Effective February 13, FERC approved the Southern Source and Sink
restrictions, without comment other than stating that they mirrored Entergy's
restrictions, approved last year.  Commissioner Massey concurred stating that
this order is consistent with the Entergy precedent; however, he reiterated
that this shows a flaw in OATT structure that gives LSEs a competitive
advantage.  Massey calls on the RTO proposals to remedy this flaw.

Other issues:

Approved Interconnection procedures w/ these changes:

 -- While interconnection conveys no delivery service (must reserve
transmission through OASIS), interconnection conveys an ongoing right to
access the transmission system at the receipt point

 -- Requires Southern to provide credits for upgrades and explain its policy
(interconnection customers only required to pay for "but for" interconnection
costs)

 -- Southern will post required generator information on its OASIS and will
allow customers 15 days to respond to requests for additional information
without losing the queue position

 -- Cutoff for additional studies is execution of interconnection agreement
(or date of filing unexecuted agreement)

 -- Identities of generators will not be posted on the queue

Approved creditworthiness procedures with a credit quality of BBB+/Baa1 (LCs,
guaranty, prepayment also allowed)

Copy of order is attached.

 - ER01-668.00A.WPD


"Pretty tired" is the understatement of the century. What a way to kick off
my New Year's Resolution of staying home on weeknights. And things promise to
only get worse - I think Amber and I are getting a place together. I'm not
sure I'll survive another month of this kind of social life.

You know, "date with destiny" is getting a little old. Can you come up with
something more original?

Kate


Even then we could send faxes to the right numbers.  This is ridiculous.
Tick tick tick.

"Keffer, John" <JKeffer@KSLAW.com> on 04/10/2001 08:42:44 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Turbine Purchase Transaction Documents

It's like practicing law 5 years ago (the stone tablet period).

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, April 10, 2001 8:44 AM
To: jkeffer@kslaw.com
Subject: Re: Turbine Purchase Transaction Documents

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/10/2001 08:43
AM ---------------------------

Kay Mann
04/10/2001 08:39 AM

To:   "DeBerry, Jeremiah A." <JeremiahDeberry@paulhastings.com>
cc:

Subject:  Re: Turbine Purchase Transaction Documents  (Document link: Kay
      Mann)

Jerry,

I didn't receive the fax you referenced yesterday.  Please resend to me at
713 646 3491.

Kay

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


To all,  are there any additions to the list below?  I appreciate any input you may be able to provide.
Thanks,
Mike

 -----Original Message-----
From: 	Tamma, Ramanarao
Sent:	Thursday, December 20, 2001 9:28 AM
To:	Croucher Jr., Mike
Subject:	RE: Data Requirements

Mike,
   These are the areas related to power and the folders they use. I included the contact name if you want to check with them.
Regards
-Rao
Fundamentals  and Research (Rika Imai)
O:\Research
Risk management (Stacey White)
O:\erms
Scheduling (Corry Bentley)
O:\ClntSvc\Ksettle
Settlements (Evelyn Melissa)
O:\DCD
O:\ClntSvc\Ksettle
Volume Management (Thresa Allen)
O:\ClntSvc\Ksettle

 -----Original Message-----
From: 	Croucher Jr., Mike
Sent:	Wednesday, December 19, 2001 11:45 AM
To:	Will, Lloyd; Imai, Rika; Tamma, Ramanarao; Symms, Mark
Cc:	Bailey, Debra
Subject:	RE: Data Requirements

Lloyd,  thanks for the quick response.  Basically, Im trying to obtain a list of all common data (files, spreadsheets, etc.....) on the O:\ drive that will need to be migrated to NEWCO. I mainly need the directory path information,  O:\directoryname\directoryname.... I appreciate all the assistance.

Thanks,
Mike

 -----Original Message-----
From: 	Will, Lloyd
Sent:	Wednesday, December 19, 2001 11:30 AM
To:	Imai, Rika; Tamma, Ramanarao; Symms, Mark
Cc:	Croucher Jr., Mike; Bailey, Debra
Subject:	FW: Data Requirements

I have passed your names on to Mike as key contacts for front line fundamental systems, he will likely be calling you on the request below.

He will work with Steve Nat, Theresa and Stacey on deal related systems independently of our needs.

Thanks.

 -----Original Message-----
From: 	Croucher Jr., Mike
Sent:	Wednesday, December 19, 2001 10:16 AM
To:	Storey, Geoff; Bentley, Corry; White, Stacey W.; Allen, Thresa A.; Will, Lloyd; Nat, Steve
Cc:	James, Matthew; Coles, Frank; McAuliffe, Bob
Subject:	Data Requirements

To all,  The Enron Net Works infrastructure team is gathering requirements for all common data needed for NEWCO.  This includes Gas/Power commercial data and related trading support data.
Based on the amount of data it can take significant time to migrate so we are on an aggressive schedule.  We need assistance from key individuals within each related business unit.  Please respond with a list of individuals that may be able to assist.  This will be a short effort with the right representation.  Thanks in advance for your cooperation.

Mike Croucher


Following is an excerpt from a LA Times article illustrating a different,
more negative point of view concerning deregulation compared to earlier
articles I had sent.
The whole article is attached at the bottom.

Overconfident lawmakers even inserted as Section 330A of the Public Utilities
Code: "It is the intent of the Legislature that a cumulative
rate reduction of at least 20% be achieved not later than April 1, 2002, for
residential and small commercial customers from the rates
 in effect on June 10, 1996."

Fat chance! And under deregulation, with production of electricity in
independent hands, separated from the major utilities,
 there is a division of responsibility: When things go wrong, it is nearly
impossible to assess whom to blame.

So where do we go from here?

Already, while ostensibly resisting re-regulation, utility officials are
suggesting they need help. This is not surprising. Deregulation
 is one of the most oversold concepts in American life. Without a continued
government hand, things frequently run off the tracks.

When John E. Bryson, chief of Edison, came last week to The Times to meet
with reporters and editorial writers, he expressed
mystification that market prices have been so high, even at times when demand
is relatively low.

He called for a federal investigation of the price levels.

In the meantime, he and aides suggested, some price ceilings might be
temporarily
in order.

I suspect they might not be all that temporary.

If after joining in a $40-million utilities campaign to defeat a quixotic
ballot initiative that would have stifled
 deregulation, Edison leaders are now proposing so much regulation, it shows
not only a commendable candor but also
how grim they realize the immediate prospects are.


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 05/13/99
12:03 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "ROLLAND SANDERS" <bwanarol@hotmail.com>
04/24/99 12:18 AM

To: Richard B Sanders/HOU/ECT
cc:
Subject: numbnut!?

stooping so low as to hurl infantile insults at your youngest and
most freckled sibling?  when i get back stateside i fully intend to
show you the meaning of respect (upside your head), you ol' no
english pea eatin', medley molestin', 80 hours a week workin',
corporate slavin', too big house buyin', Hilton Head Renaissance
Weekend wannabe attendin', power tie wearin', Houston rationalizin',
adult-oriented rock easy listenin', chilluns with mutant voices
sirin' and coke bottle-itis lookin' knucklehead!

the matter of the telephone # is one of some confusion at the moment,
for mama claims she cannot reach me.  for a long while the following
was it:

001 81 06 696 2566

but this year osakatown added an extra number, a 6, making it:

001 81 06 6696 2566

it should be no worry, and inside merry old nippon it has not been.
mama has problems, but they should not be from this side.  joel
reached me two weeks ago.

would like to hear from you, brotherman, but hurry not.  i am going
nowhere anytime soon.  later for you -

rolland

ps - hakeem's decline must be sad to watch.  is it knees?

>From: "Richard B Sanders" <rsander@ect.enron.com>
>To: "ROLLAND SANDERS" <bwanarol@hotmail.com>
>Subject: Re: what the...?
>Date: Mon, 19 Apr 1999 07:58:36 -0500
>
>
>
>what is your telephone #---you numbnut
>
>

_______________________________________________________________
Get Free Email and Do More On The Web. Visit http://www.msn.com


Thanks, Ginger.  I'll be on the call.

Rick, if your schedule permits, could you participate in the first five-ten
minutes of the daily EES call (10 AM CST) to give those folks a brief
snapshot of what happened?  If so the call-in number is 800.713.8600, code =
80435#.

Alternatively, since I'll be on the call anyway, you can leave me a
voicemail, or call me at 707.884.4608, and I can relay those points that you
feel are most important to communicate.

Best,
Jeff


Lorrian and Michel,

The Rofr option, which grants the shipper the right to lock in the
transportation rate (max rate) for next
a few years, is priced as a spread swaption.

I priced two scenarios for you:  the strip starts 1) Nov.1-00 and 2)Nov. 1-01.
For the first one I assume that the shipper makes decision on Oct. 31,00 (54
days  to maturity)
and  on Oct. 31,01(419 days to maturity)  for the second case.

The second case has longer time to expiration, therefore larger option time
value. See the attached
spreadsheets for more detail.

Let me know if you have any questions.

Zimin


Here's the answer to your question regarding 28.  The depth and complexity
are overwhelming.

From: Nicholas J Stephan on 04/18/2000 11:13 AM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Here's to the Journey

Thank you.

Nick

From: Benjamin Freeman@ENRON on 04/18/2000 11:28 AM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Here's to the Journey

nice.


I thought they only supported the six Houston people.

I know for a fact, that the California is self contained.  I believe that Europe is the same way.

Tod

-----Original Message-----
From: Geaccone, Tracy
Sent: Thursday, September 13, 2001 10:20 AM
To: Lindholm, Tod A.
Subject: FW: EREC '02 Plan Assessments

Does networks really support all of these people?  If assets are sold, I assume support would go away?

Thanks

Tracy

-----Original Message-----
From: Millan, Allison
Sent: Monday, September 10, 2001 5:59 PM
To: Geaccone, Tracy
Cc: Roper, Kerry; Dopson, LaMetrice; Rub, Jenny; Galvan, Michael S.
Subject: RE: EREC '02 Plan Assessments

Tracy,

The file we received from Corporate listed an estimated 461 domestic employees and 526 international (987 total) for the 2002 plan.  This information came from the Corporate headcount request to the BU's that was due on 6/22.  Currently there's a group of 937 (451 domestic, 486 international) that is being supported.  I'll call you tomorrow to see why there's such a large discrepancy between this headcount and the 6 you're projecting.

Listed below are services the Infrastructure group provides to EREC:

IT Security, Policy, Monitoring, and Investigation
Software License Management
Terminal Server Operations
DMZ Security
24x7 Support

passthrough services:
Calling Card
Video Conferencing
Remote Access

Allison

-----Original Message-----
From: Rub, Jenny
Sent: Monday, September 10, 2001 2:24 PM
To: Geaccone, Tracy; Galvan, Michael S.; Millan, Allison
Cc: Roper, Kerry; Dopson, LaMetrice
Subject: RE: EREC '02 Plan Assessments

But there are services performed beyond houston.  I do not have to allocation with me, so I can't itemize the detail.  Allison or LaMetrice, will you pls reply wih some of the other services?
--------------------------
Sent from a BlackBerry Wireless Handheld

-----Original Message-----
From: Geaccone, Tracy <Tracy.Geaccone@ENRON.com>
To: Rub, Jenny <Jenny.Rub@ENRON.com>; Galvan, Michael S. <Michael.S.Galvan@ENRON.com>; Millan, Allison <Allison.Millan@ENRON.com>
CC: Roper, Kerry <Kerry.Roper@ENRON.com>; Dopson, LaMetrice <LaMetrice.Dopson@ENRON.com>
Sent: Mon Sep 10 14:16:35 2001
Subject: RE: EREC '02 Plan Assessments

This is going to happen.  Besides, there are only 6 people in HOuston, we can't be talking alot of dollars here.

-----Original Message-----
From: Rub, Jenny
Sent: Monday, September 10, 2001 2:14 PM
To: Galvan, Michael S.; Millan, Allison
Cc: Geaccone, Tracy; Roper, Kerry; Dopson, LaMetrice
Subject: Re: EREC '02 Plan Assessments

Mike, is this a FOR SURE thing?  What about timing?  Of the announcement as well as closing?  If we build our allocations on things that may happen, we will be changing it daily.  I think we must assume status quo until it's final.
--------------------------
Sent from a BlackBerry Wireless Handheld

-----Original Message-----
From: Galvan, Michael S. <Michael.S.Galvan@ENRON.com>
To: Millan, Allison <Allison.Millan@ENRON.com>
CC: Geaccone, Tracy <Tracy.Geaccone@ENRON.com>; Rub, Jenny <Jenny.Rub@ENRON.com>; Roper, Kerry <Kerry.Roper@ENRON.com>
Sent: Mon Sep 10 10:54:30 2001
Subject: EREC '02 Plan Assessments

Allison,
Just spoke with Tracy.  The plan for EREC is to sell approx 85% of the equity to a 3rd party in 2001.  Once sale is complete, the EREC Houston personnel will not be relying on Infrastructure services.  Please communicate this to the appropriate Infrastructure assessment groups.  I'd like to have ready before the final BU assessments go out this week.
Thanks,
Mike


Scott,

We have outside counsel looking at this.  Thanks for the update.

Kay


Thanks for tracking this info down.  I'll give Larry a call next week when
I'm back. Hope all is reasonably sane at the office.

See you Monday.

Steve

	Gerald Nemec
	03/14/01 09:45 AM

		 To: lgeorge@ccj-law.com
		 cc: Steve Van Hooser/HOU/ECT@ECT
		 Subject: Maps

Per Steve's request, I am forwarding a phone number of a consulting company
that produces maps which show all pipeline in Texas (sorted by county).  This
might be a good place to start to find the pipeline you described in your
voice mail to Steve.

The company is Design Technics Corp.  Phone: (713) 460-2291.  The map will
generally show where the pipeline runs, but it is depicted at more of a macro
level.


Do I assume correctly that dinner is at home in NJ rather than at home in NY?

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459


On 3/14/01, FERC granted EPMI and Duke's request for rehearing of Arizona
Public Service interconnection procedures:

APS is required to specify a time in the interconnection process after which
a generator is no longer subject to additional studies (we pointed out the
VEPCO limitation that no further studies are required after the
Interconnection Agreement is signed or filed unsigned at FERC).
APS is required to include in its procedures the study criteria (for example,
Form 715) that it uses for system impact studies.

These changes are helpful as FERC continues to build on previous orders in
other utilities' interconnection procedure dockets.


All I have to say is, I hope you purchased a box or bushel of the SISSI
chocolates.  That was one of the finest pieces of chocolate I have ever had!
It  was milk chocolate w/raspberry liquor filling.  I am now about to embark
on Mozart !!

Thanks a bunch!!!!

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


Error(s) Encountered While Processing Your Request
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Please inform the site administrator <mailto:support@oatiinc.com> that this error has occurred. Be sure to include the contents of this page in your message to the administrator.


Hello,

The attachment has been updated to include Sandy's new assistant.  Thanks!

(See attached file: i2 Board of Directors.xls)

Barbette Joy Watts
Executive Assistant to David Becker
One i2 Place, 3rd Floor
469-357-3460 (Direct)
469-357-6769 (Fax)
barbette_watts@i2.com
 - i2 Board of Directors.xls


Reply Message:
Reply from 9069761 is Will call later to Read my speech for Ken? Thoughts?-richard.shapiro@

Original Message:
Read my speech for Ken? Thoughts?-richard.shapiro@enron.com


Good Afternoon Ladies

I am taking a class today.  I will be out of pocket until 5pm.  If you have questions regarding deals, please direct them to the traders.  If necessary you can reach me at 503-706-5308.  Thank you and have a great afternoon.

Kysa M. Alport
Enron North America
503-464-7486


Here is a revised version of Monday's memo on the first day of Stickler's
deposition.? Sorry for the screw up the first time.

 <<depsum.doc>>

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.

 - depsum.doc


To the trading lawyers working on counterparty lists:

Per the email below from Louise, the current target date for completion of
counterparty lists appears to be Tuesday, October 12.  As noted below, an
additional list of approved counterparties should be provided to us tomorrow.

FYI, per my conversations w/Frank Davis, the first simulation occurred this
week, and an additional simulation is scheduled for next week.
---------------------- Forwarded by Tana Jones/HOU/ECT on 10/07/99 09:54 AM
---------------------------

Louise Kitchen
10/06/99 02:46 PM
To: Mark E Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, David
Port/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT, David Forster/LON/ECT@ECT
Subject: Customer Data

On Friday we will be receiving the remaining customer list from credit, due
to the timescales I am asking for turnaround on the customer matrix and
master agreement review by the end of play Tuesday 12th October.

Any problems with this please notify me immediately as we are now running up
against very tight deadlines in terms of getting all of the information in
the system for the launch schedule.

Thanks

Louise

Mark,
On another note we are requesting a review of the blanket decision which has
been made to prevent any regulated utility from completing any financial
transactions, if we are not prepared to do the due diligence on which ones
can transact and which ones can not - is this our responsibility or theirs?
ie their decision whether to trade or not.
Louise


Plz look up decision no. 01-04-006 on the commission's website.  it has to do
with interruptible and curtailment issues and rotating outages, i.e.,
blackouts.

Thanks a million,
Jeff


Suzanne, please forward this to Jeff.  My email is acting up again.

Hi Jeff,

I thought I would pass this email along to you since you've been working on
some of the aspects of the Peoples deal.  I don't want to interfer with
whatever you have going on, but I'm happy to assist/participate in whatever
way makes sense.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 06/23/2000 04:45
PM ---------------------------

	From:  Gregg Penman                           06/20/2000 02:20 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Affiliate Master Purchase and Sale Agreement

Here is some more info. regarding the Affiliate Master Purchase and Sale
Agreement that is on the list.

Attached is a draft agreement prepared by Simon Halfin at Peoples.  It is
based on the 3rd party contract that Jeff Hodge is working on with Peoples.
The agreement is intended to be a master contract that would facilitate a
blanket of structured term transactions between the utilities (Peoples Gas
Light and Coke Co. and North Shore Gas)  and MEH.  It will be filed with the
Illinois Commerce Commission for approval.  My understanding is that the
transactions will still be subject to the annual prudency process of each
utility.  I am not sure your strategy on this one, but would think that a
combination of you, Jeff Hodge, and Boyd would be most effective.  I
understand that Dynegy and Nicor filed a similar agreement as part of their
Hub Agency Agreement that Boyd has reviewed.  I am sure he can confirm that
or not.

Thanks,

Gregg


Ehud,

We can meet for dinner on the 21st. Then you can visit with us on the 22nd
in the morning and have individual meetings. At 11:30 you can meet the entire
Research Group at our weekly lunch meeting. We can continue
individual meetings in the afternoon.

Please, make a reservation at Hyatt Regency Downtown or Double Tree
Downtown (there are several hotels with the same names).

Vince

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 06/09/2000 02:01:09 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Prospective 6/22 Houston Visit

Vince,

>June 22 works for me. Do you want to firm it up?
If it's not too late, I do.

I believe the "game plan" was for me to come in the previous evening.  If
you confirm the date, please advise at your convenience how you see the
6/21 - 6/22 schedule.

Best,
Ehud

==============================================
     Ehud I. Ronn
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


Rolled deal 454057 to cover flow at mtr 5192.

d

Aimee Lannou   11/10/2000 02:17 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Flow w/ no nom

 Meter 1601    last deal 412219 for 10/00 flowed 11/9

 Meter 5192  last deal 454057 for 10/00. flowed 11/3-4


Harry and Rob,

Could you read though the attached email.  Dana and I will need your imput tomorrow.  Garrett

Dana,,

Lavo would like us to show some hedging products to the Ontario government that would allow the government to feel comfortable opening the market this Winter (if all Retail and Wholesale IT systems are in place).  The government is worried about a Pickering unit not returning on Schedule (Dec. 31st 2001).  Our product will address this 'resource adequacy' issue.

The government can not lift this offer. However, the government, if they want the province to be hedged, could ask OPG or OEFC to look into the products we are suggesting.

Here is some product idea's and Indicative pricing.  Please review, and let's discuss which we should show.  With such a large volume, we would have to consider a price premium for Congestion and Ancillary Service risks associated with exporting from NY.
For comparison, I priced the same products using NY West.

GT


Just a heads up from Chris Foster -

---------------------- Forwarded by Kate Symes/PDX/ECT on 04/18/2001 11:47 AM
---------------------------

	From:  Chris H Foster                           04/17/2001 12:17 PM

To: Bill Williams III/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT, Paul
Choi/SF/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Stanley
Cocke/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Lester Rawson/PDX/ECT@ECT, Anna
Mehrer/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc: Christian Yoder/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT

Subject: APX Deal Confirms

The APX called me today.  They are concerned we are sending them confirms on
deals that we are doing with them.  Legally this is incorrect as we are
transacting purusuant to the APX Master, not the Enron Master.  So, please
try to remember to check the box for no confirms when you transact with the
APX.

C


The room is $440 per couple for the four nights or $220 per person.  The fest
tickets are $15 a day and people usually go 2 of the three days.  there is
also a Harrah's casino across the street from our condo.  The condo's have
kitchen's in them so people and buy groceries and stuff and eat there mainly.

We go every year and have a blast.  If you are interested let me know.
PL


Following please find the Daily EnronOnline Executive Summary.

Special Announcement! This report can now be accessed directly through the
EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow
the link entitled "Reports" and then select the "Secured Reports" tab. A
dropdown menu will appear with a list of the various secured reports
available for viewing. After choosing the report you are interested in, a
security window will appear requiring you to enter your Windows login ID and
password. Simply enter your standard login and the report will load
automatically.

We look forward to your feedback and comments. If you have any questions or
experience any difficulties accessing your reports through the Intranet Site,
please feel free to contact either Bryan Deluca at x36161 or Simone La Rose
at x31670.


Mom & Dad,

First off, what day do you guys fly out to Shanghai?  Is it the 5th or the
6th? (i.e. send me your flight info!)

Attached is Jenn and I's flight itinerary for the China Trip (see forwarded
msg below).  Gerald & Barbara, Dan, Gayle & Heather are also on the same
flight going over.  We changed from the original Shanghai round-trip plan to
save some money and avoided some logistic issues.....we are now flying into
Shanghai a little earlier and leaving from Beijing instead of
Shanghai............this allows us to avoid any domestic airline flights (a
good thing) as that can be expensive and makes the trip a little less hectic
in the beginning...so here's the tentative plan:

June 4th - Depart for China
June 5th - Arrive in Shanghai (Jon can you meet us in Shanghai on this day?)
June 6 & 7 sightseeing in Shanghai, June 7th Evening - take night train to
Chingdao (if there is one)
 - Meet up with Rodger & Sandy, et al., either in Shanghai or in Chingdao.
June 8th - Depart/Arrive in Chingdao
June 9th - Wedding Bliss & related activities.
June 10th - Sightseeing in Chingdao
June 11th - Depart for Beijing on Train
 (tentative departure date, we may want to stay around/see stuff in the
area/or something else on the way there, etc.?)
June 12th - June 15th: Beijing (Sightseeing, day trips, etc.)
June 16th - Depart from Beijing to Houston (Eric & Jenn, Gerald & Barbara.)
 Dan, Gayle & Heather are staying for another week in China, and I believe my
parents are staying another 3 or 4 days as well?

Jeff and Cathy are possibly going to switch their flight as well in order to
do this schedule.  This is of course a tentative/rough draft itinerary, &
nothing is set but our plane tickets.

Jon & Dan: I believe we are all looking to you guys to help us determine
exactly what we should look at and more importantly what we should and should
not eat.

Tiger penis soup anyone?!.........Looking forward to it,

Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 04/10/2001 04:03 PM -----

	jennifer-gillaspie@reliantenergy.com
	04/10/2001 02:34 PM

		 To: Eric.Gillaspie@enron.com, jgillaspieci3@netzero.net,
gerald.nemec@enron.com
		 cc: djunk_epc@yahoo.com, gejunk@yahoo.com, hjunk@hotmail.com
		 Subject: China Itinerary

China Itinerary:

June 4
7:15 a.m. depart Houston to Detroit
Northwest flight 1888
11:17 arrive Detroit
12:30 depart Detroit to Shanghai
Northwest flight 89
3:10 p.m. on June 5 arrive Shanghai

June 16
9:40 a.m. depart Beijing to Tokyo
Northwest flight 12
2:20 p.m. arrive Tokyo
3:50 p.m. depart Tokyo to Houston
Continental flight 6
2 p.m. on June 16 arrive Houston


[IMAGE]

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         [IMAGE]     IN THIS ISSUE     [IMAGE]    Flight deals           [IMAGE]    Vacation package deals           [IMAGE]    Lodging deals           [IMAGE]    Cruise deals    [IMAGE]     [IMAGE][IMAGE]Dear Susan,Just think about it ... bright sun shining down on your skin; clear, blue water as far as your eyes can see; and your toes digging into warm, sugary white sand. It's Mexico -- and we can get you there at savings of up to 35%. Cancun, Los Cabos, Puerto Vallarta, and Playa del Carmen are  on sale from $448 , along with other favorite Mexican hideaways. Don't miss out -- book by February 28 and save up to 35% on your ultimate  Mexican vacation !   [IMAGE] [IMAGE]    SEARCH FOR A FLIGHT      Leaving from:   Depart: (MM/DD/YY)   Morning Afternoon Evening  1 adult 2 adults 3 adults 4 adults 5 adults 6 adults     [IMAGE] Going to:   Return: (MM/DD/YY)   Morning Afternoon Evening       EXPEDIA'S TOP TRAVEL DEALS   [IMAGE] [IMAGE]    Flight Deals [IMAGE] [IMAGE] British Airways fare sale! Fly to London from $198. Book by 1/31  [IMAGE] [IMAGE] New! Save big with US Airways Web fares  [IMAGE] [IMAGE] Save up to 60% on your flight, with Expedia Bargain Fares  [IMAGE] [IMAGE] See more great fares on our Flight Deals page    [IMAGE] [IMAGE]    Lodging Deals [IMAGE] [IMAGE] New York hotels from $65 -- Great rates at the Hilton, the Hyatt, and more!  [IMAGE] [IMAGE] Washington, D.C.'s four-star Melrose Hotel from $119 in February  [IMAGE] [IMAGE] San Diego -- Sheraton Hotel and Marina from $129 until March 31  [IMAGE] [IMAGE] See our Hot Lodging Deals: 40 destinations, over 100 great deals    [IMAGE] [IMAGE]    Vacation Package Deals [IMAGE] [IMAGE] Unique Orlando family deal -- Three nights in a roomy vacation home, from $364  [IMAGE] [IMAGE] Add NBA tickets to your Orlando vacation -- The Magic vs. the Bulls or the Knicks!  [IMAGE] [IMAGE] Acapulco -- Four-night, four-star air/hotel vacation from $711. Your own private beach!  [IMAGE] [IMAGE] Four-star Aruba deal -- Air and four nights' hotel from $838  [IMAGE] [IMAGE] Weekday ski deal in Lake Tahoe -- Air, three nights at a four-star hotel from $332  [IMAGE] [IMAGE] See our best vacation package deals    [IMAGE] [IMAGE]    Cruise deals [IMAGE] [IMAGE] Four-day western Caribbean cruise (Fort Lauderdale) from $449.  [IMAGE] [IMAGE] Seven-day eastern Caribbean cruise (Fort Lauderdale roundtrip) from $799  [IMAGE] [IMAGE] 11-day Hawaiian Islands cruise from $1,049. See Oahu, Kauai, Maui, and Hawaii  [IMAGE] [IMAGE] See our special discounted cruise deals    EXPLORE EXPEDIA  [IMAGE] [IMAGE]    Slide Shows -- Experience the color and spice of three favorite Mexican destinations [IMAGE] [IMAGE] Puerto Vallarta -- A sophisticated town with famed beaches and a vibrant arts scene  [IMAGE] [IMAGE] Canc?n -- Dive the Great Mayan Reef, trek to Mayan ruins, or taste-test tequilas!  [IMAGE] [IMAGE] Los Cabos -- There's so much to do! Golf, kayak, laze on the beach, or hit the town    FROM OUR SPONSORS  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]   [IMAGE]   UNSUBSCRIBE  If you do not wish to receive any further promotional e-mails from us, please click here . Or simply reply to this mail with "unsubscribe" in the subject line.   CONTACT US  If you'd like to give us feedback, please click here . For additional assistance, visit the Expedia.com Customer Support Center .   Prices are subject to availability and subject to change without notice. Prices shown may not include applicable taxes, fees and fuel surcharges.   Photo: PhotoDisc  ?2002 Expedia, Inc. All rights reserved.         [IMAGE] [IMAGE] [IMAGE] This mail was sent to: sscott5@ENRON.COM Message-Id:


Daren,  Shore line would like to take meter 9781 from 460 to 1  for the 11 th
gas day.  It flowed the nom for April so they must be having well problems
this month.  Meter 9680 has a change from 739 to 1200.  It flowed in the 700
for April .  Could be new production coming on behind the meter.

Texaco would like to change meter 9826 from 1201 to 1500 for the rest of the
month.  In April they flowed from 1000 to 1300.


Will,

Is there any way to extract scheduled data in spreadsheet format for a specific deal and date range?

Diana Scholtes


I will have training class on the East Desk Market Area positions this Wed,
June 21st, at 4:00 PM in conference room EB3084.  I will be discussing our
operational flexibility with respect to Tenn Z6 and National Fuel.


External Only
	21-May	22-May	23-May	24-May	25-May	29-May	30-May	31-May	1-Jun	4-Jun	5-Jun	6-Jun	7-Jun	8-Jun
Aluminum	7	7	8	2	0	4	6	12	8	4	4	6	1	0
Copper	14	8	2	5	1	1	4	3	2	4	3	4	6	1
Nickel	0	0	0	0	0	0	0	0	0	0	0	0	1	0
Gas	14	19	8	5	8	12	6	5	3	2	5	2	7	2
Zinc											1	1	0	0
Total	35	34	18	12	9	17	16	20	13	10	12	12	15	3

Justin Rostant
EnronOnline LLC.
Phone: 713-853-6460
Mobile: 832-264-6333
Fax: 713-646-2126


Congrats!

I've been looking for an explanation for the drop of our stock price.  This explains everything.

D

Beverly Beaty
03/13/2001 11:02 AM
To:	Daren J Farmer/HOU/ECT@ECT
cc:
Subject:	Re: New Contact for Devon

I'm going to work for Transco....starting 3/27

Bev

Daren J Farmer
03/13/2001 10:55 AM
To:	Beverly Beaty/HOU/ECT@ECT
cc:
Subject:	Re: New Contact for Devon

What do you mean "leaving Enron"?  Where are you going?

D

Beverly Beaty
03/13/2001 09:11 AM
To:	Charlene.Merrill@dvn.com, Victor.Haley@dvn.com, Alan.Coad@dvn.com, Deana.Thayer@dvn.com
cc:	Mark L Schrab/HOU/ECT@ECT, Kirk Lenart/HOU/ECT@ECT, Jesse Villarreal/HOU/ECT@ECT, Sabra L Dinari/HOU/ECT@ECT, Clarissa Garcia/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Meredith Homco/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Christina Sanchez/Corp/Enron@ENRON, Darren Espey/Corp/Enron@ENRON, Carlos J Rodriguez/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, George F Smith/HOU/ECT@ECT, Margie Straight/HOU/ECT@ECT, Mary Ellenberger/Corp/Enron@ENRON, Aimee Lannou/HOU/ECT@ECT, Jessica White/NA/Enron@Enron, Patti Sullivan/HOU/ECT@ECT, Teresa McOmber/NA/Enron@ENRON, hpl.scheduling@enron.com, Katherine L Kelly/HOU/ECT@ECT
Subject:	New Contact for Devon

Please note that I will be leaving Enron as of March 23,2001.  Please send future e-mails regarding
Devon changes to Kathy Kelly and Clarissa Garcia, as well as the schedulers that you are already sending
changes too.  They will coordinate all future Devon inquiries and changes.

If there are questions before then, please call me at 713-853-6357

Thanks,
Beverly Beaty

<Embedded StdOleLink>
<Embedded StdOleLink>


----- Forwarded by Steven J Kean/NA/Enron on 04/02/2001 09:45 AM -----

	Katie Spencer
	Sent by: Brenda Sells
	04/02/2001 08:56 AM

		 To: skean@enron.com
		 cc:
		 Subject: 2000 dividends

1099 information is only produced if an account earns more than $10 in
dividend/interest income.  Your savings for the year 2000 earned $3.96 and
you have the free checking account which is non-interest bearing so there
were no dividends earned on that account.  If you need additional
information, please contact the Financial Services Department at the credit
union at 713-853-6902.

Thank you.


FYI - I would like to meet with both of you to discuss same (preferably after the 10/8 meeting).  Please let me know your thoughts.
Regards,
Ed

 -----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Friday, October 05, 2001 9:19 AM
To:	Breslau, Craig; Lagrasta, Fred; Josey, Scott; Luce, Laura; Mrha, Jean; Redmond, Brian; Tycholiz, Barry; Vickers, Frank W.
Subject:	Gas Structuring Communication Session Agenda for 10/8 Meeting

Thanks againg for sharing your thoughts and opinions in our 10/3 meeting.  In an effort to make our 10/8 meeting as productive as possible, I have put together an agenda (attached) for the Monday afternoon meeting.  It would be most helpful if you could review the agenda prior to the meeting and come ready to discuss your thoughts related to the discussion items.  If the discussion items do not address your primary issues, please let me know so I can either modify the agenda or include it in the next meeting.  If you have any questions, plese ask.
Regards,
Ed


LETS GO HUNTING

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Thursday, October 11, 2001 12:13 PM
To: Parks, Joe
Subject: RE: QQQ

Let me know as soon as you can on "Seterdey" -- Molly's been getting pissed
at me since I won't tell her if I'm really going or not.

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@enron.com]
Sent: Thursday, October 11, 2001 10:56 AM
To: Fenner, Chet
Subject: RE: QQQ

HEy, i will talk to Kim about saturday. Saturday it should be clear out
there. the question will be friday. the long QQQ  is a short term couple
of bucks type trade. think its got 35-36

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Thursday, October 11, 2001 10:51 AM
To: Parks, Joe
Subject: RE: QQQ

Technology is not quite where it needs to be yet. I s/b able to simply
think
about moving $$ and making an investment, as I don't seem to have time
these
days to get online and do it!  I just watch the virtual gains slip
away...

By the way, I'm still looking to get out to KC this weekend, but I can't
seem to figure out what the weather is going to do.  The San Antonio
forecast looks different than KC's, so I can't tell what the chances of
rain
are on Friday and Saturday.  Want to make sure it's worth while.  What
do
the "models" say?

Of course, if you don't go, I'll probably blow it off anyway (no
pressure).

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@enron.com]
Sent: Thursday, October 11, 2001 10:36 AM
To: Chet Fenner (E-mail)
Subject: QQQ

Yes, i can make a little money on the long side of a market

**********************************************************************
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.
**********************************************************************


From: Mark.Taylor@enron.com
To: halbromm@hotmail.com
Subject: Re: key west
Date: Wed, 17 Jan 2001 11:35:25 -0600

Ohmygawd!  An e-mail message from Hal!  Now I know we really ARE in the
21st century.

I also get to Key West on the 24th and will be there until the 28th and
don't need a place to stay because I will be at the conference hotel.  Ted
will get there Friday eve.  I have meetings during the days Thursday &
Friday and Sat. morning; dinner on Friday is also a scheduled event for me.
Otherwise I don't think we have specific plans.  Looking forward to it!

Mark,
Me too...
Shall we plan to have dinner on Wednesday 24th or Thursday Jan 25th?
Perhaps we could also do something with Ted on Saturday afternoon (or
evening) which sounds open for you...
Hal
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Fyi - Brazil market status.

 -----Original Message-----
From: 	Smith, Sarah J
Sent:	Tuesday, June 05, 2001 4:10 PM
To:	Stevens, Martha
Subject:	FW: MSNBC News Link: The Perils of Abundance

 -----Original Message-----
From: 	jfayett@enron.com@ENRON [mailto:IMCEANOTES-jfayett+40enron+2Ecom+40ENRON@ENRON.com]
Sent:	Tuesday, June 05, 2001 1:03 PM
To:	ssmith7@enron.com
Subject:	MSNBC News Link: The Perils of Abundance

Janie sent you this MSNBC News Link:

Message:
FYI--something of interest

** The Perils of Abundance **
Brazil confronts a dire energy shortage, and an abrupt end to a culture of carefree waste

http://www.msnbc.com/modules/exports/ct_email.asp?/news/578890.asp

______________________________________________________________________
Check out the hour's top stories on MSNBC.com <http://www.msnbc.com>


I'll get with Brenda on February and Brian will be getting me March.  Ken
Seaman should have be correct because I personally made him inactive on Feb
15th (the final day of his last pay period . .. we couldn't do it his real
last day because we had to allow that pay period to finish out so it would
kick out a timesheet for him.)  The Specialist may actually be Ami because
her title was incorrect for awhile (but we'll look at it to make sure).

I'll keep you posted.

Y
---------------------- Forwarded by Yvette G Connevey/Corp/Enron on
03/21/2000 01:58 PM ---------------------------

Brian Heinrich@ECT
03/21/2000 01:55 PM
To: Yvette G Connevey/Corp/Enron@ENRON
cc:

Subject: Re: Help!

Yvette,
Starting with March, all Labor Distribution reports will come through me, and
I will distribute them.  Brenda should have received all of the Labor Reports
for the RC's that report to her for February.  I say "should have" because
they were supposed to be sent out by someone  else.  I will try get you a
copy of the February reports and send them to you.
Hopefully in the future with me controlling the distribution, we will not
have this problem.
Thanks,
Brian

To: Brian Heinrich/HOU/ECT@ect
cc: Daren J Farmer/HOU/ECT@ECT
Subject: Help!

Brian,

Who do I talk to about getting Daren Farmer a Labor Distribution report. He
needs to see what employees are hitting his RC.  I know that we have
discussed this prior and soem Managers are receiving a monthly report but he
is not.  Who can help us???

Thank you!
Yvette
x3.5953


Marie:

Please place Michael Schuh by RWE and Raoul Saxena by J Aron instead of me as I am only acting as a Houston resource to Michael and Raoul as necessary. They are handling the negotiations. You should also add them to the distribution list. Thanks.

Alan

 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, November 05, 2001 4:58 PM
To:	Aronowitz, Alan; Athena Alexander (E-mail); Clark, Morris; Cook, Mary; David Mitchell (E-mail); Davis, Angela; Del vecchio, Peter; Douglas, Stephen H.; Evans, Mark (London Legal); Gaffney, Chris; Gray, Barbara N.; Hansen, Leslie; Heard, Marie; Hendry, Brent; Hodge, Jeffrey T.; Johnston, Greg; Jones, Tana; Keohane, Peter; Koehler, Anne C.; Lech Kalembka (E-mail); Leite, Francisco Pinto; Marissa Morelle (E-mail); McCullough, Travis; Mellencamp, Lisa; Murphy, Harlan; Murray, Julia; Nemec, Gerald; Portz, David; Rick Antonoff (E-mail); Rohauer, Tanya; Sager, Elizabeth; Sayre, Frank; Shackleton, Sara; Simons, Paul; St. Clair, Carol; Van Hooser, Steve; Viverito, John; Von Bock Und Polach, Marcus; Williams, Jason R (Credit)
Subject:	Master Netting Agreement Assignments

Updated list of master netting agreement assignments.

	 << File: MASTER NETTING AGREEMENT ASSIGNMENTS.doc >>


As my mother likes to say, "You should be on the stage....

the one that left an hour ago."


I would like a copy of the Pompano Beach and Deerfield Site Plan Approvals,
please.
Thanks,

Kay


Laurie:
I am no longer in the swaps group.  Mary Cook or sara Shackleton will contact
you with the lawyer in charge of this file.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	"Laurie Orchard" <lorchard@commrisk.bm>
	05/11/01 02:56 PM
	Please respond to lorchard

		 To: <Carol.St.Clair@enron.com>
		 cc: <Samantha.Boyd@enron.com>
		 Subject: Draft of ISDA Schedule and Enron Guaranty

Carol,
I've just returned to the office after 6 months away, and have discovered
that we have not finalized the ISDA documents with Enron, nor the Guaranty.
Attached is the file which you emailed to us last year - I'm not sure if
there is a more updated version, so perhaps you can confirm. Also, please
forward to me Enron's most recent version of Paragraph 13 to the Credit
Support Annex, as we have not reviewed that document.

On review of the attached file received from you on January 9, 2001, I
provide the following comments:

Part 3 - delivery of documents, the part requesting Commercial Risks (Party
B4s) annual financial statements looks like it needs some clarification. It
appears that Enron wants to receive quarterly financials, however we only
publish annual statements as a privately held company.

Part 5 - Representations - line of business should be removed for Party B.

The Guaranty language looks fine with the amendments, so I would suggest
that be issued and we can check it off our "to do" lists.

When we have signed the ISDA Master Agreement and supporting Documents, I
will have our General Counsel submit all of the documentation to our Legal
Counsel for issuance of the Legal Opinion. I do not foresee any problems in
having this issued in a timely fashion.

When the minor amendments referenced above have been made, please forward a
final, clean draft of the documents to my attention so we can do a final
review and issue the documents for signatures.

I look forward to hearing from you soon.
With kind regards,
Laurie Orchard
Commercial Risk Capital Markets

 - ATT00049.txt
 - 101CTR-BRED.DOC


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 08/28/2000
12:33 PM ---------------------------

Rick Dietz@ENRON
08/24/2000 05:30 PM
To: Ginger Dernehl/NA/Enron@Enron, Trisha Hughes/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Melinda Pharms/HOU/ECT@ECT, Pamela Chambers/Enron
Communications@Enron Communications, Claude Tellis/NA/Enron@Enron, Michael
Howe/HOU/EES@EES, Michael W Morris/HOU/ECT@ECT, Paul Choi/SF/ECT@ECT, Mark
Warner/HOU/ECT@ECT, Toby Kuehl/ET&S/Enron@ENRON, Sean
Sargent/Corp/Enron@ENRON, Teresa Wright/HR/Corp/Enron@ENRON, Kevin M
Presto/HOU/ECT@ECT, Micardo Johns/Corp/Enron@ENRON, Greg
Piper/Corp/Enron@Enron, Christopher Tracy/OTS/Enron@ENRON, Allan
Weatherford/GCO/Enron@ENRON, Brad Morse/HOU/ECT@ECT, Stephen
Schwarzbach/Corp/Enron@Enron, Gary W Lamphier/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Darrell Schoolcraft/ET&S/Enron@ENRON
cc:
Subject: ATTENTION ALL BASKETBALL PLAYERS

The Enron Basketball Association is hosting a full court "five on five"
tournament on September 16, 2000 from 8:00 a.m. untill 12:00 noon at Lutheran
North High School near the Loop 610 north and Shepherd.

You will be able to enter an entire team or enter as an individual and be
placed on a team.

If you are interested in participating, please contact one of the following
people prior to September 7th:
  Jamie Lynn  ext.  3-9515
  Rick Dietz   ext.  3-5691
   Steve Kleb  ext. 3-3959

We will have a team captain's meeting on September 8th to discuss the
tournament rules and prizes.  We plan to limit the tournament to eight teams,
so please sign up soon to join in on the fun.  There is no entry fee for
Enron Basketball Association Members.

Thanks,

Jamie Lynn, President
Enron Basketball Association


Your Real Audio will just show nothing for now.  Our lobbyist will call me
when it starts up and I'll let you know right away.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Dear Market Participants:

Attached are the meeting/hotel arrangements for the February 14, 2002
meeting in Houston, Texas.  Also included is the agenda and a brief
discussion on the Open Scheduling System (OSS).

If you receive more than one email concerning this announcement it means
that you are on multiple mailing lists external to NPCC.

Sincerely,

Francine Cox

 - OSS MEETING NOTICE FOR HOUSTON.doc
 - MEETING AGENDA FOR HOUSTON.doc
 - Northeast Power Coordinating Council.doc
---
You are currently subscribed to nyiso_tie as: paul.d.thomas@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-629431H@lyris.nyiso.com


Attached please find the referenced list.  As usual, no European power for
U.S. counterparties until further ntocie.


This request has been pending your approval for  23 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000059231&Page=Approval to review and act upon this request.

Request ID          : 000000000059231
Request Create Date : 9/10/01 2:04:59 PM
Requested For       : william.freije@enron.com
Resource Name       : Market Data Kobra Power
Resource Type       : Applications


Attached is financial information which Richard forgot to hand out last
night and asked that I pass on to you.

Joy Powell
>  -----Original Message-----
> From: 	Joy Powell
> Sent:	Tuesday, November 13, 2001 11:56 AM
> To:	Richard Everett
> Subject:	WPO Forum II Financials
>
> Attached.
>
>  <<2001 Checking Account.xls>>
>
> Joy Powell
> Exec. Asst. to C. Richard Everett,
> Chairman/CEO
> Century Development
> 1980 Post Oak Blvd., Suite 1200
> Houston, TX  77056-3877
> (713) 871-5119
>
 - 2001 Checking Account.xls


http://www.consultrci.com

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===============================================================
SCIENTECH IssueAlert, September 26, 2000
The Wires Business as a Cash (Strapped) Cow
By: Jon T. Brock, Director, Strategic and Competitive Intelligence
===============================================================

Victoria's  Office of the Regulator-General in Australia ruled last Thursday
that the state's five electricity distribution companies must reduce average
network charges by between 12 and 22 percent starting January 2001.

ANALYSIS:  There used to be a time not long ago when utilities were
strategically
addressing electric deregulation by diversifying into new "growth" businesses,
and in most cases many still are. Concerned about the impact competition
will have on the industry, utilities have conducted studies and research
to try and make themselves more appealing to consumers. The result is a
flurry of activity to diversify. Some companies diversify their services
in an attempt to be a "one-stop shopping" utility. Utilities across the
U.S. are offering home security systems, mobile phones and other
telecommunications
services.

Then there are the "rational" utilities who decide to stay in the business
that they know best ) the wires business.  This is due to the fact that
the wires business still remains regulated at a decent return for the typical
shareholder of what was the regulated utility and will become the regulated
wires company.  Let's take a look at some other countries that have
deregulated
before the U.S. and see how their wires companies have fared.

First, after the massive U.S. takeover of the British utilities (RECs)
in 1996-1997, the British government enacted a new law in July 1997 that
imposed a one-time windfall tax on the revised privatization value which
originally had been computed in 1990 on privatized utilities. OK, so this
is an anomaly.  It is not usually a cost of doing business in the wires-only
environment.

Second, in December of 1999, the Office of Gas and Electricity Markets
(OFGEM), the U.K. gas and electric regulatory body, published final proposals
for new rates in the distribution business and for price caps in the supply
business.  The final proposals reduced distribution rates beginning on
April 1 of 2000 (and it was not an April's Fool joke).

Third, Australia's state of Victoria appears to be helping set the trend
of making the wires business more efficient by mandating a reduction in
their rates.  They also ruled to set targets for different companies within
the state to improve reliability by between 15 and 37 percent.

It appears this "regulated" wires business is getting measured by a
"competitive"
business standard.  In any sense, lets bring it home.  California has become
the summer poster child for examples in the electric industry.  They have
an unregulated wholesale market that is spiking while the retail market
in one territory is open to feel the pain (price) of electricity while
the other areas are "protected", at least at the end consumer level.  But
who eats the difference?  The retailer of course.  Well, the retailer in
California just happens to be the wires company (incumbent service provider).
So while PG&E is trying to figure out how to recover these astronomical
gaps in what they pay for wholesale electricity and what they retail it
for, they may end up eating it.  This actually qualifies for that anomaly
argument that the U.K. experienced because it should not be the norm.

In a true deregulated market, wires should take care of getting electrons
to customers while retailers should handle the commodity and value-added
services.  I know of only one state in the U.S. that is proposing this
model for their opening date ) Texas.

Can wires survive on their own?  You bet.  But I believe there are trends
forming that will have to be addressed by any company focusing on a wires
strategy.  The new wires companies will come under regulatory scrutiny
to become more efficient.  Their rates will be reduced and they will be
expected to increase reliability.  In other words, do more with less.
This will mean two things:  One, size is important.  Scale always produces
efficiency in one form or another.  Second, these new companies will seek
efficiencies in cost savings.  This is one reason for the explosive growth
in the supply chain and exchange areas of the utility industry. Do not
expect your local regulator to stick to the cost-plus method of calculating
rates for wires.

This does raise an interesting question that I will save for another day.
How does the wires company successfully raise investment capital for improving
its distribution system with such low rates of return?
==============================================================

Today's related article entitiled, "Lines of Argument: Can a "Wires-Only"
Company Succeed in a Competitive Market" (January 2000), can be found in
our SourceBook archive at:

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Director, Strategic and Competitive Intelligence
jbrock@scientech.com

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

SCIENTECH's IssueAlerts are compiled based on independent analysis by
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consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


Start Date: 1/10/02; HourAhead hour: 18;  HourAhead schedule download failed. Manual intervention required.


Darren:

I never received copies of the confirms which we discussed.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


It means that some people hear what they want to hear.  Michael Miller has
been asked to complete the work on the IM because we are going to need that
information at some point anyway.  Frank sees a far different process for the
North, while I foresee another big effort, but with a sale of the North in
smaller chunks.  Stay tuned....

Kelly Kimberly@ENRON_DEVELOPMENT
04/04/2000 08:13 AM
To: J Mark Metts@Enron, Steven J Kean@EES
cc:
Subject: Employee memo

Gentlemen--here is the revised draft of the all-employee memo that we could
send from the Office of the Chairman.  Since Diomedes and David aren't
pushing this, I'd rather just keep it in reserve right now rather than keep
it moving.  (I am not sending this latest version to them.)  Mark, for your
info I am including the version that Diomedes and I have tentatively agreed
on that he would send to his region as well.

I am getting mixed signals on NoCal.  Michael Miller says he is still working
on their IM, yet today Frank Stabler said that he doesn't want the news clips
any more due to their "change in status".  What does this mean?


Attached is a calculation of your "Total Capital" deployed, building from
equity, for the years 2000 and 2001.
Rick Causey has asked me to present  this "Total Capital" broken down between
the following categories:

  Strategic Pipelines
  Strategic Power Plants
  Strategic Communications
  Strategic Other (Subdivide as you like)
  Merchant

Not included in the attached numbers are off balance sheet items. Please give
a summary of any off balance sheet
items.

The capital presented is estimated from the plans recently submitted. I am
not looking for total precision, just good
estimates. I need this information early next week. It will be used in a
board presentation.

Thanks for your help,

mike d


I am on maternity leave until December 1, 2001.  Please contact Hilda Bourgeois-Galloway at 713-345-6805 or hbourge@enron.com for immediate assistance.


John:

Nick and I spoke about this letter draft this morning before he left for D.C.
I will soon be preparing a few edits to this draft to attempt to mitigate the
risk that the online activities would be considered EJ activities for
tax/regulatory purposes without detracting from the PR value of the letter.
My understanding is that Joe wants to sign the letter (as opposed to having
someone from EOL sign) for market value reasons, which is certainly
understandable. I'll circulate that edited draft later today.

Susan: Please call me to discuss.

Alan

To: Nicholas O'Day/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Paul.TYO.Davis@BakerNet.com
cc: Joseph P Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz@ECT
Subject: EnronOnline Letter

Per our discussion earlier today,  attached is a draft of the letter we
propose to send out from Joe Hirl on Enron Japan letterhead during the week
of May 8.


Message-ID: <sa37498d.020@dnc.democrats.org>
From: Josh Lahey <LaheyJ@dnc.democrats.org>
To: undisclosed-recipients <undisclosed-recipients:;>
Subject: 12-13-00 Statement by William Daley
Date: Wed, 13 Dec 2000 10:03:45 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: text/plain

Gore/Lieberman Recount Committee

For Immediate Release
Wednesday, December 13, 2000

Contact:
Douglas Hattaway (FL)
850-205-8683
Chris Lehane (DC)
202-863-7171

STATEMENT BY WILLIAM DALEY

The Vice President has directed the recount committee to suspend activities.
He will address the nation this evening.

###


---------------------- Forwarded by Carol St Clair/HOU/ECT on 04/18/2000
12:04 PM ---------------------------

Parking & Transportation
04/17/2000 01:33 PM
To: Carol St Clair/HOU/ECT@ECT
cc: Parking & Transportation/Corp/Enron@Enron
Subject: Parking Receipt for Benefit Purpose

This document will serve as a receipt for $89.00 paid in the month of April
for Parking.  The receipt is issued by Enron Property and Services, Parking
and Transportation Desk to ST. CLAIR,CAROL L, Social Security Number
*********.  The company subsidy paid for the month of April is $50.00.


Shona, Brent and Sally,
This morning, the cash flows from approximately 75 books were not received by
Infinity from the ERMS system.  We normally get 375 books and only got 296
this morning.

Per conversation with Joyce Kuo and Mike Moscoso, Susan Trevino, Risk
Controls,  and Christian, RAC, changed the book heirarchy on Friday, moving
global products books, including the prepays, out of the ECT group and into
another group.  We have had discussions in the past verifying with Risk
Controls that the ECT group is the only group which automatically sends its
cash flows to Infinity.  Other cash flows from books are included only by
being listed in a script.  This was not done when the books were moved from
the ECT Group on Friday.

Obviously, the Rate & Currency is not able to hedge Enron's cash flows when
so much has been omitted.   At this time we are about one hour away from a
good Hedging report for the trading desk.  This report is due the desk daily
by 7:30 am.

Mike and I discussed the need for controls and sign-off by him or Shona for
changes in book heirarchy.
Sheila


Thank you for the email.  I hope everything is going well.  The gas market is
up to its same old tricks this year.  Keep in touch.

Sincerely,
Mike


Attached is our Confidentiality Agreement.  Please feel free to call me at
(713) 853-6544 if you have any questions.


http://216.32.180.250/cgi-bin/linkrd?_lang=EN&lah=1b528fca4b41ea95628969c6cfd2c090&lat=1003793331&hm___action=http%3a%2f%2fbiz%2eyahoo%2ecom%2frb%2f011022%2fbusiness_utilities_enron_dc_4%2ehtml
Yeah, I believe you...  I was under the influence and I didn't even believe the crap you were spouting...  Doors closing, next stop - HELL,[IMAGE]
Take care bud
S out.
>From: Jason.Wolfe@enron.com
>To: sumitb23@hotmail.com
>Subject: RE: FW: football
>Date: Tue, 16 Oct 2001 11:25:43 -0500
>
>I'm up on all that. I was on my way to Portland, so couldn't pick up
>Canidate. However, it looks
>like Faulk only has bruised bone and will be back in 1-2 weeks.
>Shaun Alexander was the big miss, that guy could be a stud.
>We won again, and are 4th in the league with a good shot to win our next 2.
>Surprising, considering how shitty Thrash has become.
>
>I will be back from Portland Wed night so I will probably see you at some
>point.
>J
>
> -----Original Message-----
> From: "Sumit Bhattacharya" @ENRON
> Sent: Tuesday, October 16, 2001 9:07 AM
> To: Wolfe, Jason
> Subject: Re: FW: football
>
> http://games.espn.go.com/content/ffl/2001/story?page=waiverwirework5
> What's up J,
> coming in this weekend on Thursday. Better see you, bud.
> - S out.
> >From: "Wolfe, Jason"
> >To:
> >Subject: FW: football
> >Date: Thu, 6 Sep 2001 07:22:06 -0500
> >
> >
> > > > > > > Round one
> > > > > > > > 1) Molly Maguires - E. James
> > > > > > > > 2) Boston Squash - R. Gannon
> > > > > > > > 3) Snot Bubbles - M. Faulk
> > > > > > > > 4) Jimmies - D. Culpepper
> > > > > > > > 5) ESL Murder Dawgggs - P. Manning
> > > > > > > > 6) Steelmania - Randy Moss
> > > > > > > > 7) Bucs - Eddie George
> > > > > > > > 8) Bronx Bombers - Jeff Garcia
> > > > > > > > 9) Pump N Go Deep - Kurt Warner
> > > > > > > > 10) Crack Stack - Fred Taylor
> > > > > > > > 11) sealitup - Donovan McNabb
> > > > > > > > 12) new - Brett Favre
> > > > > > > >
> > > > > > > > Round two
> > > > > > > > 13) new - Marvin Harrison
> > > > > > > > 14) sealitup - Stephen Davis
> > > > > > > > 15) Crack Stack - Brian Griese
> > > > > > > > 16) Pump N Go Deep - Curtis Martin
> > > > > > > > 17) Bronx Bombers - Tim Brown
> > > > > > > > 18) Bucs - Terrell Owens
> > > > > > > > 19) Steelmania - Corey Dillon
> > > > > > > > 20) ESL Murder Dawgggs - Tony Gonzalez
> > > > > > > > 21) Jimmies - Ricky Williams
> > > > > > > > 22) Snot Bubbles - Brad Johnson
> > > > > > > > 23) Boston Squash - Issac Bruce
> > > > > > > > 24) Molly Maguires - Trent Green
> > > > > > > >
> > > > > > > > Round Three
> > > > > > > > 25) Molly Maguires - Keyshawn Johnson
> > > > > > > > 26) Boston Squash - L. Tomlinson
> > > > > > > > 27) Snot Bubbles - Cris Carter
> > > > > > > > 28) Jimmies - Rod Smith
> > > > > > > > 29) ESL Murder Dawgggs - Duce Staley
> > > > > > > > 30) Steelmania - Derrick Alexander
> > > > > > > > 31) Bucs - Matt Hasselback
> > > > > > > > 32) Bronx Bombers - Lamar Smith
> > > > > > > > 33) Pump N Go Deep - Ed McCaffrey
> > > > > > > > 34) Crack Stack - Torry Holt
> > > > > > > > 35) sealitup - Joe Horn
> > > > > > > > 36) new - Ricky Watters
> > > > > > > >
> > > > > > > > Round 4
> > > > > > > > 37) new - Eric Moulds
> > > > > > > > 38) sealitup - Jamal Anderson
> > > > > > > > 39) Crack Stack - James Stewart
> > > > > > > > 40) Pump N Go Deep - Warrick Dunn
> > > > > > > > 41) Bronx Bombers - Jimmy Smith
> > > > > > > > 42) Bucs - Micheal Strahan
> > > > > > > > 43) Steelmania - Amani Toomer
> > > > > > > > 44) ESL Murder Dawgggs - David Boston
> > > > > > > > 45) Jimmies - Wayne Chrebet
> > > > > > > > 46) Snot Bubbles - Germane Crowell
> > > > > > > > 47) Boston Squash - Ahman Green
> > > > > > > > 48) Molly Maguires - Brian Urlacher
> > > > > > > >
> > > > > > > > Round Five
> > > > > > > > 49) Molly Maguires - Michael Bennett
> > > > > > > > 50) Boston Squash - Warren Sapp
> > > > > > > > 51) Snot Bubbles - Robert Porcher
> > > > > > > > 52) Jimmies - Shannon Sharpe
> > > > > > > > 53) ESL Murder Dawgggs - Jerome Bettis
> > > > > > > > 54) Steelmania - Chad Lewis, Phi
> > > > > > > > 55) Bucs - Derrick Brooks
> > > > > > > > 56) Bronx Bombers - London Fletcher - DL STL
> > > > > > > > 57) Pump N Go Deep - Antonio Freeman
> > > > > > > > 58) Crack Stack - Muhsin Muhammad
> > > > > > > > 59) sealitup - Travis Taylor
> > > > > > > > 60) new - Ray Lewis
> > > >
> > > >
> > > > > > > > Round Six
> > > > > > > > 61) new - Freddie Jones (TE--SD)
> > > > > > > > 62) sealitup - Frank Wycheck
> > > > > > > > 63) Crack Stack - La'Roi Glover
> > > > > > > > 64) Pump N Go Deep - Tiki Barber
> > > > > > > > 65) Bronx Bombers - Oronde Gadsden - WR MIAMI
> > > > > > > > 66) Bucs - James McKnight
> > > > > > > > 67) Steelmania - Aaron Brooks
> > > > > > > > 68) ESL Murder Dawgggs - J Thrash
> > > > > > > > 69) Jimmies - Ryan Longwell
> > > > > > > > 70) Snot Bubbles - Jerry Rice
> > > > > > > > 71) Boston Squash - Charles Woodson
> > > > > > > > 72) Molly Maguires - Mike Brown , DB Chicago Bears
> > > >
> > > > > > > > Round Seven
> > > > > > > > 73) Molly Maguires - Peter Warrick
> > > > > > > > 74) Boston Squash - Michael Westbrook
> > > > > > > > 75) Snot Bubbles - Jevon Kearse
> > > > > > > > 76) Jimmies - Mark Brunell
> > > > > > > > 77) ESL Murder Dawgggs - J Galloway
> > > > > > > > 78) Steelmania - Tyrone Wheatley
> > > > > > > > 79) Bucs - Byron Chamberlain
> > > > > > > > 80) Bronx Bombers - Emmitt Smith
> > > > > > > > 81) Pump N Go Deep -
> >
> >
> >
> >
> >**********************************************************************
> >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.
> >**********************************************************************
>
> Get your FREE download of MSN Explorer at http://explorer.msn.com
>
>

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


Jerry is working on his house and I think its raining in East Texas so I
probably won't go to either.


Dear MICHAEL TAYLOR,

You have been added to the waiting list for the following.

Course Title : 'Derivatives II - Energy Derivatives Advance Structures & Marketing'
Session Code : 100401

The course details are given below for your confirmation.

Type            : Instructor Led Course
Course Code     : DERIV2

Session Code    : 100401
Starting Date   : Oct 4, 2001 8:00 AM
Ending Date     : Oct 5, 2001 5:00 PM

Number of Units : 16
price           : $800.00

Location        : EB552
                  Enron Building
                  1400 Smith
                  Houston
                  http://

Meetings        :
      Start Time:  Oct 4, 2001 8:00 AM
        End Time:  Oct 5, 2001 5:00 PM
     No instructors or rooms have been assigned to this meeting.

You will be notified if a seat opens.

Thank you,
Docent Learning Management System.


Dan,

As discussed, please find below details of Phy Gas deal:

Deal Date: 3/22/01
Deal No: QY6327 / 687279
Buyer: Royster - Clark, Inc
Seller: ENA
Start Date: 4/1/01
End Date: 3/31/06
Firm
Volume: 2,800 / day
Price: NOVA.AECO-C-US. CGPR. M.I. plus USD 0.4875
Delivery Point: Northern Natural Gas Company - Ventura

Please let me know if you need any more details.

Thanks,
Ellen
x54099


NGI's Daily Gas Price Index
published : November 13, 2001
Watson: Enron Upside 'Clearly Worth Doing the Deal'
Dynegy CEO Chuck Watson told the investment community Monday that he was "90% sure" that the risk/reward ratio in the planned merger with Enron Corp. made it "clearly worth doing the deal," because the issues that decimated the former market leader were with its non-core businesses. Explaining that his team had "adequately bracketed the downside," as the deal fell together over the past few weeks, Watson said he could not be "99% positive," but noted that the upside was "substantial," and said he had a "good deal of confidence...that we'll be absolutely fine here."
Dynegy, which announced a $22 billion cash, stock and debt deal with its downtown Houston rival on Friday night, joined with Enron executives including Chairman Kenneth Lay on Monday to answer as many questions as they could in about 90 minutes. If all goes to plan, the two companies would become Dynegy Inc. by the third quarter of 2002, the clear leader in natural gas and power marketing.
In the second quarter 2001, Enron and Dynegy combined sold a total of 36.2 Bcf/d of gas, which represented 21% of the volumes sold by the top 20 gas marketers in North America (168.9 Bcf/d), according to a ranking by NGI. Enron was the top gas marketer with 25.3 Bcf/d and Dynegy was No. 6 with 10.9 Bcf/d. Statistics provided by Maryland-based Energy Performance Review (EPR) show that Enron and Dynegy combined sold 143,824 million kWh of power in the second quarter. That total represented 14% of the power sold by the top 20 largest power marketers (1,000,961 million kWh), according to EPR. Enron was in fifth place among power marketers with 73,724 million kWh sold, while Dynegy was in sixth place with 70,100 million kWh.
The blending of the two will not come without challenges, but Watson stressed he expects to see more opportunities than problems. The opportunity appears to have come none too soon for Enron. Greg Whalley, Enron's president and a future member of Dynegy's executive team, confirmed that without some kind of equity investment in the company, the once market leader probably could not have sustained its liquidity through the rest of this year.
"We definitely needed to raise some type of equity capital," said Whalley. "Under normal market conditions, we would have had adequate liquidity. This was not normal for Enron. We would not have had liquidity to the end of the year."
Asked about asset sales in anticipation of meeting federal requirements to merge, executives acknowledged there would be some, but did not elaborate. Whalley said that from an "Enron perspective, we have not spent a lot of time with Dynegy people to agree on a plan. Chuck (Watson) has to clear what is core to Dynegy. There are several (assets for consideration to sell) on the list."
Enron Chairman Kenneth Lay, who will not be part of the management team, but may hold a place on the Dynegy board of directors, added that Enron already has $4 billion in sales under contract, all expected to close by the end of 2002. "We also have three other significant international assets under contract," said Lay, referring to the among other things, the Dabhol power plant in India.
Once the merger of Dynegy with Enron is successfully completed, the new Dynegy will become the "primary market player in all markets," but there will be a significant difference in how the company moves forward, noted Dynegy CFO Rob Doty. Enron's financial-backed trading strategy will merge with the "strong asset base" of Dynegy's.
Dynegy has protected itself on the downside, however. The deal includes an out for Dynegy if Enron's legal liabilities exceed $3.5 billion.
Asked about the possibility that some of Enron's marketing and trading team may desert the company for another company, Watson, stressing that teamwork will be the guiding force going forward, said, "if I were in this industry, this is the combination I'd work for. This is an exciting day here. It's been an exciting couple of weeks" creating a "platform for something really special in the future."
Enron's Whalley said that he believes the company will keep most of its team intact. "They're accustomed to being part of a winning deal," he said, and "going forward, they will be very pleased with the additional infusion of equity and the stability in the marketplace." As of Monday morning, Whalley said that "activity looks pretty good," and said there had been a positive reception to the merger. "Right now, people are pleased with the introduction of new liquidity, and really want to go about establishing or re-establishing the energy franchise."
Dynegy President Steve Bergstrom agreed. "Most traders want to be part of a winning team. This is a combination that will be a winning team. We have similar issues there as well. The 'A' players will stay around to be part of the winning team." Bergstrom explained that when the merger is complete, the new Dynegy will become the "primary player in all markets." He said Dynegy has a "more asset-backed strategy," adding that he has said before that "you can only have one market maker and Enron clearly was it." By combining the two companies, there will be a blend of Dynegy's asset strategy with Enron's "financial skill set," giving the new entity "more liquidity market-making than Dynegy itself has historically done."
Added Watson, "both companies had a successful ratio and nothing is going to change there...I'm a strong believer in teams and the team concept. I don't want to see individuals do well if the company doesn't do well. It (will be) imbedded in the whole company."
Ben Schlesinger, whose company Schlesinger & Associates analyzes the energy industry, said Monday that the big problem in the merger is "whether these two companies are able to pull together...to harness what's there." He said the "two parties are clearly leaders," but theoretically, they will have to streamline their operations. "Both books are fairly strong," he said, and once their efficiencies are put together, the new company will offer "stable returns." In the "very short term," however, Schlesinger said there will be moves to other traders.
Other analysts also seemed to be throwing support behind the merger. UBS Warburg reiterated its "strong buy" rating on Dynegy, noting that "if successfully executed, this transaction would yield the most widely recognized, respected and downright credible wholesale/retail energy merchant in the world." However, UBS warned that Dynegy still faces a "daunting" task in merging the operations and employees. "We are not naive in underestimating the enormous challenge at hand. In the near-term, Enron must remain highly liquid, investment grade and its employees must remain focused on keeping its core wholesale/retail franchises up and running."
Merrill Lynch's Donato Eassey reiterated the "buy" on Dynegy and "moving to no opinion" on Enron. He said, "Dynegy has all the necessary skill sets and as importantly, the financial stability, resources and investor confidence and experience to get the job done...Enron's unparalleled online trading business should translate to significant prospects for the new Dynegy."
Curt Launer, an analyst with Credit Suisse First Boston, added that despite the size of the new company, "we do not expect major divestitures or closing issues because of the lack of asset concentration and the inherent competitiveness of the natural gas and power marketing business." He noted too that with the combination, "we have modeled a merchant unit that does 25% less business," because of "cross trading between them and some expectation of a loss of market share." Still, Launer said Dynegy would become a "formidable competitor" benefiting from a market share in excess of 20% of U.S. natural gas and power trading markets."
As expected with most major merger announcements, Moody's Investors Service placed the ratings of Dynegy and its subsidiaries under review for possible downgrade, noting that "notwithstanding the franchise benefits of the proposed merger, the financial and business risks associated with the transaction could negatively impact Dynegy's credit fundamentals." The review affects about $4 billion of Dynegy securities, including its subsidiaries Illinova Corp. and Illinois Power Co.
In its rating review, Moody's said it will "assess Dynegy's plans to meet the liquidity needs of the combined entity and to deal with the uncertainty surrounding Enron's off-balance sheet transactions and contingent risks...and examine the ultimate structure of the transaction, and its impact on Dynegy's financial leverage and on management's targeted debt levels." The ratings service also plans to "consider the governance framework within which the combined trading activities will operate."
Ratings under review are: Dynegy's Prime-3 rating for commercial paper; Dynegy Holdings' Baa2 senior unsecured debt rating and its Prime-2 rating for commercial paper; Illinova Corp.'s Baa3 senior unsecured debt rating; and Illinois Power Co.'s Baa1 senior secured and Baa2 senior unsecured debt ratings, and its Prime-2 rating for commercial paper.
Fitch revised its rating watch on Enron's outstanding securities to "evolving" from "negative," where they were placed in late October. The rating watch evolving means the ratings may be raised, lowered or maintained. Fitch also placed a rating watch negative on Dynegy and Dynegy Holding's long-term credit ratings, which also means they could be lowered or affirmed. The outstanding "F2" rated commercial paper programs for Dynegy and Dynegy Holdings were not affected.


Energy Committee Members:

Below and attached you will find information regarding DOE's software, which
allows network-based activation of sleep mode on computer monitors.  Terry
O'Sullivan observed the last meeting of the Energy Committee and believes
this to be valuable information for many of our member companies.  If you
would like additional information about this or other program elements,
please contact Terry O'Sullivan (510-482-4421 x223;
terry@energy-solution.com) and he will be happy to talk with you further.

The EPA is preparing a nationwide campaign to enable the Energy Star sleep
mode function on computer monitors.  This campaign will feature DOE's new
public domain software, which allows a system administrator to enable the
sleep mode on computer monitors via the network.  The programs author was
very interested in meeting with our group, unfortunately time does not allow
with the increasing urgency of many issues that demand our committee's
attention.  However, I did not want you to miss out on this opportunity.
Please take a moment to review the attached information.

Again, please feel free to contact Terry for more information.

Thanks

 - DOE autoactivation.PDF
 - Energy Solutions.doc
 - Off-equip Bullet 3-27.rtf


While there were some attempts late last week to attach the Senate pipeline
safety bill to final appropriations package before Congress adjourned, the
legislation was not included.

While Senator John McCain (R-AZ) requested that the measure not be included
in any spending bills, House and Senate Republicans at the negotiating table
over the Labor-HHS bill did propose inclusion of the pipeline safety bill.
However, House Democrats -- in particular, Rep. David Obey (D-WI) and Jim
Oberstar (D-MN) -- voiced strong objections, so the bill was not included.

Jeffrey Keeler
Director, Environmental Strategies
Enron
1775 Eye Street, N.W.  Suite 800
Washington, D.C.  20006
(202) 466-9157 - phone
(202) 331-4717 - fax
(888) 502-6856 or 5026856@skytel.com - pager


Fernley - attached as discussed, initial gas & power operating standards for
Houston.  We will use these as a basis for comparison with other offices and
ultimately the development of global standards across the company.

Sally - you may have seen these already but I wanted to make sure you had a
copy.

Call me with any questions or comments.


The posting process as discussed below in Steve Kirks email is what we believe is the best way to handle the sale of any incremental Needles only capacity.

 In regard to new generally available capacity, for example as a result of a ROFR contract not rolling over,  the capacity would be posted as generally available, and again, per the tariff we are not required to agree to amend a primary point.  We would suggest use of a posting/open season that follows the turnback capacity for sale with the parameters for bidding laid out, including the time period for which we are accepting bids.  If no acceptable bids are received, and a shipper asks to amend their primary point, the tariff provides the right to decline unless agreed.  However, if you have given a shipper the contractual right to change their primary point ie, request an available point, you will have to accept the request.   Hope this helps and concurs with our discussion today.

 -----Original Message-----
From: 	Kirk, Steve
Sent:	Tuesday, October 09, 2001 3:26 PM
To:	Kilmer III, Robert; Lokey, Teb
Cc:	Miller, Mary Kay; Pavlou, Maria
Subject:	Increased Take-away at SoCal Needles

Based upon our understanding of the request from TW Marketing, here is our suggested position on the posting and awarding of potential take-away capacity at SoCal Needles from approximately 1/1/02 to 5/31/02.

TW would post on its website a notice in the capacity section that, based on information provided by SoCal regarding an expansion on their system, the take-away capacity at SoCal Needless may be increased by __Dth/day for the period of approximately 1/1/02 to 5/31/02.  Shippers would be advised that the actual start date would depend on SoCal completing their system modifications. The posting would say that TW would accept requests for such capacity during a stated period of time (a minimum of 3 business days).  TW would award the capacity to the shipper(s) willing to provide the greatest cost commitment. The greatest cost commitment would be defined as those revenues above and beyond the current revenues which Transwestern already receives from reservation charges being paid prior to the bid period.

Call me and I'll arrange for us to meet to discuss this further.   sjk


Without Prejudice

Here is the matrix with work allocated.  If you run out of work or have too much, let me know.  Thanks.

Any other issues let me know.

Please follow the procedures laid out in Kyle's memo.

Please set up a file (use a legal file with sections for the model calc's, termination status notes and letters, notes on telephone conversations and script reviewed, release and other agreements, etc. for each counterparty with all of the relevant data.  At the end of the day these will be merged with the legal files.  Use orange labels so that we can easily identify these files around the office.

We now have a directory set up under i:\CES\Estate to capture clean-up stuff.  You should save your models or anything else created in a sub-directory of the company name.

To get a sense of exposures and contract type for a given counterparty, please see Jason Biever.  We have an exposures report prepared out of TAGG with AR/AP from accounting - I don't want this to be widely copied so if you wouldn't mind, just work through Jason to get the 4 pieces of information for your counterparty (physical contract type, FMTM, PMTM, AR, AP).  The MTM is from Dec 11, somewhat in the middle of all the termination dates.  You will have to ask Risk to get a TAGG run from the termination date.

Kyle,
We need to confirm a process for handling counterparties with many deals (eg. Duke, PanCdn).  I would suggest that we run TAGG, then take all deals of MTM over $50,000 and model them separately.  The rest of the small deals we would group using the TAGG run to value.  You might want to set a higher or lower threshold.  Please let me know.

Peter,
We need to issue to the teams a termination status for each of the counterparties on the priority list, or would you prefer that groups contact Chris Christopher in Greg's absence to go through the details on termination status (this could prove a roadblock over the next few days).  At any rate, per our process, the teams need to sit down with legal before they start, to understand the situation.


John

I don't see Maggie's line on the P/L

Lavo


Thanks.

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Wednesday, February 06, 2002 2:25 PM
To:	Reeves, Kathy; Dahlke, Andrea; Evans, Casey; Lewis,  Jon Paul; Vinson, Donald Wayne; Chang, Fran; Dunton, Heather; Postlethwaite, John
Subject:	EnPower Set Up

In order to point to the UBS environment in EnPower you need to change your PortCalc Host to the following.  This screen is reached through Tools - Option Environment.  Also, copy the PortCalc Host into your FTP Host:

 << OLE Object: Picture (Device Independent Bitmap) >>

Let me know if you have any questions.

Stacey


dutch,

play this over the box

 -----Original Message-----
From: 	Moon, Eric
Sent:	Monday, October 29, 2001 12:59 PM
To:	Griffith, John
Subject:	FW: America's new weapon

 -----Original Message-----
From: 	Boyt, Eric
Sent:	Monday, October 29, 2001 10:41 AM
To:	Fitzwater, Loftus; Diamond, Russell; Little, Kelli; Calcagno, Suzanne; Moon, Eric; Cramer, Chris
Subject:	FW: America's new weapon

[Boyt, Eric]  You have to turn up the volume a little

This just cracked me up.................................................

http://members.sigecom.net/theclan/Taliban.html


---------------------- Forwarded by Randall L Gay/HOU/ECT on 11/07/2000 10:44
AM ---------------------------

"PO_JACK" <PO_JACK@email.msn.com> on 11/07/2000 09:29:38 AM
To: "Regina Perkins" <rperkin2@enron.com>, "Randy Gay" <rgay@enron.com>,
"Phyllis Fuller" <pfuller@enron.com>, "Peter Vint" <pvint@enron.com>, "Sally
Shuler" <sshuler@enron.com>, "Sabra Dinari" <sdinari@enron.com>
cc:
Subject: Good Morning All, This is Fred Jackson

Just thought I would say hello and let you know I'm  still in the land of the
living.? Take note of my new e-mail address and  stay in touch.? Talk to you
all soon.
?
Peace & Hair Grease,
?
FGJ


Great--thanks.  df

Steve Kirk
02/13/2001 03:28 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Craig Buehler/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Ranelle Paladino/ET&S/Enron@Enron, Jo
Williams/ET&S/Enron@ENRON, Linda Trevino/ET&S/Enron@ENRON, Maria
Pavlou/Enron@EnronXGate, Dari Dornan/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON

Subject: Re: EOL Routing/Approval - Urgent

Drew, regarding your discount/capacity release comment, we will continue to
have that language in the "Other" section of the TFX agreement on the
website.  The TFX agreement is found by clicking on the GTC icon at the end
of the product long description.  Also, we agree that our current practice
will be to post only deals of less than one year.

Drew Fossum
02/13/2001 10:38 AM
To: Craig Buehler/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Craig Buehler/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Ranelle Paladino/ET&S/Enron@Enron, Jo
Williams/ET&S/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Linda
Trevino/ET&S/Enron@ENRON, Maria Pavlou/Enron@EnronXGate, Dari
Dornan/ET&S/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON

Subject: Re: EOL Routing/Approval - Urgent

I am OK on selling these packages on EOL.  This approval is based on my
understanding that all of this capacity is currently posted, or, if not
currently posted, will be posted for the appropriate amount of time prior to
sale.  Additionally, this approval is contingent on use of the webtext we
have been using for other EOL deals (I feel the need to say the obvious
because I don't believe Law will see anything on these packages again).  I
also assume that these will be short term deals--i.e., less than one year.
Any long term discounted deals raise concerns that our "standard discount
language" is designed to address, such as what is the effect of a new rate
design or reduction in the max rate on the discounted deal.  I think we can
live without that language in short term deals for now, but we need to
revisit this issue and come up with a solution before we sell any long term
deals on EOL.  ONe last thing, it is marketing's decision whether to include
in the webtext the provision that says Northern gets the $$ if the shipper
releases the capacity at a rate higher than the discounted rate.  I think our
approach in negotiated deals has been to get that agreement if we could (a
basis run up could make it a very valuable right).  If you have any
questions, call me.  DF

	From:  Craig Buehler                           02/12/2001 02:50 PM

To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Craig
Buehler/ET&S/Enron@ENRON
cc: Glen Hass/ET&S/Enron@ENRON, Ranelle Paladino/ET&S/Enron@Enron, Jo
Williams/ET&S/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Linda
Trevino/ET&S/Enron@ENRON

Subject: EOL Routing/Approval - Urgent

***  EOL ROUTING ***

Please send your approval by return email, to Craig Buehler, for the EOL
packages listed on
the attached spreadsheet.  Each of the packages (22 in total) shows the path,
sustainable capacity
and proposed rate for each product.  The rates are estimated to provide a
measure for the dollar
amount of the discount (per our current discount policy).  These 22 products
are the initial deals
being offered; subsequent packages will be routed as they are developed.
Please call Craig, at
713-853-6964, if you have questions.  After approval by Legal, Reg Affairs
and Marketing, the
approvals and/or comments will be forwarded to Danny McCarty for review.

Thanks,

Craig


OK to update

	Sherri Sera
	12/29/2000 09:51 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Updating Memberiship Directory

Steve, I'm not sure if this is something I should complete or not.  Please
advise.  Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 12/29/2000
09:38 AM ---------------------------

elcon <elcon@elcon.org> on 12/28/2000 10:13:49 AM
To: garfield@FirstEnergyCorp.com, cdurkin@npcc.org, henry@cboe.com,
dbevelhymer@Arlington.tnsk.com, dave.goulding@iemo.com, dmangsk@enron.com,
degrenn@nppd.com, erlenye@texasutilities.com, kamole@nipsco.com,
gvoigt@mis.aecc.com, hhawks@tenaska.com, jdavis06@apsc.com,
jrmcelhaney@bpa.gov, jmdonnell@duke-energy.com, jjura@aeci.org,
jgoodrich@worldnet.att.net, jbp6217@idahopower.com, sreinar@enron.com,
jerry.saacks@opc.com, jqa@mediaone.net, jose.delgado@wepco.com,
joseph.h.richardson@fpc.com, cpuadmin@clarksdale.com, Enthovenm@ol.com,
mike@wapa.gov, mike.gent@nerc.com, mgreene2@txu.com, pete.landrieu@pseg.com,
pjmulchay@nipsco.com, PaulB@CitizensPower.com, paul_evanson@fpl.com,
harrispg@pjm.com, rdrouin@mccarthy.ca, rmidulla@seminole-electric.com,
hiney.r@nypa.gov, bharbour@soyland.com, bzemanek@csw.com,
ron.threlkeld@bchydro.bc.ca, Rthilly@wppisys.org, sharonnels@aol.com,
spopowsky@paoca.org, Tberry8970@aol.com, wreinke@duke-energy.com,
bwhite@wedgegroup.com
cc:

Subject: Updating Memberiship Directory

Attached is the ELCON Update form. Please complete this form by filling in
your information
and making corrections as needed. Return it to ELCON as soon as possible.
 - UPDATE FORM MEMO.doc


Shona,
 Access to the Executive Reports Viewer is at the discretion of John
Lavorato.  Recently, the list was revised in an effort to minimize access.
If you feel your name was removed in error, please feel free to contact John
at x37991.

Thanks,

Kristin Walsh
(713) 853-9510

	From:  Shona Wilson @ ENRON                           09/15/2000 01:50 PM

To: Christa Winfrey/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: Re: Executive Reports Viewer

I tried to get into the reports viewer and noted that changes have been
made.  As I am the director responsible for the DPR, I need access to all
reports.

Please let me know when you have given me access again.

Regards,

Shona

X39123

Christa Winfrey@ECT
09/13/2000 03:16 PM
To: Brad McKay/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, Larry May/Corp/Enron@Enron, Mike Grigsby/HOU/ECT@ECT,
Sandra F Brawner/HOU/ECT@ECT, Kristin Albrecht/Enron Communications@Enron
Communications, Eugenio Perez/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Sarah
Mulholland/HOU/ECT@ECT, Robert Richard/Corp/Enron@ENRON
cc: Annemieke Slikker/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT

Subject: Executive Reports Viewer

In an effort to maintain the integrity of the sensitive reports of ENA, and
therefore, minimize access to this information, permissions to the Executive
Reports Viewer were recently reviewed by John Lavorato, and his revisions
were made accordingly.

If you have any questions or comments, please contact me at 3-9307 or Kristin
Walsh at 3-9510.

Thank you,
Christa Winfrey


GOOD MORNING!
PLS FIND ATTACHED SHIP'S TIMESHEET FOR QALHAT.

ETA SUEZ 20 2000 LT
ETA ALGECIRAS, SPAIN 27 1200 LT
ETA LAKE CHARLES 08 JUNE 0100 LT

Brgds Knut Bentzr?d
Master LNG/C "Hoegh Galleon"

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+873 330853910
Fax   : Inmarsat fax no.+873 330853913
Telex : Inmarsat B telex no.+583 330853915
Telex : Inmarsat C telex no.+583 430853910 (24hrs.watch)

 - portlog.qalhat,voy2.xls


Free for a quick drink after work?  I think I really need one.

kt