This research has been provided to First Union Securities through an arranged relationship with Credit Suisse First Boston(CSFB). Any questions should be directed through your First Union Securities Financial Consultant. Any contact of a CS First Boston analyst or any other CS First Boston representative is strictly prohibited.
THIS FIRST CALL NOTE MUST BE SHOWN IN ITS ENTIRETY, INCLUDING ALL DISCLAIMERS.

CREDIT SUISSE FIRST BOSTON CORPORATION
Equity Research
Americas
Multi Utilities
Curt Launer         212/538-4269     curt.launer@csfb.com
Philip Salles       212/538-4221     philip.salles@csfb.com
Andy DeVries        212/325-2518     andy.devries@csfb.com

STRONG BUY
Target Price: 25.00 (US$)
Enron Corp. (ENE)
10Q Info Consistent With Plusses For DYN In Deal

Summary

ENE filed its 3Q'01 10Q last night with information ranging from updates on
accounting restatements, balance sheet details and discussions of off-balance
sheet obligations.

Important disclosures were made related to acceleration of debt repayment due to
recent credit rating downgrades, reduced 4Q'01 eps expectations and liquidity.

ENE has $690 million in debt due on Nov 27 because of recent downgrades. We
expect this obligation to be renegotiated, satisfied out of the current cash
position of $1.5 billion or collateralized.

A reduction in 4Q'01 eps expectations because of ENE issues and other items was
part of our recent estimate reduction from $0.48 to $0.40 for 4Q'01, (before
non-
recurring items) discussed in a report dated Nov 5, 2001. We now expect 4Q eps
to be in a $0.25-$0.35 range.

Also in the 10Q, ENE describes other items discussed in the conference call of
Nov 14 including $8 billion of "non-core" (principally international and
broadband assets) that are for sale, an ability to issue $2 billion of
additional equity before the Dynegy (DYN, 43.60, Strong Buy) deal closes and a
total debt balance of $16.3 billion ($13.0 "on balance sheet" and $3.3 billion
"off balance sheet").

The "material adverse change (MAC)" clause in the DYN/ENE deal was described as
considered if other ENE liabilities (primarily litigation) exceed $2 billion net
of insurance or reserves. If an additional $1.5 billion in liabilities is
assessed a MAC is deemed to have occurred.

In assessing a 90% probability that the DYN/ENE deal will be completed, we note
that ENE is not a going concern without it, DYN demonstrably benefits by it
(please see report dated Nov 9,'01) and Chevron/Texaco (CVX, 82.91) supports it.
In our view, positive comments by CVX yesterday, and the $1.5 billion cash
infusion to ENE from CVX on Nov 13, add to the support shown for the deal.

We continue to rate DYN Strong Buy because of its earnings and valuation upside
potential in this deal. Our current eps est for DYN of $2.55 for '02 moves to
$3.25 or higher with a completed deal. Our DYN target price of $54 is subject to
upward revision as well. For ENE, our Strong Buy rating expects that the deal
spread, currently about 30% will narrow as progress is made toward a closing.

The author's immediate family owns less than 250 shares of ENE.

Price        Target                     Mkt. Value 52-Week
19 Nov 01    (12 Months)      Div       Yield(%)   ($m) Price Range
9.06($)      25.00($) 0.50    5.4%      6,928.68   84.63 - 8.41
             Annual   Prev.   Abs.      Rel.       EBIDAX   EV/
             EPS($)   EPS     P/E(x)    P/E(%)     ($m) EBIDAX(x)
12/02E       1.60             5.8
12/01E       1.80             5.1
12/00A       1.47             6.3
             Q1       Q2      Q3        Q4
2002E
2001E        0.47     0.45    0.43      0.45
2000A        0.45     0.34    0.34      0.41
ROGIC(12/00A %)       8.1%
Net debt(12/00A $m)   11,965.0
Net debt/Total cap.(12/00A %) 44.4%
Book value/share(12/00A)      13.18
Number of Shares(m)   749.86
1On 11/19/01 the S&P 500 index closed at 1151.06.
2Economic profit trend.

Enron is one of the world's leading electricity, natural gas and communications
companies.

Enron is one of the world's leading electricity, natural gas and communications
companies.

N.B.: CREDIT SUISSE FIRST BOSTON CORPORATION may have, within the last three
years, served as a manager or co-manager of a public offering of securities for
or makes a primary market in issues of any or all of the companies mentioned.

CREDIT SUISSE FIRST BOSTON CORPORATION CREDIT SUISSE FIRST BOSTON CORPORATION

Curt Launer         212/538-4269     curt.launer@csfb.com

CREDIT SUISSE FIRST BOSTON CORPORATION  CREDIT SUISSE FIRST BOSTON CORPORATION

Copyright (c) CREDIT SUISSE FIRST BOSTON, and its subsidiaries and affiliates,
2001. All rights reserved.

CSFB may, to the extent permitted by law, participate or invest in financing
transactions with the issuer(s) of the securities referred to in this report,
perform services for or solicit business from such issuers, and/or have a
position or effect transactions in the securities or options thereon.  In
addition, it may make markets in the securities mentioned in the material
presented in this report.  PLEASE REFER TO TICKER CSFBDISC FOR IMPORTANT LEGAL
DISCLOSURES.

= = ENRON CORP. = = ENE: STRONG BUY
First Call Corporation, a Thomson Financial company.
All rights reserved.  888.558.2500


Yes I have a signed original and will fax you same.  Thanks for the feedback
on the confirm.  Fax # ?

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Looks fine to me.  Dan, I assume you are comfortable with it.

	Karen Denne
	12/06/2000 05:06 PM

		 To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
		 cc:
		 Subject: DRAFT PRESS RELEASE: NEPOOL Names New Chair

fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 12/06/2000
05:06 PM ---------------------------

Eric Thode
12/06/2000 04:36 PM
To: Karen Denne/Corp/Enron@ENRON, Kathryn Corbally/Corp/Enron@ENRON
cc:

Subject: DRAFT PRESS RELEASE: NEPOOL Names New Chair

Attached is a draft press release regarding the New England Power Pool
(NEPOOL).  They want to announce the election of a new chairman of one of
their committee's and he is an ENA employee.  Please review and send any
comments back to me by noon on Thurs., December 7.  Call me if you have any
questions.  Thanks.

Eric


The agreement may be dated August or September.  September is fine with me.

 Thanks

 -----Original Message-----
From: 	"Smalley, Dave" <SmalleyD@prpa.org>@ENRON [mailto:IMCEANOTES-+22Smalley+2C+20Dave+22+20+3CSmalleyD+40prpa+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Tuesday, September 11, 2001 11:24 AM
To:	Perlingiere, Debra
Subject:	RE: GISB

Thanks for sending...one quick question...the contract states August 1, 2001
as date contract is entered into - should this be changed to September?  Let
me know.

David Smalley
Platte River Power Authority
Phone:  970.229.5256
Fax: 	 970.229.5223

 -----Original Message-----
From: 	Perlingiere, Debra [mailto:Debra.Perlingiere@ENRON.com]
Sent:	Monday, September 10, 2001 1:34 PM
To:	Smalley, Dave
Subject:	GISB

 << File: Platte River Power Auth. (GISB).doc >>
Dave, as discussed attached is a revised GISB for your execution.
Please print two originals sign and return same to my attention at the
address listed below.  Should you have any additional questions, please
do not hesitate to give me a call.  Upon final signature, I will forward
an original for your records.

  <<Platte River Power Auth. (GISB).doc>>

Regards,
Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


I think today went well.  All major issues are resolved in my mind except for
confirmation of our ability to indemnify them for increased costs, which I'd
like to get confirmation on tomorrow morning.  If any major issues come up,
please don't hesitate to contact me, - I'll be in tomorrow all day.  Thanks.

To: Soma Ghosh/HOU/ECT@ECT, Clement Abrams/Corp/Enron@ENRON, Tana
Jones/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, wen@blakes.com,
dpef@blakes.com, Brian Kerrigan/HOU/ECT@ECT, Greg Johnston/CAL/ECT@ECT
cc: Sharon Crawford/CAL/ECT@ECT
Subject: Alberta PPA Financing - URGENT

I hate to sound like a jerk (but its the nature of my job, and perhaps my
personality, so I will).  Another day has passed and the Bank has yet to see
paper, and frankly we have yet to see the Bank's paper.  Frankly I am very
concerned about this getting done on time.  I know this can all be put in
place, but I think we need to make a concerted and coordinated effort to make
this our individual priorities between now and Friday.  I will be in a plane
until mid-afternoon tomorrow, but will be reachable after that by cell @
403-819-5528.

In my absence Greg Johnston has kindly agreed to help out.  Greg can be
reached @ 403-974-6745.

I want to set out below the various tasks and responsibilities as I see them,
and the outstanding issues as I understand them.  I think a distribution of
all drafts needs to be circulated by no later than mid-afternoon tomorrow,
with a view to review of drafts Tuesday, revising drafts Wednesday,
finalizing drafts and executing Thursday and funding Friday.

A.  SWAP #1 w/ Swapco (Bow River Trust):

*  Credit worksheet - Bill

*  ISDA Master, etc. - Tana/Sara

*  Transaction terms (gas prepay) - Brian/Soma/RBC

*  Confirm (gas prepay) - Sara

*  Blakes opinion re; ECC - Warren

*  Enron Corp. G'ee - Clement

*  J. Derrick opinion re: Enron Corp. - Clement

*  VE opinion re: Enron Corp. - ? (Clement)

*  Macleod Dixon opinion re: Swapco - Warren to follow-up

B.  SWAP #3 w/ RBC

*  Credit worksheet - Bill

*  ISDA Master, etc. - Tana/Sara

*  Transaction terms (gas swap) - Brian/Soma/RBC

*  Confirm (gas swap) - Sara

*  Transaction terms (interest rate swap) - Brian/Soma/RBC

*  Confirm (interest rate swap) - Sara

*  Blakes opinion re; ECC - Warren

*  Enron Corp. G'ee - Clement

*  J. Derrick opinion re: Enron Corp. - Clement

*  VE opinion re: Enron Corp. - ? (Clement)

*  Macleod Dixon opinion re: RBC - Warren to follow-up

C.  OTHER

*  Fee Letter - Macleod Dixon - Warren to follow-up

*  Indemnification re: Increased Costs - Macleod Dixon - Warren to follow-up

*  Promissory Note from ECPC to ECC - Greg

*  Resolution re: Promissory Note for ECC - Greg

*  Resolution re: Promissory Note for ECPC - Greg

D.  ISSUES

*  Generic cross-default to any ECC swap in ECC portfolio over specified
threshold amount - as discussed, I would consider this as unacceptable but
will defer to commercial.  The scope of the default would be overly broad,
the Bank is relying on Enron Corp. credit and will have a third party debt
x-default to Enron Corp. of US$100MM.  If agreed, this needs to be considered
for both Swap #1 and  #3

*   Cross-default to Enron Corp. Credit Agreement - as discussed, this should
be unnecessary if Credit Agreement reps/wars/covenants are in the Enron Corp.
G'ee, but this could be a solution to providing a short for Enron Corp. G'ee

*  Cross-default to Swapco Credit Agreement with BF Equity for illegality -
as discussed, since ECC is not a party to that transaction and would have no
standing to take any position to prevent acceleration, since ECC would
nonetheless be obligated on Swap #1, the Bank's only issue would be timing of
repayment, the risk is more theoretical than real for the Bank and given that
the loan is part of the Bank's own off-balance sheet structure, this should
not be acceptable.  If agreed, this needs to be considered for both Swap #1
and  #3

*  Syndication - the Bank will be entitled to syndicate up to 50% of the
amount funded under Swap #1 to Canadian Chartered Banks, but not more than
20% of the funded amount to Schedule II Canadian Chartered Banks.  Increased
cost of funding by Schedule II Banks will be accounted for under the interest
rate swap.  The issue will be to define the parameters of our participation
in syndication, to whom we have recourse under Swap #3 (and #1) and to
document the right to syndicate Swap #1 separately from the adjustment to the
interest rate swap.

Finally, we need some answers on my earlier e-mail, including as to wiring of
funds and amount required to be funded.

PK


Diana,

Please put the changes into document 11046 below.

-----Original Message-----
From: Hanlon, Doug - PTS-5 [mailto:dwhanlon@bpa.gov]
Sent: Monday, September 24, 2001 1:49 PM
To: Hall, Steve C. (Legal)
Cc: Wilson, Scott - PT-5
Subject: DRAFT BOOK-OUT DOCS

 <<10123AA1.doc>>  <<11046.doc>> Steve -- Here is a first cut at (1) an
amendment to the James River Agreement, and (2) the Book-Out Agreement.
These are in draft form and have not yet been reviewed internally, except by
Scott.  Please give me a call after you've had a chance to look these over.
Thanks -- Doug (503-230-3562)


---------------------- Forwarded by Lorie Leigh/HOU/ECT on 08/14/2000 04:22
PM ---------------------------

"Roger Rippy" <RIPPR@andrews-kurth.com> on 08/14/2000 04:00:37 PM
To: <Stuart.Zisman@enron.com>
cc: "HAL HALTOM" <HALTH@andrews-kurth.com>, <Lorie.Leigh@enron.com>
Subject: Revised Due Diligence Indices

Stuart,

Attached are a clean and a blackline version of each of the due diligence
indices for the six plants.  As you know, I have recently made several
additions to each of these indices based upon my time in the data room this
past week.  This includes recent documents for the 2000 peakers as well as
other previously unseen documents that came from the boxes that were given to
me by Don Miller.

I understand that Jinsung and Ben Rogers had previously given the prior
drafts to Ben Jacoby and others to review for redacting purposes.  It will be
necessary and useful to give these blacklines to those persons doing that
review to note the recent additions and review these as well.

I also understand from Carolyn Gilley that she will coordinate with Lorie
Leigh regarding the creation of the due diligence files on Live Link.  It
seems relevant that Jinsung and Ben Rogers are also aware of how this process
would work.

My understanding, and I will confirm that this is done, is that Carolyn's
scanning personnel are to be scanning in the additions into Live Link today
per my request.  There is also some filing and re-filing that will need to be
done in the data room and I have alerted Lorie Leigh to this fact via voice
mail on Friday.

I seem to have left Don Miller's, as well as Ben Rogers' and Jinsung's,
e-mail addresses at my home over the weekend.  By copy of this e-mail, I am
asking Lorie to please forward it to Don, Ben, and Jinsung.  She has
confirmed to me via telephone that she will do so.

If you or any of the others involved in this project have any further
question, please do not hesitate to call me.  Thank you.

Best regards,

Roger A. Rippy
Andrews & Kurth L.L.P.
600 Travis Street, Suite 4200
Houston, TX 77002
Direct Phone: (713) 220-4458
Direct Fax: (713) 238-7138
E-mail:  rogerrippy@andrews-kurth.com

Date: Mon, 14 Aug 2000 15:25:43 -0500
From: "MARTHA PETERSON" <PETEM@andrews-kurth.com>
To: "Roger Rippy" <RIPPR@andrews-kurth.com>
Subject: Attached Files
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_9EC63209.ADCCA843"

Blackline and clean of each.

 - WiltonPr.DOC
 - Wiltonbl.DOC
 - NewAlban.DOC
 - NewAlban.DOC
 - Caledoni.DOC
 - Caledoni.DOC
 - Brownsvi.DOC
 - Brownsvi.DOC
 - Wheatlan.DOC
 - Wheatlan.DOC
 - GleasonP.DOC
 - Gleasonb.DOC


Critical Migration Information:

1. Your scheduled Outlook Migration Date is THE EVENING OF : April 26th
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please  select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed  the evening of your migration date.

    Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
migration and could result in up to a 2 week delay to restore this
information.

If you encounter any errors please contact the resolution center @
713-853-1411


Bill,

I am currently working on hypothecation of securities specifically  focusing
on the Mahonia structure. We would also like to realise the benefit of being
able to rehypothecate securities that we receive under other transactions (at
the last count in the region of $60mm).

I am working with Clement to ensure that we can get the Chase Domestic
Custody Agreement executed ASAP, & also working with Sara & Teresa to ensure
that  the Chase ISDA & Mahonia docs reflect our ability to rehypothecate
securities.

Additionally I have been having discussions and assistance from Wendi & Molly:
To get CRM sign-off for Sara & Teresa so they can proceed with amendments to
Chase & Mahonia docs
Sign-off from you regarding what tenors of US Govts will be acceptable as
defined in our standard wording for 'Description of Collateral', when we
amend the docs.
What is anticipated will be required from an operational perspective once the
docs have been amended, to enable us to start posting securities.

 I additionally requested the following info, and am more than happy to
review/assist in reviewing the docs so that we are in a position to realise
the benefits before year end. Wendi has also been very helpful in offering to
provide the info/docs for the following:
Who are the counterparties where we have existing collateral agreements that
permit rehypotheaction of securities? Can we immediately start
rehypothecating these securities once we have signed the Domestic Custody
Agreement with Chase? If not, what do we need to?
Who are the other counterparties posting us securities?
Counterparties identified to whom we can rehypothecate securities
Who are we currently in dialogue with re. assignment of securities, & what
stage of negotiations are we at?

I'm booking in a meeting with you later today to discuss primarily what
approval levels is for US Govts,  & another transaction.

Regards,

Soma

---------------------- Forwarded by Soma Ghosh/HOU/ECT on 11/16/2000 04:58 PM
---------------------------

Soma Ghosh
11/06/2000 05:14 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Clement
Abrams/Corp/Enron@ENRON, Tim Proffitt/HOU/ECT@ECT
Subject: Rehypothecation of securities

Sara,

I have already had a brief discussion with Tana on some of the points below &
would appreciate your feedback and clarification on some specific issues.

We are currently looking at ability of Enron to rehypothecate securities
(principally T-bills) received as collateral.

Clearly the ability to rehypothecate securities that we hold can provide
significant benefits. The free up of funds that are being used to post cash
collateral to counterparties increases our B/S liquidity & reduces the total
cost of borrowing associated with posting cash.

We are reviewing the use rehypothecation of all securities posting for all
counterparties. Clement is in the process of executing a domestic custody
agreement with Chase Manhatten Bank which will facilitate rehypothecation.

More specifically we are looking at the ability to rehypothecate collateral
related to the most recent Mahonia pre-pay structure (very similar to Alberta
pre-pay).
The collateral arrangement within Mahonia provides for back to back transfer
of collateral right through the structure. This results in a net zero cash
position if all parties post cash. However if Enron receives securities (from
Chase) that we cannot reassign (to Mahonia - an SPE), the cash collateral
calls we are seeing are in the region of $600mm (approx. $42mm/yr in interest
expense to Enron).

In the past Chase have interchangeably used securities & cash. They are
currently posting cash, however they intend to post securities going forward
for this specific deal.

The most pressing issues going forward:
Does the existing Chase ISDA permit rehypothecation of securities. We are
looking at this. If it does not, then we will need to negotiate an amendment
to the credit support annex.
Accounting treatment - there are issues around the accounting treatment for
rehypothecation under the Mahonia transaction, principally relating to the
acceptability of the same securities posted by Chase being posted  to Mahonia
SPE (Chase equity in SPE), thus linking all the swaps & potentially bringing
the pre-pay back on B/S.
We need to justify that we can rehypothecate Chase securities posted within
the structure. AA's key point is that linkage occurs as the securities posted
are most likely to be registered to Chase &  these are then posted back to
Mahonia SPE with Chase equity.

Our case to support the use of Chase securities within the Mahonia pre-pay
structure relates to:
T-bills are highly liquid instruments & effectively cash equivalent
Securities posted by banks are typically registered to a street name ie a
brokerage house (ie not registered to Chase), if there is no physical
delivery. We are verifying that this is the case with the securities posted
by Chase.
Market standard contractual terms permit use of these posted securities

Re the last point, I have looked at our the standard ISDA credit support
annexe para. 6 (c) relating to Use of Posted Collateral, section (i). It
appears to say that regardless of a default occurring, the Secured Party
(Enron) has the right to "sell, pledge, rehypothecate, assign, invest, use,
commingle or otherwise dipose of, or otherwise use in its business any Posted
Collateral it holds............." Please confirm that that I have not
misinterpreted this or missed out relevant exclusions
- Cris, this standard ISDA language should further support our case to AA?.

In addition, I would like to clarify ownership & title to securities that are
rehypothecated in the event of default if a) Enron receives securities that
are then rehypothecated & Enron defaults b) the third party receiving
rehypothecated securities defaults

We are aiming to have the Domestic Custody Agreement executed within the next
10 days, & we would like to be in a position to assign securities posted to
us shortly thereafter for the Mahonia deal.

Outside of the Mahonia transaction, there is currently an additional $65mm
approx. in securities being posted to us by our counterparties. Going forward
we will:
Establish who are the counterparties where we have existing collateral
agreements that permit rehypotheaction of securities.
If we are receiving securities from CP where we are not permitted to
rehypothecate, we intend to amend the ISDA.

I would very much appreciate you response on use of posted collateral &
ownership & title to securities in the event of default.

Many thanks,

Soma


I've been working to resolve issues between PNL and curve shift history.  Here is the status.

?	The value-at-risk engine pulls curve shift from the source databases.  Specifically for power, using the DPR application (ad hoc table), curve shift for Jan 10th comes in at $246K, not the $415MM.  Because data isn't stored longer than one week, efforts are centered on restoring required info.
?	IT is "scrubbing" code and source tables to ensure proper curve shift is being used.
o	Coordination between both gas (ERMS) and power (Enpower) teams are critical.  $415MM curve shift day appears to be composed of both gas and power. (Although we are focused on Jan 9, 10th, issue is relevant throughout calendar year term)
?	As of this moment, the current curve shift data validates the VAR engine, yet appears to a have couple of incorrect days.  These incorrect days do not severely impacting VAR backtesting, however they represent a vastly different pnl.

The end game goal is to have curve shift correctly represented in the value-at-risk backtest data.


Daren do you have a problem if I copy the 2000 deal (362125) for Pioneer and
make a new one for 2001.  They have flow in Jan. This is giving me a meter
allocation exception forJan.  Let me know thanks.


Margaret,

Please find attached Texas and Louisiana wellhead prices (daily, monthly and
quarterly). We had data available starting 1983 and the information source is
Natural Gas Intelligence. Information on UK "beach" prices will be available
for the following locations: Teesside, Bacton and St. Fergus. Would you like
to have data on a specific one?

Sincerely,
Elena

Elena Chikina
Enron Research Group

Vince J Kaminski@ECT
08/01/2000 07:52 AM
To: Mike A Roberts/HOU/ECT@ECT
cc: Elena Chilkina/Corp/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Vince Does your group have a Monthly or a Quarterly price
history in nominal terms
for a US onshore Louisiana natural gas price (or a Texas wellhead price ) and
a UK landed beach price for the past 15 years? I am gathering historical data
for Jim O Hara for our Colombia pipeline in South America and these are among
the series of data they are seeking. They would like the data
from a published source in an electronic file if possible.. Their timetable
is by COB Weds this week. Thank you for your help. Margaret

Mike do you agree with me? Please, ask Elena to  check what price info is
available at XMIM.

Vince

Margaret,

The prices going back 15 years are not  too informative (for the first 5
years) , as he industry was still regulated.
We shall try to get  you the US series as soon as possible.

Vince

Margaret Carson@ENRON
07/31/2000 04:12 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Kyran Hanks/LON/ECT@ECT
Subject: Vince Does your group have a Monthly or a Quarterly price history in
nominal terms
for a US onshore Louisiana natural gas price (or a Texas wellhead price ) and
a UK landed beach price for the past 15 years? I am gathering historical data
for Jim O Hara for our Colombia pipeline in South America and these are among
the series of data they are seeking. They would like the data
from a published source in an electronic file if possible.. Their timetable
is by COB Weds this week. Thank you for your help. Margaret


Dick,

Just spoke with Peter Cardellichio at RISI who is the person in charge oh Asia and he told me that their forecast for Japan is based on the European prices. He said that prices in Europe and Japan have been pretty close historically thus he uses European prices as a base and adjusts thoem based on what is happening to Asia.

Hope this helps,
Monika


Tana,

could you please get and NDA going for Cargill.  Information as follows:

Cargill Inc.

15407 McGinty Rd West
Wausata, Mn 55391-2399

This needs to be a two way:

Regarding sharing of information for a possible software sale.

Should you have any questions please don't hesitate to give me a call at
30559.

Thank you.


Mr. Buckner,

 For delivered gas behind San Diego, Enron Energy Services is the appropriate
Enron entity.  I have forwarded your request to Zarin Imam at EES.  Her phone
number is 713-853-7107.

Phillip Allen


Hi guys,

I want to make sure that you are comfortable with whatever services are being
provided by Piper Rudnick, so that there won't be any surprises when the bill
comes in.  Could you give me a brief outline of their scope?

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 08/14/2000 06:31
PM ---------------------------

"Gershon, Mark A. - CHI" <Mark.Gershon@piperrudnick.com> on 08/09/2000
05:48:44 PM
To: "Fred J. Mitro (E-mail)" <fred.mitro@enron.com>, "Rusty Stevens (E-mail)"
<rsteven@enron.com>, "Susan M. Landwehr (E-mail)" <slandweh@ees.enron.com>,
"Kay Mann (E-mail)" <kay.mann@enron.com>, "Jim Murphy (E-mail)"
<jvmurf@mediaone.net>
cc: "Townsend, Christopher J. - CHI" <chris.townsend@piperrudnick.com>,
"Novak, Theodore J. - CHI" <Theodore.Novak@piperrudnick.com>, "Shindler,
Donald A. - CHI" <Donald.Shindler@piperrudnick.com>, "Way, Karen S. - CHI"
<karen.way@piperrudnick.com>

Subject: Livingston County Tour of Lincoln Energy Center

Mason Hall,  Livingston County Coordinator, has confirmed that the County
Agriculture and Zoning Committee, other key County officials and staff would
like to join us for a tour of the Lincoln Energy Center on August 22, 2000.
Current plan is for a bus to pick up participants in Pontiac at 10 a.m. and
to  return by approximately 2:30 to 3:00.  Lunch will be served at the site.
Mason anticipates approximately 15 to 20 participants.  We are also planning
to invite certain Township and City of Pontiac officials and should consider
other potential invitees including neighbors and other politicians.

Mark A. Gershon
Piper Marbury Rudnick & Wolfe
Phone:   (312) 368-2127
Fax:   (312) 630-5338
Mark.Gershon@PiperRudnick.com
____________________________________________________________________________
The e-mail address and domain name of the sender changed on November 1,
1999.  Please update your records.

The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Errol,

Could you refresh my memory on who you sent the Canadian gas deals to for valuation?  Sheila Glover is requesting that we gather the valuations and documentation for those transactions this week.  As RBC owes Enron the settlement amount, we'd like to move quickly on this one.  Thanks very much for your help.  Please call if you have any questions at all.


Tom:
 Would you mind doing a review for me?
Mark


Rick called and asked me to sit in on a meeting on enegy issues that he's
having tomorrow in Houston.  Wants me to bring to the table information on
gas issues, particularly in light of the SoCalGas settlement here in
California.  I'll be leaving at the crack of dawn tomorrow monring and will
be in Houston on Tuesday/Wednesday and back in the office on Thursday.


Dear all,
?
In light of the opening of the energy industry, the  Mexican Bar Association
has been asked by different sectors to create the Energy  Law Committee. I am
pleased to?inform you  that I have been asked to chair such committee.
?
As part of our endevors, we will be involved in the  upcoming reforms to the
energy industry.
?
Very truly yours,
?
Rogelio Lopez-Velarde?
Lopez Velarde,  Heftye, Abogados
Guillermo Gonzalez Camarena No. 1600, Piso 6
Col. Santa  Fe, Centro de Ciudad
01210 Mexico, D.F
Telephone: (52) 5081-14-24
Dir.:  (52) 5081-14-23
Fax: (52) 5081-14-25
e-mail: rlopezv@lvha.com.mx?
www.lopezvelardeheftyeabogados.com
?
The information contained herein may be  confidential and/or privileged.
This information is intended to be reviewed  only by the individual or the
entity to which is addressed.? If the  reader of this e-mail message is not
the intended recipient or a  representative of the intended recipient you are
hereby notified that any  review, dissemination or copying of this e-mail
message or the information  contained herein is prohibited.? If you have
received this e-mail  message in error, please immediately notify the sender
and delete this  communication from your system.
?


Is this to be in replacement of the amendment I previously drafted or in
addition to the volumes on that amendment?

	Janet H Wallis/ENRON@enronXgate
	04/11/2001 11:07 AM

		 To: Patricia Anderson/ENRON@enronXgate
		 cc: Dan J Hyvl/HOU/ECT@ECT
		 Subject: SWAP

Okay, here is the deal
DATE   VOL  SWAP PRICE  ADDER  TOTAL
Jul 01 - Oct 01  525 a day $5.645   $.19  $5.835
Nov 01   875 a day $5.74   $.19  $5.93
Dec 01 - Feb 02  1800 a day $5.81   $.19  $6.00
Mar 02 - June 02 525 a day $ 4.905   $.19  $5.095


-----Original Message-----
From: 	Anderson, John
Sent:	Wednesday, January 23, 2002 3:25 PM
To:	DL-Portland Real Time Shift
Subject:	The "Real" URL for El Paso Scrape

http://172.17.172.22/elpaso/!current.txt


Michael had his transplant Monday, and is doing "as well as can be
expected."  He's still feeling the effects (nausea, etc.) of the chemo he
received last week and is anxious about possible side effects and whether
the transplant will, in fact, work.  He'll be in isolation until his white
blood cells are such that he'll be able to fight off germs, then perhaps in
the hospital in non-isolation for a while, then into an apartment near the
hospital for 3 months or so in order to be able to get back there ASAP
should problems develop.
Set out below is a copy of an article from a web site about bone marrow
transplants that I should have sent out a while ago.
I'll keep you posted on Michael's progress.
Bob

Bone marrow transplant
Description:
Bone marrow is a soft fatty tissue found
inside bones. It produces blood cells (red blood cells, platelets
</conditions/ency/article/003647.htm> , and white blood cells). When the
patient develops disease of the blood cells (anemias
</conditions/ency/article/000560.htm> , leukemias, or lymphomas) or when
cancer  </conditions/ency/article/001289.htm> treatment (chemotherapy
</conditions/ency/article/002324.htm> and radiation therapy
</conditions/ency/article/001918.htm> ) damages or destroys the bone marrow,
a transplant with healthy bone marrow can save the patient's life. Patients
need bone marrow transplants because they have dangerously low white blood
cells (which are needed to fight infection) as a result of cancer treatments
or have cancer of the blood cells.

Bone marrow transplant patients are usually
treated in specialized centers and the patient stays in a special nursing
unit (bone marrow transplant unit: BMT) to limit exposure to infections.

Donated bone marrow must match the patient's
tissue type. It can be taken from the patient, a living relative (usually a
brother or a sister: allogeneic), or from an unrelated donor (found through
the national marrow donor program which lists more than 700,000 potential
donors). Donors are matched through special blood tests called HLA tissue
typing (see HLA antigens  </conditions/ency/article/003550.htm> ).

Bone marrow is taken from the donor in the
operating room while the patient is deep asleep and pain-free (under general
anesthesia). Some of patient's bone marrow is removed from the top of the
hip bone (iliac crest). The bone marrow is filtered, treated, and
transplanted immediately or frozen and stored for later use. Bone marrow
transplant is transfused into the patient through a vein (IV line) and is
naturally transported back into the bone cavities where it grows quickly to
replace the old bone marrow.

What to Expect After:
Bone marrow transplant prolongs the life of
a patient who would otherwise die.  Relatively normal activities can be
resumed as soon as the patient feels well enough and after consulting with
the doctor.

The other significant problems with a bone
marrow transplant are those of all major organ transplants--finding a donor
and the cost of the surgery. The donor is usually a sibling with compatible
tissue. The more siblings the patient has the more chances to find the right
donor.

Convalescence:
The hospitalization period is from 4 to 6
weeks, during which time the patient is isolated and under strict monitoring
because of the increased risk of infection. The patient will require
attentive follow-up care for 2 to 3 months after discharge from the
hospital. It may take 6 months to a year for the immune system to fully
recover from this procedure.

Risks:
The major problem with bone marrow
transplants (allogeneic type) is graft-versus-host disease
</conditions/ency/article/001309.htm> ; the opposite of the graft rejection
</conditions/ency/article/000815.htm> problems seen in other transplants (
transplant rejection  </conditions/ency/article/000815.htm> ). The
transplanted healthy bone marrow cells tend to attack the patient's (host)
cells as though they were foreign organisms. In this case, drugs to suppress
the immune system ( immunosuppression  </conditions/ency/article/000818.htm>
medications) must be taken indefinitely, weakening the body's ability to
fight infections.

Bob Joyce
Kvaerner Process
7909 Parkwood Circle Drive
Houston, TX 77036
(713) 995-2137
(713) 270-3652 -- Fax
bob.joyce@kvaerner.com <mailto:bob.joyce@kvaerner.com>

This electronic message transmission and any attachments contain information
from the Kvaerner Process Legal Department that may be confidential and/or
privileged.  It is intended solely for the addressee(s) above, and use by
any other party is not authorized.  If you are not an intended recipient,
any disclosure, copying, distribution or use of the contents of this
information is prohibited.  If you have received this transmission in error,
please notify the sender immediately by using the "reply" feature or  by
telephone, and then delete this message and any attachments.  Thank you.


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 1st

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


Jim.  I like your suggestions and suggest the following enhancements:
We should integrate this solution into the CPUC process. ie Keep rate freeze
in effect until the Mar 02.  Make state agency take over as ESP to all
bundled customers at 110% of frozen rate.  This solution keeps the current
Rate Freeze in place and keeps us in the game to not lose our negative ctc.
It also corresponds to your minimal changes goal.  It also puts government
agency in the same place as us in having exposure to negative ctc as us.  It
also accomodates the problem of RFP's taking longer than expected.  It also
solves the liquidity problem immediately and avoids the need for
forbearance.  And furthermore it keeps the utility exposed to bankruptcy
which minimizes their negotiating power.
I don't understand how this proposal addreses what happens with the existing
assets of PG&E.  The worry I have is that PG&E gets to keep 50% of the
benefits of nuclear sales and 10% of the benefits of hydro sales, post rate
freeze.  If we damage 1890, the utilities are now in the drivers seat.
re "ESPs should be able to buy from UDCs at the current weighted average
generation rate from 1/1/01 ) 12/31/02 to serve any competitive load in
California"  This suggest a replacement to AB 1890 which suggests significant
changes.  Would it not be better to say "After the rate freeze, the
government entity would take over the obligations of PG&E and continue them
to the end of 2002.  Such assumption and continuation, would be combined with
the government entity recieving the benefits of  the difference between
market prices and embedded costs of the SCE/PG&E existing generation assets.

Summary of Solution that incorporates these suggestions
Government entity becomes an ESP taking over all customers not served by
another ESP.
Government accepts any ESP's that come back within 3 weeks.
Utilities stopped from selling any additional nuclear, hydro, thermal or QF
generation. (requires change in legislation)
Utilities provide surcharge/credit, for the lessor of 40 years or retirement,
based on the difference between generation COS and market value to all ESPs,
after rate freeze ends (requires change in legislation and settlement).
Government entity, as ESP,  charges Frozen Rate plus 10% until the end of
2002.
Government entity, assures all ESP that they will their costs will not exceed
110% of frozen rate until the end of 2002.
Rate freeze and surcharge continue until the end of March 2002.
Any shortfall of agency would be recovered through a amortization over the
next 15 years with securitization less positive proceeds from auctioning
default provider. (requires change in legislation)
Government commit to building 10,000 MW of generation by summer of 2002
Government commit to allowing emmission constrainted generators to buy
emission credits
Goverment change legislation to allow swift DSM activity

From: James D Steffes@ENRON on 01/11/2001 10:42 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Michael Tribolet/Corp/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Roger Yang/SFO/EES@EES, Scott Stoness/HOU/EES@EES,
Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Stephen Swain/PDX/ECT@ECT,
Travis McCullough/HOU/ECT@ECT, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shelia Benke/Corp/Enron@Enron,
Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Don Black/HOU/EES@EES,
Gordon Savage/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT
cc:
Subject: Financial Analysis of PG&E and Proposed Terms for Settlement

Attached please find three documents that outlines the economics of LT
contracting necessary for PG&E and SCE.  Also find some thoughts on elements
of a workable settlement.

Call me with any questions.

Jim

Scott Stoness
01/11/2001 05:09 PM
To: James D Steffes/NA/Enron@ENRON
cc: Don Black/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron
Subject: Re: Treasury (keep PG&E) Solvent Strategy

Great idea.  My strategy was solve the immediate problem of solvency quickly
by getting the government to step in while the rules of the RFP are defined,
then do the auction, but if you think we could go straight to an RFP for
standard offer without going bankrupt, I would be for it.

I believe that we do not have time for an RFP (6 months) so that we should
get the government entity to step in to give us the time.

And auction by rate class would be good but noone would want the large
classes because their rate increase will be higher and they will be less
likely to stay.

Scott

From: James D Steffes@ENRON on 01/11/2001 03:25 PM
To: Scott Stoness/HOU/EES@EES
cc: Don Black/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron
Subject: Re: Treasury (keep PG&E) Solvent Strategy

What about something different?

If we asked for an Auction by rate class that would allow a different company
to market the default service.  The competitive bids would be used to reduce
the overall undercollection.  So in your ST point #1, replace Government
entity with a Competitive ESP that has paid the most to win that right.

Jim

	Scott Stoness@EES
	01/11/2001 02:39 PM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Harry Kingerski/NA/Enron@Enron, Don Black
		 Subject: Treasury (keep PG&E) Solvent Strategy

Solution
Government entity becomes an ESP taking over all customers not served by
another ESP.
Government accepts any ESP's that come back within 3 weeks
Utilities stopped from selling any additional nuclear, hydro, thermal or QF
generation.
Utilities provide surcharge/credit, for the lessor of 40 years or retirement,
based on the difference between generation COS and market value to all ESPs,
after rate freeze ends.
Government entity, as ESP,  charges Frozen Rate plus 10% until the end of
2002.
Government entity, assures all ESP that they will their costs will not exceed
110% of frozen rate until the end of 2002.
Rate freeze and surcharge continue until the end of March 2002.
Any shortfall of agency would be recovered through a amortization over the
next 15 years with securitization less positive proceeds from auctioning
default provider.

Other:
Government commit to building 10,000 MW of generation by summer of 2002
Government commit to allowing emmission constrainted generators to buy
emission credits
Goverment change legislation to allow swift DSM activity


I know some of you may think I've dropped off the face of the earth, but
believe it or not I am still alive.  As usual, I would love to meet you guys
next Thursday and plan on doing so.  However, I do reserve the right to bail
last minute due to work.

Susan

- - By the way, for those how look forward to Susan stories I've got tons....


Dear TI reader,

TigerInvestor.com is now closed. I would like to sincerely thank the writers,
members, and readers for their amazing contributions over the years. The TI
community has bar-none been the best, most thoughtful, sophisticated
community of the investors on the net. I am proud of what we accomplished,
shared, and learned together. I wish you all the very best. God bless on all
your endeavors.?

For assorted reasons, I decided to step down and close the site.? Don,t
worry, I will fulfill the promise of your privacy and keep your email
addresses totally confidential.

If you want to reach me, I would love to hear from you. Email me at
kimtj@aol.com or visit my personal homepage at?http://www.taekim.com, which I
update with my daily thoughts on life. All the best and happy holidays!

-Tae Kim
Founder, Editor-in-Chief.

P.S. Several of TI,s writers have decided to carry on the flame and
contribute to http://www.eglobalinvestor.com, so do take a gander.


Let's get together & discuss early next week.

	Sara Shackleton
	08/18/2000 05:47 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Authorized trader list/electronic notices

Mark:  (1)  Did you consider my voice mail about updating authorized trader
lists and resolutions (by Samantha or Tana)?

(2)  Have you thought about electronic notice provisions?  Shouldn't
default/termination notices be in writing to the appropriate counsel/Corp.
secretary?  And, can we agree to "electronic notices" at all?  There is no
electronic address for a Documentation Desk or Assistant General Counsel.  I
am seeing this type of provision in electronic trading agreements.

Thanks.  Sara


Britt

I would summarise the main facts/status of this matter as follows:

(1)  Enron voyage chartered "SANTA CLARA" from Exmar N.V. by a C/P dated
5.2.91
to carry cargo of 4,200 mt 5% more or less at owner's option of propane, from
Houston to Dunkirk.  Under the Charterparty Enron had the option to load cargo
either fully refrigerated or ambient or chilled.

(2)  On 26th February 1991 the Master advised Enron that the maximum quantity
that the cargo could load at ambient temperature was 3,760 mt having regard to
the vessel's pressure settings and the USCG and IMO Rules and Regulations. The
Master was in fact absolutely correct but Exmar tried to make out that the
vessel could load the full charterparty quantity.

(3)  It is our case that in order to load more than 3,760 mt (the cargo was
loaded at ambient temperature) Exmar refrigerated the cargo as it came on
board
to reduce the volume.  This caused the loading to be excessively slow.  We say
this method of loading was actually illegal.  It was only by loading illegally
in this way that Exmar could load more than 3760 mt at the required pressure
setting.  We also say it was an express term of the charterparty that the
entire
contractual cargo could be loaded within the contractual lay time.   The
vessel
also had to raise the temperature and discharge causing further delays.

(4) There was great commerical pressure on Enron at the time.  The market for
propane was falling rapidly in March 1991 (the end of the Northern European
winter) and Enron had arranged the on sale of a minimum quantity of 3,990 mt
on
CIF terms based on an expected loading of 1st-7th March 1991.  Enron were
extremely concerned that this would lead purchasers Vitol  to repudiate the
sale
contract leading to a very substantial trading loss (Vitol did try to
repudiate
the sale contract due to the loading delays and this developed into a very
major
trading dispute with Vitol which we eventually won in the House of Lords).

(5)  Exmar made out that slow loading was due to low back pressure in his
Enterprise loading lines.  We believe this is wrong but at this distance in
time
it is difficult to get clear evidence.

(6)  In the circumstances, on 7th March 1991to try and speed up loading Enron
agreed that the minimum cargo of 3,760 mt should be loaded and agreed to pay
Exmar deadfreight on the balance in the sum of US$22,714.84.

(7)  Furthermore, because of the slow loading of the vessel the Enterprise
Terminal had to throw "SANTA CLARA" off berth.  This would have caused a very
substantial delay and might have justified Vitol in throwing  over the sales
contract.  In the circumstances Enron negotiated an agreement with another
vessel ("DONAU") to permit "SANTA CLARA" to be loaded ahead of "DONAU".  The
sum
paid to "DONAU" amounted to US$153,472.15.    We believe the "DONAU" was also
operated by Exmar.

(8) Accordingly, Enron deny liability for demurrage for the extended loading
which Exmar have claimed in the sum of US$165,652.78 and Enron have
counterclaimed a total of US$176,186.99 (i.e. the deadfreight and "DONAU"
payments).

Exmar are represented by London Solicitors, Lawrence Graham where the matter
is
being handled by Mike Lax and his assistant Stuart Dench.

Lawrence Graham have always sought to charactercise this claim as a
straightforward demurrage dispute and suggest that we have invented the
technical arguments after the event.  However, we consider there is merit in
our
case and that if the arbitrators properly understand the expert evidence we
have
reasonable prospects of successfully defending the demurrage claim and
establishing the counterclaim.  There is of course however an inevitable
litigation risk in pursuing the matter to an arbitration and we have, to some
extent, been inconvenienced by the loss of our original expert, Mr Ivor
Jorstad,
who sadly passed away earlier this year.   Also some costs will be
irrecoverable
(if we win approximately two thirds of our costs should be recoverable).

If you have any further queries, please do not hesitate to ring me and I would
of course be pleased to speak to Wayne Perry when he is in London if he needs
any further information to assist in negotiations.

Best Regards.

Andrew Bicknell

__________________________

This e-mail and any attachments are confidential and may also be privileged.
If
you are not the named recipient, please notify the sender immediately and do
not
disclose  the contents to any other person, use it for any purpose, or store
or
copy the information.

In the event of any technical difficulty with this e-mail, please contact the
sender or the London IT department on +44 (0) 20 7623 1244.

Clyde & Co.
51 Eastcheap, London, EC3M 1JP
Tel: +44 (020) 7623 1244, Fax: +44 (020) 7623 5427

Clyde & Co. Guildford
Beaufort House, Chertsey Street, Guildford GU1 4HA
Tel: +44 1483 555 555, Fax: +44 1483 567 330

E-Mail: postmaster@clyde.co.uk, Internet: http://www.clydeco.com


Jeffrey K. Skilling
President & Chief Operating Officer
Enron Corp.
713/853-6894
jeff.skilling@enron.com

Angela Wilson@EES
06/28/2000 05:19 PM
To: Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko/Enron
Communications@Enron Communications, Karen S Owens@ees@EES, Thomas E
White/HOU/EES@EES, Cliff Baxter/HOU/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Ken Rice/Enron Communications@Enron
Communications
cc:

Subject: Updating database

From:  Joe Allen

Joe Allen is updating his executive database and would like the following
information:

Title
Company name
Phone number
External email address

Thank you


i think they are all bark and no bite.  i think they could get their asses kicked by cats.  they look like they were doberman pinchers who were shrunk.  you should get a cockerspaniel.

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON [mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, October 02, 2001 3:25 PM
To:	Lenhart, Matthew
Subject:	RE:

no, i am not kidding and no i don't want it b/c of the taco bell dog.  i
want it b/c it is really small and cute.  i knew someone in college who had
one and i loved it.  why do you think they are mean?

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, October 02, 2001 3:20 PM
To: erichardson@sarofim.com
Subject: RE:

are you kidding?  why would you want a chihuahua?  those dogs aren't even
friendly.  do you think they are cool b/c of the taco bell dog?

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
NRON@ENRON.com]

   Sent:   Tuesday, October 02, 2001 2:29 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   what's a furry dog?  i have to get a small dog b/c my apt. is small.  i
   want
   a chihuahua.   they aren't furry and they have personality.

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Tuesday, October 02, 2001 2:23 PM
   To: erichardson@sarofim.com
   Subject: RE:

   it depends what type you get.  if you get one of those little furry dogs
   that you can carry with you everywhere, then i can't like that dog.  if
   you
   get one with personality like a bulldog it can stay at my place.  those
   little furry dogs act like cats.

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
   NRON@ENRON.com]

      Sent:   Tuesday, October 02, 2001 2:13 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      no!  you are so mean.  why would you ever want to kick a precious
   little
      puppy?

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Tuesday, October 02, 2001 2:12 PM
      To: erichardson@sarofim.com
      Subject: RE:

      only if i have a bad day.  if i have a bad day will you let me come
   over
      and kick it?

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
      NRON@ENRON.com]

         Sent:   Tuesday, October 02, 2001 2:06 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         i don't know, i can't decide if i should get one or not.   my mom
      called
         some places for me today but she didn't find much.  are you going
   to
      be
         mean
         to it?

         -----Original Message-----
         From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
         Sent: Tuesday, October 02, 2001 2:04 PM
         To: erichardson@sarofim.com
         Subject:

         when are you getting your dog dog?

   **********************************************************************
         This e-mail is the property of Enron Corp. and/or its relevant
      affiliate
         and
         may contain confidential and privileged material for the sole use
   of
      the
         intended recipient (s). Any review, use, distribution or
   disclosure
      by
         others is strictly prohibited. If you are not the intended
   recipient
      (or
         authorized to receive for the recipient), please contact the
   sender
      or
         reply
         to Enron Corp. at enron.messaging.administration@enron.com and
   delete
         all
         copies of the message. This e-mail (and any attachments hereto)
   are
      not
         intended to be an offer (or an acceptance) and do not create or
      evidence
         a
         binding and enforceable contract between Enron Corp. (or any of
   its
         affiliates) and the intended recipient or any other party, and may
      not
         be
         relied on by anyone as the basis of a contract by estoppel or
      otherwise.
         Thank you.

   **********************************************************************


I left you a voice mail regarding this request.

From: Tana Jones on 10/11/2000 11:33 AM
To: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Tom Moran/HOU/ECT@ECT
Subject: RUSH APPR0VAL-Salomon Smith Barney AAA Energy Fund

John Arnold wants this counterparty opened ASAP for financial.  We didn't
have any financial statements from them when they originally came thru, so we
couldn't determine their ESP status, but we're OK now, so if you could open
them for financial ASAP.

Thanks.


I agree.  There have been way too many surprises from this group lately.


Cathy

Tried calling you earlier today but looks like there is something wrong with your phone (x34049).  Unfortunately I will not be able to make it tomorrow , but my colleague Doug Smith (3-9310) who runs our Ercot trading group has agreed to take my spot.

I told him this was for 2 hours. Can you give me a call and let him know the details. I did give Doug my folder.

Thanks

Harry


TODAY'S HEADLINES
The New York Times on the Web
Tuesday, November 20, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

/-------------------Also From NYTimes.com------------------\

Holiday Shopping

Take advantage of special offers and discounts -- on gifts,
travel and luxury items from NYTimes.com's premium
advertisers -- with the Holiday Shopping E-Mail.

http://www.nytimes.com/services/email/email.html#holiday
\---------------------------------------------------------/

QUOTE OF THE DAY
=========================
"We will do all we can to help the process along. We will
push and prod. We will present ideas."
-COLIN L. POWELL, secretary of state, on joining the Middle East peace
process.

http://www.nytimes.com/2001/11/20/international/middleeast/20DIPL.html?todaysheadlines

NATIONAL
=========================
4 Commanders Seek Staff Role for the F.B.I.

The military's major regional commanders have asked that
F.B.I. and Treasury Department agents be assigned to their
staffs to improve coordination.
http://www.nytimes.com/2001/11/20/national/20COMM.html?todaysheadlines

-----

Holiday Travel Volume Looks Steady, but Americans Are
Staying Close to the Ground

Evidence suggests that Americans are scrambling in almost
the same numbers   at least on the ground  as last year.
http://www.nytimes.com/2001/11/20/national/20TRAV.html?todaysheadlines

-----

Muslim Group Seeks to Meet Billy Graham's Son

A Muslim advocacy organization sent a letter to the Rev.
Franklin Graham, to discuss remarks that Mr. Graham made
describing Islam as evil.
http://www.nytimes.com/2001/11/20/national/20GRAH.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

/--------------------- ADVERTISEMENT ---------------------\
Download tools covering 16 platforms at no charge today!

IBM DeveloperToolbox is the most comprehensive resource for
developers using IBM e-business technologies like WebSphere,
MQSeries, DB2, and VisualAge for Java. Get trial copies of
these products today and benefit from the 1,000 leading edge
development tools, products and technical info available.

http://ads.nyt.com/th.ad/th-ibmd/ibm11.19.html/?_RM_REDIR_=http://www.developer.ibm.com/devcon/titlepg.htm
\---------------------------------------------------------/

INTERNATIONAL
=========================
Alliance in Kabul Will Share Power, U.S. Envoy Reports

The Northern Alliance is said to have agreed to surrender
power in the Afghan capital to a transitional government
that will be broad-based and multiethnic.
http://www.nytimes.com/2001/11/20/international/asia/20ALLI.html?todaysheadlines

-----

U.S. Tells Afghans of Rewards for bin Laden

The United States broadcast a new radio message announcing a
$25 million cash reward for information leading to Osama
bin Laden's location or capture.
http://www.nytimes.com/2001/11/20/international/20MILI.html?todaysheadlines

-----

Indictment by Spanish Judge Portrays a Secret Terror Cell

A long indictment illuminates the workings of what a Spanish
judge charged was a terror cell whose members may have
helped to prepare the Sept. 11 attacks.
http://www.nytimes.com/2001/11/20/international/europe/20SPAI.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Preserving Hubs Is the Method Behind the Madness

A study shows that while passenger capacity at big airports
has decreased by as much as a third, the biggest carriers'
dominance at many of those airports has increased.
http://www.nytimes.com/2001/11/20/business/20AIR.html?todaysheadlines

-----

Wall Street Sees Possibility of a New Suitor for Conoco

The stock markets were abuzz Monday with speculation that a
suitor other than Phillips Petroleum might emerge to woo
Conoco, the fourth-largest oil company in the United
States.
http://www.nytimes.com/2001/11/20/business/20OIL.html?todaysheadlines

-----

A Rebound in Search of a Reason

Stocks are strutting their stuff again, up 20 percent or
more from their September lows. By conventional measures
then, the bull market is back. But does it have stamina?.
http://www.nytimes.com/2001/11/20/business/20PLAC.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
StarMedia Will Restate Its Financial Results

StarMedia Network said that an internal investigation
uncovered about $10 million of revenue improperly reported
by subsidiaries in Mexico.
http://www.nytimes.com/2001/11/20/technology/20NET.html?todaysheadlines

-----

British Wireless Operation Strikes Out on Its Own

While courting investors before the spinoff of mmO2, British
Telecommunications' wireless unit, Peter Erskine, the chief
executive of the business,   spoke frankly about the
company's problems.
http://www.nytimes.com/2001/11/20/business/worldbusiness/20PHON.html?todaysheadlines

-----

Government Reviving Ties to Scientists

A new sense of urgency about terrorism has prompted the Bush
administration to try to repair federal relations with the
nation's scientific elite.
http://www.nytimes.com/2001/11/20/science/20ADVI.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Powell Pledges New U.S. Role in Middle East

After 10 months of hesitation, the secretary of state said
that he would send high-level envoys immediately to the
Middle East to try to restart peace talks.
http://www.nytimes.com/2001/11/20/international/middleeast/20DIPL.html?todaysheadlines

-----

Investigators Liken Anthrax in Leahy Letter to That Sent to
Daschle

Scientists for the F.B.I. said a sample taken late last week
showed the presence of 23,000 anthrax spores.
http://www.nytimes.com/2001/11/20/politics/20INQU.html?todaysheadlines

-----

Bush Offers Public Defense of Military Tribunals Order

President Bush said he needed the option "should we ever
bring one of these Al Qaeda members in alive."
http://www.nytimes.com/2001/11/20/politics/20BUSH.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Moss Breaks Out in Viking Win

Minnesota repeatedly caught the Giants in chancy   blitzes,
and Randy Moss caught three touchdown passes in the
Vikings' win on Monday night.
http://www.nytimes.com/2001/11/20/sports/football/20GIAN.html?todaysheadlines

-----

Budgets Will Stretch for Giambi and

                        Bonds

With the exception of Jason Giambi and Barry Bonds, the 2001
free agents, who can begin signing contracts on Tuesday,
will find a cool financial climate.
http://www.nytimes.com/2001/11/20/sports/baseball/20BASE.html?todaysheadlines

-----

Grbac and Ravens' Offense Floundering

Ten games into their title defense, the Ravens are 6-4 and
their offense is languishing under the leadership of
quarterback Elvis Grbac.
http://www.nytimes.com/2001/11/20/sports/football/20GEOR.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Chief Witness Accuses Former Boss at Sotheby's

The central witness in the trial of A. Alfred Taubman of
Sotheby's testified that Mr. Taubman drafted her for a
conspiracy with Christie's.
http://www.nytimes.com/2001/11/20/arts/20SOTH.html?todaysheadlines

-----

The Guggenheim's Scaled-Back Ambition

A museum director's risk-taking approach gets a new look in
hard times.
http://www.nytimes.com/2001/11/20/arts/design/20GUGG.html?todaysheadlines

-----

Balanchine's All-American Dedication

New York City and the nation are awash in patriotic
sentiment. George Balanchine would probably have been one
of the most fervent of flag-wavers.
http://www.nytimes.com/2001/11/20/arts/dance/20GEOR.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Inquiry Focus: Pilot Training in Emergencies

Investigators are scrutinizing training that involves
unusual emphasis on using the rudder to regain control of
an airplane.
http://www.nytimes.com/2001/11/20/nyregion/20CRAS.html?todaysheadlines

-----

Manhattan's U.S. Attorney Built Legacy of Fighting Terror

Mary Jo White's legacy will inescapably be bound up in the
aggressive pursuit of high-profile terrorism cases.
http://www.nytimes.com/2001/11/20/nyregion/20TENU.html?todaysheadlines

-----

Nassau Health System Woes Haunt Shaky County

Nassau County split off its public health care system in
1999 to aid both the county and the health system, but now
they are both suffering.
http://www.nytimes.com/2001/11/20/nyregion/20NASS.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Today's News Quiz
By THOMAS L. FRIEDMAN
Where Islam is imbedded in a   pluralistic, democratic
society, like in India, it thrives like any other religion.
http://www.nytimes.com/2001/11/20/opinion/20FRIE.html?todaysheadlines

-----

Islam Is Part of the West, Too
By WOLFGANG PETRITSCH
When we step beyond the us-and-them paradigm, we might
remember that Islam is  part of the European tradition.
http://www.nytimes.com/2001/11/20/opinion/20PETR.html?todaysheadlines

-----

A Better Chance for Free Trade
By MICHAEL M. WEINSTEIN
The agreement reached last week in Qatar is good for rich
countries, perhaps even better for poor countries and
surprisingly protective of the environment.
http://www.nytimes.com/2001/11/20/opinion/20WEIN.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

HOW TO CHANGE YOUR SUBSCRIPTION
------------------------------------------------------------
You received these headlines because you requested The New
York Times Direct e-mail service. To cancel delivery,
change delivery options, change your e-mail address or sign
up for other newsletters, see http://www.nytimes.com/email.
Check or uncheck the headlines you would like to receive
and remember to go to the bottom of the page and click on
"Save Selections." To change your e-mail address, go to our
help center: http://www.nytimes.com/help.  Suggestions and
feedback are welcome at feedback@nytimes.com.

Please include the following ID number when writing to
feedback@nytimes.com so that we can track any reports of problems:
353648

HOW TO ADVERTISE
------------------------------------------------------------
For information on advertising in e-mail newsletters or
other creative advertising opportunities with The New York
Times on the Web, please contact Alyson Racer at
alyson@nytimes.com or visit our online media kit at
http://www.nytimes.com/adinfo


ETS is developing a web-based Emergency Response Information (ERI) system to provide access to employee contact information including work phone, home phone, cell phone, fax number and pager numbers. To facilitate and manage the collection of personal contact data, a new field has been added to eHRonline. Beginning Monday, October 1, all ETS employees will be prompted to either ACCEPT or DECLINE publication of personal data (i.e., home phone number) when first entering the eHRonline system. All ETS employees should access the eHRonline system at their first opportunity to respond to this new request.

While certain positions within ETS mandate disclosure of personal contact data (i.e., home phone number) for emergency response purposes, in other cases disclosure of this information is at the discretion of the employees. If you are an ETS Operations employee and do not want your home phone number published, please contact your Director prior to electing not to publish your personal contact information.

To access eHRonline, go to the ETS HRWeb link: https://ehronline.enron.com/ and select eHRonline. Employees must enter their SAP Personnel Number and Password to enter the system.  If you do not know your SAP Personnel Number or Password, please contact the Integrated Solutions Center at (713)-345-4727.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/27/2000
04:44 PM ---------------------------

Matthew Lenhart
01/24/2000 06:22 AM
To: Phillip K Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT
cc:
Subject: dopewars

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 01/24/2000
08:21 AM ---------------------------

"mlenhart" <mlenhart@mail.ev1.net> on 01/23/2000 06:34:13 PM
Please respond to mlenhart@mail.ev1.net
To: Matthew Lenhart/HOU/ECT@ECT, mmitchm@msn.com
cc:

Subject: dopewars

 - DOPEWARS.exe


Diana,
I would like to get together regarding the NYISO P&L download... there are few problem that I am encountering when running the download.  Let me know when you have a some time.

Paul
3-0403


Leslie -

Can you coordinate with Jay Dudley at 503-464-8860 on how to change the filing (if at all) on PGE's pipeline issue?  PGE is willing to modify the filing to try and take out the language on Native Load.  They are suggesting that maybe they should sign a contract for the full amount of the capacity (about 170,000 mmcf/d) rather than assume its right.

The goal should be to have a final decision on next steps before next Friday, Aug 17.

Please call me with any questions.

Thanks,

Jim


---------------------- Forwarded by Zimin Lu/HOU/ECT on 03/31/2000 01:43 PM
---------------------------

Anjam Ahmad
03/21/2000 04:10 PM
To: Martina Angelova/LON/ECT@ECT, Trena McFarland/LON/ECT@ECT
cc: Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: PPI Index Short-Term Models

Hi Martina & Trena,

I made a few minor changes to the models...  I reckon these models can be
checked in Houston now - the raw data is included (see attached spreadsheets)
and all the regression parameters and main statistics are displayed.  I
became interested in how far DZCV and PLLU should be below RPI and whether
this model is reflecting any reversion to the RPI level; I believe that the
forecasts are accurately reflecting this.  Please see graphs below:

Both models really need our RPI curve to be linked (at the moment I have just
copied the 2.3% number forward).  Because the auto-regressive error term is
not very important, we can run the models forward with reasonable
confidence.  As I mentioned, I don't think we can really run this model more
than 12 months, in fact, I think we should run for 9-12 months and blend the
next 3-4 months out with the long-term model.

Hope I can fix the long-term ones now with some new insight!

Regards,

Anjam
x35383

PLLU:    DZCV:


I didn't buy it yet.   But I going to take a serious look at it.

"Jerry W Germany" <germanj@notes.basf-corp.com> on 08/22/2000 12:53:21 PM
To: Chris Germany <Chris.Germany@enron.com>
cc:
Subject: Re: Yo

Did you buy it?   Remember, I'll look after you buy.   Computer on my Jeep
died,
after market security knocks the cotton pickers out.  New computer cost
$535.00,
I found a used one for $250   MMMM, four down Nissan pickup beginning to look
good.

Chris Germany <Chris.Germany@enron.com> on 08/22/2000 07:54:44 AM
To:   Jerry W Germany
cc:
Subject:  Yo

1995 Yamaha Virago 1100 with about 5500 miles .  Inspection sticker has
expired,
no windshield ----     $4,000.00 bucks.


This e-mail address has been registered with OpinionJournal  for the following features:
Today's Featured Article access
Best of the Web Today via e-mail
On the Editorial Page via e-mail
To update your registration options, click the following link or paste the string into the address bar of your web browser: http://www.opinionjournal.com/forms/email_acct.html .


That was a side negotiation between Barry and Bob Barron at PG&E. It has
nothing to do with the collateral requirement.

Bill

 -----Original Message-----
From:  Miller, Stephanie
Sent: Thursday, April 19, 2001 2:15 PM
To: Bradford, William S.
Cc: Nemec, Gerald
Subject: PG&E Baja Capacity

Mike Grigsby recalled that the capacity on the LDC (PG&E Baja path  was also
included in this process. Do you know why it fell out of the proposed
arrangement?


Dear John:
I hope that you have survived the flood and things are OK.
I am sending you my resume along with this email.
I hope to hear from you really soon. Please call me if you have any
questions.
Thank you very much for your time. My best to Angelica.
Yours, ameer.
 - My Resume latest 1422.doc


Good job, Jane and team.  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 06/02/2001
09:14 ---------------------------

Neil McGregor@ENRON_DEVELOPMENT
06/02/2001 08:50
To: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajesh
Sivaraman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Steven J
Kean/NA/Enron@Enron, Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Akshay
Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: MSEB tariffs. The final Cost-of-Service model for 1999-2000

This is brilliant Jane and team. I would like to build a database in DPC to
keep this rate filing type info in. Can you in the meantime put in other
columns of info such as number of consumers and the amount of billing for
each group. This would give us another angle. Jane lets discuss with IT the
set up of a database to house this and other info. Can you arrange with
Sevina and Raghulan.
Neil

Jane Wilson
02/06/2001 01:32 PM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajesh
Sivaraman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Steven J
Kean/NA/Enron@Enron
cc: Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Akshay
Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: MSEB tariffs. The final Cost-of-Service model for 1999-2000

An additional complementary tariff study was developed by Amr Ibrahim and
B.A.N. Sharma with assistance from Akshay Singh regarding the MSEB tariffs --
a traditional cost of service study.  This study is for 1999-2000 and
allocates MSEB's revenue requirements to the various customer classes based
on their cost of service.  In this case, you can see the difference between
the allocated average cost and the actual average realisations from the
tariffs as they are today, which gives you an idea of the basic tariff
rationalisation that must occur to remove the unreasonable cross subsidies.
(Note: because of the paucity of data from MSEB, the team used the same load
factor assumptions used in the Andhra Pradesh cost of service study.)


Earlier today DPC notified the government of Maharashtra that they were
initiating arbitration over the GoM's failure to live up to it's state
support agreements.  There have not yet been any media inquiries, but expect
the issue to be covered tomorrow.  Attached for your information is the
statement we will use to respond.

John


vishal resigned today


TD - In discussions
CIBC - Awaiting their response
RBC - In discussions
Bank of NS - In discussions
Chase - In discussions
Goldman Sachs - In discussions
Bank of America - Contacted
HSBC - Contacted
Deutsche - Contacted

Dave


NOTE:  The e-mail transmitting the Twenty-third Revised List of Potential
Marketing Affiliates
 should be revised to change the name "Acadian Management LLC" to "Acadian
 Exploration LLC".  (The list attached to that e-mail reflects the correct
name.)


We have received several inquiries on the email link embedded in the
communication distributed on December 27, 2000 by Steve Kean and Cindy Olson
in reference to the PRC process.  If you have experienced problems when
clicking on this link, copy and paste the link into an email message.  We
apologize for any convenience this may have caused.  Please contact your
local IT Help desk, should you continue to have problems.
The email address to submit your ideas and suggestions is perfmgmt@enron.com


Dear Derivatives Week subscriber:

Catch the latest breaking news in this week's issue by clicking
here: http://www.derivativesweek.com

Top stories this week:
__________________________________________________
BANKS IN VIETNAM REPORTEDLY OFFER SHADY PRODUCT
International banks are believed to be offering to insurance companies
products that sit in a grey area of the law. Find out what's going on in
this week's issue.

INDIAN BANK SWAN DIVES INTO SWAPS
Which bank is planning its first swap in India? Our readers know.

U.S. REINSURER MARKETS DERIVATIVES ALTERNATIVE
Find out which reinsurance company is offering an insurance
alternative to derivatives in this week's issue.
__________________________________________________

As a DW subscriber, you are eligible for complimentary access to the
Subscribers Only area of the <www.derivativesweek.com> site, which
contains the current issue and a searchable archive of all past issues.
Use your User ID and Password to access the entire site. If you don't
have these yet, hit 'REPLY' to this email, fill out the proper information
below, and send it back to me. I'll get you set up right away!

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

Newsletter Title:
My name is:
My company is:
My city location is:

I choose my new user name to be:
I choose my new password to be:

===============================
?
If you'd prefer, call our Customer Service Department at 212-224-3800
and give them the information above.

>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<
YOUR USER NAME AND PASSWORD ARE FOR YOUR PERSONAL
USE ONLY.? THEY MAY NOT BE SHARED WITH ANYONE AND
NO ONE ELSE SHOULD ACCESS THE SITE WITH YOUR USER NAME
AND PASSWORD.
>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<

If you have questions, comments or suggestions, please do not hesitate
to call me at 1-212-224-3034.

Thanks and enjoy this week's issue.

Jim Beecher
Publisher

NOTE: You will receive weekly updates of the hottest stories in
Derivatives Week. These are not random mass mailings but
rather one-time messages for your personal attention. If you do
not wish to continue to receive these notices, please click 'reply',
type 'remove' and enter your name and company. You will then
be removed from our email database.


When would you like to get together to go through the comments to the specs?


Today was a very difficult day for us as market uncertainty continued.  Recent news reports, including The Wall Street Journal article today, have speculated about possible mergers, takeovers and equity investors as options that Enron is considering.  The reason you have not seen us responding to these reports is that it is our corporate policy not to comment on market speculation.  However, I will tell you that we are evaluating all options to protect the financial stability of this company.  I will keep you updated on developments as they occur.


I'm going to take today as a vacation day, since what I need to do today I can handle from home.

I'll be in tomorrow.

Thanks,

Kay


FYI
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/12/2000
02:18 PM ---------------------------

Steve Hotte
12/12/2000 02:09 PM
To: Bill Cordes/NPNG/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON, Steve
Hotte/Corp/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Phil
Lowry/OTS/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Rockford
Meyer/FGT/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Gary P
Smith/OTS/Enron@ENRON, Julia White/ET&S/Enron@ENRON, James
Prentice/GPGFIN/Enron@ENRON
cc: Caroline Barnes/FGT/Enron@ENRON, Gary Kenagy/OTS/Enron@ENRON, Tony
Mayer/ET&S/Enron@ENRON, Bob Martinez/ET&S/Enron, Nick Rahn/GCO/Enron@Enron,
Joanne Bisbee/ET&S/Enron@ENRON, Lisa Sawyer/ET&S/Enron@ENRON, Michael
Sullivan/Corp/Enron@ENRON, Mark Ferguson/ET&S/Enron@ENRON, Mark
Gigliotti/ET&S/Enron, Chris A Smith/OTS/Enron@Enron, Kelly Strader/ET&S/Enron

Subject: E-Mail and Voicemail Retention Policy

The following change in policy to e-mail and voicemail has just come to our
attention.  This change in policy limits our exposure.  This type of exposure
was discussed at this years management conference in San Antonio, listing
examples with Microsoft.  The largest impact of this change is your "sent
mail" retention being reduced to 30 days from the current 365 days.  You will
note that if you move your sent mail to a folder it will be retained for an
entire year which should minimize this impact.  The rationale for the
continued longevity in folders is that if you physically move mail to a
folder you are making a conscious decision to keep that document.

If you have not dealt with folders please give me a call and I can assist you
on their creation and on moving the documents into them.  Unless I hear a
concern, this new policy will be implemented on Friday, December 15th.  Our
help desk will be sending a message to the entire team tomorrow to notify
them of this action.

----- Forwarded by Mark E Haedicke/HOU/ECT on 11/08/2000 01:52 PM -----

	Mark Frevert@ENRON
	Sent by: Enron Announcements@ENRON
	11/07/2000 09:44 PM

		 To: ENA Employees
		 cc:
		 Subject: E-Mail and Voicemail Retention Policy

As a reminder, ENA,s policy regarding retention of electronic mail, including
Lotus Notes mail, Internet e-mail, cc:mail and voicemail is as follows:

Message Location    Maximum Retention

Inbox       30 Days
Message Log/Sent Mail   30 Days
Trash       Rollover from Inbox for 15 days
Bulletin Boards     30 Days
Folders/Archives    E-mails placed in Folders or Archives ) one year
Voicemail     90 days

E-mail and voicemail older than the maximum retention will be purged
automatically by IT, which is responsible for monitoring compliance with this
policy.  Any exception to this policy requires approval by Mark Haedicke or
Richard Sanders.

Mark Frevert and Mark Haedicke


Hi Stephanie,

My name is Jon McKay and I used to trade in Canada for Enron.  Could I please get access to all of the Canadian markets as I still have opportunities to trade certain locations from down here.  My login ID is ADM95363, or I can be found under JMcKay1.

Thanks for you help

Jon


I'm saving this message, by the way.  Your characterization of Omaha may be
worth money someday.

Jeffery Fawcett
06/28/2000 04:33 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Capacity Options on TW

You know how much I loathe these meetings with the Hee-Haw gang.  This
telecon/videocon will likely degrade into a raucous Omaha-led circle jerk
with everyone else, mostly the Houston group, trying to get a word in
edgewise.  Is there any way to make this more fruitful?

If we do this, and you want to include me, you'll have to put it together
before close of business Friday as I'm out all next week for surgery.

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 06/28/2000
04:26 PM ---------------------------

	From:  Drew Fossum                           06/28/2000 03:41 PM

To: Susan Scott/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com

Subject: Re: Capacity Options on TW

Given the overwhelming response so far, I think a meeting may be necessary to
get this project moving.  Thanks. DF

	From:  Susan Scott                           06/28/2000 11:41 AM

To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Drew Fossum@ENRON,
Mary Kay Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com
cc:

Subject: Capacity Options on TW

So far I have not received comments from anyone on the attached.
If you think it would be productive to get everyone together (possibly as
early as Friday?) for about an hour to discuss capacity options, I will set
up a meeting.   Please let me know one way or the other.
Thank you.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 06/28/2000
11:39 AM ---------------------------

	From:  Susan Scott                           06/21/2000 12:41 PM

To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Drew Fossum@ENRON,
Mary Kay Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com
cc:

Subject: Capacity Options on TW

Attached is a preliminary draft of a filing for capacity options on
Transwestern.  The attachments include a filing letter, proposed tariff
language and a proposed form agreement.

Obviously there are still quite a few details to be worked out.  I am
distributing a draft at this early stage in hopes of initiating a dialogue
about the larger issues first.  A few that come to mind are whether we want
to commit to selling options online, how best to explain or justify the
option fee, and what specifically in the industry has changed such that FERC
should depart from existing policy and allow TW to essentially reserve future
capacity for shippers.  Please let me know your thoughts on these and any
other issues.

I would prefer to wait to discuss comments on wording, other conforming
changes to the tariff, and other comments concerning form until after we have
resolved the substantive issues.  Thanks.


Salomon makes a negative call on chips; ENTU (Entrust Technologies) CA*
(Computer Associates) and BMCS* (BMC Software) miss big and oh yes lets not
forget the post-holiday reverberations of ORCL's (Oracle) # 2 man stepping
down - it wasn't pretty in tech. Is it any wonder the Nasdaq was never in
the green and closed down over 125? In listed-land it was Saudi Arabia
threatening to sink oil prices vs. some buoyancy in the financials and drugs
- and the bears won with the Dow Industrials closing down 77. In tech - ENTU
down over 50%, ORCL down almost 9%, AMAT (Applied Materials) AMD (Advanced
Micro Devices) NSM (National Semiconductor) down 10% or more, VTSS (Vitesse
Semiconductor) MU (Micron Technologies) TXN (Texas Instruments) down over
6%, LU* (Lucent Technologies) CSCO (Cisco Systems) SUNW (Sun Microsystems)
GE (General Electric) YHOO (Yahoo) all down over 4%, RHAT (Red Hat Inc) down
7% - a couple of bright spots (but only a couple) AOL (America Online) up
over 2 1/2% and T (AT&T) up over 3%. The oils and the drillers were a drag -
BPA (BP Amoco PLC) and APA (Apache Corp) down 7%, TX (Texaco Inc) CHV
(Chevron Corp) and SLB (Schlumberger Inc) down over 4%, XOM (Exxon Mobile)
down 3%, BHI (Baker Hughes Inc.) down 6% meanwhile IMNX (Immunex Corp) BGEN
(Biogen) LLY (Ely Lilly) all up 4%, AMG (Affliated Mangers Group) up 7%, BMY
(Bristol Myers Squibb) up 2% and the financials - WFC (Wells Fargo) GS
(Goldman Sachs Group) C (Citigroup) all up 1%, MER (Merrill Lynch) MWD (MS
Dean Witter) ONE (Bank One Corp) ALL (Allstate Corp) all up 2%.... In the
CEUT Universe the stories of the day were BMCS* and CA* - both down 40%
after negative pre-announcements - CA* announced first and Paul Rodriguez
attributed the miss to three factors - Europe, mainframe slowness and not
closing two deals; BMCS* followed - the street did not react positively to
their morning call. Karl Motey's space was hit due to the Saloman call -
PMCS* (PMC Sierra Corp) KOPN+ (Kopin) down 8, TLCM* (Telecom Semiconductors)
PSEM* (Pericom Semiconductors) down 9, SSTI* (Silicon Storage) down almost
15... JDSU (JDS Uniphase) down over 9... IMAN (Imanage Inc) down 8%....
PROX* (Proxim) down over 5... VRTS* (Veritas Software) down over 4 1/2,
MUSE* (Micromuse) up over 3 1/2.... SPOT* (Panam Sat) down over 2.... JBL*
(Jabil Circuit) down over 2.... COVD* (Covad) up over 1.... after the close
RDCM+ (Radcom) pre-announced negatively.

FBI questioning Japan's NTT purchase of US ISP Verio - security concerns -
how can we bug?

Datek - taking limit orders in decimals.

Lernout and Hauspie - down 16% - questions about concentration of revenues.

AmericasMart.com - retailer of furnishings - UPS offering credit cards and
unsecured lines of credit to customers.

AOL - stake in SpeechWorks - maker of voice recong. software - phone access
to net becoming more vital.

Edgewater Tech - formally StaffMark - dumping temp staff business to be
e-commerce consulting firm.

Alcatel - buys private maker of optical components (Innovative Fibers of
Canada).

Ionics EMS - $1Billion disk drive order from Philips.

Sanyo - mobile phone/audio player (developed by consortium featuring Fujitsu
and Hitachi).

Comverse Tech. - buys Israeli wireless infrast. firm Exalink.

Carrefour (huge French retailer) and BNP-Paribas - online financial services
via retailers web portal.

Cable and Wireless - $30 million to Euro net incubator Gorilla Park.

Swissair - CEO quits for net start-up.

Brit T - aggressive WAP ad push - not paying off - consumers aren't buying.

Japan's NEC - planning NYSE listing.

WSJ - overview of sites targeting Latin American women.

NY Times - online phone calls catching on.

Waterpark in Denver - kids wear electronic wristwatch tracking device so
parents can locate them at all times.

Buy.com , Staples and eZimba - victims of electronic fraud - hackers use
gift certificates to get free merchandise.

Hotwire.com - coming in Sept. - discounted last minute empty airline seats -
watch out Priceline (not to be confused with airline backed Orbitz site).

iFilm - layoffs.

3i Networks - Java based ap service provider - for e-commerce - $1 million
first round.

Dept. of Agriculture - have invented Plumcots - cross between apricot and
plum.

petersons.com/private/ - site for info on private schools.

Mossberg of WSJ - review of Omnisky "wireless web" - has potential but not
really here yet.

Global Quest Network - hear 15 second ad - place call for free -available in
Dallas/Ft. Worth.

Dell - drops NextMonet.com (art sales site) from intranet - doesn't like
nude pictures.

INTC - settles patent suit vs. Via Tech.

HWP - 5% sake in Novadigm - intergrate their management soft. into HWP's
solution.

WorldSpy.com - free ISP - goes under.

Norway's Opera Soft. - develops browser for Psion's OS.

DSTM - profit warning.

Ibidlive - auctioning .tv domain names on web and TV.

WSJ Heard - analysis of CA debacle.

alteregonet.com - soft. to unify format of wireless content without regard
to device.

BMET - 3 for 2.

onlineconservatory.com - musicians can jam with their friends online.

CIBC - intiates RIMM* with a buy. (trading up in pre-market).

Orange - buys Brit. news site Ananova (and animated news anchor)

European Parl. - angry about American eavesdropping - say it's for corporate
espionage.

C.E. Unterberg Towbin's Paul Rodriguez - on CNN yesterday commenting on his
space.

C.E. Unterberg Towbin - INIT marketing in NY.

The information contained herein is obtained from sources we believe to be
reliable but its accuracy and completeness, and that of the opinions based
thereon, are not guaranteed. C.E. Unterberg Towbin, or one or more of its
partners, may have a position in any of the securities discussed herein. All
rights reserved by C.E. Unterberg Towbin. May not be reproduced in whole or
in part without prior written authorization. This report is not an offer to
sell or solicitation of an offer to buy the securities mentioned herein.
*C.E. Unterberg Towbin makes a market in this security and/or has analyst
coverage.
+C.E. Unterberg Towbin makes a market in this security and has been involved
in a recent financing.
_____________________________
Bram Towbin
C.E. Unterberg Towbin
10 East 50th Street
New York NY 10022

Telephone: 212 572 8163
Fax: 212 759 4032
Btowbin@unterberg.com
www.unterberg.com

----------------------------------------------------------------
Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of
C.E. Unterberg, Towbin is subject to review by the Compliance Department.

Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to
request, authorize or  effect the purchase or sale of any security, to send
fund transfer instructions, or to effect any other transactions.  Any such
request, orders or instructions that you send will not be accepted and will
not be processed.

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


Attached is the EWS/Enron Global Markets Litigation Update.  Please let me
know if you have any questions.  Thank you.


Shijie,

A note: in both cases makes a reservation explicitly at a DOWNTOWN hotel.
There are hotels with the same names elsewhere in Houston.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/30/2000
02:44 PM ---------------------------

Shirley Crenshaw
06/30/2000 02:25 PM
To: Shijie Deng <deng@isye.gatech.edu> @ ENRON
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Re: Visit to Houston and Vince Kaminski's Research Group

Shijie:

I spoke with Vince and he said Friday the 28th of July would be fine for
your visit to Enron.

Please let me know your itinerary when you have it confirmed.  There
are two hotels downtown Houston, The Doubletree and the Hyatt Regency
that are very close to the Enron Bldg.

If you need help with anything, please let me know.

Look forward to having you at Enron.

Regards,

Shirley Crenshaw

Shijie Deng <deng@isye.gatech.edu> on 06/30/2000 10:15:43 AM
To: Shirley Crenshaw <Shirley.Crenshaw@enron.com>
cc:
Subject: Re: Visit to Houston and Vince Kaminski's Research Group

Shirley,

Thank you for your message.  I'm fine with 7/28 (Friday).  I could fly in
to Houston early evening on 7/27.  Please let me know after you confirm
the date with Vince.  Thanks!

Shijie

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng

On Fri, 30 Jun 2000, Shirley Crenshaw wrote:

>
>
> Good morning Professor Deng:
>
> I am Vince Kaminski's assistant and he has asked me to coordinate your
> visit to Enron.  The last week in July would be best for Vince and his
group.
> especially the 24th, 26th, 27th, or 28th.  Tuesday, the 25th is already
filling
> up.  Please let me know which day would work for you.
>
> Best regards,
>
> Shirley Crenshaw
> Administrative Coordinator
> Enron Corp. Research Group
> 713/853-5290
> email:  Shirley.Crenshaw.com
>
>
>
>
>
>
>