Energy

Can either one of you help me...

Calpine- does not know Deal QF1735.1-traded by John Arnold.

Deal QF1336.1 is the exact same trade terms, but is brokered through GFI and
traded by Mike Maggi.

Calpines thinks these are duplicate trades-and only knows the QF1336.1
Their trader is Thomas McAndrew @ 713 830-8640

Calpine has short-paid by 136,990 due to this trade.

Please let me know if the trade by John Arnold is valid-
Thanks so much
jennifer
5-7678


Confirming the open requistions for your group.    If your records indicate
otherwise, please let me know.

Lisa Csikos  104355,104001
Rita Wynne  104354
Daren Farmer  104210
Mike Eiben  104323
Pat Clynes  104285
Mary Smith  104301
Steve Venturatos 59127, 104353

The posting dates have all been updated to reflect a current posting date.

Thanks for your support!!
Toni


Paul,

Susan Randolph of Goldman Sachs called inquring as to the status of an ISDA
draft between GSCM and Enron Corp.  I requested a credit review of this
counterparty back in December; however, with how busy we've been, no Credit
Worksheet was never submitted to Legal.

Could you prepare one at this time.  Apparently, GSCM has entered into a
trade and would very much like a master in place.

Thanks.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail:  Susan.Bailey@enron.com


Sorry I lost my temper.  I guess I'm not accustomed to being transferred to
someone else to get things done.  No reason to lose my temper, though.

Kay


My employee in question fell out in "Needs Improvement" because of the lack
of time in her position.

DG    3-9573

Francisco deJesus@ENRON
12/21/2000 04:35 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Communications and Development Plan

You have 1 employee who fell out in  "Needs Improvement" at the year end 2000
PRC process.

I would like to meet with you to address the employee's areas of
improvement.  Additionally, I will be sitting in on your discussion with the
employee. My role will be twofold:

assist you in creating a communication and development plan for the employee
to serve as an advocate for the employee and management

As agreed, We will not be sitting in with employees who were placed in "Needs
Improvement" due to newest in position. Specifically, employees who are
meeting your learning curve expectations but because of their newest and
limited contributions they were placed in "Needs Improvement".

You should plan to discuss your development plan with your employee(s)
between now and January 31, 2001.

Please contact me prior to meeting with the employee so I can assist with
your plans. Call if you have any questions, I can be reached on (713)
345-3662.


done

Jackie Young
02/03/2000 10:13 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: 98-3405 Activity Being Allocated/Nomed @ 98-9643

Daren,

Wanted to let you know that there are still two sitara deals that need to
have the expected volume brought down to "0" of the list that I previously
sent you.
They are 114099 and 92918.

I appreciate you revising the ones that you have and you probably were going
to handle the above two today.  In case you were please disregard this
notice.  If you had fogotten, this can serve as reminder.

As usual, thanks for your help.

-Jackie-
3-9497


Mike,

Good to hear you arrived safely. Reno was very average. Too much travel. I
guess you know all about that.

Hope that work is going well. I am trying to take it relatively easy on Rob.
Benson's email is Rob.Benson@enron.com, if that doesn't work try

Robert.Benson@enron.com. Let me know if those don't work.

Gotta hop!

Keep in touch,

Chris


Stinson,

I have created a directory (O:\research\common\projects\options\McLib)
to hold our Monte-Carlo models we developed in the past.

I have the following MC models:

1. Asian option with two-point vol structure
2. Asian barrier option
3. Asian spread option
4. Time spread option
5. Asian Digital option

Do we want to include models using American Monte-Carlo ?
I have

1. American Spread Option
2. Option on Min or Max of  n assets with n as an input
3. Omicron option model with 3 price processes

I suggest that all of us save a copy of Monte-Carlo models in this directory,
from these,
we can build a general Monte-Carlo library.  We can also calculate the MC
Greeks more
efficiently now.

Zimin


I wanted to let you guys know that I changed the files.  I had one deal with
FT Central that was in the physical file that was financial.  I transferred
the deal to Sheetal's file.  I also added the sitara numbers to the physical
file.  Sorry for the mishaps.
PL


Please respond to Larry Taylor's new e-mail address is:

	Taylor@BeAnOrange.com


Are ya'll up for Keneally's tonight?


Victor, thanks for forwarding these messages. Could you please also add Jon Mckay to the list so he could get all the pipeline updates. He is trading all the M3 and Z6 basis now.

thanks,

Vladi
-----Original Message-----
From: Lamadrid, Victor
Sent: Monday, October 01, 2001 8:18 AM
To: Homco, Meredith; Allwein, Robert; Garcia, Clarissa; Germany, Chris; Pimenov, Vladi; Smith, Maureen; Barbe, Robin; Neal, Scott; Hodge, John
Subject: FW: Transco's 9-28-01 Market Link Expansion Project
Importance: High

fyi...
-----Original Message-----
From: Cantrell, Rebecca W.
Sent: Friday, September 28, 2001 4:37 PM
To: Calcagno, Suzanne; Concannon, Ruth; Fletcher, Brenda H.; Lamadrid, Victor; McMichael Jr., Ed; Muhl, Gil; Olinger, Kimberly S.; Superty, Robert; Tate, Paul; Townsend, Judy
Cc: Pharms, Melinda; Gomez, Julie A.; Montovano, Steve
Subject: FW: Transco's 9-28-01 Market Link Expansion Project
Importance: High

FYI.  Transco plans to put Market Link into service Nov. 1, and these are the tariff revisions to reflect the incremental rate.

-----Original Message-----
From: Transco Tariff [mailto:Transco.Tariff@Williams.com]
Sent: Friday, September 28, 2001 1:12 PM
To: Cantrell, Rebecca W.
Subject: Transco's 9-28-01 Market Link Expansion Project
Importance: High

Attached is a copy of the above referenced filing Transco has made at FERC today.


Gerald, add one more thing...  in the Period of Delivery: after the oct
period put language in there that says that the start date shall roll month
to month until the pipe actually starts.

BT


IVOLUNTEERI
Join The Party!  Enron is hosting a Fiesta party at the Ripley House for
underprivileged children.  We need volunteers to have fun and help entertain
the children, lunch is included.  The event is this Thursday, July 13 from 9
a.m. - 12:30 p.m.  Any time that you have available will be appreciated.  To
sign up, call Rachel Feldt at 713.345.7629.

IHAPPENINGSI
Bowl For The Cure!  Join Enron and the Muscular Dystrophy Association for
their annual Beach Bowl Fund-raiser, July 29 at Funplex.  Can't bowl? That's
ok, you can still help by raising donations.  Everyone participating is
eligible to win great prizes, including airline tickets and hotel
reservations to an exotic location!  Register now by calling Sandy Hoelscher
at 713.345.6006.  For more information, visit http://home.enron.com/cr.

Join Enron Federal Credit Union and the Foundation for Financial Literacy for
the 2nd session of the Financial Wellness Workshop Series on July 13. Topic:
Use It But Don't Abuse It: Credit.  Please reserve your seat as soon as
possible via e-mail to Amanda.Quiller@enron.com.  For a complete listing of
workshops, visit http://home.enron.com/efcu.

The Enron Blood Drive will be on July 20 from 7 a.m. - 4 p.m. in EB-5C2.
Call 713.853.6100 to schedule an appointment now!

Get CPR/First Aid Certified this month!  Learn the lifesaving techniques for
you and your family.  Learn how to perform adult & infant CPR and how to use
an AED (automatic external defibrillator).  July 25, 1:00 - 5:00 p.m.  Cost
is $10.  To register call the Health Center at 713.853.6100.

Weight Watchers @ Work is gearing up for another session.  Cost is $169 for
16 weeks.  Space is limited to the first 60 employees who register via e-mail
to Michelle Kapfer.  Classes are held every Wednesday  at 11:45 a.m.
beginning July 19.  E-mail confirmations for class participants will begin
on  July 17.

Knead a massage?  Try Massage, Body & Soul at the Body Shop.  20% off your
FIRST half hour or one hour massage.  To schedule an appointment call
713.853.3047.

IWORKPERKSI
Don't delay!  Get your PerkCard today!  The PerkCard offers discounts at a
variety of merchants around Houston.  Cost is $20 and all proceeds go back
into community programming.  For more information visit the WorkPerks website
at http://home.enron.com/workperks/programs/.

Sign up your middle-school aged child for Summer of Service, a community
service program that is challenging, rewarding and tons of fun!  Children
develop valuable skills and are recognized for their contributions to the
community.  They also will enjoy  weekly Fun Friday outings to recreational
and cultural events. Cost is $160 for a two-week session.  Locations include:
West Side YMCA  713.467.9622 and South Montgomery County YMCA (The Woodlands)
281.367.9622.  Session dates are: July 3 - 14, July 17 - 28.  For more
information call the YMCA location of your choice.

ISAVE THE DATEI
August 8 - Enron Night at the Astros game.  For more information, click here
http://home.enron.com/cr.


When: Friday, April 13, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US &
Canada).
Where: EB2737

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

Hello all--

Meeting to discuss:
 Net Works Legal Docs "Current Status"
 Procedure for keeping a fresh status update
 Specific permissions/prohibitions of each type of legal doc

Thank you.

Stephanie Segura
x37430


<<TLR-latest.ppt>>

__________________________
Narasimha D. Rao
Senior Analyst
Tabors Caramanis & Associates
(617) 868-6719

 - TLR-latest.ppt


FROM BETH STIER

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/30/2001
09:01 AM ---------------------------

InnoComInc@aol.com on 05/30/2001 05:28:32 AM
To: Maureen.McVicker@enron.com
cc:

Subject: Fwd: Answer to Your Question

Hi Maureen,

I've tried to send an e-mail to Steve at S.Kean and Steve.Kean and both
e-mails were returned to me as undeliverable.  Will you please forward this
to Steve for me?

Thanks.

Beth Stier
713.446.4424
----- Message from InnoComInc@aol.com on Tue, 29 May 2001 16:00:14 EDT -----
To:	Steve.Kean@enron.com
Subject:	Answer to Your Question
Hi Steve,

Thanks again for meeting with me last week about ideas for saving money on
Enron's videos.

You asked me whether or not our new "Pro-Sumer" field production equipment
can download directly into e-mail.  The answer is yes and no.  The camera has
a feature that will enable us to play back still pictures into e-mail or file
storage.  We do not, however, have technology that will enable us to download
moving video straight from the camera into a computer.  As far as we know,
you still need to encode video for computer applications.  Now that we know
that's something you're interested in doing, we'll keep our eye on the
technology and let you know when it has been developed.

I talked with Mary about the ideas I presented to you, but have not yet
talked with Mark Palmer.  I'm planning to send him an e-mail this afternoon.

I forgot to mention one thing to you about the "creative piggybacking"
money-saving idea:  using a contractor to coordinate/piggyback video shoots
is exactly what Microsoft does.  When we interviewed Steve Ballmer in
January, we went to Microsoft's facilities and used Microsoft's crew.  Then
they invoiced us for a whopping $1800.00 (for fewer than 15 minutes of
shooting time).

Steve, I hope that as your thoughts progress about Enron's video needs,
you'll consider me to be part of the team.  I would like to help develop and
be a part of the solutions.

Beth Stier


Mr Whalley,

We are exited to announce the formation of the Emery Financial Group of First Union Securities. Effective this morning, based on a wide array of issues, we have resigned from UBS PaineWebber. We have a strong desire to continue the relationship that we have established with you. We are currently in the process of contacting you by phone. Please feel free to contact us at your convenience to discuss why we feel that this change will provide a mutual benefit for both yourself, and to the Emery Financial Group in terms of the service it will allow us to provide for you. Following is a list of our new phone numbers:

Rocky Emery:713-853-2401
Pat Dowd: 713-853-2403
Hank Emery: 713-853-2407
Toby Pullig: 713-853-2383
Vince Weir: 713-853-2384
Julie Haviland: 713-853-2386
Caye Taylor: 713-853-2366
Ana Hilario: 713-853-2385

We look forward to hearing from you!

Sincerely,

The Emery Financial Group:


Mark, you have this one!
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/06/2000
05:40 PM ---------------------------

Janet R Dietrich
06/06/2000 04:01 PM
To: Mark E Haedicke/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT
cc:
Subject: Chris Gaffney

I just heard that Chris Gaffney is transferring to the Toronto office. His
skill sets/capabilities have been critical in the closing of both the UI and
NSTAR deals and he has been actively engaged in the long-term NSTAR deal,
Con-Ed, and our Project Green Jacket. It is critical to our business to have
no transitional period with attorneys and I expect his replacement to be
fully up to speed (i.e. knowledge of the power market, understanding of
structured power transactions, etc) relative to definitive documents around
these transactions. Chris is definitely a loss to our team. Please advise as
to his qualified replacement on these specific deals.  Thanks.


Rick Buy

I'm expecting more details from Bill re. Perry Gas but I'm quite pissed about
this.  I will deal with my traders when I have the details.  On the Retail
side, I think this is the problem in trying to set up a separate Wholesale
trading group in retail which is clearly happening.  This wouldn't of
happened it they were trading through us.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 09/19/2000
10:37 AM ---------------------------

	From:  William S Bradford @ ECT                           09/18/2000 06:51 PM

To: John J Lavorato/Corp/Enron@Enron
cc: Rick Buy/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT

Subject: Perry Gas Companies, Inc.

John,

As discussed today, I have attached a summary of ENA's credit exposure to
Perry Gas Companies, Inc (approximately $1,800,000).  They have filed for
bankruptcy on August 28, 2000.  It should also be noted that our July
settlement was not offset by our purchases due to an apparent oversight by
the Settlements group, resulting in an additional $678,000 of credit
exposure.  EES's credit exposure is still being researched but is estimated
to be over $5,900,000 of additional exposure.  We are working with EES to
resolve these issues as well.

As I mentioned today, Perry Gas Companies, Inc. was not approved for credit
on any of these transactions and was on our Credit Watch List.  This company
was not an approved counterparty and was granted a zero credit line.

We are still trying to get the list of trades and traders for the July
transactions.

Let me know if you have any questions.

Bill


Below is the procedural schedule that Judge Cintron established for the PNW refund case.  Please call if you have any questions.

8/3  Answers to Intervention Motions
        Designation of Groups of Like Interests
        Staff to propose template (filter) identifying sales and purchases
              that must be submitted
8/7   Comments on template
8/9    ALJ issuance of final template
8/16  Parties submit transactions that fit in template
          Parties submit stipulation of issues
8/17  Refund claimaints submit affirmative case
8/20  Parties submit join stipulation on the treatment of ripple claims (claims                  for refunds up the daisy chain)
8/22  Parties from whom refunds are sought submit responsive cas
8/27  Refund claimants submit rebuttal cas
9/4-6 Hearing
9/17   Parties submit proposed findings and post hearing briefs

Jeffrey D. (Dan) Watkiss
Bracewell & Patterson, LLP
2000 K St., N.W.
Suite 500
Washington, D.C.   20006-1872
(202) 828-5851
dwatkiss@bracepatt.con
jdwatkiss@aol.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001
04:21 PM ---------------------------

NW on Linux <Linux@bdcimail.com> on 04/16/2001 06:20:01 PM
Please respond to Linux Help <NWReplies@bellevue.com>
To: vkamins@enron.com
cc:
Subject: Super-secret Linux

NETWORK WORLD NEWSLETTER: PHIL HOCHMUTH
on LINUX
04/16/01 - Today's focus: Super-secret Linux

Dear Wincenty Kaminski,

In this issue:

* National Security Agency is bulletproofing the operating system
* Links related to Linux
* Featured reader resource
* CAREER CORNER: Mission-critical opportunities with marketplace
                 winners

_______________________________________________________________
If a friend has forwarded this newsletter to you, why not sign-up
for your own free copy? Visit http://www.nwwsubscribe.com/FOC162
for your own free subscription.
_______________________________________________________________
Today's focus: Super-secret Linux

By Phil Hochmuth

Network Associates is teaming up with the National Security Agency,
the government's top electronic cryptography and spying institution,
to help the agency fine-tune its highly secure version of Linux. The
goal is to create a version of Linux that is impervious to outside
attacks.

Security Enhanced Linux, or SELinux, is a project under development
by the NSA to create a version of the operating system that is more
secure than the commercial distributions of Linux available from
software vendors and the open-source community. The PGP Security
division of Network Associates is working with the NSA to modify the
Linux source code so that applications running on a Linux server or
PC have reduced access to a Linux machine's underlying operating
system. The aim is to give Linux servers the ability to shirk off
"buffer overrun" and "format string" attacks, which take advantage of
loose ends in Linux applications to access a server's core operating
system and shut it down. A Linux worm dubbed "Lion" was recently
identified as using this method to hack Linux servers.

NSA has worked with other software firms to shore up other weaknesses
in the operating system. Secure Computing has worked on the SELinux
project to add its Type Enforcement technology to SELinux. Type
Enforcement protects the operating system and applications by
segmenting them into security "domains" with specifications on what
types of files can be accessed by each domain. (For example, this
could be used to prevent access to a configuration file through an
application, such as Apache Web server). NSA is also working with
VMWare to come up with a more secure user permissions system for
allowing users with different security access to work on the same
server.

The good news for Linux users who are not high-level NSA operatives
is that SELinux will be released to the open-source community once
finished. This means that commercial Linux vendors could include
SELinux security enhancements in future releases, resulting in more
bulletproof Linux Web and database servers in enterprises.

_______________________________________________________________
To contact Phil Hochmuth:

Phil Hochmuth is a staff writer for Network World, and
a former systems integrator. You can reach him at
mailto:phochmut@nww.com.
_______________________________________________________________
RELATED LINKS

Get the source code for SELinux
http://www.nsa.gov/selinux/src-disclaim.html

Check out a site with Linux security tools and tips
http://www.linuxsecurity.com

PGP working with NSA on Linux security prototype  -  Network World,
04/16/01
http://www.nwfusion.com/news/2001/0416apps.html

Breaking Linux news from Network World and around the 'Net,
updated daily: http://www.nwfusion.com/topics/linux.html

Archive of the Linux newsletter:
http://www.nwfusion.com/newsletters/linux/index.html
______________________________________________________________
FEATURED READER RESOURCE

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------------------------
This message was sent to:  vkamins@enron.com


Hey,  just heard from the girls that you are now a tv star.  They saw you on some E! Entertainment special.  I am sorry to say that I missed it!  How are you and where are you?  I am assuming that you have now left the boat and are wondering your way to Austrailia.  Hope you are enjoying yourself.  I just spent the weekend in Memphis - visiting family and friends.  It was a lot of fun!

If the show runs again and I am able to see it, perhaps I will record it for you!  Have fun and keep in touch!

K2


Just a reminder that I will be out of the office on Wednesday 11/21/01.  If you need assistance, Becky can help you and she can reach me if needed.

Ina


Joe,

Per our phone conversation, here is the loss calculator for volume in and out
of Nepool.

Please come by my desk if you have any questions.

Rebecca


For all of you who are active participants in the Enron Corp. Savings Plan,
we have made arrangements with Northern Trust, our Plan Administrator, to
expedite any loan requests made during the week of June 18 - June 29 in order
to help you during this recovery period from any flood damage you may have
experienced.

If you do not already have an outstanding loan, you can request up to 50% of
your balance up to a maximum of $50,000.  To request a loan follow these
three easy steps in order to ensure quick processing:

 1. Log onto the website:   https://www4.rsweb.com/61045/# or call the
Benefits Service Center at 713.853.7979.

 2. Enter your SSN and your Personal Identification Number and click on "Loan
Information" to see the amount available.
 If you wish to request a loan, click on "Loan Modeling/Request" and follow
the instructions.

 3. Checks will be mailed from Northern Trust in Chicago  on June 27 for
loans requested the week of June 18 - June 22  and on July 5 for loans
requested June 25 - June 29.

NOTE:  The IRS restricts Hardship Withdrawals to specific circumstances
outlined in the Money-in-Motion guide on the benefits website.
Unfortunately, while we know the flood has imposed hardships on many of you,
these circumstances do not qualify for a withdrawal.


eSource presents Free Lexis-Nexis Basic Training  for all Enron employees outside the Houston office.  Using Placeware, an interactive web learning tool, you can participate in this training session from anywhere in the world.

June 12          8:00-9:00 CST
June 12 	 3:00 -  4:00 CST

Basic

Lexis-Nexis Basic is geared to the novice or prospective user.  You will learn the basics of getting around nexis.com and of the news and company information available on Lexis-Nexis.

Please RSVP to Stephanie E. Taylor at 713-345-7928 or stephanie.e.taylor@enron.com.
We will email you instructions for Placeware.

Check the eSource training page at http://esource.enron.com/training.doc for additional training sessions and vendor presentations.

http://esource.enron.com


looks good


ok next week

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 1:51 PM
To:	Maggi, Mike
Subject:	RE:

i tried for the bar and i got shot down, but you can buy me a birthday drink next week.  i am sad.  i would rather work than got to conroe.  i would love to get on a plane and leave and never come back.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 1:50 PM
To:	Nelson, Michelle
Subject:	RE:

lets just try for the bar first

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 1:50 PM
To:	Maggi, Mike
Subject:	RE:

ok so let me know what time i need to be at the airport.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 1:49 PM
To:	Nelson, Michelle
Subject:	RE:

absolutely

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 1:48 PM
To:	Maggi, Mike
Subject:

can we go to new york tonight?


Please coordinate with Sharon.

 -----Original Message-----
From: 	Crawford, Sharon
Sent:	Friday, September 28, 2001 2:15 PM
To:	'ferickson@cal.stikeman.com'; Taylor, Mark E (Legal)
Subject:	Trading Regulations

Peter Keohane has requested that I set up a conference call (Keohane/Erickson/Taylor) to discuss the limit order system in Canada and regulatory implications for EOL.

Peter's availability is as follows:

Monday, Oct. 1 between 2 p.m. and 5 p.m. (Calgary time); or
Tuesday, Oct. 2 between 10 a.m. - 12 p.m. (Calgary time); or
Tuesday, Oct. 2 between 3 p.m. - 5 p.m. (Calgary time).

Please advise whether you are available for any of these times.

Thank you,

Sharon Crawford
Administrative Coordinator
Legal Department
Enron Canada Corp.
3500, 400 - 3rd Avenue S.W.
Calgary, Alberta  T2P 4H2
Phone:	(403) 974-6726
Fax:	(403) 974-6707
E-mail:	sharon.crawford@enron.com


Dave and Scott,

I saw an article mentioning that EPA published a draft guidance (66 Fed. Reg. 52,403) clarifying the definition of "stationary source" to allow heat/power co-generation facilities to be treated as separate sources from the underlying host facility (e.g., a manufacturing plant) for NSR purposes.

Although the focus of the draft guidance is on cogeneration facilities, I suppose that there might be some general language in there that could clarify the single-source analysis as it pertains to the ancillary equipment at our plants for which no separate BACT analysis was done.  Are either of you familiar with the new draft guidance (or with anything else that we could use to bolster our position on this issue)?

Many thanks,

Ryan

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Start Date: 12/23/01; HourAhead hour: 21;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122321.txt


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