Here is my cut at it.  We may want to re-arrange
 -----Original Message-----
From: 	Oxley, David
Sent:	Monday, October 29, 2001 2:45 PM
To:	Olson, Cindy; Corteselli, Gina; Inglis, Elspeth
Cc:	Jones, Robert W.- HR Exec; Cash, Michelle; Joyce, Mary
Subject:	Draft ENE OTC Memo Re. y/e PRC

Spoke with Delainey this morning he suggested I draft below and send to him and Greg. Can you help critique (in particular I think this is too detailed);

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

To: All ENE employees (bar EEL)
From : ENE OTC
Re: Year-end Performance Evaluations, Promotion Nominations, PRC Meetings and Annual Bonus process.

Many of you have asked for clarification on upcoming  changes to the PRC which were announced as a result of the  Lay-it-on-the-Line survey.  We have outlined the process and changes below to provide you with a clearer picture of how it will be administered for year-end 2001.  Additional communications will follow from each of your BU OTC's or Functional leads regarding the specific details the process as it affects each BU and Functional area.

Feedback and Performance Evaluations
The ENE OTC believes strongly that all employees should receive a written evaluation summarizing their achievements over the last 6 months and illustrating successes and constructive areas for development and opportunity. We do not intend for the written evaluation to replace the critical day-to-day communication, coaching and feedback that we expect supervisors to provide to all employees throughout the year.  Our 360 feedback process will be administered as follows:

 Summary of Process	 Timeframe	 Applicable to	 Notable changes from the past
360 degree feedback via PEP System 	System open 9 November through 30 November 	ALL full time/part time/reduced hours employees who joined Enron prior to 1 October 2001	None
Managers collate feedback for final written performance evaluation- balancing their views with the data received in feedback   	Final evaluations due no later than 31 January 2002
Final evaluation should contain any appropriate objectives for the next 6 months

Employee training on the PEP system and application will be available from 5-9 November.  Please contact XXX (Elspeth - who do we use as a POC? - GUS?)  to register.

PRC Meetings and Promotion nominations
The Lay-it-on-the-Line survey memo outlined our desire to make some changes and refinements to the PRC process. Enron management strongly believes  in the value of regular discussions about our talent.  As a management team we need to review and identify what performance and skills are currently valuable at Enron, and, on a relative basis, where they are being demonstrated most.  Likewise we need to discuss deployment of our talent and identify who among our employees may be ready to assume a greater role in the organization.  Equally important is the identification of  areas where overall performance may be lacking. Continuing the PRC process is core to our desire to maintain a meritocractic culture and to identify new opportunities for employees.
In this regard, and particularly in light of significant business matters we must attend to in the coming months the ENE OTC has directed Business Units and Functional areas to undertake a very limited number of PRC discussions. initial discussions with senior management indicated  a reduction to no more than  22 meetings in total, down from over 200 at the mid year 2001.
The refined PRC process will focus on the following:

Summary of Process 	Timeframe	Applicable to	Notable changes from the past
Each BU or Functional area will  conduct one discussion to identify its top and bottom 10% of employees 	28 November - 14 December 	Managers and above and all Analysts and Associates 	No preferred distribution
Criteria for discussions are: --Leadership potential  --Teamwork --Enron intrinsic skills    and qualities --BU/Functional area   specific measures	VP/MD discussions occur in mid-December	All other employees are not required to be discussed in this forum	Process not linked to employee feedback - no label attached to final written evaluation
Promotion nominations  to Senior Director decided by each BU/Functional area		Promotion recommendations for all other employees by supervisor to BU OTC or Functional lead	No longer primary driver of bonus process
Results of meetings reviewed with the ENE OTC			Purpose of meetings is to identify promotion candidates; leadership potential, deployment of talent within BU's and Functional areas
Management Committee will convene to discuss VP/MD  candidates for Promotion submitted from each BU or Functional area			No cross calibration of employees at the Manager-Sr. Director level outside of their BU's or Functional areas.  VP/MD's will be cross calibrated across the company.
			No prescribed outcome on top and bottom 10%

Annual Incentive Plan and Equity Award process


Energy Committee Representatives...please read the following as it may be
something we would like to influence.

-----Original Message-----
From: Elizabeth Treanor [mailto:etreanor@orc-sac.com]
Sent: Thursday, April 12, 2001 2:52 PM
To: Elizabeth Treanor
Subject: PUC Seeks ORC Help-Rolling Blackouts in California
Importance: High

April 12, 2001

To:        ORC Western Occupational Safety and Health Group

From:    Elizabeth A. Treanor

Subject:    Consultants on Power Outages

This is a little out of our realm, but ORC received a call from a
strategic planner with the Public Utilities Commission, who
informed us that because of the energy shortage in California,
there will be rolling blackouts this summer.  The PUC is looking
for consultants who can provide information in the following
areas:

1.    Impact of power outages on chemical processes
2.      Impact of power outages on biomedical processes.

3.    Impact of power outages at public events (and who
understands current regulations with regard to ballparks).

The PUC is seeking to bypass the state contracting procedures and
finalize contracts within the next few weeks.  They asked ORC for
names of consultants with expertise in the above areas.  When ORC
volunteered that power outages can have a significant impact on
manufacturing operations as well, they thanked us for sharing but
they are interested in direct impacts on health or safety.

If you have any suggestions for the PUC, please provide them to
me ASAP; the PUC requested a response by April 16, 2001.

Thank you.

--
Elizabeth A. Treanor <etreanor@orc-sac.com>
ORC Inc.  <http://www.orc-sac.com>
400 Capitol Mall, Ste. 1545
Sacramento, CA   95814
(916) 447-3102
(916) 447-3127 FAX


I think you should be there, so it can wait until later in the week.  Other priorities obviously govern.  Thanks.  Michelle

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Monday, October 29, 2001 12:49 PM
To:	Mayes, Fran
Cc:	Cash, Michelle
Subject:	RE: any updates?

Here is the revised review (password - oberon).  I have meetings scheduled for the afternoon and am not sure I will be able to get out of them at any particular time.  Does it make sense to give her the review without me being there and meet later or not?
 << File: NELSON CHERYL - revised2 - clean.doc >>

 -----Original Message-----
From: 	Mayes, Fran
Sent:	Monday, October 29, 2001 10:07 AM
To:	Taylor, Mark E (Legal); Cash, Michelle
Subject:	FW: any updates?

	FYI

 -----Original Message-----
From: 	Mayes, Fran
Sent:	Monday, October 29, 2001 10:06 AM
To:	Nelson, Cheryl
Subject:	RE: any updates?

	Yes, I spoke with Mark on last Thursday and the revisions are complete.  He will let me know today when the
	three of us can meet to discuss.

	Fran

 -----Original Message-----
From: 	Nelson, Cheryl
Sent:	Monday, October 29, 2001 10:03 AM
To:	Mayes, Fran
Subject:	any updates?

Hey Fran, I am just following up from our meeting the week before last.  Were we able to make any progress since then getting any revisions?


Congrats!  I sent this on to the lawyer for Global Finance (TurboPark team),
also, as part of SOP.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/29/2001 08:11
AM ---------------------------
From: Herman Manis/ENRON@enronXgate on 05/29/2001 07:59 AM
To: Greg Krause/ENRON@enronXgate
cc: Kay Mann/Corp/Enron@Enron

Subject: RE: Proposed letter to FPL for further project development work for
a project in florida

Fits the bill.

 -----Original Message-----
From:  Krause, Greg
Sent: Friday, May 25, 2001 1:06 PM
To: Manis, Herman
Cc: Mann, Kay
Subject: Proposed letter to FPL for further project development work for a
project in florida

Herman,

please see attached for your comments and approval.  Does this fit the bill?

 << File: FPL Construction Letter Agreement - Midway Phase 1-a.doc >>


Here is the rest of the information to fill in the below blanks:

a)  Gas prices at TCO's pool for spot gas trades for April 22, 2002 were $3.545 per Dth ---  the midpoint of Gas Daily's Columbia Appalachia price posting.

b)  ENA did receive various letters from TCO addressing Section 9.5(c) notifications.  The first notice was dated November 28, 2002.  The other two letters memorialized conversations regarding ENA's creditworthiness.  I can fax these to you.

c)  EES appears to not have received letters regarding creditworthiness, or at least I can not find any correspondence.  Apparently, phone conversations did occur that related to the fact that if EES pays their bills that TCO would continue to allow them to do business.  EES has paid their post-petition invoices, with one exception, a billing dispute of $1000 to $1500 that was related to nominating on a contract that had been recalled by the releasing shipper without notice to EES.

d)  Due to the uncertainty of whether TCO was going to allow EES to use the capacity,  EES did not use their capacity in December.  EES did pay the invoice, however, as is noted on Exhibit H.

e)  For providing adequate assurances of performance,  EES did not have to put up anything special, like a guaranty or a letter of credit.  TCO has been requiring that EES maintain a minimum volume balance on EES's OBA, Operational Balancing Agreement, for their pool.  TCO has indicated that 71,766 Dth should be the minimum OBA balance for April 2002.  EES's OBA balance as of April 21, 2002 is 36,647 Dth.  Based on current forecasts, EES's ending OBA balance will be 46,876 Dth, so EES will have to go out and purchase additional supplies to maintain TCO's April 2002 minimum balance of  71,766 Dth.  This is the only thing that is happening that can be deemed a "frozen parking balance".

f)  We can not find the misplaced invoice that would nail down how much gas may be due ENA in Item #8.  Just go with at least 62,000 Dth.

g)  EES has not really been harmed in that they have been prevented in making sales.  Maintaining the minimum OBA balance has just increased their operating costs.

h)  On Ed's affidavit, the above changes need to be made.  Also please decide whether, the letters that I am faxing you really over-ride many of the notification arguments that you are trying to make.

Ruth

---Original Message-----
From: 	Concannon, Ruth
Sent:	Sunday, April 21, 2002 7:20 PM
To:	'mark.ellenberg@cwt.com'; 'edward.smith@cwt.com'
Cc:	McMichael Jr., Ed; Mann, Kay; Germany, Chris
Subject:	High Level Comments to Columbia Gas Round II Motion

I recommend that your draft response and Ed's affidavit be revised.  There are many inaccuracies in TCO's Round II Motion.  Here are my high level comments for:

TCO's Round II Motion

#1)  ENA's and EES's situation are completely different.

#2)  When TCO's Round I Motion was filed gas on TCO was supposedly trading at $2.285 per Dth on February 11, 2002.  Gas is now trading at around $3.60 - $3.70 per Dth.  This is not a typo.  Prices are up by over $1.30 per Dth since early February, but who knows how long they are going to stay there.  I will be able to get a better number on Monday morning.  By all these court delays, TCO has actually made us some money.

#3)  For the post-petition period, ENA has not been using its firm transportation contracts and has not paid TCO's invoices for PAL, FTS, OPT-60, or IGS (i.e. interruptible gathering service that is used to aggregate supply like the Dominion producers) -- See Exhibit C "ENA Chart".

#4)  ENA has two PALS agreements with stranded park balances (PAL K# 67401& PAL K# 70457); three temporary capacity release contracts that were acquired from several different parties (OPT-60 K# 71451 released from Commonwealth Atlantic Limited Partnership, FTS K# 70285 released from Columbia Energy Services Corporation & subsequently re-released back to New Power, FTS K# 70357 released from The New Power Company); one FTS agreement that originally was acquired from a third party (i.e. the marketing affiliate of TCO) and later converted over to ENA during the contract rollover process (FTS K# 70197); two FTS agreements that were acquired from TCO, the pipeline, through a capacity auction (FTS K# 67133 & FTS K# 67207); and one IGS agreement where additional commodity charges have been invoiced during the post-petition period -- Exhibit C.

#5)  Interestingly, Exhibit C does not show K# 71451, K# 70285 (demand & credit) are capacity relase deals acquired by ENA.  To the extent ENA does not pay, TCO should be billing the releasing shipper.  In fact, K# 71451 is the 40,000 Dth/d OPT-60 contract that has been referred to in the CALP, Commonwealth Atlantic Limited Partnership, Stipulation that Weil has already filed with the court.  The recall of this temporary capacity release contract occurred on March 20, 2002.  TCO should be billing CALP for both the pre-petition and the post-petition reservation charges not paid by ENA and the full charges from the effective date of the capacity recall.  By my count, those amounts are $131,063.20 pre-petition and $362,423.00 post-petition, or about 35% of TCO's pre-petition and post-petition claims -- ex. Paragraph 5, 8, 9...

#6) Paragraph 6 is misleading.  On November 30, 2001, ENA nominated a 10,000 Dth/d nomination for December 1st through 31st, or a total of 310,000 Dth, the entire balance of parked gas under PAL K# 67401.  This agreement was going to terminate on December 31, 2001 and ENA wanted to zero out the balance by the termination date.  TCO refused to accept the nominations so the ratable gas deliveries of 10,000 Dth/day for 31 days were not scheduled into ENA pooling account with TCO and could not be sold in the December 2001 spot gas market.  Interestingly, TCO continued to invoice ENA for the PAL charges even though TCO was holding our gas -- ex. Exhibit C.

#7)  ENA also tried to nominate a portion of the parked gas, 10,000 Dth/day, on January 2nd for Gas Day January 3rd deliveries.  Once again TCO did not accept ENA's nomination and no parked gas was scheduled for January 3rd.  The end result was that the parked gas could not be used as a source of gas supply to perform under an existing sales agreement with Columbia of Ohio, one of the many sales agreements in ENA's portfolio of contracts.

#8)  ENA continues to be invoiced commodity charges under the IGS agreement for the post-petition period.  This leads to the question, what has TCO done with ENA's gas that the small producers have been delivering into ENA's IGS agreement and why have we not seen any accounting of these volumes?  I am missing one month's invoice but I am guessing that the volumes should be around 62,000 to 77,000 Dth.  I will have to get this nailed down Monday morning.  Also, volumes that are non-gathered are aggregated separately.  TCO would have to provide this volume information.

#9)  For the post-petition period, EES has been using its FTS, SST, SIT and IGS contracts in order to continue to serve its markets.  EES has been paying the pipeline, either monthly or on a pre-pay basis  --  See Exhibit H "EES Chart"

#10)  I doubt the pipeline allowed EES to continue to do business without providing adequate assurances of performances -- ex. Paragraph 11, 21...  I will have to check on Monday what exactly was done.

#11)  Since EES has been using their capacity and paying their bills during the post-petition period, I do not understand how TCO can both accept nominations for EES's pool gas and freeze the pool balance simultaneously -- ex. Paragraph 12...  I will have to get more info from EES on Monday.

#12)  Value of pool gas should be at current conditions -- ex. Paragraph 13...  Exact opposite of the pricing support to the argument in Paragraph 21 has actually occurred.

#13)  Exhibit H shows the supposed $2,104,463.31 revenue that will be lost by TCO as a result of EES breaching its contracts.  Contract breach?  Once again, EES continues to use and pay the invoices for its contracts since the petition date.  Wouldn't it be likely for this situation to continue until the end of the terms of the agreements, or that these agreements could be assigned or released to another party if it is decided that EES terminates its retail sales off TCO -- ex. Paragraph 14...

ENA's & EES's Response to TCO Round II Motion

#1)  Assuming I am correct on the EES pooling, ENA's and EES's situation are completely different and in the majority of the cases should not be lumped together generically as Debtors or the estate.

#2)  Loans are made for a variety of reasons (e.g. imbalance management, TCO wanting to reduce its current line pack or inventory, etc.) -- Paragraph 6...

#3)  Once again, holding EES's pool gas does not make sense since EES appears to be all paid up.  I will get this confirmed Monday morning -- Paragragh 1, 2, 4, 7, 9, 10, 14, 15, 16, 17, 21...

#4)  For the first time that we can recall, TCO is also using Sec 9.7 of their tariff to also address the issue of storage customers who are outside the contractual limitations of their storage agreements.  Chris Germany just sent out a notice where TCO announced a gas sales auction to sell off a small volume of gas that fell in this category.  The volume was so small, it is hard to believe that TCO could even see it in their day-to-day operations.  My guess is they are trying to set a precedent to make a point -- Paragraph 26, 27, 28, 29, 30...

#5)  Notices to suspend performance on account of non-payment?  I do not know if written notices were sent to ENA.  I will have to check Legal's termination letter file on Monday morning.  For EES, since they are paying I don't know how they can be included in this argument.  Chris and Robin both talked with TCO when the nominations were not accepted.  Supposedly, TCO verbally stated that the need for payment assurances was the reason the parked gas was not scheduled -- Paragraph 37, 38, 39...

#6)  Paragraph 38 needs to be updated as described above in Item #6 and #7

Ed McMichael's Round II Affidavit

#1)  Paragraph 1, should you also include "EES"s"

#2)  Paragragh 4, see above information described in Item #6 and #7

#3)  Now that I have had a chance to read the Exhibits to Ed's Affidavit, Paragragh 5 as originally drafted looks fine.

#4)  Once again, I will get back to you on Paragraph 6

#5)  Once again, I will get back to you on Paragraph 9 and 11

Call me if there are any questions,

Ruth Concannon
Home:  (713) 266-8040
Work:   (713) 853-1667

P.S. I can't pick up any e-mail from home right now.


Please see forwarded attachments from Jeff Brown.

Thanks & Happy Holidays!!!!!!

gngr
---------------------- Forwarded by Ginger Dernehl/HOU/EES on 12/17/99 11:23
AM ---------------------------

Jeff Brown
12/17/99 10:23 AM
To: Ginger Dernehl/HOU/EES@EES
cc: Cynthia Sandherr/Corp/Enron@Enron, Mark Palmer/Corp/Enron@Enron, Gary
Foster/Corp/Enron@Enron, Richard Shapiro/HOU/EES@EES, Steven J
Kean/HOU/EES@EES, James D Steffes/HOU/EES@EES
Subject: CUBR/EEI Update

Ginger - Please forward to Rick's group.  Thanks - Jeff

The attached files include:  (1) a detailed schedule of activities over the
next six months  (2)  achievements to date and (3)  a directory of the
Advisory Committee.


fyi
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/18/2000
08:33 AM ---------------------------

Nancy Muchmore@ENRON_DEVELOPMENT
01/18/2000 07:09 AM
To: Peter E Weidler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

Here is a translation of the resolutions passed by EPCA which show who is
authorized to sign various types of documents:

Peter E Weidler
01/18/2000 06:40 AM
Sent by: Peter Weidler
To: Sara Shackleton/HOU/ECT@ECT, Nancy
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

Thanks - it is - now I need to figure out if I can sign for EPCA

Nancy - please let me know asap - who can sign for EPCA.

Pete

Sara Shackleton@ECT
01/17/2000 04:36 PM
To: Peter E Weidler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

I hope Bruce's explanation is sufficient!  Please call me if you have any
other questions.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/17/2000
04:34 PM ---------------------------

Bruce Harris@ENRON_DEVELOPMENT
01/17/2000 02:08 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Nancy Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Enron Pipeline Company - Argentina S.A. ("EPCA")

The purpose of the account is to buy 0.5% of TGS shares.  By buying those
shares, Enron will be able to utilize NOLs that are currently trapped in
CIESA, the parent company of TGS.  Jeff Kinneman's group will handle actual
market execution.  Glenn, please forward to Ted and Sara a  copy of the
signed DASH.

Regards,  Bruce

Sara Shackleton@ECT
01/17/2000 02:03 PM
To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Enron Pipeline Company - Argentina S.A. ("EPCA")

Would someone please provide me with an explanation of the purpose of this
account.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/17/2000
02:02 PM ---------------------------

Susan Bailey
01/17/2000 01:11 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Enron Pipeline Company - Argentina S.A. ("EPCA")

Sara,

Ted Murphy has executed the documents relating to the opening of a brokerage
account for EPCA @ Morgan Stanley.  Ted has asked that you send him an e:mail
message as to the purpose of the EPCA brokerage account.

Thanks.


Please set up a conference call with Linda Green, me, and Shelia Tweed for
early next week. Linda Green may not know about why we are calling--- we have
a potential search in Portland for a Power Plant development atty.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 12/03/99
11:34 AM ---------------------------

Sheila Tweed
11/22/99 03:42 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Headhunter

Would you have time to contact Linda Green or do you want me to do it?
---------------------- Forwarded by Sheila Tweed/HOU/ECT on 11/22/99 03:41 PM
---------------------------

Karen E Jones
11/22/99 12:59 PM
To: Sheila Tweed/HOU/ECT@ECT
cc:
Subject: Headhunter

Hi Sheila.  For a headhunter in the NW, I'd suggest Linda Green.  Perkins
Coie uses her, as do (it turns out) PGE and ECI.  She also does work for
Intel.  Here is her information:

 Green and Associates
 2701 NW Vaughn Street, Suite 450
 Portland, OR   97210

 (503)224-9601

Hope this is helpful.  Did you get my message about Andy Wu?


I spoke to Peter Keohane while you were gone about that Canadian interest
change question we asked him.  You'll see, he sent us both a fax with
proposed changes to that section.

When you have a minute, let's chat about what Peter told me.  It wasn't a
clear answer of what to do, so we need to decide which way we want to go on
this.


-----Original Message-----
From: 	Gadd, Eric
Sent:	Monday, October 08, 2001 6:16 PM
To:	McCarty, Danny; Geaccone, Tracy
Subject:	RE: 2002 Plan

Danny, Tracy,

Please see revised slides.  Steve is talking about TransPecos, so I didn't include in my bit.

 -----Original Message-----
From: 	McCarty, Danny
Sent:	Monday, October 08, 2001 7:37 AM
To:	Gadd, Eric
Subject:	RE: 2002 Plan

Eric,
     I think that TransPecos needs to show up here too.
Dan

 -----Original Message-----
From: 	Gadd, Eric
Sent:	Friday, October 05, 2001 4:14 PM
To:	McCarty, Danny
Cc:	Geaccone, Tracy
Subject:	2002 Plan

Danny,

Please see the attached slides an Asset Dev.  Steve Dowd pulled the earlier slides that were included for Corp Dev. Let me know if you would like to make any modifications.  Tracey is working to a Monday deadline for Stan's book.

 << File: Budget Meeting 092401.ppt >>


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/02/2000 03:13
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           10/02/2000 03:12 PM

To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Booth.Chris@enron.com@ENRON_DEVELOPMENT, Ben
Jacoby/HOU/ECT@ECT@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: LM6K Change Order #2

I suggest the changes as shown on the attached.

Chris is researching a drawing number so that we have them committed to a
certain specification.

I've added the concept of a date certain for the delivery.  I'm referring to
these as "Equipment" and part of the "Units" so it is clear that the
warranties apply.

Is there any change to the sound guaranty level (or other guarantees) for the
units utilizing these stacks?

Kay

To: Kay Mann/Corp/Enron@ENRON
cc: Booth.Chris@enron.com, Ben Jacoby/HOU/ECT@ECT, Scott
Dieball/ENRON_DEVELOPMENT

Subject: LM6K Change Order #2

Kay:

Attached is Change Order #2 which has the changes Chris Booth made and a few
minor type type changes I made.  I don't know Chris Calger or his title, so
if you would like me to obtain his signature, please advise.

Kathy
x56400


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 06/29/2000
05:04 PM ---------------------------

Regina Blackshear@ENRON
06/20/2000 10:14 AM
To: vblack4538@aol.com, l_carter61@hotmail.com,
sonia_l_castorena@reliantenergy.com, Yolanda Clay<yoclay@flash.net>,
Amber.Ebow@enron.com, Loneta Edison<Loneta.Edison@wcom.com>, Tammy Green
<tcgreen@flash.net>, GRHRDH@aol.com, "R Jordan"<rhondamjordan@hotmail.com>,
rosemary.a.reynolds@usa.xerox.com, "WhiteBL(Barbara)"<BLWhite@equiva.com>,
Angela Barnett/HOU/ECT@ECT, Shirlet Williams/HOU/EES@EES, Amber
Limas/HOU/EES@EES, Judy Hernandez/HOU/ECT@ECT, Tharsilla
Broussard/HR/Corp/Enron@ENRON, Eve Puckett/Corp/Enron@ENRON
cc:
Subject: Fwd: FW: forgive them!

> One night in a church service a young woman felt the tug of God at
> > her heart.
> >  She responded to God's call and accepted Jesus as her Lord and
> >  Savior.
> The
> > young woman had a very rough past, involving alcohol, drugs, and
> > prostitution. But, the change in her was evident. As time went on
> > she
> became
> >
> > a faithful member of the church.  She eventually became involved in
> > the ministry, teaching young children. It was not very long until
> > this
> faithful
> > young woman had caught the eye and heart of the pastor's son. The
> > relationship grew and they began to make wedding plans.  This is
> > when the problems began. You see, about one half of the church did
> > not think that a woman with a past such as hers was suitable for a
> > pastor's son.The church began to argue and fight about the matter.
> > So they decided to have a meeting. As the people made their
> > arguments and tensions increased, the meeting was getting completely
> > out of hand. The young woman became very upset about
> all
> > the things being brought up about her past.  As she began to cry the
> > pastor's son stood to speak. He could not bear the pain it was
> > causing his wife to be. He began to speak and his statement was
> > this:
> >
> > " My fianc,'s past is not what is on trial here. What you are
> > questioning
> is
> >
> > the ability of the blood of Jesus to wash away sin. Today you have
> > put the blood of Jesus on trial. So, does it wash away sin or not?"
> > The whole
> church
> >
> > began to weep as they realized that they had been slandering the
> > blood of the Lord Jesus Christ. Too often, even as Christians, we
> > bring up the past and use it as a weapon against our brothers and
> > sisters.  Forgiveness is a
> very
> > foundational part of the Gospel of the Lord Jesus Christ. If the
> > blood of Jesus does not cleanse the other person completely then it
> > cannot cleanse
> us
> >
> > completely.  If that is the case, then we are all in a lot of
> > trouble.
> >
> > What can wash away my sins, nothing but the blood of Jesus....end of
> case!!!
> >
> > Pass this on to everyone that you truly care for. We all need this
> > message....  God Forgives.. So Should We.
>

--0-1649760492-961347057=:3318--


Tana:  attached are the L/C provisions for the Deutsche Bank Master.  Would
you please verify that the provisions are in fact our language?  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/15/2000 04:10 PM -----

	kelly.habenicht@db.com
	09/15/2000 11:19 AM

		 To: sara.shackleton@enron.com
		 cc: marcus.tarkington@db.com
		 Subject: Letter of Credit Provisions

Per Steve Kessler's request, attached please find Exhibit A to Paragraph 13
of Annex A:  Letter of Credit Provisions.  Please let me know if I can be of
further assistance.

Regards,
Kelly

(See attached file: Exhibit A.doc)

 - Exhibit A.doc


New McDermott, Will & Emery "On the Subject..." Release

Attached please find a link to a new "On the Subject..." release now available
on the McDermott, Will & Emery website. This release discusses patenting
e-commerce business methods in the major countries abroad as well as in the
US.
The article was authored by Stephen Becker, who is a partner in the
Intellectual
Property Department in the firm's Washington, D.C. office.

http://www.mwe.com/news/ots1200a.htm

For more information regarding this subject, or if you would like a hard copy
of
this release please contact you regular McDermott, Will and Emery attorney, or
Stephen Becker at 202/756-8608 or sbecker@mwe.com.

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/


Ahmad,

Thank you for the email.  I enjoyed our visit very much.  I wanted to thank
you for taking the time especially during your weekend to spend time away
from your family.  I learned a lot during the trip and I believe in the
Dolphin project.  I also liked many other of the project Rick's team has put
together in the Middle East.

I promised you some of the speeches that I have delivered and attached below
are 3 different ones that illustrate Enron's view of the future.

Thanks again.

Mike

Ahmad Al-Sayegh <asayegh@emirates.net.ae> on 11/08/2000 03:14:07 PM
To: mike.mcconnell@enron.com
cc:
Subject: visit to abudhabi

Dear Mike ,
Thank you for taking the time to visit with us in Abudhabi .  We? hope that
we can continue to?strengthen our relationship through  project Dolphin and
your visit reassured us of Enron's commitment.
Ahmed Al Sayegh


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/21/2000
05:46 PM ---------------------------

Stinson Gibner
12/21/2000 10:28 AM
To: John J Lavorato/Corp/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT
Subject: 2nd last day simulations

John,

In general, results are not too different from last day roll.    For "no
roll" and "roll same position" strategies, the 2nd last day seems to
outperform slightly more often.

Let me know if you would like to
1) look at quarter to quarter earning volatility of these strategies or
2) look at effect of incorporating some transaction costs for
rolling/liquidating positions.

--Stinson

Normal Roll No Roll  Fill Gap


NETWORK WORLD NEWSLETTER: JASON MESERVE
on SECURITY AND BUG PATCH ALERT
10/29/01 - Today's focus: Hanging Cisco firewalls

Dear Wincenty Kaminski,

In this issue:

* Hardware flaws reported in Cisco firewalls
* Patches and alerts for Linux-Mandrake and SuSE kernel, Red
  Hat print spooler, others
* The infamous Ethan Frome virus
* Tivoli aims to plug security holes, plus other interesting
  reading

_______________________________________________________________
This newsletter sponsored by Microsoft

GET AND STAY SECURE WITH MICROSOFT.

At Microsoft, our highest priority is the safety and security
of the Internet and your data. Our commitment to you is that we
will not rest until your business is secure.  Period. Call 1-
866-PC SAFETY for FREE Virus-Related IT Support.

Click here to learn more: http://nww1.com/go/3504898a.html
_______________________________________________________________
TIME IS MONEY
The adage is as true for teleworkers as it is for anyone else.
Check out our "Telework Top 10" series where we provide you
with a clear picture of the interrelated capabilities of
today's critical, must-have technologies, and how your adoption
of those technologies can help or hurt your bottom line.
http://nww1.com/go/ad168.html

_______________________________________________________________
Today's focus: Hanging Cisco firewalls

By Jason Meserve

Today's bug patches and security alerts:

* Hardware flaws hang some Cisco firewalls

Hardware flaws in some Cisco firewalls for corporate central
and branch offices have caused the systems to hang or shut
themselves down and forced Cisco to replace the affected boxes.
Some Cisco Pix 515, 515-DC and 506 Firewalls have suffered
system hangs when traffic on the network becomes too heavy,
requiring IS staff to manually restart the firewall, Cisco
reported in an Oct. 18 field notice on its Web site.
http://www.nwfusion.com/news/2001/1029cisfire.html
IDG News Service, 10/29/01

* Linux-Mandrake releases new version of kernel 2.2

A flaw in the ptrace module of the Linux kernel version 2.2
could lead to a local user gaining root privileges. The kernel
is also vulnerable to a symlink attack that could lead to a
denial of service. Linux-Mandrake users should download this
kernel update:
http://www.linux-mandrake.com/en/security/2001/MDKSA-2001-082.php3

* SuSE patches kernel

SuSE's kernel suffers from the same ptrace root privileges and
symlink denial-of-service attack vulnerabilities as other Linux
flavors. Kernel versions 2.2 and 2.4 have been updated:
http://lists2.suse.com/archive/suse-security-announce/2001-Oct/0003.html

* New RWhois patch available

ARIN Engineering has released an updated version of its RWhois
code to fix a recently discovered vulnerability. The patch can
be downloaded from:
ftp://ftp.arin.net/pub/rwhois/rwhoisd-1.5.7-1.tar.gz

* Red Hat patches print spool

According to a Red Hat alert, when used in a spooling
environment, it is inappropriate to allow programs to read
arbitrary files as a result of print requests. Ghostscript, a
postscript interpreter, can read arbitrary system files with
the same permissions as the print spooler, potentially exposing
the system to an information compromise. For more and links to
the appropriate patch, go to:
http://www.redhat.com/support/errata/RHSA-2001-112.html

Today's roundup of virus alerts:

* W32/Antset - This Windows virus comes as an attachment called
"ants3set.exe" in a message titled "ANTS Version 3.0." It
spreads by sending itself to everyone listed in an Outlook
address book as well as by searching Web-related files for e-
mail addresses. The virus uses the infected user's SMTP server
as well as a number of hard-coded servers. (Panda Software,
Computer Associates, Sophos)

Troj/Septer - This is the Trojan Horse program that pretends to
be a Red Cross donation system. It steals credit card data and
other personal information. (Sophos)

I-Worm/Redesi.A - A worm that displays a dialog box on the
infected machine's screen and e-mails itself out to everyone in
the computer's address book. Its cousin, Redesi-B, also
modifies the autoexec.bat system to reformat the C: drive on
Nov. 11, 2001. (Panda Software)

W32/Toal@MM - An e-mail worm that spreads via an attachment
called "BINLADEN_BRASIL.EXE." It creates several files in the
Windows directory of the infected machine. No word on what
other damage it causes. (Panda Software)

Win32/Krn132 or Win32/Klez - A Windows virus that comes in a
randomly named e-mail with random attachment names from a list
of specific addresses. The worm spreads via e-mail and open
network shares. (Computer Associates, Sophos)

W98/Elkern - This virus is dropped by Win32/Klez (see above).
It only infects Windows 98 and ME machines. (Sophos)

WM97/Thus-FB - A Word macro virus that displays the following
message on the 12th of any month: "It's TOO much violence in
this world! Have MOT to stop it!" (Sophos)

WM97/Marker-JT - Another Word macro virus that has a 1-in-3
chance of changing a document's summary information so that the
title will read "Ethan Frome," the author will be listed as
"EW/KN/CB" and the keywords field will show up as "Ethan."
(Sophos)

>From the interesting reading department:

* Tivoli aims to plug security holes

IBM software subsidiary Tivoli Systems last week unveiled
products to automate user approval and authorization, and help
network managers find and plug security holes.
http://www.nwfusion.com/archive/2001/126817_10-29-2001.html
Network World, 10/29/01

* McAfee horns in on Norton antivirus turf

Network Associates' McAfee division next week will unveil an
updated version of its antivirus management console that now
exerts policy control over its main competitor, Symantec's
Norton AntiVirus.
http://www.nwfusion.com/archive/2001/126815_10-29-2001.html
Network World, 10/29/01

* President Bush signs antiterrorism bill

President George W. Bush Friday signed into law an
antiterrorism measure designed to heighten national security
and to temporarily give U.S. law enforcement officials and
investigators more provisions for tracking down and detaining
suspected terrorists.
http://www.nwfusion.com/news/2001/1026bushbill.html
IDG News Service, 10/26/01

* Archives online

Find out which virus changes a Word document's author
information to "Ethan Frome" in our online archives:
http://www.nwfusion.com/newsletters/bug/index.html

_______________________________________________________________
To contact Jason Meserve:

Jason Meserve is the Multimedia Editor of Network World
Fusion and writes about streaming media, search engines and
IP Multicast. Jason can be reached at mailto:jmeserve@nww.com.
_______________________________________________________________
Outsource your next IT project with Buy IT!  Thousands of
qualified vendors are listed in the directory and you choose
the one you want to work with.  Post a project, review
proposals, and get your project done right.  It's that easy!
http://www.nwfusion.newmediary.com/091201nwwbuyernwltr2
_______________________________________________________________
FEATURED READER RESOURCE

Network World Fusion's The Edge site

Network World Fusion's The Edge is a resource devoted to the
advances in service-provider networks that are shaking up the
old telecom order. In classic Network World fashion, we focus
on the hardware, software and services coming to market - but
this time from the vendors targeting legacy carriers, new
alternative local carriers, ISPs and application service
providers. http://www.nwfusion.com/edge/index.html
_______________________________________________________________
May We Send You a Free Print Subscription?
You've got the technology snapshot of your choice delivered
at your fingertips each day. Now, extend your knowledge by
receiving 51 FREE issues to our print publication. Apply
today at http://www.nwwsubscribe.com/nl
_______________________________________________________________
SUBSCRIPTION SERVICES

To subscribe or unsubscribe to any Network World e-mail
newsletters, go to:
http://www.nwwsubscribe.com/news/scripts/notprinteditnews.asp

To unsubscribe from promotional e-mail go to:
http://www.nwwsubscribe.com/ep

To change your e-mail address, go to:
http://www.nwwsubscribe.com/news/scripts/changeemail.asp

Subscription questions? Contact Customer Service by replying to
this message.

Have editorial comments? Write Jeff Caruso, Newsletter Editor,
at: mailto:jcaruso@nww.com

For advertising information, write Jamie Kalbach, Fusion Sales
Manager, at: mailto:jkalbach@nww.com

Copyright Network World, Inc., 2001

------------------------
This message was sent to:  vkamins@enron.com


Chris,

This is very well written and will serve the reader well. A few comments.

1. When I think about the taxonomy of the VaR models, I typically use the
classification based on 3 categories:

 a. variance/covariance  method
                b. historical simulation
                c. Monte Carlo simulation.

Delta approach is the way of representing a position in a nonlinear
instrument.

2. I would define Monte Carlo as an approach based on statistical simulation
of behavior of
all the market prices/rates, etc., and revaluation of the entire portfolio.
The revaluation may be based on an approximation (using Taylor's expansion)
that may
 involve delta, delta/gamma, delta/gamma/omega or may be exact (based on the
same
model that produces the mark-to-market portfolio valuations).

The main benefit of using the  MC simulation in the energy markets is the
ability to capture
the gapping behavior of the energy markets in a straightforward way. I would
emphasize that
there are attempts to incorporate jumps in the V/C model (I shall send you
the references
from home).

3. I would mention that historical simulation may break down in the markets
that are evolving
quickly (new instruments for which we have no comparable prices,
behavior of prices may change as markets mature or de-mature).

4. For bigger portfolios, virtually all methods require some level of
aggregation into
 atomic, elemental instruments to reduce the dimensionality of the problem.
This process may be a source of a big error.

5. The computational burden of MC can be reduced through clever preprocessing
of a portfolio that introduces no error. Many swaps with the same underlying
can be aggregated into one positions ( they are  portfolios of forwards and
they are linear
instruments).

Please, feel free to use any comment (or none).

Vince

"Chris Strickland" <chris@lacima.co.uk> on 08/28/2000 02:58:56 PM
Please respond to "Chris Strickland" <chris@lacima.co.uk>
To: <vince.j.kaminski@enron.com>
cc:
Subject: EPRM article

Dear Vince,
?
D you think you might be able to look at this in  the next day or so? Robin
is after something by the end of this  week.
?
Best regards.
?
Chris.
?
 - EPRM_01_VaR.doc


SK - I've printed this out & put in the folder w/ the others.  mm

Happy New Year to you and your family, Steve!  I hope you got something of a
break despite all the brushfires.

Please find attached the 2000 achievements that you asked for.  The only
thing I didn't put down is that I had a whole lot of fun doing all these
things!

Please let me know if you need any further details.

Best wishes.

Jackie


I wanted to reply, even though I have called recently.  Work has slowed down
a little bit, but will probably pick up in a week or two.  I have traded
calls with Kara the past two days, so I haven't talked to her in some time.
Anyway, I hope your figuring out where we should go for a trip this sping.
We will have to know whether Megan and I need to work on our golf games or
not.  We have been thinking maybe you guys are thinking about going to
Ireland or England to play some of the old courses of this world.  Or maybe
you have been thinking about going to Paris to visit the city of love.
Anyway, these are just some of the thinks we have been thinking about.  Talk
to you soon.
Love
Ben


Russell,

Let me know if you need any more info.  Please let me know status as soon as
possible.

Counterparty:  City of Holland, Michigan
Contact:  Bruce Van Farowe
Phone #: (616) 355-1204
Email:  vanfarow@hollandbpw.com

Thanks,

Kevin


I have little that Steve does not probably know by heart.  But a few comments
to Steve's point on siting new power plants.  I ASSUME "SENATE ENERGY
COMMITTEE" IS THE FEDERAL SENATE, NOT THE STATE SENATE.  I HAVE GEARED MY
SUGGESTIONS TO THINGS THE FEDS CAN OR SHOULD DO.:

THE PREAMBLE: The continuing lack of leadership by the Governor is causing
serious concern for anyone looking for a stable environment in which to make
the $billions in investments required for new power plants.  The desparate
search for blame placing (of exactly the guys that would make the
investment), the lawsuits, the simplistic, outright misrepresentations of
what happened and is happening, the threats of condemnation, etc. are doing a
good job of making the public very uneasy and effectively destroying the
"market" that resulted in the largest initiation of investment in power
plants in the state's history.  To the point, the debt lenders are getting
nervous; the equity providors are getting nervous.  (Duke:  "I would have
less third world risk developing a plant in Brazil...")  If the final result
of all of this is a public power agency that basically controls the grid and
the buying and selling of power, the cynic might observe that we will have
traded the accusations of greed of the present environment for a reversion to
the old environment of inefficiency and escalating rate bases.  In my
opinion, there is no way that the governor's present political initiatives
will result in the number of power plants that are necessary to cover the
demand.  He may be covering the near term price/supply issues with his CDWR
initiative (I note that it is winter time and power demand is down,
notwithstanding stage 3 alerts - wait until summer peak demands...), but
destroyed the desire of the long term risk takers to develop new plants in
this market.  If the politicians think the "state" can do the development, I
don't think so.  Think about it:  there just is not anyone in the IOUs or
CDWR or the Munis or any state agency that can make the decisions necessary
to make the investments required IN A TIMELY MANNER.    The public entities
do not even have the staffs to do the required work, much less the political
environment to get anything done, given the continued thirst for "doing
things right" vs "doing the right thing."  Maybe we will get back to long
term power purchase agreements for the development of new power plants.  I
point out that the Standard Offer contracts developed by the "State" and
entered into 15 - 20 YEARS AGO in a regulated environment by nearly 10,000 MW
of QFs are STILL OUT OF THE MONEY.  (Per SCE, since the PX began in 4/98,
only during August and December of last year were they in the money.  We
checked it out - they are right.  That is astounding.  And we want to go back
to that??)  Enron would be pleased to participate in long term PPAs,
especially since we are developing several sites, and can make money doing
that.  But if we want to be statesmen about this, we need must get a market
paradigm back.

THE SUGGESTIONS :

1. Federal Environmental issues:  There are 4 agencies in CA that get
involved in air issues:  US EPA, CEC, CARB, and the local AQMD.  Lot's of
rhetoric that each is just doing its own job, but the de facto result of that
many agencies looking at the inevitably overlapping issues is that the
requirements end up much tougher than they need to be.  Letting the state
deal with the last 3, and focusing on the US EPA because of where Steve will
be testifying, seems like the US EPA (probably through a change in law at the
Federal level) could do the following:

 a. Take a leadership position in rationalizing the rat warren of districts
and basins and ERC creation and transfer restrictions.  To our utter
amazement, every little district that we have gone into to develop power
plants have completely different rules and have required a completely
different approach re ERCs- SF Bay Area, South Coast, San Joaquin County,
Kern County, Placer, etc.  ERCs are the single biggest problem we have in
moving forward on the development of over 2000 MW of new plants we have on
the books.  I point out the ERC market in the east for SOX.  SOX ERCs
produced in Ohio can  be used in a new plant in Indiana.  This is not
technically crisp, but was a rational, political decision as part of the
Clean Air Act.  We need that same rationalization now in California.
Granted, CA and its politics was probably the genesis of the arbitrariness of
AQMD vs county boundaries vs basin boundaries, but if we can get the state to
the table to change this, the EPA will be involved.  Leadership by all is
necessary.  When 2.5 ppm new plants are being held up, the 100 ppm plants
will continue to be used to produce the power.  Do the math and tell me if
the pollution produced during the period of delay is worth the result.  Do it
again realizing that many of these 2.5 ppm plants will never be developed,
given the difficulty.

 b. Consider impact fees:  the concept of "pay to pollute."  In LA, there are
car pool requirements to reduce pollution.  If a company cannot or will not
carpool sufficiently, they can pay a fine that the district applies (I think)
to general programs, like electric water heaters vs gas, electric lawn mowers
vs gasoline, mass transit, etc.  Implement a similar program for power
plants. Work in concert with the local air district and the EPA to develop a
program that allows the developer to pay the market price for credits (FYI:
+$20 million for Pastoria) which the district uses to develop credits from
existing sources that have not yet been cleaned up  (see list 4 lines above,
and others.)  Necessity:  power plant proceeds while credits are being
develop.  If it takes 10 years to develop the credits, consider issues and
value of fact that the 2.5 ppm plant will eventually replace the 100 ppm
plants.

 c. Stop the crusade for ever lower BACT requirements that are based on vague
representations, inconclusive data and over zealous developer agreements.
Example:  Several years ago, Goalline Technologies developed SCONOX for NOX
reduction in a 25 MW unit in LA.  Good thing to do, but based primarily on
the results of that small unit and the salesmanship of Goalline's president,
we got ratcheted down on our 500 MW plant in Pittsburg to 2.5 ppm.  SCAQMD
calls to SCR vendors indicated "we can do that".  EPA jumped on board.
Guarantees from EPC contractors with LDs for nonperformance are different
than "we can do that" from an equipment supplier.  Now, EPA and others are
wanting 2 ppm, again based on vague data.  Sam even advises requests to
consider ~1 ppm.   (I point out that there are ZERO frame 7Fa units in
operation at these levels in California.)  GE has told us "absolutely not" to
a 2ppm guarantee.  However, I believe that requirements will in fact be
reduced again by EPA, just because they can.  Again, do the math on delaying
or stopping the development of, say, a 2.5 ppm plant (because EPA wants 2
ppm) in favor of the continued operation of a 100 ppm plant.  Hugely more
resultant pollution.

 d. Be open minded and proactive with developers' novel methods of creating
new sources of ERCs.  PG&E had a heck of a time creating ERCs for their Otay
Mesa 500 MW power plant in San Diego, ending up putting new engines in 4
harbor boats and +100 garbage trucks.  Enron has several similarly dificult
initiatives underway (Steve cannot tell anyone this, FYI only:  we are
looking at replacing engines in harbor boats in SF Bay, replacing engines in
"yard" locomotives in Sacramento and LA, replacing agricultural pumping
engines in the Central Valley, putting SCR technology in cement plants all
over CA.)  We could take years to get these programs approved as did PG&E, or
we can take several months, with EPAs (and others) leadership.

2. Federal Siting Issues:  California is at least attempting through
legislation to speed up the siting on new power plants.  Unfortunately, the
Federal agencies do not have the time line requirements to provide their
review on the speeded up schedules.  For example, a request of the Fish and
Wildlife Department for a review/permit gets put on the priority pile, first
come first serve:  shopping centers, housing developments, power plants,
power lines, etc.  I understand that our Pastoria project had 65 F&W
applications ahead of it when we applied.  And, there was no limitation on
how long they could take to get the review done.  I understand that one power
project has waited 2 years for its review.  The only way we got our permit
was Sam Wehn begged F&W to figure a way to get it done ahead of the 65 other
applications.  Fortunately, F&W figured that we could reapply under an EPA
rule in this specific case, which did have a timeline limitation.  We should
not have to rely on luck to get plants permitted.  Suggestion:  require the
federal agencies involved in power plant or transmission line permitting to
speed up their review/permitting times to be consistent with the state
initiatives to speed things up.

3. Market Issues:  I will not go into this in detail, as Steve is more able
than I to vocalize these issues.  However, from a power plant development
point of view, if we want the private sector to develop MERCHANT power
plants, and I believe we do because of the enormity of the investment
required, we must get back to a market structure.  As I am sure Steve
remembers, one of the big issues we all dealt with in "deregulation" was
stranded cost.  We can avoid those issues by getting the private sector to
make the investments.  Steve knows all the issues:  stability, liquidity,
credit worthy counterparties, lots of counterparties, etc.

	Elizabeth Linnell@ENRON
	01/26/2001 10:24 AM

		 To: Mary Schoen/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Margaret Carson/Corp/Enron@ENRON, seabron.adamson@frontier-economics.com,
Susan J Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/SFO/EES@EES, Steve Walton/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT,
mday@gmssr.com
		 cc: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 Subject: Urgent - Steve Kean to testify at Senate hearing, need info

Steve Kean will be testifying at the Senate Energy Committee's hearing on
Wednesday regarding California.  Steve and Jim Steffes asked me to contact
you for the following information.  I've listed specific requests for several
people, but am copying many more of you for your input as well.  Anything you
can provide by sometime on Monday will be appreciated!

Dave Parquet - Siting of new power plants in California.  Any insight you can
provide regarding the rules, the current climate, what would fix the current
situation, etc.

Richard Sanders - Steve thinks he might be asked about whether the market was
manipulated.  Please provide information on whether this was the case and who
the participants likely were.  What's the current climate regarding
sanctions, etc.?

Mary Schoen - Any information you can provide relating to air emission issues
in California, and specific details for our recommendations regarding air
emissions.

Steve Walton - The status on RTO West, Desert Star, Cal ISO and general
information on RO development.

Sue Mara - Specific ordering language requiring the utilities to buy only
from the PX.  Was it required through legislation or the CPUC, and what
exactly does it mean.  Who was involved in formulating the language?
Information on block forward markets.

Alan Comnes - A copy of the CDWR response and anything they might have
available regarding long term proposals from the government.

Dan Allegretti - We have the e-mail Jim sent regarding the UI deal.  Please
provide more specifics on the deal, and information regarding portfolio
management approach.

Thanks for your help!


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/10/2000
05:33 PM ---------------------------

"Btu" <subs@btu.net> on 11/10/2000 04:32:00 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg111300.pdf


What do you know about this company?

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


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0//EN"    "http://www.w3.org/TR/REC-html40/strict.dtd">

<TITLE>NYTimes HTML E-Mail</TITLE>

<FORM method="GET" action="http://query.nytimes.com/search/query">

Search NYTimes.com
<INPUT TYPE="text" SIZE="15"  name="query" MAXLENGTH="32">
<select name="date">
<option value="Today">Today's News <option value="site1week">Past Week <option value="past30days" selected="">Past 30 Days <option value="past90days">Past 90 Days <option value="past365days">Past Year <option value="Full">Since 1996 </select>
<input type="image" name="submit" value=" Search" src="http://graphics.nytimes.com/images/global/global_search/gs_submit.gif" width="18" height="19" border="0" alt="submit" align="top">

</FORM>

March 24, 2002

QUOTE OF THE DAY

"Because it's a family, Catholics around the country won't
give up on it very easily. There will be outrage and
embarrassment and anger, but the church is often referred
to as Holy Mother Church. And you might get angry with your
mother, but it's your mother."

R. SCOTT APPLEBY,director of the Cushwa Center for the Study of American
Catholicism at Notre Dame.

NATIONAL

U.S. Catholics, Sad and Angry, Still Keeping Faith

Interviews suggest that most American Catholics have no intention of leaving their religion because of the sexual abuse scandal, but many see a chance for change.

Robbers Rediscovering the Small-Town Bank

Bankers and law enforcement officers are trying to explain a recent rise in small town bank robberies.

Fires Force 1300 Evacuations in New Mexico

Wind-whipped grass fires pushed into residential areas Saturday, burning at least 30 homes and forcing more than 1,300 residents to evacuate.

MORE NATIONAL NEWS

Scottrade

$7 Trades, 148 offices, No Fee IRAs, #1 Broker

Click on button for more information!

INTERNATIONAL

A Secret Iran-Arafat Connection Is Seen Fueling the Mideast Fire

American and Israeli intelligence officials said Iran is sending heavy weapons and millions of dollars to Palestinians waging guerrilla war against Israel.

Cheney Is Poised for Arafat Talks at Sign From Zinni

With the vice president ready to meet Yasir Arafat if he calls a cease fire, President Bush has committed the White House to addressing Middle East violence.

Bush Vows to Help Peru Fight Rebels and Keep Andes Region Stable

In a joint news conference with the president of Peru on Saturday, President Bush pledged to help fight Marxist guerrillas on Peru's border with Colombia.

MORE INTERNATIONAL NEWS

BUSINESS

Volcker's Plan for Andersen Is a Long Shot

Paul A. Volcker's plan for Arthur Andersen is sure to meet a rapid death unless it serves to push both Andersen and the government from their positions.

Telecom, Tangled in Its Own Web

While all eyes remain on Enron, a tragedy of identical plot but with far more damaging implications is the story of the Telecommunications industry.

Primedia's Improbable Digital Dreams

Tom Rogers, Primedia's supremely self-confident chief executive and digital evangelist, continues to engage in the kind of robust digital rhetoric that has others cringing.

MORE BUSINESS NEWS

TECHNOLOGY

Telecom, Tangled in Its Own Web

While all eyes remain on Enron, a tragedy of identical plot but with far more damaging implications is the story of the Telecommunications industry.

Primedia's Improbable Digital Dreams

Tom Rogers, Primedia's supremely self-confident chief executive and digital evangelist, continues to engage in the kind of robust digital rhetoric that has others cringing.

Crime-Fighting by Computer Widens Scope

The same sort of statistician's dream used to build efficient crime-fighting is helping New York police silence dogs and loud parties.

MORE TECHNOLOGY NEWS

POLITICS

Bush Vows to Help Peru Fight Rebels and Keep Andes Region Stable

In a joint news conference with the president of Peru on Saturday, President Bush pledged to help fight Marxist guerrillas on Peru's border with Colombia.

A Company's Gain From Energy Report's Recommendation

The national energy report released in May 2001 embraced a reactor being developed by a company that has provided hundreds of thousands of dollars to Republicans.

Lockbox or Not, Social Security's Ills Grow

The budget surplus is gone. But the underlying economic and demographic problems that have cast doubt on Social Security's long-term financial soundness are unchanged.

MORE POLITICS NEWS

SPORTS

Sooners Reach Final Four

Although Missouri stayed close most of the way, the Sooners pulled away for an 81-75 victory.

Hoosiers' Game Plan Silences Kent State

Indiana shot in a breathtaking and aggressive style that crushed Kent State, 81-69, and pushed the Hoosiers into the Final Four.

UConn Warms Up, Then Takes Off

UConn played raggedly for long stretches, but managed to escape with an 82-64 win over Penn State to reach the Mideast Regional final.

MORE SPORTS NEWS

ARTS

The Country Music Country Radio Ignores

The roots-music soundtrack to "O Brother, Where Art Thou?" won album of the year at the Grammy Awards last month. Will country radio start playing traditional country music now?

Cassandra Wilson: A Jazz Diva Who's Losing Interest in Jazz

As Cassandra Wilson becomes a crossover artist, her work includes weak material that is unsuitable for, or unworthy of, her considerable talent.

When Oscar Is Bad, He's Very, Very

In recent years, the game of dissing the Academy Awards has grown less robust as opportunities for derision have dwindled.

MORE ARTS NEWS

NY REGION

Egan Letter Defends Record on Sex Abuse

Cardinal Edward Egan insisted Saturday that he properly handled allegations of sexual abuse by priests.

Crime-Fighting by Computer Widens Scope

The same sort of statistician's dream used to build efficient crime-fighting is helping New York police silence dogs and loud parties.

$1 Billion in Aid to Help Cover City for Ground Zero Liability

The Bush administration wants to provide up to $1 billion to shield New York City and scores of contractors against lawsuits stemming from the World Trade Center cleanup.

MORE NY REGION NEWS

OP-ED

The Vatican Rag

By MAUREEN DOWD

Pope John Paul II has never addressed all those Catholics whose lives have been badly wounded. The wound he cares about most is the wound to the church.

No Mere Terrorist

By THOMAS L. FRIEDMAN

A long-term strategic response to Sept. 11 should include an all-out global effort to make sure that all weapons of mass destruction are under tight control.

A Last Chance for Saddam Hussein

By IVO H. DAALDER and ELISA D. HARRIS

The administration's  drumbeat on inspections appears better calculated to build support for military action than to persuade Iraq to allow inspections.

MORE OP-ED  NEWS

Click Here to Receive 50% Off Home Delivery of The New York Times Newspaper.

About This E-Mail

You received these headlines because you requested The New York Times
Direct e-mail service. To sign up for other newsletters, cancel delivery,
change delivery options or your e-mail address, see
http://www.nytimes.com/email.
Check or un-check the headlines you would like to receive or cancel and
remember to go to the bottom of the page and click on "Save
Selections."  Suggestions and feedback are welcome at
feedback@nytimes.com.

Please include the following ID number when writing to
feedback@nytimes.com
so that we can track any reports of problems: 577749

How to Advertise

For information on advertising in e-mail newsletters or other advertising
opportunities with NYTimes.com, contact onlinesales@nytimes.com or
visit our online media kit.

Copyright 2002 The New York Times Company


All,

Here is the latest draft.  Please make any changes you want and return.
Paper mark up is best.  Also please leave as a separate word document if you
do it via email  for ease of changing and converting to email late afternoon.

Cathy, please review for your normal grammar and corrections.  I realize that
this is a draft but it will help to have your changes early even though we
will be making additional changes in the afternoon.

Larry, I would like your feedback and commentary as well.

Thanks,
mike


We need to let Melissa Solis know if you have any requirements (projector, laptop, video-taping) etc.

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


Guys, great job on this one.....

 2001 - should be a big year for Mexico:
   a) equity sell down of the Monterrey project;
   b) close and further sell down of the Tex Mex project; and
   c) 20% growth on risk mgt volumes and income from 2000 levels.

Thanks for the great work.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/01/2001
06:42 PM ---------------------------

Max Yzaguirre@ENRON
12/30/2000 03:04 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Monterrey Project -- Closing

Dave:

Attached FYI is the official word from the Lenders' counsel regarding our
financial closing.

Have a great New Year.

Best regards - Max

----- Forwarded by Max Yzaguirre/NA/Enron on 12/30/2000 03:03 PM -----

	"Edwards, Robert" <REdwards@hunton.com>
	12/29/2000 04:42 PM

		 To: "'Kerrigan, Brian'" <brian.kerrigan@enron.com>, "'Irvin, Steven'"
<sirvin@enron.com>, "'Marc.Sabine@enron.com'" <Marc.Sabine@enron.com>,
"'Garberding, Michael'" <michael.garberding@enron.com>, "'Banczak, Peggy'"
<peggy.banczak@enron.com>, "'Robert Stephens'" <rstephens@bracepatt.com>,
"'Nancy Jo Nelson'" <nnelson@bracepatt.com>, "'Eyvette Lopez'"
<elopez@bracepatt.com>, "'De Castro, Denis Roberto'" <DENISDC@iadb.org>,
"'Giovannelli, Giovanni'" <GIOVANNIG@iadb.org>,
"'jeffrey.wood@us.socgen.com'" <jeffrey.wood@us.socgen.com>,
"'pierre-antoine.barreault@us.socgen.com'"
<pierre-antoine.barreault@us.socgen.com>, "'Weizman, Leif'" <LEIFW@iadb.org>,
"'Robert.LASKY@us.socgen.com'" <Robert.LASKY@us.socgen.com>,
"'richard.l.buckwalter@db.com'" <richard.l.buckwalter@db.com>,
"'robert.f.frier@db.com'" <robert.f.frier@db.com>, "'janet.robinson@db.com'"
<janet.robinson@db.com>, "Buonanno, Joseph" <jbuonanno@hunton.com>,
"'gmunozre@banamex.com'" <gmunozre@banamex.com>, "'Michell Nader S.'"
<maq@jnnr.com.mx>, "'LABASTIDA M. Jorge A.'" <JLM@jnnr.com.mx>, "'DELGADO M.
Octavio'" <ODM@jnnr.com.mx>, "'max.yzaguirre@enron.com'"
<max.yzaguirre@enron.com>, "'Filippi, Robert'" <ROBERTFI@iadb.org>,
"'kevinc@iadb.org'" <kevinc@iadb.org>
		 cc: "Hugues-Velez, Margarita" <MHugues-Velez@hunton.com>, "Peterson, Bruce"
<BPeterson@hunton.com>, "Butler, Ellis" <EButler@hunton.com>, "Murray,
Andrew" <AMurray@hunton.com>, "Thomas, Amy" <AThomas@hunton.com>, "Davis,
William" <WDavis@hunton.com>, "Wood, Russell" <RWood@hunton.com>
		 Subject: Monterrey Project -- Closing

Enron has provided confirmation of the payments made to the Onshore and
Offshore Construction Contractors.  Signature pages in respect of the
documents to be executed for this Closing have been exchanged and released.

I am pleased to report that the Monterrey Project has achieved a successful
Closing on December 29, 2000.

Happy New Year!!!!

Rob Edwards


Hi all,

I just wanted to sum up our discussions from yesterday.

Enron Global Assets is considering using DealBench for hosting virtual datarooms for the divestiture of 32 international assets. The projected total number of documents will be in the region of 3500. DealBench has offered to host these datarooms at a cost of $25k per dataroom. This is on the basis that you are hosting all 32 datarooms, as we have worked some steep discounts into the pricing. The term of the dataroom hosting services under this offer is for the year 2001.

We have also offered to help with the transition of the data to the improved dataroom platform once that is in place sometime in Q2.

You have mentioned that a few documents that you intend to upload are bigger than 8MB. We have discussed that we can lift the current file size ceiling to greater than 8MB. I just want to make you aware that for users of the platform with slower connections it will be extremely time consuming to download these files. Even under ideal circumstances it will take al least 5 minutes for a 15MB file to download. For users with slower connections it will potentially seem like the download has failed, even though the download is still in progress. This could result in a lot of calls to you and our help-desk.

As I mentioned it might be of value to you to have professional assistance with the conversion of your paper documents to PDF. We are working together with a company in Houston that could help in the conversion process. From our experience file size and quality of scans are greatly improved by outsourcing this function. This is especially true if one is performing an OCR process on the TIFF files during conversion to PDF.

In the light of the urgency of your projects it might be a good idea to start the dataroom preparation process as soon as possible. May I ask why you suggested to wait until March to get back in contact with us ?

If you have any questions feel free to give me a call at 713-345-4147. We are very excited in helping you to deliver a world class solution.

Thanks

Tobias Munk


Just a note to say thanks for putting together the class reunion. We had a
great time. It was nice seeing you and your kids.


For sure.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


No, thank you! I've changed it to CAISO energy.

Kate

	From:  Sharen Cason                           02/13/2001 12:30 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: #517891

This deal has been changed to an SP delivery point, but still has firm energy.

Thanks!