Enron's Lay: "Categorically" Not Taking Job In Cabinet

Updated: Wednesday, December 13, 2000 11:43 AM?ET

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NEW YORK (Dow Jones)--Enron Corp's (ENE, news, msgs) current chief executive
and chairman, Kenneth Lay, said Wednesday that he categorically won't be
taking a job in a new presidential administration.
Lay, a strong supporter of Texas Gov. George W. Bush, has been rumored to be
a potential candidate for a cabinet position in the event of a Bush
administration. Those rumors were further fueled Wednesday when Enron
announced that Lay would be stepping down as chief executive of the company
effective Feb. 12, though the company said Lay would remain chairman of the
board.

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"I have no plans to go to Washington, and no plans to leave Houston or Enron.
I can say categorically that I won't be taking a job in a Bush cabinet," Lay
said in an interview.
Lay also put to rest rumors that the company has made enormous unexpected
profits this quarter trading natural gas in the western U.S.
"We've done well there, but it's been a good quarter for us in all our areas
across the country. We are happy with the 35-cents estimate for the quarter
that Wall Street has at the current time," Lay said.
Some gas traders have said that Enron has been the biggest beneficiary of the
sharp rise in gas prices in the West the past three months. Spot prices for
natural gas in California peaked at $67 per million British Thermal Units
Monday, about 20 times the spot price a year ago.
Jeffrey K. Skilling, currently Enron's president and chief operating officer,
will replace Lay as chief executive and retain his current titles.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com


gerald,,

attached are the changes per Nelson for Riceland Ralco deals processing language:

See if this works for you.  If so, please lets send these out.  I can do this if you want.
just let me know.  lisa

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Monday, November 26, 2001 5:54 PM
To:	Ferries, Nelson; Hesse, Lisa
Cc:	Wallumrod, Ellen
Subject:	Processing Language

For your review, attached is a draft of the processing language for Riceland Ralco.  Please provide any comments you may have.


you started it, sorry

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 1:10 PM
To:	Maggi, Mike
Subject:	RE:

you just don't quit do you?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 1:07 PM
To:	Nelson, Michelle
Subject:	RE:

you might kick me

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 1:03 PM
To:	Maggi, Mike
Subject:	RE:

i should!  i'm talking to caroline.  that's why i didn't answer.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 1:02 PM
To:	Nelson, Michelle
Subject:	RE:

you dont scare me

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 12:59 PM
To:	Maggi, Mike
Subject:	RE:

what?  what did i do?  i'm about to come up there and kick your butt!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 12:57 PM
To:	'Nelson, Michelle'
Subject:	RE:

you wrer the one that got nasty

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 12:52 PM
To:	Maggi, Mike
Subject:

why are you being mean?


When: Monday, August 27, 2001 4:00 PM-5:30 PM (GMT-06:00) Central Time (US & Canada).
Where: 49C3

*~*~*~*~*~*~*~*~*~*

The focus of this meeting is to identify key issues we face in being able to physically delivery power to retail load in the areas listed below--what does EPMI need to do to facilitate this?  Have we completed the necessary steps with the Utilities?  Licenses?  What needs to be done to get a transmission agreement in place for designation of a TSA?

These existing load figures are based on all customers, actual economics based on utility standard offers will dictate what percentage is economically viable to take physical.  The initial need for CG&E will be getting the transmission agreements in place to be able to designate a TSA (transmission scheduling agent).

Utility	State	Wholesale Market	Physical Start Date	New Load	Existing Load
CG&E	OH	ECAR - MISO	Dec 2001	Up to 25 MW Peak	5 MW
Illinois Power	IL	MAIN - ARTO	Jan 2002	None	75 MW Peak
ComEd	IL	MAIN - ARTO	Mar 2002	Up to 25 MW Peak	200 MW Peak (earliest Jun 2002)
Columbus Southern (AEP)	OH	MAIN - ARTO	Apr 2002	Up to 25 MW Peak	Minimal


---------------------- Forwarded by Ginger Dernehl/HOU/EES on 03/02/2000
12:27 PM ---------------------------

Allison Navin@ENRON
03/02/2000 09:32 AM

To: Ginger Dernehl/HOU/EES@EES
cc: Cynthia Sandherr/Corp/Enron@ENRON
Subject: Enron comments on Barton bill

Ginger - Attached are Enron's finalized comments on the Barton bill.  Would
you please forward to all the folks in Rick's group and include Steve Kean?
Many thanks.


Ken,

In my pre-Enron life, I taught history (years and years ago).

Recently, while culling files in preparation for moving from EB to 3AC,  I
came across a pamphlet about the origins of the Transwestern Pipeline Company
and found it very interesting - for the second or third time.

In particular, I am impressed by the vision these pioneers had.  My concern
is that our Enron preserve some record of those early people and days of the
entities that make up the bigger Enron.  They were awesome.

In another pre-Enron segment of my life, I worked for a rare and out-of-print
book dealer.  One of the collections we worked hard to accumulate and then to
sell as a collection was a group of business histories.  The collection was
snapped up the first month we put it on the market.  Great business stories
go on and on being researched by and inspiring new generations of
entrepreneurs.

Not having practiced my craft as historian for many years, I am no longer
familiar with the important names in historical writing (except for popular
historians such as Stephen Ambrose).  If Enron doesn't already have a
historian, we need an established writer of substantial stature - someone
whose produced work would reach a lot of people.

Maybe someone from the Rice University staff could point the way?  Or, maybe
even someone from Rice has the qualities needed to produce an exciting
history of Enron.

Because ours is such a great story, I would like to see a project such as
this pursued.  I would like to know what you think about this suggestion.

Thanks for letting me send this your way.

Vera Jones, ETS Project Control


IM-CENT-MID
INTRA-CNT-GULF
INTRA-NGPL-STRG
INTRA-CNT-MKT
INTRA-CNT-MKT2
INTRA-CNT-TRANS
INTRA-PARKLOAN
INTRA-GD-TRANS
INTRA-CENTRAL
INTRA-CNT-NEW


I know, I know....she booked the flight right after we all got off the phone.  The final blow, her ticket was about $30 bucks less than mine (Continental is evil).  Oh and by the way, I think she may be on your flight back to H-town on the 12th...maybe you can switch your seats to be next to each other!  Regardless, still think it's going to be fun and the economics definitely improve with more people.  She does want to visit with some of the Enron people so get ready for a cat fight over precious little niklaus.  I figure at least one of the days she's gonna want to see work people so we'll just get some market shopping in then (and don't forget we'll have to escape to discuss my last escapade).  Anyway, like I said...still thinks it's going to be a good trip.  Let me know what you think about the Italy trip after you have a chance to look...Lisa and I have both been to Salzburg, but I don't think either of are opposed to going back.  The town is adorable and there are scenic vistas, not to mention sausage and beer.

Ciao,
Sue

 -----Original Message-----
From: 	"Emily Hillegeist" <ehillegeist@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Emily+20Hillegeist+22+20+3Cehillegeist+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Sunday, May 20, 2001 8:05 PM
To:	sscott5@enron.com
Subject:	@%$$@!!!

ok- we lose.  didn't know what to do- she was like a little terrier chewing
on my sock and would not let go.  she insisted on waking you up and MAKING
OUR PLANS!  yippee.  ok- am going to try to be upbeat.  haven't actually
traveled with lisa, maybe is not bad.  but will say this:  am NOT blowing my
stock $ savings from last 7 yrs to be bullied into shitty vacation.  i guess
she's staying w/ me- funny, she never asked.  assumed that it was ok to put
potentially 5 people into 300 sq. foot flat.  sorry- don't want to get
huffy, but was really looking forward to this, and you KNOW if the shoe was
on the other foot and she had another A&M friend coming to visit and then i
tried to descend, it would not be a warm welcome.  am imagining YOUR living
room, minus matt, ......in london.  ok, done.  will try to look up more
stuff on italy tomorrow, but honestly don't care- would just like to go
somewhere pretty and not big-city-like where there are not too many sight
seeing opportunities i will feel obligated to participate in.  maybe
dividing room rate by 3 will allow for a fancy-schmancy hotel
room....positive thoughts, positive thoughts...try to call/email later.
e
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


See attached.  Both group and individual on same doc.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Please note that tag number 11863 was canceled and 11870 has been created in
it's place.

Thanks,
Stacy
---------------------- Forwarded by Stacy Runswick/PDX/ECT on 11/17/2000
03:08 PM ---------------------------
   Stacy Runswick                11/17/2000 11:43 AM

To: Portland Shift
cc: John M Forney/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Lisa Gang/PDX/ECT@ECT

Subject: ATTENTION!! Possible Derate on the Devers line for Monday Nov. 20th

It was rumoured by Reliant that there is a possibility the Devers line will
derate on Monday, Nov. 20th.  AZPS was unable to confirm this rumour and
stated that they will post the information on their web site Saturday, Nov.
18th.  We think the Devers line will be derated on Monday hrs. ending 10-16.
There has been no word about the N. Gilla line.  Because this rumour could
not be confirmed, we had to schedule as normal for that day.  For your
convenience I have supplied a list below of all the TAGS I have done for PV
Heavyload on Monday that may be effected.   Good Luck.

Stacy

EPMI TAG NUMBERS


CALENDAR ENTRY:	APPOINTMENT

Description:
	EB31c1 - Model's Project Mtg.

Date:		3/13/2001
Time:		2:30 PM - 3:30 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:

Blanca (Beth Apollo57688)


Hey Everyone-

I've just won an all-you-can-drink happy hour at Have a Nice Day Cafe!  Come this Friday between 8 and 10, mention that you're with Matt Commons, and you'll get free beer, wine and appetizers.

Have a Nice Day Cafe is next to Bar Houston in Bayou Place (see attached flyer for details).  It has a 70s/80s theme, and was nominated for the "Best Singles Scene" in Houston!  Plus, after 10:00 you can get into Bar Houston for free.

Hope to see you there...

Matt

Matthew Commons
Enron Global Markets- Freight Fundamentals
matthew.commons@enron.com
+1 713 345 1720
+1 713 480 6034 (cell)

-----Original Message-----
From: HANDHouston@aol.com [mailto:HANDHouston@aol.com]
Sent: Thursday, October 11, 2001 2:26 PM
To: Commons, Matthew
Subject: Happy Hour Invi


458406
bob
should be off peak

458733
chris m
not there deal


I've got a 5 pm meeting so i will not be back to my desk by 6.

ckl

-----Original Message-----
From: Culotta, Lindsay
Sent: Thursday, August 09, 2001 1:51 PM
To: Landry, Chad; Brady, Edward; Murray, Kevin; Hopkins, Stephanie; Taylor, Michael E; Savvas, Leonidas
Subject: RE: SEC KICK-OFF SOCIAL AUGUST 9th

i have happy hour for a guy in our group that is leaving at 4:45 at flying saucer so i could be back here to split a cab around 6 if anybody wants to try to make it for skip.  let me know.
lindsay

-----Original Message-----
From: Landry, Chad
Sent: Thursday, August 09, 2001 1:29 PM
To: Brady, Edward; Murray, Kevin; Hopkins, Stephanie; Culotta, Lindsay; Taylor, Michael E; Savvas, Leonidas
Subject: RE: SEC KICK-OFF SOCIAL AUGUST 9th

i may be up for that b/c i will not be able to leave her til around 6-615 pm.  i want to be there by 630 b/c skip speaks at that time.

ckl

-----Original Message-----
From: Brady, Edward
Sent: Thursday, August 09, 2001 1:27 PM
To: Murray, Kevin; Hopkins, Stephanie; Culotta, Lindsay; Taylor, Michael E; Savvas, Leonidas; Landry, Chad
Subject: RE: SEC KICK-OFF SOCIAL AUGUST 9th

I'm going but I may not get  off till about 6-6:30, 7 if anyone is working then and wants to split cab

ext 35209

-----Original Message-----
From: Murray, Kevin
Sent: Thursday, August 09, 2001 1:25 PM
To: Hopkins, Stephanie; Brady, Edward; Culotta, Lindsay; Taylor, Michael E; Savvas, Leonidas
Subject: FW: SEC KICK-OFF SOCIAL AUGUST 9th
Importance: High

-----Original Message-----
From: Landry, Chad
Sent: Thursday, August 09, 2001 1:22 PM
To: Lalji, Farouk; Murray, Kevin; Blanchard, Timothy; Taylor, Mike
Subject: FW: SEC KICK-OFF SOCIAL AUGUST 9th
Importance: High

I am up for this 2-night.  I called Ruggles and they said that it is legit.  They are expecting abuot 400 people.  Should be fun.  Fwd this on.  Who is going????

CKL
-----Original Message-----
From: Landry, Chad
Sent: Wednesday, August 08, 2001 12:18 PM
To: Murray, Kevin; Plauche, Stephen; "M <mmitchm (E-mail); Caroline Straatmann (E-mail); Corinnegiacobbe (E-mail); Dana <danamel (E-mail); Jacques Peltier (E-mail); 'harrisp@fleishman.com'; Jill <jilallen (E-mail)
Subject: FW: SEC KICK-OFF SOCIAL AUGUST 9th
Importance: High

Could be fun.

CKL

An alliance of all 12 SEC Alumni Clubs, called The SEC Clubs of Houston, has scheduled a night of bragging and socializing:

SEC KICK-OFF SOCIAL
Thursday August 9, 2001
Ruggles at Enron Field, Center Field patio area
Beginning at 5:30 PM till...

Special Guest:

Skip Bertman
LSU Athletic Director and recently retired LSU baseball coach

See attached flyer (acrobat reader, .PDF file required)
To get acrobat reader free download from:   <http://www.adobe.com/products/acrobat/readstep.html>

Happy hour drink prices and selected 1/2 price appetizers all night.

$5 cover per person.
Money goes to cover the cost of facility use (approx $3), pay our few expenses, and the rest will be split evenly among the participating SEC Clubs for use in our scholarship or Philanthropy funds.

Raffle, $1 per ticket for SEC paraphernalia.
We will also have a live auction for an official SEC football autographed by all 12 SEC football coaches.

NO RSVP REQUIRED.
WOULDN'T IT BE A SHAME IF GEORGIA, OR TENNESSEE, OR AUBURN, OR...ANY SCHOOL (other than LSU, They have a large local club of 600) to have a larger crowd in attendance than THE HOUSTON GATORS.  This is an opportunity for THE HOUSTON GATORS to show other Houston Area SEC Clubs how proud we are of THE FLORIDA GATORS.

LSU is expecting 200, Miss St 100, Vanderbilt 10, Florida....well I told them we should see 50-75 in attendance.  It sure would be GREAT TO BE A FLORIDA GATOR, SAY IT'S GREAT.., Sorry I got too excited, It sure would be great if we could have 500 Houston Area Gators in attendance.

WEAR YOU GATOR COLORS...SHOW OUR SPIRIT!

Tentative schedule of events:
5:30 - 6:30 Social hour
6:30 - 7:00 Skip Bertman
7:00 - 7:30 Raffle drawings (must be present)
7:45 - 8:00 Football auction
8:00 - till  eat, drink, and BE PROUD TO BE A GATOR

We are expecting TV and radio coverage.

The primary purpose of The SEC Clubs of Houston is to promote the SEC and our Alumni Clubs around the Houston area.
We have sent a letter to to Houston Chronicle requesting additional coverage of SEC sports.  We believe as a group we have more power to affect change.

Go Gators!!
Rob 'Gator' Dotson
President
Houston Gator Club

Florida Gators
1996 Football National Champions
1991, '93, '94, '95, '96, 2000 SEC Football Champions
1999 SEC East Football Champions
1984, '85, & '90 Best in the SEC - Football
1994 Men's Basketball NCAA Final Four
2000 Men's Basketball NCAA Championship Game
1998 Women's Soccer National Champions
Three NCAA Women's Tennis Championships (1992, '96 & '98)
Six National Women's Indoor Tennis Championships (1988, '91, '92, '96, '97 & '99)
Six undefeated Women's Tennis regular seasons (1987, '91, '92, '96, '97 & '98).
----- Original Message -----
From: Rob 'Gator' Dotson <mailto:gatorrob@swbell.net>
Sent: Sunday, April 22, 2001 9:15 PM
Subject: REPLY REQUESTED BY April 29th - Houston Gator Club

I need your input...

The SEC Clubs of Houston (an alliance of all SEC alumni clubs in the Houston area) is planning an event for August 9, 2001.  This event, SEC Kick-Off Social, will invite all SEC clubs in the Houston area, members, friends, guests, etc. to come to Ruggles at Enron Field to socialize and brag (lie in some cases).

To determine an estimate of the number of attendees we are polling our membership to estimate the number of people from each club which would be interested in attending.  THIS IS NOT IN ANY WAY A BINDING RSVP.  Just an estimate to determine if Ruggles at Enron Field will be big enough.

So, if you would be interested in attending, please reply ASAP.
If you are not interested please reply also....
I send out a few reply requests and receive very few replies...I wonder if anyone is really out there.....

There is not a baseball game at Enron Field that night.

We hope to have an SEC football autographed by all 12 SEC head coaches for auction.

I would hope we could represent the Houston Gator Club and The University of Florida well.  Florida is the third or fourth largest club in the area (behind LSU, Miss St, and Ole MIss) so I would hope to show up strong.  LSU figures to have 150-200...

Go Gators!!
Rob 'Gator' Dotson
President
Houston Gator Club

Florida Gators
1996 Football National Champions
1991, '93, '94, '95, '96, 2000 SEC Football Champions
1999 SEC East Football Champions
1984, '85, & '90 Best in the SEC - Football
1994 Men's Basketball NCAA Final Four
2000 Men's Basketball NCAA Championship Game
1998 Women's Soccer National Champions
Three NCAA Women's Tennis Championships (1992, '96 & '98)
Six National Women's Indoor Tennis Championships (1988, '91, '92, '96, '97 & '99)
Six undefeated Women's Tennis regular seasons (1987, '91, '92, '96, '97 & '98).


I'm sorry, I thought that you would remember that this is one of the
Chicago/People things, since we recently discussed Jones, Day,, etc. My bad.

Kay

From: Suzanne Adams@ECT on 01/24/2001 04:52 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Enovate, LLC Invoice

Kay, is this Enovate invoice one of Sheila's deals (it's not on her list)?  I
need to know who to charge it to.  If you will please note on the invoice
what it needs to be charged to and who should approve it, I'll get it coded.
If it's Barbara's deal, then I'll give it to her assistant to take care of
it.  It's always something isn't it????


Buy Apache  #384247
Buy Williams 384237
Sale Tenaska 384258
Trans Capacity Lone Star 452491&452475

Spot sales will be on various tickets throughout each month.  Deals are under
the Cleburne Intramamonth Position in Sitara.

D


Start Date: 3/3/01; HourAhead hour: 23;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030323.txt

---- Generation Schedule ----
+++ Hour 23 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 3/3/01
  UNIT_ID: MARTEL_2_AMFOR

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 23 / Preferred:  67.15 / Final:  66.94)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 3/3/01
  SC_ID: EPMI


Bryant,

Here is the information.

Majed Nachawati
Enron North America
Legal Department
1400 Smith Street
Houston, Texas 77002
Majed.Nachawati@enron.com
713-345-2722 DD
713-646-3393 Fax
----- Forwarded by Majed Nachawati/NA/Enron on 06/06/2001 10:48 AM -----

	Majed Nachawati
	06/05/2001 04:54 PM

		 To: bdixson@kgas.com
		 cc:
		 Subject: Sample GISB and ENA Special Provisions and Sample Master Firm
Agreement

Brad,

My name is Majed Nachawati, and I am working with Debra Perlingiere on
putting a Master and GISB in place with Kansas Gas Co. I have attached
Enron's sample Master Firm agreement and GISB sample. The forms attached
hereunder do not represent actual contracts or agreements, and are for
negotiation purposes only.

Please let us know if you have any questions or comments.

Best Regards,

Majed Nachawati
Enron North America
Legal Department
1400 Smith Street
Houston, Texas 77002
Majed.Nachawati@enron.com
713-345-2722 DD
713-646-3393 Fax


Here's what Delta would like in the Salmon break out contract.  How does it
look to you?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 03:02
PM ---------------------------

"Richard Vicens" <rvicens@deltapower.com> on 04/19/2001 03:12:54 PM
To: <Stephen.Thome@enron.com>, <kay.mann@enron.com>, <CCampbell@KSLAW.com>
cc: "Lang, Gregory F." <gregorylang@paulhastings.com>, "PARKER, Isabel"
<isabel.parker@freshfields.com>, "Anthony Harrington"
<aharrington@deltapower.com>

Subject: GE Turbine Contract Insertion Language

 - Adjustment Language.DOC


What did you think of this guy?  I'm probably going to add some slots to our interview schedule and schedule some people for the slots.

Michele Nezi Marvin
Enron Principal Investments
713.853.6848

-----Original Message-----
From: Lebeau, Paul
Sent: Friday, October 19, 2001 5:09 PM
To: Marvin, Michele Nezi
Subject: FW: Enron Associate Program Application - Aditya (Edward) DIVGI
- Wharton MBA 2002
Importance: High

Michelle,

Here is the Candidate that Shankman talked to on Wednesday night.  Take a look and see what you think.

Thanks -=- Paul L.

-----Original Message-----
From: Divgi, Aditya [mailto:adityad@wharton.upenn.edu]
Sent: Friday, October 19, 2001 4:05 PM
To: Lebeau, Paul
Subject: Enron Associate Program Application - Aditya (Edward) DIVGI -
Wharton MBA 2002
Importance: High

Dear Mr LeBeau:
How's it going? Thank you for returning my call today. As you may remember, I met you, Mr Shankman, Ms Leibman, and Ms Li Sun at Cavanaughs with Matt Commons on Wednesday October 3rd.

During that meeting, Mr Shankman suggested that I visit Enron down in Houston in the next few weeks. As I have not been placed on the closed interview list at Wharton, I was wondering if I could conduct the interview process while in Houston? Please see my updated resume attached for your review.

Please let me know if this would be possible. I am still very interested in obtaining a full-time position in the Associate Program at Enron.

Kind regards,
Edward Divgi

Attachment: Resume

 <<Resume - Aditya (Edward) DIVGI - Wharton MBA 2002.doc>>


Lee/Kent,

Please confirm that GE's originals of the documents they signed should be
sent to:

Lee Johnson
GE Packaged Power, Inc.
P. O. Box 4414
Houston Tx  77210-4414

Thanks,

Kay


We pushed some option deals through the test environment.  Could you please
look at the following deals in Tagg Stage.

132456 underlying swap
132455 call option  I know the volumes on the swap look outragous on these
swaps, but that is fixed now.
132458 underlying swap
132457 put option

132922 call option
132924 call option

I am attaching the transaction summary for your review.  Call me with any
questions or if you need to know the option criteria.


What parties are you going to.  I've got two parties and a band I want to see.  Cabs are too expensive.  Figure out where you guys want to go and then let's talk.  What are you going as, hopefully cat woman in a skin-tight cat suit.  So you better pad your bra!

-----Original Message-----
From: lisab [mailto:lisab@int.iwhm.com]
Sent: Wednesday, October 24, 2001 10:31 AM
To: Lucci, Paul T.
Subject: halloween

Update!  Jeff the DUI guy wants to party, so no go on the driving.  Like I guessed, Nat and Lorena are going to pass on the limo.  So, taxi is probably the best bet.  We're meeting at Nat's place in the early evening to "get ready" and then planning to hit the bars and maybe a couple of parties.  Are you going to join us?   Do you know of anything going on?


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Our counsel has provided these drafts of the project documents.  Please
review.  We also anticipate sending out the turbine contracts later today.

Please be advised of our timeline.  Since we need to fund escrow by Wednesday
21 March, it is imperative that we are able to sign these documents on Friday
16 March.  It is our assumption there will be some lag between the obligation
to fund escrow and the actual transfer of funds.

Your comments to these documents are expected by Friday 9 March.

I also want to mention that Enron initiated the additional purchase of Power
System Stabilizers, which cost $31,675 per turbine.  PSS are required in the
WSCC.  If you desire this optional equipment, please reflect that cost in
your final bid.

Steve Thome

503-539-2340
---------------------- Forwarded by Stephen Thome/HOU/ECT on 03/07/2001 10:38
AM ---------------------------


Password Deletion

It has been noted that many users have passwords which match or are similar
to their User ID's for internal EnronOnline applications (Stack Manager,
Product Manager, EOL Reports).

This is a significant security concern. Therefore, there will be a sweep of
ID's and passwords at the end of the day on Thursday, April 5. Any User ID's
which have passwords similar to the User ID will be subject to deletion.

Changing Your Password

Passwords can be changed in either the Stack Manager or in EOL Reports.

To change your password in the Stack Manager, once logged on, go to toolbar &
select "Help" and then select "Change Password".
The system will request you to enter your NEW password twice.

To change your passsword in EOL Reports, open the Reports application, log
in, select "Options" and "Change Password".The system will request you to
enter your NEW password twice. Please note that the password change
functionality within the Reports application is new. If it does not appear on
your menu and you are running on a standalone machine, you will need to
logout at the windows level and then login again to receive the updated
version.

If you have any questions, please call the EnronOnline Help Desk (Houston:
713 853 4357,  London: + 44 20 7783 7783)

Thank you for your assistance in preserving appropriate security.

Dave


Can y'all help me get the document below signed by an officer of ECC and
return the originally signed document to me.  I will send them all out
together back to the counterparty.  FYI-Andy Zipper is second in command to
Louise Kitchen for EnronOnline.  Thanks for your help!
----- Forwarded by Tana Jones/HOU/ECT on 10/13/2000 08:24 AM -----

	Andy Zipper@ENRON
	10/12/2000 05:44 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: IntercontinentalExchange, LLC

Tana,
Can you please have ENA, EPMI, and Enron Canada Corp. each sign a copy of the
participant agreement attached below for the Intercontinental Exchange. When
signed please return them the fax number listed and let me know when they
have gone out. I got Mark Taylor's okay on this.
Let me know if you have any questions.
Andy
---------------------- Forwarded by Andy Zipper/Corp/Enron on 10/12/2000
04:52 PM ---------------------------

Duuna Richardson <duuna.richardson@intcx.com> on 10/05/2000 11:54:52 AM
To: "'Andy.zipper@enron.com'" <Andy.zipper@enron.com>
cc: Rafe Pirutinsky <rafael.pirutinsky@intcx.com>

Subject: IntercontinentalExchange, LLC

>  Dear Andy,
>
>  Per Rafael Pirutinsky of Intercontinental, attached is some
> additional information about The ICE.
>
>  First, is an electronically executed copy of our Participant
> Agreement signed by each customer and our Service and Pricing Schedules.
> If you have any questions,  please call Chuck Vice at 770.738.2129.  If
> not, you may execute and return a copy to Chuck's attention at the address
> below at your earliest convenience.
>
>  Also attached is our Customer Information Packet which contains a
> functional and technical overview of our trading system, The ICE, as well
> as instructions for downloading the application and requesting access as a
> Demo User.  If you have any questions regarding this packet, please call
> the ICE Helpdesk at 770.738.2101.  They can answer your technical
> questions or have an appropriate technology representative speak with you.
>
>  Thank you for your interest.
>
>  Regards,
>
>  Duuna Richardson
>  IntercontinentalExchange, LLC
>  2100 RiverEdge Parkway, Suite 400
>  Atlanta, GA  30328
>  Tel:    770.738.2137
>  Fax:   770.951.5481
>  ---------------------------------------------------
 <<Participant Agreement 080200.doc>>  <<Service and Pricing Schedules.doc>>
 <<Customer Information Packet.doc>>

 - Participant Agreement 080200.doc
 - Service and Pricing Schedules.doc
 - Customer Information Packet.doc


Mike, Louis, and Drew,

This follows up on my e-mails to you and my conversations with Mike about
this subject.  We want to make sure that you are not caught in a year-end
problem if you want to get the usual December estimates for Unit bills.
Unfortunately, as Becky indicates, if we do not receive your instructions
regarding this by December 12 at the very latest, then it will be too late
for us to do what you want.

I assume that if you want December estimates, you will also want them from
outside counsel.  Last year, it took a good deal of time to get those
estimates from the attorneys representing your (and other Enron entities')
interests in the Grynberg/Quinque cases.  I have received no instructions
from you with regard to these or any other outside counsel.

We greatly value our representation of the GPG and want to help in any way we
can.  Please let us know what we can do.

Britt

----- Forwarded by Britt Davis/Corp/Enron on 12/04/2000 03:54 PM -----

	Becky Stephens
	12/04/2000 03:42 PM

		 To: Britt Davis/Corp/Enron@ENRON
		 cc:
		 Subject: Unit billing for year-end

Britt, I am finalizing the Unit billing schedule for December and I need some
information.  We will be sending out the bills for the November time on
December 14th.  After that, we will issue another billing for December 1 - 14
time.  Those bills will go out the last week of December.  If the GPG wants
to have estimates for the remainder of December time, then we need to know
that by December 12th, at the very latest.  Please let me know their wishes
as soon as you find out.  Thanks, Becky

Becky A. Stephens
Litigation Unit, Enron Corp.
713/853-5025
713/853-6576 fax
EB4809


This week, the wellhead desk has done more than 150 deals.  We need to
discuss adding a headcount (maybe 2),  as originally we were just integrating
the book with the daily business.  At the current pace,  this is no longer an
option.  Bob,  will this require an additional headcount for logistics as
well?  And,  who needs to sign off on this on the commercial side?

Thanks for your help,

JG


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/27/2000 02:54
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  djenergy <djenergy@dowjones.com>                           10/31/2000
01:29 PM

To:
cc: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>, "Onukogu, Ernest"
<Ernest.Onukogu@dowjones.com>
Subject: DJ Palo Verde Electricity Price Index

 - Palo.xls
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/27/2000 02:54
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  djenergy <djenergy@dowjones.com>                           10/31/2000
01:28 PM

To:
cc: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>, "Onukogu, Ernest"
<Ernest.Onukogu@dowjones.com>
Subject: COB

 - Cob.xls
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/27/2000 02:54
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  djenergy <djenergy@dowjones.com>                           10/31/2000
01:29 PM

To:
cc: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>, "Onukogu, Ernest"
<Ernest.Onukogu@dowjones.com>
Subject: DJ Mid-Columbia Electricity Price Index

 - MidC.xls
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/27/2000 02:54
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  djenergy <djenergy@dowjones.com>                           10/31/2000
01:28 PM

To:
cc: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>, "Onukogu, Ernest"
<Ernest.Onukogu@dowjones.com>
Subject: MeadMarketplace

 - MeadMktplace.xls


we will look fwd to it

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 01/09/2001 09:53:39 AM
To: Eric.Bass@enron.com
cc: KATHY BASS <daphneco64@bigplanet.com>
Subject: Re: Re:

Good morning. How about Sat. night, @ Cafe Natalie. Wonderful food, cheap.
Atmosphere is ??? We like it. It is near our home. Say 6-6:30? Mother needs
to make reservations. Let us know ASAP.-L

----- Original Message -----
From: <Eric.Bass@enron.com>
To: <lwbthemarine@bigplanet.com>
Sent: Monday, January 08, 2001 8:09 AM
Subject: Re:

>
> Hey Dad,
> We would love to meet ya'll for dinner.  Just let me know when. The only
> night we can't is Friday.
>
> Love,
> e
>
>
>
>
> "Larry W. Bass" <lwbthemarine@bigplanet.com> on 01/07/2001 08:18:22 PM
>
> To:   eric preston bass <Eric.Bass@enron.com>
> cc:
> Subject:
>
>
>
> Good evening Son. Seems like forever since we have  talked. Hope your week
> was good and next week is better. Lets get together for  lunch or dinner
> next week. Stay in touch. Love  you-Dad
>
>
>
>


1.  Calpine/PG&E--We are definitely going to need your accounting memo by
tomorrow.  Calpine contacted me yesterday for an update.

2.  Fuel Cells Deal--If ENA executes a purchase order with a fuel cell
manufacturer and from the purchaser's perspective, that purchase order is
contingent upon 1) a government agency raising a certain amount of funding
and 2) a government agency accepting full assignment of the purchase order,
will signing the purchase order create any balance sheet issues to ENA?


Thanks for the resume: however, we are not in the market for a litigation
paralegal.

	Toni Graham@ENRON
	10/12/2000 07:41 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Legal Assistant Resume

Richard,  I work with Norma Villarreal in supporting the recruiting efforts
for the Legal group.   Attached is a resume of a Legal Assistant that we came
across while trying to recruit her husband.     Please contact if interested.

Thanks
Toni Graham
ENA Human Resources.

 - MB's Resume.doc


Debra & Dan -

Attached is a worksheet for a new Master Physical, with Hanover Compressor
Company.  Kim Ward (ext 30685) can provide you with the name/email address of
the contact at Hanover.  Please prepare a draft and send out at your earliest
convenience.

Please copy Kim and me on your email.

Thanks,

Jay


Brent:  Could you please handle in my absence?  Laurel I'll be back on
Wednesday, Nov. 22.  SS
----- Forwarded by Sara Shackleton/HOU/ECT on 11/17/2000 01:15 PM -----

	Laurel Adams
	11/17/2000 12:16 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Cross currency swaps with Enron Corp.

Shane Dallman has traded 2 large custom cross currency swaps with Enron
Corp.  Could you please review these confirms and let me know if we need to
make any changes.

Deal tickets have been faxed.  Thanks!


Mark - Enron Canada is contamplating submitting a response to OEFC's request
for proposal ("RFP") which seeks to acquire services of a contract manager to
assume responsibility for the day-to-day management of OEFC's non-utility
generation ("NUG") contracts.   Essentially it will be a 3 year services
arrangement whereby Enron Canada contract administration and management
services.

We intend to make a response to the RFP which is binding as to price and
services; however, the response will be non-binding with respect to
contractual terms.  Our response will also include a significant commentary
on the RFP's proposed contractual terms and conditions.

As this is a services arrangement which does not involve any capital outlay
it is my understanding that a DASH is not required.  Also, until we are
either selected or short listed and the negotiations progress, I am holding
off preparation of the legal risk memo.  Please advise if you think there is
a need for either a DASH or a risk memo prior to our submission of a response
(which is due October 6, 2000).

I will keep you advised as this transaction progresses.

Regards
CJG


Good Monday Morning to all!

Samantha Boyd will be out of the office this morning, and will return again
tomorrow morning.  Should anyone need to contact her, I am able to do so.
Feel free to contact me at  x5-3317,  should you need any assistance.  Thank
you for your attention to this matter.  Regards, Keegan Farrell


Dear Colleagues:

Here is the final version of the Manifesto.? Many of you have indicated to us
either by e-mail or verbally that you are supporting and that you would
endorse it, i.e., we will attach your name to this document.? Please
reconfirm by e-mail to both of us.

Pablo Spiller and David Teece

 - Manifesto-final version_with modifications1.doc
======================================
David J. Teece, Director
Institute of Management, Innovation and Organization
F402 Haas School of Business #1930
University of California, Berkeley
Berkeley, CA  94720-1930
Phone:  (510) 642-1075
Fax:  (510) 642-2826
http://haas.berkeley.edu/~imio
======================================


---------------------- Forwarded by Scott Hendrickson/HOU/ECT on 05/15/2001 03:10 PM ---------------------------

Scott E Hendrickson
09/14/1999 10:06 AM
To:	Julie A Gomez/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, bruce.s.grant@lmco.com, Scott E Hendrickson/HOU/ECT
cc:
Subject:	Pictures

This may take a while to download.....

Scott


Daren,

FYI.

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 08/23/2000 04:51
PM ---------------------------

Vance L Taylor
08/23/2000 04:46 PM
To: Robert Cotten/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT
Subject: September Production Estimate

Bob,

Please see the attached file estimating wellhead production for the month of
September.  Please be advised that this is a preliminary estimate as to this
date, we have received only a few noms for September.  I will update you with
any revisions as they occur.

Thanks,

vlt
x3-6353


Alright last e-mail:

We got clarification on the rooms.  The Pkg deal stays the same but if you want to get just the room with 2 breakfasts each day it is $79/night - if you want the Premium Room ( the only difference is that the Premium room has jets in the tub) then it is $103/night with no breakfast $115/night with breakfast.


Note: forwarded message attached.

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     Today's Classic Top5:  Words That Sound Dirty But Aren't
         Read it on our website:  http://www.topfive.com
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                          March 7, 2001

             The Top 14 Answers from the Magic 8-Ball

14> Palm Beach County voter: "Can you make Al Gore the next
       president?"
    8-Ball: "Yes!  Mr. Buchanan will be the next president."

13> Al Gore: "Can I trust an 8-Ball to answer all my questions?"
    8-Ball: "Hell, yes -- you invented me!"

12> Guilt-ridden, Jewish son of the 8-Ball: "I'm going to play
       some Snooker with the fellahs, okay, Ma?"
    8-Ball: "Answer hazy -- I'm probably not having a stroke,
    though.  Enjoy yourself.  I'll be fine in the dark by myself."

11> Pete Rose: "Will I ever be admitted to the Baseball Hall of
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    8-Ball: "Don't bet on it.  BWA-HA-HA-HA!!"

10> Warren Christopher and James Baker: "Where will we be going
       next?"
    8-Ball: "Madame Tussaud's, for a touch-up."

 9> Chris White: "Will this list suck?"
    8-Ball: "Umm... is that a new shirt?  It looks great on you!"

 8> Adam Sandler: "Will I ever be taken seriously as an actor?"
    8-Ball: "Gimme a break.  Go play with your money, dumbass."

 7> Al Gore: "What is Florida orange juice made from and what
       should I do in 2004?"
    8-Ball: "Concentrate and try again."

 6> Santa Claus: "This year, will I get cookies or nookie?"
    8-Ball: "Have another Chips Ahoy, Tubby."

 5> Robert Downey, Jr.: "Does prison sex involve more cuddling
       than it did three months ago?"
    8-Ball: "My sources say, 'Bend over, pretty boy.'"

 4> Jack Nicholson: "Will Lara Flynn Boyle and I ever get back
       together?"
    8-Ball: "YOU CAN'T HANDLE THE TRUTH!!!"

 3> Kid Rock: "How many minutes of fame do I have left?"
    8-Ball: "Let me get you Vanilla Ice's phone number."

 2> Britney Spears: "Am I pregnant?"
    8-Ball: "Probably, you little slut."

  and Topfive.com's Number 1 Answer from the Magic 8-Ball...

 1> Dick Cheney: "Will my heart be strong enough to carry me
       through the next 4 years?"
    8-Ball: "My sources say... BOO!!!"

              [  The Top 5 List   www.topfive.com  ]
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            Sometimes I wish I was a woman, because I
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Start Date: 3/6/01; HourAhead hour: 7;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030607.txt


I checked the boat and it is 17 ft, 7 in. long, it is a Capri model # 1750CH,
it has a am/fm cass.  The motor is 3.0L MerCruiser Alpha Sterndrive (135 hp)


Dick,

This is the presentation Steve would be using on Monday.  I called you to coordinate but there was no answer at your office.  Could you please confirm me that you received this message and that the presentation would be up and running on Monday?  Steve will have a backup with him just in case. Please, do not print, forward or distribute copies of this presentation since it is against our company policies. Thanks in advance.

Best regards,

Ursula Brenner
ENRON CORP.
+1(713)345-3787

This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law. If you are not the intended recipient, you should delete this message and are hereby notified that any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited.

"Dick O'Neill" <rpon@bellatlantic.net> on 06/12/2001 04:45:35 PM
Please respond to <rpon@bellatlantic.net>
To:	<skean@enron.com>, <Ursula.Brenner@enron.com>, <Maureen.McVicker@enron.com>
cc:

Subject:	Highlands Forum information

Dear Steve--we are approaching the Secretary of Defense-sponsored Highlands
Forum and very much looking forward to your participation.  I am sending
several attachments to you and Ursula and Maureen regarding the program and
the logistics that are updated from earlier versions.

With regard to the program, we are very pleased that you are going to be
with us to be the centerpiece of our discussion.  Enron's experience is
quite important to us as we seriously consider transformative change in the
Department of Defense.  I have given copies of Dick Foster's new book,
Creative Destruction, to the Deputy Secretary of Defense as well as the
Assistant Secretary, and the Enron case that he outlines makes for important
discussion. We intend to hand out copies to the participants at the Forum.

My thought is that you would give us 15 minutes on transformation in a
competitive environment and some examples of discontinuities that you took
advantage of--also your corporate culture and sense of risk taking (risk is
something that is particularly important to discuss with our defense
leadership).  We are looking to move beyond "cultural lock-in".  You would
be joined on  the panel by moderator Philip Evans of the Boston Consulting
Group, and engage in a discussion with Goran Lindahl, CEO of ABB (Roger
Ackerman called today to apologize, but he will not be able to
attend--evidently a serious family illness is taking him away immediately)
and Dick Foster.  We hope that most of the panel time will be discussion
with each other and the audience, so that our defense leaders can pose
questions to you and drill down on topics of great interest. Phil Condit,
Chairman and CEO of Boeing,  will open Tuesday morning with his remarks on
Boeing's transformation in progress.  I would have had him on your panel,
however he will be at Boeing's annual board meeting on Monday and won't be
able to get to us until late afternoon.  He will be with us for dinner and
then all day on Tuesday.

Regarding logistics, we have your room reserved for you for Sunday and
Monday evenings, June 24-25.  We begin the meeting with a wine and hors
d'oeuvres reception on Sunday from 5-7 PM in the Carmel Highlands at the
private oceanside residence of Bob and Carol Wallyn, our hosts for the first
Forum seven years ago.  Our guest of honor is Congressman Mac Thornberry.
We will be taking shuttle vans from Quail Lodge to the Wallyns as the road
is quite narrow down the cliff and there is very little parking anywhere
nearby.  The vans should depart the Lodge between 4:30 and 5 pm from the
lobby and return at 7.  Everyone is free to make their own dinner plans for
the evening after the reception.

If I have left anything out please let me know.  Looking forward to meeting
you in Carmel Valley.

Best regards, Dick

Dick O'Neill
The Highlands Group
http://www.highlandsgroup.net
301-469-7400
301-469-5878 fax


It is jfbosu@yahoo.com

What are you doing this weekend.  Are you going to the U of O vs UW game?
That should be a really good game.  Did I tell you I saw Carter last weekend?


<http://ste.clickability.com/ste.gif?151|5180|4170|989|989|989|7499646|N|2|>
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Attached for your review are Transwestern's comments to be filed tomorrow on the CPUC's Proposed Decision in the SoCal GIR proceeding.  Please review and comment to either Greg Porter or myself by the end of today.  Thanks gh


Gerald, here is my cut at the calculation. As discussed this needs to be sent to PG&E, Peter.meier@neg.pge.com when we are ready to show them calc.

also, copy steve vanhooser.

BT


FYI

 -----Original Message-----
From: 	Schaffer, Brian
Sent:	Tuesday, November 20, 2001 11:39 AM
To:	McCarty, Danny; Hayslett, Rod; Corman, Shelley; Hotte, Steve; Fossum, Drew; Hartsoe, Joe; Cordes, Bill
Cc:	Batista, Daniel; Fagan, Fran; Hasenjager, Norma; Goetzinger, Marilyn
Subject:	Personal Achievement Awards

All:

	Please let me know if you have any questions regarding the utilization of the PAA Program at this point.

	As noted, the remaining balance is now "pooled", but any requests should be submitted as soon as possible, and no later than 30 November.

Brian

 -----Original Message-----
From: 	Hutcherson, Leesa
Sent:	Tuesday, November 20, 2001 10:21 AM
To:	Batista, Daniel; Carlson, Jim; Crum, Dea; Dodd, Wilford; Dorris, Marsha; Fagan, Fran; Fox, Sherry; Goetzinger, Marilyn; Hamilton, Ivan; Harkreader, Jerry ; Hasenjager, Norma; Pena, Renee; Schaffer, Brian; Scott, Tracy; Southard, Miranda; Vaughn, Ann
Cc:	Domke, Jana; Denby, Michele; Smith, Gary; Perry, Carolyn
Subject:	PAA

As discussed in our staff meeting yesterday, the 2001 PAA Program will end effective December 3, 2001.  Any and all PAA/American Gift Check requests must be received on or before November 30 to allow time for processing.

In addition, the total remaining balance may now be shared by all division heads.  The current balance as of the 11/13/2001is $126,950.00.


The report named: East Power Position <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=16&report_name=East+Power+Position&category_cd=5&category_name=EAST&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/19/2001>, published as of 10/19/2001 is now available for viewing on the website.

(Revision: 2)


I copied deal 226703 to 380492 for Sep forward and changed the counterparty
to New Power.

Robert, The volumes for deal 380492 are included in the FOM citygate sale.
Bookout deal 380492 with 380503.


Start Date: 1/5/02; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010513.txt


Daren and Gary,
I will be at jury duty on Monday.  I hope to be back by this time but you
never know.  Thanks,  Pat

Gail Francis@ECT
01/19/2000 09:37 AM
To: MMccoy3617@aol.com
cc: Pat Clynes/Corp/Enron@ENRON, Samantha Ray/HOU/ECT@ECT, Alexus
Rhone/Corp/Enron@ENRON

Subject: INTERVIEW ITINERARY

Hi Mark, this is your itinerary for Monday.  Please let me know if you have
any questions or conflicts.  Looking forward to meeting you.  Thanks and Good
Luck!


Attached please find the  power credit watchlist dated 04/16/01.  Please
direct any comments/questions to the credit hotline, (713) 853-1803

Please note that the following changes have been made to the watchlist:
 Engage Energy America - Physical and Financial NO TRADES
 Maclaren Energy Inc. - Physical - Call Credit for Approval - Any Trade /
Financial - Call Credit for approval beyond-1 Month

Veronica Gonzalez


Could you get w/ Eileen and let me know 1) which case this is and 2) what is
happening
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 11/11/99
10:38 AM ---------------------------

Eileen Kisluk@ENRON
10/11/99 08:33 AM
To: Philip Crowley/ET&S/Enron@Enron, Richard B Sanders/HOU/ECT@ECT
cc: James P Studdert/HOU/ECT@ECT, Rob Cole/HOU/ECT@ECT
Subject: Recore

Gentlemen:

This lotus note is to advise you that trial in the captioned matter is
scheduled for January 17, 2000 and mediation is scheduled for November 16,
1999.  We have authorized $50,000 in settlement authority.  I have advised
our outside counsel that I am available to attend the mediation.  Dave Howe
told me that he needs to check with the other parties involved as it was his
understanding that only trial counsel are going to attend the mediation.  In
any event, Risk Management will be available by telephone if more authority
is necessary.

I will keep you abreast of all significant developments.

- - EWK


Russell,
 Please review the attached draft of the draft Enfolio Master Firm
Purchase/Sale Agreement which has been drafted based on Exxon's comments as
necessary changes before they will allow the Mobil plant to schedule gas
under the terms of the October 1, 1995 Agreement.  I have merely incorporated
the credit language that was used in the October 1, 1995 agreement into this
agreement and have attempted to make the other changes that Exxon was
requesting.  Question, is the parent company still Mobil Corp. for the
purposes of the MAC.  Do you still agree with the prior credit requirements
as provided in the October 1, 1995 agreement, and if not, please provide me
with your updated requirements as early as possible this morning so that I
can incorporate into the agreement prior to presenting it to them for further
negotiation later today.

Lee,
 Please review the attached so that we can discuss which of their changes
have been made, which we did not make and the reasons therefor.  The quick
points being:  sentence at end of 2.3 which takes the place of their items
1-4; $0.15 to $0.05 in 3.2 and 3.4; item (iii) in 4.2 per their request #5
except I changes 30 business days to simply 30 days; I did not give them
their request #6 except I did incorporate the last two sentences of their
request; I attempted to give them all of their requested #7 except I reworded
slightly for balance and the items we previously discussed; did not do
request #8 because we will incorporate that in the Transaction Agreement;
gave them their request #9, gave them their request #10 except I left in the
"as is, where is" and the line they omitted when they retyped; did not do
their item #11, added section 8.9 for termination of prior agreement; added
their items #12 and #13 but modified as we discussed; otherwise I updated the
contract and changed references for Buyer's Transporter to simply Company.
Anything else?

.


Becky, this is relatively standard "stuff" (a high level technical term, only
grasped after many years of exhaustive technical training) that we have
endorsed in several other jurisdictions (although I didn't do a word for word
comparison, it reads very similar to the requirements in play in Texas).  I
do have a couple of comments giving the DER owner some additional rights
(more commercial than technical) than the present draft allows.  Please note
that the manufacturers  of DER equipment (Capstone, Honeywell/Allied, GE,
etc) are the authorities in the technical area (such as how quick, in cycles,
their equipment can disconnect from the utility's system, etc.) and should be
carrying "Enron's water" in this regard.  If  they are not participating in
this particular proceeding, pleae let me know and I will make some calls and
see if we can get some support from them.

Jeff Brown
08/28/2000 05:44 PM
To: Becky L Merola/DUB/EES@EES
cc: Tom Hoatson/HOU/EES@EES, Robin Kittel/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Jeff
Dasovich/SFO/EES@EES, SATaft@vssp.com, Janine Migden/DUB/EES@EES, Richard
Shapiro/HOU/EES@EES
Subject: Re: FW: Tech. Req. for Single & 3 Phase, 8-15-00.DOC

Becky - I will read tonight, please call me tomorrow morning to dsicuss.  I
will be in by 7 am (853-4350).

Thanks - Jeff

Becky L Merola
08/24/2000 10:07 AM
To: Tom Hoatson/HOU/EES@EES, Robin Kittel/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Jeff
Dasovich/SFO/EES@EES, Jeff Brown/HOU/EES@EES
cc: SATaft@vssp.com, Janine Migden/DUB/EES@EES, Richard Shapiro/HOU/EES@EES
Subject: FW: Tech. Req. for Single & 3 Phase, 8-15-00.DOC

Hi Folks:
For those of you who have more technical expertise in electricity,  if you
could look at the attached document and provide me with your comments by
August 29th it would be greatly appreciated.  If there is anyone else that
you feel may be of assistance in this matter please don't hesitate to forward
this document.  Thank you for your help.
---------------------- Forwarded by Becky L Merola/DUB/EES on 08/24/2000
10:56 AM ---------------------------

"Taft, Sheldon A." <SATaft@vssp.com> on 08/24/2000 09:47:18 AM
To: "'bmerola@enron.com'" <bmerola@enron.com>, "'pmikuls@wpsr.com'"
<pmikuls@wpsr.com>, "'bkorandovich@newenergy.com'"
<bkorandovich@newenergy.com>, "'mayer@taftlaw.com'" <mayer@taftlaw.com>,
"'kurt@theoec.org'" <kurt@theoec.org>
cc: "Petricoff, M. Howard" <MHPetricoff@vssp.com>
Subject: FW: Tech. Req. for Single & 3 Phase, 8-15-00.DOC

Here are the Technical Requirements proposed by the utilities at the August
23 PUCO Workshop on Interconnection.  Please have your technical people
review these and share with us any issues or problems that marketers would
have with them.  We will need to identify these issues and problems and to
propose alternatives before the next workshop meeting on August 30.

-----Original Message-----
From: Colbert, Paul [mailto:pcolbert@Cinergy.com]
Sent: Thursday, August 24, 2000 10:40 AM
To: Taft, Sheldon A.
Subject: Tech. Req. for Single & 3 Phase, 8-15-00.DOC

 <<Tech. Req. for Single & 3 Phase, 8-15-00.DOC>> Here it is.  Thank you.

From the law offices of Vorys, Sater, Seymour and Pease LLP.

CONFIDENTIALITY NOTICE: This e-mail message is intended only for the person
or entity to which it is addressed and may contain confidential and/or
privileged material. Any unauthorized review, use, disclosure or distribution
is prohibited.  If you are not the intended recipient, please contact the
sender by reply e-mail and destroy all copies of the original message.  If
you are the intended recipient but do not wish to receive communications
through this medium, please so advise the sender immediately.

________________________________________________________________________

 - Tech. Req. for Single & 3 Phase, 8-15-00.DOC


Rick,

FYI.  I can give you more color at your convenience.

Regards,

Dave

 -----Original Message-----
From: 	Herbelot, Olivier
Sent:	Thursday, September 27, 2001 5:31 AM
To:	Gorte, David
Subject:	FW: Arcos Development Costs

Dave:  FYI.  I will give you a call to discuss.

 -----Original Message-----
From: 	Brown, Michael - COO London
Sent:	27 September 2001 11:29
To:	Herbelot, Olivier
Cc:	Sherriff, John; Murphy, Ted; Shaw, Eric
Subject:	RE: Arcos Development Costs

Can you and Dave drop me a note setting out the basis of this ,then I would like to talk it through .
Thanks
 -----Original Message-----
From: 	Herbelot, Olivier
Sent:	27 September 2001 10:22
To:	Brown, Michael - COO London
Subject:	Arcos Development Costs

Michael:

I got confirmation from Dave Gorte that forthcoming development costs on Arcos will need to be DASHed.  I have passed the corresponding message on to the team and will work with them to put a draft together asap.  Regards.

Olivier


System Outage Notification

Outage Description:

All SAP systems (including Prod Interface, all EBP systems, IPayIt and FTP servers) will be shutdown in order to upgrade our storage hardware. This maintenance is required to ensure that sufficient storage is available for the SAP Production systems.

Date & Time of Outage:

Outage Commences: November 9, 2001 @ 8:00pm CST

Outage Ends: November 12, 2001 @ 2:00am CST

Contacts:

Contact:

Contact Information:

ISC Customer Care

713-345-4727


Vince,

 I appreciate your response to my request for you to speak to my
class on real options.  I thought you might enjoy the following exchange of
emails that occurred yesterday.  Perhaps some of these issues could be
addressed in your talk.

 Jim

-----Original Message-----
From: Sheridan Titman
Sent: Friday, March 31, 2000 9:11 AM
To: Jim Dyer
Subject: RE: Real Options Course Feedback

Jim:

Your student has raised some difficult questions.  I would recommend Ehud,
but I thought that the finance people have the answers in cases with
complete markets and that we rely on the decision science people for cases
with incomplete markets.

If it would help, I can come in at 6pm after my class in a couple of weeks.

Sheridan

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

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

titman@mail.utexas.edu

-----Original Message-----
From: Jim Dyer
Sent: Thursday, March 30, 2000 4:37 PM
To: Sheridan Titman
Subject: RE: Real Options Course Feedback

Sheridan,

 Which of your classes do you want to miss?  Just kidding.  Actually
you probably told me that before.  Can you suggest someone else who would be
a good choice to discuss the use of option theory in the context of
incomplete markets, and to address some of the types of questions raised in
the note from the student?

 Jim

-----Original Message-----
From: Sheridan Titman
Sent: Thursday, March 30, 2000 5:58 PM
To: Jim Dyer
Subject: RE: Real Options Course Feedback

Jim:

I teach at the same time as you do.

Sheridan

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

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

titman@mail.utexas.edu

-----Original Message-----
From: Jim Dyer
Sent: Thursday, March 30, 2000 11:32 AM
To: Sheridan Titman
Subject: FW: Real Options Course Feedback

Sheridan,

 See the comments below.  I don't mean to put you on the spot, and
have not announced anything in class, but I am hoping that you could visit
my class for about an hour one Thursday afternoon to discuss your views
regarding applications of option pricing concepts to "real options".  As a
reminder, I've attached a course outline.  Chris Kenyon from Schlumberger is
speaking on April 13, and Vince Kaminski has tentatively agreed to speak on
April 20.

 I am going to be out of town on April 27, so that leaves either next
Thursday (April 6) or May 4.  Would either of those times work for you?  I'm
not thinking of any preparation, but more of an informal discussion of the
"philosophical issues" related to real options work.

 Jim

-----Original Message-----
From: Jim Dyer
Sent: Thursday, March 30, 2000 1:24 PM
To: 'jclevenger@optionii.bus.utexas.edu'
Subject: RE: Real Options Course Feedback

Josh,

 Some very thoughtful observations.  As you know, I had invited one
finance professor to our class on Arundel, but he was out of town.  I do
plan to invite Sheridan Titman to discuss the issue of using the option
models in situations where there is no underlying security that is traded.
I do think it is important to face that issue, which is actually covered at
a theoretical level in our last couple of readings.

 The issue of volatility is also an excellent issue for further
discussion, as you suggest.  So far, we've been looking at cases where
volatility is "given".  The problem of finding an "objective" measure of
volatility for a project reminds me of the problem of finding the correct
risk adjusted discount rate, which is not surprising since the concepts are
almost two sides of the same plate.  One approach, of course, is to do some
modeling using traditional decision analysis tools, including subjective
probabilities, but the finance people who write options articles don't like
to think  about such ideas.

 I'll try to address these issues in more detail as the semester
continues.  I think it was important to surface some of these points early,
and to come back to them after we have seen how to apply the methods in a
naive sort of way.

 Thanks for the feedback and comments.

 Jim

-----Original Message-----
From: jclevenger@optionii.bus.utexas.edu
[mailto:jclevenger@optionii.bus.utexas.edu]
Sent: Thursday, March 30, 2000 8:42 AM
To: Jim.Dyer@bus.utexas.edu
Cc: josh-clevenger@reliantenergy.com
Subject: Real Options Course Feedback

After overcoming the initial (I hope) overload of materials and tools
presented
thus far in the semester, it appears to me that you are achieving the
objective
of making us comfortable with optionality valuation as applied to a variety
of
problems which are outside the borders defined by a liquid market of traded
financial elements.

As a constructive feedback, you have been forthright with us in marking off
areas of this subject which are still controversial.  I also realize that
rightly so, real-world application of this type of analysis without a robust
understanding of finance may degenerate into a succession of assumptions
that
result in a "house of cards" effect.  My opinion at this point is that two
issues are of potentially "make-or-brake" importance if I am to persuade my
superiors to accept these methods for valuations outside the realm of
projects
whose value is primarily driven by the value of commodities backed by
financial
instruments.  These issues are easy to guess:

1)  Discounting and Risk Free rates:  I do not sense that anyone in the
class
has put forth convincing arguments as to the proper application of time
value
questions in the absence of liquidity.  Is there someone within the finance
department that can present a firmer position on this question?

2)  Volatility: I found Winston's examples on this metric succinct.  I would
recommend that in future years you dedicate some hours of class time to this
subject.  My criticism again relates to messy problems.  I anticipate
arguments
against real option applications based on the dispute of volatility
measures.
If I were a conservative financial manager, I would argue that:

*** Two-a: implied volatility derived from an industry specific slice of
equity
options is a shotgun approach -- the projects being valued are of a tranche
which may in fact have a significantly different outcome variance than the
weighted average measured by the equities utilized.  Oil, gas and electricty
are
good examples the major players are competing on many different levels of
the
value chain. Smaller companies do exist which are dedicated to one strata,
but
what about projects that want to exploit opportunies across strata in a
vertically integrated company?

*** Two-b: based on the following skepticism - if a real option value is
being
proposed for a new business venture (some new unexploited opportunity,)
there is
some paradox embedded in the increased value based on high volatility in new
ventures and the high risk of failure.  This skepticism is likely to be less
acute in high-tech sectors where the huge upside of new ventures is paraded
before us daily by NASDQ touts.  It is a much harder sell to "mature"
industries.

Of particular interest in the power industry are investments centered around
opportunities arising from restructuring of electricity and natural gas
sectors
as regulation is removed.  A large proportion of the risk is embedded in
ongoing
changes of public policy on an international basis.  As an intentionally
screwed-up example, can anyone other than a financial genius correctly asses
volatility for U.S. companies investing in seed projects in Mexico based on
speculation of the inevitable dismantling of the national utility (CFE) and
PEMEX?

James S. Dyer
Fondren Centennial Chair in Business
Department of Management Science and Information Systems
CBA 5.202
The University of Texas at Austin
Austin, Texas 78712-1175

Email:  j.dyer@bus.utexas.edu
Telephone:  512-471-5278
Fax:  512-471-0587


I can do that, especially if I get the list early in the day.

-----Original Message-----
From: St. Clair, Carol
Sent: Thu 12/6/2001 6:54 PM
To: Mann, Kay; Hansen, Leslie; Nemec, Gerald; Hodge, Jeffrey T.
Cc: Shackleton, Sara
Subject: FW: Termination List

Does anyone have time tomorrow morning to go through the aggregate list and identify the "Canadian" contracts that can be pulled from the book?

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

 -----Original Message-----
From:   Panus, Stephanie
Sent:   Thursday, December  6, 2001 6:43 PM
To:     Theriot, Kim S.; Rohauer, Tanya; Aronowitz, Alan
Cc:     Shackleton, Sara; St. Clair, Carol
Subject:        Termination List

Attached is the Master Termination List and an update for today.

Kim, this update is in addition to the update Sara/Gerald sent you earlier today.

<<Master Letter Log.xls>> <<Letter Log 12-06 (no. 2).xls>>

Stephanie


Attached please find a (confidential) team list that has just been put
together for Project California.  Please review it and let me know as soon as
possible, via e-mail, if there are any revisions at all that need to be
made.  This is the first draft of this team list, and I am sure will be a
work-in-progress, so please bear with us!
Thanks, Stacy
713-646-8320


Thanks for doing that. And those deals didn't show up in my query because I
was looking for trades done under the Short Term West Services desk - I
didn't realize Chris was also entering these under Short Term California.
Just let me know if there's anything else I can do.

Thanks,
Kate

Rhonda L Denton
04/17/2001 11:20 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Sierra Pacific Holding Company, dba Siera Pacific Industries

What about 573679, 579822, 579826 and the 2 transmission deals that are in
Enpower?  I will change them as soon as Sam gets the CP set up if its okay
with you.  Then I can tell Kim Hundle to resend the confirms.

   Kate Symes                04/17/2001 11:34 AM

To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Re: Sierra Pacific Holding Company, dba Siera Pacific Industries

Thanks for following up on this, Rhonda. I believe you just spoke with Chris
about the executed original of this contract. Please let me know what else I
can do to speed this process along. I ran a search for deals the West
Services desk has done with this counterparty (which were entered with Sierra
Pacific Industries, Inc.) and came up with only three deal numbers. They are:

580832
580137
580136

Would you like me to change these over? Or are you doing that along with the
re-confirmation? Please let me know when you get a chance.

Thanks,
Kate

Rhonda L Denton
04/17/2001 09:19 AM
To: Genia FitzGerald/HOU/ECT@ECT
cc: Christian Yoder/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Kate Symes/PDX/ECT@ECT,
Kimberly Hundl/Corp/Enron@Enron, Sharen Cason/HOU/ECT@ECT, Melissa Ann
Murphy/HOU/ECT@ECT

Subject: Sierra Pacific Holding Company, dba Siera Pacific Industries

Because of credit reasons, the name above will remain the name under the
contract.  Global Counterparty has agreed to set up this dba as listed on the
contract.  Once this CP has been set up, I will need the trades moved to this
CP and the deals will need to be reconfirmed in the accurate name.

If there are no objections, I will move the deals and instruct the confirm
person to resend the confirms.  I will also move the contract to this new
name.  Genia will prepare the amendment covering just the change in the
credit provisions.

If Portland holds the fully executed original, please forward to me at your
earliest convenience.  If you have any questions or further instructions,
please contact me at X35871.


Howdy,

Thought I'd give my new scanner a try and also send you a copy of an article I wrote in Turkish for a magazine with which Ismail is involved.  Supposedly, I will be writing a page long article every month.  Two so far.  The idea is that even though my Turkish is flawed, it is good enough to communicate the impressions of a foreigner and presumably do so in a rawer, more authentic fashion.  Who knows?  But at least its good practice and approximates the process of writing in English.

Can you let me know whether you were able to see the article?

Fondly,

Mark

Get your FREE download of MSN Explorer at http://explorer.msn.com

 - ~hpa0000.jpg


Notice No:  01-123
April 5, 2001

To:
All NYMEX Division Members

From:
Donna M. Talamo, Director
Office of the Corporate Secretary

Re:
NYMEX BOARD EXTENDS PROPRIETARY FEE REDUCTION PROGRAM

At its meeting on April 4, 2001, the NYMEX Board of Directors determined to
extend the current Proprietary Fee Reduction Program (&Program8) through June
30, 2001.

Pursuant to the Program, Member Firms and individuals members who own seats
will have their NYMEX Division fees reduced by 12 cents per round turn (6
cents per trade side).

Individual members who lease their seats, or hold a membership under an ABC
Agreement, will have their NYMEX Division fees reduced by 2.5 cents per round
turn (or 1 ? cents per trade side).

Clearing Members who clear Member Firm trades should adjust their billing
systems accordingly.

Clearing Members clearing floor members, accounts should not adjust their
billing systems for such individual members.  NYMEX issues payments directly
to individual members based upon their trading activity.

Floor members who execute Type 3 trades are asked to pay special attention to
NYMEX Rule 6.18 (B) (ii), requiring the executing member to report the alpha
code (badge symbol) of the receiving member on PTS.

Should you have any questions regarding this matter, please feel free to
contact M. Dawn Lowe or Donna Talamo at (212) 299-2370.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-123)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


This request has been pending your approval for  110 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000041547&Page=Approval to review and act upon this request.

Request ID          : 000000000041547
Request Create Date : 6/19/01 7:50:30 AM
Requested For       : jaime.gualy@enron.com
Resource Name       : \\nahoutrd\houston\pwr\common\Electric - [Read]
Resource Type       : Directory


fyi

 -----Original Message-----
From: 	Buy, Rick
Sent:	Tuesday, January 29, 2002 4:54 PM
To:	Crady, Ned E.
Subject:	FW: FBI/DOJ Request for Organization Charts

fyi, please send org chart, tx rick
 -----Original Message-----
From: 	Crady, Ned E.
Sent:	Monday, January 28, 2002 2:52 PM
To:	Horton, Stanley; Buy, Rick; Causey, Richard; Fallon, Jim; McMahon, Jeffrey; Bowen Jr., Raymond; Koenig, Mark; Haedicke, Mark E.; Rieker, Paula
Cc:	Robert Jones, HR VP; Sullivan, Kriste
Subject:	FBI/DOJ Request for Organization Charts

Ladies and Gentlemen,

	The FBI and the Department of Justice have reviewed an Enron Org Chart current as of October 2001, and now are requesting individual Org Charts for your respective 	business units.

	They essentially are trying to understand the teams that work for/report in to each of you, and get a better feel for Enron's business and corporate staff functions.
	For the larger groups, your direct reports and key commercial and staff support should suffice. For the smaller groups, a more complete list of your team would be 	appreciated.

	At your earliest convenience, please provide me with a copy of the following Org Charts:

		1.	Enron Global Services - Stan Horton

		2.	Risk Management/Chief Risk Officer - Rick Buy

		3.	Enron Broadband Services - Jim Fallon

		4.	Accounting/Chief Accounting Officer - Rick Causey

		5.	Global Finance/Treasury - Jeff McMahon and Ray Bowen

		6.	Investor Relations - Mark Koenig

		7.	Enron Wholesale Legal - Mark Haedicke

		8.	Corporate Secretary/Board Communications - Paula Rieker

		9.	Enron Principal Investments - Kevin Garland

	Please call with any questions or comments.

Thanks

Ned Crady
Enron Global Markets
Office: (713) 853-4552
Email: ncrady@enron.com


Too  cute to pass up!

 - ATT08055.jpg


Do you have Heidi or Jim's number.  They left EES.

 -----Original Message-----
From: 	Price, Wade R.
Sent:	Monday, March 11, 2002 3:23 PM
To:	Germany, Chris
Cc:	Barkowsky, Gloria G.; Wynne, Rita
Subject:	RE: Dominion Imbalance statements

Gloria Barkowsky has access to Escript, but she is on vacation this week. I don't know if someone else in Volume Management has access (Rita??).

Dominion used to send data files to us that, in addition to "current" month allocations and meter statements, may have included imbalance information.

WRP

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, March 11, 2002 3:13 PM
To:	Chance, Lee Ann
Cc:	Wynne, Rita; Bussell l, Kathryn; Price, Wade R.
Subject:	Dominion Imbalance statements

Kathryn (EES Volume Management) and I are trying to determine what the Dominion Pipeline imbalances are from the Appalachian producers  for EES.  Dominion will not tell us without making a formal request to their legal department.  We may have to do that anyway.  I'm not sure what this report is called, I just know its on a 2 month lag.  I'm also not sure if this report was mailed to us or if we could run it out of Escript (Dominion's EBB).  If it was run out of Escript, then someone in volume management should know how to do it and that person could show me.  If the report was mailed to us, then I'll have to make a formal request to Dominion's legal department.

Don't spend more than 10 minutes trying to figure out how to do this.  If the person that handled Dominion is gone, then I'll just go the "legal" route.

Thanks


Now don't be afraid to tell us what you really think...!

	Peter Keohane
	11/14/2000 12:35 PM

		 To: Tana Jones/HOU/ECT@ECT, Jon Chapman/LON/ECT@ECT
		 cc:
		 Subject: Nice VP and possibly Pres.

When I look at Al Gore I continue to be amazed that one, let alone 50
million, Americans voted for him.  Both Clinton's and Gore's continued
shamelessness, and disregard for doing the right and decent thing, is only
slightly less amazing than the American people (or at least half of them)
continuing to find reasons to support them.  My only, yet substantive, vested
interest in the outcome is that we are inundated with US T.V. and I can't
bear the thought of looking at Gore (and God forbid Hillary) for the next
four years.  If they don't settle this Florida thing, I am going to have it
have my cable disconnected.

We vote in our federal election on November 27th.  We will not have any such
problems however - not because we are any better than anyone (in fact, I am
not entirely confident that most of my fellow Canadians will understand, or
have ever have understood, the ballot or voted for who they thought they were
voting for) - but rather because of the political system which Jon's
ancestors were so kind to bestow upon us, which I refer to as "parliamentary
dictatorship''.

(Sorry Tana if you are a Democrat, but that is the independent middle of the
road - yeah right - view of a Canadian observer.  Jon, I cannot, however,
apologize for the political ruin which your system of Government has brought
upon us, other to acknowledge that the problem my not be the system but
rather our screwed up regionalization of your unified parliamentary system
into 11 separate parliamentary systems - and I suppose that could be
construed as an apology of sorts, except, for the record, I will never
apologize to you for anything until you make a public, i.e. to Tana and me by
e-mail, confession of your sins on San Felipe.  For that matter, you are as
bad as Clinton and Gore.)

Peter.


Hey buddy,

Out of curiosity, what all are you bringing with you to San Antonio?  I'm running into some problems in the area of cocktail dresses as I developed some noticeable tan lines from my trip.  Oh well, I guess they're not that big a deal right?

Also, do you just want to swing by my complex Friday morning to pick me up?  I promise not to run too late.

Talk to you soon,
Susan


MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:   RAY BOWEN, COO

Topic:  Enron Industrial Markets

Thursday, March 15, 2001
11:30 am - 12:30 pm
EB 5 C2

You bring your lunch,           Limited Seating
We provide drinks and dessert.          RSVP  x 3-9610


There were several items in the mail pouch that you needed a response form me
on.  Here are the responses:

Marchris forwarded a request to attend a conference on Aug 19 and 20.  I
think the original invite when to Ken and Jeff.  I will attend, subject to
them getting some reasonable response rate from the commissioners they
invited and provided that I get a speaking or similar participation
opportunity.
SMU professor and student asking for Astros tickets - yes
CERA conference on July 10-12 in Scotland -- decline


All,

Jim Reyes has accepted an opportunity with Pacific Corp in their Risk Management Group.  I would like to express my appreciation for Jim's contributions to our group and to Enron.  Friday will be his last day with this company.  Please join me in congratulating Jim on his new opportunity.


FYI
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/22/2000
11:47 AM ---------------------------

Tod A Lindholm
11/22/2000 11:12 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Re: Capital Charge and Calculating Return on Invested Capital

Since ETS has third party debt on it's books, the debt and cost of carry will
be excluded from the calculation so as not to double count.

Rick wants it to actualy be booked.  I lean towards just calculating it and
not actually make entries (I know that entries will cause all sorts of
additional issues).   Nothing has been formalized yet.

Rod Hayslett

11/22/2000 11:01 AM
To: Tod A Lindholm/NA/Enron@Enron
cc:

Subject: Re: Capital Charge and Calculating Return on Invested Capital

What do we do with debt on the books of the entities?  Ignore it?   And my
understanding is that this will not be used for actual booking of anything
in the books,

Tod A Lindholm
11/22/2000 10:31 AM
To: Wes Colwell/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Kevin
Hughes/HOU/EES@EES, Rod Hayslett/FGT/Enron@ENRON, John Echols/Enron
Communications@Enron Communications, Mark E Lindsey/GPGFIN/Enron@ENRON, Sally
Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Kent Castleman/NA/Enron@Enron,
Jeffrey E Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard Selzer/Corp/Enron@ENRON,
Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dave
Gunther/NA/Enron@Enron, Kenny Bickett/HOU/AZURIX@AZURIX, MARY
TURINA/ENRON@enronxgate, Barry Schnapper/Corp/Enron@Enron, Paul
Chivers/LON/ECT@ECT, Rob G Gay/NA/Enron@Enron, Jeremy Thirsk/SIN/ECT@ECT,
Ananda Mukerji/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
Friedlander/EWC/Enron@Enron, Joseph Deffner/HOU/ECT@ECT, Larry
Derrett/HOU/EES@EES, Kevin Howard/Enron Communications@Enron Communications,
Michael Anderson/HOU/AZURIX@AZURIX, Bill W Brown/HOU/ECT@ECT
cc: Richard Causey/Corp/Enron@ENRON, Ben F Glisan/HOU/ECT@ECT, Mary
Perkins/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Bob
Butts/GPGFIN/Enron@ENRON, Wanda Curry/HOU/EES@EES, Mary Lynne
Ruffer/HOU/ECT@ECT, Maroun J Abboudy/LON/ECT@ECT, Mike Deville/HOU/ECT@ECT

Subject: Capital Charge and Calculating Return on Invested Capital

Over the last few months, we have been working on a new methodology to
measure and report business unit's retrurns on invested capital.   Several
different variations were considered, and I am glad to report that Skilling,
Causey and Fastow have approved the process outlined here.

Simply stated (with an example shown below):  Return on equity will be
calculated based on a pre-determined debt/equity structure.  Business unit
capital will include both on-balance sheet and off-balance sheet uses of
capital and business unit's will be charged for the cost of their debt at
Enron's cost of funds.  Business unit's should focus on improving their
return on equity over time.

______________________________________________________________________________
______________________________________

______________________________________________________________________________
_____________________________________

This metric will not replace other targets (i.e., IBIT and Funds Flow).

We are currently working to overlay this approach to the submitted 2001
Plans.  If you have questions, please contact myself or Mike Deville.


no need to eliminate specialization but there is a huge amount of duplication.. (for the record i am not weaseling my way into the chief fundamentalist role)..i think the specialization could remain but teh information should be commonly housed and centrallly disseminated) For example, why dio we need 4 stack models..it would be better to concentrate our effort and knowledge on making on great one
also in terms of headcount, elimination of  dupplication means reduced costs....do we really need to be hiring 100 analysts a year.......? where are we going to  put them all
let's keep the strongest and ditch the rest

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, October 08, 2001 7:46 PM
To:	Fraser, Jennifer
Subject:	RE: 25% ACROSS THE BOARD REDUCTION IN ENE HEADCOUNT

maybe,  some specialization is beneficial though.

 -----Original Message-----
From: 	Fraser, Jennifer
Sent:	Monday, October 08, 2001 10:56 AM
To:	Arnold, John
Subject:	RE: 25% ACROSS THE BOARD REDUCTION IN ENE HEADCOUNT

porsche boxster (maybe the bmw one) instead or 5000 they raffle a car...hahahaha johnny..only exempt group is egm crude and products which keeps hiring and hiring

also dont you think it was about time there was one fundamentals group where all information was shared and disseminated to trading

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, October 08, 2001 11:53 AM
To:	Fraser, Jennifer
Subject:	RE: 25% ACROSS THE BOARD REDUCTION IN ENE HEADCOUNT

they're giving away a porsche boxster or a cardboard boxcutter?

 -----Original Message-----
From: 	Fraser, Jennifer
Sent:	Monday, October 08, 2001 10:50 AM
To:	Arnold, John
Subject:	RE: 25% ACROSS THE BOARD REDUCTION IN ENE HEADCOUNT

that means nothing..uk is giving away boxter for new employees ans slicing 10% at same time

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, October 08, 2001 11:48 AM
To:	Fraser, Jennifer
Subject:	RE: 25% ACROSS THE BOARD REDUCTION IN ENE HEADCOUNT

no way.  we're still paying $5000 for new employee referrals

 -----Original Message-----
From: 	Fraser, Jennifer
Sent:	Monday, October 08, 2001 10:18 AM
To:	Arnold, John
Subject:	25% ACROSS THE BOARD REDUCTION IN ENE HEADCOUNT

YA HEARING ANYTHING ON THIS

GEORGE DOWN--CRUDE FLOOR EVACUATED AND BROUGHT BACK


Sami:  Please set some time on my schedule tomorrow to talk this through.  Mark

 -----Original Message-----
From: 	Arap, Sami
Sent:	Monday, November 19, 2001 3:55 PM
To:	Mark E Haedicke/HOU/ECT@ENRON
Subject:	legal group - South America
Importance:	High
Sensitivity:	Confidential

Mark;

Today, Brett Wiggs told me that there will be a significant number of cuts on our Brazil staff (including Legal) within the next couple of weeks.  He asked me to think about a new structure to assist a small commercial team.  I asked about John Novak and he said "he will probably end up being repatriated and you will become General Counsel".  I was obviously a bit puzzled about his comments/questions and, since he was travelling to the Eletrobolt site today, I asked for some time before giving him any answers.  I wanted to know from you if this is something I should discuss with Brett Wiggs only, or you/Brett, or you/Brett/Novak, or ????

If the Brazil office remains open/alive focusing (primarily) on power marketing activities, I am sure that Karla Azevedo and I could handle all the business guys.  However, I anticipate that, within the next couple of months, there will be plenty of corporate work to be done in the near future such as Central Bank and Board of Trade matters (we would have to decide whether we keep Patricia Dutra in-house OR whether to outsource all corporate & institutional workload to outside counsel  -  I'd rather keep Patricia Dutra until everything is worked out well) as well as a lot of legal work to do on the Eletrobolt financing (where Luiz Watanabe and his trainee Aline Merone are focused).

I'd very much appreciate it if you could find a few minutes to provide me with your thoughts on the matter.  I know we are all going through heavy turbulence these days ...  sorry to bother you with this matter.

Tks & Rgds,

Sami


schweiger's been preparing for that mtg since wednesday.  how do you think lay/whalley did?

 -----Original Message-----
From: 	White, Bill
Sent:	Wednesday, October 24, 2001 7:33 AM
To:	Arnold, John
Subject:	RE:

I wanted to see how they would handle themselves - glad i did.  I guess Schweig did all the yelling for everyone....

 -----Original Message-----
From: 	Arnold, John
Sent:	Tuesday, October 23, 2001 8:23 AM
To:	White, Bill
Subject:

do you want to go to learn what happened or do you want to go yell at those guys/see those guys get yelled at?


FYI everyone attending our game.

Here's a little write up as to what is happening tomorrow night.

Our Suite will be open early.  It is Suite No. 7.  (located on the right field side of home plate on level 1 of the skyboxes).

I'd suggest the light rail vs. trying to park downtown.  They ticket cars parked on the street and have them towed if you are not is a designed PGE Parking site.

So - I'm expecting the coach of the Timbers to visit us after the match.

This is an adult event - beverages of the over 21 crowd will be available:

The Portland Timbers announced today the promotional lineup for the upcoming matches at PGE Park, including the Vancouver Whitecaps on June 29th and the San Diego Flash F.C. on July 3rd.
On June 29th, the Portland Rain will play the Seattle Lady Saints in a pre-game exhibition match that will kick-off at 4:15pm, before the Timbers take on the Vancouver Whitecaps in a key A-League Western Conference showdown at 7:05 p.m.
The Portland Rain women's soccer team is a provisional member of the United Soccer Leagues (USL) W-1 Women's League. Last year, the Rain competed in the Pacific Coast Soccer League's women's division and were undefeated during the regular season, but lost in the 2000 McAdam Cup Tournament. The Saints are the current Region 4 National Cup Champions.
Also, International Night will take place on Friday, June 29th, featuring The Lions of Batucada, a marching percussion ensemble based in Portland that features African-influenced dance music of Brazil. Founded in 1996 by Brian Davis, Derek Roth and Andrew Hartzell, the group continues to gain members. Over 40 drummers and dancers will entertain Timbers fans at PGE Park. The Lions of Batucada performed in the Grand Floral Parade for the Portland Rose Festival, and in 1998 they won the Rose Festival Association Staff Favorite Award for the Starlight Parade.