Yes. Isn't that nice!

 -----Original Message-----
From: 	Taylor, Gina
Sent:	Friday, February 15, 2002 4:20 PM
To:	Harris, Steven; Hyatt, Kevin
Subject:	Article

I wanted to be sure you saw this.

Gina

Development of Sonoran Pipeline Project Halted

02/15/2002
PR Newswire
(Copyright (c) 2002, PR Newswire)
HOUSTON, Feb. 15 /PRNewswire-FirstCall/ -- Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and Calpine Corporation (NYSE: CPN) today announced the termination of the proposed Sonoran Pipeline project. The Sonoran Pipeline was unable to secure sufficient binding commitments to make a successful project given market conditions. Securing firm transportation agreements was a stipulation that executives of both companies initially stated was necessary before development of the project could begin. Neither company has spent significant dollars on the proposed development of the pipeline and it was not expected to begin service until 2004.
Both KMP and Calpine will continue to evaluate other opportunities to serve the growing California market.
Phase I of the proposed Sonoran Pipeline would have extended from the Blanco Hub and terminated near Needles and Topock, Calif., with the possibility of a second phase extending into northern California.
Based in San Jose, Calif., Calpine Corporation is an independent power company that is dedicated to providing customers with clean, efficient, natural gas-fired power generation. It generates and markets power, through plants it develops, owns and operates, in 29 states in the United States, three provinces in Canada and in the United Kingdom. Calpine also is the world's largest producer of renewable geothermal energy, and it owns 1.3 trillion cubic feet equivalent of proved natural gas reserves in Canada and the United States. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, visit its website at www.calpine.com .
Kinder Morgan Energy Partners, L. P. is the nation's largest pipeline master limited partnership with an enterprise value of approximately $9 billion. KMP owns and operates more than 20,000 miles of pipelines and over 70 terminals. Its pipelines transport more than two million barrels per day of gasoline and other petroleum products and up to 4.3 billion cubic feet per day of natural gas. Its terminals handle over 50 million tons of coal and other bulk materials annually and have a liquids storage capacity of more than 53 million barrels for petroleum products and chemicals. KMP is also the leading provider in the U.S. of CO2, which is used in enhanced oil recovery projects.


> Remember, amateurs built the ark.
> >Professionals built the Titanic.
> >
> >Conscience is what hurts when everything else feels so good.
> >
> >Talk is cheap because supply exceeds demand.
> >
> >Stupidity got us into this mess -- why can't it get us out?
> >
> >Love is grand; divorce is a hundred grand.
> >
> >Even if you are on the right track, you'll get run over if you just sit
> there.
> >
> >Politicians and diapers have one thing in common.
> >They should both be changed regularly and for the same reason.
> >
> >An optimist thinks that this is the best possible world.
> >A pessimist fears that this is true.
> >
> >There is always death and taxes;
> >however death doesn't get worse every year.
> >
> >People will accept your ideas much more readily if you tell them that
> >Benjamin Franklin said it first.
> >
> >It's easier to fight for one's principles than to live up to them.
> >
> >I don't mind going nowhere as long as it's an interesting path.
> >
> >Anything free is worth what you pay for it.
> >
> >Indecision is the key to flexibility.
> >
> >It hurts to be on the cutting edge.
> >
> >If it ain't broke, fix it till it is.
> >
> >I don't get even, I get odder.
> >
> >In just two days, tomorrow will be yesterday.
> >
> >I always wanted to be a procrastinator, never got around to it.
> >
> >Dijon vu -- the same mustard as before.
> >
> >I am a nutritional overachiever.
> >
> >My inferiority complex is not as good as yours.
> >
> >I am having an out of money experience.
> >
> >I plan on living forever. So far, so good.
> >
> >I am in shape. Round is a shape.
> >
> >Not afraid of heights -- afraid of widths.
> >
> >Practice safe eating -- always use condiments.
> >
> >A day without sunshine is like night.
> >
> >I have kleptomania, but when it gets bad, I take something for it.
> >
> >If marriage were outlawed, only outlaws would have in-laws.
> >
> >I am not a perfectionist. My parents were though.
> >
> >Life is an endless struggle full of frustrations and challenges, but
> >eventually you find a hair stylist you like.
> >
> >You're getting old when you get the same sensation from a rocking chair
> that
> >you once got from a roller coaster.
> >
> >One of life's mysteries is how a two pound box of candy can make a woman
> gain
> >five pounds.
> >
> >It's frustrating when you know all the answers, but nobody bothers to ask
>
> you
> >the questions.
> >
> >The real art of conversation is not only to say the right thing at the
> right
> >time, but also to leave unsaid the wrong thing at the tempting moment.
> >
> >Time may be a great healer, but it's also a lousy beautician.
> >
> >Brain cells come and brain cells go, but fat cells live forever.
> >
> >Age doesn't always bring wisdom, sometimes age comes alone.
> >
> >Life not only begins at forty, it begins to show.
> >
> >You don't stop laughing because you grow old, you grow old because you
> >stopped laughing.
>
>

 - att1.htm


As you are already aware,  the West desk is making efforts to introduce
financial trading.  I met with a customer of John Malowney's this afternoon,
a fellow from a small Oregon PUD named Clatskanie, (pronounced  clask, as in
ask, uh nigh ) the name of a tribe of Indians that I am sure Lewis and Clark
dealt with on their way down river in 1805 and about which I will hereby
discipline myself to  digress no further except to mention in passing that
there is an excavation site of one of their villages alluded to in the
Journals, not far from the Portland airport)  anyway,  this customer is
reviewing an ISDA and says there is an association of Oregon utilities that
share legal counsel and they are all edging ahead with ISDA review.  One gets
the sense of a kind  of  imperceptible glacial movement  turning into visible
creeping .  I stepped up to the plate and said Enron legal would leave no
stone unturned in working with their association and we would be happy to get
our ISDA attorney's in Houston to work on a cost effective basis with their
association to promote this ISDA eductation process and on and on.  He said
he would give my card to various lawyers and call us back.  So,  this is a
heads up about what may become an important opportunity for us to creep
somewhat more rapidly  into the financial trading market up here.  I realize
that resources in the financial trading group are spread thin but would like
to urge you to keep this kind of western initiative in mind.  Wouldn't it be
ironic if the first city to string an electric wire (14 miles from Willamette
Falls at Oregon City,  capital of the Oregon Territory, to downtown Portland)
for the public sale of electricity would lead the charge to embracing
financial power trading?  I will keep you posted and try not to write
messages so soon after drinking Starbuck coffee.  .--cgy


Sorry about the delay, Kevin Brady is out today, I had to fish the numbers from the pipe's web site.
Let me know if you have any questions.
Thanks,


fyi
---------------------- Forwarded by Scott Neal/HOU/ECT on 12/08/2000 09:56 AM
---------------------------

John Sherriff
12/06/2000 07:12 AM
To: Scott Neal/HOU/ECT@ECT
cc: Sophie Kingsley/LON/ECT@ECT
Subject: Re: Angie's Resume

Scott

We love these kind of leads.  I will ask Sophie Kingsley who leads our A&A
program to work on getting her
over here.  When it calms down over there I would love to catch up with you
and see how the wild and wooly
nat gas markets are going.  I sure wish I was doing the West Desk for this
Winter.

John

Scott Neal
06/12/2000 12:31
To: John Sherriff/LON/ECT@ECT
cc:

Subject: Angie's Resume

John,

Please find attached the resume of Angie Zeman, who is an analyst working a
rotation in East Gas Logistics.  She is an outstanding perfromer and is
interested in pursuing opportunities  in London.  Who is the best person in
your organization to communicate her interest and my recommendation?

Thanks.

Scott
---------------------- Forwarded by Scott Neal/HOU/ECT on 12/06/2000 06:23 AM
---------------------------

Angie Zeman@ENRON
12/04/2000 05:00 PM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Angie's Resume


-----Original Message-----
From: 	ARSystem <ARSystem@mailman.enron.com>@ENRON
Sent:	Monday, December 17, 2001 9:02 AM
To:	Derrick Jr., James
Subject:	Request Submitted: Access Request for stephanie.harris@enron.com

You have received this email because the requester specified you as their Manager's alternate. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000079382&Page=Approval to review and act upon this request.

Request ID          : 000000000079382
Approver            : stephanie.harris@enron.com
Request Create Date : 12/17/01 9:01:31 AM
Requested For       : stephanie.harris@enron.com
Resource Name       : eConnect - VPN  Tier 2 - Full Access
Resource Type       : Applications


The special protection under the Bankruptcy Code is not limited to
swaps. Section 546(e) protects "margin payments" and "settlement payments"
which are "made by or to a commodity broker, forward contract merchant,
stockbroker, financial institution or securities clearing agency...." and
the definition of "swap agreement" for purposes of section 546(g) includes
commodity swaps.  But your point is well taken, because there
seems to be no special protection for agreements that involve transactions
covered by different subsections or that involve some transactions that are
covered by the special protection, and some that are not.
This issue may be even more important outside the letter of credit context.
There are  special exemptions from the automatic stay in section 362 of the
Bankruptcy Code for setoffs under swap agreements and commodity contracts.
But, like section 546, these exemptions are in separate subsections, and do
not clearly provide for setting off transactions covered by one subsection
against transactions covered by one of the other subsections, or against
transactions not covered by the exemptions at all.
I can imagine setting up netting arrangements with several stages of
netting, both to take maximum advantage of the exemptions in the Bankruptcy
Code and to get a clear picture of the credit exposure with a particular
counterparty.  First, you would net all the transactions covered by each
subsection. Then you might net the transactions covered by the different
subsections. Then you would net the resulting number against transactions
not covered by any of the exemptions. Perhaps you do that already.
 Please let me know if you would like to discuss this subject in more
detail.
-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Friday, May 25, 2001 5:47 PM
To: eireland@foleylaw.com
Cc: Julia.Murray@enron.com; Carol.St.Clair@enron.com
Subject: Letters of Credit; Preference; Swap Transactions

Julia sent me a copy of your memo following up on one of the questions
asked at the session earlier this week.  I would like to ask a follow-up
question:

Do we lose the benefit of the special treatment under the bankruptcy code
when we enter into cross-product (i.e. physical and financial products)
netting and joint credit support arrangements.  If we agree with a
counterparty to net all of our trading exposures under multiple agreements
(swap agreements and gas, power, steel, coal, etc. trading agreements) to
determine how much credit support should be posted and then only ask for a
single LC that supports the whole shebang, do we lose this protection since
arguably we are no longer just "under a swap agreement?"


it's changed.

Kerri Thompson@ENRON
03/20/2001 02:33 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: natsource check out

he is correct it should be july 02, but he has july 01

   Kate Symes @ ECT                03/20/2001 04:15 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: natsource check out

mike says 555403 is Q3-02 - it's been changed
but  he thinks 555404 should be Jul-02, not Q3-02 - is Natsource broker sure?

Kerri Thompson@ENRON
03/20/2001 01:31 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource check out

555403
broker has Q302

555404
broker has Q302

thanks


Thank you.  We are really excited about the "big Hos"  (Jake's new comment).
Coco is busy decorating in her mind.  We will take some pictures this weekend
with the digital camera and email them to you.

Mike


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:06 PM ---------------------------

Jim Schwieger
09/25/2000 09:13 AM
To:	Brad Blevins/HOU/ECT@ECT
cc:
Subject:	Estimation of Potential KVSR fuel expense

Brad:
Right now we have to assume that we will be withdrawing Nov. 2000 through March, 2001 with a goal of emptying the facility down to 60 BCF.  This will require the injection of approximately 55 BCF of gas from April 1, 2001 through October 31, 2001.  Available run time should be no lower than 98%.  Why would it be greater?
The rest will have to be answered by someone else.

	Swig

---------------------- Forwarded by Jim Schwieger/HOU/ECT on 09/25/2000 09:03 AM ---------------------------

	Enron North America Corp.  From:  Brad Blevins                           09/22/2000 09:26 PM

To:	Greg Brazaitis/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Jack Simunek/HOU/ECT@ECT, Emma Kam Welsch/HOU/ECT@ECT
cc:
Subject:	Estimation of Potential KVSR fuel expense

Hanover Compression has given me a revised fuel consumption number of 7150 BTU/horsepower-hr for the KVSRs once they have been converted to Clean Burn technology.  This compares to the present 7500 BTU/horsepower-hr.  We need to come to a consensus on the assumptions that will be used with this figure.  These assumptions will need to be as follows:

How many hours a year do we really think that these units will run?  I am assuming that they will not be running if Bammel is on withdrawal.  Correct or not?
How much horsepower will really run?  This will be determined by how much market HPL will hope to capture from ANP and possibly Equistar.  It will also be affected by the suction pressure of the gas, which is, in turn, determined by how much HPL is injecting and pressures at Katy.
Finally, what available run time do we want to assume here?  90%?

I have no preconceived notions of what these assumptions should be; therefore, I am soliciting input from each of you.  We need to be in agreement before Emma starts her work.  Thank you.


I just learned that Rock of Ages #7 will not be released to us. Ed
has sent me jpegs of two images of the same quarry which I have
attached. One is a vertical variant of Rock of Ages #7. Please keep
in mind that the color of the jpegs do not look accurate. If either
or both of the images are possibilities for you, I'd be happy to ask
Ed for better visuals.

Best,

Ada

 - Rock_of_Ages#7a.jpg
 - Rock_of_Ages_#28.jpg
--
Ada Takahashi
Robert Koch Gallery
49 Geary Street
San Francisco, CA 94108
tel: 415.421.0122
fax: 415.421.6306
mailto:ada@kochgallery.com
http://www.kochgallery.com


---------------------- Forwarded by Scott Neal/HOU/ECT on 01/12/2001 10:50 AM
---------------------------

Shonnie Daniel
11/02/2000 11:23 AM
To: Mark Smith/Corp/Enron@Enron
cc: Scott Neal/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
Subject: Re: Bridgeline Exclusive Customers

Mark,
Attached is a revised memo.  The memo previously forwarded defined Bridgeline
exclusive customers as those connected to interstate pipelines.  The correct
definition of Bridgeline exclusive customers are those connected exclusively
to intrastate pipelines.  I'm sorry for any confusion.  Please destroy any
copies of the previous memo.  Thanks.  Shonnie

----- Forwarded by Shonnie Daniel/HOU/ECT on 11/02/2000 11:19 AM -----

	Shonnie Daniel
	11/01/2000 03:19 PM

		 To: Mark Smith/Corp/Enron@ENRON
		 cc: Scott Neal/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
		 Subject: Re: Bridgeline Exclusive Customers

Mark,

Attached is a memo setting forth the customers/facilities that are included
in the Bridgeline non compete agreement.  Please call with any questions.
Shonnie 31463

	Mark Smith@ENRON
	11/01/2000 09:01 AM

		 To: Shonnie Daniel/HOU/ECT@ECT
		 cc:
		 Subject: Bridgeline List of Industrial Customer off limits to ENA

Shonnie,
 Scott Neal gave me your name as someone who might be able to provide me with
the list of customers that are "off-limits" to ENA to provide physical gas to
via the Bridgeline agreement.  If you could email me that list, it would be
helpful.  Thanks

Mark Smith
Manager
3-6601


Dear Mr. de la Fuente,

I appreciate the  invitation to the
conference on Ten  Years of Electricity Deregulation and Restructuring.
I shall be able to make a decision next week.

Vince Kamnski

 -----Original Message-----
From: 	"Jos? Luis de la Fuente" <Alberto_Fuente@navegalia.com>@ENRON [mailto:IMCEANOTES-+22Jos+E9+20Luis+20de+20la+20Fuente+22+20+3CAlberto+5FFuente+40navegalia+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, August 17, 2001 12:22 PM
To:	vkamins@ect.enron.com
Subject:	International Conference in Spain

Dear Mr. Kaminski:
I assume that Prof. Oren has sent to you an e-mail in which he  informed of our ongoing purpose of organizing an international conference on Ten  year of Electricity Deregulation and Restructuring. He attached a very  preliminary agenda as well with all the people and lectures committed  already.
I would like to formally invite you to come to Spain by  December 17-18 to give a lecture of around 45 minutes on the key  issues that operators and energy services and trading companies are confronting  in assessing the risk chain in the new deregulated environment business:  adequacy risks, trading risk management, capacity markets, etc.
Regarding budget and expenses, I can allocate $2.500,  plus a bonus should we break even, to cover your traveling and emoluments.  We will take care of the lodging as well.

Please feel free to contact me if you need further details. As  soon as we have some more formal description of the Conference and a first  definitive schedule I will send it to you.

Let me have your response whenever you are able to do  so.

Best regards.

Jos? Luis de la Fuente
Iberdrolajl.delafuente@iberdrola.es << File: mailto:jl.delafuente@iberdrola.es >> jlfuente@stnet.es << File: mailto:jlfuente@stnet.es >>


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Given the current uncertainty surrounding capital allocation I wanted to highlight that we have one remaining commitment to CLP before the end of this calendar year - last half Dec shipment of 70,000mt.

All things being equal we would be looking to source this cargo from China as they still represent the cheapest origin of coal for this business. However, as you are aware all
payment on contracts out of China are currently done via L/C and we are unlikely to be able to change in short-term, especially given the current focus. If we were to look to Australia to procure this shipment then there is a better chance of procuring coal with payment via T.T (although some producers are talking about L/C requirements given today's situation), however we will be paying a premium for this coal. Economics are as follows:

Sourcing from China - $31.00 delivered Hong Kong - approx
Sourcing from Oz     - $32.50 delivered Hong Kong - approx

Given abve we would like to concentrate on stemming from China but obviously some L/C capacity will be required. - total value would be approx $2mill
Please advise where we stand on this.

FYI - we are currently working on a buy back deal with CLP whereby we purchase 280mmt of our commitment to supply for first half of 2002 - this will reduce our working capital requirements.

Appreciate your thoughts
Jez Peters

Enron Coal Asia Pacific Pty Ltd
+61 2 9229 2361 (direct)
+61 405 146 027 (mobile)
+61 2 9229 2350 (fax)
jez.peters@enron.com

This e-mail/fax and any files transmitted with it may contain confidential and/or priveledged material and is intended only for the person or entity to which it is addressed. Any review, transmission, dissemination or other use of , or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you have received this e-mail/fax in error, please notify the sender immediately and delete this material from all known records.


When: Thursday, January 10, 2002 3:30 PM-4:30 PM (GMT-06:00) Central Time (US & Canada).
Where: EB3872

*~*~*~*~*~*~*~*~*~*


Grant,

Who can look into it?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/31/2000
03:00 PM ---------------------------

Chris Heisler <cheisler@starit.com> on 07/20/2000 10:32:11 AM
To: Chris Heisler <cheisler@starit.com>
cc:
Subject: Department of Energy is deploying a Corporate Portal at facilitie s
across the country

STAR Information Technology brings has the tools needed to help energy
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That really embarasses me.
PL


Dave,
 Volume, term and price are necessary components of the confirm.  Do not send
out without these components being in place.  Also, changing from the January
dates will require additional language changes.  I will make those changes
when we fill in the rest of the information.  How do we stand on getting the
final version of the Master Contract drafted and submitted to them for
signature.  Remember, we need that in place before we do the confirm.,

	Dave Fuller
	02/15/2001 09:17 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Clark County Gas Deal

Dan,

Attached is the Clark County confirm you made for me with some minor changes
(volume term price).  Let me know if it still looks OK.

Thanks,

Dave


Something to keep in mind:  Since FERC has implied that it considers shipper
support in determining whether to allow pipelines to hold capacity on other
pipelines, the more shippers we can get to intervene in our filing, the
better.


California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


All,
	Tonight we are having the large 'TV' removed from the SE Corner of the floor and the one in the SW corner moved out of the walkway space.

The removal of the large screen is due to how low it hangs and the hazard it presents to people walking in the area.  Since we do not use that screen, and we do not have a good place to put it, we will store it until a suitable use is identified.

The smaller screen will be move North and East about 3 feet to get it out of the walkway.

Regards,

Dave


Sara-

Here is a term sheet from another potential counterparty.  DB is treating any
ISDAs with Banker Trust Co as a temporary thing and would like to have new
ISDAs negotiated in DBs name.

J
---------------------- Forwarded by Jeff Nogid/HOU/ECT on 07/24/2000 02:07 PM
---------------------------

michael.c.ladas@db.com on 07/21/2000 03:56:22 PM
To: jeff.nogid@enron.com
cc: kenichi.shoji@db.com
Subject: Issuer Forward Transactions

Jeff - per our conversation today, I have attached a basic equity forward
confirm (note that this is our generic form and will be modified to suit
the contract that we enter into) .  I have also attached a document
discussing a proprietary way that we have developed to enter into tax
deductible forwards.  I look forward to working with you further with
regard to this transaction

Best regards,

Mike Ladas
Vice President
Strategic Equity Transactions Group
p:212.469.8572 / f.212.469.4935

(See attached file: Tax Deductible Forward.doc)(See attached file: Issuer
Forward - quarterly resets - ENE.doc)

 - Tax Deductible Forward.doc
 - Issuer Forward - quarterly resets - ENE.doc


---------------------- Forwarded by Tana Jones/HOU/ECT on 03/23/2000 08:52 AM
---------------------------

Molly Harris
03/22/2000 05:44 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, Brian Hunter-Lindsay/LON/ECT@ECT, Coenraad
Basson/LON/ECT@ECT, Bhautik Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT,
Connie Sutton/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT
Subject: EOL Credit Responses 3/22

Please find attached Credit's EOL responses for 3/22/00.

Regards
Molly


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/22/2001
07:28 AM ---------------------------

	From:  Mike A Roberts                           03/14/2001 01:21 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: The QUIZ

Vince,

maybe we could use this to screen prospective new research group members!

- Mike
---------------------- Forwarded by Mike A Roberts/HOU/ECT on 03/14/2001
01:14 PM ---------------------------
Kaye Davenport @ EES   03/14/2001 01:05 PM

To: Bruce N Stram/HOU/EES@EES, <mjacobson@fce.com>, Mike A Roberts/HOU/ECT@ECT
cc:
Subject: The QUIZ

Just checking you all out!!!
---------------------- Forwarded by Kaye Davenport/HOU/EES on 03/14/2001
01:04 PM ---------------------------

"Blair Hodges" <blair_hodges@hotmail.com> on 03/14/2001 12:29:51 PM
To: brhodes@downstreamenergy.com, mscandyd2001@msn.com,
Donna.Laird@Wilcom.com, GPhillips@dacg.com, mipopi@hotmail.com,
kdavenpo@enron.com, kwilliam@alogic.com, merry@tjtaxlaw.com,
wondershea@prodigy.net, mknbrd_2000@yahoo.com, theresa.viguerie@inteq.com,
hayatu@yahoo.com
cc:
Subject: The QUIZ

The following short quiz consists of 4 questions and tells whether you are
qualified to be a "professional". Scroll down for each answer. The questions
are not that difficult.

1.  How do you put a giraffe into a refrigerator?

The correct answer is: Open the refrigerator, put in the giraffe and close
the door. This question tests whether you tend to do simple things in an
overly complicated way.

2.  How do you put an elephant into a refrigerator?

Wrong answer: Open the refrigerator, put in the elephant and close the
refrigerator.

The correct answer is: Open the refrigerator, take out the giraffe,
put in the elephant and close the door. This tests your ability to
think through the repercussions of your actions.

3.  The Lion King is hosting an animal conference. All the animals
attend except one. Which animal does not attend?

The correct answer is: The Elephant. The Elephant is in the refrigerator.
This tests your memory. Okay, even if you did not answer the first three
questions correctly, you still have one more chance to show your abilities.

4.  There is a river you must cross, but it is inhabited by crocodiles. How
do you manage it?

The correct answer is: You swim across.  All the Crocodiles are attending
the Animal Meeting. This tests whether you learn quickly from your mistakes.
According to Andersen Consulting Worldwide, around 90% of the professionals
they tested got all 4 questions wrong. But many preschoolers got several
correct answers. Anderson Consulting says this conclusively disproves the
theory that most professionals have the brains of a four year old.

Send this out to frustrate all of your friends

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


---------------------- Forwarded by Cassandra S Dutton/HOU/ECT on 08/30/2000
01:41 PM ---------------------------

	From:  Julissa Marron @ ENRON                           08/22/2000 10:27 AM

To: Patrick Marron <Patrick.Marron@aspentech.com>, Angela
Mendez/GPGFIN/Enron@ENRON, Tiffany La Dang <tiffany@eubanks-architects.com>,
"Arthur Campos" <arthur@eubanks-architects.com>, Macra Cano
<macra_c@yahoo.com>, RGar413489@aol.com, "Becky Beltran"
<beckybeltran@hotmail.com>, Marilyn Rivera/HOU/ECT@ECT, Amber
Ebow/HOU/ECT@ECT, Regina Blackshear/Corp/Enron@ENRON, Cassandra S
Dutton/HOU/ECT@ECT, Kim Weldon/Corp/Enron@Enron, "Linda Stevens"
<lstevens@wt.net>, Elizabeth.Lopez@ihsenergy.com, Betty Garcia
<bgarcia@galena-park.isd.tenet.edu>
cc:
Subject: Absolutely Beautiful!

This has sound.  It is absolutely beautiful!!!  Enjoy!!

 - Beautiful.exe


CALENDAR ENTRY:	APPOINTMENT

Description:
	S.Central PRC

Date:		5/8/2001
Time:		1:30 PM - 3:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Please fill in the blank:
&First Contingency Transmission Outage8 means

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 10:37 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: MDEA Agreement Scheduling

I'm still waiting on David Hunt to send me some stuff, which would really
help move the document along.  I'll ask again if i can get it from him. There
are still internal questions in it, which I have annotated. I'm happy for you
to look at it fairly shortly, especially if you can give definitive
commercial direction.

Do you feel that the commercial team is  finished with the exhibits?  I
haven't worked on them, but I suspect the exhibits need work.  I know the
bogey calc doc is a bit rough. [Rorschach, Reagan]  Exhibits are rough.  I
need to make a list of Exhibits called out in the current doc version, pull
them all together, and clean them up.

Do you still owe me the emergency transmission cut stuff? [Rorschach, Reagan]
  Yes.  I am not exactly sure of the context....but try this on for size:
Clarksdale is subject to an Entergy transmission constraint that from time to
time results in a transmission cut and mandates Clarksdale dispatching their
generation assets to serve Clarksdale Native Load.  Dispatching Clarksdale
assets under these circumstances is known as the first contingency must run
condition.  During first contingency must run conditions, EPMI will document
the production costs, megawatts generated, duration of the event, and lost
opportunity cost of buying from the market.  Clarksdale is due reimbursement
from Entergy for extra costs incurred during such events.

Early next week is better than later, and Thursday and Friday are huge
problem days for me.  When are you thinking of meeting with Beck?  Anyway to
combine the two at once, given the short timeframe? [Rorschach, Reagan]  I
think we could get everyone together at the same time as soon as Monday.  I
want them to have the time to study the document so we can get it all done at
once.

Has Dave signed the extension, by the way? [Rorschach, Reagan]   done,
fedex'ing to MDEA.  Will have faxed copy today.

Kay

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 09:59 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: MDEA Agreement Scheduling

Kay,

We are starting to run into some scheduling constraints for next week, at
least with Bob Priest.  I'd like to get together with Bob and Marvin early
next week to discuss the agreement--moving toward finalizing before June 12.
Bob is only available Monday.  Bob and Marvin think it is a good ideal to
then meet with RW Beck.

I'd like to email Marvin and Bob the next version sometime today?

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363


000
WTNT32 KNHC 250437
TCPAT2
BULLETIN
SUBTROPICAL STORM TWO ADVISORY NUMBER	2
NATIONAL WEATHER SERVICE MIAMI FL
11 PM AST SAT NOV 24 2001

...SUBTROPICAL STORM TWO MOVING NORTHWESTWARD OVER THE CENTRAL
ATLANTIC...

ADVISORIES ARE BEING ISSUED FOR THE PURPOSE OF WARNING SHIPS AT
SEA OF THE THREAT OF STRONG WINDS NEAR THE CENTER OF THIS LARGE
STORM.

AT 11 PM AST...0300Z...THE CENTER OF SUBTROPICAL STORM TWO WAS
LOCATED NEAR LATITUDE 31.5 NORTH...LONGITUDE  50.6 WEST OR ABOUT 785
MILES...1265 KM...EAST OF BERMUDA.

THE SUBTROPICAL STORM IS MOVING TOWARD THE NORTHWEST NEAR 10 MPH
...17 KM/HR...AND A TURN TOWARD THE WEST-NORTHWEST IS EXPECTED
DURING THE NEXT 24 HOURS.

MAXIMUM SUSTAINED WINDS ARE NEAR  60 MPH... 95 KM/HR...WITH HIGHER
GUSTS.	LITTLE CHANGE IN STRENGTH IS FORECAST DURING THE NEXT
24 HOURS.

WINDS OF 40 MPH EXTEND OUTWARD UP TO 620 MILES...1000 KM MAINLY
TO THE NORTH OF THE CENTER.

ESTIMATED MINIMUM CENTRAL PRESSURE IS  990 MB...29.23 INCHES.

REPEATING THE 11 PM AST POSITION...31.5 N... 50.6 W.  MOVEMENT
TOWARD...NORTHWEST NEAR 10 MPH.  MAXIMUM SUSTAINED
WINDS... 60 MPH.  MINIMUM CENTRAL PRESSURE... 990 MB.

THE NEXT ADVISORY WILL BE ISSUED BY THE NATIONAL
HURRICANE CENTER AT 5 AM AST...SUNDAY.

FORECASTER BEVEN

Make GoPBI.com's Storm Warning Center your No. 1 resource for hurricane
and tropical storm updates: http://GoPBI.com/storm

To subscribe or unsubcribe from this list, visit our Web site:
http://GoPBI.com/storm/email

DO NOT REPLY to this email. If you have questions or comments,  send
them to storm@cimedia.com

Brought to you by GoPBI.com: http://GoPBI.com

You can contact us by mail or telephone at:
GoPBI.com
2751 South Dixie Highway
West Palm Beach FL 33405
(561) 820-3700

Copyright 2001 Cox Interactive Media


**********************************
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Hi Tana--

Rex would like to move forward with the Sun NDA using the exact language as
the recent iPlanet NDA, except with "Sun Microsystems, Inc." instead of
"iPlanet."

This is because the initial Sun discussions will be only with the business
development people and there will be no engineers or software developers in
the room, so the residuals clause is OK as Sun likes it.

For now, this new NDA could take the place of any Sun NDA in progress.

Please let me know if you need any more information before sending this out.

Thanks,
Mark P.

Input info for the NDA
--------------------------------

Legal name of the company:
 Sun Microsystems, Inc.

Business contact name at the company (who will receive the NDA):
 John Fowler

Business contact email & phone (& fax, if applicable):
 john.fowler@sun.com
 phone 650-336-0945

Company's address:
 901 San Antonio Rd.
 Palo Alto, CA  94303-4900

Nature of discussion:
 Project Offline

NDA delivery method:
 Email

Other delivery needed? (hard copy sent by mail, Fedex, fax):
 No

Legal contact at the company (optional but helpful):
 ENE legal may already have this.


Hi Jaime -

Thanks for the information about the dinner.  Ken said that he would be
flying from Aspen to New York (or Washington, if that's the city).  He said
he would very much like to meet with you for 30 - 45 minutes before the
dinner for a briefing.

Thanks.

Rosie

Jaime Alatorre
08/08/2000 10:33 AM
Sent by: Jaime Alatorre
To: Kenneth Lay/Corp/Enron@ENRON
cc: myzagui@ect.enron.com, Steven J Kean/HOU/EES@EES
Subject: Dinner with V. Fox

Dear Ken,
 Federico Sada, who is travelling with President elect Vicente Fox in South
America, called me this morning,
and asked me to give you the confirmed list of attendees to the dinner in New
York, Wednesday August 23, 8:00 P.M.
at the Watteau Room of the St. Regis Hotel:

 Sanford I. Weill   Citigroup, Inc.   Chairman and CEO
 Hendrick Verfaille  Monsanto Co.   President and CEO
 William B Harrison, Jr.  Chase Manhattan Corp.  Chairman and CEO
 Raymond V. Gilmartin  Merck and Company, Inc. Chairman and CEO
 Michael Armstrong  AT&T    Chairman and CEO
 Stephen M. Wolf  US Airways   Chairman and CEO
 Kenneth L. Lay   Enron Corp.   Chairman and CEO

Pending confirmation
 Douglas A. Warner III  J.P. Morgan   Chairman

According to Federico, if there is any late cancellation, no one will be
substituted. Also, there is a small possibility that
the dinner could take place in Washington, rather than N.Y., based on Fox's
meeting with President Clinton; they are still
working on the final agenda.

 Max and myself are working on the background information that you will need,
and will keep you posted of any
changes; best regards,  jaime____


Start Date: 4/24/01; HourAhead hour: 12;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042412.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 12 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 12 / Preferred: 133.85 / Final: 133.30)
  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


----- Forwarded by Jeff Dasovich/NA/Enron on 06/26/2001 04:35 PM -----

Much Calif Power Price Gouging Beyond FERC's Reach -ISO
Updated: Monday, June 25, 2001 06:59 PM ET   Email this article to a friend!
 Printer-friendly version

By Jason Leopold

Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--Federal energy regulators only have the authority to
order refunds for about a third of the $9 billion California Gov. Gray Davis
claims energy companies have overcharged the state in the 12 months to May
2001, documents from the state's wholesale market operator show.

Of the total, $2.9 billion came from the May-September period the Federal
Energy Regulatory Commission has said it can't act on, and $2.8 billion from
the October-May period is attributable to municipal utilities over which FERC
lacks jurisdiction, according to documents from the California Independent
System Operator.

That leaves just $3.3 billion in alleged overcharges that FERC could
potentially order refunded - far less than the $9 billion Davis seeks.

Talks between generators and state officials to settle billions of dollars in
unpaid bills and issues of overcharging began Monday. Curtis Wagner, the FERC
administrative law judge presiding over the talks, has said California will
likely see refunds from generators, but far less than the $9 billion Davis
expects.

Davis said Sunday California is going to Washington, D.C., "with one goal,
and that is to bring back $9 billion."

Nearly half that amount is attributable to municipal utilities, the ISO
documents show. The ISO said the Los Angeles Department of Water and Power,
for example, overcharged California $75 million between May and October.

David Freeman, the governor's chief energy adviser and the former general
manager of the LADWP, said the agency didn't overcharge the state, but
conceded it profited by selling spare power to the ISO.

Davis adviser Nancy McFadden said the state needs FERC to lay the groundwork
for the state to seek refunds from public utilities by ordering refunds from
corporate energy suppliers.

But during a conference call Sunday with reporters, McFadden and Davis press
secretary Steve Maviglio couldn't explain how the governor would go about
getting refunds from companies whose wholesale power prices aren't regulated
by FERC.

Davis testified before the U.S. Congress last week that generators
overcharged the state $9 billion and that FERC should order the refunds.

State Sen. Jim Brulte, R-Rancho Cucamonga, has asked for an investigation
into Davis's testimony, saying the figures were based on "shaky
calculations."

To come up with its conclusions, the ISO compared hourly market prices
received by sellers to an estimate of market prices that could have been
expected under competitive market conditions.

The ISO established a benchmark for what it determined was competitive - at
times about $125 per megawatt-hour to $200/MWh, a fraction of actual prices
in the market - based on the cost of natural gas and compliance with
air-quality rules.

The ISO, however, typically used the price of gas at California's northern
border, according to the documents. Generators paid a higher price for the
fuel in Southern California, raising the cost of making electricity.

The ISO also used reports of earnings by the state's "Big Five" power
suppliers during 2000 - earnings that for some quadrupled - to draw the
conclusion that generators overcharged the state, according to the documents.

The ISO attributed high power prices in part to the state's three largest
utilities' failure to buy the power they needed in advance, leaving the grid
operator to pick up the shortfall at the last minute, according to the
documents.

The ISO alleges the following companies overcharged the state by the listed
amounts between May 2000 and February:

American Electric Power Service Corp. (AEP </investments/quotes/?symbol=AEP>,
news </investments/news/?symbol=AEP>, msgs
</investments/discuss/?symbol=AEP>): $22.9 million
Arizona Public Service Co. (PNW </investments/quotes/?symbol=PNW>, news
</investments/news/?symbol=PNW>, msgs </investments/discuss/?symbol=PNW>):
$24.6 million
Aquila Power Corp. (ILA </investments/quotes/?symbol=ILA>, news
</investments/news/?symbol=ILA>, msgs </investments/discuss/?symbol=ILA>):
$28 million
Avista Energy Inc. (AVA </investments/quotes/?symbol=AVA>, news
</investments/news/?symbol=AVA>, msgs </investments/discuss/?symbol=AVA>):
$48 million
Automated Power Exchange: $16 million
British Columbia Power Exchange Corp: $439 million
Calpine Corp. (CPN </investments/quotes/?symbol=CPN>, news
</investments/news/?symbol=CPN>, msgs </investments/discuss/?symbol=CPN>):
$236 million
Constellation Power Source Inc. (CEG </investments/quotes/?symbol=CEG>, news
</investments/news/?symbol=CEG>, msgs </investments/discuss/?symbol=CEG>):
$7.8 million
Cargill-Alliant LLC: $1.4 million
Citizens Power Sales: $557,000
Coral Power, LLC,. a unit of Shell Oil (RD </investments/quotes/?symbol=RD>,
news </investments/news/?symbol=RD>, msgs </investments/discuss/?symbol=RD>):
$27 million
Duke Energy Corp. (DUK </investments/quotes/?symbol=DUK>, news
</investments/news/?symbol=DUK>, msgs </investments/discuss/?symbol=DUK>):
$804 million
Dynegy Inc. (DYN </investments/quotes/?symbol=DYN>, news
</investments/news/?symbol=DYN>, msgs </investments/discuss/?symbol=DYN>):
$530 million
Enron Corp. (ENE </investments/quotes/?symbol=ENE>, news
</investments/news/?symbol=ENE>, msgs </investments/discuss/?symbol=ENE>):
$39 million
El Paso Corp. (EPG </investments/quotes/?symbol=EPG>, news
</investments/news/?symbol=EPG>, msgs </investments/discuss/?symbol=EPG>):
$29 million
El Paso Power Electric Co. (EE </investments/quotes/?symbol=EE>, news
</investments/news/?symbol=EE>, msgs </investments/discuss/?symbol=EE>):
$24,475
Hafslund Energy Trading LLC: $712,528
Idaho Power (IDA </investments/quotes/?symbol=IDA>, news
</investments/news/?symbol=IDA>, msgs </investments/discuss/?symbol=IDA>):
$28 million
Koch Energy Trading: $2.5 million
Los Angeles Department of Water and Power: $75 million
MDSC: $24 million
Mieco Inc.:$1.6 million
Morgan Stanley Capital Group (MWD </investments/quotes/?symbol=MWD>, news
</investments/news/?symbol=MWD>, msgs </investments/discuss/?symbol=MWD>):
$124,644
NewEnergy Inc.: $1.5 million
Nevada Power Co. (SRP </investments/quotes/?symbol=SRP>, news
</investments/news/?symbol=SRP>, msgs </investments/discuss/?symbol=SRP>):
$9.1 million
PacifiCorp: $65 million
PECO Energy Co. (EXC </investments/quotes/?symbol=EXC>, news
</investments/news/?symbol=EXC>, msgs </investments/discuss/?symbol=EXC>):
$4.2 million
Portland General Electric (ENE </investments/quotes/?symbol=ENE>, news
</investments/news/?symbol=ENE>, msgs </investments/discuss/?symbol=ENE>):
$44 million
Public Service Co. of Colorado: $14.1 million
Public Service Co. of New Mexico (PNM </investments/quotes/?symbol=PNM>, news
</investments/news/?symbol=PNM>, msgs </investments/discuss/?symbol=PNM>):
$15.5 million
Puget Sound Energy: $24 million
Reliant Energy Inc. (REI </investments/quotes/?symbol=REI>, news
</investments/news/?symbol=REI>, msgs </investments/discuss/?symbol=REI>)
$750 million
Mirant Corp. (MIR </investments/quotes/?symbol=MIR>, news
</investments/news/?symbol=MIR>, msgs </investments/discuss/?symbol=MIR>),
formerly Southern Co., $753 million
*Sempra Energy Trading Corp. (SRE </investments/quotes/?symbol=SRE>, news
</investments/news/?symbol=SRE>, msgs </investments/discuss/?symbol=SRE>):
$82 million (this number has been wiped out by the ISO)
Sierra Pacific Power Co. (SRP </investments/quotes/?symbol=SRP>, news
</investments/news/?symbol=SRP>, msgs </investments/discuss/?symbol=SRP>):
$23 million
TEK: $11 million
Tuscon Electric Power: $1.1 million
UPA: $131,715
Winston and Strawn: $11,917
Williams Cos. (WMB </investments/quotes/?symbol=WMB>, news
</investments/news/?symbol=WMB>, msgs </investments/discuss/?symbol=WMB>)
$860 million
Total FERC jurisdictional sellers: $4.7 billion
*Total without SETC/SDG&E: $4.6 billion
Total FERC and Non-FERC sellers: $6.7 billion
*Total without SETC/SDG&E: $6.6 billiion
Total March-May overcharges: $2.3 billion


Dear Market Participant,

Technical Bulletin # 49 - Multi-pass methodology of Security
Constrained Unit Commitment - was revised to conform with
changes resulting from the implementation of virtual bidding.
For your convenience, redlined and clean copies of the revised
Technical Bulletin are attached.

The purpose of our Technical Bulletins is to facilitate participation
in the NYISO by communicating various NYISO concepts,
techniques, and processes to Market Participants before they
can be formally documented in a NYISO manual.

If you have any questions, please call your Customer Relations
representatve or the Help Desk at 518-356-6060.

Peter Lemme
NYISO Customer Technical Services
plemme@nyiso.com

(See attached file: TB 49_revised_1_28_02.pdf)(See attached file: TB
49_revised_1_28_02_redline.pdf)
 - TB 49_revised_1_28_02.pdf
 - TB 49_revised_1_28_02_redline.pdf
---
You are currently subscribed to nyiso_tie as: paul.d.thomas@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-629431H@lyris.nyiso.com


I'm LOOOOOKING!!!!

 -----Original Message-----
From: 	"Proctor, Shemin V." <sproctor@akllp.com>@ENRON
Sent:	Friday, March 29, 2002 1:15 PM
To:	Germany, Chris
Subject:	RE: Questions We Need Dominion To Answer

Hey Chris,
Ed and I just called Dominion's bankruptcy counsel. He is out until
Tuesday so we are going to call him then.
Shemin
P.S. Did you find a place for me that takes large dogs? :)

-----Original Message-----
From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: Friday, March 29, 2002 12:09 PM
To: Proctor, Shemin V.
Cc: Kathryn.Bussell@enron.com
Subject: RE: Questions We Need Dominion To Answer

What is our Dominion status?

    -----Original Message-----
   From:   "Proctor, Shemin V." <sproctor@akllp.com>@ENRON
   Sent:   Friday, March 22, 2002 9:39 AM
   To:     Germany, Chris
   Subject:  Questions We Need Dominion To Answer

    <<92860_1.DOC>>
   Chris,
   Please call me once you have looked at these questions and let me
know
   what additional questions we should ask Dominion.  Thanks.
   Shemin
    - 92860_1.DOC << File: 92860_1.DOC >>

**********************************************************************
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.
**********************************************************************


Attached are David's comments.  The gathering facilities that Independent
will be constructing (in their individual corporate capacity) are valued at
approximately $750,000.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 08/09/99 09:29 AM
---------------------------

	Enron Capital Management

	From:  David Marshall                           08/06/99 09:47 AM

To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Re: Construction Agreement

Gerald,

I've reviewed the facilities construction agreement "FCA"and the Exhibit F to
the LLC agreement that you provided.  Suggest that we simply incorporate the
Exhibit F requirements into the FCA by reference, and add an additional
requirement that Independent procure Builders All Risk insurance coverage in
an amount sufficent to cover the full replacement cost of the 'work' and its
components while intrasit to the jobsite, in temporary offsite storage and
while awaitng installation at the site.  Additionally, if the project is
finaced, lenders may require insurance coverage for scheduled p & i payments
if the proejct suffers a delay in start-up as a result of a physical damage
loss.  In the absence of a lender mandate, the purchase of DSU coverage
becomes a commercial decision.  Suggest the following  sample wording:

A.  Builders Risk Insurance

Naming Owner, Contractor, Lenders, (the &Project Counterparties8) as Insureds
and providing coverage for physical loss of or damage to property intended
for incorporation into the Work:

i) While at the jobsite awaiting installation, during testing and
commissioning and at all times prior to Final Completion (use appropriate
term as is  consistent with the EPC document)
ii) While intransit to the jobsite.
iii) While in temporary offsite storage

Subject to limits of liability as follows:

i) Equal to the full insurable vale of the EPC Contract, $
              .
ii) Adequate to cover the exposure or $10,000,000 per conveyance, whichever
is greater.
iii) Adequate to cover the exposure or $15,000,000 per occurrence, whichever
is greater.

B.   Delay in Start Up Insurance

In an amount sufficient to cover x months fixed operating expenses and debt
service obligations.  Such coverage to apply in the event of the occurrence
of a physical damage loss covered under the Builders Risk policy.

Additional Requirements

Coverages A and B herein shall apply as primary insurance for the Work and
shall be without any rights of contrbution from any similar insurance whihc
may be maintained by the parties hereto.

In the event that any insurance (including limits and deductibles thereof)
hereby required to be maintained under this Insurance Coverage section A or
B, shall not be available at commercially reasonable terms because of the
refurbished nature of any equipment to be incorporated at the Facility,
(Project Counterparties) shall not unreasonably withhold its agreement to
waive such requirement, provided that Independent shall first request any
such waiver in writing.


Jinbaek,

May 30 sounds good. I shall inform our HR department.

I don't see any project I could get going with your advisor on such a short
notice.

When you come here you can determine in what area he could make
the biggest contribution to Enron. I shall call or E-mail
him independently and talk to him.

Vince

"Jinbaek Kim" <jinbaek@yahoo.com> on 05/07/2001 02:25:53 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: schedule and more..

Dr. Kaminski,
I think I'll be able to start work from the last week of May,
but not from monday,
probably, I'll be able to work from 5/30 (wed).
Will it be good? I know it is not that much earlier than I mentioned..6/4
I am sorry.

And actually, there is an e-business conference at Haas school of business,
organized by my advisor
Could you distribute the link and the attached invitation letter to groups
interested in e-business and especially procurement?
The link is as following.
http://www.haas.berkeley.edu/citm/conferences/010522/

I am afraid you might forgot this I told you in the last email...
My advisor (Arie Segev at Haas school of business; segev@haas.berkeley.edu)
wants me to ask whether you have any idea on joint research with him
during the summer, while I am staying there.
His interest is in e-business.. (what else..?)
and has expertise in e-procurement system and marketplace...
XML based standard such as OBI,cXML, xCBL, RosettaNet, BizTalk ..
system interoperability study, auction and negotiation, workflow system,
e-catalog management, digital signature, EDI, etc etc...
many technical aspects of e-business...
He wants to do some kind of technical case study
that is beneficial for both ENRON and him.
He may travel one or two times to Houston to have a meeting during the
summer.
(And to be frankly, this will be good for me too,
because I can have a meeting for my dissertation while he is in Houston..)
Could you think about the possibility of joint research, with him?

Thank you..

Sincerely,
Jinbaek

 - FCP-invite.pdf


---------------------- Forwarded by Andrea Ring/HOU/ECT on 02/26/2001 12:24
PM ---------------------------

Jane M Tholt
02/26/2001 11:52 AM
To: Andrea Ring/HOU/ECT@ECT
cc:
Subject: Fortune Article

---------------------- Forwarded by Jane M Tholt/HOU/ECT on 02/26/2001 11:44
AM ---------------------------
From: Matthew Lenhart on 02/23/2001 03:11 PM
To: Frank Ermis/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Tori
Kuykendall/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Monique Sanchez/HOU/ECT@ECT,
Paul T Lucci/NA/Enron@Enron, Randall L Gay/HOU/ECT@ECT
cc:
Subject: Fortune Article

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/23/2001
03:09 PM ---------------------------
To: Matthew Lenhart/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron
cc:

Subject: Fortune Article

---------------------- Forwarded by Timothy Blanchard/HOU/EES on 02/22/2001
04:45 PM ---------------------------

	Enron Energy Services

	From:  Timothy Blanchard                           02/22/2001 04:24 PM
	Phone No: 713-853-4755

To: AIP
cc:
Subject: Fortune Article

The article just discussed on CNNfn.


Hey Mike
To install the SO2 Report program just go to O:\Liquids\Liquids\Coal\SO2_Report\Install and run setup.exe.
There is not much to it, just be aware that it takes about 15 min. to generate the report and you should not
cancel it once it has been started.

Wade

 -----Original Message-----
From: 	Taylor, Michael E
Sent:	Wednesday, August 08, 2001 2:46 PM
To:	Wells, Wade
Subject:	S02 Model

Wade,

I am a new analyst working under John Massey and Trevor Woods.  Trevor told me to contact you to get the SO2 Model installed on my computer, so I can view it.

Thanks,
Mike

Michael Taylor
Coal and Emissions Trading
Enron Global Markets
(713) 853-1885


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
05:27 PM ---------------------------

	Enron Technology

	From:  Stephen Stock                           12/20/2000 11:19 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Christmas

Vince,

Debbie and I are trying to pick a day for an open house invite to a few
woodlands locals over, so if you would like to drop in please let me know
what your home phone number is (or cellular) so I can contact you. I'm going
to invite Beth, Mike Fowler, and Jennifer Richard over too...

When does your wife fly in?, it would be great to see her too!

regards

Steve


I am not to picky.  I dated you didn't I?


Due to short notice of the "evening party", attendance possibilities were
diminished.  Thus, please join in a Friday post-work 5:15pm celebration in
honor of Eric & Peggy.

Place: Ninfa's Downtown (Allen Center)


Anita,
Can you please change the meeting room info in Vince's and Krishna's calenders
for the meeting on June 5 at 1pm.

Thanks,
Osman
---------------------- Forwarded by Osman Sezgen/HOU/EES on 05/31/2001 04:57 PM ---------------------------

Christy Chapman
05/31/2001 03:20 PM
To:	Osman Sezgen/HOU/EES@EES
cc:
Subject:	EES-EAM Research Mtg.

I went ahead and changed the conference room to eb-641.  Please let the rest of the people know.  If you have any questions, please let me know.

Thanks
Christy
ext.3-3365


Rod,
     I'll be somewhere between Pueblo and the Royal Gorge, but I'll try to stop and patch in. I trust that everyone already understands what is contracted and the only concern is our recontracting capability. Right?

Dan
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Attached please find a revised Conversion Checklist for the Wind River
Project.

Please feel free to call me at (713) 220-4427 if you have any questions or
comments or if I can be of further assistance.

S.B.

 - LostCree.DOC


I have based this transport against Tennessee LA Index, as follows
   April  May
TGP Index  2.83  3.03
Fuel/commodity  .138   .145
TGP Demand  .02  .02
Gas Cost into ETNG 2.988  3.195

Chris Germany@ECT
05/09/2000 03:01 PM
To: Scott Goodell/Corp/Enron@ENRON
cc:

Subject: East Tennessee Nora Rate

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/09/2000 03:00
PM ---------------------------

achin@colcnr.com on 05/09/2000 02:23:05 PM
To: chris.germany@enron.com
cc:
Subject: East Tennessee Nora Rate

Did you get a chance to get this rate?  I need it for the invoices that have
to
be sent out tomorrow.  Last month's rate was $2.11


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude44.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas44.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil44.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded44.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG44.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG44.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL44.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


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You crack me up!

	Russell Diamond
	08/28/2000 03:38 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: HQ Energy Services

Oh it's happened before, but after a brief depression period and some therapy
I was OK.

From: Tana Jones on 08/28/2000 03:33 PM
To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: HQ Energy Services

I can't believe a girl wouldn't call you back after a date...

	Russell Diamond
	08/28/2000 03:30 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: HQ Energy Services

Oh yeah, I always forget about the whole 'political' aspect, but it is an
important one............, and as far as a girl always hedging her
bets...........interesting I'll have to keep that one in mind next time I
don't get a call back from a date.

From: Tana Jones on 08/28/2000 03:21 PM
To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: HQ Energy Services

Don't you remember at Sara's party, we were talking to Bill, and telling him
how you were our favorite Credit person, and he said, "but I thought I was
your favorite Credit person...", and since he is your boss, it seems quite
political (for both you and me!) that he is always #1, anyway...a girl's
always got to hedge her bets...!!

	Russell Diamond
	08/28/2000 03:12 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: HQ Energy Services

(after Bill) ???????

From: Tana Jones on 08/28/2000 03:07 PM
To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: HQ Energy Services

There's a reason why you earned the title of "Favorite Credit Person (after
Bill)"...!

	Russell Diamond
	08/28/2000 02:46 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: HQ Energy Services

Tana,

Please see attached Credit W/S for HQ.

Thanks
Russell


my wife will be out of town,,,,, but that means more beer for me!


[IMAGE]

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Last night when I left the Enron Building, once again I was so very depressed thinking that another executive was taking millions of dollars away from Enron and leaving the employees to fend for ourselves.

On the way home I heard your announcement on the radio that you were not going to exercise that part of your contract.   Thank you for restoring my faith in Enron.   I truly appreciate the sacrifice you are making and thank you for thinking about the employees.

I have been with Enron for 23 years and I would never have believed this could happen.   I have always given 100% to this company and I'm crushed that I will not be here much longer.  My first choice would be to stay with Enron but at this time I think that is unrealistic and I am searching outside.  Enron has been my home and my family for these 23 years.

I just wanted to say thank you again for all that you have done for us.

Sherri Saunders (sherri.saunders@enron.com)
Enron Principal Investments
713-853-6107
713-646-8010 (fax)


---------------------- Forwarded by Kevin G Moore/HOU/ECT on 04/03/2001 06:24
AM ---------------------------

Tony Hamilton@ENRON
04/03/2001 05:16 AM
To: Kevin G Moore/HOU/ECT@ECT
cc:
Subject: Re: Check and Car Hire

Kevin

My wife checked with our bank - it will take up to 10 days for the $2000
check to clear.

I checked with Enterprise (the car hire people) last night and the total bill
will be about $1251  - I don't have this much left on my credit card, help!

I am really sorry about the hassle this is causing you, but I need some way
for Enron to pay directly for the car, that way I won't need the $2000 check.

Many thanks for your help

Tony


---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 12/27/2000
02:30 PM ---------------------------

Dawn C Kenne
12/27/2000 02:25 PM
To: Dat Truong/Corp/Enron@Enron, George Grant/HOU/ECT@ECT
cc: Torrey Moorer/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT
Subject: Hedges not linking to sitara deals

Dat and George, risk informed me of 2 additional sitara deals that are not
"linking" the hedges to the primary sitara deal.  Dat, can you please look
into this and let me know if this is a quick fix or not.  Risk is inquiring.
EOL #719279 and #713548 are the one's on question.

Tara and Torrey, what is happening is risk is not seeing a hedge attaching to
the sitara deal and manually booking the hedge.  But, the hedge is being
created, just not linked to the primary physical deal.

Jeff,  I will let you know when this is corrected.  Please advise your group
not to manually hedge the deals in sitara.  If in doubt if it is hedged, have
them type in the next number after the sitara number which should be the
hedge.  For example, the physical deal is 547092, the hedge will be 547093.
Let me know if you have any further questions.

Thanks,
Dawn
3-9353


We received the cash PSCC promised to pay.  As best we can determine they are paid in full and their financial positions are now expired.

Susan: Please note both "paid in full" and "expired" on the Demand Letter Log.

Maria: Please reclassify this CP as "expired" on our list.  When you rerun the Apr02-forward MTM this CP should show $0.  If not, let's investigate.

Thanks all.

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


Steve:

Attached please find a schedule that shows all the active HPL Inter-Company
Contracts that are recorded in the Global Contract System.  The dark shaded
contracts are needed to perform HPL's daily/monthly activities.    Each of
these have a comment.

The lightly shaded contracts had activity in Year 2000, but  will not be
needed for future activities.

The non- shaded contracts did not have any activity in Year 2000, and will
not be needed for future activities.

This schedule was compiled by using information provided by Cheryl Dudley,
Rita Wynne,  Daren Farmer, &   Clem's Expertise.

If you have any questions, please feel free to call any or all of us.

Thanks, Clem


Melba,

Per my e-mail, attached please find the new versions of the natural gas Spot
GTC - on with and one without credit.  Also attached is a new version of the
Firm GTC without credit.  There was a typo in the one I sent yesterday.  The
Firm GTC with credit that I sent yesterday does not have the typo.

Stacy


Yes.  And I'd be happy to call him and harass him.  Better yet, if Ken Lay's
willing to call him and harass him, that'd be better still.

Best,
Jeff

	Karen Denne
	04/02/2001 09:23 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Janel Guerrero/Corp/Enron@Enron, Paul Kaufman/PDX/ECT@ECT
		 Subject: Mike Peevey

Jeff/Janel/Paul -- I was just thinking about influential people to contact
our top 5 legislators plus Davis...  Besides the Silicon Valley CEOs, Mike
Peevey is pretty tight with and trusted by Davis.  When we met w/ Peevey, he
told us he was in agreement on direct access -- how about a call to him
asking him to weigh in w/ Davis.  Also, Peevey's wife is a freshman
assemblywoman (Carol Liu, I think).  So I think Peevey is a key influential.
What do you think? kd


Attached please find a draft of the above-mentioned memorandum for your
review.  Please contact me or David with any questions or comments.  Best
regards.

(See attached file: #518304 v1 - Memo to Jim Keller - November 7, 2000.doc)
 - #518304 v1 - Memo to Jim Keller - November 7, 2000.doc


Done

DG

	Kevin W Drachenberg
	08/03/2000 11:48 AM

To: Darron C Giron/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc: Audrey Cook/HOU/ECT@ECT
Subject: March, 2000 (ENA Buy from Peoples for El Paso - Spot on Midwestern)

Have you had a chance to look at this adjustment to $.1134?  Sitara still
shows .0556.
I'd like to include this adjustment on the 7/00 invoice I'm sending out
tomorrow.
Please let me know when updated.
Thanks,
Kevin
x3-0560

---------------------- Forwarded by Kevin W Drachenberg/HOU/ECT on 08/03/2000
11:31 AM ---------------------------

Audrey Cook
07/19/2000 02:10 PM
To: Darron C Giron/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc: Kevin W Drachenberg/HOU/ECT@ECT
Subject: March, 2000 (ENA Buy from Peoples for El Paso - Spot on Midwestern)

After reviewing the pipeline calculations, the pipeline commodity
reimbursement should be the following:

Commodity $.0594
Fuel  $.054 (Assuming GD Tenn/500 = $2.775 (Mar 15), and Tennessee Fuel % =
1.91%)
Total  $.1134

The commodity was adjusted to recover the Tennessee pipeline commodity costs
not Midwestern pipeline commodity ($.0594 vs. $.0016).  Let Kevin or myself
know if you have any questions.   Please let us know when this has been
completed.  Thanks.
ajc
---------------------- Forwarded by Audrey Cook/HOU/ECT on 07/19/2000 02:02
PM ---------------------------

Audrey Cook
03/16/2000 05:56 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: March, 2000 (ENA Buy from Peoples for El Paso - Spot on Midwestern)

Darron,
Please update Sitara #127427 for the fuel for 3/15/2000:

Commodity $.0016
Fuel  $.054 (Assuming GD Tenn/500 = $2.775 (Mar 15), and Tennessee Fuel % =
1.91%)
Total  $.0556

Please let me know when this has been completed so I can redraft.

Thanks a bunch,
ajc


Awesome!  Tell Brother Dick that we're thinking about the camping deal--he's
macho enough to groove on that.  Bummer about your dog rule--I was looking
forward to sneezing all night.  DF

"Loon, Douglas" <DLoon@USChamber.com> on 09/08/2000 09:30:19 AM
To: "'Drew.Fossum@enron.com'" <Drew.Fossum@enron.com>
cc:

Subject: RE: Oct. Hunt

Dick and I are in for Saturday and likely Sunday.? My guess is we'll stay
over for the fish... fry.? And, no you cannot sleep with my dog.

I have inquiries out to two other guys.? Let me know if you get short,
because I can scare up other prospects.

-----Original Message-----
From:?? Drew.Fossum@enron.com [SMTP:Drew.Fossum@enron.com]
Sent:?? Thursday, September 07, 2000 5:20 PM
To:???? Tony@Digitrain.com; Frank.Bay@EnronCommunications.enron.net;
John.Dushinske@enron.com; dhooker@utilicorp.com; rlfossum@mato.com;
DLoon@USChamber.com

Subject:??????? Oct. Hunt

Here's the deal--I just talked to my guy out in Kennebec S.D. and got a
glowing report on the situation.? His opening day group is down to 6 guys
so he is only giving them access to half of his fields--we get first shot
at the rest.? He's got so many pheasants he's worried about us limiting out
to fast and getting mad.??? I assured him that the way we all shoot that
wouldn't be a problem.
When:? Friday-Sunday, Oct. 27-29.
Where:? Kenebec S.D.? (about 2 hours east of Rapid City, about 5 hours from
Omaha)
$$:?????? $75 per guy per day if we have at least 8 guys.?? If we dwindle
to less than 8, its $100 per guy.? (he will cut us some slack on this if
some of you can only hunt 2 days.)
Fish:? Walleye fish fry on Sat. PM included
Lodging :? Super 8 in Chamberlain--about 30 miles away if the weather is
cold, possible camping in Kennebec if people are up for it.? Super 8 is a
lovely place:? motto is "Labs sleep free."? $100 per night, 4 guys per
room+ $25/head/night.

So far, I think we've got 5 or 6 guys locked in solid. Another 6 or 8 have
been invited but are obtaining spousal consent.?? I'd like to get 10 locked
in solid by end of Sept.? More than that would make the hunting a little
clumsy.? Bay, my wife says you can't come because your new kid is due
around this time.? What a lame excuse!!? You were there for the first 4,
right?? Doesn't a guy deserve a bye eventually?? If you guys have anyone
else that's interested other than the folks that have already been invited,
let me know as we may want to invite a few more just to make sure we have
around 10.? Talk to you.? DF


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Shirley,

Did we renew it?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001
03:31 PM ---------------------------

Institutional Investor Journals <webinfo@iijournals.com> on 04/19/2001
11:03:59 AM
To: "vkamins@enron.com" <vkamins@enron.com>
cc:
Subject: Continue Enjoying IIJournals -- Renew Today!

Dear Vince Kaminski,

We hope you are enjoying the benefits of receiving market-leading, rigorous
and current research from industry experts through your subscription to
DERIVATIVES QUARTERLY.

Unfortunately, your subscription is about to expire!  By renewing now, your
access to the web site and to your print copies will be uninterrupted.

You can continue to get the exclusive research and practical advice for
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Akasha:
I would reword the first sentence as follows:

In response to your e-mail dated March 21st and based on all of the
information that we have received from you thus far which essentially has
only demonstrated that the debt of our Reference Entity's affiliates has been
repudiated, we still lack proof of the repudiation by our Reference Entity
(and the guarantor of such debt) of its obligations under the Guaranty that
supports such debt.  Please provide us such information to demonstrate that a
Credit Event has occurred.

I will be out of the office tomorrow but will be checking my voice mail.  If
you need to consult with someone right away, please contact Sara Shackleton
who is familiar with this deal.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Akasha R Bibb@ENRON
	03/22/2001 12:39 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject:

Carol, can you check the note below.
Thanks
Akasha

In response to your email dated March 21st, you have not proven whereby the
guarantor( ie. the reference entity) has repudiated its obligations under the
guarantee for the obligations mentioned in the documents sent to us, in your
notice of Publicly Available Information..

We are still awaiting a copy of the Prospectus for the ISIN XS0109296011
US$22.4MM floating rate notes due 2000 and a copy of the guarantee.  Again,
we do not believe a Credit Event has yet ocurred.

Regards,