Enerfax GOLD
NORTH AMERICA'S FREE? GAS, OIL, LIQUIDS & DERIVATIVES
INFORMATION SOURCE
   Wednesday, January 2, 2002? No. 453
Visit our website at: http://www.enerfaxgold.com/,

PETROLEUM PRICES ???
| Bonny Light      |  $19.93
| Brent            |  $19.75
| Butane           |  $ 0.38
| Fuel Oil #2      |  $ 0.56
| Louisiana        |  $20.75
| Medit.           |  $19.40
| Propane Non-tet  |  $ 0.34
| Propane Wet-tet  |  $ 0.34
| W. Tx Int Cush   |  $20.43
| W. Tx Sour       |  $18.83

| Euro in US equiv |  0.8838
-------------------------------------------------------------
Todays Petro Bulletins
 * Baker Hughes Says Number of Rigs Searching for Oil and Natural Gas
in US Rose by 5 to 887 Last Week Compared to 1,114 a Year Ago; Canada
Down 94 to 198, Compared to 322 Last Year; Gulf of Mexico Gained 11
to 119 Compared to 145 a Year Ago; Rigs Searching for Oil Down 3 to
137
 * Justice Department and EPA Order $340 Million California Superfund
Cleanup
 * Fitch Lowers Ultramar Diamond Shamrock's Ratings to `BBB-'
from `BBB'; Affirms Valero Energy
 * S&P 500 Index Down 12.4% for 2001
 * US Economy on Sounder Footing for 2002
 * Goldman Sachs Cuts Estimates on Several Energy Stocks; Forest Oil
Fiscal Year 2002 Earnings Cut to $0.51 per Share, Down from $0.59
 * Iran Seeks to Seal Phases 9 & 10 of South Pars Natural Gas Deals
in January
 * Norway Says It Will Cut 150,000 bpd
 * Gulf Arabs Appeal for Calm in India and Pakistan
-------------------------------------------------------------
NYMEX - NY Harbor Heating Oil? ? ? ? ? ?
Month ??High ??Low? ? Last ? Change
Jan 02 0.5900 0.5650 0.5665 +0.0000
Feb 02 0.5960 0.5690 0.5705 +0.0000
Mar 02 0.5925 0.5660 0.5690 +0.0000
Apr 02 0.5810 0.5640 0.5640 +0.0000
May 02 0.5810 0.5580 0.5580 +0.0000
Jun 02 0.5745 0.5590 0.5590 +0.0000
Jul 02 0.5860 0.5640 0.5640 +0.0000
Aug 02 0.5795 0.5705 0.5705 +0.0000
Sep 02 0.5955 0.5785 0.5785 +0.0000
Oct 02 0.5990 0.5870 0.5870 +0.0000
-------------------------------------------------------------
NYMEX Crude Oil Futures ($ / Barrel)
Month ?Open ?High ??Low ?Last  Change
Feb 02 21.22 21.38 20.38 20.41 -0.49
Mar 02 21.53 21.60 20.62 20.66 -0.48
Apr 02 21.64 21.64 20.80 20.80 -0.44
May 02 21.15 21.55 20.91 20.93 -0.41
Jun 02 21.72 21.80 21.00 21.00 -0.40
Jul 02 21.75 21.75 21.01 21.01 -0.40
Aug 02 21.79 21.79 21.04 21.04 -0.40
Sep 02 21.63 21.63 21.07 21.07 -0.40
Oct 02 21.35 21.35 21.10 21.10 -0.73
Nov 02 00.00 00.00 00.00 21.13 ?0.73
-------------------------------------------------------------
Crude Oil Futures Slide Despite OPEC Cut

    Crude oil futures for February delivery on the NYMEX lost $0.49
to $20.41 per barrel on Friday, despite OPEC's official announcement
of a 1.5 million bpd cut in production after other producers agreed
to slice 462,500 bpd from their combined output. Crude oil prices
rose to $21.38 per barrel but then slumped after OPEC's president
said the cartel would be happy with anything above $20 per barrel for
Brent crude. However many doubt not only the cartels ability, but the
strength of commitment by non-members to stick to their lower
production quotas. The OPEC countries with quotas pumped 600,000 over
their limits in November. But Nigeria was responsible for half of the
cheating, producing 300,000 barrels over its quota. Nigeria's OPEC
representative is slated to become the cartel's new president on
January 1st, effectively putting pressure on the country to adhere to
its limits. Some positive news for the market was found as consumer
confidence posted its biggest gain in almost 4 years, home sales
climbed and unemployment rates stabilized. Heating oil futures for
January delivery on the NYMEX declined $0.0015 to $0.5665 per gallon.
January gasoline futures on the NYMEX fell $0.0071 to $0.5856 per
gallon. In London, Brent crude oil futures for February delivery on
the IPE were down $0.04 to $20.30 per barrel.
-------------------------------------------------------------
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-------------------------------------------------------------
NYMEX Henry Hub Natural Gas Futures
12 Month Strip ?2.9464  +0.1528? ? ? ?
18 Month Strip ?3.0296  +0.1073? ?
| Month | High  |  Low  | Close | Change |
| FEB   | 2.780 | 2.680 | 2.774 | +0.155 |
| MAR   | 2.755 | 2.695 | 2.746 | +0.116 |
| APR   | 2.730 | 2.670 | 2.724 | +0.094 |
| MAY   | 2.780 | 2.700 | 2.769 | +0.088 |
| JUN   | 2.830 | 2.765 | 2.824 | +0.084 |
| JUL   | 2.875 | 2.820 | 2.870 | +0.082 |
| AUG   | 2.916 | 2.880 | 2.916 | +0.083 |
| SEP   | 2.930 | 2.919 | 2.919 | +0.076 |
| OCT   | 2.950 | 2.930 | 2.947 | +0.069 |
| NOV   | 3.140 | 3.120 | 3.135 | +0.067 |
| DEC   | 3.350 | 3.310 | 3.323 | +0.065 |
| JAN   | 3.419 | 3.400 | 3.410 | +0.062 |
-------------------------------------------------------------
Refining Margins Forecast to Shrink in 2002

    Oil refiners around the world will likely experience shrinking
profit margins in 2002 as a global economic slump has sharply lowered
demand. The US, Asia and Northwest Europe all have a hefty oversupply
of oil inventories. Refinery runs can be expected to stay 10% - 50%
below capacity in Asia. Although the percentage may not be as quite
as dismal in Europe and the many still expect lower refinery profits
for early 2002 and possibly for most of the year on both continents.
Asia's margins were mostly negative this year while US margins hit $6-
$9 per barrel early in 2001 but fell to $3 - $4 per barrel later in
the year. European margins were mostly unchanged at an average of
about $2.00 per barrel. In Northwest Europe, refiners' profits depend
on how US gasoline prices fare, as a large portion of Europe's
surplus gasoline is exported across the Atlantic. Northwest European
refiners have cut up to 20% of runs in the last month. On average for
2001, margins for Northwest Europe refineries running Brent crude are
estimated to be less than $2.00 per barrel, below the $3.00 average
for 2000, but well above the $1.20 per barrel Northwest European
margins of 1999.
-------------------------------------------------------------
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-------------------------------------------------------------
Oilfield Services Most Volatile Stocks in Energy Sector

    Oilfield service stocks, which often climb or fall by 5% or more
one day, then swing in the other direction the next day, are the most
volatile group within the energy sector. Energy stocks are among the
most unpredictable in the US stock market, shifting along with oil
and natural gas prices that can soar or sink with a sudden change in
the weather. In the category of energy stocks, oilfield services can
be the most unstable because their earnings are tied to the ups and
downs of drilling activity. When companies lower their drilling
activity, equipment and service companies do not get hired but still
have many fixed costs. The upstream oil and natural gas exploration
and production business is the next most volatile sector of the
energy industry, with integrated oil companies being the most stable
because their refining and marketing operations can counteract their
upstream business. In 1998 oil prices dropped from $17.60 to about
$12 and the Philadelphia stock exchange's oil service index fell 55%
while the S&P oil and gas exploration and production index tumbled
39%. The S&P index of integrated oil companies climbed 6% that year.
The next year, oil prices rebounded to $25.60 per barrel and oil
service stocks jumped by 67%, the upstream sector rose 17% and
integrated oils increased 15%. Last year, contrary to the law of
averages, natural gas prices sky-rocketed to $9.80 per Mcf and
upstream endeavors gained 57% while oil services rose 45% and
integrated oils climbed 6%. In a stock rating system, values above 1
indicate greater risk for volatility, values below 1 show lower than
average volatility. Several oil field service companies have ratings
as high as 1.7, while ExxonMobil is rated 0.4. Some analysts say that
investors could see a potential upside next year by moving away from
the relative safety of the major integrated oil companies towards
more volatile energy stocks.
-------------------------------------------------------------
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------------------------------------------------------------
Judge Recuses Himself in Unocal Patent Case

Unocal has said that a US District Court Judge recused himself from
the case involving infringement on the its '393 gasoline patent due
to his discovery that he had a financial interest in one of the
parties involved. The case will be returned for reassignment. In
October, the judge granted the company's motion for summary judgment
requesting an accounting of infringement of its '393 cleaner burning
gasoline patent by 5 refiners. However, a written judgment had not
been issued. Further proceedings in the case will now be considered
by the new judge. The defendants in the case are Atlantic Richfield,
Chevron, Texaco, Exxon, Mobil and Shell. In 1997, a jury found the
Unocal patent valid and that the defendants had infringed upon it in
their refining processes. The jury awarded damages of $0.0575 per
infringing gallon. Unocal received a payment of $69 million plus
accrued interest and some attorneys' fees in June 2000 for
infringement from March through July, 1996. About 29% of the RFG
gasoline manufactured by the defendants during that period infringed
on the '393 patent. The jury decision was upheld by an Appeals Court
in May 2000. In February of 2001, the Supreme Court declined to hear
the case. License agreements have been signed with 8 companies for
the 5 patents that Unocal holds for cleaner burning gasoline
compositions. Earlier this year, Unocal introduced a uniform
licensing program that specifies a range of between $0.12 and $0.34
per gallon for volumes that fall under the Unocal patents. The rate
per gallon is reduced as more utilization occurs.
------------------------------------------------------------
IPE-Brent Crude futures (US $/barrel)
Month ?First ?High ?Low ??Sett ?Chg
FEB 02 20.70 20.90 20.25 20.30 ?0.04
MAR 02 20.25 20.48 19.85 19.89 -0.12
APR 02 20.28 20.43 19.86 19.88 -0.13
MAY 02 20.36 20.41 19.92 19.92 -0.14
JUN 02 20.38 20.58 20.01 20.01 -0.15
JUL 02 20.44 20.44 20.08 20.08 -0.18
AUG 02 20.13 20.13 20.13 20.13 -0.19
SEP 02 20.64 20.65 20.18 20.18 -0.20
OCT 02 20.23 20.23 20.23 20.23 -0.21
NOV 02 20.28 20.28 20.28 20.28 -0.20
-------------------------------------------------------------
NYMEX-Mont Belvieu Propane
Gas Futures($ / Gallon)
Month ? ?High ??Low ??Last ? Change
JAN 02 0.3400 0.3400 0.3400 +0.0000
FEB 02 0.3420 0.3420 0.3420 +0.0000
MAR 02 0.3400 0.3400 0.3400 +0.0000
APR 02 0.3390 0.3390 0.3390 +0.0000
MAY 02 0.3415 0.3415 0.3415 +0.0000
JUN 02 0.3425 0.3425 0.3425 +0.0000
JUL 02 0.3485 0.3485 0.3485 +0.0000
AUG 02 0.3560 0.3560 0.3560 +0.0000
SEP 02 0.3660 0.3660 0.3660 +0.0000
OCT 02 0.3660 0.3660 0.3660 +0.0000
-------------------------------------------------------------
ENERGY JOB LISTINGS
Whether you are actively looking for a job, or want to explore
opportunities in the energy industry, go to
http://www.energyjobs.com. At Energyjobs.com, your job hunting is
made easy, convenient and confidential. Conduct your own search or
participate in our Job Match feature, which accurately matches ?your
qualifications, experience and requirements to any new job that
appears, and then sends you an e-mail notification! Best of all,
membership > is FREE. To register and become a member, simply go to
http://www.energyjobs.com/jobseeker_registration_frm.html
-------------------------------------------------------------
IPE - ARA Gas Oil Futures $ / Tonne
Month ??High ??Low ???Sett ?Change
JAN 02 177.00 169.00 169.50 - 4.50
FEB 02 178.00 172.25 172.25 - 3.00
MAR 02 178.25 172.75 172.75 - 3.00
APR 02 178.00 173.50 173.50 - 2.75
MAY 02 175.00 174.00 174.00 - 3.00
JUN 02 179.75 175.00 175.00 - 3.25
JUL 02 176.50 176.50 176.50 - 3.25
AUG 02 178.00 178.00 178.00 - 3.25
SEP 02 184.00 179.75 179.75 - 3.25
OCT 02 181.50 181.50 181.50 - 3.25
-------------------------------------------------------------
NY HARBOR UNLEADED GAS FUTURES
Month? ?High ? Low ???Last ??Change
Jan 02 0.6070 0.5770 0.5856 +0.0000
Feb 02 0.6150 0.5830 0.5883 +0.0000
Mar 02 0.6220 0.5960 0.5983 +0.0000
Apr 02 0.6820 0.6588 0.6588 +0.0000
May 02 0.6680 0.6628 0.6628 +0.0000
Jun 02 0.6670 0.6613 0.6613 +0.0000
Jul 02 0.6745 0.6545 0.6545 +0.0000
Aug 02 0.6645 0.6450 0.6450 +0.0000
Sep 02 0.6525 0.6305 0.6305 +0.0000
Oct 02 0.6140 0.6065 0.6065 +0.0000
--------------------------------------------------------------
Get familiar with oil-gasoline.com, inc. This web site ranks
among the favorite sites for petroleum company executives.
In 2002, the corporation plans to run an interactive crude
oil model to provide the latest status of world-wide supply
and demand. You will want to bookmark this one!
-------------------------------------------------------------
ExxonMobil May Withdraw Bid for China Pipeline Project

    ExxonMobil is considering pulling out of talks to build a $5
billion natural gas pipeline in China. The withdrawal would leave
Royal Dutch/Shell Group as the only major foreign oil company taking
part in the project and may affect its funding. The 4,000-kilometer
pipeline, China's longest, is part of a $14 billion plan to transport
reserves in the northwestern province of Xinjiang to Shanghai.
-------------------------------------------------------------
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-------------------------------------------------------------
PHYSICAL GAS PRICES? ? ?
Gulf/Eastern Region
| Agua Dulce              | 2.44  |
| ANR SE                  | 2.59  |
| Carthage TG             | 2.53  |
| Chicago Citygate        | 2.70  |
| Columbia Gulf Onshore   | 2.67  |
| Dominion South Point    | 2.80  |
| Henry Hub               | 2.64  |
| Houston Ship Channel    | 2.59  |
| Katy Hub                | 2.53  |
| NGPL LA Pool            | 2.57  |
| NGPL - Midcontinent     | 2.51  |
| NGPL STX                | 2.49  |
| NGPL TX/OK              | 2.53  |
| NNG Demarc.             | 2.58  |
| Niagara                 | 2.89  |
| Sonat Tier 1            | 2.60  |
| TCO IPP Pool            | 2.76  |
| Tetco ELa               | 2.57  |
| Tetco M-3               | 3.20  |
| Tetco STX               | 2.44  |
| TGP Zone 0              | 2.48  |
| TGP Zone 1 (500 Leg)    | 2.59  |
| TGT Zone SL             | 2.64  |
| New York Citygate       | 3.46  |
| Transco Station 65      | 2.66  |
| Transco Zone 6 (NY)     | 3.47  |
| Trunk ELa               | 2.59  |
| Western Region
| California Border       | 2.47  |
| El Paso Keystone        | 2.34  |
| El Paso San Juan-Blanco | 2.32  |
| Waha Hub                | 2.46  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.57  |
| Dawn Hub/Union          | 2.81  |
| Northwest Stanfield     | 2.37  |
| Wyoming Pool            | 2.24  |
| Opal/Kern River         | 2.26  |
| PGT-Malin               | 2.42  |
| Sumas                   | 2.34  |
        Flow Dates 12/29-31
-------------------------------------------------------------
Judge Recuses Himself in Unocal Patent Case

Unocal has said that a US District Court Judge recused himself from
the case involving infringement on the its '393 gasoline patent due
to his discovery that he had a financial interest in one of the
parties involved. The case will be returned for reassignment. In
October, the judge granted the company's motion for summary judgment
requesting an accounting of infringement of its '393 cleaner burning
gasoline patent by 5 refiners. However, a written judgment had not
been issued. Further proceedings in the case will now be considered
by the new judge. The defendants in the case are Atlantic Richfield,
Chevron, Texaco, Exxon, Mobil and Shell. In 1997, a jury found the
Unocal patent valid and that the defendants had infringed upon it in
their refining processes. The jury awarded damages of $0.0575 per
infringing gallon. Unocal received a payment of $69 million plus
accrued interest and some attorneys' fees in June 2000 for
infringement from March through July, 1996. About 29% of the RFG
gasoline manufactured by the defendants during that period infringed
on the '393 patent. The jury decision was upheld by an Appeals Court
in May 2000. In February of 2001, the Supreme Court declined to hear
the case. License agreements have been signed with 8 companies for
the 5 patents that Unocal holds for cleaner burning gasoline
compositions. Earlier this year, Unocal introduced a uniform
licensing program that specifies a range of between $0.12 and $0.34
per gallon for volumes that fall under the Unocal patents. The rate
per gallon is reduced as more utilization occurs.
------------------------------------------------------------
?Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar
Gina Patrick

Phone: 281-362-7979
FAX: 281-296-9922
-------------------------------------------------------------
Oilfield Services Most Volatile Stocks in Energy Sector

    Oilfield service stocks, which often climb or fall by 5% or more
one day, then swing in the other direction the next day, are the most
volatile group within the energy sector. Energy stocks are among the
most unpredictable in the US stock market, shifting along with oil
and natural gas prices that can soar or sink with a sudden change in
the weather. In the category of energy stocks, oilfield services can
be the most unstable because their earnings are tied to the ups and
downs of drilling activity. When companies lower their drilling
activity, equipment and service companies do not get hired but still
have many fixed costs. The upstream oil and natural gas exploration
and production business is the next most volatile sector of the
energy industry, with integrated oil companies being the most stable
because their refining and marketing operations can counteract their
upstream business. In 1998 oil prices dropped from $17.60 to about
$12 and the Philadelphia stock exchange's oil service index fell 55%
while the S&P oil and gas exploration and production index tumbled
39%. The S&P index of integrated oil companies climbed 6% that year.
The next year, oil prices rebounded to $25.60 per barrel and oil
service stocks jumped by 67%, the upstream sector rose 17% and
integrated oils increased 15%. Last year, contrary to the law of
averages, natural gas prices sky-rocketed to $9.80 per Mcf and
upstream endeavors gained 57% while oil services rose 45% and
integrated oils climbed 6%. In a stock rating system, values above 1
indicate greater risk for volatility, values below 1 show lower than
average volatility. Several oil field service companies have ratings
as high as 1.7, while ExxonMobil is rated 0.4. Some analysts say that
investors could see a potential upside next year by moving away from
the relative safety of the major integrated oil companies towards
more volatile energy stocks.
-------------------------------------------------------------

Energy Sponsor

Become the Official Sponsor of the Enerfax Publications.? This unique
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-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community
on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org

-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 added 24.39 points to 7674.97
The CRB Index lost 0.16 points to 191.91
The US Dollar dropped 0.23 points to 117.26
The Dow advanced 5.68 points to 10136.99
The S&P 500 climbed 3.89 points to 1161.02
The Nasdaq was up 10.84 points to 1987.26
February NYMEX Crude Oil fell 0.49 to 20.41
Canadian-US Exchange rose 0.0021 to 1.595
-------------------------------------------------------------
Please Welcome Our Advertisers by Visiting These Websites!
http://www.fea.com/
http://www.kwi.com/
http://www.capacitymap.com/
http://www.energyseminars.com
http://www.energyjobs.com
Enerfax Gold is the North America's Gas, Oil, Liquids and Derivatives
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For information on advertising, please write advertising@enerfax.com

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


As usual, the lawyers are the last to know.

Stuart is working on a transaction to sell the asset (Gleason), and therefore
this ageement needs to be documented asap, which means in the next few days.
Please review the attached and give me a call.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 09:52
AM ---------------------------

	Enron North America Corp.

	From:  Mitch Robinson                           11/09/2000 06:05 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: SWPC Agreement

Kay -

I've reached a verbal agreement with Westinghouse on the LD issues.  I've
attached a letter outlining the agreement.  Could you review from a legal
standpoint?  Call me with questions.

Thanks,

Mitch


Julia,

Congratulations. Well deserved.

Vince


Please schedule 30 minutes with Laurel to discuss her email to me re:  web
based confirms.

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


Don,

Howdy,  Yes I am going to Miami.  How could i not go!  I still cant believe
it actually.

Sorry I 've dropped the ball on setting up a meeting with your company.  I
did talk with  Cindy Olson, HR - EVP and she would like to meet.  I just
forgot after our last exchange.  Please send me back and email with your
telephone number and I'll have Cathy Phillips my assistant set up a meeting.

Thanks,
m

"Daniel, Don" <ddaniel@nexstarhome.com> on 12/05/2000 04:12:37 PM
To: "'mike.mcconnell@enron.com'" <mike.mcconnell@enron.com>
cc:
Subject:

 Hi Mike, Hope all is well and hope that you were able to spend a
little time at home over the holidays.Congrats on the Sooners season, what
an exciting year with one big game to go. Are you going to Miami? Spoke with
Brenda last night and she said they had a great time at the big 12
championships and are planning to go to Miami for the National Championship
game. Sure wish my Horns were going, I guess we have to settle for another
sunny, San Diago. I here we are having Duck(OREGON) for dinner. Good luck in
Miami, I will be rooting for your Sooners (that's hard to say). Give me a
call when you get a chance so we can follow up on Enron and Nexstar
opportunities. Thank.  Hook-em, Don


I've made a change to a LTNW deal, per Mike Driscoll and John Malowney,
because it was entered against the wrong index yesterday. Cara asked me to
e-mail you with the specifics for any scheduling adjustments that need to be
made. And here they are -

563929 - KILLED

476578 - Legs 4, 5, and 6 added to extend deal through April

Because this is an index-forward deal, it needed to be entered against the
on-peak, off-peak, and Sunday indices, which explains the three new legs. Let
me know if you have any questions.

Kate


Calpine reduced their purchase price because the turbine contract for Pastoria was overpriced by $9.9MM, the amount of the Catalytica credit.

A brief confusing history as I understand it...ENA East and West jointly owned the Catalytica equity account in 1999.  It was written up based on expectations of an IPO value.  At 12/99 it transferred to West Power because Catalytica entered into an agreement with Pastoria to provide the Project with its Zonon technology.  This agreement included a commitment from GE to do research/work in order to use the Catalytica technology on GE turbines.  The cost of this ($9.9MM) was added to the Pastoria turbine contract.

In Feb 2000,  when I arrived in Portland, I had the Catalytica account transferred to the Portfolio because I thought it was overvalued with little synergies with ENA West Power.  In mid-2000 the agreement was restructured in order to "clean up" Catalytica so it could IPO.  At that time, Enron was credited back the $9.9MM from Catalytica and it was decided by Delainey that that amount should be split 2/3-Pastoria and 1/3Catalytica Equity, with the 2/3 going to ENA West Power upon the sale of Pastoria.  Pastoria did not get the full $9.9MM back because we benefited somewhat from favourable publicity and some interest savings.

At this time, since there is no funds transfer, I believe it simply becomes an internal income transfer from the Merchant Portfolio to ENA West Power.

Louise Kitchen
03/22/2001 08:33 AM
To:	Christopher F Calger/PDX/ECT@ECT
cc:
Subject:	out of interest

what happens under the Pastoria deal to the Catalytica credit - did it go to Calpine or are you using it in the other turbine purchases?


I was thinking about trying to play Memorial tomorrow early afternoon.  Let me know if you have any interest


ADDITIONAL INTERVIEWER PARTICIPATION IS REQUESTED FOR OCTOBER 28 & NOVEMBER
4.

Also, please note the school/date changes (in red).  This change was
necessary due to the number of candidates participating in Super Saturday.
If you have a change in your participation as a result of the date change,
please contact John Harrison, ext. 3-7811 for revisions.

Thank you
Shelly Jones

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

Enron Managing Directors, Vice Presidents, Directors, and Managers  Who
Utilize the Associate/Analyst Pool

As a follow up from a "SAVE THE DATE"  email regarding your participation in
the  Associate and Analyst  Super Saturday process, now is the time to select
your dates to attend and participate.

Below are the dates for Super Saturday weekends during the upcoming
recruiting season.  If you are Houston-based or if you know you will be in
Houston on business at the appropriate times please click the link below to
volunteer.

http://axis.enron.com/notice/ssinvite.asp
(When selecting dates please avoid selecting to interview candidates who
attend the schools for which you are a team member.)

Associates     Analysts
October 27-28, 2000    November 3-4
Thunderbird, UT, Georgetown, Rice  Rice, UT, Baylor, A&M, OU, Florida, LSU,
UHCL

November 10-11, 2000    November, 17-18, 2000
Columbia, Stern NYU, UCLA, Darden, Cornell Penn, UVA, Vanderbilt, Michigan,
Howard, AUC,
Vanderbilt, Michigan    UHMain and Clear Lake, LSU

December, 1-2, 2000    December 8-9, 20000
Chicago, Kellogg, Harvard, Wharton, MIT Wellesley, overflow and re-schedules
from previous s/s
-
Friday, December 15, 2000
Carnegie Mellon
Yale off-cycle candidates

Thank you for your support of the Associate and Analyst Programs.
Shelly Jones
Recruiting Manager


actually it is 382 per pay period

 -----Original Message-----
From: 	Parra, Veronica
Sent:	Tuesday, November 06, 2001 1:43 PM
To:	Cuilla, Martin
Cc:	Alvarez, Irma
Subject:	DIRECT DEPOSIT CONFIRMATION

SAP/TPC CONFIRMATION NOTICE

This notice is to confirm the following
transaction(s) have been completed in SAP:

Name			Info Updated

Martin Cuilla		Direct Deposit - Cancel ($328.00 per pay period).  100%  to your main bank as of 11/1/01

HR SERVICE CONNECTION


----- Forwarded by Tana Jones/HOU/ECT on 05/12/2000 02:45 PM -----

	Tana Jones
	05/12/2000 02:18 PM

		 To: jgatto@aet.hersystems.com
		 cc: Teresa Smith/Corp/Enron@Enron, Mark Taylor/HOU/ECT@ECT
		 Subject: Aether Systems-Revised NDA

Theresa Smith forwarded your comments to the NDA to me.  I ran them by Mark
Taylor, an attorney in our Legal Dept., and am attaching a clean and
blacklined draft reflecting the changes we were able to make.

If your lawyer needs to talk to Mark directly his phone no. is (713)
853-7459.  I am a paralegal in his group and if you would like to get in
touch with me my phone no. is (713) 853-3399.  We look forward to hearing
from you.


i spoke with frank fields at williams about the make-up gas from June 4.  he ask where we needed it and i told him i would have to get back to him.  he said just have you call jeff (william's scheduler) about it tomorrow morning and they will buy the gas tomorrow for wed's gas day.

i am still following up with cinergy/apache regarding the make-up gas.  i'll let you know what happens.

chris talked with lyn at txu.  lyn says sid rich or oasis into lonestar would be good points.

thanks
robin


Hello Shmuel,

Thanks for your message. The end of 2000 and the beginning of 2001 were
extremely busy
and I could not focus on PSERC issues. I shall consult a few people in Enron
on this subject and get in
touch with you. Our concern right now is that the results of research are
widely shared with
our competition.

I am out on the 19th, but the 20th would work for me. I would be glad to
cover the cost of your Austin
to Houston trip.

Regarding your son. The Analyst / Associate program will interview again on
the campus
in the spring and they will be more than happy to interview him.

"Shmuel Oren" <oren@ieor.berkeley.edu> on 12/19/2000 01:40:02 PM
To: <vkamins@ect.enron.com>
cc: "Dennis Ray" <djray@engr.wisc.edu>, <Lance.Cunningham@enron.com>,
<Alex.Huang@enron.com>
Subject: Fw: PSERC nuggets related to market Stem

Hello Vince
Happy Holidays.
I wanted to connect with you regarding the possibility of Enron Joining
PSERC. As you might have heard from Lance and Alex we are going through a
transition period having doubled the number of universities and industry
members within the last year. Consequently, our business processes are not
well developed. One of the problems we are facing is the balance between the
electrical engineering folks and industry members that are more interested
in market related research. I hope to recruit more of the later so tat we
have more of a constituency in the Advisory Board  that sees the value of
market related research. I already have a verbal commitment from people at
Electrabell that expressed interest in joining PSERC. With members like
Electrabell and Enron we will be able to support more market Stem projects
such as the one that Shijie Deng proposed (not funded in this round). Please
let me know if I can do anything to facilitate the decision at Enron. I am
going to be in Austin on January 19 to participate at a PUCT hearing and
could come through Huston for a visit. Attached are some items that I shared
with our PSERC members and thought that you might be interested in them as
well.
Regards, Shmuel.

----- Original Message -----
From: "Shmuel Oren" <oren@ieor.berkeley.edu>
To: "Power Systems Engineering Research Center" <PSERC-L@cornell.edu>
Sent: Tuesday, December 19, 2000 9:47 AM
Subject: Re: PSERC nuggets related to market Stem

> The following are 3 items that demonstrate the impact of PSERC research in
> the market stem area.
>
> 1. On December 12,  I (Shmuel Oren) testified at a hearing in San
Francisco
> before the Blue Ribbon Panel (chaired by Alfred Kahn) for the that is
> investigating the implications of Uniform Price vs. Pay as Bid Auctions in
> the California PX . As part of my testimony I presented a movie produced
by
> Tim Mount and Bob Thomas that show results of an experimental economic
study
> showing how bidders respond by raising their bids in a pay as bid auction.
> Following is an acknowledgement I received.
>
> Dear Shmuel:
>
>
> Thank you for attending the Blue Ribbon Panel this past Tuesday in San
> Francisco.  Your presentation was very informative and valuable to all the
> panel members and other participants.  The Panel greatly appreciates your
> involvement in this important project.
>
>
> Thanks again,
> Natalie Efland
>
>
> 2. A recent E-mail from the Texas PUC
>
> Professor Oren, I hope you and your family are doing well.  We are
seriously
> considering your help and advice to facilitate the Commission's final
> decision regarding retail competition in ERCOT.
>
>  I wanted to let you know that ERCOT Stakeholders filled an Application
for
> Approval of the ERCOT Protocols in November.  We received Comments
including
> List of Issues on November 22 and Reply Comments on December 1.  Staff
will
> draft and submit a Preliminary Order to the Commissioners for their
> discussion on December 13.  There will be a Pre-hearing on December 15
when
> parties will be asked to brief the Commission on list of issues by the end
> of first week in January.  There will be a Hearing on January 16 followed
> with another Hearing if needed.  Parties have asked the Commission to
> finalize its decision by mid March.
>
> To give you some more background, I have to mention that almost most of
your
> suggestions were accepted and will be reflected in the final Protocols,
> except for problems with intra-zonal gaming regarding congestion
management
> and Pay-As-Bid compensation for selected ancillary services.  A few
> additional concerns are raised regarding ancillary services and congestion
> management.  Stakeholders are still working toward more load participation
> in ERCOT market.  However, the main problem is the fact that market (pilot
> that covers 100% of wholesale, but only 5% of retail load) will be open on
> June 1, 2001 based on a version of the Protocols locked on August 1, 2000.
> (That was the deadline for ERCOT to give a final design to Anderson
> Consulting.)  That version does not include some of your recommendations
to
> address market design flaws.  The full version is highly possible to be
> implemented by January 1, 2002 when market for 100% retail competition is
> scheduled to open.  Given this gap, some parties have recommended not to
> implement incomplete Protocols and wait for full implementation by January
> 2002.  In other words, they say let's go ahead with 5% pilot retail load,
> but wait for full design implementation before allowing 100% wholesale
load
> (and retail load) be subject to the rules of the game described in the
final
> Protocols.
>
> Thanks.
>
> Parviz Adib, Ph. D.
> Director of Market Oversight Division
> Public Utility Commission of Texas
> 1701 N. Congress Avenue
> P.O. Box 13326
> Austin, Texas 78711-3326
> Ph. No.: 512-936-7365
>
> 3. The following is a segment from a published summary of the Dec 13 PUCT
> hearing. This segment describes the commision's deliberation on an agenda
> item addressing the possibility of instituting price caps as part of the
> ERCOT protocols. (see reference to my involvement in the next to last
> paragraph)
>
>   Docket No. 23220 - Petition of the Electric Reliability Council of Texas
> for Approval of the ERCOT Protocols.  (Discussion and possible action)
> Parviz Adib, Jess Totten, Keith Rogas, and Tammy Cooper
> Chairman Wood turned to page 2 item number 3 of the draft order
identifying
> issues, recommending that the word "including" be changed to "other than"
in
> the parentheses.  He thinks they know the ups and downs of the two
> mechanisms, which are bid caps and price caps, but would not mind having
> parties focus on what other protections might be used.  Commissioner Walsh
> would say "including, but not limited to" because she does not think it is
a
> bad idea for ERCOT to at least consider in their protocols a fail-safe
> mechanism.  It's kind of like the stock market suspending trading when
> something crazy happens.  They could consider a maximum scenario, such as
> "we don't think this will ever happen but if it does we need to muffle
it",
> whether it is $1,000 or $99 or whatever it is.  They could consider
whether
> to put into the protocols a self-enacting price cap.  While not expecting
it
> to happen, if it did, you don't have to declare it an emergency and have
the
> Commission have to act.  Chairman Wood asked if they could leave the
> question without the parenthetical at all and just say "what protections
> should be added to avoid extreme price spikes."  Commissioner Walsh
> reiterated that she wants ERCOT to think about the unlikely possibility of
> unacceptable price spikes.  She would like for them to have their own
> fail-safe mechanism that is self-initiating as opposed to leaving that to
> having someone have to come in and act.  Commissioner Perlman stated that
he
> thinks the California-type price caps is what the concern is about.  He
> thinks everyone in this state is opposed to those, but he thinks the point
> Commissioner Walsh is making is an interesting one.  He had not thought
> about the circuit breaker idea, and it might have some merit.  He agreed
> that it was worth considering something like that.  Then the question
> becomes what the level is.  Chairman Wood suggested the wording "what
> self-implementing protections should be added to avoid the price spikes.
> Commissioner Perlman said he did not think anyone is talking about $250
> price caps.  Commissioner Walsh agreed, but noted that if the unexpected
> happens we should be prepared.  Commissioner Perlman indicated that if
> someone is making $10,000 in one particular hour that it probably does not
b
> enefit the market and is probably a windfall to them.  It is not something
> they would normally put in their business plan for determining whether
they
> are going to build a plant in Texas.  Chairman Wood stated that they want
to
> lean toward the market as heavily as they can on these issues.
>
> Chairman Wood noted that some of these issues date back to when Dr. Oren
was
> assisting the Commission, and asked if he could be brought back again.
> Staffer Dr. Parviz Adib said that staff had already talked to Dr. Oren and
> that he is available to assist the Commission further.  Chairman Wood
noted
> that Dr. Oren had helped people think outside the box without just
focusing
> on California.
>
> The final wording was clarified to state "self-implementing mechanisms"
and
> to delete the parenthetical part of the sentence in question.  The order
was
> approved as amended.
>
>
>
>
>
>
>
>
>
>
>


(See attached file: hpl0923.xls)

 - hpl0923.xls


fyi

-----Original Message-----
From: Michael S. Richards [mailto:msrichards@duke-energy.com]
Sent: Wednesday, March 27, 2002 4:40 PM
To: Proctor, Shemin V.
Subject: RE: DEFS/Enron Letter Agreement

Shemin, I am fine with this change and the change in the amount for the
post-bankruptcy if that is what the business people agreed to.

                    "Proctor,

                    Shemin V."           To:     "Michael S. Richards"
<msrichards@duke-energy.com>
                    <sproctor@akll       cc:

                    p.com>               Subject:     RE: DEFS/Enron
Letter Agreement

                    03/27/02 03:15

                    PM

I propose to add the following language to the Purchase Price paragraph
and otherwise both agreements are fine with me:
"The Purchase Price shall be paid to ENA by wire transfer of available
funds to the following account: Enron North America Corp., Citibank New
York, ABA 021 000 089, Acct# 40781075."

In addition, the contact information for Lloyd Don Miller is
713-853-0492
713-646-2555 (fax).

Mike, Please call me if you have any questions.

Thanks for your help.

Shemin

-----Original Message-----
From: Michael S. Richards [mailto:msrichards@duke-energy.com]
Sent: Wednesday, March 27, 2002 3:09 PM
To: Proctor, Shemin V.
Cc: gaswidensky@duke-energy.com; joe.parks@enron.com;
stuart.zisman@enron.com
Subject: Re: DEFS/Enron Letter Agreement

Attached you will find minor revisions to these agreements marked in
red.
CIPCO is now an LLC so we have reflected it that way in the agreement.
We
also filled in information for the blanks.  Otherwise, everything looks
great.  Also, for your information, Brian S. Frederick, Vice President,
will sign the letter and escrow agreement for CIPCO.  CIPCO's tax ID #
is
84-1484857.  I filled in the contact information for the Escrow
Agreement.
Let me know if you have any questions.  Thanks.

(See attached file: Centana Letter AgreementRev1.DOC)(See attached file:
ESCROW AGREEMENTREV1.DOC)

                    "Proctor,

                    Shemin V."           To:     <joe.parks@enron.com>,
<msrichards@duke-energy.com>,
                    <sproctor@akll        <gaswidensky@duke-energy.com>

                    p.com>               cc:
<stuart.zisman@enron.com>
                                         Subject:     Attached Files

                    03/27/02 07:50

                    AM

Gentlemen,
Attached are the final drafts of the Letter Agreement and Escrow
Agreement. Please contact me if you have any questions or comments.
Regards,
Shemin
 <<Centana Letter Agreement.DOC>>  <<ESCROW AGREEMENT.DOC>>
(See attached file: Centana Letter Agreement.DOC)(See attached file:
ESCROW
AGREEMENT.DOC)


-----Original Message-----
From: 	Schoen, Mary
Sent:	Tuesday, October 09, 2001 1:25 PM
To:	Imai, Rika; Kaniss, Jason; Affelt, Scott; Middleton, Vince
Subject:	FW: TVA control tech article

Air Daily, October 9, 2001
Scrubbers Planned For Four TVA Coal Plants

The Tennessee Valley Authority (TVA) recently unveiled plans to cut SO2 emissions by equipping four of its
coal-fired generating facilities with flue-gas desulfurization systems. The $1.5 billion project will add
single scrubbers at TVA's Bull Run, Paradise, and Colbert plants, and a pair of scrubbers at the utility's Kingston
facility. Equipping the five units with sulfur controls is expected to lower TVA's SO2 emissions by 200,000 tons per year, the utility said.

TVA is also in the midst of a $1 billion program to reduce NOX emissions at its plants by constructing 18 selective-catalytic-reduction systems (SCRs) on 25 coal-fired generating units.  Design work on the new scrubbers will start in 2003. Peak construction activities will have to be delayed, however, until the SCR-installation program is finished. The utility noted that a lack of availability of craft workers and other resources needed to install the emissions-control equipment will affect the completion date (AD 7/18/01). TVA didn't provide an estimated completion date for the scrubber project.

TVA has already installed scrubbers on six of its coal-fired generating units, including two each at Cumberland,
Paradise and Widows Creek.


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 01/31/2000
10:47 AM ---------------------------

royal_b_edmondson@reliantenergy.com on 01/31/2000 10:04:05 AM
To: Ami Chokshi/Corp/Enron@ENRON
cc:

Subject: Revised nom for Copano's...small but we will keep a close eye on
the weather....

(See attached file: HPL-Feb.xls)

 - HPL-Feb.xls
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 01/31/2000
10:47 AM ---------------------------

troy_a_benoit@reliantenergy.com on 01/31/2000 10:21:15 AM
To: Ami Chokshi/Corp/Enron@ENRON
cc:

Subject: FEB 1ST REVISED

(See attached file: egmnom-Feb.xls)

 - egmnom-Feb.xls


TJae,

At your convenience (not necessarily today), could you provide my wife with
the addresses for the following people, please?  Her e-mail is
sturmt@yahoo.com.  Thanks, Fletch

John Lavorato
Dave Delainey
Kevin Presto
yourself
Rogers Herndon
Dana Davis
Rob Benson
Jeff King
Larry Valderama
Larry Jester
Matt Lorenz
Pete Makkai (sp?)
     names below are NatGas people
Airam Artega
Scott Neal
John Arnold
Phillip Allen
Mike Grigsby
Jeff Shankman

thanks again!


Following please find the Daily EnronOnline Executive Summary.


Amy, we still have Julia White on the attached form.  Can you work with
	Terry to remove Julia's name and add Shelley's?  Thanks. Lynn

 -----Original Message-----
From: 	Mulligan, Amy
Sent:	Sunday, September 09, 2001 9:23 PM
To:	Blair, Lynn; Buchanan, John; Corman, Shelley; Draemer, Mary ; January, Steven; Kedwaii, Hasan; Kowalke, Terry; Nacey, Sheila; TMS OnCall
Cc:	Giambrone, Laura; Hernandez, Bert; McEvoy, Christine; Miller, Beverly; Miller, Chris L; Minter, Tracy; Ward, Linda
Subject:	TW Weekend Notes

Please see the attached notes regarding Transwestern's Weekend Activities:

 << File: Sep.01.xls >>

Thanks,
Amy


Very clever and topical, particularly the French/Quebec bit. .

Jon Chapman
11/16/2000 02:16 AM
To: Peter Keohane/CAL/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:
Subject: Positively the last word .....

Peter ,

You'll enjoy this more than Tana !!!

Jon
---------------------- Forwarded by Jon Chapman/LON/ECT on 16/11/2000 09:16
---------------------------

Annette Patrick
16/11/2000 08:37
To: Jon Chapman/LON/ECT@ECT, Michael Slade/LON/ECT@ECT, Tracy Foy/LON/ECT@ECT
cc:

Subject: FW: Notice of Revocation of Independence

---------------------- Forwarded by Annette Patrick/LON/ECT on 16/11/2000
08:41 ---------------------------

Sarah Gregory
15/11/2000 19:24
To: svickers@linklaters.com, Annette Patrick/LON/ECT@ECT, Christopher
Wood/Legal/LON/ECT@ECT
cc:

Subject: FW: Notice of Revocation of Independence

NOTICE OF REVOCATION OF INDEPENDENCE

To the citizens of the United States of America,

In the light of your failure to elect a President of the USA and thus to
govern yourselves, we hereby give notice of the revocation of your
independence,effective today.

Her Sovereign Majesty Queen Elizabeth II will resume monarchial duties over
all states, commonwealths and other territories.  Except Utah, which she does
not fancy.  Your new prime minister (The rt. hon. Tony Blair, MP for the
97.85% of you who have until now been unaware that there is a world outside
your borders) will appoint a minister for America without the need for
further elections.Congress and the Senate will be disbanded.  A questionnaire
will be circulated next year to determine whether any of you noticed.

To aid in the transition to a British Crown Dependency, the following rules
are introduced with immediate effect:

1. You should look up "revocation" in the Oxford English Dictionary. Then
look up "aluminium".  Check the pronunciation guide.  You will be amazed at
just how wrongly you have been pronouncing it. Generally, you should raise
your vocabulary to acceptable levels. Look up "vocabulary".  Using the same
twenty seven words interspersed with filler noises such as "like" and "you
know" is an unacceptable and inefficient form of communication.  Look up
"interspersed".

2. There is no such thing as "US English".  We will let Microsoft know on
your behalf.

3. You should learn to distinguish the English and Australian accents.  It
really isn't that hard.

4. Hollywood will be required occasionally to cast English actors as the good
guys.

5. You should relearn your original national anthem, "God Save The Queen",but
only after fully carrying out task 1.  We would not want you to get confused
and give up half way through.

6. You should stop playing American "football".  There is only one kind of
football.  What you refer to as American "football" is not a very good game.
The 2.15% of you who are aware that there is a world outside your borders may
have noticed that no one else plays "American" football.  You will no longer
be allowed to play it, and should
instead play proper football. Initially, it would be best if you played with
the girls.  It is a difficult game.  Those of you brave enough will, in time,
be allowed to play rugby (which is similar to American "football", but does
not involve stopping for a rest every twenty seconds or wearing full kevlar
body armour like nancies).We are hoping to get together at least a US rugby
sevens side by 2005.

7. You should declare war on Quebec and France, using nuclear weapons if they
give you any merde.  The 98.85% of you who were not aware that there is a
world outside your borders should count yourselves lucky.  The Russians have
never been the bad guys."Merde" is French for "sh*t".

8. July 4th is no longer a public holiday.  November 8th will be a new
national holiday, but only in England.  It will be called "Indecisive Day".

9. All American cars are hereby banned.  They are crap and it is for your own
good.  When we show you German cars,  you will understand what we mean.

10. Please tell us who killed JFK.  It's been driving us crazy.

Thank you for your cooperation.


We are in receipt of your GISB and will be reviewing same.

Thanks.

 -----Original Message-----
From: 	"Ferguson, Cathy (Sigcorp Energy Services)" <cferguson@sigcorpenergy.com>@ENRON [mailto:IMCEANOTES-+22Ferguson+2C+20Cathy+20+28Sigcorp+20Energy+20Services+29+22+20+3Ccferguson+40sigcorpenergy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 07, 2001 4:42 PM
To:	Perlingiere, Debra
Subject:	BASE CONTRACT FOR SHORT-TERM

 <<GISBFormat_.doc>>
Debra,
This is a copy of our standard GISB Contract for you to review.
If you have any questions, please advise.

Thanks,
Cathy
 - GISBFormat_.doc << File: GISBFormat_.doc >>


-----Original Message-----
From: Crowell, Rachel
Sent: Tuesday, October 30, 2001 5:19 PM
To: Love, Phillip M.
Subject: Cargill Attachment


Is this 12:00 Eastern or Central?

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 13, 2001 1:56 PM
To:	Nord, Sue
Subject:	FW: EPSA SE Call

 << Message: EPSA SE Call >>


Tana,

CP is again calling for the below deal to be moved.  Can you let us know the
status?

Thanks,
Joe
---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 05/09/2001
11:32 AM ---------------------------

	From:  Larry Joe Hunter                           05/04/2001 04:04 PM

To: Tana Jones/HOU/ECT@ECT
cc: Julie Brewer/NA/Enron@Enron, Kathy M Moore/HOU/ECT
Subject: FW: FPL Energy Power Marketing Inc

Tana,

Per Kathy Moore in EOL, FPL traded under the wrong entity on May 3.  Can you
draft an Assignment Agreement, moving the below trade from FPL Energy Power
Marketing, Inc. to Florida Power & Light Company?

EOL #1207089
Enron Deal #V76777.1

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 05/04/2001
04:00 PM ---------------------------

"Moore, Kathy M." <Kathy.M.Moore@ENRON.com> on 05/04/2001 02:53:39 PM
To: <larry.joe.hunter@enron.com>
cc:
Subject: FW: FPL Energy Power Marketing Inc

> Customer would like transaction #1207089 (US Gas Fin Swap) to be under
> the counterparty name Florida Power & Light Company.
>
> Should you need to contact customer directly:
>
> Anna Lozada
> 561-625-7086
>
> Thanks for your help.
>
> Kathy Moore
> 713-853-4720
>


This volume should be allocated to deal 138642 for Jan.  The meter has always
been on the ticket, but with zero volume.

D

Clem Cernosek
12/21/2000 10:18 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Mary Poorman/NA/Enron@Enron
Subject: HPL Meter #986631TEXOMA-TEJAS HPL I/C

Daren:

During the period of 1/1/2000 to 1/4/2000, the above meter has recorded flow
on the following days with no deals attached:

 Days     Mmbtus

 1/1/00          3,737
 1/2/00          3,713
 1/3/00          3,730
 1/4/00             800

        11,980

Deal #120891 was at that meter during 12/99 production month, but it expired
on 12/31/99.  Currently, these volumes are being booked under the HPL
Strangers Gas Contract.  Logistics needs either (1)  have Deal #120891
extended, (2) new deal, or (3) approval to writeoff these volumes to
Unaccounted for Gas.  (Please print, sign, and return original to Clem
Cernosek).

 __________________________________________________________
 Deal/Deal Ticket#/Customer (Seller/Buyer)

    OR

 ______________________________________________________
 Approval to Writeoff the volumes to Unaccounted for Gas Loss

Thanks, Clem


your talking to the wrong person.   Liz actually controls the tickets.  take
them if they are available, but i won't be able to go.  how long are you
going to be in houston?


Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You sold 100 shares of PMCS (Pmc-sierra Inc Com) at 102 11/16.

ORDER DETAILS:
The tracking number for this order is: B-300-AAYS-9931
Order entered at:                      09:20:09 on 11/09/00
Order processing began at:             09:20:10
Order executed at:                     09:20:10 on 11/09/00

ACCOUNT DETAILS:
Time and Date: 09:20:11 on 11/09/00
Your position in PMCS is -200 shares
Your real cash total is $36,049.39

You will receive a printed Datek Online confirmation by postal mail, or by
electronic delivery if you are subscribed to that service.

Questions regarding this transaction? Contact our Customer Support department
by e-mailing support@datek.com. Please reference the order tracking number.


There are a variety of CAs with U.S. Duke Energy entities.

Mary J. Heinitz has provided me with a list of these which I'll forward to
Mark for his consideration under the cover of a separate email.

Thanks, Edmund.

John Metzler
03/03/2000 02:27 PM
To: Edmund Cooper/LON/ECT@ECT
cc:

Subject: Re: Indicative request to buy

Edmund,

Please review the CA implications, as stated below.

Thanks
John

---------------------- Forwarded by John Metzler/LON/ECT on 03/03/2000 14:26
---------------------------

Tomas Valnek
03/03/2000 13:29
To: Martin McDermott/LON/ECT@ECT, John Metzler/LON/ECT@ECT
cc:

Subject: Re: Indicative request to buy

---------------------- Forwarded by Tomas Valnek/LON/ECT on 03/03/2000 13:30
---------------------------
From: Rod Nelson on 02/03/2000 10:01 CST
To: Tomas Valnek/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT

Subject: Re: Indicative request to buy

Unfortunately, it's not quite that simple.  Duke Energy Trading & Marketing
is a marketing sub and does not prepare separate financials.  The S&P rating
is based on an implied guaranty from Duke Energy.  Legal would also need to
review this counterparty from the standpoint of confidentiality agreement
violations.

Also, as a trading counterparty, Sempra Energy Trading is not authorized for
credit derivative trading, because the existing guaranty does not explicitly
cover this type of transaction.  If Sempra wishes to transact out of this
entity, we can look into amending the guaranty to cover this product.  This
will require legal efforts and approval.

Rod

Tomas Valnek
03/02/2000 08:36 AM
To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Paul Simons/LON/ECT@ECT, Edmund
Cooper/LON/ECT@ECT
cc: John Metzler/LON/ECT@ECT, Martin McDermott/LON/ECT@ECT
Subject: Indicative request to buy

Both of  these entities have an E-rating of 3. Any issues?

Tomas

---------------------- Forwarded by Tomas Valnek/LON/ECT on 02/03/2000 14:36
---------------------------

John Metzler
01/03/2000 15:41
To: Martin McDermott/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT
cc:

Subject: Indicative request to buy

Reference Name:  Duke Energy Trading & Marketing (sub of Duke energy -- he
claims they have their own debt)
Counterparty:   Sempara Energy Trading
Term:    2 years
Notional Amount:  $2 million (I made that up)

John


Via fax, I am sending to you the new and old Annex A forms and a variety of
new and old option (cap,floor, call,put,collar) formats.  Per our earlier
conversation, I would truly appreciate your input.  The fax is about 40
pages.  Sara


Clearly, there are still some really crazy ideas floating around out there.
----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 03:02 PM -----

	Kristin Walsh/ENRON@enronXgate
	05/23/2001 02:57 PM

		 To: John J Lavorato/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT
		 cc: Christopher F Calger/ENRON@enronXgate, Phillip K Allen/ENRON@enronXgate,
Tim Belden/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Chris
Gaskill/ENRON@enronXgate, Mike Grigsby/ENRON@enronXgate, Tim
Heizenrader/ENRON@enronXgate, Vince J Kaminski/ENRON@enronXgate, Steven J
Kean/NA/Enron@Enron, Rob Milnthorp/CAL/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Claudio Ribeiro/ENRON@enronXgate, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Tawney/ENRON@enronXgate, Scott
Tholan/ENRON@enronXgate, Britt Whitman/ENRON@enronXgate, Lloyd
Will/ENRON@enronXgate
		 Subject: California Update #2, 5/23/01

Republican Plan B
A source reports the following regarding the Republican Plan B proposal:
? Encourage direct access for consumers.  (The problem with this, however, is
that these direct access deals would not have a dedicated rate component, and
too many might undermine the cash flow and credit worthiness of the bonds.)
? The Republicans will "suggest" that generators take a 30% haircut.  "We
think this is doable."
? The Republicans strongly oppose purchasing the transmission assets.
? Restore the invetor-owned utility model for generation.  They would
establish a dedicated rate component for construction of native generation by
the utilities.  They would grant ratepayers equity interest in these plants.
? Resolve the QFs' financial issues.

Assemblyman Cox commented afterward that the Republcans have been trying to
work on a bilateral basis with the Democrats on these issues, but they feel
"frozen out."  Moreover, he senses the Democrats moving back toward having an
option to purchase SoCal's transmission assets, which the Republicans oppose.

Democratic Plan B
A source reports the following regarding the Democratic Plan B:
? The Democrats are formulating a Plan B that incorporates the Governor's
MOU, the Nation Plan B and other ideas that they have.  This plan reportedly
has not yet been introduced into the legislature yet because it is still
being finalized and the Democrats are not certain that it will work.
Specifically, the option to purchase SoCal's transmission assets is
reportedly still being debated.  Some Democrats reportedly believe that this
may be unnecessary.
? The details of the plan are reportedly as follows:
- Set aside the $3.1 bilion undercollect in a separate account funded by a
dedicated rate  component.
- The generators can either get a check instantly from the bonds for 70% of
their  claim or they can try to get up to 100% of their claim adjudicated
through a  dispute.
- This plan could be used as a template for going to the bankruptcy judge to
strike a deal  for PG&E.
? Sources indicate that the Democrats are developing a post-petition plan in
cast SoCal files for bankruptcy, including the following:
- The state would buy both utilities out of bankruptcy.  It then would sell
of pieces of  the utilities to various private-sector buyers, but with a
lifetime stipulation on  how they will be run.
- Some Democrats reportedly believe the state could do this with as little as
$5 billion if  it assumed the utilities' debt and got a cram-down by the
bankrutpcy judge to quell  the protests against such a plan that would very
likely erupt.  Democrats reportedly  believe that the Judge Montali would
support this idea.


Chris,

 What is the latest with PG&E?  We have been having good discussions
regarding EOL.
 Call me when you can. X37041

Phillip


Good Afternoon Folks

I am sure this will come up in a month or so.

We bought 20 mw from Mirant at 4 Corners for 9/27 and 9/28.  Mirant cut the schedule for 9/28 because they could not get transmission.  We are accepting this cut. We re-supplied our downstream and no LD's are to be billed per Mark and Holden.

I changed the volume to Zero in scheduling, and wrote a note there.

Lemmie know if there is trouble with this.

C


Paul,

Sorry for the late notice. Please, let me know when you are coming to Houston.

I shall be again in London sometimes in November.

Vince

paul.e.day@uk.arthurandersen.com on 10/02/2000 02:29:57 AM
To: Shirley.Crenshaw@enron.com
cc: Vince.J.Kaminski@enron.com, wendy.dunford@uk.arthurandersen.com
Subject: Re: Confirmation of Meeting

I would very much like to meet Vince, unfortunately I am in back to back
meetings all day today.  Maybe we could rearrange next time Vince is in London
or I am in Houston.

Regards

PAUL

To:   Paul E. Day
cc:
Date: 29/09/2000 17:52
From: Shirley.Crenshaw@enron.com
Subject:  Re: Confirmation of Meeting

Paul:

FYI.

Regards,

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 09/29/2000
11:49 AM ---------------------------

Shirley Crenshaw
09/29/2000 11:51 AM

To:   wendy.dunford@arthurandersen.com @ ENRON
cc:
Subject:  Re: Confirmation of Meeting  (Document link: Shirley Crenshaw)

Wendy:

I am so sorry for the late notice, but Vince will be in London for 1 day
only,
Monday, October 2nd.  He has had some time freed up and if Paul and
Julian could meet with him, they can call him at the Grosvenor House,
870-400-8500.  His morning is already full, but lunch, dinner or afternoon
would work.

Regards,

Shirley

wendy.dunford@arthurandersen.com on 09/18/2000 10:14:51 AM

To:   Shirley.Crenshaw@enron.com
cc:
Subject:  Re: Confirmation of Meeting

Hi Shirley

Thanks for getting back to me.

Regards

Wendy

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be nice to include attachment


As some of you may have seen through the e-mail system, Enron Corp. has begun
a payables and procurement initiative under the name "iBuyit."  The
initiative involves the implementation of an on-line procurement and payables
system, the central focus of which will be to enable Enron to better track
vendor expenses and overall costs.

The implementation of the payables portion of the system will occur on May 1,
2001 and will be applicable to all organizations supported by Houston-based
Accounts Payable processing centers (e.g., our Legal Department).  I have
been asked to be the stakeholder for this project for the Department and have
been working with Dina Snow and Carolyn George (as the Department change
agents) to get up to speed on this program and its impact.

Given that this program will present a marked changed in the manner in which
we will be coding, reviewing and approving invoices for payment, it is
important that each of you have an overview understanding of the system and
how it will function.  This, in turn, will aid you in determining the best
process to be implemented within your particular group for use of the
system.  To assist in this general understanding, the iBuyit group prepared a
system demonstration running through the functionality of the system and
answering some general questions as to its use.  I believe it provides an
appropriate overview and have provided the below link to the demonstration
location:

http://ibuyit.enron.com/gss/ibuyit/iBuyitPayablesPresentation.ppt

Mark has asked that I speak on this program a bit at the upcoming OGC meeting
(Monday, 4/23) and answer any questions you may have.  In the interim, if
there are any questions about the program or the system's functionality,
please do not hesitate to call me.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Kal,

Below are preliminary comments from Communications and Marketing on the Web content. We will be making more minor
changes on Thursday, during the final review process, and review the site once it goes live next week.

I sent comments from Legal to you earlier today.

Please let me know if you have questions.

Claudia
212-713-8508

-----Original Message-----
From: Halligan, Laura [UBS]
Sent: Tuesday, February 05, 2002 1:00 PM
To: Robinson, Claudia
Subject:
Importance: High

Here is marked version of web text.  Only got to page 3...

Laura Halligan
Associate Director
Manager, Marketing Services
UBS Warburg Americas

 - webtext.doc

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


ST. MARTINVILLE, La. -- Former Dallas Cowboys star Nate Newton was
arrested when police confiscated 213 pounds of marijuana from a
van on a highway.

Newton and two others were charged Sunday with possession with
intent to distribute marijuana, Trooper Willie Williams said
Tuesday. A fourth person, arrested in a separate vehicle with
$18,000, was charged with conspiracy to possess narcotics.

All four were in the St. Martin Parish Jail on Tuesday with bail
set at $200,000 each.

Newton is a six-time Pro Bowl offensive lineman who helped Dallas
win three Super Bowls. He spent 14 seasons in the NFL, 13 with
Dallas. He retired last year after a season with Carolina.

Williams said a state police patrol pulled over a van for a
traffic violation on Sunday about 6 a.m. east of Lafayette.

"The driver seemed nervous and gave consent to search the van,"
Williams said. He did not say who was driving.

Cardboard boxes filled with 213 pounds of marijuana were in the
van, Williams said.

Newton, who lives in East Ellijay, Ga., was arrested along with
Faye Cleveland, 46, and Marva Johnson Waye, 49, both of
Jacksonville, Fla. All three were charged with possession with
intent to distribute marijuana.

The driver of a pickup truck, Ricky Glenn Williams, 46, of
Quinlan, Texas, was charged with conspiracy to possess narcotics,
police said. The $18,000 that was in the truck with him was
seized, the trooper said.

________________________________________________________________
Sent via the EV1 webmail system at mail.ev1.net


NOTHING....WHAT IS YOUR IM??? THIS IS WACK

-----Original Message-----
From: Kroll, Heather
Sent: Wednesday, October 17, 2001 1:37 PM
To: Stepenovitch, Joe
Subject: RE:

WHY? WHAT DID I DO?
Heather Kroll


The Violation Memos for 11/9/01 have been published and are available for viewing on the ERV - Violation/Notification Memo Section.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/12/2000
05:19 PM ---------------------------

	From:  Mike A Roberts                           04/12/2000 12:35 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Free two week FT-online Trial

---------------------- Forwarded by Mike A Roberts/HOU/ECT on 04/12/2000
12:34 PM ---------------------------

Rita Hartfield@ENRON
04/12/2000 10:32 AM
To: Mike A Roberts/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Amy
Oberg/HOU/EES@EES, John A Cote/HOU/ECT@ECT, Elizabeth Linnell/HOU/EES@EES,
Lynnette Barnes/HOU/EES@EES, Bruce Ferrell/HOU/ECT@ECT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fiona Grant/LON/ECT@ECT, Michael
Grimes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kyran Hanks/LON/ECT@ECT, Julia
Kazibwe/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patrick Keene/HOU/EES@EES, Harry
Kingerski/HOU/EES@EES, Valeria Lima/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol
North/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike G
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Free two week FT-online Trial

Enron has been given a two week free trail [until 4/25/00] for FT Online.
The free trial has unlimited users so please feel free to pass this along to
anyone who may be interested.

Various persons within Enron currently purchase selected hard copies of FT's
newsletters for 18,331 British pounds.  It would be much more efficient  and
cheaper if all eleven newsletters [13,617 British pounds for 2 users plus
incremental costs for each additional user] were purchased on-line and the
cost shared amoung the users.

---------------------- Forwarded by Rita Hartfield/Corp/Enron on 04/12/2000
11:15 AM ---------------------------

Vanessa.Norton@ft.com (Vanessa Norton) on 04/12/2000 03:54:04 AM
To: rhartfi@enron.com
cc:

Subject:

Dear Rita

Following our conversation yesterday, I am pleased to offer you two weeks
trial
access to our 22 online energy newsletters.

The prices for a years subscription to our online newsletters are as follows:

Product   Number of users  Price (for all eleven newsletters together)
Oil Market Report  2    o9,530.00
Aisa Gas Report  3    o11,120.00
UK Gas Report  4    o12,180.00
Power in Aisa   5    o13,240.00 (o900.00 per extra user)
International Coal Report 10    o17,740.00 (o734.00 per extra user)
Power in Latin America 25    o28,750.00 (o544.00 per extra user)
Middle East Energy
European Energy Report
African Energy
Global Private Power
Global Water Report

The prices include a multiple product discount (for example, 2 users for all
eleven newsletters would normally be o13,617.00) and as you will see the price
for extra users decreases by quantity of users to the publications.

Your trial will last until 25/4/00.
Please find enclosed the access codes to FT Energy Online.

Go to www.online.ftenergy.com
Click on login and type in the following:

IU      ENRONT
Password:     ENRONT

The current functionality of the service includes a fully searchable archive
that goes back to the first issue, an advanced full text search, acrobat pdf
files of the printed newsletter that can be downloaded for personal use in its
original printed version and the ability to download tables in CSV format into
Excel files.

Please do not hesitate to contact me if you have any further questions about
the service or wish to have prices for individual publications sent.

I look forward to your comments.

Yours sincerely

Vanessa Norton (+ 44 207 896 2282)
FT Energy Online

*********************************************************************
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Can you take care of this.  Thanks

 -----Original Message-----
From: 	Legros, Liz
Sent:	Thursday, November 08, 2001 8:44 AM
To:	Geaccone, Tracy
Subject:	RE: GRI  Msg: Time Sheet Submitted for JEANETTE Y . DOLL.

Hi Tracy,

I wanted to follow-up to make sure you had received the information you requested.

Should you have any questions please don't hesitate to call CSS at x56899.

Thanks!
Liz
CSS

 -----Original Message-----
From: 	"Usher, Robyn" <Robyn.Usher@Itiliti.com>@ENRON
Sent:	Friday, October 19, 2001 9:17 AM
To:	CSS
Subject:	FW: GRI  Msg: Time Sheet Submitted for JEANETTE Y . DOLL.

-----Original Message-----
From: Geaccone, Tracy [mailto:Tracy.Geaccone@ENRON.com]
Sent: Thursday, October 18, 2001 4:57 PM
To: itiliti GRI Notification
Subject: RE: GRI Msg: Time Sheet Submitted for JEANETTE Y . DOLL.

What is my user id and password

-----Original Message-----
From: itiliti GRI Notification [mailto:GRINotice@itiliti.com]
Sent: Thursday, October 18, 2001 4:51 PM
To: Geaccone, Tracy
Subject: GRI Msg: Time Sheet Submitted for JEANETTE Y . DOLL.

A time sheet for JEANETTE Y . DOLL has been submitted for your approval.

Candidate Name: JEANETTE Y . DOLL
Client Name: Enron-eHouston
Time Sheet Status: Submitted
Time Entry Start Date: 10/8/2001
Time Entry End Date: 10/14/2001
Submitted By: JEANETTE Y . DOLL
Approved/Rejected By:

Click link to access timesheet:
https://gri.itiliti.com/TimeApproval/ViewAprvTSAmdt.asp?ResUsrId=27631&C
lntOrgId=661&auth=apvl&PrsnId=20599&PrsnTpCd=2&Strt_Dt=10/8/2001
M
 essage T100 (NQ:383833 ) :   1585

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Dear Mr. Kaminski:

Thank you very much for meeting with me again today over lunch. I appreciated
the opportunity to catch up with you.

Please find attached my current resume (both a short and a long version). I
have worked as a trader, portfolio risk manager, and a stock analyst. I have
traded derivatives, bonds, and stocks,  and managed insurance and pension
investment portfolios to maximize risk-adjusted returns.  Let me highlight
some of my work experiences.

Trading and Risk Management
    a.. Structured, negotiated, and traded OTC interests rate swaps,
cross-currency swaps, swaptions, and exchange-traded equity index futures and
options. Made PowerPoint presentations to GARP and the UOH on credit
derivatives.
    b.. Developed investment hedging program utilizing exchanged-traded bond
futures and interest rate swaps.
    c.. Traded and managed pension and insurance fixed income portfolios to
maximize total return and funding ratios. Bonds traded: Treasuries, Agencies,
MBS/CMOs, ABS, Corporate, Yankees, and Foreign.
    d.. Traded and managed stock mutual portfolios for total return.
    e.. Created a computer program to quantify the attribution of total
return for fixed income portfolios relative to market returns.
    f.. Programmed investment compliance rules to monitor the management of
domestic and global stock, bond and money market mutual funds.
    g.. Supervised market risks, credit risks, legal risks, and operations
risks of derivatives, bonds, money market securities, and equities.
Policy , Reporting and Projects
    a.. Developed investment policy guidelines to manage fixed income
portfolios.
    b.. Rewrote derivatives policy manual.
    c.. Prepared a 20-page PowerPoint slide presentation on India for the
senior management.
    d.. Prepared and presented investment reports to CIOs, Investment
Committees, and Boards of Trustees
I shall, therefore, appreciate your help in connecting me with the right
individual within Enron for a job interview to work as a financial
trader/risk manager. I can provide excellent references upon request.

Thank you for the lunch.

Sincerely,

Maruti D. More, CFA
713-722-7199
more@insync.net

    -----Original Message-----
    From: Vince J Kaminski <vkamins@ect.enron.com>
    To: more <more@insync.net>
    Date: Tuesday, January 25, 2000 12:39 PM
    Subject: Re: Fw: Luncheon Meeting: ASAP

    Hello,

    I  shall be traveling this week. I shall be glad to meet
    you for lunch next week. Please give me a call Monday
    at 713 853 3848.

    Vince

    "more" <more@insync.net> on 01/25/2000 10:27:09 AM

    To:   Vince J Kaminski/HOU/ECT@ECT
    cc:
    Subject:  Fw: Luncheon Meeting: ASAP

    Dear Mr. Kaminski:

    Just to bring you up to date. I am no longer with American General. I
shall,
    therefore, appreciate an opportunity to meet with you for lunch at the
earliest
    possible time. I can be reached at 713-722-7199.

    Thank you.

    Maruti More
    713-722-7199

    -----Original Message-----
    From: more <more@insync.net>
    To: Vince J Kaminski <vkamins@ect.enron.com>
    Date: Friday, December 17, 1999 8:55 PM
    Subject: Re: Luncheon Meeting

    Thank you for your response. I was very happy to hear from you.

    I am also taking next week off and will be back to work on December 27th.

    Please do call me when you get back. Would very much appreciate the
opportunity
    to have a quick lunch with you, if possible. Hope everything is going
well.

    Have wonderful Christmas holidays.

    Regards

    Maruti More
    713-831-6209 (O)

        -----Original Message-----
        From: Vince J Kaminski <vkamins@ect.enron.com>
        To: more <more@insync.net>
        Cc: Vince J Kaminski <vkamins@ect.enron.com>
        Date: Friday, December 17, 1999 3:35 PM
        Subject: Re: Luncheon Meeting

        Hello,

        I shall be taking a few days off around Xmas. I shall call you at the
end of
        December
        when I get back to the office.

        With best holiday wishes,

        Vince

        "more" <more@insync.net> on 12/01/99 09:28:09 PM

        To:   Vince J Kaminski/HOU/ECT@ECT
        cc:
        Subject:  Re: Luncheon Meeting

        Dear Mr. Kaminski:

        How are you doing? I want to find out if we can meet again for a quick
    lunch.

        You might know that in Maharashtra, India there is now a new Chief
Minister
        (CEO of the State Government). I am proud to say that he and I are
from the
    same
        town, Latur.

        I would really enjoy talking with you again, at your convenience.

        I will call you tomorrow to follow up.

        Thank you.

        Sincerely,

        Maruti More

        -----Original Message-----
        From: Vince J Kaminski <vkamins@ect.enron.com>
        To: more <more@insync.net>
        Cc: Vince J Kaminski <vkamins@ect.enron.com>; vkaminski@aol.com
        <vkaminski@aol.com>
        Date: Thursday, July 01, 1999 6:16 AM
        Subject: Re: Luncheon Meeting

            Dear Mr. More,

            Let's meet at 11:45 in the lobby of the Enron building.
            We can walk to one of the restaurants in the downtown area.

            Vince Kaminski

            (Embedded     Enron Capital & Trade Resources Corp.
            image moved
            to file:      From:  "more" <more@insync.net>
            pic17002.pcx) 06/30/99 10:38 PM

            To:   Vince J Kaminski/HOU/ECT
            cc:
            Subject:  Luncheon Meeting

            Dear Mr. Kaminski:

            I am looking forward to our luncheon meeting on this Friday,
July 2,
    1999
        at
            11:30 AM. Please let me know where we should meet. Thank you for
taking
    time
        out
            from your busy schedule.

            Sincerely,

            Maruti More

            Tel.:  713-831-6209

 - att1.htm
 - Bio@home.doc
 - More @home.doc


Here is the information you need:
- brogers
- benjamin.rogers@enron.com
- 3-7998

Thanks and let me know if you need anything else.
Ben


Mark,
Sounds like you did heck of a job.  I know that it can be difficult to plan
for losing such a large amount of generation.  On behalf of EPE, thank you
for doing such a good job.  Hope to see you down here in March.

Steve

From:     Mark.Guzman@enron.com@enron.com on 02/16/2001 11:12 PM PST

To:  sburac1@epelectric.com
cc:  Bill.Williams.III@enron.com

Subject:  Re: dispatch for saturday

 Steve, per our discussion I purchased power for us while PV3 was coming
down.   After talking with you, I called APS to see if they could give me a
better idea of the rampdown schedule.  Per APS the ramp down was supposed
to begin at 22:00 MST and the unit was to be at zero by 0:00 MST.  When I
ran my numbers it became clear that I would likely have to purchase of HE
24.  Therefore, I puchased power for HE 24 and 1.  Unfortunately, the
lowest offer on the market was $400 (Next lowest offer was $600).  To
compound that, PV3 did not begin ramping down until approximately 22:40.  I
thought you should be made aware of the circumstances as, after the fact,
it is obvious that I only needed to purchase for HE 1 per your dispatch.
My thought process was to error on the side of system reliability in this
circumstance, and if we would have had to buy within the hour I am sure
prices would have been near $1000.  If you have any further questions or
concerns please contact me.  Thank you for your attention to this matter
and  for your help on the phone this evening.


Janet,

Thanks for your response on this.  All of these applications are indeed being
used in Houston.  They have been in use for a couple of years.  I am not sure
of the best method to get them going here in London but I will leave that up
to you and the rest of Enron's capable IT team.  Julie Pechersky has been
helping me coordinate the installs as her group is responsilbe for
maintaining these apps in Houston.  Cyrus Kazak has been working to get the
Autex system going here.  Both Instinet and ITG/Posit are in the midst of
some contractual issues which are being negotiated by Sara Shackleton in our
legal group in Houston.

I will include you in any correspondence regarding these applications going
forward.

Thanks and regards,
John

Janet Rawson
26/10/2000 08:59
To: John Greene/LON/ECT@ECT
cc:

Subject: Apps for Win2k

Hi John,

In a mail to Judi, you mentioned 3 new apps :

Instinet/OMS
ITG/Posit
Autex

I have searched on the London servers for these 3 but can not find a version
currently being used by NT4, or the source files to capture a new install.

You mentioned that these 3 may be used in Houston, so I will endeavour to
find these apps today and pull them from the Houston servers.

In the meantime, can you please provide me with the version numbers for each
app so we can ensure that we give you the correct product. Also, if you have
the source files for any of the products above, please let me know as a fresh
capture of the install is likely to be much easier than the conversion from
Houston.

Thanks,
Janet


Attached is the master gas agreement, ready for  Clarksdale's review.

We haven't had any feedback from Yazoo City.  When can we expect their
feedback?

Thanks,

Kay


Matt,

Each month, prior to bidweek, I pull up a monthly range in Path Manager to
get a feel of how many of our swing customers operated in a prior month (or a
month in a prior year).  I have never had problem with this before, and I
have done this task every month since Unify was put into production.  When
the problem occurred this month, I was attempting to view Apr 1-30, 2000 on
Houston Pipe Line, with HPL as the shipper.  This information is very
important for my bidweek preparation.  So, I need to continue perfomorming
this operation each month.  If needed, I can wait until 5 pm top view the
range.

D

From: Matt Pena/ENRON@enronXgate on 03/23/2001 02:30 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Chris Schomer/ENRON@enronXgate, Jaikishore Bharathi/ENRON@enronXgate, Bob
Ward/ENRON@enronXgate, William Mallary/ENRON@enronXgate, Brian
Ripley/ENRON@enronXgate
Subject: RE: What happened: tempdb xact log

Darren,
Do you know if you were running pulling up the Path Manager for a date range
around 10:51?; How do you normally pull up the Path Manager?; Please let me
know as we're attempting to find out what caused this problem and if we
should restrict access on the date range functionality.; If you were only
pulling it for a day, that would be okay.
;
Thanks

-----Original Message-----
From: Mallary, William
Sent: Friday, March 23, 2001 2:24 PM
To: Ripley, Brian
Cc: Schomer, Chris; Pena, Matt; Bharathi, Jaikishore; Ward, Bob
Subject: What happened: tempdb xact log

Brian,
;
At 11:20am this morning, a stored procedure (source_dest_list_range_sp, Line
#172) being run by Daren Farmer caused the tempdb transaction log on
unifygasp to fill up.; This procedure is run routinely by many other users on
a daily basis without incident.; At the time of the failure, this stored
procedure had been running since 10:51am, or roughly 30 minutes.; I was
notified via automatic page at 11:24am; the page indicating that there was
200MB free.; I immediately checked tempdb, which was by full by this time.;
Three attempts to clear the transaction log prior to 11:30am finally resulted
in;a cleared transaction log.
;
Kishore noiced shortly thereafter that there was a problem in the way that
Sybase was accounting for its free space, a condition which may have been
crucial to the failure since nearly 5GB of space was apparently unavailable
to the transaction log.; A reboot of unifyprod2 at 1:40pm cleared this
condition.

Bill Mallary
*; william.mallary@enron.com <mailto:william.mallary@enron.com>
( ;713.345.3485 (office)
( ;281.960.7181 (cell)

;


Sally, Brent and Gary,

In a meeting with Bryan, Jeff, Gary and Markus on Monday, November 20th, I
showed Bryan a copy of the monthly price verification procedures and the book
administrator's Price Verification Comparison Spreadsheet .  I also showed
Brent this information later in the day, as he had to leave before we all
left.

Therefore, I find Bryan's Operations' bullet  wrong and misleading.  This is
not the statement that was made and agreed to on Monday when we all met.
This statement is also not consistent with what is actually in the
attachment.  You will receive a copy of the price verifcation spreadsheet for
the last six months on Monday.

Please call me or Theresa with questions.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 11/24/2000 05:14
PM ---------------------------

Bryan Seyfried
11/24/2000 12:24 PM
To: Sheila Glover/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Tom Doukas/NA/Enron@ENRON,
Theresa T Brogan/HOU/ECT@ECT
Subject: Re: Debt Trading Losses

ok, sorry for the miscommunication,  can I get copies of the price
verification memo for the debt book for the last 6 months pls.

	From:  Sheila Glover                           24/11/2000 17:06

To: Bryan Seyfried/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Tom Doukas/NA/Enron@ENRON,
Theresa T Brogan/HOU/ECT@ECT

Subject: Debt Trading Losses

Bryan,
I think the second bullet is misleading.  The bullet is not reflective of
what is actually stated in the attached document.
There is a month-end price verification process on the Credit book.
Trader pricing is compared to prime broker pricing.  Where the mark is
greater that 2 points, the difference is discussed with the trader.  Trader
must then amend the mark or provide third party substantiation for the
illiquid position.
The Price Verifiaction Comparison Spreadsheet with broker quotes is filed and
maintained by Risk Management.

The Operations break-down in the process relates to:
 Triplets excluded from the monthly price verification process and not
escalated, prioritized to management
 Telewest  pricing relied on a price from the prime broker which was manually
sourced and not current
 Price Verification Comparison results should be formalized and distributed
to senior management.

Thanks. Sheila

 ---------------------- Forwarded by Sheila Glover/HOU/ECT on 11/24/2000
10:13 AM ---------------------------

Bryan Seyfried
11/23/2000 01:31 AM
To: Richard Causey/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT
cc: Michael R Brown/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, David A
Wall/Risk Mgmt/LON/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Richard Sage/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT
Subject: Debt Trading Losses

We have discovered two positions in the Debt Trading book which were not
being marked to market. The current mark of the 2 positions results in
approximately $4.7 million loss.  The details are in :

The primary control issues are:
? Trader did not adjust price to reflect the effect of market movements
? Operations did not perform monthly price verification processes
? Desk management failed to recognize that the marks on these two trades had
not moved over the term of the transactions (Q1 '00 - Nov 15th)

The losses have been recognized and a full review of the book is ongoing by
Operations.  The trader has been relieved of his responsibilities and we will
implement the steps agreed with Operations to ensure that we have a robust
approach to controls for the Debt Trading book going forward.


David,

I sent a message with information to several different units but no
response so far. I think people need a specific need to focus
and I shall keep the Chicago Partners in mind when a relevant
project arrives. I shall resend the message with attachments on
CP in a few weeks as a reminder.

Vince

Vince

David_Barr@enron.net on 03/01/2000 10:15:57 AM
To: vkamins@enron.com
cc:
Subject: Chicago Partners

Vince,

Hope this finds you well.  I am sure you are more than busy but I wanted to
see
where we stand with feedback regarding me coordinating a potential
presentation
by Chris Culp at CP Risk Management.

Regards,
David


Hello fellows! I realize this is late notice, but I figure you guys don't
have very thrilling lives, so I thought I'd give it a shot. Tara and I will
be in H-town this coming weekend for a friend's wedding. I'm in the wedding
party, so I won't have much free time, but I just realized that we get in
Thursday night at 7:30, so that leaves a window of opportunity for drinks or
a late dinner or something that night. Our flight gets in to
Intercontinental at 7:30 and we have a car rented, so I figure we could be
ready for action by 8:30. Let me know what you all think. Am I forgetting
anybody that I like who's left in Houston? If so, invite them. Significant
others are encouraged to join. Actually, in every case here, they are more
welcome than you, I just don't have their e-mails. (Clay, this doesn't apply
to you. You are the focal point of my visit. Oh, and by the way, thanks for
letting us stay with you while we're there.) But seriously all, Tara and I
would love to get together with everybody. Hope it works out.

Eric

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


Working on it !

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


Is Kathy here?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Alison,

I appreciate it. I really need your help on this one. His father is very
helpful in my recruiting
efforts at Berkeley.

Vince

	Enron North America Corp.

	From:  Mary Alison Bailey                           10/25/2000 09:38 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Yaron's Resume

CORRECTION - I was going too fast last night ( You said Cornell not Carneige
Mellon). Cornell interviews are Monday, October 30 & Tuesday, October 31.  We
are faxing Shmuel Oren's resume to Kristin and checking to see if  there is
any time on the closed schedule, or if the interviewers will stay longer to
include him.  I will let you know today if we can make it work.

Sorry my first e-mail was incorrect.

Vince J Kaminski
10/24/2000 04:37 PM
To: Charlene Jackson/Corp/Enron@ENRON
cc: Mary Alison Bailey/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Yaron's Resume

Charlene,

Please, help. This is a son of a professor at Berkeley who helps me a lot in
the recruiting process.
His son goes to Cornell. Can we invite him (the son, not the professor) to a
Super Saturday? I really want
to repay the debt to his father who is very instrumental in  my recruiting
efforts.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/24/2000
04:40 PM ---------------------------

"Shmuel Oren" <oren@ieor.berkeley.edu> on 10/23/2000 04:37:25 PM
To: <vkamins@enron.com>
cc:
Subject: Yaron's Resume

?
 - Yaron-RESUME3.doc


It should read Cuba Libre Field and Cuba Libre Central Point.

EB


Looks Good

Make sure they execute.

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Friday, April 06, 2001 4:44 PM
To:	Lavorato, John
Cc:	Slone, Jeanie; Melodick, Kim
Subject:	Trading Track

John

As requested,   one page detail on trading track with regard to:

Rotations
Line Supervisor
Management Team
Training Dates

Training dates may change, subject to desk heads schedules therefore I will update this once a month and forward.

Thx. Karen .

 << File: Trading Track  Rotations 406.xls >>


Bev:
Based on yesterday's conversation, we've set up a call for 2 PM California time on Friday.  Here's the call-in info.

Best,
Jeff

 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Thursday, October 18, 2001 10:00 AM
To:	Dasovich, Jeff; Kaufman, Paul; Mara, Susan; Shapiro, Richard; Steffes, James D.
Cc:	Alamo, Joseph; Noske, Linda J.; Dernehl, Ginger
Subject:	Conf. Call re:California Campaign Contributions

A conference call has been scheduled for Friday, October 19 @ 4:00 PM (CDT) regarding the above subject.  Please make note of the dial-in information below:

Number:	1-877-660-6591
		Participant Code 558191

Thanks!

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160


Richard,

Please add Pat Clynes to your distribution list.  He now manages HPL
Logistics.

D.


Number 5 under 'A flawed retail market"  should read "...a power INcentive"
not DISincentive.