----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 08:15 AM -----

	Joseph Alamo
	02/14/2001 11:50 AM

		 To: Paul Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron, Sandra
McCubbin/NA/Enron, Jeff Dasovich/NA/Enron
		 cc: Lysa Akin/PDX/ECT@ECT
		 Subject: Sac Bee, Tues 2/13 Editorial: "Lawmakers failed to respond to
energy alarm"

---------------------- Forwarded by Joseph Alamo/NA/Enron on 02/14/2001 09:48
AM ---------------------------

	Joseph Alamo
	02/13/2001 04:57 PM

To: Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Sac Bee, Tues 2/13 Editorial: "Lawmakers failed to respond to energy
alarm"

Lawmakers failed to respond to energy alarm

(Published Feb. 13, 2001)

Now that state lawmakers have begun an inquiry to determine what caused
California's energy crisis, they might want to take a look in the mirror.
Not at the infamous 1996 vote that triggered the partial deregulation of the
electricity industry. The remains of that law have been picked over enough.
Besides, most of the people who voted for it have already left the
Legislature, thanks to term limits.
But there was another vote last June, far less heralded and still little
known. It came just as warning bells were starting to signal the onset of
what has since become a crippling crisis. The Legislature not only ignored
those alarms, it stood in the way of the people who were trying to respond.
Why it did so remains something of a mystery. How it did so says a lot about
the way the Legislature works.
At issue was the now-defunct California Power Exchange. This was a
state-mandated auction, until recently the only place that utilities were
allowed to shop for the electricity that lights our homes and businesses. By
last June there were ominous signs that the power exchange, known as the PX,
wasn't working right. Prices were higher than anyone expected. The supply of
energy seemed thinner than was reasonable. There were enormous overhead
costs.
The power exchange was a bit like having a single automobile auction where
everyone who wanted to buy or sell a car had to do business. In times of
surplus this might work, because the sellers would underbid each other to
unload their cars to reluctant buyers. But in a shortage, the opposite would
be true. Buyers, with no place else to go, would pay ever-higher prices to
get what they needed. That's what was happening with electricity.
A majority of the Public Utilities Commission decided to do something about
it. The PUC voted 3-2 to allow privately formed exchanges to compete with the
state-sanctioned auction. At least two private exchanges were promising to
deliver more power at lower prices with fewer administrative costs. The
commission wanted to let them give it a try.
But before the PUC could even implement the change, the Legislature
intervened. Acting with unusual speed, lawmakers overturned the commission's
decision.
Assembly Bill 2866 was a classic legislative bill, in the worst sense. A
cobbled-together collection of 28 unrelated items, it was drafted in a hurry
as a companion to the new state budget. One of the bill's many parts was a
provision to subsidize California's film industry. That got a lot of
attention. The paragraph overturning the PUC's attempt to head off the energy
crisis got next to none. The bill was amended in the Senate on June 15 and
approved later that day. The Assembly passed it the next day, and Gov. Gray
Davis signed it.
The analysis of the bill that members saw in the Assembly was cryptic and
misleading. It said the bill would authorize the PUC to study the idea of
allowing competition for the state-mandated exchange. That was true as far as
it went. But the analysis omitted the fact that the bill's real intent was
just the opposite: to reverse a PUC decision and prohibit competing exchanges
for at least a year.
"California had made a big investment in the power exchange," said Sen. Jim
Brulte, R-Rancho Cucamonga, who was one of probably just a handful of
legislators who knew about the provision before it became law. "The PUC
decision would have put that investment at risk." Which is another way of
saying that the power exchange wasn't working and had to be protected from
competition.
Richard Bilas, the PUC commissioner who was pushing the hardest for the
reform the Legislature overturned, said he never liked the idea of mandating
a single exchange in which the utilities would have to buy all their power.
Bilas wasn't a member of the commission when the PUC restructured
California's electricity industry. But he said the result reminded him of the
former Soviet Union, where leaders declared that they were going to move to a
market economy and then appointed a group of central planners to figure out
how those markets should function.
"Markets are not based on fictitious or created exchanges," he said. "Markets
are based on buyers and sellers coming face to face to negotiate a deal. You
don't establish beforehand something that may not be necessary."
It's still not clear whether opening up the markets would have prevented the
price spikes that have since nearly bankrupted the utilities, forcing the
state to step in and buy electricity to keep the lights on. It might be a
stretch to suggest that any single policy change could have prevented the
crisis. But we will never know.
The Legislature, acting in haste and with little information, kept us from
finding out. The California Power Exchange, which the Legislature was so
eager to protect from competition, collapsed of its own weight anyway, and is
now out of business.
The law preventing other exchanges from entering the market was quietly
repealed two weeks ago, seven very long months after it was adopted.


The attached memo details our proposal of a week ago to use SAP AR rather
than Unify AR.  As of this morning, we finalized our decision to use the SAP
AR system and to turn off Unify AR when SAP is implemented.  Please direct
any questions to myself at X33179 or Melissa White at X35704.

Please feel free to forward this memo to anyone I may have forgotten who is
interested.

Stephen
---------------------- Forwarded by Stephen P Schwarz/HOU/ECT on 02/29/2000
01:15 PM ---------------------------

	Enron North America Corp.

	From:  Stephen P Schwarz                           02/18/2000 04:17 PM

To: Bryce Baxter/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Leslie Reeves@CCMAIL, Evelyn Aucoin/HOU/ECT@ECT, Laura E
Scott/CAL/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT
cc: Melissa White/HOU/ECT@ECT, Dorothy Ricketts/HOU/ECT@ECT, Kimberly
Perkins/HOU/ECT@ECT, Trang Le/HOU/ECT@ECT, Christy Sweeney/HOU/ECT@ECT
Subject: Unify AR -- SAP Plans

Two years ago Enron North America made a decision to use Unify AR for cash
application rather than SAP AR.  We decided at the time that SAP AR would be
kept in sync with Unify AR by the Unify/SAP interface.  We believe that the
business logic for that decision has changed, and are now recommending that
Unify AR be permanently turned off and all AR functions be performed in SAP.
I have briefly summarized the change in business situation below.

Two Years Ago	Today
Netting allowed by legal and credit ONLY if netting contract was already in
place.	Netting encouraged by legal and credit wherever possible, regardless of
existence of signed agreement.
Netting limited to one counterparty and legal entity at a time.	Canada nets across
counterparties.
Netting performed in physical only, financial settlements to maintain
separate net statement process.	ENA considering netting physical and financial
together.
All account coordinators were to apply their own cash.	Cash applied centrally in
Power, Financial and Canada  Individual coordinators apply cash only in
physical Gas.
Cash was to be applied at the line item level to track variances and to
facilitate calculation of cost of funds by commercial team.	Although gas
settlements is applying cash for some invoices at the line item level, this
functionality is not being used by power settlements and will not be used by
financial settlements.  The company has not made any move towards calculating
cost of funds by commercial team.
The Account Inquiry functionality in Unify was thought to be a key on-line
tool.	Old habits die hard...most users appear to be printing reports and reviewing
data, rather than using the on-line functionality.
Overapplication of cash was not to be allowed.  Overpayments would be
classified as "on account", with issues tracked in a case management system.	Case
management system does not exist.  Allowing overapplication helps the account
coordinators track overpayments easier than leaving cash on account.
The counterparty/legal entity combination on the deposit needed to match the
counterparty/legal entity combination on the Enron invoice.	Given the number of legal
entities Enron has, along with the number of entities our counterparties
have, this seems like a hopeless battle.  Allowing cross-application of cash
seems easier.
Corp required that intercompany settlements had to be "settled" with cash
movement.	Corp no longer requires intercompany settlements to be "settled" with cash
movement.

Converting to SAP AR simplifies the Unify/SAP interface in the following ways:
Bank deposits into SAP do not have to be split off into Unify
Cash entries in Unify do not have to be interfaced back to SAP
Unify netting entries do not have to be interfaced to SAP
Payables information does not have to be interfaced from SAP to Unify

Given the change in attitudes towards our netting business process we face
two problems in Unify.
Controls built into Unify are already obsolete.
Unify does not maintain all products in one database, making efforts to net
across products in the future (physical with financial, for instance)
impossible.

Our understanding of the netting process in SAP indicates that there are no
controls (which sounds good at this point) and that we would retain the
automatic netting entries when the payable is netted with the receivable
within SAP.  However, we emphasize that netting would be done in SAP, not at
the time of finaling a payment in Unify.

To repeat, we are recommending that Unify AR be turned off and we convert to
SAP AR.  We will schedule a meeting the week of February 22 to discuss.
Please call me at X33179 with any questions or comments.  We WILL make this
decision by February 28 because the SAP timeline does not allow any
additional time for consideration.

Stephen


(g) Additional Event of Default.  The following will constitute an additional
Event of Default for purposes of Section 5(a):

(ix) (i) in the case of Party A, if Enron Corp. ceases to own, directly or
indirectly, one hundred percent (100%) of the outstanding capital stock or
other equity interests of Party A having ordinary voting power; or (ii) in
the case of Party B, if Enron Corp. ceases to own directly or indirectly, one
hundred percent (100%) or more of the outstanding capital stock or other
equity interests of Party B having ordinary voting power.


Okay, brief resume of my life to date if you like:

Born, grew up, (in England), am currently studying at Nottingham University
(E. Midlands of England) although that's not strictly true as I'm here in
Texas studying at UT Law School as part of an exchange scheme. I go back in
June or whenever and finish my degree so will finally graduate in June 2002.
(Fingers crossed). Other than that I don't do much else but eat, drink and
be merry. Actually I play the viola (and sing a bit) and that took over my
life back home but here I'm doing more of the drinking part of things - more
wine than beer though it has to be said - also better for you - well,
almost!
So there you go - does that bring back any memories?!
Hope you're having a fun week, happy halloween for yesterday - though I'm
not sure how fanatical people are about it in Houston - they certainly seem
to go all out for making a big deal of it here!
Sophie.
_________________________________________________________________________
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.


Thanks Chris.  Let me know if you need anything from me.  I'd like to attend
if you do schedule a meeting.


Dear Board Members,

Attached please find the strawman discussed in Board materials for our
upcoming meeting on September 27.    The board task force is recommending
that the Board discuss this Strawman at the September Board meeting, and
approve the Strawman report for the purposes of discussion with interested
parties.

Paper copies will be available to Board members during the meeting.

Best Regards,  Rae

 - strawman final report 9-21-00 with charts.PDF


As we discussed
----- Forwarded by Steven J Kean/NA/Enron on 12/20/2000 03:00 PM -----

	"IssueAlert" <IssueAlert@scientech.com>
	12/20/2000 06:58 AM

		 To:
		 cc:
		 Subject: Exelon Completes Acquisition of 49.9 Percent of Sithe

http://www.consultrci.com

************************************************************************
Dear IssueAlert Subscriber,

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===============================================================
SCIENTECH IssueAlert, December 20, 2000
Exelon Completes Acquisition of 49.9 Percent of Sithe
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Exelon Corporation and Sithe Energies Inc. announced the successful
completion
of Exelon's acquisition of 49.9 percent of the stock of Sithe. The remaining
50.1 percent of Sithe will be owned by Vivendi (34 percent), Marubeni Corp.
(15 percent) and Sithe Management (1 percent). Vivendi Universal retains
a blocking minority interest of 34 percent in the company and PECO Energy
(which, along with Unicom, formed Exelon Corp.) becomes Sithe's main
shareholder.
PECO has also been given a three-year commitment starting from December
2002, to buy Vivendi Universal's remaining interest.

ANALYSIS: The announcement of this acquisition was first made in August,
prior to the formation of Exelon Corp. Under the original agreement dated
Aug. 11, 2000, PECO Energy is purchasing 49.9 percent of Sithe's North
American assets, including its domestic marketing and development businesses,
for $682 million. The acquisition marks a new direction for Sithe Energies
and a continuation of an aggressive generation expansion plan on the part
of Exelon.

This divestiture by Sithe Energies signals its withdrawal from power
production.
Only two years ago, Sithe Energies was one of the largest independent power
producers in the United States, operating 43 power plants from New Jersey
to California. Sithe Energies had made a decided effort to purchase vast
generation assets in the Northeastern United States, believing that there
would be value in having critical mass in the deregulated generation market
in that region. Until last year, Sithe Energies was the primary subsidiary
of French mega-utility Vivendi, which had been creating a reputation as
an industry powerhouse due to its assets in electric energy services, thermal
energy supply, water distribution and wastewater management. Interestingly,
Vivendi did not own a gas or electric utility anywhere in the world, and
instead used Sithe Energies as the vehicle to accumulate generation assets
as its primary entry into the energy industry.

Indications that the company's strategy was changing began to surface earlier
this year. In February, Sithe Energies sold 21 power plants to Reliant
Energy for a total of $2.1 billion. The sale generated an immediate capital
gain of about $450 million for Sithe Energies, indicating that its generation
assets were bringing strong shareholder value for its investors, even if
the company appeared to be exiting the generation market.

Then, in June, Vivendi announced that it had entered into a "strategic
business combination" with Canal and The Seagram Company Ltd to form a
new company called Vivendi Universal, a communications conglomerate for
wired and wireless markets owning the world's largest music company, second
largest film library, major film production studio, and a PC-based software
game publishing company. (Note that just yesterday Vivendi Universal entered
into an agreement for the sale of Seagram's spirits and wine business to
Diageo and Pernod Ricard for $8.1 billion, subject to regulatory approvals).
Vivendi also continued to expand its significant water business, through
its subsidiaries U.S. Filter Corporation and G,n,rale des Eaux Group which
recently won water treatment contracts New Zealand and Indonesia. In a
separate development, Vivendi, supported by Sithe Energies, developed a
partnership with a company named Softbank to establish a unit called K
Road Ventures. This company represented Vivendi's strategy of creating
an Internet company specializing in B-to-B services for utilities and energy
services.

All of these developments indicated that, although Vivendi planned to remain
involved in the energy industry, its focus was no longer on building a
generation portfolio through Sithe Energies. Rather, Vivendi is building
on its role as a major player in communications and environmental services.
The subtext of this new direction for the company is probably Vivendi's
attempt to reduce the debt of its subsidiaries to a reported 11 billion
euros by the end of this year. Yet, most financial analysts agree that
the continuing divestiture of Sithe Energies marks Vivendi's complete
withdrawal
from the energy production business. Vivendi has been in the process of
spinning off a new utilities arm named Vivendi Environnment, which will
provide energy services such as equipment installation and maintenance,
as well as water and wastewater treatment. The K Road Ventures unit probably
will be operated within Vivendi Environnment; however, it appears fairly
certain that generation is no longer a part of the company's primary strategy.

According to Vivendi, this divestiture confirms the exit of Sithe North
America from the consolidation scope of Vivendi Universal. Including the
divestiture of GPU, which took place at the beginning of the year, the
transactions represent a total debt reduction of around 4 billion euros
and a net capital gain of 170 million euros in the financial statements
for 2000.

Presently across North America, Sithe Energies still owns and operates
about 27 power generation plants with approximately 3,800 MW of net merchant
generating capacity. Further divestiture of these assets is expected as
Sithe and Vivendi continue to move away from power generation. PECO (now
Exelon) and Reliant are two companies that have quickly picked up the
generation
assets divested by Sithe Energies, and has been a wise move for both
companies.
There should be a continuing high value placed on generation assets in
the Northeastern United States, particularly since competitive markets
are developing more rapidly in that region of the country. Reliant's purchase
of the Sithe Energies' 21 plants supports its strategy of acquiring
generation
assets and developing a strong retail capability.

Purchasing 49.9 percent of Sithe Energies, with the option to buy the rest
of the company in as little as two years, is also a smart move for Exelon.
The Power Generation Group (PGG) of PECO, which remains a subsidiary under
the new Exelon holding company, is the business unit responsible for managing
the fossil and hydro generating stations of the company. PGG manages a
fleet of 72 generating units that can provide 5200 megawatts (MW) of power
using a variety of fuels. These units include coal, natural gas, oil,
landfill
gas, and hydroelectric power plants. Under deregulation, this variety of
fuels is helping PECO to remain competitive and prepared to meeting the
energy needs of diverse customers. Presently, Exelon is the largest energy
company in the United States, but will trumped by the Entergy/FPL Group
combination, which is expected to close over the next year.

The addition to Exelon's generation arsenal that it gains from almost half
the shares of Sithe Energies should factor in nicely to Exelon's overall
position in the industry. Exelon estimates that the initial investment
in Sithe will contribute approximately $0.01 per share to its consolidated
earnings in 2001 and 2002. And it certainly appears that Exelon aims to
acquire the totality of Sithe's assets, based on comments coming out of
the company's headquarters. If Exelon were to purchase the remaining 50.1
percent of Sithe (as soon as two years from now), Exelon anticipates that
the transaction would contribute approximately $0.15 to its annual
consolidated
earnings. This may be just the move that Exelon has in mind as a complete
acquisition of Sithe's assets would increase Exelon's generation portfolio
to 46,500 MW, which is perhaps just what it needs to secure its place as
one of the nation's top generating companies and keep it in the running
with FPL / Entergy.
===============================================================
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i do....
i'm leaving for h-town right now.
i will be done w/ rehearsal dinner around 9 or so.
i'll call you.
have a good day.
-cori:)

> i will be in town.  i have a dinner to go to at 6:30,
but i am going out
> after that.  you should give me a call.  i think you
have my cell phone
> number right?
>
> >  -----Original Message-----
> > From: 	ccates@mail.lbjs.com@ENRON
> > [mailto:IMCEANOTES-
ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]  On
> > Behalf Of Cori Cates <ccates@mail.lbjs.com>
> > Sent:	Thursday, May 31, 2001 2:36 PM
> > To:	Lenhart, Matthew
> > Subject:	RE:
> >
> > i haven't even thought about it...but yea- i bet we
do
> > go out.  will you still be in town?
> >
> >
> >
> >
> > > i went to denver east.  have you heard of it?  i
> > haven't heard of your
> > > friends that work here.  i like working here.  it
is
> > pretty exciting on
> > > the trading floor.  are you guys going out
tomorrow
> > night after the
> > > rehersal dinner.
> > >
> > > >  -----Original Message-----
> > > > From: 	ccates@mail.lbjs.com@ENRON
> > > > [mailto:IMCEANOTES-
> > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]  On
> > > > Behalf Of Cori Cates <ccates@mail.lbjs.com>
> > > > Sent:	Thursday, May 31, 2001 12:29 PM
> > > > To:	Lenhart, Matthew
> > > > Subject:	RE:
> > > >
> > > > i dont hate it.  i'm just tired of it.
> > > > what school in denver?  do you like working @
enron?
> > > > do you know a john franklin or sonya there?
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > > i went to high school in denver.  i have only
> > lived
> > > > here for 2 years.
> > > > > no wonder you hate houston.  there is nothing
up
> > in
> > > > north houston.
> > > > >
> > > > > >  -----Original Message-----
> > > > > > From: 	ccates@mail.lbjs.com@ENRON
> > > > > > [mailto:IMCEANOTES-
> > > > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
On
> > > > > > Behalf Of Cori Cates <ccates@mail.lbjs.com>
> > > > > > Sent:	Thursday, May 31, 2001 10:25 AM
> > > > > > To:	Lenhart, Matthew
> > > > > > Subject:	RE:
> > > > > >
> > > > > > hey-
> > > > > > i grew up in north houston (around the
woodlands
> > > > area)
> > > > > > i've only live here for 2 years.  where did
you
> > go
> > > > to
> > > > > > high school?
> > > > > >
> > > > > >
> > > > > >
> > > > > >
> > > > > > > i live inside the loop here and usually
don't
> > > > leave
> > > > > > unless i have to
> > > > > > > golf.  outside of the loop is pretty ugly.
> > which
> > > > > > part of houston did
> > > > > > > you grow up in?
> > > > > > >
> > > > > > > >  -----Original Message-----
> > > > > > > > From: 	ccates@mail.lbjs.com@ENRON
> > > > > > > > [mailto:IMCEANOTES-
> > > > > >
ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
> > On
> > > > > > > > Behalf Of Cori Cates
<ccates@mail.lbjs.com>
> > > > > > > > Sent:	Wednesday, May 30, 2001 3:17 PM
> > > > > > > > To:	Lenhart, Matthew
> > > > > > > > Subject:	RE:
> > > > > > > >
> > > > > > > > no i do not work for strip clubs!!!
> > > > > > > > our 'in house' production department
makes
> > > > > > comercials
> > > > > > > > for advertising companies; i.e. clubs,
> > > > bars....and i
> > > > > > > > did the voice work for them!  h-town IS
the
> > > > armpit
> > > > > > of
> > > > > > > > america.  i know, i've lived there all
my
> > > > life.  you
> > > > > > > > cannot say it isn't dirty. especially
after
> > you
> > > > see
> > > > > > a
> > > > > > > > beautiful clean place like austin. but
i'm
> > glad
> > > > to
> > > > > > know
> > > > > > > > that there are people who still love
houston
> > > > too.
> > > > > > > >
> > > > > > > > what's my stripper name?!! nice.
> > > > > > > > -cori
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > >
> > > > > > > > > you think houston is the armpit of the
> > > > world?  i
> > > > > > love
> > > > > > > > it hear.  the
> > > > > > > > > weather sucks in the summer, but other
> > than
> > > > that
> > > > > > it
> > > > > > > > is a blast.  so you
> > > > > > > > > do work for strip clubs huh?  that is
> > > > interesting.
> > > > > > > > what is your
> > > > > > > > > stripper name?
> > > > > > > > >
> > > > > > > > > >  -----Original Message-----
> > > > > > > > > > From:
	ccates@mail.lbjs.com@ENRON
> > > > > > > > > > [mailto:IMCEANOTES-
> > > > > > > >
> > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
> > > > On
> > > > > > > > > > Behalf Of Cori Cates
> > <ccates@mail.lbjs.com>
> > > > > > > > > > Sent:	Wednesday, May 30, 2001
10:33 AM
> > > > > > > > > > To:	Lenhart, Matthew
> > > > > > > > > > Subject:	RE:
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > > hey there- how's it goin?
> > > > > > > > > >
> > > > > > > > > > 4th st. is sort-of away from all the
> > college
> > > > > > > > > > crowd...it's pretty cool, i like it.
> > if you
> > > > > > were
> > > > > > > > to go
> > > > > > > > > > to 6th. 'the library' & 'the
aquarium'
> > are
> > > > good
> > > > > > > > > > places. 'touche' is also pretty cool
> > > > (flaming
> > > > > > > > dr.pepper
> > > > > > > > > > gimick).
> > > > > > > > > > i work at 'lbjs broadcasting' there
are
> > six
> > > > > > radio
> > > > > > > > > > stations in the building. i work
> > > > specifically
> > > > > > for
> > > > > > > > > > 101X.  it is an alternative rock
> > station.  i
> > > > > > also
> > > > > > > > make
> > > > > > > > > > some commercials; if you listen to
the
> > radio
> > > > > > here-
> > > > > > > > > > that's me talking on
the 'showpalace'
> > > > & 'expose'
> > > > > > > > > > commercials.- yes- they are strip
clubs.
> > (no
> > > > > > > > > > affiliation) it also airs on 93.7fm.
> > > > > > > > > > how's it goin in the arm-pit of
america?
> > > > > > > > > > -cori:)
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > >
> > > > > > > > > > > i forgot you had a wedding.  i
don't
> > go
> > > > up to
> > > > > > > > austin
> > > > > > > > > > all that much.  i
> > > > > > > > > > > usually stay down here and go out.
> > where
> > > > do
> > > > > > you
> > > > > > > > work
> > > > > > > > > > up there again?  i
> > > > > > > > > > > am sure you told me, but i forgot.
> > where
> > > > are
> > > > > > the
> > > > > > > > > > good places to hang
> > > > > > > > > > > out?  is it 4th st?
> > > > > > > > > > >
> > > > > > > > > > > >  -----Original Message-----
> > > > > > > > > > > > From:
> > 	ccates@mail.lbjs.com@ENRON
> > > > > > > > > > > > [mailto:IMCEANOTES-
> > > > > > > > > >
> > > > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
> > > > > > On
> > > > > > > > > > > > Behalf Of Cory Cates
> > > > <ccates@mail.lbjs.com>
> > > > > > > > > > > > Sent:	Tuesday, May 29, 2001
> > 3:53 PM
> > > > > > > > > > > > To:	Lenhart, Matthew
> > > > > > > > > > > > Subject:	RE:
> > > > > > > > > > > >
> > > > > > > > > > > > i was kidding about your
> > > > friends...besides-
> > > > > > i
> > > > > > > > > > > > definately do not have room to
talk.
> > > > > > > > > > > > i guess you didn't remember, i
have
> > > > > > a "wedding"
> > > > > > > > on
> > > > > > > > > > > > saturday?  i have to be in h-
town on
> > > > fri.
> > > > > > for
> > > > > > > > the
> > > > > > > > > > > > rehearsal.  sucks. you'll have
fun
> > > > though-
> > > > > > do
> > > > > > > > you
> > > > > > > > > > come
> > > > > > > > > > > > to austin a lot?  next time i'm
in
> > > > houston
> > > > > > will
> > > > > > > > > > > > probably be father's day.
> > > > > > > > > > > >
> > > > > > > > > > > > i've had just about enough of
this
> > place
> > > > > > for one
> > > > > > > > > > day,
> > > > > > > > > > > > so i'm going home now...
> > > > > > > > > > > > have a good day
> > > > > > > > > > > > -cori:)
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > > > > my friends are liars.  this
past
> > > > weekend
> > > > > > was
> > > > > > > > an
> > > > > > > > > > > > anomaly.  it isn't bad
> > > > > > > > > > > > > to go out and party like a
rock
> > star
> > > > every
> > > > > > > > now and
> > > > > > > > > > > > then.  i will be in
> > > > > > > > > > > > > austin this saturday night, so
> > maybe
> > > > we
> > > > > > can
> > > > > > > > get
> > > > > > > > > > > > together in austin.  we
> > > > > > > > > > > > > will probably be at it pretty
hard
> > > > > > again.  i
> > > > > > > > have
> > > > > > > > > > a
> > > > > > > > > > > > friend coming in
> > > > > > > > > > > > > from new orleans so he will
want
> > to
> > > > hit
> > > > > > 6th
> > > > > > > > > > street.
> > > > > > > > > > > > >
> > > > > > > > > > > > > >  -----Original Message-----
> > > > > > > > > > > > > > From:
> > > > 	ccates@mail.lbjs.com@ENRON
> > > > > > > > > > > > > > [mailto:IMCEANOTES-
> > > > > > > > > > > >
> > > > > >
ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
> > > > > > > > On
> > > > > > > > > > > > > > Behalf Of Cory Cates
> > > > > > <ccates@mail.lbjs.com>
> > > > > > > > > > > > > > Sent:	Tuesday, May
29, 2001
> > > > 2:35 PM
> > > > > > > > > > > > > > To:	Lenhart, Matthew
> > > > > > > > > > > > > > Subject:	RE:
> > > > > > > > > > > > > >
> > > > > > > > > > > > > > stop making excuses- your
> > friends
> > > > all
> > > > > > said
> > > > > > > > that
> > > > > > > > > > > > you're
> > > > > > > > > > > > > > always very drunk every
> > weekend. ha.
> > > > > > > > > > > > > > i'm back in austin.  i did
have
> > fun
> > > > > > > > sat.night-
> > > > > > > > > > it
> > > > > > > > > > > > was
> > > > > > > > > > > > > > worth driving in for:)
> > > > > > > > > > > > > > i'm about a quart low
today; i
> > drove
> > > > > > back on
> > > > > > > > > > sunday
> > > > > > > > > > > > &
> > > > > > > > > > > > > > spent the rest of the
weekend
> > on the
> > > > > > lake.
> > > > > > > > i
> > > > > > > > > > need
> > > > > > > > > > > > to
> > > > > > > > > > > > > > go home.
> > > > > > > > > > > > > > why are you coming up this
> > weekend
> > > > > > again?
> > > > > > > > for
> > > > > > > > > > some
> > > > > > > > > > > > > > reason, i can't remember.
> > > > > > > > > > > > > > -cori
> > > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > > > > > i remember you.  i was
pretty
> > > > drunk
> > > > > > > > though.
> > > > > > > > > > > > > > hopefully i didn't make too
> > > > > > > > > > > > > > > much of an ass out of
> > myself.  we
> > > > hit
> > > > > > it
> > > > > > > > > > really
> > > > > > > > > > > > hard
> > > > > > > > > > > > > > that night for my
> > > > > > > > > > > > > > > buddy's birthday.  how was
> > your
> > > > > > > > bachelorette
> > > > > > > > > > > > party?
> > > > > > > > > > > > > > are you back in
> > > > > > > > > > > > > > > austin now?
> > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > >  -----Original Message--
---
> > > > > > > > > > > > > > > > From:
> > > > > > 	ccates@mail.lbjs.com@ENRON
> > > > > > > > > > > > > > > > [mailto:IMCEANOTES-
> > > > > > > > > > > > > >
> > > > > > > >
> > ccates+40mail+2Elbjs+2Ecom+40ENRON@ENRON.com]
> > > > > > > > > > On
> > > > > > > > > > > > > > > > Behalf Of Cory Cates
> > > > > > > > <ccates@mail.lbjs.com>
> > > > > > > > > > > > > > > > Sent:	Tuesday, May
> > 29, 2001
> > > > > > 11:56 AM
> > > > > > > > > > > > > > > > To:	Lenhart, Matthew
> > > > > > > > > > > > > > > > Subject:
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > hi matt....
> > > > > > > > > > > > > > > >
> > > > > > > > > > > > > > > > -cori
> > > > > > > > > > > > > > > > (hopefully you remeber
me)
> > > > > > > > > > > > > > >
> > > > > > > > > > > > > >
> > > > > > > > > > > > >
> > > > > > > > > > > >
> > > > > > > > > > >
> > > > > > > > > >
> > > > > > > > >
> > > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>


The choice is between locking in our exposure to our customers at four months versus risking exposure for the full period of time but with an argument that this is either a "tax" or an "indirect" consequence of our re-sourcing them to the utilities.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, October 09, 2001 7:00 PM
To:	Williams, Robert C.; Dasovich, Jeff; Mara, Susan; Wu, Andrew; Smith, Mike; Sanders, Richard B.
Subject:	RE: $.01 surcharge as "tax"

The EWS West Power URM desk will need to determine the $$ at stake and help us manage our financial exposure and the appropriate policy response.  It's their $$.  So far, my understanding from the desk is that our current policy recommendations (as outlined in the Mike Smith memo) are the "preferred" outcome - I'll reconfirm.

Jim

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Tuesday, October 09, 2001 5:25 PM
To:	Dasovich, Jeff; Mara, Susan; 'mday@gmssr.com'; Steffes, James D.; Wu, Andrew; Smith, Mike
Subject:	RE: $.01 surcharge as "tax"

We could not do that.  On the other hand, if we advocate that it should only apply to those who directly benefitted, and the CPUC adopts that reasoning, we would be shooting our tax argument in the foot.  I think you are right that we need to understand the implications, both financially and contractually, of the options before the Commission.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 09, 2001 5:20 PM
To:	Williams, Robert C.; Mara, Susan; 'mday@gmssr.com'; Steffes, James D.; Wu, Andrew; Smith, Mike
Subject:	RE: $.01 surcharge as "tax"

Thanks.  One other question, which seems like a legal question.  Assume that Enron openly advocates for the PUC to apply the charges to all customers, including ours, understanding that our customers neither benefited from or caused the charges.  If the PUC does it, and we go back to our customers and claim that an indirect tax has been applied, are we in any kind of bind for having pushed for it?  I'm hoping that the answer is no.  Thanks for the info.

Best,
Jeff

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Tuesday, October 09, 2001 5:11 PM
To:	Dasovich, Jeff; Mara, Susan; 'mday@gmssr.com'; Steffes, James D.; Wu, Andrew; Smith, Mike
Subject:	FW: $.01 surcharge as "tax"

a legal memo follows

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Thursday, August 02, 2001 9:16 AM
To:	Mellencamp, Lisa; 'jklauber@llgm.com'
Subject:	FW: $.01 surcharge as "tax"

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Friday, July 27, 2001 5:47 PM
To:	Sharp, Vicki
Subject:	$.01 surcharge as "tax"

A typical clause reads as follows:

" 'Taxes' means any and all new or existing governmental or quasi-governmental taxes, assessments, levies, duties, fees, charges and withholdings of any kind or nature whatsoever and howsoever described, including gross receipts, franchise, sales, use , property, excise, capital, stamp, transfer, employment, occupation, generatiion, privilege, Utility Taxes [separately defined to include "any and all franchise, utility, regulatory, BTU or energy, gross receipts, administrative services, municipality, and utility user taxes and similar taxes and energy resource and municipal land use surcharges and other similar surcharges"], regulatory, BTU, energy, consumption, lease, transaction, license, filing, recording, and activity taxes, levies, duties, fees, charges and withholdings, together with any and all penalties, fines, interest, and additions thereto, but excluding any taxes on the net income of EESI or any affilitates."

Under the contracts the Buyer is usually responsible for taxes "applicable to Power at or after the Delivery Point" (the meter); the Seller is usually responsible for taxes "applicable prior to the Delivery Point."  The surcharge would seem to be applicable "at the Delivery Point."

Support for the argument that the surcharge is not a "tax" under the contracts:

     1.  The CPUC refers to it as a "rate increase"

     2.  It was not imposed by a governmental body (such as a state, county, or municipality)

     3.  When first implemented, all proceeds went to the utilities

     4.  It appears that a portion of the proceeds may continue to go to the utilities

Support for the argument that the surcharge is a "tax" under the contracts:

     1.  Since the "frozen tariff" remains in place it is disingenuous to refer to it as a "rate increase"

     2.  It now appears that the proceeds will go to a governmental entity, the DWR

     3.  The definition of "taxes" under the contract is broad and includes surcharges of all types

     4.  To the extent the $.01 surcharge is to pay for generation for bundled customers, those on direct access receive, if anything, only an indirect benefit, which is similar in effect to a tax and not to a rate increase


I am free next Tuesday?

 -----Original Message-----
From: 	pgraff@reliant.com@ENRON [mailto:IMCEANOTES-pgraff+40reliant+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, July 12, 2001 11:33 AM
To:	Perlingiere, Debra
Subject:	RE: Master Agreement

Just let me know.

PG

                    Debra.Perlingiere
                    @enron.com               To:     IMCEANOTES-pgraff+40reliant+2Ecom+40ENRON@enron.com
                                             cc:
                    07/12/01 11:30 AM        Subject:     RE: Master Agreement

  I hope to be out from under the pile by early next week say Monday or
Tuesday?

    -----Original Message-----
   From:   pgraff@reliant.com@ENRON
             [mailto:IMCEANOTES-pgraff+40reliant+2Ecom+40ENRON@ENRON.com]
   Sent:   Thursday, July 12, 2001 10:46 AM
   To:     Perlingiere, Debra
   Subject:  RE: Master Agreement

   Thanks for the update.  When are you coming to visit me?

   Paramy

                       Debra.Perlingiere
                       @enron.com               To:
   IMCEANOTES-pgraff+40reliant+2Ecom+40ENRON@enron.com
                                                cc:
                       07/12/01 10:38 AM        Subject:     RE: Master
   Agreement

    Hello Paramy,  I have sent vis messenger just now the executed
   agreement.
   Thanks for all your help with this agreement.   I would like to visit
   with
   you next week.

       -----Original Message-----
      From:   pgraff@reliant.com@ENRON

   [mailto:IMCEANOTES-pgraff+40reliant+2Ecom+40ENRON@ENRON.com]
      Sent:   Thursday, July 12, 2001 10:22 AM
      To:     Perlingiere, Debra
      Subject:  Master Agreement

      Debra,

      Hope you vacation was a good one.  Are you caught up with your work
      while
      you were out? (Of course, not).  Just wanted to drop you a quick note
      and
      check the status of our partially executed Master Agreement.

      Thanks
      Paramy


Beginning in 2001, Enron will include Martin Luther King, Jr. Day as one of
our 11 official holidays for U.S. employees.  Martin Luther King, Jr. is one
of our nation's most remarkable heroes, and we want to honor his tremendous
contributions to our history by observing his holiday.

Next year, Martin Luther King, Jr. Day falls on Monday, January 15.  See the
holiday schedule below for a list of other holidays that Enron will observe
in 2001.

2001 Holiday Schedule

Monday	January 1	New Year,s Day
Monday	January 15	Martin Luther King Day
Monday	February 19	President,s Day
Monday	May 28	Memorial Day
Wednesday	July 4	Independence Day
Monday	September 3	Labor Day
Thursday	November 22	Thanksgiving Day
Friday	November 23	Thanksgiving Observance
Monday	December 24	Christmas Observance
Tuesday	December 25	Christmas Day
Discretionary Day

Days designated Observance are floating holidays set by Enron for the year.
A Discretionary Day may be taken as a holiday on any work day with the
supervisor,s prior approval.  When used, it must be designated on payroll
records for that pay period; depending on the State where employed, an unused
discretionary holiday may be forfeited at year end.  For more information*
especially concerning holiday pay for employees who work other than the
standard, 8-hour, 5-day work week*please refer to HR policy #12 (Work Hours,
Holidays, Vacation) or contact your HR representative.


Yeah, I locked myself out of my house also.  really smart move!  I felt so
terrible yesterday after our two nights of binge drinking.  I can't believe
you stayed up partying until 6 in the morning.  You are CRAZY.  Hey did we
make some sort of deal on those tickets.  I vaguely remember something to
that effect.


This really is the correct document.
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 01/18/2001
07:48 AM ---------------------------

"Brown, Laurie K" <Laurie.K.Brown@Williams.com> on 01/18/2001 09:25:57 AM
To: "'stephanie.miller@enron.com'" <stephanie.miller@enron.com>
cc:

Subject: Precedent Agreement with Board Approval Language - delete previou s
documents

Stephanie, I apologize for the confusion.? Attached you will find the correct
revised language for the board out approval.? The only change that has been
made to the previous version sent this morning is that Shipper needs to
provide "written" notice by Feb. 15.? The termination fee can follow after
that date.

 <<precedentboardoutclause.doc>>

 - precedentboardoutclause.doc


Mike,

I've never received any feedback on my notes.  Can you give me some direction on whether my assumptions are correct?

-----Original Message-----
From: Corman, Shelley
Sent: Friday, February 22, 2002 10:10 AM
To: 'Don.Vignaroli@dynegy.com'; Len.Hesseltine@dynegy.com; John.O'Shea@dynegy.com; Mary.Kay.Miller@dynegy.com; Mike.Mcgowan@dynegy.com; Hotte, Steve
Subject: RE: Restated 2002 CAPEX Plan

Don,

I would like to see the following notations added to the Gas Logistics CAPEX page to fully reflect the discussion and agreement.

With respect to the specific project listed:

1.  Gas Logistics is authorized to proceed with 4 Discretionary projects, including the three gas control network/security upgrades that you have listed and also the blanket desktop replacement project ($19,000) (omitted from your listing).  No further written proposal is required by Dynegy and restated capital budget will constitute the written authorization to proceed with these projects.

With respect to Footnote 2.  I believe the description below more precisely reflects our discussion:

2.  Dynegy requested and Enron agreed that NNG will not be charged any additional amounts for the Base Contract System through June 30, 2002, UNLESS Dynegy authorizes Enron to begin work on the customization and implementation of the NNG contract system prior to June 30, 2002.   To the extent that Enron is not directed to begin work on the customization of the base contract system for NNG prior to June 30, 2002, it is understood that the implementation date of the NNG contract system will be impacted.

3.  Dynegy requested and Enron agreed that NNG will not be charged any additional amounts for the Base Rates and Revenue System through June 30, 2002.

An additional footnote should be added to the page.

4.    The 2002 Capital Budget does not currently authorize the system modifications that will be necessary to implement NNG's Order 637 filing/revised filing provisions or GISB changes.   Dynegy and Enron will need to mutually agree whether to commence work on these modifications to meet filing commitments or expected FERC requirements.

 -----Original Message-----
From: Don.Vignaroli@dynegy.com [mailto:Don.Vignaroli@dynegy.com]
Sent: Thursday, February 21, 2002 5:23 PM
To: Len.Hesseltine@dynegy.com; John.O'Shea@dynegy.com; Dan.Dienstbier@dynegy.com; Carolyn.J.Stone@dynegy.com; Mary.Kay.Miller@dynegy.com; Dave.Neubauer@dynegy.com; Mike.Mcgowan@dynegy.com; Steve.Gilbert@dynegy.com; Keith.Petersen@dynegy.com; Lowry, Phil; Rice, Randy; Pribble, Dan; Nelson, Mike; Brassfield, Morris; Corman, Shelley; Hotte, Steve; Kleb, Steve; Concklin, Elaine
Subject: Restated 2002 CAPEX Plan

Attached for your review and information is a copy of the Restated 2002 Capital Budget (25 page report) which reflects the planned CAPEX recently agreed to between NNG/Dynegy and Enron.

Feel free to contact Mike McGowan (402.398.7110) or Don Vignaroli (402.398.7139) with questions or comments.


Daren--

Bad news.....the Cleburne imbalance is out of control.  You might want to start some payback to Lonestar.  Lonestar's estimates for the accumulative imbalance at the beginning of May was 140.0 due them, now I guess their actuals came in and now at the beginning of May shows 214.0 due them.  I am waiting to hear back from Lisa with Lonestar to see why there is such a big discrepancy.  Through the 16th, her updated estimates reflect an imbalance of 240.0 due them....the plant continues to overpull, our nom to the plant which is not all 45.0 due to Brazos' take.

Let me know what you want to do.

Mark


Angela, make sure I buy Chris's gift on Monday.

Set up a Meeting, Milly, Kyle, Derek and Eric with Hemstock re. regulatory.


I can't open the form, but I'm good for $50.  Is this something Enron can
match?

From: Fred Mitro/ENRON@enronXgate on 06/01/2001 01:34 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Golf for Sarah

Kay:

Here is the information on the charity golf outing we discussed.  Check out
sarahssoldiers.com for more information on Sarah and the efforts to help
her.

Attached at the bottom of this email is a pledge form.

Thanks for your support in this good cause.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 04/12/2001 03:54 PM
---------------------------

Stephen Morse@ENRON COMMUNICATIONS on 04/12/2001 03:00:16 PM
To:

Enron Golfers:

Hey guys, Sarah Edwards is a friend of a friend's daughter who desperately
needs help to stay alive and all you duffers out there can help:

The 100 holes for golf for Sarah Edwards will be Monday June 4 at
Sweetwater CC. Sarah needs a lung transplant and
approximately $150,000 of the costs are not covered by insurance or
medicaid.

For more info on Sarah, visit Sarahssoldiers.com

Here is how the 100 holes for golf works:

*Free golf at Sweetwater
*You play as many holes as you can (100 is not mandatory)
* We provide your lunch, drinks and snacks
* You get pledges from your friends to play
*pledges may be flat amounts, per hole, per birdie or per eagle

Lets all keep Sarah alive! Can I get some other tentative commitments?

thanks!

Steve

Steve Morse
Enron Broadband Services
713-853-7137-work
713-569-7912-cell
email:  stephen_morse@enron.net

 - pledge.doc


fyi
----- Forwarded by Sara Shackleton/HOU/ECT on 09/25/2000 12:37 PM -----

	Sheila Glover
	09/25/2000 11:43 AM

		 To: Ted Murphy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 cc: John Greene/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Theresa T
Brogan/HOU/ECT@ECT
		 Subject: Deutsche Bank Securities

Equity Trading is requesting an Executing Broker Agreement be set up for ECT
Investments, Inc. and Enron North America Corp with Deutsche Bank
Securities.  We do not have one currently in place and we have done a
significant amount of business with them in 2000  (included in top 10 for
8/2000 YTD in brokerage commissions).
Thanks. Sheila


Lauri,

Just wanted to follow-up.  Gerald and & I left you a voice mail last week
concerning the MDQ on the attached confirm.  We wanted to confirm that it was
correct as it seemed a little odd (i.e. a minimum MDQ of 15,000)

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886


I agree with your approach.  MHC

PS, I am out next week on vacation.  Call Twanda to arrange for assistance
while I am out, and she will refer you on.  Agreements will be done during my
absence; again, work with Twanda.  Thanks. Michelle

Amy FitzPatrick
08/10/2000 09:44 AM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Re: One Year Agreements

Basically, RD wants to hire someone and have that person make a one-year
commitment to the Company (this is someone that worked for them before and
left after a few months due to personal reasons).  Rather than doing any kind
of agreement, I have recommended to RD that we either do a signing payment
(full amount repaid if leaves within the year) or a retention payment as part
of the offer letter.

Are you comfortable with that?

Thanks!
Amy

Michelle Cash
08/10/2000 03:51 AM
To: Amy FitzPatrick/PDX/ECT@ECT
cc:
Subject: Re: One Year Agreements

Amy, we do put people under contract with a definite term; however, at the
end of that term, the employee converts to an employee at will.  We also hire
consultants for a fixed term, but a year-long period for an individual is
pretty long for a consultng position.  What is the situation?  Maybe we can
find an alternative.

Michelle

Amy FitzPatrick
08/09/2000 06:12 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: One Year Agreements

Michelle -

Do we ever do fixed term offers?  I got a question today from RD Hawkins as
LasVegas Cogen asking if we could hire someone for a one year period of
time.  I know we can do it in the UK, just not sure about the US.

Thanks!
Amy


FYI
---------------------- Forwarded by Steven J Kean/HOU/EES on 02/21/2000 10:06
AM ---------------------------

Kelly Kimberly@ENRON_DEVELOPMENT
02/20/2000 07:55 PM
To: Steven J Kean/HOU/EES@EES
cc: Michael Terraso/OTS/Enron@ENRON@EES
Subject: Re: European Trip Report 22-30 Jan 2000

Interesting timing for your question.  My take, after discussions with Terry,
was that she was brought on to handle the environmental side of sustainable
development, but that Palmisano was utilizing her for greenhouse gas related
issues since not much had occurred on the other front yet.  Burt Mike and I
learned last week that she actually reports to Palmisano--he is the one who
took her from consultant to employee status.  I spoke with John on Friday and
told him that I wasn't going to poach her now that I knew where she fit in
the scheme of things.

This actually solves a dilemma for me anyway.  As you know, I need a more
senior environmental person with good high level relationships with NGOs and
I didn't want her to feel slighted when I found someone.  Moreover, she has
just advised us that she and her husband are moving to San Francisco and
wants to telecommute.  This should work fine for John but I feel it is
important for my person to be in DC or NY.

Steven J Kean@EES
02/20/2000 05:25 PM
To: Kelly Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Terraso/OTS/Enron@ENRON
cc:
Subject: European Trip Report 22-30 Jan 2000

Is Catherine working on environmental policy related to sustainability or is
she working on greenhouse gas transactions . . . or both?
---------------------- Forwarded by Steven J Kean/HOU/EES on 02/20/2000 05:15
PM ---------------------------

Mark Schroeder@ECT
02/20/2000 06:51 AM
To: Steven J Kean/HOU/EES@EES
cc:
Subject: European Trip Report 22-30 Jan 2000

You do not need to real Catherine McKalip-Thompson's full trip report from
her European venture, but you did express some surprise that on her trip to
Europe she went beyond policy and discussed "busienss" or commercial
activities, as I recall our conversation.  her note below makes clear, to me,
that partnerships and investments were discussed with, inter alia, a Dutch
distribution company, Credit Lyonnais, and CGU (an insurer).  Just FYI.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 20/02/2000
12:51 ---------------------------

Catherine McKalip-Thompson@ENRON_DEVELOPMENT
31/01/2000 18:36
To: John Palmisano/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Schroeder@ENRON_DEVELOPMENT, Fiona Grant@ENRON_DEVELOPMENT, Terence
H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary J
John/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heather J
Mitchell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: European Trip Report 22-30 Jan 2000

John,

Attached is my trip report for Amsterdam, Paris and London - I've given the
contact information for everyone to Kathy to be entered in the database and
thank you notes are going out today.

The company meetings did not go quite as well as I might have hoped (Edon was
not so interested), but we need to discuss further the potential relationship
with Credit Lyonnais' effort to develop the "gap financing" fund.UNEP
conference not as billed but some contacts there such as Credit Suisse First
Boston and Gerling's Sustainable Development Company were useful as both are
quite interested in climate change business opportunities.  Also it provided
a chance to gather interesting updated info on current financial-sustainable
development metrics, links, funds, firms, etc.  Discussions with participants
in the UK Emissions Trading group were interesting and I now have several
working papers on this effort which I can distribute to anyone who is
interested (though Mark's group probably has them already but I'll check with
them directly on that). I did not get the chance to meet up with Nicola Steen.

Catherine


Nice

-----Original Message-----
From: Parks, Joe
Sent: Friday, March 29, 2002 9:09 AM
To: McMichael Jr., Ed
Cc: Zisman, Stuart
Subject: FW: Duke $

-----Original Message-----
From: Veariel, Robin
Sent: Friday, March 29, 2002 9:03 AM
To: Parks, Joe
Subject: Duke $

03/29/02            FINANCIAL STATUS FOR     03/29/02  10:02         PAGE   2
ACCOUNT:  40781075      ENRON N.A. CORP-ENA CASH SRV

20208846139 SAME DAY CR TRANSFER                                   2,735,550.05
            GID:C0020880869301
            CHP0073745
            REF:      0209100088JO
            BENEF REF:CAP OF 02/03/29
            ORDER:    009102771343 DUKE ENERGY FIELD SER
            VICES, LP. C/O DUKE ENERGY FIELD SERVICES IN
            C P O BOX 5493 DENVER CO 80217-
            ORIG BK:  0002 JPMORGAN CHASE BANK
            DETAILS:PAYMENT TO ENRON FOR SETTLEMENT
            OF STORAGE FEES DUE POST BANKRUPTCY.
            INSTRUCT DATE:03/29/02 ADVICE TYPE:NONE


I did not send one first thing this morning, however I did give the map to Michelle in the morning.  I told her I did not
fax one down this morning.  Sorry Steve didn't get his copy seems I can't win either way.  He will get one from someone.

DS

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Friday, October 05, 2001 9:41 AM
To:	Schoolcraft, Darrell
Cc:	Harris, Steven
Subject:	Gas Day Map

Darrell, we did not receive the gas day map this morning via fax.

Would you please make the necessary arrangements to have this document faxed to Steve every morning.  It is essential that we receive this on a regular basis.

Thanks in advance for your assistance,

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


I didn't know if the seat or the feet give out first.

From: Reagan Rorschach/ENRON@enronXgate on 04/23/2001 09:57 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Alive and Well

horizontal......my legs are too sore to stand

 -----Original Message-----
From:  Mann, Kay
Sent: Monday, April 23, 2001 9:56 AM
To: Rorschach, Reagan
Subject: Re: Alive and Well

nuttin from nobody

Congrats on the ride.  Are you standing up at your desk today?

From: Reagan Rorschach/ENRON@enronXgate on 04/23/2001 09:39 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Alive and Well

Kay,  I made it through the MS150 alive and kicking. I even rode with Jeff
for a few miles.

How are the comments flowing in?  I have not seen anything form anyone.
Christi N. said she would be done this morning.  I'll be calling everyone
else to find out how they are doing.

Reagan


Hi, Karin,

I had just signed on to suggest a few things:

--Mediterranean Pasta Bowls from Wm. Sonoma - set of 4, $30
--Swiss Army Knife
--Red or bright blue polarfleece top
--Always like pjs

Will try to come up with some other ideas today.    love, mum


Leslie Reeves is working on the Tom Gros project (let me know if you need
details on this).  She has asked for top 25 counterparties on EnronOnline.
In short, there is a new Texas law in the works that will allow for
electronic confirming of deals, and they want to determine if any of the top
25 are Texas companies so that we can pursue confirming deals
electronically.

Just wanted to get your approval before sending it on to her.

thanks
Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 06/14/2000 09:46
AM ---------------------------

From:  Jennifer deBoisblanc Denny
                06/14/2000 09:46 AM

To: Sheri Thomas/HOU/ECT@ECT
cc:
Subject: Commodity Logic

Attached is the top 25 deal count C/P for EnronOnline for US Gas & US Power.
This is what I will forward to Leslie Reeves once I get the OK from Louise or
Sally through you.

Leslie Reeves will be working with Mary Solmonson to identify which of these
counter-parties reside in the state of Texas.

Just let me know when I can forward this to Leslie.
Thanks.


Vice and Christie hello,

This is a followup to our previous invitation to attend
our next Wharton/ET event.? You can RSVP by replying
to this email - or - if you cannot attent, you're always
welcome to designate someone else.? There is no
limit on the number of attendees from your company.

___Yes I plan to attend
___No, I cannot attend
___Someone else from our organization will attend (name: ____)

Best regards,
Michael Tomczyk

MANAGING STRATEGIC PARTNERSHIPS?
FRIDAY APRIL 20, 2001 -- 8:30am to 400pm
Location - Room 1206 Steinberg-Dietrich Hall - WHARTON SCHOOL - Philadelphia

We have designed this conference as an insight-building event,
to present current industry experience from best practice firms,
as well as our most recent research findings on best practices
and strategies for developing and managing alliances,
mergers and high tech acquisitions.? We will include research in progress
from our ongoing long term studies on Alliances and Acquisitions.
This is part of our research activity and there is no conference fee.

The Emerging Technologies Management Research Program/Mack Center
is working to identify and develop best practices, competitive strategies and
management approaches for industry decision makers in industries that are
being
created or transformed by emerging technologies.

Our industry partners include: Bank of Montreal, Charles Schwab,
DuPont, Enron, General Motors, GlaxoSmithkline, Hewlett-Packard,
IBM, Independence/Blue Cross, McKinsey, NSA, Procter & Gamble,
Sprint, 3M and Xerox.

The agenda is included below and more information can also be found on our
website: ?http://emertech.wharton.upenn.edu .

Please call or email if you have any questions or comments about any aspect
of this event? - 215-573-7722.

AGENDA

MANAGING STRATEGIC PARTNERSHIPS
An insight-building conference including new Wharton research on
best practices and successful strategies for achieving corporate
growth through alliances, mergers and acquisitions.

Friday, April 20, 2001 - 8:30 to 4:30
1206 Steinberg-Dietrich Hall, Wharton School

Presented for our industry partners and guests by the
Emerging Technologies Management Research Program,
Mack Center on Managing Technological Innovation

Faculty Research Presentations by: ?
Harbir Singh, Paul Schoemaker,
Lori Rosenkopf, Phanish Puranam and Prashant Kale

Industry Best Practice Presentations by:
Sun Microsystems, Cybersource, Broadview and Pfizer.

AGENDA & CONFERENCE TOPICS

8:00-8:30 ?- ?Continental Breakfast and Informal Networking

8:30-8:45
Introduction: Strategic Partnering for Growth and Innovation

8:45-10:00
Managing Strategic Networking

10:00-10:30 - Break

10:30-11:30
Building Partnering Skills and Capabilities

11:30 - 12:00
Success and Failure Factors in Strategic Partnering

12:00-1:30
Working Lunch - Strategies

1:30-2:30
Small Group Reports

2:30-2:45 - Break

2:45-3:40
Managing High Technology Acquisitions

3:40 - 4:00
Summary of Key Insights and Future Research Goals

4:00 - Adjourn
__________________________________________

Directions:? Take a taxi to the corner of 37th and Walnut.? At that
intersection, turn left and take the broad walkway onto campus.? Turn LEFT at
the first intersection (you will see a lifesize statue of Ben Franklin
sitting on a park bench).? This is LOCUST WALK.? The Steinberg-Dietrich Hall
is the large brick building immediately behind "Ben" - if you turn left and
proceed down the walk you will come to the large entrance with cantilevered
steps on the RIGHT side of the walk.? The room iw Room 1206 and there is an
information desk straight back from the entrance, to guide you to the room.

If you are staying at the INN AT PENN, which is directly across the street
from campus on Walnut (between 36th and 37th) - take the WALNUT STREET EXIT
from the hotel (where the restaurant is), turn RIGHT from the entrance and
walk to 37th street, cross the street and continue onto campus following the
directions (above paragraph).

Wharton is 30-40 minutes from the airport, 10-15 minutes from the 30th St.
Train Station and about 15-20 minutes from most hotels in Center City.
--
Michael S. Tomczyk
Managing Director
Emerging Technologies Management Research Program
1400 SH-DH/6371
The Wharton School
Philadelphia, PA 19104-6371

Tel 215-573-7722
Fax 215-573-2129
website:? http://emertech.wharton.upenn.edu


Jeff:

Per Sue's request, attached is the matrix Masha Arefieva (works with Lisa Yoho) and I put together.  As Sue has probably told you, it is more of a "comprehensive snapshot" than a complete product.

We welcome your input.  Thanks!

Jennifer

 -----Original Message-----
From: 	Landwehr, Susan M.
Sent:	Friday, September 28, 2001 11:37 AM
To:	Thome, Jennifer
Cc:	Dasovich, Jeff
Subject:	PRM matrix

Jennifer--could you please send an electronic version of the matrix to Mr. Dasovich.  thanks.

Jeff--you'll note when you review the chart that we don't have anything on it regarding gas.  COuld you please provide Jennifer or me with into if you know it?  thanks.


Kevin,

Jon Hoff summarized the East Power positions in the attached spreadsheet.  If he did it correctly, I beleive it says that to purchase power from 12/27 through 12/31, you need a total of $18MM.  However, the $18MM includes $4.5MM for PJM and $5.5MM for Nepool, which we are working on seperate payment/prepayment terms right now (this assumes we purchase ALL Nepool and PJM power from the pools).  As such, what you need immediately is a little over $8MM for bilateral deals to prepay for power outside of PJM and Nepool for the period of 12/27 through 12/31.

In total, $18MM of power purchases will generate $20.5MM of receipts, or a little over $2.5MM net for the estate.

Question - this sheet shows Ameren is negative $194M over the three days. Are you serving to preserve a contract that turns positive later?

If this sheet is fair and accuarte, let me know and I will forward to Bowen and DeSpain tonight.  It probably makes sense to get on the phone on Monday with them and knock this out quickly.  I don't anticipate any problems.

Don
713-529-6280.


Attached for your review and approval are the press release announcing the
merger plan with Azurix and a Q&A document.  Both have been approved by Mark
Metts and Lance Schuler.  Pending signature of the merger agreement tonight,
we plan to release concurrently with Azurix before the market opens tomorrow
morning.

If you have any comments or changes, please call Mark Palmer at x34738 before
6 a.m. tomorrow.

Thank you.
Karen


i dont have dillon any more

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Davis

Stephen Davis and Cory Dillon for T.D. and Jerry Rice...

	Enron North America Corp.

	From:  Eric Bass                           08/29/2000 07:50 AM

To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Davis

Garner and Glenn for T.D. ?


Eric,
     I thought we were moving towards limiting the reference to the Withdrawn Partners solely to the attempt to reconstitute the old Partnership, by a simple modification to Paragraph 1.  I think it's still pretty fuzzy, don't you?  What was wrong with Duke's proposed changes?

Dan


Max,
I will try to make the conference call, but not sure I can.  My father-in-law passed away last night and I'll be in the Wichita Falls area tomorrow.  If I can't make it I'll try to call you before hand.
Thanks, Arnie

 -----Original Message-----
From: 	Brown, Max
Sent:	Tuesday, March 19, 2002 4:01 PM
To:	Pribble, Dan; Whippo, Jeff; Bailey, Arnie; Smith, Rick; Roensch, David; Gormley, John; Tarter, Steve; Chanley, Earl; Kunkel, Laura; Graves, Jerry; Schoolcraft, Darrell; McCracken, Mike
Cc:	Nelson, Mike; Johnson, David L.; Crump, Michael; Haug, Steve; Brassfield, Morris; Geheb, Robert; Navarro, Silvia
Subject:	TW 2002 Integrity Plan - Conference Call

Gentlemen,

Attached is the latest draft of the proposed 2002 Integrity Plan for TW.  I would like to set up a conference call to further discuss and nail-down if at all possible.  The call is set up for Friday March 22 @ 2:00 PM CST.  Call in number is 1-877-795-3687 (718625).

Max

 << File: TW 2002 Integrity $$.xls >>


No ISDA for Mitsui Corp.  Below is the link which should enable you view
access to the Financial Trading Agreement Database.  You can forward this
email with the link to any member of your team and they will then have the
link which will get them access to the database.

Link -->

	Laurie Mayer
	05/30/2001 08:26 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT
		 Subject: ISDA(s) with Mitsui Corp.

Tana, would you be able to check on Mitsui Corp. ISDAs for us?  Thanks.  If I
can access the database please let me know.
Laurie
----- Forwarded by Laurie Mayer/HOU/ECT on 05/30/2001 08:24 AM -----

	Jane McBride@ENRON
	05/29/2001 08:56 PM

		 To: Nony Flores/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT
		 cc:
		 Subject: ISDA(s) with Mitsui Corp.

Above company has approached us re an ISDA with them, they have also told us
that they have been negotiating ISDAs with Enron London and Enron Singapore
for some time.

**************

Laurie/Nony,

I wonder if you can find out for me from the data base, what the status is
with Mitsui Corp. ISDAs re all Enron companies?

***************

Alan,

Mitsui Corp has hinted that it doesn't want to have separate ISDAs with
separate Enron entities.  What is Enron's usual approach to this I wonder.
Seems to me that from the customer's perspective, this makes sense.  I wonder
what sort of internal issues this raises though.

**********************

Thanks all.

Jane


Here is the latest version that I have.
Lisa

 -----Original Message-----
From: 	Hendrix, Chris
Sent:	Monday, July 30, 2001 9:20 AM
To:	Gahn, Scott; Sharp, Vicki; Long, Chris; Yoho, Lisa; James D Steffes/HOU/EES@EES; Taylor, Mark A; Keller, James; Fruge, Dwight; Raislerk@sullcrom.com
Subject:	CFTC Presentation -- Draft

Attached is a revised draft of the CFTC presentation.   Additional notes have been added to most of the slides.  The RAC slide (slide #7) has been created.  Dereg map (slide # 15) was updated by Reg Affairs.

Chris


Dave,
	How are you?  I hope all is going well with your new job.  I'm sorry we won't be able to meet this Friday.  Can I call or e:mail you to set-up another time?

I'll look forward to seeing you soon.

Thanks,
Lindy

-----Original Message-----
From: david.a.foti@accenture.com [mailto:david.a.foti@accenture.com]
Sent: Tuesday, October 30, 2001 10:01 AM
To: Donoho, Lindy; Harris, Steven
Subject: RE: ECS Contract Review & New Idea

Sounds good.  This Friday, mid-morning or later would be best for me.

David A. Foti
Accenture
2929 Allen Parkway,  Suite 2000
Houston, Texas 77019
713/837-1997

            Steven.Harris@enron.c
            om                           To:     David A. Foti/Internal/Accenture@Accenture
                                         cc:     Lindy.Donoho@enron.com
            10/30/2001 09:39 AM          Subject:     RE: ECS Contract Review & New Idea

Dave,
     If possible, I would like for you to sit down with Lindy and a few
folks from our group who have been looking at this. I want to make sure
that it would be an efficient use of your time and that we would not be
duplicating anything. I will have Lindy contact you so we can set something
up and then move forward as necessary. Thanks.
     Steve

    -----Original Message-----
   From:   david.a.foti@accenture.com@ENRON
   Sent:   Tuesday, October 30, 2001 7:20 AM
   To:     Harris, Steven
   Subject:  ECS Contract Review & New Idea

   Steve -

   I worked it out so you will be getting the lowest possible rate for my
   time, $175/hour (normal rate is $350).  I would like to send you an
   engagement letter this week for up to 3 weeks or 120 hours ($21k).  I
   think
   we can get it done in less time but the 120 hours provides some
   flexibility
   if we decide to go deeper on something -- we would only charge you for
   the
   hours we use.

   I am visualizing the deliverable as an analysis of your restructuring
   options as well as the NPV, Income, and operational effect for each.  To
   the extent time allows, I will be able to help negotiate and close
   whatever
   option you choose.

   In order for me to offer our preferred rate, it is important to note
   that I
   would need to be able to do this project on somewhat of a flexible basis
   (e.g. Friday meetings, emails, and phone vs. being on-site 3 weeks
   full-time).  Even with this flexible structure, I feel confident that we
   can have the deliverable complete by mid December.

   Please let me know if it is ok to draw up an engagement letter with
   these
   terms.

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

   As for the new idea ----

   I have been spending much of my time lately helping merchant power
   generators think about ways to leverage the value of their asset
   position/market intelligence.  It occurred to me that there is an
   analogy
   here that relates to pipelines.

   Pipelines have operational "events" that may have  market effects:
       Unplanned outage  (major/minor/duration/notice)
      Planned outages over a certain volume
      Operation flow order/ SOLs
      Key Plants backed in
      Takes over schedule volumes key points
      Linepack levels
      Pressure drops at key points

   Since the pipeline is exposed to gas prices through  gas needed for
   operational purchases - it is rationale that these phenomena would  be
   studied and acted (read traded) upon in order to minimize TW's market
   risk
   (read generate income).  TW can setup a risk management group to execute
   this idea. It is not unusual for a pipeline to  have a risk management
   function -  Duke Pipeline for example has a VP of  Risk Management for
   Pipelines.

   These "events" would be studied in the follow way -

   1. Determine whether there is a correlation between  an  "event" and gas
   prices/basis differentials. - based on historical  data.
   2.  For those events that have a strong  correlations, develop a trading
   strategy around the relationship.
   3.  Back-test the trading strategy against  historical data - determine
   profitability.
   4.  For operational "events" that are  applicable, setup a system to
   execute program trading that is directly linked to  SCADA.

   Secondary benefits of this risk management (trading) strategy, would be
   developing the expertise to make decisions related to benefits of
   selling
   the capacity physical vs. through basis derivatives. (or some
   combination
   of both)

   Steve, if you are interested in this idea I can  start drawing up a
   workplan for this study.

   Dave

   David A. Foti
   Accenture
   2929 Allen Parkway,  Suite 2000
   Houston, Texas 77019
   713/837-1997

   ----- Forwarded by David A. Foti/Internal/Accenture on 10/30/2001 06:50
   AM
   -----

               David A. Foti
                                            To:     Steven.Harris@enron.com
               10/27/2001 04:13 PM          cc:
                                            Subject:     Contract Review &
   $20 MM RCM

   Steve -

    I have some ideas related to ECS contract restructuring options.  If
   your
   team is available I could come by next Friday mid-morning or later  to
   start discussing  with them.

   On the administrative side, I am working to nail down the lowest hourly
   rate I can get for you.  I would probably propose something like 80
   hours *
   rate, in the engagement letter.  This amount of time should be adequate
   to
   put together a short study on your different options.  I will send you a
   engagement letter this week.  I would just need to get that signed by
   you
   before Friday.

   Also, please let me know if you need any other information on the
   Reliability Centered Maintenance idea, as you prepare to talk to the
   other
   officers.

   Dave

   David A. Foti
   Accenture
   2929 Allen Parkway,  Suite 2000
   Houston, Texas 77019
   713/837-1997

               Steven.Harris@enron.c
               om                           To:     David A.
   Foti/Internal/Accenture@Accenture
                                            cc:
   Audrey.Robertson@enron.com
               10/11/2001 10:56 AM          Subject:     RE: TW Earnings
   Idea - Twist on ECS Deals

   Sounds great. Just check with Audrey (3-5849) and she can put you on my
   calendar. I am out all of next week. Thanks.

        Steve

       -----Original Message-----
      From:   david.a.foti@accenture.com@ENRON
      Sent:   Wednesday, October 10, 2001 3:52 PM
      To:     Harris, Steven
      Subject:  TW Earnings Idea - Twist on ECS Deals

      Hello Steve -

      Haven't talked to you in a while, hope all is well.  A quick update -
   I
      moved over from EES to Accenture's Energy group about six months ago
   and
      have been focusing on Trading and Risk Management & Pipeline
      Optimization
      projects.

      I had an idea which I thought you might find interesting.  Accenture
   has
      a
      strategic alliance with a technology provider for Reliability
   Centered
      Maintenance (RCM) -- basically an advanced methodology & technology
   for
      making maintenance decisions.  They are the standard for electric T&D
      companies and are now trying to move over into the pipeline segment.
      This
      is how I was thinking about using them to structure a deal:

      1.  TW hires Accenture to implement RCM
      2.  RCM Benefits are determined by a pilot project (4 weeks)
      3.  Accenture pays TW upfront for 10 years of projected benefits from
      RCM
      (say $20MM) as part of our "guarantee"
      4.  TW pays Accenture an annual licensing fee for the use of RCM over
      the
      next 10 years which will flow into the next rate case.

      I am currently pursuing another project with Ben Asante, so I am
   around
      the
      Enron building.  Let me know if you would like to get together to
      discuss
      further.

      Hope all is well.

      Dave
      713-252-9061 (mobile)

      David A. Foti
      Accenture
      2929 Allen Parkway,  Suite 2000
      Houston, Texas 77019
      713/837-1997

      This message is for the designated recipient only and may contain
      privileged or confidential information.  If you have received it in
      error,
      please notify the sender immediately and delete the original.  Any
   other
      use of the email by you is prohibited.

   **********************************************************************
   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.
   **********************************************************************

   This message is for the designated recipient only and may contain
   privileged or confidential information.  If you have received it in
   error,
   please notify the sender immediately and delete the original.  Any other
   use of the email by you is prohibited.

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.


The Analyst and Associate Program recently began utilizing one central system for our pool information.  We are now in the process of verifying all pool members rotation information for reporting purposes.  Please respond as soon as possible with:

Your rotation end date
				       (mm/dd/yy)

Your cost center number

Thank you,

Career Development
Lisa Jones 3-5213
Andrea Richards 3-6499
Karen Davis 5-8327


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/09/2001
10:37 AM ---------------------------

	From:  Larry Joe Hunter                           02/09/2001 08:50 AM

To: Kam Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT
cc: Ellen Wallumrod/NA/Enron@ENRON, Richard Deming/NA/Enron@Enron
Subject: CoEnergy Trading Company

Please forward to Ellen Wallumrod the MTM valuation(mini-book) for all
CoEnergy Trading Company deals as of Dec 31, 2000.  If you can export into
excel and forward by e-mail, that would be appreciated.

Thanks,
Joe


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 - AEP TRO Order.PDF


Iain:

We went and looked at the Toshiba copier on the 32nd floor and while it
does not appear to be extremely fast, I believe it will work for the 19th
floor.  I spoke with Vince Kaminski and he agreed with our getting this
copier.

We noticed this copier has a button that says "Network connection"
and were wondering it this copier could be hooked up to the network and
we could run copies from our computer?  Please let us know.

Thanks for all your help and have a wonderful Christmas and New
Year!

Shirley
Co# 0011
RC# 100038

Copier Information Including Pictures & Weblinks
From: Iain Russell on 12/17/99 10:47 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: New Copier Information for 55, 60 & 65 CPM Digital Machines

Shirley ,

Following up on the telephone conversation, please see the attached
spreadsheet for pricing information PLUS important information about "True
World" copy speeds.

Pricing was centered on the 42.315K per month volume band so that you can get
a good feel for copier expenditure based on average month volumes. I have
left the spreadsheet "unprotected" so that you can play with the volume
figures and see how this changes the price overall + how the "Cost Per Image"
is affected by volume changes.

? Pricing Spreadsheet: Under "NOTES" towards under the pictures.

The "True World" copy speed information has been supplied by Buyers Lab
Incorporated, which is an independent testing house that rates office
equipment, including copiers and publishes their findings on a quarterly
basis. Unfortunately they have not released their findings on the Canon IR550
as testing is not yet complete.

? Copier Speeds: @ the end of the Notes-Mail
{These include 1-1, 1-2 and duplexing + detail on completion of "sets"}

As you will see, duplexing speeds are widely different across the various
manufacturers equipment & the "True World" copy speeds are a soft $ expense
which impacts the true cost of running a copier.

**********************************************

Listed below are the URL's for the different 55, 60 & 65 CPM B/W copiers.

A) Overview
B) Specifications

**********************************************
FROM LANIER
Ricoh Equipment
55 copies per minute

A) & B) WEBLINK for machine Specifications -->Click here--->
http://www.lanier.com/ps/copiers/5255.html

*******************************************
65 copies per minute

A) & B) WEBLINK for machine Specifications -->Click here--->
http://www.lanier.com/ps/copiers/5265.html

**********************************************

FROM DANKA
Canon Equipment {IR550}
55 copies per minute

LOOKS LIKE:--->

WEBLINK for machine Specifications -->Click below:
A) http://www.usa.canon.com/corpoffice/netofficesys/ir550/ir550fea.html
B) http://www.usa.canon.com/corpoffice/netofficesys/ir550/ir550spec.html

******************************************************************************

Canon Equipment {IR600} >>Currently on 45 day backorder<<
60 copies per minute

LOOKS LIKE:--->

WEBLINK for machine Specifications -->Click below:
A) http://www.usa.canon.com/corpoffice/netofficesys/ir600/ir600fea.html
B) http://www.usa.canon.com/corpoffice/netofficesys/ir600/ir600spec.html

******************************************************************************
Toshiba Equipment
55 copies per minute

WEBLINK for machine Specifications -->Click below:
A) http://www.toshiba.com/taiseid/copiers/5570/features.htm
B) http://www.toshiba.com/taiseid/copiers/5570/spec.htm

*******************************************
65 copies per minute

WEBLINK for machine Specifications -->Click here -->
A) http://www.toshiba.com/taiseid/copiers/6570/features.htm
B) http://www.toshiba.com/taiseid/copiers/6570/spec.htm

**********************************************

Notes

Here is the PRICING SPREADSHEET for your records: -->

The highlighted rows on the spreadsheet reflect you current average monthly
volume.

FYI --> Target CPI or Cost Per Image is in the region $0.017 up to and
including $0.023.

Copier Model Monthly Volume Capacities
Model        Manufacturer Max Rec/Level  Realistic Level {Up to}
Toshiba 5570     340K        115K
Toshiba 6570     400K        135K
Lanier 5255 {Per Rep.}   200K                       100K
Lanier 5265 {Per Rep.}   200K                       100K
Canon IR550    200K          100K
Canon IR600    250K          100K

FYI: We currently have a Toshiba 6570 @ EB32K1 that is averaging 69,332
images per month with the top month producing 86,673 images and a Toshiba
5570 @ EB3080 area that is averaging 39,309 per month. Both of these machines
are in the Enron North America Trading environment.

The copiers quoted are all "Digital".
Digital: Scan once print many = 99 copies of one sheet? 1 Scan!
Analog: Scan for every image made = 99 copies of 1 sheet? 99 Scans = Possible
noise issue.

Copier Speeds = Total print time
This comparison gives the speed @ which the document set is printed
{No Staple, No 3-hole punch}

>>>>> 60 & 65 Copy per Minute machines <<<<<

**********************************************
>>>>> 55 Copy per Minute machines <<<<<

**********************************************
Please call me with any questions.

Thanks,                Iain Russell @ 713-853-6861
Contracts Supervisor Administration
Enron Property & Services Corp.

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John can you give me some feedback on this before it goes.  I am waiting on
input from Rick concerning the Vintage deal.


Thanks very much for taking care of the case.  See you tonite.


Have a great weekend.

JP

 - Book1.xls


Frank,

No problem.

I hope everything will go OK at the interview.

Vince

Frank Qian <fqian@andrew.cmu.edu> on 11/29/2000 11:38:55 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Resume

Hi, Mr. Kaminski:

I got in touch with Kevin and he is coming on 12/12 to interview everybody
in the class. That solves my concern. I am sorry that I sent you a false
alarm.

Regards,

Frank


Thanks for the info...you are a wealth of knowledge.  As for the jokes, I am
very afraid and yet undaunted.

Do me one last favor and tell Darren I said he's a real funny guy and that
there will, at some point, be appropriate pay-back.

Ted Noble
08/02/2000 01:01 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: And this one time at band camp...

I just don't know where to start with the last couple of sentences so I will
let any jokes pass for now but be afraid.  As for the people on the list, I
know them as follows:

John Massey: SMU, UT b-school, emissions trader and a funny guy - spent a few
drunken nights with him and he lives in your complex
Milind Pasad: India, UT b-school, really nice guy but no drinking or meat
eating (he drove me to get my car on Monday)
Kevin Ruscitti: UCLA mba and trades gas, nice guy
Claudio Riberto: works in my old group with Milind, very smart MIT mba nice
but quiet

I hope this helps and if you have any other questions, just let me know you
little hottie.

Susan M Scott
08/02/2000 10:14 AM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: And this one time at band camp...

Hey,

I know you are monumentally busy this week, but if you get five minutes today
shoot me back an email and let me know if you know any of the Associates
below.  They are all going to be at the dinner tonight so any info that would
boost my B.S. factor would be much appreciated.  I seem to remember you
mentioning John Massey on a couple of occasions but I have, albeit very
rarely, been known to be wrong.  Hope your day is going well and that you
aren't having to carry Darren too much.

Evan Betzer
Jay Epstein
Bill Keeney
John Massey
Milind Pasad
Kevin Ruscitti
Jennifer Adams
Farzad Farhangnia
Gautam Gupta
Claudio Ribeiro
Doug Sewell

-- I finally watched the movie last night.  I laughed, I cried...it became a
part of me.  Honestly though, it was a very funny flick.  So did John or
Fritz pass along the "Bible" to you?  (Whoever it was you can thank them for
me.)


Louisiana Pacific,  Deal # 421598 is ramping down from 7 mw's to 2 mw's,
leaving us 5 long PGE deal # 268656.

The start of the ramp down is HE18 pst on 12/23, and will stay ramped down
through HE 2100 on 1/1/01.  They are returning to their full 7mw starting HE
2200 on January 1.

Real Time:

Please sell 5 mw's beginning HE 1800 on 12/23 through HW 2400 12/26. This is
Portland@Colstrip, deal #268656. Enpower accurately reflects this length.

on 1/1/01, sell the same 5 mw length, same deal number, from HE 0100 through
he 2100.

Preschedule: We will reduce our preschedule by the 5 mw's for 12/27 through
12/21, but will schedule the full 7 mw's for 1/1/01, at which time we will
need to remind real time that this length is there.


Oman LNG is now taking a 5-person delegation, including 2 relatively high
level government officials, to Bombay to have dinner with DPC on Friday and
to meet formally on Saturday.  The Denton Hall lawyer that represented Oman
in the LNG negotiations, will also be there.

Clay is in Australia and cannot attend, but I will be there for both the
dinner and the meeting to manage/referree the discussions.  I will return
Saturday night and will visit Adgas/Adnoc on Sunday to update them.

Rick


Jeff,

I cannot interview Howard on Tue (business trip).
I think the organization is very interested in him.

I don't know what  "illicts your attention" means.

Vince

"$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com> on 02/16/2001 03:02:36 PM
Please respond to "$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com>
To: Vince.J.Kaminski@enron.com
cc:
Subject: Howard Confirmation

Hi Vince, I'm on vacation from Friday (today) until Tuesday. Rachel/London
sent me this confirmation last night and think it illicts your attention- Did
they get it right to meet you satisfaction? I hope your interview goes well
with Howard too. It's all set.

Any feedback on the guys from Ford Credit and Citigroup/Oxford University? I
own them outright- no other firms involved! FYI: My fees are always much less
on these candidates (exclusive ownership by myself) as there are no middlemen
involved from these "other firms". I luckily have been attracting very
talented candidates with just doing business "as myself" rather than MRI. I
am very encouraged. Please check them out, Vince... as you know- I always
send you them first then on to my other clients -if you reject them.
Bye Vince, Thank you for the business!
Jeff
PS- Use my cellphone if you want me (the next 4 days) for anything; I'm here
for you- 949 813 2241

*******************************************************
Candidate's Name: Howard Haughton

Date of Interview: Tuesday 20 February 2001

Time of Interview: 2.00pm

Interviewers: David Weekes Enron Credit Sales
& Marketing
                         Mark Leahy Enron Credit Sales &
Marketing
                         Bryan Seyfried Enron Credit Executive
                         Markus Fiala Enron Credit Trading
                         Robina Barker-Bennett Enron Credit
Syndication
                         Ted Murphy Executive RAC

                         Each interview will be approximately 45 minutes.

Address: 40 Grosvenor Place
                         London
                         SW1X 7EN

Switchboard: 020 7783-0000

Closest Tube/Train Station: Victoria

To ask for: David Weekes at main reception

Location Map attached
                         (See attached file: Location Map.pdf)

I will take this as confirmed unless I hear otherwise from you. If you
would like to discuss this please contact me on 020 7783 5677.

Regards
Rachel Quirke
Human Resources

*  Get free, secure online email at http://www.ziplip.com/  *


The 15th looks fine.  The 23rd and 24th are already holidays.  As for the
22nd, please coordinate with the other legal assistants to make sure we will
have coverage that week.

Susan Flynn
09/30/99 09:55 AM
To: Mark E Taylor/HOU/ECT@ECT
cc:
Subject: Vacation

 I would like to take November 15, 1999 and November 22 - 24, 1999 as
vacation days.   Please let me know if this meets with your approval.
Thanks!


There is a new forwards detail in excel queries directory called "Forwards Detail_with_instr_dt". It is the same as Forwards Detail_old except it includes a column for deal entry date. Thanks.

Scott


Alfred Pennisi and myself will arrive Houston Wed 9/13 and leave Friday. Al
Pennisi is in charge of operations for NY futures/swaps and I head up the
group. Our objective is to meet with each of you or anyone else that can help
us provide/expand internal and external client services for regulated and
nonregulated futures and forwards. We are a U.S. regulated commission house
purchased by Enron Europe through MG London/Enron Trading Services Inc.

Clearing futures exchanges
Combined margin and cash management efficiencies
Broker service across all commodities/financial
Our current client base--- commercial and funds
Meeting desk heads who trade futures
Integrating Enron Net Works/Enron On Line into services and clients
Enron documentation/access for web based non metal
Enron documentation for swaps/OTC non metal
Credit issues --- outside of Metals
Regulation and Govt relations
Fund or Alternative Investment opportunities ---  CTA/CPO
Cross origination opportunities with our clients

Regards
Craig Young
800-932-2343
212-715-2342
917-860-1786
520 Madison Ave
28th Floor
New York, NY 10022