1.  When you buy from the imbalance(Services 2mw for HE 17-22) please make sure that you buy from the correct zone(i.e.  if finals have sp load dec'd then the buy from the imbalance in enpower needs to be in sp).  Day shift, assumed the ISO would make a buy from NP and for 3 hours they dec'd SP load.  Even better if you know that you are going to buy from the imbalance then submit a schedule that is BALANCED,  in this case they should have created a new load zone in SP under the Services book and inserted a -2 for HE 17-22.  As always we don't want to buy from the imbalance but if all other options have been exhausted then at least submit your preferred zone to purchase from rather than leaving the ISO to roll the dice and force balance you how ever they want.

2.  Unless I have been informed incorrectly, we should be accounting for bloomberg fees as a fee rather than sticking it the price.  This should make the SAR and settlements just a little easier.


Em,

I cannot believe you ran into Ben Affleck!!!  I'm sure it's just the first of
many celebrity sightings you will have in Jolly Old England.  I had an
absolutely incredible time in San Diego with Julie.  We went to the beach
(where I was able to lay-out and not sweat!), shopped a ton, attended the
symphony and got messages.  All in all it was an extremely relaxing weekend.
Yesterday, I was in Austin for a recruiting trip and got to see Corey's new
house in Hyde Park - very cute.

So I got back to work today, Wednesday, and still no word from Mr. Noble.
Just to refresh, the last time I heard from him (email) was Thursday
morning.  You'd be proud of me though as I have refrained from any form of
contact and plan to continue that route only deviating if/when it becomes
necessary for me to have a formal close to things.  I'm still hoping that
will not be the case but am fully prepared for the possibility that my brief
encounter with dating may be over for a while.

Sue


I believe this to be true.  I spoke with the Utilicorp lawyer when I
documented the "Australian" weather trade and discussed transfer of the
weather deal to the new master. We should talk to our Aquila trader.

	Tanya Rohauer
	06/06/2000 06:50 PM

		 To: Susan Bailey/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT
		 Subject: Re: UtiliCorp United Inc.

Do we know if this is where they plan to trade weather derivatives now
(instead of Aquila Risk)?

From: Susan Bailey on 06/06/2000 06:43 PM
To: Jefferson D Sorenson/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Pamela Sonnier/HOU/ECT@ECT, Souad
Mahmassani/Corp/Enron@ENRON, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON, Jean
Bell/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, Charlie Hoang/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John
Suttle/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Kevin P Radous/Corp/Enron@Enron@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Wendi LeBrocq/Corp/Enron@Enron, Brad
Schneider/Corp/Enron@Enron, Edward Sacks/Corp/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Jason
Peters/Corp/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Connie
Sutton/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Carrie Southard/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: UtiliCorp United Inc.

We have received the following executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 3, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   UtiliCorp United Inc.

Transactions Covered:  Approved for all products with the exception of: Pulp
& Paper
          Foreign Exchange


Teco Tap       30.000 / Enron ; 45.000 / HPL Gas Daily


This is the latest draft.  EES is also making some further changes (discussed
yesterday) which aren't reflected in this version.

----- Forwarded by Gerald Nemec/HOU/ECT on 12/01/2000 09:40 AM -----

	Gerald Nemec
	11/30/2000 06:17 PM

		 To: Mike D Smith/HOU/EES@EES, Bo Barnwell/HOU/EES@EES
		 cc: Mark Knippa/HOU/ECT@ECT
		 Subject: Master Service Agreement

The attached redline document includes the various language changes we
discussed today and some other small changes.  These are in addition to the
action items that EES was going to pursue.


Bob and Dick - as you requested, I am attaching a draft chronology letter for
your use. Please understand that this has not been blessed by our Law Dept as
it is only intended to provide guidelines for you.
If you require a formal version endorsed by Enron you need to let me know and
I'll run it by our attorney. Call me if you have any questions.

Dirk A.van Ulden
Director, Account and Facility Management
San Ramon District
(925) 543-3879
Fax (925) 543-3550
Dirk_vanUlden@enron.com


Here is the bike club info.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 03/03/2000
05:40 PM ---------------------------

	From:  Clay Spears                           03/03/2000 04:54 PM

To: Benjamin Rogers/HOU/ECT@ECT, Michael Danielson/HOU/ECT@ECT
cc:
Subject: ECC Info

---------------------- Forwarded by Clay Spears/HOU/ECT on 03/03/2000 04:54
PM ---------------------------

Amelia Alder@ENRON
03/02/2000 11:10 AM
To: Clay Spears/HOU/ECT@ECT
cc:
Subject: ECC Info

Here's what you need to join the club - good seeing you last night, and I'm
so glad you're riding with us this year!


This is SERC's response to NERC's Task Force letter.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 11/30/99
09:31 AM ---------------------------

Joe Hartsoe@ENRON
11/30/99 08:09 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: NERC Policy Interpretation Task Force

FYI
---------------------- Forwarded by Joe Hartsoe/Corp/Enron on 11/30/99 09:13
AM ---------------------------

Dave Mangskau
11/29/99 05:39 PM
To: Joe Hartsoe/Corp/Enron@ENRON, Richard Ingersoll/HOU/ECT@ECT
cc:

Subject: NERC Policy Interpretation Task Force

Joe & Dick:
Perhaps you have already received a copy of
this???
---------------------- Forwarded by Dave Mangskau/Corp/Enron on 11/29/99
03:53 PM ---------------------------

"William F Reinke" <wreinke@duke-energy.com> on 11/29/99 03:02:40 PM
To: garfield@firstenergycorp.com, dbevelhymer@tnsk.com, paul_evanson@fpl.com,
pete.landrieu@pseg.com, bharbour@soyland.com, Dave Mangskau/Corp/Enron@ENRON,
cdurkin@npcc.org, bzemanek@csw.com, jdavis06@apsc.com
cc: jmaughn@serc1.org

Subject: NERC Policy Interpretation Task Force

TO:  Regional Chairmen

Gentlemen:
     The attachment contains a letter from SERC to the NERC Chairman and the
Chairman of the Policy Interpretation Task Force, with a copy to the NERC
President, on the matter of the TVA/Enron dispute.  I wanted you to be aware
of
this communication.  I also want to be sure that you understand that our
concerns deal solely with reliability and due process issues.  Please advise
if
you have questions concerning this matter.

Sincerely,

William F Reinke
SERC Chairman

(See attached file: Serc Ltr to Neale and Hawks Nov 29.doc)

 - Serc Ltr to Neale and Hawks Nov 29.doc


please get together so that we will have the appropriate forward quantities
re: CES retail  in the book.
---------------------- Forwarded by Scott Neal/HOU/ECT on 04/27/2000 06:03 PM
---------------------------

	From:  Colleen Sullivan                           04/27/2000 11:11 AM

To: Scott Neal/HOU/ECT@ECT
cc:
Subject: CES Retail

 Here's the first one that was sent to Mark F. on 3/1/00.
---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 04/27/2000
10:49 AM ---------------------------

	From:  Colleen Sullivan                           03/01/2000 08:21 AM

To: Mark Friedman/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S
Shively/HOU/ECT@ECT
Subject: CES Retail

Mark,

We need to put the forward deal volumes in the books for the CES Retail term
deal (for April 2000 forward) as soon as possible.  For your information,
Chris Germany has the final spreadsheet that has all the term volumes and
prices in it.  I discussed this with Scott Neal and, although CES has a 10%
swing in the volumes they may nominate from month to month, he does want to
put those index positions into the appropriate books at the levels provided
to us by CES.

Please talk to Chris before entering any of the East Desk deals, since he
indicated that he may want to enter these deals because of the complexity of
them; however, I want to make sure they get run through TAGG, etc.  Anyway,
there are very few Central Desk deals and they definitely need to be put in
by your group (I think you're the right one).  Again, those deals should be
on the final Exhibit that Chris Germany can provide to you.  In addition, I
received an e-mail from the Central region scheduler, Cora Pendergrass,
showing their nominations for March--it will probably be a good idea to
compare the Exhibit to what they gave us for March just to make sure things
are matching up.  I'll e-mail that list to you separately.

If you have any questions or if I need to give this to someone else, please
advise.


I attach for your review the final draft of the proposed Enron U.S. Foreign
Corrupt Practices Act Policy.  As I mentioned this morning, this draft is the
result of many months of work by Mary Nell Browning, Bob Williams, Joe Dilg
(Vinson and Elkins) and Martin Weinstein (Foley and Lardner).  I would like
to roll this policy out early in the new year and so would appreciate
receiving your comments as soon as possible but not later than the end of
this year.

Please feel free to call me if you have any questions or need any
information.  Thanks.

Rob


Start Date: 1/17/02; HourAhead hour: 16;  HourAhead schedule download failed. Manual intervention required.


I have furniture scheduled for delivery to my home today.  The delivery guys have called to confirm that they will be at my home around 4:30.  I will be leaving the office today at 3:45.  I will return to the office on tomorrow.

Samantha M. Boyd
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803
Houston, Texas 77002
Ph:  (713) 853-9188
Fax:  (713) 646-3490


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/20/2000
08:42 AM ---------------------------

Angela Barnett
10/20/2000 08:22 AM
To: lsharis@msn.com, kttn0965@aol.com, Topey0661@aol.com,
dpepplejes@netscape.net, KCurley@tmh.tmc.edu, Judy Hernandez/HOU/ECT@ECT,
Saidia Matthews/NA/Enron@ENRON, Monique
Phillips/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, stacey.harris@ourclub.com
cc:
Subject: FW: TAG YOUR IT!!!!!!!!!!!!!11111

---------------------- Forwarded by Angela Barnett/HOU/ECT on 10/20/2000
08:21 AM ---------------------------

Nikki Johnson@ENRON
10/20/2000 08:08 AM
To: angela.barnett@enron.com, Tracy Harrison/NA/Enron@Enron,
kkjohnson@velocityexp.com, George D Smith/NA/Enron@ENRON, Anthony
Campos/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron, Gloria
Roberson/NA/Enron@Enron, Lois Ford/NA/Enron@ENRON
cc:
Subject: FW: TAG YOUR IT!!!!!!!!!!!!!11111

---------------------- Forwarded by Nikki Johnson/NA/Enron on 10/20/2000
08:04 AM ---------------------------

"Henderson, Janice" <jlhender@ollemail.alief.isd.tenet.edu> on 10/18/2000
09:45:45 AM
To: "'Nikki.Johnson@enron.com'" <Nikki.Johnson@enron.com>
cc:

Subject: FW: TAG YOUR IT!!!!!!!!!!!!!11111

Hey Nikki!
-----Original Message-----
From: Barber, Staci
Sent: Wednesday, October 18, 2000 9:42 AM
To: Owens, Veronica; 'elder family'; Henderson, Janice; Campbell, Nikki;
Hardee, Ossielen; 'sbarber@netg.com'; 'Stacy Dunn'; Watson, Tiffany
Subject: FW: TAG YOUR IT!!!!!!!!!!!!!11111

   > >  >

   > >  >
    > >  >  >> God's Tag
> >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Hit By God's Love
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  You can't tag me back!!!!  You have to tag
someone
   > >  else!!!!
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Consider yourself hit by
 > >  >  >> > >> > > > >
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                       |
 > >  >  >> > >> > > > >                   \   |   /
 > >  >  >> > >> > > > >                    \  |  /
 > >  >  >> > >> > > > >                     \ | /
 > >  >  >> > >> > > > >                      \ /
 > >  >  >> > >> > > > >          ____          ____
 > >  >  >> > >> > > > >         /          \___/        \
 > >  >  >> > >> > > > >       /              __           \
 > >  >  >> > >> > > > >      /        ___|    |____     \
 > >  >  >> > >> > > > >     |        |___      ____|     |
 > >  >  >> > >> > > > >      \              |    |            |
 > >  >  >> > >> > > > >       \             |    |           /
 > >  >  >> > >> > > > >         \           |    |         /
 > >  >  >> > >> > > > >           \         |    |        /
 > >  >  >> > >> > > > >             \       |    |     /
 > >  >  >> > >> > > > >               \     |__|    /
 > >  >  >> > >> > > > >                 \           /
 > >  >  >> > >> > > > >                   \       /
 > >  >  >> > >> > > > >                     \   /
 > >  >  >> > >> > > > >                      \/
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   The Love Of GOD!
* >  >  >> > >> > > > >   TAG EVERYONE YOU KNOW
* >  >  >> > >> > > > >   BEFORE THEY CAN TAG YOU.
* >  >  >> > >> > > > >   TAG SOMEONE TODAY,
* >  >  >> > >> > > > >   EXCEPT THE PERSON THAT HIT YOU.
* >  >  >> > >> > > > >   SORRY, NO TAG BACKS!
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   Go ye therefore to every neighbor
* >  >  >> > >> > > > >   Share my love with every man*
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   Tell the world the message
* >  >  >> > >> > > > >   Take it everywhere*
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   The world will know that you are Mine
* >  >  >> > >> > > > >   If in My name, you reach out your hand*
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   A friend loves at all times,
* >  >  >> > >> > > > >   and a brother is born of adversity
* >  >  >> > >> > > > >   Proverbs 17:17
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   Greater love has no one than this,
* >  >  >> > >> > > > >   that he lay down his life for his friends
* >  >  >> > >> > > > >   John 15:13
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  From me to you............
* >  >  >> > >> > > > >              Peace
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   Do not undermine your worth
* >  >  >> > >> > > > >   by comparing yourself with others.
* >  >  >> > >> > > > >   It is because we are different
* >  >  >> > >> > > > >   that each of us is special.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >   Do not set your goals
* >  >  >> > >> > > > >   by what other people deem important.
* >  >  >> > >> > > > >  Only you know what is best for you.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >            Do not take for granted
* >  >  >> > >> > > > >           the things closest to your heart.
* >  >  >> > >> > > > >           Cling to them as you would your
life,
* >  >  >> > >> > > > >           for without them, life is
meaningless.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Do not let your life slip through your
fingers
* >  >  >> > >> > > > >  by living in the past nor for the future.
* >  >  >> > >> > > > >  By living your life one day at a time,
* >  >  >> > >> > > > >  you live all the days of your life.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Do not give up when you still have something
to
  >give.
* >  >  >> > >> > > > >  Nothing is really over until the moment you
stop
  >trying.
* >  >  >> > >> > > > >  It is a fragile thread that binds us to each
other.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Do not be afraid to encounter risks.
* >  >  >> > >> > > > >   It is by taking chances
* >  >  >> > >> > > > >   that we learn how to be brave.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Do not shut love out of your life
* >  >  >> > >> > > > >  by saying it is impossible to find.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  The quickest way to receive love is to give
love;
* >  >  >> > >> > > > >  The fastest way to lose love is to hold it
too
  >tightly.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Do not dismiss your dreams.
* >  >  >> > >> > > > >  To be without dreams is to be without hope;
* >  >  >> > >> > > > >  To be without hope is to be without purpose.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Do not run through life so fast that you
forget
* >  >  >> > >> > > > >  not only where you have been,
* >  >  >> > >> > > > >  but also where you are going.
 > >  >  >> > >> > > > >
* >  >  >> > >> > > > >  Life is not a race, but a journey
* >  >  >> > >> > > > >  to be savored each step of the way.
 > >  >  >> > >> > > > >
 > >  >  >> > >> > > > >   @~~~-@~~~-@~~~-@~~~-@~~~-@~~~-@~~~-@~~~
* >  >  >> > >> > > > >   THIS MESSAGE HAS BEEN SENT TO YOU BECAUSE
YOU
* >  >  >> > >> > > > >   MEAN SOMETHING TO SOMEBODY... TO KEEP THE
* >  >  >> > >> > > > >   FRIENDSHIP OR RELATIONSHIP GOING, PLEASE
SEND IT
  >TO
* >  >  >> > >> > > > >   YOUR FRIENDS AND THOSE THAT YOU LOVE. IT
WILL KEEP
* >  >  >> > >> > > > >  YOUR FRIENDSHIP OR RELATIONSHIP GOING ON AND
ON.
  > >
  > >
  > >
  > >
  > >
  > >  _______________________________________________________
  > >  Get 100% FREE Internet Access powered by Excite
  > >  Visit http://freelane.excite.com/freeisp
<http://freelane.excite.com/freeisp>
  > >
 >
 >
 >
 >
 >
 >_______________________________________________________
 >Say Bye to Slow Internet!
 >http://www.home.com/xinbox/signup.html
 >

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
<http://www.hotmail.com> .
Share information about yourself, create your own public profile at
http://profiles.msn.com <http://profiles.msn.com> .


Attached for your review are revised versions of the Amendments to the SPA
and PDA and revisions to the Assignment of Interests.  Please note that these
comments are being distributed to the whole group simultaneously and are
subject to change.  Best regards.

Aaron P. Roffwarg
Bracewell & Patterson, LLP
South Tower Pennzoil Place
711 Louisiana St.
Houston, Texas 77002
(713) 221-1117 (Ph)
(713) 221-2184 (Fax)

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
and confirm that you have destroyed this information and any copies.
Thank you.

 - redpda.doc
 - redspa.doc
 - redaoi.doc


fyi
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on
07/07/2000 08:35 AM ---------------------------

Bob Klein
07/06/2000 05:12 PM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc: Rebecca Ford/HOU/ECT@ECT
Subject: UNIFY TO SAP INTERFACE---DAY 2

As on Day 1 we ran the UNIFY to SAP interface at 8:00 AM, Noon, and 3:00 PM.
Set out below are the results of these runs.

The interfaces for Enron North America (financial for gas, weather, and pulp
and paper) were error free.
The interfaces for ENA Global Products--Financial resulted in two invoices
not being accepted by SAP. This was due to a SAP error that has occurred
about three times in test. However, the SAP team cannot duplicate the error
in order to correct. They are still trying to find the root of this problem.
The two transactions which were not picked up by SAP were resent successfully.
The interfaces for ENA FX Financial uncovered a breakdown in the process. The
payment program for this entity is to be processed manually by the Accounts
Payable Dept. For July 5 and today, the AP Dept. forgot to process the
payment program resulting in nine payments (7 US $, 1 Canadian, and 1 GBP)
not  being paid. We were able to get all payments out today through SAP
except the GBP payment. The GBP non-payment was discovered by a counterparty
calling and stating that they did not received their funds. The US$ and
Canadian non-payments were discovered when we reviewed our bank statements
and found that the funds were not disbursed. For future interfaces, Bernard
is to call Treasury after each interface is processed to ensure that the
payments for this entity were received by them.

Bob


All,

When sending emails in regards to cuts or other things that occur in RT,
please send the emails to our entire group.

The address is:  Volume_Management_Portland

Thank you, it helps our process greatly.

Kourtney


Please see Shelley's e-mail address below!!!!

Thank you, Ricki

-----Original Message-----
From: Corman, Shelley
Sent: Sunday, December 16, 2001 11:32 PM
To: McFarland, Jean
Cc: Winters, Ricki
Subject: RE: email

Jean,

I am in Almaty.  It looks like a winter wonderland -- something out of Dr. Zhivago.

I can''t get my laptop to connect - so I am using the hotel computer.

Please advise my team and Ricki to send messages to compuserve address cormanerb@cs.com <mailto:cormanerb@cs.com> as it is much easier/faster to access than Enron mailman.  Also could you ask Lynn to temporarily have me removed from all the gas logistics daily phone and email update/weekend update messages.


-----Original Message-----
From: 	Rangel, Ina
Sent:	Friday, November 02, 2001 10:37 AM
To:	Rybarski, Amanda; Moore, Kevin G.; Hogan, Irena D.; Bates, Kimberly; Villarreal, Alexandra; Presas, Jessica; Young, Becky; Vuittonet, Laura; Quezada, Daniel
Cc:	Hardy, Kimberly; Panos, Jason; Hernandez, Jesus A
Subject:

Please forward to your groups

There is only 1 week left before moving into the new building.  There are two shredco containers located at EB3206E and in the freight elevator for documents that need shredding.  Also there will be a couple of large trash containers located on the 32nd floor today 11/2/01 and next Friday 11/9/01.   Please start the cleanup process.

Remember:

1.  You can only move 6 boxes per person plus equipment
2.  Take home all IPAQ'S, Blackberry's, Palm Pilots and Laptops Friday 11/9/01 so that nothing is misplaced
3.  If you have a cellular phone charger on your desk....don't forget to pack
4.  Clean out all Voicemails by 5:00 PM on Friday 11/9/01
5.  The new Enron Building will be closed to all until 5:00 AM on Monday Morning.  If you try to come up here, you will not be allowed in the     	building.
6.  Please give your User ID and Password to your assistant so she/he can make sure that everything is up and running for you on Monday 	morning.
7.  If you have a headset, please pack it.   They will not be installed until Monday morning.
8.  Since there are no amtels moving, please be sure you have MSN messenger installed in your computer because this is what your assistant 	will use to give you your
     messages. If you do not have it, your assistant can help you install it.
9.  Please label your PC, Boxes (on the ends), and cradles, scanners, etc.  You will have a new mouse and keyboard in the new building and your 	monitors will have speakers on them so you don't have

If you have any other questions or concerns, please let me know.

Many thanks!
Ina Rangel
Administrative Coordinator
Enron North America
713-853-7257 Voice
713-646-3604 Fax


we should go get some beers after work at that new place near tim called the
station or something.  let me know if you are in.


Please plan to attend a bi-weekly meeting at the request of Louise Kitchen on
the following dates:

3/26/01
4/9/01
4/23/01

The meetings will take place at 9:00 a.m. in Louise's office EB3314.  The
subject of the meeting will be the IT Project.  Please let me know if you
have any conflicts.

Thanks,

Tammie
x34220


Looks like we'll be staying the night and leaving in the AM.


As the November elections approach, I encourage everyone to exercise your right to be heard and to make a difference through your vote.  To do so, you'll need to have a valid voter's registration.  If you do need to register, please visit your county's website or call your county election officials to learn the procedures and timing.

For Houston-based employees:
The deadline for voter registration in Texas is October 9.  Voter registration forms are available at the InfoZone in the lobby, but if you choose to mail your form please allow enough time for the postal service to deliver your form.  See the following list if you need to obtain election information pertaining to Harris and surrounding counties.  As the election date nears, Harris county voters' guides will be available at the InfoZone in the lobby.

Harris		713-368-2309
Montgomery	936-539-7843
Waller		979-826-7643
Brazoria	979-864-1320
Fort Bend	281-341-8670
Liberty		936-336-4629
Chambers	409-267-8301
Galveston	409-766-2280


these were the only things missing from this draw which we received today.
-----Original Message-----
From:   Irene Hargy
Sent:   Wednesday, May 09, 2001 8:04 AM
To:     Fernando Parra
Cc:     Shelly Lambert
Subject:        Jeffrey Skilling Loan # 10386513
Have received a draw request on the above and have ordered the inspection, however, we will need the following items prior to funding:
Borrowers signature on the 3 page draw request
Borrowers signature on the Contractors Disbursement Disclosure
Borrowers signature on Change order #26
Please forward to my attention.
Thanks!
Irene Hargy Ext 21284
CONFIDENTIALITY NOTICE:
************************************************************************
The information contained in this ELECTRONIC MAIL transmission
is confidential.  It may also be privileged work product or proprietary
information. This information is intended for the exclusive use of the
addressee(s).  If you are not the intended recipient, you are hereby
notified that any use, disclosure, dissemination, distribution [other
than to the addressee(s)], copying or taking of any action because
of this information is strictly prohibited.
************************************************************************


CACT NG sheet for Monday


I am recommending Linda Robertson (currently Assistant Secretary for the
Department of the Treasury) for the position Vice President and General
Manager of Federal Government Affairs.  Linda would head our Washington, D.C.
office, replacing Joe Hillings who will be retiring early next year.

 Linda has interviewed with Ken Lay, Tom White, Mike McConnell and Jeff
Shankman, who join me in this recommendation.

 Attached are biographical information on Linda and a National Journal
article identifying Linda among the "Washington 100".

 We have conducted extensive reference checks on Linda.  Included among those
was Secretary Summers who said:

"Nobody I know has the determination she has to get objectives met."
"Far more capacity to grasp the details than anyone I've seen."

 On Monday, I will seek Executive Committee approval to extend the offer to
Linda.


Notice No. 01-58
February 16, 2001

TO:
All NYMEX Members/Member Firms
All NYMEX Clearing Members
All NYMEX Floor Traders
All NYMEX Operations Managers

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing
Members
________________________________________________________________

The expiration date for the March 2001 options contract for Cinergy (NOH1),
Entergy (OTH1), Palo Verde (VOH1) and Cob (WOH1) is Thursday, February 22,
2001.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trade=s adjusted for the previous 4 business
days by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers ATO@ your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer AFROM@ your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

STANDARD EVENT   APPROXIMATE TIME USUAL         FAST FACTS(F)
MESSAGES   OF MESSAGE  EVENT TIME E-MAIL    (E)
           AVAILABILITY    BOTH      (B)

Announce Out-of-the        5:45PM   5:45PM  F
Money Exercise and In-the-Money
Do Not Exercise Submissions

Announce Final Input to C21   6:30PM   6:45PM  E
Cutoff Time

All positions are deemed final          7:30PM   6:45PM  F

Announce Exercise/Assignment   8:25PM   8:30PM  B
Information Available on the Single
Position Maintenance Windows

All Report Distribution is  11:00PM  11:00PM  F
completed

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

__________________________________________________
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=(01-58)"

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.


Start Date: 3/7/01; HourAhead hour: 7;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030707.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the
FINAL Individual Interchange Schedule.  Unable to assign deal number.


3,942 at BrCobb K#34826
2,821 from ENA Pool
3,035 at A06 K#53858
3,026 at c-16 Tetco Delmont K# TBDetermined

Please use 69707, 69708 & 66940 as Feb

COH on it's way


Are you going?  If so, I'll see you there.  DF


Please send me info regarding addresses / contacts for these amendments.
  THX

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


going going gone - he was bitter and uncurable:

Left Calpine (and a bunch of options) 2.5 years ago

Did great his first year

Floundered last year

Joined my group in January - felt like he got screwed by Presto and Jacoby

Never got any traction in my group

He will be a better counterparty - left on good terms, not sure where he's going yet

Chris Calger
503-464-3735

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, July 02, 2001 12:31 PM
To:	Calger, Christopher F.
Subject:	So Heally...................................................................


I want to remind everyone when NNG calls on the Carlton Resolution, we can NOT
	allow ANY deliveries at Carlton.

	At each cycle, please be sure you monitor any deliveries at Carlton
	and let Steve, Gary or Darrell know if you see any nominations.  At that
	point Carlton Deliveries should be allocated to zero (0).

	If you have any questions, or we need to discuss further, please let me know.
	Thanks. Lynn


No problem

Stacey

 -----Original Message-----
From: 	Causholli, Monika
Sent:	Monday, October 29, 2001 10:19 AM
To:	Wales, Stacey
Subject:	Presentation template

hey Stacey,

thanks for sending me the presentation template.

Monika


By way of letter to TransAlta,  I have incorporated administrative
information as provided by TransAlta as a part of Exhibit "A".

dp

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


Chicago - joliet markets?Chicago - joliet markets?


Transwestern's average deliveries to California were 957 MMBtu/d (88%), with San Juan lateral throughput at 872 MMBtu/d.  Total East deliveries averaged 470 MMBtu/d.

El Paso's average deliveries to California were 1857 MMBtu/d (70%):
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 578 MMBtu/d (51%)
- SoCalEhr, capacity 981 MMBtu/d, deliveries of 823 MMBtu/d (84%)
- SoCalTop, capacity 535 MMBtu/d, deliveries of 456 MMBtu/d (85%)

Friday's posted Gas Daily prices:
	SoCal gas, large pkgs	  2.31 (+.185)
	PG&E, large pkgs	  2.26 (+.23)
	TW San Juan		  2.06 (+.39)
	TW Permian		  2.19 (+.22)

Enron Online bases:
		Nov-Mar		Apr-Oct
Perm-CA	.21 (+.05)	    	.23 (+.03)
SJ - CA	.28 (+.04)  	       	.44 (+.01)
SJ-Waha	.10 (-.01)	       	.26 (-.01)
Perm-Waha	.03 (even)                 	.04 (even)


---------------------- Forwarded by Darron C Giron/HOU/ECT on 05/02/2001
04:33 PM ---------------------------

Jona Kimbrough@ENRON
05/02/2001 02:56 PM
To: Laura Luce/Corp/Enron@Enron, Gregg Penman/Corp/Enron@Enron,
t.hermann@pecorp.com, Barbara G Dillard/Corp/Enron@Enron, Cary M
Carrabine/Corp/Enron@Enron, Steve Richman/Corp/Enron@ENRON, Richard
Tomaski/Corp/Enron@Enron, Kevin P Radous/Corp/Enron@Enron, Russell E
Murrell/Corp/Enron@Enron, Roy Rodriguez/Corp/Enron@ENRON, Lee
Fascetti/Corp/Enron@Enron, t.compton@pecorp.com, a.akkerman@pecorp.com,
R.hayes@pecorp.com, d.wear@pecorp.com, r.delara@pecorp.com,
M.ansari@pecorp.com, K.Staszak@pecorp.com, l.thomas@pecorp.com,
J.slechta@pecorp.com, w.morrow@pecorp.com, w.quigley@pecorp.com,
t.puracchio@pecorp.com, james.simpson@enron.com, robin.rodrigue@enron.com,
rfox@peprod.com, s.nance@peprod.com, hunter.shively@enron.com,
j.pappalardo@pecorp.com, t.patrick@pecorp.com, daryll.fuentes@enron.com,
darron.c.giron@enron.com, c.blachut@pecorp.com, Lisa Kinsey/HOU/ECT@ECT,
Robert Superty/Enron@EnronXGate
cc:
Subject: Cubs Invitation


OK

 -----Original Message-----
From: 	Slone, Jeanie
Sent:	Wednesday, October 17, 2001 9:28 AM
To:	Kitchen, Louise
Subject:	Bridgeline

Louise,
Please confirm that you would like to deliver stock options to the Enron employees seconded to Bridgeline to compensate for the fact that they did not recieve the Aug.21 Special Option grant.  We will process this as soon as we have your approval.


ok I will call you then.

>>> "Davis, Dana" <Dana.Davis@ENRON.com> 10/24/01 09:24AM >>>
You may reach me at 713 853-7520.

-----Original Message-----
From: Wendy Koebernick [mailto:wendykoeb@springisd.org]
Sent: Wednesday, October 24, 2001 8:01 AM
To: Davis, Dana
Subject: phone call

Sorry I did not get a chance to call you yesterday.  I will call you
today on my conference time at 2:15.  Please let me know where I can
reach you.

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


-----Original Message-----
From: 	"John D. Martin" <J_Martin@baylor.edu>@ENRON [mailto:IMCEANOTES-+22John+20D+2E+20Martin+22+20+3CJ+5FMartin+40baylor+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 28, 2001 8:15 AM
To:	Kaminski, Vince J
Subject:	Second paper looks interesting

>Approved-By: approve@SSRN.COM
>Date:         Mon, 27 Aug 2001 16:57:39 -0500
>Reply-To: admin@SSRN.COM
>Sender: "Capital Markets: Asset Pricing and Valuation Working Paper
      Abstracts" <CAPITAL-MARKETS-ASSETS-WPS@PUBLISHER.SSRN.COM>
>From: "G. William Schwert" <W_Schwert@SSRN.COM>
>Subject:      FEN CapMkts-Asset WPS Vol. 4, No. 36, 08/27/2001
>To: CAPITAL-MARKETS-ASSETS-WPS@PUBLISHER.SSRN.COM
>X-OriginalArrivalTime: 28 Aug 2001 00:33:49.0999 (UTC)
FILETIME=[1B5143F0:01C12F59]
>
>_________________________________________________________________
>
>        C A P I T A L   M A R K E T S   A B S T R A C T S:
>      A S S E T   P R I C I N G   A N D   V A L U A T I O N
>                      Working Paper Series
>                 Vol. 4,  No. 36: August 27, 2001
>_________________________________________________________________
>
>Publisher:     FEN Subject Matter Journals
>               a division of
>               Social Science Electronic Publishing, Inc. (SSEP)
>               and Social Science Research Network (SSRN)
>
>Editor:        G. WILLIAM SCHWERT
>               Distinguished University Professor of Finance and
>               Statistics, University of Rochester
>               National Bureau of Economic Research (NBER)
>               Mailto:schwert@ssb.rochester.edu
>
>Copyright:     SSEP, Inc. 2001. All rights reserved.
>
>Leading Social Science Research Delivered To Your Desktop
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>
>SEARCHING THE SSRN ELECTRONIC LIBRARY
> To search the entire SSRN Electronic Library by author, title,
> JEL code, or full text of the abstracts in our database, please
> visit http://papers.ssrn.com/
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> http://www.ssrn.com/link/asset-pricing-valuation.html
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>
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>T A B L E   of   C O N T E N T S
>_________________________________________________________________
>
>
>"Trading Turkey's External and Internal Risks: A Value at Risk
> Analysis"
>     KURT DEW
>        Isik University
>
>
>"Regime Jumps in Electricity Prices"
>     RONALD HUISMAN
>        Erasmus University
>     RONALD MAHIEU
>        Erasmus University
>
>
>"Labor Income and Predictable Stock Returns"
>     TANO SANTOS
>        Graduate School of Business, University of Chicago
>     PIETRO VERONESI
>        University of Chicago
>        Graduate School of Business
>
>
>"Earnings Quality and Stock Returns"
>     KONAN CHAN
>        National Taiwan University
>     LOUIS K.C. CHAN
>        University of Illinois at Urbana-Champaign
>     NARASIMHAN JEGADEESH
>        University of Illinois at Urbana-Champaign
>     JOSEF LAKONISHOK
>        University of Illinois at Urbana-Champaign
>        National Bureau of Economic Research (NBER)
>
>
>"Opinion-Producing Agents: Career Concerns and Exaggeration"
>     ERIC ZITZEWITZ
>        Stanford University
>
>
>"The Idiosyncratic Nature of Sibling ADRs Issued by Mexican
> Firms: A Clinical Study"
>     J. MICHAEL PINEGAR
>        Brigham Young University
>     RAVI RAVICHANDRAN
>        Northern Arizona University
>        College of Business Administration
>
>
>"Comparing the Quality of Three Earnings Measures"
>     LAWRENCE D. BROWN
>        Georgia State University
>     KUMAR N. SIVAKUMAR
>        Georgia State University
>
>
>"The Timing of Initial Public Offerings: A Real Option Approach"
>     JASON DRAHO
>        Yale University
>
>
>S S R N   I N F O R M A T I O N
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> accept abstracts of working papers in Capital Markets: Asset
> Pricing and Valuation whose topics suit the coverage of the
> journal and which are part of the worldwide scholarly discourse.
>
>W O R K I N G   P A P E R   A B S T R A C T S
>_________________________________________________________________
>
>"Trading Turkey's External and Internal Risks: A Value at Risk
> Analysis"
>
>      BY:  KURT DEW
>              Isik University
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=271891
>
>    Date:  June 1, 2001
>
> Contact:  KURT DEW
>   Email:  Mailto:kdew@isikun.edu.tr
>  Postal:  Isik University
>           Department of Administrative Sciences
>           Buyukdere Caddesi
>           Ayasaga
>           Maslak, Istanbul 80670   TURKEY
>   Phone:  +90 212 286-2960
>     Fax:  +90 212 286-7775
>
>ABSTRACT:
> In earlier work we showed we could not reject the hypothesis
> that returns to investments in Turkey's stock market were
> positive functions of risk generated by the World outside Turkey
> and by risks unique to Turkey. We found statistical evidence of
> Turkey's internal risks producing substantial returns and
> changes in returns over time. This article carries the analysis
> further by bringing our earlier results into a more concrete
> environment, asking whether these risks can be profitably
> managed as a practical matter. In particular we consider results
> of two strategies in trading cross-market portfolios. We examine
> a long position in the ISE Dollar Return Index, offset by a
> short position in the S&P 500 Composite Total Returns Index. In
> this analysis we verify profitability directly by computing
> actual profit produced by an implementable trading strategy. We
> identify our two portfolio management strategies using
> Value-at-Risk-inspired measures of risk and return. We also
> examine the importance of secondary issues in portfolio
> management, such as identification of buy and sell signals and
> selection of a trading position.
>
> We examine two issues determining the performance of a trading
> position in this cross-market portfolio. First, are there
> predictable and substantial periods of time when it is good to
> be long Turkey and short the Rest of the World and the reverse?
> Second, how important is it to monitor the time path of the
> risks unique to Turkey's Financial Markets in comparing returns
> in Turkish and World Markets? Our answers are first, Yes and
> second, Very.
>
> Keywords: Risk Targeting, Turkey, GARCH-M, heteroscedasticity,
> Historical simulation, Value at Risk, Portfolio Management, Risk
> Management
>
>
>JEL Classification: G11, G15
>______________________________
>
>"Regime Jumps in Electricity Prices"
>
>      BY:  RONALD HUISMAN
>              Erasmus University
>           RONALD MAHIEU
>              Erasmus University
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=271910
>
>    Date:  June 2001
>
> Contact:  RONALD HUISMAN
>   Email:  Mailto:r.huisman@fbk.eur.nl
>  Postal:  Erasmus University
>           Rotterdam School of Management
>           P.O. Box 1738
>           3000 DR Rotterdam,   THE NETHERLANDS
>   Phone:  +31 10 408 2790
>     Fax:  +31 10 408 9017
> Co-Auth:  RONALD MAHIEU
>   Email:  Mailto:r.mahieu@fbk.eur.nl
>  Postal:  Erasmus University
>           3000 DR Rotterdam,   THE NETHERLANDS
>
>ABSTRACT:
> Electricity prices are known to be very volatile and subject to
> frequent jumps due to system breakdown, demand shocks, and
> inelastic supply. As many international electricity markets are
> in some state of deregulation, more and more participants in
> these markets are exposed to these stylised facts. Appropriate
> pricing, portfolio, and risk management models should
> incorporate these facts. Authors have introduced stochastic jump
> processes to deal with the jumps, but we argue and show that
> this specification might lead to problems with identifying the
> true mean-reversion within the process. Instead, we propose
> using a regime jump model that disentangles mean-reversion from
> jump behaviour. This model resembles more closely the true price
> path of electricity prices.
>
> Keywords: Electricity prices, mean-reversion, jump modelling,
> energy finance
>
>______________________________
>
>"Labor Income and Predictable Stock Returns"
>
>      BY:  TANO SANTOS
>              Graduate School of Business, University of Chicago
>           PIETRO VERONESI
>              University of Chicago
>              Graduate School of Business
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=272118
>
>Paper ID:  NBER Working Paper W8309
>    Date:  June 2001
>
> Contact:  TANO SANTOS
>   Email:  Mailto:jesus.santos@gsb.uchicago.edu
>  Postal:  Graduate School of Business, University of Chicago
>           1101 East 58th Street
>           Chicago, IL 60637  USA
>   Phone:  773-834-0769
>     Fax:  773-702-0458
> Co-Auth:  PIETRO VERONESI
>   Email:  Mailto:pietro.veronesi@gsb.uchicago.edu
>  Postal:  University of Chicago
>           Graduate School of Business
>           1101 East 58th Street
>           Chicago, IL 60637  USA
>
>Paper Requests:
> Full-Text downloads are available from SSRN Online for $5.
>
>ABSTRACT:
> We propose and test a novel economic mechanism that generates
> stock return predictability on both the time series and the
> cross section. In our model, investors' income has two sources,
> wages and dividends, that grow stochastically over time. As a
> consequence, the fraction of total income produced by wages
> changes over time de-pending on economic conditions. We show
> that as this fraction fluctuates, the risk premium that
> investors require to hold stocks varies as well. We test the
> main implications of the model and find substantial support for
> it. A regression of stock returns on lagged values of the labor
> income to consumption ratio produces statistically significant
> coefficients and adjusted R2 's that are larger than those
> generated when using the dividend price ratio. Tests of the
> cross sectional implication find considerable improvements on
> the performance of both the conditional CAPM and CCAPM when
> compared to their unconditional counterparts.
>
>
>JEL Classification: G1
>______________________________
>
>"Earnings Quality and Stock Returns"
>
>      BY:  KONAN CHAN
>              National Taiwan University
>           LOUIS K.C. CHAN
>              University of Illinois at Urbana-Champaign
>           NARASIMHAN JEGADEESH
>              University of Illinois at Urbana-Champaign
>           JOSEF LAKONISHOK
>              University of Illinois at Urbana-Champaign
>              National Bureau of Economic Research (NBER)
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=272119
>
>Paper ID:  NBER Working Paper W8308
>    Date:  June 2001
>
> Contact:  LOUIS K.C. CHAN
>   Email:  Mailto:l-chan2@ux6.cso.uiuc.edu
>  Postal:  University of Illinois at Urbana-Champaign
>           Department of Finance
>           113 Commerce West, MC 706
>           1206 South Sixth Street
>           Champaign, IL 61820  USA
>   Phone:  217-333-6391
>     Fax:  217-244-3102
> Co-Auth:  KONAN CHAN
>   Email:  Mailto:kchan@mba.ntu.edu.tw
>  Postal:  National Taiwan University
>           Department of Finance
>           6F, 50, Lane 144, Keelung Road
>           Section 4
>           Taipei, Taiwan 106   ROC
> Co-Auth:  NARASIMHAN JEGADEESH
>   Email:  Mailto:jegadees@cba.uiuc.edu
>  Postal:  University of Illinois at Urbana-Champaign
>           College of Business
>           Champaign, IL 61820  USA
> Co-Auth:  JOSEF LAKONISHOK
>   Email:  Mailto:lakonish@ux1.cso.uiuc.edu
>  Postal:  University of Illinois at Urbana-Champaign
>           Department of Finance
>           340 Commerce West, MC 706
>           1206 South Sixth Street
>           Champaign, IL 61820  USA
>
>Paper Requests:
> Full-Text downloads are available from SSRN Online for $5.
>
>ABSTRACT:
> An exclusive focus on bottom-line income misses important
> information about the quality of earnings. Accruals (the
> difference between accounting earnings and cash flow) are
> reliably, negatively associated with future stock returns.
> Earnings increases that are accompanied by high accruals,
> suggesting low-quality earnings, are associated with poor future
> returns. We explore various hypotheses - earnings manipulation,
> extrapolative biases about future growth, and under-reaction to
> business conditions - to explain accruals' predictive power.
> Distinctions between the hypotheses are based on evidence from
> operating performance, the behavior of individual accrual items,
> and discretionary versus nondiscretionary components of
> accruals.
>
>
>JEL Classification: G12, G14, M41, M43
>______________________________
>
>"Opinion-Producing Agents: Career Concerns and Exaggeration"
>
>      BY:  ERIC ZITZEWITZ
>              Stanford University
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=272172
>
>           Other Electronic Document Delivery:
>           http://web.mit.edu/ericz/Public/chapter2.pdf
>           SSRN only offers technical support for papers
>           downloaded from the SSRN Electronic Paper Collection
>           location. When URLs wrap, you must copy and paste
>           them into your browser eliminating all spaces.
>
>    Date:  June 2001
>
> Contact:  ERIC ZITZEWITZ
>   Email:  Mailto:zitzewitz_eric@gsb.stanford.edu
>  Postal:  Stanford University
>           Stanford, CA 94305-5015  USA
>
>ABSTRACT:
> This paper models the incentives created by career concerns for
> opinion-producing agents. We find that career concerns can
> create an incentive for exaggeration or anti-herding, since
> high-ability agents will have opinions that are more different
> from the consensus on average and potential clients will learn
> more quickly about how different an agent's opinions are from
> the consensus on average that about whether or not they are
> exaggerating. The model predicts that agents should exaggerate
> more when they are under-rated by their clients, when the
> realizations of the variables they are forecasting are expected
> to be especially noisy, and when they expect to make fewer
> future forecasts. We find that these predictions are consistent
> with the empirical data on equity analyst's earnings forecasts.
>
> Keywords: Herding, Career Concerns, Reputation, Learning
>
>
>JEL Classification: D8, G0, M4
>______________________________
>
>"The Idiosyncratic Nature of Sibling ADRs Issued by Mexican
> Firms: A Clinical Study"
>
>      BY:  J. MICHAEL PINEGAR
>              Brigham Young University
>           RAVI RAVICHANDRAN
>              Northern Arizona University
>              College of Business Administration
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=272175
>
>    Date:  May 2001
>
> Contact:  J. MICHAEL PINEGAR
>   Email:  Mailto:jmp5@email.byu.edu
>  Postal:  Brigham Young University
>           Provo, UT 84602  USA
>   Phone:  801-378-3088
>     Fax:  801-378-5984
> Co-Auth:  RAVI RAVICHANDRAN
>   Email:  Mailto:Ravi.Ravichandran@nau.edu
>  Postal:  Northern Arizona University
>           College of Business Administration
>           PO Box 15066
>           Flagstaff, AZ 86011  USA
>
>ABSTRACT:
> We examine the relative prices of "sibling" American Depositary
> Receipts (ADRs). These ADRs are issued by the same foreign firms
> against shares with different voting rights. Though superior and
> inferior voting siblings begin their US trading experience at
> nearly equal values, relative prices of Mexican and non-Mexican
> sibling ADRs quickly move in opposite directions. Superior
> voting ADRs command a median premium for non-Mexican firms, but
> a median discount for Mexican issuers. The Mexican evidence
> represents an extreme exception to the inverse relation between
> the voting premium documented in other countries and the degree
> of legal protection enjoyed by outside shareholders. This
> apparent anomaly cannot be explained by differences in cash flow
> rights, total or systematic risk, liquidity, voting control of
> major blockholders, or ownership restrictions. Despite voting
> premiums and discounts, neither sibling in most pairs appears to
> have been an attractive investment for US investors.
>
>
>JEL Classification: G12, G15, G34
>______________________________
>
>"Comparing the Quality of Three Earnings Measures"
>
>      BY:  LAWRENCE D. BROWN
>              Georgia State University
>           KUMAR N. SIVAKUMAR
>              Georgia State University
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=272180
>
>    Date:  May 2001
>
> Contact:  KUMAR N. SIVAKUMAR
>   Email:  Mailto:ksivakumar@gsu.edu
>  Postal:  Georgia State University
>           Atlanta, GA 30302  USA
>   Phone:  404-651-4486
> Co-Auth:  LAWRENCE D. BROWN
>   Email:  Mailto:accldb@langate.gsu.edu
>  Postal:  Georgia State University
>           College of Business Administration
>           5th Floor
>           35 Broad Street
>           Atlanta, GA 30303  USA
>
>ABSTRACT:
> We use data during 1989-97 to compare the quality of three
> quarterly earnings measures: 'The Street', a pro-forma operating
> income proxy obtained from firms' earnings releases and two
> earnings measures obtained from 10-Q and 10-K reports: EPS from
> operations and EPS before extraordinary items and discontinued
> operations. Three techniques are used to assess quality:
> predictive ability, valuation relevance and information content.
> Predictive ability is examined by determining which measure is
> the most accurate predictor of future quarterly earnings four
> quarters hence. We assess valuation relevance by identifying
> which earnings measure has the most explanatory power and the
> highest earnings multiplier. We determine information content by
> finding which measure has the most explanatory power and
> generates the highest earnings response coefficient. Based on
> our three techniques to assess earnings quality, we find that a
> timely pro-forma operating income measure released by managers
> ('The Street') is of higher quality than either EPS from
> operations or EPS before extraordinary items and discontinued
> operations. Regulators are concerned that users of financial
> statements are misled by pro-forma earnings releases, and that
> they should rely instead on information in financial reports.
> Our findings suggest that users of financial information can
> obtain higher quality earnings measures using pro-forma
> operating income numbers released by managers than they can by
> perusing less timely 10-Q and 10-K filings with the Securities
> and Exchange Commission.
>
>
>JEL Classification: M41, G12
>______________________________
>
>"The Timing of Initial Public Offerings: A Real Option Approach"
>
>      BY:  JASON DRAHO
>              Yale University
>
>Document:  Available from the SSRN Electronic Paper Collection:
>           http://papers.ssrn.com/paper.taf?abstract_id=271351
>
>    Date:  December 20, 2000
>
> Contact:  JASON DRAHO
>   Email:  Mailto:jason.draho@yale.edu
>  Postal:  Yale University
>           New Haven, CT 06520-8200  USA
>   Phone:  203-432-3595
>
>ABSTRACT:
> This paper analyzes the timing of IPOs by treating the
> going-public decision as a real option. Investors value the
> private firm using publicly observed market prices of firms from
> the same industry. With stochastically evolving market values
> firm insiders want to leave open the option of taking the firm
> public later, after a positive price shock. Going public
> exercises this option, which must be viewed as a cost of
> undertaking an IPO. Optimal exercising of the option dictates
> that IPOs should only occur after price run-ups. Firms never go
> public in a down market because the value of waiting is too
> great. These incentives can lead to clustering of IPOs near
> market peaks. The results generalize to seasoned issues. Each
> equity offering is for a unique fraction of the total ownership
> claim for the firm and is associated with its own timing option.
> Each equity issue is independent of all the others, and
> therefore the timing of an offering is unaffected by subsequent
> issues. Each equity issue is likely to follow an abnormal price
> increase.
>
> Keywords: IPO, real option, timing
>
>
>JEL Classification: G32, G12
>
>
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Critical Migration Information:

1. Your scheduled Outlook Migration Date is TONIGHT !!!!!
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James:
I talked with Thomas Favinger and Tom Boren is the CEO of PG&E, which is not
the best guy to send the books to.  The better person is Thomas Favinger and
his address is:

Thomas Favinger
PG&E National Energy Group
7500 Old Georgetown Road
Bethesda, Maryland 20814

Phone: (301) 280-6231
Fax: (301) 280-6911

National Energy Group is the sub of PG&E.
So please send out 2 books to Thomas tonight.  Thanks!
Ben


Sounds like we are still in the hunt.
-----Original Message-----
From: Smalley, Dave [mailto:SmalleyD@prpa.org]
Sent: Tuesday, November 06, 2001 12:04 PM
To: Whitt, Mark
Subject: RE: Gas Supply Proposal

We met with one other entity last week and have one more meeting this
week...once we receive proposals from all the entities we have met with, we
are planning to review with our management group and make a decision  -- we
hope to have this completed over the next few weeks.

David Smalley
Platte River Power Authority
Phone:  970.229.5256
Fax: 	 970.229.5223

 -----Original Message-----
From: 	Whitt, Mark [mailto:Mark.Whitt@ENRON.com]
Sent:	Tuesday, November 06, 2001 11:35 AM
To:	Smalley, Dave
Subject:	Gas Supply Proposal

How is it going?  I was just checking in to see where you stood on the
selection of your gas supplies.

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
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----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 12:42 PM -----

	Alan Comnes@ECT
	03/06/2001 12:00 PM

		 To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Chris H
Foster/HOU/ECT@ECT
		 cc: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT
		 Subject: FW: EIX, PCG: Governor Announces Forward Contracts; CPUC to Discuss
Revenue Allocation

FYI.  Davis is including the CalPX BFM contracts that he seized a while back
and is valueing them at some undisclosed amount.

GAC
---------------------- Forwarded by Alan Comnes/PDX/ECT on 03/06/2001 09:47
AM ---------------------------
From: Chip Schneider/ENRON@enronXgate on 03/06/2001 08:00 AM CST
To: William S Bradford/ENRON@enronXgate, Michael Tribolet/ENRON@enronXgate,
James D Steffes/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christopher F
Calger/PDX/ECT@ECT, W David Duran/HOU/ECT@ECT, Greg Blair/Corp/Enron@Enron,
George Schaefer/NA/Enron@Enron, Terry W Donovan/HOU/ECT@ECT
cc:

Subject: FW: EIX, PCG: Governor Announces Forward Contracts; CPUC to Discuss
Revenue Allocation

 -----Original Message-----
From:  Paul Patterson <Paul_Patterson@xmr3.com>@ENRON
[mailto:IMCEANOTES-Paul+20Patterson+20+3CPaul+5FPatterson+40xmr3+2Ecom+3E+40EN
RON@ENRON.com]
Sent: Tuesday, March 06, 2001 7:13 AM
To: Schneider, Chip
Subject: EIX, PCG: Governor Announces Forward Contracts; CPUC to Discuss
Revenue Allocation

Credit Suisse First Boston
Paul Patterson
Good morning,
Recent developments in California's power crisis:

-Yesterday, Governor Davis announced that the DWR has signed 40 contracts for
8,886 MW per year, over the next 10 years and at an average price of $69 per
mWh. The DWR also has agreements in &principle8 to cover 65-70% of its net
short power position this summer.
-We remain cautious on the power purchase agreements, given past results of
the state,s power auctions. At least two generators have indicated that,
while they have signed MOUs with the DWR, the agreements are not definitive
and issues still need to be resolved.
-Also yesterday, District Court Judge Lew scheduled a trial date of July 31
for Edison,s lawsuit against the CPUC.
-On Thursday, the CPUC will address several utility issues.  Of particular
importance is the allocation of customer revenues to the DWR. The method of
allocation is expected to determine whether the DWR or the utilities are at
greater risk for undercollection.
-We believe many uncertainties still remain. It is unclear when the state,s
conceptual agreements with the utilities and the generators will be finalized
in addition to how the legislature will receive the agreements.
-Consequently, we believe that investors should avoid EIX ($15.21, Hold) and
PCG ($14.75, Hold), unless they have a high tolerance for risk and volatility.

Please call us with any questions you may have.
Regards,
Paul Patterson, 212-325-5876
Neil Stein, 212-325-4217
Wen-Wen Chen, 212-538-0223
Emily Lao Chua, 212-325-1982

If you would prefer not to receive further messages from this sender, please
click on the following link and confirm your request:
Mailto:K-2-62573-539027-2-151-US2-1F3DDD56@xmr3.com
You will receive one additional e-mail message confirming your removal.

 - ppp030601.pdf


Concur Expense (XMS) Upgrade!

On July 2, 2001, Enron's Corporate Expense Management Solution will undergo an upgrade to version 6.0.2.
The Integrated Solution Center (ISC) has developed a transition plan containing several important deadlines affecting
all XMS users.

							Transition Schedule

Important Date #1 - Monday, June 18th
?	American Express transactions will no longer be loaded into the current XMS system starting June 18th.  Beginning June 18th, all AMEX transactions will be loaded into the new Concur Expense (XMS) system.
? 	Beginning June 18th, the ISC will be solely responsible for adding new users to the current XMS system.  On July 2nd, new users created in SAP HR will be 	automatically loaded into the new Concur Expense (XMS) system.

Important Date #2 - Wednesday, June 27th
?	This marks the deadline for entering new expense reports into the current XMS system.  All open expense reports in XMS must be submitted and approved 	by June 27th.  All users will be locked out of XMS after this date!!

Important Date #3 - Monday, July 2nd
?	The new version of Concur Expense (XMS ver. 6.0.2) goes LIVE!!!

For a list of frequently asked questions (FAQ), please click on the following link:  http://isc.enron.com/site/xmsfaqs.htm

If you have any other questions on any of the above items, please contact the ISC Call Center at 713-345-4727.


--------- Inline attachment follows ---------

From:  <tbradley@bracepatt.com>
To: Aryeh Fishman <afishman@bracepatt.com>, Andrea Settanni <asettanni@bracepatt.com>, Charles Ingebretson <cingebretson@bracepatt.com>, Charles Shoneman <cshoneman@bracepatt.com>, Deanna King <dking@bracepatt.com>, Dan Watkiss <dwatkiss@bracepatt.com>, Gene Godley <ggodley@bracepatt.com>, Kimberly Curry <kcurry@bracepatt.com>, Michael Pate <mpate@bracepatt.com>, Marc F. Racicot <mracicot@bracepatt.com>, Paul Fox <pfox@bracepatt.com>, Ronald Carroll <rcarroll@bracepatt.com>, Shelby Kelley <skelley@bracepatt.com>, Scott Segal <ssegal@bracepatt.com>
Date: Thursday, October 18, 2001 1:48:25 GMT
Subject:

FYI

FERC To Discuss Possible Changes To West Pwr Price Caps

Updated: Thursday, October 18, 2001 08:16 AM ET

(This article was originally published Wednesday)

By Jason Leopold and Andrew Dowell

OF DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--Federal energy regulators said this week they will discuss possible changes to price controls the agency imposed on western wholesale power markets in June.

Western utilities complained that the price controls, based on the price of generating power in California, aren't appropriate for the entire region. In particular, demand in the Northwest rises sharply in the winter, while California's power demand and cost are typically highest in the summer.

The Federal Energy Regulatory Commission said in a notice its Oct. 29 meeting discussions could include an elimination of the 10% premium allowed for sales into California and changes to the way the price caps are adjusted.
T
 he price cap is set at about $92 a megawatt-hour and is calculated by taking the 85% of the most expensive hourly price during the most-recent Stage 1 power emergency in California, when operating reserves fall below 7%.

Gov. Gray Davis lobbied hard for FERC to impose price caps throughout the entire western U.S., saying generators would sell their power to other western states if California were the only state with price controls.

"The governor would be very disappointed if FERC contributed to additional economic uncertainty, particularly in these troubling times" if the agency were to lift the price restrictions, said Steve Maviglio, a spokesman for Davis.

Last summer, Sierra Pacific Resources (SRP, news, msgs) unit Nevada Power was forced to initiate rolling blackouts to a small number of customers for about 45 minutes because of the new price caps imposed on the market by FERC and blistering heat, said Paul Heagen, Sierra Pacific's chief spokesman.
I
 n addition, some generators, including a unit of Enron Corp. (ENE, news, msgs), scrapped plans to build small power plants, the so-called peaking units used when demand for electricity is at its highest, in the western U.S. because of the price controls.

-By Jason Leopold and Andrew Dowell, Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com


CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 14:00, 16:00 and 17:0 in the
November 14, 2001 Real-Time Market as well as the following hours per ECA
20010908B to verify prices:

HQ: 6:00 - 7:00, 9:00-11:00, 17:00, 18:00
NE: 6:00 - 7:00
OH: 6:00 - 7:00
PJM: 6:00 - 7:00

In addition, the NYISO is reserving all locational reserve prices in hours
beginning 11:00 and 16:00 of the November 14, 2001 Hour-Ahead Market.

Prices in the November 15, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


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Yes, please ticket.


Julie,

Thanks.

Vince

	From:  Julie A Gomez                           01/11/2000 08:43 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Congratulations

Dear Vince-

I am soooo gland to see you get the promotion you so deserve.  I have always
thought you should have received such honors many years ago.  I'm glad to see
Enron finally did you right.

Good luck and congratulations,

Julie  :-)


Please disregard to prior version and use this one.


Slow browser may need to wait 15 seconds for your email to appear, then scroll to view. mailto:leave-enerfaxdaily-801048M@relay.netatlantic.com to unsubscribe enerfaxdaily as: stanley.horton@enron.com forward to web@enerfax.com
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Here's the terminated trades for yesterday.  There were only financial trades yesteday and I have highlighted them and attached the spread sheet.


Hi Kak Kay< I will send you an email to night at home. Love Mother


----------------------  Forwarded Message:  ---------------------
From:    "Alison Galinsky" <alisongalinsky@hotmail.com>
Subject: Fwd: Re: lotus totus
Date:    Tue, 06 Nov 2001 09:44:33 -0800

Sorry, I'm feeling a bit supersticious these days...not that I want to share
that with any of you :)

Hope you are all well.

A

>>
>>
>> > Subject: lotus totus
>> >
>> > This Lotus Totus has been sent to you for good luck.
>> > It has been sent around the world ten times so far.
>> > You will receive good luck within four days of relaying this Lotus
>> > Totus.  Do not keep this message. Do not send it back to the person who
>> > sent it to you. The Lotus Totus must leave your hands in 6 MINUTES.
>> > Otherwise you will get a very unpleasant surprise. This is true, even
>>if
>> > you are superstitious,agnostic,or otherwise faith impaired.
>> > ONE. Give people more than they expect and do it cheerfully.
>> >
>> > TWO. Marry a man/woman you love to talk to.
>> >
>> > As you get older, their conversational skills will be as important as
>> > any other.
>> >
>> > THREE. Don't believe all you hear, spend all you have or sleep all you
>> > want.
>> >
>> > FOUR. When you say, "I love you", mean it.
>> >
>> > FIVE. When you say, "I'm sorry", look the person in the eye.
>> >
>> > SIX. Be engaged at least six months before you get married.
>> >
>> > SEVEN. Believe in love at first sight.
>> >
>> > EIGHT. Never laugh at anyone's dreams. People who don't have dreams
>> > don't have much.
>> >
>> > NINE. Love deeply and passionately. You might get hurt but it's the
>>only
>> > way to live life completely.
>> >
>> > TEN. In disagreements, fight fairly. No name calling.
>> >
>> > ELEVEN. Don't judge people by their relatives.
>> >
>> > TWELVE. Talk slowly but think quickly.
>> >
>> > THIRTEEN. When someone asks you a question you don't want to answer,
>> > smile and ask, "Why do you want to know?"
>> >
>> > FOURTEEN. Remember that great love and great achievements involve great
>> > risk.
>> >
>> > FIFTEEN. Say "bless you" when you hear someone sneeze.
>> >
>> > SIXTEEN. When you lose, don't lose the lesson.
>> >
>> > SEVENTEEN. Remember the three R's: Respect for self; Respect for
>>others;
>> > and Responsibility for all your actions.
>> >
>> > EIGHTEEN. Don't let a little dispute injure a great friendship.
>> >
>> > NINETEEN. When you realize you've made a mistake, take immediate steps
>> > to correct it.
>> >
>> > TWENTY. Smile when picking up the phone. The caller will hear it in
>>your
>> > voice.
>> >
>> > TWENTY ONE. Spend some time alone.
>> >
>> > Now, here's the FUN part!
>> > Send this to at least 5 people and your life will improve.
>> > 1-4 people: Your life will improve slightly.
>> > 5-9 people: Your life will improve to your liking.
>> > 9-14 people: You will have at least 5 surprises in the next 3weeks 15
>> > and above: Your life will improve drastically and everything you ever
>> > dreamed of will begin to take shape.
>> >
>> >
>> >
>> >
>> >
>

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


Did you happen to keep a copy of the news article reporting on the $20,000
per month CA is paying the woman with eight-months experience to buy power.

Thanks,

Pat


Doug,
The Sitara numbers for both of these deals are in the comments section of
each deal in Tagg.  Do you have access to Tagg Deal Capture?  The Sitara
numbers are 344737 (NS3520) and 344952&343785 (NS4159).  If you don't know
where to look for these, let me know.  They were both available in the
systems.

DG    3-9573

Doug Nelson@ENRON
10/19/2000 09:20 AM
To: Darron C Giron/HOU/ECT@ECT
cc: Lisa Valderrama/HOU/ECT@ECT
Subject: OA Analysis

Darron,

I have two TAGG #'s for which I need the associated SITARA #'s.
This relates to Duke Energy Trading & Marketing, LLC., 8/00 sales.

 1.  NS3520.1
 2.  NS4159.1

Thanks for your help.
Doug
3-0560


Mark:  have you spoken with Brent  or the Marval firm about this?  Please
call me when you have a chance.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/24/2000
08:53 AM ---------------------------

John J Shoobridge@ENRON_DEVELOPMENT
01/23/2000 08:01 AM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriela
Aguilar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Sara
Shackleton@ENRON_DEVELOPMENT, Rodolfo
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: ISDA Enron Europe

I'm in the need of informing the whole team that Argentina through the
Argentine Association of Derivatives has developed a document that's
circulating in the market and will surely be optimised to the extent that
Argentine companies will use it in the near future if not inmediately. This
document has been prepared by experienced groups of professionals with
foreign support on terms of credit and legal issues.

My impression is that will be competing against that document in a great deal
of disadvantage. This disadvantage will be a "cultural" disadvantage from the
moment that latin american countries tend to have "shorter" documents written
in the local language where the transaction is taking place.
If the ISDA was at least written in Spanish (rather than French or German) it
would be of great help. This is an issue that really "tickles" me: Why isn't
the ISDA document translated into Spanish being that it is after English
probably the language most spoken through out the globe and second that
there's much more opportunity of selling Risk Management Products to Latin
American countries rather than French companies through my more than
disappointing experience in trying to close a deal with French Total.

I believe Sara's visit would be more that important. I'll try to forward
everybody a copy of the document that was drafted in Argentina for
everybody's info.

I strongly believe in the matters of evolution and I'm sure that in the
future ESA's market will mature in such a way that will just like Enron
Europe a document to match market's needs.


Attached are the notes for Weekend dated April 7th thru April 9th on the
Texas Desk.


BammelYoungFamilies

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The previous e-mail truncated the full web address. So, try the link below
instead:

http://24.27.98.187/pictures/2001/05-18_20_Ambulance_PGrp_and_YF_Party

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