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  <http://images4.postdirect.com/master-images/404373/clear.gif>	Volume 2
10-22-01

Dear Jeffrey,
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Steve,

Around 6:00 p.m.

Vince

From: Stephen Stock/ENRON@enronXgate on 01/23/2001 05:26 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: FW: Re: Valuation

Vince,

I'm in all this week.....what time are you going for the bus tonight?

regards

Steve

 -----Original Message-----
From:  stevestock@pagenetips.com@ENRON
[mailto:IMCEANOTES-stevestock+40pagenetips+2Ecom+40ENRON@ENRON.com]
Sent: Tuesday, January 23, 2001 4:42 PM
To: Stock, Stephen
Subject: fwd: Re: Valuation

------
From: Vince Kaminski <Vince.J.Kaminski@enron.com>
Subject:Re: Valuation

Steve,

Please, let  me know when you come back.

I have detected a tendency to implement different

approaches to valuation in the past.

To some extent, it reflects the absence of formal

rules for sign-off on the valuation techniques

which, in turn, reflects,  the turf wars and the desire by the

originators to control the outcomes.

Vince

stevestock@pagenetips.com on 01/19/2001 06:53:14 PM

To:   vince.j.kaminski@enron.com

cc:

Subject:  Valuation

Vince,

I'd like an opportunity to talk to you about valuation.

I'm hearing confusing messages about the way that the UK IT team and the UK

traders get their Valuation code aparently signed off by Research, while

here... You provide it for our guys to wrap up.

We have now a situation where the UK team are using a home grown Valuation

piece called DOVE, where results differ from those of the equivalent USA

portcalc.

I need to break through the pride barriers and the "not built here"

syndrome, and try to do the right thing, but I don't beleive I can do that

without you guidance.

I'm scared that if we diverge too much we will never work globally on these

systems.

Steve

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

Tel: 713-345-8980

Cell: 281-541-1862

Page: stevestock@pagenetips.com

Steve
------------------------
Tel: 713-345-8980
Cell: 281-541-1862
Page: stevestock@pagenetips.com


NESA MEMBERS,

Attached is your copy of our 2001 Calendar of Events.  You will see me email
more details out about these classes and brown bags through out the year.  I
am also attaching a registration form for anyone who knows they would like
to attend a class now.  The form is generic, so please complete it with
details regarding the class name and dates!

Have a great day!!
Lana Belnoske-Moore

 <<Calendar01.doc>>   <<Registration form.doc>>

 - Calendar01.doc
 - Registration form.doc


- dasovich.rl.ca.4-4-01.DOC


Bill, can you set up a meeting to discuss credit issues. just you and I is
fine.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/17/2000
08:35 PM ---------------------------
From: William S Bradford on 05/02/2000 04:04 PM
To: David W Delainey/HOU/ECT@ECT
cc: Rick Buy/HOU/ECT@ECT
Subject: Re: Excess Credit Exposure

Dave,

a)  I do not believe Skilling is aware of the latest updates on our efforts
to syndicate some of the Canadian exposures.  To my knowledge, the last time
it was brought to his attention was March 1999 (Blue Range default).  We do
report our top exposures to him and the Board which includes CNR,
Petro-Canada, and Talisman on a quarterly basis.  Rob and team are actively
working with my team to mitigate exposures through other measures.
b) I will be happy to provide insight as needed.  The riskiest commercial
objections are from Lagrasta's group.
c) We have received margin from Sempra and Duke.  We have a valuation dispute
with Statoil and are actively working through the details.

Let me know if you need further information.
Bill

David W Delainey
05/01/2000 07:04 PM
To: Rick Buy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Rob
Milnthorp/CAL/ECT@ECT, Edward Ondarza/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron
Subject: Excess Credit Exposure

Guys, I went throught the Credit Margin Exception Report for 4/24/00.  This
shows our excess credit exposure at approximately $ 391M (after guarantees).
I have a couple of questions:

 a) Canada (>$200M) - Rick/Bill/Rob - Is the board and Skilling aware of the
credit positions and OK?   I know Rob has been working on    mitigation plans;
 b) Commercial Objections: (>$67M)
  - Paper - Edward ($27M) - The report shows a number of commerical
objections to calling for collateral ie) Repap,  Times Mirror and Waste
Mgt. Can you give me a call to discuss - we may need documentation to support;
  - Gas/Mid-Mkt - Jeff ($29M)- Do you own Cross Timbers Oil Co, Torch Energy,
Aurora Natural Gas, Seneca Resource Corp and Cody Energy?   We have in these
cases additional commercial objections to calling for collateral - lets
discuss;
  - Mariner  ($9M)- Ray we are showing a collateral need of approx. $9.0M -
given our equity position this may be moot;however, lets discuss.
 c) Margin Call (>$51M) - Rick/Bill - have we been successful in getting the
margin posted by Sempra, Statoil and Duke?

Canada is a tricky issue; however, we should be able to work down the
commercial objections and collect on the margin calls to get the number down.

Regards
Delainey


Please forward this to all ETS lawyers.  DF

All:  Please take a look at this article.  El Paso's inartful internal documents are creating the same kind of fun for them that Microsoft had during the recent antitrust unpleasantness.  I know that we can't control the way people think about issues such as market behavior, price strategy, etc.  We can, however, remind ourselves and our clients to be very precise and careful in the way we talk about, and particularly, write about, such issues.  I'd like each of us and our clients to keep problems like El Paso's and Microsoft's in mind when we put pen to paper or fingers to keyboard.  Thanks.  df

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/27/2001 12:06 PM ---------------------------

Business/Financial Desk; Section A
Deal for Use of Gas Pipeline Stirs Dispute on Competition
By RICHARD A. OPPEL Jr. and LOWELL BERGMAN

03/26/2001
The New York Times
Page 1, Column 4
c. 2001 New York Times Company

Early last year, the El Paso Natural Gas Company took bids from two dozen companies for the right to ship enough natural gas through its pipeline from Texas and New Mexico to meet one-sixth of the daily demand of energy-starved California.
The winner: El Paso's sister company, the El Paso Merchant Energy Company, which buys, sells and trades natural gas. The bidding was not close. El Paso Merchant offered twice as much for the capacity as the other companies bid, in total, for bits and pieces.
Why pay so much more? California officials, who are pressing a complaint against El Paso at the Federal Energy Regulatory Commission, say the answer is simple. The state contends that El Paso Merchant, with help from its sister company, saw the transaction as a way to manipulate the price of natural gas by using its control of pipeline capacity.
According to sealed documents obtained by The New York Times that are part of filings in the federal case, executives at El Paso Merchant said internally that the deal would give them ''more control'' of gas markets, including the ''ability to influence the physical market'' to benefit the company's financial positions.
El Paso executives called the accusations fanciful, and in a formal response to California's complaint, said the state ''grossly distorted'' company documents by quoting words and phrases out of context.
The dispute opens a window on an important debate about oversight of the natural gas industry, which fuels a growing share of the nation's electric power plants.
At issue is whether current safeguards do enough to prevent anticompetitive abuses in the marketing and trading of natural gas, and whether federal regulators adequately enforce existing rules. In particular, many industry officials question whether regulated pipeline companies are able to favor unregulated sister companies that trade natural gas and are free to maximize profits.
More than 200,000 miles of interstate pipelines crisscross the country, moving natural gas from Canada, the Southwest and other producing regions to fuel factories, power utilities and heat houses.
Not long ago, many parts of the country had excess pipeline capacity. But experts say that several regions, including California, New York and New England, now face constraints as demand soars for gas to fuel power plants.
In California, state officials and utility executives said the documents in the federal case, and El Paso's actions, were proof that the state's energy crisis stemmed not just from an ill-conceived deregulation plan but from price manipulation and profiteering.
''They are the market maker with this pipeline,'' said Loretta Lynch, the president of the California Public Utilities Commission, which has struggled to cope with skyrocketing power prices and supply shortages.
El Paso ''sets the price in California,'' Ms. Lynch said, and what it did was intentional. ''It has affected the price,'' she said, ''for everything related to heat and electrical power prices in the state.''
California's complaint to the federal agency contends that El Paso Merchant ''has hoarded capacity and refused to attractively price unused capacity'' on the pipeline. The state also charges that El Paso Natural Gas, the pipeline's owner, has had no incentive to spur competition, by offering discounts to other users, because the two companies are corporate siblings. The state said that El Paso had violated federal natural gas statutes that prohibit anticompetitive behavior.
The sealed filings in the El Paso case indicated that the company expected to make money by widening the ''basis spread'' -- the difference between what gas can be bought for in producing basins of Texas and New Mexico, at one end of the pipeline, and its price on delivery to Southern California.
As it turned out, spreads widened enormously over the last year as the price of gas soared in California, adding to costs for wholesale electricity that pushed the biggest utilities near bankruptcy. California utilities paid $6.2 billion above competitive prices for wholesale electricity over the last 10 months, state officials estimated. The utilities are not allowed to recoup the costs from customers. While the cost of 1,000 cubic feet of gas typically is less than $1 higher at the California end of the pipeline, spot prices in the state rose to almost $50 more than the Texas-New Mexico price in December.
To executives of the parent company, the El Paso Corporation, the accusations of market manipulation are ludicrous.
High gas prices in California, El Paso executives said in interviews, are easily explained by soaring demand, the poor credit standing of the state's utilities and the failure of the utilities to retain pipeline capacity or store enough gas for winter.
''The idea that anybody is holding back on California is really ridiculous,'' said Clark C. Smith, president of El Paso Merchant's operations in North America.
Some El Paso customers, though, agreed with California officials. The Pacific Gas & Electric Company, the San Francisco-based utility, condemned El Paso in a filing with the federal agency after its lawyers reviewed the sealed company documents.
''It is now very clear from the business records of El Paso Energy Corporation,'' the utility said in the filing, ''that the business strategy El Paso Merchant was authorized at the highest corporate levels to pursue involved manipulation of price spreads.''
The agency has not ruled on California's complaint, which asks that the deal between El Paso Natural Gas and El Paso Merchant be invalidated. Based on the agency's history of policing energy providers lightly, many industry observers predicted that the complaint would be dismissed, perhaps as soon as the agency's public meeting on Wednesday.
Nonetheless, El Paso Merchant is feeling some pressure. The subsidiary said recently that it planned to relinquish control of all but about 22 percent of the capacity on the pipeline to California, rather than exercise an option that would have allowed it to retain the entire capacity of 1.2 billion cubic feet of gas a day.
Critics said they believed El Paso made the move in hopes of lessening the chance of government action. El Paso executives deny that but do say that their decision was influenced by the backlash over the arrangement.
Surrendering the pipeline capacity made for a ''gut-wrenching'' decision, Mr. Smith said, but was ''a first-class gesture'' to California. El Paso Merchant paid $38.5 million to control the pipeline capacity from March 1, 2000, until May 31, 2001. While Mr. Clark said he did not know the return on that investment, he acknowledged that it was lucrative.
''No doubt about it,'' Mr. Clark said, ''we made good money.''
The question of whether El Paso's conduct has driven gas prices higher is expected to be scrutinized by legislators in Sacramento this week. The company also faces several lawsuits, including one by the city of Los Angeles, that accuse it of conspiring with other companies to prevent pipeline projects that could have eased California's energy crisis. El Paso denied the accusation.
With pipeline capacity and gas supplies tighter, concerns about anticompetitive behavior have increased as price volatility has created soaring profits for energy marketers and traders.
Dynegy Inc., a Houston-based energy trader, was once the target of complaints to federal regulators that it had artificially raised prices by abusing capacity that it controlled on El Paso's pipeline to California.
In a filing with regulators in January, Dynegy contended that pipeline companies routinely favored affiliates. ''Abuses abound because of financial windfalls, difficulty of detection, lengthy investigations and increased complexity of the market,'' the company said.
''There are some red flags right now,'' said William L. Massey, a member of the Federal Energy Regulatory Commission since 1993. Mr. Massey said he was troubled by the potential for abuses when pipeline companies own gas and power marketing subsidiaries as well as electric plants fueled by natural gas. El Paso is in all those businesses.
''What the commission ought to be serious about is: What are the forces at work? Is it simply robust markets responding to true supply-and-demand signals, or is it a market defined by market power and some measure of affiliate abuse?'' he said.
Many in the industry do not believe changes are needed.
''There are rules in place today that protect against affiliate abuse,'' said Stanley Horton, chief executive for gas pipeline operations at the Enron Corporation and chairman of the Interstate Natural Gas Association of America, the industry's trade group, referring to the rules under which California has brought its complaint about El Paso.
To its critics, El Paso epitomizes the competitive concerns. It operates the nation's largest network of interstate pipelines and owns one of the largest reserves of natural gas. With its recent acquisition of the Coastal Corporation, another large pipeline operator, El Paso has a market capitalization of $32 billion.
At a conference at El Paso headquarters in Houston in February, analysts heard executives predict net profits of $1.7 billion this year. El Paso's much better known rival, Enron, with its headquarters a few blocks away, is expected to earn about $1.4 billion.
El Paso Merchant provides the strongest growth. Two years ago, the unit's profits, before interest payments and taxes, were $99 million; this year, it is expected to have $700 million in North America alone. In its latest quarterly report, El Paso attributed those profits, in part, to ''commodity market and trading margins'' that were enhanced by ''power price volatility, particularly in the Western United States.''
Critics contend that El Paso set out to exploit those conditions. According to the sealed filings, on Feb. 14, 2000, the day before El Paso Merchant was awarded the pipeline capacity, executives made a presentation to William A. Wise, chief executive of the parent company, laying out the rationale for the bid.
The presentation outlined what it termed ''strategic advantages,'' including ''more control of total physical markets'' and the ''ability to influence the physical market to the benefit of any financial/hedge position,'' according to the sealed filings. The passages suggested that El Paso expected the deal to give it sway over the market for trading actual volumes of gas and to support financial transactions it had entered into with other parties to limit its risk.
For every one-cent increase in the spread on gas prices, the presentation said, El Paso Merchant stood to make an additional $2.4 million.
Under the heading ''Challenges,'' according to the sealed filings, the presentation stated that storage was needed ''to help manipulate physical spreads, adding to the overall transport/storage cost.''
On April 14, according to the sealed filings, El Paso Merchant's president at the time, Greg G. Jenkins, wrote a memorandum to Mr. Wise involving an update for directors meeting later that month. The memorandum stated: ''We will make money two ways: 1) increase the load factor, 2) widen the basis spread.''
The language appears to suggest that El Paso Merchant would profit by increasing the gas flow in the pipeline -- the load factor -- while increasing the difference between what gas could be bought for at one end and what it could be sold for at the other end -- the basis spread.
In an interview, Mr. Smith, the El Paso Merchant executive, said that the unit's prices, and profits, on bulk gas sales in California were locked in months in advance, so that the company could not benefit from rising prices in the spot market.
Otherwise, Mr. Smith declined to provide any details about money made on the pipeline deal or about financial terms of the transactions that locked in prices ahead of time. In addition, Mr. Smith said that nearly all of El Paso Merchant's pipeline capacity was used every day when prices spiked late last year, with no capacity withheld to increase prices.
The company did not respond last week to a request to discuss information in the sealed documents. But El Paso Merchant, in a filing with federal regulators, said California's complaint had ''misconstrued and incorrectly interpreted'' what it termed ''snippets of data.''
About This Report
This article and others on California's energy problems are part of a joint effort with the PBS series ''Frontline'' that will result in a documentary later this year.

Photo: The El Paso Natural Gas pipeline passes near Topock, Ariz. A dispute over bidding for its use has spurred a debate about oversight of the industry. (John Gurzinski for The New York Times)(pg. A17) Chart: ''Boom Times'' Operating revenue and net income soared last year at the El Paso Corpor 2/3ation, which sells, transports and trades natural gas. Graphs of the operating revenue and the net income for the El Paso Corporation. (Source: Company reports)(pg. A17) Chart: ''A Spike in Prices'' The spot price for natural gas produced in the Permian Basin of West Texas doubled last year. But the price that power generators paid when the gas was delivered to Southern California rose almost 10-fold. State regulators say the gap is evidence of market manipulation. Graph showing the spot price of gas delivered to Southern California and the spot price of gas bought in the Permian Basin, from September to March. (Source: Gas Daily)(pg. A17)

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


These have been changed. Thanks Kerri.

Kate

Kerri Thompson@ENRON
12/15/2000 10:59 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: la deals

480134
480133

both deals should have a fee of .0275.  we pay there fees.

thanks


I see that UC/CSU is on this list.  Have any buyers been interested in their load?

Jim

 -----Original Message-----
From: 	Hughes, Evan
Sent:	Wednesday, December 12, 2001 10:33 AM
To:	Steffes, James D.; Dietrich, Janet; Delainey, David W.; Schwarz, Angela; Blachman, Jeremy; Leff, Dan; Herndon, Rogers; Gresch, Robert; Apollo, Beth; O'Neil, Murray P.; Huddleson, Diann
Subject:	FW: CA De-DASR's

This is the list we had Thursday last week.  Please let me know if you need more information.

Thanks,

Evan
 -----Original Message-----
From: 	Hughes, Evan
Sent:	Thursday, December 06, 2001 4:58 PM
To:	Steffes, James D.; Dietrich, Janet; Delainey, David W.; Schwarz, Angela; Blachman, Jeremy; Leff, Dan; Herndon, Rogers; Gresch, Robert; Apollo, Beth; O'Neil, Murray P.; Huddleson, Diann
Subject:	CA De-DASR's

The attached list details the California De-DASR status (by customer) as of this afternoon.  This list was prepared using the prior guidance of "...all customers pre-June/August with the exception of PacTel, IBM and UC/CSU".

Please note that there are two tabs to the spreadsheet.  fyi -- You need to scroll to the bottom of the EESO List to see those customers that are not "qued".

We are prepared to launch the De-DASR's but want to confirm via this message that everyone agrees with each individual customer status.

Please give me a call if you need additional information -- or have any edits or changes.

Thanks,

Evan


So, should I call her and get a name and number, or sit and wait?  I am
ready for action.

What is going on with the houses?

Are you o.k.?  Or, do I just feel like I am bugging you?

----- Original Message -----
From: <Tana.Jones@enron.com>
To: <pyoung@pdq.net>
Sent: Tuesday, May 09, 2000 11:14 AM
Subject: Re: Tuesday

>
> I don't think you can bird dog her too much.  She receives in the emails
> and forwards them on to the relevant job group.  The person with the job
> then decides who they do or do not want to interview.  I don't think
> Gretchen will have much to do with that.
>
>


Megan,

I have changed the pricing on deals 452491 and 452475 for October flows to
mtr 25000200.  These flows should be priced at $.10 + 1/2 % fuel.  The $.11
that Lone Star billed us is incorrect on the last deal.  I'm not sure about
the rates for mtr 20014903.  The person who can tell us should be in
tomorrow.  I will leave a note for her.  We should have similar deal tickets
for Dec forward.  I will check with Mark and Trisha.

D

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           02/26/2001 12:51 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Tenaska IV Transport 10/00

Have you been able to work out these transport pricing differences for Oct.
2000?  We have only been able to pay $4,000.00 of the $28,000.00 invoice.
The pricing for Nov. 2000 (deal 452491) has problems too.  We have $0.01 for
11/3 at meter 20014804 and TXU is billing us $0.10 at meter 25000200 and
$0.02 at meter 20014903 for the entire month.

I have also noticed that we are not accruing any transport for Dec 2000
forward.  We have received the Dec. 2000 invoice from TXU, but we do not have
a deal to pay them.  We should be getting Jan. 2001 next week.  Is there a
deal for these months?

Megan
---------------------- Forwarded by Megan Parker/Corp/Enron on 02/26/2001
12:28 PM ---------------------------

	From:  Megan Parker                           01/05/2001 04:12 PM

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

Subject: Tenaska IV Transport 10/00

I took a look at the transport for TXU Lone Star for Tenaska IV for 10/00.
We mostly have price differences, but one deal needs some days added.  Let me
know if you need copies of the invoices.  The meters below are delivery
meters.  I wasn't sure what the receipt meters would be.

Deal 452491, Meter 20014903  Need to add days 24-26 and 28-31
     Need to check rate - We show $0.01 and we were billed $0.02

Deal 452491, Meter 25000200  Need to check rate - We show $0.02 and we were
billed $0.10

Deal 452475, Meter 25000200  Need to check rate - We show prices from $0.005
to $0.02
      and we were billed $0.11

Thanks,
Megan


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 01/04/2000
10:36 AM ---------------------------

Rhonda Robinson@ECT
01/04/2000 10:23 AM
To: Stacey Neuweiler/HOU/ECT@ECT, Ami Chokshi/Corp/Enron@ENRON
cc: Gregory Steagall/HOU/ECT@ECT

Subject: Re: Missing Service Rates for ENA/HPLC Cash Desk

Listed below are expense contracts that need rates input into Sitara.  Please
let me know as soon as possible if you are responsible for the input of these
rates.

Thanks!
---------------------- Forwarded by Rhonda Robinson/HOU/ECT on 01/04/2000
10:17 AM ---------------------------

	Enron North America Corp.

	From:  Heidi Withers                           01/04/2000 09:18 AM

To: Rhonda Robinson/HOU/ECT@ECT
cc:
Subject: Re: Missing Service Rates for ENA/HPLC Cash Desk

Okay!  How about the other expense rates?  If you need any help getting those
input, let me know.  Otherwise we'll make sure things are clean for that 11th
workday.  I hope you had a great New Year's!
Heidi

Rhonda Robinson
01/04/2000 09:13 AM
To: Heidi Withers/HOU/ECT@ECT
cc:
Subject: Re: Missing Service Rates for ENA/HPLC Cash Desk

Theresa in Denver is looking into the missing rates issue for Powder River
Gathering.  Thanks for all of your help.

Reminder:  We will be beginning our close process on the 11th workday.

	Enron North America Corp.

	From:  Heidi Withers                           12/31/99 10:07 AM

To: Rhonda Robinson/HOU/ECT@ECT, Gregory Steagall/HOU/ECT@ECT
cc: Charlotte Hawkins/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
Subject: Missing Service Rates for ENA/HPLC Cash Desk

Rhonda, I took a look at the Missing Service Rates report and I don't have
the rates to input into the system.  The best I can do is input them if you
provide them to me.  I am sorry that I can't help more...call me if you need
to at x1836.

Greg sent me the expense reconciliation reports that have come out were:

Powder River Gathering - Expense
Powder River Gathering - Revenue
East Texas Gathering - Expense
King Ranch Gas Processing - Expense
Humble Gas Pipeline - Expense
Channel Industries - Expense
TGPL - Expense
Black Marlin - Expense

I'm here till noon, and reachable after that at 713-385-7612.  I think that
Charlotte or someone in the Logistics group can help with these rates.


Jim,  Forgive my delayed response, but I, too, will look forward to co-chairing next year's legal conference with David and to following in the impressive footprints of Michelle Cash and the 2001 committee.  Best regards, Michelle

	David Koogler 05/24/01 08:43 PM 	  To: James Derrick/ENRON@enronXgate@ENRON  cc: Kristina Mordaunt/Enron Communications@Enron Communications, Michelle Cash/HOU/ECT@ECT@ENRON, Michelle Hicks/Enron Communications@Enron Communications  Subject: Re: The 2002 Enron Legal Department Conference

Jim,

I am looking forward to working with Michelle to Co-Chair the 2002 event.  We appreciate your confidence in us and are honored to be the Co-Chairs.   Michelle Cash and her team did set a high standard and also put in place the ground work to help ensure successful events for the future.  I know Michelle Cash has a notebook of information that she would like to pass on to the next Chairs.  We will schedule a meeting with Michelle Cash shortly.

Regards,
David

	James Derrick/ENRON@enronXgate 05/24/01 08:09 PM 	   To: Michelle Hicks/Enron Communications@Enron Communications, David Koogler/Enron Communications@Enron Communications  cc: Michelle Cash/HOU/ECT@ECT, Kristina Mordaunt/Enron Communications@Enron Communications  Subject: The 2002 Enron Legal Department Conference

Michelle and David, I would very much appreciate your serving as Co-Chairs of the 2002 Enron Legal Department Conference, which will be held at a Westin resort in the Dallas area. Michelle Cash and her team, of which the two of you were important members, have set an extremely high standard, but I know that you will do a superb job! Please let me know when you would like me to ask the various groups to select the members of your team.  Thank you! Jim

<Embedded StdOleLink>


Bonnie, please forward to Jim Studdert in the customary manner.  He will most
likely assign the matter to me, but it needs to go to him direct...thanks,

Rob

 -----Original Message-----
From:  White, Bonnie
Sent: Thursday, June 07, 2001 12:20 PM
To: Cole, Rob; Vote, Robert
Cc: Sanders, Richard
Subject: Roger Atkinson v. Cogen, et al.; Roger Atkinson v. JEDI Linden and
NEPCO.

This morning I received a copy of service of process that was served on Cogen
Technologies Linden Venture in the Roger Atkinson matter.  Cogen Technologies
Linden Venture had previously been served with a summons and complaint in the
Atkinson matter in mid April.  I forwarded the matter to El Paso Energy
Company, who had purchased ENA's interest in the Cogen companies effective
late February 2001.  El Paso retained Ed Fanning of McCarter & English to
represent Cogen's interests.  We have worked with Ed in other Cogen matters
before, and I have found him to be both effective and efficient.  This matter
relates to personal injuries allegedly suffered by Atkinson while working at
a construction site at the Linden facility in December 2000.  David Waterson
of El Paso recently called me concerning potential defense and indemnity
obligations that El Paso believes NEPCO may owe Cogen with respect to this
incident.  We will need to review NEPCO's contract with Cogen to determine if
any such obligations exist.

The document that I received today is a Notice of Motion to Consolidate and
to Compel Inspection.  This motion seeks to consolidate the Atkinson v. Cogen
case with a case that was apparently also filed in New Jersey state court as
Roger Atkinson v. JEDI Linden and NEPCO and to compel an inspection of the
construction site where the accident allegedly occurred.  I have asked Becky
Stephens whether we have received service of process on either JEDI Linden or
NEPCO.  To date, we have not.  However, I expect that service of process is
in the works, and I have asked Becky to be on the look out for it.  As this
new suit also apparently concerns personal injury claims, I am forwarding a
copy to both Rob and Bob, so that you can begin to process and investigate
the claim in your usual manner.

Please let me know if there is any other information you need in order to
begin our review for potential defense/indemnity to Cogen.  Thanks.

Bonnie J. White
Enron Litigation Unit
1400 Smith Street, Suite 4824
Houston, TX  77002
Ph:  713-853-7244
Fax: 713-853-6576
bonnie.white@enron.com


----- Forwarded by Tana Jones/HOU/ECT on 10/17/2000 11:15 AM -----

	Tana Jones
	10/17/2000 11:08 AM

		 To: Anne Edgley/LON/ECT@ECT
		 cc: Justin Boyd/LON/ECT@ECT
		 Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Below is an icon that will get you view access to the financial agreement
database.  This lists all the financial agreements we either have executed or
have drafts out to the counterparty (except Australia, which we are currently
loading into the database).   This database is available with view access to
any Enron employee.  If you have any questions about a specific entry, please
do not hesitate to call me (or email me!).

Link -->

	Anne Edgley
	10/17/2000 10:15 AM

		 To: Justin Boyd/LON/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Markus Fiala/LON/ECT@ECT
		 Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Thanks Justin. As a follow-uo, Credit.com are now asking whether they can
have a list of all counterparties with whom with executed ISDAs. I presume
that is a long list but hopefully easily available. Thanks again for your
help.

Justin Boyd
17/10/2000 15:16
To: Anne Edgley/LON/ECT@ECT
cc:

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Anne

FYI

J
---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 15:18
---------------------------
From: Tana Jones on 17/10/2000 09:11 CDT
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

No, no ISDA's or other master agreements in place with this counterparty.

	Justin Boyd
	10/17/2000 05:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ISDA Agreements - Hypovereins/Bank Austria

Hi Tana!

Could you assist on this?

Many thanks

Justinian

---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 11:06
---------------------------

Anne Edgley
17/10/2000 11:00
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: ISDA Agreements - Hypovereins/Bank Austria

I have been asked by Credit.com whether there are ISDA agreements in place
with the above mentioned banks (who are about to merge). I suspect the answer
is No but please can we find out.
Thanks.


Read and Write

	John Griffith (myself)
	Mike Maggi

Read Only

	John Arnold
	Larry May
	Dutch Quiqley
	John McKay
	John Disturnal

Let me know where the file resides also.  Thanks.

John


---------------------- Forwarded by Stephanie Harris/Corp/Enron on 03/23/2000
11:35 AM ---------------------------

Fiona Lavelle@ECT
03/23/2000 10:37 AM
To: Stephanie Harris/Corp/Enron@ENRON
cc:

Subject: RE: SAN ANTONIO MEETING

A few thoughts on topics that might be worthy of discussion at our meeting: -

1. Outside Counsel fees;
2. Recruitment and retention of lawyers and the impact of recent increases in
salaries elsewhere;
3. Cross calibration of recruits and promotions within the legal department;
4. Communication between the various groups;
5. Are we facing an increased risk of investigation worldwide e.g. FCPA,
other regualtory issues and are we doing enough to deal with these risks?
6. Technology - as the company becomes more and more e-commerce and
technologically advanced, is the legal department keeping up e.g. should
lawyers be more  computer literate, do we need to send them on courses etc?

These are just a few thoughts and please do not hesitate to contact me if you
would like to discuss any of them or would like some additional ideas.

Thanks very much
Michael


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/17/2000
10:50 AM ---------------------------

Douglas S Parsons@ENRON_DEVELOPMENT
08/15/2000 08:05 AM
To: Vince J Kaminski@ECT
cc:
Subject: Re: Cairn Gas Purchase Bid

Vince,

I'm following up on our conversation late last week and I'm interested to see
what your group can advise, per Doug Leach's recommendation.  As you can see
he is raising a major red flag in regards to our non-binding offer to Cairn.
Since, it was late the other night I didn't touch base with Sandeep Kohli,
but Bobby and I are probably the most knowledgeable in regards to the Indian
gas market.  Please let me know what information you may need from us to
provide some guidance.

Regards,
Doug
---------------------- Forwarded by Douglas S Parsons/ENRON_DEVELOPMENT on
08/15/2000 07:51 AM ---------------------------

Bobby Farris
08/14/2000 10:19 PM
To: Douglas S Parsons/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Cairn Gas Purchase Bid

There is no harm in seeing what Kaminski's group will advise.   Do you have
any problem in contacting them ?

BOBBY

Doug Leach@ECT
08/14/2000 07:45 AM
To: Douglas S Parsons/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Marc De La Roche/HOU/ECT@ECT, Bobby
Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Cairn Gas Purchase Bid

I strongly disagree with the pricing and structure of your non-binding offer
to Cairn. This reminds me of the debacle in Brazil. You should have contacted
Vince Kaminski's research group as we talked about before an offer was made.
This is a bad deal.

Douglas S Parsons@ENRON_DEVELOPMENT
08/12/2000 01:51 AM
To: Doug Leach@ECT, Marc De La Roche@ECT
cc:
Subject: Cairn Gas Purchase Bid

Doug & Marc,

FYI, please let me know if you think we're totally off base.  I appreciate
your help.

Regards,
Doug
---------------------- Forwarded by Douglas S Parsons/ENRON_DEVELOPMENT on
08/12/2000 01:48 AM ---------------------------

Douglas S Parsons
08/11/2000 06:24 AM
To: Bobby Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: F B Virani/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ujjwal
Dey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nilesh
Vaishnav/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Cairn Gas Purchase Bid

Bobby,

After meeting with Cairn today in Delhi, my perception is that our offer was
received well.  They were more open and relaxed then they were on Wed.
morning and made several encouraging comments about our price range, (once we
talked through the price movements), and the seriousness of our gas related
activities on the West Coast of India, in light of the IOC agreement.  I
think the overall package is attractive to them and no serious objections
were raised.  We did talk to some extent about the guarantees, but we didn't
get too far and they're willing to accept at this point that what's
acceptable to the LNG suppliers, should be suitable for their needs.
However, they would like to understand the corporate structure and assets of
Enron Energy Marketing a little better and I told them I would get back to
them on that point.

David and Ajay were up in Hazira yesterday looking at some property for their
gas treatment facility, which apparently is across the road from pipeline
access.  While there they went and looked at Shell's proposed LNG site after
walking the last 1 km, inaccessible to their 4wd vehicle and not surprisingly
found a beach.

In summary, here is what we offered on a non-binding basis:

Six year production plateau
85% TOP
$3.67/MMBtu Net, at a base of $18/bbl Brent, with point of sale at the
tail-end of the gas processing plant
Floor & Cap of $15.50 - $27.00/bbl
Price movement:  +/- $1.00/ bbl from the $18/bbl base price (on a 3 mo.
rolling average) equals +/- $0.145/MMBtu fixed on a quarterly basis
Guarantees:  Same protection we're providing the LNG suppliers under the
Trust Retention Account

I appreciate everyone's help in submitting this offer.

Thanks,
Doug


Reminder
The Enron Oral History Project Continues...

"Using History to Help Enron Become the World's Leading Company"

How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision?

Speaker:
Joseph Pratt, Cullen Professor of History and Business, University of Houston
and
 Co-Director, Enron Oral History Project

Thursday, June 7
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to participate in this meeting.  Call 3-9390.


Sorry to hear there is no improvement.    Please let me know if there is
anything I can do.

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


Thanks for the email.  Looks like we're not bad in getting their confirms
out.  After I hear from Justin I'll give them a call, hopefully tomorrow.

	Larry Joe Hunter
	05/29/2001 02:09 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Trades with Glencore Commodities Limited

FYI
---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 05/29/2001
02:08 PM ---------------------------

	From:  Diane Anderson @ ENRON                           05/29/2001 12:19 PM

To: Debbie Nicholls/Enron@EUEnronXGate
cc: Larry Joe Hunter/HOU/ECT@ECT, Patrick Mulvany/ENRON@enronXgate, Bob
Bowen/HOU/ECT@ECT
Subject: Re: EOL Trades with Glencore Commodities Limited

Hi Debbie.

I left a message for Miriam - but to keep you in the loop - I have researched
our deals done
with Glencore Commodities Limited for the last four months, finding that
every deal was faxed
T+1 except two instances where a deal went out T+2, and the three deals from
last Thursday
which fax failed on Friday( I've signed and sent them this morning.).

Also, considering the time difference, ENA may fax out a deal on T+1 after
Europe
has gone home, so the counterparty will not see the confirm till the morning
of T+2.

Glencore should also get themselves set up with back office user access to
EOL, so they
can peruse their deals while awaiting the confirm.

I have also sent word to our legal department asking them to look into
Glencore's
governing law status.

I'll convey this to Miriam when I speak with her.
Thanks,
Diane

From: Debbie Nicholls/Enron@EUEnronXGate on 05/29/2001 03:42 PM GDT
To: Larry Joe Hunter/HOU/ECT@ECT, Julie Brewer/NA/Enron@Enron, Diane
Anderson/NA/Enron@Enron
cc:

Subject: EOL Trades with Glencore Commodities Limited

Hi,

I have received a call from Miriam in Glencore re EOL transactions.  Her
concerned are that she does not receive the confirmations within 24 Hours
(from Houston) of the deal being dealt which we are subject to in London and
she would like to see this from ENA.  Also, when Glencore agreed to trade EOL
transactions they stipulated that English law be used for all transactions,
presuming these would be the same from ENA.  She has tried to call but only
gets voice mail, could you please contact her to discuss these and any other
issues she has with EOL.

Tel: 44 20 7412 3190

Regards,

Debbie


Thank you, Joe. If they include combinatorial bids then it would be a much more complicated system. I think everything comes down to liquidity. If they have enough volume, then it will attract even more bidders because the bidders do not have to think too much about the "fair" price because they will always get the lowest successful price anyway. If there is small volume, then it will become harder for the bidders to decide on optimal bidding strategy. Personally I think this system will work because there are many speculators out there who want to play this kind of games.
 :-)
-Chonawee

 -----Original Message-----
From: 	Hrgovcic, Joseph
Sent:	Saturday, November 03, 2001 4:33 PM
To:	Supatgiat, Chonawee; Bharati, Rakesh; Shanbhogue, Vasant; Kaminski, Vince J
Subject:	RE: longitude

Chonawee,

	Good work. I'd like to add a few observations. Regarding your comment about not being able to buy straddles:  Longitude informed us that an upcoming implementation (that is actually in place now but has not been made available so as not to complicate the initial auctions). The new implementation allows packages of digital spreads to be bought and sold as one instrument, resulting in terraced payout functions that approximate true call and put (and presumably collar and straddle) payouts. Even so, the structures will remain largely digital in nature; therefore, they will be rather dirty hedges for traditional calls and puts regardless of how one packages them

	As far as getting a bad price, the auctions here are indeed Dutch auctions, but I believe that the limit orders address this issue -- they assure a given payout ratio. Certainly there is no guarantee that any of the amount laid down by a participant will be placed, which is another problem for hedgers. (Then again, a traditional hedger who asks too much for his offsetting transaction is also unlikely to meet with success.)

	Lastly, with regard to the last paragraph on publishing tentative prices, it is left up to to the discretion of market maker to decide how much of the auction's internal operations (including tentative prices) is posted, but remember that the auction is intended to last only a few hours at a time, yet again constraining the auction's suitability for hedging (admittedly, there would likely be several auctions throughout the life-cycle of the underlying index).

Joe

 -----Original Message-----
From: 	Supatgiat, Chonawee
Sent:	Friday, November 02, 2001 6:37 PM
To:	Bharati, Rakesh; Shanbhogue, Vasant; Kaminski, Vince J; Hrgovcic, Joseph
Subject:	longitude

I will be back on Wednesday night. You guys can reach me at my cell phone 713-320-5473.

Attached please find a paper I wrote earlier (before we discuss with them this afternoon) about the longitude.
(Vince, I already gave you a hardcopy of it earlier.. in case you wants a softcopy)

As Vasant pointed out, it looks like they already did the real-time tentative prices posting in their system. So now hedgers can participate in the auctions. I still feel that the system will attract speculators more.

Thanks!
-chonawee
 << File: Analysis of Longitude.doc >>


NESA/HEA members,

Attached is the new 2001 Technical Training brochure.  Each class only holds
25 students, so please make your choices early to guarantee a spot.

If you have any questions, contact me at (713) 856-6525.

Lana Moore

* <<*NESA_TrainingSched2001.pdf>>  <<*NESA_TrainingSched2001.pdf>>

 - *NESA_TrainingSched2001.pdf


Hello again Kate,

Please see the desks below that Greg Wolfe is attached, and inform me
if you would like me to link him to any other desks.

Rgds.

Samuel
713-853-9890
ENW _ GCP

---------------------- Forwarded by Samuel Schott/HOU/ECT on 03/16/2001 05:56
PM ---------------------------

	From:  Samuel Schott                           03/16/2001 04:56 PM

To: Kate Symes/PDX/ECT@ECT
cc: GCP_Houston, Bill D Hare/HOU/ECT@ect
Subject: Re: New (West) Power Trader or Mid-Marketer _ GCP Response -
Complete

Hi Kate,

Your request is complete, effective upon refresh of the EnPower System, or
3/17/01.

Let us know if Paul needs access to any other desks.

Best Rgds.

Samuel

   Kate Symes                03/16/2001 02:56 PM

To: Samuel Schott/HOU/ECT@ECT
cc:
Subject: Re: New (West) Power Trader or Mid-Marketer

Thanks for doing that so quickly. I just spoke with Paul and he said it would
be best to include every long term desk under his name since he will
potentially do deals with all of the traders -

Long Term Southwest
Long Term Northwest
Long Term California
Long Term West Management

Again, thank you, and please let me know if there's anything else I can do.

Kate

	Enron Capital & Trade Resources Corp.

	From:  Samuel Schott                           03/16/2001 12:20 PM

To: Kate Symes/PDX/ECT@ECT
cc: GCP_Houston

Subject: Re: New (West) Power Trader or Mid-Marketer

Hello Kate,

I've added Paul Choi to the EnPower System, however, in order for a Trader or
Mid-Marketer
to have access to a Power Desk, he must be added to the specific desk by the
GCP Team.

Please supply a specific list of desks in which Paul Choi needs access.

Example Request(s):

Please add these Power Trader(s) to the following Desks: Paul Choi, Greg Wolfe

CP/ID 66189 (not required, but helpful)     EPMI Short Term West Hourly
CP/ID 56849  "     EPMI Long Term West Management

Thanks,

Samuel x3-9890
(GCP_Enron Networks)

   Kate Symes                03/16/2001 01:49 PM

To: GCP_Houston
cc:
Subject: New Trader IDs

Thank you in advance for you help in adding this trader's name to the system:

Add this Power Trader to the EnPower: Paul Choi

Samuel Schott has told me that you would prefer to have the desk this trader
works for, but because Paul is a mid-marketer he works with several different
desks, including Long Term California and Long Term Southwest. Please let me
know if you need more information.

Thanks,
Kate Symes
Trading Support
503-464-7486


Dolores, this is the call to Ken that we talked about.   I appreciate Mark
handling this for him.

{Bob Abboud called. He would like to talk to you about a refinery in
California.  &Pat Robertson bought it.  He has the basic capital.  We have
the financing lined up.  We need a $10 million investment by an industry
participant to validate to the Swiss insurance company that is putting up the
financing.8  847-639-0101 }

Thanks.

Rosie


Laine:

Having reviewed Abe's and Eduardo's comments on the joint security assessment
report, I would like to provide my comments:

The things you should look at doing:

1. Get the government involved in enforcing the laws and stopping the illegal
behavior.  Let the government decide how to do that - whether through the
national police or the military.  "Get the government involved" is not quite
the same as "bring in the Army" - although that may be a part of the final
decision.  Pointing out to the government that the project is important to
Bolivia as well at to Enron/Shell may help to get them off dead center.

2. Expand your PR program to include education of the people about illegal
acts and their consequences.  Obviously if the government doesn't want to get
involved, there won't be any consequences and in that case you might as well
skip this step.  You may already have assets in place to do this - the CLO's
and Jose Castro of GOB(?).  A little more push with the local civic committee
to get them to accept your bringing in an outside member.

3. Consider bringing in outside security people from Santa Cruz (Wackenhut
can get you national police on contract) to ride 'shotgun' on the vehicles
and protect work sites and offices, if you feel a physical threat exists to
your employees.  The cost will be high, as you will have to provide housing,
food and transportation in addition to salary.  This would help in reducing
the number of 'carjackings' of your vehicles and threats to your employees.
This might, however, have a negative impact overall, and the confrontations
may turn violent if the youth organization won't back down from a fight.
Escalation at this point in the construction might lead to a longer
completion time than if you just 'go with the flow'.  In my opinion, I would
use this only if the government doesn't get involved in crime suppression
activities.

4. Refuse to continue paying extortion to the populace.  Bear in mind,
however, that this decision will probably escalate future incidents, with
results equivilent to those mentioned above in #3.

The above are my immediate recommendations - the below are my general
comments:

- I think the problem is more than just the 'PR issue' that the report seems
to indicate.  There are illegal acts being committed, in violation of
Bolivian laws, by a populace who is used to doing things their own way,
without the benefit of following laws made by the government far away who
doesn't take an active interest in crime suppression.  The only remedy for
committing illegal acts is punishment for the offender, which sends a message
to the community that illegal acts will not be condoned.  Can Enron punish
the offender?  No - that can only come from the government through their
legal system.  Enron should not be required to submit to extortion by groups
committing illegal acts.  Enron's push here should be to get the government
involved at whatever level it takes to investigate and prosecute those
committing the illegal acts.

- You have a short time frame to work in before the project is complete.
Putting things in motion now wouldn't guarantee they would be in place before
the end of the project - however, the operator of the pipeline is going to
have to face these or similar issues - they are not going to go away just
because the pipeline is finished.  The acceptance by the general populace of
use of illegal acts can easily become a breeding ground for future sabotage
of the pipeline, kidnapping of employees and contractors.  Whatever
short-term solution you use will affect the long-term security of the
pipeline, and needs to be well considered.  Whatever other options you have,
education of the people probably wouldn't hurt.  If the operator of the PL
can get involved in the education of the populace, it would be in it's best
interest to do so.

- Your subcontractor, Conduto, seems to be a focal point for at least some of
the problems through their non-use of local labor.  There is no indication in
the report or in Abe's comments that the local populace are qualified for
available jobs.    Maybe a lesson learned for next project - try to use local
labor where possible (and qualified).  This friction - between Conduto and
the populace - seems to be the major issue.

- The CLO concept, as I understand Abe's comments, seems to be on the right
track, but maybe their responsibility should be expanded to include educating
the populace that there is a difference in nogotiating for something in good
faith rather than under duress.  Also that Illegal acts will not be
tolerated.  One potential problem I see is that if GOB refuses to negotiate
over future issues (wants of the people), then, without the education part of
it in place, you will probably see sabotage on the PL or of company vehicles,
and possibly violence against your employees.  Obviously you want to continue
to use people such as Jose Castro - possibly expanding his role to include
education issues.

In any case, this is not a problem that is going to go away overnight, and
any actions you take at this point may not have a positive effect by the time
the project is complete.  Hindsight is always better - maybe for the next
project we will consider a due diligence assessment of the areas our pipe
will pass through and see if similar conditions exist there.

Hope to see you before long.

Regards,

Mike Hicks

Laine A Powell@ENRON_DEVELOPMENT
03/14/2000 03:25 AM
To: Michael Hicks@ECT
cc: Abraham Moreno/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Tradu??o

Mike -

 Attached is a copy of the translation of Eduardo Cordi's comments to the
investigation done by the security folks in San Matias.  Summarizing Abe's
comments and Eduardo's the reaction seems to be that many of the
recommendations don't apply for the area.  Am not sure what the next step
should be.  Any suggestions?

rgds

Laine
---------------------- Forwarded by Laine A Powell/ENRON_DEVELOPMENT on
14-03-2000 07:21 AM ---------------------------

Clarissa Sauer
13-03-2000 06:32 PM
To: Laine A Powell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Tradu??o

Laine,

A tradu??o que vc me pediu.

Rgds,
Clarissa


Mary has this.  Seeks $250 price caps against sellers into Cal. with market
based rates.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 08/03/2000
11:49 AM ---------------------------

"Jackie Gallagher" <JGallagher@epsa.org> on 08/03/2000 11:12:09 AM
To: <cwentlent@aesc.com>, <bbuchynsky@aol.com>, <cpowerc@aol.com>,
<frayblay@aol.com>, <John.A.Cohen@BAKERNET.com>, <apennix@bostonpacific.com>,
<croach@bostonpacific.com>, <alycial@calpine.com>, <eileenk@calpine.com>,
<jackp@calpine.com>, <jimmyg@calpine.com>, <JoeR@calpine.com>,
<GeoffM@citizenspower.com>, <brad.ashton@coastalcorp.com>,
<david.sims@coastalcorp.com>, <marcus.da.cunha@coastalcorp.com>,
<martin.allday@coastalcorp.com>, <robert.moore@coastalcorp.com>,
<susan.ginsberg@coastalcorp.com>, <davidhodges@cogentrix.com>,
<rzuland@columbiaenergygroup.com>, <JBarnett@coral-energy.com>,
<rreilley@coral-energy.com>, <zori_ferkin@deweyballantine.com>,
<eisenstatl@dsmo.com>, <rustumm@dsmo.com>, <jmdonnell@duke-energy.com>,
<lebarrett@duke-energy.com>, <mfgildea@duke-energy.com>,
<rjmatlock@duke-energy.com>, <BNHU@dynegy.com>, <daki@dynegy.com>,
<jjha@dynegy.com>, <jjst@dynegy.com>, <mado@dynegy.com>, <pges@dynegy.com>,
<jsena@EdisonMission.com>, <luke.mickum@engageenergy.com>,
<bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<janelle.scheuer@enron.com>, <jhartso@enron.com>, <sarah.novosel@enron.com>,
<tom.hoatson@enron.com>, <rbrown@exeloncorp.com>, <jack.hawks@gen.pge.com>,
<sarah.barpoulis@gen.pge.com>, <sbarishstraus@gpu.com>,
<oneill@greenmountain.com>, <mtighe@hess.com>, <smutny@iepa.com>,
<john@ippny.org>, <don.santa@lgeenergy.com>, <agoldberg@lgl.twc.com>,
<rfahey@mwgen.com>, <joe.bizzano@nrgenergy.com>,
<barry.green@ontariopowergeneration.com>,
<tony.petrella@ontariopowergeneration.com>, <mhornstein@orrick.com>,
<karen.tomcala@pge-corp.com>, <diane.featherstone@powersrc.com>,
<mphillips@pwrteam.com>, <dapplebaum@sithe.com>, <gbrown@sithe.com>,
<lwisniewski@sithe.com>, <rfernandez@sithe.com>, <sweiner@sithe.com>,
<anne.cleary@southernenergy.com>, <mike.mcclenahan@southernenergy.com>,
<afontana@tenaska.com>, <jmartin@tenaska.com>, <GTakvorian@Thermoecotek.com>,
<shelyer@tnsk.com>, <tharper@tnsk.com>, <ltun@tractebelusa.com>,
<david.goodman@uaecorp.com>, <joe.greco@uaecorp.com>,
<elliot.roseman@us.pwcglobal.com>, <himesh.dhungel@us.pwcglobal.com>,
<mark.niehaus@us.pwcglobal.com>, <bruce.a.connell@usa.conoco.com>,
<pete.frost@usa.conoco.com>, <JJB@VNF.com>, <twicks@wcp.twc.com>,
<dennis.keener@williams.com>, <jane.mudgett@williams.com>,
<Judy.Neason@williams.com>, <kerwin.grider@williams.com>,
<mike.grim@williams.com>, <robert.o'connell@williams.com>,
<samuel.kwong@williams.com>, <Terrie.Donahue@williams.com>,
<gackerman@wptf.org>
cc: "Jackie Gallagher" <JGallagher.EGAPOST.EGA@epsa.org>, "Julie Simon"
<JSIMON.EGAPOST.EGA@epsa.org>, "Mark Bennett"
<MBennett.EGAPOST.EGA@epsa.org>, "Samantha Slater"
<SSLATER.EGAPOST.EGA@epsa.org>
Subject: San Diego Gas & Electric Complaint

Attached is the San Diego Gas & Electric Company complaint for your review.
In its complaint, SDG&E has requested that FERC make answers, motions to
intervene and protests due 15 days after the date of filing.  Please contact
Mark Bennett with comments at 202.789.7200 or mbennett@epsa.org.
In addition, the docket number is EL00-95-000.

Jacqueline Gallagher
Research/Policy Assistant
Electric Power Supply Association
1401 H Street, NW
Suite 760
Washington, DC  20005
202.789.7200
202.789.7201
jgallagher@epsa.org

 - 8 2 Complaint.doc
 - APPENDIX A-E.DOC
 - JUNJULdata.xls


I would like to cancel my registration for this class.

Thanks,

Susan Pereira

Ernie
02/15/2001 12:17 PM
Sent by: Susan W Pereira
To: Susan W Pereira/HOU/ECT@ECT
cc:
Subject: Class Confirmation - Harassment Avoidance

You are enrolled in the following class:

Harassment Avoidance

Class Days and Times:
  3/5/2001  02:45:00 PM - 04:15:00 PM
Room # & Location: DoubleTree-La Salle B,  Houston
Last Day to Cancel: 03/05/2001
Participant Fee: $50.00
Note:

Please review any prerequisite material to validate your eligibility in this
class.
Your Company and RC will be charged $50.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


That's so weird.  Prentice left her car door ajar (when she went to go to
school yesterday morning, it was dead and she had to get a jump).

I was surprised that the phone was only 300 pesos.  I thought they'd charge
by the minute, but apparently, it's a flat 10 pesos for local (i.e., 800
calls), no matter how long one's one.

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	04/03/2001 04:00 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE: Domaine

I left the car light on - battery totally dead!  Freezing cold in SF - no
coats - landed at 9 pm - home at 12:30 am.  ugh!!!  300 pesos is just the El
Cid part of the bill - I think the rest will be on your card.  Eldon
actually got them to adjust some of that off as well cuz he said your
connection kept going off.   I say "If only life always gave us credits when
our connections went off!"

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, April 03, 2001 1:50 PM
To: Nancy Sellers
Subject: RE: Domaine

we got back ok.  (i didn't know tulsa had such a neat airport.)

                    Nancy Sellers

                    <Nancy.Sellers@RobertMo        To:
"'Jeff.Dasovich@enron.com'"
                    ndavi.com>                     <Jeff.Dasovich@enron.com>

                                                   cc:

                    04/03/2001 03:50 PM            Subject:     RE: Domaine

you don't want to know

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, April 03, 2001 1:47 PM
To: Nancy Sellers
Subject: RE: Domaine

The entire phone bill is 300 pesos???  Yes, please fax to me.  And please
email me rest of expenses when you get a chance so I can write you a check
for everything (plane,phone, golf, etc., etc.)

You guys get back OK?


It would appear to me that the closing of the Salmon equity sale will not
occur until May something or other, so that the documents which are
deliverables at closing should have May something or other dates, and not
April.  Anyone see it any differently?

Kay


To confirm, I am away from the office Thursday April 12 through Thursday
April 19, but reachable by cell at most times.  As Thursday is the Early
Termination Date, the following will need to be completed in my absence (with
Section references to PG&E's Oct. 99 form of Master):

1.  PEGGY/JON:  Unless a replacement deal has been entered into, cut NITs as
of 8:00 am Thursday morning.

2.  GREG:  Determine an estimate of our (i.e. ECC) costs and expenses as a
result of the Default by PG&E, including for Canadian and US counsel under
Section 12.2, and estimating future costs and expenses to be incurred.

3.  CHERYL/JON/GREG:  Determine receivables owing as of the Early Termination
Date under Section 12.3, noting the portion that is pre-petition and the
portion that is post-petition.

4.  JON/GREG:  Obtain quotes from 3 dealers for the Market Value of the
terminated Transactions under Section 12.4.  Greg needs to sit with Jon when
the quotes are obtained, on a taped line, following the outline prepared by
Houston for Portland.  The quotes obtained are to be entered into the log
sheets prepared by Credit, and returned to Credit.  The calls are to be saved
and kept by IT on tape/CD.  Quotation confirmation forms are to be completed
and sent to the dealers providing the quotes, and their return pursued.  A
single, aggregated MTM/early termination/liquidation amount for the
terminated Transactions is to be determined by comparing the Market Value to
the Contract Value and using the Prime Rate as the discount factor under
Section 12.5.

5.  CHERYL/JON/GREG:  Prepare our claim as the aggregate of 2 (costs and
expenses), 3 (receivables) and 4 (MTM) above.  Organize documentation and
quantification in a binder and send copies to Jeff Hodge and Elizabeth
Sager.  Once Jeff/Elizabeth have approved, to formalize the claim send a
notice with a copy of our claim and demand for payment to PG&E under Article
15 of the Master, with payment due on the next Business Day under Section
12.4(iv).  US counsel under Elizabeth Sager's supervision should then pursue
recovery through the bankruptcy proceedings, including by exercising any
direct or affiliate set offs to other positions.

6.  JON/GREG:  If it has not been negotiated and documented before I leave, a
replacement transaction for the 75MM/day may have to be put in place with
PG&E, hopefully under our paper (GTC) with whatever amendments (i.e.
California law) are approved by Jeff Hodge.  We may have to use their paper
(Master) if necessary and approved by Jeff Hodge to obtain the security
interest in their receivables - in which case certain (not all) of the
amendments to their paper that we have been requesting will need to be made.

Peter.


I agree completely. We are the delivery vehicle for Kiodex.


FYI.  I haven't received the list.   Did you e-mail it?

Thanks.


My responses to one set of PG&E questions would be as follows.  Dean is
answering the other one and will send back to you directly.

* What is Enron's intent re: continuing involvement?  PG&E is
concerned about any potential requirements that they might be required to
either purchase fuel from Enron or engage Enron as the power marketer.

RESPONSE: Enron is very flexible re continuing involvement:  scheduling
coordination, fuel supply, power marketing, etc.  We are also flexible re the
time period and the terms of the continuing involvement.  Whatever
arrangement is developed would be mutually beneficial.

* What is status of EPC negotiations.  Will they be required to engage
NEPCO as the EPC contractor?  Does the EPC contractor have control over the
turbines?

RESPONSE: o EPC negotiations are complete with NEPCO.  Contract has not been
executed, but has been "put on the shelf" awaiting decision on successful
bidder for the purchase of the Pastoria project from ENA.  Successful bidder
and NEPCO will each have the option of executing the EPC agreement.

  o Successful bidder is under no obligation to engage NEPCO.

  o West LB has control of the turbines.  They can be assigned either to the
LLC or to ENA.  (If assigned to ENA, it was because the successful bidder for
the Pastoria project did not want the turbines with the acquisition.)  If
assigned to the LLC as part of the acquisition, the LLC can then assign the
turbines to the ultimate EPC contractor.

* They also questioned whether there would be any "agricultural
restrictions"?

RESPONSE: The project site is presently under a Williamson Act contract to
maintain agricultural use in exchange for lower taxes.  Last week, the Kern
County Board of Supervisors voted to cancel the Williamson Act contract to
allow for industrial use, which started a 180 day public comment period.
However, the Governor has on his desk a bill for signature that would reduce
the public comment period for the cancellation to the same time frame as the
request for rehearing period for the CEC Final Decision.  (The Governor has
until 9/30 sign the bill and is expected to do so because of the overwhelming
support of the bill in the Assembly and the Senate.)  The cancellation will
be contingent upon a successful CEC decision and a payment of a Williamson
Act cancellation fee.


FYI.  Please keep confidential and do not circulate.  This is just the first draft of a letter we're working with the large customers on in response the Angelides tantrum.  Only the large customers will sign, however.  I'll forward the final when they've completed it	.  Sue's working on ARM to do something akin from the suppliers side.

Best,
Jeff

-----Original Message-----
From: Dorothy Rothrock [mailto:drothrock@cmta.net]
Sent: Monday, October 22, 2001 1:35 PM
To: wbooth@booth-law.com; cra@calretailers.com; ek@a-klaw.com;
mikahl@ka-pow.com; djsmith@s-k-w.com; dhunter@s-k-w.com; Derek Naten;
'Dominic DiMare'
Cc: Dasovich, Jeff; Evelyn Elsesser; Loren Kaye
Subject: Reponse to Angelides

Wanna sign onto this letter to Loretta? Any suggestions? We could make it a CEA thing.

(I am copying Jeff D. as a courtesy...I think we need this to be just a customer deal).

Dot
498-3319


STEVE KEAN

Executive Committee Weekly Meeting
Date:  Monday, January 29
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom

 Yes, I will attend in person ___X____


-----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, April 23, 2002 9:43 AM
To:	Knippa, Mark
Subject:	FW: Nymex Strip

 -----Original Message-----
From: 	Polsky, Phil
Sent:	Thursday, April 18, 2002 8:44 AM
To:	Germany, Chris
Subject:	Nymex Strip

go to the link below to look at the gas strip.

 -----Original Message-----
From: 	Polsky, Phil
Sent:	Wednesday, April 17, 2002 4:27 PM
To:	Gregory, Paul
Subject:

http://hotcs.enron.com/fundyplasma/site/Financial.jsp


Kalen/David-

What are the facts surrounding this process? Surely what is outlined below can't be accurate...if it is- we need to figure out what can be done to shorten the timeframe. Please respond directly to Sabra L. Dinari and copy me.

Thanks.
 -----Original Message-----
From: 	Dinari, Sabra L.
Sent:	Thursday, December 06, 2001 2:48 PM
To:	Hall, Bob M; Kitchen, Louise; Lavorato, John; Black, Don; Dietrich, Janet
Subject:	Benefits for Terminated Employees
Importance:	High

Hi all,

I just got off the phone with the Benefits Center and they are informing people that it could take up to 90 days for them to send "termination packages" out to these employees and then you can send in your forms and it will take another 30 days to get a check, specifically talking about the Cash Balance Plan money.  This all happens AFTER they get a notice that you are terminated which they usually process on the 1st....come on, what is up with this???  It could very well take up to 5 months for people to get a check in their hands?  That is not right.  Since all of you have a lot more clout than me or any of the terminated employees, I'm hoping that someone will take this up with Human Resources or whomever to get this form downloadable or something to speed up this process.

Thanks.

Sabra Dinari


I got a voice-mail from Dean Vanek, Scottsborough's general counsel, just a
moment ago.  He has just come off a road trip and had a chance to read my
telefax.  Vanek will apparently send me some of the documentation I
requested, although it is not clear that he will send me the documents that
reflect that all the loads for which Scottsborough is being sued were in fact
purchased from MG Metals.

My last question on my telefax to Vanek was what attorney Vanek would
typically retain in a lawsuit such as this to defend Scottsborough.  Vanek
said in his voice-mail that in this suit, he does not intend to hire an
attorney.  Vanek said he would pay whatever the carrier was suing for, then
deduct that amount from whatever Scottsborough owes us for aluminum.  Then,
contradicting himself, Vanek said that he would join MG Metals as a party
(which would of course require him to retain an attorney).  I assume that he
probably could join us as a party on a breach of contract theory, given that
Scottsborough purchased the metal from us "freight prepaid".   I'm not sure
that an Alabama court has personal jurisdiction over Enron Metals sufficient
to allow joinder, but it might.

Vanek also seemed irritated at the time MG Metals had taken to reply to his
earlier communications, and directed me to our Montreal office if I wanted
copies of things he had previously sent to us.  Of course, we all decided
some time ago to take a "let sleeping dogs lie" strategy in hopes that a
carrier like Alabama wouldn't actually file suit.  In any case, I don't know
how much of this apparent irritation is real or is strategy.

I called Vanek back and again missed him, but left a voice-mail to the effect
that I read his message "loud and clear" and would jump on reviewing the
exhibits he was sending me as soon as I received them.  I told him that I was
particularly interested in them because if the bs/l were marked "freight
prepaid", then Scottsborough may have a good defense to the carrier's case.

As you may recall, ICTS has been joined as a party to this action.  ICTS is
the party that didn't pay the carrier.  I try to call ICTS and see what it
intends to do in this matter.

Britt


No Failures


Correct rate should be $ 0.095

Sorry.

DL

 -----Original Message-----
From: 	Lee, Dennis
Sent:	Friday, February 01, 2002 1:21 PM
To:	Bodnar, Michael; Buehler, Craig; Cherry, Paul; Dasilva, Esther; Donoho, Lindy; Frazier, Perry; Lee, Dennis; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Sheffield, Sandy; White, Angela
Subject:	Credit Approval   Western Gas Resources, Inc.

Credit Approval Requested:

Shipper :		Western Gas Resources, Inc.
Contract # :		27834
Service Type :	New FT
MDQ:			5,000 Dth/d
Rate:			$ 0.95
Term:			April 1, 2002 thru October 31, 2002

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com


Eldon is having some computer problems, so I am sending this out.  It might
be a good idea to copy me on your e-mail picks this week.
NANCY.SELLERS@ROBERTMONDAVI.COM

Let's hear it for the 49'er faithful!  All four of this week's winners put
their money on the Niners!

 1st place - NARVCO - also the ONLY person to take Baltimore over Denver!
 2nd place - HANK - hey, wait a minute - he's a RAIDERS fan!
 3rd place - ELDON
 4th place - GROWNEY

4 more people sat down thanks to the Colts and the Jaguars:  Andy, Daryl,
Eldon and Kent - leaving 16 people in the pool.

Attached also is the pick sheet for "Week 5"


----- Forwarded by Jeff Dasovich/NA/Enron on 05/18/2001 05:35 PM -----

	"Julia Wright" <jwright@s-k-w.com>
	05/17/2001 02:51 PM

		 To: "Marilyn Hawes" <marilyn@ceert.org>, "Kelly Boyd"
<kelly.boyd@asm.ca.gov>, "Karen Edson (E-mail)" <kedson@ns.net>, "Julee
Malinowski-Ball (E-mail)" <jmball@ns.net>, "Joseph Alamo" <jalamo@enron.com>,
"John White (E-mail)" <vjw@cleanpower.org>, "John Rozsa (E-mail)"
<john.rozsa@sen.ca.gov>, "John Redding" <john.redding@gene.ge.com>, "John
Larrea (E-mail)" <john.g.larrea@williams.com>, "John Fistolera"
<johnf@ncpa.com>, "John Fielder (E-mail)" <moravekj@sce.com>, "John Fielder
(E-mail 2)" <fieldejr@sce.com>, "John Bridges (E-mail)"
<bridgesj@epenergy.com>, "Joe Ronan" <joer@calpine.com>, "Joe Lyons (E-mail)"
<joseph.lyons@asm.ca.gov>, "Jim Groninger (E-mail)" <gronijn@texaco.com>,
"Jerry Jordan (E-mail)" <jordan@cmua.org>, "Jeff Dasovich (E-mail)"
<jdasovic@enron.com>, "Jeannie Cain (E-mail)" <jeanne.cain@calchamber.com>,
"Jan Smutny-Jones (E-mail)" <smutny@iepa.com>, "James D. Boyd (E-mail)"
<jim@resources.ca.gov>, "Jack Stewart (E-mail)" <jstewart@cmta.net>, "Jack
Gualco" <jackson_gualco@gualcogroup.com>, "Jack Flanigan (E-mail)"
<jackflanigan@flaniganlaw.com>, "Greg Hardy (E-mail)" <hardygl@texaco.com>,
"Grace Davis" <grace.i.davis@intel.com>, "Gordon McDonald"
<gordon.mcdonald@pacificorp.com>, "Gary Schoonyan" <schoongl@sce.com>, "Gary
Heath (E-mail)" <gheath@eob.ca.gov>, "Evelyn Elsesser (E-mail)"
<eke@aelaw.com>, "Eloy Garcia (E-mail)" <egarcia@ka-pow.com>, "Ed Yates
(E-mail)" <ed@clfp.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dorothy
Rothrock (E-mail)" <drothrock@cmta.net>, "Dominic DiMare"
<dominic.dimare@calchamber.com>, "Derek Naten" <derek.naten@roche.com>,
"Denny Samuel (E-mail)" <dsam@chevron.com>, "Dennis Price (E-mail)"
<priced@epenergy.com>, "Denice Cazalet" <dcazalet@apx.com>, "Delbert Fore
(E-mail)" <fore.delbert@epenergy.com>, "Delaney Hunter (E-mail)"
<dhunter@smithandkempton.com>, "Dan Carroll (E-mail)" <dcarroll@dbsr.com>,
"Craig Brown (E-mail)" <brownc2@epenergy.com>, "Cindy Howell"
<chowell@sempra.com>, "Charles Bacchi" <charles.bacchi@asm.ca.gov>,
"Catherine Hackney (E-mail)" <hacknece@sce.com>, "Carolyn McIntyre (E-mail)"
<cmcintyre@sempra.com>, "Brian Kelly (E-mail)" <brian.kelly@sen.ca.gov>, "Bob
Houston (E-mail)" <houstgrp@pacbell.net>, "Bob Foster (E-mail)"
<fosterrg@sce.com>, "Bill Keese (E-mail)" <wkeese@energy.state.ca.us>, "Bill
Dombrowski (E-mail)" <cra@calretailers.com>, "Bill Booth (E-mail)"
<wbooth@booth-law.com>, "Becky Kilbourne (E-mail)" <bakilbourne@calpx.com>,
"Barbara Barkovich (E-mail)" <brbarkovich@earthlink.net>, "Audra Hartmann
(E-mail)" <ath@cpuc.ca.gov>, "Art Carter (E-mail)" <debinorton@aol.com>,
"Anna Ferrera (E-mail)" <anna.ferrera@sen.ca.gov>, "Ann Cohn (E-mail)"
<cohnap@sce.com>, "Allan Lippincott (E-mail)" <alippin@mail.arco.com>, "Aaron
Thomas (E-mail)" <athomas@newenergy.com>
		 cc: "Karen Jarrell (E-mail)" <kjarrell@smurfit.com>, "Karen Koyano"
<kykoyano@calpx.com>, "Karen Lindh" <karen@klindh.com>, "Karen Mills
(E-mail)" <kmills@cfbf.com>, "Kari Harteloo" <klc@aelaw.com>, "Kassandra
Gough (E-mail)" <kgough@calpine.com>, "Kathy Brandenburg"
<katherinebrandenburg@flaniganlaw.com>, "Katie Kaplan" <kaplan@iepa.com>,
"Kay Grosulak" <kgrosulak@sppc.com>, "Keith McCrea (E-mail)"
<kmccrea@sablaw.com>, "Kent G. Smith (E-mail)" <ksmith@energy.state.ca.us>,
"Kent Palmerton" <kent.palmerton@williams.com>, "Kevin Lynch (E-mail 2)"
<diane.glenn@pacificorp.com>, "Kevin Lynch (E-mail)"
<kevin.lynch@pacificorp.com>, "Kevin Smith (E-mail)" <kevins@ncpa.com>, "Kip
Lipper (E-mail)" <kip.lipper@sen.ca.gov>, "Lawrence Lingbloom (E-mail)"
<lawrence.lingbloom@sen.ca.gov>, "Lenny Goldberg (E-mail)" <lga@mother.com>,
"Louis Szablya (E-mail)" <szablyal@epenergy.com>, "Marc Joseph (E-mail)"
<mdjoseph@adamsbroadwell.com>, "Mark Smith" <mark_j_smith@fpl.com>, "Marwan
Masri (E-mail)" <mmasri@energy.state.ca.us>, "Michael Alcantar (E-mail)"
<mpa@aelaw.com>, "Michael Florio (E-mail)" <mflorio@turn.org>, "Mike Kahl
(E-mail)" <mikahl@ka-pow.com>, "Mona Petrochko" <mpetroch@enron.com>, "Pete
Conaty (E-mail)" <pcaceo@pacbell.net>, "Peter Bray (E-mail)"
<pbray@newpower.com>, "Phil Nails (E-mail)" <phil.nails@asm.ca.gov>, "Phil
Stohr (E-mail)" <pstohr@dbsr.com>, "Ralph Cavanagh (E-mail)"
<rcavanagh@nrdc.org>, "Randy Chinn" <randy.chinn@sen.ca.gov>, "Ray Thompson
(E-mail)" <ray.thompson@sen.ca.gov>, "Richard Costigan III ESQ. (E-mail)"
<richard.costigan@asm.ca.gov>, "Richard Counihan (E-mail)"
<counihan@greenmountain.com>, "Richard Mesereau (E-mail)"
<Richard.mesereau@imc.asm.ca.gov>, "Robert Berry" <berry@apx.com>, "Robin
Larson (E-mail)" <rlarson@calso.com>, "Scott Tomashefsky (E-mail)"
<stomashe@energy.state.ca.us>, "Sheryl Carter (E-mail)" <scarter@nrdc.org>,
"Steve Ponder (E-mail)" <steve_ponder@fpl.com>, "Steven M. Pike (E-mail)"
<pikes@epenergy.com>, "Stu Wilson (E-mail)" <swilson@cmua.org>, "Sue Mara
(E-mail)" <smara@enron.com>, "Susan Reeder" <sreeder@sppc.com>, "Terry Winter
(E-mail)" <twinter@calso.com>, "Tim Schmelzer" <tschmelz@energy.state.ca.us>,
"Tommy Ross (E-mail)" <rosst@sce.com>, "Tony Braun" <braun@cmua.org>,
"Victoria Schaefer" <schaefvl@sce.com>
		 Subject: FW: Chairman Keese's presentation

The attached presentation is for today's CESG meeting.

Julia B. Wright
Executive Assistant
Smith, Kempton & Watts
980 Ninth Street, Suite 1560
Sacramento, CA 95814
(916)446-5508
(916)446-1499 Fax
jwright@s-k-w.com

 - CEC Presentation without NOTES.ppt


Oh by the way, I am going to take my car in on Monday, so maybe you can give me a ride on Monday.  I will let you know, thanks for the offer.  I do not know what I am doing this evening yet.  Probably not have time to do anything, I thought I would.  I am sorry.   I would like to meet for breakfast though.  Hope you have time.

I miss you today.


Stan,

Knowing that your schedule is tight, I wanted to drop you a not on two items;

1) I have had a couple discussions with Rod on the finance/accounting organization for Wind.  I understand that Adam is pushing for a new full-time CFO including a CFO for Europe.  Being open, Adam and I have different views on the direction of the organization.  My view is that many functions should be supported by the Enron infrastructure (including treasury, cash-management, insurance, IT, etc.).  Adam would prefer to stay autonomous and is attempting to direct initiatives to that end.  I continue to push the organization in the course that I believe makes most sense.  While we are both professionals, this situation does create a conflict.  In my opinion, the most serious issues in this business are not financial, they are operational and commercial.  I'll continue to work with Rod, but would be glad to discuss with you in further detail.

2) I understand that Steve Hotte is transferring to Wholesale and you are looking at several candidates.  I would like to offer you input on two candidates that I have had considerable experience with.  Both are worthy of serious consideration, and both capable of meeting your needs.

Everett Plante - I recruited Everett into Enron from a fairly high position at Compaq.  Initially he was in Enron International.  After the dissolution of EI he rolled into corporate for a short time, subsequently, I helped get him moved into EBS.  He was thought of very highly.  He has great organization skill and a practical view on technology.  He has been through several organizations since coming to Enron and he has adeptly dealt with change.

Andrew Parsons - Andrew has worked for me on Y2K and in his current role in IT Compliance.  Andrew has great interpersonal and teamwork skills.  He is very focused and goal oriented.  Andrew is currently a Sr. Director, but will be up for VP at yearend.  While not as experienced as Everett, Andrew has a lot of potential.  I know that Causey also thinks highly of Andrew.

Tod

PS -  I am always open to buying lunch.


I've added all the remaining characters that the system willl allow, "Board
of Port Commi".

	Samuel Schott @ ECT
	05/08/2001 05:24 PM

To: Tana Jones/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron
cc: Stephanie Sever/Enron@EnronXGate, Marilyn Colbert/HOU/ECT@ECT, Lisa
Lees/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Marcus
Nettelton/NA/Enron@ENRON

Subject: Re: EOL approvals, 05-02-01 _ GCP Response - Attn. Global SAP

Hello Tana,

The Global SAP team (Cheryl Johnson) handles any Counterparty Name changes
upon receipt of support documentation from the Counterparty.
Please forward any such documentation to Cheryl Johnson.

Thanks,

Best Rgds.

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

From: Tana Jones on 05/08/2001 05:08 PM
To: Samuel Schott/HOU/ECT@ECT
cc: Marilyn Colbert/HOU/ECT@ECT, Stephanie Sever/Enron@EnronXGate, Lisa
Lees/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Marcus
Nettelton/NA/Enron@ENRON
Subject: Re: EOL approvals, 05-02-01 _ GCP Response

Pursuant to the documentation the counterparty provided when they entered
into the power EEI, and at the direction of Marcus Nettelton, a lawyer in the
power group, the counterparty name for the Port of Oakland should set up in
GCP as follows:

The City of Oakland, a municipal corporation acting by and through its Board
of Port Commissioners

GCP, if you could please redo the counterparty name, and Stephanie, if you
could please resubmit the PA to match the counterparty name, then we can get
this one done...

	Samuel Schott
	05/03/2001 09:24 AM

		 To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/ENRON@enronXgate@ENRON, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT,
Stephanie Sever/ENRON@enronXgate@ENRON, Tom Moran/ENRON@enronXgate@ENRON,
Claudia Clark/ENRON@enronXgate@ENRON, William S
Bradford/ENRON@enronXgate@ENRON, Lisa Lees/ENRON@enronXgate@ENRON, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate@ENRON, Tanya Rohauer/ENRON@enronXgate@ENRON,
Kelly Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications@ENRON, EOL Call Center, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON, Stephanie Panus/NA/Enron@Enron,
Teresa Mandola/ENRON@enronXgate@ENRON, Bill Kyle/ENRON@enronXgate@ENRON,
Amber Ebow/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL approvals, 05-02-01 _ GCP Response

Any GCP adjustments will be highlighted in blue.

Best Rgds.

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

From: Walter Guidroz/ENRON@enronXgate on 05/02/2001 04:40 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/ENRON@enronXgate, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron
Communications@Enron Communications, Danny Clark/Enron Communications@Enron
Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber Ebow/HOU/ECT@ECT
cc:
Subject: EOL approvals, 05-02-01

Please see attached.


Dan Walters: Politicians seek shelter as energy Armageddon looms

(Published April 4, 2001)
There's been a subtle but unmistakable shift in the political atmosphere that
envelops California's energy crisis.
Politicians have concluded that the crisis is largely beyond their control
and the die is more or less cast. Whatever fate decrees - massive summer
blackouts, soaring utility bills or even the bankruptcy of the state's
utilities - will happen, and politicians from Gov. Gray Davis downward are
scrambling to insulate themselves from voters' anger and single out rivals
for blame.
No one is saying that publicly, of course, but the fatalistic mood is very
apparent in the Capitol, whose denizens have dropped their preoccupation with
energy and moved to other matters. Legislative committees are working on the
hundreds of bills that had been stalled for three months while the special
committees that had been holding almost daily sessions on the energy crisis
have gone into semihibernation.
Last weekend's Democratic state convention in Anaheim was dominated by fears
that when the crisis hits home, the party's dominance of the Capitol will
backfire. "Just remember Jimmy Carter," state Controller Kathleen Connell
warned fellow Democrats, adding that they will have "no excuses" for
perceived failure to deal with the crisis forthrightly. "We will be
accountable on Election Day 2002," she said.
Next year's elections are very much on Davis' mind, since he'll be seeking a
second term and polls indicate that his approval ratings have declined
sharply in recent weeks. He devoted much of the weekend to defending his
actions, saying, "I believe we've moved at warp speed to address this
problem," and trying to pin blame on Republicans.
Republicans, meanwhile, sense that the crisis gives them an avenue of escape
from the dungeon of irrelevancy to which they had been exiled by heavy losses
in the last three elections. The only remaining statewide GOP officeholder,
Secretary of State Bill Jones, is running for governor by accusing Davis of
mismanagement, and Republican Assembly members dumped their leader, Bill
Campbell, on grounds that he had been insufficiently aggressive vis-a-vis
Davis.
The political positioning reflects the reality that the crisis shows every
sign of worsening. Although Davis' office is distributing a brochure entitled
"Meeting the Energy Challenge" to defend the governor's actions, it's
apparent that none of the steps the governor has taken is bearing much fruit.
The state is spending at least $50 million a day on emergency power
purchases, but what was supposed to be a short-term program has evolved into
a monthslong drain on the state's rapidly shrinking budget reserves. The
long-term supply contracts that were supposed to replace daily spot purchases
have bogged down, and without firm contracts and a revenue stream to pay for
them, Wall Street is reluctant to market the bonds the state wants to float.
Many authorities now believe Davis' decision to step into the power purchase
market in January was a strategic error because it gave power suppliers a
deep new pocket to tap just as the utilities themselves ran out of credit.
Davis, meanwhile, is refusing to embrace a rate increase approved by the
state Public Utilities Commission, which sends a mixed message to Wall
Street, and efforts to resolve problems with unpaid bills from power
generators and have the state acquire the utilities' intercity transmission
grid have stalled, perhaps permanently.
The crisis may careen totally out of control as summer arrives, raising the
specter of elderly and/or ill Californians dying from having their air
conditioners or medical equipment shut down. And the utilities are closer to
bankruptcy now than at any other point in the nearly yearlong crisis.
Plan A isn't working, and there is no Plan B - except for bankruptcy. With
Armageddon looming, politicians have retreated into the bunker, hoping to
protect themselves from what could be a firestorm of anger.
The Bee's Dan Walters can be reached at (916) 321-1195 or dwalters@sacbee.com
.


FYI - sounds as if Michelle is accepting.  Do you have anything firm from
her?  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 03/27/2001 10:20 AM
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           03/26/2001 09:29 AM

To: "Michelle Lee" <michelle_lee37@hotmail.com> @ ENRON
cc:
Subject: Re: Thank You

Thanks for your note.  I really enjoyed visiting with you over dinner.  I am
so glad to hear that you will be joining us at Enron this summer.  I know
that you will find it to be an exciting place.  Please let me know what your
start date will be.  I would love to schedule a lunch with you soon after you
arrive.  I hope that you will consider me a ready resource for any questions
that you have both before you arrive and once you are in the door at Enron.
--Sally

"Michelle Lee" <michelle_lee37@hotmail.com> on 03/25/2001 10:55:03 PM
To: sally.beck@enron.com
cc:
Subject: Thank You

????????????????	Ms. Beck:

	Thank you for taking time out of your busy schedule to attend the Enron
Dinner at Sullivans last Wednesday. Your enthusiasm and energy reaffirmed my
decision to come on board with Enron this summer. It was a pleasure meeting
you, and I hope we can keep in touch. I am very excited about the opportunity
to work at Enron, and I look forward to seeing you this summer. Thanks again.

	Yours truly,

	Michelle Yee
	(512) 495-3264
	myee@mail.utexas.edu

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


PLEASE NOTE THE FOLLOWING CHANGES TO THE PROJECT LIST FOR LNG PROJECTS

NEW PROJECT:

	PROJECT NAME			#		DESCRIPTION

1.	WEST COAST DEVELOPMENT		C00597201XX	TO RECORD TIME AND EXPENSES FOR DEVELOPMENT ACTIVITIES RELATING TO CALIFORNIA 								AND MEXICO

2.	ELBA ISLAND MARKETING EFFORTS	C00597301XX	TO RECORD TIME AND EXPENSES RELATING TO MARKETING EFFORTS

CHANGES TO EXISTING PROJECTS:

HOEGH GALLEON MERCHANT ACTIVITIES AND SPOT SALES PROJECTS ARE NOW COMBINED. PLEASE USE E.00017601XX  FOR CODING TIME AND EXPENSES.  PLEASE NOTE THAT SPOT SALES PROJECT # E.00077201XX WILL NOT ACCEPT ANY CHARGES .

DOM REP C00099002XX IS CLOSED AND WILL NOT BE ACCEPTING ANY CHARGES GOING FORWARD.

IF YOU HAVE ANY QUESTIONS , PLEASE FEEL FREE TO CALL:

BARBARA GARCIA		54369
ROBERT WINGENTER		54370
SHILPA KADAKIA			54502

FOR CODING TODAY'S TIMESHEET, PLEASE NOTE THESE CHANGES.

SHILPA


WHERE DOES THIS STAND???????????????????????????????  We need to contact
Rodolfo.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 08/12/99 04:58
PM ---------------------------
From: Rodolfo Freyre AT ENRON_DEVELOPMENT@CCMAIL on 08/12/99 10:12 PM
To: Sara Shackleton@ECT
cc:
Subject: EDEN

Importance:  High
---------------------------------

Sara,

Could you please tell me were we are standing on the MSA for EDEN? I am not
going to be in the office tomorrow, but I would like to send the MSA to EDEN
the following week. Do you see that possible?

Regads,

Rolo


Please shut down the above counterparty from trading all financial products.
They are no longer an ESP.