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you took the words right out of my mouth...

 -----Original Message-----
From: 	Calger, Christopher F.
Sent:	Tuesday, October 02, 2001 1:11 PM
To:	Dasovich, Jeff
Subject:	RE: Vikram Under Fire

couldn't happen to a nicer guy

Chris Calger
503-464-3735

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 02, 2001 9:51 AM
To:	Calger, Christopher F.
Subject:	Vikram Under Fire

In case you hadn't seen it, your pal Vikram's taking some pretty hard knocks right about now.  Hope all is well.
Best,
Jeff
Consumer Groups, Calif PUC Question Pwr Contract Validity
LOS ANGELES (Dow Jones)--Two California consumer groups have asked California Attorney General Bill Lockyer to investigate whether some state electricity contracts should be nullified because of a possible conflict of interest held by one of the state's negotiations, according to a press release Monday.
The Utility Reform Network and Consumers Union asked Lockyer to examine whether income earned from energy companies by consultant Vikram Budhraja presented a conflict of interest, because he may have been involved in contract negotiations with those companies
We believe there is ample evidence for the Attorney General to investigate whether some of the state's electricity contracts were made in violation of California's conflict of interest laws," said Bill Ahern, senior policy analyst with Consumers Union West Coast Regional Office. "If the Attorney General finds that a contract was made in violation of the law, it must be set aside as void."
Three weeks after Budhraja's January hire date, Williams Companies (WMB <http://quicken.excite.com/investments/quotes/?symbol=WMB>, news <http://quicken.excite.com/investments/news/?symbol=WMB>, msgs <http://quicken.excite.com/investments/discuss/?symbol=WMB>) won a $3.4 billion contract to provide power to the state over 10 1/2 years. Budhraja disclosed in mid-August that his company, the Electric Power Group, was paid more than $10,000 by Williams during the previous 12 months. Budhraja was hired by the California Department of Water Resources to negotiate power contracts, but hasn't said which generators he dealt with in the weeks before the Williams contract was signed.
"It is reasonable to assume that Budhraja may have been involved in the negotiations that led to the Williams contract," Ahern said. "It is also likely that there are more detailed records and evidence in existence, which only a subpoena or search warrant may uncover."
The groups also are concerned that Budhraja may have held a conflict of interest due to his potential involvement in negotiating a $3.9 billion contract with Allegheny Energy Inc. (AYE <http://quicken.excite.com/investments/quotes/?symbol=AYE>, news <http://quicken.excite.com/investments/news/?symbol=AYE>, msgs <http://quicken.excite.com/investments/discuss/?symbol=AYE>) while he owned stocks in energy companies, according to the release.
The Attorney General's office recently said it doesn't plan to investigate conflicts of interest involving energy contract negotiations. No one at the office could be reached for comment Monday.
The California Public Utilities Commission is also petitioning federal regulators to throw out some of the state's $43 billion in long-term energy contracts, the San Francisco Chronicle reported Monday.
The CPUC has argued in filings with the Federal Energy Regulatory Commission over the past three months that energy companies took advantage of the state's energy crisis to negotiate high-priced contracts, according to the report. The average price of power under the contracts is $69 a megawatt-hour, more than double peak electricity prices last week.
CPUC lawyers have filed challenges before the FERC on deals negotiated with Scottish Power (SPI <http://quicken.excite.com/investments/quotes/?symbol=SPI>, news <http://quicken.excite.com/investments/news/?symbol=SPI>, msgs <http://quicken.excite.com/investments/discuss/?symbol=SPI>) unit PacifiCorp, Alliance Colton LLC, Sempra Energy (SRE <http://quicken.excite.com/investments/quotes/?symbol=SRE>, news <http://quicken.excite.com/investments/news/?symbol=SRE>, msgs <http://quicken.excite.com/investments/discuss/?symbol=SRE>) and Calpine Corp. (CPN <http://quicken.excite.com/investments/quotes/?symbol=CPN>, news <http://quicken.excite.com/investments/news/?symbol=CPN>, msgs <http://quicken.excite.com/investments/discuss/?symbol=CPN>), according to the report.
Budhraja disclosed in August that he owned as much as $10,000 in Scottish Power stock while a $1 billion long-term contract with subsidiary PacifiCorp was being hammered out. The state signed the 10-year contract July 6. Budraha sold his stock July 30. State officials say Budhraja had nothing to do with the deal, according to the report.


A's always please me.  You seem to have applied yourself this semester and I
am pleased.  Congratulations.


Management Committee Meeting
Date:		Monday, November 26
Time:		11:00 a.m. (Central)
Location:	50th Floor Boardroom
Video:		Connections will be established with remote locations upon request.
Conf. Call:	Please contact Joannie Williamson for dial-in number and passcode.

Please indicate if you plan to attend this meeting and through what medium.

_____	I will attend in person
_____	Via video conference
_____	Via conference call
_____	I will not attend

Please return this e-mail to me with your response.

Thanks,
Joannie
3-1769


Sara:

I typed these transactions and stored them in Kaye's "C" drive for future use
or to be transfered to your own data files.
It was great seeing you again and I wish you the best.

Have a great weekend!

Gaby


Pat,

This waiver has to deal with a provision in the ECT master swap agreement
that requires that the agreement and its contents be kept confidential,
except to certain people like auditors.  It did not allow the agreement to be
provided to affiliates.  Duke wants to copy the terms of the master agreement
in has in place with ECT and use it for this Duke Energy International that
is doing the deal down in Argentina.  Duke Energy cannot even provide Duke
Energy International with a copy of this agreement unless it gets ECT's
permission to give them a copy of the agreement.  That it what I am trying to
resolve, whether there is any business reason why we would not want to give
Duke Energy International the right to look at that agreement.

Your issue, obviously, is what business Federico is doing.  My issue is more
of a documentation/legal issue.


Tony Pryor recommended that I put back into the policy section II A &B so
that at our meeting tomorrow at 10:00 A.M. we can discuss them.  Please use
this copy of the draft dated 12/5/00 to discuss from tomorrow.

	From:  Dan Fancler                           12/01/2000 11:28 AM

To: Drew Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, Lee Ferrell/ET&S/Enron@Enron
cc: Bob Chandler/ET&S/Enron@Enron

Subject: ETS risk management policy revisions

I have included Drew's recommendations and have amended the 11/6/2000 drafts
of the ETS Risk Policy and Risk Procedure.  The significant change made was
to take out references to Hedging and Non-Hedging Transactions (II A. & B.
have been taken out).  We will just call them all Derivative Transactions.  I
would like Tony Pryor to arrange a meeting with all parties to move these
documents forward, an alternative is to continue to use the Corporate Risk
Management Policy and just set the trading limits as part of the Corporate
Policy.

Cassandra Schultz in RAC has not responded to the policy and I plan to
follow-up with her after we meet to discuss.

Dan


Dude:
If I don't see you, good luck this weekend, have fun, and congratulations.
Very cool deal.  And remember, be true.

Best,
Jeff


Carol,

For your review, I've attached the adjustments our legal department is
proposing to the Consent to Assignment since receiving your red-lined
version from Rhonda Denton.  As to the transfer effective date, since we are
now into June, we would expect the transfer date to be as of July 1st.
Please let me know as soon as possible your comments on MEGA's most recent
proposed Consent to Assignment (attached below).

 <<MEGA  Assignment Consent Agreement  Version 2 RED_.doc>>

Thanks,

Kristina M. Drew
Contract Administrator
Merchant Energy Group of the Americas, Inc.
410.295.1708

> -----Original Message-----
> From: Rhonda.L.Denton@enron.com [SMTP:Rhonda.L.Denton@enron.com]
> Sent: Wednesday, June 06, 2001 3:24 PM
> To: DrewK@merchantenergy.com
> Cc: Carol.St.Clair@enron.com; Wendy.Conwell@enron.com
> Subject: Re: MEGA Assignment
>
> Kristina, here are the proposed changes to the Assignment Consent
> Agreement.  Our attorney is Carol St. Clair .  Please respond to her (and
> copy me if via email) with your response to the proposed changes.  She
> indicated that we are negotiating an amendment to our master with Morgan
> in
> order to accommodate this assignment so we will not be executing the
> Assignment Consent Agreement until Enron and Morgan sign the amendment to
> our Master with them.   We need to know from MEGA and Morgan what the
> transfer effective date is that establishes the cutoff date for these
> trades as between ourselves and each of Morgan and MEGA.  She indicated
> that her revised draft of the Consent makes it clearer how this cutoff
> date
> works.  Carol's contact information is below.
>
> Carol St. Clair
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
> carol.st.clair@enron.com
>
> (See attached file: MEGA  Assignment Consent Agreement  Version 2.doc)(See
> attached file: MEGA  Assignment Consent Agreement  Version 2 RED.doc)
>
>  << File: MEGA  Assignment Consent Agreement  Version 2.doc >>  << File:
> MEGA  Assignment Consent Agreement  Version 2 RED.doc >>

 - MEGA  Assignment Consent Agreement  Version 2 RED_.doc


With regard to:

UAMPS: Approved for West Physical Power, Buys and Sales
Western Area Power Administration: Approved for West Physical Power, Buys and
Sales

With regard to:
Utah Municipal Power Agency: NOT APPROVED  (not a current CP/Not FERC
authorized)

With regard to everyone else on the list:

Ditto Credit

Thanks,

Shari

	Tana Jones
	02/21/2001 03:14 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: EOL approvals, 2-21-01

----- Forwarded by Tana Jones/HOU/ECT on 02/21/2001 05:14 PM -----

	Walter Guidroz@ENRON
	02/21/2001 05:09 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT,
Tom Moran/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron,
Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT,
Sonya Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect
		 cc:
		 Subject: EOL approvals, 2-21-01

Please see attached.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/30/2001
02:04 PM ---------------------------

Alex Huang@ENRON
04/30/2001 10:44 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Tom Halliburton/Corp/Enron@Enron, Amitava
Dhar/Corp/Enron@ENRON
cc:
Subject: Weather Knock Out Option (mean reverting + jump diffusion with mean
reversion)


FYI,
We have replaced several printers and added 2 new color printers "Newport &
San Diego". Printers Catalina and Savannah are out of service until further
notice. We will continue to replace older printers over the next few days, so
please be patient as we go through this process.
Please run the "NTPrint" icon on your desktop to get the latest changes.

Thanks,
Mike


Start Date: 4/29/01; HourAhead hour: 23;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042923.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/29/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_4C
  ENGY_TYPE: FIRM


Daryll,
Try these instructions and let me know if this works.  Thanks.
PL

 -----Original Message-----
From: 	Hungerford, James
Sent:	Tuesday, October 23, 2001 3:11 PM
To:	Love, Phillip M.
Subject:	FW: Weapon X ODBC Configuration

P Love:
Here are the instructions for adding the correct drivers for Weapon X.  Keep for your future reference.
You might want to forward to Chicago office - I have not done so.

Thanks

James Hungerford
713.345.4117
james.hungerford@enron.com

 -----Original Message-----
From: 	Mayeux, David
Sent:	Tuesday, October 23, 2001 2:59 PM
To:	Hungerford, James
Subject:	Weapon X ODBC Configuration

 James,
   Here are the configuration requirements for WeaponX in our environment in Houston. -

   You need the following ODBC Drivers configured, You can access this by
   Start->Run and typing in ODBCAD32
   OR
   Start->Settings->Control Panel->ODBC / (Windows 2000) Start->Settings->Control Panel->Admin Utils->ODBC

   Make sure the following are in the screen that open, if not you can add them by clicking the add button and selecting ORACLE ODBC drivers. All the entries should be in LOWER case.

  Data Source Name : EGSPROD
  Service Name/Server : ERMT

  Data Source Name : EGSPROD32
  Service Name/Server : ERMT

  Data Source Name : CPR
  Service Name/Server : CPR

  Date Source Name : CPR_PROD
  Service Name/Server : CPR

  If you have any additional questions, just me let know.

   David Mayeux
   31/32 Trader Support


guys, I am out of town - John you will have to represent EA.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
10:04 AM ---------------------------

	Tracy L Arthur

	02/08/2001 09:16:35 AM

To: Stanley Horton/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT, Colleen Sullivan/HOU/ECT@ECT,
John Thompson/LON/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Christopher B
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Leff/HOU/EES@EES, Tim
DeSpain/HOU/ECT@ECT
cc: Celeste Roberts/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT, Donna
Jones/HOU/ECT@ECT, Cindy Stark/Corp/Enron@ENRON, Kimberly Nelson/OTS/Enron,
Kay Chapman/HOU/ECT@ECT, Tammie Schoppe/HOU/ECT@ECT, Sue Ford/HOU/ECT,
Kimberly Brown/HOU/ECT@ECT, Karin Ahamer/EU/Enron@Enron, Cathy
Phillips/HOU/ECT@ECT, Ann Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathy
Dodgen/HOU/EES@EES, Carol Ann Brown/Enron Communications@Enron
Communications, Marion Sczykutowicz/HOU/ECT@ECT
Subject: CONFIRMATION - Associate Orientation Business Unit Presentations

Thank you all for agreeing to participate with the Associate Orientation -
Introduction  Enron's Businesses presentations.  The presentations will be
conducted on the dates and times listed below, as previously scheduled.  All
presentations will take place at the Doubletree Allen Center in the Dezavala
room.

If you have any questions or require any additional information, please feel
free to contact me at 713-345-7853.

Thank you again,
Tracy Arthur
Communication Specialist

LOCATION:
Doubletree Allen Center
Dezavala Room

WEDNESDAY, FEBRUARY 14
ETS  Stan Horton  Wednesday, February 14 9:15 a.m. - 9:45 a.m.
EA  Dave Delainey  Wednesday, February 14 9:45 a.m. - 10:15 a.m.
ENW  Louise Kitchen  Wednesday, February 14 10:30 a.m. - 11:00 a.m.
EIM  Jeff McMahon  Wednesday, February 14 11:00 a.m. - 11:30 a.m.
Trading Simiulation  Colleen Sullivan Wednesday, February 14 1:30 p.m. - 2:00
p.m.
EEL  John Thompson Wednesday, February 14 2:00 p.m. - 2:30 p.m.
EGM  Mike McConnell  Wednesday, February 14 2:30 p.m. - 3:00 p.m.
EGA  Chris Hunt  Wednesday, February 14  3:00 p.m. - 3:30 p.m.

THURSDAY, FEBRUARY 15
EES   Dan Leff Thursday, February 15  8:45 a.m. - 9:15 a.m.
EBS   Kevin Hannon Thursday, February 15  9:15 a.m. - 9:45 a.m.
Global Finance  Tim Despain Thursday, February 15  10:15 a.m. - 10:15 a.m.


Dear Dale and Brent,

We have checked this morning and these do not seem to have been loaded yet.
Is there anything else that we need to do from the Tokyo side?

This is very urgent.

Thanks

Jane McBride

----- Forwarded by Jane McBride/AP/Enron on 09/25/2000 10:33 AM -----

	John Viverito
	09/25/2000 10:31 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: Re: Japanese Weather Derivative GTC's for EOL

FYI
----- Forwarded by John Viverito/Corp/Enron on 09/24/2000 08:30 PM -----

	Brent Hendry
	09/21/2000 08:16 AM

		 To: John Viverito/Corp/Enron@Enron
		 cc: Dale Neuner/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Suttle/HOU/ECT@ECT, Jonathan
Whitehead/AP/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Morten E
Pettersen/AP/Enron@Enron, Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jane McBride/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: Re: Japanese Weather Derivative GTC's for EOL

The documents can be loaded.  Please note that the style and font of the Tax
representation section will need to conform to the rest of the document.
Dale what needs to happen next.  John, I am working on trying to develop a
policy and language to incorporate into certain of the Password Applications
that would require the counterparty to specify a process agent in the US.  I
think this policy would also be applicable as well to any Non-US counterparty
or Non-Japanese counterparty that would trade under this GTC.  I will keep
you informed of my progress.

Thanks,
Brent


Hey Becky,

I haven't heard from you in a while.  I know, I know, you haven't heard from
me either.  I wanted to check in and see how you're doing.  I talked to
Shannon and she filled me in on how Megan's doing.  I want you to know my
family and I are praying for you guys.  I know everyone says this but if
there is anything I can do I'd love to help out.  I'm going Christmas
shopping this weekend if you need me to pick up anything for you.  I've got
to finish all my shopping and buy something for my mom from my dad.  He had a
hip replacement in October and is still hobbling around.  He's actually doing
really well considering he had major surgery.   I think he expected to be
running marathons by now.

I'd love to tell you at lot of interesting things going on in my life right
now, but unfortunately my life can be summed up in one word right
now...WORK.  I think my other group members are trying to kill me this
month.  We have a group of three people and at least two have to be here each
day.  Well, I have to work a double shift to cover for someone all but one
week this month.  So that's pretty much all I have time to do now.  In fact
I'm headed home pretty soon to take a nap before my next shift this
afternoon.  That is the one bonus of this split shift day.

Let me know how you're doing when you get a chance.

Robin


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/12/2001
12:07 PM ---------------------------

	Enron North America Corp.

	From:  Misti Day                           02/12/2001 10:22 AM

To: Darron C Giron/HOU/ECT@ECT, Anne Bike/Corp/Enron@Enron
cc: Binh Pham/HOU/ECT@ECT, Edie Leschber/HOU/ECT@ECT
Subject: January Originations

The originations below were granted to Barry Tycholiz in January.  Per Barry,
these originations should have been granted to him through "West Gas
Origination" rather than "Middle Market - West".  Please make these
corrections in February in order to correct the NG P&L for the quarter.
Thanks for your help!  Please call me with any questions.

Thanks,
Misti
x39525


Karen,

I have a doctor's (eye doctor) appointment tomorrow at 9:30. I will come in the office first and then go to see the doctor.

thanks,
Monika


Richard Sanders just called me from the court house.  Please do not release
any information about the TRO until we hear otherwise from Richard.  Thanks.


-----Original Message-----
From: 	Blair, Lynn
Sent:	Wednesday, March 06, 2002 4:43 PM
To:	Corman, Shelley
Cc:	Blair, Lynn
Subject:

	Shelley attached is the latest on the calendar and procedures.  I am still working on
	both, but wanted to get something to you.  Let me know if I am way off base with what
	you are looking for.  We'll keep trying to refine the document into procedures. Thanks. Lynn


Seabron --

Here is a paper Brattle is putting together for Enron in Japan.  See Section
5 - A Japanese Pool.  They make several good arguments as to why a mandatory
pool with financial settlements around the pool is key for Japanese
liberalization.   Maybe steal some of their ideas for our US policy arguments.

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/19/2001 01:04 PM -----

	Mark Schroeder@ECT
	03/19/2001 05:25 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Mark Crowther/AP/Enron@Enron, Steven J Kean/NA/Enron@Enron, Nicholas
O'Day/AP/Enron@Enron
		 Subject: new draft

Jim - this is what we discussed in Houston last week, i.e., a proposal for a
market in Japan.  Any thoughts would be appreciated, I am sure, by Mark
Crowther and Nick O'Day.   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 19/03/2001
11:28 ---------------------------

"Boaz Moselle" <boazm@brattle.co.uk> on 16/03/2001 19:53:11
To: "Mark Crowther" <Mark.Crowther@enron.com>
cc: "Mark Schroeder" <Mark.Schroeder@enron.com>, "Peter Styles"
<Peter.Styles@enron.com>, "Paul Dawson" <Paul.Dawson@enron.com>,
<Nicholas.O'Day@enron.com>

Subject: new draft

Mark: please find attached the new draft. As we  discussed this morning, we
still need to add some details (cites etc) that you  will send us, and also
add additional local examples which you will  identify.
?
I would like to spend a few more hours going over  the appendices, so will
send them to you on Monday. Look forward to getting your  thoughts, and
hopefully to seeing you over here in April.
Regards,
Boaz
 - Brattle Japan Report draft March 16.doc


Hey Greg.  I see no objection to amending the ISDA to cover power
transactions.  Also,  potential credit exposure related to a prompt month
power trade should be modest.  You may want to ensure that Tracy has no
objection, but this transaction should be fine.

Rod

 -----Original Message-----
From:  Wolfe, Greg
Sent: 25 May 2001 15:51
To: Nelson, Roderick
Cc: St Clair, Carol; Ngo, Tracy
Subject: RE: Kaiser Aluminum & Chemical Corporation - UK and US swaps

Rod:

We are looking at doing a June physical index power purchase today with
Kaiser. however, Kaiser only wants to proceed if we can assure them that we
can add electricity to the existing ISDA between Enron and Kaiser such that
they could fix the price during the month of June. After reading your comment
below about netting it appears that a longer term transaction would not be
advisable until further legal clarification occurs. Is there any reason we
can't or shouldn't pursue adding electricity to the ISDA provided we only do
one month transactions (assuming we see no risk of near term bankrupcty)?
Please advise immediately.

 -----Original Message-----
From:  Nelson, Roderick
Sent: Friday, May 25, 2001 2:53 AM
To: Ngo, Tracy
Cc: St Clair, Carol; Shackleton, Sara; Pitt, Michael; Boyd, Justin; Evans,
Mark; Wolfe, Greg
Subject: RE: Kaiser Aluminum & Chemical Corporation - UK and US swaps

Tracy,

Did you have a chance to read my email response earlier this week?  I believe
that it is highly unlikely that we will be able to net exposures across
non-defaulting (Enron) entities.  Paul Simons can (and maybe has by now)
given opinion to this idea.  Historically, I believe the opinion has long
been that such netting (set-off against affiliates of non-defaulting party)
in the US should work within the case of contractual default, but outside of
bankruptcy.  However, in the special case of legal bankruptcy, such netting
(though contractually agreed by the parties) may be challenged.  Introducing
the fact that one of Enron's entities is a UK entity may further cloud the
likelihood.  Clearly, if the relationship involves more than on Kaiser
entity, netting almost certainly will not work.

Has Diana not responded to your credit exposure questions regarding the form
of governing confirmation and legal entity?  I believe that she is in the US,
but should be checking in.  Perhaps you should try calling her?  I think we
will find that the transacting entity is a subsidiary of Kaiser Aluminum.

Risk management systems for metals are still not ideal.  Volumetric/CVAR type
analysis may not yield such reliable results.

Rod

 -----Original Message-----
From:  Ngo, Tracy
Sent: 24 May 2001 22:15
To: Nelson, Roderick
Cc: St Clair, Carol; Shackleton, Sara; Pitt, Michael; Boyd, Justin; Evans,
Mark; Wolfe, Greg
Subject: Kaiser Aluminum & Chemical Corporation - UK and US swaps
Importance: High

Rod,

Enron North America is looking to enter into power swaps with Kaiser Aluminum
& Chemical Corporation starting June 2001.  I'm seeing in the credit system
that MG plc has forward financial metals positions with Kaiser, however I
need clarification on whether the swaps are done with Kaiser Aluminum &
Chemical Corporation or Kaiser Aluminum International Inc.  Secondly, is
there a Master ISDA Agreement governing those swaps?  In pulling the mtm
monthly breakout, it appears that MG plc is OTM north of $10MM US and the
liquidation of that portfolio occurs mostly in cal '02.

Given Kaiser's limited credit line, I'd like to look into the potential of
setting off financial exposures in the UK and US in cases of default.  Kaiser
is looking at other businesses with Enron and this could be quite fruitful to
tap into in order to increase trading liquidity going forward.

In summary, we need to answer at minimum the following:
? confirmation of which Kaiser entity is financial transacting with MG plc
? volatility of the metal positions that go out to Jan '04 to ensure how
quickly this out-of-the-money position can move
? what type of paper is confirming the swaps (whether long-form confirms or
Master ISDA)
? what credit/legal terms and laws may affect our efforts to establish a
Netting Agreement for UK and US financial

Can you help me in coordinating a meeting with London legal/credit and
Portland credit/Houston legal to discuss pertinent issues associated with a
Netting Agreement between Kaiser (single entity or multiple entities) and
Enron entities (MG plc and ENA) as soon as possible.  Please let me know your
thoughts to the above and who we need to contact to get the above points
addressed.  In Houston legal, Carol St. Clair is available to work on the
drafting of such a Netting Agreement and is speaking with Sara Shackleton
about the concept as well.

Please let me know as soon as possible your comments to the above and in
setting up a conference call to push this forward.

Thanks,
Tracy


Dear Vince,

I am writing to bring to your attention a GSIA student, John Gordon, who is
currently being considered for Enron's Associates program.  My understanding
is that Mark Courtney and Andrew Miles at Enron are championing John as a
late addition to the program.

While I know Enron doesn't routinely recruit at GSIA, John would be an ideal
candidate if you are willing to make an exception.  He is a terrific finance
student with a strong transcript; including an A+ in my Options class. Since
John has an engineering/energy background, he asked early on for additional
background reading about finance and energy.  John is personable and
outgoing.  Normally the job market for someone of John's caliber would have
already cleared, but I have been told that there are dual career issues at
play here.

I would be very appreciative if you would take a look at John.  A copy of
his resume is attached to this email.

Best regards,
Duane

********
Duane Seppi

Graduate School of Industrial Administration
Carnegie Mellon University
Pittsburgh PA  15213-3890

tel. (412) 268-2298
fax (412) 268-8896

email ds64@andrew.cmu.edu

 - John Gordon's Resume


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/28/2000
09:18 AM ---------------------------

Clem Cernosek
11/07/2000 03:45 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Anita
Luong/HOU/ECT@ECT
Subject: HPL Meter #981525 Texoma D/P- GSU HPL

Daren:

On 1/5/99, the above meter recorded flow 1,703 Mmbtus.  Currently, this
volume is booked to the HPL Strangers Gas Contract.  Logistics needs approval
to writeoff this volume to Unaccounted for Gas Loss.

                                            ___________
 APPROVAL to Writeoff the volumes to Unaccounted for Gas Loss

Please print, approve, and return original to me.

Thanks, Clem


Carl,

Berney just gave my your name. I am in Generation Transaction Group, working
for Thomas Suffield. I would like to sit down with you sometime today (if
possible) to talk about "Retail Short" project. Please let me know when can I
meet you. Please see below email for the summary of the project. Thank you.

Jinsung Myung
(Ext: 37330)
---------------------- Forwarded by Jinsung Myung/Corp/Enron on 02/24/2000
10:08 AM ---------------------------

Jinsung Myung
02/23/2000 09:53 AM
To: Thomas M Suffield/Corp/Enron@Enron
cc: Benjamin Rogers/HOU/ECT@ECT

Subject: Retail Short update

Thomas,

Ben and I had a meeting with Don on Tuesday. Please see below for the summary
of meeting:

ENA would sell to an IPP (AES or Calpine) a combination of EES short position
and peaking turbines.

ENA would generate profit from;
 1. spread between buying power from the IPP and selling it to EES at premium
- will be very thin
 2. having a call option on the peaking plant for the portion of excess
capacity of the plant
 3. fees from EES or/and IPP for providing/arranging capacity/off-taker
 4. better project financing by leveraging up more and having lower debt
cost, which would be possible by having off-taker (EES) - Not quite sure yet.

Next steps/Assumptions;
 1. Assume equity IRR of 12% after tax
 2. Match assets to EES load curve
 3. Dispatch assets into market when not to meet load @ENA curve ("RevenueM")
 4. Calculate transfer price to meet load ("RevenueL") to meet equity return
objectives of 12%
 5. Compare "RevenueL" to EES's market position
 6. Find Scaler value (option value from volatility)
 7. Calculate book earning for bid package
 --> We try to have work of 1 to 4 done by Thursday (2/24). Next meeting with
Don is scheduled on Thursday.

Regarding our starting point of NY East, EES has short position ranging from
0 MW to 126 MW in NY East region for next 11 years. I attached Excel file
which shows an analysis of NY East including load graph.

To read EES data correctly, see the below definition.
 - WD: weekdays, WE: weekends.
 - Each 4 hour block number shows average load for 4 hour block, so actual
peak load is higher than that.

Idea of sharing data with East Coast Power: Don does not mind if we
distribute EES data internally within Enron, but he does not want data to go
to Elpaso. He does not know Brad Alford.

Jinsung
(Ext: 37330)


Patrice,
Here are the changes we talked about.  If you are agreeable, I will
incorporate them into the document a forward you a new original.. Thanks.
Vonda

 <<Doc1.doc>>

 - Doc1.doc


Please include the transactions by desk sheets?


The following file contains a graphical view of the North American Gas average deal count by Trader and Product for EOL. This information is for comparative analysis only.  Do not update links when opening this file.

If you have any questions regarding this breakout, please let me know .

Adam Johnson
EnronOnline
x54877


Good job.

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Wednesday, October 24, 2001 11:00 AM
To:	Osire, Ann; Wallumrod, Ellen; Dickson, Stacy E.
Subject:	Amendment Update

 The following Amendments have been fully executed:
 Laurens,The Energy Authority, and eprime.

 These amendments have been sent for signature:

 TXU, Phillips, PSEG,

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


pls print .  thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/05/2000
02:39 PM ---------------------------

"Jeffrey C. Alexander" <Jalexander@Gibbs-Bruns.com> on 06/05/2000 09:45:52 AM
To: "'dfossum@enron.com'" <dfossum@enron.com>, "'bdavis@enron.com'"
<bdavis@enron.com>
cc:

Subject: Revised jury Charge

Here is a new and improved draft of the jury charge.  Not much in the way of
substantive changes.

 <<1Q_J01!.WPD>>

 - 1Q_J01!.WPD


Deal all,

I have written the option pricing formula for European (EURO), American
(Amer) and Asian (AGC) options.
I have also cited the references for each option.  The function names in ( )
are the option models in the
Enron Exotica options library.   You do not have to have outside programmer
to duplicate our work, since we have
constructed and tested these models.

If you have any questions, please let me know.

Zimin

Vince J Kaminski
06/30/2000 02:31 PM
To: Michael Danielson/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
Subject: Re: EOL Phase 2

Michael,

Please, contact Zimin Lu.

Vince Kaminski

Michael Danielson
06/30/2000 01:10 PM
To: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT
cc: Angela Connelly/LON/ECT@ECT, Savita Puthigai/NA/Enron@Enron
Subject: EOL Phase 2

Thanks for your help on content for EOL phase 2.

An additional piece of content that we are trying to include in our scope is
an options calculator.  This would be an interactive tool to teach less
sophisticated counterparties about options.  We would like to collaborate
with someone in research to refine our approach (and make sure we're using
the right formulas).  Who should we contact in research for this?

Attached is a mock-up of what we have in mind...

 - Calculator Prototype.ppt


Mike Driscoll is entering a bunch of deals for Swerzbin right now - they'll
be done in just a minute.

Evelyn Metoyer@ENRON
02/13/2001 01:39 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Amerex 2/13 Checkout

I am missing the following deals for Mike Swerzbin per Amerex:

B  American Electric Power  250  MID C  4/1/01- 6/30/01 25  off    23,775
$.0075 fee

S  Merrill Lynch Capital Services, Inc.  175  NP 15  10/1/01- 12/31/01 25
on    30,800    $.0075 fee

B  TransAlta Energy Marketing (U.S.) Inc.  260  MID C  3/1/01- 3/31/01 25
off    7,800     $.0075 fee


As you are aware, Enron utilizes temporary staffing services to satisfy
staffing requirements throughout the company.  For the past several months, a
project team, representing Enron,s temporary staffing users, have researched
and evaluated alternative Managed Services programs to determine which source
would best meet our current and future needs in terms of quality, performance
and cost containment objectives.  The Business Unit Implementation Project
Team members are:

Laurie Koenig, Operations Management, EES
Carolyn Vigne, Administration, EE&CC
Linda Martin, Accounting & Accounts Payable, Corporate
Beverly Stephens, Administration, ENA
Norma Hasenjager, Human Resources, ET&S
Peggy McCurley, Administration, Networks
Jane Ellen Weaver, Enron Broadband Services
Paulette Obrecht, Legal, Corporate
George Weber, GSS

In addition, Eric Merten (EBS), Kathy Cook (EE&CC), Carolyn Gilley (ENA),
Larry Dallman (Corp/AP), and Diane Eckels (GSS) were active members of the
Selection Project Team.

As a result of the team,s efforts, we are pleased to announce the beginning
of a strategic alliance with CORESTAFF,s Managed Services Group.  This group
will function as a vendor-neutral management entity overseeing all staffing
vendors in the program scope. They will also provide a web based online
technology tool that will enhance the ordering and reporting capabilities.
The goal of our alliance with CORESTAFF is to make obtaining a temporary
worker with the right skills and experience easier while protecting the best
interests of the organization.

We plan to implement Phase I of this improvement effective January 2, 2001.
This Phase I of the implementation will encompass administrative/clerical
temporary workers at the Houston locations only. If you currently have
administrative/clerical temporary workers in your department, the enhancement
will not affect their position. In an effort to preserve relationships, all
current staffing vendors will be invited to participate in this enhanced
program.  CORESTAFF shares our commitment to minimize any disruptions in
service during this transition.

We expect to incorporate the administrative/clerical workers in Omaha,
Seattle and Portland in Phase II, which is scheduled for February, 2001.  The
scope and timing of any additional phases will be determined after these two
phases have been completed.

Realizing the impact that the temporary workforce has in business today, we
selected CORESTAFF,s Managed Services Group based on their exceptional
management team, commitment to quality service, and creative solutions to our
staffing needs.  The relationship promises to offer Enron a cost effective
and simple means for obtaining temporary employees.

In the coming weeks, Enron and CORESTAFF,s Managed Services Group will be
communicating to Enron,s administrative/clerical temporary staffing vendors
about the new process.

There are many benefits to this new Managed Services program, which are
outlined on the attached page.  More details on how to utilize CORESTAFF,s
Managed Services program will be announced soon and meetings will be
scheduled to demonstrate the reporting system and to meet the Managed
Services team.

What is Managed Services?

CORESTAFF,s Managed Services program includes:

? Vendor-neutral management model
? Equal distribution of staffing orders to all staffing partners
? Web-based application with online ordering, data capture and customized
reporting
? Benchmarking and performance measurement for continuous improvement
? Methodologies for accurate skill-matching and fulfillment efficiencies

Key Benefits

? More vendors working on each order from the outset ) faster access to
available talent pools
? Standardized mark-ups and fees to manage costs more effectively
? Online access to requisition status for users
? Robust databases offering managers enhanced tracking and reporting of
temporary usage and expenditures
? Standard and customized reporting capabilities -- online
? Tenured, experienced Managed Services team on-site to assist users in
accessing web site, identifying usage trends, preparing specialized reports,
etc.

Corestaff/Managed Services/Staffing

Joseph Marsh ) Lead / Operations (josephm@corestaff.com; 713-438-1400)
Amy Binney, Sharon B. Sellers ) Operations
Cherri Carbonara ) Marketing / Communications
Cynthia Duhon )Staffing Partner management


-----Original Message-----
From: SCOTT POTTERACK [mailto:Scott.Potterack@owens-ill.com]
Sent: Wednesday, November 28, 2001 7:25 PM
To: david.delainey@enron.com
Subject: FW:Returned mail: see transcript fo

Scott Potterack
Owens-Illinois, Inc.
One Seagate
Toledo, OH 43666
419.247.1982
419.247.1014 fax
scott.potterack@owens-ill.com
------------------( Forwarded letter 1 follows )---------------------
Date: Wed, 28 Nov 2001 17:55:30 -0500 (EST)
To: Scott.Potterack
From: Mail.Delivery.Subsystem[MAILER-DAEMON]@oiss0001.owens-ill.com
Sender: MAILER-DAEMON@gcs.alias
Subject: Returned mail: see transcript for details

The original message was received at Wed, 28 Nov 2001 17:55:29 -0500 (EST)
from root@localhost

   ----- The following addresses had permanent fatal errors -----
<david.delaine@enron.com>
    (reason: 550 5.1.1 <david.delaine@enron.com>... User unknown)

   ----- Transcript of session follows -----
... while talking to mailman.enron.com.:
>>> RCPT To:<david.delaine@enron.com>
<<< 550 5.1.1 <david.delaine@enron.com>... User unknown
550 5.1.1 <david.delaine@enron.com>... User unknown

------------------( Forwarded letter follows )--------------------
Reporting-MTA: dns; oiss0001.owens-ill.com
Arrival-Date: Wed, 28 Nov 2001 17:55:29 -0500 (EST)

Final-Recipient: rfc822; david.delaine@enron.com
Action: failed
Status: 5.1.1
Remote-MTA: DNS; mailman.enron.com
Diagnostic-Code: SMTP; 550 5.1.1 <david.delaine@enron.com>... User unknown
Last-Attempt-Date: Wed, 28 Nov 2001 17:55:30 -0500 (EST)

------------------( Forwarded letter follows )--------------------
Return-Path: <Scott.Potterack@owens-ill.com>
Received: from oiss0001.owens-ill.com (root@localhost)
	by oiss0001.owens-ill.com with ESMTP id fASMtT515976
	for <david.delaine@enron.com>; Wed, 28 Nov 2001 17:55:29 -0500 (EST)
Received: from ointvir1.owens-ill.com (ointvir1.owens-ill.com [10.196.24.75])
	by oiss0001.owens-ill.com with SMTP id fASMtTZ15968
	for <david.delaine@enron.com>; Wed, 28 Nov 2001 17:55:29 -0500 (EST)
Received: FROM taogcs01.owens-ill.com BY ointvir1.owens-ill.com ; Wed Nov 28 17:55:27 2001 -0500
X-Internal-ID: 3C03ED9300004E76
Received: from owens-ill.com (10.24.8.70) by taogcs01.owens-ill.com (NPlex 2.0.119); Wed, 28 Nov 2001 17:55:27 -0500
Message-ID: <NZ6ec32e-6a10567a@owens-ill.com>
Date: Wed, 28 Nov 2001 17:54:00 -0500
From: "SCOTT POTTERACK" <Scott.Potterack@owens-ill.com>
To: michael.mann@enron.com, david.delaine@enron.com
Cc: tvalenzu@enron.com, mpalmer1@enron.com
Subject: Ability to Perform

Based on confirmation by Tony Valenzuela that the Enron - Dynergy merger will
not occur as suggested in your memo of November 20, 2001, I am concerned about
your company's ability to perform under our Commodity Management Agreement
(CMA) dated January 6, 2001.

Accordingly, please:

1. prove to me that the utility accounts for which your company provides bill
payment services are current and utility invoices for the October month
business have been paid and there are no amounts in arrears,

2. prove to me that natural gas deliveries were properly made for November,
2001  into the citygates of the local distribution companies which service the
natural gas accounts listed in the CMA,

3. Prove to me that natural gas deliveries will be properly made for December,
2001  into the citygates of the local distribution companies which service the
natural gas accounts listed in the CMA.

Please provide this information by the end of this week so that we are
comfortable that our agreement is in proper working order for the month of
December, 2001.

Thank you.

Scott Potterack
Owens-Illinois, Inc.
One Seagate
Toledo, OH 43666
419.247.1982
419.247.1014 fax
scott.potterack@owens-ill.com


Forwarded at the request of Linda Robertson:

	Ed Gillespie <EdGillespie@QuinnGillespie.com>
	04/24/2001 08:55 AM

		 To: "'linda.robertson@enron.com'" <linda.robertson@enron.com>
		 cc:
		 Subject: Fw: new Electricity Emergency Relief Act draft

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

-----Original Message-----
From: Black, Andy <Andy.Black@mail.house.gov>
To: Bud Albright (E-mail) <bud_albright@reliantenergy.com>; Roy Coffee
(E-mail) <rcoffee@oconnorhannan.com>; Randy Davis (E-mail)
<rdavis@sdsatty.com>; Ed Gillespie (E-mail)
<EdGillespie@QuinnGillespie.com>; Jimmy Glotfelty (E-mail)
<jimmyg@calpine.com>; Jim HAGAN (E-mail) <jgh@nei.org>; Charles Ingebretson
(E-mail) <cingebretson@bracepatt.com>; Beth Jafari (E-mail)
<bjafari@kslaw.com>; Joe Nipper (E-mail) <jnipper@appanet.org>; Marty Kanner
(E-mail) <mkanner@kannerandassoc.com>; Genevieve Laffly-Murphy (E-mail)
<Laffly@api.org>; David Lynch (E-mail) <dlynch1@txu.com>; Jeff MacKinnon
(E-mail) <Jeff@rpum.com>; Yvonne Mcintyre (E-mail)
<yvonne.mcintyre@mirant.com>; Mike McKenna (E-mail) <Lazgrp@aol.com>; Jim
McVaney (E-mail) <Jim_McVaney@americanchemistry.com>; Philip Moeller
(E-mail) <pmoeller@calpine.com>; Nicole Morgado (E-mail)
<nkmorgado@bpa.gov>; Cal Odom (E-mail) <codom@eei.org>; Gene Peters (E-mail)
<gpeters@epsa.org>; Mike Riith (E-mail) <mjriith@southernco.com>; Cynthia
Sandherr (E-mail) <Cynthia.Sandherr@NewPower.com>; Kerrill Scrivner (E-mail)
<kscrivner@txu.com>; Mike Scrivner (E-mail) <mscrivner@lentdc.com>; Scott
Segal (E-mail) <ssegal@bracepatt.com>; Rhod Shaw (E-mail)
<rshaw@alpinegroup.com>; Kathryn Steckelberg (E-mail)
<KSteckelberg@eei.org>; Linda Stuntz (E-mail) <lstuntz@sdsatty.com>; Montee
Wynn (E-mail) <montee.wynn@nreca.org>; Marc Yacker (E-mail)
<myacker@elcon.org>
Sent: Mon Apr 23 19:47:35 2001
Subject: new Electricity Emergency Relief Act draft

>  <<discussion draft 2.PDF>>  <<section by section 2.doc>>

 - discussion draft 2.PDF
 - section by section 2.doc


Don't leave me hanging!!!  What are you thinking?  Any TW discussion?  I always hold our conversations in strict confidence.
Talk to me..............................................

-----Original Message-----
From: Corman, Shelley
Sent: Wednesday, March 06, 2002 2:46 PM
To: Hayes, Robert
Subject: RE:

Yes.  Stan and I had a good conversation -- but I will wait until after my vacation next week to make any final decision.  So please keep our conversation in confidence.

-----Original Message-----
From: Hayes, Robert
Sent: Wed 3/6/2002 1:27 PM
To: Corman, Shelley
Cc:
Subject:

Sorry I missed your call.  Did the meeting go the way you wanted it to?  Hope so.
                                                                                Bob


Thank you Mr. Kaminsky!
I received your first group of grades and will keep track as you work your
way through the class to make sure that we don't miss anyone. - Pam

At 04:55 PM 5/1/01 -0500, you wrote:
>Pam,
>
>The term papers arrived at my Internet mailbox.
>I shall be sending you the information as I make progress reading the
>papers.
>
>First group of students:
>
>Helen Demianenko
>Javier Lamas
>Lynn Nazareth
>Shauywn Smith
>Carlos Wheelock
>Sarah Woody
>
>Grade: A
>
>
>Please, confirm receipt of this message and please double check
>that all registered students have been graded (to make sure no student
>falls through
>the cracks).
>
>
>Vince


We need to get the common stock booked.  Please see below.

Thanks
---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 02/20/2001 10:38 AM ---------------------------

Rod Hayslett

02/20/2001 07:00 AM
To:	James Saunders/FGT/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject:	ETS Group - New Formation

FYI
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 02/20/2001 07:02 AM ---------------------------
From:	Lillian Bailey/ENRON@enronXgate on 02/18/2001 03:00 PM
To:	Cynthia Barrow/HR/Corp/Enron@ENRON, James L Bouillion/HOU/ECT@ECT, William E Brown/ET&S/Enron@ENRON, Teresa Callahan/ENRON@enronXgate, Kate Cole/ENRON@enronXgate, Hardie Davis/ENRON@enronXgate, James Derrick/ENRON@enronXgate, Robert Guthrie/Corp/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Geneva Holland/ENRON@enronXgate, Stan Horton/Houston/Eott@Eott, Sylvia Hu/ENRON@enronXgate, Frazier King/FGT/Enron@ENRON, Wanda LaBaume/Enron Communications@Enron Communications, Johnson Leo/GPGFIN/Enron@ENRON, Jerry Thomas Moore/Corp/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Mary Perkins/ENRON@enronXgate, Lynda Pham/Corp/Enron@ENRON, Janice Priddy/HR/Corp/Enron@ENRON, Greek Rice/Corp/Enron@ENRON, SAP Master Data@Enron, Kerrie Smith/Corp/Enron@ENRON, Greg Whiting/Corp/Enron@ENRON, Robert Wilcott/Corp/Enron@ENRON
cc:	Sharon Butcher/Corp/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON

Subject:	ETS Group - New Formation

Mavrix Transportation Trading Corp.

This corporation was incorporated in Delaware on January 10, 2001.  Particulars are:

	Parent Company:	Enron Transportation Services Company - 100%

	Business:	Management of natural gas pipeline capacity.

	Shares:	Authorized - 10,000 Common,
			$1.00 par value, Issued - 1,000

	Directors and Officers:	See Attachment

	Employees:	Yes

	Foreign Qualifications:	Texas

	Company No.:	1439-MTTC

Please circulate this information to all interested parties within your group.

For more information, see attached Corporate Data Sheet.

PLEASE NOTE:
	Bill Brown  - copy of evidence being sent by interoffice mail
	Robert Guthrie - please apply for FEIN
	Treasury - banking resolutions adopted 1/10/2001
	Sylvia Hu - Minute Book and two seals have been ordered

Lillian R. Bailey
Administrator
Corporate Services
EB4804A
Phone 713/853-3577
Fax 713/646-8007
lillian.bailey@enron.com


Okay,
 Stacy and you can go tommorrow, I cannot make it.   Maybe you can ask Jeff
to drive you and Stacy tommorrow.   The only time I have next week is Monday.

	Jenny Helton
	04/25/2001 12:59 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Stacy E Dickson/HOU/ECT@ECT
		 Subject: Re: FW: Best place to fish

Okay, how about this...

If Stacy goes tomorrow, we'll go.  If Stacy can't go tomorrow, we'll go
somewhere else one day next week since next Thursday is out for you.

Has Jeff been good?  Should we ask him too?

	Dan J Hyvl
	04/25/2001 11:21 AM

		 To: Jenny Helton/HOU/ECT@ect
		 cc:
		 Subject: Re: FW: Best place to fish

It appears that tommorrow is out.  Next week is definitely out.  The
following week is iffy.  I am leaving it to you to set something up with Mrs.
Granmayeh.

	Jenny Helton
	04/25/2001 11:16 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: FW: Best place to fish

Ah     ha ha ha ha ha!!!!!!!!

So, what's happening for lunch tomorrow?  Would next week be better?

	Dan J Hyvl
	04/25/2001 10:13 AM

		 To: Jenny Helton/HOU/ECT@ect, Pat Radford/HOU/ECT@ECT, Becky
Spencer/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT,
Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: FW: Best place to fish

>> > >
>> > > > A blonde decided she needed something new and
>> > > > different for a winter hobby. She went to the bookstore and
>>bought
>> > > > every
>> > > > book she could find on ice fishing.
>> > > >
>> > > > For weeks she read and studied every book, hoping to become
>>an expert
>> > > in
>> > > > the field. Finally she decided she knew enough, and out she
>>went for
>> > > her
>> > > > first ice fishing trip.
>> > > >
>> > > > She carefully gathered up and packed all the tools and
>>equipment
>> > > needed
>> > > > for the excursion. Each piece of equipment had its own
>>special place
>> > > in
>> > > > her kit.
>> > > >
>> > > > When she got to the ice, she found a quiet little area,
>>placed her
>> > > > padded
>> > > > stool, and carefully laid out her tools. Just as she was
>>about to make
>> > > > her
>> > > > first cut into the ice, a booming voice from the sky
>>bellowed, "There
>> > > are
>> > > > no fish under the ice!" Startled, the blonde grabbed up all
>>her
>> > > > belongings, moved further along the ice, poured some hot
>>chocolate
>> > > from
>> > > > her thermos, and started to cut a new hole. Again the voice
>>from
>>above
>> > > > bellowed, "There are no fish under the ice!"
>> > > >
>> > > > Amazed, the blonde wasn't quite sure what to do, as this
>>certainly
>> > > > wasn't
>> > > > covered in any of her books. She packed up her gear and
>>moved to the
>> > > far
>> > > > side of the ice. Once there, she stopped for a few moments
>>to regain
>> > > her
>> > > > calm. Then she was extremely careful to set everything up
>>perfectly,
>> > > > tools
>> > > > in the right place, chair positioned just so, everything.
>> > > >
>> > > > Just as she was about to cut this new hole, the voice came
>>again,
>> > > "There
>> > > > are no fish under the ice!"
>> > > >
>> > > > Petrified, the blonde looked skyward and asked "Is that you
>>Lord?"
>> > > >
>> > > > The voice boomed back, "No, this is the manager of the
>>skating rink!"


The Commodity Fundamentals website is back in service.  Please use the link provided below to access the website:

http://fundamentals.netco.enron.com/main.asp

Thank you,

Amanda Rybarski
Gas Fundamentals
Office: (713) 853-4384
Fax: (713) 646-8453
Pager: (877) 482-0772
Cell: (713) 560-0934


Amanda is at camp from Sunday, May 28 until Saturday, June 10.  Then Meagan
leaves on Sunday, June 11 and will return on Saturday, June 24.  If we decide
to do a family vacation, it would be either the week of June 26, July 3 or
July 10.  After that, Meagan starts Bearkadette practices through school
start in August, with a few days at Bearkadette camp July 20-24.  Looks as if
we will have one girl or the other with us at any point during the summer,
unless Amanda schedules her Austin visit during one of Meagan's two stints at
camp.  Let me know when you want to talk dates.

"White, Cara" <CWhite@texas.usta.com> on 05/08/2000 11:53:48 AM
To: "'Sally.Beck@enron.com'" <Sally.Beck@enron.com>
cc:
Subject: RE: meagan's gift

Sally - Great!  THanks for the reply.  I'm glad those are the earrings.
Yes, I hope things start getting better for M & D.   I do want to come for a
visit.   Chris and I haven't even had a chance to talk about it.  We will do
that so you and I can talk dates.    Since we'll probably get to see Amanda
while she's here (and Meagan's pretty booked anyway) , I wonder if it might
be fun to visit you guys when it's just you and Tyler - that way we'll get
lots of time with you guys and Mr. T?      -Cara

> -----Original Message-----
> From: Sally.Beck@enron.com [SMTP:Sally.Beck@enron.com]
> Sent: Monday, May 08, 2000 11:04 AM
> To: CWhite@texas.usta.com
> Subject: Re: meagan's gift
>
>
> You have the right earrings -- they are tiny!  But that's what she would
> like.  She will be really pleased.  She loves her silver ones, but they
> are
> not great for everyday wear -- gold is better for her ears.
>
> Sounds as if your weekend was fun.  Ours was nice --errands and stuff on
> Saturday and the Enron picnic at Astroworld on Sunday.  Otherwise, just
> camping out in the mess at our house.
>
> I did talk with Mom on Saturday night about a psychologist vs.
> psychiatrist.  Sounds as if from her ER buddy at the Heart Hospital that
> she has decided that they need both -- one for counseling and one for
> meds.
> I believe that she and Dad will each see a counselor type on Tuesday this
> week.  I hope that they will begin to find some relief.  Sounds as if they
> are really having a hard time - at least Mom.
>
> We would still like for you to come visit.  Let's talk dates when you're
> ready.  --Sally
>
>
>
>
> "White, Cara" <CWhite@texas.usta.com> on 05/08/2000 09:07:52 AM
>
> To:   "'sally.beck@enron.com'" <sally.beck@enron.com>
> cc:
> Subject:  meagan's gift
>
>
> HI, Sal.  Well, I guess Meagan told you that I went ahead and called her
> since I was headed up to James Avery - and realized time is running out!
> I think I found the earrings she wants, but I wanted to make sure.  They
> are
> really TINY gold studs, in the shape of very gold hearts.   Does that
> sound
> right?  (She said she has silver ones just like them but wants gold.)   If
> those are the ones, I'll have those sent to her.
>
> Hope you had a good weekend.  We had a social one - friends over for
> drinks
> on Friday (we have christened the bucket, by the way!); dinner party on
> Saturday; babtism/brunch on Sunday . . . I pulled up Enron's web site the
> other day and printed out an article about the company just for fun -
> thought I should learn more about it.   Interesting stuff.    Love, C.
>
>
>


fyi, rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 11/21/2000 11:02 AM
---------------------------

David W Delainey
11/21/2000 09:53 AM
To: Rick Buy/HOU/ECT@ECT
cc: Rebecca Carter/Corp/Enron@ENRON
Subject: Board Meeting

Rick, I need your view on which of these deals need to go through the board:

 - Tex Mex (ERCOT to Mexico transmission line with term PPA with Desarco)
 - Ahlstrom (QF Purchase)
 - CRRA/Fuel Cell Energy (fuel cell deal with Conn. regulators)
 - sale of Pastoria and LV Cogen (assume not)
 - sale of ECP (assume not)
 - sale of HPL (assume not).

Regards
Delainey


-----Original Message-----
From: 	Crenshaw, Shirley
Sent:	Tuesday, January 15, 2002 10:54 AM
To:	Adam Stevens (E-mail); Alex Huang (E-mail); Anguel Grigorov (E-mail); Anita DuPont (E-mail); Bob Lee (E-mail); Gwyn Koepke (E-mail); Jason Sokolov (E-mail); Jose Marquez (E-mail); Hrgovcic, Joseph; Karthik Rajan (E-mail); Kenneth Deng (E-mail); Kevin G Moore (E-mail); Leann Walton (E-mail); Martin Lin (E-mail); Maureen Raymond (E-mail); Mauricio Mora (E-mail); Mike A Roberts (E-mail); Mitra Mujica (E-mail); Nelson Neale (E-mail); Osman Sezgen (E-mail); Pinnamaneni Krishnarao (E-mail); Pravas Sud (E-mail); Praveen Mellacheruvu (E-mail); Rabi De (E-mail); Sandeep Kohli (E-mail); Sevil Yaman (E-mail); Ganjoo, Shalesh; Shravan Chopra (E-mail); Sriram Vasudevan (E-mail); Steve Bennett (E-mail); Tanya Tamarchenko (E-mail); Therese Candella (E-mail); Tom Barkley (E-mail); Vasant Shanbhogue (E-mail); Vince J Kaminski (E-mail); Zimin Lu (E-mail)
Subject:	RESEARCH REUNION #1

Hi everyone!

We are having the first Research Reunion!  Here are the specifics!


Do you guys follow these reports?  Do we need to correct them?
----- Forwarded by Steven J Kean/NA/Enron on 10/09/2000 08:50 AM -----

	Mark Schroeder@ECT
	10/09/2000 04:05 AM

		 To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
		 cc:
		 Subject: Calling All Investors: The New Power Company's IPO Priced at $21
Per Share

Was Enron actually banned from the California residential market, as per
below?  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 09/10/2000
10:08 ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "IssueAlert" <IssueAlert@scientech.com>
06/10/2000 12:13

To:
cc:

Subject: Calling All Investors: The New Power Company's IPO Priced at $21 Per
Share

http://www.consultrci.com

************************************************************************
SCIENTECH's timely and newest InfoGrid, The Telecommunications InfoGrid,
will help you keep up with the latest moves of energy companies into the
fast-growing telecom market.  Learn more about SCIENTECH'S InfoGrids at:

http://www.consultrci.com/web/infostore.nsf/Products/InfoGrid
************************************************************************

===============================================================
SCIENTECH IssueAlert, October 6, 2000
Calling All Investors: The New Power Company's IPO Priced at $21 Per Share
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

TNPC, Inc., parent of The New Power Company, announced yesterday that its
initial public offering (IPO) of 24 million common shares was priced at
$21 per share. The stock closed yesterday at $27 per share. The Company
expects to receive net proceeds from the offering of its shares at
approximately
$473 million, exclusive of the underwriters' option to purchase an additional
3,600,000 common shares to cover over allotments. TNPC, Inc.*a partnership
between Enron, America Online (AOL) and IBM*was formed in late 1999 to
provide electricity and natural gas directly to households and small
businesses
in the deregulated energy marketplace. TNPC's shares will be listed on
the NYSE under the symbol NPW. Closing of the offering is expected to occur
Oct. 11.

ANALYSIS: I am sure that many eyebrows were raised when TNPC issued the
IPO of its stock at $21, a figure that seemed surprisingly high for a start-up
company that has been in operation only since early summer. It is rather
mind-boggling that a company with no significant track record could open
its stock at such a price, but it is not unheard of. In fact, TNPC is
following
a trend of new Internet companies initiating IPOs that are supported by
grand concepts rather than tangible success. However, the TNPC "dream team"
alliance between Enron, AOL and IBM has been met with great expectations
(and a lot of skepticism as well) throughout the industry.

I read through the S-1/A filing that TNPC submitted to the SEC, so hopefully
I can cut through the hype regarding this deal to get to its nucleus. First,
TNPC acknowledges repeatedly throughout its filing that it is entering
into an extremely high-risk venture, and in fact will "incur substantial
operating and net losses, and cannot assure that we will attain
profitability."
Further, TNPC admits that it expects to incur these losses for a
"significant,"
but undetermined, period of time. Why, then, would Wall Street be greeting
this IPO with such a positive welcome? One could easily argue that the
sheer market presence of Enron, AOL and IBM has by association driven up
the value of TNPC, but I think a deeper answer lies within several factors.

First, TNPC has been bankrolled by some hefty investments. In two separate,
private placements, investors such as Enron, GE Capital Equity Investments
and DLJMB Partners (among others) put up about $214 million in start-up
capital in exchange for shares in the company. Enron is the majority owner
of TNPC, with 57-percent control. This money has allowed TNPC to make
important
acquisitions. For instance, TNPC bought the residential and small commercial
retail energy business of Columbia Energy Group, which includes approximately
285,000 natural-gas customers and 20,000 electricity customers in eight
states. This is a valuable card in TNPC's deck as it locks in customers
during this time when deregulation is developing slowly in retail markets.
I wouldn't be surprised if TNPC makes a similar acquisition of another
customer base in the near future, such as in Texas, where customers have
been spun off to energy service companies rather than being held by the
T&D operations of utilities. In other words, in Texas TNPC could easily
buy customers without having to buy wires or infrastructure, assuming there
is a willing seller.

Second, and perhaps more importantly, earlier this year Enron transferred
its residential and small commercial retail operations in California and
Ohio to TNPC. This deal included the operations of Enron Energy Services
but did not include PG&E Energy Services, which Enron acquired earlier
this year. Together with the Columbia Energy Group acquisition, TNPC has
come out of the gate running with a significant beginning customer base
of over 325,000 customers. Why would Enron have turned over its residential
customers to TNPC?  Don't forget that Enron struggled in and retreated
from the California residential market, stating that it couldn't make any
money in the retail market. TNPC's S1/A filing confirms rumors that Enron
Energy Services actually retreated from California due to a lawsuit claiming
the company had violated laws relating to advertising directed to residential
consumers in 1997 and 1998. Enron was in fact banned from selling power
to the residential market in California. Under this customer transfer,
Enron is able to put its money into a completely separate business*essentially
moving this high-risk business venture, and worst performing part of its
retail service, off its own books. Yet if TNPC succeeds, Enron still benefits
as it is the majority owner.

I think these two factors answer why Wall Street has looked so favorably
on a self-described "new company with a limited operating history." Looking
ahead, can TNPC maintain this comparatively high value of its stock?  Well,
there's both good news and bad news for TNPC. First, let's look on the
bright side. TNPC has put into place a great management team, starting
with H. Eugene Lockhart, formerly of AT&T, as president and CEO. Other
key players bring retail market expertise from work at MasterCard, Exxon
and PespiCo. In addition, within the energy industry, TNPC arguably could
not have a better backer than Enron. What other company's touch has been
golden in nearly every venture it has pursued? In addition to being the
majority owner, Enron probably is also providing TNPC access to commodities
at preferential prices, which will certainly enhance its sales approach
in the retail market. Plus, TNPC has access to the 24 million customers
that AOL represents, which I've always thought was the company's secret
weapon.

But then there are the risks, and they are substantial. First, competition
is not materializing rapidly on the retail side. In a state like Pennsylvania,
which perhaps represents the strongest deregulated market in the United
States, only about 16 percent of customers in PECO's territory have opted
to switch their provider. So, TNPC has an uphill climb, to say the least,
in making any inroads at capturing a lock*and making money*in the retail
market. Second, the only way that I can see TNPC making it at all is if
they continue to buy customers like they did from Columbia Energy Group.
There are big questions surrounding whether the company will be able to
do this or not, and much of its success hinges on this uncertainty.

Third, and perhaps most serious of all, is TNPC's vulnerability on the
technology side of its operation. TNPC has entered into a 10-year revenue
management and customer care agreement with IBM Global Services, under
which IBM will manage the company's online commerce and billing applications.
IBM's track record in developing customer care systems is less than stellar.
In fact, PG&E initiated a lawsuit against IBM a few years ago when the
utility had to pull the plug on a massive $100 million customer information
system (CIS), employed by IBM, which it claimed was ineffective. IBM has
partnered with SCT to provide the infrastructure to be used by TNPC. Under
an agreement between IBM Global Services and SCT, the SCT Banner CIS will
be integrated into a number of back-office IT solutions under development
by IBM for TNPC. Experts in the CIS industry have questioned whether SCT's
Banner CIS can handle over one million customers. If it cannot, this will
surely limit TNPC's growth potential.

Moreover, although TNPC's IPO signals a strong future, there are many
uncertainties
surrounding this nascent operation. As one of the few major players in
the energy retail market, TNPC has very few competitors, with the possible
exceptions of NewEnergy or GreenMountain. Another competitor is also emerging
in Britain's Centrica, which plans to expand in North America after its
recent acquisition of Canadian retail gas supplier Direct Energy.
Consequently,
the coming year could either make or break TNPC and the challenges that
the company faces in wanting to conquer the retail market are extremely
steep.
==============================================================

Learn more about SCIENTECH's Issues and Analysis products and services
at:

 http://www.consultrci.com/web/rciweb.nsf/web/Depts-IA.html

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

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products including e-commerce and telecom in the electric utility
industry. If you would like to refer a colleague to receive our free, daily
IssueAlerts, please reply to this email and include their full name and
email address or register directly at:

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Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


I have been informed that all the documentation for the Raptor swaps and
confirmations needs to be completed and finalized by next week, 9/18-22.
Talon will not accept any documentation after this date.  Please let me know
if there are any problems.

Thanks,
Gordon


Wit makes its own welcome, and levels all distinctions. No dignity, no
learning, no force of character, can make any stand against good wit. -Ralph
Waldo Emerson (1803-1882)


Stan,

I have one minor question.

Is the Notice to Proceed Effective Date a set date, or is it x days following
y event?

I would expect to see language along the lines of "If notice to proceed is
not given by the Notice to Proceed Effective Date, then...".  I see the
deleted language was something close to that, so maybe in the context of this
EPC different terminology is used.

Kay

"Stan Jensen" <sjensen@bracepatt.com> on 06/26/2000 02:01:26 PM
To: <msuzuki@nyc.mitsui.com>, <K.Ishimatsu@xm.mitsui.co.jp>
cc: <kay.mann@enron.com>, <Max.Yzaguirre@enron.com>,
<Sheila.Tweed@enron.com>, <Steve.Irvin@enron.com>

Subject: Assignment and Assumption Agreement related to GE contract

Attached is a redline that highlights minor proposed revisions to the
assignment contract you sent earlier today.

Please feel free to call me at (713) 221-1524 with any questions.

Stan Jensen

 - GEAssign4.doc


I have talked with Rick Shapiro on this issue.  I think we will probably
using LeBoeuf on this issue. I will see if they can be on the call, but it
would be a good idea to have Mike on the call if he is available.

From: Jeff Dasovich@ENRON on 01/04/2001 06:44 PM
Sent by: Jeff Dasovich@ENRON
To: Vicki Sharp/HOU/EES@EES
cc:
Subject: Re: Brief Summary of Today's Activities in California (at Least Thus
Far)

Ron Carrol works at Bracewell and he handles a lot of our FERC-related PX and
ISO activity, including tariff activity.  Ron works for Dan Watkiss, who also
handles a lot of that work for us .


Please calendar for me.
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/31/2001 06:53
PM ---------------------------
From: Kayne Coulter/ENRON@enronXgate on 05/31/2001 05:21 PM
To: Lloyd Will/ENRON@enronXgate, Tom May/ENRON@enronXgate, Jeffrey
Miller/ENRON@enronXgate, Gerald Gilbert/ENRON@enronXgate, Clint
Dean/ENRON@enronXgate, Jeff Wolfe/ENRON@enronXgate, Reagan
Rorschach/ENRON@enronXgate, David Fairley/ENRON@enronXgate, Jennifer
Bagwell/ENRON@enronXgate, Elizabeth Johnston/ENRON@enronXgate, Billy
Braddock/ENRON@enronXgate, Miguel L Garcia/ENRON@enronXgate, Juan
Hernandez/ENRON@enronXgate, Juan Padron/ENRON@enronXgate, Don
Baughman/ENRON@enronXgate, Edward D Baughman/ENRON@enronXgate, John
Kinser/ENRON@enronXgate, Dustin Collins/ENRON@enronXgate, Dean
Laurent/ENRON@enronXgate, Corry Bentley/ENRON@enronXgate, Laura
Podurgiel/ENRON@enronXgate, Gretchen Lotz/ENRON@enronXgate, Andrea
Dahlke/NA/Enron@ENRON, Tamara Jae Black/ENRON@enronXgate, Lisa
Shoemake/ENRON@enronXgate, Claudia Guerra/ENRON@enronXgate, Amy
Ochoa/ENRON@enronXgate, Christi L Nicolay/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Jim Meyn/ENRON@enronXgate, Smith L
Day/ENRON@enronXgate, Rebecca M Grace/ENRON@enronXgate, Thresa A
Allen/ENRON@enronXgate
cc:

Subject: MDEA PRESENTATION

 On Tuesday June 5th in room 3125B from 4:00 - 5:00 P.M.,  we will be having
a presentation on the MDEA delphi application and website that will help
consolidate our procedures.  We will also have a happy hour from 5-8 p.m. at
the Front Porch Pub.

Thanks


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 17th

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

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

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

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

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

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

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

Thank you,

Outlook 2000 Migration Team


coral canada

 -----Original Message-----
From: 	Dozier, Scott
Sent:	Thursday, October 11, 2001 10:09 AM
To:	Cuilla, Martin
Cc:	Jacobs, Charles; Hernandez, Elizabeth L.; Riordan, Sean
Subject:	RE: Coral Energy Canada Purchases - Sep/01 prod

Ok, my below request has now changed.  I have found these deals under Coral Energy Resources, L.P.  Please advise as to which counterparty these deals belong to.

Thank you,
Scott

 -----Original Message-----
From: 	Dozier, Scott
Sent:	Thursday, October 11, 2001 10:03 AM
To:	Cuilla, Martin
Cc:	Jacobs, Charles
Subject:	Coral Energy Canada Purchases - Sep/01 prod

Martin,

Coral Energy Canada is billing ENA for 3 deals for the production month of Sep-01.  However, I cannot find anything in the system which matches these deals.  Upon contacting Coral, they have stated that you are the trader on each of these deals.  The Coral Energy Canada trader is Shane Lee.  The detail for these deals is below.  Please advise as to where they might be in the system or what my next step is to be so that I may settle this account.

Dates		Pipeline	Volume	Price		Total
Sep 13		Union		100,000mm	2.74000		$274,000.00
Sep 12		Union		201,000mm	2.80000		$562,800.00
Sep 15 - 17	            Union		600,000mm	2.56000		$1,536,000.00

Thank you,
Scott Dozier
Client Services - Settlements
Enron Net Works LLC
office: 713.345.7213
fax: 713.646.8420
email: scott.dozier@enron.com


Hey guys:

I haven't had a chance to work on this yet.  I am out of town and was
traveling all day yesterday.  I will try and work on it sometime this
afternoon and send you my things.

Thanks for getting a great start,

Dylan

At 11:22 PM 4/13/01 -0400, JcjCal02@aol.com wrote:
>Ok guys I've taken a stab at #5.  I valued the company by taken the NPV of
>future after tax net earnings (see attached speadsheet-right side of exhibit
>1).  To get a value of $28/share I calculate Netscape would have to grow at
>17.75%/year from 1995 to 2005.  Please scrutinize my strategy and give me
>feedback.
>Jimmy


Is the notice the only change?  If so, it looks ok to me.


Good Morning All!

I have just spoken with Cheryl and she has informed me that she will be taking the morning off as vacation today, to deal with some personal issues.  She will be in after lunch.  Please feel free to call me if you should need any assistance.
Thank you,
Keegan Farrell
EB3875
713-345-3317


I am teaching a class at Rice and one of my very bright students sent her
resume
in response to this posting. Do you know who posted this job?

Vince Kaminski

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:27 PM ---------------------------

"Helen Demianenko" <demianen@hydrant.ruf.rice.edu> on 04/24/2001 02:11:05 PM
Please respond to <demianen@rice.edu>
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Job posting

Dear Vince,

Thanks for talking to me this morning about the Sr. Risk Analyst position.
Here is where you can find the job description for that position:

http://www2.enron.com/jobs/cgi-bin/get_details.pl?id=0000108729&b=4x

Also, I have cut and pasted it down below, just in case.

I appreciate your assistance in this matter and will start working on my
cover letter right away.
I would also like to talk to somebody to get a better feel for the position
(Is this really an MBA level position and how much of the in-depth learning
opportunities for the derivatives market does it entail?)

Sincerely,

Helen Demianenko

P.S. I have attached my resume (one more time).

SR RISK ANALYST
ESSENTIAL FUNCTIONS: Primary accountability for managing the ETS Risk Book
structure and processes from a pipeline (front office) perspective. Work
within current NNG and TW Marketing organizations to effectively integrate
risk books into daily marketing and structured product activities. Provide
feedback to management regarding overall and specific risk positions.
Provide support for consistent and accurate deals entry/reporting for stand
alone risk management system. Create ad-hoc reports to assist management in
risk analysis. Responsible for managing and providing enhancements to the
Capacity Books :? Maintain functionality and provide leadership for new
functionality from a users perspective. Provide support and direction for
integration of Capacity Books and Revenue Management Project.Support Revenue
Management Team
ESSENTIAL REQUIREMENTS: BA/BS in Finance or Accounting (MBA preferred).
Minimum of two years financial instruments experience. Excellent
quantitative/analytic and systems skills. Knowledge of commodity risk book
concepts. Understanding of physical natural gas market, interstate
transportation and financial derivatives. Ability to interface with
structuring/marketing groups in order to define business requirements.
Ability to provide leadership for business and system processes. Excellent
communication skills with an ability to communicate across organization with
varied skill sets and ideas. Must be self-motivated with a high level of
energy

PREFERRED SKILLS: NA.

SPECIAL CHARACTERISTICS: This job functions in a team-oriented, fast-paced
environment with multiple concurrent assignments and constantly changing
priorities.

CONTACT: Responses will be accepted through May 3, 2001. Respond to Enron
Corp., Human Resources 235, P O Box 3330, Omaha, NE 68103-0330 or e-mail:
dea.crum@enron.com as a .doc or .txt attachment. Please include this
requisition number.

Job ID  0000108729
Department  RISK MANAGEMENT & REPORTI
Company  ENRON TRANSPORTATION SERVICES
ENRON TRANSPORTATION SERVICES
Location  HOUSTON, TX
Type
Posting date 19-APR-01

 - Helen_D_resume.doc


Hi, please change deal # 450052 from Transcanada Power Marketing Ltd to
Transcanada Power, a division of Transcanada Energy Ltd.  All west trades
should be under Transcanada Power,  a division of Transcanada Energy Ltd.

Thanks,
Melissa Murphy
(713) 853-1886
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 11/09/2000
07:40 AM ---------------------------
   Veronica Gonzalez                11/08/2000 05:23 PM

To: Kim S Theriot/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Rhonda L
Denton/HOU/ECT@ECT
cc: Tom Moran/HOU/ECT@ECT
Subject: rebook deal 450052

Please rebook deal # 450052 from Transcanada Power Marketing Ltd. to
Transcanada Power Canada, division of Transcanada Energy, Ltd.
This is a West Deal - Delivery Point - Mid Columbia.

Thank you,
Veronica


David,

I am  sending you the questions submitted by Petronas for our meeting on
Feb 8.

Are you going to invite additional RAC people to the meeting (Bill Bradford
would be helpful with credit questions, Bjorn may be interested as well).

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
09:43 AM ---------------------------

KhairuddinBMJaafar@petronas.com.my on 01/22/2001 09:34:16 PM
Please respond to khairuddin_mjaafar@petronas.com.my
To: vkamins@ect.enron.com
cc: azminab@petronas.com.my
Subject: Benchmarking questionnaires

Vince,

Attached are two sets of benchmarking questionnaires for your kind perusal.

Regards,
Khairuddin
(See attached file: q_bench_rms.doc)(See attached file: Feb 5-17,2001.doc)

 DISCLAIMER  : This e-mail and any files transmitted with it ("Message")
 is  intended  only  for the use of the recipient(s) named above and may
 contain  confidential  information.   You  are hereby notified that the
 taking  of  any action in reliance upon, or any review, retransmission,
 dissemination, distribution, printing or copying of this Message or any
 part thereof by anyone other than the intended recipient(s) is strictly
 prohibited.  If  you  have  received  this Message in error, you should
 delete this Message immediately and advise the sender by return e-mail.
 Opinions, conclusions and other information in this Message that do not
 relate  to  the official business of PETRONAS or its Group of Companies
 shall be understood as neither given nor endorsed by PETRONAS or any of
 the companies within the Group.

(Embedded image moved to file: pic24962.pcx)
 - q_bench_rms.doc
 - Feb 5-17,2001.doc
 - pic24962.pcx


Mark,

In layman terms is there anything I need to be concerned about re the
inclusion of the tax language?

Mike.
---------------------- Forwarded by Michael Corbally/HOU/ECT on 08/25/99
08:51 AM ---------------------------

Louise Kitchen
08/24/99 06:49 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT, Michael Corbally/HOU/ECT@ECT
cc:
Subject: Re: Revised GTCs

We have agreed (subject to Mike's agreement) to put in the tax language in
the contract for all weather ones - as we haven't loaded them yet.
Regards
L

---------------------- Forwarded by Jeff Blumenthal/HOU/ECT on 08/24/99 11:53
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Devetski, Tim" <tdevetski@velaw.com>
08/23/99 03:29 PM

To: Jeff Blumenthal/HOU/ECT@ECT
cc: "Gerachis, George" <GGerachis@velaw.com>
Subject: Revised GTCs

 - HDD Swap (credit) Version 3.doc


<<NYMEX '02.doc>>

HOPE to see you there!

Happy Holidays!

Lana Moore
Director of Education
NESA
(713) 856-6525


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 01/31/2001 03:55
PM ---------------------------

Anne Bike@ENRON
01/31/2001 12:47 PM
To: Phillip K Allen/HOU/ECT@ECT, prices@intelligencepress.com, lkuch@mh.com,
SSPEAKER@ENERGYINTEL.COM, Phillip K Allen/HOU/ECT@ECT, Mike
Grigsby/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT
cc:
Subject: Enron's February Baseload Fixed Price Physical Transactions as of
01/30/01


Scott:  I only have comments from Ryan and Donette.  Mark Spradling left me a
message about five minutes ago and said that he would have comments tomorrow
morning (and to copy Shelley Barber on any drafts).  Once I receive comments,
I'll prepare another draft and circulate.  Sara

	Scott Sefton
	10/04/2000 05:47 PM

		 To: Ryan Siurek/Corp/Enron@ENRON
		 cc: Sara Shackleton/HOU/ECT@ECT, Rodney Faldyn/Corp/Enron@Enron, Bob
Butts/GPGFIN/Enron@ENRON
		 Subject: re: Raptor II Swap

Sara,

Since you're out the rest of the week from noon tomorrow, we'd really
appreciate it if you could prepare a revised confirm tomorrow morning so we
can deliver it to LJM for their review. Then, we can hopefully sign the
confirm on Monday. Thanks!

Scott

Ryan Siurek@ENRON
10/04/2000 05:38 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Rodney Faldyn/Corp/Enron@Enron, Bob Butts/GPGFIN/Enron@ENRON, Scott
Sefton/HOU/ECT@ECT
Subject: re: Raptor II Swap

Here are comments from transaction support group on the LDC swap.  I have
marked my changes against a clean version of the latest swap.

Regards,

Ryan


[IMAGE]
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 - image001.gif
 - image002.gif


-----Original Message-----
From: 	Chen, Hai
Sent:	Friday, October 26, 2001 3:48 PM
To:	Black, Tamara Jae
Subject:	options market update
Importance:	High

T. J.,

Please forward attached Option Market Update to all traders and mid marketers in Monday morning.  Thanks!