---------------------- Forwarded by Andrew H Lewis/HOU/ECT on 11/13/2000
04:19 PM ---------------------------

Robert Billbrough <rbillbrough@yahoo.com> on 11/13/2000 01:32:32 PM
To: Steve Tomlinson <steve14t@yahoo.com>, Ed Tubman <edt@transicoil.com>,
Terry Walsh <Terry.Walsh@avnet.com>, Jim Ward <jward@electro-nite.com>,
"Susan M. Billbrough" <sbillbrough@att.net>, "Robert Billbrough, Sr."
<rwbsr@snip.net>, Doug Schoorens <dschoorens@akibia.com>, "\"Jim'and'Kathy\"
O'Shea" <Kismet265@att.net>, Mark Decker <madecker@magpage.com>
cc: Dave Therrien <dtman@top.monad.net>, Joe Weber <joew@transicoil.com>,
John Sarkis <jacorealty@aol.com>, Harvey Scott <omegaman444@aol.com>, Andy
Lewis <Andrew.H.Lewis@enron.com>, Dan Potts <dan.potts@storagenetworks.com>,
Dan James <daniel.james@intel.com>
Subject: Fwd: the next prez.

Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Yahoo! Calendar - Get organized for the holidays!
http://calendar.yahoo.com/
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From: ELIZABETH MUNSON <lizmunson@yahoo.com>
Subject: Fwd: the next prez.
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Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Yahoo! Calendar - Get organized for the holidays!
http://calendar.yahoo.com/
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Subject: Fwd: the next prez.
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---------------------- Forwarded by Steven Miller/Newmarket Software on
11/10/2000 04:34 PM ---------------------------

Tony Costa
11/10/2000 03:28 PM

To:   Steven Miller/Newmarket Software@Newmarket Software, Craige
Hird/Newmarket
      Software@Newmarket Software, Josh Allen/Newmarket Software@Newmarket
      Software, Arthur Meyer/Newmarket Software@Newmarket Software, Arlene
      Lapanne/Newmarket Software@Newmarket Software, Kevin Thim/Newmarket
      Software@Newmarket Software
cc:

Subject:  the next prez.

(See attached file: Minibush.jpg)

 - Minibush.jpg


I should have sent this to you.  Sorry.

Might save time if you got financials from Mike re: NorthWestern Corp.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 08:48
AM ---------------------------

Kay Mann
06/01/2001 09:13 AM
To: stephen.swift@ps.ge.com
cc: john.schroeder@ps.ge.com, jeffrey.darst@ps.ge.com,
michael.barnas@ps.ge.com, Ben Jacoby/Enron@EnronXGate

Subject: Re: Enron Blue Dog Assignment

Steve,

Merchant Energy Ventures doesn't have auditable financials, but NorthWestern
Corporation will give GE a corporate guaranty for MEV. Let me know if you run
into difficulty verifying their financial status, as I'm sure we can get you
something. In addition, Enron North America will have the responsibility to
make the future payments to GE as these payment obligations exist as of the
closing.

Kay

stephen.swift@ps.ge.com on 06/01/2001 08:53:13 AM
To: Kay.Mann@enron.com
cc: john.schroeder@ps.ge.com, jeffrey.darst@ps.ge.com,
michael.barnas@ps.ge.com

Subject: Enron Blue Dog Assignment

Kay,

Does Merchant Energy Ventures LLC have any auditable financials?  If not can
Enron give some form of parent guarantee?

Let me know if either is possible.

Thanks,

Steve Swift


Carlos,

I need their phone numbers.

Vince

carlos ordonez <ordonez@shasta.phys.uh.edu> on 11/21/2000 11:45:45 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Greetings

Vince,

I gave you both their academic reports from here and Mexico and Panama. This
information I believe also contain some personal info. Would you need more?
One of them was a bit nervous about the formality of turning in an actual
resume...

Please let me know whether the academic info is not enough.

Cheers,

Carlos

At 10:41 AM 11/21/00 -0600, you wrote:
>
>Carlos,
>
>Please, forward their resumes to us and we shall set up an interview for
>them.
>
>Vince
>
>
>
>
>
>carlos ordonez <ordonez@shasta.phys.uh.edu> on 11/21/2000 09:30:08 AM
>
>To:   Stinson.Gibner@enron.com
>cc:   vkamins@enron.com
>Subject:  Re: Greetings
>
>
>Dear Vincent and Stinson,
>
>Both my students would love to come visit you guys for an informal
>visit in the near future. Please let me know well ahead of time
>when they can come. If possible, see to it that their parking expenses
>be paid when they do come.
>
>
>I'll be in touch with you all over the next months about this and
>a possible postdoctoral/trainee agreement (World Lab.).
>
>Cheers,
>
>Carlos
>
>
>
>
>
>
>
>


-----Original Message-----
From: 	"Vickie Biernacke" <vickieb@pkns.com>@ENRON [mailto:IMCEANOTES-+22Vickie+20Biernacke+22+20+3Cvickieb+40pkns+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 28, 2001 10:08 AM
To:	Sanders, Richard B.
Cc:	Debbie Castro
Subject:	Letter from Michael L. Kirby to Senator Joseph L. Dunn

I attaching a letter from Mr. Kirby to Senator Dunn in both WordPerfect and Microsoft Word.  Please call me at 619-557-4471 if you have any problems with the document.  Thank you.

The information contained in this e-mail message and any accompanying documents is subject to the attorney-client privilege and/or the attorney work product rule and is confidential business information intended only for the use of the individual or entity named above.  If the reader of this message is not the intended recipient or representative of the recipient, you are hereby notified that any dissemination of this communication is strictly prohibited.  If you have received this communication in error, please notify Kathryn A. Pugh at kpugh@pkns.com and immediately delete this message from your system.

 - DUNNLR.WPD
 - #288539v1 -DUNN LR.doc


Denise, Caroly, Claudette -
What do you think about me forwarding Marilyn's message to the prayer ministry

"Moore,Denise I" <denise.moore@dhs.state.tx.us> on 12/11/2000 10:02:09 AM
To: "'ddavis@enron.com'" <ddavis@enron.com>, "'cmontgomery@kmg.com'"
<cmontgomery@kmg.com>, "'abraham5@flash.net'" <abraham5@flash.net>,
"'cashley@poha.com'" <cashley@poha.com>
cc:
Subject: Ballet

Good morning ladies,

     The ballet is still on for Tuesday.  I had originally planned to pick
up each girl, however, I am on special assignment on the Southwest side of
time.  So, if you would, please have take them to Carolyn Ashley's house by
6:15 pm.  The ballet begins at 7:30 pm.  If they are not able to go, please
let me know, so I can make arrangements to take another girl.

Denise


congrats.  that is good news.  what else is going on.


Looks fine to me.

	Suryan Wirya Simunovic
	07/28/2000 06:32 AM

		 To: Louise Kitchen/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Mark Taylor/HOU/ECT@ECT
		 cc: Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
		 Subject: Sea Freight Launch Flyer

As per previous e-mail, International Sea Freight wants to launch 2 new
products on August 1st.  Would appreciate your approval / recommended changes
of the attached flyer.

Thank You

Suryan
---------------------- Forwarded by Suryan Wirya Simunovic/LON/ECT on
28/07/2000 12:33 ---------------------------

	From:  Helena Jarabakova                           28/07/2000 12:09

To: Suryan Wirya Simunovic/LON/ECT@ECT
cc:

Subject:

latest:

i'll be down in a sec


We Agree

"Eileen Ponton" <kponton@duke-energy.com> on 03/15/2001 09:47:26 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM,
LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOMS / ACTUAL FLOW FOR 03/14

DATE      NOM       FLOW - MCF           FLOW - MMBTU

3/14      23,750         23,112               23,736

BTU = 1.027


For those of you who are laid off as of tomorrow, please change your voicemail on Tuesday before you leave for the day.  Here is a suggested message "This is ________,  I am no longer with Enron, please do not leave a message as I will not be able to pick it up.  Thank you."

Regards,

Anita DuPont
Enron Research Group
713-853-0329
EB 1969


Hi there.

Is the site plan approval a different document than the development order?

Thanks,

Kay


Since ETS has third party debt on it's books, the debt and cost of carry will
be excluded from the calculation so as not to double count.

Rick wants it to actualy be booked.  I lean towards just calculating it and
not actually make entries (I know that entries will cause all sorts of
additional issues).   Nothing has been formalized yet.

Rod Hayslett

11/22/2000 11:01 AM
To: Tod A Lindholm/NA/Enron@Enron
cc:

Subject: Re: Capital Charge and Calculating Return on Invested Capital

What do we do with debt on the books of the entities?  Ignore it?   And my
understanding is that this will not be used for actual booking of anything
in the books,

Tod A Lindholm
11/22/2000 10:31 AM
To: Wes Colwell/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Kevin
Hughes/HOU/EES@EES, Rod Hayslett/FGT/Enron@ENRON, John Echols/Enron
Communications@Enron Communications, Mark E Lindsey/GPGFIN/Enron@ENRON, Sally
Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Kent Castleman/NA/Enron@Enron,
Jeffrey E Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard Selzer/Corp/Enron@ENRON,
Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dave
Gunther/NA/Enron@Enron, Kenny Bickett/HOU/AZURIX@AZURIX, MARY
TURINA/ENRON@enronxgate, Barry Schnapper/Corp/Enron@Enron, Paul
Chivers/LON/ECT@ECT, Rob G Gay/NA/Enron@Enron, Jeremy Thirsk/SIN/ECT@ECT,
Ananda Mukerji/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
Friedlander/EWC/Enron@Enron, Joseph Deffner/HOU/ECT@ECT, Larry
Derrett/HOU/EES@EES, Kevin Howard/Enron Communications@Enron Communications,
Michael Anderson/HOU/AZURIX@AZURIX, Bill W Brown/HOU/ECT@ECT
cc: Richard Causey/Corp/Enron@ENRON, Ben F Glisan/HOU/ECT@ECT, Mary
Perkins/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Bob
Butts/GPGFIN/Enron@ENRON, Wanda Curry/HOU/EES@EES, Mary Lynne
Ruffer/HOU/ECT@ECT, Maroun J Abboudy/LON/ECT@ECT, Mike Deville/HOU/ECT@ECT

Subject: Capital Charge and Calculating Return on Invested Capital

Over the last few months, we have been working on a new methodology to
measure and report business unit's retrurns on invested capital.   Several
different variations were considered, and I am glad to report that Skilling,
Causey and Fastow have approved the process outlined here.

Simply stated (with an example shown below):  Return on equity will be
calculated based on a pre-determined debt/equity structure.  Business unit
capital will include both on-balance sheet and off-balance sheet uses of
capital and business unit's will be charged for the cost of their debt at
Enron's cost of funds.  Business unit's should focus on improving their
return on equity over time.

______________________________________________________________________________
______________________________________

______________________________________________________________________________
_____________________________________

This metric will not replace other targets (i.e., IBIT and Funds Flow).

We are currently working to overlay this approach to the submitted 2001
Plans.  If you have questions, please contact myself or Mike Deville.


I've entered the following deals per the lending agreement with El Paso. We'll be short 50 mw at Palo tomorrow, and this energy will need to be procured in the hour-ahead market. Please adjust our purchase from El Paso (699933) to a price of $4 after purchasing energy elsewhere, or to the appropriate price plus $4 if you purchase from El Paso. Thank you for your careful attention to this process.....

699933 - STWBOM buys EPE
	 PV/HLH
	 25 MW @ $60

699942 - STWBOM sells STSW
	 PV/HLH
	 25 MW @ $60

699944 - STSW buys EPE
	 PV/HLH
	 25 MW @ $60

If you have questions, ask me, and I'll give you answers.

Thanks,
Kate

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Tuesday, July 24, 2001 9:34 AM
To:	Anderson, John; Bland, Todd; Dean, Craig; Guzman, Mark; Harasin, Leaf; Linder, Eric; Merriss, Steven; Meyers, Bert; Porter, David V.; Slinger, Ryan; Solberg, Geir; Symes, Kate; Williams III, Bill
Cc:	Symes, Kate; Gang, Lisa
Subject:	Lending (Short) for 07/25/01

Group,

We are short 50 mws for tomorrow at PV through lending with EPE.  25 mws will be under ST-SW, 25 mws will be under ST-WBOM.

We are also short 65 mws for tomorrow at SP-15.  25 mws will be under ST-WBOM, 40 mws will be under ST-CALI.

Both schedules are HE 7-22.  All deals should be under appropriate books.  Please take extra time with the EPE lending.  We would like to do this size throughout August and want to make sure they have no problems.  Details regarding prices and deal numbers will be coming from Kate.

Thanks,
Bill


I'm not sure how much money is in the fund for these types of events, but it may help get our name out there.

ds

-----Original Message-----
From: Frazier, Doug [mailto:Douglas@chelanpud.org]
Sent: Tuesday, February 05, 2002 9:53 AM
To: Scholtes, Diana
Subject: FW: Mid-C Seminar

You're on the list again! See you next week, Doug

>  -----Original Message-----
> From: 	Frazier, Doug
> Sent:	Friday, February 01, 2002 3:36 PM
> To:	Doug Andrews (E-mail); Bert Brehm (E-mail); Josi Keyser (E-mail);
> Kevin Holland (E-mail); Michael Dehaven (E-mail); Peter Blood (E-mail);
> Todd Torgerson (E-mail); Eric Strickland (E-mail); Scott Connelly
> (E-mail); Mike Lynch (E-mail); Dick Barnette (E-mail); Joe Morrato
> (E-mail); Andrew Goldberg (E-mail)
> Cc:	Frazier, Doug
> Subject:	Mid-C Seminar
>
> I'm happy to announce (you're the first to know, officially) that we are
> once again hosting the 6th annual Mid-C Marketing Seminar here in
> Wenatchee. The dates are July 9th for a semi-pro baseball game & BBQ, July
> 10th for the meeting and July 11th for a golf tournament. I realize this
> is an early request, but helps with the logistics as we approach the
> dates.
>
> Last year, your company helped us by making a donation in the amount of
> $500.00 toward sponsorship of the golf tournament. That was very
> beneficial to Mid-C Services, played a large part in the success of  the
> seminar and we appreciated it very much.
>
> We are offering you the same opportunity this year. Chelan PUD cannot
> legally sponsor this tournament, so your participation is important.
> Please don't feel obligated, but if this works for you, we will publicize
> your sponsorship as much as possible during the 2-day event.
>
> Most importantly, we want you to join us and participate in the learning
> and fun. Please respond to me at your convenience.
>
> Thank You, Doug
> 509-665-7867


FYI - once again.  First day at work has been hectic!  Unbelievable!  I moved
again, and now I am sitting not far from you.
Virawan

---------------------- Forwarded by Virawan Yawapongsiri/NA/Enron on
02/05/2001 04:37 PM ---------------------------

Virawan Yawapongsiri

12/05/2000 01:55 PM

To: Andrew H Lewis/HOU/ECT@ECT
cc:

Subject: Good reference to plan a trip to Thailand

I remember you mentioned that you and your friends were planning a trip.
This website is offered by the Tourism Authority of Thailand.  I took a look
at it, and thought that it was good.  I would even use it to lure my
boyfriend to visit home with me next year.

Virawan

http://www.tat.or.th/index2.html


David:  Attached is an example of the "tainted swaption".  I'd really like to
focus on the dates (Trade, Effective, Exercise).  Looking forward to call in
the morning.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/12/2000
07:46 PM ---------------------------

	Enron North America Corp.

	From:  Jarrod Cyprow                           04/11/2000 01:23 PM

To: Sara Shackleton/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT
cc:
Subject: Kellogg

I have attached the Confirmation for Kellogg. Please check the language in
the additional provisions section to make sure it says what it needs to.

Sara, the expiration date is May 15, 2000 and the effective date is April 1,
2000. Is that going to present a problem?

Thank you,

Jarrod


OK, no problem.

Thanks.

 -----Original Message-----
From: 	Johnson, Pat
Sent:	Wednesday, September 26, 2001 3:07 PM
To:	Davis, Dana
Subject:	RE: Hanson

Hey, Dana -

No rush at all.  You can send it interoffice if you like. (EB 3339E)
Early next week would even be okay - I just wanted to make sure we had gotten it this month (since it apparently got lost en route to us last month).

Thanks!

 -----Original Message-----
From: 	Davis, Dana
Sent:	Wednesday, September 26, 2001 3:04 PM
To:	Barta, Tammy
Cc:	Johnson, Pat
Subject:	RE: Hanson

OK.  Pat how fast do you need it?

 -----Original Message-----
From: 	Barta, Tammy
Sent:	Wednesday, September 26, 2001 2:46 PM
To:	Davis, Dana
Cc:	Johnson, Pat
Subject:	FW: Hanson

Dana,
Please make a copy of the Hanson deposit for Pat.

Pat,
We are just depositing it today.  Sorry, I got the check during my budget blitz and forgot to tell you.

Thanks,
Tammy
 -----Original Message-----
From: 	Johnson, Pat
Sent:	Wednesday, September 26, 2001 2:42 PM
To:	Barta, Tammy
Subject:	Hanson

Hey, Tammy -

Have you seen a check from Hanson this month?  If so, can I get a copy?  And if not, I'll give 'em a call.

Thanks!

Pat Johnson
Enron North America
1400 Smith St, EB 3339E
Houston, TX  77002-7361
(713) 345-3369   Fax (713) 646-3640


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I got the info but wanted to know more about the preset programs.  The net
advertisement shows 20 preset programs, but the info I received only shows
4.  I also wanted to know what the display looked like.  The literature does
not show what the display  looks like.  I have what the 9.2 looks like but it
appears that the 9.6 is different.  Also how fast does this machine get to.
This machine has a 10 year warrenty.  Who will service this in Texas and If
for any reason treadmill by net ceases to exist, what are the conditions of
my warrenty.

On the preset programs can I just say I want to run X distance whether it is
a hill workout, time or what ever?

What is the maximum amount of time a workout can be programmed to?

Are there only 10 segments even in a user defined program?  If I wanted 20
intervals in an interval workout is that possible?   If I wanted to run for
an hour, does each segment have to be 6 minutes?

Tom Donohoe


1. Alberta PPA - Transmission Cost Responsibility Hearing

Enron is leading a coalition of 5 PPA Buyers that successfully advocated the AEUB to convene a process/hearing (the convening of which was opposed by the PPA Owners) to consider the proposal by the Transmission Administrator to apply transmission charges to PPA Buyers for transmission capacity that solely accrues to the financial benefit of PPA Owners.  One week of hearings were held in spring 2001 with the hearing scheduled to be completed in November 2001.  Value to Enron Canada if we prevail at hearing is approximately $Cdn 60 million.

2. Alberta PPA - Alberta Government Agreement to Split Enron's Sundance B PPA in Two PPAs

Government Affairs successfully lobbied Alberta Energy officials and Minister of Energy to agree to approve regulatory changes necessary to allow for the split of Enron's PPA into two PPAs despite one of the fundamental elements of the original PPA model was that the PPAs would be very large and not divisible.  This is important as the whole PPA represents 706 MW and is likely too large for Enron to sell as a whole but a PPA of 303 MW is much more marketable to potential Enron counter parties.  Value to Enron Canada if one-half PPA is sold is projected to be approximately $Cdn 50 million.

3. Alberta PPA - Opposition to Wabamun Water Treatment Plant Expansion

Government Affairs in conjunction with legal group has achieved "effected person" status in relation to an application by TransAlta (Enron's PPA Owner counterparty) to undertake an expansion to the Wabamun Water Treatment Plant.  The objective is to position Enron to resist future attempts by TransAlta to pass through the cost of this expansion to Enron.  Value to Enron Canada if we succeed is project to be approximately $Cdn 2 million.

4. Alberta - Appointment to Key Government/Industry Committees

Enron Government Affairs staff are presently members of each of the key committees in Alberta responsible for providing advice to Government and/or its appointed agents (Power Pool, TA, AEUB) on electricity market design issues, including: Advisory Committee, Power Pool Operations Committee, AEUB Electric Reliability Task Force, Industry Structure Review Consultant Selection Committee, Retail Issues Committee, IPPSA Board of Directors.  Value to Enron not quantifiable.

5.  Alberta - Enron Direct

Enron Government Affairs provided extensive support to Enron Direct in undertaking media/government launch of Enron Direct in Alberta is presently assisting Enron Direct in determining rules and requirements to expand its service offerings to B.C. natural gas market and AltaGas Utilities service territory in Alberta.  Enron Government affairs is also advocating against discriminatory exit fees proposed by Atco Gas.  Value to Enron not quantifiable.

6. Ontario - Electricity Market Opening - continue to advocate Ontario electricity market opening.

7. Ontario - Enron Direct - support for the establishment of Enron Direct's business in Ontario, including the applicable rules, licensing, and development of business procedures and forms of contract to be used.


The buy and sale should net out, nothing to be billed to paid to TGLO.  The
volumes should be the same on both sides.  Whoever backs up Tom should
reallocate in POPS to make this happen.

We had to show a buy/sale in order to schedule the delivery to TGLO on a
third party pipe.

D

Katherine Herrera@ENRON
11/17/2000 04:30 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Megan Parker/Corp/Enron@ENRON, Julie Meyers/HOU/ECT@ECT, Tom
Acton/Corp/Enron@ENRON
Subject: TX Gen Land Office Oct 2000 Prod

Daren-
Deal # 421859 Sales
Deal # 421847 Purchase

Settlements is showing both a sales and purchase for Texas General Land
Office and they are stating that they should not be billed or paid for
anything.
Are these deals suppose to be a washout and netted together?

 If so, the volumes are not matching: the sales on HPL are 7,440 mmbtus on
deal #421859 and the purchase on MidTX is 6,629 mmbtus.
Let me know what type of deal this was intended to be.

FYI
I was told that Tom Acton was handling this deal, but I believe he will be
out until after Thanksgiving.


John,

What about Thursday, 10:30 a.m.? I have just come back from Europe
last night and I am trying to organize my schedule for the next few days.

My phone number is 713 853 3848.

Vince

"John D. Martin" <J_Martin@baylor.edu> on 09/22/2000 01:57:47 PM
To: vkamins@enron.com
cc:
Subject: Hello Vince

Vince,

Can I call you Tuesday morning about our writing project?  I have to be in
Austin for a dental appointment on Monday at noon and that will probably
wipe out the day.  Give me a time and number where I can reach you.

John

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


Part 1 of 3

Jerry Scarbrough's True Orange Newsletter
The Newsletter for the True Texas Longhorn Faithful

Volume 11, No. 19, July 30, 2001

 Longhorns Enter Fall Football Workouts
With Lofty Ranking, but Several Problem Areas

Coach Mack Brown, speaking at the annual Big 12 football coaches and media
meeting in Dallas Friday, cited "three primary areas of concern heading into
this season."
He also scoffed at pre-season polls, which have UT high in the top 10,
saying, "The only polls that matter are the ones at the end of the season."
Offensively, he said, "We do not have a tailback who stepped out (during the
spring) and showed he is ready to start."
On defense, Brown said, "Casey Hampton and Shaun Rogers were great players at
defensive tackle last year. Casey was a first-round draft choice and Shaun
would have been if he had been healthy. Replacing them  is a real concern."
On special teams, he cited the departure of Kris Stockton, who handled all
the kicking duties last season, and said developing a good kicking game will
be a key to having a succesfful season.
The freshmen report next Monday (August 6) and the varsity on August 9 (a
full practice schedule is on page 3).
My view is that the first two problem areas he mentioned are minor ones
compared to the place-kicking woes.
In the spring, the tailbacks looked solid, if not spectacular, and, with
super recruit Cedric Benson coming in to bolster that spot, it shouldn't be a
lingering problem.
At defensive tackle, sophomore Marcus Tubbs started three games last season
when Rogers' sore ankle limited his availability, and he played extensively
in all 12 games.
Tubbs had 5.5 sacks and 10 other tackles for losses and showed great promise
for the future.
He and most of the other defensive tackles are smaller and quicker than
Hampton and Rogers, which should help the front four show a lot of
improvement in pass rushing.
The tackles this year won't be as good against the run as Hampton and Rogers,
who were run-stoppers deluxe, but they will be pretty good at it, and, lets
face it, the best teams on the UT regular-season schedule are geared to
passing.
So two of the three problem areas Brown cited probably can be handled without
much difficulty.
But let's hope some of the walk-on kickers the UT staff rounded up after the
spring problems surfaced can kick field goals.
If they can't, and if this team is as good as it has a chance to be, Brown
could find himself in the same boat as Florida State coach Bobby Bowden, who
lost a couple of national championships in the 1990s because he didn't have
guys who could make a chip-shot field goal when the game was on the line.
I haven't seen any of the walk-on kickers in action, so I'll report on them
in depth in my next newsletter. They are supposed to be pretty good, and they
will need to be.
Brown said the Longhorns will have more experience this year and that will
help the team.
"We've had a lot of participation in the voluntary workouts this summer,
probably the most we've had," he said. "There is more excitement and maturity
on the team and that's always a positive."
When asked if he thinks there is a lot of pressure on him this year, he said
he wants a job where there is pressure because that means people want to win,
but he said some folks are chronic gripers.
"My wife told me when we first got married 10 years ago that if you look at
the gripers that are negative people, they probably griped about the meal
they had for lunch, they didn't like the last movie they saw, and they're mad
at their wife before they get home. So they're just mad at me."
"I don't worry about those folks. I figure when you're selling 55,000 season
tickets and 66 luxury suites and you've sold out 13 straight at home,
somebody's happy."

900 Number Updated Daily

I update my 900 number nearly every day with football and football recruiting
news. The number is 1-900-288-8839. It costs $1.59 a minute. You must be 18
or older to call.

My Big 12 Picks

I think this is the year the Big 12's Southern Division really becomes a
dominant force.
So, instead of picking the Southern and Northern Divisions, I'm going to pick
the way I think the Big 12 shapes up, from top to bottom, as a single entity.
Here goes:
1. Texas                7. Texas A&M
2. Oklahoma         8. Iowa State
3. Nebraska         9. Missouri
4. Kansas State     10. Oklahoma State
5. Colorado         11. Kansas
6. Texas Tech           12. Baylor
Obviously, the way I picked them means I think the winner of the
Texas-Oklahoma showdown in Dallas on Oct. 6 will win the whole thing.

Big 12 Coaches Give OU Edge

The Big 12 coaches picked Oklahoma to edge Texas in the South and Nebraska to
nose out Kansas State in the North.
Since they picked Texas last year and the Sooners won the national title,
let's hope what goes around comes around.
The vote was really close in the South, with the Sooners nipping the Horns,
6-5, with Texas coach Mack Brown abstaining.
Brown says he isn't going to get caught up in pre-season hype this year
because it doesn't make sense to try to predict how a team will do when it
hasn't even started practicing.
The media picked a pre-season All-Big 12 Team and it included four Longhorns
on the first team. They are senior OT Mike Williams, sophomore WR Roy
Williams, junior DE Cory Redding and senior CB Quentin Jammer.
Nebraska QB Eric Crouch was chosen the top pre-season offensive player and
Oklahoma LB Rocky Calmus won the defensive honors.

McClintock Undergoes Surgery

DE O. J. McClintock was released from the hospital Saturday after undergoing
emergency surgery Friday to repair what UT trainer Tom McVan said was
"significant damage to muscles and tendons in his right arm."
McClintock, a 6-2, 250-pound junior, said Sunday he suffered some pretty deep
cuts when a relative stumbled and he rammed his hand and arm through a window
trying to grab the relative and keep him from falling.
"I've got to do some rehabilitation for my hand," he said Sunday. "The
doctors told me I could start working out again in three or four weeks and,
if I miss any games, it shouldn't be more than the first one or two."
The Longhorns were already thin at defensive end, and they could be
critically short if McClintock is out for a significant period of time.
"It's very unfortunate that O. J. was injured," said head coach Mack Brown.
"He did a tremendous job making the transition to defensive end (from
linebacker) in the spring and is a guy we have high hopes for this season."
If McClintock's injury is serious enough to cause him to miss part of the
season, it will leave Texas with only senior Jermain Anderson and incoming
freshman Lance McFarland to back up starters Kalen Thornton and Cory Redding.
Another DE, Adam McConathy, was granted a release to transfer earlier. He
said he wanted to go to a school where he has a better chance to log some
playing time.
If the injury does cost McClintock significant playing time, the coaches will
make some moves to provide more depth. Incoming freshman Eric Hall, who had
been ticketed forfullback, would be a good candidate for a switch to
defensive end.

Mack Brown Notes, Quotes. .

Coach Mack Brown, speaking at the Big 12 coaches' meeting in Dallas Friday,
said the Longhorns "can be really, really good but we've got to do a better
job day to day and week to week. We had three games we let get away last
year. Our goal is always to win every game we play."
He also  said the coaches and players "are proud that our team is being
looked at" as one of the best in the country in the pre-season, but then he
said "pre-season rankings mean absolutely nothing. We have to go out and take
care of business."
He also downplayed expectations for heralded running back recruit Cedric
Benson, saying, "We're not sure if freshmen will be involved in major roles
as early as they have."
"Hopefully," he said, "we can let a freshman grow into it instead of just
throwing him out there."
But he also said the coaches plan to play the best players at each position.
If Benson lives up to all the hype and if none of the other tailbacks emerge
quickly, I think he'll play and play a lot early in the season.

Dollars and More Dollars

Texas and Nebraska far outdistance the other teams in the Big 12 when it
comes to raising and spending money.
The Collegiate Financial Service of Madison, Wis., compiles budget total
every year and here are the most recent ones for all 12 conference members:
1. Texas            $42,212,472
2. Nebraska             $41,206,201
3. Oklahoma         $27,463,682
4. Colorado             $27,293,883
5. Texas A&M        $26,091,278
6. Kansas               $22,211,690
7. Kansas State         $20,347,617
8. Texas Tech           $19,981,852
9. Missouri             $19,945,025
10. Oklahoma State      $18,862,474
11. Iowa State          $18,695,912
12. Baylor              $18,553,621


[IMAGE]

                                                                            	  E  Source teleconferences on retail markets and industry  restructuring  Join us for two informative  teleconferences designed to help you respond to highly volatile retail  energy markets and shifting corporate imperatives.   Please forward this e-mail  to colleagues in other departments who might be interested in  participating. Sign up by replying to this e-mail with the appropriate  information completed below.   "Creating a Vibrant Retail Electricity Market"   Tuesday, October 30, 2001, at 10 am (MST), 12 noon  (EST)  What key findings have  marketing practitioners and restructuring architects gleaned from retail  energy markets that have opened to date? If currently closed markets are  to open successfully, what critical elements must be in place? Which  stumbling blocks need to be removed? E Source has convened a panel of  experienced players to distill what can be learned from recently opened  markets and offer advice for incorporating these lessons into your  strategic and marketing planning. The panel will  include:   [IMAGE]       Karen O'Neill, Vice  President of New Markets, Green Mountain  Energy               [IMAGE]       John Hanger, CEO of  Penn Future and former Commissioner with the Pennsylvania Public  Utility Commission               [IMAGE]       Joe Douglas, Marketing  Manager with npower direct, one of the largest retail energy  suppliers in the United Kingdom                "Is it  Possible to Restructure Retail Electric Markets?" Tuesday, November 6,  2001, at 10 am (MST), 12 Noon (EST)  The catastrophic failure of  California's restructuring efforts, coupled with extremely low switching  rates in overseas and various U.S. state markets, raises anew the debate  over whether it is even possible to restructure retail electric markets.  Is there something fundamentally different about electric markets that  render them impossible to open? Over the past quarter-century, numerous  once-regulated industries, such as financial services, airlines, and  telecommunications, have been successfully restructured. Why is  electricity an outlier? Will it change?  Two distinguished industry  analysts, Ken Malloy, CEO of  the Center for the Advancement of Energy Markets and publisher of the RED  Index, and Dr. Mark Cooper,  Director of Research for Consumer Federation of America, will debate two  interrelated propositions:   1. All retail customers  should be required to choose a new energy supplier.  2. Non-commodity  products--such as demand-side management, distributed generation, green  power, and combined heat and power--will penetrate faster and more deeply  in open retail markets than they would under the continuation of  traditional regulation.   To Register Registration fee is  $50 for each dial-in connection for companies that are not members of E  Source. To register, contact our customer response team at 800-424-2908 or  720-548-5700. Or complete the form below and e-mail it to:custserv@ftenergy.com .  To  register via this e-mail, please hit the "reply" button in your e-mail  program, and then type an "X" next to the title of the teleconference(s)  you wish to attend.  Yes, I'd like to register  for the teleconferences selected below: _____"How to Create a Vibrant  Retail Energy Market" When: Tuesday, Oct. 30, 2001, at 10 am  (Mountain), 12 noon (Eastern)  _____"Can Retail Electric  Markets be Restructured?" When: Tuesday, Nov. 6, 2001, at 10 am  (Mountain), 12 noon (Eastern)  Name: Title: Company: Address: E-mail: Phone: Fax:    Payment  Information Credit Card  Number: Expiration Date: Name on Card: Address, if different from  above:  Recordings  Available If your schedule does not  allow you to participate in these events, a compact disc recording of each  teleconference will be available for purchase within one week of each  event. Please contact our customer response team at 720-548-5700 for more  information.  If you wish to unsubscribe  from this Platts promotion, click  here  and type UNSUBSCRIBE in the subject line, then  send.  [IMAGE]


Do we have anything that could help them?
---------------------- Forwarded by Shona Wilson/NA/Enron on 12/04/2000 03:23
PM ---------------------------
To: Debbie R Brackett/HOU/ECT@ECT, Stephen Stock/HOU/ECT@ECT
cc: Jitendra Patel/Market Risk Management/LON/ECT@ECT, James New/LON/ECT@ECT,
Shona Wilson/NA/Enron@Enron, Ted Murphy/HOU/ECT@ECT

Subject: Status update on the issues surrounding Continental Power
volatilities and correlations

FYI

This relates to the quality of the upstream risk systems and Continental
Power's ability to get its risk system in order. To summarise:

option products valued incorrectly in Enpower and not using a volatility curve
no ability to produce vega and gamma sensitivities for a portfolio
incorporating options

Steve - what is the valuation routine used in Houston for power options - I
would like to see it if possible ?

Shona - we ought to examine these valuation methods to ensure we are happy.

DP
---------------------- Forwarded by David Port/Market Risk/Corp/Enron on
12/04/2000 01:54 PM ---------------------------

James New@ECT
11/28/2000 07:42 AM
To: Ted Murphy/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON
cc: Mike Jordan/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT

Subject: Status update on the issues surrounding Continental Power
volatilities and correlations

As you know for some time we have been trying to get the Continental Power
traders to increase the volatilities they use for valuing their option
portfolio and for use in calculating their VAR as it has been obvious that
the market  has become more volatile but this was not being reflected in
their mark.

In looking at the impacts of this, various other issues came to light.
Firstly it raised issues over the correlation matrix used in the VAR model as
this was way out of date. We have worked with Jitendra and have now put in a
matrix that both the traders, risk and RAC are happy with. Secondly, as you
may be aware, in Portcalc swaptions currently use the volatility input on the
deal ticket and not off any volatility curve.

The current portfolio is 90% swaptions and so this represents a serious issue
for us in that it is not practical to manually change all the volatilities at
the deal ticket level every time the implied voaltilities change. We cannot
use the option functionality as this only values hourly or daily exercise
options and not fixed expiry swaptions or options. We also have not found any
way in Portcalc of valuing Asian options so we are having to 'force' in the
few we have. We have had the Houston based Portcalc IT team work on a 'new'
piece of swaption valuation code but currently it contains a number of
worrying bugs. These are primarily that the proposed code does not take the
correct underlying forward price and uses the volatility of (approximating)
the last day of the underlying rather than the implied volatility of the
underlying.

They are currently being hampered in that they do not have any IT personnel
who have sufficient option knowledge (I understand that the two most
experienced coders resigned to go to another Houston based energy company).
This is extremely worrying and I find it hard to believe that the whole of
Enron's power business is having to use the methodology of inputting the
volatility at the deal ticket level. This will almost certainly mean that
different volatilities are being used in the VAR as are being used to value
the swaption portfolio globally. As well as these issues we have concerns
over the use and accuracy of the smile adjustment in Portcalc (worryingly it
does not seem that you can 'switch' this off). Briefly it seems that Portcalc
calculates the delta used to adjust the volatility by comparing the strike
price to the forward price of the last day of the underlying rather than the
forward price of the underlying itself.

We have engaged London based  IT and are looking at the code we have used in
Power 99 to se if there is a way we can get something done quickly to start
to value all option products off a curve and to be able to book Asian options.

Once we get the above resolved we still have no way or extracting the vega or
gamma risk from Portcalc in it's current state as the information is just no
there (so we are told by IT). The system 'seems' (we cannot be 100% sure
given all the other errors) to produce a vega and gamma P&L number but what
the risk is remains a mystery. Again this is very worrying in that we have
Power option traders all over the world who can't get their underlying vega
or gamma risk position from the global valuation system. We are trying to
work on something manual to draw a line in the sand but I would really like
to know how the American based traders cope as they have this problem
(knowingly or not)  for years. What sign offs were gained for the
implementation of Enpower because it seems to us that using the current
system it is not possible to comply with the Global Risk policy. How do we
validate the inputs to the valuation if we do not know the risk ?

Despite the above we have now persuaded the traders to save out newer higher
volatilities a week ago and you should have seen a large move up in their
VAR. However, as it stands at the moment they are notable to save out a daily
remark as Jitendra is saying that he is not happy with their 'model' / vol
curve generator (I have today asked for a full explanation, details of any
testing etc etc and time lines so we can move to getting over this hurdle).
The swaptions have also not yet had the ticket volatility changed but the
impacts are expected to be positive as we are long volatility.

I would appreciate your comments on the above as it seems that we are pushing
the boundaries here on areas which we really expect to have already been
covered in Houston some time ago and could do with some help. We are having
to use a system which seems to us to have numerous bugs and short comings and
are having to spend an enormous amount of IT time overcoming the inadequacies
of Enpower wich I do not think most people are aware of. Consequently we have
not been able to deliver all the improvements we were required to do in
gaining the increased limits so 3 months ago but I would hope you agree that
it is not for a lack of trying.

Sorry it's so long but if there are any questions or any perceived
inaccuracies in any of the above then please let me know.

James


Michael, I think Monday will be fine.

	Enron Energy Services

	From:  Michael Mann @ EES                           08/09/2000 09:43 PM
	Phone No: 609.252.0907

To: Kenneth Lay/Corp/Enron@ENRON
cc: Leticia Smith/HOU/EES@EES
Subject: Re: Owens-Illinois Meeting

Thank you, Rosalee.  I will be forwarding to you Monday, a briefing package
that will provide Mr. Lay with background on the proposed transaction, the
client and client representatives.   Please let Lety Smith, who is my
administrative support (ext 36562) know if Mr. Lay will need it sooner.
Lety will page me in the field to make alternative arrangements.

Michael Mann

Kenneth Lay@ENRON on 08/09/2000 02:24:39 PM
Sent by: Rosalee Fleming@ENRON
To: Michael Mann/HOU/EES@EES
cc:
Subject: Re: Owens-Illinois Meeting

Michael, in case you need Ken's bio, I am attaching it for your use.

Rosalee

	Enron Energy Services

	From:  Michael Mann @ EES                           08/08/2000 09:12 PM
	Phone No: 609.252.0907

To: Thomas E White/HOU/EES@EES, Kenneth Lay/Corp/Enron
cc: Harold G Buchanan/HOU/EES, Lou Pai, Jeremy Blachman, Mark Peterson, Julie
Davidson/HOU/EES, Judy G Smith/HOU/EES@EES
Subject: Owens-Illinois Meeting

We have confirmed a meeting to introduce you to Tom Young, EVP (and member,
O-I Board of Directors) and members of his management team at O-I
Headquarters next Tuesday, 8/15 at 11:30 am.  We have 90 minutes, Mr. Young
will be hosting us to lunch during our meeting.  Joe Lemieux, CEO, is
unavailable only because his calendar just didn't match up with your near
term available dates.  My strong bias is that the sooner we have an
opportunity to connect at the top the better, especially given our drive to
close in Q-3.

In addition to coordinating logistics, I will get briefing packets to your
offices Monday describing the proposed transaction, deal related issues
(details are not likely to come up during the meeting), key O-I personnel
bios, and general information about O-I and its current business, including
summary outside financial analysis.

Regards,
Michael


2001 Public Service Company of Colorado
          Shipper Meeting --- October 16, 2001

                                   Agenda

TIME:			PRESENTOR:		TOPIC:

8:00 - 8:30		BREAKFAST

9:00 - 9:10		Don Basler		Welcome and Introduction

9:15 - 9:45		Lori Van West		New Tariff Filing

9:50 - 10:10		Curt Dallinger		Gas Control Issues

10:15 - 10:30		BREAK

10:30 - 10:50		Monica Nedbalski	Operational Flow Orders

10:55 - 11:15		David Briggs		Aggregate Balancing

11:20 - 11:40		Lori Van West		Miscellaneous

11:45 - 12:00		Don Basler		Questions

NOTE: Dress is Business Casual

NOTE: Public Service Company (PSCo) will be closed for nominations & confirmations on Tuesday October 16, 2001. The following nomination/confirmation schedule will be in place for the upcoming closure.
Nominations for October 16TH & 17TH due via EBB or Fax by 10:30 AM (MST) Monday, October 15TH
If you have any questions regarding this schedule, please contact your Transportation Specialist.

Mark your calendars to attend PSCo's Fall Shipper Meeting, scheduled to begin at 9 AM, ending at noon, Tuesday, October 16TH. A full breakfast will be served beginning at 8:30 AM. The meeting has moved to:
The Denver Athletic Club
4TH Floor Ball Room
1325 Glenarm Place
Denver, CO 80204

Shipper Meeting Topics: The meeting will review procedures and information related to existing and proposed new changes concerning PSCo's gas transportation services. Topics will include:
Operational Flow Orders
New tariff filing addressing credit, other issues
Aggregate Balancing service that will be available shortly

Workshops: In addition to the Shipper meeting, PSCo will also be hosting a series of workshops beginning in November, designed to dig down into the specific details of Aggregate Balancing. We recommend these workshops for schedulers, and Marketers interested in understanding the details surrounding Aggregate Balancing platforms. Information concerning workshop dates and registration will be posted within the next two weeks.

To Register for Shipper Meeting: Please let us know if you plan to attend the October 16 Shipper Meeting so we can ensure adequate materials are on hand.
To register, please fax the following information to Marilyn Arrick at (303) 571-7001, or e-mail Marilyn at marilyn.arrick@xcelenergy.com.
You can also contact Marilyn at (303) 571-7719 if you have any questions concerning the meeting.
Participant Name:
Company:
Mailing Address:
Telephone:
e-mail address:
 If you would like to pre-submit any questions to addressed during the meeting, please complete the following:
Questions:

David Briggs - Xcel Energy
Project Administrator
Certified Web Designer
Phone: (303) 571-7812
    Fax: (303) 571-7001
 Email: David.Briggs@Xcelenergy.Com


Many of you have friends who are no longer with the company, so we wanted to provide you an overview of continuing efforts to assist Enron's former employees.

CAREER SERVICES
Last December Enron established a website to assist former employees identify jobs in Houston and throughout the United States.  Only former Enron employees and potential employers can access the site, http://careerservices.enron.com/

On this site, former employees can:
	? Post their resumes for approved employers to view
	? View job postings
	? Receive updates and information on career and community services available to them
As of January 25, 2002:
	? More than 1,300 companies had been approved to view resumes
	? Company recruiters had logged on more than 3,500 times to search for candidates
	? More than 600 jobs had been posted on the site

FINANCIAL ASSISTANCE
The Greater Houston Community Foundation
The Greater Houston Community Foundation (GHCF), in collaboration with the United Way of the Texas Gulf Coast, the Houston Area Urban League, Crisis Intervention of Houston, and Career and Recovery Resources, have established a fund to provide dedicated support for former Enron employees.  GHCF offers former employees counseling services and helps them work with mortgage companies, landlords and utilities to defer monthly bills while they are out of work.   If you are interested in making a tax-deductible donation to the GHCF, please call 713-268-6458 or mail donations to GHCF at 4550 Post Oak Place, Suite 317, Houston, TX  77027.  Checks should be made payable to Greater Houston Community Foundation and designated for the Enron Employee Transition Fund.  To receive assistance, former employees can call 713-533-4598, or outside Houston, 1-800-493-4598.  Lines are open 24 hours a day, seven days a week.

Enron Ex-Employee Relief Fund Account
A former employee has established the Enron Ex-Employee Relief Fund Account at the Humble Community Bank.  Visit the website at <http://www.eerfa.com> for more information or to make a donation.  Former employees can submit grant requests to eerfarequest@surfmk.com.

MDPC Transitional Assistance Program
Memorial Drive Presbyterian Church has created a Transitional Assistance Program open to both members and non-members who need assistance re-entering the workforce.  Right Management Consultants offers a series of two-day workshops for former employees on topics such as Career Assessment and Evaluation, Job Search Communication and Managing in a Time of Change.  Requests for limited and discretionary short-term financial assistance will be accepted from those who have participated in this program.  MDPC will offer a holistic approach to re-entering the workforce including family counseling and stress management. For more information, contact Memorial Drive Presbyterian Church at 713-953-2550, ext 180.


FEBRUARY 4:
?	Former Enron Chairman Lay withdraws from hearings
<http://www.chron.com/cs/CDA/story.hts/special/enron/1239080>
?	Ex-workers let down as Lay alters his plans
<http://www.chron.com/cs/CDA/story.hts/special/enron/1239043>
?	Text of withdrawal letter
<http://www.chron.com/cs/CDA/story.hts/special/enron/1239042>
?	Enron debacle forces sharper focus on company audit committees
http://www.chron.com/cs/CDA/story.hts/special/enron/1238948>
?	Bentsen heads roundtable session with ex-Enron workers
<http://www.chron.com/cs/CDA/story.hts/special/enron/1239081>
?	Jackson seeks support for ex-Enron staffers
<http://www.chron.com/cs/CDA/story.hts/special/enron/1239073>
?	Volcker to lead panel offering changes in auditor's practices
<http://www.chron.com/cs/CDA/story.hts/special/enron/1239055>

FEBRUARY 3:
?	Enron internal report blasts managers on partnerships
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238324>
?	Debate continues over disclosure of Bush White House energy meeting
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238759>
?	Fastow, Kopper to take 5th, lawmaker says
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238725>
?	Enron's collapse haunts World Economic Forum
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238720>
?	Some ex-Enron employees plan to be watching
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238719>
?	Andersen hiring ex-Fed chairman for oversight board
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238718>
?	The rise of Ken Lay as dramatic as his fall
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238307>
?	Live coverage of Lay's scheduled hearings changing
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237172>
?	Barry: Explaining the Enron collapse through simple financial term
<http://www.chron.com/cs/CDA/story.hts/special/enron/1233584>
?	Enron's failures rippling
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237230>
?	Former Enron Chairman Lay withdraws from hearings
<http://www.chron.com/cs/CDA/story.hts/special/enron/1238799>

FEBRUARY 2:
?	Justice Dept. tells White House to preserve Enron documents
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237481>
?	Lay: Corporate father figure-turned-condemned business titan
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237933>
?	Bush's 401(k) plans met with criticism from Enron workers
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237402>
?	Enron allegations too vague for his staff to probe, DA says
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237473>
?	Lay's influence seen in interview
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237472>
?	Lay's son, sister profited from dealings with Enron
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237423>
?	Sports authority repays ballpark loan
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237422>
?	Enron executives' image slips in new poll
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237413>
?	Trade group says it no longer opposes limits on consulting
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237407>
?	Congressmen cry foul in Enron's self-investigation
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237367>
?	Enron Briefs
<http://www.chron.com/cs/CDA/story.hts/special/enron/1237419>


Hey,

If you want to email me back before Monday, you can email me at
susan_m_scott@hotmail.com

That way I can read your reaction even though I won't be at work.

Talk to you soon,

Sue


Jeff - Thank you for the comprehensive coverage.

I know you have a lot going on, with many to communicate with / to.  If you
could, please add Jeff Messina/HOU/EES, Douglas Huth/HOU/EES, Richard
Leibert/HOU/EES, to your distribution lists.

Thank you again - Dan

From: Jeff Dasovich@ENRON on 12/27/2000 08:57 PM
Sent by: Jeff Dasovich@ENRON
To: Roger Yang/SFO/EES@EES, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Harry
Kingerski/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT
cc: Beverly Aden/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Christina Liscano/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy Youngblood/HOU/ECT@ECT,
Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika
Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W
Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES, James W Lewis/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Jess Hewitt/HOU/EES@EES, Kathy Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES,
Leticia Botello/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES,
Paula Warren/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Rosalinda Tijerina/HOU/EES@EES, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT
Subject: Update--Day 1 of California PUC Hearings

Thanks Roger.  Here are the highlights of today's hearings:

 Common themes--many tracked ours pretty closely
Not a question of whether rates need to rise, but by how much.
Though some oppose any and all rate increases, the lion's share acknowledged
that the utilities have a cash flow problem and the a rate increase is
necessary.
Due process matters.
If the Commission is thinking about going as far as ending rate freezes and
increasing rates, it better provide for ample due process, or countless law
suits will ensue.
Don't jump the gun.
A rate increase is likely, but only the utilities benefit from adoption of
the utilities' proposals. The Commission needs to carefully scrutinize the
utilities' claims and take a careful look at the level of increase required
to maintain access to capital markets.  However, as expected, the utilities
implored the Commission to jump the gun immediately.  The utilities want the
Commission to declare an end to the rate freeze and raise rates on Jan.4.
No more divestiture.
The utility should keep the generating assets it retained, but the Commission
should ensure that the assets' benefits are allocated equally among all
customers.  One legislator recommended that the State buy the utilities'
hydro assets, which would give the utilities the cash they need and give the
state control over some generation.
Treat all customers equally and fairly.
The Commission should not create two classes of customers (e.g., large v.
small; direct access v. bundled).  No customer group should be sacrificied to
save another.
Be as narrow as possible/do as little harm as possible
The immediate problem is the utility's cash/credit crunch.  As such, the
Commission should do only enough to solve this very specific, immediate
problem.  A modest rate increase is all that's required and the Commission
should do no more.

At the beginning and the end of the hearing, the President of the Commission
asked parties to be prepared (at tomorrow's hearing) to discuss whether the
Commission could legally use its other, broad powers to raise rates without
declaring an end to the rate freeze.  It seems that she seems some benefit in
raising rates, but leaving AB 1890 otherwise intact untill the Commission can

Marketers and generators are to blame for the problem
Though not universally embraced, the theme came up repeatedly.

A few parties (e.g., the Unions, low income consumer groups, one PUC
commissioner) called for complete re-regulation of the industry, returning
the utilities to vertically integrated monopolies.  But they were the
exception rather than the rule at today's hearing.

2. Next steps
There hearings were scheduled to end on Thursay, but now will continue
through Friday.
Tomorrow, lawyers will provide "oral" arguments on whether the Commission
must end the rate freeze in order to increase rates.  We will argue that it
does not have to, and should not, go through the complex and controversial
exercise of determing whether the rate freeze is over between now and
01.04.01.  We will argue that the Commission has the authority to raise rates
without ending the rate freeze, and if it decides to raise rates, it should
do so while keeping AB 1890's basic structure in place until a full and fair
hearing of the issues is completed.   We are talking to other stakeholders to
persuade them to take the same approach.  In terms of legal arguments, this
is clearly a long shot, but one that seems worth taking.
After the oral argument, the utilities will present their rate proposals and
"all interested persons" will have the opportunity to cross-examine the
utilities (in short, tomorrow will also be a zoo).
When asked what the process will be for issuing a proposed decision and
providing comments, the President of the Commission responded "we don't know,
it's evolving."  In other words, the Commission is doing a poor job of
ensuring that their Jan 4 decision is "appeal-proof."
Keep in mind that the situation remains extremely fluid and the trend is
still toward ending the rate freeze on Jan. 4th.  We continue to aggressively
offer alternatives to that possibility and continue to try to bring other
stakeholders to our side.
We're doing everything necessary to preserve our appeal rights.

We can discuss further on the 10 AM (CST) call tomorrow.

Best,
Jeff

	Roger Yang@EES
	12/27/2000 05:43 PM

		 To: Leticia Botello/HOU/EES@EES
		 cc: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy
Bass/HOU/EES@EES, Rosalinda Tijerina/HOU/EES@EES, Debora
Whitehead/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Christina
Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Rita
Hennessy/NA/Enron@Enron, Brenda Barreda/HOU/EES@EES, Marsha
Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Cathy
Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Tanya
Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Ginger
Dernehl/NA/Enron@Enron, Dorothy Youngblood/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Fran Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
		 Subject: Re: Reminder - Level Setting Mtg-California Markets Focus Group
EB2868

Got an update from Jeff Dasovich.  No earth shattering news.  Comments have
been all over the place.  The impression is being made by differing parties
that the issues are very complex and would inevitably result in endless
lawsuits.  Possible conclusion by the CPUC may be to invoke emergency powers
to implement an emergency surcharge and avoid addressing the issue of when
the rate freeze ends in these hearings.  However, this is just speculation.
Jeff will return to the office by 5:00 pm PST and will send out a summary of
today's hearings.

Roger

Leticia Botello
12/27/2000 06:57 AM
To: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Roger Yang/SFO/EES@EES,
Richard Shapiro/NA/Enron@Enron
cc: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy Bass/HOU/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Leasa
Lopez/HOU/EES@EES, Christina Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Rita Hennessy/NA/Enron@Enron, Brenda
Barreda/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES,
Kathy Dodgen/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
Beverly Aden/HOU/EES@EES, Tanya Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES,
Wanda Curry/HOU/EES@EES, Ginger Dernehl/NA/Enron@Enron, Dorothy
Youngblood/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Fran
Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
Subject: Reminder - Level Setting Mtg-California Markets Focus Group EB2868

12/27/00

Time    Location Call In #  Pass Code

10:00 Central Standard Time  EB 2868  1-800-713-8600  80435

This is a recurring daily meeting until further notice  (this invitation will
schedule your calendar through 1/31/01).

Time, Call In #, and Pass Code are the same for all meetings.  Conference
room location will be changed as soon as possible to better accommodate the
participants.

Note:  Optional Invitees FYI Only

Please call me if you have any questions

Leticia

x-58752


Thanks Mike.? We shall make the additions you noted below.? SoCalGas (Eric
Nelson) will be providing testimony on retail unbundling for the utilities. I
agree with you that the mass- market retail parties should also include
complementary testimony.? Although we discussed this earlier, I did not
receive any firm commitments from the retail folks that they would sponsor
such testimony - it may be an oversight on my part.? Nonetheless, retail
testimony by those in the market should include a discussion of the benefits
from Greenmountain.com, Utility.com, CUB, REMAC and the others.? Might I
suggest that Enron, as a large mass-marketer itself, coordinate this effort
with the other retail partners ?

In addition, I want all settlement parties to look beyond testimony to the
hearings, which are scheduled to begin in little more than a month.? We will
need to make some time available during late May for practice panels
(assuming we are granted panel hearings) and individual practice
cross-examination.? At the same time, we also need to start thinking about
direct cross-examination of the SCGC/TURN parties (again, assuming we decide
to engage in full cross-examination of their settlement).? There is merit to
cross-examination of the opposing settlement since it is not very well
thought out, results in substantial cost-shifts, and is not consistent with
the Commission's most promising options.? On the other hand, there is merit
to limiting our cross, especially of Florio, who will use the witness box to
grandstand.? It's something to think about.

-----Original Message-----
From: MBD [mailto:MDay@GMSSR.com]
Sent: Tuesday, April 18, 2000 11:56 AM
To: 'Cherry, Brian - TPBKC'; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea,
Keith'; 'Pocta, R. Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder,
John'; 'Amirault, Paul'; 'Alexander, Michael'; 'Chancellor, Craig';
'Dingwall, B.'; 'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug';
'Rochman, Michael'; 'Counihan, Rick'; 'Bayless, David'; MBD; 'Paul,
Joe'; 'Jimison, John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Ramirez,
Jaime'; 'Black, Larry'; 'Gileau, Pat'; 'Johnson, Pamela'; 'How-Downing,
Lindsey'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Sullivan, Glen J.; Follett, B. David - TPDBF; Freeman, Kimberly;
Hubbard, Lisa J.; Angeles, Zenee G. - TPZGA; Schavrien, Lee; Reed,
William; Brill, Thomas R.; Van Lierop, Jan - TP2JXV; Smith, Anne S. -
TPASS; Harrigan, James P. - TP1JPH; Surak, Thomas M. - TP1TMS; Fair,
Pam; Sakarias, Wayne P.; Purves, Ralph A.; Fong, Ed; Angeles, Zenee G. -
TPZGA; Van Lierop, Jan - TP2JXV; Wright, Gillian - TP1GXW; Watson,
Steven - TP2SAW; Betonte, Robert - TP2RSB; Barker, David - TPDTB;
Peterson, Lorraine - TP1LMP; 'Martin Collette1'; 'Leitzinger, Jeff'
Subject: RE: May 5 Testimony Preparation GIR/NGS

Brian:
?
Thanks for your memo.? Let me add the following comments.? There should be a
chapter on the retail settlement with the key parties listed.? Tom Beach and
Vernon should be added to the chapter on impact on electric generators.? The
Core Interstate Unbundling section where you list TXU and Shell was, I
believe, originally supposed to include program benefits for the core
aggregators as well, and you should add Enron to the list for that Chapter.
Let me know if you concur with my recollection.? Thanks, Mike Day

-----Original Message-----
From: Cherry, Brian - TPBKC [mailto:BCherry@sempra.com]
Sent: Tuesday, April 18, 2000 11:17 AM
To: Cherry, Brian - TPBKC; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea,
Keith'; 'Pocta, R. Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder,
John'; 'Amirault, Paul'; 'Alexander, Michael'; 'Chancellor, Craig';
'Dingwall, B.'; 'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug';
'Rochman, Michael'; 'Counihan, Rick'; 'Bayless, David'; 'Day, Mike'; 'Paul,
Joe'; 'Jimison, John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Ramirez,
Jaime'; 'Black, Larry'; 'Gileau, Pat'; 'Johnson, Pamela'; 'How-Downing,
Lindsey'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Sullivan, Glen J.; Follett, B. David - TPDBF; Freeman, Kimberly; Hubbard,
Lisa J.; Angeles, Zenee G. - TPZGA; Schavrien, Lee; Reed, William; Brill,
Thomas R.; Van Lierop, Jan - TP2JXV; Smith, Anne S. - TPASS; Harrigan, James
P. - TP1JPH; Surak, Thomas M. - TP1TMS; Fair, Pam; Sakarias, Wayne P.;
Purves, Ralph A.; Fong, Ed; Angeles, Zenee G. - TPZGA; Van Lierop, Jan -
TP2JXV; Wright, Gillian - TP1GXW; Watson, Steven - TP2SAW; Betonte, Robert -
TP2RSB; Barker, David - TPDTB; Peterson, Lorraine - TP1LMP; 'Martin
Collette1'; 'Leitzinger, Jeff'
Subject: May 5 Testimony Preparation GIR/NGS

As you know, ALJ Biren has established May 5 as the date that testimony is
due in support of all settlements filed on April 3 and April 17.? While she
may offer additional guidance at the PHC on April 24, we need to start the
process of formalizing the testimony supporting the Comprehensive Settlement
Agreement.?
?
We have already identified the content and parties responsible for drafting
the testimony (as identified below).? The testimony will be based on a "hub
and spoke" approach, where SoCalGas will focus on the mechanics of
unbundling, describing in detail how the capacity and retail unbundling
process will work, with other parties filing testimony that complements
SoCalGas' testimony while offering the parties individual perspective on why
the settlement is in the public interest and benefits customers, the state
of California, mom and apple pie - you get the picture.? In addition, I
would like to suggest the following deadlines for getting testimony prepared
and circulated so that all of the signatories to the settlement agreement
have an opportunity to review and comment appropriately on the drafts.? I
suggest we adhere to the following schedule:
?
April 25? Draft Outlines of Testimony? (Optional)
April 28? 1st Draft Testimony
May 2??? 2nd Draft Testimony
May 5??? File Testimony w/Commission??????
?
I think that it is essential that we circulate the draft testimony twice so
that everyone knows what will be filed on the May 5.? The schedule is
compressed, but we have to operate within the time parameters we've been
given.?? The testimony assignments are identified below.? There has been one
change from what we had agreed to previously.? SoCalGas will sponsor a
witness on the "Concepts of Unbundling".? I would also like to suggest that
we file the testimony a one comprehensive document.?? I have suggested a
chapter-style format that might work, but I am open to suggestion.? Let me
know what you think.
?
?
Chapter 1??? SoCalGas??????????????????????? Concepts of Unbundling

Chapter 2??? SoCalGas??????????????????????? Mechanics of Unbundling -
Capacity???????????????????????
Chapter 3??? SoCalGas??????????????????????? Mechanics of Unbundling -
Retail

Chapter 4??? ORA??????????????????????????????? Unbundling Policy and Core
Impacts
Chapter 5??? WGS/WHP/Enron??????????? Transmission, Storage and Balancing
Chapter 6??? Edison/Calpine/Dynegy???? Pricing and Benefits to Electric
Generators??
Chapter 7??? TXU/Shell???????????????????????? Core Interstate Capacity
Unbundling????????????????????????????????
Chapter 8??? Transwestern??????????????????? Primary and Secondary Receipt
Point Access
Chapter 9??? Indicated Producers????????? Open Season and Impacts on
California Production
Chapter 10? Calpine??????????????????????????? Metering Program
?
?
?

?


Just a reminder about the info session for the Real Time position, scheduled
today in Mt. Hood at 11:00am!

If you are interested in this position, please remember to let Amy know by
close of business on Monday, April 23rd.

---------------------- Forwarded by Grace Rodriguez/PDX/ECT on 04/19/2001
07:51 AM ---------------------------

Amy FitzPatrick
04/17/2001 08:39 AM
To: Portland West Desk
cc:
Subject: Real Time Trading Opportunity!

A position has recently become available in the Real Time Trading group
reporting to Bill Williams.  Bill will be holding an information session on
Thursday, April 19, 2001 at 11:00 am in Mt Hood for anyone who would like to
learn more about this opportunity.  Interested candidates should let Amy
FitzPatrick know by close of business on Monday, April 23, 2001.

Real Time Trading
Real Time Trading is responsible for the physical and financial integrity of
prescheduled energy transactions.  This includes managing curtailed schedules
and preserving Enron,s financial rights with non-performing trading
counterparties.  The group is required to maintain records and update
databases that explain supply or market interruptions in order to minimize
customer billing dispute issues.

In addition, Real Time Trading is responsible for the hourly trading of
energy in the California ISO and bilateral markets.  Traders are expected to
initiate profitable trades while maintaining an acceptable amount of risk
exposure to the company.  The group is expected to know all settlements
requirements and charges related to each type of trade.  Each trader is
capable of interfacing with customers and responding to internal and external
billing inquiries.

Real Time is required to administer terms of Service Desk contracts, which
may include the selling of excess generation and purchasing energy for
customer,s load requirement.  Also, each trader is responsible for gathering
and reporting information on unit outages, transmission line derations and
other information that is useful for all West Desk Trading activity.

Job Duties
? Confirm purchases and sale of power for Enron Power Marketing
? Work closely with volume, risk management, and dispute settlement groups
? Aid in preparation of price and deal reports and assist in the resolution
of volume/price discrepancies
? Interface with service and middle marketing customers to resolve real-time
questions and concerns
? Assist in testing and implementation of FSP and OATI real-time tagging
? Work closely with information technology and fundamentals group to maintain
and develop Real-Time tools and systems

Qualifications
? Bachelors in Finance, Business, Accounting or related field
? 1 to 2 years of previous power industry experience in WSCC is preferred.
? Excellent problem solving and communication skills
? Working knowledge of Excel, Access, Visual Basic and SQL
? Self motivated
? Detail oriented


Scott Neal asked me to include you--I am writing a summary of what we're going to need right now, you should have it in less than 10 minutes.

Thanks

 -----Original Message-----
From: 	Brawner, Sandra F.
Sent:	Friday, October 26, 2001 1:39 PM
To:	Calcagno, Suzanne
Subject:	RE: Pricing of the Total

I have no idea what this e-mail is suppose to mean to me?

 -----Original Appointment-----
From: 	Jackson, Brandee   On Behalf Of Calcagno, Suzanne
Sent:	Friday, October 26, 2001 1:27 PM
To:	Mckay, Brad; Brawner, Sandra F.; Calcagno, Suzanne; Superty, Robert; Mckay, Jonathan
Cc:	Neal, Scott
Subject:	Pricing of the Total
When:	Friday, October 26, 2001 2:30 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	EB3271


Meeting w/Armstrong Services to see what opportunities are available to enter
into a joint capital venture percentage for mutually beneficial partnership.


What is the exact delivery point?   Does it include capacity?   Is it a daily call?   monthly call?   All options are quoted by Harry Arora.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Thursday, September 06, 2001 9:23 AM
To:	Presto, Kevin M.
Subject:	RE: NCMPA 1

Are you interested in offering the $100 daily call, into Duke, May-Sep'02, up to 100MW?  We may be able to separately offer regulatory capacity off of the Carolina plants we sold to AIG.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Wednesday, September 05, 2001 4:14 PM
To:	Braddock, Billy
Subject:	RE: NCMPA 1

I will handle the non-TVA SERC deals until John Suarez joins the group.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Wednesday, September 05, 2001 10:56 AM
To:	Presto, Kevin M.
Subject:	NCMPA 1

Kevin,

Who now handles Duke's system territory with King switching to ERCOT?  You or Fletch?

North Carolina Mun. Power Agency 1 has informally requested up to 100MW of capacity and energy for May-Sep'02 with a "relatively high" strike price (probably $100) into Duke, or regulatory capacity.

Formally, they have issued 2 RFP's:  1) to buy as much as 750MW of intermediate, peaking, and reserve capacity for summer peak months of 2003 and beyond (1-5 years), increasing by approx. 25MW per year; 2) to sell up to eight, 50MW blocks of 7x24 energy, system firm or unit contingent, off of Catawba and/or McGuire nuclear plants, interconnected with the Duke trans. system, beginning 1/1/03 (1-8 year term).

BB


The Weekly FERC Report and State Government Reports are available by clicking
below:

http://gpgdomino.ots.enron.com/QuickPlace/ferc/Main.nsf/h_Toc/BC4A8CDC20459E6C
8625692F005FC453?OpenDocument&Form=h_PageUI

Also, if you need any prior reports, click on either archives for Weekly
Report or State Reports and the prior reports are still accessible.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/10/2000
06:15 PM ---------------------------

"Joseph A. Cherian" <cherian@bu.edu> on 05/09/2000 08:10:19 AM
To: "Jeffrey K. Skilling" <sreinar@enron.com>
cc: Vince J Kaminski/HOU/ECT@ECT, "Robert A. Jarrow" <raj15@cornell.edu>,
"Robert C. Merton" <rmerton@hbs.edu>
Subject:

Mr. Jeffrey K. Skilling
President and C.O.O.,
Enron Corp.

Dear Jeff,

This email is from Robert Jarrow (Cornell) and myself (Joe Cherian). I hope
you recall meeting/lunching with Bob Jarrow & me when you keynoted at my
1999 Math Finance Day conference here at Boston University. I wanted to
introduce you to SKG Inc., a startup that is focused on providing an
innovative service to the electronic trading community. Messers Kuppuswamy
Seshadhri, Sriketan Mahanti, and Gaurav Mallik are the principal founders
of SKG, Inc. Bob Jarrow and I represent the company's Scientific Advisory
Board. Nobel laureate Robert Merton, who also sat on our table during your
keynote address, very kindly serves as an ad hoc Senior Advisor to SKG and
has been an invaluable resource to SKG, including putting us in touch with
JP Morgan. Coincidentally, the C.O.O. of JP Morgan Capital Corp. Ed
Colloton, in an April 7 meeting told us he would introduce us to the C.F.O.
of Enron Online, whom he knows and at which he felt SKG would have huge
value-adding opportunities. However, given Ed's busy travel schedule, I
don't believe he has been able to do that yet. Hence this joint decision by
Bob Jarrow and myself to send you this email.

SKG's solution is to provide dynamic pricing and value maximization in
electronic trading of securities/commodities on ECNs and ATSs (Alternative
Trading Systems). It achieves this through a process of "strategic
negotiation" using automated agents (intelligent software manifestations).
Our system should not be viewed as an ECN, but rather as an enhancement to
any extant trading system, be it an ECN, ATS, CLOB, NASDAQ, etc. Our
initial system design has been conducted for financial instruments trading,
e.g. bonds/equities, but our strategy is as much applicable to energy/power
instruments trading, high speed communications bandwidth trading, and other
web-based commodities trading, which we believe is of interest to Enron
Online.

SKG is superior to existing solutions in the following way:
1)  It considers multiple attributes, e.g., price, time, volatility,
bandwidth. (In high speed communication bandwidth scenarios, for example,
the dimensions could be price, bandwidth size, time for which bandwidth
available, continguity of the allocation, and such.)
2) It involves dynamic matching as opposed to "static" matching.
3) It is multi-lateral.
4)  It adapts itself dynamically to changing market conditions.
5) It allows traders to make important trade-offs, as they do in
traditional markets.

Currently, SKG is involved in discussions with the Heads of Trading at
Fidelity, Putnam Investments, Lehman Bros., KPMG, Meridien Research,
Salomon Smith Barney, JP Morgan, State Street, Banc of America, McKinsey,
Citizens Power, and a host of other folks.

We think we have a value-adding service to provide to Enron Online or any
other Enron subsidiary that the SKG offering matches and that you deem fit.
SKG's founders and I will be very happy to provide you or your
representative(s) with more details, including a demo of the prototype, in
a meeting. We are therefore hopeful that you will be able to arrange
something appropriate.

Thanks very much, Jeff! We look forward to hearing from you.

With warm regards,
Joseph Cherian and Robert Jarrow

Cc: Professor Robert C. Merton

Joseph A. Cherian
Associate Professor of Finance
Boston University School of Management
595 Commonwealth Avenue, Room 522H
Boston, MA 02215
TEL: 617-353-2679 (O)
  617-353-6667 (Fax)


unfortunately, mathematical analysis of skew is extremely hard to do.  the
question is why does skew exist and does the market do a proper job of
correcting for violations of the black scholes model.  in my mind, there are
three big reasons for skew.  one is that the assumption of stochastic
volatility as a function of price level gets violated.  commodities tend to
have long range trading ranges that exist due to the economics of supply and
elasticity of the demand curve.  nat gas tends to be relatively stable when
we are in that historical pricing environment.  however, moving to a
different pricing regime tends to bring volatility.  an options trader wants
to be long vol outside the trading range, believing that a breakout of the
range leads to volatility while trying to find new equilibrium.  supports a
vol smile theory.  in addition, in some commodities realized vol is a
function of price level.  nat gas historically is more volatile at $5 than at
$4 and more volatile at $4 than $3.  thus there has been a tendency for all
calls to have positive skew and all puts except weenies to have negative
skew.  the market certainly trades this way as vol has a tendency to come off
in a declining market and increase in a rising market.  to test, regress 15
day realized vol versus price level and see if there is any correlation.
second reason is heptocurtosis, fatter tails than lognormal distribution
predicts.  supports vol smile theory.  easy to test how your market compares
by plotting historical one day lognormal returns versus expected
distribution.
third, is just supply and demand.  in a market where spec players are
bearish, put skew tends to get bid as vol players require more insurance
premium to add incremetal risk to the book.  if you have a neutral view
towards market, or believe that market will come off but in an orderly
fashion, enron can take advantage of our risk limits by selling more
expensive insurance.  crude market tends to have strong put skew and weak
call skew as customer business in options is nearly all one way: producer
fences.  if you believe vol is stochastic in the region of prices where the
fence strikes are, can be profitable to take other side of trade.
if you want to discuss further give me a call 4-6 pm houston time.  hope this
helps,
john

Sharad Agnihotri
04/04/2001 12:44 PM
To: Mike Maggi/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT
cc:
Subject: Gas Implied Volatility Smile

John, Mike

I work for the London Research team and am looking at
some option pricing problems for the UK gas desk.
Dave Redmond the options trader told me that you had done
some fundamental research regarding
the gas implied volatility smiles and may be able to help.

I would be grateful if you tell me
what you have done or suggest
someone else that I could ask.

Regards
Sharad Agnihtori


FYI - Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/11/99 01:10
PM ---------------------------

Mary Nell Browning
10/11/99 12:02 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Brokerage Account for EES affiliate

Sara,  great to hear from you.  The entity requiring the brokerage account is
Enron Energy Services, Limited, which is a UK entity.  This company is buying
100% of the shares of a UK engineering firm (called Torpy) in order to use in
its facilities management business here.  The purchase price for Torpy is $4
million, $1 million of which is payable in Enron Corp. stock.  For tax
reasons this Enron stock needs to be purchased in the market rather than
using treasury shares.  Thanks for the tip on account signatories.  Please
let me know what else I need to do  Thanks again.

Sara Shackleton
11/10/99 16:32
To: Mary Nell Browning/LON/ECT@ECT
cc: Marie Heard/HOU/ECT@ECT, Lori Pinder/HOU/EES@EES
Subject: Brokerage Account for EES affiliate

Hello there!  Hope all is well.  Will you be at the legal conference later
this month?

Would you please provide us with information identifying the specific entity
requiring the brokerage account and a brief description of the transaction
for which the account is required.  Also, for purposes of your unanimous
consent or resolution,  you should note that either of Ted Murphy or Rick Buy
should be one of the two signatories required for opening the account.  Let
me know if you have any questions.  Sara


Paul:  I'll begin reviewing the comments but you'll have to think about the
credit related issues.  Let me know if you'd like to schedule some time to
discuss.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/09/2001 12:03 PM -----

	Rose Liu <rose.liu@moorecap.com>
	02/09/2001 09:35 AM

		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
		 cc: Joe Hamilton <joe.hamilton@moorecap.com>, Jeff Popock
<jeff.popock@moorecap.com>
		 Subject: ISDA between Enron &  MGI

Sara - Please find attached the latest version of the ISDA document between
Enron & Moore Global Investments, Ltd. as well as our comments which can be
found below as well as written on the document itself. Please note that also
included in the fax are some revisions to the legal opinion.  I will send to
you any comments regarding the guaranty once our lawyer has completed his
review.

Schedule:
Part 1 (c) "Threshold Amount" - We are willing to accept your proposal for
the flat number of $100 million for Enron, but we cannot accept $2 million
for the Moore Global.  The majority of our documents are bilateral in
nature, but we have accepted a 2:1 ratio, thus we have proposed $50 million
for Moore Global.  Please reconsider.

Part 3(b) Documents to be delivered - I have added the legal opinion
language, but I just wanted to confirm that Enron will pay for these
requested legal opinions.  I found out that FIF Master Fund, Ltd  also uses
Graham Thompson as outside counsel.

Credit Support Annex:
Paragraph 13 (b)(iv) - Thresholds - We are willing to accept a $0 Threshold
even though with most of our counterparties, we have at least a $5 million
threshold.   On the other hand, we find it to be a operational nuisance to
have to transfer collateral back and forth with a "minimum transfer amount"
of zero, thus we would like to stick with $500,000 since we do not think
$500,000 is an unreasonable amount of exposure for either party and it would
eliminate the nuisance factor.

Thank you very much for your help in this matter and we look forward to
hearing from you.

Regards-

Rose

 - fax1.tif


As a reminder...there are several pieces of equipment that are set up on the 30th Floor, as well as on our floor, for the Disaster Recovery Team.  PLEASE DO NOT TAKE, BORROW OR USE this equipment.  Should you need to use another computer system, other than yours, or make conference calls please work with your Assistant to help find or set up equipment for you to use.

Thanks for your understanding in this matter.

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Sara:
When ENA enters into an ISDA Master with a Canadian counterparty, is that
counterparty expected to make the ESP and Options rep?  Does ENA make the
Canadian Securities Act rep?

Carol


my goal is to pull off a double play - unassisted.


Sunday through Tuesday


Per Carolyn's request.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 10:09
AM ---------------------------

	Enron Global Finance

	From:  Mary Perkins @ ECT                           12/22/2000 08:41 AM

To: Fred Mitro/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:

Subject: Escrow

As I discussed with Fred this morning, attached are escrow agreements for
both Citibank and Chase.  Let me know which one you want to talk to and I
will hook you up with the agent.


Thanks.  Russ Cavanaugh did send me a copy of an agreement with Castrol that I passed along to the attorney.

 -----Original Message-----
From: 	Finelli, Christina
Sent:	Monday, November 05, 2001 9:38 AM
To:	Cordova, Karen
Cc:	Heard, Marie
Subject:	Re:

Marie, this will confirm that EES does NOT have a GISB with BP Energy.
Christy

 	Enron Energy Services  From:  Karen A Cordova                           11/02/2001 10:37 AM Phone No: 713.853.3150            713.646.8860 - FAX            EB849

To:	Marie Heard/Enron@EnronXGate
cc:	Christina Finelli/HOU/EES@EES
Subject:

EES entered into a GISB with BP Energy Company.  I cannot locate the file.  Christy Finelli is in charge of the GISB World and is out today.  By copy of this e:mail I am requesting Christy to provide a copy of the agreement for you.

With respect to Castrol Industrial North America, Inc. Legal does not have any contracts with this counterparty nor does the Confirmation desk have any documentation  that supports EESI doing business with this company.

If there is other info about this customer you may have, I could pass that along to the confirmation desk for further research.

Karen

Karen

<Embedded Picture (Device Independent Bitmap)>


Please note that the time for our next Monday morning conference call has
been moved to 4:00pm (CST).  For those of you in Houston, we will be in room
4793.

Dial-in number:  888/311-9051
Pass code:  60396

Sue Nord, Sr. Director
Government Affairs
713 345-4196