I think Greg Whalley and John Lavorato are individuals we can trust.  I also know that those that we can not trust are aware that we are not afraid to press for answers and action!  Its interesting in that there seems to be two groups of individuals developing.  Those that are personally self centered and ask what's in it for me and a larger group of individuals who want to end the selfishness and work for the good of the total company.  Besides they all know as you do that I can be a real asshole if I don't get my way.  Ha, Ha

 -----Original Message-----
From: 	Collins, Joan
Sent:	Thursday, November 15, 2001 2:29 PM
To:	Schwieger, Jim
Subject:	RE: Fastow Rumor

Thanks for this tidbit - I would be extremely upset if Fastow were allowed one more lousy red cent!!!!  When will the raping of the employees by Management stop!!!!

 -----Original Message-----
From: 	Schwieger, Jim
Sent:	Thursday, November 15, 2001 2:21 PM
To:	Lagrasta, Fred; Martin, Thomas A.; Brawner, Sandra F.
Subject:	FW: Fastow Rumor

FOR YOUR INFORMATION

 -----Original Message-----
From: 	Whalley, Greg
Sent:	Thursday, November 15, 2001 2:11 PM
To:	Schwieger, Jim
Subject:	RE: Fastow Rumor

I would have to check to speak definitively on any clauses in his contract, but I don't believe there was a change of control provision.  I don't know of anyone other than Ken who has one.  There was some argument regarding andy's contract and payments that might be due under involuntary termination, but at this time we are not paying anything.  Andy was put on a leave of absence, and subsequently resigned.  We are still investigating the related party transactions.  Hope this helps.

 -----Original Message-----
From: 	Schwieger, Jim
Sent:	Thursday, November 15, 2001 11:27 AM
To:	Whalley, Greg
Cc:	Schwieger, Jim
Subject:	Fastow Rumor

Greg:

A rumor is going around that Andy Fastow's employment contract had language that would allow him to be paid $9,000,000 or some amount if a change of control of the corporation occurred.  Several questions come to mind related to this issue that I would appreciate your response:
	1)  Please confirm the existence of such a clause or similar clause in Mr. Fastow's contract that would allow him a claim of additional money from an Enron entity.
	2)  If such a clause does exist what is Enron's intent as far as payment or litigation?
	3)  What other Enron employee's have such clauses that would allow them to benefit from the merger?

Your clarification of the above questions would be appreciated!

	Thanks, Jim


Good.  I'll be expecting you.


Opps.  I hear I should have sent this to you.

This is one of Jake's deals.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 10:41
AM ---------------------------

Kay Mann
04/18/2001 09:16 AM
To: Stephen Thome/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON
cc: Jake Thomas/HOU/ECT@ECT

Subject: Salmon Closing Checklist

FYI. I'm reviewing.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 09:13
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/18/2001 08:41:56 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Salmon Closing Checklist

 <<2XNK01!.DOC>>

Kay:

Per your request, enclosed is a current draft of the closing checklist for
the Salmon transaction.  Please advise of any comments.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)

Enclosure:  136928v1

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

 - 2XNK01!.DOC


Chris - Here are the vitals:

EB3248C
2 PC's
1PC w/ 2 screens, 1 PC w/ 1 screen
1 Sun machine
Wed or Th before 1pm

Thanks,

Errol, X5-8274

From: Chris Austin/ENRON@enronXgate on 03/30/2001 09:51 AM
To: Derek Bailey/Corp/Enron@ENRON, Amy Cavazos/NA/Enron@ENRON, Sherry
Dawson/NA/Enron@Enron, Alexia Gonzales/ENRON@enronXgate, Jeffrey C
Gossett/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT, George Huan/ENRON@enronXgate,
Kori Loibl/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Sean
Riordan/ENRON@enronXgate, Elizabeth Soto/HOU/ECT@ECT, Joey
Taylor/NA/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON
cc:

Subject: Windows 2000 Migration for the RM-Finance and Administration
Business Unit

I wanted to take a few minutes to not only introduce myself, but also to
inform you that ProjectGEM - the Windows2000 Global Enron Migration - is well
underway and is now approaching your group to begin the initial steps of
upgrading to this newer operating system.
Currently Jeff Gossett is our pilot for this business unit and is testing out
all applications associated with your business unit.  We expect to migrate
Finance and Administration Wednesday or Thursday of next week (4/4 - 4/5)
As a former member of T.S.G. (TradeFloor Support Group - EB31/32) - I'm well
aware of the time constraints and schedules you all must work with.
Therefore, I would like to start the migration process first with visiting
with each of you, going thru a 'profile process' that should last no more
than 10-15min. Profiling can begin as early as today- so here is what I ask
of you:
*** Please reply to this e-mail with your current location, the number of
PC's you have and the number of screens/displays you have attached to each
PC, as well a date/time that I can stop by. Being that most of you sit in the
same, general location - I'm hoping this profiling process should take no
more than a few days. ***
Feel free to e-mail/call me should you have any questions or any specific
concerns with this process, as we strive to ensure the migration from WinNT
to Win2K is a smooth, efficient one.

Chris Austin
GEM Project, MCSE, CCNA
Enron Corp
713-345-6002 Work
281-830-6092 Cell
877-482-0926 Pager
chris.austin@enron.com


No

	Janette Elbertson
	11/06/2000 09:58 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Lexis CertiFinder Training EB47C2 at 10:30 AM - 11:30 AM on Friday,
11/10/2000

Do you have any interest in attending this?

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com
----- Forwarded by Janette Elbertson/HOU/ECT on 11/06/2000 09:57 AM -----

	Becky Spencer
	11/03/2000 12:40 PM

		 To: Suzanne Adams/HOU/ECT@ECT, Sheri L Cromwell/HOU/ECT@ECT, Joya
Davis/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT,
Legal Temp 1/HOU/ECT@ECT, Carolyn George/Corp/Enron@ENRON, Jenny
Helton/HOU/ECT@ect, Taffy Milligan/HOU/ECT@ECT, Linda J Noske/HOU/ECT@ECT,
Pat Radford/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT, Dina
Snow/Corp/Enron@Enron, Twanda Sweet/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT, Legal Temp 2/HOU/ECT@ECT,
Legal Temp 3/HOU/ECT@ECT, Legal Temp 4/HOU/ECT@ECT, Legal Temp 5/HOU/ECT@ECT,
Legal Temp 6/HOU/ECT@ECT, Legal Temp 7/Corp/Enron@ENRON, Legal Temp
8/Corp/Enron@ENRON
		 cc:
		 Subject: Lexis CertiFinder Training EB47C2 at 10:30 AM - 11:30 AM on Friday,
11/10/2000

Please forward the following message from Sylvia Hu to your assignments in
case they may want to attend this training.  Thanks!-Becky
---------------------------------------------------------

Dear Legal Folks:

Lexis CertiFinder is a new service that expands out of it's Public Records to
include driver's license, vehicle registration, and criminal records on
people.  Many of you came to the September presentation and have business
needs for the access.   We now have a Lexis CertiFinder flat rate contract in
place.  It is $42 per ID per month.   Please attend Lexis CertiFINDER
training in EB47C2 at 10:30 AM - 11:30 AM on Friday, 11/10/2000  or read
through the attached CertiFinder User's Guide.  If you plan to attend the
training, please RSVP to Sylvia x36775 by COB, Thursday, 11/9.  If you do
need the access, let me know and I'll request an ID for you.

Thanks,
Sylvia Hu
Corporate and Law Information Services

Lexis-Nexis CertiFINDER Contents:

Each year, fraud costs companies billions of dollars. Now that you have the
LEXIS
c
-NEXIS
c
CertiFINDERv service, you can help protect your company,s bottom line from
people who
provide misleading or inaccurate information. In fact, with this low-cost,
easy-to-use solution,
you can conduct research that will help you identify and manage corporate
risk faster and
more efficiently.
In less than 30 seconds, CertiFINDER navigates through millions of public
record documents
and relevant news articles to deliver a clearly organized, timely report
right to your desktop.*
CertiFINDER simplifies your research by enabling you to enter minimal
information (for
example, a name or address) and to search full-text documents (not just
headers) to retrieve
focused results on the person in question.
As a result, the CertiFINDER service is an ideal tool for:
 Verifying identities
 Uncovering aliases
 Establishing relationships between people and businesses or other
individuals
 Finding current or previous addresses, in addition to confirming reported
address dates
 Identifying financial distress via bankruptcies, judgments, and liens
 Disclosing real and personal property ownership
CertiFINDER reports help you identify issues that suggest potential risk and
when paired
with the LEXIS
c
-NEXIS
c
services, enable you to conduct more in-depth research within
other pertinent sources, such as company reports, financial filings, caselaw,
industry regula-tions,
import/export records, etc. By reviewing this additional information, you can
gain even
greater insight into risk variables.
To learn how simple it is to generate timely, targeted reports on an
individual using the
CertiFINDER service, consult the following pages.
* CertiFINDER reports run in 28 seconds on average vs. an average of two
minutes for DBT and one minute for ChoicePoint.
Based on internal studies conducted 4/3/00.
Distribution of displayed Social Security numbers retrieved from non-public
information is limited to a select group of pre-qualified
subscribers who go through a strict approval process and must be involved in
law enforcement, federal investigation, or fortune
500/insurance companies with an investigative unit or department dedicated to
fraud investigation. SSNs retrieved from public record
databases such as bankruptcy filings and death records will display to all
LEXIS-NEXIS subscribers.


Hi all,

I just wanted to send you a quick note to let you  know I am making a trip to Houston and would like to see each of you.  I  will be in town from June 23 through July 1.  Please let me know what your  schedule will be like that week, so I can see you.

Hope to see you soon,
Alan


Thanks for sending the model and being so prompt.  I will email a copy of the
caledonia transmission model after I confirm line data with Tapscott at 10am
and clean up subsequent pages.  Keep me informed of any developments on your
end.  Thanks.


Tell Kevin to read it also.  Remember the dream that I told you about this week?

BA


I faxed you the signed amendment.


Start Date: 3/4/01; HourAhead hour: 13;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030413.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 13 / Preferred:  40.00 / Final:   2.77)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_MAR4
  ENGY_TYPE: FIRM


Jeff -

Here is a first cut at valuing the Grant's non firm power from Priest Rapid and Wanapum hydro projects.  We assumed a term from 1/1/02 - 10/31/05.  We assumed a price curve of Mid Columbia (thus we have included no transmission costs).  Enron also assumed a payment to Grant due on 1/1/02.  The last important assumption is how to value any "negative firm" power (defined as a situation in which Grant's non firm power in one month is lower than the critical year monthly figure).  In this situation we carried over the negative water volume to the next month and net is against positive volumes.

The total value to nonfirm power using the above assumptions is approximately $68 million.  If Grant is interested in a $15 million lump sum then Enron would assume a 22% stake in the non firm hydro stream.

Briefly I would like to explain our methodology for valuing the hydro.  We took the hydro raw data from Grant on the two projects and also used the critical year assumption.  In addition we created a curve to reflect the impact of water to power prices (ie the greater the water volume the lower the power prices).  We then ran a number of simulations to create a distribution that describes the range of output values.

Jeff I look forward to speaking with you about this in more detail. You can reach me at 503-464-3810.  As I mentioned I will be out this week from Tuesday to Friday.

Stewart Rosman


Attached is the Briefing Book for the 10:00 AM (EDT) Cheney meeting on
Tuesday, April 17, 2001.

We will be making additions to this book over the weekend, and a final
document will be ready for Ken Lay and Steve Kean on Monday evening.

By fax we are sending the attachment documents which were not available to us
electronically.


Ditto Credit.

	Tana Jones@ECT
	03/29/2001 03:12 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: EOL approvals, 03-29-01

----- Forwarded by Tana Jones/HOU/ECT on 03/29/2001 03:12 PM -----

	Walter Guidroz/ENRON@enronXgate
	03/29/2001 02:10 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
		 cc:
		 Subject: EOL approvals, 03-29-01

Please see attached.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/03/2001
03:19 PM ---------------------------

Tanya Tamarchenko
12/29/2000 10:48 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Rabi De/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Vince, sorry, the files from that directory get deleted periodically. I
attached this file here.
Rabi did some analysis related to implementation of correlated non-normally
(RTDM-distributed)
variables. Let's discuss later?

Tanya.

Vince J Kaminski
12/22/2000 05:58 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Tanya,

I could not locate the file.

Vince

Tanya Tamarchenko
12/07/2000 01:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo
Lew/NA/Enron@ENRON
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Everybody,
we were talking for a while about using non-normal distributions in the
Monte-Carlo simulations in our VAR model.
I put together some suggestion regarding this. The text is under
O:\_Dropbox\Tanya\non_normal_logs.doc

Look through this 3 page document, and let me know what you think, please.

Tanya


Start Date: 4/17/01; HourAhead hour: 2;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041702.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 2 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL


Bob,

My husband and I will continue to keep Michael in our prayers.  By the way, I
really appreciate your updates.

I'm eligible to give blood again, so let me know when Michael needs more
donations.

Kay


Memo to Master Agreement Structural Issues Working Group:

Recently , ISDA requested formal guidance from counsel in 35 jurisdictions
regarding a range of issues  relating to the strategic documentation review.
Briefly, the request for advice focused on (i) proposed changes to Sections
5 and 6 of the Master Agreement; (ii) proposed Force Majeure Annex; (iii)
the effect of an ISDA Master Agreement of the Cross-Product Master
Agreement, published by the Bond Market Association and the development of
ISDA's Bridging Agreement; and (iv) the inclusion of additional types of
financial transactions under the Master Agreement.

> To date, we have received the majority of the Strategic Documentation
> Review opinions and have attached what we have received to date for your
> review.  In addition, we have attached a sample request letter that we
> sent to counsel.
>
Kimberly Summe
Assistant General Counsel
International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, New York 10020-2302
Phone: (212) 332-1200
Fax: (212) 332-1212
>
>  <<AustraliaSDR.pdf>>  <<BahamasSDR.pdf>>  <<BelgiumSDR.pdf>>
> <<BermudaSDR.pdf>>  <<CaymanIslandSDR.pdf>>  <<DenmarkSDR.pdf>>
> <<EnglandSDR.pdf>>  <<FinlandSDR.pdf>>  <<FranceSDR.pdf>>
> <<HongKongSDR.pdf>>  <<IrelandSDR.pdf>>  <<ItalySDR.pdf>>
> <<LuxenbourgSDR.pdf>>  <<MalaysiaSDR.pdf>>

 - AustraliaSDR.pdf
 - BahamasSDR.pdf
 - BelgiumSDR.pdf
 - BermudaSDR.pdf
 - CaymanIslandSDR.pdf
 - DenmarkSDR.pdf
 - EnglandSDR.pdf
 - FinlandSDR.pdf
 - FranceSDR.pdf
 - HongKongSDR.pdf
 - IrelandSDR.pdf
 - ItalySDR.pdf
 - LuxenbourgSDR.pdf
 - MalaysiaSDR.pdf


Teco Tap       30.000 / Enron

LS HPL LSK IC       30.000 / Enron