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This may have been announced while I was travelling, but I heard last Friday
that Frank Blake has been offered, and accepted, the position of US DOE
Deputy Secretary.  Frank was General Counsel of the EPA in the second Reagan
Administration, then went to work for GE Power Systems in Schenectady NY.
Most recently, he has been posted to Fairfield, Conecticut, I am told, where
he was working on the GE/Honeywell merger.  mcs


onychophagia (on-i-ko-FAY-juh, -jee-uh) noun

   The practice of biting one's nails.

[From Greek onycho, onyx, nail + -phagia, eating.]

   "If bad-tasting polish, gloves or fake nails haven't cured your
   onychophagia, these tips may help."
   Maria Liberty, Easy, Essential Nail Care, Better Nutrition for Today's
   Living (Atlanta), Mar 1994.

This week's theme: uncommon words with common suffixes.

............................................................................
Books are good enough in their own way, but they are a mighty bloodless
substitute for life. -Robert Louis Stevenson, novelist, essayist, and poet
(1850-1894)

Looking for a word previously featured in AWAD? An alphabetical index is
available at http://wordsmith.org/awad/wordlist.html . For the
chronological archives, visit http://wordsmith.org/awad/archives.html .
Send mail to wsmith@wordsmith.org to get archives by email.

Pronunciation:
http://wordsmith.org/words/onychophagia.wav
http://wordsmith.org/words/onychophagia.ram


Aaron,

Here's a new Commitment Letter, attempting to incorporate the draft
language of Section 2.5 I just received.  I have signed this version and
sent it on to Audrey to hold.

svh

 - 2ACKNO~1.DOC


Here's my understanding of what has happened with the interest rate swaps:

As I indicated earlier, the original $32mm was put on for the Linden 6 expansion which never occurred.
The second swap of $350mm was put on to protect the value of the cash flow from El Paso assuming we would monetize the asset shortly. This hedge does appear to have been set with the El Paso payment stream in mind.
The original $32mm of swaps DID NOT provide a clean hedge to the remaining El Paso cash flows as they were 10 year bullets while the El Paso payment stream is a 7 year monthly amortizer.
However, the $382mm of hedges did approximate notionally the asset to be hedged.

It appears that given the assumption the swaps were to have been monetized in a short period of time, a decision may have been made that unwinding and rewinding the "dirty" interest rate hedge was more expensive than wearing the basis risk for a brief time.
Given that the monetization never occurred, it does appear to me that the $32mm hedge is ineffective and should be removed or replaced if we determine that we should hedge the rate risk associated with the note.

Anyone have anything additional to add? That's the best I could turn up looking back after the fact given the many personnel departures.


From enron's perspective:
Buy 1095 Jan 02 from williams, sell to koch
Buy 550 Feb02 from williams, sell to koch
buy 6/day cal 03 from williams, sell to koch
buy 1/day cal 5 from williams, sell to koch
buy 1/day cal 6 from williams, sell to koch
I will be in a meeting from 3-4:30 so if you can't get to it today I will just call you tommorrow to check it out
Thanks


i know, lets go

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Friday, January 04, 2002 1:57 PM
To:	Maggi, Mike
Subject:

you lied.  fred is still here.


you know i'm out and dave is out of  town

To:	Eric Bass/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver Plachy/NA/Enron@Enron, Michael Walters/HOU/ECT@ECT, reagan_mathews@enron.net
cc:
Subject:	Game tonight

Tonight's game is at 6.  Who's in/out?


Please find below our trip report to NEPCO last week.

Thanks,

Derryl Cleaveland
Global Strategic Sourcing - Operations
Work:  713.646.7024
Cell:  713.301.8980
----- Forwarded by Derryl Cleaveland/NA/Enron on 12/18/2000 04:31 PM -----

	Roy Hartstein
	12/18/2000 12:32 PM

		 To: gregt@NEPCO.com
		 cc: Derryl Cleaveland/NA/Enron@ENRON, James C
Davis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, ron.l.smith@enron.com@Enron,
Amanda Becher/NA/Enron@Enron, John Will/NA/Enron@ENRON, Peter
Goebel/NA/Enron@Enron, Shirley Jo Dickens-Wilson/NA/Enron@ENRON, Michael
Kushner/NA/Enron@ENRON, Daniel Coleman/NA/Enron@ENRON, Tracy
Ramsey/EPSC/HOU/ECT@ECT, Bruce Martin/NA/Enron@ENRON, Janet
Lind/ENRON@enronXgate
		 Subject: NEPCO / GSS Meeting,  December 14th

Greg,

 I really appreciated the time you spent with Derryl and I last week.  It was
an excellent start to developing the significant opportunities that will
benefit both GSS and NEPCO.  I look forward to continuing to work with you to
deliver value to the NEPCO bottom line.

 I have attached meeting minutes from last Thursday's meeting, including
action items for some of the areas we discussed.  One of the action items is
to set a follow up in January for a GSS analytical team to gather data in
your offices, and to begin developing specific supply strategies.  I met with
the other SPLs this morning and identified the team members we would plan to
send.  At the moment we would like to target January 30th and 31st for our
follow-up.  I will work with the team to develop a specific agenda for that
visit and will forward it to you by January 8th.

 Please let me know if you have any additions, deletions or changes to the
attached minutes.

        Happy Holidays,

        Roy Hartstein
        Director, Sourcing Portfolio Leader
        Global Strategic Sourcing


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
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Bob,

Thanks Loop Michael Etringer and Mark Fillinger into this too.

All:

In case folks do  not yet have, here is yesterday's ruling.

GAC


We have received the following power contracts

Hanson Permanente Cement, Inc., Master Electric Energy Services and Sales Agreement dated 8/31/01
City of Mesa Arizona, EEI Master Power Purchase and Sale Agreement dated 9/5/01
International Rectifier Corporation, EEI Master Power Purchase and Sale Agreement dated 9/20/2001

Copies will be scanned into Livelink.


Lorraine -- answers to some of your questions.

Questar Line 90 Company purchased the facilities from ARCO for a total of $38
million.  At the time it made its FERC application, Questar Southern Trails'
estimated cost of 1) purchasing the facilities from Line 90 Company and 2)
converting the line to gas service via the construction of compressor
stations and various pipeline replacements, realignments and extension:  155
million.  I assume you want more detail so I'll have Mike Vannorden get the
relevant exhibits.

Southern Trails proposed to install 7 new compressor stations.  These are
detailed on Table 1 in their application cover letter (on my desk if you want
to take a look).  The various pipeline modifications they proposed to make
are described in some detail on pages 12 - 16.

Available capacity:  120,000 Dth/day in West Zone; 87,500 in East Zone.

I will have Mike send you exhibits I believe might be of interest.


Can we do it without the bonus target.


Molly gets all her picks from "The Living Guide to Picking NFL Winners" by Martha Stewart.  Note on p. 12 of this months version:  Martha shows how to make hanging planters out of the jock straps worn by the front line of the New England Patriots.

-----Original Message-----
From: Scott Laughlin [mailto:scottwl@hotmail.com]
Sent: Tuesday, October 23, 2001 12:06 PM
To: Nancy.Sellers@RobertMondavi.com; mollycoffin@hotmail.com
Cc: skmaloney@yahoo.com; cameron@perfect.com; Jeff_Dasovich@enron.com;
PSellers@pacbell.net
Subject: Re: Pick Sheet - Week 8.xls

No, I want her picks! This is going to start a major bidding war...

>From: Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
>To: "'Molly Coffin (Hotmail)'" <mollycoffin@hotmail.com>
>CC: 'Sean Maloney' <skmaloney@yahoo.com>, Cameron <cameron@perfect.com>,
>Jeff Dasovich <Jeff_Dasovich@enron.com>, "Prentice @ Berkeley"
><PSellers@haas.berkeley.edu>, Prentice Sellers <PSellers@pacbell.net>,
>Scott Laughlin <scottwl@hotmail.com>
>Subject: Pick Sheet - Week 8.xls
>Date: Tue, 23 Oct 2001 08:22:50 -0700
>
>
>
>
>
>
>
>Molly, please fill out this sheet for me!
>
>  <<Pick Sheet - Week 8.xls>>
>
><< PickSheet-Week8.xls >>

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


Group-
WWP is good to buy and sell with us again.
Have fun.

Bill


Mr. Jeffrey K. Skilling
CEO
Enron Corp.
Dear Mr. Skilling:
I am pleased to invite you to attend Rethinking Retail Energy: Market Risks & Opportunities.  To be held June 19-21 at the Royal Sonesta Hotel in Cambridge, MA, this CERA Executive Retreat will bring together leaders from the utility, energy service provider, technology, and financial communities for presentations and interactive discussions on strategic challenges and opportunities in today's retail energy markets.  In addition to CERA's experts, we also have a number of outstanding speakers confirmed, including:
* Bob Dickerman, President, Sempra Energy Solutions
* Kevin Fox, Senior VP & General Manager - Trading, Marketing & Risk Management, Aquila
* Carol Guthrie, Group Manager -- Electricity Supply, Chevron
* John Hughes, Director -- Technical Services, ELCON
* Tony Lopez-Lopez, Chief Energy Operations Officer, SmartEnergy
* Deidre Lord, Director of Operations, AES NewEnergy
* Jim Niewald, Marketing Director, First Choice Power
* Alan Raymond, President, Shell Energy Services
* Martin Wenzel, Vice President - National Energy Sales, Enron Energy Services
To review the most up-to-date agenda and program details, please visit our website at: http://www20.cera.com/event/cambridge  .
The program will begin on Tuesday evening, June 19 with an informal welcome reception and dinner, will continue on Wednesday morning, June 20, and concludes early in the afternoon on Thursday, June 21.  In addition to the timely and insightful presentations, the program also provides substantial opportunities for networking with CERA staff, members of CERA's Retail Energy Advisory Service, and other invited guests.  The current attendee list includes senior representatives of leading companies including:
* AES NewEnergy
* Allegheny Power
* Chevron Energy Solutions
* Cinergy Capital & Trading
* CMS Marketing, Services & Trading
* Detroit Edison
* Entergy Services
* Exelon Energy
* Idaho Power
* Itron
* Mirant
* NewPower Company
* OGE Energy
* Ontario Power Generation
* Peace Software
* Reliant Energy
* Riverstone Holdings
* Schlumberger RMS
* Select Energy
* Sempra Energy Solutions
* Shell Energy Services
* Williams Energy Marketing & Trading
I sincerely hope you will be able to join us.  To register, please complete and return the enrollment form found on the CERA website at http://www20.cera.com/event/cambridge  .
Best regards,
David Gibbons
Commercial Director, Retail Energy
Tel: +1 617 441 1319
dgibbons@cera.com
*****************************************************************
Our relationship with you is very important to us.  If you do not wish to receive future e-mail notifications, please send a reply to this message with "DoNotEmail" as the subject of your message. ( mailto:info@cera.com?subject=DoNotEmail  ) *****************************************************************


Any GCP adjustments will be highlighted in dark red.

Best Rgds.

Samuel Schott
(713) 853-9890 (GCP Team)
(Enron Net Works _ Global Data Management)

From: Tom Moran/ENRON@enronXgate on 04/09/2001 03:38 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications, Stephanie Panus/NA/Enron@Enron
cc: Walter Guidroz/ENRON@enronXgate
Subject: EOL approvals, 04-09-01

Please see attached.


It should be COB S/N.

Kerri Thompson@ENRON
04/04/2001 12:57 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

568843
should the delivery point be cob s/n or cob n/s?

thanks


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 22091
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/SRP-WALC/P. Verde 500 - Mead 230//
POINT_OF_RECEIPT = PALOVERDE500
POINT_OF_DELIVERY = MEAD230
SOURCE = PNM
SINK = NEVP
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = NON-FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = ON_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 06/08/2001
STOP_TIME = 06/08/2001
CEILING_PRICE = 3.50
OFFER_PRICE = 3.50
BID_PRICE = 3.50
PRICE_UNITS = $/MWh
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = BILL.WILLIAMS.III@ENRON.COM
STATUS_COMMENTS =
TIME_QUEUED = 06/08/2001

TIME_OF_LAST_UPDATE = 06/08/2001
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS =
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


http://my.servepics.com/pictures/wtc.pps

-----Original Message-----
From: Andersen, Michael: [mailto:manderse@tosco.com]
Sent: Thursday, September 13, 2001 3:38 PM
Subject: FW: Poem

This one is a little more pleasant.

> Sent to me and thought I would share with  you.
==================================================================?EASY UNSUBSCRIBE click here: http://topica.com/u/?a84vNF.a9iVHm Or send an email To: brcc.yf-unsubscribe@topica.com?This email was sent to: dfarmer@enron.com?T O P I C A -- Register now to manage your mail!http://www.topica.com/partner/tag02/register ==================================================================


Attached is a summary of my notes at the Socal meeting regarding revised window procedures.  No hand-outs were provided.

Calculation of Receipt Point Capacity
Topock  540 mmcf/d
Ehrenberg 1250 mmcf/d
Needles 800 mmcf/d
Wheeler 800 mmcf/d

New Receipt Points
Kramer Junction 200 mmcf/d
Hector Rd 50 mmcf/d
Both will be available around Feb 1

Basis of Pro-Ration-Current Windows Calculation
Currently, Gas Control provides total receipt point capacity comprised of demand forecast and injection capability and compares to maximum amount of gas that can enter system.  Gas Select prorates interstate's receipt capacity based on prior day's nominations.

New Calculation, Changes and Display
Based on operational maximum with adjustments for maintenance.  SoCal ist aking and applying the current formula for Wheeler Ridge to all the points.  Any changes to operational maximum will probably be due to maintenance and posted on Gas Select.  Customer will choose which points it wants to reduce receipts.  Operating maximums will equal demand forecast plus injections.  Demand forecast will rely on Gas Control weather forecast.  They use Weather Bank as one of their tools.

OFO Declaration
Name changes from overnomination
Can declare before any Cycle
Provide 2 hour notice
Post on Gas Select
Show OFO Calculation on Gas Select

Windows
Reason to set windows was to set limits to prevent too much gas from coming into system
Calculation based on noms which does not work well.  Lots of complaints.   People were complaining that it restricted access to the system.  Eliminating point specific calculation.  Open system to Max Oper. Limits or Contractual Limits.   Will continue to operate Wheeler Ridge under Aug 1 procedures.  No changes to Wheeler Ridge.
Due to the need to maintain operational control, an OFO will be declared when scheduled volumes are greater than the max operating capacity on any cycle.
Replace windows with operational maximum volumes.  If  CPUC approves comprehensive settlement, will post 5 days of information to anticipate OFO's
Now customers will elect which point they will back off instead of using windows.

Scheduling Changes-Nov 1
Gas Select is being rebuilt and will be an internet system in mid-2002 .  No direct dial-up.
Rollover noms-noms will be copied from cycle to cycle
Copy confirmed noms
All noms will be rolled over-will not be at discretion of 3rd party.  However, can still make  changes.  Can still upload new files.

2 Hour Notice
Socal will provide 2 hour notice on  Gas Select of OFO.  Other methods include leaving message on Socal Hotline (213-244-3900) and list of e-mail messages that can go directly to pagers.  Gas Select is official notification.  Courtesy notification is hot line and e mail.  Gas Select is a subscriber- based system mandated by CPUC and must get regulatory change to make free.
OFO's are going to be system wide and not customer specific.  OFO's can be declared intraday.  Once OFO declared, it will be kept for entire day.  Concerned that if call off, will have to put back on.  Don't want to go back and forth.  This decision may be reconsidered once they see how it works.  Many times Socal see an increase of 200 mmcf/day between Cycle 3 and 4 so they are concerned.

Scheduled vs. Capacity-Declare OFO
Nominations may not exceed 110% of expected usage.
Expected Usage is defined as usage for the same day for the prior week.  Can revise expected usage.
No interruptible storage injections allowed during OFO.
Use Elapsed Pro-Rata Rules
Expected Usage-cut nominations to 110% of expected usage so will use same day  of the prior week as proxy.  Generators need to revise expected usage.  Acceptance of changes are at the discretion of SoCal.
Flow Day Diversions don't go into effect until after Cycle 4.  Gas Control will determine if flow day diversion will be allowed.
If call OFO after cycle 3 or 4 and have interruptible storage injections, such storage will be prorationed back under the elapsed prorata rules.
Many people were concerned that interruptible storage will be severely compromised.
If OFO called , Interruptible Storage could be cut under the elapsed prorata rules as follows:

Cycle 1    Nom 1000  ; 0 cut
Cycle 2 Nom 1000; 666 cut
Cylce 3 Nom 1000; 500 cut
Windows will only be implemented during cycle 4 if OFO callled after cycle 3 and no improvement is realized.  Will allocate prorata.  Will use latest scheduled volume and will pro rate by receipt point.  In other words, if OFO declared during Cycle 1 and no relief after 3 cycles, Socal will window Cycle 4 and prorata cut. Parties will determine what gets cut on all the other cycles. For penalty purposes, actual burn from 12 o'clock to 12 o'clock will be used to calculate penalties or MAXDQ if not metered.
For OFO, assume supply delivereis day before and burn is the same day for the prior week.  Declare OFO on prior day's scheduled volume.

For an evening declaration-will use most recent available scheduled volumes.  For example:

         Flow Day 10/4                10/3 Scheduled Volumes
Cycle 1                                    Cycle 2
Cycle 2                                     Intraday 1
Cycle 3				evening cyle 2 on 10/4
Cycle 4                                     Intraday 1 on 10/4

In other words, will look at evening cycle 2 scheduled volumes on the 3rd for declaring OFO on cycle 1 for the 4th.; look at intra day 1 for the 3rd in declaring OFO for cycle 2 on the 4th;  look at evening cycle 2 on 10/4 in declaraing OFO for Cycle 3 on the 4th;  look at intraday 1 on the 4th in declaraing OFO on cycle 4 for the 4th.

Winter Balancing Rules
Effective Nov 1-March 31
No changes.
All customers must comply.
Minimum delivery requirements
50% of daily usage over 5 day period; (Nov 1-5;6-10;)
70% of daily usage depending on storage level
70% daily usage implemented when storage levels equal 20 bcf above peak day min
90% of daily usage depending on storage level
90% rule implemented when storage levels equal 5 bcf  plus peak day min.
Look at storage graph on Gas Select.  Posted 24 hours in advance if the minimum daily is changed.  If go to 70% , current 5 day cycle must end completely, before new % goes into effect.
Must increase storage inventory by 1 bcf above the 70% before going back to 50% rule.
Once 90% rule implemented, will return to 70% as soon as operationally feasible,

Contracted Marketer's customer usage and delivereies are aggregated in one balancing account.

Core Aggregation-subject to 50% daily throughout entire winter period based on DCQ.
Core-50% of daily throughput for the enitre period,; (Patrick Brown group)
Not subject to 70% and 90% rules.

2 types of gas count toward daily obligation- firm storage withdrawal and flowing gas.  As-available storage and imbalance trading do not count.

Burn=measured daily usage thru electronic measurement,
Min DQ-used if customer does not have electronic measurement.

Customer assessed  GIMB charge if total deliveries is less than 50% of total burn over 5 day period.  Customer purchases gas at daily balancing stand-by rate under  G IMB Rate Schedule which is 150% of highest Socal Border price per NGI Gas Daily plus franchise fees and other charges.  Rate is posted at end of every month.

OFO can be declared during undernom season (winter season)


On July 1st, Project Apollo and Beyond launched its final SAP implementation.
Enron now has an integrated, common financial, human resources, procurement,
and project management system throughout the majority of Enron's businesses.
By far Enron,s largest SAP implementation, this &go live8 added approximately
8500 new users ) raising the total user population from Apollo and Beyond
implementation efforts to over 13,000 Enron employees and contractors.

A highlight of this implementation was the rollout of eHRonline, an
intranet-based system that enables individuals to manage their personal
information and time management activities plus view their pay information
and benefit elections.  This new system gives the power and capability for
managing your information to the person who knows the most about it ) YOU!

The Apollo and Beyond solution will yield savings of over $30 million per
year plus provide increased speed and accuracy of information.  Once
post-implementation efforts have been successfully completed, the focus will
turn to system support, enhancements, and additional projects to help
leverage Enron's SAP system for increased growth and profitability.

Many thanks to the HR, financial, project and procurement communities for
their efforts towards the vision of +One Enron,!

For questions or assistance, please contact Enron,s SAP support organization
at 713-345-4SAP.


I share your perceptions of Jose, though I don't have as much contact as you
do.  I know also from some recent discussions with Rick (who has also had a
fair amount of contact with Jose) that he has very positive views on Jose's
work.  I think we should make a concerted effort to get the feedback and have
a good discussion about Jose at year end to ensure that he is properly ranked.

	James M Bannantine@ENRON_DEVELOPMENT
	10/03/2000 07:13 PM

		 To: Steven J Kean@EES
		 cc:
		 Subject: Re: Questions for Executive Business Review- URGENT

---------------------- Forwarded by James M Bannantine/ENRON_DEVELOPMENT on
10/03/2000 06:13 PM ---------------------------

Delivery Failure Report
Your document:	Re: Questions for Executive Business Review- URGENT
was not delivered to:	Steven J Kean@EES
because:	User Steven J Kean (Steven J Kean@enron.com) not listed in public
Name & Address Book

What should you do?
You can resend the undeliverable document to the recipients listed above by
choosing the Resend button or the Resend command on the Actions menu.
Once you have resent the document you may delete this Delivery Failure Report.
If resending the document is not successful you will receive a new failure
report
Unless you receive other Delivery Failure Reports, the document was
successfully delivered to all other recipients.

EDC_NMAIL01/ENRON_DEVELOPMENT, EI-NHUB01/ENRON_DEVELOPMENT, EESHOU-HUB/EES,
EESHOU-HUB/EES, EI-NHUB01/ENRON_DEVELOPMENT, EDC_NMAIL01/ENRON_DEVELOPMENT

________________________

To: Steven J Kean@EES
cc:
From: James M Bannantine/ENRON_DEVELOPMENT
Date: 10/03/2000 10:18:08 AM
Subject: Re: Questions for Executive Business Review- URGENT

This is a good summary of the scope of Jose's responsibilities and the value
he manages.  This obviously takes a lot of my time as well because of its
importance, in some ways  like you or Stan Horton, in terms of drivers of my
P&L.  However, Jose manages this pretty much on his own without much
involvement from Houston (it is a local effort by its nature), which was the
point I was making at the PRC.  He has a good grasp of the commercial,
regulatory and political elements of all of this and keeps them all balanced
well.  He is methodical and systematic (which can also be perceived as not
especially dynamic), and English is really his second language, which may
have hurt him in the PRC.  He is on the job I would wager as much as 80 hours
a week.  Do we have anyone at his level with as much or more responsibility
elsewhere in the company?
---------------------- Forwarded by James M Bannantine/ENRON_DEVELOPMENT on
10/03/2000 10:11 AM ---------------------------

Jose Bestard
10/03/2000 09:05 AM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Questions for Executive Business Review- URGENT

FYI-  For  Steve Kean to prepare for their Executive Business Review with
Jeff Skilling and Ken Lay on this Wednesday, Oct 4th
---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
10/03/2000 09:03 AM ---------------------------

Jose Bestard
10/02/2000 11:02 PM
To: John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Gia Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James D
Steffes/NA/Enron@Enron

Subject: Re: Questions for Executive Business Review- URGENT

John.

1) I am attaching a power point file of the key issues we are following in
the regulatory group as of now. I highlighted a few to further discuss.  See
below.

2) I am enclosing the descriptors for the items I highlighted.

Jose

From: John Neslage on 10/02/2000 10:13 AM
To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gisele S
Braz/SA/Enron@Enron
cc: Gia Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James D
Steffes/NA/Enron@Enron

Subject: Questions for Executive Business Review- URGENT

Jose:

Jim Steffes, Gia Maisashvili and I  are helping Rick Shapiro and Steve Kean
prepare for their Executive Business Review with Jeff Skilling and Ken Lay on
this Wednesday, Oct 4th.  Some of the "success stories" that we want to
include have originated in your region, and we want to be sure that we have
the proper information on each of the listed activities.

We need to talk today because of the time sensitivity involved here - I will
give you a call this morning.

Thanks, Jose-

John

Regulatory Risk Management   -   Firm Numbers

Elektro EBIDTA Recovery     $50,000,000

Cuiaba Bolivian Natural Gas Export Permit   $91,000,000

Transredes Deferred Account      $100,000,000

Transredes Administrative Rule 411/99 + 412/99  $21,600,000

Puerto Suarez Brazilian Electricity Import Permit  $150,000,000


That is correct.  The buyout value from the desk as of 10/26/01 was $810,000.  This was determined by PV'ing the value of the remaining monthly demand charges owed to ENA from November 2001 through the end of the GSA (6/30/08).  The nominal value of each monthly demand charge is approximately $11,500.

Call me if you have any questions.

Fred

-----Original Message-----
From: Jacoby, Ben
Sent: Sunday, December 02, 2001 4:34 PM
To: Schwartzenburg, John; Tweed, Sheila; Hodge, Jeffrey T.
Cc: Clark, Barton; Mitro, Fred
Subject: RE: Site List Rev 4 - Onondaga GSA BKR provisons

My statement on the value of the GSA is based on the extensive work that Fred, John and I have done on this deal. Fred previously checked with the gas desk on this because Aquila had indicated an interest to buy out this contract. The gas desk indicated the current value (as of a couple weeks ago) was $800k. Fred, please confirm.

Thanks,
--------------------------
Ben Jacoby
(713) 853-6173


Harib,

Attached is the latest update for the DPC project. A printed copy of the
attached document with photos is being forwarded to you seperately. I will be
responsible for sending you the monthly updates in the future. Also, I am
planning a trip to the Middle East at the end of March and the beginning of
April. I hope to meet with you at that time. If you have any questions,
please feel free to call me at 713 345-5855.

Best Regards,

Paul


There were some schedule changes to april and may due to some training classes on the last weeekend in April.  If anyone has conflicts let me know or trade where possible.

ryan


I would love to do that!!  And like I said, I realized I have every right to
go out with a friend (girl or boy) if I want to.  If he wants to be
insecure, then that's his problem.  Does your offer still stand??  If so,
when?

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Wednesday, January 17, 2001 9:48 AM
To: Katie.Trullinger@wfsg.com
Subject: RE: what doing?

Yeah tell me about it.  So the reason I called to see if you wanted to do
something last week was because I got a settlement on my some of my dads
insurance shit and I wanted to go out to a nice dinner.  I thought it would
be a nice opportunity for us to hang out and catch up.  I hope you don't
still think that I didn't want to see you that night because you are dating
dave, I just had to run some errands right when you called back.


I am inviting some Enron folks over for drinks and a light supper buffet this Sunday around 3:00 pm, finishing up in time for a good night's sleep.  I hope you can attend, but don't feel obligated.  Kids/spouses/significant others are invited.   Don't worry about bringing anything.  Let me know if you plan on coming by responding to this e-mail.

The address is:
9436 NW Hopedale
Portland, OR 97229
Tel:  503/203-5958

Directions form Portland:
West on Burnside up and over the hill
Take left fork beyond cemetery
Turn right second light at QFC on SW Miller (turns into NW Miller)
Enter Forest Heights
Go down to bottom of hill about 1 mile
Go through stop sign
Turn right on Bartholomew
Go up hill to Pinnacle High Ridge - Turn Left
First right is Hopedale - Turn right
My house is first house on right

From Beaverton
East on Cornell toward Skyline
Left on NW Miller
Follow directions from above


Will you call Gary and tell him that a draft is coming?  Also, please confirm that the September 2002 date is acceptable from your perspective.  It was on my suggestion that Gerald put it in there and I want to make sure the resident expert agrees that September is late enough to allow us to remove the pad gas if need be.

Stuart

 -----Original Message-----
From: 	Redmond, Brian
Sent:	Wednesday, January 02, 2002 1:52 PM
To:	Zisman, Stuart
Cc:	Nemec, Gerald
Subject:	RE: Dow Lease Amendment

The agreement looks good from our angle - send it and lets see what Dow thinks.

UPDATE:

I received a call from Gulf South who says that they have completed their deal with Dow to lease caverns #13 and #14, subject to receiving FERC permits.  So, Dow should be willing to let us extend the lease because they will be giving up significant value if we start withdrawing gas.  Gulf South can't buy the gas from us now, because they do not have the proper FERC permits.  We may, however, be able get them to pony up for the lease payment extension (in exchange for us not pulling the gas out of the ground).

Alternatively, Bridgeline is willing to step into our shoes and purchase the gas from us for resale to Gulf South (once GS get their permits) as long as Gulf South provides Bridgeline with a firm purchase commitment at some date in the future (independent of the FERC permitting condition precedent).

Regards,
Brian

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Wednesday, January 02, 2002 1:31 PM
To:	Redmond, Brian
Cc:	Nemec, Gerald
Subject:	Dow Lease Amendment

Brian,

Have you had a chance to review Gerald's latest draft of the Amendment?  I would like to be able to send it to Gary ASAP.  Let's talk about this at your earliest convenience to make sure that we are all on the same page.

Stuart


Prebon West-
All deals checked out well.

Amerex West-
All deals checked out well.

Bloomberg
All deals checked out well.

Thanks!!


Fletch and I are dividing up Rogers postions (Fletch taking Peak, I'm taking Off-Peak).   To make it fair on everyone, I am allowing Rogers to take $4 million from Prudency C attached to JEA.  (Rogers has created this positive balance himself over the past 12 months with deals he has done in FL & SOCO).

In addition, I will be assuming all customer deals (VEPCO, JEA, Associated, MPMUC).

We will mark the curves in Entergy and TVA where Fletch is comfortable taking the position (off-peak also needs to be marked down).  The $4 million from prudency will absorb most of the curve shift.   All of Rogers postions will stay in Wholesale.

All parties come out with a fair solution.


Please find to below/to follow our Weekly Report for Monday 24th July 2000.


Stacey

What is this dual trigger option - can you give me some background on this one ?

Harry

-----Original Message-----
From: Cilia, Mary
Sent: Monday, October 22, 2001 1:08 PM
To: White, Stacey W.; Arora, Harry
Subject: FW: status of CCO book accounting treatment

FYI -

Jennifer Stevenson at Andersen may be calling you all to try and verify something to assist us with our dual trigger accounting arguments.  We have been trying to prove to Andersen that the value in the dual trigger option lies more in the price volatility than the physical plant outage.  AA was perplexed by the approximate 50% margin on these deals.  Larry Marcus pointed out to them that this isn't any different than an out of the money call option which would also typically generate a 50% margin.  They believe that it will greatly help our argument if they can verify with a trader that this is true.  Let me know if you have any questions.  Thanks.

Mary

 -----Original Message-----
From: Williams, Karin
Sent: Monday, October 22, 2001 8:07 AM
To: Cilia, Mary
Subject: FW: status of CCO book accounting treatment

David Hoog recommends that Jennifer and Patty talk with Harry Aurora.  K

 -----Original Message-----
From: Hoog, David
Sent: Saturday, October 20, 2001 11:27 AM
To: Williams, Karin; Marcus, Larry
Cc: Sekse, Per; Price, Brent A.; Glover, Sheila
Subject: RE: status of CCO book accounting treatment

if a call option is way out of the money, such as the ones we purchased last summer, the premium is a multiple of the "expected" payout.  a trader may not respond well to the term "margin" because they dont calculate it. as an example, if the midmarket value for a $100 power call is $2.50, and a $500 call is expected to pay 40% as much, a trader would offer this illiquid instrument for $2, which would be like a 50% margin.  one problem with this analogy is that expected value of payout is frequently much lower than the midmarket because there are very few arbitrageurs in this market who can really take advantage of that.  this example does support the statement, but a trader will not think about it the same way.  they will not call this extreme vol smile on illiquid products a high margin.  harry arora would be the trader to talk to.

-----Original Message-----
From: Williams, Karin
Sent: Fri 10/19/2001 4:29 PM
To: Hoog, David; Marcus, Larry
Cc: Sekse, Per; Price, Brent A.; Glover, Sheila
Subject: status of CCO book accounting treatment

Patty Grutzmacher and Jennifer Stevenson (both Andersen) were scheduled to review our pricing model with Tom Bauer (Andersen partner) this week.  Due to issues relating to the Enron shareholders' lawsuit,  Tom could not meet with them.   Patty and Jennifer did have further discussions with Amitava and Vasant.   They are all right with the model.

Larry -
Patty / Jennifer want to confirm your statement that a 50% margin on an out-of-the-money call option is not unusual.  They have asked Stacey White (Director of Power Risk Mgmt) to recommend a power trader with whom they can talk.  If you know of a person you would like them to talk with, please let me know.

Mary Cilia (transaction support) has asked Jennifer and Patty not to push the issue with Tom Bauer until he is in a more receptive mood.  We are still anticipating a resolution this quarter.   I will continue to keep you informed.

Karin Williams

713-345-8026
713-594-4978 (cell phone)


---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/11/2000
10:14 AM ---------------------------

"hollyw" <hollyw@email.msn.com> on 08/24/2000 08:14:22 AM
To: "Darron C Giron" <Darron.C.Giron@enron.com>, "Debbie Hall"
<gmind@icsi.net>
cc:
Subject: Fw: THE TRUE OLYMPIC SPIRIT

I say staged.

----- Original Message -----
From: "Warren, Stacy" <swarre02@coair.com>
To: "'Ugly Boo (E-mail)'" <hollyw@email.msn.com>
Sent: Monday, August 14, 2000 4:47 PM
Subject: FW: THE TRUE OLYMPIC SPIRIT

> Excellent!
>
> -----Original Message-----
> From: Wanda Harding [mailto:wharding@redsky.com]
> Sent: Monday, August 14, 2000 4:02 PM
> To: Alan Birchenough (E-mail); Alisa Mayfield Conboy (E-mail); Brian Mann
> (E-mail); Dave Pitschel (E-mail); Hazel Birchenough (E-mail); Heather
> Sullivan (E-mail); Ignacio Martinez (E-mail); Jeff Bishop (E-mail); Jeff
> Draper (E-mail); Jennifer Vodvarka (E-mail); Jim Terando (E-mail); Lori
> Stull (E-mail); Pegi Newhouse (E-mail); Rick Pleczko (E-mail); Warren,
> Stacy; Wes Manning (E-mail); Jeff Harris
> Subject: FW: THE TRUE OLYMPIC SPIRIT
>
>
>
>
>
> Subject:        FW: THE TRUE OLYMPIC SPIRIT
>
> <<sportszeru biciklis.mpg>>
>
>
>
>
>
>

 - sportszeru biciklis.mpg


I wanted each of you to be aware that TransCanada has agreed to a request from Governor Knowles office for a meeting on November 30th in Anchorage on behalf of the A to B project sponsors.   I expect we may all receive a communication from TransCanada (Dennis McConaghy) with details regarding this meeting.


FYI!

 -----Original Message-----
From: 	Wallumrod, Ellen
Sent:	Thursday, November 15, 2001 2:57 PM
To:	Theriot, Kim S.
Subject:	This week's traded numbers  -  so far....

Kim,

As requested:

Mon 12 - 1522
Tue  13 - 1371
Wed 14 - 1209
Thu  15 - 1586 (and not all the deals will have come through yet today)

Ellen


The attached expense report has been approved.  Please process for payment.
Jeff Skilling
---------------------- Forwarded by Jeff Skilling/Corp/Enron on 02/01/2000
04:17 PM ---------------------------

	From:  Katherine Brown                           02/01/2000 03:54 PM

To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Sherri Sera's expense report


Kurt,
 Per our phone conversation, Mark Fisher and myself have been discussing
availability with Gary from Zilkha. A question arose regarding the many
operations of our breaker in the pad mounted transformer that took place
December through March. Gary's thought is that when we recalculate the
availability, we need to count these times as down time and not Line Out
Hours as they have currently been counted. I suggested that according to
Exhibit GG in the TSIA, LOH is defined in short as any time the grid does not
meet "(i) the specifications required by the WTG as set forth in the
Technical Specifications", and Gary agrees with this. The problem is that an
engineering change on the breaker settings was implemented some time in March
to reduce the number of breaker operations on site. We are still seeing many
grid faults in the turbine but not in the PMT breaker. The question that Gary
brought up is were the original settings of the breaker set to the WTG
Technical Specifications and operating due to the on going grid conditions OR
were the settings improper to start with causing the breaker to operate while
the grid was within Technical Specifications.


The governor thinks the state can require wholesale rebates
-- Forwarded Message --

>Energy rate relief bill gets
>OK
>State Senate passes
>rollback; legislation to go to
>Assembly
>By Ed Mendel
>STAFF WRITER
>August 11, 2000
>
>SACRAMENTO -- The state
>Senate approved legislation
>yesterday that would cut
>San Diego's soaring electric
>bills by half and could credit
>consumers for excess rates
>paid since June 1.
>The measure, if passed by
>the Assembly and signed by
>the governor, would reduce
>bills to the level San Diego
>Gas & Electric Co. customers
>were paying in July 1999.
>While customer payments
>would be cut in half,
>however, SDG&E ratepayers
>could be liable in several
>years for the balance.
>The credit to consumers
>would hinge on a finding of
>improper overcharges by
>power companies.
>The
>rollback-and-reimbursement
>measure -- carried by two
>San Diego Democrats, Sen.
>Dede Alpert and
>Assemblywoman Susan Davis
>-- sailed out of the Senate
>with support from 24
>Democrats and four
>Republicans.
>All three of the Republicans
>who represent parts of San
>Diego County voted for the
>bill. The 27th vote needed
>for two-thirds approval of
>the urgency measure came
>from Sen. Bill Morrow,
>R-Oceanside.
>"We have a dysfunctional
>market that is not working
>and has been just so
>incredibly painful for the
>people I represent," Alpert
>told the Senate. "We need
>your help. We need it now."
>San Diego is the first area of
>the state fully affected by
>deregulation legislation
>enacted four years ago. But
>other areas will be
>deregulated within two
>years, and legislators do not
>want soaring rates in their
>districts.
>A vote on the Alpert-Davis
>bill in the Assembly was
>delayed for at least a week
>because of potential
>opposition from Republicans.
>Gov. Gray Davis, who is
>proposing a similar reduction
>that would not be
>retroactive to June 1, has
>taken no position on the bill.
>"It's important to keep this
>bill moving along," said
>Morrow, who said he
>struggled with the vote
>because the bill does nothing
>to speed up the construction
>of new power plants.
>The bill, AB 2290, would cut
>rates to the July 1, 1999,
>level and make the reduction
>retroactive to June 1 of this
>year. State and federal
>regulatory agencies would
>be asked to determine if San
>Diego ratepayers have been
>improperly overcharged.
>In the years ahead, San
>Diego ratepayers could be
>reimbursed for high rates
>paid this summer through a
>credit that would lower their
>monthly bills -- but only if
>the investigation finds an
>improper overcharge and
>that repayment can be
>collected from those
>responsible.
>Alpert said the cost of the
>credit could be born by
>energy generators for
>overcharging, SDG&E for
>failing to make cheaper
>energy purchases, and the
>state and federal
>government for not
>protecting ratepayers.
>"I don't think anybody
>believes anybody is going to
>be 100 percent responsible
>for this," Alpert said.
>The governor Wednesday
>asked the Public Utilities
>Commission to meet Aug. 21
>and reduce rates for SDG&E
>customers by half, dropping
>a typical residential bill from
>the current level of $120 a
>month to $65.
>The governor's plan is similar
>to the Alpert-Davis bill, but
>it's not retroactive to June 1
>and would take effect this
>month. Critics of the
>governor's plan doubt that
>an investigation will result in
>the recovery of an
>overcharge from
>generators, marketers or
>SDG&E.
>Nettie Hoge, executive
>director of The Utility
>Reform Network, said that
>what Davis has proposed is
>likely to be not a true rate
>reduction, but simply a plan
>to spread the payment of
>high rates over several
>years.
>"San Diegans can't afford a
>pay now and pay later
>scheme," Hoge said. "They
>are in the midst of an
>economic and public health
>crisis."
>The Alpert-Davis bill needs
>at least six Republican votes
>for approval in the
>Assembly. Alpert said two
>Assembly Re


Please include terms of the attached credit worksheet within an Annex B and
provide such to the confirmations for use in all unconfirmed trades and any
trades to be entered into.

thanks
brant


why arent you going to law school, matty is home, i think i might be a saint

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:31 AM
To:	Maggi, Mike
Subject:	RE:

your timing needs some work.  it doesn't look like i will be going to law school.  enron has foiled my plans.  you need to go home.  where is matty?  i thought that you said it was only for last night?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:29 AM
To:	Nelson, Michelle
Subject:	RE:

my timing is perfect, i was just curious if you drove,i think im going home tonight but im not sure, i cant fix my ny plan because you have your lsats

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:27 AM
To:	Maggi, Mike
Subject:	RE:

no.  so, i'm sitting here talking to kori on pins and needles wondering if she is going to say anything to me and guess who's e-mail pops up?  hmm  don't whatever me!  why did you ask if I drove today?  are you going home tonight?  so did you fix the holes in your ny plan?  i can tell that you are going to be boring today and i don't like it!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:19 AM
To:	Nelson, Michelle
Subject:	RE:

whatever, did you drive today

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:17 AM
To:	Maggi, Mike
Subject:	RE:

fine goodbye mr. boring sir

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:16 AM
To:	Nelson, Michelle
Subject:	RE:

im sorry its actually really busy right now

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:10 AM
To:	Maggi, Mike
Subject:

are you going to be boring today?


CALENDAR ENTRY:	APPOINTMENT

Description:
	Dr. Appointment & run test Leave 2:30, Appt. 3:00

Date:		2/13/2001
Time:		2:30 PM - 4:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Start Date: 4/2/01; HourAhead hour: 20;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040220.txt
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!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database


Melba,

The following changes need to be made to the attached GTC for this product:

1.   Section 1:  Delete subsection (iv) and revise subsection (iii) to read
as follows:

(iii) unless it has notified the other party in writing to the contrary, it
is a domestic corporation (as such term is defined in Section 7701 of the
United States Internal Revenue Code of 1986, as amended);

2.   Section 2:  Before the paragraph beginning " Each payment will be
made...", the following paragraph should be inserted:

All payments under this Transaction shall be made without any deduction or
withholding for or on account of any Tax unless such deduction or withholding
is required by any applicable law, as modified by the practice of any
relevant governmental revenue authority, then in effect.  If a party is so
required to deduct or withhold, then that party ("X") shall (a) promptly
notify the other party ("Y") of such requirement, (b) pay to the relevant
authorities the full amount required to be deducted or withheld (including
the full amount required to be deducted or withheld from any additional
amount paid by X or Y under this paragraph) promptly upon the earlier of
determining that such deduction or withholding is required or receiving
notice that such amount has been assessed against Y, (c) promptly forward to
Y an official receipt (or a certified copy), or other documentation
reasonably acceptable to Y, evidencing such payment to such authorities, and
(d) if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment
to which Y is otherwise entitled under this Transaction, such additional
amount as is necessary to ensure that the net amount actually received by Y
(free and clear of Indemnifiable Taxes, whether assessed against X or Y) will
equal the full amount Y would have received had no such deduction or
withholding been required.  However, X will not be required to pay any
additional amount to Y to the extent that it would not be required to be paid
but for (i) the failure or breach by Y of a representation or warranty set
forth in Section 1 of these General Terms and Conditions or (ii) the failure
of Y, upon reasonable demand by X, to provide any form, certificate or
document that would allow X to make a payment to Y under this Transaction at
a reduced rate of, or without any, withholding for or on account of any Tax.

3.   Section 9:  Add the following definition for Indemnifiable Tax:

"Indemnifiable Tax" means any Tax other than a Tax that would not be imposed
in respect of a payment under this Transaction but for a present or former
connection between the jurisdiction of the government or taxation authority
imposing such Tax and the recipient of such payment or a person related to
such recipient (including, without limitation, a connection arising from such
recipient or related person being or having been a citizen or resident of
such jurisdiction, or being or having been organized, present or engaged in a
trade or business in such jurisdiction, or having or having had a permanent
establishment or fixed place of business in such jurisdiction, but excluding
a connection arising solely from such recipient or related person having
executed, delivered, performed its obligations or received a payment under,
or enforced, this Transaction).

4.   Section 9:  Add the following definition for Tax:

"Tax" means any present or future tax, levy, impost, duty, charge, assessment
or fee of any nature (including interest, penalties and additions thereto)
that is imposed by any government or other taxing authority in respect of any
payment under this Transaction other than a stamp, registration,
documentation or similar tax.

Please let me know if you have any questions or need any additional
information.

Best regards,
Susan

 -----Original Message-----
From:  Lozano, Melba
Sent: Monday, June 04, 2001 6:09 PM
To: Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran, Tom
Cc: Hunter, Larry Joe; Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert,
Karen; Lombardi, Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Cass,
Robert B.; Meredith, Kevin; Walker, Chris; Gockerman, Matthew F.; Alatorre,
Carlos
Subject: Tanker Freight Approvals
Importance: High

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail). If you have any questions please call me at ext.
58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

Trader:   Joe King

 << File: ENA Financial GTC (credit).htm >>     << File: Tkr Freight Swap
BITR 9 Jun01 WS.doc >>

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

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up


John,

I am planning to come to Houston Wednesday and Thursday to sit with the East
desk. Unless that is going to create problems, would you mind letting them
know that I'm coming.

Chris


I am out of the office next week.  Please send details on the meeting at
Wharton to my assistant, Danielle Dees.  She will make my travel
arrangements.  I believe you were recommending a hotel as well.


Today's HOTLINE is now available on nationaljournal.com:
http://nationaljournal.com/pubs/hotline/

TOP STORY: The Ex-Gore Staffer Primary

WHAT'S HOT:
* More criticism on military tribunals.
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TODAY ON NATIONALJOURNAL.COM:

-- DAYBOOK: What's Ahead This Week
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The deal was done between Mark and Janice at SRP.  I heard him make the call.  Also, do you have any more avenues with PAC tranny like a supervisor or something.  I am not really in a position to negotiate with anyone.  They all claim that they can't change the Oasis system.

 -----Original Message-----
From: 	Purcell, Mike
Sent:	Monday, October 08, 2001 12:06 PM
To:	Salisbury, Holden
Subject:	SRP deal 805316

Holden,

SRP is comming back saying that they do not see deal 805316 on 9/12.  Can you look into this

Thanks

Mike P. Purcell
Settlements Coordinator
Volume Management-Portland
503-464-8297


Christi L Nicolay@ECT
	05/22/2001 04:22 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Re: Wholesale desks

Ginger--Please forward to the Rick's group.

Entire East Power Group org. chart.


He spoke to you several weeks ago and you asked him to
research the model he has developed for the Power Mkt?

He has some exciting news!

His telephone # is 925-294-2552


---------------------- Forwarded by John Arnold/HOU/ECT on 08/01/2000 03:34
PM ---------------------------

Kevin G Moore
08/01/2000 01:22 PM
To: Toni Graham/Corp/Enron@ENRONVince J Kaminski/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Shirley
Crenshaw/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT,
Kimberly Hillis/HOU/ECT@ectBETTY CONEWAY
cc:
Subject: Re: SCHEDULE - Stephen Bennett

Hello,
I have several changes.

Vince Kaminski  9:00-10:00 Conf.EB19C1

Toni Graham     10:00-11:00 Conf.EB32C2

Mike Roberts and Jose Marquez  - Lunch

Mark Tawney    1:00-1:30  Conf.EB32C2

Grant Masson 1:45-2:10  Conf.EB19C1

Stinson Gibner  2:15-2:30 Conf.EB19C1

Maureen Raymond  2:30-2:45 Conf.EB19C1

Hunter Shively  3:00-3:15   EB3241

Jeff Shankman  3:15-3:30   EB3241

John Arnold   3:30-3:45 EB3241

Please call me at x34710 with any questions or new information.

                                                                      Thanks
                                                                    Kevin
Moore


---------------------- Forwarded by Chris Germany/HOU/ECT on 10/08/2000 11:17
AM ---------------------------

John Hodge@ENRON
09/21/2000 07:13 PM
To: Julie A Gomez/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Brad
McKay/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT,
Stephanie Miller/Corp/Enron@ENRON, Sean Boyle/Corp/Enron@ENRON, Michael
Brown/NA/Enron@Enron, Gil Muhl/Corp/Enron@ENRON
cc:
Subject: MarketLink Shippers

Additional information on the Transco MarketLink shippers:

Shipper   Phase  Volume  Term  Delivery Pt  Rate

Aquila   I     25,000 Dthd 10 years Manhattan  $0.35
Consolidated Edison I     30,000  10  Manhattan  $0.35
ConEdison Energy I     10,000  10  Manhattan  $0.35
St. Lawrence Cement I       1,000  10  Camden, NJ  $0.30
Williams Energy I  100,000  10  Manhattan/PSEG $0.35
Virginia Power  II  100,000  10  Trenton-Woodbury $0.30
PPL Energy Plus II     30,000  10  Princeton Junction $0.18

 Phase 1 begins 11/1/01.  Phase II begins 11/1/02.  The rates shown are for
the demand and are the rates that Transco had been marketing for the
project.  Each shipper is responsible for fuel and the electric power
commodity charge and ACA.  There will be no GRI or Great Plains commodity
surcharges.  The Manhattan and PSEG delivery points are Transco Zone 6 NY
points.  The Camden, Trenton-Woodbury and Princeton Junction points are
non-NY.
 Williams reduced their precedent agreement volume from 210,000 Dthd to the
100,000 Dthd.  Williams' rights to PSEG points are north of the Linden
allocation point.  Virginia Power is buying a project from Statoil on the
Trenton-Woodbury line.  Virginia Power's commitment to MarketLink replaces
one of Statoil's two precedent agreements.  Statoil has also sold another
project that was underlying their second precedent agreement.  The new and
unnamed project owner has requested and been granted an extension to the
90,000 Dthd precedent agreement for a later phase of MarketLink.  Sunset
Energy Fleet has requested and been granted an extension for their 95,600
Dthd precedent agreeement.  LFG, a landfill gas developer, has also been
granted an extension of their 5,000 Dthd precedent agreement to enable LFG to
finalize a sale with a new owner or to locate an alternative landfill site.
PPL Energy Plus has the right to deliver into a proposed new interconnect
with PPL Interstate Energy Company pipeline system in Lower Mt. Bethel
Township, Northampton County, Pennsylvania or a proposed new interconnect
with PPL's Eden plant in East Drumore Township, Lancaster County,
Pennsylvania on a primary basis.  They also have the right to extend their
agreement at the $0.18 rate for an additional two five year terms.  Dynegy
(30,000 Dthd) and Engage (210,000 Dthd) terminated their respective precedent
agreements.  Due to these terminations and reductions,  Transco only has
announced precedent agreements of 190,600 Dthd for later phases.  If these
precedent agreements become contracts, MarketLink would have 486,600 Dthd of
shipper volume.  Transco has stated that all 700,000 Dthd of MarketLink would
be built by 11/01/04.


Dear Houston Settlements,

I hope all of you had a great Easter weekend!  The weather here in Portland was actually nice for a change (it's been rainy for the past 2 weeks, although we can't complain because we desparately need the rain).

As many of you know, we will all be meeting this Wednesday in Houston to discuss DMS.  I look forward to meeting everyone face to face!

While I am away from my desk next week, there will be no one working on DMS's, as Caroline and the rest of the Portland Volume Management team are extremely occupied with California and our new systems.  I have been going DMS alone for the past month and have been trying to stay on top of everything, however, given the volume of DMS's and obligations that I have to our Portland team, I have not had a chance to review all DMS's outstanding.  My apologies for this.

I will be working strictly on DMS's today (Monday) and tomorrow (Tuesday), and at this point, I'll ask that you send me an e-mail with any urgent or semi-urgent  DMS's that cannot wait until next week.  I will work as late as necessary tonight to finish as much as possible.

Please call if there is anything that needs to be discussed.
I'm sure I'll be hearing from you soon.

Virginia


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

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SPEREIR>
To: 'ev1.net,jpiper5360@aol.com' <dbland@velaw.com,lucy1>
Date: Monday, October 15, 2001 6:33:34 GMT
Subject:

Hi, fellow P&Z members.

I just wanted to let you know about the meeting David Moss and I had with Dan Muniza of Center America.  Sweet Mesquite restaurant is very interested in the existing Eckerd's site and is now willing to wait until next summer when Eckerd's moves into its new proposed building on the west side of the property (where Weiner's is now).  Sweet Mesquite expressed an interest in some outdoor seating area and Dan Muniza wanted some warm fuzzies that the City would allow Center America/Sweet Mesquite to use City easement  along Braes for a patio area.  Currently, that area is being used for parking.  The proposed patio would be above the street level by around two feet or so.  Basically, Center America would extend the existing sidewalk that abuts Eckerd's out to the street and fence in the whole patio area with decorative fencing or brick.  They would also include some plantings, greenery, etc.  David Moss is checking with David Allums (city attorney) about any potential liability with Center America/Sweet Mesquite using City easement.  Also, there is an existing water line under this parking area that would need to be relocated closer to the street.  I think David will be able to give us a cost estimate on this at our next meeting.  David did mention that the line is in need of replacement anyway.

As for the new Eckerd's building, Dan Muniza did not have the proposed elevations from Eckerd's yet.  He's expecting to get something this week.  He's reserving the right to pick something that will blend in with the existing center.

Also, there was some concern at the last City Council meeting about the additional parking needs of a Sweet Mesquite.  Dan Muniza indicated that the parking behind the center is open to anyone.  They prefer that it be available for Center America employees and tenants during the day, but it's wide open after 5 pm.

David Moss will be contacting everyone soon about scheduling a meeting to discuss the City's proposed landscaping ordinance.  He wanted to do that prior to Comp. Plan meeting on the 30th.

Thanks,

Susan Pereira


Lindy -- FYI.  This is just really informal so I'd prefer you not forward to
anyone yet.  Drew and Maria are most familiar with this so I'm going to get
their feedback first before setting up a meeting.  I'll get with you before I
set a meeting time to see when you're available.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 11/27/2000
06:27 PM ---------------------------

Susan Scott
11/27/2000 06:28 PM
To: Drew Fossum@ENRON, Maria Pavlou/ET&S/Enron@ENRON
cc:

Subject: Recourse rate dilemma: the sequel

Maria and Drew, this is a long-winded e-mail but please bear with me...

The problem:

As you probably remember, several months ago several of us met to discuss the
following language in the ROFR portion of Transwestern's tariff: "if the rate
bid exceeds the maximum tariff rate, then the rate will be considered to be
the maximum tariff rate," and the additional frustrating language "[a]ll
available capacity shall be allocated under these procedures . . .."  At our
last meeting, we concluded that probably the best way to ensure that TW could
capture the true value of the capacity would be to link the negotiated rate
to index prices.  However, since this usually involves an unacceptable amount
of risk to both the shipper and TW, the marketers haven't done any
index-based rates and have no current plans to enter into any such deals.  I
have been asked by the Commercial Group to revisit this issue and to think of
other ways we could increase our ability to charge more than the maximum
rate.   Ideally they would like to eliminate the language I've quoted above.
However, my research has indicated that absent our 1) bringing about radical
change in the way FERC thinks about recourse rates or 2) showing that TW
lacks market power, we are probably stuck with this language.

Why the problem exists (you may already know):

Steve Stojic and I did some looking into why the language is in our tariff in
the first place.  In the Alternative Rates Policy Statement (RM95-6-000), the
Commission explained that it is willing to entertain individual requests for
negotiated rates, but only where customers retain the ability to choose a
cost-of-service based tariff rates.  "[T]he availability of a recourse
service would prevent pipelines from exercising market power by assuring that
the customer can fall back to cost-based, traditional service if the pipeline
unilaterally demands excessive prices or withholds service.  Thus, the
recourse rate mitigates market power."

The Commission went on to confirmed that under ROFR provisions the highest
rate that an existing shipper must match if it wishes to continue its
transportation arrangement is the maximum tariff rate. This policy is clearly
not limited to ROFR situations:  when capacity is constrained, a shipper
willing to pay only the recourse rate cannot lose access to capacity merely
because someone else is willing to pay a negotiated rate.  "When there are
more requests for capacity than there is capacity available, then the
pipeline must allocate capacity among those shippers willing to pay either
the negotiated rate or the maximum recourse rate, for example on a pro rata
basis if required by its tariff."  The example cited by the Commission:  If a
pipeline has 100 Dth/d available and two shippers request that capacity, one
who is willing to pay no more than the recourse rate of $5 and another a
negotiated rate of $6, then each would be allocated 50 Dth/d on a pro rata
basis (assuming the tariff provided for pro rata allocation and not some
other allocation method such as lottery).

When TW filed for authority to charge negotiated rates, it voluntarily added
the statement that "if the rate bid exceeds the maximum tariff rate, then the
rate will be considered to be the maximum tariff rate."  Presumably we had
concluded that we needed to add this recourse rate related provision in order
to receive negotiated rate authority.

Solutions??

I would like to know whether you concur that changing our tariff language
outright is probably out of the question.  I feel as if I've really been
chasing my tail here.  I have owed Lindy an answer for some time now.  But I
keep coming back to our having to prove lack of market power (which, Drew, is
where I believe you were headed when we talked about this in mid-October).
Steve Harris has asked whether we can just start small and remove the
recourse rate cap as to only a portion of our system.  I think we would still
have to show lack of market power in order to do this.  Do you agree?  Stojic
warns that proving lack of market power is a lengthy and expensive
proposition.  Might be worth it to us, though.

Another idea is to somehow provide shippers with an incentive to pay more
than max rate.  After all, we do have authority to charge negotiated rates.
We've seen one instance in which one of our marketers was able to get more
than max rates for IT space based on good customer relations alone.  However,
despite our wonderful relationships with most of our customers, it's unlikely
we can pull this off with any consistency.  We wondered whether we might be
able to get more than max rates in the context of an auction procedure.  But
I just am not convinced we could get around the Commission's requirement that
recourse rates be available.  That requirement has not changed.  Have either
of you seen anything to the contrary?

I would like to meet with you two, plus several others I have in mind, to
discuss this, preferably early this week (Tues. or Wed.), but would like to
discuss briefly with you first.  Please call me so we can talk for a few
minutes.  Thanks.


Yes-- but lets wait until you and I can talk live.

	Andrew Edison@ENRON
	06/07/2001 02:48 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: RE: Quinque

Let's talk.  Can we shift some more of the cost to ETS???

----- Forwarded by Andrew Edison/NA/Enron on 06/07/2001 02:47 PM -----

	Drew Fossum/ENRON@enronXgate
	06/07/2001 01:51 PM

		 To: Andrew Edison/NA/Enron@Enron, Staci Holtzman/ENRON@enronXgate
		 cc: Dorothy McCoppin/ENRON@enronXgate
		 Subject: RE: Quinque

Great!  Now, what have you done for me lately?  The ETS entities are
apparently still in this case and I'm feeling lonely already now that ENA is
bugging out.  Where is our deal with Boies to get Quinn in and us out?
Thanks for the help on this Andy.  DF

 -----Original Message-----
From:  Edison, Andrew
Sent: Thursday, June 07, 2001 12:35 PM
To: Fossum, Drew; Holtzman, Staci
Subject: Quinque

I am glad to report that we have received word from Rex Sharp, the
plaintiffs' lawyer in the Quinque litigation, that he intends to dismiss
Enron North America Corp. from this litigation.  We provided Rex with an
affidavit explaining that ENA is not a first measurer of gas, and he let us
know this morning that as a result, he does not intend to pursue ENA.  I will
believe it when I see the amended petition, which should be filed by the
close of business tomorrow.

I will keep you updated.

Andy


Charles Schwab & Co., Inc.

Morning Market View(TM) for Wednesday, May 30, 2001
as of 11:00AM EDT
Information provided by Standard & Poor's

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

U.S. INDICES
(11:00a.m. EDT)

----------------------------------
Market            Value     Change

DJIA          10,962.30    - 76.80
Nasdaq Comp.   2,113.32    - 62.22
S&P 500        1,256.34    - 11.59
----------------------------------
NYSE Advancing Issues        1,081
NYSE Declining Issues        1,559
NYSE Trading Volume        333 mln
NASDAQ Advancing Issues        895
NASDAQ Declining Issues      2,271
NASDAQ Trading Volume      615 mln

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

U.S. TREASURIES
----------------------------------
Value            Yield      Change

1-year bill       3.66%        n/a
5-year note       5.04%       unch
10-year note      5.50%     + 3/32
30-year bond      5.84%     + 8/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

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

U.S. TRADING SUMMARY

A combination of disappointing earnings news, an analyst
downgrade and fallout from the failure of the Alcatel/Lucent deal
has put technology stocks through the grinder this morning. News
of reduced earnings expectations from Sun Microsystems and
RadioShack have weighed on the technology sector, as these two
firms joined the growing ranks of companies that announced that
they will fall short of investors' earnings expectations in the
second quarter of this year. With recent earnings
preannouncements running counter to hopes for at least a
bottoming of earnings troubles during the second quarter, market
participants have began to revaluate the solid stock market gains
in March and April. A downgrade of the fiber-optic equipment
sector by a Morgan Stanley analyst further added to the tech
sector's woes. Weakness in the NASDAQ spilled over into the S&P
500 and the Dow. The Dow fell through the psychologically
important 11,000 level.

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

JAPAN / EUROPE SUMMARY

Concerns over earnings prospects have not been confined to the
U.S. market, as European shares are also in the red as
uncertainty over European firms' profit prospects have weighed on
the major bourses. The French CAC-40 has led the way lower,
falling about 1%. The German Dax and the French FTSE have both
lost 0.8%. The disappointing news from Sun Microsystems hit
Japanese technology shares hard during Japanese trading hours,
which helped pull stocks lower. The Nikkei-225 fell 2.0% while
the Topix index shed 1.9%.

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

CURRENCY SUMMARY

The dollar has been confined to a fairly narrow trading range
versus the euro and the yen. Another round of disappointing data
has weighed on the euro overnight, but the failure of the
Alcatel/Lucent deal and the shaky performance in U.S. stocks
provided some support for the euro. Some concern is circulating
that the European Central Bank may intervene to boost the dollar.
The dollar is trading at 0.857 dollars per euro. The dollar is
little changed versus the yen, trading around 120 yen.

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

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 11:05 a.m. EDT)

** Sun Microsystems (SUNW: 16.43, - 2.24) was the latest major
earnings disappointment for investors, as the technology
headliner warned that earnings and sales in its fiscal fourth
quarter could be well below analysts' expectations. The firm now
expects to earn $0.02 to $0.04 per share in the three months
ending June 30, which would fall short of the $0.06 per share
estimate surveyed by First Call. Revenue is anticipated to come
in between $3.8 billion to $4.0 billion, which would be below the
$4.1 billion or higher in sales the company had said it expected
during the quarter. A sudden drop in European demand for Sun's
products, combined with slowing demand in Asia and reduced demand
in the U.S. has impacted the firm's bottom line.

** French firm Alcatel (ALA: 25.19, - 2.22) and U.S. telecom
heavyweight Lucent (LU: 8.37, + 0.05) ended merger talks,
reportedly due to the inability of the two firms to come to an
agreement on who would control the combined company. According to
The Wall Street Journal's account, what was initially envisioned
as a merger of equals by Lucent increasingly began to look like a
takeover. As such, Lucent quickly got cold feet and walked away
from the possible deal. The firms released a combined statement
saying that talks had been "terminated."

** RadioShack (RSH: 27.07, - 5.78) joined the chorus of companies
warning of lower profits in the current quarter, citing slower
sales of goods. The firm now sees profits of $0.25 to $0.27 per
share in its fiscal second quarter. This is below the $0.34
analysts were expecting and well off the $0.38 per share the firm
earned in the same quarter last year. Lackluster sales of cell
phone services, combined with weak computer sales, took the blame
for the expected earnings shortfall.

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

ECONOMIC NEWS

** No data today.

** THURSDAY - Weekly initial jobless claims, Chicago Purchasing
Managers' index for May.

** FRIDAY - May employment report, May National Association of
Purchasing Managers' index, April construction spending, May
domestic auto sales.

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Dan,

Today, I entered into some conversations with the City of Palo Alto regarding
fixing forward gas prices for them.  They have a copy of a Master agreement
and a copy of an ISDA which are currently in their legal department.  They
have requested a copy of the GTC language which would allow us to transact in
the immediate future, although I am still pushing for a Master.  They
currently have a Power Master in place with EPMI.

Could you forward a copy of the General Terms and Conditions to Monica
Padilla with the City of Palo Alto at Monica_Padilla@city.palo-alto.ca.us
first thing in the morning?  Please let me know if you have any questions or
issues.

Thanks,

Kim Ward

503-805-2117


Had a typo in your e-mail address!
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 08/30/99 02:29
PM ---------------------------

Sara Shackleton
08/30/99 01:08 PM
To: pla@marvel.com.ar
cc: Susan Bailey/HOU/ECT@ECT
Subject: ISDA Schedule for Argentina

Per our  conversation of date, attached is ECT's most recent version of the
ISDA Schedule and Credit Support Annex designed for use with Argentine
counterparties.  As we discussed, I would like for you to review this format
and determine whether changes are required as a result of legal developments
in Argentina.  Please call me when you have had an opportunity to review the
document.  We have had sent out several recent drafts using the attached
format.  Also, any written materials which might prove useful are always
greatly appreciated.  Thanks.  Sara

P.S.  I will try to schedule some time when I am in the B.A. office.


There will be a WSPP Contracting meeting on January 12, 2001 at the
following hotel which is located near the San Francisco airport:?
?
Sheraton Gateway Hotel
600 Airport Boulevard
Burlingame, CA?? 94010
650-340-8500
?
The meeting will start at 9 a.m. and end at 3 p.m.
?
My initial list of agenda items includes: 1. How to deal with regulatory
risks of retroactive price changes?? 2.? Cal. ISO market  definition.? 3.?
How to facilitate using the WSPP Agreement for  Eastern markets to reduce
credit risks?? 4.? Retail customers as  members.? 5.? Financial products
under agreement.? 6.?  Waiver of common law impossibility/impracticability
arguments.? 7.?  Language to clarify service companies as agents.? 8.?
Additional forms  of documents to be attached to agreement.
?
Please let me know by December 15, 2000, whether you have any additional
agenda items so that I can send out an agenda well in advance of the
meeting.? Email me at small@wrightlaw.com.
?
Please also note that I expect that we will need to hold another meeting
before the Operating Committee meeting.? I would propose Feb. 16 or another
day around that time in a warm weather spot.? The following Monday is a
holiday.


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

June 1, 2001 5:00pm through June 4, 2001 12:00am
------------------------------------------------------------------------------------------------------

ECS to ECN Network Interconnection, June 9th 2001

This is a notification that the Enron Corp. I/T Networks team will be connecting the new building network infrastructure located in Enron Center South (ECS) to the existing Enron Center North (ECN) backbone network.  While this activity is not expected to produce a disruption to network services, this notice is designed to alert the organization to our activities.  No network hardware or systems are anticipated to be shutdown.  The actual physical interconnection of the networks will be performed in the EB 34th floor Data Center.

Interconnection activities are scheduled to occur the evening of June 9th 2001 starting from 7:00 p.m.(CT) and completing around 11:00 p.m. (CT). Application testing activities will begin at 11:00 p.m. (CT) once all network testing has completed.

If you have any further questions, please contact Pete Castrejana at 713-410-0642 for more information.

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:
Impact:  ENS
Time:  Fri 6/1/2001 at  11:00:00 PM CT thru Fri 6/1/2001 at  11:45:00 PM CT
	Fri 6/1/2001 at    9:00:00 PM PT thru Fri 6/1/2001 at     9:45:00 PM PT
	Sat 6/2/2001 at  5:00:00 AM London thru Sat 6/2/2001 at  5:45:00 AM London
Outage:  Enable routing on new router ecn-34-cor-ccr1
Environments Impacted:  ENS
Purpose: This router will be used to connect to the new building
Backout: remove routing on the router.
Contact(s): 	Scott Shishido    713-853-9780

Impact:  AEP
Time:  Fri 6/1/2001 at  8:00:00 PM CT thru Fri 6/1/2001 at  8:30:00 PM CT
	Fri 6/1/2001 at  6:00:00 PM PT thru Fri 6/1/2001 at  6:30:00 PM PT
	Sat 6/2/2001 at  2:00:00 AM London thru Sat 6/2/2001 at  2:30:00 AM London
Outage:  Shutting off the internal link to 1201 Louisiana
Environments Impacted:  AEP
Purpose: Company occupying that space has been sold.
Backout: None
Contact(s): 	Garhett Clark         713-345-9953
                        Robert Humlicek   713-853-6366   713-406-8293

Impact:  ENS/GCO
Time:  Fri 6/1/2001    thru Wed 7/4/2001
Outage:  HPL migration to AEP
Environments Impacted:  GCO
Purpose: Sites sold
Backout: None
Contact(s): 	Garhett Clark         713-345-9953
		Robert Humlicek   713-853-6366   713-406-8293

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  Internet
Time:  Fri 6/1/2001 at  10:30:00 PM CT thru Fri 6/1/2001 at  10:45:00 PM CT
	Fri 6/1/2001 at    8:30:00 PM PT thru Fri 6/1/2001 at     8:45:00 PM PT
	Sat 6/2/2001 at  4:30:00 AM London thru Sat 6/2/2001 at  4:45:00 AM London
Outage:  Reboot Enron.com edge routers
Environments Impacted:  Internet
Purpose: Regular reboot to prevent such problems as memory corruption. Intermettent disruption to last about five minutes.
Backout:
Contact(s): 	John Shupak          713-853-7943
		Bryan Aubuchon    713-345-8446

MESSAGING:
Impact:  Corp Notes
Time:  Fri 6/1/2001 at  9:00:00 PM CT thru Sat 6/2/2001 at  1:00:00 AM CT
	Fri 6/1/2001 at  7:00:00 PM PT thru Fri 6/1/2001 at 11:00:00 PM PT
	Sat 6/2/2001 at  3:00:00 AM London thru Sat 6/2/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): 	Trey Rhodes  (713) 345-7792

Impact:  EI
Time:  Fri 6/1/2001 at  9:00:00 PM CT thru Sat 6/2/2001 at  1:00:00 AM CT
	Fri 6/1/2001 at  7:00:00 PM PT thru Fri 6/1/2001 at 11:00:00 PM PT
	Sat 6/2/2001 at  3:00:00 AM London thru Sat 6/2/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s): 	David Ricafrente    713-646-7741

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

-------------------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


Hi John,

We spoke earlier this morning about obtaining the value of storage assets owned by ETS/NNG.  Specifically, I would like to have information on the:

Original cost of the assets
Cost as in the rate base
Replacement cost
Current Value
Depreciation (schedule, method, etc.)
Cost Allocation
Rate Design
Age of the Asset
Expected remaining life of the assets

and if possible the cost and revenue by location.  As far as the time frame, we would like to have the information by the end of the week, however considering your move to Three Allen Center on Friday that may not be feasible.  Instead, after initially looking into this, maybe you can give me an estimated time frame as to when you can gather this information.

I will contact Bob Chandler this afternoon and see if he can assist me in obtaining NNG financial statements and any other infomation on ETS/NNG's storage assets.

Thank you,

E. Mike Gelin
ETS Asset Development Group
X - 54917


The tickets for HOB will go on sale around next wednesday.  I will call and
get them.  I am starting to get pumped as well.  Luckily I have a trip to
Vegas in March that will hold me over.

I need to find my hand hacky sack so we will have a back up plan.  I have a
couple of new chairs in a bag for us - full lounge chairs.  They even have
beer holders in the arms.
PL

"Mike Jillard" <mjillard@beaconelectric.com> on 02/23/2001 10:08:36 AM
To: "Phillip M Love" <Phillip.M.Love@enron.com>
cc:
Subject: Jazz

P, we are getting close. Did the Tickets go on sale  for any of the concerts
at the House of Blues?
?
We need to come up with a gimmick for the fest!  Like the Hand bean bags.
?
See you soon.
?
Jilly