Subj:   FW: LJM/Raptor valuations
Date:   10/4/01 8:30:17 AM Central Daylight Time
From:    Vince.J.Kaminski@ENRON.com (Kaminski, Vince J)
To:    vkaminski@aol.com

>  -----Original Message-----
> From:   Kaminski, Vince J
> Sent:    Thursday, October 04, 2001 8:28 AM
> To:    Siurek, Ryan
> Cc:    Kaminski, Vince J; Buy, Rick; Port, David
> Subject:    LJM/Raptor valuations
>
> Ryan,
>
> In the follow up to the meeting we had on Wednesday I would like
> to reinforce one point I made. I feel strongly that I cannot support
> the valuations my group has produced so far for the LJM/Raptor
> related transactions without examination of all the related legal
> documents.
>
> I feel that we did solid work based on verbal information,  but I
> cannot
> guarantee the quality of the final product without looking at the
> contracts.
> These transactions are too complex and controversial to bypass due
> diligence requirements
> that you would expect from any professional.
>
> Vince Kaminski
**********************************************************************
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.
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Subject: FW: LJM/Raptor valuations
Date: Thu, 4 Oct 2001 08:28:16 -0500
Message-ID: <31738B46B7BD864080808A19977D9F75449525@NAHOU-MSMBX03V.corp.enron.com>
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Thread-Topic: LJM/Raptor valuations
Thread-Index: AcFM2FMHpaiFOfRsQDCq6NwF20YoUQAABKQw
From: "Kaminski, Vince J" <Vince.J.Kaminski@ENRON.com>
To: <vkaminski@aol.com>
X-OriginalArrivalTime: 04 Oct 2001 13:30:02.0949 (UTC) FILETIME=[AC3E3750:01C14CD8]


There's a place for working and re-working.  There's also a a very important
place in art--writing in particular--for spontaneity and whim.  I'd do a
tweak here and a snip there, but quickly and only around the edges, and
submit it as a film review.  It's novel, it's fun, and exposure'd a good
thing.

Things are good.  Going to be weary for the next 3-4 weeks until schools out,
though.

Best,
Jeff

	"Scott Laughlin" <scottwl@hotmail.com>
	11/20/2000 04:15 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re:

Thanks for your suggestions. It's good to know, not only for this, but for
the future as well. I don't know what the hell Cameron wants to do. She
thinks that she is some kind of expert editor, when really she is a goddamn
lawyer who has read a book or two! She does want it to be the best it can
be, but it is ultimately not that important! Oh well. I'm just going to go
ahead and do what I want with it anyway.

Hope all's well.

>From: Jeff.Dasovich@enron.com
>To: "Scott Laughlin" <scottwl@hotmail.com>
>Subject: Re:
>Date: Mon, 20 Nov 2000 15:59:53 -0600
>
>
>I don't get it.  What does she want to do?
>
>
>
>                     "Scott
>                     Laughlin"            To:     jdasovic@enron.com
>                     <scottwl@hotm        cc:
>                     ail.com>             Subject:
>
>                     11/17/2000
>                     09:48 PM
>
>
>
>
>
>Jeff,
>
>Cameron doens't want you to send that Grinch thing out to anyone. Not that
>she would. She wants to edit it, and try to send it out all at once.
>Whatever. I'm forced to tell you.
>
>B.O.
>_________________________________________________________________________
>Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
>Share information about yourself, create your own public profile at
>http://profiles.msn.com.
>
>
>
>
>

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com


J.,  what is the status of this?  Mark Russell called again this morning for status.  I think he talked to Bill.  Please let me know.

thanks,

Kim

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Wednesday, October 24, 2001 11:53 AM
To:	Ward, Kim S (Houston)
Subject:	RE: FW: Master purchase/sale agreement - Salt River

Kim:  I have never received credit from Jay.  Sara

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, October 15, 2001 11:28 AM
To:	Shackleton, Sara
Cc:	Williams, Jason R (Credit)
Subject:	RE: FW: Master purchase/sale agreement - Salt River

Jay,  Can you send a credit worksheet to Sara for an ISDA for Salt River Project?

Sara, I am attaching the SRP documents.

Let me know if you guys need anything else.  What do you think the timing is on getting a credit worksheet together and a review of their docs?

Thanks,

Kim

 << File: 062701.sample isda schedule.doc >>

 << File: 070301.sample Paragraph13 credit annex isda.doc >>

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Monday, October 15, 2001 11:13 AM
To:	Ward, Kim S (Houston)
Cc:	Williams, Jason R (Credit); Ngo, Tracy
Subject:	RE: FW: Master purchase/sale agreement - Salt River

Kim:

Legal and credit have never responded on this one since there was no activity.  We will have to do a comparison of the CP form.  We also need credit since nothing has happened since 1999.

Can you resend the email version which Salt River sent to you?

Jay and/or Tracy:  Who will prepare credit?

Thanks.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Monday, October 15, 2001 10:28 AM
To:	Shackleton, Sara
Subject:	FW: FW: Master purchase/sale agreement

Sara,

Mark Russell of Salt River Project sent me their ISDA documents last week.  Can we take a look at them and make the changes we would like to incorporate?  He called this morning and they are considering financial transactions with us.  Please give me a call and let me know where we stand with this when you get a chance.  If I should send it on to some one else.  Please let me know that as well.

Thanks,

Kim

 -----Original Message-----
From: 	marussel@srpnet.com@ENRON [mailto:IMCEANOTES-marussel+40srpnet+2Ecom+40ENRON@ENRON.com]
Sent:	Friday, October 05, 2001 4:12 PM
To:	Ward, Kim S (Houston)
Subject:	RE: FW: Master purchase/sale agreement

I would like to begin working on an ISDA, I have attached our standard form
schedule and CSA for your review.  I think this is a good window of
opportunity.

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, April 05, 2001 9:13 AM
To: marussel@srpnet.com
Subject: Re: FW: Master purchase/sale agreement

Mark,

The best person to talk to about the ISDA is me.  I discussed an ISDA with
Tim Roberts when I was in the Salt River offices on March 23rd.  A draft
ISDA was sent to Bill Abraham on November 17, 1999.  I requested for a new
legal review on 3/28/01.  Let me know if you need a new draft and I can
send you or Tim a copy.  My number is 713-853-0685.

Thanks for your inquiry -

Kim Ward

marussel@srpnet.com on 04/05/2001 08:20:15 AM

To:   <Kim.Ward@enron.com>
cc:   <marussel@srpnet.com>
Subject:  FW: Master purchase/sale agreement

I have been trying to get an ISDA going with Enron for several months. Who
is the best contact to call?

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Friday, March 30, 2001 2:59 PM
To: kaprice@srpnet.com
Subject: Master purchase/sale agreement

Kent,

Attached is a draft copy of our Master Purchase/Sale Agreement for physical
natural gas transactions.  As I mentioned before, we can enter into
transactions for less that one year out.  However, for those outside of a
year and for longer terms, we need to have a master in place.  Hopefully,
we can get this one in place so that we will be prepared when/if we get
ready to transact.

Let me know if you have any questions.  I will have our legal guys standing
by to help, too.

Thanks,

Kim Ward

(See attached file: Master_NG_draft_contract.doc)

(See attached file: Master_NG_draft_contract.doc)

 - 070301.sample Paragraph13 credit annex isda.doc << File: 070301.sample Paragraph13 credit annex isda.doc >>
 - 062701.sample isda schedule.doc << File: 062701.sample isda schedule.doc >>


As discussed, please see the attached sample Master Firm Purchase/Sale
Agreement for your review.  Please do not hesitate to give me a call should
you have any questions.

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/04/2000
06:12 PM ---------------------------

	ENRON

From: Office of the Chairman@ENRON on 02/02/2000 06:18 PM
To: Enron Corporate News/Enron@Gateway, All_Enron_North America,
All_Enron_International, EC Employees -- All@Enron Communications, EI Mass
Mailing List - ALL@Enron_Development, EES_Employees@EES, ECT- Notes
Domain-All@ECT
cc:
Subject: Organization Announcement

Enron purchases billions of dollars of products through its wholly owned
subsidiaries and venture companies worldwide.  Historically, the Company has
conducted these purchases in a highly fragmented, decentralized manner
allowing each of the operating units the discretion to source their
requirements in a manner that optimizes unit performance.  Today, however,
with the implementation of SAP and the profound explosion in
internet/intranet-based technologies, we believe the Company should change
its direction and focus on aggregating its demand for goods and strategically
sourcing these requirements on a global basis.  We believe that there are
significant cash savings to be extracted by the Company and also commercial
potential for the formation of a highly profitable, business-to-business
e-Commerce venture.

Effective February 1, 2000, Enron will form a new Global Strategic Sourcing
unit.  This new unit will consolidate the current successful strategic
sourcing initiatives underway in the Gas Pipeline Group, Global Asset
Operations and Enron Corp.  Initially, Global Strategic Sourcing will focus
on aggregating Enron,s internal, joint venture and business partner demand
for products and services with the objective of creating a future
business-to-business e-Commerce venture.

It gives us great pleasure to announce that George Wasaff, Managing Director,
will lead this new global initiative.  George will report directly to Mike
McConnell, Chief Executive Officer for Global Technology.

George has been with Enron for fourteen years and has held many senior
executive positions, the most recent of which was Managing Director of ENRON
South America's Wholesale Operations.  George was also the Interim Chief
Executive Officer of Elektro from July 1998 through June 1999 and Chief
Executive Officer of Transportadora de Gas del Sur S.A. ("TGS") from June
1995 through February 1998.  George has also held numerous commercial
positions including Vice President and Country Manager, Mexico for Enron
International and Vice President of Marketing for Transwestern Pipeline
Company.

Please join us in supporting this new global initiative and congratulating
George in his new role with the Company.


Mark

I would like to thank you for your review of our draft product description.
The benefit of your experience is invaluable in assisting us to develop our
forms.

I had a couple of reservations about some changes you proposed.

In particular the changes  to the Swap product description  would involve the
Fixed and Floating Price in  each Calculation Period (half hour) being
averaged over a Settlement or Determination Period. The payment obligation
would  then be multiplied by the Notional Quantity Per Settlement Period to
get the amount payable on the Settlement Date.   This not the way electricity
derivatives are traded on the Australian electricity pool.   In addition to
being inconsistent with the terminology both within our documentation and
industry agreed forms we would have difficulty in having this new trading
form adopted by the market.

In brief, in Australia electricity trades occur  in the following manner:

- Trades are calculated on the basis of  discrete half hourly Calculation
Periods.

- Payment obligations for these Calculation Periods are then aggregated  on
Settlement Date each month. The Settlement Date is defined as the day each
month when parties are obliged to make payments under the National
Electricity Code.

- It is the market custom for the Notional Quantity to be quoted in MWs.
This number is then divided in half to calculate to convert it  into MWhs,
which becomes the Notional Quantity per Calculation Period.  (To ensure its
consistency with market practice we have determined that amounts should be
quoted in MWs then converted in this manner into MWhs. This is explained in
the product description

Mark Taylor and myself discussed the principles that should be followed in
preparing long form product descriptions.  Whilst we should endeavour for
consistency in drafting and in terminology amongst products, the primary
concern is to ensure that the terms used in the long form descriptions are
consistent with our GTCs,  other relevant contractual arrangements with the
counterparties and market trading forms.  There are also  practical reasons
for adopting terminology used in a particular market.  We would have some
difficulty in attempting to market EnronOnline to potential counterparties if
we also simultaneously convince them to commence trading on another type of
product.  Furthermore, departure from agreed forms of trading will increase
the transaction risk.

I would be interested in getting your views as we are planning to turn out a
number of descriptions over the next week based on our original form.
---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on
02/02/2000 02:16 PM ---------------------------

Paul Smith
02/02/2000 12:33 PM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Allan Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Australian Power: EOL Long Form Description

David,

I have changed the description of the reference load shape for OffPeak and
Flat trades. Can you pls OK these before I proceed with other regions. In the
meantime, I will use the original Peak template as the base for options.

Rgds
Paul

David Minns
31/01/2000 15:05
To: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Australian Power: EOL Long Form Description

The major change is the adoption of a new product into Australia. The current
arrangement is for trades to be effected in discrete 30 minute Calculation
Periods settled monthly in accordance with an the NEMMCO calendar. What is
proposed is for the floating amounts to to be averaged over a Settlement
Period. The implication is that the "Average Floating Amount" is this the
Average Floating Price multiplied by the number of Calculation Periods. This
should equate to the same figure. There are a couple of concerns

This  is not what is currently traded. There are no definitions to cover
these terms. We would also have to amend the GTCs and existing ISDA
Agreements to be able to trade this type of Product. Apart from additional
definitions issues such as rounding conventions for averaging would also need
to be addressed.
We will need to educate potential counterparties as to this produce.

There is also a change to require counterparties to quote a volume per
Settlement Period. A figure is quoted in MW and then multiplied by the number
of hours within the Settlement Period to get the "Notional Quantity Per
Settlement Period". Assuming this is limited to the number of hours within
each  "Victorian NEM Peak" during the Settlement Period it should work. But
there will need to be an explanation that the Average Floating Amount is the
Average Floating Price multiplied by the  Notional Quantity Per Settlement
Period.

If we must adopt this form then we have no choice but I believe that it will
cause difficulties in implementing EnronOnline. We will need not only sell
the system but also new products. A further level of complexity will be added
to trades as we attempt modify the current Australian market conventions.

Paul Smith
01/26/2000 07:45 AM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Australian Power: EOL Long Form Description

David,

Here is the response from Mark.

Comments?

Rgds
Paul

---------------------- Forwarded by Paul Smith/ENRON_DEVELOPMENT on
26/01/2000 07:48 ---------------------------

Mark Dilworth@ECT
26/01/2000 00:34
To: David Forster/LON/ECT@ECT
cc: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Australian Power: EOL Long Form Description

David

I have reviewed the language sent by Paul.

The description is broken down into 8 paragraphs - for the record:

Paragraphs 1, 2, 3, 7 all cover details usually covered in the Product Type
description (7 is actually settlement date[s] for which we do not have a
separate attribute).

Paragraph 4 is reference period.
Paragraph 5 is Index.
Paragraph 6 is loadshape.

These look fine to me - subject to my observations on whether we can use the
'Averaging' language.

Paragraph 8 covers 2 attributes - currency (looks fine) and Unit of Measure -
for which I suggest we go with our current language for MWh - which details
that the volume submitted by the counterparty is MWh per hour.

The product type language does not refer to determination (or settlement)
periods, but calculation periods (half hourly) - and then details the
computation of volume for a calculation period.

If we are consistent with the approach used in other products we would refere
to the average reference price (being the index) within a determination
period and further define the determination period. (If we average this also
changes the loadshape language).

I have attached a document with the language I would propose referring to
averaging.

Paul

I have reviewed the descriptions comparative to those already held for power
financial swaps on the system. David may have further comments.

David is not back until 7th Feb. and you may wish to have your legal team
consider if the 'averaging language' can be used in Australia before he
returns. If it can not I suggest we could add the definition of determination
period, and state that the settlement amount is the aggregation of the
amounts computed for all calculation periods within the determination period.

The second attachment purely takes the language from your document and orders
it as it would appear assuming all the attribute descriptions are as per my
breakdown above.

regards

M

Paul Smith@ENRON_DEVELOPMENT
24/01/2000 07:00
To: David Forster/LON/ECT@ECT
cc: Mark Dilworth@ECT, Allan Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elena Kapralova@ECT

Subject: Re: EOL Long Form Description

Apologies.
Please use this attachment as the prior attachment is incorrect.

Rgds
Paul


Trey, it looks like I may have to be in Portland for a mediation on July 27
-- with travel on the 26th and the 28th.  Are you planning to be gone then,
too?  If not, I'll schedule this trip (wanna join me with CAC and spend the
weekend?).

I hope you are having fun and not working too hard.  Don't worry too much
about me.  Gwyn is coming over to join us for dinner tonight, and Kay is
dropping by tomorrow -- she offered to watch Cameron if I needed to do
stuff.  I do miss you, though.

L, M

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

Michelle Cash
Enron North America Corp.
1400 Smith Street
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.


Sorry..... I am referring to the weather presentation.  I sent the original message last Wednesday.. The meeting is today at 3:00.
 -----Original Message-----
From: 	Bates, Kimberly
Sent:	Monday, November 19, 2001 1:55 PM
To:	Neal, Scott; Taylor, Gary
Cc:	Ames, Chuck; Brawner, Sandra F.; Germany, Chris; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; Zivley, Jill T.; Culotta, Lindsay; Frihart, Bryant; Giron, Darron C.; Mims, Patrice L.; Murrell, Russell E; Pollan, Sylvia S.; Tucker, Patrick
Subject:	RE: meeting this afternoon

I apologize, but the new system had problems and the scheduler just got back with me.

Conf Room 05075


We will be in town homes?;

PT

 -----Original Message-----
From: 	christopher.lewis@accenture.com@ENRON [mailto:IMCEANOTES-christopher+2Elewis+40accenture+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, August 23, 2001 4:50 PM
To:	Thomas, Paul D.; jonpaul.weiss@ey.com; cfalcon@ev1.net; jnovak1@pdq.net; peter.wisniewski@mavtech.cc
Subject:	Labor Day weekend

You boys gonna be in H-town Labor Day weekend?  I'm either coming in that
weekend or the weekend after...

Chris


- kudlow101901.doc


Bonnie, simply as a matter of clarification, this claim was reported to
Travelers (in November, 2000 following a letter from the claimant to SJGC)
for handling given the fact that we have a "real" policy of insurance for
general liability losses in Puerto Rico, although these losses are 100%
re-insured up to $2M/occurrence, inclusive of legal fees/costs, by Enron.;
Travelers in turn retained an independent, Alberto Pochet, to investigate the
circumstances of the loss as they do not have a claim presence in Puerto Rico
(this is the norm for these types of claims).;
;
The claimant alleges that she was dropped off by her husband to go to the
bank, while he parked the car.; As she;started;to walk across the street to
the sidewalk, she fell in a ditch, making contact with the pavement face
first.; The independent advised, following;an on-site investigation and
meeting with;both the claimant and SJGCs' Jesus Rodriguez, that the
location;where the claimant fell wasn't in an area where SJGC had worked,
although they did work in the immediate area in 1998 during the modernization
project.;;Thus, the claim was formally denied by the independent, with;our
knowledge as well as that of Travelers.; As indicated, Dave and I will be
overseeing this matter to a conclusion.; Copies of the suit papers have been
provided to Travelers as well.;
;
Any questions, please call.; Thanks,
;
Rob

-----Original Message-----
From: White, Bonnie
Sent: Tue 6/5/2001 6:13 PM
To: Sanders, Richard
Cc: Edison, Andrew; Guinn, Linda; Grant, David; Cole, Rob
Subject: Brunilda Ocasio Cuadro, et al. v. San Juan Gas Company

You will have received notice of service of process in the above-referenced
case today.; This is a slip and fall case filed against San Juan Gas.; The
Risk Management group already has a file on this matter, as the plaintiff had
previously filed a demand.; Upon investigation, Risk Management determined
that the plaintiff's alleged accident occurred at a facility that is NOT
owned by San Juan Gas, and, thus, denied the claim.; The matter will be
handled as a Risk Management matter, and Dave Grant will manage the
activities of outside counsel.; If you need any further information on this
matter, please contact Dave.

Thanks.;

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


Mirant Comments on the PX Offer of Settlement.  Hardcopies were served by US Mail.
 <<Comments on PX Offer of Settlement.DOC>>

 - Comments on PX Offer of Settlement.DOC


Hi, Sal.   Hope you are well.   I was out of town most of last week - and
again Sunday/Monday, so I feel a bit out of it!   How was Meagan's birthday?
Did she pass the driving test?   Did the earrings arrive in time?     Any
other news?   No big news here; just work.  Off to Arlington again on Friday
for a Special Olympics event, then on to a wedding Saturday.   Holiday
Monday.  Yippee!    How do you think the parental units are doing?   (I must
confess, I haven't talked to them too much lately . . . )    love, cara


Title: Drilling Activity Downturn Means Tighter Gas Supply
URL(s):

http://www.cera.com/eprofile?u=35&m=2808;

***********************************************************************

FALLING GAS PRICES TRIGGER ACTIVE RIG COUNT DECLINE

The economic downturn, lower industrial demand, moderate weather, and falling
gas prices have combined to hit gas-directed drilling activity hard. Gas prices
briefly fell below $2.00 per MMBtu in October. From a midsummer peak of 1,068
gas-directed rigs, the US industry active rig count plummeted to 834 by
November 9 and could fall as low as 700-750. Producers' drilling plans for the
2002 budget year are already being curtailed.

*  The drilling downturn could mean as many as 8,000 fewer gas wells in the
United States over the next 12 months and 1.5 to 2.0 billion cubic feet per day
of lost production.

*  The majority of the activity reduction is onshore, but the significant drop
in Gulf of Mexico shallow shelf drilling will have a huge impact on productive
capacity.

*  Gas supply could be extremely tight once again next year just as the economy
recovers, and gas demand is expected to rebound with it.

**end**

Follow above URL for complete report.

E-mail Category: Decision Brief
CERA Knowledge Area(s): North American Gas

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Per the request of Mark Haedicke, please see this attachment:


There will be two presentations tomorrow from UBS commencing at 2:30 p.m. (CST).  These will be held in ECS 06980 and the conference dial-in numbers are listed below.

				2:30 p.m.	Bill Glass & Bill Bradford - Credit
				3:00 p.m.	Alex Fusco - New Business Guidelines

Dial-in #		800.486.2726
Host code	353763 (Louise)
Participant	547763

Many Thanks,

Liz Taylor
Assistant to Greg Whalley
713.853.1935 office
713.853.1838 fax
713.854.3056 mobile


Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct
headline links to each story.]

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    CRISIS AND OPPORTUNITY:  POWER MARKETS 2001
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--------------------T O P S T O R I E S--------------------

Top Stories (February 27)

CALIFORNIA LIFTS POWER ALERTS, BUT EXPERTS SAY CRISIS IS FAR FROM RESOLVED
As oddly as it arrived, California's electric emergency lifted Thursday
morning. At 9 a.m., the Independent System Operator, which controls most of
California's grid, ended a Stage 1 alert. It was the first time since Jan. 13
that the state hadn't been under a power emergency, declared when low
supplies threaten grid stability.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/27/krtbn/0000-0338-SA-POWER-ALERT

PACIFIC GAS & ELECTRIC DECLINES COMMENT ON STATUS OF POWER GRID SALE TALKS
PG&E Corp. declined to confirm California Gov. Gray Davis' prediction Tuesday
that the state will conclude an agreement to buy the transmission assets of
its Pacific Gas & Electric Co. utility unit within two or three weeks.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/27/eng-djn/eng-djn_210053_90_2343033626676

US HIGH COURT SAYS EPA ERRED IN SETTING OZONE STANDARD
The U.S. Supreme Court rejected an attack on the Environmental Protection
Agency's authority to write air quality standards, ruling Tuesday that
Congress hadn't given the agency too much power to set pollution limits.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/27/eng-djn/eng-djn_140102_223_026655577123

MIRANT CORPORATION TO MOVE 1,000 MW IN POWER PACTS TO CALIFORNIA DEPARTMENT
OF WATER RESOURCES
Mirant Corp. agreed to shift 1,000 megawatts in power contracts from the
California Power Exchange to the Department of Water Resources, which is
acting as the state's electricity buyer.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/27/eng-djn/eng-djn_210051_3_53283406700939

UTILICORP STILL ON MIDWEST ISO FENCE DESPITE LOOMING DEADLINE
Utilicorp United Inc. has not yet decided whether to officially become a
member of the Midwest Independent Transmission System Operator Inc. grid
operating group, a company executive said Tuesday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/27/eng-djn/eng-djn_190100_193_388186472002

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

PG&E Declines Comment On Status Of Power Grid Sale Talks

Mirant Corp. Power Pacts -2: To Provide 750 MW In March

Mirant Corp. To Move 1,000 MW In Power Pacts To Calif DWR

PRESS RELEASE: Progress Lack Could Hurt Cal Econ-Moody's

Progress Lack In Pwr Crisis Could Hurt Cal Econ -Moody's

Utilicorp Still On MW ISO Fence Despite Looming Deadline

PECO Raising Natural Gas Rates For Residential Customers

US High Court/EPA -3: EPA Should Rethink Ozone Rules

US High Court - EPA -2: Ruling A Blow To Business

US High Court Says EPA Erred In Setting Ozone Standard

US High Court Backs EPA Power To Set Air-Quality Rules

US High Court:EPA Can't Weigh Costs In Setting Air Rules

Enron, Japan Utility In Tie-Up Talks - Nikkei

US Weather: Deep South Expecting Thunderstorms

HUNGARIAN PRESS: AES Won't Build Hungary Plant

FCI To List On NYSE, Paris In 2001 -Cogema Pres

Calif Power Officials Thankful For Miserable, Wet Winter

Danish NEG Micon/Order -2: To Be Installed This Year

REPEAT: Danish NEG Micon Gets DKK425 Mln US Order >K.NEG

Aggreko/12-Mo -3: Says 2001 Has Started Well

Aggreko/12-Mo Earns -2: Sales Up 24% To GBP279.5M

Aggreko FY00 EPS 14.51 Pence Vs 12.33 Pence >U.AGK

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Generators Could Ease Energy Crisis

Some Steps To Power Sector Restructuring Possible This Year

Energy Producers Inc. Announces Acquisition of A Majority Net Revenue
Interest in Texas Properties

Government's Track Record on Energy

Energy Firms Try Power Play

Ryan Energy Technologies Inc. Announces Results for the Year Ended December
31, 2000

Alliance to Save Energy Watches Energy Action Behind Rhetoric of President
Bush's Address to Congress

Transalta Seen Winning Mexican 450-Megawatt Contract

Comanche Energy, Inc. Retains Advisor

Mirant Agrees to Move 1,000 Megawatts in Power Contracts to California Dwr

US/Canada Spot Natural Gas: Cash Mostly Inside Monday's Range

Chubu Electric to Set Up Independent Power JV in April

Nuclear Power Surge Predicted

-New March 15 Entry Deadline For Optiron's Billing and Customer Care
Challenge Contest

Advisory/Powering a Clean L.a.; City Council And Local Government Set Course
for Energy Efficiency, Cleaner Air Through Landmark Energy Action Plan

Fuel Cell Technologies Corp - Annual General Meeting on May 8, 2001

Repeats: Energy Volume And Open Interest Totals-Feb 27

Department of Energy Application to Export Electric Energy; Idaho Power
Company

Department of Energy Application to Amend Presidential Permit San Diego Gas &
Electric Company

Total Energy Services Ltd. Announces Record 2000 Results

Astoria Power Plant To Get Go-Ahead

NY Natural Gas: Rallies on Power Mkt Strength, Short Covering

/C O R R E C T I O N -- Constellation Energy Group/

Energy Deal Signed for Llano Estacado Wind Ranch at White Deer

Rates to Rise March 1 for Peco Energy Natural Gas Customers

Around New York ; More Hearings This Week on Rockland Power Plant

Ford Motor Co. Introduces Stylish Electric Bikes with Th!Nk Bike Traveler and
Bike Fun

Correcting Table Headers in Fuelcell Energy Release, Bw2306

Rising Utilization Suggests Rising Energy Shares

Forrester Research Announces the Birth of The Information Utility

NEG Micon wins 54 mln usd contract to deliver 89 wind turbines to Iowa project

Total Energy Services Ltd - Record 2000 Financial Results

Caminus' Zai*Net Weatherdelta Selected by Williams Energy; Leading
Tulsa-Based Company Deploys New Caminus Software to Measure Weather's Impact
on Energy Contracts

Beacon Power Appoints John Doherty Vice President of Sales And Marketing And
Stephen Spanos Corporate Controller

Constellation Set to Begin 1st Major Power Plant to Serve Southern California
in Over A Decade

Vericor Power Systems Offers Onsitepower(TM) Build-Own-Operate Gas
Turbine-Based Power Plants

Pengrowth Energy Trust - Fiscal 2000 Results (Part 2 of 3)

Pengrowth Energy Trust - Fiscal 2000 Results (Part 3 of 3)

Arizona's Largest Electric Company Rolls Out Eprise-Driven Web Initiatives
for Internal And External Business

Broad GOP Energy Bill Unveiled

Avista Corp. And Scapca Reach Agreement to Extend Operations of Spokane Power
Plant

Vector Energy Corp - Bateman Lake #22 Placed Into Production; $700,000 in
Potential - Revenue Net Per Year

International Absorbents Inc - Significantly Reduces Energy Costs; Return to
Energy Prices - at Lower Levels Will Further Strengthen Profitability

-Energywiz Announces 2001 Deregulation Seminar Schedule

Power Plan Pays Users to Conserve

Producing Winds of Change / As Power Prices Rise, Windmills Are One Way to
Decrease Costs

Governor Urges Water, Power Conservation Kempthorne Warns of Low Snowpack,
Orders Agencies to Save Electricity

Low-Sulfur Diesel Made From Natural Gas

Texas Firm to Manage Energy at Eli Lilly

Big Changes for Utilities Bill to Determine Prices If Power Competition Lags

Utility Buys Wenninger

Toyota to Introduce New Fuel Cell Hybrid Vehicle

Csiro: Salinity Battle Brings Dollars And Energy

Neg Micon Wins Usd54m Wind Turbine Order in US

Court Weighs U.S. Power Over Utilities

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Philippine Muslim separatists attack state-run power plant

Top Energy Summaries - Tuesday, February 27, 2001 - 2:20 PM

Top Energy Summaries - Tuesday, February 27, 2001 - 5:24 PM

Toyota Motor Develops New Fuel Cell Hybrid Vehicle

Chubu Electric to Issue Callable Bonds

Xcel Energy, Aep Accept Innogy Offer to Purchase Yorkshire Electric

Hydro Environmental Resources Signs $1.5m Contract to Build Pilot Energy
Plant in New Zealand

Spain govt cuts maximum natural gas price to 3.5672 ptas/therm vs 3.6829

Seizure of Shell unit in Nigeria cuts gas to power company

Wrap: Innogy to Buy Yorkshire Power for $2.7 Billion (Update 1)

Top Energy Summaries - Tuesday, February 27, 2001 - 12:22 PM

Temelin reactor connected to Czech power grid

Toronto Hydro Chooses Mincom Utilities Solution

Cvrd Invests US$177mn in Energy - Brazil

Mme Reinforces Energy Saving Programs - Brazil

Neg Micon to Sign 20.7mw Wind Contract - Jamaica

Aep And Xcel Energy Agree to Sell Yorkshire Power Group to Innogy Holdings PLC

Setc To Promote New and Renewable Energy Uses in Next 15 Years

Top Energy Summaries - Tuesday, February 27, 2001 - 9:32 Am

Impco Announces $4 Million Order from India for 4000 Natural Gas City Bus
Systems

Italy: Rolls-Royce Gets o6 Million Energy Projects Contract

Moscow, Seoul to Cooperate in Fuel And Energy Complex.

Wrap: Innogy to Buy Yorkshire Power for $2.7 Billion

Daya Bay Nuclear Power Plant Supplies 10 Bln kWh Power To Hong Kong in 2000

Ocean Power Corporation Executes First Regional Joint Venture Agreements

Patent Application for 'Generation of Hydrogen' Filed by Reg Technologies,
Inc.

India's National Thermal Power Corp to Take Over Ailing Power Plants

Greymouth Petroleum to offer 3.70 usd per share for Fletcher Challenge Energy

Innogy acquires 94.75 pct of Yorkshire Power for 508.6 mln stg

FULL:UK's Innogy to Buy 94.75% of Yorkshire Power for 508 Mln Stlg

Pke in Talks to Buy Coal Mines Valued at One Billion Zlotys

Smi: Smi Updates Portfolio of Energy Management Reports

Uk's Innogy to Buy 94.75% of Yorkshire Power... - Part 3

Uk's Innogy to Buy 94.75% of Yorkshire Power for 508 Mln ...

NZ company launches rival bid for NZs Fletcher Challenge Energy

Large-Scale Repair Launched at Primorye Electric Station.

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Tennessee Valley Authority Uses Military Technology to Prevent Power Outages

Judge Says California Utilities Should Be Forbidden to Lay Off Workers

California Senator Announces Plan to Reward Electricity Conservation

California Governor's Deadlines on Energy Are Much Easier Set Than Met

California Lifts Power Alerts, But Experts Say Crisis Is Far from Resolved

Pennsylvania's Deregulated Electricity Market Proves Tough for Competition

New Term on Pennsylvania Natural Gas Bills Confuses Customers

Pueblo County, Colo., Commissioners Discuss Water Strategy

Hickman, KY., Finds Cause of Recent Power Outage

Florida Utilities Find Deregulation a Hard Sell in Face of California Debacle

Unit of Iowa-Based Energy Group Sues California Utility for Nonpayment

American Water Works Withdraws from Proposed Deal with California Water Firm

The Star-Ledger, Newark, N.J., Odd Jobs Column

Milwaukee Journal Sentinel Street Smart Stock Analysis Column

Alliant Energy Hopes for Easing of Wisconsin Law to Enable Buyout

Houston's Reliant Energy Puts Its Power-Bill Fight with California on Hold

Massachusetts Utility Asks Regulators to Cut Rates by 18 Percent

Colorado Commission Forces Xcel Energy to Add Wind-Power Farm to Its Plans

Congressional Battle Expected Over New Energy Security Bill

Texas Railroad Commission Presents Forum to Air Gripes About Energy Bills

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

No Stories Available Tuesday, February 27, 2001

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New! Five additional RealVideo-based powerpoint-based presentations, with the
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ELECTRONIC TRADING. Power is following natural gas to become an
electronically-traded commodity. The products, the technology and the future
of electricity transactions. Kevin Sluder, Vice President, HoustonStreet
Exchange.

NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
operation together-- the cash and credit requirements, back office,
information technology, staffing, marketing, sales and organizational
considerations. Andrew Serri, Vice President, AmerenEnergy Marketing.

RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone

MANAGING BILLING. The complex requirements for managing billing and
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CIS and CRM technology. Energy Retailers must embrace the next evolution of
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----- Forwarded by Tana Jones/HOU/ECT on 05/16/2001 03:52 PM -----

	ARSystem <ARSystem@mailman.enron.com>
	05/16/2001 03:43 PM

		 To: "tana.jones@enron.com" <tana.jones@enron.com>
		 cc:
		 Subject: Request Closed: Access Request for hamish.m.scutt@enron.com

The request has been completed with all resources requested either completed
or rejected. You can view the details of the  request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034935&Page=
MyReq.


Jeff - we participated in this open season and hold capacity in our name. We
will also take assignement of capacity from several shippers.

Please call if you have any questions.

From: Jeff Dasovich on 04/09/2001 10:18 AM CDT
Sent by: Jeff Dasovich
To: Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Christopher
F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron, skean@enron.com, Susan J Mara/NA/Enron@ENRON,
Sandra McCubbin/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, Rebecca W Cantrell/HOU/ECT@ECT
cc:

Subject: FERC ruling on Kern expansion

Kern Gets Speedy OK; Breathitt Questions Action
FERC moved with record speed to issue a certificate last week to Kern River
Gas Transmission for its 135 MMcf/d, mostly compression, expansion to the
natural gas-starved California market, but not all of the commissioners were
happy with the expedited manner in which the project was approved.
"The speed with which the Commission has acted in this proceeding is
something which will no doubt be touted as a great effort," but the
"precedent we have created could be a double-edged sword," warned
Commissioner Linda Breathitt in a partial dissent of the decision. Although
she voted in favor of the certificate in the end, she questioned whether FERC
"should...be willing to sacrifice careful review for speedy action."
Breathitt further said she seriously doubted the so-called California Action
expansion of the 900-mile,Wyoming-to-California Kern River system merited the
"extraordinary regulatory treatment" that the Commission gave it. Critics
claim that the $81 million project will not flow any more gas to the Wheeler
Ridge Interconnection in California than is currently available there, she
noted, adding that it would simply displace existing gas.
"...[I]t will not necessarily result in any net increase of natural gas in
the California marketplace. This makes it difficult to understand just how
our approval of Kern River's proposal is going to assist in increasing
electric generation in California this summer," Breathitt said. If anything,
she noted the project could make the congestion problem at Wheeler Ridge even
worse than it is.
There should have been a "fuller airing of this issue" at FERC before the
project was certificated, she noted. "It would be counterproductive for this
Commission to act precipitously on projects related to California without
ensuring that they will, in reality, benefit specific markets --- and more
importantly, that they will cause no further harm."
The Commission majority, however, readily dismissed protests of Pacific Gas
and Electric (PG&E), Southern California Gas and other California customers,
that claim the Kern River expansion would degrade service to existing
customers. They requested that existing customers be given priority over
expansion shippers.
"We conclude that the California Action Project will not have undue negative
impacts on existing shippers or competing pripelines," the order said
[CP01-106. For starters, "the record does not show that pro-rata allocations
of primary firm capacity have been a problem at Wheeler Ridge." Kern River
reports that the aggregate primary firm delivery rights of its shippers at
Wheeler Ridge will increase to about 527 MMcf/d from 450 MMcf/d as a result
of this project. At the same time, the design delivery capacity at the
Wheeler Ridge Meter Station will be increased to about 800 MMcf/d from 598
MMcf/d to accommodate existing shippers, new expansion shippers and Mojave
Pipeline shippers, it noted.
"Therefore, the expanded delivery point capacity at Wheeler Ridge will be
greater than the sum of the combined Kern River and Mojave contract volumes.
The Commission recognizes that this does not factor in the volumes
attributable to both PG&E and local production that are also delivered to
Wheeler Ridge. However, our emphasis is on Kern River being able to provide
sufficient delivery point capacity for its customers," the order said.
"The solution to the problem of pro-rata allocations of any services at
Wheeler Ridge lies not with the interstate pipelines, but rather in fixing
the problem with the take-away capacity and the lack of firm transportation
path rights on SoCalGas, a matter which is beyond our jurisdiction."
The project would increase the "limited-term, incremental transportation
capacity" of Kern River by 135 MMcf/d from Wyoming to California to help
address the urgent need for additional gas in the West. An estimated 53,900
horsepower would be added to the pipeline, including three new compressor
stations, and upgraded facilities at three existing compressor stations and
an existing meter station. The project, which has been fully subscribed, has
a targeted in-service date of July 1 of this year.
Kern River plans to use a mix of permanent and temporary facilities on the
project, with the temporary facilities intended to be subsequently replaced
by permanent 2002 California Expansion Project facilities (which is pending
at FERC), and the permanent facilities to be incorporated into the design of
the pipeline's 2002 and 2003 California Expansion Projects. The 2003 project
recently went through an open season


I have a meeting in the morning on this deal to get a price for the 10,000/d.  I am hoping that as part of this overall deal I can get a pretty good price on that package.  As far as your analysis goes, I have not gotten through it completely, but make sure that you do not add fuel and commodity charges to the transport that does not flow.  Our current analysis shows that the reallocation on El Paso should take place in the 1st or 2nd quarter.  At that time this capacity will have more value out of the Permian than it does today when it does not flow.  The .38 rate you are using is the current full toll rate. The demand charge is actually only $.3595 and it drops to $.2991 in January 2004.  The commodity charge for San Juan is currently $.026 and drops to $.019 in 2004.  Let's go through this and the other components in the morning.

-----Original Message-----
From: Brian Stone [mailto:htebs@huber.com]
Sent: Thursday, October 04, 2001 12:50 PM
To: Whitt, Mark
Subject: San Juan Proposal

Mark,
Help me out here!
I took our current marketing arrangements, selling into the spot
market, assuming the worst at EPNG-SJ Index - $0.10, and compared it to
the pricing under the three tranches.  I realize we are mixing IF and
GDA, but IF can be swapped for GDA and vice-versa in the swing swap
market.  My dilemma is that the firm transportation does not appear to
be accretive, in fact it results in $0.05 / mmbtu  less than current
arrangement (accross the total volume).  What is really killing it is
the NW basis and discount...am I using the right one?  (FYI, I used
ENA's mid-market basis for the 12-month strip going forward).  What am I
missing here?


----- Forwarded by Richard B Sanders/HOU/ECT on 01/16/2001 10:29 AM -----

	ARSystem <ARSystem@mailman.enron.com>
	01/15/2001 07:13 PM

		 To: "richard.b.sanders@enron.com" <richard.b.sanders@enron.com>
		 cc:
		 Subject: Approval is Overdue: Access Request for hugh.eichelman@enron.com

This request has been pending approval for  6 days and you are the
alternate.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000012515&Page=
Approval to review and act upon this request.

Request ID          : 000000000012515
Approver            : linda.r.guinn@enron.com
Request Create Date : 1/8/01 8:12:00 AM
Requested For       : hugh.eichelman@enron.com
Resource Name       : Litigation Tracking Database Write
Resource Type       : Applications


Here's the agreement with my changes (I think they show up in blue).  I
changed the "permit' language and one date.

To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: WMI Agreement

Mark,

Pursuant to my message yesterday, please find an attached copy of WMI's
Agreement for your review.

Thanks,

Michael Moulton


We'll see you at about 4pm is that ok?

On cell 07778757656 - flying tonight.

 -----Original Message-----
From: 	"Xuan Pollard" <xpollard@richardfreemanco.com>@ENRON
Sent:	Thursday, January 17, 2002 3:47 AM
To:	Kitchen, Louise
Subject:	Re:

OK for 29th.  Camille finishes school at 2.30pm on Tuesdays so why dont you
come over to west london and then have some supper so that Pierre can see
you when he gets back from work.

X
----- Original Message -----
From: Kitchen, Louise <Louise.Kitchen@enron.com>
To: Xuan Pollard <xpollard@richardfreemanco.com>
Sent: Tuesday, January 15, 2002 7:54 PM
Subject: RE:

27th - Marcus family - first time they have seen Scott
30th - at the embassy all day for green card

So how about afternoon of 29th?
>  -----Original Message-----
> From: "Xuan Pollard" <xpollard@richardfreemanco.com>@ENRON
> Sent: Tuesday, January 15, 2002 3:48 AM
> To: Kitchen, Louise
> Subject: Re:
>
> That is v soon but also v short.  We are around those dates.  Sunday 27 is
> cool.  Monday 28th - am working, 29th working in the morning only and
> Wednesday 30th all day off.
> Quack
> ----- Original Message -----
> From: Kitchen, Louise <Louise.Kitchen@enron.com>
> To: Xuan Pollard <xpollard@richardfreemanco.com>
> Sent: Monday, January 14, 2002 10:32 PM
> Subject: RE:
>
>
> Hello
>
> We are coming over to get our green card done - hopefully anyway. We will
be
> in London 27th - 30th of January - are you around?
>
> Can't wait to see Camille and Alice.
>
> In a while - crocodile
>
> >  -----Original Message-----
> > From: "Xuan Pollard" <xpollard@richardfreemanco.com>@ENRON
> > Sent: Monday, January 14, 2002 6:44 AM
> > To: Kitchen, Louise
> > Subject:
> >
> >
> > Happy new year!!!   Hope you had a nice  Xmas and new year.  Thank you
so
> much for lovely presents.  Alice  adores her frog...it's a great idea.
When
> are you coming over?  We  are off to Megeve ( I think...) from the 15th
> March, kids at ski  school/creche.  We can fit more people into flat if
you
> are in the  area.
> >
> > Later alligator
> >
> > X
> >
>
____________________________________________________________________________
> _____________________________________
> > This  email is confidential and may also be privileged.  If you are not
> the  intended recipient please notify us immediately by telephone on 0207
> 351 5151  and ask for the sender.  You should not copy it or use it for
any
> purpose  nor disclose its contents to any other person.
> >
> > Internet communications are not secure and  therefore Richard Freeman &
Co
> does not accept legal responsibility for the  contents of this message as
it
> has been transmitted over a public network.   If you suspect the message
may
> have been intercepted or amended, please call the  sender.
> >
> > Richard Freeman & Co
> > 13 Radnor   Walk
> > London SW3
>
>
> **********************************************************************
> 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.
> **********************************************************************
>
>


bdugan@ubspw.com


that is totally cory


Jim, if we delete current Section 4.3, then we would like to reinsert the
"negligence" clauses in Section 4.2 (I don't remember how they got negotiated
out in the first place).  So it would read:

4.2  a.  TW shall release, protect, indemnify, defend and hold harmless EPFS,
its affiliated companies and officers, directors, employees, and agents and
servants, contractors and subcontractors ("Indemnified Party" or "Indemnified
Parties") from and against that portion of the liabilities, losses, claims,
damages, penalties, causes of action, suits (including suits for personal
injuries or death or property damage and including reasonable attorneys' fees
and expenses) caused or contributed to by the negligence of TW or its
agent(s) arising out of or in connection with its obligations under the terms
of this Agreement.

b.  EPFS shall release, protect, indemnify, defend and hold harmless TW and
its Indemnified Parties from and against that portion of the liabilities,
losses, claims, damages, penalties, causes of action, suits (including suits
for personal injuries or death or property damage and including reasonable
attorneys' fees and expenses) caused or contributed to by the negligence of
EPFS or its agent(s) arising out of or in connection with its obligations
under the terms of this Agreement.

c.  [same as current version]
d. [same as current version]

"Wright, Jim (Legal)" <WrightJ.legal@epenergy.com> on 09/29/2000 04:07:36 PM
To: "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc: "Aucoin, Darin" <AucoinD@EPEnergy.com>

Subject: TW/EPFS Interconnect Agmt

Susan-
See what you think of using the following in Section 4.2 and deleting
Section 4.3 in its entirety and replacing it with the below:

Section 4.2
  a.  TW shall release, protect, indemnify, defend, and hold harmless EPFS,
its affiliated companies and officers, directors, employees, agents and
servants, contractors and subcontractors ("Indemnified Party" or
"Indemnified Parties") from and against any and all liabilities, claims,
damages, penalties, causes of action, suits (including suits for personal
injuries or death or property damage and including reasonable attorney's
fees and expenses) in any way directly or indirectly arising out of or in
connection with TW's performance of its obligations under the terms of this
Agreement.
  b.   EPFS shall release, protect, indemnify, defend, and hold harmless TW
and its Indemnified from and against any and all liabilities, claims,
damages, penalties, causes of action, suits (including suits for personal
injuries or death or property damage and including reasonable attorney's
fees and expenses) in any way directly or indirectly arising out of or in
connection with TW's performance of its obligations under the terms of this
Agreement.

Section 4.3
In no event shall either party be responsible for the gross negligence or
wilfull misconduct of the other party or their Indemnified Parties.

******************************************************************
This email and any files transmitted with it from El Paso
Energy Corporation are confidential and intended solely
for the use of the individual or entity to whom they are
addressed. If you have received this email in error
please notify the sender.
******************************************************************


Today was a very difficult day for us as market uncertainty continued.  Recent news reports, including The Wall Street Journal article today, have speculated about possible mergers, takeovers and equity investors as options that Enron is considering.  The reason you have not seen us responding to these reports is that it is our corporate policy not to comment on market speculation.  However, I will tell you that we are evaluating all options to protect the financial stability of this company.  I will keep you updated on developments as they occur.


Can you send an ISDA contract to:

Steve Hollabaugh, P.E.
Assistant GM
11570 Donner Pass Road
P.O. 309
Truckee, CA  96160

StephenHollabaugh@tdpud.org

Tracy can you start looking at the credit for these guys.

Thanks,

Paul Choi


FYI.  Rebecca got back in touch wanting to talk about the history of dereg in
California.  Been trading messages.  When she gets back to me with what she
wants to discuss, I'll check back in before having the conversation.
Question:  What about giving her a copy of our high tech slides with the
intent of getting her to do a story on it?  She might be a good "carrier."
Thoughts?  One story has already hit the SJ Mercury News.

Best,
Jeff


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/26/2000
08:22 AM ---------------------------

Vasant Shanbhogue
07/25/2000 05:12 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: My Bullet Points for Offsite

1.  Discuss methodology for Insurance Pricing, using concept of Return on
Economic Capital

  2.   Compare Real Options approach for evaluating options with a Cash Flow
Model approach

  3.   Discuss the technology behind building an e-commerce site


Hi


In discussing the Omnibus with outside counsel on a deal, I am not clear that
the definition of "Loss" picks up the concept of "Unpaid Amounts."  Arguably
it does (although the concept of "Unpaid Amounts" is built into the ECT
Master upon which the Omnibus was based for Early Termination for Events of
Default but not followed through entirely for Accelerated Termination Date).
My guess is that we decided that Omnibus "Loss" pv of economic loss includes
both past amounts owed/subsequent valuation.  Can you recall?


You have the right Kevin Presto.   I have been employed at Enron now for almost 7 years.   I currently oversee the company's power trading and marketing business in the Eastern US.    Unfortunately, I spend entirely too much time at work, but I love the job and Enron's culture in general.

How are you doing?   I have not seen any of my Tri-City classmates in many years.   I think the last time I saw you was at Mark Bayless' wedding (85-86?) if my memory is correct.

Where is your job located and what work have you done with Enron?

 -----Original Message-----
From: 	"Christine Engstrom" <christine_engstrom@fanniemae.com>@ENRON [mailto:IMCEANOTES-+22Christine+20Engstrom+22+20+3Cchristine+5Fengstrom+40fanniemae+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 29, 2001 5:07 PM
To:	Presto, Kevin M.
Subject:	BLS Alum?

Hi Kevin,

Apologies if this is the wrong Kevin Presto, but I ran across your name
on the Enron website.  In my previous job, I used to do a lot of work
with Enron on overseas ventures and was surprised to see your name on
the website.  Did you grow up in the Tri-Cities, Washington, and attend
Bethlehem Lutheran School?  If so, I am not sure if you remember me, but

I also went to BLS and was your classmate.

Drop me a line if I have the right person.  Would be interested to
hear about your work at Enron and what you have done in the interim
after leaving Washington state.

Chris Engstrom


This seems principally to be a "help Davis now" sort of exercise, but perhaps
there's a business opportunity in it for EES.  Thoughts?
----- Forwarded by Jeff Dasovich/NA/Enron on 04/11/2001 06:02 PM -----

	"Carl Guardino" <cguardino@svmg.org>
	04/12/2001 01:15 AM
	Please respond to cguardino

		 To: <cguardino@svmg.org>
		 cc:
		 Subject: RE:  Energy Summit II

Dear Silicon Valley Leader:

Please plan to join the Silicon Valley Manufacturing Group, San Jose Mayor
Ron Gonzales, Santa Clara County Supervisor Jim Beall and other key
community leaders for a "Santa Clara County Energy Summit II."

The goal of the Summit is simple - and critical: What IMMEDIATE steps can
each of us individually and collectively take to get California through the
summer months, to minimize rolling blackouts.  With that in mind, we will
focus on QUANTIFIABLE deliverables relative to conservation, load management
during peak periods, generation and state policies.

Special thanks to SVMG Member Company, Synopsys, for offering to host the
Summit, which will take place On Friday, May 4, from 8 a.m. (sharp) until 12
Noon at their Sunnyvale company site, 455 North Mary Avenue, Building 2.

Invitations and registration materials to follow.  If you have any
questions, or require additional information, please call the SVMG offices
at 408/501-7864, or simply respond to this e-mail.

 - winmail.dat


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000
10:06 AM ---------------------------
From: Sarah Novosel@ENRON on 12/13/2000 04:39 PM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Donna
Fulton/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON
cc:
Subject: Final FIled Version

----- Forwarded by Sarah Novosel/Corp/Enron on 12/13/2000 05:35 PM -----

	"Randall Rich" <rrich@bracepatt.com>
	12/13/2000 05:13 PM

		 To: "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, <jhartso@enron.com>,
<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>,
<Richard.b.sanders@enron.com>, <snovose@enron.com>
		 cc:
		 Subject: Final FIled Version

The filed version of the comments in the San Diego Gas & Electric matter at
FERC is attached.

 - SANDIEGO.DOC


FYI,

Attached are comments on the current draft of the NWRTO TCA.  I sent
them to Marcus Wood on behalf of the power marketer group.

Carl

 - NWRTO-TCA-Comments-CFI-070800.rtf


Vance,

Based on the information below, nominations are being revised effective May 1, 2001:

Counterparty		Meter #	Orig. Nom	Rev. Nom

Barrett Resources	0435		1,536		0

Seneca Resources	0435		3,073		4,609

				Total	4,609		4,609

Bob

From:	Vance L Taylor/ENRON@enronXgate on 04/25/2001 08:42 AM
To:	Robert Cotten/HOU/ECT@ECT
cc:	George Weissman/HOU/ECT@ECT, Susan Smith/ENRON@enronXgate, Melissa Graves/ENRON@enronXgate
Subject:	RE: May Wellhead "Spot" Purchases - Request

Bob,

HPLC continues to purchase gas from both Ocean and Seneca on a term basis; firm tickets were submitted for April origination beginning with the month of April.  As for as  Barrett, they are selling their gas under a JOA with Seneca; therefore, 100% of Barrett's production is being paid to Seneca.  Consequently, you should see tickets in sitara for both counterparties.

Let me know is you can't.

vlt
x36353

 -----Original Message-----
From: 	Cotten, Robert
Sent:	Tuesday, April 24, 2001 6:20 PM
To:	Taylor, Vance L.
Cc:	Weissman, George
Subject:	Re: May Wellhead "Spot" Purchases - Request

Vance,

Are we still purchasing gas at meter 435 from Barrett Resources, Ocean Energy and Seneca Resources?  They were on George's spreadsheet but they are not termed up.  The only deals termed up are Mariner, St. Mary Land, Walter Oil & Gas and The Meridian Resource.

Bob

From:	Vance L Taylor/ENRON@enronXgate on 04/24/2001 04:25 PM
To:	Robert Cotten/HOU/ECT@ECT
cc:	Janie Aguayo/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Donald P Reinhardt/ENRON@enronXgate, Susan Smith/ENRON@enronXgate, Melissa Graves/ENRON@enronXgate, George Weissman/HOU/ECT@ECT
Subject:	May Wellhead "Spot" Purchases - Request

Bob,

HPLC will be purchasing wellhead gas from the producers listed below for the production month of May, 2001.  This production will be purchased on a "spot" basis and deal tickets should be created and entered into sitara based on the following information:

Counterparty				Meter			Volume			Price
Apache Corporation			0435			1409mmbtu/d			100% IF/HSC less $0.10
Whiting Petroleum Corp			6523			113mmbtu/d			85% IF/HSC
El Paso Merchant Energy, LP		5923			622mmbtu/d			100% IF/HSC less $0.26
El Paso Merchant Energy, LP		5848			203mmbtu/d			   85% IF/HSC    		                                			     Swift Energy			2630			  21mmbtu/d			100% IF/HSC less $1.38
Duke Energy Trading & Marketing	6347			147mmbtu/d         		   85% IF/HSC
HESCO Gathering Oil Co.		6063			289mmbtu/d			   85% IF/HSC
Embassy Natural Gas Inc.		6598			     1mmbtu/d			   85% IF/HSC
Stone Energy				9696		                2745mmbtu/d			100% IF/HSC less $0.20
The Houston Exploration		9696		                3407mmbtu/d			100% IF/HSC less $0.20
Amerada Hess (Hess Energy Svcs)	0435		                1104mmbtu/d			100% IF/HSC  less $0.14
Crosstex Energy Services, Ltd.		0435			 656mmbtu/d			100% IF/HSC less $0.12
Tri-Union Development			0435			 149mmbtu/d			100% IF/HSC less $0.055
Ranger Oil Company			9871			200mmbtu/d			   85% IF/HSC if <300/d
												   90% IF/HSC if >300/d

These are Producer Svcs. deals and should be tracked in the IM Wellhead portfolio... attached to the gathering contract.

ADDITIONALLY, If at all possible, please do not confirm the Apache and Crosstex deals as we expect to receive term firm contracts in the very near future.

Thanks,

vlt
x3-6353


Cindy -- it seems to me we should use an HR distribution to get this out.
Let Mike and I know what you think.
----- Forwarded by Steven J Kean/NA/Enron on 12/12/2000 08:06 AM -----

	Michael Terraso
	12/11/2000 08:32 AM

		 To: Steven Kean
		 cc: Maureen McVicker
		 Subject: Ergonomics Notice

Steve,
 the attached is a one page summary safety notice to describe to management
the requirements of the OSHA ergonomics rule and our action plan to comply.
I need your advice on an internal distribution list for the notice.   Thanks,
Mike T.


M E M O R A N D U M

TO:     All New York Mercantile Exchange members

FROM: Neal Wolkoff, Executive Vice President

RE:        Exchange Board Approves Amendments to Price Limit Rules

DATE:   December 7, 2000

Notice # 00-418
===========================================================

The New York Mercantile Exchange, Inc., board of directors last night
approved expanding the initial price limits of its natural gas futures
contracts, creating uniform limits across all months of trading,
abbreviating the trading halt, expanding the new limits by 200 % when the
initial limit is reached.

The new natural gas limit would be $1.000 per million British thermal units.

The board amended the procedures for expanding the limits, so that if any
contract is traded, bid, or offered at the limit for five minutes, the market
is halted for 15 minutes.  When trading resumes, expanded limits are in place
that allow the price to fluctuate by $2.000 in either direction of the
previous day,s settlement price.

Currently, the market is halted for one hour if the price in one of the first
two months is traded at $.075 for five minutes.  When the market reopens,
those limits are extended to all months, but are moved to surround the
previous limit in place in the direction of the move.
Under the new rules, if a halt occurs during the last two days of trading in
a contract, when the market reopens, there are no price limits placed on
either of the first two nearby contract months.

These changes must be approved by the Commodity Futures Trading Commission
prior to implementation.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-418)"

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


Attached are the following documents regarding Enron Metals North America Voluntary Separation:

BU Head's Talking Points to the Business

Voluntary Separation Payment Calculation

Application for Voluntary Separation

Enron Metal Voluntary Separation Program Summary Description

If you have any questions, please contact me at 713-345-4674.


The quotes are accurate, but I did not say California does not have a supply
problem.

	Mark Schroeder@ECT
	03/19/2001 06:04 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Jackie Gentle/LON/ECT@ECT, Alex Parsons/EU/Enron@Enron
		 Subject: Press Clipping - Germany (Enron Mention)

Steve - FYI, and presumably they misquoted you on the problem (at least in
California) not being a function of indaequate capacity (it is one of the
root causes we have been pointing to over here, among others).   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 19/03/2001
12:07 ---------------------------

Katy Lomax
15/03/2001 16:31
To: Eva Hoeffelman/LON/ECT@ECT, Peter Styles/LON/ECT@ECT, Paul
Hennemeyer/LON/ECT@ECT, Viviana Florio/FRA/ECT@ECT, Bart Lyon/LON/ECT@ECT,
Peter Kreuzberg/FRA/ECT@ECT, Sven Becker/FRA/ECT@ECT, Michael
Schuh/FRA/ECT@ECT, Gregor Baumerich/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT,
John Oliver/LON/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Andrew
Green/LON/ECT@ECT, Meindert Witteveen/LON/ECT@ECT, rory_macrae@edelman.com,
Laura.Currie@edelman.com, Soenke Becker/EU/Enron@Enron, Eric
Shaw/LON/ECT@ECT, Helge-J_rgen Beil/FRA/ECT@ECT, Carsten Haack/FRA/ECT@ECT,
Mark Schroeder/LON/ECT@ECT, Barbara Thompson/FRA/ECT@ECT, Ann M
Schmidt/Corp/Enron@ENRON, Cindy Derecskey/Corp/Enron@Enron
cc:

Subject: Press Clipping - Germany (Enron Mention)

Please find attached the following article/s:

"Missing the goal" - Financial Times Deutschland

Kind Regards,
Katy Lomax


Sam:  I think you were going to speak with me about this one -

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


Congrats and say goodbye


I have attached a revised draft of the letter to Duke.  Please call me with
comments.


No Physical Power CPs on the list.
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 07/12/2000
09:09 AM ---------------------------

Leslie Hansen
07/11/2000 05:52 PM
To: Rhonda L Denton/HOU/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT
cc:
Subject: Mexican Counterparty - Approved and Declined

Rhonda:

Please take a look at the attached list and let Genia know if any of the
counterparties are current trading partners.  Genia, please take a look at
the list and see if any of the counterparties are FERC approved.  I didn't
even open the list, so I hope I haven't saddled you with a huge chore.

Leslie
----- Forwarded by Leslie Hansen/HOU/ECT on 07/11/2000 05:51 PM -----

	Tana Jones
	07/11/2000 05:43 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications
		 cc:
		 Subject: Mexican Counterparty - Approved and Declined

----- Forwarded by Tana Jones/HOU/ECT on 07/11/2000 05:43 PM -----

	Frank L Davis
	07/11/2000 10:12 AM

		 To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
		 cc: Leonardo Pacheco/Corp/Enron@Enron, Stephanie Sever/HOU/ECT@ECT
		 Subject: Mexican Counterparty - Approved and Declined

Attached below are the credit responses for the Mexican Counterparty List.
Please add your responses to the appropriate tab on the worksheet.  As we are
trying to "push" the launch in Mexico, please send your responses by Friday
7/14/00.

Thanks for your help!!!

Frank

---------------------- Forwarded by Frank L Davis/HOU/ECT on 07/11/2000 10:06
AM ---------------------------

From:  Tom Moran
07/11/2000 09:54 AM

To: Frank L Davis/HOU/ECT@ECT
cc: Bradley Diebner/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT
Subject: Mexican Counterparty - Approved and Declined


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 07/10/2000 06:37 PM -----

	Rod Nelson
	07/10/2000 10:30 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Deutsche Bank

No problem on the crib.  As for Mexico setoff, I am aware.  I was under the
impression that even setoff among common entities is questionable.  My
rationale is that we will almost certainly trade with any given cp through
one Enron entity or the other, and not both.  If I am wrong, we will manage
the process internally (i.e. cut the cp's credit line in half).

Rod

   Carol St Clair                07/10/2000 08:47 AM

To: Rod Nelson/HOU/ECT@ECT
cc:
Subject: Re: Deutsche Bank

Rod:
Thanks.  I expect to get a new draft of the Schedules from DB later today.
As for the crib, it is perfect and Bill and a friend managed to put it
together.  Thanks so much for lending it to us.  I'm hoping that we will have
a child to put in it within the next week.  As for Mexico, the issue there is
that they do not recognize setoff in bankruptcy so that if deals are done
with 2 different Enron counterparties we will not be able to setoff.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Rod Nelson
	07/10/2000 01:21 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Deutsche Bank

I will continue with this one, for as long as we can adapt to the time
difference.  I will approve the A/A2 minimum requirement.

Did Bill get the crib together?

Rod

   Carol St Clair                07/07/2000 10:12 AM

To: Rod Nelson/HOU/ECT@ECT
cc:
Subject: Deutsche Bank

Rod:
I don't know if you are still handling this.  We are close to getting this
finalized.  One credit comment from them that I need someone's thoughts on.
They want the Issuer of LC's to maintain a credit rating of A from S&P and A2
from Moody's.  We usually put A- and A3.  are you okay with this?  If I need
to run this by someone else please let me know.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Steve --

We did originally file that the replacement for the PX Credit should be the DJ Index.  My recollection is that we did withdraw this argument, however I've include Sue Mara on this to double check.  If we haven't, I'd guess that is no longer URM's position?

Jim

 -----Original Message-----
From: 	Swain, Steve
Sent:	Wednesday, October 10, 2001 4:54 PM
To:	Steffes, James D.
Subject:	CA question

I spoke with Mary Lynne today, and she said that once upon a time (after the PX expired) we filed something asking the CPUC to make the DJ index a substitute for the PX credit.  Does this ring a bell?  And the more important question -- did we ever withdraw that request?  Thanks.


Wednesday, April 25, 2001
------------------------------------------------------------

Oysters for All Tastes

1. Main Course: For Oysters, the Raw and the Cooked
2. Recipe of the Week: Spinach, Oyster and Chorizo Stew
3. Wine List: Chardonnay Finds Its Inner Finesse
4. Multimedia: The Name Game
5. NYC Restaurants: A Find, Once Found
6. Reader Discussion: How Do You Barbecue?

/----------------- Also From NYTimes.com ------------------\

Sign up for Stuart Elliott's IN ADVERTISING newsletter.

Now Stuart Elliott brings his expertise to IN ADVERTISING, a
weekly e-mail newsletter from NYTimes.com that takes a close
look at the people, campaigns and deals that are shaping the
industry. This must-read newsletter features a campaign
spotlight, WEBDENDA, and a roundup of the previous week's
advertising columns. Sign up now!

http://email.nytimes.com/email/email.jsp?0425wd
\----------------------------------------------------------/

1. Main Course: For Oysters, the Raw and the Cooked
===================================================

The iced-and-shucked variety of oysters will always have its
fans, but cooked oysters aren't just for the apprehensive
eater.
http://www.nytimes.com/2001/04/25/living/25OYST.html?0425wd

Pork Belly: Living Low on the Hog

Is it a meaty fat or a fatty meat? Either way, the tempting
pork belly shows true genius when it's cooked.
http://www.nytimes.com/2001/04/25/living/25BELL.html?0425wd

2. Recipe of the Week: Spinach, Oyster and Chorizo Stew
=======================================================

This rich, multifaceted stew is one example of what cooked
oysters can add to a dish.
http://www.nytimes.com/2001/04/25/living/253OREX.html?0425wd

-----

The Minimalist: Broiled Fish with Green Tea Salt

This Japanese preparation combines the smoky flavor of green
tea with an accent of salt.
http://www.nytimes.com/2001/04/25/living/25MINI.html?0425wd

3. Wine List: Chardonnay Finds Its Inner Finesse
================================================

Chardonnay is not only America's favorite white wine, it's
also become the whipping boy for wine lovers who see it as a
garish emblem of much that is wrong with wine today. But
quietly, some California wine producers have developed a
crisper, more lively Chardonnay, using an older style of
winemaking.
http://www.nytimes.com/2001/04/25/living/25CHAR.html?0425wd

-----

Wine Picks

Though these wines aren't known as Cult Classics yet,
they're the ones to watch for wine lovers seeking the next
big thing:

1998 Trey Marie Trutina Red Blend
$30 - A new producer from Washington State that will be on
the lips of wine collectors soon. Trutina is a red
Bordeaux-style blend that captures both finesse and power.
4 and 1/2 stars
http://www.winetoday.com/search97cgi/s97_cgi?Action=FilterSearch&SearchPage=re
sult_end.html&collection=WineTodayReviewsEnd&Filter=result_end_filter.hts&Resu
ltTemplate=result_end.hts&querytext=&wineid=19691&SUBMIT.x=28&SUBMIT.y=9

1998 Thunder Mountain Ciardella Vineyard Pinot Noir
$48 - This earthy, elegant, full-bodied Pinot Noir is a
masculine wine in touch with its feminine side.
4 stars
http://www.winetoday.com/search97cgi/s97_cgi?Action=FilterSearch&SearchPage=re
sult_end.html&collection=WineTodayReviewsEnd&Filter=result_end_filter.hts&Resu
ltTemplate=result_end.hts&querytext=&wineid=20256&SUBMIT.x=28&SUBMIT.y=9

1999 Miner Oakville Ranch Chardonnay
$35 - Combines depth and ripe fruit with touches of vibrant
acidity. Because it's so balanced, this is an ideal
Chardonnay to pair with food.
4 stars
http://www.winetoday.com/search97cgi/s97_cgi?Action=FilterSearch&SearchPage=re
sult_end.html&collection=WineTodayReviewsEnd&Filter=result_end_filter.hts&Resu
ltTemplate=result_end.hts&querytext=&wineid=19950&SUBMIT.x=28&SUBMIT.y=9

4. Multimedia: Video - The Name Game
====================================

Learn to match grape varieties and their regions.
http://208.48.26.64/eveningmagazine/09_05_00_emag.html

5. NYC Restaurants: A Find, Once Found
======================================

Virot's namesake chef, Didier Virot, is inventive, with an
antic streak. He takes risks. Some of them don't pay off.
But diners will not leave Virot feeling that they've had an
ordinary meal. (Two stars.)
http://www.nytimes.com/2001/04/25/living/25REST.html?0425wd

Take a Video Tour of Virot
http://www.nytimes.com/library/dining/042501virot-video.ram?0425wd

-----

$25 and Under: One More Would Make a Crowd

The intimate dining room at 26 Seats is just manageable, but
the French country offerings are both satisfying and a good
value.
http://www.nytimes.com/2001/04/25/living/25UNDE.html?0425wd
Find a Restaurant
http://nytoday.com/RestaurantAdvanced.html?0425wd

-----

Bar of the Week: Union Pool

Specialty drinks are the draw at this former pool-supply
store in Brooklyn full of Williamsburg charm.
http://nytoday.com/search/bin/bar?st=bar&bid=987428629916?0425wd

Find a Bar
http://www.nytoday.com/search/bin/bar?st=cat_nei&cat=NYToday%20Pick&nei=Manhat
tan?0425wd

6. Readers' Opinions: How Do You Barbecue?
==========================================

From barbecuing chicken to aerating wine, readers share
their insights and answer fellow readers' questions.

Q. How do you barbecue chicken so that it is cooked all the
way through and nicely blackened on the outside? -- kevin
cooney

A. The key to well-barbecued chicken is to manage your
heat...

Read the responses to this question and many others in:
Food and Wine Tips From Readers
http://www.nytimes.com/2001/04/24/living/24KNOW.html?0425wd

I hope you've enjoyed this email. Bon appetit!

Dan Saltzstein
Producer, Dining
New York Times Digital
daniel@nytimes.com

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Please let me know whether these deals have the wrong energy type.  They all
have np-15 or sp-15 delivery points.
Thank you!
Kim


Thanx

I guess the question is whether the cost of pending lawsuits is priced into
the stock?

I see an RJR Nabisco deal here. Break off Miller and Kraft and let the death
merchant division die slowly.

Chris


Kristina:
I will take a look at this shortly.  I am only handling the EPMI consent.  I
forwarded your message to Susan Bailey in the swaps group.  Her number is
713-853-4737.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	"Drew, Kristina" <DrewK@merchantenergy.com>
	06/07/2001 10:04 AM

		 To: "'carol.st.clair@enron.com'" <carol.st.clair@enron.com>
		 cc: "'Rhonda.L.Denton@enron.com'" <Rhonda.L.Denton@enron.com>, "Abba Gana,
Mustapha" <AbbaGanaM@merchantenergy.com>
		 Subject: RE: MEGA Assignment

Carol,

For your review, I've attached the adjustments our legal department is
proposing to the Consent to Assignment since receiving your red-lined
version from Rhonda Denton.  As to the transfer effective date, since we are
now into June, we would expect the transfer date to be as of July 1st.
Please let me know as soon as possible your comments on MEGA's most recent
proposed Consent to Assignment (attached below).

 <<MEGA  Assignment Consent Agreement  Version 2 RED_.doc>>

Thanks,

Kristina M. Drew
Contract Administrator
Merchant Energy Group of the Americas, Inc.
410.295.1708

> -----Original Message-----
> From: Rhonda.L.Denton@enron.com [SMTP:Rhonda.L.Denton@enron.com]
> Sent: Wednesday, June 06, 2001 3:24 PM
> To: DrewK@merchantenergy.com
> Cc: Carol.St.Clair@enron.com; Wendy.Conwell@enron.com
> Subject: Re: MEGA Assignment
>
> Kristina, here are the proposed changes to the Assignment Consent
> Agreement.  Our attorney is Carol St. Clair .  Please respond to her (and
> copy me if via email) with your response to the proposed changes.  She
> indicated that we are negotiating an amendment to our master with Morgan
> in
> order to accommodate this assignment so we will not be executing the
> Assignment Consent Agreement until Enron and Morgan sign the amendment to
> our Master with them.   We need to know from MEGA and Morgan what the
> transfer effective date is that establishes the cutoff date for these
> trades as between ourselves and each of Morgan and MEGA.  She indicated
> that her revised draft of the Consent makes it clearer how this cutoff
> date
> works.  Carol's contact information is below.
>
> Carol St. Clair
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
> carol.st.clair@enron.com
>
> (See attached file: MEGA  Assignment Consent Agreement  Version 2.doc)(See
> attached file: MEGA  Assignment Consent Agreement  Version 2 RED.doc)
>
>  << File: MEGA  Assignment Consent Agreement  Version 2.doc >>  << File:
> MEGA  Assignment Consent Agreement  Version 2 RED.doc >>

 - MEGA  Assignment Consent Agreement  Version 2 RED_.doc


can't be today.  maybe later this week.

 -----Original Message-----
From: 	Gros, Thomas D.
Sent:	Tuesday, June 26, 2001 11:09 AM
To:	Whalley, Greg
Subject:	Can I buy you a beer?

I'd like to buy you a beer at Keneally's if you have a chance...


Dear Mr. Dasovich:

I am looking for a position in the Bay area as my wife will begin teaching at the Goldman School of Public Policy in January.  Cecille Cabacungan from GSPP suggested that I contact you.

Currently, I am with Mercer Management Consulting, a strategy consulting firm.  While I enjoy my work with Mercer, the timing of transfers to our San Francisco office is uncertain.  Mercer, however, has two programs through which I could move to the Bay area.

The first is an externship program through which I could consult to a company for 6 - 12 months, or longer.  As my attached resume reflects, I have several years of experience developing business plans and assessing market conditions.

The second is a fellowship program through which I could consult to a non-profit organization for up to 12 months at a small fraction of Mercer's standard fees.  I am particularly interested in organizations that work on economic development issues, but would be happy to help a range of organizations develop and implement their long-term strategic goals.  Specific types of work I could perform include:

*	Assessing market size and growth opportunities, e.g., utility/profitability of new services or products
*	Managing co-operative efforts with other institutions, e.g., pooling resources to increase leverage and efficiency of operations
*	Benchmarking and redistributing resources to focus on highest impact areas

I would like to learn whether you think Enron could benefit from my services or know of a corporation or non-profit that could.  I am arranging interviews for the first week of December, and would greatly appreciate talking to you before then to hear of any suggestions you may have.  I look forward to hearing from you, and thank you in advance for your assistance.

Sincerely,

Angelo Del Priore

 <<Mercer 914.doc>>


please call me
 -----Original Message-----
From: 	Slaughter, Jeff G.
Sent:	Friday, August 03, 2001 11:54 AM
To:	Miller, Stephanie
Subject:	Fuel Supply Agreement

Stephanie,

See attached:
	-I checked the spelling and changed the words miss-spelled
	-In para (2) deleted reference to "in ____." Per discussion with William Fleenor if the agreement is not specific to the Longview 	plant, we should have no accounting issues.
	-Added in para 16 that "ENA may disclose to it's affiliates and to"

Please let me know and will forward to Dominic. He is out today and will actually see this on Monday but want it there this week for them.

Thanks

Jeff


I'll call you as soon as I finish talking to Dick
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 10/06/99
09:05 AM ---------------------------

	From:  Richard Ingersoll                           10/06/99 12:13 AM

To: James B Fallon/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
Richard Shapiro/HOU/EES@EES
cc:
Subject: TVA/Enron Control Area Scheduling Agreement

Note they backed off on not lettting us be a sink but again changed the
language relating to the 20 min.  They assure us verbally that they intend to
honor the twenty minutes whenever possible.  This could possibly be addressed
in a cover letter so that if it is abused we can open up the agreement
again.  A copy of the cover letter would goto NERC and SERC.  They also
refuse to let us aggreate schedules.  The IDC language was taken out but
replaced with language eliminating any impact on commercial arrangement.
Again, even though a cover letter may not be an official part of an agreement
I believe, if we reach any agreement we should explain our expectations where
they are not clearly defined in the agreement in a cover letter to SERC and
NERC.
---------------------- Forwarded by Richard Ingersoll/HOU/ECT on 10/06/99
12:00 AM ---------------------------

"Whitley, Stephen G." <sgwhitley@tva.gov> on 10/05/99 04:46:11 PM
To: "Satterfield, Gail B." <gbsatterfield@tva.gov>, "'jmaughn@serc1.org'"
<jmaughn@serc1.org>, Richard Ingersoll/HOU/ECT@ECT
cc: "Boston, W. Terry" <wtboston@tva.gov>, "McCay, John A."
<jamccay@tva.gov>, "Katine, Sanford D." <sdkatine@tva.gov>, "Whiting, G. Luke
Jr." <glwhitin@tva.gov>, "Lundin, Bill W." <lwlundin@tva.gov>, "Lawson,
Patricia S." <pslawson@tva.gov>
Subject: TVA/Enron Control Area Scheduling Agreement

Dick/Jim
Here is an agreement that we can accept if SERC and Enron approves.  It is
my belief that it is consistent with the agreement reached in SERC/Atlanta
last week.  We have tried to accomodate Enron's concerns related to
"non-binding" and "for IDC purposes only" in the lead-in paragraph.  We do
not think it is appropriate to address Gleason at this time -- we should get
some operating experience with the present sites and see where the CATF is
going.  Gleason will not be operational until next year.
Thanks

 <<03670328>>
Gail -- please the FAX agreement and e-mail to Terry at his hotel

 - 03670328.doc


Susan/Dale -

Based on our meeting this morning, attached are a draft and clean version of
the Password Application.  I have made the additions and changes we discussed.

Please review and give me your thoughts.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


--- "Jack Blanton, Jr." <jblantonjr@yahoo.com> wrote:
> Date: Wed, 28 Feb 2001 13:09:16 -0800 (PST)
> From: "Jack Blanton, Jr." <jblantonjr@yahoo.com>
> Subject: MGMT 656
> To: vince.j.kaminski@enron.com
>
> Dear Proffesor Kaminski
>     I wish to audit the Energy Derivatives class
> which
> you are teaching on Thursday nights.  I am currently
> a
> second year student in the EMBA program and am
> Chairman of Nicklos Drilling Company.  Nicklos
> Drilling currently operates three land rigs along
> the
> Texas Gulf Coast and is constucting a fourth.  I
> have
> received permision from the EMBA program to audit
> the
> class and the only conditions would be your
> permission
> and space avalability.
>    Thank you for your consideration,
> Jack S. Blanton, Jr.
> jblantonjr@yahoo.com
> 713-222-0191
>
> __________________________________________________
> Do You Yahoo!?
> Get email at your own domain with Yahoo! Mail.
> http://personal.mail.yahoo.com/
>

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/


Please find attached our Weekly Report (8th December 2000) for your perusal
and information.

Regards,

Beverley