This looks good... all your cc are good and he said to send to all ENA
Employees.......

Thanks again for all your help......This will be out tomorrow morning,
correct ?????

Thanks,

Kay

   Enron Americas - Office of the Chairman
From: David Delainey and John Lavorato@ENRON on 12/20/2000 05:21 PM
Sent by: Enron Messaging Administration@ENRON
To: David W Delainey/HOU/ECT@ECT
cc: Enron Messaging Administration/Corp/Enron@Enron
Subject: DRAFT5 - Re-Alignment

Hello - Please review revised message.  The message will be sent to: ENA
Employees.  I will place the following individuals in the CC field:

Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Jeffrey A
Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT,
Philippe A Bibi/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Frevert/NA/Enron@Enron, Greg
Whalley/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Ben F
Glisan/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, Cliff Baxter/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Mark Palmer/Corp/Enron@ENRON

Thanks.  Tracey

Thanks to all of you, Enron North America has had an outstanding year in
2000.  Some of the more notable accomplishments include:
a) 100% plus increase in EBIT from 1999 actuals to 2000 forecast;
b) significant rationalization of the balance sheet including the sale of the
(i) Wind River/Powder River gathering assets, (ii) East Coast Power
generating assets, (iii) HPL and (iv) five of the six Eastern Peakers;
c) ENA is the leading energy merchant by a factor of two;
d) physical electricity volume grew by 34% YTD 1999 to YTD 2000 forecast;
e) natural gas volumes grew by 82% YTD 1999 to YTD 2000 forecast;
f) 500% growth in daily transactions from November 1999 to November 2000 due
to the highly successful Enron OnLine distribution channel; and
g) ENA reaching its 25% ROCE target.

These are truly outstanding accomplishments and our expectations for growth
and opportunity in Enron North America for 2001 are consistent with that
success.  In order to reach these goals, we felt it necessary to re-align a
number of our organizations. A number of these changes are completed.  The
goals of such re-alignment include:
a) increase overall productivity with the goal to ensure that every employee
is in a position to contribute regardless of skill set;
b) increase overall market coverage, deal flow and information generation
with the goal to increase bid/offer income, increase the velocity of deal
flow, improve customer coverage and promote quality information transfer to
our trading organization;
c) increase deal quality and earnings quality with the goal to (i) allocate
our resources towards the best transactions and (ii) significantly increase
our &mid-market8 originated transactions in our portfolio;
d) promote real time decision making and a closer tie between our trading and
origination (mid-market and structured) organizations in order to better
align those functions to reduce the amount of un-productive internal focus;
e) increase the overall velocity of the capital being utilized consistent
with our goal of a 25% plus return on capital employed; and
f) identify and recognize a host of new leaders in the organization that are
critical to meeting our goals next year.

With these objectives in mind, patterned after the successful business models
in Calgary and Portland, effective immediately the following changes are
being implemented:
a) East Power ) a single East Power Team incorporating trading, mid-market
and origination will be formed under the co-leadership of Kevin Presto and
Janet Dietrich who will report to the Enron Americas - Office of the Chairman
(EA OOC).  This team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions.  Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern power markets. The team will be responsible for covering the IOU,s,
muni,s/co-ops, industrials and IPP,s and will utilize all ENA,s product
capabilities including the power commodity, assets and capital. The team will
further be broken down into several key strategic regions and business units
including:
  (i) ERCOT ) managed by Doug Gilbert Smith and Bruce Sukaly;
  (ii) NE ) managed by Dana Davis and Jeff Ader;
  (iii) Midwest ) managed by Fletch Sturm and Ed Baughman;
  (iv) SE ) managed by Rogers Herndon and Ozzie Pagan;
  (v) East Power Development ) managed by Ben Jacoby;
  (vi) East Power Structuring  - managed by Bernie Aucoin; and
  (vii) East Power Fundamentals and the &Genco8 ) managed by Lloyd Will

b) West Power ) there will be no changes to the Portland office which is
managed by Tim Belden and Chris Calger .  Both Tim and Chris will continue to
report to the EA OOC.
c) Canada and Mexico ) there will be no changes to the Canadian or Mexican
offices which are managed by Rob Milnthorp and Max Yzaguirre respectively.
Both Rob and Max will continue to report to the EA OOC.
d) U.S. Natural Gas ) there are several changes anticipated in this business
consistent with the goals and objectives described above. The changes
primarily affect the East, Central, West and Texas gas regions. Each region
will consist of a single gas team incorporating trading, mid-market and
origination. Each team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions. Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern, Western, Central and Texas gas markets.  The team will be
responsible for covering the LDC,s, muni,s/co-ops, industrials, IOU,s, IPP,s
and the producers.  There will be an increasing focus on the upstream side of
the business including the producers, transporters and storage providers in
addition to market area opportunities. The team will utilize all of ENA,s
product capabilities including the gas commodity, assets and capital. Each of
these groups will report directly to the EA OOC;
East Gas ) a single East Gas Team incorporating trading, mid-market and
origination will be formed under the co-leadership of Scott Neal and Frank
Vickers who will be returning from Portland to join this team.
West Gas  ) in a similar manner, a West Gas Team will be formed co-managed by
Phillip Allen and Barry Tycholiz, who will be joining us in Houston from the
Canadian team. The Denver office under Mark Whitt will be integrated under
this team.
Central Gas )  in a similar manner, a Central Gas Team will be formed
co-managed by Hunter Shively and Laura Luce. The Chicago office will be
integrated into this team.
Texas Gas ) the Texas Gas Team will be managed by Tom Martin. This team will
continue to manage the gas trading business around HPL until the pending sale
is concluded in Q2 2001.  After the sale of HPL, this team will build a Texas
gas business without ownership of the HPL assets.
Financial ) this group will continue to be managed by John Arnold with no
significant changes.
Derivatives ) this group, lead by Fred Lagrasta, will offer derivative and
financial mid-market products and services to the natural gas market
specifically targeting CFO,s and treasury departments.  Fred will continue to
maintain certain existing mid-market accounts with a number of producer and
industrial accounts where relationships are well formed. Otherwise,
mid-market coverage will gravitate to the regions. The New York office gas
marketing efforts will continue to be managed by Fred.
Upstream Products ) this group, lead by Jean Mrha, will develop several
distinct product offerings for the upstream segment of the gas market.  This
group will develop and market the product in conjunction with the regions.
This is consistent with our desire to have a broader product offering and
greater market penetration in the upstream segment.  These products include
producer outsourcing, similar to our successful Petro-Canada and Suncor
relationships in Canada, physical storage re-engineering, compressor
services, wellhead liquidity products and offshore asset and capital
products.  In addition, Jean will manage our Bridgeline joint venture with
Texaco.
Gas Structuring ) this group will be lead by Ed McMichael, reporting to Frank
Vickers, will provide structuring and deal support to all the gas teams.
Gas Fundamentals ) this group will be lead by Chris Gaskill, reporting to
Hunter Shively, will provide fundamentals to all the gas teams.

Julie Gomez will continue to support the gas floor through several identified
projects including long-term supply/demand analysis and, natural gas
transportation capacity trading opportunities.

There is an expectation of some customer overlap between the gas and power
groups; for example, the combination utilities and the IPP,s.  The teams will
coordinate with regard to the combination utilities like Con. Edison or
PG&E.  With regard to the IPP,s, to the extent that the product offering
involves an underlying power position, the power teams will manage. We have
asked Janet Dietrich to coordinate such overlaps between the two
organizations in Houston.

e) Technical/Restructuring - In the effort to consolidate and centralize our
technical resources (engineering, development, operations, pipeline) to
ensure that this skill base is available to all ENA groups and utilized
productively across the organization, Brian Redmond will form and manage the
Technical Services Group.  This group will manage ENA,s technical risks and
will provide, on a cost basis, technical services for the entire ENA
organization. This group will manage the interface with EE&CC and OEC.  In
addition, the Restructuring Group, currently managed by Dick Lydecker, will
report to Brian Redmond.  This group is currently monetizing a large portion
of the merchant investment portfolio given our current strategies.  This
group will have continuing responsibility to manage troubled commodity and
capital transactions that need considerable time and attention to manage risk
and monetize.

In addition to these responsibilities, Brian will manage the pending sale and
transition of the HPL asset over the next couple quarters as regulatory and
securities approvals are obtained in order to complete the sale.  Brian will
report to the EA OOC.

f) Principal Investing  )  with the departure of Jeff Donahue to new
opportunities in EBS, ENA,s venture capital function will be managed by
Michael L. Miller.  This group makes small investments in distributed
generation, power quality and technology companies that can benefit from
Enron,s distribution channels and expertise.  Michael will report to the EA
OOC.

g) Corporate Development ) Tim Detmering will assume the corporate
development responsibilities for ENA as Jeff transitions to his new role and
will report to the EA OOC.

h) Generation Investments ) there will be no changes to this group managed by
Dave Duran. Dave will continue to report to the EA OOC.

i) Energy Capital Resources ) there will be no changes to this group
currently lead by C. John Thompson and Scott Josey.  John and Scott will
continue to report to the EA OOC.

As a final note in the interest of keeping things simple, Enron Americas will
have two operating divisions  - Enron North America and Enron South America.
As a result, we will continue to conduct business under these two operating
companies; therefore, eliminating the need to change legal entities et al.
If you are currently a commercial employee of ENA or ESA you will continue to
conduct business in that company.

We look forward to another exciting year in the North American energy
market.  This is certainly a company unrivaled in the marketplace with the
most talented employees.  The opportunities are endless.  We wish you and
your family a very happy and safe holiday season.


Sorry - 462105 is Transalta - my error.

And Mark's APB deal # is 461972.

Kerri Thompson@ENRON
11/17/2000 02:48 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

462105
broker has transalta

missing deal for mark

buy aquila
50 mw
100.00
dec
palo
on peak


It is like watching paint dry this afternoon !!!!!!!!!!!!!!
Santa was good to me though I have been bad this year ...
I won't be there through New Years ...I get back Saturday evening.  I'm going
with Jeri...remember her, she is my friend who met us at Keneally's ?   I
would love to stay...and might, you never know !!  Jeri has to get back
before New Years Eve ...her husband would come looking for us :)
I'm sure you could find plenty of trouble to get into in MIAMI...one can only
imagine !!!
Miss you ?!?!?!  Well of course ...what woman wouldn't !!!!!!!!!!
There is a guy on a Tommy H. commercial who looks somewhat like you ...have
you taken a job on the side !?

Joe Stepenovitch@ECT
12/27/2000 03:02 PM
To: Teresa Mandola/Corp/Enron@ENRON@ECT
cc:

Subject: Re:

HEY.....

So what did Santa bring you????  Your going to HOT-LANTA???  1/2 of my best
friend lives there.......(my best friends are identical twins)  Your going to
have a blast!!!  I've been there for New Years Eve before its awesome!!!  Are
you going with a bunch of people???  I was going down to MIAMI for New years
and the BIG GAME!!  FSU#1..............but I can't get backin time so we'll
see what happens.....how is work???  Do you miss me?????

Teresa Mandola@ENRON
12/27/2000 09:33 AM
To: Joe Stepenovitch/Corp/Enron@ECT
cc:

Subject: Re:

Joseph,

I am in ...that is until Thursday around 4:00...then I'm heading to Atlanta
to the Peach Bowl !!
I started to call you Christmas Day to check on you...then thought it might
make you cry, you know, it being Christmas and all  ....
What are you going to do at home on New Years ?!?!
I don't even know what I'm going to do ...but, not very concerned ...I think
New Years is overrated...it is a night where there is big pressure to "have a
blast" !!

T


Should this deal be extended?

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/22/2000 10:55
PM ---------------------------

Brenda H Fletcher
01/14/2000 02:59 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Deal # 124250 -Norse Pipeline

Chris,
Does this deal end 11/30/99 or should the stop date be extended?
Thanks,
Brenda


when do i have baseball tix for?


Kevin Belford
202-824-7070 (W)
202-237-0260 (H)
202-257-2555 (M)

Theresa Thoman
202-824-7072


TO:  Advisory Committee Members

FROM: Paul R. Kleindorfer
  Howard Kunreuther

Date:  March 12, 2001

Subject: Our Next Advisory Committee Meeting

Just to let you know that our next Advisory Committee Meeting will be on
Thursday, June 14, 2001. We will be sending the agenda and more details in
late March or early April. The principal theme of this meeting of the
Advisory Committee will be "Markets and Regulation for Efficient Risk
Management".

We would appreciate your letting Theresa Convery know your attendance by
returning a completed response form (copy attached) via fax or email as soon
as possible.

FAX:    (215) 573-2130
PHONE: (215) 898-5688
EMAIL: tconvery@wharton.upenn.edu

 <<Response Form.doc>>

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Theresa Convery
Administrative Assistant
Risk and Decision Processes Center
The Wharton School of the University of Pennsylvania
(215) 898-5688/Fax: (215) 573-2130
tconvery@wharton.upenn.edu

 - Response Form.doc


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/01/2000
01:07 PM ---------------------------

	Enron North America Corp.

	From:  Matt Motley                           09/01/2000 08:53 AM

To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: FYI

--

 - Ray Niles on Price Caps.pdf


Enjoy!
 - 20011218ERCOT_LOAD.XLS
 - 20011218ERCOT_FLOW.XLS


Dear Enron Employee:

Houston Ballet is presenting The Nutcracker through Sunday, December 30.  The production has been hailed by the Houston chronicle as "the crown jewel of holiday entertainment," and is a perfect introduction to the world of ballet for families and audiences of all ages.  Enron has been a long-time supporter of the Ballet, and we would like to thank you with a special invitation from Houston Ballet and TicketMaster for discount tickets to The Nutcracker.

Click on the following links below to receive a 25% discount on tickets to any of the selected performances of The Nutcracker.

To place your order, click on the link below to choose your day and time.  When requesting your tickets, you may choose from best available seats or a specific section, however, all ticket prices may not be available.  Ticketmaster service and handling charges will apply to your order.

Your company code is: NUT1.

Happy Holidays and enjoy Houston Ballet.

Performance Dates and Times:

Wednesday, December 26 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345C3DE86FB&event_code=EHL1226

Thursday, December 27 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345D10FB243&event_code=EHL1227

Saturday, December 29 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDB2A7A1&event_code=EHL1229M

Sunday, December 30 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDDBA7F9&event_code=EHL1230M


Attached is the "pitch" our sales representatives are presenting to customers
in California, a list of customers and a Q&A.

Karen - I am also faxing to your house in case these files are too large for
you
to download at home before you leave for California.

Please call me with any questions.
713-667-8511
713-504-4338
713=345-7034

Peggy


Ben,

I will be out of the office for the next couple of weeks on a honeymoon.  I
will be out until March 20th, so could you keep the deal list updated until
then?  Tina told me that you should already have access to the O:drive where
it is now listed.  You can access it at O:Corpdev/Gtg/Deals/Newlist.  I
created a new format so it will look little different.  Please let me know if
you have any questions.

Thank you,

Ben Thomason
x-58802


coule you get Jeannie copies of the slides or other write ups you have on
this.

Jeannie -- I don't know how far it is prudent to take a position on this as a
co.  It has already become a key battleground (garnering some discussion in
the Gore-Lieberman debate).  I think we stay away from it as a co., but we at
least ought to put the information in front of anyone we are asking to do an
oped so that they can make a reasoned judgement.
----- Forwarded by Steven J Kean/NA/Enron on 10/16/2000 10:18 AM -----

	Jeannie Mandelker@ECT
	10/13/2000 08:19 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Enron's natural gas policy positions

Hi -- I'm working on a dual gas/power op-ed (the former DeLay op-ed). I have
Enron's message points on higher gas prices, but I wondered if we were taking
a position on expanding natural gas exploration as Gov. Bush proposes -- onto
more federal lands, particularly in Alaska. I read somewhere that 40% of
potential US reserves are on federal lands.

Thanks for your help,
Jeannie


A conference call meeting has been set up for 11:30 am today, March 7 to
discuss EES Negative CTC.  Conference room EB-4746 has been reserved for the
Houston participants.  The call-in number for the call will be:

    888-422-7137
    Host Code (for Jim only) - 438907
    Participant Code (for everyone else) - 865493

If you have any questions regarding this call, please give me a call at
713-853-3226.

Thanks,
Marcia


Jim -- the following are our concerns about PG&E's proposal/possible points
to make in a response:

1. Enron would be one of the largest unsecured creditors in the event of a
PG&E bankruptcy; our claim may become even larger  depending on the extent to
which we acquire additional claims against the utilities through the PX or
ISO.  We are therefore interested in any action that would reduce the pool of
assets available to unsecured creditors.
2. This proposal may be to our benefit, or to our detriment.  There is not a
great deal of detail in the proposal currently on the table, and Enron needs
additional information in order to evaluate the proposal.   Certainly, we
need to evaluate this in light of other developments.

3. The proposal contemplates pledging "existing and future" receivables to
secure obligations owed to gas suppliers; PGE shows approx. $1.3 billion in
A/R as of 9/30; will that (or an amount of like magnitude) be pledged as
security under this plan?  Granting gas suppliers security may be fine with
us, but we don't have a great interest in OVER-collateralizing their
positions.  More current information on the current A/R balances and the
extent to which obligations to suppliers will be secured will be helpful.

4. Do they intend to extend this security to ALL gas suppliers, or only those
that are refusing to supply PGE under current circumstances?

5. Do they intend to secure obligations on a going-forward basis only, or
will they also secure their obligations with respect to payables that have
already accrued?

6. PG&E is scheduled to make a couple of large payments to ENE tomorrow; what
is PG&E's ability to make those payments for gas already delivered?

7. Given the extension of the DOE order, it seems that consideration of this
petition could be delayed for a few days to allow interested parties
sufficient time to evaluate its implications.

Give me a call with any questions.

In light of the DOE extension of the emergency gas supply order, there should
now be adequate time for PG&E  to respond to these points and clarify their
proposal.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


I wish it were more clear.  I am trying to get down there to talk to the
commercial people about the business direction and support we can provide but
until then I don't know that we should get their hopes up.  I had hoped to
come this week but Randy is here in Houston.  Maybe second half of next
week?  Do you know if everyone will be in those days? (I was thinking Sao
Paolo Wed/Thurs and B.A. Thurs/Fri).

Brent Hendry@ENRON_DEVELOPMENT
02/14/2000 10:53 AM
To: Mark Taylor@ECT
cc:
Subject: Re:

Here is my proposed response.  Let me know if you want to mention the last
item or not.  Thanks.

Mike, I agree on having the trading attorneys continue to work on
transactional work in Bolivia.  I also agree with Fede that to the extent a
supply contract or off-take agreement is part of an overall financing
agreement that the work ought to remain with the attorney in charge if
overseeing the all the documentation for the project.  As always though we
would be available to review provisions or answer any questions regarding
Enron's position on trading issues.  Additionally, it may be possible that in
the future a trading attorney in Brazil may be available to handle Bolivian
issues as well.
Brent

---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
14/02/2000 01:44 PM ---------------------------

	Enron International

	From:  Federico Cerisoli                           11/02/2000 07:23 PM

To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re:

I agree.  One little comment.  Though the transactional legal work should
remain in Argentina, as an exemption, I would suggest to use Brazilian
resources for "project financeable" gas supply agreements.
Fede

Michael Guerriero

02/10/2000 05:50 PM

To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject:

I like to convey my thoughts regarding Bolivia legal responsibilities in
light of the recent adjustments in commercial responsibility for Bolivia gas
supply. As of today we have moved all responsibility for Bolivian natural gas
supply and projects into the wholesale group under Fede. We have also moved
Gaby over to support the effort.

In light of the need for my group to focus on making the Argentine commercial
markets a success and the wholesale groups need to support the projects I
would like to propose that all Bolivian project related legal work go to John
Novak's group and  all transactional Bolivian legal work (sales and
purchases) remain in Argentina.

I believe this division of responsibilities leverages off everyone expertise
and eliminates the bottle necks we are having in Argentina regarding the
project work. It will also allow the Bolivian commercial people to be
supported best with their respective local legal talent.

Please let me know your thoughts.

MFG


Meredith, for my LDCs, there are no changes for the weekend.  I will continue
nomming those 3 contracts that are being cut, though.


So you only email me when you want something.  No, I do not know what I am
going to do.  They tell me Time Warner Cable Modem service is not available
in my area, however, Time Warner tells me it is.  They tell me that I can
sign up for DSL and expense it on my expense account until they allow it
sometimes next month.  I guess I need to talk with them some more about which
is better.  People tell me the cable modem service is actually faster than
the response we currently have in the office.  Let me know what you decide to
do, so that I can ponder the reasons for your choice.

	Stacy E Dickson
	01/11/2001 03:49 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Internet Service

Have you decided what you are going to do?
----- Forwarded by Stacy E Dickson/HOU/ECT on 01/11/2001 03:48 PM -----

	ClickAtHomePilot2@ENRON
	Sent by: Stacey Dempsey@ENRON
	01/11/2001 09:38 AM

		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc:
		 Subject: Re: Internet Service

Did you not receive this yesterday?  We have launched ISP, to an extent.

	The ClickAtHome Project Team@ENRON
	Sent by: Enron Announcements@ENRON
	01/10/2001 03:19 PM

		 To: ClickAtHome Pilot 1 Confirmed Participants, ClickAtHome Pilot 2
Confirmed Participants
		 cc: Suzanne Brown/HOU/ECT@ECT, David Wise/NA/Enron@Enron, Kevin
Whitehurst/NA/Enron@ENRON, Elizabeth Boudreaux/NA/Enron@Enron, Stacey
Dempsey/HR/Corp/Enron@ENRON, Marie Newhouse/Corp/Enron@Enron, Marsha
Francis/Corp/Enron@Enron
		 Subject: ClickAtHome ISP Ordering is Here!

Thank you for your participation in our first two pilots.  Your effort, time
spent, feedback, and interest in the program has been very helpful in
improving it.  Thank you, too, for your patience through this new process.

We are excited to announce the beginning of Internet Service Ordering today,
Wednesday, January 10.  Many of our vendors are ready to begin providing
service to you today, while all vendors will be ready by late February.   The
ClickAtHome Internet Service Providers whom are currently available for
internet service are
Time-Warner in Houston, (cable modem)
Kingwood Cable, (cable modem)
AT&T in Portland.  (cable modem)

MSN will be available in late February, providing both dial-up and DSL
service.  We will provide further communication as soon as MSN orders can be
placed. We appreciate your patience in advance.

To pre-qualify and sign up for service in your area today with Time Warner,
Kingwood or AT&T- Portland, refer to http://clickathomepilot.enron.com for
specific provider information and instructions on how to place your order.
If you have problems launching the site, please copy and paste
http://clickathomepilot.enron.com directly into Internet Explorer.

The ClickAtHome Team is excited to bring you the final stage of the program.
Again, we thank you for your patience.  We encourage you and your family to
use and personalize your new portal, which can be found at
www.clickathome.net.  And we encourage you to get connected, and Get
Innovative at Home!

ClickAtHome Team

From: Stacy E Dickson@ECT on 01/10/2001 08:54 PM
To: Clickathomepilot2@enron.com
cc:

Subject: Internet Service

Is there an estimated rollout date on the Internet Service portion of the
pilot program?  If it is going to be awhile do you recommend subscribing to a
service during the interim period?

Thanks

Stacy


The check made it to us this time. My paralegal,Linda Guinn, is tracking down
where it went. I am certain the $ was deposited.


Vince/Rakesh,

I attended the Operational Risk meeting today that went on for almost 3 hours.  Other attendees were:
Andrew Parson (IT and assurance)
Mark Walker (Investment Valuation)
John Sorrelis (from AA)
Shawn from asset valuation,
and Wanda Curry

It was a general brainstorming session on what constitutes operationl risk, and how we can try to measure it within the organization.  The initial step will be to come up with the key risk indicators.  An initial list will be worked out by Mark and Andrew for further discussions. There is also an AA model that will be discussed to come up with what should be done at Enron.

Currently we will be going with a qualitative approach based on the key indicators developed.  Over time we would go with the standardized approach.

Mark was very interested in discussing the model he has developed for quantifying operational risk.  A meeting to discuss that with the Research group will be held next week, and I will get an appropriate date for that.  Wanda very much wanted you to attend, Vince.

We can talk on Friday or early next week on what our participation should be.

Regards,
Sandeep.


I just entered a deal in Sitara (deal 399824).  This is a sale to Transco at
St 65, 50,000/day on the 18th - 30th.  I also entered a transport usage deal
399826 for 50,000/day starting on the 18th.  This deal captures the commodity
cost to go from our St 65 pool to the SIMS pool.

Comments/Questions?


Dear Mr. Skilling:
Just a quick little note. I would very much like to talk to you when you get
a chance.  My guess is that you will probably be taking some time off for
awhile.  When you do have some time, please give me a call.  I specialize in
the finance(VC and Investment Banks) arena and would love to present someone
of your caliber to them.  That is of course, if you are interested in
possibly going into that arena.
Sincerely

Ed Vigil
Account Executive
Management Recruiters of the Sandias
toll-free (877) 292-9800 x23
www.nationalfinancejobs.com


Further to the information feedback provided to you below:

Item 3.

I've updated page 2 of the attached to illustrate pricing that was presented
to Brazos and its advisor (Merril Lynch) during the period of time leading up
to the PPA's signing on November 1, 1993.  You'll see that actual results to
date have been in line with were costs were expected to be under the contract.

We have a one page document that appears to be part of a larger Brazos
document that indicates that Brazos looked at 10 competing alternatives to
the Tenaska IV plant (including one Enron alternative).  The document is
date-stamped December 28, 1993 and may be part of an "integrated resource
plan" or another regulatory filing required in the State of Texas.  Robin
Kittel in our Austin, TX office is looking into its source and is trying to
find any other regulatory filings in which Brazos represented that it viewed
Tenaska IV as its "least cost alternative" at the point in time it entered
into the contract.  I don't expect we'll have this information prior to
Friday.

These points aside, there is nothing in the contract that ties pricing or
performance to returns realized by Tenaska IV.  The issue of "fairness" is
one that Brazos seems to be emotionally attached to without basis under the
contract.

One item to note in the "fraudulent inducement" arena, the last commercial
exchanges made between Tenaska IV and Brazos prior to the June 30 transaction
indicate that Brazos may have raised some concerns over "incentives" that may
have been provided to the Brazos staff closest to the transaction.  After
discussions with Tenaska, Inc. and review of the facilitation material, we've
identified the source of these concerns to be a dove hunting trip that was
planned during the summer of 1993 and taken November 9 through 11, 1993, just
after the PPA's signing.  The point person for Brazos and Tenaska's CEO, lead
developer and another Tenaska employee took the trip with their spouses.

Rick Hill
Generation Investments Group

---------------------- Forwarded by Garrick Hill/HOU/ECT on 11/08/2000 12:12
PM ---------------------------

	Enron North America Corp.

	From:  Garrick Hill                           11/07/2000 06:01 PM

To: dharvin@velaw.com
cc: Dan Lyons/HOU/ECT@ECT, Carl Tricoli/Corp/Enron@Enron, Richard B
Sanders/HOU/ECT@ECT, tmoore@llgm.com, kstern@velaw.com, John King/HOU/ECT@ECT
Subject: BRAZOS - PREPARED AT THE REQUEST OF COUNSEL

Some initial reactions to your questions...

The implied enterprise value at June 30 based on PPE/ENA's net purchase price
and outstanding project-level debt was $1,457/kW; this value reflects
fully-contracted cash flow under the terms of the existing PPA.  As a pure
merchant plant, the value might range from $50/kW (i.e., the "scrap value"
based on a view that the margins realized from running the plant are
insufficient to warrant keeping the doors open) to $350/kW (based on a view
that the plant runs 7x24 and achieves prices at levels forecasted by Pace
Global Energy (Pace) in a study that we had completed to facilitate
commercial discussions with Brazos earlier this year).

The attached slide will give you a feel for where PPA prices are relative to
market prices, again using Pace's numbers to illustrate "market".  ENA's
ERCOT 7x24 curve is probably higher at the front end and lower on the back
end than what we see from Pace, reflecting (1) at the front end, what we're
seeing in today's gas forward markets (i.e., higher prices than Pace predicts
from an "econometrics" point of view) and (2) at the back end, lower overall
inflation.  In general, I think it's safe to say that we see the spread
between PPA and market prices widening, especially in light of the fact that
current gas market conditions narrow the spread considerably during the
period of time in which a Brazos breach is most likely.

Based on the facilitation material we've seen, it appears that Brazos will
argue that its staff was lead to believe that Tenaska IV would earn no more
than 20% return on equity.  However, we've always viewed this as a somewhat
disingenuous line of argument because Brazos has gone on public record as
saying that it looked at a number of competing solutions to meet its members'
needs and chose the least cost alternative in contracting with Tenaska IV.
In fact, the all-in price projections we've seen in correspondence between
Tenaska IV and Brazos in the contracting process appear to be in line with
actual results.  To the extent the project has earned a return in excess of
20%, this can generally be attributed to the cost savings realized in
construction and strict enforcement of the contract.  It's also important to
note that Tenaska IV took on all of the development risk in this project; it
could have easily underbudgeted costs and found itself earning significantly
less.

See the historical perspective that follows the forward projections contained
in the attached.  We generally agree that Brazos has not been harmed by the
current contract to date, but is in an above-market contract on a going
forward basis.

Brazos appears to have three options at the end of the primary term (1) walk
away, (2) purchase the plant for PV5 of future capacity payments, or (3) live
with the contract by paying scheduled contract prices (i.e., capacity charges
and gas agency fees) plus operating costs.  If Brazos selects options (2) or
(3), Tenaska IV has certain "put-back" rights, but the plant is generally
Brazos' for the taking.  These provisions of the PPA should yield prices that
are below prevailing market prices in most years (i.e., other than those in
which major maintenance will occur) as illustrated in the attached.
Accordingly, we view the contract as more of an "accelerated payment plant"
that front end loads capital recovery to Tenaska IV.  Patton Boggs' argument
puts a new "spin" on the contract structure, one that we've not heard up to
this point.

If you have any questions or need additional information, please call me at
713-853-6027.

Rick Hill
Generation Investments Group

---------------------- Forwarded by Garrick Hill/HOU/ECT on 11/07/2000 03:01
PM ---------------------------

Dan Lyons
11/07/2000 11:00 AM
To: Garrick Hill/HOU/ECT@ECT
cc:
Subject: Brazos

More Grist
----- Forwarded by Dan Lyons/HOU/ECT on 11/07/2000 10:59 AM -----

	"Harvin, David" <dharvin@velaw.com>
	11/06/2000 02:58 PM

		 To: "Lyons, Dan (Enron)" <dan.lyons@enron.com>, "Richard Sanders (E-mail)"
<richard.b.sanders@enron.com>
		 cc: "Stern, Karl" <kstern@velaw.com>, "Thomas J. Moore (E-mail)"
<TMOORE@LLGM.COM>
		 Subject: Brazos

There are some factual assertions in Brazos' memo that caught my eye.  I
wondered what information we have on these points:

1) at the bottom of p. 2 is a reference to a March 10, 1994 memo in which
someone claimed Tenaska planned to develop this site irrespective of Brazos.
The suggestion is that Tenaska would have an adequate remedy by selling
power elsewhere.  What is our reaction to that?

2) at the bottom of p. 5 is an assertion that we must be predicting that the
difference between market and contract prices will increase over time.  Is
that our position?  If we apply a contract v. market measure, I know we seek
to base the contract portion on the escalated contract prices, but what do
we use for market?  (Their piece of course does not address what is the
market.)

3)  in the middle of p. 6 is the claim that representations were made to
Brazos that Tenaska would earn a modest profit under the PPA.  Do we know
what that refers to?

4) at the bottom of p. 6 is a statement that under present market conditions
Brazos cannot even exercise this buyout option (presumably because its
payments under the PPA do not cause Brazos to be non-competitive).  That is
interesting.  If so, what is Brazos's complaint?

5) at the bottom of p. 7 is a claim that the option period was designed as
an alternative to Brazos's owning the plant at the end of the primary term.
What do we know about that?   What would be the effect of the pricing in the
renewal term?

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Mary Hain has resigned her position with Enron.  Please remove her from all
mailing lists.

	Enron Capital & Trade Resources Corp.

	From:  Lincoln  Wolverton <lwolv@worldaccessnet.com>
 04/02/2001 03:45 PM

Please respond to lwolv@worldaccessnet.com
To: abuckley@wutc.wa.gov, alan@epud.org, ali.rodol@ci.seattle.wa.us,
archive-power-ratecase@bpa.gov, aw_turner@pgn.com, BASSL@sce.com,
bessex@cowlitzpud.org, bferranti@mbllp.com, bpadiscovery@merkellaw.com,
ccopatrny@e-z.net, crow@millernash.com, cub@teleport.com, cwagers@dcpud.org,
dan.meek@usa.net, darcy@tonkon.com, darkills@popud.com, dbkinnard@pplmt.com,
dfaulk@puget.com, discoveryparalegal@bpa.gov, dldorrell@stoel.com,
dmacgregor@morganlewis.com, doney@doneylaw.com, doug_brawley@pngc.com,
dparrish@prmllp.com, dws@keywaycorp.com, eauverde@hotmail.com,
eboyd@ppcpdx.org, efinklea@energyadvocates.com, elisaCKF@aol.com,
EnerGlaw@aol.com, Eric.Larson@oremetwahchang.com, erick_johnson@pngc.com,
ghuhta@cowlitzpud.org, huse@eesconsulting.com, ias@dvclaw.com,
jack.speer@alcoa.com, jacksonc@ida.net, janet.prewitt@state.or.us,
jdeason@chbh.com, jeffn@subutil.com, jhartso@enron.com, JLH@mc-power.com,
johk@critfc.org, john.yanov@eweb.eugene.or.us, johncameron@dwt.com,
jolynnr@mresearch.com, jpw@duncanallen.com, jrb_ora@televar.com,
jsaven@pacifier.com, jschlect@avistacorp.com, kevin.clark@ci.seattle.wa.us,
kknitte@gcpud.org, kmoxness@cencoast.com, kpom@mail.pacifier.com,
kyle@ppcpdx.org, lawyer@teleport.com, Lhamilton@avistaenergy.com,
lpeters@pacifier.com, lwolv@worldaccessnet.com, lyn_williams@pgn.com,
marc.hellman@state.or.us, marss@perkinscoie.com, matts1@atg.wa.gov,
mershanlaw@aol.com, mhain@ect.enron.com, michaelearly@earthlink.net,
mike.macdougall@powerex.com, mmetzler@ci.tacoma.wa.us,
mschaff@worldnet.att.net, mthomas@mtpower.com, Paul@KinergyLLC.com,
pete.forsyth@kaiseral.com, pete@ashland.or.us, peter@richardsonandoleary.com,
pfox@bracepatt.com, pljacklin@stoel.com, pmurphy@mbllp.com,
pnichols@idahopower.com, pobenchain@idahopower.com, pspi@dynegy.com,
pvickery@tpud.org, rachel@rnp.org, ratecase@pngc.com, rates@ppcpdx.org,
rbstrong@painehamblen.com, rdb@keywaycorp.com, rfoiani@gcpud.org,
rkindley@schwabe.com, rle@givenspursley.com, rpierce@avistaenergy.com,
scott.brattebo@pacificorp.com, seligman@teleport.com, simonf@atg.wa.gov,
sjohnsto@wutc.wa.gov, skaravit@ci.tacoma.wa.us, stephens@eslerstephens.com,
steve@nwenergy.org, tdeboer@painehamblen.com, terrym@millcreeklaw.com,
tgrim@chbh.com, townsend@chbh.com, tracigrundon@dwt.com,
tstevenson@ci.burbank.ca.us, weavertr@yakima-wa.com, wmgt3@montana.com
cc:
Subject: WP-02 Data Request

request_number:  IN-BPA:  031
firstname:  Lincoln
lastname:  Wolverton
e-mail:  lwolv@worldaccessnet.com
directed_to:  Peter Burger
Bonneville Power Administration
exhibit_wp-02-e-:  WP-02-E-BPA-76
page_numbers:  3-6
request_text:  Please provide an electronic copy of the program and files
sufficient to produce the net revenues portrayed in case:
RM_Merged_$210_S2000_LR1500.xls and
RevSim Input Database:
V:\RateCase0206__Supplemental\0209\Fy02$210\S2000_LR1500\RiskData_Supplemental
FY02$210.mdb, ... Date/Time of Report: 2/10/01 8:06:00 AM.

Please ensure that the program will run on a standalone, non-Bonneville
computer-that is, a computer that does not require access to files available
only on a BPA computer.

contact_name:  Linc Wolverton
contact_address:  East Fork Economics
P.O. Box 620
35011 North Fork Rd.
La Center, WA  98629

contact_phone:  360-263-3675
contact_email:  lwolv@worldaccessnet.com
contact_fax:  360-263-3675
delivery_instructions:  Data Responses will be picked up by courier:  call
Linda Vitale of Davison Van Cleve, P.C. at 503-241-7242.

The following information is from the web server:
1.  Logon: PSP-TEN
2.  Remote Host:  63.230.164.97
3.  Remote IP Address:  63.230.164.97
4.  Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_request.html
5.  Browser Client:  Mozilla/4.73 [en]C-DIAL  (Win98; U)


I want to let you know that I'll be on vacation for the next two weeks (June 25 through July 6). I'm going to Washington, D.C. to take Wes to the Naval Academy, visit my parents and show Sheila some colleges on the way back to Houston.

I'll check my office voice mail periodically, so please leave messages there if you need me.  Also, Vanessa has my itinerary and can reach me.  I'll also be available by cell phone.

Thanks,
Mary
x37796
Cell:  713-857-1342


Looks like they have re-surfaced.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 08:58
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/23/2001 08:55:16 AM
To: "Kent Shoemaker (E-mail)" <kent.shoemaker@ae.ge.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>, "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>
cc: "Gregory F. Lang (E-mail)" <gregorylang@paulhastings.com>, "Rick Vicens
(E-mail)" <rvicens@deltapower.com>, "John Tisdale (E-mail)"
<jtisdale@jhancock.com>, "Jack Wallace (E-mail)" <jwallace@jhancock.com>,
"John Anderson (E-mail)" <jcsanderson@jhancock.com>, "BURKE, Ted (TDB)"
<ted.burke@freshfields.com>, "O'BRIEN, Lisa" <lisa.obrien@freshfields.com>,
"VAN DUSEN, Nicholas" <nicholas.vandusen@freshfields.com>

Subject: Pegasus - GE Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

In anticipation of our closing on the morning of Wednesday 25th April,
please find attached the following:

(a) a clean and blacklined copy of the GE Consent (reflecting changes to the
credit documentation and reflecting the acceleration of the Turbine Progress
Payment Schedule);
(b) a clean and blacklined copy of the GE legal opinion (reflecting changes
to the credit documentation); and
(c) a clean and blacklined copy of the GE letter agreement (reflecting
changes to the credit documentation).

A form of receipt of funds will follow.

Please contact me with any questions on 212 277 4025.

Regards
Isabel

 - NY003700961.DOC
 - NY003699615.DOC
 - NY003700033.DOC
 - COMPARE002.DOC
 - COMPARE003.DOC
 - COMPARE001.DOC


missing deal for bob

buy scem
feb
25 mw
- 1.50
np 15

491593, not them

492044, not them

thanks


Brent - does this mean Tana should not allow any non-Argentine customers to
have access to these products?  The general rule has been to allow complete
access unless there was a legal impediment - logic regarding who will want to
trade what doesn't seem to enter into it.

	Tana Jones
	10/20/2000 09:49 AM

		 To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
		 cc:
		 Subject: Re: EOL Products - Argentina

----- Forwarded by Tana Jones/HOU/ECT on 10/20/2000 09:49 AM -----

	Lisa Lees
	10/20/2000 09:42 AM

		 To: Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Products - Argentina

fyi
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/20/2000 09:27 AM
---------------------------

Dale Neuner
10/20/2000 08:54 AM
To: Lynn Aven/NA/Enron@ENRON
cc: Lisa Lees/HOU/ECT@ECT
Subject: Re: EOL Products - Argentina

Enron America de Sur S.A. is the enron entity set up to trade on EOL; Lisa
Lees will manage the external customer access.

Lynn Aven@ENRON
10/19/2000 04:26 PM
To: Dale Neuner/HOU/ECT@ECT
cc: Jeff Blumenthal@ENRON_DEVELOPMENT
Subject: EOL Products - Argentina

Dale:

I spoke with Jeff Bluementhal earlier today and wanted to confirm the parties
that should be approved for trading Argentine.  The Enron party that should
execute Argentine physical gas deals should be Enron America de Sur S.A.  It
should be noted that all counterparties for this product should be Argentine
entities.

Regards

Lynn


thought you might appreciate
---------------------- Forwarded by Eric Bass/HOU/ECT on 05/19/2000 01:26 PM
---------------------------
   Hector Campos                05/19/2000 10:20 AM

To: Brian Hoskins/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT
cc:
Subject: Breast Implants

http://www.theonion.com/onion3618/wdyt_3618.html


Start Date: 10/21/01; HourAhead hour: 10;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

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Sorry I didn't return your call last night, Lisa and I went to hear Julie
Andrews speak at Jones Hall and didn't get home until after 10:00 p.m.
Knowing what a precious commodity sleep is I refrained from possibly
disturbing your own.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/14/2001
09:23 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/14/2001 09:21 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT
cc:
Subject: Credit Report--2/14/01


Please set up a meeting on Monday with Becky.

Thanks

 -----Original Message-----
From: 	Cantrell, Rebecca W.
Sent:	Wednesday, September 05, 2001 1:20 PM
To:	Steffes, James D.
Cc:	Lawner, Leslie
Subject:	Turnback of Enron's Block 2 Capacity on El Paso
Importance:	High

Jim, please see me about this issue.  As you can see, Leslie and I have been working extensively with Stephanie Miller for the last few weeks as she is trying to find a way to get rid of our 200,000 MMBtu/day of Block 2 capacity on El Paso.  In fact, I provided Stephanie an analysis of the regulatory history as far back as last March, even before we signed up for the capacity.  You will probably be getting some questions about it from Barry or maybe even Lavarato before too long since getting rid of this asset is very high on their priority list.  I wanted you to be up to speed on our input so far.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Wednesday, September 05, 2001 12:40 PM
To:	Cantrell, Rebecca W.; Miller, Stephanie
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

The CPUC was heavily involved in the settlement and their interest is making sure that northern CA has access to the SJ supplies.  Their concern is not the same as PG&E's.  And to the extent anything is agreed to, reopening the settlement is an enormous can of worms, and I don't think we want to go there.  We would have to be able to structure a side deal to where PG&E and SoCal are in agreement that the recall rights they got in the settlement can be waived.

 -----Original Message-----
From: 	Cantrell, Rebecca W.
Sent:	Wednesday, September 05, 2001 11:23 AM
To:	Miller, Stephanie
Cc:	Lawner, Leslie
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

Steph - Leslie and I were just talking about this, and one thing we need to keep in mind is that any attempt to modify the PG&E recall rights would almost certainly be opposed by the CPUC, especially if it was to benefit Enron.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Wednesday, September 05, 2001 12:07 PM
To:	Miller, Stephanie
Cc:	Cantrell, Rebecca W.
Subject:	FW: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

I thought you understood from my email and phone call that I was going to track down El Paso's interpretation of the 24 hours recall rights.  Regulatory treatment of the 58 million by PG&E is a CPUC issue.  I just talked to Becky and I don't have a good response to the question of whether our capacity could replace expansion capacity in light of the dueling recall rights, but I will think about it and talk to Becky some more.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Tuesday, September 04, 2001 11:04 AM
To:	Miller, Stephanie
Cc:	Cantrell, Rebecca W.
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

As to the 24-hour recall, I can only tell you what the FERC order says, I have no special knowledge of how El Paso and the parties intended the 24 recall to work.  The order is fairly terse, and just says "and if it so recalled (by PG&E), that Enron may further recall the capacity for its own use in the PG&E  service territory upon 24 hours notice."  The language says to me that you can recall it 24 hours before you want to use it.  However, I can call El Paso and find out how they interpret it.

As to the "traditional rate making" valuation of the $58 million, I have to confess I don't understand what you mean.  PG&E paid the 58 million as part of a negotiated settlement.  Typically that is part of a black box settlement, meaning that revenue dollars are not tracked to particular costs.  We can pull the settlement and see if it stipulates some sort of treatment, but I would doubt it.  If your question relates to how PG&E is tracking that expense in a regulatory sense, perhaps Jeff Dasovich can find out.

 -----Original Message-----
From: 	Miller, Stephanie
Sent:	Tuesday, September 04, 2001 8:17 AM
To:	Lawner, Leslie
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

When is the 24 hour notice on re-recall effective - 24 hours from the day of recall (varies depending on term) or 24 hours before the recall is supposed to start?

How would you value what's left of the $58 million that PG&E paid based upon traditional rate making policies? I believe there are at least 5 years left on the term of the settlement.

Please call if you have any questions,

Regards,

Stephanie

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Thursday, August 30, 2001 1:19 PM
To:	Miller, Stephanie; Cantrell, Rebecca W.
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

Here is a short memo.  do you need more?
 << File: Stephaniememo.doc >>

 -----Original Message-----
From: 	Miller, Stephanie
Sent:	Thursday, August 30, 2001 11:28 AM
To:	Lawner, Leslie
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

We you able to pull together a clear, definitive conclusion on how the RE-recall rights work?
I was not able to - hence my mission for greater clarification of specifics....

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Thursday, August 30, 2001 12:26 PM
To:	Miller, Stephanie; Cantrell, Rebecca W.
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

I looked over all the orders and the contracts and I agree with both of your interpretation of the recall rights of Block II.  PG&E did not make a very smart deal for $58 million.
 -----Original Message-----
From: 	Miller, Stephanie
Sent:	Friday, August 24, 2001 8:27 AM
To:	Cantrell, Rebecca W.; Lawner, Leslie
Subject:	June 11 order on Rehearing: RP00-241-000 and RP00-241-004

Page 12 talks about Recall rights - good discussion but still short on re-recall rights.


Mark,  Please review the attached letter and provide the missing date.  If
everything looks good, I will prepare an original for your signature.

Also,  do you have any resolution on the TW transport issue?  Is it
acceptable for ECT to take title at the West Texas Pool and ECS still operate
the transport agreement as its agent?


We are reviewing your language on the restrictions on the property and will
have comments soon.

(See attached file: ACT OF SALE_011119.doc)
 - ACT OF SALE_011119.doc


Do you know anything about this?
-----Original Message-----
From: Gosnell, Gerri
Sent: Thursday, November 01, 2001 9:21 AM
To: Hodges, Georganne; Whiting, Greg
Cc: Reeves, Leslie
Subject: EDF Man

Hi Greg and Georganne,

Per our statement from EDF Man today, it appears that we have excess on our account of $9,535,870.00.  Upon speaking to Paul at EDF Man, he told me that no money would be transfered.  He said that someone in their office was speaking to Marty Timmins in our office..???  Have either of you heard anything regarding the wire for today?

I thank you for your help in this matter.

gg


Pete,

Could you call Bill and discuss?

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/09/2001 07:45
PM ---------------------------

Bill Williams@ECT
04/09/2001 07:19 PM
To: Kay Mann/Corp/Enron@ENRON
cc: Dale Rasmussen/HOU/ECT@ECT, lee.johnson@ss.ps.ge.com, Sheila
Tweed/HOU/ECT@ECT, Lisa Bills/Enron@EnronXGate, Roseann
Engeldorf/Enron@EnronXGate

Subject: Re: LV Cogen Turbine Agreement

Kay - sorry I have taken so long to review the attachments to your e mail.

I have comments that I would like to address in a conference call with GE
(Lee Johnson), Peter Thompson of AKLLP (history of changes - especially in
the guarantees for HR and MW output).
 Basically, the figures for HR and Output should remain as was struck.
(Trivial - but Lee knows what I have gone through with the EPC contractor on
HR and MW (kW) guarantees.)
Electrical Output should stay at 43,994 kW rather than change to 43,988 kW.
Same goes for the specific value, and H/R guarantee (8969 btu/kWh) and
specific value.
What is really puzzling is when I went back to a December BO contract, I had
a kW guarantee over 48 MWs each, at an 8800 + HR.  This is with conditions as
set in the existing version.  Where did the MWs go?

I need to understand the history of changes to the BO contract, and be sure
we are not leaving value on the table.  That is why Kay, if possible _ I'd
like a quick conference call that would include the party making the changes
to HR and MW output guarantees.

Also - I did not see the addition of 4 more HMI's as needed for LVCII.  The
power system stabilizers were in the scope of supply - but I could not find
additional HMI's (whatever that entails).

I believe we can knock this out by tomorrow to meet the April 10 date listed
in your e mail.

Please call me should you have any questions.
Regards

Bill W.
(503) 464-8958


Call in:  1-800-531-3039, Conf #2506962


The curves in this file were off by a month since April is no longer valid.  See the attached file for the correct prices and months.

Charlie


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
04:58 PM ---------------------------

Steven E Shreve <shreve@matt.math.cmu.edu> on 09/07/2000 04:44:33 PM
To: Vince.J.Kaminski@enron.com
cc: ps5@andrew.cmu.edu
Subject: Visit to Carnegie Mellon

Dear Dr. Kaminski:

Pierre Ste-Marie tells me he has invited you to visit Carnegie Mellon.  I
would just like to emphasize how much we hope you can arrange a visit.  We
have had the good fortune of attracting outstanding students into our
Master's program in Computational Finance, and I think you will enjoy
meeting them.  Last year Alexander Eydeland visited, and at the conclusion
of the year hired one of the students.  I look forward to meeting you.

Sincerely yours,
Steve Shreve

Steven E. Shreve
Department of Mathematical Sciences
Carnegie Mellon University
Pittsburgh, PA  15213-3890

E-mail: shreve@cmu.edu
Direct Telephone: 412-268-8484
Department Telephone: 412-268-2545
Fax: 412-268-6380


---------------------- Forwarded by George Hopley/HOU/ECT on 12/13/2000 04:53
PM ---------------------------

cathy@pira.com (Cathy) on 12/13/2000 04:10:18 PM
To: "PIRA Natural Gas Retainer Client" <greg@pira.com>
cc:
Subject: PIRA's Gas Flash Weekly 12/13/00

Attached is PIRA's Gas Flash.  Unauthorized distribution is prohibited.

Please direct questions about this report to: Greg Shuttlesworth (Email:
greg@pira.com), Tom Howard (EMail: tazh@pira.com), Richard Redash (Email:
Rich@pira.com), Nobu Tarui (Email: nobuo@pira.com) or Jane Hsu (Email:
jane@pira.com).  All can be reached at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution at (212) 686-6808,
Email: jgraziano@pira.com.

 - aga121300.pdf


The reason I called you today is to tell you that I noticed your EOL
performance.  Not bad for a cunuck.


here is our analysis of load growth.  i have no idea where cera came up with
there's.  in short, it looks like load grew somewhere between 5% and 6% per
year between april 1998 and june of 2000.  since then, load growth has been
flat to negative.  from april 1998 to february 2001 it looks like typical
load growth was around 3.7% on an annualized basis.
---------------------- Forwarded by Tim Belden/HOU/ECT on 03/14/2001 08:44 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Stephen Swain                           03/14/2001 09:28 AM

To: Tim Belden/HOU/ECT@ECT
cc:
Subject: CA load growth

Here 'tis.  Let me know if this suits your fancy.


Lynne,

Thanks for the e-mail.  I have spoken with our lawyer, Mark Taylor, and he is
available at 10:00 am Central time on Wednesday  for a conference call.
Unfortunately, he has a conflict at 9:30.  Please let me know if this is
acceptable for the team at Reuters.

thanks
Dave

Lynne Carithers <lynne.carithers@reuters.com> on 04/17/2000 03:34:35 PM
To: dave.samuels@enron.com, rahil.jafry@enron.com, julie.ferrara@enron.com
cc: Phil Lynch <phil.lynch@reuters.com>, Steve Pickett
<stephen.pickett@reuters.com>, Stanford Lin <stanford.lin@reuters.com>, James
Garland <James.Garland@reuters.com>
Subject: REUTERS - CONTRACTS

Dave, per our last telephone discussion, below are the standard Reuters
Investor
contracts.  After speaking with Stanford Lin, he will strive to get the 1st
draft with agreed upon revisions back to you by tomorrow afternoon.  I would
like to set up the Reuters/Enron conf. call with both legal parties and me
(and
if you feel appropriate with you) for Wednesday at 9:30 a.m. central time.

I will forward the AT&T conf. call number and password to you tomorrow.  If
there is a conflict with 9:30 a.m. central time, please let me know of Enron's
availability.  Stanford is available anytime from 9:30 a.m. central through
the
remainder of the day.

Thanks!
Lynne

From: Stanford Lin on 04/17/2000 05:22 PM EDT

To:   dave.samuels@enron.com
cc:   Lynne Carithers/DAL/US/Reuters@REUTERS
Subject:  Re: ENRON UPDATE ON CONTRACTS

Attached for reference purposes is a copy of the standard forms for Reuters
Investor.   As mentioned, we intend to insert within the Internet Services
Agreement the relevant provisions from the Reuters Investor agreement --
particularly those sections related to quote information and datafeeds.

(See attached file: T&c (Mar_00).doc)(See attached file: SOF (Mar_00).doc)

-----------------------------------------------------------------
        Visit our Internet site at http://www.reuters.com

Any views expressed in this message are those of  the  individual
sender,  except  where  the sender specifically states them to be
the views of Reuters Ltd.
 - T&c (Mar_00).doc
 - SOF (Mar_00).doc


One Last time.  I think this is correct.


Mike Swerzbin:

ref 508786
Prebon says should be 50 mw not 25

I am missing the following deal per Prebon for Mike:
Enron buys Duke 50 mw of Cal'02 PV at $135.00

TOM ALONSO

Ref 509009 and Ref 509010 Prebon does not recognize.


darn thanks anyway

 -----Original Message-----
From: 	Mann, Kay
Sent:	Thursday, July 12, 2001 11:08 AM
To:	Sager, Elizabeth
Subject:	RE: Free tickets to tonight's Astros game

Andy won the fastest finger contest.  I'll ask you first next time.

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Thursday, July 12, 2001 11:07 AM
To:	Mann, Kay
Subject:	RE: Free tickets to tonight's Astros game

I want them

 -----Original Message-----
From: 	Mann, Kay
Sent:	Thursday, July 12, 2001 10:24 AM
To:	Hodge, Jeffrey T.; McCullough, Travis; Edison, Andrew; Sole III, Carlos; Mellencamp, Lisa; Koehler, Anne C.; Tweed, Sheila; Sager, Elizabeth; Lindeman, Cheryl
Subject:	Free tickets to tonight's Astros game

I'm giving away 4 tickets behind the Astros' dugout for tonight's game.  Anyone interested, or know someone who  is?

Kay


Melinda,

Thanks.

Vince

Melinda McCarty@ENRON
01/24/2001 10:02 AM
To: Vince J Kaminski/HOU/ECT@ECT, Christie Patrick
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: videoconferences w/ Enron

I have reserved 32C2 video conference room - 3:30 - 5:30 for tomorrow
(Thursday, January 25)

Let me know if you need anything else

melinda
x31641

	Vince J Kaminski@ECT
	01/24/2001 09:37 AM

		 To: Melinda McCarty/Corp/Enron@Enron
		 cc:
		 Subject: videoconferences w/ Enron

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/24/2001
09:38 AM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 01/23/2001 11:21:10 AM
To: Clay DeGiacinto <clayton.degiacinto.wg02@wharton.upenn.edu>, Deepa Mallik
<mallikd@wharton.upenn.edu>, Dennis Feerick
<Dennis.Feerick.wg02@wharton.upenn.edu>, Edson Otani
<edsono@wharton.upenn.edu>, Gustavo Palazzi <gustavop@wharton.upenn.edu>,
"Heather N. Thorne (E-mail)" <hethorne@wharton.upenn.edu>, Jack Rejtman
<Jack.Rejtman.wg02@wharton.upenn.edu>, Jaideep Singh
<singhjai@wharton.upenn.edu>, Jason Cummins
<Marc.Cummins.wg02@wharton.upenn.edu>, Joshua Leventhal
<levent86@wharton.upenn.edu>, Kim Whitsel <whitselk@wharton.upenn.edu>,
"LOUIS A THOMAS (E-mail)" <thomas@wharton.upenn.edu>, Murat Camoglu
<camoglum@wharton.upenn.edu>, Nick Levitt
<Nicholas.Levitt.wg02@wharton.upenn.edu>, Omar Bassel
<bassalo@wharton.upenn.edu>, Pat Henahan <mhenahan@wharton.upenn.edu>, Ram
Vittal <mvittal@wharton.upenn.edu>, Steve Lessar
<Stephen.Lessar.wg02@wharton.upenn.edu>, Tulika Bhalla
<bhallat@wharton.upenn.edu>, Vincent Chen
<Vincent.Chen.wg02@wharton.upenn.edu>
cc: "'vkamins@enron.com'" <vkamins@enron.com>, "'christie.patrick@enron.com'"
<christie.patrick@enron.com>, FAP  <FAP@management.wharton.upenn.edu>
Subject: videoconferences w/ Enron

Team and Host:

I have set up the following dates/times for videoconferences.
Unfortunately, 4:00-6:00 was not available, so I arranged for 4:30-6:30pm on
the following dates. I hope this does not cause anyone inconvenience, but I
took time and space that was available.

Note:  I did not schedule during Interview week, Finals week or Spring
Break.

1/25   SHDH 1203
2/1     SHDH 1203
2/15   SHDH 1203
3/1     SHDH 215
3/22   SHDH 215
3/29   SHDH 215

Any questions, please contact the FAP office.

Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
215.573.8394   fax 215.573.5727
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu


As required by the Houston Fire Department, a fire drill has been scheduled for the Enron Center Campus.

	Enron Center North, 1400 Smith St., approximately  3:15 PM on Thursday, December 20th, 2001

	Enron Center South, 1500 Louisiana St., approximately 3:45 PM on Thursday, December 20th, 2001

Please advise all clients, contractors, and visitors that this will be a fire drill only. The fire alarm will sound at 3:15 PM in Enron Center North and 3:45 PM in Enron Center South. You will be asked to go to the stairwell and standby.  Do not go into the stairwell.  Further instructions will be given over the public address system.  If you experience any difficulties in hearing either the fire alarm or any announcements over the public address system, please notify the Facilities Help Desk by e-mail at facilitieshelpdesk1@enron.com.

Anyone that is mobility impaired or medically disabled may be excused from participating in this drill by sending an e-mail to Harry Grubbs.

If you have any questions or need any additional information, please contact Harry Grubbs at 713-853-5417.


Louise,

I believe that this message has been sent to me in error.

Thanks

Martin
Enron Messaging Team

-----Original Message-----
From: Kitchen, Louise
Sent: Sat 10/11/2001 01:31
To: Allen, Phillip K.; Arnold, John; Arora, Harry; Baughman, Edward D.; Belden, Tim; Black, Don; Breslau, Craig; Calger, Christopher F.; Collonges, Remi; Davies, Derek; Davis, Mark Dana; Deffner, Joseph; Devries, Paul; Duran, W. David; Forster, David; Foster, Chris H.; Gonzalez, Orlando; Grigsby, Mike; Herndon, Rogers; Josey, Scott; Kitagawa, Kyle; Lagrasta, Fred; Luce, Laura; Thomas, Martin; McMichael Jr., Ed; Miller, Don (Asset Mktg); Milnthorp, Rob; Mrha, Jean; Neal, Scott; Presto, Kevin M.; Shively, Hunter S.; Sturm, Fletcher J.; Swerzbin, Mike; Tricoli, Carl; Vickers, Frank; Tycholiz, Barry; Wiggs, Brett; Zufferli, John; Zipper, Andy; Gomez, Julie A.; Schwieger, Jim; Thompson, C. John; Williams, Jaime; Irvin, Steve; Alatorre, Jaime; Kroll, Heather; Curry, Mike
Cc: Lavorato, John
Subject: Communication Materials for you

These are the briefing materials, as the deal was announced so late we are unfortunately not able to verbally talk you through them but here's what we have been given..

Louise & John

Attachments:
        -- press release, issued by Dynegy and posted on www.enron.com in the Press Room
        -- timeline for communication rollout
        -- key messages for use with internal and external audiences
        -- talking points for use with employees
        -- email to employees w/ link to Q&As
        -- video script (to be viewed by employees on the intranet: UpFront!)
        -- external Q&A for use with the media and external audiences
        -- internal Q&A for background use in meetings with employees
        -- intranet Q&A posted on the web for employees

<<Final Release.doc>>

<<timeline.doc>> <<messages.doc>> <<Talking Points.doc>> <<announce email.doc>> <<mergervideokllscript3.doc>> <<External QA.doc>> <<Internal QA.doc>> <<Intranet QA.doc>>


GREENFIELD CAPITAL PROJECTS

Cuiaba Pipeline (Bolivia/Brazil)- Joe Kolb reports that construction in the
Ridges is now proceeding in all areas.  Directional drilling of some of the
Ridges is progressing more slowly than originally anticipated due to the
hardness of the limestone.  Specialists are being called in.  Restoration of
disturbed areas is being accomplished at a rapid pace in anticipation of the
onset of the rainy season.  Joe will be going to inspect the route along with
Edgar Zuleta (Corp EH&S South America) next week.

RioGen/Eletrobolt PPs (Brazil)- Joe Kolb is waiting for a pipeline
reroute-specific conference call to be scheduled (as per the last project
conference call) to discuss the issues.  Joe conferred with Lauren Goldblatt
and John Ayers (Enron SA) and John is working to ensure that the conference
call is scheduled and to ensure that the school/orphanage is avoided.  Bob
Moss will be presenting his route findings to Lauren, Joe, Susan W., John
Ayers, Lisa Alderman (Enron SA), and Keith Micelli on Friday, Oct. 26.

Metgas Pipeline (India) - Joe Kolb reports that the approval of the two
laterals from the Metgas mainline may delay the overall project.  Lauren
Goldblatt offered wise counsel on alternative ways to obtain government
concurrence without having a full-blown public hearing.  The goal is to close
financing by the end of March 2001.  Main controversy is not related to
environmental matters but associated with ROW acquisition.

Powertel - Joe Kolb received considerable information from Annat Jain (Enron
India) on this fiber optic project.  It appears that it will have minimal
environmental impacts because the cable is being suspended aerially from the
existing electric transmission towers and is being buried only at
substations.  Impacts will mainly be from the equipment moving along the
corridor.

ACQUISITIONS

Project Crane (Quebec, Canada and Port Angeles, Washington) - Don Stevens has
been informed that Enron did submit a non-binding bid for Quebec City.  We
are currently in negotiations over the terms of our bid and there is at least
one other bidder still in the hunt.  We won't make it to the next round
unless we can resolve the terms and conditions sticking points. No further
due diligence is planned at this time.

Project INGA (California and Pennsylvania) - Don Stevens reviewed DASH
(draft) from George Schaefer.  Environmental issues have been addressed in
the DASH.

Military Base Privatization (Maxwell AFB/Gunter Annex) -  Joe Kolb provided
direction to Stephan Laroche (Enron OEC) on how to develop information
requested for operating the wastewater systems.  The information related to
tracking waste disposal.

CWT Thermo-Depolymerization - Don Stevens is preparing an environmental
issues matrix for the various feedstocks which may be used in the process.

Project Delta - Don Stevens has completed the review of Dames & Moore's
Preliminary Environmental Reviews of four potential underground natural gas
storage well locations.  The proposed locations are in the states of
Washington, Utah and New Mexico.

Project Toucan -  After meeting with Georgia Pacific management,  Enron is
not interested in the Brunswich, GA site due to the product being
manufactured.  Enron's offer would not be as competitive as others.  Also,
Enron is not interested in the Woodland Mill as it appears that they have
operational issues.  Enron will send a couple of engineers to the site for
review.  Enron will only be bidding on the Leaf River, MS site.  Given the
altered scope, no work is required in evaluating Brunswick.  By November 1,
2000 Enron will decide whether to submit a bid for Woodland.  Georgia Pacific
still requires that binding bids be submitted by mid-November and this date
will apply to both Leaf River and Woodland.  The current schedule has the
management approval process beginning on November 9, 2000.  Don Stevens
conducted a review of documents supplied by Georgia Pacific regarding the
Leaf River site.  Don Stevens will be conducting a due diligence site visit
of the Leaf River facility on October 29 - 30, 2000.

DEPARTMENT PROJECTS

BMPs - Joe Kolb distributed all three linear facility BMPs to the Enron EH&S
Council for their review.  All comments have been received and evaluated for
the Pipeline BMPs.  Joe Kolb sent the Fiber Optic BMPs to Wilson Dietrich
(EBS) for his review and comments. The Electric Transmission Line BMPs were
sent to Bob Moss (EE&CC) for his review and who passed them on to Dennis
Alexander (EE&CC) for his staff to review.  Initial responses are positive.

EHS Guidelines - The Environmental Sub-Committee (of the EHS Council) will
conduct a review of the Enron EHS Guidelines and lead the effort to revise
them to ensure that they have a broader scope to cover Enron's diverse asset
portfolio (power, pipelines, pulp/paper mills, metal recycling, etc.).  This
effort will include the identification of EHS BMPs and will likely include
the construction BMPs Joe Kolb has been developing.

EHS Intranet Site - Gavin Dillingham continues to work on the EHS intranet
site. The target date for launch of the site is now December 1st. Most
content has been received for the site. We are also waiting on the approval
of the Renewable Portfolio Standard information from the Environmental
Strategies group and the Regulatory and Legislative Reports from Marc
Phillips. These two items should be approved by the end of the week.

Life Cycle Analysis Phase I - A.D. Little has completed their identification
of Enron's products and services.  A meeting will be held either Friday, Oct.
26 or Monday, Oct. 30 to discuss follow-up questions with the business
units.

VOLUNTEER ACTIVITIES/COMMUNITY RELATIONS

Solar Panel Donation - Joe Kolb and Michael Terraso visited  the Armand Bayou
Nature Center last week, discuss their use of the panels, and have agreed to
donate the panels.

Enron Earth Day Festival/Buffalo Bayou Challenge - Joe Kolb and Gavin
Dillingham have developed a proposal for how to implement a possible "Bayou
Challenge," which would be a bayou cleanup activity.  A meeting with
Community Relations folks to discuss the proposal will occur on October
26th.  The Corporate EHS group will participate in a trial run December 8th
to work out the kinks.

ADMINISTRATIVE

Safety Contract Person - Donnie Willmann made offer to contract safety person
to assist in old CALME region.  Contractor has verbally accepted pending
review of contract.  Should start within the next two weeks.

Environmental Award - On Oct. 21 Donnie Willmann accepted an Environmental
Award on behalf of Ken Lay and Enron for their efforts in promoting
environmental awareness and improving the environment in the Houston area.
The award was presented at an Environmental Forum 2000 at the George R. Brown
Convention Center.  The award was presented by Carol Mims Galloway, City
Council Member, District B. Enron was the only company in Houston presented
with an Environmental award.

EUROPE, INDIA and ASIA

Spain Arcos ) Alan Stringer is preparing the Enron Europe Ltd. Construction
Health and Safety and Environmental Management Plan.

Regional Support Co-ordination Team-Europe ) Alan Stringer made a
presentation to Enron Europe explaining the role of EHS Corp. in the Due
Diligence Process emphasizing environmental and social issues.

Enron Metals ) Alan Stringer is preparing  the integration of Enron EHS
guidelines for Enron Metals Europe.  Bal Wong conducted  an EHS inspection
of  Henry Barth Singapore warehouse.  Scott Watson scheduled to conduct EHS
inspection of Henry Barth USA warehouse in California.

Poland, Turkey, UK ETOL ) Alan Stringer continues to work with plant
management in preparing procedures that meet Enron EHS Guidelines.

UK ) Isle of Dogs New Project ) Supporting Engineering Services in
preparation of EIA and IPPC permit application.

CALME

Puerto Rico, San Juan Gas - Donnie Willmann met with the Puerto Rico
Environmental Quality Board (EQB) to finalize the waste characterization plan
for the Feasibility Study and Risk Assessment.  EQB gave verbal approval for
the waste characterization plan.  Characterization will begin Nov. 13.

Panama, San Francisco Site - Bill Curra is currently assisting the
remediation work.

Panama, Bahia Las Minas (BLM) Power Plant -  Bill Curra continues to support
remediation activities at BLM Plant.  No problems have been incurred.
Project is anticipated to be finalized by Nov. 10.  Gus Eghneim is reviewing
proposals for the emission testing work.  Selection of contractor will be
done Oct. 27.  He is also assisting in developing the cleanup work plan for
hydrocarbon contaminated unlined detention basin.

SOUTH AMERICA

Bolivia, GasOriente Boliviano Ltda. - Edgar Zuleta participated in the Owners
Audit and the Emergency Action Plan audit and the Mechanical Completion
task-force The EAP will also apply to the pre-operational activities.

OEC / NORTH AMERICA

2001 Safety Action Plan  -  Scott Watson  competed the OEC Facilities 2001
Safety Action Plan.   The Plan will be presented to Mark Dobler (OEC) and his
staff for approval and implementation at all OEC facilities.

Medical Surveillance & Wellness Program - Scott Watson received protocol
material from Mary Ann Roman De Meza.   He is currently preparing the Medical
Surveillance & Wellness Procedure.

Caledonia & New Albany Plant Facilities - Scott Watson conducted EH&S Audits
at New Albany  and Caledonia Plants on Oct 24 - 27.

Wheatlant Plant, CEMS Standard Operating Procedures - Ramiro Garcia completed
the CEMS Standard Operating Procedures (SOP) and Emergency Response Plan
(ERP) for Wheatland Plant.   SOP and ERP were submitted to the state on
October 23.  Also submitted the Quarterly Compliance Monitoring/Deviations
Report to the state on October 24.

2000 Peakers, Due Diligence  ) Gus Eghneim is preparing responses to
questions received from potential buyers of the 2000 Peakers.  Responses will
be submitted to Enron legal department.

REGULATORY TECHNICAL ANALYSIS

INGAA NSR Task Group - Marc Phillips is heading a newly formed INGAA Task
Group on New Source Review. The first conference call for the group is
scheduled for this Friday.

EPA Regulatory Activities - Marc Phillips distributed to Enron personnel a
listing of 88 actions, mostly regulatory, that EPA plans on taking between
now and January 20, 2001. Fourteen of the actions were identified as having
an impact on Enron. This information was presented at the EH&S Council
meeting.

TNRCC Commissioners Work Session - Marc Phillips attended the TNRCC
Commissioner's Work Session where the Commission directed TNRCC staff to lift
the temporary hold on the review of certain New Source Review (NSR) permit
applications. This hold had affected applications for new permits and permit
amendments received after September 18, 2000, which would authorize new
emissions of NOx in the eight-county Houston/Galveston ozone non-attainment
area.

Office and Field Ergonomics Safety Procedures - Russell Tucker issued the
second draft of the proposed "Enron Office Ergonomics Program" safety
procedure and the first draft of the "Enron Field Ergonomics Program -
Construction" safety procedure for review and comment by the members of the
Enron EH&S Council.

Enron Houston Accident and Injury Reporting, Investigation and Recordkeeping
- Russell Tucker assembled the final three forms necessary to complete the
attachments to the "Enron Houston Accident and Injury Reporting,
Investigation and Recordkeeping" procedure commissioned by the Enron EH&S
Safety Sub-council for development. The procedure is awaiting review by
Maryann Roman De Meza, after which it will be released for review and comment
by the Safety Sub-council members.

ADVOCACY

Pipeline Safety Legislation  - While there is still a slim chance that the
Senate (McCain) legislation may be included in a last-minute appropriations
package, most Capitol Hill sources are pessimistic that a bill will be passed
this Congress. The Administration, concerned that it could shoulder the blame
for killing safety legislation in Congress, is planning an "Executive
Action," which will likely take the form of a Clinton Executive Order, paired
with the release of a DOT rule on integrity management for liquid pipelines
(which was expected shortly anyway.)

MTBE Legislation -- S. 2962, which passed the Senate Environment Committee in
September is not expected to be included in any last-minute appropriations
legislation.  The issue will likely be addressed next Congress.  Enron has
secured commitments of several key members of Congress that "transition
incentives" for MTBE producers will be considered along with any legislation
to ban or limit the product.

Clean Air Act/"Multi-Pollutant" Legislation -- it is likely that next
Congress will consider CAA reform legislation, and much attention is already
being paid to approaches to reducing emissions of multiple pollutants (SO2,
NOx, Mercury, CO2) from the electric generation sector while also fixing
problems with the New Source Review program.   Out of concern that merchant
gas generation, distributed generation, energy efficiency and other "clean"
solutions might be left out of the discussions, Jeff Keeler and consultant
Joel Bluestein organized a meeting of environmental groups and competitive
generation companies (PG&E Gen, Calpine, Trigen, NiSource, El Paso) to talk
about the inclusion of clean energy/IPPs in a multi-pollutant bill.   We will
be drafting a legislative solution in the coming weeks so that it can be
circulated with environmental groups, utilities, and eventually Capitol Hill
and new Administration representatives by the start of next Congress.

COMPETITIVE INTELLIGENCE/COMMERCIAL SUPPORT

Clean Air Act/NOx SIP Call Supreme Court Appeal -  The states of Ohio,
Indiana, Alabama, Michigan, South Carolina, West Virginia and Virginia have
petitioned the U.S. Supreme Court to hear an appeal of the NOx SIP call case,
which was upheld in favor of EPA by a federal appeals court earlier this
year.   The states (backed by some industry groups) are hoping that the case
will be linked in the minds of the justices to the EPA's appeal of the NAAQS
8-hour standard case, which will be heard by the Supreme Court on November 6.
(even though one case held for EPA and the other against)   If the Court
decides the two cases are related this could delay a decision until later
next year, and perhaps sway the court into finding against EPA in the SIP
case as well.

Clean Air Act/Energy Efficiency -  Mary Schoen is working on several issues
related to the use of energy efficiency projects to generate tradable
allowances/offsets in NOx control programs.  Indiana is developing its NOx
SIP, and because of the excess of allowances in its budget, would be a prime
target for including energy efficiency set-asides. EES is interested in
creating such a program, and Mary is working with EES and some of its Indiana
customers to advocate the use of energy efficiency projects to meet NOx
reduction targets.  Mary is also working in California to find offsets for
ENA new generation, and has talked with the Bay Area AQMD about using EES
energy efficiency projects to generate offsets.  Stacey Bolton met with the
Center for Resource Solutions, who is developing a "Negawatt" program in PA,
and informed EES who could benefit from participation with commercial
customers in a pilot program.

EES Premium Power Group - The Environmental Strategies team has been working
with EES' new venture into power quality, distributed generation and
reliability to assist them with intelligence about environmental drivers for
their business.  Jeff Keeler introduced EES to DOE and EPA officials working
on power quality issues, as potential sources of information, policy support
and funding.  Mary Schoen is working on a "template" environmental
regulations affecting distributed generation.   Mary is also working to
address a new Texas regulatory proposal that would severely restrict
distributed generation.  Stacey Bolton provided a summary of incentive monies
available for fuel cells and renewable resources.    We expect to provide
substantial support for this EES business as they organize in the next
several months.

California Retail Electric Market -   New Power Company is taking over EES'
residential customers in the California retail market, and Stacey Bolton is
working with NPC to advise them on regulations and reporting procedures
related to the provision of green power products to customers.  Stacey is
also advising NPC on markets in Ohio, New Jersey and Pennsylvania.

Energy Efficiency/California Pilot Project - SDG&E is looking to create a
pilot project to offer competitive energy providers the chance to take over
some of its residential customers and offer a "bundled" package of energy &
services, including many energy efficiency solutions.   Mary Schoen is
working with NPC on potential business opportunities related to this pilot
program.

Green-E Outreach to Commercial Customers -  Green-E is doing some outreach to
commercial sources about certification under the Green-E program, and Stacey
Bolton has been meeting with Green-E to discuss potential business
opportunities for Enron associated with green power offerings to these
commercial customers.

Climate Change -  Jeff Keeler spoke on a panel at the Forbes Magazine
Environmental Superconference in DC, on the topic of Business Opportunities
related to Climate Change.   Jeff also helped organize a briefing by the
White House and EPA for gas industry representatives, to hear about proposals
related to establishing baselines to show "additionally" under the CDM and JI
mechanisms, which will be a hot topic for discussion at COP 6 in the Hague.