IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Friday, October   19, 2001
                                                                                (Trade Date of Thursday, October   18, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $24.00	         $22.00	         $22.33	-    .58	          53,600
Comed	         $21.50	         $20.50	         $20.96	-    .85	           9,600
Entergy	         $20.90	         $19.70	         $20.22	-   1.01	          25,600
Nepool	         $39.00	         $39.00	         $39.00	+   1.00	           1,600
PJM-West	         $25.80	         $25.25	         $25.47	-   1.49	          35,200
SP-15	         $26.50	         $25.75	         $26.11	-   4.07	          10,400
TVA	         $23.25	         $22.00	         $22.50	-    .11	          15,200

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Received test message.

	Enron North America Corp.

	From:  Greg Piper @ ENRON                           05/17/2000 12:03 PM

To: gwhalle@ect.enron.com
cc:
Subject: Test

Test message from Tech Support via Greg testing his address book.  Please
reply with a click on the reply button.

Thanks,

Vel A. Watkins
Tech Support


Dear Jeff:

I would like to personally take this opportunity to inform you that on Wednesday June 13, 2001 iCan SP, a wholly owned subsidiary of Computer Associates, is announcing the release of the iCan Provider Suite.

The launch will encompass a multitude of exciting details including press coverage, customer details and iCan SP corporate information. I strongly advise you to visit http://www.icansp.com/ to understand how iCan's solution is enabling xSPs and corporate internal IT providers to save money and increase revenue.

Please don't hesitate to call me for further information.

Best wishes,

Mario Bellomo
iCan-SP
2950 Express Drive South
Suite 106
Islandia, NY 11749
mailto:Mario.Bellomo@icanasp.com
Phone  (631) 904-3026
Fax     (631) 904-3003


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 12/01/2000 09:11
AM ---------------------------

Michael Jacobson@ENRON
12/01/2000 09:03 AM
To: Kayne Coulter/HOU/ECT@ECT
cc: Thresa A Allen/HOU/ECT@ECT
Subject: Transmission Rate Part II

Sorry about that, here it is for real this time.


-----Original Message-----
From: 	"Bill Coorsh" <bill.coorsh@rweamericas.com>@ENRON
Sent:	Friday, December 14, 2001 1:52 PM
To:	Shackleton, Sara
Subject:	Read: FW: RWE Trading in Houston

Your message

  To:      Bill Coorsh
  Subject: FW: RWE Trading in Houston
  Sent:    Fri, 14 Dec 2001 11:43:06 -0600

was read on Fri, 14 Dec 2001 13:52:11 -0600

 - ATT131669.txt


Thank you for your order!

Please review the following information, if anything is incorrect please contact customercare@fitrx.com.

Prod # Brand      Description                         Size       Qty  Price      Ext. Price

8658   EAS        Myoplex Lite - Vanilla Cream        20 pack    1    $26.95         $26.95
8656   EAS        Myoplex Lite - Chocolate Cream      20 pack    1    $26.95         $26.95
9450   WORLDWIDE  Pure Protein Bar - Blueberry Cheese 12 bars    1    $22.95         $22.95
                                                                       Subtotal:     $76.85
                                                           Sales Tax (IL 2.00%):      $0.00
                                                           Sales Tax (IL 8.25%):      $0.00
                                                                       Shipping:      $4.95
                                                                          Total:     $81.80

Ship To:
JOE PARKS
5438 SCHUMACHER
HOUSTON, TX 77056

Please allow 3 - 10 BUSINESS days for your order to arrive, including transit time. If your address is not verified or your credit card is not authorized, your order may be delayed or cancelled.

FitRx.com cannot be held responsible for errors in product information or inventory availability.


Patrice/Geoff, How do you guys want to handle the contract with this customer?  Will he stay on ENA paper or do we, EES, send him a new contract?  I need these answers today because the customer will be moved an EES pool today for June 1.

I would also like to see the contract you guys have with them so I can understand what obligations I would owe them.

Thanks,
Jesus


Please see the attached Management Report for June 22, 2000:

Total  Today Year To Date Life To Date

Number of Transactions  2,412 161,509 166,510
Gross Notional Value $  1,184,286,234 75,895,309,732 77,109,996,306

Revenue from Physical flows to date ($)  4,498,394,309 4,594,145,801

New Counterparties transacting today  1
Counterparties having transacted to date  372

Also attached is the Public Domain Report, containing information which is
intended for use in presentations or reports which will be seen by
individuals outside Enron:

Total Life to Date Transactions   > 166,000, which is > 52 % of Enron,s
current transactions for the month
Average Daily Transactions    > 2,000
Life to Date Notional Value of Transactions > $77 billion
Average Daily Notional Value    = Approximately $1 billion, which is 45% of
Enron,s Notional Volume
Number of Products Offered Each Day  = Approximately 820


I forgot to send this to you on Friday

Jerry Buterakos
248-244-9444

This is the turbine job we were talking about last week.  Also, Dynegy has Scott Prophit's job poested on their EBB today.  Its got your name all over it.  I'm going to apply for it too though.

http://www.dynegy.com/Careers/Job%20Postings/JobPostings.htm

Click on the link above, then select Positions by date.  It's a "Trader" job posted on the 17th.

Thanks for the chat, it helped.

chris g.


I have it

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:22 AM
To:	Huble, Amanda
Subject:	RE:

by the way where is my present

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:07 AM
To:	Maggi, Mike
Subject:	RE:

I knew you would like that

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:07 AM
To:	Huble, Amanda
Subject:	RE:

that was a good comeback

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:05 AM
To:	Maggi, Mike
Subject:	RE:

maybe I like trouble

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:05 AM
To:	Huble, Amanda
Subject:

you better be careful about drinks I think you might be in trouble


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

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

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

PIRA Energy Group

 - ed060701.pdf
 - ed060701.xls


They do. Thank you. I'm off to Vegas Fri but will speak to you all in the
next couple of weeks I'm sure. Looks like x-mas won't happen but I think
we'll try and come down in the Spring. Are there any good times for you
guys? Does Cameron get a Spring break?

-----Original Message-----
From: Cash, Michelle [mailto:Michelle.Cash@ENRON.com]
Sent: Tuesday, October 16, 2001 4:51 PM
To: bdcash@lej10.med.navy.mil
Subject: RE: Trey's Bday

DVDs would be good.  I got him the Godfather Trilogy, but you might
consider other movies.
He has Playstation 2, so games are a good idea.
He always likes short-sleeved, solid color polo shirts in size XL.
His Rice Owls baseball cap got mutilated when the baggage cart ran over
his suitcase, so he could use a replacement.
Anything with the 40 theme would be fun.

Hope those ideas help.

Michelle

>  -----Original Message-----
> From: 	"Brooks D. Cash, MD" <bdcash@lej10.med.navy.mil>@ENRON
> Sent:	Tuesday, October 16, 2001 3:14 PM
> To:	Cash, Michelle
> Subject:	Trey's Bday
>
> Any idease for the man who has everything?
> Hope all is well there.
> Eastern NC is interesting to say the least. Sort of like Deleverance.
>
> Brooks

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

 - winmail.dat


I've given blood at MD Anderson before, and I think they will have the blood
type  information on file.  If anyone else is in the same boat, you call the
number below and ask for Barbara. I couldn't reach her today, because it is
Saturday, but they tell me she will be in on Monday.  If all goes well, I
could be in business fairly quickly.

Kay

From: Geneva Holland on 10/17/2000 11:55 AM
To: "Wright, Connie J" <CWright@UH.EDU>, NOCART@aol.com, Claudia
Santos/Corp/Enron@Enron, Kay Mann/Corp/Enron@Enron
cc: bob.joyce@kvaerner.com

Subject: Re: to get blood typed

FYI re: getting your blood typed at MD Anderson Hospital, Donor Room (see
instructions below) -- It takes 1 day for them to get the blood typed so your
card won't be available until the following day.  If you don't pick up your
card, they will mail it to you which takes 7-10 working days.

Geneva Holland
Corp Services - Corp Secretary Dept
EB4802
713-853-7291

	"Wright, Connie J" <CWright@UH.EDU>
	10/17/2000 10:53 AM

		 To: "'Geneva.Holland@enron.com'" <Geneva.Holland@enron.com>
		 cc:
		 Subject: to get blood typed

here is what people need to know - it will save A LOT of calling around...
to get the blood typed (if you don't already have a card or letter from dr.
stating blood type)- you go to the MD Anderson Hospital, Donor Room in the
purple zone, 1st floor.  The phone number is 713-792-2626.  There is an $11
charge to type the blood.  I was told that I would be given a card with my
blood type.


FYI -

We are having some "after-the-fact" balancing issues with King Ranch.  I just
spoke with Carol regarding our net position with the plant, she has informed
me that the Saxet Canales production we are buying at the inlet has been
averaging approximately 3,850 Dth/day for January, and has been producing at
or around that level since November.  We don't have eyes at the meter,
however, Carol was brought online this past week, and I will be receiving
production information on a regular basis to balance redeliveries.

We have been scheduling 838 to 1,045 Dth/day at the meter.  We need to gross
up for Jan in order to ensure that we capture our volumes correctly and do
not create additional balancing issues with the plant.

Please let me know if you have any further questions, or need additional
information.

Mary


I will be out of the office Thursday 10/11/01.  Becky Young will be able to assist while I am out and can reach me if needed.

-Ina


Caroline,

I'll have to do this by phone with you.  Chad is sick.  Kim stayed home this AM, but I'm planning to work from home this afternoon.


No volumes should be on the HPL Gas Daily at this time.

Nov. 1, 2000

     Teco Tap       30.000 / Enron;  70.000 / HPL IFERC

Nov. 2, 2000

     Teco Tap       30.000 / Enron;  45.000 / HPL IFERC

Nov. 3, 2000

     Teco Tap       30.000 / Enron;  114.583 / HPL IFERC

Nov. 4, 2000

     Teco Tap       19.167 / Enron;  120.000 / HPL IFERC

     LS HPL LSK I.C.          30.000 / Enron

Nov. 5, 2000

     Teco Tap       85.000 / HPL IFERC

     LS HPL LSK I.C.          30.000 / Enron


-----Original Message-----
From: navigator@nisource.com [mailto:navigator@nisource.com]
Sent: Wednesday, January 23, 2002 9:53 AM
To: navigator@nisource.com
Subject: CGT Retainage Reduction Effective Feruary 1, 2002

                       COLUMBIA GULF TRANSMISSION COMPANY
                        NOTICE TO ALL INTERESTED PARTIES
                                JANUARY 23, 2002

Notice ID: 3430
5 - NO RESPONSE REQUIRED

On January 15, 2002, Columbia Gulf made a filing to the FERC to reduce the
percentage of gas retained for Company Use and Unaccounted For Gas.  This
reduction if approved by the Commission, will be effective February 1, 2002.
Columbia Gulf will make its usual annual Transportation Retainage Adjustment
filing on March 1, 2002, with changes to be effective April 1, 2002.

The new retainage percentages are:

Mainline        2.470%
Onshore         0.422%
Offshore        0.302%
Offsystem-Onshore - no change


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

The information contained in this message from
Sutherland Asbill & Brennan LLP and any attachments
is confidential and intended only for the named
recipient(s).  If you have received this message
in error, you are prohibited from copying,
distributing or using the information.  Please
contact the sender immediately by return email
and delete the original message.

Attached?are Comments of the California Manufacturers & Technology
Association on Proposed Decision - I.99-07-003.? This is a Word
2000?document.
?
?
?
Jody Smith
Sutherland Asbill & Brennan LLP
1275 Pennsylvania  Avenue
Washington, DC? 20004
202.383.0113
202.637.3593  Fax
 - COMMENTS.DOC


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

----- Forwarded by Debra Perlingiere/HOU/ECT on 10/02/2000 10:52 AM -----

	"Ohr, Leslie (LAOH)" <LAOH@chevron.com>
	10/02/2000 10:21 AM

		 To: "'Debra.Perlingiere@enron.com'" <Debra.Perlingiere@enron.com>
		 cc:
		 Subject: RE: Master Agreement

Debra-- Martin Dale is the CPC client on this matter.  I'm in the process of
getting in touch with him this morning on the confirmation letter.

Leslie
> -----Original Message-----
> From: Debra.Perlingiere@enron.com [SMTP:Debra.Perlingiere@enron.com]
> Sent: Friday, September 29, 2000 2:53 PM
> To: laoh@chevron.com
> Subject: Master Agreement
>
> Further to our conversation, please see the attached documents for your
> review.
>
> (See attached file: CHEVRON PHILLIPS CHEMICAL.doc)(See attached file:
> Chevron Phillips Confirm.doc)
>
> Please note delivery begins on October 1, 2000 on the confirm.
>
> Please do not hesitate to give me a call with your questions and or
> comments regarding this matter.
>
> Regards,
> 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 << File: CHEVRON PHILLIPS CHEMICAL.doc >>  << File:
> Chevron Phillips Confirm.doc >>


We have some files in an empty cubicle that kinda look like global contract
files.  They have global contract sheets and numbers attached to the front of
the documents in the files.  If they belong to anyone in your group they need
to be claimed now, because we are doing a cubicle restructuring this weekend
and those files will be moved and if unclaimed eventually gotten rid of.  Can
you have someone come


Sorry you didn't get this yesterday.  Can you have Ginger fax me a final copy
of the letter for safekeeping.

----- Forwarded by Chris Long/Corp/Enron on 04/11/2001 03:29 PM -----

	Chris Long
	04/10/2001 01:20 PM

		 To: Mark Metts/Enron@EnronXGate
		 cc: Linda Robertson/NA/Enron@ENRON, Lora Sullivan/Corp/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
		 Subject: SEC Chair Letter Address

	Mark Metts/Enron@EnronXGate
	04/10/2001 11:34 AM

		 To: Chris Long/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
		 cc: Lora Sullivan/Corp/Enron@ENRON
		 Subject: RE: SEC Chair

Chris,

I think the letter looks fine.  I just made some very minor typo/cosmetic
changes.  I guess the biggest remaining issue is the identity of the
addressee?  To whom should Ken send this letter?

Thanks,
Mark

 -----Original Message-----
From:  Long, Chris
Sent: Tuesday, April 10, 2001 10:20 AM
To: Kean, Steven; Shapiro, Richard; Robertson, Linda; Metts, Mark
Cc: Sullivan, Lora
Subject: SEC Chair

After a thorough internal review of Jim Doty's nomination, there seems to be
unanimous support for the nomination of Jim Doty.  This has been confirmed
after receiving input from Enron management in legal, commercial, and
government affairs.

One concern was that a future PGE sale would be in some way be impacted if
Jim Doty were to recuse himself given his relationship with Enron. All agree
he would recuse himself, which we knew when he was retained, and that the
impact would be minimal.  Another concern, was the Washington media reported
that Doty had in some way alienated Sen. or Mrs. Gramm, it was reported back
to me that is not the case and the Gramm's do not oppose the Doty nomination.

The SEC nomination process is still moving rather slow and that no candidate
has pulled in front, according to our DC consultants.

The letter states Enron's broad support for Doty's nomination. It does not
advocate any particular policy position or issue.

 << File: SECAPP3.doc >>


i just went with some traders.  you have to love the gravy.


We both ran out of gas.  I just happened to be 20 ft from the gas station
when I did it.  That was the first time we went by the skydive place.


Jeff,
John White has proposed to the CEERT Board that we send the attached letter to the Governor attacking the DWR contracts. Would you please take a look at it and let me know what you think of it.  You can reach me on my cell phone at 213-359-0853. Thanks.
Hap
---------------------- Forwarded by Hap Boyd/EWC/Enron on 09/11/2001 06:41 PM ---------------------------

"Rachel McMahon" <rachel@cleanpower.org> on 09/11/2001 04:16:37 PM
To:	"'V. John White'" <vjw@cleanpower.org>, "'Jack Pigott'" <jackp@calpine.com>, <blunden@hotmail.com>, <counihan@greenmountain.com>, <rcavanagh@nrdc.org>, <dank@environmentaldefense.org>, <rich@ceert.org>, <emaddox@seawestwindpower.com>, <jweisgall@aol.com>, <jlevin@ucsusa.org>, <srose@ecovote.org>, <lnelson@westernrenewables.com>, <hap.boyd@enron.com>, <steve_ponder@fpl.com>, <emiller@siliconenergy.com>, <olsendil@concentric.net>, <smitty@greenbuilder.com>, <rachel@rnp.org>, <taschehoug@mnmethane.com>
cc:

Subject:	for Board review and comment

CEERT and Clean Power Campaign Directors - Attached is a revised version of
the letter sent earlier this week regarding CDWR power contracts.  Please
review and respond with comments as soon as possible.  A discussion of
CEERT's plan of action will be scheduled shortly.

Thank you,
Rachel McMahon
CEERT
916-442-7785
916-447-2940 fax
rachel@ceert.org

 - Sept 11 to Governor re contracts.doc


Good Morning all!

Effective Monday, May 7, 2001, Georgi Landau will be taking over the position
formerly held by Anthony Campos.  Mr. Campos will be relocating to a
different position within the group.  Georgi's contact information is as
follows:

Georgi Landau
EB2122A (New Location)
713-345-4435
georgie.landau@enron.com

The entire Global Data Management group will all be moving to the 21st floor,
also effective Monday.  Beginning Monday, please redirect all documents and
"cc's" originally sent to Anthony to  Georgi, at the address listed above.
Thank you for your attention to this matter.


Up on the web. New email address: kontko@attbi.com

kari


Derek,

Enclosed find the ring-trade language.

If you have any questions feel free to call me at 713-853-7058 or Bill Bradford at 713-853-3831.

Thank you,

Geof Storey

Each of the parties to this Agreement recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon (i) the timely execution and delivery by [legal name of other counterparty] ("Third Party") and Party A of a transaction in substantially the form attached hereto as Exhibit A ("Third Party Transaction A") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party A were not contemporaneously executing and delivering Third Party Transaction A and (ii) the timely execution and delivery by Third Party and Party B of a transaction in substantially the form attached hereto as Exhibit B ("Third party Transaction B") and would not otherwise agree to execute, deliver and perform under this Agreement if Third Party and Party B were not contemporaneously executing and delivering Third party Transaction B. The effectiveness of this Agreement shall be subject to the condition that contemporaneously with the execution and delivery of this Agreement Party A and Third Party execute and deliver Third Party Transaction A and Party B and Third Party execute and deliver Third Party Transaction B.


Fiona,
?
Thanks for your message and the update.? We haven't made  any changes.? I was
referring to the Enron changes, and the electronic  brochure I sent to you
yesterday.? In total, we have the following pieces  which list the Enron name:
?
-? Book cover
-? Bios which are on the cover and in the "Preface"  section of the book
-? Chapter 3 which was written by Vince Kaminski's  group
-? Electronic brochure
?
The first 3 pieces are the most important since they have to  do with the
printing of the book.? If you could?get the modifications  to us by Thursday,
that would be great.?
?
Thanks, and look forward to hearing from you.
?
Julie
?


See deal 151654.

Jackie Young
01/18/2000 04:59 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON, Rita Wynne/HOU/ECT@ECT, Carlos J
Rodriguez/HOU/ECT@ECT, Tom Acton/Corp/Enron@ENRON
Subject: Re: 12/99 K's Needed and 1/2000 K's Needed

Daren,

Thank you for your prompt attention to this matter.   Just a reminder for you
to roll the first six days of December 1999 for 98-9789 Sitara #108246.

Carlos/Tom,

Please apprise when you've completed your research with Producer Services
referencing the below meters that Daren have referred to as "Contract
Terminated".

Daren J Farmer
01/18/2000 12:38 PM
To: Jackie Young/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Tom
Acton/Corp/Enron@ENRON
cc: Pat Clynes/Corp/Enron@ENRON, Rita Wynne/HOU/ECT@ECT
Subject: Re: 12/99 K's Needed and 1/2000 K's Needed

See notes in red below.  In each case where the contract has been terminated,
Tom and/or Carlos will need to get with Producer Services to determine what
we need to do (set up a GTC, renegotiate the term deal, etc).

D

Jackie Young
01/18/2000 11:24 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON, Rita Wynne/HOU/ECT@ECT
Subject: 12/99 K's Needed and 1/2000 K's Needed

Daren, can you help me with placing K's @ the below listed meters?  I don't
know if these deals should be rolled or if new ones were set up.

I'll need a K @ each specified meter for the month following the noted month
that had a K @ it.

Thanks in advance for your help.
-Jackie-
3-9497

98-1534 (Delivery) Last flowed w/ a K was 12/99 on 215K Sitara #95541(Stop
Date 12/99)  New deal added for January #151694
98-6563 (Receipt) Last flowed w/a K was11/99 on 203K Sitara #26511, then new
sitara #130913(which was killed) Evergreen was checked on         this one.
Contract terminated.
98-6614 (Receipt) Sitara #130917-this deal's stop date is 2/29/2000.  The
deal amount is for 1487 mmbtu's but the estimated vols. are "0".  Did not
want to change anything in Sitara without your knowledge.  This is a good
deal. For the first part of the month, you should nom the zero to POPS.
Beginning tomorrow, we will have volume out there on this ticket.

98-9758 (Receipt) Last flowed w/a K was 12/99 on 96026573 Sitara #133088(Stop
Date 12/99) Evergreen was checked on this one.  Contract terminated.
98-9651 (Receipt) Last flowed w/a K was 12/99 on 96026573 Sitara #51491(Stop
Date 12/99) New Deal #136744 (Deal Killed)  Contract terminated.
98-9789 (Receipt) Last flowed w/a K was 11/99 on 012-41500-02-203 Sitara
#108246 (Stop Date 11/99)  Deal rolled for six days to cover flow.
98-5789 (Receipt)  Last flowed w/a K was 12/99 on 96026573 Sitara #26569
(Stop Date 12/99)  Contract terminated.
98-6855 (Receipt) Last flowed w/a K was 12/99 on 215K Sitara #94120 (Stop
Date 12/99)  Deal was rolled for Jan.
98-6725 (Receipt) Last flowed w/a Kwas 12/99 on 215K Sitara #138332 (Stop
Date 12/99)  This was a spot deal.  We will have to renegotiate the price to
cover the flow.  I will work with Craig Faulbaum on this.
98-9676 (Receipt) Last flowed w/a K was 12/99 on 215K Sitara #95912 (Stop
Date 12/99)  New deal 151669 for Jan
98-4548 (Receipt) Last flowed w/a K was 12/99 on 96026573 Sitara #94147 (Stop
Date 12/99)  New deal 151666 for Jan


?
?
?

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 - windowsTEMPnsmailAE.jpeg


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Kate this is a new file as of 2:30 today.  The previous one was from this
morning.
---------------------- Forwarded by Mark Confer/HOU/ECT on 05/02/2001 03:18
PM ---------------------------
To: Mark Confer/HOU/ECT@ECT
cc:
Subject: latest file

see attached.

bc


I still have not released the 700 dth of capacity from VNG to Nabisco on
CGAS.  I just spoke with Henry Riewerts at Nabisco.  He does not have a
navigator ID and password.  This will be the only CGAS activity he has and he
has not bought any gas for Nov either.  I think he needs someone to handle
this for him.

Is this the type of thing we can pass on to EES?


Guys, I spoke with Mark this morning.  He is very supportive of the structure
and idea.  I had indicated that he would continue to run the producer
services business in the West but would also be part of the overall team as
we plot out strategy in the West.  He wants to stay in Denver which I think
we should be able to accomodate as long as his group stays integrated into
the overall team.  I had indicated that we would consolidate market making
into Houston and Paul Lucci could decide if he wants to continue trading or
not - if so he needs to move to Houston.

 Phillip/Barry, go ahead and start working with Mark as you develop your
plans going forward.  I will be speaking to Stephanie Miller this week and
will give the green light with her shortly.

Regards
Delainey


I have a sale at the above referenced meter which begins on the 5th of
October.  Gas flowed for the first four days without a deal.  Please input a
deal to cover.

Thank you,

Mary


It was a little boy sucking his finger standing next to a dog whose tail is straight up and his butt is hanging out.  The caption read did he or didn't he.  How do you feel today....sore?  I hope, I want to be the man, please let me.

-----Original Message-----
From: Christina Rawlings-Curtis [mailto:christina_122367@hotmail.com]
Sent: Thursday, November 15, 2001 2:45 PM
To: Lucci, Paul T.
Subject: Arrrrgh....

Can't seem to download the joke you sent me, what was it?

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


I am so glad that you will be able to attend.  I will have a fully developed
draft agenda available within the next couple of days.  It may help to know
that the plans for Sunday will start with a cocktail reception at 5:00 at the
hotel, followed by dinner at the hotel at 7:00.  We hope to have Mark Frevert
join us that night to informally address the group.  Sunday night will be
low-key, as so many of you will have travelled a number of hours to get to
Houston.  On Tuesday, the plan is to meet until mid-afternoon (3:00?), so
that some of the London participants can fly back to London that evening.  I
do believe that some will stay Tuesday night and will plan to have meetings
in the Houston office on Wednesday.  If that is the case, I will also arrange
a dinner for Tuesday night.  Hope that this helps!

HEIDI MASON@ENRON_DEVELOPMENT
10/08/2000 11:37 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: Global Operations Controller Forum

Thanks for the invitation Sally and I would be delighted to attend.

When it is convenient could someone please send me the agenda so that I can
ensure the flight times I have booked are appropriate.

With thanks

Heidi Mason
Chief Financial Officer
Enron Australia

	Sally Beck@ECT
	Sent by: Patti Thompson@ECT
	06/10/2000 07:05 AM

		 To: Mike Jordan/LON/ECT@ECT, James New/LON/ECT@ECT, Mike
Wellings/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Robert Yeo/LON/ECT@ECT, Paul
D'Arcy/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT, Andrew
Cornfield/LON/ECT@ECT, Cindy Horn/LON/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Leslie Reeves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Stacey W
White/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Brent A Price/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, D Todd
Hall/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT,
Fernley Dyson/LON/ECT@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jan-Erland Bekeng/AP/Enron@Enron, Scott Mills/HOU/ECT@ECT, Barry Pearce/Enron
Communications@Enron Communications, Kristin Albrecht/Enron
Communications@Enron Communications, Wanda Curry/HOU/ECT@ECT, Meredith M
Eggleston/HOU/EES@EES, Shona Wilson/NA/Enron@Enron, Eugenio
Perez/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT
		 cc:
		 Subject: Global Operations Controller Forum

Save the date!  October 22-24  has been reserved for the Enron-wide
Operations Controller Forum to be held in Houston at the Warwick Hotel.  To
accommodate the desired travel schedule of our attendees outside the Houston
office, the forum will kick-off the evening of Sunday, October 22.  We will
have a full day and evening on Monday, October 23, and the forum will
conclude mid-afternoon on Tuesday, October 24.

Many key Enron players will join us for portions of the forum.  Speakers
confirmed to date are Jeff Skilling, Rick Causey, Ted Murphy and Bill
Bradford.

Details will follow in the next few days.  All hotel accommodations will be
arranged by Patti and charges for these will be absorbed by my cost center.
Please make your own airline reservations.

I look forward to seeing you at the forum.  This will be a unique opportunity
to get know your counterparts from the wholesale, retail, and broadband
segments of Enron, with contingents from the U.S., Canada, England,
Australia, and Japan.

Sally


Thanks for your note.  Agreed that execution on IMI and II (construction, debt and equity closings) are the key for the Americas.  It looks like we will have slippage for Q2; I am expecting to see European numbers later this morning and will give you a call to discuss on Friday.  We can also discuss the gearbox issues for the US as to which I am a bit more optimistic than my earlier reports.  Adam

From:	Stanley Horton/ENRON@enronXgate on 06/05/2001 03:00 PM CDT
To:	Adam Umanoff/EWC/Enron@ENRON
cc:	Tod A Lindholm/ENRON@enronXgate

Subject:	Update.

It sounds like the due diligence with UBS is going fairly well with no real surprise.  The news is good on Indian Mesa I and II both on the deal with AEP and the financing.  The real target is completion of the project on time.

I am concerned about slippage again on Q2 due to the Greek project slippage and German installations being behind schedule.  I am looking forward to seeing the Q2 numbers very soon.

What is the issue on the L&S gearbox and what is the potential impact on 01 earnings given your statement that if we do not pass the test, it will present significant problems for 01 US sales.

Let's talk by phone this week if possible.


The report named: Enron Americas Position Report <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=102&report_name=Enron+Americas+Position+Report&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.

(Revision: 5)

Publisher's Notes:

FINAL


Grant Masson

Phone: (713) 664 7260 (h)
 (713) 853 4768 (o)
 (713) 420 2118 (EPG)
 (281) 381 9983 (c)
 (281) 381 9987 (c) Valerie
 massong@epenergy.com
GrantMasson@houston.rr.com


Andrew:

Thanks for the email.

I now have my facts straight.  The account is currently in the name of "ECT
Investments, Inc." (and not Enron North America Corp.).  The specific ECT
Investments, Inc. account at Morgan Stanley that is being transferred is:
038-08826-6 (which is the credit book).

I thought you would want to modify the assignment agreement since it is your
agreement.  I also wanted to be certain that the Annex A description is
sufficient for you.

Please call if you have any questions.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	"H. Andrew Schwed" <Andrew.Schwed@morganstanley.com>
	05/21/2001 03:54 PM
	Please respond to Andrew.Schwed

		 To: sara.shackleton@enron.com
		 cc: Ketan Parekh <Ketan.Parekh@morganstanley.com>
		 Subject: assignment agreement

Sara,

    Attached is the amended agreement.  Please call me with any
questions.

Regards,
Andrew Schwed

 - Enron Assignment.doc


Sheri is on your calender Tuesday to discuss your help.  I assume she will get some of your personal help and also alot of help from Bob Hall, Leslie Reeves, etc.

As you know, we will only get one chance to make a good impression and it is our sale, not EA's, so we are in complete control of what we pitch and how we pitch it.

On you going personally, I am not real sure who the attendees should be so let's discuss that next plan next week.

What are your initial thoughts at possibly doing their mid/back office?  Lot's of physical and financial gas and power in North America.

GP

 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, May 18, 2001 11:40 AM
To:	Piper, Greg
Subject:	RE: Mid and Back Office Discussion

Do you want my help in preparing something for Paul?  Would you like me to go with you when you meet with Paul?

 -----Original Message-----
From: 	Piper, Greg
Sent:	Thursday, May  17, 2001 7:05 PM
To:	'paulp@calpine.com'
Subject:	Mid and Back Office Discussion

Paul,

Thanks for lunch a few weeks ago.  Sounds like you have a ton of work and responsibility these days.

Also, thanks for working with Gros on CommodityLogic.  It is a great application that I think will help our industry better manage the ever increasing transaction flow.

In addition to CommodityLogic, and as a follow-up to our lunch, I would like to come over in a few weeks and sit down and show you and your team what we mean by "outsourcing" your mid and back office functions to our "ProsessCo/ServiceCo."  I think we have identified what types of services we could offer and under what type of arrangements.  Basically, you have risk reporting, general ledger, deal capture, confirmation, nominations/scheduling, volume management and settlements (invoice and cash payments/collections).  We will articulate how it works and how it hopefully makes sense for you to let us add a few more resources to accomodate your growing business instead of you building it from scratch.

I also talked to Whalley and Bibi about your concerns on security/neutrality, comparable service levels to Enron, term and the ability to do financial easier than physical.  We can go through all that as well.

I will contact you soon and arrange a time.

Let me know your thoughts.

Piper

PS  Let's do another dinner with McGowan, etc. soon (or play golf some time or catch some beers).


This looks OK to me.  Can we please change the subject to read:  PLEASE READ

	Mark Taylor (Vice President and General Counsel)@ENRON
	Sent by: Enron Messaging Administration@ENRON
	06/05/2001 09:32 AM

		 To: Taffy Milligan/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Enron Messaging Administration/Corp/Enron@Enron
		 Subject: DRAFT- Enron North America Corp. NYMEX Hedge Exemption Applications

Good morning Ms. Milligan,

Please review and submit approval to Enron Messaging Administration.  The
note will be sent this evening to the NYMEX Hedge Exemption List (this list
includes: All Enron Houston, Everyone_in_ECT Calgary,
Everyone_in_ECT_Portland, Everyone_in_ECT New York and
Everyone_in_ECT_Denver).

We are trying to get approval to send the message out ASAP as requested;
until approval is received, the message is scheduled to be distributed this
evening.

Have a nice day,
Gary Sta. Maria
Enron Messaging Administration

To:        Department:   ENA Legal

From:  Mark Taylor     Date: May 11, 2001
  Vice President and General Counsel

Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any related
commodity future(s) account either individually or acting with another person
pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business on June 15, 2001
if you have any power of attorney, control or have a financial interest in
any commodity futures account (other than an ENA or other trading affiliate
account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


I never doubted you.  Thanks.

D

 -----Original Message-----
From: 	Jackson, Brandee
Sent:	Wednesday, October 03, 2001 7:57 AM
To:	Farmer, Daren J.
Subject:	RE: Expense Report Receipts Not Received

Yes,

They send this message to everyone for some reason.  I have already sent your receipts.  Just ignore
the message.  Sorry.

 -----Original Message-----
From: 	Farmer, Daren J.
Sent:	Wednesday, October 03, 2001 7:14 AM
To:	Jackson, Brandee
Subject:	FW: Expense Report Receipts Not Received

Brandee,

Can you look into this?

D

 -----Original Message-----
From: 	enron_update@concureworkplace.com@ENRON
Sent:	Wednesday, October 03, 2001 1:33 AM
To:	Jerry Farmer
Subject:	Expense Report Receipts Not Received

Employee Name: Jerry Farmer
Report Name:   Daren Farmer
Report Date:   9/7/01
Report ID:     82C5AABDA37B11D5B43E
Submitted On:  9/7/01

Receipts for this expense report have not yet been received. If receipts have been mailed, please disregard this message.


ISDA PRESS REPORT - OCTOBER 29, 2001

CREDIT DERIVATIVES
	*	Pricing Synthetic CDO's - Derivatives Week

REGULATORY
	*	CFTC makes amendments to CFMA 2000 - Risk News

TRADING PRACTICE
	*	Banks tout economic derivatives - IFR

Pricing Synthetic CDO's
Derivatives Week - October 29, 2001

Traditionally collateralized debt obligations (CDOs) involve a transfer of
collateral assets. The CDO liabilities then reference the cash flows
(principal and interest) of the collateral assets. But CDOs are increasingly
issued in synthetic form, where there is no physical transfer of collateral.
In these structures the CDO references default losses, rather than the cash
flows of the referenced collateral.

Credit Default Swaps

In their simplest form synthetic CDOs are akin to single name credit default
swaps. A credit default swap is a contract where one party ,the protection
buyer, makes periodic payments in exchange for payments contingent on a
credit event. In a single name credit default swap, the credit event is the
default of a single issuer. Thus, the price of the credit default swaps
reflects the market's view of the default likelihood of the reference name.

In unfunded form a synthetic CDO is essentially a basket default swap. In
this case, in return for a premium, the protection seller makes contingent
payments based on the default losses incurred by a portfolio or basket of
assets. The protection may be for first loss or equity, in which case the
seller pays for the initial default losses, up to some threshold; second
loss or mezzanine, where the seller pays losses beyond the first loss
threshold up to some higher limit; or senior, where the seller pays all
losses beyond a threshold.

Synthetic CDOs may also be structured in funded form. The simplest form of
this structure is a combination of a risk free bond and a basket default
swap. The initial investment is used to purchase the risk free bond and at
the outset the investor receives the risk free rate of interest from the
bond as well as premium payments from the basket default swap. As losses
occur on the reference portfolio the principal of the bond is reduced to pay
the required contingent payments. At the maturity of the structure the
investor receives the remaining principal of the risk free position. In both
funded and unfunded forms the pricing of synthetic CDOs is primarily a
matter of pricing the basket default swaps themselves.

Correlation Products

It is often said that synthetic CDOs are correlation products because their
value depends not only on the probability of default for each individual
name in the reference portfolio, but also on the correlation between those
names. Consider a simple case where the reference portfolio consists of two
names, each with a 5% probability of default. Assume two levels of
protection, one paying on the first default, and one paying on the second.
If the names are independent, then the probability that the first loss
protection is triggered is 1 - (0.95)2 = 9.75%, that is, 100% less the
chance that there are zero defaults. The probability that the second loss
protection is triggered is (0.05)2 = 0.25%, that is, only if there are two
defaults. On the other hand, if the defaults are perfectly correlated, then
there are only two possibilities: either both or neither of the names
default. Thus, the probability that either protection is triggered is the
probability that both names default, or 5%. Note that for the first loss
protection the increased correlation has reduced the likelihood that the
protection is invoked, and therefore reduced the fair price of this
protection. For the second loss piece, the increased correlation has
increased the trigger likelihood and fair price.

The relationship between correlation and pricing holds generally for the
first loss and most senior levels of protection in basket default swaps. For
the first loss piece, since losses are capped, the pricing is driven
primarily by the likelihood that no losses occur, which increases with
correlation. For the senior piece, the pricing is driven by the likelihood
that an extreme loss occurs, which is greater in cases of higher
correlation.

Pricing

Based on the discussion above most pricing models require individual default
probabilities and a correlation across the names in the pool. Since
individual default probabilities can often be obtained from single name
credit-default swaps correlation is the main pricing parameter for synthetic
CDOs.

Consider an example structure with USD36 million of collateral, where first
loss protects against the first USD5 million of losses, second loss protects
against the next USD10 million of losses, and the remaining losses are
protected by the senior tranche. We can model spreads on each of these
tranches at different correlation levels. For example, using a correlation
of 45%, we obtain model spreads of two basis points, 250bps and 1,642bps for
the senior, second loss, and first loss protection respectively. We can
repeat this exercise at different correlation levels to obtain the
sensitivity of spreads to changes in correlation. Figure 1 shows the
normalized cost of protection for each tranche at different correlation
levels. We can see that the cost of protection for the senior tranche
increases with increasing correlation, that is the cost increases as senior
debt gets riskier, while the first loss protection cost decreases with
increasing correlation, that is the cost decreases as equity gets less
risky. Note that, in this particular example the cost of second loss
protection behaves like senior as an increasing function of correlation.

Implied Correlation

We can back out an implied correlation for each tranche from CDO prices in
the same way we would obtain implied volatility from option prices and the
Black-Scholes pricing model. An implied correlation extracted in this
fashion depends on the specific CDO pricing model, but the observations
above hold generally. Suppose the market spreads for our example structure
are 2bps, 150bps and 2,000bps for the senior, second loss, and first loss
protection respectively. We can compare these observed spreads with our
model spreads to calibrate a correlation parameter for each tranche. For
example the model spread is equal to the observed spread for the senior
tranche, 2bps, when we price it using a 45% correlation. In other words, the
implied correlation for the senior tranche is 45%. The implied correlation
for each tranche can be inferred from Figure 1 as the correlation level with
which our pricing model recovers the observed market spread. We can see that
for the first and second loss tranches, the implied correlation is roughly
20%, while for the senior tranche the implied correlation is 45%.

A first application of the implied correlation is to mark to market a
synthetic tranche on an ongoing basis. As we observe changes in the spreads
for the individual names in the pool, we can reprice the tranches above by
assuming the correlation level is constant, but updating the spreads.
Additionally, implied correlations can be used for relative value analysis.
For example, senior and second loss tranche protection increase in value as
correlation increases. Since both tranches depend on the same basket of
names, we would expect them to have a similar implied correlation. As
mentioned above, the implied correlation of the senior tranche (45%) is
significantly higher than that of the second loss tranche (20%). This means
that senior protection is expensive relative to second loss protection. We
can also perform relative value analysis across deals if we believe that the
pools in two different CDOs have similar characteristics, in terms of credit
quality, industry, and geographical distribution. For example, if two CDOs
have similar pools and structure we would expect to observe comparable
implied correlations for their senior tranches. All else being equal, a
discrepancy in implied correlation can serve as an indicator of a
discrepancy in price between the two structures.

CFTC makes amendments to CFMA 2000
Risk News - October 29, 2001
By Naomi Humphries

The Commodity Futures Trading Commission (CFTC) has released the final rules
relating to the trading of equity futures products in the United States.
These rules implement provisions of the Commodity Futures Modernisation Act
of 2000 (CFMA) that lift the 19-year ban on the trading of single-stock and
narrow-based stock index futures in the US.

The final rules are in line with the new CFMA statutory provisions regarding
the specification of listing standards and conditions for trading security
futures products. The rules also establish requirements related to the
self-certification of rules and rule amendments, reporting of data,
speculative position limits, and special provisions regarding the contract
design for the cash settlement and physical delivery of security futures
products.

The CFTC received comment from the Chicago Mercantile Exchange (CME), the
Chicago Board Options Exchange (CBOE), the American Stock Exchange (Amex)
and the Intermarket Surveillance Group (ISG). The CFTC adopted several
revisions consistent with comments, but stated: "Generally, the commentators
supported the proposed rules."

The CFTC also streamlined the trading process in its revisions of rules
governing commodity futures and options intermediaries on October 19,
following the enactment of the CFMA and the resulting revisions to the
Commodity Exchange Act (CEA). Key rules governing intermediaries, including
futures commission merchants, introducing brokers, commodity pool operators
and commodity trading advisers, have been revised to provide greater
flexibility consistent with the mandate of the CFMA to streamline and
eliminate unnecessary regulation for entities registered under the act.

They include a provision for retail customers to have broad access to
registered derivatives transaction execution facilities, by permitting them
to trade through a commodity trading adviser with $25 million or more in
assets under management, and a proposal to replace the current prescriptive
rule over ethics with a statement of acceptable practices.

The CFTC claimed that comments from Fimat, a registered futures commission
merchant, and securities broker-dealer, Exchange Analytics, an ethics
training provider, the CBOT, the National Futures Association and the
Managed Funds Association, all generally supported the adoption of the
proposed amendments for commodity futures and options intermediaries. It
added that the issue that generated the most discussion was ethics training.

Acting chairman at the CFTC, James Newsome, said: "These rules are just the
first step in the Commission's review of appropriate regulatory relief for
intermediaries. We have begun the intermediary study that Congress directed
us to perform, and we may well be implementing additional regulatory reforms
prior to the study's conclusion."

Banks tout economic derivatives
IFR - October 29, 2001

Deutsche Bank and JP Morgan will be using an auction mechanism to deliver
the new derivatives products, which they say will be self-clearing and
self-hedging. The solution licensed to the two banks to create derivatives
on economic statistics will also be applicable to corporate earnings and
revenues, mortgage prepayments, equity prices, central bank target rates,
index-related products, electric power, weather degree days, credit or any
event-driven market where the development of risk management tools has been
constrained by illiquidity, according to the developer of the solution, New
York-based Longitude.

"Once the mechanisms are up and running and validated, we could envision
structured notes on swaps linked to the auction process itself," said JP
Morgan Chase's Chris Harvey, managing director of foreign exchange and
interest rate derivatives sales for the Americas.

Deutsche Bank has picked Germany's lfo and Japan's Tankan as the debut
products for its economic derivatives franchises in Europe and Japan. JP
Morgan Chase is still in the process of selecting its inaugural US economic
statistics product.

JP Morgan and Deutsche Bank declined to disclose the cost of their franchise
on the economic derivatives. To retain their exclusive agreements with
Longitude for the Parimutuel Digital Call Auction (PDCA)-enabled
derivatives, the banks must meet performance benchmarks. Longitude charges a
fee based on the notional volume cleared through its system.

Using Longitude's PDCA bookrunner product, Deutsche Bank, for example, would
engage in pre-marketing or preselling activity that is similar to that in a
bond or equity syndicate offering, followed by a short auction period.
During the auction period, the bank would submit orders to buy or sell
digital options on the economic data covered to Longitude's web-based
system.

Upon receipt of the orders, Longitude's system produces bid/offer prices for
the derivatives being offered, and other relevant market equilibrium
statistics, such as limit order books. Longitude routes this information
back to the bank, which publishes the statistics for its customers. In this
example, Deutsche Bank would be counterparty to transactions that are
filled.

An order that is filled would result in an International Swaps and
Derivatives Association-documented transaction. The filled orders should
hedge themselves because in a pari-mutuel system all claims that end
in-the-money are funded by those out-of-the-money. "Longitude's clients can
offer derivatives without assuming additional risks on their own balance
sheets," said Andrew Lawrence, chief executive of Longitude. As the systern
accepts orders with limit prices, capital markets participants can have a
high level of price certainty.

In a pari-mutuel system, prices are market-driven and determined by customer
participation, rather than a model or subjective assessment of the price of
risk.

Doubfers
"A pari-mutuel model is a demand and supply based market, so the question
becomes: Will there be enough participants?" said Richard Sandor, chief
executive of Environmental Financial Products and one of the architects of
the interest rate futures markets.

"Is it view taking or [traditional] hedging? I'm not sure," said one bulge
bracket firm's head of market risk management.

Numbers of participants are difficult to predict because they will depend
upon the design of the specific auction, said Longitude's Lawrence. "Perhaps
as few as 10-15 total orders can form a very rich auction equilibrium," he
said.

The cost of operating the call auction is another consideration. A high
transaction charge will mean less money for the winners. "It varies from
market to market. But because banks are not taking market risk, the price
for the service will be modest," said Lawrence. "In general, it has always
been considered extremely desirable to disaggregate risk factors to the
fullest extent possible because they can always be easily recombined."

"Let's assume a health maintenance organisation (HMO) wishes to hedge out
its exposure to annual medical cost inflation in the US, and that the health
industry accounts for slightly less than 20% of US gross domestic product.
What can this HMO do now in the traditional markets to mitigate this risk?
Not much. But JP Morgan could offer derivatives based directly upon this
very important measure in order to offer a risk management product for this
HMO," he said.

Both JP Morgan and Deutsche Bank are expecting early interest from financial
institutions, and fixed-income participants in particular, because no
mechanism for isolating and hedging or speculating on the growth rate of a
country's economy currently exists.

Deutsche Bank's strategy for introducing the new products will initially
hinge on drumming up internal interest, said Kevin Rodgers, global head of
currency options at Deutsche Bank in London. In January, the bank's trading
desks will start using it internally to hedge their own positions. This
activity will be useful in providing the bank with probability
distributions, he added.

Deutsche Bank will then try to get other banks' proprietary and swap desks
to use the system. The new products will probably be available for use by
hedge funds, commodity trading advisers and fund managers by the third
quarter of next year. JP Morgan Chase expects to start its franchise market
on US economic statistic derivatives next month.

**End of ISDA Press Report for October 29, 2001**

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA ONLY.  THIS PRESS
REPORT IS NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION),
AND ISDA IS NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.

Scott Marra
Administrator for Policy and Media Relations
International Swaps and Derivatives Association
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-2578
Fax: (212) 332-1212
Email: smarra@isda.org


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/10/2000 06:19
PM ---------------------------

dkinney@columbiaenergygroup.com on 03/29/2000 07:35:08 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc: " - *Dalphon, Charles" <cdalpho@columbiaenergygroup.com>
Subject: Update of April 00 FOM reqs

Chris--You should be able to open this and print out the table.  Click on the
Button with a 2 if you want the summary version.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - Apr00_FOMupdat02.xls


I adjusted for the rounding, and then deliveries were off by 2,000; 1,000 on the 26th and 1,000 on the 27th.
So I made that adjustment to ENA on contract #96026750.  Now the ENA volumes tie to the WIC contract #52700000,
so no interconnect problem now.

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Wednesday, November 07, 2001 12:08 PM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone Imbalance

What did you need to do to finish 8/01?  We have about cleared the interconnect issue for 9/01.

Theresa

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Wednesday, November 07, 2001 11:07 AM
To:	Staab, Theresa
Subject:	RE: Crestone Imbalance

Theresa - I'm done with 08/01.  Can you forward 07/01 to me?  This file "Crestone OBA Balance"
really helped me out, if you have that for 07/01.  Thanks, Gloria

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Tuesday, November 06, 2001 4:28 PM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone Imbalance

I'm sending the invoice/statement via e-mail.  Let me know if you can't open it.  The Crestone OBA Imbalance is the summary we started on showing the discrepancies on the receipt side.  A lot of it is rounding from the Crestone spreadsheets to our "whole" numbers we put into the Unify system.  The other Imbalance report is on the 3rd tab of the Enron Statement report.  Let me know if you have any questions.

 << File: Crestone OBA Balance.xls >>  << File: Enron Statement Aug.xls >>

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Tuesday, November 06, 2001 3:17 PM
To:	Staab, Theresa
Subject:	RE: Crestone Imbalance

That sounds great!  Can you fax the 08/01 invoices to me at 713-646-8420?
Thanks, Gloria

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Tuesday, November 06, 2001 4:11 PM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone Imbalance

Gloria,
Thanks for the heads up on  9/01.  I'm printing the report right now and I'll get with Amy tomorrow (she's out today).  If you would like to look at August that would be fine - I would just like to stress that changing any receipts will affect our purchases and likewise with our deliveries.  If you could define the differences first then maybe I can lead you to where the issues are.  How does that sound?

I also think by doing this it will get you familiar with this pipeline and maybe in the future you could take this part over.  It's just very confusing at first.

Let me know ,
Theresa

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Tuesday, November 06, 2001 2:56 PM
To:	Staab, Theresa; Felling, Amy
Cc:	Schumack, Sherlyn
Subject:	RE: Crestone Imbalance

There is an interconnect between WIC and FUGG for 09/01.  The WIC # ties to the
statement.  Can you please check the FUGG # ?
Right now, I have some extra time.  I would love to help you guys with this imbalance.
Could I take a look at 08/01?  Please let me know.  Thanks, Gloria

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Wednesday, October 24, 2001 2:46 PM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone Imbalance

Gloria,
Amy Felling here is working on current month and I'll continue on prior month variances.  We'll let you know the status of current month by tomorrow afternoon.

Thanks,
Theresa

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Wednesday, October 24, 2001 11:56 AM
To:	Staab, Theresa
Subject:	Crestone Imbalance

 << File: Crestone.xls >>

Theresa - here's the latest by month of the imbalance.  Please let me know if
there is any way that I can help you.  Could I look at current month, while you
look at the past stuff?  Please let me know.  Thanks, Gloria


Central Puerto has been unresponsive to Marie's requests for original
documents.  Can someone please contact Marie and help us speak with the
counterparty?  Thanks.  Sara


It is amazing and yet not surprising how much Enron has accomplished in the
first six months of this year. You continue to make it happen.  We recognize
that you work hard every day to accomplish Enron,s business goals, and we are
pleased that many of you have shared in the company,s financial success
through Enron stock options.

As you may know, the current employee stock option program (also known as the
All Employee Stock Option Program or AESOP) began in 1994 and provided value
to participants through 2000.  Employees who have participated in this
program from its inception have realized a 1,119% increase in the value of
their stock options (assuming a stock price of $70) over the life of the
program.

Enron stock options are a valuable part of your total compensation package
and a contributing factor to your performance and to Enron,s continued
success.  Therefore, the Enron Executive Committee and the Compensation and
Management Development Committee of the Enron Board of Directors have decided
to continue to offer stock options as a part of your compensation package.

On May 1, 2000, the Committee approved an employee stock option program for
calendar years 2001 - 2005 (EnronOptions ) Your Stock Option Program).  It is
expected that EnronOptions ) Your Stock Option Program will be granted,
effective on or about December 29, 2000, for those employees who are eligible
on that date (please see note below).  The new program, which is subject to
final approval by Enron,s Board of Directors, is as follows:

? EnronOptions ) Your Stock Option Program will give stock options to
eligible full-time and part-time regular employees in domestic and
international companies/locations.
? The grant of non-qualified stock options will equal 25% of annual base
salary (5% of annual base salary for each year of a 5-year period) on
December 29, 2000. (Salary calculation and value may vary in some
international locations.)
? The Board will grant the stock options on December 29, 2000.
? Eligible employees hired in subsequent years will receive a prorated grant
of stock options.

Why commit your talent and energy to Enron?  EnronOptions ) Your Stock Option
Program, among other good reasons( that,s why.

In the coming weeks, you will be receiving more details about EnronOptions )
Your Stock Option Program.  To provide information and answer your questions,
we will introduce a special link on the Human Resources web-site, host
several eSpeak sessions and continue to communicate with you on a regular
basis.  In the meantime, if you have immediate questions, please contact your
Human Resources representative.

Note: In addition to final approval by Enron,s Board of Directors, granting
of options will be subject to New York Stock Exchange and state and federal
regulatory requirements.  It is expected that EnronOptions ) Your Stock
Option Program will be available to most Enron employees; however, some Enron
companies, employees may not be eligible due to legal, accounting, tax, labor
or business issues.  As you know, Enron changes to meet the needs of the
marketplaces we serve.  Given that need to change, we will continue to refine
the eligibility for EnronOptions ) Your Stock Option Program and will
communicate more details throughout the year with final eligibility being
determined on December 29, 2000.


Linda Crawford 512/495-9399 - to be sending emil to Cathy Phillips w/further
details prior to 7/6/00


Okay so here is the email I sent earlier.  Hey so do you have any good
stories about stuff you did that night or what?  I do
---------------------- Forwarded by Mark Guzman/PDX/ECT on 12/04/2000 02:29
PM ---------------------------

	From:  Mark Guzman                           12/04/2000 09:14 AM

To: Kate Symes/PDX/ECT@ECT
cc:
Subject: Re: Hey

Yeah, I locked myself out of my house also.  really smart move!  I felt so
terrible yesterday after our two nights of binge drinking.  I can't believe
you stayed up partying until 6 in the morning.  You are CRAZY.  Hey did we
make some sort of deal on those tickets.  I vaguely remember something to
that effect.


We have received the executed EEI Master Power Purchase and Sale Agreement
dated 1/26/01 from the referenced CP.  Copies will be distributed to Legal
and Credit.


<TITLE>Gas Indices - IntercontentalExchange</TITLE>

IntercontinentalExchange

Firm Physical Natural Gas Price Bulletin

For Natural Gas Delivered on Tuesday, November  20, 2001

(Trade Date of Monday, November  19, 2001)

Click here to access index history.

* volume represents sell-side only *

 Region
    Hub	High
Low
Wtd Avg Index
Change ($)
Vol (mmBtu)

Hub Name

LOUISIANA

    <NOBR>ANR SE	          $2.3800	          $1.8900	          $2.0225	+    .4136	         293,000	American Natural Resources Pipeline Co. - SE  Transmission Pool

    <NOBR>Columbia Onshore	          $2.4700	          $1.8700	          $2.1529	+    .5234	         270,300	Columbia Gulf Transmission Co. - Onshore Pool

    <NOBR>Henry Hub	          $2.4600	          $1.9300	          $2.0774	+    .3593	       1,472,500	Henry Hub tailgate - Louisiana

    <NOBR>NGPL LA	          $2.3275	          $1.8600	          $1.9720	+    .3835	         238,800	Natural Gas Pipeline Co. of America, Louisiana Pool

    <NOBR>Tenn 500L	          $2.3400	          $1.8150	          $2.0306	+    .4295	         422,700	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool

    <NOBR>Tenn 800L	          $2.3300	          $1.8150	          $2.0073	+    .4024	         251,300	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool

    <NOBR>TETCO ELA	          $2.5200	          $1.8550	          $2.1374	+    .4885	         248,500	Texas Eastern - East LA

    <NOBR>TETCO WLA	          $2.4800	          $1.8200	          $1.9198	+    .3116	         244,200	Texas Eastern - West LA

    <NOBR>Transco 65	          $2.5000	          $1.9650	          $2.1221	+    .3847	         244,600	Transco - Station 65

    <NOBR>Trunkline ELA	          $2.4500	          $1.8200	          $1.9795	+    .4371	         103,300	Trunkline Gas Company - East Louisiana Pool

    <NOBR>TxGas SL	          $2.4700	          $1.8800	          $2.0918	+    .4279	         328,900	Texas Gas Transmission Corp.-Zone SL FT Pool

MIDCONTINENT

    <NOBR>MichCon, citygate	          $2.4300	          $2.0700	          $2.1744	+    .3588	         243,500	Michigan Consolidated

    <NOBR>NGPL Midcont	          $2.1000	          $1.7150	          $1.7930	+    .4001	         165,400	Natural Gas Pipeline Co. of America, Mid-Continent Pool

    <NOBR>NGPL Nicor, citygate	          $2.4200	          $1.8950	          $2.0090	+    .3880	         519,500	Natural Gas Pipeline Co. of America, Nicor Citygate

    <NOBR>NGPL NIPSCO, citygate	          $2.4500	          $1.8950	          $1.9945	+    .3900	         121,200	Natural Gas Pipeline Co. of America, Nipsco Citygate

    <NOBR>NNG Demarcation	          $2.3900	          $1.8100	          $2.0449	+    .5635	         217,200	Northern Natural Gas, Demarcation Pool

NORTHEAST

    <NOBR>Columbia TCO	          $2.5000	          $1.9800	          $2.1417	+    .3887	         605,300	Columbia Gas Co. - TCO Pool

    <NOBR>Dominion So.Point	          $3.0000	          $2.0600	          $2.3471	+    .5403	         367,500	Dominion - South Point

    <NOBR>TETCO M3	          $3.0900	          $2.2100	          $2.5296	+    .5388	         399,000	Texas Eastern - M3 Zone

    <NOBR>Transco Z-6 (NY)	          $3.2375	          $2.4100	          $2.6257	+    .6410	         327,600	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)

WEST

    <NOBR>El Paso non-Bondad	          $1.7800	          $1.5900	          $1.7077	+    .5433	          83,200	El Paso - San Juan Basin, Blanco Pool

    Huntingdon/Sumas	          $1.9300	          $1.7650	          $1.8250	+    .5531	         128,000	Westcoast Energy & Northwest Pipeline Corp.

    <NOBR>Opal	          $1.7500	          $1.4900	          $1.5583	+    .3706	         129,800	Opal

    <NOBR>PG&E Citygate	          $2.0500	          $1.8900	          $1.9756	+    .5850	         287,000	PG&E - Citygate

    SoCal Border	          $1.9500	          $1.8300	          $1.8850	+    .4775	         226,600	Southern California Border Points (Ehrenberg,Topock,Needles)

WEST TEXAS

    <NOBR>El Paso - Keystone	          $2.0900	          $1.6300	          $1.7492	+    .4700	         310,000	El Paso - Keystone Pool

    <NOBR>Waha	          $2.2000	          $1.7500	          $1.8735	+    .5027	         213,800	Waha Hub - West Texas

Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).

IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.

In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.

This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.

You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.

To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com.

To unsubscribe from this service, click here unsubscribe.

©Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


simone brooks
1949 Carquinez Way
Crockett, CA 94525
duchess6206@yahoo.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

simone brooks


Bob:
As currently written with my changes, we will return any written confidential
information.  In addition, to the extent that we prepare internal analyses,
memos etc.  that contain confidential information, we usually do not want to
give our work product to the other party.  Therefore, we agree to keep it
subject to the terms of the CA or destroy it and that is what my Insert A
says and that is why I deleted their language.

With respect to the term Representative, that should be defined to mean any
director, officer, employee, counsel, representative and affiliate of any
party as well as any affiliate's directors, officers, employees, counsel or
representative.

Have you reviewed the description of Confidential Information, and in
particular, clause (d) and are you comfortable with it.  Other than the
reference to the Website, is there anything else that we should add as a
description of what we are showing them?

Finally,  per Louise's e-mail, she doesn't want to agree to the no
solicitation language until we contract with them.  Could you please
communicate that to them?
Carol


Bailey I heard bon jovi is your idol.  Enjoy.
PL
http://www.thechunk.com/links.php


I will not make the cio mtg at 1
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


hey you! I was sorry to hear about your grandmother- how is your family
dealing with everything?? How are you?? I cannot imagine what you are going
through, so I cant say that I understand, but I am sorry. Please write soon!
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


Considering that EnronOnline is more of a "market maker" than a pure trading
platform, I don't think they are necessarily the right choice to replace
ALTRA, nor do I think they would want to.  I just thought I'd point out the
need and see if there is anything within our family of companies that might
work here.  Thoughts?

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 09/12/2000
09:11 AM ---------------------------

	From:  Susan Scott                           09/12/2000 08:59 AM

To: Jeffery Fawcett/ET&S/Enron@ENRON
cc:

Subject: GIR: FELLOW SIGNATORIES TO THE COMPREHENSIVE SETTLEMENT - ALTRA

Jeff -- I assume you would have no objection to SoCal's proposed
modification.  Let me know.
And be sure to read to the very end for news about our pal bbbbri ian.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 09/12/2000
08:58 AM ---------------------------

"Angeles, Zenee G. - TPZGA" <ZAngeles@sempra.com> on 09/06/2000 07:27:23 PM
To: "Alexander, Michael@sce" <alexanms@sce.com>, "Amirault, Paul@AEC"
<paulamirault@aec.ca>, "Bayless, David@Utility" <david.bayless@utility.com>,
"Beach, Thomas@Crossborder" <tomb@crossborderenergy.com>, "Burkholder,
John@cts/whb" <burkee@cts.com>, "Chancellor, Craig@Calpine"
<craigc@calpine.com>, "Counihan, Rick@Green Mountain"
<rick.counihan@greenmountain.com>, "Dasovich, Jeff@Enron"
<jdasovic@enron.com>, "Day, Michael@GMSSR" <mday@gmssr.com>, "Dingwall,
Brian@UEM" <bdingwall@unitedgas.com>, "Elsesser, Evelyn@aelaw"
<eke@aelaw.com>, "Johnson, Pamela@REMAC" <johnson_pamela@lacoe.edu>, "Jun,
Christine@aelaw" <chj@aelaw.com>, "Karp, Joseph@Whitecase"
<karpjos@sf.whitecase.com>, "Keeler, Paul@BR" <pkeeler@br-inc.com>, "Leslie,
John@Luce" <jleslie@luce.com>, "McCrea, Keith@CIG/CM" <kmccrea@sablaw.com>,
"Paul, Joe@Dynegy" <6266273191@messaging.sprintpcs.com>, "Pocta, Mark@ORA"
<rmp@cpuc.ca.gov>, "Porter, Doug@SCE" <porterdk@sce.com>, "Rochman,
Michael@CUB" <rochmanm@cubjpa.org>, "Rochman, Michael@SPURR"
<rochmanm@spurr.org>, "Scott, Susan@TW" <sscott3@enron.com>, "Worster,
Gerard@TXU" <gworster@txuenergy.com>, "Zaiontz, Jean@BP" <zaiontj@bp.com>
cc: "Sullivan, Glen J." <GSullivan@sempra.com>, "Lorenz, Lad - TPLPL"
<LLorenz@socalgas.com>, "Suwara, J.- TPJUS" <JSuwara@sempra.com>, "Betonte,
Robert - TP2RSB" <RBetonte@socalgas.com>, "Follett, B. David - TPDBF"
<DFollett@sempra.com>

Subject: GIR: FELLOW SIGNATORIES TO THE COMPREHENSIVE SETTLEMENT - ALTRA

Dear fellow signatories to the Comprehensive Settlement:

On Friday of last week, SoCalGas and PG&E informed ALJ Biren that Altra had
definitively declined to offer the electronic trading services that both the
already-approved PG&E settlement and the pending SoCalGas/SDG&E Comprehensive
Settlement contemplated would be provided specifically by Altra for at least
an intial period.? Both SoCalGas and PG&E sent a letter and email to to the
full service list yesterday (Tues, 9/5) informing parties of this development.

SoCalGas believes that some modification to the Comprehensive Settlement in
necessary to take this development into account, and that we then need to
file the modification as soon as possible with the Commission.? The ALJ has
indicated to us that some formal filing with the Commission in response to
this development will be necessary.

We want to work with the signatories to the Comprehensive Settlement to reach
a consensus as soon as possible.? Our goal is to cause little or no delay in
the processing of a decision on the Comprehensive Settlement.

What SoCalGas has in mind is modifying the settlement to remove the specific
naming of Altra and to insert language saying that SoCalGas will select and
contract with a third-party provider for a specified period of time, without
identifying in the settlement who that will be.?? We also need to consider
whether we should address in the revision to the settlement how we will
handle the possibility that the third-party provider will not be ready to
operate by the April 1, 2001 date the settlement provides for the monthly
imbalance trading, OFO day imbalance chip trading, and storage rights
trading.? SoCalGas is looking at interim arrangements that it could provide
in-house starting April 1, 2001, until the third-party provider could begin
service.? We also might consider what would happen if no third party provider
can be found.

To avoid any claims that we have not complied with the settlement rules,
today we mailed and emailed to the full service list a notice of a settlement
conference for Wednesday of next week.? We want to file something with the
Commission very promptly thereafter.

Please feel free to contact Glen Sullivan at 619-699-5027, Lad Lorenz at
213-244-3820, Bob Betonte at 213-244-3832, or June Suwara at 213-244-3504 on
this subject.?

For those of you who have not heard, Brian Cherry has submitted his
resignation from Sempra Energy's Regulatory Affairs Dept. and will be going
to work shortly for PG&E in a similar capacity.


All,

After filling out and gathering all the feedback forms in the last couple of
weeks, Jeff and I just realized that we forgot to ask everyone for an
accomplishment list from each of you.  We have had a very successful 2001 so
far and we need to be able to discuss each group and your personal mid-year
in detail.  Please send us an email with your accomplishments so that we have
all the facts during the PRC process.

This doesn't need to be formal but simply put together and email to both of
us for the appropriate time.

Thanks,
Mike and Jeff


Paul, I have moved down to Houston and am now running the gas marketing group for the west.  I will forward this note and talk to my Canadian Counterpart, he will follow up as required.

Thanks for the note... I am sure you are glad school is coming to the end.

Regards,

Barry Tycholiz


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:08
PM ---------------------------

Jim Schwieger
10/05/2000 05:12 PM
To: Brian Redmond/HOU/ECT@ECT
cc:
Subject: Storage

Brian:
Attached is the Storage Term Sheet.

 Jim


---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/21/2001
09:28 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/21/2001 09:17 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT, Ken Curry/HOU/ECT@ECT, Richard Deming/NA/Enron@Enron
cc:
Subject: Credit Report--2/21/01


Depending on how negotiations go with Sierra, at the end of the month, we may
need to make a FERC filing for interconnection and transmission service.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 12:24 PM
---------------------------

Mary Hain
02/08/2001 11:58 AM
To: Lysa Akin/PDX/ECT@ECT
cc:
Subject: Sierra Letter

Lysa- Here's the final letter.  Please work with this version and toss the
old one.


We have a tee time set for 7:52 am on the OLD course (starting at #10 tee
box).  Please let me know if Stan will be able to attend (players -  Stan,
Tom, Steve, Chris).   Thank you Cindy!

Best regards.
Steve Westlund
DFS International, Inc.


Try this one.


Thu,

I would be happy to join you in these type of meetings, but I can never meet
before 11:00.  We begin trading each day at 8:30 am.

D

	From:  Thu Nguyen                           02/01/2000 08:08 AM

To: Aimee Lannou/HOU/ECT@ECT, George Grant/HOU/ECT@ECT, Robert E
Lloyd/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT
Subject: MidTex Meeting Feb 1, 2000

Just a reminder, we are have the meeting today at 8:30 in EB3749.

  Daren, if you have time, please join us in this meeting.  You may be able
to help us resolve some of these issues.  Thanks

Thu

3-7159

---------------------- Forwarded by Thu Nguyen/HOU/ECT on 02/01/2000 08:03 AM
---------------------------

	From:  Thu Nguyen                           01/27/2000 08:47 AM

To: Aimee Lannou/HOU/ECT@ECT, George Grant/HOU/ECT@ECT, Robert E
Lloyd/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: MidTex Meeting Feb 1, 2000

Please plan to attend this meeting on MidTex Pipeline, which will cover the
scheduling of HPL's transportation expense on MidTex and purchases off of
this pipeline.

O'Neal:  This relates to the deals I have asked you to modify.  If you have
further questions, they can be address at the meeting.

  Room:  EB3749
  Time:  8:30 - 9:30

Thanks

Thu
3-7159


We did fall apart in baseball this year.  We are not a 1 sport team we are
the sport team.  Football is just a tad more important then the others.  On
last count our 7 national championships in "the" sport does add up.  By the
way, we hold 2 national championships today, football and the mighty women's
softball.

Sooners 2 - Rustbelt 0
m

Tim Weithman@EES
05/23/2001 08:00 AM
To: Doug Leach/ENRON@enronXgate @ ENRON
cc: Mike McConnell/HOU/ECT@ECT@ENRON
Subject: RE: NCAA

Stellar in the eyes of the WSU graduating class of '76.  I am not sure that
Enron (or myself for that matter) hold the same opinion.

From: Doug Leach/ENRON@enronXgate on 05/23/2001 08:51 AM
To: Tim Weithman/DUB/EES@EES, Mike McConnell/HOU/ECT@ECT
cc:

Subject: RE: NCAA

The Shockers current sports program sucks, but fortunately for Enron the WSU
graduating class of '76 had some stellar students.

 -----Original Message-----
From:  Weithman, Tim
Sent: Wednesday, May 23, 2001 7:13 AM
To: Leach, Doug; McConnell, Mike
Subject: NCAA

As I read the USA Today on the plane back to God's country last evening, I
noticed something very surprising.  The mighty Bucks were the #2 seed in
their region.  Mysteriously absent were the Shockers and Sooners.  Doug, I
guess you can still look forward to bowling season.  Mike, it is down to a
one sport school.

Go Bucks!

t


Pinnacle 2001 is quickly approaching!  Remember, all EES employees are
eligible to be nominated, but only those who stand out as
top performers in their field will be selected for participation.  Pinnacle
2001 will be held at a five-star resort on the island of Nevis in the
West Indies. This years event will be an exciting and great experience for
those selected. Click on the attachment below to get a feel of
what's to come at Pinnacle 2001.  After launching the file, the Pinnacle 2001
website can be accessed by clicking on the link at the bottom
of the page.