Gentlemen, please find below a description of the current status of the
Advanced Mobile Power Systems, LLC project.

AMPS

ENA obtained its 85% ownership interest in Advanced Mobile Power Systems LLC
on January 26, by investing US$17 million in cash and assets.  The remaining
15% is held by a company, Dispersed Power LLC, which is owned by the former
principals of Power Systems Manufacturing LLC.  One of the major assets that
ENA transferred into AMPS is a complete used mobile power generating system,
like the one we propose to manufacture, which was acquired from PG&E and
fixed up by PSM.  That unit was started up and run several times in January
at Enron's site in New Albany for the purposes of testing the output,
acoustics and emissions.  We have now commenced the process of marketing this
test unit for resale and the plan is to have disposed of it by the end of
April at the latest.

AMPS has now been staffed with approximately 10 full-time employees, mostly
on the engineering side, and Enron, through a services agreement, has agreed
to provide certain services to AMPS for the first six months of its
operation, with the primary services being legal and accounting.  I am
coordinating the provision of, and for the most part providing, the legal
services and will retain an outside law firm in Florida that can take over
the legal work upon the expiry of the six month period.  Cle Dade at
Bracewell & Patterson is assisting me in coming up with a short list of
Florida law firms and then I will begin interviewing them.  As part of this
services agreement, Enron is billing AMPS for my legal services at a rate of
US$100 per hour.

Contracts have been executed with all equipment vendors to manufacture all of
the various parts to assemble one beta unit, for the purposes of
demonstrating that one of these units can be manufactured and meet the
performance targets of approximately 20 MW output with 5 ppm NOx on gas
fuel.  The beta unit will be completed around the end of July 2001 and will
be capable of running on duel fuel and will be equipped with an exhaust
silencer and selective catalytic reduction unit (SCR) kit to reduce noise and
NOx/CO emissions.  In addition, Pratt has agreed to supply a Dry Low NOx unit
for the generator to assist in the emissions reduction.  Manufacturing the
beta unit with all these bells and whistles will allow us to test the maximum
performance and then, based upon a customer's needs, we can manufacture units
to meet those needs and adjust the price accordingly.  Our cost to
manufacture the beta unit is approximately US$7.5 million and our intention
is to sell it for approximately $9.5 million to $10.5 million, which,
according to our preliminary market research, will make us competitive.  The
price per unit will go down as we move into greater production numbers and we
have confirmed through our review of the various vendors that all of them
will be able to meet our ramped up production needs.  We estimate that it
will take approximately 6 months from the date of purchase order to
manufacture and assemble one unit and AMPS is currently looking for warehouse
space that will allow it to assemble multiple units concurrently.  AMPS is
gearing up to build 12 units in 2002 and 24 in 2003.

Each unit consists of two trailers, being an auxiliary trailer (housing the
controls systems) and a power trailer (housing the turbine).  It takes
approximately 3 days to set up and connect the unit to generate power from
the time it hits the site.  Tear down is about the same length of time.

AMPS is currently hiring a sales/marketing person and conducting more
thorough marketing due diligence.  Obviously, if we had been six months
quicker we would be selling as many of these things as we could make into
California, particularly with the ability to hit 5 ppm NOx.

We are currently negotiating a royalty and equity participation with Pratt &
Whitney, the original manufacturer of the type of aero-derivative gas turbine
that makes up part of the system, whereby they would obtain a 15% interest in
AMPS and a royalty on unit sales in exchange for providing AMPS with the
right to use and modify all prints and drawings relating to the generator and
manufacture such generators based upon such drawings, together with an
intellectual property indemnity relating to such use.

The board of AMPS consists of 3 Enron people, being Kyle, Michael Miller of
Principal Investing and Bob Virgo of ENA.  There are also two people from
Dispersed Power (formerly PSM people).  From my attendance at the initial
board meeting, it appears relatively clear that this is a strong board, which
should help in maintaining AMPS as a strong IPO candidate if the technology
works out and the demand remains strong.  Every indication is that the
technology is there.

If you need any more information, let me know.

Thanks
Greg


Is this something you would handle?  It is not from my group.

-----Original Message-----
From: Thorne, Judy
Sent: Thursday, September 27, 2001 2:48 PM
To: Heinitz, Mary J.
Subject: FW: Electronic Trading Agreement (ETA)

Mary,

I believe that you have the original for our contract with Intercontinental Exchange. Can you please take care of making the following correction to that contract? If you do not have the contract, please let me know so I can make sure that I get this to the right person.

Thanks,
Judy

-----Original Message-----
From: Mrha, Jean
Sent: Wednesday, September 19, 2001 3:35 PM
To: Thorne, Judy
Subject: FW: Electronic Trading Agreement (ETA)

FYI.

Regards, Jean

-----Original Message-----
From: Ron.E.Benton@dynegy.com [mailto:Ron.E.Benton@dynegy.com]
Sent: Wednesday, September 19, 2001 3:34 PM
To: Mrha, Jean
Subject: Electronic Trading Agreement (ETA)

Dear Ms. Jean Mrha,

Your firm has an ETA with us.  On our original on page six the effective
date was left off.  Please insert 7-9-01 as this date on your original.
Sorry for the inconvenience.

Thank you for your time and consideration in this matter.

(713) 767-4582


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Greetings folks.  We should decide how we want to handle.  One thing I'm not
clear on and that I couldn't find in the syllabus is, what's the format for
the write up?  If we're called on to discuss, do we simply discuss orally,
some sort of simplistic PP slides, spreadsheets, other?  Anyway to discuss
between now and Monday, or do we want to just take Dylan up on his offer?

Best,
Jeff

Kimberly Kupiecki <kkupiecki@arpartners.com> on 09/07/2000 06:56:44 PM
To: jdasovic@enron.com
cc: dwindham@uclink4.berkeley.edu, kupiecki@haas.berkeley.edu,
jjackson@haas.berkeley.edu
Subject: Re: E220 Case #1

Hello all,

I will take a look at the case tonight.

Divvying is fine with me.

At 03:22 PM 9/7/00, jdasovic@enron.com wrote:

>would seem useful if we all contribute in some manner, but i'm open to
>suggestions.  perhaps we could divvy up the questions.
>
>
>
>
>Dylan Windham <dwindham@uclink4.berkeley.edu> on 09/07/2000 04:50:31 PM
>
>To:   dasovich@haas.berkeley.edu, kupiecki@haas.berkeley.edu,
>       jjackson@haas.berkeley.edu
>cc:
>Subject:  E220 Case #1
>
>
>
>Hello,
>
>I have started to look at the case assignment for Monday.  Since, I will be
>out of town the following week I will volunteer to write this one up.  I
>don't know how he want to divvy up the work (by Questions or everyone does
>it all), but let me know.  I have already made a spreadsheet with the
>combined cash flow statement that I will send to you tomorrow.  Let me know
>how we want to handle this.
>
>--Dylan
>
>
>Ofc. Dylan H. Windham
>Threat Management/Domestic Violence Unit
>University of California Police - Berkeley
>Room 1 Sproul Hall
>Berkeley, CA 94720
>(510) 642-1606

Kimberly Kupiecki
Senior Account Executive
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801


In the Gas Flash of December 27, 2001, the volume figures associated with
the "LNG Fleet" table on page 2 were incorrect. Please replace with the
attached document which contains the correct figures.

If you have any questions regarding the report's content, please contact:
Greg Shuttlesworth (email: greg@pira.com), Richard Redash (email:
Rich@pira.com), Nobu Tarui (email: nobuo@pira.com) or Jane Hsu (email:
jane@pira.com), at (212) 686-6808.

Contact Client Services regarding PIRA report distribution and address
changes at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Gas Flash Weekly" outside a Client's licensed
distribution area is strictly prohibited. Clients that are unsure of their
licensed distribution or require an extension of their current license
should contact their PIRA sales representative, or email to sales@pira.com.

PIRA Energy Group

 - aga122701.pdf


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
11:36 AM ---------------------------

Zimin Lu
03/19/2001 11:17 AM
To: Stinson Gibner/HOU/ECT@ECT, Bob Lee/NA/Enron@Enron, Rabi De/NA/Enron@ENRON
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Monte Carlo talk for option class

Here is my MC talk, electronic version.


I think that this sounds like a good plan.  Since Michelle, Clay and Nadege
are still pending on their fulltime offers, this should help us in the
cultivation effort.  --Sally

	Enron North America Corp.

	From:  Lexi Elliott @ ENRON                           03/09/2001 03:38 PM

To: Mike McConnell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc: Jody Crook/Corp/Enron@ENRON, Jacqueline Coleman/NA/Enron@ENRON
Subject: OU Scholarships

Mike and Sally:

As you know, I attended the AAPL scholarship interviews conducted Tuesday,
March 6 at OU.  Of the 23 students which interviewed, 3 are current or former
Enron interns (Clay Shamblin, Michelle Terry, and Nadege Assale).

I have designated $1500 from my budget to be awarded at the EM Spring Awards
Banquet which will be held April 20 on campus.

I met with Jody Crook yesterday, and it is our recommendation to award $500
to Clay, Michelle, and Nadege.  I think this will help impress upon the
students how Enron values its interns.

The remaining candidates which interviewed ranged from Freshmen to Seniors,
and I do not feel that awarding them money at this point would necessarily
improve our success on campus.

I look forward to your feedback.

Regards,

lexi


---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 06/01/2001 03:58 PM ---------------------------
From:	Leslie Lawner@ENRON on 06/01/2001 03:57 PM
To:	Rebecca W Cantrell/HOU/ECT@ECT
cc:
Subject:

These comments on FERC's proposed gas reporting requirements are due on June 18.  The draft takes the position that the FERC should NOT adopt reporting requirements for natural gas sellers, which is a different approach than some of you had discussed earlier.  If after reading my very persuasive comments, the consensus is we should not oppose the reporting requirements but rather attempt to water them down, I will of course rewrite the comments (or resign in protest).

On page 6, I make the argument that we do not do our business in the manner the reporting requirements seem to contemplate.  I go through a very high level description of our "books," but I really do not want to be more specific, as we then get into proprietary matters.  Where we have given FERC the more detailed description, we have asked for confidential treatment.

Please get comments back to me and Becky as quickly as you can.  Thanks.


I am sending this e-mail message to address several issues related to the
swap and to circulate a proposed confirmation for your consideration.

Before addressing the swap, however, I should note that it is not clear to
me that the project team has finally decided to proceed with a swap rather
than a guaranty.  If we are not, I would appreciate someone letting me know
so that we can stop this process.

Comments on the Draft Schedule:

 1.  Part 1(a) "Specified Entity":  A Specified Entity is an entity
other than the parties whose actions can cause an event of default or a
termination event.  The draft schedule does not contemplate a Specified
Entity.  I think we should consider whether EPE and/or SCG should be a
Specified Entity with respect to TBS.

 2.  Part 1(b) "Threshold Amount": proposes $1,000,000 for TBS, which
seems low given that Enron Corp. is backing it up.

 3.  Part 1(h) "Additional Event of Default":  If we use a swap
arrangement, there will be two: one for 72.5% between TBS and ECT, and one
for 27.5% between TBS and a Shell entity.  If that is the case, do we want
an additional event of default under which a sale by Shell of its interest
in TBS could result in termination?

 4.  Part 2  "Representations":  I think that we need someone in tax
to determine whether TBS can make the representations.

 5.  Part 4(d) & (e) "Credit Support Provider": Shell will be the
credit support provider under the other swap arrangement, not this one.

 6.  Part 4(g) "Governing Law", 4(h) "Arbitration": The schedule
proposes Texas law with AAA arbitration to be held in Texas.  It would seem
to me that we would want to use arbitration procedures that are similar to
those in the gas supply agreements, with ICC arbitration, held in Miami,
under New York, with joint arbitration if the same issue arises under one of
the gas supply arrangements (such as the proper calculation of price).

Comment on the Proposed Confirmation:

 I have reproduced the gas supply pricing provisions from the EPE Gas
Supply Agreement under the "Fixed Amount Details" but have not done so under
the "Floating Amount Details", which cross-references the provisions of the
SCG Gas Supply Agreement, because of the length of those provisions.

 Please let me know if you have any reactions to the above comments
or any comments on the attached confirmation.  I will contact Nasim to
discuss the process for pushing the swaps (or, alternatively, guaranties) to
completion.

Regards, Dean

 <<SWAPCON1.doc>>

 - SWAPCON1.doc


Do you guys agree with the rate?
---------------------- Forwarded by Lauri A Allen/HOU/ECT on 02/24/2000 02:51
PM ---------------------------
   Kellie Bilski                02/24/2000 02:19 PM

To: Lauri A Allen/HOU/ECT@ECT
cc:
Subject: Re: Midcon Invoices

Midcon is billing us $.05 from Katy to Cogen.

Lauri A Allen
02/24/2000 01:57 PM
To: Kellie Bilski/HOU/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
Subject: Midcon Invoices

Kellie-

I researched the statements you sent me and found deal ticket #109925 in
Sitara which shows HPLC transporting on Midcon from Live Oak to Hardy Street
for $.04/mm for the months of August and September.

The statement for November covers gas moving from Katy tailgate to Cogen
Lyondell and is covered by Sitara deal ticket #133257.  The deal ticket shows
a zero rate, however.  Elsa/Daren- do either of you remember this deal?  It
was on November 30th for 5000mm.  Kellie- what is Midcon charging for this
haul?

Thanks.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/25/2001
12:23 PM ---------------------------

"KRISTI GIRON" <KRISTI.GIRON@cfisd.net> on 01/24/2001 11:34:18 AM
To: <Darron.C.Giron@enron.com>, <Dgiron1@pdq.net>
cc:
Subject: Fwd: FW: Fwd[3]:FW: For the Sportsman in all of us...

Date: Tue, 16 Jan 2001 09:45:50 -0600
From: "TERESA CARDAMONE" <TERESA.CARDAMONE@cfisd.net>
To: "KRISTI GIRON" <KLG10425.CF005.DOM-HIG@cfisd.net>
Subject: Fwd: FW: Fwd[3]:FW: For the Sportsman in all of us...
Mime-Version: 1.0
Content-Type: message/rfc822

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From: "Morehouse, Craig L (HOU)" <Craig_L_Morehouse@Dresser-Rand.com>
To: "'bulldog1943@hotmail.com'" <bulldog1943@hotmail.com>, 'Christi C'
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<W-Ed.Wilcox@usa.conoco.com>, 'Edgar Buerger'  <deburtwo@aol.com>, 'gina'
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-

-

 - Bear3.mpeg
 - RFC822.TXT


---------------------- Forwarded by Joey Taylor/NA/Enron on 05/04/2001 09:27
AM ---------------------------

"Bluhm, Jerry" <JBluhm@tractebelusa.com> on 05/04/2001 09:18:13 AM
To: "'Alter, Jeffrey'" <jalter@fulbright.com>, "'Joey Bluhm'"
<jmb0202@hotmail.com>, "'Joey.Taylor@enron.com'" <Joey.Taylor@enron.com>
cc:

Subject: FW: Stick fighting

>
>
>  http://members.brabant.chello.nl/~a.mert/fight.swf


I realize that the timing of the Enron Net Works All Employee Meeting last Friday made it difficult for the Gas Logistics Team to attend.  For future all-employee events within ENW, we will try to schedule times that work best for all employees.  I didn't want you to be left out in this case, so I have worked with Bob Superty to set up another meeting for the Logistics team so that we can share with you the information that was covered last Friday.  I hope that you will be able to join me for this second meeting.  We have two videos that were made for the all-employee meeting that I think you will enjoy seeing.  We will also review the slides that were used in the discussions and have time for questions and answers.

			ENW All-Logistics Meeting
			Friday, October 12
			2:00 to 3:00 PM
			ECN 5 C-2

Sally W. Beck
Chief Operating Officer
Enron Net Works, LLC
Phone - 713.853.5926
Fax - 713.345.8100
sally.beck@enron.com


This request has been pending approval for  17 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078160&Page=Approval to review and act upon this request.

Request ID          : 000000000078160
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/5/01 9:32:40 AM
Requested For       : gulay.soykok@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


What do you think about these?

> AUBURN AT LSU (7:45 pm ET) AUBURN +7.0
> COLORADO VS TEXAS (BIG 12 CHAMPIONSHIP) (8:00 pm ET) COLORADO +8.5
> TENNESSEE AT FLORIDA (4:30 pm ET)  TENNESSEE +18.0
>
>
>
>
>
>
>


I will not be able to attend as I will be traveling back to Houston from Omaha by personal car on Dec 5.

-----Original Message-----
From: Jordan, Jennifer
Sent: Tue 11/20/2001 10:36 AM
To: Donovan, Bill; Fancler, Dan; Fisher, Joni; Harrison, Karen L.; Havemann, Stephen; Hugo, Gary; James, Robert; Jones, Robert W.- HR Exec; Kennedy, Phyllis R.; Langeland, Dianne; McAdoo, Jack V; Neville, Tom; Olszewski, Stephanie; Pickering, Mark; Rittgers, Dan; Sullivan, Michael; Vaughan, Pat; Watson, Kimberly; Weir, Debra
Cc: Jordan, Jennifer
Subject: Please Read - Special Board Meeting

You are hereby notified that a special meeting of the Board of Directors of Enron Federal Credit Union will be held on Wednesday, December 5th, 2001 at 5:30 P.M.  Conference Room EB/ECN 15c1, 1400 Smith Street, has been reserved for your use.  The topic for this special meeting is to review the NCUA exam and to discuss the 2002 budget.

We would appreciate your support in making our meetings as efficient and as productive as they can be.

        If you will not be attending; or

        If you will not be able to arrive at the start of the meeting at 5:30 p.m.; or

        If you would like to join the meeting by conference call,

Please RSVP to Jennifer Jordan by, returning an email or by phone.

It is imperative that we are advised whether or not you will be in attendance, due to the fact that the NCUA examiner will be joining us for this meeting.

Please note: If you would like to invite a guest to the board meeting, please notify Jack McAdoo at x3-6249 prior to the meeting for the schedule considerations.

Thank you,

Jennifer D. Jordan
(713) 853-7554


Please let me know if you would be interested in attending a Derivatives III course in Portland (next year).

(We are working to create a training calendar for 2002 and would like to be sure we have enough interest to offer DIII next year.)

Thanks!
Julie & Grace


Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Make a great connection at Yahoo! Personals.
http://personals.yahoo.com

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

From:  <Lillie_Carol@Allergan.com>
To: Sisco_Linda <Sisco_Linda@Allergan.com>, Leary_Kathy <Leary_Kathy@Allergan.com>, Brantley_Pat <Brantley_Pat@Allergan.com>, 'john at work' <john@cpumms.com>, 'Richard yahoo' <RJMANDA_2000@yahoo.com>, Marilyn Toland (E-mail) <lalamar@catalinaisp.com>, 'Arlene Smart' <Asmart@epicor.com>
Date: Thursday, October 11, 2001 6:00:11 GMT
Subject:

By now everyone has been hearing the death toll rise and reports of the destruction from the terrorist attacks on the US. These were deplorable acts that we will never forget. But now is a time to look at the other side of the numbers coming out of New York, Washington and Pennsylvania.

The sad but somewhat uplifting side that the mainstream media has not reported yet- the SURVIVAL rates and some positive news about the attacks.

*** The Buildings ***

* The World Trade Center -

The twin towers of the World Trade Center were places of employment for some 50,000 people. With the missing list of just over 5,000 people, that means 90% of the people targeted survived the attack. A 90% on a test is an 'A'.

* The Pentagon -

Some 23,000 people were the target of a third plane aimed at the Pentagon. The latest count shows that only 123 lost their lives. That is an amazing 99.5% survival rate. in addition, the plane seems to have come in too low, too early to affect a large portion of the building.On top of that, the section that was hit was the first of five sections to undergo renovations that would help protect the Pentagon from terrorist attacks. It had recently completed straightening and blast-proofing, savinguntold lives. This attack was sad, but a statistical failure.

*** The Planes ***

* American Airlines Flight 77
This Boeing 757 that was flown into the outside of the Pentagon could have carried up to 289 people, yet only 64 were aboard. Luckily 78% of the seats were empty.

* American Airlines Flight 11
This Boeing 767 could have had up to 351 people aboard, but only carried 92. Thankfully 74% of the seats were unfilled.

* United Airlines Flight 175
Another Boeing 767 that could have sat 351 people only had 65 people on board. Fortunately it was 81% empty.

* United Airlines Flight 93

This Boeing 757 was one of the most uplifting stories yet. The smallest flight to be hijacked with only 45 people aboard out of a possible 289 had 84% of its capacity unused. Yet these people stood up to the attackers and thwarted a fourth attempted destruction of a national landmark, saving untold numbers of lives in the process.

*** In Summary ***
Out of potentially 74,280 Americans directly targeted by these inept cowards, 93% survived or avoided the attacks. That's a higher survival rate than heart attacks, breast cancer, kidney transplants and liver transplants - all common, survivable illnesses

The Hijacked planes were mostly empty, the Pentagon was hit at it's strongest point, the overwhelming majority of people in the World Trade Center buildings escaped, and a handful of passengers gave the ultimate sacrifice to save even more lives.

Pass this information on to those in fear and the media. Don't fear these terrorists. The odds are against them.


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

The bill for 10/28/2001 may be put on hold due to problems encountered with
Performance Tracking System data.  The problem is associated with the time
change from DST to EST.  An update on the status of NYISO's efforts to
address this problem will be posted mid-afternoon tomorrow.

Regards,
Randy Bowers
Manager - Customer Settlements


Alert!
You are receiving this message because you have an unresolved invoice in your iPayit in-box that is past due.  It is critical that you login to iPayit and take immediate action to resolve this invoice.

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Attached is a copy of the last draft of the LLC Agreement prepared by
ENA which I have revised to incorporate the changes discussed in your
recent telephone conversation with Doug Pedigo.  In the interest of
time, I have not revised the attached LLC Agreement to reflect the
substitution of Sweetgum for Tejas.

Section 6.1(c)(iii) was revised to reflect Sweetgum's right to freely
assign its LLC interest.  Section 6.2(a) was revised to reflect
Sweetgum's right to exercise the call at any time if it either obtains
or waives the GE consent.  Section 6.2(c) was revised to allow ENA to
exercise its put at any time (i) if it obtains GE's consent in form and
substance satisfactory to Sweetgum in its sole discretion or (ii) after
all GE warranties have expired.

To expedite matters, I am forwarding these changes to you at the same
time I am forwarding them to Doug.

 - 5wv0y02_.DOC


The Global Liquid Fuels group has been over its VAR limit for the past 7
days.   There have been some questions regarding the accuracy of the
numbers.  The RAC-Market Risk Group believes that the calculations are
generally correct according to accepted methodology.  While it is not
perfect, the primary issues are not with the calculations but with the data
inputs and the expectations of John Nowlan of interday position changes
(where actual trades done have been different than his expectations).  There
has been a proposal to change the calculation of forward-forward volatilities
offered by the option trader.  After a review of that request, we believe
that it would be better to adopt the change proposed and implemented on the
North American Gas desk.   If  the traders agree and formulate a request, we
will recommend to Rick that he approve it and instruct the operations team to
implement as policy.
Please let me know it you have any questions.
Ted


I am unable to log in the way you suggested.  It is asking for your
sportsline password when I hit the link in your email.  When I go into
sportsline and hit march mayhem, there is no place to enter league name and
password like there is when you go into sportsline fantasy.  Please provide
assistance.
PL


Netscape 4.74 has been rolled out to the Portland office.  After you've
completed a fresh login, you will notice Netscape 4.74 on your start menu.
Just click the Netscape icon and the new version will install automatically.

If you have any problems during this Netscape upgrade, please feel free to
call any IT person.

Regards,
Paul


You have been selected to interview Real Time Candidate Darrin Presto (brother of VP Kevin Presto). Darrin has indicated that he would be available to interview early next week.

With that in mind, I would like to set up the interviews to take place on Tuesday, July 10th, beginning around 10:00am. Each interview would last about 45 minutes (max), so the last interview would finish around 1:45pm. If you are aware of any conflict with this day/time, please let me know as soon as possible. I would like to finalize this schedule today.

If you have any questions, please let me know!

Thanks,
Grace
x8321

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Tuesday, July 03, 2001 3:52 PM
To:	Rodriguez, Grace
Subject:	RE: Wolf -Reply -Reply -Reply

Grace,
Let's go with the usual suspects on this:

Myself,
Greg Wolfe
Ryan Slinger
Chris Foster

Then either:
Murray O'Neill/Chris Stokely/Chris Mallory

Thanks,
Bill

 -----Original Message-----
From: 	Rodriguez, Grace
Sent:	Tuesday, July 03, 2001 2:21 PM
To:	Williams III, Bill
Subject:	FW: Wolf -Reply -Reply -Reply

Bill,

Any suggestions as to who should interview Darrin Presto? Let me know and I'll set it up!

Thanks,
Grace

 -----Original Message-----
From: 	Rodriguez, Grace
Sent:	Friday, June 29, 2001 9:23 AM
To:	Fitzpatrick, Amy; Williams, Bill
Subject:	RE: Wolf -Reply -Reply -Reply

Please let me know who you would like to interview Darrin, and when.

Thanks!

-Grace

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Friday, June 29, 2001 7:35 AM
To:	Rodriguez, Grace
Subject:	FW: Wolf -Reply -Reply -Reply

Grace -

Please schedule an interview for this candidate to meet with me, Bill and anyone else that Bill recommends.   We need to treat this one 'right' - he is the brother of a VP in Houston........

Thanks!
Amy

 -----Original Message-----
From: 	Wolfe, Greg
Sent:	Friday, June 29, 2001 6:53 AM
To:	Williams III, Bill; Fitzpatrick, Amy
Subject:	FW: Wolf -Reply -Reply -Reply

Bill/Amy:

Attached is Darrin Presto's resume. I have met Darrin in the past and based upon my first impression he would be a good candidate for real time. Please set up an interview.

Thanks

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Friday, June 29, 2001 5:46 AM
To:	Wolfe, Greg
Subject:	FW: Wolf -Reply -Reply -Reply

Cover letter and resume from my brother are attached.

 -----Original Message-----
From: 	Darrin Presto <Darrin_Presto@RSD.EDU>@ENRON [mailto:IMCEANOTES-Darrin+20Presto+20+3CDarrin+5FPresto+40RSD+2EEDU+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 28, 2001 6:37 PM
To:	Presto, Kevin M.
Subject:	RE: Wolf -Reply -Reply -Reply

Kev,

Here is everything.  Keep me posted.

 - ENRONC~1.DOC << File: ENRONC~1.DOC >>
 - ENRONR~1.DOC << File: ENRONR~1.DOC >>
 - ENRONR~2.DOC << File: ENRONR~2.DOC >>


GISB IS NOW NAESB
GISB is now officially NAESB.  (The actual pronunciation is still undetermined!!!)  I may unintentionally go back and forth between the names -- my apologies in advance.  Also, some things are still officially 'GISB', such as the operating practices.  There is still transition work to be done.  At times it's a bit confusing and has already come up during a subcommittee meeting.  I'm working to keep up with everything in NAESB, at least for a while, to watch for things that affect our quadrant and our processes.
AGA is hosting two meetings in January in Washington, D.C. to discuss the retail gas and retail electric quadrants.
Numerous meetings are being held by organizations such as NERC.  These are being held in response to the FERC order issued December 19 (RM01-12), which addresses standards development for the wholesale electric industry.  If the industry does not agree on a single standards development organization for wholesale electric standards by March 15, 2002, the FERC will either choose one or develop the standards themselves.

GISB (NAESB) UPDATE MEETINGS
Due to current events at Enron and then the holidays, I haven't held these meetings on a regular basis.  I'm working on a regular schedule of meetings.  People have said they want these to continue and prefer them to written updates.  They want to know what's going on in GISB, including what's happening with NAESB.

NOPR ON GISB VERSION 1.5 STANDARDS
I'll work with Nancy Bagot on our comments (due February 1).
The El Paso pipelines will probably comment on standard 5.3.2 (the FERC asked for comments on whether they should adopt GISB's revisions).  They will also get with INGAA to begin coordination of INGAA's comments.
I'll let you know what I hear from other pipelines or other companies.

GISB VERSION 1.5
Assuming the FERC adopts the version 1.5 standards, the implementation date for the title transfer tracking (TTT) standards is April 18, 2002.  I'll work with the pipelines to ensure we're ready.  As I recall, we've been in compliance with the proposed standards for a while.  It would be a good idea to double check.
The implementation date for the remainder of the standards could be as early as June 1, 2002.
I'm working to determine the best way to update our copy of the version 1.5 standards to incorporate the corrections noted in the errata.  It is very unlikely that GISB will correct the standards books.  Other than the pipelines, none of the EC representatives have voiced a concern or an interest in having the books corrected.  It will be difficult for our people (business and technical) to use separate documents (the standards books and the errata) when implementing.  And, it will create greater opportunities for error.

TRANSACTIONAL REPORTING
I'm working with the IR chairs to finalize the data sets.  Next, Technical will develop code values to be used on our Web sites.  The data sets will then be sent to the EC for vote (EBB implementation only at this time) and will probably be included in version 1.6, scheduled for publication on July 31, 2002.  Technical will develop the EDI implementation guides, which will be part of a later publication.

INFORMATION REQUIREMENTS
ENA has said that they will not continue to chair IR.  They may try to participate.  This leaves IR with only one chair.  Dale Davis and I are filling in the gap.  I'm not chairing any meetings -- I'm only helping outside the meetings.  We have a candidate in mind for IR chair and we're working to bring him up to speed as quickly as possible.  The current chair still is not working out, but the new chair should be able to handle the position and run IR.  The better job the IR chairs do, the less I have to do.
We are also working on a few of IR's processes.  This will help to avoid another errata situation like the one we have with version 1.5.  The more complete IR's work product is, the less the NAESB office has to handle it and, therefore, the less they can mess it up.

GISB PUBLICATION PROCESS
The task force that is working on the publication process (PPRTF) is picking up speed again (after the holidays).  This group is addressing not only the publication process, but also the approval process for standards.  We meet via conference call every Tuesday and Friday for 1/2 day.  Our work product is due to the EC in time for their February 2002 meeting.  As with IR, the results should help avoid another massive errata, as we have for version 1.5.


Confidential

I will send you updates

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 08/04/2000
09:12 AM ---------------------------

	Enron North America Corp.

	From:  Airam Arteaga                           08/04/2000 09:10 AM

To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Vector Pipeline write-up by D. Baughman.


If you don't hear from me by 1245, I probably won't be having lunch.


Dan,

Thanks for the drafts.  I believe our only comment comes from our
confirmation desk that the Commodity Reference Price in Enron3.doc should be
"OIL - WTI - NYMEX".  Give me a call (713-853-7459) if you have any questions.

Mark

	Enron Capital & Trade Resources Corp.

	From:  carrd2@tdcibg.com                           07/21/99 04:27 PM

To: Jung-Suk Suh/HOU/ECT, Mark - ECT Legal Taylor/HOU/ECT
cc: Ann_P._Scully@TDBANK-US.tdsecurities.com, jonesd2@tdsecurities.com,
ferguv@tdsecurities.com
Subject: Amended trade confirmations

Jung / Mark,

I've attached amended trade confirmations in connection with the June 29/99
swaps, black-lined to show Enron's requested changes.  Please note that
moving one of the swaps under the TD Bank ISDA agreement will require a new
guarantee from Enron Corp. (I imagine you'll simply duplicate the guarantee
provided for the TD Texas swap?) - can you please forward same to Anne
Scully in Houston.

Please give me a call at (416) 983-9473 once you've had a chance to review
the attached.

Thanks,
Dan

(See attached file: Enron2.doc)  (See attached file: Enron3.doc)

 - Enron2.doc
 - Enron3.doc


At 12:55 pm, I received a call from Gene Nowak, one of Trailblazer's capacity release coordinators, to notify ENA that the pipeline will not allow ENA to post our capacity for temporary release on Friday, January 25th.  This is "Trailblazer's decision for now, however, they will look at it again on Monday".

History - Action Item from the 9 am meeting on Friday -- Release the Trailblazer capacity for 2/1/02 through 9/30/02 with no prearranged bidder

At 11:00 am on Friday, January 25th, I tried to post ENA's Trailblazer capacity for temporary release through the  pipeline's website.  I was not able to electronically access the contract, and post the contract for capacity release.  It appeared that ENA was locked out from using the capacity release portion of the website.

I notified Steve Van Hooser of the situation and he called Emory Biro to discuss the issue.

After Trailblazer returned my call, Gene Nowak confirmed that the pipeline had blocked ENA's ability to release the Trailblazer capacity.  This began earlier in the week after my Tuesday afternoon conference call with Joan Solund and Andy Edling.  TBPL wanted to make sure that there was no misunderstanding about their legal stance that contracts had to be assumed, prior to posting the capacity for release.

I restated ENA's position that we wanted to exercise our contractual right to release this capacity as per TBPL's tariff and the FERC's regulations.  We wanted to have the posting happen Friday afternoon so that the four business day posting requirement could be met and the capacity be awarded effective February 1, 2002.  I also told Gene that we were not allowed to make the release that ENA was prepared to address this issue with the FERC.  Gene confirmed the details of what our proposed release and went to discuss the situation with his supervisor.  I told him that Steve was probably already talking to Emory.

At 11:40I left a phone message with Mark Kissell informing him of what had happened and what was our intention if we were denied posting the capacity for release.


1 of
D. Autry  31
M. Pittman  31

2 of
H. Moore 31
D. Jackson 21
J. Graham 11


Kevin,

Thanks.

Vince

Kevin G Moore
11/03/2000 06:00 AM
To: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
cc:
Subject: Re: Avistar Training for Vince Kaminski

Goodmorning Vince ,

I will inform you as to when the training will take place,
if your schedule does not permit you to attend I can
arrange training according you your schedule.

                                        Thanks
                                    Kevin Moore

Vince J Kaminski
11/02/2000 02:58 PM
To: Kevin G Moore/HOU/ECT@ECT
cc:
Subject: Re: Avistar Training for Vince Kaminski

Kevin,

I would like to take the class as well.

Vince

Kevin G Moore
10/31/2000 06:34 AM
To: Phillip Daigle/Corp/Enron@Enron, Cedric Belt/Corp/Enron@Enron, Paige
Cox/Corp/Enron@Enron, Jose Marquez/Corp/Enron@ENRON, Mike A
Roberts/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Avistar Training for Vince Kaminski

Actually , Mike Roberts , Jose Marquez and myself will need the basics.

  This will be greatly appreciated.

Please get with me on a time whereby I can inform the others.

                                                                 Thanks
                                                              Kevin Moore

---------------------- Forwarded by Kevin G Moore/HOU/ECT on 10/31/2000 07:28
AM ---------------------------

Paige Cox@ENRON
10/30/2000 02:30 PM
To: Phillip Daigle/Corp/Enron@Enron
cc: Cedric Belt/Corp/Enron@Enron, Kevin G Moore/HOU/ECT@ECT
Subject: Avistar Training for Vince Kaminski

Philip,

Please schedule some time with Kevin Moore (34710) to go up to 3240D and
train Vince Kaminski on the Avistar system. Please show Vince and Kevin the
basics, and take them the documentation as well.

Kevin has left for the afternoon. Please call him in the morning (Tuesday) to
schedule a time

Thanks

Paige


Attached is our nomination form for the Griffith Power Plant for gas day
Thursday, January 31, 2002.

Please let me know if you have any questions.

Thanks!
MaryAnne Schneider
office #  801-537-3985
cell #    801-580-1466

(See attached file: NOMS_01_31_02.xls)
 - NOMS_01_31_02.xls


Per instructions from Brant Reves in Credit dated 5/15/98 (a copy of which
has just been provided to me by Global Contracts), please inactivate the
Master Agreement [ERMS] with the referenced counterparty.  It appears Aurora
Natural Gas Systems LLC is a dba for Aurora Natural Gas, LLC.  We have an
ISDA Master Agreement dated 1/20/00 in place with Aurora Natural Gas, LLC and
all financial business should be transacted under such ISDA Master.  Further,
per Brant's instructions, all trades done with Aurora Natural Gas Systems,
LLC should be moved to the correct legal entity, Aurora Natural Gas, LLC.


Tanya:
This coming Friday Sara and I are going to walk the legal assistants through
some basic concepts with respect to the ISDA and CSA Schedules and
confirmations.  Do you think that we should invite some of the newer credit
people to this and if so, who?  Some of this will be a repeat of what we did
a few weeks ago but at a more basic level.  We were thinking that it may be
beneficial for Nidia Mendoza and Cathy Tudon.  Let me know what you think.
Carol


Jayshree--here are some additional comments on the draft NNG teaser.  Kevin forwarded it to me.  Have you had any luck getting answers to the questions raised in your Feb. 8 email?  I'm happy to try to find the right people to discuss those issues if that would be helpful.  DF


TODAY'S HEADLINES
The New York Times on the Web
Thursday, December 27, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

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QUOTE OF THE DAY
=========================
"I don't like people knowing my business, but to be a viable
farmer you have to have government support."
-JOHN DOLLINGER, who raises corn in Minooka, Ill.

http://www.nytimes.com/2001/12/27/national/27FARM.html?todaysheadlines

NATIONAL
=========================
Passenger With Shoe Bombs First Only Raised Eyebrows

Even after wrestling him to the ground and sedating him,
most passengers on Flight 63 thought the man who had tried
to light his shoes on fire was merely a crank.
http://www.nytimes.com/2001/12/27/national/27FLIG.html?todaysheadlines

-----

New Guidelines Permit Some Sweets for Diabetics

The American Diabetes Association said on Wednesday that
people with the disease could eat sweets occasionally, as
long as they kept their blood sugar levels under control.
http://www.nytimes.com/2001/12/27/health/27DIET.html?todaysheadlines

-----

Toddler Reported Abducted in Bus Terminal

Scores of detectives scoured the Chicago region on Wednesday
for a 16-month-old girl who they believe was abducted from
a crowded downtown bus terminal on Christmas Eve.
http://www.nytimes.com/2001/12/27/national/27GIRL.html?todaysheadlines

-----

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http://ads.nyt.com/th.ad/th-audible112/audibletext12.27.html/?_RM_REDIR_=http://www.audible.com/nyt/special39
\---------------------------------------------------------/

INTERNATIONAL
=========================
U.S. Putting Off Plan to Use G.I.'s in Afghan Caves

The United States military is offering incentives to get
Afghan forces to take the lead in searching the caves of
Tora Bora for traces of Osama bin Laden.
http://www.nytimes.com/2001/12/27/international/asia/27MILI.html?todaysheadlines

-----

Powell Tries to Ease Tension as Kashmir Pressure Builds

Secretary of State Colin L. Powell telephoned leaders in
India and Pakistan twice each on Wednesday, urging them to
calm the tensions between the two nations.
http://www.nytimes.com/2001/12/27/international/asia/27DIPL.html?todaysheadlines

-----

A Gaunt bin Laden on New Tape

A new videotaped statement from Osama bin Laden that
purports to have been made in late November or early
December shows the terrorist leader tired and gaunt.
http://www.nytimes.com/2001/12/27/international/asia/27TAPE.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Late Shopping Gives Retailers a Slight Boost

A surge of last-minute shopping may have given the nation's
retailers and the economy a small boost, according to
reports on holiday sales released on Wednesday.
http://www.nytimes.com/2001/12/27/business/27SHOP.html?todaysheadlines

-----

America West Seeks Loan Guarantee to Avoid Bankruptcy

Three months after Congress created a board to distribute
$10 billion in federal loan guarantees to help the airline
industry, the first application is coming down to the wire.
http://www.nytimes.com/2001/12/27/business/27AIR.html?todaysheadlines

-----

Several Issues Combine to Cause Biggest Oil Price Jump of
the Year

Prices for crude oil recorded their largest jump of the year
as traders became increasingly convinced that oil-producing
nations would follow through on plans to cut production in
January.
http://www.nytimes.com/2001/12/27/business/27PLAC.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
In Rewritten Internet Fables, the Late Bird Gets the Worm

IWon is among a small group of Internet companies that have
managed, by not overextending themselves, to survive and
pick gems from the remains of the fallen dot-com giants.
http://www.nytimes.com/2001/12/27/technology/27WEB.html?todaysheadlines

-----

Year of Living Geekily: Even the Dogs Evolved

For observers of human nature, the end of the year presents
a golden opportunity for spotting geeks in their native
habitats. So where were they in 2001?
http://www.nytimes.com/2001/12/27/technology/circuits/27STAT.html?todaysheadlines

-----

And the Password Is . . . Waterloo

Even those who are vigilant about guarding passwords may be
giving away more than they think.
http://www.nytimes.com/2001/12/27/technology/circuits/27PASS.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Security Issues Called a Focus of Next Budget

President Bush will propose billions of dollars in security
initiatives in his new budget, White House officials say.
http://www.nytimes.com/2001/12/27/politics/27RIDG.html?todaysheadlines

-----

Guard for Bush Isn't Allowed Aboard Flight

An Arab-American member of President Bush's security detail
was denied passage on an American Airlines flight on
Tuesday evening.
http://www.nytimes.com/2001/12/27/national/27AGEN.html?todaysheadlines

-----

Bush Ponders Tough Issues at Ranch

While vacationing in Texas, President Bush must consider the
next target in the war on terrorism, the fate of John
Walker Lindh and how to jump-start the economy.
http://www.nytimes.com/aponline/politics/AP-Bush.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Deferred Money Creates Snag in Deal for Vaughn

A snag developed in the Mets' attempt to restructure the
remaining years of Mo Vaughn's contract, delaying a
potential trade between New York and the Angels.
http://www.nytimes.com/2001/12/27/sports/baseball/27METS.html?todaysheadlines

-----

Nuggets' Issel Resigns

Dan Issel resigned as head coach and president of the Denver
Nuggets, two weeks after he started a national furor by
using an ethnic insult toward a fan.
http://www.nytimes.com/2001/12/27/sports/basketball/27ISSE.html?todaysheadlines

-----

Kidd Powers Nets Over Cleveland

After his team had blown a 25-point third-quarter lead and
let it slip to 2 points with a minute to play, Jason Kidd
willed the Nets to a win over the Cavaliers.
http://www.nytimes.com/2001/12/27/sports/basketball/27NETS.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Pompeii's Erotic Frescoes Awake

Buried in A.D. 79, Pompeii's recently restored frescoes are
going public again on Jan. 19.
http://www.nytimes.com/2001/12/27/arts/design/27POMP.html?todaysheadlines

-----

What's in a Band's Name? Plenty if It's Anthrax

Slowly emerging from the Get What You Asked For file,
Anthrax has been humbled by its ironic   association with
terrorism.
http://www.nytimes.com/2001/12/27/arts/music/27ANTH.html?todaysheadlines

-----

Turning the Camera on a Life Marred by a Deadly Prank

Nearly 20 years ago Peter Wade was part of a late-night
prank that caused the death of a Conrail conductor. Now he
is an American success story.
http://www.nytimes.com/2001/12/27/movies/27WADE.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Quality of Life Is High Priority for Bloomberg

Mayor-elect Michael R. Bloomberg announced on Wednesday that
his administration would make "a major effort" to roll back
such offenses as prostitution and panhandling.
http://www.nytimes.com/2001/12/27/nyregion/27BLOO.html?todaysheadlines

-----

Hard Questions for Movement to Shut Indian Point

As a broad coalition unites to close the Indian Point
nuclear power plant, which is 30 miles north of Manhattan,
the movement's leaders face some tough choices.
http://www.nytimes.com/2001/12/27/nyregion/27NUKE.html?todaysheadlines

-----

$700 Million in Federal Aid Will Go to Affected Businesses

Gov. George E. Pataki announced a plan on Wednesday to
distribute $700 million to businesses in Lower Manhattan.
http://www.nytimes.com/2001/12/27/nyregion/27REBU.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Office Pool, 2002
By WILLIAM SAFIRE
Predict what will happen in the news in 2002 by answering
these multiple choice questions.
http://www.nytimes.com/2001/12/27/opinion/27SAFI.html?todaysheadlines

-----

A Doctor's Story
By BOB HERBERT
An Afghan doctor was imprisoned and tortured by the Taliban
before he escaped and fled to the United States.
http://www.nytimes.com/2001/12/27/opinion/27HERB.html?todaysheadlines

-----

Textiles and Terrorism
By LAEL BRAINARD
Trade policy that aims to protect America's textile and
apparel industry prevents poor countries from getting
richer and therefore hurts national security.
http://www.nytimes.com/2001/12/27/opinion/27BRAI.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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$2.8 million.

Herman Manis
12/11/2000 10:53 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: ENA / Coral Turbine Transaction

What is the current gain estimate on this deal?

Kay Mann
12/11/2000 10:37 AM
To: Lisa Bills/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, Roger
Ondreko/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON, Matthew F
Gockerman/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT
Subject: ENA / Coral Turbine Transaction

Hot of the press.  This should be very close to the last version.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 10:36
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 12/11/2000 09:53:03 AM
To: "'gkutzschbach@fulbright.com'" <gkutzschbach@fulbright.com>,
"'areynaud@coral-energy.com'" <areynaud@coral-energy.com>,
"'dwhaley@coral-energy.com'" <dwhaley@coral-energy.com>,
"'TSeigler@coral-energy.com'" <TSeigler@coral-energy.com>
cc: "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>,
"'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Keffer, John"
<JKeffer@KSLAW.com>

Subject: ENA / Coral Turbine Transaction

 <<2R6LRED.DOC>>  <<2RM3RED.DOC>>  <<2RLSRED.DOC>>  <<2R6KRED.DOC>>

We have enclosed the following documents for your review:

 1. Revised draft dated 12-11-2000 of the Letter Agreement for
CA Energy Development I, LLC, marked to reflect revisions from the draft
circulated by King & Spalding on 12-09-2000;

 2. Revised draft dated 12-11-2000 of the Letter Agreement for
CA Energy Development II, LLC, marked to reflect revisions from the draft
circulated by King & Spalding on 12-09-2000;

 3. Revised draft dated 12-11-2000 of the Letter Agreement for
CA Energy Development II, LLC pertaining to the transformer, marked to
reflect revisions from the draft circulated by King & Spalding on
12-09-2000; and

 4. Revised draft dated 12-11-2000 of the Liability Company
Agreement of CA Energy Development I, LLC, marked to reflect revisions from
the draft circulated by King & Spalding on 12-09-2000.

We still need confirmation of the name of the last director for the LLC and
the date for exercising the call/put option in Section 6.2 of the LLC
Agreement.  Please advise at your earliest convenience.  Thank you.

Carolyn M. Campbell
King &  Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures: 128541vR13/12
  129099v4/3
  129088v5/4
  128540v9/8

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reliable, but we do not represent that it is accurate or complete.  Nothing
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- 12-4-2001.xls


I just know you are going to call that lady that Andy was talking about today.


Melanie

In general, Enron would prefer all matters with respect to power go to
arbitration for all issues.  When we first started trading power we limited
arbitration because we were uncertain where/how the market was going.
Accordingly, we limited arbitration to financial matters only.  I only raised
the issue last week because the scope of arbitration came up in another case
and we were uncertain whether an issue of proper termination would be subject
to the arbitration provision or not.  In conclusion, based on today's
policies (arbitrate everything), I would not think that there would be any
reason for us to be concerned with preserving  an argument of limited
applicability of the arbitration language found in the PCA Master.

I briefly reviewed your draft answer and will fax the comments to you shortly.

Thanks
Elizabeth


COMPANY UPDATE - RECENT NEWS

from STOCKFIRST and TheInvestorOnline
www.stockfirst.com
www.theinvestoronline.com
____________________________________

Avery Communications Inc.
Symbol: OTCBB - ATEX
Recommended: 05/14/01 - $.58
Target: $2.50
52 Wk Range: $.38 - $2.375
____________________________________

Avery Communications Inc. Enters Into Management Support and
Asset Purchase Agreements With OAN Services Inc.

Avery Communications Inc. (OTCBB:ATEX), a provider of
customer care and billing services, announced that, through its
wholly owned subsidiary, ACI Telecommunications Inc. (``ACI''), it
has entered into a management support and post-petition financing
agreement with OAN Services Inc. (``OAN'') and has reached a
definitive agreement to acquire certain assets from OAN for $19.7
million.

Located in Northridge, Calif., OAN is a competitor of HBS Billing
Services Inc., Avery's local exchange carrier billing clearinghouse
operation in San Antonio. OAN Services filed a petition for
reorganization under Chapter 11 of the federal Bankruptcy Code in
the U.S. Bankruptcy Court on May 25, 2001. Both the management
support and the asset purchase agreements are subject to
Bankruptcy Court approval.

The management support agreement with OAN provides for ACI
management to assist OAN in operating its business during the first
90 days of the bankruptcy period. Under this agreement, OAN's
customers are assured that there will be no disruption of services
during the post-petition period and that payments relating to those
services will be made promptly in the ordinary course of business.

ACI has also agreed to provide debtor in possession financing to
OAN in order to maintain an orderly transition of the business.

Under the asset purchase agreement, ACI has agreed to pay
approximately $19.7 million consisting of a combination of assumed
liabilities, debtor in possession financing and cash. OAN assets to be
purchased include customer contracts, local exchange carrier
contracts for providing billing services, certain hardware and
software technology, and a customer care call center.

``We are pleased to be able to assist OAN's management and
customers during this challenging period,'' commented Patrick J.
Haynes III, chairman of Avery. ``Our focus in this transaction is to
provide financial stability for OAN's creditors and continuity of
services for their customers.

``The potential combination of OAN and HBS will position us as a
market leader in the LEC clearinghouse market with an unrivaled
depth of services and the highest quality of support for our
customers. The synergies created by the combination will reduce
overall operating costs and provide additional revenues to meet our
growth objectives. This transaction meets our investment criteria for
growth opportunities within the LEC billing clearinghouse market.''

``While we regret having to take this action, we believe it ultimately
will be in the best interests of all stakeholders,'' said Harvey Berg,
president of OAN Services.

``OAN's primary concern remains continuity of service for its
customers, and Avery's involvement helps achieve that objective. In
addition, the OAN/Avery combination will be much stronger, with
the necessary resources that enable it to thrive in a highly
competitive environment.''
__________________________________

Avery Communications Inc. Enters Into Agreement With
Qorus.com Inc. to Acquire Aelix Assets

Avery Communications Inc. (OTCBB:ATEX), a provider of
customer care and billing services, announced it has reached a
definitive agreement with Qorus.com Inc. to acquire the messaging
assets of Qorus.com Inc., known as ``Aelix,'' a global notification
and messaging clearinghouse for Customer Relations Management
(CRM) services.

The consummation of this transaction will be subject to a number of
conditions, including appropriate regulatory approval, the
affirmative votes of shareholders of the selling company, and receipt
of fairness opinions.

``The proposed transaction is consistent with Avery's business
expansion strategy to leverage our expertise of providing billing and
customer care solutions to the telecommunications industry to other
industries and immediately positions us with established global
partners in the travel and hospitality markets. This transaction
supports management's growth objectives without a significant
dilutive impact on earnings,'' commented Patrick J. Haynes, III,
chairman of Avery Communications.

``Qorus has begun to pursue other business opportunities to
leverage its expertise in information communications,'' according to
Thomas C. Ratchford, Qorus' chief financial officer. The new
business opportunities will likely focus in the business services area.
``We hope to reposition Qorus as a leader in one or more business
service areas. There have been opportunities to add value to
profitable cash-flow businesses,'' he said.

``We are excited about the prospect of becoming a part of Avery
Communications Inc. This acquisition progresses Aelix from a
venture capital stage company to an operational business subsidiary
of an organization with a much stronger financial base,'' said Aelix
Chief Executive Officer Wesley N. Waite, Sr. ``To assure continuity
within our industry we will maintain the Aelix corporate identity and
continue to offer our OmniReach(SM) product.

``The additional financial and technical resources available from
Avery should increase our efforts to develop next-generation
platforms that target enhanced services capabilities and product
offerings. I believe the strength of Avery will substantially increase
our penetration of the travel and hospitality markets.''

OmniReach(SM), Aelix's flagship product, enables secure,
real-time, bidirectional communications between companies and
their customers via a number of different media and devices
worldwide. The company currently provides services to Hilton
Hotels (NYSE:HLT - news) and Northwest Airlines (NYSE:NWA -
news). A complete list of recent news releases can be found at
www.aelix.com/apress.htm.

About Aelix Inc.

Founded in January 2000 in Los Angeles, Aelix is a provider of
intelligent communications solutions to enterprises, notably in the
travel and hospitality, financial services and electronic commerce
sectors. The company's solutions are a key enabler of improved
Customer Relationship Management (CRM), supply and demand
chain management, and sales force automation for a growing
number of Fortune 500 companies.

Aelix delivers its carrier-grade services through an ASP (Application
Service Provider) business model. The company's strength is
identifying best-of-breed Internet Protocol (IP) applications and
integrating them into easy-to-deploy, customizable solutions that
deliver measurable value to enterprise and service provider
customers.

__________________________________

About Avery Communications

Avery is a service company engaged in providing customer care and
billing services, including billing and collection clearinghouse
services for inter-exchange carriers and long-distance resellers,
through its operating subsidiary HBS Billing Services.

HBS Billing Services' customers consist primarily of direct-dial
long-distance telephone companies. The company's clearinghouse
operations are based in San Antonio, where it maintains billing
arrangements with approximately 1,300 telephone companies that
provide access lines to, and collect for services from, end users of
telecommunication services.

HBS Billing Services processes transaction records and collects the
related end-user charges from local exchange carriers for its
customers. HBS also provides enhanced billing services for
transactions related to providers of premium services or products
that can be billed through the local exchange telephone companies,
such as Internet access, voice mail services and other
telecommunications charges.

Certain statements contained in this document may be deemed to be
forward-looking statements under federal securities laws, and Avery
intends that such forward-looking statements be subject to the safe
harbor created thereby. Such forward-looking statements include,
but are not limited to, risks as detailed from time to time in Avery
Securities and Exchange Commission reports, including its
registration statements on Form SB-2, quarterly reports on Form
10-QSB, current reports on Form 8-K and annual reports on Form
10-KSB.

__________________________________
Contact:

     Investor Network Co., Downey, Calif.
     Bill E. Young, 888/887-6512 (toll-free)
     www.averycommunications.com

Please go to www.theinvestoronline.com/research/atex051401.html
to see a complete Research Report.

_____________________________________________________
IMPORTANT DISCLAIMER

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providing information on selected public companies.

Any company profiled by TheInvestorOnline pays cash or stock
consideration for the electronic dissemination of the company's
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You are currently subscribed to stockfirst as: alewis@ect.enron.com
To unsubscribe send a blank email to leave-stockfirst-37848R@mail.stockadvisor.ws


so - here's the synopsis - everything is business as usual - we have alot of cash and almost all of our counterparties are supporting us 100% - we are about to get more credit lines within a few hours - it's going to be rough but everything being done right now is to protect the gas and power trading businesses and we will be the best compensated people in the company.

-----Original Message-----
From: Kuykendall, Patrick M. [mailto:PKuykendall@wm.com]
Sent: Tuesday, October 30, 2001 10:54 AM
To: Kuykendall, Tori
Subject: FW:
Importance: High

Here are Jake's thoughts on the situation.  Chris said he would be willing
to take you to lunch - completely under the radar if you can break away
sometime.  He said you can also just call him at home to discuss how the
environment is (team vs. individuals focused on bonuses).  He also indicated
the package for your level is in the six figures.  I have all his
information if you need it.  By the way, he reports up through Randy right
now...

On another topic.  Rick Riley thinks we are about to see capitulation in
Enron.  He thinks we should through out a number we are comfortable with and
when the stock comes down hard, it will take the number out (10K shares a $9
is what he recommends).  He also believes it will be a short-lived hard
drop. Then the stock will spring back up very quickly (I suppose he means to
above book value) and underperform the market for six months.  He thinks
Enron employees who stay on board will be rewarded handsomely..

-----Original Message-----
From: Jake Hadix [mailto:jhadix@calpine.com]
Sent: Tuesday, October 30, 2001 10:33 AM
To: Kuykendall, Patrick M.
Subject: RE:

I have heard that a couple of companies have stopped trading with them, but
I don't know which ones.  I don't think the banks will let the company
totally go down, but I do think they are in for a rough ride over the next
year or so.  The problem is that Enron is such a huge player in the energy
markets that the market is fairly illiquid and inefficient without them.
Therefore, it is in everyone's best interest (including the banks and
counterparties) for Enron to make it out of this.

-----Original Message-----
From: Kuykendall, Patrick M. [mailto:PKuykendall@wm.com]
Sent: Tuesday, October 30, 2001 10:02 AM
To: 'Jake Hadix'
Subject: RE:

Beginning to get real nervous about the big E.  It's below book value now
and there is no bounce in sight.  I can't imagine what kind of interest rate
a
bank would slap on Enron right now in their dire situation for money.

-----Original Message-----
From: Jake Hadix [mailto:jhadix@calpine.com]
Sent: Tuesday, October 30, 2001 8:11 AM
To: Blaine Stribling (E-mail); Kyle Richardson (E-mail); Lou Fernandez
(E-mail); Mitch Cornette (E-mail); Kuykendall, Patrick M.; Rick Medford
(E-mail); Susan Hadix (E-mail); Tony Massoth (E-mail); Tori Kuykendahl
(E-mail); Vernon Jones (E-mail)
Subject: FW:

-----Original Message-----
From: Matthew Berend
Sent: Tuesday, October 30, 2001 8:03 AM
To: Tiffany Elliott; Jake Hadix; David Raphael; Jack Yao
Subject:

note - don't open if it is not warranted or welcomed


Iris,

Yu can reach me on my cell phone during the coming holidays.
713 410 5396

Vince


Will talk with you tonight.

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


Nailia and I are taking care of circulation of relevant material from Energy
Council of Mon. and Tue. this week. She is also following the EU-Russia
energy dialogue.
Would either of you like to flip through the 135 page Competition Report and
let others in the group know your conclusions (in less than one side A4!!)?
By the way, you should meet each other, as soon as Brendan makes it to London
or when Jan next comes to Brussels.

---------------------- Forwarded by Peter Styles/LON/ECT on 05/17/2001 05:09
PM ---------------------------

Nailia Dindarova
05/15/2001 03:17 PM
To: Peter Styles/LON/ECT@ECT
cc:

Subject: Information on Energy Council

Please see the documents from Amaia including Council Conclusions plus
Competition Policy Report.
---------------------- Forwarded by Nailia Dindarova/LON/ECT on 15/05/2001
14:03 ---------------------------

Amaia BeteluBazo <Amaia.Betelu@citigatepa.com> on 15/05/2001 14:07:53
To: "Nailia Dindarova (E-mail)" <Nailia.Dindarova@enron.com>
cc: Thierry LeBeaux <Thierry.Lebeaux@citigatepa.com>

Subject: Information on Energy Council

Dear Nailia,

Please find attached the first conclusions of the Energy Council which took
place yesterday. You will note that the Council intends to take a position
on the proposals for the opening of the energy internal market by the
Barcelone Council in spring 2002. We will contact several permanent
representations and the Presidency of the Council to ask about Member
States' positions on this issue.

Attached you will also find the agenda for the EU-Russia summit on 17 May.

I also include the 30th Annual Report on Competition Policy which deals with
the competition policy in general and by sectors, issued today by the
Commission. The report states that competition in the energy markets will be
introduced if the following  conditions are met:
* suppliers are free to compete for customers;
* customers are free to change suppliers;
* an effective, non-discriminatory and cost reflective TPA regime is
introduced and maintained.
The report also deals with the proposal for a new Regulation dealing with
articles 81 and 82 of the Treaty, setting out the competition rules
applicable to restrictive agreements, decisions and concerted practices, and
abuses of dominant positions.

Would you require further information, please do not hesitate to contact us.
Regards,

Amaia

 <<MEMO- EU-Russia 15.05.01.doc>>  <<MEMO- Results of the energy Council
14.05.01.doc>>  <<XXX Report on competition policy.pdf>>

 - MEMO- EU-Russia 15.05.01.doc
 - MEMO- Results of the energy Council 14.05.01.doc
 - XXX Report on competition policy.pdf


Attached please find the following documents:

Thanks,
Lydia

x3-9338


pls forward to all TW and NN legal attorneys and staff--Hou and OMa.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/03/2001
04:04 PM ---------------------------

Michael Moran
01/02/2001 02:22 PM
To: Drew Fossum/ET&S/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Louis
Soldano/ET&S/Enron@ENRON
cc:

Subject: Change of registered agent

FYI
---------------------- Forwarded by Michael Moran/GPGFIN/Enron on 01/02/2001
02:22 PM ---------------------------

Kate Cole
12/20/2000 09:27 AM
To: John Ale/HOU/AZURIX@AZURIX, AL ALEXANDERSON/ENRON@enronxgate, Charles
Cheek/Corp/Enron@ENRON, James Derrick/Corp/Enron@ENRON, Mark
Evans/Legal/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Elizabeth
Labanowski/EPSC/HOU/ECT@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marc Manly/HOU/EES@EES, Jordan
Mintz/HOU/ECT@ECT, Michael Moran/ET&S/Enron@ENRON, Kristina Mordaunt/Enron
Communications@Enron Communications, Eric Newell/EWC/Enron@ENRON, Janet
Place/NPNG/Enron@ENRON, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rex Rogers/Corp/Enron@Enron, Molly Sample/Houston/Eott@Eott, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp/HOU/EES@EES,
Stephen Wallace/Corp/Enron@ENRON, Rob Walls/NA/Enron@Enron, Randy
Young/NA/Enron@Enron, Brenda L Funk/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT,
Mary Ogden/HOU/ECT@ECT, Gina Karathanos/Corp/Enron@Enron, Clement
Abrams/Corp/Enron@ENRON, Ed B Hearn III/HOU/ECT@ECT, Melanie
Curran/EWC/Enron@ENRON, Mary J Heinitz/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT,
Norma Tidrow/HOU/AZURIX@AZURIX, Barbara Hankins/HOU/AZURIX@AZURIX, Robin
Hill/Enron Communications@Enron Communications, Sue Kelly/LON/ECT@ECT,
Michael Slade/LON/ECT@ECT, Lorna Jones/LON/ECT@ECT, David
Bateman/Corp/Enron@Enron
cc: Robert Hermann/Corp/Enron@ENRON, Davis Maxey/Corp/Enron@ENRON, Greek
Rice/Corp/Enron@ENRON, Cullen Duke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Swafford/HOU/ECT@ECT, David DeGabriele/Enron Communications@Enron
Communications, Stephen H Douglas/HOU/ECT@ECT, Danny Wilson/Corp/Enron@ENRON,
David J Williams/LON/ECT@ECT, Becky Stephens/Corp/Enron@ENRON

Subject: Change of registered agent

GREAT NEWS!  Over the past few months we've been evaluating other service
providers to find out if it would be in Enron,s best interests, both
financially and from a service point of view, to change registered agents.
We met with the Litigation Unit to ensure that service of process needs would
be met and, hopefully, exceeded, and we talked with representatives of Enron
tax departments re online information designed to assist the tax preparation
procedures.  We tested all aspects of the proposed services to our
satisfaction, and we worked assiduously with the successful candidate to
ensure Enron-user-friendly websites. We anticipate that there will be a
saving to Enron of approximately $126,000 per year which will be passed
directly to your cost centers.   After much kicking of the tyres we're
terminating our relationship with CT Corporation System in favor of National
Registered Agents, Inc. ("NRAI").  NRAI will prepare, file, and absorb all
costs associated with the Change of Registered Agent.  We anticipate that the
majority of Delaware Change of Registered Agent filings will be effective by
the end of January but be aware that some other states take several months to
handle filings. The database will reflect the change of registered agent as
we receive evidence of filings.  As part of the process a free status check
will determine the good standing of all Enron entities.  We'll be happy to
pass these good standing certificates on to the relevant tax departments.

CT Corporation will remain as agent for those historical entities that were
voluntarily dissolved or withdrawn, and for contracts or agreements where CT
Corporation was named as registered agent for service of process (unless
legal counsel decides to amend the terms.)

NRAI, a New Jersey-based company, was formed 5 years ago by ex-Prentice Hall
managers.  It is now the third largest provider of registered agent services
in the country.   It has a very strong, modern technology platform that
enables it to respond quickly and effectively to its clients' needs, and it
offers a full range of nationwide Corporate, Uniform Commercial Code and
Registered Agent services, and free, unrestricted access to its expansive
document library containing over 6,000 savable forms, official documents and
information charts.

We will continue to provide document ordering services as before but for
those of you whose staff prefer to place their own orders please ask them to
contact me by email so that I can provide access information to the online
NRAI website so that your department can realize the cost savings we have
negotiated.  NRAI is offering training in how to use its website; please ask
your staff to contact me so we can set up a combined training session.

Please let me know if you would like more information on NRAI or on any of
the services they provide.

Happy Holidays!

Best regards
Kate

NOTE: No changes will be made to TNPC entities until approved by Marc Manly.

Tanya Sanford - please circulate this email to your legal assistant contacts.

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: kate.cole@enron.com


It's been changed to Avista.

Evelyn Metoyer@ENRON
04/17/2001 12:44 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 584117 error

deal 584117
Mike Swerzbin

Prebon sent over the confirm for this deal and they are saying the cp should
be Avista not Duke


Any reason we couldn't do this?
-----Original Message-----
From: Calger, Christopher F.
Sent: Sunday, November 25, 2001 7:15 PM
To: Kean, Steven J.
Cc: Sager, Elizabeth; Yoder, Christian
Subject: Potential Dynegy Transactions

Steve,

I think you may have heard a request last week re working closely with Dynegy.  I think we just need to treat them like other counterparties.  Basically, West Power would like to enter into arms length physical power and service transactions with Dynegy.  My understanding is that Dynegy is a separate, unrelated party until the merger closes.  Therefore, we can not "collaborate" with them commercially and our transaction policy is dictated by customary credit, legal and risk management procedures.  Is this correct?   If so, how do you feel about the following?

An Enron customer wants to buy power and related services for one year.  The customer requires Enron to post collateral.  Enron does not want to post collateral but suggests that Enron can provide the product/services to Dynegy and Dynegy can then sell to the customer.  The Enron marketer calls the Dynegy marketer and proposes a "back to back" transaction.   Dynegy adds a small service fee, the Enron/Dynegy contract is executed and a Dynegy/Customer contract is executed.

This type of deal happens frequently - it is usually driven by the third party having better credit, transmission access or a complementary service.  We could do this with anyone, but the obvious choice is Dynegy - customers think it makes sense, and ultimately if we merge we have retained a customer.

Do you think this works?

Regards,

Chris


Internet
B2Bs Rose Hard and Fell Hard Once Before. Time for Act Two?
By Joe Bousquin
Staff Reporter
8/30/00 9:22 PM ET
URL: http://www.thestreet.com/tech/internet/1060952.html

Beware the booming B2Bs.
Several business-to-business stocks rocketed upward Wednesday on little news
as the Nasdaq waffled for most of the day. While some market watchers said
investors were betting on a strong quarter, many analysts couldn't explain
increases of 15% or more in stocks like Commerce One (CMRC:Nasdaq), Ventro
(VNTR:Nasdaq), PurchasePro.com (PPRO:Nasdaq) and Clarus (CLRS:Nasdaq).

Big Day for B2B
Several of the stocks rallied Wednesday on little news.

"You've got me," says Bill Epifanio, B2B analyst at J.P. Morgan. "They're all
going nuts on nothing."
Since earnings season ended, sentiment about B2B stocks has shifted back to
the rose-colored variety in this sector. While this change is based on the
concrete results that companies like Ariba (ARBA:Nasdaq), i2 Technologies
(ITWO:Nasdaq) and FreeMarkets (FMKT:Nasdaq) delivered, investors also may
want to pause and reflect. After all, it was only this past spring that
investors grabbed any B2B stock within reach on hopes of unlimited growth,
only to have them come crashing back down.
Focus
"Before, we were buying stocks on promises of what they could be, and that's
when it got out of hand," says Eric Upin, B2B analyst at Robertson Stephens.
"Now, you've got to focus on which stocks are delivering lots of growth and
revenue."
Upin looks to Ariba and i2 Technologies as examples of companies that are
actually delivering. (He rates both a buy, and his firm hasn't done
underwriting for either.)
Ariba recorded $153 million in deferred revenue in the most recent quarter.
Deferred revenue is money that a company collects before it actually delivers
a product or does its job. It's a good signal, because if people are willing
to pay before a company gives them something in return, it means there's
strong demand. Ariba was up $8, or 6%, to $152.50.
i2 is considered a strong player in supply-chain management software, and it
has a partnership with Ariba and IBM (IBM:NYSE). It climbed $11.13, or 7%, to
$168.75.
Reaching?
But in a possible indication that investors may have just been reaching for
any B2B stock, Ventro finished up $2.69, or 21%, at $15.50 on no news. This
is the same company that upset analysts and investors with a poor
second-quarter performance, with just $1.8 million in net revenue. "Investors
need to be more careful regarding which of the B2Bs they select," adds David
Hilal, a B2B analyst at Friedman Billings Ramsey. "When B2B was at its
highest, any company that used that acronym seemed to perform well. Now, you
have to dig deeper and figure out which ones are the real players in this new
economy."
Meanwhile, one of the most interesting subplots Wednesday involved Commerce
One. On no real news -- there was talk about an already announced deal --
Commerce One shot up $10.88, or 21%, to $63.25.
There's been a lot of chatter about the company lately. Gossips love to talk
about how its partnership with German software maker SAP (SAP:NYSE ADR) might
lead to a merger. Then there's the persistent rumor that the two companies
will soon announce two more Internet exchanges for major industry groups. On
top of that, Covisint, the big auto exchange that Commerce One is helping
build, is setting up to launch near the end of September.
Lump that in with the fact that Commerce One's stock has slouched in Ariba's
shadow lately, add a dash of Wednesday's positive sector sentiment, and
you've got the most active stock on the Nasdaq Wednesday. It traded more than
27 million shares, whereas it usually trades 6.6 million.
Ready to Bolt
Gavin Mlinar, an analyst at Sands Brothers, says the stock has been setting
up for a move for a while.
"September is a big month for them; they have so much on the table for a
potential lift," Mlinar says. He's been crowing about Commerce One since
mid-August, when he said the company was starting to look more attractive
than Ariba on a valuation basis.
And overall, Mlinar contends that conditions were right for a B2B run.
"The emphasis and momentum has clearly been building lately," he says. "There
wasn't much, on a broad basis, since April, and now we're seeing a total
rotation into these names."
Which is just what some observers are cautioning against.


Veronica,
Attached is the amendment to the Dynegy Guaranty for Nicor Energy, L.L.C., which adds financial transactions to the Guaranty.

Please call me if you have any questions.

Stephanie Panus
Enron Wholesale Services
ph:  713.345.3249
fax:  713.646.3490


Thanks for the update.  Let's hope Citizens sticks with you guys for the full term.  Jeff Hodge told me yesterday that he has requested some changes in the ENA/EAMR contract from Lou, but that Lou hasn't called back.  I will assume that you will follow up on that contract and make sure it gets done.  With respect to the monthly fee, I am assuming you will be sending ENA an invoice each month.  Kim Ward at 713/853-0685 will be your contact person if the invoice isn't paid and she will coordinate with our settlements group until we get into a monthly routine.

Let me know if there are any other issues.

Chris

-Original Message-----
From: 	Smith, Sarabeth
Sent:	Wednesday, August 01, 2001 8:09 AM
To:	Soldano, Louis; Foster, Chris H.; Hodge, Jeffrey T.
Subject:	Citizens Agreement with EAMR is now executed

Lou, Chris and Jeff,
The services agreement between EAMR and Citizens for gas control and transaction management services is now executed.
Yesterday afternoon, Citizens faxed the execution pages back to us.  EAMR's original of the agreement is expected in the mail shortly.
Full service under the agreement is beginning today.
Last week EAMR put the total insurance package in place that finally satisfied Citizens' requirements.


Steve, I attach a further draft of the presentation incorporating comments
from John Sherriff.

I have made the following changes:

Cover Page. Listed key themes in the notes
Benefits of Liberalization. Expanded reference to "Improved allocation of
risk"
Benefits- Cost Savings graph. Simplified graph by removing OECD average
Benefits - What went wrong in California. Reworded
Benefits - Improved Customer Choice. Deleted
Policy Goals. Deleted
Successful Transition to Deregulation. Deleted reference to "phased
liberalization"
Successful transition to Deregulation. Replaced reference to "investment"
with reference to "independent regulator"
Transition issues and Solutions. Replaced reference to "Germany" with the
"Netherlands"
Today's New Economy. Deleted reference to "Winner Takes All"
Components of Transformation Process. Moved a number of industries to
"Transformed Markets" category
Enron and the Japanese Market. Referenced broadband
Conclusion. Changed the last bullet point.


From:  Jackie Morgan @ ECT                           04/13/2000 04:38 PM

To: Pat Clynes/Corp/Enron@ENRON, Stella L Morris/HOU/ECT@ECT
cc: Clem Cernosek/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Cheryl
Dudley/HOU/ECT@ECT

Subject: Coastal Oil & Gas USA, L.P. Gas Gathering Agreement

The above referenced contract has been set up in Global as a point specific,
intrastate transportation agreement.
The contract number is 98037831.  The effective date is April 1, 2000.  The
Transaction Agreement is noted in the Processing
Agreement under 96016936.

Let me know if you have any questions.

Jackie


You know ES doesn't work Fridays, so that takes away one day of opportunity
to approve them, plus she hasn't had an assistant.  Maybe things will
improve.  She is very excited about her new assistant.

From: Suzanne Adams@ECT on 05/31/2001 12:04 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

I see that.  She's not real fast on approving things either.  I've submitted
your expense report and Carol's to her.  She hasn't gotten to Carol's yet,
and I did it a few days ago.  Haedicke isn't that fast either.  I don't think
they like all this automation, but it really makes it so much quicker.  I'm
going to be the queen at invoices and expense reports because I do so many of
them.  I like both systems, but then I'm very adaptable.

Did you give me an ok review?

	Kay Mann@ENRON
	05/31/2001 11:55 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

Yes, I'm officially in Elizabeth's group.  I need to ask her for a flat
screen monitor.

From: Suzanne Adams@ECT on 05/31/2001 11:47 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

Ok, sending it in now.  Have you officially been changed to Elizabeth's cost
center?  You aren't in Jeff's time site any more.  I want to make sure I send
it to the correct person.

	Kay Mann@ENRON
	05/31/2001 11:43 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

yes, thanks

From: Suzanne Adams@ECT on 05/31/2001 11:38 AM
To: kay.mann@enron.com
cc:

Subject: Cingular Bill

Kay, I called Cingular to see what was up with your bill.  The last payment
was made the end of March.  Your credit card expired March, 2001.  So, you
are not set up currently for your credit card to be charged.  I'm going to go
ahead and expense this charge and then you'll need to pay it.  If you want it
set up again on your credit card, you have to send Cingular a letter stating
your wishes.

I also changed your address to this building while I had her on the phone.

Is all of this ok with you?>


Hi John,

Please find attached the file with the points of delivery of the gas and the
bid's from the desk.  We need the mid's from the desk.

Thanks,

Dayem


&The future is something which everyone reaches at the rate
of 60 minutes an hour(whatever he does, whoever he be.8  - C.S. Lewis

Watch the Enron Building lobby on Tuesday, April 24th, from 11:30am to 1:00pm
for information on innovative and futuristic technology!

Featuring:
Dr. Peter Bishop, Professor and Chair of the Future Studies Graduate Program
at the University of Houston
Mr. Clay Anderson, Astronaut at NASA
Gadgets & Gizmos by Oxford Technologies
Robotic Display by Students from Yates High School

Special Afternoon Workshop - 1:30pm to 3:30pm
"Images of Enron in 20208 with Dr. Peter Bishop & Amy Oberg
Join Amy Oberg with EES and Dr. Peter Bishop, Chair & Professor of the
University of Houston's Future Program,
to imagine Enron in the year 2020.  Attendees will actively engage in this
participatory workshop with the final summary
to be shared with Mr. Skilling's office.  "Futures tools" will be utilized to
consider Enron's characteristics, culture,
businesses and the world environment and participants will explore how the
future might play out for Enron.
The results of this session will be shared with Mr. Skilling's office.  RSVP
to Jessica at x31918 - space is limited

Word of the Day
prescience \PREE-shuns; PREE-shee-uns\, noun:
Knowledge of events before they take place; foresight.


Randy:
I've given your letter to Tana Jones (853-3399) who will get it signed here
and then coordinate with you in getting it signed.
carol


The trade confirmation for your order(s) is now available online at
etrade.com(sm).
Use the URL(s) below to view (customer log on required).

The information contained in this confirmation shall be binding upon you if
you do not object,
either in writing or via electronic mail, within two (2) days after the
confirmation is first received by you.

Document ID: 20010418023258499580081565
https://trading.etrade.com/cgi-bin/gx.cgi/applogic+accttaxbridge?page=CONFIRM&
cmd=display&doctype=cnf&document_id=20010418023258499580081565


You're invited to search and register:

Tuesday, March 6

Investinme.enron.com is a new tool to help you manage your professional
development.
It brings together the listings of internal programs, as well as access to a
database of
external programs, on-line courses and materials

Double Click  and select launch.

Web site demonstrations
EB 568 on March 5, from 1-5 PM (every hour), and March 6, from 9-5 (every
hour)

Questions?  Please call the EWS Development Center  X 3-0357.


fyi-comments? rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 11/07/2000 05:30 AM
---------------------------

Molly Harris
11/03/2000 05:57 PM
To: Jimmie Williams/HOU/EES@EES, Mark S Muller/HOU/EES@EES, James E
Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES
cc: William S Bradford/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
Subject: New Power Company

Credit recommends offering the following two options to the New Power Company
(NPC) as it relates to Firmwide collateral thresholds:

Option #1 - NPC receives a $10MM collateral threshold with standard
collateral annex terms.

Option #2: - NPC receives a $40MM collateral threshold with standard annex
terms as well as the following two additional required covenants:

a) Liquidity - Maintain minimum liquidity of $300MM, where:
 Liquidity = cash + marketable securities - debt - LCs - third party
guarantees

b) Tangible Net Worth - Maintain minimum tangible net worth, as defined by
GAAP, of $450MM
 Note: TNW will be equal to equity less intangible assets including but not
limited to goodwill, trademarks, etc.

Regards,
Molly