Message-ID: <20559426.1075853138470.JavaMail.evans@thyme>
Date: Fri, 25 May 2001 17:07:00 -0700 (PDT)
From: amurray@llgm.com
To: cynthia.barrow@enron.com, michelle.cash@enron.com, lfaucheaux@gspcorp.com
Subject: revised fee schedule in parts
Cc: david.howe@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: david.howe@enron.com
X-From: ANN MURRAY  <AMURRAY@LLGM.COM>
X-To: Cynthia.Barrow <Cynthia.Barrow@enron.com>, Michelle.Cash <Michelle.Cash@enron.com>, lfaucheaux <lfaucheaux@gspcorp.com>
X-cc: David.Howe <David.Howe@enron.com>
X-bcc:
X-Folder: \MCASH (Non-Privileged)\Cash, Michelle\Garden State Paper
X-Origin: Cash-M
X-FileName: MCASH (Non-Privileged).pst

Louis, Michelle, and Cynthia,

Attached in Word is PIC's revised Administration Agreement and Trust Accounting Agreement for your review.  The Administration Agreement states that PIC will provide third party administration and actuarial services to the Plan, including calculation of contributions, preparation of disclosures and annual reports, maintenance of day-to-day records, and enrollment and termination of participants.  The Trust Accounting Agreement states that PIC will handle the trust accounting for the Plan (please let us know if Enron prefers to use someone else for this task).

PIC has agreed to waive any charges for the GUST restatement of the Plan, which will be taking place later this year.

Note the following basic administration charges:

Initially:
$1,000 analysis, design, and consulting
$1,000 plan document & SPD
$   175 IRS submission fee (for volume submitter document)

Ongoing:
$1,200 annual administration
plus $25 per participant

Additional charges will apply, including nondiscrimination testing and actuarial computations at $150/hour.

If the agreements meet with your approval, GSP's HR Manager has already been authorized to sign any necessary documents.  Therefore, Louis should sign where indicated and return the originals to Kevin Glueck, Pension Investors Corporation, 3939 Hollywood Blvd., Suite 1A, Hollywood, FL 33021, along with a retainer of $2,000 for the initial design and plan document fees.  Please provide copies to us.

Please let us know if you have questions, or you may contact Kevin Glueck at PIC directly at 954-986-8688 ext. 210.

Thanks,
Ann

_______________________________
Ann E. Murray
LeBoeuf, Lamb, Greene & MacRae
50 N. Laura St. Suite 2800
Jacksonville, FL 32202
Telephone:    (904) 630-5336
Fax:   (904) 353-1673
E-mail:   amurray@llgm.com
_______________________________

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================
 - 3S1201!.DOC


Message-ID: <1049221.1075856229816.JavaMail.evans@thyme>
Date: Fri, 19 Jan 2001 09:24:00 -0800 (PST)
From: vince.kaminski@enron.com
To: vkaminski@aol.com
Subject: Collaborative Effort
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Vince J Kaminski
X-To: vkaminski@aol.com
X-cc:
X-bcc:
X-Folder: \Vincent_Kaminski_Jun2001_1\Notes Folders\All documents
X-Origin: Kaminski-V
X-FileName: vkamins.nsf

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
05:27 PM ---------------------------

Al Arfsten <arfsten@bflassociates.com> on 01/16/2001 03:12:48 PM
To: vkamins@enron.com
cc:
Subject: Collaborative Effort

Vince:  I am very enthusiastic about your interest and possible
contributions towards a 22nd Century human blood system.  I have
attached a letter that discusses the endeavor.  Please note that it has
a built-in automatic release in the event you need to terminate.  It has
a confidentiality statement as well.  If it is acceptable, please sign
it and fax it back to me at 713 965 2114 at your earliest convenience.
Al Arfsten

 - Kaminski Acceptance  011601.doc


Message-ID: <30830943.1075852273673.JavaMail.evans@thyme>
Date: Thu, 25 Oct 2001 13:06:59 -0700 (PDT)
From: earthur@hupk.com
To: elizabeth.sager@enron.com
Subject: Estate of Joan Sager
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Ellen Arthur <EArthur@hupk.com>@ENRON
X-To: Sager, Elizabeth </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ESAGER>
X-cc:
X-bcc:
X-Folder: \ESAGER (Non-Privileged)\Inbox
X-Origin: SAGER-E
X-FileName: ESAGER (Non-Privileged).pst

Elizabeth:
Now that the Federal Estate Tax Return has been filed, you should think about making a substantial distribution from the Trust to the individual trust accounts for you and your siblings.  Some funds should be held back in case of an audit of the Return.  I think $100,000 would be a safe number to keep in the account.
I called the Virginia attorney and left a message for him.  I hope he has gotten the Estate opened by now.
How have you progressed with getting the IRA distributed.  Please give me an update.
Ellen H. Arthur
Hodes, Ulman, Pessin & Katz, PA
901 Dulaney Valley Road, Suite 400
Towson, MD 21204
(410)769-6146
NOTICE: The information contained in this electronic mail transmission is intended by Hodes, Ulman, Pessin & Katz, P.A. for the use of the named individual or entity to which it is directed and may contain information that is privileged or otherwise confidential.  It is not intended for transmission to, or receipt by, anyone other than the named addressee (or a person authorized to deliver it to the named addressee).  It should not be copied or forwarded to any unauthorized persons.  If you have received this electronic mail transmission in error, please delete it from your system without copying or forwarding it, and notify the sender of the error by reply email or by calling Hodes, Ulman, Pessin & Katz, P.A. at (410) 938-8800 or 1-800-276-0806 so that our address record can be corrected.

0806 so that our address record
901 Dulaney Valley Road, Suite 400


Message-ID: <21741335.1075862458741.JavaMail.evans@thyme>
Date: Tue, 27 Nov 2001 11:29:05 -0800 (PST)
From: j.kaminski@enron.com
To: donald@rice.edu
Subject: RE: Interest in Quantative Finance
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Kaminski, Vince J </O=ENRON/OU=NA/CN=RECIPIENTS/CN=VKAMINS>
X-To: '"Donald C. Williams" <donald@rice.edu>@ENRON'
X-cc:
X-bcc:
X-Folder: \VKAMINS (Non-Privileged)\Kaminski, Vince J\Sent Items
X-Origin: Kaminski-V
X-FileName: VKAMINS (Non-Privileged).pst

Donald,

Thanks for your interest in Enron. I shall be glad to talk to you
about the energy industry needs for quants and what you can
do to prepare yourself for the job search.
Please, call me at 713 853 3848 to set up a meeting
or call my assistant, Shirley Crenshaw, at 713 853 5290.

The prospects for employment with Enron, in your field, are rather uncertain
at this point. I do not anticipate any hiring over the next 12 months.

Vince Kaminski

 -----Original Message-----
From: 	"Donald C. Williams" <donald@rice.edu>@ENRON
Sent:	Thursday, November 15, 2001 9:11 PM
To:	Kaminski, Vince J
Cc:	donald@rice.edu
Subject:	Re: Interest in Quantative Finance

Hello Vince,

I would like to reiterate my interest in meeting with you to gain a better idea of the type of work conducted within your group at Enron.  This would provide me with an opportunity to see if the activities within your group fit with my expectations.  Additionally, I could expound on my interest and work concerning numerical methods for pricing and hedging derivative securities.  A formal interview could be established at a later date.  For your reference, I've attached a copy of my resume.

Thanks for your time and consideration.

Sincerely,
-donald

Vince.J.Kaminski@enron.com wrote:

> Donald,
>
> Thanks for your mesage.
> We shall invite you for an interview
> in a few weeks.
>
> Vince
>
>     -----Original Message-----
>    From:   "Donald C. Williams" <donald@rice.edu>@ENRON
>              [mailto:IMCEANOTES-+22Donald+20C+2E+20Williams+22+20+3Cdonald+40rice+2Eedu+3E+40ENRON@ENRON.com]
>
>    Sent:   Monday, September 24, 2001 2:03 PM
>    To:     Kaminski, Vince J
>    Cc:     donald@rice.edu
>    Subject:  Interest in Quantative Finance
>
>    Hello Mr. Kaminski,
>
>    I acquired your name as a potential contact person in the research group
>    at Enron from Lexi Elliott (Enron recruiter) during a recent Enron
>    presentation for Rice students.  I am very interested in numerical
>    methods for pricing and hedging derivative securities.  Currently, I am
>    working to complete my Ph.D. in applied mathematics at Rice University
>    with a research focus on optimization methods for American option
>    valuation under stochastic volatility.
>
>    If possible, I would like to meet with you and discuss my interest as
>    well as the type of work that your group does at Enron.  At present I'm
>    trying to establish a career path for myself once I've completed my
>    degree.  For your reference, Jennifer Cronin (Enron Corp Recruiter) has
>    a copy of my resume.
>
>    Thank you for your time and consideration.
>
>    Sincerely,
>    -donald
>    ----------------------
>    Donald C. Williams
>    Rice University
>    Department of Computational
>      and Applied Mathematics
>    6100 Main Street, MS-134
>    Houston, TX 77005-1892
>    phone:  713-348-2859
>    email:  donald@rice.edu
>
> **********************************************************************
> 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 th


Message-ID: <4871438.1075840784452.JavaMail.evans@thyme>
Date: Wed, 19 Dec 2001 18:12:11 -0800 (PST)
From: vkaminski@aol.com
To: dcohen@wilmer.com
Subject: Raptors
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: VKaminski@aol.com@ENRON
X-To: dcohen@wilmer.com
X-cc: srosen@wilmer.com, Bharati, Rakesh </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RBHARATI>, Vasant.Shanhogue@enron.com, VKaminski@aol.com, vkamins@enron.com
X-bcc:
X-Folder: \vkamins\Inbox
X-Origin: KAMINSKI-V
X-FileName: vincent kaminski 1-30-02.pst

David,
I am forwarding to you, as promised, the text of the 10/04/2001  message to Ryan Siurek regarding Raptor valuations. The message is stored on my PC at home. It disappeared from my mailbox on the Enron system.
Vince Kaminski
*******************************************************************************
Subj:   FW: LJM/Raptor valuations
Date:   10/4/01 8:30:17 AM Central Daylight Time
From:    Vince.J.Kaminski@ENRON.com (Kaminski, Vince J)
To:    vkaminski@aol.com

>  -----Original Message-----
> From:   Kaminski, Vince J
> Sent:    Thursday, October 04, 2001 8:28 AM
> To:    Siurek, Ryan
> Cc:    Kaminski, Vince J; Buy, Rick; Port, David
> Subject:    LJM/Raptor valuations
>
> Ryan,
>
> In the follow up to the meeting we had on Wednesday I would like
> to reinforce one point I made. I feel strongly that I cannot support
> the valuations my group has produced so far for the LJM/Raptor
> related transactions without examination of all the related legal
> documents.
>
> I feel that we did solid work based on verbal information,  but I
> cannot
> guarantee the quality of the final product without looking at the
> contracts.
> These transactions are too complex and controversial to bypass due
> diligence requirements
> that you would expect from any professional.
>
> Vince Kaminski
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************
----------------------- Headers --------------------------------
Return-Path: <Vince.J.Kaminski@enron.com>
Received: from  rly-yc05.mx.aol.com (rly-yc05.mail.aol.com [172.18.149.37]) by air-yc04.mail.aol.com (v80.17) with ESMTP id MAILINYC44-1004093017; Thu, 04 Oct 2001 09:30:17 2000
Received: from  postmaster.enron.com (outbound5.enron.com [192.152.140.9]) by rly-yc05.mx.aol.com (v80.21) with ESMTP id MAILRELAYINYC51-1004093003; Thu, 04 Oct 2001 09:30:03 -0400
Received: from corp.enron.com (nahou-msmsw03p.corp.enron.com [192.168.110.110])
   by postmaster.enron.com (8.10.1/8.10.1/external_corp-1.08) with ESMTP id f94DU2302305
   for <vkaminski@aol.com>; Thu, 4 Oct 2001 08:30:02 -0500 (CDT)
Received: from nahou-mscnx04p.corp.enron.com (unverified) by corp.enron.com
(Content Technologies SMTPRS 4.2.1) with SMTP id <T56633e1d36c0a86e6e7b0@corp.enron.com> for <vkaminski@aol.com>;
Thu, 4 Oct 2001 08:30:02 -0500
Received: from NAHOU-MSMBX03V.corp.enron.com ([192.168.110.40]) by nahou-mscnx04p.corp.enron.com with Microsoft SMTPSVC(5.0.2195.2966);
   Thu, 4 Oct 2001 08:30:02 -0500
content-class: urn


Message-ID: <31205.1075845900942.JavaMail.evans@thyme>
Date: Mon, 4 Jun 2001 01:47:00 -0700 (PDT)
From: steven.krimsky@enron.com
To: ben.jacoby@enron.com, kay.mann@enron.com
Subject: FW: Reminder - Conference call this morning at 10:30 a.m. EST
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Steven Krimsky
X-To: Ben Jacoby, Kay Mann
X-cc:
X-bcc:
X-Folder: \Kay_Mann_June2001_3\Notes Folders\Notes inbox
X-Origin: MANN-K
X-FileName: kmann.nsf

=01;

-----Original Message-----=20
From: MedleyB@gtlaw.com@ENRON=20
Sent: Mon 6/4/2001 8:17 AM=20
To: Krimsky, Steven=20
Cc:=20
Subject: FW: Reminder - Conference call this morning at 10:30 a.m. EST

> 1-888-385-5669; host #7688234

>

> Rebecca C. Medley

> (954) 768-8230

> Assistant to Debbie M. Orshefsky

> and Frank Schnidman

>

>

>

_______________________________________________________________

The information contained in this transmission may contain

privileged and confidential information.=01; It is intended only

for the use of the person(s) named above. If you are not the

intended recipient,=01; you are hereby notified that any review,

dissemination, distribution or duplication of this

communication is strictly prohibited. If you are not the

intended recipient, please contact the sender by reply email

and destroy all copies of the original message.

To reply to our email administrator directly, please send an

email to postmaster@gtlaw.com.


Message-ID: <16271379.1075843447970.JavaMail.evans@thyme>
Date: Thu, 26 Apr 2001 08:44:00 -0700 (PDT)
From: cvavrek@deloitte.com
To: anil.sama@intel.com, mark_guinney@watsonwyatt.com, jeff.dasovich@enron.com
Subject: RE: Here it is...
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Vavrek, Carolyn (US - San Francisco)" <cvavrek@deloitte.com>
X-To: "Sama, Anil" <anil.sama@intel.com>, "'Guinney, Mark'" <Mark_Guinney@WatsonWyatt.com>, "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
X-cc:
X-bcc:
X-Folder: \Jeff_Dasovich_June2001\Notes Folders\All documents
X-Origin: DASOVICH-J
X-FileName: jdasovic.nsf

Looks great to me (although the slide animation did not work on my machine
so I can't comment on that)!

If we are all in agreement, someone needs to e-mail Sarah a copy and print
one out for her.  Can you do that Anil once you get an okay from Jeff and
Mark?  Thanks for all the hard work.

See everyone around 5:30pm in Jimmy Bean's.
- cv

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

-----Original Message-----
From: Sama, Anil [mailto:anil.sama@intel.com]
Sent: Thursday, April 26, 2001 11:41 AM
To: 'Carolyn Vavrek'; 'Guinney, Mark'; 'Jeff.Dasovich@enron.com'
Subject: Here it is...

Hi Team,

Here's the final cut.

I added hyperlinks to DCF sheets in backup as well as to
trading comps and deal comps in the backup. And animation
for slide turns.

Also, be sure to preview the 3-legged stool slide I added
after valuations in slide presentation mode with sound
enabled... Totally OK to remove it if any of you don't like
it...

<<E222_Mark_Quaker_presentation1.ZIP>>

Any Qs, call me on my cell: 916 600 1245.

-Anil

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.

Sama, Anil
Vavrek, Carolyn (US - San Francisco)


Message-ID: <999171.1075845837386.JavaMail.evans@thyme>
Date: Fri, 20 Apr 2001 06:24:00 -0700 (PDT)
From: kay.mann@enron.com
To: gregg.penman@enron.com
Subject: RE: Confidentiaility Agreements regarding enovate
Cc: kathleen.carnahan@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: kathleen.carnahan@enron.com
X-From: Kay Mann
X-To: Gregg Penman
X-cc: Kathleen Carnahan
X-bcc:
X-Folder: \Kay_Mann_June2001_2\Notes Folders\Discussion threads
X-Origin: MANN-K
X-FileName: kmann.nsf

I have my CA expert (Kathleen Carnahan) is working on it now.

Kay

From: Gregg Penman on 04/20/2001 09:48 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Confidentiaility Agreements regarding enovate

Kay - where does this stand?  Enron accounting was notified on Wednesday that
the audit would be taking place.  We need this in place prior to the start of
the audit.

Also, what about the individual CA's.

Thanks - Gregg
----- Forwarded by Gregg Penman/Corp/Enron on 04/20/2001 09:47 AM -----

	j.nassos@pecorp.com
	04/17/2001 07:12 PM

		 To: Kay.Mann@enron.com
		 cc: Gregg.Penman@enron.com, j.pokorny@pecorp.com, b.kowalski@pecorp.com,
f.jacobsen@pecorp.com
		 Subject: RE: Confidentiaility Agreements regarding enovate

Hi Kay -

You may recall that back in February, we almost finalized two
confidentiality agreements related to enovate L.L.C. activities.  Our
auditors will be sending to enovate shortly a letter indicating they would
like to review various books and records of enovate and ENA as its
activities relate to enovate.  In connection with the review, we need to
finalize those confidentiality agreements.

I have made the change you requested in the attached e-mail to both of the
agreements (PEC and enovate) and have attached below an execution copy of
the agreements for ENA to date and send to PEC and enovate for siganture.
Assuming the attached copies are acceptable, please have ENA sign two
originals of each agreement and send them to me.  I'll arrange for Bill
Morrow to sign the PEC agreement and work with Greg Penmen to have enovate
sign the other agreement.

If you have any questions, please call.  Thanks for your assistance.

John G. Nassos
Asst. General Counsel
Peoples Energy Corporation
130 East Randolph Drive
Chicago, IL 60601
Tel (312) 240-4413
Fax (312) 240-4486
j.nassos@pecorp.com

 <<Conf Ag enovate - ENA (evaluation of enovate) exec.doc>>  <<Conf Ag
Peoples Energy Corp. - ENA (evaluation of enovate) exec.doc>>

> ----------
> From:  Kay.Mann@enron.com[SMTP:Kay.Mann@enron.com]
> Sent:  Thursday, February 08, 2001 3:42 PM
> To:  j.nassos@pecorp.com
> Cc:  Gregg.Penman@enron.com
> Subject:  Re: Confidentiaility Agreements regarding enovate
>
>
> Hi John,
>
> The enovate version looks fine.  I suggest this change to the Peoples
> version:
>
> iv)  is  required to be disclosed to comply with any applicable law,
> order,
>      regulation  or ruling or to enforce enovate's or PMW's rights in
> court
>      or  in  an  arbitration  proceeding  in  connection  with  the
> Limited
>      Liability  Company  Agreement  of  envoate  dated  April  26, 2000,
> as
>      amended,  modified,  and  supplemented  from  time  to  time (the
> "LLC
>      Agreement").  If  PEC  is  requested  or  required  (by oral
> question,
>      interrogatories,  requests  for  information  or  documents,
> subpoena,
>      civil  investigative  demand  or  similar  process)  to  disclose
> any
>      Confidential Information, PEC will promptly notify ENA of such
> request
>      or requirement so that ENA may seek an appropriate protective order
> or
>      waiver  in  compliance  with provisions of this Agreement.  If PEC
> and
>      ENA  are  both  parties  to  the  proceeding,  PEC  will  agree  to
> an
>      appropriate protective order.
>
>
>
> Thanks,
>
>
>
> Kay
>
>
>
>
>

----------------------------------------------------------------
The information transmitted is intended only f


Message-ID: <10848301.1075853190061.JavaMail.evans@thyme>
Date: Sun, 29 Oct 2000 01:25:00 -0800 (PST)
From: richard.sanders@enron.com
To: gmarkel@brobeck.com
Subject: FW: FirstWorld Document Preservation Memorandum
Cc: bonnie.white@enron.com, linda.guinn@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: bonnie.white@enron.com, linda.guinn@enron.com
X-From: Richard B Sanders
X-To: GMarkel@brobeck.com
X-cc: Bonnie White, Linda R Guinn
X-bcc:
X-Folder: \Richard_Sanders_Oct2001\Notes Folders\All documents
X-Origin: Sanders-R
X-FileName: rsanders.nsf

Bonnie white, an Enron inhouse litigator, and my paralegal, Linda Guinn, Will
gather the requested documents. Linda--713-853-6104, Bonnie---713-853-7244
----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 09:22 AM -----

	Richard B Sanders
	10/29/2000 09:22 AM

		 To: Bonnie White/Corp/Enron@ENRON, Linda R Guinn/HOU/ECT@ECT
		 cc:
		 Subject: FW: FirstWorld Document Preservation Memorandum

Bonnie-- If you have not already done so, we should gather our documents
Linda-- Please coordinate this effort
----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 09:20 AM -----

	"Markel, Gregory A." <GMarkel@brobeck.com>
	10/27/2000 02:45 PM

		 To: "'richard.b.sanders@enron.com'" <richard.b.sanders@enron.com>, "Setton,
Ronit" <RSetton@brobeck.com>, "Markel, Gregory A." <GMarkel@brobeck.com>
		 cc:
		 Subject: FW: FirstWorld Document Preservation Memorandum

See below for categories of documents to be preserved.

Greg Markel
Brobeck Phleger & Harrison
1633 Broadway
New York, New York  10019
212-237-2592
Fax -212-586-7878
gmarkel@brobeck.com

-----Original Message-----
From: Setton, Ronit
Sent: Friday, October 27, 2000 11:53 AM
To: Markel, Gregory A.
Cc: Gugliucci, Patricia
Subject: FirstWorld Document Preservation Memorandum

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com

 - 42CG01!.DOC


Message-ID: <20880751.1075860043978.JavaMail.evans@thyme>
Date: Fri, 25 Feb 2000 09:17:00 -0800 (PST)
From: shari.stack@enron.com
To: paul.simons@enron.com
Subject: Enron Online - Credit Derivatives
Cc: edmund.cooper@enron.com, mark.taylor@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: edmund.cooper@enron.com, mark.taylor@enron.com
X-From: Shari Stack
X-To: Paul Simons
X-cc: Edmund Cooper, Mark Taylor
X-bcc:
X-Folder: \Mark_Taylor _Dec_2000\Notes Folders\Online trading\Credit derivatives
X-Origin: Taylor-M
X-FileName: mtaylor.nsf

Paul,

Mark T. asked me to have a look at the GTC's you prepared for Credit
Derivatives in the USA. I think you did a great job on the GTC's and have
just a few  suggestions/comments/questions:

1. Would it not be easier for the Counterparty to understand the document if
the Definitions were in Section 1? Failing that, it would be helpful to
indicate upfront that there is a glossary of Defined Terms at the end of the
document.

2. I agree with Mark that we would expect for a signed Confirmation to
control over the GTC's (and/or ETA). Section 1 is inconsistent with this idea.

3. Section 2(d)(iii): I wonder why we are making the Trade Option rep. here.
I would not have thought that a Credit Option could be considered a
"commodity derivative". Put another way - does Sullivan and Cromwell really
think that the CFTC has jurisdiction over credit products? I would have
thought credit products are more similar to an OTC equity derivative. I
wonder if they have considered any potential SEC issues.

4. Section 2 - under the BOLDED WARNINGS, (C) regarding "... Enron ceasing to
provide quotations".  This seems inconsistent with  the opening paragraph
which says that  this website should not be construed as an offer by Enron to
buy or sell. If that is the case, why is Enron providing quotations? Seems to
me that if one is offering a quotation, one is offering the price at which
one will buy or sell.

Also, I would recommend to clarify the last sentence in (C)  by adding at the
end of "credit products", both times it appears, the words "with Enron".
There is nothing to stop the Counterparty from entering into new credit
products with third parties but the current wording could be taken to imply
this.

5. Section 4 "Events of Default": In the 8th Line, after the word "Party", I
would insert "to comply with".

6. Remedies: Was it a conscious decision to give the Defaulting Party Five
Business Days to pay the amount it owes but give Non-Defaulting party Ten
Business Days?

7. Termination: In clause (c), it should refer to the Scheduled Termination
Date.

8. Section 11 (C): I would suggest to insert at the end thereof to add
something along the lines of, "as soon as such party becomes aware of any
inaccuracy or misrepresentation."

9. Section 11 (D): Please check with ENA Tax - I believe we are using new tax
forms which have replaced the W-8 and 1001.

10. Section 13  "General Definitions":

"Buyer Payment Date" I would recommend that the Buyer Payment Dates be
specified in the actual trade confirmation. This is something I can foresee
the traders changing for every transaction.

"Effective Date" : Do you mean 60 Business or Calendar Days?

"Interest Rate": In a USD Denominated Agreement where ENA is a CP - I would
have thought we would use an interest rate quoted by a US bank - rather than
Barclays.

Schedule

Governing Law & Jurisdiction: Just to echo what Mark Taylor pointed out -
normally we are required to use Arbitration rather than Ct. jurisdiction in
ENA Master Agreements. Haedicke feels very strongly about this. I can send
the language if you need it.

Exclusion of Third Party Rights: There is a stray quotation mark at the end
of this paragraph.

I hope this is helpful - please feel free to call.

Shari
__________________________________________________

	From:  Mark Taylor


Message-ID: <33372731.1075840482427.JavaMail.evans@thyme>
Date: Tue, 26 Mar 2002 14:21:15 -0800 (PST)
From: grace.rodriguez@enron.com
To: lisa.gang@enron.com
Subject: FW: FW: Lisa Gang's access
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Rodriguez, Grace </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GRODRIQ>
X-To: Gang, Lisa </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lgang>
X-cc:
X-bcc:
X-Folder: \ExMerge - Gang, Lisa\Deleted Items
X-Origin: GANG-L
X-FileName: lisa gang 6-25-02.pst

You now have 24/7 access to the building.

Don't spend too much time in here on the weekends (unless of course you have to)!!!

-G
---------------------------------
Grace Rodriguez
Enron North America (Portland)
Human Resources
503.464.8321--direct
503.464.7553--fax
grace.rodriguez@enron.com

 -----Original Message-----
From: 	"ID for Corporate Security" <Corporate_Security@pgn.com>@ENRON
Sent:	Tuesday, March 26, 2002 2:20 PM
To:	Kearney, Julie; Valerie Schauer
Cc:	Rodriguez, Grace; Blackburn, Jody; O'Neil, Murray P.
Subject:	Re: FW: Lisa Gang's access

This is done.
~Valerie

Corporate Security
1WTCBR08
121 SW Salmon St.
Portland, OR  97204
503-464-8600
1-800-524-7248
>>> "Kearney, Julie"  <Julie.Kearney@ENRON.com> 03/26/02 01:26 PM  >>>
Valerie,
Please give Lisa Gang 24 x 7 access to 3WTC 4th  floor - Enron. Please confirm when access has been changed.
If you have  any questions, please contact me ASAP.  Thank  you
__________________________
Julie Kearney
ENA Human  Resources
503) 464-7404
julie.kearney@enron.com
>   -----Original Message-----
> From:     Rodriguez,  Grace
> Sent:    Tuesday, March 26, 2002 12:30  PM
> To:    Blackburn, Jody; Kearney, Julie
>  Cc:    O'Neil, Murray P.
> Subject:    Lisa  Gang's access
>
> Lisa has informed me that she has work to  complete over the weekends and will need additional access to the building for  those days.
>
> Jody (or Julie?), could you please send your  authorization to Valerie Schauer?
>
> -Grace
>
>  ---------------------------------
> Grace Rodriguez
> Enron North  America (Portland)
> Human Resources
> 503.464.8321--direct
>  503.464.7553--fax
> grace.rodriguez@enron.com
>
**********************************************************************
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: <20164482.1075861906033.JavaMail.evans@thyme>
Date: Mon, 12 Nov 2001 12:18:35 -0800 (PST)
From: lynn.blair@enron.com
To: greg_hathaway@dom.com
Subject: RE: Demarc Allocation Conference Call - 11/06/01
Cc: vernon.mercaldo@enron.com, gerry.medeles@enron.com, john.buchanan@enron.com,
	lynn.blair@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: vernon.mercaldo@enron.com, gerry.medeles@enron.com, john.buchanan@enron.com,
	lynn.blair@enron.com
X-From: Blair, Lynn </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LBLAIR>
X-To: 'Greg_Hathaway@dom.com@ENRON'
X-cc: Mercaldo, Vernon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Vmercal>, Medeles, Gerry </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gmedele>, Buchanan, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jbuchan2>, Blair, Lynn </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lblair>
X-bcc:
X-Folder: \LBLAIR (Non-Privileged)\Blair, Lynn\Sent Items
X-Origin: Blair-L
X-FileName: LBLAIR (Non-Privileged).pst

	Greg, I answered your questions in blue.  Please let me know if you need more clarification.
	Thanks. Lynn

 -----Original Message-----
From: 	Greg_Hathaway@dom.com@ENRON
Sent:	Sunday, November 11, 2001 7:50 PM
To:	Blair, Lynn
Cc:	Mercaldo, Vernon
Subject:	Re: Demarc Allocation Conference Call - 11/06/01

Thanks for the clarification.

On number 4 is still a little fuzzy.  Does Demarc Deff. get allocated during the
same cycle as Demarc?  [Blair, Lynn]  Yes  Seems unlikely since Demarc Deff. is a
storage pt and storage is allocated at a different time? [Blair, Lynn]   A transportation
delivery directly to  Demarc Def. is a part of the Demarc allocation.  When NNG looks at a storage allocation,
 we review all the  injections (or withdrawals) at the storage point.

If we were nominating our Firm from Beatrice to Demarc Deff. where would our
customers pull from? [Blair, Lynn]   Customers can pick up gas at Demarc Def.
The storage that is offered by NNG's park and ride is at what location?  Demarc
or Demarc Deff.?   [Blair, Lynn]  	Demarc Def.

Greg Hathaway

Office Phone: 804.273.4421

Virginia Power Energy Marketing
5000 Dominion Blvd.
Glen Allen, Virginia 23060
Fax: 804.273.2927

greg_hathaway@dom.com

|--------+----------------------->
|        |          "Blair, Lynn"|
|        |          <Lynn.Blair@e|
|        |          nron.com>    |
|        |                       |
|        |          11/07/01     |
|        |          03:18 PM     |
|        |                       |
|--------+----------------------->
  >----------------------------------------------------------------------------|
  |                                                                            |
  |       To:     Greg Hathaway/WP/VANCPOWER@VANCPOWER, Brent                  |
  |       Cinnamond/WP/VANCPOWER@VANCPOWER, Gregg Tyson/WP/VANCPOWER@VANCPOWER,|
  |       Hillary Dryselius/WP/VANCPOWER@VANCPOWER, Jason J                    |
  |       Lewis/WP/VANCPOWER@VANCPOWER, M Lynn Dotter/WP/VANCPOWER@VANCPOWER,  |
  |       Mark_J-DeCarlo@dom.com, Mark Moyer/WP/VANCPOWER@VANCPOWER, Stacy     |
  |       Lee/WP/VANCPOWER@VANCPOWER                                           |
  |       cc:     "Mercaldo, Vernon" <Vernon.Mercaldo@enron.com>, "Blair, Lynn"|
  |       <Lynn.Blair@enron.com>, "Medeles, Gerry" <Gerry.Medeles@enron.com>,  |
  |       "Kowalke, Terry" <Terry.Kowalke@enron.com>, "Williams, Jo"           |
  |       <Jo.Williams@enron.com>, "Buchanan, John" <John.Buchanan@enron.com>, |
  |       "January, Steve" <Steve.January@enron.com>                           |
  |       Subject:     Demarc Allocation Conference Call - 11/06/01            |
  >----------------------------------------------------------------------------|

>
     Greg, it was good to visit with you yesterday.  Here are the
questions and answers that we promised you
     at the conference call on Tuesday, November 6.  Please review
and let Vernon or I know if you need any clarification.

>    1.  What fields can b


Message-ID: <13707330.1075853268507.JavaMail.evans@thyme>
Date: Wed, 3 Jan 2001 10:11:00 -0800 (PST)
From: richard.sanders@enron.com
To: julia.murray@enron.com, lisa.mellencamp@enron.com,
	richard.lydecker@enron.com, travis.mccullough@enron.com
Subject: Want to Invest in a Steel Mill in Thailand?
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Richard B Sanders
X-To: Julia Murray, Lisa Mellencamp, Richard Lydecker, Travis McCullough
X-cc:
X-bcc:
X-Folder: \Richard_Sanders_Oct2001\Notes Folders\Sent
X-Origin: Sanders-R
X-FileName: rsanders.nsf

I have attached an e-mail from Steve Howard, our atty in the NSM litigation.
Schultes is the original CEO of NSM.  Let me know if you are interested.
----- Forwarded by Richard B Sanders/HOU/ECT on 01/03/2001 05:57 PM -----

	showard@agsk.com
	01/02/2001 04:30 PM

		 To: richard.b.sanders@enron.com
		 cc:
		 Subject: Want to Invest in a Steel Mill in Thailand?

Schultes' lawyer has asked us if John can call an Enron business person
concerning a possible investment by Enron in some reorganized form of the
project that Schultes is pushing.  Think anyone at Enron is interested?  If
so, who?

We told the lawyer that John should not call unless we clear it with you
first.

Steve

................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................


Message-ID: <3764895.1075858819084.JavaMail.evans@thyme>
Date: Mon, 22 Oct 2001 10:08:38 -0700 (PDT)
From: sheila.glover@enron.com
To: sara.shackleton@enron.com
Subject: FW: FW: Futures relationship and documentation Deutsche Bank-Enron
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Glover, Sheila </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SGLOVER>
X-To: Shackleton, Sara </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sshackl>
X-cc:
X-bcc:
X-Folder: \SSHACKL (Non-Privileged)\Shackleton, Sara\Inbox
X-Origin: Shackleton-S
X-FileName: SSHACKL (Non-Privileged).pst

Sara,
In reading Schedule 2, we may be able to make the case that it does not apply to us as we are trading for our own proprietary account for ECT Investments, Inc.
Schedule 2 talks about different funds.  I think this more relates to a fund manager who is managing several funds which take outside investment funds.

Sheila
 -----Original Message-----
From: 	Glover, Sheila
Sent:	Monday, October 22, 2001 11:08 AM
To:	Shackleton, Sara
Subject:	FW: FW: Futures relationship and documentation Deutsche Bank-Enron

fyi..

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Monday, October 22, 2001 11:07 AM
To:	'barbara.russo@db.com'
Subject:	FW: FW: Futures relationship and documentation Deutsche Bank-Enron

Barbara,
Enron Legal's comments were faxed to you and Tracey last week.  Please let me know when you will be able to send comments back to Sara Shackleton, Enron Legal.
Regards, Sheila

 -----Original Message-----
From: 	Glover, Sheila
Sent:	Wednesday, October 17, 2001 8:02 AM
To:	Shackleton, Sara
Subject:	FW: FW: Futures relationship and documentation Deutsche Bank-Enron

Sara,
Deutsche fax number.
sg

 -----Original Message-----
From: 	"Barbara Russo" <barbara.russo@db.com>@ENRON
Sent:	Wednesday, October 17, 2001 7:13 AM
To:	Glover, Sheila
Subject:	Re: FW: Futures relationship and documentation Deutsche Bank-Enron

Shelia,

The fax number you have for me is correct. Also, please fax your comments to Tracey Jordal in our Legal Dept at 212 469-4679 and her phone no is 469-5211.

Regards,
Barbara
__________________________________
Barbara A. Russo
Global Exchange Services
31 West 52nd Street
New York, NY  10019

Telephone : 212 469-2034
Fax: 212 469-2165

---------------------------------------- Message History ----------------------------------------

From: "Glover, Sheila" <Sheila.Glover@enron.com> on 10/16/2001 04:54 PM

To:   Barbara Russo/NewYork/DBNA/DeuBa@DBNA
cc:   "Shackleton, Sara" <Sara.Shackleton@enron.com>; Rob Manders/DMGGM/DMG UK/DeuBa@DMG UK; Kelly McKenney/DMGGM/DMG UK/DeuBa@DMG UK
Subject:  FW: Futures relationship and documentation Deutsche Bank-Enron

Barbara,
Pleases confirm that comments from our Legal may be faxed to your
attention at 212-469-2165.
Thanks, Sheila
713-853-3210
sheila.glover@enron.com

>  -----Original Message-----
> From:   Shackleton, Sara
> Sent:   Tuesday, October 16, 2001 1:08 PM
> To:     Glover, Sheila
> Subject:     RE: Futures relationship and documentation Deutsche
> Bank-Enron
>
> Sheila:
>
> Can you please forward Rob Manders' fax number?  I don't have an
> electronic version of the futures agreement to mark so I will need to
> fax comments.  Thanks.  Sara
>
>  -----Original Message-----
> From:   Glover, Sheila
> Sent:   Tuesday, October 16, 2001 10:09 AM
> To:     Shackleton, Sara
> Cc:     Heard, Marie
> Subject:     FW: Futures relationship and documentation Deutsche
> Bank-Enron
>
> Sara,
> The contact for Deutsche is Rob Manders (number and e-mail below) and
> Barbara Russo, who was listed on the form sent to you on 10/9.
> Thanks. Sheila
>
>  -----Original Message-----
> From:   Glover, Sheila
> Sent:   Monday, October 01, 2001 9:52 AM
> To:     Carrington, Clara; Hopley, Kimberly
> Cc:     'rob.manders@db.com'; Fischer, Jason
> Subject:     FW: Futures relationship and documentation Deutsche
> Bank-Enron
>
> Clara and Kimberly,
> I just spoke with Rob at Deutche and sug


Message-ID: <12162008.1075855560791.JavaMail.evans@thyme>
Date: Thu, 9 Nov 2000 10:09:00 -0800 (PST)
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: \Juan_Hernandez_Dec2000\Notes Folders\Notes inbox
X-Origin: Hernandez-J
X-FileName: jhernan.nsf

BUSINESS HIGHLIGHTS

TRANSACTION DEVELOPMENT
Transaction Development, headed by Rodney Malcolm, works with Pulp & Paper,=
=20
Lumber and Steel to structure and execute some of the more complex deals. =
=20
Members of the Transaction Development team have a strong track record of=
=20
closing structured transactions involving both capital and commodity risks.=
 =20
Sample deals would include working on the acquisition of Garden State Paper=
=20
earlier this year, and structuring and pitching the first all requirements,=
=20
index based, physical steel supply contract to one of the largest players i=
n=20
the steel servicing segment of the steel industry.

The ability to buy and sell physical product will be critical to creating a=
=20
commodity product in these businesses.  Getting access to the physical=20
product will require creating compelling financing structures, as well as=
=20
potentially buying assets to get control of their production capability.  I=
n=20
all these situations, the Transaction Development team will be a key player=
=20
in driving these opportunities to closure.

PEP - REVIEWER FEEDBACK DEADLINE
The Year End 2000 Performance Review Process closes November 17. To access=
=20
PEP, go to http://pep.corp.enron.com.  To avoid system delays, please log-o=
n=20
before the deadline.

If you have any problems accessing the system or have any questions regardi=
ng=20
the Performance Management Process, please call the HR Helpdesk at x3.4040=
=20
option 4 or email pep.enquiries@enron.com.
=20

OPEN ENROLLMENT 2001
The final date for making your 2001 benefit elections or changes is Novembe=
r=20
15, 8:00 am CST to 5:00 pm CST.  Remember, that your current 2000 health=20
benefit elections will rollover for 2001 if you do not make any changes.

Log-on to www.enron.benefitsnow.com or call 1-800-425-5864.

WELCOME

New Hires ENA/EIM/EGM
ENA =01) Tamara Carter/Gas Logistics, Albert Escamilla/Global Counterparty,=
=20
Michael Girraratano/Gas Assets Operations, Cassandra Mayeux/Reporting,=20
Planning Accounting, Christina Perez/Power Plant Acct., Eve Puckett/Info &=
=20
Records Management, Tracey Wood/Gas Logistics

EGM =01) David Hoog/GRM Risk Products, Judy/Currency Trading

SAVE THE DATE

ENA/EIM/EGM-HOLIDAY PARTY
Enron Field
Saturday, December 9
7:00 pm - Midnight

NUGGETS & NOTES

"Bigger, faster" - Dave Delainey/CEO-ENA

"Four bid at five. What do you want to do?" John Arnold, Vice=20
President-Financial/Nymex Trading

"We trade weather."  Gary Taylor, Manager - Weather Risk Management Group
"You trade WHAT?!" anyone Gary speaks with.

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: <29027342.1075841418862.JavaMail.evans@thyme>
Date: Thu, 13 Dec 2001 09:16:02 -0800 (PST)
From: alan.comnes@enron.com
To: l..nicolay@enron.com, d..steffes@enron.com, richard.shapiro@enron.com,
	sarah.novosel@enron.com, tom.alonso@enron.com, ray.alvarez@enron.com,
	robert.badeer@enron.com, tim.belden@enron.com, kit.blair@enron.com,
	f..calger@enron.com, paul.choi@enron.com, jeff.dasovich@enron.com,
	m..driscoll@enron.com, mark.fischer@enron.com, h..foster@enron.com,
	lisa.gang@enron.com, scotty.gilbert@enron.com, mark.guzman@enron.com,
	legal <.hall@enron.com>, tim.heizenrader@enron.com,
	paul.kaufman@enron.com, elliot.mainzer@enron.com,
	chris.mallory@enron.com, john.malowney@enron.com,
	susan.mara@enron.com, matt.motley@enron.com, dave.perrino@enron.com,
	phillip.platter@enron.com, susan.rance@enron.com,
	lester.rawson@enron.com, jeff.richter@enron.com,
	stewart.rosman@enron.com, gordon.savage@enron.com,
	diana.scholtes@enron.com, cara.semperger@enron.com,
	chris.stokley@enron.com, steve.swain@enron.com,
	mike.swerzbin@enron.com, kate.symes@enron.com,
	jennifer.thome@enron.com, steve.walton@enron.com,
	bill.williams@enron.com
Subject: FW: IEP FERC/ISO: FERC Mtg Agenda for 12/19
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Comnes, Alan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=ACOMNES>
X-To: Nicolay, Christi L. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cnicola>, Steffes, James D. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jsteffe>, Shapiro, Richard </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rshapiro>, Novosel, Sarah </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Snovose>, Alonso, Tom </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Talonso>, Alvarez, Ray <Ray.Alvarez2@ENRON.com>, Badeer, Robert </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rbadeer>, Belden, Tim </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tbelden>, Blair, Kit </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Kblair>, Calger, Christopher F. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ccalger>, Choi, Paul </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Pchoi>, Dasovich, Jeff </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jdasovic>, Driscoll, Michael M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mdrisc3>, Fischer, Mark </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mfische2>, Foster, Chris H. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cfoster>, Gang, Lisa <Lisa.Gang@ENRON.com>, Gilbert, Scotty </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sgilber>, Guzman, Mark </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mguzman3>, Hall, Steve C. (Legal) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Shall4>, Heizenrader, Tim </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Theizen>, Kaufman, Paul </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Pkaufma>, Mainzer, Elliot <Elliot.Mainzer@ENRON.com>, Mallory, Chris </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Cmallor>, Malowney, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jmalown>, Mara, Susan <Susan.J.Mara@ENRON.com>, Motley, Matt </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mmotley>, Perrino, Dave <Dave.Perrino@ENRON.com>, Platter, Phillip </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Pplatte>, Rance, Susan </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Srance>, Rawson, Lester </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Lrawson>, Richter, Jeff </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jrichte>, Rosman, Stewart </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Srosman>, Savage, Gordon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gsavage>, Scholtes, Diana </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dscholt>, Semperger, Cara </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Csemper>, Stokley, Chris </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mstokle>, Swain, Steve </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sswain>, Swerzbin, Mike </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mswerzb>, Symes, Kate <Kate.Symes@ENRON.com>, Thome, Jennifer <Jennifer.Thome@ENRON.com>, Walton, Steve </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Swalto2>, Williams III, Bill </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Bwillia5>
X-cc:
X-bcc:
X-Folder: \ExMerge - Platter, Phillip\Inbox
X-Origin: PLATTER-P
X-FileName: phillip platter 6-26-02.PST

In addition to the summary below, the agenda has the West-wide cap case on the agenda.

FERC has posted its agenda.  It is available at
http://cips.ferc.gov/Q\CIPS\MIS

19
meeting is incredibly ambitious and appears to have


Message-ID: <3353202.1075845871998.JavaMail.evans@thyme>
Date: Tue, 5 Jun 2001 06:58:00 -0700 (PDT)
From: ccampbell@kslaw.com
To: kay.mann@enron.com
Subject: FW: Pegasus - Closing Documents
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: "Campbell, Carolyn" <CCampbell@KSLAW.com>
X-To: "'kay.mann@enron.com'" <kay.mann@enron.com>
X-cc:
X-bcc:
X-Folder: \Kay_Mann_June2001_2\Notes Folders\Discussion threads
X-Origin: MANN-K
X-FileName: kmann.nsf

Kay:

Can you please have 2 additional originals of the attached letter agreement
signed by Chris Calger, Managing Director of ENA, and return same to me for
forwarding to Freshfields.  Thanks.

Carolyn M. Campbell
King?& Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Tuesday, June 05, 2001 11:16 AM
To: 'Campbell, Carolyn'
Cc: VAN DUSEN, Nicholas; Kay Mann (E-mail); Gregory F. Lang (E-mail)
Subject: RE: Pegasus - Closing Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

The lenders have specifically asked for an original of the Letter Agreement.
If it is really problematic to get another 2 copies signed, I can ask them
again if they will accept a copy.  I appreciate that there are only 2
parties to the document, but the lenders' reasoning is that the Letter
Agreement is a key underlying document and as such, they would expect to
have an original.  Also, our original arrangement was that we would sign 6
originals of each relevant document so that all parties could have
originals.

I know what a pain it is to get documents re-executed and I apologize that
this request has come so late in the day.

Regards
Isabel

-----Original Message-----
From: Campbell, Carolyn [mailto:CCampbell@KSLAW.com]
Sent: Tuesday, June 05, 2001 12:04 PM
To: 'PARKER, Isabel'
Cc: VAN DUSEN, Nicholas; Kay Mann (E-mail)
Subject: RE: Pegasus - Closing Documents

Isabel:

ENA signed two originals of the Letter Agreement (as the Letter Agreement
has only two parties).  I kept one for ENA and provided the other to Greg
Lang for PPL by letter dated May 2, 2001.  I still do not have an original
of PPL's signature, but Greg Lang did provide a fax copy.    Is it necessary
for the parties to sign additional copies for non-parties?   I am checking
with ENA on the GE documents.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
 <mailto:ccampbell@kslaw.com> ccampbell@kslaw.com

-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Tuesday, June 05, 2001 10:47 AM
To: Carolyn Campbell (E-mail); Kay Mann (E-mail)
Cc: VAN DUSEN, Nicholas
Subject: Pegasus - Closing Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status. Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents
to any other person: to do so could be a breach of confidence. Thank you for
your co-operation. Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

The lenders have informed us that they would also like to have at least one
original of the GE Guaranty.
Please let us know whether this will be possible.  In addition, could you
plea


Message-ID: <4796969.1075860486298.JavaMail.evans@thyme>
Date: Thu, 10 Aug 2000 17:09:00 -0700 (PDT)
From: michelle.cash@enron.com
To: twanda.sweet@enron.com
Subject: Employee List
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Michelle Cash
X-To: Twanda Sweet
X-cc:
X-bcc:
X-Folder: \Michelle_Cash_Dec2000\Notes Folders\All documents
X-Origin: Cash-M
X-FileName: mcash.nsf

would you please print this and attachments and put a sticky note on them
that it is for Anonymous Letters project -- so that I focus on it!  thanks.
mhc
---------------------- Forwarded by Michelle Cash/HOU/ECT on 08/11/2000 12:04
AM ---------------------------

"CBrown" <cbrown@sjbc.com> on 08/02/2000 05:21:03 PM
Please respond to <cbrown@sjbc.com>
To: "'Enron, Cash'" <Michelle.Cash@enron.com>
cc: "'Enron, Schaffer'" <Brian.Schaffer@enron.com>, "Cestaro, Lisa"
<Windows/Admin/LCestaro@mailman.enron.com>, "Roach, Marjana"
<Windows/Admin/MRoach@mailman.enron.com>
Subject: Employee List

*************************CONFIDENTIAL COMMUNICATION*************************
 Prepared at the Direction of Counsel in Anticipation of Litigation

Michelle Hoogendam Cash
Assistant General Counsel
Legal Department
Enron Corporation
1400 Smith Street, EB3823
Houston, Texas 77002-7361

Dear Michelle:

Attached please find a list of employees we plan to interview.  Of course,
the list is not exhaustive, and does not reflect a proposed order of
interviews.  Please notify us once Sally Beck sends the survey letter to her
employees.  We will then begin setting up interviews.

Sincerely

____________________________
Cheryl A. Brown
Director of Operations

S.J. Bashen Corporation
1616 S. Voss, Suite 1000
Houston, Texas 77057
ph: 713.780.8056 ext. 104
fax: 713.780.8206
cbrown@sjbc.com

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

This message and the documents attached to it, if any, are intended only for
the use of the addressee and may contain information that is PRIVILEGED and
CONFIDENTIAL, and/or may contain information that was prepared IN
ANTICIPATION OF LITIGATION and/or AT THE DIRECTION OF COUNSEL.  If you are
not the intended recipient, you are hereby notified that any dissemination
of this communication is strictly prohibited.  If you have received this
communication in error, please delete all electronic copies of this message
and its attachments, destroy any hard copies you may have created and notify
Cheryl A. Brown immediately at 713/780-8056 or cbrown@sjbc.com.

 - enronwitness.lst.wpd


Message-ID: <2057882.1075853427348.JavaMail.evans@thyme>
Date: Tue, 5 Jun 2001 10:22:00 -0700 (PDT)
From: jmoore@mcguirewoods.com
To: elizabeth.sager@enron.com, sewilliams@mcguirewoods.com
Subject: RE: consent for Janice R. Moore
Cc: jmoore@mcguirewoods.com, legal.temp.3@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
Bcc: jmoore@mcguirewoods.com, legal.temp.3@enron.com
X-From: "Moore, Janice R" <jmoore@mcguirewoods.com>
X-To: "'Elizabeth.Sager@enron.com'" <Elizabeth.Sager@enron.com>, "Williams, Stephen E." <sewilliams@mcguirewoods.com>
X-cc: "Moore, Janice R" <jmoore@mcguirewoods.com>, "'Legal.Temp.3@enron.com'" <Legal.Temp.3@enron.com>
X-bcc:
X-Folder: \Elizabeth_Sager_Nov2001\Notes Folders\Notes inbox
X-Origin: Sager-E
X-FileName: esager.nsf

This looks good -- we just left you a message to that effect.? Let one of us
know when Mark approves the wording so we can print it, sign it, and send it
on.? Thanks for your help.

Regards, Janice

Janice R. Moore
McGuireWoods LLP
Washington Square, Suite 1200
1050 Connecticut Avenue, N.W.
Washington, D.C. 20036
202-857-1752; fax 202-857-1737
jmoore@mcguirewoods.com
www.mcguirewoods.com
This e-mail may contain confidential or privileged information.? If you
are not the intended recipient, please erase this e-mail immediately
without reading it or sending it to anyone else.? I would also
appreciate your advising me (by return e-mail) if you have received this
e-mail by mistake.? Thanks for your kind assistance.

-----Original Message-----
From: Elizabeth.Sager@enron.com [mailto:Elizabeth.Sager@enron.com]
Sent: Tuesday, June 05, 2001 4:29 PM
To: sewilliams@mcguirewoods.com
Cc: 'elizabeth.sager@enron.com'; Moore, Janice R;
'Legal.Temp.3@enron.com'
Subject: Re: consent for Janice R. Moore

A couple of minor changes - let me know if this is OK with you and then I
will discuss with Mark Haedicke.? Thanks

(See attached file: moore.DOC)ps blacklining seems to be all messed up but
I tried

??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????

??????????????????? "Williams,
Stephen???????????????????????????????????????????????????????????????????????
???????????

??????????????????? E."??????????????????????? To:????
"'elizabeth.sager@enron.com'" <elizabeth.sager@enron.com>,???????

??????????????????? <sewilliams@mcguire??????? "'Legal.Temp.3@enron.com'"
<Legal.Temp.3@enron.com>??????????????????????

??????????????????? woods.com>???????????????? cc:???? "Moore, Janice R"
<jmoore@mcguirewoods.com>??????????????????????

?????????????????????????????????????????????? Subject:???? consent for
Janice R. Moore?????????????????????????????????

??????????????????? 06/05/2001 10:04
AM????????????????????????????????????????????????????????????????????????????
?????

??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????

??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????

?<<1F1901!.DOC>> Attached is a slightly-revised version of your revision of
the consent regarding Janice Moore.? We will call you shortly to discuss
this matter.
??????????????????? Steve Williams
??????????????????? Janice Moore

(See attached file: 1F1901!.DOC)


Message-ID: <33059747.1075858644328.JavaMail.evans@thyme>
Date: Thu, 25 Oct 2001 14:36:54 -0700 (PDT)
From: k..allen@enron.com
To: kirk.mcdaniel@enron.com
Subject: RE: Topic Framework Deliverable - Sign-Off for Acceptance
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Allen, Phillip K. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PALLEN>
X-To: McDaniel, Kirk </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Notesaddr/cn=151b1f73-1f0d9c60-8625697b-63e5ad>
X-cc:
X-bcc:
X-Folder: \PALLEN (Non-Privileged)\Allen, Phillip K.\Sent Items
X-Origin: Allen-P
X-FileName: PALLEN (Non-Privileged).pst

These are fine.

 -----Original Message-----
From: 	McDaniel, Kirk
Sent:	Tuesday, October 23, 2001 1:36 PM
To:	Allen, Phillip K.; O'rourke, Tim; Frolov, Yevgeny
Subject:	Topic Framework Deliverable - Sign-Off for Acceptance
Importance:	High

Gentlemen

Good day. I hope all is going well.

If I do not hear from you by COB tomorrow I will take your silence as acceptance and that their are no non-conformities to prevent acceptance of this deliverable. This action is necessary as contractually we are coming to the end of the acceptance period for this deliverable.

Good news is that this deliverable and the High level design deliverable are the last two deliverables for the Design Phase of the project. Thanks

Cheers
Kirk
---------------------- Forwarded by Kirk McDaniel/HOU/EES on 10/23/2001 03:31 PM ---------------------------

Kirk McDaniel
10/19/2001 08:39 AM
To:	Phillip K Allen/Enron@EnronXGate, Tim O'Rourke/Enron@EnronXGate, Yevgeny Frolov/Enron@EnronXGate
cc:	Ed McMichael/Enron@EnronXGate, Dutch Quigley/Enron@EnronXGate
Subject:	Topic Framework Deliverable - Sign-Off for Acceptance

Phillip/Tim/Yevgeny
The attached zip file contains the 10 topic frameworks for sign off. Phillip you have reviewed these documents and given them the thumbs up prior to my input. The email below from Monica summarizies my minor input and after reading Monica email, if no red flags or concerns or raised you can again give your approval without necessarily reviewing the attachments again.

Tim and Yevegeny (If possible), please review the attachment, the email below and provide input no later then COB 10/22. Thanks

Cheers
Kirk

Note: Please notice that Accenture is putting how long it takes them to complete tasks in their emails to us.

 - Topic Framework_Final.zip << File: Topic Framework_Final.zip >>
---------------------- Forwarded by Kirk McDaniel/HOU/EES on 10/19/2001 08:29 AM ---------------------------

monica.l.brown@accenture.com on 10/18/2001 11:04:02 AM
To:	kmcdani@enron.com
cc:	sheri.a.righi@accenture.com
Subject:	Topic Framework Updates!

Hi Kirk,

Here are the answers to some of your questions and concerns on the Topic
Frameworks.  These updates, along with discussions with SMEs, took a total
of one hour.

Accounting and Reporting - (1) Deal Flow - <<According to Berney Aucoin>>
there is no difference between an Orginator/Marketer  on the deal flow,
they stated that a deal is a deal and it is the same for everyone.  (2)
Roles associated within the Desk - <<According to Berney Aucoin >> Admin
support and Commerical support should not be added.  We are concentrating
on the major roles within a desk, any more granular could be inaccurate
because it is different for every company.  Admin support - answers the
phones and Commerical support runs the books in the back office.

Commodity Fundamentals - (1) Broker fees and Margin calls were added in the
overview, <<According to Berney Aucoin>> it was worth mentioning, but
wholesale is exempt from fees and taxes.  (2) Industrial, Retail and
Wholesale was added as an i.e., by consumption by consumer

Organizational Structure - (1) Communication - Inter/Intra department
communications were added into the Challenges of Managing Trading Function
and Trading System. Inter department communication (i.e., between
departments within organization) and Intra department communicat


Message-ID: <8019432.1075853263418.JavaMail.evans@thyme>
Date: Sun, 29 Oct 2000 03:06:00 -0800 (PST)
From: richard.sanders@enron.com
To: kevin.garland@enron.com, stephen.horn@enron.com
Subject: FW: FirstWorld Document Preservation Memorandum
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Richard B Sanders
X-To: Kevin Garland, Stephen R Horn
X-cc:
X-bcc:
X-Folder: \Richard_Sanders_Oct2001\Notes Folders\Sent
X-Origin: Sanders-R
X-FileName: rsanders.nsf

----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 11:05 AM -----

	"Markel, Gregory A." <GMarkel@brobeck.com>
	10/27/2000 02:45 PM

		 To: "'richard.b.sanders@enron.com'" <richard.b.sanders@enron.com>, "Setton,
Ronit" <RSetton@brobeck.com>, "Markel, Gregory A." <GMarkel@brobeck.com>
		 cc:
		 Subject: FW: FirstWorld Document Preservation Memorandum

See below for categories of documents to be preserved.

Greg Markel
Brobeck Phleger & Harrison
1633 Broadway
New York, New York  10019
212-237-2592
Fax -212-586-7878
gmarkel@brobeck.com

-----Original Message-----
From: Setton, Ronit
Sent: Friday, October 27, 2000 11:53 AM
To: Markel, Gregory A.
Cc: Gugliucci, Patricia
Subject: FirstWorld Document Preservation Memorandum

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com

 - 42CG01!.DOC

Richard B Sanders
Kevin Garland, Stephen R Horn


Message-ID: <29848711.1075846009826.JavaMail.evans@thyme>
Date: Fri, 20 Apr 2001 03:00:00 -0700 (PDT)
From: kay.mann@enron.com
To: kathleen.carnahan@enron.com
Subject: RE: Confidentiaility Agreements regarding enovate
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Kay Mann
X-To: Kathleen Carnahan
X-cc:
X-bcc:
X-Folder: \Kay_Mann_June2001_3\Notes Folders\Sent
X-Origin: MANN-K
X-FileName: kmann.nsf

Can you help me with these?  I need to get them fixed up today.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 10:00
AM ---------------------------
From: Gregg Penman on 04/18/2001 01:10 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Confidentiaility Agreements regarding enovate

I am not sure if any additional items are necessary.  However, the following
jumped to mind, and I am guessing there may be others:
1-Required Disclosure - what if disclosure is required by a legal proceeding?
2-Remedies - what, if any, remedies do we have for disclosure

My other quick thoughts are:
1-I agree that solicitation does not belong
2-Enron should be changed to enovate and we also need to cover affiliates,
i.e. - the rest of Enron and Peoples.

That is all I can think of at the moment.  Let me know your thoughts.

Thanks - Gregg

	Kay Mann
	04/18/2001 06:47 AM

		 To: Gregg Penman/Corp/Enron@Enron
		 cc:
		 Subject: RE: Confidentiaility Agreements regarding enovate

Good timing.

You mentioned that there were a couple of things you thought should be added
to the "employee/consultant" form.  Could you email me the topics so that I
can take a look and make changes.  Once again I expect to be on an endless
conference call, but I can work while I talk.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 06:45
AM ---------------------------

j.nassos@pecorp.com on 04/17/2001 07:12:57 PM
To: Kay.Mann@enron.com
cc: Gregg.Penman@enron.com, j.pokorny@pecorp.com, b.kowalski@pecorp.com,
f.jacobsen@pecorp.com

Subject: RE: Confidentiaility Agreements regarding enovate

Hi Kay -

You may recall that back in February, we almost finalized two
confidentiality agreements related to enovate L.L.C. activities.  Our
auditors will be sending to enovate shortly a letter indicating they would
like to review various books and records of enovate and ENA as its
activities relate to enovate.  In connection with the review, we need to
finalize those confidentiality agreements.

I have made the change you requested in the attached e-mail to both of the
agreements (PEC and enovate) and have attached below an execution copy of
the agreements for ENA to date and send to PEC and enovate for siganture.
Assuming the attached copies are acceptable, please have ENA sign two
originals of each agreement and send them to me.  I'll arrange for Bill
Morrow to sign the PEC agreement and work with Greg Penmen to have enovate
sign the other agreement.

If you have any questions, please call.  Thanks for your assistance.

John G. Nassos
Asst. General Counsel
Peoples Energy Corporation
130 East Randolph Drive
Chicago, IL 60601
Tel (312) 240-4413
Fax (312) 240-4486
j.nassos@pecorp.com

 <<Conf Ag enovate - ENA (evaluation of enovate) exec.doc>>  <<Conf Ag
Peoples Energy Corp. - ENA (evaluation of enovate) exec.doc>>

> ----------
> From:  Kay.Mann@enron.com[SMTP:Kay.Mann@enron.com]
> Sent:  Thursday, February 08, 2001 3:42 PM
> To:  j.nassos@pecorp.com
> Cc:  Gregg.Penman@enron.com
> Subject:  Re: Confidentiaility Agreements regarding enovate
>
>
> Hi John,
>
> The enovate version looks fine.  I suggest this change to the Peoples
> version:
>
> iv)  is  required to be disclosed to comply with any applicable law,
> order,
>      regulation  or ruling or to enforce enovate's or PMW's rights in
> court
>      or  in  an  arbitration  proceeding  in  connection  with  the
> Limited
>      Liability  Company  Agreement  of  envoate  dated  April  26


Message-ID: <14462742.1075842419965.JavaMail.evans@thyme>
Date: Wed, 30 May 2001 08:36:00 -0700 (PDT)
From: debra.perlingiere@enron.com
To: majed.nachawati@enron.com
Subject: FW: ADDENDUM TO GISB as of 10-20-00.doc
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Debra Perlingiere
X-To: Majed Nachawati
X-cc:
X-bcc:
X-Folder: \Debra_Perlingiere_Dec2000_June2001_2\Notes Folders\Sent
X-Origin: PERLINGIERE-D
X-FileName: dperlin.nsf

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 05/30/2001 03:36 PM -----

=09Judy Thorne/ENRON@enronXgate
=0905/30/2001 09:19 AM
=09=09=20
=09=09 To: Debra Perlingiere/HOU/ECT@ECT
=09=09 cc:=20
=09=09 Subject: FW: ADDENDUM TO GISB as of 10-20-00.doc

Debra,

Please review the following Addendum from El Paso and work with Harry Grego=
ry=20
to come to agreeable terms. His phone number is 713-420-3821.

Thanks,
Judy

 -----Original Message-----
From:  "Gregory, Harry" <Harry.Gregory@ElPaso.com>@ENRON=20
[mailto:IMCEANOTES-+22Gregory+2C+20Harry+22+20+3CHarry+2EGregory+40ElPaso+2=
Eco
m+3E+40ENRON@ENRON.com]=20
Sent: Wednesday, May 30, 2001 9:14 AM
To: 'judy_thorne@enron.com'
Subject: ADDENDUM TO GISB as of 10-20-00.doc

ADDENDUM
(Special Provisions =01) Exhibit =01&B=018)
For the Base Contract for Short-Term Sale and Purchase of Natural Gas
between
El Paso Merchant Energy, L.P.
and
___________________________________
Dated ______________
=20
A.  In Section 1.2 insert =01&a recorded=018 before the word telephone on t=
he=20
second line.  Insert the word =01&recorded=018 before the word telephonic o=
n the=20
fifth line.  Add the following sections as 1.4 and 1.5:
           =20
1.4            Company shall at its expense, maintain equipment necessary t=
o=20
regularly record Transactions on Transaction Tapes and retain Transaction=
=20
Tapes in such manner as to protect its business records from improper acces=
s;=20
provided Company shall not be liable for any malfunction of equipment or th=
e=20
operation thereof in respect of any Transaction WITHOUT REGARD TO THE CAUSE=
=20
OR CAUSES RELATED THERETO, INCLUDING, WITHOUT LIMITATION, THE NEGLIGENCE OF=
=20
ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT, OR CONCURRENT, OR ACTIVE=
=20
OR PASSIVE.  No Transaction shall be invalidated should a malfunction occur=
=20
in equipment regularly utilized for recording Transactions or retaining=20
Transaction Tapes or the operation thereof, and in such event, the=20
Transaction shall be evidenced by the written and computer records of the=
=20
parties concerning the Transaction made contemporaneously with the telephon=
e=20
conversation.
=20
1.5       The parties agree not to contest or assert a defense to the=20
validity or enforceability of telephonic Transactions entered into in=20
accordance with this Contract under laws relating to (a) whether certain=20
agreements are to be in writing or signed by the party to be thereby bound =
or=20
(b) the authority of any employee of the party if the employee name is stat=
ed=20
in the Transaction Tape.
=20
B.     Replace Section 2.25 as follows:
=20
2.25            =01&Transaction Confirmation=018 means a written verificati=
on of a=20
Transaction which either Buyer or Seller shall, from time to time pursuant =
to=20
the terms of this Contract, submit the Daily Contract Quantity, Delivery=20
Point(s), Price, Contract Period, and Receipt/Delivery Obligation.  Company=
=20
will only transmit Transaction Confirmations for Transactions that have a=
=20
term exceeding one calendar Month.
=20
      Add the following at the end of Section 2:
=20
2.27     =01&Buyer=018 shall mean the party that agrees to purchase Gas as=
=20
evidenced by the Transaction Confirmation.
=20
2.28            =01&Company=018 shall mean El Paso Merchant Energy, L.P.=2


Message-ID: <9662531.1075862337989.JavaMail.evans@thyme>
Date: Tue, 27 Nov 2001 06:53:12 -0800 (PST)
From: steven.harris@enron.com
To: gr42271@csmail.corp.fedex.com
Subject: RE: NS50
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Harris, Steven </O=ENRON/OU=NA/CN=RECIPIENTS/CN=SHARRIS1>
X-To: '"Greg Rowe" <gr42271@csmail.corp.fedex.com>@ENRON'
X-cc:
X-bcc:
X-Folder: \SHARRIS1 (Non-Privileged)\Harris, Steven\Deleted Items
X-Origin: Harris-S
X-FileName: SHARRIS1 (Non-Privileged).pst

Hi Greg. Thanks for the info. When you say it has the optional headlight fairing, etc., does that mean they are not on the bike? What color is the bike? Do you have a number I can reach you at so we can discuss it further? I am very interested and would like to see what we can work out. I need to know what city and zip code the bike is in to find out how much it would be to ship it. Thanks.

Steve Harris
(713) 853-1796 work
(281) 350-8441 home
3314 Thicket Run Dr.
Spring, Texas 77388

 -----Original Message-----
From: 	"Greg Rowe" <gr42271@csmail.corp.fedex.com>@ENRON
Sent:	Monday, November 26, 2001 6:18 PM
To:	Harris, Steven
Subject:	Re: NS50

Hi Steve, yes I still have the bike for sale, I just decided to sell it last friday (11/23).  I hate to part with it, but I'm trying to raise capital to fund a business venture.  I don't have any pictures of it, but I can borrow my girlfriends digital camera and get you some; however, I won't see her until this friday (11/30), and we are heading out of town until 12/4.  I'll try to see if I can do anything before then, but I can't say for sure, as I don't own a computer or any computer equipment.  I only have computer access at my job.  In reference to shipping cost to Texas, shipping company's usually charge by size, weight, and distance travelled.  The bike doesn't weigh that much, but you'd probably have to check with a truck line to verify a freight prices.  In regard to the title, I do have the title, but
it's still in the person's name that I purchased the bike from.  He had it licensed, with tags on it, and rode it on the street.  I bought it just as a pit/play bike.  I take it to local motorcycle races on a trailer as a pit bike and ride it around my neighborhood, so I never licensed it to keep from paying sales tax.  If it becomes an issue, I can retitle it in my name. The unit has somewhere around 980 miles on it, and it has the optional headlight fairing and engine/radiator shroud/cowl.  The only thing that I did to it when I bought it was change all the fluids, lube, check everything over and adjust things as needed.  Let me know if you have any further questions or need more info.

Thx.

Greg Rowe

"Harris, Steven" wrote:

> Do you still have the bike for sale? I am very interested and would like
> to see a picture of it if you have one. Do you know if it could be
> shipped to Texas relatively inexpensively? Also, do you have the title?
> Thanks.
>
>         Steve Harris
>         (281)350-8441
>
> **********************************************************************
> 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: <10131586.1075858577822.JavaMail.evans@thyme>
Date: Fri, 13 Jul 2001 11:46:30 -0700 (PDT)
From: bill@katzlaw.com
To: gerald.nemec@enron.com
Subject: Re: Revised Letter
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Bill L. Bryant" <BILL@katzlaw.com>@ENRON <IMCEANOTES-+22Bill+20L+2E+20Bryant+22+20+3CBILL+40katzlaw+2Ecom+3E+40ENRON@ENRON.com>
X-To: Nemec, Gerald </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GNEMEC>
X-cc:
X-bcc:
X-Folder: \Nemec, Gerald (Non-Privileged)\Nemec, Gerald\Inbox
X-Origin: Nemec-G
X-FileName: Nemec, Gerald (Non-Privileged).pst

Looks good. It is on the way.

Katz, Kutter Haigler, Alderman, Bryant & Yon et al
106 East College Avenue, Suite 1200
Tallahassee, FL  32301
(850) 224-9634
www.katzlaw.com
_______________________________________

This transmission is intended to be delivered only to the named addressee(s) and may contain information that is confidential, proprietary, attorney work-product or attorney-client privileged.  If this information is received by anyone other than the named addressee(s), the recipient should immediately notify the sender by E-MAIL and by telephone (850) 224-9634 and obtain instructions as to the disposal of the transmitted material.  In no event shall this material be read, used, copied, reproduced, stored or retained by anyone other than the named addressee(s), except with the express consent of the sender or the named addressee(s).  Thank you.

>>> "Nemec, Gerald" <Gerald.Nemec@ENRON.com> 07/13/01 02:42PM >>>
Attached is the letter with our comments.  Please review.  We are OK to
send this out today.

 <<07 12 01 Letter Draft2.doc>>


Message-ID: <3427968.1075860235028.JavaMail.evans@thyme>
Date: Wed, 13 Sep 2000 18:32:00 -0700 (PDT)
From: lhayman@skadden.com
To: mark.taylor@enron.com
Subject: Fwd: RE: Happy Birthday
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Linda Hayman" <LHAYMAN@skadden.com>
X-To: Mark Taylor
X-cc:
X-bcc:
X-Folder: \Mark_Taylor_Jun2001\Notes Folders\Archive\9_00
X-Origin: Taylor-M
X-FileName: mtaylor.nsf

Linda Hayman
Skadden, Arps,Slate, Meagher & Flom, LLP
4 Times Square, 42nd Floor
New York, NY  10036
T:  212-735-2637
F:  917-777-2637

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

Received: from dymw0117.mailwatch.com (dymw0117.allegro.net [204.253.83.113])
by inet.skadden.com; Wed, 13 Sep 2000 20:47:44 -0400
Received: from 12.31.148.3 by dymw0117.mailwatch.com with SMTP ( WorldSecure
Server SMTP Relay(WSS) v4.3); Wed, 13 Sep 00 20:49:30 -0400
X-Server-Uuid: 461aec88-5ee3-11d4-a8ac-00508bd37ed6
Received: from 10.1.20.13 by mailhost2.gcd.com with ESMTP (WorldSecure Server
SMTP Relay(WSS) v3.2); Wed, 13 Sep 00 19:45:09 -0500
X-Server-Uuid: 579788b0-9378-11d2-98bc-0060b0f8941c
Received: by chmail01.gcd.com with Internet Mail Service (5.5.2448.0) id
<SM12VDQV>; Wed, 13 Sep 2000 19:47:11 -0500
Message-ID: <DF2D6583BCB6D211935C0008C7B957910136759C@chmail02.gcd.com>
From: "Brown, Gregory" <gbrown@gcd.com>
To: "'Linda Hayman '" <LHAYMAN@skadden.com>
Subject: RE: Happy Birthday
Date: Wed, 13 Sep 2000 19:46:22 -0500
X-Mailer: Internet Mail Service (5.5.2448.0)
X-WSS-ID: 15DEC01F39037-01-01
X-WSS-ID: 15DEFF1023200-01-01
MIME-Version: 1.0
Content-Type: text/plain;  charset=us-ascii
Content-Transfer-Encoding: quoted-printable
Content-Disposition: inline

Linda,

Nice to hear from you.  I sent Amanda an e-mail yesterday congratulating her
on the wedding.  Good to see that everyone survived and had a good time.
You must be very proud of your now grown up, married and employed daughter!
I heard she received an offer from Simpson.  That's great for her.

As for me, can you believe that I'm still here at Gardner and going into my
5th year!  Neither can I.  I need to go drop out and live on an island
somewhere.  I promise to stay until Nov. 4, though.  I'd love to get
together with you (we can even drink rum jumbees here) provided that I'm in
town.  I probably do need a tune up from you.

I am either flying to Miami the evening of the 4th or the morning of the
5th, I should know shortly.  Our boat is going down for the Mumm 30 world
championships.  A week of racing in the Atlantic.  Should be fun, but a lot
of work.  Are you coming in the 3rd or the 4th?

Finally, as for travel, my dream trip right now is Australia/New Zealand for
3-4 weeks.  I also want to get back to South America.  Have you been to
Argentina or Chile?

Let me know what your plans are, I'd love to see you.

Fondly,

Greg

-----Original Message-----
From: Linda Hayman
To: Brown, Greg - Health Atty
Sent: 9/6/00 6:42 PM
Subject: Re: Happy Birthday

Yes Amanda is still at amh5h@virginia.edu.  and mark taylor is at
mark.taylor@enron.com.  Mark came to the wedding - so he can give you
all the details (what the bridesmaids wore, the color of the flowers on
the cake - all that interesting stuff).
Mark was trying to organize another trip to the Carib


Message-ID: <29469613.1075860329205.JavaMail.evans@thyme>
Date: Fri, 27 Apr 2001 14:32:00 -0700 (PDT)
From: amh5h@cms.mail.virginia.edu
To: lhayman@skadden.com
Subject: Re: Keswick
Cc: amh5h@server2.mail.virginia.edu, mark.taylor@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: amh5h@server2.mail.virginia.edu, mark.taylor@enron.com
X-From: Amanda Michelle Hayman <amh5h@cms.mail.virginia.edu>
X-To: Linda Hayman <LHAYMAN@skadden.com>
X-cc: AMH5H@server2.mail.virginia.edu, mark.taylor@enron.com
X-bcc:
X-Folder: \Mark_Taylor_Jun2001\Notes Folders\Travel
X-Origin: Taylor-M
X-FileName: mtaylor.nsf

Schedule Recap:

THURS.:  sleep in DC  - MOM to get reservations!!!

FRIDAY:

early start from DC to Four and Twenty Blackbirds.
http://www.washingtonian.com/dining/Profiles/FourTwe.html

Golf at 3pm
http://www.golflink.com/columns/alannichols/keswickhall.shtml

Dinner 8pm at Oxo
http://food4.epicurious.com/HyperNews/get/archive_foodie1401-1500/1478.html
http://www.cavalierdaily.com/.Archives/1999/April/30/lfreview.asp

SATURDAY:

11:45 Lunch Boar's Head
 http://www.boarsheadinn.com/

2:00 massages

3:00 manicure/pedicure - mom

4-6pm tacky law school buffet catered by Big Jim's

5-7 completely elegant cocktail party with original first
 year section and all known professors at Ing and
 Amanda's house.

8pm dinner reservations at Keswick Hall
 http://www.keswick.com/

SUNDAY:

9:30 whole school lawn graduation ceremony
1:30 Law school graduation ceremony
6:00  LLM cocktail party at Farmington country club (if we
 want to go)
6:30 dinner reservations at Keswick Hall
 http://www.keswick.com/

MONDAY:
Drive back to DC with Bill in the am.

On Fri, 27 Apr 2001 17:34:49 -0400 Linda Hayman
<LHAYMAN@skadden.com> wrote:
> does not include breakfast, but it does include afternoon tea.
>
> Dont forget Bill with all of these appointments.  Also, lets do something
cool Friday after dinner.
>
> Linda Hayman
> Skadden, Arps,Slate, Meagher & Flom, LLP
> 4 Times Square, 42nd Floor
> New York, NY  10036
> T:  212-735-2637
> F:  917-777-2637
>
>
> ------------------------------------------------------
> This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.
>
> Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.


Message-ID: <8770122.1075843081057.JavaMail.evans@thyme>
Date: Fri, 14 Apr 2000 09:46:00 -0700 (PDT)
From: robin.hill@enron.com
To: jeff.dasovich@enron.com
Subject: RE: NDA
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Robin Hill
X-To: Jeff Dasovich
X-cc:
X-bcc:
X-Folder: \Jeff_Dasovich_Dec2000\Notes Folders\Eci
X-Origin: DASOVICH-J
X-FileName: jdasovic.nsf

Here is the NDA.  You need to select the Read Only option in order to open
and print.  Please print 2 originals for signature so each party has an
original executed NDA.  After the other party executes it, you will need to
get an EBS attorney to initial it before an EBS VP or above can execute it on
our behalf.  Please make sure I get an executed original back.  Thanks

Robin L. Hill
Legal Specialist
Enron Broadband Services
(713)853-3255
(713)646-8537 fax
Robin_Hill@Enron.net

	Jeff Dasovich@EES
	04/14/00 02:57 PM

		 To: Robin Hill/Enron Communications@Enron Communications
		 cc:
		 Subject: RE: NDA

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 04/14/2000 12:57
PM ---------------------------

"Tobin, James M." <jtobin@mofo.com> on 04/14/2000 12:52:49 PM
To: "'Jeff Dasovich'" <jdasovic@enron.com>
cc: "Countee, Janice M." <jcountee@mofo.com>
Subject: RE: NDA

Jeff:

1. California Independent System Operator Corporation

2.  151 Blue Ravine Road
     Folsom, CA  95630

3.  Dennis Fishback, Chief Information Officer

-----Original Message-----
From: Jeff Dasovich [mailto:jdasovic@enron.com]
Sent: Friday, April 14, 2000 12:13 PM
To: jtobin@mofo.com
Subject: NDA

Jim:  If you could provide the following info, I can get you a draft NDA for
your and the ISO's consideration very soon.  Thanks alot.

Best,
Jeff

1) Legal entity name
2) Business Address
3) Name(s) and title(s) of signatory party at the ISO

============================================================================

This message contains information which may be confidential and privileged.
Unless you are the addressee (or authorized to receive for the addressee),
you may not use, copy or disclose to anyone the message or any information
contained in the message.  If you have received the message in error, please
advise the sender by reply e-mail @mofo.com, and delete the message.
Thank you very much.

============================================================================


Message-ID: <79090.1075842923857.JavaMail.evans@thyme>
Date: Tue, 5 Dec 2000 04:03:00 -0800 (PST)
From: jdilg@velaw.com
To: james.derrick@enron.com
Subject: FW:
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: "Dilg, Joe" <jdilg@velaw.com>
X-To: "Derrick, James (Enron)" <james.derrick@enron.com>
X-cc:
X-bcc:
X-Folder: \James_Derrick_Dec2000_June2001_1\Notes Folders\Notes inbox
X-Origin: DERRICK-J
X-FileName: jderric.nsf

Diamond, if you want to forward Jimmy's info directly to Ray his address is
3700 Trammell Crow Center, 2001 Ross Avenue  Dallas Texas 75201-2975 . His
phone number is 214-220-7922.  Joe
-----Original Message-----
From: Ray Hutchison [mailto:rahutch@swbell.net]
Sent: Sunday, December 03, 2000 6:10 PM
To: jdilg@velaw.com
Subject:

Joe:

I just returned to town and picked up your message re Enron General
Counsel's son and SMU. I am going to Washington early in the morning,
returning Wednesday evening.

I would be delighted to send a letter of recommendation to SMU Law School.
As a member of the School's Board of Visitors, I have had some success with
admissions, and would be happy try to help here. If he will send me a copy
of his college summary, I will prepare a letter and send it this week.

Hopefully, it will help. As you know, SMU is a long-time client, and Kay and
I, as well as the Firm, are significant money contributors to the School.

Regards.

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


Message-ID: <21266875.1075840162253.JavaMail.evans@thyme>
Date: Fri, 1 Jun 2001 11:08:23 -0700 (PDT)
From: david.morris@lehman.com
To: ordan.larimore@lehman.com
Subject: The Morning Market Call - Friday June 1st, 2001
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: 7bit
X-From: "Morris, David C." <David.Morris@lehman.com>@ENRON
X-To: ordan.Larimore@lehman.com <J>
X-cc:
X-bcc:
X-Folder: \jskillin\Inbox
X-Origin: SKILLING-J
X-FileName: jskillin.pst

 <<MF June 1st 2001.pdf>>

			Good Friday Morning - Comments From The Local Guys!

In comments made by Steve Slifer, Lehman Brothers' economist, he indicates
that the U.S. economy remains in limbo - neither in recession nor in
recovery. After a string of weaker-than-expected economic data, Friday's
employment report came in stronger than expected. Payroll employment fell
19,000 in May, as expected, but there were large net upward revisions of
153,000 to March and April. The unemployment rate fell a tenth, to 4.4%. On
the surface, this suggests strength in the economy; however, the drop was
caused  by a decline in the number of people looking for jobs. This is a
sign of weakness, not strength. However, there has been  a rise in both
major measures of consumer confidence in May, and Congress passed a major
tax cut, including almost a percentage point worth of economic stimulus in
3Q. All of this leaves us where we started: more near-term economic weakness
and another 25 basis point rate cut by the Federal Reserve  on June 27,

The 30-year US T-Bond yield is 5.70%. .
The 5-year is trading at 4.90%.
Spot crude oil is trading at $27.90 p/b.
Natural Gas - Henry Hub -  is trading at $3.94 p/mcf.

			AD Time:

New Federal Insider-Trading Rule (Rule 10b5-1) have been adopted by the SEC
under the Securities Exchange Act of 1934. This rule greatly enhances an
insider's/employee's ability to trade his/her corporate shares during
blackout periods.
Previously, without the protection of this new SEC rule, employees and
insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and
sell their corporate shares even during blackout periods if a written plan
was established and in force when the insider/employee was not in possession
of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.

Lehman Brothers has established a turn-key plan that take into account the
regulatory procedures for establishing such a plan.    Please email us or
call us for more information.

				Lehman Brothers' Research.

IMPACT CALLS
Oil Services & Drilling J. Crandell, .212.526.4865
Jackups - Market Update
*Net net, we will see a very positive outlook for jackup oriented companies.
We continue to forecast a long cycle, with strong
utilization and rising day rates over the next three or more years and
highly attractive valuations. We continue our strong buy
recommendation on jackup oriented companies Global Marine (GLM $25.50),
Rowan Companies (RDC $29.93), Noble Drilling (NE
$42.84), Ensco (ESV $32.19) and Santa Fe International (SDC $36.97) and
favor those with an institutional presence.

Electronics Manufacturing Services L. Miscioscia, .212.526.3472
Long Term Just Around the Corner
*As near term business signals are mixed and stocks remain volatile, we're
taking a 12 month view that trends for EMS in 02 will be
improve significantly. Thus we're becoming more positive on the outlook for
share price appreciation longer term, given the current
risk reward scenario.
*Our optimism is based on the high level view that U.S. macro economic
trends will strengthen in early 02. While we could see further
weakness in share prices near term, investors will want to position
themselves for the eventual rebound, and calling the bottom has
been very difficult.
*From a micro sense we believe top-tier EMS cos could achieve 20% top and
bottom line growt


Message-ID: <30653330.1075862307446.JavaMail.evans@thyme>
Date: Thu, 1 Nov 2001 08:09:06 -0800 (PST)
From: greg.piper@enron.com
To: martin.chavez@kiodex.com
Subject: RE: Independent Kiodex analysis of EnronOnline risk?
Cc: brad.richter@enron.com, andy.zipper@enron.com, jay.webb@enron.com,
	mark.pickering@enron.com, sally.beck@enron.com
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
Bcc: brad.richter@enron.com, andy.zipper@enron.com, jay.webb@enron.com,
	mark.pickering@enron.com, sally.beck@enron.com
X-From: Piper, Greg </O=ENRON/OU=NA/CN=RECIPIENTS/CN=GPIPER>
X-To: 'R. Martin Chavez' <martin.chavez@kiodex.com>
X-cc: Richter, Brad </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Brichte>, Zipper, Andy </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Azipper>, Webb, Jay </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jwebb>, Pickering, Mark </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MPICKER>, Beck, Sally </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sbeck>
X-bcc:
X-Folder: \SBECK (Non-Privileged)\Beck, Sally\Inbox
X-Origin: Beck-S
X-FileName: SBECK (Non-Privileged).pst

I understand your point, but we will have to pass at this time.

We do own an equity stake in Kiodex and that could effect the view as well as we do a significant number of transactions off EnronOnline that would not be captured.

Thanks.

GP

-----Original Message-----
From: R. Martin Chavez [mailto:martin.chavez@kiodex.com]
Sent: Wednesday, October 31, 2001 4:42 PM
To: Piper, Greg
Cc: Zipper, Andy; Webb, Jay; Raj Mahajan; Thomas Farley; Sean Maloney;
Raj Vaswani
Subject: Independent Kiodex analysis of EnronOnline risk?

Greg, we've been able to load thousands of EnronOnline trades into our Risk
Workbench, and we've correctly run risk reports on them.  Might we be of
service to Enron by loading ALL the EnronOnline trades into the Risk
Workbench, and running our risk reports on the aggregate?  I'm thinking that
such an independent analysis of at least part of Enron's risk position might
answer the requests, expressed among analysts and pundits in the FT, the
WSJ, and elsewhere, for greater disclosure.

Everyone is excessively worried about mysterious packages these days.  Just
as Enron pioneered transparency in the energy markets, Enron can set the
gold standard for disclosure of aggregate risk.  (I know the other dealers
will want to squirm their way out of following suit.)  I have supreme
confidence in Enron's risk controls, and I'm thinking that an independent
measurement of this kind could dispel the market's overblown and baseless
fears.

Please let me know your thoughts.

Kind regards
Marty

R. Martin Chavez
Chief Executive Officer
Kiodex, Inc.
+1 877 6 KIODEX
+1 646 437 3811   direct
+1 646 437 3832   fax
+1 917 294 6080   mobile
www.kiodex.com

Disclaimer: This e-mail may contain confidential and privileged material for
the sole use of the intended recipient(s).  If you are not the intended
recipient (or authorized to receive this e-mail for the recipient), please
note that review, use, distribution or disclosure of any part of this e-mail
is strictly prohibited, except that you should please contact the sender or
notify Kiodex, Inc. at notices@kiodex.com that you have received this
message in error, and delete all copies of the message.  This e-mail and any
attachments hereto are the property of Kiodex, Inc. and/or its relevant
affiliate, and are not intended to be an offer or an acceptance, and do not
create or evidence a binding and enforceable contract between Kiodex, Inc.
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.