---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/09/2001
03:49 PM ---------------------------
   ENA Public Relations
From: ENA Public Relations@ENRON on 03/09/2001 08:21 AM
Sent by: Enron Announcements@ENRON
To: All_ENA_EGM_EIM
cc:
Subject: ENTOUCH NEWSLETTER

BUSINESS HIGHLIGHTS

East Power Midwest Origination
Beginning late 2000, East Power Marketing implemented a complete market
coverage strategy.  Since then, EPMI has begun to develop relationships with
hundreds of small &mom & pop8 municipalities.  Many of these munis had no
prior contact with Enron.  As a result, East Power has executed a valuable 30
MW energy call option term purchase from the Municipal Energy Agency of
Nebraska (MEAN) at a congested location.

Enron Industrial Markets
EIM has renamed Pulp, Paper & Lumber to Forest Products in order to fully
encompass our multiple product offerings.

East Power Development
The Planning and Zoning Commission for Pompano Beach, FL approved ENA's
rezoning request and site plan for the Pompano Beach Energy Center, a 510
megawatt peaking power plant.  On the rezoning request, the vote was 6 to 1,
and on the site plan, the vote was 7 to 0.  The rezoning request will be
forwarded to the Pompano Beach City Commission for their review.
Additionally, the Florida Department of Environmental Protection (DEP) has
announced its intention to issue an air permit for the facility.

Next steps include a DEP public hearing on Monday, March 26, and the first of
two votes on the rezoning request before the Pompano Beach City Commission,
which is scheduled for Tuesday, March 27.

IN THE NEWS

EWS Brown Bag Lunch
Mark Your Lunch Calendars Now!  The next one is scheduled for Thursday, March
15, 2001 featuring Ray Bowen. He is the COO of EIM and will be discussing
Enron Industrial Markets.

Open Forum Editorial in The San Francisco Chronicle  by Kenneth Lay    3/1/01
What has happened in California over the past four years is not
deregulation.  It is misguided regulation.

Deregulation does not mean eliminating customer choice and competition for
most customers.
Deregulation does not mean limiting new market entrants.  Fewer than five
percent of customers in California are served by competing suppliers.

Deregulation does not mean creating a single central power pool from which
all participants must buy and sell their wholesale power; the state Power
Exchange effectively replaced three monopoly buyers with one monopoly buyer.

Deregulation does not mean buying all of your commodity at the last minute,
on the spot market, rather than planning ahead and purchasing most of the
power under long-term contracts that lock in prices.

The situation in California is the result of continued regulation,
complicated by a series of natural and man-made factors.

WELCOME
New Hires
EGM  - Lowell Bezanis, Owen Zidar
EIM   - Eric Holzer, John Ovanessian
ENA  - Mecole Brown, Nita Garcia, Ambroshia Hunter, Nikole Jackson, Junichi
Sugiura, Theresa Zucha, Cynthia Gonzalez, Scott Wilson, Kenton Schaefer,
Emily Butler

Transfers
ENA - Joseph Hardy, Nancy Vu, Lloyd Miller, Jinsung Myung, Patrick Johnson,
Jason Wolfe, Andrew Miles, Sara Shackleton
EIM  - Sherri Baldwin, Debbie Chance, Rob Saltiel
EGM - Jody Crook, Neithard Foley, Juan Paysse, Bhavna Pandya, Courtney
Campbell, Terri Denning

NUGGETS & NOTES

"It is on the high side of medium to high." --Tim Battaglia, Vice
President/Steel Origination EIM (discussing the probability of a transaction
closing).

&I wanna see the phone glued to your ear!8 -- Ed Baughman, Vice
President/East Power Mid Market ENA

&REFERRALS, REFERRALS, REFERRALS!  It pays to know good people." ) Ambroshia
Hunter Perry/HR ENA

You requested more info(. Proud parents Michelle Vitrella, PR coordinator,
and husband David Vitrella, manager of trading, have named their baby girl
Lily Ann. She was born on February 27, 2001.

Learning at the Speed of Enron
If you haven't had a chance to log on to www.investinme.enron.com, you're
missing a fast and easy way to gain the information you need to get ahead and
stay ahead. This new EWS training site combines everything you loved about
Ernie with much, much more.  Enron employees now have the ability to register
for hundreds of classes on industry-related topics anywhere in the world.
Don't have time to attend a classroom training? No problem, you can now use
the web site to search for books, videos, CD ROM, and web-based training. All
the learning you want, anytime, anywhere.  Just go to
www.investinme.enron.com and start building your future today!

NEWS FROM THE GLOBAL FLASH

Enron Wind
Enron Wind has purchased the factory facilities of the Dutch company, Aerpac,
Europe's second largest producer of wind turbine rotor blades.  This move
represents a significant step towards fulfilling Enron Wind's strategic
objective of manufacturing high-quality and technically sophisticated rotor
blades in-house.  Enron Wind will be using its own moulds to produce the
rotor blades.  The acquisition of the Almelo-based factory facilities, which
are only 60 kilometres from Enron Wind's facilities in Salzbergen, Germany,
gives the company a convenient base for European wide distribution.

Enron applies for Greek electricity trading license
Enron, through its subsidiary Enron Power MEPE, has applied for an
electricity supply license for Greece, for the 34% market opening on Feb 19th
2001.  If the license application is successful, Enron will be allowed to
approach customers consuming more than 100GWh up to a combined total peak
capacity of 350MW.  In total, 4 companies have applied for power trading
licenses (Enel, ATEL and Cinergy also applied).

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.


Paul

The Kellogg's ISDA documents are ready to be sent out.  Could you please let
me have the counterparty contact details (name, fax no., tel. and email
details).

FYI I attach the various doc.s

Please let me know if you have any further comments.

Thanks
Michael


No questions - nice to emeet you.

We will probably start with Alex at 2:30pm

 -----Original Message-----
From: 	Joel.Forbes@ubsw.com@ENRON
Sent:	Monday, February 04, 2002 6:32 PM
To:	Kitchen, Louise
Cc:	colette.dow@ubsw.com; alexander.fusco@ubsw.com; Joel.Forbes@ubsw.com
Subject:	UBS Warburg Energy - New Business Group Presentation

     Louise,

     I am the Global Head of the UBS Warburg New Business Group with a
     joint reporting line into Mark Wallace - UBSW CRO and Ian Drew UBSW
     CCO.  The groups primary focus is risk identification via the New
     Business and the Transactions Requiring Pre-Approval process.

     Alex Fusco - Head of New Business for the America's will be
     presenting (see attached presentation) at Thursday's session with the
     UBS Warburg Energy business.  The presentation will be high level and
     take approximately 10 - 15 minutes.  Alex will be arriving in Houston
     on Wednesday and can be reached on 203 509-8287 (mobile) if you would
     like to meet with him prior to the presentation.

     Please contact me if you should have any questions.

     Regards,

     Joel

     Office 203 719-5978
     Mobile 203 912-8066
     Asst.  203 719-6728

 - ENRONnb.ppt << File: ENRONnb.ppt >>

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
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verification is required please request a hard-copy version.  This
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related financial instruments.


Attached are some slides that INGAA recently put together to demonstrate
that (1) marketing affiliates do not hold capacity solely on affiliated
pipelines and (2) that marketing affiliates receive discounts that are
comparable to the discounts given to marketers as a class.


-----Original Message-----
From: 	Hall, Steve C.
Sent:	Friday, August 24, 2001 11:52 AM
To:	Alvarez, Ray; Dasovich, Jeff; Frank, Robert; Mara, Susan; Nicolay, Christi L.; Novosel, Sarah; Perrino, Dave; Steffes, James D.; Walton, Steve; Palmer, Mark A. (PR); Comnes, Alan; Badeer, Robert; Williams III, Bill; Mallory, Chris; Denne, Karen; Belden, Tim; Yoder, Christian; Sanders, Richard B.
Subject:	As the CAISO Turns:  CAISO involved in scam with CDWR to purchase excess power from CDWR's long-term contracts

Everyone,

This is hot news showing that the CAISO/CDWR relationship is even more cozy than we thought.  I am not sure how to best use this information, but this scam needs to be brought to the public's and FERC's attention.

1.  According to two sources, the CAISO is helping to bail Gov. Davis out of his high-priced CDWR long-term power contracts by purchasing CDWR's excess energy as an "Out Of Market" purchase---instead of purchasing real-time energy from the CAISO's Supplemental Energy auction as required by the CAISO Tariff.  The costs of purchasing this high-cost power is being charged to Scheduling Coordinators who are largely unaware of the CAISO's surreptitious transactions.

2.  This sweetheart deal violates the CAISO Tariff, which requires the CAISO to buy energy from its Supplemental Energy (Real-Time) auction first.  CAISO Tariff, Dispatch Protocol section 8.6.2 (d).  Only after the CAISO has used up the Supplemental Energy  bids, can the CAISO buy Out Of Market ("OOM") energy.  If the CAISO were following the Tariff, CDWR's excess energy would be treated as an uninstructed deviation and CDWR would be paid the clearing price for Supplemental Energy---which is often as low as $0.00.  Therefore, under the Tariff the CAISO could have paid CDWR the same price paid to other SCs, but instead is buying it at a price agreeable to CDWR.

3.  By ignoring Supplemental Energy bids in favor of CDWR power, the CAISO is able to manipulate the price it pays for energy in the Supplemental Energy market.  Low CAISO demand for Supplemental Energy drives down prices.  The clearing price for Supplemental Energy has often been as low as $0.00.  Therefore, the CAISO gets to keep all excess energy on the grid for free.  If CDWR was not getting preferential treatment, its energy would be treated as excess energy, and it would get little or nothing for it.

4.  While there is no evidence that Gov. Davis has directed the CAISO to buy from CDWR first, this behavior clearly benefits Davis.  Absent the CAISO's purchases of CDWR's excess energy, CDWR would be forced to sell its energy at a huge loss in the open market (just like many other suppliers).  The media has been been making hay out of Davis's strategy of buying high and selling low.  Therefore, Davis and CDWR benefit by being able to offset some of their losses under the long-term contracts.  Of course, they are only able to offset their losses through a back-door deal with the CAISO.

5.  The costs of this expensive CDWR power are being passed through to unwitting Scheduling Coordinators who, frequently seeing 10-minute Ex Post prices of $0.00, expect that the cost of imbalance energy will be close to $0.00.  These SCs are in for a big surprise.  According to one source at Sierra Pacific, the CAISO charged him as much as $400/MWh for imbalance energy.  (Where is the price mitigation here?)

6.  Who benefits under this scam?  Davis and CDWR.  Who loses under this scam?  In-state generators who are currently obligated to sell to the CAISO; Scheduling Coordinators who overgenerate or that have negative imbalances; consumers who end up paying higher prices for energy.

7.  Sources:  Our client representative from the CAISO has confirmed this practice and "the Friday Burrito," an industry insider publication mentioned it also.

8.  Here is the quote from the Friday Burrito:

"There is another problem that is being introduced by the long-term contracts. The ISO is utilizing the DWR contracts as Out of Market (OOM) calls, thereby forcing the contract energy into the grid ahead of the supplemental energy bids in the balancing energy ex post (BEEP) market. As one of our faithful observers told me, "The ISO will be billing some DRW/CERS long-term contracts to SCs as OOM energy. This has been confirmed by the ISO. This means there is no real-time price transparency. We may see an hourly ex-post price of, say, $15, but this will bear no resemblance to the eventual Real-Time settlement price. There is no way to estimate what the OOM charge was as the ISO doesn't post that information. The implication is that parties buying real-time energy will wait 90 days before theyhave any idea of the price. This sort of price uncertainty is completely contrary to the FERC's goals of creating open, transparent markets."
9.  Here is the e-mail from our CAISO representative:

-----Original Message-----
From: Almeida, Keoni [mailto:KAlmeida@caiso.com]
Sent: Thursday, August 23, 2001 4:04 PM
To: Emmert, Caroline; O'Neil, Murray P.; Gilbert, Scotty
Cc: Sheidun, Donna; Blair, Kit
Subject: RE: "Burrito"

Issue highlighted in blue lettering. This is being researched internally and
an ISO response on how these transactions are being handled should be
forthcoming, I would think.

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>

-----Original Message-----
From: Emmert, Caroline [mailto:Caroline.Emmert@ENRON.com]
Sent: Thursday, August 23, 2001 3:15 PM
To: Keoni Almeida (E-mail)
Cc: Sheidun, Donna; Blair, Kit
Subject: "Burrito"

Can you send me a copy of the 'Burrito' that we were discussing, or at
least outline in an e-mail the name of the person who has written about
CERS and what was published?   What is the official name of this
newsletter?  I have seen them in the past (Harvey Hall used to get it
and sent a couple to me), but I haven't seen it for a long time.

Also, to recap our telephone discussion:  the charges assessed to the
Market in Charge Type 487 are determined by CERS, and are being
collected by the ISO on behalf of CERS, to cover the cost of contracts
that CERS has signed for energy purchases? and 487 pricing/charges have
do direct relationship to the Inc and Dec prices charged or paid to
those who inadvertently over- or under-schedule?  Please clarify that I
have understood this correctly.

Thanks a lot for your assistance.

Caroline

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10.  Here is an e-mail from the intrepid and vigilant Kit Blair, in Volume Management, who first brought this scam to my attention.
 -----Original Message-----
From: 	Blair, Kit
Sent:	Thursday, August 23, 2001 3:42 PM
To:	Hall, Steve C. (Legal)
Cc:	DL-Portland Volume Mgmt
Subject:	487 Revelation

Steve,
	Here is a summary of what we have learned regarding how the CAISO is handling 487.  Kent at Sierra Power inquired to me why he was being charged 487, (487 is the charge code the CAISO uses when it has to go out of market, and purchase power that exceeds $150.00/mwh, 481 is the charge code they use to credit it back), for the same hours and intervals that both the INC and DEC prices were zero.  This was obviously very peculiar and nobody in VM knew the answer. So Caroline posed the question to Keoni at the CAISO.  His response was this:  that the CAISO is charging 487 regardless of the INC and DEC prices, to cover the forward market contracts signed by CDWR and CERS.  In effect, they are ignoring their tariff that states they are supposed to purchase power at the lowest price, and are in effect trying to recover costs for CDWR and CERS.

-Kit


Adriana Domingues/SA/Enron Adriana Perrone/SA/Enron@Enron, Adriana
Salvia/SA/Enron@Enron, Adriano Pereira/SA/Enron@Enron, Adriano
Santos/SA/Enron@Enron, Alexandre Bueno/SA/Enron@Enron, Ana Cristina
Santos/SA/Enron@Enron, Andre Salomao/SA/Enron@Enron, Andreia
Almeida/SA/Enron@Enron, Annelise Vendramini/SA/Enron@Enron, Antonio
Duarte/SA/Enron@Enron, Bernardino Santos/SA/Enron@Enron, Breno
Nogueira/SA/Enron@Enron, Carlos Luvizotto/SA/Enron@Enron, Carlos Gustavo
Azevedo/SA/Enron@Enron, Cecilia Mercio/SA/Enron@Enron, Christian
Krelling/SA/Enron@Enron, Christian Vasconcellos/SA/Enron@Enron, Claudia
Brun/SA/Enron@Enron, Claudia de Araujo Bomfim/SA/Enron@Enron, Claudia
Lemos/SA/Enron@Enron, Cristiana Mateus/SA/Enron@Enron, Cristiane
Ronza/SA/Enron@Enron, Debora Klinger/SA/Enron@Enron, Dilma
Lopes/SA/Enron@Enron, Edineth R Santos/SA/Enron@Enron, Edmundo
Picucci/SA/Enron@Enron, Eduardo Cancian/SA/Enron@Enron, Eduardo
Camara/SA/Enron@Enron, Eliana Marcon/SA/Enron@Enron, Eliane
Eusebio/SA/Enron@Enron, Elio Kumoto/SA/Enron@Enron, Elizabeth
Serralheiro/SA/Enron@Enron, Emmanuel Rengade/SA/Enron@Enron, Erica
Wolf/SA/Enron@Enron, Fabiana Lopes/SA/Enron@Enron, Fernanda
Fernandes/SA/Enron@Enron, Fernando Bacellar/SA/Enron@Enron, Flavio
Ferrari/SA/Enron@Enron, Flavio Silberberg/SA/Enron@Enron, Francesco M
Sirangelo/SA/Enron, Francisco Carneiro/SA/Enron@Enron, Francisco
Riggio/SA/Enron, Francy Botaro/SA/Enron@Enron, Franz Coelho/SA/Enron@Enron,
Fred Sampaio/Sao Paulo/ELEKTRO, Giovanna Poladian/SA/Enron@Enron, Gisela
Schwalm/SA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Gisele
Soares/SA/Enron@Enron, Glauco Palhoto/SA/Enron@Enron, Gustavo
Moraes/SA/Enron@Enron, Guy Ishikawa/SA/Enron@Enron, Idel
Metzger/SA/Enron@Enron, Isaque Nagata/SA/Enron@Enron, Ivan
Padilha/SA/Enron@Enron, Ivan G Rodrigues/SA/Enron@Enron, Joao Carlos
Albuquerque/SA/Enron@Enron, Joao Guimaraes/SA/Enron@Enron, Joao
Machado/SA/Enron@Enron, Joca Paciello/SA/Enron@Enron, Jose Lucio
Reis/SA/Enron@Enron, Jose Salles/SA/Enron@Enron, Jose Anson/SA/Enron@Enron,
Joyce Teixeira/SA/Enron@Enron, Juliana Rocha/SA/Enron@Enron, Julie
Ramos/SA/Enron@Enron, Katia Cardeano/SA/Enron@Enron, Karla
Azevedo/SA/Enron@Enron, Liliana Casey/SA/Enron@Enron, Lindolfo Ernesto
Paixao/SA/Enron@Enron, Livia Cabral/SA/Enron@Enron, Luciana
Rinaldi/SA/Enron@Enron, Luis Berti/SA/Enron@Enron, Luiz
Watanabe/SA/Enron@Enron, Luiz Baccaro/SA/Enron@Enron, Luiz
Otavio/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron, Marcel
Mattos/SA/Enron@Enron, Marc Grossmann/SA/Enron@Enron, Marcelo
Alves/SA/Enron@Enron, Marcelo Rassekh/SA/Enron@Enron, Marcelo
Parodi/SA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Marcus
Stephan/SA/Enron@Enron, Margaret Santos/SA/Enron@Enron, Maria Ines
Brunetti/SA/Enron@Enron, Maria Pereira/SA/Enron@Enron, Marianne M
Arake/SA/Enron@Enron, Marina Silva/SA/Enron@Enron, Marlene S
Muniz/SA/Enron@Enron, Mary Ann Oliveira/SA/Enron@Enron, Mateus
Andrade/SA/Enron@Enron, Mervyn Lowe/SA/Enron@Enron, Milena
Matone/SA/Enron@Enron, Mina Miyakawa/SA/Enron@Enron, Moacyr
Carmo/SA/Enron@Enron, Monica Brissac/SA/Enron@Enron, Monica
Matias/SA/Enron@Enron, Murilo Hyai/SA/Enron@Enron, Nadege
Araujo/SA/Enron@Enron, Nilson Busto/SA/Enron@Enron, Patricia
Dutra/SA/Enron@Enron, Patricia Scholz/SA/Enron@Enron, Paula
Oliveira/SA/Enron@Enron, Plinio Prado/SA/Enron@Enron, Regina
Oliveira/SA/Enron@Enron, Renata Teke/SA/Enron@Enron, Ricardo D
Cunha/SA/Enron@Enron, Ricardo Mucci/SA/Enron@Enron, Ricardo
Konishi/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Ricardo
Szlejf/SA/Enron@Enron, Robert Gross/SA/Enron@Enron, Roberta
Luccas/SA/Enron@Enron, Roberto Hukai/SA/Enron@Enron, Roberto
Silveira/SA/Enron@Enron, Roberto Schloesser/SA/Enron@Enron, Roderick
Blackham/SA/Enron@Enron, Rodrigo Garcia/SA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Sami Arap/SA/Enron@Enron, Samira
Ravagnani/SA/Enron@Enron, Sandra Vassel/SA/Enron@Enron, Sergio
Nomura/SA/Enron@Enron, Sergio Santos/SA/Enron@Enron, Silvana
Granata/SA/Enron@Enron, Simone Noda/SA/Enron@Enron, Sueli
Soave/SA/Enron@Enron, Suhail Arap/SA/Enron, Tomas Mohovic/SA/Enron, Tu
Ling/SA/Enron@Enron, Vera Elias/SA/Enron@Enron, Walter Lopes/SA/Enron@Enron,
Jorge Gumucio/SA/Enron, Orlando Gonzalez/SA/Enron, Britaldo Soares/SA/Enron,
Marcia Rezende/SA/Enron, Rejane Pansiera/SA/Enron, Rinaldo Pecchio/SA/Enron,
Sergio Assad/SA/Enron, Alfredo Bottone/SA/Enron, Andre
Cangucu/ENRON_DEVELOPMENT, Fabio Garcia/NA/Enron, Paulo Squariz/SA/Enron,
Ricardo Sassatani/SA/Enron@Enron, Adela Viana Presa/SA/Enron@Enron, Anderson
Bastos/SA/Enron@Enron, Andrea Marques/SA/Enron@Enron, Ane
Borges/SA/Enron@Enron, Armando Laudorio/SA/Enron@Enron, Carla
Santanna/SA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, David
Mouta/SA/Enron@Enron, Eduardo Requena/SA/Enron@Enron, Fabio
Silva/SA/Enron@Enron, Fernanda Araujo/SA/Enron@Enron, Francisco
Panaro/SA/Enron@Enron, Gabrielle Silva/SA/Enron@Enron, Isabel
Pojo/SA/Enron@Enron, Joana Alvares/SA/Enron@Enron, Joao
Milanez/SA/Enron@Enron, Joao Nelson/SA/Enron@Enron, Jose
Garcez/SA/Enron@Enron, Leymir Melo/SA/Enron@Enron, Marcio
Goes/SA/Enron@Enron, Orlando Puppin/SA/Enron@Enron, Paula
Porto/SA/Enron@Enron, Sergio Cunha/SA/Enron@Enron, Valeria
Lima/SA/Enron@Enron, Erik Kingshill/NA/Enron@Enron, Ezequiel
Benitez/NA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Flavia
Negrete/NA/Enron@Enron, G G Garcia/NA/Enron@Enron, Gerald L
Gobbi/NA/Enron@Enron, Glenn E Matthys/NA/Enron@Enron, Grisela
Escamilla/NA/Enron@Enron, Jeremy Dawson/NA/Enron@Enron, Joana Ryan
Bekerman/NA/Enron@Enron, John Guidry/NA/Enron@Enron, John R
Ayres/NA/Enron@Enron, Joy Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen E
Campos/NA/Enron@Enron, Kathleen Wagner/NA/Enron@Enron, Keith
Miceli/Corp/Enron@Enron, Lewis May/SA/Enron@Enron, Lisa B
Alderman/NA/Enron@Enron, Lisa Connolly/NA/Enron@Enron, Lisa
Wolfe/NA/Enron@Enron, Luly Stephens/NA/Enron@Enron, Lynn Aven/NA/Enron@Enron,
Mary Kimball/NA/Enron@Enron, MaryHelen Martinez/NA/Enron@Enron, Mercy
Gil/NA/Enron@Enron, Michael Cunningham/NA/Enron@Enron, Michael J
Popkin/NA/Enron@Enron, Miguel Padron/NA/Enron, Mike G Smith/NA/Enron@Enron,
Molly Bobrow/NA/Enron@Enron, Nancy H Vu/NA/Enron@Enron, Nancy
Muchmore/NA/Enron@Enron, Neil Sainsbury-Carter/NA/Enron@Enron, Peter E
Weidler/NA/Enron@Enron, Rafael Rangel/NA/Enron@Enron, Rick
Hopkinson/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Robin L
Treadwell/NA/Enron@Enron, Samantha Bryce/NA/Enron@Enron, Sergio
Avila/NA/Enron@Enron, Terri Denning/Corp/Enron@Enron, Thach C
Phan/Corp/Enron@Enron, Tracee Bersani@ECT, Veronica Perez/NA/Enron@Enron,
Yvette Pinero/NA/Enron, Roberto Daniels/NA/Enron, Alberto Carreno/NA/Enron,
Andrea Calo/SA/Enron, Ariel Bruch/ENRON_DEVELOPMENT, Bernardo
Andrews/ENRON_DEVELOPMENT, Carolina Waingortin/ENRON_DEVELOPMENT, Cecilia
Morellato/ENRON_DEVELOPMENT, Cristian Folgar/ENRON_DEVELOPMENT, Diego
Hollweck/ENRON_DEVELOPMENT, Eduardo Ojea Quintana/ENRON_DEVELOPMENT, Erica
Mestre/SA/Enron, Federico Boveda/SA/Enron, Gabriela Aguilar/SA/Enron,
Guillermo Atenor/SA/Enron, Guillermo Canovas/SA/Enron, Guillermo
Mulville/SA/Enron, John J Shoobridge/ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT, Julieta Sedarkevich/SA/Enron, Laura
Feldman/SA/Enron, Luis Juarros/SA/Enron, Maria Pia Beccaccini/SA/Enron, Maria
Fernanda Perez Cometto/ENRON_DEVELOPMENT, Mariana Loaiza/SA/Enron, Mario
Aguilar Benitez/SA/Enron, Marisa Pardellas/SA/Enron, Marta Ortiz/SA/Enron,
Miguel Cordoba/SA/Enron, Nadia Rodriguez/SA/Enron, Nancy Dominguez/SA/Enron,
Pablo Acevedo/SA/Enron, Pablo De Rose/SA/Enron, Patrick
Hansen/ENRON_DEVELOPMENT, Rodolfo Freyre/SA/Enron, Santiago
Porta/ENRON_DEVELOPMENT, Veronica Leppez/ENRON_DEVELOPMENT, Gustavo
Bertocchi/SA/Enron, Carlos Bastos/SA/Enron, Fabian Valle/SA/Enron, Silvia
Dalton/SA/Enron, Sara Dorfman/SA/Enron, Maria Belen Salvador/SA/Enron,
Leandro Colosqui/SA/Enron, Jorge Lamoure/SA/Enron, Bernardita De
Negri/SA/Enron, Maria Jose Minguillon/SA/Enron, Steve Hopper/TRANSREDES, Ray
Alvarez/TRANSREDES, Frank M Sugranes/TRANSREDES, John A Hatton/TRANSREDES,
Nasim H Khan/TRANSREDES, Denise Almoina/ENRON_DEVELOPMENT, Ernesto
Blanco/ENRON_DEVELOPMENT, Mark Provenzano/ENRON_DEVELOPMENT, Ronald
Pantin/Ventane/Enron, Miguel Mendoza/ENRON_DEVELOPMENT, Enrique
Cadena/HOU/EES, Carlos Alencar/SA/Enron@Enron, Carlos Leme/SA/Enron@Enron,
Claudio Camargos/SA/Enron@Enron, Helder Mendes/SA/Enron@Enron, Lauro
Perdiz/SA/Enron@Enron, Olga Guerreiro/SA/Enron@Enron, Ricardo
Cavalcanti/SA/Enron@Enron, Taciana Amaral/SA/Enron@Enron,
Garcia.edi@compagas.com.br, Aamelia@scgas.com.br, Estefano
Vaine/SA/Enron@Enron, Jacy Britto/SA/Enron@Enron, Rblima@scgas.com.br, D'Arcy
Carroll/SA/Enron@Enron, James M Bannantine/ENRON_DEVELOPMENT, Jose
Bestard/ENRON_DEVELOPMENT, Joe Kishkill/SA/Enron@Enron, Jose
Linardi/SA/Enron@Enron, Ricky Lynn Waddell/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Edward E Graham/SA/Enron@Enron, John
Novak/SA/Enron@Enron, Vicky Martinez/SA/Enron@Enron, James Joseph
Monroe/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Michael
Guerriero/SA/Enron, Jeff Kabel/SA/Enron, Federico Cerisoli/SA/Enron, David M
Rosenberg/SA/Enron@Enron, Maria Ines Granado/SA/Enron, Abraham
Moreno/NA/Enron@Enron, Allen W Ueckert/NA/Enron@Enron, Blanca
Bollom/NA/Enron@Enron, Brenda Garza-Castillo/NA/Enron@Enron, Brian
Swinford/NA/Enron@Enron, Clarissa Cooper/NA/Enron@Enron, Connie F
Estrems/NA/Enron@Enron, Danthea Dumayas/NA/Enron@Enron, Darryl S
Free/NA/Enron@Enron, Erik Kingshill/NA/Enron@Enron, Ezequiel
Benitez/NA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Flavia
Negrete/NA/Enron@Enron, G G Garcia/NA/Enron@Enron, Gerald L
Gobbi/NA/Enron@Enron, Glenn E Matthys/NA/Enron@Enron, Grisela
Escamilla/NA/Enron@Enron, Jeremy Dawson/NA/Enron@Enron, Joana Ryan
Bekerman/NA/Enron@Enron, John Guidry/NA/Enron@Enron, John R
Ayres/NA/Enron@Enron, Joy Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen E
Campos/NA/Enron@Enron, Kathleen Wagner/NA/Enron@Enron, Keith
Miceli/Corp/Enron@Enron, Lewis May/SA/Enron@Enron, Lisa B
Alderman/NA/Enron@Enron, Lisa Connolly/NA/Enron@Enron, Lisa
Wolfe/NA/Enron@Enron, Luly Stephens/NA/Enron@Enron, Lynn Aven/NA/Enron@Enron,
Mary Kimball/NA/Enron@Enron, MaryHelen Martinez/NA/Enron@Enron, Mercy
Gil/NA/Enron@Enron, Michael Cunningham/NA/Enron@Enron, Michael J
Popkin/NA/Enron@Enron, Miguel Padron/NA/Enron, Mike G Smith/NA/Enron@Enron,
Molly Bobrow/NA/Enron@Enron, Nancy H Vu/NA/Enron@Enron, Nancy
Muchmore/NA/Enron@Enron, Neil Sainsbury-Carter/NA/Enron@Enron, Peter E
Weidler/NA/Enron@Enron, Rafael Rangel/NA/Enron@Enron, Rick
Hopkinson/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Robin L
Treadwell/NA/Enron@Enron, Samantha Bryce/NA/Enron@Enron, Sergio
Avila/NA/Enron@Enron, Terri Denning/Corp/Enron@Enron, Thach C
Phan/Corp/Enron@Enron, Tracee Bersani@ECT, Veronica Perez/NA/Enron@Enron,
Yvette Pinero/NA/Enron, Roberto Daniels/NA/Enron, Alberto Carreno/NA/Enron,
Andrea Calo/SA/Enron, Ariel Bruch/SA/Enron, Bernardo Andrews/SA/Enron,
Carolina Waingortin/SA/Enron, Cecilia Morellato/SA/Enron, Cristian
Folgar/SA/Enron, Diego Hollweck/SA/Enron, Eduardo Ojea
Quintana/ENRON_DEVELOPMENT, Erica Mestre/SA/Enron, Federico Boveda/SA/Enron,
Gabriela Aguilar/SA/Enron, Guillermo Atenor/SA/Enron, Guillermo
Canovas/SA/Enron, Guillermo Mulville/SA/Enron, John J Shoobridge/SA/Enron,
Julian Poole/ENRON_DEVELOPMENT, Julieta Sedarkevich/SA/Enron, Laura
Feldman/SA/Enron, Luis Juarros/SA/Enron, Maria Pia Beccaccini/SA/Enron, Maria
Fernanda Perez Cometto/SA/Enron, Mariana Loaiza/SA/Enron, Mario Aguilar
Benitez/SA/Enron, Marisa Pardellas/SA/Enron, Marta Ortiz/SA/Enron, Miguel
Cordoba/SA/Enron, Nadia Rodriguez/SA/Enron, Nancy Dominguez/SA/Enron, Pablo
Acevedo/SA/Enron, Pablo De Rose/SA/Enron, Patrick Hansen/SA/Enron, Rodolfo
Freyre/SA/Enron, Santiago Porta/SA/Enron, Veronica Leppez/SA/Enron, Gustavo
Bertocchi/SA/Enron, Carlos Bastos/SA/Enron, Fabian Valle/SA/Enron, Silvia
Dalton/SA/Enron, Sara Dorfman/SA/Enron, Maria Belen Salvador/SA/Enron,
Leandro Colosqui/SA/Enron, Jorge Lamoure/SA/Enron, Bernardita De
Negri/SA/Enron, Maria Jose Minguillon/SA/Enron, Steve Hopper/TRANSREDES, Ray
Alvarez/TRANSREDES, Frank M Sugranes/TRANSREDES, John A Hatton/TRANSREDES,
Nasim H Khan/TRANSREDES, Denise Almoina/ENRON_DEVELOPMENT, Ernesto
Blanco/ENRON_DEVELOPMENT, Mark Provenzano/ENRON_DEVELOPMENT, Ronald
Pantin/Ventane/Enron, Miguel Mendoza/ENRON_DEVELOPMENT, Enrique
Cadena/HOU/EES, German Mutis/ENRON_DEVELOPMENT, Adriana
Cabrera/ENRON_DEVELOPMENT, Alberto Levy/SA/Enron, Marilyn Rios/Ventane/Enron,
Jesus Rivero/SA/Enron, Sandra Lugo/ENRON_DEVELOPMENT, Mark Frevert/NA/Enron,
Greg Whalley/HOU/ECT, David W Delainey/HOU/ECT, John J Lavorato/Corp/Enron,
Mark E Haedicke/HOU/ECT, Richard Shapiro/NA/Enron, Wes Colwell/HOU/ECT, David
Oxley/HOU/ECT, Joseph Deffner/HOU/ECT, Rebecca McDonald/ENRON_DEVELOPMENT,
James A Hughes/ENRON_DEVELOPMENT, Nicki Daw/NA/Enron, Kay Chapman/HOU/ECT,
Kimberly Hillis/HOU/ECT

------------------------------------------------------------message--
-----------------------------------------------------------------
I need ASAP-- South America is going home & they are off tomorrow ----Thanks,
kay

On November 8, the Office of the Chairman, issued an important communication,
announcing significant organizational changes in Enron's worldwide
operations. The purpose of this memo is to share with you the decisions that
are underway to restructure  Enron,s operations in South America.  The basic
organizational framework has been set.

As you know, Diomedes Christodoulou and Jim Bannantine will be assuming new
responsibilities within Enron. Replacing them will be Orlando Gonzalez and
Joe Kishkill, who will become the Co-Presidents of South America, reporting
to Dave Delainey and John Lavorato.  They will share overall responsibility;
however, Orlando,s focus will be on direct sales origination,
commercial/government relationships and regulatory issues.  Joe,s focus will
be on wholesale origination, financial and operating performance and overall
country management.  In addition, Orlando will continue as President and CEO
of Elektro until its ultimate sale.

The existing, large integrated asset base in South America (excluding
Elektro) will be managed and operated by Rebecca McDonald and Jim Hughes in
Enron Global Assets, which is part of Enron Wholesale Services under Mark
Frevert. Ultimately, there will be very close coordination in both Brazil and
Argentina between Enron Americas and Enron Global Assets to ensure that our
reputation in South America is protected, our asset positions are being
managed prudently and that commercial opportunities surrounding these assets
are pursued.

The remaining natural gas and electrical commercial activities in South
America will be organized around the highly successful North American network
business model.  This model employs people, market making, physical
commodities, capital and assets to provide reliable, flexible and high-value
products to our customers.  It is people and intellectual capital based and
enjoys high rates of return on invested capital.

In the interest of pursuing this strategy, the following teams will report to
Joe and Orlando:

The Commercial Origination team will be lead by Brett Wiggs.  The team will
focus on covering South American markets, primarily Brazilian and Argentine
natural gas and electricity, with the following goals:

? Generating new, innovative, reliable and high value products and services
needed by the market by utilizing our commodity, asset and capital
capabilities;
? Providing those products and services across South America and across the
value chain, including wholesale and retail, based upon the highest value
opportunity;
? Finding structural value arbitrages in the South American market and move
quickly to capitalize;
? Assisting the Risk Management and Trading organization in managing the
overall risk of the organization;
? Managing all new power and asset development opportunities in South America
consistent with this strategy, and
? Providing the Risk Management and Trading organization information and deal
flow.

The Commercial Origination team will consist of a diverse group of people who
work as a single team which bring the required skills including commodity,
capital, regulatory, asset, development, market, structuring, deal execution,
finance and country knowledge necessary to reach our goals.

The Trading and Risk Management team will be headed by Remi Collonges.  The
team will continue to develop pricing information and manage the price book
for the relevant energy markets in support of the wholesale and direct sales
efforts.  Additionally, the team will work toward implementation of actively
trading South American energy commodities.  This group will be responsible
for managing Enron South America,s overall risk and will have a direct
reporting relationship with John Lavorato in his role as head of the Americas
risk activities.

The Argentine effort will be integrated into the overall South American
Commercial Origination and Trading and Risk Management groups; however, we
will continue to maintain an Argentine office headed by Michael Guerriero.

The goal of the reorganization is to create a flat team oriented organization
that is very market and commercially focused.  The following support
functions will assist the overall business objectives of the commercial team
and will report into Joe and Orlando, plus into their line functions in
Houston.  The overall goal is to ensure that the South American business
units have an adequate support organization to evaluate opportunities, as
well as manage day-to-day business and risk.  Otherwise, the Houston
infrastructure will provide resources as needed to manage peak requirements
in South America, not unlike other businesses in Enron Americas.

These groups include:

The Government Affairs team, which will be headed by Sergio Assad, will
manage the relationships with the relevant regulatory agencies as well as
governmental ministries.  The primary regulatory goal will be to facilitate,
in the near term, substantive changes to the regulatory rules to allow a
functioning wholesale traded market in Brazil and Argentina. Sergio will
assume his responsibilities upon completion of the Elektro sale.  During this
interim period, Jose Bestard will continue to be in charge of the regulatory
function.  Once Sergio makes the transition, he will also report to Rick
Shapiro in Enron Government Affairs.

The Finance team will be headed by Britaldo Soares.  The team will manage the
interface with Enron Global Finance.  Britaldo will transition from his
current duties at Elektro upon completion of the Elektro sale.  Britaldo will
also report to Joe Deffner in Enron Global Finance.  Rob Gay will be
assisting Britaldo during the transition, while continuing his work on the
Cuiaba project.

The Legal team, which will be lead by Randy Young, as general counsel, and
John Novak, as deputy general counsel, will manage South America,s legal
requirements.  Randy and John will also report to Mark Haedicke in Enron
Wholesale Services - Legal Department.

Miguel Padron will become Chief of Staff.  Human Resources, Information
Technology, Treasury, Accounting & Reporting, as well as Administration will
report to Miguel.  This will bring focus to essential, but non-commercial
functions, as well as more efficiently manage key matrix reporting
relationships with Enron.  Miguel will also report to David Oxley in Enron
Wholesale Services ) Human Resources and Wes Colwell in Enron Wholesale
Services ) Business Analysis and Reporting.

These changes are consistent with Enron's evolving business strategy and
reflect our continuing commitment to grow the company by maximizing our
financial and intellectual capital.  However, in line with the new
organizational structure and the near term potential for business in the
region, further budget reductions will be necessary.  People directly
affected will be notified shortly.

Enron is committed to continue the successful implementation of its
businesses in South America.  We believe that as the markets develop, we are
uniquely positioned to leverage Enron,s core capabilities and create
shareholder value.


1. To all A/A Pool members: it is important that you let us know of any time
you have taken off. To those members who are sending time on to your
assistant, please make sure they forward that information on to the A/A
program. With the Roll Out of SAP, you have the ability to go on-line and
input your time. I will continue to email for timesheets regardless if you go
on-line. This is to let you know it is time to input your time or fill out
your timesheet.
2. If you have moved recently, please provide the following and indicate the
new changes when sending your timesheet.

NEW ROTATION:
Business Unit and Group:
Effective Date:
Location:
Extension:
Supervisor's Location:
Supervisor's Extension:
Supervisor's Assistant:
Assistant's Location:
Assistant's Extension:
Co #
RC #

3. Remember that you can pick up your check or past period check between
EB1190 & EB1193

Thank You for Your Cooperation
    RT


Mark, Ron, Alaadin and Hollis:

I am uncomfortable, extremely uncomfortable, with trying to make this test
pass by using data that is not synchronized within the same period of the
test as the remaining turbines. This is not in keeping with the spirt of the
test. It is clear that we did not pass the ATP even this second time and that
the cause of our failure is the failure of the Omnitron's to provide us with
reliable data.

I wish to point this out in my weekly SCADA report to add futher backbone to
our need to replace the Omnitron switches with Hirschmann's.

Lets not spend any more effort on this particular test, but wait until we
have the Hirschmann's installed. I will speak with O&M and with our customer
about this problem.

Regards

KLC


As you know, Enron and Peoples jointly own enovate. Our group in Chicago is
looking to manage some funds which belong to enovate. We had initially
envisioned having a cash management policy which would outline how Enron
would invest the funds, etc.  The other owner of enovate, Peoples, has
proposed that we use the attached document in connection with this
arrrangement.  This is taking me a little far afield of my area of expertise,
so I'm writing you guys for input, direction, etc.

Suggestions? Gregg do you want to correct any of what I wrote?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/15/2001 06:03
PM ---------------------------
From: Gregg Penman on 02/07/2001 11:17 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: inter-company agreement

Kay - This is one of the documents I want to talk to you about.  Please call
me when you have a chance.

Thanks - Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 02/07/2001 11:16 AM -----

	j.burns@pecorp.com
	01/22/2001 03:00 PM

		 To: Gregg.Penman@enron.com
		 cc:
		 Subject: inter-company agreement

 - enovate v2 1-122.doc


I would like to request information and application materials for your
advanced studies program in Bologna, Italy, as well as for Master's Degree
study in international relations at Johns Hopkins University. I am interested
in applying for the academic year of 2002-2003, but I'd like to gather all
the necessary information as soon as possible.

Thank you,

Kate Symes
2505 NE 32nd Place
Portland, OR 97212


-----Original Message-----
From: 	Luce, Laura
Sent:	Monday, June 04, 2001 10:07 AM
To:	Shively, Hunter S.; Williams, Jason R (Credit); Kinsey, Lisa; Superty, Robert
Subject:	Barbara and Kevin's new addition

FYI...

Laura
----- Forwarded by Laura Luce/Corp/Enron on 06/04/2001 10:05 AM -----

	Jona Kimbrough 06/04/2001 08:25 AM 	   To: russell.murrell@enron.com, kevin.radous@enron.com, lee.fascetti@enron.com, laura.luce@enron.com, tim.hermann@enron.com, gregg.penman@enron.com, james.simpson@enron.com, richard.tomaski@enron.com, barbara.dillard@enron.com, steve.richman@enron.com, t.compton@pecorp.com, cary.m.carrabine@enron.com, mark.mixon@enron.com, roy.rodriguez@enron.com, lynn.pikofsky@enron.com, kay.classen@enron.com, robin.rodrigue@enron.com, daryll.fuentes@enron.com, Jennifer Cornfield/NA/Enron@Enron, Rita Burkett/NA/Enron@Enron, Stephanie Tucker/NA/Enron@Enron, David Rosenblum/NA/Enron@Enron, Bob Uxa/NA/Enron@Enron, Derek Van Deusen/NA/Enron@Enron, k.hund@pecorp.com, bob.beyer@enron.com  cc:   Subject: Barbara and Kevin's new addition

Colin Paul Radous was born on June 3 at 11:16am.

8 lbs. 7 oz., 21 inches

Barbara and Kevin are at Northwestern Hospital.  She is under the last name Dillard.


Thank you for registering your Sony product on our web site.
This is a confirmation that you have registered the following:

DSCF505

You now qualify for a $20 credit towards the purchase of select accessories
at Sony Direct! As some conditions apply, visit:

http://www.onlineregister.com/sony/dioffer.html

to review offer details, restrictions and a list of eligible models.

Refer to the accessory guide booklet that came with your product to
view your accessory options. Or call 1-800-866-7427 and our trained
staff will assist you in finding an accessory for your product.

To make a purchase, call 1-800-866-7427 within 90 days of registration.
Our trained staff is standing by to assist you with your selection.
Please be prepared to provide the operator with the following information:

Name: Martin Cuilla

Code: 0110004MC17670898
Model: DSCF505
Serial Number: 101923

The unique code above will allow you to redeem this $20 credit one
time only on in-stock accessories. Please print and keep this code
in a safe place, because like a gift certificate, it cannot be replaced
if lost. After you make your accessory purchase, a separate $20 credit
to your credit card account will be processed within 1-2 billing cycles.

Please register your future Sony purchases at
http://www.sony.com/productregistration

If you have any questions regarding service and support
please visit our Service & Support web site at
http://www.sony.com/support or contact custserv@info.sel.sony.com.

This email is automatically generated.
If you reply back to this message, there will be no one available to
assist you.

Thank you again for your registration.


I had a voice mail from him Mon or Tues that said he would try and get into
the office either today or tomorrow.  I expect he may be tied up with getting
his son into the hospital and catching up with his wife so we may not see him
til Monday.

Sara Shackleton
10/21/99 10:38 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Brent Hendry

Have you heard if Brent will be in Houston this week or early next week?  SS


Sue & Jeff,

You two were the only individuals who submitted RCR's.  Please access the following number @ 1:00 PM (CDT) to discuss your RCR.

Date:		Monday, October 22

Time:		1:00 PM (CDT)

Number:	1-877-660-6591
		participant code# 558191

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160


Shirley,

Please, renew my membership.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/07/2000
10:41 AM ---------------------------

main@iafe.org on 12/05/2000 03:47:45 PM
To: <main@iafe.org>
cc:
Subject: IAFE Membership

Dear Colleague:

We are pleased to report that we had a very exciting and productive year
with  dozens of activities around the world. As we enter our 10th year of
operations,  the IAFE has additional membership options available to you.
Please take a  moment to look at the attached membership form with the 2001
rate schedule.  Based on member requests, a Premium Membership is now being
offered that  includes the Annual Conference at a 30% discount, the Financial
Engineer of the  Year dinner, plus a subscription to the Journal of
Derivatives (JOD). The Full  membership remains as in previous years. The new
Regular membership includes all  membership benefits except JOD. Membership
is based on the calendar year January  1 - December 31, 2001.

Membership is also available on our secured  membership registration form at
our website http://www.iafe.org/about/join.ihtml. While on  our website,
please take a moment to visit our calendar listing upcoming events  for the
new year.

If you have any questions please don't hesitate to  contact me at
main@iafe.org<mailto:main@iafe.org>.

Regards,
Donna Jacobus
IAFE Office Manager
 - 2001 Membership Application.pdf


Lisa:
Per my voice mail, here is what I sent Frank.  Stacy Dickson has confirmed
that all of the Physical answers are ok.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 05/12/2000 11:33 AM -----

	Carol St Clair
	05/08/2000 06:18 PM

		 To: Frank L Davis/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron-online

Frank:
I have sent your responses to Stacy Dickson and Jeff Hodge so that they can
verify the physical questions.  With respect to question #3, I would alos
state that until the Master is executed, all of those trades will be governed
by the online GTC.  Also, to the extent that Cargill traded with Enron Canada
on a financial basis, those trades would alos be confirmed under the Master
as it is my understanding taht we do not do separate Masters with the same
counterparty for ENA and ECC.

Carol


The New Power Company
The smarter way to power your home

Thank you for using NewPower.com! Your business is important to us and we
appreciate the opportunity to serve you.

Expect our e-mail response within 24 hours and should you have any
questions, please feel free to contact us by replying to this message.

Thanks again for using NewPower.com

registrations@newpower.com - Business Hours 7:00 a.m. to 9:00 p.m. EST


Attached is an interesting letter from Edison to DWR asking a number of
questions concerning the relationship bvetween the utilities and the  agency.
?
Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.?  Suite 244
Woodland Hills, CA 91367
Tel:?? (818)  596-2201
Fax:? (818) 346-6502
douglass@energyattorney.com
 - 7-26-01 Ltr to T Hannigan.doc


Thank you.

>>> <Kay.Mann@enron.com> 05/01/01 04:10PM >>>

1400 Smith,
Room 3882A
Houston, Tx  77002

"Kim Knox" <kknox@brunini.com> on 05/01/2001 03:34:47 PM

To:   <Kay.Mann@Enron.com>
cc:

Subject:  Address

Good afternoon.  I am Wilson Montjoy's secretary.  Could you please send me
your mailing address for our files?  Thank you.

Kim Knox


5:00 you?

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 31, 2001 2:56 PM
To:	Maggi, Mike
Subject:

What time are you leaving today?

Amanda K. Huble
Gas Fundamentals
Phone: (713) 853-4384
Pager: (877) 482-0772
Fax: (713) 646-8453


I will be out of the office on business from Tuesday February 5 through Friday February 8 .

I will be unable to access my email during this time but please feel free to contact me either on my cell phone at 917 523 6132 or  through  Jennifer Puca at 212 713 3989.

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


Please remember that today is another Clean Sweep Friday.  Please take some time today and clean out your desk.  If you need things archived, please let me know.

Once again, lunch will be served on floor 32 at 11:30am.  It is Black Eye Pea today.

Let me know if you have any questions.
Thanks,
Sonia Hennessy
Enron Networks
Phone# 713-345-4858
Fax# 713-646-2443
Location:  EB3103g
sonia.hennessy@enron.com


Applegate is eyed for power plant

Jun. 2, 2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

MEDFORD, Ore. (AP) - A hydropower firm has applied for a preliminary permit
from the Federal Energy Regulatory Commission to study the feasibility of
building a hydropower plant at Applegate Dam.

Symbiotics LLC, a subsidiary of Northwest Power Services Inc., based in
Rigby, Idaho, and Ecosystem Research Institute in Logan, Utah, want to
retrofit the dam to produce about 12 megawatts of electricity.

The dam, on the Applegate River about 20 miles south of Medford, currently
has no hydropower capacity. It was built in 1980 by the U.S. Corps of
Engineers.

"The price of energy has made it economical now to look at a project of this
kind," said Hart Evans, a spokesman for ERI. "We started looking at a lot of
different dams this year to see what the potential is for hydropower plants."

Applegate Dam is one of more than 100 dams for which ERI has filed
preliminary permit applications in the Pacific Northwest, including Savage
Rapids Dam on the Rogue River just upstream from Grants Pass, Evans said.

Northwest Power and ERI, which he described as an environmental consulting
firm, have been working jointly on power projects for 25 years, Evans said.

Symbiotics was launched early this year to focus exclusively on hydropower,
he said.

The permit, if granted, would give the firm three years to study the project,
said FERC spokeswoman Celeste Miller in Washington, D.C.

"It does not authorize any construction," Miller said. "If an applicant
determines at the end of the permit period that they want to develop the
project, then they would have to file for a license."


Senator Bowen has canceled tomorrow's informational hearing on ESPs.


Anything more on this?

	Alan Aronowitz 05/29/2001 11:49 AM 	   To: Mark E Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT  cc:   Subject: FW: MT BRAGE PACIFIC - GASOIL

FYI.
----- Forwarded by Alan Aronowitz/HOU/ECT on 05/29/2001 11:48 AM -----

	Robert Quick/Enron@EUEnronXGate 05/29/2001 11:33 AM 	   To: Alan Aronowitz/HOU/ECT@ECT  cc:   Subject: FW: MT BRAGE PACIFIC - GASOIL

this came in today pm. No spillage as such. I will forward 2 other related emails. tks

 -----Original Message-----
From: 	Nicholson, Andre
Sent:	29 May 2001 14:16
To:	Earnest, Scott; Sweeney, Kevin; Nowlan Jr., John L.; Harrison, John H.; Gasper, Michael J.; Price, Brent A.
Cc:	Quick, Robert; Horn, Cindy; Ted Rosen; Mostura, Sylvie; Makinen, Maarit; Mahoney, Chris; Koller, Ross
Subject:	MT BRAGE PACIFIC - GASOIL

Just a short note to you all advising that the vessel MT Brage Pacific ( Enron charter - from Ventspils to Rotterdam) carrying Gasoil grounded today.

The telex message below is self explanatory but please advise if you require any further information at this stage.

I will keep you all informed when further details are received.

Thanks and Regards
Andre
Telephone No + 44 20 7783 5429
Fax No	              + 44 20 7783 8062

London Telex
29/05/2001 13:20
To:	ECT LONDON TELEX INCOMING
cc:

Subject:	Telex, 8813609 LONMAR G <XTA_6609> TLX01

MSG NO. XTA 6609 01/05/29 12:50

922465 ENRON G
8813609 LONMAR G

FROM :  BRAEMAR
DATE :  29/05/2001
TIME :  13:28:48
REF  :  NH4511797

ATTENTION MAARIT

URGENT     URGENT

FOLLOWING RECD FROM OWNERS

REF: M/T BRAGE PACIFIC/ENRON C/P DD 23.MAY
2001                       16,059.900 MT  GASOIL VENTSPILS/ROTTERDAM
FOR ORDERS
------------

WE REGRET TO ADVISE THAT VESSEL GROUNDED AT SAMSOE BELT IN POSITION
N 55 DEG 53,9 MIN, E 10 DEG 56,5 AT 11:45 HRS TODAY.

WE HAVE INFORMED NORWEGIAN AND DANISH AUTHORITIES.  THERE IS NO
SPILL FROM THE VESSEL AND SHE IS NOT TAKING WATER.

THE BOTTOM WHERE SHE GROUNDED IS OF SAND/MUD, AND WE WILL TRY TO
GET HER AFLOAT AGAIN AT HIGH WATER, 19:27 HRS TONIGHT.
WE HAVE CONTACTED TUG COMPANIES AND EXPECT A TUG TO ARRIVE THIS
EVENING.  THE WIND/SEA IS CALM IN THE AREA.

WE MAY HAVE TO TRANSFER SOME OF THE CARGO TO ANOTHER VESSEL
IN ORDER TO GET BRAGE PACIFIC AFLOAT, BUT THIS WILL ONLY BE KNOWN
TONIGHT.

WE WILL REVERT WITH MORE INFORMATION TOMORROW AM.

REGARDS,
SEATRANS ERMEFER TANKERS, BERGEN/NORWAY
GUNNAR SOLBERG

REGARDS
N. HARDAKER
BRAEMAR MARITIME LTD
AS BROKERS ONLY

NNNN

8813609 LONMAR G
922465 ENRON G

<Embedded Picture (Device Independent Bitmap)>


Melba,
I do not know what "any Unrestricted Algonquin Gas Transmission City Gate"
means.  This description needs more detail explaining "unrestricted".

Stacy


Per our call.

 -----Original Message-----
From:  Sharp, Vicki
Sent: Thursday, May 24, 2001 10:22 AM
To: Mahoney, Peggy; Williams, Robert C.
Cc: Delainey, David; Dietrich, Janet; Leff, Dan; Sunde, Marty; Tilney,
Elizabeth; Palmer, Mark; Kean, Steven; Steffes, James; Denne, Karen; Koenig,
Mark; Rieker, Paula; Ivers, Elizabeth; Black, Don; Hughes, Evan; Huddleson,
Diann
Subject: Re: Final Letter!!! CA residential customers

We are conducting our final outside counsel sign off.  Thanks.

Peggy Mahoney
05/23/2001 09:36 PM
To: David W Delainey/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Dan
Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES
cc: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Mark
Koenig/Enron@EnronXGate, Paula Rieker/Enron@EnronXGate, Elizabeth
Ivers/Enron@EnronXGate, Don Black/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Diann
Huddleson/HOU/EES@EES
Subject: Final Letter!!!  CA residential customers

FYI.  The letter below reflects changes from Corp and EES.  Dianne is
scheduled
to start mailing on Friday.   I will be out of the office tomorrow, so please
call Beth Tilney
x35022 or Diann Huddleson x30584 immediately if you have any major issues.

Thanks!
Peggy
(I can be reached by cell phone - 713-504-4338)

---------------------- Forwarded by Peggy Mahoney/HOU/EES on 05/23/2001 09:18
PM ---------------------------

Max Eberts
05/23/2001 06:51 PM
To: Diann Huddleson/HOU/EES@EES
cc: Elizabeth Tilney/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES
Subject: CA residential customer letter

Diann,

Attached is the final copy for the letter to the California residential
customers.  It has received everyone's seal of approval.
There are two documents: document I with the telephone number of the customer
representative for EESI customers (1-888-367-6610)
and document II with the telephone number of the customer representative for
EEMC customers (1-800-743-1700).  Diann, would
you please double check those numbers to make sure I have them right.  Thank
you.


This looks like a continuation of the FX issue and who can trade on behalf of
ENA/RMT.
----- Forwarded by Brent Hendry/NA/Enron on 10/26/2000 08:01 AM -----

	Dale Neuner@ECT
	10/25/2000 07:52 AM

		 To: Janine Juggins/LON/ECT@ECT
		 cc: Brent Hendry/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert B
Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
		 Subject: Re: How about that Oslo Confirm?

Janine -

I have speaking with the FX desk about the status o the roll-out of the
Currency Exchange products on EnronOnline, and apparently they are a little
frustrated; they continue to reiterate that what they are trying to
accomplish Online is the same kind of transactions that they currently do
over the phone.

That being the case, I asked for an example of a Confirmation of such a
transaction. Attached please find a confirmation between RMT and ETRIC dated
July 10, 2000. Laurel Adams of the FX documentation unit explains that Trena
McFarland, a trader in the UK, regularly does non-proprietary FX transactions
on the behalf of RMT. Laurel has been assured that this is appropriate, but
we a re unable to locate any clear 'policy' or 'instruction' in this regard.

So, we either have a situation where this issue is being handled
inappropriately on the FX desk and needs to be corrected for their OTC
transactions as well as EOL, or there's some loophole or other piece of
information that is missing from the equation we are trying to solve for.

I think it goes without saying that, whatever the case, we at EOL will follow
the lead given by our Tax and Legal Departments - and I would hope that we
will find a quick, AND FINAL, resolution.

Dale

---------------------- Forwarded by Dale Neuner/HOU/ECT on 10/25/2000 06:39
AM ---------------------------

Laurel Adams
10/24/2000 05:58 PM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: How about that Oslo Confirm?

My short term memory is shot....


Cindy & Chris,
 EQUITRANS FOR JULY:
1. CBE, Inc meter 11480 will be nominated by Equitable Energy,LLC  for the
month of July.  The paper work did not get in on time to effect a transfer of
this meter into Equitable's pool.  Equitable is buying the production from
the producer.
2.  Power Gas Marketing & Transmission  7,500 Dth (revised to 5,000 due to
curtailments implemented by PNG) has been sold to Equitabel Energy, LLC @ CNG
Index  plus 2 cents.   Equitable will do a pool to pool from PMGT's pool .
3.  Envirogas, Inc meter 11445 has been shut-in by Envirogas.  Do not nom any
volumes from this meter.
4.  The other metered production (Aurora, Braxton,& Kennedy) of 296/day.
Unless I can sell to Equitable this AM, you will have to take to ?????  (If I
sell to Equitable, I'm sure they will want to use there own firm transport. )

Happy 4th of July
 John

	Enron North America Corp.

	From:  Cynthia Franklin                           06/22/2000 08:47 AM

To: John M Singer/Corp/Enron@ENRON
cc:

Subject: Re: CBE, Inc. Equitrans production

John,
Here's the Equitrans numbers I've received:

    Meter#   Volume
Braxton
#21620110   7
#21720103   5
#22008    7
#22028    7
#22049    12
#22128    0
#22299    2
#22575    47
#23150101   14

Bill Kennedy
#23234    40
#23478    130

Aurora
#23420    25

Per records that accounting provided late last month, it does look like we
are short to the pipe. I've tried getting Equitrans to confirm but to no
avail. I'll keep trying to get it tied down.

Cindy

	Enron North America Corp.

	From:  John M Singer                           06/20/2000 10:27 AM

To: Cynthia Franklin/Corp/Enron@ENRON, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc: Mary Theresa Franklin/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON, Wade
R Price/HOU/ECT@ECT

Subject: CBE, Inc. Equitrans production

CBE, Inc is cancelling their contract with ENA for Meter 11480 Equitrans
production effective July 1, 2000.

The only production which we have for July forward should be:
 1.  Braxton Oil & Gas
 2.  Bill Kennedy
 3.  Aurora
I do not want to cancel their contracts untill we are sure that we do not owe
Equitrans for any past negative imbalances.

Cindi, when you nom for July, let me know the volume and I will try to sell
the gas to Dominion.

John


Critical Migration Information:

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A couple of thoughts --

1.	NG is trying to schedule a meeting in Columbus either Dec 4 or Dec 5.

2.	I did speak with Ashley.  He indicated that NG has no specific inclination to avoid LMP in the real-time.  He did not, however, confirm that NG was indifferent.

3.	I am very concerned with the implication that Mike highlights in his point #1.  NG may simply have misstated its intentions.  But clearly this position makes it difficult for NG to join MISO under Appendix I (they would be giving up too much).

4.	I agree that what NG is really saying is a for-profit RTO with ownership of some (but not necessarily all) transmission plant in its footprint.

5.	Let's try and coordinate our discussions with Paul Dawson in the London office to gather his thoughts on NG in the UK market.

Luiz -  Can you please develop some questions / talking points based on the attached comments that we can transmit to Ashley Brown prior to the meeting?

Thanks

 -----Original Message-----
From: 	Roan, Michael
Sent:	Monday, November 12, 2001 3:14 PM
To:	Steffes, James D.; Nicolay, Christi L.; Maurer, Luiz; Stroup, Kerry
Subject:	RE: Alliance

Just been through the paper and have the following thoughts or concerns depending on your viewpoint:

1.  The model is inconsistent with the approach taken by FERC.  NG propose that every transco. sets its own rates, runs its own OASIS and manages congestion....how can this ensure 'seamless practices' within each RTO footprint?  I suggest the opposite will occur, that is balkanization.  For example, Transco's can join MISO under Appendix I, and a number are proposing to do so.  Based on NG's proposed split of functions each transco. could join MISO with its own tx rates, OASIS platform and congestion protocol regardless of whether they are consistent.  Under this scenario transmission rates and markets would remain balkanized and vary depending on transmission company geographic reach (similar to today).
2.  NG state that the benefit of a 'for profit' entity is that it can and will manage risk commercially, i agree!  However NG miss the point here....If an RTO/ISO is a non profit organisation, it will only provide services such as tariff admin., OASIS and congestion management (such an RTO will not own tx. assets...the tx. companies that it provides services on behalf of will continue to do so!).  In providing these services the RTO/ISO only manages risk associated with non provision of service, not the underlying transmission delivery risk.  The transmission companies, for whom the RTO provides services, will continue to be 'for profit entities' and will continue to manage risks commercially (RTO benefits result primarily from aggregation of services not from more appropriate commercial risk management...there is nothing to stop tx. owners from managing risk more effectively regardless of proposed RTO structure.  For example NG as a transco., Translink or Cinergy transmission could propose liquidated damage clauses for overselling firm transmission under the non profit RTO structure.  Likewise NG as transco and RTO could make the same proposal).  Commercial form is a second order issue!
3.  NG should have concentrated on supporting FERC policy (4 RTO's) rather than stating one parties view on separation of RTO functions between profit/non profit entities.  FERC policy suggests that the key structural issues are; increasing market size (4 regional markets) and third party access ('level playing field').  This was the basis for the CGM proposal that came out of the SE mediation.  Separating CM and OATT admin. from planning and security coord. improves third party access to real time information which in turn will facilitate market based investment decision making (being investment in transmission, generation or DSM).  Suggesting that transmission investment is necessary to resolve existing transmission constraints either shows ignorance or more likely the conflict that NG has...i suggest that investment in generation or DSM could resolve the problems just as adequately.
4.  The model seems to be based on the assumption that transmission charges will continue to be based on 'contract path' (congestion managed through redispatch).  I assume that NG, and other transmission companies, prefer this approach as it allows them to both maximise cash returns (above appropriate regulated rates) and control information that facilitates new investment (retain monopoly).  I agree with Jim that this suggests a physical approach to congestion management.  NG's concept that third parties can 'energy markets' is consistent with the ARTO approach (i.e. allowing an APX to provide day ahead market functions for example).  I would propose that a transco. should not care what tx. charging methodology was in place as long as it is perceived to be reasonable by customers and receives its aggregate regulated revenue requirement.  Thus CM and OATT administration are not core transco. functions at all...

In summary, I suggest that NG actually propose the paper to reflect a 'for profit' RTO but they do not state this anywhere (even if true, they do not state anywhere that a transco. should have consistent OATT and CM protocols if the assets they own are non contiguous or the transco. has a number of owners). I agree with Luiz that in this form it is a hard sell and does not resolve Enron's ongoing concerns...

regards
Mike

 -----Original Message-----
From: 	Maurer, Luiz
Sent:	Tuesday, November 06, 2001 10:57 AM
To:	Steffes, James D.
Subject:	RE: Alliance

Jim

As per your request, I examined the attached doc (Response of National Grid US to Questions posed by the  Com << File: National Grid Transco White Paper.doc >> m ission)

My initial reaction is:

1) The simple answer to your question is: yes, I think the proposed governance and organization structure can live with an LMP model. I am not familiar with other MISO CM model, but at least in terms of LMP, my feeling is that those are not mutually exclusive. It may be worth asking Ashley Brown

2) National Grid and other proponents of For-Profit-Transcos may have other ideas on how to manage congestions (e.g. different reliability level products by customer segment). However, the attached paper makes no allusion to avoid LMP and to introduce other congestion management models. The paper does not imply a physical model either. Your feeling may be right, but it does not surface from the paper per se.

3) National Grid proposal is, in fact, an expanded version of the Southeast Model proposed at the Mediation. It reinforces the role of the Transco Company, preempting, to some extent, the role of the System Admininstrator. This was a very controversial topic in the mediation: the System Adminstrator was in charge of some functions to avoid potential bias.  (particularly from transmission companies who are not willing/able to transfer their T assets)

4) National Grid will face a lot of resistance when selling this idea; Your concerns on generation redispatch and long term transmission planning are "surfaced" in the paper, by creating a concept of "core vs. additional" functions and a chinese wall, if necessary.  But the perception of potential bias does exist. National Grid will probably face a lot of difficulty in " selling"  this idea. Particularly when we get to the details

LM

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, November 05, 2001 4:50 PM
To:	Maurer, Luiz; Stroup, Kerry; Roan, Michael; Nicolay, Christi L.
Subject:	FW: Alliance

FYI.  If we were to ask NG, could they live with the MISO CM/market model??

Thanks.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, November 05, 2001 12:40 PM
To:	Nicolay, Christi L.; Roan, Michael; Novosel, Sarah
Cc:	Shapiro, Richard
Subject:	FW: Alliance

NG proposal for "splitting" work between Transco and other parties.  Don't think they do a great job of managing the key fears - (1) generation redispatch and (2) long-term transmission plant over generation investments.

As I read this document, I get the strange feeling that NG is a physical-right player.  Meaning, NG needs to build a model based on physical flows so they can control (a) TTC/ATC and (b) use of non-firm transmission.

While the NG letter states that the "functions related to energy markets can be performed by a disinterested third-party", NG specifically reserves as a Core Function the "Ability to propose congestion pricing methodology".  Sure APX could go in and operate the balancing and CM system, but NG has the right to design subject to FERC procedures.

Not sure what you guys think?

I will probably get back to Ashley Brown later this week.

Jim

 -----Original Message-----
From: 	"ASHLEY BROWN" <ACBROWN@LLGM.COM>@ENRON
Sent:	Monday, November 05, 2001 9:18 AM
To:	dennis.flaherty@cinergy.com; david.a.svanda@cis.state.mi.us; gary.r.kitts@cis.state.mi.us; greg.r.white@cis.state.mi.us; janet.c.hanneman@cis.state.mi.us; laura.chappelle@cis.state.mi.us; michael.a.fielek@cis.state.mi.us; michel.l.hiser@cis.state.mi.us; robert.b.nelson@cis.state.mi.us; william.j.celio@cis.state.mi.us; harvey.reed@constellation.com; Mfgildea@dukeenergy.com; rfahey@edisonmission.com; Steffes, James D.; airobbins@gkase-law.com; rrismill@icc.state.il.us; Snaumer@icc.state.il.us; tharvill@icc.state.il.us; diane.munns@iub.state.ia.us; gforman@mail.state.ky.us; gwgillis@mail.state.ky.us; rgraff@mail.state.ky.us; rsphillips@mail.state.ky.us; rkind01@mail.state.mo.us; wsmith@max.state.ia.us; skelly@mbolaw.com; Jim.mayhew@mirant.com; mina.turner@mirant.com; susann.felton@mirant.com; Srandazzo@mwncmh.com; ervin@ncuc.net; richard.doying@neg.pge.com; clane@psc.state.wv.us; dellis@psc.state.wv.us; don.howard@puc.state.oh.us; judy.jones@puc.state.oh.us; Kim.wissman@puc.state.oh.us; nicci.crocker@puc.state.oh.us; eckenrod@puc.state.pa.us; levin@puc.state.pa.us; jcrowley@pwrteam.com; jorr@reliant.com; cwalker@scc.state.va.us; boyntonh@state.mi.us; bborum@urc.state.in.us; Bpauley@urc.state.in.us; dhadley@urc.state.in.us; dziegner@urc.state.in.us
Cc:	Paul Connolly; nick.winser@us.ngrid.com; paul.halas@us.ngrid.com
Subject:	Alliance

Attached please find a copy of the paper entitled "Response of National Grid USA to Questions Posed by the Commission" for your review.

==============================================================================
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.

==============================================================================
 - National Grid Transco White Paper.doc << File: National Grid Transco White Paper.doc >>


- cky01to02.doc


---------------------- Forwarded by John Arnold/HOU/ECT on 04/30/2001 09:30
AM ---------------------------

"Mark Sagel" <msagel@home.com> on 04/29/2001 06:50:29 PM
To: "John Arnold" <jarnold@enron.com>
cc:
Subject: natural update

Latest comments FYI
 - ng042901.doc


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we bought tickets for $30.  it is a different place.  what did you do on new
years?  i wasn't that excited for it this year.


Jeff pls call Bryan Gottfredson at 713-942-7307 to discuss possible job openings in CA.


Dear Valued Customer,

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Shipment 1 -------------------------------------------------

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No thanks.

 -----Original Message-----
From: 	"Cathleen Behan" <cathy@intelligencepress.com>@ENRON [mailto:IMCEANOTES-+22Cathleen+20Behan+22+20+3Ccathy+40intelligencepress+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, May 15, 2001 1:34 PM
To:	Smith, Matt
Subject:	NGI access

Good afternoon, Matthew.

Would you like to join the Enron site license that we have?
You would receive all three of our publications until the common expire date
of May 18, 2002.

Let me know so we ensure that you receive the energy news you need.

Cathy Behan
Marketing & Sales Director
Intelligence Press, Inc.
1-800-427-5747
cathy@intelligencepress.com


Start Date: 10/9/01; HourAhead hour: 18;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100918.txt

Error retrieving HourAhead price data - process continuing...


Today, Enron hosted a conference call to give investors a current overview of the company. Here's an update of what we discussed during the call.

We told investors that we're doing everything we can to protect their interests and to regain their confidence. Our focus remains on our credit quality, balance sheet and liquidity, which are essential for our continued success and expansion of our wholesale businesses.

It took more than a few weeks to get where we are today. Here's a snapshot of significant events that led to our current situation:

-- In hindsight, we definitely made some very bad investments in our non-core businesses over the past several years. Those include investments in Azurix, India and Brazil. They have performed far worse that we could have ever imagined when we made these investments;

-- Because of these bad investments, we've become over-leveraged as a company. The negative impact of those investments was exacerbated through the extensive use of debt capital both on and off our balance sheet;

-- We also entered into related party transactions that led to a loss of investor confidence, which has been very damaging;

-- We've been criticized for our lack of transparency and our hard-to-understand financial and operating disclosures; and

-- On top of it all, we discovered errors in our financial statements, as discussed in our 8-K filing last week, that required a restatement of previously reported earnings.

We've taken a new look at our businesses and have separated them into three areas: core businesses, non-core businesses, and businesses under review.

Core Businesses

Our core businesses remain strong and consistent sources of significant earnings and cash flows for the company. They're our competitive advantage. These include:

-- Natural gas pipeline businesses;

-- Gas and power businesses in North America and Europe;

-- Retail businesses in North America and Europe; and

-- Coal businesses in North America and Europe.

The events of the past few weeks have had a temporary negative impact on our projected fourth quarter profitability. It's too early to tell at this time what impact this might have on our operating results. We are considering these actions now so that we can quickly return to normal business in 2002.

I also remain optimistic that the actions we've taken over the past couple of weeks have addressed our customer and counterparty credit and liquidity concerns. According to our business unit leaders, we have definitely seen improvement in our counterparty relationships.

Non-Core Businesses

Our non-core businesses include our global assets group and our broadband division. We have invested more than $8 billion in these businesses, and the return from them has been dismal.

We have an aggressive program in place to exit these businesses and expect that the sale of these businesses will generate billions of dollars in cash that we can use to repay debt and reinvest in our core businesses. We already have more than $800 million in assets contracted for sale this year. They include CEG Rio, a gas LDC in Brazil; EcoElectrica, a power plant and LNG receiving terminal in Puerto Rico; and asset sales of offshore oil and gas properties in India. The approximately $2.9 billion Portland General sale is also on target to close in late 2002 pending regulatory approvals.

Businesses Under Review

These businesses are comprised of those operations outside our power and gas wholesale businesses and include global and industrial markets. While several of these businesses have very strong future prospects, we need to determine if their capital requirements and near-term growth prospects are sufficient enough in terms of earnings and cash generation.

Reviewing our businesses this way will help determine where we need to make reductions to our work force. More information will follow as soon as it becomes available.

Credit Rating/10-Q Filing

We continue to meet regularly with credit rating agencies and believe that our liquidity enhancements and scheduled asset sales will strengthen our balance sheet and maintain our investment grade credit rating. Our current credit ratings by the three major rating agencies are as follows:

-- Moody's at Baa3       "Under Review for Further Downgrade"

-- Fitch at BBB-             "Evolving Status"

-- S&P at BBB-              "CreditWatch Negative"

We also discussed our existing financial vehicles, including Osprey, Marlin and Yosemite, in further detail. We told investors that we will file our 10-Q five days late due to our current activities. It will be filed on Nov. 19.

We will continue to have updates with investors over the coming weeks as well as our frequent updates with you. The full transcript of our conference call will be filed with the Securities and Exchange Commission in the next few days. It will also be posted on our web site at www.enron.com/corp/investors under "SEC Filings."

In connection with the proposed transactions, Dynegy and Enron will file a joint proxy statement/prospectus with the Securities and Exchange Commission. Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either: Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) 507-6466, Fax: (713) 767-6652; or Investor Relations, Enron Corp., Enron Building, 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (713) 646-3302.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.


Yes, I will attend (one person).  Thank you.

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


Diana,

I need to leave for today.  I will look into this first thing tomorrow morning.  If it is more urgent give me a call at 713-417-4679 or contact Duong Luu or Bill Crooks.

Regards,
Will

 -----Original Message-----
From: 	Scholtes, Diana
Sent:	Wednesday, January 09, 2002 4:21 PM
To:	Smith, Will
Subject:	RE: Auto Scheduler

Hey Will!

Remeber us dicussing deals showing up in Real-Time Position manager that are the EPMI-West-Bank.  Can you remove these from this view?

thanks,

Diana

 -----Original Message-----
From: 	Smith, Will
Sent:	Thursday, January 03, 2002 7:55 AM
To:	Scholtes, Diana
Subject:	RE: Auto Scheduler

For the West:

Schedule:	12/14/2001 - 12/28/2001
Analysis:	4/2/1996 - 12/13/2001

Regards,
Will

 -----Original Message-----
From: 	Scholtes, Diana
Sent:	Thursday, January 03, 2002 9:16 AM
To:	Smith, Will
Subject:	Auto Scheduler

Will,

Can you tell me what day was the last to be rolled in Auto Scheduler?  I'm trying to go back into December to balance Enpower for Settlement purposes.

Thank you,

Diana Scholtes
503-464-3807


Ashley R. Worthing
Enron NetWorks
Risk Management - West Desk
713-345-3727

-----Original Message-----
From: Stephenson, Allison (US - Houston)
[mailto:astephenson@deloitte.com]
Sent: Friday, January 18, 2002 12:16 PM
To: Rosemary Francis (E-mail); stephenson@wcnet.net; step@wcnet.net
Cc: Worthing, Ashley; Zach Williams (E-mail)
Subject: FW: FW: Andersen

More cartoon fun.

Allison Francis
Deloitte & Touche- Houston
(713)-982-4594

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message.  Any
disclosure, copying, or distribution of this message, or the taking of any
action based on it, is strictly prohibited.


i am up for whatever.  let's just try to get something planned before xmas.


---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/24/2000
03:56 PM ---------------------------

	Enron North America Corp.

	From:  Ken Lay and Jeff Skilling @ ENRON                           10/24/2000
03:35 PM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: A Message from Ken Lay and Jeff Skilling

With deep regret we announce that Joe Sutton, Vice Chairman of Enron, has
decided to leave the company.  Joe has indicated his desire to pursue other
opportunities in the energy asset development and operations business.

Joe has been instrumental in making Enron a global company.  We will miss his
energy and enthusiasm.  We wish Joe the very best as he pursues new endeavors.

Ken and Jeff


I attach for your review the redraft of the Agency Agreement.  Changes can be
viewed (or ignored) by turning on (or off) the Track Changes imaging in
Word's "Tools" section of the menu bar.

By the way, I did not spell out the payment account mechanics, since I
understood that these would require discussions between you and Peoples.  I
will separately forward Boyd's analysis of the regulatory impact of sending
invoices instructing shippers to make their checks payable directly to MEH,
as agent, instead of directly to Peoples (conclusion: acceptable, but they
might want to tweak the GT&C to reflect it).

Please call me if you have any questions whatsoever.

Thanks!  DT

 - #1127382 v13 - NEW AGENCY AGREEMENT.doc


Ellen,
 The attached document at the end of this is the final except for the minor
change which we discussed.
----- Forwarded by Dan J Hyvl/HOU/ECT on 04/25/2001 04:26 PM -----

	Phil DeMoes@ENRON
	04/19/2001 09:53 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: FW: ENRON CONFIRMATION LETTER - SNG Pool Gas

Lets discuss.  This is the shorter term 5 year deal.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 04/19/2001
09:52 AM ---------------------------

"Kilpatrick, Alan M." <AMKilpat@southernco.com> on 04/19/2001 09:51:09 AM
To: "Phil DeMoes (E-mail)" <phil.demoes@enron.com>
cc:

Subject: FW: ENRON CONFIRMATION LETTER - SNG Pool Gas

Please see the confirmation letter with slight changes to the delivery point
and the 30 day termination sentence.  Give me a call to discuss.

Alan Kilpatrick --- * - 205/257-6143 --- * - 250/257-7795 ---  * -
amkilpat@southernco.com <mailto:amkilpat@southernco.com>

-----Original Message-----
From: Bailey, Donna [SMTP:dbailey@balch.com]
<mailto:[SMTP:dbailey@balch.com]>
Sent: Thursday, April 19, 2001 9:44 AM
To: Alan M. Kilpatrick
Subject: ENRON CONFIRMATION LETTER

 <<F6NK02_.doc>>

Alan, attached is the revised  confirmation letter with Enron reflecting the
slight modifications to Enron's last  draft that we discussed.

Donna J. Bailey
Balch & Bingham llp
1710 Sixth Avenue North
Birmingham, Alabama 35203-2015
(205) 226-3451 -- direct dial
(205) 226-8798 -- facsimile
dbailey@balch.com <mailto:dbailey@balch.com>
website address: www.balch.com <http://www.balch.com>
This transmission is intended for the sole use of the addressee, and may
contain information that by its privileged and confidential nature is exempt
from disclosure under applicable law. You are hereby notified that any
dissemination, distribution or duplication of this transmission by someone
other than the intended recipient or its designated agent is strictly
prohibited. If you have received this transmission in error, please notify
the sender immediately by replying to this transmission, or by collect call
to the above phone number.

 - F6NK02_.doc


Group,

For the third day in a row (4th time this week) I have received an email or
call from Kathy at EPE asking the model to be resent because of simple
errors.  Typos in the model should be caught and corrected while checking out
with counterparties and running the CARP.  The ancillary service (spin) deals
need to sum into the ancillary section at the bottom...not with the regular
deal entry summary.  We need to use the reconciliation sheet when appropriate
(which has not been used since Feb--and this will haunt us when Houston tries
to check out March and April).  We do a good job trading for EPE and managing
their system but I am not impressed with our attention to detail for this
customer on deal entry.  I continue to see the same mistakes which suggests
that procedure questions exist.  Please ask myself or a senior member of the
group if you have any questions.  I look for us to improve going forward.

Thanks,

Bill
503-887-3449


Robert Kincaid 4362, Stacy Lee 4327, Joan Armstrong 4250 (credit)


Netiquette.  What's that?

Well, in case you didn't know, Netiquette is the proper use of e-mail.
Because we all spend a large portion of our day communicating with customers,
vendors and co-workers via e-mail, here are some tips to help you polish your
e-mail skills and send you on your way to Netiquette success.

Short & Sweet
Keep your messages concise and to the point.

Cluless In . . .
The subject line can be a couple of words or a short phrase that gives the
reader a hint to the contents of your message.

ARE YOU ANGRY?
The use of UPPERCASE text is the equivalent of yelling in the world of
e-mail.  Lower the case and, thus, your e-mail voice.

Are You Still Angry!!!??
Watch out for excessive punctuation like exclamation points.  If something is
important, put it in words, not exclamation points.

We Can Become Too Attached
Think of your reader and, whenever possible, put your message in the body of
the e-mail rather than in an attachment.

Does Everyone Need To Know?
Be careful when you send replies to "all recipients" of an e-mail.  Ask
yourself if everyone really needs to see your response.  If not, you'll be
using up disk space, cluttering inboxes and slowing the mail servers
unnecessarily.

Spellcheck Is Your Friend
Like printed documents, e-mail deserves a review to assure that grammar and
spelling are correct.

Privacy On The Net?
There is no such thing as private e-mail.  Never send anything by e-mail that
you would not want to see on the front page of tomorrow's newspaper.  There
are no security guarantees with electronic mail.

Eyes Only In Cyberspace
Avoid sending any confidential or sensitive information via e-mail.
Remember, it's very easy for someone else to forward messages you considered
confidential.  Even messages sent as "Confidential" can be copied.

Quick Tips -- Refine Your Skills
Long paragraphs are hard to read.  Break them up into smaller ones of two to
three sentences.
The use of abbreviations should be minimal.
When sending e-mail outside Enron, keep it plain and simple.  That means no
elaborate use of formatting tools, such as bold, indent, etc.
Your e-mail signature should be the same one you use on printed documents.
Address people in business e-mail the same way you normally would in person
or in a letter (e.g., Bob: or Ms. Smith:)
Sarcasm is dangerous to use in e-mail.  Remember, e-mail does not convey
emotions.


Attached  is EPMI's 3rd quarter WSPP report for your review and comments,
Wright & Talisman request that
we submit our filing electronically  by Friday, October 27.

Thanks
Linda

----- Forwarded by Linda L Lawrence/NA/Enron on 10/25/2000 09:18 AM -----

	Valarie Sabo@ECT
	07/31/2000 11:14 AM

		 To: Linda L Lawrence/HOU/EES@EES, Duong Luu/HOU/ECT@ECT, Cara
Semperger/PDX/ECT@ECT, Leslie Reeves/HOU/ECT@ECT
		 cc: Monica Lande/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Kristin
Albrecht/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
		 Subject: WSPP report for 3rd quarter

Hi Folks!  For 3rd quarter we'll need to undergo an examination of our
reporting requirements for WSPP and accordingly, our reporting processes.
The filing requirements can be found under the " WSPP Library" heading of the
Current Documents section of the WSPP home page (www.wspp.org).

Basically, we just need to be confident our reports are accurate and we also
need to be cognizant that if we make significant changes, we should be able
to anticipate the impact of those changes and send appropriate adjusting
notification if necessary.  Let's not surprise ourselves or FERC in a big way!

I'm not sure that I am the appropriate staff to head this up, but will be
happy to provide organization and coordination to the effort until we all are
happy with the undertaking.

Next week after the close of this month is complete, I will structure a
project management file on the WSPP reporting and we'll take it from there.
Please contact me with comments, questions, complaints, x7756.

P.S.
We have filed the 2nd quarter report using the unchanged method.


Attached is the referenced counterparty approval list.  Per earlier emails,
no U.S. counterparty should be approved for european power until we hear
otherwise.

Also, per my email yesterday, CMS Marketing, Services & Trading Company was
already approved yesterday to do basis financial.  All other prior approvals
for that counterparty should stay the same.


A procedural order issued late last night on the Staff Investigation in the
California market.  A special FERC Commission meeting will be held November 1
to consider a draft order on remedies.  The Commission will also issue the
staff investigation report.  Thereafter, comments are due within three weeks
to supplement the record or comment on the Commission's proposed remedies.
On November 9, the Commission will hold a public conference to discuss
proposed remedies.  Based on the full record then, the FERC expects to issue
an order directing remedies by the end of the year.