I will be away from my desk tomorrow, April 4, 2000.   If you require
assistance with an EOL-related matter, then please contact one of my backups:

Global EOL Contacts:

  Name   Work Telephone Pager Number
BACKUP Sylvia Campos  (713) 853-5755  (713) 509-4650
BACKUP  Linda Bryan   (713) 853-3538  N/A
MANAGER Connie Sutton  (713) 853-5686  (713) 709-0295

Thank you,
Karen


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/26/2001
04:47 PM ---------------------------

	Enron North America Corp.

	From:  V Charles Weldon                           01/22/2001 09:18 AM

To: Mike A Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT
cc:
Subject: Turnover Document


Privileged and Confidential Joint Defense Communication

From:  Don Schultz
To:      Kansas JDT Participants
Re:      10/15/01 motion hearing
           A  transcript has been ordered.   Below is my recap. I  encourage other attendees to reply with  corrections or additions you think  would be helpful to folks who did not attend.
           1.   Overall Impressions
           Rex  Sharp's arguments were unclear, complicated, and at times  inconsistent.   I think plaintiffs' lawyers left the Court with  the impression that they are in disarray, not well organized, and  not ready to proceed with a workable approach to the  case.
         Dave Rebein did an  excellent job of illustrating how bizaare this case is in scope  and substance - you'll want to read the "motorcycle story" he told Judge  Smith at the start of his argument to illustrate this.  His  creative approach struck a chord; Judge Smith put his hands in  front of his face in order not to laugh so obviously, but laugh he  did.
          Jim Griffin showed  the Judge that the defendants have invested thousands of  hours collectively to produce the information on their Kansas contacts, and  ably reviewed the case law which frowns on allowing discovery into either p.jd.  or merits where a conspiracy has been pleaded only in conclusory  terms.
         Jim and Dave  presented coordinated, clear arguments and presented  them persuasively.   Their hard preparation work, and that of the  Akin Gump team and many other volunteers, seemed to me to pay off in a  very strong showing.
          Smith listened  to the arguments without saying much or asking questions.   My  sense at the conclusion of the arguments was that the Judge had not read much of  the defendants' briefs, but that Messrs. Rebein and Griffin had  made compelling arguments in line with those in the briefs, whereas Sharp's  arguments remained muddled.  Smith's comments and decisions on the  motions, thus far are summarized as follows.
           2.   Sharp's Pseudo Motion to Compel.
          Judge Smith  will review the interrogs and requests for production which Sharp  served as "personal jurisdiction" discovery.  He will issue some form of  order or statement - he said by this Friday - which identifies those questions  which go too far - are outside what he contemplated in the case management order  as "limited" personal jurisdiction discovery, versus those questions he  thinks defendants should answer because they bear on personal  jurisdiction.  This will not constitute a ruling on any  objections.
            The  defendants will have ten days to further answer or object to any of the  discovery which the Court finds is within the intent of the case management  order as to the scope of personal jurisdiction issues.    Judge  Smith said that he wants future discovery objections to be filed with/sent to  him immediately so he can get a response from the other side and rule on  objections quickly - he wants to know about discovery objections  "before God hears the news" (something like that).
         Judge Smith gave a  brief overview of the parties' opposing  positions on the scope of  permissible jurisdiction discovery - the defendants limiting that scope to  "contacts" and the plaintiffs treating it as tantamount to merits  discovery.  He did not seem prepared to agree with either party  completely.  He said that it was his intent from the outset to spare  the defendants from full merits discovery until he determined the scope of  the court's jurisdiction, and it seemed that he intends to continue to draw  a distinction between limited and full discovery.  Pointing to a blow-up  which Messrs. Rebein and Griffin used, he indicated that some of the requests do  appear to go well beyond personal jurisdiction  issues.   He also said, though, that the jurisdictional  issues may not be limited to "contacts" as the defendants contend.
           I left the  courtroom unsure how Smith will decide which questions he thinks are within  and without the limited personal jurisdiction discovery the CMO allows.  It  is not clear whether he will look at the law on the sufficiency of pleading  a conspiracy, or whether he will look at the case law on whether or  not pleading a conspiracy can extend the scope of  personal jursdiction to reach "no-contacts" alleged conspirators.    Neither side really pushed him to decide those legal points now.   He  left himself all options as still open.   I had  the impression that the Judge had not read the discovery requests at  all - even though defendants had attached them as an exhibit - and that  he expects (perhaps naively) that the boundary between limited  personal jurisdiction and merits discovery to be clear to him as he  looks at the questions one at a time.
       Sharp tendered to the Judge a copy of  the Tejas defendants objections and answers.  Other defense counsel  requested leave to submit their defendants' responses and  objections.   The Court finally realized that the defendants were  concerned he would be ruling to compel discovery without having considered the  various objections, and so made clear he is only going to now evaluate Sharp's  questions, give some guidance on which questions seem within the scope of the  order, and the defendants can make objections as needed.
       The Judge seemed frustrated that  Sharp had not provided him the discovery questions with his motion, and  also seemed perturbed by the form of the motion.  He said "I don't  know what this motion is . . . there is no such motion . . .  Plaintiffs are just making stuff up . . . I don't like it when parties make  stuff up, because then I don't know what to do."
             3.  PSCo - Colorado and KCS motions to compel.   Jim  Eisenbrandt and Jim Flaherty argued persuasively that Plaintiffs should have to  respond to the personal jurisdiction discovery they had submitted, even if the  answers are that the plaintiffs don't have evidence to support jurisdiction over  individual defendants.   Judge Smith denied Sharp's motion for a  protective order that plaintiffs not have to respond to that  discovery.   He rejected Sharp's argument that it is not "fair"  for plaintiffs to have to respond when the defendants have asserted  objections.   As with Sharp's questions, Judge Smith will review  the questions submitted by KCS and PSCo and identify those which the plaintiffs  must answer.   Dan Church will submit his separate discovery  served on the plaintiffs, since he asked some additional and different  questions.
           4.   Discussion of Case Management Order
          In arguing  his motion, Sharp emphasized that with the passage of time and lack of  discovery he does not believe the CMO deadlines on the personal  jurisdiction motion can be met.  Later, off the record, after the  arguments, Sharp and Kerry McQueen "apprised" the Court that Mike Moore  cannot attend to this case due to the illness of his office manager, that Moore  cannot be deposed for the foreseeable future as a class representative, and that  Moore may have to reevaluate in about a month whether he even wants to  participate in this case (McQueen said if Moore does not want to participate  then he and Sharp will face some "hard decisions").
         Though Sharp  reiterated, at points in his arguments, that he thinks the class certification  should proceed ahead of the personal jurisdiction factual motions because  the latter require discovery tantamount to merits discovery, he also seems  to want to delay class certification, but has been unclear in that respect.
        There were no formal  proposals made to change the CMO, and no rulings to do so.  The Judge  indicated that if the parties agree to change the CMO deadlines and schedule, he  will not have a problem doing so, subject to him deciding the hearing  dates.  He wants the events calendared at all times to give him  management control over the case, but he is amenable to changing the time  lines.
        I think both sides  will wait to see what the Judge says about the scope of "limited personal  jurisdiction discovery," then re-evaluate how to proceed with CMO  negotiations.  It seems likely to me that we will get to the  hearing on the initial motion to dismiss without the discovery having  progressed far in substance.  It is not at all clear whether the  defendants will still want to, or be able to, continue pressing forward  with the personal jurisdiction motion (including undertaking needed discovery),  and a decision on same, before class certification.  Judge Smith still  seems to think that is the correct logical sequence for the case, but his  guidance on the discovery scope will be pivotal.
            Don.


---------------------- Forwarded by Mark E Taylor/HOU/ECT on 10/07/99 04:30
PM ---------------------------
To: Mark E Taylor/HOU/ECT@ECT
cc: mdoucett@ei.enron.com
Subject: Re: Returned mail: Host unknown (Name server: etc.enron.com: no
data  known)

Mark:

let me try again:

FPL


Ben,

I found that you should have considered that power plant will operate from
June 2001, which means we can only realize the spread option value of 7
months, not of a whole year. Please make the changes as well as clean up the
"Opion" page. We should start to think about going to RAROC and to scrub the
model.

What is the source of the financing assumptions?

Jinsung


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/03/2000
02:02 PM ---------------------------

Masayuki Fujita <mfujita@mri.co.jp> on 03/31/2000 08:36:00 AM
To: vkamins@enron.com
cc: Eugenio Perez <Eugenio.Perez@enron.com>
Subject: A visit

Professor Vincent Kaminski
Vice President of Research
Enron Corp.

Dear Professor Kaminski

    I , Masayuki Fujita was the only Japanese attendee of the Energy
Derivatives seminar
in Houston last December and a member of Japanese consultation firm:
Mitsubishi Research
Institute, Inc. I would be very honored if you can meet with me 17 or 18
April after
attending Energy Trading Summit in 12th-14th. As you know, Japanese
electricity trading is
on the way of deregulation beneficial to the consumers from a long stage of
the nine major
companies' regional monopoly. We are giving a hand to help the Ministry and
industry to
find the right course of them. I and my colleague Yamada, who will attend Risk
Publications Monte Calro seminar in Four Seasons Hotel, would like to visit
you and your
company for studying the sophisticated risk management at Enron. In return,
we may give
you the information about recent institutional progress and major electricity
companies
response in Japan.

    We are now personally translating your book "Managing Energy Price Risk"
second
edition and wondering if you have not given the right to publish in Japanese
and nay give
us the chance to help you introduce modern technology to manage energy risk
in the
Japanese energy industry.

    I do not hope Japanese English power prevent me to pass my sincerity to
you and I can
visit you soon.

    Best regards,

Masayuki Fujita
Principal Financial Engineer
Financial Technologies Section
Mitsubishi Research Institute, Inc.
3-6 Otemachi 2-chome, Chiyoda-ku
Tokyo 100-8141
Japan
Tel +81-3-3277-0582
Fax +81-3-3277-0521


Attached are my comments.  Obviously, I haven't reviewed the original lease so I am providing comments from a less than optimal vantage point.

Regards

Stuart

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Friday, December 28, 2001 11:51 AM
To:	Zisman, Stuart; Redmond, Brian
Subject:	Dow Amendment

Attached is a draft of the Dow Amendment.  I used portions of their proposed amendment which they sent of August 8.  Date and prices are left blank for negotiation.  Let me know if you have any questions.

 << File: Dow Amd.doc >>


---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/02/2001 04:06
PM ---------------------------

	From:  Karen D McIlvoy                           04/10/2001 08:20 AM

To: ragan.bond@bhlp.com
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd:

A beautiful woman loved growing tomatoes, but couldn't seem to get her
tomatoes to turn red. One day while taking a stroll she came upon a
gentleman neighbor who had the most beautiful garden full of huge red
tomatoes.

The woman asked the gentleman, "What do you do to get your tomatoes so
red?" The gentleman responded, "Twice a day I stand in front of my tomato
garden and expose myself, and my tomatoes turn red from blushing so much."

 The woman was so impressed, she decided to try doing the same
 thing to her tomato garden to see if it would work. So twice a day for two
weeks she exposed herself to her garden hoping for the best

  One day the gentleman was passing by and asked the woman, "By the way,
How did you make out? Did your tomatoes turn red?"

"No" she replied, "but my cucumbers are enormous!"


FYI,

---------------------- Forwarded by John M Forney/HOU/ECT on 11/27/2000 07:30
AM ---------------------------
From: Dan Dietrich on 11/27/2000 08:34 AM MST
To: Tim Belden/HOU/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT
cc: Chip Cox/PDX/ECT@ECT, Diana Willigerod/PDX/ECT@ECT, Sammy
Abu-Khalaf/PDX/ECT@ECT, Bruce Smith/HOU/ECT, David Poston/PDX/ECT@ECT, Steve
Nat/Corp/Enron@ENRON, Keith Dziadek/NA/Enron, Jeff Richter/HOU/ECT@ECT, John
M Forney/HOU/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Monika Causholli/PDX/ECT@ECT
Subject: IT problems Sunday

Tim and Murray,

Yesterday the real-time desk experienced dropped Terminal Server (TS)
sessions which impacted their productivity. Diana and Chip contacted the
network team in Houston to assist with troubleshooting the problem. Keith
Dziadek monitored the DS3 VPN connection between Portland and Houston and has
determined that it is the dynamic fail-over within the Enron Intelligent
Network (EIN) which is causing the dropped TS sessions. This dynamic
fail-over is a good thing. Our issue is that the sensitivity of the TS
sessions is so high that the time of the dynamic fail-over on the EIN causes
them to drop while all other applications (i.e. Enpower running locally in
Portland) are not affected.

Keith is meeting with his team in Houston as well as staff from EBS today to
form an action plan. Once the action plan has been established, Keith or I
will communicate what and when it will be done to you via email.

You can reach me on my cel if you have any questions.

Regards,

Dan Dietrich
Cel: 403-818-0815

---------------------- Forwarded by Diana Willigerod/PDX/ECT on 11/26/2000
03:33 PM ---------------------------

	From:  Phillip Platter                           11/26/2000 03:19 PM

To: Jeff Richter/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, John M
Forney/HOU/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT
cc: Mark Guzman/PDX/ECT@ECT, Monika Causholli/PDX/ECT@ECT, Diana
Willigerod/PDX/ECT@ECT, Chip Cox/PDX/ECT@ECT, Paul Kane/PDX/ECT@ECT

Subject: IT problems Sunday

Please be advised of a serious problem with Terminal Server!

We were all kicked out of Terminal Server consistently on Sunday.  At first
it happened about every half hour (9am to 10:30a.m).  Then it happened every
5 minutes.
Communication seemed slow.  We paged and called the Portland IT Team at
11:30  (Diana & Chip).  At 12noon Diana said Chip and Paul Kane were working
on it.   At around  12:30 Paul Kane called back and said "Vince" in Houston
was working on it.  We asked for Vince's Phone number and Paul stated that
Vince would call us instead. Vince called at about 1:00 and said everything
was now working.  Five minutes later we were still getting kicked out.   We
then paged and called Chip and he said he was trying to get ahold of
Houston.  At 1:30 we called the Resolution Center. They indicated they had no
clue we were having problems. At 1: 45 we called Greg Marsalis in Houston and
he said he was unaware of who was working on it, but was going to look into
it.

Greg did look into it and said they were still not able to pinpoint the
problem.  At this writing,(3:10p.m.) we are still not able to use Terminal
Server  and consequently are unable to transact with the ISO or to enter
deals in enpower.  This has also affected our connection to PX Trade App.  We
are effectively prevented from taking advantage of market conditions in
California.  Earlier I had started to initiate some congestion relief  on the
Palo Verde tie .  Cong was $225 to $250 at Palo and I was confident I could
take advantage by moving power out of SP.  I was unable to do anything in
Caps as I was kicked out every few minutes.

I feel the communication process regarding this problem has been flawed.  I'm
sure there is plenty of blame to go around .  I suggest we meet with IT  to
define a process where we will get immediate attention and results.

As of 3:20 we still have the same problems.

I am hoping this problem is isolated to Sunday.


You will have access soon - Stephanie will send you your ID's and passwords.

We have a lot of work to do in there - so we don't want everyone in there quite yet.  The problem is - if traders are playing with the products while we are trying to re-build the products and data elements with UBS names - we are going to have issues.

The other thing I want to make sure everyone understands - this is our new production data base - not a test data base.
There are a limited number of authorized users assigned to "testing" or playing around with the data - and they are responsible for cleaning it up too.
We will allow people to play for the simulation only.

Once we finish building our UBS production data base - we will the copy it to our test data base - and resume our bridge testing from there to the other test environments (our test environment still has the old Enron data).

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, February 04, 2002 3:18 PM
To:	Engel, Tom
Subject:	EOL access

Tom,

Everyone in risk management needs to get access to EOL bridge monitor and reports.  What do we need to do to get this and how soon can it be granted?  We need this by Thursday to be prepared for testing.

Thanks

Kam


Hi Vince,
I am enclosing my resume, as per our most recent conversation.
Best regards,
Bogdan M. Szopa

 - BOGDAN  res..doc


John,

Rob and I are both in for golf on Sunday.

Chris


I left  another message w/ Abrams   today re gty!!!!!!!!!!!!!!!!!!

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


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 05/29/2001 11:21 AM -----

	"Costigan, Richard" <Richard.Costigan@asm.ca.gov>
	05/25/2001 02:46 PM

		 To:
		 cc:
		 Subject: current energy crisis timeline

 <<Energy Emergency Timeline.pdf>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005


Fyi
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Brad D. Reese <bdreese@duke-energy.com>
To: dennis_mcconaghy@transcanada.com <dennis_mcconaghy@transcanada.com>
CC: 'Carlton Cavan' <cavan.c.carlton@williams.com>; Freer David - TPDWF <DFreer@sempra.com>; Hulse Darcel <DHulse@sempra.com>; Gadd, Eric <Eric.Gadd@ENRON.com>; John Fred E. <FJohn@sempra.com>; jcm@vnf.com <jcm@vnf.com>; 'Birch Murray' <mbirch@wei.org>; 'Lund Peter' <Peter.Lund@neg.pge.com>; 'Schroeder Steve' <SKSchroeder@duke-energy.com>; Patrick Steve - TPSDP <SPatrick@sempra.com>; tcr@vnf.com <tcr@vnf.com>; Purcell William <WPurcell@sempra-intl.com>; 'Wright Byron' <wrightb@epenergy.com>; jay.holm@elpaso.com <jay.holm@elpaso.com>
Sent: Fri Nov 16 17:05:56 2001
Subject: Re:

Dennis and all "partners":

I agree with Dennis on the need to meet with the Gov -  ASAP.  Governor
Knowles office called Duke directly stating his desire to meet around the
30th.  On my request his office is trying to determine what might be done
around the 29th instead.  I've also got an initial email into the three ANS
producers indicating the ANNGTC principles being in Anchorage around that
date and am awaiting their response to a meeting.  More next week.  The
meetings in D.C. went well, especially on the republican side.  Our
collective involvement is impressive - I'm glad to work with each of your
companies.  Have a good weekend.

Brad Reese


----- Forwarded by Brian Hendon/Enron Communications on 03/27/01 11:22 AM
-----

	Carolyn_Hendon@gwinnett.k12.ga.us
	03/27/01 08:16 AM

		 To: Brian Hendon/Enron Communications@Enron Communications
		 cc:
		 Subject: Fwd: Fw: HAPPY EASTER

---------------------- Forwarded by Carolyn Hendon/Pinckneyville Middle/GCPS
on
03/27/2001 09:09 AM ---------------------------

Cheryl Nakahata
03/26/2001 01:26 PM

To:   Carolyn Hendon/Pinckneyville Middle/GCPS@GCPS, Kathy
McBride/Pinckneyville
      Middle/GCPS@GCPS, Cyndie Burgess/Pinckneyville Middle/GCPS@GCPS, Lynn
      Bird/Pinckneyville Middle/GCPS@GCPS, Nancy Grant/Pinckneyville
      Middle/GCPS@GCPS, Carol Rappold/Pinckneyville Middle/GCPS@GCPS
cc:

Subject:  Fwd: Fw: HAPPY EASTER

Subject:  Fwd: Fw: HAPPY EASTER

 - Easterch.jpg


only works for gen and dataintervals of hourly and realtime at the moment.

EXEC sp_AB_GetData
	@DataClass = 'gen'	,
	@DataCode = 'sd3'	,
	@StartDate = '1 FEB 2001'	,
	@EndDate 	= '1 MAR 2001'	,
	@HourType 	 = '7x24'	,
	@DataInterval = 'hourly'


Please read the attached correspondence from Brent regarding the controls and
standards we have been discussing.  Daren, I realize you will not be able to
attend the morning meeting due to trading.  However, Pat, I would like for
you to attend to represent the Gas Logistics role.  Please ensure you and
Daren have met prior to the meeting, and you are prepared to represent this
functional area.  Thanks.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 05/11/2000
09:04 AM ---------------------------

Brent A Price
05/11/2000 07:55 AM
To: Brenda F Herod/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Lisa
Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT,
Kristin Albrecht/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Dan
Houston/Corp/Enron@Enron, Stacey W White/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: Houston Gas & Power Controls/Standards Assessment

As you all are aware, there is a heightened awareness throughout the company
of the need for establishing global trading control standards and developing
a process by which we will track and monitor on a regular basis our success
at achieving those standards.  I have been asked by Sally to take the lead on
meeting this objective.  For the last several weeks, I have been involved in
an extensive review of the London office controls and procedures for their
gas and power trading businesses.  We have used the findings of this review
to start developing an assessment of controls, standards and measurement
methodology for the London office.

In order to work towards our goal of developing global trading standards
across Enron, we need to perform the same controls and standards assessment
for the Houston gas and power businesses (we will assess global products and
other commodities traded at a later date).  I will be in Houston Tuesday and
Wednesday of next week to help facilitate this process.

I have scheduled a meeting next Weds., May 17 from 9:00 - 11:30 in EB49C1 so
that we may review our controls, define the standards of meeting those
control requirements and assess the risk associated with those controls not
operating properly.  Before that meeting, I would like for all of you to
develop for your  respective functional responsibilities the following:
 - a listing of all controls your group is responsible for (i.e. cash
collections are timely)
 - a proposed standard that will ensure each control is being met to its
maximum effectiveness (i.e. cash is collected within 30 days of deal date
with            exceptions noted)
 - a quantitative measure to allow performance monitoring of each standard
(i.e. % of cash collected within 30 days)
 - a description of current capabilities to calculate, track and report each
measurement (i.e. automated A/R aging report)

I would urge you to be as detailed as possible in listing your control
functions and to solicit feedback from your managers and leads.  A lot of
work has already been done to identify this information so I would hope time
requirements for this will not be extensive.  I have attached a worksheet to
be completed with the information discussed above.  I have also attached a
high level summary of proposed gas and power standards to use a guideline but
it is certainly not all-inclusive and should be revised as necessary.

As discussed above, we will review the controls and standards listings for
each functional group in the Weds. meeting and also assess the risk
associated with each control.  I would like to achieve consensus on gas and
power operating standards for Houston by the end of the meeting.  Let me know
if you have any questions or comments regarding this process.  I look forward
to seeing you next week.


Short and sweet.   I like it.   You will have to sell your competitiveness and work ethic, because you bring zero experience and your resume reflects that.

 -----Original Message-----
From: 	Darrin Presto <Darrin_Presto@RSD.EDU>@ENRON [mailto:IMCEANOTES-Darrin+20Presto+20+3CDarrin+5FPresto+40RSD+2EEDU+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 20, 2001 11:26 AM
To:	Presto, Kevin M.
Subject:	RE: Wolf -Reply

let me know if you got anything.  What is Greg Wolfe's title?
What division of Enron does he work for?

 - ENRONR~1.DOC << File: ENRONR~1.DOC >>


Madhur and Aaron:  I am waiting for a response from  credit.
Aaron:  You had me confused because you kept referring to Morgan Stanley who
we are negotiating with on the equity side.  Who negotiated the
Enroncredit.com ISDA?
So, this party trades FX and credit?

Sara

	Madhur Dayal
	09/22/2000 04:51 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: ISDA Master Agreement bet. Morgan Guaranty and Enron North America

Sara,

Do you know where we stand on an ISDA agreement with JP morgan.  We need one
for Enron North America.

---------------------- Forwarded by Madhur Dayal/HOU/ECT on 22/09/2000 16:48
---------------------------

	From:  Nicholas J Stephan                           21/09/2000 15:13

To: Madhur Dayal/HOU/ECT@ECT
cc:
Subject: ISDA Master Agreement bet. Morgan Guaranty and Enron North America

---------------------- Forwarded by Nicholas J Stephan/LON/ECT on 21/09/2000
15:15 ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Michael Stolfi" <stolfi_michael@jpmorgan.com>
  21/09/2000 21:11

To: nicholas.j.stephan@enron.com
cc: "Thomas R Bumbolow" <bumbolow_thomas@jpmorgan.com>, "Sanjeev X Puri"
<puri_sanjeev@jpmorgan.com>

Subject: ISDA Master Agreement bet. Morgan Guaranty and Enron North America

Nicholas:

Henry Steuart asked me to forward to your attention the revised draft ISDA
Schedule which I previously sent to Ms. Flynn. As I mentioned in my last note
to
Ms. Flynn, the attached draft incorporates all of Morgan's comments and should
be self-explanatory. The motivation behind many of our comments was a
conscious
effort to keep the credit terms nearly identical to those already agreed to
with
other Enron entities.

Please review the attached and feel free to call, fax or e-mail me with any
questions or comments.

Sincerely yours,
Mike Stolfi
212-648-8231
212-648-5125 fax

(See attached file: Enron North America - MAS#3.doc)(See attached file: Enron
North America - MAS#3(blined).doc)

 - Enron North America - MAS#3.doc
 - Enron North America - MAS#3(blined).doc


Info Lunch, Chicago Graduate School of Business

Who:   	Interested Analysts
Where:  	Doubletree Hotel
Room:   	LaSalle B
When:  	Wednesday, Oct. 17th
Time:  		11:30 AM - 1:00 PM

Seating is limited - please rsvp to Constance Charles, x35614


Any GCP adjustments will be highlighted in dark red.

Rgds.

Samuel x3-9890 (GCP Team)
Enron Net Works _ Global Data Mgt.

From: Aparna Rajaram/ENRON@enronXgate on 04/04/2001 01:25 PM
To: Kelly Lombardi/NA/Enron@Enron, Samuel Schott/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Steve Venturatos/HOU/ECT@ECT,
Camille Gerard/Corp/Enron@ENRON, Samuel Schott/HOU/ECT@ECT, Tanya
Rohauer/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Ken Curry/ENRON@enronXgate, Nicole
Hunter/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate
cc:
Subject: Click Paper Approvals, 04-04-01

Please see attached. Thanks.

Aparna Rajaram
Ph: (713) 345-4563
Fax: (713) 853-9476
Aparna.Rajaram@enron.com


Marc,

I agree completely and don't have any legal reason not to send the form of
L/C we would require.  Unfortunately, given the nature of this transaction we
can't use our standard form but will have to beef it up a bit.  Let me know
if you're ready to send that and I'll get started on it right away -
shouldn't take more than a day or so to get it ready.

Mark

Marc De La Roche
02/24/99 06:45 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc: Doug Leach/HOU/ECT@ECT
Subject: Re: DPC Naphtha Hedge

Mark,

FYI: Ram Srivastav is the President of DPC. Can we send DPC the format of the
Stdby L/C to advance the credit risk portion? We're not committing to
actually putting a derivative in place, just familiarizing them with the
necessary tools. The legal risk aspect will be covered when we get their
outside counsel opinion sent to us. Please let me know. While I feel strongly
that we need to cover all of ECT's bases, especially when dealing with the
Indians, I don't want to appear to hold up the process. Let me know what you
think.

Marc

---------------------- Forwarded by Marc De La Roche/HOU/ECT on 02/24/99
06:40 AM ---------------------------
From: Ram Srivastav@ENRON on 02/24/99 08:25 AM
To: Vinayak S Bapat, Marc De La Roche/HOU/ECT@ECT
cc: Pavan Dave, Doug Leach/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT,
Darrell W Kinder AT ENRON_DEVELOPMENT@CCMAIL
Subject: Re: DPC Naphtha Hedge

While the legal openions are coming - please continue working the rest of the
issues and Dont forget that MSEB has to understand and agree to any of these
arrangements.
Ram

______________________________ Reply Separator
_________________________________
Subject: DPC Naphtha Hedge
Author:  Marc De La Roche/HOU/ECT at ECT
Date:    2/23/99 2:55 PM

Mood Stamp:  FYI
---------------------------------
Importance:  High
---------------------------------
Vinayak,

We very much look forward to being able to help DPC mitigate it's fuel price
risk by implementing a derivative through ECT.

ECT's counsel has advised me that the format for the Standby Letter of Credit
to cover ECT's exposure on the derivatives will be sent to you/DPC as soon as
you provide us with an opinion from outside (non-DPC) Indian counsel on the
legality of commodity derivatives in India.

Pursuant to the above, please obtain a formal opinion from outside (non-DPC)
Indian counsel on the legality of commodity derivatives in India, and send it
to myself  at your earliest convenience.

Thanking you in advance,

Marc


Mercury News, 7/3: Blackout hits Las Vegas

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

Blackout hits Las Vegas as number 120 comes up
And California calls its first power alert since May as the mercury soars.
July 3, 2001
From staff and news service reports
Las Vegas suffered its first rolling blackout ever Monday as soaring
temperatures and churning air conditioners outstripped the local utility's
ability to provide electricity.
Nevada Power Co. cut about 100 megawatts, or enough electricity for 75,000
homes, for about an hour.
Scattered outages were reported around the Las Vegas area, where temperatures
reached 120 degrees. Earlier, the utility asked its major power users,
including the neon-lit resorts on the Las Vegas Strip, for voluntary
reductions. Casinos instituted conservation measures largely not noticeable
by guests.
Meanwhile, in California, high temperatures led the Independent System
Operator to declare an emergency alert for the first time since May 31.
A Stage 1 alert was called at 1:35 p.m. as reserves fell below 7 percent of
demand. The alert was upgraded to a Stage 2 at 2:40 p.m., meaning reserves
fell below 5 percent.
The alert didn't trigger new wholesale price limits under a system recently
ordered by the Federal Energy Regulatory Commission. Under the FERC rules, a
Stage 1 alert must be in effect for a full clock hour (i.e., 2 to 3 p.m.) to
reset the caps, said Stephanie McCorkle, a spokeswoman for the ISO. Since the
Stage 1 was upgraded to Stage 2 before a clock hour passed, that condition
was not met, she said. The cap, designed to prevent price spikes, remains at
$92 a megawatt-hour.


We need to be careful how we position this.  I'm concerned that this may be
perceived as Enron re-entering the residential market -- even though we're
proposing to supply SDG&E rather than direct end-use customers.  How does
this compare to the other eight offers SDG&E has received?

James D Steffes@EES
08/17/2000 01:38 PM
To: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Jeff Dasovich/SFO/EES@EES, Tim Belden/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Richard Shapiro/HOU/EES@EES
cc:

Subject: SDG&E Offer

Attached is a write-up of a presentation on making a "public" offer in
SDG&E's territory for supplying their residential load.

If we are to do this, we need to probably have something ready by late August.

Any comments?
---------------------- Forwarded by James D Steffes/HOU/EES on 08/17/2000
03:35 PM ---------------------------

Melinda McCarty@ENRON
08/17/2000 03:07 PM
To: James D Steffes/HOU/EES@EES
cc: Marcia A Linton/NA/Enron@Enron
Subject: Presentation

Just in case you need this for future reference.  I played with it and gave
it a simple look.  (You can always delete if you don't like it.)

mm


ISC - Customer Service Survey Ticket#HD0000000725316, Wanted to know how to add admin in his profile

: Thank you for taking the time to fill out our Customer Service Survey.
Your input is crucial to our continued efforts in establishing and providing you with World Class Support.

Please take a minute and complete the 5 question survey then submit it back to us when you are done.

Once again, thank you for your participation.

ISC Customer Care Group

http://rc.enron.com/survey/survey_1.asp?id=000000000007060


Weather video conference.


It all depends on what the letter says---but I am sure it is fine. I am here
this am.

	Kristi Fredericks/ENRON@enronXgate
	04/25/2001 05:13 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Internal Legal Representation Letter

Richard-

We are currently nearing the end of our audit for EnSerCo, L.L.C. and
therefore we need to send out an internal legal representation letter.  I
know that you were the person who signed the letter last year and therefore I
was wondering if you could sign it for us this year as well.  If could let me
know, then I can bring this by to you Thursday morning for your signature.

Thanks,
Kristi Voinis
x53458


Please find the full translation of the FT Deutschland article:

Europe,s the power giants must first show that they can turn the new freedoms
profitably to their advantage

Thanks
Iona


Please put on my calendar.  Thanks.

 -----Original Message-----
From: 	Delainey, David
Sent:	Monday, October  1, 2001 10:53 AM
To:	Rogers Herndon/HOU/ECT@ENRON; Don Black/HOU/EES@ENRON; Beth Apollo/HOU/ECT@ENRON; Terry W Donovan/HOU/ECT@ENRON; Ed McMichael/HOU/ECT@ENRON; Sally Beck/HOU/ECT@ENRON; Berney C Aucoin/HOU/ECT@ENRON; Edith Cross/HOU/ECT@ENRON
Subject:	Q3 Celebration

It would be great if you and your EES teams could come by.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/EES on 10/01/2001 10:50 AM ---------------------------

 	Enron Energy Services  From:  EES Office of Chairman                           10/01/2001 10:34 AM

Sent by:	EES Distribution
To:	All EES
cc:
Subject:	Q3 Celebration

<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>


Details:

	Early Sunday morning, a Marxist rebel group known as the "People's War Group" bombed a Coca-Cola plant near the town of Atmakuru in the southern Indian state of Andhra Pradesh.  The attackers left behind a note in the local Telugu language saying the attack was in protest of the U.S. bombing of Afghanistan and "US imperialism."  The note also threatened further attacks against other Western companies in Andhra Pradesh.  In response to the attack, local police are stepping up patrols in Hyderabad (the capital of Andhra Pradesh), and security was also beefed up around the city's technology park, which houses a number of US software firms.
	According to a statement from Coca-Cola, a dozen or so PWG members rode up to the plant via jeep and motorcycle and locked the night security guards in a room before entering the factory and setting up steel cans filled with explosives, which they detonated.  Although the attack caused extensive damage, there were no deaths or injuries.  Several of the bombs apparently malfunctioned and did not detonate - these were later defused by the police bomb squad.

	Assessment:

	The PWG are engaged in an armed conflict against the Ahdhra Pradesh government to press for sweeping land reforms in favor of poor farmers.  This is their first attack against a Western firm.  To date, they have not operated outside of Andhra Pradesh and thus most likely pose little threat to the Enron facilities in Mumbai and Dabhol, both of which are located in Maharashtra.  However, the Indo-American Chamber of Commerce issued a statement noting that it was concerned about the safety of US nationals and companies operating in India.  They noted, "American companies in India are a soft target for terrorists.  The government must see this and step up security to prevent any flight of capital."  Business Controls has contacted the local security firm providing guard services for our offices in Mumbai and asked them to be vigilant - particularly at night - for signs of possible copycat attackers.  Business Controls is also in contact with management at the Dabhol site regarding security matters.


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 10/06/2000
04:22 PM ---------------------------

troy_a_benoit@reliantenergy.com on 10/06/2000 03:59:29 PM
To: "Ami Chokshi" <Ami_Chokshi@enron.com>
cc:

Subject: revised

(See attached file: HPL-Oct.xls)
 - HPL-Oct.xls


Peter, thank you for the message. Thanks to your good work, it appears that matters are in order.  All the best.  Jim

 -----Original Message-----
From: 	Keohane, Peter
Sent:	Friday, June 08, 2001 2:49 PM
To:	Derrick Jr., James; Haedicke, Mark
Cc:	Gaffney, Chris; Johnston, Greg; Powell, Mark; Crawford, Bart
Subject:	FW: Peter Keohane re Enron Blakes relationship

Jim/Mark, attached is a memo that reflects my conversations with Jim Christie, Chairman of Blakes, regarding the ongoing management of Enron work, which I believe reflects our own internal discussions.  I am copying the lawyers in my group for their information.  Best regards, Peter.

 -----Original Message-----
From: 	"JIM CHRISTIE" <jim.christie@blakes.com>@ENRON [mailto:IMCEANOTES-+22JIM+20CHRISTIE+22+20+3Cjim+2Echristie+40blakes+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, June 08, 2001 11:20 AM
To:	Keohane, Peter
Subject:	Peter Keohane re Enron Blakes relationship

Dear Peter:

Thank you for your note.  I enclose a clean copy of my memo as requested.

When I am next in Calgary, I would like to get together with you and, if he is available, Rob Milnthorp.  In the meantime, if there is anything I can assist with, please give me a call.

Best regards,

James R. Christie
Chairman
Blake, Cassels & Graydon LLP
Commerce Court West
Box 25, 28th Floor
Toronto, Ontario  M5L 1A9

Tel:  416-863-2546
Fax:  416-863-2653
Email:  jim.christie@blakes.com

This e-mail communication is confidential and legally privileged.  If you are not the intended recipient, please notify me at the telephone number shown above or by return e-mail and delete this communication and any copy immediately.  Thank you.

 - PeterKeo.DOC << File: PeterKeo.DOC >>
 - JIM CHRISTIE.vcf << File: JIM CHRISTIE.vcf >>


FYI
---------------------- Forwarded by Shelley Corman/ET&S/Enron on 04/12/2000
11:49 AM ---------------------------

Shelley Corman
04/12/2000 11:45 AM
To: Robert Hill/NPNG/Enron@ENRON
cc: Jeffrey Keeler/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON

Subject: Background Materials for the INGAA Board Meeting

Bob,
I generally prepare a package of briefing materials for Stan Horton prior to
INGAA Board meetings.  Since you are attending in his place, I'm planning on
doing the same for you.  I'll forward a complete package tomorrow.  In the
meantime, I wanted to give you a heads up on two issues that will likely come
up at the meeting.

Pipeline safety.  There is a great deal of activity  of this issue.  The
accident in Bellingham Washington has politicians taking the opportunity to
push for tougher state oversight authority and more money to the states.
Last week a grass roots group called the National Pipeline Coalition met to
rally support for state oversight.  INGAA's general reaction has been to
distinguish gas and liquids lines and refer to the gas pipeline safety
record.  To the extent that we have distinquishing factual (not hypothetical)
date,  think this information will be useful in any substantive pipeline
safety legislation.  However, the more immediate issue is appropriations.
Jeff Keehler reports that while safety legislation is not likely this year,
he is certain that we will confront appropriations issues in the form of
higher user fees.  INGAA's approach has been to say absolutely that user fees
for gas pipelines should not be increased.  When we met with Stan Horton last
week, he felt like we should develop a compromise position on some level of
user fee increases that we could support if spent on pipeline damage
prevention (one call) and other public education efforts.  Jeff agrees that a
compromise might be a good political solution, allowing the Washington
congressional members to claim victory in bringing home more money to the
states.  Jeff plans to finish his memo on our compromise position in the next
day or so.  The next step will be convincing INGAA to look at some compromise
rather than flatly rejecting user fees.  It may be appropriate for Enron to
ask that INGAA set up a meeting of the Board level safety task force to
consider such a compromise.
Electric Restructuring Legislation.  Cynthia Sanherr informs me that several
of the combined gas/electric utility members (e.g. Duke) are lobbying INGAA
to change its position on pending electric legislation in a direction that is
counter Enron's interests.  I need to get more detailed notes from Cynthia
and will include in your Board package.  She expects this to come up at the
Board meeting.


I tried to approve this a couple of times, so it should be taken care of.

D


The Harvard University Club of Houston's Recent Graduate Committee is
pleased to invite you and your guests to the following event:

Your Harvard Business School Club of Houston is pleased to host the
following program:

EVENT: Alumni social (in conjunction with the Harvard Club)

DATE: Thursday, April 26, 2001

TIME: 6:00 pm to 9:00 pm

PLACE: Slainte Irish Pub, 509 Main Street (Downtown between Prairie and Texas)

COST: No Charge for first two drinks for members and their guests

Come join us along with the Harvard Club for happy hour at one of Houston's
best Irish pubs!  Houston's "On the Dole" Irish band will be performing
into the evening as well.  This event is open to all alumni and their
guests and we hope that you encourage your long-lost classmates to attend.
This will be a great chance to meet other Harvard graduates who live in the
area. Hope to see you there!

RSVP to Dottie Kerr at (281) 424-3084 or by email dottie@kerr-solutions.com

***************
Dottie Kerr (dottie@kerr-solutions.com)
Administrator for Harvard Business School Club of Houston
http://www.hbshouston.org/


FYI, Kent Shoemaker (GE lawyer for LM's)  is on vacation today, but I believe
he will be back in the office next Monday.

Kay


I just faxed the inventory list to Jerry.

Don, do you have a fax number I could send it too?


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As we near the end of the year, I want to make clear some individual VAR limits I have come up with as we go forward.  These will change from time to time as to allocate VAR to desks that are profitable and re-adjust VAR when desks are not profitable.  Please read carefully.  If you have any questions feel free to see me.  There will be penalties for not staying within your VAR limits.  I will be reasonable but fines will be assessed for repeated breakage.

Rob Benson - 7 MM
Paul Broderick - 1.2 MM
Gautum Gupta - 1.5 MM
Joe Quenet - 300K
Ben Rogers - 300K
Garrett Tripp - 300K


Good morning my sweet sweet girl.

I love you so much. I hope you slept really well last night. I think I may have to cave in and go see the doctor about my little problem. While I'm there I will inquire about the sleep disorder stuff as well. :-( "Why are you putting that glove on Doc" EEEWWW!!!

Really looking forward to that let me tell ya.
I hope you have a relaxing day today baby. Don't strain yourself today ok, you need to heal still and I don't like that you are not taking care of yourself. I worry that you will hurt yourself. I love you so much and I don't like seeing you in pain. Maybe tonight we can go see Black Hawk Down if you want. Or we can just sit around like lumps tonight.

I love you so much. It doesn't matter to me what we do as long as we are together, that's all I care about. You are such a wonderful person. I can't believe that it is me that gets to be with you. I got the best prize of all...

YOU!!

I love you sweetie.
I'll see you when I get home.

CV.


John

This is the file on outages that I attached for Steve.  There is a comments section in the last column.  Take a look, let me know what you think, and let's get together to discuss the next steps.  I will be out of the office next week for vacation, but Ryan Williams will be filling in for me.

Thanks

STO

 -----Original Message-----
From: 	Oh, Seung-Taek
Sent:	Wednesday, October 17, 2001 6:15 PM
To:	Olinde Jr., Steve
Subject:	ERCOT Outages

Steve

Please find attached working file for tracking ERCOT outages.

STO


FYI

As part of the merger, NSP transferred its existing utility operations that were being conducted directly by NSP at the parent company level to a newly formed subsidiary of Xcel Energy named Northern States Power Company.

Because of the merger, the record was overlayed in Global Counterparty and all history for Northern States Power Company is now under Xcel Energy.  A new Northern States Power Company record has been created in Global.  I will be moving all Xcel deals with a July 1, 2001 forward flow date to the newly created record for Northern States Power Company.  Xcel Energy will be inactivated in Enpower.

Please choose Northern States Power Company (NORTHERNST) for future deals with this counterparty.


Welcome to our little corner of the world!   You'll love living here; we're
quite an eclectic bunch, and pert-near everyone is quite friendly.  The area
has much to offer, too, in the way of restaurants, shopping, entertainment,
and even recreation (if you happen to favor biking along scenic bayous on
not-so-well-maintained paths).

It's cool you've already signed on to our website.  It'll keep you up to
date on going-on.  You learn a lot about the people who live here, too.

Be sure to introduce yourself when you're out and about, and come to our
meetings the third Tuesday of each month.

Julie Young
Stanford & Drew

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As a continuation of the integration of Enron Metals into Enron Europe we are
pleased to announce the following organisational changes which become
effective immediately.

Tom McKeever, presently Chairman of Enron Metals will move into the role of
Vice Chairman Enron Europe reporting directly to John Sherriff and Michael
Brown.  Tom will focus on developing our key senior business relationships
across all of Enron Europe.

Joe Gold will become President of Enron Metals responsible for the entire
organization.  We will announce Joe's replacement for managing our trading
and origination efforts on the Continent in the near future.

Michael Farmer and Michael Hutchinson will continue in their roles managing
the Metals's Merchanting and Financial Trading businesses respectively.

Please join us in congratulating Tom and Joe on their new roles.

From the Enron Europe Office of the Chairman


The attached note is from Enron's hired lobbyist in Sacramento.  Looks like
the only thing that is going to happen will be a Budget without anything on
energy restructuring (could continue to change).

There will be some additional negotiating on SBX2 78 over the recess.  Enron
is looking for a way into those discussions (Jeff Dasovich).  We will try to
push good language on DA dates and assignment of Utility and CDWR costs.

On another note, CDWR has announced its revenue requirements going forward.
The numbers are significantly less than had previously been expected (due to
lower costs for spot market purchases).  The end result, if their figures are
correct, is that the March 27 3c/kwh increase would be sufficient going
forward (we are trying to validate).  The key is that now the Retained
Generation proceedings will determine if any more $ is needed from retail
customers.

Thanks,

Jim

 -----Original Message-----
From:  "Scott Govenar" <sgovenar@govadv.com>@ENRON
[mailto:IMCEANOTES-+22Scott+20Govenar+22+20+3Csgovenar+40govadv+2Ecom+3E+40ENR
ON@ENRON.com]
Sent: Monday, July 23, 2001 1:55 PM
To: Sharma, Ban; Leboe, David; Eric Letke; Thome, Jennifer; Ken Smith; Bev
Hansen; Hedy Govenar; Buster, Miyung; Guerrero, Janel; Robert Frank; Mike
Day; Lawner, Leslie; Kingerski, Harry; Karen Denne; Kean, Steven J.; Alan
Comnes; Susan J Mara; Kaufman, Paul; Jeff Dasovich; Steffes, James D.; Rick
Shapiro
Subject: MOU UPDATE

For those of you who don't already know, the Senate passed its version of
the SCE MOU, SBX2 78 (Polanco/Sher) which requires users over 500 kw to foot
the bill for SCE's entire undercollection and it eliminates DA completely.
This largely represents TURN's proposal.  The Senate also passed a budget
and has since adjourned until August 20.

The Assembly had been considering two MOUs, ABX 82 (Keeley) and ABX 50
(Wright).  Both bills had difficulty attracting a majority of votes given
their different approaches to dealing with SCE.  ABX 82 for example, had
large users picking up most of the tab for SCE's undercollection whereas ABX
50 split those charges among all users.  Both bills provided for some type
of direct access and ABX 82 also provided for a purchase of the transmission
system.  In light of the difficulty in passing either bill, it appears as if
the Assembly will shelve both proposals today in order to amend SBX 78 over
the summer break.  An internal legislative working group may be formed to
draft amendments but this has not been confirmed.  Large users have begun
drafting extensive amendments recognizing that in its current form SBX 78
has very little to offer.

The Assembly will try to pass the final portion of the budget today and
recess until August 20.


Steve Merriss has joined the Real Time group effective today, March 19th.
Steve is a graduate of the University of Oregon with a BS in Economics, and
worked as a CPA prior to joining the Real Time group.  Please join me in
welcoming Steve to Enron's West Desk.

B. Williams


As you may know, Jim Fallon and Rich DiMichele have elected to leave Enron.

Effective immediately, Dan Leff will assume management and leadership responsibility for Enron's wholesale businesses, in addition to his current responsibility for our retail businesses.  It is critical that we continue to focus significant effort and attention toward maximizing the value of these businesses.

Bob Semple, of Zolfo Cooper, will continue to stay closely involved in an advisory capacity with Enron's wholesale and retail business activities.

Dan will report directly to Enron's Office of the Chief Executive.


I don't get there until the night of May 7, so I guess no La Dolce Vita party
for me.  Thanks for thinking of me though.  Have you got your rulers all
sharpened up?

	Enron North America Corp.

	From:  Tana Jones                           04/26/2000 08:19 AM

To: Greg Johnston/CAL/ECT@ECT
cc:
Subject: When are you coming?

I forget when you are coming?  If you're in Houston on May 6, Jim Easter in
the Asia/Pacific Group will be having his XVIII Annual La Dolce Vita Party
which is always a great blast, and I'll secure you an invite too...let me
know...!


---------------------- Forwarded by Crystal Reyna/ENRON_DEVELOPMENT on
11/02/2000 11:03 AM ---------------------------

Veronica Perez@ENRON
11/02/2000 09:44 AM
To: Crystal Reyna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah Reyna@ECT,
Anabel Gutierrez@ECT, Grisela Escamilla/NA/Enron@Enron, Yvette
Pinero/NA/Enron@Enron, Geneva.Trevino@COMPAQ.com,
Minerva.Montemayor@COMPAQ.com, Joemtz007@aol.com, Lindaloz3@aol.com,
DnPena@aol.com, Olivia.Herrera@weatherford.com
cc:

Subject:

>  To all of my friends, I do not usually forward messages but this is  from
> my good friend Pearlas Sanborn and shereally is an attorney.....If she
> says that this will work - it WILL work.
>  After all, what have you got
>    to loose?       -Gina Russo
>=20
> SORRY EVERYBODY.....JUST HAD TO TAKE THE
>  CHANCE!!!
>  I'm an attorney, and I know the law. This thing is for real. Rest assured
> AOL and Intel will follow through with their promises for fear of facing a
> multimillion dollar class action suit similar to the one filed by PepsiCo
> against General Electric not too long ago.
>=20
>  We're not going to help them out with their e-mail beta test without
> getting a little something for our time. My brother's girlfriend got in on
> this a few months ago. When I went to visit him for the Baylor! /UT game.
> She showed me her check. It was for the sum of $4,324.44 and was stamped
> "Paid In Full". Like I said before, I know the law, and this is for real.
> If you don't believe me you can email her at jpiltman@baylor.edu  She's
> eager to answer any questions you guys might have.
>=20
>  Intel and AOL are now discussing a merger
>  which would make them the largest Internet company and in an
>  effort make sure that AOL remains the most widely used program, Intel and
>  AOL are running an e-mail beta test.
>  When you forward this e-mail to friends,
>  Intel can and will track it  (if you are a Microsoft Windows user) for a
> two
>  week time period.
>      For every person that you forward this e-mail to, Microsoft will pay
> you $203.15. For every person that you sent it to that forwards it on,
> Microsoft will pay you $156.29 and for every third person that receives
> it, you will be paid $17.65.
>=20
> Within two weeks, Intel will contact you for your address and then send
> you a check. I thought this was a scam myself, but a friend of my good
> friend's Aunt Patricia, who works at Intel actually got a check of
> $4,543.23 by forwarding this e-mail.
>=20
>  Try it, what have you got to lose????


The revised form of ISDA exhibit.doc (which contains the credit support annex
and letter of credit forms) has been moved into the attorney forms bank under
atty.fms/current forms/isdaexh.doc.  The old form of ISDAexh.doc is now under
"old forms" in the attorney forms bank as atty.fms/old forms/oldISDAexh.doc.
Again, per my last email, the revised Multicurrency Schedule is already in
attorney forms.  You may want to circulate blacklined drafts.  The Index to
the swap forms is now also located in the attorney forms bank for your
reference for the most current forms.  It is called "formlist.doc."

London and Singapore, FYI, in addition to making changes to the ISDA
collateral annex, we made changes to the MAC definitions (which we inserted
into ISDAexh.doc for ease of the paralegals) and made changes to the letter
of credit terms, as well as the form of Letter of Credit.   We also added in
an alternative "Credit Support Amount" provision on the front page of the
ISDA credit support annex to deal with situations when we do not want to
return the Credit Support Amount during the term of the Master Agreement.

We moved the guaranty forms (Enron Corp. and Counterparty) as a separate
document(s) in the attorney forms bank, atty.fms/current forms/guaranty.doc.
The guaranty form was revised to (1) make it cover both confirms and masters
so we don't need two separate forms on an ongoing basis, and (2) we changed
the procedures for timing of demands made on Enron (deleting the 15 day
period).  We are also discussing adding an assignment provision to the Enron
Corp. guaranty with Clement and will keep you posted.

We are close to finalizing changes to the Industrial Master, as well as
making changes to the Omnibus form of confirmation.
Also, by the end of the day I will have moved our standard forms of
Secretary's Certificates into the attorney forms bank.


Mexico Hunting Trip


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 05/10/2001
03:22 PM ---------------------------

"SoRelle, Andrea L" <ASoRelle@h-s.com> on 05/10/2001 02:39:15 PM
To: "'Amy Clemons'" <amy.clemons@enron.com>, "'Anne'" <anneyows@hotmail.com>,
"'Brad'" <bradf@inqueststaffing.com>, "'Caroline'"
<carolinehead@hotmail.com>, "'Karen'" <k1p1@aol.com>,
"'kriscameron@deloitte.com'" <kriscameron@deloitte.com>, "'Marcy'"
<marcyrinehart@hotmail.com>, "'Maggie work'" <mbeery@hillandknowlton.com>,
"'Matthew.Lenhart@enron.com'" <Matthew.Lenhart@enron.com>, "'Rachel'"
<rachelarriola@yahoo.com>, "'Ritter, Robert H.'" <rhritter@utmb.edu>, "'Tara
Levinthal'" <tlevinthal@aol.com>, "Pechersky, Svetlana" <SPechersky@h-s.com>,
"Cohlmeyer, Lisa M" <LCohlmeyer@h-s.com>, "'Shirley Elliott'"
<shirley.s.elliott@citicorp.com>, "'Holly Korman'" <holly@layfam.com>,
"'MATTOSO, ANGELA'" <Amattoso@mdck.com>, "'SAM'" <missshy@texas.net>
cc:

Subject: FW: slut......serves her right haha

-----Original Message-----
From: Stephanie_E_Friedman@reliantenergy.com
[mailto:Stephanie_E_Friedman@reliantenergy.com]
Sent: Thursday, May 10, 2001 2:12 PM
To: ellie.bullard@mail.house.gov; christina@gulfcoastentertainment.com;
lacyprice@henrysmiller.com; kawise@hotmail.com; kafriedman@hotmail.com;
courtneyb@johndaugherty.com; emily1009@yahoo.com;
elizabeth_bowen@aimfunds.com; abradford28@hotmail.com;
alexa_carter@aimfunds.com; abradford28@hotmail.com;
laurasperry@excelonline.com; asorelle@h-s.com; MBowen1025@aol.com;
mgockturtle@mail.utexas.edu; allison.f.blanton@vanderbilt.edu;
AMcGee@thealexandergroup.com; BWare@rnchq.org;
christine_lawhon@amsinc.com; caledere@TexasChildrensHospital.org;
c.domercq@worldnet.att.net; erin.e.fowler@us.arthurandersen.com;
hbuche@kingadvisors.com; jana.m.dupree@us.arthurandersen.com;
jennspinks@aol.com; jsiff@central.uh.edu; jwunz@ncta.com;
lara.wright@bakerhughes.com; laurasperry@excelonline.com;
mbeery@HillandKnowlton.com; mmalone@loomissayles.com;
ssemple@SicolaMartin.com
Subject: slut......serves her right haha

Stephanie E. Friedman
Corporate Tax Department
Stephanie_E_Friedman@reliantenergy.com
(713) 207-3084
----- Forwarded by Stephanie E Friedman/ADM/HouInd on 05/10/01 02:08 PM
-----

                    gemma.moore@us.an

                    dersen.com               To:
Stephanie_E_Friedman@reliantenergy.com
                                             cc:
amanda.gaskin@us.andersen.com,
                    05/10/01 02:06 PM        carrie.a.henke@us.andersen.com,

                                             mgmateer@yahoo.com,

silvia.c.melendez@us.andersen.com,
                                             Rabitbear2@aol.com,
Bear4242@aol.com,
                                             ksm_00_99@yahoo.com,

leticia.ramirez@us.andersen.com,

meredith.riekert@us.pwcglobal.com,
                                             haley.c.smith@us.andersen.com,

                                             wallace_ashley@hotmail.com

                                             Subject:     slut......serves
her right haha

(See attached file: leopard.jpg)

*******************Internet Email Confidentiality Footer*******************

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(See attached file: leopard.jpg)

 - leopard.jpg


Linda-- see if Barrett Reasoner knows of a video conference  in Houston.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 03/13/2000
03:45 PM ---------------------------
STACI HOLTZMAN @
ENRON
03/10/2000 09:17 AM

To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Grynberg - March 17 hearing

Wondering if we should book a video conference here at Enron?? (or have we
already?)
---------------------- Forwarded by Staci Holtzman/FGT/Enron on 03/10/2000
09:18 AM ---------------------------

Dawne Davis <DDAVIS@HOLLANDHART.COM> on 03/09/2000 04:37:52 PM
To: bdavis@enron.com, bmcafee@enron.com, bzikes@enron.com, ccheek@enron.com,
mlawles@enron.com
cc: jplace@enron.com, sscrogg@enron.com, staci_holtzman@enron.com,
tlehan@enron.com

Subject: Grynberg - March 17 hearing

In the past couple of days, I have been deluged with
last-minute requests to videoconference into the March 17
hearing on the motions to dismiss.  We are well past the
deadlines Sprint asked us to comply with (February 25 for
private sites and March 1 for public sites).  At this stage,
adding new sites to such a large, nationwide
videoconference is extraordinarily burdensome, requiring
Sprint to move the entire conference to a different bridging
system, change the dial-in numbers, etc.  Also of importance
is the fact that the bridging system has space limitations.

Please e-mail me with all videoconference requests no later
than 12 p.m. Mountain tomorrow (Friday, March 10).  After the
noon cutoff, we will no longer be able to entertain additional
videoconference requests.  In the meantime, I will do my
best to accommodate the late requests we've received.

I will be sending out a detailed memo tomorrow afternoon
that lists all the sites that have been booked, along with
those who've made reservations.  Each of you planning to
videoconference will need to check carefully to be sure your
reservation is reflected in my memo.  In addition, many of
the sites have extremely limited seating, so please do not
plan to show up at a public site without a reservation.

Thanks to all of you for your consideration.

Dawne Davis
Legal Assistant
Holland & Hart
P.O. Box 1347
Cheyenne, WY  82003
307-778-4240
307-778-8175 - fax
ddavis@hollandhart.com

NOTICE:  This message is PRIVILEGED AND
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JDA, or if you believe that this e-mail has been sent to you in
error, please reply to notify the sender that you received the
message in error, and please delete and disregard this
e-mail.  Thank you.


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/08/2000
04:46 PM ---------------------------

Brenda Whitehead
09/08/2000 04:35 PM
To: Cliff Baxter/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Jeffrey McMahon/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT, David Oxley/HOU/ECT@ECT, Sheila
Knudsen/Corp/Enron@ENRON, Paul Adair/Corp/Enron@Enron, Brad
Alford/ECP/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Alan Aronowitz/HOU/ECT@ECT, Tim Battaglia@Enron, Sally Beck/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Brian Bierbach/NA/Enron@Enron, Craig Breslau/HOU/ECT@ECT,
Bryan Burnett/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cary M
Carrabine/Corp/Enron@Enron, Bob Crane/HOU/ECT@ECT, Joseph
Deffner/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT@ECT, James I
Ducote/HOU/ECT@ECT, Douglas B Dunn/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT,
Craig A Fox/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Robert
Greer/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT,
Fred Lagrasta/HOU/ECT@ECT, Bob Licato/ECP/HOU/ECT@ECT, Randal
Maffett/HOU/ECT@ECT, Rodney Malcolm/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT,
Michael McDonald/SF/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Rob
Milnthorp/CAL/ECT@ECT, Scott Neal/HOU/ECT@ECT, Jesse Neyman/HOU/ECT@ECT,
Ozzie Pagan/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Andrea V Reed/HOU/ECT@ECT, William Rome/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Hunter S
Shively/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT, John Thompson/LON/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Laura
Luce/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Jesus
Melendrez/Corp/Enron@Enron, Michael L Miller/NA/Enron@Enron, Jean
Mrha/NA/Enron@Enron, Gil Muhl/Corp/Enron@ENRON, Michelle
Parks/Corp/Enron@Enron, Steve Pruett/Corp/Enron@Enron, George
Schaefer/NA/Enron@Enron, Steven (PGE) SCHNEIDER/ENRON@Gateway, Bruce
Sukaly/Corp/Enron@Enron, Carl Tricoli/Corp/Enron@Enron, Greg
Blair/Corp/Enron@Enron, Douglas Clifford/Corp/Enron@ENRON, Nick
Cocavessis/Corp/Enron@ENRON, Remi Collonges/SA/Enron@Enron, Kent
Densley/Corp/Enron@Enron, Ranabir Dutt/Corp/Enron@Enron, Bob M
Hall/NA/Enron@Enron, David Howe/Corp/Enron@ENRON, Scott
Josey/Corp/Enron@ENRON, Allan Keel/Corp/Enron@Enron, Billy
Lemmons/Corp/Enron@ENRON, Jeffery Ader/HOU/ECT@ECT, Kyle Kitagawa/CAL/ECT@ECT
cc:
Subject: Transactions with Municipalities or Other Governmental Agencies

Per the request of Mark Haedicke, please see this attachment:


This message is intended only for the use of the addressee and may contain
information that is PRIVILEGED, CONFIDENTIAL and exempt from disclosure.  If
the reader of this message is not the intended recipient or representative
of the recipient, you are hereby notified that any dissemination of this
communication is strictly prohibited.  If you received this communication in
error, please notify the sender at pgg4@pge.com or at (415) 973-6642 and
delete this message from your system.  If there is a problem with the
format, please notify the sender in the same manner.

Lindsey, et al:

Attached is PG&E's revised OFO Settlement Agreement based on our discussion
and agreements at yesterday's Settlement Conference.  Before getting into
the details, I want to thank Lindsey and the other active parties for their
diligence and willingness to negotiate constructively in order to reach
consensus.

The following highlights the changes, which are shown as revision-marks
against our September 24 proposal. We've added a couple of "clean-up"
changes not specifically addressed yesterday.  I don't believe these should
cause any problem.
* "Significantly" is added under A. and B.1.
* In section B.1, we have inserted the term "Gas OFO Forum" so when we
talk about this forum outside the settlement, it has a specific name we all
recognize and agree to.  We have made changes elsewhere in the document to
include this more formal title.  We also included "or customer" as being
able to join the Forum.
* In B.2, we used the words provided yesterday by the parties with two
exceptions:
 * First, the language was revised to make a six-month
comparison of OFO reductions, rather than a quarterly comparison as we
agreed, and
 * Second, we added the word "other" to modify "members" in two
places so it is clear that PG&E is also a member of the Forum.
* In B.3, we changed the term "Settlement Parties" to "Gas OFO Forum"
to reflect the intent of the agreement.
* In B.4, we added the sentence at the end as requested, but, per our
discussion, did not remove our last sentence.  We added more specific
language on the balancing account to be clearer, and noted that this issue
is not fully resolved pending feedback from a couple parties.
* In C.1.g, we used the language provided, removing the one sentence
as agreed, and we added a comma and an "a" in the last sentence.
* We did not include the proposed change from the parties for
C.1.f.(3) for more data, since per yesterday's discussion we already agreed
to provide that data elsewhere.
* In C.3.b.(7), we modified the language to reflect our discussion
that we would use a 100% Performance Factor for the first customer-specific
OFO, and then an average of the actual performance for subsequent
customer-specific OFOs, but not less than 50%.  We also agree to post the
performance data and revised factor within 14 days of each customer-specific
OFO, and if another customer-specific OFO is needed in that period, to use
the prior factor.  We also changed "Settlement Parties" to the "Gas OFO
Forum."  Lastly, we changed the "next session" to "an ongoing basis" which
better fits the continuous nature of the data and adjustments.
* In C.4.a, although not discussed the group at the Settlement
Conference, Ron Oechsler, on behalf of Palo Alto, pointed out that our
description of the three days when cashouts were driven by market economics
was not quite correct.  We have reviewed his comment and concur, and have
corrected the wording accordingly.  This does not change this provision to
modify the cash-out prices.
* In C.5.e.(4), we added the monthly election option.
* In D.3.c, we added the suggested language, but changed "Settlement
Parties" to the "Gas OFO Forum."
* On Appendix A, Revised Tariffs, we added the new balancing account
which would be part of the Preliminary Statement in PG&E's gas tariffs.  We
will send you a draft of this tariff sheet with the full package next week.

With the one loose end regarding the balancing account language, we believe
that this document reflects our agreement with the parties.  We will follow
up with the motion, tariffs, and final settlement agreement after confirming
with Lindsey that we have captured yesterday's discussion accurately.

Again, thanks for all your active participation and support for getting this
Settlement completed.

Sincerely,

Patrick Golden

 <<ofoOctober 6 Settlement Response.doc>>

 - ofoOctober 6 Settlement Response.doc


Strategic Synopsis
September 21, 2001
10:30 AM

?	The presidential address last night confirmed that a major military mobilization is under way and that a long campaign is ahead, extending well beyond Afghanistan.  Not surprisingly, the speech did not clarify the timing of the attack.
?	The president warned the Taliban that unless it handed over Osama bin Laden and the leaders of his al-Qaeda terrorist network, it would face devastating military action. "They will hand over the terrorists, or they will share in their fate," Bush told the US Congress.  So far, the Taliban are refusing to comply.
?	As such, U.S. military forces will strike in Afghanistan as soon as a target of opportunity presents itself.  As the President himself noted in his speech last night, some of the special forces operations will not be visible to the public, while other steps such as airstrikes will be dramatic and unmistakable.  Trying to figure out the precise timing of specific types of strikes is probably impossible at this point.  However, we safely state the following:
o	The President set the stage for a long conflict last night, and equity markets are anticipating significant economic pessimism.  Consumer confidence is likely to worsen if additional terrorist attacks are made against U.S. targets.
o	Our sources indicate that Bush spoke at length with Saudi Crown Prince Abdullah this week, and Abdullah agreed to lower oil prices.  No specifics were discussed.   Preliminary information suggests that Saudi Arabia is carrying out extra liftings in the second half of September and moving crude cargoes closer to market.
o	When the initial attack comes against Afghanistan, oil markets will likely see confirmation that no threat to crude oil supply is taking place.  But speculation about further strikes against other terrorist-sponsoring states should maintain a degree of uncertainty in the market.
o	The war against terrorism will eventually have to deal with Iran and Iraq; both are major OPEC producers.  Persuading Iran to cooperate is more likely to involve diplomacy than force.   Some Administration officials, led by Deputy Defense Secretary Paul Wolfowitz, are pushing for a move against Baghdad.  So far, this group has been overruled by advocates of a more cautious approach, who realize that attacking Iraq will seriously undermine Arab support for the US.
o	Washington also has to be concerned with stability in Pakistan, where much of the population (including senior military and intelligence figures) supports the Taliban.
o	Terrorist retaliation to the U.S. attacks appears to be likely.  Attempts to strike infrastructure targets, including energy facilities both here and overseas, are expected.
o    On the ground today, heavy fighting is raging in northern Afghanistan as opposition forces attack Taliban troops.  The Northern Alliance forces are taking advantage of US pressure on the Taliban to recapture key areas and avenge the recent death of their leader.


OK fine, and thanks

	Karen E Jones@ECT
	11/01/2000 11:55 AM

		 To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
		 Subject: Re: Form Offbalance sheet EPC

Hello John.  We are turning a new draft at the moment, and expect to have it
to you and David by the end of the week.  Let me know if you have questions
in the meantime.  Thanks.  --  Karen
---------------------- Forwarded by Karen E Jones/HOU/ECT on 11/01/2000 09:44
AM ---------------------------

Kay Mann@ENRON
11/01/2000 09:17 AM
To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: davidlu@nepco.com@ENRON_DEVELOPMENT, Sheila Tweed@ECT@ENRON_DEVELOPMENT,
Karen E Jones/HOU/ECT@ECT
Subject: Re: Form Offbalance sheet EPC

Hi John,

Karen Jones in Portland has been working on it for ENA.  I don't know the
status.

Kay

From: John Schwartzenburg@ENRON_DEVELOPMENT on 11/01/2000 10:55 AM
To: Kay Mann@ENRON, davidlu@nepco.com
cc: Sheila Tweed@ECT

Subject: Form Offbalance sheet EPC

Hi, gang. Sheila called last Friday and let me know you were working on this
off-balance sheet EPC form, and that it was expected to be out on Friday,
maybe Monday for review and commment, which was needed PDQ becuase of a
looming project.  I have not seen any copy of the form or had any update on
the status of the project.

Kay/Dave, could one of you send the form to me and let me know the big
picture status?


It is not on any of my FERC approved lists.

Genia

	Tana Jones
	07/13/2000 09:40 AM

		 To: Genia FitzGerald/HOU/ECT@ECT, Rhonda L Denton/HOU/ECT@ECT
		 cc:
		 Subject: Northville Industries Corp.

London Legal called and the referenced US counterparty has come through the
London Credit based list, and they need to know if they have a US power
marketing license.  Can you let me know?  Thanks!


Bruce:  I think your suggestion makes sense.  An e-mail or voicemail on major
developments as they occur would be helpful.  Thanks,   Mark

	Bruce Lundstrom@ENRON_DEVELOPMENT
	12/13/2000 06:01 AM

		 To: Mark E Haedicke@ECT
		 cc:
		 Subject: Dahbol - PPA and Permits/Approvals Compliance

Mark -

I thought that I would keep you informed of major decisions or analysis on
Dahbol from time to time.

I was pleased to see the quality of our lawyers in India.  I think that it is
a solid internal team and we will be relying on the same external lawyers
that we have used throughout the life of the project.

Bruce

---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on
12/13/2000 06:01 AM ---------------------------

Bruce Lundstrom
12/11/2000 11:39 AM
To: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Rob Walls/NA/Enron@Enron

Subject: Dahbol - PPA and Permits/Approvals Compliance

Rebecca/Jim -

The India legal team has completed two important reviews:

Permits/Approvals Review.  Sandeep Katwala led a group reviewing our permits
and approvals.  They feel pretty good about our compliance with these
permits/approvals.  As you have heard on previous phone calls, the day tank
seepage some time ago makes us the most nervous.  It seems to us that a
release from the site resulting in substantial groundwater contamination
plays pretty well in the court of public opinion given DPC's failure to "come
forward" on the issue (even though it was advised at the time of the release
that it had no legal obligation to do so).  Sandeep's note is below.

PPA Review.  Paul Kraske led a group reviewing the PPA.  His memo on this
issue is also below.  He feels pretty good about our ongoing compliance with
the PPA.  The instances of the non-compliance are not particularly material
and none would appear to play well in the court of public opinion.  I should
also note that it would be very difficult for MSEB to lawfully terminate the
PPA -- that remedy is not readily available to MSEB under the PPA terms.

Both review efforts have relied somewhat on the representations of DPC
personnel.  The India legal team was able to "tie down" many significant
issues with written documentation but in many cases have relied on the oral
representations of our own employees to confirm compliance with our
obligations.

There are a number of other legal review efforts underway and I will keep you
apprised as these reviews progress.

Bruce
---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on
12/11/2000 10:21 AM ---------------------------

Sandeep Katwala
12/11/2000 07:43 AM
To: Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: jinman@linklaters.com, niyer@linklaters.com, kthakore@linklaters.com,
Lauren Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: PPA Compliance - Attorney Client Priviledged

Bruce,
Lauren, Narayan and Kunal have completed their review of DPC compliance with
clearances. Based on discussions with DPC personnel and a review of
correspondence where relevant, no material non-compliance issues have
surfaced which I feel would pose a problem under the PPA. There are two
instances under the Reserve Bank of India approvals DPC has failed to submit
reports to the Ministry of Finance within the time frame indicated; these are
however minor issues. We have to accept that there may be practical instances
where there may not be strict compliance at the site (eg the actual
construction of physical assets is not strictly as per the layout approved by
the authorities) but, from the discussions with DPC personnel none of these
have come to light. On the environment approvals DPC has submitted compliance
statements to the Maharashtra State Pollution Control Board which confirm
that DPC is in compliance with the conditions in the relevant approvals. We
have relied on these statements as being accurate.

With respect to the water pollution issue, as we saw on Saturday, DPC has
notified MPCB pursuant to the show cause notice of the measures taken to
mitigate the pollution off the site. That correspondence seemed to indicate
that there should be no further problems with this issue. However, my sense
is that we have not seen the end of this issue and in particular, the report
currently being prepared by GSDA has not yet surfaced in final form. There is
no guarantee that it will be positive. Shobhan's view that it is difficult to
see how a Court would support an injunction of some sort shutting down the
plant "permanently" given the remedial measures taken by DPC is persuasive -
you can however see that it provides excellent ammunition for PR purposes.

Sandeep

Paul Kraske
12/11/2000 06:23 PM
To: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: jonathan.inman@linklaters.com, Pancharatnam
Ramaswamy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Suhas
Tuljapurkar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: PPA Compliance - Attorney Client Priviledged

Gentlemen-
Attached is a short note we prepared summarizing our conclusions after an
initial review of PPA compliance.  Please feel free to call if you have any
questions regarding the attached.  Regards,
Paul


Ben,

I will try to be on at least part of the phone call on Thursday, technology
permitting.

Kay


Please take a look  ASAP at the changes to the credit section for FPC.   Both
parties are eager  to finalize this agreement today.

Thanks

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 04/26/2001 11:08 AM -----

	"Erickson, Pamela A" <PamelaA.Erickson@pgnmail.com>
	04/26/2001 07:00 AM

		 To: "'Debra.Perlingiere@enron.com'" <Debra.Perlingiere@enron.com>
		 cc: "Haskins, Sandra" <sandra.haskins@pgnmail.com>, "Murphy, Pam"
<pam.murphy@pgnmail.com>
		 Subject: Enfolio Master Firm Purchase/Sale Agreement for Florida Power Cor
poration

Ms. Perlingiere:

Attached is a redlined copy of the above referenced agreement.  Please
review our proposed changes to this Agreement and provide me with your
comments as soon as possible.

In the interim, if you have any questions or comments, please don't hesitate
to contact me as listed below.

I look forward to hearing from you.

 <<FPC Enron.doc>>

Pamela A. Erickson J.D.
Principal Support Analyst
CP&L, a Progress Energy Company
411 Fayetteville Street Mall PEB 9A
Raleigh, NC 27601
(919) 546-4280
PamelaA.Erickson@pgnmail.com

 - FPC Enron.doc


Mark:  How should we handle this?  In the past, I have provided Andrea
Bertone with Elizabeth Sager's latest (and evolving) physical trading forms
which Tozzini has used as a starting point.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/19/2000
05:12 PM ---------------------------

Sami Arap@ENRON_DEVELOPMENT
04/19/2000 02:43 PM
To: Rick Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ECT
cc:
Subject: physical option - proposals, term sheets, pricing

FYI (just thoughts ...)
---------------------- Forwarded by Sami Arap/ENRON_DEVELOPMENT on 04/19/2000
05:50 PM ---------------------------

D'Arcy Carroll
04/19/2000 01:51 PM
To: Don Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Remi Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joao
Guimaraes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luiz
Baccaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brett R
Wiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joao Carlos
Albuquerque/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sami
Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: physical option - proposals, term sheets, pricing

Group - we need to address the due diligence for executing the " first "
physical option transactions in Brasil and for Direct Sales ( and Wholesale
).  The initial industrial candidates are:

Owens Corning ( 1.6MWs firm ). 1 site,  peaking unit.  break-even R$182/MW -
5 year term
Carbocloro ( 10 MWs firm ). 1 site 3rd part re-sale(Copel) , monthly call
option. supplanting product sales, estimate minimum incentive strike R$
125/MW  - 3 or 4 year term,
O Globo. (1-3MWs) 2 sites, peaking units.  awaiting summary terms and
conditions.
White Martins (10-15MWs ).   8 sites (MG), intersite flexibility to adjust
product between sites and maximize energy re-sale.  3rd party re-sale
(Cemig). short-term capacity basis indutrial demand for gases short-term
variable price - 2 or 3 year

In all four cases, Enron is buying the right to buy power and all 3 are
executable in Q2/Q3.  We are expecting (hoping) to transact paying no premium
- with the focus on the strike price itself being the profitability incentive
to the customer.  However, we'll need to guage our pricing ability ( and
appetite from a book and risk control point of view ) for option length and
the forward curve, not to mention getting the terms and conditions into
reasonably standardized and legally binding contracts.

Wholesale. Am including Wholesale on the wire given both the synergies on
contracting and pricing and given the significant potential ( benefit and
opportunity to Enron's regional trading effort ) to launch the physical and
financial option product line into the commercial Wholesale effort.

Note:  Particularly to put options - how many LDCs would we expect to charge
us anything for our right to sell them power at R$30 or R$40/MWh ( or have
charged us  3-5 months ago for the right to sell closer to R$50-60.

We're having first sit down with Remi and Sami this afternoon, Wed Apr 19;
please shoot any/all additional inputs, insights.


Please note: The Weather Team will move on May 30th.
  We will return to our location near the kitchen EB3240 however,
   each person in the group will have a desk in the area.
   We will know longer be in separate locations.

   Mike Roberts        EB3240A
  Jose Marquez       EB3240B
   Kevin Moore          EB3240C
   Vince Kaminski    EB3240D
   Patricia Tlapek     EB3240E
   Sam Smith            EB3240F
   Elena Chilkina      EB3240G

Please pack your desk on Tuesday for the churn  Tuesday night.
If you did not sit in this area listed above  before , space is limited.

Please label all boxes , telephones , computers, etc.

                           Thanks
                        Kevin Moore

Any Questions Please Call Kevin Moore x34710


---------------------- Forwarded by Eric Bass/HOU/ECT on 02/08/2000 11:22 AM
---------------------------
   Hector Campos                02/08/2000 09:32 AM

To: Brian Hoskins/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT
cc:
Subject: Fwd: the perils of limbo

Careful when opening this...

---------------------- Forwarded by Hector Campos/HOU/ECT on 02/08/2000 09:31
AM ---------------------------

alex.lykidis@ac.com on 02/08/2000 07:26:01 AM
To: Taisir_Anbar@MercerMC.com, Hector Campos/HOU/ECT@ECT,
kamald@ee.upenn.edu, igen@ifc.org, Anurag_Goel@MCKINSEY.COM, sgerat@aol.com,
kreidler@lessthanjake.com, plykidis@CBIZ.com, margetis@fsg.prusec.com,
mprice@bu.edu, joao@bnpcn.com, Michael_Taylor@Monitor.com
cc:
Subject: Fwd: the perils of limbo

"David Cotterman" <rottles@hotmail.com>
02/07/2000 10:41 PM GMT

To:   nborun@yahoo.com, D. Ryan Jenkins@Andersen Consulting
cc:   chopist@hotmail.com, RamonWilson@exchange.ML.com,
      gurfrig@dolphin.upenn.edu, Kristerfor T. Mastronardi@Andersen
Consulting,
      Evan Newman@Andersen Consulting, Alex Lykidis@Andersen Consulting
Subject:  Fwd: [sigalph] the perils of limbo

>From: "Jeff Adler" <elponderosa@hotmail.com>
>Reply-To: sigalph@egroups.com
>To: sigalph@egroups.com
>Subject: [sigalph] the perils of limbo
>Date: Mon, 07 Feb 2000 14:01:13 EST
>
>
>toof.
>
>
>______________________________________________________
>
>------------------------------------------------------------------------
>Want To Be Showered With Kisses?
>Visit eGroups Valentine Gift Guide
>http://click.egroups.com/1/1152/0/_/31236/_/949950110/
>
>-- 20 megs of disk space in your group's Document Vault
>-- http://www.egroups.com/docvault/sigalph/?m=1
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

 - Lesson.jpg


Attached for your information are:

1.  The FERC orders regarding the meeting to be held Thursday, November 9.
2.  Annoucement of a hearing in San Diego on November 14.
3.  FERC report on bulk power markets in the Southeast Region
4.  FERC report on bulk power markets in the Midwest Region
5.  FERC report on bulk power markets in Northeast Region

These files will also be made available on the Alliance of Energy Suppliers
web site - http://www.eei.org/alliance

Should you have any questions concerning these reports, contact Jack Cashin
at 202-508-5499, or jcashin@eei.org

Nancy Tarr
Manager, Business Development
ntarr@eei.org

 - FERC 11-14 hearing.pdf
 - nov 9 panels.pdf
 - FERC.Southeast.PDF
 - FERCMidwest.PDF
 - FERCNortheast.PDF


Mary,

I have paid CCGM manually for both July and August production.  Sept
production is due on the 31st.


FYI

----- Forwarded by Cindy Derecskey/Corp/Enron on 08/24/2000 08:58 AM -----

	Enron North America Corp.

	From:  Robert Hemstock @ ECT                           08/23/2000 11:13 PM

To: Rob Milnthorp/CAL/ECT@ECT, rmilnthorp@home.com
cc: Mark Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Richard
Shapiro/HOU/EES@EES, Aleck Dadson/TOR/ECT@ECT

Subject: PPA News Conference Speaking Notes

Please see attached the final version of your speaking notes.

Please Note: the last page of the notes deal with Project Stanley so I have
marked them "confidential" and it is important that you not inadvertently
share the last page with anyone


I'm trying to pick a favorite.


Start Date: 1/8/02; HourAhead hour: 13;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010813.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 13 / Preferred:  20.75 / Final:  20.72)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 1/8/02
  SC_ID: ENRJ


- 2_6_02LO.xls


Yeah . . . I heard about the costume party at R&R . . . could be fun . . .
I'll talk to DeSha tonight and find out if they're gonna be in town . . .
I'll give you a shout tonight

Regards,

Kevin A. Boone
Accenture -- Houston
Consultant -- Energy
(Octel) 713.837.1638
(Client) 281.848.1619
(C) 713.306.7940
(H) 713.864.4149
Kevin.A.Boone@accenture.com

Our web address is http://www.accenture.com

            Matthew.Lenhart@enron.c
            om                             To:     Kevin A. Boone/Internal/Accenture@Accenture
                                           cc:
            10/24/2001 08:39 AM            Subject:     RE:

sorry i didn't get back to you last night.  i will find out who is in town.
i talked to some people and they are up for it.  we could watch lsu and
then go to r&r.  they are having a pimps and prostitute party.

    -----Original Message-----
   From:   kevin.a.boone@accenture.com@ENRON
   Sent:   Tuesday, October 23, 2001 5:08 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   I'll give you a shout tonight . . . I think all of those chicks are
   gonna
   be in BR for the game

   Regards,

   Kevin A. Boone
   Accenture -- Houston
   Consultant -- Energy
   (Octel) 713.837.1638
   (Client) 281.848.1619
   (C) 713.306.7940
   (H) 713.864.4149
   Kevin.A.Boone@accenture.com

   Our web address is http://www.accenture.com

               Matthew.Lenhart@enron.c
               om                             To:     Kevin A.
   Boone/Internal/Accenture@Accenture
                                              cc:
               10/23/2001 12:24 PM            Subject:     RE:

   are you going to do  your halloween party or what?  i will start telling
   jill and her friends.  i think you should do it.  i will help you out
   with
   everything on it.

       -----Original Message-----
      From:   kevin.a.boone@accenture.com@ENRON
      Sent:   Monday, October 22, 2001 2:20 PM
      To:     Lenhart, Matthew
      Subject:  Re:

      It was great . . . I didn't do shit . . . did yard work and watched
   the
      game with a few buddies at my house . . . drove up to Shreveport for
   my
      Godson's Christening yesterday morning and back last night . . . how
   was
      NOLA . . . did y'all slut it up?

      Regards,

      Kevin A. Boone
      Accenture -- Houston
      Consultant -- Energy
      (Octel) 713.837.1638
      (Client) 281.848.1619
      (C) 713.306.7940
      (H) 713.864.4149
      Kevin.A.Boone@accenture.com

      Our web address is http://www.accenture.com

                  "Lenhart, Matthew"
                  <Matthew.Lenhart@enron.co        To:     Kevin A.
      Boone/Internal/Accenture@Accenture
                  m>                               cc:
                                                   Subject:
                  10/22/2001 10:17 AM

      how was this weekend?  did you get into anything?

   **********************************************************************
      This e-mail is the property of Enron Corp. and/or its relevant
   affiliate
      and may contain confidential and privileged material for the sole use
   of
      the intended recipient (s). Any review, use, distribution or
   disclosure
      by
      others is strictly prohibited. If you are not the intended recipient
   (or
      authorized to receive for the recipient), please contact the sender
   or
      reply to Enron Corp. at enron.messaging.administration@enron.com and
      delete
      all copies of the message. This e-mail (and any attachments hereto)
   are
      not
      intended to be an offer (or an acceptance) and do not create or
   evidence
      a
      binding and enforceable contract between Enron Corp. (or any of its
      affiliates) and the intended recipient or any other party, and may
   not
      be
      relied on by anyone as the basis of a contract by estoppel or
   otherwise.
      Thank you.

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

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

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

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


Thanks for the offer (and the call) but I haven't been able to secure a
sitter for Michael.

My schedule should be getting better (famous last words), and I hope we can
get together soon.  I would like to introduce you to Carlos Sole, if you
haven't met him yet.

Thanks again,

Kay

"Clark Thompson" <cthompson@bracepatt.com> on 04/20/2001 12:47:05 PM
To: <alan.aronowitz@enron.com>, <Barbara.N.Gray@enron.com>,
<carlos.sole@enron.com>, <dan.lyons@enron.com>, <jordan.mintz@enron.com>,
<kay.mann@enron.com>, <lisa.mellencamp@enron.com>, <Sheila.Tweed@enron.com>,
<steve.van.hooser@enron.com>, <Stuart.Zisman@enron.com>
cc:

Subject: Astros Diamond Box Tickets

I noticed this morning that the firm's Diamond Box seats for tonight's game
against St. Louis had not been claimed and so claimed them.  I apologize for
the late notice, but if you would be interested in going tonight, I would be
happy to make them available to you and your spouse, date, etc.  I'm still
trying to arrange my schedule to go, but wanted you to have the opportunity,
even if I couldn't make it.  Please call me or my secretary, Becky, at your
earliest convenience to let me know if you would like to use these tickets.

cgt

Clark G. Thompson, Jr.
Bracewell & Patterson, L.L.P.
711 Louisiana, Suite 2900
Houston, Texas  77002-2781
Phone: 713.221.1477
Fax:      713.221.2116
email:    cthompson@bracepatt.com

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1477 or by fax at (713) 221-2116,
and confirm that you have destroyed this information and any copies.
Thank you.


Attached please find an updated draft of the CALME business unit
communication plan for the notebook (tab 6).