Most of you are aware that Unify experienced some major performance issues as
we tried to close out the month of July.  Not to go into any details but
there seemed to be a lot of smaller issues which when combined caused the
issues we saw on Monday and to a lesser degree on Tuesday.  Almost all of the
issues relate to the quirkiness of the current version of Sybase which is
used for Unify's database.  Jeff Johnson and his team are putting together a
plan that will address most of these issues and hopefully result in
acceptable performance as we go through next bidweek and try to close for
August.  The short term tactical plans include the following:

Enhancing certain programs which seem to have become resource hogs as the
amount of data grows.
Test and hopefully migrate to the latest version of Sybase which will address
some of the issues.  This may also require some hardware changes as to where
we store certain data.  We will also need some user help in stress testing
prior to moving to production.
Addressing with the users billing transactions that have never been finaled.
I have been told that we still have transactions going back to Jan of 99 that
have not been finaled or closed out.  This puts quite a load on the PMA and
accrual process since it has to go back to those open transactions to see
what if any action should be taken with these transactions.

Once these changes have been implemented and hopefully bought us a little
time to absorb the tremendous growth we've been seeing via EOL  then we will
focus on delivering more intermediate and longer term solutions.  These
include the following:

Rewriting most of the code and moving to a 3 tier environment which will be
much more scalable.
Moving off of Sybase and on to Microsoft SQL Server or Oracle.  It will be
easier to move Microsoft SQL Server but we have to be sure it is the right
solution in the long term.

Jeff will be following up with some of you to go over a much more detailed
plan.  Needless to say that this is his groups highest priority and his best
people are working on these efforts.  This will slow down major enhancement
efforts such as enhancing the gas applications to handle hourly trades and
nominations.  We will keep you informed as we start to roll out the tactical
solutions.  In the mean time feel free to contact me at x-36858 or Jeff at
x-39694 if you have any questions or require additional detail.  Thanks!  -
Tommy


I have recently come on board as Treasurer ,Enron India . Prior to joining ,
I was with Reliance Industries , a petrochemical conglomerate in India.
   The  Central banking authorities are now thinking of permitting
corporates  to hedge their oil and other related risks. I believe the
literature published
 by Risk in collaboration with Enron has come to be considered as an
industry standard. Would it be possible to arrange for two copies to be sent
across to us .

Thanx N Regards

G.Subramaniam
Treasurer,
Enron India Pvt. Ltd.
36 ,Maker Chambers VI,
Nariman Point,
Mumbai 400 021


Avoid the crunch on election day by voting early!

ENRON is providing employees with
complimentary shuttle service
 from the Enron Building to the downtown early voting site!!

Thursday, November 2
and
Friday, November 3
1319 Texas Avenue @ Austin Street
7:00 am until 7:00 pm
(transportation by Beal's - pick-up on the West end of Andrews Street)

In order to vote early at this site,
you must be registered in Harris County
and present your drivers license for ID verification
(your voter registration card is not necessary)

Please take advantage of this opportunity and VOTE!!

For election-related questions, please reference this website:
www.co.harris.tx.us/cclerk/elect.htm


----- Forwarded by Sara Shackleton/HOU/ECT on 09/19/2000 03:28 PM -----

	"Jeff Seely" <JeffSeely_009035@netstock.customer-email.com>
	09/18/2000 09:54 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Special Offer: Switch to ShareBuilder and Get $50!

Dear Sara,

During the past year, you've used NetstockDirect.com as a way to research or
enroll in a direct stock plan.  You know how easy it is to get started with
an automatic investing plan, and why long-term, steady investing is a good
strategy for building wealth.  You've probably also heard of our new
ShareBuilder program by now.  We think it is a better, cheaper and faster
method of investing than direct stock plans, and we want to give you $50 to
prove it.  Just go to www.sharebuilder.com/promo/50/en091300.htm, open an
account and make your initial investment.  After your first transaction, we
will deposit $50 into your ShareBuilder account.

SHAREBUILDER.COM - FASTER, CHEAPER AND BETTER THAN DRIPs & DSPs
ShareBuilder has great features that will let you quickly create a
personalized plan of investing.  It provides much greater flexibility and is
easier to use than a traditional direct stock program:

? NO ACCOUNT FEES - No entry or account setup fees to get started.
? NO MINIMUMS - start with any dollar amount and invest any amount.
? LOW COST - $2 recurring transaction charges, $1 for children's custodial
accounts.
? GREAT SELECTION - buy any major stock on the NYSE or NASDAQ.  (Choose from
over 3,000 companies or 68 index stocks - not just those with direct stock
plans!).
? SIMPLE STATEMENTS - a single page shows all your stocks at once.
? NO PAPERWORK - all transaction records are available online.

WE'D LIKE TO GIVE YOU A $50 BONUS TO PROVE OUR POINT
If you are currently investing using a direct stock plan, we will pay you $50
if you open an account and start investing with ShareBuilder.  To take
advantage of this limited-time offer, simply go to
www.sharebuilder.com/promo/50/en091300.htm, open an account and start a
ShareBuilder investing plan.  After your first transaction occurs, we'll
automatically deposit $50 in your account to help you get started.  But
please note that this offer expires October 31, 2000.

If you currently have shares in a direct stock plan, you can easily transfer
them to your ShareBuilder account.  It will be easier to track your
positions, make changes to your investing plan, keep track of your investment
records and, if you need, sell your shares instantly during market hours.  No
DRIP Or DSP even comes close on service, yet many charge more.

YOU CAN STILL COUNT ON NETSTOCK'S RELIABLE CUSTOMER CARE
I'm sure you will find ShareBuilder to be a much easier way to invest - open
an account today and let us prove it to you!  If you have any questions about
how to open your ShareBuilder account or how to set up your ShareBuilder
Plan, please contact our customer care professionals via email at
mailto:customercare@netstock.com or call us toll-free at 1-888-NET-STOK
between the hours of 6 AM and 6 PM Pacific Time, Monday through Friday.

Sincerely,

Jeff Seely
President and CEO
Netstock Corporation

P.S. You are receiving this email because you have a Netstock Direct Account.
You may unsubscribe, update or change your e-mail preferences, by visiting
the "Account" section of www.netstockdirect.com.

ShareBuilder(tm) is brought to you by Netstock Investment Corporation, a
registered broker-dealer, member of the NASD and SIPC and a subsidiary of
Netstock Direct Corporation. Copyright 1999-2000 Netstock Investment
Corporation. ShareBuilder is a trademark of Netstock Direct Corporation.
Patent Pending.

 This email was sent to:  sshackl@ect.enron.com


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

November 10, 2000 5:00pm through November 13, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER:
Impact:  EDI
Time:  Sat 11/11/2000 at  11:00:00 PM CT thru Sun 11/12/2000 at  1:00:00 AM CT
 Sat 11/11/2000 at    9:00:00 PM PT thru Sat 11/11/2000 at 11:00:00 PM PT
 Sun 11/12/2000 at   5:00:00AM London thru Sun 11/12/2000 at 7:00:00 AM London
Outage:  EDI HUB DISK VOLUME INCREASE
Environments Impacted:  Corporate
Purpose: Continued EDI volume increases require the addition of more disk
space for EDI operations.
Backout: Utilize current configuration w/o new HACMP configuration
Contact(s):  Jack Metkus
  Jim Nelson  3-7799  713-327-2007
  Karen O'Grady  5-7149  713-327-4805
  Jack Metkus  3-0362  713-288-0743
EI:
Impact:  EI
Time:  Sat 11/11/2000 at  8:00:00 PM CT thru Sat 11/11/2000 at  10:00:00 PM CT
 Sat 11/11/2000 at  6:00:00 PM PT  thru Sat 11/11/2000 at   8:00:00 PM PT
 Sun 11/12/2000 at  2:00:00 AM London thru Sun 11/12/2000 at  4:00:00 AM
London
Outage:  EI Load Balancing
Environments Impacted:  El
Purpose: to stabilize the EI environment
Backout: back to 5000's
Contact(s):  Steve Hardy  713-853-9294  713-415-0672

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  ENE Internet
Time:  Sat 11/11/2000 at  11:00:00 PM CT thru Sun 11/12/2000 at  12:00:00 AM
CT
 Sat 11/11/2000 at    9:00:00 PM PT thru Sat 11/11/2000 at  10:00:00 PM PT
 Sun 11/12/2000 at   5:00:00 AM London thru Sun 11/12/2000 at   6:00:00 AM
London
Outage:  reboot ene net devices
Environments Impacted:  Internet
Purpose: regular reboot to prevent such problems as memory corruption
Backout:
Contact(s):  Bryan Aubuchon 713-345-8446

LOTUS NOTES: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  CSC
Time:  Fri 11/10/2000 at  5:00:00 PM CT thru Fri 11/10/2000 at  6:00:00 PM CT
 Fri 11/10/2000 at  3:00:00 PM PT thru Fri 11/10/2000 at  4:00:00 PM PT
 Fri 11/10/2000 at  11:00:00 PM London thru Sat 11/11/2000 at  12:00:00 AM
London
Outage:  Initial "hardening" of cscfw1
Environments Impacted:  CSC
Purpose: To maintain a secure and efficient configuration
Backout: Apply old configuration
Contact(s):  Jon Werner  713-853-6742

Impact:  TDS
Time:  Sat 11/11/2000 at  12:30:00 PM CT thru Sat 11/11/2000 at  5:30:00 PM CT
 Sat 11/11/2000 at  10:30:00 AM PT thru Sat 11/11/2000 at  3:30:00 PM PT
 Sat 11/11/2000 at    6:30:00 PM London thru Sat 11/11/2000 at  11:30:00 PM
London
Outage:  TDSPROD Upgrade from 7.3.4 to 8i
Environments Impacted:  OASIS, Cooper, PDS
Purpose: In order to utilize new features available in Oracle 8i.
Backout: If the upgrade fails, then a full databse refresh from the most
recent backup will be performed.
Contact(s):  Neil Leininger  713-345-3518

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:
Impact:  EIS
Time:  Fri 11/10/2000 at  11:00:00 PM CT thru Sat 11/11/2000 at  1:00:00 AM CT
 Fri 11/10/2000 at    9:00:00 PM PT thru  Fri 11/11/2000 at  11:00:00 PM PT
 Sat 11/11/2000 at  5:00:00 AM London thru Sat 11/11/2000 at  7:00 AM London
Outage:  Scheduled CMS & Conversant Attended Backup and Intuity Audix reboot.
Environments Impacted:
Purpose: Monthly maintenance
Backout: rebooting system only, no back out  plan.
Contact(s):  Epimenio Rojas  713-345-8372

Impact:  EIS
Time:  Fri 11/10/2000 at  11:00:00 PM CT thru Sat 11/11/2000 at  1:30:00 AM CT
 Fri 11/10/2000 at    9:00:00 PM PT thru Fri 11/10/2000 at  11:30:00 PM PT
 Sat 11/11/2000 at    5:00:00 AM London thru Sat 11/11/2000 at  7:30:00 AM
London
Outage:  Quarterly Maintenance - Telephone Ancillary Equipment
Environments Impacted:  All
Purpose: Quarterly Maintenance
Backout: none
Contact(s):  Cynthia Siniard  713-853-0558

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

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

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
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]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


Molly,

Thanks. I has a very good time visiting my son
in California.

Vince

	Enron North America Corp.

	From:  Molly Magee                           11/27/2000 01:43 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: F/U to Dr. Kaminski @ Enron from Iris Mack

Happy to do so, Vince.   Hope your holidays were wonderful!

Molly

Vince J Kaminski
11/27/2000 01:39 PM
To: Molly Magee/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Re: F/U to Dr. Kaminski @ Enron from Iris Mack

Molly,

I would like to invite Iris for an interview. You can contact her at the
addresses she listed below
or at her E-mail address.

The following persons will participate at the interview:

Stinson Gibner
Zimin Lu
Tanya Tamarchenko
Vasant Shanbhogue
myself

Stinson and I will take her out to lunch.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/27/2000
01:35 PM ---------------------------

"iris mack" <irismmack@hotmail.com> on 11/21/2000 04:12:43 PM
To: irismmack@hotmail.com, Vince.J.Kaminski@enron.com
cc:
Subject: Re: F/U to Dr. Kaminski @ Enron from Iris Mack

Hi again,

I am visiting several family members and friends over the next few days.
Therefore it will be hard to contact me.

However, next week I will be easier to reach.  My contact details in NYC are
as follows. I will be staying at the following hotels:

Washington Square Hotel
from November 28th for 3 nights (Tue, Wed and Thur)
212.777.9515

Marriott NYC Financial
December 1st for 1 night (Fri)
212.385.4900

At any rate, I will still try to reach you on tomorrow morning.  If all
fails, we will try to reach each other next week.

Happy Thanksgiving,
Iris

>From: "iris mack" <irismmack@hotmail.com>
>To: Vince.J.Kaminski@enron.com
>Subject: Re: F/U to Dr. Kaminski @ Enron from Iris Mack
>Date: Tue, 21 Nov 2000 22:07:09
>
>Hi,
>
>How are you?  Seems like we have had a bit of difficulty contacting each
>other.  Sorry I missed your call.  I am now in NYC - until December 2nd.
>
>I will try to call you on tomorrow morning about 8 am Houston time.
>
>Take care,
>Iris
>
>
>
>
>>From: Vince.J.Kaminski@enron.com
>>To: irismmack@hotmail.com
>>CC: Vince.J.Kaminski@enron.com
>>Subject: Hello
>>Date: Tue, 21 Nov 2000 15:14:31 -0600
>>
>>Iris,
>>
>>We are trying to reach you but we are getting error messages.
>>Please, call me 713 853 3848.
>>
>>Vince
>>
>>
>

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


Revised  Article 4.6

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


I am going to be the Senior Regulatory Counsel at ISO New England starting on
April 9, 2001.   My last day in the Portland area will be March 31, 2001.  I
enjoyed working with you and wish you the best of everything.  My new address
will be:

Mary Hain
Senior Regulatory Counsel
ISO New England Inc.
One Sullivan Road
Holyoke, MA  01040-2841
(413) 535-4000
mhain@ISO-NE.com


FYI - another system issue.  I have asked Chris Schomer to let me know who is
responsible for monitoring this or if it is a control we need to put in
place.  Operationally - we will be able to meet close deadlines; the gas
accrual will be done one day later than planned and I am checking into the
financial accural.
I will keep you posted.  If you have any questions, please let me know.

Thanks,
Leslie
---------------------- Forwarded by Leslie Reeves/HOU/ECT on 01/02/2001 09:12
AM ---------------------------

Chris Schomer@ENRON
01/01/2001 12:40 PM
To: Bryce Baxter/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Melissa K Ratnala/HOU/ECT@ECT
cc: Leslie Reeves/HOU/ECT@ECT, Jeff Johnson/Corp/Enron@Enron, Brian
Ripley/NA/Enron@ENRON, Russ Whitton/HOU/ECT@ECT, Steve Neal/HOU/ECT@ECT,
Brian Ripley/NA/Enron@ENRON, Richard Pinion/HOU/ECT@ECT, Donna
Greif/HOU/ECT@ECT
Subject: Phoenix Rate Server Problems

All,

It appears that the Phoenix Rate Server was down for the time period in
question.  Apparently some new Unix folks decided to clean up some files on
the Phoenix box and deleted some Phoenix system files.  Phoenix only has 1
support person and he is out on vacation.  Someone from the Sitara production
support team was able to restart the system today and the extract was rerun.
We are currently re-running the mass draft to pick up the new rates.  We
should be good to go for Tuesday 6:00 am.

Chris
---------------------- Forwarded by Chris Schomer/Corp/Enron on 01/01/2001
10:51 AM ---------------------------

Chris Schomer
12/31/2000 08:54 PM
To: Bryce Baxter/HOU/ECT@ECT, Kristen J Hanson/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Melissa K Ratnala/HOU/ECT@ECT
cc: Leslie Reeves/HOU/ECT@ECT, Jeff Johnson/Corp/Enron@Enron, Brian
Ripley/NA/Enron@ENRON, Russ Whitton/HOU/ECT@ECT, Steve Neal/HOU/ECT@ECT,
Brian Ripley/NA/Enron@ENRON, Richard Pinion/HOU/ECT@ECT, Donna
Greif/HOU/ECT@ECT

Subject: Phoenix Rate Server Problems

All,

It appears that we have not been picking up rates from Phoenix since December
24th (the job was finishing, just not picking up any rates).  At first glance
the problem may be related to our losing access to the Phoenix server.  We
plan on the following action:

1) Run the mass drafts as planned tonight.
2) Determine and fix the cause of the problem with the rate server load on
Monday, January 1st.  The rate server load process will then be rerun for the
missing time periods.
3) Rerun the current month mass drafts for all gas entities on Monday,
January 1st.  Prior months should not be affected.
4) Put better detective controls in place to make sure any problems in the
future get identified as they occur.

Chris


Please provide me comments/additions.


A heads up for you gas folks that Enron will be on ComEd's side against Dynegy on this power issue at
FERC, since EES designates Firm LD contracts as sources on ComEd's network transmission system (Dynegy wants ComEd to only allow "capacity" contracts to be used).  We plan to file the Enron response on Friday.

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Wednesday, October 24, 2001 8:58 AM
To:	Lindberg, Susan; Herndon, Rogers; Misra, Narsimha; Sharfman, Guy; Sager, Elizabeth; Murphy, Harlan; Steffes, James D.; Migden, Janine; Forster, David; Baughman Jr., Don; Stroup, Kerry; Roan, Michael; Kingerski, Harry; Shapiro, Richard; Novosel, Sarah; Fulton, Donna; Presto, Kevin M.; Sturm, Fletcher J.
Subject:	Dynegy v. ComEd update

Susan and I will circulate a draft response against Dynegy's position later today.  ComEd plans to file a lengthy answer disputing Dynegy stating that there are no transmission problems due to the use of the firm LD resources and that FERC precedent does not support a capacity payment requirement.

Enron will respond similarly and include an argument that Dynegy is actually trying to create an "icap/capacity" requirement where there is none (Dynegy's pleading states "ComEd's failure to enforce the network designation provisions of its OATT also deprives Dynegy of capacity payments to which it is entitled.)  We will also include statements that the continuation of the network v. PTP transmission tariffs perpetuates these types of issues and the market/tariff design that we advocate should be approved to stop these problems.

 -----Original Message-----
From: 	Lindberg, Susan
Sent:	Saturday, October 20, 2001 5:20 PM
To:	Nicolay, Christi L.; Herndon, Rogers; Misra, Narsimha; Sharfman, Guy; Sager, Elizabeth; Murphy, Harlan; Steffes, James D.; Migden, Janine; Forster, David; Baughman Jr., Don; Stroup, Kerry; Roan, Michael; Kingerski, Harry
Subject:	Dynegy vs. ComEd (EL02-6) -- further info

As I mentioned in my previous e-mail, on October 17 Dynegy filed a complaint against ComEd.  This proceeding may be of particular interest to Enron given EES's plans to offer physical delivery in Illinois in early 2002.  I've outlined Dynegy's principal arguments below.  Dynegy requested fast-track processing, so any intervention and comments we file are due Friday, Oct. 26.  In order to file a timely intervention (and meaningful comments, if we decide to comment), I need to know your thoughts on this as soon as possible.  Elizabeth and Harlan, I'm copying you because I would especially like to know what you think of Dynegy's characterization of the Firm LD product.

Main argument:
Dynegy challenges ComEd's published Business Practice that allows "marketer firm" (Firm LD) contracts to be designated as Network Resources.  Dynegy argues that this practice conflicts with the OATT provisions that 1) Network Resources are generation "owned, purchased or leased by the Network Customer designated to serve Network Load," and 2) a Network Customer "must demonstrate that it owns or has committed to purchase generation pursuant to an executed contract" in order to designate a Network Resource.

Dynegy's theory on why Firm LD should not be a Network Resource:

	- permits designation of network resources that are committed for sale to others, creating reliability problems
	- Firm LD under the EEI contract is not capacity-backed, nor is it a commitment to purchase generation
	- allows transmission customers to get the advantage of generation capacity without actually paying the cost of that capacity
	- since retail providers are allowed to rely on "over-the-counter" firm instead of securing long-term contracts, adequate reserves are not being carried to serve retail load

Dynegy claims that ComEd's practice has deprived DMG of payments for capacity and the ability to earn revenues for capacity properly designated as network resources.  It cites specific instances in which ComEd has accepted transmission reservation requests from New Energy and Cilco in which these parties designated Illinois Power as a network resource, when only a Firm LD contracts were in place with IP.

Susan Lindberg
713.853.0596


Michelle -- I am glad they finally fixed your name!

You need to go under "Actions", Calendar Tools", "Calendar Profile" and under
mail file owner go out to the address book and reselect your name.

Page me if you have any questions.    Thanks, Jean 1-800-906-8093

---------------------- Forwarded by Jean McFarland/Corp/Enron on 06/22/2000
08:13 PM ---------------------------

Mark Kostinec
06/22/2000 04:37 PM
To: Jean McFarland/Corp/Enron@ENRON
cc:

Subject: Michelle Lokay Name Problem

The notes team has corrected her name from Michele to Michelle.  But as you
can see in her letter head it still come up as Michele.
How do we change that.  I've reset up her notes from scratch to see if that
corrected the problem.
For the long run - should we just get corrected ID file from the Notes Team?


Will do!  I KNOW it's not a vacation day my dear!  Jacoby has called me I
don't know how many times asking for your numbers.  I need a drink!  It's
been one busy day for me too!

	Kay Mann@ENRON
	06/07/2001 02:33 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: David Marshall

Could you PLEASE PLEASE call David Marshall and get his email?  I'm on
endless conference calls and need to contact him about a matter.

Thanks,

Kay

PS, not a vacation day


Hello Kate, FYI, the phone number that you have on the fax sheet
(609-520-4452) is Jennifer's phone number.  My phone number is 609-520-4683
 Have a good weekend.
 Eric

-----Original Message-----
From: Kate.Symes@enron.com [mailto:Kate.Symes@enron.com]
Sent: Friday, March 30, 2001 12:54 PM
To: djenergy
Subject: DJ Index 3/31-3/31

(See attached file: DJ Index 3-30.xls)(See attached file: DJ Index
3-31.xls)


The taxing agency does not have contract numbers etc. The taxpayer is
required to file a tax rendition (return) with the taxing authority annually
by April 1st.  From the information provided on the rendition, the taxing
agency will generate a taxable value.  In the case of tax year 2000, the
taxing jurisdiction probably set an arbitrary value based on prior year's
values.  The value for tax year 2000 could be higher or lower but at this
time it is too late to protest.


Elena,

Yesterday's list of in the money CP's did not change.  We will forward a list of out of the money CP's shortly.  We will also send IT the list so that they can begin moving them to another book.  There are appox 140 CP's so the move will take some time.

DG


Dear Stacey and Kristin-

We can discuss more later about the attached document when we meet this morning, but thought this could help faciliate your doorstep review of UK and Continental Power.  Thanks,

Christy

 -----Original Message-----
From: 	Manickam, Chris
Sent:	Wednesday, October 24, 2001 7:25 AM
To:	Lobusch, Christy
Cc:	Wilson, Shona; Bromley, Paul
Subject:	Power Trading CSA

Hi Christy,

Attached is the most recent version of the Power Trading CSA.

This is pretty much the definitive version, and contains the key controls.  However it is in the process of being "Andersenised" to reflect their methodology - when this has been completed (31st October) I will forward a copy for your records.

Regards
Christabel
Christabel Manickam
Enron Assurance Services
Tel: 0207 783 6246


yeah baby.  i was there two weeks ago and there were hotties everywhere.  i
am going to come home in the early part of july and we will figure out the
final details.


March 2002		Scheduled

Friday 01
West			   (882)
San Juan	                887
East			   (533)
Total deliveries                (1866)

Saturday 02
West			   (801)
San Juan		    858
East			   (653)
Total deliveries                (1911)

Sunday 03
West			   (804)
San Juan		    874
East			   (628)
Total deliveries                (1871)

Monday 04
West			   (794)
San Juan		    855
East			   (533)
Total deliveries                (1866)

Notes:  Operational quite weekend.
            Utilized line pack and make up gas to accommodate approximately 170,000 mmbtu/d in rides @ .08.
            Customer will start paying back their rides this week.


Gents,

I made the following changes to this model:
I adjusted all the NPV functions to be as of 12/31/2000.
I incorporated the seasonal availabilities and capacities into revenue
calculations.  Previous to this revision, all monthly merchant revenue was
calculated using the Winter availability and Summer capacity.  All monthly
PPA revenues were calculated using annual average availability and Summer
capacity.
I cleaned up the update macro and added a nifty status bar progress indicator
while the thing's running.

Let me know if you have any other revisions or corrections.

Jon


I found this picture of my boat on the internet!


Thanks so much for your prompt and helpful response.

From: Tana Jones on 17/10/2000 11:08 CDT
To: Anne Edgley/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Below is an icon that will get you view access to the financial agreement
database.  This lists all the financial agreements we either have executed or
have drafts out to the counterparty (except Australia, which we are currently
loading into the database).   This database is available with view access to
any Enron employee.  If you have any questions about a specific entry, please
do not hesitate to call me (or email me!).

Link -->

	Anne Edgley
	10/17/2000 10:15 AM

		 To: Justin Boyd/LON/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Markus Fiala/LON/ECT@ECT
		 Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Thanks Justin. As a follow-uo, Credit.com are now asking whether they can
have a list of all counterparties with whom with executed ISDAs. I presume
that is a long list but hopefully easily available. Thanks again for your
help.

Justin Boyd
17/10/2000 15:16
To: Anne Edgley/LON/ECT@ECT
cc:

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Anne

FYI

J
---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 15:18
---------------------------
From: Tana Jones on 17/10/2000 09:11 CDT
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

No, no ISDA's or other master agreements in place with this counterparty.

	Justin Boyd
	10/17/2000 05:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ISDA Agreements - Hypovereins/Bank Austria

Hi Tana!

Could you assist on this?

Many thanks

Justinian

---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 11:06
---------------------------

Anne Edgley
17/10/2000 11:00
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: ISDA Agreements - Hypovereins/Bank Austria

I have been asked by Credit.com whether there are ISDA agreements in place
with the above mentioned banks (who are about to merge). I suspect the answer
is No but please can we find out.
Thanks.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 07/12/2000
02:18 PM ---------------------------

	From:  Jana Giovannini                           07/11/2000 02:58 PM

To: Phillip K Allen/HOU/ECT@ECT
cc: Celeste Roberts/HOU/ECT@ECT
Subject: assoc. for west desk

Sorry, I didn't attach the form.  There is one for Associates and one for
Analyst.

---------------------- Forwarded by Jana Giovannini/HOU/ECT on 07/11/2000
04:57 PM ---------------------------

	From:  Jana Giovannini                           07/11/2000 04:57 PM

To: Phillip K Allen/HOU/ECT@ECT
cc: Celeste Roberts/HOU/ECT@ECT
Subject: assoc. for west desk

Hey Phillip,
I received your note from Celeste.  I am the ENA Staffing Coordinator and
need for you to fill out the attached Needs Assessment form before I can send
you any resumes.  Also, would you be interested in the new class?  Analysts
start with the business units on Aug. 3rd and Assoc. start on Aug. 28th.  We
are starting to place the Associates and would like to see if you are
interested.  Please let me know.

Once I receive the Needs Assessment back (and you let me know if you can wait
a month,) I will be happy to pull a couple of resumes for your review.  If
you have any questions, please let me know.  Thanks.
---------------------- Forwarded by Jana Giovannini/HOU/ECT on 07/11/2000
04:50 PM ---------------------------

	From:  Dolores Muzzy                           07/11/2000 04:17 PM

To: Jana Giovannini/HOU/ECT@ECT
cc:
Subject: assoc. for west desk

I believe Phillip Allen is from ENA.

Dolores
---------------------- Forwarded by Dolores Muzzy/HOU/ECT on 07/11/2000 04:17
PM ---------------------------

	From:  Phillip K Allen                           07/11/2000 12:54 PM

To: Celeste Roberts/HOU/ECT@ECT
cc:
Subject: assoc. for west desk

Celeste,

 I need two assoc./analyst for the west gas trading desk.  Can you help?
 I also left you a voice mail.

Phillip
x37041


Hi Shielah,

I agree with changing the deal to reflect a Chicago Gas Daily-Daily Flat for
the December 22-26 time period.  Please ask Julie to change the ticket, I
always get confused.  Thanks


2 options:
Either we leave from work and you watch me get a haircut for 20 minutes or...
I pick you up around 6:30...


---------------------- Forwarded by Chris Germany/HOU/ECT on 05/12/2000 01:16
PM ---------------------------

	From:  Colleen Sullivan                           05/11/2000 11:04 AM

To: Chris Germany/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT
cc: Scott Neal/HOU/ECT@ECT
Subject: CES Retail capacity

Per our discussion on Monday, we need to give CES-Retail a bid for the two
TCO transportation contracts that were dedicated to c&i customers that they
will no longer need once they sell their c&i business effective 6/1/00.  As
you recall, one contract is to COH for 20,000/d through 10/31/00 (#65402);
the other is to BG&E  for 19,000/d through 4/01(#65403).  This is the
information that Jeff Porter and Charlie gave to me--you need to confirm that
this information is accurate.

I am going to call Charlie back tomorrow morning (Friday, 5/12) and suggest
that he talk to one of you two directly for a bid on the agreements.  I think
this will be more efficient (and put the pressure on you to price it
up!!).    If there is any problem with this, please let me know.


got a call last night from Carbide - they rescinded the change from 14,000/d
rate to 6,000/d rate for safety net gas that was due 9am this morning.

So here's where we should be now with Carbide:

Seadrift - no saftey net, just the 10,000/d baseload deal

Texas City - 10,000/d of the term deal, plus 14,000/d of safety net, total
24,000/d

call with questions

Lee
3.5923


The trade confirmation for your order(s) is now available online at
etrade.com(sm).
Use the URL(s) below to view (customer log on required).

The information contained in this confirmation shall be binding upon you if
you do not object,
either in writing or via electronic mail, within two (2) days after the
confirmation is first received by you.

Document ID: 20010421023807880870128208
https://trading.etrade.com/cgi-bin/gx.cgi/applogic+accttaxbridge?page=CONFIRM&
cmd=display&doctype=cnf&document_id=20010421023807880870128208


FYI
----- Forwarded by Bernadette Hawkins/Corp/Enron on 03/13/2001 06:30 PM -----

	"Jackie Gallagher" <JGallagher@epsa.org>
	03/13/2001 05:48 PM

		 To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<donna.fulton@enron.com>, <james.steffes@enron.com>,
<janelle.scheuer@enron.com>, <jeff_brown@enron.com>, <jhartso@enron.com>,
<Mary.Hain@enron.com>, <rshapiro@enron.com>, <sarah.novosel@enron.com>,
<tom.hoatson@enron.com>
		 cc:
		 Subject: Summary of FERC Recommendation on California Market Monitoring &
EPSA Comment Outline

MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketing Working Group Chair
            Julie Simon, Vice President of Policy
            Erin Perrigo, Senior Manager of Policy

DATE: 03/13/01

RE: Summary of the FERC Staff Recommendation on California
      Market Monitoring and Mitigation and EPSA Comment
      Outline

Pursuant to its December 15, 2000 Order (EL00-95-000) (December Order), FERC
released its Staff Recommendation on Prospective Market Monitoring and
Mitigation for the California Wholesale Electric Power Market (Report),
issued March 9th, addressing mitigation of price volatility in the California
markets.  Comments on the Report are due on Thursday, March 22nd.  The
following is a summary of the Report, along with an outline of possible EPSA
comments.  We will discuss the report and EPSA's comments further on our
weekly Power Marketers conference call.  To access the call, dial
1-800-937-6563 and ask for the Julie Simon/EPSA call.  If you have any
questions, please feel free to contact Erin Perrigo at 202-628-8200 or
eperrigo@epsa.org.

Report Summary

Stressing that the proposal is designed to apply only to approximately five
percent of the market that remains in real-time and not to the bilateral and
forward markets, the Report immediately notes that "ultimately the real
solution to California's problems lies in increased investments in
infrastructure."

The Report recommends that the California ISO conduct a real-time auction
with associated measures to mitigate the impact of physical and economic
withholding and significant exercises of market power during periods of
scarcity:

(1) Coordinating and Controlling Outages -  The ISO should coordinate and
approve all planned outages by units that have a Participating Generator
Agreement (PGA) with the ISO.  Coordination and outage control procedures
should then be coupled with reporting requirements to FERC and dispute review
should be expedited.  Similarly, the ISO should closely monitor unplanned
outages and report questionable outages to FERC for further investigation.

(2) Selling Obligations - All capacity that is available and not scheduled to
run under sellers with PGAs should be offered in the real-time market  - this
obligation would not be imposed on bilateral markets of the ISO day-ahead
markets.  PGA generators would have to submit to FERC a dependable capacity
for each unit in addition to other operating parameters necessary to
calculate marginal costs, such as heat rate.  FERC Staff would then use this
data, in combination with published fuel costs and emission credit data to
determine a price that the ISO would use pre-determined to mitigate prices
during times of reserve deficiency.  Load Serving Entities should also be
required to name their curtailment price and to identify which loads will be
curtailed.

(3) Price Mitigation - When called upon to provide the available and
unscheduled capacity as mentioned above, PGA unit prices would be mitigated
in hours when there is a reserve deficiency, or Stage 3 emergencies (the
Report notes that it is "these hours which are extremely conducive to the
exercise of market power by suppliers") and will be obligated to sell
capacity in real-time at the marginal cost of the highest-priced PGA until
called upon to run.

(4) Real-time Price Mitigation for Each Generating Unit - all generating
units should have a standing, confidential price based on its marginal
costs.  This price will be used by the ISO to establish the real-time market
clearing price when mitigation is appropriate.  Staff believes that a single
market clearing price auction design is appropriate, thus reversing the
recommendation to use an as bid design in the December Order.

(5) Market Clearing Price - All real-time energy offers should be paid the
applicable market clearing price.

(6) Conditions for Invoking Mitigation - Mitigation measures should only be
applied to critical operating periods, such as emergencies.

As noted in the Report, Staff recognizes that there are potential
difficulties in implementing the proposal, and that "there are no easy
answers to the current problems in the California market."  Among the
purported difficulties, Staff notes implementation problems with bidding
obligations on imported power, incentive effects on load scheduling,
treatment of purchased power, mitigating prices during emergencies, and
setting a price component for scarcity.

Suggested EPSA Comments

EPSA has a number of concerns with the proposal, however there are a few
things we commend.  Namely:  (1) the Staff's timely turnaround of the report,
as directed in the December Order; (2) their admission that the overarching
problem cannot be solved by these shorter-term mitigation measures, only by
increased investments in infrastructure; and (3) recommendation of the single
price auction in the real-time market, noting that it should be used for only
approximately five percent of the market.  Also, to stress the importance of
regulatory certainty, the Report recommends a date-certain "sunset" for the
mitigation approach of no more than one year.

Areas of concern include:

(1) It is not acceptable to use a cost-based model to explain what happens to
prices in a shortage period.  The oil shortages of the 1970s are a good
illustration - a nine percent cut in free world oil supplies led to the first
quadrupling of oil prices from about $3 to $12 per barrel.  Similarly, prices
rose to $42 in 1980 with an eight percent reduction in free world oil supply.

(2) Staff's proposal for calculation of the market clearing price does not
create a market clearing price in scarcity situations, and does not take into
account the customer's value of the commodity.  To the extent seller's costs
are used, full costs are not included Staff's recommendation.  As outlined in
EPSA's recently filed white paper on market monitoring, full costs should
include opportunity costs, scarcity value, capacity value, and risk.

(3) The Report fails to link high prices to any anti-competitive behavior,
yet still alleges such behavior throughout the Report.

(4) EPSA opposes the forced bidding into the real-time market as
recommended.  This prescription precludes and preempts competitive business
decisions and retards the healthy development of the market.

(5) The Report's method for calculating the market clearing price is not
illustrative of a true market and may create an artificial market clearing
price.  The method proposed in FERC's refund order of March 9th may be
preferable to the method proposed in this Report.  Staff's method only
includes participating generators and does not include imports, and
out-of-market purchases.  EPSA prefers a method that is more inclusive of
details and characteristics of a true market.


- 3A15317F.exe


John,

Can you send me the directions to your building?
You can cc my home E-mail address vkaminski@aol.com.

Thanks


If you want to talk about the KY issues, probably best to get with Janine Migden.

Jim

 -----Original Message-----
From: 	Hennemeyer, Paul
Sent:	Thursday, August 09, 2001 4:46 PM
To:	Briggs, Tom
Cc:	Steffes, James D.; Radmacher, Andreas; Nersesian, Carin; Thompson, John (London); Shapiro, Richard
Subject:	Eon in the US; NExt Steps

Tom:

Just to recap what we discussed to make sure I understand.

Next Steps

1. You have asked counsel from Akin, Gump to analyse the possible options we may have to intervene at a the federal regulatory level in the Eon take-overs. Possible avenues are the FERC and the SEC. I understand that you and she will also carefully examine any options we mave via the USTR - which may prove to be our strongest hand. She will provide you with an assessment of the various options and risks to these options in the course of the next week or so. As you know, Andreas and I have spoken to Steffes, Shapiro, and Frevert - all of whom were supportive of this idea and so no marked risk to our relationship with Eon or possible

2. Akin Gump  will also file an intervention on our behalf with the FERC re the Eon acquisition of LG&E by no later than cob Monday to provide us with a place holder in the proceedings should we wish to act. We will jointly contact Shaw on Monday to
let him know that this is being done.

3. Building from our meetings in Washington, Russ Kean from Kissinger and Associations will draft up an initial "political leverage" program which would cover the following:

what goals we might realistically achieve by engaging senior US politicians in the issue of energy market opening in Germany and equal treatment for American companies;
what key messages would we want to develop to generate high-level political interest in this;
what politicians and decision-makers should we want to approach, how should the messages be presented, and how can we galvanise political action (possible targets would be the US Trade Rep,. the White House/ VP Cheney, key members of Congress, US Assistant Secretaries at State and possibly Commerce, and local politicians in Kentucky)

4. You and I can then pull this material together into a coherent presentation for Eric and other senior folk in London to present the program of how, in a graduated fashion, we can apply increasing pressure on Eon to seek their co-operation and or acquiesance in regulatory areas such as unbundling, regulated TPA, and reciprocity as well as  commercial issues such as tolling agreements, and  long-term interconnector capacity. Mark Frevert has offered to raise any of this with Harig (head of Eon) if and when we want.

5. On a parallel path, we will continiue to get the message out that the German market is not open and US firms are suffering when John meets with the Congressional Delegation in Berlin next week and a meeting slated with the new US Ambassador (Coates) in Berlin later in September.

Missing Items:

1. Do we have interest in also developing a PR angle to this program? It may be a bit premature, but, if so, we would need to work with Enron's PR agency to develop the messages we would want to get out, the vehicles for doing so, the localities to hit, and the follow-up.

2. We still need more detail from (Shaw, Thompson, and Radmacher) on exactly what their commercial priorities are and how to balance these with regulatory objectives.

3. An assessment for options at the state regulatory level.

4. Have meetings yet been set up with USTR? This is a key pressure point.

Let me know what other thoughts you may have and let's talk tomorrow afternoon.
Thanks, Paul


plove only knows the skanks over at the pink pussycat, so that is an option.
the girls are not that bad if we bring some clearisil for the blemishes and a
couple of cases of beer.


Rob:

Attached is a "recap" of outstanding issues with the utility.  I have not had any conversations with anyone at ConEd.

FYI, I did receive a call this afternoon from Sylvia Dooley asking that I call her about one of the unregulated affiliates.  I left a voice mail.

Let me know how you want to proceed.  Ed asked that we prepare a blackline and not change items to which the parties have not agreed.  Thanks.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Guys, what is this!!!!

No - I think that Ahlstrom should take this risk or it should be reflected in
a price reduction. I vote not to do the deal otherwise.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 12/06/2000
06:48 PM ---------------------------

	Enron North America Corp.

	From:  Chip Schneider @ ENRON                           12/06/2000 06:07 PM

To: Greg Blair/Corp/Enron@Enron, W David Duran/HOU/ECT@ECT, Terry W
Donovan/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Ben
F Glisan/HOU/ECT@ECT
cc: George Schaefer/NA/Enron@Enron, William Keeney/HOU/ECT@ECT, Lou
Stoler/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
Subject: Change to the Inga DASH

The Approval Amount for the Inga DASH has been revised from $98 million to
$105.25 million to accomodate the potential requirement of having to replace
existing credit support facilities provided by the seller, A. Ahlstrom, or
the target, Ahlstrom Development Corporation ("ADC").  Although not explicit,
this requirment may arise as A.Ahlstrom/ADC attempt to obtain
"change-in-ownership" consents from partners, lenders and lessors to complete
Enron's acquisition of ADC.  As we believe that the liklihood of this
requirement occuring is greatest with regard to 1) and 2) below, the DASH
reflects the aggregate of these amounts.  The requirement with regard to 3)
below lies with an ADC subsidiary and should not "reasonably" merit
replacement by Enron.

This change was reflected in the DASH mailed to the Finance Committee of the
BoD on 12/05/00.

The potential credit support facilities are detailed as follows:

1)  Panther Creek -- A. Ahlstrom Comfort Letter:  A. Ahlstrom provided a
"comfort letter" for the benefit of the lenders at the Panther Creek
project.  Upon acquisition by Enron, the beneficiaries of this comfort letter
may require that it be replaced by an ENE guaranty.  The comfort letter
requires A. Ahlstrom to provide up to $1.5 MM in additional equity to the
project in the event that the project cannot meet its debt service.

Based on the origination team's analysis, the likelihood of an equity call
related to the comfort letter appears to be minimal given:
the project  is projected to achieve an average 1.92x debt service coverage
ratio in the pro forma model
the partnership maintains business interruption insurance
the project can subordinate $2MM in O&M incentive payments annually to meet
its debt service targets

2)  Panther Creek -- Equity Support Agreements:  ADC, as well the other major
partner, Constellation, have provided guarantees in favor of the Panther
Creek project lenders, each with a maximum exposure of $5.75 MM  Equity
support under this agreement may be called on if the Panther Creek project
does not meet its debt service requirements.  We believe that these
obligations should be maintained by ADC and not up-streamed to Enron as Enron
obligations, however, the consenting parties may disagree.

In the event that Enron is required to provide this support in exchange for
consent, the origination team believes it is unlikely that the project
lenders will call on the equity support agreements due to the coverage ratio,
insurance and payment subordination items discussed above under item 1) above.

3)  Gilberton -- Capital Support Agreement:  Orion Power Company (a
subsidiary of ADC) has committed to providing a maximum of $1.25 MM in equity
support to the Gilberton Power Project, in the event that debt service cannot
be met.  We have not provided for this in the DASH as we believe that these
obligation should be maintained by Orion and not upstreamed to either ADC or
Enron as either an ADC or Enron obligation.

The origination team believes that if Enron is called upon to provide this
credit support, the impact of such would be minimal because:
the agreement expires once project debt is repaid in Dec 2002
the project maintains a cash debt service reserve of $16 MM (and only $32 MM
of debt reamains outstanding)
pro forma debt service coverage ratios average 1.53x against a target of 1.15x

Given there is minimal expectation the facilities will be drawn upon, RAC
does not foresee a material impact on the overall project economics.  To the
extent guarantees or letters of credit are issued, an appropriate cost for
these guarantees should be deducted from the value of the transaction.

Please let me know if you have any questions with regard to this change.

Regards,


fyi
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 03/29/2000
12:34 PM ---------------------------

thomas.klaray@ca.pwcglobal.com on 03/28/2000 04:04:13 PM
To: richard.b.sanders@enron.com
cc: timothy.j.nakaska@ca.pwcglobal.com
Subject: ICE Drilling Systems Inc. - in Receivership

Further to my discussion with Tim Nakaska, I confirm that we have $84,508.39
in
out trust account as at March 28, 2000.
We have retained an amount of $47,000 relating to the Canada Customs & Revenue
Agency's trust claim, pending final determination as to entitlement.
We prepared a wire transfer of the US dollar equivalent of $35,000 CDN to the
same account as we transferred  funds to in September 1999.
The balance of  $2,508.39 has been retained  in our trust account to cover
incidentals. I am faxing our standard enclosure letter to your attention.

If you require any further information, please advise.

Regards,

Tom

----------------------------------------------------------------
The information transmitted is intended only for the person or entity to which
it is addressed and may contain confidential and/or privileged material.  Any
review, retransmission, dissemination or other use of, or taking of any action
in reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.


We'll be paying APS for line losses 7/11 at HE 7. I've entered two deals to cover this - a buy from El Paso (Deal #679653) and a sale to Arizona (Deal #679693).

PLEASE ENTER A PRICE INTO THE BUY FROM EL PASO - 679653 - AND NOTE THAT PRICE IN THE EL PASO MODEL. LAST TIME WE PAID BACK LINE LOSSES THIS DID NOT HAPPEN.

Let me know if you have questions.

Thanks,
Kate


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Tuesday, October   16, 2001
                                                                                (Trade Date of Monday, October   15, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $21.75	         $20.25	         $21.05	+    .44	          88,000
Comed	         $21.00	         $19.50	         $19.99	+    .12	          13,600
Entergy	         $20.00	         $18.45	         $18.70	-    .60	          21,600
Nepool	         $37.25	         $36.00	         $36.58	+   4.22	           2,400
PJM-West	         $26.60	         $26.00	         $26.38	+    .03	          46,400
SP-15	         $27.00	         $25.85	         $26.37	-   1.84	           4,400
TVA	         $20.75	         $20.75	         $20.75	-    .43	           1,600

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com .
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Enron Global Strategic Sourcing (GSS) has entered into an agreement to
utilize United Parcel Service (UPS) as Enron,s preferred carrier for package
delivery.  Through the new agreement, GSS has been able to leverage existing
package delivery spend from all Enron business units worldwide in order to
achieve more aggressive pricing discounts.  Effective immediately, all Enron
business units will be able to realize savings by utilizing the new agreement.

In the next couple weeks, GSS will be distributing more detailed information
regarding additional shipping options, training schedules and package
tracking capabilities available from your desktop. In the meantime, employees
and/or locations who currently utilize &Package and Ship Requests8 may
continue to do so.  Please provide all required information, including RC and
Company Number and identify UPS as the requested carrier.  Other office
locations should continue using their existing procedures, utilizing UPS
whenever possible, to obtain the discounted pricing.

If you have questions or comments about the new agreement, please contact
Randy Lagrimini, GSS contract manager at 713-646-7366 or Verna Molandes, UPS
preferred customer associate at 281-847-6769 or 1-800-432-2877.


Tom and Cynthia--The SE reports includes some dings against TVA.

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


Priscilla Levine
pflww@yahoo.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Priscilla Levine


Alan:

Are you still the code of conduct person?  If not, let me know & I'll keep
looking.

Mark
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
12/14/98 04:53 PM ---------------------------

Mary Solmonson
12/14/98 10:38 AM
To: Christian Yoder/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES, Sheila
Tweed/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT
Subject: Enron-Wide Global Counterparty Implementation - Code of Conduct
Guidance/Approval Requested

We have been asked to implement the Global Counterparty (GCP) system at
Portland General and EES to support Global Credit Aggregation with our major
trading partners.  This information includes Counterparty Name, various
Address data such as documentation (confirmation), headquarters, and
settlement (including wire bank, ABA, and routing), and various contact names
and phone numbers such as trader, settlements, etc.

For Global Credit Aggregation to be supported most efficiently, all Enron
companies must utilize a common identifier for the counterparty on a trade,
i.e., Southern Energy Marketing for Portland = Southern Energy Marketing for
ECT = Southern Energy Marketing for EES = Southern Energy Marketing for
EPMI.  Global Credit must 'see' exposure from each affiliate for a
counterparty as the same party to aggregate to a corporate level.

For Portland General, the list of trading partners are mostly parties we
already have in the GCP database.  However, there will be some counterparties
that are specific to Portland General (the same could also be true about
EES).  For that reason, I would like to train specific individuals at each
company to perform the GCP administration/maintenance for their
counterparties much like we handle the ECT London and Calgary operations.
What we will have is a system shared as depicted below :

There would be select individuals at each company to maintain their
counterparty information via Terminal Server in a common database maintained
here in Houston by ECT IT.   This type of access would give these individuals
access to Counterparty data for all companies regardless of their own company
affiliation. Each company/business unit will have an extract or view from the
main database of only their counterparties to support their trading and
downstream systems versus those systems being integrated directly with the
main database containing all information.

What I need to know is whether any of you see a problem with this 'sharing'
of technology and data between ECT and PGE or EES and the intended
implementation.  Based on Bill Dassenko's understanding of the FERC Code of
Conduct, we think this proposal is within the guidelines.  Please provide any
comments or your acceptance of this proposal by Monday, December 21st.

Thank you.

---------------------- Forwarded by Mary Solmonson/HOU/ECT on 12/14/98 08:43
AM ---------------------------

Debbie R Brackett
12/11/98 04:48 PM
To: Mary Solmonson/HOU/ECT@ECT
cc:
Subject: Counter Party Name List

Mary,

This is the list we talked about. Reviewing it briefly, I only see a few that
we don't already have in GCP. In discussing this with Bill (Dassenko), he
sees no reason under the FERC code of conduct that we cannot see ( or share)
public information  about shared counterparties such as would be populated in
GCP. He is prohibited from sharing specific deal info or exposures, neither
of which would be an issue in GCP. Hope this helps...I'll be back in on
Tuesday and we can talk more if you need to.

Debbie
---------------------- Forwarded by Debbie R Brackett/HOU/ECT on 12/11/98
04:41 PM ---------------------------
From: HQ3.EM5:Bill Dassenko AT PORTLAND_PO@CCMAIL on 12/11/98 03:58 PM
To: Debbie R Brackett@ECT
cc:
Subject: Counter Party Name List

Date:  12/11/1998  03:58 pm  (Friday)
From:  Bill Dassenko
To:  Brackett, Debbie R
Subject:  Counter Party Name List

Debbie,
Attached is a file containing PGE's list of counterparties.  There are a few
financial counterparties which I have not yet included on this list. All
names on the list are wholesale counterparties with which PGE trades power or
gas or are wholesale customers.  There are no retail customers on this list.

In general, under the FERC "Code of Conduct" rules established for working
with affiliated companies, the unregulated entity (ECT, EPMI) can tell all to
the regulated entity, but the regulated entity (PGE) can share in only the
most general of terms. Further,  PGE conversations can not convey any
information which is otherwise not public about PGE's markets or customers.
Although the question is a good, I believe I have more to worry about when
talking to you than what you do when talking to me. Given that I have
included as complete a list as I have.

Christian Yoder is the ECT lawyer who is tasked with code of conduct
issues for ECT.  His phone number is 503-464-7845.
 - List.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
04:06 PM ---------------------------

Anita DuPont@ENRON
10/10/2000 03:38 PM
To: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Binary (Digital) Options

Vince:

Here is the existing presentation.  I have formatted the document like it
should appear for the presentation.  Please feel free to change or add to
the data but do not change the background color, the bullets or the white or
yellow fonts.  Thanks.  Anita


The EES domain controller which facilitates the EES VPN solution will be relocated from 3 Allen Center to the Enron Building on Thursday, October 25, 2001 from 4:00 pm - 5:00 pm CST.

EES employees who have not migrated to the Corp Domain will not be able to use their VPN solution during this time period.

If you need additional information, please contact the EES Resolution Center at x39797


Stan/Mike,  Per our meeting on Monday regarding EDS' CEO, Dick Brown, talking
to Ken Lay or Joe Sutton, below are the bullet points to reflect our
position.  Please let me know if you have any comments.   Thanks for your
support.  Jenny

Message to EDS regarding insourcing

Enron views technology as a strategic focus, and technology staff as
strategic resources.

We want to incent these strategic resources to minimize the risk of them
leaving the organization and Enron,s compensation plans allow us to mitigate
that risk (Enron has 5% attrition, technology industry 20%).  We also believe
that many of these people want to be part of the Enron organization.

This doesn,t mean we don,t want to do business with EDS, but we do want to
change the way we do business with EDS, which will position EDS to sell
services that truly are &value add8 and not time and material.

EDS will continue to have a role at Enron:  GPG infrastructure, Azurix,
Elektro and possibly EES (work with ATKearney).

And Enron, as a highly visible, &well-decorated8 company*, will continue to
be a positive reference for EDS and it,s potential customers, including
discussions of how we have outsourced and then insourced different technology
functions and continue to maintain a positive relationship.

* Fortune,s most innovative company awards, 24th on Fortune,s best 100
companies list, etc.


Oh yeah and I might bring Price Strader too.


Everyone,

We have just received an order from the California Attorney General requiring
all employees (except legal, admin, and human resources staff) to take the
following steps immediately:

   1.  Save all e-mails, i.e., don't delete any e-mails.
   2.  Do not delete any information in databases.
   3.  Do not delete any word processing files or file fragments.
   4.  Do not delete any excel spreadsheets or calendars or scheduling
programs.
   5.  Any other electronic data not otherwise covered.

This request is being made in connection with the California AG's
investigation into electricity prices.  We do not know how many other
companies have received a similar order, but there is no reason for us to
assume at this time that Enron has been singled out.

Over the next few days we will be working with our technology group to figure
out the most efficient way to manage this request.  This is a serious matter
and we strongly urge every person affected by this request to cooperate fully
with this order.  We appreciate your help with this and will keep you
apprised of any changes in policy.

Tim Belden and Chris Calger


I'm going to try someone else.


The attached file contains our daily volume requirements for  6/30 and  7/1
the
following day(s) as listed .    There are three  worksheets labelled as
follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\May_00\Daily\ *.xls, so you don't have to save a duplicate
copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'Comments':   Contains comments on selected items on various days.

Hans Herzog
ph: 703 561 6331
fax: 703 561 7317

 - 06-30-00 daily VolsAM.xls
 - 07-01-00 daily volsAM.xls


Tana:

Can you please forward an NDA for Net Works and

UnBound Technologies, Inc.
5295 Hollister Road
Houston, Texas 77040

Voice: 832.590.1000
Fax: 832.590.1010
Email: info@unboundtech.com <mailto:info@unboundtech.com>

We are discussing applications and technology that we can develop and or
license from / to each other.

Thanks,

Fred Philipson
5-9323


Suzanne:
We have a visitor from SArgentina that will be here this week so please add 1
more to the credit lunch count.  Alos, Jason Peters will be attending.  Saw
Ric at the Q Saturday morning.  Where were you?
Carol


----- Forwarded by Tana Jones/HOU/ECT on 04/20/2001 08:25 AM -----

	Nony Flores
	04/19/2001 06:39 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Form Letters

Tana,

As per conversation, attached are two forms of letter that we have used in
the past when requesting legal advise from local counsel.  The long form is
the letter that Alan and Sara worked on with Allen & Overy back in 1996.  The
short form is the letter that Mike Robison has used when dealing directly
with local counsel requesting advise in connection with physical trading
matters.  I hope this is helpful.  Let me know if you need anything else.

Thanks.
Nony


Eric, as I understand the FH/TCPL plan (which Enron is going along with) all parties will at least initial (or is it sign ?- see MOU sec.11 re the press release, where the language says the press release will announce the MOU has been executed) the MOU with the language substantially as it is contained in the draft you sent at 4:16 pm yesterday.  While this draft does not refer to any concept of Non-Developing Parties, the MOU does not bind Enron to become a Rejoining Partner in ANNGTC, and you have verbally told TCPL, El Paso and PGT that we are not going to rejoin until the old liabilities are cleared up.  This should be communicated to all parties in writing in the near future (see MOU Sec 17 re good faith intent of the parties regarding the MOU transactions).   In light of the non-binding nature of the MOU, it seems reasonable to go forward with the group under the proposed terms, even though Drew has prepared extensive comments on the MOU to introduce the Non-Developing Partner concept.  This concept can still be proposed during the next phase, when we work on amending the ANNGTC Partnership Agreement.  If we should talk further give me a call at 402=398-7888.  Bob Hill

-----Original Message-----
From: Gadd, Eric
Sent: Wednesday, October 24, 2001 4:16 PM
To: Fossum, Drew; Hill, Robert
Cc: McCarty, Danny
Subject: FW: ANNGTC MOU

All,

In the rush to get this MOU completed, Foothills and TCPL have addressed the attached letter to Stan Horton as a single counterparty to the MOU, which is not the agreed way forward.  The MOU will be revised
again to reflect the fact that all of the parties will appear on one
document--not each party executing only with TransCanada, Westcoast and
Foothills.

Please review and provide comments.

Thanks

-----Original Message-----
From: Tracey Nemeth [mailto:tracey_nemeth@transcanada.com]
Sent: Wednesday, October 24, 2001 1:01 PM
To: Gadd, Eric
Cc: Dennis McConaghy; Donna Friesen; Tony Palmer; Murray Birch
Subject: ANNGTC MOU

A revised version of the ANNGTC MOU is attached.


Yes. I have been working those. After I get all info I wil probably consolidate and give to sharon for keping but I think it make sense forme to consolidate all info on these employees. Thanks. M
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
09:08 PM ---------------------------

Shirley Crenshaw
04/13/2001 06:37 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/LON/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, William
Smith/Corp/Enron@Enron, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, Praveen
Mellacheruvu/HOU/EES@EES, Stephen Bennett/NA/Enron@ENRON, Roman
Zadorozhny/HOU/EES@EES, Lance Cunningham/NA/Enron@ENRON, Leann
Walton/NA/Enron@ENRON, Shane Green/HOU/EES@EES, Seksan
Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT, Nelson
Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Tom
Barkley/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron, Wichai
Narongwanich/HOU/EES@EES, Sandeep Kohli@Enron, Iris Mack/ENRON@enronXgate,
Mitra Mujica/ENRON@enronXgate
cc:
Subject: Party, Party, Party (at Sandeep's new house)

Hi everyone:

Please mark Saturday, May 5th on your calendar.  Sandeep is
having everyone over to his new house!

DETAILS TO FOLLOW!


i'm not.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, November 27, 2001 9:36 AM
To:	Nelson, Michelle
Subject:	RE:

just kidding

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, November 27, 2001 9:33 AM
To:	Maggi, Mike
Subject:	RE:

you might not need to tell me that.  i am about to do it on my own.  :)  and that's not very nice anyway

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, November 27, 2001 9:33 AM
To:	Nelson, Michelle
Subject:	RE:

what if i say jump

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, November 27, 2001 9:32 AM
To:	Maggi, Mike
Subject:	RE:

i always give you your way.  you say drive i drive.  there is something wrong with this picture!  I AM COLD!!!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, November 27, 2001 9:30 AM
To:	Nelson, Michelle
Subject:	RE:

what do you mean again, theres a first time for everything


Allison, could you please forward to Terry Banks and the F-H guys?  Thanks

___________________________

Category:	Enron Broadband Services, Bandwidth Trading
Description:	Is Latest Fiber Optic Play Enron?
Detail:
Dow Jones News Service  2/3/00

Investors can't get enough fiber. And we're not talking about a bowl of
Cheerios or Special K.

 We're talking about fiber optics.

 Telecommunications companies such as Qwest Communications (QWST), Global
Crossing (GBLX) and Level 3 Communications
 (LVLT) are racing to build new fiber-optic networks so that high-bandwidth
applications like video can travel faster and be clearer when
 they reach the desktop. The huge growth of the Internet has increased the
need for more capacity on old fiber and copper wire
 networks. All sorts of new switches, routers, servers and software are being
used to build the new networks and beef up the old ones.

 The need for fiber and gadgets that enhance networks prompted Corning (GLW)
- that erstwhile dishmaker - to announce Thursday that
 it will spend $750 million to increase its fiber-optics manufacturing
capacity by 50% over the next few years. And the trend has sent
 stocks like JDS Uniphase (JDSU), SDL (SDLI) and Sycamore Networks (SCMR)
through the roof.

 The excitement over fiber optics and increasing bandwidth is also juicing up
shares of an old natural gas and electric company called
 Enron (ENE). True, Enron isn't a typical energy or utility company: The
Houston-based company is known for leading the charge of
 wholesale marketing and trading of gas and electricity. But Enron has never
been considered a telecommunications company.

 Until now.

 After trading between $28.75 and $44.875 last year, Enron shares shot up 65%
to a new high of $73.06 last month, after the company
 held its annual analysts' conference where it unveiled its new
communications strategy and a surprising joint venture with Sun
 Microsystems (SUNW). Wall Street was smitten. "Although this is still an
energy company, in our view, Enron fits the description of a
 'new economy' stock" because it has moved its wholesale trading operations
online and announced a unique broadband strategy, wrote
 Donato Eassey, a Wall Street Journal All-Star analyst at Merrill Lynch.

 Enron has been building its broadband business since 1997, when it acquired
Portland General Electric, which started building a
 fiber-optic network. Enron invited both telecom analysts and the usual
contingent of natural gas analysts to its Jan. 20 meeting. The
 company presented its new network, which is based on fiber; servers that are
ramps on and off the network; "pooling points," which are
 essentially switches that connect its network to other networks; and
software to control the transmission of data. The company is using
 networking gear mostly from Lucent Technology (LU) and Cisco Systems (CSCO).
By the end of 2001, Enron expects to increase its
 network to 18,000 miles from about 13,000 miles now - a sizeable slice of
the roughly 200,000 miles of fiber in the U.S.

 The company also announced a joint venture with Sun Microsystems to develop
a standard technology for accessing real-time
 bandwidth and supply Enron with 18,000 servers. With Sun CEO Scott McNealy
at their side, Enron executives said Sun will purchase
 broadband video streaming services from Enron. "All we can say is WOW!"
wrote Edward Tirello Jr. at Deutsche Bank Alex. Brown in
 a note after the show. "Just when we began to ponder the potential with a
very healthy skepticism, Enron brilliantly anticipated the
 reaction and thrust Sun Microsystems' billionaire CEO Scott McNealy into the
mix."

 Fund managers have been intrigued by Enron's transformation, too. Back in
December, the Janus Fund (JANSX) snapped up 15.6
 million shares of Enron, bringing its stake to more than 25.5 million shares
and making it by far the largest holder of the stock, according
 to the latest monthly data from Morningstar. And Fidelity's huge Magellan
(FMAGX) fund nearly doubled its stake in Enron to 4.6
 million shares in December. Says Marion Schultheis, managing director at J.
& W. Seligman, who owns the stock in two growth funds
 and is looking to buy more: "Now there are real tech people looking at
Enron."

 Analysts think Enron's stock can climb even higher. "In January, it was just
the first step of the market realizing what this company is
 doing," says Erik Ruben, an analyst at Janus Capital. "It is such an
extraordinary story." Wall Street Journal All-Star analyst Rick Gross
 at Lehman Brothers agrees. The natural gas analyst is quick to point out
that the stock is also reflecting strength in Enron's wholesale gas
 and electric business and the company's success in turning its energy
services business profitable for the first time in the fourth quarter.

 Enron plans to use its network in two ways. The first business is bandwidth
intermediation, which involves using its own network and
 other networks to provide businesses and Internet service providers with
full bandwidth needs. Enron aims to lower the cost of using
 networks by charging customers for only the time and space they use on the
network. Right now, customers that need space on a
 network have to enter long-term contracts for preset amounts of capacity
with major telecommunications providers such as AT&T (T)
 and MCI WorldCom (WCOM). Enron has also developed a standard bandwidth
contract that pools existing contracts or unused
 capacity that can be traded in a marketplace (see story for more).

 Basically, the company plans to make money on the spread between buying and
selling prices for bandwidth, along with financing
 services. The company has already proved it can profitably buy and sell
natural gas and electricity contracts in the same manner. Ronald
 Barone at PaineWebber figures that the bandwidth intermediation business
will generate gross operating income of more than $500
 million in 2004, from an estimated $9 million this year.

 The second business is providing broadband content services such as video
conferencing and streaming. The company is using its own
 messaging software (acquired from a company called Modulus), along with
Inktomi (INKT) caching software to control distribution of
 content across its network and RealNetworks' (RWNK) video streaming
software. It is also using switch routers that control data flows
 made by a privately held company called Avici Systems. The company expects
to generate content revenue of $2.5 billion in 2004, up
 from an estimated $45 million this year, according to Barone.

 The whole broadband services unit is expected to spend $650 million and lose
$60 million (before interest and taxes) this year, Barone
 says. But right now, the stock is hardly reflecting this business, says
Lehman's Gross. "The non-broadband business is valued at $55 to
 $60, so there's very little in the stock for its broadband assets," he says.
Many analysts have raised their 12-month stock price targets to
 $90 to $100, giving Enron's broadband business a value of $30 to $40 a
share.

 Enron's broadband strategy is catching a lot of attention, but some of the
established telecom companies, such as MCI WorldCom
 (WCOM), doubt that it will be successful. Still, Global Crossing, which was
the first to sell bandwidth between New York and Los
 Angeles to Enron in December, has indicated that it thinks the bandwidth -
trading concept can work. It's just a question of when.
 "Enron is going to be a winner in bandwidth trading ," agrees Brad Bradshaw,
senior director at the Yankee Group. "It's going to take
 a while, though."

 Even if the broadband plans don't work out, Enron has a thriving energy
business to fall back on. The company owns gas pipelines, sells
 wholesale gas and electricity in North America both traditionally and online
and manages energy needs for large companies such as
 Chase Manhattan (CMB) and Simon Property Group (SPG). Says Janus' Ruben.
"Its energy businesses are equally
 paradigm-breaking."

 For more information and analysis of companies and mutual funds, visit
SmartMoney.com at http://www.smartmoney.com/


Click on the following  link to add the 'Financial Trading Agreements'
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Greg, if this expenditure was not listed on Schedule4.13 (cap expenditure
schedule), it will  exceed the Cap Exp limitation set forth in Section 6.2
(h) of the Purchase and Sale Agreement; the threshold for permitted
expenditures is $500,000 individually and $2,000,000 in the aggregate.
Please consult with Brian about whether or not he wishes to discuss this with
AEP.        Regards bng

	Greg Brazaitis
	01/17/2001 10:23 AM

		 To: Nick Cocavessis/Corp/Enron@ENRON, James R Haden/HOU/ECT@ECT, Eugene
Peabody/GCO/Enron@Enron
		 cc: Brian Redmond/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT, Barbara N
Gray/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT,
Eric Gillaspie/HOU/ECT@ECT
		 Subject: Rio Nogales Power Plant, Seguin, Texas

Pace Global Energy, as agent for Constellation Power has announced that the
fuel pipelines to feed the Rio Nogales Power Project LP, will be built by
Pinnacle Natural Gas.  The project manager for Pinnacle will be Bill Janacek,
a former VP of Operations with Transwestern Pipeline.  The plant is under
construction and the pipeline work will be scheduled shortly.

I have sent Constellation Power an interconnect agreement for Rio Nogales
Power Project which would provide for the interconnection of the new pipe to
Houston Pipe Line near Prarie Lea in Caldwell County.  The agreement is not
yet executed.  I have put in a prepayment for the work as part of the
proposal.  The amount for the interconnect and station is $640,000.  Please
do not perform any work on the project until the interconnect agreement is
executed.


Daren,

The following Logistics personnel will be in the office on Tuesday:

 Mary Poorman
 Mark McCoy
 Eddie Janzen
 Tom Acton
 Aimee Lannou

If you think we need more or less people, please let me know and I will keep
the group informed.

Thanks,

Mary


----- Forwarded by Mark Taylor/HOU/ECT on 06/01/2001 06:28 PM -----

	Mark Taylor
	06/01/2001 06:21 PM

		 To: "McGovern, William" <McGovernW@SEC.GOV>@ENRON
		 cc:
		 Subject: BVI Photos

Here are my pitiful attempts at photos from the trip:


Dennis--
 Can you tell me, of the following POI's, which are active on any TW shipper contracts and who the shipper is, including contract number? Can I get this info by sometime Tuesday 2/19?

thanks, KH

POI
61206
500391
500392
9109
500241
500242