Thanks to all of you, Enron North America has had an outstanding year in
2000.  Some of the more notable accomplishments include:
a) 100% plus increase in EBIT from 1999 actuals to 2000 forecast;
b) significant rationalization of the balance sheet including the sale of the
(i) Wind River/Powder River gathering assets, (ii) East Coast Power
generating assets, (iii) HPL and (iv) five of the six Eastern Peakers;
c) ENA is the leading energy merchant by a factor of two;
d) physical electricity volume grew by 34% YTD 1999 to YTD 2000 forecast;
e) natural gas volumes grew by 82% YTD 1999 to YTD 2000 forecast;
f) 500% growth in daily transactions from November 1999 to November 2000 due
to the highly successful Enron OnLine distribution channel; and
g) ENA reaching its 25% ROCE target.

These are truly outstanding accomplishments and our expectations for growth
and opportunity in Enron North America for 2001 are consistent with that
success.  In order to reach these goals, we felt it necessary to re-align a
number of our organizations. A number of these changes are completed.  The
goals of such re-alignment include:
a) increase overall productivity with the goal to ensure that every employee
is in a position to contribute regardless of skill set;
b) increase overall market coverage, deal flow and information generation
with the goal to increase bid/offer income, increase the velocity of deal
flow, improve customer coverage and promote quality information transfer to
our trading organization;
c) increase deal quality and earnings quality with the goal to (i) allocate
our resources towards the best transactions and (ii) significantly increase
our &mid-market8 originated transactions in our portfolio;
d) promote real time decision making and a closer tie between our trading and
origination (mid-market and structured) organizations in order to better
align those functions to reduce the amount of un-productive internal focus;
e) increase the overall velocity of the capital being utilized consistent
with our goal of a 25% plus return on capital employed; and
f) identify and recognize a host of new leaders in the organization that are
critical to meeting our goals next year.

With these objectives in mind, patterned after the successful business models
in Calgary and Portland, effective immediately the following changes are
being implemented:
a) East Power ) a single East Power Team incorporating trading, mid-market
and origination will be formed under the co-leadership of Kevin Presto and
Janet Dietrich who will report to the Enron Americas - Office of the Chairman
(EA OOC).  This team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions.  Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern power markets. The team will be responsible for covering the IOU,s,
muni,s/co-ops, industrials and IPP,s and will utilize all ENA,s product
capabilities including the power commodity, assets and capital. The team will
further be broken down into several key strategic regions and business units
including:
  (i) ERCOT ) managed by Doug Gilbert Smith and Bruce Sukaly;
  (ii) NE ) managed by Dana Davis and Jeff Ader;
  (iii) Midwest ) managed by Fletch Sturm and Ed Baughman;
  (iv) SE ) managed by Rogers Herndon and Ozzie Pagan;
  (v) East Power Development ) managed by Ben Jacoby;
  (vi) East Power Structuring  - managed by Bernie Aucoin; and
  (vii) East Power Fundamentals and the &Genco8 ) managed by Lloyd Will

b) West Power ) there will be no changes to the Portland office which is
managed by Tim Belden and Chris Calger .  Both Tim and Chris will continue to
report to the EA OOC.
c) Canada and Mexico ) there will be no changes to the Canadian or Mexican
offices which are managed by Rob Milnthorp and Max Yzaguirre respectively.
Both Rob and Max will continue to report to the EA OOC.
d) U.S. Natural Gas ) there are several changes anticipated in this business
consistent with the goals and objectives described above. The changes
primarily affect the East, Central, West and Texas gas regions. Each region
will consist of a single gas team incorporating trading, mid-market and
origination. Each team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions. Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern, Western, Central and Texas gas markets.  The team will be
responsible for covering the LDC,s, muni,s/co-ops, industrials, IOU,s, IPP,s
and the producers.  There will be an increasing focus on the upstream side of
the business including the producers, transporters and storage providers in
addition to market area opportunities. The team will utilize all of ENA,s
product capabilities including the gas commodity, assets and capital. Each of
these groups will report directly to the EA OOC;
East Gas ) a single East Gas Team incorporating trading, mid-market and
origination will be formed under the co-leadership of Scott Neal and Frank
Vickers who will be returning from Portland to join this team.
West Gas  ) in a similar manner, a West Gas Team will be formed co-managed by
Phillip Allen and Barry Tycholiz, who will be joining us in Houston from the
Canadian team. The Denver office under Mark Whitt will be integrated under
this team.
Central Gas )  in a similar manner, a Central Gas Team will be formed
co-managed by Hunter Shively and Laura Luce. The Chicago office will be
integrated into this team.
Texas Gas ) the Texas Gas Team will be managed by Tom Martin. This team will
continue to manage the gas trading business around HPL until the pending sale
is concluded in Q2 2001.  After the sale of HPL, this team will build a Texas
gas business without ownership of the HPL assets.
Financial ) this group will continue to be managed by John Arnold with no
significant changes.
Derivatives ) this group, lead by Fred Lagrasta, will offer derivative and
financial mid-market products and services to the natural gas market
specifically targeting CFO,s and treasury departments.  Fred will continue to
maintain certain existing mid-market accounts with a number of producer and
industrial accounts where relationships are well formed. Otherwise,
mid-market coverage will gravitate to the regions. The New York office gas
marketing efforts will continue to be managed by Fred.
Upstream Products ) this group, lead by Jean Mrha, will develop several
distinct product offerings for the upstream segment of the gas market.  This
group will develop and market the product in conjunction with the regions.
This is consistent with our desire to have a broader product offering and
greater market penetration in the upstream segment.  These products include
producer outsourcing, similar to our successful Petro-Canada and Suncor
relationships in Canada, physical storage re-engineering, compressor
services, wellhead liquidity products and offshore asset and capital
products.  In addition, Jean will manage our Bridgeline joint venture with
Texaco.
Gas Structuring ) this group will be lead by Ed McMichael, reporting to Frank
Vickers, will provide structuring and deal support to all the gas teams.
Gas Fundamentals ) this group will be lead by Chris Gaskill, reporting to
Hunter Shively, will provide fundamentals to all the gas teams.

Julie Gomez will continue to support the gas floor through several identified
projects including long-term supply/demand analysis and, natural gas
transportation capacity trading opportunities.

There is an expectation of some customer overlap between the gas and power
groups; for example, the combination utilities and the IPP,s.  The teams will
coordinate with regard to the combination utilities like Con. Edison or
PG&E.  With regard to the IPP,s, to the extent that the product offering
involves an underlying power position, the power teams will manage. We have
asked Janet Dietrich to coordinate such overlaps between the two
organizations in Houston.

e) Technical/Restructuring - In the effort to consolidate and centralize our
technical resources (engineering, development, operations, pipeline) to
ensure that this skill base is available to all ENA groups and utilized
productively across the organization, Brian Redmond will form and manage the
Technical Services Group.  This group will manage ENA,s technical risks and
will provide, on a cost basis, technical services for the entire ENA
organization. This group will manage the interface with EE&CC and OEC.  In
addition, the Restructuring Group, currently managed by Dick Lydecker, will
report to Brian Redmond.  This group is currently monetizing a large portion
of the merchant investment portfolio given our current strategies.  This
group will have continuing responsibility to manage troubled commodity and
capital transactions that need considerable time and attention to manage risk
and monetize.

In addition to these responsibilities, Brian will manage the pending sale and
transition of the HPL asset over the next couple quarters as regulatory and
securities approvals are obtained in order to complete the sale.  Brian will
report to the EA OOC.

f) Principal Investing  )  with the departure of Jeff Donahue to new
opportunities in EBS, ENA,s venture capital function will be managed by
Michael L. Miller.  This group makes small investments in distributed
generation, power quality and technology companies that can benefit from
Enron,s distribution channels and expertise.  Michael will report to the EA
OOC.

g) Corporate Development ) Tim Detmering will assume the corporate
development responsibilities for ENA as Jeff transitions to his new role and
will report to the EA OOC.

h) Generation Investments ) there will be no changes to this group managed by
Dave Duran. Dave will continue to report to the EA OOC.

i) Energy Capital Resources ) there will be no changes to this group
currently lead by C. John Thompson and Scott Josey.  John and Scott will
continue to report to the EA OOC.

As a final note in the interest of keeping things simple, Enron Americas will
have two operating divisions  - Enron North America and Enron South America.
As a result, we will continue to conduct business under these two operating
companies; therefore, eliminating the need to change legal entities et al.
If you are currently a commercial employee of ENA or ESA you will continue to
conduct business in that company.

We look forward to another exciting year in the North American energy
market.  This is certainly a company unrivaled in the marketplace with the
most talented employees.  The opportunities are endless.  We wish you and
your family a very happy and safe holiday season.


Hi Mark-

Attached are the GTC's discussed in my preceding e-mail.

Best regards,

John
----- Forwarded by John Viverito/Corp/Enron on 08/16/2000 04:52 AM -----

	John Viverito
	08/15/2000 01:20 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Jonathan Whitehead/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: Weather Derivative GTC's with Enron Japan Corp. as Counterparty

Alan/David-

Attached hereto, are the GTC's with Enron Japan Corp. as counterparty for EOL
trading of Japanese weather derivative HDD swaps.  The US GTC's were utilized
as the basis of the documentation.  The GTC's have been tailored to the
Japanese market in conjunction with Baker & McKenzie, Tokyo.

Please review and provide comments prior to loading onto the EOL system.  I
note that September 1, 2000 is the date on which trading on this basis is
expected to begin.

Cheers,

John


Dear All,

                    Attached is the curve validation for the month of
November.  Do not hesitate to call with any questions you might have.

Regards,

 Maria Teresa Aguilera-Peon


_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

David: Here are my comments re the Agency Agreement draft sent last week:
(1) Section 1.27. I would suggest replacing "in Peoples' sole discretion"
with "in accordance with Sections 6.1 and 6.2". This is more consistent
with the intent re changes to the Operating Statement. (2) Section 2.4.
Each one of the new provisions re nominations, (a) 1,2, and 3, ends with a
similar sentence: "Peoples will confirm these requests as soon as
practicable prior to such nimination deadline and shall enter any
nominations necessary by such nomination deadline." Should this be more
specific, perhaps something like : "Peoples will confirm acceptance of
these requests as soon as practicable prior to the nomination deadlione and
shall schedule such nominations prior to the dealdine."? (The wording for
no. 3 is similar to 1 and 2.)   (3) Section 2.9 (ii) From a regulatory
perspective, I prefer the bracketed language. As I noted regarding the last
draft, a regulator would be concerned with an agreement commiting only to
"commercially reasonable efforts" re compliance with the GTC, or a Law or
Judgment. (4) Section 2.10. There is a typo in the second line from the
bottom of 8, it's "remains" unpaid, not "remain". (note that this concept
of a Peoples credit policy is consistent with Peoples' rights re denial of
serivice under Section 8.2 of the GTC, which allows Peoples to refuse
service based on a credit analysis.) (5) Section 5.1. At the time of the
last draft, we discussed an additional representation for Peoples that "it
has provided MEH with a copy of the G&TC in effect as of the Effective
Date". This could inserted in 5.1 as (d), with a relettering of current d
and e. (6) Section 7.2 I don't think the second to last sentence will work.
This says that, if Peoples rejects an offered Extended Hub Transactions or
doesn't timely accept, it can't enter into a similar transaction with the
party involved for 6 months. The problem with this is that Peoples must
provided Hub Service under the GTC, except when a ground for refusal stated
in Section 8.2 of the GTC applies. The circumstances described in 7.2 are
not a legitimate ground for refusal. I beleive, however, that we get to the
same place if 7.2 were modified to require that Peoples pay MEH its
percentage of Cumulative Net Revenues in the event that a transaction
similar to one previously rejected for the same party is accepted within 6
mos. after termination of the Agency Agreement.  (7) Section 8.3.  Item
(vi) of the list of functions could be expanded to state: "assisting in the
pareparation and filing of requests for Governmental Approval in accordance
with Section 10.1 and/or the preparation of FERC reports that are required
in the ordinary course of business and not specifically requested by FERC."
I wan't sure of the intent re the last phrase of this. Does this mean that
if a Report is specifically requested by FERC, MEH would be paid separetly
for work on the Report? I would have thought that routine review of
regulatory filings and work on reports might all fall into the category
covered by the $50,000 payment, regardless of whether a particular report
is requested. Please let me know if you have questions. Thanks


Brian,

I did not see a change on the Wheeler Ridge capacity issue that was put
forth earlier.  Several parties supported the change including Calpine, SCE,
WHP and WGS and no opposition was voiced.  It is my understanding that PG&E
will not sign on to the Settlement even if this change is made but will
agree not to oppose (this issue and many others).  Not only does the change
itself make sense but there is a lot of value in not having another front to
do battle on in the hearing process.  Is SoCalGas opposed to this change?
And if so, why?

Thanks

Craig

> -----Original Message-----
> From: Cherry, Brian - TPBKC [SMTP:BCherry@sempra.com]
> Sent: Friday, April 28, 2000 7:46 AM
> To: 'AlexanMS@sce.com'; 'paulamirault@aec.ca';
> 'david.bayless@utility.com'; 'Tomb@crossborderenergy.com';
> 'Burkee@cts.com'; 'Craigc@calpine.com'; 'Rick.Counihan@greenmountain.com';
> 'Jdasovic@enron.com'; 'Mday@gmssr.com'; 'bdingwall@unitedgas.com';
> 'Douglass@arterhadden.com'; 'eke@aelaw.com'; 'Jfawcet@enron.com';
> 'rfoss@coral-energy.com'; 'plg@cpuc.ca.gov'; 'johnj@bcjlaw.com';
> 'Johnson_Pamela@lacoe.edu'; 'karpjos@sf.whitecase.com';
> 'jleslie@luce.com'; 'kmccrea@sablaw.com'; 'jmpa@dynegy.com';
> 'rmp@cpuc.ca.gov'; 'porterdk@sce.com'; 'RochmanM@cubjpa.org';
> 'RochmanM@spurr.org'; 'susan.scott@enron.com'; Beamish, Richard - TPRMB;
> Betonte, Robert - TP2RSB; Brill, Thomas R.; Cotton, Gary; Davis, Robert
> E.; Davis, Steven D.; Fair, Pam; Follett, B. David - TPDBF; Fong, Ed;
> Freeman, Kimberly; Gaines, Mark - TPMFG; Harrigan, James P. - TP1JPH; Hay,
> James E.; Hubbard, Lisa J.; Lorenz, Lad - TPLPL; McVay, Nancy W - TPNWM;
> Morrow, Rick - TP3RMM; Purves, Ralph A.; Rawlings, Roy - TP4RMR; Reed,
> Debra L. - TP3DLR; Reed, William; Sakarias, Wayne P.; Schavrien, Lee;
> Smith, Anne S. -  TPASS; Stewart, Lee M. - TP4LMS; Sullivan, Glen J.;
> Surak, Thomas M. - TP1TMS; Suwara, J.- TPJUS; Takemura, Earl - TPEKT;
> Teeter, James S.; Van Lierop, Jan - TP2JXV; Watson, Steven - TP2SAW;
> Wright, Gillian - TP1GXW; Cherry, Brian - TPBKC; Barker, David - TPDTB;
> 'How-Downing, Lindsey'; 'Jun, Christine'; 'Gileau, Pat'; 'Khoury, Dexter'
> Cc: Cherry, Brian - TPBKC; Sullivan, Glen J.; Watson, Steven - TP2SAW;
> Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN
> Subject: FW: GIR
>
> FYI.  The attached documents contain the errata we expect to file with the
> Commission later today.  As you can see, the changes are not substantive.
>
> -----Original Message-----
> From:   Sullivan, Glen J.
> Sent:   Thursday, April 27, 2000 5:58 PM
> To:     Cherry, Brian - TPBKC
> Subject:        GIR
>
> <<ld2d-#69954-1.DOC>> <<ld2d-#69955-1.DOC>>
>
> Here's the draft errata filing (plus adding 2 new parties) for tomorrow.
> Can you circulate?  -- Glen
>  << File: ld2d-#69954-1.DOC >>  << File: ld2d-#69955-1.DOC >>


NOTE:  CONFERENCE ROOM CHANGE   EB2831

	From:  Rita Hennessy                           12/07/2000 01:39 PM

To: Matthew Adams/Corp/Enron@ENRON, Naveen Andrews/Corp/Enron@ENRON, Debbie R
Brackett/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON,
Minal Dalia/HOU/EES@EES, LaCrecia Davenport/Corp/Enron@Enron, Frank
Economou/NA/Enron@Enron, Xochitl Figueroa/NA/Enron@Enron, Vladimir
Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron, Andy
Knight/Corp/Enron@ENRON, Christian LeBroc/Corp/Enron@ENRON, Ted
Murphy/HOU/ECT@ECT, Nick Paraschos/Corp/Enron@ENRON, Rebecca
Phillips/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON, Monica
Reasoner/HOU/ECT@ECT, Manfred Roenz/Corp/Enron@Enron, Darin
Schmidt/NA/Enron@ENRON, Cassandra Schultz/NA/Enron@Enron, Jason
Sokolov/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Veronica Valdez/HOU/ECT@ECT,
Rudi Zipter/HOU/ECT@ECT, Ding Yuan/Corp/Enron@Enron
cc: Karen K Heathman/HOU/ECT@ECT, Araceli Romero/NA/Enron@Enron, Dorothy
Youngblood/HOU/ECT@ECT, Denise Naiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
Pam Metoyer/HOU/ECT@ECT, Emy Geraldo/NA/Enron@ENRON

Subject: Extreme Value

Please mark your calendars with the following presentation:

Topic:  Extreme Value VaR
Date:  Wednesday, December 13th
Time:  9:30am - 10:30am
Location: EB2868
Presenter: Naveen Andrews

Thanks,
Rita
33075


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Will you please get me access to manage the SJ physical product? I would like
to link it for prompt month information.

Thanks,
Mike


Stinson,

Can you go to this meeting?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
04:17 PM ---------------------------

	From:  Kay Chapman                           10/18/2000 04:07 PM

To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Wes
Colwell/HOU/ECT@ECT, Mark Frank/HOU/ECT@ECT, Sarah Brown/HOU/ECT@ECT, Tammy R
Shepperd/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT,
David Oxley/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Eric Thode/Corp/Enron@ENRON, Scott
Tholan/Corp/Enron@Enron
cc: Kay Chapman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Shirley
Tijerina/Corp/Enron@ENRON, Jennifer Reed/HOU/ECT@ECT, Beverly
Stephens/Corp/Enron@Enron, Patti Thompson/HOU/ECT@ECT, Janette
Elbertson/HOU/ECT@ECT, Renee Anderson/NA/Enron@Enron, Shirley
Crenshaw/HOU/ECT@ECT, Sharon Purswell/HOU/ECT@ECT
Subject: Plan 2001 Review - Commercial Support

This is to confirm the following meeting:

 Date:  October 19, 2000
   Thursday

 Time:  9:00 - 11:00 am

 Location: Conf 3321

 Topic:  Plan 2001 Review - Commercial Support

Please mark your calendar and and if you have any question, please feel free
to call me.(Kay @ 853-0643)

Thanks,

Kay


Of course. Please bring her along.

DJ

__________________________________________________
Do You Yahoo!?
Yahoo! Greetings - Send FREE e-cards for every occasion!
http://greetings.yahoo.com


Julie Pickard <JPickard@softrax.com> on 10/24/2000 05:16:08 PM
To:
cc: SOFTRAX Mkting <Marketing@softrax.com>, Scott Schults
<SSchults@Softrax.com>, Wes Reuning <WReuning@Softrax.com>, Greta Krupetsky
<GKrupetsky@softrax.com>, "Robert O'Connor" <ROConnor@Softrax.com>, "Sue
O'Leary" <SOLeary@Softrax.com>
Subject: Revenue Recognition Seminar and Cocktail Reception Invitation fro m
SOFTRAX

 If you wish to be removed from this mailing list  - please reply and
type the word "remove" in the subject line.

 SOFTRAX Corporation is pleased to invite you to a Financial
Roundtable discussion on Revenue Recognition.  This seminar is free of
charge.

 Seats are limited, so if you are interested, please contact Julie
Pickard (jpickard@softrax.com) to indicate that you will be attending no
later than Monday November 6, 2000.  We look forward to seeing you!  Please
include your full name, company name, title, email address and phone number.

 Issues in Accounting for Software and Internet Activities
 Sponsored by: SOFTRAX Corporation

 Presenter:     Ashwinpaul C. Sondhi, PhD
 When:     Wednesday, November 15, 2000; 3:00
PM-5:30 PM
       Cocktail Reception
to follow 5:30 PM - 7:00 PM
 Where:      Omni Austin Hotel, 700 San
Jacinto at 8th Street, Austin, TX 78701.  512.476.3700
       Seminar is held in
the Congress Room
       Reception is held in
the Chambers Room

 Who Should Attend: Controllers, CFO's, CPA's, VC's, and those
charged with any aspect of financial reporting for companies

 RSVP:     Jpickard@softrax.com   (by Monday
November 6, 2000)

 In this discussion you will learn the latest about:

* EITF 00-3: Application of AICPA SOP 97-2 to Arrangements that
Include the Right to Use Software stored on Another Entity's Hardware.
* EITF 99-17: Accounting for Advertising Barter Transactions
* EITF 00-2: Accounting for Web Site Development Costs
*  Revenue recognition
*  Recognition of ad revenue with "hits"
*  "impression" guarantees
*  Transparency of deferral
*  Reporting for barter transactions
*  Classification of expenses between operating
*  categories and segment reporting
*  AICPA Technical Practice Aid on rebates and heavily
* discounted introductory offers, plus models to determine how much
this
* practice really costs
*  Deferred revenue and sales growth
*  Handling cost of service outages
*  An update on pooling

 About the Speaker:
 Ashwinpaul (Tony) C. Sondhi, PhD received his PhD in Accounting and
Economics/Management Science in 1985 from New York University. His research
has been published in several accounting and finance journals.

 Mr. Sondhi is co-author of:
  * The Analysis of Financial Statements, 1998
  * Impairments and Write-offs of Long-Lived Assets
  * CFA Readings in Financial Statement Analysis

 He has also edited:
  * Credit Analysis of Nontraditional Debt Securities
  * Off-Balance Sheet Financing Techniques

 Sondhi is a member of the Financial Accounting Policy Committee of
the AIMR and has served on the committee of the AICPA, the FASB, and the
International Accounting Standards Committee.  He was an advisor to the FASB
on its project comparing U.S. and International Financial Reporting
Standards.  He taught at New York University, Columbia University and at
Georgetown.  He is currently a Visiting Professor at Stockholm University,
Sweden and Copenhagen Business School, Denmark.
 Sondhi serves on the board of directors of two mutual funds and is
an advisor to several US and Foreign companies.  His consulting activities
include valuation, comparative analysis of financing and capital structure
alternatives, creation and operation of finance, securitization,
intellectual property, and investment subsidiaries, analysis of covenants
and development of debt agreements.


Also pigs, could you bring some cokes?  We are out for my dad.  Maybe a sprite for my mom.  Love you!
--
Angelica Paez <ampaez@earthlink.net>
From: John.Griffith@enron.com
Date: Wed, 16 Jan 2002 10:22:33 -0600
To: ampaez@earthlink.net
Subject: RE:
That sounds great I will go by.  Also, Marvin's phone is not working.  I
can't get in touch with him.  do you have any suggestions?
Love You
The Pigs
-----Original Message-----
  From:   Angelica Paez <ampaez@earthlink.net>@ENRON
  Sent:   Wednesday, January 16, 2002 9:16 AM
  To:     Griffith, John
  Subject:  Re:
  Hi Pigs.  You can if you want.  How about sandwiches from the ham place
  on West gray?  Both of my parents like ham, american cheese, mayo,
  lettuce, tomatoe, and ONIONS!  What do you think of getting lunch there?
  Love you!
  --
  Angelica Paez <ampaez@earthlink.net>
  From: "Griffith, John" <John.Griffith@ENRON.com>
  Date: Wed, 16 Jan 2002 10:03:05 -0600
  To: <ampaez@earthlink.net>
  Hey sugar, do you want me to bring some lunch home with me for you and
  the crazies?  I love you.
  The Pigs
  **********************************************************************
  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.
  **********************************************************************


Last ETA from Travis' request is attached below.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/30/2000 04:00 PM
---------------------------

Justin Timothy@ENRON_DEVELOPMENT
10/30/2000 04:42 PM
To: Lisa Lees@ECT
cc:
Subject: ETA

Lisa,

As requested.

Justin
---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on
31/10/2000 09:42 AM ---------------------------

Alison Keogh
31/10/2000 09:39 AM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: ETA

Alison Keogh
Legal Assistant

Enron Australia Pty Ltd
Ph: 612 9229 2316
Fx: 612 9229 2350


Wow--softball questions.  Two thoughts:  1, should we be gentler on the "lack
of takeaway capacity" issue?  Steve would know how to play this given Socal's
position.  2,  Did McKinsey check with Enron before taking this assignment
from Cal?  The lack of conflict of interest rules in the consultant world
never ceases to amaze me.  That being said, McKinsey is probably the best
outfit we could hope for to take this investigation over for Cal.  I'd like
to be on the call to be sure our script for FERC on the neg. rate deals
dovetails with what we tell these guys.  Let me know when the call will be.
We may know what the TW FERC order says before this conversation with
McKinsey happens so lets talk again before the call.  Thanks.  df

From: Shelley Corman/ENRON@enronXgate on 03/23/2001 12:13 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON
cc:

Subject: CEC Interviews

McKinsey & Co. has been engaged by the State of California to evaluate
conditions in the gas market to California.  A Mckinsey representative,
together with a CEC staffer, asked to interview TW next Wednesday, Mar 28
(time TBD).  I checked with Steve Kean & he encouraged us to proceed (albeit
with some caution knowing California's great desire to shift blame).

McKinsey forwarded the attached list of questions.  You'll see that they are
very general & policy oriented.  I have taken a stab at filling in proposed
answers.

I'd be happy to field the call (together with Steve Harris if he is
available).  Let me know if you have feedback and/or prefer to handle the
call yourself.


Mark,  Attached are the letter agreement and Purchase and Sale Agreement.
Please review.  Note there is a blank date in the letter agreement which
needs to be provided.  If OK I will forward to TW.


Am I supposed to do anything here?
----- Forwarded by Tana Jones/HOU/ECT on 06/23/2000 04:53 PM -----

	Stephen H Douglas
	05/31/2000 12:23 PM

		 To: pwright@llgm.com, Lou Stoler/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Morris Richard Clark/HOU/ECT@ECT
		 cc: Jordan Mintz/HOU/ECT@ECT
		 Subject: Language for the Confirmation

Below is slightly revised language to be included in the ISDA agreement being
entered into in connection with the EEX transaction.  Not having the
transaction documentation to review in connection with this clause, I have
bracketed several portions of the clause to be filled in as dictated by such
documentation.  Please call with any follow up.  Steve.
---------------------- Forwarded by Stephen H Douglas/HOU/ECT on 05/31/2000
01:12 PM ---------------------------

Morris Richard Clark
05/30/2000 07:24 PM
To: Tana Jones/HOU/ECT@ECT
cc: Stephen H Douglas/HOU/ECT@ECT
Subject: Language for the Confirmation

Tana,

The language in the Schedule should reflect what is in our Form#3, whereby
"Enron Re:" is the U.S. entity and "Swiss RE - EFR" is a Barbados entity.
Also, the tax form requested should be a W-8.

In addition, the following language should be added to the confirmation:

United States Federal Income Tax Characterization and Reporting.  The parties
recognize and intend that, for United States federal income tax purposes, any
payment by [Enron Re] of the [Floating - this assumes that Enron Re is paying
such amount] Amount will be treated as a payment pursuant to a guaranty by
[Enron Re][of the obligations of Bob West Treasure, LLC to make payments
pursuant to Section ___ of the [underlying Financing Agreement between Bob
West Treasure and Royal Bank of Canada - this needs to be clarifed - is the
payment related to the RBC loan or the insurance payment by EFR?  If it is
the RBC loan then this clause is appropriate but if, alternatively, it is the
EFR insurance payment, then the reference needs to be changed accordingly.]]
The parties agree that to the extent either of the parties is required to
report any item of income, gain, loss, deduction or credit relating to the
Transaction for United States federal income tax purposes, such party shall
report such item consistent with the characterization set forth above and
shall not take any position on any tax return or report relating to United
States federal income taxes which is inconsistent with such
characterization.  The parties recognize that the manner in which they have
agreed to characterize the Transaction for United States federal income tax
purposes may be different from the manner in which the Transaction is
characterized for non-United States federal income tax purposes and for
accounting, regulatory or other purposes.  The provisions of this Section are
not intended to affect the manner in which the parties report the Transaction
for such other purposes, or the interpretation of the provisions of the
Confirmation and the rights and obligations of the Parties arising hereunder,
for any purposes.


Attached please find the Hours Survey and Instructions for the month of June,
2000.

If your hours have not changed from last month, please send us an email to
indicate so.

If the survey does not contain an activity that your team spends time on,
PLEASE DO NOT TYPE ANY ACTIVITIES IN THE SURVEY.  Contact Jennifer Reside at
#35971 to discuss how to proceed.

If you have any questions relating to the model or this survey, or are unable
to meet the survey due date, please call myself x3-3859 or James Scribner
3-9641.

Regards,
Shari


Kathy,

Attached for your review, is a draft of a Master Firm Purchase/Sale Agreement
between Cargill, Incorporated and Enron North America Corp.  Please do not
hesitate to give me a call with your questions and or comments regarding this
matter.

Regards,
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


Hello Ryan,

	My name is Garrett Stephenson and I am a executive recruiter in the Houston area. I currently have a few opportunities available in ERCOT and WSCC trading and was wondering if you would be interested in looking at these opportunities or if you knew someone that would.   Please let me know a good phone number and time to contact you.   I am representing a great company who is offering great benefits, base, and 17% of the book back to the traders.

Thanks.

Garrett Stephenson
Kane & Associates
Phone : 713-977-3600
Mobile: 281-507-5627


FYI.  For meeting at 3:00.  Thanks. Lynn

 -----Original Message-----
From: 	Threet, Kay
Sent:	Thursday, October 18, 2001 10:50 AM
To:	Bodnar, Michael
Cc:	Blair, Lynn; Neville, Sue; Miller, Kent; Johanson, Tim
Subject:	Information Request for LS Power FDD Overrun Analysis

Mike,

Kent and Tim called me this morning and said that they have received a letter from LS Power requesting compensation for costs they feel they incurred to adjust their supply due to cuts on their FDD overrun.  Their analysis applies to the period June 1, 2001 to present.  Kent and Tim need data to perform an analysis that will be used to respond to LS Power's (USES) request.

Kent has requested the following for the period June 1 forward:

A list of days where at least one cycle was not allocated (in other words, if we allocated one or more cycles of a gas day, but not every cycle (regardless of which cycle was not allocated), they need an electronic list of those days.
 Electronic copies of each of your final month end sum sheets for June forward.

They want to answer the customer within a week, so they'll need this information at least by early next week.  Kent has requested that all of the information be sent to both him and Tim.

Thanks for your help!

Kay


Hey all,

Can I get a copy of the settlement bullets sent to FERC staff and indicated shippers.  Lynn, Darrell, Brad & I are working on ideas on how we could revised current posting and customer point/path/segment look-up capabilities and are interested in learning whether our revised capacity procedures are any more specific than in the earlier draft we looked at.


do surf shops rent wet suits?  you think i can rent one from live water?


when?  and if I needed a ride up there, could I tag with you guys?

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, November 19, 2001 8:28 AM
To:	Ward, Kim S (Houston)
Subject:	RE:

yep

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, November 19, 2001 8:10 AM
To:	Arnold, John
Subject:

you (and Matt) going to dallas this week?


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 07/26/2000
04:25 PM ---------------------------
To: Mike Grigsby/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Matthew
Lenhart/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT
cc:

Subject: New Generation Update 7/24/00

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 07/26/2000
10:49 AM ---------------------------

	Enron North America Corp.

	From:  Kristian J Lande                           07/25/2000 02:24 PM

To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Jeff G
Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tim Belden/HOU/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Sean Crandall/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Tom
Alonso/PDX/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT
cc: Phillip K Allen/HOU/ECT@ECT
Subject: New Generation Update 7/24/00


Negotiations between Governor Davis and California utilities may be faltering:

Negotiations between Governor Gray Davis and California's three major utilities appear to be taking a significant turn.  Sources report that the proposal by Governor Davis that was splashed in the press this morning is reported to have been rejected by PG&E, and SoCal Ed.  The proposal to purchase debt ridden utilities' transmission lines was outlined in SB33x

The Governor is expected to revise SB33X and approach the utilities with the following new terms:

		1)  Raise the states transmission pruchase bid from $3.5 billion to roughly $6 billion

		2)  Finance a $9 to $12 billion payment for the utilities' under-collected debt to generators

		3)   Allow the utilities to issue 15 year bonds to repay the state, resulting in surcharges on consumer utility bills.

Consumer groups led by Harvey Rosenfield could provide strong opposition to Davis' plan and it is possible Rosenfield could launch a referendum to kill the bill.

Davis is scheduled to give a press conference today and 2:00 pm (Pac. Time) to comment on negotiations.


more...
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/29/2000 10:17
AM ---------------------------
From: Brian Kerrigan@ECT on 08/29/2000 10:16 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: VEPCO contact list

Brian Kerrigan
tel :   713-853-9849
fax :  713-646-3602
email :   brian.kerrigan@enron.com
location :  EB 2879

To: Reagan Rorschach/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT, Terri Austin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
nwodka@bracepatt.com, Lloyd Will/HOU/ECT@ECT, Larry Soderquist/HOU/ECT@ECT,
Matthew F Gockerman/HOU/ECT@ECT, Chris Herron/Corp/Enron@Enron, Mitch
Robinson/Corp/Enron@Enron, Gautam Gupta/HOU/ECT@ECT, Brian
Kerrigan/HOU/ECT@ECT
cc: Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT, Jeffrey
Keenan/HOU/ECT@ECT, Tom Chapman/HOU/ECT@ECT, Herman Manis/Corp/Enron@ENRON
Subject: VEPCO contact list

I'm going to have an updated contact list prepared.  Please email me with
your telephone, location, email address, and cell phone number, if desired.

Please let me know who should be added to this list.

If you are receiving this vis a cc, I have your information.

Thanks,

Kay


I hope you had a great weekend!  Thanks so much for the clothes.  They fit great. Can Claire come over Thursday after school.  I can have Georgina pick them up at 12:00.

Tracy


Awais,

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

When can I expect the remaining descriptions?


help is on the way.  We are going to establish some senior executive
oversight as well as an executive director (probably someone who came through
the program).  Charlene is going to be moving into a commercial role (which
was the original plan when she was brought into the organization).  I'd be
happy to talk to you in more detail when I get back to Houston.

	Jeffrey A Shankman@ECT
	02/26/2001 10:21 AM

		 To: Jeff Skilling/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject:

Hi guys.

I wanted to let you know that I am extremely concerned about the
Associate/Analyst program, so much so that I feel all the work I have done,
and all the time I have spent on the program has had little impact outside
Wharton/Penn recruiting.  In fact we won't get more than 1 associate from
Wharton this year for a variety of internal and external reasons.  This
program has brought incredible talent into the organization, but we have lost
a lot of momentum over the last two years.

In as much as I would like to continue to support the program, I can't  in
its current form, and don't have time to fix what I thought we had been
addressing.  The entire program is disfunctional, and the commercial teams
are not lending support to the program.  I'd be very happy to spend a few
minutes of your time (rather than blather on in an email) to give you both my
overview of the program, and suggest changes and improvements.

You know you have my support, but the current state of affairs down there has
gotten me to my rope's end with the program.


Updated questions and answers for Enron employees have just been posted to http://home.enron.com/updates/qa.html
We recognize that as active employees you have special concerns and questions related to Enron's bankruptcy filing.  We regret that we are not able to answer all of your questions as quickly as you deserve, but we are working to provide accurate responses to your most important questions about employee benefits, expense payments and so on.  We appreciate your patience as we continue to try to provide timely and reliable information to you.


Brad,

I was extreamly busy yesterday.  Sorry for answing your question till now.

Although I am not exactly sure how  the system handle gamma, this is what I
think the system is doing:

Curve shift = today's price - yesterady's price

P/L due to curve shift = today's market value using today's price curve (with
everything esle the same as yesterday's) - yesterday's market value using
yesterday's price curve.

So P/L due to curve shift contains both delta and gamma and higher order
terms.
We then use theoretical gamma (meaning option model gamma: 0.5*gamma * (price
change)2 ) for gamma contribution and?define delta = curve shift - theoretical gamma.??Therefore, the gamma may not be very accurate to explain the delta change, ?especially when you have big price change due to higher order contribution. ??Let me know your thoughts on this.???Best wishes,??Zimin?????????   Brad Horn                10/12/2000 07:11 AM??To: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT?cc: Vince J Kaminski/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Robert ?Shiring/HOU/ECT@ECT, Jay Knoblauh/HOU/ECT@ECT ?Subject: Option P&L??Gentleman:?        The ERMS system, as you know, has an excellent capability for ?decomposing option P&L into the following components:??new deals?curve shift?gamma?vega?theta?rho?drift?2nd order adjustments??What i dont understand is the gamma component which is reported in dollars.  ?The unit of measure suggests that incremental changes in a contract position ?is being associated with specific prices.  These prices are the effective buy ?or sell prices associated with the dynamic delta position.  ??Stated differently, the standard taylor expansion has incorporated a price ?variable in such a way as to convert the unit of measure from gamma's ?standard contract count to total gamma dolalrs.  This is something I dont ?understand.  To date, inquiries to the risk management accounting group has ?further revealed that the gamma component of P&L is not well understood.  ??This is what concerns me: Bridgeline has 2 books with option exposures (NYMEX ?and Gas Daily).  Both books dynamically hedged its positions during ?yesterdays large price move and, through anticipitory hedging in advance or ?during the large price move, secured sufficient coverage to neutralize ?expected changes in delta.  However, our P&L from our underlying position did ?not offset our gamma P&L.  Consequently, I have to ask WHY?  Im hoping that a ?brief look at the why gamma dollars are calculated may reveal something which ?will better guide our hedging decisions.??Any help is appreciated??


Attached please find the lists referenced above, except the list for 7/6/00.
which just has 1 declined counterparty on it.


We received the executed EEI Master Power Purchase and Sale Agreement dated 10/9/01 from the referenced CP.  A copy will be scanned into Livelink.


Jeff,
I am seeking your advice/assistance on an issue with PG&E at San Francisco
State University.  The attached message indicates that PG&E in unable to meet
our schedule requirements for the installation of meters on our generator
relocation project at SFSU.  We have been working since April to try and
ensure this problem would not occur.  PG&E has consistently either not
responded or been slow to respond.  When we did hear back from them, they
always assured us that there would be no problem, but they never made firm
committments in their responses.  Even now they are not providing firm dates.

The delays they are causing will create substantial customer satisfaction
problems, and subjects us to Liquidated Damages of $850 per day.

I have a call into Bob Kinert at PG&E to inform him of our mutual customer
satisfaction issue.  I am hoping he will be able to take action to improve
the schedule.  What steps do you reccommend if Bob is of little or no
assistance?

Thanks for your timely support.

Geoff
Geoff Pollard, PE
Account Manager
UC/CSU Program
Enron Energy Services
925-543-3763

-----Original Message-----
From: Larsen, John
Sent: Thursday, December 09, 1999 11:22 AM
To: Pollard, Geoff
Subject: FW: SFSU Cogen Relocation - Gas Metering

Geoff,
I guess now would be the time for you to implement your plan.
John E. Larsen
Enron Energy Services
12647 Alcosta Blvd., Suite 500
San Ramon, California 94583

925-543-3827
925-543-3550 FAX
john_larsen@enron.com

-----Original Message-----
From: "Feiling, Mark" <MAF0@pge.com <mailto:MAF0@pge.com>>@ENRON@EES
Sent: Thursday, December 09, 1999 4:55 PM
To: Larsen, John
Subject: RE: SFSU Cogen Relocation - Gas Metering

  John, I received a message from our gas planning department   that they
have not received approval from our general office, they expect it within
the next two weeks . Estimating still has the job and will release it as
soon as they get the word. I do not believe we will meet your date of
December 20th  it will be more like the 15th  of January. I apologize for
the delay we are working as fast as we can with the resources that we have.
        Thanks, Mark
----------
 From:  John Larsen[SMTP:John_Larsen@enron.com]
<mailto:[SMTP:John_Larsen@enron.com]>
 Sent:  Wednesday, November 03, 1999 11:20 AM
 To:  Feiling, Mark
 Subject:  RE: SFSU Cogen Relocation - Gas Metering
 Mark,
 We still have not received anything from you regarding the gas
metering
 engineering for the reinstallation of the Waukesha at the SFSU
Central Plant.
 Will the meter that you removed from Verducci be reused?
 Are you still scheduled for installation the week of November 14,
1999?
 Thanks Mark.
 John E. Larsen           925-543-3827
 Enron Energy Services West         925-543-3550 FAX
 12647 Alcosta Blvd.,  Suite 500          John_Larsen@enron.com
 San Ramon, California 94583
      -----Original Message-----
      From:   "Feiling, Mark" <MAF0@pge.com <mailto:MAF0@pge.com>>@ENRON@EES
      Sent:   Thursday, October 28, 1999 6:51 PM
      To:     Larsen, John
      Subject:  RE: SFSU Cogen Relocation - Gas Metering
 _


You're right.

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Wednesday, November 07, 2001 10:23 AM
To:	Hayslett, Rod
Subject:	RE: How are we doing & my issues mtg.

I thought this one was canceled. So I declined to get it off my calendar.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, November 06, 2001 5:44 PM
To:	Geaccone, Tracy
Subject:	RE: How are we doing & my issues mtg.

Why not?

 -----Original Appointment-----
From: 	Geaccone, Tracy
Sent:	Tuesday, November 06, 2001 5:11 PM
To:	Hayslett, Rod
Subject:	Declined: How are we doing & my issues mtg.
When:	Wednesday, November 07, 2001 8:30 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where:	EB49C2


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Date: Thu, 4 Oct 2001 11:33:12 -0700 (PDT)
From: Robert Boudet <rhb5@yahoo.com>
Subject: Triumph the insult dog
To: carlos.giron@psiusa.com, patrick.lewis@psiusa.com, mike.kotar@psiusa.com,  blatino@psiusa.com, Heather <hramsey@mbco.com>,  Chris Lopez <noaints@bellsouth.net>, Mamaluka <mamaluka@yahoogroups.com>,  Karena Surla <ksurla@protier.com>, Trent Griggs <trent_griggs@hotmail.com>,  Chad Adams <chadadams@bccw.net>, Joey Alphonse <jla70065@hotmail.com>,  ashley boudet <ashbou@hotmail.com>, Brandon Boudet <bcboudet@aol.com>,  "Bryan P. Boudet" <bpboudet@fbd.com>, eric bourg <ebourg@hotmail.com>,  BridgetDave <rickeyhtg@adelphia.net>, Robby Caston <rcaston@charter.net>,  Cris <DrewesPT@Hotmail.com>, Jay Doane <admin@uips.net>,  Greg Gagliano <gregorygag@home.com>, Troy Gagliano <troy.gagliano@ncsl.org>
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 - Part.001


Do you know if this has been addressed?

Stephanie Sever   03/27/2000 04:51 PM

To: Chris Germany/HOU/ECT@ECT
cc: Dana Daigle/Corp/Enron@ENRON, Jeff A Crook/HOU/ECT@ECT
Subject: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

Chris,

Per my phone message, please see below.

Thanks,
Stephanie x33465
---------------------- Forwarded by Stephanie Sever/HOU/ECT on 03/27/2000
04:50 PM ---------------------------

Jeff A Crook
03/27/2000 12:39 PM
To: Dana Daigle/Corp/Enron@ENRON
cc: Stephanie Sever/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT
Subject: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

Customer is short paying on deal 157848.  ENA billed 72,500 @ $2.76 and
customer is paying at rate of $2.649.  As per Dcaf and Sitara rate should be
IF-CGAS-Appalachia-MI which is equal ot $2.76.  Please confirm rate for this
deal.

Thank you,
Jeff


I think that I agree with the points and comments you folks raised in the
first echange on indemnities below, but don't have the document to refer
to. Scott, please drop by and brief me on these.  Cognizant Gov't? Never
heard of  the term, and itis not one of the usual defined terms. Don't know
how it's used here, suggest you decline andmake them clarify.

LOL ISSUES:
1. I suppose that this is a NY law contract. I  do not think you can
effectively limit your liability for gross negligence or wilful misconduct
in NY. Regardless of choice of law, we generally cannot get this limited
or excluded in contracts with owners, either.  I think you should not
accept any GE attempt to limit this by means of the cap on liability or
otherwise , and should avoid muddying the water on the point by taking any
"to the fullest extent permitted by law" clause or other  such stuff as a
compromise. It will be important every time we wrap the GE equipment.

2. Generally, I do not think they should be able to limit their indemnity
for Haz Mat, patents, etc.

3. They have consistently refused to clarify that the indemnity  for all
third party losses includes third party consequentials when Brian or
whoever else over here has been the lead negotiator with GE in the past. I
would like to think that we could get it clarified now that the larger
Enron is working it.  Please try it again if you can.

Scott Dieball
09/11/2000 07:29 PM

To:   Kay Mann/Corp/Enron@ENRON
cc:   Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT@ENRON, Ben Jacoby/HOU/ECT@ECT@ENRON

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

See my comments in blue below.

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
      Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:

Subject:  GE Language

I'm not particularly wild about many of the changes proposed by GE.  Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:

Indemnity issues:
They should indemnify us from claims by their employees/subcontractors.
Kay - Is your comment in connection with GE's comment to Section 27.1(iii)
(carve out of the 100% LOL for "gross acts" of its subcontractors, vendors,
ect.)?  GE is in an aggressive outsource mode and needs to remain solely
and totally responsible for the actions and liabilities for its
subcontractors and vendors.  I think Section 20.2(a) as written covers
simple negligence of GE's subcontractors and vendors and I would argue that
we need to keep Section 27.1(iii) as written dealing with gross negligence
of GE's subcontractors and vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government?  Don't know!  This was not discussed with
MIke so I am not sure what is the meaning of adding this term.  We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.

Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another
party's claim for consequentials (as in a personal injury claim).  Agree.

We've don't have anything concrete on assignment yet.  Agree.

Comments?  I suggest we get together before our next scheduled conf. call
to discuss our game plan.

Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work.  Is this a problem?  Works for me...just let
me know when, where, ect.

Kay

They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07
PM ---------------------------

michael.barnas@ps.ge.com on 09/07/2000 07:46:07 PM

To:   stephen.swift@ps.ge.com, Sheila.Tweed.@enron.com,
      Roseann.Engeldorf@enron.com, Kay.Mann@enron.com,
      Scott.Dieball@enron.com, Martin.W.Penkwitz@enron.com
cc:   kent.shoemaker@ae.ge.com

Subject:  GE Language

Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in
his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

Best regards,

     Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

(See attached file: MajorClausesGE01.doc)

 - MajorClausesGE01.doc


Ken

Further to my earlier voice-mail, I attach a copy of a Restricted List
procedure we put together with the assistance of Slaughter and May.  The
procedure has not yet been rolled out (since the then OTC product had not
developed to a stage requiring implementation), but was intended to be sent
to all business heads in Europe (ie desk heads, and staff at VP level and
above, not just in trading).

I hope you are able to assist us in putting together the procedures
(including a form of consent letter) based on our discussion on Thursday and
would be grateful if you could confirm.

Many thanks and best regards

Paul


Just heard from Michael Rochman of SPURR/REMAC. He wants to sign on .


-----Original Message-----
From: 	Saldana, Alex
Sent:	Friday, October 12, 2001 3:51 PM
To:	Allwein, Robert; Alvarado, Kevin; Arteaga, Airam; Boudreaux, Shanna; Carter, Tamara; Collins, Joann; Garcia, Clarissa; Gillespie, Steve; Halstead, Lia; Homco, Meredith; Lamadrid, Victor; Loocke, Kelly; Ordway, Chris; Prudenti, Dan; Ramirez, Robert; Sanchez, Christina; Wood, Tracy
Cc:	Bates, Kimberly
Subject:	Your Invited....

(Kim please forward to your group.)


Hey, sorry I didn't write you back sooner however I had a six day break.
Anyway,  ST Pattys day was a blast, Dahl and Pat and I started drinking
around 10am and by the time the night was over we had been to 10 different
bars, (got kicked out of two)  met up with a ton of people and had an overall
blast.  I was so hating it the next day.   My sister was up from LA this
weekend.  We had a really good time.  Went to Touche and the Gypsy on
Thursday, went to the Blazer game and then Scooters.  On Saturday night we
went to the Kennedy School, and on Sunday we went to Multnomah Falls and took
her to Beaches for lunch.  She had a really good time and it was nice to have
her up for the weekend.  Anyway, how is everything with you?


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 01/26/2001 07:11 PM -----

	David Teece <teece@Haas.Berkeley.EDU>
	01/26/2001 06:47 PM

		 To: teece@Haas.Berkeley.EDU
		 cc:
		 Subject: FINAL MANIFESTO

Dear Colleagues,

Some of you have been asking for the final version of the manifesto.  The
copy attached is the FINAL version.

David

 - Manifesto DJT 1-25-01.doc
======================================
David J. Teece, Director
Institute of Management, Innovation and Organization
F402 Haas School of Business #1930
University of California, Berkeley
Berkeley, CA  94720-1930
Phone:  (510) 642-1075
Fax:  (510) 642-2826
http://haas.berkeley.edu/~imio
======================================


Yes, it was for Williams Production RMT Co.

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Friday, March 08, 2002 12:29 PM
To:	Miroballi, Angelo
Cc:	Dicarlo, Louis; Shoup, Cynthia; Castro, Shielah; Shackleton, Sara
Subject:	RE: Williams Production RMT Company--Financial Invoices

Angelo,

Thanks--this may be obvious, but could you also confirm that this Invoice was for Williams Production RMT Company??

Thanks,

Susan
 -----Original Message-----
From: 	Miroballi, Angelo
Sent:	Friday, March 08, 2002 12:26 PM
To:	Bailey, Susan
Subject:	RE: Williams Production RMT Company--Financial Invoices

Invoice  0203094 was a March 2002 invoice due 3/5/02.  It was not generated when the invoice request was made!

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Friday, March 08, 2002 12:20 PM
To:	Dicarlo, Louis; Miroballi, Angelo; Shoup, Cynthia; Castro, Shielah
Cc:	Shackleton, Sara
Subject:	Williams Production RMT Company--Financial Invoices

All,

I have confirmed that the following invoices for Williams Production RMT Company ("Williams"), were sent under ENA's Demand Letter dated March 1, 2002:

			Invoice Nos. 	020168809
					0202142
					020169166
					01121094
					01121761

Please note, the only Invoice not included with ENA's Demand Letter to Williams was:   0203094.  Therefore, advise as to whether this invoice also relates to Williams and why it was not included with ENA's letter of March 1st.

Further, please advise if the $7,686.87 interest check relates to all the invoices, including Invoice #0203094.

Thanks.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


Daren - can you get a deal set up for meter 1459 for 8/00?  The last deal
number associated with this meter is 331917 for July 00. Counterparty - GSF
Energy, LLC. Let me know if you have any questions.

AL


-----Original Message-----
From: jflorence@reliant.com [mailto:jflorence@reliant.com]
Sent: Friday, November 30, 2001 8:19 AM
To: Rainer, Eva
Cc: swilliams@reliant.com; mjoyce@reliant.com; kbradley@reliant.com
Subject: Survey letter

Eva - The attached letter requests LRCI's approval on a surveyor. I am also
faxing a signed copy to 713/646-8416. Please sign and return to me at
713/207-9560.

Thank you
John Florence
713/207-1164

(See attached file: LRCI Survey Letter 11.29.01.doc)


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketing Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy

DATE: October 26, 2001

RE: October 31st Power Marketing Conference Call
       ? Wednesday, 3:30 p.m. (EST)

Our weekly Power Marketers Working Group conference call will be held on Wednesday, October 31st, at 3:30 p.m. (EST).  To access the call, dial 1-800-937-6563.  Ask for the Julie Simon/EPSA Call.  An agenda is outlined below.

October 31, 2001 Conference Call Agenda

? Interconnection Issues
   ? ANOPR Issued
   ? Public Meeting on November 1st
   ? PJM Interconnection Meeting

? California/West
   ? FERC Meeting on West-wide Price Mitigation
   ? FERC Meetings on Western Infrastructure

? Market-Based Rate Authorization

? RTO Standard Market Design

? NERC/GISB- EISB

? Happy Halloween


For those of you who didn't look at Danny Sheridan to confirm today's lines, he made a couple of changes.  He added lines for the previous NL games and he also added 2 Thursday games.  If you want to make changes to your selections let me know asap.  Sorry about this but Danny is a little inconsistent and I can't control him.


You're in luck!  The meeting's from noon to 1 pm CST, so you can attend.  Do
you feel lucky?  Would you like to participate---the option's yours.  I'll
invite Scott, too.  If you'd like to attend, should we call you from the
conference room?

Best,
Jeff

	Sue Nord
	10/26/2000 01:23 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: Bandwidth Trading Structure Meeting

Calling in on the 2nd should be fine.  Sorry that it doesn't work for you to
be there in person.

I'm going to be out of the office from about 3:00 this afternoon until 11:00
tomorrow morning, EST.  If your meeting happens after 11:00 EST tomorrow, I
would like to join by phone.   (But don't worry about scheduling around me if
it's a problem).  Donald is on his way back from South America, and probably
isn't available.  Scott may be available by phone and probably would be
interested in participating.

Maybe the next person we hire should be a full-time schedule coordinator.
Thanks for your enduring patience.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/26/2000 08:21 AM

		 To: Sue Nord/NA/Enron@Enron
		 cc:
		 Subject: Re: Bandwidth Trading Structure Meeting

So it is the 2nd after all?  Thought it might be the first, which I could
have made.  The 2nd doesn't work---have set up a meeting with ENA to meet
with Sempra execs to see if a deal can be done (yeah, right).  But since it's
that early on the 2nd, I can call in by conference call and attend the first
90 minutes, or so.  Will that work?

In other exciting news, going to meet with the lawyers and Bowen either this
afternoon or first thing in the morning tomorrow.  You want to join?  And
should I see if Scott and/or Donald want to attend?  Just let me know.

Best,
Jeff

	Sue Nord
	10/25/2000 02:15 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Bandwidth Trading Structure Meeting

I hope this works for you.

----- Forwarded by Sue Nord/NA/Enron on 10/25/2000 02:15 PM -----

	Wayne Gardner@ENRON COMMUNICATIONS
	10/25/2000 01:15 PM

		 To: Alisa Christensen/Enron Communications@Enron Communications, Sue
Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications, Lara Leibman/Enron Communications@Enron Communications,
Michelle Hicks/Enron Communications@Enron Communications, Robbi Rossi/Enron
Communications@Enron Communications
		 cc: James Ginty/Enron Communications@Enron Communications
		 Subject: Bandwidth Trading Structure Meeting

The Bandwidth Trading Structure meeting witll take place at 8:30 am on
November 2, 2000, in conference room 4434.  I will circulate a meeting agenda
no later than October 30.

W. Wayne Gardner
Enron Broadband Services
1400 Smith Street
Houston, TX  77002-7361
Phone:  713 853 3547
Fax:  713 646 2532


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no way, jose!

 -----Original Message-----
From: 	Cuilla, Martin
Sent:	Friday, October 19, 2001 7:31 AM
To:	Martin, Greg
Subject:	RE: Texas Season Wager

greg if you want to just go ahead and settle up I will accept $15 now!

 -----Original Message-----
From: 	Martin, Greg
Sent:	Friday, August 24, 2001 9:00 AM
To:	Cuilla, Martin
Subject:	RE: Texas Season Wager

haha.  very funny.

 -----Original Message-----
From: 	Cuilla, Martin
Sent:	Friday, August 24, 2001 8:57 AM
To:	Martin, Greg
Subject:	RE: Texas Season Wager

your dumb...i mean done

 -----Original Message-----
From: 	Martin, Greg
Sent:	Friday, August 24, 2001 8:56 AM
To:	Cuilla, Martin
Subject:	RE: Texas Season Wager

I have $20.  This wage sounds fine to me.  2 games a push 3 you win and 1 i win.  Done.  You?

gm

 -----Original Message-----
From: 	Cuilla, Martin
Sent:	Friday, August 24, 2001 8:40 AM
To:	Martin, Greg
Subject:	RE: Texas Season Wager

i have up to $100 - 2 games a push 3 i win and 1 you win
 -----Original Message-----
From: 	Martin, Greg
Sent:	Friday, August 24, 2001 8:37 AM
To:	Cuilla, Martin
Subject:	RE: Texas Season Wager

$20

 -----Original Message-----
From: 	Cuilla, Martin
Sent:	Friday, August 24, 2001 7:38 AM
To:	Martin, Greg
Subject:	RE: Texas Season Wager

how much do you want to bet?

 -----Original Message-----
From: 	Martin, Greg
Sent:	Thursday, August 23, 2001 5:38 PM
To:	Cuilla, Martin
Subject:	Texas Season Wager

Do you want to make a wager on the Horn's record this year?

I am proposing that we will not lose more than two games this year (regular and bowl).

Late,
GM


From: "Gioffre, Michele" <mgioffre@cassidy.com>
To: "'D.Michael Gioffre, DDS'" <dgioffre@hotmail.com>,        "'Jim Rogers'"
  <jrogers@tullib.com>, "'Mom & Dad'" <Hub1dds@aol.com>,        "'Sarah
Gioffre-Office'" <SarahG@Stephenbradford.com>,        "'sgjr@aol.com'"
<sgjr@aol.com>,        "'Steve (Home)'" <sjs1516@earthlink.com>,
"'Steve Smith'"  <sjsmich@hotmail.com>, "'Tiny'" <ccarlson@elcom.com>
Subject: FW:
Date: Fri, 10 Nov 2000 16:34:36 -0500

This is a great one... click on the address below.

 > -----Original Message-----
 > From: Edwards, Shawn
 > Sent: Friday, November 10, 2000 4:30 PM
 > To: Gioffre, Michele; Routson, Sarah
 > Subject:
 >
 > http://www.mediatrip.com/shows/phone_flash.html

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com


Over the past few weeks, we have experienced significant issues with our email environment that have caused business interruptions and frustration for Outlook users.  The purpose of this e-mail is to outline the issues that we have encountered and what we are doing to resolve the issues.
?	During the last week of August, we encountered a bug in Microsoft's Exchange Server -- the mail server that is used by Outlook clients.  This bug, which impacted approximately 3,000 users, delayed mail delivery for the better part of a day.  At that time, we applied a fix from Microsoft which appears to have resolved the problem.  We have carefully monitored the Exchange servers for four weeks, and have not seen a re-occurrence of the bug.
?	Also during the last week of August, another Exchange Server experienced database corruption issues -- again, this impacted approximately 3,000 Outlook users.  To resolve this, we moved the 3,000 users to different Exchange servers and made several hardware/software upgrades to the affected server.  We have not yet returned the repaired server to full production use -- we are closely monitoring it to ensure that there are no more problems with the server.  While this event did not cause e-mail outages during the business week, we had to do maintenance on the server during the evenings on Wednesday, Thursday, and Friday, and throughout the Labor day weekend to move users to different servers.  During these evenings and weekend, the impacted users could not access their e-mail.
?	During the last three weeks, there have been a number of new and dangerous viruses on the internet.  We have a multi-layered defense against viruses that include virus scanning software on servers and desktops.  All mail is scanned on the Exchange servers and all files are scanned on the desktops.  During the last few weeks, we have had to apply numerous virus scanning updates to the Exchange servers - sometimes even several updates per day.  The result is that when new virus scanning updates arrive, the performance of the Exchange servers diminishes for several hours while the anti-virus product rescans every message in every mailbox.  This is unfortunate, but we believe necessary to prevent viruses from causing outages in the Enron computing environment and threaten our revenue generating systems.  At this time, we are working with the vendor to arrive at a technical solution that will speed up the virus scanning process.  We have made some progress as the performance has improved during virus scans, however, it can continue to get better.
There is no question that the email issues we have encountered over the last few weeks are unacceptable.  We are continuing to monitor and improve the overall performance to ensure that we substantially reduce the outages and meet Enron's business needs and expectations.

Enron Global Technology


Will Brown of Lang, Hansen, O'Malley & Miller , provided me your e-mail
address and suggested I send these attachment directly to you.

(See attached file: stevenkean.wpd)

(See attached file: enron resume.wpd)
 - stevenkean.wpd
 - enron resume.wpd


Ed McMichael would like to have a wellhead book meeting today at 4:00.  Please let me know your availability.

Kimberly Bates
East Gas/Origination
713-853-5193
713-646-8453 Fax


In order to prepare for the upcoming Sitara Release to production scheduled
on 01/24, Sitara will be unavailable as follows:

 Production 01/21 (Fri.) 7:00 PM (CST) thru 01/23 (Sun.) 12:00 PM (CST)
Conversion and checkout of data for Risk Assignment release
         (Sitara and CPR)

 Parallel 01/14 (Fri.) 7:00 PM (CST) thru 02/01 (Tue.) 8:00 AM (CST) Parallel
environment will be used as hot back-up, view access only
 (Sitara)

I wanted to make sure everyone had plenty of advance notice.  I would like
each of you to review these times with your staff.  The Production release is
the largest to date and the time required to convert the data cannot be
shortened any more.  Production users will not be impacted by the lack of the
Parallel environment -we will continue to bridge deal updates to Unify
Parallel as we do now for the period stated above; however access to Sitara
parallel will be kept to view only.  A list of items included in this release
will be forthcoming, as well as training for groups impacted by the Risk
Assignment change.

I appreciate your help in making this happen.  Any questions, please do not
hesitate to call myself or the Sitara hotline (x37049)

Scott Mills (x33548)


I think that all investments that were hedged in Raptor are on th MPR and are being monitored and reported against.  Is this true?  Ron, will you take the lead in making sure we have a smooth transition on this?  Thanks
 -----Original Message-----
From: 	Buy, Rick
Sent:	Wednesday, October 03, 2001 9:38 AM
To:	Causey, Richard; Glisan, Ben
Cc:	Gorte, David
Subject:	Raptor Debris

Now that Raptor is blown up, should we begin valuation efforts of assets and include in merchant portfolio. I am not familiar with details of how it unwound so I don't know what we are left with. Is this worth a meeting with you or your designesss? Rick


Hi Smith

If a six week delay in responding doesn't merit a big I'm sorry I don't know
what does.  My sincere apologizes in not responding sooner.

We have been looking for a power trading lawyer for about a year.  In March
Mark H. decided that since we couldn't find one outside that he would bring
in people internally.  Accordingly, back in April we had 3 internal lawyers
move into the group.  As a result of this shift,  we are not currently
looking for additional lawyers for power trading, but if things change I'll
let you know.  Just FYI, there may be openings in other areas (finance,
asset  development).  If you are interested, let me know and I'll call you
back.  Also, I know that power trading lawyers in general are in hot demand
...  other organizations may be hiring.  I will be up in Portland, next
week.  Maybe we can talk then

Again, my apologizes on the long delay.


----- Forwarded by Stuart Zisman/HOU/ECT on 11/30/2000 12:23 PM -----

	Stuart Zisman
	11/30/2000 12:06 PM

		 To: Matthew F Gockerman/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rhett
Jackson/HOU/ECT@ECT, Roger Ondreko/HOU/ECT@ECT
		 cc:
		 Subject: First Amended and Restated Limited Liability Company Agreement

Please review the attached and provide any comments that you might have.  My
goal is to provide a comprehensive set of comments by 4:00 pm so that the doc
can be quickly revised and sent to Coral.

Stuart----- Forwarded by Stuart Zisman/HOU/ECT on 11/30/2000 12:05 PM -----

	"Campbell, Carolyn" <CCampbell@KSLAW.com>
	11/30/2000 10:02 AM

		 To: "'Stuart.Zisman@enron.com'" <Stuart.Zisman@enron.com>
		 cc: "Keffer, John" <JKeffer@KSLAW.com>
		 Subject: First Amended and Restated Limited Liability Company Agreement

 <<2R6K02!.DOC>>  <<2R6KRED.DOC>>

Stuart:

We have enclosed for your review the initial draft of the First Amended and
Restated Limited Liability Company Agreement of CA Energy Development I,
LLC.  Also enclosed is a redlined draft marked to reflect revisions from the
Power Generation Investco LLC transaction.

We anticipate forwarding to you shortly a draft of the proposed letter
agreement.  In the meantime, if you have any questions or comments regarding
the enclosed, or if we may be of any further assistance, please do not
hesitate to call.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures: 128540v2
  128540vR

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2R6K02!.DOC
 - 2R6KRED.DOC


Christie,

Feb the 20th is the best time for me.

Vince

Christie Patrick
01/23/2001 11:29 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Mid-Project Review dates-Enron

Hi Vince!

The best dates for me are the 16th or the 20th.

Please let me know!

Thanks!

--Christie.
---------------------- Forwarded by Christie Patrick/HOU/ECT on 01/23/2001
11:29 PM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 01/23/2001 11:46:32 AM
To: "'vkamins@enron.com'" <vkamins@enron.com>, "'christie.patrick@enron.com'"
<christie.patrick@enron.com>
cc: FAP <FAP@management.wharton.upenn.edu>
Subject: Mid-Project Review dates-Enron

Tiger Hosts:

This is a reminder that the deadline for setting up the Mid-Project review
dates for your Tiger Team is Friday, Jan 26.
The following are the remaining available dates/times.  Please let me know
what works best for you at your earliest convenience.

Monday, Feb 12    4:30-6:30  or 6:30-8:30

Tuesday, Feb 13   4:30-6:30  or 6:30-8:30

Wed., Feb 14        4:30-6:30  or 6:30-8:30

Friday, Feb 16      10:00-12:00  or 6:30-8:30

Tuesday, Feb 20   6:30-8:30

Again, this will be based on a first come-first serve basis. You may come to
campus or this can be done by videoconference.  If you choose the latter,
please provide to me a call-in number for the conference.

Any questions, please contact the FAP office.

Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
215.573.8394   fax 215.573.5727
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu


Jack,  Attached is the Release, Settlement, and Termination agreement we
discussed.  Please review and let me know if you have any questions.


Attached is a memo regarding the above referenced matter.