Martha,

What is this?  I thought Bobby was permanent many months ago?  What did I miss?   K.

 -----Original Message-----
From: 	ETS Solution Center,
Sent:	Thursday, August 16, 2001 4:55 PM
To:	Enron Everyone_ET&S_Houston@ENRON
Subject:	Organization

From the Desk of Lee Ferrell

I am very pleased to announce that Bobby Mason has recently accepted a permanent position as Account Director in the Risk Management & Reporting Group reporting to me.  As a contract employee since June 2000 Bobby has been instrumental in the development and implementation of Dashboard and Pipeline Profile.  He will continue to be involved in the further development of these products.

Bobby has a broad energy background including Gas Supply, Transportation, Operations, Trading and Origination.  He has both retail and wholesale gas and power experience.  Prior to Enron, Bobby worked for Transco/Williams for 13 years.  His last position was Senior Account Director for Williams where he was responsible for Gas & Power Origination.  Bobby has a B.B.A. in Marketing from the University of Houston.

Please join me in welcoming Bobby to the Group.


Attached is the proposed contract with Oneok.  Since it is a maximum rate
deal, there is no discount letter.  However, I am circulating this for
approval because it contains a special provision (found in the "Other"
section) regarding marketing of capacity for release, as allowed by Section
30.8 of the General Terms and Conditions of Transwestern's tariff.

Christine, you and Michele will need to fill in the address and account
information.  My sincerest apologies for operating outside the usual
contracting procedure but since time is even more of the essence that usual
here, I felt it was best to get a pro forma version of this out for approval
as soon as possible.

Please e-mail your approval to Christine and me by noon tomorrow if
possible.  Thank you.


Thank you for taking time-out to call George Roberts at KKR prior to the O-I
Board meeting yesterday.  As you can gather, we are stalled with O-I, in part
because the executive management seems preoccupied with other issues to the
point where it is reticent to engage with the O-I decision makers appointed
to negotiate with Enron.

Hopefully, with some interest at the Board level, O-I executive management
would be motivated to direct its negotiators to engage and finalized the
deal.

Please advise me if there is any follow up to be completed through you or
directly with Mr. Roberts.


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 03/01/2001 04:40
PM ---------------------------

	Enron North America Corp.

	From:  Michael M Driscoll                           03/01/2001 04:26 PM

To: Mike Grigsby/HOU/ECT@ECT
cc:
Subject: implied heat rates


From the conference call today, I realized you had not been copied on my memo
relating to Brazil taxes.

Hope this helps you understand the current tax situation.

Regards

Lynn
---------------------- Forwarded by Lynn Aven/ENRON_DEVELOPMENT on 06/02/2000
02:40 PM ---------------------------

Lynn Aven
06/01/2000 07:19 PM
To: Remi Collonges/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Joe
Kishkill/SA/Enron@Enron, Rick Hopkinson
cc: Kent Castleman, David M Rosenberg/SA/Enron@Enron, Don
Black/SA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron

Subject: PIS/Cofins taxes on Brazil Trading Operations

Under current Brazilian tax law, the general rule is that  PIS/Cofins taxes
are due on the gross revenue that a a company receives.  In regards to
certain activities, including the trading activity that Enron wants to engage
in, there is a position that is supported by various law firms and by Arthur
Andersen that the PIS/Cofins tax is payable only on the trading margin.  We
have received a written opinion from the LaCaz Martin law firm supporting
this position and Arthur Andersen has advised that they have a number of
clients that are taking this position in filing their PIS/Cofins tax returns.

Discussions with LaCaz Martins have indicated that the position they advocate
is not one that the Brazilian tax authorities will currently follow nor one
that is without risk.    Arthur Andersen has confirmed that their clients who
take this position are required to  book a reserve for financial accounting
purposes pending the resolution of the issue.  Consequently, the earnings
impact of the PIS/Cofins tax will be the same for financial reporting
purposes whether or not the cash taxes are paid.  (LaCaz acknowledges that
the reserve must be booked)

There seems to be a great deal of optimism in Brazil that the PIS/Cofins will
be clarified as part of the pending tax reform.  The current proposals that
are being considered clearly state that the PIS/Cofins tax will be a
noncumulative tax similar to the ICMS (VAT) tax that exists.    Tax reform
appears to be a priority right now and hopefully there will be a resolution
of this issue so that we can move forward knowing that Enron's trading
margins will not be negatively impacted by the imposition of the PIS/Cofins
tax on the total revenue.

Unfortunately, the proposed legislation is anticipated to become effective in
2003, based upon an ageement between the President of Brazil and the
legislature that serves to keep the tax revenues high in the short term in
return for implementing a tax regime in later years that will support
business development.  This leaves Enron with the issue of how to treat
trading transaction that are consummated before 2003.

If the Enron trading company pays the PIS Cofins tax on its net margin rather
than on it gross revenue under the current law that is anticipated to be in
place until 2003, there is a strong likelihood that the revenue authorities
will asses additional tax.  Resolution of that tax dispute can be decided at
the Supreme Court level.  Our advisors have indicated that the resolution of
the dispute at the Supreme Court does involve some  political issues and
that the taxpayer is more likely to get a favorable decision if the dispute
is resolved after the law has been changed.  In other words, although the
taxpayers have a strong argument to pay the tax on the net margin under the
current law, the Supreme Court would likely not rule in their favor because
of the current political climate but would likely rule differently once the
law had been clarified and the intent clearly stated.

I am hopeful that we will get a resolution of the application of the
PIS/Cofins tax before the end of 2000.    We can then know for certain that
only the trading margins will be subject to the PIS/Cofins taxes.  However,
even if we get a favorable resolution, we still need to assess the risk for
the years prior to the effective date of the legislation.    Not only is
their the possibility that the tax will be assessed for years prior to the
effective date of the new legislation, there is the possibility that
penalties and interest will be imposed.   I am working with Arthur Andersen
in quantifying the exposure to interest and penalties and determining various
legal processes to minimize those costs should the trading company get an
assessment.

Getting tax relief under our broad tax reform legislation will be the easiest
way to achieve the goal of limiting the impact of the PIS/Cofins tax.
However, if tax reform does not succeed, Enron may need to partner with
financial institutions that are attempting to do similar trading
transaction.  Financial institutions and their lobbyists in Brazil have a
much better track record in getting industry specific tax relief.

I will continue to monitor tax reform.  Our advisors have indicated that the
tax reform movement is so strong that Enron would likely have little impact
on the process if it were directly involved in monitoring change.     The
issue to get directly involved in tax reform needs to be made by ESA
management.  I will be glad to help develop the issues so that the
appropriate persons can present the case for tax reform if deemed necessary.

Regards

Lynn


George, thanks for the email and update.  We do want an update on a daily
basis but don't want you to spend time typing everything up.  I think VMs are
faster.
thanks,
m


All,

      Here is the information on the blue jean shirts.  The exact price is
as follows:

M - XL         $22.65
XXL             $23.90
XXXL           $25.15

Please turn in your money to me as soon as possible.  The total for all the
shirts we have ordered is $551.  I have already made arrangements to pay for
half up front, due to such a high dollar order.

Pass the word on to those not on e-mail (Evelyn Morris, Evelyn Jackson, Nina
Nazir-ud-Din, Pamela Watts, Annette Richardson, Georgia Gillum, Danise
Johnson, Jackie Stewart, Marylyn Green, Ethel Ford, Cheryl Sumbler, and
Cheryl Curry). We need to try and have the money by Powertime on Wednesday.
If you need an accomodation, please let me know.

If you know of anyone else wanting a shirt, please get with me as soon as
possible.  I thought maybe the following might want a shirt (Rev Jacque,
Bobbie Poledore, Katherine Dailey, Valerie Piper).  It would be nice if all
women had one.

Also, thank Joe Stewart when you see him, for making all the arrangements
for us.

Thanks,
Denise


We received the executed EEI Master Power Purchase and Sale Agreement dated 7/26/01 from the referenced CP.  A copy will be scanned into Livelink.


Just in case you couldn't locate the Rabobank info.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/12/2001 05:29 PM -----

	Leslie Linares@ENRON
	01/08/2001 11:17 AM

		 To: Jeff Nogid/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Details on Enron North America

Jeff,

Here is the e-mail that accompanies the voicemail message you received.

Thanks,
Brenda Funk
----- Forwarded by Leslie Linares/Corp/Enron on 01/08/2001 11:16 AM -----

	"Hoekema, AH (Andries)" <HoekemaA@RABO-BANK.COM>
	01/03/2001 11:21 AM

		 To: "'gareth.bahlmann@enron.com'" <gareth.bahlmann@enron.com>
		 cc: "Thomas, JA (Jane)" <thomasja@RABO-BANK.COM>, "Lauber, M (Mark)"
<LauberM@RABO-BANK.COM>
		 Subject: Details on Enron North America

Dear sir,

Your name and email address were forwarded to me by Jane Anne Thomas in our
Legal department. We are working on a structured trade with the Royal Bank
of Canada (project Cerberus) that involves Rabobank entering into a
derivative contract with Enron North America.
I am looking for the following information on Enron North America that we
need to start the processes of opening counterparty accounts and preparing
an ISDA master agreement:

- Full legal name;
- Registered Address;
- Telephone Number/Fax Number;
- Legal/Documentation contact name.

I would be very grateful if you could supply me with this information.

Regards,

Andries Hoekema
Structured Products Group
+44 20 7664 9803
+44 7879 487 550 (mobile)

==============================================================================
==================
This electronic message (email) and any attachments to it are subject to
copyright and are sent for the personal attention of the addressee. Although
you may be the named recipient, it may become apparent that this email and
its contents are not intended for you and an addressing error has been made.
This email may include information that is legally privileged and exempt from
disclosure. If you have received this email in error, please advise us
immediately and delete this email and any attachments from your computer
system.Rabobank International is the trading name of Co"peratieve Centrale
Raiffeisen-Boerenleenbank B.A. which is incorporated in the Netherlands.
Registered with the Registrar of Companies for England & Wales No. BR002630
and regulated by the SFA for the conduct of investment business in the UK.

The presence of this footnote also confirms that this email has been
automatically checked by Rabobank International for the presence of computer
viruses prior to it being sent, however, no guarantee is given or implied
that this email is virus free upon delivery.


Hi Stinson, as per my discussion, here is e-mail to let Vince know about the
subject.

We have requested the following office spaces for Network planning (Jim
Irvine)--optimization work, etc. and other EBS support personnel.

For network planning and traffic Engineering:

-  1 director level space ( to be used by Jim and other EBS research people
as needed when Jim is not there) and  four other cube space (Chonowee, Martin
Lin, and two students.

For other EBS activities:
- 3 or 4 summer interns and analysts level space for other EBS people (Roman
and other students).

This is what Kristy is going to request and get it into the office space
request loop. We should be able to get into most of the space that I have
requested.

Ravi.


Did you get this?  The address for you looks odd.
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/05/2000 10:22
AM ---------------------------

karla.hesketh@us.abb.com on 06/29/2000 02:12:27 PM
To: ben.jacoby@enron.com, kay.mann@enron.com, kclark3@enron.com
cc: dennis.bowman@us.abb.com, frank.chmiel@us.abb.com,
michael.o.sandridge@us.abb.com

Subject: Enron Corrected Option Letter Information for Contract Purposes
-LMSK-2001

---------------------- Forwarded by Karla Hesketh/Field_Marketing/USTRA/ABB on
06/29/2000 10:31 AM ---------------------------
Ben/Kay/Kathy,

Attached is the revised pricing for the 3 types of transformers for the
LMSK-2001 contract along with Schedule 1A, 1B and 1C reflecting the latest
transformer designs.  This information is for incorporation into the final
contract.

(See attached file: ABBoption6000may12rev5.doc)

Please call if you have any questions.  Mike will be at Enron tomorrow should
you need to discuss this final pricing and design information with him.

Regards,
Karla Hesketh

Karla Hesketh\ABB
Ph: 713-821-4016, Fx: 713-821-3526

 - ABBoption6000may12rev5.doc


David

Thanks.

I shall get in touch with you a few days before to
coordinate the details.

Vince

From:  David Port @ ENRON
        01/09/2001 07:47 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Rick Buy/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Re: Meeting on Feb 8, 2001

Vince

I will be available.

DP

Vince J Kaminski@ECT
01/08/2001 12:06 PM
To: Rick Buy/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON, John L
Nowlan/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT

Subject: Re: Meeting on Feb 8, 2001

FYI.

This is the list of the Petronas executives visiting Enron on Feb 8.
I have invited them to lunch. Would you like to join me for lunch.

I would like to propose a short courtesy meeting at 10  with Jeff/John (5 -
10 minutes),
followed by RAC/Research presentation till 11:30.

Vince

P.S. I shall reserve a conference room for this meeting

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
10:02 AM ---------------------------

azminab@petronas.com.my on 01/07/2001 06:37:33 PM
To: Vince.J.Kaminski@enron.com, Shirley.crenshaw@enron.com,
KhairuddinBMJaafar@petronas.com.my
cc:
Subject: Re: Meeting on Feb 8, 2001

Dear Kaminski

4 members from Corporate Risk Management Unit

1. Iqbal Abdullah   - General Manager
2. Nur Azmin Abu Bakar   - Head, Risk Assessment & Controls
3. Zulkifli A Rahim - Head, Risk Measurement & Systems
4. Adnan Adams - Head, Special Projects

Regards

Vince.J.Kaminski@enron.com on 03/01/2001 09:45:02 PM

To:   azminab@petronas.com.my
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Subject:  Re: Meeting on Feb 8, 2001

Dear Mr. Nur Azmin Abu Bakar,

Thanks for your prompt reply.

Please, let us know how many members of your team will
visit Enron.

I look forward to our meeting on February 8.

Vince Kaminski

azminab@petronas.com.my on 01/02/2001 06:38:33 PM

To:   Vince.J.Kaminski@enron.com, KhairuddinBMJaafar@petronas.com.my,
      Shirley.crenshaw@enron.com
cc:
Subject:  Re: Meeting on Feb 8, 2001

Dear Kaminski,

  Happy New year and thank you for the reply.  We are honored to have
lunch with you and your team however we have another appointment at
2.30p.m.

Regards

Vince.J.Kaminski@enron.com on 03/01/2001 07:38:19 AM

To:   azminab@petronas.com.my
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Subject:  Meeting on Feb 8, 2001

Dear Sir,

I would like to apologize for the delay in responding to your fax.
I was on vacation for the last few days.

I shall be honored to meet your delegation on Thursday, February 8 at 10:00
a.m.
Please, let me know if you will be free for lunch after the meeting.

Vince Kaminski


Mark,

Where do we stand on putting Prebon changes in the Beta.  Thanks for the help
on the Amerex  contract yesterday.
---------------------- Forwarded by Bob Shults/HOU/ECT on 02/23/2001 09:31 AM
---------------------------

"Lee C. Taylor (NJ)" <LCTaylor@prebon.com> on 02/16/2001 03:48:31 PM
To: "Mike Bridges (E-mail)" <Michael.Bridges@enron.com>, "Bob Shults
(E-mail)" <Bob.Shults@Enron.com>
cc:
Subject: Fee Agreement and BETA

I thought it would accelerate the process somewhat if I explained my
confusion with the recently received Fee Agreement and Broker Electronic
Transaction Agreement.  After working for several weeks on the language of
the Letter of Intent, it was discouraging to receive the BETA and the Fee
Agreement.  The following comments below highlight what I see as the primary
commercial areas of difference between the LOI and the draft documentation:

* No commitment by EOL that prices on EOL and the broker website will
be the same.
* No reference to the fact that credit will be checked simultaneously
with Prebon's clicks to trade.
* No mention that Prebon Energy has no obligation to transact on the
website.
* No commitment by EOL to provide access to the website, even if
Prebon is restricted from executing transactions on a voice basis.  (In
fact, the BETA expressly states that access can be denied.)
* No commitment by EOL to provide prices continuously during normal
business hours.
* No mention that Prebon will not have any liability for settlement of
a transaction once confirmed by Prebon's customer.
* No mention of our ability to provide credit support in another form
acceptable to Enron such as a parent guarantee.
* No mention of the breakdown in the fee schedule - $250k for US gas
and electricity and $200K for UK/Electricity and no mention of the
additional products.
* The LOI limited free brokerage to trades executed via the website.

These are some, but not all, of the business concepts that we discussed and
agreed to for the Letter of Intent, that were excluded from the Fee
Agreement and BETA.

I would appreciate if you could discuss some of the points I described
above.  I will be in Houston from Feb 19 until Feb 21 and be back in the
office on the 22nd.  We could set up a conference call for Feb 22 to discuss
these points.  I have also spoken with Nanette Crist, and she has agreed to
redraft the Fee Agreement and BETA to reflect the Letter of Intent signed
between Enron Online and Prebon Energy once we have confirmed our
understanding of these points.  Nanette will be on vacation next week;
however, she feels that she will be able to send you the revision by
February 27, 2001.  I look forward to speaking with you next week.  If you
have any questions or comments in the meantime, you can reach me on my cell
phone (908) 209-7618.  Thank you.

Lee C. Taylor
Prebon Energy
(201)557-5829


Hey!  Did you ever chat with my buddy Ishi?  Are you going to work for
Enron?  We get discounted deal tickets to Astroworld every April - you don't
want to miss that!!