Ron:
It looks like Jane has not received these questions.  Let me know where they
are in terms of being answered.  Thanks!
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 10/30/2000
12:01 PM ---------------------------

"Jane Kravcik Murphy" <jkmurphy@JonesDay.com> on 10/30/2000 11:54:05 AM
To: Benjamin.Rogers@enron.com
cc: tirwin@alleghenyenergy.com, jhammer@alleghenyenergy.com,
jlapcev@alleghenyenergy.com, "William F Henze" <wfhenze@JonesDay.com>,
"Michael F. Dolan" <mfdolan@JonesDay.com>, "Michael C. Gibbs"
<mgibbs@JonesDay.com>
Subject: Re: Outstanding Allegheny Environmental Questions

_______________________________________________________________

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

Thanks for the response.  We had previously received the response regarding
the SPCC plan issue but I had not seen the responses for the Lincoln
facility (although I had received Gleason last week).  Just to confirm what
is outstanding:  The questions relating to all facilities sent on 10/23,
the questions relating to Wheatland sent on 10/23, the questions relating
to LV Cogen I and II sent on 10/23, and the questions relating to the LV
Cogen I and II schedules sent on 10/25.  Please let me know if this is not
consistent with your understanding of what is outstanding.  Thanks.

P.S.  You had also indicated in your 10/25 email that the letter from TDEC
regarding the Subpart GG variance would be faxed to me.  To date, I have
not yet received it.  Thanks.

Benjamin.Rogers@enron.com on 10/30/2000 11:34:03 AM
Extension:

To:   jkmurphy@JonesDay.com
cc:   Don.Miller@enron.com
Subject:  Re: Outstanding Allegheny Environmental Questions

Jane:
I believe we have already sent you the answers to these questions.  They
were sent to Tom Irwin.  Here are some of them again.  The rest of the
answers for the peakers will follow shortly - we are cleaning them up a
little.
Ben

(See attached file: Allegheny Question and Answers - All Facilities 3rd
Batch.doc)

(See attached file: Allegheny Question and Answers - Lincoln version2.doc)
(See attached file: Allegheny Question and Answers - All Facilities 3rd
Batch.doc)
(See attached file: Allegheny Question and Answers - Lincoln version2.doc)

 - Allegheny Question and Answers - All Facilities 3rd Batch.doc
 - Allegheny Question and Answers - Lincoln version2.doc


Tana:  Would you please handle?  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 07/24/2000 05:47 PM -----

	Marty_Oelmann@cargill.com
	07/24/2000 04:45 PM

		 To: sara.shackleton@enron.com
		 cc: Andrzej_Kabarowski@cargill.com, Marc_Rubenstein@cargill.com
		 Subject: ISDA Master Agrmnt btwn Enron North America Corp and Cargill

     Hi Sara,

     Since Enron prepared the ISDA Master Agreement referenced above, we do
     not have an electronic version on file.  Could you arrange to forward
     to me via e-mail the "Schedule 1" Irrevocable Transferable Standby
     Letter of Credit Format?

     Thank you for your assistance and I look forward to receiving it.

     Regards,
     Marty Oelmann


did you like the blond with the white sweater?


Below is the covenant we have in the PSA regarding release of the gas credit
support.  When will a shipper be required to put up the credit support?
Would anticipate we would have trouble obtaining a written release from Kern
if Calpine agreed to provide the required support?  Would we receive a
written release if Enron puts up a guarantee (which by definition covers the
entire 15-year term) and Calpine puts up a three year evegreen LC?  Thanks.


Christi,
?
Here is the paper  you wanted.
?
All,
?
This excellent and  easy to read paper makes a good argument as to why
continuously clearing markets  are more efficient than single price
(ISO/PX-like) regimes.? I've already  sent a few of you hardcopy, but Christi
and I thought it would be good for all  to read.
?
Scott
?
?
?
?
 - In Defense of Multiple Markets.pdf


Question:  First of all, Ben is not on the Incumbency Certificate (we have
Duran, Presto and Tricoli) so can Ben sign the Escrow Agreement?

Second:  If it is okay for Ben to sign this document, would you like me to
change his title from Director to Attorney-In-Fact?

 -----Original Message-----
From:  "Reuter, Marisa" <MReuter@KSLAW.com>@ENRON
[mailto:IMCEANOTES-+22Reuter+2C+20Marisa+22+20+3CMReuter+40KSLAW+2Ecom+3E+40EN
RON@ENRON.com]
Sent: Wednesday, May 30, 2001 4:20 PM
To: Mann, Kay
Cc: Carnahan, Kathleen; Booth, Chris; Keffer, John
Subject: FW: ESCROW AGREEMENT

Kay:

In order to expedite the formation of the escrow account, I am attaching the
signature page to the Escrow Agreement, and ask that you obtain three
executed originals.  Once you have obtained the required signature, please
forward the 3 signature pages to Tremaine Wright at Paul Hastings along with
the executed incumbency certificate, which Kathleen has.  Since we have not
seen the final draft of Escrow Agreement, be sure to tell Tremaine to hold
the signature pages in escrow pending further written instruction from you.
Tremaine will deliver the Escrow Agreement, incumbency certificates, fee
letter, and Form W-9 to Citibank as soon as all the documents are in order.
Tremaine's contact information is listed below:

Paul, Hastings, Janofsky & Walker LLP
399 Park Avenue
New York, NY 10022-4697

Don't hesitate to contact me if you have any questions.

Regards,

Marisa

-----Original Message-----
From: Wright, Tremaine S. [mailto:TremaineWright@paulhastings.com]
Sent: Wednesday, May 30, 2001 3:53 PM
To: 'Reuter, Marisa'
Subject: ESCROW AGREEMENT

"paulhastings.com" made the following annotations on 05/30/01 16:52:58
----------------------------------------------------------------------------
--
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
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If you have any questions, please contact us at noc@paulhastings.com.

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received this in error, please contact the sender and delete the
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 - ATT21924.txt
 - ATT21925.htm
 - 7@4S01!.DOC


Joe:
How should we respond to Koch's letters concerning our confirmation language
regarding Transco Zone 6?  Have our traders talked to theirs?
Carol


Steve, I attach a briefing paper for your visit. A hard copy will be
available for you on arrival. The paper includes the following:
Itinerary
Conference details
Brattle paper summary
Media interview background
General key messages
Electricity wholesaling reactive statement
Political update
Meeting briefing notes

You will note one further change to the itinerary. We will be meeting with
METI rather than the Fair Trade Commission. The purpose of the METI meeting
will be to explain our concerns with the current regulatory environment and
Enron Japan's proposal to temporarily suspend its electricity wholesaling
activities. We met with our METI working level contacts today to brief them
on Brattle and in particular the shortcomings of the current system. We did
not discuss suspension of our wholesaling activities. The meeting briefing
notes will be available on your arrival in Tokyo.

I also attach the latest version of the Brattle paper and, for completeness,
the final version of the presentation and notes.

I will call you at the Palace Hotel on Monday at 6pm. If you have any hiccups
with arrangements please let me know. My contact numbers are as follows:

Home 813 52610539
Mobile 8190 27334795
Office 813 5219 4583

I think we have stirred things up enough here in the last couple of days to
make for an interesting visit for you. I look forward to seeing you on Monday.

kind regards


I am attending a training session from 1:00 to 3:00.  I hope this will not
create any problems for any of you.

Rae


Hi Gregg,

Per your request:

See ya,

Kay

From: Gregg Penman on 10/20/2000 03:08 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Waiver

Kay - please review this letter and let me know if you think it needs any
edits.

Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 10/20/2000 03:08 PM -----

	Mary Lynne Ruffer@ECT
	10/20/2000 01:00 PM

		 To: Gregg Penman/HOU/ECT@ECT
		 cc: Tracey Irvin/HOU/ECT@ECT
		 Subject: Waiver

Per our discussion...

Thanks!


Attached is a privileged and confidential memorandum concerning the various congressional investigations relating to Enron.  In anticipation of our preparation for and your participation in staff interviews with the House Energy and Commerce Committee next week, I thought you might like to review this background material in advance.  We'll have more detailed intelligence from the Hill to share with you orally when we meet next week.

In order to preserve the attorney-client privilege, and because of the politically sensitive nature of some of this material, please do not share it with anyone.

I'll be back in Houston Sunday night and can be reached first thing Monday morning at 713-345-2572.  In the meantime, please feel free to call me in DC with any questions.  Otherwise, I'll see you next week.

Thanks,
Michael

Michael N. Levy
Swidler Berlin Shereff Friedman, LLP
(202) 295-8414
mnlevy@swidlaw.com

The preceding E-mail message contains information that is confidential,
may be protected by the attorney/client or other applicable privileges,
and may constitute non-public information.  It is intended to be
conveyed only to the designated recipient(s).  If you are not an
intended recipient of this message, please notify the sender at (202)
295-8414. Unauthorized use, dissemination, distribution, or reproduction
of this message is strictly prohibited and may be unlawful.

-----Original Message-----
From: DeLorenzo, James
Sent: Friday, January 11, 2002 6:17 PM
To: Levy, Michael
Subject: 5041227v3.DOC


VEHICLES LEFT AT TULLY:   If you plan to leave a vehicle at Tully Stadium, please be advised that the stadium will close on Saturday at noon and will not re-open until Sunday morning at noon.  Tully stadium weekend hours:

		Friday - 6:30 a.m. to 4:30 p.m.
		Saturday - 5:00 a.m. to noon
		Sunday - 10:00 a.m. to 11:00 p.m.
		Monday - 6:30 a.m. to Noon

The parking lot will be locked except between the above times, so please don't park there if you need to get your car out other than these times.

IF YOU HAVE ANY MORE QUESTIONS ABOUT ANYTHING AT ALL, PLEASE LET ME KNOW.  I'LL BE HERE UNTIL THE CARBO-LOAD PARTY TONIGHT AND ALL DAY TOMORROW.

SEE YOU SOON !!


Hello everyone,

Today we have Grant Masson spreaking in our options pricing seminar series.
Grant's topic is  "Marginal Value at Risk".   It will be held at 12 noon at
19C2.

We  thank you for your participation.

Zimin Lu
Alex Huang


rrodri2
sydney2000*

Thanks,
Robin


This will be the 1st session to discuss proposed global operational standards and reporting.  For those who can not attend this meeting we will schedule a follow up.


Notice No.  01-120
April 6, 2001

TO:
ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
Proposed Amendments to the Supplements of the Grade 1 Copper Futures
Contract, the Gold Futures Contract, the Silver Futures Contract, the
Aluminum Futures Contract, the Platinum Futures Contract and the Palladium
Futures Contract.

The Exchange proposes to amend the Supplements of the Grade 1 Copper Futures
Contract, the Gold Futures Contract, the Silver Futures Contract, the
Aluminum Futures Contract, the Platinum Futures Contract and the Palladium
Futures Contract. The proposed amendments update the addresses and telephone
numbers of the service providers to these contracts.

The proposed amendments must be approved by the Commodity Futures Trading
Commission (CFTC).  The Exchange membership will be notified when CFTC
approval is received and when these amendments will take effect.

For copies of the proposed amendments, please visit
http://www.nymex.com/refernce/notices/2001/ntm_120.pdf.  Underlining
indicates additions, bracketing [ ] indicates deletions.

Should you have any questions regarding the above, please contact Albert J.
Getz at 212-299-2608.

COMPLETE NOTICE (W/ PROPOSED AMENDMENTS) CAN BE FOUND AT
http://www.nymex.com/refernce/notices/2001/ntm_120.pdf

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-120)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Danny

I believe John Millar works for Eric Gadd in Business Development. If my sources are correct, John is a former EOTT employee. We are looking to possibly use John, if he available, in a special and critical role regarding EOTT pipeline integrity. This would likely be at least a six month, and maybe a year long effort.

Give me a call.

Mike Nelson
VP Pipeline Integrity Program Management
713 345 5241


Schedule reflects amount due for cancellation on or before the stated dates?

From: Reagan Rorschach/ENRON@enronXgate on 05/24/2001 01:19 PM
To: Kay Mann/Corp/Enron@Enron
cc: Kayne Coulter/ENRON@enronXgate, Tom May/ENRON@enronXgate, Jeffrey
Miller/ENRON@enronXgate, David Fairley/ENRON@enronXgate

Subject: RE: Open items for MDEA

Kay, see attached.  The monthly fee should be $13,003.  I took the $300k we
have all been discussing and backed out the $12,500 they paid under the ILA
terms.

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 24, 2001 11:35 AM
To: Mann, Kay
Cc: Rorschach, Reagan; Kroll, Heather; Fairley, David; May, Tom
Subject: Re: Open items for MDEA

More:

We need internal agreement on the cancellation fee schedule, to be included
as an exhibit.

What is the status of the Yazoo City master gas agreement?  Do we still want
a master gas agreement for Clarksdale, also?  Do we want it now?

Thanks,

Kay

Kay Mann
05/23/2001 05:05 PM
To: Reagan Rorschach/Enron@EnronXGate, Heather Kroll/Enron@EnronXGate, David
Fairley/Enron@EnronXGate, Tom May/Enron@EnronXGate
cc:

Subject: Open items for MDEA

Here are issues which I'm unclear about, all of which impact the drafting of
the agreement:

How are we setting the heat rate?  Do we have the GADS (?)?  Is it a daily
average, weekly average?  Flat rate? Adjusted? If so, how often?

Are we comfortable that there are no permit restrictions?

We have determined that we won't deal with fuel oil, right?

We aren't making money on gas, right?

Do we have a defn of costs that we like yet, and if so, how does it fit in to
the picture?

Is there an up-to-date set of exhibits?

It would help if theh commercial part of the team could send me the
following, in words and/or formulae:

The defn and method of establishing the bogey (target production cost)
formula can be an exhibit, which would be great for the commercial team to
work on.   Are we determined how we should deal with imbalances (part of cost
of power)?  How are we setting the bogey?  Formula?  Subject to audit? Two
bogeys or one (gas and oil)?

What is defn of profit?  I think I have the general idea, but a sentence or
two would be helpful as a reality check.  What costs are included on the buy
and sell side?

Re stack model: a sentence or two describing what it is and how it is used.

Updated exhibit on facilities, contracted resources, operating limits.

What information does MDEA need for us to provide in order to split
costs/profits?  Are we clear that Cities buy gas, MDEA buys/sells power?

It would be great if I could get one set of answers to these
questions/issues, which has commercial buy in all around.

Thanks,

Kay


Hi Tana,

Here is the email address for Jack Cogen at NatSource. If possible they would
like to receive the documents electronically. Its jcogen@natsource.com. Once
again if we could get the CA to them as soon as possible. Thanks.

Savita


Per Prebon:
Matt sold to Public Service of Colorado 25 mw of Q4 PV at $150.00


Sorry for the delay - we won't be able to go with you tomorrow night - hope
you have fun anyway!

	Enron Capital & Trade Resources Corp.

	From:  Marc.R.Cutler@BankAmerica.com                           03/02/99 01:37
PM

To: Mark - ECT Legal Taylor/HOU/ECT
cc:
Subject: Personal-

Mark,
We're going to the Vince Gill concert on Thursday night, and the persons
that were joining us had to go out of town.  Let me know if you would like
to join us (2 tickets).

Marc


The Egan storage contract expires on August 31,200.  This is an evergreen
contract which will automatically renew for 12 months unless either party
gives 90 day written notice to end the contract.

I believe it will probably be one of you three looking at this.  Which one of
you is it?

I left a copy of the contract on Susan's desk.  Susan, you can toss this.


This spreadsheet shows the current estimates are approximately 12,000/day
short of what the estimates would be with the revised Entex Factor.

Call me if you have any questions.  I will work to get the revised estimates
into POPs today.

Gary


Attached are blacklined and clean copies of the Legal Status Report for Enron
Canada.  This Legal Status Report is intended to update each of you and may
include matters of interest to some, but not all of you.  By copy of this
e-mail to Kay, I ask that she pull from this list whatever she needs for the
Legal Finance/Transactions Group Status Report.

Regards,
Peter


---------------------- Forwarded by Chris Germany/HOU/ECT on 08/30/2000 11:14
AM ---------------------------

Dave Scott@EES
08/30/2000 10:44 AM
To: FOM Direct
cc: FOM cc
Subject: Sept. FOM Requirements

see attached

---------------------- Forwarded by Dave Scott/HOU/EES on 08/30/2000 10:43 AM
---------------------------

Dave Scott
08/30/2000 10:42 AM
To: FOM Direct
cc: FOM cc
Subject: Sept. FOM Requirements

Hopefully this is the final version for September FOM volumes.  See the
comments dated 8/30/00 identifying the changes.

Call me at 713-345-7692 if you have questions.

David


http://www.thestreet.com/pf/markets/detox/10000506.html

Trade Winds Blowing Enron Further South
By Peter Eavis <mailto:peavis@thestreet.com>
Senior Columnist
08/30/2001 02:45 PM EDT
URL: <http://www.thestreet.com/markets/detox/10000506.html>

Enron (ENE:NYSE - news - commentary) appears to be relying on asset sales to offset weakness in its high-profile energy trading operation.
A billion-dollar sale of power plants likely made a hefty contribution to the energy giant's second-quarter profits, which are supposed to owe their rapid growth to the company's well-publicized trading acumen. A smaller sale of impaired assets to an affiliate company also may have helped nudge second-quarter numbers past Wall Street earnings estimates. One energy market source alleges the price tag on this deal was inflated. Complicating matters, Enron's financials make it difficult to determine exactly how much these deals may have contributed to earnings.
For its part, Enron flatly denies that it used one-time gains to meet estimates or that the price of the impaired-assets sale was inflated. But dependence on asset sales would mark a big step backwards for Houston-based Enron, which has long told investors that trading is its future. By shrewdly capturing a dominant position in the nation's fast-growing energy market, Enron has expanded trading profits exponentially over the last couple of years. Operating earnings from trading surged 160% in 2000 to $1.6 billion, causing the stock to double.
Now there's chatter that Enron's swashbuckling traders were caught out by the second quarter's unexpected drop in the prices of power and other energy commodities. In addition, the company booked a large loss in its broadband unit. If asset sales can't be repeated and trading income weakens, earnings could crater, observers say, which could pull Enron's already battered stock down even lower.
In fact, fear that Enron's prodigious profits growth won't be sustained is the chief reason its stock price has dropped by half this year. Other factors have contributed as well: Investor dissatisfaction over Enron's opaque and confusing financial statements have risen throughout the year, and earlier this month CEO Jeff Skilling quit after only six months on the job. Skilling's departure sparked all sorts of dark theories about the real reason for his sudden move.
Enron Chairman Ken Lay, who has now reassumed the CEO post, said this week that he aims to improve Enron's disclosure. He has moved to allay concerns over top-level instability by promoting two experienced Enron executives to the positions of president, also vacated by Skilling, and vice chairman.
But skeptics remain unconvinced. "I think the second-quarter performance was bad in the trading operations and was covered up by asset sales," says Mark Roberts, director of research at Off Wall Street, a Cambridge, Mass.-based stock analysis firm that doesn't do underwriting. (Off Wall Street issued a critical report on Enron in May.) For the quarter, Enron made 45 cents a share, 3 cents more than analysts had expected.
Details, Details
One transaction investors want details on is the sale by Enron North America of three gas-fired power plants to Allegheny Energy Supply, a unit of Allegheny Energy (AYE:NYSE - news - commentary) , Hagerstown, Md. The deal took place in May for a price of $1.05 billion, according to Allegheny's recent Securities and Exchange Commission disclosures. (Allegheny declined to comment on the deal.)
Enron's second-quarter earnings got a huge boost from the sale of these three so-called peaker plants, says Roberts. He believes the gain on the sale may have been as high as $500 million. An energy company analyst at a Wall Street brokerage thinks it may have been closer to $300 million. (His firm hasn't done recent underwriting for Enron.)
Enron's financial statements don't specify the size of the gain from the peakers, so called because they supply power when demand is strong. The company declines to offer a number, saying the gain figure is hard to isolate because it must be netted against gains or losses on contracts associated with the assets sold.
However, Enron's public disclosure states that proceeds from the sale are included in its commodity sales-and-services line, which is by far the biggest contributor to Enron's earnings, producing $762 million in operating profits in the second quarter.
The problem is that the firm's trading profits also are booked in this segment. As a result, investors can't know how much of the quarter's blowout commodity sales-and-services earnings came from the peaker sale and how much from straight trading. If Roberts' $500 million estimate is correct, trading may have accounted for only $262 million in second-quarter operating profit.
Partners Indeed
The other deal that's raising eyebrows is the sale in June by Enron of Texas-based assets that are used to produce MTBE (methyl tertiary-butyl ether), the chemical compound added to gasoline to make it burn more efficiently.
The assets were sold for $120 million by one subsidiary of Enron to another subsidiary, called EOTT Energy Partners (EOT:NYSE - news - commentary) , chiefly a marketer and transporter of crude oil. Any gain on the sale would have been booked in Enron's wholesale line.
The issues with the deal are plenty. It took place on June 30, right at the end of the second quarter. This could be construed as a sign that Enron pressed EOTT to do the deal then so it could include any gain in second-quarter results.
Then there's the question of price. Enron took a $440 million impairment charge against these MTBE assets at the end of 1999, responding to what it described at the time as "significant changes in state and federal rules regarding the use of MTBE." Some environmental authorities believe MTBE to be a dangerous substance and claim the MTBE content in drinking water has reached unacceptably high levels.
Skeptics ask: How can Enron turn around 18 months after a massive impairment charge and sell the assets for $120 million?
In addition, an executive at another energy company that talked to Enron about buying the MTBE assets claims they're worth $50 million at most; he claims Enron has long been trying to sell them for around $150 million.
Put bluntly, did Enron stuff EOTT with overpriced assets to meet earnings expectations?
An Enron spokeswoman responds: "EOTT views buying these assets as an expansion from its core business. It makes good business sense."
And a recent EOTT SEC disclosure states that EOTT's audit committee, made up of three directors who aren't employees or officers of any Enron affiliate, as well as an investment bank, judged the sale price to be fair. However, the chairman of the audit committee, Daniel Whitty, is a director for two other Enron subsidiaries. He declined to comment on the deal.
A person familiar with Enron's business adds that it was EOTT that wanted to get the deal done before the end of the second quarter so it could include the assets in third-quarter numbers.
This person also says the gain was "immaterial" to Enron's second-quarter numbers, since there wasn't a big difference between the fair value the assets were marked down to and the price at which they were sold. Most important, this person insists, the $120 million price isn't based only on the assets sold. EOTT is also paying for a contract with Enron that gives EOTT 10 years' worth of MTBE-related business. What's more, Enron has agreed to retain the price risk associated with the commodities involved in MTBE production, this person states.
Whatever the case with the MTBE assets, Enron would go a long way toward fulfilling Lay's promises of glasnost by breaking out asset-sale gains. "They need to put their disclosure where their mouth is," concludes Off Wall Street's Roberts.

Know any companies that the market may be misvaluing? Detox would like to hear about them. Please send all feedback to peavis@thestreet.com <mailto:peavis@thestreet.com>.
In keeping with TSC's editorial policy, Peter Eavis doesn't own or short individual stocks. He also doesn't invest in hedge funds or other private investment partnerships.


Tana,
Please send an NDA (re-broker client) to:

Tony Poolcastro
10333 Harwin, Suite  330
Houston, Texas  77036
tonyp@elite.net
713-484-7126

Thanks,

Dan


Please see the attached.

This is a confirmation for SATURDAY INTERVIEWS ONLY.  If you volunteered for
Friday night dinner as well, notification will be sent via email by end of
work day Wednesday regarding your FRIDAY NIGHT DINNER participation.

Please feel free to contact me with any questions.

Thank you
Shelly Jones
ext. 3-0943


My comments on the fax --

Sec 1 is horrific in that it tells new generation that they must offer their
energy to the DWR at "just and reasonable cost base price".   First, this
sends the wrong signal to developers.  Second, I have no idea what a J&R cost
based "price" is?  Who determines this?  Finally, Sec 2 would require that
all generation in the state has to provide a maintenance schedule to the PUC
- why?  What happens if an unplanned outage occurs?

This is a bad device that does nothing to 'increase supply or decrease
demand'.

Jim


likely to go up, but whether it goes up by enough is unclear.  They've got a
very long way to go if they hope to keep the IOUs from filing Chapter 11.


Hi Sara:

Below is an example of language we are currently using for common pricing.
We have been tailoring the language for each deal to specify which indices
the deals are priced on, however, we would like to have language that is
generic (i.e. Pricing to be effective only on the days when the applicable
indices are published, etc.).  Will you help us develop language for this?
Thank you!

Common Pricing:

Pricing to be effective only on the days when both the IPE is open and Platts
publish their dated Brent assessment.


In the wake of Tuesday's tragic events, from which we are all still reeling,
we are temporarily suspending our Eyeforenergy subscriber services.

We would like to take this opportunity to convey our deepest condolences to
all of our friends in the energy community who have lost friends, colleagues
or loved ones as a result of this terrible disaster, and our thoughts are
with you.

The Eyeforenergy team.


Please recall the following contracts effective 2/24/2001

VNG  k# Offer #  ENA k#
100007  15002  523666
100104  15003  523664
200088  15004  523667
700005  15008  571492

I think this is all.


PROCESSING

None...

TENDERED

27821	Cinergy	2/1-2/28/02		5,000/d	Cen Pool to Topock	Negotiating 2/1

OBA	Lone Star	New OBA Agreement Ward RP, Ward DP & LS Pecos	 	Tendered 3/7

GS	Energas	New Gas Sales Agreement				 	Tendered 3/11

100001	Tenaska	4/1/02-5/31/02	5,000/d	W Tex to WS Ward	EXECUTED

27600	Bass Enter	Extend to 5/31/03	2,500/d	Crawford to Valero	Tendered 3/14

27579	Duke Energy	Eff 3/15		20,000/d	Swap RP Vols		EXECUTED


Take the variance for 0006 lone liq - $31K
PL


Daren,
I get a Labor Distribution report and show that Kenneth Seaman is showing as
being active for payperiod 1 and 2 in February.  If he was not here for this
time period please verify that you are not being charged any payroll dollars
for him.
Lisa


Joseph Step !

Wishing you a very Merry Christmas !!
I don't know if you work all day or what your situation is, but do not spend
Christmas by yourself...your Mother would hate me !!!
No !  I'm not going to give or sell you my car !!!!!!!!!!

T.


Haas NewsWire
June 11, 2001

CONTENTS

Financial Times Ranks Haas Executive Education Custom Programs Best in the
West
Warren Hellman to Speak on the Nasdaq at the Business Forecast Luncheon
Sun Microsystems Chooses Haas for Lessons in High-Tech Marketing
Haas in the News?
Happening at Haas??????????????????????????????????????????????
Haas Celebrations

FINANCIAL TIMES RANKS HAAS EXECUTIVE EDUCATION CUSTOM PROGRAMS BEST IN THE
WEST
 The Haas School's Center for Executive Development (CED) offers the tenth
best custom enrollment programs in the US, according to the executive
education rankings published in the Financial Times on June 4, 2001. Haas was
the top school west of the Mississippi in terms of executive custom programs.

The top ten US custom programs included Duke, Northwestern, Harvard Business
School, Wharton, University of Michigan, Darden, UNC Kenan Flagler, Babson
College, Cranfield School of Management, and, of course, Haas. Columbia
Business School ranked first.

The same ranking named CED's custom programs 17th in the world and the second
best in the world with regard to whether its programs fulfill participants'
and corporate purchasers' aims. With regard to follow-up with the customers
after completion of the program, Haas ranked fourth.

"We are very encouraged with this showing," said Paul Stames, assistant dean
for Executive Learning at Haas. "For the past two years we have concentrated
our efforts toward increasing custom programs for client companies and this
strategy is paying off. We're very pleased that our clients are so satisfied
with our programs. We went from not making the ranking pool last year to
placing #10 in the US."

The Financial Times ranked schools that do more than $2 million of business
in two categories: custom programs and open enrollment programs. CED ranked
only in the custom programs category.

The custom programs ranking was based on responses from two questionnaires:
one completed by purchasers of custom programs (which accounts for 80% of the
total score) and one completed by business schools.

For more details on the ranking, visit the Financial Times web site at:
http://career.ft.com/ft/gx.cgi/ftc?pagename=View&c=Collection&cid=FTD4PPTW1MC&
live=true.

WARREN HELLMAN TO SPEAK ON THE NASDAQ AT THE BUSINESS FORECAST LUNCHEON
 Financier F. Warren Hellman, BA 55, will share his formidable investment
knowledge with alumni and friends at the Haas School's 2001 Business Forecast
Luncheon on June 14 in San Francisco.? Having just paid $240 million for a
10% share in the Nasdaq Stock Market, Hellman will speak on the timely topic
of,? "NASDAQ's Strategic Restructuring into a Private, For-Profit Securities
Market."

Hellman co-founded San Francisco-based Hellman & Friedman LLC 15 years ago
and serves as the firm's chairman. Hellman & Friedman has raised and managed
over $4.8 billion in capital and invested in 42 companies. Business Week
called Hellman the Jimmy Buffet of the West Coast in an article on his
investing prowess. He is known for orchestrating the massive deal that took
Levi Strauss private in 1985. Hellman currently has large investments in Levi
Strauss & Co., D.N.& E. Walter & Co., and Il Fornaio (America) Corp.

Prior to founding this firm, Hellman was a founder and/or partner at Hellman,
Ferri Investment Associates; Matrix Management Company; Matrix II Management
Company; and Lehman Brothers.? At Lehman Brothers, he served as president and
head of the Investment Banking Division, as well as chairman of Lehman
Corporation (a closed-end investment company). At age 26, Hellman became
Lehman's youngest partner ever.

Known for his physical intensity, Hellman runs 100-mile ultramarathons and
does endurance horseback riding. He is also very involved in the San
Francisco Free Clinic, serves as chairman of the San Francisco Foundation,
and is a member of the Haas School's Advisory Board. He proudly wears his
commitment to life and work on his sleeve: he has tattoos of his horse and
his company logo adorning his arm and leg.

The Business Forecast Luncheon takes place, Thursday from 11:30 a.m. to 1:30
p.m. at the City Club, located at 155 Sansome Street, 10th Floor, San
Francisco. Registration is $35 for recent graduates (1995-2001) and $45 for
other Haas alumni. Online registration is available at
www.haas.berkeley.edu/alumni. For more information, contact the Haas School
Alumni Relations Office at 510-642-7790 or e-mail alumni@haas.berkeley.edu.

SUN MICROSYSTEMS CHOOSES HAAS FOR LESSONS IN HIGH-TECH MARKETING
 The Center for Executive Development welcomed representatives from Sun
Microsystems' division in the Netherlands to a half-day program today at the
Haas School. The program participants include the firm's executives and its
top clients from Holland, including executives from CMG, EDS, GE Access, Cap
Gemini, and Ernst & Young.?

The program, "Entrepreneurial Leadership in a Competitive IT Sales
Environment," is designed to meet the needs of three different types of
participants: distributors, systems integrators, and value added resellers.
Russell Winer, the J. Gary Shansby Professor of Marketing Strategy, is
presenting a session on "Channels Management in the Era of the Internet."
Drew Isaacs, executive director of the Management of Technology Program, is
presenting a session on new venture marketing.

For information on custom executive programs at Haas, please contact the
Center for Executive Development at 510-642-4735 or via e-mail at
execdev@haas.berkeley.edu.

HAAS IN THE NEWS
 An interview with Hal Varian, dean of the School of Information Management
and Systems and Haas professor, was featured in the June 11 issue of Fortune
Magazine. "Okay, Now What?" profiled four thinkers on their view of the
economy.

Sea Power & Associates, the winners of the Social Venture Competition, was
profiled in the Contra Costa Times on June 10. Read the full text at
http://www.contracostatimes.com/cgi-bin/emailfriend/emailfriend.cgi?mode=print
&doc=http://www.contracostatimes.com/news/stories_news/waves_20010610.htm.

Dwight Jaffee, professor of banking and finance and co-chair of the Fisher
Center for Real Estate and Urban Economics, and Ken Rosen, the California
State Professor of Real Estate and Urban Economics and chairman of the Fisher
Center for Real Estate and Urban Economics, were featured on the front page
of the real estate section of the San Francisco Business Times June 8 - 14
issue.?

Jaffee and California Economist Cynthia Kroll, were quoted in the San
Francisco Chronicle on June 3. The article quoted their recent report on the
state of the California economy.

A column by Varian appeared in The New York Times on May 31, on reasons to be
wary of privatizing Social Security.

Carl Shapiro, theTransamerica Professor of Business Strategy and the director
of the Institute of Business and Economics Research, was mentioned in the Los
Angeles Times on May 29 in connection with General Electric's plans to
purchase Honeywell International.

Rosen was quoted in the San Francisco Chronicle on May 28, commenting that
Bay Area real estate market has returned to reality.

The San Francisco Business Times featured Rosen in their May 25 issue in the
article "Rosen: The economic hangover has just begun".? Read at
http://sanfrancisco.bcentral/sanfrancisco/stories/2001/05/28/newscolumn5.html

Dean Laura D'Andrea Tyson was quoted in Business Week "Financial Education
for Undergrads" on May 21.? Read the text at
http://www.businessweek.com/magazine/content/01_21/b3733133.htm

Jonathan Berk, associate professor of finance, and Rich Lyons, professor in
the Haas Economic Analysis and Policy Group and the Haas Finance Group, were
quoted in the Contra Costa Times on May 21 in an article on Sybase Inc.'s
jump from the Nasdaq to the New York Stock Exchange.

Tyson comments to the Silicon Forum were covered in Upside.com on May 21.

Sea Power, winner of this years' Social Venture Competition, was profiled in
Business Week article "Ocean Notion" on May 21.

Abby Scott, director of the Haas School Career Center, was quoted in the San
Francisco Chronicle article, "Job market isn't all bleak for Class of 2001"
on May 20.? Read the text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/05/20/A
W206271.DTL

Andrew Rose's research was mentioned in the National Post article "U.S.
Dollar could lift our economy 37%" on May 19.

Paul Tiffany was quoted in the San Francisco Chronicle article "The power
behind POWER" on May 16.?  Read the text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/05/16/B
U199770.DTL

Sea Power & Associates was featured in Oakland Tribune on May 16.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business
Administration, was quoted on the Federal Reserves rate cuts in Market News
International article "Latest Fed Rate Cut Welcomed by Most, Questioned by
others" on May 15.

Paul Gertler, professor and faculty director of the Graduate Program in
Health Services Management, was quoted in the San Francisco Chronicle on May
9. Read the full text at
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/05/09/B
U166480.DTL&type=printable ? Severin Borenstein, E.T. Grether Professor in
Public Policy and Business Administration, has been quoted extensively in the
media on the California Energy Crisis.  Fortune Magazine, June 11, "Is Dick
Cheney the New Hillary?" Los Angeles Times, June 10,
http://www.latimes.com/news/columns/king/20010609/t000048506.html San
Francisco Chronicle, June 10,
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/10/MN19676.DTLSan
Diego Union Tribune, June 8,
http://www.signonsandiego.com/news/uniontrib/fri/metro/news_7m8puc.html
National Public Radio, June 8 Los Angeles Times, June 7,
http://www.latimes.com/editions/ventura/calendar/20010607/t000047628.html San
Francisco Chronicle, June 7,
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/06/07/M
N177308.DTL The Press-Enterprise, June 7  CBS Evening New, June 6,
http://www.cbsnews.com/now/story/0,1597,295277-412,00.shtml Los Angeles
Times, June 6,  http://www.latimes.com/news/state/20010606/t000047237.html
The New York Times, June 5,? "Natural Gas Prices High in Southern California"
The New York Times, June 3, "Econ 101: It's Right and It's Wrong" San
Francisco Chronicle, May 17,
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/05/17/M
N88959.DTL The New York Times, May 18, "In the State of Power, Scant Praise
for Bush Plan"  The New York Times, May 18, "Energy Executives Like
proposals; outside experts see less need for action" NPR, May 19, "Prices for
Natural Gas and electricity in California Remain High, and further Rate hikes
May be Necessary"

HAPPENING AT HAAS

ALUMNI EVENTS
Alumni Presentation and Book-Signing"A New Brand of Expertise: How
Independent Consultants, Free Agents, and Interim Managers, are Transforming
the World of Work" by Marion McGovern, MBA 85, president and co-founder of
My, Inc. Tuesday, June 19, 2001 8.00 a.m. Lifeprint, 120 Montgomery Street,
Suite 600, San Francisco Under McGovern's leadership, My earned a spot on the
Inc. 500 listing of the fastest growing private companies in America in 1994
to 1997. From 1994 to 1999, M2 has been on the San Francisco Business Times
listings or the "Fastest Growing Companies in the Bay Area" and the "Largest
Women Owned Businesses in the SF Bay Area." To register call 415-274-4700,
ext. 2

The East Bay Chapter of the Haas Alumni Network  Open House at the Harvey
Clars Estate Auction & Gallery. Harvey Clars President Redge Martin, MBA 77,
will explain the auction business and discuss acquisition and appraisal of
auction items. Friday, June 22, 2001  6:30 p.m. to 9:00 p.m.  Location:
Harvey Clars Estate Auction & Gallery, 5644 Telegraph Avenue, Oakland To
reserve your space: RSVP to Debbie at Harvey Clars, 510/428.0100 ext. 104 or
via email to http://ebweb@haas.berkeley.edu This event is free. For more
information about Harvey Clar

 The East Bay Chapter of the Haas Alumni Network  Network and exchange ideas
with fellow East Bay alumni and Haas students on the first Thursday of every
month. July 5, 2001  7:30 p.m. to 9:30 p.m.  Location: Pyramid Brewery, 901
Gilman Street at Eighth Street in Berkeley. Contact and Phone: Bill Vederman,
East Bay Chapter President or via email at? http://vederman@alumni.haas.org.

 Singapore Monthly Meeting Meetings for Haas alumni are held last Tuesday of
each month.  Tuesday, July 31, 2001  7:00 p.m. to 9:00 p.m.  Location: Bar &
Billiard Room, Raffles Hotels, Singapore No RSVP is required. Contact and
Phone Dirk Hofer +65-98191039 or via email dirk@strategytools.com.

HAAS CELEBRATIONS
 BIRTHDAYS Tenny Frost, June 11  Kim Guilfoyle, June 11  Mohammed Shamma,
June 12 Laura Gardner, June 14 Sue McCormack, June 15A Carole Wilson, June 16
Jean Thomma, June 22 Laura Tyson, June 28 Jerrald W. Stone, July 2 Linda
Coffee, July 5 Kathleen Valerio, July 6 Julie Ito, July 7 Galina Volkona,
July 7

The Haas NewsWire respects the wishes of staff and faculty who would not like
their birthdays announced. Please e-mail a request to have your birthday
marked "do not announce" on the central birthday list to
Haasnews@haas.berkeley.edu.

The Haas NewsWire is the electronic news weekly for the Haas community
published every Monday by the Marketing and Communications Office at the Haas
School. Send your news, feedback, and suggestions to
Haasnews@haas.berkeley.edu. To subscribe to Haas NewsWire, address e-mail to
majordomo@haas.berkeley.edu; in the body of the message type "subscribe
haasnewswire" in the first line, and "end" in the second line. To unsubscribe
to HNW, type "unsubscribe haasnewswire" in the first line, and "end" in the
second line. Archived issues of Haas NewsWire are available online at
http://www.haas.berkeley.edu/groups/newspubs/haasnews/archives/hncurrent.html
.


It should read Energy West Incorporated, but our info shows that they are
headquartered and incorporated in Montana.  Please let me know if this
differs from your perspective; thanks.

WG

 -----Original Message-----
From:  Jones, Tana
Sent: Tuesday, March 06, 2001 10:50 AM
To: Guidroz, Walter; Moran, Tom
Subject: Energy West Inc.

We have a master swap agreement in place with Energy West Incorporated, a
CANADA corporation.  Your list shows "Inc." instead of "Incorporated", and
that it is a US corporation.  Is this the same counterparty?


Thanks for the update - the fax came in and was delivered to Jeff Hodge by
mistake - I'll leave it at your desk.

	Holly Keiser@ENRON_DEVELOPMENT
	01/12/2001 04:53 PM

		 To: Mark.Taylor@enron.com
		 cc:
		 Subject: CLE Credits

Mark:

I called the State Bar of Texas to reconfirm the hours shown on your
statement.  I was told you were in total compliance for 2000.  The Bar will
be sending me an updated fax confirming that information.

Thanks!
Holly

Have a good weekend and holiday!


Talk with Mary McKendrey (may be spelled wrong), or Pam Butler in corporate
comp.

	Trey Cash@ENRON
	05/15/2000 02:52 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Question

Can you remind me who handles the AESOP information -- I will be passing the
name on to Peggy Determeyer, as noted below.

L, T
---------------------- Forwarded by Trey Cash/Corp/Enron on 05/15/2000 02:48
PM ---------------------------

Peggy Determeyer
05/15/2000 01:45 PM
To: Trey Cash/Corp/Enron@Enron
cc:

Subject: Question

Do you have the name and phone number of the person who handles the options?
I checked my statement, and no options were credited for yearend 1999.

Thanks,
Peggy


Just so I'm clear, you will keep all dec physical positions until NX1?

Kam

 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Tuesday, November 20, 2001 6:07 PM
To:	Keiser, Kam; Jones, Monte
Cc:	Adams, Jacqueline P.; Allen, Phillip K.; Brewer, Stacey J.; Christiansen, Suzanne; Ermis, Frank; Fernandez, Justin; Gay, Randall L.; Groenewold, Shannon; Heu, Mog; Holst, Keith; Huang, Jason; Kuykendall, Tori; Lenhart, Matthew; Lisk, Daniel; McCarroll, Zachary; Mendel, Shelly; O'Conner, John; Reitmeyer, Jay; Schoene, Benjamin; Scott, Susan M.; Smith, Matt; South, Steven P.; Spiegelhauer, Walter; Sullivan, Patti; Tholt, Jane M.; Tycholiz, Barry; Wilkes, Corey; Wolfe, Jason
Subject:	DEC physical

We will hold off transferring any physical positions desk to desk until the end of bidweek.  After NX1, we will transfer positions at a daily EOL Index mid price.  Please monitor my book and others to make certain DEC deals are not being transferred prior to NX1 at an IF monthly or GD daily mid price.

Thanks,

Mike


What library/information services do you need or want to support your
studies here at Haas?

I'd like to make the EvMBA information services a lot better, but I need
your input.

Rather than conduct a survey that would limit your thinking, I'd like to
challenge you to provide me with constructive criticism of the current
EvMBA library services as well as directions and ideas for where to go
from here.

Please don't limit yourself to the 'library' box! Be creative! Surprise
me!

Thanks!

Sue the Librarian

P.S. Some of the issues you might/might not want to address are:

 information resources
  library
  online
  missing
 assistance
  research
  other
 training
 facilities
 access/hours
 other services
  cooperative programs
  document delivery


-----Original Message-----
From: 	Herndon, Rogers
Sent:	Friday, September 28, 2001 4:38 PM
To:	Presto, Kevin M.; Woulfe, Greg; Sturm, Fletcher J.; Benson, Robert; Lavorato, John
Subject:	FW: Ass-Kicking Anyone?

Guys - check out the link at the bottom - awesome!  I am going to buy a few of these for gifts around the office.

Rogers

 -----Original Message-----
From: 	Aucoin, Berney C.
Sent:	Friday, September 28, 2001 4:26 PM
To:	Herndon, Rogers
Subject:	FW: Ass-Kicking Anyone?

 -----Original Message-----
From: 	Jones, Oliver
Sent:	Friday, September 28, 2001 2:11 PM
To:	Lenig, Chris; Aucoin, Berney C.
Subject:	FW: Ass-Kicking Anyone?

look at link below

 -----Original Message-----
From: 	Ahn, Chris
Sent:	Friday, September 28, 2001 2:04 PM
To:	Jones, Oliver
Subject:	FW: Ass-Kicking Anyone?

Check out Steve Swain's response to my email to him!

 -----Original Message-----
From: 	Swain, Steve
Sent:	Friday, September 28, 2001 1:49 PM
To:	Ahn, Chris
Subject:	RE: Ass-Kicking Anyone?

I wonder if the guy sells gift certificates.  I know a few folks I'd like to shop for.

Hey, Starwood looks fine.  Anything else?

>  -----Original Message-----
> From: 	Ahn, Chris
> Sent:	Friday, September 28, 2001 11:38 AM
> To:	Perry, Todd; Swain, Steve; Richter, Jeff
> Subject:	re: Ass-Kicking Anyone?
>
> Project Phoenix in Houston is on the offer--I assume you guys are too!
>
>  -----Original Message-----
> From: 	Cavazos, Brandon
> Sent:	Friday, September 28, 2001 1:23 PM
> To:	Alfredda Magellan White Jr. (E-mail); Wilson, Andrew;
> Beverly Hillenbrand (E-mail); Ruiz, Carlos; Ahn, Chris;
> Chenoweth, Christopher; Ferrell, Daniel; Seaworth, Douglas;
> Moreno, Douglas V.; Rios, Jason; Jeannine Merrill (E-mail);
> Jeff Lee (E-mail); Joel Cummings (E-mail); Thompson, Justyn;
> Kels Farmer (E-mail); Mark Merrill (E-mail); Schiller,
> Marsha; Mike Labbe (E-mail); Nathan Merrill (E-mail); Paul
> Botros (E-mail); Richard Chiang (E-mail); Griffin, Scott;
> Plauche, Stephen
> Subject:	FW: this is funny
>
> So funny, and actually real.
>
> Brandon Cavazos
> ENA-Power Structuring
> 713-345-3335
> brandon.cavazos@enron.com
>
>  -----Original Message-----
> From: 	Hamlin, Mason
> Sent:	Friday, September 28, 2001 1:18 PM
> To:	Cavazos, Brandon; Lewis, Barry; Hiemstra, Nick
> Subject:	FW: this is funny
>
>
>
>
> http://home.houston.rr.com/surrenderownz/auction.htm


This note is to acknowledge that both of the Peabody entities that currently
trade on EOL (Peabody CoalSales and Peabody COALTRADE, Inc.) have been taken
down to zero threshold for all products.  In addition, they will no longer
have viewing rights either until this dispute is resolved.  Thanks.

Walter

From: Tana Jones@ECT on 02/22/2001 09:41 AM
To: Tom Moran/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT
cc: Wayne Gresham/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT

Subject: Peabody Coal Sales

Per Wayne Gresham, a lawyer in the coal group, we are having a substantial
payment dispute with the referenced counterparty, and George McClellan, the
business person (and a Managing Director), would like to shut them down
immediately for all trading (which appears to be coal and emissions), offline
and online, until this payment dispute is resolved.


First and most important, for those of you that have room reservations at The
Woodlands Resort and Conference Center, if you have any changes that need to
be made or have decided NOT to stay, I need to know immediately so that we
can cancel and are not charged for those rooms.
Please call me directly and do not contact The Woodlands Resort.  Please see
the "revised" Agenda and review the Rooming List for accuracy and advise of
any corrections at this time.

Geriann Warner and I will be out at the Woodlands for the March 9th meeting
only.  We will be in the office on Thursday if anyone needs assistance.
Please have your presentation to me by Thursday for those of you who are
giving presentations.  If we need to make copies of your presentation, please
advise as well.  Eric Benson will be present for the March 8th meeting.
Again, the location of the meeting will be:
The Woodlands Resort
2301 North Millbend Drive
The Woodlands, TX  77380
Phone# 281-367-1100
Fax# 281-364-6274
Check-In time is 3:00pm
Check-Out time is 12:00pm

The Woodlands Resort provides transportation service to and from the airport
on a scheduled basis from 6:00am - 10:00pm at a cost of $32.00 per person,
per trip.  Reservations must be made a minimum of 24 hours in advance for
both arrivals and departures.  If you have an interest in using this service,
please call the resort directly.
MAP:


---------------------- Forwarded by Scott Neal/HOU/ECT on 06/13/2000 01:21 PM
---------------------------

Kenny J Soignet
06/07/2000 01:05 PM
To: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Julie A Gomez/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect,
Joseph Hrgovcic/HOU/ECT@ECT, Calvin Johnson/CAL/ECT@ECT, Heather
Kendall/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT,
Scott Neal/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Kenny J
Soignet/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Denae Umbower/HOU/ECT@ECT,
Paul T Lucci/DEN/ECT@Enron, Chris H Foster/HOU/ECT@ECT, Fred
Lagrasta/HOU/ECT@ECT, Michael Cowan/CAL/ECT@ECT, Patricia Tlapek/HOU/ECT@ECT,
Chris Connelly/LON/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Daniel
Diamond/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT,
Nicole La/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT,
Brian Hoskins/HOU/ECT@ECT, Adam Wais/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Marc Horowitz/HOU/ECT@ECT, Robert
Shiring/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect
cc:
Subject: AGA for 6/2/00 is 78

AGA for 6/2/00 is 78


Howard,

Sorry for the delay.

I shall be able to get back to you next week. A very interesting new research
idea came up
and we have to close a few loops internally.

Vince

"Kunreuther, Howard" <kunreuth@wharton.upenn.edu> on 04/05/2001 08:42:44 PM
To: "Kaminski (E-mail)" <vkamins@enron.com>
cc: "Kleindorfer, Paul" <kleindorfer@wharton.upenn.edu>
Subject: Status of Enron Project

Hi Vince:

Just a short note to indicate that we have not heard received any information
from your group since our discussion at Wharton in February. We look forward
to get some information on what issues you would like us to spend some time
thinking about.

Hope all is well.

Regards,

Howard

 Howard Kunreuther
Cecilia Yen Koo Professor of Decisions Sciences and Public Policy
Chairperson   Operations and Information Management Department
1326 Steinberg Hall-Dietrich Hall
Wharton School
University of Pennsylvania
Philadelphia, PA 19104-6366
Phone:215-898-4589
FAX:215-573-2130
Email:kunreuth@wharton.upenn.edu


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/21/2001
03:57 PM ---------------------------

"Jeff Smith" <jsmith@austintx.com> on 02/21/2001 01:24:15 PM
To: <Phillip.K.Allen@enron.com>
cc:
Subject: leander and the Stage

Phillip,

I spoke with AMF's broker today, and they will be satisfied with the deal if
we can get the school to agree to limit the current land use restrictions to
the terms that are in the existing agreement.  They do not want the school
to come back at a later date for something different.  Doug Bell will meet
with a school official on Monday to see what their thoughts are about the
subject.  It would be hard for them to change the current agreement, but AMF
wants something in writing to that effect.  I spoke to AMF's attorney today,
and explained the situation.  They are OK with deal if AMF is satisfied.

AMF's broker said that they will be ready to submit their site plan after
the March 29 hearing.  We may close this deal in April.

The Stage is still on go.  An assumption package has been sent to the buyer,
and I have overnighted a copy of the contract and a description of the
details to Wayne McCoy.

I will be gone Thurs. and Fri. of this week.  I will be checking my
messages.

Jeff Smith
The Smith Company
2714 Bee Cave Road, Suite 100-D
Austin, Texas? 78746
512-732-0009
512-732-0010 fax
512-751-9728 mobile


CALENDAR ENTRY:	APPOINTMENT

Description:
	Shona Wilson, Chris Abel re: Rac Risk Rep. EB3271

Date:		10/9/2000
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Hey Bruce,

Thanks for the chance to meet you and the people you work with.  I was just wondering where we are at now.  If you get a chance, either e-mail me or give me a call.

Thanks again,

Sean


It is Tod Sorenson @ 713-780-9770

 -----Original Message-----
From: 	raquel.nunes-thomas@us.abb.com@ENRON [mailto:IMCEANOTES-raquel+2Enunes-thomas+40us+2Eabb+2Ecom+40ENRON@ENRON.com]
Sent:	Tuesday, October 02, 2001 9:26 AM
To:	Thomas, Paul D.
Subject:	Louis Shanks

Do you have Tod's number? I wanna knoe the status of our sofa


With the extension of the PRC to all organizations, questions have arisen
about the results of this process. This memo provides some details about the
PRC process.

First some context:  The key to Enron,s success is the increasing quality and
dedication of our talent.  As we continue to attract and retain the very best
people, we all have continued to raise the performance bar throughout the
organization.  At the core of our system are the following principles:

? Hire the best people.
? Provide challenging opportunities.
? Pay well ( and pay for performance (with bonuses based on merit, not
entitlement).
? Evaluate performance through a rigorous review process.
? Provide clear feedback and direction to employees.

The PRC is a critical component of our performance management system.  The
PRC is built on this foundation:

? 360 degree performance feedback.
? Review by a broad group, not just the supervisor.
? A relative ranking of performance across Enron to determine promotions and
to allocate bonus money.

In addition to understanding this broad philosophy, we all need to understand
the following details:

? Relative ranking.  Enron uses the descriptors &superior8, &excellent8,
&strong8, "satisfactory", &needs improvement8, and &issues8 to group all
employees.  This year, &relative to his/her peers8 precedes each of these
descriptors. This qualifier confirms what we have done and will continue to
do in practice; that is, evaluate individual performers against their peers.
It is possible, therefore, for someone to perform at the same or higher level
compared to prior periods, yet receive a lower rating for the current period
if other employees, performance raised the bar.
? Teamwork.  A relative ranking may invite the view that for one employee to
gain, others must suffer.  However, feedback is explicitly solicited on
teamwork when evaluating each individual,s performance.  Anyone who attempts
to gain by withholding information or refusing to collaborate with others in
the organization will suffer in a relative ranking on this key performance
criterion.
? Preferred distribution. In large part, the quality of our workforce has
been driven by our willingness to make tough decisions. We have consistently
captured business opportunities and overcome obstacles because we have made
the choices that had to be made in order to constantly improve our employee
talent base. The preferred distribution (5% superior, 30% excellent, 30%
strong, 20% satisfactory, and 15% needs improvement or issues) forces PRC
committee members to identify those who must improve in order to remain at
Enron as well as to single out top talent for special recognition. There is
some flexibility in the system, but every organization must ultimately face
this difficult question: have we achieved the highest level of performance or
are there still improvements that must be made? Few, if any, organizations
adhere exactly to the preferred distribution. Rather, they exercise informed
discretion in the individual categories and meet a distribution that reflects
their groups, overall effectiveness and need for improvement.
? Communicating Ratings. Everyone rated &satisfactory8 or below should know
his/her rating. Each organization has determined for itself whether to
communicate ratings of &strong8 and above.  In all cases, employees will
receive feedback about their performance against expectations, areas of
success, and areas that need improvement.

We hope this answers most of your questions about the PRC process.  We would
like your feedback and ideas on how to improve the PRC process going
forward.  Therefore, we will be conducting an eSpeak in the near future, and
there will be other methods we will create to let us know what you think.  In
the meantime, please feel free to consult with your HR Generalist if you have
any immediate questions, comments, or concerns.


Mercury News, 7/3: Blackout hits Las Vegas

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

Blackout hits Las Vegas as number 120 comes up
And California calls its first power alert since May as the mercury soars.
July 3, 2001
From staff and news service reports
Las Vegas suffered its first rolling blackout ever Monday as soaring
temperatures and churning air conditioners outstripped the local utility's
ability to provide electricity.
Nevada Power Co. cut about 100 megawatts, or enough electricity for 75,000
homes, for about an hour.
Scattered outages were reported around the Las Vegas area, where temperatures
reached 120 degrees. Earlier, the utility asked its major power users,
including the neon-lit resorts on the Las Vegas Strip, for voluntary
reductions. Casinos instituted conservation measures largely not noticeable
by guests.
Meanwhile, in California, high temperatures led the Independent System
Operator to declare an emergency alert for the first time since May 31.
A Stage 1 alert was called at 1:35 p.m. as reserves fell below 7 percent of
demand. The alert was upgraded to a Stage 2 at 2:40 p.m., meaning reserves
fell below 5 percent.
The alert didn't trigger new wholesale price limits under a system recently
ordered by the Federal Energy Regulatory Commission. Under the FERC rules, a
Stage 1 alert must be in effect for a full clock hour (i.e., 2 to 3 p.m.) to
reset the caps, said Stephanie McCorkle, a spokeswoman for the ISO. Since the
Stage 1 was upgraded to Stage 2 before a clock hour passed, that condition
was not met, she said. The cap, designed to prevent price spikes, remains at
$92 a megawatt-hour.


Effective, February 1, 2001, ENW Contractors are required to utilize the SAP/CATS systems to record all time worked.  Each Cost Center Owner is responsible for keeping track of their Contractors' hours on a monthly basis, as well as ensuring Contractor compliance with this mandate.

At the end of each month, ENW Accounting is providing Contractor reporting to Office of the Chair.  However, the accuracy of this report is dependent on Contractors entering their time into SAP.

As a result, going forward, a second "non-compliance" report will be submitted to Office of the Chair on a monthly basis, detailing Contractors not entering their time and the Contractor supervisor.  Please contact Diane Latson (X5-7184) if you believe your contractors are exceptions and should not be entering time.

Contractor Time Entry

Contractors are required to enter their time in eHRonline to one of the following: (1) project numbers, which are called WBS Elements; (2) cost centers, which are associated to a specific department and not a formal project.  It is the Supervisor's responsibility to ensure Contractors are provided with the proper project or cost center coding.

Unlike invoice coding, SAP will only accept a Cost Center or WBS element number for each time entry line.  This means that you cannot enter a Cost Center and a WBS element number on the same line.  SAP will read this information from left to right and will only pick up the first entry.  For example:

		CostCenter		WBS Element
		123456		c.9999.99.99.99

The system will look at this entry and all time will be charged as expense to Cost Center 123456.

Any questions regarding  time entry coding should be directed to ISC HR support x5-4727.


Bummer - I had no idea the USVI wasn't considered part of the US - I'm
assuming when you say "on the way back in" you mean from the USVI to the
mainland since we could try to arrange things to avoid going back to the BVI
while you were with us if that made a difference.

I don't have any leads on a possible stand-in, but don't really want one
either since we've our hearts set on YOU.    Hopefully the lawyer can figure
out a way to speed things up.  As a last resort, maybe we should check with
Greg for a replacement since that's who he'll have to bunk with.  You have to
be reasonably careful about such choices since you will be spending your
holiday in pretty close contact with them.   It may also be a bit late to
find transport to that part of the world; any hope of transferring the ticket
in your name to someone else?

"Bruce Hutt" <bhutt@ankarcapital.com> on 11/05/99 02:50:19 PM
To: Mark Taylor/HOU/ECT@ECT
cc: "Pier, Greg" <gpier@doubleclick.net>
Subject: Re: Cruisin'

Mark

I have just spoken with my lawyer.  Basically, USVI does not work.  I could
be easily "carded" on the way back in.  Apparently, it is well tried and
therefore well patrolled way of entry into the US.

We are going to try and get INS to speed the process, but basically I am in
a difficult position.  I no longer have the first job under which the first
application was submitted, so I cannot call and say I need the travel permit
for business reasons, and although my cheques have been cashed (I think) the
travel permit is delayed somewhere.  I have no news at all on the second
application.

Do you know of anyone that you may want to take along instead?  One or two
spots going....whichever is easiest to fill.

B
-----Original Message-----
From: Mark Taylor <mtaylo1@ect.enron.com>
To: Bruce Hutt <bhutt@ankarcapital.com>
Cc: Pier, Greg <gpier@doubleclick.net>
Date: Friday, November 05, 1999 11:27 AM
Subject: Re: Cruisin'

>
>
>Would it work if we picked you up in the USVI?  I know it's possible to fly
into
>St. Thomas either directly from New York or through San Juan and you could
take
>a ferry to St. John (still part o the USVI) where we could pick you up.
It's a
>bit of a hassle since we have to clear the boat into the US and then back
to the
>BVI but I've done it a couple of times before.  The timing might be
difficult
>since we can't possibly get the boat to St. John before the afternoon of
the
>22nd.  If you're nervous about sailing into the BVI, we could stick around
St.
>John for a few days.  You might check the cruising guide & see what it says
>about the US side of things - places to go/anchor, etc.
>
>
>


> >>
> >> > > > This, from a Canadian newspaper, is worth
>sharing.
> >> > > >
> >> > > > America: The Good Neighbor.
> >> > > >
> >> > > > Widespread but only partial news coverage was
>given recently
>to a
> >> > remarkable
> >> > > > editorial broadcast from Toronto by Gordon
>Sinclair, a
>Canadian
> >> > television
> >> > > > commentator.
> >> > > >
> >> > > >   >>
> >> > > > What follows is
> >> > > > <<  the full text of his trenchant remarks as
>printed in the
> >> > Congressional
> >> > > > Record:
> >> > > >
> >> > > > "This Canadian thinks it is time to speak up
>for the Americans
>as
> >> > the
> >> > most
> >> > > > generous and possibly the least appreciated
>people on all the
> >> > earth.
> >> > > > Germany, Japan and, to a lesser extent,
>Britain and Italy were
> >> > lifted
> >> > out of
> >> > > > the debris of war by the Americans who poured
>in billions of
> >> > dollars and
> >> > > > forgave other billions in debts.  None of
>these countries is
> >> > today
> >> > paying
> >> > > > even the interest on its remaining debts to
>the United States.
> >> > > >
> >> > > > When France was in danger of collapsing in
>1956, it was the
> >> > Americans
> >> > who
> >> > > > propped it up, and their reward was to be
>insulted and
>swindled
> >> > on the
> >> > > > streets of Paris.  I was there.  I saw it.
> >> > > >
> >> > > > When earthquakes hit distant cities, it is
>the United States
>that
> >> > hurries in
> >> > > > to help.  This spring, 59 American
>communities were flattened
>by
> >> > tornadoes.
> >> > > > Nobody helped.
> >> > > >
> >> > > > The Marshall Plan and the Truman Policy
>pumped billions of
> >> > dollars into
> >> > > > discouraged countries.  Now newspapers in
>those countries are
> >> > writing
> >> > > > about the decadent, warmongering Americans.
> >> > > >
> >> > > > I'd like to see just one of those countries
>that is gloating
>over
> >> > the
> >> > erosion
> >> > > > of the United States dollar build its own
>airplane.  Does any
> >> > other
> >> > country
> >> > > > in the world have a plane to equal the Boeing
>Jumbo Jet, the
> >> > Lockheed
> >> > > > Tri-Star, or the Douglas DC10?  If so, why
>don't they fly
>them?
> >> > Why do
> >> > all
> >> > > > the International lines except Russia fly
>American Planes?
> >> > > >
> >> > > > Why does no other land on earth even consider
>putting a man or
> >> > woman on
> >> > the
> >> > > > moon?  You talk about Japanese technocracy,
>and you get
>radios.
> >> > You
> >> > talk
> >> > > > about German technocracy, and you get
>automobiles.
> >> > > >
> >> > > > You talk about American technocracy, and you
>find men on the
>moon
> >> > -- not
> >> > > > once, but several times--and safely home
>again.  You talk
>about
> >> > scandals, and
> >> > > > the Americans put theirs right in the store
>window for
>everybody
> >> > to look
> >> > at.
> >> > > > Even their draft-dodgers are not pursued and
>hounded.  They
>are
> >> > here on
> >> > our
> >> > > > streets, and
> >> > > > most of them, unless they are breaking
>Canadian laws, are
>getting
> >> > American
> >> > > > dollars from ma and pa at home to spend here.
> >> > > >
> >> > > > When the railways of France, Germany and
>India were breaking
>down
> >> > through
> >> > > > age, it was the Americans who rebuilt them.
>When the
> >> > Pennsylvania
> >> > Railroad
> >> > > > and the New York Central went broke, nobody
>loaned them an old
> >> > caboose.
> >> > Both
> >> > > > are
> >> > > > still broke.
> >> > > >
> >> > > > I can name you 5,000 times when the Americans
>raced to the
>help
> >> > of other
> >> > > > people in trouble.  Can you name me even one
>time when someone
> >> > else
> >> > raced to
> >> > > > the Americans in trouble?  I don't think
>there was outside
>help
> >> > even
> >> > during
> >> > > > the San Francisco earthquake.
> >> > > >
> >> > > > Our neighbors have faced it alone, and I'm
>one Canadian who is
> >> > damned
> >> > tired
> >> > > > of hearing them get kicked around. They will
>come out of this
> >> > thing with
> >> > > > their flag high.  And when they do, they are
>entitled to thumb
> >> > their
> >> > nose at
> >> > > > the lands that
> >> > > > are gloating over their present troubles.  I
>hope Canada is
>not
> >> > one of
> >> > those."
> >> > > >
> >> > > > Stand proud, America!
> >> > > >
> >> > > > This is one of the best editorials that I
>have ever read
> >> > regarding the
> >> > United
> >> > > > States.  It is nice that one man realizes it.
>  I only wish
>that
> >> > the rest
> >> > of
> >> > > > the world would realize it.  We are always
>blamed for
>everything,
> >> > and
> >> > never
> >> > > > even get a thank
> >> > > > you for the things we do.  I would hope that
>each of you would
> >> > send this
> >> > to
> >> > > > as many people as you can and emphasize that
>they should send
>it
> >> > to as
> >> > many
> >> > > > of their friends until this letter is sent to
>every person on
>the
> >> > web.
> >> > I am
> >> > > > just a single American that has read this, I
>SURE HOPE THAT A
>LOT
> >> > MORE
> >> > READ
> >> > > > IT SOON.  >>
> >> > > >
> >> > > > <<  Makes you proud to live here doesn't it??
>
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Shopping - Thousands of Stores. Millions of Products.
>http://shopping.yahoo.com/
>
>
>_________________________________________________________
>Do You Yahoo!?
>Get your free @yahoo.com address at http://mail.yahoo.com
>
>

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


I will be taking the next couple of days off.  I will be in town (or on Mt. Hood) and should be reachable by cell phone.  In the event that my cell phone gets turned off (which looks highly likely right now) I will steal my wife's cell phone and can be reached at 503-913-6106.


Greg,

Here are the revised docs containing revisions requested by RBC's counsel and
additional comments made internally (discussed with RBC's counsel).  Also,
there was some discussion regarding an Acknowledgement Agreement and it being
included in the definition of Guaranteed Obligations in the guarantees. Has
that document been finalized,and if so, will it be distributed.

Clement

Guarantees:

,

Opinions:

,

	Greg Johnston@ECT
	09/22/2000 11:47 AM

		 To: Clement Abrams/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
		 cc: Cris Sherman/HOU/ECT@ECT, Brian Kerrigan/HOU/ECT@ECT
		 Subject: Alberta PPA Prepay Transaction

Clement, Sara and Tana, could each of you please e-mail to Cris Sherman as
soon as possible the most recent versions of the documents each of you were
preparing for the prepay transaction with RBC.  I think that amendments were
made yesterday to the documents to account for the bank's comments but those
updated drafts were not distributed once we realized the deal wasn't going to
happen for today.  If you could also please copy Brian and myself with that
e-mail so each of us have the most recent versions for when we revisit the
structure next week.

Thanks

Greg


Attached is the "term sheet" with some suggested revisions (identified by
strikethrough and underlining).  We suggest that you simply call the "late
charges" interest rather than any other term.  This type of business
transaction is exempt from the usury statute in terms of any maximum rate
and thus it is best to make it clear that the late charge is "interest"
rather than something else.  The other changes I made were merely to
clarify the method of calculating the interest on overdue amounts.  I note
the the contract you provided does include a provision for interest on
overdue invoice amounts.  Under the contract, interest is the Citibank
prime rate.  I assume you will set this term sheet up as an amendment to
the agreement.
(See attached file: Payment Delay Term Sheet.doc)

Please contact us if there are any other questions.

Bill Harmon
wjharmon@jonesday.com
312-269-4160
Fax: 312-782-8585

                    Boyd J. Springer
                    Extension 54151      To:     Kay.Mann@enron.com
                                         cc:     gregg.penman@enron.com,
                    11/21/00 11:52         William J. Harmon/JonesDay@JonesDay
                    AM                   Subject:     Re: Peoples Transaction
                                           (Document link: William J. Harmon)

Kay: Bill Harmon from our office (312-269-4160) is reviewing the material
re deferred payment and will get back to you.

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information that may be confidential, be protected by the attorney-client
or other applicable privileges, or constitute non-public information.  It
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 - Payment Delay Term Sheet.doc


Rick Morrow was very unhappy with it, which in some ways surprised me.  Man,
you were loaded for bear!  The points you made came off very compelling.  You
enjoying the new role?

	"Cherry, Brian" <BKC7@pge.com>
	05/23/2001 10:39 AM

		 To: "Dasovich Jeff (E-mail)" <jdasovic@enron.com>
		 cc:
		 Subject: FW: Deregulation Paper

Here's  an interesting paper.....
?
..by  the way, I loved your superhighway/dirt road analogy and expect to see
it in CEM  on Friday....
-----Original Message-----
From: Martin Collette  [mailto:mcollette@econone.com]
Sent: Tuesday, May 22, 2001 7:19  PM
To: Cherry, Brian; chaudhsb@sce.com
Subject: Deregulation  Paper

?
 - Tamiment Paper.doc
 - Figures1.ppt


o.k. I will call the backoffice

Thanks

   Kate Symes @ ECT                03/23/2001 03:00 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3-23 Checkout

That's weird, because nothing traded for nearly that low for April today.
Mike's exact words were, "there's no way it's $258." So if anyone from Prebon
is still there, let them know the trader is sticking with his price.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/23/2001 12:53 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3-23 Checkout

559066----I just checked with Prebon and for some reason they show price as
$258.00 on this deal.
559091----Is a good deal with Bloomberg.

Therefore, the only deal in question now is 559066 and Prebon shows $258 as
price and we show $358.

Please advice.

   Kate Symes @ ECT                03/23/2001 02:37 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3-23 Checkout

I'm a little confused - 559066 is a Prebon deal under Mike Swerzbin's book.
559091 is a Bloomberg deal under Matt Motley's book. I just talked to Mike
Driscoll and he said these both have the correct brokers on them and there
were two deals. ????

Kate

Evelyn Metoyer@ENRON
03/23/2001 11:55 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3-23 Checkout

Kate deal 559066 is identical to deal 559091.  Prebon does not recognize
559066.  Were these duplicates?

   Kate Symes @ ECT                03/23/2001 01:27 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3-23 Checkout

BLOOMBERG
Matt Motley
559091 - sells to Idaho, 50 mw, April, Mid-C, $358

Tom Alonso
559010 - price is changed to $160
He is still entering last two deals.

AMEREX
Mike Swerzbin
559062 - buys AEP, 25 mw, Cal-02, PV, $140
And Tom said he didn't have anything to do with this deal - Mike said MW were
correct.

Thanks,
kate

Evelyn Metoyer@ENRON
03/23/2001 11:22 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3-23 Checkout

BLOOMBERG

Tom Alonso
I am missing the following deals:

1) Enron sells to Tractebal 25mw Palo Verde for 3/26 peak hrs at $260.00
2) Enron sells to Pacificorp 25 mw Palo Verde for 3/26 peak hrs at $260.00

Mike Swerzbin
I am missing the following deal:

1) Enron sells to Idaho Power 50 mw April Mid-C peak hrs at $358.00

Jeff Richter
deal 559010
Bloomberg shows $160 as price......enpower has $165.00

PREBON
All were o.k.

AMEREX

Tom Alonso/Matt Motley (someone who traded on the LT PV Desk today)
I am missing the following deal:
Enron buys Cal'02 Palo Verde at $140.00  (Check the mw on this deal please
with Tom!!!)


FYI only
----- Forwarded by Sara Shackleton/HOU/ECT on 12/20/2000 02:30 PM -----

	Sara Shackleton
	12/20/2000 02:25 PM

		 To: christine.lee@ubsw.com
		 cc:
		 Subject: 2 paragraphs

Trigger/Determined Amount inverse relationship:

"In the event the Trigger Price is increased to equal the Other Trigger
Price, the Determined Amount shall be reduced so that the Effective Share
Price is increased in direct proportion to the increase in the Trigger
Price.  The "Effective Share Price" shall be the result obtained by dividing
X by Y where "X" equals the product of the Price Per Share multiplied by the
Number of Shares, and "Y" equals the Number of Shares plus the Determined
Amount."

Paragraph 3(a) first paragraph, 3rd sentence replacement:

"In the event that, but for this Section 3, titled "Other Provisions," Party
B would be obligated to deliver a number of Shares equal to the Determined
Amount plus the Excess Shares, Party B shall have an ongoing obligation to
satisfy delivery of the Excess Shares; provided however that the number of
Excess Shares to be delivered hereby shall not exceed [________] shares.
Party B may, at its sole option, satisfy delivery of the Excess Shares by
using its best efforts to increase its Authorized Shares or by delivery of a
cash payment equal to the [product obtained by multiplying the Excess Shares
by the Final Price]."


Company:  Enron Americas
Department: Risk Management
Supervisor:  Jeffery Gossett 3-7306

Thanks,
Robin
x57478

Carol Short@ENRON_DEVELOPMENT
11/13/2000 10:58 AM
To: Timothy Blanchard@ees, J. Christopher Champion@ECT, Tyrell Harrison@ECT,
Steve Hirsh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Crystal Hyde@ECT, John
Lang/NA/Enron@Enron, Robin Rodrigue@ECT, Eric Scott@EES, Henry
Montana/HOU/EES@EES, Eric H Mason/Corp/Enron@Enron, Micah Hatten/HOU/EES@EES,
Niclas Egmar/HOU/EES@EES, Ted Huang@ENRON COMMUNICATIONS
cc:
Subject: Year End PRC Review

Well, it's that time again -

Mike Norris will again be representing each of you during this joyous time.
To make sure we have up-to-date information, would you please email your
current company, department, supervisor and supervisor's phone number.

Please let me have this information as quickly as possible.

Thanks.

Carol


the lust boat  will be exciting and new


Is this Enerfin gas we delivered?  What are the deal numbers in Sitara and
how much volume are we talking about?
Darren, Isn't there an OBA set up in Enerfin that can handle small volumes?
THANKS

	From:  Meredith Mitchell                           12/12/2000 08:34 AM

To: Victor Lamadrid/HOU/ECT@ECT
cc:
Subject: HPL discrepancy

Victor,

What's your opinion on this?  Can we go back and add days to prior month
deals?  Do we use the same price?  If we do decide to do this, we will need
to get TETCO to agree to do a retro for those days as well.

Jackie Young
12/11/2000 03:53 PM
To: Cynthia Franklin/Corp/Enron@ENRON, Meredith Mitchell/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT
Subject: 10/2000 - Days 6 and 19 (98-0439)

The above referenced days have been placed on strangers gas due to (I guess)
the meter not being turned off in time.  The day prior to each of these days
that are assessed to strangers gas, the only active K is the HPL 216.

Can these deals be rolled to cover these couple of days?

Thanks
-Jackie-
3-9497


The above transaction was presented to the Board on 1-29-2001. There was
considerable discussion which I have summarized below.

Returns: were the returns sufficient to syndicate the risk. I answered
positively, which is what the capital price addresses. The dash return is a
blended debt and equity return.(?)

Was the $19 million excess proceeds enough to allow the company to operate. I
answered yes since 85% of reserves are producing and little capital will be
needed to develop pdnp and pud reserves.

Is management capable of operating or will they be in chapter 11 again soon.
I answered that the bankruptcy was a result of overpaying for Wyoming deal
and low commodity prices last two years which resulted in a bb decrease below
outstanding. We will have to watch this issue carefully.

Are banks reluctant to support KCS and could this cause a liquidity problem?
Answered that all creditors were made whole and likely that someone will come
into credit but it was a risk, although for the time being they had enough
cash to operate.

This feedback is just for fyi but it does indicate that board is active and
not a rubber stamp.

 Rick


This request has been pending your approval for  61 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000057285&Page=Approval to review and act upon this request.

Request ID          : 000000000057285
Request Create Date : 8/30/01 5:59:30 PM
Requested For       : erik.simpson@enron.com
Resource Name       : Market Data Kobra Crude
Resource Type       : Applications


Attached are draft Q&A on Enron's response to the Greenpeace letter on
climate change.   This document should be for close distribution to those of
us in Enron Corp and Enron Europe who could potentially get questions on our
response.  More general taking points for use by employees will be developed
for distribution to a wider internal audience.

I would suggest that any detailed questions be referred to me so that we are
able to closely control the messages consistent with our Corporate
statement/strategy on climate.  If questions specific to Enron Europe come
up, they should be referred to PR (Jackie/Kate) in London or Peter Styles in
Brussels, who will coordinate closely with me.

Please review this document and make suggested changes and additions as soon
as possible, as the letter has already been sent to Greenpeace (signed by
Kelly and Mike on 4/30).

Thanks!

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


Cyndie,

95000243 -  Transammonia, Inc., acting through it division Trammochem (actual
name on Master);
  Trammo Gas, a division of Transammonia, Inc. (division allowed to trade per
Legal);
  Trammo Gas & Petrochemicals Company (division allowed to trade per Legal)
Note:  To your indication of both Trammo Gas records labeled "duplicate
contract" - are in fact NOT duplicates of the Transammonia Master.  Under no
circumstances should anyone assume a Financial Global record is a duplicate
without verifying with Georgi, myself, or Tana Jones and her Financial team.

96043502 -  Cargill Incorporated (actual name on Master);
  Cargill Energy, a division of Cargill, Incorporated (division allowed to
trade per Legal)

96045659 - Northern Illinois Gas Company d/b/a Nicor Gas Company (actual name
on Master)
  Nicor Gas Company (name agreed to trade by GCP and Legal)

96030588 -  Ashland Specialty Chemicals Company (This record is an OnLine
GTC, name was given per Bob Bowen)

Please let me know if I may be of further assistance.

Thank You,
Anthony
3-7911

Cyndie Balfour-Flanagan@ENRON
05/15/2001 02:39 PM
To: Susan Elledge/NA/Enron@Enron, Bridgette Anderson/Corp/Enron@ENRON, Sharon
Gonzales/NA/Enron@ENRON, Anthony Campos/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect
cc: Stacey Richardson/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Stacy E Dickson/HOU/ECT@ECT
Subject: Re: Division/Tradename Audit (part deux)

Okay folks. We are starting in on the Division/Tradename audit (our side of
the equation). As it stands, we are not going to terminate any existing
contracts with counterparties that are classified as "Division" or
"Tradename". However, what we are going to do is to verify that the name on
any existing master contracts matches the name as it exists in the Global
Counterparty database. So, what we need to do is to view all of the attached
master contracts (please note that the attached spreadsheet has 3 tabs:
Physical, Financial & Transportation) and verify how the names are listed on
the contract & how the counterparty executed the contract. Please email me
any differences you come across. Remember - - - - watch for name change
notices, assignment notices, etc while reviewing these contracts.

Anthony:
Since Georgi is out would you mind verifying the Financial contracts (only
4)?

Sylvia/Marlene:
I know that in many cases your records won't have master contracts or actual
paper; however, there is a tab for transportation related contracts & many of
them are status "executed". Where at all possible, please verify counterparty
names - - - - primarily, any changes made on the financial or physical side
can  impact any executed agreements we may have on the transport side (name
might be one way on a phy contract & another way on a transport contract).
Then we can at least make sure that changes won't negate anything we have on
either side.

Please try to get this done as soon as possible. I'd like to have all
variations by end of the day tomorrow  (Wednesday, 5/16/01). If you are
working on something else at the moment - - - - please let me know & I'll add
the contracts to my list to review.

This project is fairly important & we need to wrap it up as soon as we can.

Thank you all!!
Cyndie

Stacey Richardson@ECT
05/15/2001 11:04 AM
To: Cyndie Balfour-Flanagan/Corp/Enron@ENRON
cc: Linda S Bryan/HOU/ECT@ECT, Kim S Theriot/HOU/ECT, Bill D
Hare/HOU/ECT@ect, Stacy E Dickson/HOU/ECT@ECT

Subject: Re: Division/Tradename Audit (part deux)

Oh yes, this will be a choice project...  So Credit or Legal hasn't requested
the number of deals attached to any of those contracts?  I assumed that would
be part of the original evaluation.  I'd be concerned with which of those
masters we're trading under now as well as how many deals, volume, etc.  Once
you hear from Legal and we have an idea of what needs to be done, then let's
all set up a meeting to discuss within Global Contracts.  We can then follow
up with Credit and Legal at that point.

Just keep us posted!

Thanks,
SBR

Cyndie Balfour-Flanagan@ENRON
05/15/2001 10:54 AM
To: Stacey Richardson/HOU/ECT@ECT
cc: Linda S Bryan/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Stacy E Dickson/HOU/ECT@ECT
Subject: Re: Division/Tradename Audit (part deux)

We really don't have anything to divide until Legal decides if it is a
'contract/legal' issue or a Credit Business Process issue. Stacy Dickson was
checking with Jeff H. to see what their position was on it.

If it does come down to a "kill" the record scenario - - - the fastest way
will probably be to do a mail merge format letter from list to create
termination letters where necessary or mail merger to create amendments
(adding additional counterparty names to existing master contracts). However,
I have a feeling it won't be that easy & will come down to a business process
challenge instead.

For us, if it comes down to it, I think the big issue will center around GTCs
(at least with Master contracts you have, or usually have, better
default/remedies & have a fairly good chance at either a security provision
or a collateral provision existing in the contract) . We can potentially end
up with multi layer GTC records where we do not have master contracts. This
will be the only way to guarantee that new GTCs (especially GTC Spots which
are 'masterized') from being generated. Even then, it can't be a 100%
guarantee since I can't see ENA stopping customers & traders from executing
transactions with CPs other than the 'parent' company - - - - we may have to
look more closely at the CP set-up info share with GKs (we will have no
controls to prevent GTCs or Master contracts from being established with CPs
established as Division, Tradename, ect..... unless we want to commit to
checking the CP database before we establish a new contract record (master K
or GTC)). Then, is the GCP group ready to be 100% accountable for how they
have been & are now classifying the CP records (headquarters, division,
tradename, ect.) & are the current records 100% accurate. With all the
turnover (contractors) and the CES scenarios, I'd say it would be impossible
to have done a 100% double check on all the records (we are even still
weeding out & cleaning up data in our system). THEN, how do we want to handle
the records classified in the GCP database as "New - Needs DnB" which are
records that have not had their status established in the database yet ?????

Either way, much fun lies ahead for this one.
Cyndie

Stacey Richardson@ECT
05/14/2001 10:01 AM
To: Cyndie Balfour-Flanagan/Corp/Enron@ENRON
cc: Linda S Bryan/HOU/ECT@ECT, Kim S Theriot/HOU/ECT, Bill D
Hare/HOU/ECT@ect, Stacy E Dickson/HOU/ECT@ECT

Subject: Re: Division/Tradename Audit (part deux)

When Linda gets back in, let's all meet on how to split this up and run the
Sitara reports.  I'd like to get a total as soon as possible for Credit and
Legal.  I'm not sure how you want to divide the work, but considering the
potential exposure with Credit, I think this should be the top of our
priority list.  However you want to run this project is OK with me, but let's
get everyone working on this one.

Thanks!
SBR

Cyndie Balfour-Flanagan@ENRON
05/11/2001 03:16 PM
To: Linda S Bryan/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT
cc: Stacey Richardson/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Stacy E
Dickson/HOU/ECT@ECT
Subject: Division/Tradename Audit (part deux)

Okay, Fred re-ran the report to pull all maintenance groups. Instead of
splitting into two separate reports - - - the attached report has three tabs.
The first tab shows ALL active Global records for ALL Global Maintenance
Groups, the second tab shows only 'our' maintenance groups (Hougas, Aruba &
Financial-North America), and the third tab runs a subtotal on all
maintenance groups. In total there are 473 global records tied to
counterparties that have a Division or Tradename classification in Global
Counterparties & 186 for 'our' maintenance groups. Please let me know if you
have any additional report 'views' you would like to be included (data sort
or subtotaled by counterparty, by contract type, ect....).

Fred is running a report against the list we received today for all
counterparties classified as "Agent" in Global Counterparties. I should be
able to have this report to you all on Tuesday as I will be out of the office
on Monday.


No, deal 156071 is good for days 7-29.

To: Daren J Farmer/HOU/ECT@ECT
cc: Sherlyn Schumack/HOU/ECT@ECT
Subject: Re: Deal 156071 Feb 00

Daren,

 There are only two deals on PGEV pipeline: Deal #156071- valid 02/01/00 -
02/29/00, and Deal # 208083 - valid for 02/01/00 - 02/06/00.  Should there be
another deal for days 7-29??  Thanks

Thu

Daren J Farmer
03/23/2000 11:19 AM
To: Thu Nguyen/HOU/ECT@ECT
cc:
Subject: Re: Deal 156071 Feb 00

The actuals should be allocated to the new ticket which has been nom'd,
tracked. and balanced.

D

	From:  Thu Nguyen                           03/22/2000 07:33 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT
Subject: Deal 156071 Feb 00

Daren,

This is one of the deals which you told me to zero out.  Unfortunately, I do
not allocate PGEV.  Also,  Sherlyn has actualized PGEV and she has the
support from the pipeline for the 1746918 volume.  Please let me know if I
had missed something in our conversation.  Thanks

Thu


I spoke with Jim Deason who is reviewing our documentation, including, the
ISDA Schedule, Credit Support Annex and Deemed ISDA.  He will email to me
EWEB's comments to our blacklined Schedule.  He has not conferred with Dick
Varner on the Credit Support Annex but hopes to have comments to me later
this week; I offered to have Tracy or Ed available to discuss credit.
Finally, he has reviewed the Deemed ISDA and will have the same comments
here.  HOWEVER, Jim indicated that the transaction which Holli entered into
is not the type of FINANCIAL deal that EWEB has contemplated (or authorized)
and that it would require special board approval.  The Board meets on Dec.
5.  He requested that a special provision be inserted into the confirm prior
to that approval, stating that this transaction is NOT BINDING until approved
by the EWEB Board (Jim will send requested language).  By copy of this
message, I ask that Holli advise on steps to be taken regarding execution of
the Deemed ISDA confirmation.

Click on this link to view the document in the Financial Trading Agreements
database-->


-----Original Message-----
From: 	Doukas, Tom
Sent:	Tuesday, October 16, 2001 1:58 PM
To:	Shackleton, Sara
Cc:	Heard, Marie; Panus, Stephanie; Wall, David; Pizzolato, Paul; Kinneman, Jeff
Subject:	RE: Credit Suisse First Boston ("CSFB") account with Enron Credit Inc.

Sara,

I called Scott with no answer.  My contact does not know who he is, but suggested you could send the ECI and ENA agreements to her and she would ensure both were put in place with her legal and compliance people.

You can send the completed agreements to:

Kelly Keneally
11 Madison Ave, 5th Floor
NY, NY 10010
Phone: 212/538-5581
Fax: 212/538-4057

Please advise me when you send the documents out so I can ensure they are dealt with properly.

Thanks,

Tom
 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, October 16, 2001 11:14 AM
To:	Doukas, Tom
Cc:	Heard, Marie; Panus, Stephanie
Subject:	Credit Suisse First Boston ("CSFB") account with Enron Credit Inc.

Tom:

We would like to use the same format which was agreed to by ENA and CSFB.  That agreement was sent for execution on July 6, 2001 and we have never received an executed version.

Please feel free to contact Scott Kreuzinger (phone is 617-556-5730 or fax is 617-542-1814) to ensure that ENA has executed docs which can also be duplicated for ECI.  Perhaps your contact at CSFB can assist.  Scott Kreuzinger was ENA's contact for having docs executed.

We have been unable to extract any response from Scott Kreuzinger.

Thanks.

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