IN: This is an email
At the request of Kevin Montagne, I am attaching our proposed form of Non-Disclosure Agreement. If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490. I will then have it executed by Enron. If you have any comments or questions please call Mark Greenberg, Senior Counsel, at (713) 345-8897 or me at (713) 853-3399. We look forward to hearing from you.

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OUT: NDA - BEA Systems, Inc.
QUESTION: I wanted to wish each of you a Happy New Year and to also let you know that I will be on vacation through January 7. If there is anything that you need Maureen, Elizabeth & Gus will be in the office on January 2. Again, Happy New Year To All!!!!!! !
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ANS: Happy New Year!!!!
Multiple IT systems are being affected by a virus outbreak in Houston. home.enron.com enpower is being affected (General SQL Error) some Houston based Excel sheets not saving We will keep you informed. Dave Steiner
Q: What is a potential subject line for this email?
answer: Major outages in Houston affecting Systems in Portland
Good morning. With the energy crisis in California at this time, we will need to be extra careful with nominations at Socal and throughout the west to ensure that we continue to provide the excellent nomination service that we have been providing to our customers. You guys are doing an excellent job and we understand that you are under quite a bit of pressure with limited staff. Our contracts state that we must notify every customer of pipeline allocations 12 hours in advance. We all know that this can be almost impossible on EPNG, but because of the current price levels at Socal and the basins, Enron needs to call each customer and notify them of their cuts with an explanation of the pipeline cuts each day to avoid any potential penalties. We also need to document when the call was made. In regards to the ATM nominations on Socal (ones that we can't monitor), Enron will be requesting full pipeline summaries of the nominations from our counterparties. Please try to think of any nomination gaming that may take place at these historical levels. We need to remember that our counterparties may not act as they have in the past due to the market price implications on their P&L. We should not rely on prior business conduct in regards to "standard epng allocations" when dealing with our customers. I would expect that the market is going to overreact to any cuts that may be above the "pipeline average". Let's discuss how we are going to monitor the flows of nominations out of our control. How do we prevent collusion with respect to the socal nominations that we can't see? Are there package numbers on each baseload contract to ensure that they don't simply reshuffle gas according to price? Let me know which companies are not providing Enron with timely allocation reports at Socal and I will call their senior trader to discuss getting this operational information sooner. Sincerely,
Answer: Socal ATM nominations
Here is an email: Tanya: Here is the issue with respect to the Goldman Guaranty. The new Guarantor is now The Goldman Sachs Group, Inc. (previously it was The Goldman Sachs Group, LP). In the existing Guaranty, we permitted Goldman to assign its rights to a Successor Guarantor without our consent if the Successor Guarantor met the following qualifications: 1. (a) if the Successor Guarantor is a corporation, at least 50% of the voting stock had to be held by the same entities/persons that owned and controlled the previous Guarantor (b) if the Successor Guarantor is a partnership, it had to be controlled by the same entities/persons that controlled the previous Guarantor. 2. the Successor Guarantor's Credit Rating could not be lower than the lesser of (y) A2/A or (z) the predecessor Guarantor's Credit Rating prior to the transfer 3. the Successor Guarantor had to have a total net worth of at least $200,000,000 4. the Successor Guarantor had to be the direct or indirect parent of J Aron. Their lawyer is telling me that now that Goldman is public, it cannot agree to item #1. Are you okay if the criteria is just items 2,3 and 4? Carol
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A: J Aron
QUESTION: With the Dynegy announcement on November 9th, the U.S Trustee's office removed Enron from the PG&E Official Unsecured Creditor's Committee. Dynegy is already on the Committee. Important hearings in the PG&E bankruptcy are scheduled for December. These hearings should begin to vet the issue of preemption, or the ability of the federal bankruptcy court to preempt state law under the bankruptcy code, thus freezing out the CPUC from ruling on the transfer of PG&E's generating assets to FERC jurisdiction. We continue settlement discussions PG & E. Including offsets in our trading contracts, our net nominal exposure to PG&E is $511 million. The claim is disputed primarily due to the pending FERC refund case. In initial discussions, Enron offered a $85 million discount. PG&E has countered with a $237 million discount, a $152 million gap. We are meeting with the company in an attempt to narrow the difference. Southern California Edison (SCE) has broken off settlement negotiations. The are forwarding a position that the Direct Access customers should pay a share of the IOU's undercollection, even though many Direct Access customers were sourcing their power via ESP's at that time. Enron Government Affairs believes that the CPUC is behind SCE's position. This regulatory scheme would have Enron owing SCE money on a net basis. The Power Exchange (PX) Bankruptcy continues. Enron has taken a visible role on the PC Official Unsecured Creditors Committee. A liquidating plan in the bankruptcy should be filed shortly.
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ANS:
California slide for BOD package