You guys sure are in the news a lot!!  I think you should take over - it's
the only way out

-----Original Message-----
From: CFO.com_Newsletters@cfo.com [mailto:CFO.com_Newsletters@cfo.com]
Sent: Thursday, October 25, 2001 9:09 AM
To: nancy.sellers@robertmondavi.com
Subject: Enron Dumps CFO Amid Conflict Questions

http://www.cfo.com

CFO.com's
Today in Finance

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Thursday, October 25, 2001
Circuit Breaker: Enron Dumps CFO Amid Conflict Questions

By Stephen Taub

Enron Corp. is set to replace CFO Andrew Fastow. As CFO.com reported in a
story earlier this week, Fastow's role in a limited partnership has raised
concerns about a conflict of interest.

Fastow is succeeded by Jeff McMahon, who had been serving as chairman and
CEO of Enron's Industrial Markets group. From 1998 to 2000, McMahon was
Enron's treasurer. He resigned that post in part because he disapproved of
Fastow's role in running two partnerships, according to The Wall Street
Journal.

"In my continued discussions with the financial community, it became clear
to me that restoring investor confidence would require us to replace Andy as
CFO," said Kenneth L. Lay, Enron chairman and CEO, in a statement.

McMahon, 40, joined Enron in 1994 and spent three years in the London office
as CFO for the company's European operations. Upon returning to the United
States, McMahon assumed the post of EVP of finance and treasurer for Enron
Corp. In 2000, he was named president and COO of Enron Net Works, where he
focused on E-commerce activities.

As reported on Friday, The Wall Street Journal said a limited partnership
organized by Fastow, who has been Enron's CFO since 1997, racked up millions
of dollars in profits from transactions conducted with the energy company.

On Monday, Enron said the Securities and Exchange Commission requested
information regarding certain related party transactions.

On October 16, Enron stunned Wall Street when it announced that it would
take a $1.01 billion after-tax charge for the September 30 quarter.

Since the announcement, Enron's share price has more than halved.

Fastow's dismissal seems to be an about-face for Enron. In a conference call
Tuesday, Lay said the partnerships were fully disclosed and took steps to
assure that there was no conflict as Fastow played both roles. Enron has
since dissolved the partnerships.

"Obviously, the board and even the lawyers and auditors realized that there
would be an apparent conflict of interest there and the board prescribed
certain methods for it to be dealt with ... so Enron would never be
compromised," Lay said in published accounts. "We are very concerned [at]
the way Andy's character has been loosely thrown about in certain articles,
as well as the company's reputation."

Predictably, on Wednesday at least two law firms - Stull, Stull & Brody and
Bernstein Liebhard & Lifshitz, L.L.P - filed class-action suits against
Enron, Lay, Fastow, and Jeffrey K. Skilling, the former Enron chief
executive who resigned in August.

The suits allege that the defendants issued false and misleading information
that materially misstated the company's condition and prospects to the
investing public. Moreover, the suits argue that the company failed to
disclose material information necessary to make its prior statements not
misleading.

The complaints charge that Enron issued a series of statements concerning
its business, financial results, and operations which failed to disclose,
among other things:

* The company's Broadband Services Division was experiencing declining
demand for bandwidth, and the company's efforts to create a trading market
for bandwidth were not meeting with success, as many of the market
participants were not creditworthy.

* The company's operating results were materially overstated, since Enron
failed to write down in a timely fashion the value of its investments with
certain limited partnerships - the partnerships that were managed by Fastow.

* Enron was failing to write down impaired assets on a timely basis in
accordance with GAAP.

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This email was sent to:nancy.sellers@robertmondavi.com


Jim:

I am confused.  LeBeouf wanted to represent ENA and EES and Reliant never
came up in the conversations.  We picked Brobeck and it was painful for
LeBoeuf.  I think there must be some additional facts relative to New Power.

Regards,

Mark

	James Derrick@ENRON
	12/15/2000 06:01 PM

		 To: Mark E Haedicke/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES
		 cc:
		 Subject: Reliant

FYI; should we have any discussions with LeBeouf re their representation?  Jim
---------------------- Forwarded by James Derrick/Corp/Enron on 12/15/2000
02:11 PM ---------------------------

Marc Manly@EES
12/15/2000 08:40 AM
To: James Derrick/Corp/Enron@ENRON
cc:

Subject: Reliant

Jim:  on the theory that it is better late than never, I attach a summary of
the Reliant/Labeouf discussions concerning their potential representation of
us in California.  It appears that Reliant did finally leave a crack open (it
was not so absolute as I had been led to understand).  Marc
---------------------- Forwarded by Marc Manly/HOU/EES on 12/15/2000 09:37 AM
---------------------------

Kathleen E Magruder
12/14/2000 09:35 PM
To: Marc Manly/HOU/EES@EES
cc:
Subject: Reliant

You have asked that I recount the facts surrounding my failed attempt to hire
LaBeouf Lamb to represent New Power in CA before the PUC.

In late July, I contacted Chris Hilen with LaBeouf's San Francisco office to
ask if he would represent us in the Order Instituting Investigation which
arose from the summer's price spikes in San Diego.  He said he would check
with Reliant to ensure there were no conflicts.  When he returned my call,
Reliant was unwilling to permit LaBeouf to proceed on our behalf.  Because I
had been told earlier this year that Reliant would probably never be opposed
to  us anywhere but Texas in the future, I called a contact at Reliant who
referred me to Mike Jines in the general counsel's office.  Mr. Jines was
unavailable, so I left him a voicemail message.  I told him that as I
understood it, Reliant is only in the generation business in CA and not in
the retail sales of electricity as we are.  We should both be interested in
options that create better markets, lift rate caps and foment competition.
Consequently, I felt there was no conflict here.  It took Mr. Jines some days
to respond.  The intervention date was quickly approaching and needed legal
assistance, I turned to Arter Hadden.  Some time after we had made that
commitment (and after the intervention date), Mr. Jines called and suggested
that perhaps something could be worked out.  Due to the press of other
business, I did not return the call as the immediate situation had been
resolved.

In October then, as we searched for a lobby firm in Sacramento, one person
who was highly recommended told us Reliant would be "extremely uncomfortable"
if she were to represent us, too.  She opted not to interview with us.  Since
the message was similar to the original message to LaBeouf, I have moved on
to find another lobbyist and have not followed up with Jines.

If you would like to discuss this more, please call.


Please check the last couple of pages and see if I'm close.

Kay


flying to NYC at 330 on CO.  Don't know flight number.  Don't know where I'm
staying in NYC.

WED: Fly from Newark to Chicago tomorrow at 645 pm.  Don't know where I'm
staying in Chicago.

THURS: Fly from Chicago to Houston, leaving at 200pm, arriving at 428.

That's all I know for now.

Kay


This is in regard to the maintenance that you want to do at the Texoma -
Beaumont interconnect (replace some valves, I believe).

We had discussed doing this at a time when Mobil Beaumont Refinery would have
low gas takes.  That window of opportunity will be in early to mid February.

Mobil will take down some of the units at different times during the month.
Some of these units are endothermic, some are exothermic, so in some cases
their gas load goes up when they take certain units down.  But based on the
schedule of ups and downs that I've been given, it looks like their gas load
will be at a low point between February 1 and February 12, at somewhere
around 50,000/d.  Last we talked about HPL continuing to deliver 20,000/d
through the low pressure meter, and delivering the rest through Centana.  Is
this still the plan??

We met with Mobil last year in July to talk to them about what we need to
do:  that it would take less than a day, and that during that time, HPL would
deliver some of our gas to them through the Centana meter.  But that meeting
was a long time ago, and we might need to meet again - you know how
conservative

One thing of concern:  in the past two months, we have effected some of our
MidCon delivery obligation by delivering 30,000/d gas in kind to Mobil
Beaumont.  So we will not be able to do this during the day that we do our
maintenance.

Once you gents let me know what you game plan is and confirm how we'll handle
gas flows while we do our work, I'd like to be the one that initially tells
Mobil of our plans and set up the initial meeting.  It's going to take a lot
of coordination because I can guarantee you that Mobil's maintenance schedule
will change!

Lee
3.5923


Vince,

Just wanted to let you know that I had a meeting with Wade Cline (COO, Enron
India), Neil McGregor (President, DPC), and Mohan Gurunath (CFO, DPC) today.
Though I had already spoken to all of them earlier about my joining your
group, today it became official, and all of them supported the move.  I
explained to them what we would be doing, and the results expected from the
Henwood study.

DPC would like to pay the costs for the study, and that was mentioned.  There
maybe some tax issues etc. that need to be cleared, and other related issues
that I would like to discuss with you, so I will leave them till I get to
Houston.

I also spoke about Anshuman, and there was resistance to his leaing for such
a long time.  However, I have agreement from folks here to send him to
Houston for a shorter stint on DPC budget.  I will try to finalize that
before I leave.  I will call you in the evening to just chat.

I am very thankful to you for giving the opportunity you have.  Things here
have deteriorated dramatically over the last few weeks.  Morale is quite down
due to many lay-offs.

I am really looking forward to returning to Houston, and the family!!

Regards,
Sandeep.


Mark I think we need to make the no response be something other than not allowing it.  Something such as:  I am not interested at this time. I do not wish to answer at this time ....  This will allow us to accept any yes and not have to worry about sending the company name if someone in the company says no.

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Wednesday, August 15, 2001 2:39 PM
To:	Shults, Bob
Cc:	Gray, Barbara N.
Subject:	FW: Pop Up Box Language

 << File: Pop Up Box Language.doc >>
 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Wednesday, August 15, 2001 2:38 PM
To:	Shults, Bob
Cc:	Gray, Barbara N.
Subject:	Pop Up Box Language

Bob --

Here is our first draft of the pop-up box language.  Please circulate among the appropriate members of your group and let Barbara or me know if you have any comments.  Language for the revised Password Application will follow.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459


Mark,

As a follow up to our conversation of the phone today,
I have a question for clarification.
I also have an additional question.

Clarification:   Are we clear that the New Co. will be in place by July 1?
            In addition, are we clear that we will know the name of New Co.
by Shelley's May 31 (next Wed.)
            meeting with FERC?  She is meeting with FERC to explain what we
are going to do.

Additional Question:  Can we make the name change in the Password Agreement
and ETA by next Wed?
            We would like this change so we can do a demonstration for the
FERC and have the
            name of the appropriate company pop up.

Thanks for your attention.

Frazier


Are we still on for lunch?  Where do you want to go?

Robin


---------------------- Forwarded by Richard Shapiro/NA/Enron on 12/06/2000
06:58 PM ---------------------------

	From:  Eric Benson                           12/06/2000 01:03 PM

To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Budget Spreadsheets

Rick -

Attached are the revised budget spreadsheets.  I have a hard copy for your
review and file which I will bring over in a minute.  Do you want the cost
center owners to see a copy of the spreadsheets for each group or do you want
the cost centers to get the final sheets for their group only?

Eric


----- Forwarded by Jeff Dasovich/NA/Enron on 11/01/2000 05:55 PM -----

	Joe Hartsoe
	11/01/2000 05:49 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Sarah Novosel/Corp/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Ginger Dernehl/NA/Enron@Enron,
Bernadette Hawkins/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Alan
Comnes/PDX/ECT, Tim Belden/HOU/ECT, Tom Briggs/NA/Enron@Enron, Cynthia
Sandherr/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Kathryn
Corbally/Corp/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON,
susan.j.mara@enron.com
		 cc: dbva@radix.net
		 Subject:

Folks  -- Attached is a summary of the Commission's Order on California.
Constitutional Crisis here we come.  Later JOE


I have been informed by Scott Shishido that around 8:30 our time we will be
moving over to the DS3 tunnel. He doesn't expect anyone to be booted from
Terminal Server but just in case everyone needs to have everything saved.
Scott will call real time just before the transfer takes place. If anyone has
any questions they can call me at 503-969-7635. Thanks,  Chip Cox


I've changed it to be confirmed. Chris Mallory usually does mostly daily
deals, so his deal blotter probably defaults to no confirm.

Thanks,
kate

	From:  Sharen Cason                           02/01/2001 07:00 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: #510352

This deal is entered as not to be confirmed.  It looks like it probably
should be confirmed.  Can you check into this and see what happened?

Thanks!


-
California Changes Stance on Refunds
Two Sides Far Apart In Energy Talks
By Peter Behr
Washington Post Staff Writer
Friday, July 6, 2001; Page E01
California officials have abruptly shifted tactics in their attempt to
recover billions of dollars in alleged overcharges for electricity, saying
they may reduce their demands for huge refunds if generators renegotiate $43
billion in long-term electricity contracts that the state signed this year.
Gov. Gray Davis (D) said part of the $8.9 billion in refunds the state is
seeking could be offset by reductions in energy prices in the long-term
contracts, whose costs have become a growing political embarrassment for
Davis.
"We've made suggestions, we've offered various ways in which people could get
us $8.9 billion," Davis told the San Jose Mercury News in a report yesterday.
"You can renegotiate our existing contracts and save us money. However you
want to do it, it's just got to net out close to $8.9 billion."
The new offer was introduced this week into the closed negotiations over a
California settlement being conducted in Washington by Federal Energy
Regulatory Commission Judge Curtis L. Wagner Jr., according to sources close
to the negotiations.
Yesterday, Wagner said he may issue his own preliminary finding today on the
amount of overcharges if California officials and the generators cannot reach
a compromise.
"What I'm trying to do is get people in a settlement mood," Wagner told
reporters. "In the event we're unable to do that, [Friday] at some point I
may offer a preliminary assessment." The settlement conference is set to
conclude on Monday.
Wagner, FERC's chief administrative judge, has been trying to push both sides
toward a compromise that would resolve the huge energy pricing controversy.
Mountainous energy prices have bankrupted California's largest utility,
drained billions of dollars out of the state treasury and put Davis at
sword's point with generators that help keep the state's lights on.
Last Friday, Wagner rebuked Davis's chief representative, Michael Kahn,
chairman of California Independent Grid Operator -- the state's power grid
manager -- indicating that the state's demand for nearly $9 billion in
refunds from power generators and marketers was too high, sources said.
Wagner's settlement conference, which has involved more than 100 lawyers for
all sides, is closed to the public and media.
Wagner complained last month that Kahn was following a political agenda, and
his lack of independence in the negotiations was such a "joke" that the
parties might as well wear "clown suits," according to a Dow Jones report
confirmed by sources close to the talks.
But he has also criticized the generators and power marketers, led by Reliant
Energy Inc., Williams Energy Services, Duke Energy and Southern Co., for
failing to make serious settlement offers, these sources said. The suppliers
have offered to refund $600 million, provided the state is able to call off
various California lawsuits demanding far larger refunds, sources said.
Wagner's leverage is his ability to propose his own refund figure to FERC's
commissioners. FERC has tentatively called for $124 million in refunds, but
now is taking a harder line on preventing a new escalation of California's
electricity prices this summer and is likely to be receptive to a higher
refund figure, some energy analysts believe.
Davis's tactical change, offering to make the long-term contracts part of an
overall settlement, comes amid growing criticism of what the state will have
to pay for energy under those deals.
California's energy calamity stemmed in large part from its failed
deregulation plan, which relied heavily on short-term power purchases at
volatile "spot market" prices. When energy costs shot upward last summer, so
did the state's electricity bills.
In response, Davis's aide, S. David Freeman, and his staff began negotiating
long-term power contacts with suppliers. The $43 billion in deals signed so
far would require the state to pay about $70 per hour for a megawatt of power
for a large part of the electricity it will need over the next 10 years.
That's well under the average of $250 per megawatt-hour that the state was
paying at the beginning of this year, but above current power prices -- and
considerably higher than what electricity may cost in the next decade, energy
analysts say.
A new agreement to lower those contract prices could relieve political
pressure on Davis and focus settlement negotiations away from the state's
controversial demand for the $8.9 billion refund. Davis will argue that
reducing future power charges that his administration negotiated should count
as a "refund" because the deals were reached "under commercial duress,"
according to sources close to Wagner's negotiations.
Industry supporters say Davis's refund figure is impossible to justify.
"There's no benchmark for what a fair and reasonable price should be," said
Michael Zenger, California director of Cambridge Energy Research Associates.
The state's advocates counter that if FERC enforced a "just and reasonable"
standard for power prices based on operating costs and a generous profit, the
overcharges by all sellers could easily reach the $9 billion figure.
"It's not rocket science, but it does require the regulators to regulate,"
said Frank Wolak, a Stanford University economist who heads an oversight
committee for the California grid.
Those polar-opposite views have left both sides in Wagner's conference room
"billions of dollars apart," as the talks approached their final weekend,
sources said.
, 2001 The Washington Post Company


Travel back to Houston after the meeting of the Association of General
Counsel in White Sulphur Springs, West Virginia


Enron also announced today a restructuring of its broadband business.
Conditions in the broadband industry have reduced revenue opportunities in
the sector.  "The strategy we pursued in the broadband business will allow us
to quickly restructure this business without affecting our strong earnings
outlook,"  said Skilling.


I was waiting by the phone all day and night for you to call, but no, I was
ever dissappointed that I was not a high priority for you.  I suppose I'll
just keep waiting.

Mat

"kristen iles" <ksiles@hotmail.com> on 01/17/2001 11:19:37 AM
To: matt.smith@enron.com
cc:

Subject: in reply

Hey cutie, I just spent forever writing you a nice little reply to your
email on the ski trip, my email availibility, phone b.s, your NYC trip and
Scully, all to have this piece of shit freeze up....so I think perhaps I
will just try to get some time to call you tonight!!!!
love, k

You should now have checks from myself, Duncan and Bill.  Sharon said she
would get back to me today, but I think we should jump on this lodge asap.
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Stan always prefers to do face to face with these kind of meetings.   So I will be checking on schedules next week.

-----Original Message-----
From: Keith Harris [mailto:keith.harris@wessexwater.co.uk]
Sent: Friday, July 13, 2001 10:39 AM
To: Hayslett, Rod
Subject: RE: Risk management

Rod

We normally involve Colin, my financial controller Nigel Reed, the Ops
Director Sam Allen, and myself

Propose that we continue that.  The question is whether we need a face to
face.  We have done it by phone -  but I guess that reflects the fact that
the AZX guys were comfortable with us.  Its your call.  We would be more
than happy to do a face to face

regards

Keith

-----Original Message-----
From: Hayslett, Rod [mailto:Rod.Hayslett@ENRON.com]
Sent: 11 July 2001 14:47
To: Keith Harris
Cc: Geaccone, Tracy
Subject: RE: Risk management

How many of you would you think need to be involved in a budget review
of Wessex?     I am trying to make the costs be the lowest, but Stan
think's it need's to be face to face.    Typically Stan would like most
of the management team in attendance, but if you and Colin have a
preference let me know and I will attempt to get it planned out.

For reference purposes, Tracy Geaccone is responsible for pulling
together and understanding Stan's numbers (in addition to being my right
and left hands) , so you and your people will probably start to hear
more from her.

**********************************************************************
This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the Wessex Water IT Support Centre on:

44-1225-528888 or email support@wessexwater.co.uk

This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

www.mimesweeper.com
**********************************************************************


Is it still April fools day?

	"Neal S. Manne" <NMANNE@SusmanGodfrey.com>
	04/05/2001 11:05 AM

		 To: Robert Rivera <RRIVERA@SusmanGodfrey.com>, "Jonathan J. Ross"
<JROSS@SusmanGodfrey.com>
		 cc: "RSanders (E-mail)" <Richard.B.Sanders@Enron.com>
		 Subject: RE: Enron/Duke

I do not care about the appearance.  There is no jury.  Morris won't care
and will understand why we paid for her to have a lawyer.  I do not want
Duke to have a private shot at her.

>  -----Original Message-----
> From:  Robert Rivera
> Sent: Thursday, April 05, 2001 12:09 PM
> To: Neal S. Manne; Jonathan J. Ross
> Subject: Enron/Duke
>
> I met with Mark Lowes, the lawyer Sanders hired to represent Rebecca
> McDonald.  I walked him through the issues in dispute and explained that
> we're not seeking any confidential or privileged information from Rebecca.
> Lowes says he agrees with our position on all issues, including
> transportation, and will work with Rebecca accordingly.  He will meet with
> her this afternoon and set up a meeting with us for tomorrow morning.
>
> Rebecca apparently asked Lowes whether it would look bad, either for her
> or for Enron, that Enron was paying for her lawyer.  I told Lowes that my
> instinct was the exact opposite.  Regardless, he asked us to consider
> asking Duke to split her legal bills with Enron and also giving Duke the
> opportunity to meet with her privately.  I told him that I didn't like
> that idea so much but that we'd think about it and get back to him when we
> meet with Rebecca.
>
> Robert Rivera, Jr.
> Susman Godfrey L.L.P.
> 1000 Louisiana St., Ste. 5100
> Houston, TX 77002
> (713) 653-7809
> rrivera@susmangodfrey.com
>

 - C.DTF


DERRICK JR., JAMES V,

You have been selected to participate in the Mid Year 2001 Performance Management process.  Your feedback plays an important role in the process, and your participation is critical to the success of Enron's Performance Management goals.

To complete a request for feedback, access PEP at http://pep.enron.com and select Complete Feedback from the Main Menu.  You may begin providing feedback immediately and are requested to have all feedback forms completed by Friday, June 1, 2001.

If you have any questions regarding PEP or your responsibility in the process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a status of "OPEN."  Once you have submitted or declined an employee's request for feedback, their name will no longer appear on this list.  NOTE: YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

Employee Name:
SANDERS, RICHARD


Reminder
The Enron Oral History Project Continues...

"Using History to Help Enron Become the World's Leading Company"

How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision?

Speaker:
Joseph Pratt, Cullen Professor of History and Business, University of Houston
and
 Co-Director, Enron Oral History Project

Thursday, June 7
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to participate in this meeting.  Call 3-9390.


Purchased gas from COH and CPA (deals 157211 & 157213) and sold to EES 157210
for the 28-31st.


Jeff:

Let me know if you have any questions.

Thanks!

Barbara
(312)541-1232

----- Forwarded by Barbara G Dillard/Corp/Enron on 12/06/2000 04:08 PM -----

	m.klyasheff@pecorp.com
	11/27/2000 12:39 PM

		 To: d.wear@pecorp.com, Barbara.G.Dillard@enron.com
		 cc:
		 Subject: ENA/Peoples Gas Supply Amendment

 Attached, for your review, is a draft Amendment No. 1 to the Gas
Purchase and Agency Agreement.

 <<Amd 1 GPSA PGL 11-27.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
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 received this in error,
please contact the sender and delete the material from any computer.

 - Amd 1 GPSA PGL 11-27.doc


Sara,

Rhett has responded to my e-mail regarding NNG and has said this trade should
be confirmed as RMT.  I am attaching the confirmation I have put together for
your review before it is sent out to NNG.  Please advise if this format is
acceptable.  I will also fax the confirmation and deal ticket.

Thank you for your assistance!

Melissa Rodriguez
5-7679

---------------------- Forwarded by Melissa Rodriguez/HOU/ECT on 11/14/2000
02:02 PM ---------------------------

Melissa Rodriguez
11/09/2000 10:10 AM
To: Rhett Jackson/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Nothern Natural Gas

Rhett,

We have done a trade with NNG and they are requesting that we send them our
confirmation.  Would we confirm this as RMT or ENA?  Could you please let me
know if you are the correct person I should be contacting on this matter.  I
can be reached @5-7679.

Thank you,
Melissa Rodriguez
FX/IR


Ken & Jeff,

Each year I attend the Enron Management Conference the more I realize that
the daily leadership and vision that the Office of the Chairman provides is
what allows us to meet and exceed our goals. That leadership and vision in
turn empowers every employee to do their job and that empowerment translates
into continued success. That is what make Enron so unique in the global
marketplace. Thank you for making this such a great company to work for.

Doug


price on the 7th was 9.55
I don't understand the trigger question.  We need to get the back-up on the
penalty.  Patti needs to give you info regarding a penalty we wanto tocharge
them for February.  Please get with her ondetails.


We had a positive result in the EPSA Legislative Affairs Committee meeting yesterday afternoon. The EPSA staff draft of a letter to Barton on his RTO discussion proposal will be significantly strengthened and EPSA staff will start by incorporating the comments I sent over earlier in the week.  The original draft said the Barton RTO language only needed "technical corrections."

EPSA staff reiterated that some member co. or cos. think Barton's draft could have been worse.  My reply was this "logic" was like saying we should be grateful he shot us in the head instead of hanging us -- one method may be more "humane" but either way we are "dead" (OK, the analogy may be too rough -- but it made the point.)  (I subsequently confirmed that Reliant is the "soft" member -- their rep. told me they "support the discussion draft although they wouldn't object if it is strengthened.")

A stronger EPSA letter with more specific reasons why we oppose the Barton discussion draft will be circulated among EPSA members today or Monday, with the goal of sending the letter first thing Tuesday when Congress returns.  Some wanted a general letter requesting a meeting, and deferring specific comments until the meeting.  I pointed out that Barton is speaking to subcommittee members right now and that we needed to copy them on a more detailed letter ASAP so they hear from us before Barton gets to them.  We will make the same contacts ourselves.  In fact, we have already started.  Spoke to Reps. Chip Pickering and Rep. Greg Walden, both subcommittee Republicans, this week (did same with staff to Rep. John Shimkus).

Key task when House staff return to work on Tuesday will be finding out where Ranking Member Rick Boucher is on the Barton RTO draft.  Barton implied at a conference earlier this week that he and Boucher are in agreement on RTOs.


Andreas:

Here it is:

Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361

Phone: (713) 853 3848
Fax  :  (713) 646 2503
E-mail: vkamins@enron.com

Vince

"Andreas Simou" <andreas@garpmail.com> on 09/15/2000 09:11:00 AM
To: <John.P.DeLuca@us.hsbc.COM>
cc:
Subject: The GARP 2001 Convention

Dear GARP Speak
?
I am writing to request some information regarding  the GARP 2001 Convention.
?
Can you please furnish me with your full postal  address so that I can send
you a copy of the GARP brochure in the near  future.
?
I look forward to your response in due  course.
?
Kind regards
?
Andreas
?
____________________________
Andreas  Simou
GARP 2001 - Conference Producer
Tel? +44 (0) 20 7626  9301
Fax +44 (0) 20 7626 9900


Melissa,

As you know, as of Jan 01, 2000 the Wellhead Portfolio has been segregated
from the rest of HPLC's Physical Portfolio.  As a result of this segregation,
it has become much easier to analyze and manipulate this data so that monthly
"accrual value" can be determined.  This analysis has resulted in the
realization that the Wellhead Potfolio creates approximately $275,000 of
accrual value per month.  The main drivers of this accrual value are deals
that have rolled into evergreen status, accrual term deals,  actual volumes
greater than booked, half cent bid to mid spread, incorrect markings, and
value withheld from MTM because of accrual costs.  Of the above, Greg Sharp
will receive value associated with evergreen/accrual deals, actual volumes
greater than or less than booked, and deals incorrectly marked.  Tom will
keep value associated with his half cent bid to mid and accrual value needed
to pay accrual costs (such as gas quality issues).  The breakout of this
value has been on average 60% to Greg and 40% to Tom.  The following is a
breakdown of 1st quarter accrual value.

January-

Total Accrual Value = $266,504

Greg's Value       Tom's Value
Evergreen Value =                         $140,750     Bid to Mid =
$105,000
Accrual Value =                               $53,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $60,000           $118,000
Incorrect Marking =                       ($105,000)
Total Value =                                   $148,750

February-

Total Accrual Value = $289,305

Greg's Value       Tom's Value
Evergreen Value =                         $145,000     Bid to Mid =
$100,000
Accrual Value =                               $62,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $65,000           $113,000
Incorrect Marking =                       ($95,000)
Total Value =                                   $177,000

March -

Total Accrual Value = $292,145

Greg's Value       Tom's Value
Evergreen Value =                         $147,000     Bid to Mid =
$106,000
Accrual Value =                               $59,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $66,000           $119,000
Incorrect Marking =                       ($100,000)
Total Value =                                   $172,000

Let me know if you have any questions.

Eric

	Enron North America Corp.

	From:  Eric Bass                           04/07/2000 02:00 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Wellhead Accrual Income

Melissa,

Here are the accrual values for Q1.  More details to follow.

Jan - $266,504
Feb- $289,305
Mar - $292,145

Eric

	Enron North America Corp.

	From:  Melissa Graves                           04/07/2000 01:51 PM

To: Eric Bass/HOU/ECT@ECT
cc: George Weissman/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT
Subject: Wellhead Accrual Income

Eric,

Per Greg Sharp, he and Tom Martin discussed the Wellhead Accrual Income
numbers today, and Effective Q1 2000, Greg will begin recognizing this
accrual income in his financials.

It is my understanding that the new Wellhead Portfolio in Sitara assists you
in calculating this monthly number (which is estimated at $170,000 per
month).  Could you please provide the detail behind this calculation, or if
this data is pulled directly from Sitara, George and I could meet with you to
become familiar with this data extraction process.

Thank you,
Melissa
X39173


Kate Symes
Student No. 569430668

1. The invention of the french fry would result in an increased demand for
potatoes - that is, the demand curve for potatoes would shift outward. This
would result in an increase in price, and a corresponding increase in supply.
As the supply curve comes up to meet the new, higher demand curve, we would
actually see an increase in overall demand, supply, AND price. The statement
is wrong in assuming that increased supply equals a lower price.

2. a. The value of one bottle of beer to me between points A and B is 8
bottles of soda.
b. I am therefore indifferent between bundles A and B, because they both
allow me the same frequency of use and same level of satisfaction.
c. Bundle E must include about 216 bottles of soda in order to make me
indifferent between it and bundle D. This follows from the logic that, when I
have 100 bottles of soda, it would take about 8 more to make me give up one
bottle of beer in the bundle. Here I have 200 bottles of soda - I would need
AT LEAST 8 bottles of soda to make me give up one more beer in another bundle
with the same frequency of use.

3. Firstly, this legislation produces a disincentive for parents to travel
with children on an airplane because it increases the already high costs
associated with flying. Add to this the somewhat more relaxed rules of the
highway, and you might find more families taking road trips on their next
vacation. This is a potential secondary effect of the legislation which could
actually increase injuries and fatalities - secondary because it would not be
directly associated with injuries caused in airplane crashes, but because it
would incent people to find other, possibly more dangerous, modes of
transportation.

4. Auto safety legislation puts constraints on auto makers to make cars as
safe as possible while still maintaining a profit. It also narrows consumers'
choice sets when buying a new car. A person buying a car in a country with no
auto safety legislation might make auto safety a priority in their decision.
In a country indoctrinated by Nader's book, the choice between whether to buy
a safe or unsafe car is taken away - all cars are made equally safe. Because
of this, car-buyers have less incentive to drive safely and more leeway to
choose their car for other reasons. Soon, safety in a car becomes a moot
point and the car buyer is only concerned with a good price or other
incentives. Auto accidents increase because there is no longer an incentive
to drive safely - legislation has made cars, in consumers' minds,
indestructible. If cars are indestructible, so then are the people in them.

5. a. My demand curve shows that I would purchase 1 gallon of soda at a price
just under $10. So when I purchase 5 gallons at $5 a gallon, I am better of
by $12.50.
b. I can purchase 3 more gallons of Diet Coke when it is priced at $3 a
gallon than when it's priced at $5. Therefore, I'm better off by $2.50 - a
gain of 3 gallons times a decrease of $2 divided by 2.
c. If Diet Coke was free, I'd consume up to 10 gallons of it before it
wouldn't be worth it for me to consume anymore. My consumer surplus is $50.

6. a. A will sell chairs to B. A can make 5 chairs in the time it takes him
to build 1 table, while B can only build 3 in the time it takes him to build
a table. (A's chair-to-table time ratio is greater than B's - 1/2 to 1/3.)
b. A will buy tables from C. C can make a table in only twice the amount of
time it takes him to build a chair, while A takes five times as long to build
a table than a chair. (A's table-to-chair time ratio is greater than C's - 5
to 2.)
c. B will do neither. Since B can make chairs faster (rate of 1/3 for B to
1/2 for C), B won't buy chairs from C. And because C can make tables faster
(rate of 2 for C to 3 for B), B can't sell tables to C.

7. a. The equilibrium price is $3.96.
 -10 + 50P = 200 - 3P
 53P = 210
 P = 210/53
 $3.96

The quantity is 188 textbooks.
 -10 + (50)(3.96) = 188
 200 - (3)(3.96) = 188
 188

b. The sticker price becomes $6.79.
 -10 + 50(P-3) = 200 - 3P
 -10 + 50P -150 = 200 - 3P
 360 = 53P
 P = 360/53
 $6.79

The market quantity stays at 188 textbooks.

c. The sticker price becomes $3.79.
 -10 + 50P = 200 - 3(P+3)
 -10 + 50P = 200 - 3P - 9
 201 = 53P
 $3.79

Market quantity decreases marginally to 179 textbooks.

d. If the seller pays $3 per book in taxes, the seller charges $6.79 and
receives $3.79 per book. If the buyer pays $3 per book in sales tax, the
buyer pays $3.79 per book. The costs are equal despite which party is paying
the tax.

e. The government collects $564 ($3 tax times 188 books) in tax revenues for
this set of terms.

8. a. The equilibrium price is $42.
 -10 + 5P = 200
 5P = 210
 P = 42

The market quantity is 200.

b. The sticker price becomes $210 - t.
 -10 + 5(P-t) = 200
 -10 + 5P + 5t = 200
 P = 210 - t

c. The government takes in a tax revenue of 200t. There are deadweight costs
associated with this tax because the supply is more elastic than the demand
for insulin. Therefore, consumers will bear more of the burden of the tax.

9. a. Affects supply; supply curve will increase; price and quantity
exchanged will increase
b. Affects demand; demand curve will decrease; price and quantity exchanged
will decrease
c. Affects supply: supply curve will decrease: price will and quantity
exchanged will decrease
d. Affects supply: supply curve will increase; price will decrease, quantity
exchanged will decrease
e. Affects supply: supply curve will increase; price will decrease, quantity
exchanged will decrease
f. Affects demand: demand curve will increase; price and quantity exchanged
will increase
g. Affects demand; demand curve will decrease; price and quantity exchanged
will increase
h. Affects supply: supply curve will increase; price will decrease, quantity
exchanged will increase


FYI:  The PML valuation process resulted in incremental "value" which can be
taken into income.  I told Juanita and Andrea that it would be ridiculously
imprudent to take any more income.  Andrea and her analytics staff tend to
agree with me but Delainey is on to it and will likely push to take it.  I
told Ondarza and Delainey that I will not sign off on it.  Without my
signature, Delainey may end up calling you.  ENA has a Q4 hole that Cliff is
trying to fill.  The income that ENA may try to squeeze from PML is
US$2-4MM.

On a related matter, Paul wants to take over the Board responsibilities (and
overall management) of the deal.  Paul is comfortable with the value
recognized to date, and agrees with us that we should not take any more.
Given the related income form energy management (C$500M) and financial
advisory fee (approx C$1,500M), I think it is a good thing for Enron Canada
to manage.


Tracy:

Can you call me and let's get Yair on the phone so that we can finalize
Allegheny?
Thanks.

P.S.  Did you hear that Janice is moving back to VA?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/19/2001 08:35 AM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/18/2001 06:29 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: ISDA Schedule/Paragraph 13

I apologize, I have been out sick until this afternoon and have not gotten to
it.  I think, if memory serves me correctly, I think I was generally ok with
the language except for the proviso at the end because we do not know what
your internal policies are and how you would evaluate the assignee.  It
basically strips out the right because it still leaves us subject to Enron's
caprice.  Could you perhaps give me a better sense as to what the criteria
would be?

Thanks

Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7955

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, April 18, 2001 7:16 PM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:  Are we finished?  Please let me know.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/13/2001
                    08:42 AM

I hope to leave by 3:30 Eastern Time.  Thanks for getting back to me so
quickly.  Though, I'm surprised u guys are open for business today.

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, April 13, 2001 9:41 AM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

I've left a message with Tracy Ngo (in Portland) and will let you know as
soon as I hear from her.  How long will you be in the office today?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/13/2001
                    08:28 AM

Sara, Allegheny would like to be able to assign to affilaites in the same
manner that we are allowing Enron to make an ssignment so long as the Gty
goes along.  In our case, however, there is no gty, hence the stipualtion
that such assignment must be to an entity with an equal or better credit
rating.  If you wish, I can limit such assignment to an entity rated at
least BBB+ or better.  Would that resolve your concerns?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Thursday, April 12, 2001 12:26 PM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

It's a good thing you didn't try to get back to me!  Sorrry.

(See attached file: AlleghenyCPformacceptR1.DOC)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/12/2001
                    10:16 AM

Sara, sorry i didn't get back to you yesterday, I was out sick.  I didn't
notice anything attached, did u send a subsequent e-mail?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, April 11, 2001 4:01 PM
To: YYaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: RE: ISDA Schedule/Paragraph 13
Importance: High

Yair:

Attached is my redline.  Call me so that we can discuss the remaining
issues, including:

(1)  Calculation Agent.  We believe that the existing dispute mechanism is
adequate.

(2)  Procedures for Entering into Transactions.  There is no procedure for
dual confirms.  This is too confusing.

(3)  Transfer.  We cannot agree to your assignment provision as it is too
subjective.

The other changes were not substantive.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/10/2001
                    07:46 AM

Sara, any thoughts on my comments ISDA I sent out last week?

-----Original Message-----
From: Yaish, Yair (OGC)
Sent: Thursday, April 05, 2001 6:19 PM
To: 'Sara.Shackleton@enron.com'
Subject: RE: ISDA Schedule/Paragraph 13

Sara, I have good news, I think we are very close to executing this baby.

I am attahcing comments to the ISDA.  They reflect comments by our outside
cousel which highlight the differences between this contract and the side
letter/ML ISDA.  They are not much.  I have also made some changes directly
on their draft where I either concurred with Enron or needed to make some
of my own changes.  Pls review and let me know what you think.

I will be leaving the office soon, so if we can wrap it up tomorrow that
would be great (I'm out Monday for Passover).

Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph 13

Yair:

Attached is a blacklined (against the Enron North America Corp. draft of
3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.  I
have tried to incorporate the essence of the March 19, 2001 "swap side
letter agreement."  Please call me to discuss as it would be nice to
finalize by April 6.  Thanks.

(See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Today after work would be fine if you want to?!

	"Patti Young" <pyoung@pdq.net>
	08/04/2000 05:22 PM

		 To: <Tana.Jones@enron.com>
		 cc:
		 Subject: Re: Houses!!!

Yes, I would still like to do a movie.  We are running 2 hours and 15
minutes in the morning so I don't know what time I will be finished.  What
is your plan for running?

I don't need to spend a lot of time looking at the house, I just want you to
have a look.  I would get to do all new landscaping so I am thinking about
digging up plants at my house and putting them in pots before my property is
sold.

You for sure can't do it right after work??

I need to run to the bank.  I will be right back.

----- Original Message -----
From: <Tana.Jones@enron.com>
To: <pyoung@pdq.net>
Sent: Friday, August 04, 2000 12:03 PM
Subject: Re: Houses!!!

Sure.  Maybe after running we could get cleaned up and go take a look.  Do
you still want to go to the movies?

                    "Patti Young"
                    <pyoung@pdq.n        To:     "Tana Jones"
<tana.jones@enron.com>
                    et>                  cc:
                                         Subject:     Houses!!!
                    08/04/2000
                    03:18 PM

Good Day,

I want you to go with me to look at this house I  have been checking out in
the Woodland Heights. It is a re-do, gutted and  cleaned up, and ready to
be moved in to asap. Are you working late  tonight, and, if not, would you
be up for me coming by just for a quick  trip??? You may have plans, and,
if you do, could I grab you tomorrow for  a quick look? I am putting a
'for sale by owner' sign in my yard  today!!!

Let me know

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(((agt.indexOf("msie")!=-1)&&(parseInt(navigator.appVersion)>4))
||(agt.indexOf("msie 5.")!=-1))scr.write(); file://-->


Vince: forwarding this to you as an FYI - do you suppose you should sit in
since you've already met Victor? Just a thought ...
Regards,
Amy
---------------------- Forwarded by Amy Oberg/HOU/EES on 08/09/2000 10:31 AM
---------------------------

Richard Causey@ENRON
08/09/2000 10:30 AM
To: Amy Oberg/HOU/EES@EES
cc:
Subject: Re: Conversation w/ Andersen

I am in the process of setting up a conference call with my contact here as
well as Victor Burke.  Prelimainary indications are they have not finalized
their objectives yet but I will discuss that further with them.  I would
still strongly suggest rescheduling until everyone can attend and we can
fully discuss our involvement.

To: Richard Causey/Corp/Enron@ENRON
cc:

Subject: Conversation w/ Andersen

Rick:
Quick follow up - any response yet from your contacts at Andersen? We are
holding off cancelling the Thurs meeting w/ hope they will get back to you by
EOB Wednesday.
Pls let me know what the status is.
Thanks and regards,
Amy Oberg

Richard Causey@ENRON
08/07/2000 09:07 AM
To: Amy Oberg/HOU/EES@EES
cc:
Subject: Re: MIT/AA New Value Research Lab

I have discussed with AA and they are following up.  If I am the agenda, I
would cancel the meeting and when I hear from AA, I will e mail everyone.  I
would suggest we not hold a meeting until Kean, Buy , Koenig and I can all
come so that we can truly move forward (or decide not to).  Let me know what
you decide.  Thanks.  Rick

To: Richard Causey/Corp/Enron@ENRON
cc:

Subject: MIT/AA New Value Research Lab

Rick: just wanted to highlight that you ARE the agenda for this meeting (see
initial notice, agenda). Let me know if there's anything I can do for you.
Amy

---------------------- Forwarded by Amy Oberg/HOU/EES on 08/07/2000 08:19 AM
---------------------------

	Enron Energy Services

	From:  Carol Moffett                           08/03/2000 04:21 PM
	Phone No: 713-853-6658 Phone
  888-782-3518 Pager
  EB 613b

To: Richard Causey/Corp/Enron@ENRON, Marie Hejka/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, Amy Oberg/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Mark
Ruane/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Mark
Koenig/Corp/Enron@ENRON
cc: Sharron Westbrook/Corp/Enron@Enron, Christie Connell/Corp/Enron@ENRON,
Maureen McVicker/HOU/EES@EES, Laura Gutierrez/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Karen K Heathman/HOU/ECT@ECT, Joannie
Williamson/Corp/Enron@ENRON
Subject: MEETING CONFIRMED:  MIT/AA New Value Research Lab

This will confirm the meeting requested below.  Please note, all invitees are
not available, but the confirmed meeting time is the best time for most of
the invitees.

 Date: Thursday - August 10
 Time: 11:00a to noon
 Place: Conference Room 4741
 Confirmed Attendees: Rick Causey
  Marie Hejka
  Steve Kean
  Amy Oberg
  Mark Palmer
  Mark Ruane

Thanks for your help, everyone.

---------------------- Forwarded by Carol Moffett/HOU/EES on 08/03/2000 04:03
PM ---------------------------

	Enron Energy Services

	From:  Carol Moffett                           08/02/2000 03:44 PM
	Phone No: 713-853-6658 Phone
  888-782-3518 Pager
  EB 613b

To: Ginger Dernehl/HOU/EES@EES, Shirley Crenshaw/HOU/ECT@ECT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@Enron, Laura
Gutierrez/HOU/ECT@ECT, Laura Valencia/Corp/Enron@ENRON, Patty
Pennington/Enron Communications@Enron Communications
cc: Steven J Kean/HOU/EES@EES, Vince J Kaminski/HOU/ECT@ECT, Rick
Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@Enron, Mark Ruane/HOU/ECT@ECT,
Mark Koenig/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Amy
Oberg/HOU/EES@EES, Marie Hejka/Corp/Enron@ENRON
Subject: MEETING REQUEST:  MIT/AA New Value Research Lab

Good afternoon.  I am assisting Amy Oberg with setting up a meeting among the
individuals listed below.  Would you be so kind as to review their calendars
and let me know if they are available during any of the suggested meeting
times.

Meeting Topic:  MIT/AA New Value Research Lab
Meeting Purpose:  Follow up to discussion from 8/1/00; Rick Causey to brief
group on
conversations w/ AA regarding "where they intend to go with this effort".
Attendees: Steve Kean
 Vince Kaminski
 Rick Buy
 Rick Causey
 Mark Ruane
 Mark Koenig
 Mark Palmer
 Amy Oberg
 Marie Hejka

Suggested Meeting Dates and Times:
Thursday - August 10 anytime between 8:00a and 10:00a
Thursday - August 10 11:00 to noon
Friday - August 11   anytime between 8:00a and 9:30a
Friday - August 11 1:00p to 2:00p

Thank you.


This request has been pending your approval for  2 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000069519&Page=Approval to review and act upon this request.

Request ID          : 000000000069519
Request Create Date : 10/19/01 9:03:47 AM
Requested For       : ginger.dernehl@enron.com
Resource Name       : Global Messaging North America Additional Mailbox Space (25 Meg Increase)
Resource Type       : Applications


----- Forwarded by Jeff Dasovich/NA/Enron on 03/15/2001 05:45 PM -----

	Margo Reyna
	03/15/2001 04:56 PM

		 To: Sue Nord/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron
Communications, Lara Leibman/Enron Communications@Enron Communications,
Donald Lassere/Enron Communications@Enron Communications, Mona L
Petrochko/NA/Enron@Enron, Barbara A Hueter/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Susan M Landwehr/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, Ricardo Charvel/NA/Enron@Enron, Stephen D
Burns/Corp/Enron@ENRON, Xi Xi/Enron Communications@Enron Communications,
Allison Navin/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Benson/NA/Enron@ENRON,
Karen Huang/Enron Communications@Enron Communications, Matthew
Jachimiak/HOU/ECT@ECT, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Telecom Services: Broadband Services: USA:    Analysts still
bullish on Enron broadband unit ...

Margo Reyna
Regulatory Analyst
Enron Corp., Government Affairs
Phone:  713-853-9191

----- Forwarded by Margo Reyna/NA/Enron on 03/15/2001 04:56 PM -----

	djcustomclips@djinteractive.com
	03/15/2001 04:54 PM
	Please respond to nobody

		 To: 123363@WCTOPICS.djnr.com
		 cc:
		 Subject: Telecom Services: Broadband Services: USA:    Analysts still
bullish on Enron broadband unit ...

USA: Analysts still bullish on Enron broadband unit prospects.
By C. Bryson Hull

03/15/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, March 15 (Reuters) - Wall Street took a hard look at Enron Corp.'s
content delivery plans this week after it ended its video-on-demand deal with
Blockbuster Inc. , but remained largely unfazed by the failure of the
flagship deal, analysts said on Thursday.
On balance, most analysts viewed the busted 20-year exclusive agreement as
disappointing, but by no means a fatal blow to Enron Broadband Services'
(EBS) budding content delivery segment.
Most reiterated buy or strong buy ratings for the Houston company and
maintained bullish earnings targets for the Enron Broadband Services division.
But all are awaiting an indication of how Enron will reconfigure the content
delivery initiative.
"I think Blockbuster represented kind of an anchor tenant for the broadband
business, so they have lost a contract that was important," said Jeff
Dietert, an analyst with Houston investment house Simmons and Co.
Now EBS will have to pursue smaller contracts to make up the loss, which
could mean a longer road to create as big a book of business, Dietert said.
EBS executives have said they expect to have $1 billion in total contracted
business by the end of 2001.
CHASING MORE CONTRACTS TO FILL VOID
EBS Chairman and Chief Executive Officer Kenneth Rice on Friday said his
division is already pursuing deals with content providers to send on-demand
games, movies, music and television over the Enron network.
UBS Warburg analyst Ronald Barone, in a research note released Monday, said
he still believes Enron will hit the $1 billion mark in 2001.
"Though this announcement is clearly a disappointment we have a great deal of
confidence in the judgment of Enron's senior management and of the upside
associated with this business," Barone wrote.
His report reiterated a strong buy recommendation and 12-month stock price
target of $102 a share, with EBS accounting for $25 of that.
One analyst remained skeptical of the content delivery plans.
"Where they go from here is one of things they have to tell the market in a
convincing fashion," said Commerzbank Securities analyst Andre Meade, who
raised Enron to accumulate from hold on Thursday.
But he also cut earnings targets for the EBS segment to $8.40/share because
of the failed Blockbuster deal.
Heady cash-flow projections figured heavily in Enron's guidance for 2001,
which called for a stock price of $126, of which EBS would account for $40,
Meade said.
Meade, whose company initiated coverage on Enron in late May 2000, had been
alone among Enron analysts in keeping a hold rating on the stock.
Merrill Lynch analyst Donato Eassey on Monday released a note reiterating his
buy recommendation with a $99/share price target.
"While the separation from such a high-profile name is disappointing, we do
not view this as negative," Eassey wrote. "This could in fact actually
accelerate Enron's content delivery strategy."
Eassey pointed out that Enron and Blockbuster's trial in Seattle, Salt Lake
City, New York and Portland, Ore., proved Enron can deliver movies on demand.
That gives them a track record to show to potential customers like movie
studios and other entertainment concerns that want to provide content
directly through their Web sites, he said.
Enron's stock closed on Thursday at $66.53, up $3.78, compared with its
52-week range of $59.99 to $90.5626.

Folder Name: Telecom Services: Broadband Services
Relevance Score on Scale of 100: 80

______________________________________________________________________
To review or revise your folder, visit Dow Jones CustomClips or contact Dow
Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone
at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact
your local sales representative.)
______________________________________________________________________
Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


I am calling Ken Lay's office this afternoon to request that he speak to Andy
Card about lining up Vice President Cheney as the  dinner speaker on the 21.
So far this task has been in Sprint's hands.   Because this is not nailed
down, Phil Cassidy today asked that Ken put in a call to Card.  FYI


-----Original Message-----
From: Patrick Mains [mailto:pmains@n2h2.com]
Sent: Monday, February 05, 2001 11:09 AM
To: Chris Dahl
Cc: Scott Metzenberg; Brain Nate
Subject: Message of the Day!

Words to remember!

Patrick
 - message.jpg


We sold 870/day starting 5/2 - 5/31 to CES for Timet.  The deal number is
257878 and the price is $3.4884 ($3.39 + $.0984).


In addition to the WTO working group, I'd like to be involved in the Market
Structures group.


Vince,

With regard to the softs curves development, I have been communicating with a
couple of folks in London.  The key contacts include James Willis (cocoa and
sugar broker) and Nigel Majury (coffee broker).  We had a conference call on
Thursday (Heather, Trena, Erin, James, Nigel, Frank Speight, Nelson) to
discuss data sources, data acquisition, priorities, and timelines.  A number
of data sources were identified (e.g., USDA, Int'l Cocoa Organization, ED&F
Man, Landell-Mills Commodities, etc.) and both the Houston and London offices
have taken steps to obtain the information.  Curve development priorities
were adjusted as well.  Raw sugar remains the top priority; however, cocoa
replaces coffee in the softs importance hierarchy.  I suppose that this
results from our physical (or soon to be) positions in both markets.  The
timeline hasn't changed; however, adjustments will have to be made since we
haven't yet acquired all of the necessary data for price modeling.  Moreover,
per our discussion this afternoon, additional thought/time will have to be
devoted to corn modeling to come up with an adequate hedging strategy.

Nelson


Jeff,
 Tim told me to put together a list of inormation we would want from the ISO.
As a general rule, we want all information released. Here are some of the
highlights:

1.  ETC schedules on each transmission line (both DA and HA). We want to see
the ETC schedules at the same time they are submitted to the ISO on the
following paths:
 a. path 15
 b. path 26
 c. nw1
 d. nw3
 e. az2
 f. az3
 g. lc1

2. Actual flows on each path. (real time flows)

3. How many mw's get cut on each path DA? i.e. how many mw's are adjustment
bid out of the stack

4. Intrazonal Cong
 a. What paths have intra-zonal cong
 b. How many mw's flow, how many get cut on a DA/HA basis

5. BEEP stack

6. All load and generation bids DA by SC

7. Real time production from each plant


OK with me.

 -----Original Message-----
From: 	Oxley, David
Sent:	Friday, October 19, 2001 11:26 AM
To:	Delainey, David; Dietrich, Janet; Leff, Dan; Lavorato, John; Kitchen, Louise; Duran, W. David; Belden, Tim; Bowen Jr., Raymond; Shankman, Jeffrey A.; Hughes, James A.; McCarty, Danny; Glisan, Ben; Shapiro, Richard; Colwell, Wes; Brown, Michael - COO London; Gold, Joe; Fallon, Jim; Scrimshaw, Matthew; Piper, Greg
Cc:	Corteselli, Gina; Inglis, Elspeth; Olson, Cindy; Joyce, Mary; Jones, Robert W.- HR Exec; Pieper, Kalen; Smith, Gary; Chapman, Jon (London HR); Barnard, Marla; Cash, Michelle
Subject:	 Final VP/MD PRC

Currently the "final" VP and MD PRC meetings are scheduled for Jan 7 and 8th. As we spend the next day or so reviewing each of your suggested year end PRC and Bonus approaches, should we consider bringing the final meetings forward to, say, December 15 or 16 (I know this is a weekend).

Your comments?

Below are some initial views.

David
 -----Original Message-----
From: 	Smith, Gary
Sent:	Thursday, October 18, 2001 11:40 AM
To:	Oxley, David; Corteselli, Gina; Inglis, Elspeth; Pieper, Kalen; Jones, Robert W.- HR Exec; Chapman, Jon (London HR); Barnard, Marla
Cc:	Olson, Cindy; Joyce, Mary
Subject:	RE: Final VP/MD PRC

David,
The timeframe I reviewed with Stan H. this morning was December 19-January 4 for the EGS meetings with the final ENE VP/MD meeting to follow.  He was okay with this although he commented (unsolicited) that he preferred doing them in February to ensure that it would be a relative talent review (e.g., high potentials, promotables) and not a PRC-type discussion that drives compensation.  I'm not sure the date of the meeting is as critical as is a clear understanding of meeting's purpose.
Gary

 -----Original Message-----
From: 	Oxley, David
Sent:	Wednesday, October 17, 2001 7:46 PM
To:	Corteselli, Gina; Inglis, Elspeth; Pieper, Kalen; Smith, Gary; Jones, Robert W.- HR Exec; Chapman, Jon (London HR); Barnard, Marla
Cc:	Olson, Cindy; Joyce, Mary
Subject:	Final VP/MD PRC

So what if I send an email around saying  why don't we move this forward to Dec 15th?

Get it done well in advance of bonus work
Clears Jan 1 thru 8 for bonus work
Prompts discussion on whether this has anything to do with Bonuses anyway
May give us time to follow up on VP/MD promotion discussions if more data is required.

David


Do you guys want to spend a few minutes discussing the capacity?  After
trading or lunch?

Tammi DePaolis
02/06/2001 12:01 PM
To: Phil DeMoes/Corp/Enron@ENRON
cc:

Subject: Re: CP&L/Piedmont Capacity

did you want to try to visit on this with John Hodge?   Let know.  Thanks


Ehud,

We can meet for dinner on the 21st. Then you can visit with us on the 22nd
in the morning and have individual meetings. At 11:30 you can meet the entire
Research Group at our weekly lunch meeting. We can continue
individual meetings in the afternoon.

Please, make a reservation at Hyatt Regency Downtown or Double Tree
Downtown (there are several hotels with the same names).

Vince

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 06/09/2000 02:01:09 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Prospective 6/22 Houston Visit

Vince,

>June 22 works for me. Do you want to firm it up?
If it's not too late, I do.

I believe the "game plan" was for me to come in the previous evening.  If
you confirm the date, please advise at your convenience how you see the
6/21 - 6/22 schedule.

Best,
Ehud

==============================================
     Ehud I. Ronn
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


Please be advised that this stemmed from myself talking to Gossett. So If any
one in my group does not take the time to do the mini-book
or communicate a change to another group I will be talking to them. So please
take the time to check every deal that you enter or change.
Especially look at middle market or structuring tickets when they are entered
and make copies for the appropriate desk.

IF YOU ARE NOT SURE ABOUT A CHANGE MINI-BOOK IT AND TALK TO ME.

Please email me once you read this so I know that everyone is on board.

DUTCH

---------------------- Forwarded by Dutch Quigley/HOU/ECT on 10/20/2000 11:40
AM ---------------------------

	Enron North America Corp.

	From:  Jeffrey C Gossett                           10/20/2000 11:25 AM

To: William Kelly/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Dutch
Quigley/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc:
Subject: Changing Deals

Effective immediately,  if anyone changes any deal for any reason,  they need
to provide a minibook with a before and after of exactly what they did.  This
used to be a common courtesy,  but it looks like we need a stated policy in
place.  You guys will therefore have to get minibook access to calc all books
on a mini-book level from Jeremy.  Please let me know the timing Jeremy gives
for getting the appropriate people mini-book access as soon as possible.  It
is critical that we get this done right away.  I know that this is not a
one-sided issue.  No group is better or more important than any other group.
It is therefore important that we do a better job of communicating across
groups.

Thanks,

Jeff


will do- I'll see if Rika is available as well

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Monday, February 04, 2002 2:18 PM
To:	Johnston, Robert
Subject:	RE: Competitive Analysis

I sit at 06543 (will be moving Wednesday/Thursday).   I can meet mid-morning tommorow.   Get on my calender with TJ at 35800.

thanks.

 -----Original Message-----
From: 	Johnston, Robert
Sent:	Monday, February 04, 2002 2:15 PM
To:	Presto, Kevin M.
Cc:	Imai, Rika; Will, Lloyd
Subject:	RE: Competitive Analysis

I plan on meeting with Rika and Chris regularly, particularly with Rika on new gen.  What time is good for you tomorrow and where are you located?

RJ

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Monday, February 04, 2002 2:12 PM
To:	Johnston, Robert
Cc:	Imai, Rika; Will, Lloyd
Subject:	RE: Competitive Analysis

Obviously, coordination with gas and power fundies (rika imai and chris gaskill) is important for almost all projects unless confidentiality is necessary given the nature of the project scope.   My view is No. 1 is part of Rika's core day to day world.   No. 2 and No. 4 are more special project in nature and this is a gap you could help fill.

I will be out Wednesday through Friday so we should sit down tomorrow.

 -----Original Message-----
From: 	Johnston, Robert
Sent:	Monday, February 04, 2002 2:07 PM
To:	Presto, Kevin M.
Subject:	Competitive Analysis

Hey Kevin- thanks for the intro at the Fundy meeting on Friday- would like to sit down with you to talk priorities this week if you have time.

For Power East, I know you want maximum bang for your buck across a limited number of projects, so I'm thinking:

1. New Gen
2. Hydro Quebec reservoir levels
3. Oil "shock"/terrorism
4. Coal- utility stockpiles

Thanks,

Robert Johnston
x39934


Attached are our response and ratification agreement.
BGP

>>> "Gerald Nemec" <Gerald.Nemec@enron.com> 05/25/00 04:49pm >>>

Brad,  Can you give me a status on where you are at with the review of the
Lease
Docs for the MEGS Facilities? I forward those documents about a month back.

Gerald Nemec
Enron North America Corp. - Legal
 - MEGS.DOC
 - MEGSRAT.DOC


looks good.
Rosie, you may want to include this in ken's file for the toronto trip

	Eric Thode
	03/16/2001 08:56 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Proposed Ad for the Ontario Market

I sent this to Rick Shapiro and Mark Palmer as well.  This is an ad created
for use in the Ontario market and would include the logos of the signatory
companies (rather than individual signatures).Aleck Dadson worked with GPC on
its creation.  It is part of the total plan, which includes Ken Lay's visit
to Toronto April 4 to meet with media and government leaders.

Give me your thoughts.

Eric

---------------------- Forwarded by Eric Thode/Corp/Enron on 03/16/2001 08:42
AM ---------------------------

"Jacob, Sasha" <SJacob@GPC.CA> on 03/15/2001 02:23:24 PM
To: "'eric.thode@enron.com'" <eric.thode@enron.com>
cc:

Subject: Proposed Ad

Eric:

As requested by Aleck Dadson, please find attached a copy of an open letter
to the Premier of Ontario which we are proposing be placed as an ad in the
National Post and the Globe & Mail next week. It is our intention to have
the letter signed by a group of energy stakeholders including Enron,
TransAlta, ATCO, Toronto Hydro, Mississauga Hydro, Dynegy, The Toronto Board
of Trade, The Ontario Chamber of Commerce, the Independent Power Producers
Society of Ontario, etc.

 <<Open Letter.doc>>

Sasha Jacob
GPC International
sjacob@gpc.ca
Ph:  (416) 598-0055
Fx:  (416) 598-3811
www.gpcinternational.com

*******************************************************************
This email message has been swept by MIMEsweeper
for the presence of computer viruses

Ce courrier a fait l'objet d'un balayage antivirus au moyen
du logiciel MIMEsweeper
*******************************************************************

 - Open Letter.doc


I thought you were taking care of all that Tiger??
---------------------- Forwarded by Chris Germany/HOU/ECT on 01/25/2000 01:36
PM ---------------------------

	From:  Joan Veselack @ ENRON                           01/25/2000 01:16 PM

To: Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT
Subject: Letter to TCO

Colleen has signed the letter and it has been FedX for arrival at TCO
tomorrow.

Susan Wade is presently upset that we are using Team 3 and not her  Team. She
overheard Chris Germany talking to Steve Stonestreet today. She overheard
Cindy Burnette working on Union Camp for me yesterday. We need someone from
Enron to smooth this over with her.

Please decide who will be giving Susan Wade the courtesy call about the
change. Not sure what timing is best... today or tomorrow.

Thank you.


Let me know if you have any questions. Thanks
Ben


Is this the correct email address??

How are ya?  Good seeing you on Thanksgiving  at John's.  I am very sorry to hear about your company's troubles and your  romantic situation.  Life piles on sometimes!!

Chin up!!  Hope to see you during the  holidays!  Bye!!


HERE YA GO!
 -----Original Message-----
From: 	Stefanie Katz <skatz@sempratrading.com>@ENRON [mailto:IMCEANOTES-Stefanie+20Katz+20+3Cskatz+40sempratrading+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, March 01, 2001 12:58 PM
To:	'Therese_Lohman@enron.com'
Cc:	Jed Hershey; Harrison DeStefano; James Vallillo
Subject:

Here is a copy of what I believe is the final spreadsheet for our February
transport

 <<tw 2 01.xls>>

Stefanie Katz
Sempra Energy Trading Corp.
58 Commerce Road
Stamford,  CT  06902
skatz@sempratrading.com
(203)355-5060 phone
(203)355-6115 new fax
(203)952-8901 cellular

****************************************************************************
This e-mail contains privileged attorney-client communications and/or confidential information, and is only for the use by the intended recipient. Receipt by an unintended recipient does not constitute a waiver of any applicable privilege.

Reading, disclosure, discussion, dissemination, distribution or copying of this information by anyone other than the intended recipient or his or her employees or agents is strictly prohibited.  If you have received this communication in error, please immediately notify us and delete the original material from your computer.

Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or SoCalGas, the utilities owned by SET's parent company.  SET is not regulated by the California Public Utilities Commission and you do not have to buy SET's products and services to continue to receive quality regulated service from the utilities.
****************************************************************************

 - tw 2 01.xls


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 in the most recent version of Adobe Acrobat 4.0 and they
should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat
Reader 4.0 may be downloaded for FREE from www.adobe.com.

(See attached file: opec.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
 - opec.pdf


John,

This is a resume I received today from  my friend.
Please, take a look at it. What follows below is a copy of his message to
me:

Dear Vincent,

I very much would like to ask you for a career advice. I am looking for new
challenges and new professional opportunities. Possibly there would be such
opportunity around yourself  at Enron Corporation.

I trust that my strongest asset is my intellectual capital and ability to
look from new angles into complex issues. Beside of the experience of
working under Jacob Goldfield an Paul Jacobson at Goldman on the interest
rate swaps and proprietary desks, I was a part of research effort of John
Meriwether group at Salomon Brothers, I headed the European interest options
desk at DKBI in London and I have managed a small hedge fund in partnership
with Albert Friedberg.

 I hold Ph.D. in mathematics from MIT and I have studied under Nobel
Laureate in Economics, Bob Merton.

I very much would like to apply my knowledge of capital markets, trading and
research in the field of energy markets.

With my very best regards and personal wishes,

Mark Kierlanczyk
Godel Partners LLC
67 Wall Street, Suite 1901
New York, NY 10005
Tel 212 943 5300
mkierlanczyk@fmginy.com


PICTURES OF DADDY'S LITTLE GIRL!  GUESS WHICH ONE I LIKE THE BEST!
 <<DSC00051.JPG>>  <<DSC00046.JPG>>  <<DSC00045.JPG>>  <<DSC00042.JPG>>  <<DSC00049.JPG>>  <<DSC00043.JPG>>

 - DSC00051.JPG
 - DSC00046.JPG
 - DSC00045.JPG
 - DSC00042.JPG
 - DSC00049.JPG
 - DSC00043.JPG


Date: Thursday, February 7th , 2002

Location:

Orientation will be split into two sessions and divided by alpha-order. Sessions will run 10am-12 pm and 2pm- 4 pm.

We encourage all of you to attend your designated session as valuable information will be presented, and you will have the opportunity to get answers to your questions.

You can speed things up tomorrow by filing in the attached forms - alternatively you can complete them there

10am Session   Letters A- K

2pm Session Letters L-Z

Please reply to this e-mail if you will be attending.

Regards,
Neil Davies


Hi KC,

It would be a big help if you could take the NorthWestern guaranty sig pages
to Marissa after D Duran has signed them.

Thanks,

Kay


CONFIDENTIAL WORK PRODUCT

The key points for the next 2 weeks are as follows:

1. Sen. Alpert Legislation on Rate Caps
 - 2290 may be "dead"
 - Senator staff recognizes the legislation has "problems"
 - Senator is still looking to move something with another vehicle
 - Enron MESSAGE:  "CPUC is fixing the problem, legislature should do
nothing; if you decide to do     something, then use Enron's fixes" (which
simply codify the CPUC's decision)
 -  focus on customers' support for our legislative fix rather than IEP
 - Jeff D. to talk with customers, give them our fix, tell them to sit tight,
and contact Sandi M. to discuss
 - Sandi M. to talk with Sen. Alpert about our fixes

2. Continue to support Williamson Act fix for Pastoria
 - Committee meeting on 8/18 fo Urgency bill
 - no opposition identified to date (some question about Farm Bureau though)
 - Sandi M. to attend meeting to support bill

Sandi M. will report back on events tomorrow afternoon.

It looks like we can secure both items in a reasonable fashion.  We need to
stay focused and coordinated.  If anyone has any questions, please let me
know.

Jim Steffes
713-853-7673


When are these guys coming to Enron?

Thanks


The meeting to discuss, "Var, Reporting Processes and Resources II" will take
place Friday, June 9, 2000 at 9:00a.m.
The location is EB 32C2.  Please adjust your schedules to reflect this
important meeting.

Many thanks,
Barbara Lewis
x3-5085


The following expense report is ready for approval:

Employee Name: Michael T. Olsen
Status last changed by:  Automated Administrator
Expense Report Name: Nov Cellular Expense
Report Total: $59.30
Amount Due Employee: $59.30

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


They're still in the formative stage, and the title is korny, but wanted to
get the ball rolling.  No pride of authorship.  Feel free to hack away.

Best,
Jeff


Please review and respond to the attached request for pricing for our
November natural gas requirement.

Thanks.

(See attached file: 1101RFQ1.xls)
 - 1101RFQ1.xls


Wendy:

I do not think you need a MAC if you have a tiered Threshold.  Please confirm so that we can prepare the ISDA accordingly.  Thanks

Francisco Pinto-Leite
Enron Americas
1400 Smith Street, EB 3888
Houston, TX 77002-7361

Tel: 713-345-7942
Fax:713-646-3490
fleite@enron.com

 -----Original Message-----
From: 	Conwell, Wendy
Sent:	Monday, November 19, 2001 3:07 PM
To:	Cook, Mary; Leite, Francisco Pinto; Bailey, Susan; Heard, Marie; Panus, Stephanie
Cc:	Davies, Derek; Bradford, William S.; Brown, Kortney; Ngo, Tracy; Radous, Paul; Rance, Susan; Sacks, Edward
Subject:	**HIGH PRIORITY** AltaGas Services Inc. CW for ISDA

Please be advised the attached credit worksheet for AltaGas Services should be put on the High Priority List as their is a potential deal pending with Derek Davies in Calgary.  Please forward draft ISDA with credit terms to Derek Davies for further handling as soon as possible.  Call with questions or comments.

Thanks
Wendy

 << File: AltaGas Services ISDA CW.xls >>


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Ricki,  would you please forward this message to the NNG & TW teams.

Last Thursday evening, Mary Lou was in a car accident and was bumped around pretty good.  She was taken to the hospital, but sent home that evening w/cuts and bruises.  The following morning, one of the doctors at the hospital called to ask her to return to the hospital for another MRI as they suspicion a brain aneurysm, which was nothing to do with the accident.  Friday evening, Mary Lou called to tell me she does in fact have a very small aneurysm, and she is to go to a neurologist today, Monday.  Either Mary Lou or one of her children will call me later today with another update, which I will forward on as soon as I am notified.  Sheila


(See attached file: HPLN1118.xls)

 - HPLN1118.xls


FYI,

My understanding is we adjusted our prices down to the cap today in an
abundance of caution.

FYI

Western Wholesale Power Trades Fri Above FERC Price Limit
Updated: Friday, June 29, 2001 05:42 PM ET

NEW YORK (Dow Jones)--The price of power in the western wholesale market on
Friday topped the limits set by federally ordered price controls, traders
said.

Bulk electricity trades as high as $107 a megawatt-hour in the western spot
market were confirmed by one of the buyers. Also, Enron Corp.'s (ENE, news,
msgs) Internet-based trading system publicly offered to sell power in Nevada
at $105/MWh.

 Stock Insight

 Symbol Last Change

 EIX 11.15 -0.35

 ENE 49.10 +0.76

 PCG 11.20 -1.00

 SRE 27.34 -0.14

 Index

 Dow Jones 10502.40 -63.81

 NASDAQ 2159.34 +33.88

 More Analysis
*  See Analyst Ratings
*  Compare Growth Trends
*  Get One-Click Scorecard

The maximum price allowed under a formula set June 18 by the Federal Energy
Regulatory Commission is $91.87/MWh.

Asked about the overshoot, FERC said sellers would have to justify prices
above the benchmark.

"We constantly monitor the markets out there," a FERC spokeswoman said. "If
there is anything above the proxy price, they would have to come in and
justify it."

Enron spokeswoman Karen Denne said the company posted the $105/MWh offer on
its EnronOnline system, but didn't sell any power above the FERC limit.

FERC's complicated price limits for the West set a maximum price based on the
operating cost of the most expensive generator used to meet demand for
electricity during power alerts in California.

Suppliers who claim prices above the limits must explain why to FERC, which
can order refunds if it isn't convinced.

Some market participants point to a loophole. The FERC order only applies to
"spot" market transactions, which the commission defines as deals done within
24 hours of the commencement of deliveries. But power traded Friday is for
delivery Monday, so some market participants have said that the controls
don't apply to Friday deals.

"It does appear to be a loophole," Denne said.

Gary Ackerman, executve director of the Western Power Trading Forum, an
industry association, said that traders could start doing more transactions
two days in advance to circumvent the FERC rules if market prices rise above
the cap, which can change based on prices for natural gas. Or deals could be
done at the cap with the seller adding non-monetary payments such as natural
gas or free electricity delivered later in the year.

Other market participants said they simply will buy needed power supplies at
the market price, regardless of the FERC rules.

On June 19, the first day the new rules took effect, hour-ahead deals were
done at $300/MWh. So long as two companies agree to a price and the buyer
doesn't later complain to the FERC, it seems that FERC would be hard-pressed
to enforce its rules.

If a buyer were to file a complaint after such a deal, it would quickly find
itself locked out of the market when supplies become tight, traders said.

The FERC spokeswoman said the above-limit prices would have to be justified
even without a complaint.

The price cap will be recalculated whenever the California Independent System
Operator enters its next Stage 1 supply emergency. At that time the cap will
likely be much lower, because gas prices have fallen significantly since the
current cap was set.

-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

(Andrew Dowell contributed to this article.)


Dear Stan and Family :

               CONGRATULATIONS!! On behalf of our family we would like to
congratulate you both for such wonderfull news.
We%re proud that the delivery went great and the kids and your wife are
doing just fine. Once again FELICITACIONES for the twins
Jason and Jessica.
I too would like to give good news and it%s that my daughter, Geraldine, got
married on Friday 28 th. of April.

Write soon,
                       YOUR MATE DARIO and FAMILY


As you all are probably aware, we trade physical and financial products with
Northern Illinois Gas Company under each of the following names:

1  Northern Illinois Gas Company (the legal incorporated entity)
2.  Nicor Gas Company (an assumed name for Northern Illinois Gas Company as
reflected in the Assumed Name Certificate dated 12/15/99 filed with the
Secretary of State of Illinois.  The name needs to match the Assumed Name
Certificate, no "Co.")
3.  Northern Illinois Gas Company d/b/a Nicor Gas Company

The EnronOnline counterparty has been set up as "Nicor Gas Company".

Pursuant to Bob Bruce's conversation with our Illinois outside counsel, we
are comfortable transacting business in the State of Illinois under the
assumed name "Nicor Gas Company".  In connection therewith, it is OK to set
up the online entity as "Nicor Gas Company", and attach the relevant physical
or financial products to the relevant master under each of the above
counterparty names.  Further, it will be OK if the confirmations go out as
"Nicor Gas Company" even though the masters may be under one of the above
names.

PLEASE NOTE, HOWEVER, this should be considered an exception to the rule.  We
do not want counterparties to be set up under assumed names, d/b/a's or
divisions for EnronOnline.  As previously agreed with the Online team, every
attempt should be made to incorporate the legal name as part of the
counterparty name (such as "Northern Illinois Gas Company d/b/a Nicor Gas
Company" or "Koch Industries, Inc. acting through its Koch Hydrocarbon
Company Division").   Any exceptions to this should be run by Legal for
approval.


Taffy did a great job setting all of this up so the visiting attorneys had
places to work and use the phone and their computers.  I don't know that it
is part of her job description -- she just saw the need and filled it.
----- Forwarded by Mark Taylor/HOU/ECT on 05/03/2001 06:14 PM -----

	Taffy Milligan
	04/30/2001 09:43 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Angela
Davis/NA/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Anne C
Koehler/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Becky Spencer/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Carlos Sole@ENRON, Carol
St Clair@ECT, Carolyn George/Corp/Enron@ENRON, Cheryl Nelson/NA/Enron@Enron,
Claudia Meraz/HOU/ECT@ECT, Claudia Perez/NA/Enron@ENRON, Connie
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan J Hyvl/HOU/ECT@ECT, Dan
Lyons/HOU/ECT@ECT, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Portz/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT,
Diane Goode/NA/Enron@Enron, Dina Snow/Corp/Enron@Enron, Ed B Hearn III@ECT,
Eddy Daniels/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Eric
Gillaspie/HOU/ECT@ECT, Esmeralda Gonzalez/ENRON@enronXgate, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail Brownfeld/ENRON@enronXgate,
Genia FitzGerald/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Gloria
Cruz/Corp/Enron@Enron, Harry M Collins/HOU/ECT@ECT, Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James Grace/Corp/Enron@ENRON,
Janet.H.Moore@enron.com, Janice R Moore/HOU/ECT@ECT, Jeffrey T Hodge@ECT,
John Viverito/Corp/Enron@Enron, Julia Murray/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Kay Young/HOU/ECT@ECT,
Kaye Ellis/HOU/ECT@ECT, Kimberlee A Bennick@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Laurie Mayer/HOU/ECT@ECT, Legal Temp 1/HOU/ECT@ECT, Legal Temp 2/HOU/ECT@ECT,
Legal Temp 3/HOU/ECT@ECT, Legal Temp 4/HOU/ECT@ECT, Legal Temp 5/HOU/ECT@ECT,
Legal Temp 6/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Limor
Nissan/ENRON@enronXgate, Linda J Simmons/HOU/ECT@ECT, Linda R
Guinn/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT,
Marcus Nettelton/NA/Enron@ENRON, Margaret
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Mark Greenberg/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Martha Keesler/ENRON@enronXgate,
Mary Cook/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT, MaryHelen
Martinez/NA/Enron@Enron, Mary Ogden/HOU/ECT@ECT, Matt
Maxwell/Corp/Enron@ENRON, Merrill W Haas/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Michelle
Blaine/ENRON@enronXgate, Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nita Garcia/NA/Enron@Enron,
Nony Flores/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Paula Craft/HOU/ECT@ECT,
Peggy Banczak/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Reginald Shanks/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Robert H
George/NA/Enron@Enron, Robert Walker/HOU/ECT@ECT, Roseann
Engeldorf/Enron@EnronXGate, Samantha Boyd/NA/Enron@Enron, Samantha
Ferguson/NA/Enron@Enron, Sandi M Braband/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Sarah Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
Shawna Flynn/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Stephanie
Truss/Enron@EnronXGate, Steve Van Hooser/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT,
Taffy Milligan/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Theresa Zucha/NA/Enron@Enron, Travis
McCullough/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT
		 cc:
		 Subject: Visiting Attorneys

Below is a list of attorneys that are visiting the Houston office prior to
the ENA Legal Conference.

Atty	Home Location	Ext.	Office
Justin Boyd	London	(713) 345-2520	EB3808
Rahul Saxena	London	(713) 345-2678	EB3807
Mathew Dawson	London	(713) 345-2680	EB3812
Mark Evans	London	(713) 345-2679	EB3811A
David Minns	Australia	(713) 345-2682	EB3883
Matt Lee	Japan	(713) 345-2681	EB3828
Limor Nissan	New York	(713) 345-2683	EB3891
Alison Moss	Teesside	(713) 345-2722	EB3858F


Rick, I attach drafts of letters to Harris and Wilson.
The revised letter to Harris refers to the letter that Lavorato may send re
the hedge proposal.  That added language will obviously have to come out if
Lavo decides not to send his letter or if, by the time Lay's letter is to go,
it is still uncertain whther Lavo will make his proposal.   Address for copy
of Wilson's letter to Purchase is  Bryne Purchase, Deputy Minister, Ministry
of Energy Science &Technology, Hearst Block, 4th Floor, 900 Bay Street,
Toronto, Ontario, M7A 2E1; Address for copy of Wilson's letter  to Judy
Hubert is Judy Hubert, Assistant Deputy Minister, Energy Policy, Ministry of
Energy Science &Technology, 3rd Floor, 880 Bay Street, Toronto, Ontario M7A
2C1.


Hi, Mr. Kaminski:

How are you?

I am back to school for the new semester now. I am in contact with Molly
Magee for my travlling schedule to Enron.

I got from GARP that you chaired a seeesion on Energy Risk at the New York
Conference last week. If it is not too much trouble, could you please send a
copy of your presentation to me? I appreciate it.

See you soon!

Frank


Start Date: 1/31/02; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Lynn - Oncall

Date:		12/23/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description: