Any interest?
----- Forwarded by Steven J Kean/NA/Enron on 11/01/2000 03:38 PM -----

	"Vidar J. Jorgensen" <vidar@worldcongress.com>
	10/31/2000 05:27 PM

		 To: "Steve Kean" <skean@enron.com>
		 cc:
		 Subject: GlobalCashExchange can establish Enron with corporate CFOs and
treasurers worldwide

Dear  Steve,
?
I am sending this to Jeff Skilling, but?I wanted  to send you a copy as well
to make sure it got into the right hands.? This  is a big idea that Enron is
especially well positioned to benefit from.? I  will telephone you to follow
up.
?
Sincerely,
?

Vidar J. Jorgensen
Global Cash  Exchange
500 West Cummings Park
Suite 5200
Woburn, MA? 01801
P:? 781-939-2572
F:? 781-939-2574
Cell P:? 781-929-2965
vidar@cbinet.com
?
?

?

?

October 31, 2000

Mr. Jeffrey K. Skilling P: 713-853-6161

President & COO F: 713-646-8381

Enron jeff.skilling@enron.com

1400 Smith Street

Houston, TX 77002

E-Mail Subject: GlobalCashExchange can establish Enron with corporate CFOs
and treasurers worldwide

Dear Jeff:

I have worked with Ken Lay and others at Enron through the World Economic
Development Congress where we brought together ministers of finance and oil
immediately prior to the IMF/World Bank Meeting.

InfrastructureWorld, of which I am co-founder and vice chairman, has
recently  received $10 million each in funding from the IFC division of the
World Bank and  Bechtel. GlobalCashExchange is a separate, but related
business. We have the  plan, the experienced management team and proven
technology, and we will be  selecting major financial institution as a
partner.

At the request of our corporate CFOs we are developing an internet based
exchange for foreign exchange, short-term cash and credit that could give
Enron  a powerful product to sell to corporations worldwide. I have attached
and  executive summary and a business plan. I would like to discuss this with
you at  your earliest convenience.

Major sources of trade, development and investment friction and inefficiency
in large developing countries in particular include the facilitation of
foreign  exchange, short term cash, credit and working capital transactions.
This is a  source of high cost and frustration even for major global
corporations, and for  middle and smaller corporations these are even greater
burdens. Today there are  no reliable and continuous flowing price sources
for softer currencies as there  are for hard currencies. Even the larger soft
currencies like the Real or Rupee  are quoted only 3 to 4 times a day on
Reuters, and the only spot quotes are  available from traders who are
motivated to benefit from a large spread. The  GlobalCashExchange will allow
buyers to transact at the middle of the interbank  spread. There are lots of
Internet based foreign exchanges, and none that I have  actually seen support
buyer to buyer transactions.

GlobalCashExchange will develop an Internet based exchange for foreign
exchange, short term cash and credit. The goal is to reduce costs of such
transactions. Global Cash Exchange can also greatly enhance capital
formation  and the formation of local capital markets in developing
countries. This is a  large and complex undertaking where we will need to be
partnering with one or a  group of major financial institutions like
Citibank, Cantor Fitzgerald, State  Street Bank, Schwab and the World Bank.

As you know, the Foreign Exchange (FX) market is the largest and most
participated financial market in the world with over $1.5 trillion exchanges
daily throughout the world. There is no central market place for FX
transactions: all FX transactions are conducted through a network of banks,
dealers and brokers. Approximately 2/3 of FX transactions involve banks
dealing  directly with each other. The potential market for short term cash
and credit  --which will ultimately reduce the need for foreign exchange
transactions -- is  even larger.

We are funding this internally and are starting to develop outside investor
support. We have established great partnerships with organizations such as
Standard & Poor's and Medley Global Advisors  (http://www.medleyadvisors.com
), for ratings and content on the site, VMAC (a  division of FSA that has
patented the concept of providing pooled credit  enhancement facilities
http://www.fsa.com), for revolving credit enhancement  facilities and
Gen3Partners (http://www.gen3partners.com), for strategic and  technological
advice. Transactions that cannot be matched can be cleared through
Deerhurst, a leading foreign exchange fund manager who has agreed to provide
liquidity from day one. We also know that we can purchase insurance for
around  $7 billion of annual transactions for just under $1M a year. GCX is
now at a  point that it has answered most of the questions that we had. We
have a  commitment from Ashton Technologies for full build out of SEC
approved  technology in exchange for equity. This technology has been used
successfully  for more complex securities transactions and allows for many
equity market  facilities that Forex markets do not currently have such as
reserve book, limit  order and so forth. A description of the Ashton
technology and an executive  summary that we use for our corporate clients
are attached.

We have good corporate support through World Research Advisory (WRA), an
affiliated provider of research for corporate treasurers. WRA supplies
Gartner  and Forrester type subscription research and advisory services to
global 2000  companies. The contact list includes the CFO's of the following
companies, many  of whom have agreed to participate in the Global Cash
Exchange:

ALCOA
ALLSTATE INSURANCE COMPANY
AT&T
BELLSOUTH CORPORATION
CHUBB CORPORATION
CNF TRANSPORTATION, INC.
COMPAQ
CONTINENTAL AIRLINES, INC.
DELL
DUPONT
DYNEGY, INC.

EXIDE CORPORATION

FDX CORPORATION
FEDERAL RESERVE BANK OF CHICAGO
FORD MOTOR CORPORATION
FPL ENERGY, INC

GENZYME CORPORATION
GILLETTE COMPANY
HALLMARK CARDS INC.
HEWLETT-PACKARD
INTERNATIONAL PAPER
KPMG
LOCKHEED MARTIN CORPORATION
LITTON INDUSTRIES
LUCENT TECHNOLOGIES
MASTERCARD
MCDONALDS CORPORATION
MERCK & COMPANY
MERISEL, INC.
MICROSOFT CORPORATION
MOTOROLA, INC.
NORDSON CORPORATION
ORACLE CORPORATION
PECO ENERGY COMPANY
PEOPLESOFT
PEPSICO, INC.
PHILIP MORRIS COMPANIES INC
PPF INDUSTRIES
RYDER SYSTEM, INC.
SCHOLASTIC CORPORATION
SEAGATE TECHNOLOGY, INC.
SEALY, INC.
SIEMENS
SONOCO PRODUCTS CO.
SUN MICROSYSTEMS
U.S. POSTAL SERVICE
WESTINGHOUSE

So we have willing and interested contacts at Global 2000  companies.

I will telephone you to follow up. I can be reached by telephone at
781-939-2572, by fax at 781-939-2574 and via e-mail at
v.jorgensen@worldcongress.com.

Sincerely,

?

Vidar J. Jorgensen

GlobalCashExchange

Attachments:

1. IFC World Bank Press Release (00-0926-06)

2. Ashton Technology Product Description (00-1025-03)

3. Executive Summary for prospective corporate clients (00-1018-06)

4. GCX Business Plan

cc: Kenneth Lay

Chairman and CEO

Enron Corporation

1400 Smith Street

Houston, Texas 77002

P: 713-853-6088

F: 713-853-3129

	Donald Lassere

	President

	Enron Broadband Services

	1400 Smith Street

	P: 713-853-6341

	F: 713-646-8795

	donald_lassere@enron.net

00-1031-03/jm

 - 00-1031-03.doc
 - 00-0926-06.doc
 - 00-1018-06.doc
 - 00-1025-03.doc
 - gcxbusinessplan (3).doc


Fyi
Robert Walls

-----Original Message-----
From: Dobin, Nora <Nora.Dobin@ENRON.com>
To: Rogers, Rex <Rex.Rogers@ENRON.com>; Eickenroht, Robert <Robert.Eickenroht@ENRON.com>; Armogida, Jim <Jim.Armogida@ENRON.com>; Abrams, Clement <Clement.Abrams@ENRON.com>; Taylor, Mark E (Legal) <Mark.Taylor@ENRON.com>; Tweed, Sheila <Sheila.Tweed@ENRON.com>; George, Robert H. <Robert.H.George@ENRON.com>; Sager, Elizabeth <Elizabeth.Sager@ENRON.com>; Gray, Barbara N. <Barbara.N.Gray@ENRON.com>; Bushman, Teresa G. <Teresa.G.Bushman@ENRON.com>; Aronowitz, Alan <Alan.Aronowitz@ENRON.com>; Keohane, Peter <Peter.Keohane@ENRON.com>; Murray, Julia <Julia.Murray@ENRON.com>; Heinitz, Mary J. <Mary.J.Heinitz@ENRON.com>; Korkmas, Deb <Deb.Korkmas@ENRON.com>; Lyons, Dan <Dan.Lyons@ENRON.com>; Hodge, Jeffrey T. <Jeffrey.T.Hodge@ENRON.com>; Evans, Mark (London Legal) <mark.evans@enron.com>; Walls Jr., Rob <Rob.Walls@ENRON.com>; Rogers, Daniel R. <Daniel.R.Rogers@ENRON.com>; Sharp, Vicki <Vicki.Sharp@ENRON.com>; Schwartzenburg, John <John.Schwartzenburg@ENRON.com>; Fossum, Drew <Drew.Fossum@ENRON.com>; Lundstrom, Bruce <Bruce.Lundstrom@ENRON.com>; Ale, John <John.Ale@ENRON.com>; Newell, Eric <Eric.Newell@ENRON.com>; Nichols, Douglas <Douglas.Nichols@ENRON.com>
CC: Haedicke, Mark E. <Mark.Haedicke@ENRON.com>; Schuler, Lance (Legal) <Lance.Schuler-Legal@ENRON.com>; Mintz, Jordan <Jordan.Mintz@ENRON.com>
Sent: Sat Oct 27 20:02:51 2001
Subject: FW: Material Contract Review -- ASAP

We have heard from many of you regarding the attached request.  This e-mail lets you know suggested recipients to date.  It also confirms that (i) the current goal is to ascertain whether a change of ownership of either Enron Corp. or Enron North America Corp. will cause contract breaches, defaults or terminations resulting in material liabilities and (ii) the timetable is as soon as possible.  Preliminary responses early this week (subject to further review as necessary) would be most helpful.

Thanks again, NJD

 -----Original Message-----
From: 	Dobin, Nora
Sent:	Friday, October 26, 2001 10:30 PM
To:	Rogers, Rex; Eickenroht, Robert; Armogida, Jim; Abrams, Clement; Taylor, Mark E (Legal); Tweed, Sheila; George, Robert H.; Sager, Elizabeth; Gray, Barbara N.; Bushman, Teresa G.; Aronowitz, Alan; Keohane, Peter; Murray, Julia; Heinitz, Mary J.; Korkmas, Deb; Lyons, Dan; Hodge, Jeffrey T.; Evans, Mark (London Legal)
Cc:	Haedicke, Mark E.; Schuler, Lance (Legal); Mintz, Jordan
Subject:	RE: Material Contract Review -- ASAP

To clarify, consider contracts to which Enron Corp., Enron North America Corp. or their subsidiaries are parties that contain provisions concerning a change of ownership/control of Enron Corp. or Enron North America Corp.  At this point, we are considering material contracts, or a group of similar or standard contracts that collectively are material, or contracts the breach of which could result in material liability.

Thanks, NJD

	 -----Original Message-----
	From: 	Dobin, Nora
	Sent:	Friday, October 26, 2001 6:05 PM
	To:	Rogers, Rex; Eickenroht, Robert; Armogida, Jim; Abrams, Clement; Taylor, Mark E (Legal); Tweed, Sheila; George, Robert H.; Sager, Elizabeth; Gray, Barbara N.; Bushman, Teresa G.; Aronowitz, Alan; Keohane, Peter; Murray, Julia; Heinitz, Mary J.; Korkmas, Deb; Lyons, Dan; Hodge, Jeffrey T.
	Cc:	Haedicke, Mark E.; Schuler, Lance (Legal); Mintz, Jordan
	Subject:	Material Contract Review -- ASAP

	We just have been asked to review on an expedited basis all material contracts of ENE and ENA for change-of-control type provisions.  Please let us know what contracts or guidance you may have or know of; we need to begin reviewing/collecting information ASAP, i.e., this weekend.  If you know of someone who should receive this e-mail but who has not, please forward.  You may contact me at any of the below numbers.

	Thanks for your help.

	Regards, NJD

	Nora J. Dobin
	Senior Counsel
	Enron Corp. - Global Finance
	1400 Smith Street, Suite 2083
	Houston, Texas 77002

	Phone:  713/345-7723
	Fax:      713/853-9252

	Home:	713/864-1175


what is the id and password??


https://gcs.enron.com/expertfinder/tcid.asp

Steve,
Please take a look and I will be available to walk you through the
application at your convenience.   I've attached a power point presentation
to help describe.
ay


Oh be still my aching heart,
filled with bitter sorrow at my loss, (sniff)

I'm ready to move to Ohio and become a pig farmer and work on my poetry!!


I'm losing track, here.  Is anyone working on an Operating Agreement with
Merl Vanek for the water well on Vanek's grazing lease at
Bammel?  I believe I sent a copy of Vanek's Grazing Lease to Gerald a week or
so ago.

Whoever has the assignment, please include language concerning not only
Vanek's full responsibility for operation and maintenance at no cost or
expense to HPL, but also his accountability to bear and fines, charges or
fees associated with the ownership and operation of the well.

Please send me a draft of this Operating Agreement at your earliest
opportunity.  Ir's effective date will be the same as the effective date for
HPL's ownership of this well.


From: ECT & RAC Management

As you are aware, the performance management process has been modified to
better focus on the objective of getting/giving feedback and establishing
development and performance goals.

To ensure a successful mid year process, a workshop has been developed to
introduce the changes and train you on the process.  It is critical that you
make every effort to attend the workshop.  The session will cover:
Performance management process and forms
The employee,s and supervisor,s responsibilities, and
Instructions on how to use the automated performance management system

The Houston training will be held at the Doubletree Hotel from June 18 - 25,
1999.  Each session is 2 hours.  The schedule for the non-Houston-based
training will follow shortly.

You can sign-up for the session of your choice through the ECT Development
Center &Ernie8 under the Performance Management category.  If you do not have
access to the Development Center, please call the Ernie Hotline at 3-0357.
Please make every effort to attend this highly critical training.

 Click here to connect to the ECT Development Center

The performance management process includes the following key activities and
dates:

June 14th Performance Management System opens and user IDs are assigned
June 18th - 25th All employee training sessions
June 14th - July 31st Performance assessment, feedback and development
planning

For more detailed information regarding the process steps and the roles and
responsibilities of employees, managers and reviewers, go to the Performance
Management website at go to http://hrweb.enron.com/ect/   then click on
"Performance Mgmt" in the lefthand menu.


Member Services
Notice No. 00-88
February 8, 2001

COMMODITY EXCHANGE, INC.

TERMINATION OF MEMBER FIRM PRIVILEGES

Please be advised that effective with the close of business February 7, 2001,
Billiton Stratcor, Inc. has voluntarily terminated their Member Firm
privileges.

Members and Member Firms have ten (10) days from the date of this notice to
advise the Corporate Secretary,s Office of any claims against Billiton
Stratcor, Inc.

Inquiries regarding the above should be directed to the Member Services
Department at 212-299-2370.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-88)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Start Date: 4/22/01; HourAhead hour: 12;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042212.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 12 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL

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

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TRADING_SC: CRLP
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 12 / Preferred: -100.00 / Final: -99.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TRADING_SC: EPPS
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 12 / Preferred:  64.64 / Final:  64.59)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


Don,

Thanks for the fax survey.  We couldn't read the numbers however.  Please
mail a copy to our house when you get a chance.

Are there any issues from your point of view?  I would like to understand
what the limitations are on the easements but it appears that everything is
done.  Are we ready to close and how do we do this?
Thanks,
Mike

"Cheryl Bach" <cheryl@flex.net> on 04/18/2001 09:23:21 AM
To: "Mike McConnell" <Mike.Mcconnell@enron.com>, "Mike McConnell/Home"
<mmccontex@aol.com>
cc:
Subject: Title Commitment / Easements

Paragraph 9 of Schedule B of the Commitment for Title Insurance reflects the
number and size of the easements.  However, the survey will show where they
are actually located.  As soon as we receive the survey, we will advise you
accordingly.

       Very truly yours,

       Donald S. Stirman

DSS/csb


Ben:

The attached fil econtains a Cinergy Indemnity Letter, which I've prepared at
the request of Stuart Zisman.

PLease give Stuart a call if you have any questions (ext. 3-7493).

Take care,

Ed Hearn

(Select  your Lotus Notes LAUNCH feature to open the file with correct
formatting.)


Celeste,

I would like to ask you for a favor. We would like to have Sevil as an intern
in our group
this summer. She prepares a Ph.D. dissertation  on transmission: a critical
issue to the power
markets everywhere.

I have also a few other students I would like to take in as summer interns. I
shall send you
the resumes in separate messages.

Vince Kaminski

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/11/2000
12:51 PM ---------------------------

sevil yaman <syaman_98@yahoo.com> on 02/10/2000 10:22:28 PM
To: vkamins@enron.com
cc:
Subject: Summer Internship Position

Hi Dr. Kaminski,

As I told you last Monday in Dr. Kao's class I am
looking for a summer internship position in your group
in which I can use my economics background together
with my quantitative skills and knowledge in
electricity markets. Currently, I am a third year
Ph.D. student at the Economics Department of  the
University of Houston. At the end of this semester
I'll be completing my coursework and starting to write
my dissertation which analyzes the access pricing
issue in network industries, especially in electricity
transmission.
I would like to give you a few examples from my
coursework. In addition to basic Statistics I-II and
Econometrics I-II, I have taken "Macroeconomic
Modeling and Forecasting" (Time Series) class in which
I learned RATS. In "Applied Econometrics" class, it
was given a great deal of attention to the case method
learning approach that involved extensive computer
analysis. We were taught SAS. As a term paper I worked
on electricity demand forecasting. This semester I am
taking "Special Topics in Applied Econometrics" course
in which I am being taught Qualitative Dependent
Models, MLE, Panel Data Techniques, and so on, and as
software STATA. Moreover, this semester I am also
taking "Options Theory and Its Applications" class and
auditing Dr. Kao's class. I definitely agree with you
in what you mentioned in your lecture last Monday
about the understanding of the options theory as a
necessity in the energy sector.
Besides, I spent my last summer in the Oil and Gas
unit of the World Bank as a research assistant. This
work experience in which I had great exposure to the
energy market issues and my own research area, which
is regulation of transmission pricing (congestion
pricing), made me believe that the ongoing
restructuring of the electricity sector, especially
the transmission network issue, could be well
understood by working in the industry.
Dr. Kaminski, attached you can find my resume. I would
be glad if you could find a chance to review it and
get back to me soon.

Many thanks,

=====
Sevil Yaman
Department of Economics
University of Houston
Houston, TX 77204-5882
(713) 743-3814 / 3817
__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
 - resume-sevil.doc


Congrats big guy!  I look forward to showing you the sights in the Big O.
Since that will only take about 10 minutes, we'll have plenty time to go out
for a beer afterwords!  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 09/28/2000
09:16 PM ---------------------------

	From:  Bill Fowler                           09/28/2000 11:20 AM

To: Enron Everyone_ET&S_Omaha
cc:

Subject: Organizational Announcement

I am pleased to announce that Frank Semin has been promoted to Director of
Marketing for the Central LDC Team in the Business Development and Marketing
Group and will be relocating to the Omaha.

Frank brings extensive experience to this position having previously worked
in Gas Accounting, Financial Planning and most recently as an Account Rep for
the North LDC Team.

Frank received his B.S. from Creighton and Masters in Economics from
University of Nebraska at Omaha.

Please join me in congratulating Frank on his new position.


Very good.

I was in Miss yesterday and have a doctor's appt this am.  I'll call later.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 06/04/2001 09:57:54 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Midway

Kay-we have no conflict with Ft. Pierce Utility Authority

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, June 01, 2001 4:15 PM
To: jkeffer@kslaw.com
Subject: RE: Midway

---------------------- Forwarded by Kay Mann/Corp/Enron on 06/01/2001 04:14
PM ---------------------------

From: Ben Jacoby/ENRON@enronXgate on 06/01/2001 04:09 PM

To:   Kay Mann/Corp/Enron@Enron
cc:

Subject:  RE: Midway

I'm sorry. TECO and Ft. Pierce Utility Authority.

    -----Original Message-----
   From:   Mann, Kay
   Sent:   Friday, June 01, 2001 1:35 PM
   To:     Jacoby, Ben
   Subject:  RE: Midway

     I need the name of the other party involved in Ft Pierce so that John
     can clear conflicts.

     From: Ben Jacoby/ENRON@enronXgate on 06/01/2001 12:24 PM

     To:   Kay Mann/Corp/Enron@Enron
     cc:

     Subject:  RE: Midway

     Can we assume this will also cover Ft. Pierce?

         -----Original Message-----
        From:     Mann, Kay
        Sent:     Friday, June 01, 2001 10:09 AM
        To:  jkeffer@kslaw.com; Jacoby, Ben
        Subject:  Midway

        Mark Haedicke approved the hiring of King & Spalding for this
        matter.  I will drop Mr. Derrick a voice mail, but I would faint if
        he objected.

        John, we need to talk about the sale of the LLC, and the generation
        of a draft doc re same.  Please let me know if you are available
        today to discuss this transaction with Sr. Jacoby and me.
        Additionally, it would be helpful to discuss the tolling
        arrangement with Ken.

        Thanks,

        Kay

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


Put the West desk down for 5 people.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/12/2000
03:24 PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           10/12/2000 09:38 AM

To: Patrick Ryder/NA/Enron@ENRON
cc:
Subject: Re: Paint ball

The date is good for the West desk.  I will forward a headcount later today.

DG    3-9573


Today, Enron hosted a conference call to give investors a current overview of the company. Here's an update of what we discussed during the call.

We told investors that we're doing everything we can to protect their interests and to regain their confidence. Our focus remains on our credit quality, balance sheet and liquidity, which are essential for our continued success and expansion of our wholesale businesses.

It took more than a few weeks to get where we are today. Here's a snapshot of significant events that led to our current situation:

-- In hindsight, we definitely made some very bad investments in our non-core businesses over the past several years. Those include investments in Azurix, India and Brazil. They have performed far worse that we could have ever imagined when we made these investments;

-- Because of these bad investments, we've become over-leveraged as a company. The negative impact of those investments was exacerbated through the extensive use of debt capital both on and off our balance sheet;

-- We also entered into related party transactions that led to a loss of investor confidence, which has been very damaging;

-- We've been criticized for our lack of transparency and our hard-to-understand financial and operating disclosures; and

-- On top of it all, we discovered errors in our financial statements, as discussed in our 8-K filing last week, that required a restatement of previously reported earnings.

We've taken a new look at our businesses and have separated them into three areas: core businesses, non-core businesses, and businesses under review.

Core Businesses

Our core businesses remain strong and consistent sources of significant earnings and cash flows for the company. They're our competitive advantage. These include:

-- Natural gas pipeline businesses;

-- Gas and power businesses in North America and Europe;

-- Retail businesses in North America and Europe; and

-- Coal businesses in North America and Europe.

The events of the past few weeks have had a temporary negative impact on our projected fourth quarter profitability. It's too early to tell at this time what impact this might have on our operating results. We are considering these actions now so that we can quickly return to normal business in 2002.

I also remain optimistic that the actions we've taken over the past couple of weeks have addressed our customer and counterparty credit and liquidity concerns. According to our business unit leaders, we have definitely seen improvement in our counterparty relationships.

Non-Core Businesses

Our non-core businesses include our global assets group and our broadband division. We have invested more than $8 billion in these businesses, and the return from them has been dismal.

We have an aggressive program in place to exit these businesses and expect that the sale of these businesses will generate billions of dollars in cash that we can use to repay debt and reinvest in our core businesses. We already have more than $800 million in assets contracted for sale this year. They include CEG Rio, a gas LDC in Brazil; EcoElectrica, a power plant and LNG receiving terminal in Puerto Rico; and asset sales of offshore oil and gas properties in India. The approximately $2.9 billion Portland General sale is also on target to close in late 2002 pending regulatory approvals.

Businesses Under Review

These businesses are comprised of those operations outside our power and gas wholesale businesses and include global and industrial markets. While several of these businesses have very strong future prospects, we need to determine if their capital requirements and near-term growth prospects are sufficient enough in terms of earnings and cash generation.

Reviewing our businesses this way will help determine where we need to make reductions to our work force. More information will follow as soon as it becomes available.

Credit Rating/10-Q Filing

We continue to meet regularly with credit rating agencies and believe that our liquidity enhancements and scheduled asset sales will strengthen our balance sheet and maintain our investment grade credit rating. Our current credit ratings by the three major rating agencies are as follows:

-- Moody's at Baa3       "Under Review for Further Downgrade"

-- Fitch at BBB-             "Evolving Status"

-- S&P at BBB-              "CreditWatch Negative"

We also discussed our existing financial vehicles, including Osprey, Marlin and Yosemite, in further detail. We told investors that we will file our 10-Q five days late due to our current activities. It will be filed on Nov. 19.

We will continue to have updates with investors over the coming weeks as well as our frequent updates with you. The full transcript of our conference call will be filed with the Securities and Exchange Commission in the next few days. It will also be posted on our web site at www.enron.com/corp/investors under "SEC Filings."

In connection with the proposed transactions, Dynegy and Enron will file a joint proxy statement/prospectus with the Securities and Exchange Commission. Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either: Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) 507-6466, Fax: (713) 767-6652; or Investor Relations, Enron Corp., Enron Building, 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (713) 646-3302.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.


I would like to attend.

 -----Original Message-----
From: 	Elbertson, Janette
Sent:	Monday, August 13, 2001 8:56 AM
To:	Aronowitz, Alan; Asmus, Deborah; Blaine, Michelle; Brownfeld, Gail; Bruce, Robert; Bushman, Teresa G.; Carolan, Dominic; Cash, Michelle; Castano, Marianne; Clark, Barton; Collins Jr., Harry M.; Cook, Mary; Corbet, Nancy; Crady, Ned E.; Culver, Deborah; Daniels, Eddy; Darmitzel, Paul; Davis, Angela; Del vecchio, Peter; Dickson, Stacy E.; Dieball, Scott; Dietrich, Sarah; Donovan, Elisa; Edison, Andrew; Engeldorf, Roseann; Essandoh, Edwin; Freed, Richard; George, Robert H.; Gray, Barbara N.; Greenberg, Mark; Gresham, Wayne; Hansen, Leslie; Harkness, Cynthia; Hendry, Brent; Henry, Joseph; Hicks, Michelle; Higgason, Kelly; Hodge, Jeffrey T.; Keller, James; Koehler, Anne C.; Leite, Francisco Pinto; Lindeman, Cheryl; Lyons, Dan; Mann, Kay; Maynard, Michelle; McCullough, Travis; Mellencamp, Lisa; Moore, Janet H.; Murphy, Harlan; Murray, Julia; Nelson, Bonnie; Nelson, Cheryl; Nemec, Gerald; Nettelton, Marcus; Pais, Randy; Portz, David; Ralston, Andrew; Rapp, Bill; Rivera, Coralina; Robison, Michael A.; Rogers, Daniel R.; Roland, David; Rossi, Robbi; Sager, Elizabeth; Sanders, Richard B.; Sayre, Frank; Schuler, Lance; Schwartzenburg, John; Shackleton, Sara; Sharp, Vicki; Smith, Mike; Sole III, Carlos; St. Clair, Carol; Stoler, Lou; Taylor, Mark E (Legal); Tweed, Sheila; Van Hooser, Steve; Viverito, John; Wu, Andrew
Subject:	REMINDER - CLE Program - Antitrust Issues

If you have not already responded and would like to attend this CLE program, please RSVP by e-mail by Wednesday, August 15.  Thank you.

Jamie Serota and Allan Van Fleet with Vinson & Elkins have developed a one hour CLE program covering the antitrust issues encountered when non-regulated entities such as Enron compete with regulated utilities for market share.  An outline of the program is attached.

Jamie Serota and Allan Van Fleet will present the CLE program on Wednesday, August 22, 2001 at the Doubletree Hotel, 400 Dallas (La Salle B room) from Noon to 1:30 p.m.  The program will be accredited for 1.00 hour of CLE credit including at least .25 hours of ethics credit.  If you would like to attend please RSVP by Wednesday, August 15, 2001 by sending an e-mail to my assistant, Janette Elbertson.

Lunch will be served.

 << File: IDENTIFYING MARKET POWER ABUSE.doc >>


Hey Bruce,
Oscar and I are looking to have the first 2 questions answered.  If you could
look at these and get back with me that would be great.  I'm working on the
3rd question now.  Thanks
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 05/09/2000
03:21 PM ---------------------------

Oscar Dalton
05/09/2000 03:09 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: wps

Ben,

On the Wisconsin Public Service deal (WPS) please consider the following:

1.  One LM-6000 to be sited near Green Bay Wisconsin
2.  Will be configured in combined cycle mode with a HRSG
3.  100% of the output will go to an industrial customer of WPS

Key Questions

1.  What is the heat rate and Mw rating of our turbine at site conditions (20
degrees winter and 90 degrees summer)

2.  What is the water consumption with Sprint verses water injection

3.  What is a 10 year fixed gas price at chicago starting 6/1/01 on a
baseload volume of 10,000 mmbtu/d


I forwarded this e-mail on to all our traders to give them a heads up about
the new process. I did receive feedback from one trader, Mark Fischer, who
said that when he began with Enron he was always told that if a contact name
was not in the system that he was supposed to enter it into the comments
section. He did this diligently under the pretense that eventually these
names would be added to the system, but they apparently never were. He wanted
to let me know of this, especially because when the traders are hurriedly
entering deals, they probably won't always take the time to type in the
contact name in the comments section.

Let's see if we can update this list somehow. Let me know who I can contact
for this or how we can set this up.

Thanks,
Kate

	From:  Sharen Cason                           01/31/2001 07:14 AM

To: Kate Symes/PDX/ECT@ECT
cc: Kimberly Hundl/Corp/Enron@Enron, Melissa Ann Murphy/HOU/ECT@ECT

Subject: contacts

Currently, we do not confirm west deals that flow 6 days or less so we have
not had to be real difficult about contact names in deal entry.  However,
starting February 1, we are going to confirm all next day deals in the west
using the same criteria we do in the east - that is - deals 3 days or less
are sent on a confirmation that does not require a signature and everthing
else on a letter requiring a signature.  Hourly deals will not be confirmed.
So it is very important that the traders fill in a contact name when they are
entering deals.  The confirmation letter cannot be prepared without a contact
name.  It stops the whole process.  We are not going to be able to put names
in every time they do not.

If they do not see the contact they want in the drop down list,  put the
correctly spelled first and last name in the comment section in deal entry
and we will add this contact to the list and it should appear the next day.

If you can help us out with this, maybe we won't have to keep asking you for
contacts.

Thanks!


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/10/2000 11:17 AM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           01/07/2000 04:44 PM

To: Jackie Nelson/HOU/ECT@ECT
cc:
Subject: Final 1999 Numbers

ST- Trading (Martin)                 $26,045,166
Storage (Schwieger)                   $8,566,895
Transport (Gottlob)                      $19,858,000
Firm Trading (McClendon)       $(1,884,668)
Gas Daily                                       $(522,922)


Rick

Unfortunately, as  consequence of Enron problems,  today we just start a headcount reduction in Sao Paulo office.  Our  regulatory  team will be composed by myself, Fred Sampaio and Luiz Baccaro, dealing with Enron Merchant interests and Elektro also.  Jos? Lucio will  work us  until completion Cuiaba (aprox more 1 or 2 month).

I know you are facing same difficult in Houston, so hope everything is OK with your team and you also!

Thanks


Hey Dana I like these.

-----Original Message-----
From: Dana Davis [mailto:Dana.Davis@enron.com]
Sent: Wednesday, September 06, 2000 2:06 PM
To: kdavis2075@aol.com; cmontgomery@kmg.com; Lola Willis
Subject: FW:

---------------------- Forwarded by Dana Davis/HOU/ECT on 09/06/2000 01:42
PM
---------------------------

Rebecca Sanchez
09/06/2000 12:32 PM

To:   Dana Davis/HOU/ECT@ECT, Rufino Doroteo/HOU/ECT@ECT,
pammy1030@webtv.net
cc:
Subject:  FW:

---------------------- Forwarded by Rebecca Sanchez/HOU/ECT on 09/06/2000
12:31
PM ---------------------------

Julie Torres <JTorres@franchiseconceptsinc.com> on 09/06/2000 12:23:53 PM

To:   Rebecca Sanchez <Rebecca.Sanchez@enron.com>, MyAngelADM@aol.com,
      sanchezma@simplexnet.com, "Ragusa, David" <RagusaD@simplexnet.com>
cc:
Subject:  FW:

Holy Humor - Seen in Churches Around the   Land...
"Fight truth decay - study the Bible daily."
"People are   like tea bags - you have to put them
in hot water before you know how strong   they are."

"Dusty Bibles lead to Dirty Lives":
"God so loved the   world that He did NOT send a committee."

"Come in and pray today. Beat   the Christmas rush!"

"When down in the mouth, remember Jonah. . .
He came out all right."
"How will you spend eternity?
Smoking or   Non-smoking?"
"If you're headed in the wrong direction,
God allows   U-turns."
"Come work for the Lord. The work is hard, the hours
  are   long and the pay is low. But the retirement benefits
are out of this   world!"

"Economic Forecast: It is unlikely there'll be a reduction
in the wages of sin."
"Do not wait for the hearse to take you to   church."
"If you don't like the way you were born,
try being born   again."
"Forbidden fruit creates many jams."
"In the dark? Follow   the Son."
"If you can't sleep, don't count sheep. . .
Talk to the   Shepherd

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
Share information about yourself, create your own public profile at
http://profiles.msn.com.


Lindy will attend for our group.  Thanks, Kim.


Jeff,

Good morning.  John Forney is out sick today.  He told me that he requested the information for the curve validation, yesterday. Please copy me on the data, as I will be assisting John in the completion of the project.  Have a good day and thanks.  George


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You are subscribed at: sshackl@enron.com

?
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?
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need, by any device you choose. Access corporate email, calendar, contacts,
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---------------------- Forwarded by Ami Chokshi/Corp/Enron on 02/22/2000
10:21 AM ---------------------------

royal_b_edmondson@reliantenergy.com on 02/22/2000 10:13:28 AM
To: ami_Chokshi@enron.com
cc:

Subject: 23 rd noms

(See attached file: HPL-Feb.xls)

 - HPL-Feb.xls


Did Chris call you about this?  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/15/99 02:02
PM ---------------------------

	From:  Chris H Foster                           10/15/99 01:53 PM

To: Sandra McDonald/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT
cc: Frank W Vickers/HOU/ECT@ECT
Subject: Aquilla Muni Deal

I spoke to Todd Busby.  He said he is trying to set this up as a transaction
where we could directly link the two swaps.  It is my understanding that this
would simplify the transaction in that the credit/contracting process would
be fairly straightforward.  He said that he needs to get his internal ducks
in a row before he is prepared to take a step forward with us.  He will call
me if and when this occurs.   So, this might not come to anything.  I will
let you know if and when he surfaces so we can decisde what we should do next.

Thanks!!

Chris


what about this deal?

Kerri Thompson
02/15/2001 04:13 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

523878

broker shows it for the 17th.


It looks like we have our 12 teams.  We will probably keep the same rules
from last year unless anybody has an objection.  Still to be determined are
league fees, draft date , and free agent pickup protocol.  I suggest that we
draft on August 27th at the Enron building on floor 26.  For those of you
that can't make it, you can draft over the internet.  We will be using cbs
sportsline again - I think that will be $8/person.

Let me know if anyone has a problem with the draft date, i.e. can't make it,
too early, too late.
If not, THE MEXIMULLETS look forward to a return to Prominence this year.
You all do not stand a chance!

-Eric


John, can you arrange this call?  Blanca can help make the arrangements.


Vladimir,

Which measure are we going to be using at UBS?  VaR on portfolio #2 dosn't make sense to me that adding gas short to same position as #1c. increases risk.  What's up with that?  Also, could you forward the results from Rob Benson's portfolio's to me?  Thanks,

Fletch

-----Original Message-----
From: Gorny, Vladimir
Sent: Thursday, January 31, 2002 3:44 PM
To: Sturm, Fletcher J.
Subject: RE:

See attached. Let me know if you have questions.

-----Original Message-----
From: Sturm, Fletcher J.
Sent: Wednesday, January 30, 2002 3:28 PM
To: Gorny, Vladimir
Cc: Sturm, Fletcher J.
Subject:

 	 Portfolio  #1

 	 a.)  Long 100 N-Q '02 Cin
 	 b.)  Long 250 N-Q '02 Cin
 	 c.)  Long 500 N-Q '02 Cin

 	 Portfolio  #2

 	 Long 500 N-Q '02 Cin
 	 Short 30,000/d J-V '02 NG

 	 Portfolio  #3

 	 Long 500 N-Q '02 Cin
 	 Short 250 N-Q '03 Cin

 	 Portfolio  #4

 	 Long 500 N-Q '02 Cin
 	 Short 250 N-Q '02 PJM

 	 Portfolio  #5

 	 Long 300 N-Q '02 Cin
 	 Short 500 U '02 Cin
 	 Long 1,000 Q4 '02 Cin
 	 Long 200 Cal '03 Cin


Dear Power Outage Database Customer,

Attached you will find an excel document. The outage contained within is
a rescheduled outage.  Your daily delivery will still contain this
outage.

In addition to the excel document, there is a dbf file that is formatted
like your daily delivery you receive nightly. This will enable you to
load the data into your regular database. Any questions please let me
know. Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR
ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION,
DISTRIBUTION, OR COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS
STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE
DELETE IT.

 - 111901R.xls
 - OUTAGE.dbf


David:
Has anything been set up yet in terms of a formal termination notice
process?  Also, I still have that one counterparty that requested some type
of notice when we change the product descriptions.  Do you have any problems
with that?  I'll be out of the office at the legal conference but will be
checking my voice mail.
Carol


Mike,
   Came accross a few more searches I wanted to speak to you about. One is a
Bank in NY starting an energy desk looking for traders,originators, etc, and
the second is an investment bank building a desk in Houston. Looking for
someone who has run an east or west power or gas desk to be head. Wasn't
sure what your status was. Call me when you have time to speak more in
detail. Regards, Jim

> -----Original Message-----
> From:	Mike.Maggi@enron.com [SMTP:Mike.Maggi@enron.com]
> Sent:	Friday, January 04, 2002 2:08 PM
> To:	James.Gillespie@robertwalters.com
> Subject:	RE: follow up
>
> Just wanted to check in and see if there is anything new going on. If you
> are currently working on anything interesting in the northeast please let
> me know. Thanks
>
>     -----Original Message-----
>    From:   James Gillespie <James.Gillespie@robertwalters.com>@ENRON
>    Sent:   Wednesday, December 05, 2001 2:48 PM
>    To:     'mmaggi@enron.com'
>    Subject:  follow up
>
>    Mike,
>        I wanted to follow up with you in regards to some positions that
>    i've
>    come accross on the east coast. feel free to call me to discuss
> further.
>    Regards, jim
>
>    James Gillespie
>    Senior Executive Recruiter
>    Robert Walters
>    Telephone: 212-704-9900
>    Fax: 212-704-4312
>    james.gillespie@robertwalters.com
>
>
>
>    **********************************************************************
>    CAUTION: Electronic mail sent through the Internet is not secure and
>    could
>    be intercepted by a third party.
>
>    This email and any files transmitted with it are confidential and
>    intended solely for the use of the individual or entity to whom they
>    are addressed. If you have received this email in error please notify
>    the system manager.
>
>    This footnote also confirms that this email message has been swept by
>    MIMEsweeper for the presence of computer viruses.
>
>    **********************************************************************
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate
> and may contain confidential and privileged material for the sole use of
> the intended recipient (s). Any review, use, distribution or disclosure by
> others is strictly prohibited. If you are not the intended recipient (or
> authorized to receive for the recipient), please contact the sender or
> reply to Enron Corp. at enron.messaging.administration@enron.com and
> delete all copies of the message. This e-mail (and any attachments hereto)
> are not intended to be an offer (or an acceptance) and do not create or
> evidence a binding and enforceable contract between Enron Corp. (or any of
> its affiliates) and the intended recipient or any other party, and may not
> be relied on by anyone as the basis of a contract by estoppel or
> otherwise. Thank you.
> **********************************************************************
>
> **********************************************************************
> CAUTION: Electronic mail sent through the Internet is not secure and could
> be intercepted by a third party.
>
> This email and any files transmitted with it are confidential and
> intended solely for the use of the individual or entity to whom they
> are addressed. If you have received this email in error please notify
> your systems administrator.
>
> This footnote also confirms that this email message has been swept by
> MessageLabs Virus Scanning Service. For further information visit
> http://www.messagelabs.com/stats.asp
> **********************************************************************


It is amazing and yet not surprising how much Enron has accomplished in the
first six months of this year. You continue to make it happen.  We recognize
that you work hard every day to accomplish Enron,s business goals, and we are
pleased that many of you have shared in the company,s financial success
through Enron stock options.

As you may know, the current employee stock option program (also known as the
All Employee Stock Option Program or AESOP) began in 1994 and provided value
to participants through 2000.  Employees who have participated in this
program from its inception have realized a 1,119% increase in the value of
their stock options (assuming a stock price of $70) over the life of the
program.

Enron stock options are a valuable part of your total compensation package
and a contributing factor to your performance and to Enron,s continued
success.  Therefore, the Enron Executive Committee and the Compensation and
Management Development Committee of the Enron Board of Directors have decided
to continue to offer stock options as a part of your compensation package.

On May 1, 2000, the Committee approved an employee stock option program for
calendar years 2001 - 2005 (EnronOptions ) Your Stock Option Program).  It is
expected that EnronOptions ) Your Stock Option Program will be granted,
effective on or about December 29, 2000, for those employees who are eligible
on that date (please see note below).  The new program, which is subject to
final approval by Enron,s Board of Directors, is as follows:

? EnronOptions ) Your Stock Option Program will give stock options to
eligible full-time and part-time regular employees in domestic and
international companies/locations.
? The grant of non-qualified stock options will equal 25% of annual base
salary (5% of annual base salary for each year of a 5-year period) on
December 29, 2000. (Salary calculation and value may vary in some
international locations.)
? The Board will grant the stock options on December 29, 2000.
? Eligible employees hired in subsequent years will receive a prorated grant
of stock options.

Why commit your talent and energy to Enron?  EnronOptions ) Your Stock Option
Program, among other good reasons( that,s why.

In the coming weeks, you will be receiving more details about EnronOptions )
Your Stock Option Program.  To provide information and answer your questions,
we will introduce a special link on the Human Resources web-site, host
several eSpeak sessions and continue to communicate with you on a regular
basis.  In the meantime, if you have immediate questions, please contact your
Human Resources representative.

Note: In addition to final approval by Enron,s Board of Directors, granting
of options will be subject to New York Stock Exchange and state and federal
regulatory requirements.  It is expected that EnronOptions ) Your Stock
Option Program will be available to most Enron employees; however, some Enron
companies, employees may not be eligible due to legal, accounting, tax, labor
or business issues.  As you know, Enron changes to meet the needs of the
marketplaces we serve.  Given that need to change, we will continue to refine
the eligibility for EnronOptions ) Your Stock Option Program and will
communicate more details throughout the year with final eligibility being
determined on December 29, 2000.


flying to NYC at 330 on CO.  Don't know flight number.  Don't know where I'm
staying in NYC.

WED: Fly from Newark to Chicago tomorrow at 645 pm.  Don't know where I'm
staying in Chicago.

THURS: Fly from Chicago to Houston, leaving at 200pm, arriving at 428.

That's all I know for now.

Kay


Start Date: 4/9/01; HourAhead hour: 13;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040913.txt

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

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/9/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_OZZY
  ENGY_TYPE: FIRM


Start Date: 4/20/01; HourAhead hour: 22;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042022.txt


Sheila:

I want to send legal comments to SSB and Morgan Stanley today.  Since I do
not have the names of any lawyers, please verify that I should begin with:

(1)  SSB:  Tania Meyer Wilson, VP Investments

(2)  Morgan:  Joseph A. Marovich (his card was attached to the documents)

Have you received anything from Goldman Sachs?

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 Vince J Kaminski/HOU/ECT on 10/12/2000
04:06 PM ---------------------------

Anita DuPont@ENRON
10/10/2000 03:38 PM
To: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Binary (Digital) Options

Vince:

Here is the existing presentation.  I have formatted the document like it
should appear for the presentation.  Please feel free to change or add to
the data but do not change the background color, the bullets or the white or
yellow fonts.  Thanks.  Anita


glad to here it.  best of luck.  let us know the locales of your gigs.  be
great to see you perform.  in any case, hope to see you when you back in
december.

best,
jeff


Hey Paul,

I left a msg in your voice mail, but the low down is that the ENE/AC Flag
Football tourney is Saturday and we would like you to play.  The tourney
starts at 10 and is 3 hours long.  If we win, we get 16 tickets to the game
(2 for each of us).  Let me know if you are interested.

Thanks,

Eric
x3-0977

From: Paul Burkhart@ENRON COMMUNICATIONS on 11/14/2000 05:51 PM
To: Eric Bass/HOU/ECT@ECT@ENRON
cc:
Subject: Re: Plays and other information

Hope all is well.  Is this in reference to the Enron/Andersen Consulting
football game?  When is it?  Do you need me to play?  Give me a call and we
can discuss (3-9557).

Thanks,

Paul

	Eric Bass@ECT
	11/14/00 12:17 PM

		 To: Luis Mena/NA/Enron@Enron, Michael Simmons/HOU/ECT@ECT, Paul J
Broderick/HOU/ECT@ECT, Paul Burkhart/Enron Communications@Enron
Communications, Stephen Schwarzbach/Corp/Enron@Enron, Christopher
Chenoweth/NA/Enron@Enron
		 cc:
		 Subject: Plays and other information

I know I might seem a little obsessed with this, but here are some of our
plays from our flag football league.  There are plays on both tabs.
I was thinking that we would start with me at left flanker, Paul Broderick at
center, Paul Burkhart at right slot, Steve at right flanker, Sarah at
blocker, and either Mike or Chris at blocker.  Let me know if you have
objections.  Also, I am sending this to Paul Burkhart so I am assuming that
he will play (P. Broderick can you confirm this?).

Steve - if you have some plays from your team that you think might work let
me know.

Let me know what you think.

Hook 'Em!
-Eric


Here is the info.


Greg --

Thanks again for really lighting them up last night.  Being the best guy in
11 years ain't bad.  It was fun for me to get to know you and look forward to
working together.

Vance

p.s.  Your restaurant list has my wife looking to expedite the finding of a
Houston babysitter!


Darren,
Please review the names below and let me know if there are any other names
that need to be added or subtracted from your group for PRC purposes.  Thanks
for your help, hgm

Sr. Specialist
Ami Chokshi
Stacey Neuweiler


????   THE DAILY TEASE - Exercise Your Mind   ????
                  Friday, May 11, 2001
------------------------------------------------------------
Subscribe for FREE and get The Daily Tease delivered daily. Visit:
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------------------------------------------------------------

Hello Everyone

Congratulations to "LESLIE SMITH" who won this week's "Mind
Scrambler". If you're the winner please email me your com-
plete name and address for your prize. Here was the question:

          To some I can hold treasure,
          To others most displeasure.
          I am always near you,
          Yet always far.
          I am done when I begin,
          And begin when I end.

                   What am I?

The answer is: THE FUTURE. Some of the answers I received
were: YOUR IMAGINATION, MEMORIES, A WEDDING RING and YOUR
HEART. Also, for those of you that missed it, the answer
to last week's puzzle was: GREED.

As always, if you're not a winner this week, stay tuned...
on Monday you will have another chance at "Janie's Mind
Scrambler". Have a good weekend everyone!

Keep those brain waves churning!

Janie

_________________________________________________

      *****   Janie's Mind Scrambler   *****

                    (#81)

Stay tuned! Monday starts a new Mind Scrambler.

        Submit your answer by visiting:
         http://www.thedailytease.com

------------------------------------------------------
Mind Scrambler Tally: Correct - 98 Incorrect - 998
------------------------------------------------------

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TODAY'S TEASE (#742) [Giant Book of Mensa Mind Challenges
by Jaime and Lea Poniachik, Tim Sole, Rod Marshall and
J.J. Mendoza Fernandez]

On the 29th of last month, there was a double murder on the
express train from Paris to Berlin. The engineer and the
conductor were killed at the same time, even though they
were at opposite ends of the train. This was confirmed by
a police detective, who was the exact center of the train
and heard both gunshots at the same time.

When my cousin was told the story, he realized that both
victims did not die at the same time.

How did he figure it out?

       _________________________________________

           SCROLL DOWN TO FIND THE SOLUTION
       _________________________________________

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At least one answer to today's tease:

If the police detective heard the shots at the same time, it
means that the men could not have died at the same time. If
both sounds had occurred at the same time at opposite ends of
the train, he would have first heard the one from the front
car, because the speed of the train was added to the speed
of sound. For the sound from the back of the train, the speed
of the train was subtracted from the speed of sound. For the
detective to hear both shots at once means the man at the back
of the train was killed first.

********************* Readers Comments *********************

Hi Janie,  I think that Darlene was talking about a completely
different word. Darlene was thinking of the word Suede (swayed).
You wrote the word Swede (sweed).  The word was spelled corr-
ectly in your puzzle.  Darlene simply mis-identified it.
Dianne

                            ****

Hi Janie,

Just one comment about "Guy's" response to your "days of the
week" tease. He gave you several answers which *contained*
the letters SUN.  However, *none* of them had SUN in the exact
middle of the word (as the answer had to be).  You need to
have the same number of letters before and after the SUN to
be a correct answer.  Nice try, Guy.

I really enjoy your daily teases.........they do keep my
brain waves churning......something which my job has failed
to do for me lately!

Paula
[Thank you all for writing in. I hope to hear more from
all of you in the future! :)]

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END OF THE DAILY TEASE - http://www.thedailytease.com

Another FREE ShagMail publication: http://www.shagmail.com

Copyright 2001 by Pulse Direct, Inc. All rights reserved.
Feel free to forward this, in its entirety, to others.

---
You are currently subscribed to tease as: MIKE.GRIGSBY@ENRON.COM


My prior email was written before I read this and it seems like everyone is
geared up for the call with GE tomorrow.  I'm OK with proceeding if everyone
thinks we can resolve some stuff.

	John G Rigby@ENRON_DEVELOPMENT
	05/15/2001 03:03 PM

		 To: Kay Mann/Corp/Enron@Enron, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheila Tweed/HOU/ECT@ECT, Ed B
Hearn III/HOU/ECT@ECT, pthompson@akllp.com
		 cc: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: World Hunger Rev 4a- JR

  I took several assignments from the last World Hunger call.  Status as
follows:

a.   Tax language-  I have sent a prior version of Rev 4 jr to Matt G asking
him to call me to let me know when he can talk with GE tax rep.  Steve Swifit
and I are in London and would like to sit in on that call.

b.   Insurance Language review.   I sent same version to David Marshall and
Paul Parrish asking for their reviews and opinion as to whether 7FA's are new
technology.

c.   I "volunteered" to look at the termination language in world hunger, GE
had some problems, and I had the same problem with the ARCOs contract.   I
drafted a fix last Friday, sent to Kay M for comment.  I have included my
suggested changes in the attached redline.  I have forwarded same fix to GE
at end Friday for Arcos.    I have asked Kay if she still has a concern with
the Limit of Liability as it relates to termination.  I think it works.

d.  I "volunteered" to work over Article 10, Exhibit B-3 and Exhibit B-6 in
relation to Guarantees and liquidated damages.  I have done that in the
attached redline of the T&C and Exhibits.

e. Some time ago I volunteered to resurrect the language associated with the
reduction in the LD refund in Section 10.9.8.   I had sent out a couple weeks
ago but received no reaction.    I have entered that fix in the attached
redline.

f.  I have made several minor changes to definitions associated with
performance.

Attached is Rev4-JR version of GE T&C's and Exhibits for world hunger.  They
start from the clean rev 4 version of the T&Cs that Peter forwarded to me at
my request.  The attached are redlined to show my changes.

I have not sent any of this to GE except for the termination language fix.
I suggest that the Enron team give these a quick read before the World hunger
call.  I can print same here and share with GE during the call unless there
is an objection.

I hope this will help to advance the process.  My earlier emails to Paul and
Matt were not intended confuse the situation with different drafts.  Please
ignore those and for the above purposes use the attached files.

Kay- I suggest that you forward to others who you feel appropriate for the
purposes of the world hunger call on Wednesday.


DH,

Here is my first draft for Rick's review.  It is not complete and was done on
an airplane.  It needs work but I didn't want to hold it up.  Please make any
changes and additions on the attached word document and send it back.

Thanks,
mike


FYI----I am working on getting that oversight for the payback on the 31st
corrected, switched from the current Tenaska contracts, to our old transport.


I feel your job-hunting pain, but I am so glad you sent a resume to Amy. And
as for having to WORK at WORK? Not if they just let you go! If they ask what
you're doing say, "I'm surfing the internet for a NEW JOB YOU SON OF A
BISCUIT." And as for this weekend, most definitely. On Saturday I'm going to
see some art and have drinks at the Medicine Hat gallery on Alberta. You
should join me in my quest for culture - of course that'll last until just
after I finish the first bottle of wine. Who's playing on Friday? I'll pencil
it in. And I'll keep you posted on what I hear from Amy - in the meantime,
hang in there. It all works out in the end. (there's your cheesy piece of
advice for the day)

Kate

"Chatterton, Jill" <Jill.Chatterton@Adeccona.com> on 03/20/2001 04:56:05 PM
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:

Subject: Hey there,

I e-mailed Amy my resume.
Looking for a job blows.  I am starting to feel the
anxiety of not having one soon.  Oh well, that's
life.  I can't do much from work because I have to
actually work.  Dumb.
Well hope to see you all soon.  Maybe this weekend
if you and Molly aren't busy.  There is a kick ass concert
at Berbati's on Friday night.  Yay!

Thanks again for the contact.

Jill


Just an update on the testing front... O
-----Original Message-----
From: Smith, Regan M.
Sent: Monday, January 28, 2002 10:35 AM
To: Allen, Thresa A.; Anderson, Bridgette; Anderson, Diane; Aucoin, Evelyn; Baker, Natalie; Baxter, Bryce; Bentley, Corry; Bowen, Bob; Brackett, Debbie R.; Campos, Anthony; Campos, Sylvia A.; Dahlke, Andrea; Dawes, Cheryl; Denny, Jennifer; Denton, Rhonda L.; Dupuy, Mark; Elledge, Susan; Engel, Tom; Evans, Casey; Garcia, Clarissa; Gillis, Brian; Hare, Bill D.; Hayden, Frank; Heal, Kevin; Hunter, Larry Joe; Huntley, Kelley; Jaquet, Tammy; Kenne, Dawn C.; Lozano, Melba; Mcginnis, Stephanie; McLaughlin Jr., Errol; Meredith, Kevin; Murphy, Melissa; Price, Wade R.; Reeves, Kathy; Robinson, Rhonda; Rodriguez, Bernice; Schield, Elaine; Schrab, Mark L.; Seib, Dianne; Severson, Russ; Spears, Christopher; Stevens, Mechelle; Sullivan, Patti; Sweitzer, Tara; Theriot, Kim S.; Vander velde, Nikole; Wallumrod, Ellen; Winfree, O'Neal D.; Wynne, Rita; Bharathi, Jaikishore; Boudreaux, Lori; Brewer, Charles; Chitradurga, Sundar; Cinelli, Steve; Clark, Cynthia; Fortney, Bill; Franks, Shawn; Greig, Iain; Henry, Jane Hilburn; Hunter, Wade; Johnson, Jeff; Krishnaswamy, Jayant; Lim, Francis S.; Martinez, Bob; McKeel, Richard; Nolte, Ron; Pena, Matt; Poston, David; Powell, John D.; Ramesh, Ganapathy; Rao, Ramesh; Saleem, Aftab; Sanvido, Terry; Schmidt, Mark; Schomer, Chris; Smith, Regan M.; Stock, Steve; Brockhan, Richard; Blaylock Jr., Samuel
Subject: Monday 01/28 - Status report of integration testing, remaining, outstanding issues, going forward

Everyone - updates from testing last week, and communication of information/ going forward.

Thanks to all involved in last weeks testing.  Much has been accomplished.  We did encounter a legal mandated 'test freeze' on Friday given a legal communication came down to halt all data entry/ code changes, but as of Friday evening, it was eventually lifted.  Any unfinished testing can continue.

We've completed:
- Integration testing of 25 transaction type scenarios - from EOL entry, Sitara, TDS, Tagg.  This includes the sample testing of scripts, and the end to end testing to SAP.
- EOL has sent 13 gas and 4 financial transactions through downstream systems.
- Over 50 integration issues identified and resolved!  Majority were data setup issues, but code changes were identified, incorrect hardware being used, reports not running, start-up scripting issues resolved, replication issues resolved.

What's remaining to test and status:
1) EDI testing - Tammy Jaquet, Robert Virnau are expected to complete the EDI test by end of day today (01/28)
2) Financial Settlements/ EOL deals - Mechelle Stevens is completing her verification of EOL deals into Unify.  Testing is expected to complete the EDI test by end of day today (01/28).
3) SAP testing - SAP is still in requirements analysis with regards to GL account setup, profit centers.  A meeting is scheduled for Wednesday afternoon with the UBS, SAP, Netco leads.  SAP testing can be conducted between Unify and within SAP once decisions are determined.

Any other issues we are not aware of, please advise.

Outstanding known issues:
1) Unify custom reports (SQR) not working.  This was not part of integration test, but testing by Kelley Huntley on Friday resulted in failure.  Infrastructure expected to resolve by Monday noon.
2) There is some data setup that is being completed Monday morning and should be complete by now.

Any other issues we are not aware of, please advise.

Going forward:
1) The Netco EOL (or new OLT?) team will be testing all week deals into Netco environments.  You may see these in downstream systems.
2) Analysis of what estate data still resides in Netco, and what needs to be there to go forward.  Namely curve data for EnPower.
3) We will perform regression testing to determine if there are any cross dependency of hardware.  Testing scenarios include:
    a) Application messaging that use Tibco (port, multi-cast addresses)
    b) Estate execution with Netco hardware inactive
    c) Netco execution with Estate hardware inactive

Notice/ FYI - All Netco (UBS) employee's LAN NT user-id's will be changed to a new file server (anticipated Friday 02/01).
The impacts are mainly the O:\ drive, W:\ drive will be split between Estate and Netco.  All authorized (legal) data is being copied now to the new file servers.
For example, if Netco employees need specific files on the O:\ drive, if they are missing, they would have remained with estate.  If you have files in progress, they
may missing the batch file copy which is occurring this week.

Updates to follow later this week!

Regan Smith
Energy Operations Systems
Enron Net Works
713-853-9291 (wk); 281-850-7551 (cell)

-----Original Message-----
From: Smith, Regan M.
Sent: Wednesday, January 23, 2002 8:42 PM
To: Allen, Thresa A.; Anderson, Bridgette; Anderson, Diane; Aucoin, Evelyn; Baker, Natalie; Baxter, Bryce; Bentley, Corry; Bowen, Bob; Brackett, Debbie R.; Campos, Anthony; Campos, Sylvia A.; Dahlke, Andrea; Dawes, Cheryl; Denny, Jennifer; Denton, Rhonda L.; Dupuy, Mark; Elledge, Susan; Engel, Tom; Evans, Casey; Garcia, Clarissa; Gillis, Brian; Hare, Bill D.; Hayden, Frank; Heal, Kevin; Hunter, Larry Joe; Huntley, Kelley; Jaquet, Tammy; Kenne, Dawn C.; Lozano, Melba; Mcginnis, Stephanie; McLaughlin Jr., Errol; Meredith, Kevin; Murphy, Melissa; Price, Wade R.; Reeves, Kathy; Robinson, Rhonda; Rodriguez, Bernice; Schield, Elaine; Schrab, Mark L.; Seib, Dianne; Severson, Russ; Spears, Christopher; Stevens, Mechelle; Sullivan, Patti; Sweitzer, Tara; Theriot, Kim S.; Vander velde, Nikole; Wallumrod, Ellen; Winfree, O'Neal D.; Wynne, Rita; Bharathi, Jaikishore; Brewer, Charles; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Fortney, Bill; Franks, Shawn; Greig, Iain; Henry, Jane Hilburn; Hunter, Wade; Johnson, Jeff; Lim, Francis S.; Martinez, Bob; McKeel, Richard; Nolte, Ron; Pena, Matt; Poston, David; Powell, John D.; Ramesh, Ganapathy; Rao, Ramesh; Saleem, Aftab; Sanvido, Terry; Schmidt, Mark; Schomer, Chris; Smith, Regan M.; Stock, Steve; Clark, Cynthia; Boudreaux, Lori
Subject: Status report of integration testing from Wednesday, Jan. 23rd ; and Thursday's continuation..

Status report of integration testing from Wednesday, Jan. 23rd
    - (16 gas/ power types of transactions to test)

Overall, there were no infrastructure or major application issues.  Unlike the prior testing, we've included many more gas transaction types and testing with all non-essential Netco data removed (aka baseline for Netco go-live).

In today's test, we had numerous data setup related issues  that resulted in downtime (ie EOL- Dynegy information, TGP address information, bad credit counterparty/ contracts,  or database issues with data sync/ replication).   These were mainly attributed to the massive cleanup/ removal of data not needed.  The  remaining issues open are being addressed Wednesday night.

Given the deferred 12:00pm to 2:00pm start time and data setup/ sync issues, we were unable to complete downstream processes (mainly Settlements, confirmations, SAP).

Continuation of testing into Thursday
We are requesting the testers with tasks remaining to complete the script execution Thursday (morning shift and afternoon shifts given UBS offsite meetings).
We will try to balance the testing activities given some will be out in the morning, and some in the afternoon.  The bridgeline will be active from 9 - 5 for communication/ status.

RECAP of where testing left off for Netco and EOL entry.

---> NETCO Deal types (with Netco external gas/power (good & bad credit)
Financial    All financial testing completed!

Power
Wednesday
    - Completed tasks:  Deal Entry, settlement statement group setup, notification, EnPower deal load.  Awaiting settlements drafting issue.
Thursday (remaining & status)
    (1)  DCAF testing ready
    (2) Kelley Huntley to draft invoices after draft issue resolved.

Gas
Wednesday
    - Completed tasks:  Deal Entry in TDS, TAGG/ ERMS, Sitara.  Port Calc

Thursday
    - (Chris Spears) - Transport - The TGP payment methods are now setup.
    - (Clarissa Hanks)  - Transport usage ticket for generic contract is setup (Deal 20000082)
    - ( Wade Price) - To draft invoices after confirmation of activity upstream (pm)
    - DCAF testing after confirmation of activity upstream
    - Need to conduct the EDI test (Tammy Jaquet/ Robert Virnau)

---> EOL Deals (Dawn Kenne has confirmed 4 EOL deals were setup.  2 Gas, 2 Power)

Thursday's plans are to confirm the flow of these deals into  Sitara, Tagg/ EnPower. Followed by eventual confirmations, settlement through Unify and SAP.  These are ready now for validation by Sitara/ Tagg/ EnPower.

Thanks to your continued involvement ...

Regan Smith
Energy Operations Systems
Enron Net Works
713-853-9291 (wk); 281-850-7551 (cell)


-----Original Message-----
From: 	Shah, Rajen
Sent:	Thursday, October 25, 2001 1:58 AM
To:	Shackleton, Sara; Doukas, Tom
Cc:	Heard, Marie; Hemsley, Simon; Wall, David; Jordan, Kevin D; Drew, Rachel
Subject:	RE: Investment companies

The company is "ECT Merchant Investments Corp."

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	24 October 2001 19:58
To:	Shah, Rajen; Doukas, Tom
Cc:	Heard, Marie
Subject:	RE: Investment companies

Tom:  Please forward your requisite email request to Donna Lowry, Rick Carson and Bill Bradford with your request and reasons.

This will entail new account application, board resolution and authorized trader list.

By the way, the Enron Corp. corporate database does not list a company with the name "Enron Capital Trade Merchant Investments."

Thanks.  Sara

 -----Original Message-----
From: 	Shah, Rajen
Sent:	Wednesday, October 24, 2001 1:08 PM
To:	Hemsley, Simon; Doukas, Tom; Shackleton, Sara
Cc:	Drew, Rachel; Jordan, Kevin D; Wall, David
Subject:	RE: Investment companies

OK for tax.

 -----Original Message-----
From: 	Hemsley, Simon
Sent:	24 October 2001 18:40
To:	Doukas, Tom; Shackleton, Sara
Cc:	Drew, Rachel; Shah, Rajen; Jordan, Kevin D; Wall, David
Subject:	RE: Investment companies

Tom - I will try and get a USD accounting entity set up in SAP that rolls up to
ECTEF Inc for legal purposes

I'm fairly sure we can do this as 54R (ECTRL Global Divisions) is a $ accounting entity of
138 (ECTRL), a ? entity

Raj - do you have a problem from a tax perspective of having this set up?

 -----Original Message-----
From: 	Doukas, Tom
Sent:	24 October 2001 18:31
To:	Hemsley, Simon; Shackleton, Sara
Cc:	Drew, Rachel; Shah, Rajen; Jordan, Kevin D; Wall, David
Subject:	RE: Investment companies
Importance:	High

It will mean doing the paperwork all over again and closing the old account assuming ECTEF does not want an account.  This is not a name change but actually a transfer from one entity to another.  It will likely require resolutions to open brokerage accounts for ECTMI if they don't already have them in place.

Aside from looking foolish to Bear I anticipate no hassles from them.  As far as our side it would be wise to have legal give their estimation of the effort and time frame needed to duplicate the effort that was made for ECTMI.

Sara how feasible would it be to prepare account paperwork for the ECTMI company to obtain a Bear account?

Thanks,

Tom

 -----Original Message-----
From: 	Hemsley, Simon
Sent:	Wednesday, October 24, 2001 12:04 PM
To:	Shah, Rajen; Jordan, Kevin D; Doukas, Tom; Wall, David
Cc:	Drew, Rachel
Subject:	FW: Investment companies

I will investigate getting an accounting entity set up for ECTMI - does anyone know the number?

in the meantime (and don't shout at me Tom) how easy would it be to change the ECTEF
broker account to have a new name - see company below

 -----Original Message-----
From: 	Wall, David
Sent:	26 September 2001 15:45
To:	Hemsley, Simon
Subject:	FW: Investment companies

We must move Anker as a matter of urgency.  Let's discuss.

Thanks

 -----Original Message-----
From: 	Jordan, Kevin D
Sent:	26 September 2001 15:42
To:	Wall, David; Seyfried, Bryan
Cc:	Aiken, Buddy; Allen, Melissa
Subject:	Investment companies

After speaking with David Wall about which entity the Anker debt and equity should be moved to, I placed a few quick phone calls.  I understand that there may be some confusion about what is an investment company, and which ones are available.

The ENA transaction support team suggested ECTMI (Enron Capital Trade Merchant Investments) as one possibility.  There may be another US investment company and an investment company set up in the Netherlands.  The people to follow up with would be Faith Killen and/or Elaine Shields who work in ECT accounting.

I hope this helps you identify where to move the investments.  Please keep me updated on the completion of that move.  AA will be sensitive to us making that transfer into the investment company in the quarter that we have booked earnings on the investment(s) as merchant investments.  As discussed with David Wall, that is consistent with Enron's corporate policy on merchant investments and with the Investment Company Audit Guide which governs our merchant investment accounting.

If you have any further questions or if I can be of further assistance, please contact me at ext. 35882.

Regards,

Kevin


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                      Tuesday, November 14, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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3M ADDS ANOTHER M
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NEWS TO GO

Super Selection at Everyday Low Gross Margins! That's not the
official Wal-Mart (NYSE: WMT) slogan, but the company that Sam
Walton founded on producing financial results through whirlwind
inventory turnover on meager markups reported earnings in-line
with projections this morning. Sales climbed by 13% to $45.7
billion while earnings per share rose two pennies to $0.31 a
share -- a 6% gain. Uh-oh. That's falling net margins. However,
same-store sales climbed by 5% and the company's international
sales shot up 26%.

It's a big day for other retailers too. Home Depot (NYSE: HD) is
set to erect its quarterly report while Target (NYSE: TGT) has
its earnings conference call slated for 10:30 a.m. ET. After
yesterday's close, Too (NYSE: TOO) reported earnings that came
in a penny ahead of estimates. The specialty retailer that was
spun off by Limited (NYSE: LTD) also expressed comfort with the
December quarter forecasts.

Meanwhile, the investing community is fumbling for a Staples
(Nasdaq: SPLS) remover after the company reported earnings that
came in below analyst projections. The office supply superstore
chain also said that profits would fall short of expectations
for the current quarter. However, it does see growth of at least
30% next year.

Medic! The bleeding at WebMD (Nasdaq: HLTH) is running more
profuse than once feared. The company reported a
wider-than-expected loss for its quarterly checkup. As the
company begins to digest recent acquisitions, WebMD is looking
at a deficit next year of between $75 million and $100 million.
The prognosis calls for massive restructuring that finds the
company having to reduce previous revenue guidance for 2001.
Thankfully the company is cash-rich and debt-free. No one is
calling Dr. Koop for a second opinion, yet.

Stop the presses -- Cisco (Nasdaq: CSCO) is buying a company.
OK, keep the presses rolling, the networking titan does this all
the time. The target of Cisco's affections is Australian
high-speed chipset developer Radiata in a $295 million
transaction. Onward.

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MsgId:
msg-14394-2000-11-14_9-10-55-3305509_2_Plain_MessageAddress.msg-09:16:09(11-14
-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


We do not have the answer for you at this time.  It must be researched.  Sara

	Enron North America Corp.

	From:  Willie Harrell                           02/24/2000 11:41 AM

To: Sara Shackleton/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT
cc:
Subject: C/P request - use of e-mail

Please forward a legal opinion regarding the below attached request by Cabot
Oil and Gas Corporation. Your opinion via e-mail is acceptable.  Thanks,
Willie  (ext. 3-9226)

---------------------- Forwarded by Willie Harrell/HOU/ECT on 02/24/2000
11:19 AM ---------------------------

	From:  Larry Joe Hunter                           02/24/2000 10:19 AM

To: Susan Bailey/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc: Willie Harrell/HOU/ECT@ECT
Subject: C/P request - use of e-mail

All,

Cabot Oil and Gas Corporation has requested that all Derivative Confirmations
be handled via e-mail rather than fax.  Is this ok with Legal?  I have faxed
the letter to x3490 to Susan Bailey's attention.

Thanks,
Joe


Rob and Teb, this is the agenda I left you a message about.  I realize this is last
	minute, so if it does not work for you to visit with Mr. Formaggio, I think we can cover
	the time.  Thanks. Lynn

 -----Original Message-----
From: 	Cantrell, Rebecca W.
Sent:	Wednesday, August 22, 2001 4:18 PM
To:	Dernehl, Ginger; Noske, Linda J.; Blair, Lynn; Buchanan, John; Gomez, Julie A.; Steffes, James D.; Shapiro, Richard
Cc:	Keenan, Amber
Subject:	Mauro Formaggio (Italian Energy Authority)

This is the schedule so far for Mr. Formaggio, who has asked to meet with someone in Enron to understand more about the general operation of a big pipeline (dispatching, the nomination and balancing operation, the allocation of measurement, and other major aspects of third-party-access implementation, including OBAs with interconnecting pipelines).

He was scheduled to arrive this afternoon, and will be staying at the Hyatt Regency.

Thursday, 8/23

9:00 through	Arrive at Enron.  He was given either Ginger Dernehl or myself as initial contacts.
   Lunch	Advise John Buchanan of arrival (X.37429).
	John will come to 47 to escort Mauro down to 41 for presentations by Lynn Blair and others about ETS gas logistics.
	Then Mauro will meet with Dannis Bellard for a tour of Gas Control.

3:30-4:30	Meet with Julie Gomez, VP of Long-Term Fundamentals-Gas

Friday, 8/24

11:00-12:00	Meet with Rick Shapiro and Jim Steffes, Government Affairs-The Americas

I am trying to arrange a meeting also with George Smith, either at about 2:00 on Thursday or on Friday morning.  He is a manager in the EWS logistics area who could talk about pipeline operation from the shipper perspective.


Revision to the below message:  The Enron entity should be Enron Canada Corp., not Enron North America Corp.

Stephanie
 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Tuesday, October 23, 2001 2:42 PM
To:	Adams, Laurel; Allen, Kimberly; Anderson, Diane; Bell, Jean; Bowen, Bob; Cason, Sharen; Cisneros, Celeste; Fischer, Jason; Garcia, Jorge A. ; Heaney, Gordon; Hundl, Kimberly; Hunter, Larry Joe; Murphy, Melissa Ann; Ornelas, Bianca; Piwetz, Stephanie; Rodriguez, Melissa; Seib, Dianne; Tackett, Scott; Theriot, Kim S.; Brackett, Debbie R.; Bradford, William S.; Brown, Angela Y.; Conwell, Wendy; Curry, Ken; Espinoza, Veronica; Gonzalez, Veronica; Johnson, Rudwell; Landry, Shemeika S.; Lebrocq, Wendi; Mendoza, Nidia; Monterrey, Maribel; Moran, Tom; Ngo, Tracy; North, Carol; Otto, Randy; Radous, Paul; Rajaram, Aparna; Rohauer, Tanya; Sacks, Edward; Sonnonstine, Max; Vanek, Darren; Williams, Jason R (Credit); Campos, Anthony; Crawford, Sharon; Ebow, Amber; Ellstrom, Diane; Gerard, Camille; Hare, Bill D.; Johnson, Cheryl; Lambert, Karen; Landau, Georgi; Lees, Lisa; Moore, Jason; Neuner, Dale; Reeves, Leslie; Richardson, Stacey; Rodriguez, Bernice; Schott, Samuel; Sever, Stephanie; Shivers, Lynn; Sietzema, Linda; Southard, Carrie; Bailey, Susan; Boyd, Samantha; Cook, Mary; Gray, Barbara N.; Heard, Marie; Hendry, Brent; Jones, Tana; Keiser, Holly; Koehler, Anne C.; Leite, Francisco Pinto; Nelson, Cheryl; Sayre, Frank; Shackleton, Sara; Taylor, Mark E (Legal)
Subject:	Vermont Gas Systems, Inc.

We have received an executed First Amendment to Master Agreement by and between Vermont Gas Systems, Inc. and Enron North America Corp., which amends a) certain credit provision for both parties and b) certain other provision of the Master Agreement due to regulatory changes.

Copies will be distributed.

Stephanie Panus


This Information Applies ONLY to Organizations Supported by Houston-based Accounts Payable Processing Centers

Earlier this week I was pleased to announce that Enron's new procurement and payment tool, iBuyit eProcurement, is now live for those who previously requested IT hardware from IT Central.  But there is still more to come! On May 1st the iBuyit Payables system will be activated for all organizations supported by Houston-based Accounts Payable processing centers.  The new iBuyit Payables system will increase the efficiency of the accounts payable process by capturing invoices as scanned images at a central point of receipt and routing them electronically for coding, payment authorization, and issue resolution.

In preparation for this transition, there are some simple changes to the way you currently order and pay for goods and services.  Following these changes will ensure that your invoice is correctly processed through the iBuyit Payables system.

Effective immediately, provide vendors with the following information when placing an order and instruct them to reference this information:
*  Company Number or Legal Entity Name
*  Contact Name
*  Personal External Identification Number (EID) or Approved Purchase Order Number
*  New P.O. Box  (See Below)

What is an EID?
An EID is your External Identification Number (EID). This EID number identifies the purchaser and helps route non-purchase order invoices back to the purchaser electronically through iBuyit.

Do I need to use an EID for non-purchase orders?
Yes.  When ordering goods and services with a non-purchase order, the purchaser should provide the vendor with the appropriate EID.  It is your responsibility to communicate to vendors that an EID is now required for non-purchase orders.

Do I need to use an EID for purchase orders?
No.  When ordering goods and services with an approved purchase order, you should provide the vendor with a purchase order number as you currently do.

What if I do not know my EID?
All Enron employees are assigned an EID number. If you purchase goods and services on behalf of Enron, you need to know your personal EID number.  You can access your EID number in eHRonline.  Logon to eHRonline, choose "Personal Information" to pull up your personal profile.  On the left side of the "Personal Information" screen select "Other" and you will see your:
*  PID (SAP ID)
*  GIS ID
*  EID

What is our new mailing address (PO Box)?
Effective immediately, instruct the vendor to mail the invoices to the following address:
PO Box 4734
Houston, TX  77210-4734

What do I do if an invoice comes directly to me?
HOUSTON LOCATIONS ONLY
If an invoice comes directly to you, mark the envelope "Attention Enron Accounts Payable," and place the envelope in an AP drop box at any Enron mail center.

FIELD LOCATIONS ONLY
If Houston currently processes your invoices, and an invoice comes directly to you, they will continue to be processed by the Accounts Payable department in Houston.  Please send invoices to the new PO Box above or the following physical address:
3724 Dacoma
Houston, TX  77092
ATTENTION ENRON ACCOUNTS PAYABLE

Note:  ETS Field locations will continue to process non-purchase order invoices locally.

How will vendors learn about these changes?
This information will be shared directly with vendors in a separate communication.

Questions?  Send an e-mail to <mailto:ibuyit@enron.com>

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