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Comments from Enron Finance.

---------------------- Forwarded by Kay Mann/Corp/Enron on 03/31/2001 05:22
PM ---------------------------
From: Lisa Bills/ENRON@enronXgate on 03/31/2001 03:12 PM
To: Kay Mann/Corp/Enron@Enron, Catherine Clark/ENRON@enronXgate
cc:

Subject: FW: Blacklined Draft from Last Night's version

Kay and Catherine,  several comments jumped out from my quick review of the
below for each of you.

Catherine and Kay:  What is the ENA Demand Note amount in 2(a) supposed to
represent vs the Purchase Price in 2(d)?  Are the amounts correct?

Catherine:  Please confirm number in 9(a)(xviii).

Kay:  There seems to be a timing problem with several of ENA's reps in 9(a).
Several state that the LLC has not engaged in any work/liabilities type stuff
other than the Transaction which includes execution of the Turbine Contract.
The Turbine Contract is an exhibit.  I assume it is the current contract
which has been executed, through assignment, by E-Next Generation LLC. In
9(a)(xvi), we say that we will have essentially "ownership" of the Turbine
Contract "at closing".  This seems to also contradict the earlier reps on our
execution of the Turbine Contract.  How could we make the first reps when our
LLC didn't execute the Turbine Contract?

Thanks, Lisa

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, March  30, 2001 11:46 AM
To: Manis, Herman; Clark, Catherine; Bills, Lisa; Schneider, Chip
Subject: Blacklined Draft from Last Night's version

fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001 11:45
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 03/30/2001 11:14:45 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Blacklined Draft from Last Night's version

 <<2XFLRED.DOC>>

Kay:

Enclosed for convenience is a blacklined draft from last night's version.
Thanks.

Carolyn

Enclosure: 136641vR7/6

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

 - 2XFLRED.DOC


(See attached file: LSN0608.xls)

 - LSN0608.xls


6437 Mercer St

In West University.

2 1/2 blocks from University Avevue between University Avenue and Holcombe.

713-661-6096.


fyi
---------------------- Forwarded by Mary Solmonson/HOU/ECT on 09/18/2000
10:18 AM ---------------------------

Avril Forster@ENRON
09/14/2000 06:28 PM
To: Mary Solmonson/HOU/ECT@ECT
cc:
Subject: EES Report from EnTelligence

Hi Mary,
This is the end result for Jim Brown.  He looked it over with me this
afternoon and is really pleased with the results.  Apparently Rodney Malcolm
has had over a month to provide this information and couldn't come through
and according to Jim, this is the most and best he's seen!  Jim will run the
numbers by Harold Buchanan tomorrow and let us know if that is all he needs
from us.

Thanks,
Avril
---------------------- Forwarded by Avril Forster/Corp/Enron on 09/14/2000
06:24 PM ---------------------------

Avril Forster
09/14/2000 06:22 PM
To: Jim Brown/HOU/EES@EES
cc:

Subject: EES Report from EnTelligence


Lee and Kent, I apologize for forgetting to cc you on the draft that
just went out.

-----Original Message-----
From: Thompson, Peter J.
Sent: Friday, December 15, 2000 5:18 PM
To: Kay Mann (E-mail)
Cc: Pipitone, Paul; Cobb, Chris
Subject: E-Next Generation CISO2

Attached please find a clean copy of the latest draft of the E-Next
Generation CISO2 Agreement and Exhibits, as well as blacklines showing
changes made to each from the prior draft we circulated.  To complete
the agreement, we need Ben Jacoby's fax number and a liquid fuel
performance guarantee. As for the exhibits, we need the information for
Part B of Exhibit A-1.  We will also need to add Exhibit H-2, Exhibit R
(if necessary) and confirmation that we will not have any site specific
information usually contained in Exhibit U.
<<E-Next Generation Breakout Agreement CIS02- Comparison of Versions 3
to 4.DOC>>  <<Exhibits to E-Next Generation Agreement CIS02 -
Comparison.DOC>>  <<Exhibits for E-Next Generation Agreement CISO2.DOC>>
<<break out agreement--CIS02 (12/14/00).DOC>>
 - E-Next Generation Breakout Agreement CIS02- Comparison of Versions 3 to
4.DOC
 - Exhibits to E-Next Generation Agreement CIS02 - Comparison.DOC
 - Exhibits for E-Next Generation Agreement CISO2.DOC
 - 00).DOC


Cost centers 11814 and 27117 are rolling to Texas Gas Trading.

 -----Original Message-----
From: 	Coffey Jr., Jim
Sent:	Tuesday, October 30, 2001 10:05 AM
To:	Parker, Megan; Boyt, Eric; Farmer, Daren J.
Cc:	Bryan, Gary; Pond, Jim; Helton, Susan; East, Laynie; Roberts, Linda
Subject:	RE: TGLO Status

Megan

As I mentioned to you yesterday, it still looks like the volumes for gas delivered to TX GLO do not have Linda Robert's origination fee deducted.  Do we need to execute a PMA with TXGLO to deduct those volumes from the next delievery?

Also isn't there an entry that is missing in your file to capture the $ cost of gas for the gas delivered to TXGLO?  Is that being captured in Unify or is it being manually entered by Gas Accounting?

Darren
Do we need to execute a seperate deal ticket for the origination deduct?

Susan/Laynie
What busines unit are these cost centers rolling up to (11814 & 27117?)

 << File: TGLO GL Account Detail.xls >>

 -----Original Message-----
From: 	Parker, Megan
Sent:	Tuesday, October 30, 2001 9:06 AM
To:	Boyt, Eric
Cc:	Newman, Frank G.; Coffey Jr., Jim
Subject:	TGLO Status

Eric:
I reviewed the gas deals on Franks' spreadsheet and they agree with what is in Sitara.  As soon as I have the October gas numbers, I will forward them to you.

Attached is a spreadsheet of the TGLO deals booked to the GL to help you with our current settlement position.  It is divided by debit/credit entries.  When the sales are booked, a debit hits the customer account to create the open sale to apply the cash to and a credit hits the revenue account (40004000 third party; 40005000 intercompany) for the profit center.

Below is a summary of where we are on the sale dollars to EGM.  I have already sent an email to risk to update the demand fees for the prior months and to book Aug and Sept crude.  I will wait for the go ahead from Frank before I final them to the GL.    Let me know if you have any questions.

Megan

Status of Sales to EGM
Cleared invoices		$3,905,963.20
Open Invoices		$1,177,587.60
To be booked		$3,093,424.22
			$8,176,975.55

 << File: TGLO GL Account Detail.xls >>


On June 29, 2001, the NSTAR Companies (Boston Edison, Cambridge Electric, Commonwealth Electric) made a 317-page tariff filing in compliance with FERC's order that required the companies to amend their Standard Form Interconnection Agreement for Generators.

The amendments have an effective date of May 30, 2001 and include:

- explanation of the role of ISO-New England when redispatch costs materialize
- 120-day Notice to Proceed provision
- new method of allocating costs of upgrades to system protection equipment
- deletion of requirement that generators provide security greater than estimated construction costs
- new indemnification provisions
- compensation for real/reactive power in emergencies

If you would like more information on this filing, please let me know.

Susan Scott
x30596


Steve, correct, it is my understanding that the 7% is dipped into as part of
normal operations.  As you note, this issue along with other technical (e.g.
definition of "day ahead" as used in the order) and non-tech. issues are
being addressed in the draft comments.  Washington counsel has received our
comments and will be producing a draft shortly.  The draft comments will
require a quick turn-around review as comments are due Monday.  We have also
gotten our 2 cents worth into the EPSA draft.  Ray

Steve Walton@ECT
05/03/2001 07:29 PM
To: Ray Alvarez/NA/Enron@ENRON
cc: Alan Comnes/PDX/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, Donna Fulton/Corp/Enron@ENRON,
jalexander@gibbs-bruns.com, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Rebecca W Cantrell/HOU/ECT@ECT, Susan J
Mara/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT

Subject: Re: House and Senate Energy Hearings Today on California/Western
Electric Situation

Ray,
 Commissioner Hebert may have been more accurate than he supposed in his
"Freudian slip". The contingency reserve standard in WSCC is the greater of
the largest single contingency or of a quantity equal to the sum of 5% times
the load portion served by hydro plus 7% for the load portion served by
thermal units.  For 1000 MW served half by hydro and half by thermal, the
contingency reserve would be 60 MW (500 MW *.05 + 500 MW * .07) for a total
of 6%.  As a result, Hebert could be right that price mitigation would be in
place all the time, although I don't think that was what was intended.

 Even if you are meeting the WSCC standard pre-contingency in an all thermal
system (7% reserve standard), every time a unit trips off line the reserve at
that point drops below 7% until more generation comes on line.  Did the FERC
mean to include this contingency recovery period as "any time the reserve is
below 7%?"   These are among the problems we are proposing to address in our
comments to FERC on the order.

Steve

	Ray Alvarez@ENRON
	05/03/2001 05:54 PM

		 To: Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Rebecca W
Cantrell/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, jalexander@gibbs-bruns.com, Phillip K
Allen/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT
		 cc:
		 Subject: House and Senate Energy Hearings Today on California/Western
Electric Situation

I was at the Senate hearing today on FERC's market Monitoring and Mitigation
order, and I would add only a few additional and interesting
regulatory-related details to John's fine summary:

The hearing was contentious- among the Senators themselves, among the FERC
Commissioners themselves, and the interchanges between them.

Gas prices were controversial.  Commissioner Massey kicked off the discussion
on this issue citing a transport basis differential into CA of $10, when it
was less than a dollar in other areas.  He then noted that the high gas cost
would adversely affect the power price under the auction, and that FERC must
act regarding the high transport differentials- "We will never get a handle
on electric prices unless we get a handle on gas prices".  That opened the
floodgates of discussion, culminating with the announcement by Commissioner
Breathitt of FERC's technical conference (notice of which issued today) on
the topic of current and projected interstate pipeline capacity, and adequacy
of infrastructure within CA.  She said that this would shed light on basis
differentials and gas prices.

Freudian slip?  Chairman Hebert was heard to say by various attendees that
price mitigation in the WSCC would apply at all times (in contrast to the
order, which proposes mitigation only during times when reserves reach/fall
below 7%).  Whether he mis-spoke, or not, remains to be seen.

Regarding the issue of how often mitigation would be invoked in CA (i.e.,
Stages 1, 2 or 3):
 Hebert opined "Most of the time".
 Breathitt said "Likely 80-85% of the time".
 Massey was unconvinced.

Several Senators railed at the Commission for "not doing its job" and
threatened that if the Commission did not act, Congress would act.

If you have any questions or need additional detail, please feel free to
call.  Ray

---------------------- Forwarded by Ray Alvarez/NA/Enron on 05/03/2001 06:09
PM ---------------------------

John Shelk
05/03/2001 05:49 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON
cc: Tom Briggs/NA/Enron@Enron, Ray Alvarez/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Chris Long/Corp/Enron@ENRON

Subject: House and Senate Energy Hearings Today on California/Western
Electric Situation

I attended both the House and Senate energy committee hearings today.  House
hearing was in the Barton Subcommittee (Energy & Air Quality).  Senate
hearing was on last week's FERC order on a "soft price cap" and related
issues.  The House witnesses were dominated by California officials: Cal
Energy Commission, Cal Air Resources Board, Chairman of Gov Davis Generation
Implementation Task Force.  In addition, there were witnesses from the
Western Area Power Admin and Bonneville PA.  The Senate witnesses were the
three FERC commissioners.

HIghlights

Chairman Barton said it is still his intention to try to mark up the Barton
bill, H.R. 1647 next week (many on and off the Subcommittee doubt this will
happen; we are gathering political intelligence on those prospects and will
report back with more information and conclusions once that is done);
Chairman Barton also said he may go to California next week.
There was considerable emphasis at both hearings about the alleged role that
higher natural gas prices into California play in the electric power rate
increases; several witnesses focused on difference in alleged transportation
costs for similar differences between California and non-CA states; FERC at
the Senate hearing said that today the commission announced a staff technical
conference for later this month on all aspects of the natural gas market as
it relates to California; a House member from Southern Illinois coal country
attacked California for using only natural gas in its new power plants.
The House witnesses, primarily BPA but also the California witnesses,
attacked the negawatt provision in sec. 102 of the Barton bill; the criticism
was that BPA would be forced to purchase power on the open market at a high
price since it is short, sell it to the DSIs under contract; let the DSI sell
it at market rates and capture the difference; BPA witness said that thus
sec. 102 would make it difficult if not impossible to implement their
strategy to avoid as much as a 200 percent rate increase on 10/1/01; BPA
testimony will make it tough for Members of Congress from that service region
to support sec. 102.
Both hearings also touched on how difficult it would be to actually devise a
price cap; at the House hearing, none of those advocating a price cap among
the witnesses could answer excellent questions about exactly how this could
be done; the witnesses just said "cost plus a reasonable profit" and said
leave the details to FERC; at afternoon Senate hearing, Chairman Hebert had
the staff bring in 15 boxes from one FP&L case to show how a price cap would
take too long to bring any relief to California this summer; he said last
week's soft price cap is much better.
Also on the price cap, Rep. Walden (R-OR)  got the Cal Energy Comm chair to
admit that if the price caps had been in place earlier, California would NOT
have taken the conservation and new generation steps that it has taken
recently.
The interplay among the FERC commissioners was much more contentious than it
was a House hearing on Tuesday, although it could have been worse; when
Senate Chairman Murkowski (R-AK) said that "help is on the way" in the form
of the nominees for the two vacancies, Sen. Dorgan (D-ND) made a comment that
suggested that the confirmation process will not be smooth; the same concern
came from the interplay among the Senators, which was also somewhat
contentious at times.

Please advise if you have any questions or would like further details.


Sorry, Dan.  I have no earnest money contract.  I'm taking this on cold
turkey as no one else has worked on this sale with Earp.  I need everything
from the get go.

Candy

Dan.J.Hyvl@enron.com on 06/06/2001 02:04:34 PM

To:   clbywaters1@aep.com
cc:

Subject:  Re: Crane County 640 Acre Sale

Where is your earnest money contract?  Isn't the information therein.  I
was not aware that we were selling a pipeline to anyone.  Please advise?

                    clbywaters1@a

                    ep.com               To:     dan.j.hyvl@enron.com

                                         cc:

                    06/06/2001           Subject:     Crane County 640 Acre
Sale
                    07:25 AM

---------------------- Forwarded by Candace L Bywaters/HO1/AEPIN on
06/06/2001 07:25 AM ---------------------------

Candace L Bywaters
06/06/2001 07:19 AM

To:   dan hyvl@enron.com
cc:

Subject:  Crane County 640 Acre Sale

While I'm in the process of getting the appropriate information for Mr.
Earp, one question.  Shouldn't we also have a bill of sale to accompany
this document, registering the value to be paid for this property?

Pls advise.

Candy


I highlighted the items I am concerned about (hard copy in your tray) -
please check and make sure they make sense for us to pay.

	Holly Keiser@ENRON_DEVELOPMENT
	04/02/2001 05:35 PM

		 To: Mark Taylor@ECT
		 cc:
		 Subject: March expenses - deadline 04-04-01 2:00pm

fyi...

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com
----- Forwarded by Holly Keiser/ENRON_DEVELOPMENT on 04/02/2001 05:39 PM -----

	Vivian Nguyen/ENRON@enronXgate
	04/02/2001 05:34 PM

		 To: Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: March expenses - deadline 04-04-01 2:00pm

Holly,

Please let me know of any reclasses by the deadline date.

Thank you,
Vivian
5-3995


Karen--regarding press at the WGA event.  There is an opening media conference on Sunday afternoon the 12th and a closing conference on Tuesday afternoon the 14th.  There are only about 20 press types registered to date.  That may change, however, if they get the high profile folks that they are hoping for.  Apparently they are still waiting confirmation on Galye Norton, who they are hoping will be the keynote on  Sunday afternoon.

The governor attendance list is as follows:	Kitzhaber (OR), Kempthorne (Idaho), Hull(AZ), Leavitt(UT), Hoeven (ND), Johnson (NM), Paul's friend Kenny Guinn from Nevada, Geringer(WY), Janklow(SD),Johnannes(NE), Martz(MT).    Aparently Colorada Governor Owens just cancelled this morning, and my understanding is that it has something to do with President Bush being in Denver on the 14th.   California/Washington/Texas/Alaska/Kansas will be represented by someone in each govs office, but not the govs themselves.


Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at 5-7095, Brant Reves at x3-9897, or the Global Credit Hotline at x3-1803.


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/12/2001
08:03 AM ---------------------------
From: Susan Scott/ENRON@enronXgate on 03/09/2001 03:05 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Red Rock open season

See the attached.  The notice assumes Calpine's bid is not binding.


<<...>>

Reminder

The California ISO Distributed Generation Meeting is scheduled to take place
Thursday, August 31, 2000. The meeting is at the ISO Folsom Office,
conference room 101A a & b from 10:30 a.m. to 5:00 p.m. If you cannot attend
the meeting there will be a listen only conference call at 877-381-6004, ID
# 96489, Leader: Don Fuller.

The Distributed Generation White Paper by Jeanne Sole sent to Market
Participants on August 18, 2000, will be the basis of discussion for the
entire meeting. You can reference the White Paper at the California ISO web
page http://www.caiso.com/. Click on the Stakeholder Button to go to
Stakeholder Processes. The White Paper is at Market Participant
Communications posted on August 18.

Thanks to those of you who have sent in your RSVP. For those of you who have
not sent in your RSVP, a reminder may be appropriate. RSVP stands for
Reserve Seat & Verify Provisions, so if you have not sent in your RSVP, you
will either not be present or you will be standing and hungry. Please send
your RSVP by Tuesday, August 29, to Sue Happ AT 916-608-7059 or e-mail at
shapp@caiso.com.

Please contact Sue if you need any additional information.

Don Fuller
Director, Client Relations
California ISO


FYI.  Thought this analysis was interesting - EES would do pretty well under
our current recommendations if we can get the past Negative PX credit paid
for.

Jim

----- Forwarded by James D Steffes/NA/Enron on 01/15/2001 08:04 AM -----

	Scott Stoness@EES
	01/14/2001 11:43 AM

		 To: Roger Yang/SFO/EES@EES
		 cc: Harry Kingerski/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 Subject: Gov Aff Outcome

Roger, I put this together to consolidate my thinking on the gov aff proposal

What I told Gov Aff. is that we are okay with their proposal if they get a
committment that we should be able to buy at the same costs as the utility,
including the low costs of the existing assets.

Math is
10% increase in 2001 causes $70m loss
10% increase in 2002 causes $40m loss
Unwinde 2002 hedge causes $145 gain
 Net is 35m gain for 1st 2 years

Presumably beyond 2002 we are still subject to the 10% increase for 5 years
10% increase for another 4 years = $33m loss
However a $10/MWh gain in 2003/2004 hedge would cause a $24m gain by itself
 Net would be close to a wash or ahead for 2003 and beyond

So overall the proposal is okay with the following risks:
It does not address our outstanding $250m debt from negative ctc to pg&e but
according to gov aff my alt proposal is way to complicated. We cannot
retroactively buy from PG&E.  So we will have to argue that PG&E owes us this
money in the CPUC.
Our large customers, if not on the hook for the expected ctc that results
from this proposal, could say that they refuse to let us take advantage of
the lower costs prices because it comes with a recovery ctc period.  We have
to hope that all customers are required to participate in the ctc regardless
of who serves them.


Gerald:  THere are three executed agreements with Kern River.  All are of
your origination.  They are transaction specific and would not pose any
conflict  to your current proposal.

	Gerald Nemec
	02/25/2001 01:52 PM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: Kern Data Sheet

Kay,  Please see the attached.


Renee,
Wow!  I was so happy to get your email.  Congrats.  You guys make a cute
couple.  I'll try to attend, it is on the calendar.
mike


Dear Mr. Nemec

PCS has some proposed revisions to the Professional Services Agreement
between Enron and PCS.  Would I need to forward these to your attention for
review?  If so, can you please advise what your fax number is and I will only
fax the pages that have changes.

Thank you.

Kelly Fleuriot
Project Consulting Services, Inc.
kfleuriot@hou.projectconsulting.com
Phone:  713-952-7380
Fax:      713-952-7082


i will drive and we will have hoskins drive his car too

To: Matthew Lenhart/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT
Subject: Re: UT

Who's driving and how many cars are we taking?

To: Timothy Blanchard/HOU/EES@EES
cc: Eric Bass/HOU/ECT@ECT
Subject: Re: UT

if shirley hasn't left town yet i think i can get him a ticket.  let him come
even if nobody back out anyway.  it doesn't matter squeezing 1 more person
into the room.


Emily, please print this up for me with attachment.  I'll stop by later to
pick it up.  Thanks.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/14/2000
07:22 AM ---------------------------

	From:  John Goodpasture                           03/13/2000 03:45 PM

To: Bill Cordes/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Rockey
Storie/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Lou Potempa/Corp/Enron@ENRON, Dwight
Larson/Corp/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Sarabeth
Smith/ET&S/Enron@ENRON, Michael Ratner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Timothy J Detmering/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT

Subject: Project EWE ll - possible joint bid

It it becomes desirable to structure the Reliant deal off balance sheet, we
would most likely need a partner, either an industry participant or a
financial entity.  Some potential industry partners might include Nisource,
Utilicorp, or Oneok.  (are there others?)

According to the press, Nisource will need to pay down debt following the
Columbia merger.  However they have a continuing strategic appetite for LDC
assets.  They are/will be a registered Utility Holding Company, so obviously
PUHCA poses no concern for them.

Here is a possible structure for an Enron/Nisource JV purchase of the Reliant
package.  Other Nisource and /or Columbia assets could be added to the
transaction to generate net excess cash for Nisource (presumeably only if ENE
had a strategic interest in the added assets).

Comments please.

JNG


Hi!!! How are you doing???? Gigi told me that we were sick on Saturday !! I
am sorry,I missed you at the party and do hope you have recovered!!  are you
feeling better now???  Let me know if you want to get together for brunch
this Sunday, OK?
Best regards,
Maria Victoria

The information contained in this e-mail message is intended only for the
personal and confidential use of the recipient(s) named above. This message
may be an attorney-client communication and/or work product and as such is
privileged and confidential. If the reader of this message is not the
intended recipient or an agent responsible for delivering it to the intended
recipient, you are hereby notified that you have received this document in
error and that any review, dissemination, distribution, or copying of this
message is strictly prohibited. If you have received this communication in
error, please notify us immediately by e-mail, and delete the original
message.


Can you set up a meeting with Mike, me, Jeff Skilling, and Cliff, to talk
about the international assets, and debt and equity trades around the
assets?  Thanks.  Jeff


Since we will all be swamped trying to get out of here on time tomorrow, I
think we should defer the group meeting.  I will be out of town on the 16th,
so please check your calendars to see if 10:00 on the 9th will work as a
substitute.


Attached is a clean copy of the City of Austin Turbine Agreement
(second document below), as well as a blacline (first document below)
showing changes made to the version that went to GE on February 12. This
draft includes both Lee's and Eric's changes to Exhibit A, as well as
the addition of the contacts for notices in Sections 25.1 and 25.3.  It
also contains a few minor clean-up items identified by Lisa Bills when
she reviewed LV Cogen (e.g., the definitions of Performance Test
Certificate and Performance Test Completion Certificate were out of
order). to complete the agreement, we will need to include the date of
execution and Exhibit H-2.
 <<City of Austin Gas Turbine Agt - v. 5 to v. 7.DOC>>  <<City of Austin
Gas Turbine Agreement Draft No. 7.DOC>>
 - City of Austin Gas Turbine Agt - v. 5 to v. 7.DOC
 - City of Austin Gas Turbine Agreement Draft No. 7.DOC


---------------------- Forwarded by Sabrae Zajac/HOU/ECT on 05/30/2001 12:07 PM ---------------------------

	Enron Capital & Trade Resources Corp.  From:  "Eileen Ponton" <kponton@duke-energy.com>                           05/29/2001 08:37 AM

To:	DAVILA1@TXU.COM, CSTONE1@TXU.COM, MJONES7@TXU.COM, HPL.SCHEDULING@ENRON.COM, LIZ.BELLAMY@ENRON.COM, SZAJAC@ENRON.COM
cc:
Subject:	Re: NOM / ACTUAL VOLS FOR 24TH

I will agree with your nomination of 33.750
----- Forwarded by Eileen Ponton/Houston/PEFS/PEC on 05/29/01 08:36 AM
-----

                    "Charlie
                    Stone"               To:     "Eileen Ponton" <kponton@duke-energy.com>
                    <cstone1@txu.        cc:     "David Avila" <davila1@txu.com>, "Melissa Jones"
                    com>                 <mjones7@txu.com>, HPL.SCHEDULING@ENRON.COM, LIZ.BELLAMY@ENRON.COM,
                                         SZAJAC@ENRON.COM
                    05/25/01             Subject:     Re: NOM / ACTUAL VOLS FOR 24TH
                    04:23 PM

We do not agree with the "nominated" volume.
Our records reflect the following nom. schedule.

     30 rate, eff. 0900 hrs through hour beginning 1400 hrs.
6.250
     60 rate, eff. 1400 hrs through hour beginning 1700 hrs.
7.500
     30 rate, eff. 1700 hrs through hour beginning 0900 hrs.
20.000

                              Total Nominated      33.750

Please review your source data and let us know if you agree with the above.

Thanks,
CCS

"Eileen Ponton" <kponton@duke-energy.com> on 05/25/2001 04:06:50 PM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/ENERGY/TXU@TU, Melissa
      Jones/ENERGY/TXU@TU, HPL.SCHEDULING@ENRON.COM, LIZ.BELLAMY@ENRON.COM,
      SZAJAC@ENRON.COM
cc:
Subject:  NOM / ACTUAL VOLS FOR 24TH

NOM       MCF       MMBTU
27,500         33,109         34,003


He didn't include their % hedged, but assures me that they are all at least
70%
un.

M

"Mahedy, John P." wrote:

> Attached is a list of companies that you've requested. We do not have
> anything published on the topic.
>  Coastal CGP
> Anadarko APC
> Apache APA
> Barrett BRR
> Mitchell Energy MND
>
> Canadians:
> Alberta Energy AEC.TO
> Talisman TLM.TO
> Anderson AXL.TO
>
> -----Original Message-----
> From: Michael D Contant [mailto:mcontant@cypressasset.com]
> Sent: Tuesday, November 28, 2000 11:58 AM
> To: Mahedy, John P.
> Subject: Re: Weekly Valuation (as of close of November 24, 2000)
>
> Mr. Mahedy:
>
> Could I trouble you for a few names (cap-agnostic) with unhedged (at least
> 70%) natural gas positions.  If you have published anything on this topic
> recently I would be very interested in reading that as well.
>
> EOG is all I could come up with, hope you can help.
>
> Thanks for your time,
> Michael Contant
>
> "Mahedy, John P." wrote:
>
>
>
>         Attached is our weekly valuation work as of the close of November
> 24, 2000.
>
>                                                                 Absolute
> Relative
> Group                                           +1.19%
> +3.07%
> Domestics                                       +1.90%
> +3.78%
> Internationals                          +1.15%                  +3.03%
> Refiners                                                +1.48%
> +3.36%
>
>         Figures are total returns including dividends.
>
>         The integrated oil group outperformed the market by 3.07%.  The
> domestics beat the market by 3.78% with UCL (+6.6% relative) delivering the
> strongest and P (+2% relative) the weakest results within the subgroup. The
> internationals outperformed the market by 3.03%.  XOM (+6.5% relative)
> showed the strongest performance while BP (-0.1% relative) lagged the most.
> The refiners also outperformed the market by 3.36%.  VLO (+5.4% relative)
> did the best and ASH (+0.4% relative) delivered the weakest results for the
> week.
>
>         The attached file includes the individual valuation metrics for each
> company.  Just open and hit the print button for easiest viewing.
>
>         <<company.xls>>
> The table below ranks the companies based on the valuation attractiveness.
>
>         This Week (11/24/00)
> Domestics                       Internationals          Refiners
> OXY                             TX                                      ASH
> AHC                             CHV                             TSO
> UCL                             BP                                      SUN
> P                                       RD
> TOS
>                                         XOM                             UDS
>
> VLO
>
>         Last Week (11/17/00)
> Domestics                       Internationals          Refiners
> OXY                             TX                                      ASH
> AHC                             CHV                             TSO
> UCL                             BP                                      SUN
> P                                       RD
> TOS
>                                         XOM                             UDS
>
>
> VLO
> John Mahedy (212) 756 4474
> < mailto:mahedyjp@bernstein.com <mailto:mahedyjp@bernstein.com> >
>
>
>
>
>
>
>


Start Date: 4/21/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042108.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: NFRM

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 8 / Preferred: -825.00 / Final: -824.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  TRADING_SC: WESC
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1


<http://www.forestweb.com/digest/images/news/corps/197.gif>

PULP, WRITING & PRINTING PAPER 10/24/2001

Welcome to Enron's Pulp, Writing & Printing Paper News Service. This daily mailing brings the most recent news headlines right to your inbox. You may also receive this daily service specific to the following areas: 1) Recovered, Container & Packaging; 2) Newsprint; 3) Lumber. To join any of these lists, CLICK HERE <http://www.forestweb.com/fwsnippets/mailinglists/enron_lists.html>.

If you have any comments or feedback, simply reply to this email. If you would like to unsubscribe to the Pulp, Writing & Printing Paper News service, please scroll to the bottom of this email for instruction.

Thanks and enjoy.

Contents

Louisiana-Pacific reports $2 million 3Q loss ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14633>...)
Cascades announces record earnings for third quarter ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14638>...)
Weyerhaeuser managing downturn as well as could be expected-analysts ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14641>...)
IP announces organizational changes; v.p. Smith to retire ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14645>...)
Wickes reports September sales up 4% compared to year ago ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14597>...)
Domtar prepared to work with Quebec and Cree on plan affecting forest management ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14621>...)
Chesapeake 3Q earnings up 18 percent y.o.y. as restructuring continues ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14583>...)
Kimberly-Clark sees higher sales, lower income in third quarter ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14586>...)
Weyerhaeuser 3Q earnings cut in half on 'weak global economic conditions' ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#story14587>...)

Louisiana-Pacific reports $2 million 3Q loss

10/24/2001 06:36:13, BW

PORTLAND, Ore., Oct 24, 2001 (press release) -- Louisiana-Pacific Corp. (NYSE:LPX) today reported a third quarter net loss of $2 million, or ($0.02) per diluted share, on sales of $636 million.
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14633&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Cascades announces record earnings for third quarter

10/24/2001 07:41:58, CNW

KINGSEY FALLS, Que., Oct. 24, 2001 (Canada NewsWire/press release) - Cascades Inc. (CAS, TSE) announces net earnings of $37 million ($0.46 per share) for the third quarter ended September 30, 2001, compared to $26 million ($0.40 per share) for the same period in 2000. Net sales increased by 3.8% during the third quarter of 2001 amounting to $757 million, compared to $729 million for the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $106 million for the period, compared to $97 million a year earlier....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14638&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Weyerhaeuser managing downturn as well as could be expected-analysts

10/24/2001 08:21:39, The Seattle Times

By Drew DeSilver, Seattle Times business reporter

SEATTLE, Oct. 24, 2001 (The Seattle Times) -- The link between the wood-products industry and the broader economy is clear, linear and nearly ine...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14641&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

IP announces organizational changes; v.p. Smith to retire

10/24/2001 08:58:24, PRNewswire

STAMFORD, Conn., Oct. 24, 2001 (press release) -- International Paper Chairman and Chief Executive Officer John Dillon today announced that Executive Vice President C. Wes Smith will retire from the company, effective Jan. 31, 2002....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14645&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Wickes reports September sales up 4% compared to year ago

10/23/2001 09:14:03, PRNewswire

VERNON HILLS, Ill., Oct. 23, 2001 (press release) -- Wickes Inc. (Nasdaq: WIKS), a leading distributor of building materials and manufacturer of value-added building components, today reported September 2001 sales of $86.3 million for the four weeks ended September 29, 2001, compared to $83.0 million reported for September 2000. Same store sales also rose, up 4.1 percent for September 2001 over the comparable period in 2000. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14597&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Domtar prepared to work with Quebec and Cree on plan affecting forest management

10/23/2001 16:04:48, CNW

MONTREAL, Oct. 23, 2001 (Canada NewsWire/press release) -- Domtar Inc. welcomes this morning's announcement made by the Premier of Qu?bec, M. Bernard Landry, regarding an agreement which establishes a new relationship between the Government of Qu?bec and the Cree First Nation. Domtar feels that this agreement will benefit all including the forest product industry....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14621&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Chesapeake 3Q earnings up 18 percent y.o.y. as restructuring continues

10/23/2001 05:43:37, PRNewswire

RICHMOND, Va., Oct. 23, 2001 (press release) -- Chesapeake Corporation today announced net income from continuing operations before nonrecurring items for the third quarter of 2001 of $7.0 million, or $0.46 per share, reflecting an increase of 18 percent over third quarter 2000 net income from continuing operations before nonrecurring items of $5.9 million, or $0.39 per share. Cash basis earnings per share, defined as income from continuing operations before nonrecurring items and goodwill amortization per share, was $0.69 for the quarter ended September 30, 2001, up 6 percent when compared to cash basis earnings per share of $0.65 for the quarter ended October 1, 2000....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14583&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Kimberly-Clark sees higher sales, lower income in third quarter

10/23/2001 06:11:10, PRNewswire

DALLAS, Oct. 23, 2001 (press release) -- Kimberly-Clark Corporation today announced its results for the third quarter of 2001. As previously reported, sales were more than $3.7 billion, an increase of 5.1 percent compared with 2000. Excluding currency effects, sales rose about 8 percent, benefiting from continued volume growth and higher selling prices....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14586&_UserReference=8AA0DC4B14BBC7853BD6E972>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2001&_UserReference=8AA0DC4B14BBC7853BD6E972#top>
  _____

Weyerhaeuser 3Q earnings cut in half on 'weak global economic conditions'

10/23/2001 06:19:24, BW

FEDERAL WAY, Wash., Oct. 23, 2001 (press release) -- Weyerhaeuser Company today reported third-quarter net earnings of $91 million, or 41 cents per share, that include nonrecurring after-tax items of $6 million. ...
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Needs to be vetted with Herman at some point.  If Jake wants to negotiate
something else with GE, I'm all for it.
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/16/2001 01:12
PM ---------------------------

Jake Thomas@ECT
03/16/2001 01:01 PM
To: Carlos Sole/NA/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron, Stephen Thome/HOU/ECT@ECT

Subject: Re: ENA/Hanover Compressor Company: Letter Agreement and LLC
Agreemen t

Has anyone given any more thought to the need for this structure with Hanover
?

From: Carlos Sole@ENRON on 03/16/2001 01:05 PM CST
To: Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT
cc:
Subject: ENA/Hanover Compressor Company: Letter Agreement and LLC Agreemen t

Attached are the form of Letter Agreement and LLC Agreement redacted for
Hanover for you all to forward.  As for the turbine contract, Stephen you
have a copy of that but may want to delete E-Next's name and anything else.


---------------------- Forwarded by Eric Bass/HOU/ECT on 02/23/2001 09:12 AM
---------------------------

BRIAN HOSKINS@ENRON COMMUNICATIONS
02/22/2001 04:36 PM
To: Alicia Perkins/HOU/EES@EES, Denise
Naiser/ENRON_DEVELOPMENT@Enron_Development, Hector Campos/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT, roberto.martinez@enron.com, Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: FW: cat attack

 http://www.adcritic.com/content/peta-bad-cats.html


probably not far from the truth

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Friday, October 26, 2001 1:55 PM
To:	Cuilla, Martin
Subject:	This is where Bruce got his nickname

http://members.iglou.com/lyons/bitchGen.html


Anyone there?  Helloooooo!


I have decided to revive the risk brown bag training sessions.

I need, from each of you, a list of the topics you would like to see covered.  I would like to see topics ranging from the most basic, up - whatever you feel is necessary for your group.  Please provide these to me no later than 04/18.  Feel free to offer anything.  Think about the concepts in the training modules while you are compiling your lists.

Once I have the topics, I will work with you to arrange a logical order to cover them in.  After that  Irena and I will set up a calendar, with approximately one session per month.  I am targeting mid-May for the first session.

The format of each session is up to the presenter, but a couple of suggestions are: a short presentation followed by Q&A, or an open forum.  Each session will be led by one of you, a suitable substitute, Jeff, or I, depending on the topic.  I will schedule, with your input and cooperation, who will present each topic.

I am also sending this note to John and Russ.

John, I ask that you think about OA concepts that you feel will benefit the risk group, help our personnel work better with your group, and help us understand your duties better.  I would like for you to present at least a couple of topics to us.

Russ, if you think there are Sitara issues that would benefit the group, please let me know.

I am open to whether these sessions are mandatory or not.  My feeling is that some should be and others (the ones of a more basic nature) should only be mandatory for those people you feel need that month's subject matter.  Let me know your opinion on this.

With a small investment of your time, I believe this will be an excellent vehicle to get (and keep) topics of interest and training in front of your people.

I look forward to receiving your lists.  Let me know if you have any questions.

Greg


6/7/2001 Thurs

Notice: If any clients or potential clients that are getting duplicate e-mails just reply to this, and let us know and we will remove the extra recaps. If anyone feels that they may be
receiving these in error please kindly reply to have you removed from the list and we are sorry for any trouble we caused you.

IF ANYONE WHO DID NOT GET THE "PDF" FILE ATTACHMENT SHOWING THE THREE YEAR
LONG TERM NUMBERS AND FULL CFTC DISCLOSURE DOCUMENT PLEASE E-MAIL
OR CALL TOLL FREE (800) 773-1713 AND WE WILL RESEND IT RIGHT AWAY

Here were todays trades

"Swing" S/P full size

S 1282.00 open trade 6/6
b 1275.00 close trade 6/7  JUNE
+7.0=$1,750.00
--------------------------------------------------------------------------------------------
B 1275.00 open trade 6/7
s  1269.00 close trade 6/7
-6.0=($1,500.00)               JUNE
---------------------------------------------------------------------------------------------
B 1278.50 open trade 6/7 open equity on close @ 1286.80   "trade still open"
+8.3=$2,075.00                 SEPT
---------------------------------------------------------------------------------------------

E-Mini

S 1280.00 open trade 6/6
b 1275.75 close trade 6/7
+4.25=$212.50                  JUNE
---------------------------------------------------------------------------------------------
B 1275.75 open trade 6/7
s  1268.75 close trade 6/7
-7.0=($350.00)                  JUNE
---------------------------------------------------------------------------------------------
B 1278.75 open trade 6/7 open equity on close @ 1286.25    "trade still open"
+7.5=$375.00                   SEPT
---------------------------------------------------------------------------------------------
Mini Nasdaq

S 1918.00 open trade 6/6 open trade
b 1942.00 close trade 6/7 close trade
-24.0($480.00)                  JUNE
-------------------------------------------------------------------------------------------
B 1972.50 open trade 6/7 open equity on close @ 1977.00  SEPT
-------------------------------------------------------------------------------------------

Commentary:

Todays price action was roll over day and anything can happen when converting to a new contract month. I am rushing to get this recap out, so todays commentary will be very brief.

We did get jobless claims numbers out and they were bearish up 13,000 much more than expected. This data was the largest gain in claims since 9/92'

When rolling contracts in our system it will always create a second trade in the same day. However todays move on the bullish side in the Sept contract has proven to be a very nice
move. As we write this Globex is at 1291.00 and the nasdaq is 2013 Sept. Intel came out with news that was on a positve note and its up 7% in the night market.

Until tomorrow.

For those of you who know me and we have spoken before. Then its no surprise for me to reiterate my (montra) about trading systems that are available to the retail public. Since I was
introduced to "SYSTEM TRADING" back in 1994.00 and have never looked back, I am more convinced that this is the only way to trade the futures markets for long term success. However I
also feel very strong that if anything is good in a computerized non subjective trading program, and that if its going to have any real long term longevity to it, (then why would
anyone sell it?) The fact is from my perspective that anything with real value is kept propritiary or its under management just as our system is.

I found this section in the June edition of Futures magazine, go to page #52 in the middle of the page is a observation from them on tracking systems. And I quote "ALMOST ALL
SUCCESSFUL SYSTEMS THAT WE TRACK ARE LONGERTERM TREND FOLLOWERS OR EXTREMELY SHORT-TERM STOCK INDEX TRADERS. (THE CONSISTENT SHORT-TERM SWING SYSTEM HAS YET TO BE DEVELOPED.) Un quote.
Well folks the fact is yes it has been developed, its just not for sale? I guess traders will just half to settle for being part of a managed acct with us that has shown to make money.

For those potential clients that are following us one very important aspect of our system is that it feeds on a great deal of data that is transmitted from the cash market. And both
technical and cash data is calculated inorder to confirm trend changes.We have our computer models take a look back every hour on the half hour to re check if any trend changes have
been violated regardless of where the futures are.

What most of the retail public has is no idea that infact all the large firms both equity's and futures have there own (platforms) and there own (systems). Its been proven that as long
as one has a sound trading methodology that is coded and it can be looked and judged over long time frames, this is the ONLY way to make gains that can show year after year. Human
intervention has created more losses in the futures markets than I care to think of. It never fails that I talk to traders every day who pound there chest on what they did "today" but
whats more important is to look at what one has done over lets say a three year time frame. This is the secret for long term success.

On the E-mail that has been sent out in the last few weeks on the new market starting 8/21/2001 "Single Stock futures" This will be very exciting for us due to the fact that we will be
one of the first firms in the country to offer this new market in a Managed program with the underlying trading methodology stemming from computer based models. The large firms will
have access to this market first then the retail public will begin 12/21/2001. As long as there are no problems that surface with the CFTC and SEC then Dec looks good.

For those of you who are not aware of the back ground of our programmers they have a history in the Futures and Equity side of the industry from institutional firms that are all
computer based with there own trading programs.

Again for those traders who are not aware of this market we will be able to trade futures on single stock issues. For example IBM will have a contract that will have 100 shares in a
contract. And that will have a life of 90 days just like the current four trading contract months per year. For more details on this market see details below.

CBOE Create Joint Venture on Single-Stock Futures World's Two Largest Equity Derivatives Exchanges to Create For-Profit Company CBOT to Join With Limited
Stake CHICAGO, May 14, 2001

 - The world's largest options exchange and the largest futures exchange in the U.S. are teaming up to introduce a highly anticipated new product - single-stock futures contracts. The
Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange Inc. (CME) today signed a letter of intent to create a joint venture to introduce single-stock futures, following
approval by the boards of directors of both exchanges. The Chicago Board of Trade (CBOT) has also agreed to participate in the joint venture with a limited stake. Legislation signed
into law in December will allow the introduction of single-stock futures by U.S. financial exchanges later this year, after an 18-year prohibition on the products. "Today's
announcement highlights the innovation and entrepreneurial spirit among Chicago's exchanges," said CBOE Chairman and Chief Executive Officer William Brodsky. "This exciting new
initiative combines the best of securities and futures trading. Our willingness to work together on this venture will ensure that Chicago remains the world's center in derivatives
trading and risk management." "The creation of this joint venture recognizes the tremendous synergies of CME and CBOE, making us a formidable competitor in the global marketplace for
single-stock futures," said CME Chairman Scott Gordon. "Our complementary customer bases of retail and institutional investors will benefit from the efforts of all three Chicago
exchanges to establish deep pools of liquidity in these products." "I am enthused that Chicago's exchanges have worked so well together to understand and address our customers' needs
and our members' concerns," said CBOE Vice Chairman Mark Duffy. "We have designed a product that, I believe, will appeal to our customers, and a business structure that will provide
great benefit to our members." "Our largest customers have emphasized the importance of collaboration between the CBOE and CME to combine the capabilities, distribution and
connectivity of the futures and securities worlds," said CME President and Chief Executive Officer Jim McNulty. "This alliance should also provide the highest level of capital
efficiency for our customers who trade in both futures and options." "The CBOT is pleased to work with the leadership of CBOE and CME in this initiative to bring this exciting new
product to our markets," said Nicholas Neubauer Chairman of the Chicago Board of Trade. "The involvement of our members and the access to our customers will make important
contributions to the success of this venture." The joint venture will be a for-profit company, will have its own management and board, and will be separately organized as a regulated
exchange. Single-stock futures will be traded electronically, and orders may be entered through both the new CBOEdirectTM electronic platform and CME's GLOBEX?2 electronic trading
system. CME and CBOE officials said they are engaged in negotiations with the Options Clearing Corporation (OCC), which clears all CBOE transactions, to clear the new products. McNulty
said the negotiations contemplate CME becoming a special clearing member of OCC to provide access for CME clearing members who are not members of the OCC. The exchanges anticipate
contracting with Designated Primary Market-Makers (DPMs) in these products and expect that the board appointed to govern the joint venture will determine the eligibility criteria,
selection process, rights, privileges and duration of such arrangements. Single-stock futures are expected to bring new efficiencies to securities trading, securities lending and
corporate hedging activities. CME and CBOE officials said they also expect to develop rules that would accommodate block trading and exchange-for-physicals (EFPs). The Chicago Board
Options Exchange created and launched the first listed options on stocks in 1973 and the first index options in 1982. Today, CBOE lists options on more than 1,500 stocks and on over 40
indexes, such as the S&P 500, the Dow Jones Industrial AverageSM, the Russell 2000, the Nasdaq-100, and the S&P 100. It remains the world's largest and most successful options
marketplace. Chicago Mercantile Exchange Inc. launched the first successful stock index futures contracts on the S&P 500 in 1982. Today, CME trades futures and futures options on
indexes including the S&P 500, Nasdaq-100, S&P MidCap 400, Russell 2000, FORTUNE e-50? , S&P/BARRA Growth and Value Indexes, and Nikkei 225, as well as its electronically traded E-mini
S&P 500 and E-mini Nasdaq-100 contracts - the fastest growing products in the exchange's history. CME also trades interest rate, foreign currency and agricultural commodity products.
On November 13, 2000, CME demutualized and became a for-profit, shareholder-owned corporation. CBOE is regulated by the Securities and Exchange Commission (SEC). CME is regulated by
the Commodity Futures Trading Commission (CFTC). Additional information about the CBOE and CME can be found at their respective Web sites: www.cboe.com and www.cme.com.

If anyone who would like to chat in more detail on our CTA managed accts please dont hesitate to call me at toll free (800) 773-1713

Thank you

Jerry Jacobs
C.T.A.

IF ANYONE WHO DID NOT GET THE "PDF" FILE ATTACHMENT SHOWING THE THREE YEAR
LONG TERM NUMBERS AND FULL CFTC DISCLOSURE DOCUMENT PLEASE E-MAIL
OR CALL TOLL FREE (800) 773-1713 AND WE WILL RESEND IT RIGHT AWAY

RISK DISCLOSURE STATEMENT

THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL.  YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.  IN
CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:

IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS.

IF YOU PURCHASE OR SELL A COMMODITY FUTURE OR SELL A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR
BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION.  IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN
FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION.  IF YOU DO NOT PROVIDE THE REQUIRED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU
WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.

UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION.  THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A "LIMIT MOVE".  THE PLACEMENT OF
CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A "STOP-LOSS" OR "STOP-LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS
MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION.  THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS
WELL AS FOR YOU.  THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES.  IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES
TO MAKE SUBSTANTIAL TRADING PROFIT TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS.  THIS DISCLOSURE DOCUMENT CONTAINS AT PAGE SEVEN A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED
TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS.  YOU SHOULD THEREFORE CAREFULLY STUDY THIS DISCLOSURE DOCUMENT AND COMMODITY
TRADING BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT AT PAGE FIVE.

YOU SHOULD ALSO BE AWARE THAT THIS COMMODITY TRADING ADVISOR MAY ENGAGE IN TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS.  TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES
INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION.  FURTHER, UNITED STATES REGULATORY AUTHORITIES
MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED.  BEFORE YOU TRADE
YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS
AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.

THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR'S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS.  YOU MUST PLACE ALL FUNDS FOR
TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT.

Global Financial
93 Partridge Dr.
San Rafael Ca. 94901
800 773-1713
415 721-1084 direct
415 457-5088 fax


With Ken Lay's resignation, you undoubtedly have questions about Enron's management structure and what lies ahead for the company.  The purpose of this communication is to begin to answer those questions and lay out the direction we plan to follow as we regroup and rebuild.

First, the Creditors Committee has proposed that the Board of Directors retain an interim CEO to focus on the restructuring process.  This is a positive sign that the Committee believes Enron will provide greater value as a viable ongoing business.

The Enron Board of Directors has approved Stephen Cooper as interim CEO and chief restructuring officer.  Steve is the managing partner of Zolfo Cooper, a corporate recovery and crisis management firm with more than 30 years experience leading companies through operational and financial reorganizations.

Steve and his firm will work with members of Enron's current management to develop and implement a comprehensive plan to restructure the company and emerge from bankruptcy.

As you know, Enron has entered into an agreement with UBS Warburg for the sale of NetCo, Enron's wholesale gas and power trading organization.  In preparation for the transition of NetCo to UBS, Greg Whalley has resigned as president and COO of Enron to assume a position with UBS Warburg.  We want to thank Greg and the NetCo employees joining UBS for their contributions to Enron and wish them great success going forward.

In addition to engaging Steve, Enron has formed an Office of the Chief Executive.  I will join Steve in that office as president and chief operating officer, and Ray Bowen will join us as executive vice president and chief financial officer.

We will provide additional information regarding the roles and responsibilities of Enron's entire management team once those become more fully defined.

Thank you for continuing to support Enron by performing your job everyday.  The ongoing uncertainty about our future, coupled with the constant media scrutiny, makes this situation difficult for all of us. While no one can control the media, we can and will define our leadership and devise our strategy for moving ahead.  And in doing so, we will build a more certain future for our company and our employees.

Link to the press release: http://www.enron.com/corp/pressroom/releases/2002/ene/012902Release.html


If your team would like to contribute to this week's newsletter, please submit your BUSINESS HIGHLIGHT OR NEWS by noon Wednesday, October 24.

Thank you!

Kathie Grabstald
x 3-9610


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007591&Page=
Approval to review and act upon this request.

Request ID          : 000000000007591
Request Create Date : 11/16/00 11:20:13 AM
Requested For       : dan.harrell@enron.com
Resource Name       : EOL US Backoffice  Data Manager
Resource Type       : Applications


Dear Mark

In Yasuyoshi Goto's view the agreements are well drafted and contain nothing
which is likely to cause a problem in Japan.  On the understanding that server
is to be located outside Japan, we have only the following comments:

Time of Execution

Section 3. (c) of the ELECTRONIC TRADING AGREEMENT provides that "Transaction
shall be deemed executed at the time that Enron first signifies its acceptance
of Counterparty's offer, accessible on the Website server."

We understand that this means a contract will be formed when Enron
"dispatches"
its acceptance to its Website server so that the acceptance can be seen by the
Counterparty's computer display (if he has not yet disconnected).  In other
words, the contract will be formed at that time even though the Counterparty
does not see Enron's acceptance (due to disconnection, communication error, or
some other reason).  If this is indeed the intention, the language could
perhaps
be clarified in this regard.  (Since the agreement is governed by New York
law,
we have no objection to the current language if this is clear under New York
Law.  Perhaps the UCC covers the point?)

Governing Law/Jurisdiction

We see no problem with the governing law and jurisdiction provisions as they
are.

Taxation

Would you please confirm the role if any to be performed by Enron Japan in
relation to this business, so that we can ensure that Enron Japan will not be
seen as a dependent agent (and therefore permanent establishment) of Enron
North
America Corp.

Best regards

------------------------------------------------------------------------------
--
--------
This is an e-mail from Baker & McKenzie - Tokyo Aoyama Law Office (Qualified
Joint Enterprise Offices). The contents of this e-mail may be privileged and
confidential and are intended only for the use of the addressee. No one else
may
copy, forward, disclose or use all or any of it in any form. If you are not an
intended recipient, please notify us immediately (by reply e-mail) and delete
this e-mail from your system. Thank you


---------------------- Forwarded by Chris Germany/HOU/ECT on 11/30/2000 09:10
AM ---------------------------

Chris Germany
11/30/2000 08:27 AM
To: John M Singer/Corp/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Angie
Zeman/Corp/Enron@ENRON, Meredith Mitchell/HOU/ECT@ECT, Cynthia
Franklin/Corp/Enron@ENRON
cc:
Subject: Singer Deal Tetco M2

The following info was provided to me by Leah Moss at Tetco.

Meters 71979 and 71980 are on non-contiguous laterals.  Tetco doesn't know
how this gas flows.  They are still checking into this one.  It may actually
flow into CNG.,

Meters 72554 and 72803 are "normal" Tetco M2 meters.  This gas is a backhaul
to Winridge and Hooker [make sure you use the backhaul contract] and a
forwardhaul to Delmont and Oakford.  The forwardhaul fuel is 4.11%.


Attached is the latest version of the SCE Complaint.  The plan is to file it
tormorrw (August 30th).

 <<X27336.DOC>>

Jeanne Bennett

 - X27336.DOC


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/29/2000
08:27 AM ---------------------------

VKaminski@aol.com on 11/28/2000 11:23:52 PM
To: rcsla@yahoo.com
cc: vincek@leland.stanford.edu, Ludkam@aol.com, vkamins@enron.com
Subject: Interesting

 CBS News | CAMPAIGN 2000 | Gore Gets Gonged| 250


That state will never be the same.  My prediction is that the state will be
bankrupt within the next 2 years unless the Federal Gov't bails it out.  I
hope
Lowery has held off on buying his house.

Talk to you this weekend.  I blew off the Montana trip so I'll be home.

KR


Please prepare confirmations using this worksheet.

thanks
brant


per my voice mail - c me
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/14/99 06:58
PM ---------------------------

Sheila Tweed
09/14/99 06:15 PM
To: Laura Luce/HOU/ECT@ECT, Gregg Penman/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Enron Guaranty

Sara, would you please confirm that the additional changes being requested
are consistent with the Enron Corp. Guaranty for the ISDA Swap Agreement?
---------------------- Forwarded by Sheila Tweed/HOU/ECT on 09/14/99 06:10 PM
---------------------------

j.nassos@pecorp.com on 09/14/99 05:52:53 PM
To: Sheila Tweed/HOU/ECT@ECT
cc: p.kauffman@pecorp.com, m.klyasheff@pecorp.com
Subject: Enron Guaranty

Sheila -

Attached are my comments to the Enron Corp. Guaranty.  The form you prepared
did not include the revisions proposed in the last round of ISDA Guaranty
negotiations which were agreed to by Sara Shackleton, and I have added them
in the attached marked draft.

Also, you will note that in our earlier discussions last week North Shore
Gas contracts were not addressed, and I have attempted to do so here.

We are still looking at the issue of whether specific designation of the New
York "Commercial Division" for state courts is acceptable, and expect to
have an answer tomorrow morning.  Also, I have added some additional
language more typical of an exclusive jurisdiction clause generally.

No one else at Peoples has seen these comments, so they remain subject to
further change.

Pleae call me if you wish to discuss (312-240-4413).

 <<Peoples Guaranty.doc>>

 - Peoples Guaranty.doc


you are wonderful - but you do not have to do it if you get busy or
whatever!? Did I tell you that I had my "." key remapped to "!"

-----Original Message-----
From:?? Jeff.Dasovich@enron.com [SMTP:Jeff.Dasovich@enron.com]
Sent:?? Tuesday, November 21, 2000 3:04 PM
To:???? Nancy.Sellers@RobertMondavi.com
Subject:???????

ok.? i'm on for stuffing and cranberry sauce.


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Thanks for confirming Mark's participation.  Mary Solmonson, one of my direct
reports, will be sending information to your attention on the following:

Specifics on location of meeting at Rice Hotel
Attendee list (names, titles, operating companies)
Brief background on Mary Solmonson's Global Database Management Group
Suggested  talking points for Mark's talk
Agenda for the meeting

We will be sure to get this informaiton to you by Friday of this week, so
that you can provide Mark with a copy when he is in the London office on
Monday.

Thanks for your help--Sally

Nicki Daw@ENRON
06/06/2000 11:30 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: 16 June meeting

Just to confirm that Mark Frevert has blocked out 9am-10am on Friday, 16th
June for the internal conference you are arranging.  He said that you will be
sending over further details by the end of this week, would you mind sending
them to me so that I can pull them off for his return on Monday?

Thank you

Nicki
(+ 44 20 7783 5457)


> -----Original Message-----
> From: Donny Cox
> Sent: Thursday, October 05, 2000 2:32 PM
> To:   Rob Adams
> Subject:  FW: Do Not take this guy hunting!
>
>
>  <<AHMED.MPEG>>

 - AHMED.MPEG


Reservation status has changed to RECEIVED. See attachment.

ASSIGNMENT_REF = 30823
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - FOURCORNE230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = FOURCORNE230
SOURCE = FOURCORNERS3
SINK = FOURCORNER2
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 06/16/2002
STOP_TIME = 06/16/2002
CEILING_PRICE = 3.13
OFFER_PRICE = 3.13
BID_PRICE = 3.13
PRICE_UNITS = $/mW
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 = lisa.gang@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 06/14/2002
RESPONSE_TIME_LIMIT =
TIME_OF_LAST_UPDATE = 06/14/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS = FOR INFO CALL (503)464-5070
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
REASSIGNED_START_TIME =
REASSIGNED_STOP_TIME =


Obviously, we barely survived without you.

Kay


Susan:  Would you please follow up with Bridgeline now as I am preparing a
futures agreement for them!  We need them to get their act together.
Thanks.  Sara


You guys have no chance of building a strong presence here at Enron.  Susan
and I will make sure of it.

Stick to the Galant Night and Blancos.


To all whom it may concern:

I would like to register my associate Zimin Lu as my guest
at Power 2000 conference in Houston in May. Thanks.

Vince Kaminski
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/17/2000
08:04 AM ---------------------------

Shirley Crenshaw
02/16/2000 12:58 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Zimin Lu/HOU/ECT@ECT
Subject: power 2000

Vince:

I tried to register Zimin and they said that you would have to do it - since
you are the speaker and the spot is your free spot.

You can Email them the information.  They will need:

Name:   Zimin Lu
Title:   Director
Company:  Enron Corp.
Address:  1400 Smith Street EB1967
Phone:   713-853-6388
Conference Name: Power 2000 - Houston, TX -  May 9 & 10, 2000

Email the information to:  conf@risk.co.uk

Thanks!

Shirley
3-5290

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 02/16/2000
12:54 PM ---------------------------

Zimin Lu
02/15/2000 02:22 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: power 2000

Shirely,

Could you register me for the power 2000 conference in Houston as Vince's
guest ?
Since Vince is a speaker, I can attend for free.

Zimin

To: Zimin Lu/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Power 2000

Zimin,

You are the 1st. Feel free to register as my guest.

Vince

Zimin Lu
02/14/2000 02:59 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Power 2000

Vince,

Could you take me as your guest for the Power 2000 conference if
no one has asked already ?

There are a few interesting topics I would like to hear.

Zimin


Stephanie,

I need to be able to trade US Gas Spreads.  Specifically the new west region products spreading malin and pg&e vs. socal.  Please make this change and call me back this morning.

Thank you,

Phillip


Steve--touching back to a conversation we had two weeks ago, I have set an appointment to meet with Norm Coleman here in Minnesota to go over energy issues and Enron interests.  As a Mayor he has been heavily supported by Xcel (old NSP).  My sense is that he is going to line up along the lines of the Bush administration energy plan.  I'll send an e mail out to all on this list once I have met with him to keep everyone in the loop.

Sue Walden may already have contacted you about the timing on an event hosted by Mr. Lay for Norm in Houston.  The Coleman folks originally had wanted something this month, but it looks like a January or February date is going to work better.


it is gonna be the bomb dog.  i will try to get you and celeste a ticket


Attention and Action required by Real Time employees that have an Enron sponsored cell phone.  Real Time employees should be receiving a rebate check in the mail very soon.  The rebate is for the service set-up we have established for you through AT&T Wireless.   Please forward these rebate checks over to Bill Williams III or myself.

If you have any questions you can come see me or e-mail.

Thank you,
Jill


Hotel:  Four Seasons Boston, 200 Boylston - Conf#93679640 (Tel. 617.338.4400)


Sally,

This includes most of the suggestions Andy made (all the word/format related
ones, at least).  The only one I have not made relates to our discussion
about adding a slide that outlines the history behind the Operations Pricing
Desk and the various factors considered in building it.  Please let me know
if you,re busy and want me to glean the information from the slides you have
archived.

Lets talk about it in more detail tomorrow.  If you need me at anytime,
please feel free to contact me on my cell phone at 281.704.1060

Regards,
Rahil
3-3206


Dear E204-1 and E204-2 Students,
Next time, I will keep my cursor away from the Send button until I've
finished with my message!  Here are the attached sheets with the
student sign-ups.  Refer to the prior message (Subject-less) for
notes on who has been added/deleted from a team.  Team Assignment #1
is due by 6 PM Wed (4/19) or Thurs (4/20) according to your team
listing (as attached).  1-pt penalty for each day late.  All team members
must print Last Name, First Name and initial the front sheet, which is to be
handed in as the front-sheet to your report.  You do NOT have to use color
printing, a binder, etc.  However, you should print out your Excel
spreadsheets
with the row and column labels (use Format - Page Setup commands to print
lines
and row/col labels, and you can print Landscape if it fits your spreadsheet
better.
To print the formula cells, you can hit Control - ~  (the tilda key in
upper left of keyboard) together, and the spreadsheet will display the
formulae for printing
--make sure the columns are wide enough to display them.  You should show your
original spreadsheet, formula cell spreadsheet, and final/optimal
spreadsheet for
the problems, with clear labels as to which problem part they refer.  You
should also
print the (completed) Solver Dialogue Box (you can click on it and
paste/copy it).
The presumption will be that anyone whose name is not printed and initialed on
the front sheet of the report did not contribute and will not earn credit.
--Tom McCullough

=======================================================================
Tom McCullough
Senior Lecturer
Haas School of Business
University of California at Berkeley
==========================================================================


Wed. the 1st of Nov. is good. Same time and place?

	"Nickolas Lorentzatos" <nlorentzatos@br-inc.com>
	10/23/2000 03:41 PM
	Please respond to nlorentzatos

		 To: <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: lunch change

Richard,

I just found out I am going to be out of town Wed-Frid, so I won't be
available for lunch on Wed.  Can we reschedule for next Tues or Wed?

Sorry, but duty calls.

Thanks,

Niko

Nickolas J. Lorentzatos
Attorney - Litigation
Burlington Resources, Inc.
713-624-9326
713-624-9613 (fax)
nlorentzatos@br-inc.com


---------------------- Forwarded by Eric Bass/HOU/ECT on 09/28/2000 09:46 AM
---------------------------

	Enron North America Corp.

	From:  Shanna Husser @ EES                           09/28/2000 09:24 AM

To: Eric Bass/HOU/ECT@ECT, ccampbel@tosco.com, jkcarruth@fedex.com, Misti
Day/HOU/ECT@ECT, daphneco64@bigplanet.com, lhusser@aol.com,
DTraylor@columbiaenergygroup.com, mshuggies@aol.com, jennifer@chescom.net,
scrilla364@aol.com, jennmmyers@hotmail.com
cc:
Subject: FW: TeasingCat.MPG 2.mpeg

---------------------- Forwarded by Shanna Husser/HOU/EES on 09/28/2000 09:22
AM ---------------------------

Kim Chick
09/28/2000 09:13 AM
To: Shanna Husser/HOU/EES@EES, Emily Allwardt/LON/ECT@ECT, Angie
Ramirez/HOU/EES@EES, jenn_stew@hotmail.com
cc:
Subject: FW: TeasingCat.MPG 2.mpeg

 - TeasingCat.MPG 2.mpeg


I am pleased to announce the formation of the Enron Management Committee.  The Management Committee comprises our business unit and function leadership and will focus on the key management, strategy, and policy issues facing Enron.  The Management Committee will supplant the former Policy Committee and will include the following individuals:

Ken Lay - Chairman and CEO, Enron Corp.
Ray Bowen - COO, Enron Industrial Markets
Michael Brown - COO, Enron Europe
Rick Buy - Exec VP & Chief Risk Officer, Enron Corp.
Rick Causey - Exec VP & Chief Accounting Officer, Enron Corp.
Dave Delainey - Chairman and CEO, Enron Energy Services
Jim Derrick - Exec VP & General Counsel, Enron Corp.
Janet Dietrich - President, Enron Energy Services
Jim Fallon - President & CEO, Enron Broadband Services
Andy Fastow - Exec VP & CFO, Enron Corp.
Mark Frevert - Chairman & CEO, Enron Wholesale Services
Ben Glisan - Managing Director & Treasurer, Enron Corp.
Mark Haedicke - Managing Director & General Counsel, Enron Wholesale Services
Kevin Hannon - CEO, Enron Global Assets & Services
Stan Horton - Chairman & CEO, Enron Transportation Services
Jim Hughes - President & COO, Enron Global Assets & Services
Steve Kean - Exec. VP & Chief of Staff, Enron Corp.
Louise Kitchen - COO, Enron Americas
Mark Koenig - Exec VP, Investor Relations, Enron Corp.
John Lavorato - President & CEO, Enron Americas
Mike McConnell - President & CEO, Enron Global Markets
Jeff McMahon - President & CEO, Enron Industrial Markets
Jeff Shankman - COO, Enron Global Markets
John Sherriff - President & CEO, Enron Europe
Greg Whalley - President & COO, Enron Wholesale Services

	After we convene the Management Committee later this week, I will make a further announcement regarding the Executive Committee.


Chris Holmes will be in California next week and wanted me to check your
availability to meet with him next Tuesday, May 8th.
Please let me know at your earliest convenience.  Thanks.


You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  daphneco64@alltel.net
Date:  Fri, 28 Dec 2001 09:28:35 -0600
Subject:  wedding expense who pays for what wedding hints . Country Weddings . wedding gu
Attachment Type: Scenarios/Incoming/Inbound URL Catcher: A filename matching the file mask was detected: 'wedding expense who pays for what wedding hints . country weddings . wedding guide.url'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

North American Resolution Center: 713 853 1411
European Resolution Center: 0044 207 78 36777
EES Help Desk: 888 853 9797
ETS Solution Center: 713 345 4745 (Houston) or 402 398 7454 (Omaha)

Please DO NOT reply to this address as it is not a monitored system mailbox.


Jan,

I've had a change of heart about travelling.  Please reinstate my travel schedule for the Enron Legal Conference next week.

Steve


John,

I have the electronic versions of my presentations on my laptop.
I shall E-mail both presentations to you tonight.
Thanks for your interest.

Vince

"O'Brien John" <jobrien@snowyhydro.com.au> on 07/18/2000 02:15:09 AM
To: "Vincent Kaminski (E-mail)" <vkamins@enron.com>
cc:
Subject:

Vincent,

I had to leave the conference early today, and I've just realised back in
the office as I went through my conference notes that I didn't receive a
copy of your presentation.  I'm not sure whether you gave out copies of your
presentaton or not.  However, if you did distribute copies at the
conference, would you be able to email me a copy?  No problems if you did
not give out copies or if you haven't got a copy handy.

Kind regards,

John O'Brien
Manager, Treasury & Risk Management
Snowy Hydro Trading Pty Ltd
Level 17, Bligh House
4 Bligh Street
Sydney NSW 2000


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Tuesday, November  27, 2001
                                                                                (Trade Date of Monday, November  26, 2001)
Click here to access index history


82

michael.byrne@americas.bnpparibas.com on 10/11/2000 08:17:21 AM
To: michael.byrne@americas.bnpparibas.com
cc:
Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey

Good Morning,

Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.

Last Year      +49
Last Week      +78

Thanks,
Michael Byrne
BNP PARIBAS Commodity Futures

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