Marisa, Rafael, and Darryl,

Based on Darryl and my discussions with Rafael earlier this week, the accounting treatment for Modesto Maranzana plant and the associated gas and power contracts will be changed from MTM to accrual effective with December accounting.

Changes
PPA Amortization and Depreciation  -  Marisa
We need to adjust the PPA amortization and depreciation ytd balances.
PPA amortization - the actual amount of the purchase price allocated to the contracts was different from the $2,220,219 used in the MTM model.
Depreciation - I know the salvage value in the model $10,000,000 USD after 5 years is different and I think you were using a longer useful life.
Marisa, please calculate the impact of these changes and let Rafael, Darryl, and myself know.

MTM Reversal  -  Martha & Darryl
The net impact of reversal the MTM will be a gain of approximately $978,000.  This is the reversal of the forward value recorded for the PPA's and plant as of November 30, 2001.  Effective today, I will stop including the positions in the feeds to RistRAC.

Interest  -  Martha
Still waiting to see if we reserve the historial amounts.  The impact on 0502 books is zero as the expense and revenue was booked to the same account just different profit / cost centers.  The income was booked to Modesto Capital Charge 27244 / 150407 which was supposed to roll up to the Office of the Chair for Lavo.  Left Georgeanne Hodges a message on the subject.

If you think of any I forgot to mention, please let us know.

Martha


You have received this email because you are listed as a security approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000077131&Page=Approval to review and act upon this request.

Request ID          : 000000000077131
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Resource Type       : Applications


Candidate list update:
Thank you Troy and Roel for your input into the pre-interview questions. The
final list of 12 questions has been sent to 10 of the 12 candidates on the
interview list -  we have one confirmed drop-out (he says no contract, no
interest) and one who has not yet returned my phone call.

Meeting 3 specifics:
When - Tuesday, March 6 from 8am to 2pm
Where - Enron, 1400 Smith, conference room 50M3
What - Interview of selected FC candidates

See everyone then,
Lisa


No attachment

-----Original Message-----
From: Cash, Michelle
Sent: Monday, December 31, 2001 9:11 AM
To: Lavorato, John; Kitchen, Louise
Cc: Schuler, Lance (Legal); Oxley, David; mary.jean.potenzone@weil.com
Subject: Revised Cover Memo

John and Louise,

I have taken John's draft and added a few thoughts, including the issue of what happens if there is not a new agreement with counterparty (the Enron agreement remains in effect), the possibility that the new entity may not hire everyone, and the concept that they transfer to the new entity upon closing.

Let me know your thoughts.

Michelle


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Cash?

 -----Original Message-----
From: 	Miller, Kent
Sent:	Monday, October 22, 2001 3:48 PM
To:	Horton, Stanley; McCarty, Danny
Cc:	Hayslett, Rod; Neubauer, Dave; Neville, Sue; Miller, Mary Kay; Fossum, Drew
Subject:	November Operational Storage Purchases

Stan,

In October we had a plan to purchase 0.5 Bcf of gas that was projected to bring our operational storage level to 12 Bcf by the end of the month and were concerned about over-filling our storage fields from potential long gas by shippers.  In reality, prices have risen and shippers have shorted the system by 1.7 Bcf month-to-date.  Our original plan, based on a combination of physical requirements and regulatory strategy was as follows:

Ending October Balance		12 Bcf
Ending November Balance		13 Bcf
Ending December Balance		14 Bcf

To acheive this plan we are projecting a purchase in November of at least 2.5 Bcf (depending upon shipper short gas over the remainder of the month).  We also expect to receive 0.3 Bcf of SBA imbalance payback in November that should raise the operational storage levels to approximately 13 Bcf.  We are still at risk for over-filling our storage fields in November and do not wish to buy any volumes that might push us over the 13 Bcf operational storage level.  Therefore, we are targeting the purchase of 2.5 Bcf of gas (which may be adjusted based on the customer's imbalances over the next week) for November.

Kent


No, Alliant only agreed to pay for the commodity and cashout imbalance invoices for the previous 6 months (which they did).  They sent Northern a letter stating they disputed our collection beyond the 6 month GISB window.  I had worked with Kathy Washington and Dan Fancler to make sure the $932,585 would be placed in suspense versus showing up as a receivable on our books.

I am still working with Dari and Shelly on a letter to be sent to Alliant which addresses the GISB standards and the fact Northern believes they are responsible for the invoices.

 -----Original Message-----
From: 	Zadow, Raetta
Sent:	Monday, September 17, 2001 1:13 PM
To:	Blair, Lynn; Washington, Kathy; Fancler, Dan; Sebesta, Chris
Cc:	Zadow, Raetta
Subject:	Alliant Energy - IES Utilities dispute re: Poi 2870 - Cherokee #1 TBS - July 99 thru April 2001

Lynn, regarding the letters that you asked me to look over, I thought that they had agreed to pay these invoices.  We currently have on IES's accounts receivable an amount of $932,585.91 which represents $25,342.30 for commodity invoices and $907,243.61 for imbalance invoices.  We have already waived the DDVC invoices of $23,697.36.  If you have any further questions, just let me know.

Thanks,

Raetta


How does 3 pm look ?

Leonardo Pacheco@ENRON
02/06/2001 10:25 AM
To: Harry Arora/HOU/ECT@ECT
cc:

Subject: Re: TSS Presentation

I am open after 2:00 Pm. Let me know when I can come by your office.

Thanks!

Leonardo

Harry Arora@ECT
02/05/2001 06:34 PM
To: Leonardo Pacheco/Corp/Enron@ENRON
cc:

Subject: Re: TSS Presentation

Leonardo

Lets do one more iteration some time tomorrow.  These are looking pretty
goood.

Harry


----- Forwarded by Jeff Dasovich/NA/Enron on 04/24/2001 05:19 PM -----

	Robert C Williams/ENRON@enronXgate
	04/24/2001 08:47 AM

		 To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, mday@gmssr.com@SMTP@enronXgate, Jeff
Dasovich/NA/Enron@Enron
		 cc: Wanda Curry/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
		 Subject: FW: DA Account Balances

As you can see from below, I don't see how we can support the PE Advice
Letter.  We reserved our right to oppose it in the stip.  I think we should
clarify that SCE will acknowledge our full claim ($124 million) without any
offset in exchange for our cooperation with the MOU.

 -----Original Message-----
From:  Megan.Scott-Kakures@sce.com@ENRON
[mailto:IMCEANOTES-Megan+2EScott-Kakures+40sce+2Ecom+40ENRON@ENRON.com]
Sent: Monday, April 23, 2001 2:52 PM
To: Williams, Robert C.
Cc: Jennifer.Tsao@sce.com
Subject: DA Account Balances

Attached is our record of credit balances for Enron DA accounts, as of
April 20.  The $84 million or so I referenced this morning is our
calculation of what SCE owed through 1/18.  If the PE credit methodology is
approved and applied back to January 19, then Enron would be rebilled for
$68 million (for transmission and distribution charges), which offset
against the earlier credit and the credit calculated for 1/19 - 4/20,
reduces the total credit owed to $62 million.

As we discussed, Jenny is more familiar than I with the details of the
credits and will call you back with someone from our Billing/Credit group
who is even more familiar.

(See attached file: Enron PX Credits as of 4-20-01.xls)
 - Enron PX Credits as of 4-20-01.xls


Please schedule lunch in late April.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 03/19/2001 11:58 AM -----

	"Swanstrom, Bill" <BSwanstrom@lockeliddell.com>
	03/16/2001 10:40 AM

		 To: "'mark.e.haedicke@enron.com'" <mark.e.haedicke@enron.com>
		 cc: "Wood, Don" <DWood@lockeliddell.com>
		 Subject: Lunch

Mark, it's been awhile since we visited, so I thought it would be good if Don
and I could get together for lunch sometime in the next couple of weeks.  Don
and I are available on the 21st,  28th and 30th, and April 3-5.

H. William Swanstrom
Locke Liddell & Sapp LLP
bswanstrom@lockeliddell.com
(713) 226-1143


We had a meeting at Wilmer Cutler's office today to discuss the reply brief
(due on July 2).  Attached is the first draft of the brief -- a redraft will
be circulated COB Wednesday which will revise this brief somewhat but not
significantly.  I will circulate the revised brief once I receive it.  Wilmer
asks that we get comments back to them by Noon on Friday.

Lou feels very good about New York being defeated in its petition.  Almost
all of the intervenor briefs have been against New York, and Lou thinks he
can almost promise that the Court will not rule in favor of New York.

With regard to Enron's position, Lou feels that we have the upper hand
legally but he is concerned that our position lacks passion -- a reason why
the Court should rule against the regulator.  We talked about ways to augment
the reply brief to show the court why it must overturn FERC on the bundled
retail transmission issue.

At the end of the meeting, I asked Lou to give us his best guess at our odds
of prevailing.  Very informally, and somewhat in jest, Lou gives us a 37.5
percent chance of winning the bundled transmission argument.  John, another
attorney at Wilmer working on the brief, gives us a 42 percent chance of
prevailing.  Although these are non-binding, informal estimates, I thought
everyone would like to hear the odds our Supreme Court council are giving us.

Please let me know if you have any comments on the brief by noon on Friday.

Thanks

Sarah

 - Combined reply draft v6.doc


Here's the current draft for a sanity check:


Enron and Dynegy each announced today that they are holding discussions about a possible merger of the two companies.  As you know, Dynegy is a major player in the energy marketplace, and is not only a competitor, but also a counterparty of Enron.  This is just one of several options that we are considering.

Upon receipt of this announcement, the NYSE briefly suspended trading of both Enron and Dynegy.  We have no additional information we can share at this time.  We'll keep you updated as developments occur.


Enron Troubles Only the Tip of the Iceberg?
TheStreet.com, 10/26/2001

Under the Radar: Enron's Flickering Bulb
TheStreet.com, 10/26/2001

DJ Enron Unit,New England Market Downplay Report Of Default
Dow Jones, 10/26/2001

Enron Lawsuit Over Microsoft Broadband Agreement May Block MSN
Bloomberg, 10/26/01

Enron Executives Sent Requests for Details of Affiliate Profits
Bloomberg, 10/26/01

Enron Still Target in California Amid Other Problems (Update1)
Bloomberg, 10/26/01

Enron Bonds Fall as Company Taps $3 Bln Credit Line (Update5)
Bloomberg, 10/26/01

Keller Rohrback L.L.P. Investigates Potential Claims on Behalf of Enron Corp. -- ENE -- Employees and Former Employees
Business Wire, 10/26/01

Enron Troubles Only the Tip of the Iceberg?
By Peter Eavis <mailto:peavis@thestreet.com>
Senior Columnist
TheStreet.com
10/26/2001 05:23 PM EDT
URL: <http://www.thestreet.com/markets/detox/10003083.html>

Dealings with a related party have tarnished Enron's (ENE:NYSE - news - commentary) reputation and crushed its stock, but it looks like that case is far from unique.
The battered energy trader has done business with at least 15 other related entities, according to documents supplied by lawyers for people suing Enron. Moreover, Enron's new CFO, who has been portrayed by bulls as opposing the related-party dealings of his predecessor, serves on 12 of these entities. And Enron board members are listed as having directorships and other roles at a Houston-based related entity called ES Power 3.
The extent of Enron's dealings with these companies, or the value of its holdings in them, couldn't be immediately determined. But the existence of these partnerships could feed investors' fears that Enron has billions of dollars of liabilities that don't show up on its balance sheet. If that's so, the company's financial strength and growth prospects could be much less than has generally been assumed on Wall Street, where the company was long treated with kid gloves.
Enron didn't immediately respond to questions seeking details about ES Power or about the role of the chief financial officer, Jeff McMahon, in the various entities. Enron's board members couldn't immediately be reached for comment.
Ten Long Days
Enron's previous CFO, Andrew Fastow, was replaced by McMahon Wednesday after investors criticized Fastow's role in a partnership called LJM, which had done complex hedging transactions with Enron. As details of this deal and two others emerged, Enron stock cratered.
The turmoil that resulted in Fastow's departure began two weeks ago, when Enron reported third-quarter earnings that met estimates. However, the company failed to disclose in its earnings press release a $1.2 billion charge to equity related to unwinding the LJM transactions. Since then, investors and analysts have been calling with increasing vehemence for the company to divulge full details of its business dealings with other related entities. Enron stock sank 6% Friday, meaning it has lost 56% of its value in just two weeks.
Enron's End Run?
New financial chief's involvement in Enron business partners
Enron-Related Entity	Creation DateMcMahon Involved?

ECT Strategic Value Corp.4/18/1985	Yes
JILP-LP Inc.	9/27/1995	Yes
ECT Investments Inc.	3/1/1996	Yes
Kenobe Inc.	11/8/1996	Yes
Enserco LLC	1/7/1997	Yes
Obi-1 Holdings LLC	1/7/1997	Yes
Oilfield Business Investments1/7/1997	Yes
HGK Enterprises LP Inc.	7/29/1997	Yes
ECT Eocene Enterprises III Inc.2/20/1998Yes
Jedi Capital II LLC	9/4/1998	Yes
E.C.T. Coal Company No. 12/31/1998	Yes
ES Power 3 LLC	1/7/1999	Yes
Enserco Inc.	3/25/1999	No
LJM Management LLC	7/2/1999	No
Blue Heron I LLC	9/17/1999	No
Whitewing Management LLC2/28/2000	No
Jedi Capital II LLC	4/16/2001	No
Source: Detox
However, Enron has yet to break out a full list of related entities. The company has said nothing publicly about McMahon's participation in related entities, nor has it mentioned that its board members were directors or senior officers in ES Power 3. (Nor has it explained the extensive use of Star Wars-related names by the related-party companies.) It's not immediately clear what ES Power 3 is or does. So far, subpoenas issued by lawyers suing Enron have determined the names of senior officers of ES Power 3 and its formation date, January 1999.
Among ES Power 3's senior executives are Enron CEO Ken Lay, listed as a director, and McMahon and Fastow, listed as executive vice presidents. A raft of external directors are named as ES Power 3 directors, including Comdisco CEO Norman Blake and Ronnie Chan, chairman of the Hong Kong-based Hang Lung Group. A Comdisco spokeswoman says Blake isn't commenting on matters concerning Enron and a call to the Hang Lung group wasn't immediately returned.
Demands, Demands
Rating agencies Moody's, Fitch and S&P recently put Enron's credit rating on review for a possible downgrade after an LJM deal that led to the $1.2 billion hit to equity. Enron still has a rating three notches above investment grade. But its bonds trade with a yield generally seen on subinvestment grade, or junk, bonds, suggesting the market believes downgrades are likely.
If Enron's rating drops below investment grade, it must find cash or issue stock to pay off at least $3.4 billion in off-balance sheet obligations. In addition, many of its swap agreements contain provisions that demand immediate cash settlement if its rating goes below investment grade.
Friday, the company drew down $3 billion from credit lines to pay off commercial paper obligations. Raising cash in the CP market could be tough when investors are jittery about Enron's condition.
This week, a number of energy market players reduced exposure to Enron. However, in a Friday press release, CEO Lay said that Enron was the "market-maker of choice in wholesale gas and power markets." He added: "It is evident that our customers view Enron as the major liquidity source of the global energy markets."
McMahon reportedly objected to Fastow's role in LJM, allegedly believing it posed Fastow with a conflict of interests. But he will need to convince investors that the 12 entities he's connected to don't do the same. Enron has said that its board fully approved of the LJM deals that Fastow was involved in. Now, board members will have to comment on their own roles in a related entity.

Under The Radar: Enron's Flickering Bulb
By Christopher Edmonds <mailto:cedmonds@thestreet.com>
Special to TheStreet.com
10/26/2001 05:08 PM EDT
URL: <http://www.thestreet.com/comment/chrisedmonds/10003075.html>

While the bulb at Enron (ENE:NYSE - news - commentary) may not have burnt out, it's clearly flickering. To date, investors aren't sure whether Chairman and CEO Ken Lay is up to the task of re-energizing the company he once built to greatness.
What's happened at the Houston energy giant-turned-dwarf could've been imagined with any number of ne'er-do-well companies during the well-chronicled bubble. But this is Enron. As one longtime Enron bull and shareholder said, "I never had to worry about Enron's ability to survive until this week. I still find it hard to believe."
Peter Eavis has done an exceptional job of chronicling Enron's adventures for some time. If you'd listened to him earlier this year, you'd have profited from his knowledge. His reporting on Enron's partnership shenanigans to the departure of Chief Financial Officer Andrew Fastow has been outstanding.
The rumors -- from a pending bankruptcy to a Justice Department investigation -- are, for now, just that. And, Enron did not single-handedly cause the California power crisis, nor is Royal Dutch/Shell (RD:NYSE - news - commentary) about to make a bid to buy the company. Sources do tell me that head-count reductions are likely through employee buyout offers and the company is set to refocus on its core energy business. And, while former CEO Jeff Skilling shares culpability for the current mess, his departure appears only indirectly related to Enron's current woes.
Now, Enron faces the daunting challenge of rebuilding both its business and, more importantly, its reputation.
The Company's Challenge
But what does Enron do now? It's very simple. Come clean, clean up the mess and refocus on its core business: wholesale energy markets, risk management and retail energy services. They support each other and create a platform that can be plenty profitable without a lot of gimmicks.
"Our gut feel is that Enron can pull it off, and long-term investors should hold firm, as eventually the stock gets valued on earnings, with upside potential to $25 per share over the next 12-18 months," says Jeff Dietert, power analyst at Simmons & Co. and a member of the TSC Energy Roundtable. "We believe new money with high risk tolerance should wait until Enron announces its intentions for communicating a clear path to recovery."
Dietert outlines four challenges for Enron. One, management must regain the Street's confidence and persuade investors that it can resolve balance-sheet strength and generate the expected earnings and cash flow. Two, Enron must maintain its investment-grade credit rating. Three, Enron must successfully execute its divestiture plans. Four, Enron must control the timing of the recognition of the write-down in the value of any assets where market value is less than book.
Straightforward? Yes. Easy to accomplish? No.
Although Enron says additional write-downs are unlikely -- except a $200 million charge early next year as the result of an accounting change -- analysts aren't so sure. They're focused on the company's Global Assets portfolio, sporting $6 billion in book value but generating an EBIT (earnings before interest and taxes) loss of $18 million over the past 12 months.
The divestitures include $390 million in exploration and production assets in India, $250 million in a Puerto Rico power plant and $250 million in a Brazilian power plant in the fourth quarter as well as the pending sale of Portland General, which is set to close in 2002. There will likely be others. However, Enron has to execute here, and given the current state of its affairs, the seller will feel the pressure.
The credit-rating issue is a fine line. The current ratings, BBB+ from Standard & Poor's and Baa1 from Moody's, are three levels above non-investment grade. However, both rating agencies now have Enron on their radar screens for possible downgrades. Dietert estimates that Enron's debt-to-market cap will be about 48% by year-end, and the company has interest coverage (EBITDA/ interest expense) of about 3.5 times. By comparison, the average S&P BBB-rated company has a debt-to-cap of 47.4% and interest coverage of about 6.1 times. The average BB company has debt-to-cap of 61.3% and interest expense of 3.8 times.
Frankly, everything falls on Enron's management team and its ability to reassure investors. "If Enron's management does not step up to calm investor fears, these fears could become a self-fulfilling prophecy," Dietert says. "In the potentially vicious cycle, investor fears could drive stocks down; the lower stock prices force the rating agencies to consider downgrades; potentially lower credit ratings force counter-parties to reduce exposure to Enron, limiting Enron's ability to generate earnings and cash flow."
It's time for Enron to grow up. Despite a lot of uncertainties and risk, I think it will. Investors with risk capital should do their homework on the stock and think about strategy. It's a tough call that requires strict, individual discipline.
There's an irony to this whole story, especially in Enron's lack of candor in reporting its financial results. In a much-lauded advertising campaign, Enron, looking to challenge conventional wisdom, asks the simple question, "Why? Ask why."
Investors are now asking. It's time for Ken Lay to answer.
First Things First
Many readers have asked about my relative quietness this week. Thank you for your concern. My father has fallen ill after fighting the effects of a brain tumor for more than a decade.
The choice was easy. I'm with him and my family.
Enjoy your weekend with family and friends.

DJ Enron Unit,New England Market Downplay Report Of Default
2001-10-26 17:14 (New York)

   By Kristen McNamara
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Enron Corp.'s (ENE) retail sales unit defaulted on its
credit requirement in New England's wholesale power market this month, but the
event was neither unique nor newsworthy, the energy company and the
organization that developed the market's rules said Friday.

  The operator of the region's wholesale power market informed Enron Energy
Services last week that, for the third time in 12 months, it had traded a
greater volume of electricity than allowed by the bond it had posted and was at
risk for expulsion from New England's market.

  But it was administrative mixups, rather than financial problems, that
triggered the warning, which a few other companies have also received in the
past, the market's rulemaker said.

  "I can state with considerable confidence that there have been other
participants" that have defaulted on their credit agreements, "and it's never
been in the news," said David Doot, secretary and general counsel for the New
England Power Pool, which developed the policies governing the region's
electricity market. "My instinct is that this is blown way the hell out of
proportion."

  News of the Enron unit's default appeared in a trade publication and a major
metropolitan newspaper this week, as Enron's dealings with partnerships headed
by its former chief financial officer contributed to a plunge in the company's
stock and bond prices.

  Enron Energy Services never received word that it had defaulted on its
bonding requirement twice before, because both times it corrected the problem
within a day, spokeswoman Peggy Mahoney said.

  The letter sent by ISO New England, which operates the region's power market,
to notify the Enron unit of its third violation was addressed to the wrong
person, delaying the company's response, Mahoney said.

  "Clearly, it was an administrative error that we immediately took care of to
ensure that we would never exceed the volume limit," Mahoney said.

  The company resolved the problem by Oct. 19, Mahoney said. ISO New England
spokeswoman Ellen Foley confirmed Friday that the company had cured its
default.

  It's rare for a company to default three times, but it has happened on
occasion, Foley and Doot said.

  "I won't say it's commonplace, but I won't say it's unusual for a participant
to find itself out of compliance," Doot said. "Those things have in fact
happened from time to time."

  -By Kristen McNamara, Dow Jones Newswires; 201-938-2061;

Enron Lawsuit Over Microsoft Broadband Agreement May Block MSN
2001-10-26 16:47 (New York)

Enron Lawsuit Over Microsoft Broadband Agreement May Block MSN

     Houston, Oct. 26 (Bloomberg) -- Enron Corp.'s lawsuit
alleging Microsoft breached a contract for broadband services
could temporarily block the largest software company's high-speed
Internet service in some U.S. regions.

     Microsoft said the dispute temporarily blocks the company
from providing the high-speed service in areas where Enron
provides broadband access, leaving MSN fully operational only in
the 14 states where Qwest Communications International Inc.
operates, said Bob Visse, director of marketing for MSN.

     Enron's lawsuit was filed yesterday. Microsoft had planned to
offer fast Internet access in 45 cities beginning yesterday to
give the largest software company access to potential customers in
29 million homes. Microsoft, the No. 2 U.S. Internet provider, is
making a push to win customers from AOL Time Warner Inc.

     ``We are trying to resolve the issues with Enron as quickly
as possible and at the same time we are evaluating other
providers,'' Visse said.

     Officials at Houston-based Enron, the largest energy trader,
did not immediately return calls for comment.

                         The Agreement

     Enron in June signed an agreement with Microsoft to provide
bandwidth for MSN Internet service. Under the agreement, Enron
isn't required to deliver operational broadband services if
Microsoft hasn't first provided a billing and ordering system, Dow
Jones newswire reported.

     Enron claims in its lawsuit that Microsoft failed to deliver
the ordering and billing system required in the initial phase of
the deal, Dow reported.

     Enron's lawsuit comes after Microsoft said in an Oct. 23
letter that Enron will have breached the contract if it hasn't
provided an operational bandwidth system by Oct. 25, allowing
Microsoft to recover damages.

     Shares of Redmond, Washington-based Microsoft fell 36 cents
to $62.20, while Enron shares fell 95 cents to $15.40.

--Joyzelle Davis in Los Angeles (213) 617-0582, or

Enron Executives Sent Requests for Details of Affiliate Profits
2001-10-26 15:36 (New York)

Enron Executives Sent Requests for Details of Affiliate Profits

     Houston, Oct. 26 (Bloomberg) -- Lawyers for a shareholder
suing Enron Corp. are asking executives of the largest energy
trader to disclose any income they made from their involvement
with affiliated companies that bought and sold Enron assets.

     Lawyers have made the requests to President Greg Whalley,
Vice Chairman Mark Frevert and Chief Financial Officer Jeff
McMahon and 83 other employees arrived at Enron's Houston offices
this week, said Paul Paradis, a partner in the New York law firm
Abbey Gardy. Requests also were sent to 17 Enron partnerships such
as Whitewing Management and Marlin Water.

     Paradis represents Fred Greenberg, an Enron shareholder who
is suing the company's board for allowing former Chief Financial
Officer Andrew Fastow to run partnerships that cost the company at
least $35 million in cash and $1.2 billion in lost shareholder
equity.

     The requests are aimed at determining if Enron executives
benefited financially from roles as officers and directors of
partnerships that bought and sold company assets. Enron formed at
least 18 such affiliated companies, listing executives and
employees as officers and directors of the partnerships, according
to Texas secretary of state records.

     Under Texas law, failure to respond to the document requests
will result in subpoenas being issued. Subpoenas could go out next
week if responses don't arrive by then, Paradis said. Enron
spokeswoman Karen Denne didn't respond to requests for comment
about the document requests.

     The executives earned no income from the partnerships, Enron
spokesman Mark Palmer has said. ``There are no financial interests
in the structures themselves for any Enron employee,'' Palmer
said. He said it's common for a company to name its executives to
the boards of affiliates.

                       Affiliates Have Debts

     Texas records show Chief Executive Officer Kenneth Lay,
Frevert, Whalley, McMahon and dozens of other people who list
their address as Enron's corporate headquarters serving as
officers and directors of limited liability companies and foreign
business corporations.

     The document requests ask Enron executives for information on
any form of compensation or benefit received from any of the
affiliates, including stock grants and options. They also ask the
executives to disclose any equity or partnership interests in the
affiliates.

     Enron formed many of the affiliates to buy company assets
such as power plants and natural-gas pipelines. That allowed Enron
to move debt associated with those projects off its books.

     The affiliates bought the assets with borrowed money. They
plan to repay the debt by eventually selling the assets. Enron
might be liable for any shortfall between the sales proceeds and
the debt. That could amount to at least $3.3 billion if the assets
don't generate any money, a remote possibility, the company has
said.

                            Few Answers

     Investors and analysts pressed Enron Chief Executive Officer
Kenneth Lay for details on the finances of the partnerships in a
conference call Tuesday.

     Today, Enron spokeswoman Karen Denne didn't respond to
questions about one of them, ES Power 3 LLC.

     Texas records list 78 Enron executives and employees as
officers, directors and managers of ES Power 3 LLC. The entire
Enron board is also listed.

     Shares of Enron $1.15 to $15.20 in late trading.

--Russell Hubbard in the Princeton newsroom at 609-750-4651, or at

Enron Still Target in California Amid Other Problems (Update1)
2001-10-26 16:15 (New York)

Enron Still Target in California Amid Other Problems (Update1)

     (Updates with closing share price in last paragraph.)

     Sacramento, California, Oct. 26 (Bloomberg) -- Enron Corp.,
facing an inquiry by federal securities regulators into
partnerships run by the former chief financial officer, remains a
target of investigations and lawsuits in California.

     California lawmakers and regulators have accused power
providers of manipulating the state's energy market to raise
prices. Enron, the biggest energy trader, and other power sellers
have denied the charges repeatedly.

     Next month, a California Senate committee investigating the
power market plans to hold a hearing to determine if Enron and
other generators are complying with subpoenas for trading
documents. Enron has been filing documents in Sacramento,
California.

     ``They are still putting documents in their depository, and I
don't think they've completed that process,'' said Alexandra
Montgomery, a consultant to the committee. It ``remains to be
seen'' whether Enron is complying with its subpoena, she said.

     The suits and inquiries came after wholesale power prices in
California soared, leaving the state's two largest utilities
insolvent. Under California's plan to open its electricity market
to competition, the utilities of PG&E Corp. and Edison
International weren't allowed to pass rising costs to customers.

     ``I know that we're doing our best to comply with what the
committee is asking for,'' Enron spokesman Mark Palmer. ``We are
putting documents in the depository, and we're looking forward to
a speedy resolution.''

     Shares of Houston-based Enron have fallen by more than half
since Oct. 16. The company ousted Andrew Fastow as the chief
financial officer Wednesday amid a U.S. Securities and Exchange
Commission inquiry into a partnership he ran that cost Enron $35
million.

                            Grand Jury

     Enron also is one of the companies being investigated for
civil and criminal violations by California Attorney General Bill
Lockyer, who convened a grand jury in June.

     Lockyer has been criticized by Enron officials for telling
the Wall Street Journal in May that he would like to put Enron
Chairman Kenneth Lay in ``an 8 x 10 cell that he could share with
a tattooed dude who says `Hi my name is Spike, honey.' '' Lockyer
later apologized for the remark.

     The attorney general's investigation is proceeding, Lockyer
spokeswoman Sandra Michioku said. Michioku said she didn't know
when civil or criminal charges against Enron or other power
providers might be filed.

     ``Our investigation is still being pursued,'' she said. ``We
had to go to court to get Enron to turn over documents, so that
slowed things down a bit.''

     Enron's Palmer said he didn't know the status of the attorney
general's investigation.

     ``I think the attorney general demonstrated his willingness
to take a fair and impartial look a long time ago when he made his
vulgar and unfounded remarks about our chairman,'' Palmer said.

                           More Lawsuits

     Enron, along with other major power providers such as Duke
Energy Corp. and Dynegy Inc., face at least five lawsuits alleging
they manipulated California energy prices in violation of
antitrust laws.

     The cases, which include separate complaints filed by the
City of San Francisco, California Lieutenant Governor Cruz
Bustamante and various consumers, currently are in state courts
awaiting a coordination proceeding, said Michael Aguirre, a lawyer
representing Bustamante. The lawsuits should be assigned to a
judge by the end of next month, he said.

     If the complaints succeed, the companies might be ordered to
repay profits from any illegal activities and pay fines, including
triple damages.

     Enron's stock fell 95 cents, or 5.8 percent, to $15.40,
declining for the eighth day in a row. The shares have fallen 80
percent in the past 12 months.

--Daniel Taub in Los Angeles, (323) 801-1261 or

Enron Bonds Fall as Company Taps $3 Bln Credit Line (Update5)
2001-10-26 16:18 (New York)

Enron Bonds Fall as Company Taps $3 Bln Credit Line (Update5)

     (Adds investor comment in fourth paragraph.)

     Houston, Oct. 26 (Bloomberg) -- Enron Corp. bonds and shares
fell after the largest energy trader tapped a $3 billion credit
line because it has been shut out of the leading market for low-
interest, short-term loans.

     The company's stock has fallen 54 percent in the past 14 days
after investors questioned its transactions with affiliates run by
Enron's former chief financial officer. The shares fell 95 cents,
or 5.8 percent, to $15.40 today.

     Chief Executive Officer Kenneth Lay has failed to reassure
investors that the company's credit rating won't be cut, investors
said. Enron can no longer borrow in commercial paper markets,
where short-term loans carry lower rates than banks offer.

     ``Do they have the financial flexibility they once had? No,''
said John Cassady, who helps manage $3 billion in bonds at Fifth
Third Bancorp. ``People are questioning the credibility of
management.''

      The company will use its credit line to pay off $2.2 billion
in commercial paper it has outstanding, Enron spokesman Mark
Palmer said.

                            Bonds Drop

     Enron's 6 3/4 percent bonds, which mature in 2009, declined 1
1/2 points to a bid of 84 cents on the dollar and an offer of 86
cents. At that price, the bonds, which carry a rating of ``BBB+,''
yield 9.53 percent.

     Investors have grown concerned that the company's credit
rating will be cut after $1.01 billion in third-quarter losses
from failed investments. Enron needs good credit to raise cash
daily to keep trading partners from demanding collateral and to
settle transactions.

     Enron's decision to tap its credit line was ``a smart
financial move,'' said Stephen Moore, a vice president at Moody's
Investors Service who follows the company. ``It took away the
hassle and time-consuming nature of rolling commercial paper and
insured access to capital.''

     Though Enron's bonds have investment-grade ratings, their
yield at current prices is higher than those of industrial bonds
that carry junk ratings. According to Bloomberg data, companies
with ``BB'' ratings pay on average 9.16 percent to borrow for
seven years.

     A lower credit rating may also force Enron to buy back
holdings in other partnerships with its stock, diluting the value
of Enron investors' stock.

     Partnerships called Whitewing, Marlin and Yosemite own Enron
assets they bought with borrowed money. Enron sold the assets to
the partnerships to keep related debt off its books. The
partnerships plan to repay the borrowed money by selling the
assets.

                         Other Liabilities

     If Enron loses investment-grade rating, the borrowed money
comes due earlier, leaving less time for the partnerships to find
the best price for the power plants and other assets. Enron would
have to make up any shortfall between what the assets would sell
for and the amount of the debt.

     One way would be issuing common shares to exchange for Enron
preferred convertible shares held by the partnerships. That would
thin out the holdings of every other investor.

     Of the two main bond-rating companies, Moody's and Fitch have
Enron on watch for possible downgrade, and Standard & Poor's
lowered Enron's long-term credit outlook to negative. Egan-Jones
Rating Co. today lowered its rating on Enron's debt to ``BB+,''
one notch below investment grade, from ``BBB-.''

     Enron's liabilities associated with the partnerships amount
to at least $3.3 billion, the company has said.

     Enron ousted Chief Financial Officer Andrew Fastow on
Wednesday amid a Securities and Exchange Commission inquiry into a
partnership he ran that cost the company $35 million in direct
losses. Enron also bought back 62 million shares from the
partnership, reducing shareholder equity by $1.2 billion.

     ``It looks like the guy who was supposed to do everything for
the benefit of shareholders was running partnerships for the
benefit of himself,'' Fifth Third's Cassady said.

     Jeff McMahon, head of Enron's industrial markets group, was
named CFO in a bid to restore investor confidence, Lay said in a
statement.

--Russell Hubbard in the Princeton newsroom at 609-750-4651, or at

Keller Rohrback L.L.P. Investigates Potential Claims on Behalf of Enron Corp. -- ENE -- Employees and Former Employees

10/26/2001
Business Wire
(Copyright (c) 2001, Business Wire)

SEATTLE--(BUSINESS WIRE)--Oct. 26, 2001--Seattle's Keller Rohrback L.L.P. is currently investigating potential ERISA claims on behalf of participants and beneficiaries of Enron's retirement and 401(k) plans.
The investigation period covers January 2000 through October 2001. The investigation focuses on concerns that, under the law interpreting ERISA, Enron and its plan administrators may have breached their fiduciary duties of loyalty and prudence by failing to disclose and inform the Plan participants and beneficiaries with respect to the use of employer stock as a Plan investment. Rather than providing complete and accurate information to the Plans' participants, it may be alleged that Enron and the plan administrators may have withheld and concealed material information, thereby encouraging participants and beneficiaries to continue to make and to maintain substantial investments in company stock and the Plans. This investigation is being conducted in light of recent events.
On Oct. 16, 2001, Enron surprised the market when it announced that the Company was taking "non-recurring charges totaling $1.01 billion after-tax, or ($1.11) loss per diluted share," in the third quarter of 2001. Enron later revealed that a material portion of the charge related to the unwinding of investments with certain limited partnerships, controlled by Enron's CFO, and that the Company would be eliminating more than $1 billion in shareholder equity as a result of its unwinding of the investments. As this news began to be assimilated by the market, the price of Enron common stock dropped significantly. In addition, several recently filed securities suits allege that Enron executives engaged in extensive insider trading, gaining millions of dollars in personal proceeds. Enron retirees have lost a substantial portion of their retirement earnings due to the drop in value of their retirement assets.
If you are a member of an Enron retirement plan, wish to discuss this announcement, or have information relevant to the investigation, you may contact paralegal Liza Catabay, or any member of our team (Britt Tinglum, Liza Catabay, or Lynn Sarko) toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Seattle's Keller Rohrback L.L.P. has successfully represented shareholders and consumers in class action cases for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.

CONTACT: Keller Rohrback L.L.P. Liza Catabay, 800/776-6044 investor@kellerrohrback.com www.SeattleClassAction.com
15:16 EDT OCTOBER 26, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


Steve,  We are currently negotiating an interconnect agreement for an upgrade
of an existing interconnect off the Trawick System into TUFCO.  The
interconnect is solely a delivery to TUFCO.  We are down to one point of
difference in the agreement.

Typically HPL disclaims any liability for consequential damages to the other
party.  TUFCO is asking for an exception for any violation of gas quality
specifications.  This would mean that if HPL delivered off spec gas to TUFCO
which required cleanup of their pipeline system or caused damage to a
customer of TUFCO's HPL would be liable under this Agreement.

From a legal standpoint, we can make this exception, but I wanted to make
sure everyone understood and agreed with the acceptance of this potential
liability.  Assuming we are properly monitoring all our receipts there
shouldn't be an issue.

Please let me know what you think about this situation.  I can forward a copy
of the interconnect agreement if you do not currently have one.


Please see attached progress report regarding audit of Frankfurt office. I
have provided comments and suggested improvements concerning your
observations.

An update on the areas of improvement will be provide at the beginning of
next week.
Please let me know if you need any more information/input.

Kind regards
Annette Schneider
x37517

Donna Lowry
01/06/2000 15:59
Sent by: Michael Neves
To: Gregor Baumerich/LON/ECT@ECT
cc: Richard Lauer/HOU/ECT@ECT, Donna Lowry/HOU/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Rick L Carson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, John
Sorrells/AA/Corp/Enron@ENRON

Subject: "Project DoorStep" 30-DAY REMINDER

30 days remain prior to the target date specified in an open audit
observation.  Please click on the document link below, review the observation
/ action step(s) / responsible person(s), and provide completion /  progress
report, updates, and revised target date, if any.  NOTE:  EACH E-MAIL
REPRESENTS A SEPARATE AUDIT OBSERVATION.

Click on this link to view document -->


To ensure p&l doesn't get lost during the shuffle, we will not hand out the folders until first thing Monday morning.  I'm attaching p&l, though, in case you're anxious!

Hope everyone has a good weekend!

Casey


Start Date: 4/13/01; HourAhead hour: 15;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041315.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:  20.00 / Final:  19.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: FIRM


Please plan to attend the hearing next Monday the 11th at 1:00 pm at
Deerfield Beach City Hall.; Should everything go well, this will be the only
public hearing in Deerfield.
;
We will be getting with each of you regarding presentational material, etc.
;
Also, please plan to attend a pre-meeting at;Keith & Associates Monday at
10:00 am.
;
Regards,
Steve


Fiona,

Yes, this is correct. Please, use Vincent rather than Vince.

I used my full name on other publications.

Vince

"Fiona J Sperryn" <fisperryn@hotmail.com> on 10/12/2000 10:34:42 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: New Lacima Publication

?
Dear Vince
?
Lacima are pleased to announce the publication in  October of their new book
'Energy Derivatives - Pricing and Risk Management' by  Les Clewlow and Chris
Strickland. Please could you confirm that the address  below is correct?so
that we can send out a copy to you.
?
Vince Kaminski

Enron Corp

1400 Smith Street )  EB1962

Houston, TX  77002


Looks good.  I vote yes.


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/23/2001 01:16
PM ---------------------------

Kay Mann
03/23/2001 12:59 PM
To: Jeffrey T Hodge/HOU/ECT@ECT, jkeffer@kslaw.com, Ben Jacoby/HOU/ECT@ECT,
Chris Booth/NA/Enron@Enron
cc:

Subject: NW my comments in blue

March 23, 2001

Enron North America Corp.
1400 Smith Street
Houston, TX  77002-7361
Attention:  Benjamin F. Jacoby
                 Executive Director

Re:  Acquisition of General Electric 7EA Turbines

Ladies and Gentlemen:

Pursuant to our discussions last week, the following summarizes the main
commercial terms agreed to by NorthWestern Corporation (&NorthWestern8) and
Enron North America Corp. ("ENA") regarding NorthWestern,s purchase through
the LLC referred to below or as otherwise accomplished without violation of
the Turbine Contract referred to below (the &Purchase8) of two (2) General
Electric (&GE8) 7EA combustion turbines (the &Turbines8), the first of which
is presently located at a GE storage facility, and the second of which is
scheduled to be available for delivery in February, 2002, and both of which
are subject to purchase from GE under an agreement with GE dated as of May
31, 2000 (the &Turbine Contract8) with respect to which ENA has the right to
cause a joint venture limited liability company in which, prior to commercial
operation of the Turbines, ENA holds a 20% equity interest and a wholly-owned
NorthWestern subsidiary (the &NorthWestern Subsidiary8) holds an 80% equity
interest (the &LLC8) to become the purchaser:

1.  Purchase Price:  NorthWestern will pay ENA $48.0 million for the Turbines
(subject to adjustment as described below). [Adjusted how?  Need specific
reference. Is the statement that the payment is for the turbines consistent
with the structure?  Definitely sounds like a UCC deal,  for what that,s
worth.]
2.  Closing Date of Purchase:  The Purchase will close on a date on or prior
to September 1, 2001, as selected by NorthWestern by not less than 30 days,
written notice to ENA,(provided that such notice may not be given less than
30 days after the signing of a definitive agreement relating to the
Purchase).  [What happens at closing?  Payment of the balance?  In the
interim are we going to be obligated to perform under the GE contract in a
certain manner?  Are we taking on implied obligations to NW?]
3.  Cash Down Payment:  NorthWestern will pay ENA an $8.0 million down
payment for the Turbines.  The first installment ($3.0 million) of the $8.0
million down payment will be due upon the signing of a definitive agreement
with ENA providing for the Purchase.  The second installment ($5.0 million)
of the $8.0 million down payment will be due at the earlier of (i) closing of
the Purchase, or (ii) July 15, 2001. [The remaining $40m due at closing, as
well as any other amounts due to changes, etc?]
4.  Liquidated Damages:   If, prior to the assignment of the Turbine Contract
[is proper reference to closing?], the purchaser under the Turbine Contract
receives any liquidated damages under the Turbine Contract, then ENA will
give notice thereof to NorthWestern as promptly as possible. [Then what?]
5.  Carry Period:  ENA will provide an interest-free carry on the unpaid
purchase price of the Turbines until July 15, 2001. If the closing of the
Purchase occurs after July 15, 2001, then the unpaid purchase price of the
Turbines will be increased by interest at the rate of 7.5% per annum on the
unpaid purchase price of the Turbines ($40.0 million) for each day from, and
including, July 15, 2001 to, but excluding, the closing date.
6.  Dual Fuel Conversion on Unit 2:  ENA will not proceed with this change
order to effect the conversion.  Instead, it will be the responsibility of
NorthWestern to effect the change order with GE.  [does this mean they will
be negotiating a change order while E Next is still the purchaser? Are we
committing to pay for the increase?  Does the purchase price increase?  Is
there a limit?]
7.  Unpaid Price of Second Turbine:  At the time of closing, one or more
installments of the purchase price of the second Turbine will be payable to
GE under the Turbine Contract (the &Unpaid Installments8).  ENA will be
obligated to pay the Unpaid Installments to GE as they become due under the
Turbine Contract.
8.  Guarantees:   There will be no guarantee by Enron Corporation of any of
the representations, warranties, covenants, indemnities or other obligations
of ENA in connection with the Purchase.  All obligations of the LLC under the
Turbine Contract, as well as all obligations of the NorthWestern Subsidiary
to ENA in connection with the transaction, will be guaranteed by NorthWestern
Corporation.

[governing law? Limit on remedies/damages for this letter? Dispute resolution?

NorthWestern and ENA have acknowledged that, subject to review and approval
of the structure of the Purchase and the negotiation of final documentation
relating to the Purchase (which documentation will incorporate the commercial
terms set forth above), the above commercial terms have received all
necessary NorthWestern and ENA internal approvals. [Is this true for Enron?]
In light of this acknowledgement, NorthWestern and ENA (by signing this
letter in the space provided below and returning the same to NorthWestern)
agree to negotiate, in good faith, to agree upon such structure and such
documentation, with a view to executing and delivering a mutually acceptable
definitive agreement relating to the Purchase as promptly as practicable. For
the avoidance of any doubt, it is expressly stated, acknowledged and agreed
that each of NorthWestern and ENA must be satisfied with such structure and
such documentation in its own discretion.

[I question whether there is enough wiggle to keep this from being a binding
obligation to sell]

By agreeing to the commercial terms set forth in this letter (by signing this
letter in the space provided below and returning the same to NorthWestern),
ENA grants NorthWestern, and NorthWestern grants ENA, an exclusive &no shop8
period through the close of business on Friday, April 13, 2001; and ENA
agrees that, during such &no shop8 period, ENA will not discuss or negotiate,
directly or indirectly, with any person or entity other than NorthWestern for
or in respect of the purchase or other acquisition by such person or entity
of the Turbines; and NorthWestern agrees that, during such &no shop8 period,
NorthWestern will not discuss or negotiate, directly or indirectly, with any
person or entity other than ENA for or in respect of the purchase or other
acquisition by NorthWestern of turbines from such person or entity..  As
consideration for ENA agreeing to such &no shop8 period, NorthWestern will
pay to ENA, via wire transfer on the date of receipt by NorthWestern of ENA,s
signed agreement, $1.0 million (the & No Shop Payment8).  The No Shop Payment
will not be subject to refund by ENA for any reason or upon any circumstance
(including, without limitation, failure of NorthWestern and ENA to agree upon
the structure of, and enter into a definitive agreement relating to, the
Purchase).

If ENA is in agreement with the foregoing, then please so indicate by signing
this letter in the space provided below and returning the same to
NorthWestern (by facsimile at 605/978-2840 and to the attention of the
undersigned).

       Very truly yours,

       NORTHWESTERN CORPORATION

       _____________________________
       By: Michael J. Young
       Title: Senior Corporate Counsel

AGREED AS AFORESAID AS OF THIS 23rd  DAY OF MARCH 2001:

ENRON NORTH AMERICA CORP.

________________________________
By: Benjamin F. Jacoby
Title: Executive Director

[Need a different Enron signatory]


I have tried to approve this a few times, but it does not appear to work.
What is the process to approve this in the system?

Daren


Let' s discuss.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, September 05, 2001 10:14 AM
To:	Dasovich, Jeff
Subject:	FW: Follow-up on electricity restructuring conference invitation

Do you want to do this?

Jim

 -----Original Message-----
From: 	Lynne Kiesling <lynnek@rppi.org>@ENRON [mailto:IMCEANOTES-Lynne+20Kiesling+20+3Clynnek+40rppi+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Monday, August 13, 2001 8:33 AM
To:	Steffes, James D.
Subject:	Re: Follow-up on electricity restructuring conference invitation

Jim,

Thanks for getting back to me.  Betsy's dance card is too full, so she's had to decline.  Regardless, your insights would be quite useful and welcome.  Please let me know as soon as you do whether or not you can participate.

Lynne

"Steffes, James D." wrote:

> Lynne --
>
> I am very sorry that I have not yet responded to your e-mail.  I am
> trying to firm up my calendar.  Not sure that Excelon and Enron will
> differ greatly on the key lessons learned.
>
> I should know by mid-week (if you haven't already filled the slot).
>
> Jim Steffes
> 713-853-7673
>
> >  -----Original Message-----
> > From:         Lynne Kiesling <lynnek@rppi.org>@ENRON
> > [mailto:IMCEANOTES-Lynne+20Kiesling+20+3Clynnek+40rppi+2Eorg+3E+40ENRO
> > N@ENRON.com]
> > Sent: Thursday, August 02, 2001 10:59 AM
> > To:   james_d_steffes@enron.com
> > Subject:      Follow-up on electricity restructuring conference
> > invitation
> >
> > Jim,
> > Just a quick note to follow up on the invitation I sent you last week
> > for a November conference in San Francisco.  If you could let me know
> > by Monday morning 8-6 if you can participate (which I hope you can),
> > I'd be grateful, as that would leave us time to ask someone else.
> > Also, if you can't participate, I'd appreciate your recommending
> > someone in your stead.
> > I look forward to hearing from you.
> > Regards, Lynne
> > -------- Original Message --------
> > Subject:      Electricity restructuring conference invitation
> > Date:         Tue, 24 Jul 2001 16:41:26 -0500
> > From:         Lynne Kiesling <lynnek@rppi.org>
> > Reply-To:     lynnek@rppi.org
> > Organization:         Reason Public Policy Institute
> > To:   james_d_steffes@enron.com
> >
> >
> > Dear Jim,
> > Insight Information Company (www.insightinfo.com) is developing and
> > presenting a conference on Deregulation of Electricity Market in
> > California: Experiences Learned, Perils and Opportunities (working
> > title), and they have asked me to chair the conference.  Insight
> > Information is a leading provider of programs for North American
> > business, executive and professional communities.  The conference is
> > scheduled for November 5 and 6 in San Francisco.  Tentative panel
> > titles include
> > ? Understanding Restructuring: The Regulator's Perspective
> > ? The Role of Fuel Supply Mix
> > ? Restructuring and Technological Change
> > ? Price-Responsive Demand
> > ? Energy Services and the Entrepreneurial Firm
> > ? Energy Risk Management and Electricity Restructuring
> > ? Restructuring and Transmission
> > ? Market Monitoring
> > ? Short-Term and Long-Term Approaches: Risk, Congestion Management,
> > Institutional Change
> > ? Comparative Experiences in Deregulation
> > I would like to invite you to participate as a speaker in this
> > conference, in a session tentatively titled "Short-Term and Long-Term
> > Approaches: Risk, Congestion Management, Institutional Change." I
> > think the title will evolve, but what I'm going for in this panel is a
> > discussion between you and Betsy Moler (Exelon) about short-run and
> > long-run lessons that we should draw from the California experience.
> > If you could let me know soon if you would be able to participate in
> > this conference, I'd be most grateful.  The conference coordinator,
> > Victor Pogostin, would then follow up with a formal letter of
> > invitation. I look forward to hearing from you.
> > Regards,
> > Lynne
> > --
> > Lynne Kiesling, Ph.D.
> > Director of Economic Policy
> > Reason Public Policy Institute
> > www.rppi.org
> > lynnek@rppi.org
> > RPPI is a non-partisan public policy think tank promoting choice,
> > competition, and a dynamic market economy as the foundation for human
> > dignity and progress
> >
>
> **********************************************************************
> 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.
> **********************************************************************

--
Lynne Kiesling, Ph.D.
Director of Economic Policy
Reason Public Policy Institute
www.rppi.org
lynnek@rppi.org
RPPI is a non-partisan public policy think tank promoting choice, competition, and a dynamic market economy as the foundation for human dignity and progress


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Thought you all might want to see this.....

Subject:  Message from Boeing.......

> Note:  To those of you who don't know powerpoint......at the end, to get
> it off your screen, right click and double click on "end show"........
>
>
>
(See attached file: MessageFromBoeing.pps)


Sara,
We spoke to Ellen Shubert, 203-719-1141.  There were not additional monies paid to the wrong account.  They are looking from payments from ENA to UBS, which include 492,490.29 Aus and  $337,333 SEK . There may be a swiss amount as well.

Sheila


Attached is a spreadsheet that compares our original plan (budget plus
overview) to our forecast for the 2nd quarter with actuals for April and May
and last months forecast for June.  We are in the process of completing our
May closing but the IBIT number for May is 99% complete.  The June forecast
was prepared last month and we are now in the process of updating our forecast
of power cost and IBIT for June.  We should complete that next week.   Curves
in the west continue to come down which will potentially reduce our IBIT for
June, but I will know more next week.

The spreadsheet shows 70.1 million IBIT compared to what I provided you early
this week of 65 million.  The primary difference is power cost and our view
that given the current movement in wholesale prices from May 8 that power cost
could rise by an additional 5 million from that level.  We are currently in
the dead band zone for the PCA so any change in power cost go right to IBIT.
There is one other issue related to power cost concerning our need to
potentially increase our reserves for the California receivables.  AA
continues to push us on this issue to increase the amount of reserves.  If we
have a good June we might want to increase our reserves, however this is
something we will talk with Bob Butz about early next month when June results
are available.

Please call if you would like to discuss this further.  We will have a better
look at June next week once the updated forecast is completed.


Please call Sheila and let her know we've made some progress with GE.  Please
see if there is time she wants to talk prior to 300 CST.

Thanks,

Kay


The Woodlands, TX here we come!!!!!!  I hope everyone is ready for the next
Government Affairs - The Americas department meeting.  The meeting is
scheduled for Thursday, March 30 at 9:00am and should conclude by 4:00pm.
For those staying over night, I will be putting a rooming list together and
will need to know your plans for attending this meeting by, Friday, March 3.
I know this is somewhat short notice but I'd like to get this finalized
sooner, rather than later, so your co-operation in this matter will be
greatly appreciated.  The location of the meeting will be:

The Woodlands Resort
2301 North Millbend Drive
The Woodlands, TX  77380
Phone# 281-367-1100
Guest Fax# 281-364-6274

The Woodlands Resort provides transportation service to and from the
airport.  The shuttle service operates every hour on the hour from 6:00am -
10:00pm.   Please let me know what your travel arrangements are and I will
forward it to the transportation department.  Once I have forwarded all of
the transportation requests to them, any changes that need to be made will
need to be made directly with the transportation desk at 281-364-6256.

Attached is a draft agenda for the meeting (Pamela Lesh and Lance Schuler,
please note the time of your presentations.  Also, please let me know what
your audio visual needs will be and I will make sure it is available).

Thanks and please don't hesitate to call me with questions.

gngr


Start Date: 3/4/01; HourAhead hour: 17;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030417.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 17 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_MAR4
  ENGY_TYPE: FIRM


---------------------- Forwarded by Jim Homco/HOU/ECT on 06/21/2000 07:56 AM
---------------------------

Chad Gronvold
06/20/2000 04:23 PM
To: Jim Homco/HOU/ECT@ECT
cc:
Subject: THE TRUTH IS OUT THERE!

SIGNS ON BATHROOM WALLS

Friends don't let friends take home ugly men
-------Women's restroom, Starboard, Dewey
Beach, DE

Remember, it's not, "How high are you?" its
"Hi, how are you?"
-------Rest stop off Route 81, West Virginia

No matter how good she looks, some other guy
is sick and tired
of putting up with her shit.
-----Men's Room, Linda's Bar and Grill,
Chapel Hill, N. Carolina

A Woman's Rule of Thumb: If it has tires or
testicles, you're
going to have trouble with it.
-------Women's restroom, Dick's Last Resort,
Dallas,Texas

Express Lane: Five beers or less.
-Sign over one of the urinals, Ed Debevic's,
Beverly Hills, CA

You're too good for him.
-Sign over mirror Women's room, Ed Debevics,
Beverly Hills, CA

No wonder you always go home alone.
  -Sign over mirror in Men's room, Ed Debevic's, Beverly
Hills, CA

The best way to a man's heart is to saw his breast
plate open.
-------Women's restroom, Murphy's, Champaign, IL

If you voted for Clinton in the last election, you
can't take
a dump here. Your asshole is in Washington.
-------Men's room Outback Steakhouse, Tacoma,
Washington

Beauty is only a light switch away.
-------Perkins Library, Duke University, Durham, North
Carolina

If life is a waste of time, and time is a waste of
life, then
let's all get wasted together and have the time of our
lives.
-------Armand's Pizza, Washington, D.C.

Don't trust anything that bleeds for 5 days and
doesn't die.
-------Men's restroom, Murphy's, Champaign, IL

What are you looking up on the wall for? The joke is
in
your hands.
-------Men's restroom, Lynagh's, Lexington, KY


Hello,

Please, give me a call.
Vince Kaminski, 713 853 3848.

Vince


Jeffrey,

Congratulations on the Business Week cover; very nice.

Things going along at a dizzying clip here; I will be proposing to Sukran on
Wednesday evening (our two year meeting anniversary)?at a great little, newly
found (by me at least) restaurant in my neighborhood. I have hired a fasil
(classic Ottoman music) band to serenade us at our table, etc. If all goes
well (and there are lots of little hurdles to be leapt) looking at an early
June wedding. Yikes!

At the same time think I have found a fantastic place here on the Asian side
over looking the Bosphorus. Not a sure thing, as have to make sure to
minimize the many risks. But if it works out it,s a house for a lifetime.
Really special; it even has a 2d class historical rating, which means among
other things it would be tax-free for five years. Would be the house that (my
) Enron (stock) bought.

Hope all goes well. Still haven't broken all of the above news to mom and
dad, though will need to do that soon as well.

Say hey to Rebecca and the kids.

With love.

Mark

Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.


Jeff - Cynthia will be sending over the required 75 hard copies as well as
the electronic copy to the Committee this afternoon.  The hearing is
scheduled from 9:00 to 2:00.

Jeff Dasovich@EES
09/08/2000 12:54 PM
To: Cynthia Sandherr/Corp/Enron@ENRON, skean@enron.com, Maureen
McVicker/NA/Enron@Enron, Elizabeth Linnell/NA/Enron@Enron
cc:

Subject: Re: Steve's testimony

I do plan on accompanying Steve.  Steve, you want me to bring the copies.  Be
glad to.  What time does the party start?

Cynthia Sandherr@ENRON
09/08/2000 12:38 PM

To: Jeff Dasovich/SFO/EES@EES
cc:
Subject: Steve's testimony

Jeff:  will you accompany Steve?  If so, the Committee needs you to bring at
least 75 copies of the attached testimony with you to give to the Committee
Clerk to "satisfy the anticipatied public interest."  I would suggest you
bring more.....
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 09/08/2000
01:45 PM ---------------------------

Elizabeth Linnell
09/08/2000 12:44 PM
Sent by: Elizabeth Linnell
To: Cynthia Sandherr/Corp/Enron@ENRON, Jeff Dasovich/SFO/EES@EES
cc: Maureen McVicker/NA/Enron@Enron

Subject: Steve's testimony

Attached is the final version.


----- Forwarded by Tana Jones/HOU/ECT on 01/09/2001 04:58 PM -----

	Bradley Diebner
	01/09/2001 04:54 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, 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, Lee Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Walter
Guidroz/NA/Enron@Enron, Kelly Lombardi/NA/Enron@Enron
		 cc:
		 Subject: EOL Approvals, 1/9/01


Terry -

Excellent point.  Obviously, not marking these contracts opens up a can of worms.  I guess neither Anderson nor RAC had an issue with marking these deals initially.  Do the non LD termination provisions definitely negate our ability to mark or is the call discretionary?

RH

 -----Original Message-----
From: 	Donovan, Terry W.
Sent:	Wednesday, October 10, 2001 1:48 PM
To:	Black, Don; Herndon, Rogers
Subject:	Accounting Concern

The following concern has arisen:  Many of the contracts we have discussed have non-market based LDs that may impact our ability to mark the value.  Tyco is a good example - The contract has site specific termination amounts that are unrelated to our MTM values.

Many deals appear to have similar problems - I would like your opinions on this.  Specifically do we want to force the issue and only mark in accordance with the contractual language.

Please let me know your thoughts as soon as possible.


Eric,  Please take a stab at drafting the interconnect agreement.  This is
Mary Jo's deal.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 03/29/2000 07:03
PM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           03/29/2000 02:56 PM

To: Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT
cc: Mary Jo Johnson/HOU/ECT@ECT
Subject: Hilcorp Old Ocean Processing Plant

---------------------- Forwarded by George Weissman/HOU/ECT on 03/29/2000
02:55 PM ---------------------------

	Enron North America Corp.

	From:  George Weissman                           03/22/2000 06:43 PM

To: Shawna Flynn/HOU/ECT@ECT
cc: Mary Jo Johnson/HOU/ECT@ECT, Robert Campbell/LON/ECT@ECT, Brad
Blevins/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Jack Simunek/HOU/ECT@ECT
Subject: Hilcorp Old Ocean Processing Plant

Shawna,

Attached is a Contract Preparation Request for a Facilities Agreement for the
inlet meter to the Hilcorp Old Ocean Processing Plant.  Also attached is a
copy of the Work Order describing the scope of the project.  This meter will
be numbered 098-1603.

George x3-6992

---------------------- Forwarded by George Weissman/HOU/ECT on 03/22/2000
06:37 PM ---------------------------

	From:  Mary Jo Johnson                           03/08/2000 11:43 AM

To: Brad Blevins
cc: gweissm@ect.enron.com, Kevin Kuehler/Corp/Enron@ENRON, Gregory L
Sharp/HOU/ECT@ECT
Subject: Hilcorp Old Ocean Processing Plant

Brad,

In follow up to our meetin with Hilcorp yesterday, I am requesting that you
break out a segment from the original estimate for facilities.

We have determined that the immediate need will require is a cost estimate
for the inlet meter at the intersection of the two pipelines.  Hilcorp will
put in the tap on their line.  I would like to have a notional number of how
much that saves us also.

Since the estimate is already complete, I am hoping you can just break out
this information.  Greg Sharp is looking for an answer of go or no go on this
project as early as this Friday (the 10th).

Please let me know if this is possible so that I can run some economics....


Please provide comments to the attached minutes by Monday, November 19th. If you approve as written, please let us know. Regards, Paula

Kelly M. Johnson
Executive Assistant
Enron Corp.
Tel: 713-853-6485
Fax: 713-853-2534
E-Mail: kelly.johnson@enron.com

CONFIDENTIALITY NOTICE

The information contained in this email may be confidential and/or privileged. This email is intended to be reviewed by the individual or organization named above. If you are not the intended recipient, you are hereby notified that any review, dissemination or copying of this email or its attachments, if any, or the information contained herein is prohibited. If you receive this email in error, please immediately notify the sender by return email and delete this email from your system. Thank you.


Hey lady,

Just in case you are interested, I changed Jordan's party to this Friday
night at 6:45 p.m. same place.

Love ya!


Just give me a call.  you want to shoot for 10:30 my time?

 -----Original Message-----
From: 	Mellencamp, Lisa
Sent:	Wednesday, October 03, 2001 10:45 AM
To:	Dasovich, Jeff
Cc:	Tribolet, Michael
Subject:	RE: SCE call

michael underwater right now. let's talk before that. i hope he will surface in half hour or so. i think you do not need to be on call but we need to have a position. i have talked to dynegy and reliant.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Wednesday, October 03, 2001 10:41 AM
To:	Mellencamp, Lisa
Subject:	RE: SCE call

would you like me to participate?

 -----Original Message-----
From: 	Mellencamp, Lisa
Sent:	Wednesday, October 03, 2001 10:20 AM
To:	'"Bates, William" <wbates@mdbe.com>@ENRON'; 'Jines, Michael L.'; 'Gussett, Sheryl Esq.'; 'john.c.herbert@dynegy.com'; 'tlauria@whitecase.com'; 'Philip Warden (E-mail)'; 'ceklund@llgm.com'; 'zack.starbird@mirant.com'
Cc:	Michelson, Randy; Tribolet, Michael; Dasovich, Jeff
Subject:	RE: SCE call

i think we can.

 -----Original Message-----
From: 	"Bates, William" <wbates@mdbe.com>@ENRON [mailto:IMCEANOTES-+22Bates+2C+20William+22+20+3Cwbates+40mdbe+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, October 03, 2001 10:16 AM
To:	'Jines, Michael L.'; 'Gussett, Sheryl Esq.'; 'john.c.herbert@dynegy.com'; Mellencamp, Lisa; 'tlauria@whitecase.com'; 'Philip Warden (E-mail)'; 'ceklund@llgm.com'; 'zack.starbird@mirant.com'
Cc:	Michelson, Randy
Subject:	SCE call

No word from  Enron yet, but the other three can make an 11:00 PDT call, so let's go with  that.

Call-in  number:  800-820-4690
Code:   7034660


Hey I'm watching your fair city on the tube--I suppose you are at the NCAA final.  I'm stuck down here in Houston again--been down here at least 3 days every week for a month.  Sandra digs it--at least I'm out of her face.  She was down here last week with me for 3 days looking at schools and houses with the 3 girls.  That car was full of bitching, whining and crying.  And the kids got a little cranky too.  Gonna come and visit us???  We'll probably move in August--bring your dad's pickup and you can help!  What a great time to move when its 200 degrees and the fire ants and poisonous lizards are in full frenzy.  Ugh.  We've gotta hook up with you guys before then.  We're out for Easter week, but we'll need a quick road trip eventually.  It would also be cool if you guys want to come down--Omaha would seem like Cancun after the winter you've had!  Take care dude. DF


I was wondering if you had fallen off the face of the earth...

It is definitely good to hear from you, I was just thinking about you today
and wondering what you're up to.  Things in Houston are pretty good.  I went
to San Diego over Labor Day weekend to visit a friend of mine there and just
went to Austin this past weekend for the first UT football game (I know
you're not a big fan but they are very fun).  As for work, all is well.  I'm
actually going to meet with the development manager for the analyst program
to discuss what my options are after this second rotation is up.  Of course
my goal is to do a rotation in London for a year and then get promoted to the
Associate program (so basically I'm going to ask this lady tomorrow what I
need to do to ensure that outcome).  Honestly, I think my odds are pretty
good.

Glad to hear everything with you is going so well, not that I'm surprised.
Congrats on the new responsibilites they must be keeping you pretty busy up
there (any trips scheduled to Houston in the near future?).

As for my social life...if you would of asked me a week or two ago I would
have said fantastic, incredible, etc.  Now, I just don't know.  For the life
of me I am never going to be able to figure out your gender.  But as they
say, "Hope springs eternal" and I intend to remain an optimist despite many
road blocks.

Talk to you soon,
Susan

Wilson Kriegel@EES
09/11/2000 03:23 PM
To: Susan M Scott/HOU/ECT
cc:
Subject: Re: Coming To Houston

So what is going on...
I have not heard from you in a while and i'm  wondering how my favorite Enron
"girl" trader is doing, and how the summer has been.
I know a lot has happen, i was hopping that you would bring me up to date
with what is going on with you and work, and your social life. (Yes guys....)

I'm great....great summer. my best friend from france spend 2 1/2 month with
me, (well stayed at my sisters place) and that was a lot of fun.
Work is great, though very strssful and demanding...very nerve recking..but i
love and i'm making my marks where i can, and when i can. You know me.
I'm now Manager of Internet Marketing and Manager of Alliances...that's my
new job also...

NewPower is doing great and you will hear a lot about us in the near
future...Were live, so that's really cool.

Life is great, socialy i'm pleased and i love NY.
Big summer, like a little rock super star...and i've just started working out
again this past week end, after a 3 month brake.
So just rolling along...
What's new

hope your well.
Best
wilson


Group-

Last night there was a strategy that was implemented that needs some
clarification.  We bought from EPE at PV and imported to the ISO.  We then
did an SC trade (internal interchange) with WESCO in SP15.  When we do this,
we do not want to adjust bid our import. If the import were to be cut due to
congestion higher than our adjustment bid, we will be subject to replacement
costs, which may be as much as the highest out of market energy price.
However, if we send in the import without an adjustment bid, we are subject
to a maximum of $250 per Mw.  This is potentially a substantial loss, but a
least it is a known (and manageable) downside. In order to mitigate this risk
of congestion, we can run a wheel in at Four Corners (with bid at $200) and
out at Palo Verde (with bid of $150).  With both the import and the wheel for
congestion relief, any congestion will be a wash and our only downside will
be our transmission from PV to FC.

If this does not make complete sense, let me know and I will try to explain
it further.

Cheers
Jesse


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Check the eSource training page at http://esource.enron.com/training.doc for additional training sessions and vendor presentations.

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On a more serious note (notes).  Sue's out sick today (caught something in Houston, it seems). And seriously, I hope the meeting went well.


Here are some more
---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on
12/27/2000 02:45 PM ---------------------------

Heidi Boyd
12/27/99 02:25 PM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: NIMO JAN 2000

FINAL

Hi Morgan,

Please schedule the following (in DTH's) off of CNG to Niagra Mohawk:

Pooled  East Meter 20550 821/day
  West Meter 20500    421/ day

Balanced East Meter 20550 381/day
(firm)  West Meter 20500 430/day

Thanks!


fyi
----- Forwarded by Sara Shackleton/HOU/ECT on 08/30/2000 07:05 PM -----

	Barton Clark
	08/30/2000 05:36 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Stuart Zisman/HOU/ECT@ECT
		 Subject: Re: Project Raptor - Warrants

Stuart advises that his request equally applies to the option to purchase
Catalytica Combustion Systems, Inc. capital stock held by Sundance Assets,
L.P. ( not the dreaded spark spread option which you worked on in the same
transaction, which spark spread option was repurchased and terminated some
months ago ). Let me know when you would like to discuss the matter. The 1997
Stock Purchase Agreement pursuant to which the option was originally granted
was signed today ( we are still waiting on an attachment to that agreement to
be delivered by the other side before we release the document to them), and
we did modify the option and some transfer restrictions in that Agreement
that will apply to the Raptor analysis. A registration statement registering
the CCSI common stock that would be acquired upon exercise of the option was
filed yesterday with the SEC. Let me know when you would like to meet to
discuss this matter.
----- Forwarded by Barton Clark/HOU/ECT on 08/30/2000 05:28 PM -----

	Barton Clark
	08/30/2000 11:24 AM

		 To: Stuart Zisman/HOU/ECT@ECT
		 cc: Richard Lydecker/Corp/Enron@Enron
		 Subject: Re: Project Raptor - Warrants

Does the request apply as well to options to purchase? There is an option in
the Catalytica transaction - recently renegotiated ( we are signing the deal
up today) to purchase 500,000 plus CCSI shares on a cashless basis. The share
number is subject to adjustment in a stock split to occur upon the spin off
of CCSI prior to the merger of its parent sometime before year end. The
option expires in February 2001.

	Stuart Zisman
	08/30/2000 10:45 AM

		 To: Teresa G Bushman/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT,
James Grace/Corp/Enron@ENRON, Peter Keohane/CAL/ECT@ECT, Lisa
Mellencamp/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Barton
Clark/HOU/ECT@ECT
		 cc: Julia Murray/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
		 Subject: Project Raptor - Warrants

If any of the Raptor investments for which you are responsible is comprised,
in whole or in part, of warrants, please provide a copy of the warrants (and
any related documentation which governs the exercise of the warrants) to
either Sara Shackleton or Mary Cook.  For the public companies this should be
done ASAP (i.e. no later than the end of business today) and for the privates
this should be done by the end of the week.  Also, please arrange to meet
with either Mary or Sara to provide a brief explanation as to how the
derivatives work (they need to understand the nature of the derivatives in
order to properly structure the Raptor hedge).  Once again, I apologize for
the short notice but hope that each of you recognizes that the internal
pressure to push investments into Raptor has increased exponentially.  Thanks
in advance.

Stuart


Billy,

I have received an invitation to speak to a graduating class of
the Quantitative and Computational Finance program at Georgia Tech.
The URL is included in the message below.

Would you be interested in arranging for  a presentation at this school
about the A/A Program, coinciding with my visit?

Vince

 -----Original Message-----
From: 	Shijie Deng <deng@isye.gatech.edu>@ENRON [mailto:IMCEANOTES-Shijie+20Deng+20+3Cdeng+40isye+2Egatech+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Friday, August 17, 2001 10:53 AM
To:	Kaminski, Vince J
Cc:	Robert P. Kertz; Shijie Deng
Subject:	Re: visit Georgia Tech and QCF info

Vince,

As a follow-up to our phone conversation, I am attaching below the URL for
our QCF program here at Georgia Tech for your corporate recruiting folks.
http://www.qcf.gatech.edu/
It will be great if we could have your recruiting people meet with our
first graduating class of the QCF program.

Regarding your visit, we'd be glad to cover the coach airfare and
lodging.  How about the first week of October, say on either 10/2 or 10/4,
or the last week of October, say 10/30?  The arrangement would be that you
come in on the evening of a Monday or a Wednesday and give a seminar on a
Tuesday or a Thursday.  Please let me know what works best for
you.  Thanks.

Shijie

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng


Laynie:

Per my swapped voice mails with Louise last week, I have reduced the group to 6 commercial people (not including my cost center).
Please let me know if this is what you need.

Regards,
Brian

 -----Original Message-----
From: 	East, Laynie
Sent:	Monday, October 22, 2001 3:57 PM
To:	Redmond, Brian
Subject:	2002 Headcount Changes

Brian,

Louise has reviewed the headcount plan submitted for 2002 and asked that we reduce the Texas Origination count from 12 to 6.  The attached file shows the positions that were initially submitted.  If you will let me know what to eliminate, I will make the necessary changes.

Thanks,
Laynie
x3-3131


Kevin has pathed the 155,000 dth in Unify for sales to Midland in March 2002.  Please see if an invoice has been generated?

Thanks.

 -----Original Message-----
From: 	Hamic, Priscilla
Sent:	Monday, April 29, 2002 9:01 AM
To:	Polsky, Phil
Cc:	Germany, Chris; Dhont, Margaret
Subject:	RE: MCV Pmt

The total amount we invoiced them for is $1,701,160.65.  I have a call into my contact there for information on what they didn't pay.  When I talked with her last week she did not indicate a short payment on the invoiced amount.  I will fax you the invoices.

Also, I check in Unify this morning and nothing has come across for that 155,000 MMBtus.  So it is still not invoiced.

 -----Original Message-----
From: 	Polsky, Phil
Sent:	Monday, April 29, 2002 8:56 AM
To:	Hamic, Priscilla
Cc:	Germany, Chris; Dhont, Margaret
Subject:	MCV Pmt

The $1,272,099 payment received from MCV was a lot less than I thought it would be.  I know that we had not yet invoiced them for 155,000 MMs on Panhandle, but the revenue associated with this was only $381,300.  My estimated total payment was for $2,038,374.

What did we actually invoice them for in total?  If you could fax me the invoices to 646-3037.

Thanks.

 -----Original Message-----
From: 	Cash, Larry
Sent:	Monday, April 29, 2002 7:15 AM
To:	Alon, Heather
Cc:	Miroballi, Angelo; Shoup, Cynthia; Dhont, Margaret; Dicarlo, Louis; Polsky, Phil
Subject:	Funds received 4/26/02

Company 0364 Financial     -0-

The following was received 4/26/02:

Company 0364 Physical Gas

Midland Cogeneration			SAP 3000004680			1,272,099.00	on account

Entex					SAP 3000005653			201,682.56	on account

Entex referenced the following:

Invoice # 35028SA			SAP 3000005653

Invoice # 35232SA       			SAP 3000011736

Thanks

Larry


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:41 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/22/2001 02:57 PM

		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula
Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard
Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Robert Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Sharon Dick/HOU/EES@EES, skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES,
William S Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran
Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James
Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western
Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES, Jennifer
Rudolph/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas
Condon/SFO/EES@EES, wgang@enron.com, Scott Govenar <sgovenar@govadv.com>,
Hedy Govenar <hgovenar@mail.acom2.com> @ ENRON, jklauber@llgm.com
		 cc:
		 Subject: CA Legislative Analyst's Take on Governor's "Solution"

Ginger:

Could you please forward this along to the Quinn-Gillespie folks---David
Lugar in particular?  Thanks very much.

Others:
Attached are excerpts from the California Leg Analyst's Report--an
"independent" institution in Sacramento--on the electricity crisis, the plan
thus far to address it, and the effect that the solution might have on the
State's financial position.  Also have attached URL to full report.
http://www.lao.ca.gov/analysis_2001/2001_pandi/pandi_toc_anl2001.html

Best,
Jeff


I believe I approved this yesterday.  If further action is required, please
let me know.

	Information Risk Management
	07/25/2000 05:46 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: For Mark Taylor's approval

Below you will find a copy of a request that is awaiting your approval.
Please advise us as to your approval or rejection of this request by way of
email.

I thank you in advance for your cooperation in this matter.

Leola Barnett
IRM
X37965
---------------------- Forwarded by Information Risk Management/HOU/ECT on
07/25/2000 05:45 PM ---------------------------

	 Security Resource Request System				Pending Manager Approval
 Resource Request					How to find the status of this request...
	General Information		Initials:

Requestor:	Jenny Helton/HOU/ECT	Phone:	713-853-9218
Requested For:		Stephanie Panus
Request Type:	New Hire-Employee
RC #:	105657	WO #:
Company #:	0413	Priority:	High
Manager:	Mark Taylor
Location:			Houston
					In the Request Processing section, see the status column for each requested
resource.
					Look at the overall status of the request in the title bar above. The status
will display Closed when your request is complete.
					Click the "Status" button below.
Comments:
					Request #: JHEN-4MKT5C
					Submitted: 07/25/2000 04:40:07 PM

	Name	Cost	Status	Implementation Comments
	Application/Database
	CompareRite....
Default Applications....
DJI (Dow Jones Interactive)....
ECT Legal Foreign & Domestic....
Internet Mail Access (NEW ACC....
Jurisdictional Document Libra....
Lexis Nexis Research - Legal....
Lotus Notes - New ID Access O....
No....
Terminal Server 4.0....
Unlisted Lotus Notes Applicti....
Westlaw....
Yes....

please enter social security number, if known room number and phone number
please enter social security number, if known room number and phone number

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	O:\Legal ... Directory		Not Started

	Request Processing Path
Processed By	Status	When	Comments

	Manager

	Security

	Implementation

		Editing History (Only the last five (5) are shown)

Edit #	Past Authors	Edit Dates
1
2
3	Jenny Helton
Jenny Helton
Jenny Helton 	07/25/2000 04:39:42 PM
07/25/2000 04:40:05 PM
07/25/2000 04:40:07 PM


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:41 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/22/2001 01:26 PM

		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula
Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard
Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita
Hennessy/NA/Enron@ENRON, Robert Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES,
Rosalinda Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Sharon Dick/HOU/EES@EES, skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya
Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri
Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES,
William S Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran
Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James
Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western
Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES, Jennifer
Rudolph/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas
Condon/SFO/EES@EES, wgang@enron.com, Scott Govenar <sgovenar@govadv.com>,
Hedy Govenar <hgovenar@mail.acom2.com> @ ENRON, jklauber@llgm.com
		 cc:
		 Subject: CA Legislative Summary

----- Forwarded by Jeff Dasovich/NA/Enron on 02/22/2001 01:23 PM -----

	John Neslage@ENRON_DEVELOPMENT
	02/22/2001 10:37 AM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Aaron Klemm/Western Region/The Bentley Company@Exchange@EES@ENRON, Mike
D Smith@EES
		 Subject: Re: Regulatory update

We are in the process of distilling this list down to its essentials, and
when we are done, I will forward it along to the group.  So as not to hold
you up, I am attaching a comprehensive list of proposed legislation in both
the Assembly and the Senate in California, along with short summary of what
each piece of legislation purports to do.

Thanks-

John


Patricia,

I have loaded all the MINANA and STATDAT files from the following directory.

Indian Mesa II\2002\Apr\Clear Sky ATP

Thanks

Rabi