From: k..allen@enron.com Subject: FW: -----Original Message----- From: Allen, Phillip K. Sent: Thursday, September 06, 2001 1:11 PM To: 'jacqestc@aol.com' Subject: Jacques, I sent you a fax of Kevin Kolb's comments on the release. The payoff on the note would be $36,248 ($36090(principal) + $158 (accrued interest)). This is assuming we wrap this up on Tuesday. Please email to confirm that their changes are ok so I can set up a meeting on Tuesday to reach closure. Phillip


From: k..allen@enron.com Subject: FW: Wildflower, Rayburn, Emilie apts -----Original Message----- From: "JEFF SMITH" <jsmith@austintx.com <mailto:jsmith@austintx.com>>@ENRON Sent: Friday, December 07, 2001 2:07 PM To: Allen, Phillip K. Subject: FW: Wildflower, Rayburn, Emilie apts Three more deals in San Antonio. - emilie onsale.doc - rayburn onsale.doc - wildflower onsale.doc


From: k..allen@enron.com Subject: RE: FW: Jacques, Once you make the changes to the release, please fax a copy to Kevin Kolb. I am going to try and meet Pauline Kuo on Tuesday or Wednesday to wrap things up. In addition to the release, I will need the guarantee and a release of lien for the smaller note. I will speak to you on Monday. Hope things are going well with your wife. Phillip -----Original Message----- From: JacquesTC@aol.com@ENRON [mailto:IMCEANOTES-JacquesTC+40aol+2Ecom+40ENRON@ENRON.com] Sent: Thursday, September 06, 2001 3:33 PM To: Allen, Phillip K. Subject: Re: FW: Phillip, Thanks for the info. The changes are alright. I will make the revisions and call you. I am at MD Anderson tomorrow morning, so it will probably be late tomorrow or over the weekend. We will coordinate Monday morning so I can get you everything you need for the closing. Thanks. Jacques


From: k..allen@enron.com Subject: RE: Bike Commute That's great. Your guys seem fired up about this program. We need something like this in Houston to boost morale. It makes me miss Portland. -----Original Message----- From: Belden, Tim Sent: Friday, September 07, 2001 12:40 PM To: Allen, Phillip K. Subject: Bike Commute Check out this web site. We are competing with all companies in Portland for who can ride the most to work for the month of September. We are going to win. We have about 130 people in the office which produces about 5,000 trips (each way counts as one). This week, we cycled 200+ trips. The winner last year won with 12%. We're going to get 15+%. Then we'll shut up those left leaning, Enron bashing Portland people. http://westpower/BikeCommute/default.asp


From: k..allen@enron.com Subject: RE: Simulation Common Mistakes Can you send me a schedule of meetings? Is there one today? Phillip -----Original Message----- From: mery.l.brown@accenture.com@ENRON [mailto:IMCEANOTES-mery+2El+2Ebrown+40accenture+2Ecom+40ENRON@ENRON.com] Sent: Friday, September 07, 2001 8:37 AM To: pallen@enron.com Cc: Frolov, Yevgeny; tim.orourke@enron.com; kmcdani@enron.com; donald.l.barnhart@accenture.com Subject: Simulation Common Mistakes Phillip, I have attached a list of the Common Mistakes we have compiled for the Risk Management Simulation. We thought this would be a good starting point for our discussion of examples and scenarios at next Tuesday's meeting. Any stories you have related to these mistakes will be extremely helpful. During the meeting, we can also get from you the names of anyone else who might be able to provide us with good examples of these mistakes. Please let me know if you have any questions. Mery (See attached file: CM-Enron.xls) This message is for the designated recipient only and may contain privileged or confidential information. If you have received it in error, please notify the sender immediately and delete the original. Any other use of the email by you is prohibited. - CM-Enron.xls << File: CM-Enron.xls >>


From: k..allen@enron.com Subject: RE: Thanks. I am waiting to speak to Pauline Kuo to schedule a time and place to meet her this week. Hopefully we can meet Tuesday or Wednesday. I will swing by your office to pick up the documents. Phillip -----Original Message----- From: JacquesTC@aol.com@ENRON [mailto:IMCEANOTES-JacquesTC+40aol+2Ecom+40ENRON@ENRON.com] Sent: Monday, September 10, 2001 9:54 AM To: Allen, Phillip K. Subject: Re: Phillip, I sent you a note that the changes have been made and faxed to Kevin. Call me to arrange to pick up the originals or have them delivered where you need them. Thanks, Jacques


From: k..allen@enron.com Subject: RE: Current Schedule as of 3 pm on Monday Yevgeny, In light of this mornings events, most of the trading floor is leaving. So we will have to do the meeting tomorrow. Phillip -----Original Message----- From: Frolov, Yevgeny Sent: Monday, September 10, 2001 12:55 PM To: Allen, Phillip K. Cc: donald.l.barnhart@accenture.com Subject: Current Schedule as of 3 pm on Monday Phillip, Here is the current schedule. You have a meeting tomorrow at 3 pm-5 pm. It will take place in the same room on 18th floor 3 AC 18 << File: Hexagon SME Sign.doc >>


From: k..allen@enron.com Subject: RE: Leander etc. Jeff, The attorney's are done with the documents. I have a call in with Pauline to schedule a meeting to sign them. Most likely in Columbus. I am waiting to hear from her. Phillip -----Original Message----- From: "Jeff Smith" <jsmith@austintx.com>@ENRON [mailto:IMCEANOTES-+22Jeff+20Smith+22+20+3Cjsmith+40austintx+2Ecom+3E+40ENRON@ENRON.com] Sent: Wednesday, September 12, 2001 9:51 AM To: Allen, Phillip K. Subject: Leander etc. Phillip, I spoke with Doug Bell this AM. He says AMHP got their letter from the school last Thurs. Now they are getting a letter from Sam Olguin for an easement. So the ball is back in his court. Once that happens the deal can close. What's up with Seguin? Thanks. Jeff Smith The Smith Company 2714 Bee Cave Road, Suite 100-D Austin, Texas 78746 512-732-0009 512-732-0010 fax 512-751-9728 mobile


From: k..allen@enron.com Subject: RE: Mery, The target audience document looks fine. Phillip -----Original Message----- From: mery.l.brown@accenture.com@ENRON [mailto:IMCEANOTES-mery+2El+2Ebrown+40accenture+2Ecom+40ENRON@ENRON.com] Sent: Friday, September 07, 2001 7:52 AM To: pallen@enron.com; Arnold, John; Frolov, Yevgeny; tim.orourke@enron.com Cc: donald.l.barnhart@accenture.com; kmcdani@enron.com; sheri.a.righi@accenture.com Subject: We have begun working on our first deliverables for the Risk Management Simulation project. The first thing we need your sign-off on is the Target Audience Analysis. We have defined the key characteristics of our target audience in order to help us maintain focus as we design the simulation. I would appreciate it if you could review the attached document and respond by end of day Monday, the 10th, with either your revisions or your sign-off. Please let me know if you have any questions. Thank you. Mery (See attached file: Target Audience.doc) This message is for the designated recipient only and may contain privileged or confidential information. If you have received it in error, please notify the sender immediately and delete the original. Any other use of the email by you is prohibited. - Target Audience.doc << File: Target Audience.doc >>


From: k..allen@enron.com Subject: FW: Nine Energy Services -----Original Message----- From: Williams, Jason R (Credit) Sent: Friday, September 14, 2001 8:08 AM To: Neal, Scott; Allen, Phillip K.; Martin, Thomas A.; Shively, Hunter S. Cc: Bradford, William S. Subject: Nine Energy Services Scott, Phillip, Tom and Hunter - Nine Energy Services LLC is a Woman and Minority Business Enterprise (WMBE) counterparty with whom ENA has been conducting physical gas business under our standard WMBE agreement. Nine Energy has refused to remit payment via wire transfer, per the terms of our agreement, and we are now placing them on NO TRADES status. Absolutely no trades can be conducted with this counterparty without full upfront payment. Please pass this message to the originators on your desks. Thanks for your help; please call me with any questions. Jay Willams


From: k..allen@enron.com Subject: RE: howdy!! Congratulations. Glad to hear you made it. You are in elite company. -----Original Message----- From: Al.Pollard@NewPower.com@ENRON [mailto:IMCEANOTES-Al+2EPollard+40NewPower+2Ecom+40ENRON@ENRON.com] Sent: Friday, September 14, 2001 10:48 AM To: pallen@enron.com Subject: howdy!! Horrible events this week!! Hope you did not know anyone involved. Thought I would share my recent accomplishment with you, given you have pretty much known me since I did my first Triathlon at Cinco Ranch about 4 years ago now I believe. Did my first ironman last Saturday up at Lake Geneva in Wisconsin. Very long day and the hardest thing I have ever done, but I finished which was my ultimate goal. I would gladly trade it in to bring back some of the lost souls from Tuesday, but unfortunately I do not have that power. Hope everything is splendid with you. Talk to you soon, Al Pollard The New Power Company apollard@newpower.com (713) 345-8781


From: k..allen@enron.com Subject: RE: howdy!! My guess at your time is 11 hrs 10 minutes. Was I close? -----Original Message----- From: Al.Pollard@NewPower.com@ENRON [mailto:IMCEANOTES-Al+2EPollard+40NewPower+2Ecom+40ENRON@ENRON.com] Sent: Friday, September 14, 2001 10:48 AM To: pallen@enron.com Subject: howdy!! Horrible events this week!! Hope you did not know anyone involved. Thought I would share my recent accomplishment with you, given you have pretty much known me since I did my first Triathlon at Cinco Ranch about 4 years ago now I believe. Did my first ironman last Saturday up at Lake Geneva in Wisconsin. Very long day and the hardest thing I have ever done, but I finished which was my ultimate goal. I would gladly trade it in to bring back some of the lost souls from Tuesday, but unfortunately I do not have that power. Hope everything is splendid with you. Talk to you soon, Al Pollard The New Power Company apollard@newpower.com (713) 345-8781


From: k..allen@enron.com Subject: FW: Action Requested: Past Due Invoice Can you approve this invoice or show me how to get into this system? Thank you, Phillip -----Original Message----- From: <iPayit@Enron.com <mailto:iPayit@Enron.com>>@ENRON [mailto:IMCEANOTES-+3CiPayit+40Enron+2Ecom+3E+40ENRON@ENRON.com] <mailto:[mailto:IMCEANOTES-+3CiPayit+40Enron+2Ecom+3E+40ENRON@ENRON.com]> Sent: Sunday, September 16, 2001 10:06 PM To: Allen, Phillip K. Subject: Action Requested: Past Due Invoice Alert! You are receiving this message because you have an unresolved invoice in your iPayit in-box that is past due. It is critical that you login to iPayit and take immediate action to resolve this invoice. Remember, you play an important role in ensuring that we pay our vendors on time. Tip!: You must login to the system to forward this invoice to another user. You are receiving this message because you have an unresolved invoice in your iPayit in-box that is past due. Please login to iPayit and resolve this invoice as soon as possible. To launch iPayit, click on the link below: <http://iPayit.enron.com> Note: Your iPayit User ID and Password are your eHRonline/SAP Personnel ID and Password. First time iPayit user? For training materials, click on the link below: <http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265> Need help? Please contact the ISC Call Center at (713) 345-4727. If you are in Europe, please contact European Accounts Payable at +44 20 7783 7520.


From: k..allen@enron.com Subject: FW: Action Requested: Past Due Invoice -----Original Message----- From: <iPayit@Enron.com <mailto:iPayit@Enron.com>>@ENRON [mailto:IMCEANOTES-+3CiPayit+40Enron+2Ecom+3E+40ENRON@ENRON.com] <mailto:[mailto:IMCEANOTES-+3CiPayit+40Enron+2Ecom+3E+40ENRON@ENRON.com]> Sent: Monday, September 17, 2001 10:06 PM To: Allen, Phillip K. Subject: Action Requested: Past Due Invoice Alert! You are receiving this message because you have an unresolved invoice in your iPayit in-box that is past due. It is critical that you login to iPayit and take immediate action to resolve this invoice. Remember, you play an important role in ensuring that we pay our vendors on time. Tip!: You must login to the system to forward this invoice to another user. You are receiving this message because you have an unresolved invoice in your iPayit in-box that is past due. Please login to iPayit and resolve this invoice as soon as possible. To launch iPayit, click on the link below: <http://iPayit.enron.com> Note: Your iPayit User ID and Password are your eHRonline/SAP Personnel ID and Password. First time iPayit user? For training materials, click on the link below: <http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265> Need help? Please contact the ISC Call Center at (713) 345-4727. If you are in Europe, please contact European Accounts Payable at +44 20 7783 7520.


From: k..allen@enron.com Subject: FW: El Paso Capacity John, The spreadsheet below ("Valuation Summary..") calculates the value Enron would realize if we turned back the capacity or released it at full tolls. As of 9/17 mids, the 200,000/d leg would generate $16,918,907 if turned back. There is still a substantial amount of value above variable costs on the books. For 03-06, variable costs are around $0.15 but the mid-market spread is $0.45. The PV volume for that term is 22,000 contracts. Phillip -----Original Message----- From: Bronstein, Mara Sent: Tuesday, September 18, 2001 12:38 PM To: Allen, Phillip K. Subject: El Paso Capacity


From: k..allen@enron.com Subject: RE: Final Internal Review for Sign Off: Common Mistakes This is a list of common mistakes. However, as the group works together to create exercises and scenarios for the simulation many additional ideas will be generated. I don't want to hold up this document. I just want everyone to be aware that it is not all inclusive. Phillip -----Original Message----- From: McDaniel, Kirk Sent: Tuesday, September 25, 2001 10:00 AM To: Allen, Phillip K.; O'rourke, Tim; Frolov, Yevgeny Subject: Final Internal Review for Sign Off: Common Mistakes Gentlemen Please take a look at the attached document. Provide me with your final input, if any, in so that I can give Accenture Sign off acceptance. This document includes input Accenture received or derived from yesterday's Design Scope meeting. Tim do you still want to include on this document the issue around "Not listening to "Customer'/ Misjudging customers needs & risk"? Or do you feel it fits into one of the 8 high level buckets listed in the attachment. I request everyone's input by COB, Wednesday 9/26 in so that if changes are needed we can still get final sign off by COB Friday 9/28. Thanks - Common Mistakes-Sim.doc << File: Common Mistakes-Sim.doc >>


From: k..allen@enron.com Subject: RE: Final Internal Review for Sign Off: Performance Objectives Kirk, This document is fine. -----Original Message----- From: McDaniel, Kirk Sent: Tuesday, September 25, 2001 10:16 AM To: Allen, Phillip K.; Arnold, John; O'rourke, Tim; Frolov, Yevgeny Subject: Final Internal Review for Sign Off: Performance Objectives Importance: High Gentlemen Please take a look at the attached document. Provide me with your final input, if any, in so that I can give Accenture Sign off acceptance. This document includes input Accenture received or derived from yesterday's Design Scope meeting. Tim Your initial concerns around Processes and Knowledge Acquisition were relayed to Accenture and they stated that these will be addressed in the learning objectives, which will be the more detail backup to this high level documents. Yevgeny Your Fundamentals issue was handled by the i.e. notation on this document. In addition, Accenture said Yes that this document is aligned with the Topics Document and will be aligned with the more detailed back up document (i.e. Outline) that will support the Topics Document. I request everyone's input by COB, Wednesday 9/26 in so that if changes are needed we can still get final sign off by COB Friday 9/28. Thanks Cheers Kirk - Performance Objectives-Sim.doc << File: Performance Objectives-Sim.doc >>


From: k..allen@enron.com Subject: RE: Final Internal Review for Sign Off: Topics and Related Objectives Kirk, I would modify this document slightly. The first section is titled "Introduction to Risk Management" and the second section is "Hedging Instruments/Risk Management Products". However, many of the bullet points in the first section are describing hedging instruments that belong in second section. I would limit the introduction to types of risk, identifying risk, and examples when risks are not hedged. Then the second section should contain all the details of hedging tools. Definitions of derivatives and how they can be used to manage the risk in the first section would be in this section. The third section would include the roles and accounting basics. You might want to include the commodity 101 info here, at least gas and power. Phillip -----Original Message----- From: McDaniel, Kirk Sent: Tuesday, September 25, 2001 4:10 PM To: Allen, Phillip K.; Arnold, John; O'rourke, Tim; Frolov, Yevgeny Subject: Final Internal Review for Sign Off: Topics and Related Objectives Gentlemen Please take a look at the attached document. Provide me with your final input, if any, in so that I can give Accenture Sign off acceptance. This document includes input Accenture received or derived from yesterday's Design Scope meeting. I request everyone's input by COB, Thursday 9/27 in so that if changes are needed we can still get final sign off by COB Friday 9/28 or Monday 10/1. Thanks Cheers Kirk - Topics and Related Objectives.doc << File: Topics and Related Objectives.doc >>


From: k..allen@enron.com Subject: FW: Arizona -----Original Message----- From: Lawner, Leslie Sent: Wednesday, September 26, 2001 4:31 PM To: Tycholiz, Barry; Miller, Stephanie; Allen, Phillip K.; Tholt, Jane M. Subject: Arizona I was just talking to counsel in Phoenix who informed me that a number of planned merchant generators in Arizona were in danger of being killed by the Arizona Corporation Commission. There are apparently concerns with interconnecting these plants where existing plants already are located, and reliability and terrorist-threat possibilities that they raise. I don't know if this matters to you but in case it does, just wanted you to know.


From: k..allen@enron.com Subject: FW: El Paso Capacity -----Original Message----- From: Bronstein, Mara Sent: Tuesday, September 18, 2001 12:38 PM To: Allen, Phillip K. Subject: El Paso Capacity


From: k..allen@enron.com Subject: RE: Comanch Trace Home Sounds good. This email address goes to my work. If you finish on Friday or over the weekend, please send to pallen70@hotmail.com <mailto:pallen70@hotmail.com>. Thanks, Phillip Allen -----Original Message----- From: "Tony Roberts" <troberts@dyalroberts.com>@ENRON Sent: Wednesday, December 12, 2001 3:57 PM To: Allen, Phillip K. Subject: Comanch Trace Home Phillip, I will have the take off completed by Monday and will forward via email. Thanks, Tony Roberts


From: k..allen@enron.com Subject: RE: Log Home Site I like these homes much better than the one from earlier this week. I like the steeper pitched roof and the high glass windows in the top of the gables. Plus these seem a little bigger. I like the floor plan of the hoover plan better than the van gendersen. The kitchen should be bigger. You could take some space from the sewing room and add an island to the kitchen. -----Original Message----- From: Richter, Jeff Sent: Friday, October 05, 2001 9:42 AM To: Allen, Phillip K. Subject: Log Home Site http://www.ayrewood.com/Hoover_Floor_Plan.htm Check this out. Jeff Richter 503.464.3917 (w-pdx) Enron North America 503.701.6488 (c) West Power Services 503.464.3740 (fax) 121 SW Salmon Street 3WTC0306 jeff.richter@enron.com Portland, Oregon 97204


From: k..allen@enron.com Subject: RE: workout I will be there tomorrow, but I have a bunch of rehab exercises to do for my knee. I probably won't be much of a partner for a couple more weeks. -----Original Message----- From: Landry, Chad Sent: Monday, October 15, 2001 7:21 AM To: Allen, Phillip K. Subject: workout sorry i missed this morning. i was out of town this weekend and i just flew in this morning. Tomorrow morning I plan on running on the treadmill from 540 am - 600 am and working out with weights from 6 - 645 am. will you be there tomorrow? ckl


From: k..allen@enron.com Subject: RE: Managing Directors Meeting Yes, I will attend the meeting. -----Original Message----- From: Rangel, Ina Sent: Monday, October 15, 2001 12:06 PM To: Allen, Phillip K. Subject: Managing Directors Meeting Phillip: Will you be attending the managing directors meeting on Monday at the Hyatt? I put you down as a yes, but can cancel. Let me know -Ina


From: k..allen@enron.com Subject: RE: Paul Margraves Meeting I am going to be in a meeting with Accenture on Friday from 9am until 3pm. So I can't meet with Paul Margraves. Have him call me directly and I will set something up. Phillip -----Original Message----- From: Rangel, Ina Sent: Wednesday, October 17, 2001 8:31 AM To: Allen, Phillip K. Subject: Paul Margraves Meeting Paul Margraves would like to come here and meet with you at 1:30 this Friday. He says it would be a quick 15 minute general meeting. I put him on your calendar and told him if something needed to change I would call him back. Is this okay with you? -Ina


From: k..allen@enron.com Subject: FW: -----Original Message----- From: Heizenrader, Tim Sent: Wednesday, October 17, 2001 8:08 AM To: Allen, Phillip K. Cc: Nelson, Kourtney Subject: RE: Phillip: The target for end of October is 1283. We're not sure what's driving the day to day variation. Direct effects of recent precipitation, combined with some very big precip forecast errors, are part of the explanation, but there also appears to be something going on with management of the non-treaty storage that BPA's cached upstream in Arrow. We've been looking into that, and hope to get some news via Technical Management Team today. From a multi-purpose project manager's perspective, I think that current reservoir elevation is one or two feet too high, so I do expect drawdown by month end. I also suspect that there are some limits in the non-treaty storage approaching that require at least partial withdrawal. The net effect should be a rise in production-- no more downstream storage is available and upstream releases will increase, certainly by November 1, but probably earlier. Tim -----Original Message----- From: Allen, Phillip K. Sent: Wednesday, October 17, 2001 7:31 AM To: Heizenrader, Tim Subject: Tim, Since the three nuclear units have gone down there has been a significant increase in imports into California from the northwest which coincides with increased hydro output. This has continued to suppress Socal gas sendouts. Grand Coulee outflows on Monday and Tuesday have exceeded inflows. Monday: In-69.8, Out-73.4; Tuesday: In-57.7, Out 68.2. The elevation is starting to creep lower. Can you help us with these questions? Will this drafting to continue? What is the elevation target for the end of the month? Why did yesterday's inflow decline so much? Thank you, Phillip Allen


From: k..allen@enron.com Subject: RE: Huntley followup question Bob, I do have a survey of the sight at home. I will get you a copy tomorrow. Regarding contracts, the Texas Real Estate Commission website has copies of the contracts we need. The website is below. I believe the relevant contracts are form #20-4(One to Four Family Residential Contract) and form #OP-H (Seller's Disclosure of Property Condition). A coworker is about to close on a home without using a broker and these are the forms he used. I Phillip http://www.trec.state.tx.us/formsrulespubs/forms/forms-contracts.asp -----Original Message----- From: "Robert W. Huntley, CFP" <wise.counsel@lpl.com>@ENRON Sent: Wednesday, October 17, 2001 2:26 PM To: pallen@enron.com Subject: Huntley followup question Phillip, I forgot to ask if you have a recent survey of the lot from when you closed? I would like to see if we'll have any easement problems above or around the garage area to consider. If you find something and it's faxable, please send it to my fax at 281-858-1127. Feel free to call first if you have any comments. Thanks, Bob Huntley 281-858-0000


From: k..allen@enron.com Subject: RE: kerrville If you get the info from the owner this afternoon, please send it to pallen70@hotmail.com. -----Original Message----- From: "JEFF SMITH" <jsmith@austintx.com>@ENRON Sent: Thursday, December 13, 2001 7:37 PM To: Allen, Phillip K. Subject: kerrville If you decide to move to Kerrville I know of an excellent builder that I have worked with in the past. He has built numerous custom homes in the Kerrville\Fredericksburg area that are very high quality. He has excellent long time crews using local German craftsmen. They do outstanding trim work and framing. Most of his houses are Texas style with solid rock walls, standing seam roofs, antique wood flooring, cabinets, etc. Let me know if you are interested. Jeff Smith The Smith Company 9400 Circle Drive Austin, TX 78736 512-394-0908 office 512-394-0913 fax 512-751-9728 mobile jsmith@austintx.com


From: k..allen@enron.com Subject: FW: FERC Special Meetings on Friday 10/26/01 and Monday 10/29/01 -----Original Message----- From: Capitol Connection <capcon@gmu.edu <mailto:capcon@gmu.edu>>@ENRON Sent: Wednesday, October 24, 2001 11:37 AM To: (Recipient list suppressed)@ENRON Subject: FERC Special Meetings on Friday 10/26/01 and Monday 10/29/01 The Capitol Connection is pleased to announce that it will broadcast (via the internet and telephone Only) the following Federal Energy Regulatory Commission Special Meetings: Friday, October 26, 9.30 a.m. ET Topic: Interstate Natural Gas Facility Planning Seminar, Presentation of Staff Findings Monday, October 29, 1:00 p.m. ET Topic: Technical Conference Concerning West-Wide Price Mitigation for Winter Season & Procedures for seeking participation If you have an annual subscription to the Capitol Connection internet service, these meetings are included in the annual fee. Please contact us if you are interested in signing up for either of these meetings or want to get an annual subscription to our internet service. The Capitol Connection offers FERC meetings live via the Internet, as well as via Phone Bridge, and satellite, please visit our website at www.capitolconnection.org <http://www.capitolconnection.org>. or send e-mail to capcon@gmu.edu <mailto:capcon@gmu.edu> for more information. If there is a meeting you are interested in receiving, please call 703-993-3100. David Reininger Meeting dates and times are subject to change without notice. For current information, you can go to our website at www.capitolconnection.org <http://www.capitolconnection.org> and select the FERC link or you can go to the FERC web page at www.ferc.fed.us <http://www.ferc.fed.us>. The FERC Office of the Secretary can be reached at 202.208.0400.


From: k..allen@enron.com Subject: FW: Distribution Form -----Original Message----- From: Ratcliff, Renee Sent: Thursday, October 25, 2001 12:05 PM To: Allen, Phillip K. Subject: Distribution Form Phillip, Pursuant to your request, please see the attached. Thanks, Renee


From: k..allen@enron.com Subject: RE: Huntley/question I will try and find my title policy this evening. -----Original Message----- From: "Robert W. Huntley, CFP" <wise.counsel@lpl.com>@ENRON Sent: Thursday, October 25, 2001 1:50 PM To: Allen, Phillip K. Subject: Huntley/question Phillip, Could you please do me a favor? I would like to read your current title policy to see what it says about easements. You should have received a copy during your closing. I don't know how many pages it will be but let me know how you want to handle getting a copy made. I'll be happy to make the copy, or whatever makes it easy for you. Thanks, Bob Huntley


From: k..allen@enron.com Subject: RE: Distribution Form Renee, Thank you for the forms. I am trying to estimate my tax obligation. It is my understanding that the account balance will be treated as ordinary income. What about Social Security and Medicare taxes? I thought those were already deducted. Also, the are no earnings on the deferrals I have made. On the contrary, there are losses. Is it possible to recoup any taxes paid? Thanks for you help. Phillip -----Original Message----- From: Ratcliff, Renee Sent: Thursday, October 25, 2001 12:05 PM To: Allen, Phillip K. Subject: Distribution Form Phillip, Pursuant to your request, please see the attached. Thanks, Renee << File: Request For Distribution_1994 Plan.doc >> << File: Request for Distribution Procedures_1994 Plan.doc >>


From: k..allen@enron.com Subject: RE: Distribution Form Thanks -----Original Message----- From: Ratcliff, Renee Sent: Thursday, October 25, 2001 2:05 PM To: Allen, Phillip K. Subject: RE: Distribution Form Phillip, The Social Security and Medicare tax has been previously withheld on your deferral. You would be subject to only Federal Income Tax withholding on the distribution. I checked with my director (Pam Butler) on your question about recouping taxes already paid. It is my understanding that you cannot recoup these taxes. Thanks, Renee -----Original Message----- From: Allen, Phillip K. Sent: Thursday, October 25, 2001 3:42 PM To: Ratcliff, Renee Subject: RE: Distribution Form Renee, Thank you for the forms. I am trying to estimate my tax obligation. It is my understanding that the account balance will be treated as ordinary income. What about Social Security and Medicare taxes? I thought those were already deducted. Also, the are no earnings on the deferrals I have made. On the contrary, there are losses. Is it possible to recoup any taxes paid? Thanks for you help. Phillip -----Original Message----- From: Ratcliff, Renee Sent: Thursday, October 25, 2001 12:05 PM To: Allen, Phillip K. Subject: Distribution Form Phillip, Pursuant to your request, please see the attached. Thanks, Renee << File: Request For Distribution_1994 Plan.doc >> << File: Request for Distribution Procedures_1994 Plan.doc >>


From: k..allen@enron.com Subject: RE: Blackline of First Amendment to Contract Michelle, Here are my comments: Section 9b- It is my understanding that the Utility lines are currently under construction and should be finished by late February 2002. Can we reference the work that is being performed by the contractor, JC Evans. I want to avoid any ambiguity regarding the "Utility Lines". Also can we make the same distinction in the Utility Construction Escrow Agreement in Section C. Section 10- Please change to Purchaser can extend closing for 3 successive periods of 30 days each for $10,000 per extension, not applicable to purchase price and non-refundable. Also, I would prefer to sign the first amendment and the utility escrow documents at the same time since they reference each other. I have sent Mike B. a copy of this email. Thank you, Phillip -----Original Message----- From: "Simpkins, Michelle" <MSimpkins@winstead.com>@ENRON Sent: Thursday, October 25, 2001 1:28 PM To: 'pallen@enron.com'; 'pallen70@hotmail.com' Subject: Blackline of First Amendment to Contract <<3MMPRED.DOC>> Phillip, Enclosed please find a blackline of the First Amendment to Contract showing the revisions. I have forwarded a clean version of the Amendment to you for your signature. If you have any questions or concerns, please contact me at (512) 370-2836. Thanks. Michelle L. Simpkins Winstead Sechrest & Minick P.C. 100 Congress Avenue, Suite 800 Austin, Texas 78701 (512) 370-2836 (512) 370-2850 Fax msimpkins@winstead.com - 3MMPRED.DOC << File: 3MMPRED.DOC >>


From: k..allen@enron.com Subject: FW: Blackline of First Amendment to Contract -----Original Message----- From: Allen, Phillip K. Sent: Monday, October 29, 2001 7:58 AM To: '"Simpkins, Michelle" <MSimpkins@winstead.com <mailto:MSimpkins@winstead.com>>@ENRON' Subject: RE: Blackline of First Amendment to Contract Michelle, Here are my comments: Section 9b- It is my understanding that the Utility lines are currently under construction and should be finished by late February 2002. Can we reference the work that is being performed by the contractor, JC Evans. I want to avoid any ambiguity regarding the "Utility Lines". Also can we make the same distinction in the Utility Construction Escrow Agreement in Section C. Section 10- Please change to Purchaser can extend closing for 3 successive periods of 30 days each for $10,000 per extension, not applicable to purchase price and non-refundable. Also, I would prefer to sign the first amendment and the utility escrow documents at the same time since they reference each other. I have sent Mike B. a copy of this email. Thank you, Phillip -----Original Message----- From: "Simpkins, Michelle" <MSimpkins@winstead.com <mailto:MSimpkins@winstead.com>>@ENRON Sent: Thursday, October 25, 2001 1:28 PM To: 'pallen@enron.com'; 'pallen70@hotmail.com' Subject: Blackline of First Amendment to Contract <<3MMPRED.DOC>> Phillip, Enclosed please find a blackline of the First Amendment to Contract showing the revisions. I have forwarded a clean version of the Amendment to you for your signature. If you have any questions or concerns, please contact me at (512) 370-2836. Thanks. Michelle L. Simpkins Winstead Sechrest & Minick P.C. 100 Congress Avenue, Suite 800 Austin, Texas 78701 (512) 370-2836 (512) 370-2850 Fax msimpkins@winstead.com <mailto:msimpkins@winstead.com> - 3MMPRED.DOC << File: 3MMPRED.DOC >>


From: k..allen@enron.com Subject: RE: the candidate we spoke about this morning... Adrianne, I cannot download his resume. Please resend. Phillip -----Original Message----- From: Engler, Adrianne Sent: Monday, October 29, 2001 7:34 AM To: Allen, Phillip K. Subject: the candidate we spoke about this morning... Phillip - This is the candidate I spoke with you about this morning... Brent currently works in our London office as an Analyst and is looking to come over to the Houston office. We would like to get him into the November 1st interviews. His contact information is on the resume, but here is his number as well 44-20-778-35558 ....for a London line direct to Brent dial 844-35558 Thank you! Adrianne x57302 the resume is attached....


From: k..allen@enron.com Subject: RE: the candidate we spoke about this morning... Left message and sent email. I will let you know as soon as I have spoken to him. -----Original Message----- From: Engler, Adrianne Sent: Monday, October 29, 2001 8:10 AM To: Allen, Phillip K. Subject: RE: the candidate we spoke about this morning... Phillip - Lets try this one....Thanks! Adrianne -----Original Message----- From: Allen, Phillip K. Sent: Monday, October 29, 2001 10:08 AM To: Engler, Adrianne Subject: RE: the candidate we spoke about this morning... Adrianne, I cannot download his resume. Please resend. Phillip -----Original Message----- From: Engler, Adrianne Sent: Monday, October 29, 2001 7:34 AM To: Allen, Phillip K. Subject: the candidate we spoke about this morning... Phillip - This is the candidate I spoke with you about this morning... Brent currently works in our London office as an Analyst and is looking to come over to the Houston office. We would like to get him into the November 1st interviews. His contact information is on the resume, but here is his number as well 44-20-778-35558 ....for a London line direct to Brent dial 844-35558 Thank you! Adrianne x57302 the resume is attached....


From: k..allen@enron.com Subject: RE: Confirmation: Risk Management Simulation Meeting 10/30/01 Please send more details regarding this meeting -----Original Message----- From: monica.l.brown@accenture.com@ENRON Sent: Monday, October 29, 2001 8:39 AM To: pallen@enron.com Cc: sheri.a.righi@accenture.com Subject: Confirmation: Risk Management Simulation Meeting 10/30/01 Hi Phillip, This message is to confirm our meeting with you on, Tuesday, October 30th from 9:00 am - 10:00 am, the location will be EB 3267. Attendees will be Monica Brown and Sheri Righi. Let me know if you have any questions. I can be reached at 713-345-6687. Thanks, Monica L. Brown Accenture Houston - 2929 Allen Parkway Direct Dial: +1 713 837 1749 VPN & Octel: 83 / 71749 Fax: +1 713 257 7211 email: monica.l.brown@accenture.com This message is for the designated recipient only and may contain privileged or confidential information. If you have received it in error, please notify the sender immediately and delete the original. Any other use of the email by you is prohibited.


From: k..allen@enron.com Subject: RE: the candidate we spoke about this morning... Adrianne, I spoke to Brent D. I would recommend that he is given a chance to interview for the program. Phillip -----Original Message----- From: Engler, Adrianne Sent: Monday, October 29, 2001 8:10 AM To: Allen, Phillip K. Subject: RE: the candidate we spoke about this morning... Phillip - Lets try this one....Thanks! Adrianne -----Original Message----- From: Allen, Phillip K. Sent: Monday, October 29, 2001 10:08 AM To: Engler, Adrianne Subject: RE: the candidate we spoke about this morning... Adrianne, I cannot download his resume. Please resend. Phillip -----Original Message----- From: Engler, Adrianne Sent: Monday, October 29, 2001 7:34 AM To: Allen, Phillip K. Subject: the candidate we spoke about this morning... Phillip - This is the candidate I spoke with you about this morning... Brent currently works in our London office as an Analyst and is looking to come over to the Houston office. We would like to get him into the November 1st interviews. His contact information is on the resume, but here is his number as well 44-20-778-35558 ....for a London line direct to Brent dial 844-35558 Thank you! Adrianne x57302 the resume is attached....


From: k..allen@enron.com Subject: RE: Bishops Corner Greg, I would rather sign and fax copies of the necessary contracts then follow up with originals through the mail. Phillip -----Original Message----- From: "Greg Thorse" <gthorse@keyad.com>@ENRON Sent: Monday, October 29, 2001 11:00 AM To: Allen, Phillip K. Subject: Bishops Corner Phillip, I need to get the contract for Galaxy and Grande executed today. In addition I will need to close the loan at the title company in Hays County this week. If you elect me vice-president of Bishops Corner, Inc., I can take care of all of the documents. From a logistics standpoint this probably would be the best way to handle it. Please let me know today if possible so I can send them to the lender. Sincerely, Greg Thorse


From: k..allen@enron.com Subject: FW: Properties for sale -----Original Message----- From: "Jeff Smith" <jsmith@austintx.com <mailto:jsmith@austintx.com>>@ENRON Sent: Tuesday, October 23, 2001 3:15 PM To: Allen, Phillip K. Subject: Properties for sale There are three other deals that I will fax to you. let me know if you have an interest. Thanks, Jeff Smith The Smith Company 9400 Circle Drive Austin, Texas 78736 512-394-0908 office 512-394-0913 fax 512-751-9728 mobile jsmith@austintx.com <mailto:jsmith@austintx.com> - Metropolitan sales sheet.xls - south center oaks sales sheet.xls - Treaty Oaks Sales Sheet.xls


From: k..allen@enron.com Subject: FW: Chase Backtest -----Original Message----- From: Hayden, Frank Sent: Monday, December 17, 2001 4:54 PM To: Allen, Phillip K. Cc: Gossett, Jeffrey C.; White, Stacey W. Subject: FW: Chase Backtest Attached is the file I'm proposing to send to Chase with suggested wording. To eliminate "Chase" from using data to "back-in" to pnl, we deleted all up days, and forwarded out corrected data, per files received from Jeff and Stacey. Please review and provide feedback. Additionally, if you are comfortable with data, please authorize its release. Thanks Frank "Steve Following on from our discussion concerning the back testing data, we have re-checked the underlying data with our middle office. There were some errors in your file which we have now corrected, and for clarity, included losses in the backtest file, since these are what we consider in the backtest process. I trust this helps - let us know if you need anything further Regards"


From: k..allen@enron.com Subject: RE: try this one for starters Mac, This looks good. I won't know exactly what my cash position is until mid January. I will let you know. Thanks, Keith -----Original Message----- From: "Hargrove, Mac D [PVTC]" <mac.d.hargrove@rssmb.com>@ENRON Sent: Tuesday, December 18, 2001 11:47 AM To: 'pallen@enron.com' Subject: FW: try this one for starters Phillip, This is our muni traders recommendation. Look it over and let me know what you think. Mac > ---------- > From: Martin, Deanna L [MSD] > Sent: Tuesday, December 18, 2001 11:23 AM > To: Hargrove, Mac D [PVTC] > Subject: try this one for starters > > <<1.pdf>> > let me know about questions. > -------------------------------------------------------------- Reminder: E-mail sent through the Internet is not secure. Do not use e-mail to send us confidential information such as credit card numbers, changes of address, PIN numbers, passwords, or other important information. Do not e-mail orders to buy or sell securities, transfer funds, or send time sensitive instructions. We will not accept such orders or instructions. This e-mail is not an official trade confirmation for transactions executed for your account. Your e-mail message is not private in that it is subject to review by the Firm, its officers, agents and employees. -------------------------------------------------------------- - 1.pdf << File: 1.pdf >>


From: k..allen@enron.com Subject: RE: Amerex - Scott Halprian Andy, I don't know what your need for brokerage services are, but Scott is nice enough as far as brokers go. Personally, I am extremely pleased with the transition to online platforms and find that I can get 90%+ of my business done online. If you have a need for brokers, Scott is a good choice. Phillip -----Original Message----- From: Fairley, Andrew Sent: Tuesday, October 30, 2001 7:13 AM To: Holst, Keith; Allen, Phillip K. Subject: Amerex - Scott Halprian Hi guys, We met last February when I was over in Houston and you kindly gave me some pointers as to how we in the UK can apply your experiences to the UK market. I have had a call from Scott at Amerex saying he is moving to London to set up here. He has said you would recommend him with a view to working our numbers here in Europe. Would you be able to comment favourably or otherwise when you get a minute? Many thanks Andy


From: k..allen@enron.com Subject: Texas1031_homepage Carlos, I faxed you a copy of the contract to sell the property in Leander. The title company is Chicago Title Company in Austin. Their address is 1501 S Mopac, Suite 130, Austin, TX 78746. Wendy Butters is the contact person. Her number is (512)480-8353. Phillip


From: k..allen@enron.com Subject: RE: Exchange Documents Jerry, I had a couple of questions about the exchange. 1. Can I place the replacement property into a limited partnership? 2. The cash to be escrowed is approx. $650K. At money market rates of 3.5% the interest in six months would be over $10K. Will the funds be held in an interest bearing account and will I receive the interest? 3. Should I fed ex all these documents to the title company? Thank you, Phillip -----Original Message----- From: Jerry Caskey <jerry@texas1031.com>@ENRON Sent: Thursday, November 01, 2001 1:13 PM To: Allen, Phillip K. Subject: Exchange Documents Mr. Allen: Would you please sign the exchanges documents where indicated and fax back to us only the signed pages. Wendy Butters will have the buyer sign her set of documents for the closing. Our fax # is 830-625-1031 Jerry Caskey Lone Star Exchange Company - 1031.gif << File: 1031.gif >> - Phase 1.pdf << File: Phase 1.pdf >>


From: pam.butler@enron.com Subject: FW: Phantom Stock Payouts -----Original Appointment----- From: Etienne, Bernadette On Behalf Of Butler, Pam Sent: Tuesday, November 06, 2001 1:35 PM To: Butler, Pam; Ratcliff, Renee; Martin, Thomas A.; Allen, Phillip K.; Neal, Scott Subject: Phantom Stock Payouts When: Thursday, November 08, 2001 11:30 AM-12:30 PM (GMT-08:00) Pacific Time (US & Canada); Tijuana. Where: EB1672 Attendees: Pam Butler Renee Ratcliff Larry Lewis Tom Martin Scott Neal Phillip Allen


From: k..allen@enron.com Subject: RE: new PO available Jim, I received your email on the Killeen post office. I am still having a tough time making the math work. Can you prepare a spreadsheet that would show why the post office is such a good investment? Maybe the assumptions I am making about interest rates, expenses, or value at the end of the lease are incorrect. Phillip -----Original Message----- From: James Wills <jwills3@swbell.net>@ENRON Sent: Friday, November 09, 2001 4:22 PM To: pallen70@hotmail.com; pallen@enron.com Subject: new PO available Phillip, Hope your trip to Kerrville was worthwhile, and you had a chance to check out the Heritage Building. I am writing to tell you about another post office that has just come back on the market...it's in Killeen, and was under contract for about 30 days. But one of my clients here who was in a 1031 exchange, and had designated three post offices with us, could only actually buy two, so today he released this one. The Killeen post office (Harker Heights, a suburb) is one of the best we have had in our inventory. It was built by a developer who is a friend of ours and has been constructing POs for many years. She had to turn down two other potential buyers recently because it was under contract. I'm sure it will not last long. I have attached a flyer for you, and can supply a copy of the lease too. If you are interested, do let me know soon...we will need to act quickly! With best regards, Jim Wills - Harker Heights.doc << File: Harker Heights.doc >>


From: k..allen@enron.com Subject: RE: word file as promised Bob, The application for the variance states that I applied for a permit on October 29th and was rejected. Do the discussions with the building inspector constitute denial. Phillip -----Original Message----- From: "Robert W. Huntley, CFP" <wise.counsel@lpl.com>@ENRON Sent: Monday, November 12, 2001 11:45 AM To: Allen, Phillip K. Subject: word file as promised - Allen 8855 Merlin lttr.doc << File: Allen 8855 Merlin lttr.doc >>


From: k..allen@enron.com Subject: FW: -----Original Message----- From: O'rourke, Tim Sent: Tuesday, November 13, 2001 7:29 AM To: Allen, Phillip K. Subject: RE: Yes I have. I'm getting all the details on the 4 options I have with the project: Terminate Postpone until Q1 Postpone until deal Closure continue as planned. When I get this info I'll talk with you about it. We're currently about to end Phase 2 (approx 50% completed). -----Original Message----- From: Allen, Phillip K. Sent: Tuesday, November 13, 2001 9:19 AM To: O'rourke, Tim Subject: Tim, Have you considered reducing the scope or terminating the Accenture project to conserve cash? Where are we in terms of %complete? Phillip


From: k..allen@enron.com Subject: RE: Muni Bond Ladder I would like more detail about how much margin my open positions require and how the muni's are treated with regard to margin. The call's I am short are way out of the money. The only positions that are changing very much in value are the Enron shares I am long and the Enron puts I am short. I would consider closing those positions. I would like to put the maximum possible into Muni's. Please forward this email to Steve. Phillip -----Original Message----- From: "Sandoval, Julieta" <julieta.sandoval@ubspainewebber.com>@ENRON Sent: Tuesday, November 13, 2001 8:25 AM To: Allen, Phillip K. Subject: Muni Bond Ladder Phillip: Steve and I are inquiring on the email you sent him. We wanted come up with a Muni proposal for 1M and take it from there. At this point, we have about 1.3M available but using this full amount would not give us any cushion in regards to margin. Let us know if the 1M is OK with you; assuming we can always go in and invest more into the bond ladder. Julieta Sandoval Registered Client Service Associate UBS PaineWebber 1111 Bagby Street, Suite 5100 Houston, Texas 77002 713-654-0275 ****************************************************** Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your UBSPaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by UBSPaineWebber and UBSPaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: UBSPaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.


From: k..allen@enron.com Subject: RE: I would like to achieve a yield of 5%. I am expecting an average maturity date of 2020. Since the treasury is only paying 6.25% taxable at 39%, isn't the effective yield only 3.8%? Why wouldn't I move this money to muni's? Phillip -----Original Message----- From: "Matthews, Steven" <steven.matthews@ubspainewebber.com>@ENRON Sent: Tuesday, November 13, 2001 9:22 AM To: Allen, Phillip K. Subject: Phillip, Right now you can use the entire amount in your money market ( approx. $785,000) for your muni bond portfolio. After the treasury comes due on Jan 31, 2002, you will have another $750,000. You really don't have to worry about your margin requirements because you still get 80% of the value of your municipals credited towards marginable securities. So, the bottom line is 785m right now. Jan 31, 2002 another 750m. One thing to keep in mind are 28 put contracts you still have out there. Unless you close that position you will probably get put those. Let me know how much you want for your Muni Proposal to be for. Also, if there are any specifics that you want me to consider with your proposal such as duration, maturity, etc. Steve ****************************************************** Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your UBSPaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by UBSPaineWebber and UBSPaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: UBSPaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.


From: k..allen@enron.com Subject: RE: Home Nortel VPN use I am still using my home Nortel VPN access. -----Original Message----- From: Grove, Chrissy Sent: Tuesday, November 13, 2001 8:58 AM To: Abshire, Scott; Adamik, Darren; Allen, Phillip K.; Arnold, John; Bhagat, Sanjay; Bosco, Eli; Buy, Rick; Cowley, Mark; Cramer, James; Frevert, Mark; Fricker, Charlene; Guadarrama, Michael; Huang, Xiaowu; Imam, Hasan; Jeganathan, Lenine; Jenson, Jarod; Kruleski, Mick; Lavorato, John; Lowry, Jennifer ; Lowry, Phil; Mazowita, Mike; Miller, Beverly; Patrick, Christie; Petzold, Brad; Ratliff, Dale; Tang, Mable; Tycholiz, Barry; Uribe, Carlos Subject: Home Nortel VPN use Importance: High All: Please verify if you still use your home Nortel VPN access. Thank you, Chrissy Grove Network Security 713.345.8269


From: k..allen@enron.com Subject: RE: Muni Proposal The spreadsheet you sent will not open up and calculate any yields. Can you resend? -----Original Message----- From: "Matthews, Steven" <steven.matthews@ubspainewebber.com>@ENRON Sent: Wednesday, November 14, 2001 10:35 AM To: Allen, Phillip K. Subject: Muni Proposal Phillip, I have the proposal for you. Take a look at it and try to respond as soon as possible. These are bonds in inventory right now that we can buy. So, if you want this please let me know ASAP. Thanks, Steve <<HS-STEVE MATTHEWS#2.xls>> ****************************************************** Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your UBSPaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by UBSPaineWebber and UBSPaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: UBSPaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees. - HS-STEVE MATTHEWS#2.xls << File: HS-STEVE MATTHEWS#2.xls >>


From: k..allen@enron.com Subject: RE: Thursday Meeting Mery, I will not be in the office on Thursday. Can we meet on Friday at 10 am? Try to get a room off the 32nd floor. -----Original Message----- From: mery.l.brown@accenture.com@ENRON Sent: Tuesday, November 13, 2001 5:54 PM To: pallen@enron.com Cc: donald.l.barnhart@accenture.com; kmcdani@enron.com Subject: Thursday Meeting Phillip, We spoke with Ina and scheduled a meeting with you for this Thursday from 10:00 - 11:00 in Room 3267 of the Enron Building. The purpose of this meeting will be to get your sign-off on the feedback approach for the simulation. We have outlined, in greater detail than you and I have previously discussed, what we will provide feedback on and how we will provide it for each scenario. It will be important for us to get your input on Thursday because we need to finalize the feedback structure before we can begin building the course. If you have any questions, please feel free to call me at Ext. 5-6676. Mery This message is for the designated recipient only and may contain privileged, proprietary, or otherwise private information. If you have received it in error, please notify the sender immediately and delete the original. Any other use of the email by you is prohibited.


From: k..allen@enron.com Subject: RE: BRM Case & Options Yevgeny, Please send me an email describing the zero option so I can pass it along to the other SME's. Phillip -----Original Message----- From: Frolov, Yevgeny Sent: Monday, November 19, 2001 10:26 AM To: Allen, Phillip K. Cc: McDaniel, Kirk; Coleman, Brad; O'rourke, Tim Subject: BRM Case & Options Importance: High Phillip, I am following up to our BRM conversation from Friday. Obviously it is a valid questions to ask and as you requested I am attaching two documents: one summarizing the options and 2nd cash flow impact. In the cash flow impact Case 2 & 3 already account for additional cut of 100k from existing cost. (it comes from Expenses such as projected traveling 30K+Cut in Media 20K + Cut in sim exercises 50K) The cut in sim exercises need to be confirmed with you. A total of two sims could be cut one. Accenture will address this question tomorrow during the meeting. Also, I will ask them to cut the meeting by 10 min, thus we can go over the documents and can answer your questions. I am not sure what is Tim's schedule for tomorrow, but at least Kirk and myself will be around. Obviously cutting sims is not the best options but we are considering all alternatives at this time. We will continue to review how to cut labor and expenses. One question that it would be good if you think about it before we meet is as follow. Is BRM "core" to the Enron for next few months or new organization? Please consider the costs of finishing this project. Sincerely, Yevgeny Frolov 713-345-8250 w << File: BRM Cash Flow Cases.xls >> << File: BRM Contingency Numbers Rev3.xls >>


From: k..allen@enron.com Subject: RE: Summary of Today's Meeting Mery, Are we scheduled to meet tomorrow at 10 AM? If yes can we change to 2 PM? Phillip -----Original Message----- From: mery.l.brown@accenture.com@ENRON Sent: Friday, November 16, 2001 12:22 PM To: pallen@enron.com Cc: donald.l.barnhart@accenture.com; kmcdani@enron.com; Frolov, Yevgeny Subject: Summary of Today's Meeting Phillip, Thank you for meeting with us today. I want to take a few minutes to summarize the decisions that came out of our meeting. 1. Feedback Approach: We will incorporate the ideas and suggestions you gave us and move forward with this approach. 2. SME Review of Knowledge System Topics: When the time comes for Topics reviews, we will send you the name of the SME who is responsible for sign-off on each topic. 3. Conversion and Arbitrage Problems: We will brainstorm ways to incorporate more problems without going over our 4-6 hour target. We will meet with you next Tuesday at 10:00 to review the problems as we've designed them so far and arrive at a solution. (I will send an e-mail Monday with the room number.) Have a good weekend. Mery This message is for the designated recipient only and may contain privileged, proprietary, or otherwise private information. If you have received it in error, please notify the sender immediately and delete the original. Any other use of the email by you is prohibited.


From: k..allen@enron.com Subject: RE: PO spreadsheets Jim, Your spreadsheet shows the same type of return I was calculating. Your insurance and repair numbers seem very low. Also, assuming that the options to extend at higher rates will be exercised is a huge leap of faith. I don't believe these properties cost any where near the $150+/sf that they are being offered at. Based on the optimistic back loaded returns, I would not be comfortable purchasing a post office at this time. Thank you anyway. Phillip -----Original Message----- From: James Wills <jwills3@swbell.net>@ENRON Sent: Tuesday, November 20, 2001 8:56 AM To: pallen70@hotmail.com; pallen@enron.com Subject: PO spreadsheets Phillip, Hope you are doing well this week, and have great plans for Turkeyday!! We'll be with family in Austin, and kind of on a maiden voyage in our '83 Avion that we're upgrading for camping! Here's a look at three post offices in a slightly different manner. Remember that the Roma one is about 5 years old, was a 15 yr lease originally. The other two are new. The Roma is like buying a savings account. It would be paid off in 10 years, you would reap some cash flow during that period, then the bonus kicks in after that with the 10 yr. renewals at a higher lease income after it's paid off. It would probably go beyond another 10 years. Cash on cash returns don't mean as much on shorter amoritazations like Roma. We have shown this info and flyers to several people, so do let us know if you are interested in any of them...I really don't think they will last long. With best regards, Jim Wills - new analysis.xls << File: new analysis.xls >>


From: k..allen@enron.com Subject: FW: Regatta, Sea Breeze & Harvard Place Apartments - Austin, TX -----Original Message----- From: "Stutzman, Chris KWP" <cstutzman@KennedyWilson.com <mailto:cstutzman@KennedyWilson.com>>@ENRON Sent: Wednesday, November 28, 2001 4:14 PM To: 'pallen@enron.com' Subject: Regatta, Sea Breeze & Harvard Place Apartments - Austin, TX Phillip, The additional property information you requested on the Regatta, Sea Breeze & Harvard Place Apartments in Austin, Texas has been sent for 10:30 am delivery on Thursday, November 29th via Lone Star Overnight (Airbill # 22146964). Please call with any questions after your review of the information. We are set up to preview Sea Breeze and Harvard Place on Friday, the 30th at 9:00am starting at Harvard Place. Thank you, Chris Stutzman Chris Stutzman Marketing Director Kennedy-Wilson Brokerage Services 5929 Balcones Drive Suite 100 Austin, TX 78731 (512) 451-5555 Phone (512) 459-9617 Fax cstutzman@kennedywilson.com <mailto:cstutzman@kennedywilson.com>


From: k..allen@enron.com Subject: FW: Please Forward To Keith -----Original Message----- From: "Darrell Jack" <djack@keyad.com <mailto:djack@keyad.com>>@ENRON Sent: Thursday, November 29, 2001 11:51 AM To: Allen, Phillip K. Subject: Please Forward To Keith Hey Phillip, I have gone into travel planning mode and wanted to invite both you and Keith on a scuba expedition. Greg, our friend Larry Hudler and I are planning a trip to Fiji January 24th to Feb. 2nd. All in, the trip should be about $2,000. This includes Airfare, Condo, Diving, Food, and Drink, and maybe a little more drink. Let me know if either of you can attend. Darrell


From: k..allen@enron.com Subject: RE: Please Forward To Keith Thanks for the invitation. Keith might have the freedom to go. Phillip -----Original Message----- From: "Darrell Jack" <djack@keyad.com>@ENRON Sent: Thursday, November 29, 2001 11:51 AM To: Allen, Phillip K. Subject: Please Forward To Keith Hey Phillip, I have gone into travel planning mode and wanted to invite both you and Keith on a scuba expedition. Greg, our friend Larry Hudler and I are planning a trip to Fiji January 24th to Feb. 2nd. All in, the trip should be about $2,000. This includes Airfare, Condo, Diving, Food, and Drink, and maybe a little more drink. Let me know if either of you can attend. Darrell


From: k..allen@enron.com Subject: RE: Calpine Plants thanks for the update. This is very useful. -----Original Message----- From: Walsh, Kristin Sent: Tuesday, May 15, 2001 10:51 AM To: Allen, Phillip K.; Grigsby, Mike Cc: Tholan, Scott Subject: Calpine Plants Importance: High Phillip, Below is a brief update on the Sutter Power plant. We expect more information soon on both and will forward it when received. Please let me know if you have any questions. Sutter Power (500 MW) They are very close to being complete with all construction They are currently taking in gas for testing of the plant and the project is expected to be fully on-line July 2nd All environmental permitting and regulatory hurdles have been completed Thanks, Kristin


From: k..allen@enron.com Subject: RE: pnw-march1-forecast-gas-update-summary.xls Tim, Thanks for the update. -----Original Message----- From: Heizenrader, Timothy Sent: Wednesday, May 16, 2001 11:23 AM To: Allen, Phillip K. Cc: Belden, Tim Subject: pnw-march1-forecast-gas-update-summary.xls Here's the forecast that you asked for, updated for reported actuals, mid-Columbia spill participation and an assumption that the current drastic efforts to refill continue through June 10. Not included is the rumored 400 MW-mo of federal lower Columbia spill that's been considered for the May to mid-June time frame.


From: k..allen@enron.com Subject: RE: Friday 5/25/01 That is fine -----Original Message----- From: Rangel, Ina Sent: Wednesday, May 16, 2001 2:50 PM To: Shively, Hunter S.; Allen, Phillip K.; Neal, Scott; Martin, Thomas A.; Vickers, Frank; Tycholiz, Barry; Lagrasta, Fred Subject: Friday 5/25/01 Deskheads: I would like to have a 2 hour team building session for the assistants, receptionists, and clerks on Friday 5/25/01. The only thing that will be charged to your cost center is the cost of a lunch brought in for the administrative staff. I know that the assistants usually are out of here between 12:30 to 1:30 being that this is a Friday before a holiday. I would like to have the session start at 12:30 so that they can still be out of here by 2:30 that day. This would require the phones being on solo pilot starting at 12:30. Please respond with your approval, questions and/or comments as soon as time permits so I can set everything up this week. Many thanks, Ina Rangel


From: k..allen@enron.com Subject: FW: Action Requested: Past Due Invoice -----Original Message----- From: <iBuyit.Payables@Enron.com>@ENRON [mailto:IMCEANOTES-+3CiBuyit+2EPayables+40Enron+2Ecom+3E+40ENRON@ENRON.com] Sent: Sunday, May 27, 2001 10:08 PM To: pallen@enron.com Subject: Action Requested: Past Due Invoice Please do not reply to this e-mail. You are receiving this message because you have an unresolved invoice in your iBuyit Payables in-box that is past due. Please login to iBuyit Payables and resolve this invoice as soon as possible. To launch iBuyit Payables, click on the link below: http://iBuyitPayables.enron.com Note: Your iBuyit Payables User ID and Password are your eHRonline/SAP Personnel ID and Password. First time iBuyit Payables user? For training materials, click on the link below: http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265 Need help? Please contact the ISC Call Center at (713) 345-4727.


From: k..allen@enron.com Subject: RE: The Stage Jeff, The release that Jacques prepared provides for the payback of any utilities that I have been paying since 4/20. You might mention to them that we need to get the utilities settled up before we pay the $11,000. It might be a good idea to go ahead and have the utilities transferred so we can get the final amount since 4/20. Also May 20th was supposed to be the 1st payment on the two notes. But I have not received payment on either. Let's try and wrap this up this week. Phillip -----Original Message----- From: "Jeff Smith" <jsmith@austintx.com>@ENRON [mailto:IMCEANOTES-+22Jeff+20Smith+22+20+3Cjsmith+40austintx+2Ecom+3E+40ENRON@ENRON.com] Sent: Tuesday, May 29, 2001 1:51 PM To: Allen, Phillip K. Subject: The Stage The kuo's are having their attorney look at the agreement. They need to transfer their onwership into a LLP with your consent before they can sign the agreement. Pauline is contacting the bank for their consent also. You may need to sign a consent form to transfer the LLP. I will keep you posted. Jeff Smith The Smith Company 2714 Bee Cave Road, Suite 100-D Austin, Texas 78746 512-732-0009 512-732-0010 fax 512-751-9728 mobile


From: k..allen@enron.com Subject: RE: Leander Is AMF willing to put up the additional earnest money and acknowledge June 29th as the day they were supposed to close or do they believe they are honoring the contract by closing on July 18th? Of course, I would prefer to close as soon as possible. I received the fax from the stagecoach. I am willing to pay any small expenses like the phone bill incurred prior to April 20th. What is the status of the release and the utility transfer? Phillip -----Original Message----- From: "Jeff Smith" <jsmith@austintx.com>@ENRON [mailto:IMCEANOTES-+22Jeff+20Smith+22+20+3Cjsmith+40austintx+2Ecom+3E+40ENRON@ENRON.com] Sent: Tuesday, June 05, 2001 10:16 AM To: Allen, Phillip K. Subject: Leander The buyer wants to close on July 18 or 19th. According to the contract they must close one month after all requirements have been met or put up an additional $25,000 in NON-REFUNDABLE earnest money. The zoning was approved on May 29. However, the official zoning designation has not been done yet and may not be approved until around the 1st of Aug. Give me a call when you get back. Jeff Smith The Smith Company 2714 Bee Cave Road, Suite 100-D Austin, Texas 78746 512-732-0009 512-732-0010 fax 512-751-9728 mobile


From: john.arnold@enron.com Subject: re:spreads saw a lot of the bulls sell summer against length in front to mitigate margins/absolute position limits/var. as these guys are taking off the front, they are also buying back summer. el paso large buyer of next winter today taking off spreads. certainly a reason why the spreads were so strong on the way up and such a piece now. really the only one left with any risk premium built in is h/j now. it was trading equivalent of 180 on access, down 40+ from this morning. certainly if we are entering a period of bearish to neutral trade, h/j will get whacked. certainly understand the arguments for h/j. if h settles $20, that spread is probably worth $10. H 20 call was trading for 55 on monday. today it was 10/17. the market's view of probability of h going crazy has certainly changed in past 48 hours and that has to be reflected in h/j. slafontaine@globalp.com on 12/13/2000 04:15:51 PM To: slafontaine@globalp.com cc: John.Arnold@enron.com Subject: re:spreads mkt getting a little more bearish the back of winter i think-if we get another cold blast jan/feb mite move out. with oil moving down and march closer flat px wide to jan im not so bearish these sprds now-less bullish march april as well.


From: john.arnold@enron.com Subject: re:summer inverses amazing how with cash futures at $1 and the back such a piece that f/g under such pressure. month 2 has been the strongest part of the board all year. will be interesting to see what happens when h/j is prompt. could j actually be strong? seems like of the spreads on the board the best risk reward is in f/g. a little worried about having the z/f effect again. that is, all spec length trying to roll and funds trying to roll at the same time leading to some ridiculous level at expiry. any thoughts? slafontaine@globalp.com on 12/08/2000 12:05:54 PM To: John.Arnold@enron.com cc: Subject: re:summer inverses i suck-hope youve made more money in natgas last 3 weeks than i have. mkt shud be getting bearish feb forward-cuz we already have the weather upon us-fuel switching and the rest shud invert the whole curve not just dec cash to jan and feb forward???? have a good weekend john


From: john.arnold@enron.com Subject: Re: congrats We both thank you From: Jennifer Fraser 10/17/2000 06:12 PM To: John Arnold/HOU/ECT@ECT cc: Subject: congrats Dutch ( as you know ) is great. I am very happy for him and you JF


From: john.arnold@enron.com Subject: Re: Hi So, what is it? And by the way, don't start with the excuses. You're expected to be a full, gourmet cook. Kisses, not music, makes cooking a more enjoyable experience. "Jennifer White" <jenwhite7@zdnetonebox.com> on 10/17/2000 04:19:20 PM To: jarnold@enron.com cc: Subject: Hi I told you I have a long email address. I've decided what to prepare for dinner tomorrow. I hope you aren't expecting anything extravagant because my culinary skills haven't been put to use in a while. My only request is that your stereo works. Music makes cooking a more enjoyable experience. Watch the debate if you are home tonight. I want a report tomorrow... Jen ___________________________________________________________________ To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax, all in one place - sign up today at http://www.zdnetonebox.com


From: john.arnold@enron.com Subject: Re: Thursday meeting sure, stop by and we'll arrange a place to meet. If you come by during trading hours though, I can only say hi for a couple seconds. "Mark Sagel" <msagel@home.com> on 10/17/2000 05:20:14 PM To: <John.Arnold@enron.com> cc: Subject: Re: Thursday meeting That sounds fine. Would you like to meet at your office and go from there? By the way, I will be in your office earlier in the afternoon for a meeting. Perhaps I can stop over to say hello. ----- Original Message ----- From: <John.Arnold@enron.com> To: <msagel@home.com> Sent: Tuesday, October 17, 2000 5:53 PM Subject: Re: Thursday meeting how about 6:00 for drinks "Mark Sagel" <msagel@home.com> on 10/17/2000 04:34:56 PM To: "John Arnold" <jarnold@enron.com> cc: Subject: Thursday meeting Hey John: When you have a chance, let me know what time works for us to get together Thursday. Thanks, Mark Sagel Psytech Analytics


From: john.arnold@enron.com Subject: Re: Thursday meeting how about 6:00 for drinks "Mark Sagel" <msagel@home.com> on 10/17/2000 04:34:56 PM To: "John Arnold" <jarnold@enron.com> cc: Subject: Thursday meeting Hey John: ? When you have a chance, let me know what time works for us to get together Thursday.? Thanks, ? Mark Sagel Psytech Analytics


From: john.arnold@enron.com Subject: Re: I've got a "strategy" mtg from 3:00 - 5:00. It's very important. I've got to strategize about things. Not sure about exactly what. Just things. From: Margaret Allen@ENRON on 10/17/2000 01:13 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Other than the fact that we desparately need your unbelieveably marketing-savvy person up here - no. What's going on in the trading world? Maybe I'll have to mosey on down there later today. Is it busy?


From: john.arnold@enron.com Subject: Re: Margin Lines yea, how about 3:30? Sarah Wesner@ENRON 10/16/2000 10:21 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Margin Lines Are you around today? I need to talk to you about some things. Sarah


From: john.arnold@enron.com Subject: Re: John Arnold's PC how about 4:00? Ina Rangel 10/16/2000 11:03 AM To: John Arnold/HOU/ECT@ECT cc: Subject: John Arnold's PC John, When would be a good time for you. After work maybe? Ina ---------------------- Forwarded by Ina Rangel/HOU/ECT on 10/16/2000 11:02 AM --------------------------- DON ADAM @ ENRON 10/16/2000 10:06 AM To: Ina Rangel/HOU/ECT@ECT cc: Subject: John Arnold's PC Ina, Could you please have John email you the directions to his house and when would be a good time to come by and install the equipment? Thanks. Don


From: john.arnold@enron.com Subject: Re: Sunday Trading Savita: A couple of issues: 1. I'm having trouble setting a syncopated basis child of a syncopated basis child (grandchild). Is this not currently allowed by the system? 2. I have a lot of counterparties whom click on hub gas daily when they meant to trade nymex. Although I would like the nymex filter to bring gas dailies, is there anyway to separate them a little more clearly. Eventually I would like to run all my products in parallel with gas daily, but I'm restricted right now by issue #1. Please advise, John


From: john.arnold@enron.com Subject: Re: cant handle the pressure of big money?? John J Lavorato@ENRON 12/10/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: minn +3 1/2 jack -16 1/2 tenn-cinnci under35 gb-det under 39 1/2 tb +2 1/2 new england +2 1/2 pitt +3 1/2 phil-clev under 33 1/2 seattle +10 jets +9 1/2 and over 40 1/2 tease as discussed.


From: john.arnold@enron.com Subject: Re: Last night Oh yea, I always get those two places confused. From: Margaret Allen@ENRON on 10/13/2000 04:26 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night I thought we agreed to Denny's tonight after Rick's?!


From: john.arnold@enron.com Subject: Re: mkts pira's certainly got the whole market wound up. I've seen a wave of producer selling for the first time in two months over the past two days. Most selling Cal 1 off the back of Pira. Pira certainly commands a lot of respect these days. Too much, probably. The problem with all these bull spreads (ie F-H) is the thought process in natty is that if Jan is strong, just think what happens when you get to March and run out of gas. The spread game is very different than playing crude. These spreads haven't moved for the past 1000 point runup. You know there were guys bullish this market trying to play it with spreads and haven't made a penny. Just to clarify, Pira said 3 bcf y on y for Z1? That seems hard to believe. slafontaine@globalp.com on 10/13/2000 09:42:43 AM To: jarnold@enron.com cc: Subject: mkts cmon give me some credit-you think ive been doing this this long w/out know who's doing what! im i ny for the pira conference-thyre pretty bearish cal 01 and 02-will be interesting to see if/when the producers start to take that to heart. here's one for you to think about... of pira's rite-ie production gonna be up 1-1.5 bcf by year end. does increased deliverabilty mean these winter sprds in producing areas-ie jan-apr and the fact the mkts gonna be more concerened about running out in march than in jan suggest big invererese will not be sustainable but will happen only on a weather event??? be curoius your thots-i maybe thinking too much but makes some sense to me-have a good weekend johnny. pira says decm 01 prod up 3 bcf y on y!


From: john.arnold@enron.com Subject: Re: Last night of course... just kidding. Aldo's next week. you're done. Open up your checkbook baby. From: Margaret Allen@ENRON on 10/13/2000 03:45 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Last night am i being ignored?


From: john.arnold@enron.com Subject: Re: Jerk From: Jeffrey A Shankman 10/13/2000 08:49 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Give me a C Give me an N Give me an R Give me an S What do you have? A Quarter!


From: john.arnold@enron.com Subject: Re: Last night Lady, c'mon...you're just one of the guys! Wanna go to Treasures tonight? From: Margaret Allen@ENRON on 10/13/2000 08:39 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Last night Hey Buster John, Despite the X's you received last night for your ill behavior, I wanted to thank you for dinner because I had a great time. Although, I do take personal offense to being flipped off at least 5 times in the course of dinner. Watch your manners when your with a lady! I hope you have a great Friday and today is one of your top 5 too! MSA


From: john.arnold@enron.com Subject: RE: (no subject) Please call me at 713 557 3330


From: john.arnold@enron.com Subject: RE: (no subject) I am not who you think I am. I have never been in IDRC nor am I in the profession. Thx, John Jeannine Peaker <jeannine.peaker@idrc.org> on 09/12/2000 02:09:32 PM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: (no subject) We are still showing you as an Active member of IDRC. Do you wish to resign from the membership? -----Original Message----- From: jarnold@ect.enron.com [mailto:jarnold@ect.enron.com] Sent: Tuesday, September 12, 2000 1:59 PM To: Jeannine Peaker Subject: (no subject) Remove me from your mailing list please.


From: john.arnold@enron.com Subject: Re: Re Larry May - REVISED Frank: Susan Scott, Larry's risk manager, will compile and send you a spreadsheet of total p&l minus new deal p&l since June 1. Can you review this data and compare it to the respective VAR numbers for these dates. I think you will see the VAR numbers way overestimate his p&l volatility. John Enron North America Corp. From: Frank Hayden @ ENRON 07/14/2000 05:17 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re Larry May - REVISED John, I apologize for the delay in responding, I was in class today. We are having difficulty backtesting Larry May's VaR. It looks as if during the month of June, the book administor loaded the spreadsheets into ERMS but assigned multiple master deal ID's. (the code is "NG-OPT-XL-PRC") For example Larry May is showing the following during the month of June: June 1st $797 million dollars loss June 2nd +192 million dollars made June 5th $300 million dollars made... (etc..) This problem makes it impossible to backtest.... Second, regarding a different approach, the immediate solution was the allocation of an additional $5 million dollars of VaR, thereby temporarily increasing your limit to $45 million. This limit increase is in effect until July 26th. The game plan is that during this time period, a better solution can be devised..... I hope this helps. Thanks, Frank John Arnold@ECT 07/14/2000 02:33 PM To: Frank Hayden/Corp/Enron@Enron cc: Subject: Frank: Just following up on two topics. One: Larry May's book continues to run at a VAR of 2,500,00 despite the fact his P&L is never close to that. Can you check that his exotics book positions are being picked up in his VAR calcs. Second: Have you looked into applying a band-aid to the understating longer term Vol problem until we change formulas? John


From: john.arnold@enron.com Subject: Re: Yea, problem is I left at noon to catch my flight, but Marc had a later flight because NY is closer to Columbus than here. Right after I left, the market got very busy and Marc decided to stay at work and not go. So that sucked. Jennifer Burns 10/12/2000 04:09 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: I think I would be a little disappointed after traveling so far.......I guess it was nice to see your "buddies". John Arnold 10/12/2000 04:06 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: Re: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?


From: john.arnold@enron.com Subject: Re: Sounds as if you went to a better show than I did. The game was very sloppy. They tied 0-0. Not too exciting. Jennifer Burns 10/12/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Well......IT WAS GREAT!!!!!! Live was actually better than Counting Crows (Shocking). How was the Soccer Game? I owe you dinner. Thanks again for the tickets. John Arnold 10/12/2000 03:38 PM To: Jennifer Burns/HOU/ECT@ECT cc: Subject: how was the concert?


From: john.arnold@enron.com Subject: Re: Follow - Up Thx, I do not have high speed service yet. Ina Rangel 10/12/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Follow - Up John, I just wanted to update you on some of the things that you wanted me to do: 1. I have ordered your computer and accessories for home use. Once it comes in Jay Webb and Don Adams of IT and EOL will make sure that everything you need will be programmed on your computer. 2. I I have ordered your t.v for the office 3. I am working with telerate department on how you will be able to access it from your home. 4. Polycom is installed in your office 5. I am still investigating different cellular phone companies I will get back to when everything is completed. And one question, do you all ready have DSL or any king of internet service at home? Ina


From: john.arnold@enron.com Subject: Re: Popup Text sounds good David Forster@ENRON 10/12/2000 01:32 PM To: Savita Puthigai/NA/Enron@Enron, Andy Zipper/Corp/Enron@Enron, Kal Shah/HOU/ECT@ECT cc: John Arnold/HOU/ECT@ECT Subject: Popup Text I would like to put the following text into a popup box which will appear once to all users of EnronOnline. If you have any comments, please pass them back to me by this afternoon. Thanks, Dave Special Bulletin: Nymex Trading every Sunday on EnronOnline Starting Sunday, October 15 and continuing every Sunday until further notice, Nymex US Gas Swaps will be available for trading from 4:00 p.m. to 7:00 p.m. Central Time.


From: john.arnold@enron.com Subject: Re: BNP PARIBAS Commodity Futures Weekly AGA Survey 82 michael.byrne@americas.bnpparibas.com on 10/11/2000 08:17:21 AM To: michael.byrne@americas.bnpparibas.com cc: Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey Good Morning, Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY. Last Year +49 Last Week +78 Thanks, Michael Byrne BNP PARIBAS Commodity Futures ______________________________________________________________________________ _______________________________________________________ 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. ______________________________________________________________________________ _______________________________________________________


From: john.arnold@enron.com Subject: Re: Var, Reporting and Resources Meeting I will not be able to attend Enron North America Corp. From: Airam Arteaga 10/11/2000 09:17 AM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli Romero/NA/Enron@Enron, Kay Chapman/HOU/ECT@ECT Subject: Var, Reporting and Resources Meeting REMINDER - Please see below. ---------------------- Forwarded by Airam Arteaga/HOU/ECT on 10/11/2000 09:14 AM --------------------------- Enron North America Corp. From: Airam Arteaga 10/04/2000 02:23 PM To: Phillip K Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron cc: Rita Hennessy/NA/Enron@Enron, Ina Rangel/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Araceli Romero/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect Subject: Var, Reporting and Resources Meeting Please plan to attend the below Meeting: Topic: Var, Reporting and Resources Meeting Date: Wednesday, October 11th Time: 2:30 - 3:30 Location: EB30C1 If you have any questions/conflicts, please feel free to call me. Thanks, Rain x.31560


From: john.arnold@enron.com Subject: Re: Substantiation for EOL how's 3:00? From: Margaret Allen@ENRON on 10/10/2000 12:08 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: Substantiation for EOL Oh, I have a meeting with four people at 3:30. Can I come before or after that? If no other time works, I can probably change it. Just let me know, MSA


From: john.arnold@enron.com Subject: Re: Substantiation for EOL Absolutely. Come by around 3:30?? From: Margaret Allen@ENRON on 10/10/2000 10:28 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Substantiation for EOL Hi, I was hoping that you could give me a few minutes after trading hours to help me substantiate the EOL commercial. ABC is threatening not to run it if I don't prove that "Enron has created the First Internet Global Commodities Market." I can easily prove we are the largest, but I'm having a hard time with first. I know we were, but I have to have it in writing. Give me a call or email me and let me know when you have a second or two. Thanks, Margaret


From: john.arnold@enron.com Subject: Re: Admin Issues how about 4:45? From: Jennifer Fraser 10/10/2000 10:52 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Admin Issues JA; Got any time say around 4 pm today .. I need 5 minutes to discuss some potential poaching on my part Thansk JF


From: john.arnold@enron.com Subject: Burning Fat ---------------------- Forwarded by John Arnold/HOU/ECT on 12/08/2000 03:48 PM --------------------------- From: Bill Berkeland @ ENRON 12/08/2000 03:43 PM To: John Arnold/HOU/ECT@ECT cc: Subject: Burning Fat ---------------------- Forwarded by Bill Berkeland/Corp/Enron on 12/08/2000 03:43 PM --------------------------- From: Jennifer Fraser @ ECT 12/07/2000 02:40 PM To: Sarah Mulholland/HOU/ECT@ECT, Stewart Peter/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT, Alex Mcleish/EU/Enron@Enron, Caroline Abramo/Corp/Enron@Enron, Mark Smith/Corp/Enron@Enron, Vikas Dwivedi/NA/Enron@Enron, Bill Berkeland/Corp/Enron@Enron cc: Subject: Burning Fat Vikas - What's the market in nat gas versus lard and heating oil versus olive oil ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 12/07/2000 02:39 PM --------------------------- "Joel K. Gamble" <Joel_K._Gamble@arrowindustries.com>@wwwww.aescon.com on 12/07/2000 12:33:40 PM Sent by: owner-natgas@wwwww.aescon.com To: natgas@wwwww.aescon.com cc: Subject: Burning Fat Some of our food processing factories in the Midwest which have fuel switching capability find it profitable at these gas prices to burn rendered animal fat in lieu of natural gas. Apparently, the doesn't hurt the boiler machinery. One of the guys responsible for this move did a back of the envelope calculation and found that at $8.00 / Dth NG prices it was even profitable to buy olive oil in bulk as a heating fuel. They haven't used veggie oil yet but are considering it. Anyone else hear any stories of end users switching to unusual fuels? Regards


From: john.arnold@enron.com Subject: Re: Hmmmmm........ Yea, I'm picking up 2 tix today....hopefully. John Jennifer Burns 10/09/2000 10:38 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Hmmmmm........ J. Arnold- Hey - It's me! Any luck with the tickets????? Just curious if there any way I can get four tickets instead of two? I know I'm asking alot but I really appreciate it. You know how much I love the Counting Crows and last time they were in town someone was going to take me but the plans fell through..........Thanks!!!!!!! Jennifer


From: john.arnold@enron.com Subject: Re: I was long 4000 X @ 4902, then I switched it from X to F at the same price. I switched it at 5000, but it puts me into the F at a price basis of 4902. Sorry for the confusion. Enron North America Corp. From: Kevin M Presto 10/05/2000 10:12 AM To: John Arnold/HOU/ECT@ECT cc: Subject: Re: My book indicates you have 4000F (Jan 01) at $5.00. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 09:41 AM --------------------------- Enron North America Corp. From: Jenny Latham 10/05/2000 09:23 AM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Re: He has 4000F (Jan01) in your book at 5000. Enron North America Corp. From: Kevin M Presto 10/05/2000 08:30 AM To: Stacey W White/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT cc: Subject: Please confirm Arnold's position by sending me an e-mail. ---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000 08:13 AM --------------------------- John Arnold 10/04/2000 04:01 PM To: Kevin M Presto/HOU/ECT@ECT cc: Subject: Hey: I just want to confirm the trades I have in your book. Trade #1. I sell 4000 X @ 4652 Trade #2. I buy 4000 X @ 4652 I sell 4000 X @ 4902 Trade #3 I buy 4000 X @ 5000 I sell 4000 F @ 5000 Net result: I have 4000 F in your book @ 4902. Thanks, John


From: john.arnold@enron.com Subject: Re: SMUD deal Asian options I can do it either way but would much rather just make it the simple average of prices, 5 per week. From: Gary Taylor 10/05/2000 07:25 PM To: John Arnold/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron cc: Subject: SMUD deal Asian options John(s), How will the Asian options we purchased from the gas desk settle with respect to weekends... will the average of every day's gas daily settle mean the average of only the days on which Gas Daily is published? or will it triple count each Friday's or Monday's price to account for the weekend (with a similar calculation on weekends). I assume it is the former, not the latter. Is this correct? Are you indifferent if we want to switch to the latter? Intuitively, it would seem to me that at this point, it wouldn't matter (because Friday or Monday prices are just as likely to be above the average as below the average), but you're wearing the risk, not us - so let me know. Frankly, we don't have a preference as a desk, except that we need the settlement to be consistent with the deal we are entering into with SMUD. SMUD has questioned our calculation and I need to know how much I need to argue for one or the other. Regards, Gary x31511


From: john.arnold@enron.com Subject: Re: Thank you for dinner last night Adam: Good question. The exchange, NYMEX, and I, Enron Online, offer a nearly identical product. The fight is over which execution model is superior. I would argue that technology will make open outcry exchanges extinct. It's happened in Europe already. The largest commodity exchange in Europe, the LIFFE, went with a parallel electronic system to open outcry. Within weeks, the floor was deserted and virtually all trading occurred electronically. I still trade on the exchange because we have credit issues with individuals and certain hedge funds that limit the trading we can do with them direct. The exchange still provides a credit intermediation function that is useful. It is certainly an issue that we are trying to address. John "Bayer, Adam Ryan" <adam.r.bayer@vanderbilt.edu> on 10/03/2000 01:23:01 PM To: John.Arnold@enron.com cc: Subject: Thank you for dinner last night Dear Mr. Arnold, It was nice to meet you yesterday at the information session. Thank you for the dinner last night. I had a great time getting to know Enron and its people in a more relaxed setting. During out conversation yesterday, I was confused about a point you made. You stated that you spent most of your time on the phone with Traders in New York. When you talk to the traders, do you try to steer them towards Enron Online, or are you doing trading outside of Enron Online? I think the underlying question that I am asking, is: Is Enron Online meant to facilitate a gas trader's job, or is it meant to bypass traders completely. Thanks again for your time and for dinner. I look forward to talking with you again when you come to campus for interviews. Cordially, Adam ----------------------------------------------------------------- Bayer, Adam Ryan Vanderbilt University Email: adam.r.bayer@Vanderbilt.Edu


From: john.arnold@enron.com Subject: Re: options information Dave: We spend a tremendous amount of resources and money collecting information. Further, the flow we see gives us an advantage in the market. We have little interest in distributing this info outside of the building. I hope you understand. Good luck to your brother. David Pruner@AZURIX 10/06/2000 09:03 AM To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron cc: Subject: options information I run the structuring group at Azurix, but I am emailing you in reference to my brother-in-law, Scott Adams, who is based in New York City. Since graduating from Brown University he has traded options on the floor in New York as a local for the last 8 years. He trades natural gas options and is looking to occassionally do an information exchange with someone where he can discuss the OTC market versus what he sees going on in the ring. If this would be of interest or not let me know and I will hook you two up. Thanks for your time. Dave Pruner 713-646-8329


From: john.arnold@enron.com Subject: Re: Demo Yea ... the later the better. Brian Hoskins@ENRON COMMUNICATIONS 10/05/2000 03:18 PM To: Fangming.Zhu@enron.com cc: John Arnold/HOU/ECT@ECT Subject: Re: Demo Fangming, I am out of town until tomorrow so will not be able to see the demo today. Wednesday afternoon looks good for me if you'd like to do it then. John, does this work for you? Brian Brian T. Hoskins Enron Broadband Services 713-853-0380 (office) 713-412-3667 (mobile) 713-646-5745 (fax) Brian_Hoskins@enron.net Fangming.Zhu@enron.com 10/05/00 09:17 AM To: Brian Hoskins/Enron Communications@Enron Communications cc: Allen.Elliott@enron.com Subject: Demo Hi, Brian: Let me know if you have time for the messageboard application demo today. I am planning to take vacation on Friday and coming Monday. I will not be available to show you the demo until next Wednesday if you can't see it today. Let me know your schedule. Thanks, Fangming


From: john.arnold@enron.com Subject: Re: aug/sep Sorry for not responding. I don't look at my email constantly through the day. Don't have much to do in Q/U still it widens back out. Thanks, John slafontaine@globalp.com on 10/05/2000 01:05:27 PM To: jarnold@enron.com cc: Subject: aug/sep i think your selling the whole curve-if your interested im .005 bid for 300 aug/sep ngas. let me know if your interested. dont let silverman get you into too much trouble tonite


From: john.arnold@enron.com Subject: RE: WEFA's Outlook for Natural Gas Something to take a look at ---------------------- Forwarded by John Arnold/HOU/ECT on 10/04/2000 04:17 PM --------------------------- From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <alfredo.goyburu@wefa.com> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt


From: john.arnold@enron.com Subject: RE: WEFA's Outlook for Natural Gas Thanks From: Jennifer Fraser 10/04/2000 11:10 AM To: John Arnold/HOU/ECT@ECT cc: Subject: RE: WEFA's Outlook for Natural Gas ---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 10/04/2000 11:08 AM --------------------------- "Goyburu, Alfredo" <alfredo.goyburu@wefa.com> on 10/04/2000 10:52:58 AM To: cc: Subject: RE: WEFA's Outlook for Natural Gas Thank you for your interest in Ron Denhardt's comments on Natural Gas. If you have any difficulty opening or using the file, please write to me or give me a call. Al Goyburu Electric Power WEFA Energy 610-490-2648 <<NAPC--Oct 2000.ppt>> - NAPC--Oct 2000.ppt


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From: john.arnold@enron.com Subject: Re: ABN Credit lines are like bandwidth. Create the capacity and we'll find a way to use it. Sarah Wesner@ENRON 10/03/2000 09:58 AM To: John Arnold/HOU/ECT@ECT cc: Subject: ABN John - Enron maxed out its facility with ABN on 9/18/00. I am going for an increase to $50 million. Do you see increasing your trade flow? I do not want to ask for interest free money if Enron will not use it. Sarah


From: john.arnold@enron.com Subject: Re: Natural update Mark: Let's keep the present system for the short-term. I would like to continue looking at your work for another couple weeks. We'll talk later, John "Mark Sagel" <msagel@home.com> on 10/03/2000 02:29:47 PM To: "John Arnold" <jarnold@enron.com> cc: Subject: Natural update John: ? The price behavior of the past couple days has been disappointing.? My short-term market patterns suggested a more robust price rally and natural appears to be waning at present.? Volume on this rally is poor, particularly since yesterday was a decent day to the upside.? The market appears to be using a lot of its energy but spinning its wheels.? If we are at these same price levels in another two weeks, that would be extremely bullish.? Right here, the risk/reward to being long is not so great.? Recommend a neutral stance short-term on natural.? Bigger picture is still very bullish.? However, this market needs another 1-2 weeks of what I would call horizontal price action to set the stage for a big move to the upside. ? Let me know if this stuff is useful for you.? I certainly don't want to waste your time.? In addition, if you prefer I call when I have something to pass along, let me know.? I don't know how often you check/see your e-mail.? Thanks, ? Mark Sagel