I had a long conversation with Sylvia Dooley this afternoon.  She contacted me about finalizing the Con Ed ISDA Master Agreement and the "related" Consolidated Edison Energy (same lawyer, different commercial) master.  Sylvia is preparing a new version.

We have a lot of open issues, most appearing on the open issue list that I just circulated to you both.  However, Sylvia and I identified some significant credit issues which we should address now.

Ed:  In addition to finalizing the credit matrix, the big ticket issues include the following items and (according to Sylvia) you should probably call Triche Douglas right away to resolve as she is being moved to another project and may not be available for ISDA negotiations much longer:

(1)	credit event upon merger:  Con Ed coming back with newer definition of "materially weaker". Con Ed rejects ENA's proposal

(2)	Con Ed is still rejecting our setoff language.  I will send our newer language but the substance is the same as before.

(3)	will not agree to our transfer language (i.e., always want to consent for purposes of transfer and no carve out for guaranteed affiliates)

(4)	want an extra day for delivering L/C's

(5)	issue about notification time for requesting collateral.  Con Ed wants 1 pm NY time; we countered with 11 am NY time.

(6)	are insisting that parties obtain consent for substitution of collateral

(7)	major issue with respect to holding/using collateral.  Con Ed will propose that with respect to ENA, only Enron Corp. can hold collateral and Enron Corp.'s eligibility to hold collateral will be tied to credit rating of BBB

(8)	major issue defining MAC: no one has come up with a MAC

Given my conversation of this afternoon, please let me know how you would like to proceed.  Rob, will you be handling both Con Ed entities?

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


I have received executed copies of the following assignments of certain EOL
trades (physical and financial):

1.  Assignment and Assumption Agreement dated as of December 29, 1999 by and
among Aquila Risk Management Corporation ("Assignor") and Aquila Energy
Marketing Corporation ("Assignee") and Houston Pipe Line Company

2.  Assignment and Assumption Agreement dated as of December 29, 1999 by and
among Aquila Energy Marketing Corporation ("Assignor") and Aquila Risk
Management Corporation ("Assignee") and Enron North America Corp.

3.  Assignment and Assumption Agreement dated as of December 29, 1999 by and
among Aquila Canada Corporation ("Assignor") and Aquila Energy Marketing
Corporation ("Assignee") and Enron North America Corp.

Copies of these assignments will be sent to the usual distribution group.


- CHAR5.DOC
 - M2689III.DOC


As tax season rapidly approaches, we are pleased to announce a new W-2
employee service.  If you plan to file your personal income taxes through
TurboTax 2000 (Intuit's personal tax filing software) you will be able to
automatically download your W-2 information into the appropriate TurboTax
forms directly over the Internet for free.

Enron has chosen to provide this service to help speed the processing time
and accuracy of your return while supporting paperless processing.

More information regarding this service is listed below or visit
www.probusinesstaxes.com to find out more about the TurboTax software and
Web-based filing service.

Employee Fact Sheet: ProBusiness/Intuit W-2 service

Q.  What is the Automated Tax Return (ATR) service?
A. Intuit Inc., makers of the popular Quicken TurboTax tax preparation and
filing software, have launched a new Automated Tax Return (ATR) service to
simplify tax preparation for TurboTax users. ATR allows users of TurboTax tax
preparation and filing software to import tax information from multiple
sources such as employers, brokerage houses, and mutual fund companies
directly into the correct TurboTax forms over the Internet.  Since our
payroll tax provider, ProBusiness, has partnered with Intuit to provide this
service, you will be able to electronically download your individual W-2 data
from ProBusiness directly into TurboTax through the Internet for free. Also,
as part of this program, you can receive a  5% discount on all TurboTax and
Quicken products including shipping and handling (go to
www.probusinesstaxes.com for more information).

Q. So how does it work?
A. Embedded in each version of TurboTax 2000 (both the software and web
application) is a series of screens that will ask whether your employer
allows you to automatically download your data into TurboTax.  To use the
free service, simply answer "yes" then select our payroll tax provider,
ProBusiness, from a drop-down list of providers which includes ProBusiness,
PeopleSoft, Ceridian, and seemyw2.com.  Validate your request by entering
your social security number and W-2 box one data and your W-2 data will
automatically transfer via the Internet into the appropriate locations in the
TurboTax form.

Q. Is this a secure transaction?
A.  Intuit,s TurboTax ATR service combines Open Financial Exchange (OFX), the
standard technology used in e-finance, with 128-bit military-grade encryption
to create an advanced security protocol that ensures the highest level of
security and confidentiality when obtaining financial data to populate your
TurboTax form over the Internet.

Q. How do I participate in this program?
A.  Only employees using Intuit,s TurboTax 2000 tax preparation and filing
software can take advantage of this Web-based ATR service.  TurboTax software
and the ATR Web-based filing service can be accessed at
www.probusinesstaxes.com.

Q. What if I already own TurboTax 2000(does this still work?
A. Yes, all copies of TurboTax 2000 contain the Automated Tax Return service
option.

Q. Overall what are the Benefits to me?
A.  Using the ATR service provided by Intuit and ProBusiness, you can:
? Increase your probability of accurate filing.
? Eliminate the need to manually enter your W-2 information and other
financial data.
? Increase the overall speed of tax filing.


Calif briefing


k#  MDQ
892510  16136 Access to M3
892511  7426 Access to M3
893145  5000 Access to M3
892875  9496 Access to M3

Total  38058

892872  19355 Access to M2
893589  11250 Access to M2

Total  30605


I thought we only had cashout, at most 3 times, before this June.  I can't remember.  I do know that most of the time this plant was not buring like it did in July and August of this year.  I say we just keep the dough and go to Mexico.

 -----Original Message-----
From: 	Saucier, Darla
Sent:	Tuesday, October 02, 2001 9:38 AM
To:	Germany, Chris; Gilbert, Gerald
Subject:	Oglethorpe

Hey guys,

Would you please ck the Oglethorpe deal from July 2000  - Dec 2000? Is there supposed to be a cashout booked in Sitara for these months?  Oglethorpe over paid their invoice every month.  I believe that Doug told me the extra was for the cashout that was not invoiced.

Thanks
Darla


As per my voice mail.

 -----Original Message-----
From: 	Conwell, Wendy
Sent:	Wednesday, July 18, 2001 1:31 PM
To:	Nelson, Cheryl; Taylor, Mark E (Legal)
Cc:	Cook, Mary; Bradford, William S.; Davies, Derek; Ngo, Tracy; Radous, Paul; Rance, Susan; Sacks, Edward
Subject:	Canadian Hunter Resources ISDA
Importance:	High

Cheryl/Mark

Please find attached the credit worksheet, with credit terms, for the proposed ISDA between ECC and Canadian Hunter Resources, by its managing partner Canadian Hunter Exploration Ltd.  We recently executed an EEI with this counterparty which was heavily negotiated and I would like the credit terms in this ISDA to mirror as closely as possible the agreed upon terms in the EEI.  Consequently, I am sending to you, via I/O mail, a copy of the cover sheet to the existing EEI for your reference and review.  Please call with questions or comments, and please put this on your **High** Priority List as we have a very short time frame for getting this ISDA completed and executed.

Thanks so much,
Wendy


Dear Vince,

Hi, I hope your having fun on you vacation!  I just want to drop you a line
since we haven't talked in a while and give you a progress update.  First, I
feeling much better.  Eventhough I was out last week, I finished the
following curves:

Canadian CPI
Phillippines FX and CPI
Mexican FX and CPI
Saudi Arabian FX and CPI
Guatemalan FX

We also helped London RAC with finding information on the UK inflation model
to backtest it.  Gwyn and Yana kept me very busy last week.  Yana, who lives
close by me was nice enough to drop off work at night.  Gywn and I worked on
the curves over the phone.

Yesterday, I got a call from Terry Thorn, he needed economic information and
a presentation to give to EGM management.  I gave him a copy of the
conforming assets presentation, he was very pleased.  This week, I'm working
on a urgent request from RAC.  The board has decided to resurrect Dragon 2,
so we are preparing all the curves for the APACHI region.  I'm also working
on the metals presentation.  See you Thursday.

Regards,

Maureen


Here is an updated deal sheet for the week of Monday Feb. 12th.  I will be
going through the deal sheet today with Ben, so he can track the deals and
update the deal sheet on a weekly basis.
Thanks,
Ben


CALENDAR ENTRY:	APPOINTMENT

Description:
	Terry K. - Oncall

Date:		7/8/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Patrick,

Can we track down who/how these trades are getting entered into the system?  Is there someone entering the trades into the system?  Is this just an old counterparty/book set up in GCP that needs to get renamed.  Legal (me) has no idea why trades are being done out of EGM.  Can we find out who is doing them?

 -----Original Message-----
From: 	Bradford, William S.
Sent:	Friday, October 19, 2001 3:58 PM
To:	Mulvany, Patrick; Jones, Tana; Brackett, Debbie R.
Cc:	Anderson, Diane; Moran, Tom
Subject:	RE: Riskmantra vs. EGM

I think this refers to gas daily trades between Risk Management and Trade (which is an Enron entity set up for state tax reasons) and EGM (which may be a company code for Enron North America Corp. formerly known as Enron Gas Marketing, Inc.).  If this is the case, we should document them under the Master between ENA and RMT.  However, this is up to Legal.

Bill

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Friday, October 19, 2001 3:48 PM
To:	Jones, Tana; Brackett, Debbie R.; Bradford, William S.
Cc:	Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

Here is a list of all the trades with EGM.

Thanks,

Patrick
Financial Confirmations
53877

 << File: export.csv >>

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 19, 2001 12:36 PM
To:	Mulvany, Patrick; Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

I also got an email back from Bill Bradford, head of Credit that siad this doesn't make sense.  Maybe you need to prepare a print out of the trades and send to debbie, me & bill.
 -----Original Message-----
From: 	Brackett, Debbie R.
Sent:	Friday, October 19, 2001 9:28 AM
To:	Jones, Tana
Subject:	RE: Riskmantra vs. EGM

	No idea. EGM doesn't exist.

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, October 18, 2001 6:42 PM
To:	Brackett, Debbie R.; Bradford, William S.; Campbell, Lesli; Conwell, Wendy; Espinoza, Veronica; Johnson, Rudwell; Lebrocq, Wendi; Mendoza, Nidia; Moran, Tom; Ngo, Tracy; Radous, Paul; Rohauer, Tanya; Sacks, Edward; Vanek, Darren; Williams, Jason R (Credit)
Cc:	Mulvany, Patrick
Subject:	FW: Riskmantra vs. EGM

Does anyone in Credit know the answer to this question, as I don't?
 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Thursday, October 18, 2001 5:52 PM
To:	Jones, Tana
Cc:	Anderson, Diane
Subject:	FW: Riskmantra vs. EGM

Tana,

I was just following about these trades.

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Wednesday, October 10, 2001 5:36 PM
To:	Jones, Tana
Cc:	Anderson, Diane
Subject:	Riskmantra vs. EGM

Tana,

There are about 20-30 deals in pending sent to legal status that are Riskmantra vs. EGM.  My question is should we even be doing trades with Enron Gas Marketing.  And if we should, can we set up an ISDA with RMT with an effective date of 9/5/01?

Thanks,

Patrick


We have received the executed Confidentiality Agreement dated 11/15/00
between the referenced Counterparty and Enron North America Corp., Enron Net
Works LLC and EnronOnline, LLC.  A copy will be sent to Dave Samuels.


hi tana

they're fine for non US & Canadian based products (including physical power)
- the standard exceptions would be US power, weather and credit derivatives

j

From: Tana Jones on 22/03/2001 16:48 CST
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Amerada-Hess Corporation

As an introduction:  The referenced counterparty is trying to straighten out
the online products it wants to trade with us (it's open for some, but not
all of the products it wants to trade).

When I looked at Profile Manager to see what they had already been approved
to trade, I noticed that this counterparty was opened to trade many of the
European products, including specifically European physical power products
(which is unusual for a US based counterparty to trade).

Before I go in and change the profile for this counterparty, I wanted to
check with you and see if London had specifically opened them to trade the
products they were opened to trade (especially physical power).

What I usually do when I am approving US based counterparties, is that with
respect to Non Us & Canadian products, as long as they are an Eligible Swap
Participant I open them up for all products except European physical power,
which I never open them for.  Also, Credit Derivatives, I never open anyone
up for unless we really mean it.

So, my question to you is did London actively approve the non US & Canadian
based products (especially physical power).  If you didn't, then I am going
to take this as an oversight of the pre-approval process and shut them down
for European physical power.


Peter,

Go ahead and complete the draft with what you have, and transmit it to me
with a list of questions which need to be answered to finish it.

Thanks,

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 11/21/2000 02:00:57 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:

Subject: City of Austin Facility Agreement

I have not yet received any response from Eric Boyt.  If possible, I
would like to receive that information today or early tomorrow so that I
can complete the agreement and leave the office by close of business
Wednesday.


Actually, please keep doing this, but send them only to Miyung Buster and ask
that they be included in the group of articles sent out to everyone twice a
day.  Miyung's in charge of compiling and distributing such articles on a
twice-a-day basis.  Thanks a bunch.


Sam:  Please get on my calendar for Friday.  We need to update agreements,
status, etc.  Also, we need to add a "Futures Agreement" designation to Lotus
Notes.  Please bring your latest printouts for existing agreements and
provide a copy for me.  Let's take about an hour.  Thanks.  Sara

ps  Also, if you have any questions about masters, etc., bring them along!


Deal 138049 is committed reserve long term gas totaling 1,350mm per day
which is a good deal.

 However, deal #:  348446 is a  duplicate deal which was overstated and
should be zeroed out {bad deal}.

 This is Vance response to an inquiry made by Bob.

 Daren, do you want me to zero out  deal #: 348446 ?


Shirley,

That's fine.

Vince

Shirley Crenshaw
02/01/2000 11:26 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Benefits - Personal Days

Vince:

Is the following all right to send to the group?

******************************************************************************
********
Good morning all:

The question has arisen as to whether Enron has "personal days", that,
you can take in case of repair problems at home; car problems; sick spouse,
sick child, etc.

I checked with HR and the Policy Manual and the answer is "no", but they
can be designated at the discretion of the supervisor.  I talked this over
with Vince and he has decided that the Research Group will be allowed
two (2) personal days per year to take care of personal business and
not have to take a vacation day, discretionary day, or leave of absence.

If you have advance notice (such as an air conditioner repair scheduled),
please let me know when you are going to take these days.  If an
emergency arises with no notice, please call in and let me know that you
are taking a personal day.  It will be coded on your time sheet.

These two personal days will in no way cancel or take the place of, "funeral
leave", "family leave", or "civic duty leave".  They are just a way of being
able to take care of repair problems and other personal problems that arise.
These should be very beneficial and I am sure very much appreciated by
all of us.

If you have any questions, please call me.

Shirley
3-5290


Sally - FYI.  I had Greg forward a copy of the latest memo.

Leslie
---------------------- Forwarded by Leslie Reeves/HOU/ECT on 12/06/2000 03:33
PM ---------------------------

Greg Whiting@ENRON
12/06/2000 03:05 PM
To: Leslie Reeves/HOU/ECT@ECT
cc:
Subject: Updated - Approval Authorizations

---------------------- Forwarded by Greg Whiting/Corp/Enron on 12/06/2000
02:51 PM ---------------------------

	From:  Larry Dallman                           11/07/2000 11:27 AM

To: Ben Gwaltney/NA/Enron@Enron, Andrew Zabriskie/Corp/Enron@ENRON, Linda
Martin/GPGFIN/Enron@ENRON
cc:

Subject: Updated - Approval Authorizations

---------------------- Forwarded by Larry Dallman/GPGFIN/Enron on 11/07/2000
11:24 AM ---------------------------

Richard Causey

11/07/2000 09:18 AM
Sent by: Sharron Westbrook
To: Michael K Patrick/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT, Rod
Hayslett/FGT/Enron@ENRON, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Echols/Enron
Communications@Enron Communications, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard Selzer/Corp/Enron@ENRON,
Kevin Hughes/HOU/EES@EES, Bob Butts/GPGFIN/Enron@ENRON, Wes
Colwell/HOU/ECT@ECT, Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/NA/Enron@Enron, Fernley Dyson/LON/ECT@ECT, Beth Apollo/LON/ECT@ECT,
Ben F Glisan/HOU/ECT@ECT, Mary Perkins/HOU/ECT@ECT, Larry
Dallman/GPGFIN/Enron@ENRON, Judy
Knepshield/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jim
Gearhart/Corp/Enron@ENRON, Tod A Lindholm/NA/Enron@Enron, Shawn
Kilchrist/NA/Enron@Enron, Terrie Wheeler/GPGFIN/Enron@ENRON, John
Berggren/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lisa Sutton/FGT/Enron@ENRON,
Misty Barrett/HOU/EES@EES, Dave Duncan/AA/Corp/Enron@ENRON
cc:

Subject: Updated - Approval Authorizations

As mentioned in my previous memo regarding Cash Control Standards, approval
authorizations are critical to our cash control environment.  Corporate
Accounts Payable is actively pursuing a "Workflow" system to route invoice
images for approval and processing.  This workflow solution will not be
implemented until early 2001.  In the interim, an approval process will be
implemented by AP and Treasury to ensure invoices have proper approvals and
correct general ledger coding.  Effective Monday, November 20 the following
approval authorizations will be required for all invoices, payment requests
and wire transfer requests that are $1,000,000 or greater:

(A)  Those NOT approved by an underlying contract or RAC require two
approvals:  a Managing Director approval of the payment, and an Accounting
Director approval of the general ledger coding.

(B)  Those that ARE approved by an underlying contract or RAC require an
Accounting Director approval of the payment  and general ledger coding.

In both examples above, supporting documentation must be attached.  If not
attached, then the payment will not be processed.

To assist us with implementing this approval process, I'm requesting each of
you to accumulate signatures of the Managing Directors and Accounting
Directors in your business unit using the attached form.  Please forward this
information to Larry Dallman (JFR568) by Friday, November 10th.

This new process becomes effective Monday, November 20th.  It important to
provide this information or payments greater than $1,000,000 will not be
processed.


Ms. Shackleton:

Attached is the standard SIA Form 151 "Agreement for Prime Brokerage
Clearance Services" between First Union Securities, Inc. and Enron Credit
Inc. that we discussed. If you have any questions or concerns, please don't
hesitate to contact me.

Thank you for your help,

Regan Grice
Corporate & Investment Banking, Documentation
Phone: 1-800-735-1470 or 704-593-7024
Fax: 704-593-7032
regan.grice@wachovia.com

 <<Enron Credit 151.doc>>

 - Enron Credit 151.doc


I don't think there are any receipts outstanding .. Could you please tell me which ones you're missing???  This last report had a receipt for everything.

-----Original Message-----
From: enron_update@concureworkplace.com
[mailto:enron_update@concureworkplace.com]
Sent: Thursday, January 31, 2002 9:36 PM
To: Swerzbin, Mike
Subject: Expense Report Receipts Not Received

Employee Name: Michael Swerzbin
Report Name:   Swerzbin, Mike  1/17/02
Report Date:   1/17/2002
Purpose:       Trip to Houston, TX, Meeting w/ UBS Warburg Management
Report ID:     2B266B6655BD4CEFA874
Submitted On:  1/17/2002
Report Total:  2112.45

You are only allowed 2 reports with receipts outstanding.  Your expense reports will not be paid until you meet this requirement.


_________________________________________________________________

                        F O O L W A T C H
                    Friday, November 24, 2000

benjamin.rogers@enron.com
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MsgId:
msg-27763-2000-11-24_15-23-06-5538672_1_Plain_MessageAddress.msg-15:49:06(11-2
4-2000)
X-Version: mailer-sender-master,v 1.84
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Message-Recipient: benjamin.rogers@enron.com


Laura:
Attached is a 1 1/2 pager that gives 1) the extensive list of folks who are
in the coalition and 2) the message points that they'll be using in a meeting
that will take place today with Senator Bowen and other stakeholders to
discuss "fixing" AB 1X's prohibition on Direct Access.

Best,
Jeff
---

 - dacoalition.summary.doc


CALENDAR ENTRY:	INVITATION

Description:
	Sithe Meeting  EB3270

Date:		4/12/2001
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


IntercontinentalExchange
Firm Power Price Bulletin

For Power Delivered on Tuesday, October 23, 2001
(Trade Date of Monday, October 22, 2001)
*** REVISED ***

Click here to access index history <http://www.intcx.com/SubscriberServlet/subscriberservlet.class?operation=powerIndexForm&hub=All>.

* volume represents sell-side only *

Hub	 High	 Low	 Wtd Avg Index	 Change ($)	 Vol (Mwh)
Cinergy	$23.00	$19.25	$20.50	- .34	40,800
Comed	$20.00	$18.75	$18.91	- .87	8,800
Entergy	$23.75	$20.00	$22.10	+ 1.46	18,400
Nepool	$38.00	$37.25	$37.50	- .87	11,200
Palo Verde	$27.75	$25.50	$27.09	- .28	13,200
PJM-West	$25.00	$24.00	$24.21	- 1.10	40,800
SP-15	$27.75	$27.00	$27.35	+ .12	14,400
TVA	$21.50	$20.25	$20.63	- .83	7,200

Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.

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FYI.

Thanks.
Gary

 <<preservation of evi. protocol.PDF>>

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 - preservation of evi. protocol.PDF


Janie:  I prepared a format last week for Allegheny for use until the ISDA
Master Agreement is executed.  Let me know if you have any questions.

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
----- Forwarded by Sara Shackleton/HOU/ECT on 04/11/2001 10:53 AM -----

	Sara Shackleton
	04/05/2001 02:46 PM

		 To: Kimberly Hundl/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Allegheny sample confirmation draft

Kim:  It looks fine, and, you should use this format until the ISDA is
executed.  We spoke with Allegheny this morning and they promise to execute
next week.

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

	Kimberly Hundl@ENRON
	04/05/2001 12:45 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Allegheny sample confirmation draft

Hi Sara,
Attached are the changes you requested.  Shall I begin confirming all
Allegheny deals on this form until the ISDA is complete?

Thanks for your help!
Kimberly Hundl x31647

From: Sara Shackleton@ECT on 04/04/2001 06:58 PM
To: Kimberly Hundl/Corp/Enron@ENRON
cc:

Subject: Re: Allegheny sample confirmation draft

Kim:

Attached are my comments.

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

	Kimberly Hundl@ENRON
	04/04/2001 10:43 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Melissa Ann Murphy/HOU/ECT@ECT
		 Subject: Allegheny sample confirmation draft

Hi Sara,
Ok, I think I have properly referenced the side letter in this confirmation.
Please let me know what changes should be made.

P.S. I am leaving at noon today, so if I haven't heard from you by then, I
will give you a call tomorrow morning.
Thanks!
Kim x31647


The attached press release was issued at Noon today.

(See attached file: Greenfield Expansion Release.doc)

 - Greenfield Expansion Release.doc


Absolutely hilarious.  Sorry I didn't respond yesterday, I didn't get out of
here until 10 last night.
PL


Here some other ideas:

TransCap, Inc.

TransGas, Inc.

or maybe(!), FullPipe'R'Us Corp.

Susan Scott
12/08/2000 02:28 PM
To: Jeffery Fawcett/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, TK
Lohman/ET&S/Enron@ENRON, Christine Stokes/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: Re: NewCo names

OK, here's my 2 cents' worth:

Avale Corp.
I also like Enable.
I think either one would look fine on an EBB list of customers...

Also -- any name we choose could include the words Capacity Management.  But
I'm not sure we want to or need to be that descriptive.

Jeffery Fawcett
12/08/2000 02:04 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, TK
Lohman/ET&S/Enron@ENRON, Christine Stokes/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: NewCo names

Here's my best shot(s):

NatCom Energy Services, Inc.

Streamline Energy Services, Inc.

Handyman Energy Services, Inc.

Enable Energy Services, Inc.  (var. Enerable)


[IMAGE]
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are you going tonight?  if so, what time does this begin.  also,  how about
tomorrow? where is this place?

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


As you know, we announced earnings after the market closed on Tuesday.  The
window for executive officers and directors to trade Compaq stock on the
open market opens today and will shut at market close on Thursday, November
9.  If you plan to trade, please check with Tom Siekman before placing an
order.

Please call if you have any questions about the application of the trading
window to a transaction in Compaq securities.

Linda
281-514-1433

cc:  Peter Larson by fax


the attachment did not come thru


Melanie:
Could you please make sure that Nora Dobin is on your distribution list?  She
is in Scott Sefton's group here and is reviewing all Enron Corp. docs excpet
fo the swap docs.  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)

	MWilson2@milbank.com
	05/22/2000 12:53 PM

		 To: sdwyer@enron.com, mabboudy@enron.com, aedgley@enron.com,
mevans@enron.com, plord@enron.com, baiken@enron.com, bglisan@enron.com,
mike.jakubik@enron.com, jbadillo@enron.com, jginty@enron.com,
donette.dewar@enron.com, alvaro.camarero@enron.com, sschard@enron.com,
dscott@dlj.com, rcabes@dlj.com, scott.sefton@enron.com,
carol.st.clair@enron.com, dhemsey@dlj.com, jball@dlj.com, pwoodbur@dlj.com,
rpiskadl@dlj.com, nora.dobin@enron.com, bherman@dlj.com,
melissa.p.allen@arthurandersen.com, cclementdavies@velaw.com,
jeldredge@velaw.com, smacgibbon@velaw.com, tchandler@velaw.com,
acurry@velaw.com, schimberg@velaw.com, mkidwell@velaw.com, awright@velaw.com,
eosterberg@velaw.com, bryony.juffkins-u@db.com, craig.orchant@db.com,
robert.mohamed@db.com, rose.newman@db.com, eddy.altenhoven@db.com,
deirdre.breheny@db.com, damon@rlf.com, gunter@rlf.com,
georgia.mitchell@citicorp.com, teresa.stclair@cliffordchance.com
		 cc: TSiebens@milbank.com, PFletcher@milbank.com, TDavis@milbank.com,
BKayle@milbank.com, LKeene@milbank.com, FKneip@milbank.com,
FPuleo@milbank.com, ERayner@milbank.com, AWalker@milbank.com,
JEveling@milbank.com, DLamb@milbank.com, SRivers@milbank.com
		 Subject: Project Margaux - Indenture, Agency Agreement and Enron Note

Attached are drafts of the Senior Notes Indenture, the Agency Agreement and
the Enron Note.? The Indenture and the Senior Notes Indenture are based on
Enron's standard euro documentation, with the addition of security and
guarantor provisions.? You should already have seen the draft Conditions of
the Notes in the latest draft of the Offering Memorandum distributed by V&E
yesterday.

Please note that these drafts have not been reviewed by the initial
purchasers and are subject to their comments.

We look forward to receiving your comments at your earliest convenience.

Regards,

Tom Siebens/Melanie Wilson
Milbank, Tweed, Hadley & McCloy
Dashwood House
69 Old Broad Street
London? EC2M 1QS
ph.:? 020 7448 /30343022
fax:? 020 7448 3029
email: tsiebens/ mwilson2@milbank.com

 <<Margaux Euro-Indenture.DOC>>  <<Margaux Agency Agreement.doc>>  <<Enron
Note.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - Margaux Euro-Indenture.DOC
 - Margaux Agency Agreement.doc
 - Enron Note.doc


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Stacey, I need your help in clearing PMA's for Oasis.  I have a lot of PMA's
for 1999 related to rates missing or incorrect.  Would you help me by passing
the information along to me?

Jan 1999
Mar 1999
Jun 1999
Aug 1999
Sep 1999

The Volume Management group (Rita Wynne's group) wants to have the rates
cleared up by Wednesday next week, which means I will probably need to get
something from you by Monday.  Sorry for the late notice.  Please call me at
x 3-1836 if you have any questions.

Heidi


Thanks; we'll review in light of the pipeline financings.
Jordan

 -----Original Message-----
From: 	Vann, Suzanne
Sent:	Tuesday, November 06, 2001 2:07 PM
To:	Mintz, Jordan; Walden, Clint; Howard, Kevin A.; Wadlington, Mark; Taylor, Mitch; Hayslett, Rod; 'louis.talarico@jpmorgan.com'
Subject:	Transaction Structure

Hello Pipes team.  Attached is the latest transaction structure.  Call my cell with any questions.

Suzanne Vann
713-857-6235 (c)

 << File: Transaction Structure 2.ppt >>


I will improve this tomorrow morning but here is what I am chiseling.  Really need a good sentence on the J&R stuff to refute the kahn et al letter.

- Rob


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/08/2000 11:55
AM ---------------------------

Ben F Jacoby@ECT
12/08/2000 08:32 AM
Sent by: Ben Jacoby@ECT
To: "George Kutzschbach" <gkutzschbach@fulbright.com> @ ENRON
cc: Kay.Mann@enron.com@ENRON, CCampbell@KSLAW.com@ENRON,
JKeffer@KSLAW.com@ENRON, areynaud@coral-energy.com@ENRON,
dwhaley@coral-energy.com@ENRON, TSeigler@coral-energy.com@ENRON

Subject: Re: DeltaView Document Distribution

Because of schedules, we would like to cancel the 10 AM call, and proceed
with the noon call. I apologize for the inconvenience. Please let me know if
this does not work for you all.

Thanks,

Ben

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/07/2000 05:07:09 PM
To: Ben.F.Jacoby@enron.com, Kay.Mann@enron.com, CCampbell@KSLAW.com,
JKeffer@KSLAW.com
cc: areynaud@coral-energy.com, dwhaley@coral-energy.com,
TSeigler@coral-energy.com
Subject: DeltaView Document Distribution

Attached is a revised draft of the Letter Agreement which has been
redlined to show the changes from ENA's last draft.  I am also attaching
an insert which such be substituted for Section 6.2(e) of the LLC
Agreement.

 - Redline.rtf
 - 5wn6w01_.DOC


Sara,  I had to leave S.A. early Friday and was unable to pickup a CLE form.
Can you send me one so I can get credit for the Thursday sessions.  Thanks.


Attached is the final version of Transwestern's advice comments, which has been submitted to the CPUC.
-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Wednesday, November 21, 2001 12:33 PM
To: Kevin Coughlan; Paul Clanon
Cc: snewsom@sempra.com; rswanson@sempra.com
Subject: Transwestern Advice Comments -- SoCalGas Advice 2837-A

Attached for your information is a copy of the comments of Transwestern Pipeline Company on Southern California Gas Company's November 1, 2001 Advice Letter 2837-A.

I hope that you and all your families have a very Happy Thanksgiving!

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>


Please forward to Advisory Committee
----- Forwarded by Steven J Kean/NA/Enron on 09/20/2000 09:47 AM -----

	Ann M Schmidt
	09/18/2000 08:59 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Meredith
Philipp/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Mary
Clark/Corp/Enron@ENRON
		 cc:
		 Subject: Enron Mentions

Manager's Journal: Heir to Greatness
By Gary Hamel

09/18/2000
The Wall Street Journal
A38
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Sometime in the next few months, the board of General Electric will anoint a
successor to the world's most
celebrated corporate leader. Running GE may be, as Jack Welch claims, the
best job in the world, but his
successor may find it to be one of the toughest as well -- not because
anything is going wrong at GE, but because
so much is going right, and has been for so long.

Mr. Welch's successor will inherit a company that is already stupendously
valuable, that has already shed most of
its unwanted pounds, and has already set a string of performance records. How
do you do better than that?

This is more than a rhetorical question for GE's next chairman. Pity, for a
moment, a few other heirs to greatness.
Doug Ivester was gone just 25 months after following the legendary Roberto
Goizueta at Coca-Cola. Dale Morrison
lasted less than four years at Campbell Soup after taking over from
cost-cutter extraordinaire David Johnson. British
Airway's Bob Ayling got pushed out after he had struggled unsuccessfully to
fill the shoes of Colin Marshall. And
Durk Jager prematurely stepped down as Procter & Gamble's chairman after
failing to live up to the lofty standards
set by earlier P&G leaders.

Pretenders

None of the pretenders succeeded in building greatness on top of greatness.
In three of these cases, the board
brought back a recently retired CEO or chairman to shore up investor
confidence. Sadly, Goizueta, who died in
October 1997, could not reprise his earlier success at Coca-Cola.

GE's next chairman will have to exceed Mr. Welch's near-mythic
accomplishments if GE is to continue to fly high.
Like Cisco, Intel, Wal-Mart, Nokia and any other company that is exploring
the outer atmosphere, GE must struggle
ever harder to resist the laws that threaten to flatten the arc of success:
the law of large numbers, the law of
diminishing returns, and the law of averages.

-- The law of large numbers: Over the past decade GE's market value has
multiplied eleven-fold -- to more than $560
billion from $50 billion at the end of 1990. Sustaining such a breathtaking
pace of value growth gets progressively
harder as a company gets bigger. As the most valuable company on the planet,
GE would need to grow its market
cap to nearly $3 trillion over the next five years to match the 42%
compounded annual growth rate it has achieved
over the past half-decade.

One way of escaping the law of large numbers is to divide big things into
small things. One option for GE would be
to spin out its low-growth businesses as separate companies. Over the past
five years, profits in two sectors --
appliances and plastics -- were essentially flat. Holding these businesses
may generate a positive return on
invested capital, but no investor would keep them inside a growth portfolio.
Why should GE?

If GE's next chairman can't muster the courage to leave the dawdlers behind,
perhaps he -- or she -- should spin out
the stars. Of the eight large business segments for which GE reports results,
two -- GE Capital and NBC -- account
for nearly 50% of GE's five-year profit growth. Sure, GE Capital has
benefited from its parent's dirt-cheap cost of
capital, but from an investor's point of view, these advantages may be more
than offset by the drag of laggardly
earnings growth in other GE businesses. Looking beyond capital and
broadcasting, there are probably a dozen
other high-growth candidates for spin-outs in GE's other sectors.

Mr. Welch's successor shouldn't be afraid to disassemble GE. After all, the
goal is not to make GE the "world's
most valuable company," but to make its shareholders the world's most richly
rewarded. Shareholders don't care
whether GE's stock appreciates or whether it's the stock of companies that GE
has disgorged. Breaking up is hard
to do. But Mr. Welch's successor may find that turning GE into the world's
first $3 trillion company is even harder.

-- The law of diminishing returns: Even the most successful strategies lose
their potency over time. For most of Mr.
Welch's tenure, GE's strategies of choice have been cost cutting and
acquisitions. From its unflinching approach to
downsizing in the mid-1980s, to its more recent dedication to e-business, Mr.
Welch's GE has been imaginative
and unrelenting in excising waste. At the same time, GE's top line has been
buoyed up by a tidal wave of
acquisitions -- more than 300 in the past three years, many outside the U.S.

The payoff to all this cutting and deal making has been steadily accelerating
earnings growth. Net earnings grew
10.8% in 1996, 12.7% in 1997, 13.3% in 1998 and 15.3% in 1999. Looking
forward, power dieting and binge buying
may not be enough to keep GE's earnings escalator rising ever skyward.

There are already signs that GE may be nearing the asymptotic end of the
efficiency curve. Between 1981 and
1990, GE's revenue per employee increased by 187%. Yet over the last decade,
revenue per employee grew by a
more modest 55%, and has been essentially flat since 1996. And while
operating margins in GE's manufacturing
businesses have been steadily improving, GE's net profit margin, after all
adjustments, has remained pretty much
unchanged over the past five years.

What about acquisitions? While industry consolidation still has a way to run,
particularly outside the U.S., it seems
inevitable that it will become harder and harder for GE to find under-priced,
under-managed fixer-uppers. After all, at
the current furious pace of corporate coupling, the U.S. would be left with a
single company by 2010.

That leaves "e." E-commerce will drive new efficiencies into GE's business
processes, but GE is not alone in
striving to e-enable its businesses. E-commerce is rapidly becoming an
information technology arms race -- with
competitors making tit-for-tat investments to reap tit-for-tat efficiency
gains. And while efficiency-besotted CEOs are
counting on the Internet to shrink procurement costs, savvy customers will be
just as creative in using the Net to
beat down prices. Whether GE's enthusiasm for all things "e" produces
long-lasting, peer-beating profit growth
remains to be seen.

GE's next chairman may want to borrow a lesson or two from Enron, which has
been voted America's most
innovative company five years running and displaced GE as the "best managed
company" in Fortune magazine's
last "most admired" survey. Forty percent of Enron's $63 billion market value
comes from businesses the company
wasn't even in three years ago -- all of them are homegrown.

Forget acquisitions. With GE's powerful brand, global reach and fearsome
capacity for execution, there's no reason
GE shouldn't surpass Enron as a business-building champ. It is entirely
reasonable to expect that GE could create
10 to 20 new businesses over the next few years -- with each adding an
average of $5 billion to GE's market value.

Sooner or later GE is going to need an entirely new genre of wealth-creating
strategies -- and a much more
aggressive commitment to internally generated new business development may
well be the most promising
candidate.

-- The law of averages: Over the past five years, GE's price/earnings ratio
has tripled, from just over 16 to more than
48. The company is currently selling at a 65% premium to the market average
P/E. But being a standout performer
for more than a few years at a time is a daunting challenge for any company,
large or small. It seems that no
company can forever escape the steady tug of mediocrity.

At the end of 1999, the Standard & Poor's 500 included 326 companies that had
been in the index for the entire
decade. Fifty-five of these companies, among them GE, managed to deliver top
quartile shareholder returns in as
many as four years out of the previous 10. GE's top quartile results came in
1996, 1997, 1998 and 1999. If GE's
new chairman manages to extend this streak for another four years, GE will
set a new world record, for none of the
326 S&P veterans achieved top quartile returns in as many as eight years out
of 10 during the '90s, and only four
companies -- Oracle, Home Depot, Intel and Cisco -- cleared the bar seven
years out of 10.

If GE can fire up the entrepreneurial spirit in each of its employees, it
just might beat the odds. Like most large
companies, GE seems to be reluctant to encourage employees to start new
businesses by giving them equity
stakes in new ventures. While this isn't the only way to build businesses,
it's one that can't be ignored in a world
where talented employees are often lured away by the promise of a big chunk
of equity in a start-up. GE already
invests in start-ups via GE Equity -- to the tune of $1.5 billion in 1999.
Last year GE also repurchased $1.9 billion of
its own stock. One wonders just what kind of new wealth GE's own employees
might have been able to create if
they had been backed by this kind of capital?

To have any hope of escaping Mr. Welch's shadow, and matching his success,
GE's next chairman will have to
keep a simple truth in mind: If you're trying to achieve unprecedented ends,
you're going to need unprecedented
means. A break-up, a few major spin-outs, a bottom-to-top initiative focused
on making GE as good at creating bold
new businesses as it is at improving existing businesses, an absolute
commitment to doubling or tripling GE's
internal growth rate -- these are all potential candidates for the next big
thing at GE.

Maybe, just maybe, GE will continue to fly high with its current success
recipes. One could argue that as long as
there are companies around the world that aren't as well-managed as GE, Mr.
Welch's magnificent buy-and-improve
engine will have plenty of fuel. Or that GE's Web-smitten executives will
discover Net advantages no one else has
yet dreamed of.

After 20 years under Mr. Welch, GE is habituated to meeting new challenges.
Moreover, GE has a long history of
organizational and managerial innovation -- it was among the first to
decentralize along business unit lines, embrace
disciplined strategic planning, delayer its hierarchical organization, and
commit itself to becoming Webified from
stem to stern. Like the Internet, GE is diverse, global, flat, meritocratic
and non-hierarchical.

Maybe all of this will help GE to become one of the first companies to marry
the rule-busting, business-building
ethos of the "new economy" with the "old economy" virtues of scale,
efficiency and quality. If GE succeeds, there
will be no more talk of new economy and old economy, for GE will have managed
to create a perfect synthesis of
old and new. And the most perfectly developed specimen of the industrial age
will have become the archetype for
the post-industrial corporation -- a company that uses its size and
operational excellence to crush the upstarts, and
its industry-transforming innovation to constantly surprise the old farts.
This is a worthy, and necessary, aspiration
for the next leader of America's pre-eminent corporation.

Mr. Hamel is chairman of Strategos, a consulting company based in Menlo Park,
Calif. He is author of "Leading the
Revolution" (Harvard Business School Press, 2000).

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

Spiraling energy costs creating near-crisis situation
The heat is on consumers
Monday, September 17, 2000

By DAVID IVANOVICH
Copyright 2000 Houston Chronicle Washington Bureau

http://www.chron.com/cs/CDA/printstory.hts/topstory/670583

Abreast of the Market
S&P Index Seemed Tranquil This Year, but...
By E.S. Browning
Staff Reporter of The Wall Street Journal

09/18/2000
The Wall Street Journal
C1
(Copyright (c) 2000, Dow Jones & Company, Inc.)

Amid the storm that has swept the Nasdaq Composite Index this year, the
Standard & Poor's 500-stock index
looks like a sea of tranquility.

Since Jan. 1, it has gone almost exactly nowhere, starting the year at
1469.25 and closing Friday at 1465.81.

But beneath the quiet surface, a furious battle is raging among the S&P's
components, with some of last year's
losers becoming this year's winners.

Some of the most amazing performers are the natural-gas companies, which are
up about 70% as a group so far
this year. "The natural-gas index looks like an Internet stock from a year
ago," says Richard Bernstein, chief
quantitative strategist at Merrill Lynch.

El Paso Energy is up 70% so far this year. KeySpan Energy is up almost 60%.
On top of its stock gain, KeySpan
offers something some investors aren't familiar with: a 5% dividend.

Now the big question is, should investors be plowing their money into the
recent winners, which also include drug
stocks, brokerage-firm stocks and bank stocks? Or is their surge a flash in
the pan that will evaporate as investors
get over their jitters in the fall?

Higher oil prices helped send utility stocks up on Friday, and most other
stocks down. The Dow Jones Industrial
Average fell 1.45%, or 160.47 points, to 10927.00, leaving the blue-chip
index down 2.62%, or 293.65 points, for the
week.

The Nasdaq Composite Index was down 2.01% on the day and 3.6% on the week.
The Dow Jones Utility Average,
however, rose 1.52%, or 5.94 points, on Friday to a record 397.04, leaving it
up 2.78% on the week.

The S&P 500, still the broadest of the major market indexes, dropped 1% on
Friday. But it is just 4% off its record
of 1527.46, set March 24. In contrast, the technology-heavy Nasdaq index is
down 24% from its March 10 high.

Within the S&P 500, though, there have been some dramatic moves. Utilities
are up an astounding 40%, just in the
time since the S&P peaked on March 24, according to Ned Davis Research.
Financials and drug stocks are up
about 16% each -- again, since the S&P hit a record.

Communications stocks, on the other hand, have fallen 25% in that period. The
S&P 500's big tech stocks are
down more than 19%.

Some analysts think the move that is under way is broader than a sector
rotation. Some of the least-wanted stocks
of 1999 have become desirable this year. As huge stocks, such as Qualcomm and
Yahoo!, have sagged, smaller,
once-neglected S&P companies, such as Reebok and Allied Waste, have soared.

The switch can be seen in an index called the Value Line Arithmetic Index.
That index tracks about 1,700
companies and doesn't give any extra weight to the ones with a larger market
value. It is a closer reflection of the
average company, rather than the biggest companies.

So far this year, it is up 13%, eclipsing the S&P 500. The S&P 500 is
weighted according to its members' market
value, which means that it is dominated by the larger stocks. The Value Line
index's strength compared with the
S&P 500 is a clear indication that some of the smaller stocks are making a
comeback, at least for now.

Some of the gains do seem to reflect special circumstances. Utilities have
been helped by an explosion in
natural-gas prices and by a search for stable investments in a turbulent
stock market. Many banks and brokerage
firms have benefited from takeover speculation: Merrill Lynch is up 66% so
far this year; Lehman Brothers is up
69%.

If takeover expectations fade, the brokerage stocks risk a slide. And energy
companies depend on oil and gas
prices, which can make them volatile. Natural-gas bulls note, however, that
natural-gas prices are expected to
remain high for some time, which could keep propelling that group ahead.

"Very few people thought energy prices would remain this high for as long as
they have," notes Donaldson, Lufkin &
Jenrette investment strategist Thomas Galvin. "So you still have people
underweighted both areas, energy and
utilities."

That means that there still are plenty of skeptics out there. If gas prices
stay high, the stocks have room to rise as
skeptics are won over.

But the real trick during the coming months may not be to be in the right
sector, but to be in the right stock, both
men say.

At a time when the economy is slowing and earnings growth will be more
difficult, "you probably want higher-quality
stocks, because they have more stable earnings," Mr. Bernstein says.

When tech stocks or utility stocks are in favor, it is enough to buy a stock
from the group and your stock will go up.
Now investors need to be more selective.

"El Paso and Duke Energy are extremely well managed," says Mr. Galvin, "as is
Enron. But the rising tide in
utilities has lifted all boats, and not all utilities are well enough managed
to take advantage of all opportunities."

The key is choosing the stocks that will withstand the more difficult times
to come, and that won't be easy. People
who bought Intel or Oracle at the start of this year probably feel as if it
wasn't that bad a year for tech. Both, despite
a recent sag, still are up almost 40% this year. Those who chose Microsoft or
Dell, however, took a bath: Microsoft
is down 45% since the year began, and Dell is down almost 30%.

Mr. Galvin thinks tech stocks will stage a fourth-quarter rally, as investors
look for companies that can continue to
build profits in a slowing economy. He points out that analysts expect tech
to post 38% earnings growth next year,
only a bit less than this year's 41%. But benefiting from any rally would
require picking the stocks that will have the
good earnings.

Another way of looking at the uncertain future, says Bob Bissell, president
of Wells Capital Management, is that
there could be some unexpected events. Companies whose stock prices have
fallen could be acquired, or forced to
restructure, which could provide a payoff for investors.

"I am thinking of companies like AT&T," he says. "Something has got to give
there. The stock is down to the low
30s," 47% down from its 52-week high of 61. "Something has got to happen. Do
you fragment the company?"

He also points to midcap stocks, another of the year's strongest performers.
"I call the category `the forgotten
prince,' " he says. The S&P Midcap 400 index is doing even better than the
Value Line index, up 22% since the
year began.

Some midcap companies deserve to be forgotten, of course. But the index also
contains some smaller banks that
could be takeover targets, and it has some fast-growing tech companies too.
"It is getting stronger as the
technological revolution moves companies rapidly from smallcap to midcap,"
Mr. Bissell says.

---

Friday's Market Activity

Soaring energy prices knocked market averages sharply lower.

American Express lost $1.50 to $59.31, Chase Manhattan dropped 1.66 to 49,
and General Electric, which has an
exposure to the group through its financial-services operations, gave up 2.13
to 56.69.

The group also suffered from a cooling in takeover speculation. Lehman
Brothers, for example, fell 8 to 142.50,
Goldman Sachs lost 4.25 to 124.75 and Bear Stearns gave up 4.75 to 65.

Higher oil prices helped Exxon Mobil rise 3.60 to 88.88. It reached a 52-week
high, its first since Dec. 9, while
Amerada Hess climbed 4.56 to 73.25, and touched a 52-week high of its own.

Database software company Oracle (Nasdaq) fell 6.63 to 78.31, with 60 million
shares changing hands. Despite
Oracle's announcement of strong quarterly earnings Thursday after the end of
normal trading, some analysts said
they were disappointed with the company's revenue growth.

Siebel Systems (Nasdaq), an Oracle competitor, added 4.19 to 99. However, i2
Technologies fell 3.69 to 172.19,
while Ariba lost 5.13 to 152.44, both on Nasdaq.

Red Hat (Nasdaq) lost 4.06 to 21.19. The Research Triangle Park, N.C.,
developer of open-source software products
posted a narrower-than-expected second-quarter loss, but left some analysts
disappointed.

Avon Products eased 50 cents to 41.19. The New York beauty-products marketing
concern said late Thursday the
Securities and Exchange Commission is investigating a $10 million charge the
company took in 1999 related to the
write-off of computer software.

Adobe Systems (Nasdaq) moved up 7.25 to 132.63. The San Jose, Calif.,
software developer reported fiscal
third-quarter earnings that topped forecasts.

Maytag fell 2.19 to 33.63, after the Newton, Iowa, home-appliance maker
warned about second-half earnings.

Ivax rose 2.38 to 43.63. The Miami pharmaceutical maker received final
approved from the Food and Drug
Administration for its generic equivalent of Bristol-Myers Squibb's cancer
drug Taxol.

Carnival Corp. gained 1.75 to 22.88, while rival Royal Caribbean Cruises
advanced 1.75 to 24.50. The stocks rose
on hopes that the withdrawal from the market of a smaller competitor will
ease excess capacity.

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

Politics & Policy
The Homestretch
By Gerald F. Seib

09/18/2000
The Wall Street Journal
A40
(Copyright (c) 2000, Dow Jones & Company, Inc.)

The Gore and Bush campaigns will argue over which did better in the debate
over debates, but one winner is clear:
PBS news anchor Jim Lehrer. Not only will he moderate all three presidential
debates sponsored by the bipartisan
Commission on Presidential Debates, but, under an agreement completed over
the weekend, he will do so under
rules giving him more flexibility than ever before. He will be free to bore
in on a specific subject and extend
discussion of it, rather than simply move on to other questions as in the
past. Under the debate agreement, the two
candidates will stand behind lecterns at the opening debate Oct. 3, sit
around a table in talk-show fashion on Oct.
11, and debate in a town-hall format on Oct. 17.

In other campaign developments:

-- Housing policy? In the closest thing yet to a campaign debate on housing
issues, the Republican party's Web
site is trying to entice listeners to dial in to radio talk shows and charge
that Democrats are running "The Slumlord
Ticket." Why? On top of a recent controversy over complaints by tenants of a
rental house in Tennessee owned by
Vice President Gore, the Web site touts the story of a similar headache now
faced by running mate Joseph
Lieberman. An immigrant mother was evicted when she was injured and fell
behind in rent payments at a property
owned by the estate of Mr. Lieberman's wealthy late uncle; Mr. Lieberman is
executor of the estate.

-- A fish story: To the list of the perils of holding public office, now add
the danger of flying fish. Just ask Rep. Helen
Chenoweth-Hage, an Idaho Republican, who was pelted with rotting salmon
thrown by a 20-year-old protester at a
hearing on Western wildfires held in Montana over the weekend. The protester
cried out that the conservative
congresswoman is "the greatest threat to the forest" and uncorked the salmon.
She wasn't hurt, but the Associated
Press reports that "the hearing was recessed while she cleaned salmon from
her hair and jacket."

--- Money Watch

Top "double givers" -- donors of soft money to both parties

In millions

DONOR DEMOCRATS REPUBLICANS TOTAL

AT&T $1.1 $1.8 $2.9
Microsoft 0.8 1.0 1.8
Enron 0.4 1.2 1.7
Freddie Mac 0.6 1.0 1.5
Philip Morris 0.2 1.4 1.5
SBC Comm. 0.7 0.5 1.2
America Online 0.6 0.6 1.2

Source: Common Cause

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

GE Tops Fortune's Ranking of the World's Most Admired Companies; Key To
Staying Ahead of the Pack Is Innovation

09/18/2000
Business Wire
(Copyright (c) 2000, Business Wire)

NEW YORK--(BUSINESS WIRE)--Sept. 18, 2000--For the third straight year,
General Electric, on the strength of its
management team and innovative global strategy, is No. 1 on FORTUNE's ranking
of the most admired companies
in the world. FORTUNE's third annual list of Global Most Admired Companies
consists of 379 companies in 27
industries, with 25 selected as "all-stars" for exemplifying leadership on a
global scale. Cisco Systems came in at
No. 2 on the all-star ranking (up from No. 8 in 1999); other repeat
performers in the top ten include Microsoft, whose
battles with government regulators on one flank and perceptions of a
foundering Internet strategy on the other
caused it to slip to No. 3 from No. 2; Intel (No.4); and Wal-Mart Stores,
which moved up to No. 5 from No. 7. The
complete list of FORTUNE's Global Most Admired Companies appears in the
October 2 issue of FORTUNE and is
available at www.fortune.com as of Monday, Sept.18, at 8:30 a.m.

According to Nicholas Stein's article, "The World's Most Admired Companies,"
the schizophrenic market conditions
of the past year offer one reason why the Most Admired list looks so
different this year. As Stein writes: "The
winners are companies that demonstrated a new-economy style growth strategy
while maintaining an old-economy
approach to fiscal responsibility." And, as Vicki Wright, global managing
director of the Hay Group consultancy that
helped produce the list with FORTUNE notes: "There is something new this year
in how we perceive companies. It
is the emphasis on how much companies are capable of looking forward. In a
year when old-economy companies
have not seen their share price perform, those that have managed to weather
both the old- and new-economy
storms will flourish."

Notable changes among this year's Global Most Admired list include Home Depot
leaping from No. 20 to No. 9,
Toyota moving up from No. 16 to No. 10, and Citgroup advancing from No. 25 to
No. 18. Strong demand for Sony's
flat-screen TVs, digital cameras, and PlayStation game consoles helped the
company move up from 14 to 6.
Newcomers to this year's list -- Enron, Nokia, Charles Schwab, UPS, and
Goldman Sachs -- all embody business
strategies that bridge the old and new economic worlds. Companies that lost
their all-star status -- IBM,
Hewlett-Packard, AT&T, Procter & Gamble, DaimlerChrysler -- have been plagued
with difficulties integrating new
business concepts.

Many of the industry categories also experienced significant turnover. Among
airline companies, Singapore Airlines,
which didn't even make last year's list, took the top spot from Southwest.
British Airways, hobbled by internal
conflict and heightened competition, fell from third to seventh. Though Intel
held on to the top ranking in the
computer hardware and software category, Sun Microsystems rode the dot-com
revolution to second place, up from
sixth last year, while Dell, facing a wireless (and PC-less) future, fell
from fifth to eighth. And in the white-hot
network communications and Internet technology sector, all-star newcomer
Nokia edged Cisco Systems for top
billing.

To find out what unique management qualities set these companies apart from
their peers, the Hay Group surveyed
the Most Admired Companies and their less admired peers about the performance
measures they use to chart the
progress of their companies.

According to their findings, Most Admired companies set more challenging
goals, link the compensation of their
executives more closely to the completion of those goals, and are generally
more oriented toward long-term
performance.

To complete the list of the world's most admired companies, FORTUNE consulted
the experts: the business
executives who run companies, and the analysts who study them. Global
companies were rated according to eight
criteria: quality of management; quality of products or services;
innovativeness; long-term investment value; financial
soundness; ability to attract, develop and retain talent; community
responsibility; and use of corporate assets. To
reflect this list's international scope, a ninth category was added: global
business acumen. A company's overall
ranking is the average of the scores of all nine attributes. Companies are
ranked within their industry, and the top 25
-- the All-Stars -- are culled from across all industry groups.

The October 2 issue is available on newsstands beginning September 25. For
more information, or to schedule an
interview with a FORTUNE writer or editor, contact Nyssa Tussing at
212/522-6724.
The 2000 FORTUNE Global Most Admired All-Stars

2000/1999 Company Industry
Rank

1/1 General Electric Electronics, electrical equipment
2/8 Cisco Systems Network Commun., Internet Tech.
3/2 Microsoft Computer hardware, software
4/4 Intel Computer hardware, software
5/7 Wal-Mart Stores Retail: general, specialty
6/14 Sony Electronics, electrical equipment
7/9 Dell Computer Computer hardware, software
8/NR Nokia Network Commun., Internet Tech
9/20 Home Depot Retail: general, specialty
10/16 Toyota Motor Motor vehicles
11/22 Southwest Airlines Airlines
12/11 Lucent Technologies Network Commun., Internet Tech.
13/NR Goldman Sachs Securities, diversified financials
14/5 Berkshire Hathaway Insurance: property, casualty
15/3 Coca-Cola Beverages
16/NR Charles Schwab Securities, diversified financials
17/17 Johnson & Johnson Pharmaceuticals
18/25 Citigroup Securities, diversified financials
19/15 Ford Motor Motor vehicles
20/13 Pfizer Pharmaceuticals
21/10 Merck Pharmaceuticals
22/21 Walt Disney Entertainment
23/19 American Express Securities, diversified financials
24/NR United Parcel Service Mail, pkg., freight delivery
25/NR Enron Energy transmission providers

NR = not ranked in 1999

CONTACT: FORTUNE, New York Nyssa Tussing, 212/522-6724

08:33 EDT SEPTEMBER 18, 2000

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


Lizzette. Would you mind getting with Diane on the isue of online harassment prevention training?  We have been looking into that form of delivering training. Diane has info from Littler on its proposed training. I think that the costs may be high, but I would like your evaluation of The product. Would you mind taking the lead on this?  Obviously, this is not an issue with huge time sensitivity. Thanks. Michelle
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Too bad you didn't call when you got in - I wasn't able to find Mr. B until
about 8 - we missed the first half but went anyway.  Have you guys been up to
anything fun lately?  Did you know T has a new job?  He's at an internet
start-up called iVita.

"Cutler, Marc" <Marc_Cutler@bmc.com> on 02/22/2000 04:15:23 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject:

i've been meaning to email you.  thanks for the invite last week for the
rockets... i can't remember what we were doing that evening, i think we had
went out to eat @ the cadillac bar... but we didn't get your message until
7:30ish..

thanks for thinking of us anyway.

hope all is well.

MRC

Marc R. Cutler
Treasury Credit Officer
Phone:  713-918-3428
Fax:  713-918-1236


Doug,
I will bring this issue up with EGAS management - - will revert with their feedback on this internal accounting transfer (i.e., no new cash to Enron) as well as the trasnfer of associated interest gonig forward, etc.  We need to consider the potential effect to Enron of this internal transfer from the perspective of legal strategies as well as current restructuring efforts with the lenders.

On another matter: have not heard from you regarding the Venezuela trading assistance (from Vengas).

Thanks, Mariella

 -----Original Message-----
From: 	Leach, Doug
Sent:	Friday, August 17, 2001 8:40 AM
To:	Shields, David; Mahan, Mariella
Cc:	Lessor, James N.; Buy, Rick; Moran, Tom; Price, Brent A.; Nowlan Jr., John L.; Shankman, Jeffrey A.
Subject:	SECLP

With SECLP being shutdown for almost two months and no positive news in sight I think we need to address the internal transfer of $28 million to settle the outstanding fuel bill. There is no longer a reason for this to remain on EFI's receivables and we need to settle the account.


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude Spread     http://www.carrfut.com/research/Energy1/crudespread81.pdf
Heat Spread     http://www.carrfut.com/research/Energy1/heatspread81.pdf
Unleaded Spread
http://www.carrfut.com/research/Energy1/unleadspread81.pdf

Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack81.pdf
Gas Crack     http://www.carrfut.com/research/Energy1/gascrack81.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


I'll report back to you this afternoon.

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 11:27 AM
To: Rorschach, Reagan
Subject: RE: Clarification

Figured you did, but better to be safe than sorry!


Date:		February 26, 2002

To:		Enron Global Distribution

From:		Derryl Cleaveland, Sr. Director Global Strategic Sourcing

Subject:	Audio Conferencing Provider

Enron has selected WorldCom Conferencing as our sole conferencing provider.  Under a recently signed national contract, all Enron locations can utilize WorldCom for their conference calling needs at a substantial savings when compared to other conferencing providers.

The favorable pricing supplied to us by WorldCom Conferencing gives us a significant reduction in our conference call per minute rate, providing beneficial savings to our company.  In order to achieve these savings, it is critical that all Enron employees start, or continue, to use WorldCom for all your conferencing needs.

If you are currently using another company, please begin using WorldCom Conferencing for your audio conference needs. Enclosed is information on how to set up your user profile and start conferencing with WorldCom.

Should you need additional training, information on conferencing services, or assistance in planning a meeting please contact Torri Rhodes, WorldCom Conferencing Consultant at 713-651-3278.  For account management and sales support, please contact Sandra Audrain-Gorrie, District Sales Manager at 713-888-1369.   For all internal conferencing questions or concerns, please contact Peter Goebel, Global Strategic Sourcing, Director-IT/Telephony at 713-345-3325.


John,

Quick update on sale of NA to Duke.  Stuart got them up from $120MM to $135MM (should be close book value of asset at closing).  Waiting to see if they try to knock us for issues discovered during due dili including GE/Power Systems lawsuit.  Stuart is sitting down with them tomorrow to negotiate Purchase and Sale Agreement.  At best, could  be in a position to sign this up next week.  I assume we need to DASH this or do you want to handle some other way?

Regards,

Don


The Credit Watch List is on the cabinet @ the end of Kevin Presto's row, should you need a copy.

Thanks


The attached file contains our daily citygate volume requirements for   3/30
and 3/31         .    There are two worksheets:  The one labelled with today's
date contains the volumes that we need at each of the delivery points
indicated.   The schedulers will want to check this sheet to see how much gas
is needed at a specific point.    The AGL volumes in this file are not
up-to-date, so they should be ignored.

The sheet labelled 'Daily Change' shows the change (increase +/decrease -) in
the requested daily volume relative to a prior value.  For the current gas
day,
the change is an intra-day change and is calculated using the previous day's
volume request for the current day (e.g., If the current gas day is 3/28, then
the change is computed with respect to the 3/27 request for 3/28).  For
tomorrow's gas day and any subsequent ones shown, the change is computed using
the First-of-the-month volumes requested for those days.  (e.g., If today is
3/28, then the change for 3/29, 3/30, etc. is computed with respect to the
first-of-the-month volumes for those days.)   This sheet should be useful in
determining prices for daily changes in gas volumes that we take or turn back.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03-30-00 Daily VolsAM.xls


Hi Kate,
The following are also unit contingent deals that we aren't able to confirm
unless we have a unit name.
562211
564613
566060
566062
566069
566071
566077
566078
Thanks!
Kim
---------------------- Forwarded by Kimberly Hundl/Corp/Enron on 04/02/2001
09:26 AM ---------------------------

Kimberly Hundl
04/02/2001 09:11 AM
To: Kate Symes/PDX/ECT@ECT
cc: Sharen Cason/HOU/ECT@ECT, Amy Smith/ENRON@enronXgate

Subject: Unit Contingent Deals #554737 & 556116

Hi Kate!
Hope you had a good weekend!
We need to know the unit name on these two unit contingent deals for Salt
River Project.
Thanks!
Kim


I've gone back through the ISDA Credit Support Annex and the "green book" and
my conclusion is that unless we modify the standard form, we have to give an
Independent Amount back to the counterparty when we go out of the money far
enough (note that the definition of Exposure results in a negative number
when we are out of the money reducing the Credit Support Amount below the
Independent Amount).  The theory there is that as the market moves against
us, we are cushioned by our "out-of-the-moneyness" and will be able to ask
for support as the market moves back in our favor before we are actually in
the money.  I'm afraid that Credit has been operating under the assumption
that we get to keep Independent Amounts until the Transaction terminates.  We
need to set up a system with Credit so we all know what is meant on the
credit work sheets -- i.e. whether a cushion or up-front amount should be
given back to the counterparty as we go out of the money or not (maybe the
paralegals can suggest something?).  I suggest we add the following language
(taken from the green book) when we are using Paragraph 13 and Credit tells
us they don't want to have to give the cushion amount back, no matter how far
we go out of the money:

 "Credit Support Amount" will mean the higher of (i) the amount calculated as
provided in the definition of that
  term in Paragraph 3(b) and (ii) the sum of the Pledgor's Independent
Amounts.

I will modify the Force Energy document to include it and, unless you would
like to suggest alternative language, ask Tana to add it to our list of
alternatives for Paragraph 13.


Ravi,

The proposed dates work for me.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/09/2000
05:09 PM ---------------------------

Stinson Gibner
03/09/2000 02:22 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Optical Network Engineering & Enron Research Offsite Meeting

Vince,

I will not be able to attend on this weekend (April 15), but I think the main
point is for John's guys to meet the rest of our group.   Most of them know
me already.

--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 03/09/2000
02:19 PM ---------------------------

Ravi Thuraisingham@ENRON COMMUNICATIONS on 03/06/2000 04:29:34 PM
To: John_Griebling@palm.net, Dorn_Hetzel@palm.net, Vince Kaminski
cc: Stinson Gibner/HOU/ECT@ECT, Kenny Burroughs/Enron Communications@Enron
Communications, Jim Irvine/Enron Communications@Enron Communications
Subject: Optical Network Engineering & Enron Research Offsite Meeting

Hi John, as per our discussion and e-mails, I am suggesting the following
dates for the subject offsite:  April 14 & 15 th (Friday & Sat).  Place and
agenda to follow once this date is nailed up.   The heads of each group will
decide who will attend.  We would also invite Kevin Hannon, Scott Yeager, Tom
Gros, Ted Seitz and Jean Mrha once the dates and agenda are agreed upon by
the Technical folks.

As before, the idea is to introduce the two of the most technical groups
within Enron and to exchange ideas and issues.  The Enron research team will
provide trading and modeling presentations and the Optical Network
Engineering team will present networking and components related topics.

Take away from the two days will be to provide John Griebling's group with
better understanding about how the trading markets have developed in general
and energy markets in particular via Enron (i.e.,  how the sausage was
made!).  Likewise, John's group will provide us with better understanding of
optical networking from a technical perspective.  Particularily, how EBS is
planning to develop the Puplic Switched Optical Network (PSON) that John has
'branded' our pooling point based network!

Please reply ASAP if these two days (April 14 & 15) will work.  Additionally,
John, is the original suggestion to hold it in Scott Yeager's cabin somewhere
up in Colorado mts. still holds?  If yes, I should probably let Scott know!
If not, I'll try to find other places--any suggestions, anyone?

Regards,

Ravi.


Tell him we are sending his note on to the appropriate person.

MARY
CLARK
04/03/2001 03:23 PM

To: Steven J Kean/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron

Subject: Computers

Steve, I need your help in responding to this question.

Mary
---------------------- Forwarded by Mary Clark/Corp/Enron on 04/03/2001 03:22
PM ---------------------------

	From:  Sherri Sera                           04/03/2001 02:45 PM

To: Rosalee Fleming/Corp/Enron@ENRON, Mary Clark/Corp/Enron@ENRON
cc:

Subject: Computers

---------------------- Forwarded by Sherri Sera/Corp/Enron on 04/03/2001
02:46 PM ---------------------------

Anonymous

From: Anonymous on 04/03/2001 02:32 PM
To:
cc:

Subject: Computers

Since Enron and EBS are trying to cut costs and be more cost effective, why
would a vice president need an executive computer setup at home?  Especially
if they already have a laptop (provided by Enron)  they take home every night
and have taken advantage of the Click at Home program as well.  Since Enron
has gone through the expense of giving each and every employee the
opportunity of the Click at Home program, it seems to be a somewhat redundant
expense of which I might add is unnecessary in my opinion.

I feel it would behoove ALL EMPLOYEES, including executives, to be more
conscientious of costs and expenses to improve Enron's and EBS' bottom-line.
How can we ("Enron") be a world leading company if we don't have leading
world leaders that spend Enron's money as if it were there own.

I think it would be in Enron's best interest to set some guidelines regarding
expenses such as these.  Just because a person is an executive of the company
why should be allowed to have anything they want just because they can?

Thank you for your time and the opportunity to express myself.  Especially
since I am a shareholder also and care where the money goes.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/09/2001
09:43 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/09/2001 09:40 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Pendings as of 4/9/01


Hi Vince,

Have a great thanksgiving.  I hope you have a little time to relax.  Let's get together after the holiday for a drink.

Jeff


What is the nature of the confidential information being discussed?  Will our
standard language "...furnished in connection with a possible transaction or
other business relationship..." suffice, or do you want to be more specific?
Also, do you want the bilateral form?

	Paul Finken/ENRON@enronXgate
	02/21/2001 11:18 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: NDA's

Tana,

I need three NDA's drafted and I would like to see at least one of them
before being sent.

Monterey Designs Systems, Inc.
894 Ross Drive, Suite 100
Sunnyvale, CA 94089-1443
Phone: 408 548 4681
Fax: 408 747 7377
Signer: Bill Alexander
VP Marketing
email:bill@mondes.com

Softknot Corporation
46500 Fremont Blvd, Ste 716
Fremont, California 94538
Signer: Mo Mohaved, CEO & Founder
Phone:510 226 3750
Fax:510 226 2776
email:mmovahed@softknot.com

GreenAsh Corporation
38 Watermill
Sugarland, TX 77479
Signer: Vinh Nguyen, CEO & Founder
Phone 281 989 9823
Fax: 419 831 0787
email:vnguyen@greenash.com

thanks

pf


Shoreline has sent a revision to trim down the 6722 meter from 570 to 428.
Daren I can't  tell you what it flowed last month  due to more than one
person is at that meter.  We only have 30 nominated there now.  Let me know
what you think.  Thanks.


-----Original Message-----
From:  Schedule.Changes@alaskaair.com
[mailto:Schedule.Changes@alaskaair.com]
Sent: Monday, March 05, 2001 11:56 AM
To: eldon@interx.net
Subject: Alaska Airlines Schedule Change

DASOVICH/JEFFREY MR
SELLERS/PRENTICE MS
AS  262H 26MAR M SFOMZT HK2   800A  147P
AS  211M 01APR S MZTLAX HK2   127P  413P
AS  291M 01APR S LAXSFO HK2   734P  848P

This is your updated itinerary for travel on Alaska Airlines This is an
automated message. Incoming EMAILs will not be   responded to.
If you have any questions please contact Alaska Reservations at
1-800-426-0333. Thank you.


FYI
---------------------- Forwarded by Phil Lowry/OTS/Enron on 02/10/2000 08:53
AM ---------------------------

Walt Williams
02/10/2000 08:17 AM
To: Michel Nelson/ET&S/Enron@Enron, Ken Earl/ET&S/Enron@Enron, Phil
Lowry/OTS/Enron@Enron
cc:

Subject: Haiduk Discharge Line Rupture

TG 140 Line 24" had 150 psi when ruptured at 2:05 pm 2/9/00
Damage is about 300 feet of black top, 7 telephone poles and wire, fields on
both side of road are wheat or milo stubble, one domestic tap close to hole.


RETURN RECEIPT

Your document:		A'Lones Group / Mirant Energy Americas, L.P

Was received by:	James L Copeland[NOTES:James L Copeland/ENRON@enronXgate]

At:			8/22/2001 4:12 PM (Pacific Standard Time)


Jeff,
Below are the comments from our inspector regarding the  current draw in the
amount of $180M +/-.
?
It may  be that some of the hardware is off site and hasn't been installed as
of the  inspection date. I'm sure Jeff can address this.
?
Call  if any questions.
?
?
-----Original Message-----
From: Irene Hargy
Sent:  Monday, November 13, 2000 10:49 AM
To: Fernando Parra
Cc:  Shelly Lambert
Subject: Jeff skilling Loan #  10386513

Have  received inspection on the above and have noted the  following:
?
Interior hardware installed ($20,308.47 line item, drawing $20,308.47)  Only
50% completed, drawer glides and door hinges are all that is  done.
?
We are  also still waiting for the signatures on the 3 page draw & the
Contractors  Disbursement Disclosure and change order #20.
?
Thanks!
Irene Hargy
ext.1284
?

CONFIDENTIALITY NOTICE:

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

The information contained in this ELECTRONIC MAIL transmission
is confidential.  It may also be privileged work product or proprietary
information. This information is intended for the exclusive use of the
addressee(s).  If you are not the intended recipient, you are hereby
notified that any use, disclosure, dissemination, distribution [other
than to the addressee(s)], copying or taking of any action because
of this information is strictly prohibited.

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


Hi!

                 These sales to Torch are valid.  Accounting is going to
correct.  If you do not see this happen soon - please let me know.

                                Thank You!


I am out of the office until Monday November 26.  I will be checking emails periodically.  If your need is urgent, please leave me a voice mail at 713-853-9905.  Have a Happy Thanksgiving, Gay


Please see e:mail from Nancy Hetrick below.

gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 11/28/2000 08:53 AM -----

	Nancy Hetrick
	11/27/2000 08:24 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Volume 1 of Final UBP Report

Ginger, would you please distribute this e-mail to everyone in Government
Affairs.  Thanks.

As you all know, Enron has been actively participating in an industry-wide
collaborative effort, working to develop recommended Uniform Business
Practices (UBP) for Retail Energy Markets.  This effort was in direct
response to the Coalition for Uniform Business Rules (CUBR) report, which was
published in September 1999.  THE UBP released Volume 1 of a two-volume final
report on November 22, 2000.   Volume 1 includes recommend business practices
for the following topics:  Customer Information, Customer Enrollment &
Switching, Billing & Payment Processing, Exhibit - Billing Services
Agreement, Load Profiling, Supplier Licensing, Market Participant
Interaction( MPI):  Governing Documents and Performance Standards, Exhibit -
Outline for Master Service Agreement, Disputes Between Utility and the
Supplier, Customer Inquiries, Exhibit - Customer Account Maintenance and
Glossary.  Also included in the document is an Introduction and a Preface.

We would like to promote the use of this UBP report as a key item to be
included in Enron's advocacy efforts for state restructuring legislation and
commission implementation proceedings.  This report can be downloaded and
printed from the following website:  http://www.ubpnet.org/workshop/index.htm
.  If you would prefer to receive a printed copy of this report, please
e-mail me with your request and we will make the necessary arrangments for
the report to be printed and distributed.

Volume 2 which will address unbundled electricity metering will be published
by year-end 2000.  I will let you know when this portion of the report is
available.

Also, please feel free to contact me if you have any questions regarding this
report or if you would like assistance in promoting the use of the UBP report
within the various states.  Vinio Floris, who has recently joined our group,
will also be working with me to promote the use of this report.  Barbara
Hueter is also devoting time to this project by participating with other
Suppliers in developing and implementing a consumer outreach program.


Start Date: 4/17/01; HourAhead hour: 6;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041706.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 6 / 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

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 6 / Preferred: -100.00 / Final: -98.00)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  TRADING_SC: AEI1
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 6 / Preferred: 104.88 / Final: 102.88)
  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 4/17/01
  SC_ID: EPMI


Please see attached file.  If you have any questions, please call me at (713)
345-3858.