----- Forwarded by Jeff Dasovich/NA/Enron on 03/02/2001 10:45 AM -----

	Lynnette Barnes
	03/02/2001 09:36 AM

		 To: Tom Chapman/HOU/ECT@ECT, Marchris Robinson/NA/Enron@Enron, Bill
Moore/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, Frank
Rishe/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Daniel
Allegretti/NA/Enron@Enron, Gloria Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robert Frank/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron, Ron
McNamara/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Stacey Bolton/NA/Enron@Enron, Patrick
Keene/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roy Boston/HOU/EES@EES,
Barbara A Hueter/NA/Enron@Enron, bmerola@newpower@EES, Susan M
Landwehr/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, bmerola@newpower.com,
Geoff Duda/HOU/EES@EES, kmagruder@newpower.com, pbray@newpower.com,
sbertin@newpower.com, scovino@newpower.com, treichel@newpower@EES, Robin
Kittel/NA/Enron@Enron, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RDI - Ca Island won't work


The StockBottom.com Newsletter          Thursday 06-07-2001 1 of 1
"The Successful Stock Trader's Edge"

Copyright , 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

Posted online for members at: http://www.StockBottom.com

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
To stop receiving this StockBottom Update,
send email to remove@stockbottom.com

To view this email newsletter in HTML format with imbedded
charts and graphs, click here:
http://www.stockbottom.com/htmlemail/3541_1.asp
=================================================================

In this newsletter:

Market Wrap: Chip Fest 2001
Definition of The Day: Buying Power
Sector Watch: One support alert was hit Thursday...
Play of the Day: FOE

-----------------------------------------------------------------
MARKET WRAP
===========

Chip Fest 2001

Intel (NASDAQ:INTC +1.32) gave its first-ever mid-quarter update
just after the bell, reaffirming second quarter guidance and
suggesting stronger earnings in the second half.  The company said
that second quarter sales would be at the lower end of the
expectations, but within expectations at least, as the world's
largest semiconductor maker struggles with a slowdown in PC sales.
Shares of semis were moving up in response during after-hours trading.

The company has been pummeled by weak demand for microprocessors
in the current economic downturn.  When it reported first-quarter
earnings, however, Intel had said it saw "encouraging" signs for a
stronger second half. This was despite first-quarter net income
plunging 82 percent on a 16 percent decline in sales.  Shares of
Intel have fallen 59 percent since its record high of 74.88 in
August, compared to the Nasdaq Composite index (COMPX) fall of 47
percent during that time period.  Intel gained 4.43 percent to
31.16 today during regular trading.

During the day, positive expectations about the Intel report
helped spark a rush to buy semiconductor shares.  In addition,
despite a weak earnings forecast from National Semiconductor
(NYSE:NSM +3.10) for the next quarter, the company commented in
its conference call that the improvement in the quarter has come
from quick-turnover orders from cell phone companies.  As a
result, the rally spread to stocks such as Qualcomm (NASDAQ:QCOM
+2.42), Nokia (NYSE:NOK +1.24), and Motorola (NYSE:MOT +0.74).
Applied Micro (NASDAQ:AMCC +1.93) led the communication IC stocks
higher.  C.E. Unterberg Towbin analysts left a meeting with the
company with the notion that near-term order cancellations, push-
outs, and de-bookings had nearly evaporated.  That news also lit a
fire under PMC Sierra (NASDAQ:PMCS +4.65).

Also, last night the Semiconductor Industry Association projected
20.5 percent growth in 2002, which was revised upward from 10
percent, and 25 percent for 2003.  The revision may indicate that
a bottom is near in the sector.  Corroborating that view was Banc
of America Securities, which said that "motherboard checks"
(sounds like fun) at Computex in Taiwan showed positive
indications for the third quarter.  They also noted that
conversations with four large Taiwanese manufacturers showed an
increase in OEM activity.  The Semiconductor Index (SOXX) has
jumped 19 percent since last Wednesday,s low of 578.40.  It,s now
at 697.04 ) a 7.7 percent gain today ) just beyond its pivotal
200-day moving average, which last month acted as strong
resistance that turned back the index nearly 20 percent.  Can it
move through it this time?

All of the action today was on moderate volume, which showed some
caution ahead of the Intel comments.  But when the dust settled,
the tech-bound Nasdaq Composite index (COMPX) picked up 46.27
points, or 2.09 percent, to reach 2,264.  The S&P 500 (SPX)
bigcaps were up 6.93, or 0.55 percent, to 1,276.96.  And the Dow
Jones Industrials (DJI), after being underwater this morning,
closed up 20.50 points, or 0.19 percent, to 11,090.74.

In other tech news, chipmaker Broadcom (NASDAQ:BRCM +4.67) warned
of a steeper-than-expected sales decrease in its second quarter
and announced cost cutting plans.  The company slashed second-
quarter revenue expectations late yesterday, citing continued
weakness in the technology sector.  Nonetheless, Broadcom said in
its conference call that it saw signs of increasing new orders
that may well lead to renewed growth by year,s end.

Discouraging news from the retail sector came in today.
Unseasonable weather in the Midwest and Northeast lowered clothing
purchases in May, and high fuel prices and consumer concerns about
the economy reduced mall traffic, resulting in slow monthly retail
sales.  Large retailers including Gap (NYSE:GPS +0.61) and
Federated Department Stores (NYSE:FD )1.90) warned of additional
weakness in sales and/or earnings.  Also, Pacific Sunwear
(NASDAQ:PSUN )0.78) was downgraded.  All in all, it seems the
overall same-store retail sales pickup in April may not have been
the precursor to recovery that was thought.  Nonetheless,
electronic retailers were up today, partially due to good news out
of Best Buy (NYSE:BBY +2.38), which posted a 25 percent increase
in Q1 sales and said that quarterly earnings would be in line with
estimates. This news also sparked Circuit City (NYSE:CC +0.44), up
2.81 percent, and Radio Shack (NYSE:RSH +0.81), up 2.89 percent.

Shares of Philip Morris (NYSE:MO )1.48) and other tobacco stocks
started to plunge in after hours trading yesterday after an L.A.
jury ordered a record $3 billion payout to a smoker with incurable
lung and brain cancer.  Nonetheless, analysts -- and even
antismoking activists -- said the verdict likely would be reduced
by the judge or overturned on appeal.  Philip Morris closed off
its lows for the day to lose 2.96 percent at 48.52.  R.J. Reynolds
(NYSE:RJR )3.19) was down further, though, at 5.42 percent, to
55.69.

In other news, banking regulators said U.S. commercial banks
earned a record $19.9 billion during the first quarter.  This
number was "padded" by $1.2 billion worth of securities sales,
however, which masked more fundamental concerns about the sector.
The Federal Deposit Insurance Corp. added that troubled commercial
and industrial loans continued to increase, especially at larger
banks, and interest rate margins continued to decline.  Banks
charged off $7 billion in bad loans in the first quarter, a 38
percent rise from the same period last year.

New state jobless claims rose to the highest level since November
1992, last week, revealing a still weakening job market, which may
not have bottomed yet.  New claims soared above the key 400,000-
level for the third straight week ) the longest string since
September of 1992.  Economists had expected a modest drop in
claims from the prior week.  Here comes the Fed?

Treasury prices gained early as a result of the aforementioned
jobless claims report that raised expectations of further interest
rate cuts by the Federal Reserve.  Then they weakened, as the 30-
year bond ) the most vulnerable to a potential inflation-igniting
recovery ) shed 31/32 at 95 5/32, with a yield of 5.72 percent,
for a gain of 7 basis points.  The 10-year Treasury lost 11/32 at
97 24/32, to yield 5.30 percent, a pickup of 5 basis points.  The
5-year note dropped 4/32 at 99 1/32 to yield 4.85 percent for a
gain of 3 basis points.  Finally, the Fed-sensitive 2-year note
was flat at 100 9/32, for a yield of 4.10 percent.

For Tomorrow:

There is a gap between what Intel is saying about the future and
what it,s box-maker customers are saying.  Who,s right?  We,ll be
watching to see how this plays out tomorrow.  See Intel run.  See
the market react.

Bruce Feldman
Staff Analyst
www.stockbottom.com

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======================
Definition of The Day:
======================

Buying Power

Buying power has many forms but the most basic definition refers
to institutional sized accumulation or distribution over a long
period. BOP tells you whether the underlying activity in a stock
is characterized by systematic buying or selling.

Go to
http://stockbottom.com/glossary/viewglossary.asp?glossaryid=51
for complete definition.

-----------------------------------------------------------------
Sector Watch:
=================================================================

As of Market Close ) Thursday 06/07/2001

One support alert was hit Thursday.  The Airline Index
(XAL) was unable to pull out of its nose dive in time to
prevent a support alert from being hit.  I doubt we'll see
any support alerts being hit in technology sectors in the
near future after Intel's postive guidance.  Lowering
support (XAL).

                                  Key Benchmarks
Broad Market           Last     Support/Resistance   Alert
***********************************************************

DOW   Industrials      11,090      10,650  11,400
SPX   S&P 500           1,276       1,240   1,385
COMPX NASD Composite    2,264       2,050   2,400
OEX   S&P 100             658         640     690
RUT   Russell 2000        514         480     520
NDX   NASD 100          1,963       1,760   2,250
MSH   High Tech           615         525     690

BTK   Biotech             649         520     710
XCI   Hardware            880         740   1,000
GSO.X Software            240         210     260
SOX   Semiconductor       697         540     765
NWX   Networking          440         338     570
INX   Internet            217         180     260

BIX   Banking             664         620     680
XBD   Brokerage           523         475     620
IUX   Insurance           766         750     850

RLX   Retail              906         875     975
DRG   Drug                411         390     456
HCX   Healthcare          847         800     890
XAL   Airline             145         132     168
OIX   Oil & Gas           338         325     375      **

-----------------------------------------------------------------
For a description of how to interpret "Sector Watch" or if you
have problems with your E-mail service stripping out formatting
spaces use this link for the Web site graphic version:
http://www.stockbottom.com/sectorwatch/060701_1.asp

Copyright , 2001  StockBottom.com.
Do not duplicate or redistribute in any form.

-----------------------------------------------------------------

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===============
Play of The Day (Long)
===============

FOE - Ferro Corp. $22.54 +0.23  s/l $21.00

Ferro Corporation is a worldwide producer of performance materials
for manufacturers. The Company's portfolio of products includes
coatings for ceramics and metal, electronic materials, pigments,
fine chemicals and polymer additives, specialty plastic compounds
and colors. The Company's materials are used in a wide variety of
markets. These include building and renovation, major appliances,
household furnishings, transportation and industrial products.
Ferro's products are sold principally in the United States and
Europe, however, operations extend to the Latin America and Asia-
Pacific

Tonight, we add a small cap company in the chemical group to the
play list as a long. Since the beginning of the year, the Russell
2000 index of small capitalization companies has turned in a 5+%
positive return while the Nasdaq Composite is sitting with a 10%
loss. Looking at the S&P Chemical Index (CEX.X), buyers have
obviously been stepping up to the plate, with the index tacking on
an impressive 13+% gain since the beginning of Q2 alone. What
makes Ferro even more appealing is the fact that the group has
pulled back from gains of 20+%, retracing all the way back to the
20-dma; but bounced firmly off this support point last Friday, and
advancing 3.6 points or 0.8% today. Fundamentally speaking, Ferro
is experiencing weaker profits like the rest of the world, but did
manage to grow revenues 5% sequentially as reported in its last
earnings report on 4/24. The company posted revenue of $370.7
million and net income of $14.0 million or $0.37 cents per share
as compared with $0.48 in the first quarter of 2000. In a press
release, the firm's CEO, Hector R. Ortino, discussed several cost
cutting measures to assist in the earnings battle including a
program to reduce employment costs on a worldwide basis by more
than $12 million annually. When the markets are to fully recover,
deep cyclicals like FOE, as well as others in the group will need
to lead the way. While the stock was recently downgraded by
McDonald / Key Corp., we like what we see on the chart. Shares
have broken out of a trading range between $20 and $21.50, and
have done so on volume numbers that are far above average. With
the exception of some small speed bumps in the road, there really
is very little to stop FOE from making an attempt at a new 52-week
high ($24.70). Participation was a bit light today, however. MACD
sits firmly above the trigger line, as well as in positive
territory. As for an entry point, with $24.70 being a nice gain
from here, we see no reason not to get on board now. The more
conservative, really an oxymoron when talking about a chemical
stock, may want to wait for a pullback and bounce off of the
$20.00 to $20.15 level, if it happens.

Average Daily Volume = 125K
52-week: High = $24.70 Low = $17.62
Next Earnings 07-24 est = N/A versus = N/A

Chart= http://www.stockbottom.com/charts/charts.asp?symbol=FOE

DISCLAIMER
==========

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of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of StockBottom.com may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
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staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.

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Congratulations Kathleen and Peter.  This ought to make this week's ARM
meeting, well, sort of interesting.

Viva New Power!

Best,
Jeff

	"PennFuture" <pennfuture@pennfuture.org>
	11/03/2000 03:48 PM
	Please respond to "PennFuture"

		 To: <Undisclosed-Recipient:@mailman.enron.com;>
		 cc:
		 Subject: PennFuture's E-cubed

PennFuture's E-cubed is a commentary biweekly email publication concerning
the current themes and trends in the energy market.

November 3, 2000
Vol. 2, No. 22

Pennsylvania's First Successful CDS Auction

An important new regulatory skirmish has broken out before the Pennsylvania
Public Utility Commission (PUC) over which company has won the right to
provide default generation service to 300,000 customers of PECO Energy, an
Exelon Company. This skirmish is actually good news for consumers and is the
fruit of the 1998 PECO Energy restructuring settlement agreement, a landmark
document that ended a ferocious regulatory war when all combatants signed it.

The &peace treaty8 includes a requirement that PECO Energy bid out default
service for 20% of its customers, and PECO has done so. Green Mountain Energy
Company is now challenging PECO Energy,s decision that New Power won the
auction to provide the settlement,s mandated default service.

Both Green Mountain and New Power are offering those 300,000 consumers small
rate reductions compared to customers receiving default service from PECO,
and more electricity generated from renewable energy resources. Specifically,
New Power and Green Mountain are offering generation service to Rate R
residential customers for approximately 5.54 cents per kilowatt-hour. That
offer is 3.11 cents per kilowatt-hour less than PECO Energy,s unbundled
generation and transmission rate of 8.65 cents per kilowatt-hour and 0.11
cents per kilowatt-hour less than the shopping credit of 5.65.

The consumer savings that these offers represent is masked or reduced by the
stranded cost payments that consumers must pay PECO Energy. Indeed, were it
not for stranded cost payments, the New Power and Green Mountain offers would
reduce total bills by about 3.11 cents per kilowatt-hour, or 20%.

The dispute between New Power and Green Mountain is noteworthy because it
proves that companies will compete vigorously to provide default service if
shopping credits and lengths of contracts are set at reasonable levels. It
also shows that renewable energy portfolio standards can be met economically.
Finally, the result of this case will switch more customers to competitive
suppliers in one day than the total number who switched in California over a
period of nearly three years.

When the PUC anoints New Power or Green Mountain as the winner, if all
299,300 consumers opt to stay with the CDS provider, the total number of
customers in Pennsylvania that will be served by a competitive supplier will
jump to more than 850,000. Of this total, 504,000 will be residential
customers of PECO, a number equal to 37% of the PECO residential class.

CDS Background: In Pennsylvania, there must always be a &default8 supplier or
&provider of last resort8 to assure that service is always available to all
customers. The incumbent utility is the default supplier, unless the PUC
decides otherwise. The default supplier must provide generation service to
customers who do not have a competitive supplier either because they chose
not to shop or did not find a willing supplier at an acceptable price. The
PECO Restructuring Case Settlement initially defined CDS service in paragraph
38:

&On January 1, 2001, 20% of all of PECO,s residential customers -- determined
by random selection, including low-income and inability-to-pay customers, and
without regard to whether such customers are obtaining generation service
from an EGS -- shall be assigned to a provider of last resort-default
supplier other than PECO that will be selected on the basis of a
Commission-approved energy and capacity market price bidding process. This
service shall be referred to as Competitive Default Service (&CDS8).8

The same approach was used in the other Settlements in the GPU, PPL and APS
restructuring cases. CDS reflects an effort to assure that there is at least
one other large competitor in each market. CDS also has a renewable portfolio
standard (RPS), even though there is no RPS for regulated utilities in
Pennsylvania. The winning bidder must supply:

&(2.0% of its offered energy supply for CDS service from renewable resources
of solar, wind, sustainable biomass (including landfill gas but excluding
incineration of Municipal Solid Waste), geothermal or ocean power. The
renewable energy increment shall increase by annual increments of 0.5%
thereafter.8

This increasing renewable requirement continues indefinitely, meaning that in
year four of the CDS there will be a 3.5% renewable requirement, 4% in year
five and so on. This is significant, as each extra percent of renewable
energy used to serve the 299,300 customer block prevents approximately 950
tons of NOx, 3200 tons of SO2, and 390,000 tons of CO2 from being emitted by
fossil fuel burning power plants.

PECO,s CDS RFP: Importantly, the PECO/Unicom merger case modified the CDS
bidding process as established by the 1998 settlement. Of particular note,
the revisions eliminated the &customer care8 functions from CDS, made the
contract three years long to help spread out return of start-up costs, and
instituted several rounds of selection in the event that prior efforts
yielded no successful CDS contract.

PECO issued its initial RFP for CDS on April 6, 2000, and Shell Energy
Services submitted the only bid. However, the PUC rejected the bid as
non-conforming and denied Shell,s Petition for Reconsideration of its
decision. Pursuant to the modifications in the merger settlement, PECO
entered into bilateral negotiations based on an August 24, 2000 RFP.

Three suppliers submitted conforming bids, and PECO selected New Power as the
winner on October 18, 2000. New Power is the new competitive supplier
actively marketing residential and small commercial customers in the PECO
service territory and is backed by Enron, AOL, and IBM.

PECO and New Power negotiated a complete contract that is before the PUC for
approval on November 9, 2000. Under the proposal, PECO and New Power expanded
the size of the CDS requirement to include 22% (299,300) of non-shopping
residential customers instead of 20% of all residential customers, whether
shopping or not. This change was designed to implement paragraph 39 of the
Restructuring Settlement, requiring adjustments to the numbers assigned to
CDS in order to have 35% of all PECO residential and commercial customers
obtaining competitive generation as of January 1, 2001. There also will be a
second round of assignment of non-shopping customers as of October 15, 2002
if New Power is providing CDS to fewer than 20% of all PECO residential
customers

New Power electricity will be 2% renewable in 2001, 2.5% renewable in 2002,
and 3% renewable in 2003 as required, but does not include a commitment to
exceed the requirements or provide cleaner power for the non-renewable
portion of the product.

The price for New Power,s CDS for Rate R customers would be 2.02% below the
shopping credit, while residential heating customers on Rate RH would pay
1.02% less than their shopping credit. For a Rate R customer, this would mean
that overall rates would fall .8% (as energy and transmission falls from 5.65
to 5.54); for Rate RH rates would fall .44%. Customers assigned to CDS may
still choose any competitive supplier, or opt out and retain default service
from PECO without penalty or charge. New Power will be able to offer its full
slate of energy and non-energy related products to these customers.

Green Mountain asserts that approval of the PECO/New Power contract is &not
in the public interest,8 arguing that PECO ignored Green Mountain,s offer
that included CDS pricing 2% below the shopping credit for all residential
customers, including those on residential heating or off-peak service. Like
the New Power proposal, the Green Mountain proposal would lower Rate R and RH
rates .8% and .44%, respectively. Green Mountain asserts that the New Power
rate cut for Rate R is only 1.83%, and not 2% and argues that its product is
better for the environment because the non-renewable portion of the product
would come from natural gas and hydro instead of system power generated
primarily from coal and nuclear fuels. If not declared the winning bidder,
Green Mountain proposes in the alternative that both they and New Power
receive CDS contracts.

In response, PECO states that all three bidders had the opportunity to submit
revised bids and that the Green Mountain revised bid was not submitted until
October 12, 2000, 13 days after the deadline and nine days after the
selection of New Power as the winning bidder.

The PUC will sort out the facts and arguments on November 9. Some think that
the PUC may very well split the 300,000 customer block between Green Mountain
and New Power.

Whatever the result, customers in the Philadelphia area should receive yet
another small price reduction, more renewable energy, and the opportunity for
a more competitive electricity market.

E-cubed is available for reprint in newspapers and other publications.
Authors are available for print or broadcast.

Support E-cubed by becoming a member of PennFuture * visit our secure online
membership page at www.pennfuture.org by clicking on &Support Our Work.8

PennFuture, with offices in Harrisburg, Philadelphia and Pittsburgh, is a
statewide public interest membership organization, which advances policies to
protect and improve the state,s environment and economy. PennFuture,s
activities include litigating cases before regulatory bodies and in local,
state and federal courts, advocating and advancing legislative action on a
state and federal level, public education and assisting citizens in public
advocacy.

We hope you found this informative and interesting. However, if you would
prefer not to receive future issues, please reply to this email and type
&unsubscribe8 in the subject line.


> > > > > > God won't ask what kind of car you
> > > > > > drove, but will ask how many people
> > > > > > you drove who didn't have
> > > > > > transportation.
> > > > > >
> > > > > > God won't ask the square footage of
> > > > > > your house, but will ask how
> > > > > > many people you welcomed into
> > > > > > your home.
> > > > > >
> > > > > > God won't ask about the fancy
> > > > > > clothes you had in your closet, but
> > > > > > will ask how many of those
> > > > > > clothes helped the needy.
> > > > > >
> > > > > > God won't ask about your social
> > > > > > status, but will ask what kind of
> > > > > > class you displayed.
> > > > > >
> > > > > > God won't ask how many material
> > > > > > possessions you had, but will ask
> > > > > > if they dictated your life.
> > > > > >
> > > > > > God won't ask what your highest
> > > > > > salary was, but will ask if you
> > > > > > compromised your character to
> > > > > > obtain that salary.
> > > > > >
> > > > > > God won't ask how much overtime you
> > > > > > worked, but will ask if you
> > > > > > worked overtime for your family
> > > > > > and loved ones.
> > > > > >
> > > > > > God won't ask how many promotions
> > > > > > you received, but will ask how
> > > > > > you promoted others.
> > > > > >
> > > > > > God won't ask what your job title
> > > > > > was, but will ask if you
> > > > > > performed your job to the best of your
> > > > > > ability.
> > > > > >
> > > > > > God won't ask what you did to help
> > > > > > yourself, but will ask what you
> > > > > > did to help others.
> > > > > >
> > > > > > God won't ask how many friends you
> > > > > > had, but will ask how many
> > > > > > people to whom you were
> > > > > > a true friend.
> > > > > >
> > > > > > God won't ask what you did to
> > > > > > protect your rights, but will ask
> > > > > > what you did to protect the rights of
> > > > > > others.
> > > > > >
> > > > > > God won't ask in what neighborhood
> > > > > > you lived, but will ask how you
> > > > > > treated your neighbors.
> > > > > >
> > > > > > God won't ask about the color of
> > > > > > your skin, but will ask about the
> > > > > > content of your character.
> > > > > >
> > > > > > God won't ask how many times your
> > > > > > deeds matched your words, but
> > > > > > will ask how many times they didn't.
> > > > > >
> > > > > > When there is nothing left but God,
> > > > > > that is when you find out God is all you
> > > > > > need. Have you got a minute?
> > > > > > 60 seconds for God? Take 60 seconds and give
> > > > > > this a shot.
> > > > > > All you do is simply say the
> > > > > > following small prayer for the person
> > > > > > who sent you this.
> > > > > >
> > > > > > Father God, bless ____________ in
> > > > > > whatever it is that you know he
> > > > > > or she may be needing this day! And may
> > > > > > __________ life be full of your
> > > > > > peace, prosperity and power as they seek to
> > > > > > have a closer relationship with you.
> > > > > >
> > > > > > Then send it on to five other
> > > > > > people. Within hours five people
> > > > > > have prayed for you, and you caused a
> > > > > > multitude of people to pray to God
> > > > > > for other people. Then sit back and watch
> > > > > > the power of God work in your life for doing
> > > > > > the thing that you know He loves
> > > > > > Have a positively blessed day!!!

______________________________________________________________________
The information contained in this message may be privileged and
confidential and protected from disclosure.  If the reader of this message
is not the intended recipient, or an employee or agent responsible for
delivering this message to the intended recipient, you are hereby notified
that any dissemination, distribution or copying of this communication is
strictly prohibited. If you have received this communication in error,
please notify us immediately by replying to the message and deleting it
from your computer.  Thank you.  Ernst & Young LLP


Please respond to Bill Courtney
I have enclosed are noms for Sept.  Have a  good weekend.  Bill
 - September noms for Quest.xls


[IMAGE]   ActiveSportsMecca     ActiveTrainer  | ActiveAdvantage  | ActiveSportsMecca  [IMAGE] [IMAGE]  [IMAGE]
		  Welcome to the weekly newsletter from Active.com, the world's most comprehensive portal for athletes of all levels.   If you wish to donate funds toward the relief efforts in New York City and Washington, D.C., Helping.org  includes links to numerous aid agencies and groups. [IMAGE]  In this issue:  [IMAGE] NEW! Piranha sponsored athlete program  [IMAGE] Ironman Hawaii on Active radio  [IMAGE] Cycling: A pump is your most important accessory  [IMAGE] Exercise and motherhood: it's good for you both  [IMAGE] Hiking: Breaking in   ... and more.     [IMAGE] ACTIVE RADIO: IRONMAN HAWAII DIRECTOR SHARRON ACKLES In two weeks, defending champ Peter Reid (left) joins the world's best triathletes in Kona, Hawaii, for the Ironman World Championships. On Wednesday 9/25, the "Sports You Do Show" welcomes race director Sharron Ackles to preview this always-epic event.  [IMAGE]http://www.active.com/community/activeradio       FROM OUR PARTNERS    Ultima  Hydration 101: New Clinical Data Puts Ultima Replenisher on Top.  According to a new study from researchers at the Boulder Center for Sports Medicine, Ultima Replenisher is a more effective re-hydrating beverage than the leading sports drink. Side by side tests demonstrate Ultima's ability to improve endurance and efficiency during exercise and muscle recovery afterward.   ORDER TODAY FOR DISCOUNTS AND A FREE RUNNING BOTTLE!     [IMAGE]  ENERGIZE YOUR WORKOUTS. MAXIMIZE YOUR SAVINGS. Save now with a $200 rebate on Life Fitness X-Series elliptical cross-trainers. Our patented ComfortStride? motion delivers a smooth, low-impact, total-body workout for maximum results. Look, feel, and perform your best with the finest home equipment from the #1 brand in health clubs worldwide.   CLICK HERE FOR DETAILS  [IMAGE][IMAGE]     ADVIL Take control of your running pain.  For tips on how to help prevent and treat shin splints, visit the Advil
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Kourtney,
Just a quick heads up for the flash.
Path 26 was derated last night for HE 19 through HE 24.  For HE 24 the price for congestion revenue was $247.98.  We were awarded 218 mws of congestion relief by the CAISO.  This should equal $54059.64 in congestion revenue to ECTRT.
If you have any questions, please let me know.

Thanks,
Bill


Rita and All:

All:
The contract maximum of 4.45% (not 4.5%) is based on both Field and Mainline fuel for the particular MID (10, 11, 12 and/or 13) in which the gas is received.  The attached spreadsheet is a history of the relevant MID fuels.  When the contract originated in December 1995 the MID average was below 4% and the contract generated modest revenue for NNG.

The 6/1/97 tariff revision greatly increased mainline fuels, especially in MID 11 where the majority of the contract volume is received, where the fuel jumped from 1.48% to 2.90%.  The 6/1/97 revision increased the volume weighted average fuel (a measure valid for comparison purposes only) from 3.81% to 4.65%, which until the 8/1/01 revision to 4.71% was the zenith.

Mainline fuel appears to be the problem: it has increased from 1.84% effective 6/1/99 to 2.25% effective 6/1/00 to 2.66% effective 8/1/01.  This .82% increment makes the difference between profit and our current situation.

Rita:
Can you tell us how we got here and what areas we could focus our attention on to potentially remedy the problem?  Which station have increased fuel consumption over the years?  And how are prior period adjustments made?  Can you send me the calculation spreadsheets for the relevant tariff revision periods?

All:
Ideas/comments/solutions?

Steve

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Thursday, November 08, 2001 5:41 PM
To:	Geaccone, Tracy; Weller, Steve; Stage, Michael G.; Lev, Jennifer
Cc:	Cobb Jr., John; Chandler, Bob
Subject:	RE: EPPI GPM Oneok agreement

NNG is billing fuel retention on out-of-balance deliveries.

We only collect the 4.5% on the receipt volumes, however NNG is charging fuel based on the receipt plus the out-of-balance delivery.
This out of balance collection goes to trackers.  We could lower the amounts over the 4.5% if NNG stops charging out-of-balance retention when this contract goes short.  (stop charging out-of-balance retention has other problems assocated with it). This contract was consistently short in 2001.  This is not all of the problem but it is the controllable part.  That is, we need to make these two contracts long to the system each month.  Or, put an OBA at Bushton's inlet (The OBA at Bushton's inlet also has other problems assocated with it).

Mike and Steve please confirm my calculations to the contract terms to see if I am correct, also can you set a meeting with Logistics, Regulatory and Tracy Geaccone to discuss.

The non-controllable factors are NNG's Field fuel rate keeps increasing making it consistently over the 4.5%, and lower gas prices increase the exposure to EPPI.

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Wednesday, November 07, 2001 3:45 PM
To:	Fancler, Dan; Weller, Steve; Stage, Michael G.; Lev, Jennifer
Cc:	Cobb Jr., John; Chandler, Bob
Subject:	RE: EPPI GPM Oneok agreement

I still need to understand why we are at the 4.45% and what we can do in the future if anything to control it.   Can someone help me with this?

Thanks

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Wednesday, November 07, 2001 3:36 PM
To:	Weller, Steve; Stage, Michael G.; Geaccone, Tracy; Lev, Jennifer
Cc:	Cobb Jr., John; Chandler, Bob
Subject:	EPPI GPM Oneok agreement

I have attached a summary and schedules which indicate the following.

EPPI owes Oneok/GPM $339,158.69
Oneok owes NNG	$  92,774.99
Net amount due is	$246,383.70  Per Dan Fancler

Oneok invoices total $301,383.96.  Oneok has not recognized that some months they paid under the 4.45% and owe NNG.
 << File: GPM 101021  101073 Recalculation.xls >> Oneok is pushing hard for the money, so I am turning over the resolution of the differences to NNG marketing and the resolution of the cash payment to Tracy Geaccone and/or Jennifer Lev.


i was going to watch the saints game with some friends at 7.

"K. Bass" <daphneco64@bigplanet.com> on 08/11/2000 12:34:46 PM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric Bass <Eric.Bass@enron.com>
cc:
Subject: Re: ArcaMax Weird News for August 11, 2000

Why so early?
----- Original Message -----
From: "Eric Bass" <Eric.Bass@enron.com>
To: "K. Bass" <daphneco64@bigplanet.com>
Sent: Friday, August 11, 2000 12:23 PM
Subject: Re: ArcaMax Weird News for August 11, 2000

>
>
> actually, i was thinking about an early dinner, like 4-4:30?
>
> let me know
>
>
>
>
> "K. Bass" <daphneco64@bigplanet.com> on 08/11/2000 12:10:07 PM
>
> Please respond to "K. Bass" <daphneco64@bigplanet.com>
>
> To:   Eric Bass <Eric.Bass@enron.com>
> cc:
> Subject:  Re: ArcaMax Weird News for August 11, 2000
>
>
> You are too funny!  Are you going to convert? Dinner tomorrow here around
> 6:30, o.k.?  LU-M
> ----- Original Message -----
> From: "Eric Bass" <Eric.Bass@enron.com>
> To: "Shanna Husser" <Shanna.Husser@enron.com>; <Jason.Bass2@COMPAQ.com>;
> <daphneco64@bigplanet.com>; <lwbthemarine@bigplanet.com>
> Sent: Friday, August 11, 2000 11:08 AM
> Subject: ArcaMax Weird News for August 11, 2000
>
>
> >
> >
> >
> > ---------------------- Forwarded by Eric Bass/HOU/ECT on 08/11/2000
11:08
> AM
> > ---------------------------
> >
> >
> > Brian Hoskins
> > 08/11/2000 10:58 AM
> >
> > To:   Eric Bass/HOU/ECT@ECT, Hector Campos/HOU/ECT@ECT, Lenine
> >       Jeganathan/HOU/ECT@ECT, Roberto
> >       Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
> House/HOU/ECT@ECT, Luis
> >       Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
> > cc:
> > Subject:  ArcaMax Weird News for August 11, 2000
> >
> >
> >    A new book that says men may beat their wives has caused an outcry in
> > Turkey.
> >    The Guardian newspaper reports that "The Muslim's Handbook," written
by
> > retired cleric Kemil Gubran, advised men not to hit too hard and to
avoid
> > the face. It also said that if a man's wife is ill and he can't afford a
> > servant, he could take a second wife.
> >    The book was published by the state-funded Pious Foundation, which is
> > affiliated with Turkey's religious directorate. In the past decade, the
> > directorate -- which appoints Muslim clerics and dictates topics for
> > mosques -- has been presenting a modern interpretation of Islam to
include
> > expanded roles and rights for women.
> >    "I am outraged that such a book was published with state funds, with
> > money women paid in taxes," said Zuhal Krilic, the head of Kader, a
group
> > promoting women in politics.
> >    A book published in Spain several weeks ago also said a Muslim man
> could
> > beat his wife -- and included tips and instructions -- although it
> > counseled that the best way to bring a woman in line was through verbal
> abuse.
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>
>


Slava,

Can we invite Maureen Raymond ( a member of the Research Group
currently in London to dinner)?

Vince


ok. Can you articulate this to SK and PB.
-----Original Message-----
From: Cash, Michelle
Sent: Wednesday, October 17, 2001 12:45 PM
To: Oxley, David
Subject: RE:

I know, but that doesn't change the fact that we should articulate the standards that we are using -- I know that they use some criteria that are based on solid business reasons, so let's capture them!  That way, we at least can explain why we did things.  Michelle

-----Original Message-----
From: Oxley, David
Sent: Wednesday, October 17, 2001 9:13 AM
To: Cash, Michelle
Subject: RE:

Agreed. But this is what we did last year.
-----Original Message-----
From: Cash, Michelle
Sent: Tuesday, October 16, 2001 10:33 PM
To: Oxley, David
Subject: RE:

I like that there is some sort of formal process based on peer group.

I also like that they have made a decision to have ranking in the commercial groups.  It looks like they are being ranked to measure performance, not for compensation.  If so, then it would be nice for there to be some rough correlation to compensation.  If not, then what are the criteria for determining the bonus amounts?  If it is P&L and some other components, then let's specify what they are.  My biggest concern with all of this flexibility is that decisions will appear arbitrary with no clear basis for distinguishing between persons at the top of the bonus range and persons in the bottom.

On non-commercial, will there be a further breakdown within the 80?  If so, will those correlate to bonus amounts?  If not, same question as above.

I understand that market forces may drive many of these bonus decisions.  If so, then I believe that we simply should articulate them and be prepared to explain the bases for bonus payment amounts.

Promotion process looks good.

Assistants and clerks looks good, although it looks like OOC will decide bonus amounts.  If this is a fixed amount based on the rating, then that is ok.  Otherwise, if they are not pretty standardized, the same issues arise as above.  I

I expect that the same kinds of questions will arise for all business unit plans.

Hope this helps.  Let me know if you want to discuss or would like to talk through pay criteria.

Michelle

-----Original Message-----
From: Oxley, David
Sent: Tue 10/16/2001 4:35 PM
To: Knudsen, Sheila A.; Joyce, Mary; Jones, Robert W.- HR Exec
Cc: Cash, Michelle
Subject: FW:

What d'ya think?
 -----Original Message-----
From:   Lavorato, John
Sent:   Tuesday, October 16, 2001 2:40 PM
To:     Oxley, David
Subject:        FW:

 -----Original Message-----
From:   Kitchen, Louise
Sent:   Tuesday, October 16, 2001 2:38 PM
To:     Lavorato, John
Subject:        RE:

Same thing just prettier and with more details.  Suggest we send to HR for them to implement.

<<PRCprocess.xls>>

 -----Original Message-----
From:   Lavorato, John
Sent:   Tuesday, October 16, 2001 1:17 PM
To:     Kitchen, Louise
Subject:

Here is our plan on PRC.

Assistants:

Ranked 1,2,3 by supervisors - pay determined by Me and Louise.  No meetings.

Non Commercial but in North America:

Traditional ranking with the correct people addending the meetings.  Pay grid determined by OOC.

Analysts and Associates

Ranked as per Billy Lemmons %'s and then pay grid determined by OOC
I would like to see 25% - 65% - 10%.  Billy disagrees.  This would provide for a quick meeting rather than trying to split them into 4 groups with the top one excluding some awesome people.

Managers/Directors

Ranked from 1 to 100 in as many clusters as the groups see fit.  We are going to combine managers and directors into one table.  The ranking is based on this years performance is directly related to pay.  We will have two meetingss - one for traders and one for other commercial staff (orig/finance/etc).  We will not have a pay prc but will take the results of the rankings and work with individual leaders after the meetings to ensure the appropriate compensation.

We will also determine promotions during this meeting using different criteria.

VP's

We will rank all our VP's from 1 to 100 with a group of selected people - some VP's and some MD's.
This too will be directly related to pay.

Cheers as you Brits say


I gave this to Gail to handle. She in turn is getting Bob Vote to handle. In
the documents I received yesterday, I only saw an application for writ of
garnishment, not a signed order--do you have one?

	John Schwartzenburg@ENRON_DEVELOPMENT
	04/10/2001 01:53 PM

		 To: Keith Dodson/NA/Enron@ENRON, Nigel
Carling/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve
Reistetter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen P
Stein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian Stanley/EU/Enron@ENRON,
Kenneth L Bean/HOU/EES@EES, johng@nepco.com@ENRON_DEVELOPMENT, Keith
Dodson/NA/Enron@ENRON, Nigel Carling/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve
Reistetter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen P
Stein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan
Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Lakes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Brand@ENRON_DEVELOPMENT,
Willie Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jude
Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian
Stanley/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kenneth L
Bean/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, johng@nepco.com@ENRON_DEVELOPMENT,
steved@nepco.com@ENRON_DEVELOPMENT, danielh@nepco.com, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Randy Pais@Enron, Jim
Desrochers/NA/Enron@Enron, Larry Bishop/NA/Enron@Enron, Robert
Sevitz/NA/Enron@Enron, Cheryl Costa/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John G
Rigby@ENRON_DEVELOPMENT, Claudia Santos@Enron, Wyndel McNamara@ENRON, Richard
Murphy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shirley
Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kristi
Dobbs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mayra Mendez@Enron, Angie
Chappell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Mark E Haedicke@ENRON_DEVELOPMENT, Richard B Sanders@ENRON_DEVELOPMENT,
Robert Vote@ENRON, Joseph T Grajewski/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mark Brand@ENRON_DEVELOPMENT, Michael Pearson/NA/Enron@Enron, Vladimir
Gorescu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: URGENT STOP PAYMENT: Writ of Garnishment of money due CIGSA served
on EECC on April 10

EECC has just been served with a writ of garnishment from the 333rd Judicial
District Court of Harris County  in connection with a judgment against
certain CIGSA entities. In the writ, the court very unambiguously and very
plainly commands that EECC is not to pay any debt or deliver any property to
CIGSA pending further orders from  the court. The writ was issued to enforce
an judgment  for $1.3 million awarded by the court against CIGSA in favor of
Richard P Estrada. EECC is also commanded to appear before the court and list
all funds/assets in our possession that might belong to CIGSA,  and to
disclose what other persons we know ofif any, that might have such funds or
assets.  The lawyer for Mr. Estrada is the same lawyer who successfully
garnished EECC in the past to collect sums owed other CIGSA judgment
creditors.

Please take this prohibition as applying even to cases where CIGSA might be
entitled to the money or the property under our contracts with them, or where
the funds or property are in joint venture acounts or custody in the US or
Mexico until we have had a chance to review matters in detail and make a more
accurate assessment. In the meantime, effective immediately, do not make ANY
payments to or on behalf of, or release ANY property to or on behalf of, any
CIGSA entity without first obtaining legal department approval. The court may
impose penalties for violations  of its garnishment order.

We will assemble an appropriate litigation team to work onthis matter. Randy
Pais will be handling this for EEOS legal. I suggest that Mike Pearson and
Mark Brand get the word out to the Project Management and Project Control
teams on  this matter ASAP.

JWVS


This is the original confirmation letter we sent out.

Unfortunately, before I found out anything about all this, I sent out a
revised confirmation when the deal was changed and went into a pending
status.  This is the revised confirmation letter that went out.

These are the only two that have been sent to the counterparty.  I have put a
note into the TAGG system that should let us know not to send another revised
confirmation.

Let me know if you need anything else.

Thanks for the phone list.  Kimberly Hundl is soooo jealous!


Attached is PIRA's latest "World Oil Market Forecast."

If you have any questions regarding the report's content, please contact
Dr. Gary Ross at (212) 686-6808, email: garyross@pira.com.

Contact Client Services regarding PIRA report distribution and address
changes at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "World Oil Market Forecast" outside a Client's
licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email
to sales@pira.com.

PIRA Energy Group

 - oilsept01.pdf


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 10:40 AM -----

	"Cameron, John" <johncameron@DWT.COM>
	06/30/2000 10:27 AM

		 To: "'Carol St Clair'" <Carol.St.Clair@enron.com>
		 cc: "Mitchell, Holly" <hollymitchell@dwt.com>
		 Subject: RE: ISDA Draft

Thanks, Carol.  My phone numbers appear below.  Also, please copy Holly
Mitchell on everything you send.  Her e-mail address appears above in the cc
box.

> -----Original Message-----
> From: Carol St Clair [SMTP:Carol.St.Clair@enron.com]
> Sent: Friday, June 30, 2000 8:25 AM
> To: Cameron, John
> Cc: Tana Jones
> Subject: ISDA Draft
>
>
>
> John:
> I understand from Tana Jones that we are going to try to put an ISDA in
> place
> today.  We should be sending you the draft shortly.  Please call me
> directly
> with any comments or questions that you may have.  Please pass the
> information
> below  to anyone else that may be working on this from your end.  Thanks.
> I
> look forward to hearing from you.
>
> Carol St. Clair
> EB 3892
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
> carol.st.clair@enron.com
>


It is critical to our nation's energy future  to achieve robust competition
in wholesale power markets in order to ensure that electricity can move most
effectively from where it is produced to where it is most needed. To that
end, this Administration will strongly encourage the Federal Energy
Regulatory Commission( FERC)  to actively exercise jurisdiction over all
aspects of electricity transmission in interstate commerce and place all uses
of the grid under the same rates, terms, and conditions.  This jurisdiction
must also be extended by Congress to cover non-FERC jurisdictional power
authorities.


The following items are available or being produced by Enron resources to
support the on-going activities related to California.  If I've missed
anything, let me know.

When anyone needs new material, please feel free to contact John Neslage.

John Neslage will keep the material and should be apprised of any new
material.  John's number is 713-853-6827.

Thanks,

Jim

------------------------------------------

READY TO GO

Steve Kean Letter to Sen. Feinstein  RE:  California Status
Steve Kean Letter to Sen. Wyden RE:  Information Release
Enron Fixes for California (attached)
CERA Highlights on California Crisis

IN PRODUCTION

One Page Fact Sheet - Buy Books, Not the Grid
One Page Fact Sheet - Enron's Opposition to Cal ISO Takeover by California
Politicans (Mirant v. ISO)
One Page Fact Sheet - How Big a Blackout for Summer 2002?
One Page Fact Sheet - Enron's Global Solution
EPA Package - Necessary Fixes to Increase Supply


This will confirm our dinner meeting to be held May 23, 2000 at the River
Oaks Grill

    DATE :    MAY 23, 2000
    PLACE:    WINE ROOM
         RIVER OAKS GRILL
         2630 WESTHEIMER
         713/520-1738
    TIME:     6:30 PM
    DRESS CODE:   BUSINESS CASUAL, NO JEANS, JACKET WITH KHAKIS OK

If you have any questions, please do not hesitate to contact Kay (30643) or
Beverly (57857)

I look forward to seeing you there.


Dear Power Outage Database Customer,
Attached you will find an excel document. The outages contained within are forced or rescheduled outages. Your daily delivery will still contain these outages.
In addition to the two excel documents, there is a dbf file that is formatted like your daily deliveries you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.
Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com
THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND CONFIDENTIAL INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.
 - OUTAGE.dbf
 - 010302.xls
 - 010302R.xls


This is the new company the TW people set up.  They set it up as subsidiary of TW.  Moran is okey with that.

---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 01/29/2001 02:11 PM ---------------------------

Susan Scott
01/29/2001 12:32 PM
To:	Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject:	Re: Mavrix

Tracy, is this what you need?
Let me know if you need more info.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 01/29/2001 12:32 PM ---------------------------

Lillian Bailey
01/29/2001 11:47 AM
To:	Susan Scott/ET&S/Enron@ENRON
cc:

Subject:	Re: Mavrix

Yes, it is 1439-MTTC.

Lillian R. Bailey
Administrator
Corporate Services
EB4804A
Phone 713/853-3577
Fax 713/646-8007

	Susan Scott 01/29/2001 11:41 AM 	   To: Lillian Bailey/Corp/Enron@Enron  cc:   Subject: Mavrix

Lillian, was a company number assigned to Mavrix?  Let me know  -- Thanks.

<Embedded StdOleLink>


If you can not see the formatted page, please go here in your  browser: http://www.henwoodenergy.com/html/email/singapore0201/singapore0201.html     [IMAGE]       [IMAGE]           In June 2002, The Singapore Government will commence the sale  of their three power stations with a combined capacity of over 8,000  MW. Although the electricity system is relatively small, trading is  active and pool prices are volatile.   Henwood  has conducted numerous Singapore studies for clients, and is  recognized as the leading provider of market studies for Singapore  and Asia. Henwood's newest comprehensive reference case for  Singapore outlines the economic, regulatory and expected pool  environments, including a ten year pool price forecast and regular  updates to the analysis.  If you  are thinking of investing in Singapore, Henwood's Singapore  reference case will provide an invaluable asset for potential  investors and lenders for the Singapore generation companies.  Henwood staff are also available to develop further studies for  subscribers.  To  order your copy, please contact Mark Foster .  For  additional information, please click here .      [IMAGE]  [IMAGE]  Henwood Energy Services, Inc. 2710 Gateway Oaks  Drive, Suite 300 North Sacramento, CA 95833 916/569-0985 www.henwoodenergy.com   If you  would like to be removed from our mailing list, please reply with  REMOVE in the subject line.

 - goldlinemed.gif
 - singemail.jpg
 - horizlogo.jpg


John

I think the letter looks good. I made a few changes which I am enclosing.

thanks


That will be fine.

D

Aimee Lannou   01/29/2001 04:17 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Equistar feb - 01

I think I found the deal.  Deal # 157572 has meter 1372 attached to it.  It
should be meter 1373.  The 10.000 is split between two meters, but all should
be at meter 1373.  Can I change it?

AL

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 01/29/2001 04:07
PM ---------------------------
Aimee Lannou   01/29/2001 03:59 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Equistar feb - 01

Daren - here are the Equistar #'s.  There should be a total of 65.000.  There
is  a new deal per Janice at Equistar at meter 1373 effective 2/01.  I have
not seen a deal for this.  Let me know if it is legitimate.  No volumes were
added, just moved from meter to meter.  (Deal # 378904)  Thanks.

AL


Attached is a draft of the Broker Electronic Transaction Agreement which will
be used to allow Brokers to transact on behalf of their customers.  Please
review the document and give me any comments.  Please pay particuliar
attention to Section 3 Transactions.

Also please note that it will be imperative that broker confirmations are
done each day on Broker Client Transactions to limit the exposure associated
with online transaction broker breakage costs.  The confirmations group will
be responsible for confirming each day and notifying credit immediately of
any discrepancies between Enron and the Broker.   Notification by the
confirmations group will be the only means by which credit will be informed
to shut down broker activity in the case of a transaction that has not been
confirmed and/or verified by the broker.

Thank you


Good morning ladies:

Mary asked that I coordinate a lunch with you next week and after looking at
her calendar, she is available either Thursday, May 31, 2001 or Friday, June
1, 2001.  Please let me know your availability so that I can make
reservations at Dong Ting for 12:00 p.m.

Thanks.

Esmeralda Gonzalez
Enron North America Corp.
Legal Department
1400 Smith Street, EB3815
Houston, Texas 77002
e-mail: esmeralda.gonzalez@enron.com
Phone: 713-345-7621
Fax: 713-646-3393


Draft agenda attached.  Please mark up at will.

 <<Boston Risk Conference Agenda.doc>>

 - Boston Risk Conference Agenda.doc


- 127_150PIP_Language.zip


This message is intended for eHRonline users only.

Due to a recent change to eHRonline, the URL (aka "Web address") for
accessing eHRonline needs to be changed on your computer.  The change
involves adding the letter "s" to the "http" reference in the URL.  The URL
for accessing eHRonline should be:   https://eHRonline.enron.com.

This change should be made by those who have added the URL as a favorite on
the browser.


Dear Louise,

We will be in the position to kick-off the trademark registration application
process next week.

The Enron entity applying for the trademarks will be Enron Corp.

The trademarks for which we will be applying will be:

ENRONONLINE
ENRONONLINE.COM
TRADING INNOVATION
PUTTING THE ENERGY INTO E-COMMERCE
PUTS THE ENERGY INTO E-COMMERCE
ONE STOP ENERGY SHOP

The countries/areas for which we will be applying will be:

European Union
Croatia
Czech Republic
Norway
Poland
Romania
Slovenia
Singapore
Hong Kong
Switzerland
USA

The total registration fees for the 6 trademarks in the 11 countries/areas
will be in the region of o60,000.

Please let me know when you are ready to initiate the above process.

Kind regards,

Edmund.

Louise Kitchen
10/19/99 01:02 PM
To: Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Mark
Taylor/HOU/ECT@ECT
cc: Michael R Brown/LON/ECT@ECT, Paul Goddard/LON/ECT@ECT
Subject: Trademarking

We have discussed in the past the trademarking of the EnronOnline etc and now
as we get closer to launch I would like to check up on whether we are ready
to start this process off.  I am currently thinking that we should start this
process of next week.  Could you let me know what your plan would be to take
this forward.

Thanks

Louise


Wendy, I appreciate you knocking out the CWS so quickly.... Thanks !!  John

Sara, do you prefer to e-mail or mail a hard-copy to Boeing ?  Let me know
and I'll supply you with the accompanying address.

John


Weekly Update
Dec. 1, 2000

The Texans made national headlines this week when University of Miami head
coach Butch Davis arrived in Houston Tuesday. Davis visited with Texans Owner
Bob McNair and Executive Vice President/General Manager Charley Casserly
before flying back to Miami. McNair then addressed the media at the Hyatt
Regency Houston.

"We will be visiting with a number of people, some of whom will not be a
candidate and others who perhaps will be a candidate," McNair said. "Butch is
a very highly qualified coach. He has done an outstanding job at the
University of Miami. He has all the credentials in my view. He is certainly
well qualified to hold the position.

"But we are just now getting started in this process and the visit we had
today was really just to get to know each other."

Davis, in his sixth season at UM, led the Hurricanes to a 10-1 record and the
Big East title this season. Miami is currently ranked second in both the
Associated Press and ESPN/USA Today polls. Davis owns a 50-20 record at UM
and is 3-0 in bowl games. The Hurricanes have already clinched a spot in this
season,s Bowl Championship Series. If Kansas State upsets top-ranked Oklahoma
Saturday, Miami would face Florida State in a 1-2 Orange Bowl bout. If the
Sooners win, the Hurricanes would play in either the Fiesta or Sugar Bowl.

Before arriving at UM, Davis spent six seasons as an assistant with the
Dallas Cowboys, the last two as defensive coordinator.

"I don,t know what the future might hold but he,s certainly the type of
person we,d like to have in our organization," McNair said.

McNair and Casserly flew to San Antonio Wednesday for a luncheon at The
Argyle. Casserly had addressed San Antonio,s Touchdown Club earlier this
fall. Minnesota Vikings Owner Red McCombs, a resident of San Antonio, also
attended.

"We think it is important that we be viewed as a South Texas team," McNair
said. "We would love to have the fans in San Antonio feel an affinity for our
team and like the way we play and the way we run the club. Our goal right now
is to reach out to them and let them know we are interested in them and that
we are going to have a first-class, high-quality operation."

Casserly flew to Minneapolis Thursday to scout the Vikings-Lions game at the
Metrodome before returning to Houston for scouting meetings Friday morning.

The Texans will hold their first Houston Texans Junior Training Camp Saturday
at Memorial Park. The first session, which runs from 11 a.m. to 1 p.m., is
reserved for children from Houston Parks and Recreation who participated in
NFL Flag Football. The NFL Flag Football playoffs and championship game will
follow the session. Texans fans can listen to KIKK 95.7 FM to win a spot in
the second session, which runs from 3-5 p.m. Casserly and local NFL Alumni
will be on hand to provide instruction. The event is sponsored by KIKK,
Academy Sports & Outdoors and Gatorade.

TICKETS ANYONE?
PSLs and Non-PSL Season Tickets are still on sale. Fans can call
1-877-NFL-2002 or go to:
http://www.houstontexans.com

SHOW YOUR PRIDE
For comfort and casual style, the Houston Texans Team Button Down twill shirt
is hard to beat! The Texans logo is embroidered directly above the chest
pocket. Check it out at:

http://store.houstontexans.com/cgi-bin/texans.cgi?stype=polos&associate=texans

EARTHLINK EMAIL
Wear your Texans pride like a badge of honor; now you can get your own Texans
email address (yourname@go.houstontexans.com), courtesy of the Texans and
Earthlink.

Sign up for the Texans Internet Service today:
http://www.earthlink.net/profootball/atlantafalcons
---
You are currently subscribed to texansnews as: GWHALLE@ENRON.COM
To unsubscribe send a blank email to
leave-texansnews-179392T@newsletter.houstontexans.com


Paul,

Thanks for your message. Look fwd to your call.

Vince

"Paul Bristow" <pbristow@riskwaters.com> on 10/19/2000 07:25:21 AM
Please respond to "Paul Bristow" <pbristow@riskwaters.com>
To: <pbristow@riskwaters.com>
cc:
Subject: Power 2000/EPRM 2001

As a speaker at EPRM's highly successful Power 2000 event in  Houston, I am
writing to inform you of our 2001 annual congress and to introduce  myself. I
will be responsible for the production of all North American EPRM  events
having moved from our banking conference and training course division in
July. Just to update you on the whereabouts of the EPRM team, Emma Wolfin is
developing our technology events for Waters conferences and Joel Hanley will
be  starting his new role as an EPRM journalist from November 1st.

EPRM 2001 will be held in Houston on the 14th, 15th & 16th  of May and I am
keen to start the initial research as soon as possible. I intend  to call
each Power 2000 speaker within the next two weeks. Initially, I would  like
to provide you with advanced notice of the event and wish to clarify some
issues.

What current industry developments merit streams or pre/post conference
seminars at EPRM 2001?

What research are you or your company involved in that would justify
inclusion in EPRM 2001?

Aside from your own work, what subjects are currently at the  cutting-edge of
energy risk management?

Who else would you recommend as a potential speaker? (Regulatory bodies,
academics, practitioners)

Any assistance at this initial stage of research is  appreciated. You can
email me or call on +44 20 7484 9883. I look forward to  working with you on
this event.

Paul Bristow

Senior Conference Producer, EPRM  Conferences


----- Forwarded by Jeff Dasovich/NA/Enron on 04/04/2001 11:06 AM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	04/03/2001 07:22 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>,
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>,
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org>,
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>,
<rwhyde@duke-energy.com>
		 cc:
		 Subject: IEP Key Messages

Below are key messages we recommend IEP begin using in light of recent
"price gouging/market manipulation" allegations - including the upcoming
State Senate hearings.
Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

IEP KEY MESSAGES

Generators have been operating under the rules California established for its
electricity market.  We did not create the market, nor did we write the
rules.  In fact, the "big five" generators did not come to California until
AB 1890 invited them into the state, where they?ve since invested billions of
dollars buying, building and modernizing power plants.

. Energy companies, independent financial analysts and IEP warned that the
PUC was failing to implement AB 1890 properly, and that the market was being
set up to fail, especially the residential market.
. Last summer, generators were urging and offering long-term contacts. They
were flatly rejected.  Had they been adopted, the crisis could have been
prevented or its severity dramatically lessened.
. This crisis was caused by three things . the failure to enter into
long-term contracts, forcing an over-reliance on the spot market; a supply
shortage, and no retail market.  The market can be fixed.  It should not be
abandoned.

We?re an important part of the solution.

. We?ve made extraordinary efforts to keep our plants running during this
crisis to supply California homes and businesses with electricity.
. We?ve offered solutions and been cooperative partners in legislative and
regulatory efforts to end the crisis. . Rather than using tax money, we?re
investing billions of private-sector dollars to buy, modernize and build new
power plants in California . to generate electricity for California.
. Our new and upgraded power plants will help improve California?s air
quality and generate power more efficiently.

We?re hopeful that these hearing focus on facts, fairness and accountability.

. "Witch hunts," "scape-goating" and sensational headlines won?t solve the
problem or end the crisis.


storage model
index meeting
wellhead financial product


If you haven't already done so, please give the performance review feedback
to your people (with the exception of Vice Presidents) as soon as possible.

The only remaining PRC meeting is for Vice Presidents and Managing Directors.


Attached please find an UPDATED EPMI Power Credit Watch List as of 03/22/01.
Please direct any questions and/or comments to the Credit Hotline
(713-853-1803).

Please note that PG&E Energy Trading-Power L.P is on NO TRADES for Physical
and Financial Trades.

Distribute to all Power Traders, Originators, and Mid-Marketers.

Thank you,

Veronica Gonzalez


Praveen,

Monday (1/21), 11 p.m. is confirmed.

Vince

 -----Original Message-----
From: 	Praveen Kumar <pkumar@uh.edu>@ENRON
Sent:	Monday, January 14, 2002 1:16 PM
To:	Kaminski, Vince J
Subject:	RE: Lunch Visit this Week

Vince,

Next Monday (1/21) would be fine with us.  We can come at 11 a.m., and
proceed as planned.  Please confirm

Praveen

Praveen Kumar
Chair and Professor of Finance
C.T. Bauer College of Business
334 Melcher Hall
University of Houston
Houston, TX 77204-6021
713-743-4770/713-743-4789 (fax)

-----Original Message-----
From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
Sent: Monday, January 14, 2002 12:55 PM
To: pkumar@UH.EDU
Subject: RE: Lunch Visit this Week

Praveen,

I shall be out on Thursday and possibly Friday.
What about a lunch on Wednesday? We can also meet
on any day next week.

Vince

>  -----Original Message-----
> From: 	Praveen Kumar <pkumar@uh.edu>@ENRON
> Sent:	Monday, January 14, 2002 11:46 AM
> To:	Kaminski, Vince J
> Cc:	warga@uh.edu
> Subject:	Lunch Visit this Week
>
>
>  Vince,
>
>   Thanks for showing the trading room on Friday, and updating me about
your
> employment situation. Arthur and I look forward to meeting you for  lunch
> this week, as we discussed. Thursday appears to be a good time for us. If
it
> is also convenient for you, I would propose us coming there at 11:30 so
> Arthur has the chance to look at one of the trading floors. We can then
> proceed to lunch and talk further about your faculty appointment.
>
> Praveen
>
>
> Praveen Kumar
> Chair and Professor of Finance
> C.T. Bauer College of Business
> 334 Melcher Hall
> University of Houston
> Houston, TX 77204-6021
> 713-743-4770/713-743-4789 (fax)
>
>
> -----Original Message-----
> From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
> Sent: Tuesday, January 08, 2002 3:13 PM
> To: pkumar@UH.EDU
> Cc: vkaminski@aol.com
> Subject: RE: Bauer College Finance Seminar
>
>
> Praveen,
>
> Thanks. I will join you for lunch.
> I shall reserve time on Friday to give you a guided tour.
> After Friday it's a different company and access to the floors will be
> restricted.
>
> Vince
>
> >  -----Original Message-----
> > From: 	Praveen Kumar <pkumar@uh.edu>@ENRON
> > Sent:	Tuesday, January 08, 2002 2:25 PM
> > To:	Kaminski, Vince J
> > Subject:	RE: Bauer College Finance Seminar
> >
> > Vince,
> >
> > I would love to see Enron's trading floors.  However, Arthur is out of
> town
> > till tomorrow evening. I will be seeing him before the seminar so I can
> ask
> > him about Friday. We can discuss this before or after the seminar. Also,
> you
> > are most welcome to join the group that will be going with Darrell for
> lunch
> > after the seminar.
> >
> >
> > Praveen
> >
> >
> > Praveen Kumar
> > Chair and Professor of Finance
> > C.T. Bauer College of Business
> > 334 Melcher Hall
> > University of Houston
> > Houston, TX 77204-6021
> > 713-743-4770/713-743-4789 (fax)
> >
> > -----Original Message-----
> > From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
> > Sent: Monday, January 07, 2002 10:34 PM
> > To: pkumar@UH.EDU
> > Cc: Kaminski, Vince J
> > Subject: RE: Bauer College Finance Seminar
> >
> >
> > Praveen,
> >
> >
> > Sorry for not getting back to you earlier. The last few weeks were
> extremely
> > hectic for obvious reasons. Would you like to visit, together with
Arthur,
> > Enron's trading floors? This week may be the last chance, as the results
> of
> > the auction of our gas and power trading units will be announced
Thursday.
> > Wednesday or Friday would work for me.
> >
> >
> >
> > My employment situation has not been resolved yet but it may finally
> happen
> > later this week.
> >
> > I shall see at the Darrell> '> s seminar on Thursday and I can give you
> more
> > details.
> >
> > Vince
> >
> >
> >
> > -----Original Message-----
> > From: Praveen Kumar <pkumar@uh.edu>@ENRON [mailto:Praveen Kumar
> > <pkumar@uh.edu>@ENRON]
> > Sent: Thu 1/3/2002 2:15 PM
> > To: SloanConsulting@aol.com; everett.s.gibbs@us.andersen.com;
> > vkamins@enron.com; mfkeeth@shellus.com; gerald.w.mcelvy@exxonmobil.com;
> > dph@swbell.net; donna.p.mcginnis@dynegy.com;
Bob.Peebler@halliburton.com;
> > tina.sivinski@eds.com; bruce.sukaly@cinergy.com;
TNTipton@marathonoil.com;
> > bawilliamson@duke-energy.com; bwillia6@us.ibm.com
> > Cc: warga@UH.EDU; pkumar@UH.EDU; bobcasey@UH.EDU
> > Subject: Bauer College Finance Seminar
> >
> >
> >
> > Dear Colleagues on the Energy Committee,
> >
> >         Happy New Year, and best wishes for the coming year. The Bauer
> > College is
> >
> > extremely pleased to start the new year with a seminar visit by
Professor
> >
> > Darrell Duffie of Stanford University, one of the world's truly leading>

> >
> > financial economists. Darrell will be visiting us on Thursday, January
10.
> >
> > I am attaching a seminar announcement that gives the precise title of
the
> >
> > talk and the location, and we would be delighted if you would
disseminate
> >
> > this announcement within your organizations to people you think may be
> >
> > interested in the talk.
> >
> > Best regards,
> >
> > Praveen
> >
> >
> > Praveen Kumar
> >
> > Chair and Professor of Finance
> >
> > C.T. Bauer College of Business
> >
> > 334 Melcher Hall
> >
> > University of Houston
> >
> > Houston, TX 77204-6021
> >
> > 713-743-4770/713-743-4789 (fax)
> >
> >
> >
> >  - BauerSeminar.doc << BauerSeminar.doc >>
> >
> >  - winmail.dat << File: winmail.dat >>
>
>
> **********************************************************************
> 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.
> **********************************************************************
>
>  - winmail.dat << File: winmail.dat >>

 - winmail.dat << File: winmail.dat >>


As promised.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
02:10 PM ---------------------------

James M Bannantine@ENRON_DEVELOPMENT
09/26/2000 11:17 AM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kristina Mordaunt@Enron Communications, Scott Sefton@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp@EES, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen Wallace@ENRON,
Mark E Haedicke@ECT, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Michael Moran@ENRON, Randy Young@ECT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth Labanowski@ECT, Eric
Newell@ENRON, Janet Place@ENRON, Mark A Evans/HOU/EES@EES, Al
Alexanderson@Enron, Stephanie Harris@ENRON, Rob Walls/NA/Enron@Enron, Rex
Rogers@ENRON, Greg Whalley@ECT, Ken Rice@ENRON COMMUNICATIONS, Andrew S
Fastow@ECT, Lou L Pai@EES, Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David W Delainey@ECT, Stanley
Horton@ENRON, Bill Donovan@ECT, Diomedes Christodoulou/SA/Enron@Enron, James
L Noles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill Cordes@ENRON, Larry
DeRoin@ENRON, Peggy Fowler@ENRON, Lance Schuler@ECT, Mark Frevert@Enron, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shawn
Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon@ECT, Jeffrey
Sherrick@ENRON, J Mark Metts@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: FOR IMMEDIATE REVIEW: Agreement Restricting Power Generation
Competition in Asia Pacific Region

I have not followed this closely  but question why we would give a noncompete
for this much of Asia in exchange for what I gather is an increased
expectation in the valuation of Newco in the future if we want to sell.  This
was the one question I have asked about Dragon all along.  It is a big piece
of the world to do everything as a minority with these two other partners
going forward (or have them have a right of first refusal over whatever we
do).  It is difficult to predict the future and this seems restricitive.
Maybe I don't understand it all.

Bruce Lundstrom
09/25/2000 03:54 PM
Sent by: Liz N Martinez
To: Kristina Mordaunt@Enron Communications, Scott Sefton@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp@EES, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen Wallace@ENRON,
Mark E Haedicke@ECT, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Michael Moran@ENRON, Randy Young@ECT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth Labanowski@ECT, Eric
Newell@ENRON, Janet Place@ENRON, Mark A Evans/HOU/EES@EES, Al
Alexanderson@Enron
cc: Stephanie Harris@ENRON, Rob Walls/NA/Enron@Enron, Rex Rogers@ENRON, Greg
Whalley@ECT, Ken Rice@ENRON COMMUNICATIONS, Andrew S Fastow@ECT, Lou L
Pai@EES, Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjay
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David W Delainey@ECT, Stanley
Horton@ENRON, Bill Donovan@ECT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diomedes
Christodoulou/SA/Enron@Enron, James L
Noles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill Cordes@ENRON, Larry
DeRoin@ENRON, Peggy Fowler@ENRON, Lance Schuler@ECT, Mark Frevert@Enron, Mark
A Evans/HOU/EES@EES, Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shawn
Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon@ECT, Jeffrey
Sherrick@ENRON, J Mark Metts@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: FOR IMMEDIATE REVIEW: Agreement Restricting Power Generation
Competition in Asia Pacific Region

General Counsels -

At the direction of the Enron APACHI Office of the Chairman, I am sending
this e-mail to you pursuant to the Enron Corp. Policy on Noncompetition.  I
would appreciate if you would check with your CEO/COO regarding this e-mail
and respond to me by Friday, September 29 if you have questions or concerns.
Enron APACHI may need to commit to the following provisions (that bind Enron
affiliates) by Monday, October 2.

Given the consolidating power generation market in Asia Pacific, Enron Asia
Pacific/Africa/China (Enron APACHI) is proposing to enter into a transaction
with Marubeni and Sithe Asia to combine the respective power generation
portfolios into a single company (Newco).  Newco would be charged with making
the shareholders' investments as liquid as possible to allow for sale of the
shareholders' respective stakes in Newco.

The shareholders believe that Newco must not be seen by the market as a
"dumping ground" for existing power projects but rather as the vehicle
through which the investors will continue to pursue power generation
opportunities in Asia.  As a result, Enron APACHI proposes to include
competition restrictions in the Marubeni/Enron Shareholder Agreement that
would bind their respective affiliates.

The following is a summary of these competition provisions:

Enron affiliates (with the exceptions stated below) could only develop or own
power projects in the Asia Pacific Region (as defined below) after first
offering the opportunity to Newco.  If Newco declines the opportunity, Enron
would be free to own the project itself or offer the project to third parties
provided that the terms do not materially improve.  Development or ownership
does not include the provision of construction, O&M, offtaker or risk
management services.

There are a number of exceptions to this rule:  (a) small projects involving
20 MW or less; (b) projects in which Enron owns less than a 1/3 interest; (c)
projects initiated by our SK joint venture; (d) Korean projects using natural
gas produced by Enron; (e) projects obtained in a corporate acquisition in
which Asia generation is less than 20% of the value of the acquisition; and
(f) situations in which any Enron company would be exposed to fiduciary
liability to another shareholder in complying with the competition
restriction.

"Affiliates" will be defined to exclude Enron affiliates which are
publicly-owned (e.g., Azurix).

"Asia Pacific Region" will be defined to include Brunei, China (including
Hong Kong and Macau), South Korea, North Korea, Taiwan, Vietnam, Laos,
Cambodia, Thailand, Myanmar, the Philippines, Malaysia, Indonesia, East
Timor, Singapore, Papua New Guinea and the Pacific Islands (including Guam,
Saipan, the Federated States of Micronesia, and Fiji, but excluding Hawaii).
It does not include Japan and Australia.

The competition clause would survive until the earlier of (a) Enron selling
its interest in Newco or (b) December 31, 2003.

Thank you,
Bruce Lundstrom, General Counsel, Enron APACHI


late night yesterday?


Comments:

1.  In the sentence between eqn. 3 and eqn. 4,  I think "annualized
volatility"  should replace "annualized standard deviation."

2.  As to the comment,  "Immediately we see something quite
counter-intuitive."    I would disagree.   I think that its quite intuitive
that this model should get closer to the Black-Scholes price as what is
defined as the "jump" component becomes just part of the main price
distribution, which happens if we define a jump to be only a 1-sigma
event.    The table does show, however, that the results of using this model
are very sensitive to exactly how you choose to define a "jump" (i.e. 2-sigma
or 3-sigma... events),  and this is one difficulty in using the model in
practice.

3.  In the paragraph after the table, I don't understand the argument about
hedging the option.  Especially about buying a swap which would pay on the
difference between the strike and Fs.   This seems non-sensical.

4.  I could not follow the logic of the last two sentences of the article, so
this point should probably be explained more clearly.

--Stinson

Vince J Kaminski
08/18/2000 08:15 AM
To: Grant Masson/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Alex
Huang/Corp/Enron@ENRON
cc:
Subject: Alex's paper

Minor changes I made to Alex's paper.

Vince


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

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DANIEL, SHONNIE L               BARBARA N GRAY                  Nov 03, 2000
HODGE, JOHN W                   STEPHANIE W MILLER              Nov 03, 2000
LEGLER, MICHAEL J               DAN J BUMP                      Oct 31, 2000
MARSHALL, CHERYL L              NATHAN L HLAVATY                Nov 03, 2000
MEYER, CHRIS M                  STEPHANIE W MILLER              Oct 31, 2000
OGDEN, MARY C                   BARBARA N GRAY                  Oct 31, 2000
RADFORD, PATRICIA A             STEPHEN W VAN HOOSER            Nov 03, 2000


Please send this email to anyone that may need to see it.  I'm sure I left
someone out.

This is citygate gas ENA will sell to CES for June.  This will reduce the
numbers on the sheet Doug sent us yesterday.

East Ohio Gas on CNG
10,000 dth/ month from Power Gas Marketing

CPA on TCO
500 dth/day from Power Gas Marketing
1,833 dth/day from StatOil
1,100 dth/day from Questa - Note:  this is an estimated volume.  We should
know the actual volume in the next day or so.

Note:  CES is not taking any Carnagie gas at CPA.

National Fuel
250 dth/day from Belden & Blake.  The deal expires 6/30/2000.

Equitrans
All of the Equitrans is production or pool gas on the pipeline.  ENA
nominates this gas.  CES still has a citygate load of 1,280 dth/day for June
on Equitrans so the production gas will be delivered to CES.

CES will not be receiving any local production behind Peoples or NYSEG.


-----Original Message-----
From: Black, Andy [mailto:Andy.Black@mail.house.gov]
Sent: Friday, September 21, 2001 5:12 PM
To: Andrea Spring (E-mail); Annie Caputo (E-mail); Bob Nordhaus (E-mail); Bud Albright (E-mail); Cal Odom (E-mail); Charles Ingebretson (E-mail); Chris Giblin (E-mail); Cynthia Sandherr (E-mail); David Lugar (E-mail); David Lynch (E-mail); Ed Gillespie (E-mail); Gene Peters (E-mail); Jeanne Wolak (E-mail); Jeff MacKinnon (E-mail); Jim McVaney (E-mail); Joe Nipper (E-mail); Joe Vasapoli (E-mail); Shelk, John; Kathryn Steckelberg (E-mail); Kerrill Scrivner (E-mail); Les Starck (E-mail); Robertson, Linda; Linda Stuntz (E-mail); Marty Kanner (E-mail); Mike McKenna (E-mail); Mike Riith (E-mail); Mike Scrivner (E-mail); Philip Moeller (E-mail); Randy Davis (E-mail); Rhod Shaw (E-mail); Rich Glick (E-mail); Roy Coffee (E-mail); Stephen Sayle (E-mail); Yvonne Mcintyre (E-mail)
Subject: Electricity discussion draft

<<discussion draft highlights.doc>> <<discussion draft section-by-section.doc>> <<discussion draft september 21.PDF>>


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 09:41
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/19/2001 10:42:28 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: FW: ENA Letter

Kay:

See Greg's e-mail below.  Attached is a re-draft of the "no objection to
forms" letter.  I have not yet furnished the re-draft to Greg.  Please
review and advise of any comments.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
 <mailto:ccampbell@kslaw.com> ccampbell@kslaw.com

Enclosure:    140366v4

-----Original Message-----
From: Lang, Gregory F. [mailto:gregorylang@paulhastings.com]
Sent: Thursday, April 19, 2001 8:58 PM
To: 'ccampbell@kslaw.com'
Subject: ENA Letter

Carolyn- I discussed the issue re the ENA letter with the lenders and they
can live with the delivery of a letter attaching the forms with the "no
objection" and "no act in furtherance of frustration" language we discussed
with Kay.  We also need to make sure a mechanism in place that ensures that
upon Pegasus' payment of the $800 on the morning of the transaction closing
(post-Turbine K execution and pre-escrow release), ENA will deliver the
membership interest in Salmon and any other deliverable required to allow
the Delta/Pegasus slate of officers to be installed to execute the Salmon
Note and the Salmon Security Agreement. I suppose this can be effected in
that escrow control letter that Freshfields is drafting that ENA and the
lenders will sign.

Do you want to redraft your letter or would you prefer us to mark it up. Let
me know.

Greg

Gregory F. Lang
Paul, Hastings, Janofsky & Walker LLP
1055 Washington Blvd.
Stamford, CT 06901

203.961.7446 (p)
203.674.7646 (direct fax)
203.359.3031 (firm fax)
gregorylang@paulhastings.com <mailto:gregorylang@paulhastings.com>

"paulhastings.com" made the following annotations on 04/19/01 21:57:48
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 - ENA Ltr to Delta Lender re Form of Agmt.DOC