Message-ID: <23410170.1075840848322.JavaMail.evans@thyme>
Date: Thu, 15 Nov 2001 10:12:13 -0800 (PST)
From: laura.luce@enron.com
To: louise.kitchen@enron.com
Subject: Keyspan/3rd Party Leverage
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X-From: Luce, Laura </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LLUCE>
X-To: Kitchen, Louise </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lkitchen>
X-cc:
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So...

MGU, complete utility outsourcing to ENA.  Requires all gas supply and assets are bequeathed to ENA with a gas sale to MGU.  Risks to MGU include performance risk, commission scrutiny, and assets remaining with ENA for 60-90 days in the case of ENA insolvency.  They are betting the entire reliability of their utility performance to one counterparty.  That is a big bet for any company and was managed completely through TRUST...

Peoples is different.  Keyspan is different.  Their worse case is ENA goes away and they a) have more money in the bank, b) grew their diversified earnings at a pace unachievable on their own, c) will get addicted to this new business and d) have very little to loose with their alternative being partnering with our closest competitor.  The choice for these guys is to grow or not.  They will not loose what they had before ENA.

I know our role for the unforeseeable future will be that of a broker.  Even on MGU, I am attempting to find a way to mitigate their concerns with providing a third party back stop.  On Keyspan, the play is to bring them into the PEC deal linking the Midwest and the NE.

Originators must be optimist's and I don't like letting a deal I believe in die.  MGU will be a challenge due to the commission scrutiny I may not be able to now...  overcome.  I believe more than ever we can link counterparties together and provide the backbone of some new vehicle.  Peoples has been painful and there are still challenges ahead, but they are willing to provide financial backing for money.  They have a taste ($10 MM, 2000 and $18 MM, 2001) of this new business and do not want it to cease.

So, first, I do want to move ahead with my new role and second, really want to have Keyspan and PEC together in NY.  The NY event is 2 weeks away and Chuck, Ed and Mike have committed.  For the group, I want Russell and Deirdre McCaffrey, 1 analyst and 1 associate to see if we can get anything going.  It is an investment of around $2MM to determine if we can get an asset play working.

Please reconsider the NY trip to include Keyspan and provide me the go ahead to form this group.  The below attachment is to show, with time, focus and persistence there is always a way around (or over) all problems.

Thanx,
Laura

 -----Original Message-----
From: 	Penman, Gregg
Sent:	Thursday, November 15, 2001 11:10 AM
To:	Luce, Laura; Tomaski, Richard; Dickson, Stacy E.; Johnson, Rudwell
Subject:	FW: Enovate/WPS winter deal

It looks like we may have worked out an arrangement for the WPSC deal.  Essentially, PEC will provide the full guarantee, ENA will give PEC a reimbursement agreement for 50%, and ENA will receive 50% (25% under bankruptcy) of the deal proceeds.  In exchange, we may need to cover a small (few hundred thousand dollars) shortfall on the 25th of November.  This would most likely be accomplished by not cash settling a portion of the transactions and instead delaying payment until enovate has the cash.  I am working out the details of whether or not this is feasible.  Any questions, please let me know.  I will let you know if we hit any road bumps, but we are going to try to close this by tomorrow.

Stacy - Thank you for your excellent suggestion on documentation. Hopefully, it will pass through the rest of the PEC organization.

Gregg

 -----Original Message-----
From: 	t.hermann@pecorp.com@ENRON
Sent:	Thursday, November 15, 2001 10:28 AM
To:	a.huprikar@pecorp.com
Cc:	j.

2 weeks away
18 million cash distribution last


Message-ID: <16798617.1075861476773.JavaMail.evans@thyme>
Date: Mon, 29 Oct 2001 06:03:57 -0800 (PST)
From: m..schmidt@enron.com
Subject: Enron Mentions
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X-From: Schmidt, Ann M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ASCHMID>
X-To:
X-cc:
X-bcc:
X-Folder: \JDASOVIC (Non-Privileged)\Dasovich, Jeff\Deleted Items
X-Origin: Dasovich-J
X-FileName: JDASOVIC (Non-Privileged).pst

Enron Discusses Credit Line of $1 Billion to $2 Billion With Banks
The Wall Street Journal, 10/29/01
Manager's Journal: How Enron Ran Out of Gas
The Wall Street Journal, 10/29/01
Enron Seeks Additional Financing
The New York Times, 10/29/01
GLOBAL INVESTING: Enron stock plunge deals a heavy blow to mutual funds=20
Financial Times; Oct 29, 2001

COMMENT & ANALYSIS - Enron flickers.
Financial Times, 10/29/01
FRONT PAGE - COMPANIES & MARKETS - Enron asks banks for additional credit.
Financial Times, 10/29/01
Enron Seeks Further Credit to Reassure Investors, WSJ Says
Bloomberg, 10/29/01

USA: REPEAT-Electric cowboys get roped in at the energy corral.
Reuters English News Service, 10/29/01

Enron seeks new credit line; reportedly for 1-2 bln usd
AFX (AP), 10/29/01
Enron Said Seeking New Credit Lines
American Banker, 10/29/01
USA: Enron in talks for $1-2 bln credit line - WSJ.
Reuters English News Service, 10/29/01
JAPAN: Japan's Teijin, Enron study coal-fired power plant.
Reuters English News Service, 10/29/01
Enron, Teijin to Build Power Plant in Japan, Report Says
Bloomberg, 10/29/01

Once-Mighty Enron Strains Under Scrutiny
The New York Times, 10/28/01

Plumbing Mystery Of Deals By Enron
The New York Times, 10/28/01

Investors Seem to Ignore Discouraging News
The New York Times, 10/28/01

Enron Asks Banks for More Credit After Stock Slide, FT Reports
Bloomberg, 10/28/2001

Enron Asks Banks For Additional Credit -FT
Dow Jones Energy Service, 10/28/01
Week in Review TOP STORIES OCT. 22-26 Lockheed Edges Out Boeing for Contrac=
t
Los Angeles Times, 10/28/01
Devon Energy makes building its own with major lease
Houston Chronicle, 10/28/01
INDIA PRESS: Enron Plans To Exit LNG Shipping JV
Dow Jones International News, 10/28/01

Enron Taps All Its Credit Lines To Buy Back $3.3 Billion of Debt
The New York Times, 10/27/01
COMPANIES & FINANCE INTERNATIONAL - Enron's bond prices drop to warning lev=
els.
Financial Times, 10/27/01

SHORTS - Enron bond prices under pressure.
Financial Times, 10/27/01
Enron taps credit line; stock slides
Associated Press Newswires, 10/27/01

Enron Decline Continues
Los Angeles Times, 10/27/01
Enron taps credit line; stock slides / Company says cash will boost confide=
nce
Houston Chronicle, 10/27/01

Enron says Microsoft breached contract
Houston Chronicle, 10/27/01
How to Lose a War
The New York Times, 10/27/01
City - Enron directors cash in shares.
The Daily Telegraph, 10/27/01
INDIA: Lenders to meet over Enron's Dabhol on Nov 3.
Reuters English News Service, 10/27/01
Enron sues Microsoft for breach of contract ; Move could block high-speed s=
ervice
The Seattle Times, 10/27/01

Enron Discusses Credit Line of $1 Billion to $2 Billion With Banks
By Jathon Sapsford and John Emshwiller
Staff Reporters of The Wall Street Journal

10/29/2001
The Wall Street Journal
A10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Corp., scrambling to restore confidence in its finances, is negotiati=
ng with banks for a new credit line of between $1 billion and $2 billion, a=
nd is likely to close a deal within days, according to officials familiar w=
ith the matter.=20
The new credit line is intended to bolster Enron's financial condition and =
head off a potentially devastating loss of investor and business confidence=
. The new credit would supplement existing lines, which are largely tapped =
out after Enron last week drew down about $3 billion to increase cash reser=
ves and calm fears in the stock, bond and energy markets.
An Enron spoke


Message-ID: <23289146.1075852093791.JavaMail.evans@thyme>
Date: Fri, 8 Jun 2001 06:17:30 -0700 (PDT)
From: 40enron@enron.com
Subject: EnTouch Newsletter
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X-From: ENA Public Relations@ENRON <IMCEANOTES-ENA+20Public+20Relations+40ENRON@ENRON.com>
X-To: All_ENA_EGM_EIM@ENRON
X-cc:
X-bcc:
X-Folder: \BROGERS (Non-Privileged)\Rogers, Benjamin\enron news
X-Origin: ROGERS-B
X-FileName: BROGERS (Non-Privileged).pst

BUSINESS HIGHLIGHTS

eSource
eSource, Enron's research group, has experienced an overwhelmingly positive response to the research training which it has hosted.  Participation and interest by Enron employees has exceeded expectations and many classes were quickly filled.  As a result, repeat classes have been offered and new sessions have been added to the program.  In addition to the Lexis-Nexis and Dow Jones classes, eSource has now begun hosting sessions on Piranha (financials and pricing information), Investext (analyst reports and market analysis), Global Access (financials and corporate activity), and Securities Data Corp. (M&A, debt).   eSource has also arranged long distance sessions using interactive web tools for Enron employees around the world.  Watch for e-mails announcing new training sessions, either in Houston or in a virtual desktop mode.

Since our launch in December, the eSearch website has received over 230,000 hits.  The site today offers Enron employees access to 34 electronic databases.  These databases offer the latest financial and business on-line research capabilities in a cost-effective manner.  In this era of information explosion, databases are constantly being reviewed to ensure that Enron's research needs are being met.  If you know of a professionally relevant database that might be added to eSearch, let us know.  Meanwhile, to further fulfill Enron's research needs, eSource is arranging for desktop access to good-old-fashioned libraries too.  Books from public and local university libraries can be located, borrowed and delivered to employees' desks.  This should be particularly helpful for those with more specialized or technical research needs.

We are also proud to report that at a recent local research conference, Enron's eSource was featured as an industry trailblazer for having invented itself into a combined virtual library and intranet-based research center capable of delivering a broad range of research products and services via the user's desktop.  Attendees from Reliant, Shell, Halliburton and ExxonMobil and others were duly impressed.

As for the future, watch for Version 2.0 of the eSearch website, http://esource.enron.com, scheduled to launch soon.  It will feature greater functionality and additional content.  Look for new features like "Industry Overviews" and links to information providers like Frost & Sullivan, Country Watch, and World Energy Markets.

IN THE NEWS

Chicago And Its Suburbs Pick Enron, ComEd For Power Deals
06/06/2001  Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.)
CHICAGO -(Dow Jones)-The City of Chicago and 47 suburban communities have decided to divide new deals for 400 megawatts of power between Enron Corp. (ENE) and local utility Commonwealth Edison Co., Chicago officials said Wednesday.
In the largest power purchase agreement in Illinois since the state choose to deregulate the industry in 1997, the local government groups will get 60% of their power from Enron and 40% from Exelon Corp.'s (EXC) ComEd. The municipalities use the power for public buildings and public transportation.
Chicago announced Monday that the group has picked ComEd to meet the renewable target by providing 80 megawatts of power created with landfill gas, wind and other sources. ComEd will also provide the coalition with another 80 megawatts of power generated with fossil fuel and nuclear plants, and Enron will provide the other 240 megawatts. The new co


Message-ID: <29162347.1075841084902.JavaMail.evans@thyme>
Date: Thu, 17 Jan 2002 13:25:56 -0800 (PST)
From: m..love@enron.com
To: pmjr1967@yahoo.com
Subject: RE: Golf Balls
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Love, Phillip M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PLOVE>
X-To: 'Anna Brown <pmjr1967@yahoo.com>@ENRON'
X-cc:
X-bcc:
X-Folder: \ExMerge - Love, Phillip M.\Sent Items
X-Origin: LOVE-P
X-FileName: phillip love 6-25-02.PST

I figure you are going to turn around and sell them on Ebay(current price is $77).  So, I will sell you the two pinnacle cases for $250, roughly $31 a sleeve.  I now have two cases of the titleist golf balls that will also sell at the same price.  I can send you a picture tonight, when I get home.  I can ship tomorrow or Saturday, I will pay for the shipping.  If you are interested, let me know.  Thanks.
PL

 -----Original Message-----
From: 	Anna Brown <pmjr1967@yahoo.com>@ENRON
Sent:	Thursday, January 17, 2002 2:19 PM
To:	Love, Phillip M.
Subject:	Re: Golf Balls

yes, I am interested in your Golf Balls..
Please email your best price for all of them shipped
priority mail insured. Priority mail usually runs $5
for a dozen plus $2 for the 1st $100 of insurance.. I
can send payment via paypal for them.
If you have a picture showing the boxes that would be
great also.

--- "Love, Phillip M." <Phillip.M.Love@ENRON.com>
wrote:
> Greg Couch forwarded your email address to me saying
> you were interested in some Enron logo sleeves of
> golf balls.  I have four sleeves of Titleist Tour
> Prestige 90 and 8 sleeves of Pinnacle Gold Distance
> golf balls.
>
> Please let me know if you are interested and what
> you are willing to pay.  I am going to put them on
> EBay tonight if I do not here from you.  If you are
> not interested, I apologize for the message.  Thanks
> PL
>
>
>
>
**********************************************************************
> This e-mail is the property of Enron Corp. and/or
> its relevant affiliate and may contain confidential
> and privileged material for the sole use of the
> intended recipient (s). Any review, use,
> distribution or disclosure by others is strictly
> prohibited. If you are not the intended recipient
> (or authorized to receive for the recipient), please
> contact the sender or reply to Enron Corp. at
> enron.messaging.administration@enron.com and delete
> all copies of the message. This e-mail (and any
> attachments hereto) are not intended to be an offer
> (or an acceptance) and do not create or evidence a
> binding and enforceable contract between Enron Corp.
> (or any of its affiliates) and the intended
> recipient or any other party, and may not be relied
> on by anyone as the basis of a contract by estoppel
> or otherwise. Thank you.
>
**********************************************************************
>

__________________________________________________
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail!
http://promo.yahoo.com/videomail/


Message-ID: <1620049.1075857898028.JavaMail.evans@thyme>
Date: Thu, 26 Apr 2001 16:51:00 -0700 (PDT)
From: owner-nyiso_tech_exchange@lists.thebiz.net
To: tie_list_server@nyiso.com
Subject: MOU Pilot Programs
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cking@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Roy,

Thanks for sharing your concerns regarding the MOU pilot programs.  I will
include below a portion of the draft minutes from the April 18th NYISO
Management Committee meeting which discuss the NYISO position on the CIT
project.  Initially, this project was viewed as a "quick hit" which could be
completed swiftly, at minimal cost, and with minimal impact on staff and
ongoing
project work.  Further discussion with PJM reveals that this will not be the
case.

Question on CIT/CSS:

In thinking over the discussions at the BIC meeting I found two areas
related to interactions with PJM where I am a bit confused due to what is
either my misunderstanding, or conflicting information provided by NY and
PJM. I would appreciate it if the NYISO would clarify these items. I will
also make a similar request of PJM.

1) Common interface tool.

My understand from the PJM EMC meeting was that PJM was going basically do
this entirely (or almost entirely) on their own, and just allocate some
costs between NY and PJM. The product as I understood it would be available
to participants of both pools for transactions scheduling. The users would
input to the tool, and NY and PJM would basically get screened/coordinated
input simultaneously in order to accelerate scheduling and minimize checkout
problems etc.

If this was the case, I don't understand the comments at the BIC that NY
wont be able to do this by the summer. Is this a PJM or NY constraint? Is
PJM unable to complete what they offered? I can understand that that would
hold things up as they proposed to do most of the work. However at the PJM
EMC I got the impression that PJM was all set to go, could make the
schedule, and just needed NY agreement. If this is a NY constraint I would
also like to know more about it.

Can you please clarify what is going on here?

Response:

(Reported by Mr. Museler to the MC on 4-18-2001)

1.   There have been recent developments in the NYISO / PJM CIT process.  At
the
present time, no software requirements document has been created, no vendor
contracts have been signed,  and a number of issues, including ensuring the
confidentiality of data, providing redundancy in New York in case the PJM
based
system fails, and liability, all have to be resolved.

When the project was originally proposed, the NYISO believed it could be done
quickly with a limited amount of resources.  This has not proven to be the
case.
Completing this project immediately  would take resources away from other
projects need for Summer 2001 and will have a budget impact of approximately
$1
million.  The NYISO does not believe it would be prudent to allow this project
to come ahead of the Summer 2001 issues, or to proceed without vendor
contracts
in place and other outstanding issues resolved.  The NYISO will continue work
on
the CIT process and will keep the Committees informed of developments.

Question:

2) Inter ISO Congestion Pilot. I was disappointed in the "lukewarm"
presentation that Rick Gonzales made at the BIC. I realize that this program
is very limited in scope, but it seems to me this is a very important
precedent to the future coordination of the ISO's. As we left things it
seems likely that this will die in committee before the summer.

However, I would like a technical explanation of one of things that Rick
said. He commented that one of his discomforts related to a request by PJM
that NY pay for some


Message-ID: <12869947.1075842543995.JavaMail.evans@thyme>
Date: Thu, 11 Jan 2001 02:00:00 -0800 (PST)
From: drew.fossum@enron.com
To: martha.benner@enron.com
Subject: Gallup -- monitoring system issue
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Drew Fossum
X-To: Martha Benner
X-cc:
X-bcc:
X-Folder: \Drew_Fossum_Dec2000_June2001_2\Notes Folders\Discussion threads
X-Origin: FOSSUM-D
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pls print--I can't get it to print in here.  thanks. df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/11/2001
09:56 AM ---------------------------

Susan Scott
01/10/2001 01:02 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Gallup -- monitoring system issue

Drew, since my message to you this morning I've spoken with Gerald Nemec and
Mark Knippa and here is what I've been able to learn.  ECS's position is that
they could not begin getting a monitoring system in place (automated or
manual) until it could obtain access to CDEC's website, which required the
execution of a confidentiality agreement with Tri-State to protect the
confidential information on the website.  I do not remember exactly when I
first reviewed the confidentiality agreement; I believe I OK'd a draft
agreement sometime over the summer (Schedule 21 became effective sometime in
July), and I received executables from Gerald Nemec around Thanksgiving,
which I had signed and returned to ECS.  The confidentiality agreement was
fully executed as of Dec. 8, 2000.  ECS blames the delay between draft and
execution on Tri-State/CDEC, who allegedly would not work on the
confidentiality agreement until the merger was completed.

Currently ECS is working with Kevin Hyatt on getting an automated system in
place.  TW has access to the CDEC website, but such access is of limited use
until an automated system is implemented, because identifying peaks would
require continuous monitoring.  Apparently the programming is being done
through Arnold Eisenstein's group (using an outside contractor, I believe).
In fact, EE&CC has been responsible for the automated system from the outset,
in that development of the monitoring system was included in ECS's payments
to EE&CC.

ECS believes they have done everything possible to fulfill their obligation
to develop a monitoring system.  But they also argue that even if they did
not fulfill this obligation, they are not responsible for the expenses TW
incurred due to use of the compressor during peak load periods, as the
implementation of a monitoring system is no guarantee that peak loads will
actually be avoided.  While ECS does have a point, this is still a pretty
harsh legal position for ECS to take with an affiliate and business partner.
If ECS breached its obligation, it should take responsibility for its share
of the consequences.

The difficult question is whether ECS breached the obligation.  What is "good
faith" is subjective.   Since the confidentiality agreement is for the
protection of CDEC, ostensibly the Enrons could have just signed an agreement
and sent it to CDEC and it would have been binding on us.  However, issuance
of a password and access to the website was totally within CDEC's
discretion.  It is difficult to know whether there is anything ECS or TW
could have done to expedite the process.   Also, we will probably never be
able to tell for sure how long the confidentiality agreement sat on CDEC's
and ECS's desks prior to execution.

Going forward, until an automated system is implemented, TW will still risk
being charged for peak demand until it monitors the website continuously.  If
we do monitor the system manually, I believe the agreement does obligate ECS
to reimburse us for the additional employee time.  I asked Mark Knippa to
find out how soon the software could be installed.  Kevin should, probably
follow up with him on this.

Please call me; while writing this I had a gut feelin

000 per month if we continue to run the compressor as we have
in August


Message-ID: <32129320.1075842221106.JavaMail.evans@thyme>
Date: Thu, 19 Oct 2000 13:25:00 -0700 (PDT)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: Ameriflash Newsletter
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Enron Announcements
X-To: All_ENA_EGM_EIM
X-cc:
X-bcc:
X-Folder: \Dan_Hyvl_Dec2000_June2001\Notes Folders\All documents
X-Origin: HYVL-D
X-FileName: dhyvl.nsf

NOTE FROM MARK FREVERT

With the wide and varied activities of our three organizations, we created=
=20
this e-mail newsletter to keep everyone better informed about our various=
=20
businesses.  I hope you find it informative and more importantly, that you=
=20
will use this newsletter to help spread the word about the successes in you=
r=20
group.

To provide content for future e-mails, contact Michelle Vitrella in our=20
Public Relations group via e-mail or call her at ext. 3-9767.  Communicatio=
n=20
is one of the core Enron values and I believe this is a great way to improv=
e=20
communication across our wholesale businesses.

Additionally, I would like to again encourage everyone to take a few minute=
s=20
to complete =01&The Pulse=018 survey.  This annual survey regarding the wor=
k=20
experience at Enron and how we can make it better is an important part of t=
he=20
two-way communication process at Enron.  Please go to the Enron intranet an=
d=20
type survey.enron.com.  It only takes a few minutes, it=01,s confidential a=
nd=20
your comments will help make Enron a better place to work.

BUSINESS HIGHLIGHTS

Natural Gas
Middle Marketing=01,s biggest trade of the year so far occurred this month.=
  The=20
significant transaction was a five year, multimillion dollar restructuring=
=20
with a subsidiary of Formosa Plastics, one of the world=01,s largest produc=
ers=20
of polyvinyl chloride.

Additionally, Continental Airlines, the fifth largest US carrier, has hedge=
d=20
a considerable amount (1.2 million barrels/month) of crude oil.   Winter=20
Nymex hedges were put in place for the undisputed heavyweight chip champ of=
=20
the world, Frito Lay.

Pulp & Paper
With the acquisition of Garden State Paper and launch of Clickpaper.com,=20
Enron is creating an efficient spot physical market for pulp and paper=20
commodities.  Buyers and sellers will benefit from improved price=20
transparency and reliability and access to Enron=01,s online financial mark=
ets.

Improved price transparency and the ability to imbed financial derivatives=
=20
into physical trading flows will facilitate the growth of Enron=01,s tradin=
g=20
business.  To date, Clickpaper.com has traded over 1 millions tons of pulp=
=20
and paper product with a notional value of over $675 million.

Upstream Origination
Upstream Origination, headed by Julie Gomez and Jean Mrha, focuses on natur=
al=20
gas products to optimize commercial value associated with the natural gas=
=20
grid on the continent and in the Gulf of Mexico (GOM).  Through products su=
ch=20
as storage, electric compression and producer services & outsourcing, ENA=
=20
creates value for its customers and reconfigures the natural gas=20
infrastructure to be more efficient.  In addition, Upstream Origination=20
transactions exploit the unique relationship between development of strateg=
ic=20
assets through sophisticated financing structures and the utilization of th=
e=20
market information created by those assets.

=01&THE PULSE=018 SURVEY RESULTS

As of Wednesday, October 18, the total responses to =01&The Pulse=018 from=
=20
ENA/EGM/EIM are 689.  This is approximately 30% of all employees.  Since ou=
r=20
goal is a 100% response rate, we have a long way to go!  Please take a few=
=20
minutes to log on and give Enron your thoughts.  The Pulse is located at=20
survey.enron.com on the Enron intranet page.

If you like competition, here are the results by group:

Commercial - Origination  131
Energy Operations   126
Risk Managem


Message-ID: <7162071.1075849288406.JavaMail.evans@thyme>
Date: Tue, 26 Jun 2001 02:45:00 -0700 (PDT)
From: jmunoz@mcnallytemple.com
To: abb@eslawfirm.com, andybrwn@earthlink.net, cabaker@duke-energy.com,
	rescalante@riobravo-gm.com, rbw@mrwassoc.com,
	curtis_l_kebler@reliantenergy.com, dean.nistetter@dynegy.com,
	dkk@eslawfirm.com, gtbl@dynegy.com, smutny@iepa.com,
	jeff.dasovich@enron.com, joer@calpine.com,
	john.g.larrea@williams.com, jmball@ns.net, kgough@calpine.com,
	kent.palmerton@williams.com, lale@dynegy.com,
	dpeters@mccabeandcompany.net, mwilson@pstrategies.com,
	rmcnally@mcnallytemple.com, nam.nguyen@powersrc.com,
	knorton@mcnallytemple.com, paula.hall-collins@williams.com,
	jackp@calpine.com, rwhyde@duke-energy.com, roger.pelote@williams.com,
	stephanie-newell@reliantenergy.com, smara@enron.com,
	tross@mcnallytemple.com, tcwillia@duke-energy.com,
	alex.sugaoka@uaecorp.com, william_carlson@wastemanagement.com,
	billw@calpine.com, bellery@spi-ind.com, bob.gates@enron.com,
	cody.carter@williams.com, curt.hatton@gen.pge.com,
	david.parquet@enron.com, dean_gosselin@fpl.com,
	fernley.doug@epenergy.com, dnelsen@gwfpower.com,
	ed.tomeo@uaecorp.com, eileenk@calpine.com, eric.eisenman@gen.pge.com,
	frank.derosa@gen.pge.com, frazier_blaylock@ogden-energy.com,
	hap_boyd@enron.com, jack.hawks@gen.pge.com, elliottsa@earthlink.net,
	jgreco@caithnessenergy.com, jweisgall@aol.com,
	ccastillo@riobravo-gm.com, kellyl@enxco.com,
	khoffman@caithnessenergy.com, kfickett@usgen.com,
	lynn.a.lednicky@dynegy.com, marty_mcfadden@ogden-energy.com,
	psoos@covantaenergy.com, rjhickok@duke-energy.com,
	rskoebbe@powerworksinc.com, rllamkin@seiworldwide.com,
	ain@worldnet.att.net, siliff@riobravo-gm.com, steve_ponder@fpl.com,
	twetzel@thermoecotek.com, wfhall2@duke-energy.com,
	trusso@mcnallytemple.com, sadlersa@earthlink.net, mstultz@epsa.org,
	rtemple@mcnallytemple.com, tracy.fairchild@edelman.com,
	megan.beiser@edelman.com, deborah.fiorito@dynegy.com,
	lchurch@epsa.org, kaplan@iepa.com, tcwillia@duke-energy.com,
	rwhyde@duke-energy.com, tmcmorrow@manatt.com,
	suzy.l.rodriguez@dynegy.com, ppitts@wiredworld1.com,
	mnobili@cal-lobby.com, sscsus@aol.com, kvellandi@pstrategies.com
Subject: IEP News 6/26/2001
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: Jean Munoz <jmunoz@mcnallytemple.com>
X-To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'" <rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'" <curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)" <Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'" <john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'" <jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'" <lale@dynegy.com>, dpeters@mccabeandcompany.net, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>, "'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'" <nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'" <knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'" <paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'" <jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>, "'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell (E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'" <smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'" <alex.sug

50 billion in past
and
future electricity purchases would be jeopardized unless regulators or
legislators suspend or restrict

6 billion more
that
other Western states say they have


Message-ID: <24809835.1075840763075.JavaMail.evans@thyme>
Date: Tue, 15 Jan 2002 16:12:05 -0800 (PST)
From: shawn.cumberland@elpaso.com
To: j.kaminski@enron.com
Subject: FW: US Utility Market - Weekly Update
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: "Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
X-To: Kaminski, Vince J </O=ENRON/OU=NA/CN=RECIPIENTS/CN=VKAMINS>
X-cc:
X-bcc:
X-Folder: \vkamins\Deleted Items
X-Origin: KAMINSKI-V
X-FileName: vincent kaminski 1-30-02.pst

-----Original Message-----
From: *SSSB Utilities Team [mailto:sssbutilteam@imceu.sbi.com]
Sent: Tuesday, January 15, 2002 9:16 AM
Subject: US Utility Market - Weekly Update

SCHRODER SALOMON SMITH BARNEY

Our weekly US e-mail product is designed to provide clients with a useful
overview of news, valuations, and key energy price data from the US market.
This week:

*	Initiation of coverage on Reliant Resources.
*	Chart in Section 2. shows US forward spark spreads remain weak.

1. Valuation Multiples
Open this pdf to see a comprehensive schedule of valuation multiples for US
utility, power trader, merchant generator, and power technology companies.

 <<USUtils1.pdf>>  <<IPR Valuations Table Output.xls>>

We provide a summary of US consensus P/E ratios by electric utility strategy
below:

			2001E P/E	2002E P/E
Distribution		12.7x		11.4x
Integrated Utilities	13.0x		11.5x
Electric Generators	10.6x		8.7x
Energy Merchants	13.1x		11.6x
Source: I/B/E/S, Schroder Salomon Smith Barney estimates

2. Prices
Open this attachment to see current and forward price and spark spreads in
the key US power regions where European companies are active. Covered in the
charts is the Western US region (COB, Palo Verde, Mid Columbia), the North
East (Neepool), and Texas (ERCOT B).

 <<US Power Prices 14 Jan 02.pdf>>

3. News Highlights

*	PJM Study Says Single Northeast RTO Too Costly - Tuesday, 15 January
	The PJM Interconnection has released a preliminary cost/benefit
analysis suggesting the costs of joining a single Northeast RTO would
outweigh the benefits. In particular, PJM believes it would lose over $690m
of generator revenues, production costs and load payments a year. The
reports suggests the ISO New England would lose $324m per annum, while ISO
New York could save up to $2bn. PJM is expetced to pursue an agreement it
has reached with the Midwest ISO to create a single market. As a result, the
New England and New York ISOs are expected to pursue an RTO of their own.
Source: Platts.

*	UBS Wins Enron Trading - Friday, 11 January
	UBS has emerged as the winning bidder for control of Enron's
electronic commodity and derivatives trading operations, beating Citigroup
and BP. The sale was limited to a 51% stake in a new company called Netco
holding the hardward, software and employment conracts. The $13-billion
contract book was not included. There is no cash invloved, instead the offer
will give Enron one-thirs of any profits from a revived trading operation
over the next five years. EnronOnline is expected to be up and running again
within weeks. Source: Platts.

*	Vermont Yankee Sale Under Threat - Friday, 11 January
	The sale of the 540MW Vermont Yankee plant to Entergy ran into new
problems as teh Vermont Department of Public Service recommended new
conditions for the sale. In particular, the DPS would want the nuclear plant
to continue to sell power to local utilities at negotiated prices after 2012
if its operating license is renewed. Under the existing sales terms Entergy
would be free to sell on a merchant basis from 2012. A final decision is
expected mid-2002. Source: Platts.

	Vermont Yankee is part-owned (22.5%) by National Grid USA, the US
business of National Grid (NGG.L, 1M, 459p). Until the plant is sold,
National Grid USA will continue to share 80% of the revenues and costs with
customers through CTCs. The remaining 20% accounts for under 1% of National
Grid's total operating profit.

*	Re


Message-ID: <3250646.1075845579517.JavaMail.evans@thyme>
Date: Mon, 26 Jun 2000 07:54:00 -0700 (PDT)
From: kay.mann@enron.com
To: dtucker@bracepatt.com
Subject: Re: Agency Agreement
Cc: kay.mann@enron.com, bjspringer@jonesday.com, cdade@bracepatt.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: kay.mann@enron.com, bjspringer@jonesday.com, cdade@bracepatt.com
X-From: Kay Mann
X-To: "David Tucker" <dtucker@bracepatt.com>
X-cc: <kay.mann@enron.com>, <bjspringer@jonesday.com>, <cdade@bracepatt.com>
X-bcc:
X-Folder: \Kay_Mann_June2001_1\Notes Folders\All documents
X-Origin: MANN-K
X-FileName: kmann.nsf

Hi guys,

Here are some quick thoughts:

2.10  Suggest we delete "specific" from second line.
3.3  (i)To protect cash flow neutral status we need to get the money a couple
of business days before date due.
6.2  We need to discuss changes which could materially impact the value of
the agreement to MEH, not just the risks/responsibilities.

I'd bracket the concept of what the Admin Service Fee is supposed to cover.
Can we recover any additional costs, such as the cost of preparing/filing
docs on their behalf (2.2) and collection (3.1)?  I think we probably need to
limit our role to "short of litigation" type stuff.   Maybe "reasonable
efforts, short of litigation", something like that?

That's all for the first quick read.

Kay

"David Tucker" <dtucker@bracepatt.com> on 06/21/2000 07:06:57 PM
To: <kay.mann@enron.com>, <bjspringer@jonesday.com>
cc: <cdade@bracepatt.com>

Subject: Agency Agreement

As we discussed, in an effort to forward our internal discussions and
memorialize the results of our discussions in Chicago last week, Boyd and I
have produced a new draft of the Agency Agreement.  The changes can be
inspected by launching the attachment in Word and then going to Tools ---
Track Changes --- Highlight Changes to display and print the changes in the
document.

A number of questions must be addressed.  They include, in no particular
order:

Can we delete the confidentiality article?

Is it commercially important to restore the langauge on displacement
deliveries?

What will the compensation arrangements be?

Are we willing to deduct the administrative fee from the net cumulative
revenues?  [Doing so "loses" us $10,000 a month.]

Will we collect accounts receivable directly or have payments made to a
deposit account in which we will retain a security interest?

How should Section 2.9(ii) be recast to allay Boyd's regulatory approval
concern?

Is the new Section 2.10 acceptable?

How must the agreement change to reflect the "two county" concern?

I look forward to discussing this with you at your convenience.  DT

 - #1127382 v9 - NEW AGENCY AGREEMENT.doc


Message-ID: <7474619.1075859125666.JavaMail.evans@thyme>
Date: Tue, 20 Nov 2001 03:10:25 -0800 (PST)
From: energy@1stgmc.net
To: energygroup@buffalo.com
Subject: Utilities Biweekly Report
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: "Energy" <energy@1stgmc.net>@ENRON
X-To: energygroup@buffalo.com
X-cc:
X-bcc:
X-Folder: \Elizabeth_Sager_Jan2002\Sager, Elizabeth\Deleted Items
X-Origin: Sager-E
X-FileName: esager (Non-Privileged).pst

=09  Utilities Biweekly Report =09
 A news service for energy professionals   =09 November 20,  2001 =09

To Remove,  Substitute or Add an email address to our list, please send bri=
ef message to  msid@ieee.org=20
=20
=20
Electricity Restructuring Gets Push  From Republicans
Republican members of the Energy and Air  Quality Subcommittee of the House=
 Energy and Commerce Committee have agreed with  Subcommittee Chairman Joe =
Barton, R-Texas, that restructuring legislation should  move forward now th=
at Congress has a few more weeks in session. In an 8-2 vote  last week, Rep=
ublican Committee members decided to continue drafting electricity  restruc=
turing legislation. Electricity restructuring provisions were excluded  fro=
m the energy bill approved by the House earlier this year. The issue was to=
  be readdressed in the fall but was delayed due to the events on September=
 11th.  No action has been taken to date in the Senate.
Green Mountain Energy Expands Into  Ohio's Restructured Market
Green Mountain Energy Company has  entered into an agreement with the North=
east Ohio Public Energy Council (NOPEC)  to service northeastern Ohio with =
solar and wind-generated electricity. NOPEC  was formed last year under Ohi=
o's utility deregulation statute Senate Bill 3,  which allows local governm=
ents to serve as aggregators for electricity  customers. NOPEC consists of =
100 local communities with approximately 500,000  energy customers. Under t=
he agreement, Green Mountain Energy will construct a  25-kilowatt solar arr=
ay at Lake Farmpark in Kirtland, Ohio, and will conduct a  study to determi=
ne the feasibility of siting a wind generating facility in Ohio.  The Green=
 Mountain Energy solar array will be the largest in the state and the  firs=
t commercial solar array in Ohio built for the competitive market. The  pro=
posed wind study will be the first commercial wind analysis executed solely=
  for the competitive market.
Debate Over Deregulation Impacts in  Oklahoma
Oak Ridge National Laboratory (ORNL) has reported, in a  first-of-its kind =
study, that restructuring Oklahoma's electric industry can  benefit consume=
rs, but problems and potential pitfalls do exist. The report has  been met =
with some opposition however. Pete Churchwell, president of Oklahoma's  sec=
ond largest electric utility AEP/PSO, stated on November 16th that he does =
 not support the study's findings, one of which indicates that Oklahoma's e=
nergy  costs could rise between 5 and 25 percent if the retail electricity =
market is  opened to competition. The study results indicate that lower ele=
ctric prices may  be available in the short term, but restructuring will ul=
timately bring higher  prices. Under the state's restructuring plan, existi=
ng generating plants will  have a competitive advantage over new plants. Th=
is advantage will result in  higher prices in the long term because newer, =
higher-cost plants may be forced  out of the marketplace. Churchwell contes=
ts that it is too early to know for  certain how consumer rates will react =
in a deregulated market. While admitting  that the nation's grid was not de=
signed for retail competition, Churchwell said  that improvements in state =
transmission systems would allow a successful retail  competitive market.
Utility still looks to be freed of  generators
Clark Public Utilities has been trying in vain for  two months to unload so=
me of the 50 portable generators that have b


Message-ID: <23138172.1075858399570.JavaMail.evans@thyme>
Date: Thu, 15 Jun 2000 11:05:00 -0700 (PDT)
From: enron.announcements@enron.com
To: enron.mail@enron.com
Subject: PAC ENROLLMENT
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Enron Announcements
X-To: Enron PAC Mail
X-cc:
X-bcc:
X-Folder: \Scott_Neal_Jun2001\Notes Folders\Discussion threads
X-Origin: Neal-S
X-FileName: sneal.nsf

Last year the Enron Political Action Committee (PAC) launched a campaign to=
=20
become a "million dollar PAC".  Enron employees, who provide all of the=20
funding for the PAC, responded and the Enron PAC reached its objective,=20
becoming one of the largest corporate PACs.  This year we face a new=20
challenge.  With the sale of EOG, the announced sale of PGE and normal=20
employee turnover, we have lost a significant number of consistent=20
contributors.  We are seeking your support.  If you are not a member, pleas=
e=20
join.  If you are a member, we hope you will consider increasing your=20
contribution.

The Enron PAC is an essential tool in our effort to promote sound public=20
policy.  Our PAC funds support local, state and federal candidates, of both=
=20
parties, who support open markets, deregulation and customer choice.  Amoun=
ts=20
contributed may be used to make political contributions in connection with=
=20
federal and state elections and are subject to the limits of the Federal=20
Election Campaign Act.  While our PAC has grown thanks to our employee=20
contributions, it still generates just a fraction of the expenditures of=20
those who oppose these ideals.

This year, as always, we face challenges and opportunities for every one of=
=20
our businesses, including such issues as taxation and regulation of=20
e-commerce, electric industry restructuring, regulation of derivatives,=20
international trade and investment legislation, pipeline safety, local and=
=20
state decisions affecting the siting and interconnection of power plants an=
d=20
a variety of environmental and tax issues.  Enron has a long and successful=
=20
track record of supporting and advancing good public policy.  That track=20
record depends on access to and regular communication with, decision makers=
. =20
The PAC provides that access - - it shows policy makers that real voters ca=
re=20
about what they are doing.

One of the best things about Enron is that we don=01,t just take things as =
they=20
are.  We challenge the status quo.  We ask why.  We change things.  The PAC=
=20
helps us do that.  We need you to help the PAC.  Sign up today - and please=
=20
consider the following contribution guidelines:

Manager    $500/year
Director     $750/year
Sr. Director/General Manager  $1,000/year
Vice President    $2,500/year
Sr. VP/Managing Director  $3,500/year
Executive Committee   $5,000/year

All contributions are voluntary and these guidelines are merely suggestions=
. =20
You are free to contribute more or less than the guidelines suggested and=
=20
Enron will not favor or disadvantage anyone by reason of the amount of thei=
r=20
contribution or their decision not to contribute.  You may refuse to=20
contribute without fear of reprisal.

Only U.S. citizens and resident-aliens living in the U.S. can contribute to=
=20
the Enron PAC.  The maximum contribution is $5,000 per year per individual.=
 =20
An individual may not contribute more than $25,000 to all federal candidate=
s=20
and committees within a calendar year.  The law requires that Enron report=
=20
name, address, employer and occupation for every person who contributes ove=
r=20
$200/year.

No portion of any contribution is deductible as a charitable contribution f=
or=20
federal income tax purposes.

Thanks for your support!  Sign up now, or revise your current contribution=
=20
level by connecting with the PAC intranet site:

http://pacmembers.enron.com


Message-ID: <5508973.1075855485098.JavaMail.evans@thyme>
Date: Wed, 29 Nov 2000 10:31:00 -0800 (PST)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: EnTouch Newsletter
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Enron Announcements
X-To: All_ENA_EGM_EIM
X-cc:
X-bcc:
X-Folder: \Frank_Ermis_Dec2000\Notes Folders\Notes inbox
X-Origin: Ermis-F
X-FileName: fermis.nsf

CONGRATULATIONS!!!
PAT JOHNSON is the winner for =01+The Name This Newsletter Contest=01,.  It=
 was a=20
close call. After receiving over 50 great ideas, the PR Dept had a tough ti=
me=20
narrowing the list to the top ten for Mark Frevert=01,s final decision.  We=
=01,d=20
like to thank everyone who submitted suggestions and a special thanks to Pa=
t=20
Johnson for sending in the winning name EnTouch.=20

BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the O=
TC=20
market have climbed to the low $40s.  The highest reported trade for Decemb=
er=20
was reported at $38.50.   The tightness should continue through the first=
=20
half of the year  with the Martin County mine still shut down.  The rest of=
=20
the year remains strong piggy backing off of the current spot market.=20

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances=
=20
broke out of this trading range this week.  The low trade was around $119.5=
0=20
and the last trade was around $120.50.  The sharp drop in prices was caused=
=20
in large part by the news of Dominion Virginia Power settling the New Sourc=
e=20
Review lawsuit brought against it by the state of NY and the EPA Continuing=
=20
rumors of further NSR related settlements will likely create continued=20
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless=
=20
Energy microturbine products to supply superior on-site energy service to=
=20
U.S. commercial and light industrial customers, announced that Enron North=
=20
America has completed an equity investment in Solo Energy as well as entere=
d=20
into an alliance agreement.

In exchange for warrants to purchase the Company=01,s preferred stock, Enro=
n=20
will assist in obtaining fuel contracts to support the Company=01,s distrib=
uted=20
generation contracts, including the provision of gas and backup electricity=
,=20
and will work with the Company to support its market and gas technology=20
research.=20

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an=
=20
original PR stunt, the EnronCredit.com team organized a Grim Reaper with tw=
o=20
female vampires to distribute candy carrying the message, "Corporate=20
bankruptcies are on the increase and could be your worst nightmare. You can=
=20
protect your company and sleep well at night". Locations for the distributi=
on=20
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general=
=20
feedback and reaction of people was positive. Photos of the event will be=
=20
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Jap=
an=20
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe=
=20
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short=20
kimono - and used ceremonial hammers to break the lid of a wooden cask of=
=20
sake in front of an audience of 350 drawn from major companies and=20
government.  Enron has made an immediate impact already by offering eligibl=
e=20
consumers 3-5 year contracts with immediate savings of up to 10 percent in=
=20
the first year.   View the Japan website at www.enron.co.jp  [No worries,=
=20
it's in Japanese and English ...Ed]

There are 35 Enron employe

20
Estuary is believed to represent one of the first

20
a shipment to a large power utility in Japan will take place


Message-ID: <7770870.1075841084500.JavaMail.evans@thyme>
Date: Tue, 22 Jan 2002 07:22:16 -0800 (PST)
From: m..love@enron.com
To: alove@houston.rr.com
Subject: FW: Enron golf balls-purchase
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Love, Phillip M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PLOVE>
X-To: 'alove@houston.rr.com'
X-cc:
X-bcc:
X-Folder: \ExMerge - Love, Phillip M.\Sent Items
X-Origin: LOVE-P
X-FileName: phillip love 6-25-02.PST

Please send another sleeve of those pinnacle golf balls to the address below as well.  He has paid our paypal account.  Thanks.
PL

 -----Original Message-----
From: 	Ron Bennett <sueron@anv.net>@ENRON
Sent:	Tuesday, January 22, 2002 9:00 AM
To:	Love, Phillip M.; sueron@anv.net
Subject:	Enron golf balls-purchase

$13.50 has been sent to paypal:

Send balls to:

Ron Bennett
Warren-Walker School
2150 Windmill Parkway
Henderson, NV 89074

Please inform me of date and type of shipping.

Ron

"Love, Phillip M." wrote:

> Congratulations on winning the auction on Ebay for the sleeve of Pinnacle Golf Balls.  Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check.  I will mail the balls priority mail as soon as I receive payment.  Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work.  Thanks again and look forward to hearing from you soon.
> PL
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
> **********************************************************************


Message-ID: <9354012.1075845250167.JavaMail.evans@thyme>
Date: Thu, 17 May 2001 20:52:58 -0700 (PDT)
From: 40enron@enron.com
Subject: EnTouch Newsletter
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: ENA Public Relations@ENRON <IMCEANOTES-ENA+20Public+20Relations+40ENRON@ENRON.com>
X-To: All_ENA_EGM_EIM@ENRON <??SAll_ENA_EGM_EIM@ENRON>
X-cc:
X-bcc:
X-Folder: \May, Larry\May, Larry\Inbox
X-Origin: MAY-L
X-FileName: May, Larry.pst

BUSINESS HIGHLIGHTS

Enron Industrial Markets
Enron Industrial Markets announced the signing of definitive agreements with Huntco, Inc. under which over a 15-year period Enron will provide inventory price risk management services and will eventually provide more than 600,000 tons per year of hot-rolled, cold-rolled and galvanized steel products to Huntco Steel.  The agreements provide Enron access to Huntco's network of steel distribution centers nationwide.  The agreements also provide for Enron's acquisition of Huntco's cold rolling and certain coil pickling operations in Blytheville, Arkansas.

These transactions with Huntco have the potential to fundamentally change the way steel is bought and sold in the United States.  It gives Enron immediate access to physical steel and positions Enron geographically to serve the steel industry in a variety of ways.  In addition to providing physical products on both a spot and term basis, EIM's goals for the steel industry include developing commodity risk management products, providing structured finance products and establishing the market-making capabilities that Enron has brought to the natural gas, power and other commodity markets.

Enron North America-Upstream Products
Upstream Products has partnered with Duke Energy Field Services (DEFS) to close a 20-year NGL exchange and transportation deal with Formosa Hydrocarbons and Williams Energy Field Services to handle raw make product from the Williams Markham plant. Formosa Hydrocarbons is building a 40,000 BPD fractionator to handle this and other Gulf Coast NGL production.  The accompanying pipeline will be known as the Seabreeze pipeline system and will be constructed by DEFS. Texas Brine LLC will provide NGL storage services for Formosa Hydrocarbons on this system. Primary production for this system is coming from the Boomvang Nansen field in the deepwater GOM and will be the first deepwater GOM production to come onshore in Texas.
Upstream Products has also worked to arrange a 20-year transportation lease agreement on the Dean Pipeline (owned by TEPPCO) for refinery grade propylene service to be utilized by Formosa Plastics. Coupled with this transaction, Enron Clean Fuels has entered into a propylene storage agreement with Formosa Plastics to utilize ECF's Mt. Belvieu storage facilities.  In addition, Enron Global Markets has been able to amend its current transportation agreement with TEPPCO to prematurely terminate a take-or-pay obligation and realize additional transportation revenues from interim NGL production coming from the Williams Markham to be delivered to Mt. Belvieu.
Upon close, Upstream Products was monetized out of its initial position by DEFS and retained a risk-free net profits position on the Seabreeze Pipeline going forward for an additional 20,000-40,000 BPD of excess capacity on the system.
ENA West Power
Southwest Power, an ENA affiliate, signed a 222MW 15-year tolling agreement with Allegheny Energy Supply for all of the output of Southwest's Las Vegas expansion project, scheduled for completion in September, 2002.  With the tolling agreement done and construction underway, the project will now be marketed to qualified generators.

IN THE NEWS

"To truly understand Enron's Jeffrey Skilling - the hypersmart, hyperconfident chief executive of what may now be the largest energy trading company on the planet - head to your local video store and check out that classic American cinema, Wayne's World.  At 15, Skilling


Message-ID: <32252531.1075852093694.JavaMail.evans@thyme>
Date: Thu, 31 May 2001 22:25:39 -0700 (PDT)
From: 40enron@enron.com
Subject: EnTouch Newsletter
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: ENA Public Relations@ENRON <IMCEANOTES-ENA+20Public+20Relations+40ENRON@ENRON.com>
X-To: All_ENA_EGM_EIM@ENRON
X-cc:
X-bcc:
X-Folder: \BROGERS (Non-Privileged)\Rogers, Benjamin\enron news
X-Origin: ROGERS-B
X-FileName: BROGERS (Non-Privileged).pst

BUSINESS HIGHLIGHTS

Enron Industrial Markets
The Transaction Development group (TD) is responsible for corporate development, transaction execution and portfolio management activities within EIM.  TD is responsible for asset and corporate acquisitions to support EIM's efforts in the Forest Products and Steel industries.  TD works with EIM's Forest Products and Steel Origination groups to structure and execute complex transactions for EIM's customers.  TD also manages EIM's equity investments, such as EIM's ownership position in Papier Masson, Ltee, a paper mill in Quebec, Canada.

TD is comprised of approximately 20 professionals with a wide range of backgrounds including investment banking, commercial banking, management consulting, law, project development, accounting and engineering.  In addition, the majority of the analysts and associates within EIM work in TD since it provides a strong base of deal experience for junior members of our organization.

Enron Freight Markets
Enron Freight Markets has continued to expand the transportation services offered to its customers and completed several flatbed truck moves outbound from Georgia this week.  There was a shortage of flatbed equipment supply in this market and EFM was able to obtain more than three times the normal margin on each move.

IN THE NEWS

"Enron's bilateral internet trading platform, EnronOnline, was launched in November 1999 and is the largest e-commerce site on the planet based on the value of its transactions.  As EPRM went to press, it had average daily trading volume of $3.5 billion, accounting for nearly 50% of the company's revenues from wholesale marketing activities." -- Energy Power Risk Management, May 2001

WELCOME
New Hires
EIM   - Cheryl Lindeman
ENA  - Chris Bystriansky, Paula Craft, Eugene Lee, Bhalachandra Mehendale, Sarah Wooddy

Transfers (to or within)
ENA - Grace Taylor, Steven Irvin, Dina Snow

NUGGETS & NOTES

Enron is hosting the Chicago Energy Risk Management Seminar at The Drake Hotel in Chicago on June 14, 2001.  Topics include: Power Outlook, Natural Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper Risk Management. The RSVP deadline is June 8th so please contact Laura Pena as soon as possible at x 3-5376.  This is a great event for "new" as well as established customers.  There will be a cocktail reception immediately after the presentations.  Enron will also be hosting seminars in Atlanta, Houston, Denver and San Francisco.  Dates to be announced soon.

Travel tip of the week:
Flights reserved through Travel Agency in the Park provide you with $150,000 of flight insurance at no additional charge.

EnronOnline Statistics
Below are the latest figures for EnronOnline as of May 29, 2001.

*	Total Life to Date Transactions >  1,015,000
*	Life to Date Notional Value of Transactions > $610 billion

NEWS FROM THE GLOBAL FLASH

Enron arranges first gas pipeline import into Italy
Enron has continued its pioneering activities in the Continental gas market by arranging the first gas import into Italy.  The Italian team worked with the Continental Gas desk to arrange this strategically important agreement with Blugas SpA., the wholesale gas company formed by the municipalities of Cremona, Lodi, Mantova and Pavia in north-eastern Italy.  Enron has sourced 100,000 cubic metres per day of natural gas from northern Europe to transport to Italy, transiting it through Germany and Switzerland, despite fierce

5 per cent stake in the project
1999 and is the largest


Message-ID: <13559520.1075856571005.JavaMail.evans@thyme>
Date: Thu, 19 Oct 2000 13:25:00 -0700 (PDT)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: Ameriflash Newsletter
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Enron Announcements
X-To: All_ENA_EGM_EIM
X-cc:
X-bcc:
X-Folder: \Vincent_Kaminski_Jun2001_5\Notes Folders\C:\Mangmt\Ene_ect
X-Origin: Kaminski-V
X-FileName: vkamins.nsf

NOTE FROM MARK FREVERT

With the wide and varied activities of our three organizations, we created=
=20
this e-mail newsletter to keep everyone better informed about our various=
=20
businesses.  I hope you find it informative and more importantly, that you=
=20
will use this newsletter to help spread the word about the successes in you=
r=20
group.

To provide content for future e-mails, contact Michelle Vitrella in our=20
Public Relations group via e-mail or call her at ext. 3-9767.  Communicatio=
n=20
is one of the core Enron values and I believe this is a great way to improv=
e=20
communication across our wholesale businesses.

Additionally, I would like to again encourage everyone to take a few minute=
s=20
to complete =01&The Pulse=018 survey.  This annual survey regarding the wor=
k=20
experience at Enron and how we can make it better is an important part of t=
he=20
two-way communication process at Enron.  Please go to the Enron intranet an=
d=20
type survey.enron.com.  It only takes a few minutes, it=01,s confidential a=
nd=20
your comments will help make Enron a better place to work.

BUSINESS HIGHLIGHTS

Natural Gas
Middle Marketing=01,s biggest trade of the year so far occurred this month.=
  The=20
significant transaction was a five year, multimillion dollar restructuring=
=20
with a subsidiary of Formosa Plastics, one of the world=01,s largest produc=
ers=20
of polyvinyl chloride.

Additionally, Continental Airlines, the fifth largest US carrier, has hedge=
d=20
a considerable amount (1.2 million barrels/month) of crude oil.   Winter=20
Nymex hedges were put in place for the undisputed heavyweight chip champ of=
=20
the world, Frito Lay.

Pulp & Paper
With the acquisition of Garden State Paper and launch of Clickpaper.com,=20
Enron is creating an efficient spot physical market for pulp and paper=20
commodities.  Buyers and sellers will benefit from improved price=20
transparency and reliability and access to Enron=01,s online financial mark=
ets.

Improved price transparency and the ability to imbed financial derivatives=
=20
into physical trading flows will facilitate the growth of Enron=01,s tradin=
g=20
business.  To date, Clickpaper.com has traded over 1 millions tons of pulp=
=20
and paper product with a notional value of over $675 million.

Upstream Origination
Upstream Origination, headed by Julie Gomez and Jean Mrha, focuses on natur=
al=20
gas products to optimize commercial value associated with the natural gas=
=20
grid on the continent and in the Gulf of Mexico (GOM).  Through products su=
ch=20
as storage, electric compression and producer services & outsourcing, ENA=
=20
creates value for its customers and reconfigures the natural gas=20
infrastructure to be more efficient.  In addition, Upstream Origination=20
transactions exploit the unique relationship between development of strateg=
ic=20
assets through sophisticated financing structures and the utilization of th=
e=20
market information created by those assets.

=01&THE PULSE=018 SURVEY RESULTS

As of Wednesday, October 18, the total responses to =01&The Pulse=018 from=
=20
ENA/EGM/EIM are 689.  This is approximately 30% of all employees.  Since ou=
r=20
goal is a 100% response rate, we have a long way to go!  Please take a few=
=20
minutes to log on and give Enron your thoughts.  The Pulse is located at=20
survey.enron.com on the Enron intranet page.

If you like competition, here are the results by group:

Commercial - Origination  131
Energy Operations   126
R


Message-ID: <18788334.1075842990723.JavaMail.evans@thyme>
Date: Fri, 6 Oct 2000 03:12:00 -0700 (PDT)
From: jeff.dasovich@enron.com
To: richard.sanders@enron.com
Subject: Re: Revised Draft Proposal to CPUC
Cc: james.steffes@enron.com, mary.hain@enron.com, richard.shapiro@enron.com,
	steven.kean@enron.com, twanda.sweet@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: james.steffes@enron.com, mary.hain@enron.com, richard.shapiro@enron.com,
	steven.kean@enron.com, twanda.sweet@enron.com
X-From: Jeff Dasovich
X-To: Richard B Sanders
X-cc: James D Steffes, Mary Hain, Richard Shapiro, Steven J Kean, Twanda Sweet
X-bcc:
X-Folder: \Jeff_Dasovich_Dec2000\Notes Folders\All documents
X-Origin: DASOVICH-J
X-FileName: jdasovic.nsf

Richard:

Looks good.  One comment:  Under the section "Generating Documents:  Requests
12, 14 and 18,"  I would go with the "option 1" ending to the paragraph
starting with "For Portland General..." and not the "alternate ending."  To
further support this ending (and further bolster the point that PGE is pretty
extraneous to the investigation), we may want to note that PGE currently has
a request in to the OPUC asking for about $135 MM to cover the costs of
increased wholesale purchases.  Paul Kaufman would have details of the
request.

Hope your son's doing well.

Best,
Jeff

	Richard B Sanders@ECT
	10/06/2000 09:16 AM

		 To: Twanda Sweet/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Revised Draft Proposal to CPUC

Please provide your comments asap
----- Forwarded by Richard B Sanders/HOU/ECT on 10/06/2000 09:11 AM -----

	"Fergus, Gary S." <GFergus@brobeck.com>
	10/05/2000 09:33 PM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>,
"'msmith1@enron.com'" <msmith1@enron.com>, "'David_Aamodt@pgn.com'"
<David_Aamodt@pgn.com>, "MBD" <MDay@GMSSR.com>
		 cc:
		 Subject: Revised Draft Proposal to CPUC

PRIVILEGED AND CONFIDENTIAL
ATTORNEY CLIENT PRIVILEGE

DRAFT DRAFT DRAFT

Harvey Morris Esq.
California Public Utilities Commission
505 Public Utilities Commission
San Francisco, California   94102

  Re:   I.00-08-002  Subpoenas Served on Enron Power
Marketing, Inc. ("EPMI"), Enron Energy Services Inc. ("EES"), Enron Energy
Marketing Corporation ("EEMC"), Enron Energy Services Operations Inc. (EESO)
and Portland General Electric Corporation ("Portland General")(collectively
sometimes referred to as the "Enron Entities")

Harvey,

 Here are our proposals with respect to the Enron Entities'
production of documents pursuant to the above described subpoenas issued by
the California Public Utility Commission (hereinafter "the Commission").
The Enron Entities are willing to assist the Commission in undertaking its
investigation into the problems in the California electric markets by
producing a limited quantity of specified information on a timely basis.  We
believe that the limited production we propose will enable the Commission to
commence its investigation much sooner than if the parties were forced to
litigate all of the potential objections to the requests for production,
which are, by any standard, extremely broad and could involve millions of
pages of documents.  We make these proposals pursuant to our email exchange
of October 3, 2000 with the understanding that the Commission agrees that by
cooperating, offering to produce or producing documents, the Enron Entities
have not waived any objections or challenges to these subpoenas whatsoever
and that any claims, defenses, objections, jurisdictional or otherwise or
other responses have been specifically reserved and can be raised in the
future, if necessary.   For all of these proposals, we exclude documents
that are protected from disclosure by the attorney client and attorney work
product privileges.

 [SUBJECT TO VERIFICATION:

7 through 11

 The Enron Entities will produce their public filings for the period
requested with respect


Message-ID: <31066400.1075857876537.JavaMail.evans@thyme>
Date: Wed, 6 Dec 2000 23:38:00 -0800 (PST)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: EnTouch
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Enron Announcements
X-To: All_ENA_EGM_EIM
X-cc:
X-bcc:
X-Folder: \Larry_Campbell_Dec2000\Notes Folders\Notes inbox
X-Origin: Campbell-L
X-FileName: lcampbel.nsf

BUSINESS HIGHLIGHTS

Weather Group

Let=01,s give a big round of applause to the Weather Team!  Environmental=
=20
Finance Magazine ranked the weather group #1 in Online Services and #1 Deal=
er=20
in the United States and Europe.  Gary Taylor, manager in weather trading,=
=20
comments, "The "Best Dealer" award reflects our counterparties' appreciatio=
n=20
for the significant effort we have made to drive the growth of our market b=
y=20
making two-sided markets where other companies are only willing to quote=20
either a bid or an offer.  This award also reflects the innovative nature o=
f=20
everyone on our desk, and their ability to price non-standard structures fo=
r=20
our customers.  It is truly a team award.  The "Best Online Dealer" award i=
s=20
simply another testament to the unparalleled success of EnronOnline.  By=20
providing tight, two-way markets online, we have provided two critical=20
elements to generate growth in our market: 1) an element of price discovery=
,=20
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power=
=20
Demand swaps.  These contracts use power demand as an index and allow power=
=20
market participants (generators, btu distributors, marketers, etc...) to=20
mitigate volumetric exposures.  The first contract the desk offered is for=
=20
the PJM power pool.  On EnronOnline, weekly swaps are available and the des=
k=20
has placed option contracts on this index in the broker market.  Inquiries=
=20
regarding this product should be directed to Claudio Ribeiro (product=20
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new=
=20
intranet product, eSearch, on December 1, 2000.  eSource's team of=20
specialized researchers have created a web site to bring information and=20
research to every employee's desktop.  The eSearch web site offers many lin=
ks=20
to information resources, access to research databases, specialized searche=
s,=20
sites to purchase books, articles, and reports, and training.  Employees ca=
n=20
use the web site to conduct their own research or as a vehicle to submit=20
research requests.  eSource's researchers and industry specialists are=20
available to all Enron business units to provide timely and cost efficient=
=20
research, to work with individuals or groups to fulfill one time research=
=20
requests, or to design ongoing, customized monitoring projects or news=20
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associat=
es=20
to work directly with traders and marketers.  The team is already busy=20
analyzing various commodities and market situations.  For example, an=20
initiative is underway to analyze current negative fractionation spreads in=
=20
the market resulting from rising natural gas prices.  Web sites to host thi=
s=20
analytical information are currently in development for all EGM commodities=
. =20
These sites will provide research and analysis, weather, publications, and=
=20
any other information that will assist in decision-making or identification=
=20
of potential commercial opportunities.  For questions or requests regarding=
=20
fundamental research, contact Jennifer Fraser at x34759.  For questions or=
=20
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsid

20
Elliott Katz worked on the GEM migration in Singapore last


Message-ID: <15835119.1075847799107.JavaMail.evans@thyme>
Date: Thu, 4 Jan 2001 01:46:00 -0800 (PST)
From: maureen.mcvicker@enron.com
To: steven.kean@enron.com
Subject: Microsoft
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Maureen McVicker
X-To: Steven J Kean
X-cc:
X-bcc:
X-Folder: \Steven_Kean_June2001_2\Notes Folders\Archiving\Untitled
X-Origin: KEAN-S
X-FileName: skean.nsf

----- Forwarded by Maureen McVicker/NA/Enron on 01/04/2001 09:46 AM -----

	Ann M Schmidt
	01/04/2001 09:32 AM

		 To: Maureen McVicker/NA/Enron@Enron
		 cc:
		 Subject: Microsoft

Bias Suit Against Microsoft Aims at `Flat' Workplace Hierarchies
By Yochi J. Dreazen and Jess Bravin
Staff Reporters of The Wall Street Journal

01/04/2001
The Wall Street Journal
A10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

The lawyers pursuing a racial discrimination lawsuit against Microsoft Corp.
are gearing up to put merit pay and other cherished tenets of the New Economy
workplace on trial before both a jury and the court of public opinion.
The suit, which was filed yesterday in federal court in Washington, D.C.,
seeks class-action status on behalf of hundreds of current and former black
employees of the Redmond, Wash., software giant. The plaintiffs, a group of
seven current and former Microsoft employees, accuse the company of racial
discrimination with regard to promotions and compensation, and also allege
that Microsoft wrongfully terminated some of its black employees. The suit
asks for at least $5 billion of compensatory and punitive damages.
"They have a plantation-type mentality when it comes to the treatment of
African-American employees at the company," said Willie Gary, the
high-profile plaintiffs' attorney bringing the suit, who also is involved in
a similar case against Coca-Cola Co. "It borders on corporate slavery."
Microsoft Chief Executive Steve Ballmer said he couldn't comment on the
specifics of the suit, but said, "We have a fairly strong track record of not
tolerating discrimination in any of our employment practices."
The 66-page complaint takes issue with otherwise ordinary interactions among
Microsoft employees, in contrast with some recent discrimination suits
against other big corporations that featured accusations of abusive language
toward black employees and of racist office displays, including nooses and
swastikas.
The suit alleges that some of the most widely replicated aspects of a New
Economy workplace -- "flat" corporate hierarchies where workers can bypass
managers and merit pay that isn't tied to an employee's seniority -- allowed
Microsoft to systematically discriminate against its African-American
employees.
The suit amends an existing action filed on behalf of Rahn Jackson, an
eight-year veteran of Microsoft's Washington, D.C., office who had led a team
of employees selling software to the U.S. military. Mr. Jackson claims that
despite receiving solid scores on performance reviews, he repeatedly was
passed over for promotions that went to white employees. Mr. Jackson has
since left Microsoft, and now handles corporate sales for one of the
company's biggest competitors, Sun Microsystems Inc., of Palo Alto, Calif.
The case could foreshadow a wave of similar claims against other
high-technology companies, especially if the sector sheds thousands of
workers amid the slowing economy.
John C. Fox, who heads the employment-law practice at Palo Alto's Fenwick &
West, said his law firm has spent weeks readying layoff plans for Silicon
Valley companies, which are preparing for a major round of cuts slated for
Monday. He declined to name the companies.
But whenever there are layoffs, lawsuits inevitably follow, Mr. Fox said.
"There will be a lot of discrimination claims. You can bet your bottom dollar
on that," he said. He predicted, though, that because there are relatively
few minorities working in Silicon Valley, most discrimin

100 million in initiatives to stimulate interest


Message-ID: <31895158.1075856422250.JavaMail.evans@thyme>
Date: Fri, 13 Apr 2001 15:00:00 -0700 (PDT)
From: vince.kaminski@enron.com
To: vkaminski@aol.com
Subject: EnTouch Newsletter
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Vince J Kaminski
X-To: vkaminski@aol.com
X-cc:
X-bcc:
X-Folder: \Vincent_Kaminski_Jun2001_2\Notes Folders\Discussion threads
X-Origin: Kaminski-V
X-FileName: vkamins.nsf

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001=
=20
10:00 PM ---------------------------
   ENA Public Relations
From: ENA Public Relations@ENRON on 04/13/2001 12:04 AM CDT
Sent by: Enron Announcements@ENRON
To: All_ENA_EGM_EIM
cc: =20
Subject: EnTouch Newsletter

BUSINESS HIGHLIGHTS

Enron Freight Markets
Enron Freight Markets (EFM) launched its over-the-road trucking business th=
is=20
week.  In addition, EFM completed 199 intermodal transactions in the first=
=20
week of April.

ENA West Power
ENA West Power recently closed the sale of two power projects.  The 750MW=
=20
Pastoria Energy Facility in Kern County, California was sold to Calpine and=
=20
the 240MW Fountain Valley Power project in Colorado was sold to Black Hills=
=20
Energy Capital.  Given the power shortage in the West, ENA is developing=20
additional power generation in Nevada, California and Washington.

Enron Industrial Markets
The newsprint group of EIM is working to revolutionize the newsprint market=
=20
and bring financial rigor and market efficiencies to a business that has=20
remained relatively unchanged for more than a century. The global newsprint=
=20
market is a 23 billion dollar a year business with the North American marke=
t=20
comprising one third.  The group's originators, mid-marketers, and financia=
l=20
and physical traders offer our customers numerous financial and physical=20
products not previously available in the market.=20

EIM has made a substantial commitment to this business with the purchase of=
=20
Garden State Paper company last year and the recent purchase of Daishowa=20
Paper in Quebec City. The number of transactions has grown exponentially wi=
th=20
the physical trading alone reaching a nominal trading volume of more than=
=20
$10,000,000 per month in little more than four months since opening.  In=20
addition to physical spot transactions, the desk offers our counterparties=
=20
log-term fixed priced transactions, indexed based pricing, forward contract=
s,=20
swaps, and derivative products.

Forest Products
Forestweb Inc., an Internet-based generator, aggregator and integrator of=
=20
knowledge and information for the forest products industry, announced a new=
=20
window to industry financial and risk management tools available from=20
Clickpaper.com. Clickpaper allows the industry direct access to transactabl=
e=20
prices for both physical and financial products, in an electronic format.

Paperloop.com, one of the leading online resources for the forest products=
=20
industry, announced the addition of Clickpaper.com in their emarketplace,=
=20
which showcases various e-commerce companies and highlights their services.=
=20
Paperloop provides Clickpaper.com exposure to its 250,000+ monthly users in=
=20
the pulp, paper and converting industries.=20

IN THE NEWS

Ken Lay was the cover story for the April 2001 issue of Continental Magazin=
e.=20
 He had positive things to say about his employees.

=01&Sitting in his 50th floor mahogany-paneled office overlooking his=20
much-beloved downtown Houston, Lay, with a self-conscious smile, bows his=
=20
head slightly as he=01,s described as an innovative market maker.  =01+I re=
ally can=01,
t take any credit, he says. My employees are responsible for what Enron=20
does.=01,  What he does best, the Missouri-born corporate icon says, is =01=
+to=20
create an atmosphere of empowerment and creativity and hire bright,=20
innovative people who aren=01,t afraid to take risks and try new


Message-ID: <5570678.1075842633755.JavaMail.evans@thyme>
Date: Fri, 7 Apr 2000 10:46:00 -0700 (PDT)
From: office.chairman@enron.com
To: all.worldwide@enron.com
Subject: Enron Net Works
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Office of the Chairman
X-To: All Enron Worldwide
X-cc:
X-bcc:
X-Folder: \Gerald_Nemec_Dec2000_June2001_1\Notes Folders\Notes inbox
X-Origin: NEMEC-G
X-FileName: gnemec.nsf

It is becoming increasingly clear that the development of eCommerce will ha=
ve=20
a significant and continuing impact on the conduct of business in a broad=
=20
array of industries.  Through EnronOnLine, Enron has quickly become a major=
=20
catalyst for the transition to the web in the gas and electric industries. =
=20
EnronOnLine has been an enormous success since its launch.  Since launch, w=
e=20
have completed 67,043 transactions on line, with a total dollar value of ov=
er=20
$25 billion.  EnronOnLine is now the largest eCommerce site in the world.

We believe that the competitive success of EnronOnLine is due to one very=
=20
specific reason.  In addition to providing a web-based platform for=20
transactions, Enron acts as principal to provide direct liquidity to the=20
site.  We stand ready at all times, in any market conditions, to buy and se=
ll=20
at the posted price.  This converts a =01&bulletin board=018 (the more typi=
cal=20
eCommerce concept) into a true market.  There are very few, if any,=20
competitors that can provide this capability.

We are increasingly convinced that this competitive advantage can be=20
dramatically expanded to other products and other geographies.  If we are=
=20
correct, this could provide an enormous new opportunity for growth for Enro=
n.

Accordingly, we are initiating a major new effort to capture this=20
opportunity.  Effective today we are creating a new business, Enron Net=20
Works, to pursue new market development opportunities in eCommerce across a=
=20
broad range of industries.  It is likely that this business will ultimately=
=20
be our fifth business segment, joining transmission & distribution,=20
wholesale, retail and broadband services.

Included in this business will be our entire IT and technology group along=
=20
with significant talent and resources in market making and finance. =20
Initially, North America will provide primary direct support for staff=20
services and back office, however, over time we will be requesting support=
=20
services from virtually all Enron units to ensure continued growth and=20
success.  To facilitate the combining of commercial capabilities with these=
=20
new eCommerce platforms, Enron Net Works will work closely with the merchan=
t=20
functions of North America, Europe, South America, CALME, Asia and Broadban=
d.

Enron Net Works will be headed by Greg Whalley, Chief Executive Officer; Mi=
ke=20
McConnell, Chief Operating Officer; and Jeff McMahon, Chief Commercial=20
Officer.  These individuals will comprise the Office of the Chairman for=20
Enron Net Works and remain on the Executive Committee of Enron Corp. =20
Replacing Greg Whalley as President and Chief Operating Officer of Enron=20
North America is Dave Delainey, who will also join Enron=01,s Executive=20
Committee.

Global Technology will remain intact but will now be a part of Enron Net=20
Works.  It will maintain all of the same businesses and services as it did =
as=20
an Enron global function.  Philippe Bibi will remain the Chief Technology=
=20
Officer for all of Enron Corp. and continues to be responsible for the=20
development of worldwide technology standards and platforms.

EnronOnLine, headed by Louise Kitchen, will also remain intact and will now=
=20
be a part of Enron Net Works.  The success of EnronOnLine enables us to=20
utilize this site as a model as we explore other markets. In addition, the=
=20
following individuals are included in Enron Net Works along with their=20
current eCommerce

All Enron Worldwide
Office of the Chairman


Message-ID: <11716700.1075857912427.JavaMail.evans@thyme>
Date: Thu, 26 Apr 2001 16:51:00 -0700 (PDT)
From: owner-nyiso_tech_exchange@lists.thebiz.net
To: tie_list_server@nyiso.com
Subject: MOU Pilot Programs
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cking@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Roy,

Thanks for sharing your concerns regarding the MOU pilot programs.  I will
include below a portion of the draft minutes from the April 18th NYISO
Management Committee meeting which discuss the NYISO position on the CIT
project.  Initially, this project was viewed as a "quick hit" which could be
completed swiftly, at minimal cost, and with minimal impact on staff and
ongoing
project work.  Further discussion with PJM reveals that this will not be the
case.

Question on CIT/CSS:

In thinking over the discussions at the BIC meeting I found two areas
related to interactions with PJM where I am a bit confused due to what is
either my misunderstanding, or conflicting information provided by NY and
PJM. I would appreciate it if the NYISO would clarify these items. I will
also make a similar request of PJM.

1) Common interface tool.

My understand from the PJM EMC meeting was that PJM was going basically do
this entirely (or almost entirely) on their own, and just allocate some
costs between NY and PJM. The product as I understood it would be available
to participants of both pools for transactions scheduling. The users would
input to the tool, and NY and PJM would basically get screened/coordinated
input simultaneously in order to accelerate scheduling and minimize checkout
problems etc.

If this was the case, I don't understand the comments at the BIC that NY
wont be able to do this by the summer. Is this a PJM or NY constraint? Is
PJM unable to complete what they offered? I can understand that that would
hold things up as they proposed to do most of the work. However at the PJM
EMC I got the impression that PJM was all set to go, could make the
schedule, and just needed NY agreement. If this is a NY constraint I would
also like to know more about it.

Can you please clarify what is going on here?

Response:

(Reported by Mr. Museler to the MC on 4-18-2001)

1.   There have been recent developments in the NYISO / PJM CIT process.  At
the
present time, no software requirements document has been created, no vendor
contracts have been signed,  and a number of issues, including ensuring the
confidentiality of data, providing redundancy in New York in case the PJM
based
system fails, and liability, all have to be resolved.

When the project was originally proposed, the NYISO believed it could be done
quickly with a limited amount of resources.  This has not proven to be the
case.
Completing this project immediately  would take resources away from other
projects need for Summer 2001 and will have a budget impact of approximately
$1
million.  The NYISO does not believe it would be prudent to allow this project
to come ahead of the Summer 2001 issues, or to proceed without vendor
contracts
in place and other outstanding issues resolved.  The NYISO will continue work
on
the CIT process and will keep the Committees informed of developments.

Question:

2) Inter ISO Congestion Pilot. I was disappointed in the "lukewarm"
presentation that Rick Gonzales made at the BIC. I realize that this program
is very limited in scope, but it seems to me this is a very important
precedent to the future coordination of the ISO's. As we left things it
seems likely that this will die in committee before the summer.

However, I would like a technical explanation of one of things that Rick
said. He commented that one of his discomforts related to a request by PJM
that NY pay for


Message-ID: <29097513.1075857848664.JavaMail.evans@thyme>
Date: Wed, 15 Nov 2000 10:22:00 -0800 (PST)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: Ameriflash Newsletter
Mime-Version: 1.0
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X-cc:
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X-Origin: Campbell-L
X-FileName: lcampbel.nsf

BUSINESS HIGHLIGHTS

Coal Trading
The liquidity in trading of the Standard European Coal Agreement has=20
increased significantly over the last 6 weeks.  Many counterparties that=20
previously opted to stay on the sidelines finally chose to join the game.=
=20
Since the contract's inception at the beginning of the year, Enron has trad=
ed=20
a total of 5.3 million tons against the SECA contract, of which 3.8 million=
=20
tons has been traded via EnronOnline since July 2000.  We are 5.3 million=
=20
tons of a total traded market of 5.8 million tons.

Principal Investments
Tridium Inc., the leading provider of Internet-based automation=20
infrastructure solutions, announced the close of a $20 million round of=20
capital funding. The funds will be used to increase Tridium=01,s sales and=
=20
technical support offices in North America, expand its operations into Euro=
pe=20
and Asia, and enhance its technology and products. kRoad Ventures, L.P. and=
=20
Enron North America each contributed $10 million in venture capital.

Corporate Development
Allegheny Energy Supply Company, LLC, a wholly owned subsidiary of Alleghen=
y=20
Energy, Inc., announced the signing of a definitive agreement under which=
=20
Allegheny Energy Supply will purchase three Enron natural gas-fired merchan=
t=20
generating facilities. The acquisition is expected to close in the 2nd=20
quarter of 2001.

PERFORMANCE REVIEW

The deadline to provide feedback is Friday, November 17.  If you have been=
=20
selected to provide feedback on one of your fellow employees, please take t=
he=20
time to fill out an evaluation online at www.pep.enron.com.

IN THE NEWS

"Enron Corp., already North America's biggest, buyer and seller of natural=
=20
gas and electric power is dead serious about its efforts to capture a big=
=20
slice of the $400 billion global trade in pulp, paper and lumber."
-Reuters News Service

2000 CHAIRMAN=01,S AWARD NOMINEES
Please join us in congratulating the ENA/EIM/EGM/ employees who have been=
=20
recognized as Chairman=01,s award nominees.

Congratulations to:

 Irma Alvarez  Alan Aronowitz  Rick Bergseiker  Carol Coats  Joya Davis =20
Rufino Durante
 Sue Foust  Julie Gomez  Barbara Gray  Jackie Griffith  John Harrison  Gerr=
i=20
Irvine
 Kathy Benedict  Michael Kelley  Mike McConnell  Dave Nommensen Ina Norman =
=20
Juan Padron
 Veronica Parra  Michael Roberts  Rhonda Robinson Kevin Sweeney  Helen=20
Taylor  Stacey White

Extra kudos to BARBARA GRAY, who is a finalist for the 2000 Chairman=01,s=
=20
Award.  Barbara and ten other individuals are flying to San Antonio from=20
around the world to be honored at Enron=01,s annual Management Conference. =
 One=20
of these finalists will be recognized as the 2000 Chairman=01,s Award winne=
r.=20

WELCOME
New Hires ENA/EIM/EGM
ENA =01) Anil Chandy, Alejandra Chavez
EGM =01) Marty Cates, JoAnne Underwood, Brad Miller

Transfers to ENA/EIM/EGM
ENA =01) Mark Wadlington, Jennifer Blay-Smith, Georgian Landau, Kathryn Bus=
sell,=20
John Coleman, Steven Gillespie, Clarissa Garcia, Ina Rangel, Farouk Lalji,=
=20
Eva Rainer, Chuchu Wang, Smith Day
EGM =01) Gloria Solis, Carmella Jones, Nancy Haralson

LEGAL STUFF
The information contained in this newsletter is confidential and proprietar=
y=20
to Enron Corp. and its subsidiaries.  It is intended for internal use only=
=20
and should not be disclosed outside of Enron.


Message-ID: <28041184.1075852559483.JavaMail.evans@thyme>
Date: Wed, 24 Oct 2001 05:06:18 -0700 (PDT)
From: people@venturewire.com
To: jdasovic@enron.com
Subject: VentureWire People, Wednesday, October 24, 2001
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 	 high-tech management news <http://people.venturewire.com/>
Published by Technologic Partners <http://www.technologicpartners.com>
EXECUTIVE CHANGES FOR Wednesday, October 24, 2001
	EXECUTIVE SEARCHES
* VP OF SALES-SF BAY AREA
* MANAGING DIRECTOR-DENVER, CO
* GENERAL PARTNER-SAN DIEGO

         CEO HIRES
      ceo watch <http://people.venturewire.com/ceowatch.asp>

SERVICES
* VentureWire index <http://alert.venturewire.com/index.asp>

LINKS
* sponsor VentureWire people <http://people.venturewire.com/adv.asp>
* place a classified ad <http://people.venturewire.com/specs.asp>
* refer VentureWire <http://venturewire.gazooba.com/cid3723/tellafriend.html>
* send news, tips, releases to vwpeople@venturewire.com <mailto:vwpeople@venturewire.com>
* FAQ <http://people.venturewire.com/help.asp>

YOUR ACCOUNT
* change e-mail <http://people.venturewire.com/account.asp>
* cancel VentureWire people <http://people.venturewire.com/account.asp>
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* this newsletter
  mailed to you at:
jdasovic@ENRON.COM

SERVICES
* VentureWire index <http://venturewire.com/index.asp>

UPCOMING EVENTS
* Outlook Conferences <http://www.tpsite.com/tp/conf/default.html>
Venture Capital community and industry executives come together!
PERVASIVECOMPUTINGOUTLOOK <http://www.pervasivecomputingoutlook.com>
San Francisco Airport Marriott, Burlingame, CA
December 3 & 4, 2001

TOP MANAGEMENT
* Electronic Delivery Firm PostX Names Seashols as CEO
* MusicNet Appoints Alan McGlade as First President and CEO
* Dorado Names President, CEO, and Chairman
* Eisenworld Names Zee Aganovic CEO and President
* CustomerLink Names Walt Samuelson as Pres & CEO
* Entertainment Tech Firm Trilogy Adds Ex-nVision Chief as CEO

VC PERSONNEL
* HarbourVest Partners Promotes Eight Investment Members
* IVP Names Managing Director, Principal for $225M IVP X
* Terry Garnett Rejoins Venrock Associates as General Partner
* DB Capital Names Charles Flynn as Head of Fund Investing
* Boston Millennia Names Robert Mashal Life Science Partner
* Brentwood Associates Names Tom Davin as Operating Partner

MARKETING & SALES
* PhotonEx Adds VP of Sales, Promotes VP, Global Solutions
* Vericept Adds iPlanet Exec Jeff Carr as VP of Sales
* FirstRain Expands Management Team

OPERATIONS
* Yantra Adds Jeffrey Murphy as SVP, North American Operations
* Pihana Pacific Names Vincent Madsen as VP of Operations

FINANCE
* Iridium Satellite Names Christopher Rowe CFO

TECHNOLOGY
* Orbis Online Names Mike Dillard CIO
* UGO Networks Names Robert Iadanza CTO

OTHER
* Broadband Firm MegaPath Networks Adds Two to Team
* College Publisher Names Two New Executives

VW PEOPLE CORRECTIONS
* Apexon
* Anark

TOP MANAGEMENT

* Electronic Delivery Firm PostX Names Seashols as CEO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QHHLHJNMII>
CUPERTINO, CALIF. -- PostX, a provider of electronic delivery of confidential documents to desktops, said it appointed Mike Seashols as CEO and president.

Mr. Seashols has replaced founder R.C. Venkatraman, who has become chief strategy officer.

Mr Seashols has previously served as chief executive of Documentum, Evolve, and Versant and a senior sales and marketing executive at companies including Oracle, Ingres, and IBM.

PostX has received funding from Mayfield Fund and Alloy Ventures.
<http://www.postx.com>

* MusicNet Appoints Alan McGlade as First President and CEO	top   mail <htt

10 employees and will double its staff by the end of first


Message-ID: <20393211.1075859050631.JavaMail.evans@thyme>
Date: Fri, 2 Mar 2001 05:35:11 -0800 (PST)
From: rod.hayslett@enron.com
To: tracy.geaccone@enron.com
Subject: FW: Deal Summary with ECOutlook
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X-From: Hayslett, Rod </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RHAYSLE>
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	FYI

 -----Original Message-----
From: 	Hotte, Steve
Sent:	Wednesday, February 28, 2001 4:07 PM
To:	White, Julia; Hayslett, Rod; Jaquet, Tammy; Nacey, Sheila
Cc:	Barnes, Caroline; Behrens, Alan; Brady, Andy; Ferguson, Mark; Gigliotti, Mark; Herron, D J; Houser, Rita; Joanne Bisbee; Kedwaii, Hasan; Kenagy, Gary; Koh, Wendy; Lewis, Greg; Licciardo, Jeanne; Martinez, Bob; Mayer, Tony; Puetz, Fred; Rahn, Nick; Rich, Sue; Sawyer, Lisa; Smith, Chris A.; Strader, Kelly; Sullivan, Michael; Tombaugh, Elaine; Zhou, Joe
Subject:	FW: Deal Summary with ECOutlook
Sensitivity:	Confidential

fyi.

 -----Original Message-----
From: 	Yanowski, Tommy J.
Sent:	Tuesday, February 20, 2001 9:27 AM
To:	Perlman, Beth; Hotte, Steve; Rub, Jenny; McAuliffe, Bob; Gros, Thomas D.; Burchfield, Richard; Johnson, Jeff; Stock, Stephen; Hanz, Chris; Bruce, Dan; Webb, Jay; Pavetto, John; Piper, Greg
Cc:	Bibi, Philippe A.; Ripley, Brian
Subject:	Deal Summary with ECOutlook

Sale of Enron's EDI IP to ECOutlook
Last week Enron sold to ECOutlook it's intellectual property related to it's current EDI Hub for $3,000,000 and a 5 year warrant to purchase 500,000 shares of ECOutlook stock at $2.25 per share.  Enron through a separate investment in ECOutlook in 2000 currently owns 6% of the company.  Once Enron executes the warrant we would own a total of 7% of the company.  ECOutlook's current customer list includes Bausch & Lomb, Bristol-Meyers, Ciba-Vision, BASF, Dupont, Equistar/Lyondell, Perseco(McDonalds), Sun Microsystems, SYSCO, Pentacon and others.

Enron's EDI Hub currently processes the following types of transactions:

Products     Internal C/P's	External	    Documents
Gas	5	69	Nominations	Schedule Quantities
			Quick Response	Capacity
				Meter Statements
				Imbalance

Electric	4	20	Enrollments	Meter Info
			Terminations	Usage
			Switch Notice	Payments
			Rate Confirmation
			Invoices
			Billing
			Purchase Order

Financial	8	20	Checks	Acknowledgements
			Direct Deposits	Utility Invoices
			Advices	Consolidated Billing
			Issuances
			Financial Report
			Wire Transfers
The existing IP related to these types of transactions is now owned by ECPower and they will have the right to market it to other customers.

Enron has also entered into a five-year O&M agreement and will transition the operations of it's EDI Hub from ECPower to ECOutlook over the next six-months.  The O&M rates are flat to our deal with ECPower.

Enron also paid $100,000 to purchase a license to ECOutlook's B2B connectivity software called SDI Server.  We are looking at ways to use this software to assist data transformation efforts between EIM, EGM and their trading partners.

Attached are the Asset Purchase, EDI O&M and EDI License Agreements for your review.  Please let me know if you have any questions.  -  Tommy