Thanks!  I'm gun-ho to learn everything I can about financials and EOL.  I
really do appreciate all your help.
G

From: Tana Jones@ECT on 05/10/2001 02:00 PM
To: Georgi Landau/NA/Enron@ENRON
cc:

Subject: Re: New ISDA Contract for Prior - EOL Updated

Good job!

	Georgi Landau@ENRON
	05/10/2001 01:08 PM

		 To: Kelly Lombardi/NA/Enron@Enron, Karen Lambert/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: New ISDA Contract for Prior - EOL Updated

FYI

I just terminated ISDA K#96007359 for Prior Energy Corporation, CP #2630 and
I updated EOL Profile Manager with a new ISDA K#96060326 for Prior Energy
Corporation.

Georgi


Louise,

I am in town and would like to meet up with you when you get a chance but have a hot question for you.

We have a new steel trade in London that is a back to back where we make $100,000.  It has us issuing an LC but we will be receiving an LC from the purchasers. Note we will get the LC from the purchaser prior to us posting an LC to the producer. If we need to post cash we can discount the LC from the purchaser to post cash.

I think this meets the objectives but want to check with you.

thanks and I will set up a time on your schedule.

regards
bruce

 -----Original Message-----
From: 	Repole, Gianpiero
Sent:	13 November 2001 11:32
To:	Castleman, Kent; Garner, Bruce
Subject:	L/C deals
Importance:	High

Bruce/Kent

as per telecon with Bruce, here is details of deal:

Material:			Hot rolled coils
Quantity:			About 20,000Mt
Value:				Usd 4.5 million about
Purchase terms:		Cfrfo at sight
Sales terms:			Ciffo 60 days from b/l date
Expected margin:		Usd 4 to 5/Mt
Supplier:			EZDK, Egypt
Customer:			Gonvarri Spain and Italy plants
Shipment:			50% jan 50% feb

Please confirm we can proceed with sale or we need to release customer.

Rgds
Gianpiero & Inaki


Ultimately more definition, but for now, it's a good start.

James Saunders
12/12/2000 08:47 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Re: 2001 Goals

Regarding the preliminary list, generally,
are you "ok" with what we sent you?
Or, were you looking for more stretch or creativity????


Friends: I am sharing this with you on a confidential basis. Scott has been
heading up the OECD competitive studies group producing studies on the level
of competition in various nations. He is a US citizen and worked at OMB
before joining the OECD staff in Paris. I will be meeting with him but wonder
if you may have an interest in Scott. Joe
---------------------- Forwarded by Joe Hillings/Corp/Enron on 08/07/2000
06:53 AM ---------------------------

Scott.JACOBS@oecd.org on 08/07/2000 06:39:21 AM
To: jhillin@enron.com
cc:

Subject: Personal and confidential

Dear Joe,

 I am writing to ask if we might meet for an hour in Washington
during the days of 9-11 August or 16-18 August. I am exploring options for
my post-OECD career, and I would like your advice.

 As you know, I have led the OECD's program on regulatory reform for
several years. The OECD program has developed into one of the most
influential programmes on regulatory reform among the world's international
organisations. It is now time for me to consider what is next.

 One possibility I am considering among others is launching an
international consulting firm on market, regulatory, and governance reforms.
Such a firm could provide two kinds of analysis and policy advice: 1)
assessments of the impacts of market and policy reforms on market
opportunities and development, both economy-wide and in selected sectors;
and 2) advice on how to design regulatory and related policy and
institutional reforms to improve the policy environment for private sector
growth and investment and to comply with evolving international norms of
good governance.

 After working on regulatory reform in many countries, I am convinced
that businesses and investors need a better understanding of the real
impacts of government policies on market opportunities and development.
Better information on policy risks can have value in determining the timing
and strategy of business development to maximize returns on capital and in
developing more effective strategies to minimize risks. Governments, too,
need better information on how their decisions will affect markets.

 It would be extremely valuable to hear your views, in your personal
capacity, as to the kind of services that such a firm might offer to meet
the needs of international corporate clients. For example, it is not clear
to me how to balance between a sector focus and a country focus - investment
strategies are increasingly sector-based and global, rather than
country-based. The market is growing for information and analysis of
changing market opportunities as regional and global markets become more
integrated, as competition becomes fiercer, and as structural and governance
reforms speed up. A conversation with you would help me to better understand
client needs in the competitive market for information.

 Of course, any thoughts you might have as to opportunities I should
explore would be welcome.

All the best,

Scott H. Jacobs

Scott H. Jacobs
Head of Programme on Regulatory Reform
PUMA/OECD


please forward to Vicky Sharp.
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/10/2001
09:19 AM ---------------------------
From: Matthew F Gockerman/ENRON@enronXgate on 05/09/2001 03:01 PM
To: Steven J Kean/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Wes
Colwell/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron
cc: Edward Coats/ENRON@enronXgate, Gavin Russo/ENRON@enronXgate, Stephen H
Douglas/ENRON@enronXgate, Jeff Blumenthal/ENRON@enronXgate, Susan
Musch/ENRON@enronXgate, Christian Yoder/ENRON@enronXgate

Subject: Tax Review of California Assembly Bill No. 128

Attached please find a Tax Review of California Assembly Bill No. 128 ("AB
128X").  The Tax Review sets out the practical implication (increased cost to
purchasers) and constitutional deficiencies of AB 128X.

The third paragraph of the Tax Review details the mathematical computation of
the tax and the resulting purchaser price increase.  The computation sales
price, $300/MWh, reflects the SP15 (Southern California) weighted average
index price ($302.88), rounded to the nearest hundred, as reported in
Megawatt Daily's May 8th MarketReport.  However, it may be more effective to
present the mathematical computation with a price closer to the proposed base
price of $60/MWh.  We are available to assist in presenting the computation
utilizing whichever numbers you deem appropriate.

The California Senate has passed SB 1X, Windfall Profits Tax on Electric
Generators.  We will forward a similar memorandum addressing SB 1X.

We are available to address questions and/or comments.  Thanks.

Ed Coats - 713.853.6369
Steve Douglas - 713.853.0938
Gavin Russo - 713.853.6296
Matt Gockerman - 713.853.3979


We will be holding floor meetings on the following dates.  Please join us for
a general overview and Q&A session on one of the following floors:

Wednesday, 4/17/01 - 2:00 - 3:00 p.m. Location:  In front of EB2711

Thursday, 4/24/01 - 2:00 - 3:00 p.m.  Location:  In front of EB2556

Friday, 4/26/01 - 2:00 - 3:00 p.m.  Location:  In front of EB2265

Philippe & Greg


Let me know if you need  more...  Marg.


We are still wating on Bankruptcy court to decide our future.  The Dynegy deal fell through a couple of months ago.  My division (trading ops) will most likely be sold to either UBS or Citigroup.

Keep in touch.

Eric

-----Original Message-----
From: Brett Lawler [mailto:brettlawler@hotmail.com]
Sent: Monday, January 07, 2002 1:15 AM
To: Bass, Eric
Subject: RE: Brett is now officially engaged

Eric,

Thanks for the Congrats.  Sorry I didn't get to see ya,  it'd been 6 months
since I'd gotten to see Marilyn and we had to go through the "rough
re-acclimation" period so once we got over it we wanted to spend all our
remaining time together.  The holiday bowl did in fact rock, I look forward
to next season.  How are you hangnin with this Enron fiasco?  You workin fer
Dynergy now?

We're rollin to the field tomorrow, I'll drop ya a note when we get out.

Take Care,

Brett.
>
>Congrats on the engagement. Sounds like a great evening.  I hope your
>holidays went well otherwise.  Sorry I didn't get to see ya.  Next time
>perhaps.
>
>-Eric
>
>PS I hope you caught the Holiday Bowl - the best game I have seen in
>awhile.
>
>
>
>-----Original Message-----
>From: Brett Lawler [mailto:brettlawler@hotmail.com]
>Sent: Friday, January 04, 2002 3:41 AM
>To: a_diekman@hotmail.com; BLawler875@aol.com; CHMARGAU@aol.com;
>chris_a_regnier@yahoo.com; c_keels@hotmail.com; czl48@hotmail.com;
>e_levitt@hotmail.com; Emily.A.Dickey@questdiagnostics.com; Bass, Eric;
>gjzien@yahoo.com; Jennifer.M.Taylor@uth.tmc.edu; John9375@aol.com;
>k_m_august@yahoo.com; Lhoff21@aol.com; l.lawler@mail.utexas.edu;
>marilynmontano@hotmail.com; mcoombes6400@hotmail.com;
>ashbury21@hotmail.com; srhea@acm.org
>Subject: Brett is now officially engaged
>
>
>Hey there y'all.  Hope you had a Merry X-mas and a good New Year's Eve.
>I just got back from Texas where I asked Marilyn to marry me (she said yesy
>  ou wacko so don't even ask).  I updated the website with pics and a
>storyo
>  n how it went down.
>
>http://www.blaw1.homestead.com/
>
>
>Hope you're all doin well, drop me a note when you get the chance.
>
>Brett.
>
>
>_________________________________________________________________
>Chat with friends online, try MSN Messenger: http://messenger.msn.com
>
>
>
>**********************************************************************
>This e-mail is the property of Enron Corp. and/or its relevant affiliate
>and may contain confidential and privileged material for the sole use of
>the intended recipient (s). Any review, use, distribution or disclosure by
>others is strictly prohibited. If you are not the intended recipient (or
>authorized to receive for the recipient), please contact the sender or
>reply to Enron Corp. at enron.messaging.administration@enron.com and delete
>all copies of the message. This e-mail (and any attachments hereto) are not
>intended to be an offer (or an acceptance) and do not create or evidence a
>binding and enforceable contract between Enron Corp. (or any of its
>affiliates) and the intended recipient or any other party, and may not be
>relied on by anyone as the basis of a contract by estoppel or otherwise.
>Thank you.
>**********************************************************************

_________________________________________________________________
Send and receive Hotmail on your mobile device: http://mobile.msn.com


Barry, For your review.


Greeting gentlemen,

Last time I wrote the Beavers were 6-1 and looking great. Now we  are 8-1 for
the first time ever and?Rose bowl contenders! GO Beavers!!! I was also
looking for you to support the Teke house and trying to revive a little
Alumni  presence at the house. I got a good deal of response and at
Homecoming there  were many of us who stopped by the house. The current
members were very  impressed and I was told by lots of the guys that really
enjoyed hearing our  stories and memories. We can have animpact on the men
currently in the house and  help give a positive direction for them to
follow. One aspect that is on top of  my list to promote in the house is
brotherhood. Through brotherhood they can  support one another in the real
reason they are there: Education. With a strong  brotherhood they will use
each other more for help and guidance, instead of  roommates. I have begun to
raise money for a new TV in the basement, which they  can gather around,
bond, and just spend more time with one another. The amount  of money that I
have raised is still a bit short of the goal to present it  before the Civil
War game. We need your support! It is not necessary to give a  large amount
if you are unable, any amount helps toward the goal. We are greatly  thankful
for  any help you can give. I also would like suggestions for Alumni
functions. I feel that many of us would like to renew the brotherhood and
start  to be a presence again as Alumni of Tau chapter. Thanks you guys and
cheer for  for the Beavers this weekend.

YITB,

Dustin Sievers T 773

(503) 644-6979 hm

(503) 708-6732 cell

4690 sw?Mueller dr.  B202

Beaverton, Or 97007


Two questions:

    1.  How do we fight the notion that a FERC retroactive determination of "just and reasonable rates" should be re-injected into the calculation of negative CTCs?  It seems to me that there are at least equitable arguments against that.  Will this be a CPUC or FERC issue?

    2.  Can we use the utilities' underscheduling to push them back on this, legally or in negotiations?   Since they contributed to the market disfunction, shouldn't they have to live with the consequences?


very symbolic of our current struggle


Hi, Tanya:

I received another call from Dana Dellacona at Hess asking about online and
offline trading.  I'll direct her once again to Tana for online trading.

I'll ask her again to describe the products they want to trade.

Will you evaluate?

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 03/05/2001 08:41 AM -----

	Sara Shackleton
	02/07/2001 05:29 PM

		 To: Tanya Rohauer/HOU/ECT@ECT
		 cc:
		 Subject: Hess Energy Trading Company, LLC ("Hess") and affiliates

I have received the following request from a Hess lawyer:

ECT and Hess have an executed ISDA effective 1/29/98.

Guess what they want?  The following ISDA agreements to trade financial (and
PHYSICAL):

(1)  Amerada Hess Corp.   and  ENA
(2)  Hess Energy Services Company, LLC and  ENA
(3)  Hess Energy Trading Company, LLC  and  ELFI
(4)  Hess Energy Trading Company, LLC  and ECT Singapore Pte. Ltd.
(5)  Hess Energy Trading Company, LLC  and ECTRIC

I explained our financial trading entities.
She did not know what products each of the Hess affiliates would be trading.
Hess CREDIT:  Grim Trivino at 212-536-8979
Hess LEGAL:  Dana Dellacona at 212-536-8133

Please let me know who will handle in credit (and I'll intercede with the
lawyer).  TO MY KNOWLEDGE, NOBODY AT ENRON IS PUSHING HESS.
As usual, thanks for your help.

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


John:
?
Hope you did ok today. As I said yesterday, the poor close  Monday should
lead to additional market weakness, which we saw  today.
?
You indicated that you would mail the service agreement back  to me.? I don't
know if you have the mailing address, so here it  is:
?
Psytech Analytics
11604 Greenspring Ave.
Lutherville, MD? 21093
?
Speak to you soon.? I'll call when I have?the next  decent set-up on my work
for natural.? Feel free to buzz me  anytime.
?
Mark


sounds like you would be calculating a book each day.  it might be a good
entry into trading, but i would check with them on how they have their
program set up to get people into trading positions.  let me check with h.r.
today.  they move slow.  i would ask some questions on that posting to find
out where it would put you eventually.  trading is the way to go.  more money
in trading and your opportunities would open up throughout the industry.


Kim-

I believe November 15th was the start of online paycheck stubs through EHRONLINE for those who are on direct deposit however, Jeff would like to receive hard copies of his paycheck stubs including Nov. 15th.  Can you help us with this?

Thank you!
Jennifer

Jennifer Burns
Executive Assistant to Jeff Shankman
Enron Global Markets, LLC


Below are examples of notices received from ENA's Legal Department when
ISDA's or related documents are signed.
These notices are very effective.

I recommend that the Australia financial Global Contracts group work with
their legal team to adopt a similar notification method.
Please let me know your thoughts.

---------------------- Forwarded by Karen Lambert/HOU/ECT on 08/23/2000 03:01
PM ---------------------------
From: Tana Jones on 08/04/2000 05:14 PM
To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT,
Larry Joe Hunter/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris
Walker/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Paul Radous/Corp/Enron@ENRON, Wendi
LeBrocq/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT,
Samantha Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Mary
Solmonson/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT, Yolanda
Cordova-Gilbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E
Shivers/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT,
Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT,
Anthony Campos/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT, Amber
Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Melissa Ann
Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Bridgette
Anderson/Corp/Enron@ENRON, John Malowney/HOU/ECT@ECT
cc:
Subject: Bellingham Cold Storage Co.

We have received the following executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   July 28, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Bellingham Cold Storage Co.

Transactions Covered:  Approved for all products with the exception of:
Foreign Exchange

---------------------- Forwarded by Karen Lambert/HOU/ECT on 08/23/2000 03:01
PM ---------------------------
From: Tana Jones on 08/17/2000 02:53 PM
To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT,
Larry Joe Hunter/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris
Walker/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Paul Radous/Corp/Enron@ENRON, Wendi
LeBrocq/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT,
Samantha Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT,
Bill D Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT,
Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Anthony
Campos/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Carrie Southard/LON/ECT@ECT, Amber
Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Melissa Ann
Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Bridgette
Anderson/Corp/Enron@ENRON
cc:
Subject: Forcenergy Inc.

We have received the First Amendment to ISDA Master Agreement dated  as of
July 1, 2000 ("Amendment").  This Amendment (1) amends Counterparty's
Threshold under the Credit Suport Annex, (2) exempts certain Transactions
when determining "Exposure" under the ISDA Master Agreement, and (3) changes
the Fixed Price with respect to the "Exempt Transactions" reflected in the
Amendment.

Copies will be distributed.


----- Forwarded by Cindy Derecskey/Corp/Enron on 12/08/2000 09:45 AM -----

	Emma Facy@ECT
	12/08/2000 03:41 AM

		 To: Jackie Gentle/LON/ECT@ECT, Mark Pickering/LON/ECT@ECT, John
Sherriff/LON/ECT@ECT, Karen Denne/Corp/Enron@ENRON, Cindy
Derecskey/Corp/Enron@Enron, Ann M Schmidt/Corp/Enron@ENRON, Katy
Lomax/LON/ECT@ECT
		 cc:
		 Subject: Press Clippings - Enron Mention - GARY HAMEL

"Chance for Survival" - GARY HAMEL

---------------------- Forwarded by Emma Facy/LON/ECT on 07/12/2000 17:28
---------------------------


Kevin:  Rob Benson called me this morning to ask about the process for Permanent Residency (Green Card).  At this time, I have been asked to hold on all new Green Card applications until further notice.

However, we might want to amend Rob's visa status from L1B to L1A, making it easier, faster and cheaper to process the Green Card, hopefully in the near future.

Rob was originally brought into the US in the capacity of Associate and this is why we used the L1B visa and not the L1A at that time.  Now that he is a Director, we should be able to amend his visa to L1A.  (The L1A is usually for Managers or above, or someone managing a function).

Do I have your authority to go ahead with the amendment?  The approximate cost is $1,000.

Thank you
Margaret
x51529


Thanks Ranelle!  As for the marketing folks, one benefit is I'll be down
there riding shotgun on those TW guys!  df

From: Ranelle Paladino on 03/20/2001 09:49 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Organization Announcement

Congrats on the promotion.  I can't believe you will be moving to Houston.
Who will I turn to around here when I am working the holidays and the
marketing people are running rampant???!!!
Ranelle
---------------------- Forwarded by Ranelle Paladino/ET&S/Enron on 03/20/2001
09:47 AM ---------------------------

	From:  Stan Horton, Chairman & CEO                           03/07/2001 10:57
PM

Sent by: ETS General Announcement
To: Enron Transportation Services Operations
cc:

Subject: Organization Announcement

Michael Moran, currently Managing Director and General Counsel for ETS, has
decided to retire after a distinguished 27-year career with Enron.;; Mike has
been a conscience and a statesman of our organization and it is hard for me
to imagine the ETS organization without Mike.;
;
Fortunately, Drew Fossum, currently Vice President and General Counsel for
Northern Natural Gas and Transwestern, has accepted my offer to become Vice
President and General Counsel of ETS effective April 1, 2001.; Drew will
relocate to Houston and report to me in his new role.
;
To assist with transition issues and special projects, Mike has agreed to
stay on board for several months as Managing Director and Special Counsel to
the Chairman and will continue to report to me.;;
;
Please join me in congratulating Drew on his new assignment and thanking Mike
for his many contributions to ETS and Enron.;


I believe there is a potential "anti-trust" issue brewing at BPA. I know BPA
is subject to different rules than most other entities, however, I have
sought to understand how they are acquiring power from customers, or allowing
some customers to install small scale generation and BPA buys that power,
without it hitting the federal transmission system.

It may not be an issue in as much as Enron, or other marketing entities, may
not want to compete with BPA to purchase power from these small generation
units.

However, if we were interested in buying this energy that's too bad because
we can't get access to it.

BPA's Power Business Line (PBL) is making arrangements with local utilities
and with those utilities industrial customers through which the customer
installs small generation units and the PBL is purchasing the output. In this
instance the customers load is not reduced. BPA is concerned that if the
customer reduces load they (BPA) will lose revenue, as will the host utility
(distribution costs). So the concept is that the generator simply continue to
buy "priority firm" energy through the host utility and they sell the output
of the small generator to BPA. But, because it takes so long to get through
BPA's Transmission Business Line's (TBL's) interconnection and system study
process, the PBL is simply going around that process. This treats the output
as though it is going to BPA's grid without reducing the host utilities load.
However, the PBL is not seeking to "interconnect" these loads with the
federal grid because it takes too long to do that.

If Enron wants to buy power from a small generator, either Enron or the host
utility or the industrial customer will have to go through BPA's extensive
analysis process.  In one instance I am aware of, the industrial customer
would like to get a market price for the output of their generator but BPA is
telling them they will only pay a price much lower than market ($90-110 MWhr)
for the next year. The generator feels they are held hostage to BPA's offer
because they are not able to get onto the federal transmission network.

Seems like anti-trust to me. Or, at a minimum, self-dealing which I believe
FERC has sought to avoid.

Jeff


Notice No. 01-437
December 20, 2001

TO:		All ACCESS/C21 Frame Relay Users

FROM:		J. Robert Collins, Jr., President

SUBJECT:	NYMEX ACCESS
 and C-21 Frame Relays

Thank you for your patience and understanding concerning the frame relay
equipment issue.  I'm pleased to inform you that the Exchange has made a
final decision on the disposition of this equipment.

Please be advised that AT&T will be contacting you shortly to arrange for
disconnection and removal of the router and modem only for those NYMEX
ACCESS
 and C-21 users connecting to our systems via frame relay.  This is
AT&T's equipment and they will arrange for its pickup.  Users are
responsible for the costs associated with any AT&T equipment that might be
damaged or lost.

All NYMEX ACCESS
 terminal holders must contact their telephone carrier to
arrange for the discontinuance of phone service to their terminal.  Since
the user set up the account with AT&T, they are responsible for contacting
the carrier and making arrangements for this service to be discontinued.
The Exchange will not do this.  This should be completed as quickly as
possible since the Exchange will not pay for any reimbursement costs
incurred after December 31, 2001.

Finally, with reference to the NYMEX ACCESS
 and C-21 terminal equipment
itself, the Exchange requires that NYMEX ACCESS
 and C-21 frame relay
holders write or email the NYMEX Customer Service Call Center (NCSCC) with
their intention to return the equipment to the Exchange at their own cost,
or to keep the equipment and continue using it for NYMEX ACCESS
  and / or
C-21 usage.

To contact NYMEX Customer Service, call: #1-800-438-8616 or e-mail:
CUSTCARE@nymex.com.
To send your response via post, please mail to:
New York Mercantile Exchange
Customer Service Department
World Financial Center
One North End Avenue
14th Floor
New York, NY 10282
Attention: Robert Dagistino, Director and/or Mildred Rodriguez, Business
Analyst

Should you decide to keep the equipment and continue to use C-21 and/or
NYMEX ACCESS
, please be advised that effective December 31, 2001 any
license granted to the C-21 and NYMEX ACCESS
 software programs or any
third-party software that may be accessed via the terminal equipment shall
terminate.  Any use of these software programs after that date or any
copying or re-distribution of these programs is strictly prohibited.  To
continue using the equipment, you must format the hard drive and install any
operating system that supports Internet Explorer 5.1 or greater.

Should you have any questions please contact the NCSCC at 1-800-438-8616 or
e-mail at CUSTCARE@nymex.com.

Thank you for your continued support.


Outstanding!!  Its great to see that the organization recognizes real talent
when it sees it!  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/04/2000
01:56 PM ---------------------------

 FYI TO GPG
From: GPG General Announcement on 05/04/2000 06:15 AM
To: Gas Pipeline Group Operations
cc:
Subject: Promotion Announcement

I am pleased to announce that Colleen Raker has been promoted to Assistant
General Counsel effective April 1, 2000.  Colleen brings over 16 years of
Enron experience to the position.  In her new role, Colleen will continue to
provide legal support to all GPG companies in worker safety, pipeline safety,
and general operations.  Please join me in congratulating Colleen on her
promotion which is well earned.

Lou Soldano


This is fine with me.  In the past, Dave wanted to see all of the ETA and PA amendments that we negotiated with EnronOnline users.  I take it these should go to you now.  If it comes to you from me, Leslie Hansen or Mark Greenberg, you can assume that Legal has signed off and it is just coming to you for final approval.  Let us know if you no longer want to receive these.

 -----Original Message-----
From: 	Puthigai, Savita
Sent:	Thursday, June 28, 2001 8:59 AM
To:	Taylor, Mark E (Legal)
Subject:	FW: PPL Montana ETA Letter Agreement
Importance:	High

Hi Mark,

Can you please take a look at this letter and see if you are acceptable to the changes requested by the counterparty. In case you are not the right person can you let me know who should take a look at this.

Savita

 -----Original Message-----
From: 	Forster, David
Sent:	Monday, June 25, 2001 5:28 PM
To:	Puthigai, Savita
Subject:	FW: PPL Montana ETA Letter Agreement

Savita,

I guess you should look after these, now?

Dave

 -----Original Message-----
From: 	Hansen, Leslie
Sent:	Monday, June 25, 2001 11:27 AM
To:	Forster, David
Subject:	PPL Montana ETA Letter Agreement

Dave:

I am back in the office from maternity leave.  PPL Montana is finally ready to use EOL and would like to finalize the attached letter, which I sent to them last winter.

Please let me know if you have any questions or comments.

Best,

Leslie

 << File: PPL Montana ETA.doc >>


Hi Everybody.

Please stop by the front desk between now and next Tues. (8/14) to sign the get well card we will be
sending to Graeme on Tuesday evening.

Thank you,
April

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of STEVE ROY- DIRECTOR, HUMAN RESOURCES, TEESSIDE POWER STATION@ENRON
Sent:	Friday, August 10, 2001 9:18 AM
To:	All Enron Worldwide@ENRON
Subject:	UPDATE: TEESSIDE POWER STATION

UPDATE ON GRAEME WHITE

We are pleased to be able to give you a progress report on the condition of Graeme White who was injured in Wednesday's explosion at Teesside Power Station.  Graeme has now been moved from the Intensive Care Unit at Middlesbrough General Hospital to Ward 46 - a specialised skincare unit - where he is receiving treatment for burns.  He has been able to open his eyes now and is taking food.  His condition is still described as "stable".

Please don't send flowers, but cards and messages for Graeme will be welcome.  They should be sent to the address below or c/o Julie Webster at Enron's Stockton office who will ensure they are promptly delivered.

Graeme was visited last night by Jeff Skilling and Brian Stanley and they also met members of his family.  Other colleagues planning a visit should contact Julie Webster (+44 1642 623004) or Graham Moore (+44 1642 442133) who are coordinating the program.

Address for cards and messages:

Graeme White
Ward 46
Middlesbrough General Hospital
Ayresome Green Lane
Middlesbrough  TS5 5AZ
UK

Julie Webster
Enron Power Operations Ltd.,
Merchants Wharf
Westpoint Road
Stockton on Tees
Cleveland TS17 6BF
UK

With thanks,
Steve Roy


BUSINESS HIGHLIGHTS

Oil Products Group
The Enron Global Markets Oil Products Trading Team is at it again.  On
December 27, 2000 they successfully completed four EnronOnline trades with a
total volume of 40 million barrels and a total notional value of
approximately $145 million.

? USGC Heating Oil Crack - 1.3 million barrels/month for calendar year 2001
for a total of 15.6 million barrels and a notional value of $60.84 million;
? USGC Heating Oil Crack - 700,000 barrels/month for 1Q 2001 for a total of
2.1 million barrels and a notional value of $12.18 million;
? USGC Gasoline Crack - 1.2 million barrels/month for calendar year 2001 for
a total of 14.4 million barrels and a notional value of $54.72 million;
? USGC Jet/Heat Swap - 650,000 barrels/month for calendar year 2001 for a
total of 7.8 million barrels and a notional value of $17 million;

This team has completed trades withe the largest volumes and highest notional
values to date on EnronOnline.

Steel Trading
On the steel trading side, we have just hired 4 steel traders, expanding the
steel team to 10 people totaling over 75 years of accumulated steel
experience.  Financial Hot Rolled steel swaps are on EnronOnline. Put and
call options are quoted and physical steel will be launched during the first
quarter of 2001.  The next goal for both originators and traders will be to
"Enronize" the new traders and educate the steel industry on our risk
management tools.

IN THE NEWS

"Enron, once focused on shipping natural gas through pipelines, made huge
strides into new markets in 2000 by developing technology to trade everything
from electricity to Internet data capacity." -- The Year's Top Business
Stories in the Houston Chronicle

NUGGETS & NOTES

"Work hard, Play hard" - Jeff McMahon - President & CEO - EIM

"January 1 the real game has begun...........have you seen our budget!" - Ray
Bowen - MD & COO - EIM

EIM employees to Marsha Schiller - Executive Assistant and floor coordinator
for EIM , " I need a desk!"  I don't want to sit in the window!"

Congratulations are in order for Tim Belden, VP/West Power Trading and his
wife Sue.   They started off the New Year celebrating the birth of their son,
Jackson Fletcher Belden.  Jackson arrived, December 28, 2000, weighing 8lbs
10oz, 20 inches long.  Mother, baby, and father are doing well.

WELCOME

New Hires ENA/EIM/EGM
ENA ) Alexandra Villarreal

Transfers ENA/EIM/EGM
ENA ) Frank Vickers

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.


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JSTEFFE>
Date: Wednesday, September 19, 2001 10:19:31 GMT
Subject:

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JSTEFFE>
Date: Wednesday, September 19, 2001 10:19:31 GMT
Subject:


Can I come down and get this this am?

Thanks,
Mark P.

Input info for the NDA
--------------------------------

Legal name of the company:
 Lehman Brothers Inc.

Business contact name at the company (who will receive the NDA):
 Jarett Wait

Business contact email & phone (& fax, if applicable):
 jwait@lehman.com

Company's address:
 3 World Financial Center
 10th Floor
 New York, NY  10285

Nature of discussion:
 Project Offline

NDA delivery method:
 Hard-copy (return to Mark S. Palmer)

Other delivery needed? (hard copy sent by mail, Fedex, fax):
 No

Legal contact at the company (optional but helpful):


Jason,

Let me know if this is not what you need.  Thanks for your help.

Kim


Aimee,
Sitara Deal 92943 for meter 1431 has expired on Oct 31, 1999 .  Settlements
is unable to draft an invoice for this deal.  This deal either needs to be
extended or a new deal needs to be set up.  Please let me know when this is
resolved.  We need it resolved by Friday, Dec 17.
HC


Hi Jeff,

No problem.  As soon as we have an agreement in place,
I shall start working with you.

Vince

"$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com> on 01/10/2001 12:59:36 PM
Please respond to "$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com>
To: Vince.J.Kaminski@enron.com
cc:
Subject: Hi Vince

Hi Vince.
Here is my contact info:

Jeff Wesley
949 813 2241
jjw@ziplip.com
jjw@lokmail.net

I work with MRI USA
and RobertWalters UK
I also underwrite my own deals.

Example of current accounts:
PaineWebber
Merrill Lynch
Crowell Weedon

Current companies I work with include:
ConEdison energy
SMUD (Sacramento Energy)
Calpine Energy
Morgan Stanley Dean Whitter

Job orders sent:
Chicago Mercantile Exchange
Alcoa
Cournerstone Energy

I hope this makes it through the firewall!

My partner in London at RobertWalters sent me a guy for you to browse...I'll
pop him over later.
Thanks Vince!
Jeff

*  Get free, secure online email at http://www.ziplip.com/  *


Attached is a draft response to John Rickett.


Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net

----- Forwarded by Brian Hoskins/Enron Communications on 11/16/00 01:47 PM
-----

	Sherri Carpenter@ECT
	11/16/00 09:47 AM

		 To: EWard@plastipak.com
		 cc: (bcc: Brian Hoskins/Enron Communications)
		 Subject: Another election joke

If it works for politics, it should work for sports...

NEW YORK  --The New York Mets announced today that they are going to court to
get an additional inning added to the end of Game 5 of the World Series. The
batting, pitching, and bench coaches for the Mets held a press conference
earlier today. They were joined by members of the Major League Players Union.

"We meant to hit those pitches from the Yankee pitchers," said the Mets
batting coach. "We were confused by the irregularities of the pitches we
received and believe we have been denied our right to hit."

One claim specifically noted that a small percentage of the Mets batters had
intended to swing at fast balls, but actually swung at curve balls.  It was
clear that these batters never intended to swing at curve balls,  though a
much higher percentage were not confused by the pitches.

Reporters at the press conference pointed out that the Mets had extensively
reviewed film of the Yankees pitchers prior to the World Series and had in
fact faced the Yankees in inter-league play earlier in the year.

"The fact remains that some of the pitches confused us and denied us of  our
right to hit," said the Mets batting coach. "The World Series is not over yet
and the Yankees are celebrating prematurely."

Major League Baseball has reviewed the telecast of all the World Series games
and recounted the balls and strikes called by the umpires of each game.
"While some of the strikes called against the Mets were, in fact, balls,
there were not enough of them to change the outcome of the World Series," the
commissioner said.

Another portion of the Mets legal claim stated that, based on on-base
percentage, the Mets had actually won the World Series, regardless of the
final scores of the games. "It's clear that we were slightly on-base more
often than the Yankees," said a Mets spokesman. "The World Series crown is
rightly ours."

The manager of the Mets has remained in relative seclusion, engaging in some
light jogging for exercise. He has stated that he believes "we need to let
the process run its course without a rush to judgment."


1.  When you buy from the imbalance(Services 2mw for HE 17-22) please make sure that you buy from the correct zone(i.e.  if finals have sp load dec'd then the buy from the imbalance in enpower needs to be in sp).  Day shift, assumed the ISO would make a buy from NP and for 3 hours they dec'd SP load.  Even better if you know that you are going to buy from the imbalance then submit a schedule that is BALANCED,  in this case they should have created a new load zone in SP under the Services book and inserted a -2 for HE 17-22.  As always we don't want to buy from the imbalance but if all other options have been exhausted then at least submit your preferred zone to purchase from rather than leaving the ISO to roll the dice and force balance you how ever they want.

2.  Unless I have been informed incorrectly, we should be accounting for bloomberg fees as a fee rather than sticking it the price.  This should make the SAR and settlements just a little easier.


Shijie:

I spoke with Vince and he said Friday the 28th of July would be fine for
your visit to Enron.

Please let me know your itinerary when you have it confirmed.  There
are two hotels downtown Houston, The Doubletree and the Hyatt Regency
that are very close to the Enron Bldg.

If you need help with anything, please let me know.

Look forward to having you at Enron.

Regards,

Shirley Crenshaw

Shijie Deng <deng@isye.gatech.edu> on 06/30/2000 10:15:43 AM
To: Shirley Crenshaw <Shirley.Crenshaw@enron.com>
cc:
Subject: Re: Visit to Houston and Vince Kaminski's Research Group

Shirley,

Thank you for your message.  I'm fine with 7/28 (Friday).  I could fly in
to Houston early evening on 7/27.  Please let me know after you confirm
the date with Vince.  Thanks!

Shijie

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng

On Fri, 30 Jun 2000, Shirley Crenshaw wrote:

>
>
> Good morning Professor Deng:
>
> I am Vince Kaminski's assistant and he has asked me to coordinate your
> visit to Enron.  The last week in July would be best for Vince and his
group.
> especially the 24th, 26th, 27th, or 28th.  Tuesday, the 25th is already
filling
> up.  Please let me know which day would work for you.
>
> Best regards,
>
> Shirley Crenshaw
> Administrative Coordinator
> Enron Corp. Research Group
> 713/853-5290
> email:  Shirley.Crenshaw.com
>
>
>
>
>
>
>


The Stanford Business School, in collaboration with the management-consulting
firm McKinsey & Company, is conducting a large study of global corporations,
their management practices, and organization.  Enron is participating in the
project in order to learn how our own practices and activities compare to
those of other leading global firms and to see which bring true benefits in
the global marketplace.  One of the unique features of the project is that it
seeks to assess the knowledge and communication networks within a company by
asking employees throughout the company to comment on their actual practices
and experience.  The goal is to obtain real and accurate information by
surveying the people most directly involved in the company's operations.

I would like to ask you to help us in getting the most out of our
participation in the GLOBE Initiative by completing the GLOBE Network
Survey.  The survey is brief and should take no longer than 15 or 20
minutes.  Your responses will be treated as strictly confidential, and will
be used solely by the Stanford/McKinsey researchers to evaluate how specific
practices and structures impact global communication and knowledge flows.  If
you would like individual feedback on how your own networks compare to those
of others in the study, please check the appropriate box at the end of the
survey.

Please save this email for future reference and, again, thank you for
contributing to this important learning opportunity.

To complete the GLOBE Network Survey, please click on the link below and
simply follow the survey instructions.  You will need to enter the Enron
Company Code, which is:

C673EV

To begin the survey, click on the link below:
http://63.211.208.100/GLOBENetwork/survey.asp

You may also copy this link and paste it into your favorite browser.

Thank you.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/10/2000
05:51 PM ---------------------------

Ludkam@aol.com on 01/10/2000 05:47:29 PM
To: Vince J Kaminski/HOU/ECT@ECT, VKaminski@aol.com
cc:
Subject: Re: czeki

#1244 $24.00 to Palo Alto Pathology, Inc.
#1243 $266.00 to Vehicle Registration DMV CA


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: Aronowitz, Alan
Sent: Tuesday, November 20, 2001 6:05 PM
To: Rohauer, Tanya
Cc: St. Clair, Carol
Subject: FW: Executed Agreement

Tanya:

Goldman is pushing agressively toward execution of the Master Close-Out Agreement. So much so, that they have forwarded to me an executed counterpart signed by their three affiliates. I left you (and Carol) a voice mail a little while ago, please give me some guidance on this.

Alan

-----Original Message-----
From: "Bunkin, Steven" <steven.bunkin@gs.com>@ENRON
Sent: Tue 11/20/2001 5:45 PM
To: Aronowitz, Alan
Cc:
Subject: Executed Agreement

Alan- I'm attaching an executed version of the Netting Agreement.  I would

appreciate if you could have this signed by Enron tomorrow.  Please contact

me at 212 902 0952.  Best regards, Steve

 - 11202001_182931_ETFXNODE8_2.tif <<11202001_182931_ETFXNODE8_2.tif>>


Mike,
   good to talk to you last evening. Feel free to call me with any
additional thoughts. Regards, Jim

James Gillespie
Senior Executive Recruiter
Robert Walters
Telephone: 212-704-9900
Fax: 212-704-4312
james.gillespie@robertwalters.com

**********************************************************************
CAUTION: Electronic mail sent through the Internet is not secure and could
be intercepted by a third party.

This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the system manager.

This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

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


Any news on this. Rick


Fish.


Hi Matt

Just checking in to see how it is all going for you in the Trading Track?

Thx. Karen.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
06:05 PM ---------------------------

Vince J Kaminski
09/01/2000 04:35 PM
To: vkaminski@aol.com
cc:
Subject: PApers


---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/08/2001
01:48 PM ---------------------------

Sara Davidson@ECT
02/08/2001 09:35 AM
To: BCC
cc:  (bcc: Drew Fossum/ET&S/Enron)

Subject: Save the Date!

_____________________________________________________________________

Enron Law Conference
2001

May 2-4, 2001
Westin Riverwalk
San Antonio, Texas

Look for RSVP forms the end of February via e-mail.

_______________________________________________________________________


MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:  MICHAEL L. MILLER

Topic:  Principal Investments

Thursday, May 17, 2001
11:30 a.m. - 12:30 p.m.
EB 5 C2

You bring your lunch,          Limited Seating
We provide drinks and dessert.        RSVP  e-mail Kathie Grabstald
                   or call x 3-9610


that is you dancing at sierra.


Rika,

Here are the user names that you requested for the ERCOT website:

dbaumba, ebass, vweldon, tmartin, molsen2, gbryan, mlarubb.

Thanks,

Eric


Greetings:
Could I get an electronic copy of your request to the CPUC to extend Gas Accord until 2005?  You think they'll approve?  When are comments due?  We want to support you.

Best,
Jeff


Don,

Could you have someone send me the newest list of counterparties (both East & West) that we are still performing with.

Thanks,
Stacey


Thank you very much for the kind thoughts.

All the best and I hope that all is well in your neck of the woods,
Best,
Jeff

	Ricardo Charvel
	02/22/2001 12:19 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Congratulations!

Jeff,

I wish you the very best in your new responsibilities.  California is a big
challenge but I am sure that your work there is making a difference.

Congratulations,

Ricardo


Elizabeth -- As we discussed, billing will need to take place pursuant to
Section 30.8(e) (i.e., refund or credit to the releasing shipper).

Here is the language you requested for our posting:

In accordance with Section 30.9(f) of the General Terms and Conditions of
Transwestern's Tariff, Releasing Shipper shall remain liable to Transwestern
for payment of reservation charges and any applicable surcharges.

If you need anything further please don't hesitate to call.


Great

 -----Original Message-----
From: 	John L Garrison/HOU/AZURIX@AZURIX@ENRON   On Behalf Of John L Garrison/HOU/AZURIX@ENRON
Sent:	Thursday, November 08, 2001 9:55 AM
To:	Horton, Stanley
Subject:	Re: "SPECIAL" ENRON GLOBAL SERVICES HALF DAY STAFF MEETING

Stan,

Michael will make the presentation for Azurix.   He will give an overview slide of Azurix and then use a couple of the slides from the Budget presentation.

John L. Garrison
President and Chief Executive Officer
Azurix Corp.
713-646-6421 Office
713-646-9577 Fax
jgarris2@azurix.com


----- Forwarded by Mark Taylor/HOU/ECT on 08/25/2000 11:48 AM -----

	RRichards@milbank.com
	08/25/2000 10:41 AM

		 To: craig.clark@enron.com, ryan.siurek@enron.com, clint.walden@enron.com,
kevin.d.jordan@enron.com, mark.taylor@enron.com,
brent.vasconcellos@enron.com, annmarie.tiller@enron.com
		 cc:
		 Subject: FW: Paragraph 13 of the CSAs

-----Original Message-----
From:?? Richards, Raymond
Sent:?? Friday, August 25, 2000 10:33 AM
To:???? 'mary.cook@enron.com'
Subject:??????? Paragraph 13 of the CSAs
Importance:???? High

Attached below please find the CSA's.?

 <<REDLINE.DOC>>  <<Citi-Enron CSA.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.

 - REDLINE.DOC
 - Citi-Enron CSA.doc


Tom,

Can you please seek Daren's advise on nom adjust at the aforementioned meter
due to this meter receiving 19 mmbtu's on a 28 nom?

Daren, there are two Sitara deal numbers associated w/this receipt meter
(both gathering) 154608 and 138572.  138572 is Wellhead gas.

Thanks
-Jackie-


Sue Landwehr in government affairs spoke to a member of the Thompson
administration who indicated that the governor may be interested in talking
to you about Amtrak.  Specifically, ECT has been working with Amtrak for
quite some time on an electricity


I have reviewed the ANNGTC confidentiality agreement (the two page letter agreement included in the package) and have several comments.  I've attempted to briefly explain the basis for each change in brackets after the change.  I'm circulating these by this email so you all can jump in if you have further comments.  Please give me a call if you have any questions or comments.  DF

--in the second paragraph, line 2, after "concerning" add: ", without limitation,"  [I don't know exactly what the disputed issues under the old partnership agreement are at this time, and don't want this signed letter agreement used as a basis for someone's claim that we've waived an argument.]

--second paragraph, lines 4-9:  delete the sentence beginning with "Furthermore" and ending with "Partnership."  [This sentence serves no purpose but to assert an interpretation of section 4.4.4 of the Partnership Agreement.  Since that section apparently (Foothills and Westcoast believe) limits the rights of the withdrawn partners, I'd prefer to let section 4.4.4  speak for itself and not have us sign any documents that arguably endorse any parties' interpretation of that language.]

--page 2, line 1:  after "(b) your" add:  "execution of this agreement and".  [I'd like to broaden our protection so our signing of this letter agreement cannot be argued to constitute a waiver of any argument or otherwise compromise our position.]

--page 2, Section 2.(c), line1:  after the words "not be used" add:  "by the Receiving Party".  [Any party that currently has information should be able to use that information for any purpose it wants in the future--including as evidence in a fight about the Partnership Agreement.  That should be true whether the party having such information chooses to disclose it to someone else under this letter agreement or not.   The restriction on use should be limited to that information that a party obtains solely due to another parties' disclosure pursuant to this letter agreement.  I suspect that's what they intended, but it needs clarification.]


Hello Miss Cynthia,  I am doing fine.  Work has been really kicking my butt
lately.   Lunch Tuesday works for me.  I will give you a call on Monday to
confirm.  Hope everything is going well with you also.  Take care.

	"Cynthia San Marco" <csanmarco@kkrw.com>
	06/23/2000 09:11 AM

		 To: Gerald.Nemec@enron.com
		 cc:
		 Subject: Hi!

Hi Mr. Nemec, how are ya? Hope all is well. I am going through my
appointments and was going to see if you wanted to try and meet for lunch
one day next week. I can't go on Wednesday, but the rest of my week looks
pretty open. I want to try Hard Rock Cafe downtown beacuse I have trade
there and I have never tried it before. Besides, it is close to your office.

Call me or e-mail me if you want to try and get together next week. Talk to
you soon.

Cynthia


Looks like we made a boo-boo.  I'll let you know what I find out.  Thanks.
ii

> -----Original Message-----
> From: Chris Germany [SMTP:Chris.Germany@enron.com]
> Sent: Monday, March 06, 2000 8:39 AM
> To: ingrid.immer@williams.com
> Subject: Demand Charges
>
>
>
> Here are a couple of demand charges I don't understand.  AGL released CES
> some
> ESR (offer #18307) and WSR (offer #18210).  The demand portion of these
> contracts being billed on k#1.3473.  What's up.
>


I see Ben keeps calling me.  Any idea what's up?  I probably have another 30
minutes on this call.


As most of you know, Alan Comnes started in the Portland office 1 Nov. as a
Director in Government Affairs.

In  an effort to get Alan "up to speed" on ouron-going projects, please copy
him on your communications to the group.

Alan's e-mail is : Alan Comnes/PDX/ECT

You can reach Alan in the office at 503/464-8129 or on his cell at
503/267-4850 (his cell phone also serves as his pager).

If you have any questions, please do not hestitate to contact me!

Lysa
503/464-7927


The February EC meeting (wholesale gas quadrant) will be held Thursday, Feb 21.  The agenda is light; I'll attend via conference call.  I want to mention a couple of items.

A vote will be taken to change the version 1.5 'GISB' standards to 'NAESB' standards.  There's been some discussion on the proper way to vote (e.g., 17/2, procedural).  It will probably be a 17/2 vote.  I don't think it matters.  The only issue I see is that people will want to make it clear that this 17/2 vote should not be interpreted as a vote in favor of each and every standard.  It is only a vote in favor of changing the standards to NAESB.  A comment can be made on the record.

The 'Base Contract for Sale and Purchase of Natural Gas' will be voted.  We have not been involved with or concerned about this document since we will not use it.  If a motion is made to accept it, I plan to vote in favor.  Comments have been submitted and it appears that this recommendation may be sent back to subcommittee for further work.  I'll go along with this if motioned.

Last December the EC adopted revisions to standards based on the recommendations in the Sandia Labs Report.  These revisions have been incorporated into GISB's response document, which has been distributed to the EC.  This response document was received earlier this week; I have not verified GISB's work.  This item is not on the EC agenda, so I don't know the specific intent.  They may want the EC to approve the final version -- which means approving GISB's work.  I have a concern with that type of vote.  They may want the EC to approve the 'Executive Summary' and 'Conclusion' (total 3 pages).  I have no problem with that vote except that these documents have not been updated since the December revisions were made and are no longer correct.  I'll take care of during the EC meeting.  (NOTE: The revisions to standards have not been distributed for ratification.)

The plan is to bring the response document before the Board at their March meeting for "approval".  The response should also be reviewed by the Editorial Review Board.

Thanks,
Theresa


yeah, but I don't know for who...I don't think I will be working for Chris.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:22 AM
To:	Rybarski, Amanda
Subject:	RE:

im glad to hear that, so are you going to be doing the same thing

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 10:21 AM
To:	Maggi, Mike
Subject:	RE:

Not at all...I just now got my offer letter...FINALLY.  What about you? Anything exciting?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 10:20 AM
To:	Rybarski, Amanda
Subject:

anything exciting going on over there


this is funny


I do not appear to have it.

	Mary Cook
	08/28/2000 04:25 PM

		 To: Robert Bruce/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Jason Peters/Corp/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Tana
Jones/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT,
Becky Tlucek/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: File Search:  ISDA:  ENA and Public Service Electric and Gas
Company 11/29/99

Do you have this file?  It was last being worked by Flynn and St. Clair.
Thanks for looking.  Mary


----- Forwarded by Jeff Dasovich/NA/Enron on 04/27/2001 04:06 PM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	04/27/2001 03:42 PM
	Please respond to "Julee Malinowski-Ball"

		 To: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>
		 cc: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Tandy McMannes" <mcmannes@aol.com>, "Sue Mara"
<smara@enron.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff"
<siliff@riobravo-gm.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Roger Pelote" <roger.pelote@williams.com>,
"Richard Hyde" <rwhyde@duke-energy.com>, "Randy Hickok"
<rjhickok@duke-energy.com>, "Rachel King" <rachel.king@elpaso.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>,
"Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent
Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>,
"Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe
Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>,
"Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frazier
Blaylock" <frayblay@aol.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Eric Eisenman"
<eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley"
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>,
"Craig Chancellor" <craigc@calpine.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Alex Sugaoka"
<alex.sugaoka@UAECORP.COM>, "Bob Szymanski" <rjszymanski@powerworksinc.com>,
"Chris Ellison" <CTE@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Andy
Brown" <ABB@eslawfirm.com>, "Sandi McCubbin" <smccubbi@enron.com>, "Susan
McCabe" <smccabe@mccabeandcompany.net>, "Scott Govenar"
<sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross"
<robbiz@cwo.com>, "Rina Venturini" <rventurini@teamgsi.net>, "Phil Isenberg"
<Isenberg@HMOT.com>, "Mike Monagan" <mrmonagan@aol.com>, "Maureen OHaren"
<Oharen@HMOT.com>, "Marie Moretti" <mmoretti@mccabeandcompany.net>, "Jamie
Parker" <jparker@hmot.com>, "Hedy Govenar" <hgovenar@govadv.com>, "Fred
Pownall" <fred_pownall@ka-pow.com>, "Delany Hunter" <dhunter@s-k-w.com>,
"Chuck Cole" <ccole@advocation-inc.com>, "Bev Hansen" <bhansen@lhom.com>,
"Anne Kelly" <kelly@hnks.com>, "Mark Nobili" <mnobili@cal-lobby.com>
		 Subject: Legislative Status Report Week Ending 4/27

Date: April 27, 2001
To:  Jan Smutny-Jones, Steven Kelly, Katie Kaplan
Cc:  IEP Board Members
From:  Julee Malinowski-Ball
Re:  Legislative Status Report Week Ending 4/27

RECENT EVENTS

-- Rule #1: Never assume an issue is done until the ink is dry from the
Governor's signature (and even then you never know).  The Senate Republicans
agreed late this week to oppose SB 28x (Sher), which makes several
IEP-sponsored proposals to the siting process, due to a controversial
provision added in the Assembly Appropriations Committee regarding
unemployment compensation.  Assembly Republicans let it slide on process
because CMTA and the Chamber's objections to the egregious language was so
last minute.  Senate Republicans had more time to look at the issue and
agreed not to let it go forward.  Since they control of the final vote in a
bill requiring two-thirds, their united opposition stopped the bill, one
vote shy.  The author was granted reconsideration and discussions will be
on-going over the next week on how to proceed.  The best-case scenario at
this point is getting one Republican to drop from the ranks.  Worst-case
scenario is the bill dies, and our language gets picked up in another
vehicle starting the whole process all over again.  The more likely
scenario, however, lies somewhere in between.  Parties will agree to some
compromise language, send the bill back to the Assembly to make the
appropriate changes, then bring it back to the Senate for a clean vote.

-- Long-term contracting was moved to the front burner this week by Asm.
Wright (AB 57) and Senator Morrow (SB 997), both with different results.
Both measures, which are almost identical, set forth a criteria which, if
followed by an IOU when signing a long-term contract with an energy
supplier, would eliminate the need for a reasonableness review by the CPUC.
AB 57 passed out of the Assembly Utilities and Commerce committee with
little discussion and a few technical amendments.  SB 997 faced a longer,
more difficult hearing in front of Senator Bowen's Energy Committee.  IEP,
along with the three IOUs testified in support of the measure, while TURN
expressed great concerns with the concept of leaving the CPUC out of the
picture.  In the end, the Senate committee agreed to put the bill off for
further discussions, passed a motion in support of getting the appropriate
rule waver so the bill can be heard again after Friday's policy committee
deadline, and scheduled a stakeholder meeting for Thursday morning.  Senator
Burton announced on the Senate Floor Thursday morning, however, that all
requests for rule wavers would be denied.  AB 57 appears to be the only
active vehicle on this issue, and IEP will be at the negotiating table
providing input on the language as it moves forward.

-- AB 60x is scheduled for hearing next week in the Senate Energy Committee.
IEP met with committee staff this week, which revealed some possible
latitude in amending the bill.  IEP and other member company lobbyists will
be pushing hard for an opposed position from the rest of the committee
before the hearing Tuesday afternoon.  At this time, however, we do not have
any alternative language for the bill.  After further review by some IEP
member companies, the previously drafted amendments appear unworkable and
were withdrawn from consideration.  We anticipate on waiting to see where
the committee on Tuesday takes the issue before another attempt at drafting
alternative language.

-- SB 1x (Soto/Scott) was amended this week before its hearing in the Senate
Appropriations committee next week.  The new language finds a backdoor to
the price cap issue by imposing a 100 percent tax on the sale of electric
power that exceeds a base price of $80 per MW/hr.  CMTA, the Chamber and
CalTax will be coordinating strategy for the hearing with IEP and the
generators, but despite the bill's multiple constitutional and legal
problems, most admit the measure will move forward with little trouble.  A
new player on the scene will probably provide the most noteworthy testimony.
InterGen North America, which is developing a 900 MW power plant in Palm
Springs, plans on testifying that if this measure is signed by the Governor,
they will absolutely pull the project and go to Oklahoma.

-- Newly amended this week is AB 67x (Cardoza), which now makes it a felony
for a corporation that sells electricity or natural gas at unjust or
unreasonable rates. Sponsored by Lt. Governor Bustamante, the measure
establishes stiff fines and possible jail time, that could be subject to the
state's "three strikes" law.  AB 67x has already generated opposition from
Republicans and constitutional questions from legal experts.   Although
Cardoza noted that several aspects of the bill are unresolved and could
change, the intent will remain the same, and he insists that energy
companies that take advantage of Californians will still face significant
penalties.

-- SB 6x, (Burton), which establishes a State Power Authority, passed the
Assembly this week by a 48 to 28 vote.  The measure needs the Senate to
concur on the Assembly amendments before it heads to the Governor's desk.

-- Attached are the most recent legislative tracking reports for both the
special and regular sessions.  Please call if you need copies of any of the
bills.

UPCOMING EVENTS

MONDAY, April 30th
Senate Appropriations Committee
SB 1x (Soto) - excess profits tax
SB 30x (Brulte) - local government incentives

Assembly Energy Costs and Availability Subcommittee on Natural Gas Costs and
Availability
Informational Hearing

TUESDAY, May 1st
Senate Energy Committee
AB 60x (Hertzberg) - California First

MONDAY, May 7th
Senate Appropriations Committee
SB 64x (Costa) - biomass incentive

ON THE SENATE FLOOR
SB 28x (Sher) - siting proposals
SB 6x (Burton)  - State Power Authority

--end--

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net

 - 2001 Tracking Report.doc
 - 2001 Tracking Report.special session.doc


Attached please find the invitation for the Las Vegas Offsite to be held at
the Venetian from December 13-16, 2000.   Please go online and fill out the
information to confirm your attendance.

Please note:  Travel must be made through this attached invitation.


----- Forwarded by Sara Shackleton/HOU/ECT on 12/20/2000 01:58 PM -----

	Tanya Rohauer
	10/26/2000 02:43 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Clint Freeland/Corp/Enron@Enron, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 Subject: Re: Enron Corp. ISDA master agreements

The only change from our previous conversation is the addition of a bilateral
additional event of default tied to a debt rating (below BBB-) of the
counterparty or the guarantor if applicable.

Guarantors:
1. Lehman Brothers Holdings Inc.
2. not required; entity rated AA
3. not requried; entity rated AA
4. Bear Stearns Cos. Inc.
5. Morgan Stanley Dean Witter & Co.
6. not required; entity rated AA

Please call if you have any questions.

Thanks,
Tanya

From: Sara Shackleton on 10/26/2000 01:25 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc: Clint Freeland/Corp/Enron@Enron, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT
Subject: Enron Corp. ISDA master agreements

Tanya:  Based upon our earlier conversation, I will begin preparing masters
for the following parties with (1) no CSA, (2) bilateral cross-default at
US$100 million and (3) uncapped (or min US$100 million cap) guaranties for
counterparties required to post guaranties.  The parties on Clint's list are:

(1)  Lehman Brothers Finance S.A. [have form of master and a form of guaranty
from Lehman Brothers Holdings Inc.] - Stephanie Panus

(2)  Credit Suisse First Boston International [no form of master]

(3)  Deutsche Bank AG [have a form of master from ENA negotiations]

(4)  Bear Stearns International Limited [no form of master] - Samantha Boyd

(5)  Morgan Stanley Capital Services Inc. [may develop form from ENA
negotiations]

(6)  Credit Agricole Indosuez S.A.

Tanya:  Please let me know if any of the foregoing require parent guaranties.

Clint:  Please identify the lawyer to whom I should address comments.  Also,
are there any others?  ENE has an agreement with Toronto Dominion, NY Branch.

Samantha:  Please assign Credit Suisse and Deutsche Bank and let me know who
is handling.


Tana,

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

EOL #1207089
Enron Deal #V76777.1

Thanks,
Joe

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

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

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


Find these stories and more at
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- Rafe Needleman, rafe-needleman@redherring.com
  Editor, http://www.redherring.com

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Thanks

 -----Original Message-----
From: 	Trevino, Susan
Sent:	Wednesday, January 09, 2002 4:37 PM
To:	Johnson, Cheryl; Hare, Bill D.; Otegbola, Remi; Rodriguez, Bernice
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie; Keiser, Kam
Subject:	RE: Book request #B-JAN09-3-ST-7

Kam - Cheryl was able to use the short-name "PERFORMANCE".  Please disregard my e-mail.  I will notify you when they're set up in ERMS.

ST

 -----Original Message-----
From: 	Johnson, Cheryl
Sent:	Wednesday, January 09, 2002 4:32 PM
To:	Trevino, Susan; Hare, Bill D.; Otegbola, Remi; Rodriguez, Bernice
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie
Subject:	RE: Book request #B-JAN09-3-ST-7

The books have been created in GCP per your request.

CP ID 27914	PERFORMANCE
CP ID 166951	IM-PERFORMANCE
CP ID 166953	FT-PERFORMANCE

Let us know if you require anything further.

Cheryl x33103
 -----Original Message-----
From: 	Trevino, Susan
Sent:	Wednesday, January 09, 2002 3:56 PM
To:	Hare, Bill D.; Johnson, Cheryl; Otegbola, Remi; Rodriguez, Bernice
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie
Subject:	Book request #B-JAN09-3-ST-7

Please set up the books on the attached book request form and notify me when complete.  Contact me if you have any questions.

Thanks,
Susan
x3-1462

 << File: B-JAN09-3-ST-7.xls >>


Attached is the draft instructions to outside counsel to provide advice in
respect to the introduction of EnronOnline to Australia. Although I have
provided it to keep you appraised of what we are doing I appreciate any
comments you may have. Particularly the scope of issues covered.


John:
The changes I suggested on the watercraft wording are still being reviewed
for completeness. I think what I gave you will work for most situations where
the watercraft is incidental to the work or is far removed from our being
involved [contractor to sub to sub contractor] but it does not address every
situation that we could be involved in. We may need to expand our wording
accordingly.

Likewise, your question on giving to the turbine venders the waiver of
subrogation and additional insured is an even bigger concern. You are asking
us to obligate ourselves in providing waiver and additional insured status to
GE which we cannot do.   As you know, we went many years with providing
turbine venders protection under the insurance because the market was soft
and underwriters agreed to it. Now they balk at giving it because of the
losses they have incurred and we cannot predict what they will agree to. It
does not matter if the machines are proto-type or not, there is a good chance
right now that they will not agree to insuring the vender. Everyone says it
only takes money and in many cases we could probably include venders on the
insurance but I cannot recommend committing to it in a long term contract )
we have to arrange the insurance at the time we need it in order to determine
if it is available.

If you need to have some language in the agreement, I would recommend that we
not give the waive and additional insured to GE or any vender. When we need
the insurance and begin placing it, we can then determine if the underwriter
will cover the vender and ask for a price reduction from GE to move their
risk to the underwriter.

I am sorry I cannot make this easier but that is the nature of the insurance
beast.
Paul


Attached for your review is a memo from Michelle and Kriste regarding the
above referenced.

memo

Assignment Letter