HOUSTON (Dow Jones)--In the latest update of Enron Corp.'s (ENE, news, msgs)
bandwidth trading activities, the company's chairman said Tuesday that it has
completed about 90 trades of telecommunications bandwidth.
	Speaking at the Dain Rauscher Energy 2000 Conference, Enron Chairman Ken Lay
talked about the current status and futures plans the company has for
bandwidth trading and broadband services.
	Asked what kind of company Enron is, Lay gave an answer that shows the recent
expansion of the company's business strategy beyond energy. Enron is still
basically "an energy and broadband company," he said.
	While energy is still the source of most of Enron's revenue, Lay's answer
underlines the growth potential it sees in broadband services and bandwidth
trading. A number of Enron officials have been quoted in the last year as
saying that, in a few years, it could be making as much money from those
areas as it now makes from its lucrative natural gas and power businesses.
	Enron plans to spend $600 million-$650 million this year and about the same
amount over the next two to three years on broadband and bandwidth trading,
Lay said. It will spend more during that time if necessary.
	In fact, the company is planning to sell energy assets around the world in
emerging markets that aren't growing quickly enough to meet Enron's
standards. Proceeds will be deployed into businesses like broadband and
bandwidth trading, which are growing more quickly, he said.
	In pioneering bandwidth trading as a commodity, Enron's 90 bandwidth deals
put it far ahead of competitors in that nascent market area. El Paso Energy
Corp. (EPG, news, msgs) officials have said they have done 5-10 bandwidth
trades this year. Companies like Williams Communications Group (WCG, news,
msgs) won't talk about the number of bandwidth trades they have made.
	Bandwidth is the capacity to move data between two points on a
telecommunications network.
	Enron will finish deploying its domestic telecommunications network by the
end of this year, Lay said. Some of the fiber-optic network will be lit, or
made operational, this year with the rest to be lit later.
	The company has four bandwidth trading pooling points completed in New York,
Los Angeles, Las Vegas and London. Enron's current plans call for a total of
13 pooling points.
	Bandwidth trading pooling points are facilities where telecom carriers can
connect to each other to allow data to flow from one carrier to another,
facilitating bandwidth trading.
	Enron plans to begin delivering movies to home via broadband connections in
December as part of its deal with Blockbuster Video and a number of telecom
carriers.
	The deal is a 20-year exclusive, worldwide deal with a potential contract
value of more than $1 billion to Enron, according to materials the company
handed out at the conference.
	By Michael Rieke, Dow Jones Newswires, 713-547-9207, michael.rieke@wsj.com
	Quote for referenced ticker symbols: ENE, EPG, WCG, WMB

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


I  agree. We should see the forest and not all the trees.
?
Bottom-line SBX 9 is a big step forward? in deploying clean  distributed
generation.
?
There  are always specific elements/details, which?might have been done
differently, but I do believe most of us agree that this is a very positive
step  for California and it will significantly help the State in the very
challenging  energy situation it is facing.
?
Ake
-----Original Message-----
From: Dan Cashdan  [mailto:dcashdan@realenergy.com]
Sent: Friday, March 16, 2001 12:56  PM
To: 'Les Spahnn'; Steven Greenberg; A. J. "Tony" Occhionero  (E-mail); Ake
Almgren (E-mail); Amory Lovins (E-mail); Andrew Neilly (E-mail);  Angelina
Galiteva (E-mail); Anna Ferrera (E-mail); Anne-Marie Borbely  (E-mail);
Anthony Mazy P.E. (Business Fax); Anton Paley (E-mail); Arnold M.  Sowell Jr.
(E-mail); Barbara A. Lloyd (E-mail); Barry Safranek (E-mail);  Bernard F.
Kolanowski (E-mail); Beth Dunlop (E-mail); Bill Brooks (E-mail);  Bill Morrow
(E-mail); Bob Miller (E-mail); Bob Wichert (E-mail); Brian O'neil  (E-mail);
Bruce A. Gilleland (E-mail); Bud Beebe (E-mail); Carol Glick  (E-mail);
Catherine E. Witherspoon (E-mail); Charles Budd (E-mail);  Christopher J.
Townsend (E-mail); Christopher Tooker Ph. D. (E-mail); Cindy K.  Tuck P.E.
(Business Fax); Clothilde V. Hewlett (E-mail); Cris Cooley (E-mail);  Daniel
Bolster (E-mail); Daniel J. Dessanti (E-mail); Daniel S. Shugar P.E.
(E-mail); David Butsack (E-mail); David Cohen (E-mail); David Freeman
(E-mail); David L. Townley (E-mail); David Osborne (E-mail); David Palmer
(E-mail); Delaney L. Hunter (E-mail); Dennis L. Randall Jr. (E-mail); Dian
Grueneich (E-mail) (E-mail); Diane I. Fellman (E-mail); Dick DeBlasio
(E-mail); Dominic DiMare (E-mail); Donald E. Osborn (E-mail); Douglas Grandy
(E-mail); Douglas Pulver (E-mail); Frank Frankini (E-mail); G. Paul Horst
(E-mail); Frederick Gortner (E-mail); Gary C. Matteson (E-mail); George
Plescia (E-mail); Greg Husebye (E-mail); Gregory Schem (E-mail); Henry Mak
(E-mail); Henry Wedaa (E-mail); Holly P. Thomas (E-mail); Hope A. Schmeltzer
(E-mail); Jack Flanigan (E-mail); Jackson R. Gualco (E-mail); Jairam Gopal
(E-mail); James A. Westbrook (E-mail); James Gariepy (E-mail); Jay Morse
(E-mail) (E-mail); Jayme Murray Chick (E-mail); Jeff Dasovich (E-mail); Jim
DiCarlo (E-mail); Jim Trudeau (E-mail); Jody London (E-mail); Joe Ianucci
(E-mail); John A. Buckel (E-mail); John Nimmons (E-mail); John White
(E-mail);  Jonathan M. Teague (E-mail); Joseph Galdo (E-mail); Judith Foster
(E-mail);  Julie Spezia (E-mail); Karen Lindh (E-mail); Kari Smith (E-mail);
Keith  Davidson (E-mail); Kip Lipper (E-mail); Lawrence Lingbloom (E-mail);
Lenny  Goldberg (E-mail); Les Goldman (E-mail); Les Goldman (E-mail 2);
Leslie Kramer  (E-mail); Linda Sherif (E-mail); Lou Jug (E-mail); Malcolm
Lewis P.E.  (E-mail); Mark Fallek (E-mail); Mark Humphrey; Mark Watts
(E-mail); Martin  Lagod (E-mail); Matt Davis (E-mail); Matthew Freedman
(E-mail); Maureen F.  Gorsen (E-mail); Michael B. Endicott (E-mail); Michael
Barr (E-mail); Michael  Boccadoro (E-mail); Michael Dumke (E-mail); Michael
Shames (E-mail) (E-mail);  Mike Demarsi (E-mail); Mike Florio (E-mail); Mory
Houshmand (E-mail); Ms.  Andrea Bitterling (E-mail); Ms. Erin Sheehy
(E-mail); Murray W. Davis P.E.  (E-mail); Patricia Hoffman (E-mail); Patrick
J. Hodges (E-mail); Patrick N.  Giordano ESQ. (E-mail); Paul Behrends
(E-mail); Paul Clanon (E-mail); Paul H.  Savage (E-mail); Paul L. Smith
(E-mail); Perry Schonfeld (E-mail); Peter Liu  (E-mail); Pramod Kulkarni
(E-mail); Ralph Cavanagh (E-mail); Randy Chinn  (E-mail); Rich Flood
(E-mail); Richard Brent (E-mail); Richard DeBlasio  (E-mail); Richard T.
Sperberg (E-mail); Robert Laurie (E-mail); Robert Tetz  (E-mail); Rodney B.
Johnson (E-mail); Ryan Waddington (E-mail); Rosamond C.  Bolden RPA, FMA
(E-mail); Scot Duncan (E-mail); Scott A. Castelaz (E-mail);  Scott Helms
(E-mail); Scott L. Smithers (E-mail); Scott Samuelsen (E-mail);  Scott
Tomashefsky (E-mail); Sheryl Carter (E-mail); Shirley Rivera (E-mail);
Stephen Pilch (E-mail); Steven A. Nissen (E-mail); Steven Bloch (E-mail);
Steven Brandon (E-mail); Steven Mckenery (E-mail); Stu Wilson (E-mail);
Stuart  Z. Shiff (E-mail); Susan Mara (E-mail); Susan Schneider (E-mail);
Suzanne  Watson (E-mail); Terry S. Harvill (E-mail); Thomas "Tod" O'Conner
(E-mail);  Thomas H. Houle (E-mail); Thomas J. Danilek (E-mail); Thomas S.
Basso  (E-mail); Tim Gallen (Business Fax); Tim Hayes (E-mail); Tina
Kaarsberg Ph. D.  (E-mail); Todd D. Thorner (E-mail); Tom Vence (E-mail);
Valerie Beck (E-mail);  Wade C. Teasdale (E-mail); Ward Camp (E-mail);
William D. Browning (E-mail);  William D. Sturm (E-mail); William Glauz
(E-mail); William H. Booth (E-mail);  William J. Garnett Ill (E-mail);
William P. Parks (E-mail); Brett Schumacher;  Christopher Peznola; Corinne
Arnaud; Dan Cashdan; Jason Conroy; Ken Robinson;  Kevin Best; Paul Slye;
Rachel MacDonald; Richard Megowan; Robin Luke; Roger  Freeman; Shawtae
Anderson; Steve Smith; Michael Robson (E-mail); Mikki Bako  Sorensen
(E-mail); Aaron Thomas (E-mail); Andy Brown (E-mail) (E-mail); Bob  Miller
(E-mail 2); Cameron "Mac" Moore (E-mail); Carl C. Lower (E-mail); DJ  Smith;
Dorothy Rothrock (E-mail); Eric Wong (E-mail); Jeffrey R. Jacobson  (E-mail);
Kevin Duggan(E-mail); Patrick McLafferty (E-mail); Paul  Eichenberger
(E-mail); Scott Smithers (E-mail); Ted J. Bischak (E-mail); Tim  Gallen
(E-mail)
Subject: RE: SBX 9 (Elimination of Standby  Charges)

It  would make since for people to read all of the language and to think in
a  constructive manor.? If anyone is concerned with what can or can not be
done they should feel free to call me.? Thus far every serious member of  the
real estate community that I have spoken with or heard from is very  pleased
with this progress.
-----Original Message-----
From: Les Spahnn  [mailto:spahnn@hnks.com]
Sent: Friday, March 16, 2001 12:38  PM
To: Steven Greenberg; A. J. "Tony" Occhionero (E-mail); Ake  Almgren
(E-mail); Amory Lovins (E-mail); Andrew Neilly (E-mail); Angelina  Galiteva
(E-mail); Anna Ferrera (E-mail); Anne-Marie Borbely (E-mail);  Anthony Mazy
P.E. (Business Fax); Anton Paley (E-mail); Arnold M. Sowell Jr.  (E-mail);
Barbara A. Lloyd (E-mail); Barry Safranek (E-mail); Bernard F.  Kolanowski
(E-mail); Beth Dunlop (E-mail); Bill Brooks (E-mail); Bill Morrow  (E-mail);
Bob Miller (E-mail); Bob Wichert (E-mail); Brian O'neil (E-mail);  Bruce A.
Gilleland (E-mail); Bud Beebe (E-mail); Carol Glick (E-mail);  Catherine E.
Witherspoon (E-mail); Charles Budd (E-mail); Christopher J.  Townsend
(E-mail); Christopher Tooker Ph. D. (E-mail); Cindy K. Tuck P.E.  (Business
Fax); Clothilde V. Hewlett (E-mail); Cris Cooley (E-mail); Daniel  Bolster
(E-mail); Daniel J. Dessanti (E-mail); Daniel S. Shugar P.E.  (E-mail); David
Butsack (E-mail); David Cohen (E-mail); David Freeman  (E-mail); David L.
Townley (E-mail); David Osborne (E-mail); David Palmer  (E-mail); Delaney L.
Hunter (E-mail); Dennis L. Randall Jr. (E-mail); Dian  Grueneich (E-mail)
(E-mail); Diane I. Fellman (E-mail); Dick DeBlasio  (E-mail); Dominic DiMare
(E-mail); Donald E. Osborn (E-mail); Douglas Grandy  (E-mail); Douglas Pulver
(E-mail); Frank Frankini (E-mail); G. Paul Horst  (E-mail); Frederick Gortner
(E-mail); Gary C. Matteson (E-mail); George  Plescia (E-mail); Greg Husebye
(E-mail); Gregory Schem (E-mail); Henry Mak  (E-mail); Henry Wedaa (E-mail);
Holly P. Thomas (E-mail); Hope A. Schmeltzer  (E-mail); Jack Flanigan
(E-mail); Jackson R. Gualco (E-mail); Jairam Gopal  (E-mail); James A.
Westbrook (E-mail); James Gariepy (E-mail); Jay Morse  (E-mail) (E-mail);
Jayme Murray Chick (E-mail); Jeff Dasovich (E-mail); Jim  DiCarlo (E-mail);
Jim Trudeau (E-mail); Jody London (E-mail); Joe Ianucci  (E-mail); John A.
Buckel (E-mail); John Nimmons (E-mail); John White  (E-mail); Jonathan M.
Teague (E-mail); Joseph Galdo (E-mail); Judith Foster  (E-mail); Julie Spezia
(E-mail); Karen Lindh (E-mail); Kari Smith (E-mail);  Keith Davidson
(E-mail); Kip Lipper (E-mail); Lawrence Lingbloom (E-mail);  Lenny Goldberg
(E-mail); Les Goldman (E-mail); Les Goldman (E-mail 2);  Leslie Kramer
(E-mail); Linda Sherif (E-mail); Lou Jug (E-mail); Malcolm  Lewis P.E.
(E-mail); Mark Fallek (E-mail); Mark Humphrey; Mark Watts  (E-mail); Martin
Lagod (E-mail); Matt Davis (E-mail); Matthew Freedman  (E-mail); Maureen F.
Gorsen (E-mail); Michael B. Endicott (E-mail); Michael  Barr (E-mail);
Michael Boccadoro (E-mail); Michael Dumke (E-mail); Michael  Shames (E-mail)
(E-mail); Mike Demarsi (E-mail); Mike Florio (E-mail); Mory  Houshmand
(E-mail); Ms. Andrea Bitterling (E-mail); Ms. Erin Sheehy  (E-mail); Murray
W. Davis P.E. (E-mail); Patricia Hoffman (E-mail); Patrick  J. Hodges
(E-mail); Patrick N. Giordano ESQ. (E-mail); Paul Behrends  (E-mail); Paul
Clanon (E-mail); Paul H. Savage (E-mail); Paul L. Smith  (E-mail); Perry
Schonfeld (E-mail); Peter Liu (E-mail); Pramod Kulkarni  (E-mail); Ralph
Cavanagh (E-mail); Randy Chinn (E-mail); Rich Flood  (E-mail); Richard Brent
(E-mail); Richard DeBlasio (E-mail); Richard T.  Sperberg (E-mail); Robert
Laurie (E-mail); Robert Tetz (E-mail); Rodney B.  Johnson (E-mail); Ryan
Waddington (E-mail); Rosamond C. Bolden RPA, FMA  (E-mail); Scot Duncan
(E-mail); Scott A. Castelaz (E-mail); Scott Helms  (E-mail); Scott L.
Smithers (E-mail); Scott Samuelsen (E-mail); Scott  Tomashefsky (E-mail);
Sheryl Carter (E-mail); Shirley Rivera (E-mail);  Stephen Pilch (E-mail);
Steven A. Nissen (E-mail); Steven Bloch (E-mail);  Steven Brandon (E-mail);
Steven Mckenery (E-mail); Stu Wilson (E-mail);  Stuart Z. Shiff (E-mail);
Susan Mara (E-mail); Susan Schneider (E-mail);  Suzanne Watson (E-mail);
Terry S. Harvill (E-mail); Thomas "Tod" O'Conner  (E-mail); Thomas H. Houle
(E-mail); Thomas J. Danilek (E-mail); Thomas S.  Basso (E-mail); Tim Gallen
(Business Fax); Tim Hayes (E-mail); Tina  Kaarsberg Ph. D. (E-mail); Todd D.
Thorner (E-mail); Tom Vence (E-mail);  Valerie Beck (E-mail); Wade C.
Teasdale (E-mail); Ward Camp (E-mail);  William D. Browning (E-mail); William
D. Sturm (E-mail); William Glauz  (E-mail); William H. Booth (E-mail);
William J. Garnett Ill (E-mail);  William P. Parks (E-mail); Brett
Schumacher; Christopher Peznola; Corinne  Arnaud; Dan Cashdan; Jason Conroy;
Ken Robinson; Kevin Best; Paul Slye;  Rachel MacDonald; Richard Megowan;
Robin Luke; Roger Freeman; Shawtae  Anderson; Steve Smith; Michael Robson
(E-mail); Mikki Bako Sorensen  (E-mail); Aaron Thomas (E-mail); Andy Brown
(E-mail) (E-mail); Bob Miller  (E-mail 2); Cameron "Mac" Moore (E-mail); Carl
C. Lowr (E-mail); DJ Smith;  Dorothy Rothrock (E-mail); Eric Wong (E-mail);
Jeffrey R. Jacobson (E-mail);  Kevin Duggan (E-mail); Patrick McLafferty
(E-mail); Paul Eichenberger  (E-mail); Scott Smithers (E-mail); Ted J.
Bischak (E-mail); Tim Gallen  (E-mail)
Subject: Re: SBX 9 (Elimination of Standby  Charges)

Steven:
Not a single building owner I have talked to  beleives that you can install a
meanigful amount of DG by July 1st.?  The bill is meaningless to BOMA with
that amendment.? What plans are we  making to take that limitation out of the
bill or to push it back?? If  not, the I don't think BOMA will support the
bill any more.
Les
?
----- Original Message -----
From:  Steven Greenberg
To: A. J. "Tony" Occhionero (E-mail) ;  Ake Almgren (E-mail) ; Amory Lovins
(E-mail) ; Andrew Neilly (E-mail) ; Angelina Galiteva  (E-mail) ; Anna
Ferrera (E-mail) ; Anne-Marie  Borbely (E-mail) ; Anthony  Mazy P.E.
(Business Fax) ; Anton Paley (E-mail) ; Arnold M.  Sowell Jr. (E-mail) ;
Barbara A. Lloyd (E-mail) ; Barry Safranek (E-mail) ;  Bernard F. Kolanowski
(E-mail) ; Beth Dunlop (E-mail) ; Bill Brooks  (E-mail) ; Bill Morrow
(E-mail) ; Bob Miller  (E-mail) ; Bob Wichert (E-mail) ; Brian O'neil
(E-mail) ; Bruce A. Gilleland (E-mail) ;  Bud Beebe  (E-mail) ; Carol Glick
(E-mail) ; Catherine E.  Witherspoon (E-mail) ; Charles Budd (E-mail) ;
Christopher J.  Townsend (E-mail) ; Christopher Tooker Ph. D.  (E-mail) ;
Cindy  K. Tuck P.E. (Business Fax) ; Clothilde V. Hewlett (E-mail) ; Cris
Cooley  (E-mail) ; Daniel Bolster (E-mail) ; Daniel J. Dessanti (E-mail)  ;
Daniel S. Shugar P.E. (E-mail) ;  David Butsack (E-mail) ;  David Cohen
(E-mail) ; David  Freeman (E-mail) ; David L. Townley (E-mail) ; David
Osborne (E-mail) ; David Palmer (E-mail) ; David  Townley (E-mail) ; Delaney
L. Hunter (E-mail) ;  Dennis L. Randall Jr.  (E-mail) ; Dian Grueneich
(E-mail) (E-mail)  ; Diane I. Fellman (E-mail)  ; Dick DeBlasio (E-mail) ;
Dominic DiMare (E-mail) ;  Donald E. Osborn  (E-mail) ; Douglas Grandy
(E-mail) ; Douglas  Pulver (E-mail) ; Frank Frankini (E-mail)  ; G. Paul
Horst (E-mail) ; Frederick Gortner (E-mail) ; Gary C.  Matteson (E-mail) ;
George Plescia (E-mail) ; Greg  Husebye (E-mail) ; Gregory Schem (E-mail) ;
Henry Mak  (E-mail) ; Henry Wedaa (E-mail) ; Holly P.  Thomas (E-mail) ; Hope
A. Schmeltzer (E-mail) ; Jack Flanigan (E-mail) ; Jackson R. Gualco  (E-mail)
; Jairam Gopal (E-mail) ; James A. Westbrook  (E-mail) ; James Gariepy
(E-mail) ; Jay Morse (E-mail)  (E-mail) ; Jayme Murray Chick (E-mail) ; Jeff
Dasovich (E-mail) ; Jim DiCarlo (E-mail) ; Jim  Trudeau (E-mail) ; Jody
London (E-mail) ; Joe Ianucci  (E-mail) ; John A. Buckel (E-mail) ; John
Nimmons  (E-mail) ; John White (E-mail) ; Jonathan M. Teague (E-mail) ;
Joseph Galdo (E-mail) ; Judith  Foster (E-mail) ; Julie Spezia (E-mail) ;
Karen Lindh  (E-mail) ; Kari Smith (E-mail) ; Keith Davidson (E-mail) ; Kip
Lipper  (E-mail) ; Lawrence Lingbloom  (E-mail) ; Lenny  Goldberg (E-mail) ;
Les Goldman (E-mail) ; Les Goldman  (E-mail 2) ; Leslie Kramer (E-mail) ;
Linda Sherif (E-mail)  ; Lou Jug  (E-mail) ; Malcolm Lewis P.E. (E-mail) ;
Mark  Fallek (E-mail) ; Mark Humphrey ; Mark Watts  (E-mail) ; Martin Lagod
(E-mail) ; Matt Davis  (E-mail) ; Matthew Freedman (E-mail) ; Maureen F.
Gorsen (E-mail) ; Michael B. Endicott (E-mail)  ; Michael Barr (E-mail) ;
Michael Boccadoro  (E-mail) ; Michael Dumke (E-mail) ; Michael Shames
(E-mail) (E-mail) ; Mike Demarsi (E-mail) ; Mike Florio  (E-mail) ; Mory
Houshmand (E-mail) ; Ms. Andrea  Bitterling (E-mail) ; Ms. Erin Sheehy
(E-mail) ; Murray W.  Davis P.E. (E-mail) ; Patricia Hoffman (E-mail) ;
Patrick J. Hodges (E-mail) ;  Patrick N.  Giordano ESQ. (E-mail) ; Paul
Behrends (E-mail) ; Paul Clanon  (E-mail) ; Paul H. Savage (E-mail) ; Paul L.
Smith (E-mail) ;  Perry  Schonfeld (E-mail) ; Peter Liu (E-mail) ; Pramod
Kulkarni (E-mail) ;  Ralph  Cavanagh (E-mail) ; Randy Chinn (E-mail) ; Rich
Flood (E-mail) ; Richard Brent (E-mail)  ; Richard DeBlasio  (E-mail) ;
Richard T. Sperberg (E-mail) ;  Robert Laurie (E-mail) ; Robert  Tetz
(E-mail) ; Rodney B. Johnson (E-mail) ; Ryan Waddington (E-mail) ; Rosamond
C.  Bolden RPA, FMA (E-mail) ; Scot Duncan (E-mail) ; Scott A.  Castelaz
(E-mail) ; Scott Helms (E-mail) ; Scott L. Smithers  (E-mail) ; Scott
Samuelsen (E-mail) ; Scott Tomashefsky (E-mail) ;  Sheryl Carter  (E-mail) ;
Shirley Rivera (E-mail) ; Stephen Pilch  (E-mail) ; Steven A. Nissen (E-mail)
; Steven Bloch (E-mail) ; Steven Brandon  (E-mail) ; Steven Mckenery (E-mail)
; Stu Wilson  (E-mail) ; Stuart Z. Shiff (E-mail) ; Susan Mara  (E-mail) ;
Susan Schneider (E-mail) ; Suzanne Watson  (E-mail) ; Terry S. Harvill
(E-mail) ; Thomas "Tod" O'Conner  (E-mail) ; Thomas H. Houle (E-mail) ;
Thomas J.  Danilek (E-mail) ; Thomas S. Basso (E-mail) ; Tim  Gallen
(Business Fax) ; Tim Hayes (E-mail) ; Tina Kaarsberg Ph. D.  (E-mail) ; Todd
D. Thorner (E-mail) ; Tom Vence  (E-mail) ; Valerie Beck (E-mail) ; Wade  C.
Teasdale (E-mail) ; Ward Camp (E-mail) ; William D. Browning  (E-mail) ;
William D. Sturm (E-mail) ; William  Glauz (E-mail) ; William H. Booth
(E-mail) ; William J. Garnett Ill  (E-mail) ; William P. Parks (E-mail) ;
Brett Schumacher ; Christopher Peznola ; Corinne  Arnaud ; Dan Cashdan ;
Jason  Conroy ; Ken Robinson ; Kevin  Best ; Mark Humphrey ; Paul  Slye ;
Rachel MacDonald ; Richard Megowan ; Robin  Luke ; Roger Freeman ; Shawtae
Anderson ; Steve  Smith ; Michael Robson (E-mail) ; Mikki Bako Sorensen
(E-mail) ;  Aaron  Thomas (E-mail) ; Andy Brown (E-mail) (E-mail) ; Barry
Safranek (E-mail) ;  Bob  Miller (E-mail 2) ; Bob Miller (E-mail) ; Cameron
"Mac" Moore  (E-mail) ; Carl C. Lower (E-mail) ; Daniel J. Dessanti (E-mail)
; Daniel S. Shugar P.E. (E-mail) ;  DJ Smith ; Dorothy  Rothrock (E-mail) ;
Douglas Grandy (E-mail) ; Eric  Wong (E-mail) ; Gary C. Matteson (E-mail) ;
Greg  Husebye (E-mail) ; Jack Flanigan (E-mail) ; Jay Morse (E-mail)
(E-mail) ; Jeffrey R. Jacobson (E-mail) ;  John Nimmons  (E-mail) ; John
White (E-mail) ; Jonathan M. Teague (E-mail) ;  Julie Spezia  (E-mail) ; Kari
Smith (E-mail) ; Keith Davidson (E-mail) ; Kevin Duggan (E-mail) ; Leslie S.
Spahnn  (E-mail) ; Linda  Sherif (E-mail) ; Mark Fallek (E-mail) ; Mark
Watts  (E-mail) ; Patrick McLafferty (E-mail) ; Paul  Eichenberger (E-mail) ;
Paul L. Smith (E-mail) ;  Perry  Schonfeld (E-mail) ; Richard Brent (E-mail)
; Scott  Smithers (E-mail) ; Stephen Pilch (E-mail) ; Steven Bloch (E-mail) ;
Ted J. Bischak  (E-mail) ; Thomas  "Tod" O'Conner (E-mail) ; Tim Gallen
(E-mail)
Sent: Friday, March 16, 2001 9:05  AM
Subject: SBX 9 (Elimination of  Standby Charges)

The Distributed  Energy Resources industry won a major battle yesterday.?
The  California Senate Energy and Utilities Committee passed on a 7-0
bipartisan vote, Sen. Morrow's (and while her name wasn't on this  bill,?it
was as much Sen. Alpert's) bill on eliminating any tariff  that discriminates
against DER.? SBX 9 was derived from the omnibus  DER bill SBX 35 which is
still alive and contains many important  provisions fro removing additional
barriers.? Yesterday's vote  represents a major win because even if the bill
ultimately does not get  enacted, a very important statement has been made by
the committee.?  I'm sure the CPUC will take notice in their  proceedings.
?
The DER community  owes much thanks to Sen.'s Morrow and Alpert, and the
Utilities Committee  Members and their staffs:
Sen. Bowen  (Chair)
Sen.  Alarcon
Sen.  Battin
Sen.  Dunn
Sen.  Murray
Sen.  Poochigian
Sen.  Sher
Sen.  Speier
Sen.  Vasconcellos
Sen.  Vincent
?
Also much thanks to  everyone who worked incredibly hard and diligently on
this effort.?  From the business, consumer advocacy, environmental,
government,  manufacturing, and real estate communities.
?
Here are the  highlights of yesterday's actions:
?

For IOU's- No  discriminatory tariffs for new DER installed between May 1,
2000 and  June 1, 2003 if DER is in combined heat and power mode.? If you
have a peaking unit with gen only, then you have until??July 1  2001, to get
it installed.?
DER installed within  the window gets the exemption until June 1, 2011.
The maximum capacity  of the DER is 5 MW in aggregate per site.
The DER must have  emissions levels of 9 PPM or better until the ARB
established new  guidelines and standards, expected late this year or early
next  year.
Customers with DER  are still required to pay interconnection, public purpose
charges, and  obligations incurred under the Dept. of Water Resources energy
purchases  program.
The CPUC shall  require the electrical corporations to include non-utility
owned DER in  its planning process.
The CPUC is required to  establish a firewall so that in the event that the
implementation of DER  results in net costs to the system, those costs stay
within the customer  class.
The CPUC shall  require the utilities to establish new rates for DER that
are  non-discriminatory and take into account the benefits as well as the
costs.
Muni's are required  to review their tariffs for barriers to entry and hold
public meetings  to solicit comment for recommended changes.

Now we have momentum,  but there is still a tremendous amount of work to do
on the Assembly side  and with Governor's office.? We need the continued
(increased)  support of all of you as we move this forward.

Steven A. Greenberg
RealEnergy, Inc.

300 Capitol Mall, Suite  120
Sacramento, CA 95814
916-325-2500

mailto:sgreenberg@realenergy.com
www.realenergy.com
?


It's no surprise to me to find Reggie's been stirring it up!

	Genia FitzGerald
	10/11/2000 07:43 AM

		 To: Marie Heard/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: HOTDOG !This is sooo adorable!

You are both wrong, it is Reggie's fault, he told me not to hang around
either of you!!!!!

	Marie Heard@ENRON COMMUNICATIONS
	10/10/2000 04:21 PM

		 To: Tana Jones/HOU/ECT@ECT@ENRON
		 cc: Genia FitzGerald/HOU/ECT@ECT@ENRON
		 Subject: Re: HOTDOG !This is sooo adorable!

Yeh, you're right.  It is her fault.  In the past, she always had plans and
couldn't (or just didn't want to) go with us.  I guess that's the price you
pay for being so popular and in demand.

Marie Heard
Senior Legal Specialist
Enron Broadband Services
Phone:  (713) 853-3907
Fax:  (713) 646-8537
Marie_Heard@Enron.net

	Tana Jones@ECT
	10/10/00 04:09 PM

		 To: Marie Heard/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: Genia FitzGerald/HOU/ECT@ECT
		 Subject: Re: HOTDOG !This is sooo adorable!

It's really all Genia's fault, she goes to lunch too darn early.  I guess we
need to make a date beforehand for lunch with you...!

	Marie Heard@ENRON COMMUNICATIONS
	10/10/2000 04:04 PM

		 To: Genia FitzGerald/HOU/ECT@ECT@ENRON
		 cc: Tana Jones/HOU/ECT@ECT@ENRON
		 Subject: Re: HOTDOG !This is sooo adorable!

Hey, I was an invited guest.  It wasn't my party!  Sounds like someone is
trying to weasel herself out of trouble.

Marie Heard
Senior Legal Specialist
Enron Broadband Services
Phone:  (713) 853-3907
Fax:  (713) 646-8537
Marie_Heard@Enron.net

	Genia FitzGerald@ECT
	10/10/00 03:23 PM

		 To: Marie Heard/Enron Communications@Enron Communications
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: HOTDOG !This is sooo adorable!

Thanks for inviting me to share Mexican food with you.  Tana said it was YOUR
fault I wasn't invited!!!!!

Genia
----- Forwarded by Genia FitzGerald/HOU/ECT on 10/10/2000 03:21 PM -----

----- Forwarded by Genia FitzGerald/HOU/ECT on 10/10/2000 02:30 PM -----

 - Hotdog PHOTO2.jpg


By this e-mail, I am requesting that my assistant, Stephanie Truss, set up a telephonic meeting so that we can discuss the answer that Texaco filed in this arbitration.  I look forward to talking to you.

Andy


hi susan-? my week is going well.? very slow, actually!? our new employee
started monday- i need to learn to be more assertive!? he's great and really
easy to be with, but older and has his law degree, so i have to remind myself
not to be intimidated....

i'm looking forward to you coming to visit, too!? i sent you a couple
brochures to your work- if you haven't gotten them then you should receive
them any day.

what's new with you?
julie

At 03:55 PM 12/7/2000 -0600, you wrote:

That was too cute.? How's your week been going?

?I can't wait to come out next week...it will be so nice to get away for a
while.

Susan

?????????????????????????????????????????????????????
?(Embedded???? Enron Capital & Trade Resources Corp.?
?image moved?????????????????????????????????????????
?to file:???? From:? Julie Gibson???????????????????
?pic07900.pcx) <julieg@qualcomm.com>?????????????????
?????????????? 12/07/2000 11:45 AM???????????????????
?????????????????????????????????????????????????????
?????????????????????????????????????????????????????
?????????????????????????????????????????????????????

To:?? Whitworth 2nd Lt Brendan R <WhitworthBR@i-mef.usmc.mil>, Cynthia
????? Stumbo <cstumbo@marstonandmarston.com>, Cara Zolezzi
????? <czolezzi@hotmail.com>, "RobertHootGibson@compuserve.com"
????? <RobertHootGibson@compuserve.com>,
????? "Rhea.Seddon@mcmail.vanderbilt.edu"
????? <Rhea.Seddon@mcmail.vanderbilt.edu>, Susan M Scott
????? <Susan.M.Scott@enron.com>, wbond@ymca.org
cc:
Subject:? FYI

this is cute!

(See attached file: RABBIT.jpg)


The Enron Oral History Project Continues...

"Using History to Help Enron Become the World's Leading Company"

How can an understanding of strategic choices, regulatory change and
corporate culture help Enron achieve its vision?

Speaker:
Joseph Pratt, Cullen Professor of History and Business, University of Houston
and
 Co-Director, Enron Oral History Project

Thursday, June 7
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to
participate in this meeting.  Call 3-9390.


LOVE, PHILLIP M,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
BAKER, NATALIE
BAUMBACH, DAVID
KEISER, KAM
KULIC, SLADANA
LEE, JENNIFER
SOTO, ELIZABETH
SPROWLS, CATHY
VALDES, JOHN


Hi Mark,

I received the data for Trent ATP, I copied the files to your folder "Mark F"
on the transfer server.

Regards,

Alaadin


Dominion Oklahoma Texas Exploration & Production, Inc (successor to Louis Dreyfus Natural Gas Corp) is supplying ENA 10,000 dth per day at a Florida Zone 1.  This supply is matched up with ENA's sale to The City of Tallahassee.  I believe both deals go through March 2013.  I prepay Dominion for the supply each month.

This morning, I had a voicemail from my contact at Dominion, David Walker (405-749-5240).  His voicemail stated that Dominion was terminating their contract with ENA and Dominion would not be supplying any gas effective April 1, 2002.  Paul Vrana (713-752-4514) with Jackson Walker is representing Dominion, he prepared the termination letter.

Just spoke with Paul (10:55 AM) - he has not spoken with anyone representing Enron but he has worked with Harlam Murphy?? in the past.  He will fax a letter to me.

Kay, I will leave a copy of the letter in your chair.


Kevin,

Jeff's response to this inquiry is:

"No - just a social visit - he seems to be trying to make it soound like
something very different."

Hope this helps - call if you need clarification.  Thanks, SRS

Kevin Kuykendall@ECT
05/23/2000 04:56 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: RE: Silicon Energy Org Chart

Jeff,

We spent quite a bit of time over the past several months discussing a
possible minority investment of about $5MM in Silicon Energy.  We have broken
off those discussions because (1) their proposed pre-money valuation of
$150MM was, in our opinion, excessive, and (2) our people at EES, who would
be the primary users of Silicon Energy, were not happy with Silicon Energy's
functionality.

With this in mind, have you had discussions with John which we should know
about or which would help give us strategic direction?

Thanks,
Kevin W. Kuykendall

---------------------- Forwarded by Kevin Kuykendall/HOU/ECT on 05/23/2000
05:41 PM ---------------------------

"Woolard, John" <john@SiliconEnergy.com> on 05/10/2000 10:49:14 AM
To: Kevin.Kuykendall@enron.com
cc:

Subject: RE: Silicon Energy Org Chart

Just spent 2 days in Mexico with Jeff Skilling - we might finally get things
moving with Enron.? He gets our message and is not happy that internal IT is
slowing down progress...? JW

-----Original Message-----
From:?? Kevin.Kuykendall@enron.com [mailto:Kevin.Kuykendall@enron.com]
Sent:?? Monday, May 08, 2000 7:07 AM
To:???? john@SiliconEnergy.com
Subject:??????? RE: Silicon Energy Org Chart

John,

Sounds like everything's still on track for you, which is excellent.? We
have not done anything with Tridium.? As for their management issues, as
with any small company they have some holes they need to fill.
Nevertheless, we're pretty comfortable with their overall team.

Good luck with your continued progress.? I definitely look forward to
receiving occasional updates.? We still may have reason to join up in the
future.

Thanks,
KK

Kevin - we will be releasing the names of the primary investors in our
Series D round in a press release shortly and will make sure it gets to
you.? We are talking to a few banks and are still on track for a 4
(superscript: th) quarter IPO, although they are trying to get us to
register sooner.? The Carrier partnership is fantastic - we already have a
few new customers on the utility side for the residential curtailment
program.? Hope all is well at Enron - did you guys ever do anything with
Tridium?? Have they solved their management issues??? JW

???? -----Original Message-----
???? From:?? Kevin.Kuykendall@enron.com [mailto:Kevin.Kuykendall@enron.com]
???? Sent:?? Thursday, May 04, 2000 9:22 AM
???? To:???? john@SiliconEnergy.com
???? Subject:??????? RE: Silicon Energy Org Chart

???? John,

???? I just wanted to touch base and catch up on any recent developments.
???? Assuming that your round has closed, who are the primary investors?
???? What
???? is your current schedule for an IPO?

???? Also, I read a press release a few days ago regarding your partnership
???? with
???? Carrier.? It was quite interesting, especially after having talked
???? with you
???? regarding that project during my visit to your headquarters.

???? Thanks,
???? KK


Note:  All meetings (including breakfast reservations) have been confirmed.

*The Honorable Pat Wood, III
512-936-7499 (direct)
512-936-7009 ) (Assistant:  Linda)
512-422-4386 (cell)
Residence Inn ) 202-898-1100 ) May 2, 2001

MEMBERS OF CONGRESS
SCHEDULING MEETINGS FOR:
Steve Kean, Executive Vice President and Chief of Staff
May 2, 2001

SCHEDULE:
Wednesday, May 2, 2001
NOTE:  There will be no driver for the majority of the meetings.  Driver
hired to take Steve Kean to the DCA.

8:45 AM *Breakfast with Pat Wood and Linda Robertson and Steve Kean
  Hay-Adams
800 16th Street, NW
Washington, DC  20006
202-638-6600       Steve Kean, party of three

10:45 AM The Honorable Roy Blunt     Steve/Karl/Linda
US House of Representatives
217 Cannon House Office Building
Washington, DC  20515
202-225-6536
202-225-5604 (fax)
Richard Eddings: Scheduler

11:45 AM The Honorable Wally Herger    Steve/Linda/Karl
US House of Representatives
2268 Rayburn House Office Building
Washington, DC  20515-0502
202-225-3076
202-225-1740 (fax)
Ms. Cherstyn Monson, Scheduler
R-CA-2nd District

1:00 PM The Honorable George Radanovich   Steve/Linda/John
US House of Representatives
123 Cannon House Office Building
Washington, DC  20515-0519
202-225-4540
202-225-3402 (fax)
Lisa Wallace:  Scheduler

1:45 PM The Honorable Adam Smith     Steve/Chris/Bruce
  116 Cannon House Office Building
  Washington, DC  20515-4709
  202-225-8901
  202-225-5893 (fax)
  Contact:  Ali Weise (Chief of Staff)
  (D-WA)

2:30 PM The Honorable Ed Royce     Steve/John/Karl
2202 Rayburn House Office Building
Washington, DC  20515-0539
202-225-4111
202-226-0335 (fax)
Joan Korich: Scheduler
(Steve Kean and John Shelk)

3:30 PM The Honorable David Dreier    Steve/Linda
  Meet @ H312
Contact Information, only:
Office @ US House of Representatives
237 CHOB
Washington, DC  20515
202-225-2305
202-225-7018 (fax)
Scheduler: Janice McKinney

4:00 PM The Honorable John T. Doolittle (R-CA-4th District)
Steve/John/Karl
2410 Rayburn House Office Building
Washington, DC  20515-0504
Scheduler, Danielle Constantini.
202-225-2511
202-225-5444 (fax)
(Steve Kean and John Shelk)

4:30 PM The Honorable Greg Walden    Steve/John
US House of Representatives
1404 Longworth House Office Building
Washington, DC  20515-3702
202-225-6730
202-225-5774 (fax)
Scheduler:  Melissa Galvan
(Steve Kean and John Shelk)

5:15 PM Pickup at Longworth House Office Building
  Ed Washington, White,s Limousine
  703-521-2100
  703-926-0034 (cell phone)
  Driver will take Steve to DCA

6:00 PM Flight Leaves DCA


After 23 years of service to Enron, Alberto Gude retired on April 30, 2000.
On behalf of the many personnel that knew and worked with Alberto, I want to
thank him for his dedication to Enron and also for his friendship and
mentoring that he provided to so many.  We wish Alberto, his wife Maria, and
their children Steven and Michelle all our very best.

Following Alberto,s retirement, the following organizational changes will
take place immediately within the  IT Compliance group.

Andrew Parsons, Senior Director, will be responsible for all Corp. IT
Compliance activities.  Andrew will report directly to me.

Mark Thibodeaux, Director, will continue working primarily on information
security evaluations and technical reviews.  Mark has 16 years of experience
as an IT security expert and ten years as a CPA.

Stephen Simpson recently joined IT Compliance as a director.  Steve came to
Enron with 8 years of experience in Arthur Andersen,s Computer Risk
Management practice.   Steve will focus on application risk management.

The Corp. IT Compliance group is responsible for enterprise wide information
technology reviews and IT risk management compliance activities.  These
activities include ensuring that our systems and related processes are
secure, available, operating with integrity and are adhering to audit
standards developed in conjunction with Arthur Andersen.

Please join me in congratulating Andrew, Mark and Steve on their new
responsibilities.


Kim:
I tried to find Mara Bronstein in the address book, but I could not find her name.  I'm hoping you can help me.  Do you know if there is a Griffith spreadsheet for Nov?  My last day with Enron is next Thursday and I'm trying to complete Citizens before I go.

Megan


Here are the descriptions again.
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/08/99 08:58 AM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           09/03/99 04:05 PM

To: Alan B Aronowitz/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT
cc: Jeffrey T Hodge/HOU/ECT@ECT
Subject: Re: EnronOnline Market Descriptions

Here's the final liquids descriptions!
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/03/99 04:05 PM
---------------------------

Awais Omar
09/03/99 02:12 PM
To: Tana Jones/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES
cc:
Subject: Re: EnronOnline Market Descriptions

Tana, Steven,  here are the last three descriptions

Steven I have a special favour to ask.  All the descriptions were written by
the commercial groups and they are a bit scanty on regulatory in places.
The following descriptions need some attention which I would appreciate if
someone from your dept could give.

LPG  This is missing a complete section.  Is it possible to insert a couple
of paragraphs here.
US Nat Gas A have written this anfroma alot of material I got fromt he
group.  However I still feel the reg section is more of a historical
recounter than a statement of the current environment.  The last paragraph
mentions about the reg bodies for LDC's.  Is it possible to add a little bit
more on the current reg bodies and regulations themselves.

Thanks

Awais

---------------------- Forwarded by Awais Omar/LON/ECT on 03/09/99 19:57
---------------------------

Awais Omar
03/09/99 18:34
To: Steven J Kean/HOU/EES@EES
cc:
Subject: Re: EnronOnline Market Descriptions

Steven,

attached in the document are the next four descriptions.  Only 3 o/s now ont
he liquids markets.  I will try to get these to you today as well.

Thanks

Awais
44 171 970 7377

---------------------- Forwarded by Awais Omar/LON/ECT on 03/09/99 18:34
---------------------------

Awais Omar
03/09/99 18:31
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: EnronOnline Market Descriptions

Sorry for the delay.

Here are the next four descriptions.

Only the three liquids one waiting now.

I have sent these to David Forster in our Project group to review first
before I send them to yourself.  If I don't get them back today I will send
them over the weekend so they are there for you on Monday.

Could you please send me comments back on all the other descriptions today.
Is your fax machine at your end OK?  It's just that the other fax you sent
came through a dark background making the comments a little hard to read.

My fax is 44 171 316 5420.

Awais

	Enron Capital & Trade Resources Corp.

	From:  Tana Jones                           01/09/99 23:13

To: Awais Omar/LON/ECT@ECT
cc:
Subject: Re: EnronOnline Market Descriptions

Awais,

I have forwarded the descriptions you have sent us thus far to the respective
Legal Trading Lawyers to sign off as far any legal issues we may have with
the descriptions.  I understand your deadline is the end of the week.

When can I expect the remaining descriptions?


Shemin Proctor (an outside lawyer who is helping with gas contracts) will be looking in to this.  Sarah Bruck (Enron Legal Specialist) may have some documentation questions.

Thanks,

Kay

-----Original Message-----
From: Price, Wade R.
Sent: Tue 2/19/2002 2:23 PM
To: Mann, Kay
Cc: Dhont, Margaret; Hall, Bob M.; Dickson, Stacy E.; Richardson, Stacey; Germany, Chris; Kelly, Katherine L.
Subject: Termination / Release letters for Producers on Dominion Transmission

Kay - Thanks for your attention and assistance in this matter.

Several  gas producers are flowing gas through Dominion Transmission pipeline to Enron's pool.  They have terminated their contracts with Enron, or have sent documents to us to terminate their contracts with Enron. They are calling now requesting letters confirming termination of their contracts and/or letters releasing their gas on Dominion Transmission's pipe from Enron's pool in order to satisfy Dominion Transmission's requirement for proof of termination and/or release of gas back to the producers.  Dominion Transmission is holding these producers' gas and is not letting the producers sell their gas to other buyers.

I have been trying for the last three weeks to discover the route these requests need to pass through in order to get the aforementioned termination and release notices. I have met with little success and fewer answers. Prior to my being involved, Nelson Ferries had forwarded a few requests through Contracts and Legal and had Fred Lagrasta sign off on them.  I also talked to several people last week in Contracts and Legal asking for help, but a process does not seem to be in place.

Please advise as to how quickly we can act on these requests.  Producers are fearful of not being able to sell their January 2002 gas (ie. not getting paid) and are facing severe financial hardships.  Please advise as to what I can provide or help out with this process.

A list of producers is provided below.  I am sure more producers will call.

Thanks  WRP

The following producers have been calling requested such letters:
                                                                        Master Log
Producers               Contract        Contact         Phone           Status                  Comments

Seneca Gas Ltd. 96096115        John Seffe      818-884-2447    No Document             Sent termination notice to Fred LaGrasta 2/11/02.

                                                                                Needs release letter for Dominion.

Triad Energy of W Va    96002218        Kin Arnold      740-374-2940    Terminated 12/31/01     Needs release letter for Dominion.

Pacific Atlantice Resc  96002421        Harry Slack     304-782-1911    Letter To Term 11/05/01 New letter 2/15/02. Needs release letter for Dominion.

                                                                        Eff 12/31/01

Megan Oil & Gas 96029639        Roy Hildreth    304-927-2130    Ternminated 1/31/02     Needs release letter for Dominion.

Pentex Energy Inc       96030056        Cheryl Graff    724-349-0600    Terminated 12/31/01     Needs release letter for Dominion.

                        96040788
                        96052976

Virco Inc               EES Customer    Thomas Palmer   740-373-8385    Letter to Term 11/28/01 Was Sent to Jim Javins in Ohio, forwarded to me,

                                                                        Eff 1/1/02              forwarded to Credit War Room. Needs release letter for Dominion.


Total Trades for Day	  	 247

 	 EOL Trades for Day	  	 163

 	 EPMI ICE Trades	  	 11

 	 EOL Deals	 From: 11/01/2001   To: 11/28/2001	  	 EnPower	 From: 11/01/2001   To: 11/28/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 659	 10,787,184	  	 EPMI Long Term California	 68	 3,144,593
 	 EPMI Long Term Northwest	 392	 5,539,400	  	 EPMI Long Term Northwest	 195	 5,560,568
 	 EPMI Long Term Southwest	 443	 10,867,285	  	 EPMI Long Term Southwest	 281	 18,867,898
 	 EPMI Short Term California	 1,771	 2,314,992	  	 EPMI Short Term California	 636	 1,347,358
 	 EPMI Short Term Northwest	 973	 1,071,560	  	 EPMI Short Term Northwest	 425	 688,999
 	 EPMI Short Term Southwest	 1,234	 1,834,624	  	 EPMI Short Term Southwest	 689	 2,567,821
 	 Real Time	 1,418	 36,075	  	 Real Time	 537	 45,688

 	 Grand Total	 6,890	 32,451,120	  	 Grand Total	 2,831	 32,222,925

 	 EOL Deals	 From: 11/28/2001   To: 11/28/2001	  	 EnPower	 From: 11/28/2001   To: 11/28/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 12	 184,400	  	 EPMI Long Term California	 0	 0
 	 EPMI Long Term Northwest	 9	 90,800	  	 EPMI Long Term Northwest	 11	 343,544
 	 EPMI Long Term Southwest	 13	 580,750	  	 EPMI Long Term Southwest	 12	 317,430
 	 EPMI Short Term California	 44	 49,376	  	 EPMI Short Term California	 24	 52,082
 	 EPMI Short Term Northwest	 21	 13,760	  	 EPMI Short Term Northwest	 11	 10,240
 	 EPMI Short Term Southwest	 32	 96,080	  	 EPMI Short Term Southwest	 14	 32,088
 	 Real Time	 32	 800	  	 Real Time	 24	 2,346

 	 Grand Total	 163	 1,015,966	  	 Grand Total	 96	 757,730

 	 EOL Deals	 From: 11/28/2001   To: 11/28/2001	  	 EOL Deals	 From: 11/28/2001   To: 11/28/2001
 	 Long Term West Management	 Total Deals	 Total MWH	  	 Short Term West BOM	 Total Deals	 Total MWH
 	 Daily	 0	 0	  	 Daily	 0	 0
 	 Month-to-Date EOL	 9	 2,200	  	 Month-to-Date EOL	 0	 0
 	 Enpower daily deals	 0	 0	  	 Enpower daily deals	 0	 0
 	 Month-to-Date Enpower	 2	 2,003	  	 Enpower daily deals	 0	 0

 	 EOL Deals	 From: 11/28/2001   To: 11/28/2001
 	 EPMI California Services	 Total Deals	 Total MWH
 	 Daily	 0	 0
 	 Month-to-Date	 0	 0
 	 Enpower daily deals	 0	 0

 	 ICE Volumes	 From: 11/28/2001   To: 11/28/2001
 	 Delivery Point	 Total MWH	 EPMI MWH	  Price

 	 Cob (P, Next Day)
 	 Mid C (P, Next Day)
 	 Mid C (OP, Next Day)
 	 Mid C (P, Bal Month)
 	 Mid C (P, Dec-01)
 	 Mid C (P, Jan-02)
 	 Mid C (P, Feb-02)
 	 Mid C (P, Q3 02)
 	 NP-15 (HE 1800)
 	 NP-15 (HE 1900)
 	 NP-15 (HE 2000)
 	 NP-15 (P, Next Day)
 	 NP-15 (OP, Next Day)
 	 NP-15 (P, Bal Month)
 	 NP-15 (P, Dec-01)
 	 Palo (HE 1000)
 	 Palo (HE 1100)
 	 Palo (HE 1200)
 	 Palo (HE 1300)
 	 Palo (HE 1400)
 	 Palo (HE 1500)
 	 Palo (P, Next Day)
 	 Palo (OP, Next Day)
 	 Palo (OP, Bal Month)
 	 Palo (P, Dec-01)
 	 Palo (P, Jan-02)
 	 Palo (P, Mar-02)
 	 Palo (P, Q3 02)
 	 Palo (P, Q4 02)
 	 Palo (P, Q1 03)
 	 SP-15 (HE 0900)
 	 SP-15 (HE 1700)
 	 SP-15 (HE 2100)
 	 SP-15 (HE 2200)
 	 SP-15 (P, Next Day)
 	 SP-15 (OP, Next Day)
 	 SP-15 (P, Dec-01)
 	 SP-15 (P, Feb-02)
 	 SP-15 (P, Mar-02)
 	 SP-15 (Q1 02)

 	 Grand Total


Chance, could you please give positions for 2005 and 2006 on a monthly basis the same way as it was done for 2002-2004 (look at the files below). If it is possible, we would need to have it by 4 pm for the meeting. Call me if you have any questions.

Best Regards,
Elena

Elena E. Chilkina
Enron Americas
office: 713.853.4305
cell:    713.302.2619
Elena.Chilkina@enron.com

Physical positions by month for 2002 - 2004 and by year for 2005 and beyond.

Financial positions by month for 2002 - 2004 and by year for 2005 and beyond.

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: louis.dicarlo@enron.com

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

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GCOUCH>
To: Garza, Maria </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mgarza1>, Dicarlo, Louis </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ldicarlo>, McMichael Jr., Ed </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Emcmich>
Date: Tuesday, March 19, 2002 5:46:40 GMT
Subject:

Same details as prior e-mail.  These are for physical positions.

Let me know if you have questions.

Greg

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

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GCOUCH>
To: Garza, Maria </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mgarza1>, Dicarlo, Louis </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ldicarlo>, McMichael Jr., Ed </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Emcmich>
Date: Tuesday, March 19, 2002 5:25:35 GMT
Subject:

Here are the files containing in-the-money live position data.  There are 4 files : 2002 monthly, 2003 monthly, 2004 monthly and 2005 out yearly.  The summary information is on the "Financial Book Positions" tab.

I did not consolidate them into one report just in case you needed to look at the supporting information.

The physical files should be ready within the next few minutes.

Let me know if you have questions.

Greg


EOL and Peoples transaction explain year and quarter.  The biggest reason is
EOL.  I think the month to date numbers are up because we are experiencing an
increase in EOL trading in the Gulf Coast Region.  Let me know if you need
more info.

Hunter


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MsgId:
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Message-Recipient: benjamin.rogers@enron.com


Thank you!  SRS

Kevin Hannon @ ENRON COMMUNICATIONS on 04/23/2001 10:33:09 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re:

Sherri,

Put me down for $750

Kevin

	Jeff Skilling@ENRON
	Sent by: Sherri Sera@ENRON
	04/23/01 09:33 AM

		 To: Kevin Hannon/Enron Communications@ENRON COMMUNICATIONS
		 cc:
		 Subject: Re:

Ok, I'll tell you what I've told everyone else - the pledges Jeff has
received range from $20 to $6000.  So, pledge with your heart, keeping your
pocketbook in mind!  By the way, Jeff finished the ride in just over 14
hours!  SRS

Kevin Hannon @ ENRON COMMUNICATIONS on 04/20/2001 01:56:56 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re:

No matter how much I have, its never enough.

Kevin

	Jeff Skilling@ENRON
	Sent by: Sherri Sera@ENRON
	04/20/01 10:45 AM

		 To: Kevin Hannon/Enron Communications@ENRON COMMUNICATIONS
		 cc:
		 Subject: Re:

How much to you have?!  SRS

Kevin Hannon @ ENRON COMMUNICATIONS on 04/20/2001 08:03:14 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re:

OK Sherri how much do you want?

Kevin

	Jeff Skilling@ENRON
	Sent by: Sherri Sera@ENRON
	04/19/01 05:18 PM

		 To: Cliff Baxter/HOU/ECT@ECT, Rick Buy/HOU/ECT, Ben Glisan/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Jeffrey Sherrick/Corp/Enron, Philippe A
Bibi/HOU/ECT, Michael Brown/NA/Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A Hughes/ENRON_DEVELOPMENT,
Louise Kitchen/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT, Greg
Piper/Corp/Enron, John Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Janet
R Dietrich/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Matthew
Scrimshaw/LON/ECT@ECT, David Cox/Enron Communications@Enron Communications,
Kevin Hannon/Enron Communications@Enron Communications, Rod
Hayslett/FGT/Enron, Stan Horton/Houston/Eott@Eott, Danny
McCarty/ET&S/Enron@Enron
		 cc:
		 Subject:

I know how incredibly busy you all are, so I'm sure that making a pledge to
Jeff for the MS150 has simply slipped your mind.  Well the ride is this
weekend, time is running out and we need you!

Enron's goal is to raise $700,000, and Jeff's personal goal is to raise
$50,000.  As of today, we are a little better than half way there.  Won't you
consider helping him reach his goal?

Thanks for your consideration.  I look forward to hearing from you tomorrow...

Sherri :-)


Please find attached confirmations.


Please schedule a meeting with Caroline about her needs

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 01/02/2001
04:58 PM ---------------------------

Chris Gaskill@ENRON
12/27/2000 04:31 PM
To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: RE: New York Office Requests

Hunter,

I wanted your opinion on how to respond to the following e-mail.  It sounds
like Caroline Abramo is sharing some of Mike's research and the Fundamentals
research with some of the hedge funds.  Do we want to keep sending her the
information or limit it to certain pieces of research.  Do we make any/enough
money off of their business to provide them with our internal research?  I
have told her in the past that the quarterly production numbers that we
provide are for internal use only, but it sounds like some of the information
is going outside of Enron.  Let me know what you think.

Chris
---------------------- Forwarded by Chris Gaskill/Corp/Enron on 12/27/2000
04:29 PM ---------------------------

Caroline Abramo
12/26/2000 04:21 PM
To: Chris Gaskill/Corp/Enron@Enron
cc: Jennifer Fraser/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Vikas
Dwivedi/NA/Enron@Enron

Subject: RE: industrials

Chris - this is feedback on Elena's sheets - the ones she puts together as
part of Mike Robert's Monday package.  I think they have real potential to be
very valuable but we could use a bit more digging on them- the feedback is
from Dwight Anderson at Tudor who has been in the commodity markets for years
and who has a very fundamental approach to his positions- one of his major
tenants is that industrials (chemicals) can not produce at above $7 gas - he
has done in-depth analysis of this and probably has a number in mind for how
much comes onto the market at these levels- I will try to ascertain. He also
wholeheartedly believes that more production will come in 02 and will see
prices go below current levels- I know Sachin is working on the production
numbers- it would like to see us project these out a bit further and have the
historical production data as well - in order to see how extreme the changes
in production have been.

The info that the funds share with us is very privileged - we generally do
not share it with many people- I'd like to include you on discussions so that
we can help them with their views as well as ours to bang out better trading
strategies

Unfortunately, I have not been able to get into the fundamental site in NY
but I am working on it.  I am sure a lot of this info is up there.

Rgds,
CA
212 702 3910

---------------------- Forwarded by Caroline Abramo/Corp/Enron on 12/26/2000
04:33 PM ---------------------------

Dwight Anderson <Dwight.Anderson@tudor.com> on 12/22/2000 06:32:54 PM
To: "'Caroline.Abramo@enron.com'" <Caroline.Abramo@enron.com>
cc:

Subject: RE: industrials

what do the ally cutbacks mean in mcf per day
what is the impact of the integrated steel plants running at 70% of capacity
(number released weekly) mean to power demand and hence demand for nat gas
what is going on re. nat gas liquids being stripped out? i.e. dynegy and
mitchell etc. have all announced full or partial closures of stripping
facilities as economics aren't there.  someone shld be tracking what this
means in mcf per day
why won't utilities give you utilization of plants by fuel type, as they do
in nuclear, so you can track power demand by fuel type
how much nat gas demand is being lost cuz nat gas ethylene producers have
shut down as margins are too low vs. their naptha based competitors.  etc.
etc.
where do we stand on switching vs. resid, diesel etc. etc.

i could go on, but i think i've made my point; what is in the report is
good, but it's incomplete and not totaled with some summary conclusions.
it's only the very easy, first derivative demands/closures.  it could add
real value by looking for alternative data points that aren't as easily
tracked by the market.

-----Original Message-----
From: Caroline.Abramo@enron.com [mailto:Caroline.Abramo@enron.com]
Sent: Friday, December 22, 2000 11:04 AM
To: Dwight.Anderson@tudor.com
Subject: industrials

D- not sure if we ever showed this to you- once a week we update all the
plant closures for ammonia, methanol, and aluminium smelters and the
resulting gas and power that's back on the market.  these pages are in back
of the weather.  please let me know what you think of these- elena, our
analyst in houston is always looking for feedback which is hard to get
because the report only circulates internally.

(See attached file: EnronWx121800.pdf)


Thanks.

Vince

Stinson Gibner
04/16/2001 04:47 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: recommendation of an outstanding Baylor MBA student for summer
internship

I have talked twice to Althea.  Once last week and once after your email this
morning.  She has told me both times that she would arrange with Shirley to
put Rusty on your schedule and on mine.

--Stinson

Vince J Kaminski
04/16/2001 04:19 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Re: recommendation of an outstanding Baylor MBA student for summer
internship

Stinson,

A reminder.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/16/2001
04:19 PM ---------------------------

Vince J Kaminski
03/31/2001 10:17 AM
To: Jim Garven <James_Garven@baylor.edu> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT
Subject: Re: recommendation of an outstanding Baylor MBA student for summer
internship

Jim,

I shall contact Althea and make sure Rusty meets with the Research Group
members.

Vince

Jim Garven <James_Garven@baylor.edu> on 03/28/2001 01:01:42 PM
To: Stinson_Gibner@enron.com
cc: vince_j_kaminski@enron.com
Subject: recommendation of an outstanding Baylor MBA student for summer
internship

Dear Stinson,

I would like to call your attention to Rusty Parks, who is an MBA student
here and has been serving as my research assistant since last fall.? Rusty is
a very outstanding individual with a very impressive work ethic and interest
in topics such as financial engineering and technology, particularly as these
issues pertain to the energy industry.?? In fact, you met Rusty during your
recent visit to Baylor (specifically, last month over dinner at the Gamma
Iota Sigma chartering  ceremony).

I happen to know that Rusty is already scheduled to visit Enron for an
interview for a summer internship on April 19.? He has been invited by Althea
Gordon.? If there is any possibility that you could meet with him during his
visit, I am sure that he would be most grateful.?  Rusty is one of the very
best research assistants I have ever had, and I am sure that Enron would
benefit from having him aboard during the coming summer.

Sincerely,

Jim Garven

P.S.: Please find Rusty's resume attached to this email.

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail: James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________
 - Rusty Parks Resume.doc


If you cannot read this email, please click here .

Earnings.com - News
Earnings.com 	[IMAGE]
	     AXP   29.17 -0.15    American Express Company Reports Third Quarter Net Income of $298 Million(millions, except per share amounts) Quarter Percentage Nine Percentage Ended Inc/ Months Inc/ September 30 (Dec) Ended (Dec) September 30 2001 2000 2001 2000 Net Income* $298 $737 (60%) $1,014 $2,133 (52%) Net Revenues** $5,478 $5,554 (1%) $15,770 $16,371 (4%) Per Share Net Income Basic $0  23 $0.56 (59%) $0.77 $1.61 (52%) Diluted $0.22 $0.54 (59%) $0.76 $1.57 (52%) Average Common Shares Outstanding Basic 1,324 1,326 -- 1,323 1,328 -- Diluted 1,335 1,361 (2%) 1,338 1,361 (2%) Return on Average Equity 14.2% 25.5% -- 14.2% 25.5% --   NEW YORK, Oct 22, 2001 /PRNewswire via COMTEX/ -- American Express Company (NYSE: AXP) today reported third quarter net income of $298 million, down 60 percent from $737 million in the same period a year ago. Diluted earnings per share were $.22, down 59 percent from a year ago. Net revenues on a managed basis totaled $5.5 billion, down one percent from $5.6 billion a year ago. The company's return on equity was 14.2 percent.   Results for the third quarter were negatively affected by two significant items: a previously announced restructuring charge of $352 million pre-tax ($232 million after-tax) and the impacts from the September 11th terrorist attacks.   The September 11th events resulted in certain one-time costs and business interruption losses, including: provisions related to credit exposures to travel industry service establishments, insurance claims, and waived finance charges and late fees. The combination of these items totaled approximately $98 million pre-tax ($65 million after-tax).   The company also incurred costs of approximately $42 million since September 11th, which are expected to be covered by insurance. Consequently, these costs did not impact the quarterly results. These include the cost of duplicate facilities and equipment associated with the relocation of the company's offices in lower Manhattan and certain other business recovery expenses. Costs associated with the damage to the company's offices, extra operating expenses and business interruption losses are still being evaluated. The company expects that a substantial portion ofgh its Ists and losses will be covered by insurance.   The third quarter restructuring charge includes severance costs for the elimination of approximately 6,100 jobs and asset impairment and other costs, all relating to the consolidation and reorganization of certain business units, the scale back of corporate lending in certain regions, the migration of certain processes to lower cost locations, the outsourcing of certain activities, and the transition of certain processing and service functions to the Internet. These initiatives are expected to produce expense savings of approximately $325 million in 2002. A portion of these savings is expected to flow through to earnings in the form of improved operating expense margins and the rest is expected to be reinvested back into high-growth areas of the business.   In addition to the activities related to the restructuring charge, the company made strong progress on its global reengineering efforts initiated in the first half of the year and, as of September 30, had realized savings in excess of $700 million.   Net income for the third quarter, adjusted for the restructuring and one-time costs related to September 11th, was approximately $595 million, down 19 percent. On a similar basis, earnings per share were $.45, down 17 percent. The company's adjusted return on equity was 16.7 percent.   "While we were on target to meet prior consensus for third quarter earnings, the terrorist attacks obviously had a significant impact on the overall economy and we saw clear evidence of that as consumer spending, business travel and investment activity slowed after September 11th," said Kenneth I. Chenault, chairman and chief executive officer, American Express Company. "In light of the weak economy and financial markets, we are moving aggressively to lower our operating expenses. The progress we are making on our reengineering initiatives has freed up substantial resources for investment in our businesses with the strongest growth potential. This, along with the anticipated benefit of lower interest rates and the strategies in place to grow our franchise, positions us well to benefit when we see even a modest improvement in the economy."   Travel Related Services (TRS) reported quarterly net income of $248 million, down 51 percent from $507 million in the third quarter a year ago. Included in third quarter results are $195 million pre-tax ($127 million after-tax) of the restructuring charge noted earlier. Also included in the results are $87 million pre-tax ($57 million after-tax) of one-time costs and waived fees directly related to the September 11th terrorist attacks. Excluding these costs and the restructuring charge, TRS' net income would have been $432 million, down 15 percent from the third quarter last year.   TRS' net revenues rose two percent, as growth in loans and fee revenues were partly offset by a three percent decline in billed business and a 28 percent fall in travel sales. These declines reflect a substantial decrease in corporate travel and entertainment spending and consumer travel since September 11th. Prior to September, billed business growth for the quarter was about two percent as higher consumer and small business spending offset a decline in corporate travel and entertainment spending. Net finance charge revenues were higher, due to balance growth and wider net interest yields. This increase reflects a smaller percentage of loan balances on introductory rates and the benefit of declining interest rates during the quarter.   The provision for losses on the lending portfolios grew as a result of higher volumes and an increase in U.S. lending write-off rates and delinquencies. Marketing and promotion expenses were lower as TRS scaled back certain marketing efforts in light of the weaker business environment. Operating expenses rose, reflecting increased Cardmember loyalty programs and business volumes. These expenses were partly offset by the benefits of reengineering and cost-control efforts.   The above discussion presents TRS results "on a managed basis" as if there had been no securitization transactions, which conforms to industry practice. The attached financials present TRS results on both a managed and reported basis. Net income is the same in both formats.   On a reported basis, TRS' results included securitization gains of $29 million pre-tax ($19 million after-tax) and $26 million pre-tax ($17 million after-tax) in the third quarters of 2001 and 2000, respectively. These gains were offset by expenses related to card acquisition activities and therefore had no material impact on net income or total expenses.   American Express Financial Advisors (AEFA) reported quarterly net income of $145 million, down 46 percent from $269 million in the third quarter a year ago. Net revenues decreased 14 percent. Included in third quarter results are $62 million pre-tax ($41 million after-tax) of the restructuring charge noted earlier and $11 million pre-tax ($8 million after-tax) of insurance claims directly related to September 11th. Excluding these items, AEFA's net income would have been $194 million, down 28 percent from last year.   AEFA results reflect continued weakness in equity markets and narrower spreads on the investment portfolio. The weakened equity markets led to significantly lower asset levels and lower sales of investment products. As a result, management and distribution fees fell 15 percent.   Operating expenses, excluding the above-mentioned charges, decreased four percent from a year ago due primarily to lower sales commissions and continued reengineering and cost-control initiatives.   As of September 30th, approximately 4 percent of the company's $33 billion investment portfolio consisted of high-yield securities, down from 12 percent a year ago and 8 percent last quarter. The reduction reflects the activities to date to lower the risk profile of the portfolio and concentrate on stronger credits.   American Express Bank (AEB) reported a quarterly net loss of $43 million, compared with $7 million of net income a year ago. Included in third quarter results are $84 million pre-tax ($57 million after-tax) of the restructuring charge noted earlier. Excluding these charges, AEB's net income would have been $15 million, approximately double the earnings recorded in the same period last year.   While AEB sustained damage to its premises due to the September 11th terrorist attacks, the costs are expected to be covered by insurance. Consequently, these costs did not impact AEB's quarterly results.   AEB's business results reflect strong performance in Personal Financial Services and Private Banking. Results also benefited from lower funding costs and lower operating expenses as a result of AEB's reengineering efforts. These were offset in part by higher provisions for losses due to higher Personal Financial Services loan balances, and lower revenue from Corporate Banking as the company continues to shift its focus to Personal Financial Services and Private Banking.   Corporate and Other reported net expenses of $52 million, compared with $46 million a year ago. Included in third quarter 2001 results are $11 million pre-tax ($7 million after-tax) of the restructuring charge noted earlier.   American Express Company (http://www.americanexpress.com ), founded in 1850, is a global travel, financial and network services provider.   Note: The 2001 Third Quarter Earnings Supplement will be available today on the American Express web site at http://ir.americanexpress.com . In addition, an investor conference call to discuss third quarter earnings results, operating performance and other topics that may be raised during the discussion will be held at 5:00 p.m. (ET) today. Live audio of the conference call will be accessible to the general public on the American Express web site at http://ir.americanexpress.com . A replay of the conference call also will be available today at the same web site address.   This document contains forward-looking statements that are subject to risks and uncertainties. The words "believe", "expect", "anticipate", "intend", "aim", "will", "should", and similar expressions are intended to identify these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following:   Fluctuation in the equity markets, which can affect the amount and types of investment products sold by AEFA, the market value of its managed assets, and management and distribution fees received based on those assets; potential deterioration in the high-yield sector and other investment areas, which could result in further losses in AEFA's investment portfolio; the ability of AEFA to sell certain high- yield investments at expected values and within anticipated time frames and to maintain its high-yield portfolio at certain levels in the future; developments relating to AEFA's new platform structure for financial advisors, including the ability to increase advisor productivity, moderate the growth of new advisors and create efficiencies in the infrastructure; AEFA's ability to effectively manage the economics in selling a growing volume of non-proprietary products to clients; investment performance in AEFA's businesses; the success, timeliness and financial impact, including costs, cost savings and other benefits, of reengineering initiatives being implemented or considered by the Company, including cost management, structural and strategic measures such as vendor, process, facilities and operations consolidation, outsourcing, relocating certain functions to lower cost overseas locations, moving internal and external functions to the Internet to save costs, the scale back of corporate lending in certain regions, and planned staff reductions relating to certain of such reengineering actions; the ability to control and manage operating, infrastructure, advertising and promotion and other expenses as business expands or changes, including balancing the need for longer term investment spending; the Company's ability to recover under its insurance policies for losses resulting from the September 11th terrorist attacks; consumer and business spending on the Company's travel related services products, particularly credit and charge cards and growth in card lending balances, which depend in part on the ability to issue new and enhanced card products and increase revenues from such products, attract new cardholders, capture a greater share of existing cardholders' spending, sustain premium discount rates, increase merchant coverage, retain Cardmembers after low introductory lending rates have expired, and expand the global network services business; successfully expanding the Company's on-line and off-line distribution channels and cross-selling financial, travel, card and other products and services to its customer base, both in the U.S. and abroad; effectively leveraging the Company's assets, such as its brand, customers and international presence, in the Internet environment; investing in and competing at the leading edge of technology across all businesses; increasing competition in all of the Company's major businesses; fluctuations in interest rates, which impacts the Company's borrowing costs, return on lending products and spreads in the investment and insurance businesses; credit trends and the rate of bankruptcies, which can affect spending on card products, debt payments by individual and corporate customers and returns on the Company's investment portfolios; foreign currency exchange rates; political or economic instability in certain regions or countries, which could affect commercial lending activities, among other businesses; legal and regulatory developments, such as in the areas of consumer privacy and data protection; acquisitions; and outcomes in litigation. A further description of risks and uncertainties can be found in the Company's 10-K Annual Report for the fiscal year ending December 31, 2000 and other reports filed with the SEC.         * Included in 2001 net income are two significant third quarter items: a       restructuring charge of $352 million pre-tax ($232 million after-tax)       and one-time costs (including waived fees) of $98 million pre-tax       ($65 million after-tax) resulting from the September 11, 2001 terrorist       attacks.     ** Net revenues are presented on a managed basis.     (Preliminary)                              AMERICAN EXPRESS COMPANY                                 FINANCIAL SUMMARY                                    (Unaudited)     (Dollars in millions)                                           Quarters Ended                                            September 30,                                                                   Percentage                                        2001            2000        Inc/(Dec)     NET REVENUES (MANAGED BASIS)(A)       Travel Related Services       $ 4,466         $ 4,400            2%       American Express        Financial Advisors               908           1,052          (14)       American Express Bank             165             146            13                                       5,539           5,598           (1)     Corporate and Other,      including adjustments      and eliminations                   (61)            (44)         (37)     CONSOLIDATED NET REVENUES      (MANAGED BASIS)(A)             $ 5,478         $ 5,554           (1)     PRETAX INCOME (LOSS)(B)       Travel Related Services          $316            $721          (56)       American Express        Financial Advisors               194             387          (50)       American Express Bank             (62)              8            --                                         448           1,116          (60)     Corporate and Other                 (94)            (87)          (9)     PRETAX INCOME(B)                   $354         $ 1,029          (66)     NET INCOME (LOSS)(B)       Travel Related Services          $248            $507          (51)       American Express        Financial Advisors               145             269          (46)       American Express Bank             (43)              7            --                                         350             783          (55)     Corporate and Other                 (52)            (46)         (13)     NET INCOME(B)                      $298            $737          (60)     (A)  Managed net revenues are reported net of interest expense, where          applicable, and American Express Financial Advisors' provision for          losses and benefits, and exclude the effect of TRS' securitization          activities.     (B)  Included in 2001 income are two significant third quarter items, a          restructuring charge of $352 million ($232 million after-tax), and          one-time costs (including waived fees) of $98 million ($65 million          after-tax) resulting from the September 11, 2001 terrorist attack on          New York City.     (Preliminary)                              AMERICAN EXPRESS COMPANY                                 FINANCIAL SUMMARY                                    (Unaudited)     (Dollars in millions)                                        Nine Months Ended                                          September 30,                                                                   Percentage                                        2001            2000       Inc/(Dec)     NET REVENUES (MANAGED BASIS)(A)       Travel Related Services      $ 13,575        $ 12,898            5%       American Express        Financial Advisors             1,876           3,153          (40)       American Express Bank             481             447             8                                      15,932          16,498           (3)     Corporate and Other,     including adjustments      and eliminations                  (162)           (127)         (28)     CONSOLIDATED NET REVENUES      (MANAGED BASIS)(A)            $ 15,770        $ 16,371           (4)     PRETAX INCOME (LOSS)(B)       Travel Related Services        $1,783          $2,073          (14)       American Express      Financial Advisors                (243)          1,138            --     American Express Bank               (30)             26            --                                       1,510           3,237          (53)     Corporate and Other                (262)           (242)          (9)     PRETAX INCOME(B)                 $1,248         $ 2,995          (58)     NET INCOME (LOSS)(B)       Travel Related Services        $1,289          $1,460          (12)       American Express        Financial Advisors              (110)            790            --       American Express Bank             (22)             22            --                                       1,157           2,272  (49)     Corporate and Other                (143)           (139)          (2)     NET INCOME(B)                    $1,014          $2,133          (52)     (A) Managed net revenues are reported net of interest expense, where          applicable, and American Express Financial Advisors' provision for          losses and benefits, and exclude the effect of TRS' securitization          activities.     (B) Included in 2001 income are two significant third quarter items, a          restructuring charge of $352 million ($232 million after-tax), and          one-time costs (including waived fees) of $98 million ($65 million          after-tax) resulting from the September 11, 2001 terrorist attack on          New York City.     (Preliminary)                              AMERICAN EXPRESS COMPANY                           FINANCIAL SUMMARY (CONTINUED)                                    (Unaudited)                                         Quarters Ended                                           September 30,                                                                  Percentage                                        2001            2000       Inc/(Dec)     EARNINGS PER SHARE     BASIC       Earnings Per Common Share      $ 0.23          $ 0.56         (59)%     Average common shares      outstanding (millions)           1,324           1,326           --     DILUTED     Earnings Per Common Share        $ 0.22          $ 0.54          (59)     Average common shares      outstanding (millions)           1,335           1,361           (2)     Cash dividends declared      per common share                $ 0.08          $ 0.08           --                          SELECTED STATISTICAL INFORMATION                                    (Unaudited)                                            Quarters Ended                                             September 30,                                                                Percentage                                        2001            2000     Inc/(Dec)     Return on Average Equity*          14.2%           25.5%           --     Common Shares      Outstanding (millions)           1,336           1,329            --     Book Value per Common Share:       Actual                         $ 9.16          $ 8.44            9%       Pro Forma*                     $ 8.92          $ 8.68            3%     Shareholders' Equity (billions)  $ 12.2          $ 11.2            9%     * Excludes the effect on Shareholders' Equity of SFAS No. 115 and SFAS No.       133.       The Company adopted SFAS No. 133 on January 1, 2001.     (Preliminary)                              AMERICAN EXPRESS COMPANY                           FINANCIAL SUMMARY (CONTINUED)                                    (Unaudited)                                         Nine Months Ended                                           September 30,                                                                   Percentage                                        2001            2000        Inc/(Dec)     EARNINGS PER SHARE     BASIC       Earnings Per Common Share      $ 0.77          $ 1.61          (52)%     Average common shares      outstanding (millions)           1,323           1,328           --     DILUTED       Earnings Per Common Share      $ 0.76          $ 1.57          (52)     Average common shares      outstanding (millions)           1,338           1,361           (2)     Cash dividends declared      per common share                $ 0.24          $ 0.24            --                          SELECTED STATISTICAL INFORMATION                                    (Unaudited)                                         Nine Months Ended                                            September 30,                                                                  Percentage                                        2001            2000       Inc/(Dec)     Return on Average Equity*        14.2 %          25.5 %            --     Common Shares Outstanding      (millions)                       1,336           1,329            --     Book Value per Common Share:       Actual                         $ 9.16          $ 8.44            9%       Pro Forma*                     $ 8.92          $ 8.68            3%     Shareholders' Equity (billions)  $ 12.2          $ 11.2            9%     * Excludes the effect on Shareholders' Equity of SFAS No. 115 and SFAS No.       133.       The Company adopted SFAS No. 133 on January 1, 2001.       To view additional business segment financials go to:                          http://ir.americanexpress.com     SOURCE American Express Company     CONTACT:          Molly Faust, +1-201-209-5595, molly.faust@aexp.com, or Michael                   J. O'Neill, +1-201-209-5583, mike.o'neill@aexp.com, both of American Express URL:              http://www.americanexpress.com http://www.prnewswire.com
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For the past several weeks, we have been working diligently to receive the parking subsidy from Houston.  However, due to the bankruptcy filing Enron has not been able to process checks.

For the month of December, you will be personally responsible for your parking. This includes all parking lots (Lot 108, Lot 303, the WTC parking garage) and any parking validations.

If you have been parking in Lot 108, Lot 303 or Lot 2WTC, your responsibility begins 12/1/01.  For those parking in other lots, we will be unable to reimburse employees for the month of December.

For those who have a payroll parking deduction, we will stop the deduction on the 12/31/01 pay period.  Grace and I are working on a resolution plan for the monies that were deducted incorrectly, so please be patient as we work through the various issues.

It has not been determined whether Enron will continue to subsidize parking but you will be notified as soon as we receive information from Corporate.

We sincerely apologize for the insufficient notice and the inconvenience that this may have caused.  Again, thank you for the patience.  We are all trying to do our best in a difficult situation!

Human Resources
Julie Kearney
503) 464-7404

Grace Rodriguez
503) 464-8321


Today's Pulp Weekly Meeting has been cancelled.

Thanks,
Ana Alcantara


Thanks - I just did not want to drop the ball on my end by not pursuing - I
will wait to hear from you. Teresa

 -----Original Message-----
From:  Shackleton, Sara
Sent: 03/21/2001 11:48 AM
To: Callahan, Teresa
Subject: FW: Transfer of bond business from ENAC to ECI

Teresa:

Your emails have not gone unheeded!  We were facilitating things for Richard
and he needs to let us know his slate for the U.S. segment of the London
business.  We'll wait to hear from Richard.  If you have any questions please
give me a call.

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/21/2001 11:44 AM -----

	Sara Shackleton 03/20/2001 04:16 PM 	   To: Cheryl Nelson/NA/Enron, Richard
Sage/LON/ECT  cc:   Subject: FW: Transfer of bond business from ENAC to ECI

Cheryl:  Where do we stand on the ECT Credit Inc. three (3) accounts?

Richard:  Do you have the proposed U.S. slate for Teresa?  We do not know who
you want as officers/directors.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/20/2001 02:05 PM -----

	Teresa Callahan/ENRON@enronXgate 03/20/2001 01:59 PM 	   To: Sara
Shackleton/HOU/ECT@ECT  cc: Richard Sage/LON/ECT@ECT  Subject: FW: Transfer
of bond business from ENAC to ECI

Please let me know if this request should be directed to someone else's
attention or if documents have already been prepared regarding changes that
Mr. Sage requested.  Thanks for your help with this matter. Teresa

 -----Original Message-----
From:  Callahan, Teresa
Sent: 03/13/2001 8:58 AM
To: Shackleton, Sara
Subject: FW: Transfer of bond business from ENAC to ECI
Importance: High

Richard Sage has asked us to change the slate of directors and officers of
this entity to U.S. people, with the exception that perhaps Richard Sage will
retain an officer title.   Will you please provide to me a list of who the
directors will be and who the officers will be and their respective titles.
My understanding is that these elections should take place effective March 5,
2001.  Please advise or if you would like to discuss please call me at
X58444.  Thanks for your assistance.  Teresa

 -----Original Message-----
From:  Thomas, Kathryn
Sent: 03/13/2001 6:12 AM
To: Callahan, Teresa
Cc: Sage, Richard
Subject: RE: Transfer of bond business from ENAC to ECI

Teresa,

Both Richard and Bryan signed the letters on 5th March.   If you need any
other information regarding these then your best bet would be to contact
Simon Pook.

Thxs

Kath
---------------------- Forwarded by Kathryn Thomas/LON/ECT on 13/03/2001
12:10 ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
Richard Sage
13/03/2001 11:22
To: Kathryn Thomas/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI   << OLE Object:
StdOleLink >>

Can you make sure Teresa gets a date.

 << OLE Object: Picture (Device Independent Bitmap) >>
Kathryn Thomas
13/03/2001 09:46
To: Richard Sage/LON/ECT@ECT
cc:

Subject: RE: Transfer of bond business from ENAC to ECI   << OLE Object:
StdOleLink >>

Sorry no.   I gave them back to Simon Pook.    Do you want me to contact
him?

---------------------- Forwarded by Richard Sage/LON/ECT on 12/03/2001 19:24
---------------------------
From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 13:20 CST
To: Richard Sage/LON/ECT@ECT
cc: Sue Kelly/LON/ECT@ECT

Subject: RE: Transfer of bond business from ENAC to ECI

Can you tell me what date is on the resignation letters.  Thanks,  Teresa

 -----Original Message-----
From:  Sage, Richard
Sent: 03/12/2001 11:57 AM
To: Callahan, Teresa
Cc: Kelly, Sue
Subject: RE: Transfer of bond business from ENAC to ECI

Yes, Bryan and I have already signed resignation letters for Sue.

Thanks,
Richard

From: Teresa Callahan/ENRON@enronXgate on 12/03/2001 08:22 CST
To: "Sage, Richard"
<IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059-862565
F6-3FCB7D@ENRON.com>@SMTP@enronXgate
cc:

Subject: RE: Transfer of bond business from ENAC to ECI

Richard:  I am touching base with you regarding the change of officers and
directors to US resident - Are we ready to do this yet?

 -----Original Message-----
From:  Sage, Richard
[mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=875D24F9-A137C059
-862565F6-3FCB7D@ENRON.com]
Sent: 02/18/2001 9:07 PM
To: Glover, Sheila; Doukas, Tom; Wall, David; Sloman, Ian; Shackleton, Sara;
Kerr, Richard; Panus, Stephanie; Callahan, Teresa; Kelly, Sue; Bell, Stephen
Cc: O'Connell, Denis
Subject: Transfer of bond business from ENAC to ECI

All,
So that everyone can see what everone else is doing, below is the list of
steps of which I am aware.
I think quite a few of these were completed in Houston on Friday.
Please shout if:
- I have missed anything
- Any deadlines are unrealistic
- Anybody else should be copied in
etc

Thanks,
Richard

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