Datasets:

suolyer

/

pile_enron

like 0

Erica, Due to the fact that Jeff is unable to attend on July 19, I believe it would be better to reschedule the call for sometime next quarter. Thanks, Joannie 713-345-7774 Erica Harris <EHarris@insightpartners.com> on 05/14/2001 12:09:54 PM To: "'jeff.skilling@enron.com'" <jeff.skilling@enron.com> cc: Subject: Telephone Call with Jerry Murdock Dear Mr. Skilling: I write on behalf of Jerry Murdock, who is currently in Europe. Mr. Murdock asked me to pass on the following information regarding your telephone call scheduled for 10:00am (CST) on Tuesday, May 15. Insight Capital hosts a quarterly dinner with Robert Rubin and Steve Friedman and other selected guests. Our next dinner is scheduled for July 19 and will be held in Aspen, Colorado. The Current State of the Global Market will be one of the topics under discussion and Jack Welch of GE is one of your fellow invitees. The purpose of your conversation with Mr. Murdock is to discuss the above in more detail and to more fully brief you on the purpose of these dinners. Please do not hesitate to contact me should you require any further information. Erica Harris Insight Capital Partners 680 Fifth Avenue 8th Floor New York, NY 10019 (212) 230-9276 _______________________________________________________ This message may contain confidential and/or legally privileged information. If it has been sent to you in error, please reply immediately to advise the sender of the error and then destroy this message, any copies of this message and any printout of this message. If you are not the intended recipient of the message, any unauthorized dissemination, distribution or copying of the material in this message, and any attachments to the message, is strictly forbidden.

TO: All Current Enron Employees who Participate in the Enron Corp. Savings Plan Due to an Enron programming error in the transmission of data to the Enron Corp. Savings Plan administrator, a number of currently active employees were erroneously coded with a status of terminated on the Savings Plan system. As a result, you may have received a notice from Hewitt Associates, the Savings Plan administrator, indicating that you were a terminated employee and providing you with options for your Savings Plan account. This notice was sent in error, and should be disregarded. This situation was identified and corrected. We regret any confusion or inconvenience this may have caused. If you would like to verify that your Savings Plan employment status has been corrected, you may log in to the Savings Plan website through the Enron intranet (benefits.enron.com) or the internet (resources.hewitt.com/enron) and view your status in the "Personal Data" option off the main log-in screen. If you have further questions, please contact a representative at the Benefits Service Center at 800-332-7979, option 3. Corporate Benefits

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/16/2001 10:07 AM --------------------------- "Btu" <subs@btu.net> on 01/12/2001 04:12:44 PM To: "Btu Weekly" <> cc: Subject: Btu Weekly Attached is the latest issue of Btu Weekly. e-mail: info@Btu.net phone: 732-758-8222 fax: 732-758-8286 - wg011501.pdf

Tana: Other than your email attached, have you had other discussions with Mark or credit about hedge funds? Sara Sara Shackleton Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com ----- Forwarded by Sara Shackleton/HOU/ECT on 01/23/2001 05:41 PM ----- Tana Jones 12/14/2000 10:43 AM To: Brent Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron cc: Subject: Hedge Funds Just a note to Group after discussion w/paralegals and Mark: on a going forward basis if our counterparty is a hedge fund, we will ask for all corporate documents, plus a copy of their prospectus (which should show us what the fund is allowed to invest in).

I have the book for you. What is your location? Are you crate training the pup?--I did and it is a great idea. I have an extra crate if you need...they are pretty expensive so if you want you can have this one.....

Over the last couple of days I have purcahses about 400MW of ICAP in Cal 01- I am still 1MM mwhs short 01 and 16MM mwhs short total 02 &03. Icap is on the FERC agenda today - a decision expected around 11 AM CPT. Dana

Our vision to become The World's Leading Company positions our company for great success this year and beyond. Our success is dependent on execution. With that in mind, we are making Enron's 2001 corporate and business unit goals available to employees. Please take a few minutes to review our 2001 goals on Enron's intranet at http://172.28.92.190/bowne/ We believe they will help you gain a better understanding of our vision for the company and will inspire you to identify innovative ways to help your organization and Enron achieve our objectives. We have a lot to accomplish this year, and with your hard work and dedication, we can realize another year of stellar performance.

yeah, i will. she is great. she thinks i am smart b/c i read the comics. plus she had a breast job.

MEMORANDUM To: CAEM Board of Directors Fr: Jeff Mangold Subject: Liability Insurance for CAEM Officers and Directors Date: October 18, 2001 REPLY REQUESTED As a last step in securing liability insurance for CAEM's officers and directors, the insurer requires all officers and directors to answer the following questions. Our General Counsel has advised me that a simple reply to this e-mail stating the answer to all questions is no will be sufficient. Thanks for your attention to this necessary administrative detail. If you have any questions or concerns, please don't hesitate to contact me Jeff Mangold Center for the Advancement of Energy Markets www.caem.org jmangold@caem.org Voice: 703-729-2710 Fax: 703-783-8720 Questions for officers and directors. If an answer to any of the questions would be yes, we need the details. 1. There has not been nor is there now pending any claim(s) against any person proposed for insurance in his or her capacity of either director or officer of [CAEM]. 2. No director or officer has knowledge or information of any act, error or omission which might give rise to a claim(s) under the proposed policy. 3. Has any officer or director: a. Been involved in any antitrust copyright or patent litigation? b. Been charged in any civil or criminal action or administrative proceeding with a violation of any federal or state antitrust or fair trade law? c. Been charged in any civil or criminal action or administrative proceeding with a violation of any federal or state securities law or regulation? d. Been involved in any representative actions, class actions, or derivative suits?

I did get your email and my work number is 713-853-6320. My home # is 713-880-4157. I'll give you a call this weekend. It's incredibly difficult for me to talk at work so I'll give you a shout at home. Talk to you soon. KR

Hey could you do me a favor and fax me my brackets. i dont really remember all of my picks. my fax number is 503-464-3740. email me when you send it. Thanks dude.

IntercontinentalExchange Firm Power Price Bulletin For Power Delivered on Wednesday, November 21, 2001 (Trade Date of Tuesday, November 20, 2001) Click here to access index history . * volume represents sell-side only * Hub High Low Wtd Avg Index Change ($) Vol (Mwh) Cinergy $22.50 $18.75 $20.89 - 2.59 69,600 Comed $16.00 $16.00 $16.00 - 3.61 1,600 Entergy $23.25 $18.25 $20.32 + 3.12 21,600 Nepool $32.00 $32.00 $32.00 - 1.00 800 Palo Verde $22.00 $17.50 $19.99 + 4.33 16,800 PJM-West $25.60 $25.05 $25.46 + .01 73,600 SP-15 $23.95 $20.00 $22.75 + 5.26 28,800 TVA $21.75 $18.00 $20.33 - 1.42 10,400 Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified. IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals. Active markets include North American power and natural gas, global crude and refined oil products, and precious metals. Traded instruments include forwards, swaps, and options. In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange. Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange. This data is provided to you free of charge. IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all. You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data. To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com . To unsubscribe from this service, click here unsubscribe . ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.

Power Generation Investco, L.L.C. We have been requested by EWS-ENA to file for withdrawal of Power Generation Investco, L.L.C.'s qualification to conduct business in the State of Louisiana. If you are aware of any reason NOT to withdraw from this state, please advise me no later than Thursday, June 21, 2001. If we receive no objections, we will proceed with withdrawal procedures. Lillian R. Bailey Administrator Corporate Services EB4804A Phone 713/853-3577 Fax 713/646-8007 lillian.bailey@enron.com

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/20/2000 08:49 AM --------------------------- "CHRIS KRECEK" <KRECC@andrews-kurth.com> on 03/19/2000 02:20:44 PM To: "TOM POPPLEWELL" <POPPT@andrews-kurth.com>, <cclark@ect.enron.com>, <cclark4@ect.enron.com>, <Dherric@ect.enron.com>, <Gbahlma@ect.enron.com>, <ryan.siurek@enron.com>, <Sshackl@enron.com>, <mniebruegge@mayerbrown.com>, <pbrito@mayerbrown.com>, <tellwood@mayerbrown.com>, <john_roberts@paribas.com>, <Shaun_pacious@paribas.com>, <Tamullen@prickett.com>, <Facciolo@rlf.com>, <kenton@rlf.com>, <clint.carlin@us.arthurandersen.com>, <schottla@us.cibc.com>, <wolfmark@us.cibc.com>, <Jlawler@wilmingtontrust.com> cc: "DAVID BARBOUR" <BARBD@andrews-kurth.com>, "DALLAS GUEST ACCOUNT #2" <DGUEST2@andrews-kurth.com>, "DEBORAH LOWE" <LOWED@andrews-kurth.com> Subject: Enron/Project Specter Attached are the following additional closing documents: Assignment Agreement Receipt (S-Future) - clean Receipt (J.M.2 Owner Trust) - clean Receipt (S-Present) - clean Receipt (S-Past) - clean0 Independent Auctioneer Letter - 233390.wpd - 233377.wpd - 233379.doc - 233379.wpd - 233381.doc - 233381.wpd - 233383.doc - 233383.wpd - 233385.doc - 233385.wpd - 233390.doc - 233377.doc

The contact for Fresno Cogen is Ken Salvagno - phone number is 916-447-5171. Thanks, Kate Rhonda L Denton 04/30/2001 03:05 PM To: Kate Symes/PDX/ECT@ECT cc: Ryan Slinger/PDX/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT Subject: Fresno Cogeneration New CP under 595518 is being set up tomorrow. Can you please provide me with a phone number so GCP can confirm their information? Please copy Bernice also.

ISDA PRESS REPORT - MAY 30, 2001 Credit Derivatives * ISDA tackles default swap successor definition - IFR Risk Management * Basel 2 comment period ends, work for banks begins - Reuters * Hedge funds drive risk tool boom - IFR Regulatory * New U.K. Financial Regulator Draws Fire From Institutions - The Wall Street Journal Other * US Equity Derivatives - FOW ISDA tackles default swap successor definition IFR - May 26, 2001 The International Swaps and Derivatives Association's credit derivatives market practice committee last week moved to tackle the question of reference entity for credit default swaps in the event of a de-merger. With the dismantling of AT&T looming, the need to resolve the "successor" issue is heightened, say industry officials, who note that resolution would enhance legal certainty for the product. AT&T's restructuring plan calls for splitting the company into four different units and assigning the bulk of the firm's massive debt burden to two of the entities. Under the ISDA 1999 credit derivatives definitions, the entity that assumes "all or substantially all" of a firm's debt responsibility after a break-up should be used as the reference entity for outstanding credit default swap contracts. The AT&T example highlights the need for clarification because no one entity stands to assume the majority of the company's debt obligations. Also, AT&T is one of the most heavily traded names in the credit default swap market. One potential answer may be to allocate a de-merging company's default protection among the newly formed companies according to the percentage of debt that each entity is allocated, said credit derivatives officials in New York. No historical guidance exists currently. The issue first rose to prominence last year with the question of the reference entity for credit default swaps on the UK's National Power following the company's de-merger. International Power was eventually agreed to be the reference entity because it had to take on new debt at the time of the de-merger. Many end users of default swaps were unhappy with the way major dealers spun out the debate over this case, however. Firms representing the key participants in the credit derivatives market on June 5 will report back to the credit derivatives market practice committee. The firms consulting the marketplace include a credit derivatives dealing firm, a bank portfolio manager and an end user of credit derivatives. Each group has European and US representation. It is unclear whether the clarification on the successor issue, which will probably be released, as a supplement later this summer, will apply retroactively, one market official said. Basel 2 comment period ends, work for banks begins Reuters - May 30, 2001 By Alice Ratcliffe ZURICH, May 30 (Reuters) - An industry comment period on new global capital rules dubbed " Basel 2" ends on Thursday, but the work will just be starting for banks calculating how the sweeping changes will affect their businesses. The new rules are due to be enforced in various legal jurisdictions starting in 2004. They will apply to most of the world's banks now subject to the outmoded Basel Accord dating from 1988. Basel 2, once adopted, will also set standards for securities and brokerage firms in the European Union. Despite outcry from some industry participants that the new rules were formulated too quickly, supervisors appear set to complete Basel 2 by year-end, in time to implement it by 2004, according to industry sources. One reason for the haste is that the Basel Committee on Banking Supervision drafting the new rules worries an industry stalemate could delay adoption of the badly-needed new rules in some key jurisdictions. The 2004 implementation date is already seen as a sop to the lengthy EU legislative process. "Time (Basel 2) uses up eats into time for the EU directive," said a source familiar with the issues, adding the Basel Committee is "between the devil and the deep blue sea". SWEATING OVER CALIBRATION Of course, that doesn't make the process any smoother. Officially, banks are to have all comments submitted by May 31. Unofficial dialogues will likely continue for a long while. One area of concern is Basel 2's approach to capital needed to cover lending exposure. It allows for banks, which meet certain qualifications, to measure the risk of a borrower defaulting using an internal system, in a way similar to an earlier advance adopted in the 1990s is used to measure market risk. In the approach to market risk, banks deemed eligible by supervisors can use their own internal "Value-at-Risk" (VAR) models to assess market risk to assess capital requirements. Basel 2 foresees letting eligible banks use an "internal ratings based" (IRB) approach to measure credit risk. But unlike market risk, banks are not allowed to use their own models to calculate the capital needed to cover credit risk, at least not yet, as such models are not deemed advanced enough for this. Instead, banks will compute their regulatory capital using their own internal ratings. But they must then plug internal numbers into formulae spelled out by Basel 2, computed on an indexed or "calibrated" basis. This is where problems arise. "The first thing we said was that the calibration of the whole proposal has to be re-worked," said one banker. Banks complain Basel 2's calibration formulae, as spelled out in a draft published in January, penalise the IRB approach, saying set-asides for risky corporates, for example, could be higher than what is called for by a standardised approach applied for less sophisticated banks. One fear is that this could lead small and mid-sized banks using the standardised approach to wind up with a disproportionately larger exposure to riskier borrowers. Supervisors are expected to work out the kinks, however, and are expected to take into account data collected by the Basel Committee under a Quantitative Impact Study (www.bis.org). "I have the strong impression there are going to be substantial changes to the document...," said one banker whose own institution had run simulations which took into account its profile including a large amount of emerging market loans. He said the simulations showed his bank "would have been seriously penalised" by the earlier proposal. "But now it looks as though it will be changed. The Basel Committee seems to be open to our point of view," he said. Banks are to submit findings on such technical issues to country regulators by June 1. The Basel Committee could finish analysing these by October, and is likely to incorporate them into the finished version of Basel 2. OPERATIONAL RISK PALPITATIONS Operational risk is a new category foreseen by Basel 2 alongside credit and market risk. No one doubts that such risk exists. But requiring banks to quantify it and set aside enough capital to satisfy regulators is proving another headache. Some private bankers worry that asking banks to set aside capital for such risk could adversely affect the burgeoning business of wealth management which in theory requires a low capital base compared to lending or trading activities. "A lot of banks have gone into private banking and asset management and have paid a fortune to do so. The message is they want these glamorous purchases because they need low capital and offer good returns," said one European banker, adding the original proposed changes "move the goalposts". The Basel Committee raised a storm when it suggested a capital set aside of 20 percent - a provisional figure - for operational risk. The final figure has not yet been set. Basel 2 defines operational risk as "the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events" and refers to "an average of 20 percent of economic capital". Alongside smaller banks, big ones are irked that the calculation ignores what one banker said was big banks' more diversified income, and hence reduced risk of failure. Some banks would also like included in the calculation the "hit absorption" of a bank, meaning that a bank making losses would first use income, not capital, as a cushion. Hedge funds drive risk tool boom IFR - May 26, 2001 By Kathleen Fitzpatrick Dubbed virtual portfolios, risk measurement services that include a 'what-if' scenario along with the more traditional kind of risk analysis are gaining in importance. The hypothetical feature allows for a more customised and flexible approach to the management of risk and answers situational hedging questions about a portfolio. "What would happen if I added a hedge into the portfolio? What if I buy or sell futures?" are questions that Deutsche Bank's dbRiskOffice scenario analysis can now address, said Michelle McCarthy, managing director, risk analytics at Deutsche Bank. Deutsche's 'What-if Positions Change' enhancement, released to clients in mid-May, includes features to determine changes in value at risk (VAR), tracking error and surplus-at-risk resulting from a variety of hypothetical situations. Deutsche's client risk reporting system, available via an internet browser, specifically targets risk managers who outsource their risk measurement, instead of building up an entire department to monitor their VAR. Deutsche's customers are keen on obtaining cross-asset class VAR coverage, according to McCarthy. Managers who incorporate the use of the client risk reporting enhancement would have a better handle on whether a particular position will better correlate a fund to an index, for example. The current VAR analysis tools have already been mastered by the fund community, which is now looking for better predictors of risk. VAR is tied to a particular probability at present and fails to capture an exceptional move in an index, for example, said Guillaume Blacher, senior managing director, pricing advisory and risk management. at Reech Capital in London. "Risk managers have been consistently going for greater flexibility.' added Deutsche's McCarthy. "More managers want to work with the numbers, rather than have a single number that comes out once a day," she said, referring to the benefits of scenario analysis over traditional risk measurement practices. The hypothetical scenario tools, along with the traditional VAR risk measurement systems, are needed by fund managers in a complementary way, stated Reech Capital's Blacher. However, the hypothetical tools give more flexibility to analyse potentially substantial losses. "VAR has shown its limitations . . . it tends to capture bad days, not the extremes," according to Blacher. Hypothetical analysis tools will assist the risk manager in deciphering what positions are needed to get back within a fund manager's limit, he added. Option competition The need for faster and more reliable scenario hedging for managers investing in equity options has been a key driver of demand for 'what-if' scenario analysis lately. "The stock option market has become tighter, more competitive," noted Ravi lain, chief executive officer of Egar Technology, a New York and Moscow-based firm that launched its own real-time equity options trading and risk management platform (Equity Trading System) last week. "We have already seen an incredible amount of interest from market-makers moving upstairs and the hedge fund community," lain said. He also credits the more educated investor who may be prompting the fund manager to install better risk management and reporting systems, particularly for option based funds, as fuelling the current demand for hypothetical risk analysis. "Aside from the trading and risk management systems, there is a lot of need for decision support tools," he added. Michael Gannon, sales and marketing associate at Imagine Software, the software maker that powers the Derivatives.com trading site, agreed that more sophisticated investors are a force behind fund manager demand for this kind of system. Banks such as Deutsche Bank and Citigroup use Derivatives.com risk measurement tools in their sell-side operations, according to Gannon. And it is precisely the use by these banks that smaller Imagine Software clients like. However, the current risk measurement systems can be expensive for all but the largest trading organisations, and especially for start-up funds. "Hedge funds are not going to spend US$1m on buying a big system," said Egar's lain. Instead, he said, they will investigate the more customisable decision analysis tools. Imagine Software implemented its hypothetical 'what-if' position analysis last year. Its Derivatives.com website features a 'hedge as you re-hedge' component that allows funds to rehedge during the simulation to give the portfolio a two-dimensional real-time projection of a trade. MicroHedge, a web-based platform that caters to option traders, also offers 'what-if' scenario analysis in its Micro-Hedge Portfolio Risk product. That platform, however, targets the needs of active market-makers, rather than hedge fund derivatives users. The fact that these virtual portfolio hypothetical analysis tools are now available is beginning to make it easier for hedge funds to start up, according to Imagine's Cannon. With the right risk analysis tools, a hedge fund could be up and running in a week, instead of hiring an entire IT staff, he said. Certainly, the growth of hedge fund start-ups continues at rapid pace. Hedge funds are expected to expand with a compound annual growth of 27%, according to a study by Freeman & Co. New U.K. Financial Regulator Draws Fire From Institutions The Wall Street Journal - May 30, 2001 By Silvia Ascarelli LONDON -- Will too much bureaucracy cause a logjam in the City? A think tank warned of growing discontent among major financial institutions with the Financial Services Authority, which this year will take over the duties of all of the financial regulatory agencies in the United Kingdom, and said the FSA's style eventually could undermine the international competitiveness of the City, as London's financial district is known. The FSA is seen as "bureaucratic, intrusive and insensitive," and its regulatory style risks becoming a rules-based system for the benefit of lawyers and compliance officials, according to the Centre for the Study of Financial Innovation, in London. The conclusions, which are based on interviews with officials at about 70 financial institutions, including foreign banks with large operations in the U.K., come as the FSA nears a still-unnamed date when it will officially replace 10 regulators and 14 different rule books. During the past four years, the FSA has been a virtual regulator that contracted some of its duties to the agencies that it will replace. The FSA said the think tank -- which admits it began with negative preconceptions -- ended up with some positive conclusions. For instance, the study found little evidence, despite many complaints, that the FSA's approach has cost the London's financial center any business. Rather, it found that the FSA is seen as more sophisticated than other European regulators and that new banks and companies are setting up shop in the U.K. at an unprecedented pace. The think tank itself acknowledged that some of the institutions may be grumbling because they prefer the old regime and because the FSA isn't completely formed. The think tank also warned of "inexorable forces" driving the City toward rule-bound regulation, rather than a more flexible, individual approach. Some respondents said they feared that the FSA may be less hospitable to innovation and start-up companies. The CSFI also claimed that regulatory costs are rising in most parts of the City because of higher compliance costs. An FSA spokesman said the report didn't back that claim up with hard analysis and that indirect costs are included in the cost-benefit analysis that the agency performs on policy proposals. US Equity Derivatives FOW - May 2001 By Anuszka Ranslev The economic slowdown of global markets has had a dramatic effect on the US equity derivatives market. Although the underlying market is proving to be quite uncertain, traders report a remarkable time for equity derivatives. One trader describes this as "probably the single best I environment for equity derivatives that we've seen in the last decade". Compressed levels of volatility at the beginning of the year, combined with uncertainty in the market, has lead to an increased usage of equity y derivatives. While volatility levels dropped in the first few months of the year due to supply and demand factors, the past month has seen volatilities begin to move up again. However, one US-based broker warns that volatilities have not moved up as much as the market would expect. "We would predict, with the current supply and demand imbalance, that vols would rise more significantly than they have," he says. "The fact that vols have not risen in this way creates good value for those looking to use equity derivatives." Meanwhile, there are reports of a diversity of business being traded across the board, with no significant markets being favoured. While February saw no signs -of a herd mentality since March there has been much copycat trading going on. This has lead to reports of the US leading the market with Europe and Asia following. However, at the beginning of April, traders report some diversions from this copycat trading, particularly with the Nikkei rising by several per cent. Convertibles remain the core of activity in the market. A dealer comments: "If you can get the premium high enough, although people aren't crazy about selling their stock at this level, convertible financing is pretty viable." The demand in the convertible market has lead to a significant growth of convertible arbitrage. This sector has become the best performing alternative investment hedge fund strategy, rising from last year, with a total return of approximately 350/0. The dealer warns: "There is a lot of new money that has moved into this arena, but there are just not that many new funds, and now, as funds come on, there aren't that many convertibles available." The convertible market continues to offer zeros with many large over night deals being witnessed. One trader comments that: "The big buyers of convertibles believe that the arbitrage funds are very material to the market, although they would prefer them on a hedge basis with more attractive volatility." However, he warns: "In this market of convertibles you need to be aware of where you can get stock off, where the credit should be trading and where you can distribute that credit." Traders report a record year, so far, in equity derivatives and speculate that the market is the one area in investment banking, other than fixed income, that is really having a good year. A head of desk concludes: "This is a period of divergence where there is so much uncertainty in the market that it is hard to trade and hard to take direction. Yet, this is often when derivatives have the best opportunities and can provide the best solution." **End of ISDA Press Report for May 30, 2001** THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA. THIS PRESS REPORT IS NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT. Scott Marra Administrator for Policy & Media Relations ISDA 600 Fifth Avenue Rockefeller Center - 27th floor New York, NY 10020 Phone: (212) 332-2578 Fax: (212) 332-1212 Email: smarra@isda.org

Everyday heroes are all around us at Enron, living our core values of Respect, Integrity, Communication and Excellence in everything they do. Some of these heroes make a big splash while others just quietly make a difference in the workplace around them. Either way, these special individuals deserve to be recognized with a nomination for the 2000 Chairman's Award. As there is more than just one employee living the values at Enron, this award program will honor 10 employees as members of the Chairman's Roundtable. From that group, the one individual most embodying our values will be presented with the Chairman's Award at the Management Conference in San Antonio in November. The beauty of this award program is that it is completely employee-driven from beginning to end. From your nominations, an international employee committee will select the Chairman's Roundtable and eventually, the Chairman's Award winner. Your role of nominating our everyday heroes is extremely vital to the program's success. If someone has made a positive impression on you, please take the time to complete a nomination form and send it to Charla Reese by October 1, 2000. You may click here for a printable form: http://home.enron.com/announce/chairman_nom/form3.doc For more information on the Chairman's Award, including details on last year's Roundtable members and previous winners, Repit Suliyono and Bobbye Brown, please click here: http://home.enron.com/announce/chairman_nom Again, this is a very special award at Enron and we sincerely thank you for your participation. Ken, Jeff and Joe

The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/24/2001>, published as of 10/24/2001 is now available for viewing on the website.

For your review. ---------------------- Forwarded by Kay Mann/Corp/Enron on 01/17/2001 02:27 PM --------------------------- "Thompson, Peter J." <peterthompson@akllp.com> on 01/17/2001 02:24:47 PM To: "Alan. Larsen (E-mail)" <Alan.Larsen@enron.com>, "Kay Mann (E-mail)" <kay.mann@enron.com>, "Kent. Shoemaker (E-mail)" <kent.shoemaker@ae.ge.com>, "Lee. Johnson (E-mail)" <lee.johnson@ss.ps.ge.com>, "Sheila Tweed (E-mail)" <Sheila.Tweed@enron.com> cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris" <chriscobb@akllp.com> Subject: Fountain Valley/GE Facility Agreement Attached please find the latest draft of the Fountain Valley/GE Facility Agreement (the second document attached below), as well as a blackline showing changes to the original form agreed to with GE. This revised draft incorporates (a) all of Lee's comments but for his comments on Section 10.6 and Exhibit B - 550 psig (for which I am still awaiting confirmation), (b) Kay's comments on Exhibit S and (c) John Rigby's comments. To complete we will need to insert the date the agreement is signed, confirm the specific performance guarantees and the items in (a) above, and insert Exhibit H-2 manually. I will be out of the office for the remainder of the day. In my absence, please contact Chris Cobb at (202) 662-3016. <<CRO- Fountain Valley GE/Facility Agmt -Original Form vs. Version 8.DOC>> <<Fountain Valley GE/Turbine Agreement - Version 8.DOC>> - Facility Agmt -Original Form vs. Version 8.DOC - Turbine Agreement - Version 8.DOC

Jim & Darren - It looks as though the only ISO true-up information Risk received was regarding our July variance of $86,743. This does not take into account the August variances totalling approx. $42,000 in revenue we did not receive throughout the month. Fran has informed me that as soon as she has this information she can account for the credit to the Short Term West Hourly book; but as you can see by the attached e-mail, Risk has only accounted for July variances, not August, in this PMA. I did go over the Month End Variance report Jim gave me, and I have some questions about the totals listed in it - in particular having to do with charges 253, 405, 111, and 112. Let me know when one or both of you has a moment and I think we can clear this up. Again, I think the only variances we still have out there for the WHOURLY book are the four that occurred in August, which are as follows: 8/11 - $990 8/16 - $37,787.25 8/18 - ($6,764.68) 8/22 - $9.495.25 As long as we're all aware of the ISO charges and revenue still unaccounted for - and know they will be in the future - I think we can all sleep soundly. Let me know if you have any questions on this. Thanks, Kate -----Original Message----- From: Chang, Fran Sent: Tuesday, September 04, 2001 5:02 PM To: Symes, Kate Cc: Williams III, Bill; Reyes, Jim; Cavanaugh, Darren; Postlethwaite, John Subject: iso revenue/expenses true up for August 01' Kate: Per your request I have double checked Risk's daily record on ISO revenue/expenses for WHOURLY book in August and everything checked out. Here is the result: Daily ISO revenue/expenses total (8/1-8/31) +$629,709 (you can also get this number by adding up the ISO report Risk distributed to you every morning along with your P&L ) July ISO true up +$86,743 => total +$716,452 Month-end August ISO revenue/expenses +$716,481 (we got this total from Volume Mgmt) Variance (i.e. true-up) +$29 I have communicated this with Volume Management with the above results. Jim advised that they might have added some items "after fact" during August but those changes were neither included in the daily ISO flash Risk got nor included in the month-end flash, and that's probably why you are expecting more than what Risk gave you. Jim and Darren will be looking into their records in order to check out with you. Please let me know if you have any questions. Thanks, Fran

look at the yellow highlighted areas and let's talk

Experts Tom Lambert Dan Lamb confirmed with Tom Lambert that he has been retained. We will send him a check and get written engagement letter. FERC Developments From: Ronald Carroll [mailto:rcarroll@bracepatt.com] Sent: Friday, December 08, 2000 10:23 AM To: gfergus@brobeck.com; jhartso@enron.com; mary.hain@enron.com; rsanders@enron.com; smara@enron.com; mday@gmssr.com Subject: SCE Motion for Supoena to MSC On December, SCE filed a motion with FERC in which it request FERC to issue a subpoena for the production of documentary evidence to the ISO's Market Surveillance Committee. The subpoena seeks information related to the exercise of market power While FERC's regulations allow 15 days to file an answer to motion, I recommend that we file a response as soon as possible if this is something that we either wish to oppose or have conditions established. I an having a copy of the motion and subpoena faxed to you. Ron EOB Developments (Peter Meringolo) On December 4, 2000, the Electricity Oversight Board ("EOB") issued a subpoena to the ISO. (The EOB previously issued a subpoena to the ISO on July 20, 2000). The 12/4/2000 subpoena seeks data related to, among other things: actual transmission flow; scheduled outages; out-of-sequence calls; schedules, forecasts, and reserve information for Day Ahead and Hour Ahead; Ancillary Service bids; and information related to BEEP calls. It is my understanding that Enron must inform the ISO on Monday, December 11 whether or not it has any concerns with regard to confidentiality. The Chief Counsel of the EOB has stated that it "will maintain the confidentiality of individual market participant information that reflects proprietary business practices and that has been identified as confidential when submitted" to the EOB. The EOB can disclose to the PUC and AG if they agree to maintain confidentiality. This raises two questions: (1) Will the ISO be producing data that reflects Enron's "proprietary business practices?" (2) If so, who makes the confidentiality designation: Enron or ISO? In other words, does Enron intend to rely on the ISO's confidentiality designations, or should Enron seek an opportunity to review the data in order to make its own decisions regarding confidentiality before the production? To date, Enron has not objected to these requests from the various agencies investigating the electricity market. We believe the same strategy should be followed here. In other words, this does not appear to be a battle worth fighting. Calendar Dates Here is a summary of the immediate calendar dates: 12/4 Complaint Served 12/14 Last day for plaintiff to exercise preemptory challenge 12/14 Plaintiff may commence discovery by interrogatories, request for production or request for admissions 12/26 First day for plaintiff to serve notice of deposition 1/3/01 Last Day to plead in response to complaint Note: If Enron's first appearance is on 1/3/01, then the last date to file a preemptory challenge for Enron will be within 10 days after first appearance or 1/12/01. 1/29/01 Last day for plaintiff to serve complaint and file proof of servicre 4/30/01 Last day to hold case management conference. Investigation Report Materials They have been sent for Saturday delivery at the addresses indicated. Thanks Gary <<Calendared Dates.PDF>> ======================================================= 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 - Calendared Dates.PDF

We are pleased to announce that Dave Delainey and John Sherriff are joining the Enron Corporate Policy Committee. With these additions, below is a current listing of Corporate Policy Committee members. Cliff Baxter Rick Causey Dave Delainey Jim Derrick Andy Fastow Mark Frevert Kevin Hannon Stan Horton Steve Kean Ken Lay Lou Pai Ken Rice John Sherriff Jeff Skilling Greg Whalley

Talking points for Rupert Murdoch: Enron and Blockbuster have been working with Fox to obtain the digital rights to content for use on our video on demand (VOD) service. We would like to progress these discussions in a timely manner. Although Fox has indicated interest in working with Enron, they have not been receptive to the Blockbuster proposal. Therefore, any support from Mr. Murdoch for a Fox/Blockbuster VOD agreement would be appreciated. Contact information: Mr. K. Rupert Murdoch News Corporation Limited 10201 West Pico Blvd. Beverly Hills, CA 90213 Phone: 310-369-1226 Fax: 310-369-3846 Please let me know if you have any questions, or need any additional information. Also, any feedback you receive from Mr. Murdoch would be very helpful. Thanks for your attention to this matter. Regards, Ellen Fowler ext. 35741 cellular 713-410-7279

Katalin, At Shari Stacks request, I am sending you sample contracts of ENA's GISB and Master Agreement. Please feel free to give me a call with any questions. Also, I will be the person who negotiates and drafts both agreements should you decide to go forward. Regards, Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax 713-646-3490

I keep trying to email them, but it won't go thru. Maybe this time... michael.mulligan@americas.bnpparibas.com 09/01/2000 02:24 PM To: Tana.Jones@enron.com cc: Subject: Re: weather derivatives confirmation form Hi Tana; I never did receive a copy of the Weather Derivative Confirmation. Can you send it again upon your return from the Labor Day weekend? Thanks much. Kind regards. ---------------------- Forwarded by Michael MULLIGAN/Corporate_Banking/US/PARIBAS on 09/01/2000 03:22 PM --------------------------- Internet From: Tana.Jones@enron.com on 08/24/2000 04:25 PM GMT To: Michael MULLIGAN cc: bcc: Subject: Re: weather derivatives confirmation form Did you get the email of the documents I sent you, soon after we spoke? michael.mulligan@americas.bnpp aribas.com To: Tana.Jones@enron.com cc: 08/24/2000 11:21 AM Subject: weather derivatives confirmation form Good afternoon Tana; Just in case I may have mistakenly given you a wrong letter or two in my email address, I thought it best to send this note regarding the above form so that you can email to me at your convenience. Thanks much. Kind regards. ______________________________________________________________________________ _______________________________________________________ Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur. Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse. L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie. ------------------------------------------------------------------------------ ---- This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified. ______________________________________________________________________________ _______________________________________________________ ______________________________________________________________________________ _______________________________________________________ Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis a l'intention exclusive de ses destinataires et sont confidentiels. Si vous recevez ce message par erreur, merci de le detruire et d'en avertir immediatement l'expediteur. Toute utilisation de ce message non conforme a sa destination, toute diffusion ou toute publication, totale ou partielle, est interdite, sauf autorisation expresse. L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie. ------------------------------------------------------------------------------ ---- This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified. ______________________________________________________________________________ _______________________________________________________

Teco Tap 40.000 / Enron ; 45.000 / HPL IFERC

December 4, 2001 Notice No. 01-398 TO: NYMEX DIVISION MEMBERS AND MEMBER FIRMS NYMEX DIVISION CLEARING MEMBERS FROM: J. Robert Collins, Jr., President SUBJECT: CORRECTION: REMINDER ON EFS REQUIREMENTS FOR NATURAL GAS FUTURES ____________________________________________________________________________ _____ Previously, in Notice to Members #01-366, the Exchange announced a new program that commenced on November 1, 2001 and that permits the exchange of swaps for futures in Natural Gas futures contracts. As an informational follow-up to that notice, this notice includes the text of this EFS rule. AMENDMENTS TO NYMEX RULE 6.21A (Asterisks indicate additions; brackets indicate deletions.) Rule 6.21A. EXCHANGE OF FUTURES FOR, OR IN CONNECTION WITH, SWAP TRANSACTIONS (Pilot Program) (A) (1) An exchange of futures for, or in connection with, a swap (EFS) consists of two discrete, but related, transactions; a swap transaction and a futures transaction. At the time such transaction is effected, the buyer and seller of the futures must be, respectively, the seller and the buyer of the swap. The swap component shall involve the commodity underlying the futures contract (or a derivative, by-product or related product of such commodity). The quantity covered by the swap must be approximately equivalent to the quantity covered by the futures contracts. The swap component of an EFS transaction must comply with the applicable CFTC swap regulatory requirements. The initial term of the pilot program shall be three years from the effective date of this Rule 6.21A. (2) Eligible Contracts and Transactions. EFS transactions may be effected only for transactions in the Exchange's Brent crude oil futures contract * or in the Henry Hub Natural Gas futures contract (for a period of six months following implementation of the pilot program for Natural Gas EFS transactions) * . (B)(1) The report of an EFS transaction shall be given on the Floor of the Exchange during the hours of futures trading. (2) EFS transactions * involving the Brent contract * are permitted until the close of trading on the last trading day in the expiring contract month [of the applicable contract(s)]. * (3) EFS transactions involving Natural Gas contract are permitted until two hours after trading terminates on the last day of trading in the expiring contract month. * (C) A report of such EFS transaction shall be submitted to the Exchange by each Clearing Member representing the buyer and/or seller. Such report shall identify the EFS as made under this Rule and shall contain the following information: a statement that the swap component of the EFS complied with the applicable CFTC swap regulatory requirements at the time the EFS was entered into between the buyer and seller, a statement that the EFS has resulted or will result in a change of payments or other such change, the kind and quantity of the futures, the price at which the futures transaction is to be cleared, the names of the Clearing Members and customers and such other information as the Exchange may require. Such report (form) shall be submitted to the Compliance Department by 12:00 noon, no later than two (2) Exchange business days after the day of posting the EFS on the Floor of the Exchange. (D)(1) Each buyer and seller must satisfy the Exchange, at its request, that the transaction is a legitimate EFS transaction. Upon the request of the Exchange, all documentary evidence relating to the EFS, including a master swap agreement and any supplements thereto, shall be obtained by the Clearing Members from the buyer or seller and made available by the Clearing Members for examination by the Exchange. Additionally, if the buyer or seller is a Member/Member Firm, the Exchange may obtain the information directly from such person(s). (2) For [all NYMEX Division contracts] * the Brent contract *, no EFS that is linked to or contingent upon entry into a second, offsetting swap transaction may be transacted during Regular Trading Hours at any time that NYMEX offers trading in its contracts, unless trading in a market is halted, such as during a physical emergency. * For the Natural Gas contract, no EFS that is linked to or contingent upon entry into a second, offsetting swap transaction may be transacted at any time. * (3) Failure by a buyer or seller, or its Clearing Member to satisfy the Exchange that an EFS transaction is bona fide shall subject such buyer or seller, if a Member/Member Firm, or the Clearing Member to disciplinary action. Such disciplinary action, depending on the gravity of the offense, may be deemed to be a major offense of the Exchange's rules. Further, if the buyer or seller is not a Member/Member Firm, the Exchange may conduct a hearing before the Business Conduct Committee to limit, condition or deny access to the market. (E) Each EFS transaction shall be posted by the Floor Members and cleared through the Exchange in accordance with normal procedures and by the Clearing Members involved. (F) All omnibus accounts and foreign brokers shall submit a signed EFS reporting agreement in the form prescribed by the Exchange to the Exchange's Compliance Department. Such Agreement shall provide that any omnibus account or foreign broker identified by a Clearing Member (or another omnibus account or foreign broker) as the buyer or seller of an EFS pursuant to Rule 6.21A(C), shall supply the name of its customer and such other information as the Exchange may require. Such information shall be submitted to the Exchange's Compliance Department by 12:00 noon no later than two (2) Exchange business days after the day of posting the EFS on the Floor of the Exchange. Failure by an omnibus account or foreign broker to submit either the agreement or the particular EFS information to the Exchange may result in a hearing by the Business Conduct Committee to limit, condition or deny access of such omnibus account or foreign broker to the market.

Travis McCullough Enron North America Corp. 1400 Smith Street EB 3893 Houston Texas 77002 Phone: (713) 853-1575 Fax: (713) 646-3490 ----- Forwarded by Travis McCullough/HOU/ECT on 04/17/2001 01:35 PM ----- Rex Shelby/ENRON@enronXgate 04/17/2001 01:25 PM To: Travis McCullough/HOU/ECT@ECT cc: Subject: FW: FW: Enron/Sungard -----Original Message----- From: ron.lang@sungard.com@ENRON [mailto:IMCEANOTES-ron+2Elang+40sungard+2Ecom+40ENRON@ENRON.com] Sent: Tuesday, April 17, 2001 11:16 AM To: Shelby, Rex Cc: ron.lang@sungard.com; Cromwell, Sheri L.; Shelby, Rex Subject: Re: FW: Enron/Sungard Hi Rex - Given your extension of your NY trip, I will attempt today to set up and propose a meeting for you in the NY area this week. Review of your NDA doc is in process - I'll let you know when we're ready to execute or if there are any changes requested from our legal department. - Ron "Shelby, Rex" <Rex.Shelby@enron.com> on 04/17/2001 08:28:29 AM To: <ron.lang@sungard.com> cc: "Cromwell, Sheri L." <Sheri.Cromwell@enron.com>, "Shelby, Rex" <Rex.Shelby@enron.com> Subject: FW: Enron/Sungard Hello Ron -- My trip to the East Coast this week will extend through Friday the 20th. I know that this Friday was one of the dates that you were considering for a visit to Houston, but it appears that it will not work on this end. I hope this does not affect your planning. Next week (except for Friday the 27th) looks good. Do any days next week work for you and your team? Thanks. -- Rex > -----Original Message----- > From: Shelby, Rex > Sent: Friday, April 13, 2001 12:04 PM > To: 'ron.lang@sungard.com' > Cc: Cromwell, Sheri L.; Shelby, Rex > Subject: Enron/Sungard > > Hello Ron -- > > I enjoyed the phone conversation today and look forward to our > meeting. For your records, my email address is rex.shelby@enron.com. > My assistant is Sheri Cromwell (sheri.cromwell@enron.com, > 713-853-3543). If you ever have trouble reaching me, Sheri can track > me down. > > Travis McCullough of Enron will be sending you the NDA today via > email. Please let me know how the potential meeting dates pan out for > your team. Best regards. > > -- Rex Shelby > Enron Net Works > rex.shelby@enron.com > ********************************************************************** > **** >

If you need to reach him, call him at home at 281-347-1879 or his cell at 281-748-7591. Thanks, John.

Leandra, I wanted to check on the status of your review of the draft. Regards, Debra Perlingiere Enron North America Corp. Legal Department 1400 Smith Street, EB 3885 Houston, Texas 77002 dperlin@enron.com Phone 713-853-7658 Fax 713-646-3490

A quick update on the status of Sandeep Kohli. He is working currently in my group. He is available on a very short notice to help you with any quantitative modeling that can be required in making decisions regarding our DPC strategy. In case you need his help, he can also rely on the support of other members of my group with skills in different areas. Vince Kaminski

Many employees here at Enron knew Cliff Baxter well and were inspired by his spirit and his dedication to his family and to Enron. For those of you who wish to honor Cliff, his family has requested that in lieu of flowers donations be made to: American Cancer Society 6301 Richmond Ave. Houston, Texas 77057 1-800-227-2345 or, Junior Achievement 2115 East Governor's Circle Houston, TX 77092 (713) 682-4500 Services for Cliff will held in his hometown and will be private.

Vince I am an adjunct professor at Rice, working with Wil Uecker in Executive Education. With your concurence, I would like to sit in your Energy Derivatives course. I understand from Wil that there are 38 students registered for the course. If you consent, would you let me know what material I need. Thank you, Dennis W. Loughridge 713-348-2812

he isn't ceo of enron. he is a ceo of one of the subsidiaries. still a big wig and multi-multi millionaire.

Becky said they are going up in Jan. She could probably find out the cost. The other big issue is the bulk head starts for 10 and unders at Klein Oak. I know that concerns some of my team's board members and Kleinwood's. They would rather be able to start all the races from the starting blocks at one end of the pool. We can do that at Klein but not at Klein Oak. Cindy ----- Original Message ----- From: "Martin, Thomas A." <Thomas.A.Martin@enron.com> To: "Cindy Knapp" <clfauxde@houston.rr.com> Sent: Thursday, November 15, 2001 2:02 PM Subject: RE: Divisonals It seems like we would have approximately the same cost for air at Klein Oak or Klein.. I guess the question is how much have the pool fees gone up from last year and does that make it too expensive to have air. Who knows the prices? Tom > -----Original Message----- > From: "Cindy Knapp" <clfauxde@houston.rr.com>@ENRON > Sent: Thursday, November 15, 2001 1:56 PM > To: Martin, Thomas A. > Subject: Re: Divisonals > > Tom, > > I like the air too. Polling our board, they are spit on which pool > but as > Jeff pointed out the kids can start from the starting blocks instead > of the > bulkhead (which does affect their times). That was an issue for > several > teams when we were setting up a Klein Oak last year. We should all > talk > about whether to request the gym and the additional cost of doing so. > The > pool fees have increased since last year. You can shoot an email to > Jeff > and the other teams about the idea if you like. > > Cindy > ----- Original Message ----- > From: "Martin, Thomas A." <Thomas.A.Martin@enron.com> > To: <clfauxde@houston.rr.com> > Sent: Thursday, November 15, 2001 1:08 PM > Subject: Divisonals > > > Cindy, > > Since the majority of the division wants Klein High School, I'll live > with it. Becky Miller had a good idea, how about if we see if we can > also get their gym so we can have the teams set up in there. It is > not > as conveniently located to the pool as Klein Oak's gym is but at least > it keeps the teams out of the sun for the day. What do you think? > > Tom > > P.S. you either respond to this address (work) or the other address > you > have for me. > > > ********************************************************************** > 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. Tha > nk you. > ********************************************************************** >

I called Tino today to let him know that our affiliates are sniffing around a power plant opportunity and potential gas bypass pipeline in Albuquerque. Kevin, you should be getting a call from a guy in Portland whose name I can't seem to find right now. He had gotten my name from Thome out there and called to let me know that ENA is interested in pitching either PNM or some outfit called "Delta" on development or expansion of a gas-fired power plant in the south part of Albuquerque. It didn't sound to me like ENA was very far along in their deal. I explained to this guy what we were involved in and swore him to confidentiality. I also told him he need to call either Kevin or Steve before he talked to PNM. I thought it was a little curious that ENA is interested in generation in Alb. all of a sudden. On the Tino front, he apologized for not calling after their big DOE meeting. He said it went very well and that DOE is considering their offer--$.085/Kwh power less revenue sharing for all surplus power sold. Tino and Dennis offered DOE 70% of the $$ from the surplus power sales until a certain target is hit (probably a target equivalent to DOE's current PNM rate less 10%) and then 30% of any additional $$. Tino and Dennis really blew some smoke by showing the DOE guys this summer's Four Corners spot prices (generally in the $200-400/mwh range) and doing the math for them. On that basis, the net delivered power cost after rebate comes pretty close to zero. Even using a more reasonable sampling of Four Corners prices, the DOE price is apparently better than their current PNM price. The big issue is whether DOE can figure out how to keep the rebate $$ at Sandia, rather than lose the $$ to treasury. Sounds like the Dennis and Tino show is still flogging this deal pretty hard, so I reminded Tino that we are eager to do anything we can to help. Bill or Kevin, please forward this to Bill Gang--I couldn't get my computer to recognize his name. Please call if you have any questions. DF

As you are aware, your business unit has been selected to participate in Project GEM (Global Enron Migration) for the rollout of Windows 2000. In preparation for this rollout, it is imperative that we gather information about your workstation and the applications you use. To begin this data collection, we have automated the process. In fact, your system has just been inventoried. Once this information is received, we will be working with your local department coordinator to consolidate this information to ensure this transition is as smooth as possible. The GEM team would like to thank you for your participation. If you have any questions, please contact Patrick Marchand, 5-5636.

Molly, We want to hire this very bright young man as a part-time employee, reporting to Mike Roberts. Mike will be contacting you regarding the details. Vince ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/24/2001 10:01 AM --------------------------- "Chris Pernoud" <cgp1@cornell.edu> on 01/24/2001 09:21:11 AM Please respond to <cgp1@cornell.edu> To: "Michael Roberts" <mrobert@enron.com>, "Vincent Kaminski" <vkamins@enron.com>, "Shirley Crenshaw" <shirley.crenshaw@enron.com> cc: Subject: Resume for Chris Pernoud Gentlemen, Thank you for your time and consideration yesterday. I am excited about working for Enron and gladly accept your offer. To reiterate our consensus today, I will be working an average of 10 hours a week, mostly early mornings from around 5 to 7. Another option for me might be to work Mondays, Wednesdays, and Fridays from around 5 to 8 or 9. Toni Graham was my contact in HR six months ago. She is probably more familiar with my previous file than anyone else. If you have any questions or concerns please don't hesitate to contact me. Thank you, Chris Pernoud ============== Christopher Pernoud 7315 Brompton Rd. Apt. 231 B Houston, TX 77025 (713) 349-8963 cgp1@cornell.edu - ChrisPernoud.doc

Good to see. Thanks for forwarding. PL

----- Forwarded by Steven J Kean/NA/Enron on 10/20/2000 09:57 AM ----- Michelle Hargrave@ECT 10/19/2000 03:29 PM To: Gary Fitch/HR/Corp/Enron@ENRON, Keith Jones/HR/Corp/Enron@ENRON, Ronald Fain/HR/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Bill Donovan/EPSC/HOU/ECT@ECT cc: Jennifer Jordan/Corp/Enron@ENRON Subject: Aviation Pre-Ranking Meeting Changed The date for the Aviation pre-ranking meeting has been changed from Wednesday, November 29th to Tuesday, November 28th at 4:00 pm. Location in the Enron bldg. to be determined prior to that date. This meeting will be used to determine the pre-rating of the Aviation employees prior to the EPSC/Building Services & Aviation PRC on Thursday, November 30th. Should you have any questions, please feel free to contact me on ext. 36023. Regards, Michelle

Enron Family Day at the Museum of Fine Arts, Houston Enron Family Day at the Museum of Fine Arts, Houston is this Saturday, May 12th from 10 AM - 7 PM. Enjoy the many exciting exhibits at the museum including Star Wars: Magic of Myth. Enron employees and their families can enter the museum free by presenting their Enron ID Badge. To visit the Star Wars: Magic of Myth exhibit, you can purchase vouchers for $10 each by calling (713) 639-7771 or you may use the vouchers previously distributed to employees by Enron. Do you hate to garden in the summer because everything you plant dies? Linda Gay, Director of the Mercer Arboretum and Botanic Gardens in Humble, will teach us about plants that not only survive, but thrive during the dog days of Houston summers. Topics will include tropical-looking plants for sun and shade, gingers, fragrant plants, and drought-tolerant plants. WHEN: Tuesday, May 8th, 11:30 a.m. - 12:30 p.m. WHERE: The Forum, 12th floor of 2 Allen Center Get ready to help the Body Shop celebrate it's 15th anniversary and kick-off National Health and Fitness Week. Beginning Monday, May 14 and ending Friday, May 18, 2001 all Enron Employees are invited to work-out at the Body Shop as a complimentary guest. Just visit http://hrweb.enron.com/wellness, print and fill-out the body shop 15th anniversary guest form, and return it to the Body Shop prior to your first workout. The week long celebration includes a speech and autograph session with Clyde Drexler, Monday, May 14, 2001, 11:30 AM-12:00 noon (spaces will be limited and you must RSVP to Body.Shop@enron.com by Friday, May 11, 2001, 3:00 PM); an early morning workout with the Houston Rockets Power Dancers on, Thursday, May 17, 2001 starting at 6:30 AM followed by breakfast and autograph session in the Body Shop Fuel Station at 7:30am - 8:30am; a boot camp style class led by the German/American Foreign Legion and much, much more. Visit the Body Shop website for a detailed calendar of events, or for additional information, please e-mail the Body Shop at Body.Shop@enron.com. The Enron Travel Club will hold it's monthly meeting on Tuesday, May 8th in room EB5C2 from 12:00pm - 1:00pm. Help people affected by arthritis. Join A Joint Walk on May 20. Thousands of greater Houstonians will join the walk to cure arthritis. The 5-mile walk begins at the Kelsey-Seybold Clinic and travels along Braes Bayou. Call 713-529-0800 and "get in step". Project Mom @ Friendly Haven on Saturday, May 11th.... in Honor of Mother's Day! Join Enron employees at Friendly Haven, a housing assistance program supported by AFH (AIDS Foundation Houston), for a volunteer project designed to celebrate Mother's Day. Approximately 40 single mothers comprise Friendly Haven's residents and we would like to make the day special for both them and their children. Enron volunteers are needed to facilitate a children's craft activity for Mother's Day presents and also serve a special brunch to all of the mothers in the program. This project can be utilized as a team building opportunity for a department with 15 - 25 employees or individual volunteers may sign up by contacting Janice Riedel at x37507 - for more information on AFH, visit http://www.aidshelp.org/programs/housing.htm. The Contemporary Arts Museum needs volunteers to help with CAM*boree, a special event for kids Sunday May 20, 5:00pm to 8:00pm. There will be a picnic dinner, music and artist-led activities. Volunteers will help play with the kids, ages 2-12. It is so much fun and a short time commitment. Volunteers get a FREE Museum membership as a thank you. Please respond by May 16 to Jennifer Milligan X35272. Support KidSave and Help Miracles Happen. Every Summer. Kidsave
,s Summer Miracles Program enables orphanage children ages 5 to 11 to travel to the US and Canada, live with families and attend day camp. The program gives families who may be concerned about the problems of adopting an older child a chance to meet, get to know and in the best-case scenario, fall in love with a child. The program gives prospective parents an opportunity to see and evaluate first-hand the challenges and rewards of adopting an older child. In 1999 and 2000 Kidsave and adoption agency partners placed 432 children - 96 percent of children who participated in the program. Generally, 85 to 90 percent of children who participate in the program find homes easily through the program. The remaining 10 to 15 percent require more work. Kidsave believes every child deserves a family. We are committed to placing all children who participate in the Summer Miracles Program in permanent families or family-like environments. We are looking for families to host children, and for others who want to help us make the camp program happen for these 250 children. As a non-profit organization, Kidsave depends on donations to raise the money to bring these children here and find them families. Please call Tonya Hoppe at 281.286.8948 or tonya@tonya.cc to get involved in Houston
,s Kidsave program. Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001. Celebrating our third year, Camp Enron will once again be providing summer camp for children, ages 5-13, of Enron employees and contractors. This year, camp will be May 29-August 10. Ten, one-week sessions will be available and families may choose to attend any or all sessions. Each camp week is Monday through Friday. The cost is $150 per week and includes all transportation, field trips and activities. A deposit of $50 per week is all that is needed to reserve your sessions. To register, log on to: http://www.kidventurecamp.com/camp_enron.htm. Spaces are limited. Enron parents simply ride to work with their children and check them in to the Energizer room in the morning with the Camp Enron Team. Enron Campers are loaded on Coach USA Buses and transported to our nearby camp. At the end of the day campers are brought back to the Energizer for parents to check out. It's that easy! For more information please contact: web site: www.kidventurecamp.com call Kidventure: 713.960.8989 e-mail: camps@kidventurecamp.com Have News to Share? To post news or events in Enron In Action, please e-mail your information to EIA@enron.com no later than 12:00 noon the Thursday prior to the next Monday
,s mailing.

Bob - Attached are the revised fee agreement and beta for Amerex. Please look over at your convenience and let me know if there are any additional comments. If not, I will be happy to forward the attached to Amerex for review and comment. Mark Senior Counsel, ENA Phone: 713-345-8897 Facsimile: 713-646-3940 E-Mail: Mark.Greenberg@enron.com

Third document.... ---------------------- Forwarded by Laura Wente/HOU/ECT on 10/13/2000 09:28 AM --------------------------- Michael Etringer 09/01/2000 10:52 AM To: Laura Wente/HOU/ECT@ECT cc: Subject: gas structures See attachments

Kay: Here are our comments for meeting. Sorry I couldn't get them to you earlier but Lee and I couldn't talk before now. We meant to just talk them all through anyway as you can see. Maybe you've got more. Our biggest concern is that the law firm seems to keep wanting to make the document better, when they should just leave it the way it is. We certainly can see who pays them. Kent <<Facility AGreement (blackline with KAS comment 110300).ZIP>> g GE Power Systems ____________________________________________________________________________ ____________________________________________________________________________ ____________________________________________________________________________ ___________________________ Kent A. Shoemaker Counsel GE Industrial Aeroderivative Gas Turbines GE Aeroderivative and Package Services 1 Neumann Way MD S150 Cincinnati, Ohio 45215 Phone: (513) 552-5838 Dial*Comm: 8*892-5838 Mobile: (513) 604-4687 Fax: (513) 552-5839 Dial*Comm: 8*892-5839 Internet: Kent.Shoemaker@ae.ge.com PROPRIETARY INFORMATION NOTICE: The information contained in this document and any documents attached hereto is privileged and disclosed in confidence. It is the property of General Electric Company and shall not be used, disclosed to others, or reproduced without the express written consent of General Electric Company. If consent is given for reproduction in whole or in part, this notice shall appear on any such reproduction, in whole or in part. The information contained in this document may also be controlled by the U.S. export control laws. Unauthorized export or re-export is prohibited. - Facility AGreement (blackline with KAS comment 110300).ZIP

Thanks Ellen!!! -----Original Message----- From: Wallumrod, Ellen Sent: Wednesday, November 07, 2001 2:15 PM To: Perlingiere, Debra; Williams, Jason R (Credit) Subject: RE: Superior Natural Gas Corp. here you go << File: Superior.pdf >> -----Original Message----- From: Perlingiere, Debra Sent: Wednesday, November 07, 2001 1:31 PM To: Wallumrod, Ellen; Williams, Jason R (Credit) Subject: Superior Natural Gas Corp. Ellen please fax this confirm to Jason Williams @ 713-853-9476 Tag # VA 6791 Satara # 798265 Thanks! Debra Perlingiere Enron North America Legal 1400 Smith Street, EB 3885 Houston, Texas 77002 Debra.Perlingiere@enron.com 713-853-7658 713-646-3490 Fax

As I understand it, if the option is exercised (and the property bought) prior to the time the LLC is owned by ENext, there is a balance sheet impact. From: Greg Krause/ENRON@enronXgate on 06/06/2001 03:01 PM To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/ENRON@enronXgate cc: Subject: RE: Midway Interconnect Agreement Probable time for them to bless the agreements; however, since these documents will not be executed until after closing, the obligations created under the Property Owners Association should not have a balance sheet impact. -----Original Message----- From: Mann, Kay Sent: Wednesday, June 06, 2001 12:29 PM To: Krause, Greg; Jacoby, Ben Subject: RE: Midway Interconnect Agreement Greg and Ben, So is it about time to get Lisa, Herman and Rose involved in the PAD stuff? Kay From: Greg Krause/ENRON@enronXgate on 06/06/2001 12:07 PM To: Kay Mann/Corp/Enron@Enron cc: Subject: RE: Midway Interconnect Agreement Kay, A&K did the title committment work and is now working on the Property Association Documents (as is Greenberg Traurig in West Palm Beach). Ann Elizabeth's last email message to me before she went on vacation was that A&K was the designated hitter for the Midway Project. You have been copied on those docs which we desparately need to get to Cooney Midway Groves, the property owner. As far as I know, they have not been involved in anything else related to Midway this year. Christi left me a message saying that Lloyd Will or one of his guys needs to review the Interconnction Agreement. I do not know Lloyd. Greg PS we had a good meeting with DERM on the landfill closure issues in the Certosa Holdings deal. I'll try to reach you this afternoon to discuss. -----Original Message----- From: Mann, Kay Sent: Wednesday, June 06, 2001 7:45 AM To: Krause, Greg Subject: RE: Midway Interconnect Agreement How much involvement has A & K had on Midway? I have other counsel engaged for the sale, but this falls into a different category. Kay From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron cc: Christi L Nicolay/HOU/ECT@ECT Subject: RE: Midway Interconnect Agreement Please see attachment below with Christi's comments. -----Original Message----- From: Jacoby, Ben Sent: Tuesday, June 05, 2001 12:22 PM To: Mann, Kay Cc: Krause, Greg; Nicolay, Christi Subject: Midway Interconnect Agreement Kay: Greg has Christi's comments on the FPL Construction & Connection Agreement, and he will be sending us those comments today in a marked document. Have we engaged outside counsel to review this agreement? I'd like to have a commercial / legal review fully completed, and then get accounting / finance to comment. I this something you were planning to have Carlos to work on given his recent work on ComEd and Ameren? Please let me know. Thanks. Attached is the original generic form of FPL Connection and Construction Agreement for your reference. Ben << File: FPL Construction Connection Agreement Generic.doc >>

I'm glad you found something interesting to do. Let me know if you meet anybody famous! We now have televisions in the elevators. At first, CNN ran all the time. This morning we started getting messages from management about the SAP program. It is kind of odd to get into an empty elevator, but hear voices. I was discussing Enron with my 20 year old daughter. I found it difficult to summarize what Enron does, and what kind of opportunities it has for college grads. Any wisdom you have on the subject would be appreciated. I know your husband must be overjoyed to have you back. His gain is our loss, but I understand completely. Take care and keep in touch, Kay Guadalupe Philips Margain <gphilips@televisa.com.mx> on 06/21/2000 08:42:54 PM To: kmann@enron.com cc: Subject: HI from Mexico Hi Kay how are you! I have been back in Mexico for a month. I just started working in a media/entertainment company in Mexico, it is quite a different world, but very interesting. I am working in the finance department, working primarily in valuation of new investments. Well I just wanted to touch base with you and say hi. I hope everythis is excellent!. By the way I bumped into Jean Michele Enriquez the other day, and he loves working with enron!. Well if you are ever in Mexico, please let me know. My phone numbers here are 525 292 1387 and 525 261 23 00. Big hug. Lupe.

When we meet, I would like to address the following issues: 1.) I had at least 5 people here past midnight on both nights and I have several people who have not left before 10:30 this week. 2.) It is my understanding that Susan was still booking new day deals on Thursday night at 8:30 b/c she did not get deal tickets from the trading floor until after 5:00 p.m. 3.) It is also my understanding that Susan is done with the p&l and benchmark part of her book often times by 6:00, but that what keeps her here late is usually running numerous extra models and spreadsheets. (One suggestion might be a permanent IT person on this book.) (This was also my understanding from Kyle Etter, who has left the company.) I would like to get this resolved as soon as possible so that Larry can get the information that he needs to be effective and so that we can run books like this and not lose good people. Thanks Larry May@ENRON 02/02/2001 02:43 PM To: Sally Beck/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON cc: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT Subject: re: book admin for Pipe/Gas daily option book As you might be aware, Susan Scott (the book admin for the pipe option book) was forced by system problems to stay all night Wednesday night and until 200 am Friday in order to calc my book. While she is scheduled to rotate to the West desk soon, I think we need to discuss putting two persons on my book in order to bring the work load to a sustainable level. I'd like to meet at 2:30 pm on Monday to discuss this issue. Please let me know if this time fits in your schedules. Thanks, Larry

SUBJECT TO ATTORNEY CLIENT PRIVILEGE Mary, As you requested, this e-mail is to report on the WPTF discussions on the CPUC subpoenas. In a Board conference call today, the members discussed who had subpoenas and a bit about what they were doing to respond. New West received a subpoena, but not its parent Salt River. APX did not receive one. (Separately, I learned that New Energy hasn't found one yet, though its parent AES got one) Joe Paul of Dynegy took the lead and said that the generators had been having a weekly conference call to coordinate. They had negotiated with the CPUC to get the Protective Order that came out last week. I suggested that the people receiving last Friday's subpoenas work toether the same way. Dan Douglas (WPTF's attorney) will send an e-mail out asking the interested members to contact me. Joe said that the issues they have seen are: whether to file a motion to quash, what jurisdiction the CPUC has, what information should be shared, as well as other PR and legal issues. He felt that ESP and SC issues may be quite different from generaters and suggested we work together. The Generators have already given some public data tothe CPUC. He says Dynegy is likely to argue that this type of analysis should not be done by the CPUC, but by the Market Surveillance Committee or someone of that ilk. I'll keep you posted as I learn more.

With the attached note, all analysts' estimates posted on First Call are after the mark-to-market impact. After third quarter earnings were released, we told the analysts few transactions would be marked-to-market at year end. As a result, we would expect mark-to-market to be negative in the fourth quarter also. With Dain Rauscher's revisions, the concensus is $0.03 for the fourth quarter of 1999 and $0.24 for the full year. Scott ---------------------- Forwarded by Scott Vonderheide/Corp/Enron on 02/07/2000 02:22 PM --------------------------- "Easterbrook, Mark" <MSEasterbrook@DainRauscher.com> on 02/07/2000 10:28:48 AM To: "Scott D. Vonderheide (E-mail)" <svonder@enron.com> cc: Subject: FW: B Aggr; REJIGGERING EOTT ESTIMATES TO REFLECT MARK-TO-MARKET Mark Easterbrook, CFA DRW-Equity Research (Dallas) ph: 214-989-1408; fax: 214-989-1388 mseasterbrook@dainrauscher.com -----Original Message----- From: DRWMercury@dainrauscher.com [mailto:DRWMercury@dainrauscher.com] Sent: Monday, February 07, 2000 7:43 AM To: researchfinalnote@dainrauscher.com Subject: EOT:B Aggr; REJIGGERING EOTT ESTIMATES TO REFLECT MARK-TO-MARKET Dain Rauscher Wessels a division of Dain Rauscher Incorporated * We are adjusting our 1999 and 4Q99 earnings/DCF estimates to reflect mark- to-market adjustments. * In 2000 mark-to-market accounting should have minimal impact on current estimates. * We are initiating our 2001 earnings/DCF estimates of $0.70/$1.60 per unit. * The acquisition environment continues to look strong. * EOT units have not participated in the recent uptick in the MLP group. We suggest investors buy at current prices. EOTT Energy Partners, L.P. NYSE:EOT Rating: Buy Risk: Aggressive Price Target: $ 20 Feb 7, 2000 Price: $12.81 52-Wk Range: $19-$12 Year End: Dec Fiscal EPS P/E 1999E $0.23 55.7x 2000E $0.65 19.7x 2001E $0.70 18.3x 1999 = After mark-to-market impact Tr. 12 ROE: 4.10% 3 Yr EPS Gr: NM Shares Out: 24.00 million Book Value: $3.75 Market Cap: $307.50 million DIVERSIFIED NATURAL GAS/MLPS Mark Easterbrook, CFA (214) 989-1408 mseasterbrook@dainrauscher.com EOT:B-Aggr;REJIGGERING EOTT ESTIMATES TO REFLECT MARK-TO-MARKET Adjusting Estimates To Reflect Mark-To-Market: We are changing our 1999 year-end and fourth-quarter estimates for EOTT Energy to reflect the impact of mark-to-market (noncash adjustments to reflect current value of the contract portfolio). For the year, we are excluding the cumulative benefit of $1.7 million (or $0.07 per unit) take in the 1Q99. However, we are including the $2.8 million ($0.12 per unit) negative impact of mark-to-market for the 3Q99. So our 1999 earnings/distributable cash flow (DCF) estimates decline to $0.23/$1.25 per unit from $0.40/$1.40. Our 4Q00 earnings estimates fall to $0.02 from $0.10 per unit, which assumes a $2.0 million negative impact from mark-to-market. Our 2000 earnings/DCF estimate remains at $0.65/$1.55 per unit and we are initiating our 2001 estimates of $0.70/$1.60. Acquisitions Continue To Be In The Cards: We have seen the partnership quadruple the amount of pipeline miles it controls to 8,200 miles over the last 24 months. Continued success in integrating the Koch assets and the Texas-New Mexico Pipeline with the rest of the asset base should continue to provide cost savings and build cash flow. Although management has laid low over the last six months on the acquisition front, we believe there are several opportunities within the sector. As we have suggested before, the consolidation going on within the major oil companies may fuel the consolidation within the crude oil transportation segment. Major oil companies are focusing on their strengths of E&P and retail, while divesting noncore assets. In addition, the numbers of players in the crude oil transportation business continues to diminish. The balance sheet for EOTT is in good shape at a debt/capitalization percentage of 56%. EOTT could take on more acquisitions. With another large acquisition we could see coverage of the distribution improve. Unfortunately the unit price has fallen to unattractive levels to make acquisitions. If the price of the units were to improve, we could see the partnership aggressively go after other acquisitions. Stock Opinion We consider the Enron support of $26 million for distribution through March 2001 as a safety net. Distributable cash flow should be able to cover the common distribution. We look for yield improvement in the EOT units to 9.5% yield, still a discount to the peer group but an improvement over the current 14.8%. Using this yield valuation and the current $1.90 distribution, we have a 12-month price target of $20 per unit. The units have not reacted to the improvement in the MLP arena. Since the beginning of the year two short-term trends has subsided (tax-loss selling and Y2K concerns), which have helped the MLP group. Even interest rate concerns seemed to wain with the reduction of the long-term bond rates. However, EOT units have not participated in this move. We believe once the partnership reports 4Q99 results and discusses acquistiion potential the market may take notice. We recommend investors take advantage of the weakness and purchase the EOT units. Company Description EOTT is a major independent marketer of crude oil in North America. Enron Corporation effectively holds a 44% interest in the partnership. The partnership owns or leases 440 trucks and owns 8,200 miles of intrastate and interstate pipeline and gathering systems. ____________________________________________________________________________ __ Dain Rauscher Incorporated managed or co-managed a public offering of the securities of EOTT Energy Partners, L.P. within the past three years. Additional information on the securities mentioned is available on request. This does not purport to be a complete statement of all material facts related to any company, industry, or security mentioned. The information provided, while not guaranteed as to accuracy or completeness, has been obtained from sources believed to be reliable. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. DRI, its officers, directors, affiliates, and/or employees (including the authors of this report) may from time to time have a long or short position in publicly or privately issued securities of companies mentioned or derivatives thereof and may sell or buy such securities for their own or related accounts. This notice shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which said offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copyright 2000 Dain Rauscher Incorporated Call your DRW salesperson at 1-800-937-4678 - 0207000-EOT.pdf

This request has been pending your approval for 3 days. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000008254&Page= Approval to review and act upon this request. Request ID : 000000000008254 Request Create Date : 11/27/00 10:45:13 AM Requested For : avril.forster@enron.com Resource Name : VPN Resource Type : Applications

just give me a call and we can set up a time. BT -----Original Message----- From: East, Laynie Sent: Monday, October 22, 2001 3:38 PM To: Tycholiz, Barry Subject: RE: Actuals Barry, I will have September actuals ready on Wednesday. Let me know if you want to meet then to discuss. Also, Louise has reviewed the headcount plan submitted for 2002 and asked that we reduce the West Origination count by one. The attached file shows what was initially submitted. If you will let me know what position to eliminate, I will make the necessary adjustments. << File: West Total Orig Income Stmt.xls >> Thanks, Laynie x3-3131 -----Original Message----- From: Tycholiz, Barry Sent: Monday, October 22, 2001 8:35 AM To: East, Laynie Subject: Actuals What is the latest actuals that I have for month to date. West Gas orig and West Gas Denver orig. BT

Total Aluminium 17 Total Copper 27 Total Gas 3 Note: Transactions are in pairs, therefore gas is 6 etc.

Two documents regarding the Hunting Beach Modernization project have been placed online at: http://www.energy.ca.gov/sitingcases/huntingtonbeach/documents/index.html * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * If you would like to un-subscribe from this mailing list, please go to: http://www.energy.ca.gov/html/listservers.html Web Development Team California Energy Commission 1516 Ninth Street, MS-29 Sacramento, CA 95814 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * /_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/_/ Samantha Mickelson California Energy Commission Media and Public Communications

Per the request of Bill Bradford attached are the marks for New Power as of COB 9/26/01. Also included are the past four margin letters that we have sent out but have not receive payment on. Please let me know if you need any additional information. Thank you Monica Reasoner

can you take care of these---I have no idea what this or the ones following are about. Should I deny the requests? ----- Forwarded by Richard B Sanders/HOU/ECT on 01/16/2001 10:26 AM ----- ARSystem <ARSystem@mailman.enron.com> 01/15/2001 07:13 PM To: "richard.b.sanders@enron.com" <richard.b.sanders@enron.com> cc: Subject: Approval is Overdue: Access Request for hugh.eichelman@enron.com This request has been pending approval for 6 days and you are the alternate. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000012515&Page= Approval to review and act upon this request. Request ID : 000000000012515 Approver : linda.r.guinn@enron.com Request Create Date : 1/8/01 8:12:00 AM Requested For : hugh.eichelman@enron.com Resource Name : Litigation Tracking Database Write Resource Type : Applications

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

Start Date: 1/9/02; HourAhead hour: 23; No ancillary schedules awarded. No variances detected. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010923.txt

Attached is our Confidentiality Agreement. Please call me at (713) 853-6544 if you have any questions. Thank you.

Attached is a revised Credit Watch listing as of 4/30/01. Please note that Imperial Sugar Company, Beaumont Methanol Limited Partnership, Terra Industries, Terra International, Terra Nitrogen Corp. (and LP) and Terra Resources were all placed on NO TRADES. Also, AK Steel Corporation, Jonan Gas Marketing and Royster-Clark Inc. are all new additions that require Credit approval. If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report. To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002. For other questions, please contact Bill Bradford at x3-3831, Russell Diamond at x5-7095, or Brant Reves at x3-9897.

I have a conflict at 130. Rose has been reliable at showing up and participating, so I suggest that she be included, although it sounds like she 'll be with John. ckm From: Sheila Tweed@ECT on 05/16/2001 08:49 AM To: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron Subject: Re: GE- Standard Domestic Contract- Need your help Yes. Let's do 1:30 for an internal call. I'll get Suzanne to send out the dial-in instructions. Let's make sure that the GE guys know NOT to call in. Thanks!. I know that John Schwartzenburg will be late since he is TurboParking until 2 pm but let's proceed at 1:30. Scott Dieball@ENRON_DEVELOPMENT 05/16/2001 07:15 AM To: Sheila Tweed/HOU/ECT@ECT cc: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron@ECT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Re: GE- Standard Domestic Contract- Need your help Read your notes re scheduling a call w/ or w/o GE. From John's and my perspective, it seems that we should first have an internal call re the consolidation of our assignments from weeks past into Peter's draft contract and then send to GE for their review and follow up call either later this week or next. Steve Swift is OK with this approach. At the moment we seem to be knee deep w/GE and Owner on Arcos and suspect that 9:30 CST (3:30 London time) will be difficult for us to call in. Instead, 1:30 CST would work better for us. If this works for the Houston gang could you let us know soonest and we will let Mike and Steve know as well. Sheila Tweed@ECT 05/15/2001 04:18 PM To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Kay Mann/Corp/Enron@Enron Subject: Re: GE- Standard Domestic Contract- Need your help Would you all be in a posiotion to get together tomorrow morning at 9:30 am Houston time to review the issues list and talk about how we get to the end of this process with GE. We immediately need to start the drafting of the Longview turbine contract and I'd like to see if we are close enough to get that started. Scott, today the extension to the Agreement in Principle expires and we need to extend. Can you tee this up with Steve Swift? Our meeting tomorrow will be in lieu of the regularly scheduled GE call. I'll let them know we will call them later this week or we'll talk next Wednesday, but I would like to get through whatever we need to in order to get the Longview Turbine Contract going. I've talked to John Schwartzenburg about this and he is available tomorrow morning.

----- Forwarded by Jeff Dasovich/NA/Enron on 03/30/2001 06:45 PM ----- "Julee Malinowski-Ball" <jmball@ns.net> 03/30/2001 06:29 PM Please respond to "Julee Malinowski-Ball" To: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>, "Katie Kaplan" <kaplan@iepa.com> cc: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>, "Sue Mara" <smara@enron.com>, "Steven Kelley" <steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff" <siliff@riobravo-gm.com>, "Stephanie Newell" <stephanie-newell@reliantenergy.com>, "Roger Pelote" <roger.pelote@williams.com>, "Richard Hyde" <rwhyde@duke-energy.com>, "Randy Hickok" <rjhickok@duke-energy.com>, "Rachel King" <rachel.king@elpaso.com>, "Paula Soos" <paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky" <lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman" <khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>, "Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall" <jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>, "Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>, "Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa" <fderosa@sanfrancisco.usgen.com>, "Eric Eisenman" <eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David Parquet" <dparque@ect.enron.com>, "Curtis Kebler" <curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>, "Craig Chancellor" <craigc@calpine.com>, "Cody Carter" <cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill Carlson" <william_carlson@wastemanagement.com>, "Scott Sadler" <sadlersa@earthlink.net>, "Andy Brown" <ABB@eslawfirm.com>, "Chris Ellison" <CTE@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Dave Modisette" <dmodis@ns.net>, "Susan McCabe" <smccabe@mccabeandcompany.net>, "Scott Govenar" <sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini" <rventurini@teamgsi.net>, "Phil Isenberg" <Isenberg@HMOT.com>, "Mike Monagan" <mrmonagan@aol.com>, "Maureen OHaren" <Oharen@HMOT.com>, "Marie Moretti" <mmoretti@mccabeandcompany.net>, "Jamie Parker" <jparker@hmot.com>, "Hedy Govenar" <hgovenar@govadv.com>, "Delany Hunter" <dhunter@s-k-w.com>, "Chuck Cole" <ccole@advocation-inc.com>, "Bev Hansen" <bhansen@lhom.com>, "Anne Kelly" <kelly@hnks.com>, "Fred Pownall" <fred_pownall@ka-pow.com> Subject: Legislative Status Report Week Ending 3/30 Date: 3/30/01 To: Jan Smutny-Jones, Steven Kelly, Katie Kaplan Cc: IEP Board of Directors From: Julee Malinowski-Ball, Edson + Modisette RE: Legislative Status Report Week Ending 3/30 RECENT EVENTS: -- SB 28x (Sher/Battin), which makes various changes to the siting process including many IEP-sponsored proposals, passed off the Senate floor last week 37 to 1. Asm. Wright
,s office is now working with the authors and IEP to make additional changes to the bill, as opposed to moving more siting issues in AB 36x (Wright) (although that is still an option). Chris Ellison and I are continuing to work with the authors
, staff to develop additional language. The bill is scheduled to be heard on Monday in the Assembly Energy Costs and Availability Committee. We are waiting to review new language from the author
,s office. At this point we are recommending the bill does NOT move forward without this additional language. I will let members know the status of these amendments before the hearing. -- IEP has a meeting with the newly-elected Assembly Republican Leader Dave Cox (Sacramento) on Tuesday at 8:30 am to discuss the Republican
,s position on siting and direct access, and possibly linking those issues with the passage SB 5x (Sher), the billion dollar energy conservation bill on the Assembly side. Although they are not the only issues IEP and its members want resolved in this legislative session, they are currently the most visible and active issues with the best chance of passage. -- AB 60x (Hertzberg), which ties to the siting process the requirement that a developer enter into a contract to sell power to specified California entities, is out of the Assembly on a 64 to 12 vote. The bill will be heard in the Senate Energy Committee next. IEP members have agreed on amendments to the bill which it will present to the Speaker, however, it and its members will be meeting with members of the Senate Energy Committee to stop the bill. IEP
,s opposition message is twofold: 1) the bill creates another obstacle in the siting process when the state should be streamlining it; and, 2) as a net-importer, California would be sending the wrong signals to its neighboring states that send us power in our time of need. -- AB 8x (Migden), which would have given the EOB additional and undefined powers related to the coordination of operation and maintenance schedules, was gutted in the Senate last week and used as a vehicle for the State to get the generation component of the utilities
, rates, the San Diego rate cap extended to all customers, and kicking the QF issue to the CPUC. AB 8x in its new form, authored by Assembly Member Keeley, passed out of the Senate, but failed to get enough Republicans to vote for the bill on the Assembly floor. The biggest opposition came primarily from the gas-fired QFs which wanted to be exempt from the measure
,s QF provisions. Migden
,s office has communicated its intention to move forward with the language previously in AB 8x, although in a different vehicle not yet identified. There remains a commitment on the table to meet with IEP to discuss amendments. IEP member company lobbyists have agreed to continue lobbying her office to urge her to wait hearing the bill again until this meeting has happened. -- There appears as if there is going to be another attempt at moving QF legislation next week. SB 66x (Bowen) was introduced on Wednesday in which a Senate Floor analysis was already prepared. The measure is still in spot-bill format, but rumor has it
&they
8 are working on language as we speak. Be prepared for anything. -- Senator Burton
,s office is sending IEP another set of amendments attempting to solve our problem with the eminent domain provision in SB 6x (Burton), which is the state power authority measure. I will report on the status of these amendments once we have had a chance to review them. -- SB 39x (Speier), which would define generators as public utilities and put the CPUC in the role of coordinating outages and maintenance schedules, remains on the Senate floor awaiting a vote. There is no action item on this measure at this time. -- Regular session is getting under way in conjunction with the on-going special session hearings. IEP has taken a support position on the following bills which are scheduled for hearings next week: SB 64x (Costa), which expands to Biomass-to-Energy grant program; AB 49x (Campbell), AB 226 (Campbell), and SB 30x (Brulte), each of which would allocate property tax revenues from new power plants exclusively to the residing local government; and, AB 1138 (LaSuer), which in its introduced form would provide low-interest loans for repower projects and peaker plants, with specified conditions. -- Attached is the most recent legislative tracking reports, both the special session and regular session. Please let me know if you need copies of any of these bills. UPCOMING EVENTS: MONDAY, April 2nd -- Assembly Energy Costs and Availability Committee SB 28x (Sher) - siting -- Assembly Utilities and Commerce Committee AB 226 (Campbell)
) property tax revenues -- Assembly Revenue and Taxation Committee AB 49x (Campbell)
) property tax revenues -- Senate Environmental Quality Committee SB 64x (Costa)
) Biomass-to-Energy grant program -- Assembly ECA subcommittee on Natural Gas Natural Gas Cost and Availability Legislative Proposals TUESDAY, April 3rd -- Assembly Economic Development Committee AB 1138 (LaSuer)
) low-interest loans for repowers and peakers. WEDNESDAY, April 4th -- Senate Local Government Committee SB 30x (Brulte)
) property tax revenues THURSDAY, April 5th Spring recess begins upon adjournment of session. ON THE ASSEMBLY FLOOR AB 8x (Keeley) ON THE SENATE FLOOR SB 33x (Burton)
) transmission measure. SB 39x (Speier)
) coordination of outages and maintenance scheduling. --end-- Julee Malinowski-Ball Senior Associate Edson + Modisette 916-552-7070 FAX-552-7075 jmball@ns.net - 2001 Tracking Report.special session.doc - 2001 Tracking Report.doc

Ok guys I've taken a stab at #5. I valued the company by taken the NPV of future after tax net earnings (see attached speadsheet-right side of exhibit 1). To get a value of $28/share I calculate Netscape would have to grow at 17.75%/year from 1995 to 2005. Please scrutinize my strategy and give me feedback. Jimmy - NETSCAPE.XLW

Jerry: Here is the latest "CA" with everyone's changes. I feel that this is pretty close to the best we can offer in terms of the stand-still and non-solicitation agreements. Enron usually does not get into stand-still agreements, so doing this one was a big step for Enron. Look forward to talking to you tomorrow morning. Thanks for your patience. Again, this is a draft copy for discussions purposes only. Regards, Ben

Start Date: 3/31/01; HourAhead hour: 13; No ancillary schedules awarded. Variances detected. Variances detected in Generation schedule. LOG MESSAGES: PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001033113.txt ---- Generation Schedule ---- $$$ Variance found in table tblGEN_SCHEDULE. Details: (Hour: 13 / Preferred: 0.00 / Final: 0.00) TRANS_TYPE: FINAL SC_ID: ARCO MKT_TYPE: 2 TRANS_DATE: 3/31/01 UNIT_ID: CARBGN_6_UNIT 1 ---- Energy Import/Export Schedule ---- *** Final schedule not found for preferred schedule. Details: TRANS_TYPE: FINAL SC_ID: ECTRT MKT_TYPE: 2 TRANS_DATE: 3/31/01 TIE_POINT: SYLMAR_2_NOB INTERCHG_ID: EPMI_CISO_DFISH ENGY_TYPE: NFRM

Dear Americans, Here's another great forward from Newsmax. Check it out. For America, Bruce Eberle -----Original Message----- Book that predicted attacks, economic slump, has MORE WARNINGS . . . This New Book Tells the Whole Story About Bill & Hillary Just before Bill and Hillary Clinton left the White House NewsMax published "Bitter Legacy: The Untold Story of the Clinton-Gore Years." Edited by journalists NewsMax's Chris Ruddy and Carl Limbacher, "Bitter Legacy" was about the Clinton years -- and a grave warning about the future. As you know, NewsMax.com is the leading online news service for thinking conservatives. You've heard of us on Rush Limbaugh, Bill O'Reilly, Mike Reagan, Mike Savage and Sean Hannity. Already NewsMax's book "Bitter Legacy" has become an internet best-seller, with more than 50,000 copies sold and growing. Now "Bitter Legacy" is viewed as "prophetic." One reader wrote to us, "This is the best book on the Clinton years I have ever read. It also has been a great road map for the future. You've been proven right already." "Bitter Legacy" predicted America would pay the bill for the Clintons after they left the White House. "Bitter Legacy" said America would become vulnerable to foreign attack, and that foreign crises would dominate this current administration. "Bitter Legacy" showed how the Clinton White House and Alan Greenspan built the U.S. economy on a house of cards -- and that an economic fallout would most assuredly happen. On both counts, NewsMax was right! You need to get a copy of "Bitter Legacy" today and read its important predictions about Hillary, future wars and the economy. Also check out our FREE offer to get "Bitter Legacy" free with a one-year subscription to NewsMax magazine. Michael Reagan says NewsMax and NewsMax magazine are his favorite news sources. He said, "I guarantee you'll love NewsMax magazine." NewsMax magazine you'll read Chris Ruddy, Bill O'Reilly, David Limbaugh, Mike Reagan, Mike Savage and many others. Take advantage of this incredible offer: Order NewsMax magazine and get "Bitter Legacy" for FREE. Read more about "Bitter Legacy" Click Here: http://www.newsmaxstore.com/nm_mag/offers.cfm?RefID=3 <a href="http://www.newsmaxstore.com/nm_mag/offers.cfm?RefID=3" >AOL users click here</a> ============================================================ If you received this e-mail from a friend and would like to regularly receive Millions of Americans Activist Alerts, please click the link below to join. http://www.millionsofamericans.com/joinmoa.cfm?A=598 AOL FRIENDLY LINK: <A HREF = "http://www.millionsofamericans.com/joinmoa.cfm?A=598" >JOIN</A> ------------------------------------------------------------ If you already receive Millions of Americans Activists Alerts and would like to unsubscribe, please visit our web site at: http://www.millionsofamericans.com/home/unsubscribe.cfm?email=ebass@enron.com AOL Users: <A HREF="http://www.millionsofamericans.com/home/unsubscribe.cfm?email=ebass@enron.com">Unsubscribe</A> ============================================================

Steve: Here are the talking points and Dan's backup document. As you can see, both documents focus on using the CRT proceeding or the Petition for Rulemaking proceeding as the procedural vehicle for FERC to act, but we shouldn't have to make too many changes to the talking points to incorporate the new ideas we discussed with Adam this morning. Let me know what you think. Sarah

Not really. I tried to get to talk to her but never could get an opportunity. Jim -----Original Message----- From: Landwehr, Susan M. Sent: Monday, October 15, 2001 3:08 PM To: Steffes, James D. Cc: Hueter, Barbara A.; Nord, Sue Subject: Arnetta McRae (Delaware) Jim--Arnetta McRae, a commisioner from Delaware, will be on the RtO panel on Thursday. We don't have any relationships with her, but I know that she was at the GENIE event in D.C. last week. Did you get any sense of where she is on the RTO issues, other than she felt slighted that FERC didn't pay attention to her and the other commissions?

Southern Company Energy Marketing LP changed their name to Mirant Americas Energy Marketing, LP. This record will be overlayed in GCP in the next few days.

Attention Enron Leaders!!!!! Due to an overwhelming response to last year's offerings, we're bringing back the Supervisory Leadership Series just in time to address PRC feedback. There are 5 topics to choose from, or attend the entire series, it's up to you. The classes are: Working Styles: Working with People Effectively Tuesday, February 27th 8:00am - 12:00pm in room EB560 $300 This module helps participants understand how they perceive others and how others perceive them on the basis of behavioral clues. It also discusses what they can learn from those clues about working together effectively. As a result of the module, participants will experience less interpersonal tension with members of the team, or work unit, as a result of knowing how to adapt to others
, styles. They will also attain a more collaborative focus at work because of energy saved from lack of interpersonal tension. - Understand the features of the four basic working styles - Understand how others perceive you with regard to working styles - Understand the concept of versatility and how it impacts working together effectively - Practice versatility skills - Understand the supervision and leadership issues relating to working styles Motivating for Results Tuesday, February 27th 1:00pm - 5:00pm in room EB 560 $300 This module will explore the supervisor
,s or team leader
,s role in establishing conditions that allow direct reports and team members to motivate themselves. As a result of the module, participants will gain new models and tools to use in ways that influence employee motivation. - Understand the Performance With Fulfilment module - Define motivation - Relate the five factors of the Leadership and Motivation Model to motivation - Apply skills/tools to put the Leadership and Motivation Model into practice - Create an action plan for specific direct reports or team members Communicating Effectively for Leaders Wednesday, February 28th 8:00am - 5:00pm in room EB 560 $500 Participants will learn the skills that facilitate and promote good communication, as well as the behaviors that indicate a willingness to communicate with others. As a result of the module, participants will have new models and tools that enhance their willingness and ability to communicate in the workplace. - Understand the reason for, and consequences of, poor communication - Apply the tools of good communication: Responsive Listening, Questioning, Restating, and Empathy - Practice using these communication tools in a work situation - Identify behaviors that indicate positive and negative attitudes toward communicating with others - Develop a strategy for overcoming barriers to using communication skills on the job Delegating and Directing Thursday, March 1st 8:00am - 12:00pm in room EB 560 $300 Participants learn to balance two dimensions of management: delegating appropriate responsibility and authority to employees, while maintaining sufficient monitoring and control. As a result of the module, participants will be able to utilize management practices that enhance efficiency and empowerment of employees. - Understand the relationship between delegating and directing - Understand the task-related and employee-related considerations for successful delegating and directing - Identify opportunities for increasing and enhancing delegation and direction on the job - Support the increase of commitment and productivity while reducing managerial stress Meeting Leadership Challenges Thursday, March 1st 1:00pm - 5:00pm in room EB 560 $300 This module introduces the challenges and rewards of managing people and helps participants create a plan for successfully meeting leadership challenges. As a result of the module, participants will have an understanding of the supervisory leadership role, and of their strengths as they apply their leadership knowledge and skills. - Recognize three skills needed to survive in times of accelerated change - Review the process of growth and change as explained by the Growth Curve - Understand the skills and abilities required of Doers and Managers - Develop a vision of the ideal manager/supervisor/team leader - Do a reality check through self-assessment. - Create an action plan to develop the skills, abilities and confidence to make the vision a reality Coaching for Performance Friday, March 2 8:00 am - 12:00 pm in room EB560 $300 Participants will understand and practice coaching skills for improving and maintaining job performance and commitment. As a result of the module, participants will learn new approaches and tools to use in the workplace that improve job skills, reinforce and increase performance levels, and enhance employee job satisfaction and commitment. - Understand the definition and purposes of coaching - Use performance-problem analysis to identify the cause(s) of performance problems and determine what the coaching focus should be - Practice performance observation and document skills To register for any of these classes, click here (), or call 713 853-0357.

Chris, Can you send or fax me a copy of the contract between us/Citizens and EARMS? I don't have a copy and i need one in order to get these invoices processed. thanks, Kim

FYI/action re: DeMoes ---------------------- Forwarded by David W Delainey/HOU/ECT on 11/13/2000 07:08 PM --------------------------- Janet R Dietrich 11/13/2000 02:08 PM To: David W Delainey/HOU/ECT@ECT cc: John J Lavorato/Corp/Enron@Enron Subject: Re: Org Chart My idea would be to confirm that appropriate due diligence has been done. Has the mid-year performance evaluation been reviewed? Has his two direct supervisors been contacted (Ozzie Pagan and Gil Muhl) for specific input into this? Once all this has been confirmed and everyone has agreed, you should make a decision to either re-deploy him to another area or offer him a severence package. My recommendation would be to have him in a coverage role in Southeast gas.

The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=08/30/2001>, published as of 08/30/2001 is now available for viewing on the website.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Did a friend forward this to you? Get on the Bush eTrain and have updates sent directly to you: http://www.BusheTrain.com. Unsubscribe/address change links are at bottom. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Bush News November 10, 2000 http://www.georgewbush.com AOL: <a href=http://www.georgewbush.com>GeorgeWBush.com</a> Contents: 1 Statement from Secretary James A. Baker III 2 Statement from Karen Hughes 3 FL Papers: FL County Dems Try Filling in Blanks on Ballots; Buchanan Numbers Possible 4 Democrats Urge Gore to Quit Legal Wrangling 5 New York Times, Washington Post, Others: Revote or Court Remedy Politically Unsound and Legally Questionable _________________________________________________________________ 1 STATEMENT FROM SECRETARY JAMES A. BAKER III The American people voted on November 7. Governor George W. Bush won 31 states with a total of 271 electoral votes. The vote in Florida was very close, but when it was counted, Governor Bush was the winner. Now, three days later, the vote in Florida has been recounted. Over two-thirds of the state election supervisors overseeing the recount are Democrats. At the end of this recount, Governor Bush is still the winner, subject only to counting the overseas ballots, which have traditionally favored the Republican candidate. No evidence of vote fraud either in the original vote or in the recount has been presented. Now the Gore campaign is calling for yet another recount in selective and predominantly Democratic counties where there were unexplained large vote swings in their favor in the recount. It appears that the Gore campaign is attempting to unduly prolong the country's national Presidential election through endless challenges to the results of the vote here in Florida. Furthermore, the more often ballots are recounted, especially by hand, the more likely it is that human errors, like lost ballots, and other risks, will be introduced. This frustrates the very reason why we have moved from hand counting to machine counting. Let me say a word specifically about the Palm Beach ballot. There is a rule of law to be followed for elections. The state of Florida has established legal procedures to design, approve, publish and, if need be, to protest ballots before the election. The ballot was designed by a Democratic elections supervisor. She approved it. The Democratic Party did not question it before the election. This "butterfly"-type ballot was used in recent elections in the same county under the same rules. Again, the Democrats did not complain. The overwhelming majority of voters who used the ballot understood it and cast valid votes. Our lawyers have confirmed the legality of this ballot, and we have copies of the relevant Florida statute available for you to see. The Gore campaign has also tried to make a lot of the fact that double marked ballots are not counted. A key principle in America is one person, one vote. If we have ballots with two votes, of course we cannot count them or guess about them. Ballots that are double-marked can't be evidence of the voter's intent to vote one way or another. No jurisdiction in the United States would accept such a ballot as a valid vote, and Florida law specifically does not. It happens in every precinct in every election. And the procedure is clear: These ballots must be disregarded. We understand, and I understand personally, that it is frustrating to lose by a narrow margin. But it happens. It happened to the Republican Presidential candidates in 1960 and 1976. Both Vice President Nixon and President Ford put the country's interest first. They accepted the vote for the good of the country. It is important that there be some finality to the election process. What if we insisted on recounts in other states that are very close? For example, in Wisconsin, Iowa, (and if we don't win) New Mexico. Let the country step back a moment, pause, and think about what's at stake. This may be the last chance. There is no reasonable end to this process if it slips away. The purpose of our national election is to establish a "Constitutional government," not unending legal wrangling. We will therefore vigorously oppose the Gore campaign's efforts to keep recounting until it likes the result. For the good of the country and the sake of our standing in the world, the campaigning should end, and the business of an orderly transition should begin. _________________________________________________________________ 2 STATEMENT FROM BUSH COMMUNICATIONS DIRECTOR KAREN HUGHES: "The vote count on Tuesday night showed Governor Bush won Florida's election, and a recount has now confirmed his victory. The only votes left to be counted are the overseas absentee ballots, which in the past have favored Republican candidates. Bob Dole carried the overseas ballots in Florida in 1996 by a margin of 54 to 40 percent, even though he lost the election in Florida. We hope Vice President Gore and his campaign will reconsider their threats of lawsuits or still more recounts, which could undermine the constitutional process of selecting a President and has no foreseeable end." _________________________________________________________________ 3 Palm Beach Post Capital Bureau NORTH FLORIDA COUNTY TRIES TO FILL IN BLANKS ON BALLOTS http://www.gopbi.com/partners/pbpost/epaper/editions/today/news_16.html Palm Beach News SUPPORTERS: BUCHANAN NUMBERS POSSIBLE http://www.gopbi.com/partners/pbdailynews/11/1110buchanan.html _________________________________________________________________ 4 DEMOCRATS URGE GORE TO QUIT LEGAL WRANGLING "Senator John B. Breaux, a Louisiana Democrat, questioned the Gore campaign's wisdom in challenging the Palm Beach result. The right thing, Mr. Breaux said, 'is to count the votes and respect the decision,' without lengthy litigation. And Senator Robert G. Torricelli, Democrat of New Jersey, warned against getting mired in the courts... "'I want Al Gore to win the election,' Mr. Torricelli told reporters, 'but more than that, I want somebody to win this election. There is going to have to be a very compelling case for anybody to take this into a court of law.'" - The New York Times' R. W. Apple, Jr., 11/10/00 _________________________________________________________________ 5 NEW YORK TIMES, WASHINGTON POST, OTHERS: REVOTE OR COURT REMEDY POLITICALLY UNSOUND AND LEGALLY QUESTIONABLE "The problem is that potential remedies, such as a new election in Palm Beach County, seem politically unsound and legally questionable. The sad reality is that ballot disputes and imperfections are a feature of every election. It will poison the political atmosphere if presidential elections, in particular, come to be seen as merely a starting point for litigation." - New York Times, Editorial, 11/10/00 http://www.nytimes.com/2000/11/10/opinion/10FRI1.html "We say yes to counting a little more, but the legal action about which Mr. Daley spoke elliptically should be approached with enormous caution and restraint. Absent more than is currently known, our sense is that either a lawsuit or a repeat vote would raise at least as many questions as it would likely resolve; the courts in the end can't legitimize the results." - Washington Post, Editorial, 11/10/00 http://www.washingtonpost.com/wp-dyn/articles/A57302-2000Nov9.html "Some folks are even calling for a rerun of the Florida election. It is important to decide this election by the rules that 100 million Americans understood -- or should have understood -- when they entered the voting booth Tuesday. This is not just about fair play for Al Gore and George W. Bush. It is about defending a system that regards voting-day verdicts as the final word, a concept that distinguishes this nation from most others in the world." - San Francisco Chronicle, Editorial, 11/9/00 "'You know, I don't think the ballot was a problem, Bill and I'll tell you why-is that there's one section I don't know if people are really looking at, which relates to electronic or electromechanical voting. And in that particular case, what the law says down here, it says 'Voting squares may be placed in front of or in back of the names of candidates and statements.'" - CNN's "Crossfire," Greta Van Susteren, 11/09/00 "If you start saying the ballot should be thrown out because of confusion, I think that cases like that could be brought all over the country." - CNN's Larry King Live, Bill Schneider, 11/8/00 _________________________________________________________________ Paid for by Bush-Cheney 2000, Inc. http://www.georgewbush.com ============================================================================== To unsubscribe, please go here: http://www.georgewbush.com/unsubscribe.asp?email=EBASS@ENRON.COM To change your e-mail address or any other subscription information, please go here: http://www.georgewbush.com/MyGeorgeW.asp

For the month of June there will be weekly Budget Meetings every Tuesday @ 11:00 a.m. in EB32C2. Please mark your calendar accordingly. Please notify me only if you are unable to attend. June 5, 12, 19 & 26 in EB32C2 @ 11:00 a.m. Many Thanks, Liz Taylor x31935

Just talk to Mike on figures-why do you need them

Since we miss each other on the phone, thought I'd drop you an e-mail. Our open season was oversubscribed. We plan to expand the project to about 60 MMcfd from the 42 MMcfd quoted in the open season. Please advise what, if any, paperwork you believe we need to put in place for Natural to deliver about 60 MMcfd to TW at the existing Eddy County interconnect. Our plan is to replace the existing measurement facilities with a new ultra sonic meter. Dampening facilities would be installed due to compression being installed at the point. Let me know what other thoughts you might have. Duane Kokinda Director, Business Development 713-369-9409

we have about a $25,000 claim which they objected to. they have now agreed to withdraw objection. Lisa J. Mellencamp Enron North America Corp. 1400 Smith St. Houston, TX 77002 Tel: (713) 853-7986 Fax: (713) 646-3393

Let's make sure that he gets our list of FERC Commissioner candidates (with special emphasis on Wood and Brownell). Richard Shapiro 01/02/2001 02:19 PM To: Steven J Kean/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON cc: Subject: Spencer Abraham, note from Janine and Barbara FYI ---------------------- Forwarded by Richard Shapiro/NA/Enron on 01/02/2001 02:19 PM --------------------------- Barbara A Hueter 01/02/2001 02:10 PM To: Richard Shapiro/NA/Enron@Enron cc: Subject: Spencer Abraham, note from Janine and Barbara ---------------------- Forwarded by Barbara A Hueter/NA/Enron on 01/02/2001 02:10 PM --------------------------- Barbara A Hueter 01/02/2001 02:06 PM To: Richard S Shapiro, Linda Robertson/NA/Enron cc: Subject: Spencer Abraham, note from Janine and Barbara Rick, We just heard the news that Spencer Abraham is being named Secretary of Energy. Jim Crawford, our lobbyist in Michigan, has an excellent relationship with Spencer Abraham. They are very good friends from their college days and through the years. They have also worked together on numerous political campaigns. Last October at Governor Engler's request, Ken Lay wrote a personal check for $25,000 and we issued a corporate check for $25,0000 to the chamber of commerce to support Spencer. This is not to mention any other support he may have recieved from our PAC. Jim has always been willing in the past to faciliate meetings with Senator Abraham and will still be willing to do so with Secretary Abraham. I am sure our DC office has a relationship with him, but feel free to contact Jim Crawford should you need any assistance. He can be reached at 517-482-5000. Janine. Barbara.

I have had two conversations with Mr. Dawson and others re a GISB for this muni. However, no one there is interested in putting a contract in place. Please let me know how you would like to proceed with this matter. DP 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

Please add this name to the Virginia Power part of the list. ---------------------- Forwarded by Kay Mann/Corp/Enron on 09/12/2000 10:56 AM --------------------------- Heather Kroll@ECT 09/12/2000 10:44 AM To: Ben Jacoby/HOU/ECT@ECT cc: Ozzie Pagan/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron Subject: VEPCO Interconnection Agreement Ben, I spoke with the VA Power contact today who is responsible for the interconnection agreement. His name is Wayne Duman (804.257.4096, Wayne_Duman@dom.com). He suggested e-mailing him dates when Enron was available to go to Richmond to discuss the interconnect. I don't know if you want to go or if you plan on sending one of the developers, but will you schedule this meeting (since I won't be negotiating this part of it). Thanks. Let me know if you have any problems. Heather

Thanks! Kate Symes Enron North America Trading Support 503-464-7486

i should be over today at some point in time. -----Original Message----- From: Hillman, Liz Sent: Monday, April 01, 2002 10:14 AM To: Parks, Joe Subject: Welcome!!!! Can't wait for you to get over here!

---------------------- Forwarded by Jane M Tholt/HOU/ECT on 06/23/2000 12:57 PM --------------------------- "Bautista, Larry L." <BautistaL@EPEnergy.com> on 06/23/2000 11:18:22 AM To: ALEX GOLDBERG <agoldberg@lgl.twc.com>, AMY BLAUMAN <amy.blauman@ferc.fed.us>, ANDREW KOLESAR <abk@sloverandloftus.com>, BARBARA JOST <bjost@huberlaw.com>, BARBARA WHITTAKER <bwhitta@pnm.com>, BARRY GRAY <bgray@epelectric.com>, BOB GRAY <bgray@cc.state.az.us>, BRUCE CONNELL <bruce.a.connell@usa.conoco.com>, CARLA JOHNSON <carla.j.johnson@usa.conoco.com>, CAROLYN CORWIN <ccorwin@cov.com>, CATHY BULF <cbulf@oneok.com>, "Cox, Robin" <CoxR@EPEnergy.com>, CURT BRECHTE <cbrechte@apsc.com>, DARRYL SMETTE <darryl.smette@dvn.com>, DAVID CLARK <dclark@sempra.com>, DAVID HUARD <dlh@jmbm.com>, "DAVID I. BLOOM" <dbloom@mayerbrown.com>, DEBBIE SWANSTORM <daswanstrom@verner.com>, DEBRA BOLTON <debra.bolton@bakerbotts.com>, DIANE MCVICKER <dbmcvick@srpnet.com>, "DONALD G. AVERY" <dga@sloverandloftus.com>, "DONALD W. PETERSEN" <dwp9@pge.com>, DONNA FULTON <dfulton@enron.com>, DOUG CANTER <dmcwash@mshpc.com>, DOUG SCHANTZ <doug_schantz@kmmktg.com>, "DOUGLAS K. PORTER" <porterdk@sce.com>, ED ROSS <earo@dynegy.com>, "ELISABETH R. MYERS-KERBAL" <emyerskerbal@shb.com>, ERIC EISENMAN <exe3@pge.com>, FRANK LINDH <frl3@pge.com>, GERARDO ESPINOSA <gespinosa@gas.pemex.com>, GORDON SMITH <gsmith@jhenergy.com>, HARVEY MORRIS <hym@cpuc.ca.gov>, JAMES MCGREW <jhmcgrew@brugen.com>, JAMES MORIARTY <jmoriarty@fw-law.com>, JANE THOLT <jane.m.tholt@enron.com>, JANICE ALWARD <jalward@cc.state.az.us>, JENNIFER HEIN <jennifer.hein@gen.pge.com>, JOANN RUSSELL <joann.russell@et.pge.com>, "JOEL L. GREENE" <jlgreene@energyadvocates.com>, JOHN GREGG <jgregg@mbolaw.com>, JOHN HESTER <john.hester@swgas.com>, "JOHN P. ARMATO" <jpa3@pge.com>, "JOHN P. BEALL" <bealljp@texaco.com>, "JOHN R. STAFFIER" <jstaffier@sdsatty.com>, JUDY JOHNSON <jaheineman@aol.com>, JUNE SUWARA <jsuwara@sempra.com>, KAREN TOMCALA <karen.tomcala@pge-corp.com>, KARYL LAWSON <karyl_lawson@kmmktg.com>, KATHIE EDWARDS <kbedwards@gkrse-law.com>, "KATHLEEN L. MAZURE" <klm@dwgp.com>, KAY KERN <kernks@sce.com>, KEITH MCCREA <kmccrea@sablaw.com>, "KELLY A. DALY" <kadaly@moheck.com>, KEVIN LIPSON <kjlipson@hhlaw.com>, "KIM M. CLARK" <kclark@jhenergy.com>, L PERSON <l.person@czn.com>, LARRY BLACK <llblack@ibm.net>, LUIS MANUEL PADILLA <lpadilla@gas.pemex.com>, M BERGERN <mbergero@czn.com>, MARIA OROPEZA <oro@cpuc.ca.gov>, MARK FENTON <mfenton@pnm.com>, "MARK T. MITCHELL" <mitchellm2@epenergy.com>, "MARK W. SCHWIRTZ" <mschwirt@aepnet.org>, MIKE MCELRATH <mmcelrath@phelpsdodge.com>, NORMAN PEDERSEN <napedersen@jonesday.com>, PATRICIA ANDERSON <pat.anderson@southernunionco.com>, PATRICK BROWN <pabrown@socalgas.com>, "PATRICK G. GOLDEN" <pgg4@pge.com>, PAUL KEELER <pkeeler@br-inc.com>, PENNY BARRY <barryp@bp.com>, PETE FROST <pete.frost@usa.conoco.com>, PETER CERVIN <pcervin@br-inc.com>, RANDY RICH <rrich@bracepatt.com>, REBECCA CANTRELL <rebecca.w.cantrell@enron.com>, RICHARD JORDAN <richard.jordan@swgas.com>, RICHARD MILES <richard.miles@ferc.fed.us>, RICHARD STAPLER <richard.stapler@williams.com>, ROB DAVIS <redavis@sempra.com>, ROBERT FOSS <rfoss@coral-energy.com>, SANDRA ROVETTI <sjs@cpuc.ca.gov>, SARAH TOMALTY <seto@dynegy.com>, SHERRI BOOYE <sbooye@skadden.com>, "SHERRI L. BOOYE (2)" <nizra@earthlink.net>, STEVE KEEHN <skeehn@sempra.com>, STEVE TARPEY <tarpeysp@bp.com>, SUSAN GINSBERG <susan.ginsberg@coastalcorp.com>, TED MCMURTRIE <edward.mcmurtrie@swgas.com>, TOM CARLSON <tcarlson@apsc.com>, TOM ROTH <tom.roth@et.pge.com>, VIRGIL SPURGEON <vrspurg@ppco.com>, WAYNE ELLIS <wayne.ellis@williams.com>, "WILLIAM S. SCHERMAN" <wscherma@skadden.com> cc: "Tomlinson, Robert T." <TomlinsonR@EPEnergy.com>, "Healy, William H." <HealyW@EPEnergy.com>, "Ferguson, Michael D." <FergusonM@EPEnergy.com>, "Clark, Al W." <ClarkA@EPEnergy.com>, "Shelton, Patricia A." <SheltonP@EPEnergy.com>, "Derryberry, Richard L." <DerryberryR@EPEnergy.com> Subject: El Paso's Data Response in RP99-507 See attached letter and spread sheets relating to the June 12 ADR Conference. > <<Data Response of June 21.doc>> <<June 12 With SOH Upgrade But No EOC > Advantage.xls>> <<June 12 Without SOH Upgrade And No EOC Advantage.xls>> ****************************************************************** This email and any files transmitted with it from El Paso Energy Corporation are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender. ****************************************************************** - Data Response of June 21.doc - June 12 With SOH Upgrade But No EOC Advantage.xls - June 12 Without SOH Upgrade And No EOC Advantage.xls

---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 12/13/2000 05:54 PM --------------------------- Kathy Mayfield 12/13/2000 05:07 PM To: Rosalee Fleming/Corp/Enron@ENRON cc: Elyse Kalmans/Corp/Enron@ENRON Subject: Thank you for the Charitygift I'm not sure how this message got in the format below, but reading between the lines, it reads: Jeff Skilling, What a great idea!! Thanks for including me. See you soon. Bill ---------------------- Forwarded by Kathy Mayfield/Corp/Enron on 12/13/2000 04:39 PM --------------------------- wvlarkin@travisintl.com on 12/13/2000 04:35:51 PM To: kathy.mayfield@enron.com, Jeff@ns1.charitygift.com, Skilling@ns1.charitygift.com, What@ns1.charitygift.com, a@ns1.charitygift.com, great@ns1.charitygift.com, idea!!@ns1.charitygift.com, Thanks@ns1.charitygift.com, for@ns1.charitygift.com, including@ns1.charitygift.com, me.@ns1.charitygift.com, See@ns1.charitygift.com, you@ns1.charitygift.com, soon.@ns1.charitygift.com, Bill@ns1.charitygift.com cc: Subject: Thank you for the Charitygift

Set up meeting re Mt. St. Helens for next week

Elizabeth, The original delivery points for these contracts were: 25841 40,000/d to Topock 26511 21,000/d to Needles TK tells me that now the delivery points are: 25841 29,000/d to Topock 11,000/d to Needles 26511 11,000/d to Topock 10,000/d to Needles Can you tell me if this is correct? If yes, will these delivery points and volumes be in effect until the end of the contract? Can they be changed again? Do we have paperwork documenting the change? Craig Buehler told me that Dennis Lee x-3-7115 could be of assistance. Could you speak with him? I will be out for the rest of the week. Please call me at 713 825-8046 when you figure this out. Many Thanks, Paul

John O'Shea was still looking for the revenue back up to the 2002 plan numbers. Do either one of you have this?

Attached is a document formatted in Word 6.0 - 1003-461-147 word 6.0.doc

Jeff I am forwarding an invitation that has come via our Oslo office. This is the highest profile energy event in the Nordic region and if it is possible for you or Ken to speak at it our team thinks it would be quite useful to our business in the region. John

The total mark to market value for US Gas EOL deals as of 09/29/2000 was: $513,520,526 Physical deals totalled $1,961,760. Financial deals totalled $511,558,766. Let me know if you have any questions. Thanks, Errol, X5-8274 From: Torrey Moorer @ ECT 10/06/2000 09:19 AM To: Errol McLaughlin/Corp/Enron@ENRON, Jeffrey C Gossett/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Kathy Reeves/CAL/ECT@ECT, Brian Kristjansen/CAL/ECT@ECT, Dutch Quigley/HOU/ECT@ECT, Timothy M Norton/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT, Allan Ford@Enron_Development, Tracy Beardmore/NA/Enron@Enron cc: Subject: Monthly MTM Hi Everyone, I just wanted to let you all know that we will need the end-of-month MTM numbers from each group by Thursday of next week. The MTM values provided should be as of close of business 9/30/2000 and should be broken out between physical and financial. Just give me a call at x36218 if you have any questions or need any additional information. Thanks! Torrey

Scott, We have decided to alter the way in which we register people We have decided to send out passwords to all counterparties this summer which are Read Only and only when they return the PA signed do we alter the status of their password to execution status (subject to eveyone being happy with this). I would like to question the usefulness of the ROETA - why exactly do we need it - I don't seem to be able to figure it out - I propose we get rid of it. Louise Enron Capital & Trade Resources Corp. From: Frances.Norton@cliffordchance.com 16/07/99 17:19 To: ecooper@enron.co.uk cc: Christopher.Millard@cliffordchance.com, Timothy.Hughes@cliffordchance.com, lkitchen@enron.co.uk, ssefton@enron.co.uk, jboyd@enron.co.uk, Mark - ECT Legal Taylor/HOU/ECT, pgoddard@enron.co.uk, raislerk@sullcrom.com, gilbergd@sullcrom.com (bcc: Louise Kitchen/LON/ECT) Subject: ROETA Dear Edmund, As previously advised, I attach the clean copies of the ROETA's. Kind regards, Andrew Wilkinson <<87c302!.DOC>> <<87c602!.DOC>> <<87cf02!.DOC>> <<87cg02!.DOC>> <<87c$02!.DOC>> <<87cn02!.DOC>> <<87cp02!.DOC>> <<87cq02!.DOC>> <<87cs02!.DOC>> <<87df02!.DOC>> <<87dh02!.DOC>> <<87dj02!.DOC>> <<87d_02!.DOC>> <<87#002!.DOC>> <<87#802!.DOC>> <<8bd502!.DOC>> <<8bf502!.DOC>> <<8bxq01!.DOC>> - 87c302!.DOC - 87c602!.DOC - 87cf02!.DOC - 87cg02!.DOC - 87c$02!.DOC - 87cn02!.DOC - 87cp02!.DOC - 87cq02!.DOC - 87cs02!.DOC - 87df02!.DOC - 87dh02!.DOC - 87dj02!.DOC - 87d_02!.DOC - 87#002!.DOC - 87#802!.DOC - 8bd502!.DOC - 8bf502!.DOC - 8bxq01!.DOC

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 02:59 PM --------------------------- pdrexel@columbiaenergygroup.com on 12/27/99 02:40:37 PM To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT cc: Subject: FINAL - Tco Volumes for January 2000 on Mountaineer ---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/27/2000 02:47 PM --------------------------- KIM NOVSEK BIZIK 12/27/99 02:29 PM To: Joann Collins/CES/ColumbiaGas@ColumbiaGas cc: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne Swogger/CES/ColumbiaGas@ColumbiaGas, Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul Drexelius/CES/ColumbiaGas@ColumbiaGas, Jill Linkenauger/CES/ColumbiaGas@ColumbiaGas Subject: FINAL - Tco Volumes for January 2000 on Mountaineer Good Afternoon! On TCO's K# 38992, for the month of January 2000, I need the following FINAL volumes: St. Albans facility is 42 dth per day Charleston facility is 152 dth per day Please contact me if you have any questions!

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 02/27/2001 11:27 AM --------------------------- From: Mark Frevert/ENRON@enronXgate on 02/23/2001 01:12 PM To: Jeffery Ader/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Dana Davis/ENRON@enronXgate, Doug Gilbert-Smith/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Ben Jacoby/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Bruce Sukaly/Corp/Enron@Enron, Lloyd Will/HOU/ECT@ECT, Mark Tawney/ENRON@enronXgate, George McClellan/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT cc: Subject: FW: "Chinese Wall" Classroom Training Chinese Wall training of one hour has been scheduled on the dates listed below. The training is mandatory and allows EWS to continue operating all its businesses including equity trading without violating the securities laws. Please register for one of the four one-hour sessions listed below. Each session is tailored to a particular commercial group, and it would be preferable if you could attend the session for your group. (Your particular group is the one highlighted in bold on the list below.) Monday, March 5, 2001, 10:00 a.m.
) Resource Group Monday, March 5, 2001, 11:00 a.m.
) Origination/Business Development Monday, March 5, 2001, 3:30 p.m.
) Financial Trading Group Monday, March 5, 2001, 4:30 p.m.
) Heads of Trading Desks Each of the above sessions will be held at the downtown Hyatt Regency Hotel in Sandalwood Rooms A & B. Alternatively, two make-up sessions are scheduled for Tuesday, March 13, 2001 at 3:30 p.m. and 4:30 p.m. Location information for the make-up sessions will be announced later. Please confirm your attendance at one of these sessions with Brenda Whitehead by e-mailing her at brenda.whitehead@enron.com or calling her at extension 3-5438. Mark Frevert and Mark Haedicke

FYI Daren---On the 12th, there is a sale to Aquila on the Header system, for 10,000........I think we were supplying it with AEC. For whatever reason, I had the AEC 10.0 @ #11230 into Midcon...which isnt right because there was no market for it, and Midcon wasnt looking for it, but the Aquila deal was at #700 on WGR (Aquila). So I went ahead and changed the AEC ticket to match up with the Aquila deal. Let me know if you think it is incorrect. Thanks, Mark

Per discussions in Shelley's introductory meeting this morning, please mark your calendars to reflect a Strategy Meeting on Thursday of this week, March 28, 2:00 - 3:30 pm in ECN-39C1. Please let me know if there are any conflicts. Thanks in advance, adr Audrey D. Robertson Transwestern Pipeline Company email address: audrey.robertson@enron.com (713) 853-5849 (713) 646-2551 Fax

This person is an influential political columnist in Sacramento. Perhaps this column is the reason we're seeing a flurry of activity today -- hearings -- actions on an "omnibus" bill that has not been released to the public, etc. http://www.capitolalert.com/news/capalert05_20010404.html Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854

[IMAGE] SuperBowl.com Playoff Challenge -- Experience the NFL playoffs like never before. Select a team of 8 players and follow their performance from Wild Card week to the Big Game on Jan. 28. Maybe your team will be the big winner come Super Bowl Sunday! Click here to play for FREE. Answer 20 questions and win $1,000,000 !! The Active Army and the Army Reserve are always looking for smart, motivated soldiers. If you
,d like to find out more information about the Army or Army Reserve, just click here. Enter the Resorting to Golf Sweepstakes for a chance to win one of two 4-day/3-night deluxe Las Vegas golfing weekend. Airfare, transportation, hotel accommodations, golf and a world-famous breakfast can all be yours if you're one of our Grand Prize winners. Click here to get started now! You are receiving these e-reports because you have signed up for CBS SportsLine Fantasy Basketball. To customize, reschedule, or turn off these reports please click here . Summary?Standings? Team W L T Pct Back Strk Wks PF Back PA The Old School Fools 6 0 0 1.000 0.0 W6 2.0 6192.5 1.5 4321.5 Tribe Called PLove 4 2 0 0.667 2.0 W2 2.0 6194.0 0.0 5230.5 Fear 4 2 0 0.667 2.0 W1 1.0 5819.0 375.0 5052.0 Rude Boys (Not) 3 3 0 0.500 3.0 L2 1.0 4686.0 1508.0 4546.0 Farragut Academy 3 3 0 0.500 3.0 L1 0.0 4338.5 1855.5 4504.0 The Rounders 3 3 0 0.500 3.0 L1 0.0 3884.5 2309.5 4630.5 The Wave 1 5 0 0.167 5.0 W1 0.0 3094.0 3100.0 4359.0 Denvers Nuggets 0 6 0 0.000 6.0 L6 0.0 2880.5 3313.5 4445.5 Through games of 12/10/00 Summary?Schedule? Regular Season Period 6 (12/04/2000 - 12/10/2000) Team Score Farragut Academy 707 TRIBE CALLED PLOVE [IMAGE] 1127.5 Team Score Fear [IMAGE] 1022.5 THE ROUNDERS 851 Team Score Rude Boys (Not) 679.5 THE OLD SCHOOL FOOLS [IMAGE] 856.5 Team Score The Wave [IMAGE] 554 DENVERS NUGGETS 481 Home team in CAPS. Summary?Schedule? Regular Season Period 7 (12/11/2000 - 12/17/2000) Team Farragut Academy THE ROUNDERS Team Fear RUDE BOYS (NOT) Team The Old School Fools DENVERS NUGGETS Team The Wave TRIBE CALLED PLOVE Home team in CAPS. Player Updates?NBA Reports? Latest NBA Player News Eric Snow , G PHI - Rude Boys (Not) Updated 12/10/00 The 76ers placed Snow on the injured list with a stress fracture in his right ankle. Snow, who plays point guard next to star Allen Iverson, underwent a CT scan Thursday that revealed the stress fracture. He is expected to be out for six to eight weeks. Kenny Anderson , G BOS - Free Agent Updated 12/10/00 The Celtics activated Anderson on Sunday and placed guard Chris Carr on the injured list with a sprained left ankle. Anderson had been on the injured list since Nov. 6 with a fractured jaw. He had a wire removed from his jaw Dec. 6 and was cleared to practice Dec. 7. He missed 16 games with the injury. Erick Strickland , G NY - Free Agent Updated 12/10/00 Strickland sat out Saturday's home game against Denver due to a bruised leg. He was a valuable Fantasy player as a member of the Dallas Mavericks last season but is limited now by his lack of playing time with the Knicks. Emanual Davis , G SEA - Free Agent Updated 12/10/00 Davis missed his second straight start for the Sonics because of a sprained ankle. Forward Ruben Patterson started in place of Davis, with Rashard Lewis moving to shooting guard. Davis is a solid ballhandler and defender but doesn't have much Fantasy value. Elliot Perry , G PHO - Free Agent Updated 12/08/00 The Suns have signed veteran guard Elliot Perry. He will be used primarily as Jason Kidd's backup but has limited Fantasy value. Chris Dudley , C PHO - Free Agent Updated 12/08/00 Dudley was activated from the injured list and started in Thursday's game at Milwaukee. With the lack of depth at center, Dudley could be of good use in a larger Fantasy league, but don't use him in a smaller one. Ruben Garces , F PHO - Free Agent Updated 12/08/00 Garces was placed on the injured list to make room for C Chris Dudley. Garces is suffering from a bulging disc in his back. He is used primarily as a third center so he doesn't have a lot of Fantasy value. Donyell Marshall , F UTA - Free Agent Updated 12/08/00 Marshall had missed the two games prior to Thursday's action because of a sprained knee, but returned to the lineup against Vancouver and had seven points and three rebounds in 14 minutes. Because Marshall comes off the bench he doesn't have much Fantasy value. But with him back in the rotation forwards Karl Malone and Bryon Russell will play less minutes now. Carlos Rogers , F HOU - Free Agent Updated 12/08/00 Rogers will be sidelined indefinitely after suffering a sprained knee. He is a reserve forward with very little Fantasy value but his absence will force the starting frontcourt to play more minutes. This could have positive or negative affects on their production. If you have Houston frontcourt players on your roster monitor them to see if they flourish or flounder under the current conditions. Donnell Harvey , F DAL - Free Agent Updated 12/08/00 Harvey has been activated from the injured list to make room for the injured Greg Buckner. Harvey is a solid rebounder but won't receive enough playing time to be a valuable Fantasy player. Greg Buckner , G DAL - Free Agent Updated 12/08/00 Buckner will undergo surgery early next week to remove a cracked bone spur on his right foot. The surgery could sideline Buckner for 6-8 weeks. Rookie Donnell Harvey was activated form the injured list to make room for Buckner. This is the second time this season that he has been sidelined with the same injury. Fantasy owners should avoid Buckner for he rest of the season or until he is playing and producing on a consistent basis again. Charles Oakley , F TOR - Free Agent Updated 12/08/00 Oakley has served his league-imposed suspension and is eligible to return to the Raptors' lineup for Friday night's game at Golden State. "Oak," who was suspended for punching Clippers' point guard Jeff McInnis, has Fantasy value as a rebounder only, and isn't considered a real commodity outside of deeper leagues. Vince Carter , G TOR - Denvers Nuggets Updated 12/08/00 Although the team is calling him a game-time decision, it looks as though Carter will return to the court on Friday night against the Golden State Warriors. Carter practiced with the team on Thursday, and is exciting about the prospect of playing against his former Tar Heel teammate, Antawn Jamison. All signs point towards Carter's return by this weekend at the very latest, so add a little "Vinsanity" to your starting lineup next week. Grant Hill , F ORL - The Wave Updated 12/08/00 Hill was a game time scratch on Thursday night against the Nuggets. The Orlando Sentinel is reporting that Hill is expected to return to the court on Monday when the Magic travel to Los Angeles for a date with the Clippers. Hill's return is long overdue for Fantasy owners who held onto his rights this season. Unless you have a number of solid forwards on your roster, give Hill the start this week pending any setbacks. Hidayet Turkoglu , G SAC - Free Agent Updated 12/07/00 Turkoglu is suffering from a shoulder injury and is questionable for Friday's game against Houston. He is a key reserve on the Kings' team but has very little Fantasy value. Steve Nash , G DAL - Free Agent Updated 12/07/00 Nash returned to action against the Knicks Wednesday after missing two straight games because of a calf injury. He didn't seem to be bothered by the injury as he scored 14 points and dished off for six assists. It is now safe to play Nash on your Fantasy team again. Donyell Marshall , F UTA - Free Agent Updated 12/07/00 Marshall is recovering from a sprained knee and is questionable for Thursday's game against the Grizzlies. Look for starters Bryon Russell and Karl Malone to play extra minutes in his absence. Avoid using Marshall until he appears to be fully recovered. Kevin Garnett , F MIN - Farragut Academy Updated 12/07/00 Garnett hurt his right ring finger in Tuesday's game and was scheduled to have it examined Wednesday. He is expected to play against the Wizards Thursday. Monitor Garnett's situation. Something as simple as an injured finger on his shooting hand could lead to an offensive slump and affect his Fantasy numbers. Terry Davis , F DEN - Free Agent Updated 12/07/00 Davis will be eligible to come off the injured list Sunday but Achilles tendonitis in his right leg is expected to keep him sidelined a little bit longer. He has been injury prone throughout his career and doesn't have much Fantasy value. Antonio McDyess , F DEN - The Rounders Updated 12/07/00 McDyess suffered a bruised right shin in Wednesday's game against the Heat and is questionable for Thursday's matchup against the Magic. Keon Clark will start at power forward if McDyess is unable to play. The leg is sore now but look for McDyess to be back to normal in a few days. Grant Hill , F ORL - The Wave Updated 12/07/00 Hill may be ready to return to the court for Thursday night's game against the Nuggets. He has missed most of the season with an ankle injury, but he practiced on Wednesday, and all indications signal his return to the court. "I can't give you the official thumbs up," said Head Coach Doc Rivers, "but it looks good." Fantasy owners who have been waiting for Hill's return will likely get him back in time for next week, when Orlando embarks on a four-game West Coast road trip. Gary Trent , F DAL - Free Agent Updated 12/07/00 According to The Dallas Morning Star Mavericks owner Mark Cuban is hopeful that Trent will travel on the Mavericks' next road trip, a six-game swing on the East Coast. Trent is not expected to be activated on the trip but could be back in action in another two weeks. He has been sidelined since the first preseason game with a strained upper abductor muscle. Trent is a good inside scorer and a solid rebounder but is injury prone. When he does return Fantasy owners should refrain from picking him up unless they desperately need a forward. Stephon Marbury , G NJ - The Old School Fools Updated 12/07/00 Marbury missed his second consecutive game on Wednesday night because of an ankle injury. He turned the ankle last Friday night in Orlando, then turned it again the following night against the Magic back in New Jersey. He is still lacking some of his explosiveness, but says that the pain in the ankle is diminishing. Marbury hopes to return on Friday night when the Nets host the Phoenix Suns. Fantasy owners who lost Marbury last week should have their star point guard back in time for next week's roster changes. Vince Carter , G TOR - Denvers Nuggets Updated 12/07/00 Carter was in uniform for Wednesday night's game against Portland, but he didn't see any playing time. "Air Canada" said that he felt well enough to play, but team doctors wouldn't give him permission to get in the game. "We'd like to have him back as soon as possible," said Head Coach Lenny Wilkens, "but we're not going to bring him back before he's ready." Toronto finishes their three-game West Coast swing on Friday night against Golden State, at which time Carter hopes to make his return. The Raptors' star should be back before Monday, so most Fantasy owners can re-insert him into their lineup in time for next week. Andre Miller , G CLE - The Rounders Updated 12/07/00 Miller took a knee to the nose during Wednesday night's game at Chicago which sent him to the bench temporarily. He returned to the game with a vengeance, finishing with 20 points, 14 assists and seven rebounds in Cleveland's 92-88 victory. The shot to the nose won't keep Miller from missing any playing time, so continue to use the young point guard in your starting lineup. Elton Brand , F CHI - Denvers Nuggets Updated 12/07/00 Brand missed his second consecutive game on Wednesday night against Cleveland. He is reportedly making progress with his hyperextended left knee, and has been able to run on a treadmill this week. Brand is listed as day to day, and says that he has about a 50 percent chance of playing on Friday night against Dallas. With most roster changes occurring on Monday, Fantasy owners should be able to put the Bulls' star back in their lineup for next week's games. Eric Snow , G PHI - Rude Boys (Not) Updated 12/06/00 The 76ers will be without Snow for six to eight weeks after a CT scan Wednesday showed a stress fracture in his right ankle. He was second on the team with a career-high 12.2 ppg, and led the Sixers with 6.6 assists per contest. Although Philadelphia sports a deep roster, one can't help but assume this will have an impact on the team's fortunes for Fantasy purposes. Chris Dudley , C PHO - Free Agent Updated 12/06/00 Dudley will travel with the Suns on their end of the week road-trip that starts in Milwaukee Thursday. He will most likely be questionable for all the games. Look for him to finally return to action next week. With Dudley out of the lineup Corie Blount and rookie Daniel Santiago will continue to get playing time. With the lack of depth at center, Dudley's rebounding makes him a starter on your Fantasy team if you are using a reserve in his position. Chris Mills , F GS - Free Agent Updated 12/06/00 Mills is doubtful for Wednesday's game against the Lakers because of pain in his right ankle. He was scheduled to see a foot specialist on Tuesday and underwent surgery last season to remove bone spurs from the ankle. Sit Mills on your Fantasy bench for now. If you are playing in a small league drop him from your roster and add another forward. Ron Mercer , G CHI - The Old School Fools Updated 12/06/00 Mercer sat out of Tuesday's game against the T'Wolves because of the flu. Corey Benjamin started at shooting guard in place of Mercer. Mercer's status for Wednesday's game is up in the air. He has been a major disappointment so far this season. If you play in a deep Fantasy league keep him on your roster, if you are in a smaller one look to make an upgrade at guard. The way Mercer has been producing you shouldn't have a hard time finding a better guard. More Updates Breakdown?Schedule? Farragut Academy Player Pos Points Best, Travis G 129.5 Bradley, Shawn C 69.0 Garnett, Kevin F 126.0 Hughes, Larry G 120.5 O'Neal, Jermaine F 112.0 Rose, Jalen G 150.0 [IMAGE] TOTAL ? 707.0 [IMAGE] Cassell, Sam G 79.5 Fortson, Danny F 0.0 Martin, Kenyon F 99.5 McGrady, Tracy G 102.0 Odom, Lamar F 84.5 Olowokandi, Michael C 53.5 [IMAGE] at Tribe Called PLove Player Pos Points Allen, Ray G 94.5 Armstrong, Darrell G 51.5 Battie, Tony C 41.0 Bryant, Kobe G 180.0 Camby, Marcus C 124.5 Ewing, Patrick C 57.5 Mashburn, Jamal F 62.5 Nowitzki, Dirk F 155.5 Outlaw, Bo F 22.0 Wallace, Rasheed F 70.5 Webber, Chris F 168.5 Wesley, David G 99.5 [IMAGE] TOTAL ? 1127.5 [IMAGE] ? ? ? Copyright 2000 Commissioner.COM Inc and SportsLine.com Inc. Your site is always at http://basketball.commissioner.com/efba BK10SP

My husband and I will be closing on the house we are buying on Friday @ 1:00p.m. I will be leaving work on Friday @12:00. Thank you!