Subject: Energy Market Report - 01/24/02

Energy Market Report
Thursday, January 24, 2002

*See attached pdf file.
__________________________________________________________
Western Pre-Scheduled Firm Electricity Prices($/MWh)
January 24, 2002 for January 25 and 26, 2002

Peak(Heavy)
                   Low      Change     High     Change
NW/N. Rockies     18.50      0.00     19.75      0.75
Mid-Columbia      18.50      0.00     19.75      0.75
COB               20.75     -0.50     21.50      0.00
N. California     22.25     -0.25     23.00     -1.50
Midway/Sylmar       NA        NA        NA        NA
S. California     22.50     -0.05     23.50     -0.90
Mead              21.00      0.00     23.25      0.25
Palo Verde        20.25      1.25     22.25     -0.75
Inland SW         20.25      1.25     23.25     -0.50
4-Corners         20.25     -1.00     23.00      0.00
Central Rockies   20.00      0.50     21.50      0.50
__________________________________________________________
Off-Peak(Light)
                   Low      Change     High     Change
NW/N. Rockies     16.50      0.25     17.50      0.75
Mid-Columbia      16.50      0.25     17.50      0.75
COB               17.25      0.75     18.50      1.50
N. California     17.75      1.25     20.50      2.50
Midway/Sylmar       NA        NA        NA        NA
S. California     18.75      2.25     20.50      1.65
Mead              17.50      2.00     19.00      0.00
Palo Verde        14.50      0.50     18.75      2.50
Inland SW         14.50      0.50     19.00      0.00
4-Corners         15.00      0.25     17.75      2.25
Central Rockies   14.50      0.50     16.50      0.50
_________________________________________________________
The Return of Enron?

While some Western hubs saw spot electricity prices for the Friday/Saturday
package that were higher than those seen for Thursday power, the bulk of
transactions took place at lower levels due to reduced weekend demand.
Light load goods on the other hand were the real movers of the day thanks to
below-normal temperatures, with all Western hubs gaining ground, especially
late in the session.  "There were not a lot of off-peak offers out there
today, and we were trying to pick pieces up in order to displace some of our
more expensive gas units," said one utility trader to explain Thursday's
light load rally.  The Andersen accounting firm came under heavy fire as
former partner David Duncan refused to testify in Congress on the shredding
of documents related to the Enron collapse by invoking his Constitutional
right not to incriminate himself.  "Enron robbed the bank, Arthur Andersen
provided the getaway car and they say you were at the wheel," the
subcommittee chairman, Rep. Jim Greenwood, R-Pa., told Duncan.  Meanwhile,
top Andersen executives said that the destruction of documents being sought
by investigators was wrong and largely the fault of Duncan.  UBS-Warburg
took a step towards restarting the acquired North American energy trading
unit of Enron Corp. on Thursday.  UBS management asked all Enron employees
that had accepted offers to attend an impromptu orientation meeting in
Houston.  "Our goal is to reestablish the business," said UBS spokesman
David Walker.  "The buildup will be measured and focused on customer needs."
UBS has no intention of buying any of Enron's current trading positions,
which are in the process of being liquidated following Enron's December 2
bankruptcy filing.

Heavy load energy costs in the Northwest were as much as 75 cents higher
than levels seen for Thursday, though most deals got done at a discount to
the previous day.  Peak power at the Mid-Columbia ranged from 18.5 to
19.75$/MWh, with the weighted average coming in somewhere around 18.75$/MWh.
Light load electricity at the Mid-C gained an average of 50 cents for the
weekend package, with most players citing cold overnight temperatures as the
catalyst.  Light load energy changed hands from 16.5 to 17.5$/MWh, with
unconfirmed trades heard as high as 18.5$/MWh.  In unit news, Colstrip #3
(700 MW) remained off line for generator repairs, with no available ETR.
According to Weather Derivatives, heating demand in the region was forecast
to be 141 percent of normal through the end of the month, with the strongest
demand expected over the first three days of next week.

Heavy load energy prices softened while light load values appreciated in the
Golden State on Thursday.  "The market seemed unresponsive to factors that
normally affect it today.  Light load was really strong in the south, so
maybe someone got caught short," speculated one California player, while
another trader pointed to upcoming outages in the Southwest.  Peak power
prices at NP15 ranged from 22.25 to 23$/MWh, with shaped pieces heard at
23.5$/MWh.  Light load traded between 17.75 and 20.5$/MWh, running up as the
day progressed.  Similarly, Light load at SP15 traded from 18.75 to
20.5$/MWh, with unconfirmed deals heard as low as 16.5$/MWh early.  In
political news, PG&E will face a critical hearing on Friday in bankruptcy
court.  Judge Montali could decide whether the utility can reform into four
separate companies and if key assets like the Diablo Canyon nukes can be
transferred to one of the proposed companies outside the jurisdiction of the
CPUC.  On the generation front, Alamitos #3 (320 MW) was operating at 240 MW
on Thursday, returning to the grid from an outage that began Monday.
Etiwanda #3 (320 MW) was only operating at 20 megawatts Thursday for planned
maintenance.  Mid-state load centers were expecting high temperatures to
remain in the low-50s on Friday, while highs in the mid-60s were anticipated
in L.A.  Slight cooling was projected for the early part of the new week and
the latest six-to-ten called for below-normal temperatures from January 30
to February 3.

Light load energy costs in the Southwest gained as much as 2.5$/MWh for the
Friday/Saturday package, though some players were at a loss to explain why.
"It's cold here, but not that cold, so I'm not really sure why off-peak
prices gained so much momentum late in today's session," said one
Phoenix-based trader.  Light load goods at Palo Verde were seen as low as
14.5$/MWh first thing in the morning, then soared all the way up to
18.75$/MWh by the end of trading.  Peak power at Palo Verde ranged from
20.25 to 22.25$/MWh, with the bulk of trades taking place between 21.25 and
21.5$/MWh.  In unit news, Utah-based Bonanza (425 MW) and Arizona-based
Cholla #4 (380 MW) were off line Thursday morning, but both had returned by
the afternoon.  Utah-based Huntington #2 (455 MW), however, was down with a
tube leak.  While no ETR was available, sources were expecting a 48 to
72-hour turnaround.  Navajo #3 (750 MW) was experiencing vibration problems
on a PA fan.  The Arizona-based unit was scheduled to come down for 24 hours
of repairs beginning after Friday's evening peak.

Patrick O'Neill and Jessie Norris
_________________________________________________________

Western Generating Unit Outages

Current                            Begins          Ends          Reason
CAISO units <250/6764 total          NA             NA
planned/unplanned*
Alamitos #6/480/gas               20-Jan-02         ?            planned
Colstrip #3/700/coal              11-Jan-02         ?            repairs
Encina #4/303/gas                 12-Jan-02         ?            unplanned
Etiwanda #3/320/gas               24-Jan-02         ?      @20 MW, planned*
Etiwanda #4/320/gas               21-Jan-02         ?            planned
Four Corners #5                   09-Jan-02     14-Mar-02        maintenance
Grand Coulee #19/600/hydro        10-Dec-01       March          repairs
Haynes #6/341/gas                 07-Jan-02         ?            planned
Helms PGP #2/407/hydro            01-Oct-01         ?            planned
Huntington #2/455/coal            24-Jan-02     26-Jan-02       tube leak*
Hyatt/Thermalito/933/hydro        02-Oct-01         ?      @506 MW,
unplanned
Morro Bay #4/336/gas              21-Jan-02         ?            planned
Moss Landing #7/739/gas           29-Dec-01         ?            planned
Ormond Beach #1/725/gas           28-Dec-01         ?            planned
Ormond Beach #2/750/gas           05-Oct-01         ?      @350 MW,
unplanned
Pittsburg #6/317/gas              22-Nov-01         ?            planned
Pittsburg #7/682/gas              21-Jan-02         ?            unplanned
Scattergood #3/445/gas            22-Jan-02         ?            maintenance

Future
Navajo #2/750/coal                02-Feb-02     25-Feb-02        maintenance
Navajo #3/750/coal                25-Jan-02     26-Jan-02        repairs*

For unit owners refer to pdf version.
*Indicates a change from previous EMR.
______________________________________________________________________

Eastern Markets Pre-Scheduled Firm Power Prices ($/MWh)

January 24, 2002 for January 25, 2002

Peak (Heavy) in $/MWh
                 Low     Change   High      Change
Into Cinergy    17.50     2.00    18.50      0.60
Western PJM     21.85     0.35    22.75      0.85
Into Entergy    17.00    -0.10    17.70     -0.30
Into TVA        16.60     0.60    17.75      0.25
ERCOT           17.50     0.40    18.20      0.30
___________________________________________________________
Amid forecasts calling for cooler weather on Friday and higher gas values
early in the day, peak power prices strengthened across the Eastern
Interconnect on Thursday.  "The front-month picked up about a buck
everywhere, although it came off a little later, but that was the real news
today," commented one SERC player.  NYMEX Henry Hub natural gas futures were
up early, but fell in late trade.  February eased 2.8 cents to end at
2.048$/mmBtu, while March lost 0.1 cent to close at 2.09$/mmBtu.

Heavy load electricity prices climbed higher in the Mid-Atlantic on
Thursday, on cooler forecasts for Friday.  Western PJM pieces were bought
and sold between 21.85 and 22.75$/MWh.  LMPs spent most of the morning well
above 20$/MWh, but were weaker for most of the afternoon, averaging
21.2$/MWh through 15:00 EST.  Daytime highs for Friday were expected in the
cooler, although still above normal, mid-40s.  However, forecasts through
Monday called for temperatures to continue at least 11 degrees above normal
in the PJM region, and the latest six-to-ten called for above-normal
temperatures from January 30 to February 3.

With the mercury expected to drop throughout the Ohio Valley on Friday and
rumors of a unit shut late Wednesday, heavy load energy costs edged higher
in the Midwest on Thursday.  Into Cinergy day-ahead goods changed hands
between 17.5 and 18.5$/WMh.  "Cinergy opened low, but today it climbed
instead of the slow fade we've seen the last few days.  Prices went above
$18 around 8 am, bounced up and down a bit, but stayed up there," said one
relieved trader.  The February contract was heard trading between 19.7 and
20.25$/MWh, also stronger than a day ago.  According to sources, a Wisconsin
Electric unit shut late Wednesday, but information on which unit, the cause,
or ETR were not available.  Daytime highs for Friday were only expected to
reach the mid-40s, with corresponding overnight lows expected to drop into
the upper-20s.  The cold snap was anticipated to be short-lived, with
weekend and Monday forecasts putting high temperatures right back into the
upper-50s.  The most current six-to-ten predicted mostly above-normal
temperatures, with a normal front moving in from the west, from January 30
to February 3.

With continued bearish fundamentals, peak power prices rose incrementally in
the Southeast and Texas on Thursday.  Into Entergy day-ahead deals were done
from 17 t0 17.7$/MWh, while February traded around 19 to 19.1$/MWh for most
of the day, dropping off a little later to 18.9$/MWh.  Into TVA trades
followed a similar pattern, with peak power for Friday delivery averaging
17$/MWh.  SERC forecasts called for highs to fall into the upper-50s on
Friday, before rebounding into the mid-60s for the weekend and upper-60s for
Monday.  Texas temperatures were expected to linger close to normal through
Saturday, before rising into the mid-70s by Monday.  The up to the minute
six-to-ten predicted above-normal temperatures from January 30 to February
3.
___________________________________________________________

California ISO Congestion Index in $/MWh

                         Path                 Peak   Off-peak
for 25-Jan-02         NW1 to NP15             0.00     0.00
                      NW3 to SP15             0.00     0.00
                      AZ3 to SP15             0.00     0.00
                      LC1 to SP15             0.00     0.00
                      SP15 to NP15            0.00     0.00

OTC Forward Peak Electricity Contracts in $/MWh

                    Mid-C              PV              SP-15
                Bid      Ask      Bid      Ask      Bid      Ask
BOM            21.00    22.00    23.75    24.75    25.00    26.00
February       18.50    20.00    22.00    23.00    23.75    24.75
March          16.00    17.50    21.50    22.50    22.75    23.75
April          16.50    18.00    22.50    23.50    NA       NA
Q2 '02         16.50    18.00    25.00    26.00    25.00    26.00
Q3 '02         30.00    31.50    38.00    39.00    37.50    38.50
Q4 '02         27.00    28.50    26.75    27.75    28.50    29.50
Q1 '03         26.50    28.00    27.50    28.50    30.00    31.00
Cal '03        29.00    30.50    31.75    32.75    33.50    34.50

Represents the most recent bid/ask spread obtainable
by the Energy Market Report.

Alberta Power Pool Index (C$/MWh)

                    Peak(14)   Peak(16)   Off-Peak    Flat     Change
for  23-Jan-02       42.15      41.51      24.51      36.31     3.03

BPA's Offer for 01/27/02 and 01/28/02.

Hours        Amount          NW delivered        COB/NOB delivered
7-22         200MW           Market Price*          Market Price*

*Market price will be determined at time of request.

NYMEX Henry Hub Gas Futures in $/mmBtu

                 Close        Change
        Feb      2.048        -0.028
        Mar      2.090         0.001

Natural Gas Spot Prices in $/mmBtu

                  Low          High
Sumas             2.01         2.06
So. Cal Border    2.09         2.14
San Juan          1.99         2.04
__________________________________________________________

Economic Insight, Inc. - 3004 SW First, Portland, Oregon 97201,
Telephone (503) 222-2425, Internet e-mail emr@econ.com -
Copyright, Economic Insight, Inc. 2002.


Address:
335 Piney Point Road
Houston, TX 77024
Phone:
(713) 782-0481
Principal:
Dr. Annette Smith
Location:
Suburban
Grade Levels:
PreK-8
Enrollment:
704
Student Characteristics:

Caucasian:
91.0%
African-American:
1.0%
Hispanic:
5.0%
Asian:
3.0%
American Indian:
0.0%
Other:
0.0%
?
?
Mobility Rate:
1.5%
Limited English:
1.0%
Low Income:
0.0%
Special Education:
0.0%
	St. Francis Episcopal Day School in Houston, Texas was founded in 1952 in
response to the needs of the St. Francis Episcopal Church and the surrounding
neighborhood. Currently, the school serves students from the age of three
through the eighth grade. St. Francis is accredited by both the Independent
Schools Association of the Southwest and the Southwestern Association of
Episcopal Schools and is a member of the National Association of Independent
Schools. Our mission is supported through the efforts of our Board of
Trustees, Head of School, school leadership team, faculty, staff, parents,
student body, and friends of St. Francis.
	The school's mission statement is: "In the Anglican tradition, St. Francis
Episcopal Day School challenges motivated students in an academically and
spiritually stimulating environment to become imaginative, critical thinkers,
and people for others."
	Our curriculum is the result of intense work by the talented educators at St.
Francis. We are dedicated to providing a well-rounded, value-centered program
that balances stimulating academics with experiences that broaden students'
knowledge of themselves and today's world.
	The Early Childhood division is organized in learning centers that include
activities with challenging materials and experiences. The classroom becomes
a laboratory where children can explore and experiment. The enrichment
program in early childhood includes experiences with music, motor
development, Spanish, and technology. Our full day kindergarten program
allows children and teachers to explore topics thoroughly. They begin the
nationally recognized Everyday Mathematics, a program rich in problem solving
activities.
	The lower school curriculum provides young learners with a carefully planned,
sequential course of study that includes Reader's and Writer's Workshop,
Everyday Mathematics, "hands-on" science, and integrated social studies.
Specialists teach art, music, physical education, and Spanish. Small class
sizes contribute to the success of each child.
	The Middle School seeks to celebrate the uniqueness of early adolescence.
After completing three years in middle school, students can anticipate being
admitted to quality high school programs, both public and private, and enjoy
the confidence that develops from proper preparation - academically,
socially, and morally. By the end of their eighth grade year, students will
have had the opportunity to receive high school credit for Algebra I,
physical science, and Spanish I.
	Through conferences, professional organizations, workshops, graduate studies,
book clubs, and extensive travel, the men and women who teach at St. Francis
know the current research on how children best learn and use this knowledge
in the classroom. The tradition of an Anglican education coupled with an
energetic expert staff makes magic happen both within the classroom and
throughout our campus.
	St. Francis is committed to providing students with an up-to-date technology
enhanced educational experience. We currently have six staff members
supporting technology and one staff member leading curriculum development on
our campus. Our faculty presented a workshop on using technology in the
classroom at the prestigious Association for Supervision and Curriculum
Development 1997-1998 Conference. Technology at St. Francis is a tool going
beyond computer literacy by incorporating lessons using technological support
in every subject for every student. Students are active participants in
searching for knowledge using the Internet, print, and other electronic
sources. They learn to retrieve and use information to complete projects and
assignments. Each classroom is Internet ready. Along with access to grade
level mini-labs and classroom computers, students have the use of two
high-level multimedia labs containing scanners, digital cameras, video
capabilities, and color laser printers. Teachers and students use technology
as a problem solving, communication, and research tool to enhance an already
rich learning experience. Students use real world technology to present their
information to a wide audience.
	St. Francis offers many exciting opportunities for students to involve
themselves in the fine arts. Through the music, drama, and art programs, our
students learn the values of discipline, perseverance, and commitment, and
the joy of performing in front of a live audience. With strings, choir, band,
drama club, and studio art, students have opportunities to explore their own
creativity and interests while being trained by talented artists and
musicians.
	Along with art in classroom instruction and after school clubs, St. Francis
is extremely proud to offer our students Art a la Carte. This innovative
program enhances the art and social studies curriculum by bringing teams of
trained volunteers into the classroom to help the students learn to
appreciate great art. Costumes, props, food, and other enhancements are
frequently part of the lessons at all grade levels. This integration of art
production and art history makes our art program truly unique!
	Being an athlete at St. Francis Episcopal Day School and playing for the
Wolves are privileges and honors that carry many responsibilities. Middle
school students may sign up for three sports a year, one each in the fall,
winter and spring. They may choose football, cross-country, field hockey,
volleyball, wrestling, soccer, basketball, softball and track. Sixth graders
do not participate in football. Coaches stress the importance of teamwork,
peer relationships, cooperation, discipline, and a healthy body.
	The Classroom of the Earth is an extraordinary program that extends the
classroom walls and allows the students to apply learning in a natural
setting. Starting with the beginner class, it combines curriculum study with
outdoor awareness and provides the ultimate in critical thinking
opportunities and application of problem solving strategies. The program
culminates with an eighth grade trip to Bandelier National Monument near
Santa Fe, New Mexico. While there, students visit Tsankawi ruins, study the
Anasazi culture, and document their trip with lively updates and pictures on
our website. St. Francis alumni often report that some of their fondest
memories are of COE trips. Classroom of the Earth trips are lead by faculty
members and teachers trained through both the National Outdoor Leadership
School and the Wilderness First Responder Course.
	St. Francis is proud of its rich religious traditions including the Feast of
St. Francis, the Blessing of the Animals, celebration of the church seasons,
Episcopal School Sunday, and birthday blessings. Students worship together
twice weekly. Third through eighth graders join together monthly to celebrate
the Holy Eucharist. Students participate in chapel by reading prayers and
scripture and serving as acolytes and crucifers. The chaplain of the school
organizes the worship services. He is available to school families as a
pastor and friend. We invite parents, friends and relatives to worship with
us at any of our services. Religious education is an integral part of the
curriculum from age three through eighth grade. Through study, discussion,
and experiences, students internalize values and develop character to live a
godly life and be of service to others.
	St. Francis is committed to outreach and service. It is our goal that each
student understands that he or she has something unique and special to offer
to the world. By teaching our students to be people for others, they leave
our school with a deeper understanding of community and the concept of giving
of themselves. Together, St. Francis Episcopal Day School, St. Francis
Episcopal Church, the St. Francis Children's Center, and the St. Francis
Sports Association commit to nurturing the spiritual, educational, emotional
and physical development of all God's people. These four entities form the
St. Francis Community, a unique gathering of energy, individuals and ideals.

1998)1999 Blue Ribbon Elementary Schools


I have saved the first info memo (generic version, w/o mentioned of Orion)
under "EGC12-Generic-051100" and various site pictures and maps under
"Pictures" folder, both in o:/_dropbox.

I will continue transfering file to the o:_dropbox over the next few days.


Attached is a draft of Mike Swartz's motion to start the process of
compelling Kevin McConville to testify by deposition in Houston.? Although we
might quarrel with some of the things that Swartz says, the motion is certain
to be granted.? However, Swartz will drop the deposition, if McConville will
give him an interview and promise to appear at trial, if asked.

Tom Hatch is also pressing me about whether we will grant other plaintiffs an
interview with McConville.

Please call me, so we can discuss this.? If we can make a deal with the
plaintiffs, it would be better to do so before they start filing papers that
the other defendants will see and wonder about if the papers are later
withdrawn.

 <<C9BD2A00.PDF>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - C9BD2A00.PDF


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<Embedded Picture (Metafile)>


put it in the paper dog


Jeff,

Looks like they changed the return to an earlier flight....only by a FEW
MINUTES.

Thanks TJae
---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 05/02/2001
10:25 AM ---------------------------

JANET SKOOG <jskoog_vitoltvl@yahoo.com> on 05/02/2001 10:11:10 AM
To: TBLACK2@ENRON.COM
cc:
Subject: KING - JUNE OKLAHOMA ITIN/SCHEDULE CHANGE ON RETURN

                                          AGENT VA/JS BOOKING REF
YYDCJI

                                          KING/JEFF

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN TJAE BLACK X 35800

  DATE:  MAY 02 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  12JUN HOUSTON TX     OKLAHOMA CI OK 235P    359P
CO 1265    T          TUE   G.BUSH INTERCO WILL ROGER
                            TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         1:24 DURATION
                  AIRCRAFT: BOEING 737-500
                            SEAT 07C NO SMOKING CONFIRMED KING/JEFF

CONTINENTAL AIRLINES  15JUN TULSA OK       HOUSTON TX     430P    607P
CO 1466    V          FRI   INTERNATIONAL  G.BUSH INTERCO
                                           TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         1:37 DURATION
                  AIRCRAFT: MCDONNELL DOUGLAS ALL MD-80 SERIES
                            SEAT 06C NO SMOKING CONFIRMED KING/JEFF

RESERVATION NUMBER(S)  CO/N2KXQT

KING/JEFF                                TICKET:CO/ETKT 005 7026661976

CO  FREQUENT FLYER COKX401801
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
NON-REFUNDABLE TKT MINIMUM $100.00 CHANGE FEE
***********************************************
                  THANK YOU FOR CALLING VITOL TRAVEL

=====
VITOL TRAVEL
1100 LOUISIANA STE-3230
HOUSTON TX 77002
713-759-1444 - PHONE
713-759-9006 - FAX

__________________________________________________
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The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

Stock indexes closed higher on Wednesday in a delayed reaction to the
Fed.'s decision to leave interest rates unchanged for now. The market
interpreted this inaction on the part of the Fed as a sign that
economic recovery is beginning. At the same time, gains were limited
as investors remain suspicious about accounting irregularities in
business following the Enron debacle. The NASDAQ fell short of
testing the 38% retracement level of the September- January rally
crossing at 1826.96 before a short covering rally triggered by a
delayed response to today's decision by the Fed to leave interest
rates unchanged pulled the index into positive territory on the day.
The NASDAQ closed up 20.45 points at 1913.44. The March S&P 500 index
also closed higher on Wednesday after spiking below the 38%
retracement level of the September-January rally crossing at 1087.97.
Additional strength on Thursday is needed to confirm today's upside
reversal thereby increasing the odds that a short- term bottom has
been posted. The March S&P 500 closed up 15.00 points at 1115.50.

The Dow posted an upside reversal on Wednesday and closed above
broken fib support crossing at 9706.20. However, closes above
Monday's high at 9908.10 are needed to temper the near-term bearish
outlook in the Dow. Today's rally was in reaction to the Fed.'s
decision to leave interest rates unchanged for the time being, which
indicates that it believes a recovery has begun in the economy. Solid
gains in Home Depot, Wal-Mart, Honeywell and IBM led the late-session
rally in the Dow.

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

March T-bonds closed lower on Wednesday following the Fed.'s decision
to leave interest rates unchanged in today's FOMC meeting. However,
the Fed left its easing bias in place should further stimulus be
needed to shore up the economy. The late-day sell off sets the stage
for additional weakness in access trading that could lead to a test
of broken trendline resistance crossing near 102-00 on Thursday.
Short-term momentum indicators remain bearish signaling that sideways
to lower prices are possible near-term as the market is caught
between business accounting concerns and prospects for an improving
economy.

The CRB INDEX http://quotes.ino.com/exchanges/?c=indexes

The CRB index closed lower on Wednesday pressured by weakness in
grains, some precious metals, fiber and energies. The CRB index is
closing in on the 75% retracement level of the October-January rally,
which crosses at 185.93. If this support level fails to halt this
month's decline, the door would be open for a possible test of last
fall's low crossing at 182.83 later this winter. Short-term momentum
indicators are oversold but indicate that additional weakness is
possible near-term. However, weekly indicators are on the verge of
rolling over, which would increase the odds that the CRB could
ultimately breakout below the double bottom on the monthly chart
later this year.

ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

The energy markets closed lower on Wednesday following the release of
this week's API inventory reports, which were termed bearish. Crude
oil stocks rose by 27,000 barrels last week, as total stocks are now
some 11% above year-ago levels. Gasoline stocks rose by 2.743 million
barrels although distillate stocks including heating oil fell by
150,000 barrels but supplies are still 25% above year ago levels.
Traders will be closely watching this week's DOE inventory report for
corroboration of rising energy inventories. The AGA inventory report
for natural gas will be released later today.

March crude oil closed sharply lower on Wednesday and below minor
trendline support thereby confirming that a short-term top was posted
on Monday. The door is open for a possible challenge of January's low
crossing at 18.45 in early- February. Closes below this support level
could lead to an eventual test of November's low crossing at 17.55
later this winter. Momentum indicators such as stochastics and the
RSI are turning bearish with this week setback hinting that a test of
fall lows is possible later this year.

March heating oil closed lower on Wednesday following Tuesday's
mildly bearish inventory report. Today's low fell short of testing
the lower boundary of this winter's trading range crossing at 51.20.
Closes below this support level would confirm a range breakout and
could lead to a test of weekly support crossing at 49.30 later this
winter. Stochastics and the RSI have turned bearish with this week's
sell off signaling that we could see a spike to new contract lows
before a low is posted.

March unleaded gas extended this week's sell off on Wednesday
following Tuesday's bearish API inventory report. Today's sell off
sets the stage for a possible test of last fall's uptrend line
crossing near 55.55. Closes below this support level would open the
door for a possible challenge of last fall's low crossing at 51.90
later this winter. Stochastics and the RSI are turning bearish once
again and signals that a new low for the year is possible in the near
future.

March Henry Hub natural gas closed modestly higher on Wednesday due
to short covering ahead of the release of today's AGA inventory
report. This week's AGA inventory report showed a draw of 111 bcf
last week as U.S. working gas in storage is 70% full. Traders are
calling the report bearish. However, the sell off from mid-January
has already discounted some of this bearish news. A higher close on
Thursday would confirm this analysis while leaving the door open for
a possible short covering bounce into early- February. If the decline
continues, weekly support crossing at 1.76 is March's next target
later this winter.

CURRENCIES http://quotes.ino.com/exchanges/?c=currencies

The March Dollar posted an upside reversal on Wednesday thereby
ending the one-day setback off Monday's high. The door remains open
for a resumption of this winter's rally and a possible test of weekly
resistance crossing at 121.29 later this week. Today's rally was
supported by revised fourth-quarter GDP estimates. Additional support
was due to expectations for further improvement in the economy
although some of the expected recovery has already been priced into
the Dollar. Stochastics and the RSI are overbought hinting at the
very least that we could see a brief pause near current prices.

The March Swiss Franc posted a potential downside reversal on
Wednesday signaling a likely end to this week's short covering
bounce. The stage is set for additional weakness and a likely test of
December's low crossing at .5797 later this winter. The daily ADX is
bearish signaling that additional weakness near-term is likely.

The March Canadian Dollar posted an inside day with a higher close on
Wednesday however, it failed to close above the previous reaction
high crossing at .6300. Closes above this resistance level are needed
to confirm this week's trendline breakout and that a bottom has been
posted. Stochastics are bullish signaling that sideways to higher
prices are possible into mid-February.

The March Japanese Yen extended this week's short covering rebound on
Wednesday and spiked above broken weekly support crossing at .7558.
Closes above this broken support level and last fall's downtrend line
crossing near .7590 are needed to confirm a bottom has been posted.
Momentum indicators are bullish signaling that sideways to higher
prices are possible into early-February.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

February gold closed slightly higher on Wednesday due to short
covering following the Fed.'s decision to hold the line in interest
rates for the time being. February gold is challenging minor
resistance crossing at 282. Closes above this resistance level would
open the door for a test of broken trendline support crossing near
284.10. Stochastics and the RSI are oversold and turning neutral to
bullish hinting that a short-term bottom is in or near.

March silver closed modestly lower on Wednesday leaving Tuesday's key
reversal up unconfirmed. Momentum indicators are oversold hinting
that a low might be in or is near following this week's test of the
75% retracement level crossing at 4.22. Closes above broken fib
support crossing at 4.32 are needed before a low can be confirmed.

March copper drifted lower on Wednesday and appears poised to test
the bottom of last week's trading range crossing at 69.20 later this
week. Closes below last week's low crossing at 69.20 would open the
door for a larger-degree decline during February.. Momentum
indicators are bearish signaling that sideways to lower prices are
possible into early February.

GRAINS http://quotes.ino.com/exchanges/?c=grains

March corn closed fractionally lower on Wednesday as session lows
came with in a penny of weekly support crossing that crosses at 2.04
1/4. Light pressure came from spillover weakness from wheat, concerns
over sluggish export demand and a rebound in the U.S. Dollar today.
Trader's will closely watching Thursday's export sales report for
signs that foreign demand might be picking up. Bulls continue to
suggest that this year's export sales will be backend loaded. In the
meantime, there is little incentive for foreign customers or domestic
end users to shift their buying pattern from hand to mouth as prices
continue to erode from last July's high. Seasonally, corn prices tend
to decline into February when a mid-winter low is due to be posted.
The current decline suggests that the February low might be posted
early in the month if weekly support crossing at 2.04 1/4 halts the
decline. Short-term momentum indicators are bearish but have entered
their respective oversold zones hinting that a low might be near.

March wheat gapped down and closed sharply lower on Wednesday as much
needed precip has fallen across the southern Plains. The bearish
weather triggered another round of fund selling that pressured the
market to new lows for month, which fell just short of testing the
late-December low crossing at 2.83. If this support level fails to
halt this month's decline, a test of the December low crossing at
2.77 is likely by early-February. Recent strength in the U.S. Dollar
has made U.S. wheat less competitive on the world market especially
since Argentina is resuming wheat exports. Momentum indicators remain
bearish signaling that additional weakness is likely into
early-February.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

March soybeans posted an inside day with a fractionally higher close
on Wednesday. Light support was due to short covering triggered by
ideas that soybean prices have become oversold and too cheap.
However, upside potential appears limited due to improving weather
conditions across South America and a narrowing window of opportunity
to export on the world market without competing with South American
exports. Technically, March soybeans continue to consolidate above
the 75% retracement level of January's rally, which crosses at 4.24
3/4. Closes below this support level would more than likely open the
door for a test of this month's low crossing at 4.15 3/4 by
early-February. Momentum indicators remain bearish signaling that
sideways to lower prices are likely into early-February before a
mid-winter low is due to be posted.

March soybean meal closed lower on Wednesday however, a short
covering bounce ahead of the close tempered some of today's loss.
March continues to hover above gap support crossing at 147.90 and
below this the 75% retracement level of January's rally crossing at
147. Momentum indicators remain bearish signaling that sideways to
lower prices are still possible into early-February. While Thursday's
export sales report is expected to show strong sales, this is old
news to a market, which has been focused on South America's
potentially record crop for most of the winter. Now that South
American weather is improving, there is little incentive for new
buying to enter the market. Therefore I am looking for additional
weakness into mid-February and a possible test of January's low of
142 before a bottom is finally posted.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

April hogs posted a key reversal up and closed above weekly
resistance crossing at 61.13 on Wednesday. Today's rally was
triggered by ideas that packers could encounter a short-term supply
squeeze, which could be exaggerated by the winter snowstorm that is
moving across portions of the Midwest today and could last into
Thursday bringing with it up to 10 inches of snow in places. However,
today's rally was limited due to forecasts calling for steady to
50-cent lower cash bids on Thursday. With packer margins shrinking
due to falling product prices, it is unlikely that they will be very
aggressive with their cash bids. However, traders might decide to
ignore the short-term bearish cash fundamentals and opt to trade the
short-term friendly technicals near- term. Closes above the contract
high crossing at 61.90 would renew April's rally off last fall's low
and could lead to a test of weekly resistance crossing at 63.60 later
this winter. Momentum indicators are turning neutral to bullish
hinting that sideways to higher prices are still possible into
early-February.

April cattle closed slightly higher on Wednesday as a winter storm
across the Plains and portions of the Midwest sparked additional
short covering. However, today's rally was stopped in its tracks as
it neared the 75% retracement level of last year's decline, which
crosses at 76.00. After rallying for the past three days, I would not
be surprised to see a round of profit taking on Thursday as April
might try to consolidate recent gains below this resistance level. If
this resistance level is cleared, we could see April test the lower
boundary of last summer's trading range crossing at 77.10 later this
winter. Momentum indicators are bullish but diverging, which is a
warning to bulls that a short-term top might be near.

FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

March coffee closed higher on Wednesday due to light short covering
following Tuesday's spike to a new contract low. However, short
covering faded ahead of the close, which allowed prices to drift
towards the bottom of today's trading range. March is at a crossroads
as it is challenging the lower boundary of this winter's trading
range. The latest report from the Association of Coffee Producing
Countries highlighted the market's negative fundamental outlook as it
forecasted a 15-million 60-kilogram bag surplus in export supplies
for the 2001-02 marketing year. Closes below trading range support
crossing at 44.75 would confirm a breakout while opening the door for
a test of psychological support crossing at 40-cents later this
winter.

March cocoa posted its highest close in two and a half weeks on
Wednesday due to renewed trade and speculator buying. Light support
came from reports of a police strike in the Ivory Coast, limited
hedge pressure and technical buying as buy stops were triggered above
1368. However, the choppy rebound off the early-January low is an
indication that the market continues to mark time as a distribution
top continues to form. Closes above 1422 or below 1260 are needed to
confirm a breakout of this winter's trading range and point the
direction of the next trending move.

March sugar extended this month's decline and closed below last
November's reaction low crossing at 661 on Wednesday. Multiple closes
below this support level would open the door for additional weakness
and a possible test of last October's low crossing at 611 during
February. Momentum indicators have entered their respective oversold
zones but remain bearish signaling that additional weakness is
possible near-term.

March cotton broke out below minor support marked by last week's low
at 35.95 on Wednesday thereby renewing its decline off January's
double top. The stage is set for a likely test of the lower boundary
of this winter's trading range, which crosses at 34.91. Light
pressure came from increased producer selling. Momentum indicators
remain bearish signaling that additional weakness is possible into
early-February. Closes above 39.80 or below 34.91 are needed to
confirm a breakout of this winter's trading range.

Daily Extreme Commentary is brought to you by GLOBALcharts,
INO.com's end-of-day charting software for Futures, Futures
Options and Optionable Stocks. http://www.globalcharts.com
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_____________________________________________________________________

I N O   N E W S
_____________________________________________________________________

Pacific Exchange To Trade Options on Anthem, Inc.
   http://news.ino.com/press/?release=27744
OneChicago Appoints International Business Director
   http://news.ino.com/press/?release=27743
Deutsche Borse Introduces 13 New Index Funds
   http://news.ino.com/press/?release=27742

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

CLQ2   Light Sweet Crude Oil Aug 2002              19.99      0.86  +4.25
OH2    Oats Mar 2002                             202 1/2         8  +4.11
LBX2   Random Length Lumber Nov 2002              276.10      9.80  +3.55
CCZ3   Cocoa Dec 2003                               1200        28  +2.39
YGZ2   Mini NY Gold Dec 2002                       290.5       5.5  +1.93
PBN2   Frozen Pork Bellies Jul 2002               78.700     1.450  +1.88
DJH2   Dow Jones Industrial Avg. Mar 2002           9770       171  +1.78
ZDH2   Dow Jones Industrial Avg. Mar 2002           9774       171  +1.78
SPH3   S&P 500 Mar 2003                          1114.90     17.00  +1.52
YJM2   Mini Dow Jones Industrial Jun 2002           9750       143  +1.49

LOSERS

SBK2   Sugar #11 World May 2002                     5.98     -0.24  -3.87
PNN2   Propane Jul 2002                           0.3000   -0.0100  -3.23
LBH2   Random Length Lumber Mar 2002              272.00     -8.80  -3.13
CTH2   Cotton Mar 2002                             35.52     -0.99  -2.71
HUG2   New York Harbor Unleaded Gasoline Feb 20    0.5531   -0.0149  -2.63
RAM2   South African Rand Jun 2002              0.083000 -0.001950  -2.30
HOG2   Heating Oil Feb 2002                       0.5091   -0.0115  -2.21
CLH2   Light Sweet Crude Oil Mar 2002              19.08     -0.43  -2.20
RRN2   Rough Rice Jul 2002                         4.180    -0.080  -1.88
GIJ2   Goldman Sachs Commodity Index Apr 2002     167.70     -3.10  -1.82

FREE: Vantagepoint Market Software Reports
Predict The Markets With Up To 80% Accuracy
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____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

CROS   CROSSMANN COMMUNITIES                     44.4800   14.3800  +47.57
HPLA   HPL TECHNOLOGIES                          15.9900    3.5000  +28.00
CNC-H  CONSECO FIN VII PFD H TOPRS                 10.30      1.98  +23.57
CNC-G  CONSECO FIN TR VI 9.00%'TOPRS'               9.66      1.78  +22.39
DGIN   DIGITAL INSIGHT                           24.3300    4.4500  +22.36
CNC-V  CONSECO FIN TR V 8.70%'TOPRS'                9.70      1.74  +21.86
ISWI   INTERACTIVE SYSTEMS WORLDWIDE              5.9400    0.9300  +18.98
FIMG   FISCHER IMAGING                           10.4900    1.6000  +17.78
RLRN   RENAISSANCE LEARNING INC                  34.6500    4.7600  +16.30
DDIC   DDI CORP                                  10.4700    1.4400  +15.93

LOSERS

ELN+B  ELAN CORP PLC WTS CL B                      12.05     -6.55  -43.09
CCRT   COMPUCREDIT CORP                           5.2200   -3.7600  -42.49
CNET   CNET NETWORKS INC                          5.7000   -1.7800  -23.58
SFNT   SAFENET INC                               14.2500   -3.3200  -19.11
CDA    CORDIANT COMMUNIC GRPADS                     5.58     -1.22  -18.21
ELN    ELAN CORP ADS                               29.25     -5.81  -16.51
DRIV   DIGITAL RIVER                             17.7300   -3.3000  -15.78
ACTT   ACT TELECONFERENCING                       5.7000   -0.9600  -14.77
TOM    TOMMY HILFIGER CORP                         12.65     -2.21  -14.61
RCCC   RURAL CELLULAR 'A'                         9.5900   -1.5310  -14.50
_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

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Mom & Dad: Lance Sticksel lives in L.A. his # is 805 489 3254/cell phone #
805 709 5538, if you have any questions about anything call him he will help.


Weighing in at 8 lbs, 10oz, Jonathan Lawrence Vogel was born at 6:33 p.m. on
Sunday, November 18. Mother and baby are doing just fine. I think we're
planning to stay one more night at the hospital before going home, so little
Jonathan will have to wait until Tuesday to see his new home.


Sorry to freak on you. I'm a little stressed. Do what you think is right but never use market orders on option. It is a free option for the market maker to fuck you.

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, October 31, 2001 7:13 AM
To:	Dorland, Chris
Subject:	RE: Newfie Windows

Ya, ps... I'm dumping me options... press is for shit today

 -----Original Message-----
From: 	Dorland, Chris
Sent:	Wednesday, October 31, 2001 9:07 AM
To:	Dorland, Dan
Subject:	FW: Newfie Windows

Did I send you this?

 -----Original Message-----
From: 	Clark, Chad
Sent:	Tuesday, October 30, 2001 12:31 PM
To:	Dorland, Chris
Subject:	FW: Newfie Windows

 -----Original Message-----
From: 	Bruce, Chad
Sent:	Tuesday, October 30, 2001 12:19 PM
To:	Powley, Barry; Brandon (E-mail); Collin (E-mail); Craig School (E-mail); Geordie Hochbaum (E-mail); Jesse (E-mail); Jon (E-mail); Mike (E-mail); Pat (E-mail); Rob (E-mail); Ray (E-mail); Shane (E-mail); Troy (E-mail); Clark, Chad; Watt, Ryan
Subject:	FW: Newfie Windows

this is pretty sweet...

>From: "Chris Konschuh" <konschuh@adv-eng-ser-inc.com>
>Reply-To: <konschuh@adv-eng-ser-inc.com>
>To: "Sean Peppard" <seang5outfitting@hotmail.com>, "Sarah Konschuh"
><skonschuh@hotmail.com>, "Kendra Konschuh" <kendra@ctec.ab.ca>, "Dee Elder"
><elderwrs@telusplanet.net>, "Deryk Zimmer" <dzimmer@saskpower.com>, "Craig
>Knull" <cknull@powersurfr.com>, "Bill Yakoweshen" <illster@hotmail.com>
>Subject: Newfie Windows
>Date: Mon, 29 Oct 2001 19:30:03 -0600
>
>

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - Windaz 2000 Newfie Edition.gif << File: Windaz 2000 Newfie Edition.gif >>


Mark asked if you could work on the following with our new secondee, Jason.
I provided Jason a hard copy yesterday since he didn't have a computer yet.
Thanks!
---------------------- Forwarded by Tana Jones/HOU/ECT on 04/25/2000 09:01 AM
---------------------------

From:  Rahil Jafry
 04/24/2000 02:36 PM

To: Mark Taylor/HOU/ECT@ECT, Mark Holsworth/Corp/Enron@ENRON, Tana
Jones/HOU/ECT@ECT
cc: Dave Samuels/HOU/ECT@ECT, Julie.Ferrara@enron.com
Subject: AccuNet Agreement

Pls. feed me your respective comments so we can move ahead with this ASAP.

Mark (Holsworth),  I would appreciate it if you could make sure your initial
comments are addressed and point me in the right direction with regards to
negotiations while Mark (Taylor) is away.

Thanks,
Rahil
3-3206
---------------------- Forwarded by Rahil Jafry/HOU/ECT on 04/24/2000 02:32
PM ---------------------------

"Leisa Byron" <byron@ntms1.accuweather.com> on 04/24/2000 01:15:07 PM
To: <rahil.jafry@enron.com>
cc:
Subject: AccuNet Agreement

Mr. Jafry:
?
As per your telephone conversation with Erik  Bjalme, attached please find
the Agreement for AccuNet Service.? Should you  have any questions, please
contact either Erik or myself.
?
Thank you.
 - EnronCorporation2.doc


----- Forwarded by Mark E Haedicke/HOU/ECT on 11/06/2000 02:08 PM -----

	"Baird, Bob" <RBaird@velaw.com>
	11/04/2000 09:33 PM

		 To: "Mark Haedicke (E-mail)" <mark.e.haedicke@enron.com>, "Rob Walls
(E-mail)" <rob_walls@enron.com>
		 cc:
		 Subject: Rockets Tickets

Mark and Rob:

   I finally finished the highly scientific process of dividing up the
tickets.  The methodology I used is as follows:

   (1) We each ended up with one exhibition game.

   (2) The two of you expressed a preference for weekend nights.  There
are 12 Friday and Saturday games, so I gave each of you six.

   (3)  I tried to give you games where you will not be out of town
(although I ended up giving each of you one game where both of you will be
out of town).

   (4) I divided the teams into good teams (Trailblazers, Jazz, Heat,
Spurs, Lakers,  Knicks, Pacers and Sonics), medium teams (Timberwolves,
Hornets, Kings, 76ers, Cavaliers, Suns, Celtics and Nets) and bad teams
(Bulls, Pistons, Grizzlies, Wizards, Magic, Clippers, Mavericks, Bucks,
Nuggets, Warriors, Raptors and Hawks), and I tried to divide the teams so
that there was a realtively even distribution of team levels. Mark ended up
with 5-7-6, Rob with 6-3-9 and I ended up with 2-1-2.  Although Rob has one
more good team than Mark has, he get to see more dogs.  I am not 100%
certain that I have a good handle on whose going to be good, mediocre and
bad, and there were some teams that might be bad but I put in a medium
category because they are interesting (e.g. 76ers, Celtics and Nets).

   (5) Finally, I attempted to minimize the repeats.  But it ended up
that Mark has the Timberwolves and Grizzlies  twice, and Rob has the
Warriors and Nuggets twice.

   And, of course, if you don't like what I did you can always trade.

   This was a highly scientific process, done with the aid of Lotus
1-2-3.

Mark: please note that I have given you Tuesday night's tickets vs. the
Lakers.

Bob
5   Tuesday, 11/14, Chicago Bulls
12   Tuesday, 12/19, San Antonio Spurs
15   Wednesday, 12/27, Seattle Supersonics
16   Thursday, 1/4, Detroit Pistons
33   Thursday, 3/15, New Jersey Nets

Mark
1   Tuesday, 10/31, Minnesota Timberwolves
3   Tuesday, 11/7, Los Angeles Lakers
4   Thursday, 11/9, Vancouver Grizzlies
6   Thursday, 11/16, Charlotte Hornets
8   Tuesday, 11/28, Sacramento Kings
9   Saturday, 12/2, Portland Trailblazers
17   Saturday, 1/6, Utah Jazz
20   Wednesday, 1/24, Philadelphia 76ers
21   Friday, 1/26, Vancouver Grizzlies
22   Tuesday, 1/30, Miami Heat
25   Tuesday, 2/13, Washington Wizards
26   Saturday, 2/17, Cleveland Cavaliers
28   Friday, 2/23, Orlando Magic
30   Thursday, 3/8, Los Angeles Clippers
34   Saturday, 3/17, San Antonio Spurs
36   Thursday, 3/29, Phoenix Suns
37   Tuesday, 4/3, Dallas Mavericks
41   Tuesday, 4/17, Minnesota Timberwolves

Rob
2   Thursday, 11/2, Milwaukee Bucks
7   Saturday, 11/18, Phoenix Suns
10   Tuesday, 12/5, Dallas Mavericks
11   Saturday, 12/16, Denver Nuggets
13   Thursday, 12/21, Los Angeles Lakers
14   Saturday, 12/23, Golden State Warriors
18   Saturday, 1/13, Sacramento Kings
19   Tuesday, 1/16, Toronto Raptors
23   Thursday, 2/1, Los Angeles Clippers
24   Monday, 2/5, New York Knicks
27   Tuesday, 2/20, Boston Celtics
29   Monday, 2/26, Portland Trailblazers
31   Saturday, 3/10, Golden State Warriors
32   Tuesday, 3/13, Indiana Pacers
35   Tuesday, 3/27, Utah Jazz
38   Thursday, 4/5, Seattle Supersonics
39   Saturday, 4/7, Atlanta Hawks
40   Tuesday, 4/10, Denver Nuggets

Robert S. Baird
Vinson & Elkins L.L.P.
One American Center
600 Congress
Austin, Texas 78701
Telephone: (512)495-8451
When calling from Houston (713)758-2414
Fax: (512)236-3210
Email: rbaird@velaw.com
Home telephone (512)347-8065
Home fax: (512)347-8065
Pager: 1-888-487-2651

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Thank you for agreeing to speak at the ENA/EGM/EIM employee holiday party at
Enron Field this Saturday.  Attached are some suggested talking points to
help you with the preparation of your speech.  The maximum time that we have
allotted for your presentation is 5 minutes.   I am making final revisions to
the production timeline and will forward that to you shortly.

Please let me know if you have any questions or concerns.
THANKS!


Tana - The guy I would recommend for your issue is Stephen Ashbourne of Blake
Cassels.  Let me know if you would like for me to call him to expect your
call.
stephen.ashbourne@blakes.com
(416) 863-3086

CJG


----- Forwarded by Tana Jones/HOU/ECT on 03/08/2001 01:15 PM -----

	Nicola Beales
	03/08/2001 11:19 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Edmund Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT
		 Subject: Re: EnronOnline

In response to your e-mail to Ed, I am actually updating Profile Manager for
Justin, as much as I can, on a daily basis.

Kind regards,
Nicola

Edmund Cooper
08/03/2001 17:16
To: Nicola Beales/LON/ECT@ECT
cc:

Subject: EnronOnline

Can you answer this?

---------------------- Forwarded by Edmund Cooper/LON/ECT on 03/08/2001 05:16
PM ---------------------------
From: Tana Jones on 03/06/2001 11:01 AM CST
To: Edmund Cooper/LON/ECT@ECT
cc:

Subject: EnronOnline

Do you know who in London is actually updating Legal's comments to Profile
Manager?  I can't believe Justin does this everyday?!


Lindy,

FYI.  Kim.

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Friday, August 03, 2001 1:04 PM
To:	Hayslett, Rod; Harris, Steven
Cc:	McCarty, Danny; Corman, Shelley; Hartsoe, Joe; Miller, Mary Kay; Kilmer III, Robert; 'fkelly@gbmdc.com'; 'sstojic@gbmdc.com'; 'cmoore@akingump.com'; 'rnuschler@akingump.com'; Watson, Kimberly; Geaccone, Tracy
Subject:	RE: Mavrix:  ATTORNEY CLIENT PRIVILEGE

No magic to the 9%.  We could use any reasonable rate as long as we are conceptually consistent in future situations.  I.e.,  we could use the FERC interest rate here if we were willing to always use it in contract termination situations.  Or, if we use a rate here that is X basis points over some generally accepted benchmark (FERC interest rate? prime?  LIBOR?) we'd have a tough time justifying use of a significantly different mechanism (even though the actual rate in the subsequent deal might be a lot different due to interest rate movement).  df

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Friday, August 03, 2001 12:59 PM
To:	Fossum, Drew; Harris, Steven
Cc:	McCarty, Danny; Corman, Shelley; Hartsoe, Joe; Miller, Mary Kay; Kilmer III, Robert; 'fkelly@gbmdc.com'; 'sstojic@gbmdc.com'; 'cmoore@akingump.com'; 'rnuschler@akingump.com'; Watson, Kimberly; Geaccone, Tracy
Subject:	RE: Mavrix:  ATTORNEY CLIENT PRIVILEGE

We should give Maverix the option of paying the discounted sum up front or doing a keep whole payment each month of the transaction.    I like the 9% discount rate for Maverix but would not be happy with such from an outsider.    Is there a basis in the 9% rate?

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Friday, August 03, 2001 11:57 AM
To:	Harris, Steven; Hartsoe, Joe; Miller, Mary Kay; Kilmer III, Robert; 'fkelly@gbmdc.com'; 'sstojic@gbmdc.com'; 'cmoore@akingump.com'; 'rnuschler@akingump.com'; Watson, Kimberly
Cc:	Hayslett, Rod; McCarty, Danny; Corman, Shelley
Subject:	Mavrix:  ATTORNEY CLIENT PRIVILEGE

Further to our discussions yesterday, attached is a draft letter agreement under which Transwestern would agree to terminate the Mavrix transportation contracts.  Note that Mavrix is required to indemnify TW for any revenue shortfall if the turned back capacity is not purchased by another customer at the same or better rate within 60 days.  I believe this approach allows TW to accomodate Mavrix's request to terminate without TW taking any financial risk or exposing itself to requests from other shippers that TW release them from their contract obligations without penalty.

Upon execution of the letter agreement, the capacity will be posted on the TW bulletin board as generally available capacity.  There is some chance that a customer interested in the capacity will want to know where it came from.  I would suggest that the appropriate and accurate explanation is that  "capacity becomes available from time to time for a variety of reasons including contract expirations or terminations, waivers or expirations of ROFR rights, and contract MDQ stepdowns.  Such capacity is posted on the EBB as soon as Transwestern becomes aware of its availabity."  If the questioning customer wants to know who's space it was, I believe it is our consistent policy to not disclose any information about any shipper's contract to any other shipper and that policy should be followed here as well.  Of course, if the Commission's Market Monitoring group or other FERC personnel call, the confidentiality problem does not arise and the shipper's identity should be disclosed.  The explanation in that circumstance, if the caller wants more detail, is that "Mavrix is an Enron affiliate that was in the business of trading interstate pipeline capacity but is winding down its business and terminating its contracts.  Transwestern has agreed to contract termination subject to an indemnity or "keep whole" mechanism."

I'm including the legal team on this distribution as an FYI.  I will follow up on this later today.  DF

 << File: Mavrix Termination.doc >>


---------------------- Forwarded by Cathy Phillips/HOU/ECT on 11/15/2000
03:27 PM ---------------------------

Jason Rios@ENRON
11/15/2000 03:20 PM
To: Cathy Phillips/HOU/ECT@ECT
cc:
Subject: Global Mkts Presentation


You have been identified as a person who may have contact with power in
California.  Based on our receipt of various subpoenas, we will be preserving
your past and future electronic mail.  Please be prudent in the circulation
of electronic mail relating to your work and activities.  Thank you.


Please see Amy's note below about the available position with UBS Warburg Energy. If you have questions, you may contact Amy directly.

Thanks,
Grace
x8321

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

The below position has recently become available in the Real Time Trading group.  If you interested, please contact Amy FitzPatrick by 12:00 pm Thursday, 2/21/02 for consideration.

Short Term West Hourly Trader

The Short Term West Hourly group is responsible for the physical and financial integrity of prescheduled energy transactions. This includes managing curtailed schedules and preserving UBS Warburg Energy's financial rights with non-performing trading counterparties. The group is required to maintain records and update databases that explain supply or market interruptions in order to minimize customer billing dispute issues.

The Hourly group interacts with the Middle Marketing and Cash desks to administer terms of Service contracts and liquidate positions. This typically includes the selling of excess generation and/or the purchasing of energy to meet customers' requirements.  Also, each trader is responsible for gathering and reporting information on unit outages, changes in transmission line capacity and other information that would be useful for all West Desk Trading activity.

Traders are expected to initiate profitable trades while maintaining an acceptable amount of risk exposure to the company. The trader will utilize all on-line trading engines in addition to maintaining markets on UBS Warburg Energy Online. The trader is expected to know all settlements requirements and charges related to each type of trade.  Each trader is to be capable of interfacing with customers and responding to internal and external billing inquiries.

.
Description of Function
?	Shift work
?	Trade hourly physical and/or financial products in the WSCC
?	Maintain an hourly market on UBS Warburg Energy Online
?	Utilize all on-line trading engines including APX, Bloomberg, ICE and Tradespark
?	Physically schedule trades including tagging where appropriate
?	Enter trades and reconcile company accounting system each shift
?	Assist in the resolution of volume/price discrepancies
?	Work closely with information technology and fundamentals group to maintain and develop Hourly tools and systems

Requirements
?	Bachelors in Finance, Economics, or related field
?	1 to 2 years of previous experience trading in electric industry or other commodity
?	Demonstrated ability to make correct decisions in a high pressure environment
?	Excellent problem solving and communication skills
?	Self motivated
?	Detail oriented


Mark:

Thanks for attending Lexis Luncheon last week!   Your Lexis ID is:  50971PB
and password to lexis.com and nexis.com is your last name.   Your ID/PW gives
you access to

Lexis-Nexis online (Lexis software on your server)
lexis.com   -             http://www.lexis.com          (legal, news, public
records)
nexis.com (fka: Lexis Universe)  -  http://www.nexis.com/research       (for
business news and company dossier)

Lexis' new product - CertiFinder access needs to be approved by the state
since it gives users access to criminal records and driver license/vehicle
registration information.  I am currently working with Lexis Corporate
Attorney to get our users approved for CertiFinder access.  In the meantime,
you may search public records via www.lexis.com.

Please feel free to give me a call if you have any questions on Lexis
service.   Happy searching!

Thanks,
Sylvia
x36775


Notice No. 00-394
November 14, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM:    Neal Wolkoff
Executive Vice President

SUBJECT:  MARGIN RATE CHANGE  FOR NOVEMBER 17th, 22nd, 29th, 2000

MARGIN RATE CHANGE  FOR NOVEMBER 17, 2000

Effective Date:      Friday, November 17, 2000  (close of business)

Futures Contract:    Palladium Futures

Contract Months:    November and December 2000 Only
NYMEX Division Margins on Palladium Futures Contracts
Effective Date:      Friday, November 17, 2000  (close of business)

Clearing Member (Maintenance Margin):           Old:  $15,000   New:  $25,000
Member Customer (Initial Margin):               Old:  $16,500   New:  $27,500
Non-Member Customer (Initial Margin):           Old:  $20,250   New:  $33,750

Current systems calculate the margin requirement for spread positions by
first determining the "Scan Risk" and then multiplying the number of spreads
by a rate set by the Exchange.  Scan Risk is determined by netting the
outright margin required for each leg of a spread.
 Because there is a difference between the margin required for the November
and December 2000 delivery months and other months, each spread which
includes either one leg in the November or December delivery month will have
its requirement (at the clearing member rates) calculated at $10,250 starting
on November 17th.  This figure is determined as follows:

Example At Clearing Member Rates for November 17th Margin Change:
One Long December Palladium   (1 x $25,000)          =        $25,000
One Short March Palladium         (1 x $15,000)          =   -     $15,000
Net Scan Risk                  ($25,000-$15,000)       =        $10,000
Spread Rate                   (1x $250)             =   +     $   250
Total Requirement                                 =        $10,250

NYMEX Division Margins on Palladium Futures Spreads - Requirements for
Spreads with One Leg in Designated Months

November and December           Back Months
Clearing Member (Maintenance Margin):
$10,250                                      $250
Member Customer (Initial Margin):
$11,275                                      $275
Non-Member Customer (Initial Margin):
$13,838                                       $338

MARGIN RATE CHANGE  FOR NOVEMBER 22, 2000
Effective Date:      Wednesday, November 22, 2000  (close of business)

Futures Contract:    Palladium Futures

Contract Months:    November and December 2000 Only
NYMEX Division Margins on Palladium Futures Contracts
Effective Date:      Wednesday, November 22, 2000  (close of business)

Clearing Member (Maintenance Margin):           Old:  $25,000   New:  $35,000
Member Customer (Initial Margin):               Old:  $27,500   New:  $38,500
Non-Member Customer (Initial Margin):           Old:  $33,750   New:  $47,250

Each spread which includes either one leg in the November or December
delivery months will have its requirement (at the clearing member rates)
calculated at $20,250 starting on November 22nd.  This figure is determined
as follows:
Example At Clearing Member Rates for November 22nd Margin Change:
One Long December Palladium   (1 x $35,000)          =        $35,000
One Short March Palladium         (1 x $15,000)          =   -     $15,000
Net Scan Risk                  ($35,000-$15,000)       =        $20,000
Spread Rate                   (1x $250)             =   +     $   250
Total Requirement                                 =        $20,250

NYMEX Division Margins on Palladium Futures Spreads - Requirements for
Spreads with One Leg in Designated Months

November or December        Back Months
Clearing Member (Maintenance Margin):
$20,250                                  $250

Member Customer (Initial Margin):
$22,275                                  $275

Non-Member Customer (Initial Margin):
$27,338                                   $338

MARGIN RATE CHANGE  FOR NOVEMBER 29, 2000
Effective Date:      Wednesday, November 29, 2000  (close of business)

Futures Contract:    Palladium Futures

Contract Months:    November and December 2000 Only
NYMEX Division Margins on Palladium Futures Contracts
Effective Date:      Wednesday, November 29, 2000  (close of business)

Clearing Member (Maintenance Margin):           Old:  $35,000   New:  $45,000
Member Customer (Initial Margin):               Old:  $38,500   New:  $49,500
Non-Member Customer (Initial Margin):           Old:  $47,250   New:  $60,750

Each spread which includes either one leg in the November or December
delivery months will have its requirement (at the clearing member rates)
calculated at $30,250 starting on November 29th.  This figure is determined
as follows:
 Example At Clearing Member Rates for November 29th Margin Change:
One Long December Palladium   (1 x $45,000)          =        $45,000
One Short March Palladium         (1 x $15,000)          =   -     $15,000
Net Scan Risk                  ($45,000-$15,000)       =        $30,000
Spread Rate                   (1x $250)             =   +     $   250
Total Requirement                                 =        $30,250
NYMEX Division Margins on Palladium Futures Spreads - Requirements for
Spreads with One Leg in Designated Months

November or December  Back Months
Clearing Member (Maintenance Margin):
$30,250                           $250

Member Customer (Initial Margin):
$33,275                           $275

Non-Member Customer (Initial Margin):
$40,838                             $338

Should you have any questions regarding these changes, please contact Artie
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice
supersedes all previous notices regarding outright margins for the NYMEX
Palladium Futures Contract.

__________________________________________________
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=(00-394)"

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.


My recommendation would be that we don't comment at all, but let the terms of the Plan and the related waivers speak for themselves.  We cannot provide them with legal advice.  Michelle

 -----Original Message-----
From: 	Palmer, Lizzette
Sent:	Tuesday, November 27, 2001 1:53 PM
To:	Brown, Cole
Cc:	Cash, Michelle; Sullivan, Kriste
Subject:	RE: A Question

Here is my suggested response:
Enron's policy is to not comment on current litigation.  With respect to severance, if an Enron employee is let go prior to the merger, and is eligible for benefits under the Enron Corp. Severance Plan, then the terms of that plan will govern.  No changes to the severance plan have been made at this time.  In general, however, any severance waiver signed will include a release of claims for any and all conduct that has occurred to date.  Post merger, employees will be eligible for benefits under whatever severance plan the merged company adopts, including with respect to waiver requirements.

--Lizzette

 -----Original Message-----
From: 	Brown, Cole
Sent:	Tuesday, November 27, 2001 12:11 PM
To:	Palmer, Lizzette
Cc:	Johnson, Rick
Subject:	FW: A Question

Lizzette, can you help us draft an answer to these questions?  Thanks, Cole.
 -----Original Message-----
From: 	James, Terrie
Sent:	Tuesday, November 27, 2001 12:09 PM
To:	Brown, Cole; Johnson, Rick
Subject:	A Question

Rick or Cole,

PR received the following question.  We'd like to have an answer prepared, but don't plan to post it or include it in any of the Q&A that will accompany scripts.  (You may want to include it in an HR Q&A or post to LiveLink.)

Q.  If I am a party to a 401K class action suite against Enron, how will that affect my severance if I am involuntarily terminated?

Related Q.  If I am involuntarily terminated and required to sign a waiver as part of the severance package, can I participate in an employee or shareholder class action suite against Enron.


Yes we did.

DG

From: Angela Collins/ENRON@enronXgate on 02/05/2001 03:30 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Eagan Enterprises Invoice

Hello.
I received an invoice from Eagan Enterprises for Maintenance Kit for HP
LaserJet 8100N.
Have you received this merchandise?
Please advise.


The state treasurer sent a letter this afternoon to Loretta Lynch.
The treasurer claims in the letter that, by extending DA  through Sept. 20th, the PUC could have shifted more than $8 billion to small customers.
He urges Lynch to immediately roll back the date to July 1.
We have started working with large customers to refute the letter.
If you would like a copy of the letter, please send your fax number to Joseph Alamo.

Best,
Jeff


_________________________________________________________________

                        F O O L W A T C H
                    Friday, October 27, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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prohibited without the prior written consent of The Motley Fool.

MsgId: msg-5249-B10276351Address.msg-18:54:24(10-27-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Yes,

A clean version would be good.  Email to:  amkilpat@southernco.com

Dan J Hyvl@ECT
05/08/2001 04:42 PM
To: Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Phil
DeMoes/Corp/Enron@ENRON
cc:

Subject: Re: SOUTHERN

Please review the attached document to see if it reflects the matters we
discussed.  I continued Les's marking and added some red-line changes and
removed some of Les's language which no longer applied.  It will take more
than an simple accept all changes to get to a clean copy.  Let me know if you
need a clean copy so that I can clean up the different colors and methods of
showing changes.


Per your request a few weeks ago, Global Contracts prepared a list of
executed financial masters for Bob Bowen which he forwarded up to me.  Let me
know what you think.
----- Forwarded by Tana Jones/HOU/ECT on 05/03/2000 02:57 PM -----

	Bob Bowen
	05/03/2000 12:42 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Listing of Financial Contracts in Global Contracts

What are Finalcial Contracts?? (See subject below on Connie's memo)

Attached please find the gospel according to Global Contracts.  Please
correct your
records accordingly.

If you have any questions , please contact Anthony Campos or Karen Lambert
(or,
alternatively, you may consider suicide prior to making such a phone call).

---------------------- Forwarded by Bob Bowen/HOU/ECT on 05/03/2000 12:28 PM
---------------------------

Connie Sutton
04/25/2000 07:24 PM
To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Bob
Klein/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT
cc: Anthony Campos/HOU/ECT@ECT
Subject: Listing of Finalcial Contracts in Global Contracts

 Here is a listing of all the Financial contracts we currently have in
Global. The listing shows the type of contract and the transaction types each
contract allows, that is why the same contract number will be listed several
times.  If you would like clarification on any contract please contact
Anthony Campos at 3-7911.


Chonawee,

There are many interesting papers on executive stock options.

Keep bugging me for them.

Vince

Chonawee Supatgiat@ENRON
07/10/2000 03:33 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: short-sell vs exercise

Thank you, Vince.
I understand this tax effect already when you explained it to me in your
office this morning.
I agree with you that short-selling is not so good, especially for me,
because I have
a significant capital loss this year. I definitely don't want to increase my
capital loss carry over.
(The short-selling idea might work for a person who wants to exercise his
options and
already has a huge capital gain this year. Unfortunately, it is not me.)
Thanks again for pointing this out.
The "employee stock option with taxes" problem sounds interesting. I will
think more about it when I have free time.
-chonawee

Vince J Kaminski@ECT
07/10/2000 01:57 PM
To: Chonawee Supatgiat/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT

Subject: Re: short-sell vs exercise

Chonawee,

As I have pointed out, short-selling the stock may be a bad
decision because of tax implications (ignoring the legal aspects).

Suppose the strike is $70 and you were granted an ATM option.
You  sell short at $70 ten lots (one lot  = 100 shares). The price goes to
$100.
You lose $30 x 1000 = $30,000 on your short position. Option exercise
gives you $30,000. This is before taxes. You pay taxes
on your option income (it's treated as ordinary income). The tax is
28% x $30,000 = $8,400. You can use only $3,000 of your loss against
ordinary income. This saves you only $840 in taxes.

Of course, if you have capital gains, you can use losses on your option
position
as an offset.

The remaining part of your capital loss  is carried forward and you get the
tax benefits over time (less the time value of money), assuming you have
income in the
future (or capital gains).

Not so good.

By the way, valuation and optimal exercise of employee stock options
is a very interesting and difficult problem.

Vince

Chonawee Supatgiat@ENRON
07/10/2000 11:40 AM
To: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: short-sell vs exercise

Below is my writing that was originally planned to post somewhere. It
explains how to handle a special type of call options which can be exercised
but cannot be sold. (As we know that it is never optimal to exercise a call
option before its maturity). However, after taking Vince's comments on the
ordinary income/capital loss TAX offsetting issue, I think this is not a good
article anymore. I guess I could just throw this article away. :-)
-chonawee

Short-selling is better than exercising your employee stock options

In general, the sensible time to exercise your employee stock option is when
you speculate that ENE is going down or its growth rate is extremely low. In
fact, when exercising the options, you are speculating that ENE would never
reach this point (plus interest) again during the 10 years maturity date or
until you leave the company. If you do not anticipate that, you should hold
on to your options because you can gain higher profit by delaying your
exercise.

However, if you believe that ENE is reaching its peak. Then, instead of
exercising the options, you should short-sell (or sell) the stocks in that
amount. After short-selling, when you feel that the stock starts to go up,
you can buy them back (to cover), make profit, and still keep the options. On
the other hand, if the stock does not go down as expect, you can exercise the
options to cover your short position anytime.

Let us take a look at a simple case where there are no taxes, no dividends,
and zero risk-free rate. Suppose that ENE follows a simple sample path as
follow

If you exercise 100 ENE options with a grant price of 45 when ENE reaches 70,
you would earn  (70-45)*100 = $2,500. But if you short sell 100 ENE at 70, no
matter how much ENE is in the future, you can exercise the options to cover
the short position and still earn (70-45)*100 = $2,500. The advantage of
short-selling comes when ENE at the period 2 is 60. At this point, you can
cover your short position, get (70-60)*100 = $1,000, and still keep your
options or you can exercise the options and gain $2,500. That is, you still
keep the flexibility of your options when you short-sell. In conclusion, the
only sensible time to exercise your employee stock options is to cover your
short position.


Tuesday is fine but i do need it.
m


-----Original Message-----
From: 	Sever, Stephanie
Sent:	Thursday, December 20, 2001 2:22 PM
To:	Allen, Phillip K.; Neal, Scott; Arnold, John
Cc:	Lees, Lisa; Denny, Jennifer
Subject:	Follow up:   New Company - Online Trader Access (Stack Manager & Website)
Importance:	High

Please populate the attached worksheets(Stack & Website) for EAST, WEST & FINANCIAL Gas Trader Access and return to me once complete.  Let me know if you have any questions.

 << File: US Gas Stack & Website for New Version 121401.xls >>
Thank you
Stephanie Sever x33465

 -----Original Message-----
From: 	Sever, Stephanie
Sent:	Monday, December 17, 2001 10:20 AM
To:	Allen, Phillip K.; Arnold, John; Martin, Thomas A.; Neal, Scott; Shively, Hunter S.
Cc:	Lees, Lisa; Denny, Jennifer
Subject:	New Company - Online Trader Access (Stack Manager & Website)

Please populate the attached worksheets for Stack Manager & Website Access.  I have added the Gas product types and a drop down for each user/product type  to populate with READ, EXECUTE or NONE.  For READ ONLY Website ID's, additional population is NOT necessary.  Please add or remove names as necessary and return to me once complete.  Let me know if you have any questions.

 << File: US Gas Stack & Website for New Version 121401.xls >>
Thank you,

Stephanie Sever
EnronOnline
713-853-3465


I approve.
----- Forwarded by Richard B Sanders/HOU/ECT on 05/10/2001 03:51 PM -----

	Linda R Guinn
	05/09/2001 09:13 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: 430729 Linda Guinn: iBuyit Security Request Form for

please review and submit with your approval.

thanks.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)

----- Forwarded by Linda R Guinn/HOU/ECT on 05/09/2001 09:13 AM -----

	Claudia Meraz
	05/08/2001 08:51 AM

		 To: Linda R Guinn/HOU/ECT@ECT
		 cc:
		 Subject: 430729 Linda Guinn: iBuyit Security Request Form for

Linda - We need Richard to approve the following request.

---------------------- Forwarded by Claudia Meraz/HOU/ECT on 05/08/2001 08:47
AM ---------------------------

	Enron North America Corp.

	From:  SAP Security @ ENRON                           05/07/2001 01:15 PM

Sent by: Karen Kuhfeldt@ENRON
To: Claudia Meraz/HOU/ECT@ECT
cc:
Subject: 430729 Linda Guinn: iBuyit Security Request Form for

Dear Ms. Guinn,
Regretfully, we are unable to initiate the processing of your iBuyit Security
request, because certain criteria were not met. These criteria are:

1. As you indicated, "Yes" to the approver role, the form must be submitted
by someone at the appropriate approval level you are requesting. In this
instance, Mr.Richard Sanders or someone above him in your group, would be the
person to submit your request
3. The aforementioned submitter must indicate their approval of your
projected role as an Approver within the body of the email. This indication
need be no more than the words: "I approve." placed in the body of the email.

We will begin processing your request just as soon as receive your amended
Security Request Form.
Thanks,
Karen
SAP Security

	From:  Claudia Meraz @ ECT                           05/04/2001 12:58 PM

To: SAP Security@enron.com
cc:

Subject: iBuyit Security Request Form for Linda Guinn

Please find attached a Security Request Form for Linda Guinn, as approver.

Thank you,

Claudia M.
x-39407


Cantekin,

The summer associate program has closed but I shall check to see
if I can get one extra place.

Vince

"Cantekin Dincerler" <cantekin@mail.utexas.edu> on 03/28/2000 11:48:53 AM
Please respond to cantekin@mail.utexas.edu
To: vkamins@ect.enron.com
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: summer internship

Hi Vince,

I am writing you at this time to inquire as to the potential of renewing my
internship at Enron for the Summer of 2000.

While the date of my request is later than I would have wished, the reason
is that I had originally planned to go back to Turkey this summer and get
my mandatory military duty done. However, I now realize I can put it off to
a further date. That left me wondering if you believe there is a project
that I can get involved in this summer and be useful. If that were the
case, I would be more than happy to postpone my military duty and spend the
summer with the research group. I discussed this with Dr. Ronn, and he is
very supportive of this idea.

I apologize again for bringing up this issue late, and look forward to
hearing from you.

Best regards,

 ---------oOOo-----oOOo----------
Cantekin Dincerler

Doctoral Candidate
The University of Texas at Austin
Graduate School of Business
Department of Finance
office: (512) 471-1676
fax   : (512) 471-5073
home  : (512) 472-5356
http://uts.cc.utexas.edu/~cantekin
 -------------oooO-----Oooo----------


Jason:  I left a vm for Clement.  Keep your fingers crossed.  SS


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

----- Forwarded by Debra Perlingiere/HOU/ECT on 03/14/2001 09:46 AM -----

	Genia FitzGerald
	03/07/2001 10:26 AM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject:

http://route66traders.com/index.htm


---------------------- Forwarded by Susan W Pereira/HOU/ECT on 02/20/2001
10:47 AM ---------------------------

"Henk, Robert" <RHenk@barbnet.com> on 02/20/2001 09:35:45 AM
To: "'susan.w.pereira@enron.com'" <susan.w.pereira@enron.com>
cc:
Subject: FW: March 2001 Spot Gas

> -----Original Message-----
> From: Henk, Robert
> Sent: Tuesday, February 20, 2001 9:22 AM
> To:
> Subject: March 2001 Spot Gas
>
Susan,

> March madness is just around the corner! Lot's of basketball games, office
> pools and lots of TV watching.
>
> Bass Enterprises Production Co. (Bepco) invites you to bid on the
> following packages of gas for sale for the term March 1-31, 2001:
>
> 12,000 mmbtu/day
> El Paso's (formerly PG&E) Delmita Plant - Starr County, Texas
> Tennessee Gas Pipeline - Zone 0 (Meter No. 010173)
> Transco (Meter No. 101875)
> El Paso Field Services (PG&E) (Meter No. 101920)
>
> 1,800 mmbtu/day
> OXY's Terrell Plant - Terrell County, Texas
> El Paso Natural Gas - Permian Basin (Meter No. 37506747)
> El Paso Field Service (PG&E)
>
> You may bid on one or both of the supply packages. Your bid(s) should be
> based on Pipeline Index as reported in IFERC's Gas Market Report. Please
> see that we receive your offer no later than 12:00 Noon on Friday,
> February 23.  You can email your response to me at rhenk@barbnet.com or
> fax to 817-338-2642. Thank you for your interest in our gas supply.
>
> Rob Henk


Daily Blessing
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Is Jesus left handed?
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http://www.daily-blessings.com/inkman.htm

<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://inbound.postmastergeneral.com/remove?dailyblessings:10
* Enter your email address (judy.hernandez@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "dailyblessings:10".

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* Reply to this message with the word "remove" in the subject line.

This message was sent to address judy.hernandez@enron.com
X-PMG-Recipient: judy.hernandez@enron.com
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>


Purvi,

Thanks for the note. I am still working.
Should know more with in a week.
Who would have thought that this would ever happen.
Life outside of work is going great. I feel blessed about that
to help me through these tough times.

How are you doing, work and personally ?

Dutch

 -----Original Message-----
From: 	"Purvi Patel" <pnpatel@tecoenergy.com>@ENRON
Sent:	Tuesday, December 04, 2001 2:50 PM
To:	Quigley, Dutch; Keavey, Peter F.
Subject:	Hello

I've been thinking about you guys these past few days and hope and pray everything works out for you. Take care and let me know if I can help in any way.

Purvi

Purvi Patel
Market Analyst
Tampa Electric Company-Wholesale Marketing and Sales
813-225-5098-phone
813-275-3810-fax
pnpatel@tecoenergy.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/25/2000
02:19 PM ---------------------------

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 08/11/2000 03:39:39 PM
To: <Vince.J.Kaminski@enron.com>
cc: <rlbryant@andrew.cmu.edu>
Subject: Re: MSCF Speaker Series

Thx,

We are very anxious to hear her answer

Pierre-Philippe Ste-Marie
--------------------------------------
pstemarie.homestead.com
----- Original Message -----
From: <Vince.J.Kaminski@enron.com>
To: <stemarie@icubed.com>
Cc: <Mary.Alison.Bailey@enron.com>; <Vince.J.Kaminski@enron.com>
Sent: Friday, August 11, 2000 10:55 AM
Subject: Re: MSCF Speaker Series

>
> Pierre-Philippe,
>
> I have contacted Allison Bailey to ask her to move her visit
> to the campus to coincide with my presentation.
> I hope to hear from her soon.
>
> Vince Kaminski
>
> P.S.  Nice WEB site
>
>
>
>
>
>
>
> "Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 08/10/2000 05:13:53
PM
>
> To:   <vkamins@enron.com>
> cc:
> Subject:  MSCF Speaker Series
>
>
>
> Dear Mr. Kaminsky,
>
> Just checking if there was any progress... or  anything I could do to help
> you.
>
> Sincerely,
>
> Pierre-Philippe  Ste-Marie
> --------------------------------------
> pstemarie.homestead.com
>
>
>
>
>


There are several deals in the system for this month under this CP name.  If
this is supposed to be Los Angeles Department of Water and Power, please
change these deals and let me know when they have been changed.  There have
never been any deals under LADWPPX and I would like to inactivate if we are
not going to use this record ofr the California PX.  Please research and let
me know.

Deals
475790
476694
476701
476703
476713
479072
479076
479268
479335


Barbara,

Thanks.

Vince

Barbara G Dillard@ENRON
01/11/2000 10:51 AM
Sent by: Barbara G Dillard@ENRON
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Congratulations!!!

Vince:

Congratulations on your promotion!!

Barbara


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/23/2001
04:55 PM ---------------------------

Phillip K Allen
04/23/2001 09:40 AM
To: Matthew Lenhart/HOU/ECT@ECT
cc:

Subject: Re: Resume

Have him send his resume to Karen Buckley in HR.  There is a new round of
trading track interviews in May.