thanks John, we will let you know the start time on Monday, I suspect we can wait until the end of the trading day so we don't have congestion

Martin

 -----Original Message-----
From: 	Lavorato, John
Sent:	Friday, November 09, 2001 4:24 PM
To:	Bucknell, Martin
Subject:	RE: Move to Enron Center south

Yes

I want to move next weekend.  If we can start at 2 PM on Friday it would be fine.

 -----Original Message-----
From: 	Bucknell, Martin
Sent:	Friday, November 09, 2001 3:20 PM
To:	Lavorato, John; Colwell, Wes
Cc:	Donovan, Bill; Rub, Jenny; Cline, Paul
Subject:	Move to Enron Center south

John,

After your conversation with Paul yesterday, we have evaluated the option of moving all of GAS and POWER next weekend, we will be able to move everyone in a single move, however we will need a firm commitment by midday Tuesday, in order for us to get the workforce, move the broker lines and all the other tasks associated with this scale of move.

If you would like to proceed, please let me or Bill Donovan know as soon as practicable, so we can facilitate the migration.

If we do not move next weekend, this will cause real problems with the resources and contracts in place, staff and suppliers are on vacation through thanksgiving and the move data will soon be out of date which will need to be reconciled which would increase the cost.

Martin Bucknell


-----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Friday, February 01, 2002 2:11 PM
Subject:	Cow Island PVR % for February 2002

February 1, 2002

To:  Transcontinental Gas Pipe Line Corporation
     Customers and Shippers

Re:  Cow Island PVR % for February 2002

Listed below are the Production Blocks and the Associated Meter
Stations that are processed at the Cow Island Plant.  The
percentages listed were calculated by using the average of the
three most recent monthly statements and are adjusted to
reflect plant operations at 100% of its normal capacity.
Effective September 1, 1995, the appropriate IT transportation
rate will apply to liquifiable transactions.

Please direct any questions regarding this subject to your
Transportation Scheduling Representative or Customer Service
Representative.

---------------------------------------------------------------
                                           EST SHRINKAGE
                                      ALLOC    % FOR
                                      GROUP   02/2002  TRANSFER
ALLOCATION GROUP NAME                 NUMBER  (MMBTU)  POINT(S)
---------------------------------------------------------------

East White Lake                       2008    19.5    0181
West White Lake                       2009    14.5    0182
Live Oak                              2042    18.9    7327
Leleux                                2052    14.3    6913
Live Oak                              2055     0.0
Southeast Gueydan Pure                2060    12.0
Verm 76-67                            2202     6.9    0447
Verm 46 35 1                          2232     4.7    0056
Verm 22                               2278     6.7    6400
                                                      0013
                                                      6922
Brown Live Oak                        2303    16.4    1023
Verm 16                               2428     5.6    0053
                                                      2406
E Cam 89                              2462     4.6    0014
Verm 131                              2516    12.0    0080
Kaplan                                2694    22.1    6358
E Cam 38 A                            2716    13.0    6840
                                                      7200
                                                      0655
Verm 78                               2766    12.9    0975
                                                      8505
E. Cam 109                            2792    10.7    1082
                                                      2354
LLOG E White Lake                     2827    23.2    9366
                                                      9364
Vermilion 87                          2843     4.2
Live Oak-Brouss                       2845     8.5
Vermilion 83                          2846     2.3
Vermilion Blk #39                     2852     6.1

NOTE:  If only one transfer point is listed for the meter, use
this point as the source and the receipt.  Additional source
points may be listed and indented to the right.

Larry G. Cunningham
Manager
Transportation Scheduling
(713) 215-2665


Angela - tasks

1.  Ask Iris how fast she can get more clocks, I would like to send some to
my brokers.  Also get me a list of who our marketers are sending gifts to.

2.  Tell Milly I'm requesting 3000 for the Order of Good Cheer and that I
will make a 1000 dollar donation personally that I will not as Enron to match.

3.


Please review.

Greg,

After making an election in October to receive a full distribution of my deferral account under Section 6.3 of the plan, a disagreement has arisen regarding the Phantom Stock Account.

Section 6.3 states that a participant may elect to receive a single sum distribution of all of the participant's deferral accounts subject to a 10% penalty.  This provision is stated to be notwithstanding any other provision of the plan.  It also states that the account balance shall be determined as of the last day of the month preceding the date on which the committee receives the written request of the participant.  In my case this would be as of September 30th.  I read this paragraph to indicate a cash payout of 90% of the value of all deferrals as on September 30, 2001.  The plan administrators, however, interpret this paragraph differently.  Their reading yields a cash payout of 90% of the value for deferrals other than the Phantom Stock Account, which they believe should be paid with 90% of  Enron Corp. shares in the account as of September 30, 2001.  Their justification is that in several places throughout the plan document and brochures it is stated that the distributions of the Phantom Stock Account shall be made in shares of Enron Corp. common stock.

There are two reason that I do not agree with their interpretation.  First,  section 6.3 begins with "notwithstanding any other provision of the Plan."  This indicates that any other payout methodologies described in other sections of the plan which deal with normal distribution at termination do not apply.  Second, the language in section 6.3 stating "a single sum distribution of all of the Participant's deferral accounts" indicates that one payment will be made not a cash payment separate from a share distribution.

The interpretation of the administrators goes beyond section 6.3.  If that is the case then section 7.1 should apply.  This section does provide for the Phantom Stock Account to be paid in shares.  However, it states "The value of the shares, and resulting payment amount, will be based on the closing price of Enron Corp. common stock on the January 1 before the date of payment, and such payment shall be made in shares of Enron Corp common stock".  This would result in approximately 8.3 shares to be distributed for every share in the account on January 1, 2001.  Although this would be the most beneficial to the participants due to the decline of the value of Enron Corp. common stock from $83 to $10 per share,  this methodology goes beyond section 6.3.

The calculations below illustrate the difference in the value and method of distribution under each of the three interpretations:

Section 6.3		Plan Administrators		Section 7.1

Number of shares		6,600	shares		6,600	shares			6,600 shares
Relative share price		$27.23							$83.13
Phantom Stock Value		$179,718						$548,658
10% Penalty			-17,972			 -600				-54,866
Value to be distributed		$161,746		6,000 shares			$493,792
Current stock price									$10
Distribution			$161,746		6,000 shares			49,379 shares

I believe my interpretation under section 6.3 is correct and fair.  If the administrators insist on distributing shares instead of cash then section 7.1 should apply.  The current interpretation of the plan administrators is a hybrid between the two sections resulting in the lowest possible payout.

In addition to myself, Tom Martin, Scott Neal, and Don Black are facing the same issue.  I would appreciate your review and consideration of this matter.

Sincerely,

Phillip Allen


Do you know what CIF stands for? It's a transportation term....


Instead of sending $ in and pulling $ out every month, I am going to stop
sending $ into the CMA account starting this month.  I actually have already
done this on the web.  What I need you to do is to stop the monthly purchase
of APGCX for $340 begining this month.  Also, any idea if I am going to
receive a 1099 for the recharacterization of the IRAs?  I noticed online
that  the Roths are now zero.  Thanks.

DG


Electric Business Understanding - May 2, 2001

EB552 - 8:00 am - 5:00 pm          Cost:  $600.00

The Electric Business Understanding Seminar will give a basic overview of the
electric business for those with limited knowledge of this industry. This
seminar is recommended for entry level to mid-level employees in either the
gas or electric business or in businesses providing services to these
industries. This course will provide you with a general understanding of how
the electric business operates, who the key industry participants are, the
strategies they employ to be successful, and how the business is likely to
evolve.
Please click here for registration
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please call 713 853-0357.


Please send numbers 84 and 85.
---------------------- Forwarded by Don Miller/HOU/ECT on 09/12/2000 03:46 PM
---------------------------

Dale Rasmussen
09/12/2000 03:29 PM
To: Don Miller/HOU/ECT@ECT
cc: tmoore@llgm.com
Subject: Project E2 Offering Memorandum

Don:  Please send 2 copies of the E2 Offering Memorandum to Tom Moore at the
following address.  Please send for overnight delivery.

Tom Moore
LeBoef, Lamb, Greene & McRae, LLP
633 Seventeeth Street
Suite 2000
Denver CO  80202

Tel:   (303) 291-2600
Fax:   (303) 297-0422

Thanks.


Just a note to say Good Morning.  See you this afternoon at EOTT.
Stan


Paul,

I shall be in London in the beginning of October.
I shall notify you about the timing of my trip later this week.

Vince

paul.e.day@uk.arthurandersen.com on 09/18/2000 03:29:50 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: London Visit

I understand this has been cancelled - no problem - life is kind of hectic
here
anyway!!  Why don't we try to rearrange next time you're over?

Kind regards

Paul Day

To:   Paul E. Day
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Date: 25/08/2000 19:10
From: Vince.J.Kaminski@enron.com
Subject:  Re: London Visit

Paul,

Thanks for your message. I am in process of
finalizing my plans for the trip to London in the end of
September. I delayed  responding to you message till
I had more specific information.

Unless there a major change in my schedule, I shall arrive
in London on Monday morning (September 18) and  leave on
Thursday in the evening.

Please, let me know what would be convenient time
to meet. You can send me an E-mail message and my secretary
will contact to confirm the date and place of the meeting.
My assistant's name is Shirley Crenshaw and her phone
number is 713 853 5290.

I look forward to meeting you, Tom and Julian.

Vince Kaminski

paul.e.day@uk.arthurandersen.com on 08/25/2000 11:53:02 AM

To:   Vince J Kaminski/HOU/ECT@ECT
cc:   tom.o.lewthwaite@uk.arthurandersen.com,
julian.leake@uk.arthurandersen.com
Subject:  London Visit

I understand that you will be in London around 20 September.  Tom Lewthwaite
has
asked me to arrange a meeting between you, Tom and Julian Leake.  I understand
that you have met Tom and Julian before.   I would also like to attend - I am
a
manager in our UK Financial Services practice with responsibilty for Enron
from
a UK financial services perspective.  We would like to discuss any risk
management concerns that you may have and any internal initiatives with which
we
could assist.

If you are happy to meet on this basis, I would be grateful if you could let
me
know how you to proceed (whether I should arrange timings with you, your
secretary, someone in London etc).  You can contact me on +44 20 7783 7446 (at
Enron's London offices) or on this e-mail address.

Kind Regards

Paul Day

*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If you
are not the addressee indicated in this message (or responsible for delivery
of
the message to such person), you may not copy or deliver this message to
anyone.
In such case, you should destroy this message and kindly notify the sender by
reply email. Please advise immediately if you or your employer do not consent
to
Internet email for messages of this kind.  Opinions, conclusions and other
information in this message that do not relate to the official business of my
firm shall be understood as neither given nor endorsed by it.

*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If you
are not the addressee indicated in this message (or responsible for delivery
of
the message to such person), you may not copy or deliver this message to
anyone.
In such case, you should destroy this message and kindly notify the sender by
reply email. Please advise immediately if you or your employer do not consent
to
Internet email for messages of this kind.  Opinions, conclusions and other
information in this message that do not relate to the official business of my
firm shall be understood as neither given nor endorsed by it.


Use this file:  I have dated the forward price curve chart so that it is
clear it is prices as of today.

GAC

Alan Comnes
12/22/2000 01:39 PM
To: Steven J Kean/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron
cc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT

Subject: Charts

Steve, Ginger:

The first file has the charts and data you requested.

I am also forwading some charts on price caps.  You may be interested in the
charts on California Stage 1/2/3 emergencies.

Alan Comnes


My 1,4,and 6 for your 1, 5,7


I have attached some draft discovery requests that we will send to Texaco.  Please take a look and let me know if they correctly state what we need.  Also, please let me know if there are any additional document requests that you can think of.  Thanks.

Andy

 - %QQ01!.WPD


And how did you fare in all the rain.  I guess you went boating Saturday.


Jim/Jeanne:
Do we know what case this request has been made in and if we're one of the 5
listed?  Thanks.
Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 03/16/2001 11:37 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	03/16/2001 11:26 AM

		 To: <Barbara_Klemstine@apsc.com>, <Vicki_Sandler@apses.com>,
<berry@apx.com>, <dcazalet@apx.com>, <billr@calpine.com>,
<jackp@calpine.com>, <Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,
<rsnichol@newwestenergy.com>, <nam.nguyen@powersrc.com>,
<Curtis_L_Kebler@reliantenergy.com>
		 cc:
		 Subject: Fwd: Point of Clafrification re: UCAN and RatePayers Request
forHearings

FYI re the request for CPUC hearings to investigate alleged price
manipulation by generators.

Dan
----- Message from Julesan@aol.com on Fri, 16 Mar 2001 08:11:14 EST -----
To:	 huse@eesconsulting.com, mer@cpuc.ca.gov, pva@cpuc.ca.gov,
awp@cpuc.ca.gov, cmw@cpuc.ca.gov, ctd@cpuc.ca.gov, dlf@cpuc.ca.gov,
fua@cpuc.ca.gov, jlo@cpuc.ca.go
cc:	MEByrnes@aol.com
Subject:	Point of Clafrification re: UCAN and RatePayers Request for Hearings
Greetings: UCAN and Ratepayers have filed a Request for Hearings regarding
the actions of certain generation companies in connection with alleged
manipulation of California's electricity markets by five pivotal market
players.During an informal discussion with another party a question arose
about whether the request for hearings included an examination of actions
taken by SDG&E, PG&E or Southern California Edison in pursuing claims against
alleged market manipulators.  This filing is meant to clarify that UCAN and
Ratepayers are not at this time requesting hearings into the actions of SDG&
E, PG&E or Southern California Edison in pursuing any such claims they may
enjoy.  The requested hearings are proposed to focus on the whether the five
pivotal market players had the ability to exercise significant market power
so that operation of the new market institutions was distorted.  Thank you
for allowing UCAN and Ratepayers to clarify this point.


reply to this so I can also add you to my address book.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/03/2001
12:38 PM ---------------------------

Scott.Crowell@us.cgeyc.com on 05/03/2001 11:57:12 AM
To: maggie@yahoo-inc.com, davidantes@netscape.net, joycebab@tstar.net,
tpball@us.oracle.com, Steve.Banashek@oracle.com, gregiu@rcnchicago.com,
dbeckman@techknlg.com, ABSmith@delcortech.com, dbercaw@nextera.com,
cindyb@tacocabana.com, donald_blanton@bmc.com, bosetb@earthlink.net,
timothy.b.bose@us.arthurandersen.com, jwbright@us.oracle.com,
thebuissons@yahoo.com, jburke@prime-equip.com, Dbutler516@aol.com,
geobyrnes3@aol.com, acaeg@yahoo.com, jcarlisle@carltonstaffing.com,
wfcarr@kpmg.com, Jcelaya@jfl.net, kristy_kristy@excite.com,
krchang@us.oracle.com, mail=8777208398.4897857@pagenetmessage.net,
jcollett@ccisd.net, stephen_f_collett@reliantenergy.com,
tiffiny.collett@chase.com, colirma@yahoo.com, jcurtis@us.oracle.com,
fdemino@us.oracle.com, johnehlinger@home.com, FOSTERA@PIOS.com,
jennifer.fowler@kaiseral.com, Cheetothecat@aol.com,
mike.fultz@halliburton.com, dgiron@enron.com, dgiron1@pdq.net,
kristi.giron@cfisd.net, kimberly.gladis@bms.com,
chad.glessman@bankofamerica.com, Thrash314@aol.com,
casey_gordy@eogresources.com, robert_hales@hotmail.com,
charrison@tvgnetwork.com, bret_hat@swbell.net, Karen.Healy@ey.com,
herring24@ev1.net, SAHerrin@gdseng.com, cyn_teach@hotmail.com,
hillman@sfradio.cbs.com, LoRoks@aol.com, ah1130@sbc.com, ghannon@swbell.net,
dhjohnson41@worldnet.att.net, TampaJimJ@aol.com, bsjones@us.oracle.com,
mjudge@us.oracle.com, ajuson@kraft.com, Dawn.C.Kenne@enron.com,
jennifer_kern@yahoo.com, Crystal_Kettle@neimanmarcus.com,
hlange@chicagoeworks.com, rachellapworth@yahoo.com, jlatham@ect.enron.com,
alaurence99@yahoo.com, j_liberman@hotmail.com, jay_liberman@ml.com,
lloyds@usc.edu, LocalDomainServers%CGEY@cgeyc.com, Phillip.M.Love@enron.com,
plove570@cs.com, tracy.manders@oracle.com, Thomas.Mauger@oracle.com,
carriebird69@hotmail.com, emehringer@nextera.com, amishler13@home.com,
amorin@alum.mit.edu, amorin@gnx.com, Michael.E.Moscoso@enron.com,
MikeMullen@mail.house.gov, KARENHMUR@aol.com, jnagy@intraspect.com,
charity.naiser@us.pwcglobal.com, PNelson@ASAPSC.COM, john.neylon@oracle.com,
koshea@us.oracle.com, OtherDomainServers%CGEY@cgeyc.com,
ValerieParker@carltechinc.com, laparks@us.oracle.com, PattiS7@aol.com,
lpittorino@kpmg.com, sprewit@hotmail.com, JohnAQ@azstarnet.com,
peter.raftell@viasat.co.uk, srasmussen362@earthlink.net,
srawat@us.oracle.com, jennifer.reichenbach@turner.com, CRoberson@ASAPSC.COM,
MRossen@INTERGEN.com, yhs_91@yahoo.com, LesterinHouston@webtv.net,
leslie.salyer@lyondell.com, stephanie-rx@mail.utexas.edu,
sharkdance13@webtv.net, Folkert_schultz@hotmail.com, msherbak@texas.net,
chadsiddons306@telocity.com, cscsiddons@imcingular.com,
csiddons@comscore.com, ssiddons@griffithnixon.com, siddons@airmail.net,
thesiddons@worldnet.att.net, whitneysiddons@telocity.com,
tx_vickster@hotmail.com, rsole@us.oracle.com, mandy.spencer@hostcentric.com,
kc.stevens@ntlworld.com, philipsutton@yahoo.com, lara.szymon@oracle.com,
Jennifer_Thomas@amsinc.com, mikepthomas@yahoo.com, sheri.thomas@enron.com,
bentsuch@yahoo.com, Allen.W.Ueckert@enron.com, jvalent@entergy.com,
mveach@cs.stanford.edu, byrontch@aol.com,
Alejandro.Vizcaino.Pabon@oracle.com, jtwebb@seagullsw.com, nmw14@yahoo.com,
bigluv54@aol.com, slsdfy@earthlink.net, nateandmichelle@home.com,
hollyw@email.msn.com, uscollett@aol.com, JeniR@mattfirm.com
cc:
Subject: New email - Please respond

I am changing my email to scott_crowell@hotmail.com.

However, I have no way to transfer my address book.  Could you please send
a quick response to my hotmail account so I can have my addresses there.
Thanks.  Sorry for the trouble.

Scott Crowell
Cap Gemini Ernst & Young Consulting
Senior Consultant - Oracle High Growth

214.665.5751  office
214.543.9093  cellular

______________________________________________________________________
The information contained in this communication is intended solely for the
use of the individual or entity to whom it is addressed and others
authorized to receive it. It may contain confidential or legally privileged
information. If you are not the intended recipient you are hereby notified
that any disclosure, copying, distribution or taking any action in reliance
on the contents of this information is strictly prohibited and may be
unlawful. If you have received this communication in error, please notify
us immediately by responding to this email and then delete it from your
system. Cap Gemini Ernst & Young is neither liable for the proper and
complete transmission of the information contained in this communication
nor for any delay in its receipt.


In case you haven't already seen it, here's the PowerPoint deck that Ken Lay used in his address to the creditors' committee formation meeting today.  Nothing earth-shattering in here, but there are a few interesting slides, especially 16 and 17.

Patrick


What is the curve name for PJM ICAP?


I am attaching several items that I hope you will find useful when you brief
Chambers:

A background document (which is a bit dated, but still useful). This is an
internal document, so I would appreciate it if you would keep it confidential
(though you are free to use the content in your own messages or documents).
A basic outline of solutions.
A summary of the Governor's recent executive orders. (It's another internal
analysis.) I think these orders show a better understanding of the problems
and solutions than we have seen before.  As we discussed on the phone, our
biggest problem is inertia ... we don't have much time, many solutions have
long lead times, and the political wheels grind slowly.

Jeff Dasovich: please forward any specifics on the demand buy down proposal
and anything else that you think might be helpful background for Laura.


Invest in your future. One of the characteristics of successful people
is that they take the time to increase their knowledge and enhance
their value to the organization.

For specific dates, hotels and other information, call
412-279-9298 or visit  http://www.pgsenergy.com/schedule.html

   1) Fundamentals of Energy & Electricity Futures, Options
       & Derivatives
   2) Fundamentals of Electric Power Trading
   3) Gas-to-Electricity Arbitrage & How to Maximize the
       Profitability of Electric Generation Assets
   4) Fundamentals of Statistical Analysis.
   5) How to Value Electric Generation Assets as Real Options
   6) Managing Weather Risk with Weather Derivatives

Please forward this information to any one you know who might
benefit from a better understanding of energy derivatives, weather
risk, gas-to-electricity arbitrage or electric power trading.

Save money by bringing a group of 4 or more. With a group
rate, your cost for our $1,295 seminars is reduced to $895 per
attendee-- a savings of $1,600 from our regular prices. The group
price for the $695 programs is $495.

John Adamiak
PGS Energy Training


Dear HBS Alumni:
b6a6b64.jpg
Spend an evening on the water in Galveston Bay!
Join your fellow alumni for the first social event of the year.  The HBS Club is sponsoring an evening cruise on Saturday October 6th on the Star Cruiser, a 90 foot luxury entertainment yacht.  Bring your spouse or a guest and enjoy dinner and drinks while cruising Galveston Bay.
DATE:     Saturday, October 6, 2001
TIME:      6:30 pm to 7:00 pm Boarding; 7:00 pm to 10:00 pm Cruise
PLACE:   Star Fleet Marina, 280 Grove Road, Kemah, TX
COST:     Platinum Members:  No charge     Guests:  $65                 Gold Members:        $55              Guests:  $65                 Silver Members:       $65              Guests:  $70                 (Covers dinner, beer/wine bar and cruise)
RSVP:     RESERVATIONS REQUIRED By 5:00 pm on September 20, 2001  email dottie@kerr-solutions.com, phone (281) 424-3084, fax (281) 424-4770 or at www.hbshouston.org
To learn more about the Star Cruiser visit www.starfleetyachts.com .
Capacity is limited so please RSVP early.  Because we have to give a final headcount on September 21, cancellations cannot be accepted after this date.
To get to the Star Fleet Marina from Houston:  Take I-45 South and exit at the League City Exit (#23).  Turn Left under the Freeway onto FM 518.  After 3 miles, FM 518 will veer to the Right. DO NOT turn right.  Continue straight onto FM 2094. Go approximately 4 miles.  Turn Left onto Carolyn Street (100' before FM 2094 dead ends into HWY 146).  Carolyn Street veers left, then becomes Grove Road and dead ends into the marina.
I hope you choose to join us for this fun event.
Best Regards,
Sean Daichman
President

Reservation
Saturday October 6, 2001 "Evening on the Star Cruiser"
Member Name:
Guest Name:
Platinum Members:     No charge        Guests: $65
Gold Members:           $55                 Guests: $65
Silver Members:          $65                 Guests: $70
Payment Method (Check one)
1. _____     Credit card on file
2. _____     Credit Card (Visa, MC) Number: ________________ Exp Date:  ______
3. _____     Cash or Check enclosed
RESERVATIONS REQUIRED.  Reservations accepted until 5:00 pm on September 20,
2001.  Fax this form to (281) 424-4770, e-mail dottie@kerr-solutions.com, or call (281) 424-3084.

Upcoming Events
?     September 6 - Breakfast Club Meeting with Orlando Sanchez
?     September 19 - Robert Miller, Chairman Metro Luncheon
?     September 20 - Breakfast Club Meeting at River Oaks Country Club
?     September 27 - Monthly Mixer
?     October 4 - Breakfast Club Meeting at River Oaks Country Club
?     October 11 - HBS Recruiting Mixer at St. Regis Hotel
?     October 18 - Breakfast Club Meeting at River Oaks Country Club
?     October 25 - Monthly Mixer
?     October 30 - Gerald Glenn, CEO Chicago Bridge & Iron Luncheon
?     November 1 - Breakfast Club Meeting at River Oaks Country Club
?     November 15 - Breakfast Club Meeting at River Oaks Country Club
?     November 29 - Bob Beauchamp, CEO BMC Software Luncheon
?     November 29  - Monthly Mixer
?     December 6 - Breakfast Club meeting at River Oaks Country Club
?     December 20 - Breakfast Club meeting at River Oaks Country Club
www.hbshouston.org
 - b6a6b64.jpg


Sara,

Stuart just executed an FX deal with MG.   He is hedging some cashflows for a
metals trade that they have done.  As the MG entitity which Enron purchased
is MG Plc, I am assuming that we should book this trade as MG plc.  Would you
think otherwise?  Does Legal have any official documentation on the MG
purchase that we could send to Global CP so that they can set up MG plc in
their database.  Currently, there are lot's of MG's in global, but  they all
have different names (MG Metal & Commodity Co. Ltd, MG Refining & Marketing,
etc. )


I am attaching the presentation from the May 7th EGM all-employee meeting.
Due to time constraints, the meeting covered only four of the EGM markets:
coal, LNG, weather and crude/products.

Let me know if you have any questions.

Lisa

----- Forwarded by Lisa Yoho/NA/Enron on 05/10/2001 01:31 PM -----

	Cathy Phillips@ECT
	05/10/2001 01:25 PM

		 To: Lisa Yoho/NA/Enron@ENRON
		 cc:
		 Subject: Re: May 7 Meeting

Hi Lisa -

Here is the presentation.

Cathy

	Lisa Yoho@ENRON
	05/10/2001 01:18 PM

		 To: Cathy Phillips/HOU/ECT@ECT
		 cc:
		 Subject: May 7 Meeting

Cathy -

Do you have an electronic copy of the presentations that were made on May
7?   If so, would you mind forwarding it to me?

Thanks.
Lisa


The Enron Center Garage has opened.

Employees who work for business units that are scheduled to move to the new building and currently park in the 777 Clay garage are being offered a parking space in the new Enron Center garage.

This is the only offer you will receive during the initial migration to the new garage. Spaces will be filled on a first come first served basis. The cost for the new garage will be the same as Allen Center garage which is currently $165.00 per month, less the company subsidy, leaving a monthly employee cost of $94.00.

If you choose not to accept this offer at this time, you may add your name to the Enron Center garage waiting list at a later day and offers will be made as spaces become available.

The Saturn Sky Ring  that connects the garage and both buildings will not be opened until summer 2001. All initial parkers will have to use the street level entrance to Enron Center North until Saturn Sky Ring access is available. Garage stairways next to the elevator lobbies at each floor may be used as an exit in the event of elevator trouble.

If you are interested in accepting this offer, please reply via email to Parking and Transportation as soon as you reach a decision. Following your email, arrangements will be made for you to turn in your old parking card and receive a parking transponder along with a new information packet for the new garage.

The Parking and Transportation desk may be reached via email at Parking and Transportation/Corp/Enron or 713-853-7060  with any questions.

(You may enter & exit on Clay St. and Bell St., also pedestrians, will have to use the garage stairwell located on the corner of Bell & Smith.)

Please respond via e-mail if you are interested in acquiring one of these spaces.


Hello all,

I will see you in finance tonight - I have been sick and travelling so have
been a little out of the loop lately.

I should be there by the time break starts - I will be in class a little
late today.

At 12:03 PM 11/27/00, Jacqueline Kelly wrote:
>Sorry about that!  We didn't get a break on Monday!!  We had to go to meet
>with the law students in another part of campus to debrief a negotiation
>that we did with them.
>
>My palm purged all of the data over the weekend, so I couldn't leave you
>guys a message.  Another reason why Ted's address book is better than my
>palm.  :)
>
>My family leaves tomorrow morning, so hopefully I can get back in sync with
>school.
>
>tomorrow at the break works for me!
>
>-Jackie
>
>-----Original Message-----
>From: Chris Neale [mailto:chrisjneale@hotmail.com]
>Sent: Monday, November 27, 2000 11:42 AM
>To: JKelly@fairisaac.com; Jeff.Dasovich@enron.com
>Cc: kupiecki@haas.berkeley.edu; tedchin@hotmail.com
>Subject: RE: spreadsheet
>
>
>Hey gang,
>
>I hope you all had a geat Thanksgiving.  Where were you last Monday?
>Anyway, I will be at the Tuesday Finance class if we need to meet at the
>break.
>
>Chris
>
>
> >From: Jacqueline Kelly <JKelly@FairIsaac.com>
> >To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
> >CC: "Chris Neale (E-mail 2)" <chrisjneale@hotmail.com>, "Kimberely Kupiecki
>
> >(E-mail)" <kupiecki@haas.berkeley.edu>, "Ted Chin (E-mail)"
> ><tedchin@hotmail.com>
> >Subject: RE: spreadsheet
> >Date: Wed, 22 Nov 2000 13:00:03 -0800
> >
> >Hopefully you will all get this...I have been having computer problems all
> >day.
> >
> >Jeff thanks again for your help...btw, what's your finders fee?
> >
> >-Jackie
> >
> >
> >-----Original Message-----
> >From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
> >Sent: Wednesday, November 22, 2000 12:18 PM
> >To: Jacqueline Kelly
> >Subject: Re: spreadsheet
> >
> >
> >
> >Hey, fearless, leader. You going to distribute that spreadsheet?  And when
> >do we need to regroup.
> >
> >Happy Thanksgiving.  I'll report by on my conversations with Mike.
> >
> >Best,
> >Jeff
> >
> ><< FINgroupproject.xls >>
>
>____________________________________________________________________________
>_________
>Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

Kimberly Kupiecki
Director
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801


Ellen,
 One more thing, when the deal is confirmed, it should be confirmed as an
Houston Pipe Line Company deal.  If you have any questions please call me,
Barbara Gray or Jeff Hodge.

	Ellen Wallumrod@ENRON
	12/12/2000 10:42 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Janet H Wallis/HOU/ECT@ECT
		 Subject: Re: New Deals

Dan & Janet,

Is this a confirmation of a deal or just an offer ?
Have you got a deal number ?
Our systems can not generate a confirmation without a deal number, so if this
is just an offer, can we just send out Janet's attached document ?

Regards
Ellen

Dan J Hyvl@ECT
12/12/2000 10:31 AM
To: Ellen Wallumrod/NA/Enron@ENRON
cc:

Subject: Re: New Deals

Ellen,
 With this added information, can you generate the contemplated confirmation?
----- Forwarded by Dan J Hyvl/HOU/ECT on 12/12/2000 10:29 AM -----

	Janet H Wallis
	12/12/2000 09:57 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT
		 Subject: Re: New Deals

Forget the greenhouse requirements and  just make it requirements up to 50
MMbtu a day.  The meter number is #1598.
Also, the GTC method is fine with me.

Thanks,
J

Dan J Hyvl
12/12/2000 09:44 AM
To: Janet H Wallis/HOU/ECT@ECT
cc: Ellen Wallumrod/NA/Enron@ENRON, Bob Bowen/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT
Subject: Re: New Deals

Janet,
 Two items regarding the Panther deal.   What is meant by "Greenhouse
requirements"?  New delivery point, can be get a better description about
this point, is it currently in existence, if so, how was it put in, who was
the deal maker for the installation, etc.  After this information is
provided, I see no reason why this shouldn't be documented by the confirm
desk using a standard    GTC confirm.

	Janet H Wallis
	12/12/2000 09:17 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: New Deals

Panther

I will send the Entex deal later, thanks.

Janet


See attached summary for some excellent FERC decisions thanks to regulatory
affairs in Houston and D.C.  Given that FERC appears to be applying some of
these decisions to all utilities in these regions, I would assume we could
argue that the FERC requirements should apply in the West too.
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/10/2000 01:48 PM
---------------------------
To: Richard Shapiro/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Jeff Brown/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
Ben Jacoby/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Debbie
Chance/Corp/Enron@Enron, Patrick Hanse/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Edward D Baughman/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Bill
Moore/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Charles Yeung/HOU/ECT@ECT,
Shelley Corman/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Kerry Stroup/DUB/EES@EES, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, David L
Fairley/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Steve
Krimsky/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Fred Mitro/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Reagan
Rorschach/NA/Enron@Enron, John Berger/HOU/EES@EES, Alan Larsen/PDX/ECT@ECT,
Rusty Stevens/Corp/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Mathew
Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT,
Susan M Landwehr/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Joe Connor/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron,
Robin Kittel/NA/Enron@Enron, Karen E Carter/NA/Enron@Enron, Chris
Booth/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, ray.hoppe@enron.com, george.mccormick@enron.com,
wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com,
bill.rust@enron.com, Kevin M Presto/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT,
George Hopley/HOU/ECT@ect, Fletcher J Sturm/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Mike
Carson/Corp/Enron@Enron, Kyle Schultz/HOU/ECT@ECT, Eric
Saibi/Corp/Enron@ENRON, Grace Kim/NA/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron
Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power Systems

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


I fogot to tell you.  Enron would be interested in a coal project.  I will
send you there presentation they have put together.  I will send via e-mail,
so you will need to open up the document.  Let me run with this with Delainey
and I will get back with you and Michael.
Ben


CALENDAR ENTRY:	APPOINTMENT

Description:
	phone interview w/ Meg Nguyen 303-296-3416

Date:		8/7/2000
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/06/2000 12:35
PM ---------------------------

Mike J Miller@ECT
12/06/2000 12:29 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: GenPower Letter

Please review and comment.  Thanks.


There are several potential definitions of quasirent in the economics
literature.  I evidently have not used the one I should have in section.
So here is a definitive explanation of quasi-rent.  You can also look in
Besanko on pages 153-154.  Note that this definition does not change how
we should solve the problems.  It is simply a definition.  I apologize for
any sudden panic attacks this causes.

Quasi-rent should be considered as equal to your sunk costs.  This is the
amount another business can hold you up for after your entry.  If I have
to sink 5 million dollars to enter, my quasi-rent will be 5 million
dollars, which I may be held up for after I enter.   Thus in solving
holdup problems, you can consider it two ways.  1.  The potential holdup
amount is equal to the quasirent which equals the sunk cost at that point.
or 2. How much does a firm have to receive to continue to produce AFTER
sinking their sunk costs.

I hope this definition has cleared the haze which I am at least partially
responsible.   Once again, the explanation of how to solve these problems
has always been correct.  The strict definition of quasirents was not.

J. Lamar Pierce
Ph.D Student
Haas School of Business
UC Berkeley


You're right.  I was comparing the output example that I gave you yesterday
and the previous output, which are the same.

Thanks.


I'll give him a call.

Derek
---------------------- Forwarded by Derek Davies/CAL/ECT on 05/16/2001 11:31 AM ---------------------------
From:	John J Lavorato/ENRON@enronXgate on 05/16/2001 12:30 PM CDT
To:	Derek Davies/CAL/ECT@ECT
cc:
Subject:

I told Miller that you and him should sit down and discuss the PPA.


FYI--

Kinder Morgan will be injecting 30.0/day into Bammel storage during April.

Thanks,
Mark
x33396


All-

  Per an inquiry from Lousiana Pacific regarding deal # 421598.1 (LT NW):

  Structure: 		7 MW around the clock, 100% load factor. Buy back at basis or remarket at a 70% / 30% split.

  February 23, 2001:  	Load was taken from 7 MW to 4 MW for HE 11 - 24.  Deal # 421598.1 was reduced from a 7 MW to a 4 MW (D. Scholtes).
			We remarketed the 3 MW's real time to WWP deal # 530654.1 (source PGE).  We did not enter a deal to keep LP whole.

  February 24, 2001:  	Load was taken from 7 MW to 4 MW for HE 1 - 24.   Deal # 421598.1 was reduced from a 7 MW to a 4 MW (D. Scholtes).
			We remarketed the 3 MW's real time to Puget for HE 1-9 deal # 530689.1 and to WWP for HE 10-24 deal # 530716.1.
			We did not enter a deal to keep LP whole.

 August 29, 2001:  	Virginia set deal # 421598.1 back to 7 MW, keeping sale to LP whole, and entered deal # 754187.1 to buy back 3 MW of LP energy at 70 % of  the 			price sold real time. (70% / 30% split according to agreement with LP).
			VT routed original purchase from PGE-deal 529161.1 (ST NW) back to Lousiana Pacific-deal # 421598.1 (LT NW) and routed the "buy-back" deal # 			754187.1 (ST W HOURLY) to WWP and to Puget (ST W HOURLY).

  I think that this will properly take care of the dispute and make Lousiana Pacific happy.  Please let me know if you have any questions or comments.

  Thanks,

  Virginia


Shelley,

I will be out of the office tomorrow morning participating in a charity golf tournament sponsored by EDS at South Shore Harbor.  Mark Giglotti, Jeannie Licciardo, Don Stacy and I are playing together.

I know the timing may be bad because of the financial project we have been preparing but the charitable contribution to play was quite generous and I do not want to back out of my commitment to the other team members.

HOWEVER, IF YOU NEED ME FOR ANY REASON, PLEASE PAGE ME AT 1(800) 609-6967 OR CALL MY CELL PHONE AT (713) 569-4140.  ALMA WILL ALSO KNOW HOW TO GET A HOLD OF ME.  I will only be 45 minutes away and will be able to come straight into the office, if needed.

I will check in during the day with Linda Trevino, as she will be sitting in for me at your staff meeting.

Rick

Rick


I think the Qs and As look good. I wouldn't bring up the California situation
(eliminate the second half of A25).

Eric Thode
08/22/2000 04:53 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Project Stanley Q&As

Comments?

---------------------- Forwarded by Eric Thode/Corp/Enron on 08/22/2000 04:55
PM ---------------------------

Eric Thode
08/22/2000 04:52 PM
To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Robert Hemstock/CAL/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Richard Shapiro/HOU/EES@EES
cc:

Subject: Project Stanley Q&As

I haven't heard from anyone yet on the Q&A document related to Project
Stanley.  Any thoughts or comments on the attached?

---------------------- Forwarded by Eric Thode/Corp/Enron on 08/22/2000 04:53
PM ---------------------------

Eric Thode
08/11/2000 04:31 PM
To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Robert Hemstock/CAL/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Richard Shapiro/HOU/EES@EES
cc:

Subject: Project Stanley Q&As

Attached are the 58 questions prepared by GPC in anticipation of a public
release on Project Stanley.  The answers have been compiled by numerous
individuals, including Aleck, Rob, Kevin Wellenius and me.  Please review,
make changes and return to me at your earliest convenience.  I will compile
everyone's corrections, additions, etc. and prepare a revised document.
Thanks.

If you have any questions, call me at ext. 3-9053.

Eric


Mallik,

I will be in the Houston Office all of next week.  I am arriving Monday after but am currently booked in meetings for most of the afternoon.  It would be great for.

Please let me know what time on Tuesday would be best for you.

Thanks - MO

 -----Original Message-----
From: 	Avs, Mallik
Sent:	Thursday, August 02, 2001 9:40 AM
To:	O'Neil, Murray P.
Cc:	Herndon, Rogers; Richter, Jeff
Subject:	Site Profile Desk Settlements

Murray,

Hi.

I manage EWS Site Profile Desk, which is responsible for identifying, pricing and managing consumption risk in all EES deals. I understand from Jeff that you will be responsible for Power settlements and will be able to help me in developing appropriate actualization / settlement processes. I would love the opportunity to get together with you and talk about these issues at your earliest convenience. Thanks.

Mallik
X-53263


Dear Gretchen:

Wow!  You are thinking ahead!  What is a Leap Pad?  Is it something computer
related? I have never heard of it.

On our end, we have planned a trip to DC to visit Madison in August -- nice
and hot by then.  We just got word that we have tix to the Orioles game while
we are there, so that is good.  We got new furniture in the living room -- a
chocolate brown suede/leather sofa and chair/ottoman.  It amplified the need
for bright art in that room -- to the galleries and starving artists sales we
go!

Stay cool -- Michelle

------------------------------------------------------------------------------
---------------------------

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	"wpcashjr" <wpcashjr@email.msn.com>
	06/27/2000 03:43 PM

		 To: "Cash, Michelle" <michelle.cash@enron.com>
		 cc:
		 Subject: Xmas

Hi!? The heat has gotten to us!? We are  thinking Christmas.? We would like
to give C a Leap Pad if he doesn't have  one and you and T think it would be
appropriate.? The item is for ages 4  and up but we do not think C is too
young for it and hopefully it will get him  to read more.? Nothing exciting
happening here.? Just waiting, waiting  for furniture, materials, etc.? Takes
forever as you well know.?  What's happening your end?? G?


A Conference call to discuss any comments we may want to make on the CPUC's Proposed Decision in the GIR Proceeding has been scheduled for Wednesday, Oct. 17, 2001 at 11:00 AM Houston/Omaha time and 9:00 AM California time.  The dial-in # is 1-877-795-3687 code: 350955.  In Houston, Conf. Rm. 1336 has been reserved for the call.


Chris--Attached is an updated version of our March '00 Needs spreadsheet from
the one that I sent you last night.   The only changes relative to the
previous
version are as follows:

I'll give you a call shortly.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03 00 SUPPLY NEEDS - ALL LDCS                     (MASTER).xls


Jeff:

Here's a draft for your review:

I suggest that the payment terms for the offshore contract require the intial
payment to be made within 7 business days of execution.  That way, we can
sign this up next week.

Kay


Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 12/22/2000 04:53 PM -----

	"Rosser, Dianna" <drosser@velaw.com>
	12/19/2000 05:56 PM

		 To: "'mwilson@milbank.com'" <mwilson@milbank.com>, "'rwight@milbank.com'"
<rwight@milbank.com>, jeffrey.w.dellapina@chase.com,
melissa.c.vogel@chase.com, philip.levy@chase.com
		 cc: "Shouse, August" <AShouse@velaw.com>, "'teresa.g.bushman@enron.com'"
<teresa.g.bushman@enron.com>, "'joseph.deffner@enron.com'"
<joseph.deffner@enron.com>
		 Subject: blacklined documents and closing checklist comments

Attached please find blacklined versions of the 5 documents that have
changed, based on the 12/15 comments that Melanie Wilson sent as well as the
subsequent conversation between Melanie, August Shouse and myself.  In
addition, the Guaranty has been further revised to reflect the June 2000
Guaranty as opposed to the June 1999 Guaranty.
 Milbank has raised the question as to whether the surety bonds are
assignable, and we understand from Enron that they are not assignable.  This
information has already been relayed by Joe Deffner to Jeffrey Dellapina.

 Milbank has also sent us a closing list.  What we have sent Milbank
includes:
  1.2- Margin Agreement
  1.3- Margin Price Confirmation Letter
  1.4- Enron Guaranty
  1.7- Consent and Agreement (Enron Corp)
  1.8- Consent and Agreement (ENAC)
  2.1- Forward Sale Agreement
  2.2- Confirmation Letter of Natural Gas Inventory Forward
Sale

 Additionally, we have sent Milbank a Letter Agreement regarding
duplicate delivery of information, which does not appear on the closing
list.
 We are not planning on drafting 1.1- Assignment Agreement, as is
currently reflected on the list.  We assume that Milbank is going to draft
this document.  We are also not doing 1.5- Surety Bond; the surety companies
will be doing those.  In addition, 3.1 and 4.1- Good Standing Certificates,
3.2 and 4.2- Secretary's Certificates have traditionally been handled by
Enron Corp.  Lastly, we are not planning on getting 5.1- Good Standing
certificates for Mahonia.

 We would also propose that Milbank reorganize the closing checklist
so that the gas sale transaction documents between Enron and Mahonia are in
one group.For example, 1.2, 1.3, 1.4, 1.5, 1.7, 1.8, 2.1, 2.2 plus the
Letter Agreement regarding duplicate delivery of information should be in
one group regarding the forward sale contract, and all other documents
should be in one or more other groups.

 Please feel free to contact August Shouse or me with any questions
or comments.

 Warm regards,

 Dianna J. Rosser
 Vinson & Elkins L.L.P.
 Business and International Section
 3300 First City Tower
 1001 Fannin Street
 Houston, Texas 77002-6760
 tel: (713) 758-3688
 fax: (713) 615-5899
 email: drosser@velaw.com
>
>
>
>
>  <<Houston_414601_1.DOC>>  <<Houston_414342_1.DOC>>
> <<Houston_414358_1.DOC>>  <<Houston_414377_1.DOC>>
> <<Houston_414393_1.DOC>>
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

 - Houston_414601_1.DOC
 - Houston_414342_1.DOC
 - Houston_414358_1.DOC
 - Houston_414377_1.DOC
 - Houston_414393_1.DOC


The data is the most accurate data on field receipts and well completions in the US.  Chris believes that he can create an accurate production forecast model by basin and county.  This would give us an edge in the overall and basis market.

 -----Original Message-----
From: 	Lavorato, John
Sent:	Thursday, January 31, 2002 2:58 PM
To:	Shively, Hunter S.
Subject:	FW: IHS Meeting

This is very fuck'n expensive.  Are we sure this isn't obtainable cheaper.

 -----Original Message-----
From: 	Gaskill, Chris
Sent:	Thursday, January 31, 2002 11:15 AM
To:	Shively, Hunter S.
Cc:	Lavorato, John
Subject:	IHS Meeting

Hunter,

IHS
We met with IHS this morning to discuss the data that we need to complete our supply forecasts.  It is our intent to use the monthly historical production data in combination with well completion data, rig counts, and drilling permits to build a more accurate production forecast.  We need complete well characteristic data (depth, basin, age) in order to be accurate.

In order to reach the goal above, we need to invest in two data services from IHS:

	US Production data - monthly volumes from all wells in the US updated on a lag of 1-6 months - $159,500/Yr. delivered on CD-ROM monthly
	US Well data - well characteristics updated monthly, data age is only limited by CD-ROM delivery - $154,000/Yr. delivered on CD-ROM monthly

Next year, we will be able to cut the US Well data and add Scout Express, which will cut the cost by $115,500.  Scout Express has only one year of historical well data, so it does not currently meet our needs.  We will be able to do this after we build the historical well information into our supply forecast.

Danielle Marcinkowski is working with IHS on the contract for the data, she is going to try and negotiate the price this afternoon.  She anticipated having the contract today, and sending it to Chicago for approval.

PIRA
Danielle is working to finalize the agreement in the next 3 days.  I gave her a list of the services that we needed, and told her that we would like to distribute the PIRA material on the Commodity Fundamentals website instead of having individual user accounts.  Based on the services that I think we'll need (North Americal Natural Gas, North American Electricity, and the Daily Demand Forecast), our combined cost for Gas and Power in Houston, Portland, Calgary, and Toronto should be around $100,000 for 100 users.  Danielle is going to send an e-mail when she has the final price.

Let me know if you have any questions.

Chris


FYI

 -----Original Message-----
From:  "Frank Busot" <flbusot@tecoenergy.com>@ENRON
Sent: Wednesday, April 11, 2001 7:59 PM
To: Curry, Mike
Cc: Dean, Clint; Gilbert-Smith, Doug; Cross, Edith; Eric Bronner
Subject: Re: FRONTERA Operational Questions

Mike,

1.  Please see attached spreadsheet.
2.  Ditto.
3.  Attached spreadsheets have some info.  I am working on more detail for
you.
4.  I am seeking response from TPS engineering.
5.  I am seeking additional info from TPS environmental.
6.  See spreadsheets.  No duct firing.

- Frank

P.S.  On the Heat Rate Spreadsheet, look@ the 2x1 and 1x1 tabs (it is a work
in progress).

What about the 'operational tools' you referred to that you may have on the
shelf and can provide to me?

>>> "Curry, Mike" <Mike.Curry@ENRON.com> 04/11/01 01:54PM >>>
Frank, here is the list of operational info that I think would be
helpful to our team:

1) Ramp Rates for plant (ramp up and down)
 - zero to 139 MW (this is probably N/A due to permit concerns?)
 - 140 to 230 MW
 - 231 to 280 MW (this is probably N/A due to permit concerns?)
 - 281 to 460 MW

2) Heat Rate Curves
 - vs. output
 - vs. Temp. / Rel. Humidity

3) Start charge (in MMBtu) -  please define each, i.e. cold start means
plant has been down x hours
 - cold start
 - warm start
 - hot start

4) Is there a maximum number of starts per year?

5) Is there any permit limitations other than below?
 - In 1x1 must operate only between 140 MW and 230MW approx. to
stay within permit limits?
 - In 2x1 must operate only between 280 MW and 460MW approx. to
stay within permit limits?
 - Annual limit on run time or tons of emission?
 - What is a violation, is it any deviation or must the deviation
occur for a min. amount of time?

6) Operational limits
 - In 1x1 operates between 140 MW and 230MW approx.
 - In 2x1 operates between 280 MW and 460MW approx.
 - Any other level that can be operated?  Any duct firing?

Thanks for your assistance with these, - Mike

 - Frontera APRIL 2001 Mike Curry.xls
 - Frontera Heat Rate Charts FB.xls


---------------------- Forwarded by Beth A Ryan/HOU/ECT on 02/07/2000 03:38
PM ---------------------------

Brian Redmond
02/07/2000 03:35 PM
To:
cc:
Subject: 2000 Goals & Objectives

Team:

The attached provides a summary of our goals & objectives for 2000.  We have
a number of challenges this year, but we making good progress building on our
success in 1999.

The 2000 goals and objectives were developed as part of last year's budget
process and were refined during our recent offsite.    A compilation of the
presentations from the offsite were distributed to each of the VP's for
discussion with their groups.  It will take continued effort from each of us
to shift our source of earnings from monetizations to commercial
origination.  As always, your ideas and active participation is encouraged.

Regards,
Brian


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

lysa.akin@enron.com

	Enron Capital & Trade Resources Corp.

	From:  Scott Govenar <sgovenar@govadv.com>
03/28/2001 01:42 PM

To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev Hansen
<bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>,
"dblack@enron.com" <dblack@enron.com>, "emelvin@enron.com"
<emelvin@enron.com>, "ehughes2@enron.com" <ehughes2@enron.com>,
"gweiss@enron.com" <gweiss@enron.com>, "gsavage@enron.com"
<gsavage@enron.com>, "Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>,
"kgustafs@enron.com" <kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>,
"sgahn@enron.com" <sgahn@enron.com>, "vsharp@enron.com" <vsharp@enron.com>,
"wcurry@enron.com" <wcurry@enron.com>, "William.S.Bradford@enron.com"
<William.S.Bradford@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>, John
Neslage <john.neslage@enron.com>, Ken Smith <ken@kdscommunications.com>, Bob
Frank <bfrank@enron.com>
cc:
Subject: Assembly Republicans

The attached document was released by the Assembly Republicans in
response to the CPUC action.

 - 3-28-01.pdf


Energy Conversion Rate: For conversion from Gigajoules ("GJ's") to MMBtu, One
(1) MMBtu shall be equal to 1.054615 GJ's.  The Notional Quantity per
Calculation Period shall be multiplied by the Energy Conversion Rate which
will equal the equivalent Notional Quantity per Calculation Period in GJ's


I think we will be staying in Richmond.  At least that was the plan as of
Friday afternoon.

Heather Kroll will be meeting with us.

Kay

"Nancy Wodka" <nwodka@bracepatt.com> on 07/16/2000 04:09:46 PM
To: <Kay.Mann@enron.com>
cc:

Subject: Re: Next week's meeting

That will be fine.  I'll reserve a conference room--just let me know when to
expect you.  Our office is at 2000 K St, N.W., Suite 500.  Do you need any
help with hotel reservations?

>>> <Kay.Mann@enron.com> 07/14/00 07:15PM >>>
Hi Nancy,

We are still on for Thursday with VEPCO in Richmond.  I would like for you
to participate.  In addition, we would like the opportunity to meet with
you before hand.  We can meet late Wednesday afternoon in DC.  How does
that sound to you?

I look forward to speaking with you soon,

Kay


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

September 7, 2001 5:00pm through September 10, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:  NA

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

EES:
Impact:  EES
Time:  Fri 9/7/2001 at  7:00:00 PM CT thru Sat 9/8/2001 at  12:00:00 AM CT
	Fri 9/7/2001 at  5:00:00 PM PT thru Fri 9/7/2001 at    10:00:00 PM PT
	Sat 9/8/2001 at  1:00:00 AM London thru Sat 9/8/2001 at  6:00:00 AM London
Outage:  Migrate EESHOU-FS1 data to new hardware
Environments Impacted:  EES
Purpose: Correct virus and performance issues
Backout: Revert back to old server hardware, which will still contain a current copy of the data
Contact(s): 	Hans Maverick  713-853-1741
		Rusty Ratliff  713-345-3087  800-759-8888 PIN 1784107

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:
Impact:  Traders
Time:  Sat 9/8/2001 at  12:00:00 AM CT thru Sat 9/8/2001 a  12:30:00 AM CT
	Fri 9/7/2001 at    10:00:00 PM PT thru Fri 9/7/2001 at  10:30:00 AM PT
	Sat 9/8/2001 at  6:00:00 AM London thru Sat 9/8/2001 at  6:30:00 AM London
Outage:  Upgrade TRD-CX11 & TRD-CX12
Environments Impacted:  Traders
Purpose: We need to add additional gig ports to support a new traders cluster, we have to upgrade the code on the switches to support the new gig blade
Backout: Load the old version of code, reboot
Contact(s): 	Vincent Fox                     713-853-5337
		Christopher M Ducker    713-345-8241

Impact:  Traders
Time:  Sat 9/8/2001 at  12:30:00 AM CT thru Sat 9/8/2001 at  1:00:00 AM CT
	Fri 9/7/2001 at  10:30:00 PM PT thru Fri 9/7/2001 at  11:00:00 PM PT
	Sat 9/8/2001 at  6:30:00 AM London thru Sat 9/8/2001 at  7:00:00 AM London
Outage:  Upgrade Trader 1 and 2 switch and router code
Environments Impacted:  Traders
Purpose: Bug in code is filling up logs
Backout: Replace new cards with old cards, reboot boxes.
Contact(s): 	Christopher M Ducker    713-345-8241
		Vincent Fox                     713-853-5337

Impact:  CORP
Time:  Sat 9/8/2001 at  11:30:00 PM CT thru Sun 9/9/2001 at  12:30:00 AM CT
	Sat 9/8/2001 at    9:30:00 PM PT thru Sat 9/8/2001 at   10:30:00 PM PT
	Sun 9/9/2001 at  5:30:00 AM London thru Sun 9/9/2001 at  6:30:00 AM London
Outage:  Metropolitain Network Routing Turnup
Environments Impacted:  All
Purpose: Increased bandwidth between Ardmore and ECN and ECS, increased redundancy
Backout: Turn on routing
Contact(s): 	Vincent Fox    713-853-5337

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:
Impact:  Corp Notes
Time:  Fri 9/7/2001 at  9:00:00 PM CT thru Sat 9/8/2001 at   1:00:00 AM CT
	Fri 9/7/2001 at  7:00:00 PM PT thru Fri 9/7/2001 at  11:00:00 PM PT
	Sat 9/8/2001 at  3:00:00 AM London thru Sat 9/8/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): 	Trey Rhodes  (713) 345-7792

Impact:  EI
Time:  Fri 9/7/2001 at  9:00:00 PM CT thru Sat 9/8/2001 at   1:00:00 AM CT
	Fri 9/7/2001 at  7:00:00 PM PT thru Fri 9/7/2001 at  11:00:00 PM PT
	Sat 9/8/2001 at  3:00:00 AM London thru Sat 9/8/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s): 	David Ricafrente    713-646-7741

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  Enron Net Works
Time:  Sat 9/8/2001 at  8:00:00 AM CT thru Sat 9/8/2001 at  12:00:00 PM CT
	Sat 9/8/2001 at  6:00:00 AM PT thru Sat 9/8/2001 at  10:00:00 AM PT
	Sat 9/8/2001 at  2:00:00 PM London thru Sat 9/8/2001 at  6:00:00 PM London
Outage:  Move PWRPROD1 database to a new server
Environments Impacted:  ENpower Users
Purpose: To provide better performance
Backout: Existing database will be intact on Neutron, fail back is to point back to existing database
Contact(s): 	Tantra Invedy  713 853 4304

Impact:  HRWeb.enron.com
Time:  Fri 9/7/2001 at  6:00:00 PM CT thru Fri 9/7/2001 at  7:00:00 PM CT
	Fri 9/7/2001 at  4:00:00 PM PT thru Fri 9/7/2001 at  5:00:00 PM PT
	Sat 9/8/2001 at  12:00:00 AM London thru Sat 9/8/2001 at  1:00:00 AM London
Outage:  HRWeb.enron.com Update
Environments Impacted:  Users of HRWeb
Purpose: At the request of HR.
Backout: Change back to original entry HRWSTG1.corp.enron.com.
Contact(s): 	Chris Littlejohn    713-853-4514

Impact:  ETS
Time:  Fri 9/7/2001 at  10:00:00 PM CT thru Mon 9/17/2001 at  6:00:00 AM CT
	Fri 9/7/2001 at    8:00:00 PM PT thru Mon 9/17/2001 at  4:00:00 AM PT
	Sat 9/8/2001 at  4:00:00 AM London thru Mon 9/17/2001 at  12:00:00 PM London
Outage:  Migrate DSS Data to ETS SAN
Environments Impacted:  ETS
Purpose: Current machine is being phased out.
Backout: None required.
Contact(s): 	Mary Vollmer    713-853-3381
		Joe Hellsten     713-853-7346

Impact:  Enron North America
Time:  Fri 9/7/2001 at  5:30:00 PM CT thru Sun 9/9/2001 at    1:00:00 AM CT
	Fri 9/7/2001 at  3:30:00 PM PT thru Sat 9/8/2001 at  11:00:00 PM PT
	Fri 9/7/2001 at  11:30:00 PM London thru Sun 9/9/2001 at  7:00:00 AM London
Outage:  Migration of the POPS Oracle Database
Environments Impacted:  Gas Control
Purpose: The Older version will not be supported by Oracle
Backout: Restore the old database
Contact(s): 	Vijay Balakrishnan  713 853 7162  281 960 7191(cell)
		DBA Oncall    888 993 3793
		Application On call    713 539 3340(cell)
Impact:  CORP
Time:  Sun 9/9/2001 at  10:00:00 AM CT thru Sun 9/9/2001 at  3:00:00 PM CT
	Sun 9/9/2001 at    8:00:00 AM PT thru Sun 9/9/2001 at  1:00:00 PM PT
	Sun 9/9/2001 at  4:00:00 PM London thru Sun 9/9/2001 at  9:00:00 PM London
Outage:  Update Houston GEM deployment share
Environments Impacted:  Corp
Purpose: To provide greater stability and resources, the CORP Windows 2000 image will upgraded to include new and upgraded components including Windows 2000 SP2, MDAC 2.6, Internet Explorer 5.5 SP1 and several others.
Backout: Replace the newer files with the original files.
Contact(s): 	Mark Hall    713-853-3380

Impact:  CORP
Time:  Sat 9/8/2001 at  8:00:00 AM CT thru Sat 9/8/2001 at  11:00:00 AM CT
	Sat 9/8/2001 at  6:00:00 AM PT thru Sat 9/8/2001 at    9:00:00 AM PT
	Sat 9/8/2001 at  2:00:00 PM London thru Sat 9/8/2001 at  5:00:00 PM London
Outage:  T-3 firmware upgrade for server spectre.
Environments Impacted:  Moneypenny and WSP
Purpose: General maintenance needed to keep hardware up to date.
Backout: Back out the new firmware code.
Contact(s): 	Malcolm Wells   713-345-3716

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

SCHEDULED SYSTEM OUTAGES: LONDON
Impact:  CORP
Time:  Fri 9/7/2001 at  6:00:00 PM CT thru Sat 9/8/2001 at 9:00:00 PM CT
	Fri 9/7/2001 at  4:00:00 PM PT thru Sat 9/8/2001 at  7:00:00 PM PT
	Sat 9/8/2001 at  12:00:00 AM London thru Sun 9/9/2001 at  3:00:00 AM London
Outage:  Complete Powerdown of the London office
Environments Impacted:  All
Purpose: Installation of a third generator at Enron House
Backout: Switch all equipment back on.
Contact(s): 	Tracy Pearson    830-34238 London Tie Line

----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


Does anyone else see any irony in this guy's name?  I swear I did not modify this in any way.

PERSPECTIVES
A tale of greed and hubris
Waldo Proffitt

11/18/2001
Sarasota Herald-Tribune
All
F2
(Copyright 2001)

For anyone not already disenchanted with the idea of total deregulation of public utilities, the most recent installment of the miserable Enron story as it unfolded last week should serve as a convincing example of the folly of relying on unregulated profit- driven enterprises to supply our energy.
A year ago Enron was the darling of Wall Street, the poster boy for the utility industry, its stock selling for about $85 a share. Last week its stock was worth about 10 percent of that and the company had agreed to be bought by a competitor. There was fear the company's bond rating might fall to the "junk" level.
What happened? It will take months, if not years, to untangle the details, but it is clear that the main culprit was greed, closely followed by hubris.
Not too many years ago Enron was a small, struggling, gas pipeline company in Houston. As deregulation spread to more and more states, Enron began acquiring pipelines, gas producers and utilities.
It also acquired friends in high places, especially the Bush family and their key political advisers. And, it discovered it could make money faster by selling and trading energy than by producing it. Enron sold many of its generating plants and became the biggest "power broker" in the nation.
Though it was by no means the largest winner in the con game that bilked California consumers of tens of billions of dollars, Enron was one of the first power barons to take advantage of California's flawed deregulation law -- virtually written by in-state and out-of- state utility companies.
The California fiasco soured (probably) most Americans on utility deregulation, but Enron was not singled out for calumny, and management saw no reason to examine its business ethics.
Contrarywise. management had visions of even greater profits, which it felt no obligation to share with ordinary stockholders. The chief financial officer and other high-ranking executives set up affiliated or subsidiary partnerships which made deals with Enron. I do not understand the details of these arrangements, but neither do independent accountants, the Securities and Exchange Commission or congressional investigators. It does seem clear that the Enron insiders made millions for themselves.
Enron acknowledges, without explaining, that stockholder equity dropped $1.2 billion in the last quarter and that it had for the last five years overstated profits by some $600 million. Whether this was by design or by mistake is in dispute, but it is the sort of thing which tends to undermine the confidence of investors.
So much for greed. Back to hubris. It seems not unlikely that Enron's leaders felt they might not be punished for a modest amount of corner-cutting because they had friends in high places.
The chief executive, Kenneth L. Lay, was and is a personal friend of George W. Bush and has easy access to the White House. For many months after the new administration took office, Karl Rove, Bush's top political strategist, owned Enron stock valued at $100,000 to $250,000, and sold it only after he had been able to secure a ruling that he did not have to pay capital gains tax immediately because he sold to avoid a conflict of interest. Lawrence Lindsey, the president's chief economic coordinator, and I. Lewis Libby, Vice President Cheney's chief of staff, owned stock in Enron, and Lindsey was paid $50,000 last year as a consultant for Enron.
Enron and its employees gave more than anyone else to Bush's four political campaigns -- one (unsuccessful) for Congress, two for governor and one for president. In 2000, Enron and its employees gave $113,000 to Bush's campaign, $250,000 to the Republican National Committee, and $300,000 to the Presidential Inauguration Committee.
Cabinet appointments affecting energy policy, key sub-Cabinet appointments, administration action or inaction in the California energy mess, and the overall energy policy of the administration could hardly have been more favorable to the interests of Enron.
And now a couple of questions: Is it possible the unusual financial maneuvers by Enron went unnoticed or even unsuspected by all the savvy Texas oilmen in the Bush administration? Were those of them with heavy investments in Enron unconcerned about the conduct of the company? Was Enron right in thinking its friends in government would not be in a hurry to investigate or to reprimand?
Or, in light of our preoccupation with terrorism, will the Enron case get much attention from the federal government? Or from voters?
Waldo Proffitt is the former editor of the Herald-Tribune.


Given the evolution of a number of our businesses, we have decided to make an
organizational change.  The change is in response to a number of factors.
First, as a part of our new initiative in Enron Net Works, it is becoming
clear that we have the opportunity to quickly expand Enron,s underlying
business model to other commodity markets.  Such an expansion requires a
coordinated focus on strategy as we select and develop these opportunities.
Second, the success of EnronOnline and the continued expansion of our
wholesale activities in North America and Europe have increased the
coordination requirements across our North American and European operations.
As a result of these two factors, we are making the following organizational
changes effective immediately:

Cliff Baxter will move from Enron North America to Enron Corp. as Executive
Vice President and Chief Strategy Officer.
Mark Frevert will become Chairman and CEO of North America, replacing Cliff.
In addition, Mark will remain Chairman of Enron Europe.
John Sherriff will become President and CEO of Enron Europe.

We are confident that these changes will increase the effectiveness of our
organization.  Please join us in congratulating Cliff, Mark and John on their
new responsibilities.


October 20th sounds great -- we will reserve the guest room for you!

SueW2@aol.com on 08/30/2000 04:09:10 PM
To: sally.beck@enron.com
cc:
Subject: Fooball game

Dear Sally,

Hope you had a good trip to Dallas, although it was a bit interrupted with
you trip back to Houston for Meagan's Open House.  Dad and I would like be
with you all on Friday the 20th of October.  I believe that may have been the
game we attended last year too.  We have meetings, the other two dates, so if
that still works for you we will plan on that date.  It also gives Dad a bit
more time to hopefully get his voice.  He returns to "DR" Bob Raley, week
after next for the results of all the testing he did this week.

Glad you will be over on Tuesday-we will look forward to seeing you then and
glad you will have time for a visit after lunch tool.

Love,

Sue


[IMAGE]
	[IMAGE]	[IMAGE]
	  Dear ,  Here's a special offer for AOL Instant Messenger (AIM
) members only. [IMAGE]   Be one of the first to try All-New AOL 7.0 and get 1000 Hours Free for 45 days! AOL 7.0 is only available online. [IMAGE]   Here are just a few great reasons to try All-New AOL 7.0 for 1000 Hours Free for 45 days:[IMAGE]     Built-in high speed broadband content   Advanced E-mail and Instant Messaging    Local news and information    AOL Radio -- your favorite local radio stations online!    Exclusive AOL members only perks like the opportunity to get Madonna and other hot concert tickets before they go on sale, free Six Flags tickets, sneak peaks at blockbuster movies like Lord of the Rings and Harry Potter [IMAGE]   Plus, you can keep your AIM Screen Name and get E-mail at  @aol.com. [IMAGE]   Try All-New AOL 7.0 now for 1,000 Hours FREE for 45 days -- risk free! There's no credit card required and it's only available online! [IMAGE]  [IMAGE]  Allen Paine New Member Welcome Team   P.S. - There's never been a better time to try AOL. Get All-New AOL 7.0 for 1000 Hours Free for 45 days! [IMAGE]   And, tell your AIM buddies about this special offer -- just forward this special message to them!  	[IMAGE] [IMAGE]  [IMAGE]

 [IMAGE]1000 hour trial must be used within 45 days of initial sign-on. To avoid being charged a monthly fee, simply cancel before trial period ends. Premium services carry surcharges, and communication surcharges may apply in certain areas including AK, even during trial time. Members may incur telephone charges on their phone bill, depending on location and calling plan, even during trial time. Offer is available to new members in the US, age 18 or older, and a major credit card or checking account is required.   Information for AOL Instant Messenger (AIM) registrants: You received this E-mail based on your expressed interest in products and services offered by America Online, Inc. If you do not wish to receive any additional AIM promotions via E-mail, simply click here . You only need to send a blank E-mail to unsubscribe.

[IMAGE]


i heard dc is fun.  i don't care what we do.  we were talking about going to
boone's sat and hang out on his porch and drink before we go out.  i think he
has a patio in his backyard.


Hi, Martin.

We're writing to verify that the email address you listed on
Classmates is still valid. We send this quarterly note to
members in order to ensure that our directory remains up-to-date.
You don't need to reply.

Sincerely,
The Staff at Classmates
http://www.classmates.com/go/e/85040521/QV100/QV1


Chris -

I haven't received a copy of the filing yet but will get it to you as soon as I receive it.  Rates will not be posted until approved which could be by early next week even though the new rates don't go into effect until January 2002.

I sent info. on Wmeco in an earlier e-mail. Any questions, give me a call.

Frank

 -----Original Message-----
From: 	Hendrix, Chris
Sent:	Tuesday, October 16, 2001 4:05 PM
To:	Rishe, Frank
Cc:	Hidalgo, Alex; Steffes, James D.; Taveras, Ignacio
Subject:	NSTAR Std. Offer / Default Rates

In the press releases I saw that NSTAR filed yesterday (10/15) with the DTE to decrease rates.  I have checked both the DTE and NSSTAR website but they are not posted yet.  I would like to get a copy of the NSTAR filing as soon as possible.  Enron Direct is anxious to determine the level of decrease so we can assess our product viability.

In addition, have you heard anything regarding WMECO making a filing to lower their rates.

Thanks,

Chris


-----Original Message-----
From: 	"Gwen Soong" <igsinc@ix.netcom.com>@ENRON [mailto:IMCEANOTES-+22Gwen+20Soong+22+20+3Cigsinc+40ix+2Enetcom+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 19, 2001 8:50 PM
To:	Ward, Kim S.
Cc:	Mark Baldwin; Jim Olson; Chuck Toney
Subject:	DWR Credit

 - Ltr to Enron Re Credit.doc
 - Page 1 of June 15 Ltr.doc
 - Page 2 of June 15 Ltr.doc
 - Page 3 of June 15 Ltr.doc


Jay

Find enclosed a four page note on the interest rate
and foreign exchange hedging process - the underlying
philosophy, methodology, issues and system
requirements. Hopefully this should be helpful to all
involved.

Harry

__________________________________________________
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail!
http://promo.yahoo.com/videomail/
 - Financial Risk White Paper.doc


Stamos,

Glad everyone had a good time at Sweets'.  I hope he had a blast.

In terms of your email reply,
you can have Calpine.  How are they going to make money long term if price
caps are instituted?  This obviously would be the stupidest policy.  In addition
their exposure to the CA crisis must be pretty significant - when and how are they
going to get paid?  I wouldn't want to bank on the energy market in the most
regulated state in the country.  Plus, if the state backs energy purchases, it's
going to get to the point where who wants to own CA credit??  PG&E and Edison
International are doomed, as they should be.  The state of CA is going to go
down the tubes unless they find some good leadership.  Unfortunately, noone
out there seems to have the least clue on how to solve the problem.  The politicians
are a complete joke.  It is incredibly disheartening to witness the absolute stupidity
of the CA politicians in addressing this issue.  They seem to be much more focused
on finger pointing than coming up with a viable solution.  I honestly think they are incable
of solving the problem.

KR


Reply Message:
Reply from JAMES STEFFES  is i don't have it -Jim Steffes to
Jeff.Dasovich@enron.com||sorry to bother you with

Original Message:
Jeff.Dasovich@enron.com||sorry to bother you with this, but could you please
fax me the governor's
response to plan B?  thx, jeff


I have updated the TW on call schedule to include Mark and Paul.  Please let me know if anyone has a conflict.  (I left the holiday weekends as they were.)

Lorraine


Richard, Wayne and Roberts

From: Tracie Waligura@RWR on 08/02/2000 10:39 AM

To:   jeffrey.t.hodge@enron.com
cc:   rsander@enron.com
Subject:  Thomasine Pantazis

Jeff - Per our conversation, attached is the resume of Thomasine Pantazis.

(See attached file: thomasine pantazis resume.doc)

Tracie Waligura
Legal Recruiter
24 Greenway Plaza, Suite  1304
Houston, Texas 77046
Toll:        800-364-7979  Ext. 7254
Direct:    713-358-7254
Fax:        713-623-2740
Email:    twaligura@rwr.com
Internet: http://www.rwr.com

 - thomasine pantazis resume.doc


Enron Methanol nominates the following natural gas requirements for the
Methanol Plant for December 2000:

33,000 mmbtu per day

EGPFC nominates the following natural gas requirements for the MTBE Plant at
Morgan's Point for December 2000:

12,000 mmbtu per day for the first 15 days of the month.  None for the last
half of the month.  MTBE plant will be down after December 15.


Rogers --

FERC has already filed a policy statement providing for cost recovery of "security" upgrades assuming they are reasonable.  I know that the Bush Admin will now have the response as its top priority.  I think that it will take a couple of weeks before we really understand the implications for further energy reform.  FERC postponed announcing its Work Plan this week but my guess is that Chairman Wood will continue down his course.

Retail competition in different states was already under fire from the California situation.  Not sure if this week's events will have any major changes.

Thanks.

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Thursday, September 13, 2001 10:43 AM
To:	Walsh, Kristin; Steffes, James D.
Cc:	Presto, Kevin M.
Subject:	State and Federal Energy Efforts - Implications

Several articles in todays publications discuss possible implications to federal and state initiatives.  Bill Wicker, spokesman for Senate Energy Committee mentioned that it was too early to determine how energy policy might be affected.  INGAA's Halvorsen  hinted at a probable  policy shift - more focus on energy security for the time being.  Any information or insights would be helpful.  I was already feeling as though ERCOT implementation would be delayed given the disastrous pilot performance and am now even more convinced.  Arkansas just recommended a complete shelving of their deregulation initiatives.  These types of issues will have a significant impact on our current book of business as well as future decisions.

Thanks,
Rogers