On your workstation, shut CQG down...
Find the Hard Drive Letter where CQG was installed such as C or D...
Go there using either My Computer or Explorer...
Find the CQG Folder and open it up...
Find the 5x265 folder and open it up...
Find the Private folder...
Within the Private folder are several sub folders (Log, Page and Temp)...
Delete the Temp folder by RIGHT Clicking on it and then LEFT Clicking on
Delete.
Restart CQG and you should be able to see the prices you've been missing.

Regarding the 5x265 update to 5x270 messages:  This is due to our running
different Client(5x265)  and Server(5x270) versions at Enron at this time.
I have already submitted a fix for this and it will be taken care of as soon
as the Enron Servers are restarted - which will be done tonight I hope.
We will be upgrading both Server and Client versions within the next couple
of weeks.

Please contact me if you have any questions or if there's anything else I
can do, etc...  Thanks.

M. Scott Knowles
Customer Support
CQG, Denver
720-904-2975


Frank,

I looked at your resume. There is no good fit with my group.
I have forwarded your resume to 2 different units of Enron
(Enron Industrial Markets) and Enron Networks. They may be interested in your skills.

Vince Kaminski

 -----Original Message-----
From: 	"Frank Bogaert" <frankb@cityscope.net>@ENRON [mailto:IMCEANOTES-+22Frank+20Bogaert+22+20+3Cfrankb+40cityscope+2Enet+3E+40ENRON@ENRON.com]
Sent:	Monday, August 06, 2001 2:20 PM
To:	vkamins@enron.com
Subject:	Today's Conversation

Vince:

It was a pleasure talking with you a few moments  ago.  As discussed, please find attached my resume in Word.  For your  convenience, I also copied a plain text version at the bottom of this  e-mail.

I would appreciate the opportunity to briefly visit  with you at your convenience to learn more about the energy industry and  where I should further seek to identify opportunities.

The easiest way to reach me is at 281-531-7990 or  by return e-mail.

Thank you!

Frank Bogaert

FRANK M. BOGAERT
14423 Twisted Oak  Lane
Houston, Texas 77079
281-531-7990frankb@cityscope.net << File: mailto:frankb@cityscope.net >>

SUMMARY

Business Analysis Manager
* Quantitative  analysis and modeling of business economics
* Strategic implications and  opportunities
* Hands-on team leader

ACCOMPLISHMENTS

Industry Structure and Forecasting
* Developed a  quantitative model predicting long-term natural
  gas prices for a major  oil company, and later for the
  consulting firm's marketing  efforts.  In the early nineties,
  model correctly predicted price  increases to oil parity by
  around the year 2000.
* Documented the  changing structure of the office furniture
  industry.  Formulated  strategy to regain profitable growth.

Financial and Operational Modeling of Asset  Deployment Decisions
* Based on the interaction of logistics and  manufacturing
  economics and market research, developed business  strategy
  for a leading insulation manufacturer.  Early results  allowed
  maintaining both price and volume in the down cycle of
  commodity market.
* Validated strategy of leading  automotive aftermarket
  manufacturer based on distribution  economics.  Validated
  economic model with top  management.

Supply Chain Improvement
* Led the inventory  management function through the integration
  of a major automotive  aftermarket distributor acquisition,
  involving consolidation of two  warehouse networks and multiple
  line changeovers.  Reduced  inventories by $30 million while
  improving fill rates.
* Led the  inventory management function in the improvement of
  shipping  performance, resulting in an additional profit of
  $5 million per  year.
* Improved the integration of suppliers and other functions  in
  the overall supply chain.

Process Redesign
* Led client teams through the  fundamental redesign of financial
  processes, typically identifying  cost reduction opportunities
  of 20% to 50%.
* Implemented variety  of business processes and controls:
  production scheduling, financial  and cost accounting, sales
  and pricing policies, project  documentation.

WORK HISTORY

PROFESSIONAL SIGNWORX, Houston,  Texas 1997-2001
A manufacturer and erector of custom  signage
President

APS, Houston, Texas 1996-1997
A major  automotive aftermarket distributor
Senior Director of Supply Chain  Management

FEDERAL-MOGUL, Southfield,  Michigan 1993-1995
A global automotive parts company
Director of  Logistics

THE HACKETT GROUP, Hudson, Ohio 1992-1993
A  process re-engineering consulting firm
Senior Consultant

BOOZ-ALLEN & HAMILTON, Cleveland,  Ohio 1985-1992
A global management consulting firm
Associate, Senior  Associate, Principal

CEGI-TYMSHARE, Paris, France 1980-1982
The  French subsidiary of a US time sharing computer company
Applications Software  Engineer

MILITARY

Belgian Army, First Grenadiers Regiment, Soest,  Germany,
Second Lieutenant, 1982-1983.

EDUCATION

MSIA (MBA), Carnegie-Mellon University, Pittsburgh,
Pennsylvania, 1985

MS-Engineering Degree in Computer Science,  Katholieke
Universiteit Leuven, Leuven, Belgium, 1980

Languages:  English, Dutch, and  French.

 - FMBRF.doc << File: FMBRF.doc >>


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
BROWN, WILLIAM W                LOUISE KITCHEN                  Nov 02, 2000
BRUCE, DANIEL                   PHILIPPE A BIBI                 Nov 10, 2000
DETMERING, TIMOTHY J            JEFFREY M DONAHUE JR            Oct 31, 2000
DOSHIER, RAYMOND W              KEVIN P HANNON                  Nov 13, 2000
FITZGERALD, JAY L               LOUISE KITCHEN                  Nov 13, 2000
GARNER, BRUCE                   LOUISE KITCHEN                  Oct 27, 2000
GROS, THOMAS D                  LOUISE KITCHEN                  Nov 13, 2000
MCMAHON, JEFFREY                MARK A FREVERT                  Oct 31, 2000
PIPER, GREGORY F                GREGORY F PIPER                 Nov 14, 2000
ZIPPER, ANDREW A                LOUISE KITCHEN                  Nov 13, 2000


Upon becoming a NEPOOL member, EESI chose to satisfy the Financial Assurance Policy requirement by
issuance of Performance Bond(s) via Fireman's Fund Insurance Company, which issued a Performance Bond
in the amount of $8,000,000.

On or about October 12, 2001, EESI received a letter from ISO New England dated October 10, 2001, indicating
that EESI's current Performance Bond was insufficient and that EESI needed to increase the amount to
$11,703,018.75 to cover EESI's current activity level.

In telephone conversations with ISO-NE, EESI was informed that in order to avoid Financial Assurance Default
the matter needed to be resolved within ten (10) days of the date of the October 10, 2001 letter (October 19, 2001).

By October 16, EESI had requested a bond increase in the EESI NEPOOL Performance Bond to $20,000,000,
but encountered delays in working with the bond company.

EESI Credit Department personnel sent ISO-NE personnel on October 19, 2001, via FAX, a copy of the request
to the bond company for revisions to the Performance Bond, and indicated EESI was working diligently to resolve
the matter.

Following resolution of delays with the bond company, a bond increase was issued by the bond company on
October 23, 2001, executed by EESI on October 23, 2001 and forwarded via FAX and Overnight Mail to ISO-NE
on October 23, 2001.

EESI was unable to comply with the October 19, 2001 deadline to resolve the Financial Assurance Default due
to delays with the bond company as mentioned above.

On October 19, 2001 another letter was sent to EESI by NEPOOL indicating that EESI had not maintained the
required level of financial assurance for 10 days or more and that this information was being forwarded to the
NEPOOL Membership Subcommittee for action.

However, according to Protocol for the Initiation of Membership Termination Proceedings the issue should be
resolved with the receipt on October 24, 2001 of the Performance Bond by ISO-NE.


Guys, attached you will find a preliminary agenda for the 2000 ENA Offsite.
As leaders of the organization, you have been invited to participate in a two
day offsite where business 2001 objectives and strategies for ENA will be
discussed.  It is scheduled to occur December 14th and 15th at the Venetian
in Las Vegas.

This is the forum to ensure that your point of view and ideas can be heard
and incorporated into our plans and iniatives as such I would encourage
everyone to attend and to stay for the entire period.  In particular, we
would like everyone to stay over Friday night and leave Saturday morning.

ENA public relations (Dorie) will manage all the logistics including air fare.

Final invitations, details and agenda will follow shortly.

Regards
Dave and John


Dear Larry F. Campbell,

Thank you for participating in the http://www.sportingbetusa.com daily contest
Please find your entries below, keep this email for your records.

Your Contest Entry for 10.10.2001
---------------------------

Your Questions and Answers:
Question 1.   What will be the Total Strikeouts By Roger Clemens?
Your Answer:  9_or_10

Question 2.   Which of the Following Players Will Record The Most Hits & Runs?
Your Answer:  Jason_Giambi

Question 3.   What Will The Total Runs By The Yankees?
Your Answer:  4_or_5

Question 4.   Which of the Following Players Will Record The Most Points?( Goals and Assists )
Your Answer:  Eric_Lindros

Tiebreaker.   Pick The Total Pitches Thrown By Mark Mulder
Your Answer:  85

We wish you the best of luck with your entry.
If you have any questions or concern, please don't hesitate
to email us at contest@sportingbetusa.com.
Please note, once picked these choices are final,
they may not be changed.


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 06:33
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/07/2000 06:26 AM

To: undisclosed-recipients:;
cc:
Subject: DJ Nymex Natural Gas Futures Seen Opening 75C-80C Higher Traders
Calling 'Foul'

14:15 GMT 7 December 2000 *DJ Nymex Natural Gas Futures Seen Opening 75C-80C
Higher
(MORE) Dow Jones Newswires 07-12-00
1415GMT
Traders Calling 'Foul'
HOUSTON (Dow Jones)--The New York Mercantile Exchange natural gas futures
contracts are expected to open 75 cents to 80 cents higher again Thursday in
a march toward $10 per million British thermal units gas prices, traders
said.
ACCESS trading again pushed the numbers, with January gas trading in a wide
$8.61-$9.539/MMBtu range, with the last deal done at $9.95/MMBtu, $1.465
higher than Wednesday's already record $8.485/MMBtu settlement.
"This market resembles a clasic bull blow-off market," said Charlie Sanchez
of Gelber Associates in Houston.
Over-the-counter market was trading early Thursday at $9.28-$9.34/MMBtu,
with physical gas at the Henry Hub seen at $9.35-$9.43/MMBtu, traders said,
compared with Wednesday's closing range of $8.53-$9.30.
Traders see options at $9.00/MMBtu, with 8,200 positions and another 4,600
holding option calls at $10/MMBtu.
Swing swap physical trade has topped $10/MMBtu, a trader said.
"Trees don't grow to the sky," an East Coast trader said early Thursday.
"Not even manipulated ones."
"I've worked in gold markets and in potatoes," a trader said. "I know a
manipulated market when I see one."
Forecasters are predicting colder weather through December, a trader said,
but several traders have come down hard in complaints about the volatility
of a market jerked skyward in late night, low-volume ACCESS trading.
Support remains at $8.10 and $7.43, with resistance at $10 and $11.10,
traders said.
-By John Edmiston, Dow Jones Newswires, 713-547-9209;
john.edmiston@dowjones.com
(END) Dow Jones Newswires 07-12-00
1421GMT

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


287933 shows Sempra Energy Trading as the counterparty......?

Evelyn Metoyer@ENRON
01/12/2001 09:24 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 287933

Please ch name to TransCanada Power, A Division of TransCanada Energy,
instead of TransCanada Power Marketing

Thanks


We have received an executed Amendment Agreement dated October 9, 2001 to the ISDA Master Agreement between Enron North America Corp. ("ENA") and Royal Bank of Canada ("RBC") dated as of February 15, 1995.  This Amendment revises (1) certain definitions in the Credit Support Annex and (2) the notification information for ENA and RBC.

Copies will be distributed

Samantha M. Boyd
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803
Houston, Texas 77002
Ph:  (713) 853-9188
Fax:  (713) 646-3490


You have been invited to a  meeting RE: Profile Manager

Date:                                          10/31/00

Time                                           11:00

Location                                      EB 2601


FYI. All articles that I have sent out regarding the California Power Issue
and national electric deregulation issues are available on the home.enron.com
website or at this link
http://nahou-lnapp01.corp.enron.com/Public_Affairs/CalDereg.nsf/MainHome?OpenF
rameSet . There are also other electric deregulation news articles and some
statements from EPSA on this site that I have not sent out. Please feel free
to check out the site. Currently, we have had close to 2,000 hits on the
site. A new section has been added to the website called Enron Talking Points
and Speeches. This site has not been populated, but as soon as there are
internal documents/speeches/talking points that are available for public
viewing I will place them on the site.

Thanks,

Gavin


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 01/31/2001 03:55
PM ---------------------------

Anne Bike@ENRON
01/31/2001 12:47 PM
To: Phillip K Allen/HOU/ECT@ECT, prices@intelligencepress.com, lkuch@mh.com,
SSPEAKER@ENERGYINTEL.COM, Phillip K Allen/HOU/ECT@ECT, Mike
Grigsby/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT
cc:
Subject: Enron's February Baseload Fixed Price Physical Transactions as of
01/30/01


No thoughts on Skilling's speech.  He just needs to emphasize we are a great
productive entrepreneurial company.  Any we're are largest energy trading and
risk management house in the world.  It would be ok if he mentioned that I am
a Wharton '89 undergrad and run a large part of our trading group.  Students
like to see where successful wharton alum are in the world.  (By the way, I'm
the lead for wharton grad and wharton/penn undergrad).  This speech he is
giving is a great opportunity for us to recruit...

On another note, I have an idea for you.  Get on my calendar for early part
of week after next  (I'm going to the Japan office opening, then to sydney
and will be in the office nov. 6)  Keep a low profile on the xcelerator for a
week.

Later,

Jeff

Alhamd Alkhayat @ ENRON   10/27/2000 03:56 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: hey

jeff,
greatly enjoyed our conversations today, and looking forward to more, and for
us to tackle some interesting opportunities.
i forgot to mention that i am handling skilling's wharton speech, and
attending with him, and i found out you were the one that started all this.
do you have thoughts or comments about this event (nov 2)?
great weekend
cheers'
hamd

Alhamd Alkhayat
+1(713)853-0315


Charles Schwab <http://schwab.ed4.net/htdocs/images/EMSchwabWhiMed.gif>

	Dear Valued Client,
The recent tragic events have left us all with many questions. I wanted to take a moment to share with you my thoughts on the events on Tuesday and their impact on the future. Through this all, we will keep the victims and the families affected by this tragedy in our prayers. 	  <http://schwab.ed4.net/htdocs/images/88x103_Chuck.gif>
As the situation around the world unfolds, we will continue to keep you apprised of the actions we are taking to make sure that your interest as our valued client remains uppermost in our minds. Schwab.com <http://schwab.ed10.net/ud/BIM9/5ACA/WB13/50/D43D6H> will be updated regularly as news and information changes.

A video from Charles R. Schwab <http://schwab.ed10.net/ud/PTRG/ED4M/BW72/E4/D43D6H>
Frequently Asked Questions <http://schwab.ed10.net/ud/PTRG/GIKX/BW72/LE/D43D6H>
Personal letter from Charles Schwab, founder <http://schwab.ed10.net/ud/PTRG/RUNN/BW72/RF/D43D6H>

We stand ready to serve you and conduct business as normal, providing the market wisdom and support you need most. We are working closely with the stock markets, federal government, regulators and other members of the financial services community to ensure America's financial markets return to normal.

I continue to believe a long-term approach is the wisest course of action, although I do recognize that some short-term volatility will likely occur when markets reopen. Please consider this in placing orders prior to market reopen.
My advice to you is the same investment advice I have offered clients for over 40 years: invest for the long term and maintain a diversified portfolio--and stay calm during the rough times.
We know that each individual's situation is unique. I encourage you to explore our web site, visit a Schwab office, or call us at 1-800-435-4000 with any questions. We stand ready to assist you with all of your financial services needs during these challenging times.

Thank You,

  <http://schwab.ed4.net/htdocs/images/Chuck%20Sig.gif>

	Charles R. Schwab

  _____

For your protection, we are unable to accept instructions to change your email address sent in reply to this message. To update your address <http://schwab.ed10.net/ud/PTRG/NFSJ/BW72/N9/D43D6H>, please log in to your account.. From there you will be able to update your email information securely.

We respect your privacy. To minimize your receipt of duplicate information and for internal recordkeeping purposes, Schwab may track responses, if any, to this offer. Read more about Schwab's privacy policy <http://schwab.ed10.net/ud/PTRG/LJQS/BW72/7V/D43D6H>.

Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel.

?2001 Charles Schwab & Co., Inc. All rights reserved. Member SIPC/NYSE.

  <http://od.ed10.net/od/PTRG/BW72/D43D6H>


talking today

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Monday, March 18, 2002 9:22 AM
To:	Parks, Joe
Subject:	RE:

Just finish Centana and then we can work on the next thing.  By the way, any word from your buddy at Duke?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Monday, March 18, 2002 9:19 AM
To:	Zisman, Stuart
Subject:	RE:

Sure would like to be able to sell that inventory.

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Monday, March 18, 2002 9:17 AM
To:	Parks, Joe
Subject:	RE:

Nothing has changed.  We are still trying to figure our some way to sell this short/long term.  In fact, I have requested permission to show these documents to potentially interested third parties and haven't heard back from ChevTex.

Stuart

 -----Original Message-----
From: 	Parks, Joe
Sent:	Monday, March 18, 2002 9:03 AM
To:	Zisman, Stuart
Subject:

What's the status of the Bridgeline Transportation and Storage?


Last week you received the email announcing Enron's executive solicitation.
The process for donating is very easy by simply clicking on the United Way
link.  I did it myself!  Please make your donation this week and thank you to
those that have already pledged.

The Enron kick-off is next Wed and I ask you to encourage your groups to give
to this worthy cause.

Thanks.

Reminder - United Way Breakfast

Please RSVP if you have not already done so.

Date:  Thursday, August 3, 2000 (hosted by Joe Sutton)
   or
  Friday, August 4, 2000 (hosted by Jeff Skilling)
Time:  7:45-9:00 a.m.
Location: DePelchin Children,s Center
  100 Sandman (near Memorial and Shepherd intersection)
RSVP:  Reply directly to this email or call Jessica Nunez, 853-1918 by
Monday, July 31

Transportation:    Bus will depart from the Enron Building (Andrews Street
side) promptly at 7:30 a.m.  Bus transportation is encouraged, due to limited
onsite parking. However, if you should need to drive, directions to DePelchin
are below.

EXECUTIVE SOLICITATION

Executive Solicitation kicked-off on July 24 and is well underway. As you
know, participation by Enron,s executive team is vital to the success of the
campaign.  To make your contribution, please click on the United Way link,
http://unitedway.enron.com or go directly to Internet Explorer or Netscape
and type in http://unitedway.enron.com in the address field.  Either option
should take you to Enron,s United Way 2000 Campaign site where you should be
able to make your pledge within minutes.  Please call Kathy Mayfield, Enron,s
Campaign Coordinator at 713/853-3264 if you have difficulties at all
accessing the site.

We look forward to seeing you next week!

Directions to DePelchin Children,s Center ) 100 Sandman (713-861-8136)

From Downtown Houston
? Take Prairie (which turns into Memorial) or Allen Parkway WEST to Shepherd.
? Turn RIGHT on Shepherd.
? Turn LEFT on Feagan (which is the first light after Memorial.)
? Turn LEFT on Sandman and drive down a couple of blocks.

From the Galleria Area
? Take 610 North to the Woodway/Memorial Exit. Exit and turn RIGHT on Woodway.
? Woodway will turn into Memorial and stay on Memorial until you see the
Shepherd exit.
? Exit Shepherd and turn LEFT on Shepherd.
? Turn LEFT on Feagan (which is the first light after Memorial.)
? Turn LEFT on Sandman and drive down a couple of blocks.

From North of Downtown
? Take 45 or 59 SOUTH to I-10.  Go WEST on I-10.
? Take the Shepherd/Durham exit and go through the Shepherd intersection to
Durham.  Go SOUTH or LEFT under the freeway on Durham.
? Turn RIGHT on Feagan (which will be a light.)
? Turn LEFT on Sandman and drive down a couple of blocks.


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 10, 2000 5:00pm through November 13, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER:
Impact:  EDI
Time:  Sat 11/11/2000 at  11:00:00 PM CT thru Sun 11/12/2000 at  1:00:00 AM CT
 Sat 11/11/2000 at    9:00:00 PM PT thru Sat 11/11/2000 at 11:00:00 PM PT
 Sun 11/12/2000 at   5:00:00AM London thru Sun 11/12/2000 at 7:00:00 AM London
Outage:  EDI HUB DISK VOLUME INCREASE
Environments Impacted:  Corporate
Purpose: Continued EDI volume increases require the addition of more disk
space for EDI operations.
Backout: Utilize current configuration w/o new HACMP configuration
Contact(s):  Jack Metkus
  Jim Nelson  3-7799  713-327-2007
  Karen O'Grady  5-7149  713-327-4805
  Jack Metkus  3-0362  713-288-0743
EI:
Impact:  EI
Time:  Sat 11/11/2000 at  8:00:00 PM CT thru Sat 11/11/2000 at  10:00:00 PM CT
 Sat 11/11/2000 at  6:00:00 PM PT  thru Sat 11/11/2000 at   8:00:00 PM PT
 Sun 11/12/2000 at  2:00:00 AM London thru Sun 11/12/2000 at  4:00:00 AM
London
Outage:  EI Load Balancing
Environments Impacted:  El
Purpose: to stabilize the EI environment
Backout: back to 5000's
Contact(s):  Steve Hardy  713-853-9294  713-415-0672

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  ENE Internet
Time:  Sat 11/11/2000 at  11:00:00 PM CT thru Sun 11/12/2000 at  12:00:00 AM
CT
 Sat 11/11/2000 at    9:00:00 PM PT thru Sat 11/11/2000 at  10:00:00 PM PT
 Sun 11/12/2000 at   5:00:00 AM London thru Sun 11/12/2000 at   6:00:00 AM
London
Outage:  reboot ene net devices
Environments Impacted:  Internet
Purpose: regular reboot to prevent such problems as memory corruption
Backout:
Contact(s):  Bryan Aubuchon 713-345-8446

LOTUS NOTES: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  CSC
Time:  Fri 11/10/2000 at  5:00:00 PM CT thru Fri 11/10/2000 at  6:00:00 PM CT
 Fri 11/10/2000 at  3:00:00 PM PT thru Fri 11/10/2000 at  4:00:00 PM PT
 Fri 11/10/2000 at  11:00:00 PM London thru Sat 11/11/2000 at  12:00:00 AM
London
Outage:  Initial "hardening" of cscfw1
Environments Impacted:  CSC
Purpose: To maintain a secure and efficient configuration
Backout: Apply old configuration
Contact(s):  Jon Werner  713-853-6742

Impact:  TDS
Time:  Sat 11/11/2000 at  12:30:00 PM CT thru Sat 11/11/2000 at  5:30:00 PM CT
 Sat 11/11/2000 at  10:30:00 AM PT thru Sat 11/11/2000 at  3:30:00 PM PT
 Sat 11/11/2000 at    6:30:00 PM London thru Sat 11/11/2000 at  11:30:00 PM
London
Outage:  TDSPROD Upgrade from 7.3.4 to 8i
Environments Impacted:  OASIS, Cooper, PDS
Purpose: In order to utilize new features available in Oracle 8i.
Backout: If the upgrade fails, then a full databse refresh from the most
recent backup will be performed.
Contact(s):  Neil Leininger  713-345-3518

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:
Impact:  EIS
Time:  Fri 11/10/2000 at  11:00:00 PM CT thru Sat 11/11/2000 at  1:00:00 AM CT
 Fri 11/10/2000 at    9:00:00 PM PT thru  Fri 11/11/2000 at  11:00:00 PM PT
 Sat 11/11/2000 at  5:00:00 AM London thru Sat 11/11/2000 at  7:00 AM London
Outage:  Scheduled CMS & Conversant Attended Backup and Intuity Audix reboot.
Environments Impacted:
Purpose: Monthly maintenance
Backout: rebooting system only, no back out  plan.
Contact(s):  Epimenio Rojas  713-345-8372

Impact:  EIS
Time:  Fri 11/10/2000 at  11:00:00 PM CT thru Sat 11/11/2000 at  1:30:00 AM CT
 Fri 11/10/2000 at    9:00:00 PM PT thru Fri 11/10/2000 at  11:30:00 PM PT
 Sat 11/11/2000 at    5:00:00 AM London thru Sat 11/11/2000 at  7:30:00 AM
London
Outage:  Quarterly Maintenance - Telephone Ancillary Equipment
Environments Impacted:  All
Purpose: Quarterly Maintenance
Backout: none
Contact(s):  Cynthia Siniard  713-853-0558

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


i'm just kidding.  i'm getting a haircut from 530-600.  i'll call you when i
get out.

From: Kim Ward/ENRON@enronXgate on 05/08/2001 04:49 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

I guess that's fair - considering the deal you worked out with Dean.

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 4:48 PM
To: Ward, Kim S.
Subject: RE:

you i guess.

From: Kim Ward/ENRON@enronXgate on 05/08/2001 04:23 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

so who are the drinks on until I do ? . . . . .

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 2:25 PM
To: Ward, Kim S.
Subject: RE:

drinks on tickleknees if you do

From: Kim Ward/ENRON@enronXgate on 05/08/2001 02:03 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

you're killing me!!!  I WILL close two of the three!!! and I predict that I
will make $500,000 - on two tiny little gas deals.

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 2:04 PM
To: Ward, Kim S.
Subject: RE:

maybe we need a closer in that seat

From: Kim Ward/ENRON@enronXgate on 05/08/2001 01:56 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

he's a cheapskate - I am just sitting here on the edge of my seat with three
customers that won't pull the trigger!

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 1:53 PM
To: Ward, Kim S.
Subject: RE:

how about we celebrate the near completion of your deal and have tickleless
pay for it.

From: Kim Ward/ENRON@enronXgate on 05/08/2001 01:26 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

push the summer down about $.03-.04 so I can get one of my deals done and we
could celebrate!

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 1:07 PM
To: Ward, Kim S.
Subject:

wanna get sauced after work?


did you and carolyn have a grammy party?   temptation island was dumb.
everyone went on their dates and hooked up.  next week looks good.


Glad you enjoyed the game.   It was certainly a panoramic view from up
there!  I am that you continue to be pleased with your decision to come to
Enron, and I am  certainly glad that you are here.

	From:  Bryce Baxter                           04/04/2000 09:59 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Thanks!

I just wanted to say thanks for the Astros tickets.  My wife and I enjoyed
seeing the ballpark and watching the game.  I am really enjoying my work here
at Enron and am excited about the challenges ahead.  When someone asks me if
I think I made the right decision to come to Enron, I say yes without
hesitation.  Thanks again for the tickets, as well as all your support.

Bryce


When you say they are approved, do you mean they are approved for all
products, or just Australian products?

	David Minns@ENRON_DEVELOPMENT
	08/15/2000 05:28 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: EOL Credit Responses 08/11/00

Powecor and Aloca Australia  are approved

From: Tana Jones@ECT on 15-08-2000 01:38 CDT
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: EOL Credit Responses 08/11/00

----- Forwarded by Tana Jones/HOU/ECT on 08/15/2000 01:38 PM -----

	Tom Moran
	08/11/2000 03:57 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 08/11/00

The EOL approvals for 08/11/00 are attached below.

Regards,
tm


looks like we are going to have to find a couple of loser fijis who can't
find dates for the tennessee game and lift their tickets.  i am so fired up
for that game.  tim just told me it is the 6:30 game on espn.


<<List of Outstanding Issues for Completion of World Hunger Form
Agreement.DOC>>

 Pursuant to Kay Mann's request, attached please find a memo
summarizing the outstanding issues/tasks for completion of the World
Hunger/GE Turbine Form Agreement.
 - List of Outstanding Issues for Completion of World Hunger Form
Agreement.DOC


Dear Market Participants,

On November 15, 2000, the New York Independent System Operator,
Inc. filed a reformatted version of the NYISO Open Access Transmission
Tariff (OATT).  The new version is entitled New York Independent System
Operator, Inc.,  FERC Electric Tariff,  Original Volume No. 1.

This filing was made to comply with the FERC's Order No. 614, issued
March 31, 2000 in Docket No. RM99-12-000, 99 FERC   61,352 (2000).
Order 614 amended the FERC's regulations concerning the designation
of electric rate schedule sheets. This order changed the titles and
other administrative information to be shown at the top and bottom of
each tariff sheet, thus necessitating that the NYISO modify the information
included on the NYISO's tariff sheets.

The tariff filed on November 15, 2000 does not include any change in
the content of the tariff.  It does include the administrative changes
described above and a repagination and reformatting to facilitate
existing and future changes.  This tariff includes all tariff modifications
that were filed before September 1, 2000, and have been approved by the
FERC.  The tariff does not reflect filings made on or after September 1, 2000.
The tariff also does not reflect the NYISO's February 11, 2000 compliance
filing in Docket No. ER97-1523-029, which still awaits Commission action.

Once this tariff has been approved by the FERC, the NYISO will create and
post a consolidated version of the OATT that shows all approved and
proposed changes.  This new consolidated version will be comparable to
and replace the current consolidated OATT posted on the NYISO website.

The November 15, 2000 filing can be found on the NYISO website at:

http://www.nyiso.com/services/documents/filings/index.html

Regards,

NYISO Customer Relations
518-356-6060


Just to confirm - I have deposited $1,828 to your account today.  This is 21%
of the vacation payment ($12,308.56) less $756.80 in tax.

Janice


Dave,

Everyone of these countries is important to physical and financial trading.
Ranking the countries

Chile - number one copper producing country in the world
China - very big consumer/trader/producer in copper, ally, zinc etc
Peru - very large producer of copper, lead, zinc precious
Brazil - large producer/consumer
Korea - very large consumer of all metals

To me it is an issue of time for all of these countries.

regards,
bruce

David Forster
06/14/2000 01:57 PM
To: Edmund Cooper/LON/ECT@ECT, Bruce Garner/Corp/Enron@ENRON
cc: Mark Taylor/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Lara
Fields/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT

Subject: Re: Metals due diligence

Edmund: Mexico is already underway.

Bruce: Can you comment on the relative importance of the following countries
to MG's business? It costs us about GBP 15,000 to add each country (due
diligence and document preparation costs). I may also be able to add a
comment on Korea by tomorrow.

Chile
Brazil
Peru
Korea
Republic of China

Dave

Edmund Cooper@ECT
06/14/2000 12:58 PM
To: jonathan.marsh@linklaters.com
cc: Mark Taylor/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, Amita
Gosalia/LON/ECT@ECT, Lara Fields/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT

Subject: Metals due diligence

Dear Jonathan,

Following our earlier telephone conversation, here is the list of countries
for which we need to undertake follow-up commodity due diligence for trading
physical metals products.  As the initial two products to be offered are
aluminium and copper we should restrict the due diligence to base metals
only.  In addition, let's ask for the position on cash-settled derivatives -
should involve only a follow-up question asking whether previous advice for
energy commodity derivatives changes in respect of derivatives on metals.
However, the initial focus should be on the physical trading questions.

Austria, Belgium, Croatia, Czechoslovakia, Denmark, Finland, France, Germany,
Ireland, Italy, Netherlands, Norway, Poland, Portugal, Singapore, Slovenia,
Spain, Sweden, Switzerland, United Kingdom

Also, there is the following list of countries, for which there is currently
EOL access documentation which will need to have the same review.
Mark - do you want us to handle the due diligence over here, or do you want
to run with it?

Australia
Canada
Japan
United States

There is a third list of countries for which we currently do not have EOL
access documentation.
Dave/Amita/Mark - Are we going to proceed with preparing such access
documentation for these countries?

Chile
Brazil
Peru
Mexico
Korea
Republic of China

Regards,

Edmund


_________________________________________________________________

                        F O O L W A T C H
                   Wednesday, December 6, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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MsgId:
msg-29631-2000-12-06_18-02-43-6496365_1_Plain_MessageAddress.msg-18:26:56(12-0
6-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Hi Mrs. Mann,
I thought this might be an easier way to communicate in scheduling the ARD
to review Michael's testing.  Please let me know if tomorrow (9-27) at 11:45
will work for you.  I need to offer you at least a five days written notice
of the ARD so if tomorrow will work for you, would you be willing to waive
the  5 days prior notice.  If not, we can schedule the meeting next week.
Thank you.

Sarah Morrisett
M.S., CCC-SLP
Valley Oaks Elementary
Spring Branch ISD


Shelly,

I shall not accept anybody for a rotation without a prior interview.

Li was scheduled to meet with me last Thursday but  she never showed
up. She did not call to cancel or to apologize for not showing up.
I have not seen her resume.

Please, assume she is not rotating into my group till further notice.

Vince

	From:  Shelly Butler                           08/18/2000 03:37 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT
Subject: Vikas Dwivedi

Jeff,

Just wanted to confirm that Li will be placed in Vince Kaminski's group.
Vikas has been placed in ENA Middle Market reporting to Craig Breslau.
Please contact me at 3-4584 if you have any questions.  Thanks for your help!!

Shelly

	From:  Jeffrey A Shankman                           08/18/2000 03:18 PM

To: Shelly Butler/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
Subject:

Shelly,

Hunter spoke with Li today and agrees that her first rotation should be in
Vince's group doing modelling, etc.  This will give her the broadest
experience for a first rotation.  I'm sure the other person in question,
Vikas, will do very well in Hunter's group.

Thanks for your help.

Jeff


Hello everyone.  The goal of Regulatory Affairs is to have livelink up and running for your use by no later than late November or early December.  In order to make sure you all can get into livelink without a hitch, please submit to me the list of names from your desk that will be using livelink.  They will then have guest access.

Please submit to me the list as soon as possible.  By next Friday, November the 2nd would be wonderful.  By then, you will see or should, the livelink link in your gas fundamentals page.

Thanks,
Melinda


Try this one.  It's just over 1 MB instead of 5 MB


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/23/2001
09:19 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/23/2001 09:03 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/23/01


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 10/04/99 02:52
PM ---------------------------

Geoffrey Allen
10/04/99 09:36 AM
To: Elizabeth Sager/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, David
Portz/HOU/ECT@ECT
cc:
Subject: Draft ComEd Agreement

Elizabeth and David,

I want to work with you both and Kevin to turn these edits (from ComEd)
around today.

Let me know your availability to review.  The document is now in your hands.

Geoff


I will be leaving the office at about 3 p.m. Monday (Dec 4) and will return
Wednesday morning (Dec. 6).  I will be travelling to Chicago Monday and will
be meeting with our lawyers at Sidley & Austin Tuesday.

I will check my voice messages while out of the office.  I will also have my
cell phone with me (713) 594-2683.

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


I am not sure about the purpose of this letter. The better response in my
mind would be to have a process server arrive at their door. If we do send
them a letter, and I leave that to you, we need to have already filed the
petition. Then we can attach a file-stamped copy to the letter.


working through economics still and trying to bridge the gaps between
ourselves and Joe Garcia on
equity and financing.   last week there was a new twist that is highlighted
in the word memo.    I think
this make the company more attractive and will get some models to you by mid
week to put figures
behind the story.


Funny you should ask about my life right now.  Now you are sure to get an earful!  Beware - My country is at war and going into a major recession, my company is falling down around my feet, my grandmother is sick,  I am broke, and my boyfriend broke up with me last week, further confirming my ability to fail when it comes to relationships.  ( I know I act tought when it comes to this stuff but I am really sad about this one)  I guess that I am not sick and I do have lots of friends.  But I am tired and need someone to take over at this point - - - -

I can't believe that you didn't get my email about gas being a buy a couple of weeks ago.  I guess if I had seen you when I was there, I could have told you in person.  AS for business over here, gas and power trading is still going strong.  However, all of the events have affected us in a huge way financially.  Down to whether we get bonuses or not.  It is not going to be a good year just trying to stay strong but I think that we will survive, and mostly thanks to EnronOnline.

Curious about what's going on there since you mentioned it.  Anyway - sorry to burden you with my personal problems.  I do hope things are going ok for you - too bad you're not going to make it here.  As we are in a cash crunch, I think I am probobly grounded for the remainder of the year.  Who knows!

Keep in touch -
K.

 -----Original Message-----
From: 	Eric Strickland <estrickland@mieco.com>@ENRON
Sent:	Monday, October 29, 2001 9:34 AM
To:	Ward, Kim S (Houston)
Subject:	RE: Fw: An Irish Wish...

k,

thanks, i could use all of the luck that i can get right now trading this
market.  i have heard so many rumors about what's going on over there that
my head is spinning.  i won't bombard you with questions though.  how's
everything going other than work?  any opinions on this gas market?  you are
supposed to be my gas guru, i thought i would have heard from you a week ago
telling me to buy it, that it was going to make this huge move.  maybe the
email got lost.  went to florida this weekend for the ga/fla game and once
again left disappointed.  anyway, hope all is well, let me know if you're
going to be out this way anytime soon, my nov trip might be cancelled now,
i'll tell you more about all the crap going on over here next time i see
you....

E


Vince,

Just let you know crack spread option trading is peaking up volumes.
I will arrange a meeting for discussion of support.

Zimin

 -----Original Message-----
From: 	De La Ossa, Mario
Sent:	Wednesday, October 24, 2001 5:05 PM
To:	Lu, Zimin; Lee, Bob
Subject:	Research Support

I attended a derivatives seminar put on by the Lacima Group.  It appears to me that this group has modeling expertise that could accelerate our progress towards properly modeling correlation and forward volatility dependent options.  I have spoken with Bob Lee on this issue.  I am already trading a relatively large (1000+ contracts) crack spread options book and a modest time spread options book.  I am planning to expand our activity in these markets through Enron Online.  Also, I would like to start trying to develop markets in contingent premium options on heating oil and jet fuel.  To do this, I need research help in implementing a consistent approach to modeling forward forward volatility, especially with regard to heating oil (seasonality).  I would like to discuss this in greater detail to scope the next step forward.  Thanks, Mario.


I just had a thought.  Just to keep you guys in the loop, I will send this
type of stuff to you unless you tell me not too.  You don't need to do
anything with it.  Its more of an awareness type thing.

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/17/2000 10:25
AM ---------------------------

Chris Germany
07/17/2000 09:39 AM
To: Alicia Perkins/HOU/ECT@ECT
cc: Dick Jenkins/HOU/ECT@ECT
Subject: Transport Usage

I just changed the rate on Algon/transport usage deal 233358 from $.26 to
$.0206.  We should get back 155,000 x $.2394 == $37,000 tonight.


you are welcome.  Here is Joel's bio.  He is one of our main consultants in DC - our group has him on a monthly retainer.  He is very tapped into the EPA and is active in a lot of the workgroups on rule development

Joel Bluestein, President of Energy and Environmental Analysis, Inc. (EEA), is a nationally recognized expert on the market impacts of environmental regulation. Mr. Bluestein has been tracking and analyzing the development and market impacts of the Clean Air Act Amendments of 1990 since their inception, in particular as they affect the power generation and industrial sectors. He is an expert on emission trading programs and has been directly involved in the development of such programs including the Ozone Transport Region NOx Budget program, the Open Market Trading Rule, OTAG recommendations on emissions trading, the SIP call NOx cap and trade program and issues related to carbon trading. In so doing, he has analyzed numerous environmental policy options and their impacts on technology and emissions markets. He also advises clients on the strategic value of investments related to emissions trading markets. Mr. Bluestein has worked in the energy and environmental consulting field for over 20 years. His work has included technology and market assessment work, R&D planning, energy conservation project analysis and long term energy demand forecasting, among other topics. He holds a degree in Mechanical Engineering from MIT and is a registered Professional Engineer.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)

 -----Original Message-----
From: 	Taylor, Michael E
Sent:	Wednesday, November 14, 2001 11:19 AM
To:	Schoen, Mary
Subject:	RE: Follow-up Materials

Thanks for the great info.

Also, can you give me a rundown of who Joel Bluestien is, his expertise, etc?  Any useful info that would help me prepare for the call with him.

Again, thanks for all your help.
 -----Original Message-----
From: 	Schoen, Mary
Sent:	Wednesday, November 14, 2001 1:13 PM
To:	Taylor, Michael E
Subject:	RE: Follow-up Materials

 << File: NOx SIP CALL Q&A.doc >>

Michael - the above Q&A document for the EPA discusses the compliance supplement pool questions you raise.  The document is dated - so the dates are no longer accurate given the court delays of the SIP Call implementation.  But basically, it is up to each state to develop a methodology for allocating their compliance supplement pool.  The CSP is meant to give credits to units that make early reductions.  The compliance supplement pool (roughly 200,000 allowances for the NOx SIP Call) is only good for the first two years of a state's launch of its NOx SIP Call.  Those allowances that aren't allocated during these first two years are retired.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)

 -----Original Message-----
From: 	Taylor, Michael E
Sent:	Wednesday, November 14, 2001 10:19 AM
To:	Schoen, Mary
Subject:	RE: Follow-up Materials

Ok.  The file you sent me contains the total trading budget and CSP.  The states total allowances equal the total trading budget and the CSP?  Is the CSP a one time allocation in SIP CALL while total trading budget is annually?  If CSP is only a one time allocation, have the states determined how many allowances from the CSP will be used in 04? 05? etc.  Or is there some other method that I am missing?

 -----Original Message-----
From: 	Schoen, Mary
Sent:	Wednesday, November 14, 2001 12:13 PM
To:	Taylor, Michael E
Subject:	RE: Follow-up Materials

These are the compliance supplement numbers for the NOx SIP Call not the OTR compliance supplement numbers which are roughly 25,000 tons.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)

 -----Original Message-----
From: 	Taylor, Michael E
Sent:	Tuesday, November 13, 2001 3:00 PM
To:	Schoen, Mary
Subject:	RE: Follow-up Materials

On the state file.  The CSP of each state added together is way above 25,000.  Why is this?  How should I look at this CSP?  Is there a discount factor that will be applied to get down to the 25,000 at the end of 2002.  If so, what is it?

Should I add them all together and get a percent per state?  And then multiply the percent by 25,000 to determine the state's CSP at the end of 2002?  Please advise.
 -----Original Message-----
From: 	Schoen, Mary
Sent:	Tuesday, November 13, 2001 2:46 PM
To:	Taylor, Michael E
Cc:	Jacobson, Lisa
Subject:	Follow-up Materials

Michael - I haven't heard back from Joel yet on a call date & time, but here is some of the info I promised.  Attached is the latest information I have on the state allocations, including their total trading budgets:

 << File: State.htm >>

Also attached, is the Section 126 Non-EGU allocations:

 << File: Sec. 126 NonEGU affected units.pdf >>

I am pretty sure this is all the non-EGUs that will affected in those states under the SIP Call, but am double checking just to be completely sure.

I am still working on a date that the allowances have to be parked in the compliance supplement pool in 2002 to be valid in 2003.

I'll let you know as soon as I have some more answers.

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)


I complied all the wiring intrusions we use in the Merchant Finance Group it can be found @:

O:\Stfin\Accntng\Wire Instructions\[MI Wire Instructions.xls]Sheet1

If changes need to be made please make them.

Thanks,

Susan Rance
Enron North America
susan.rance@enron.com
(713)345-3774


Hoecker is in San Diego today and tomorrow (congressional hearings followed
by a FERC conference Tuesday). I will touch base with his staff on Tuesday
and ask him on Thursday after the regular D.C. FERC Meeting. I'll also get
started with Markey. Note that Markey, Barton, and Hoecker as well may not
want to sit on a Panel - they may demand speaking positions.

FYI - NARUC has some overlap with a couple of our potential second tier
speakers.  I got the names on background and can't list them until Chuck
Gray at NARUC has confirmed that they've been invited. Will follow up on
that in a couple days.  NARUC has its Electricity Committee meetings on
Monday, with plenary sessions on electricity on Tuesday morning (lessons
from California on state restructuring policy; Order 2000; consumer
wlelfare/response issues) and Wednesday morning (supply side responses to
price spikes, if my notes are correct).

One balance issue we haven't discussed that may help Bill - Gary Neale of
NiSource is current chairman of the NERC (North American Electric
Reliability Council Board of Trustees). Do we want a speaker who will
provide a focus on reliability issues - I think its a missing piece in our
plan (akin to leaving out NTSB and FAA out of a conference on airline
restructuring). See http://www.nerc.com/about/chairman.html

Allen Mosher
Director of Policy Analysis
American Public Power Association
2301 M Street NW
Washington, DC 20037
Voice:  202-467-2944
Fax: 202-467-2992
amosher@APPAnet.org

> -----Original Message-----
> From: gramlr@pjm.com [SMTP:gramlr@pjm.com]
> Sent: Monday, September 11, 2000 8:07 AM
> To: AMosher@appanet.org; whederman@columbiaenergygroup.com;
> doornbos@socrates.berkeley.edu; hcameron@uclink.berkeley.edu;
> lfried@uclink.berkeley.edu; jeff.dasovich@enron.com;
> shapiro@haas.berkeley.edu; borenste@haas.berkeley.edu
> Subject: Update on Energy Summit:  speakers rolling in
>
> So far no one has declined, and everyone is interested.  Lynch is in,
> Littlechild is interested, Harris is interested. Allen, could you work on
> Hoecker and Markey?  I'll see what I can find out about Markey and Barton.
>
> Lee is making progress on a few more fundraising avenues so GSPP will
> handle
> that.
>
> We'll need to figure out our next tier of speakers soon.  I want to make
> sure
> that all of you have all the information you want but I'm getting the
> sense that
> conference calls are too time-consuming.   What if I give a weekly update
> and
> you can all respond to the group if you choose? I think our last call
> established a vision of the conference and the rest is day-to-day
> management for
> which we don't need a committee meeting.  I would suggest one modification
> of
> the vision, though.  We need a little better balance of policy
> perspectives to
> make sure we get the real decision-makers.  To modify the GSPP motto, we
> can
> speak truth with power better if we add a couple big players like Rep.
> Barton
> who is an important figure with conservative views.  I think the
> conference
> would be more interesting, attract more of an audience and more
> sponsorship, and
> make more progress.  Comments?  I may be out of town the next couple days
> so you
> won't hear from me.
> Rob
>
> > -----Original Message-----
> > From: Malcolm, Kim [SMTP:kim@cpuc.ca.gov]
> > Sent: Friday, September 08, 2000 8:28 PM
> > To: 'gramlr@pjm.com'; Malcolm, Kim
> > Cc: lfried@uclink4.berkeley.edu
> > Subject: RE: Energy Summit
> >
> > Rob, Thanks for the detail -- the Commissioner is very interested in
> speaking
> > and she appears to be available that day.  Please call Charlene Lundy at
> 415
> > 7032444.  And let's talk soon --
> >
> >

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-----Original Message-----
From: 	Hill, Garrick
Sent:	Monday, June 17, 2002 5:51 PM
To:	McMichael Jr., Ed
Cc:	Bills, Lisa; Lyons, Dan; Ward, Charles; Barbe, Robin
Subject:	Ponderosa Pine Energy Partners, Ltd ("PPEP")

After I learned that Robin was preparing a summary to bring you up to speed with where we are gas-wise w/PPEP, I offered to draft something that might help put us all on the same page and allow her to work on other things important to your group.

PPEP owns a 263 MW plant located in Cleburne, TX.  The plant has three gas-related agreements that require daily management:  (1) a gas transportation agreement w/Lone Star, (2) a gas supply agreement w/Apache (which is being managed by Cinergy), and (3) a gas supply agreement w/Williams.  Prior to June 30, 2000, these agreements were administered under a service agreement between PPEP (f/k/a Tenaska IV Texas Partners, Ltd., or "TIVTP") and Tenaska Gas Co.  Under that agreement, Tenaska Gas Co. ("TGC") provided scheduling services, reconciled gas activity to invoices, and bought and sold gas on behalf of TIVTP.  As consideration for services provided, TGC received a per unit fee that (if the agreement were still in effect) would have amounted to approximately $0.0513/Dth in 2002.  That fee is prevalent in the PPA as it relates to Brazos' gas purchase options and electric pricing after 2006, the year the gas supply agreements expire.

The TGC gas agreement was terminated on June 30, 2000 at which time Ponderosa Pine Energy, LLC ("PPE"), a wholly-owned subsidiary of Delta Power Co., LLC ("DPC"), acquired all of the entities that own general partnership interests (90%) in TIVTP (whose name changed to PPEP one year later).  Just prior to PPE's acquisition, ENA acquired the only limited partnership interest (10%) from LG&E.  In conjunction with PPE's acquisition, ENA entered into two service agreements with PPE:  (1) a Consulting Services Agreement, under which either party receives cost plus 5% for services rendered (there has been no business conducted under this agreement, and (2) a Corporate Services Agreement, under which ENA is entitled to receive cost plus 5% for accounting, tax, finance, legal, and HR services it provides to PPE.

PPE's purchase agreement provided for a transition of gas services to ENA over 90 days.  In conjunction with the transition, ENA and PPE developed (but never executed) a gas agency agreement under which the ENA Texas Desk provided services similar to those provided under the TGC gas service agreement.  Per Weil, course of performance is sufficient to consider that agreement binding as a "verbal arrangement".  Under that verbal arrangement, the ENA Texas Desk received a fee of $0.0400/Dth in 2001; by our calculations, that fee has increased to $0.0406/Dth in 2002.  PPE is current through November 2001 on the payment of these fees.

In addition to the status of the PPE-ENA gas agency agreement, two issues were raised to a consciousness level shortly after the filing of our petition

In what appears to be related to the sale of HPL to AEP, payments that were made by PPEP to ENA for further payment to Lone Star between April and November 2001 were never remitted by ENA to Lone Star.  In order to prevent the Lone Star agreement from going into default, PPEP was forced to pay Lone Star directly (effectively causing PPEP to "double pay" its transportation costs for the period).

Revenue that was received by ENA for the resale of gas on behalf of PPEP (i.e., due to an electric production schedule that didn't utilize full contract entitlements) for the month of November was never remitted to PPEP.

Taken together, these two items create a $1.3 MM claim against ENA by PPEP.  Additionally, we learned shortly after the bankruptcy that the electric production schedule had lead to the development of a large imbalance on the Lone Star pipeline.  Given ENA's limited capability to transact on physical gas (and Lone Star's physical limitations), it has been difficult to work off this imbalance.  However, the fact that the plant is generally short gas in summer production months (i.e., the plant utilizes approximately 48,000 Dth/d at full production vs. its 45,000 Dth daily contract entitlements), the imbalance should start to reverse this summer.  It's my understanding that the facility has fairly liberal balancing provisions w/Lone Star.

An invoice for gas agency services since the filing of the bankruptcy was presented to PPE today.  Based on conversations that I had w/DPC earlier this year, we suspect (due to the limited capacity in which ENA can perform and the claim described above) that PPE will decline to pay the invoice.  ENA, at DPC's request, developed an RFP to solicit bids for a new gas agency service provider earlier this year.  While we have received no indications that the RFP has been issued, it is my understanding that DPC has had conversations with one or more parties that may be willing to provide gas agency services.  While not crucial to ENA's decision-making, we have no way of knowing how these conversations have progressed or if DPC is presently in a position to assume the role of gas portfolio manager.

However, this is deal falls into the "SPE category" by virtue of a total return swap between ENE and KBC bank, which loaned PPE 97% of the total funds needed to acquire the entities that own general partnership interests in PPEP.  The total return swap was entered into contemporaneously with PPE's acquisition in June 2000.  The total return swap agreement appears to be in default; ENE has not performed under that agreement since the bankruptcy filing.  Likewise, the KBC-PPE loan agreement also appears to be in default.  We are aware that DPC attempted to put its equity interests in PPE back to KBC in December under the loan agreement, and that its exercise lead to the filing of a lawsuit by KBC.  We are also aware that KBC and DPC are in discussions concerning a resolution of their differences and a possible restructuring of the investment, but we have not (to date) been party to those discussions.  Lisa Bills is responsible for the total return swap and bank the bank relationship on this deal.  She is presently developing a strategy document for dealing with this investment (which appears to the deal team to be a net liability due to the current market for power plant investments and the relationship with Brazos).

Because the SPE status (and outright ownership of the limited partnership interest), we intend to continue in our collective service roles (i.e., relying on DPC for authorization of our decisions) until such time that the strategy can be advanced through the approval process.   Lisa views DPC's reaction to the gas agency service fee invoice to be a key part of this process.

I hope this helps...please let me know if you need more.


Dear R2:?I would like you to consider the following in determining the appropriate ?course of action in your mission to ensure that all our offices have process, ?procedures and policies to adequately support the business activities:??  I believe that your going on a series of trips is precisely the wrong ?approach and not only do I think it will be relatively unproductive (as ?compared to your tremendous productivity at home base) but I honestly believe ?it will be counterproductive. Here's why:??   1) While you guys are on a plane or in a remote office, you will be less ?in touch and available to make decisions at home?   2) When you are preparing to go and de-compressing from having been, you ?will be distracted, tired and attempting to catch up to all your     other ?duties.?   3) There are only two of you and many of them.?   4) Please don't take this the wrong way, but I question whether you even ?are the best qualified from a skill perspective (Kevin Sweeney,     Vlady ?Gorny, John Vickers, et al might be the best to dig into the details)?   5) When you guys are the face, it means the rest of us are not.  This ?means that our presence and authority, which will be required on ?    an on-going basis in order for this to have lasting effect, will be ?completely undermined.   Senior people need to know that if a ?    Sweeney, Murphy, Hardy,  etc walks into their office and finds something ?not right, that it will be communicated up the line with     reprecussions.  ?If you were to investigate anonomously, I believe that a universal theme is ?that stuff gets pointed out and nothing     ever gets changed.  It puts those ?in the position of knowing on the defensive and sounding shrill.??My suggestions is that you stay home.  Sally, AA myself and others should ?develop a template for consistent analysis of the offices and a plan to ?maintain an on-going pressure and results.  Part of that plan would be a ?requirement to report to you guys the findings and recommendations in a ?concise way  with you following up to the heads of those offices about what, ?if anything, needs to change as quickly as possible after the review.    ??The most important things you can do will be to pave the way for our ?departure, be available to assimilate the findings and be prepared to ?follow-up.  Everyone already knows that they need to respect your wishes.  ?They need to know (as do we) that we have your support and you will respect ?and act on our recommendations.  ??Thank you for indulging me.  I am afraid that I am correct.?Ted


I hate to be a pain in the neck, but is there anything you can tell me about
my proposed trip to London?

Sorry to keep bugging you about it, but it is one of my 2001 goals to get
London to "subscribed"  to Houston's Global Rates Services.

---------------------- Forwarded by Steve Venturatos/HOU/ECT on 01/25/2001
03:21 PM ---------------------------

	Enron North America Corp.

	From:  Steve Venturatos                           01/22/2001 02:31 PM

To: Sally Beck/HOU/ECT@ECT
cc: James Scribner/Corp/Enron@Enron
Subject: Global Rates

Please find below the latest e-mail that I had sent to Mike, which outlines
my proposed trip to London.  Upon your approval, I plan on going to London on
February 3rd, which would coincide with Joel Heneberg's trip.  I am also
planning on sitting in on some of his Commodity Logic Meetings, since Global
Rates will be an integral part of some of these meetings.

If you have questions, please feel free to give me a call @ x36674

.
---------------------- Forwarded by Steve Venturatos/HOU/ECT on 01/22/2001
02:15 PM ---------------------------

	Enron North America Corp.

	From:  Steve Venturatos                           01/18/2001 11:14 AM

To: Mike Jordan/LON/ECT@ECT
cc: James Scribner/Corp/Enron@Enron
Subject: Global Rates

I thought I would share with you my ideas in regard to my upcoming trip to
London.

I would like to meet with you and James New for about an hour when I first
arrive to get a feel of your businesses and to give both of you an update on
the new and improved Global Rates Group, after the partial implementation of
MKM.   I would also appreciate it, if I could unobtrusively sit with several
of your risk groups, in order to among other things, get an idea of the types
of commodities London trades and their respective Exchanges.  This would
allow to familiarize myself with the current process that London uses to
capture commodity rates.

After a couple of days in your shop, I am confident that I could come back to
Houston with a much better idea of how Global Rates could be of the most
benefit to London.

This trip would of course be charged to the Global Rates CC and not allocated
back to London, since it is a "discovery"  trip, which we have budgeted for
in our 2001 budget.

I wouldn't want this to interfere in anyway with your ongoing business,
therefore would you please let me know when you and James would be in London
during the next couple of  weeks and I will schedule my trip accordingly.

Thanks again for your assistance, it is unfortunate that our teleconference
scheduled for today got cancelled.


Mark and Peter -

At long last, I received the revised Enron Corp form of guaranties.  I have
asked for an electronic copy and will forward them to you upon receipt.  That
aside, I think we should get on the phone for a brief chat about next steps
-- at your convenience.  I have a few ideas and want to run them by you
guys.  Let me know if this sounds ok to you and I'll have Deb set it up.

Thanks.

Rob


All,

We have seen some symptoms of problems with the voicemail system.

The Problem:
The Message Waiting Indicator (MWT) on the Meridian phones is not lighting for several hours after new messages are received.

What we are doing about it:
I have contacted PGE Telephone Services and they have opened a trouble ticket to have the problem looked into.

The workaround:
If you are expecting messages or if you have not checked your messages in a while because you have not seen the MWT light, please proactively check your voicemail box by dialing x7600, hit the # key for you mailbox, and enter your password.

I will send out an update message when I have more news.

Regards

Dave Steiner
Enron Net Works, LLC
Office - (503)464-3701
Cell - (503)703-1553


What it the abbreviation for our website?


Last night House Banking Committee Chairman Jim Leach gave a speech in
Washington complimenting CFTC Chairman Rainer for moving to deregulate futures
exchanges but expressing concern about references to swaps (OTC derivatives)
in
the Staff Draft "New Regulatory Framework."

A copy of the speech appears below, (or use this website link:
http://www.house.gov:80/banking/3600pr.htm ). Chairman Leach appears to have
had
some contact with banking regulators as he prepared it.

House Commerce Committee staff has also weighed in with the CFTC on the issue.

I hope one of you can give me a call about new info (since my discussion
yesterday with Mark Haedicke):

   what remedies the Banking and Commerce committees will be seeking from the
   CFTC, and
   the extent to which ISDA and others are in sync with these events.  In
   particular, my reading of the only ISDA position paper I have seen is that
it
   leaves to the tender mercies of the CFTC swaps with retail participants
   negotiated on the Internet.

Thanks
Mark
(212)-648-6605
______________________________________________
For Immediate Release:

ontact: David Runkel or
 Monday, March 6, 2000

rookly McLaughlin at 226-0471

                                                   Excerpts of Remarks
                                                  Of Rep. James A. Leach
                               Chairman, House Banking and Financial Services
Committee
                         Before Institute of International Bankers Annual
Washington Conference
                                           Four Seasons Hotel, Washington D.C.

Good afternoon.

The fundamental challenge for the House Banking Committee at the close of the
previous century and the start of this
one has been to reform and rationalize the legal and regulatory structure of
our
 financial sector to keep pace with
monumental changes that have transformed the marketplace. In the face of
revolutionary new kinds of institutions,
businesses, and financial instruments, it became self-evident that the
legislative framework required modernization to
ensure the integrity, innovativeness, and competitiveness of U.S. finance and
re-bolster the stability of the
international financial system.

Our most important accomplishment in this endeavor has been the passage of the
financial modernization act, which
obliterated obsolete barriers between various families of financial sector
institutions and thereby increased access of
consumers to a wider panoply of competitively-priced financial products. This
was no easy task, but, at the end of the
day, the will to improve the laws transcended parochial rivalries between and
within various branches of government
and various parties of the private sector.

A similar legislative challenge in our reform efforts centers on swaps and
related over-the-counter financial derivatives
transactions. In the passage of the financial modernization act, the House
Banking Committee successfully fought to
ensure that all credit swaps and the vast majority of equity swaps are treated
under U.S. law as "identified banking
products" and thus can continue to be carried out within banks subject to bank
regulation. With modernization
legislation signed into law, however, we must direct our efforts to resolving
the serious legal anomalies that continue to
plague the financial derivatives markets, in which so many of the banks
represented here participate so vigorously.

Questions about the legal status of derivatives transactions under U.S. law
must
 seem arcane and somewhat bizarre to
foreign institutions that transact swaps business in this country. Although
the
discussions can get quickly mired in
obscure minutiae, we must recognize from the outset that what is potentially
at
stake is neither obscure nor minute.
Outdated statutes that raise questions about the enforceability of contracts
with banks and bar risk-reducing practices
pose a palpable threat to the safety and soundness of the financial system.
Indeed, U.S. banking regulators warn that
uncertainties and unintended consequences of federal laws could potentially
turn
 financial disruptions in the global
system into financial disasters.

What I would like to do today is first outline briefly how far we have come
toward consensus about the need to clarify
the treatment of financial derivatives under U.S. law. I would then like to
conclude by discussing, from a Banking
Committee perspective, certain concerns with a regulatory proposal on
derivatives issued by the Commodity Futures
Trading Commission a few days ago.

Since the development of swaps and many related kinds of over-the-counter
derivative transactions in the U.S. in the
early 1980s, banks have overwhelmingly become the dominant participants in the
derivatives markets, with securities
firms and their affiliates running a distant second. As most people gathered
here know from personal experience, banks
are counter-parties to the vast majority of over-the-counter derivatives
transactions. By the same token,
over-the-counter derivatives have become essential to banks? risk management
strategies, their proprietary trading
activities, and the services they provide their institutional customers.
According to the Comptroller of the Currency,
the notional amount of banks? over-the-counter derivatives transactions
reached
a record $35.7 trillion in the most
recent quarter, and $9.9 billion of bank revenues for the past four quarters
came from over-the-counter derivatives
trading.

For these reasons, the House Banking Committee has had a vigorous and
sustained
interest in derivatives issues for
well over a decade. In 1993, when I was Ranking Minority Member on the
Committee, the Minority issued a lengthy
report that remains the most comprehensive analysis of over-the-counter
derivatives ever produced in Congress.

The legal issues surrounding bank derivatives activities stem from events that
took place, ironically, when the financial
markets for swaps and related derivatives hardly existed. In the early 1970s
Congress passed legislation creating the
CFTC and tasking it with administering a regime to regulate the trading on
exchanges of commodity contracts for
future delivery, which, at the time, were almost exclusively agricultural in
nature. Perhaps because it then seemed
obvious, Congress did not at the time define the statutory term "contract for
the purchase or sale of a commodity for
future delivery" and has not done so since. Since swaps and other
over-the-counter financial derivatives exploded onto
the banking scene in the 1980s, the absence of a definition of a futures
contract has allowed some members of the
futures community in both the CFTC and the private sector to argue or imply on
various occasions that the new
financial instruments should somehow be treated like exchanged-traded futures
under the commodities laws.

The de facto reality is that swaps have never been regulated as futures under
the Commodity Exchange Act or "CEA" as
the law is known. Efforts by the CFTC to extend its regulatory reach beyond
its
statutory authority over
exchange-traded futures contracts have failed amidst resistance from the
courts,
 other federal financial regulators,
Congress, and the banking and securities industries. The mere possibility that
over-the-counter derivatives might be
futures, however, has - as many of you are aware - created serious problems.
Particularly vexing from a bank regulation
perspective have been questions about whether some swap contracts are illegal
or
 unenforceable because they are not
traded on futures exchanges.

Piecemeal attempts by the CFTC to deal with the unintended damage inflicted by
the CEA on over-the-counter
derivatives through administrative action, though often well meaning, have
failed to solve the underlying problems and
have in many instances just created new layers of confusion and uncertainty
about when new and ever more
convoluted exemptions apply. Past CFTC actions have impeded standardization of
contracts, electronic information
sharing between banks about swaps deals, and reduction of systemic risk
through
multilateral netting and clearing
systems. What has been needed is not short-term administrative fixes, but
rather
 the passage of new law that explicitly
clarifies that swaps and related derivatives are tools of the financial trade,
not commodity futures, and resolves issues
of when the CEA applies.

The problems came to a head a year and a half ago when the CFTC issued a
"concept release" asking for comment on
whether swaps and other over-the-counter derivatives should be treated as
futures. The CFTC?s concept release had the
effect of firmly inserting the CFTC into the heart of the regulation of
financial products. It implicitly called into
question the lawfulness of billions of dollars worth of securities-linked
swaps
and other over-the-counter derivatives
that do not fit neatly into the rag-tag collection of exceptions and
carve-outs
found in the CEA and the CFTC?s
regulations. The release drew sharp rebukes from Secretary of the Treasury,
the

Chairman of the Federal Reserve Board,
and the Chairman of the Securities and Exchange Commission. Faced with a
possible menace to the safety and
soundness of the banking system, our Committee held hearings and we, along
with
others in Congress, ultimately had
to intervene to stop further CFTC actions in this direction.

The executive branch is currently in a far more cohesive position than it was
a
short time ago. The person who receives
much of the credit for this rapid and marked improvement in interagency
attitude
 is the recently appointed Chairman
of the CFTC, William J. Rainer. Chairman Rainer is the first CFTC leader to
come
 from the financial industry. As such,
he has displayed an unprecedented sensitivity to the problems that CFTC
regulation creates for the financial
instruments that Congress never intended to be covered by it. He has
forthrightly acknowledged in recent Senate
testimony that "OTC derivatives transactions as we know them today do not
present regulatory concerns within the
scope of the CEA." Although this core principle has always been central to the
approach that our Committee and the
banking regulators have taken toward financial derivatives, it is more than a
little refreshing to hear it acknowledged
by the head of the CFTC. By acknowledging that good policy dictates that
over-the-counter derivatives should not be
subject to the CEA, Chairman Rainer reinvigorates longstanding efforts to
dispel
 fears that law governing commodity
futures exchanges might interfere with other derivatives markets.

The first concrete manifestation of the CFTC?s new stance occurred when
Chairman
 Rainer joined the heads of the
Treasury, the Fed, and the SEC in signing a late November report by the
President?s Working Group on Financial
Markets. In the Report, the Working Group unanimously recommends new
legislation
 that clearly and explicitly pulls
over-the-counter derivatives out of the reach of the CEA. This would
guarantee,
among other things, that parties who
lose money in the swaps markets would not be able to use commodity law to
attempt to renounce their obligations. The
working group also called unanimously for legislation rectifying questions
raised by CFTC actions about whether
clearing swaps and related derivatives or trading them electronically might
make
 them illegal under the CEA. If these
measures are enacted, they will further the effectiveness and legal soundness
of
 bank derivatives activities in the U.S.
In any event, the atmosphere of agreement is heartening after years of tension
and turf battles.

At the same time that the executive and legislative branches of government
have
begun action to remedy legal
ambiguities hampering over-the-counter transactions, we have recognized that
this process should be accompanied by
regulatory modernization for the exchange-traded futures markets that the CEA
was intended to govern. Unnecessary
and outdated requirements under the regime the CFTC administers may keep the
U.S. futures exchanges - whose
innovation and success has been a continuing source of pride and economic
strength for this nation - from offering
innovative products, updating technology, and reducing transaction costs.
Exchanges must meet these challenges to
stay competitive.

It is interesting to note in this connection that there is no open outcry
market
 left in Europe and that an upstart
electronic market based in Frankfurt is now the largest futures market in the
world. The loss of business resulting from
changes in the marketplace and misplaced regulatory exigencies can have real
human costs, threatening the livelihoods
of many people who depend on our futures exchanges for employment. The CFTC?s
goal of shifting its regulatory
paradigm for futures exchanges from direct regulation to oversight seems like
a
good way to confront the difficult
challenges ahead.

For these reasons, first the leadership of the House and Senate Agriculture
Committees and later the President?s
Working Group asked the CFTC to come up with a comprehensive proposal of
administrative action to rationalize and,
where possible, reduce the regulatory burden on the trading of futures
contracts
 on exchanges. In response to these
requests, the CFTC staff task force released a tentative initial proposal a
little over a week ago.

To the extent that it treats futures trading, the CFTC staff?s proposal is to
be
 commended as probably the most
conscientious and creative rethinking by a regulatory agency of its role in
recent memory. But the proposal goes
further than futures contracts, further than the President?s Working Group
contemplated. Instead of just discussing
how much to regulate or deregulate futures and futures exchanges, the CFTC
staff
 proposes an entirely new regime of
complicated exemptions, principles, and enforcement rules that appear to apply
to all derivatives, whether they are
futures or not.

Thus the proposal raises a number of serious concerns.

First, although different in substance, the new proposal stumbles into the
same
over-the-counter derivatives mine field
that blew up Chairperson Borne?s concept release. Because of the uniquely
exclusive regulatory structure of
commodities law, the CFTC finds itself in a peculiar "Catch 22." Even if the
CFTC wants to help the problems created
for banking by the CEA, its actions may implicitly expand the agency?s
jurisdiction in such a way that legal
uncertainties increase rather than decrease. Any attempt by the CFTC to grant
relief through administrative action
lends credence to the legal argument that swaps are somehow futures under the
CEA. Asking the CFTC to fix the legal
uncertainties surrounding over-the-counter derivatives is like asking the Fed
to
 administer farm policy.

These practical concerns are joined by a very real statutory concern. The CFTC
has authority over futures contracts and
commodity options and little else. To the extent that it purports to regulate
all derivatives, the CFTC proposal may run
counter to a fundamental limitation imposed by Congress. Even if it made sense
to expand the CFTC?s role to cover
some aspects of over-the-counter derivatives trading, it is Congress and only
Congress that should decide this. The
opt-in nature of part of the CFTC?s proposed framework does not solve the
authority problem. If one person opts to
have his swaps business regulated as futures trading, others could argue with
potentially deleterious results that
identical transactions are also futures subject to the CEA.

More fundamentally, exemptions are subject to regulatory whim and can be
easily
revoked. As John Locke warned
three centuries ago, good princes can be particularly dangerous because, after
authority is conferred out of trust, they
are often followed by bad princes. Locke?s time-tested admonition applies to
the
 current dilemma about CFTC
regulation. This is among the reasons why the President?s Working Group
strongly
 urged that balanced legislation not
regulatory exemption was what was needed to deal with over-the-counter
derivatives issues.

The irony is that, after achieving better Working Group relationships, the
Executive Branch has allowed the CFTC to
release a preemptive proposal without securing the prior approval on language
of
 the other agencies in the Working
Group. Inter-agency discourse on possible approach is simply not a substitute
for garnering support for language in an
area where the devil lurks in every detail and the preemptor in every concept.

In conclusion, let me state that I believe that the CFTC?s proposals hold the
potential of becoming first class rulemaking
if proper modifications are made. In this regard, I look forward to working
with
 others in Congress and the CFTC to
coming up with an approach that is appropriately tailored to the CFTC?s
jurisdiction and provides sorely needed
modernization and relief for futures trading on exchanges.

As for legislation, our Committee is posited with responsibility for the
safety
and soundness of the banking system and
we intend to keep all options open, including revisions to the banking laws
necessary to implement the general spirit
and specific recommendations of the President?s Working Group. Last Congress,
the Banking Committee reported out
legislation incorporating the President?s Working Group recommendations on the
netting of derivatives and other
financial contracts. These recommendations build on the existing statutory
framework concerning the netting of
derivatives and are designed to further the policy goal of minimizing the
systemic risks that could occur with the
insolvency of a counterparty to such contracts. This legislation will soon be
considered as part of the larger bankruptcy
bill conference.

Throughout all of our work on derivatives over the years, the goals of the
House
 Banking Committee have remained
steadfast: ensuring the safety and soundness of the financial services
industry;
 removing unnecessary and unintended
obstacles to the effective management of risk in the financial system; and
keeping U.S. derivatives markets as rational,
competitive, and attractive for your institutions as any derivatives markets
found elsewhere.


TFS Brokers have signed an LOI to license Broker Client for NA natural gas.  Please give Allen Kurzer 6 guest ids while we work on the agreements.  Allan's email is akurzer@tfsbrokers.com

All transactions executed on Broker Client will be a zero brokerage.

Call with any questions.

Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
bob.shults@enron.com


10/20/2001

REMINDER: EES Ohio Quarterly Disclosure Label to Customers & PUC is due 12/1/01.  Please provide Heather Mathis with the information to update this
label for which you are responsible (if any) by 11/10/01.  If you would like to see the form of this label or have other questions, please email
Heather at hmathis@enron.com or call her at (713) 853-9006.  Thank you!

Automated Reminder


Attached is the accomplishment discussion to go with the public affairs goals
-- let me know if this is sufficient and consistent with what you want to
present.... I can provide more detail if needed.

	Karen Myer
	12/04/2000 05:16 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Goals - as discussed w/Mark Lindsey

Attached are the 2000 Goals for Public Relations.  We appreciate your
performance response.  Thanks.

Karen Myer
for Mark Lindsey.


I really do love you.

Bobby Jackson <BJACKSON@SSWPC.COM> on 02/15/2001 09:39:17 AM
To: "'dana.davis@enron.com'" <dana.davis@enron.com>
cc:
Subject: Training Session

I'll be at a training session from 10:30 - 11:30am today. Don't freak out. .
. . .


Dear Vince,
This is the final version of the DASH that was presented to Jeff and Joe on
Friday.  Please let me know if I can be of more help.
Best Regards,
Farhad Ahad

Vince J Kaminski@ECT
05/16/2000 01:34 PM
To: Farhad Ahad/Corp/Enron@ENRON
cc: John Sherriff/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT

Subject: Exmar Deal

Farhad,

Please, cc-mail to John Sherriff in London the DASH  of the EXMAR transaction
when it becomes official.

Vince


Today at 4:00 is the deadline for those of you who wish to still participate....
 -----Original Message-----
From: 	Rosado, Jennifer
Sent:	Wednesday, September 05, 2001 10:44 AM
To:	Product Control - Houston; Quick, Joan; Gossett, Jeffrey C.; Love, Phillip M.; Bike, Anne; Thomas, Sheri; Ewing, Linda J.; Davis, Frank L.; Lilly, Kyle R.; Neuner, Dale; Bagwell, Jennifer; Bryan, Gary; Keiser, Kam; Giron, Darron C.; 'jendebois@aol.com'
Cc:	Dawn and Gary Wilson (E-mail)
Subject:	A Baby Shower for Dawn K. Wilson
Importance:	High

	I am pleased to announce that we will be having a shower for expectant mom Dawn K. Wilson on Tuesday, September 11th here
	at Enron in ECN27C2 at 3:30.  Dawn has requested your presence at this special event to enjoy presents, cake, coos, and awe's.
	Mom to be is registered at "Baby's R Us" and at "Doodles in the Village".

	If you would like to do gifts on your own please let me know.  I will also be taking a collection to purchase a gift card and some
	"baby necessities" for mom if you would like to participate.  The deadline for collections is this Friday by 4:00pm.  You can see me 	direct, just under the plasma screen on the northeast side of the building, or send your contribution in secured interoffice envelope 	to ECN2782E.

Thanks,

JLR

Jennifer Rosado
(713) 853-6890
Sr. Administrative Assistant for
EnronOnline-Product Control Group


REGISTER  NOW February  5-8, 2002(Houston, TX)    October  8-11, 2002 (Mesa, AZ)
 VISIT  OUR SITE  ABOUT  THE SCHOOL   COURSE  CURRICULUM   REGISTER  ONLINE  P.  O. Box 4269 Sedona, AZ 86340-4269 Telephone(520)  203-4247 Fax(520) 203-4875	 New  Regulations Require Welding Inspection Personnel Training and Certification   DOT Regulations Become  Effective in October 2002    Distribution  ---- All  If  your company is involved with the construction or maintenance of gas or  liquid pipelines or distribution systems we hope you find this letter  of interest.  For  more than 23 years we have conducted the ?National Welding Inspection  School for Plants and Pipelines? for the Gas and Liquid Pipeline  Industry. We provide the Training and Certification of Welding Inspection  personnel required by the new DOT regulations that become effective in  October of 2002.  Your  consideration is appreciated regarding the Certification of Welding Inspection  Personnel. This may include your welding construction, supervision, maintenance  and inspection personnel. Our schedule for next year is presented herein.  Please call us at 520-203-4247 for more information or check out our website  at www.nationalwelding.com   Thank  you for considering our training program.    If  you have received this letter in error, please accept our apology and  let us know if we need to correct our mailing list.


Most, if not all of you, have now received the Outlook migration CD.; You
will need to schedule your migration with &Deborah Kelly @ 713-853-42698. She
will get you scheduled.
;
The plan is to begin the week of July 9.; If you are traveling, or are taking
a vacation during this week you may schedule a time that works for you.; We
should have the whole Outlook migration for Public Affairs complete by Monday
the 16th.;
;
Let me know if you have questions or comments.
;
Thanks
;
______________________________
Earlene O'Connell;;;;;;;;
Enron Corp.
Public Affairs
earlene.o'connell@enron.com
713-853-7870
;