John,

It does not sound silly to me.  I don't get that many opportunities to sit
down
with those guys in a relaxed atmosphere and chat.

I shall read the notes and get back to you. I have just come back from
 Philadelphia and have to catch up  with a few things.

Vince

"John D. Martin" <J_Martin@baylor.edu> on 12/06/2000 09:39:50 AM
To: vkamins@enron.com
cc:
Subject: Good morning

Vince,

i know that you are in Philadelphia today but wanted to ship you my "first
pass notes" before I leave town in the morning.  Please edit/add to or
delete anything you think is appropriate.  My objective in the notes is
just to get things down on paper before too much time has passed.  When I
place something in  quotes this indicates a direct quote.

I'll give you a call next week when I get back to town.  Thanks again for a
truly memorable experience.  I plan to frame Jeff's Enron model.  It may
sound silly to you guys but we academics really appreciate opportunities
like the one I got on Monday.  What a truly spectacular day.

Take care,

John

p.s. Andy gave me his note care describing the demand for a peaking plant
but I wasn't able to get him to sign it.  I hope I did not offend him by
asking for his signature on that silly graph.  After I left his office it
occured to me that he might think I was making light of him.  Please
explain to him that I was not and will treasure his simple model as
capturing the essence of optionality in a real asset.
 - EnronInterviewNotes.doc

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Hi, Sally,

I am an associate working for EBS. I am sorry we didn't have a chance to meet
for the mid-year PRC. Could you schedule sometime next week so that we can
meet face to face? I'd like to talk about the mid-year also. Thank you.

Jun Wang
Enron Broadband Services
Office# 713.853.0425
Fax#     713.646.3271
jun.wang@enron.net


That sounds fine to me.  If I'm reading it correctly, we are actually
changing the other Gas Daily books to have the same logic as the Gas Daily
Options book currently has.  If my understanding isn't correct please let me
know.  But I think everything thing should be okay to implement tomorrow.

Thanks,
Robin

	Enron North America Corp.

	From:  Wei Hu                           07/05/2000 06:11 PM

To: Robin Rodrigue/HOU/ECT@ECT
cc: Ganapathy Ramesh/HOU/ECT@ECT
Subject: GAS-DAILY-OPT-GDL

Robin,

The current logic for processing Gas Daily books is as the following:

 If it is a Swap deal (swap_cd is 'S' in ERMS), we check two date conditions
(ref_dt > eff_dt and ref_dt < nextMonthDt);
 If it is a Option deal (opt_cd is 'O' in ERMS), we only check one date
condition (ref_dt > eff_dt).

That's why you saw prompt month positions for 'GAS-DAILY-OPT-GDL', those are
all from Option deals.  Other Gas Daily books either don't have prompt month
positions or the delta position is zero, so you don't see it.

The proposed logic change is even for the Swap deals, we only check one date
condition (ref_dt > eff_dt).  I don't think there will be any double counting
for books like GAS-DAILY-OPT-GDL after the change.

Let me know what you think.

Thanks,

Wei


Regulatory

S. Montovano - E. Gas
J. Dosovich - W. Gas
C. Nicolay - FERC
Alan Comnes	West Power
S. Walton - E. Power
J Steffes
Charles Yeung	ERCOT
Susan Lindberg
Sarah Novosel	FERC

Are all of these people still here?  We obviously hope so, as we would like them for NEWCO


We need to chat about the following VNG deals.
420130,  543185,  and 543186


You have been identified as a person who may have contact with power in
California.  Based on our receipt of various subpoenas, we will be preserving
your past and future electronic mail.  Please be prudent in the circulation
of electronic mail relating to your work and activities.  Thank you.


Karen,

Upon re-review w/Credit, we have decided not to open this counterparty up for
financial trading until further legal and credit issues are resolved.

	Karen Lambert
	10/11/2000 12:06 PM

		 To: Lisa Lees/HOU/ECT@ECT
		 cc: Bradley Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 Subject: Re: RUSH APPR0VAL-Salomon Smith Barney AAA Energy Fund

Please confirm that this is the counterparty previously approved for online
trading for EOL under the same name and identified as CP ID # 77297.
Also, please confirm whether you need financials for ENA or for all worldwide
financial product trading categories.

From:  Lisa Lees
10/11/2000 11:58 AM

To: Karen Lambert/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: RUSH APPR0VAL-Salomon Smith Barney AAA Energy Fund

Please respond to the rush request below.

Thanks.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/11/2000 11:53 AM
---------------------------
From: Tana Jones on 10/11/2000 11:33 AM
To: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Tom Moran/HOU/ECT@ECT
Subject: RUSH APPR0VAL-Salomon Smith Barney AAA Energy Fund

John Arnold wants this counterparty opened ASAP for financial.  We didn't
have any financial statements from them when they originally came thru, so we
couldn't determine their ESP status, but we're OK now, so if you could open
them for financial ASAP.

Thanks.


Please hit "REPLY" then delete the text in the "subject" line, replace it
with your RSVP to the board meeting next Tuesday, hit "send" and
WA-LA.....Information regarding time & location can be found on the agenda.
Call if any other questions.
 <<Agenda Board 12-05-00.doc>>  <<11-07-00 Board minutes.doc>>  <<2001 Plan
& Budget.doc>>  <<Retiree Health Insurance.doc>>

 <<State Legis. Items.doc>>  <<Higher Ed Funding.doc>>

Arlene McCarty
Executive Assistant to the President and CEO
Greater Houston Partnership
(713)844-3602 Phone
(713)844-0202 Fax
amccarty@houston.org

www.houston.org

 - Agenda Board 12-05-00.doc
 - 11-07-00 Board minutes.doc
 - 2001 Plan & Budget.doc
 - Retiree Health Insurance.doc
 - State Legis. Items.doc
 - Higher Ed Funding.doc


Many thanks. Apologies for the error, I obtained Tana's e-mail details from
someone at Enron in London and they had misspelled it for me.

Thanks again for all your help.

Clare

-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Monday, October 09, 2000 6:00 PM
To: Clare.Godson@AllenOvery.com
Cc: Tana.Jones@enron.com
Subject: Re: FW: Deutsche Bank ISDA Master Agreements

Clare,

Thanks for your note.  Your e-mail trouble is due to the spelling of Tana's
name - should only be one 'n.'  I am forwarding this on to her.

Mark

                    Clare.Godson@Alle

                    nOvery.com               To:     mark.taylor@enron.com

                                             cc:

                    10/09/2000 04:50         Subject:     FW: Deutsche Bank
ISDA Master Agreements
                    AM

Mark,

I am having some problems sending this to Tanna.  her e-mail keeps bouncing
back.  Could you pass this on to her please?

many thanks for your help.

Kind regards,

Clare

>  -----Original Message-----
> From:   Godson, Clare:ICM (LN)
> Sent:   Friday, October 06, 2000 3:16 PM
> To:     'tanna.jones@enron.com'
> Cc:     Markus.Fiala@enron.com; Nicholas.J.Stephan@enron.com;
> Rod.Nelson@enron.com; 'Elaine.Bannerman-Sowah@enron.com';
> edmund.cooper@enron.com; denis.o'connell@enron.com; paul.simons@enron.com
> Subject:     RE: Deutsche Bank ISDA Master Agreements
>
>
> Tanna,
>
> Could you please give me an update on where things stand on the
> finalisation of the Guarantees and Schedule with Deutsche.  I understood
> that the guarantees were with Enron Corp. for final approval and
> signature.  Is the documentation now agreed? As you are aware the
> negotiation of the documentation with EnronCredit.com is dependent upon
> the finalisation of the documentation outstanding with Houston.
>
> Many thanks for your help.
>
> Kind regards,
>
> Clare
>  -----Original Message-----
> From:   Godson, Clare:ICM (LN)
> Sent:   Friday, September 22, 2000 3:06 PM
> To:     'tanna.jones@enron.com'
> Subject:     First Union National Bank (FUNB) ISDA Master Agreements
>
> Tanna,
>
> Thanks for your help on the Goldman Sachs and Deutsche negotiations.  If
> you could keep me posted on the timing of the Deutsche agreements being
> put in place that would be really helpful.  I also have another quick
> request and that relates to the ISDA Master Agreement with FUNB.  I have
> spoken to Delene Travella at FUNB.  They are negotiating an ECTRIC
> Schedule with you in Houston which they want to finalise before
commencing
> EnronCredit.com's negotiation.  Can you give me an update on where this
> negotiation stands and how long before it is likely to be finalised?
>
> Many thanks,
>
> Clare Godson

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

This email is confidential and may also be privileged.  If you are not the
intended recipient please notify us immediately by telephoning +44 (20)
7330 3000 and requesting the Technology Services Helpdesk. You should not
copy it or use it for any purpose nor disclose its contents to any other
person.

Allen & Overy
One New Change
London
EC4M 9QQ

Tel:+44 (20) 7330 3000
Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Allen & Overy is a solicitors' partnership.  A list of the names of
partners and their professional qualifications is open to inspection at the
above office.  The partners are either solicitors or registered foreign
lawyers.

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


Dear Vince,
I enjoyed very much meeting you at the EPRM  conference.
As agreed, I am attaching both my resume and  the paper on my dissertation work, which I will be presenting at the Real  Options Conference in UCLA next month.  I would be delighted to have your  comments and impressions on it.
If it is of interest to you, I would also be  very enthusiastic about exploring together different powerful  ways of applying these concepts at Enron.

Early congratulations on your son's graduation; let  me know if you come to the Bay Area soon.
Best regards,

Maria Ines De Miranda
PhD.  Candidate

Management Science and Engineering
Stanford  University
 - Resume Maria I. De Miranda.doc
 - RO01-Demiranda.pdf


lose this email address!  your site has been blocked by my company and I can not remove as described below.

 -----Original Message-----
From: 	Stacie Miller <NationalBrands@processrequest.com>@ENRON [mailto:IMCEANOTES-Stacie+20Miller+20+3CNationalBrands+40processrequest+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, September 26, 2001 7:58 PM
To:	Ward, Kim S (Houston)
Subject:	Have you gotten your order yet?

  [IMAGE]  [IMAGE] These items have been included in your FREE CELL PHONE package:   FREE NOKIA 5165 digital cell phone---factory fresh!  FREE Long Distance  $30 rebate  FREE Shipping and Handling  400 anytime minutes PLUS 2000 FREE night and weekend minutes  FREE Voice Mail, Caller ID, and Incoming Text Messaging  Great calling plan from AT?Wireless, just $39.99/month and you can change your plan anytime, once you receive your phone    [IMAGE] << File: http://www.prq0.com/apps/redir.asp?link=XbchahfaCC,ZbbhiefjiaED&oid=UcjgbBI >>   CLICK NOW << File: http://www.prq0.com/apps/redir.asp?link=XbchahfaCC,ZbbhiefjiaED&oid=UcjgbBI >>  for this special, limited-time offer!   Requires activation through AT?Wireless Services; subject to credit approval [IMAGE]   [IMAGE]

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How should I respond to soybeans?  It is on the list of commodities we might
trade.
----- Forwarded by Tana Jones/HOU/ECT on 06/30/2000 08:14 AM -----

	Frank Hayden@ENRON
	06/29/2000 02:15 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 bcc:
		 Subject: Re: Financial Interest in Commodity Futures Account

Tana,
I'm with Risk Assessment and Control and I'm currently not trading in the
account.  (It is an old account that was opened before I started at Enron.  I
haven't traded in it because Enron appears to trade in everything! )
However, since I have you,  I am currently considering buying some options in
soybeans. Would this be against Enron policy?
Thanks,
Frank

From: Tana Jones@ECT on 06/29/2000 01:17 PM
To: Frank Hayden/Corp/Enron@ENRON
cc:

Subject: Re: Financial Interest in Commodity Futures Account

Thanks for your response.  Yes, I I do need to know two things.  First, the
group you are in, and then second, what products you are trading out of the
account.  The Enron Trading Policy prohibits employees from trading in any of
the products the company trades in.

Thanks!

	Frank Hayden@ENRON
	06/29/2000 01:04 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Financial Interest in Commodity Futures Account

Tana,
Pursuant to an email from Mark Taylor, I am notifying you that I have a
financial interest in a Commodity Futures Account.
Let me know if there is any additional information your require.
Thanks,
Frank


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/10/2000
05:16 PM ---------------------------

"Dalecka, Patrycja ." <Patrycja.Dalecka@destia.com> on 03/10/2000 02:40:19 PM
To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Hello

Vince,
Dziekuje bardzo za artykul.
Troche sie go wystraszylam dzis rano, gdyz nie slyszalam, zeby Aiesec mial
jakis back up plan...
Przepraszam za moja gwaltowna reakcje.

Tymczasem zycie toczy sie dalej.
Zalaczam moje resume, postaram sie poprawic jego forme na poniedzialek...
niestety tresci juz nie poprawie, wiec mozesz poczytac... ha, ha
Rozumiem, ze czas najwyzszy poszukac "rozsadnej" posady...

pozdrawiam,

Patrycja

 - resume.doc


I can meet at 900 on Thurs.  I will be out of office from 1030 until 300 and
then back
thanks

	"Laura Gibson" <lgibson@ogwb.com>
	04/10/2001 04:36 PM
	Please respond to lgibson

		 To: "Elizabeth Sager" <Elizabeth.Sager@enron.com>, "David Portz"
<David.Portz@enron.com>
		 cc: "Bonnie White" <bonnie.white@enron.com>, "Bill Ogden" <bogden@ogwb.com>
		 Subject: Meeting this week to discuss Calpine

Elizabeth and David, have you had a chance to get back with Bonnie's
assistant who is trying to schedule a meeting this week to work on your
affidavits in response to Calpine's motion for summary judgment? We are
trying to meet this Thursday 4/12. Will you either call Lee Carrier at
853-6612 or respond to me by e-mail regarding your availability? As our
response is due on 4/20, I would appreciate your earliest response. Thanks
very much. Laura Gibson


Alan, I just called our counsel on this matter this morning to find out the
status.  I believe that Cline has different counsel now, and I will find out
about this asap.  Michelle

	Alan Aronowitz
	06/08/2000 09:20 AM

		 To: George McClellan/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT
		 cc: Daniel Reck/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT, Wayne
Gresham/HOU/ECT@ECT
		 Subject: Re: Clonch lawsuit

Michelle:

Please look into this and speak with our Charleston counsel, and then apprise
the people copied on this note.

Thanks, Alan

	George McClellan
	06/07/2000 10:45 PM

		 To: Tom Mcquade/HOU/ECT@ECT
		 cc: Daniel Reck/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 Subject: Re: Clonch lawsuit

Thanks Tom.  If he calls back tell him to speak with Alan.

Tom Mcquade
06/07/2000 04:17 PM
To: George McClellan/HOU/ECT@ECT
cc: Daniel Reck/HOU/ECT@ECT
Subject: Clonch lawsuit

I was contacted by Cline's attorney who is handling the Clonch lawsuit.  He
wants to depose Enron emploees with direct knowledge of the events leading up
to suit filed by Clonch.  I told him that we will have an Enron lawyer
contact him.  He is apparently in direct contact with the firm in Charleston
representing us.  I will wait until we talk before contacting anyone
regarding the matter.


Pani Agato,

Wysylam kopie mojego planu podrozy (zalacznik).
Prosze potwierdzic te wiadomosc i podac numer Pani telefonu.
Zadzwonie do Pani z hotelu we wtorek i podam numer pokoju.

W. Kaminski

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/02/2001
10:42 AM ---------------------------

VKaminski@aol.com on 04/01/2001 05:13:33 PM
To: mba@poczta.wshifm.edu.pl
cc: VKaminski@aol.com, vkamins@enron.com
Subject: Re: Obrona - MBA

Pani Agato,

Dwa punkty:

1. Pytania
2. Dodatkowe komplikacje.

I. Pytania

Controlling wprzedsiebiorstwie

1. Prosze przedyskutowac podzial funkcji miedzycontrollingiem i
rachunkowoscia.
Czym rozni sie controlling odwewnetrznego i zewnetrznego auditing.
2. Prosze omowic zalety? oraz wady &rachunku kosztow dzialan8 (ABC).

Analiza wskaznikowa

1. Prosze przedyskutowac ograniczenia analizy wskaznikowej.
2. Prosze omowic istote analizy piramidalnej. Jakie informacje o stanie
finansowym przedsiebiorstwa mozna uzyskac stosujac te metode?

Pezentacja instrumentow analizy finansowej

1. Prosze omowic metody przewidywania potencjalnego? bankructwa firmy przy
zastosowaniu analizy wskaznikiwej.
2. Prosze przedyskutowac klasyfikacje wskaznikow ekonomicznych
wykorzystywanych do ocenyprzedsiebiorstwa.

II. Komplikacje.

We wtorek, 3 kwietnia rano, wylatuje do Filadelfii. Powinienem dotrzec do
hotelu okolo godziny 12 czasu lokalnego, czyli godziny 6:00 wieczorem czasu
polskiego. Roznica czasu w stosunku do Houstonu jest 7 godzin, ?w stosunku
do
wybrzeza wschodniego jest 6 godzin.

Jutro przesle szczegolowy plan podrozy, ktory bedzie zawierac adres i numer
hotelu. Prosze przeslac mi numer, na ktory moge zadzwonic, by podac numer
pokoju, lub zadzwonic z samolotu w przypadku opoznienia lotu.

W. Kaminski


So you didn't miss me...I can tell

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, October 23, 2001 1:35 PM
To:	Rybarski, Amanda
Subject:	RE:

whatever

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, October 23, 2001 1:30 PM
To:	Maggi, Mike
Subject:	RE:

ugh

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, October 23, 2001 1:30 PM
To:	Rybarski, Amanda
Subject:	RE:

I forgot I have a 4:15 doctors appt

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, October 23, 2001 1:04 PM
To:	Maggi, Mike
Subject:	RE:

5:00  what about you?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, October 23, 2001 1:02 PM
To:	Rybarski, Amanda
Subject:	RE:

what time are you leaving

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, October 23, 2001 12:24 PM
To:	Maggi, Mike
Subject:	RE:

yeah, but that's all

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, October 23, 2001 12:24 PM
To:	Rybarski, Amanda
Subject:	RE:

at least I called

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, October 23, 2001 12:15 PM
To:	Maggi, Mike
Subject:

Well it sure has been nice talking to you.


Susan,

Attached in the file are the testing results.

 Also you can run a script file to test more PID/deals if you'd like . This
script file uses my modified version of PORTCALC, and  is on  UNIX,:
  ~stang/port_calc_test.csh you can go to my home  directory  ~stang, then
type port_calc_test.csh PID and run it.

Let me know if you have any questions.

Shouan


This is the Los Angeles Times article Mark has been working on...

California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse group of wholesale electricity merchants than suggested by Gov. Gray Davis, who has aggressively blamed a handful of Texas companies, state records show.
During the first three months of this year--one of the worst stretches of power shortages during the crisis--an assortment of public and private entities charged the state prices averaging well above some of those paid to Texas firms, according to documents released to The Times on Monday by the Department of Water Resources, which now buys power for California.
Among those setting and collecting some of the highest average prices per megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas & Electric's parent company, and the Los Angeles Department of Water and Power, the report shows. Their average prices ranged from $498 a megawatt-hour charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292 an hour by the DWP.
In fact, some of the biggest private power companies singled out for criticism by Davis and other state officials--Dynegy Inc., Duke Energy and Mirant--charged less than the average prices the state paid for the period. Those companies' average prices ranged from $146 to $240 per megawatt-hour, according to an analysis of the documents.
The figures cover the various types of spot and longer-term power purchased by the state during three months that included rolling blackouts and more than a month of razor-thin reserves, leading to continuous power emergencies.
Davis spokesman Steve Maviglio said the governor has directed his sharpest barbs at private out-of-state generators because, in general, they have reaped the highest profits over the longest period.
"You have to look at the whole picture," Maviglio said.
"The governor was expressing his displeasure with the arrogance of the generators who wear cowboy hats," he said. "Their profits were 100% to 400% above last year. . . . Just because there are other entities who are charging us more [per megawatt-hour] doesn't change the fact that we are getting ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."
The report by the Department of Water Resources was provided to The Times on the same day the state released 1,700 pages of documents on California's electricity purchases on the volatile spot market for the year's first quarter.
The records detail how the state spent nearly $8 billion buying power in the first five months of the year, and underscore the complexity of the state's energy problem. They also show that patterns of high prices are not limited to a few generators.
Oscar Hidalgo, a spokesman for the water resources agency, said that the reports together show that prices were extremely volatile early in the year. "All the prices were high," he said, noting the downward trend in costs since his agency began buying power in mid-January.
The average price per megawatt-hour for all state purchases went from $316 in January to $243 in May. Spot prices fell from an average of $321 per hour to $271, the reports show.
In the first quarter of the year, some public entities' prices far exceeded those of the biggest private companies. For example, Houston-based Enron, one of the nation's biggest power traders, charged an average of $181 per megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a total of $706 million, charged an average of $225 per megawatt-hour.
By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a megawatt-hour, and the Sacramento Municipal Utility District had average charges of $330 per megawatt-hour.
A spokesman for Enron, Mark Palmer, said recently that the "vilification of Enron was based on politics, not facts." Spokesmen for BC Hydro could not be reached late Monday to comment on its huge sales to the state. In the past, the utility has defended its pricing practices, saying it has offered last-minute hydroelectric power that helped keep California's lights on.
A spokeswoman for Sempra, the parent company of San Diego Gas & Electric, said late Monday the company was unable to comment because it had yet to see the figures released by the state. Officials at DWP, who could not be reached Monday evening, have defended their pricing, saying the costs of producing the power needed by the state were extremely high.
More Power Bought Than Projected
Hidalgo, of the Department of Water Resources, said his agency's efforts, coupled with conservation by business and consumers and falling natural gas prices, have begun to tame the state's market.
Still, the state had to purchase $321 million in power in April and May, about 10% more than Davis' analysts had projected.
Hidlago said that was because of hot weather in May and other supply problems in April. He said reports will show that power purchases fell short of state projections in June and early July.
The reports also will show that prices paid by the state were down in June and July, partly because spot prices have fallen sharply, often to well under $100 a megawatt-hour.
A summary Department of Water Resources report released Monday credited Davis' program of nurturing new power generation and establishing long-term power contracts with with "moving the California electric energy industry closer to normalcy."

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


Attached is a revised agenda for the meeting.

Here are the background materials related to topics to be discussed at the
meetings

If you prefer, hard copies of the roundtable materials will be available at
the meeting.


BUSINESS HIGHLIGHTS

Enron Global Markets
Washington, DC -- The Society of the Plastics Industry Inc. (SPI), the trade association representing one of the largest manufacturing industries in the United States, announced that it has entered into a strategic alliance with Enron Global Markets LLC (EGM), to jointly promote price risk management financial products that will help plastics processors in managing financial risks associated with resin price volatility.

Through this agreement, SPI members will have direct access to EGM's experience in the plastics industry and to the financial products the company currently offers to the market. In addition, SPI and EGM will offer special seminars uniquely tailored to the needs of the SPI membership on effectively managing price risk. As part of Enron's partnership with SPI, we will conduct a series of industry-specific risk management seminars.

Companies in the plastics industry today face a number of challenges such as rising costs in raw material and energy, and economic factors beyond their control including slow demand.  Financial products being offered by EGM can, for example, fix or establish a maximum resin price for a given period of time, thereby allowing the companies to make better business decisions and improve financial stability.

EGM Crude and Products Fundamentals
The EGM Crude and Products Fundamentals team is proud to announce the launch of its new "Morning Briefing" report.  The report is aimed at providing traders, mid marketers and originators with a detailed yet concise overview of factors impacting the oil and products markets in the previous 24 hours and how these factors are likely to affect the market in the coming day.  In addition to market moving news items, the report contains key market data such as prices, MMBtu curves, refinery outages, open interest analysis and various other market driving information.  The report is updated by 7.30 a.m. each day and can be found on the Crude and Products Fundamentals intranet at <http://egmfundy.corp.enron.com/crude/> under In House Analysis, Morning Briefing.

EES Business Center
The Business Center is ready to receive and track all customer leads and service issues. EES needs a single point of entry for all customer calls and issues to ensure customer satisfaction. Starting today, please route all general inquiry calls to our Business Center to provide each customer with consistent and effective assistance. The number for the Center is 800-337-7827 (800-EES-SVCS) or calls can be transferred to x59390.  You may also contact them through e-mail at EESBusinessCenter@enron.com.

In the event that an account, partner, utility or vendor's activity affects EES' interests, an URGENT ISSUE request should be filed immediately. Such activity includes change in credit rating, bankruptcy filings, high risk shut-off notices, health and safety concerns, possible litigation, etc. File the relevant information by either phone or e-mail and note it as an URGENT ISSUE to enable the Business Center to act immediately.

EWS Business Analysis and Reporting
Enron Wholesale Services (excluding Net Works) has nearly 1350 invoices totaling almost $12 million waiting for coding and approval in the iPayit system.  Over 900 invoices have been in the system greater than 30 days.  Although a company-wide task force is working to improve the entire process, each of us needs to do our part to ensure accurate and timely payment to our vendors.

Following are the statistics on invoices in the system greater than 30 days:

ENA	443 invoices totaling $4.3 million
EBS	358 invoices totaling $4.6 million
EGM	 87 invoices totaling $262,000
EIM	 33 invoices totaling $123,000

If you purchase items that generate invoices (including cell phones, pagers, etc.), or if you are responsible for coding and approving invoices, you will receive an e-mail notification that an invoice has arrived in your iPayit inbox.  You must log on to iPayit and take the appropriate action.  No one else can process the invoice for payment while it is in your iPayit inbox.

We expect EWS to stay current and process the invoice within 5 days of notification.  We will continue to monitor the status of accounts payable and expect to see significant improvement by the end of September.

If you need assistance processing outstanding invoices, please contact Christa Winfrey at christa.winfrey@enron.com.

IN THE NEWS

Judge Delays California Refund Report Until March 8

Washington, Sept. 25 (Bloomberg) -- The judge who will recommend whether Enron Corp., Duke Energy Corp. and other power sellers owe California as much as $8.9 billion in refunds for electricity sales has postponed his recommendations until March 8.

Federal Energy Regulatory Commission administrative judge Bruce Birchman said today that California's grid operator needs more time to collect information about power sales during the October-through-January refund period. This is the second time he postponed his report. Birchman originally said he would make his recommendations to the commission by Nov. 5, then delayed it to Dec. 13.

California demanded the refunds, charging that the power sellers inflated electricity prices. Power providers blame the fourfold increase in the average price of power in California from January to June compared with a year earlier on supply not keeping up with demand.

``I'm not surprised the judge is having trouble finding evidence because I don't think that refunds are due from anybody,'' Enron spokesman Mark Palmer said.

WELCOME
New Hires
EGM  - Gary Denton, Luisa Rivera, Marc Graubach, Tassio Carvalho
EIM   - Sally Bailey, Scott Royster, John Gwaltney, Shawn Mejdrich,
ENA  - Trenton Johnson, Kimberley Jacobson, Purvi Patel, Dale Furrow, John LaBorde, John Morris

Transfers (to or within)
ENA - Monica Brown, Rahul Seksaria, Ofelia Morales, Francis McGuinness, George Phillips, Greg Branan, Jeffrey Bartlett, Mark Dypiangco, Ronald Williams, Russell Woody, William Loving, Cynthia Simon, Deann Hogan, Kathy Bass, LaDonna Finnels-Neal
EGM - Michael L. Miller, Chris Hall, Marc Graubart

NUGGETS & NOTES

CHAIRMAN'S AWARD 2001

Do you have a colleague that deserves to be recognized for their dedication and commitment to Enron's core values - Respect, Integrity, Communication, Excellence?  The 2001 Chairman's Award is your chance to put forward someone you know who really captures the spirit, philosophy and the day-to-day business practices of our company in their work, their attitude and in how they regard their colleagues. All Enron employees can nominate fellow employees at any level - from the top down or bottom up.

The nomination process is simple. Submit a completed nomination form, available on <http://home.enron.com> by Wednesday October 10, 2001. The award winner and finalists will be announced at the annual Enron Management Conference in San Antonio, Texas on November 16, 2001.

EnronOnline Figures
Below are the latest figures for EnronOnline as of September 24

?	Total Life to Date Transactions > 1,470,000
?	Life to Date Notional Value of Transactions > $830 billion

Enron Wholesale Services Best Practice Tips
United Parcel Service (UPS) After Hours Drop Boxes are Open
The Enron Building drop box is located near the automated teller machine. The last pick up is 8:00 PM.
The Three Allen Center drop box is located behind the down escalator on the ground floor by the self-service postal center. The last pick up is 7:45 PM.

Drop boxes handle letters and boxes up to 18"x13"x3" and can be shipped via Next-Day Air, Second-Day Air, Third-Day Select, UPS International and UPS World-Wide Express Service.  Be sure to include the Enron account number, and your company and cost center number in the reference field on the shipping documentation.

For more information, contact Glenn Lewis (GSS) at 713-646-7512.
United Parcel Service (UPS)  is Enron's preferred vendor for express deliveries.

NEWS FROM THE GLOBAL FLASH

Enron Commences Authorization Process for New Power Plant in Italy
Enron has begun an application procedure to get the necessary consent to develop a natural gas fired combined cycle gas turbine (CCGT) power station of up to 1,200MW on a 10-hectare site 1.5km from Roveleto di Cadeo, in the Comune of Cadeo, in the Province of Piacenza (NorthEast Italy).  The following consents must be received before Enron's proposals for a power station can be implemented:

- Decree of Environmental Compatibility from the Ministry of the Environment,
- Authorization to construct and operate the plant from the Ministry of Industry
- All other necessary local and national permits for construction and operation of the plant, including administrative authorizations and power and gas line connections.

The authorization process is expected to take around two years, such that construction could begin in early 2004, with operation 30-36 months from construction start.  However, the decision to proceed with construction of the project will remain contingent on further developments in the liberalization of the Italian power and gas markets.

 "This is the first time one of our Italian asset development projects has moved forward since our jointly-owned Sarlux IGCC (Integrated Gasification Combined Cycle) plant in Sardinia went into full commercial operation in December 2000," says Ross Sankey who is leading Enron's Cadeo project team.  "We're pleased to have identified such a suitable site for a new power plant and continue to assess other similar opportunities."

GasMarktFax Stirs "Trouble" in German Incumbent-dominated Gas Market
Following on from a recent GlobalFlash! report on the launch of GasMarktFax by the German origination team we are pleased to provide the following update on the impact the product is beginning to have on the German gas market:

European Spot Gas Markets reported on Thursday, 13 September, that Ruhrgas will decrease prices for their Stadtwerke and regional gas companies as of 1 October.  The article mentions that it is clear that Ruhrgas is taking competition seriously and that last month's release of Enron's GasMarktFax provided Stadtwerke with the opportunity to compare their standard price to Enron offers.  "Pricing pressure pushes incumbents to lower their tariffs," said Helge-Jurgen Beil, director with the German origination team, who lead the GasMarktFax initiative.  "However, it is important to note that incumbents try to crowd out marginal supplies and abuse their dominant supplier position.  Grid access is still cumbersome and only very few customers have a real choice," Helge-Jurgen added.

Enron Signs First Trading Deal in Poland
Enron's Polish team have signed the company's first ever trading deal in the country - which is also the first transaction entered into by a Polish power trading company based on the EFET (European Federation of Energy Traders) Master Trading Agreement.

The 50MW deal is with PKE, currently Poland's largest generator by installed capacity, responsible for around 17% of total energy production in Poland.

The deal with PKE is effectively a series of 51 call options, each one of them being a separate option for 50MW of baseload power for any given calendar month. Enron is the buyer of this series of options. The first month for which Enron will have a call option will be October 2001, and the last will be December 2005. The exercise date for each option is 26 days before the beginning of the delivery month. The strike prices follow a pre-determined schedule.

"This pioneering agreement sets new standards of power trading in Poland," declares Jarek Dybowski, Enron's director of power trading in Poland.

"This deal has set a precedent and created a platform for us to further break into the bilateral wholesale electricity trading market in Poland," adds Jarek Astramowicz, Enron's vice-president and head of the Polish office.  A big thank you to Jarek Dybowski, Tomasz Krzyzewski, Sid Cox, Marcus Zwinger, Pat Cini and Jason Clatworthy and all the others who helped make this deal possible."

EBS Celebrates Neos Deal
Congratulations to EBS who secured a deal with Neos, a company that specialises in providing bandwidth within London and other UK cities (known as metro connectivity). The transaction gives Enron instant access to London's metro network, which expands Enron's coverage. The agreement involves a  ?3 million take or pay commitment over ten years, with Enron receiving fixed prices and degradation for the capacity.

Marcello Romano, Vice President Bandwidth Trading, is delighted: "We needed to close a strategic deal to increase our metro coverage. Not only has this been achieved but the team negotiated well below market prices."

Launch of Nordic precipitation index
In another first for Enron, this week saw the launch by Enron Nordic Energy of a precipitation index based on rainfall levels in a number of locations.  The index will serve as a new weather trading instrument bringing more choice to the weather market and thereby promoting market liquidity.  Given the close relationship existing between precipitation levels and power prices in the Nordic region, the index will be of interest to both power traders and large hydro producers.  The index will serve as a new trading instrument enabling power traders to add to and refine their positions.  For the large hydro producers, the index will provide a benchmark for hedging their risk against fluctuations in rainfall.  The index will be based on a large number of locations available throughout the Nordic region, with 27 locations in all (19 in Norway and 8 in Sweden).

On the very day of the index launch, we were able to announce the completion of a deal with Norsk Hydro whereby we have constructed a specific index enabling Norsk Hydro to hedge its production volumes throughout the Nordic region.

Given the amount of hydroproduction in the Nordic region - approximately 99% (116TWh/yr) in Norway and 50% (64TWh/yr) in Sweden - the index is likely to be of significant interest in the Nordic market.  In Norway and Sweden, about 70% of the supply side is hydro and the volume of this supply can deviate by around 10% from normal (and by up to 30% during extreme years).  The subsequent impact on prices is huge and the variation in produced volumes is of great concern to hydro producers.

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

<Embedded Paintbrush Picture>


i think yes he should. helpful at pg&e and very practical.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 29, 2001 4:41 PM
To:	Mellencamp, Lisa
Subject:	Mike Day Participation in SCE Meeting

Lisa --

I'll leave it to you to decide if Mike Day needs or should be at the SCE initial meeting.  I received a message that he can, but haven't told him either way.

Pls advise.

Jim


Connie,

I appologize for the tardiness of this list.  I was out of the office last
Thursday and Friday.  Please call if you have any questions.

DG    3-9573


Does Carol's comment make sense?  Let me know if there's anything I need to do.

Steve

 -----Original Message-----
From: 	St. Clair, Carol
Sent:	Friday, November 16, 2001 1:25 PM
To:	Van Hooser, Steve
Subject:	RE: Netting agreement

Steve:
Check with Jeff Hodge as I think that their letter may have been referring to a payment netting" agreement only.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

 -----Original Message-----
From: 	Van Hooser, Steve
Sent:	Friday, November  16, 2001 1:11 PM
To:	St. Clair, Carol
Cc:	Rohauer, Tanya; Hodge, Jeffrey T.; Sayre, Frank; Williams, Jason R (Credit)
Subject:	RE: Netting agreement

Carol,

On October 31 I provided Jay Williams with a Draft MNA for FPL Energy Power Marketing, Inc. (as per attached e:mail).  Jay informed me several days later that FPL Energy was dragging its feet until the contract netting arrangement that its utility, Florida Power and Light was negotiating with ENA was finalized (as per Jeff Hodge's e:mail, he's been working on that transaction).  I've check with Jay a couple of times during November and he has confirmed that FPL Energy is not yet ready to address a MNA.

It sounds as though the letter you received indicates that we need to be talking to someone at the holding company level (rather than at the FPL Energy level) about an MNA.  I'll be happy to help if given a contact.

Steve

 << Message: FPL Energy >>
 -----Original Message-----
From: 	Hodge, Jeffrey T.
Sent:	Friday, November 16, 2001 11:49 AM
To:	St. Clair, Carol; Sayre, Frank; Van Hooser, Steve
Cc:	Rohauer, Tanya
Subject:	RE: Netting agreement

Carol:

	I am looking at some payment netting documents, but not master netting agreements.  Why don't you send me the letter you received and I can figure out the direction to take?

Thanks,

Jeff

 -----Original Message-----
From: 	St. Clair, Carol
Sent:	Friday, November 16, 2001 11:47 AM
To:	Sayre, Frank; Van Hooser, Steve
Cc:	Hodge, Jeffrey T.; Rohauer, Tanya
Subject:	Netting agreement

Frank or Steve:
Are either of you handling a MNA with Carolina Power & Light Company, Florida Power Corporation and North Carolina Natural Gas Corporation ?  We just received a letter from Progress Energy (their parent?) and sounds like they are anxious to reach closure on a MNA.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


For Kathy:    How many have been submitted?
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/13/2000
06:52 AM ---------------------------

Rod Hayslett

11/14/2000 07:20 AM
To: Morris Brassfield/OTS/Enron@ENRON, Caroline Barnes/FGT/Enron@ENRON, John
Keiser/FGT/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, James
Saunders/FGT/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON, Ellis
Stern/GPGFIN/Enron@ENRON
cc: Kathy Campos/GPGFIN/Enron@ENRON

Subject: Re: Space Planning

Please respond to Kathy Campos who will collect our data and work with Pam to
develop the plan.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/14/2000
07:18 AM ---------------------------

Pamela Daily
11/03/2000 06:58 PM
To: Bill Cordes/NPNG/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON, Steve
Hotte/Corp/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Phil
Lowry/OTS/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Rockford
Meyer/FGT/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Dave
Schafer/NA/Enron@ENRON, Julia White/ET&S/Enron@ENRON
cc: Stanley Horton/Corp/Enron@Enron

Subject: Re: Space Planning

To begin the process of thinking about what is needed to plan our space for
the future, we need to pull together some very simple information from each
of you.   Please provide the following to Rod Hayslett or to me as soon as
possible:

Number of work spaces by category:
 Office
 Cubicle/work station - high walls
 Cubicle/work station - low walls

Number of additional work spaces (visitors, auditors, etc.)

Number of Conference/Team Rooms:
 Small (4-6 person)
 Medium (7-12 person)
 Large (more than 12 - please specify)

File Rooms: Specify the linear footage of file space required and/or list
special requirements for maps, etc.

Special:  Model Office
  Computer Rooms/Cold Rooms
  Map Tables and/or walls
  Writable walls
  Video Conference Equipment/Connections
  Other

Also, please identify one person from your organization that can be used for
coordination purposes. For instance, Rod Hayslett will assign Kathy Campos
for his section.

Thanks for your help in this effort!


Start Date: 3/6/01; HourAhead hour: 7;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030607.txt


Please find attached the latest draft of the Brattle Group's recommendations
for the Japanese power industry and the accompanying appendices.

You will find changes in emphasis and structure, which make the paper more
convincing, comprehensive and readable. We have tried to include a global
view of market objectives in keeping with your approach in Houston, to give
better explanations of why our recommendations are right for Japan at this
stage and to address potential objections from deregulation's critics in
Japan.

In addition to its earlier content, the new draft:

includes a new section setting up the objectives of a competitive market and
defining a workably competitive market, before making specific
recommendations to achieve those objectives in Japan;

addresses objections by utilities, etc. in Japan to our proposals. Current
opinions or issues circulating in Japan include: California crisis,
discrediting of a tight pool, success of PJM ensured by lack of requirement
to unbundle, nuclear power development;

emphasizes the need for a strong, independent regulator given METI's recent
inability to provide clear rules to support its recommendations and lack of
expertise in the Fair Trade Commission;

de-emphasizes final section on public policy issues to emphasize market
structure, by merging the public policy issues into one section, placing
reliability at the top of the list and providing alternatives to achieve
nuclear policy issues;

proposes implementation timetable in keeping with Japanese review process;

takes a punchier, more urgent approach in the executive summary and the paper
as a whole.

The paper will be published as a Brattle Group paper commissioned by Enron
Japan. Much input has been provided by Enron Japan but the economic arguments
and general approach are in keeping with Brattle's written positions and
standards. The written style of the paper is, of course, theirs.

We would appreciate any comments you might have on the contents of this
paper. Since we will release the paper on 15 May and will create completed
published versions in both English and Japanese by 11 May, please send us any
comments by the end of this week, i.e. Friday, 4 May.

Best regards
Mark Crowther
Public Affairs
Enron Japan


---------------------- Forwarded by Eric Bass/HOU/ECT on 10/23/2000 08:23 AM
---------------------------

kb <daphneco64@yahoo.com> on 10/22/2000 08:39:34 AM
To: Jason.Bass2@COMPAQ.com, Eric.Bass@Enron.com
cc:
Subject: Fwd: Al Gore... By the Numbers

--- RNC_eLeader@mail.echampions2000.com wrote:
> From: RNC_eLeader@mail.echampions2000.com
> To: daphneco64@yahoo.com
> Subject: Al Gore... By the Numbers
> Date: Sun, 22 Oct 2000 02:37:19 -0700 (PDT)
>
> Dear Kathy Bass,
>
>
> While Al Gore has a habit of exaggerating his
> record, these numbers tell us the real truth about
> his record on education, healthcare and taxes:
>
>
> AL GORE'S EDUCATION PLANS...
>
> $10,000...  tax deduction that Al Gore says will be
> received by "all students who want to go to
> college".
>
> $800... tax deduction is the reality.
>
> 0... students working their way through college
> getting a tax credit because they do not pay enough
> in income taxes.
>
> 30,000,000... low-income households get no benefit
> on Gore's education plan.
>
> 0...  families making over $20,000 get a benefit.
>
> 5,000,000... upper income families are ineligible.
>
> 0... deductions or credits for room, board, books,
> supplies, and travel.
>
> 1... education plan that is almost identical to the
> one that failed in the Clinton White House.
>
>
> AL GORE'S PROGRAM ON HEALTHCARE:
>
> $600... access fee per year to obtain prescription
> drug coverage under the Gore plan.
>
> 412... new regulatory mandates created by the Gore
> Medicare plan.
>
> 182... new regulations dealing with prescription
> drugs alone.
>
> 64.5... the age you are when you have your one and
> only opportunity to buy into a government HMO.
>
> 8... year wait for Gore's plan to be implemented.
>
> 2... times the price of Bush's plan to create more
> government bureaucrats
>
>
> THE VICE PRESIDENT ON TAXES:
>
> 88... separate tax increases along with 42 new user
> fees Gore proposed in the 2001 budget.
>
> 11%... how much the tax burden has increased over
> the last 8 years.
>
> $500... per child tax credit was never included in
> previous Clinton/Gore budgets.
>
> 50,000,000... taxpayers will not get tax relief
> under Gore's plan.
>
> $1,400... couples will pay in taxes because Gore
> opposed the Marriage Penalty tax cut.
>
> 4.3 cents...  tax increase on a gallon of gas
> because of Gore's tie-breaking vote.
>
>
> THE MOST IMPORTANT NUMBERS:
>
> 17... days until the election.
>
> PLEASE PASS THIS ON TO ALL YOUR FRIENDS!
>
> Sincerely,
>
> Jim Nicholson
> Chairman
> Republican National Committee
>
> P.S.   The average Republican has 28 names in his or
> her email directory ) that means if we all forward
> this message to our friends, this one email can
> reach 14 million citizens!  Please forward to your
> friends and make sure every online Republican signs
> up at
>
> http://www.echampions2000.com
>
> Thanks.
>
>
---------------------------------------------------------
>
> PAID FOR BY THE REPUBLICAN NATIONAL COMMITTEE
>
>
> If you wish to unsubscribe from the eChampion
> mailing list, simply click here:
>
>
http://mail.echampions2000.com/GoNow/a14064a25553a56611875a0
>
>
>
>
>
>
>

__________________________________________________
Do You Yahoo!?
Yahoo! Messenger - Talk while you surf!  It's FREE.
http://im.yahoo.com/


I sent it to the crude oil option trader.  Is that good enough?

	Mark Taylor
	10/25/2000 11:42 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: (00-362) Revised Crude Oil Options Expiration Date

This one should go to the crude traders.
----- Forwarded by Mark Taylor/HOU/ECT on 10/25/2000 11:41 AM -----

	exchangeinfo@nymex.com
	10/25/2000 11:50 AM

		 To: mark.taylor@enron.com
		 cc:
		 Subject: (00-362) Revised Crude Oil Options Expiration Date

Notice No. 00-362
October 25, 2000

To:
All NYMEX Division Members
All NYMEX Division Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Operations Managers

From: George Henderson, Vice President

Re: Revised Crude Oil Options Expiration Date

It has come to the attention of the Exchange that some earlier publications
may contain an incorrect option expiration date. Please be advised that the
expiration date for the Crude Oil Options December 2000 contract month (LO
Z00) has been revised to Tuesday, November 14, 2000.

Should you have any questions regarding this matter, please contact the Floor
Departments Systems Area at (212) 299-2626.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=mark.taylor@enron.com&refdo
c=(00-362)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Same thing just prettier and with more details.  Suggest we send to HR for them to implement.

 -----Original Message-----
From: 	Lavorato, John
Sent:	Tuesday, October 16, 2001 1:17 PM
To:	Kitchen, Louise
Subject:

Here is our plan on PRC.

Assistants:

Ranked 1,2,3 by supervisors - pay determined by Me and Louise.  No meetings.

Non Commercial but in North America:

Traditional ranking with the correct people addending the meetings.  Pay grid determined by OOC.

Analysts and Associates

Ranked as per Billy Lemmons %'s and then pay grid determined by OOC
I would like to see 25% - 65% - 10%.  Billy disagrees.  This would provide for a quick meeting rather than trying to split them into 4 groups with the top one excluding some awesome people.

Managers/Directors

Ranked from 1 to 100 in as many clusters as the groups see fit.  We are going to combine managers and directors into one table.  The ranking is based on this years performance is directly related to pay.  We will have two meetingss - one for traders and one for other commercial staff (orig/finance/etc).  We will not have a pay prc but will take the results of the rankings and work with individual leaders after the meetings to ensure the appropriate compensation.

We will also determine promotions during this meeting using different criteria.

VP's

We will rank all our VP's from 1 to 100 with a group of selected people - some VP's and some MD's.
This too will be directly related to pay.

Cheers as you Brits say


Caution:  This site plays music so be careful of your volume.

http://www.debsfunpages.com/cat1p.htm
check this out:)
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


Attached is an essay of the impact of gas prices on generation investment.
If you have any questions or comments, feel free to contact me.

Ed
____________________

Edward N. Krapels, PhD
Managing Director
ESAI Power and Gas Services
tel 781 245 2036
cell 617 899 4948
ekrapels@esaibos.com
www.esai.com

 - ESAI Gas Alert 101800.pdf


FYI.  Please keep confidential until further notice.  Important to note that
this was delivered with the understanding that NO ONE has agreed to the
specific language.  It was a quick turn around (at Hertzberg's request) to
get the original, negotiated agreement into Legislative language (i.e.,
Martian) as soon as possible so that Hertzberg could try to move on it in the
Legislature as soon as possible.

In addition, the Commission is likely to come out with its proposed "rate
agreement" sometime this week, and is likely to release DWR's "revenue
requirement" next week.  I heard from the Gov's financial advisor that Edison
and DWR EACH want 2 cents out of the PUC's recent 3 cent rate increase.  It's
going to get very interesting from here.

Best,
Jeff

----- Forwarded by Jeff Dasovich/NA/Enron on 07/10/2001 04:11 PM -----

	"Simpson, Rick" <Rick.Simpson@asm.ca.gov>
	07/10/2001 04:12 PM

		 To: "'dhunter@s-k-w.com'" <dhunter@s-k-w.com>, "Simpson, Rick"
<Rick.Simpson@asm.ca.gov>
		 cc: "'Barbara Barkovich (E-mail)'" <brbarkovich@earthlink.net>, "'Dominic
DiMare (E-mail)'" <dominic.DiMare@calchamber.com>, "'Dorothy Rothrock
(E-mail)'" <drothrock@cmta.net>, "'John Fielder (E-mail)'"
<fieldejr@sce.com>, Gary.Schoonyan@sce.com, "'Phil Isenberg (E-mail)'"
<isenberg@hmot.com>, "'Jeff Dasovich (E-mail)'" <jdasovic@enron.com>, "'Keith
McCrea (E-mail)'" <kmccrea@sablaw.com>, "'Linda Sherif (E-mail)'"
<lys@a-klaw.com>, "'Linda Sherif (E-mail 2)'" <lysherif@yahoo.com>, "'John
White (E-mail)'" <vjw@cleanpower.org>, Ann.Cohn@sce.com, "Mike Kahl (E-mail)"
<mikahl@ka-pow.com>
		 Subject: RE: Final Legislative Language

You all are awesome.  Many thanks.

-----Original Message-----
From: Delaney Hunter [mailto:dhunter@s-k-w.com]
Sent: Tuesday, July 10, 2001 1:56 PM
To: Rick.Simpson@asm.ca.gov
Cc: 'Barbara Barkovich (E-mail)'; 'Dominic DiMare (E-mail)'; 'Dorothy
Rothrock (E-mail)'; 'John Fielder (E-mail)'; Gary.Schoonyan@sce.com;
'Phil Isenberg (E-mail)'; 'Jeff Dasovich (E-mail)'; 'Keith McCrea
(E-mail)'; 'Linda Sherif (E-mail)'; 'Linda Sherif (E-mail 2)'; 'John
White (E-mail)'; Ann.Cohn@sce.com; Mike Kahl (E-mail)
Subject: Final Legislative Language

Rick-
Attached please find our final draft of legislative language per your
request. We are ready and willing to draft other sections or language as
needed by you or the Speaker. Please feel free to contact me if you have any
questions about the draft. Please note there are disagreements over two
sections of language and they are so marked.

FYI - I will be sending this document out to the entire Working Group for
their information.

Thank you,
Delaney

 - FINAL Legislative Language.doc


Sue,

Tim Belden forwarded this message to me.  Can you please add Mike Grigsby, Keith Holst, Frank Ermis, and myself to your email distribution list.  We are all holding significant gas positions in California and are greatly affected by any gas or power developments withing the state.

With regard to Socal's comments, do you have any additional information?  This is quite a 180 from the presentations that Socal has been giving to the CPUC and at other forums.  Until now they have been consistently stating that they will have plenty of gas.

Phillip

 -----Original Message-----
[Mark Hall]

From: 	Belden, Tim
Sent:	Wednesday, May 23, 2001 4:31 PM
To:	Allen, Phillip K.
Subject:	FW: SoCAl says not enough gas this summer

 -----Original Message-----
From: 	Mara, Susan
Sent:	Wednesday, May 23, 2001 4:25 PM
To:	Comnes, Alan; Benevides, Dennis; Bresnan, Neil; Black, Don; Foster, Chris H.; Whalan, Jubran; rcarroll@bracepatt.com; Hall, Steve C.; gfergus@brobeck.com; Alonso, Tom; Alvarez, Ray; Badeer, Robert; Belden, Tim; Crandall, Sean; Driscoll, Michael M.; Fisher, Mark; Guzman, Mark; Heizenrader, Timothy; Mallory, Chris; Motley, Matt; Platter, Phillip; Richter, Jeff; Scholtes, Diana; Swain, Steve; Swerzbin, Mike; Williams III, Bill; Nicolay, Christi; Steffes, James; Perrino, Dave; Walton, Steve; Yoder, Christian
Subject:	SoCAl says not enough gas this summer

Just heard this on an IEP call and wanted to pass it along.

SoCal gas has announced that it may have to curtail gas to power plants this summer.  SoCal Gas says it has to put gas in storage for winter and may not be able to do that and serve the power plants. Apparently, SoCal is shipping gas to Mexico at the same time. That will not look good to CA politicians.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


This request has been pending approval for  4 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000077031&Page=Approval to review and act upon this request.

Request ID          : 000000000077031
Approver            : patti.sullivan@enron.com
Request Create Date : 11/21/01 11:59:52 AM
Requested For       : justin.fernandez@enron.com
Resource Name       : Terminal Server - Remote Access Solutions <b>Houston General Purpose Solution</b>
Resource Type       : Applications


Good Afternoon,
	Enclosed is a worksheet for BP Capital Energy Equity International Holdings 1, LP.  This document should be the same as BP Capital Energy Fund LP and BP Capital Energy Equity Fund, LP, which are industrial masters.  Please forward executable documents to Mike Larson at BP Capital.
	Stephanie is currently putting together an omnibus confirm for existing trades done last week, but these will roll up to the master once it is executed.  Give me a call with any questions.

Thanks,
Max


Jon, it was attached to the bottom of his prior email, which I will resend to
you right now.  MHC

Jon Chapman
05/09/2000 08:21 AM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: RE: Data Protection Agreement to permit transfer of Enron personn el
data from EU countries to the USA

Thanks , Michelle - something appears to have gone wrong on his system . When
can we expect something to review here ?

Thanks.

Jon

Michelle Cash
20/04/2000 20:44
To: Jon Chapman/LON/ECT@ECT
cc:

Subject: RE: Data Protection Agreement to permit transfer of Enron personn el
data from EU countries to the USA

FYI
---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/20/2000 02:45
PM ---------------------------

"DODD, JEFF" <jdodd@mdck.com> on 04/20/2000 02:32:41 PM
To: "'Michelle.Cash@enron.com'" <Michelle.Cash@enron.com>
cc:
Subject: RE: Data Protection Agreement to permit transfer of Enron personn el
data from EU countries to the USA

Yes the two are the new policy and agreement; the "annotated" has not been
revised, but explains the point about Exhibit C to the Agreement.

-----Original Message-----
From: Michelle.Cash@enron.com [mailto:Michelle.Cash@enron.com]
Sent: Thursday, April 20, 2000 1:45 PM
To: jdodd@mdck.com
Cc: Jon.Chapman@enron.com
Subject: RE: Data Protection Agreement to permit transfer of Enron
personn el data from EU countries to the USA

Jeff, I assume that the two attachments are the revised policies.  If that
is not the case, let me know.  Thanks for your follow up.  Michelle

.

"DODD, JEFF" <jdodd@mdck.com> on 04/20/2000 01:13:34 PM

To:   "'Michelle Cash'" <Michelle.Cash@enron.com>
cc:
Subject:  RE: Data Protection Agreement to permit transfer of Enron personn
      el data from EU countries to the USA

Wow. You should have received these awhile ago. We had a virus shutdown,
but
I cannot think of any other reason why you do not have these. Let me state
what I attempted to state in my last message:

     1) As to the Data Protection Agreements, we contemplate that an
Exhibit C will be attached that will describe the non-exclusive types of
information that will be personal data. For your information I am resending
the "annotated" version of this agreement to describe the significance of
the removal of brackets. We also added a section 3.g to allow additions to
the purposes for collection. As the regulators in the EU become more
refined
in their analysis and requirements as to the statement of purpose, you
might
need to alter purposes.

     2) As to the Policy itself, we inserted a line that dates the
revision of the policy, and we added a provision in Section 2 corresponding
to the change in Section 3.g mentioned above.

Please call me to let me know that you got this. Should I send something to
John?!

-----Original Message-----
From: Michelle Cash [mailto:Michelle.Cash@enron.com]
Sent: Monday, April 17, 2000 3:08 PM
To: jdodd@mdck.com
Subject: Data Protection Agreement to permit transfer of Enron personnel
data from EU countries to the USA

Jeff,

What is the status of the document?  I expect that Jon will be calling me
any
day.

Thanks.

Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/17/2000
03:08 PM
---------------------------

Michelle Cash
01/10/2000 02:34 PM

To:   jdodd@mdck.com
cc:
Subject:  Data Protection Agreement to permit transfer of Enron personnel
data
      from EU countries to the USA

Jeff, here is information from Jon Chapman.  Let's discuss when you have a
chance to review it.  Michelle

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

Michelle,

Further to our discussion on Tuesday , I am very happy to proceed on the
basis
of Jeff Dodd's draft Agreement ( and draft Data Protection Policy) . Can
you
ask
him to prepare a final version and let us have it , please.

The EU "Data Exporter" entities are as follows:-

UK

Enron Europe Limited (also Italy )
Enron Power Operations Limited
Enron Teesside Operations Limited
Enron Direct Limited
Enron Engineering Services
Caxios Limited

Norway and Sweden

Enron Capital & Trade Resources International Corp.

Germany

Enron Energie GmbH

Finland

Enron Finland Energy OY

Spain

Enron Espana Energia S.L.

Note that Norway is not a member of the EU but , as a member of the
European
Economic Area , should be treated as an EU member for these purposes.

I look forward to hearing from you.

Thanks.

Jon

(See attached file: #606521 v2 - ENRON unannotated Data Protection
Policy.doc)
(See attached file: #606631 v2 - data protection agreement-no
annotation.doc)
(See attached file: Annotated Agreement- Not revised since 12-1998.doc)


Please Mark your calendar.....

The ENA Gas and Power Technical and Commercial Support Performance Review
Meeting will be tentatively held on June 21, 2001.  Details to follow.


Attached is the assignment.

----- Forwarded by Gerald Nemec/HOU/ECT on 04/25/2001 03:17 PM -----

	Gerald Nemec
	04/20/2001 03:51 PM

		 To: Paul T Lucci/NA/Enron@Enron
		 cc: Nicole Cortez/NA/Enron@Enron
		 Subject: ONEOK Assignment

Please disregard to prior version and use this one.


Pulpex Bulletin for Wednesday, October 24, 2001

Market News:

NBSK ------------------------------------------------------------
Nov01     420.00   428.00        -        -        -     -    79
Dec01     426.00   433.00        -        -        -     -   134
Jan02     431.00   438.00        -        -        -     -     -
Mar02     444.00   451.00        -        -        -     -    53
Jun02     443.00   472.00        -        -        -     -    40
Sep02     461.00   481.00        -        -        -     -    35
Dec02          -   497.00        -        -        -     -    15
Mar03          -        -        -        -        -     -     -

BEK -------------------------------------------------------------
Nov01     402.00   412.00        -        -        -     -   126
Dec01     406.00   415.00        -        -        -     -    35
Jan02     410.00   420.00        -        -        -     -     -
Mar02     415.00        -        -        -        -     -     -

Settlement Prices Futures
          Today      Chg      Prev
NBSK -------------------------------
Nov01    424.00     +0.00    424.00
Dec01    429.50     -2.50    432.00
Jan02    434.50     -1.00    435.50
Mar02    447.50     -1.00    448.50
Jun02    457.50     -2.00    459.50
Sep02    471.00     +0.00    471.00
Dec02    486.00     +0.00    486.00
Mar03    501.00     +0.00    501.00

BEK --------------------------------
Nov01    407.00     -1.50    408.50
Dec01    410.50     -2.50    413.00
Jan02    415.00     +0.00    415.00
Mar02    422.00     +0.00    422.00

The above tables should ideally be viewed using Courier or other fixed fonts.
During Pulpex opening hours (0830-1600 UK Time, 0930-1700 CET),prices
are distributed on our web page: http://www.pulpex.com

If you would like someone else to receive this bulletin or to cancel your own
please mail: info@pulpex.com or fax: +44 20 7065 8941


This gives a little flavor of how we factor into the backbone capacity market.

 Category:   Backbone, DWDM, Enron Communications

 Description Building A Better Backbone - And Business Plan
 :

 Detail:

By Carol Wilson, Inter@ctive Week
September 6, 1999 6:23 AM PT

The numbers are staggering: Six major new national fiber-optic networks will
come on line during
the next two years at a cost of $18 billion. Those new networks are in
addition
to those already
built and operated by the Big Three of long-distance: AT&T, MCI WorldCom and
Sprint.

Thousands of miles of fiber-optic cable are being installed in ducts to which
new fiber can be
easily added by companies such as Enron Communications, Frontier
Communications,
IXC
Communications, Level 3 Communications, Qwest Communications International and
Williams
Communications.

And that's just a piece of the story.

While competition in the backbone network business is booming, new
technologies
coming into
the market will make it much easier to increase bandwidth available on any
fiber-optic network
tenfold or more. Dense Wavelength Division Multiplexing (DWDM) systems now
exist
to put data
traffic onto 160 different wavelengths on a single fiber-optic cable.
Technology
exists today to
enable each of those wavelengths to transport 10 gigabits per second of data.
Within two years,
that will reach 40 gigabits per wavelength per second.

"In effect, the backbone of the Internet is being rebuilt. The next step:
Recover all those costs of
construction,'' says analyst Peter Bernstein at Infonautics Consulting. "And
that step may be more
difficult than building the networks themselves.''

The combination of major new network construction and new technology for
adding
network
capacity has led industry analysts and executives to predict a bandwidth glut
that is likely to drive
down prices in backbone transport of data much as the price of long-distance
telephony has
plummeted in the past few years. Frontier Communications admitted as much
earlier this year
when its second-quarter earnings weren't up to expectations.

Rather than a free fall in prices, however, expect the market to quickly find
new ways to use
bandwidth, both in terms of network-based applications and bigger backbone
networks to
support the rapidly growing field of faster access via Digital Subscriber Line
(DSL) and cable
modems. The challenge for network operators is to create new business models
that capitalize on
something other than cheaper bandwidth.

"I think the danger isn't so much of a glut as a lack of planning for the
backbone network that
could cause some major problems," says Claudia Bacco, an analyst at TeleChoice
who studies the
development of DSL. "Once DSL starts selling as a volume service, it will very
quickly increase
the demand for bandwidth in the backbone. Service providers need to have
planned
ahead."

It's not surprising, then, to see a growing number of alliances between the
new
backbone builders
and the competitive local exchange carriers (CLECs) that have been building
DSL
networks in
major markets across the U.S.

Qwest invested in both Covad Communications and Rhythms NetConnect-ions, for
instance, and
a third data CLEC, NorthPoint Communications, includes Enron, Frontier and
Level
3 among its
strategic partners.

That doesn't mean, however, that all of the companies investing billions in
burying fiber-optic cable
stand to reap rich rewards, cautions Bernstein at Infonautics.

"The problem isn't a glut of bandwidth, but a glut of service providers," he
says. "If everyone has
the same business model and is going after the same customers, that's a
problem.
In addition, there
are timing issues . . . If you build it, they will come - but not necessarily
when you need them to."

At least nine players have built or are building national fiber-optic backbone
networks. These look
very similar, says Fred Harris, director of network planning and design at
Sprint. "There are
generally three East-West routes and three or four North-South routes that
everyone builds," he
says. "New York to San Francisco, Atlanta to Los Angeles, Seattle to Boston -
everybody has
fiber either in or near those corridors."

In earlier network deployments, the fiber was buried, never to be exhumed. But
today's fiber
cables go into ducts, allowing fibers to be pulled out or slid in later.
Capacity can be added
without any backhoes.

Today's newer fiber-optic cable, from companies such as Corning and Lucent
Technologies, is
designed to support higher transmission speeds without the light dispersion
problems that limited
speeds or distances on other fiber-optic cables.

DWDM technology and optical amplifiers, which boost the power of a laser's
signal over a given
wavelength, enable bandwidth to be added and allow signals to travel farther
without the need for
as many repeaters to boost signals along the way. Eliminating repeaters in a
long-distance network
wrings out installation, maintenance and power costs.

As Harris points out, if every company building a national backbone has 30
fibers along each
major route, and each fiber can carry 80 different wavelengths of light,
that's
more than 20,000
different signals. Today, most of those signals would be powered by
Synchronous
Optical
Network (SONET) gear, which operates at 2.5 gigabits per second, but a growing
number have
moved up to gear that operates at 10 Gbps.

Both Lucent and Nortel Networks have announced equipment that supports 160
wavelengths on
a single cable, and other vendors will have similar equipment within the next
two years.

Also coming into the market by 2002 will be new SONET gear that quadruples the
current
transmission rates from 10 Gbps to 40 Gbps. MCI WorldCom is testing these
systems, known as
OC-768 transmission systems, and expects to have one commercially available by
early 2001,
says Rama Nune, senior manager of optical and data network technology
development.

Nune stresses, however, that what's more important than having all the
bandwidth
is knowing
"how to intelligently provision services over it and manage it."

New Models

Not surprisingly, most of the newer network operators have quickly moved to
talking about
services, not bandwidth.

There are exceptions to this: Enron is building a network that transmits
Internet Protocol
(IP)-based traffic directly over a fiber-optic network, with no intervening
transport systems or
protocols. But its network is built to provide backbone bandwidth for Internet
service providers
and content providers, says Stan Hanks, vice president of research and
technology at the
company.

At Level 3, falling backbone service prices would be good news, says spokesman
David Powers.
"We want to drive prices down by reducing the underlying cost of the network,"
he says. "We
think we can do it because we are building a green-field network that doesn't
have the cost of
legacy technology like circuit switches." Most other network operators are
looking to add services
to their mix, including Web hosting, to create a differentiated service. MCI
WorldCom through its
UUnet subsidiary, Frontier, Qwest and others have announced Web hosting
services.

Greater bandwidth and lower prices also will enable new video services to be
delivered over the
Internet, says Vab Goel, vice president of IP engineering and technology at
Qwest.

"One of the things Qwest is doing is building its own access rings in 25 major
markets," Goel says.
"We think this network will drive cost down and increase performance for
value-added
applications which can be delivered over an IP network. Today, most video is
compressed. With
faster access speeds, you can watch TV shows over the Internet. This becomes
interesting when
you talk about having access to any TV show broadcast anywhere around the
globe."

In addition to enabling new services, however, the sudden availability of
bandwidth will
dramatically change the way services are priced and sold.

"It's the next great challenge of the Internet - deciding how you are going to
bill customers and
what they will be willing to pay for," analyst Bernstein says. "I'm not sure
anyone knows yet."

Part of that challenge is matching a service that customers value with the
need
to recover the high
costs of expanding a network.

"George Gilder likes to say that bandwidth will be free - well, putting in
20,000 channels of
OC-48 [2.5-Gbps transmision] isn't free; it costs billions," Sprint's Harris
says. "And the same
thing goes when you build up the local copper network to do DSL or cable
modems."

Already, however, DSL prices are dropping to $30 to $40 per month for a
consumer
service that
offers up to 1.5 megabits per second. Businesses still typically pay $125 to
$400 per month for
higher-speed services that offer the same bandwidth in both upload and
download
modes. That
compares very favorably to the $2,000 per month most companies paid for a T1
line until the past
two years.

But with customers assuming bandwidth will be cheap, how will nine backbone
network providers
recover their billions in investment?

"I don't have a crystal ball," says Nune at MCI. "With the access speeds going
up - whether it be
ADSL [Asymmetric DSL] or gigabit Ethernet - we anticipate many rich
applications
to drive the
bandwidth of our customers."

Providing those applications - or at least building into the network the right
hooks for new services
- is the best hope for building a new revenue base, Harris agrees.

There will still be room for charging higher rates as well for levels of
reliability and transmission
speeds, says Qwest's Goel, but those charges will likely be packaged as part
of
the application
cost.

In a world where everyone has access to the same technology, it will be the
business issues that
ultimately decide who succeeds at building - and sustaining - the backbone of
the next Internet.


Please see below.

We can now take a decision on the following re TenneT's allocation of
capacity to Sep:

1. Finalise and file our submissions to the Nma on this issue (my suggestion
- we should do it)

2. Initiation of civil injunction proceedings against TenneT (my suggestion -
we should do it)

3. Lodge submissions in the appeal against Dte Decision 5 (my suggestion -
unsure from the letter below that Clifford Chance are on point on this issue
-  need to revisit this issue with them).

NOTE:  Prof Leigh Hancher (high profile Competion Law expert at Leiden
University with particular interest in energy sphere, who has gone to press
in the last few days with views on the whole Dutch situation which are the
same as ours) has been notified by Clifford Chace not to accept instructions
which conflict with Enron - i.e. effectively retained to be Enron's expert
witness in proceedings.  We shall be calling Prof. Hancher to take her
further views etc., on the situation.

Let's discuss way forward at the earliest.

Kind regards

Mark
---------------------- Forwarded by Mark Elliott/LON/ECT on 02/02/2000 09:42
---------------------------

London Fax System
01/02/2000 18:34
To: Mark Elliott/LON/ECT@ECT
cc:

Subject: New fax received (Likely sender: +31 20 5777222).

You have received a new fax from +31 20 5777222

The image contains 4 page(s).


This is what we have to look forward to.  We need to get all post-id's, for the live and bankruptcy books, and get those to Sanjeev Gupta to dump into excel.  Then try to tie those MTM values back to the Gross Book Balance we reported on the final NGP&L.  Once that ties, we will format the info to fit schedule B.

You can't wait, right?

 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Tuesday, January 29, 2002 2:59 PM
To:	Keiser, Kam
Subject:	FW: terminated vs non-terminated - request

Enjoy.

 -----Original Message-----
From: 	Wilson, Shona
Sent:	Tuesday, January 29, 2002 2:58 PM
To:	Sweeney, Kevin; Hall, D. Todd; Hall, Bob M; Gossett, Jeffrey C.; Albrecht, Kristin; Miralles, Albert; Mills, Scott; Reeves, Kathy; Gillis, Brian; Hedstrom, Peggy; Horn, Cindy; Thurbin, Simon
Cc:	Thapar, Raj; Beck, Sally; Pearce, Barry
Subject:	terminated vs non-terminated - request

Now that we have almost all of the Form A information , E&Y needs form B filled out for all commodities.  We would like to have this as of the deals on 1/31/02.

Please let me know when you will be able prepare the schedule (including a reconciliation to your rolls).

Thanks

Shona Wilson
Director, Global Risk Operations
X39123


AGENT JH/SS BOOKING REF
ZDJD9T

                                          MOISAN/EMILIE

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  PETE KEAVEY X37277

  DATE:  MAY 11 2001                   ENRON

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  26JUL HOUSTON TX     NEW YORK NY    1058A   328P
CO 1969    V          THU   G.BUSH INTERCO LA GUARDIA
                            TERMINAL C     TERMINAL M
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:30 DURATION
                  AIRCRAFT: BOEING 737-800
                            SEAT 06F NO SMOKING CONFIRMED MOISAN/EMILIE

CONTINENTAL AIRLINES  13AUG NEW YORK NY    HOUSTON TX     259P    558P
CO 1975    V          MON   LA GUARDIA     G.BUSH INTERCO
                            TERMINAL M     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:59 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 06B NO SMOKING CONFIRMED MOISAN/EMILIE

      AIR FARE 241.86       TAX 26.64           TOTAL USD
268.50

                                        INVOICE TOTAL USD
268.50

PAYMENT: CCCA5490850070001643/1103/A011317

RESERVATION NUMBER(S)  CO/MVMNVT

MOISAN/EMILIE                            TICKET:CO/ETKT 005 7028381412

**CONTINENTAL RECORD LOCATOR: MVMNVT
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
**********************************************
NON-REFUNDABLE TKT MINIMUM $100.00 CHANGE FEE
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/


From Kevin Hannon, Jim Hughes and John Lavorato

Our efforts to move our South American merchant business model to look like our North American and European models has been evolving quickly.  In the volatile Brazilian power market, Enron is poised to start-up the first merchant plant in the near future.  We are working on several structured transactions and are at the forefront in working with Brazilian regulators to create a viable deregulated power market.

To continue our positive momentum in South America, we have decided to change the leadership of the merchant business.  We have asked Orlando Gonzalez to become President and CEO.  In addition we have asked Brett Wiggs to join Orlando in the office of the chairman as Chief Commercial Officer.

Joe Kishkill has been involved in the South American business for many years and will be exploring other opportunities within Enron.  We would like to thank Joe for his contributions.

Please join us in congratulating Orlando and Brett on their new duties.


Full board $225 / pasture board $155


Sally,

Please see the attached file for an update on the status of the pulp and paper business.

Thanks,
Kris


Sonya, can you please contact Frank Vickers ( VP East Orig). He was looking at my screen and was interested in getting it.

Also, can you provide for him a report on what systems his group currently has and whether or not there is an opportunity to reduce some of his costs by using the system that you set me up with.

No need to reply, pls contact Frank.

BT


FYI.  As you know, we're attempting to find a solution to the "reasonable
review" morrass that's impeding utility forward contracting.  For that
effort, we've worked with the Portland desk to pull together some educational
materials to use with a subset of California stakeholders that's trying to
devise a solution to California's melt down.

The attached graphs show 3 scenarios for the state as a whole.
1) "do nothing"
2) for 60% of IOU short position, split the amount 50-50 and 1cover half the
amount with 10-year  fixed priced power and the other half with 5-year fixed
priced power.
3) create a portfolio with a) 25% of short position covered by 10-year fixed
priced power, b) 20% of short position covered by 5-year fixed price power,
c) 15% covered by 1-year fixed price power, d) 20% covered by May-Sept
fixed-price power, and e) 15% from the PX.

The term of each scenario is 5 years.

Because each is priced off our our curves, the average price is roughly
equivalent for each of the three portfolios.  However, the graph shows (as
one would expect) that exposure to price volatility is significantly higher
under scenario 1 compared to 2 and 3.

The goal is to use the illustrative scenarios to persuade the industry that
in the short run (i.e., immediately) the utilities should be permitted to buy
a modest amount of power under 5 and 10 terms, and those purchases (if
undertaken using a "DealBench-like" tool) ought to be "per se" reasonable.

If anyone has questions about it, or would like to discuss further, give a
call at 415.782.7822.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 12/12/2000 12:54 PM -----

	Stephen Swain@ECT
	12/12/2000 12:38 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Portfolio file for distribution


Cheryl,

Thanks for the update.  I like the progress.

I realize that we can not cover us 100% for the future contract but at least
it will help.  What I think we need is some way to protect us incase he gives
us a very high bid price to build the house  because we are captive.  What do
you suggest as a possible remedy?  Some sort of checks on allowing others to
bid?   Some sort of out on re-purchasing the lot at a set price?  Without a
cost plus methodology we could be very vulnerable here.  What do you think?

A few of the other issues you addressed in the earlier fax.

2. Earnest money:  I like putting it in title company vs. Flair.
3. Title policy:  Lets go ahead and take the additional coverage, I think it
is prudent especially with the new subdivision. How much does an additional
15% cost?  I don't have any idea.
4.  have provided
5.  not sure i understand this
6.  yes, delete
7. definitely change and check b1 and hire an inspector
8. add in clarifying statement
9. agree to add builder obligation.  I am fine with a quick closing date and
needs specificity.  Does he have an estimated time of completion?
10. Rollback taxes:  I agree, clarify as to the exemption, we need to be
protected here.
11. add this to contract.  Flare may want the money but we should try it.

I hope this helps.  After you review and discuss these issues, let's get
together via phone and discuss outstanding issues.  Please call Cathy
Phillips with a time to talk.  She can be reached at 713 853-6898

Thanks,
m

"Cheryl Bach" <cheryl@flex.net> on 02/26/2001 09:23:59 AM
To: <Mike.Mcconnell@enron.com>
cc: <mmccontex@aol.com>
Subject: Unimproved Property Contract

Dear Mike:

On Friday, February 23, 2001 we received by fax a copy of the Residential
Construction Contract Mr. Kent intends on using in connection with the
construction of your home.  Upon receipt we noticed that it was not a Cost
Plus Contract.  Therefore, we spoke with him about this matter.  He
indicated that although he believes he will be doing the home on a cost plus
basis, no final agreement regarding this matter had yet been made.

The Residential Construction Contract form he uses is a Greater Houston
Builders Association form which is, for the most part, a good one although
it is written primarily to protect the builder.  Therefore, we may ask that
a number of minor changes be made to the Contract as it relates to notice
requirements to you regarding problems in construction and some changes in
the indemnity language.  In addition, there may be some other changes we
request.  Under any circumstance, we can dictate a letter to Mr. Kent at the
appropriate time.

Mr. Kent also indicated that he will make sure we receive a copy of the Deed
Restrictions as soon as possible.

We assume that you will acquire financing for the construction of the home
itself.  When you close, Flair Construction Co., Inc. will also have to
provide to you a Disclosure Statement which spells out some of your rights
and responsibilities under Texas law and a Contractors List of
Subcontractors and Suppliers which tells you the names and addresses of the
Subcontractors Flair intends on using.  We are sure that the construction
lender will require that these documents be provided at the appropriate
time.

Should you have any questions or comments, please call us.


Thanks!

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Monday, October 15, 2001 5:54 PM
To:	Vanek, Darren
Subject:	RE: Status

No they did not make our changes.  AES is requesting a contract.

 -----Original Message-----
From: 	Vanek, Darren
Sent:	Monday, October 15, 2001 5:52 PM
To:	Perlingiere, Debra
Subject:	RE: Status

The person that I was talking to at Dynegy left. What was the problem with the original grty? Did they not make the initial changes that Gerald wanted?

What about the AES NewEnergy, Inc Enfolio?

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Monday, October 15, 2001 5:46 PM
To:	Vanek, Darren
Cc:	Mims, Patrice L.
Subject:	RE: Status

 I am waiting on revisions to the Dynegy Holdings, Inc. Gty.  So if you can push on these folks it would be great.  I have sent the final draft to Nicor Energy, LLC today for their review.  The Nicor Gty is ok.

 -----Original Message-----
From: 	Vanek, Darren
Sent:	Friday, October 12, 2001 10:23 AM
To:	Perlingiere, Debra
Subject:	Status

Can you please give me the status on the grties that i sent to you for Nicor Energy LLC from Nicor Inc and Dynegy Holdings, Inc?

Can you tell me who is requesting an Enfolio for AES NewEnergy, Inc?

-d


that is pretty gay
---------------------- Forwarded by Eric Bass/HOU/ECT on 08/29/2000 07:30 AM
---------------------------

	Enron North America Corp.

	From:  Analyst Advisory Board @ ENRON                           08/28/2000
06:14 PM

Sent by: Enron Announcements@ENRON
To: Analyst Program Members
cc: Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Charlene
Jackson/Corp/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Gwendolyn
Petteway/HR/Corp/Enron@ENRON
Subject: ANALYST SURVEY CONCLUSION

Please read the attached memo regarding the June survey and upcoming program
events.

Thanks again for all of your help!

Julie Davidson
Alex Hernandez
Brian Hoskins
David Hunker
Priya Jaisinghani
Erin Rice
Carrie Southard