Is it time to let your tax pro go? This week, we'll help you decide.
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IRA to a Roth. Also, Multex Investor director of investment research
Marc Gerstein discusses momentum investing, and CFA William Valentine
tells investors of which recent scandals and near-disasters to pay
heed and which to ignore. Plus: featured reports on an office property
REIT that is doing well despite the economy, and a five-star value
fund. Don't miss Multex Investor's Select Mutual Fund report for 2002.

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Below
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- Investment ideas
- Personal finance
- Fund watch
- Online advice and chats
- Free and sponsored reports

Investment ideas
-----------------------------------------

1. INVESTING STRATEGIES
Relative momentum
The "greater fool" theory sounds funny, but it isn't a
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By Marc Gerstein, director of investment research

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How to assess the mini-scandals and near-
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1. Personal finance
-----------------------------------------

Taxes on MultexPF
Is it time to let your tax pro go?

It is human nature to prefer the status quo, but when
it comes to your income taxes, there are definite
reasons it may be time to change the professional who
prepares your return.  Here are some issues to
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http://www.multexinvestor.com/Topic.asp?target=/personalfinance/taxes/item&ForumID=23&DocID=5877&nd=0202

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3. Mortgage on MultexPF
Seller financing or no-doc?

You're house hunting and you've ruled out the hassle
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4. Investment Planning on MultexPF
Convert to a Roth IRA?

Roth IRAs have been called "Congress's gift to the
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not. Here's what you should know.
http://www.multexinvestor.com/Topic.asp?target=/personalfinance/investing/item&ForumID=20&DocID=6627&nd=0202

Fund watch
-----------------------------------------

MUTUAL FUNDS
Multex Investor's Select Mutual Funds for 2002
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in a haystack. We've simplified your search. If you
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Online advice and chats
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1. ASK THE ANALYST
PowerOptionsPlus.com's Victor Schiller explains how to
get great investment ideas from the pros.
Citing some of the sources and lists that he utilizes,
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HERE ARE MY ACCOMPLISMENTS FROM JUNE OF
2000.
          I HAVE TRACKED AT LEAST 40,000 DOCUMENTS IN THE TAGG DEAL CLEARING
DATABASE.     THIS INCLUDES GAS, POWER, AND SITARA DOCUMENTS.
                                                              I SEPERATE AND
DISTRIBUTE ALL INCOMING PAPER FROM OUR INCOMING PRINTER.                   I
HAVE FAXED OUT AT LEAST 5,000 LIQUIDS DOCUMENTS AND M-DEAL DOCUMENTS.
            I HAVE ENTERED AT LEAST 5,000 DOCUMENTS INTO THE LIVELINK
DATABASE.
                                   I HAVE ASSISSTED THE RESEARCH OF VARIOUS
LISTS OF GAS AND POWER DOCUMENTS IN ORDER TO UPDATE THE STATUS OF THESE
DOCUMENTS.
        I HAVE ALSO TRAINED FOUR EMPLOYEES IN THE VARIOUS DATABASES SUCH AS
TAGG, DECAF II, LIVELINK, ASCENT, AND ENCOPY, AND ALSO TRAINING OF USING OUR
FAX
MACHINES.


Viola.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 02:18
PM ---------------------------

	From:  Rebecca Walker                           12/11/2000 10:32 AM

To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Herman Manis/Corp/Enron@ENRON

Subject: ABB New Option Allocation

Here is the revised ABB spreadsheet showing the new option premium
allocations we discussed this morning.

Regards,
Rebecca
x57968


this is a funny video.  hopefully you can open it up.  i have some other good
stuff also.  are you going to go out tonight?  i think i am heading to
silantes.  send me some funny stuff and i will give you a call later.

 - FingerPig.avi


Hey there stranger!

Thanks for the pictures - they've definitely been the highlight of my day.
It's funny that you sent those now, because over the weekend Molly and I had
our big housewarming blowout party, and - speaking of strangers - Michael (of
sushi fame) and his friend came down from Seattle for it! Weird, huh. I don't
see or hear from the guy in half a year, and then in the same three days he
not only comes to my house but shows up in my e-mail.

I can't chat right now - things are just coming to a rolling boil here at
work. But I'll give you a call this evening. Are you packed for Spain yet?
Are you ready to leave the laid back island like to which you've grown
accustomed? Is everyone there still as crazy as when I left them? Write back,
or give me a call. I'd love to hear the update.

Take care,
Kate


FYI.
 Jim Derrick

-----Original Message-----
From: Derrick Jr., James <James.Derrick@ENRON.com>
To: Rieker, Paula <Paula.Rieker@ENRON.com>
Sent: Mon Nov 12 12:37:09 2001
Subject: Re: Floor Mtg

Paula, your group is still welcome to attend, but since you have already met with them, their attendance is certainly not required. Jim
 Jim Derrick


Daunte Culpepper
Stacey Mack
Duce Staley
Wayne Chrebet
Amani Toomer
Rod Smith
Balt K
KC Def


New Power (Kathleen quoted) is for small customers; BPA is bad; PG&E wants
$3billion
---------------------- Forwarded by Susan J Mara/SFO/EES on 10/09/2000 03:00
PM ---------------------------

US Publishing <season@restructuringtoday.com> on 10/06/2000 10:06:23 AM
Please respond to season@restructuringtoday.com
To: "RT Reader" <season@restructuringtoday.com>
cc:
Subject: Restructuring Today, Friday October 6, 2000

(see attached file:  rt001006.pdf)

Thank you,

Season Hawksley
US Publishing
1-800-486-8021
www.restructuringtoday.com
season@restructuringtoday.com

 - rt001006.pdf


Russell:
I think I should give you a little background on small ventures.  Bill
Perkins and I have a strong personal and professional relationship.  He is an
extremely creative individual.  Whalley actually commented on him today as
someone "who thinks outside the box".  Bill actually sat in a bar four years
and said the next tradeable market would be bandwidth.  He has been
successful in the gas business when he has had someone to filter his ideas.
As such he provides an informal consulting role to Enron.  He throws out
ideas and, every once in a while, he comes up with a great one.  He pointed
out an anomalous pricing occurence in the options market, a market I normally
don't follow closely, that I translated into a multimillion dollar trade for
Enron.  In return, I have agreed to have Enron intermediate his trades within
reason.  I want to emphasize that continuing this relationship should be
considered a high priority.  I am willing to accept some of the credit risk
exposure as a cost of doing business.  Bill understands his role as an
independent in the market and performs the right risk/reward trades for
someone with finite capital.  I place very high confidence in Bill not
conducting high risk trades.  Having said that, we certainly need to monitor
his credit exposure and continue to require LC's.  Just understand that he is
at a different level of sophistication that any other non-investment grade
counterparty.

I understand there was some concern in regards to the Transco Z6 spread
option he traded.  He was absolutely right about the valuation and we, on the
trading desk, knew it as well.  There are a couple isolated products that
Enron does not do a good job of valuing because of systems limtations.  This
was one product.  Our spread options are booked in Excel using option pricing
models created by the research group.  The problem with these models is that
they are strictly theoretical and don't take into account gas fundamental
price limitations.  For instance, it is less probable, though not impossible,
for a transport spread from a production area to a market area to go within
variable cost than the models predict.  Thus it is necessary to apply a
correlation skew curve on top of the overlying correlation used.  Obviously,
we have this function in our pricing models.  I was not aware this
methodology had not been transferred to the valuation models.  This has since
been changed.  Fortunately these incidents tend to be extremely rare as very
few non-investment grade companies trade these types of products.

Finally, on Friday Bill wanted to do a trade that reduced his exposure to
Enron.  I gave Mike Maggi the go ahead to do the trade without consulting
credit.  I do not believe that I acted out of line in approving this trade
considering the circumstances.  If you believe differently, please advise.
Thanks,
John


Beth

Please respond with a plan to solve these problems.

Thanks John
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/06/2000
07:42 PM ---------------------------

	From:  Kevin M Presto @ ECT                           07/05/2000 07:39 PM

To: John Lavorato
cc: David W Delainey/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Beth
Perlman/HOU/ECT@ECT

Subject: Power Port Calc Issues

Guys,
This Enpower calc issue is a joke.   How can we be the most Innovative
Company in the world and cannot fix a risk book calculation problem.
Furthermore, how can we effectively grow our volumes and complexity of our
power transactions when our back office (risk books, position management,
settlements) is so unreliable from an IT standpoint.

In addition, we will start losing all of our key people in this area because
they are here until 8:30-9:00 every night and 4:00 pm on "holidays".  This
whole issue is a significant business risk for Enron and needs to be dealt
with accordingly.

Please advise.  Thank you.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/05/2000
07:27 PM ---------------------------

	Enron North America Corp.

	From:  Kristin Albrecht                           07/05/2000 11:30 AM

To: Beth Perlman/HOU/ECT@ECT, Randy Matson/Corp/Enron@ENRON, Jarod
Jenson/HOU/ECT@ECT, Christine Nguyen/HOU/ECT@ECT, Zhiyong Wei/HOU/ECT@ECT,
Ravi Ramachandran/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Jenny
Latham/HOU/ECT@ECT, Jenny Rub/GPGFIN/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT
Subject: Power Port Calc Issues

The Power risk group continues to experience severe instability with the
power port calc.  The same memory allocation issue which I discussed in the
message below is not resolved (we have had this problem for about four months
now).  Due to business reasons, we calculated the east power books on Monday
(Enron holiday).  We received all of the required data to calc by 9:30 AM and
should have been completely done by 11:30.  However, the calc crashed six
times and finally completed on the seventh try.  We were able to leave by
4:00.  The point I am trying to make is that I feel that we are at such a
state that there is risk that we could not provide positions to the traders
by the start of the next business day.  This could have a financial impact on
our company.  Once again, I am urgently and desperately asking for resolution
of this problem.
Furthermore, it came to my attention on Friday that EES is now using EnPower
and the power port calc and they too are using the same server that we are.
I question this decision since we cannot seem to support the existing
business that is using that server.  Per discussion with Kevin Presto, the
agreement made regarding EES's use of EnPower was there would be no expense
or degradation to ENA's business process.  I think they need to move to
another server.
Please call to discuss when this will be resolved.  Thank You.
Kristin Albrecht
3-4763

---------------------- Forwarded by Kristin Albrecht/HOU/ECT on 07/05/2000
09:35 AM ---------------------------

	Enron North America Corp.

	From:  Kristin Albrecht                           05/15/2000 09:48 AM

To: Beth Perlman/HOU/ECT@ECT, Randy Matson/Corp/Enron@ENRON, Jarod
Jenson/HOU/ECT@ECT, Christine Nguyen/HOU/ECT@ECT, Zhiyong Wei/HOU/ECT@ECT,
Ravi Ramachandran/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Jenny
Latham/HOU/ECT@ECT
cc:
Subject: athena vs quark

With regards to the message below, we must have athena (server) to run our
nightly risk books for the power group.  We run one of our three east power
calcs on this machine (the second largest one).  Since an acceptable solution
for the big power calc has not been provided to us, athena CANNOT be taken
away from us.  The east power calc crashed 3 out of 5 days last week.  We
usually start calcing at about 4:00.  The calc time is now running at 1.5
hours and we have about 1.5 hours' worth of work after the calc's successful
completion.  So you do the math on what time my group leaves the building
when the calc crashes at 4:30.
Furthermore, the West power calc has crashed 3 out of 5 nights weekly for the
last 3 weeks.  This is not acceptable.
We are about to enter the busiest and most volatile time of the year and our
system is not stable.  I feel like we have been very patient at the expense
of many late nights.  I am going to speak to Kevin Presto and Tim Belden
today about these problems.
I think we need to meet immediately about this problem and I am exhausted
with the finger pointing between different IT groups.
Thanks.
Kristin Albrecht
---------------------- Forwarded by Kristin Albrecht/HOU/ECT on 05/15/2000
09:27 AM ---------------------------

Christine Nguyen
05/12/2000 01:01 PM
To: Ravi Ramachandran/HOU/ECT@ECT
cc: Randy Matson/Corp/Enron@ENRON
Subject: athena vs quark

Ravi,
       Please advise your users that athena will be completely unavailable
starting
Wednesday17May2000.  The production server is quark (12gb RAMx18procs).
quark is configured to our standard for your use.
Thanks,
-Christine


Neither ECT/ECM employees nor family members or others living in their
household or financially dependent on the ECT/ECM employee may purchase or
sell securities of any entity (or derivatives thereof) listed on the
Restricted List for your or their personal or related accounts or recommend
the purchase or sale of such securities to any person, except with the prior
approval of the Compliance Department in consultation with the ECT Legal
Department.

In addition to the trading restrictions above, should you at any time possess
non-public material information about any public company, you, your family
members and anybody that is financially dependent on you, are restricted from
trading in that issue, and you may not disclose the non-public material
information to anyone that does not have a business need to know.

Company Name Stock Symbol

Adrian Resources
Beau Canada Exploration Ltd BAU CN
Belco Oil & Gas Corporation BOG
Bonus Resource Services Corp BOU
Brigham Exploration BEXP
CanFibre Group Ltd. CFGL
Carrizo Oil & Gas Inc. CRZO
Costilla Energy COSE
Crown Energy CROE
Cypress Energy CYZ
Esenjay Exploration ESNJ
Hanover Compressor Co. HC
Highridge Exploration HRE
ICE Drilling Enterprises Inc. IDF
Industrial Holdings, Inc. IHII
Inland Resources, Inc. INLN
Kafus Environmental Industries, Inc. KS
Nakornthai Strip Mill Public Co Ltd NSM SET
Paladin Resources PLC PLR LD
Paradigm Geophysical PGEOF
Place Resources, Inc. PLG CN
Quanta Services Inc. PWR
Queen Sand Resources, Inc. QSRI
Quicksilver Resources Inc. KWK
Repap Enterprises, Inc. RPP & RPAPF
Repap New Brunswick, Inc.
Rhythms Netconnection Inc. RTHM
Saxon Petroleum, Inc. SXN CN
Sheridan Energy, Inc. SHDN
Steel Dynamics STLD
Startech SEH CN
Syntroleum Corp. SYNM
Tejon Ranch Corp. TRC
Titan Exploration TEXP
TransCoastal Marine Services, Inc. TCMS
Zargon Oil & Gas ZAR CN

The Restricted List is solely for the internal use of ECT/ECM.  No one may
engage in discussions regarding whether a security is or is not on the
Restricted List with persons outside ECT/ECM without specific clearance from
the Compliance Department in consultation with the ECT Legal Department.

In addition to the above, you are reminded that pursuant to Enron Corp.'s
Risk Management Policy ("Policy"), no ECT/ECM employee may engage in the
trading of any "Position"  ("Position" means any  commodity, financial
instrument, security, equity, financial asset or liability that are
authorized for trading in the Policy for the benefit of any party other than
ECT/ECM, whether for his/her own account or the account of any third party,
where such Position relates to (i) any commodity,  financial instrument,
security, equity, financial asset or liability which falls within such
employee's responsibility at ECT/ECM or (ii) any energy commodity.

The prohibitions listed above do not replace or modify the policies set forth
in ECT's Policies and Procedures Regarding Confidential Information and
Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s
Conduct of Business Affairs.  Should you have any questions regarding the
above, please contact me at ext. 31939.


Please distribute the recap of the meeting to your managers.
Thanks, hgm


Steve, would you take care of this please?

thanks
---------------------- Forwarded by Chris Germany/HOU/ECT on 08/21/2000 09:29
AM ---------------------------

Darla Saucier@ENRON
08/17/2000 01:42 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Oglethorpe 7/2000

Hi Chris,

I sent a manual invoice to Oglethorpe today for Doyle.  The deal (Jim Homco's
spreadsheet) ties to Unify for the demand charges and the commodity charge.
Can you enter a deal in Sitara for the cashout?  Please give me a call at
3-4561.

Thanks
Darla


I'd like to have a few people meet her, but am confident in Jennifer's
ability to evaluate analysts.

Jeff

	From:  Jana Giovannini                           10/11/2000 05:15 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Jennifer Fraser/HOU/ECT@ECT, Shelly Butler/HOU/ECT@ECT, Charlene
Jackson/Corp/Enron@ENRON, Shelly Jones/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT
Subject: Re: Sheila Chang

Jeff,
Please see the notes below regarding Sheila Chang who was a summer intern
brought in from the Rice Leadership Program.  Interns that came in through
this Rice program did not go through the normal campus interviews by the A/A
Program.  The A/A Program would recommend that Sheila go through a round of
Super Saturday interviews just like all other Analyst off-cycle candidates.
This would allow other top Enron people to review Sheila and evaluate her
skill level.

With that said, I believe that Jennifer thinks highly of this individual and
the A/A Program could forgo the interviews it you agree to take Sheila in
your group for the first rotation.  Please confirm that you would like Sheila
to be made an offer from the A/A Program and that you will accept her in one
of the EGM groups upon graduation.  Thanks so much and if you have any
questions, please let me know.

---------------------- Forwarded by Shelly Butler/HOU/ECT on 10/11/2000 03:46
PM ---------------------------
From: Jennifer Fraser on 10/11/2000 01:18 PM
To: Shelly Butler/HOU/ECT@ECT
cc: Ted C Bland/HOU/ECT@ECT
Subject: Re: Sheila Chang

Shelly and Shelly:
I believe that Sheila should receive an offer now. She was one of the most
exceptional summer analysts. Based on this, I think she should get an offer
just any other top intern would have received one.
Thanks
Jen

	From:  Shelly Butler                           10/11/2000 01:14 PM

To: Shelly Jones/HOU/ECT@ECT
cc: Jennifer Fraser/HOU/ECT@ECT
Subject: Sheila Chang

Shelly,

Below is the information on Sheila as was described in my email this
morning.  I understand she will have to go through the Super Saturday process
just as any other Analyst would.  Will you please advise Jennifer on the
process and when Sheila will be participating?  Thanks so much for assisting
Jennifer in this effort.

Jennifer,

Shelly Jones is the Recruiting Manager for the Analyst Program and is
managing the current Super Saturday process.  She can provide more
information on hiring processes.

Thank you,
Shelly
---------------------- Forwarded by Shelly Butler/HOU/ECT on 10/11/2000 01:14
PM ---------------------------

	From:  Jennifer Fraser                           10/11/2000 12:30 PM

To: Shelly Butler/HOU/ECT@ECT
cc: Ted C Bland/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT, Jeffrey A
Shankman/HOU/ECT@ECT
Subject: Sheila Chang

Shelly:
 Per our conversation this morning, I have attached Sheila Chang's resume.
Sheila was a summer analysts in the Middle Marketing group. She was part of
the Rice Leadership Program. I have served as Sheila's mentor in this
program, which seeks to provide business internships for non-business majors.
I believe that programs such as this and their candidates are essential to
Enron as they provide a pool of academically diverse, bright individuals who
can think outside the box.

Sheila managed our EnronOnline Top 200 Natural Gas Users Project. She was
instrumental in ensuring the success of this project. By the time Sheila
left, we had signed up over 70% of the top US industrial natural gas
consumers. Sheila is an exceptionally quick study, as evidenced by her rapid
grasp of key derivative concepts and structures. Every week Sheila priced the
swaps and options for our customer newsletters. She also priced and helped
develop several customized structures for our clients. Finally, Sheila
demonstrated and exceptional work ethic that combined with all her other
attributes places her among the top summer analysts at Enron. I believe
Sheila should receive a full-time job offer from the program. She graduates
in May 2001. I am also prepared to offer Sheila a rotation in my group in
Global Markets upon her graduation.

If you need any further information, please let me know.

Thank you for your assistance with this matter.

Jen Fraser


Terry Kowalke will be the oncall person this weekend October 20-21.

John Buchanan


Please let me know if a representative from the Risk Management group will be able to meet with the development team today from 10 to 11am in ECS 05055.  Below is a description of the meeting contained in the invite.

Invite Note:  We are beginning the development stage of our Consolidated Gas System - Reporting project and we need to get more detailed information about the location of data that is being pulled in WeaponX presently.  The majority of the reports we have been able to locate in ERMS but there are a couple where the data has not been found.  We need to map the present location of the data to ensure all information will be in the new system.  We would also like to go through a calc (step-by-step) to ensure all necessary pieces will be included in the new system.

We are requesting one representative from Risk Management be present to answer a few questions.  A data architect and a developer will be present to ask necessary questions to get off to a good start.  Please let me know who will be available from the Risk side.

Thank you.

Monica Clay
Enron Net Works, LLC
1400 Smith Street
Houston, Texas 77002
713-345-7227
1-800-97-ENRON


I agree that the Contingency Plan will need to be updated if this change
control is approved.

                    "Teel, Jennifer"
                    <Jennifer.Teel@EC-        To:     set@ercot.com
                    Power.com>                cc:     "Shelly McKain (E-mail)"
                                              <slmckain@aep.com>, "Mark Boyd (E-mail)"
                    01/08/02 09:35 AM         <mkboyd@aep.com>, "'careed@aep.com'"
                                              <careed@aep.com>, "Schrab, Heidi"
                                              <Heidi.Schrab@greenmountain.com>
                                              Subject:     RE: 824 Readiness Survey

I have a clarification question.

As I understand this question relates to change control #2001-232 which is
to have all 824's for 867's go point-to-point instead of thru ERCOT.  The
notes say that it is hoped that this process will be implemented by
mid-January.

In some of the last notes I saw from the RMS 867 Contigency Plan - the plan
referenced that 824's for 867 rejects would go to ERCOT but 824's for
duplicates would not.

It seems the two are in conflict.  When the change control gets implemented
- is the plan to update the 867 Contigency plan so that no 824's will go to
ERCOT.

In developing our systems we are trying to determine if all 824's will be
point-to-point in the future.

Thanks for any clarification.

Jennifer
     -----Original Message-----
     From: careed@aep.com [mailto:careed@aep.com]
     Sent: Tuesday, January 08, 2002 8:28 AM
     To: Schrab, Heidi
     Cc: set@ercot.com
     Subject: Re: 824 Readiness Survey

     So far, we have only heard from ESG and Reliant regarding their
     readiness.

     Cary Reed
     Sr Business Standards Consultant
     918 594 4026 audinet 700-4026

   "Schrab, Heidi"
   <Heidi.Schrab@greenmountain.com>                   To:
                                              <set@ercot.com>
                                                      cc:
   01/03/02 09:33 PM                                  Subject:        824
                                              Readiness Survey

     Please respond to Cary (careed@aep.com) and me, the results will be
     announced on the change control call next week.
     Thanks - Heidi

     TDSPs:  when will you be able to receive 824s direct from the CRs?

     CRs:  when will you be able to send 824s direct to the TDSPs?


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>  A woman and a man are involved in a car
>  accident; it's a bad one.
>  Both of their cars are totally demolished but amazingly
>  neither of them are hurt.
>  After they crawl out of their cars, the woman says, "So
>  you're a man; that's interesting.  I'm a woman.
>  Wow, just look at our cars!  There's nothing left, but
>  fortunately we are unhurt.  This must be a sign from God
>  that we should meet and be friends
>  and live together in peace for the rest of our
>  days."
>
>  Flattered, the man replied, "Oh yes, I agree
>  with you completely!
>  This must be a sign from God!"
> The woman continued, "And
>  look at this, here's another
>  miracle.  My car is completely demolished but
>  this bottle of wine didn't break.
>  Surely God wants us to drink this wine and
>  celebrate our good fortune."
>
>  Then she hands the bottle to the man.  The man
>  nods his head in agreement, opens
>  it and drinks half the bottle and then hands it
>  back to the woman. The woman
>  takes the bottle, immediately puts the cap back
>  on, and hands it back to the man.
>
>  The man asks, "Aren't you having any?"  The
>  woman replies, "No.  I  think  I'll
>  just wait for the police..."
>
>  Moral of the story:
>  Women are clever bitches.  Don't mess with
>  them.
>
>


pls print TW and NN docs only--not Border.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/30/2000
05:38 PM ---------------------------

Julia White
03/30/2000 10:22 AM
To: Mike McGowan/ET&S/Enron@ENRON, Sarabeth Smith/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, John
Dushinske/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, TK Lohman/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON, Michel Nelson/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON
cc: Tammy Jaquet/ET&S/Enron@ENRON, Sheila Nacey/ET&S/Enron@ENRON, Kristen
Hand/ET&S/Enron@ENRON, Ricki Winters/ET&S/Enron@Enron, Bill
Cordes/ET&S/Enron@ENRON

Subject: Mastio Survey

Attached below are the Mastio Survey presentations for TW, NNG and NBPL which
are to be reviewed with Stan and his direct reports on March 30. I want to
thank everyone for their time and effort in reviewing the findings and
recommendations for the Action Plans for each pipeline. The next steps will
be to make sure we focus on addressing the areas stated in the Actions Plans.

I also want to take the time to thank Tammy Lee-Jaquet for all her efforts in
pulling this information together for TW & NNG. In addition, Kirsten Hand was
instrumental in analyzing our information.  We could not have done this
project without them. GREAT JOB!!

This is only the first phase of this project which means we now have the task
to ensure we address the areas of the Action Plans. More to come!!

Thanks again everyone. Julia

---------------------- Forwarded by Scott Coburn/NPNG/Enron on 03/30/2000
08:32 AM ---------------------------

03/30/2000 08:59 AM
Scott Coburn

To: rneppl@enron.com, bobhall01@sprynet.com, Bill Cordes/ET&S/Enron@ENRON,
Rockford Meyer/FGT/Enron@ENRON, Donna Scott/FGT/Enron@ENRON, Larry
DeRoin/NPNG/Enron@ENRON
cc:

Subject: Re: Mastio Survey

Attached is Northern Border's Mastio presentation.

sc

	From:  Ricki Winters                           03/29/2000 07:02 PM

To: rneppl@enron.com, Scott Coburn/NPNG/Enron@ENRON, bobhall01@sprynet.com,
Bill Cordes/ET&S/Enron@ENRON, Rockford Meyer/FGT/Enron@ENRON, Donna
Scott/FGT/Enron@ENRON
cc: Virginia O'Neill/ET&S/Enron@Enron, Lynn Blair/ET&S/Enron@ENRON, Rick
Dietz, Steven January/ET&S/Enron@ENRON, Julia White, Tammy
Jaquet/ET&S/Enron@ENRON

Subject: Mastio Survey

This is the latest version of the Mastio Presentation covering TW and NNG for
the meeting tomorrow (3/30) for Stan and his Direct Reports.

Thank you,
Ricki


Thanks for letting me know.  I am sure that you have communicated with the
Portland risk group regarding this slip up.  What assurances have you gotten
from them about their diligence in the future in officializing books?  Do you
think that everyone there is on board and aware of how important this is?
--Sally

	From:  Stacey W White                           12/22/2000 09:14 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Book not Officialized in West

I just wanted to let you know that the West Risk Management group did not
officialize one of their calculations last night.  I have had calls from
Credit & VAR.  The Interest Rate group was not affected because their new
system caught the error and the were able to use yesterday's cash flows.  I
officialized the book this morning and everyone is rerunning their
applications.  I'll let you know if there is any other fall out.

Stacey


The list of proposed Netco employees that Amy Fitzpatrick provided to me at your request included tabs for Weather and Crude.  Do you contemplate that Netco would trade those commodities/products?  Bob Hall's team that he has assembled for Netco does not include anyone with either Weather or Crude operations experience.

We retained two top-notch operations individuals - Todd Hall and Kevin Sweeney - who at this time are not on the list for Netco.  Both have extensive risk management experience and both have also managed all aspects of trading operations - documentation, risk books and settlements.  Todd and Kevin each are good managers and they are working managers who know how to execute the details.

Todd has most recently been in charge of all aspects of operations for Weather.  Prior to has role in EGM, Todd created the MPR and supported all daily activities around valuing the assets in that portfolio.  He also has had extensive experience in gas risk management.

Sweeney's most recent assignment has been to manage operations for EIM.  The bulk of his Enron experience has been in crude and crude products.  He was part of the original team that opened the Singapore trading office and has experience in the UK as well.

If you anticipate dealing in commodities outside gas and power, Todd and Kevin would both be great players to have on the Netco team.

Let's discuss.  --Sally


Attached is our blackline of your NDA.  You may contact me with comments.
Thanks.  Sara

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 was my understanding that they would not be able to opt out of trading
under the ISDA, since this contract has not been terminated.  However, if
this is not the case and the trades that we are currently entering into are
not being confirmed under the ISDA, I think that we should get together as
soon as possible.  We do a significant volume of trades each day with this
counterparty both OTC and EOL.

Lets discuss.

Ed Sacks

 -----Original Message-----
From:  Sayre, Frank
Sent: Wednesday, March 07, 2001 9:05 AM
To: Sacks, Edward
Cc: Sara Shackleton@ECT
Subject: Mirant
Importance: High

Ed - After we hung up, I though a bit more about trading with Mirant.  In
light of the letter sent by Mirant on February 26 that stated ". . . no
further transactions will be enter into under the agreement", we need to call
Mirant prior to completing the trade.  I will try on this end, but you should
also try.  The contact is Nicole Russell (678) 579-7489.


Let me review where we stand for the April 10-11 meeting.
1.  I have spoken with Gavyn and asked him to add to his usual review
comments on the significance of recent developments for Enron.
2.  I have asked Bill Kristol to do the same.
3.  I have asked Paul Portney to review "the lay of the land" in the
environmental policy area.
4.  Since we couldn't locate a speaker to address the question of how Enron,
now larger and more corporate than in the past, can continue to attract the
best, the brightest (and the oddest?), I have asked Pankaj to give a brief
talk about what the literature generated by his colleagues has to tell us on
this subject.
5.  I couldn't get anyone on the "monopoly-too-big-and-powerful" question,
although I am still trying.
I assume you folks will brief us on California and the national energy supply
picture. Have we heard from the author of "When Genius Fails"?


Attached is the Bridgeline DPR for April 30.  Please contact me if you have any questions.

Thank you,
Susan Trevino
x3-1462


Here's where I'll be tomorrow.
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/08/2001 04:53
PM ---------------------------

	From:  Kathleen Carnahan                           02/08/2001 03:58 PM

To: Kay Mann/Corp/Enron@Enron, Roger Balog/HOU/ECT@ECT
cc:

Subject: OFF SITE MEETING - ALL DETAILS

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 02/08/2001
03:57 PM ---------------------------

	Lorie Leigh @ ECT
	02/07/2001 12:31 PM

To: Scott Churbock/NA/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Mathew Gimble/HOU/ECT@ECT, Chris
Booth/NA/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON,
Raimund Grube/Corp/Enron@ENRON, John Moore/Corp/Enron@Enron, Fred
Mitro/HOU/ECT@ECT, Steve Krimsky/Corp/Enron@Enron, Greg
Krause/Corp/Enron@Enron
cc:

Subject: OFF SITE MEETING - ALL DETAILS

The mandatory off-site meeting info:

Day:  Friday, February 9th
Time:   9AM - 1PM
Place:  Hyatt Downtown Regency
Room:  WindowBox
Purpose:  Topic of the meeting is to present our budget for the year, and
discuss our overall strategy.
Food:  A breakfast starter tray and lunch & drink assortment will be provided.

If anyone has any questions please contact me at x31696
Lorie Leigh


I think this is a fine attempt, but I continue to believe that a pure
relative ranking offers the most flexibility and is more like the way the
process works in practice.  A separate list of desired behaviors, criteria
etc can be used to guide discussion but I believe the ranking itself should
remain purely relative.

Gina Corteselli
09/14/2000 06:04 PM
To: Cindy Olson/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron
cc: Michelle Cash/HOU/ECT@ECT

Subject: PRC cluster descriptors - draft

All;

Aattached are a draft of the PRC cluster descriptors which we discussed
several weeks back.  I has sent a first draft to Michelle and Dick, and both
had some suggestions which I have tried to incorporate.  I am still awaiting
Dick and Michelle's impressions of the below, but also  look forward to your
impressions and input. Likewise I would appreciate your input on whether or
not we need to change the ratings on the feedback forms to numerical ratings
1-5 to mimic the clusters.  look forward to hearing from you,  Many thanks,
Gina
---------------------- Forwarded by Gina Corteselli/Corp/Enron on 09/14/2000
05:54 PM ---------------------------

Gina Corteselli
09/14/2000 05:03 PM
To: dick@jeannerett.com
cc: Michelle Cash/HOU/ECT@ECT

Subject: descriptors again

Dick; here is another try at the descriptors.  I tried to apply the
information you provided and to describe qualities of an employee's
performance . I'm  not sure whether this is any better, but would appreciate
your input.  What I am finding most challenging writing descriptors which are
interchangeable with all levels and job groups within the company.  The
behaviors these describe and measure need to be general in nature so that
they can apply to a VP and an admin assistant, as well as to all four Peer
Groups within Enron.

Likewise, I would appreciate your thoughts on the necessity/value of changing
the feedback forms to reflect the same numerical ratings.  presently the
feedback forms use the same descriptors as the cluster (i.e. Superior -
Issues).  In your opinion should these also be 1-5 ratings with one = to
highest and 5= to lowest in scale?
I look forward to hearing your thoughts and impressions.  You may either
e-mail me or call me on 713 345-3377.  Many thanks in advance, Gina
******************************************************************************
****************************************
1 = Relative to his/her peers, this employee is a visionary who identifies
new ideas and methods, inspires and motivates others by example, embodies
Enron's vision and values, and demonstrates a mastery of the business and
technical skills necessary to excel in his/her position.

2 = Relative to his/her peers this employee drives change, demonstrates
vision and values, displays resourcefulness when faced with unexpected
challenges, and comprehends and effectively uses the business and technical
skills required to perform his/her job.

3 = Relative to his/her peers this employee supports innovation and
improvement, understands Enron's vision and values, and continues to develop
the core skills and business/technical skills necessary to satisfy the
requirements of his/her position.

4 = Relative to his/her peers this employee accepts change, demonstrates some
independent thinking and can apply resources and business and technical
skills to adequately perform his/her job.

5 = Relative to his/her peers this employee has difficulty accepting change,
lacks resourcefulness, offers minimal contribution and  does not demonstrate
the skills or knowledge to fulfill the responsibilities of the position  This
employee must make changes or termination is likely.


Mr. Nemec,

Before I sign the confidentiality agreement, I would like to make sure that
in the event of my death, illness, etc., that this agreement would terminate,
in order that this agreement did not fall into my estate or over to my family
members.

Please let me know if this application could be incorporated into my
agreement.

Thank you,

Suzanne M. Badeaux
 - att1.htm


John:
Please call Lavorato's secretary, Kim, and schedule a time to talk with John
ASAP.
Thanks,
John


Last Thursday, I made the first attached presentation to the FERC Staff at the
power marketer's meeting on the FERC's investigation of the wholesale market
in
the West (and in particular California).  Ellen Wolf (of Tabors Caramanis)
and I
created this presentation building on previous presentations by Tim Belden and
Dave Parquet.  In the presentation and the meeting we made the following
points:
   There isn't much FERC can do because the cause of the price spikes is not
in
   the wholesale market.  We discouraged FERC from taking any action that
would
   hurt the vibrant wholesale market in the California and the rest of the
West
   as well.
   High prices logically resulted from scarcity and if the Commission does
   anything it should (1) investigate whether market power was being exercised
   by any party and, (2) if necessary to protect the market (while still
   incenting needed generation) establish a price cap at a scarcity rent level
   equal to the price at which loads were willing to interrupt.
   The IOUs have not properly prepared for the risk of high prices caused by
   scarcity.  They have failed to hedge and have underscheduled their load,
   therefore having to fill a large percentage of their load at ISO real time
   prices.  My analogy was that this was like day trading your retirement fund
   as an asset allocation scheme.
   The market would function better if more information was provided to the
   market.
   The Commission should do whatever it can to incent participation by load.
To see the presentation, detach, save, and view in Powerpoint.  When you do,
you
will find there are many "hidden" slides that were not part of the oral
presentation but were provided to Staff in hard copy for additional
information.

According to the head of the investigation (Scott Miller), the staff got alot
more out of this meeting than Staff's previous meetings with the IOUs and the
generators.  Based on the numerous phone calls I've been getting, the Staff is
looking into the data we provided.

I have also attached a revised version of the presentation that Tim sent to
Scott Miller on Friday.  Tim's version conveys the same message but takes a
different approach to conveying the message.  On Friday, Tim talked to Scott
and
answered some additional questions.  Tim said that Enron is in favor of
eliminating the mandatory PX buying requirement and would like the IOUs to be
able to buy from Enron Online.  He also explained more fully the existence of
scarcity .
 (See attached file: August 24 presentation to FERC1.ppt)(See attached file:
FERC Presentation.ppt)

 - August 24 presentation to FERC1.ppt
 - FERC Presentation.ppt


We want the letter on Doyle and New Albany ASAP.  Is there any reason we
would not do the joint defense agreement.

Mark

	"Al Kimball" <akimball@bracepatt.com>
	10/27/2000 02:08 PM

		 To: <dan.lyons@enron.com>, <mark.e.haedicke@enron.com>
		 cc: "W. Cleland Dade" <cdade@bracepatt.com>
		 Subject: Fwd: Joint Defense Agreement

Received this just now - will not reply until we have your thoughts.  Cle
Dade  had a thought about mentioning the existing New Albany - Doyle units in
our reply letter as well.  We are available at your convenience to discuss
the New Albany - Doyle turbine situation vis-a-vis Power Systems - Al

----- Message from "B. Trent Webb" <BWEBB@shb.com> on Fri, 27 Oct 2000
12:25:53 -0500 -----
To:	akimball@bracepatt.com
cc:	tchurbuck@powermfg.com
Subject:	Joint Defense Agreement
Al,

Our non-infringement opinion letters on the redesigned components have been
ready now for over one week.  I understood your client was anxious to receive
them, so we worked very hard to complete them as quickly as we could.

Please forward to me the executed Joint Defense Agreement so that I can
forward our non-infringement letters.

Let me know if you have any questions.

Trent

"WorldSecure Server <shb.com>" made the following
 annotations on 10/27/00 12:24:50
------------------------------------------------------------------------------

From the law offices of Shook,Hardy, Bacon LLP.

CONFIDENTIALITY NOTICE: This e-mail message including attachments, if any, is
intended only for the person or entity to which it is addressed and may
contain confidential and/or privileged material. Any unauthorized review,
use, disclosure or distribution is prohibited.  If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all copies
of the original message.  If you are the intended recipient but do not wish
to receive communications through this medium, please so advise the sender
immediately.

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


Thanks for hanging in there and getting it done.

How come you didn't tell me that you didn't get Ben's initials?  I never
expect to have to follow up with you to see if you did what we discussed.  I
just always assume that you've taken care of it, unless you tell me
otherwise.  I don't want to change my expectations.  Deal?

Kay

	From:  Kathleen Carnahan                           01/13/2001 12:05 PM

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

Subject: Mission Complete

Just wanted you to know the docs went out Friday night.  I guess you figured
out from Janet's comment that I did not get Ben's initials on the documents.
She wasn't upset about it though.  Anyway, just wanted to acknowledge my
mistake.

See you and have a good weekend.  I had to come in today to get some stuff to
work on for Stuart.  I think I will go by Hebert's on the way home!

K-


BEER!

Would it focus if the lense cap were on? When i was focusing they looked like they should have turned out nice. Weird. I quess thats why we need to take pics with two cameras.
-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Tuesday, November 06, 2001 3:11 PM
To: Parks, Joe
Subject: RE: scan

Well sure Joe?all the pictures before AND after your efforts were just perfect?.still trying to figure it out. Hand over the lens is the only thing I could come up with, because the settings never change (being that it is an auto focus unit) unless you force them. Weird?

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Tuesday, November 06, 2001 3:07 PM
To: Brian Constantine
Subject: RE: scan

does your camera work?
-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Tuesday, November 06, 2001 3:06 PM
To: Parks, Joe
Subject: RE: scan
RRRIIIIIGGGGGHHHHHTTTTT

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Tuesday, November 06, 2001 3:04 PM
To: Brian Constantine
Subject: RE: scan

ok, whose the worst photograper you know
-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Tuesday, November 06, 2001 3:00 PM
To: Parks, Joe
Subject: RE: scan
Actually Joe?the last 2 pictures that you took (incidentally, the only 2 pictures you took) were BLANK!!! Don't ask me why, but they were not exposed at all!!! So, I took one of Erik's shots, scanned it and blocked it. Worked out pretty well, I think.

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Tuesday, November 06, 2001 2:56 PM
To: Brian Constantine
Subject: RE: scan

whose the best photographer
-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Tuesday, November 06, 2001 2:53 PM
To: Fenner, Chet; c.r.zander@att.net; knipe3@msn.com; cmccomb@austin-mccomb.com; Parks, Joe; kmccomb@austin-mccomb.com
Subject: RE: scan
I finally found the damn trigger?or at least figured out what it was for!!!

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Tuesday, November 06, 2001 2:52 PM
To: Brian Constantine; c.r.zander@att.net; knipe3@msn.com; cmccomb@austin-mccomb.com; Joe.Parks@enron.com; kmccomb@austin-mccomb.com; Fenner, Chet
Subject: RE: scan

Yeah, but who shot it?  Surely it wasn't BRIAN!
-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Tuesday, November 06, 2001 2:49 PM
To: c.r.zander@att.net; knipe3@msn.com; cmccomb@austin-mccomb.com; Joe.Parks@enron.com; kmccomb@austin-mccomb.com; Chet_Fenner@bmc.com
Subject: FW: scan
The "PROTOTYPE" Schlocho
136 # Field dressed
16" wide
20 inch main beams
4 inch brows
9 inch G2's
6.25 " G3's
4 " bases
Scored exactly 120 after deductions of only .75 inch
I'll take that MGMT buck any day!!!
-----Original Message-----
From: Paola Sansores
Sent: Tuesday, November 06, 2001 2:35 PM
To: Brian Constantine
Subject: scan
<<brian.jpg>>

**********************************************************************
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.
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when do we need to get tickets?  here is a list of people who want to go:
tim
bryan
eric
shana
lisa
susan


Hey what time were you meeting us up at Jock's and Jill's tomorrow?  Your
brother said you won't be in till around 3 p.m.  You need to get there
earlier than that if I am going to buy you a beer.
PL


---------------------- Forwarded by Susan J Mara/SFO/EES on 09/26/2000 11:20
AM ---------------------------

MBD <MDay@GMSSR.com> on 09/26/2000 12:14:23 PM
To: "'Susan J Mara'" <smara@enron.com>
cc:
Subject: RE: FW: Urgent/Confidential to ALL ON 'BLIND' LIST: Speaker(s) Ne
ede d to brief Governor's Office

Now that I know that Anthony and George Cluff are organizing the event, I
would stay far, far away.  Maybe it would be good for them to talk to Gray
Davis, just to clear up this energy thing for him.

-----Original Message-----
From: Susan J Mara [mailto:smara@enron.com]
Sent: Tuesday, September 26, 2000 9:16 AM
To: MBD
Cc: 'Jeff Dasovich Enron SF'; Mona L Petrochko; Sandra McCubbin
Subject: Re: FW: Urgent/Confidential to ALL ON 'BLIND' LIST: Speaker(s)
Neede d to brief Governor's Office

I certainly don't see why this is confidential.  Distribution wheeling has
been
"my baby" at Enron for years but I don't see Anthony Mazy contributing
anything
to the effort.  We don't need a big conference, or 150 people, or the
Governor.
We just need the CPUC and the FERC to say "Stop the Madness and Open the
System." So, I won't be participating.  Thanks for asking.

MBD <MDay@GMSSR.com> on 09/25/2000 05:43:49 PM

 To:      "'Jeff Dasovich  Enron SF'"
          <jdasovic@ees.enron.com>, Mona L
          Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES,
          Sandra McCubbin/SFO/EES@EES

 cc:

 Subject: FW: Urgent/Confidential to ALL ON 'BLIND' LIST:
          Speaker(s) Neede    d to brief Governor's Office

Here is something you don't see every day.  An invitation to talk to Gray
Davis (maybe) about distribution wheeling.  Has Enron got a candidate to
offer?   I would act quickly.  Mike Day

-----Original Message-----
From: Mazy, Anthony [mailto:am1@cpuc.ca.gov]
Sent: Friday, September 22, 2000 9:01 PM
Subject: Urgent/Confidential to ALL ON 'BLIND' LIST: Speaker(s) Needed to
brief Governor's Office
Importance: High
Sensitivity: Confidential

To all persons BCC'd:

There is an urgent need to identify at least one, and possibly two, persons
to sit on a discussion panel to discuss Distribution Wheeling* at a
conference October 21-22, at UC Berkeley.  The conference/symposium will be
limited to approximately 150 persons, to allow close and interactive Q&A
between panelists and the key audience of California's executive,
legislative, and regulatory officers, and their key staff.  We have been
told that Governor Davis himself is expected to participate.

Please respond ASAP, nominating one individual per message (suitable for
public viewing), identifying the individual together with that person's
relevant interests and affiliations.  Add approximately 1/4- to 1/2 page of
details of the person's issue, point-of-view, or proposal, together with
their relevant qualifications to address such.

If there are any questions, please call me at my office number and leave a
message or reply to this e-mail.  Due to the urgency of this need, and the
short turn-around requested, you are welcomed to call me at home,
925-855-0554, from 7:00 AM to 9:00 PM Sat-Sun, or 5:30 to 7:30 AM Mon-Fri,
Pacific time.

*Distribution Wheeling is the practice of relieving certain local,
distribution-level energy transactions from some or all of the regulations,
including tariff responsibilities, pertaining to interstate transmission
transactions.  This issue has been addressed at some length in the CPUC
proceeding R.99-10-025.

For quick reference, a copy of ORA's testimony in that proceeding (which,
admittedly, does not equally cover all possible interpretations of DW) is
provided for your convenience.

Anthony Mazy, P.E.
Utilities Engineer
Office of Ratepayer Advocates
CALIFORNIA PUBLIC UTILITIES COMMISSION
San Francisco

V: (415) 703-3036               FAX: (415) 703-1981

<<Mazy, Anthony.vcf>> <<ORA DG OIR Apr12 rev2 Ch2 only for
distribution.doc>>


Vince:
I think full time employment starting in about six months seems to be the
best option.  It is probably best to get my dissertation wrapped up before
taking on additional commitments.

Regards
Zeigham

-----Original Message-----
From: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>
To: zkhokher@mail.utexas.edu <zkhokher@mail.utexas.edu>
Cc: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>;
Stinson.Gibner@enron.com <Stinson.Gibner@enron.com>
Date: Tuesday, April 11, 2000 10:25 AM
Subject: Re: Hi

Zeigham,

We discussed two options (not necessarily mutually exclusive):

1. summer internship
2. full employment.

Are you interested exclusively in full employment?

I need the answer ASAP, as we are going to discuss the additional summer
intern positions this afternoon.

Vince

zkhokher@mail.utexas.edu on 04/11/2000 01:06:14 PM

To:   <vkamins@enron.com>
cc:
Subject:  Hi

Vince:
It was very nice talking to you at  the Texas Finance Festival and I think
the telecom market that Enron is entering  is very interesting and very
lucrative. I would be very interested in  working in that segment for
Enron.

However, I talked to Sheridan about  this oppurtunity and he said that it
is probably going to be another six months  before I finish my
dissertation. So while I am definitely interested, the  start date will
probably have to be around that time.

At any rate, it was a pleasure meeting you again  and hopefully once I have
defended my dissertation we can discuss  employment oppurtunities in
greater detail.

Regards
Zeigham
zkhokher@mail.utexas.edu
512-471-1676


Attached please find the subject agreement for your review.   Please note
that certain blanks need to be completed regarding the Customer's status.  If
you have any questions, please do not hesitate to call me at (713)853-6895.


It is my pleasure to announce Scott and Barbara Pleus as the proud parents of
a new baby girl, Catherine "Cati" Elizabeth, born Saturday, April 29, 2000,
at 8:25pm.  Cati weighed in at a bouncing 6 lbs. and 4 ounces and stretched
out to 20 inches in length!

Due to the new arrival, Scott Pleus will be out of the office all of this
week.  If there are any meetings or appointments that needs Scott's immediate
attention, please contact me at (713) 853-3540.   In addition, Scott will be
checking into the office regularly, and can be reached at home during day
hours.

Again, please join me in saying "Congratulations!" to the Pleus family on
their new arrival.

Thank you,

Inga Latson

Scott Pleus
Office#  (713) 853-6577
Home# (281) 261-0499
Pager# (713) 761-4808
Cellular# (281) 300-8286


That's a good one.


Vince & Vasant,

 Jeff Skilling has said that Enron would not make any endorsements of
third-party services, so please disregard my previous e-mail regarding AER
press releases.

Joe


Hi Steve:

Listed below is the information you will need.  If I have left out anything,
please let me know.

******************************************************************************
**********
Friday, August 18th

2:00 - 4:00 PM  Arrival in Denver (two separate flights)
   Can you arrange for shuttle to pick up?

6:30 - 8:00 PM  Dinner at the lodge

Saturday, August 19th

We will need a conference room that will hold 12-15 people.
from 8:00 AM until 4:00 PM.

8:00 AM   Breakfast buffet set up in meeting room
10:00 AM  Break - bring in fresh coffee and water
11:30 - 1:00 PM  Lunch (lunch buffet in meeting room?)
1:00  PM  Meeting resumes
2:30 PM   Break - bring in coffee, juice, cokes and water
4:00 PM   Meeting ends.

We will need an overhead projector and an LCD Projector.

We will have dinner somewhere in the village on Saturday night,
any suggestions?

Sunday, August 20th

8:00 - 11:00   Check out and return to Denver for flight to Houston
   Can you arrange shuttle to Denver?

******************************************************************************
***********

Steve:  Some of the guys may bring their family (will share the same room)
and stay a couple of days after the meeting ends.  Is there a problem with
them staying on at the lodge?  If not, please let me know how soon you
need to know how long they plan on staying.

This is all I can think of right now.  If anything else comes up I will let
you
know.

Thanks and have a great day!

Shirley Crenshaw
713/853-5290
email:  Shirley.Crenshaw@enron.com

"Steve Collins" <scollins@vailresorts.com> on 06/27/2000 02:58:37 PM
To: <Shirley.Crenshaw@enron.com>
cc:
Subject: Re: Enron Offsite

Rates are a LITTLE higher in August than they are in April (August is high
season for summer), but I can do those rooms at $125 (your April rate was
$105).

What kind of meeting space will you need?  If you can get me a tentative
agenda, I will get the contract drawn up right away.

Thanks again!

Steve

>>> <Shirley.Crenshaw@enron.com> 06/27/00 01:28PM >>>

Let's do it!  August 18 - 20 is our first choice!

Please send me all the information and then we will discuss the
particulars.

I will get Vince to sign it immediately.

Thanks Steve!

Shirley

"Steve Collins" <scollins@vailresorts.com> on 06/27/2000 02:22:27 PM

To:   <Shirley.Crenshaw@enron.com>
cc:   <Vince.J.Kaminski@enron.com>
Subject:  Re: Enron Offsite

Hello again!

I PROMISE I am not running!  The deal that we worked out with the General
Manager (Tom Pratt) is that Enron has a $6000 credit with the Great Divide
Lodge that will expire on 8/1/00.  You can either use that credit for
individual rooms PRIOR to 8/1/00, or we have agreed that we can apply that
amount to a meeting prior to the Thanksgiving holiday in 2000 IF the
contract is SIGNED before 8/1/00.

At this point, August 18-20 is available, but the 25-28 is not.  If we can
get this signed prior to 7/31/00, your $6000 credit would be able to be
applied to this event.

Please let me know if this will work for you.  Thanks!

Steve

Steve Collins
National Sales Manager
The Village at Breckenridge/Great Divide Lodge
(800) 332-0424 or (970)453-3156 direct
scollins@vailresorts.com

>>> "Shirley Crenshaw" <Shirley.Crenshaw@enron.com> 06/27/00 01:06PM >>>

Hello Steve:

Please don't run!  I know after the last fiasco with an Enron offsite you
are
probably running for the hills!

I do want to apologize to you and thank you for all of your assistance even
though we were unable to make the trip.

However, I understand there has been an arrangement made with Enron,
that if we book a time and come before Thanksgiving we can recoup the money
that we forfeited?  Please let me know if I am understanding this
correctly.

If so, we have been told that our group can use this for an offsite.

We are looking at the weekends of August 18, 19 and 20 or August  25,
26 and 27th.  There will be approximately 12 people.

Please let me know your understanding of the arrangement and the
availability of the dates mentioned.

Look forward to hearing from you.

Regards,

Shirley Crenshaw
Administrative Coordinator
Enron Corp. Research
Telephone:  713/853-5290
email:  Shirley.Crenshaw@enron.com


Folks,
Sounds like some of you may need some more time to review the minutes.  I am
extending the deadline to Friday, December 14th.
Thank you,

Todd Hudson
Information Systems Analyst
Gas System Operations
415.973.1386

>  -----Original Message-----
> From: 	Hudson, Todd
> Sent:	Tuesday, November 27, 2001 12:29 PM
> To:	'jhickman@nisource.com'; 'theresa.hess@enron.com';
> 'randy.young@gulfsouthpl.com'; 'tom_gwilliam@iroquois.com';
> 'Ruth.Clark@neg.pge.com'; 'jarregu@mail.pnm.com';
> 'csuarez@reliantenergy.com';
> 'Michelle_M_Willis@reliantenergy.com';
> 'ken_schubert@transcanada.com'; 'Lynn.blair@enron.com';
> 'Charlie.Bass@elpaso.com'; 'klburch@duke-energy.com';
> 'mlmccain@duke-energy.com'; 'todd_white@iroquois.com';
> 'janie.k.nielsen@williams.com';
> 'michael.d.rasmuson@williams.com'; 'scotth@questar.com'; Pon,
> Wayman; Breen, John Jr; Janopaul, Margi; Hudson, Todd;
> Snyder, Cheryl; Johnson, Kirk
> Subject:	Pipeline Interconnect Forum Draft Minutes
>
> Folks,
> Here are the draft Pipeline Interconnect Forum Minutes from
> the meeting on October 22, 2001.  Please review them and get
> back to me with any comments or corrections by Friday,
> December 7th.  After that, I'll send the final minutes to the
> complete distribution list.
>
> If you are interested in participating in Benchmarking,
> please contact me or Cheryl Snyder.  Cheryl's email is
> Cxm2@pge.com. Her phone number is 415-973-4455. My email is
> tgh4@pge.com. My phone number is 415.973.1386.
>
> I have attached the minutes and the attendee list. << File:
> Interconnect_minutes2001.rtf >>  << File: Attendee_List.rtf >>
>
>
> Todd Hudson
> Information Systems Analyst
> California Gas Transmission
> Pacific Gas & Electric Company
> 415.973.1386
>


Are either of you supposed to go to this meeting?  If so,  could you try to
get 4 to 5 people for me?
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 01/02/2001
11:28 AM ---------------------------

Tom Wilbeck@ENRON
01/02/2001 10:57 AM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Re:Trading track questions

Thanks for your reply.

The trading track is tentatively scheduled to start on Tuesday, January
16th.  Rotations will be determined in a meeting scheduled for tomorrow
evening.  We'll try to keep you posted as things develop.

Thanks,
Tom Wilbeck


Spoke with Debora Hernadez - booked from 12 - 5, will have small table, flip chart, sprite, diet coke and water, pretzels and popcorn


Steve,

This article came out last week while I was gone and I wanted to be sure you
saw it.  Thanks, Ann

US AND CANADA: US administration faces crisis over energy policy: Whoever
gets to inhabit the White House must face up to the fact that he will have to
address problems not just in oil but in the natural gas sectors, compounded
by the cut-off of Iraqi crude oil, reports Hillary Durgin:
Financial Times, Dec 6, 2000

			The alarm in world energy markets triggered by the halt in Iraqi crude oil
exports at the weekend is the latest sign that the new administration -
whoever leads it - will have to make US energy policy a top priority.
			Even as the outcome of the presidential election has hung in the balance over
the last few weeks, energy industry officials have argued that the new
president will have to address problems not just in oil, but in the natural
gas and power sectors that reached crisis levels over the past year.
			The cut-off of Iraqi crude could have serious repercussions for the US, the
world's largest oil consumer, particularly at a time of exceptionally low
inventories in the world oil markets and shortage in spare production
capacity within the Organisation of Petroleum Exporting Countries. That
situation could easily reach crisis proportions for the US if other
circumstances, ranging from unrest among Nigerian oil workers to cold winter
weather across the country, affect supplies.
			"For the new administration, this whole event is going to raise the question
of energy security and US energy policy to the very top of the docket," said
Amy Jaffe, senior energy analyst with the James A. Baker III Institute of
Public Policy at Rice University in Houston.
			The Baker institute is working with the Council on Foreign Relations, a New
York-based think tank, to form a taskforce on US energy policy. "Whenever the
new president takes office, he is going to have to cope with whatever the
economic fallout is of this and the economic fallout is going to be huge," Ms
Jaffe predicted.
			Opec has only between 1m to 2m barrels per day of spare production capacity -
far less than it has had during previous oil crises. Put in perspective, in
the winter of 1989, colder than normal weather boosted US oil demand by 1.5m
barrels per day.
			For the first time in more than two decades, energy has become a focus of
public debate. As energy shortages and high prices stunned the public
following a long period of adequate supplies and cheap prices, these issues
became a political rallying point and figured prominently in theelections.
			"There is a direct correlation between interest in energy policy and prices,
and energy prices are high, so interest in energy policy is high," said Robin
West, chairman of the Petroleum Finance Company, a Washington DC-based energy
consultant.
			The position of energy secretary has generally been regarded as weak and has
often been occupied by someone with little knowledge of the industry. Whoever
becomes the next secretary must have a good understanding of the industry and
be able to explain the complexities of the regulatory structures and markets
to Congress, Mr West said.
			Over the past two years, power shortages and skyrocketing prices have become
more commonplace. The underlying problem, industry executives say, is the
lack of a uniform, national policy to provide competitive, open access to the
nation's electricity power grid.
			Current regulations, for example, tend to favour regional power authorities
and utilities in certain regions so that competitors have a harder time
getting power onto the grid and transmitting it. In 1998 that problem
triggered, for example, prices of Dollars 7,500 per megawatt-hour in Ohio
compared with neighbouring states where they were one-fortieth of that level.
			Another problem is the difficulty of obtaining permits to site and build
plants in certain states. In California, for example, where shortages have
become a serious problem and the state imports 25 per cent of its power on
days of peak demand, 11,000 megawatts of new power has been proposed but
can't get sited.
			"The biggest energy policy issue we have is electricity," said Steven Kean,
executive vice-president and chief of staff at Houston-based Enron, the
country's largest merchant of natural gas and power. "Natural gas is not even
close. Oil is not even close." Enron is pushing for legislation to ensure
open, competitive access on the power grid and initiatives that would enable
new power generation capacity to be developed faster and easier.
			Closely tied to the problem of power is that of natural gas, which is the
feedstock for virtually all new power generation capacity in the US. Prices,
which are now above Dollars 6 per thousand cubic feet, hit a record high this
week - three times the price of a year ago - as the energy industry has been
unable to keep pace with demand.
			Many in the industry are concerned about how the US will be able to meet
future power demands unless more gas is developed. Yet while companies are
busy drilling, they have been hard pressed to increase production.
			Companies such as UK-based BP Amoco and Calgary-based Nexen, which have gas
reserves in Alaska and Canada, are hoping that the high prices will make
development and transport of those reserves profitable, but such projects are
probably five years away.
			At the top of the energy industry's agenda in accessing more oil and gas are
efforts to reopen more federal lands to drilling. In addition, they would
like to have equal access to oil reserves overseas in places such as Iran and
Libya where sanctions prevent US companies from doing business.
			The industry knows that forging a new energy policy will not be easy. But it
realises it must push it to the top of the new administration's agenda.
			"It will be a priority," said Chuck Watson, chairman and chief executive
officer of Houston-based Dynegy, a leading energy merchant with large
holdings in the natural gas and power sectors. "It has to happen, if they
don't want Dollars 5 natural gas and Dollars 40 crude and Dollars 50 power."
			Copyright , The Financial Times Limited


Great minds....

---------------------- Forwarded by Susan M Scott/HOU/ECT on 11/29/2000 04:28
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Mason Hamlin                           11/29/2000 04:18 PM

To: Nick Hiemstra/HOU/ECT@ECT, Joseph Piotrowski/NA/Enron@Enron, John
House/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, John
Swinney/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT,
Zachary McCarroll/Enron Communications@Enron Communications
cc:
Subject: Priceless!

 - Priceless.jpg


********************************************************************
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$119 ?Dallas/Fort Worth, TX (DFW) ??????St. Louis, MO (STL)
$204 ?Dallas/Fort Worth, TX (DFW) ??????Toronto, Canada (YYZ)
$ 89 ?Dallas/Fort Worth, TX (DFW) ??????Tulsa, OK (TUL) ?$189 ?Dallas/Fort Worth, TX (DFW) ??????Washington Reagan Nat'l, DC(DCA)??$109 ?Dallas/Fort Worth, TX (DFW) ??????Wichita, KS (ICT)?$159 ?El Paso, TX (ELP) ????????????????Dallas/Fort Worth, TX (DFW)?$ 89 ?Grand Rapids, MI (GRR) ???????????Chicago O'Hare, IL (ORD) #?$159 ?Harrisburg, PA (MDT) ?????????????Chicago O'Hare, IL (ORD)?$159 ?Hartford, CT (BDL) ???????????????Chicago O'Hare, IL (ORD)??$209 ?Hartford, CT (BDL) ???????????????Dallas/Fort Worth, TX (DFW)?$159 ?Indianapolis, IN (IND) ???????????Dallas/Fort Worth, TX (DFW)?$ 89 ?Miami, FL (MIA) ??????????????????Key West, FL (EYW) #?$109 ?Midland, TX (MAF) ????????????????Dallas/Fort Worth, TX (DFW) #??$319 ?New York Kennedy, NY (JFK) ???????Los Angeles, CA (LAX)?$109 ?Orange County, CA (SNA) ??????????San Jose, CA (SJC)?$189 ?Palm Springs, CA (PSP) ???????????Dallas/Fort Worth, TX (DFW)?$159 ?Philadelphia, PA (PHL) ???????????Chicago O'Hare, IL (ORD)??$189 ?Pittsburgh, PA (PIT) ?????????????Dallas/Fort Worth, TX (DFW)?$119 ?Portland, OR (PDX) ???????????????San Jose, CA (SJC)?$319 ?San Jose, CA (SJC) ???????????????Boston, MA (BOS)?$109 ?San Jose, CA (SJC) ???????????????Orange County, CA (SNA)??$119 ?San Jose, CA (SJC) ???????????????Portland, OR (PDX)?$119 ?St. Louis, MO (STL) ??????????????Dallas/Fort Worth, TX (DFW)?$159 ?Syracuse, NY (SYR) ???????????????Chicago O'Hare, IL (ORD)?$159 ?Tulsa, OK (TUL) ??????????????????Chicago O'Hare, IL (ORD)??$ 89 ?Tulsa, OK (TUL) ??????????????????Dallas/Fort Worth, TX (DFW)
$159 ?Vail/Eagle, CO (EGE) ?????????????San Francisco, CA (SFO)
$189 ?Washington Reagan Nat'l, DC (DCA) Dallas/Fort Worth, TX (DFW)
$109 ?Wichita, KS (ICT) ????????????????Dallas/Fort Worth, TX (DFW)

# American Eagle service
 A portion of travel may be on American Eagle service??-----------------------------------??Travel Dates and Times for Net SAAver Fares:??- Depart Friday, December 15, 2000 on or after 7:00 p.m. or ???anytime on Saturday, December 16, 2000?- Return anytime the following Monday, December 18, 2000 or???Tuesday, December 19, 2000?- Friday evening travel may not be available in all markets?- Tickets must be purchased no later than this Friday, ???December 8, 2000, 12:00 midnight (CST)??-----------------------------------??How to Book Net SAAver Fares?Net SAAver Fares are now exclusively available on the Web at AA.com.??To book, login to AA.com with your AAdvantage number and PIN by clicking:??????www.aa.com?then click on Current Web Fare Specials and Net SAAver Fares.??***********************************?***********************************??2. American Airlines International Net SAAver Fares??Coach Class Travel?R/T?Fare ?Coach Class From: ????????????????To:?---- ?---------------- ?????????????????----------------?$359 ?Dallas/Fort Worth, TX (DFW) ??????Cabo San Lucas, Mexico (SJD)?$179 ?Dallas/Fort Worth, TX (DFW) ??????Monterrey, Mexico (MTY)?$ 79 ?Fort Lauderdale, FL (FLL) ????????Nassau, Bahamas (NAS) ?$ 79 ?Miami, FL (MIA) ??????????????????Freeport, Bahamas (FPO) #??$ 79 ?Miami, FL (MIA) ??????????????????George Town, Bahamas (GGT) #?$ 79 ?Miami, FL (MIA) ??????????????????Governors Harbour, Bahamas (GHB) #?$ 79 ?Miami, FL (MIA) ??????????????????Marsh Harbour, Bahamas (MHH) #?$259 ?Miami, FL (MIA) ??????????????????St. Maarten, Netherlands AN (SXM)??$179 ?Miami, FL (MIA) ??????????????????St. Thomas, USVI (STT)?$ 79 ?Orlando, FL (MCO) ????????????????Nassau, Bahamas (NAS) #?$ 79 ?San Juan, PR (SJU) ???????????????St. Croix, USVI (STX) #?$ 79 ?San Juan, PR (SJU) ???????????????St. Lucia Charles Airport, St. Lucia ?(SLU) #??$199 ?San Juan, PR (SJU) ???????????????St. Maarten, Netherlands AN (SXM)
$199 ?San Juan, PR (SJU) ???????????????St. Thomas, USVI (STT) ??# American Eagle service? A portion of travel may be on American Eagle service

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

Travel Dates and Times for Net SAAver Fares:

- Depart Thursday, December 14, 2000 or Friday, December 15, 2000
- Return anytime the following Monday, December 18, 2000 or
??Tuesday, December 19, 2000
- Tickets must be purchased no later than this Friday,
??December 8, 2000, 12:00 midnight (CST)

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

How to Book Net SAAver Fares
Net SAAver Fares are now exclusively available on the Web at AA.com.

To book, login to AA.com with your AAdvantage number and PIN by clicking:
?????www.aa.com
then click on Current Web Fare Specials and Net SAAver Fares.

***********************************
***********************************

3. AAdvantage Net SAAver Awards

????????????Travel On 4,000 AAdvantage Miles!

Award travel is closer than you think! Because now you can claim
AAdvantage Net SAAver Awards for as low as 4,000 AAdvantage miles.
With this award reduction, getting away with Net SAAver Awards
has never been easier!

See how far your miles can take you. Call AAdvantage today.
??$ 89 destinations are just $49 plus ?4,000 miles
??$109 destinations are just $49 plus ?7,000 miles
??$119 destinations are just $49 plus ?7,000 miles
??$159 destinations are just $49 plus 13,000 miles
??$169 destinations are just $49 plus 13,000 miles
??$189 destinations are just $49 plus 16,000 miles
??$209 destinations are just $49 plus 17,000 miles
??$319 award not available

- ?Our AAdvantage Net SAAver Awards are a great way
???to use your AAdvantage miles to obtain a travel award
???for less mileage. To determine the mileage required, compare
???the fares in this week's Domestic Net SAAver list with the
???chart above.

- ?AAdvantage Net SAAver Awards are valid for travel departing
???December 15 - December 16, 2000 for the markets listed above.

- ?AAdvantage Net SAAver Awards are not applicable to
???First/Business Class, International or Transborder fares.

- ?To book your AAdvantage Net SAAver Award trip
???call AAdvantage toll-free, 800-882-8880.

***********************************
***********************************

4. Hotels

Wyndham Hotels & Resorts

??????????Wyndhams's Weekend Deals -

What are you doing this weekend? Get away with Wyndham's 50/50
Weekend Escape(R). Bring the kids and get 50 percent off a second
room. Or simply save 50 percent off a second night. Either way
it's a great deal. Wyndham's Weekend Romance Getaway. Get away
from it all and spend the weekend alone with your sweetheart.
Wyndham's romantic getaways let you take a break from your everyday
routine and focus on each other again. Click on the link below
or call 800-WYNDHAM (800-996-3426) to book your reservation.

?????www.wyndham.com

***********************************

Westin Hotels & Resorts, Sheraton Hotels & Resorts and Four Points Hotels by
Sheraton

From coast to coast, the perfect weekend away is now even less.
With Preferred Weekends, you're only a couple of clicks away from
incredible savings across the country at Westin Hotels & Resorts(R),
Sheraton Hotels & Resorts(R) and Four Points(R) Hotels by Sheraton.
You'll also receive 4pm late checkout, so you can make the most
of your weekend getaway. And as always, you will earn 500 AAdvantage
miles for all eligible stays. ?For information on participating
hotels, dates and rates please click below or call 1-877-822-2222.

?????http://promo.starwood.com/aapw

***********************************
***********************************

5. Vacation Packages

????????????American Airlines Vacation Packages

Book your American Airlines Vacation package online.
Go to the AA Vacations web site by clicking here:
?????www.aavacations.com
and earn up to 3,000 AAdvantage bonus miles!
You may also call toll-free 800-321-2121 to learn more.

-------------------------------------
?
????????????Marriott Vacation Club

WIN $20,000! ENTER the NEW Vacation for a Lifetime Sweepstakes

One lucky Grand Prize winner will receive a $20,000 cash
prize which may be used towards the purchase of a one week
Vacation Ownership interest from Marriott(tm) Vacation Club Int.
Also 100 winners will receive 10,000 AAdvantage Miles!
??????????Click below to ENTER NOW!

?????www.sweepstakes.vacationclub.com/aadvantage

***********************************
***********************************

6. Additional Rules and Restrictions

AA Net SAAver Fares Restrictions:
Fares shown do not include (i) up to a $3 USD federal excise
tax, which will be imposed on each flight segment of your
itinerary, (ii) local airport charges of up to $12, if applicable,
and, (iii) Canadian taxes of up to $22, if applicable. International
fares are subject to government approval. Government taxes and fees
of up to $88 USD, varying by destination, are not included and may
vary slightly depending on currency exchange rates at the time of
purchase. Tickets are nonrefundable and must be purchased at the
time the reservation is made. ?Prior to departure, changes to your
ticket may be made if you pay up to a $75 USD change fee and meet
the restrictions applicable to the new fare. ?Seats are limited.
Fares may not be available on all flights and are subject to change
without notice. All or a portion of your travel may be on American
Eagle, American's regional airline associate. Other restrictions
apply, click on one of the links below, or login to:
http://www.aa.com for more information.

?????www.aa.com/domnsrules
?????www.aa.com/intlnsrules

Net SAAver Fares is a trademark and American Airlines and
American Eagle are registered trademarks of American Airlines, Inc.

***********************************
***********************************

This email has been sent to SSCOTT5@ENRON.COM

If you choose not to receive Net SAAver Fares messages, or if you would like
to change your e-mail address, please visit:
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or e-mail us with a subject of "unsubscribe" and we'll remove you from all
American Airlines e-mail lists, including Net SAAver, AAdvantage Summary via
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Message-Id: <20001204230348.DA7B.1130683-5610@info.aa.com>
 [IMAGE]


There has been a change in the monthly dinner meeting as follows:

  DATE:   August 14, 2000
  PLACE:   The Map Room
      Brennan's
      3300 Smith
      713/522-9711
  TIME:    6:30 PM

Please make a note of these changes.  I will look forward to seeing you
there.


Gus:
Here are some questions, where we need a little more information on.  Thanks!
Ben


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/27/2000
05:35 PM ---------------------------

Pinnamaneni Krishnarao
09/27/2000 04:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, kaminski@aol.com
cc:
Subject: presentation files

Vince:
 FYI, Grant has gone through slides 4-9 (option premium definition in GBM-BS
presentation) last time. I will copy these files to my Laptop and a floppy to
take to the Hotel tomorrow. Bring your laptop also though, just in case ...
Krishna.


Pavel,

We shall talk to him. He looks like a very qualified
candidate.

Vince

From: Pavel Zadorozhny on 01/12/2001 01:40 PM
To: Vince J Kaminski/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT
cc:
Subject: asking for advice regarding Summer Associate position at Enron

Gentlemen,

Here is a guy who is looking for a summer associate position. I looked at his
resume and think that he may be worth talking to.

Pavel
---------------------- Forwarded by Pavel Zadorozhny/HOU/ECT on 01/12/2001
01:37 PM ---------------------------

Dmitri Villevald <Dmitri.Villevald@owen2002.vanderbilt.edu> on 01/03/2001
06:56:54 PM
To: "Pavel Zadorozhny (E-mail)" <pavel.zadorozhny@enron.com>
cc:
Subject: asking for advice regarding Summer Associate position at Enron

Dear Mr. Zadorozhny:

Maxim Philippov suggested that I write you. Being a first-year MBA student
at Owen Graduate School of Management (Vanderbilt University) with a Finance
concentration, I am looking for a Summer Associate position at Enron.

The area of my particular interest is Enron's risk management products
(commodity derivatives research and trading). Graduating from Novosibirsk
State University with major in physics, I am eager to apply my experience
with the use of theoretical and statistical physics techniques to the
managing of modeling processes and creating complex financial and trading
models. I strongly believe that my graduate education coupled with
undergraduate background in physics, solid work experience in finance and
proven entrepreneurial spirit will allow me to contribute to Enron as a
Summer Associate.

I would really appreciate your advice regarding employment opportunities at
Enron and would like to find out more about Enron Capital & Trade Resources
Corp. I will call you within this week to follow up on my request.

Thank you very much for your time.

Sincerely,

Dmitri Villevald

Enclosure: resume

 <<Resume.doc>>
P.S. Looking through an example of margin risk hedging at Enron's Web site,
I think I found a small mistake there. URL of this page is

<http://www.ect.enron.com/products/risk/margin_intro.fset.html> (producer
application)

The second sentence of the paragraph beginning with "Paradigm and Enron
exchange..."
states the following.

For example, if the actual margin is $1.25/MMBtu for a given month, then
Paradigm will pay Enron $0.13/MMBtu. Alternatively, if the actual margin is
$2.00/MMBtu, then Enron will pay Paradigm $0.62/MMBtu.

I believe, if I am reading it correctly, the money should flow in the
opposite direction, namely:

For example, if the actual margin is $1.25/MMBtu for a given month, then
Enron will pay Paradigm $0.13/MMBtu. Alternatively, if the actual margin is
$2.00/MMBtu, then Paradigm will pay Enron $0.62/MMBtu.

Am I right?

Again, thank you very much for your time.

 - Resume.doc


John, I spoke to Milly - he is on side.  I have completed all reviews except
Kishkill and Orlando - how do you want to handle this?

Regards
Delainey


Hey team.

I just created deals 456630 (sale to New Power) and 456638 (buy from New
Power) at the pool.  This is to record the gas ENA is buying back from New
Power when there daily loads drop below the FOM numbers.  I'm using the
following FOM numbers

1st-6th  51,762
7th-26th  41,762  New Power sold back 10,000 dth day 7th-31st
27th-31st 31,762 New Power sold Aquilla 10,000 dth 27th-31st

Using these numbers, ENA is only buying back a total of 164,031dth through
the 25th.  Not as much as I thought.


Revision in bold.  Pass on to any who may need this.

In order to provide the ability to track transport expense by Desk, Sitara
was modified to allow multiple Transport Capacity tickets for the same
Service Contract provided that they are for different desks and only one is
tagged as "Primary".  Here is the procedure for setting up new Capacity
tickets to reflect the "other" desks:

a.  You will probably first notice this via a warning/error message in Path
Manager when building a new path.  The message will read something like
"Source/Destination 123456 for desk IMCT does not match Service contract 3434
and will be removed."
b.  Make note of the deal number in the Service List of the Service contract
that you were using in the new path.
c.  Open that Transport Capacity deal in Sitara.  Then hit Copy.
d.  On the new deal:
 Change the Buyer from the old desk to the new desk that matches the Supply
or Market deal that you are pathing with.  If it a deal for which we are
  agent, then don't change the Buyer but instead change the Agent to the new
desk.  The "primary" deal will carry the actual Agent.  The Agent
  contract will get cleared.  Re-select the Agent Contract.
 Changing the Buyer causes the Contract field to get blanked out.  Re-select
the Pipeline contract.
 Just above the various exchange line items is a Primary Deal check box.
Un-check it.
 On each exchange line item, change the MDQ to zero and for any Negotiated
rates, uncheck them as well.  The "primary" deal will carry the MDQ and
  any negotiated Demand, Commodity or fuel.
 Hit Release.
e.  You may need to re-retrieve Path Manager.  You should see the Deal number
in the Service list now read "Multiple".  Right-click/Service Deals will list
the  specific deals.
f.  Re-build the path as you originally desired.  The warning/error message
should not appear again.

This could occur for any combination of Desk and Service Contract.
Please file this in your "Call Dave If I Can't Find This" folder.

Thanks, d.n.


The enclosed research report is being sent to you from PaineWebber by:

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 rocky.emery@PaineWebber.COM

Please contact them if you have any questions or would like to discuss this
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on-screen instructions.  The Acrobat Reader is free of charge.

 - P004624420001219D01.pdf


Jeff and Laura,

I've attached the Gas Bench Porfolio that we discussed.  If you need any more
information just let me know.

Thanks for being patient.

Robin
x57478