STOCKWATCH Enron higher after Merrill Lynch's cautious upgrade to 'buy'
AFX News, 10/09/01
USA: RESEARCH ALERT-Merrill Lynch upgrades Enron.
Reuters English News Service, 10/09/01
Upgrades & Downgrades: Changes For CVS, Enron
CNNfn: Market Coverage - Morning, 10/09/01
ARGENTINA: Azurix withdraws from Buenos Aires water contract.
Reuters English News Service, 10/09/01
Power providers cry foul over fees / State is accused of improper billing
The San Francisco Chronicle, 10/09/01
Trammell Crow Company Names Rebecca McDonald to Board of Directors
Business Wire, 10/09/01
Enron Corp. Raised to Long-Term `Buy' at Merrill
2001-10-09 06:00 (New York)
Northwest to Buy Portland General
CBS MarketWatch.com, 10/8/2001

STOCKWATCH Enron higher after Merrill Lynch's cautious upgrade to 'buy'

10/09/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Shares of Enron Corp were higher in morning trade after Merrill Lynch issued a cautiously optimistic note upgrading the stock to 'buy' from 'accumulate' following Enron's sale of certain US and Indian assets, dealers said. At 11.35 am, Enron gained 36 cents, or 1.08 pct, to 33.81 usd.
The Dow Jones Utility Average (DUX) declined 4.26 points to 316.05.
On the broader indices, DJIA lost 16.26 points to 9,051.68, the S&P
500 fell 3.50 to 1,058.90, while the Nasdaq composite dropped 23.21
points lower to 1,583.53.

In a note issued early this morning, Merrill Lynch analyst Donato Eassey said, the agreement to sell Portland General and its India oil and gas interest, has positioned the company to focus on its more profitable core businesses, while substantially reducing its debt load by the end of 2002.
The sale of Portland General is expected to add 1.88 bln usd of cash to the company coffers at the close of the transaction fourth-quarter of 2002. The deal will also bring 1.1 bln usd of debt relief.
Meanwhile, the sale of Indian oil and gas assets should bring in 388 mln usd.
Eassey expects more asset sales by the company in the near future.
The divestiture of the troubled Dabhol power facility in India along with smaller international gas assets could provide the company with additional liquidity, he said.
"Enron could ultimately (in the next 3 years) raise another 1.8 bln usd or so from Dabhol and other non-core international assets."
The Dabhol plant is 65 pct owned by Enron, making it the biggest investment in India by a non-Indian company.
The company's partner, Maharashtra State Electricity Board (MSEB), owns 15 pct. MSEB owes Enron 48 mln usd for past power bills, but claims the power is too expensive and says it cannot absorb it all. The plant has lied idle since.
Many questions, however, remain unanswered, said Eassey, noting that despite the upgrade he is remaining cautious.
"While Enron has a menu of assets to draw upon to raise capital, reduce debt and improve its earnings prospects in the process, the primary question centres on timing," he said.
"Will the asset sales line up with an expected balance sheet clean up (with prospective gains offsetting losses)?
"Can Enron sell its interest in Dabhol anytime soon, given the current war environment?
"What impact will the weakening economies of South America such as Brazil and Argentina, not too mention the negative economic sentiment here in the US, have on Enron's and other internationally diverse companies' earnings outlook?"
These issues, along with the earnings drag from about 967 mln usd invested in its broadband unit and the viability of its 3.5 bln usd of goodwill, will likely continue to weigh on the stock near-term, explained Eassey.
Reflecting the above uncertainties, Eassey said he is "cautiously lightening" his 3-year growth outlook from the 20 pct range to 16-17 pct a year. Earnings per share estimates for 2001 stand at 2.10 usd, while the 2003 forecast is 2.45 usd.
Accordingly, Eassey's 'long-term' price objective now stands at 44 usd, or 31 pct above its current price with an upgrade on the shares to buy from accumulate.
blms/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: RESEARCH ALERT-Merrill Lynch upgrades Enron.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 9 (Reuters) - Merrill Lynch said on Tuesday analyst Donato Eassey has upgraded Enron Corp. to "long-term buy" from "accumulate," explaining some of the big power marketers' clouds have cleared with the agreements to sell Portland General Electric and its India oil and gas interests.
Stating Enron is well on its way to resharpening its focus on its more profitable core businesses while substantially reducing its debt load by the end of 2002, the analyst said: "We still expect more in the way of asset sales such as the Dabhol power facility along with smaller international gas assets."
While Enron has a host of assets to draw upon to raise capital, reduce debt, and improve its earnings prospects in the process, the primary question centers on timing, Eassey said. "What impact will the weakening economies of South America such as Brazil and Argentina, not too mention the negative economic sentiment here in the United States, have on Enron's and other internationally diverse companies' earnings outlook?"
He said these issues, along with the earnings drag from about $967 million invested in its broadband unit and viability of its $3.5 billion of goodwill, will likely continue to weigh on the stock in the near term. "Reflecting the above uncertainties, we are cautiously lightening our three-year growth outlook from the 20 percent range to 16 percent to 17 percent per annum."
In Tuesday morning trading, Enron shares were up 30 cents to $33.75 after early buying carried Monday's $1.72 advance as high as $34.07.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business
Upgrades & Downgrades: Changes For CVS, Enron
Rhonda Schaffler

10/09/2001
CNNfn: Market Coverage - Morning
(c) Copyright Federal Document Clearing House. All Rights Reserved.

RHONDA SCHAFFLER, CNNfn ANCHOR, MARKET CALL: Time now for "Upgrades & Downgrades": Lehman Brothers is cutting CVS (URL: http://www.cvs.com/) to a buy from a strong buy. Lehman says the weak economy combined with increased retail competition and high expenses could hurt CVS in the near-term.
ABN Amro downgrades Micron (URL: http://www.micron.com/) to a hold from an add, to match its underweight recommendation of the semiconductor sector. The brokerage firms sees some problems for the D-Ram business.
Goldman Sachs is cutting Sempra Energy (URL: http://www.sempra.com) to market outperform from its U.S. recommended list and cutting its price target by $7, to $29. Goldman says it sees limited upside potential for the stock.
And finally, Merrill Lynch is raising Enron (URL: http://.www.enron.com/) to a buy from an accumulate. Merrill says Enron is off to a great start in getting its financial health in order.
Let`s see how these stocks are trading so far; You can see the group is mostly lower, except for Enron. It is up.
"Market Call" will be right back after this break.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

ARGENTINA: Azurix withdraws from Buenos Aires water contract.

10/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

BUENOS AIRES, Argentina, Oct 9 (Reuters) - Water company Azurix, a unit of energy company Enron Corp. , said on Tuesday it had withdrawn from its contract to distribute drinking water in Buenos Aires province after ongoing disputes with the provincial government.
"Azurix Buenos Aires SA ... officially notified the government of its withdrawl from the concession contract due to serious breaches on the part of the province of Buenos Aires," the company said in a statement without providing further details.
In recent months, Azurix has accused the province - Argentina's largest and most indebted - of not complying with certain conditions in the concession, a 30-year deal for which the company paid $439 million in late 1999.
Azurix provides water services to 2.5 million people in 71 cities in the province, which says it has met all conditions of the contract,.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

NEWS
Power providers cry foul over fees / State is accused of improper billing
Bernadette Tansey
Chronicle Staff Writer

10/09/2001
The San Francisco Chronicle
FINAL
A.13
(Copyright 2001)

Electricity suppliers long accused of manipulating California's energy market are turning the tables on the state, saying its independent grid manager is forcing them to make up the cost of bad energy deals signed by Gov. Gray Davis' administration.
The power traders accuse the Independent System Operator -- which is legally required to act as an impartial market manager -- of improperly helping state power buyers spread out the cost of high- priced electricity contracts.
Energy firms as well as municipal utility systems have complained about mysterious charges on their accounts with the grid agency, said Jan Smutney-Jones of the Independent Energy Producers Association, which represents such industry giants as Enron, Dynegy, Williams and Reliant.
The charges showed up around the time the state Department of Water Resources was forced to start selling excess electricity it had purchased at an average of $69 per megawatt hour for as little as $1 per megawatt hour.
"The ISO seems to be following specific instructions the Department of Water Resources is giving them," Smutney-Jones said.
An industry source said NRG Energy Inc. and other suppliers were preparing a formal complaint to the Federal Energy Regulatory Commission, which could order the state to issue refunds to generators if it finds they have been improperly charged.
The commission has ordered an unprecedented operational audit of the grid management agency.
State officials bought power under long-term contracts when it appeared California could suffer serious power shortages over the summer. Instead, the state had more than enough power, and electricity available on the spot market suddenly cost half as much as the energy California had bought.
Gary Ackerman of the Western Power Trading Forum, an industry group, said the grid operator was using a combination of power scheduling and billing practices to "bury" some of the cost of power purchased by the state in the accounts of other generators.
"The state is the biggest buyer and seller of electricity, and they control the governing board of the ISO," Ackerman said.
The governor's spokesman, Steve Maviglio, called the power firms' accusations "absolutely false" and said the generators were trying to whip up sentiment in Washington to interfere with the state's affairs.
"The generators know they'll get a much better deal at FERC headquarters in Washington than they will in Sacramento," Maviglio said. "It shouldn't be a surprise that they make these accusations here to get federal involvement."
Oscar Hidalgo, a spokesman for the Department of Water Resources, said generators could hardly cast themselves as victims in California's energy crisis.
"I don't feel sorry for them one bit," Hidalgo said. "They had one heck of a year."
Gregg Fishman, spokesman for the ISO said the agency was preparing a response to the accusations.
Energy trade organizations said they suspected the ISO of using several mechanisms to charge suppliers for state contract costs.
The extra expense is sometimes tacked on to suppliers' bills for ISO operating costs, which all electricity sellers in California share, Ackerman said.
Some firms say they have tried to buy cheap spot market electricity for resale, only to find later that the grid manager has charged them for more expensive state power. Others say the grid operator orders them to activate stand-by power units on too-short notice. When they can't comply, they say, the ISO brings high-priced state power on line and bills them for the extra cost.
The accusations are part of a struggle for control of California's grid. In January, Davis disbanded the ISO's 26-member governing board, which was chaired by Smutney-Jones, after some critics said it was too cozy with industry. Davis appointed his own five-member board.
In February, then-FERC Chairman Curt Hebert said the new board had become "a political arm of the governor." The commission is trying to get California to turn over its grid to a multistate transmission organization.
Davis has warned Washington to "keep its hands off" the ISO.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Trammell Crow Company Names Rebecca McDonald to Board of Directors

10/09/2001
Business Wire
(Copyright (c) 2001, Business Wire)

DALLAS--(BUSINESS WIRE)--Oct. 9, 2001--Trammell Crow Company (NYSE: TCC) today announced the appointment of Rebecca A. McDonald to its Board of Directors.
McDonald's appointment is effective October 1, 2001, and her initial term expires at the Company's annual meeting of stockholders in 2002.
McDonald is currently President of the Houston Museum of Natural Science, one of the nation's premier museums. She formerly served as Chairman and Chief Executive Officer of Enron Global Assets and was responsible for all of Enron's global energy asset portfolio, including numerous power plants, pipelines, gas and electricity distribution centers throughout Asia, Africa, the Caribbean Basin and South America.
Prior to joining Enron, McDonald served as President and Chief Executive Officer of Amoco Energy Development Company, where she was responsible for developing equity interests in international exploration and production operations. She also led the company's participation in and expansion of international commercial transactions, privatizations and capitalizations. Additionally, McDonald was responsible for establishing Amoco's North American trading operations.
Prior to joining Amoco, McDonald served as president of Tenneco Energy Services and held various management positions with Panhandle Trading Company, Panhandle Eastern pipeline, and Trunkline Gas.
J. McDonald Williams, Chairman of the Board for Trammell Crow Company, said "With her background in leading large scale organizations in international business, Rebecca brings a perspective and set of business experiences that will be invaluable as we continue to build our international real estate services capabilities."
McDonald currently serves on the Advisory Committee of the Export-Import Bank of the United States and was a founding member of the Mercosur Council. She also serves as an outside director for Granite Construction Company in California and Eagle Global Logistics in Houston, Texas.
McDonald joins board members J. McDonald Williams, Chairman, Trammell Crow Company; Robert E. Sulentic, President & CEO, Trammell Crow Company; H. Pryor Blackwell, President, Development and Investment Group, Trammell Crow Company; William F. Concannon, President, Global Services Group, Trammell Crow Company; James R. Erwin, retired, former Vice Chairman, Bank of America; Henry J. Faison, Executive Vice President, Trammell Crow Company; Curtis F. Feeny, Managing Director, Voyager Capital; Jeffrey M. Heller, Vice Chairman, EDS; and Rowland T. Moriarty, President & CEO, Cubex Corporation.

Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the United States. In offices throughout the United States and Canada, Trammell Crow Company is organized to deliver management services, transaction services and development and project management services to both investors in and users of commercial real estate. The company's Global Services Group delivers all management, transaction and project management services domestically and internationally. Development and investment activities are conducted through the Development and Investment Group. The company has international service delivery in Europe and Asia through its strategic alliance with Savills plc, a leading property services company based in the United Kingdom, and the jointly owned outsourcing company Trammell Crow Savills Limited. In addition, the company has offices in Chile, Argentina, Brazil and Mexico. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the World Wide Web at www.trammellcrow.com

CONTACT: Trammell Crow Company Barbara Bower, 214/863-3020
08:43 EDT OCTOBER 9, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Corp. Raised to Long-Term `Buy' at Merrill
2001-10-09 06:00 (New York)

     Princeton, New Jersey, Oct. 9 (Bloomberg Data) -- Enron Corp. (ENE US)
was raised to long-term ``buy'' from long-term ``accumulate'' by analyst
Donato J. Eassey at Merrill Lynch.  The near-term rating was maintained
``neutral.''

Northwest to Buy Portland General
CBS MarketWatch.com
10/8/2001 7:44:00 PM
PORTLAND, Ore., Oct 08, 2001 (AP Online via COMTEX) -- Northwest Natural Gas Co. is buying another Oregon utility from Enron Corp. for $1.8 billion, combining the state's largest natural gas and electric utilities in a merger that may save ratepayers money but could also bring some job losses.
Richard G. "Dick" Reiten, chairman and CEO of Northwest Natural, said Monday the gas company is buying Portland General Electric Co. after the Houston-based energy giant gave up on its expansion into the Pacific Northwest.
"We're extremely pleased that the acquisition will return PGE to local ownership," Reiten said at a news conference.
Bob Jenks, executive director of the Citizens Utility Board, said he was concerned the combination could encourage Northwest Natural to bypass state regulators by using its business clout to lobby the Legislature and governor's office when rate increases are needed.
"If that's going to happen, and PGE rate cases are fought out in the Legislature and the governor's office, then I don't think that's going to be in the interest of PGE customers," Jenks said.
Northwest Natural was founded in 1859, the year Oregon became a state, using gas extracted from coal to light downtown street lamps.
PGE was founded in 1889 with a hydroelectric generator at Willamette Falls that anchored the nation's first long-distance electric transmission line when it was connected to the city, 14 miles to the north. The plant still operates, generating 16 megawatts of electricity.
Reiten said the Northwest Natural board of directors has rejected buyout offers itself in recent years in hopes that an opportunity like the PGE deal would come along.
"It was a conscious choice to remain independent and build assets rather than sell out of state," Reiten said. "That patience has paid off."
He said the deal will create a $5 billion utility that can cut costs by combining repair crews, equipment, service centers and billing in their overlapping service area.
Portland General has about 733,000 customers in northwestern Oregon and Northwest Natural has about 530,000 customers in roughly the same area, including some in southwestern Washington state. Their headquarters are just a few blocks apart on the same downtown street.
Federal and state regulatory approval, along with shareholder approval, is expected to take about a year.
Some job cuts were expected, but Reiten said he hoped most would come through attrition and retirement, rather than layoffs.
He said regulators have looked favorably on recent mergers of gas and electric utilities because they generally have saved money for ratepayers. Combined utilities already serve about two thirds of the nation, he added.
Enron purchased PGE in 1997 for about $3.2 billion, including assumption of debt, hoping to tap into energy trading along the entire West Coast, from California to Washington state. But the Texas company found the pace of deregulation in Oregon too slow at a time when the California energy crisis was unfolding.
Enron has a history of buying and selling smaller companies as it searches for the best position in the constantly shifting energy market, said Mike Heim, an A.G. Edwards & Sons analyst who follows the Texas company.
"It's really more a strategic move," Heim said.
Enron will receive $1.55 billion cash and $350 million in securities for PGE.
Enron stock closed at $33.45 on Monday, up $1.72 per share. Northwest Natural was at $22.99, down 42 cents a share.
---


With the recent announcement of Enron Engineering and Construction Company
(EECC) becoming a part of Enron Transportation Services Company, Operations
is making the following realignments effective Nov. 1:

Jerry Martin will become vice president, ETS engineering and construction
reporting to Phil Lowry, managing director, ETS operations.  Reporting to
Jerry includes:

? Jordan Hunter, Jim Alexander and Paul Fuhrer, project directors,
? Dave Sinclair, director, right of way,
? Frank Osburn, director, design and records,
? Arnold Eisenstein, director, compression,
? Greg Mathews, director, project controls, and
? Norm Spalding, director, regional projects.

John Keller, senior director, ETS, will continue to report to Phil Lowry.
Reporting to John includes:

? Ben Asante, director, optimization,
? Terri Galassini, director, planning, and
? Gary Maestas (Houston), Mike Bonstetter (Omaha), directors, mechanical
services.

Rick Craig, vice president, operations technical services, will have
responsibility for Enron Machine and Mechanical Services, Inc., including the
Clifton and Beaver machine shop teams, and will continue to report to Phil
Lowry.  Reporting to Rick includes:

? Ken Crowl, director, controls and electrical services,
? Kenneth Cessac, director, measurement services, and
? Max Brown, director, corrosion and pipeline risk management services.

In addition, ETS operations supply management will become part of ETS
finance, accounting and administration under the leadership of Rod Hayslett,
managing director.

Please join me in wishing these individuals success in their assigned
responsibilities.


Thanks for the info on the recruiting expo.  Sounds like fun, but I won't be
able to make it.  I am taking the day off on Friday, April 13th to take
Meagan for her info session and tour at UT.  We will be driving to Austin
after she gets out of school on Thursday afternoon, April 12.

You know that you can count me in already as a team member!  --Sally

	Enron North America Corp.

	From:  Lexi Elliott @ ENRON                           04/04/2001 03:44 PM

To: Richard Causey/Corp/Enron@ENRON, Mark E Lindsey/GPGFIN/Enron@ENRON, Sally
Beck/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cedric Burgher/Enron@EnronXGate,
Rick L Carson/Enron@EnronXGate, Brent A Price/Enron@EnronXGate, Hunter S
Shively/HOU/ECT@ECT, Stan Dowell/HOU/EES@EES, Jay Boudreaux/Enron@EnronXGate,
Marshall Eubank/Enron@EnronXGate, Mary Lynne Ruffer/HOU/EES@EES, Michael
Vigeant/HOU/EES@EES, Mark Confer/HOU/ECT@ECT, Michael Howe/HOU/EES@EES, John
Craig Taylor/HOU/ECT@ECT, Jim Cole/ENRON@enronXgate, Sarah Goodpastor/Enron
Communications@Enron Communications, Brandon Neff/HOU/EES@EES, Christopher
Coffman/Corp/Enron@Enron, Ilan Caplan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Christopher Chenoweth/Enron@EnronXGate, Marcus Edmonds/Enron@EnronXGate,
Zeina El-Azzi/Enron Communications@Enron Communications, Victor
Guggenheim/HOU/ECT@ECT, Mike Deville/HOU/ECT@ECT, Darlene Regan/HOU/EES@EES,
Kreg Hall/HOU/ECT@ECT, Mason Hamlin/HOU/ECT@ECT, Shilpa Mane/LON/ECT@ECT, Zal
Masani/Enron Communications@Enron Communications, Zachary McCarroll/Enron
Communications@Enron Communications, Luis Mena/NA/Enron@Enron, Christine
Milliner/Enron@EnronXGate, Chetan Paipanandiker/HOU/ECT@ECT, Catherine
Pernot/Enron@EnronXGate, Lauren Schlesinger/Enron@EnronXGate, Susan M
Scott/HOU/ECT@ECT, Rahul Seksaria/Enron@EnronXGate, Michael Simmons/Enron
Communications@Enron Communications, Millie Gautam/HOU/EES@EES, Sachin
Gandhi/NA/Enron@Enron, Bilal Bajwa/NA/Enron@Enron, Amanda
Schultz/NA/Enron@Enron, Rachana Iyengar/HOU/EES@EES, Travis
Hansen/HOU/EES@EES, Felipe Ospina/NA/Enron@ENRON, Irina
Nekrasova/HOU/EES@EES, Jeremy Lo/HOU/EES@EES, Rod Hayslett/Enron@EnronXGate,
Davis Maxey/Enron@EnronXGate, Timothy J Detmering/HOU/ECT@ECT, Christie
Patrick/HOU/ECT@ECT, Scott Earnest/Enron@EnronXGate, Mark
Evans/Legal/LON/ECT@ECT, Sue Gruber/HOU/EES@EES, Neal Symms/Enron
Communications@Enron Communications, Peter Vint/HOU/EES@EES, Allen
Elliott/Enron@EnronXGate, Mary Jo Johnson/HOU/EES@EES, Yannis
Tzamouranis/Enron@EnronXGate, Kristina H Brosig/Enron@EnronXGate, George
Hope/HOU/ECT@ECT, Lisa King/HOU/ECT@ECT, Judy Thorne/Enron
Communications@Enron Communications, Kevin Dinh/Enron@EnronXGate, Steve
Shortt/Enron@EnronXGate, Mark Davidson/Enron@EnronXGate, Dian
Chu/Enron@EnronXGate, Jeff McClellan/HOU/EES@EES, Betty
Chan/Enron@EnronXGate, Laura Kinningham/OTS/Enron@Enron, Nikhil Shah/Enron
Communications@Enron Communications, Andrea Price/Enron@EnronXGate, Maribel
Mata/Enron@EnronXGate, Justin Cornett/ENRON@enronXgate, Steven J
Kean/NA/Enron@Enron, Brad Alford/NA/Enron@Enron, Mark Dana Davis/HOU/ECT@ECT,
Mark Courtney/HOU/EES@EES, Derryl Cleaveland/Enron@EnronXGate, Brian
O'Rourke/Enron Communications@Enron Communications, Ding
Yuan/Enron@EnronXGate, Larry Abbott/Enron@EnronXGate, Mo Bawa/NA/Enron@ENRON,
Chris Loehr/HOU/ECT@ECT, John King/Enron Communications@Enron Communications,
Alejandro Hernandez/NA/Enron@Enron, Ethan Schultz/Enron@EnronXGate, Hans
Oliver Pereira/HOU/EES@EES, Posey Martinez/HOU/ECT@ECT, Anthony
Sexton/Enron@EnronXGate, Jennifer N Stewart/Enron@EnronXGate, Mike
McConnell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, James
Scribner/Corp/Enron@Enron, Edward D Baughman/Enron@EnronXGate, Tamara
Hopkins/Enron@EnronXGate, Mark McConnell/Enron Communications@Enron
Communications, Eric Moon/HOU/ECT@ECT, Stephen Plauche/Enron@EnronXGate,
Angie Zeman/EU/Enron@ENRON, Justin O'Malley/NA/Enron@ENRON, Jody
Crook/Corp/Enron@ENRON, Nate Blackburn/NA/Enron@Enron, Greg
Nikkel/HOU/EES@EES, Tana Cashion/Enron@EnronXGate, Emily
Ferguson/ENRON@enronXgate, Harold G Buchanan/HOU/EES@EES, David
Shields/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter N
Anderson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Matthew Arnold/HOU/ECT@ECT,
Mike Layne/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marshall
Eubank/Enron@EnronXGate, Rogers Herndon/HOU/ECT@ect, Gary
Maestas/OTS/Enron@ENRON, Jim Davoli/Enron@EnronXGate, Deirdre
McCaffrey/HOU/ECT@ECT, TJ Rylander/Enron@EnronXGate, Priya
Jaisinghani/NA/Enron@Enron, Chuck Randall/HOU/EES@EES, Elizabeth
Tilney/HOU/EES@EES, Sylvia Barnes/HOU/EES@EES
cc: Jacqueline Coleman/NA/Enron@ENRON
Subject: Recruiting Expo

WE WANT YOU!

The Associate/Analyst Program wants you to join us for our 1st Annual
Recruiting Expo.
WE WANT YOU to join one of the many campus teams to help recruit new talent
for Enron.

  When:  Thursday, April 12th

  Where:  50th Floor - Reception Area

  Time:  5:30pm to 7:30pm

Come join us for hors d'oeuvres, cocktails, and an opportunity to meet the
new Program Management team as well as the recruiting staff.

Better hurry and join a team or YOU might be drafted!


George, sorry I disappeared for a few days.  I'm back at the ranch now and
eager to talk--please give me a call at 402-398-7449 at your convenience.
I'm in and available after 3:30 today and basically all day tomorrow.  After
that, Monday and Tuesday are relatively infested with meetings and I head out
on a short vacation on Wed.  I look forward to talking to you.  DF

"George Briden" <gbriden.snakehill@worldnet.att.net> on 02/22/2000 01:00:44 PM
To: <Drew.Fossum@enron.com>
cc:

Subject: Re: Transwestern

Drew;
I'd love to talk with you and get the power plant deal off the ground.  Can
you give me some times when I can reach you for a discussion?
GB

----- Original Message -----
From: <Drew.Fossum@enron.com>
To: George Briden <gbriden.snakehill@worldnet.att.net>
Sent: Monday, February 21, 2000 9:59 PM
Subject: Re: Transwestern

Yup, went over to the dark side.  On the power plant, I've got a couple of
guys you need to talk to.  Steve Harris is VP of marketing at TW, and Kevin
Hyatt is his right hand guy.  Steve is at 713-853-1796 and I'm not sure
what Hyatt's # is.  Give me a call and I'll tell you what I can about what
we're doing to help site power plants.  When did you go out-house?  I don't
think I've run into you since you were running around with Shoneman.
Adios, DF.

"George Briden" <gbriden.snakehill@worldnet.att.net> on 02/21/2000 10:53:06
AM

To:   <dfossum@enron.com>
cc:

Subject:  Transwestern

Drew;
Congratulations on your new job. I didn't realize that you had joined  the
pipelines.
I've got a client interested in developing a power plant in Arizona off
Transwestern. Can you give me a good contact at Transwestern?
Regards,
George Briden
(See attached file: George Briden.vcf)


Kathy,

Could you please accommodate Karen's request?  If you would like, you can
just send it to me and I will get it to her.  If you have delivered my
original to me I can make make her a copy.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/18/2000 09:09
AM ---------------------------

Karen E Carter
08/17/2000 04:43 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: WestLB Equipment Contracts

Kay,

I was wondering if it might be possible to obtain a copy of the Transformer
contract executed with ABB as well as any change order contracts which were
submitted to GE?  If you're not the person from whom I should request this
information, could you please point me in the right direction?  Thanks.

Karen


Colorado River Station  7000
 Total 5031+2100+2100+7000 = 16231
.

---------------------- Forwarded by Ami Chokshi/Corp/Enron on 04/19/2000
04:47 PM ---------------------------

	Enron North America Corp.

	From:  Ami Chokshi                           04/19/2000 03:54 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:

Subject: So Union

TVille
 5031 at TVille I-.02 for May

Total  2100
 2100
 5031
 9231
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 04/19/2000
03:55 PM ---------------------------

	Enron North America Corp.

	From:  Ami Chokshi                           04/19/2000 01:58 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:

Subject:

Southern Union for May
2100 83 st
2100 Port Arthur

These are my estimates. The volumes for April at T-ville and Colorado RS are
either spot or April only. Janet does not know about next month yet.
So, 5000 total is a safe assumption.


<<...>>

5201 Great America Parkway, Suite 522
Santa Clara, CA 95054
408 517-2100
408 517-2985 fax

Dear Colleague,

As your may be aware, we have invited you and your company to an extremely
important meeting on February 21, 2001 at the APX headquarters in Santa
Clara to discuss a solution to the critical problem we have today in our
California market regarding congestion management and CAISO schedule cuts.
This problem is costing us millions of dollars today and continued pro-rata
schedule cuts as a method  of congestion management  will escalate
substantially to well over $100,000,000 and could even rise above that
before the end of this year.

Since the California Power Exchange no longer operates an adjustment bid
portfolio market to manage congestion, APX has discussed the potential of
operating a similar market with the CAISO.  Technically, our solution is
sound and the CAISO endorses this market.  APX is uniquely capable of
developing this market as an interim solution until the California ISO
settles on its longer term congestion reform methodology.  Without this
market, we all stand to lose millions of dollars by having schedules cut by
the CAISO because there are no other short term alternatives to congestion
management.  The investment we will require from you to develop this interim
solution will be minor compared to the financial impact without it.

We are asking you to attend this meeting and to confirm your desire to see
such a solution provided by APX.  Ultimately we will seek financial
commitments prior to developing the solution but believe it is feasible to
have it in place well before the summer season.  Due to its interim nature
we will seek a flat fixed fee such that its planned abandonment will not
negatively impact APX with the more permanent change to congestion
management that will eventually be implemented by the CAISO.

The attached agenda provides an updated outline of our planned activities.
These include a brief introduction and review of why this is important to
California market participants and the impact of doing nothing, an overview
of how such a market will work, and a presentation by the CAISO regarding
integration issues with current CAISO congestion management procedures.

We welcome your participation in this most important meeting next week and
look forward to your commitment to a successful resolution of this
situation.

Sincerely,

Michael L. Heinrich    John Stremel
Vice President     Vice President

 <<Agenda 02_15_2001.doc>>
Barbara Tardio
Department Administrator
Automated Power Exchange
5201 Great America Parkway
Suite 522
Santa Clara CA 95054
408 517-2153
425 940-7850 (e-fax)

 - Agenda 02_15_2001.doc


Critical Migration Information:

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Are what there?????????????

Smiles :)

 -----Original Message-----
From: 	Jenkins, Beth
Sent:	Wednesday, August 08, 2001 9:07 AM
To:	Mckay, Jonathan
Subject:	are they there yet

are what there????????????

smiles


Gerald,

Attached for your review and comment the CA between ENA and Petroglyph.  I've
also attached their corporate records.

Booyah!

COLORADO DEPARTMENT OF STATE, CORPORATE/LTD PARTNERSHIP RECORD

NAME: PETROGLYPH ENERGY, INC.

TYPE: FOREIGN PROFIT (OUTSIDE COLORADO)

STATUS: IN GOOD STANDING

FILING-DATE: 09/15/1998

DURATION: PERPETUAL

STATE OF INCORPORATION: DELAWARE

ADDRESS: 1302 N GRAND
??????????DENVER, CO 80202

REGISTERED AGENT: CORPORATION COMPANY (THE)

REGISTERED OFFICE: 1675 BROADWAY
????????????????????DENVER, CO 80202

ANNUAL-REPORT:

	CURRENT REPORT/NO:

NUMBER: 19981166707

OFFICERS: ?
?
????MURDOCK ROBERT C
????PRESIDENT
????1302 N GRAND
????HUTCHINSON, KS 67501
?
????CHRISTENSEN ROBERT A
????VICE PRESIDENT
????1302 N GRAND
????HUTCHINSON, KS 67501
?
????SMITH S KENNARD
????VICE PRESIDENT/SECRETARY
????1302 N GRAND
????HUTCHINSON, KS 67501

DIRECTORS: ?
?
????MURDOCK ROBERT C
????1302 N GRAND
????HUTCHINSON, KS 67501
?
????CHRISTENSEN ROBERT A
????1302 N GRAND
????HUTCHINSON, KS 67501
?
????SCHWARTZ A J
????200 W DOUGLAS 4TH FL
????WICHITA, KS 67202

HISTORY: ?
?
?? 1.?DATE:?????????09/15/1998
??????TRANSACTION:??FOREIGN
CERTIFICATE OF AUTHORITY
??????COMMENT:??????PETROGLYPH ENERGY, INC....
??????DOCUMENT NO: ?19981166707
?
??
2.?DATE:?????????08/18/2000
??????TRANSACTION:??REPORT
??????COMMENT:??????P
R - 09/01/2000 - 11/30/2000...

Eric Gillaspie
713-345-7667
Enron Building 3886

	Gerald Nemec
	11/09/2000 02:16 PM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Confidentiality Agreement

Eric, The agreement needs to be bi-directional.  The subject is an exchange
of information concerning Petroglyph's transportation contract Colorado
Interstate Gas Company.  Paul is going to provide the date of the contract
and the contract #.

----- Forwarded by Gerald Nemec/HOU/ECT on 11/09/2000 02:09 PM -----

	Paul T Lucci@ENRON
	Sent by: Paul T Lucci@ENRON
	11/09/2000 01:40 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Confidentiality Agreement

Gerald,

Would you please prepare a CA between ENA and Petroglyph Energy Inc. my
contact there is Craig Saldene, however the person on their
side who will be signing the agreement is Robert C. Murdock President/CEO.
If there is any additional information that you need call me and
I will be happy to give you Craig's number so you can leave me the F____
alone.

Paul


As most of us are aware, Trasnco will be terminating all master commodity
contracts effective 9/1/2000.  I don't think we should make any changes to
the master contracts in our system until after the 1st.  However, we will
need start adding the demand contracts to the East and Market East in
Sitara.  Following is a list of master contracts and the associated demand
contracts effective 9/1/2000.

Master/Demand Rate Sched Start  End  Offer
2.2173 - Master  FTAR

2.7055 - Master  FTCHR

3.4367-Master  FTFR
3.5318-Demand  FTFR  6/1/2000 10/31/200 19885
3.4522-Demand  FTFR  5/1/2000 10/31/2000 19123

2.1439-Master  FTLR

2.2390-Master  FTLR
2.4539-Demand  FTLR  6/1/1998 5/31/2008 10382

.7537-Master  FTR
3.5116-Demand  FTR  6/1/2000 9/30/2000 19800
3.5115-Demand  FTR  6/1/2000 9/30/2000 19799
3.5049-Demand  FTR  5/3/2000 9/30/2000 19486
3.4708-Demand  FTR  5/1/2000 10/31/2000 19328
3.4358-Demand  FTR  4/1/2000 10/31/2000 18972
3.4271-Demand  FTR  4/1/2000 10/31/2000 18944

1.3861-Master  FTR

2.3496-Master  FTR

2.7002-Master  FTR

3.3433-Master  FTSR

1.0828-Master  SE94R

1.2786-Master  SE95R


REMINDER:
It is NNG's policy not to provide shipper contract information to any contact that is not the confirming operator at a point.

An example is: Shipper information at an NGPL point is only available to NGPL and no other party.

Thanks: John Buchanan


To support the data storage of ZMET data here is a proposal for what the
table structure should be.  In addition, after discussing the status messages
it is important to differentiate between those which effect availability and
those that do not.  The FAULTS table includes a flag field INCLUDE which
serves this purpose for STAR.

A improvement to this table would be to add a counter description field
var(4) which would hold one of the following descriptions; SOT, LOT, DT, WOT,
MT, RT, and EST.  This will allow us do differentiate status messages by
which counter they are associated with.

Since the intent is to mirror the SQL Server and the STAR db we need to make
these changes to both.  I'd like to get the SQL server changes ASAP so I can
develop some additional reports.

Let me know what you think

JD


Are there any objections to issuing the gty? We just did the same thing last week for FIMAT Issuing seems the simplest rather than having to stop trading, although traditionally we have not issued corp gtys.  Please advise.

Tanya

-----Original Message-----
From: Glover, Sheila
Sent: Monday, November 19, 2001 11:28 AM
To: Rohauer, Tanya
Cc: Su, Ellen
Subject: Carr Futures
Importance: High

Tanya,
I received a call from Carr Futures this morning.  Their parent, Cr?dit Agricole Indosuez, is requesting a parent guanantee to continue trading with Enron North America Corp. and Enron Capital and Trade Resources International.

I spoke with Gary this morning and he said that we could stop trading with them.  I said that others do trade with Carr.  He suggested then that the energy guys can proceed if they wish to continue trading with Carr.

Rick Farina, 312-441-4420, called me with Larry Anderson and Patty Chambers.

How do you want to proceed?

Sheila


Folks,

Here it is.  Mother, can I get The Byers' email from you?

TIM'S LIST

Shopsmith Stuff - currently on sale at the Shopsmith web site
(www.Shopsmith.com)

item# name    cost
791500 Mark V Speed Chart    2.99
942328 5/32" T-handle Hex Wrench   3.99 (more than one would be
great- in case I lose one)
555124 Coupling Kit   13.29
505715 Mark V Lathe Drive Center 16.14
505511 Mark V 500 1 1/4" Saw Arbor 16.19
505552 2 1/4" x 3" Drum Sander  19.99
505506 Molder Dado Arbor  21.59
300008 Tall Filter Hood - DC3300 26.99
515306  Mark V Dust Cover  30.59
505633 1/2" drill chuck & key  31.49
720590 Adjustable Dado Blade  35.99
555001 10" Carbide Tip Combination Blade 39.99

Books:
Black Mist & Other Japanese Futures
 Orson Scott Card (ed.)  ISBN 0886777674
Enchantment
 Orson Scott Card   ISBN 0345416872
Future on Ice
 Orson Scott Card (ed.)  ISBN 0312866941
Heartfire: Tales of Alvin Maker V
 Orson Scott Card   ISBN 0812509242

CDs:  don't have to shop there, but I know they can found at www.cdpoint.com

One Truth (Omar Tekbilek Faruk)  Label: Hearts of Space
Below (Zeus Faber)  Label: Hearts of Space

Land's End black cotton socks


Jim,

Do you have any availability this week?

Kevin


Dear Mr. Kaminski,

Since I am just about starting off on my research, I do not have any papers
published in this area.  But I do plan to address this shortcoming pretty
soon. I have a couple of other papers against my name, but they are not
worth any serious mention.

I thank you for taking time off your busy schedule to write to me.  I will
keep you posted about my progress.

Thank you,

Yours sincerely,

Hari Natarajan
Fellowship Student
Indian Institute of Management Bangalore
Bannerghatta Road
Bangalore 560076
India
Tel: 91-80-6993056
Fax: 91-80-6584050
E-mail: hnatraj@iimb.ernet.in

-----Original Message-----
From: Vince.J.Kaminski@enron.com
To: hnatraj@IIMB.ERNET.IN
Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com
Sent: 3/8/01 10:45 PM
Subject: RE:

Hari,

Thanks. Please, keep me posted about your progress.
Any published papers?

We shall send you the printout.

Vince

Hari Natrajan <hnatraj@IIMB.ERNET.IN> on 03/06/2001 08:47:34 PM

To:   "'Vince.J.Kaminski@enron.com '" <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE:

Dear Mr. Kaminski,

Thank you very much for your prompt response. I look forward to
receiving a
copy of your article.

I would also appreciate it if you could let me know whether Enron
provides
research grants to individuals who are working in the area of Energy
Risk
Management.  Towards my research, I am trying to develop a model to
estimate
electricity spot price.

In any case, I will be getting in touch with you again a year or so down
the
line when I am nearing completion of my dissertation because Enron is my
dream job.

I look forward to hearing from you.

Thank you,

Yours sincerely,

Hari Natarajan
Fellowship Student
Indian Institute of Management Bangalore
Bannerghatta Road
Bangalore 560076
India
Tel: 91-80-6993056
Fax: 91-80-6584050
E-mail: hnatraj@iimb.ernet.in

-----Original Message-----
From: Vince.J.Kaminski@enron.com
To: hnatraj@IIMB.ERNET.IN
Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com
Sent: 3/6/01 8:34 PM
Subject: Re:

Hari,

I shall send you a reprint of the  article. I had to
cancel my presentation at San Antonio.

Vince

Shirley,

Please, send a copy of the article to Hari.

Hari Natrajan <hnatraj@IIMB.ERNET.IN> on 02/28/2001 06:45:29 AM

To:   "'vince.j.kaminski@enron.com'" <vince.j.kaminski@enron.com>
cc:
Subject:

Dear Mr. Kaminski,

I am a doctoral student at the Indian Institute of Management Bangalore,
India.  My area of interest is the Energy Sector, especially Electricity
Derivatives. I am interested in obtaining a copy of the following items:

1) Your presentation "Current Challenges in Modeling Power Price
Volatility"
at the session on Price Volatility & Probabilistic Methods in the Energy
Markets.  (http://www.informs.org/Conf/SanAntonio2000//TALKS/MD29.html)

2) Your chapter "The Challenge of Pricing and Risk Managing Electricity
Derivatives" in the book 'The US Power Market', Risk Publications.

I would appreciate it if you could send me a soft/hard copy of the same.

Thank you,

Yours sincerely,

Hari Natarajan
Fellowship Student
Indian Institute of Management Bangalore
Bannerghatta Road
Bangalore 560076
India
Tel: 91-80-6993056
Fax: 91-80-6584050
E-mail: hnatraj@iimb.ernet.in


You asked yesterday if any of us had any comments on the Analyst PRC
process...  I thought I would share a few things with you.  The primary
concern was that an individual was representing "our" people, and they 1) did
not know them 2) did not know what they did 3) probably could not adequately
answer questions about that person and his/her performance and job
responsibilities.  Although I think the manager's in my group did an
excellent job of providing feedback and accomplishments (the two analysts
rankings in our group did not change from excellent), they were really uneasy
about someone independent of our group representing them.

Also, in general, it seems like the analysts are getting conflicting messages
about the "third" rotation and the option of going back to school, staying
with the company, etc.  I think a good idea would be to provide some clear,
written message to the analysts and us about the program and how it is going
to work going forward.  It surer seems like it changes every 6 months...

Hope this helps!  Let me know if you have any questions.

Sheri


----- Forwarded by Stephanie Harris/Corp/Enron on 12/08/2000 09:04 PM -----

	"Neal S. Manne" <NMANNE@SusmanGodfrey.com>
	12/08/2000 03:31 PM

		 To: Steve Susman <SSusman@SusmanGodfrey.com>, Harry Susman
<HSUSMAN@SusmanGodfrey.com>, "Katherine G. Treistman"
<KTREISTM@SusmanGodfrey.com>, "Kenneth S. Marks" <KMARKS@SusmanGodfrey.com>,
Trey Peacock <TPEACOCK@SusmanGodfrey.com>
		 cc:
		 Subject: RE: UT Law School Foundation

??? As I think I said when this came up  earlier, you can give to the general
fund but alternatively can give to the  scholarship fund set up by Lee in
honor/memory of his father:? Thomas  Godfrey Endowed Presidential
Scholarship.? It all counts the  same.
?
If you  will commit to give $1000 for each of the next five years, you will
be named a  Keeton Fellow.? That gets you a rubber chicken dinner once a
year.?  Many of our UT grads are Keeton Fellows and it would be a nice thing
to do when  our client Derrick and our ex-colleague Powers are in charge of
fundraising.
-----Original Message-----
From: Steve Susman
Sent: Friday, December 08, 2000 1:41 PM
To: Harry Susman;  Katherine G. Treistman; Kenneth S. Marks; Trey Peacock
Subject: UT  Law School Foundation

The Law School  says that it has no record of your giving this year, or last
for that  matter.? Derrick is trying to get us to 100% participation.?
Please  consider a contribution.? If you do not make one, I will assume you
have  decided not to and make one in your name so that we can be  100%.

Steve Susman
713/653-7801
Pager  888/562-1184
Fax? 713/654-6670
?


_________________________________________________________________

WEEKEND SYSTEMS AVAILABILITY

FOR

1/25/2002 5:00:00 PM through 1/28/2002 12:00:00 AM
_________________________________________________________________

Impact:   San Palo
Time:   Thur 1/24/2002 12:00:00 PM CT thru Sun 1/27/2002 12:00:00 PM CT
	Thur 1/24/2002 10:00:00 AM PT thru Sun 1/27/2002 10:00:00 AM PT
	Thur 1/24/2002 6:00:00 PM London thru Sun 1/27/2002 6:00:00 PM London
Outage:   New server room
Environments Impacted:   File Server, Notes servers, Print Server, Internet access.
Purpose:   Put 02 servers room in just 01 room. Rebuild all cabling (data and voice). This is set on CST.
Backout:   Back to original room.
Contact(s):   Nilson Busto  55-11-5503-1347

Impact:   Corp
Time:   Fri 1/25/2002 1:45:00 PM CT thru Fri 1/25/2002 2:45:00 PM CT
	Fri 1/25/2002 11:45:00 AM PT thru Fri 1/25/2002 12:45:00 PM PT
	Fri 1/25/2002 7:45:00 PM London thru Fri 1/25/2002 8:45:00 PM London
Outage:   Change Management Emergency Outage
Environments Impacted:   Change Management System Outage.
Purpose:   Change Management Application needs emergency maintenance.
Backout:   NA
Contact(s):   Brennan, Ryan  713-853-4545
	Ray, Edward  7138536744
	Brooks, Sean L  713-345-8077


We are taking a poll on how you like the messaging board system.  Please
reply to this email if you have signed on to it and let me know your thoughts
about it.

Thank you,
Amanda Huble
Ext: 34384


Vince:
Thanks for surfacing.Happy New Year!
 Linda

DECEMBER 2000  Financial Engineering Associates, Berkeley, CA

Gentlepeople,

As the end of the year rapidly approaches, it seems timely to thank you for
your business this year.  Thank you for helping to make this the best year
ever for FEA!

And, wed also like to wish you Happy Holidays and a healthy and prosperous
New Year.

Earlier this year, FEA initiated 3Virtual Coffee Break4, an emailed
newsletter for FEA Alliance Partners.  It has proven to be a popular and
useful media to share information.  This is our first effort at an emailed
newsletter to FEA clients, 3Afternoon Tea with Tracie).   We hope you will
take a few minutes to skim it for pertinent information  and then move it to
your FEA file folder for future reference.

***ANNOUNCING FEA PRODUCT UPDATES!***

FEA has been extraordinarily busy running extensive testing on new releases.
The following should be available to all clients, who are current on
maintenance, in just a couple weeks.  We will send an email notification of
the availability of the release, and CDs will be shipped.  If you prefer,
email support@fea.com to request download instructions.

@ENERGY. 2.0 will feature the release of the Forward Curve Builder and the
Swing (take or pay) Options valuation module. The Forward Curve Builder, as
its name suggests, calibrated the forward price curve for power
(electricity) and other commodity markets.  Some additional new features in
the 2.0 release include a Jump Diffusion Model for European-style options,
an option on a strip of options and an option on a strip of spread options.

VaRworks 4.0 includes sophisticated Stress Testing, support for individual
equities, and new easier to use templates.  Eagerly awaited by FEA clients,
the addition of Stress Testing capabilities has been a top priority for
FEA's engineering team.  Fund managers will be happy to hear that individual
(sectorial) equities are now supported in VaRworks. 4.0.

If you do not own a license for @ENERGY or VaRworks, and want to evaluate
them, email sales@fea.com and request a 30 day demo.  Product demos are free
to existing FEA clients.  Curious about a product, but dont have time to
install a demo, read the instructions and experiment?  Visit
www.fea.com/demos.htm and select alternative one.  We can now demo FEA
software on your computer screen, via the internet.

***LIST of CURRENT VERSIONS of FEA PRODUCTS NOW POSTED ON-LINE!
You may refer to www.fea.com/support.htm for details of the most current FEA
product releases.
***FEA NEWSWIRE: FEA AND ITS CHIEF SCIENTISTMARK GARMAN have been awarded a
4th US Patent! Patent 6,122,623 recognizes the "Watershed Method"as FEA's
second US Patent defining cutting-edge methodologies for VaR. The importance
of the recent invention is that it will allow market risk to be more
accurately allocated into accounting periods. Mark'sprior patent in the VaR
arena pertained to the calculation of "marginal VaR" or "Component VaR,"
which allowed risk managers to "slice and dice," or dissect enterprise-wide
VaR into its constituent components. (See the PressRelease at
www.fea.com/pdf/watershed_pr.pdf).
*** FIRST BETA SITE FOR VARWORKS SE***   www.fea.com/press_rm.htm
Look for a Press Release announcing  the first beta site for FEAs VaRworks.
SE (Server Edition).  VaRworks SEs dynamic risk analysis and reporting
environment will enable the delivery of  customized risk profiles to dozens
of exchange participants.  (See the product description at
http://www.fea.com/p_varse.htm.)

*** DID YOU HEAR?????
RiskMetrics, as of 1/15/2001, will be charging for their previously free
data sets.   Only outdated data sets will be available at no charge.

FEAs MakeVC product allows you to build your own customized data sets
utilizing historical time series data that you may already have available to
you.  You may request a FREE 30 day demo of MakeVC from
www.fea.com/demos.htm.  Product demos are free to existing FEA clients.

***PLAN AHEAD
The next VaR seminar will be late Spring 2001.  See
www.fea.com/seminars.htm for information as it becomes available, or browse
the October 2000 seminar brochure.  You may also contact  sales@fea.com to
reserve your space.

***The FEA FREQUENT FLYERS***

December/January, Madrid, Spain, Carlos
January 15 + Calgary and Toronto, Canada, Tracie
February 13-14, New York, GARP 2001, Laurent and Christine
February 13-15, Germany, E*Trade Chris and Ursula
February 19, London, Tracie

Contact sales@fea.com to arrange a meeting.

THE FINE PRINT: We are interested in your feedback, and ideas for future
topics.   Please send an email if you do not want to receive future FEA
Newsletters. mailto:elena@fea.com


is there a password or just knowing the address
---------------------- Forwarded by John Arnold/HOU/ECT on 05/08/2001 05:08
PM ---------------------------
From: Alex Mcleish/ENRON@enronXgate on 05/08/2001 10:40 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: gas message board access

John, is access to the board on a password basis now? If so, when you get a
chance could you authorise access for myself and Andew Hill (a colleague in
crude fundamentals) please? A similar board for crude and products should be
ready within a couple of weeks. Thanks

Alex


Attached for your information is the letter to shareholders that Sidney
mentioned at the October board meeting.  If you have any questions, please
call me.

Alecia DeCoudreaux

(See attached file: ST Election Letter.pdf)

 - ST Election Letter.pdf


These look good.  Greg

-----Original Message-----
From: Rapp, Bill
Sent: Thu 12/6/2001 10:02 AM
To: Harris, Steven; Watson, Kimberly; Lokay, Michelle; McConnell, Mark; Kilmer III, Robert; Lokey, Teb; Miller, Mary Kay; Kirk, Steve; Frazier, Perry; Hartsoe, Joe
Cc: Porter, J. Gregory; Pavlou, Maria
Subject: Transwestern Response to FERC Data Request - USGT Negotiated Rate Filing

Attached for your review and comments is a draft of TW's response to the FERC data request in the USGT negotiated rate proceeding. Please note that our response to Data Request No. 1, contemplates that we will provide to FERC copies of the other bids that were received on this capacity. We could attempt to summarize this other bids, but I think the better approach is to just provide copies.

A schedule of actual volumes transported and actual rates charged USGT is attached (this is the Schedule C that is referenced in our response to Data Request No. 4). This will need to be updated next week prior to filing. I do not have the other attachments to the responses in electronic format. I can of course provide paper copies of these to anyone who would like to see them.

I would appreciate receiving any comments by noon on Monday, December 10. Thanks.

<<USGTdatarequest.doc>>        <<USGT novdec01 volsrates.xls>>


Thanks.  I will use this report, and we shouldn't need any more analysis on
Post for the present.  Tim


Thanks, bub.  Does this speak for that part of EGM that formerly was Calme,
and which has ops in GAZA and the Carribean, or  do I still look to Dr. Sayre
for those comments?

	Mark E Haedicke@ECT
	11/06/2000 02:25 PM

		 To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Re: New Security and Human Rights Policy - Legal Comments

Please see comments below.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/06/2000 02:22 PM -----

	Michael A Robison
	11/03/2000 06:14 PM

		 To: mark.e.haedicke@enron.com
		 cc:
		 Subject: Re: New Security and Human Rights Policy - Legal Comments

Mark:
I wanted to make sure this got to you.
Mike
EB3859
(713) 853-6667 DID
(713) 646-4842 FAX

----- Forwarded by Michael A Robison/HOU/ECT on 11/03/2000 06:16 PM -----

	Michael A Robison
	11/03/2000 06:10 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Re: New Security and Human Rights Policy - Legal Comments

Mark:
The attached email raises the following three questions with respect to
Enron's endorsement and adoption of the attached statement of principles on
Security and Human Rights and my response is noted after each question:
 Are there any show stoppers that would argue that Enron should not publicly
express its "endorsement" of these polices? No.
If Enron were to express its endorsement of the policy statement, what if any
material problems do you think your business line might encounter in
implementing the policy?  Given the limited physical presence of EGM in
foreign locations, I would not expect implementation to be a problem.
Do you see any unintended practical or legal consequences that might arise
from Enron publicly adopting or endorsing this as policy?  The commitment
under the "Consultation and Advice" section of the statement on "Interactions
between Companies and Public Security" provides: "In their consultations with
host governments, Companies should take all appropriate measures to promote
adherence to international law enforcement standards, particularly those
reflected in the U.N. Code of Conduct for Law Enforcement Officials and the
U.N. Basic Principles on the Use of Force and Firearms."  I believe we should
take note that "all appropriate measures" is very broad and could publicly be
construed to mean an obligation to withdraw our operations from a particular
country that fails to abide by these principles.
My response pertains only to the operations of Enron Global Markets.   I will
be checking my emails while I am in Singapore and will be happy to address
this further if you would like me to do so.

Mike
EB3859
(713) 853-6667 DID
(713) 646-4842 FAX

	Mark E Haedicke
	11/03/2000 04:53 PM

		 To: Michael A Robison/HOU/ECT@ECT
		 cc:
		 Subject: New Security and Human Rights Policy - Legal Comments

----- Forwarded by Mark E Haedicke/HOU/ECT on 11/03/2000 04:53 PM -----

	John Schwartzenburg@ENRON_DEVELOPMENT
	11/02/2000 03:34 PM

		 To: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy Young@ECT,
John Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, paul.kraske@enron.com,
mark.evans@enron.com, Mark E Haedicke@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah Culver@EES
		 cc: Rob Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp@EES
		 Subject: New Security and Human Rights Policy - Legal Comments

Rob has asked me to collect legal department views on the attached statement
of principles regarding Security and Human Rights that Enron Corp is
considering endorsing. These have been worked out over the past several
months by a task force of the US and UK governments, along with
representatives of industry (including Enron) and NGOs (including Amesty and
Human Rights Watch) under the auspices of Secretary fo State Albright and
Foreign Secretary Cook.  As a result, we really don't  have the ability to
change the text, which is fixed.

As you know, Enron is very concerned about human rights issues because of
their intrinsic value and their community relations impacts.These guidelines
would be in addition to the Human Rights Policy Statement the Enron board
adopted last year, which really do not touch on security matters as such. I
have sent this to each of your since your business units are those that have
the most extensive operations in the developing countries in which these
issues are of primary concern.  (I am separately collecting comments/concerns
from within EES and EECC.)

The Enron effort on this guideline project has been lead by Lauren Goldblatt
of the Corp. PR group. Lauren has run the attached drafts past Mike Hicks and
Pete Vandergam at Corp. Security for their views of whether this can be
implemented by Enron.  We as the legal department have been asked to express
our view on are the following:

(a) Are there any show stoppers that would argue that Enron should not
publicly express its "endorsement" of these polices?
(b) If Enron were to express its endorsement of the policy statement, what if
any material problems do you think your business line might encounter in
implementing the policy?
(c) Do you see any unintended practical or legal consequences that might
arise from Enron publicly adopting or endorsing this as policy?

Please take an hour few hours to read through the materials, or have one of
your lawyers do so. You might need to consult with your operation personnel
for their practical views as well.   I would be grateful if you could express
any concerns you may see with the guidelines by November 7 (Wednesday) so
that I can coordinate comments and get the responses out.   (The deadline for
Enron and other companies to express their endorsement of the policy has been
extended from the November 8 deadline expressed in the attached to November
15. To allow time for Enron to deal with responses, we have been asked to get
our feed back to Lauren by November 8 (Thursday).)

You cane-mail your comments or phone them to  me at 713-646-6309. If I get
suffucient expressions of interest for a conference call by Monday, I will
set up a call in number for Wednesday morning US.

Thanks, I appreciate your views and comments.

----- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT on 11/02/2000 02:06
PM -----

	Vicki Sharp@EES
	10/26/2000 10:26 AM

		 To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah
Culver, Sarah Gregory/LON/ECT@ECT
		 cc: Lauren Goldblatt/NY/ECT@ECT
		 Subject: Security and Human Rights

John, Rob and I have talked and   Rob would like you to take the lead on
this.  Deborah, I need you to work  with  John S. to see how our
international EES business (Europe, Mexico, etc.) might be   affected by this
and whether we take this position.  I am sure Rob and JOhn will  have the
history and expert opinion as to how this should be handled, and my guess is,
this issue primarily affects EECC at this time.  Maybe one of the Apache
lawyers can take the lead for the traditional EES business.   Rob will be in
next week and then going out of town and I will pick up for him then.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 10/26/2000 09:56
AM ---------------------------

Lauren Goldblatt@ECT
10/25/2000 05:44 PM
To: Rob.Walls@enron.com, Vicki.Sharp@enron.com
cc: Kelly.Kimberly@enron.net
Subject: Security and Human Rights

Rob and Vicki:

Over the past few months we have participated in an initiative aimed at
developing a voluntary set of guidelines governing human rights and security
arrangements.   I would greatly appreciate your thoughts, review, and sign
off on the guidelines.

Should we agree to endorse the principles, we must send a letter to the U.S.
State Department by November 8, 2000.     I have attached a fact sheet as
well as the revised principles for your review.

The principles and signatories will be announced by Madeline Albright and
Secretary Robin Cook in November.

Thank you for time and consideration on this.  Please do not hesitate to call
with any questions.  I can be reached either by cell phone (917) 821-0724 or
by  voicemail at 212-702-3916.

Best Regards,

Lauren

 - corp_resp__20_Sept_[2].doc


? The extraordinary session is expected to close early next week, after the
governor has signed SB 28X, a power plant siting bill.  Yesterday, the
governor signed bond financing bill SB 31X.  Once the extraordinary session
is closed, a new extraordinary session is expected to be opened immediately.
However, sources report that no one is certain if the bills from this session
will have the same numbers in the next session.  The legislature reportedly
is trying to arrange so that the bills will not have to be heard again in
committee.

? The MOU still does not have a sponsor.  Governor Davis hopes to reach a
deal with Sempra for the state to purchase San Diego Gas and Electric's
transmission assets.  He reportedly feels that by having deals in place with
SoCal and SDG&E, enough momentum might be added to push the MOU through the
legislature.  He then could go to the bankruptcy court and propose adding
PG&E's assets, since he would have two of the three pieces in place.  The
validity of this logic seems questionable at best.  Sources are skeptical
that adding SDG&E to the MOU would increase the chances of the deal going
through the legislature.  Also, the governor has claimed to be close to
having a deal with SDG&E for several weeks, but such a deal has not yet been
finalized.  The governor stated that he will have a sponsor for the MOU by
next week when the bill will be introduced.  The MOU might be introduced in
the legislature, then amended to indicate a lesser amount for the
transmission asset purchase.  This still would not assure passage since so
many legislators reportedly are against the MOU.

? The windfall profits tax bill has not been set for hearing on the Assemble
floor.

? State Legislature, Elizabeth Hill, published a report earlier this week
regarding an analysis of state revenues.  The report stated that revenues for
this year would be $3.4B less that was expected in January 2001, not
including electricity costs.  She predicts that ongoing state programs will
have to be cut by approximately $1.7B.

? Moody's has put California's credit rating under review for another
downgrade.  Sources report that Moody's, S&P, and MBIA have all informed
California that "the only way the state will improve its credit rating and
look better to investors is to get out of the power business and resolve the
undercollected."


Attached is additional  correspondence from TransAlta re: the merger and guaranty info I sent you on 10/5/01.  Can you please contact TransAlta and let them know you will be handling this.  Thanks.
 -----Original Message-----
From: 	Geordie_Hochbaum@transalta.com@ENRON
Sent:	Wednesday, October 24, 2001 1:43 PM
To:	Jones, Tana
Subject:	Re: ISDA Notice and Amendment

Tana,

I am following up on the issue for Maureen Piercey who is out of the
office.

Will the TransAlta guarantee provided to Enron North America for financial
deals be acceptable? TransAlta currently sleeves the financial deals
through Enron Canada, and TransAlta can not continue to do this due to the
administrative difficulties that are created by this process.

Please let me know if the guarantee attached below is acceptable, and if
Enron North America will be will to sign the ISDA amendment. If you want to
contact me directly, my number is 403-267-6992.

Thanks,
Geordie

---------------------- Forwarded by Geordie Hochbaum on 2001/10/24 12:35 PM
---------------------------

Maureen Piercey
2001/10/15 08:46 AM

To:   Geordie Hochbaum@TransAlta
cc:
Subject:  Re: ISDA Notice and Amendment

---------------------- Forwarded by Maureen Piercey on 2001/10/15 08:46 AM
---------------------------

Maureen Piercey
2001/10/05 04:36 PM

To:   tana.jones@enron.com
cc:   Sterling Koch@TransAlta, Katalin Kiss@TransAlta
Subject:  Re: ISDA Notice and Amendment  (Document link: Maureen Piercey)

Attached please find the form of Guarantee to be issued by TransAlta.  It
is the same form we issued to Enron for physical power transactions. If
there are any credit concerns, please call me at 403-267-7987

Maureen

(See attached file: TAC to Enron NA re TEMUS ISDA 1001.doc)

Sterling Koch   2001/10/05 03:59 PM
(Embedded image moved to file: pic06204.pcx)

To:   tana.jones@enron.com
cc:   Katalin Kiss@TransAlta, Maureen Piercey@TransAlta
Subject:  REQUEST >> ISDA Notice and Amendment

Please find attached our form of notice and amendment to the ISDA agreement
between MEGA and Enron North America (as successor to Enron Capital& Trade
Resources).   Let me know if you have any changes and we will forward
executed copies along with copies of the Merger Certificates.  THX
Sterling
403-267-6991
PS: Our credit person is Maureen Piercey 403-267-7987.
(See attached file: MEGA merger notice - Enron NA.doc)(See attached file:
Enron NA AMENDMENT - schedule - blk1.doc)

 - TAC to Enron NA re TEMUS ISDA 1001.doc
 - pic06204.pcx
 - MEGA merger notice - Enron NA.doc
 - Enron NA AMENDMENT - schedule - blk1.doc


I put my stuff out there today, I will email you some pics to attach to it
tonight.
PL


I wanted to make sure that I had the right email address.  Mine
is.....dana.davis@enron.com


disregard my last email.  we might not be going on that weekend.


Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks.

Occupancy Guidebook To Enron Center South
You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures.

NEC Monitors
The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover.  Additionally, an integrated speaker has been installed on one monitor for each desk.

Turret Users
An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication".

Increased Information Access
There are many NEC 50" Plasma screens installed on the 5th and 6th floors.  While many of these will be displaying information designed for the specific unit, others will be displaying various television channels.  The audio to these television channels can be accessed via any of your telephony equipment.  Here's how:

Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret.  The channels have been defined on Page 15 of your Turret.  To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below:

Channel	Avaya	Stentophon
Weather Channel	12401	801
CNN Headlines News	12402	802
CNN Financial News	12403	803
CNBC	12404	804
MSNBC	12405	805
Bloomberg	12406	806
Financial News Network	12407	807
CNN	12408	808
Fox Sports	12409	809
ESPN1	12410	810

Wireless Telephony
You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all.  We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move.

Wireless LAN
The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers.

Amtel Replacement
As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. The Global Messaging Team is testing additional software products to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, and printing.  Updates will be provided as they become available.

Keeping an Open forum
We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to  mailto:Enron.Center.South.Technology@enron.com


Put this in my binder and tell him to start sending it to you.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/18/2000
09:07 AM ---------------------------

Gary Stadler@ECT
07/17/2000 06:49 PM
To: Sally Beck/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT,
Ted Murphy/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, John
Sherriff/LON/ECT@ECT
cc: Shona Wilson/NA/Enron@Enron, Michael E Moscoso/HOU/ECT@ECT, Kate
Agnew/AA/Corp/Enron@ENRON, Vladimir Gorny/HOU/ECT@ECT, Bjorn
Hagelmann/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Rebecca Phillips/HOU/ECT@ECT,
Frank Hayden/Corp/Enron@Enron

Subject: June Curve Validation Memorandum

Attached is June's Curve Validation memorandum.  Please do not hesitate to
call if you have any questions.

Gary
X35502


Start Date: 1/20/02; HourAhead hour: 1;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012001.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
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!!!Unknown database.
Alias: dbCaps97Data
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Alias: dbCaps97Data
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Alias: dbCaps97Data
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!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
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Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


do you have these dates?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/07/2000
12:22 PM ---------------------------

Althea.Gordon@enron.com on 11/06/2000 10:07:32 PM
To: jeff.shankman@enron.com, rodrick.hayslett@enron.com,
kathy.lynn@enron.com, fred.wogel@enron.com, chuck.chakavarthy@enron.com,
peggy.determeyer@enron.com, michael.popkin@enron.com, susan.farrow@enron.com,
kathleen.wagner@enron.com, sarah.wesner@enron.com, patrick.conner@enron.com,
Jayshree.desai@enron.com, tom.dutta@enron.com, matt.goering@enron.com,
laura.howenstine@enron.com, bryan.kite@enron.com,
michele.nezimarvin@enron.com, neville.ravji@enron.com,
betsy.bassis@enron.com, Evan.betzer@enron.com, lisa.connolly@enron.com,
ben.creighton@enron.com, brian.hitch@enron.com, Colin.jackson@enron.com,
Gillian.johnson@enron.com, bill.keeney@enron.com, jebong.lee@enron.com,
steve.pirozzi@enron.com, Chuchu.wang@enron.com, tiffany.wright@enron.com,
andy.fastow@enron.com, joe.deffner@enron.com, david.johnson@enron.com,
barry.schnapper@enron.com, david.chang@enron.com, donald.reed@enron.com,
john.huffaker@enron.com, jon.doyle@enron.com, li.doyle@enron.com,
patricia.tlapek@enron.com, sue.frusco@enron.com, anne.yaeger@enron.com,
steve.irvin@enron.com, raul.rizopatron@enron.com, german.ibanez@enron.com,
peter.heintzelman@enron.com, matthew.duffy@enron.com,
borislav.freschiev@enron.com, carol.north@enron.com, trushar.patel@enron.com,
neil.sainsburycarter@enron.com, ami.trikpathi@enron.com,
dan.conkright@enron.com, Chaz_Vaughan@enron.net, michelle.wenz@enro.com,
julieann.kelly@enron.com, gray.calvert@enron.com, joe.escobar@enron.com,
john.mcpherson@enron.com, diana.profir@enron.com,
steinunn.thordardottir@enron.com, laura.wente@enron.com,
Joana.ryan@enron.com, kenza.bennoua@enron.com, steve.kean@enron.com,
scott.porter@enron.com, franklin.bay@enron.com, michale.miller@enron.com,
michael.bilberry@enron.com, bernard.barcio@enron.com, Traci.warner@enron.com,
andrew.wilson@enron.com, william.wildle@enron.com, mark.courtney@enron.com,
brian.spector@enron.com, kate.frasier@enron.com, Pushkar.shahi@enron.com,
waymon.votaw@enron.com, patrick.wade@enron.com, Brent.bechtol@enron.com,
john.walt@enron.com, david.dye@enron.com, jonathan.adler@enron.com,
gregory.characklis@enron.com, william.kendrick@enron.com,
lawrence.leib@enron.com, andrew.miles@enron.com, stephen.stenhouse@enron.com,
robert.sewell@enron.com, john.randolph@enron.com, charles.varnell@enron.com,
doug.seawell@enron.com, ALhamd.alkhayat@enron.com, micha.makowsky@enron.com,
rex.shelby@enron.com, mark.palmer@enron.com, tom.gros@enron.com,
larry.izzo@enron.com, vince.kaminski@enron.com, arthur.bieser@enron.com,
andy.knight@enron.com, david.reinfeld@enron.com, Rizkalla.adel@enron.com,
Paul.cherry@enron.com, bernard.barcio@enron.com, stephen.thome@enron.com,
Raimund.grube@enron.com, aundrea.larsen@enron.com, claudio.ribeiro@enron.com,
jeff.donahue@enron.com, mitch.taylor@enron.com, jean.mrha@enron.com,
joe.gold@enron.com, richard.lydecker@enron.com, davis.maxey@enron.com,
william.dawkins@enron.com, mark.berstein@enron.com, david.crews@enron.com,
kenneth.wang@enron.com, david.barr@enron.com, greg.woulfe@enron.com,
richard.park@enron.com, david.samuels@enron.com, susan.pereira@enron.com,
guido.caranti@enron.com, david.rosenberg@enron.com, seth.hurwitz@enron.com,
frank.karbarz@enron.com, Gaurav.Babbar@corp.enron.com,
larence.snowden@enron.com, richard.schneider@enron.com,
farzad.farhangnia@enron.com, jay.epstein@enron.com, patrick.meyers@enron.com,
rene.antonio@enron.com, adam.weis@enron.com, meera.natarajan@enron.com
cc: cathy.lira@enron.com, doris.sanders@enron.com, patricia.payton@enron.com
Subject: Interviewing for the Associate and Analyst Program

The off-cycle department of the Associate and Analyst program is looking
for volunteer interviewers for the following dates:

   Thursday, November 9th from 9:00 a.m - 12:00 p.m
   Thursday, November 16th from 9:00 a.m. - 12:00 p.m.
   Thursday, December 7th from 9:00 a.m. -1:00 p.m.

Over 50 candidates will be interviewing over these 3 days.  The candidates
will be a combination of Associates and Analysts representing schools such
as Princeton, Harvard, University of North Carolina, Notre Dame, University
of Illinois, Emory and many others.  Each candidate will have 4 interviews.
Pending the outcome of their interviews we will invite them to stay and
attend Super Saturday that weekend.  If for some reason we decide not to
further pursue the candidate, we will fly them home that Friday morning.

Also there will be continental breakfast at from 7:45 a.m. to 8:45 a.m.
(for all three dates) and a Luncheon from 12:30 p.m. - 2:00 p.m. (on Nov. 9
and Nov. 16th), the lunch will be at 1:30 for the Dec. 7th.  Interviewers
are welcome to attend both the breakfast and the lunch on their
interviewing date.  The interviewing, breakfast and lunch will take place
at the DoubleTree Hotel Downtown.

We are asking Enron employees associate (associates who have been with the
program for at least one year) level or higher  to volunteer at least ONE
HOUR to interview candidates (this will be 2 interviews).  If you can
volunteer for more than an hour or for more than just one of the stated
dates, that would be great!  Your help is needed!  Please contact my
assistant, Cathy Lira, at cathy.lira@enron.com or x54049 as soon as
possible, if you can volunteer any time for interviewing.

If you have any questions please do not hesitate to contact me.

Once again, thanks,
Althea

Althea P. Gordon, JD
Recruiter
Associate & Analyst Programs


My guys tell me we are just about finished on our end and will be getting
ready to beta test. How are your folks doing ?


Congratulations on the farm!!!!!    I will be in the Woodlands Thursday and
part of Friday at a Legal Conference.  I would invite you to golf, but I know
you are way busy.   Let me know if I can help with the move.

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

__________________

HAVE A GOOD DAY !!!!!!!

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 Only

Attached is a copy of the Gas Logistics presentation that I gave at Phil Lowry's operations conference this morning.


Melissa,

As you know, as of Jan 01, 2000 the Wellhead Portfolio has been segregated
from the rest of HPLC's Physical Portfolio.  As a result of this segregation,
it has become much easier to analyze and manipulate this data so that monthly
"accrual value" can be determined.  This analysis has resulted in the
realization that the Wellhead Potfolio creates approximately $275,000 of
accrual value per month.  The main drivers of this accrual value are deals
that have rolled into evergreen status, accrual term deals,  actual volumes
greater than booked, half cent bid to mid spread, incorrect markings, and
value withheld from MTM because of accrual costs.  Of the above, Greg Sharp
will receive value associated with evergreen/accrual deals, actual volumes
greater than or less than booked, and deals incorrectly marked.  Tom will
keep value associated with his half cent bid to mid and accrual value needed
to pay accrual costs (such as gas quality issues).  The breakout of this
value has been on average 60% to Greg and 40% to Tom.  The following is a
breakdown of 1st quarter accrual value.

January-

Total Accrual Value = $266,504

Greg's Value       Tom's Value
Evergreen Value =                         $140,750     Bid to Mid =
$105,000
Accrual Value =                               $53,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $60,000           $118,000
Incorrect Marking =                       ($105,000)
Total Value =                                   $148,750

February-

Total Accrual Value = $289,305

Greg's Value       Tom's Value
Evergreen Value =                         $145,000     Bid to Mid =
$100,000
Accrual Value =                               $62,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $65,000           $113,000
Incorrect Marking =                       ($95,000)
Total Value =                                   $177,000

March -

Total Accrual Value = $292,145

Greg's Value       Tom's Value
Evergreen Value =                         $147,000     Bid to Mid =
$106,000
Accrual Value =                               $59,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $66,000           $119,000
Incorrect Marking =                       ($100,000)
Total Value =                                   $172,000

Let me know if you have any questions.

Eric

	Enron North America Corp.

	From:  Eric Bass                           04/07/2000 02:00 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Wellhead Accrual Income

Melissa,

Here are the accrual values for Q1.  More details to follow.

Jan - $266,504
Feb- $289,305
Mar - $292,145

Eric

	Enron North America Corp.

	From:  Melissa Graves                           04/07/2000 01:51 PM

To: Eric Bass/HOU/ECT@ECT
cc: George Weissman/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT
Subject: Wellhead Accrual Income

Eric,

Per Greg Sharp, he and Tom Martin discussed the Wellhead Accrual Income
numbers today, and Effective Q1 2000, Greg will begin recognizing this
accrual income in his financials.

It is my understanding that the new Wellhead Portfolio in Sitara assists you
in calculating this monthly number (which is estimated at $170,000 per
month).  Could you please provide the detail behind this calculation, or if
this data is pulled directly from Sitara, George and I could meet with you to
become familiar with this data extraction process.

Thank you,
Melissa
X39173


With Greg Piper's transition into the ENW Office of the Chairman, John
Cummings will be responsible for the continuing operation, development and
marketing of Clickpaper going forward, with the Clickpaper team reporting to
John Cummings.  John will continue to report to Greg Piper.


UPS and FedEx shipping forms have been created.  Hooray!  Using these forms
will help us meet your shipping needs.

Where to find them?
The forms may be found in their labeled black trays next to Erin's desk or on
the network path:
P: \Admin Assistants\Forms\UPS request form or FedEx request form.

Easy as 1-2-3
1.   Fill out a form and attach it to each item you need shipped.
2.   Place item in top black tray.....put oversize items on floor between
Erin and Emily's desks.
3.   Turn your item in before the daily 4pm deadline.
       It will be your responsibility to label and ship any overnight items
that do not meet the 4pm deadline.

FYI:  All interoffice mail is shipped overnight FedEx.

Please let us know if you have questions.
Thank you!

Emily and Erin


If you have discovered a bug with the OASIS web site, please include as much information about what you were trying to do and the error message returned.

I cannot purchase any daily transmission on the AZPS oasis site.
Error is below:

An error occurred in processing this page.
Please contact the server's administrator if this problem persists.
Number: 500
Source: CRequest.GetRecords
Description: Invalid procedure call or argument
Extended Information: TemplateParse.CRequest.GetRecords failed.

Please let me know what I can do.


J.

I am looking at a June, july, august product for 02-06 for Gaylord container.  3000/day at PG&E citygate.  Is credit ok with this and what kind of contracts do we have in place.  Showing him a price on Monday morning.

thanks,

Kim


I may have these at home, but just to be sure, please email me your H and W
and Cell ph. #, pager #, palm pilot #, the # that connects to the steel plate
in your head, your address, and any other communication coordinates you think
I need to have.  I'll be at the Westin La Something in San Anton, checking
out Friday, and cell # 402-630-8461.  I'll give you guys a call at one of
your numbers at a time of your choosing on Friday PM, and then head over to
your joint or a restaurant or something for festivities.   I may even call
you today if I can get a few minutes away from the madness.

I'm looking forward to reminding you about all of the fun things that come
with working for corporate america.  You're gonna have to start reading
Dilbert again so you can relate to all of us other corporate drones.  Adios,
DF


The vast majority of this language is already in the guaranty in the form of
waivers--I have no problem in saying the same thing 2 different ways, if it
will expedite the deal. Any objections?

---------------------- Forwarded by Joel Ephross/Corp/Enron on 07/10/2000
01:31 PM ---------------------------

Robert_Long@em.fcnbd.com on 07/07/2000 05:00:08 PM
To: Joel.Ephross@enron.com
cc: Jason.Peters@enron.com, Sarah.Wesner@enron.com, Ken_Fatur@em.fcnbd.com,
James_Naughton@em.fcnbd.com

Subject: Re: Revised Guaranty

The revised Guaranty is acceptable except that I would like to see the
first sentence of Section 1 read as follows:

     Subject to the provisions hereof, Guarantor hereby irrevocably and
     unconditionally guarantees the timely payment when due of the
     obligations (including, without limitation, all renewals,
     extensions and modifications thereof, and all interest, fees and
     other monetary obligations incurred or accrued during the pendency
     of any bankruptcy, insolvency, receivership or other similar
     proceeding, regardless of whether allowed or allowable in such
     proceeding) of Enron to Bank One under the Loan Documents (the "
     Obligations").

Please let me know where we are with respect to the Credit Agreement.
Are you preparing such an agreement?

Joel.Ephross@enron.com on 07/07/2000 11:42:11 AM

To:   Robert Long, Sara.Shackleton@enron.com, Jason.Peters@enron.com,
      Sarah.Wesner@enron.com
cc:
Subject:  Revised Guaranty

I have tried to address the points raised during our phone call. Note
that
some of the rewording in the intoductory paragraph is to accomodate
documentation that is being proposed by the swap group here, and which
will
be distributed shortly.

(See attached file: Guaranty - Bank Onev3.doc)(See attached file:
Guaranty
- Bank Onev3redBankOne.doc)

 - Guaranty - Bank Onev3.doc
 - Guaranty - Bank Onev3redBankOne.doc


-----Original Message-----
From: Anna Symes [SMTP:annas@cobs.edu]
Sent: Thursday, January 11, 2001 12:12 PM
To: 'marys@tvapdx.com'
Subject: New email address

Hey Mom!
Just wanted to give you my new email address!  Job is going well, I'll tell
you all about it when I have more time.  Also, new address is 515 Clarkson
#207, Denver 80218.  I'll let you know when I get my phone.  Apartment is
funky but big, good price, neat location.  Can you give me Kate's email
address?  Can't seem to find it.  Anyway, let me know when you get this so I
know it's working.  Hope all's well in Portland.  It has been gorgeously
sunny everyday here - snow on saturday!!  Also, I have a couple interviews
(one with Starbucks - whatever, it pays the bills!).  But if you can
possibly contribute to the something-for-me-to-sleep-on fund I would
appreciate it so much, as I am moving into my apartment on Monday and will
be bedless until my first paycheck.  Okay, tell everyone I said hi and that
I wish you were all here!  Love, Anna


Dear All,

Please test the Stage Release of PortCalc version 4.2.1s1 and let us know of the results.

The executable is      /stage/egs-home/ermt/bin/pwrcalc_slr

	New Features:

Version 4.2.1s1

Changes Affecting All:

Asian strip

Fixed the Curve shift numbers in the adhoc table.

Index Option

Break up one single adhoc record into two records for physical and financial.

Basis Option

Fixed the issue on the break down of Peak and Off Peak curve shift for the second delivery point.

Performance Improvement

Disable unnecessary sensitivity calculation to improve performance typical for hourly options.

Cross Portfolio flag form deal entry is now used. Before this change, PortCalc used to determine which deal is cross portfolio using internal logic.

Curve and Position Manager

PortCalc will now populate the peak_hours_num, off_peak_hours_num, sun_peak_hours_num and sat_peak_hours_num columns in the adhoc table to provde volumetric information for the Curve and Position Manager.

Changes Affecting Australia:

Asian strip

Always use curve price for effective date to avoid next-day financial true up for that day, so that current previous day value can tie up yesterday's value.

SRA

	New Deal type.

Changes Affecting VATR:

Populate the INSTR_TYPE_CD as TRANSMISSION in the pwr_vatr_port_posn  table for Transmission deals.

Please do not hesitate to ask if there is any questions.

	Thanks,

Norman.
x36976.


Tana:
Let Molly know that she has been invited to the May 5th luncheon and we can
meet her there.
Carol,


Hi Everyone,

There are still tickets available for the Wednesday, April 11 CEO Exchange
featuring Carly Fiorina  of HP and John Chambers of Cisco.   Tickets are
available in the EvMBA Office.  The event is scheduled to be held in
Zellerbach Hall and seating will  begin at 5:30 pm.

Cheers,
Diane


Patrice
Thanks for the call the other day. Here is a copy of our contract. It is
written with Aux Sable as an end-user in mind and therefore differs from the
typical pipe-to-pipe contract.
 <<ASLP Master Inlet Gas Purchase Agreement.doc>>
You can give me a call at 403-508-5852 if you have any questions.

If you have any questions on credit you can have your people contact me or
Gerry O'Connor, our VP of Finance. Gerry has been talking to Jennifer
Shipohs (I may have the spelling wrong) of your Industrial group, about
financial instruments and credit.

Another name and number you should have is Bob Lee, who is our short term
(30 days or less) trader. Bob's number is (403) 508-5851. I look after
longer term arrangements (30 days or more) and back-up Bob when he is away.

Derek Ashing
PS for Aux Sable - Patrice is the Enron physical trader for Chicago. Bob, if
you have any questions about what is being posted on Enron Online for
Chicago, this is the person to talk to. Patrice's number is 713-853-5772

 - ASLP Master Inlet Gas Purchase Agreement.doc


Steve --

here is another installment on the continuing California story.  There is
another cartoon idea here.  I am ready to get our cartoonist rolling, but
let me know if you like this or the previous idea.

--
Daniel Casse
White House Writers Group
615-297-5999
615-297-5908 (fax)

 - Jan9humor.DOC


Ben, please discuss with Dave Duran - he will be responsible for our coal
generation strategy.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/14/2000
04:28 PM ---------------------------

Benjamin Rogers
12/14/2000 03:07 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Dave:
I know we just completed a deal with Cinergy, but I have another idea for us
to kick around with these guys.  They are building 1,000 MWs, very efficient,
coal facility along the Ohio river.  Talking with Ben Jacoby and Fred Mitro I
found out that we are looking at either building a coal facility or investing
in one, which would create a great hedge against gas.  I am beginning to go
through the information that Ben and Fred have put together and I wanted to
sign up a CA with Cinergy regarding this issue.  I was planning on running
with this, but wanted to make sure this was the type of investment that we
might be interested in.  I think a partnership in coal with Cinergy could be
a great partnership for us.  I hope this idea is what you had in mind.
Thanks in advance for your time.
Regards,
Ben