Legal is OK to open the above counterparty immediately for US east physical
and financial power products.


To Whom It May Concern:

Attached please find an Agenda for the Annual Corporate Counsel Conference
scheduled for November 17, 2000.  If you need any additional information
please do not hesitate to give me a call.

Cindy Kasper
Program Coordinator
The Texas General Counsel Forum
1601 Elm Street, Suite 3000
Dallas, Texas 75302
(214) 999-4317 (ofc)
(214) 999-4348 (fax)
(214) 676-4317 (cell phone)
e-mail:  tgcf@home.com

----- Original Message -----
From: <rsander@ect.enron.com>
To: <tgcf@home.com>
Sent: Sunday, September 17, 2000 10:37 AM
Subject: Nov 17 Meeting

> Do you have a program put together for Nov 17th. I am deciding whether
> to attend.
>
>

 - Agenda_9-7-00.DOC


Michael:
Appreciate the idea.  However, with my natural long, I'm not looking to
really trade around the position.  I believe ENE will continue to be range
bound, but in case it is not, I don't want to forgo 50% of my option premium.
I have price targets of where I would like to lighten up exposure to ENE and
will use calls to implement the stategy.  To that regards, I noticed I was
not approved to sell naked calls.  I would like that ability in order to
hedge some exposure I have of unexercised vested options.  Please look into
that for me.
John.

"Michael Gapinski" <michael.gapinski@painewebber.com> on 02/20/2001 06:28:27
PM
To: "'Arnold, John'" <john.arnold@enron.com>
cc:
Subject: Buying back calls

John -

I was looking at the recent pullback in ENE and thinking it might be an
opportunity to buy back the calls you sold.  Of course, you would then be in
a position to sell calls again if the stock makes a bounce.  I'm not sure
that ENE @ 75 is the place, but maybe @ 73.  Call me if you're interested.

Michael Gapinski
Account Vice President
Emery Financial Group
PaineWebber, Inc.
713-654-0365
800-553-3119 x365
Fax: 713-654-1281
Cell: 281-435-0295

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.


Following the first instance decision in the Civil Summary Proceedings, Ross,
Teun and myself met with Clifford Chance again yesterday to stress-test our
litigation strategy going forward and we arrived at the view that, at the
current juncture, the strategy we laid down over the last 10 days or so is
still correct.

That strategy - with an anticipated time-line is as follows:

1. Friday, 26 / 5:  We file an Urgent Appeal on the Civil Summary proceedings
in the Civil Court.  (We spent some time yesterday reviewing the draft Appeal
proceedings).  This is the last date for filing an Appeal on the Summary
proceedings.

2. Between now and the end of next week, we try again to get Sep to confirm
in writing the amount of t-o-p they have for energy, minimum cross-border
capacity required, etc. on their import contracts.

3. Mid-June:  Accordingly to CC's latest intelligence, the current
anticipated ETA of the DTe's decision in the Appeal on DTe Decision 005.

4. Around mid-June:  Judge decides whether or not we are going to be granted
witness hearings on t-o-p obligations of Sep (these will fall away if Sep
complies with point 2).

5. Mid-June:  If we get a vague or adverse decision by the DTe re point 3, we
lodge an appeal in Summary Proceedings before the CBB (the Administrative
court) against the DTe's decision in the Appeal on DTe 005.  Appeal will
probably be lodged on grounds that Sep contracts violate EU Directive.

Note:  if the DTe's decision is adverse (e.g., t-o-p relates to capacity not
energy), then our Civil Appeal (point 1) will at that stage fall away.

6. Mid-August:  Earliest possible date (per procedural rules) for Decision of
CBB in Summary Proceedings Appeal (if launched) per point 5.  Could be later.

7. End-August: Earliest possible date (per procedural rules) for hearing of
Civil Summary Proceedings Appeal per point 1(note:  this will be heard if
either DTe makes a decision favourable to us in mid-June per point 3 or if we
get an adverse DTe appeal decision, but we get a favourable CBB appeal
decision per point 6 - in the latter case the Civil appeal will, in effect,
be "re-instated").

In practice, this appeal might not be heard however until end October.

8. September: Witness hearings - unless Sep complies with 2 and judge does
not reject our request for witness hearings per point 4.

9. (End??) December:  According to latest CC intelligence, NMa will probably
make decision, and hence report, on our NMa complaint filed in January re
TenneT's alocation of cross-border capacity for the Y2K.

Additional Notes:

A.  The benefits of lodging an Appeal against the decision of the civil court
in the Civil Summary proceedings are (a) gives us additional litigation
optionality, (b) keeps the pressure on the system,  (c) if we are successful
on the DTe 005 appeal, or were successful in a CBB appeal against an
unfavourable DTe 005 appeal decision, then this Civil Appeal goes to
enforcement of that decision against Sep / TenneT and (d) was perceived to
have no material down-side.

B.  I have requested Clifford Chance to let me have (1) estimate of costs of
launching Civil Appeal + estimate of costs which we would have to pay to Sep
/ TenneT if we lost that Appeal and (2) total of our legal costs to-date,
broken down between those we have paid, and those which have not yet been
billed or billed but unpaid + estimate of our legal costs going forward on
the basis of the above strategy plus estimate of costs payable by us to
defendants if we lose any of the above actions going forward.

C.   It will be noted that the above does not take into account any Brussels'
angle.  This needs to be reviewed again when DTe makes decision on the
Decision 005 Appeal - i.e., probably mid-June.

D.  CC still attempting to find out when CBB will in effect decide whether or
not TenneT is an administrative body (which impacts the forum, and hence to a
certain extent, the above time-scale).

E.  Clearly, legal strategy is not caste in stone but may change depending on
how the litigation chess-game unfolds over the next succeeding weeks and
months.  This will be constantly reviewed.

If you have any questions, please do not hesitate to contact me.

Kind regards

Mark


I'm not one for announcements, but the word appears to be out to varying
degrees, so here is my first cut at clarifying the situation. Prmary
distribution would be Enron Europe, but your thoughts on content and
distribution would be welcome.

Thanks

Fernley

"Many of you will be aware of some recent and forthcoming appointments within
commercial support in Enron Europe. Enron's rapid growth and the ability of
our people to use their skills in different roles make this a dynamic
process, but I have taken this opportunity to summarise changes at a senior
level in our tax, accounting and transaction support groups.

Peter Hutton has joined us as Vice President, Head of US Tax, reporting to
Rod Sayers.  Peter was previously a partner in Arthur Anderson and will be
transitioning in to his new role over the next few months.
Jim Sandt  will be taking up a senior role with the Tax Department in Houston
early in the new year.

Melissa Allen is to join us shortly as Vice President, Head of Financial
Operations and Transaction Support, reporting to me. Melissa needs no
introduction to many of you, as she has worked with Enron Europe as a senior
manager in Arthur Anderson for the past 18 months.
Beth Apollo will be returning to Houston in the early part of next year to
take up a senior role in Enron North America's Energy Operations group.
Phillip Lord is transitioning in to his new Houston - based role as Chief
Accounting Officer for Enron Broadband Services.

Buddy Aiken and Stephen Wood will be taking on the lead roles in Transaction
Support and Financial Operations respectively, reporting to Melissa Allen.

I am sure you will join me in welcoming Peter and Melissa to Enron, in
congratulating Jim, Beth, Phillip, Buddy and Stephen, and wishing them all
well in their new roles"


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IssueAlert for  April 5, 2001

Aggregation Takes Off in Ohio

by Will McNamara, Director, Electric Industry Analysis
with additional contributions from
Bob Bellemare, Vice President, Utility Services

Green Mountain Energy Company, featuring the leading brand of cleaner and
renewable energy, announced the completion of the country's largest-ever
energy aggregation contract encompassing more than 400,000 Ohio electricity
customers. The ground-breaking, six-year agreement was struck with the
Northeast Ohio Public Energy Council (NOPEC), a public electricity buying
group which represents households across eight Ohio counties. Under the terms
of the contract, Green Mountain Energy Company will begin serving residential
customers across the NOPEC area with cleaner and renewable energy beginning
Sept. 1, 2001.

Analysis: This announcement came out two weeks ago, but it draws attention to
a growing trend for energy aggregation in the state of Ohio. Although full
competition began in the state on Jan. 1, Ohio is maintaining a "market
development period" that will last for the next three to five years. During
this period, residential customers will continue to receive a 5-percent
reduction in the generation cost of their electric bill and hopefully take
the time to make educated choices about where their power supply originates.
However, what many Ohioans may not fully understand is that the many cities
in the state actively engage in load aggregation, a program that empowers the
cities to select power suppliers for their residents (unless the residents
clearly opt out of the aggregation).

According to the Consumers Counsel of the State of Ohio, which recently
issued an assessment report on deregulation in the state, an estimated
152,000 residential customers in FirstEnergy territories have switched to new
suppliers. About 500 AEP, Cinergy and Dayton Power & Light residential
customers have switched. (Note that these figures do not include many new
aggregation contracts). In addition, 36 electric suppliers have been
certified with the Public Utilities Commission of Ohio (PUCO) to provide
electric generation services to Ohio's residential consumers. Of these, just
two currently have offers on the table and are soliciting new customers.
Consequently, the report concluded that Ohio does not yet represent a strong
competitive market, and that the true benefits from competition won't
materialize in the state for three to five years (after the market
development period and rate reductions have expired). However, as municipal
aggregation unfolds in Ohio, new suppliers (such as Green Mountain Energy)
are finding new competitive opportunities, which could serve to jumpstart the
market in the state.

Although few Ohio residents are consciously making the choice to switch to a
new power supplier, they might find that their service has been switched over
to a new provider just the same. Ohio's restructuring law permits aggregation
of electricity consumers by any entity that becomes certified with the PUCO.
Aggregation is the process by which consumers pool together their load and
form an energy buying group. In theory, aggregation is supposed to reduce a
power supplier's costs as the supplier is serving a group rather than having
to acquire customers on an individual basis, which is an extremely costly
proposition. These reduced costs typically are passed on to the consumers in
the aggregated group, which makes buying power by bulk an attractive idea for
many energy customers. Aggregation is not a new concept and has been used by
various buying groups across the country. What makes aggregation noteworthy
in Ohio is that an unusually large number of cities across the northern part
of the state have now become energy brokers for their residents, intending to
secure lower rates by engaging in aggregated sales contracts with power
suppliers. In addition, Ohio is unique because many of its cities are
automatically putting their residents into an aggregation program unless the
residents take the formal effort to step out of the program.

Residents within a city in Ohio must approve energy aggregation through a
referendum. In March 2000, the city of Parma, Ohio, became the first city to
vote in favor of an aggregation plan. In fact, residents of Parma
overwhelming passed the measure, giving the city government the authority to
serve as a power broker. Since that time, a large number of cities throughout
Ohio have followed suit. According to a report in The Toledo Blade, 136
cities, villages, townships and counties across the state have voted on
aggregation ordinances, and according to the paper the ordinances have passed
overwhelmingly in all areas. The most current data available from PUCO
indicates that 23 cities have filed applications to become energy
aggregators, and that 19 cities*including Cleveland and Toledo*have been
formally certified to buy power on behalf of their residents. (Note that
NOPEC, which has secured the contract with Green Mountain Energy, counts for
one certification although the group represents more than 100
municipalities.)

These cities, serving as the aggregating agents, negotiate offers with power
suppliers and purchase energy services on behalf of the buying group (in
Ohio, this means any resident of a particular city that has been approved as
an aggregator). The most-often identified driver behind the move toward
aggregation is the anticipated savings that a city believes it will be able
to secure for its residents. For instance, the Toledo City Council reportedly
sold its residents on the idea of aggregation by predicting that savings in
the range of 8 to 10 percent could be achieved. The incumbent utility serving
the Toledo area is Toledo Edison (a subsidiary of FirstEnergy, which
reportedly has the highest rates in the state). Naturally, Toledo residents
embraced the aggregation plan with great enthusiasm. The city of Toledo is
still negotiating contracts with power suppliers, but at this point has not
received an acceptable bid. Under Toledo's aggregation plan, the city has
established that it will "competitively bid and negotiate a contract with a
competitive retail electric supplier to provide firm, all-requirements
service to the members of the aggregation program. The contract will be for
fixed-priced service to each class of customers at a rate that is lower than
the standard offer from Toledo Edison."

Ohio law stipulates that a city can select either an opt-in or an opt-out
approach to aggregation. Under the opt-in approach, energy customers must
provide written notice to their city that they wish to be included in the
aggregation program. The opt-out approach requires that customers must
formally notify their city that they do not wish to be included in the
aggregation. There are large promotional and administrative costs for the
cities associated with the opt-in approach. In addition, many potential power
suppliers made it clear that they would not bid on power contracts unless the
cities used an opt-out approach. Consequently, every city that has been
certified in Ohio to become an energy aggregator is using the opt-out
approach. This in and of itself makes Ohio extremely unique. Only one other
state (Massachusetts) uses an opt-out approach to aggregation, but it does
not match the size and scope of the Ohio program.

The opt-out policy of the Ohio aggregation program has sparked a great deal
of debate. Proponents argue that residents will secure significant benefits
from the aggregation process (namely, lower rates). For instance, in a power
supply Memorandum of Understanding that the city of Alliance, Ohio, has
established with Shell Energy, savings in the range of 3 to 6 percent off of
the incumbent's (Ohio Edison) residential rates are expected. In addition,
proponents contend that municipalities electing to become an energy broker
are providing an added service to their residents, which is part of a larger
trend of cities aggregating such services as water service, garbage
collection and sewage service. Regarding the issue of the opt-out approach,
proponents of municipal aggregation say that residents are given multiple
opportunities to notify the city that they do not want to participate in the
aggregation. A resident has the option of continuing to receive service from
the incumbent utility (as long as they formally notify the city of this
decision).

Opponents, on the other hand, argue that municipal aggregation amounts to
nothing more than customer slamming, since being assigned by the city to a
new power supplier may be an involuntary act for those that did not
consciously opt in for aggregation. Also, opponents take issue with
aggregation because, under the guise of "customer choice," customers still
find themselves tied to the city aggregator (unless they opt out), which may
preclude other power suppliers from entering that particular market. In fact,
as evidence of the policies related to the opt-out approach, opponents might
point to a stipulation under the City of Toledo's Aggregation Plan (in a
filing with the PUCO). Toledo's policy asserts that a 30-day opt-out period
will be offered "every two years during which customers can leave the City's
aggregated pool without paying a switching fee." The underlying result of
this is that customers can only opt out of aggregation during a small window
period every two years, or incur undisclosed switching fees.

In addition, opponents say that on average customers tend to switch power
suppliers at the low rate of 15 to 20 percent, even when they find themselves
paying higher bills or are offered a better supply contract. Thus, the vast
majority of customers might end up remaining with a city aggregator simply
due to inertia or a lack of understanding about their available options.
Those who question the value of municipal aggregation also suspect that
cities might earn a financial gain from serving as an energy broker or attach
extra hidden fees to customers to compensate for administrative costs or
consultant fees.

There is also the possibility that the city will not be able to secure lower
rates than those already in place with the incumbent utility. Analysts have
raised the question of what would happen if a city secures a contract with a
power supplier, and then for whatever reason the power supplier cannot
fulfill its obligation to provide the power (such as in a bankruptcy
situation)? Would the incumbent utility be required to resume service for the
aggregated customers? In other words, who becomes the provider of last resort
under a municipally aggregated model? Based on the city of Alliance
aggregation model, if the power supplier defaults on its service, the
aggregated customers are entitled to return to the incumbent utility under a
"standard offer service." While this offers a safety net for the customer, it
puts a potential burden on the incumbent utility with regard to its load
planning and the difficulty in scheduling for a group of customers that may
or may not return to its service.

Yet, also from the incumbent utility's perspective, proponents of aggregation
say that utilities are often required to meet established targets related to
the percentage of their customer base that switches to a new energy provider.
Such is the case with Ohio utilities, such as FirstEnergy, which will be
penalized unless they meet their targets. Consequently, an incumbent utility
often will have a divided reaction to aggregation. On one hand, the incumbent
is potentially losing a core of its customer base, but on the other hand it
recognizes that aggregation may offer one mechanism for meeting its switching
targets. Also, unregulated affiliates of the incumbent utilities often end up
being the ones bidding on the power supply contracts with the cities. This is
in fact the case with an unregulated affiliate of FirstEnergy, which
reportedly has made power supply bids with several Ohio cities that are
aggregating.

In summary, Ohio remains a test bed for the practice of municipal
aggregation. There is little doubt that, at least in the northern half of the
state, city governments are actively promoting themselves as energy brokers
and remain confident that they can secure lower energy rates for their
residents. It will be interesting to see if Ohio's aggregated cities can in
fact achieve the goals they have established, and how Ohio residents react
when they begin receiving power from the city-chosen supplier.

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

Note from Will McNamara: In the April 4 IssueAlert, I made reference to the
fact that Sierra Pacific Resources' pending acquisition of Portland General
from Enron had been "scrapped." I based my statement on previous comments
from Enron's Jeffrey Skilling, indicating only a 5-percent probability that
Sierra Pacific's purchase of Portland General will be closed.

Yesterday, I received the following statement from Sierra Pacific Resources,
outlining their position related to the pending acquisition, which they
requested that I distribute with today's column:

"It's going to be very difficult for Sierra Pacific Resources to satisfy the
requirements of the Securities and Exchange Commission in the company's
current financial condition. But the company is continuing to pursue its
obligation to complete the acquisition of Portland General Electric."
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Copyright 2001. SCIENTECH, Inc. All rights  reserved.


BUSINESS HIGHLIGHTS

Oil Products
The Oil Products Group executed a 1 year physical transaction, whereby Enron
supplies Delta Airlines 100,000 barrels/month for one year beginning in
November of 2000, for a total of 1.2 million barrels.

Weather
On December 6 at 7pm, the Weather Channel will run a 15 minute special
interest story on Weather Derivative trading.  Approximately 8 minutes of
this telecast will focus on the Enron Weather Risk Management group, led by
Mark Tawney, director. In September, a film crew spent two days recording the
group's activities and interviewing Mark Tawney; Steven Vu, head of trading;
Gary Taylor, head of marketing; and Brando Hayden, trader.  Efforts to
publicize Enron's leading position in the Weather Risk marketplace have
included this television show, the Enron Corp commercial focused on weather
risk management, and several articles written by members of the Enron Weather
Trading group.  What's next?  Enron Weather: the Movie - coming soon to
theatres near you!

Principal Investments
Tridium Inc., the leading provider of Internet-based automation
infrastructure solutions, announced the closing of a $20 million round of
capital funding. The funds will be used to increase Tridium,s sales and
technical support offices in North America, expand its operations into Europe
and Asia, and enhance its technology and products. kRoad Ventures, L.P. and
Enron North America each contributed $10 million in venture capital.

Energy Capital Resources
Westwin Energy, LLC, a privately held oil and gas exploration and production
company based in Midland, has been formed by the former management team of
ARCO Permian.  Along with the company,s formation, Westwin announced its
financial partner, which is Enron North America.  Westwin Energy will focus
on drilling opportunities and select acquisitions in the Permian Basin of
West Texas and Southeast New Mexico.

Enron Industrial Markets Fundamentals Analysis
Following the example of other Enron entities, Enron Industrial Markets has
established a Fundamentals Analysis Group.  Under the direction of Andrea
Reed, the group is similar to the others, with the objective of providing
market, industry, and regulatory information and identifying potential
commercial opportunities for originators and traders.  Doug Moreno and Carol
Marshall are the information experts.   They are presently working to
aggregate all of Enron,s various resources into a library and a website
(coming soon at http://eimfundy.dev.corp.enron.com/).  Jennifer Riley is the
quantitative analyst, and has already analyzed a number of statistical
relationships for the business entities to identify possible hedging
strategies.  Peggy Determeyer (steel) and Karen Carter (paper/pulp and
lumber) will be providing analytical services to the two primary product
lines. Tammy Davis keeps them all organized with terrific administrative
support.  Doug, Jennifer, Tammy, and Carol have followed Andrea from her
previous Merchant Asset Portfolio Management assignment, while Peggy and
Karen have joined from Enron South America and Enron North America,
respectively.  If you have any ideas for critical analyses or information
needs, contact one of them for help.

Foreign Exchange (FX) and Sovereign Risk (ENA Research Group)
In last week,s Ameriflash newsletter, we introduced you to the Country Risk
and Foreign Exchange (FX) Department within the ENA Research Group, which
included our responsibilities and some of the products we have developed for
Enron various business units. This week we would like to introduce you to the
members of our group, Maureen Raymond-Castaeda, Gwyn Koepke, Yana Kristal,
and Leann Walton.

Maureen Raymond-Castaeda heads the Country Risk and Foreign Exchange team,
reporting to Vince Kaminski.  Maureen is Enron,s Chief Economist and is
responsible for corporate sovereign risk and economic analysis, briefing the
FX trading desk on major central bank policies, forecasting all FX and
revenue escalators corporate-wide for 60 countries, and advising Enron,s
underwriters and the Chief Credit Officer.  As Enron changes its business
objectives, our group serves these objectives through our analysis. For
example, we provide research and analysis services to the steel fundamental
analysis group as well as to the non-ferrous metals group in London.  Gwyn
Koepke is an Associate and is responsible for conducting economic analysis
for all FX and inflation curves produced by the group as well as writing
country briefs for the various Enron business units.  Yana Kristal is an
analyst who gathers country research and prepares Excel charts.  Leann Walton
is the team,s newest member and provides all administrative and research
support.

As a reminder, the Country Risk and FX team launched a new product in October
called the Enron &Global Markets Monitor,8 which informs traders and
management about important international economic events and their impact on
currency and financial markets. If you would like to receive the Monitor on a
weekly basis via email, please send a note to Leann Walton.  Or, you can
obtain the Global Markets Monitor from our web site at:
http://ecthouwebcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm
(look for the spinning New sign) ) Please add this to your bookmarks or
favorites.

FINAL RESULTS FOR THE PULSE

Thanks to all who participated in Enron's annual employee survey.  The total
participation rate for ENA/EGM/EIM was 68.90%, which was an increase of
almost 20% from last year.  Additionally, we beat the Enron Corp. average
68.90% to 68.87%.  Some might say that this is statistically insignificant,
but we prefer to point out that a win is a win!

WELCOME

New Hires
ENA- Doglas Allen, Brooks Barnes, Angela Cadena, Reno Casimir, Amelia
Cavazos, Jane Coleman, Andrea Dahlke, Susan Entman, Kulvinder Fowler, Kristi
Fredericks, Tammy Gilmore, Lori Haney, Brandee Jackson, Janine Kattner,
Brenna Neves, Vivian Nguyen, Dexter Peoples, Erica Rodriguez, Patricia Roome,
Dayna Smith, Stephanie Wainwright, Ellen Wallumrod, Deanna Washington,
Gregory Whitman

EGM- Mario De la Ossa, Stephanie Harris

IN THE NEWS

FORTUNE, November 13, 2000, Page 80
Beware: You Could Soon Be Selling Soybeans Make your products stand out )
fast ) before someone turns it into a commodity.
"(What,s next? Fortune says you can run a reverse auction anytime you can do
two things: specify exactly what you want and identify several bidders you
deem qualified to fight for the business. Let your imagination roam. At Enron
they never stop thinking about new products and services for which they can
make markets. First gas and electricity, now bandwidth, ocean shipping,
paper, and much else."

Internet Week, October 30, 2000
"Enron doesn't just make markets; it assaults them."

NUGGETS & NOTES

&Results not reasons8 ) Craig Breslau, VP/Industrial Middle Markets-ENA

"Okay, here's the deal..."  - Jean Mrha Beach, VP/Upstream Origination-ENA

LAST WEEK'S TEASER

Question
In your cellar there are three light switches in the OFF position. Each
switch controls 1 of 3 light bulbs on the floor above.  You may move any of
the switches but you may only go upstairs to inspect the bulbs one time.  How
can you determine the switch for each bulb with one inspection?

Answer
Turn switch one on for a while(then turn it off.  Turn switch two on, go
upstairs to inspect.  The hot bulb is controlled by switch one, the lit bulb
is controlled by switch two. The unlit bulb is controlled by switch three.

CONGRATULATIONS to our winners: Richard McKeel, Jim Sugrue, Ed Hearn, Rhonda
Denton, Mark Breese, Benjamin Thomason, Gil Muhl, Corey Hollander, James
Haden, Stinson Gibner, Richard Zamora, Robert Stalford, John Gordon, Dan
Darland, Andre Templeman, Hector McLoughlin, Shelly Stubbs, Kelly Ellis,
Valter Stoiani, Dennis Lee, Paul Gregory, Rainer Cockrell, Regan Rorschach,
Bill Rust, Gerald Gilbert.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed outside of Enron.


agree

 -----Original Message-----
From: 	Chris Lowe <clowe@intcx.com>@ENRON [mailto:IMCEANOTES-Chris+20Lowe+20+3Cclowe+40intcx+2Ecom+3E+40ENRON@ENRON.com]  On Behalf Of ice helpdesk <icehelpdesk@intcx.com>
Sent:	Monday, August 20, 2001 2:23 PM
To:	'caspicer@duke-energy.com'; Arnold, John
Cc:	ice helpdesk
Subject:	Please respond to cancel deal ID:  771673430

Cara and John:

Please respond to cancel deal ID 771673430 between Cara Spicer of Duke
Energy Trading and Marketing LLC and John Arnold of Enron North America.

Product:  NG Fin, FP for LD1 Henry Hub tailgate-Louisiana
Strip: Dec '01
Quantity:  5,000 MMbtus daily
Price: 4.7350 USD/MMBtu
Effective Date:  Dec 1, 2001
Termination Date:  Dec 31, 2001
Total Quantity:  155,000 MMbtus
Trade Date:  Aug 20, 2001

If you have any further questions please call the IntercontinentalExchange
Atlanta HelpDesk at +1-770-738-2101.

Regards,

I n t e r c o n t i n e n t a l E x c h a n g e
____________________________________________
http://www.intcx.com | Chris Lowe | 770.738.2101


Please mark you schedule for Thursday, June 29th, 1:30 - 2:30  in room 4194
to discuss issues relative to the implementation of Transwestern's proposed
short term firm transportation service.  Thanks!


Tana

For buying and selling physical power we usually like to see some physical
presence in the market in which a counterparty is buying and/or selling.
Since we do not have Canadian physical power products available, I need to
understand more about the counterparty to open them at all on EOL for
physical power transactions.

Just to confirm that since they have not demonstrated that they have a Power
Marketer's Licence, if they were to be opened they can only be open for buy
transactions and cannot sell.

Marcus


As requested.


Parties to the PG&E Gas OII Settlement:

On June 13th, PG&E held a workshop to discuss proposed tariffs to implement
the Comprehensive PG&E Gas OII Settlement Agreement.  At that meeting,
parties raised various issues concerning the draft tariffs we distributed on
May 25th.  Attached please find PG&E's proposed response to those issues,
other than metering issues which we will address next week.  In addition, we
have included changes to the non-metering draft tariffs from the version we
distributed on May 25th.

We encourage you to provide us with comments on these drafts by Friday, June
30, 2000.  We will host a half-day workshop on any unresolved issues on
Thursday, July 6, at 1:30 p.m., in Room 301b, 77 Beale Street, San
Francisco.

We will provide a response to the metering issues on Wednesday, June 28th,
and will host a half-day tariff workshop on these issues on Friday, June 30,
starting at 10:00 a.m., in Room 301b, 77 Beale Street, San Francisco.

Thanks for your help in finalizing these tariffs for our July 17 compliance
filing.

Ron Stoner     Randy Litteneker
(415) 973-3606    (415) 973-2179

Issues List with proposed resolutions
 <<June 13th Resolutes_.doc>>

Preliminary Statements revisions since 5/25 are shown in italics.
 <<GPSL-6-23.doc>>    <<GPSC-6-23.doc>>    <<PrelimGPSAG-6-23.doc>>

Attachment K revisions since 5/25 are shown using "revisions tool"

 <<Draft CTA Billing Agreement 6-23-2000-2.doc>>

Core Transport Tariffs
 <<OII_G-CT_6-23.doc>>     <<OII_G-CFS_6-23.doc>>   <<OII_Att_D_6-23.doc>>
 <<OII_Att_I_6-23.doc>>    <<OII_Att_J_6-23.doc>>
Core Gas Aggregation Agreement 79-845.

 <<OII_79-845_6-23.doc>>

Schedule G-CP.  Revisions are in italics.

 <<OII_G-CP_6-23.doc>>
Revisions to Rule 21.2, Rule 25, Rule 14, G-Bal and the SB Amendment are
shown in italics.

 <<Rule21-2_6-23.doc>>   <<RULE25 6-23.doc>>  <<G-BAL6-23.doc>>
<<SBAmendment 6-23.doc>>  <<RULE14 6-23.doc>>
There were no changes to Schedule G-Cred, the Credit Application, or Rule 23
since the 5/25/00 draft version.  These items are not attached.

 - June 13th Resolutes_.doc
 - GPSL-6-23.doc
 - GPSC-6-23.doc
 - PrelimGPSAG-6-23.doc
 - Draft CTA Billing Agreement 6-23-2000-2.doc
 - OII_G-CT_6-23.doc
 - OII_G-CFS_6-23.doc
 - OII_Att_D_6-23.doc
 - OII_Att_I_6-23.doc
 - OII_Att_J_6-23.doc
 - OII_79-845_6-23.doc
 - OII_G-CP_6-23.doc
 - Rule21-2_6-23.doc
 - RULE25 6-23.doc
 - G-BAL6-23.doc
 - SBAmendment 6-23.doc
 - RULE14 6-23.doc


Keegan,
 In looking over the list, I did not see Dan Lyons on the list.  I did not
add because I figured Barbara would have included him.  Please ask Barbara to
consider adding him to the invitee list.  Thank you.
----- Forwarded by Dan J Hyvl/HOU/ECT on 06/12/2001 02:41 PM -----

	Barbara N Gray@ENRON
	Sent by: Keegan Farrell@ENRON
	06/12/2001 12:43 PM

		 To: Steve Van Hooser/Enron@EnronXGate, Gerald Nemec/Enron@EnronXGate, Kay
Mann/Enron@EnronXGate, Carlos Sole/Enron@EnronXGate, Kathleen
Carnahan/Enron@EnronXGate, Mary Ogden/Enron@EnronXGate, Jeffrey T
Hodge/Enron@EnronXGate, Taffy Milligan/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Vanessa Griffin/ENRON@enronXgate, Sarah
Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn George/Corp/Enron@ENRON,
Debra Perlingiere/Enron@EnronXGate, Steve Weller/Enron@EnronXGate, Rae
Meadows/ENRON@EnronXgate, Barbara N Gray/HOU/ECT@ECT, Matt
Maxwell/Enron@EnronXGate, Ann Elizabeth White/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Elizabeth
Sager/Enron@EnronXGate, Sandi M Braband/HOU/ECT@ECT, Keegan
Farrell/NA/Enron@Enron, Marcus Nettelton/Enron@EnronXGate, Shonnie
Daniel/Enron@EnronXGate, Pat Radford/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
Michael A Robison/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT, Genia
FitzGerald/Enron@EnronXGate, Julia Murray/HOU/ECT@ECT, Jill T
Zivley/Enron@EnronXGate, Gary Bryant/ENRON@enronxgate, Jennifer
Martinez/ENRON@enronXgate, John Grass/Enron@EnronXGate, Mark
Courtney/HOU/EES@EES, Greg Sharp Rollout-LRC-Business Development, Mary Jo
Johnson/HOU/EES@EES, Judy Thorne/Enron@EnronXGate, Andrew
Miles/Enron@EnronXGate, Stacy E Dickson/Enron@EnronXGate, Shawna
Flynn/HOU/ECT@ECT, Legal Temp 2/Enron@EnronXGate, Andrew
Edison/Enron@EnronXGate, Erica Braden/Enron@EnronXGate, Travis
McCullough/Enron@EnronXGate, Mark Greenberg/NA/Enron@ENRON, Sara
Shackleton/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Kay Young/Enron@EnronXGate
		 cc:
		 Subject:              SOME PEOPLE FOLLOW THEIR HEARTS..........OTHERS FOLLOW
THEIR ASSETS

With heartfelt sadness and warmest wishes for future success
and many, many thanks for jobs well done,
I am bidding farewell to the following special professionals
who have accepted offers with AEP/HPL

Kim Bennick
Sandi Braband
Shawna Flynn
Dan Hyvl
Bob Walker
Ann Elizabeth White
Taffy Milligan

Please join me in putting on a joyful face to bid adieu (

The farewell festivities will commence
at 5:15 on Thursday, June14, 2001
at ESTANCIA GRILL located 5 minutes from the Enron building
at 414 West Gray (between Taft and Montrose).
[Smith to West Gray---right on West Gray---
about 6 blocks on the right].


Hope this helps!
gg

-----Original Message-----
From: Shoup, Cynthia
Sent: Fri 11/23/2001 10:11 AM
To: Gosnell, Gerri
Cc:
Subject: Hello!

It's Friday, and I'm here settling Nymex.  I got a phone call from Evelyn Wednesday before Thanksgiving to come in today.  It's o.k.  I don't mind.  I get Monday off.  Just a few notes to let you know what's going on.  EDF Mann, Paribas and Carr Futures London pulled a fast one.  They set the margin at 150% more of what it would have been.  Here are the numbers incoming and outgoing.

        OUTGOING

                Smith Barney Financial                  $232,499.00
                Paribas                                 $46,026,588.00
                EDF Mann                                $760,515.00
                Carr Futures                            $12,331,010.66

        INCOMING

                ABN Amro                                $33,852.00
                Saul Stone                              $19,800.00
                HSBC                                    $291,325.00
                HSBC Canada                             No Margin Call
                R. J. Obrien                            $12,320.00
                J.P. Morgan                             $292,827.00
                Credit Suisse                           $200,261.00

Lori at Smith Barney was not in Friday, so we did not settle.

FIMAT was not in, and the numbers came out like this.  They were supposed to have paid down on the loan by $2,931,087.24.  I don't know how you handle this.  Hopefully they will do this on Monday.

I know this is a terrible welcome back, but it was something that had to be done.


Hi there!  I was not able to launch the photo but was able to see it in
"View" mode on my Lotus Notes.  What a pretty girl!

I assume you'll be in Austin for Mother's Day?  Let me know.  I was thinking
of cooking brunch if the whole gang is going to be there, but if it is just
me and Mum maybe we'll just go out.  I have no idea what to buy her!  must do
some shopping today or tomorrow.

Trivia time:  last night I went to the Astros game with some people from
work.  One guy brought his girlfriend, Thani-ta, who is from Thailand.  She
likes to eat at Nit Noi when she is in town!  She told me she has a dog
called Nit Noi, which means "little bit."  Now you know!

Have a good day; hope to see you in Austin.

Love,
proud auntie sooz

FBCat@aol.com on 05/07/2000 08:57:47 PM
To: susan.scott@enron.com
cc:

Subject: test

Hi! I sent a picture of Grayson to multiple people including you. I have
never done a mass mailing before and not sure if i did it right. Please let
me know if you received it! If not I will try again! If you DID get it, let
me know if you have any problems opening it. I hope you had a good trip and
hope to see you in Austin for Mother's Day!

Byeee!
Karin

remember, you can also e-mail me at work now! kss@overlandpartners.com


I just received word that I'm losing my garage apt. renter as of Nov. 30...
If any of you know someone who is looking for a place, have them call me!!
(I found my current renter through a friend and it has worked out great.)
Here are the specifics:

2 bedroom/1 bath garage apartment in Houston Heights (Cortlandt St.).
Hardwood floors,  lots of windows, new window A/C units, washer/dryer hookup,
garage parking space.  Cats OK.  $650/month.  Available December 1.  Call
713-853-0596 (day) or 713-864-4960 (evening).

Thanks!


Off the top of my head, I belive several California parties did, but let me
check.

From: James D Steffes@ENRON on 03/12/2001 03:29 PM CST
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Re: FERC Order and DWR

Mary --

Did anyone file for rehearing to "include" LT contracts into the review
process?

Jim

	Mary Hain@ECT
	03/12/2001 01:31 PM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Joe Hartsoe/Corp/Enron@ENRON, jklauber@llgm.com@ENRON, Susan J
Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Christian
Yoder/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Tracy Ngo/PDX/ECT@ECT
		 Subject: Re: FERC Order and DWR

In the Staff Recommendation on Prospective Market Monitoring and Mitigation,
March 2001, the FERC Staff stated that its proposed mitigation proposal is
designed to apply only to approximately 5% of the market that remains in
real-time and not to the bilateral and forward markets.  In addition, the
December 15 order only established a reporting requirement for sales into the
ISO and PX spot markets exceeding $150/MWh.  Under the order, the refund
potential closes after 60 days of a utility filing its cost justification
unless the FERC issues written notification to the seller that its
transaction is still under review.  Note well that this does not entirely
insulate EPMI concerning long term deals because the FERC's December 15 order
is still pending rehearing and parties can appeal that order once the
Commission rules.

From: Jeff Dasovich@ENRON on 03/12/2001 12:00 PM CST
Sent by: Jeff Dasovich@ENRON
To: Joe Hartsoe/Corp/Enron@ENRON, jklauber@llgm.com, Susan J
Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Christian
Yoder/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT
cc:
Subject: FERC Order and DWR

Quick question to Joe and/or Christian, John and Mary:

I'm assuming that any deal we sign with DWR that falls below the $150/MWH
soft cap is free and clear of the order FERC issued on Friday as well as any
other refund risk associated with FERC's December order.  Is that correct?
Thanks.

Best,
Jeff


The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=09/05/2001>, published as of 09/05/2001 is now available for viewing on the website.


---------------------- Forwarded by Randy Petersen/HOU/ECT on 09/14/2000
01:50 PM ---------------------------

"Mike Cunningham" <mjc@chguk.com> on 09/14/2000 11:59:03 AM
To: <randy.petersen@enron.com>
cc:
Subject: Kafus Reconstruction

Randy,
?
I attach a revised letter with a modified original  proposal and a proposal
which is more in line with Ken's ambitions and  interests. I have no real
beef either way.
?
I would like to see Kafus redeem itself and to  repay it's investors. I would
also value Enron being involved in International -  and over the next few
years I think that would, in itself, allow Enron to recoup  its losses.
?
I confirm that, in International, I have no  interest in press releases or in
the use of the Enron name to drum up capital or  investment.
?
The attached papers are simply outlines. If you  agree the concept then I
will work with you to bring one or the other to  fruition.
?
Best regards,
?
Mike Cunningham
 - Coach House-Kafus- restructuring plan-letter.doc
 - Coach House-Kafus- restructuring plan-4.doc
 - Coach House-Kafus- restructuring plan-5.doc


Do any of you know if we use this Right Fax?  Thanks. Lynn
-----Original Message-----
From: McFarland, Jean
Sent: Monday, July 30, 2001 3:48 PM
To: Blair, Lynn
Subject: Right Fax Application Investigation

Lynn-do you know if anyone in Gas Logistics uses Right Fax?  The server team would like to move the location of the Right Fax server in the future.

Thanks.  Jean


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/11/2000
05:12 PM ---------------------------

Steven Harris
12/11/2000 04:42 PM
To: Drew Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Keith
Petersen/ET&S/Enron@ENRON, Donna Martens/ET&S/Enron@ENRON
cc:

Subject: GALLUP COST ESTIMATE

FYI
---------------------- Forwarded by Steven Harris/ET&S/Enron on 12/11/2000
04:35 PM ---------------------------

	From:  John R Keller                           12/08/2000 02:35 PM

To: Steven Harris/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON
cc: Phil Lowry/OTS/Enron@ENRON, Jerry D
Martin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: GALLUP COST ESTIMATE

Steve/Lorraine:

As promised, attached below is the "Level B" estimate for expanding Gallup
10mmcf/d.  Please let me know if you have any questions.

John
---------------------- Forwarded by John R Keller/OTS/Enron on 12/08/2000
02:30 PM ---------------------------

	From:  Ben Asante                           12/08/2000 02:28 PM

To: John R Keller/OTS/Enron@Enron
cc:

Subject: GALLUP COST ESTIMATE

John,
I am forwarding the Level B estimate for the Gallup modification. This
involves increasing the horsepower output (from 12,000  to 15,000 HP drive)at
the station
with a consequent flow increase of 10mmcfd.
Please let me know if you have any questions.
thanks
ben
---------------------- Forwarded by Ben Asante/ET&S/Enron on 12/08/2000 03:23
PM ---------------------------

	From:  Earl Chanley                           12/07/2000 04:50 PM

To: Ben Asante/ET&S/Enron@ENRON
cc:

Subject: GALLUP COST ESTIMATE

---------------------- Forwarded by Earl Chanley/ET&S/Enron on 12/07/2000
04:59 PM ---------------------------

	From:  Earl Chanley                           12/07/2000 03:27 PM

To: JERRY MARTIN/ENRON@enronxgate
cc: Norm Spalding/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Arnold L
Eisenstein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: GALLUP COST ESTIMATE

THERE WERE CHANGES IN DOLLARS DUE TO THE TESTING COMPLETED LAST WEEK. THE
COMPRESSOR WHEEL
IS ADEQUATE FOR CONDITIONS BUT IF PRESSURE CHANGES   WHEEL OR CASE MAY
REQUIRE ATTENTION AT THAT TIME.
THE DRIVE NEEDS TO DEVELOP 13,000 H.P.  AND WITH A SERVICE FACTOR OF 1.2, A
15,OOO H.P. DRIVE IS RECOMMENDED.


Guz,

Here are some details about the winnebago.  It would be great to keep this
thing in the family.  It would be sad to see it go away to someone else and
not be able to party in it anymore.  It would make me very happy to see this
go to a friend!

1983 Winnebago Brave, 23 foot class A
* Purchased Feb 1999, we are the 2nd owner. It was previously in
Arizona for many many years.
* Brakes, tires, exhaust, and suspension were replaced/upgraded.
* Engine has been replaced with a 1999 Chevy 454, bought brand new and
professionally installed by Carr Chevrolet at a cost of $4,500.  Has a
50,000 mile warranty.  There are only 6,000 miles on this engine.
* The upholstery has been updated.
* Floorboards have been replaced and reinforced.
* Carpet was replaced with commercial grade carpeting made for hotels.
* Refrigerator and stove are only a few years old.
* It has been driven only about 75,000 miles in its entire life.

That is the major stuff.  It will sleep 5 people comfortably, more
uncomfortably.  It will ride with 7 comfortably and accommodate 10 easily.
Gas mileage is about 8, loaded or unloaded.  It is equipped for towing and
can easily tow boats. Insurance is dirt cheap at about $15-$20 per month.

Kevin and I have spent somewhere between $11 and 12 thousand on it, but we
are trying to sell it for $9,000.  Most RV's that are under $10k are pieces
of crap. This one is in great physical and mechanical shape.  Kevin and I
know this thing inside and out and can fix nearly anything on it.  It is
definitely a good deal at $9k. I know there is nothing nicer out there at
this price.

Ben


Dan,

Please find below details of Phy Gas deals with GTC agreements:

Deal Date: 4/12/01
Deal No: V34696 / 730279
Buyer: Sevier County Utility District of Sevier County, Tennessee
Seller: ENA
Start Date: 9/01/01
End Date: 8/31/02
Firm
Volume: 40,000 / month
Price: TENN. SLA.IF.M.I. minus 0.15500 or Floor Rate: US 3.50000
Delivery Point: Tennessee Gas Pipeline Co. - Zone L 800 LN

Please let me know if you need any more details.

Thanks,
Richard
x54886


Nice to meet you this morning.

Attached is a file containing the hardcopy data that John Griffith, Eric Boyt
and I provided.  The gas trader expects the transaction to close today--we'll
keep you posted.

In this transaction we owe gas to National Steel at far below current
market.  When we unwind you will be long these dollars.

Louis
x-54666


Thanks - keep it coming!

Katie

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (713-546-5000), and destroy the original
message. Thank you.


Kevin,

Thanks for the information. For avoidance of doubt, please confirm:

That the  relationship means that to hedge ten thousand barrels of JCC in
September '00, I would have to enter into a financial transaction for 6706
barrels of Prompt (August) Brent, and;

That this email constitutes your groups (Vince Kaminski's) sign-off on using
this hedge ratio to hedge JCC and JCC-based products?

Thanks in advance,

Marc de La Roche

Kevin Kindall@ENRON
06/06/2000 02:18 PM
To: Marc De La Roche/HOU/ECT@ECT
cc: Grant Masson/HOU/ECT@ECT
Subject: Re: JCC & Brent

 Good afternoon.  I have performed a review of the JCC data that you sent
some time ago.  The study was done using several different Excel workbooks,
and are available upon request.  Relevant charts are embedded in the
Powerpoint attachment.  Questions/comments welcome.

-Kevin Kindall


For 11/25:

Cypress	cut of 2154	.0721=	$155.30
Dom. Retail	cut of 2750		$198.28
Tiger		cut of 175		$12.62
VPEM		cut of 875		$63.09
					$429.29

For 11/26:
Cypress	cut of 1732	.0721=	$124.88 +$155.30
Dom. Retail	cut of 2750		$198.28  +$198.28
Tiger		cut of 175		$12.62  +$12.62
VPEM		cut of 875		$63.09  +  $63.09
					$398.87 + $429.29 = $828.16

For 11/27:
Cypress	Park 3886		.0721=	$280.18
Dom. Retail	5500				$396.55
Tiger		350				$25.24
VPEM		1750				$126.18
						$828.15

Joann


absolutely nothing.  Just working on whatever I can.  very slow.  what about you?  what are you doing thanksgiving?

 -----Original Message-----
From: 	Mainzer, Elliot
Sent:	Tuesday, November 20, 2001 2:29 PM
To:	Ward, Kim S (Houston)
Subject:

How you doing, pardner?


Where is 'Pedia'?


I apologize for not getting our January calendar out.  I didn't even think
about it until the 15th.  But I'm back on track and ready to complete the
February calendar.  Please send me any dates you plan to be out of the office
during the month of February.  I hope to have the calendar distributed on
February 1st.  Thanks for your help.

Pat


I'd blow it off.  Your batting 0.9999999999.  In anybody's book, that's
phenomenal.  Don't look back.  And PR, under the circumstances, is doing a
stellar job overall.  Vacation was nice.  Thanks.  Bad thing is it made me
realize how much more of it I need (and likely ain't gonna get soon).

Best,
Jeff

	Karen Denne
	05/29/2001 01:07 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: SF Gate: Enron's secret bid to save deregulation/PRIVATE
MEETING: Chairman pitches his plan to prominent Californians

That's what I told AP, but after I looked like a major doofus on the front
page of the Chronicle... The last few weeks have not been pretty for PR...
How was your vacation?

From: Jeff Dasovich on 05/29/2001 11:13 AM
Sent by: Jeff Dasovich
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Re: SF Gate: Enron's secret bid to save deregulation/PRIVATE
MEETING: Chairman pitches his plan to prominent Californians

Seems to have Riordan written all over it.  I say "no big deal."  We're
talking to everyone.  No secrecy involved.  We'll keep talking, being
constructive and trying to help develop solutions that work for CA.   Your
thoughts?


Have him contact Joe Gold in London at 011-44-207-783-6768 who is the head
trader in Europe.  Mark

	"JOHN G KLAUBERG" <jklauber@LLGM.COM>
	04/12/2001 05:45 PM

		 To: Mark.E.Haedicke@enron.com
		 cc:
		 Subject: Fwd: France

Mark:  I had a request from Doug Hawes as to whether there might be a senior
Enron commercial person in France that he could make contract with regarding
a project he is working on (see attached e-mail).  Since I know that France
falls within your "world," I thought you might have a good feeling for who
Doug might be able to contact.  If you are ok with Doug making such a contact
and you could perhaps suggest a person Doug could call, I know that Doug
would be greatly appreciative.

Thanks, Mark.  I'm sure we will be speaking soon with everything that is
going on.  John
==============================================================================
This e-mail, including attachments, contains information that is confidential
and may be protected by the attorney/client or other privileges.  This
e-mail, including attachments, constitutes non-public information intended to
be conveyed only to the designated recipient(s).  If you are not an intended
recipient, please delete this e-mail, including attachments, and notify me.
The unauthorized use, dissemination, distribution or reproduction of this
e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================

----- Message from "DOUGLAS HAWES" <DWHAWES@LLGM.COM> on Thu, 12 Apr 2001
11:39:35 -0400 -----
To:	"JOHN G KLAUBERG" <JKLAUBER.NYC2.HEADQUARTERS#032#NEW#032#YORK@LLGM.COM>
Subject:	France
John:  I know you are busy, but when you get a chance could you let me know
if you think you could get me an introduction to the Head Enron person in
France assuming there is one.  The reason is I am working with a very
successful LBO firm of medium size by French standards.  The project is in
the process of being defined, but it is essentially a web site that brings
together a number of elements of the energy field including electricity, gas
and petroleum.  I would like to find out what the Enron person thinks is
available and what is not available that would be useful.  It might be that
Enron would want to participate in some fashion eventually, but the contact
would not be about that.  It does not matter if it is an English or a French
speaker.  Perhaps they run their presumably modest operation out of some
other place like London.  I would be happy to go wherever the person is.  By
the way, did you see the article in this week's EUW that says there is going
to be an electricity trading market in France starting in May?  Because of
EDF's expansion ambitions elsewhere especially in Europe they are beginning
to get serious about opening up the market here.  Regards. Doug


Bill, I'll be in tomorrow; let's discuss this matter.  Thanks.  Michelle

"Bill W. Ogden" <bogden@ogwb.com> on 11/14/2000 11:00:45 AM
Please respond to <bogden@ogwb.com>
To: "Michelle Cash" <michelle.cash@enron.com>
cc:
Subject: Alonzo Williams

Michelle:
The Alonzo Williams matter landed in the 127th (Sharolyn Wood). I'm keeping
after them on the citation but we do not have service yet. I'll let you know
as soon as we do.
Best regards,
Bill


This schedule is correct.


<TITLE>Power Indices - IntercontentalExchange</TITLE>

IntercontinentalExchange

Firm Power Price Bulletin

For Power Delivered on Monday, November  19, 2001

(Trade Date of Friday, November  16, 2001)

Click here to access index history.

* volume represents sell-side only *

Hub
High
Low
Wtd Avg Index
Change ($)
Vol (Mwh)

Cinergy	         $25.25	         $23.00	         $24.33	+   1.29	          90,400

Comed	         $22.75	         $19.00	         $20.32	+    .16	          14,400

Entergy	         $20.50	         $18.75	         $19.69	-   1.05	          13,600

Nepool	         $35.50	         $34.75	         $35.27	+   2.20	          11,200

Palo Verde	         $19.00	         $16.50	         $17.51	+    .78	           8,000

PJM-West	         $25.85	         $25.40	         $25.59	+   2.01	         112,800

SP-15	         $21.00	         $18.50	         $19.92	-    .06	           6,000

TVA	         $22.50	         $21.00	         $22.05	+    .45	          10,400

Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.

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Ellen Appell
124 S. 16th Street
Allentown, PA 18102
appelled@apci.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Ellen Appell


Great, Thanks!  Kim.

Shirley, please keep me posted on Krishna's new baby.  Thanks, K.

 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Thursday, August 02, 2001 1:14 PM
To:	Watson, Kimberly
Cc:	Crenshaw, Shirley
Subject:	RE: Paul Y'barbo

Kim,

Thanks. I shall ask Shirley to schedule a lunch in 2-3 weeks for me and Krishna with you.
Krishna is about to become a Daddy again in a few days; the end
of August should work for him.

Vince

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Thursday, August 02, 2001 9:42 AM
To:	Kaminski, Vince J
Subject:	RE: Paul Y'barbo

Vince,

I'm so glad that you can recommend him for our commercial job.  He has some skill sets that our department is shy on.  In fact, I am bringing him back for my boss, Steve Harris, to interview.  I too, think that he would be a good fit.

By the way, Krishna and Seksan have been very helpful in coordinating some technical analysis of California prices.  We appreciate the support and certainly enjoy working with your group.  Perhaps you, Krishna and I can book a lunch together in mid to late August and catch up on the business issues.

Thanks, Kim.

 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Wednesday, August 01, 2001 3:27 PM
To:	Watson, Kimberly
Subject:	Paul Y'barbo

Kim,

I met Paul Y'barbo today (I have known him for ages)
and he mentioned an interview with you.

He is a very bright and capable individual and he would
be a good fit to your group.

Vince

P.S.  He looks better without the pony tail.


I look forward to seeing you Monday!

Here is De Ann Wiliams (Sr. Volume Analyst) phone number - 405-270-2070
and Edgar Perez (Volume analyst): 972-715-4603

Thanks for your help today!

Hans Kast
hans_kast@kindermorgan.com
713-369-9312