Thanks for the report.  Just what I needed.

From:	PEGGY FOWLER/ENRON@enronxgate on 04/27/2001 05:16 PM
To:	Stanley Horton/Corp/Enron@Enron
cc:	Mary Trosper/ENRON@enronxgate

Subject:	Re: WEEKLY BUSINESS ACTIVITY UPDATES

For Portland General Electric, week of April 23, 2001
1)Announcement of termination of Enron and Sierra Pacific deal was uneventful,
and not surprising to employees and Portland Community.
2)Time was spent in addressing questions from data room in San Francisco.
3)FERC ordered the Cal ISO to file by 6/1/01, a RTO proposal with FERC. At the
same time FERC's approval of the effort by the 9 NW utilities (IOUs plus BPA)
to form RTO West was conditioned on making a 12/1/01 compliance filing that
addresses seams issues with California and Canada, and a timetable for
creating a West-wide RTO. Together, these orders should help prevent
California's efforts to balkanize their power system.
4)FERC's order on RTO West gave a boost to the inclusion within the RTO of the
independent-for-profit transmission company (TransConnect) proposed by 6 of
the 9 RTO utilities including PGE. Relying heavily on TransConnect's
independence, the Commission approved TransConnect's proposal to file for
innovative and incentive rates.
5)Wholesale sales continue strong in a robust market.
6)Thermal plants are in sequential annual  maintenance outages.
7)Hydro plants operations are reduced due to poor water condition in NW.
8)Contract negotiations continue with IBEW Local 125. Next meeting is
scheduled for May 7.
9)Customer Information System installation is approaching 75% completion,
being on schedule, and under budget.
10)Joint Meter Reading project is on target with 850,000 routes now merged
with NW Natural Gas.
11)SB 1149, Oregon's version of deregulation, is still uncertain in the
legislature. We are ready to implement on whatever timeframe is decided.
12)We plan to submit another fast track small microturbine generating plant
for RAROC next week.
13)Senator Gordon Smith reception held to keep contact on issues around price
caps, and there determental effect on energy markets and new generation.

>>> Horton, Stanley 04/23/01 02:57PM >>>
I would appreciate if each of you could provide a brief (one-page or less)
bullet point summary of the week's activity by close of business each Friday.
You can send either via e-mail or fax.

Jeff has his staff meetings on Monday mornings and it would help me keep him
abreast of key activities in your respective areas.

I don't need anything elaborate.

Thanks,
Stan


Devon changes effective Saturday 7/8/2000.

Bev
---------------------- Forwarded by Beverly Beaty/HOU/ECT on 07/06/2000 11:14
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Cynthia Cantrell" <Cynthia.Cantrell@dvn.com>
 07/06/2000 11:12 AM

To: <Beverly.beaty@enron.com>
cc:
Subject: Nomination Change on Tejas effective 7/8/00

Attached is a revised nomination at the Trevino Plant on Tejas to be
effective 7/8/00.  If you have questions, please call me at (405) 552-4611.

Cynthia Cantrell

 - EnronTrevinoPlt070800.xls


Gary,

Can you call me to discuss the panel quote for the Allen residence issued to Johnnie Brown?  In April you worked up a quote for $20,000.  The dimensions of the house have not changed.  The quote given last week was over $26,000.  Have raw materials and labor increased by over 25%?  I need help understanding this increase.

Phillip Allen
713-853-7041


---------------------- Forwarded by Susan M Scott/HOU/ECT on 03/27/2000 12:00
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Jennifer Bowles" <jkbowles@hotmail.com>
03/27/2000 11:24 AM

To: tgiddens@exchange.ml.com, bmoss@exchange.ml.com, Lisa.A.Meador@chase.com,
merharp@hotmail.com, sscott5@enron.com, Will_Nolen@enron.net,
Sbuck5151@aol.com, edrington@uthscsa.edu, emily.boon@msdw.com,
jcja@Dynegy.com, PsalmNo131@aol.com
cc:
Subject: Wisdom

Disclaimer:  I do not like forwards.

Grandma sent this to me today and I thought it was good advice for "us
kids"... have a great day.

Love,

Jen

>
>Wisdom:
>
>We convince ourselves that life will be better after we get married, have
>a
>baby, then another.  Then we are frustrated that the kids aren't old
>enough
>and we'll be more content when they are.  After that, we're frustrated
>that
>we have teenagers to deal with.  We will certainly be happy when they are
>out of that stage.  We tell ourselves that our life will be complete when
>our spouse gets his or her act together, when we get a nicer car, are
>able
>to go on a nice vacation, when we retire.
>
>The truth is, there's no better time to be happy than right now.  If not
>now, when? Your life will always be filled with challenges.  It's best to
>admit this to yourself and decide to be happy anyway.  One of my favorite
>quotes comes from Alfred D. Souza.  He said, "For a long time it had
>seemed
>to me that life was about to begin - real life. But there was always some
>obstacle in the way, something to be gotten through first, some
>unfinished
>business, time still to be served, or a debt to be paid.  Then life would
>begin.  At last it dawned on me that these obstacles WERE my "life."
>
>This perspective has helped me to see that there is no way to happiness.
>Happiness is the way.  So, treasure every moment that you have and
>treasure
>it more because you shared it with someone special, special enough to
>spend
>your time with...and remember that time waits for no one.
>
>So, stop waiting until you finish school, until you go back to school,
>until
>you lose ten pounds, until you gain ten pounds, until you have kids,
>until
>your kids leave the house, until you start work, until you retire, until
>you
>get married, until Friday night, until Sunday morning, until you get a
>new
>car or home, until your car or home is paid off, until Spring, until
>Summe
>until Fall, until Winter, until you are off welfare, until the first or
>fifteenth,
>until your song comes on to decide that there is no better time than
>right
>now to be happy.  Happiness is a journey, not a destination.
>
>(author unknown)
>
>
>______________________________________________________________________
>To unsubscribe, write to Temple_List-unsubscribe@listbot.com
>Start Your Own FREE Email List at http://www.listbot.com/links/joinlb

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com


I wanted to extend my thanks in advance to all of you who will join me in the
office on January 1, 2000.  I appreciate your willingness to devote part of
your holiday weekend to the continuing success story at Enron.

As a company, Enron has spent much time and effort to ensure that business
will continue smoothly as we move into the year 2000.  Ken Walther, in
working with many of you, has done an excellent job of preparing a work plan
for January 1.    Your  work on the first  will be the final step in this
process.  Your efforts that day will allow all ENA employees to return to the
office on January 4th with confidence in our ability to continue business as
usual.

I wish each one of you a happy new year.  I continually feel privileged to
work with this dedicated and talented group of  employees.  I look forward to
all that we will accomplish in 2000.


We both thank you

	From:  Jennifer Fraser                           10/17/2000 06:12 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: congrats

Dutch ( as you know ) is great.
I am very happy for him and you
JF


Spoke with Sheetal and she had a similar question.  We are putting our deals
in TDS.  We do not have paper tickets.  I understand there is a meeting
scheduled for the end of the week to discuss this issue.
PL


Start Date: 4/13/01; HourAhead hour: 11;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041311.txt
!!!General SQL error.
Couldn't update; currently locked by user 'Admin' on machine 'NAHOU-TRDTS3'.
Table

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

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:  12.00 / Final:  11.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_TOBY
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TRADING_SC: NCPA
  PNT_OF_INTRC: ZP26
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


I use Lexis and am interested in learning how to do legal research better,
faster and simpler, but can that be set up at our individual work stations
rather than downstairs??  Maria

	From:  Dari Dornan                           12/06/2000 01:03 PM

To: Martha Benner/ET&S/Enron@ENRON
cc: Maria Pavlou/ET&S/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Kathy Ringblom/ET&S/Enron@ENRON, Ann
Smith/ET&S/Enron@ENRON

Subject: Re: Lexis Nexis/Legal and Windows 2000

i use Lexis but not Lexis Nexis.  Dari

MARTHA
BENNER
12/06/2000 07:36 AM

To: Maria Pavlou/ET&S/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Kathy
Ringblom/ET&S/Enron@ENRON, Ann Smith/ET&S/Enron@ENRON
cc:

Subject: Lexis Nexis/Legal and Windows 2000

Who uses this application in our department?   Others?

Thanks.....Martha
---------------------- Forwarded by Martha Benner/ET&S/Enron on 12/06/2000
07:32 AM ---------------------------
From: Jean Mcfarland/ENRON@enronxgate on 12/05/2000 04:43 PM
To: Martha Benner/ET&S/Enron@ENRON
cc:

Subject: Lexis Nexis/Legal and Windows 2000

Martha -- do you use Lexis Nexis?  Can you come down into my area and test
Lexis Nexis and other apps Legal may use?

Thanks.  Jean


The attached News Release was distributed via PRNewswire 06/19/01 at
3:04 pm.  If you have any questions please contact myself or Frank Pici at
(281) 584-5500.

Kimm Cashiola
Executive Assistant to VP - Finance & CFO
End User Support Help Desk
(281) 584-5571
 <mailto:kcashiola@mariner-energy.com> kcashiola@mariner-energy.com

 - KingKongDWRR061901.doc


Hey guys:  just to follow up after our discussion this morning on unfinaled
invoices, the following will be our procedures.

10th day of month:  invoices sent out
1st business day after 10th:  we will get the unfinaled invoice report from
settlements and start working on clearing all discrepancies.  We will have
all discrepancies cleared by the 5th work day after the 10th.
25th day of month:  purchase stuff goes out.
1st work day after 25th:  unfinaled invoice report from settlements, same
timetable to clear all discrepancies.

Remember:  a discrepancy will consist of anything that could hold an invoice
from going out the door.
We need to be very receptive to other groups in helping them clear these up.
We know more about these deals than anyone, so let's be helpful.
Let's also try to clear these up in a way so as to avoid causing these
problems in the future, if we can.

Thanks in advance for everyone's help.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/17/2000
03:20 PM ---------------------------

	Enron North America Corp.

	From:  Kam Keiser                           10/17/2000 03:06 PM

To: David Baumbach/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, William
Kelly/HOU/ECT@ECT
cc:
Subject: Postid file modification

This is a modification of the old file.  If you had the same book and
portfolio code for more than one book (ex. GG) it will pull in all GG
post-id's.
This one requires a comment in all post-id's to pull in only those.

---------------------- Forwarded by Kam Keiser/HOU/ECT on 10/17/2000 03:02 PM
---------------------------

Greg Couch
10/17/2000 02:41 PM
To: Kam Keiser/HOU/ECT@ECT
cc:
Subject: Postid file modification

Kam,

See if this works like you want.  If so, pass it along if you think others
can benefit.

Let me know if you have questions.

Greg


This is to let all know that there will not be a HR Bi Weekly Meeting tomorrow, Tuesday, November 20, 2001 at 8:30am.

If you have any questions, please call Zulie 33908 or Bobbie 37460.

Thank you.....zf


Please check the physical and fin index positions for prompt.  The index
totals do not match the volumes in the Consindex tab in newcurrentday.

Thanks,
Mike


In my email inbox I have a few expense reports for me and John Brindle.  Please review and approve John's.  Please check on mine:  they show that they are paid but on one it looks like they paid double.  It may be that the first one didn't go so they reissued it, but I just want to make sure that it was paid and only paid once.


Here is Don's presentation.

Ben


Please be advised that Jay Williams will be our credit contact for all master netting agreement credit terms.  Jay will also provide us with all counterparty names and maintain the list of agreements.  Jay's phone number is (713) 345-3923 and, for e-mail purposes, he is listed as Williams, Jason R. (Credit).


PLEASE SEE ATTACHED AP RELEASE FROM YESTERDAY WITH QUOTE FROM DYNEGY.
***********************************************************************************************************************************
By JUAN A. LOZANO
Associated Press Writer
11/21/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
HOUSTON (AP) - Concerns about Enron Corp.'s ability to weather its spiraling financial problems sent the company's stock down nearly 23 percent to its lowest level in nearly 10 years.
The shares on Tuesday tumbled dlrs 2.07 to dlrs 6.99 on the New York Stock Exchange - the lowest since the shares closed at dlrs 7.72 in Feb. 6, 1992 - a day after the company disclosed that it might have to pay a dlrs 690 million debt by next week and amid reports that energy companies weren't selling it power and natural gas for fear they won't be paid.
Analysts were mixed on whether Enron can survive its latest financial storm and if the dlrs 10.5 billion merger between Enron and its rival Dynegy Inc. - expected to conclude by next summer - will fall apart.
Andre Meade, head of the U.S. Utility Research for Commerzbank Securities, said he doesn't know if Dynegy is willing to take on Enron's headaches if the value of its core business - energy trading - is reduced or collapses.
"The bid by Dynegy gave (Enron) breathing space but it did not solve all their problems," Meade said.
But Duane Grubert, an analyst with Sanford C. Bernstein and Co., said, "Dynegy will do what it needs to make sure the deal will prevail, which still looks attractive to them."
Officials with Enron and Dynegy, both Houston-based, said reports of problems with energy trading were incorrect and the merger was not in trouble.
John Sousa, Dynegy spokesman, said Dynegy will stick with its dlrs 8.7 billion buyout plan.
"We continue to do business with Enron. We are one of their largest customers and they are one of our largest customers," Sousa said.
Late Monday, Enron filed restated third-quarter earnings with the Securities and Exchange Commission that increased its loss for the period by 3 cents a share to 87 cents.
The company also disclosed it is trying to restructure a dlrs 690 million obligation that could come due Nov. 27.
Adding to Enron's financial woes are reports by Dow Jones News Service that for several weeks, companies have limited buying and selling future deliveries of power and natural gas for fear they won't be paid. That could leave Enron unable to do business.
"It's obvious that they remain in a pretty precarious position and things have evolved in a declining and worsening path," said Charlie Sanchez, energy markets manager for Gelber & Associates, a Houston-based energy trading firm. "I think that there is little in terms of what could renew confidence in any trading."
Enron spokesman Karen Denne said reports that Enron was having trouble buying from energy traders were "erroneous."
"We've seen no recognizable change in the number of customers," she said. "Our transaction volume is within the normal range."
Denne said the company has received verbal indications it will be given more time to pay off the dlrs 690 million debt that could be due next week.
Standard & Poor's Corp. on Tuesday said it continued to monitor Enron's credit rating for possible downgrade, which would put Enron's debt in "junk" status territory, making it harder and more expensive to borrow money.
---
On the Net:
http://www.enron.com
http://www.dynegy.com


Please add "Rick L. Carson" to your list of persons to be advised of new account requests.  Also, in your request, please include a short synopsis of the product(s) to be traded and why you need this account.
Thanks.  Sara

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


Wow! I bet you're sick of explaining that one to all the newcomers. That's
about what I figured was going on - an overlap of names used by different
members of the Enron family.

Thanks so much for taking the time to respond and explain. And thanks for the
welcome!

Kate


There is only a small chance that I will attend.  Vic, make sure and/or Angie
go.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/15/2000 03:19
PM ---------------------------
From: Marde L Driscoll@EES on 03/15/2000 02:44 PM
To: Chris Germany/HOU/ECT@ECT
cc: Angie Zeman/Corp/Enron@ENRON@ECT, Molly LaFuze/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT
Subject: Re: CNG Training

Sorry Chris, I'm too efficient!  You told me to set it up and I did!
Thursday afternoon @ 2.  Please let me know if you plan to attend so that I
can get a conference room big enough for everyone.  Thanks!  md

Chris Germany@ECT
03/15/2000 02:36 PM
To: Angie Zeman/Corp/Enron@ENRON, Molly LaFuze/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT
cc: Marde L Driscoll/HOU/EES@EES
Subject: CNG Training

CNG would like to stop by the office to do some TTT training next Wed, Thur,
or Fri.

Please let Marde know if you have a preference as to which day you would like
to meet with CNG.  I may or may not be here.

Thanks


- Inv Alliance MF Survey of SMarcos.pdf


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/14/2001 11:47 AM
---------------------------

	From:  Julie Brewer @ ENRON                           03/14/2001 11:27 AM

To: Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Susan M Scott/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Kara L Boudreau/HOU/ECT, Jean
Bell/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Anne Bike/Corp/Enron@Enron,
Errol McLaughlin/Corp/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON, Luchas
Johnson/NA/Enron@Enron, Sherry Dawson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Michelle
Nelson/Corp/Enron, Stewart Range/NA/Enron, Shifali Sharma/NA/Enron, Keynan
Dutton/NA/Enron, Carole Frank/NA/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON,
Veronica Hill/NA/Enron, Bianca Ornelas/NA/Enron@Enron, George Huan/NA/Enron,
Amy Cavazos/NA/Enron@ENRON, Elizabeth Shim/Corp/Enron@ENRON, Ryan
O'Rourke/ENRON@enronXgate, Eric Bass/HOU/ECT@ECT
cc:
Subject: Rebooks

If your name is in the right hand column, please rebook as indicated by
Credit.

Thanks.

Julie Brewer


Call Kim


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June Nasdaq futures weaker today. Prices are trading sideways but are
still within striking distance of the April high of 1995. Sideways
trading the past week has negated a fledgling four-week-old uptrend
on the daily bar chart. Bulls still have some heavy lifting to do and
their next upside objective is resistance at the key 2,000 area.
First support is seen at the 1,732 area.

June S&P 500 futures closed firmer today. Prices have leveled off the
past week, after rallying solidly off the early-April low.
Technically, bulls still need to push prices above the 1285
resistance area. My bias is still that any recovery in the stock
market and the stock indexes won't be dramatic, but a slower grind
higher, with fits and starts. First resistance is seen at 1285.00.
First support is seen at 1206.00.

LIVESTOCK: June live cattle closed $0.28 higher at 70.25 today.
Prices scored a consolidative "inside" day on the daily bar chart
today. On Wednesday, prices gapped sharply lower and hit a fresh
eight-month low. Reports that cash cattle traded $1.00 lower this
week sent the futures market tumbling. The June futures are still
overextended on the downside, technically, on a short-term basis. The
bears are in full control of the market. Prices are trading way below
an accelerating two-month-old downtrend line on the daily bar chart.
Next support, basis June, is seen at $69.82--Wednesday's low. First
resistance comes in at the $70.50 level.

August feeder cattle closed up 53 cents today at $80.00. Prices also
posted a corrective rebound after the sharp losses Wednesday. Recent
history continues to play out, as the market bounced up from the
losses of the past two days. But if prices break down below the
bottom of the recent trading range, which is right at Wednesday's low
of $87.40, then the door is opened to a lower trend down to the
January low just above the $86.00 level. Next resistance is seen at
$88.30. First support is seen at $87.40.

June lean hogs closed firmer today. The bears still have the momentum
on their side at present. Next support lies at $67.00--today's low.
First resistance is located at the 69.00 level.

GRAINS: July corn futures closed 6 3/4 cents lower at $1.98 1/4
today. A bearish USDA report indicating large carryover stocks of
corn pushed prices lower today. Prices closed near the session low,
after gapping sharply lower on the daily bar chart. Prices were under
pressure earlier this week after weekly crop progress reports showed
good corn-planting progress in the U.S. The past 25 years of chart
history shows nearby corn futures prices do not stay below $2.00 very
long. However, the shorter-term technicals are very bearish at
present, and would-be bottom pickers don't want to stand in front of
a freight train. Next support is now seen at $1.95. Next resistance
is seen at today's high of $2.03.

July soybeans closed 4 1/2 cents lower at $4.35 today. Prices closed
near the session low amid a bearish USDA report released this
morning. The bearish report did put pressure on the market, but not
the strong pressure corn saw. Traders have factored much of the
bearish news into the soybean market. Odds are lessening that a minor
bull flag could be forming on the daily bar chart. Bears still have
the solid advantage. Fundamentally, there is not much in the way of
good news for bulls right now. I would not be surprised to see the
commodity funds make another downside push in beans in the near term.
It's going to take a significant weather scare this spring or summer
to force prices solidly higher. First resistance is seen at the $4.45
area and then $4.50. First support is seen at $4.30.

July soybean meal closed off $1.80 at $154.50 today. Prices did not
put in that bad of a performance today, given the bearish USDA
report. Prices this week are consolidating after they pushed to a
fresh eight-week high last Friday. Recent price action is still
encouraging to the bulls and is one sign the lows are in place in the
meal market. Next resistance comes in at the $158.50 area. First
support is seen at $154.00.

July bean oil closed 6 points lower at 14.77 cents today. Prices
scored a fresh contract low today of 14.75 cents. Oil is technically
weaker than beans or meal right now. But I would be surprised if
there is much downside left in oil. Next resistance comes in at 15.00
cents. Next support is seen at 14.50 cents.

July Chicago wheat closed 2 3/4 cents higher at $2.68 1/2 today. A
bullish USDA report boosted wheat higher, but prices did back off
from the highs and close near the session low, due mostly to the
weakness in corn and soybeans. Prices just Wednesday touched the
contract low of $2.65. If prices can post a strong bounce in the next
couple sessions, a double-bottom reversal pattern could be forming on
the daily bar chart. Bears are in command. Serious technical damage
has occurred the past few sessions. First support lies at the
contract low of $2.65. Next resistance is seen at $2.73--today's
high.

K.C. July HRW wheat closed up 5 cents at $3.27 1/4 today. A bullish
USDA wheat production figure today boosted HRW. Prices gapped higher
on the daily bar chart, but backed well off the highs by the close.
It will be important for bulls to show some follow-through strength
on Friday. Serious chart damage has been inflicted the past few
sessions and bears still rule. For bulls to get back in the ballgame,
they need to push prices north and fill the downside gap on the daily
bar chart (created last week) by pushing prices to the $3.34 area.
That's a tall order right now. Next resistance is seen at the $3.31
level-- today's high. Next support is seen at $3.21 1/2.

SOFTS: July N.Y. sugar closed 6 points higher at 9.06 cents today. We
now could see a minor bullish pennant forming in sugar, on the daily
bar chart. This many times occurs as prices consolidate steep gains.
A three-month high was scored in July sugar late last week. The bulls
have good momentum and a steep and accelerating six-week-old uptrend
line is still in place on the daily bar chart. Next resistance now
comes in at 9.25 cents. First support is now seen at 8.80 cents.

July N.Y. coffee closed 65 points higher at 68.55 cents today. Prices
closed near the session high. The bulls have gained momentum of late.
This recent upmove is the most significant showing by the bulls since
mid-January. The fact that prices have not sold off sharply the past
few sessions is encouraging for the bulls, too--given recent price
history. Still, the bears could be setting a trap, like they did in
early January. If bulls can push prices above 70 cents and then see
follow-through strength, bears will begin to think this uptrend is
sustainable. First resistance comes in at 70 cents. First support is
seen 65.00 cents.

July N.Y. cocoa closed $28 higher today, at $1,050. Prices today
matched the six-week high scored yesterday, and finished close to the
session high. Tuesday's strong gap-higher trade on the daily bar
chart put the bulls back on a level playing field with the bears. If
prices can push higher Friday, bulls will have the edge. Prices this
week pushed above and negated a 2.5-month-old downtrend line on the
daily bar chart. Next resistance comes in at $1,060. First support is
now seen at $1,025.

July cotton closed 60 points lower at 44.83 cents today. Prices
scored a new contract low in the wake of a bearish USDA report.
However, most traders did expect the bearish figures in the
report--namely high carryover stocks. Cotton is presently in a strong
bear market. Right now, any rebounds are likely to be just selling
opportunities for the bears. But, my bias is still that we are not
that far from a bottoming process. Next support lies at 44.00 cents.
First resistance is seen around 47.00 cents. Would-be bottom-pickers
should beware.

July orange juice futures closed 80 points higher today, at 79.50
cents. Prices closed near the session high again today after
Wednesday pushing higher and filling an important downside gap area
on the daily bar chart. Today's USDA report was termed mostly neutral
by the trade. Bulls are gaining confidence after the past two days'
action. Next resistance is now seen at 80.00 cents. Next support
comes in at 78.00 cents.

METALS: June COMEX gold closed off $0.90 today, at $269.50. Prices
corrected a bit today after Wednesday's strong gains that pushed
prices to a two-month high. This market is in a nice uptrend since
scoring its early-April low. This week's type of price action is what
bulls needed to gain confidence to trek farther north on the chart.
Next resistance is located at $273. First support is seen at $268.00.

July silver closed down $0.065 today, at $4.35 an ounce. Prices sold
off sharply today after rallying sharply Wednesday. This should not
surprise many. Silver prices are still not that far above the
contract low. Prices are chopping at lower levels, and this suggests
a "basing" action that many markets need to change the trend from
down, to sideways, to eventually up. Next support is seen at $4.30.
First resistance is seen at $4.425. Bears still have the advantage.

July N.Y. copper closed 40 points lower today, at 75.95 cents. Prices
today matched the contract low scored in early April. The stock
market and the U.S. economy will have to be healthy before the bulls
can really get something going in copper. Next resistance is seen at
77.00 cents. Next support is seen at 75.00 cents.

ENERGIES: July crude closed $0.12 higher at $29.06 today. Prices
closed well off the high of $29.43. Bulls and bears are still at a
stand-off, but bull will gain the edge on a move above $29.50. Expect
more choppy trading. Next support is seen at 28.00. Next resistance
lies at $29.50.

July heating oil closed 5 points higher today, at .7715. Bulls still
have the slight edge. Look for more choppy trading in the near
future. Next support is seen at 75.00 cents. Next resistance is seen
at 79.00 cents.

July unleaded gasoline closed 29 points lower at 1.0040 today. Prices
scored a new contract high just Monday. Bulls are still in command as
peak driving season nears. Top-pickers beware! Next resistance is
seen at $1.03. First support is seen at $.9780.

July natural gas closed 13.7 cents higher at $4.41 today. After,
prices hit a fresh five-and-one-half-month Wednesday, we saw a
corrective bounce today. Next support is seen at $4.20 and first
resistance is at $4.50. This market is still short-term oversold,
technically.

FINANCIALS, CURRENCIES: The June Euro currency closed 32 points lower
at .8812 today. Prices scored a bearish "outside day" down today and
pushed to a fresh four-week low. Bears have the edge. The European
Central Bank (ECB) cut interest rates today, which initially boosted
the Euro, but those gains were short-lived. My bias is still that
there is not much downside left in the Euro. Look for more choppy
action in the near term. Next support is now seen at .8750. Next
resistance is seen at .8900.

The June Japanese yen closed 33 points lower at .8190 today. Bears
are in control. Bulls are hoping for some "basing" activity at lower
levels, and that may be occurring, although it's too early to tell.
Next support now lies at the .8100 level. First resistance is seen at
the .8326 level.

The June Swiss franc closed 3 points lower at .5744. Bears are in
command as prices scored a bearish "outside day" down on the daily
bar chart today. Prices pushed to a fresh four-week low today. Still,
my bias is that prices won't deteriorate much more. Next support is
seen at the .5700 level. First resistance comes in at the .5800
level.

The June Australian dollar futures closed unchanged at .5234 today.
Prices pushed to another fresh two-month high today. The bulls have
the advantage as a six-week-old uptrend line is in place on the daily
bar chart. First resistance is now seen at .5300. First support is
now seen at .5200.

The June Canadian dollar closed 20 points lower today, at .6478.
Monday's key reversal does not indicate prices are headed back toward
the lows seen a few weeks ago. What it does suggest is a downside
correction to the recent gains may occur over the near term. Bulls
still have the slight edge, on a short-term basis. This currency had
been near recent historic lows and I do not think there is much more
downside. Next resistance is seen at the .6548 level. First support
is seen at the .6450 level.

The June British pound closed 18 points higher at 1.4218. Trading
continues choppy at lower levels. This currency was not that far
above recent historic lows and I do not think there is much more
downside in the sterling. One could argue that price action the past
few weeks has been a "basing" before prices eventually turn north. A
move above the 1.4500 level would be considered a bullish "upside
breakout" from the recent congestion area. A move below 1.4100 would
be considered a bearish downside breakout. Next support is now seen
at the 1.4160 level. Next resistance comes in at the 1.4300 level.

The June U.S. dollar index closed 30 points higher at 116.52 today.
Prices scored a bullish "outside day" up on the daily bar chart, and
pushed to a fresh four-week high. Bulls have the momentum in the near
term. Next resistance lies at the 117.00 level. First support is seen
at the 115.50 area. My bias is still that a near-term top is in place
in the dollar index, but if prices push above the 117.00 area in the
near term, odds increase that a new high will be scored.

June U.S. T-bonds closed 1 6/32 lower today at 101 1/32. Bulls today
lost most of the momentum they had gained last week. A surprise
interest rate cut by the European Central Bank pressured the U.S.
debt market. See more on the bond market in this evening's
newsletter. Next support is seen at 100 even--par. First resistance
is seen at 102 16/32 level.

The June U.S. T-note closed off 27.0 (32nds) today at 104.12.5. Bears
have the slight edge and prices scored a bearish "outside day" down
on the daily bar chart today. First support is seen at the 104.00.0
level. First resistance is seen at 105.10.5--today's high.

Daily Extreme Commentary is brought to you by GLOBALcharts,
INO.com's end-of-day charting software for Futures, Futures
Options and Optionable Stocks. http://www.globalcharts.com
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_____________________________________________________________________

T O P   N E W S
_____________________________________________________________________

STOCKS

Japan Stocks Review: Nikkei falls 0.48% ahead of Friday's fixing
   http://news.ino.com/summary/?id=25286
US Equities Review: Nasdaq slips; Retailers, cyclicals support DJIA
   http://news.ino.com/summary/?id=25285
UK Stocks Review: Rate cuts boost fails to push FTSE over 6,000
   http://news.ino.com/summary/?id=25292

FOREX

US FX Review: Euro buckles after surprise ECB interest rate cut
   http://news.ino.com/summary/?id=25288
Asia FX Review: Trading stuck in a tight range in Asia
   http://news.ino.com/summary/?id=25293
Europe FX Review: Euro slides on surprise ECB rate cut
   http://news.ino.com/summary/?id=25287

CREDIT

US Credit Review: Bond dn 1 5/32, weekly jobs data spark sales
   http://news.ino.com/summary/?id=25284
Europe Credit Review: Curve steepens sharply on surprise ECB cut
   http://news.ino.com/summary/?id=25289
Japan Credit Review: Jun posts small gains in range-bound trades
   http://news.ino.com/summary/?id=25291

COMMODITIES

US Futures Summary: USDA data sink corn, cotton; natural gas up
   http://news.ino.com/summary/?id=25290

EXCHANGES

CFTC And SEC Propose Joint Rules For Security Futures
   http://news.ino.com/press/?release=23937
Pacific Exchange To Trade Options on Agere Systems Inc.
   http://news.ino.com/press/?release=23936
Minneapolis Wheat Options Open Interest Tops 10,000
   http://news.ino.com/press/?release=23567
Single-Day Volume Record For Kansas Wheat Options
   http://news.ino.com/press/?release=23566

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

BDN1   Oriented Strand Board Jul 2001             220.00      8.00  +3.77
NGM1   Henry Hub Natural Gas Jun 2001              4.348     0.153  +3.64
CCK1   Cocoa May 2001                               1096        30  +2.81
ZM1    U.S. Treasury 6% Bond Jun 2001          103 184/256   2 22/32  +2.66
XHM1   Lean Hogs Jun 2001                          68.55      1.73  +2.59
LHM1   Lean Hogs Jun 2001                         68.400     1.475  +2.20
ERY0   FTSE Eurotop 100 Cash                      3333.7      69.2  +2.12
PBG2   Frozen Pork Bellies Feb 2002               70.200     1.300  +1.85
KWK1   Wheat May 2001                                320         5  +1.59
HOK2   Heating Oil May 2002                       0.7056    0.0105  +1.49

LOSERS

XCN1   Corn Jul 2001                             198 1/4    -6 3/4  -3.29
CN1    Corn Jul 2001                             198 1/4    -6 3/4  -3.29
NGQ3   Henry Hub Natural Gas Aug 2003              4.067    -0.120  -2.95
ON1    Oats Jul 2001                             108 3/4    -3 1/4  -2.90
PAM1   Palladium Jun 2001                         660.60    -14.00  -2.08
SK2    Soybeans May 2002                         447 1/2    -8 1/2  -1.86
NDM1   NASDAQ 100 Index Jun 2001                 1841.00    -34.50  -1.84
SMH2   Soybean Meal Mar 2002                       146.5      -2.7  -1.81
SIU1   Silver Sep 2001                             4.375    -0.076  -1.71
XSX1   Soybeans Nov 2001                         422 1/4    -7 1/4  -1.69
____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

INGN   Introgen Therapeutics                        7.16      2.56  +55.65
FHRX   FIRST HORIZON PHARMAC'L                     24.66      5.44  +28.19
SRV    SERVICE CORP INTL                            5.86      1.23  +26.39
ROYL   ROYALE ENERGY                               15.06      3.13  +26.30
CVST   Covista Communications                       5.90      1.21  +22.83
NICK   NICHOLAS FINANCIAL INC                       7.00      1.11  +17.76
BIOI   BIOSOURCE INTL                              10.45      1.54  +17.26
PLCE   CHILDREN'S PLACE RETAIL STORES              28.58      4.18  +17.13
FPIC   FPIC INSURANCE GRP                          11.45      1.68  +17.11
MEDM   MEDAMICUS INC                                7.55      1.04  +15.52

LOSERS

CTLM   CENTILLIUM COMMUNICATIONS(IPO)              23.59     -8.00  -25.33
MAXC   MAXCO INC                                    7.50     -1.43  -19.07
VGIN   VISIBLE GENETICS                            15.05     -2.91  -16.62
AMCV   AMER CLASSIC VOYAGES                         5.45     -1.07  -16.34
RTIX   REGENERATION TECHNOLOGIES                   11.29     -2.17  -16.30
MCRI   MONARCH CASINO & RESORT                      5.45     -0.85  -15.45
USLBW  U.S. LABORATORIES WRRT                       5.95     -0.94  -15.44
APCS   ALAMOSA PCS HLDGS                           12.30     -2.18  -15.18
QLTI   QLT INC                                     23.81     -4.05  -14.54
AETH   AETHER SYSTEMS                              13.48     -2.26  -14.37

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See you then 4262

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Wednesday, January 09, 2002 9:20 AM
To:	Corman, Shelley
Subject:	RE: Meeting

How about 11?

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Wednesday, January 09, 2002 9:02 AM
To:	Howard, Kevin A.
Subject:	RE: Meeting

Hi.  I'm here -- just barely though -- my sinus infection is back.  Can we get together in my office (the less elevator riding the better) sometime between 11-1?  I'm planning to be out of office tomorrow.

 -----Original Message-----
From: 	Howard, Kevin A.
Sent:	Wednesday, January 09, 2002 8:03 AM
To:	Corman, Shelley
Subject:	Meeting

Shelley:
Welcome back! I was wondering if you had 30 minutes today to discuss NNG's major customers from a strategic perspective.  Stan has asked me (on a very confidential basis) to explore various "buy back" options for NNG, including raising a lot of money!  I wanted to get your thoughts on certain customers' willingness to participate in an ownership interest in NNG.  I did not want to meet with Dave and his team given the Dynegy transition. I am free all morning except at 9 and this afternoon except from 2 to 4.


We have Jim Pietre's comments, which are minimal and Mark is responding now.  Should be resolved within the hour.  Mark Haedicke


We are getting a group together to play paintaball tomorrow at around 10 am.
We will be playing at Adventure Village (just north of Intercontinental
Airport on FM 1960).  Their website is www.adventurevillage.com.  The total
cost should be somewhere between $30-$40 per person ( about $15 for a gun and
$6 per 100 paintballs).  Let me know if you can make it.

-Eric


---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/06/2000 02:18
PM ---------------------------
From: Marcie Milner@ENRON on 09/06/2000 11:19 AM MST
To: Chris H Foster/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT,
Roger Yang/SFO/EES@EES
cc: Paul Kaufman/PDX/ECT@ECT, Mona L Petrochko/SFO/EES@EES, Jeff
Dasovich/SFO/EES@EES, Susan_J_Mara@enron.com, Leslie Lawner/HOU/EES@EES, Dave
Fuller/PDX/ECT@ECT
Subject: Citizens Utilities

The following article appeared in the Arizona Republic last week.  I will
keep an eye out for the filing.

"Citizens Utilities says it won't triple its rates"

Citizens Utilities is assuring customers that it won't double or triple
rates, even though the electric company is paying triple the normal amount to
purchase energy.  Citizens recently announced a possible rate increase due to
higher charges from its energy supplier, Arizona Public Service Co.  The
company estimates it paid $19 million to APS for energy in June.  Citizens
normally pays $6 million a month, spokesman Tom Ferry said.  Citizens
customers can expect a rate increase, but the utility company is proposing to
spread out the increases through a three year recovery period for the rate
increase expected for June, July and August, Ferry said.

Citizens will file a plan requesting a rate increase with the ACC in a week
or two.  Ferry wouldn't say what the rate increase would be if the ACC
approves a shorter recovery period than the one Citizens proposes.  The
earliest any rate increase could take effect would be February, an ACC
spokeswoman said.  Ferry blamed the increase on a rise in summer temperatures
and economic growth resulting in above-normal demand for electricity.


any thoughts?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
09:15 AM ---------------------------

Mike McConnell
10/30/2000 07:04 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: forwarded resume per your request of Chris Hunt

Another one.  Any ideas?  Coal in Asia?
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 10/30/2000
07:09 PM ---------------------------

Steve Jernigan@ENRON_DEVELOPMENT
10/18/2000 03:19 PM
To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: forwarded resume per your request of Chris Hunt

Mike -

Attached is my resume for your consideration.  I would very much enjoy
exploring any sort of commercial opportunities within your group.  Please
call me with any questions.  Look forward to speaking with you.

Thanks,

Steve


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

 -----Original Message-----
From:  Rorschach, Reagan
Sent: Thursday, May 17, 2001 11:04 AM
To: Kroll, Heather
Subject: MDEA Docs

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


------------------------------------------------------------------------------
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F O R

November 17, 2000 5:00pm through November 20, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: SEE ORIGINAL REPORT

EI: SEE ORIGINAL REPORT

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

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MARKET DATA: No Scheduled Outages.

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OS/2:  No Scheduled Outages.

OTHER SYSTEMS: SEE ORIGINAL REPORT

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:
Impact:  CORP
Time:  Sat 11/18/2000 at  6:00:00 PM CT thru Sun 11/19/2000 at  8:00:00 AM CT
 Sat 11/18/2000 at  4:00:00 PM PT thru Sun 11/19/2000 at  6:00:00 AM PT
 Sun 11/19/2000 at  12:00:00 AM London thru Sun 11/19/2000 at  2:00:00 PM
London
Outage:  Unify
Environments Impacted:  Unify Users
Purpose: Rebuilding all the indexes and changing the number of partitions for
better performance
Backout: Restore from Backup
Contact(s):  William Mallary  713-345-3485
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
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EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


Can you grant Chris Dorland all requested access for EOL trading.

John Zufferli


In 1824:

John Q. Adams ran for President, son of former President John Adams.

In 2000:

George W. Bush ran for President, son of former President George Bush

In 1824:

John Q. Adams opponent was a man from Tennessee, Andrew Jackson

In 2000:

George W. Bush's opponent was a man from Tennessee, Albert Gore, Jr.

In 1824:

Andrew Jackson won the popular vote

In 2000:

Al Gore won the popular vote

In 1824:

John Q. Adams was elected by the "electors" as President of the United States

In 2000:

George W. Bush will probably be elected by the "electors" as President of the
United States

John Adams, the father, was a one-term President
George Bush, the father, was a one-term President
John Adams, the father, was preceded by a two term President and succeeded by
a two term President
George Bush, the father, was preceded by a two term President and succeeded
by a two term President

John Q Adams and Andrew Jackson squared off for a rematch after John Q's
first term.  John Q lost a re-election bid  in 1828.  John Q's predecessor
was James Monroe.  James Monroe had a wife who was elected Senator from New
York, Hillary Monroe.


Jeff/Sue--I keep hearing conflicting reports on whether Riordan is really going to run....what's the read in California?

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Wednesday, October 17, 2001 3:23 PM
To:	Mara, Susan; Shapiro, Richard; Kaufman, Paul; Steffes, James D.; Landwehr, Susan M.
Subject:	RE: Riordan contact with WPTF

Ridota's a tough customer.  Very political type--knee-capper from the Wilson administration who was involved in the conflicts between Fessler and Knight, large customers and utilities, etc.  DA and Dereg done right (i.e., California never de-regulated) sound good.  May want to add the great job Davis did at locking a generation of Californians into $46 billion of contracts.  Maybe, on the energy issue, Riordin wants to look like a statesman, saying that if he were governor, he'd get everyone to the table to settle this thing once and for all--law suits, bad DWR contracts, ensuring customers have choices.

 -----Original Message-----
From: 	Mara, Susan
Sent:	Wednesday, October 17, 2001 2:28 PM
To:	Shapiro, Richard; Kaufman, Paul; Dasovich, Jeff; Steffes, James D.; Landwehr, Susan M.
Subject:	Riordan contact with WPTF

Gary Ackerman was contacted by the campaign and agreed to meet with them on the 22nd. He will meet with Joe Ridota who is responsible for energy policy.  Gary would like some direction -- I'll be chatting with Gary on DA and let's do deregulation right.  ANything else you'd like to me pass along?


Hey Mike:

I wanted to check in with you to get the status of our entry into the Ag
business.   I heard through the grapevine that our meeting with Skilling
didn't go well, but wanted to hear it from the horse's mouth.

I hope you are doing well.

Lisa


As an update to many of you, I have been on the phone with Roger Kohn of EPA
Region 9 a couple of different times today.  It turns out that what they
really were expecting to see was something more like a formal Biological
Assessment (BA) for CS 3 and CS 4, not a biological survey report like we
provided.  According to the Endangered Species Act (ESA), the lead Federal
agency in a Federal Action is responsible for preparing the BA, but a BA is
typically only required when the action "may affect" a listed species, which
is not the case here.  EPA Region 9, and based on our experience across the
country, apparently only Region 9, is interpreting their responsibilities
under the ESA very strictly and somewhat "oddly."  Regardless, the bottom
line is that it appears we could argue with them ad nauseum and still end up
right back here.  So, we have begun working very quickly and diligently to
put together a "BA-like" document that, according to Roger, will give them
what they need to put in their files to cover themselves for satisfying the
ESA.

I told him that the USFWS typically (under "normal" circumstances) receives
a BA from the lead federal agency and then issues their Biological Opinion
(BO).  I asked him if they (EPA) were going to still feel like they needed
any kind of concurrence from the USFWS.  He said that only if we were going
to have any findings of "may affect" would they maybe feel the need to get
additional concurrence from the USFWS.  I told him that you (Larry) already
have a verbal concurrence from USFWS that there are no issues, in addition
to the fact that our surveys confirmed that.  I told him that our "BA-like"
document is going to come to the same conclusions that our Survey Report did
(i.e., No Effect).  He said that he understands, and will likely just
receive the document, assure himself that it says what it needs to say, and
is formatted in the manner he feels it needs to be formatted, put it in his
files, and put out the Public Notice for a 30-day comment period.  If this
all happens by early next week, we should still have permits by the
beginning of November. I will continue to hammer home the importance of that
schedule.  Some of us will be on a conference call with Roger and one of the
EPA attorneys tomorrow to try to "get inside their heads" a little bit
better regarding why they are the only Region interpreting their ESA
responsibilities so strictly.  We will debrief you after the call.  Scott

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

-----Original Message-----
From: Larry.Campbell@enron.com [mailto:Larry.Campbell@enron.com]
Sent: Friday, August 31, 2001 4:18 PM
To: Patti, Scott
Cc: John.Shafer@enron.com; Hackett, Terry; William.Kendrick@enron.com;
Robert.Kilmer@enron.com; Louis.Soldano@enron.com; Alstad, Jon;
Richardson, Devyn
Subject: RE: Endangered Species Surveys, Red Rock Expansion

Scott, thanks for the effort in this.  Am looking forward to your reports
for sta. 3 and 4 at your earliest convenience ....

"Patti, Scott" <SPatti@ensr.com> on 08/31/2001 02:11:17 PM

To:   "'Larry.Campbell@enron.com'" <Larry.Campbell@enron.com>,
      John.Shafer@enron.com
cc:   "Hackett, Terry" <THackett@ENSR.com>, William.Kendrick@enron.com,
      Robert.Kilmer@enron.com, Louis.Soldano@enron.com, "Alstad, Jon"
      <JAlstad@ensr.com>, "Richardson, Devyn" <DRichardson@ensr.com>

Subject:  RE: Endangered Species Surveys, Red Rock Expansion

Gentlemen,

Our Navajo Nation Permit to conduct T&E species surveys just came across on
the fax machine.  Again, Jon Alstad will be traveling Tuesday and
conducting
the surveys on Wednesday.  Thanks to Devyn Richardson for expediting
receipt
of this permit.

Scott

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

-----Original Message-----
From: Larry.Campbell@enron.com [mailto:Larry.Campbell@enron.com]
Sent: Friday, August 31, 2001 1:24 PM
To: John.Shafer@enron.com
Cc: Hackett, Terry; William.Kendrick@enron.com; Robert.Kilmer@enron.com;
Louis.Soldano@enron.com; Patti, Scott
Subject: RE: Endangered Species Surveys, Red Rock Expansion

John, to my knowledge there are no ciritical habitats at either site.  In
my previous life as a consultant I did a considerable amount of work with
ESA in NM and AZ and on reservation lands.  To add to this, the whole
disturbance issue of compressor station activities from 1967 (sta. 2) and
1959 (sta.3) would strongly support your supposition that there wont be any
surprises.  Ive spoken to Region IX EPA and this issue wont delay the
processing of the permits for either station.  I would think that from the
time the reports are completed to clearnace by the Navajo Nation, would be
about 30 days.  That is the approximate time limit  that the SHPO
clearances received.  Again, weve received verbal clearance from the Navajo
Nation at these sites regarding T&Es.  The project start point is station
2, so we have some room in the event the survey approvals take longer than
30 days, but I agree with you that we need to move this along.  Ill be more
than happy to motivate the Navajos and EPA after the reports are
submitted.....Scott Patti has promised me he would let me know when the
Navajos have said "yes" and he would charge into the field and do the
surveys.

From: John Shafer/ENRON@enronXgate on 08/28/2001 02:59 PM CDT

To:   Larry Campbell/ET&S/Enron@ENRON, "Hackett, Terry" <THackett@ENSR.com>
      @SMTP@enronXgate
cc:   William Kendrick/ENRON@enronXgate, Robert Kilmer/ENRON@enronXgate,
      Louis Soldano/ENRON@enronXgate

Subject:  RE: Endangered Species Surveys, Red Rock Expansion

Larry,
Please proceed with all haste on this.  How long to complete them and
submit the findings (can't believe there would be anything turn up).  No
endangered plants in any of those station yards - I trust?  The EPA is
reaching here, but they have the big stick and we must work through this to
get the air permit.  This is a lesson's learned for the upcoming Sun Devil
project.  John

    -----Original Message-----
   From:   Campbell, Larry
   Sent:   Monday, August 27, 2001 4:32 PM
   To:     Hackett, Terry
   Cc:     Shafer, John; Kendrick, William
   Subject:  Re: Endangered Species Surveys, Red Rock Expansion

     The issue arose when the EPA in San Francisco said they would not
     issue an air permit unless we had addressed all concerns relevant to
     the endangered species act, even on distsurbed lands at stations 3 and
     4.  Even though we had received a verbal approval formt he Navajo
     Nation that endangered species would not be a concern by the Nation,
     the EPA felt otherwise.  This means that they wont give us a permit
     until we do a survey for plants and animals.  Because ENSR was on the
     list of contractors approved by the Navajo Nation, they were given the
     opportunity.  As you know, I have been working with Scott Patti on
     this and we have worked it through.  All that is left is to get the
     ENSR renewal permit application approved by the Nation and ENSR is off
     and running to do the surveys.  Terry, I know that you know all this,
     I just wanted to keep John and Bill in the loop on how things are
     progressing......

     (Embedded image moved to file: pic13261.pcx)
     "Hackett, Terry" <THackett@ENSR.com> on 08/27/2001 11:18:31 AM

     To:   "Larry Campbell (E-mail)" <Larry.Campbell@ENRON.com>
     cc:   "Patti, Scott" <SPatti@ensr.com>

     Subject:  Endangered Species Surveys, Red Rock Expansion

     Larry,

     I understand from Scott Patti that the EPA has thrown a monkey wrench
     into
     the air permitting process for stations 3 and 4 and are now requesting
     endangered species surveys.  For simplicity, we will add this as a new
     task
     for the Red Rock Expansion project.  The FT. Collins folks are
     proceeding
     based on your verbal go ahead, but to make our accountants happy, I
     will
     have to get something written authorizing the additional work.  Scott
     is
     estimating the task to cost approximately $7,000.  Since I am listed
     as the
     project manager on paper, I will put together a brief letter and get
     it to
     you this week.  However, please continue to directly coordinate with
     Scott
     and he will keep me apprised of the status.

     Thanks,

     Terry.

     Terry L. Hackett
     Senior Project Manager
     ENSR International
     7041 Old Wake Forest Road, Suite 103
     Raleigh, NC 27616-3013
     (919) 872-6600 phone
     (919) 872-7996 fax

     **********************************************************************
     The information contained in this communication is confidential and
     privileged proprietary information intended only for the individual
     or entity to whom it is addressed.  Any unauthorized use,
     distribution,
     copying or disclosure of this communication is prohibited.
     If you have received this communication in error, please contact the
     sender immediately.

     It is our policy that e-mails are intended for and should be used for
     business purposes only.

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

     ENSR
     www.ensr.com
     postmaster@ensr.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
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Attached is and update to the LES and OPPD short positions.  These numbers
should change as we have more contact with the desk regarding the deal.  Ben
could you please update the model with this information so that we can start
the process of capturing the different segments that may add value to the
project.  Once we hear from LES regarding the proposal Oscar sent to them
yesterday, we can start plugging the pieces together to come up with a sound
value for the deal.  Let me known if you have any questions.

Thanks,
Russ


Thanks.  That's a big cell but it's gonns miss us by 20 miles.
-----Original Message-----
From: Smith, William
Sent: Thursday, November 15, 2001 12:50 PM
To: Weldon, V. Charles
Subject: Stormy near the back 40

Hey Charlie,

I noticed DeWitt and thought about you.  This one's not right in Cuero, though.

Sam


No
Yeung + Lindberg are gone
--------------------------
Jim Steffes
Enron


Hi Lee:

Looks great.  Could you do me a favor?  You have "generating company" rep on
the agenda.  Enron does not see itself as a generating company.  In fact, the
only generation that we own in California is 50+ MWs of wind power in
Southern California.  Could you change it to "energy service provider" rep?
Hope that's not a problem.

Best,
Jeff


Will alan handle this?
----- Forwarded by Tana Jones/HOU/ECT on 09/12/2000 08:52 AM -----

	Susan Musch@ENRON_DEVELOPMENT
	09/11/2000 09:26 PM

		 To: John Viverito/Corp/Enron@ENRON
		 cc: Tana Jones/HOU/ECT@ECT@ENRON, Alan Aronowitz/HOU/ECT@ECT@ENRON, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry M Collins/HOU/ECT@ECT@ENRON,
Jeffrey T Hodge/HOU/ECT@ECT@ENRON, Leslie Hansen/HOU/ECT@ECT@ENRON, Marie
Heard/Enron Communications@Enron Communications@ECT@ENRON, Robbi Rossi/Enron
Communications@Enron Communications@ECT@ENRON, Shari Stack/HOU/ECT@ECT@ENRON,
Stacy E Dickson/HOU/ECT@ECT@ENRON, Jonathan.Whitehead@enron.com@ENRON, Morten
E Pettersen/AP/Enron@Enron, Jeff Blumenthal@ECT, Mark Tawney@ECT
		 Subject: Re: New Profile additions

John and Tana,

The attached is fine from a tax perspective.

Best regards,
Susan

From: John Viverito@ENRON on 09/10/2000 10:17 PM
To: Tana Jones/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Harry M Collins/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Marie Heard/Enron
Communications@Enron Communications@ECT, Robbi Rossi/Enron
Communications@Enron Communications@ECT, Shari Stack/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Jonathan.Whitehead@enron.com, Morten E
Pettersen/AP/Enron@Enron, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: New Profile additions

Tana-

I see that ENA is a contemplated counterparty for Japanese weather
derivatives.  There are both legal and tax issues that require
consideration.

I am unsure if Susan Musch has had the opportunity to review the tax issues,
therefore I have copied her on this note.

With regard to Japanese legal issues, there are certain matters that must be
dealt with in the GTCs, if entering into transactions between ENA and
Japanese counterparties are being considered, including issues of an
underlying legitimate business purpose to avoid gambling restrictions etc.

Please inform me with whom I should be in contact to ensure that these issues
are appropriately handled.

Thanks,

John

	Tana Jones@ECT
	09/08/2000 10:52 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Shari Stack/HOU/ECT@ECT
		 cc:
		 Subject: New Profile additions

Please note new products.  Let me know if you have any issues or concerns
with any of these.
----- Forwarded by Tana Jones/HOU/ECT on 09/08/2000 10:52 AM -----

	Stephanie Sever
	09/08/2000 10:40 AM

		 To: Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
		 cc:
		 Subject: New Profile additions

Please see the attached spreadsheet with new additions in blue.  A couple of
Enron entity names changes (Enron Australia Finance Pty limited to Enron
Japan Corp.)  Also note that Sea Freight Fin Swap BCI 4 and Sea Freight Fin
Swap BCI 7 have been renamed from previous UK prefix.  Please let me know if
you have any questions.  Please begin using the attached spreadsheet on
Monday, Sept. 11.

Thanks,
Stephanie


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---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/19/2000
04:35 PM ---------------------------

"George Richards" <cbpres@austin.rr.com> on 09/08/2000 05:21:49 AM
Please respond to <cbpres@austin.rr.com>
To: "Phillip Allen" <pallen@enron.com>
cc: "Larry Lewter" <retwell@mail.sanmarcos.net>
Subject: Westgate Proforma-Phillip Allen.xls

Enclosed is the preliminary proforma for the Westgate property is Austin
that we told you about.  As you can tell from the proforma this project
should produce a truly exceptional return of over 40% per year over 3 years.
This is especially attractive when the project is in a market as strong as
Austin and we are introducing new product that in a very low price range for
this market.  This is the best project in terms of risk and reward that we
have uncovered to date in the Austin market.
The project does have approved zoning and will only require a site plan.  As
it is in the "Smart Growth Corridor" area designated by the City of Austin
for preferred development, this will be fast tracked and should be complete
in less than 6 months.  Additionally, many of the current and more severe
water treatment ordinances have been waived.  I have estimated the lot
improvement costs based on a 28 lot development we investigated in North
Austin, which included a detention/retention and filtration pond and street
widening.  Even though this property is not likely to require street
widening and will have less of a detention/retention and filtration pond
requirement, I used this data to be cautious.
 The Lone Star gas line easement in the lower portion of the property is not
expected to impact sales significantly.  Other projects have been quite
successful with identical relationships to this pipeline, such as the
adjoining single family residential and a project at St. Edwards University.
As with most infill projects, the quality of the surrounding neighborhoods
is uneven.  We have included a fence around the entire property, but may
only put it on Westgate and Cameron Loop.  Gated communities are far
preferred so this is a good idea for both screening and current buyer
preferences.
The seller accepted our offer Thursday evening with a price of $680,000 and
an extended escrow.  This will enable us to probably obtain an approved site
plan before closing on the contract, which will mean that we can close into
an A&D Loan rather than into a land loan and then an improvement loan.
This analysis shows your investment at $700,000 for a 50% interest in the
profits of the project.  As we discussed in San Marcos, we can also discuss
having you invest only in the lots, sell the lots to the construction entity
with your profit in the lot.  I believe this would facilitate the use of a
1031 Exchange of the proceeds from this deal into another project that is a
rental deal or at least into the land for a rental project that would then
be the equity for that project.  You would need to discuss this with an
exchange expert first.  Larry Lewter knows an expert in the field in San
Antonio if you do not know anyone.
I will send you a package on the property that was prepared by the broker,
by Airborne Express today for Saturday delivery.
Once you have read the package and reviewed this proforma, we would want to
schedule a tour of the site and the area.  Please get back to me as soon as
your schedule permits regarding the site visit and feel free to call at any
time.  You can reach me over the weekend and in the evening at either
512-338-1119 or 512-338-1110.  My cell phone is 512-748-7495 and the fax is
512-338-1103.   I look forward to hearing from you and to working with you
on this project that is sure to be a major winner.
I regret that it took so long to get back to you, but we had some unusual
events these past few weeks.  A small freakish wind storm with severe 60+mpg
downdrafts hit the South part of Austin where we are building 10 town homes.
One of these units had just had the roof decked with the siding scheduled to
start the next day.  The severe downdraft hitting the decked roof was enough
to knock it down.  The City shut down the project for a week and it took
another week to get every thing back on tract.  Then last week I had to take
my wife  to emergency.  She has a bulge in the material between the vertebra
in her spine and it causes her extreme pain and has kept her bedridden this
past week..  There is nothing like having your wife incapacitated to realize
the enormous number of things she does everyday.   Fortunately, it looks as
if she will be ok in the long run.
George W. Richards
Creekside Builders, LLC

 - Westgate Proforma-Phillip Allen.xls


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/01/00
Transaction Summary
External Transactions Today	3,941
Average Daily External Transactions (30 day Trailing Avg)	2,955
Total Life to Date Transactions	398,962

EnronOnline Daily % of Entity's Total Transactions for 11/01/00	Trans	Percent
Enron North America	3,380	75%
Enron Europe Limited	119	38%
Global Products	145	34%
Enron Metals	297	13%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	45%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,547,560,531
MTD	2,547,560,531
LTD	215,914,810,443
Average Daily Notional Value (30 Day Trailing Avg)	2,046,957,636

Notional Revenue from Physical Flows to Date	15,207,959,863

Counterparties, Users, and Products Offered
Counterparties having transacted to date	543
New Counterparties transacting for the first time today	0
Number of Products Offered Today	1,170
Total Number of External Users Logged on Today	2,872
Average # of External Users logged on (30 day Trailing Avg)	2,658


Richard:

Kathy continued with day 2 of Nolan's deposition.? She will conclude tomorrow
and will be followed by M. Swartz and Corey Gorden from Robins, Kaplan.? Tom
Hatch is apparently preparing for Aron Izower's (White & Case) deposition on
Friday in New York.? Some of the defense counsel (in particular Michael
Tomaino) have taken the position that if Nolan is still being deposed on
Friday, they want Izower's deposition rescheduled.? Plaintiffs' counsel are
holding firm but agreed to revisit the issue as we get closer to Friday.

Highlights of day 2:

-- Nolan spent the bulk of the day discussing the numerous problems with the
quality of the steel being produced during the time he visited the plant
(April-June '98 timeframe).? Quality problems included oxidation,
carbonization, edge cracks from too much copper, and coil breaks from too
much heat.

--Nolan continued his description of the plant's engineering and mechanical
problems

--Nolan indicated that he was aware that NSM spent approx. $50 million to
purchase scrap metal that was very poor quality (Nolan blamed the
incompetence of NSM's manager Wolfgang Lentz)

--There wasn't much mention of Barth or McConville today.

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November 7, 2001

Mr. Jim Prentice
Enron Methanol Company/EOTT

Dear Jim:

Enron Global Markets (Emissions) is pleased to offer the following proposals for your consideration.  The first proposal is for an outright purchase of all TNRCC certified allowances or credits and the second option calls for an outright purchase of all VOC credits and a revenue share on any future sales of NOx credits or allowances.

Due to the regulatory risk, illiquidity, and general market uncertainty I am unable to provide a time frame, guaranteed price or assurance of success in monetizing the NOx credits or allowances under scenario B.  Additionally, the most likely liquidation scenario involves a time frame of three to five years.

In order to simplify record keeping and minimize accounting and contractual issues it is my strong desire to keep this as a straight sale and finalize the deal under option A.

I look forward to discussing this proposal with you in greater detail.  If you should have any questions or require additional information, please phone me at 713-853-3810.

Sincerely,

Trevor Woods
Enron Emissions Services


Sara and Carol,

Attached for your review, please find a draft of a letter to be distributed
by ENA to Counterparties who are either (i) in Default or (ii) over the
Collateral Threshold and for which ENA does not desire to call such default
or demand such collateral.  Should you have any comments, please let me know.

Jason


Mark,
I just wanted to follow up with you to see if you had a chance to talk with
David Minns in Sydney about their Deemed ISDAs.

Thanks,
Jana x30972


stacey,

As the rules for ERCOT have changed and we are looking at a pool, with sandhill (the Austin Project) right there, this risk is mitigated. Does this suffice as a reason to  unwind this.

Please let me know,

Thanks,

Doug

PS Also wondering about the green mountain one...

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Thursday, October 18, 2001 10:57 AM
To:	Gilbert-smith, Doug
Cc:	Evans, Casey; Dahlke, Andrea; Lewis,  Jon Paul
Subject:	RE: schedule C-your favorite

I am still tracking down the Green Mountain documentation, but here is the documentation for LCRA.  I'll forward the rest when I get it.

Thanks,
Stacey

 << File: East Schedule C LCRA 9-30-00.xls >>
 -----Original Message-----
From: 	Gilbert-smith, Doug
Sent:	Thursday, October 18, 2001 7:17 AM
To:	White, Stacey W.
Subject:	schedule C-your favorite

I need to get with you regarding the existing schedule C I have for LCRA and for green mountain. I believe market conditions may have changed sufficiently that we can release some of it but I want to reaffirm this by researching the reasons again.

Trust you are well.

Thanks,

Doug


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