There have been a lot of emails being circulated internally about BAREP and
from BAREP.  The current situation as I understand it is that ECTRIC, the
Oslo Branch of ECTRIC and ENA all plan to enter or have entered into
derivative transactions with BAREP.  (I also understand that BAREP consists
of two legal entities, one that sells options and one that buys options,
although It is not clear to me how this split structure will come into play
for the transactions each of the Enron entities may be interested in
pursuing.)  BAREP is prepared to sign ISDA Master Agreements with both ENA
and ECTRIC and is actively looking to start negotiations.

From a credit and legal perspective it is our preference to have only one
Enron entity enter into a master with BAREP.  If ECTRIC is the entity that
will have the most contact with BAREP then it makes sense to have ECTRIC
enter into the ISDA with BAREP.  To the extent that ENA would like to trade
with BAREP I would propose that ECTRIC enter into the trade directly with
BAREP and then have ECTRIC either back to back the trade to ENA or otherwise
account for the transaction back to ENA.  (Pending execution of a master each
Enron entity should continue to document transactions as they have been
doing.)

If this proposal makes sense to the rest of you I will need to know if it
works from a regulatory and tax perspective.

Steve, Janine, is there any reason why ENA would not be able contact the
traders at ECTRIC to have them enter into a transaction with BAREP and then
have them back to back the transaction to ENA?

Please let me know if anyone else needs to give input into this issue or if
there are any other concerns or issues that will need to be addressed to
cover this situation.

Thank you for your help.
Brent Hendry.

	Martin Rosell@ECT
	10/19/2000 02:22 AM

		 To: Brent Hendry/NA/Enron@Enron
		 cc: Tanya Rohauer/HOU/ECT@ECT
		 Subject: ISDA Master Agreement between Enron North America and Banque de
R,escompte et de Placement (BAREP)

Can you clear such an arrangment with Tax, Trading and Documentation, I'm
happy to play along.  Please don't let this issue stop you from addressing
the Barep docs matter.  Thanks.

Martin
---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-10-19 09:16
---------------------------
From: Brent Hendry@ENRON on 2000-10-16 11:59 CDT
To: Martin Rosell/OSL/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT

Subject: ISDA Master Agreement between Enron North America and Banque de
R,escompte et de Placement (BAREP)

Martin,
I am not sure who is pushing having two master agreements with Barep.  From a
legal and credit perspective it would be better to have one master in place
and if the other Enron office wants to trade with Barep we can do it through
the existing master and back to back the transaction internally.  I do not
mind having the master done from here but, unless there are factors I am not
aware of, it would not make sense to split our credit with another master
from London.  Tanya do you have any insight on this issue?

Let me know if you can why there is the push for two masters.

Thanks,
Brent

----- Forwarded by Brent Hendry/NA/Enron on 10/16/2000 11:56 AM -----

	Martin Rosell@ECT
	10/16/2000 11:52 AM

		 To: radia.djama@socgen.com
		 cc: Brent Hendry/NA/Enron@Enron
		 Subject: ISDA Master Agreement between Enron North America and Banque de
R,escompte et de Placement (BAREP)

Radia,

Thanks for your note below.  Since Enron trades from different entities in
North America and Europe, I assume that we're talking about two sets of
contract, one between Enron North America Corp. ("ENA") and Barep and one
between Enron Capital & Trade Resources International Corp. ("ECTRIC") and
Barep.  In order to avoid duplicating work, a way forward could be to let ENA
and Barep conclude their contract, whereupon ECTRIC and Barep largely could
replicate the terms between the former in their own ISDA master agreement.
As to the ISDA between ENA and Barep, please forward your draft documentation
to my colleague in Houston; Brent Hendry, on fax +1 713 853 3129.  For your
information, ECTRIC is a Delaware-incorporated company and a wholly-owned
indirect subsidiary of Enron Corp.

Regards,

Martin Rosell
---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-10-16 18:39
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  radia.djama@socgen.com                           2000-10-16 12:34

To: Martin.Rosell@enron.com
cc: michel.queruel@socgen.com, oriane.cheneau@socgen.com, Steven.Vu@enron.com

Subject: ISDA Master Agreement between Enron North America and Banque de
R,escompte et de Placement (BAREP)

Dear Mr Rosell :

I am a legal counsel in charge of the negotiation of the Master Agreements.

I refer to the last e-mails from my colleague Oriane Ch,neau addressed to
Steven
Vu in order to put an  ISDA Master Agreement in place between our two
companies.

Before sending  you our draft, we would be grateful if you could provide us
the
status of your company as soon as possible.

The best for us is to send our draft today or tomorrow at the latest.
Also, could you please confirm wether your fax number is well 00 47 2 310 25
50.

Should you have any questions, do not hesitate to contact me.

Thank you in advance for your reply.

Best regards,

Radia Djama
Legal counsel
Tel : 33 1 53 32 90 75
Fax : 33 1 53 32 91 21

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

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Toute utilisation ou diffusion non autoris,e est interdite.
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de ce message s'il a ,t, alt,r,, d,form, ou falsifi,.

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This message and any attachments (the "message") are confidential and
intended solely for the addressees.
Any unauthorised use or dissemination is prohibited.
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Gerald,

We were approached before the holidays by First Union representing Universal
Compression to potentially serve as a back-up fleet manager for a large
portion of their fleet that they are trying to take off balance sheet (via
First Union) should they become insolvent.  They are trying to do this
simultaneously with the close of the merger with Weatherford.  Mark and I met
with the CEO (Steve Schneider) and CFO (Ernie Danner) prior to the holidays
to discuss this a little further as well as a broader alliance between Enron
and Universal to chase electric horsepower deals.   Universal is comfortable
with Enron having somebody like Hanover as a back-up to be called upon should
Enron be called to fulfill it's role and even with a spread, so long as
Hanover does not "see" Universal and vice-versa.  Suggested stand-by fee of
$150,000-$200,000/yr. has been casually thrown out.  Please review the
attached document and let's discuss further - perhaps tomorrow morning.  I
talked with Steve Schneider yesterday and he told me that Ernie Danner would
be getting with me today regarding a confidentiality agreement regarding this
deal as well as a potential marketing alliance, which we would like to
discuss further with you as well.  Give me a call when you get a chance and
we'll set something up.

Thanks,
Chris

You will find attached a copy of an agreement that has been forwarded to us
regarding
----- Forwarded by Chris Hilgert/HOU/ECT on 01/04/2001 10:16 AM -----

	Tim Proffitt
	12/14/2000 08:03 PM

		 To: Chris Hilgert/HOU/ECT@ect
		 cc:
		 Subject: Secondary Service Provider - Contract

Don't know if I ever sent you this, but here is an electronic copy of this.

Tim
---------------------- Forwarded by Tim Proffitt/HOU/ECT on 12/14/2000 08:05
PM ---------------------------

"Kipp, James" <james.kipp@funb.com> on 11/30/2000 09:19:20 AM
To: "'tim.proffitt@enron.com'" <tim.proffitt@enron.com>,
"'john.thompson@enron.com'" <john.thompson@enron.com>
cc: "'edanner@universalcompression.com'" <edanner@universalcompression.com>
Subject: Secondary Service Provider - Contract

First Union Securities, Inc.

The attached file is an generic sample of the contractual role the SSP would
be asked to fulfill under the ABS structure.  Give me a call should you have
questions.  James

James M. Kipp
Managing Director
Energy Investment Banking
(713) 346-2701 - Direct
(713) 650-1208 - Fax
e-mail:  james.kipp@funb.com

>  <<Mgmt Agrmt 11_00.doc>>
>
>
>
>
>
>

 - Mgmt Agrmt 11_00.doc


It was derated by 3200 MW, raising Mid-Columbia prices by $50-75/MWh.  It's
not effecting Cal ISO's return of power because that power is flowing on
different transmission, from the Nevada Oregon Border north, not from the
California Oregon border North.
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/26/2001 10:56 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Gannett, Craig" <CraigGannett@DWT.COM>
01/26/2001 10:53 AM

To: "'Mary.Hain@enron.com'" <Mary.Hain@enron.com>
cc: James.D.Steffes@enron.com, csandhe@enron.com, Sean.Crandall@enron.com,
Tim.Belden@enron.com
Subject: RE: COB Exports denied

 I like the idea alot, and I'll call you later this morning.  In the
meantime, do we have any idea how much power is being kept in CA by the
transmission derating?    How much is it affecting the market price in the
NW?  Is it also affecting CA's ability to return power to BPA pursuant to
the one-for-two exchange agreement?  I know these are probably tough
questions to answer, but the staff of NW members will want our best
estimate.

 Craig

-----Original Message-----
From: Mary.Hain@enron.com [mailto:Mary.Hain@enron.com]
Sent: Friday, January 26, 2001 10:27 AM
To: Gannett, Craig
Cc: James.D.Steffes@enron.com; csandhe@enron.com;
Sean.Crandall@enron.com; Tim.Belden@enron.com
Subject: COB Exports denied

From an operational perspective, during a Stage 3 Emergencies, the ISO has
three options available to keep the lights on.   It can (1) buy more power
(under its DOE granted Section 202(c) authority), (2) cut scheduled power
transactions, or (3) derate transmission capacity used to export power from
its system.  The Cal ISO has recently been derating to zero transmission
capacity to the Northwest (option 3).  Because transmission users can't get
capacity to sell their power outside California, the effect is that the ISO
gets cheaper power over customers in the NW.

I was thinking of a political approach to solving this problem.  I was
wondering if you could work with your contacts to mobilize NW Senators (?)
to write a letter to the California ISO and the Governor; you might even
get Steve Wright to sign on given that this  situation must make it more
difficult for him to balance his budget.

The central theme of the letter would point out what a hue and cry there
would be if BPA engaged in such actions and that California is simply
trying to get cheaper power than the rest of the region.  It could also
point out that the Cal ISO already has the mechanism of the Secretary of
Energy's Section 202(c) orders to get the power it needs for an emergency
and that this order is fairer because it allows market participants to have
a just and reasonable rate determined (albeit after the fact) for the
power.  I wouldn't bring up the ISO's authority to cut scheduled power
transactions.  I don't think we want to encourage that.

What do you think?  Call me.


Thanks for keeping me posted on this.  Do let me know if there are further
problems.


Dan, please let me know if you need some history of the changes.

Steve
ext. 36900

---------------------- Forwarded by Steven Curlee/Corp/Enron on 11/03/2000
11:22 AM ---------------------------
From: Russell E Murrell on 11/03/2000 09:29 AM
To: dwear@pecorp.com
cc: Steven Curlee/Corp/Enron@Enron, Dan J Hyvl/HOU/ECT@ECT

Subject:

Attached is a revised draft of the QNT confirm.

Russell Murrell
(312) 541-1159


FYI.  I'll be overnighting to you the analysis done for core/noncore by the
Gov's finance people.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 05/30/2001 03:48 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/30/2001 01:39 PM

		 To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Paul
Kaufman/Enron@EnronXGate, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron, mpalmer@enron.com, James D Steffes/NA/Enron@Enron,
Linda Robertson/NA/Enron@ENRON, Susan M Landwehr/NA/Enron@Enron
		 cc:
		 Subject: Hertzberg

Folks:

Here is a rewrite of the power point presentation referenced in the previous
note.  Again, please keep confidential and do not distribute.  It's the copy
that Hertzberg used to present to his caucus.Thanks.

Best,
Jeff

P.S.  Our numbers show that noncore for Edison would be about 30% of load;
Hertzberg has it at about 20%.


You should have read access to our Financial Trading Agreements database
which should allow you (since you are in legal and can view the confidential
comments section) access to the comments.  We are reducing counterparty's
threshold.  Take a look, and see if you can see comments now.

	Limor Nissan/ENRON@enronXgate
	06/07/2001 03:46 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: RE: Enron Canada isda with Transalta

Which way?

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com

 -----Original Message-----
From:  Jones, Tana
Sent: Thursday, June 07, 2001 4:19 PM
To: Nissan, Limor
Subject: Re: Enron Canada isda with Transalta

One note.  We are currently negotiating some credit amendments to this
agreement.

	Limor Nissan/ENRON@enronXgate
	06/07/2001 03:02 PM
		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Enron Canada isda with Transalta

Hi Tana,

The executed ISDA list says that we,ve got one b/t Enron Canada and
Transalta.  Can I get a copy of the docs faxed to me asap??

Thanks a lot,

Limor

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com


Thanks.

Let me know when the contract comes in for the API, how it looks and what the
voyeur charge is.

Get us on whatever panel they come up with on mid/back office.  Who should
sit on this panel?

You and I have discussed the clearing thing and our doubts about clearing for
everyone, etc.

What were the next steps or meetings you discussed with him?

GP

 -----Original Message-----
From:  Zipper, Andy
Sent: Monday, June 04, 2001 1:46 PM
To: Piper, Greg; Whalley, Greg; Kitchen, Louise; Sherman, John
Subject: ICE

I met with Jeff Sprecher of the Intercontinental Exchange for almost an hour
and a half and thought it would be a good idea to bring you up to speed on
where they are heading.

1). We now have the complete API to them, but it is hooked up to their test
environment. They will be sending us a contract to sign before they connect
it to their production site. He assured me it will be the same contract that
all the founders have to sign to get access to it. Esentially, if we trade or
provide prices the API will be free; if we are voyeurs then we will have to
pay for it.

2). He stated that charging commssion is not a denfensible business model.
They will try to make their money through mid and back office services.

3). Their purchase of the IPE is directly related to implementing 2). his
vision is to use the IPE infrastrucutre to make all derivative trades cleared
and then use the FCM's to fulfill the back office movemment of funds tasks.
In a nutshell he beleives the FCM's are all interconnected and used to moving
money around for settlements and margins through the clearinghouse, so why
not expand their role.

4). When I expressed some skepticism about 3). he asked if we would like to
participate in a forum with other ICE members to discuss shared mid and back
ofice services. I told him we would.

If anyone has any questions about this let me know.

AZ


Who are we designating?
----- Forwarded by Richard B Sanders/HOU/ECT on 12/03/2000 07:05 PM -----

Calendar Entry:
All Day Event

Subject:
Calpine/Pls. Expert Designation deadline
Location:

Begins:
Wed 12/06/2000

Entry type:

Ends:
Wed 12/06/2000

Time will appear free to others.

Others cannot see any details about this event.

Have Notes notify you before the event.

Categorize:

Description:


-----Original Message-----
From: 	Nemec, Gerald
Sent:	Monday, November 12, 2001 4:19 PM
To:	Redmond, Brian
Subject:	RE:

Attached is the structure with my comments.  Concerning the earlier question.  It is not clear under Texas law whether the surface rights by themselves are sufficient to convery the right to use property for gas storage.  Thus the rights should be leased from both the surface owner and the mineral owner to be sure.  I revised the transaction sheet to reflect this.  Let me know if you have any questions.

 -----Original Message-----
From: 	Redmond, Brian
Sent:	Monday, November 12, 2001 3:39 PM
To:	Nemec, Gerald
Subject:

Please review

 << File: Structure_RevA.doc >>


Joe:
FYI.
carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/13/2000 11:37 AM -----

	"Linda Busk" <Lbusk@hsresources.com>
	06/13/2000 11:27 AM

		 To: <Cstclai@enron.com>
		 cc: "Jim Duffy" <Jduffy@hsresources.com>, "Jim Kincaid"
<Jkincaid@hsresources.com>, "Marc Peter" <Mpeter@hsresources.com>, "Pam
Smith" <Pasmith@hsresources.com>, "Theo Gazulis" <Theo@hsresources.com>
		 Subject: Assignment

Carol, attached is a form of assignment and the respective Appendix A for the
proposed transfer of trades from HS Resources, Inc. to HS Energy Services,
Inc.  Please direct your comments and questions to me.

We hope to have comments on Enron's proposed ISDA with HS Energy Services
tomorrow.

Jim Piccone
303/296-3600 x 414
Fax: 303/296-9709
jpiccone@hsresources.com

 - HSR-HSESEnron.doc
 - Enron.xls


That envelope should probably go to Rob Milnthorp.  I'll have a copy walked
down to John Lavorato here.  It is a list of all of our NYMEX positions, and
the list should be provided by Rob to any traders trading NYMEX out of
Canada.


-----Original Message-----
From: 	Winfrey, Christa
Sent:	Wednesday, November 14, 2001 11:59 AM
To:	Tijerina, Shirley; Hogan, Irena D.; Solis, Melissa; Bates, Kimberly; Harvey, Claudette; Black, Tamara Jae; Coleman, Venita; Rode, Tina; Holcombe, Tina ; Clyatt, Julie; Roberts, Chaun; Vuittonet, Laura; Jones, Melissa; Rangel, Ina; Presas, Jessica; Salinas, Michael; Collins, Angie; Finnels-Neal, La Donna; Snow, Dina; Villarreal, Alexandra; Young, Becky; Irvine, Geraldine; Rybarski, Amanda; Choate, Heather; Chapman, Christy; Leigh, Lorie; Zarsky, Lisa; Gordon, D'ann; Butler, Shelly; Noske, Linda J.
Cc:	Shepperd, Tammy R.; Schoppe, Tammie; Brooks, Loretta; Lopez, Susan; Duree, Janelle; Smith, Carli; Belsha, Lorie
Subject:	Additional Move Related Information

A few more important reminders...

Chairs:  Must be labeled for the move---use the wire tags included in your move packets.
Keyboards, mice:  ONLY label non-standard types (i.e. wireless mice/keyboards, special ergonomic keyboards); otherwise, do not label.
Phones:  Do not label these.  New phones will be at your workstations at Enron Center South.
Laptops, cell phones, palm pilots, etc.:  Be sure to remind your groups to take these home.  The move team will not be responsible for moving these over.  However, docking station, cradles, etc. should be labeled.  The move team will move these over and set them up for you.

Thanks again for all your hard work,
Christa
 -----Original Message-----
From: 	Shepperd, Tammy R.
Sent:	Tuesday, November 13, 2001 5:00 PM
To:	Tijerina, Shirley; Hogan, Irena D.; Solis, Melissa; Bates, Kimberly; Harvey, Claudette; Black, Tamara Jae; Coleman, Venita; Rode, Tina; Holcombe, Tina ; Clyatt, Julie; Roberts, Chaun; Vuittonet, Laura; Jones, Melissa; Rangel, Ina; Presas, Jessica; Salinas, Michael; Collins, Angie; Finnels-Neal, La Donna; Snow, Dina; Villarreal, Alexandra; Young, Becky; Irvine, Geraldine; Rybarski, Amanda; Choate, Heather; Chapman, Christy; Leigh, Lorie; Zarsky, Lisa; Gordon, D'ann; Butler, Shelly; Noske, Linda J.
Cc:	Schoppe, Tammie; Brooks, Loretta; Lopez, Susan; Duree, Janelle
Subject:	Move Related Issues

As you all know, our move is scheduled for this weekend.  Hopefully,  you and your groups are all progressing well in your preparations for the move this Friday. Please take the time to read the information contained in this message because most of the information contains reminders or FYI items and will be important to you and your group.  Please forward this to those in your group that may need this information.

?	Voicemail instructions - Please have everyone in your group clear all new voicemail messages by 5:00 PM, Friday, 11/16.  All saved messages, greetings and recorded names will be saved.  If a message is left before cutover the message will be saved, but the message light will not be displayed when you arrive.  As a precautionary meassure please check voice mail upon your arrival Monday morning even if the message light isn't on.

?	Building access - ECS will not be available for general access until Monday morning at 5:00 AM.  Due to the gas and power moves being combined, it is unlikely that the move team will be prepared for the POC's to come in on Sunday to unpack.  (Separate instructions will be generated for those who are needed to test trading applications.)  NOTE: Only those whose names have been approved and submitted to security will be allowed access on Sunday.
o	Monday - 5:00 AM for all employees

?	Security & badges -  All POC team members should be familiar with the routes into ECS as we discussed at our recent move meeting.  Please be sure to share this information with all of the people in your group.  If you need additional copies of the floor plans that have the access routes highlighted, please contact Carli Smith (5-3473). Please stress to everyone to have their badges with them at all times.  No one will be allowed access without their badge.  If anyone tries to access the building from the garage via the skyring and they do not have their badge, they will be sent back through the garage to the street level to walk across the street to the round kiosk in the Enron building lobby to get a guest pass and then proceed back to ECS via the 2nd floor and the skyring.

?	Move team colors - As mentioned at the move meeting, the following is a list of the color designations (vests) for the various teams that will be on the floor when we move in.
o	Red - Move Team
o	Orange - Desktop Support/IT
o	Green - Telephony

?	Newspaper subscriptions - The delivery location for all newspaper subscriptions need to be changed to ECS 05/06.  It is our intention to have all daily newspapers delivered to the mail desk located in the ECS 2nd floor corridor.  It will be the responsibility of the assistants to either pick up the papers for their group or designate someone in their group to pick up the papers.  If your papers continue to be delivered to your old floor of ECN, contact Sunny Rodgers (3-6116).

?	Move boxes -  Please encourage your group to pack and bring no more than about 6 boxes per person.  You may call Facilities (3-6300) if you need to request additional boxes.

?	Move labels -  If you run out of labels or if you are missing any labels, please call Carli Smith (5-3473) to have additional or missing labels printed.

?	Laptops - Important - Please ensure that all cable locks have been removed from all laptop computers by 5:00 PM on Friday.  If any cable locks are left on the computers they will be destroyed by the move team in order to move the computers as scheduled.

.	Bottled water - Every kitchen has an ice machine that also dispenses filtered water.  The large bottles of water (5 gallon) will not be allowed on the floor.  We would also like   to discourage the use of small bottles of water due to limited storage space and the availability of filtered water at several locations.

?	Phone sets - Although most of you are aware of this, we just wanted to remind you that there will be only one phone on each desk - either a turret or an Avaya, but not both.  Do not tag your phones, a new phone will be waiting for each person on their desk in the new building

I hope I have covered some of the outstanding questions or issues you might have, but if I have missed something, please let me know.  Thanks so much for all your help and hard work.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Training/Susan, Jim Wiltfong, Sheila (Conference Room 4102)

Date:		8/17/2000
Time:		3:00 PM - 4:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/13/2000
02:03 PM ---------------------------

Sheridan Titman <titman@mail.utexas.edu> on 02/29/2000 05:29:19 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: this and that

Hi Vince:

 I haven't talked to you in a while and wanted to touch base with you on a
couple of issues.

1. Is there someone at Enron who would be interested in speaking to our
MBAs about real options? Jim Dyer from our management science group is
interested in having someone for his decision analysis class this spring.
Also, I am thinking about having a panel discussion in the Fall on
valuation issues.

2. I recently received a phone call from the editor of the Journal of
Applied Corporate Finance, which is a practioner journal sponsored by the
Bank of America and Stern Stewart which is distributed to academics and
major corporations.  They are doing a special issue on Energy and are
interested in an article on how energy derivatives are used for risk
management.  Are you aware of anyone from Enron who has written such an
article?

3. Last fall when you visited us at UT we discussed the possibility of
giving lectures to Enron employees on valuation.  Ehud and I sent you a
proposal but didn't get a response.  Is there still an interest in this.

4. Murray Carlson and I are developing a general equilibrium model that we
think is potentially useful for valuing oil and gas derivatives as well as
real investments.  If you think this approach might be potentially useful
for Enron, we would be interested in presenting our model to your research
group.

I look forward to hearing from you soon.

Best regards,

Sheridan
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu


Hi Guys

Please see below (and in Lara's email) some of the issues we thought needed
to be addressed in the "back to back" agreement between Enron and MG.

Possibility of indemnity from MG re counterparty credit risk being held by
Enron (in the event that no compensation is payable)?

Please notify Edmund if there are any other issues which need to be covered
in this document.

Regards

Amita
---------------------- Forwarded by Amita Gosalia/LON/ECT on 12/06/2000 21:32
---------------------------
From: Lara Fields on 09/06/2000 17:51
To: Janine Juggins/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT

Subject: 'Sleeving Agreement' main concerns

Hi Janine,

As discussed here is our list of topics we feel the 'Sleeving' Agreement
should cover.  We think that it should remain as broad as possible to avoid a
delay in Legal negotiations over the finer details.

Please let us know your thoughts and we will send these up to Justin.  If you
could please review this as soon as possible, we would appreciate it as
Justin is out of the office next week.

Confidentiality - covering all EnronOnline applications and trading strategies
Performance of obligation to deliver / receive product
Invoices and Confirmations - confirmations for EOL deals should be processed
by MG staff and sent out with proper Enron entity, also send confirms to Enron
Assumption of underlying position by MG - Enron fully transfers positions to
MG
Provision of data feeds - i.e. information to the Credit Aggregation System
and/or to the RAC value at risk system
Information provision- for Management Reporting purposes
Compensation for Credit risk taken? -  please advise if you feel this is
necessary.

Thank you!
Lara


I discovered it was a non-ISDA master, so I had to delete the weather.


Today's IssueAlert Sponsors:

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May 24, 2001

Southern Company: A National Competitor,
or Master of Its Domain?

By Will McNamara
Director, Electric Industry Analysis

[IMAGE]At an annual meeting of shareholders on May 22, Southern Company's
(NYSE: SO) new CEO Allen Franklin said the company will become a dynamic,
growing, "super-regional" energy company that emphasizes customer service and
shareholder value. In addition to maintaining and improving its annual
dividend of $1.34 per share, Franklin disclosed that, moving forward,
Southern Company will implement a new business strategy, which focuses
geographically on serving 10 states in the so-called "super Southeast."
Franklin also noted that the new strategy concentrates on Southern Company's
regulated retail business, which represents 90 percent of the company's
business.

Analysis: Two recent and significant events at Southern Company set the stage
for this pronouncement of a "new" strategy for the energy company based in
Atlanta. The spin-off of its highly successful Mirant Corp. (NYSE: MIR) six
weeks ago and the simultaneous retirement of former CEO Bill Dahlberg (which
led to the appointment of new CEO Franklin) make the timing right for
Southern to re-establish its vision in the industry. However, it seems to me
that there is not much that is new about Southern Company's recently unveiled
business strategy, which primarily focuses on growth within 10 Southeast U.S.
states. In fact, for the last decade Southern has kept its regulated
operations squarely focused on its service territory, put little emphasis on
U.S. expansion and contributed to the Southeast region's general reluctance
to deregulate. Yet now, even as national energy competitors grow larger and
larger, Southern Company's strong local presence and vertical integration
approach may ultimately prove to be the smartest strategy of all.

It was only four years ago, as the first group of deregulated markets began
to operate, that Southern Company billed itself as a "900-pound gorilla,"
implying that its number of customers and generation assets represented a
formidable challenge to any other electric operation in the nation. This was
a view that was shared by most observers. Before consolidation and mergers
and acquisitions began to accelerate, it was generally thought that Southern
Company was the energy operation to beat in terms of scale and market
prominence. However, the energy industry's playing field has changed
dramatically since that time. Now, Southern's stats (32,000 MW of generation,
4 million customers and market capitalization of $15 billion) are trumped or
rivaled by the likes of AEP and Exelon, companies that also span a much wider
operational base than Southern Company.

Granted, Southern Company has not sat around idly over the last four years
and let competitive opportunities pass it by. Mirant Corp. (formerly Southern
Energy) has been quite aggressive on a global and national scale. Yet, this
formerly unregulated subsidiary of Southern Company is now a $13 billion,
stand-alone company that is still riding on the glory of a strong IPO
(current MIR shares are priced at $45 as of May 24 following its October 2000
IPO price of $21). Now, Southern Company proceeds on its own with a strategy
that is in many ways a recycling of what has been a slow growth (but
successful) formula for its regulated operations. The company says it will
focus on its five regulated utilities (Alabama Power, Georgia Power, Gulf
Power, Mississippi Power, and Savannah Electric) and unregulated power
generation and energy products in the "Super Southeast." The focus on
unregulated power generation, through which Southern reportedly plans to add
another 6,000 MW by 2003, most likely refers to subsidiary operations such as
Southern Nuclear and Southern Company Energy Solutions.

Moreover, Southern appears perfectly content to maintain a strong local
presence, gain a healthy dividend on its regional utility operations and hold
uncontested market power throughout its service territory. Who could blame
them? This has been a lucrative business model for the company for some time.
Southern's 1Q 2001 earnings, excluding contributions from Mirant, were $180
million, or 26 cents per share, compared with $151 million, or 23 cents per
share, in 1Q 2000. Further, the company holds an exemplary relationship with
customers (receiving the highest ranking in overall customer satisfaction,
according to a recent study) and local regulatory commissions.

However, this business model should not be referred to as a "new strategy."
Southern Company has always been a "super-regional" operation with its own
profitable niche that remains clearly defined. The difference now-in addition
to expanding from four to 10 states in the same region-is that Southern may
very well be on the right track and positioned to have the last laugh as the
deregulation game continues to unfold.

As noted, one of the consistent criticisms of Southern is that it has
remained too focused on its service territory of the Southeastern United
States and, through this prominence in the region, has prevented other
companies from penetrating Southern's region. (This is a criticism that has
also been leveled at Duke Energy, Southern's neighbor to the north, which has
a lock on the Carolinas.) FERC recently rejected Southern's proposed SeTrans
Gridco (the company's proposal for a regional transmission organization) and
told the energy company not to re-apply until it had explored joining
neighboring utilities in an RTO (such as GridSouth and GridFlorida, which
have already been conditionally approved by FERC). This was a clear message
to Southern that it would not be allowed to operate as its own electric
island. Of course, FERC's policy is that transmission-owning utilities should
"voluntarily" participate in an RTO, but at the same time the commission
would have control over Southern's market power in the region should the
energy company ever want to merge with or acquire another utility.

Ironically, just as Southern has maintained market power in the Southeast, it
has taken advantage of opportunities from deregulation in other states. On
the wholesale side, Mirant is one company that has witnessed a financial
windfall from California. In addition, Southern Company is now moving into
Florida (its first expansion outside of its service area) after receiving
preliminary approval to build a 633-MW natural-gas generation facility in
Orlando.

Further, Southern Company's dominance in the Southeast has often been cited
as one of the causes of the region's general sense of lethargy when it comes
to electric competition. None of the four states in which Southern is
currently active (Alabama, Georgia, Florida and Mississippi) has formally
adopted any sort of restructuring plan. Generally, these states have decided
to take "wait-and-see" approach, although this philosophy actually pre-dated
the California energy crisis. Granted, insufficient transmission lines
leading to the Southeast and the uncertainties about whether or not
regulators will allow the costs associated with transmission construction to
be recovered also have contributed to the lack of competition in the
Southeast. However, regardless of the causal factors, the end result is that
Southern Company holds what is perhaps the largest uncontested market share
in the country.

Consequently, after being criticized and questioned for its rather
conservative and restricted approach, Southern Company now sits on the
sidelines of a growing energy crisis from which it is remarkably immune. As a
growing number of states consider a return to regulation and industry
analysts debate the prudence of deregulating the energy industry at all, the
trend may be returning full circle to a market structure that Southern
Company has consistently exemplified. In hindsight, the business model that
Southern has steadfastly pursued is now hard to criticize, considering the
uncertainty of many other national markets. For instance:

Southern retains a solid customer base that is in little danger of being
penetrated by competitors.
Mirant has successfully spun off as its own stand-alone company with the
ability to attract investors based on its strong capital appreciation.
Southern Company also remains a strong operation with a solid rate-of-return
and dividend for shareholders, attracting its own set of investors.
The company's vertically integrated model has been retained and there have
been no indications that Southern Company faces a supply shortage.
Expansion into other markets such as Florida and California has expanded
Southern's base, while at the same time the company has held on to its market
share in its own region.

For all of these factors, Southern Company may prove to have one of the
smartest strategies across the electric utility market. Southern probably
won't become a national player, as utility operations of comparable size
clearly aspire toward. However, it arguably has never been part of Southern's
strategy to be a national player (beyond what it achieved through Mirant,
when the company was still a subsidiary). Focusing exclusively on the "super
region" of the Southeast appears to be providing a remarkable rate-of-return
for Southern. In closing, the company's strategy reminds me of the tortoise
and the hare story. While other companies have rushed to merge, grow bigger
and expand  across the country, Southern has taken a more methodical
approach, which may also get it across the "finish line" before many other
competitors.

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Are we going to do anything for the students before fall semester?  The
dinner with Dean May and others from the University is great in the fall.
But last year, we had thought about just a small lunch with the students and
a few from Enron.  This can be simple and we don't have to coordinate around
the schedule of any UT faculty or staff.  But it does allow Enron to have a
more immediate follow up with the scholarship recepients to celebrate their
being chosen.  --Sally

From: Karen Marshall on 03/28/2001 08:12 PM
To: Sally Beck/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Gene
Humphrey/Enron@EnronXGate, Wanda Curry/HOU/EES@EES, Brent A
Price/Enron@EnronXGate, Charlene Jackson/Corp/Enron@ENRON, Christie
Patrick/HOU/ECT@ECT, Loftus Fitzwater/NA/Enron@Enron, Roger
Ondreko/Enron@EnronXGate, Andrea V Reed/Enron@EnronXGate
cc: Kristin Gandy/NA/Enron@Enron, Gwynn Gorsuch/NA/Enron@ENRON, Elyse
Kalmans/Corp/Enron@ENRON, Laura Schwartz/Corp/Enron@Enron, Bert
Frazier/Enron@EnronXGate, Billy Lemmons/Corp/Enron@ENRON,
eloy.garcia@bus.utexas.edu
Subject: UT/Enron MBA Excellence 2001 Scholarship Winners Announced!

I am pleased to announce the recipients of the 2001 University of Texas Enron
MBA Excellence Scholarships:

Christopher Cashman
SooPang Tang
Holland Brown

Each student will receive $10,000 in scholarship money based on their essays,
interviews and on how they exemplified the vision, values and beliefs of
Enron.
I have already notified  the winners, so  please join me in congratulating
each one on a job well done.

Special thanks to everyone who participated in the selection of the
winners.   Stay tuned for details on the date and time for the Scholarship
Awards dinner slated for early next semester!

 E-mail: christopher.cashman@mba02.bus.utexas.edu Phone:  512-836-6489
 E-mail: soopang.tang@mba02.bus.utexas.edu Phone:  512-708-0161
 E-mail: holland.brown@mba02.bus.utexas.edu Phone:  512-440-1142

FYI... All of the candidates that interviewed were outstanding according to
the scholarship interview team (Sally Beck, Andrea Reed, Roger Ondreko and
Loftus Fitzwater).  I will be sending each of them a letter to thank them for
their participation and encourage them to consider Enron when interviewing
for full time opportunities next semester.

Thank you,

Karen Marshall


Julie,

Following up on my voicemail, attached is a revised LOI that I would like you to review before it is sent to Bruno.  Please look at Article II, Section 2(a) to see if you agree with the Breakage Fee concept and limitations.  Give me a call with any questions or comments.

Steve

Steve Van Hooser
Enron North America Corp.
713-853-7238
713-646-3490 (fax)


**removal instructions at end of this message**

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I didn't have a chance to really study the draft, but it looked good to me.
go for it.  Thanks.  DF


By now, you should all have your travel plans finalized.  Please help us in
planning by providing your itinerary including flights and arrival/departure
times to Marvia Jefferson if you haven't already done so.  We need this by
tomorrow morning if possible, so we can finalize all plans for meals and
transportation.   Please review the attached document for additional details
on the ASE event including hotel, transportation, and schedule.  Changes from
the previous communication have been highlighted in blue.

In addition, here are driving directions to and from various places should
you require them.

Should you have any further questions, please feel free to call either myself
at x3-6079 or Marvia at x3-9165.

See you in Dallas!


<http://disney.images.go.com/Images/I-Catalog/DS/Misc/Promotions/Emails/20011119/Images/topleftcorner.gif>	DisneyStore.com <http://jas.disney.go.com/cgi-bin/Click.cgi?code=23175&c=y&url=http://disney.store.go.com/>	   <http://disney.images.go.com/Images/I-Catalog/DS/Misc/Promotions/Emails/20011119/Images/topright.gif>
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Thanksgiving Sale! <http://jas.disney.go.com/cgi-bin/Click.cgi?code=23175&c=y&url=http://disney.store.go.com/DSSectionPage.process?Section_Id%3D13561>
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And, don't forget about all our great holiday gifts, too! We have something for everyone on your gift list this holiday season.

Gobble up the savings at
DisneyStore.com <http://jas.disney.go.com/cgi-bin/Click.cgi?code=23175&c=y&url=http://disney.store.go.com>

P.S. Searching for that perfect gift? From fashions for grown-ups and kids to home d?cor and more, we've got just what you're looking for at DisneyStore.com <http://jas.disney.go.com/cgi-bin/Click.cgi?code=23175&c=y&url=http://disney.store.go.com/DSSectionPage.process?Section_Id%3D13549>!

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Click here <http://register.disney.go.com/unsub/tgeacco@enron.com/L5/store.html> if you choose to unsubscribe from future DisneyStore.com e-mails.
This e-mail was sent to tgeacco@enron.com.

? Disney. All Rights Reserved.
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I think it would be good if your new team went through a front to back demo on EOL given by Jay Webb with you explaining why other companies would see value in the product or application.  It  would be a half day of "training", but I recommend it for every person on that team ASAP.

Thanks.

GP


Dear Ken, Leslie,

It looks like we have gotten to the bottom of the missing documentation (it
was there, it was quickly available, Ken did talk to the right people but
they did not see the urgency of getting the information to Ken).  As a
result, I think we have to rewrite the information related to this issue in
the Portland report.  Let's get together for 15 minutes today/tomorrow to
draft a rewrite of these areas.

Just as a side note, we need to wait until the report has been changed before
we share the information with Portland.

Pam - could you organize Ken, Leslie and I getting together?

Thanks

Shona


Bob,
 Please use the language in this version.  I needed to modify to cover where
we were selling.  Call if you have any questions.
----- Forwarded by Dan J Hyvl/HOU/ECT on 01/04/2001 07:57 AM -----

	Dan J Hyvl
	01/03/2001 04:18 PM

		 To: Bob Bowen/HOU/ECT@ECT
		 cc:
		 Subject: Re: Devon, Crosstex, Riceland, Ralaco, and W & T Offshore
Confirmations

Bob,
 Please review the suggested modifications to be made to the previously sent
confirmations for the above parties with regard to volumes to be processed at
the Lowry Gas Plant in Cameron Parish, Louisiana.  If you agree, please have
revised confirmations issued that would be in place of the previously sent
confirmations.  Please note that I only made changes to the price and
quantity to reflect the deal as reviewed with Nelson Ferries and Charlie
Otto.  Please call if you have any questions.


Dear Doctor Pecker Checker,
     All things considered equal, had I the choice between a cardiologist
running a catheter up to my heart via an artery in my upper leg or you
running one of the same up Captain Stubby's drain pipe, I would opt for the
former.  What say ye men?

Yours in -kai-,
Drow

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At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay connected and consider a future homecoming BETA reunion.  It's incredible...forget the 20 years in between...everyone just seems to pick it up right where they left off years ago.

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 12/18/2000
08:38 AM ---------------------------

SOblander@carrfut.com on 12/18/2000 08:26:51 AM
To: soblander@carrfut.com
cc:

Subject: NYMEX HOLIDAY SCHEDULE

Friday, December 22 - Early close at 1PM EST
Monday, December 25 - NYMEX Closed
Friday, December 29 - Early close at 1 PM EST

Have a happy and safe holiday season.

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


Center for Houston's Future Board Members,
2000 Business-Civic Leadership Founding Forum Participants,
2001 Business-Civic Leadership Forum Participants:

Please consider this event -- a compelling speech by Dynegy's Chairman
and CEO, Chuck Watson.  This event is another in a series of speeches by
prominent business people in our region focused upon Houston, the region
and its possibilities.

The incoming Winter 2002 Business-Civic Leadership Forum Participants
have been encouraged to attend.  If possible, please attend both the
reception (11:30 a.m.) and luncheon event (noon) to meet and show
support to the incoming Forum participants.  Luncheon seating will be
arranged together. This will be an excellent networking opportunity.

This event will set the stage for The Center's forum dialogue, provide a
first opportunity for the Winter Forum participants to meet their peers
in a social setting and offer a time for current Center volunteers to
interact with those who will step forward at the close of this next
Forum, March 2.

Cost:  $21.50  Please e-mail a reply to this invitation to Marilou
Schopper, mschopper@houston.org by Wednesday, Jan. 9.  Luncheon fee
should be paid by a check made payable to Center for Houston's Future.
Please send the check to Jill Murray, Center for Houston's Future, 1200
Smith, Suite 1150, Houston, TX  77002.  Thank you for your committment
and see you at the Houston Club.

Who: Dynegy's Chairman and CEO, Chuck Watson

What: A Conversation with Chuck Watson about Energy, Diversity and the
Future of Houston

When: Thursday, January 17, 2002, 11:45 a.m. check-in, noon luncheon
Reception to precede event, 11:30 a.m. prompt, Travis Room

Where: The Houston Club, 811 Rusk

Why: This event is a part of The Houston Club's Distinguished Speakers
Series

 - winmail.dat


Robert,
 My fax number is 713-646-3490.

	Robert Rose@ENRON
	05/31/2001 03:57 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Barbara N Gray/HOU/ECT@ECT, John Towles/NA/Enron@ENRON
		 Subject: Re: Shadow Creek Ranch Easement

Dan,

Sorry it's taken me so long to get back to you on this -- I got
sent out to the field for most of the day.

Can you send me your fax number so I can get you the
legal description.

Also, I don't think a duration time is necessary.  It would
be in HPL's best interest to have this easement in
perpetuity.  HPL will have the right to abandon the line
in place if it so chooses.

Thank you for your excellent and fast help!!!

r

Dan J Hyvl@ECT
05/30/2001 04:41 PM
To: Robert Rose/NA/Enron@ENRON
cc: Barbara N Gray/HOU/ECT@ECT, John Towles/NA/Enron@ENRON

Subject: Re: Shadow Creek Ranch Easement

Robert,
 Where is the description of our right-of-way which we want to put in this
document before we send it out.  I think we need to change the first
paragraph, but I need to see the description to verify.  Is it intended that
we are dealing with only one owner, or is this developer using a different
ownership for each development.  Maybe it is all one development?  Otherwise
the form looks okay.  Should we consider adding language regarding duration
of easement grant, i.e. abandonment after 5 years of non-use.

	Robert Rose@ENRON
	05/30/2001 03:21 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Barbara N Gray/HOU/ECT@ECT, John Towles/NA/Enron@ENRON
		 Subject: Shadow Creek Ranch Easement

Dan,

I have previously discussed this proposed easement with Barbara
and Ann Elizabeth.  In a nutshell, a large developer wishes us to
define a series of mainly undefined easements in Fort Bend
and Brazoria Counties.  My response to them was to release the
earlier easements and in their place sign a single new easement with
language most favorable to HPL.

Attached is a draft of my proposed easement.  Please review
and make any changes you deem necessary or desirable.

Thanks!!!

r


I'm still here--they're trying to kill me.

Alexandra Saler@EES
12/15/2000 10:05 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

find out when she is going to be on Sat. night live!!!

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Macy Gray was just on CNN singing--she is great!

Alexandra Saler@EES
12/15/2000 09:43 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

the play was adorable.  she was so good!  Of course during her solo my whole
family was crying.  we are such dorks!!

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

got here around 9, hopefully leaving at 11.  I only did 8 abs last night.
I'm going to get to 20 though....How was the play?  Haven't be to Zula....

Alexandra Saler@EES
12/15/2000 08:22 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

it doesn't look that different.  it is just fun to do!  I hope that you were
comfy and cozy sleeping late this morning.  I dragged, I mean dragged myself
out of bed this morning and got on the treadmill.  Only for 35 minutes though
b/c I was so tired.  call me later.  have you been to Zula yet?  I am going
tonight and I wanted to know if it is good.

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I'm out of here at 4.  Good luck with the new hair--i'll talk to you later....

Alexandra Saler@EES
12/14/2000 02:57 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

we would have so much fun we wouldn't have to leave early!!!

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I'll have Jennifer put in the move order to get your desk into my office.

Alexandra Saler@EES
12/14/2000 02:26 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

you are as much of a slacker as me!!! want me to come entertain you for a
while?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I've got a meeting at 3:30 (for an hour at most) then I'm leaving for the
day!  tomorrow, in about 10, out at noon.  I can't wait.

Alexandra Saler@EES
12/14/2000 01:49 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I am in vacation mode.  I don't want to do anything.  what are you doing?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

What's up?

Alexandra Saler@EES
12/14/2000 08:18 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

what??????????

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

oh.................my...............god..............


Tana - Great idea!  Please talk with Geneva; she will coordinate with you.
Thanks Kate

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: kate.cole@enron.com

	Tana Jones@ECT
	10/30/2000 03:43 PM

		 To: Kate Cole/Corp/Enron@ENRON
		 cc:
		 Subject: ENA-Agents and Attorneys' in Fact

When you get back into the office, can we visit about updating the ENA
resolutions re: confirmation signatories.  I think we need to clean out some
of the data in the Corporate Database re:  confirmation signatories.

Thanks!


Thanks a ton

Teri Majer
Optimization Coordinator
Gas Services
Enbridge Inc.
403-508-3185

                    Chris.Dorland
                    @enron.com           To:     Teri.Majer@corp.enbridge.com
                                         cc:
                    01/15/2002           Subject:     RE: Needle in a Haystack
                    12:20 PM

Teri thanx for Al's address. I have Jan's info. for you

p. 416-205-4542
  jwilson@sempratrading.com

    -----Original Message-----
   From:   Teri.Majer@corp.enbridge.com@ENRON   On Behalf Of
             Teri.Majer@corp.enbridge.com
   Sent:   Tuesday, January 15, 2002 11:25 AM
   To:     Dorland, Chris; Allison.Charlton@gems.gov.bc.ca
   Subject:  Needle in a Haystack

   hey Al,
   Look who I found.

   e-mail me back when you have a chance.

   Teri Majer
   Optimization Coordinator
   Gas Services
   Enbridge Inc.
   403-508-3185

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


what is the location?

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


I'll find out all the details this Friday so that when you get back from
Cabo we can roll.  The couch is nice. I couldn't appreciate the webpage
picture  too much.  They will look good.  We'll talk Monday.
Have fun.

-----Original Message-----
From: Jeffrey.A.Shankman@enron.com [mailto:Jeffrey.A.Shankman@enron.com]
Sent: Tuesday, October 16, 2001 2:59 PM
To: CSWART@coair.com
Subject: RE:

Good.  I'm going to Cabo thursday and will be back early sunday.  If you
have a few samples, I'll pick one, and well go forward.  Can we order the 3
sofas, and send them the fabric when it comes so we can get in the line of
orders?  No problem on the check.

What do you think of them?  Be brutal.

Jeff

    -----Original Message-----
   From:   "Swartz, Cristina" <CSWART@coair.com>@ENRON
   Sent:   Tuesday, October 16, 2001 2:49 PM
   To:     Shankman, Jeffrey A.
   Subject:  RE:

   Retail for couch is $5460 (saving $1170 about  27% lower)
   Retail for loveseat $4200 (saving $900 about 27% lower.)
   I may be able to save you more on the fabric if I can find the one you
   need
   at Kravets since they give me 50% off.  The majority of the furniture
   stores
   only give between a 20-30% off.  The couches take about 6-8 weeks if
   they
   are in stock and usually are.  I'll get some fabric this Friday during
   lunch
   and maybe I can show you over coffee that afternoon.  I'll need to order
   the
   fabric so add another 2 weeks at least before the store gets it.  Also,
   I'll
   find out paying conditions but usually is 50% upfront (cash) and then
   the
   other 50% when ready for delivery.  They don't take credit card.  Checks
   payable to me and I pay with my company check.
   I'll get moving and call you on Friday.
   Sound good?

   -----Original Message-----
   From: Jeffrey.A.Shankman@enron.com [mailto:Jeffrey.A.Shankman@enron.com]
   Sent: Tuesday, October 16, 2001 2:25 PM
   To: CSWART@coair.com
   Subject: RE:

   Holy cow this is expensive.  Of course I don't care about your 5% or so,
   but what is the retail on these babies?  I'm pretty flexible on the
   fabric--mid range would be fine.  Let's move ahead.  (2 loveseats
   though,
   not 1)  How long did they say?

   Jeff

       -----Original Message-----
      From:   "Swartz, Cristina" <CSWART@coair.com>@ENRON
      Sent:   Monday, October 15, 2001 5:04 PM
      To:     Shankman, Jeffrey A.
      Subject:  RE:

      OK...
      Sofa = $4290
      Loveseat = $3300
      8.25% tax = $626.18.
      Total = $8,216.18.  Both w/out fabric.

      You need a total of 23.5 yards of fabric.  I usually get about a
   30-35%
      discount on fabric so if you are OK with the couch prices, I can go
   to
      the
      Decorative Center and get some fabric samples for you to choose from.
   I
      have no clue as to how much indoor/outdoor fabric goes for but I'll
   get
      a
      range so that you can see the difference between the cheaper and
      expensive
      type.  Let me know how you would like to proceed.
      Thanks, Tina

      -----Original Message-----
      From: Shankman, Jeffrey A. [mailto:Jeffrey.A.Shankman@ENRON.com]
      Sent: Monday, October 15, 2001 10:30 AM
      To: cswart@coair.com
      Subject:

      Hi Tina,

      Thanks for you help.

      The site is www.thewickerworks.com.  Click on it to go directly
   there.
      The are in Houston at Walter Lee Culp.  713 623 4670.

      If you go to their web site go to the home page, then to the tab that
      says wicker, then to the tab that says more.  The design is Helva.

      I need 1 Helva sofa, and 2 Helva loveseats, of course in a very plain
      off white (not tan as one of the pictures shows) indoor/outdoor
   fabric.

      Or if you have any other ideas, let me know, of course.

      Regards,

      Jeff

      713 853 1761

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

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


Where did you ever get the idea for this?
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/20/2000
05:33 PM ---------------------------

Becky Tlucek@ECT
07/20/2000 04:00 PM
To: Alonzo Williams/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Andrew H
Lewis/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT, Ashton
Soniat/Corp/Enron@ENRON, Bhavna Pandya/HOU/ECT@ECT, Bill
Berkeland/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT,
Brad McKay/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT, Bruce
Hebert/GCO/Enron@ENRON, Caroline Abramo/Corp/Enron@Enron, Chad
Starnes/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Charlie
Jewell/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Chris
Germany/HOU/ECT@ECT, Chris Lenartowicz/Corp/Enron@ENRON, Clint
Dean/Corp/Enron@Enron, Colleen Sullivan/HOU/ECT@ECT, Corry
Bentley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
Darren Delage/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, David
Ryan/Corp/Enron@ENRON, David Zaccour/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT,
Diana Allen/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Don
Baughman/HOU/ECT@ECT, Douglas Miller/ECF/Enron@ENRON, Douglas
SMITH/ENRON@Gateway, Ed Smith/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT,
Elsa Piekielniak/Corp/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Erik
Serio/Corp/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT,
Geoff Storey/HOU/ECT@ECT, George Hopley/HOU/ECT@ect, George
McClellan/HOU/ECT@ECT, George N Gilbert/HOU/ECT@ECT, George
Wood/Corp/Enron@Enron, Gerald Gilbert/HOU/ECT@ECT, Greg
Trefz/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT,
Gretchen Lotz/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James E
Terrell/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Janel
Guerrero/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Jared
Kaiser/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Jason
Crawford/Corp/Enron@Enron, Jay Reitmeyer/HOU/ECT@ECT, Jay
Wills/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Jeff
Kinneman/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Joe
Errigo/Corp/Enron@Enron, Joe Parks/Corp/Enron@ENRON, Joe
Stepenovitch/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, John
Berger/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT,
John Grass/Corp/Enron@ENRON, John Greene/HOU/ECT@ECT, John
Kinser/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, John M
Singer/Corp/Enron@ENRON, John Zufferli/HOU/ECT@ECT, John Zurita/HOU/EES@EES,
Juan Hernandez/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Keith
Comeaux/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Keller
Mayeaux/Corp/Enron@Enron, Kelli Stevens/HOU/ECT@ECT, Kevin
Cline/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Kyle Schultz/HOU/ECT@ECT, Larry
Jester/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Lawrence
Clayton/Corp/Enron@Enron, Lisa Burnett/Corp/Enron@Enron, Lisa
Lees/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Madhup
Kumar/Corp/Enron@ENRON, Madhur Dayal/HOU/ECT@ECT, Marc Bir/Corp/Enron@ENRON,
Maria Valdes/Corp/Enron@Enron, Mark Anthony Rodriguez/HOU/ECT@ECT, Mark Dana
Davis/HOU/ECT@ECT, Mark Smith/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON,
Martin Cuilla/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Matthew
Arnold/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT,
Michael W Bradley/HOU/ECT@ECT, Michelle D Cisneros/HOU/ECT@ECT, Mike
Carson/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Mike
Fowler/Corp/Enron@ENRON, Mike Grigsby/HOU/ECT@ECT, Mike
Maggi/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Nelson
Ferries/Corp/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Robert
Benson/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect,
Ronald Acevedo/LON/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Scott Hendrickson/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Steven Kleege/HOU/ECT@ECT,
Steven P South/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT,
Tammi DePaolis/Corp/Enron@ENRON, Terri Clynes/HOU/ECT@ECT, Theresa
Branney/HOU/ECT@ECT, Todd DeCook/Corp/Enron@Enron, Tom Donohoe/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Tom Mcquade/HOU/ECT@ECT,
Tori Kuykendall/HOU/ECT@ECT, Troy Black/Corp/Enron@ENRON, Wayne
Herndon/Corp/Enron@ENRON, William Patrick Lewis/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT
cc: Jeffrey T Hodge/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron

Subject: Antitrust Training

Please see the attached memo regarding the Antitrust Training.


i've lost my link to NYMEXINFO.COM


Here is the list for Friday's positions.  To give you an update on what the daily calcs are used for, information from RisktRAC and CAS is being pulled on an ad hoc basis to fulfill requests from both external and internal personnel/companies.  As such, books with any positions should be calced as often as possible.

Also for the 31st, my understanding after talking to several groups is that certain groups have only limited resources right now and will not be able to provide accurate calcs for the 31st before late this week or early next week.  Please keep me up to date on the status of your information.  Once all books have been calced, officialized, and exported (to Athena) for the 31st we will rerun VAR and produce a DPR.

Open questions:
Cindy - lets discuss what should be done for ECTRIC on an ongoing basis as well as for the 31st.
Kori - do any of the books listed with you as the BA have positions - if not we can inactivate them
Jeff - there are a couple of gas books that seem to have positions, NG-PR-OPT-PRC (which is inactive) and NG-PRICE-GDL.  Who can I get the status from for these?

Thanks

Shona
X39123

PS:  When you review the information regarding CAS - no position means no 3rd party position.  Since not all groups have deleted their intercompany positions, there may be books listed below as "no position" which do have VAR/P&L risk.

 -----Original Message-----
From: 	Powell, John D.
Sent:	Monday, January 07, 2002 8:19 AM
To:	Brackett, Debbie R.; Hardy, David; Mcginnis, Stephanie; Sacks, Edward; Trevino, Susan; Wilson, Shona
Subject:	CAS Positions January 07, 2002

CAS Positions January 07, 2002

Late ERMS Officializations
    Post id   Port_cd  Commodity    Effective_dt   Book id               Remarks    Status
    ----------------------------------------------------------------------------------------
     14491     T5M       NG          21-DEC-01     TP-EMWNSS-GDL        No Position INACTIVE
   1453350     E>D       NG          31-DEC-01     CY-EXPLOR-BAS        No Position ACTIVE
   1453351     E>P       NG          31-DEC-01     CY-EXPLOR-PRC        No Position ACTIVE
   1453349     K5P       COAL        31-DEC-01     EQ-COAL-EAST-PRC     No Position ACTIVE
   1453352     KSP       COAL        31-DEC-01     EQ-COAL-JUPITER-PRC  No Position ACTIVE
   1453348     E$D       NG          31-DEC-01     EQUITY-CGAS-BAS      No Position INACTIVE
   1453347     E$P       NG          31-DEC-01     EQUITY-CGAS-PRC      No Position INACTIVE
   1453346     E&D       NG          31-DEC-01     EQUITY-MARINER-BAS   No Position INACTIVE
   1453345     E&P       NG          31-DEC-01     EQUITY-MARINER-PRC   No Position INACTIVE
   1452837     ZHP       NG          31-DEC-01     NG-PR-OPT-PRC                    INACTIVE
   1452853     ZJP       WTI         31-DEC-01     NG-PRICE-CRUDE-PRC   No Position INACTIVE
   1453724     BQP       TOLU        31-DEC-01     SGO-TOLUENE-PRC      No Position INACTIVE
   1453748     A@P       KERS        31-DEC-01     SGP-AUST-JET-PRC     No Position INACTIVE
   1453747     61P       WTI         31-DEC-01     SGP-AUST-WTI-PRC     No Position INACTIVE
   1453750     KFP       BRN         31-DEC-01     SGP-BRN-PRC          No Position INACTIVE
   1453746     8LP       GOIP        31-DEC-01     SGP-CRD-GOIP-PRC     No Position INACTIVE
   1453745     8KP       GOSG        31-DEC-01     SGP-CRD-GOSG-P       No Position INACTIVE
   1453744     86P       GOIP        31-DEC-01     SGP-FGH-GOIP-P       No Position INACTIVE
   1453743     8CP       GOSG        31-DEC-01     SGP-FGH-GOSG-P       No Position INACTIVE
   1453742     73P       HO          31-DEC-01     SGP-FGH-HO-PRC       No Position INACTIVE
   1453741     8AP       HU          31-DEC-01     SGP-FGH-HU-P         No Position INACTIVE
   1453740     8BP       TAPI        31-DEC-01     SGP-FGH-TAPIS-P      No Position INACTIVE
   1453738     K1P       GOSG        31-DEC-01     SGP-GASOIL-ST-PRC    No Position INACTIVE
   1453737     KBI       GOSG        31-DEC-01     SGP-GO-IDX           No Position INACTIVE
   1453736     KGP       HU          31-DEC-01     SGP-HU-NYMEX-PRC     No Position INACTIVE
   1453735     KDP       KERE        31-DEC-01     SGP-KERE-PRC         No Position INACTIVE
   1453734     KKP       NAPS        31-DEC-01     SGP-NAPHTHA-PRC      No Position INACTIVE
   1453733     K3P       PARA        31-DEC-01     SGP-PARAXYLENE-PRC   No Position INACTIVE
   1453732     8FP       BRN         31-DEC-01     SGP-RESID-BRN-P      No Position INACTIVE
   1453751     8FP       BRNT        31-DEC-01     SGP-RESID-BRNT-P     No Position INACTIVE
   1453731     8GP       DUBA        31-DEC-01     SGP-RESID-DUBA-P     No Position INACTIVE
   1453730     BRP       STYR        31-DEC-01     SGP-STYRENE-PRC      No Position INACTIVE
   1453729     KMP       TAPI        31-DEC-01     SGP-TAPIS-PRC        No Position INACTIVE
   1453728     K0P       XYLE        31-DEC-01     SGP-XYLENE-PRC       No Position INACTIVE
   1453723     F@P       COND        31-DEC-01     SING-COND-PRC        No Position INACTIVE
   1453722     QTI       MTBE        31-DEC-01     SING-MTBE-IDX        No Position INACTIVE
   1453721     QTP       MTBE        31-DEC-01     SING-MTBE-PRC        No Position INACTIVE
   1453727     [IP       THU         31-DEC-01     TOKYO-HU-PRC         No Position ACTIVE
   1453726     [JP       TKER        31-DEC-01     TOKYO-KERO-PRC       No Position ACTIVE
   1453725     ?7P       C3E         31-DEC-01     TOKYO-PROPANE-PRC    No Position ACTIVE
   1453720     WEP       BRNT        31-DEC-01     UK-JV-ARB-BRNT-PRC   No Position INACTIVE
   1453719     WEP       DUBA        31-DEC-01     UK-JV-ARB-DUBA-PRC   No Position INACTIVE
   1453718     WQP       GOIP        31-DEC-01     UK-JV-ARB-GOIP2-PRC  No Position INACTIVE
   1453717     WOP       GOSG        31-DEC-01     UK-JV-ARB-GOSG-PRC   No Position INACTIVE
   1453716     K6P       KERE        31-DEC-01     UK-JV-ARB-KERE-PRC   No Position INACTIVE
   1453715     K6P       KERO        31-DEC-01     UK-JV-ARB-KERO-PRC   No Position INACTIVE
    868544     SQM       NG          02-JAN-02     ARUBA-TP-PHY         No Position INACTIVE
   1453414     W*P       NG          02-JAN-02     NG-PR-CAN-PRC        No Position INACTIVE
   1454349     PEI       NG          02-JAN-02     NG-PRICE-AFF-IDX     No Position INACTIVE
   1453419     )BP       NG          02-JAN-02     NG-X-OPT-NG-PRC      No Position INACTIVE
   1455285     PAM       NG          03-JAN-02     INTRA-TEXAS-PHY      No Position INACTIVE
   1455280     PGM       NG          03-JAN-02     NG-PRICE-GDL                     ACTIVE
   1454812     GNY       NG          03-JAN-02     OPTIONS-GDOPT-GDI    No Position ACTIVE
   1454827     GNM       NG          03-JAN-02     OPTIONS-GDOPT-GDL    No Position ACTIVE
   1454697     $VP       BRNT        03-JAN-02     UK-ESP-BRENT-PRC     No Position ACTIVE
   1454702     $SP       HL          03-JAN-02     UK-ESP-LDD97-PRC     No Position ACTIVE

Credit Trading                 28-NOV-01
EES-A/R                        29-NOV-01
Europower                      28-NOV-01 AUSTRIA-CS
Europower                      28-NOV-01 AUSTRIA-EO
Europower                      28-NOV-01 AUSTRIA-TR
Europower                      28-NOV-01 BILATTR-MG
Europower                      28-NOV-01 BILATTS-MG
Europower                      28-NOV-01 COAL-TR
Europower                      28-NOV-01 DENMARK-EO
Europower                      28-NOV-01 DUTCH-CS
Europower                      28-NOV-01 FRANCE-CS
Europower                      28-NOV-01 FRANCE-TR
Europower                      28-NOV-01 GERMAN-CS
Europower                      28-NOV-01 GERMAN-EO
Europower                      28-NOV-01 GERMAN-TR
Europower                      28-NOV-01 GREENBK
Europower                      28-NOV-01 GTERMEEXTL
Europower                      28-NOV-01 ITALY-CS
Europower                      28-NOV-01 OPTIONS-EO
Europower                      28-NOV-01 OTGS
Europower                      28-NOV-01 POOLMGT-CS
Europower                      28-NOV-01 SPAIN-CS
Europower                      28-NOV-01 SPNDA
Europower                      28-NOV-01 STROPT-ST
Europower                      28-NOV-01 SWISS-CS
Europower                      28-NOV-01 SWISS-EO
Europower                      28-NOV-01 SWISS-TR
Excel Spreadsheets-London      28-NOV-01 E1SB1
Excel Spreadsheets-London      28-NOV-01 E2XX1
Excel Spreadsheets-London      28-NOV-01 UKGASGSA1
Excel Spreadsheets-London      28-NOV-01 UKGASGSA4
Houston Bandwidth Trading MTM  30-NOV-01 BW-BWTBENCH-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-BWTNE-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-BWTNW-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-BWTSE-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-BWTSW-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-LLOOPEAST-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-LLOOPNW-ACC-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-LLOOPNW-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-LLOOPSW-ACC-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-LLOOPSW-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-TRANSIT-MTM-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-TRANSPORT-MTM-PRC
Houston Bandwidth Trading MTM  30-NOV-01 BW-TRANSPRT-ACC-PRC
Lisa-Lumber                    30-NOV-01
Nordic Power MTM               03-JAN-02 ECT NORDIC POWER BOO
UK Gas                         28-NOV-01 CONTINENTAL GAS (REP
UK Gas                         28-NOV-01 EASTERN 1 / SUTTON B
UK Gas                         28-NOV-01 EASTERN 2
UK Gas                         28-NOV-01 EES BOOK
UK Gas                         28-NOV-01 GB
UK Gas                         28-NOV-01 GB J-BLOCK
UK Gas                         28-NOV-01 GB_OPTBOOK
UK Gas                         28-NOV-01 UK GAS INTRA
UK Power MTM                   28-NOV-01 UKCASH
UK Power MTM                   28-NOV-01 UKTERM
UK-EBS                         27-NOV-01 EBS-BWT-PRC
Weather - Australia            06-DEC-01
Weather - Houston              02-JAN-02
Weather - Nordic               20-DEC-01

Loaded Canada Books
   Post id   Port_cd   Commodity    Effective_dt   Book id              Remarks     Status
   -----------------------------------------------------------------------------------------
   1455966     C4I       NGGJ        04-JAN-02     FT-CAND-EGSC-BC-IDX              ACTIVE
   1455968     GWM       NG          04-JAN-02     FT-CAND-BC-GD-GDL    No Position ACTIVE
   1456002     8/P       NGGJ        04-JAN-02     FT-CAND-MT-PRC                   ACTIVE
   1456004     9/M       NG          04-JAN-02     FT-CAND-MT-GD-GDL                ACTIVE
   1456005     P7P       NGGJ        04-JAN-02     FT-CAND-ERMS-PRC                 ACTIVE
   1456009     CDP       NGGJ        04-JAN-02     FT-CAND-EGSC-OPT-PRC             ACTIVE
   1456011     CDI       NGGJ        04-JAN-02     FT-CAND-EGSC-OPT-IDX             ACTIVE
   1456095     CAM       NG          04-JAN-02     INTRA-CAND-WEST-PHY              ACTIVE
   1456096     CAP       NG          04-JAN-02     INTRA-CAND-WEST-PRC              ACTIVE
   1456097     GJM       NG          04-JAN-02     INTRA-CAND-WE-GD-GDL             ACTIVE
   1456098     \WP       NGGJ        04-JAN-02     FT-CAND-WEST-PRC                 ACTIVE
   1456099     \WI       NGGJ        04-JAN-02     FT-CAND-WEST-IDX                 ACTIVE
   1456100     CAM       NG          04-JAN-02     INTRA-CAND-BC-PHY                ACTIVE
   1456101     CAP       NG          04-JAN-02     INTRA-CAND-BC-PRC    No Position ACTIVE
   1456102     GJM       NG          04-JAN-02     INTRA-CAND-BC-GD-GDL No Position ACTIVE
   1456103     C4I       NGGJ        04-JAN-02     FT-CAND-EGSC-EA-IDX              ACTIVE
   1456104     CGM       NG          04-JAN-02     FT-CAND-OP-GD-GDL                ACTIVE
   1456105     G8P       NGGJ        04-JAN-02     FT-CAND-EGSC-C-PRC   No Position ACTIVE
   1456180     AKP       NGGJ        04-JAN-02     FT-CAND-PWR-PRC      No Position ACTIVE
    999998     !UP       NG          04-JAN-02     FT-CAND-ROLLOFF-PRC  No Position ACTIVE
   1455932     6*P       NGGJ        04-JAN-02     FT-CAND-DIRECT-PRC               ACTIVE
   1455934     6*I       NGGJ        04-JAN-02     FT-CAND-DIRECT-IDX               ACTIVE
   1455936     [ZM       NG          04-JAN-02     FT-CAND-DIR-GD-GDL               ACTIVE
   1455942     ?AP       NGGJ        04-JAN-02     FT-CAND-DIR-ONT-PRC              ACTIVE
   1455944     ?AI       NGGJ        04-JAN-02     FT-CAND-DIR-ONT-IDX              ACTIVE
   1455948     [KP       NGGJ        04-JAN-02     FT-CAND-EGSC-ED-PRC  No Position ACTIVE
   1455950     [KI       NGGJ        04-JAN-02     FT-CAND-EGSC-ED-IDX  No Position ACTIVE
   1455957     C4P       NGGJ        04-JAN-02     FT-CAND-EGSC-PRC                 ACTIVE
   1455960     C4I       NGGJ        04-JAN-02     FT-CAND-EGSC-IDX                 ACTIVE
   1455962     G7M       NG          04-JAN-02     FT-CAND-AB-GDL-GDL               ACTIVE
   1455964     C4P       NGGJ        04-JAN-02     FT-CAND-EGSC-BC-PRC              ACTIVE

Deleted Canada Books
   POST_ID  P B B  COMM       EFFECTIVE  REGION_CD   BOOK_ID          DATA_BASE_ID  STATUS
   ---------- - - - ---- --------- - --------------- --------------------------------------
   1455932   6*D   NGGJ       04-JAN-02    DESK     FT-CAND-DIRECT-BAS   CANADA     ACTIVE
   1456002   8/D   NGGJ       04-JAN-02    CANADA   FT-CAND-MT-BAS       CANADA     ACTIVE
   1455942   ?AD   NGGJ       04-JAN-02    DESK     FT-CAND-DIR-ONT-BAS  CANADA     ACTIVE
   1456180   AKD   NGGJ       04-JAN-02    DESK     FT-CAND-PWR-BAS      CANADA     ACTIVE
   1455938   C&D   NGGJ       04-JAN-02    DESK     FT-DIR-AGENCY-BAS    CANADA     ACTIVE
   1455964   C4D   NG         04-JAN-02    CANADA   FT-CAND-EGSC-BC-BAS  CANADA     ACTIVE
   1455957   C4D   NGGJ       04-JAN-02    DESK     FT-CAND-EGSC-BAS     CANADA     ACTIVE
   1456096   CAD   NG         04-JAN-02    CDWEST   INTRA-CAND-WEST-BAS  CANADA     ACTIVE
   1456101   CAD   NG         04-JAN-02    CDBC     INTRA-CAND-BC-BAS    CANADA     ACTIVE
   1456009   CDD   NGGJ       04-JAN-02    DESK     FT-CAND-EGSC-OPT-BAS CANADA     ACTIVE
   1456105   G8D   NGGJ       04-JAN-02    DESK     FT-CAND-EGSC-C-BAS   CANADA     ACTIVE
   1456005   P7D   NGGJ       04-JAN-02    DESK     FT-CAND-ERMS-BAS     CANADA     ACTIVE
   1455948   [KD   NGGJ       04-JAN-02    DESK     FT-CAND-EGSC-ED-BAS  CANADA     ACTIVE

EnPower Houston

Today 07/Jan/02 Post Ids count is         19
    Post_id Portfolio_cd  Effective_dt  Remarks
---------------------------------------------------
     15529     EAP       04-JAN-02
     15531     ECP       04-JAN-02     No Position
     15598     EAP       04-JAN-02
     15600     ECP       04-JAN-02
     15601     ECP       04-JAN-02
     15608     EEP       04-JAN-02
     15609     EEP       04-JAN-02
     15610     EEP       04-JAN-02     No Position
     15611     EEP       04-JAN-02
     15612     EEP       04-JAN-02
     15613     EEP       04-JAN-02
     15614     EEP       04-JAN-02
     15617     EWP       04-JAN-02
     15619     EWP       04-JAN-02
     15620     EWP       04-JAN-02
     15621     EWP       04-JAN-02
     15624     EAP       04-JAN-02
     15625     EAP       04-JAN-02     No Position
     15626     EAP       04-JAN-02     No Position

     POST_ID   BOOK_ID                  EFFECTIVE_DT  PORTFOLIO    DATABASE_ID   STATUS
     -----------------------------------------------------------------------------------------
        -1     EPMI-EESI-E-RTLG-PRC     04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-EESI-E-RTLG-PRC     04-JAN-02     EES-POWER       POWER      ACTIVE
        -1     EPMI-EESI-OPTION-PRC     04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-EESI-OPTION-PRC     04-JAN-02     EES-POWER       POWER      ACTIVE
        -1     EPMI-LT-WNAMGMT-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-LT-WOPTS-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-ST-WHOURLY-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-ST-WROCK-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-W-BIO-INV-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-W-BIO-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-W-WIND-INV-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-W-WIND-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
        -1     EPMI-WS-RN-INV-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15531     EPMI-ECTCOA-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15572     EPMI-LT-SERC-PRC         03-JAN-02     AGG-PWR-II      POWER      INACTIVE
     15600     EPMI-HEDGECDN-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15601     EPMI-ALTAPWROPT-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15601     EPMI-ECPC-PRC            04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15601     EPMI-STALBERTA-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15608     EPMI-LT-NEMGMT-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15608     EPMI-LT-NENG-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15608     EPMI-LT-NY-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15608     EPMI-ST-NENG-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15608     EPMI-ST-NY-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15609     EPMI-LT-PJM-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15609     EPMI-NE-PHYS-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15609     EPMI-ST-PJM-OFF-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15609     EPMI-ST-PJM-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15610     EPMI-NE-TRANS-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15611     EPMI-MIDWEST-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15611     EPMI-ST-MAPP-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15612     EPMI-LT-SPP-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15612     EPMI-SOUTHEAST-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15613     EPMI-ERCOT-MGMT-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15613     EPMI-ERCOT-OFF-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15613     EPMI-ERCOT-OPTN-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15613     EPMI-LT-ERCOT-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15613     EPMI-ST-ERCOT-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15614     EPMI-LT-MGMT-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15614     EPMI-LT-OPTION-PRC       04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15614     EPMI-LT-OPTIONA-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15614     EPMI-LT-OPTIONB-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15614     EPMI-LT-OPTZ-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15617     EPMI-CALSERV-PRC         04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15617     EPMI-ST-CA-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15617     EPMI-ST-NW-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15617     EPMI-ST-PLT-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15617     EPMI-ST-SW-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15617     EPMI-ST-WSERV-PRC        04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15619     EPMI-LT-NW-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15620     EPMI-LT-CA-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15620     EPMI-LT-PLT-PRC          04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15621     EPMI-LT-SW-PRC           04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15624     EPMI-ABDIREC-3P-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15625     EPMI-ABDIREC-HD-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE
     15626     EPMI-ABDIRAGHDG-PRC      04-JAN-02     AGG-PWR-II      POWER      ACTIVE


I would like to cancel,as long as my RC is not charged. Unless I hear
otherwise, I will asume this is ok.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/04/2001
05:35 PM ---------------------------
From: Martin Lin on 01/04/2001 02:15 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:
Subject: IP technical document

Please find attached a PDF version of the IP technical document.  Comments
are appreciated.  If there are any changes that you need, please let me know.

Thanks,
Martin


Judy,

I thought I was through, but I'm not.....Can you please send up the the
following contracts:

Wisconsin Power & Light  96045691

WPS     96001003

Also, if someone in my group has already checked it out and returned to you,
just tell me who had it and I'll copy off of them (smile!!).

Also, do you have a copy of the GTC.  We have no idea what it is, and we're
looking for the non-performance language associated with it.

Thanks!


"Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

$22,000 for O&M??

I am not sure how in the world this can be considered a typical example.
Where are the taxes?
Where are the interest payments?
Return on Investment?

If the objective is to grossly misrepresent the cost of a GT then this
is a typical example.

-----Original Message-----
From: Robb, Kathy [mailto:KRobb@hunton.com]
Sent: Friday, September 21, 2001 9:41 AM
To: 'nyiso_tech_exchange@global2000.net'
Subject: FW: Sept. 24 ICAPWG Mtg--Revised Norman Mah materials

Attached is a revised presentation from Norman Mah for the Sept. 24 ICAP
Working Group meeting. The presentation is three pages long. The change
made
in this version is on page 2: the "O&M" number has been lowered to
$22,000
from the previous version, in response to comments received by Mr. Mah.
Otherwise, the presentation mirrors the one previously circulated.

 <<Benefits of ICAP.ppt>>


SBX 6 (Burton), which would establish a PPA, passed out of the Assembly
Energy, Costs and Availability Committee moments ago on a party line
vote.  There were clarifying amendments taken which we will send out as
soon as they become available.

Supporters included: organized labor, Sierra Club, municipal utilities,
PCL, TURN, UCAN, AARP, Gray Panthers, Foundation for Consumer and
Taxpayer Rights.  IEP also testified in support of the bill but did
request amendments to clarify the eminent domain provisions.  The only
opposition came from a single private citizen.

Committee Chair Rod Wright  pointed out that up until recently LADWP had
among the highest rates in the state and that rates in New York are even
higher.  Consequently, he believes that the purpose of the PPA is to
ensure reliability, not to lower rates and that those who claim rates
will go down with the PPA will be sorely disappointed.  Assemblyman
Wright also highlighted the tremendous amount of private capital
currently entering the state and suggested that this bill must not be
used to supplant this capital.  He also implied that a state bureaucrat
must not run the PPA.

According to State Treasurer Phil Angelides who drafted the bill, the
intent of the state would be to provide anywhere between 5,000 to 7,500
in new capacity or conservation measures with $5 billion in bonds.  He
also indicated that the state would sell its power at cost based rates
which are specified in the amendments.


Start Date: 1/27/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012714.txt


Thanks very much for dinner, the guacamole and the company.  I left you a check for the truck window work on the kitchen counter.

(That was the best dinner I've ever had in my entire life!  kidding! :)  )

Hope that you're not getting beat up by your bomb-throwing colleagues.

Best,
Jeff


Gerry, I've looked over the agreement and still don't believe that it raises
any PUC regulatory issues.  If you need more (or a more formal version of
this e-mail) please contact me.

Daniel Clearfield, Esq.
Wolf, Block, Schorr and Solis-Cohen LLP
212 Locust St., Suite 200
Harrisburg, PA  17101
(717) 237-7173
(717) 237-7161 fax

>>> <Gerald.Nemec@enron.com> 03/20/01 12:59PM >>>
Dan,  Per our discussion, attached is the Compressor Services Agreement
between Enron Compression Services Company  and Tennessee Gas Pipeline
Company.  This is a rough draft at this point, but should give you a good
idea of the structure of this deal.  Note that Section 3.4 will be removed
as this is no longer part of the deal.

(See attached file: EP comp agmt1.doc)


The exciting cocktail of credit derivatives and Enron Online raises
significant novel legal risks for Enron.  As most of you will by now know,
probably the most significant risk would arise in a situation where Enron has
confidential information about a reference entity and wrongfully uses that
information in pricing the credit derivative on that entity.  This could well
result in legal proceeding against Enron.  In practice, an allegation of
misuse of confidential information can be very difficult indeed to defend
without adequate procedures in place to safeguard that information.  In
fact,  Enron's credit trading will, as you know, rely strictly on publicly
available financial information and will not involve the use of confidential
information, unless the reference entity has specifically consented.
Nevertheless, to avoid the appearance of impropriety, we are taking
additional steps to consider confidentiality agreements we have in place with
potential reference entities before deciding whether or not we will quote
prices on such entities.

Against this background is the ever-present risk of "insider dealing".  This
crime - which in the UK carries a maximum prison sentence of 7 years and an
unlimited fine - is committed where a person (or member of their family etc)
deals in the securities (shares, bonds or derivatives on them) of a listed
company on the basis of unpublished (confidential) price-sensitive
information.  We do not expect at this time to deal in publicly traded bonds
as part of EnronCredit.com, but insider dealing is relevant to the conduct of
Enron staff and could affect other parts of our business.  In addition, SFA
rules in the UK require the safeguarding of confidential information, the
misuse of which is a serious disciplinary matter.

In order to ensure the success of this new business and that confidential
information is not misused either by Enron or its staff, we are now
introducing important new policies and procedures in Europe and in the US.
These procedures have been drawn up specifically for your credit trading
group by lawyers in London, Houston and New York and are attached.  Please
familiarise yourself, and any future member of the group,  with these
procedures. Once you have read and understood the attached procedures each
one of you is required to confirm this to me in writing (or by note mail).

Please note that similar procedures have been distributed to the key business
heads in Europe who may have confidential information about reference
entities (similar procedures are being disrtibuted to US business heads).
This requires them to safeguard confidential information and to abide by the
Restriced List procedure described below.  Nevertheless, you should treat
your group as being within a Chinese Wall and see it as your personal
responsibility not to solicit or accept from anyone in Enron information
about reference entities which may be confidential.

Thank you for your co-operation in implementing these important new
procedures.  I look forward to receiving your confirmation mentioned above
(which is also described in the procedures).

Best regards

Paul


I am on vacation March 23 through March 29 and will not receive your message
until I return.  If you need to speak with someone immediately please contact
my assistant, Meredith Hall at 503-802-2087 or Meredith@tonkon.com.


Hello Eric Saibi,

 This is an automated email delivery.  The following info is for
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