After you read this, copy entire mail and paste it
into a new e-mail that you will send. Change all the
answers so that they apply to you. Then send this to a

whole bunch of people you know INCLUDING the person
who sent it to you.

The theory is that you will learn a lot of little
known facts about your friends. Remember to send yours

back to the person who sent it to you. You never know
what you'll learn! This is kinda fun.

Tell me about yourself:

1. What time is it:? 9:30pm
2. Name as it appears on your birth certificate:
Kimberly Jean Kirkwood
3. Nicknames: kimmy, kirky,little woody, kimber
4. Parent's names: Tom and Barbara
5. Number of candles that appeared on your last
birthday cake? 23
6. Date that you regularly blow them out: June 1
7. Pets: Maverick and Murphy
8. Height: 5' 5"
9. Eye color: blue/green
10. Hair Color :sandy brown/blonde with highlights
11. Piercing: ears, bellybutton
12. Tattoos:  none
13. How much do you love your job (scale 1 to 100) : 60 new job still
learning the ropes! and the market sucks right now so internet adveritising
sales is extremely hard, no sales= no commission!
14. Birthplace: Hayward, California
15. Hometown:  Pleasanton, CA
16. Current Residence: same
17. Been in love before? yep! not enough more
18. how many wicked evil people have you dated?  One, just got rid of him
19. Been toilet-papering (rolling)? Yes
20. Been toilet-papered (rolled)?   yes
21. Loved somebody so much it made you cry? oh yeah!
22. Been in a car crash?  Never, hope it stays that way!
23. 2 doors or 4 (on a car): 4
24. Sprite or 7-Up: Sprite
26. Blanket or Stuffed Animal: Blankie
27. Dumper or Dumpee: Both
28. Color of socks: White
29. Lucky Number: 12
30. Why?: have played sports with it since I was 6 and still playing with it
today!
31. Favorite Movie: Dirty Dancing
32. Favorite Holiday:   Christmas / my birthday
33. Favorite Foods: pizza, beer and mexican food
34. Favorite actor/actress: don't really have one
35. TV Show: All reality shows: Real World/Road rules, Survivor, Temptation
Island
36. Toothpaste: Crest green gel
37. Shampoo: Herbal Essence
38. Perfume/Cologne?: Beautiful
38. Flower: Red roses with daisies
39. Least Favorite Subject In school: history
40. Alcoholic Drink: BEER
41. Sport to Watch:  college basketball(Go Arizona Cats!!  Sweet Sixteen
tomorrow)
42. Zoo Exhibit: dolphins: amazing animals
43. Sesame Street Character: Cookie Monster
44. When was your last hospital visit?  college, drunk ankle injury, ended
up in 4 weeks of physical therapy for it!
45. Broken Bones?: none. lots of stitches and sprains, delocated knee three
from soccer
46. Favorite drink: Diet Coke and beer
47. What color is your bedroom's carpet: Beige
48. How many times did you fail your Permit and/or
Drivers License Test?: never, but barely passed
49. What do you think of Ouija boards? Not for me!
50. Where do you see yourself in 10 yrs? a success women in sales or
marketing, with a great husband and family
51. Who is the last person that you got mail from
before this one? Stephaine Salkow
52. Have you ever been convicted of a crime? Nope, never been caught
53. Which single store would you choose to max your
credit card?: Express/Nordstroms
54. What do you do most often when you are bored?
talk to friends, work out, shop
55. What words or phrases do you overuse?:  Dude, hella
56. Name the person, that you are friends with, that
lives the farthest: Hillary and Eric
57. What is your favorite color? forest green
58. Living situation? at home with mom and dad, free rent!
59. Most annoying thing is: two faced people
60. Who will respond to this fastest? Grover
61. Least likely to respond: I think you will all apply cuz you are such
good friends!
62. What time is it now? 9:44pm
__________________________________________________
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


These are the points we used for June and July 2001 to deliver gas on the Bridgeline FT contract.

June 2001 delivery points.

Net_Quantity
15105	BRLH/CGLF (CGT YOUNGVILLE)
5035	BRLH/CGLF (CGT YOUNGVILLE)
572	BRLH/CGLF (CGT YOUNGVILLE)
11740	BRLH/ESTC - BARTON
337467	BRLH/ESTC - BARTON
264077	BRLH/ESTC - BARTON
1225454	BRLH/FGT (COW ISLAND)
69930	BRLH/FGT (COW ISLAND)
528099	BRLH/FGT (COW ISLAND)
32514	BRLH/KOCH-CRAB LAKE/DEEP LAKE
223490	BRLH/SABINE-TEXACO PLT (BYPAS)
488359	BRLH/SABINE-TEXACO PLT (BYPAS)
23035	BRLH/SNAT(WHITECASTLE) DONALDS
52163	BRLH/SNAT(WHITECASTLE) DONALDS
2100	BRLH/TETCO (TALLY HO)
20000	BRLH/TETCO (TALLY HO)
27000	BRLH/TRCO (ST. JAMES)
30000	LGP/LGS - PARADIS

July 2001 delivery points
Net_Quantity	Destination_PL_Pt_Name
91679	TETC/BRLH (TALLY HO)
31000	LGP/LGS - PARADIS
24258	BRLH/TRCO (ST. JAMES)
66000	BRLH/TRCO (ST. JAMES)
18407	BRLH/SNAT(WHITECASTLE) DONALDS
277074	BRLH/SABINE-TEXACO PLT (BYPAS)
1742620	BRLH/FGT (COW ISLAND)
344556	BRLH/ESTC - BARTON

 -----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Thursday, June 06, 2002 1:40 PM
To:	Concannon, Ruth; Germany, Chris
Subject:	FW: Bridgeline Formal Response from Yesterday

Please get with me to discuss before 5:00 PM today.

 -----Original Message-----
From: 	Schneider, Chip
Sent:	Thursday, June 06, 2002 10:47 AM
To:	McMichael Jr., Ed; Concannon, Ruth
Subject:	FW: Bridgeline Formal Response from Yesterday

FYI.  This is the formal response we received from Bridgeline yesterday.  In the event Bridgeline does not agree to purchase the gas, what delivery point on Bridgeline is best for us to use under FT if we were to bleed out the inventory over 30 days and what price could we get?

We appreciate your support on this.

Thanks.

Chip

 -----Original Message-----
From: 	Schneider, Chip
Sent:	Thursday, June 06, 2002 8:59 AM
To:	McConnell, Mike; Sharp, Greg; Bartlett, Jeff; Gray, Barbara N.; Ellenberg, Mark; 'jayne.south@weil.com'; 'stephen.youngman@weil.com'
Cc:	Coffey Jr., Jim
Subject:	Bridgeline Formal Response from Yesterday

Attached is a letter from Randy Curry faxed to me yesterday afternoon outlining the initial proposal made by Bridgeline in our meeting yesterday.  Bridgeline is not formally offering to purchase the gas, however, in a subsequent voice mail from Randy, such a purchase is not out of the question.

Additionally, ChevTex has formally requested through Jayne that the accounting information be provided for their review.  I agree with Mark Ellenberg's view that we should not provide this until we have agreement on the commercial deal.  Jayne/Stephen, I would like to hear from you on this.

We need to huddle today to discuss our response to Randy's letter and keep the momentum alive.  Given the LIP meetings this morning, can I suggest 3:00 this morning in ECN2829?

Before then, I may be calling around to get people's views on a response.

Thanks,

Chip


----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 11:31 AM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	02/15/2001 11:12 AM

		 To: "Mark Evans" <mevans@bracepatt.com>, <gfergus@brobeck.com>,
<rreilley@coral-energy.com>, <acomnes@enron.com>, <dfulton@enron.com>,
<jdasovic@enron.com>, <jhartso@enron.com>, <jsteffe@enron.com>,
<mary.hain@enron.com>, <smara@enron.com>, <snovose@enron.com>,
<hao@quinnemanuel.com>, <gackerman@wptf.org>
		 cc:
		 Subject: Fwd: LA Times - Creditors Chafe at State's Pace on Power Crisis

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Thu, 15 Feb
2001 09:12:01 -0600 -----
To:	"Paul Fox" <pfox@bracepatt.com>
cc:	"Andrea Settanni" <asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"Deanna King" <dking@bracepatt.com>, "David Parr" <dparr@bracepatt.com>,
"Jeffrey Watkiss" <dwatkiss@bracepatt.com>, "Gene Godley"
<ggodley@bracepatt.com>, "Justin Long" <jlong@bracepatt.com>, "Kimberly
Curry" <kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Ronald
Carroll" <rcarroll@bracepatt.com>
Subject:	LA Times - Creditors Chafe at State's Pace on Power Crisis
Creditors Chafe at State's Pace on Power Crisis

By NANCY RIVERA BROOKS, DAN MORAIN, Times Staff Writers

     The California energy crisis is hurtling along two tracks--one the slow
lane of legislative politics, the other the hyper-speed autobahn of high
finance.

     As Stage 3 electricity alerts and billion-dollar debts mount, some
travelers on those intersecting byways are strapping themselves in for what
they see as a looming pileup, perhaps at the doors of the U.S. Bankruptcy
Court.

     Wall Street is becoming increasingly irritated with the deliberative
pace of the California Legislature and Gov. Gray Davis and his months of
unfulfilled vows of a remedy.

     Those owed money by Southern California Edison and Pacific Gas &
Electric said Wednesday that they cannot not wait forever to be paid.

     "The pace of progress is not sufficient," said Joe Bob Perkins,
president of Reliant Energy, a major power supplier in the state. "Our
accounts receivable from the past aren't being taken care of and the bleeding
is growing."

     In Sacramento, no immediate first aid is on the way.
     Davis, who says he will announce his latest plan to solve the utilities'
financial meltdown on Friday, left little doubt on Wednesday that he intends
to press for a state takeover of the massive electricity transmission system,
despite its huge value to the utilities. But key legislators predict that, no
matter what the governor proposes, they are at least two weeks away from
passing legislation to improve the situation.

     Bob Foster, the Edison official who oversees governmental affairs, said
the question of bankruptcy is "a day-to-day thing. There are signs that
creditors are getting increasingly nervous, increasingly impatient."

     "We were told last week that there will be a proposal from the
administration, and we're still waiting," Foster said.

     Senate President Pro Tem John Burton (D-San Francisco) said that if
Davis and lawmakers cannot resolve the matter within the next two weeks, "we
aren't going to be able to solve it, and it will be in other people's hands."

     Edison and PG&E have said they do not want to file for bankruptcy
protection and will do so only if forced by their creditors. A prelude to
bankruptcy, the formation of creditors committees, already has begun. Each
utility can be forced into bankruptcy by as few as three creditors owed as
little as $10,775 in unsecured debts, bankruptcy experts say.

     "We respectfully believe that the state has less time than they might
otherwise think," Gary Dunton, president and chief executive officer of MBIA
Inc., a firm that insures $1.3 billion of the utilities' debt.

     "If someone called me an hour from now [to announce a bankruptcy
filing]," Dunton added, "I wouldn't be surprised. We have been very clear
that we are frustrated with the timing, and apparent lack of urgency.

     "If you have 100 people cooking a stew, it may never be edible."
     Not everyone, however, believes that the prolonged legislative process
will make much difference in the long run, despite the howls from creditors'
and utilities.

     "I don't sense that there is a sense of urgency," said Assemblyman
George Runner Jr. (R-Lancaster). Runner, like other legislators, pointed to
repeated deadlines that have come and gone without a bankruptcy, and said:
"Crying wolf can go so far."

     Some legislators blame Davis for the delays.

     "The Legislature will pass enabling legislation. But people are waiting
to hear from [the governor's] corner office," said Assembly Republican leader
Bill Campbell of Villa Park, who has not conferred with Davis for a week. "We
think it is serious. But it is a frustrating situation."

     Some lawmakers in Sacramento believe that not all the legislative gears
are in sync, thus complicating progress. They say Davis has positioned
himself politically so that the Legislature will carry the brunt of the blame
when potential rate increases come into effect.

     "The governor is out there saying no more rate increases and that he's
on the side of consumers, while we have to do the dirty work," fumed an
Assembly Democrat, who requested anonymity out of fear that his comments
would only inflame an already tense relationship between the executive and
the Legislature.

     That irritation grew among Assembly Democrats when a poll they recently
commissioned showed the Legislature's approval rating had dropped 25 points,
while Davis' rating remained relatively high. The poll, conducted in late
January by the Sacramento firm Moore Methods, showed Davis with a 45%
approval rating, compared with only 25% for the Legislature.

     Meanwhile, the cost to the state treasury of buying power is rocketing
toward $2 billion, as the Department of Water Resources buys electricity
because utilities are no longer able to borrow money.

     "Giving [away] $2 billion that could have gone to build schools,
housing, highways and help lower taxes for consumers . . . is a moral
outrage," said Harvey Rosenfield of the Foundation for Taxpayer and Consumer
Rights.

     In the meantime, the electricity bills--and defaults by the two
utilities--continue to swell with no end in sight.

     California's power plant owners, already frustrated by the hundreds of
millions of dollars they haven't been paid by the state's two biggest
utilities, fear that the debt is growing by millions of dollars a day--even
after the state ponied up taxpayers money to buy electricity for the
utilities. That's because power purchasers for the state are refusing to pay
for all of the electricity that grid operators order on a last-minute basis
to prevent blackouts.

     Growing anxious over the slow pace of progress in Sacramento, generators
are looking for help from the courts and from state and federal regulators.
They won a victory Wednesday when federal regulators ruled that power
suppliers cannot be forced to bear the risk that they won't get paid when
grid operators order them to supply emergency power.

     Davis said Wednesday that the ongoing snags in buying power are being
worked out. The lingering problem of the utilities' estimated $12.7 billion
in electricity debts, Davis said, can be fixed by the state's purchase of the
transmission grid. The money paid to the utilities for the grid--which would
have to be negotiated--plus lease payments the state would make to the
utilities to continue operating the 32,000 miles of high-voltage wires, would
infuse the companies with enough cash to restructure their debt.

     "We're talking about a financial transaction that has value to both
sides," Davis said. "It has become increasingly clear to me that we cannot
accomplish that without purchasing the transmission lines."

     Although Davis voiced his support of taking over the utilities'
moneymaking transmission system, he has not conferred with companies'
executives for a week. In fact, they learned of it from press accounts.

     "It's all just a giant game of chicken," a top utility executive said,
asking that he not be identified. "But I'm worried that the administration is
going to overplay its hand and leave us with no options."

* * *
     Times staff writers James F. Peltz, Nicholas Riccardi, Stuart
Silverstein, Rone Tempest, Nancy Vogel and Jenifer Warren contributed to this
story.


Dear Power Outage Database Customer,

Attached you will find an excel document. The outage contained within is
a
rescheduled outage. Your daily delivery will still contain this
outage.

In addition to the excel document, there is a dbf file that is formatted
like your
daily delivery you receive nightly. This will enable you to
load the data into your regular database. Any questions please let me
know. Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL
INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR
ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION,
DISTRIBUTION, OR
COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY
PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.

 - OUTAGE.dbf
 - 121801R.xls


---------------------- Forwarded by Sally Beck/HOU/ECT on 04/20/2001 10:10 AM
---------------------------

Teresa J Wood
04/20/2001 07:58 AM
To: Enron London - European Trading Support, Fernley Dyson/LON/ECT@ECT,
Richard Sage/LON/ECT@ECT, Steve Whitaker/LON/ECT@ECT, Naomi
Connell/LON/ECT@ECT, Melissa Allen/LON/ECT@ECT, Patti Thompson/HOU/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Nicole Scott/LON/ECT@ECT
cc:
Subject: Mike's got a new daughter!

BABY ALERT!

Mike and Gill Jordan have a new baby daughter called Emma who was born at
about 11am today.
She weighs 7 pounds 8 oz and they are all well and happy.

Well done to Gill - and Mike of course for your part in the proceedings - and
congratulations to the Jordan family!

Teresa
PS if I have missed anyone, please pass on the good news!


Please call Celeste and elect 9/29/00 from 3:00-5:00 and mark on my calendar.

Thank You
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/05/2000
09:16 AM ---------------------------

Celeste Roberts
08/29/2000 06:21 PM
To: Celeste Roberts/HOU/ECT@ECT
cc:  (bcc: Hunter S Shively/HOU/ECT)
Subject:

URGENT

The Associate and Analyst Recruiting Department will be conducting a number
of two hour workshops to review our recruiting and interview process for the
fall on-campus recruiting effort.  Critical information regarding our
on-campus interview process, revised evaluation forms and program structure
will be reviewed during these two hours sessions.

It is mandatory that all team members attend these workshops.  All team
members must attend in order to articulate and demonstrate the Enron
recruiting process.  Knowing how busy schedules are, we have made
arrangements to present these workshops in two hours sessions for a total of
40 workshops that will run during the last week of August, through the month
of September and end at mid October.

Listed below are the dates, location and times for each session.  Please
select a date and time and e-mail this information to my assistant, Dolores
Muzzy.  We can accommodate 25 participants at a time.  Dolores will take
dates and times on a first come, first serve basis.  We have scheduled enough
sessions to accommodate every member of both the Associate and Analyst
recruiting teams.

In order to participate in the recruiting process, you must attend one of
these sessions.  We will be tracking participation.  CPE credits will also be
given for attending this workshop.


Make a Reservation   Visit Arizona    Visit Arizona   America West is offering free stop-overs in Phoenix through January 15, 2002. While in Phoenix, take a side trip on America West Express anywhere in Arizona for just $50 roundtrip. Spend up to five days in Arizona where you can shop, hike, play golf or relax at a luxury resort. View the complete terms and conditions.    Service Resumes to Reagan Nat'l Airport Non-stop service from Phoenix and Columbus, OH to Washington, DC (Reagan National) resumes 10/14/01.    Fare Sales    Nationwide Fare Sale Take advantage of fares starting at $68 roundtrip between select America West cities nationwide.  View Details  Mexico Beach Sale America West announces savings to/from select beach destinations in Mexico. View Details  Americawest.com Specials Take advantage of fares starting at $60 roundtrip between select America West cities. This week's special highlights many great fares to/from Phoenix. 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Fares  Departure City Destination City Cars Hotels $139  Austin, TX Phoenix, AZ NA from $59 $169  Austin, TX Sacramento, CA NA NA $179  Chicago, IL (O'Hare) Phoenix, AZ NA from $59 $89  Columbus, OH Newark, NJ NA from $159 $169  Dallas/Fort Worth, TX Phoenix, AZ NA from $59 $79  El Paso, Tx Phoenix, AZ NA from $59 $99  El Paso, TX Ontario, CA 10% NA $69  Las Vegas, NV Ontario, CA 10% NA $79  Las Vegas, NV San Jose, CA NA from $199 $69  Los Angeles, CA Phoenix, AZ NA from $59 $239  New York, NY (JFK) San Francisco, CA 10% from $99 $89  Newark, NJ Columbus, OH 10% from $65 $99  Oakland, CA Phoenix, AZ NA from $59 $99  Ontario, CA El Paso, TX NA NA $69  Ontario, CA Las Vegas, NV NA from $49 $139  Phoenix, AZ Austin, TX 10% from $65 $179  Phoenix, AZ Chicago, IL (O'Hare) 10% from $99 $169  Phoenix, AZ Dallas/Fort Worth, TX 10% from $59 $79  Phoenix, AZ El Paso, TX NA NA $69  Phoenix, AZ Los Angeles, CA 10% from $49 $99  Phoenix, AZ Oakland, CA 10% from $99 $139  Phoenix, AZ San Antonio, TX 10% NA $159  Phoenix, AZ  St. Louis, MO 10% NA $149  Portland, OR Tucson, AZ NA NA $169  Sacramento, CA Austin, TX 10% from $65 $159  St. Louis, MO Phoenix, AZ NA from $59 $139  San Antonio, TX Phoenix, AZ NA from $59 $239  San Francisco, CA New York, NY (JFK) NA from $99 $79  San Jose, CA Las Vegas, NV NA from $49 $149  Tucson, AZ Portland, OR 10% from $69  For travel departing Saturday, 10/27/01 and returning Monday, 10/29/01 or Tuesday, 10/30/01. To purchase a Weekend Surf'n Go special fare or make a reservation for Thrifty Car Rental or Hilton/Doubletree/Embassy Suites weekend specials, go to http://www.americawest.com/specials/sp_emailfares-e.asp  Surf'n Go Terms and Conditions: Purchase Ticket By:  Friday, 10/26/01, 9:00pm PDT Travel Outbound:  Saturday, 10/27/01  Travel Return:  Monday, 10/29/01 or Tuesday, 10/30/01 Travel On:  Flights operated by America West and America West Express Purchased Through:  americawest.com Ticket Refundability:  Non- refundable Itinerary Changes: Subject to fare availability, $100 change fee, and difference in fare if applicable Minimum Stay:  2 nights  Black Out Dates:  None Routing:  Roundtrip only, Routing restrictions may apply Other Discounts:  Not combinable with any other discount Seat Inventory:  Limited -  subject to availability Federal Excise Tax:  $2.75 per flight segment. A flight segment is defined as a take off and landing Passenger Facility Charges:  Up to $20 per person, depending on itinerary   Car Terms and Conditions Hotel Terms and Conditions  America West Vacations Terms and Conditions: Rates quoted are per person, based on double occupancy, and may not apply to groups or during holiday/convention dates as specified by individual hotels.  Terms & Conditions apply. Prices and offers are capacity controlled and subject to change; availability is limited. ? 2000 The Leisure Company.  CST 2043556- 20       You have received this message because you subscribed to the Surf'n Go messaging service at americawest.com.  To unsubscribe to this weekly mailing, please visit http://www.americawest.com/specials/sp_subscribe.asp.


Please read

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/26/2001
02:14 PM ---------------------------

Stacey Vallejo
02/26/2001 12:37 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON, Luchas Johnson/NA/Enron@Enron
cc:
Subject: Aquila Canada Corp. deals in your books

I just came across a counterparty that needs to be flipped to the
FT-US/CAND-ERMS book for all deals in Houston books.  ECC has now signed a
Master Swap Agreement with Aquila Canada Corp., and all deals traded with ENA
and Aquila Canada Corp. need to be settled with ECC in the P& book.  These
deals are showing up in TAGG as settling with ENA, could you all please keep
an eye out for deals with this company and flip them right away.

Please let me know if you have any questions on this.

Thanks
Stacey


Here is the buyout spreadsheet again with a slight tweak in the format.  The
summary  presents the numbers as only $1400 in concessions.


Out of Office.


http://www.consultrci.com

*********************************************************************
Read SCIENTECH's free SourceBook Weekly article: "Bright Lights - A
Conversation
With Kevin Jordan, President of Excel Energy Technologies, Ltd.," at:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
*********************************************************************

===============================================================
SCIENTECH IssueAlert, November 14, 2000
SmartEnergy Rounds Up $15 million in Financing; Is an IPO in the Works?
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

SmartEnergy announced that it had completed its Series A round of financing,
having received funding from an investor group including strategic utilities,
venture capital and global banks. SmartEnergy, a privately held Internet-based
energy service provider active in New York, plans to use the funding as
working capital to "rapidly ramp up to meet an aggressive deployment
schedule."

ANALYSIS: You may recall that I discussed SmartEnergy about a month ago
(IssueAlert, Oct. 11), when I drew attention to the fact that the online
start-up was taking customers away from ConEdison. In existence only since
April 1999, SmartEnergy offers electricity and natural gas to residential
and small business customers. Under a promotion currently under way in
New York, SmartEnergy has guaranteed savings of up to 40 percent on energy
through the winter months for natural-gas customers in the boroughs of
New York City and Westchester County. Capitalizing on ongoing threats about
low supplies of oil and natural gas, SmartEnergy is using the so-called
"energy crisis" to lure customers away from the traditional utility by
locking in current natural-gas rates over the course of the next 12 months
under its "Smart Fixed Rate" plan. As a policy, SmartEnergy hedges the
products that its sell to customers, so that neither the company nor its
customers is exposed to energy market price risks. In addition, SmartEnergy
has offered 500 United Airlines Mileage Plus Reward Miles as an enticement
to secure customers.

As I discussed last month, an advantage that online energy providers such
as SmartEnergy have over traditional utilities is their agility. As utilities
try to disengage themselves from regulatory-bound rate structures, online
companies have the freedom and flexibility to offer attractive products
and billing options to customers. In addition, operating online allows
SmartEnergy to easily operate in geographically disparate markets. Up until
now, SmartEnergy's marketing efforts have been concentrated in New York
state. However, the company claims that it will be serving six states,
including New Jersey and Pennsylvania, by the end of this year. SmartEnergy
expects to be serving all 25 deregulated states by the end of 2001, and
the financing that it has received from investors undoubtedly will support
this anticipated growth.

Venture capitalists apparently agree that a company like SmartEnergy offers
a unique business model that could potentially lead to financial returns
as the energy industry continues to become deregulated. Investors that
are bankrolling SmartEnergy include Alliant Energy, WPS Resources Corporation,
Avian Securities and several other unidentified private investors. In
addition,
there is a European contingent that is part of the Series A round, including
Dexia Ventures, the private equity arm of Dexia Bank, a USD $211 billion
asset bank based in Belgium; KBC Bank; and venture capitalist groups Trust
Capital, Proseed Capital Holdings and Technoledge Ventures. The inclusion
of both American and European investors is important. Coupled with
SmartEnergy's
intention to operate in all 25 U.S. states that are deregulating, the fact
that the company also has European investors suggests that SmartEnergy
plans to be an energy provider on both sides of the Atlantic. The fact
that SmartEnergy operates completely online lends itself to a platform
of worldwide service. In fact, Alliant Energy identified "the strong growth
of the Internet and technology in the energy segment" as a key reason why
it is financially supporting the growth of SmartEnergy.

In fact, the alliance between SmartEnergy and Madison, Wis.-based Alliant
has been in existence for several months. The utility's non-regulated
subsidiary
Alliant Energy Resources formed a strategic partnership with SmartEnergy
to expand a decidedly e-focused business. The partnership with SmartEnergy
represents Alliant's new drive to forge strategic alliances with companies
offering state-of-the-art technology and new products and services for
customers. In fact, Alliant has referred to SmartEnergy as "the energy
company of today and tomorrow" and believes that it has a platform that
can be replicated for fast growth in markets around the world.

Of course, my question is whether or not we are seeing the wheels turn
toward an imminent IPO from SmartEnergy. It would certainly be an obvious
move for the private company to head in this direction, especially now
as technology stocks are being received favorably by Wall Street. I've
written pretty extensively over the last few weeks about companies like
Evergreen Solar, Active Power and Capstone Turbine all issuing very solid
IPOs as a result of, in my opinion, their business models in new technologies
and / or alternative fuels. There is arguably a general perception within
the financial community that energy companies incorporating new technologies
into their business models will gain an increasingly strong lock on the
energy market in the next two years. With few exceptions, energy companies
exploring new technologies that have issued IPOs over the last several
months have performed comparatively well.

As commercial and industrial customers want various service options that
reduce their dependence on traditional utilities and the transmission grid,
start-up companies like SmartEnergy might find a very profitable niche.
Perhaps the greatest marketing edge that SmartEnergy has is its customer
service, again resulting from its online presence. Customer interaction
can be conducted via the telephone or over the Internet, enabling 24/7
account access and the ability for customers to check their accounts at
any time.

The downside, of course, is customer reluctance to sign up with a start-up
company that they may not know. In addition, SmartEnergy faces tough
competition
from other online energy providers that also are gaining momentum in
deregulated
markets, including Utility.com and Essential.com. None of these companies
has yet gone public, and are instead focusing on building critical mass
and establishing their brand identities. Yet, of the three, SmartEnergy
may be the most aggressive in terms of expansion, and could be on the fast
track to an IPO in the near term.
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I have no contacts to buy from.  Mountaineer production is normally sold on
term deals.

Chris Germany@ECT
03/13/2000 09:36 AM
To: John M Singer/Corp/Enron@ENRON
cc: Scott Goodell/Corp/Enron@ENRON, bperron@columbiaenergy.com

Subject: CES needs for March

CES needs 17dts/day of Mountaineer gas for the rest of March.  The request
was made by Kim Novesak??

I will be out this afternoon.  Please call Brian Perrone (703-561-6486) or
Scott Goodell at 713-853-7711.

Thanks


We're done.  I should have signed docs tomorrow.  Sara

	Caroline Abramo@ENRON
	11/09/2000 10:24 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Per Sekse/NY/ECT@ECT
		 Subject: FW: enron isda

Sara- are we done with Harvard yet?  what is the one issue we are still
dealing with?  can I help from a business line perspective?

Thanks and Regards,
Caroline
212 702 3910
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 11/09/2000
10:39 AM ---------------------------

"Hotra, Jason" <hotraj@hmc.harvard.edu> on 11/06/2000 03:07:10 PM
To: "Caroline Abramo (E-mail)" <caroline.abramo@enron.com>
cc:

Subject: FW: enron isda

hopefully this means we'll be done soon...

> -----Original Message-----
> From: Noble, Kimberly
> Sent: Monday, November 06, 2000 3:05 PM
> To: Hotra, Jason
> Subject: RE: enron isda
>
> Jason:
>
> Enron is expected to come back to me today with an answer on  the one
> final issue remaining. We are very close. Give me a call if you need to
> trade again.
>
> thanks
>
> Kim
>
> -----Original Message-----
> From: Hotra, Jason
> Sent: Monday, November 06, 2000 2:07 PM
> To: Noble, Kimberly
> Subject: enron isda
>
> Kim,
>
> Has the ISDA been executed yet?  I dont' remember the last update....
>
> Thanks,
>
> Jason


Hello,  I am a coworker of Jeff Richters and i entered the pool last week.
Please add my pick of Kansas City to the list for the week.  Thank you.


Please be aware.

Subject:	Western Area Power Administration

Please note that the below-listed WAPA offices, which have previously been known under several names in our global counterparty database, will now be known as the names in red.

WAPA-Colorado River Storage Project Manangement Center (CRSP)  (This office is in Salt Lake City and was formerly known as Salt Lake City Area or Upper Colorado)

WAPA-Desert Southwest Region (This office is in Phoenix and was formerly know as Phoenix Area, or Lower Colorado)

WAPA-Rocky Mountain Region  (This office is in Loveland, Colorado and was formerly known as Loveland Area, Loveland-Fort Collins Area, and Lower Missouri)

WAPA-Upper Great Plains Region (This office is in Billings, MT, and was formerly known as Billings Area, Upper Missouri, and Pick-Sloan Missouri)


Hi!

              I know your probably mad at me but I took vacation on Friday
and could not get my husband interested in coming downtown ( I know your
thinking yeah right)!  Scott said it was fun!  Just because I didn't make
your party does not mean you are out of sight  -  out of mind!  I wish you
much happiness and a very bright future.  Take care and come to see us often
(we are still waiting).

Andy


Chris, you can count me in however, with my wierd work hours I am sure there
will be games that i wont be able to make.  But  count me in and let me know
when you need the money.


my original response.
PL

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Monday, November 05, 2001 10:56 AM
To:	'"Carlos Giron" <Carlos.Giron@psiusa.com>@ENRON'; Giron, Darron C.; enron.com#c#lee#c#fascetti@psiusa.com; enron.com#c#scott#c#crowell@psiusa.com
Subject:	RE: Memories.......

That is fucking hilarious.  It would be even funnier if it had been you that got kicked out instead of me...I have already talked to the bartender and he understands that in the future, we pour our drinks in the bathroom, not right in front of stadium personnel...Also, next year - he is sitting with you!
PL

 -----Original Message-----
From: 	"Carlos Giron" <Carlos.Giron@psiusa.com>@ENRON
Sent:	Monday, November 05, 2001 10:45 AM
To:	Giron, Darron C.; Love, Phillip M.; enron.com#c#lee#c#fascetti@psiusa.com; enron.com#c#scott#c#crowell@psiusa.com
Subject:	Memories.......

Guys,
I had an incredibly fun time...just wish we could have made that phenomenal Bears game!!  Though ya'll might get a kick out of these photos.  The FYI attachment is for the bartender, the fucking fucks is for everyone's appreciation.  Enjoy and stay in touch!

Carlos D. Giron
Environmental Professional

Professional Service Industries, Inc.
121 Brookhollow Esplande
New Orleans, LA 70123
Email:carlos.giron@psiusa.com
Phone: 504.734.9335
Fax: 504.733.8161
Cell: 504.452.3130

 - FYI.jpg << File: FYI.jpg >>
 - Fucking Fucks.jpg << File: Fucking Fucks.jpg >>


Jacy called me the other day and said you guys met... He is a really good guy.. they have three young kids...

For right now, the best thing that we can do is try to find a nasdaq related fund and possibly by half of that and the balance in some sort of term bond fund. I have not set you the documents back as of yet.

BT

-----Original Message-----
From: rob_mcdill_at_love-&-persson@ricemail.ricefinancial.com
[mailto:rob_mcdill_at_love-&-persson@ricemail.ricefinancial.com]
Sent: Thursday, September 27, 2001 4:13 PM
To: Tycholiz, Barry
Subject: Met your bud!

     Hey Barry, how's things going down there. Must be a bit crazy for you
     Americans about now. By the way, I met your bud Jaycee at a meeting a
     couple of weeks ago. Seems like a nice guy. I never had a chance to
     visit with him much, we didn't stick around after the meeting. Maybe
     next time.
     Was just following up on that stuff I sent. You may have some concerns
     about now on the suggested funds. Email me if you do.

     Rob


Joel,

I didn't work on the deal, so I'll have to check around the Legal Dept.

Kay

From: Joel Ephross on 11/08/2000 08:21 PM
To: Kay Mann/Corp/Enron@Enron
cc: tim.proffitt@enron.com

Subject: Re: Enovate

Hi Kay.
I undestand that Tim Proffitt is now working on this on the business side.
Since I understand that Peoples is a utility, I wanted to understand the
PUHCA analysis on the Enovate entity. Who handled this -- was it Phil Kinkaid
at V&E?

	Kay Mann
	11/06/2000 12:02 PM

		 To: Joel Ephross/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Enovate

Joel,

Mary Lynn Ruffner has been involved, but to my knowledge has not reviewed the
documents.  Matt Gockerman handles most of the tax stuff for enovate.

As for the structure, the commercial focus is on keeping things as simple as
possible.

If Sarah doesn't have a copy of the LLC agreement, I can get you one.

Lou Stoler was involved in the formation of enovate, although I coordinate
most of their legal issues now.

I've seem a preliminary DASH, but I don't know where it sits now.

Hope this helps.

Kay

From: Joel Ephross on 11/06/2000 11:22 AM
To: Kay Mann/Corp/Enron@Enron, Sarah Wesner/Corp/Enron@Enron
cc:

Subject: Enovate

i faxed comments on the CA and note to Heather at Bracewell earlier today.
Would like to see copies of the LLC Agreement and the propsed guaranty.

Who from tax and accounting is reviewing this deal?

Is there a reason for member guaranties rather than equity funding agreements
or note purchase agreements or any other structure?

Is a DASH/GASH prepared?

Who in legal handled the formation of the Enovate entity? [just in case I had
questions about structure, etc.]


US Supreme Court Term To Open With Heavy Business Docket
Dow Jones News Service, 09/24/01
USA: UPDATE 1-Sizing up CEO aplomb under duress a major concern.
Reuters English News Service, 09/24/01
USA: UPDATE 2-Calif. ISO, FERC, companies discuss refund issue.
Reuters English News Service, 09/24/01
NORWAY: Helsinki bourse to trade weather derivatives.
Reuters English News Service, 09/24/01
INDIA: Enron gets impatient as Indian unit's row lingers.
Reuters English News Service, 09/24/01
Northwest Power Sellers Shouldn't Pay Refunds, FERC Judge Says
Bloomberg, 09/24/01

US Supreme Court Term To Open With Heavy Business Docket
By Scott Ritter
Of DOW JONES NEWSWIRES

09/24/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- When the U.S. Supreme Court formally returns to work next Monday, the justices will face a docket chock full of disputes certain to leave a mark on America's businesses and workers.
Indeed, fully half of the 42 cases already selected for the high court's 2001-2002 term are business-related - "the largest number in at least nine years," notes Washington appellate attorney Roy T. Englert. Several deal with employment issues, while others will decide key questions in the high-stakes effort to deregulate the nations' electricity and telecommunications industries.
The docket also finds the court returning to the landmark 1995 Adarand decision involving minority preferences in government contracting. Other closely-watched cases involve the scope of federal patent-law protections, and statutes in many states that allow for independent review of treatment decisions made by health maintenance organizations.
Additional appeals - culled from the thousands of cases that crossed the justices' desks this summer - are expected to be added to the docket this week.
Return Of The ADA

A pair of cases will test anew the reach of the Americans With Disabilities Act, the 1990 statute that has prompted several significant Supreme Court interpretations in the last couple of years.
In Toyota vs. Williams, 00-1089, the justices will decide whether workers who can't perform some of their duties because of a limited impairment are "disabled" under the statute. Business groups like the National Association of Manufacturers worry that a lower court ruling in the case will force employers to accommodate workers who aren't really disabled.
The case involves former Toyota Motor Corp. (TM) employee Ella Williams, who was diagnosed with carpal tunnel syndrome and tendinitis while working as an engine builder at the company's Georgetown, Ky., plant in the early 1990s. She claims her ailment amounts to a disability, and says the company should accommodate her by giving her different duties.
A federal appeals court in Cincinnati, deeming Williams "disabled" under the statute, said her lawsuit could proceed.
In a second ADA case, the justices will use an appeal from US Airways Group Inc. (U) to clarify whether companies are required to accommodate disabled workers by moving them into jobs reserved for more senior employees. The Arlington, Va., carrier says moving customer service representative Robert Barnett to a less-demanding mailroom job would upset its seniority system. Barnett injured his back in 1990 while handling cargo at the San Francisco International Airport.
A federal appeals court in San Francisco ordered Barnett's case to trial, ruling that US Airways' seniority system - which wasn't based on a collective bargaining agreement - didn't bar his transfer to the mailroom. The case is US Airways vs. Barnett, 00-1250.
A Patent Bar 'In Disarray'

The justices will also wade into a pair of disputes over patent law, including one that's left the "patent bar completely in disarray," says Seth P. Waxman, a former solicitor general in the Clinton administration.
At issue in that case, Festo vs. Shoketsu Kinzoku, 00-1543, is a principle of the U.S. patent system, known as the "doctrine of equivalents," which says imitators cannot avoid patent infringement by simply making minor changes to a patented invention.
The U.S. Court of Appeals for the Federal Circuit settled the dispute by crafting new rules that make it tougher in many cases for inventors to invoke the doctrine's protections. Festo Corp., a unit of Germany's Festo AG, alleges that Japan's SMC Corp. copied - with minor modifications - its patented design for magnetic rodless cylinders.
Festo filed its suit in 1988, and won a series of judgments until last year, when the Federal Circuit ruled 8-4 that SMC hadn't infringed Festo's patents. "It's not too much say that the decision ... has dealt the patent system a crippling blow," says Robert H. Bork, a former federal judge who is representing Festo.
In J.E.M. Ag Supply vs. Pioneer, 99-1996, the justices will decide whether seeds and plants grown from seeds can be patented.
The U.S. Patent and Trademark Office has issued utility patents on crops grown from seeds since 1985, and their validity was largely untested before 1998, when DuPont Co.'s (DD) Pioneer Hi-Bred International Inc. unit sued a Belmond, Iowa, farm-supply company for selling Pioneer-brand seed corn without its permission.
The supplier, Farm Advantage Inc., argues that Congress never intended utility patents to be awarded for plant varieties. Companies like DuPont have spent big money to modify seeds genetically and want to shield new varieties from copycats. The Federal Circuit agreed with Pioneer. The justices will hear arguments Oct. 3.
Deregulation Battles

Several appeals will force the high court to resolve some key disputes over efforts by federal regulators to open the nation's local telephone markets to competition. The Federal Communications Commission, long-distance carriers and local phone companies all found reason to disagree with a ruling last year from a federal appeals court in St. Louis.
The nation's high court has already waded into the murky waters of telecommunications deregulation, ruling that Congress in 1996 gave the FCC the authority to formulate the prices local carriers charge would-be rivals for access to their networks.
The appeals now before the justices arose from the same litigation, but this time focus on the FCC rules themselves rather than the agency's statutory authority. "This court's intervention is needed again," the government says. "This time the stakes are, if anything, even higher." The lead case is Verizon vs. FCC, 00-511. Arguments are set for Oct. 10.
The justices will also decide whether the FCC can set rates some cable television systems and wireless phone companies pay to string wires or hang antennas on electric poles. A federal appeals court in Atlanta nixed some of the FCC's rate-setting powers.
Power companies say the FCC overstepped its authority when it set "pole attachment" rates for cable companies that provide high speed Internet access over their lines. They also say Congress never intended for the agency to regulate rates charged to wireless providers who want to use their poles.
The cases, National Cable Television Association vs. Gulf Power, 00-832 and FCC vs. Gulf Power, 00-843, will be argued Oct. 2.
The justices will turn their attention the following day to the $215 billion electricity industry when it hears challenges to landmark federal rules requiring utilities to open their high-voltage power lines to competitors.
Several state regulators say the Federal Energy Regulatory Commission overreached when it issued Order 888 in 1996. Under the rules, utilities must provide access to their transmission lines to anyone buying or selling electricity in the interstate market. The rules were backed by a federal appeals court here last year.
The high court will also consider a separate appeal from Enron Corp.'s (ENE) power marketing unit, which argues that FERC didn't go far enough in exerting its jurisdiction over retail electricity sales. The cases are New York vs. FERC, 00-568 and Enron vs. FERC, 00-809.
'Like Ships Passing In The Night'

The upcoming term also finds the justices stepping into the contentious debate over patients' rights. In Rush Prudential HMO vs. Moran, 00-1021, the court will consider an Illinois law that allows independent review of HMO treatment decisions. Thirty-seven states and the District of Columbia have enacted similar measures.
Debra C. Moran sued her HMO to recover $94,841 she paid for surgery to correct a shoulder ailment. The HMO had recommended a less complicated and less costly surgical procedure and declined to pay even after an independent reviewing physician said Moran should receive the more expensive treatment.
A federal appeals court in Chicago, considering an appeal by a unit of Wellpoint Health Networks Inc. (WLP), upheld the statute. A similar statute in Texas, however, was rejected by a U.S. appeals court in New Orleans, which said it was trumped by the federal Employee Retirement Income Security Act, which governs employee benefit plans.
The high court will also take another look at a retooled program that helps minority-owned and disadvantaged businesses land highway construction jobs. The appeal, Adarand vs. Mineta, 00-730, comes from a Colorado company that first challenged the Transportation Department program more than a decade ago after losing a bid to build guardrails on a federal road project.
In a landmark 1995 decision, the Supreme Court cast doubt on the program when it ruled that affirmative-action initiatives must be "narrowly tailored to remedy specific past discrimination." Congress and the Transportation Department have since taken several steps in hopes of making the road program fit within the high court's guidelines. With those changes in place, the program passed constitutional muster, a federal appeals court in Denver ruled last year.
"Amazingly, this case is a mess," says Waxman, the former solicitor general, who says there's a significant chance the justices may simply dismiss the case. The two sides are "like ships passing in the night," he says, with little or no agreement on even the basic facts of the dispute.
Supreme Court Web site: http://supremecourtus.gov
-By Scott Ritter, Dow Jones Newswires; 202-862-6687; scott.ritter@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: UPDATE 1-Sizing up CEO aplomb under duress a major concern.

09/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

(Adds more on why Skilling left Enron in paragraph 7, rewrites paragraphs 6, 20)
By Jamie LaReau
NEW YORK, Sept 24 (Reuters) - When Thomas Neff took over executive recruitment firm Spencer Stuart, little did he know he would soon be widowed and a single parent while running a rapidly growing worldwide company.
Neff, now chairman of Spencer Stuart, was an effective CEO from 1979 to 1987, though a personal tragedy and his company's rapid expansion made his job especially stressful.
"My wife died in 1985 and I had three young boys," Neff told Reuters. "It was stressful in that we quadrupled our revenues and doubled the number of offices in the world, so the travel load increased, so that just adds to stress."
Company boards are taking a long look at how executives cope with stress, and not just the anxiety of running a Fortune 500 company, as unforeseen events such as the loss of human life after the attacks on the World Trade Center can have enormous repercussions on a company.
Companies are looking for people like Neff who can handle a hectic schedule and enormous responsibility with grace and success, and will not unexpectedly leave the company.
On Aug. 14, CEO Jeff Skilling of energy company Enron Corp. resigned after only six months on the job, leading shares to plunge on his shock departure. Skilling had enduring months of weakness in Enron's stock price and several high-profile stumbles, which left questions if his departure had less to do with personal reasons, as he stated, and more to do with unyielding stress.
Skilling declined several requests for an interview, though he told The Wall Street Journal in August pressure he felt from a plummeting stock price and the deaths of three workers in an English power plant accident reminded him "how tenuous life is."
SPOTTING SIGNS OF STRESS:
Neff now helps Spencer Stuart and other companies decide who would make a good chief executive and who is just not cut out for the task. He calls it "one of the most important decisions the board makes" and therefore, the board should lead the process of succession and not the outgoing chief executive.
The board must also learn to watch for signs of anxiety, such as when Skilling called a fund manager an "asshole" during an analyst conference call in April, said Dr. Paul Baard, associate professor of communications and management at Fordham University's Graduate School of Business,
He said the incident was a clear indication Skilling was "cracking" under the pressure.
"If your life is tied up in your position and you're hypervigilant in your environment and you get a short seller who says this guy isn't capable of taking the company's stock price higher, that's a major threat," Baard said.
Many industry experts said boards should offer overstressed corporate officers an "executive coach" for some counseling when they see signs of stress and they should keep in mind that the smartest person in the company might not make the best boss.
"Most of the challenge of business to me is the people side," said Mark Nevins, vice president of Human Resources and professional development as executive search firm Korn/Ferry International .
"At the end of the day, running a business is partly about understanding cash flow, inventory costs, balance sheets ... those are tough to learn, but you can do it. People, however, have their own motivations, they're perverse and they don't want to be managed. Part of the challenge is to deal with that and motivate them."
Nevins said a board should look outside the company when conducting a search for chief executive so that there's a benchmark of candidate comparison.
THE INTERVIEW PROCESS
Boards should also seek the guidance of either psychologists or executive consultants on how to effectively interview candidates, said Baard, who has written about workplace issues on leadership for several academic journals.
The board needs to ask the right questions and to know what the answers really tell about a person's work ethic and personality, he said.
As chairman of Spencer Stuart and a board member for other companies, Neff has been a part of developing a careful selection process to find the right CEO, including a close look at how candidates handled tough times at other companies.
Neff suggested asking these questions:
- Do you have the stomach to make tough decisions that need to be made and might involve people you've known for years, such as job cuts?
- How does your family feel about you being a CEO and the added pressures and travel that the job would present?
"It's amazing at how often those questions are not being asked," Neff said.
Asking a candidate to tell the board about himself or herself, and knowing what the answers reveal is important, Baard said.
For example, if the person talks only about their career accomplishments and no other dimension of their life, there might be some concern that the person is not balanced, Baard said.
He said asking questions about how the executive has handled past conflict will show if they take responsibility and own their errors or if they are an "avoider" of conflict.
A good question is, "What does becoming a chief executive mean to you?" If the answer involves a lot of self-focus with little emphasis on team work and a desire to help others, than that person might not make a good chief executive, Baard said.
Another important question is to ask which constituency would give the candidate the most trouble. This makes the candidate consider who they are reporting to and can reveal if that person would be upfront with or hide from certain people, he said.
"Ask, 'What did you really screw up?'" Baard said. "That question will shock them, but you're looking for ownership. You're waiting for the 'but' and if you don't hear it, that's good."

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: UPDATE 2-Calif. ISO, FERC, companies discuss refund issue.
By Chris Baltimore

09/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

WASHINGTON, Sept 24 (Reuters) - U.S. regulators met with California state energy officials on Monday as part of ongoing mediation efforts to determine potential refunds in the western power market, a spokeswoman for the Federal Energy Regulatory Commission said.
Separately, a House of Representatives panel signaled a possible probe into alleged price manipulation by two government-controlled California bodies that buy power for the state, according to a memo obtained by Reuters.
FERC will facilitate meetings on Monday and possibly Tuesday with the California Independent System Operator, the California Department of Water Resources - the state's main power buyer - seven private energy firms and the state's investor-owned utilities.
FERC is concerned that "reliability is being compromised" on the California power grid, Andrea Wolfman, a lawyer in FERC's enforcement office, wrote in a letter dated Sept. 17 obtained by Reuters.
"We have become concerned that the scheduling and dispatch procedures of the California ISO ... are not well understood or are not well suited to the current market structure," she said. The ISO manages the state's power grid.
FERC MULLS CALIFORNIA REFUNDS
FERC intervened in western power markets in July after months of soaring electricity prices caused blackouts and forced PG&E Corp.'s Pacific Gas & Electric utility into bankruptcy.
A FERC judge is currently considering whether energy firms owe the state refunds for overcharges in western power markets. California officials say they are owed nearly $9 billion in refunds, while energy firms say the claims are unjustified.
The closed-door meeting was to include staff from FERC's market tariffs and rates unit and its newly formed market enforcement division, as well as Richard Miles, FERC's director of dispute resolution services.
Also invited were energy firms Reliant Energy , Williams Cos. , Duke Energy Corp. , Calpine Inc., Enron Corp. , Mirant Americas Inc. and Dynegy Inc. , and utilities Pacific Gas and Electric Co., San Diego Gas and Electric, and Southern California Edison .
HOUSE COMMITTEE EYES ACTION
A separate congressional probe into the buying practices of the California ISO and the water department may be forthcoming in the Republican-led House Committee on Government Reform, according to a confidential internal committee memo.
Evidence gathered from private energy firms suggests "that complaints of market manipulation ... should be investigated," the memo said.
The memo cited long-term power contracts signed by California Democratic Gov. Gray Davis and state energy officials when electricity prices soared from the normal $30 per megawatt hour range to over $1,000 per megawatt hour in May. Cool weather and sagging demand pushed spot market prices down to about $50 per megawatt hour last month.
One megawatt is enough to power about 1,000 residential houses.
"The information that they have provided all leads to a theory that the California ISO is manipulating the market ... to purchase surplus (California Department of Water Resources') power at high prices and protect Governor Davis from embarrassment," said the memo, dated Sept. 20.
The California Department of Water Resources became the main power purchaser for the state's 34 million residents in January after soaring wholesale prices drained the state's two biggest utilities of their cash and credit.
Last week, California utility regulators dismantled another provision of the state's failed 1996 law to deregulate its electric industry by immediately suspending consumers' right to choose their power provider. The disastrous deregulation law also had capped retail electricity rates, which blocked investor-owned utilities from passing sharply higher wholesale costs on to customers.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

NORWAY: Helsinki bourse to trade weather derivatives.
By Bunny Nooryani

09/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

OSLO, Sept 24 (Reuters) - Finland's Helsinki stock market said on Monday it planned to start trading in weather derivatives this autumn, becoming the first bourse in Europe to trade the contracts.
"This is a way for firms to hedge their risk of bad weather and its effects on net sales," Jyrki Kivineimi, derivatives advisor at the Helsinki bourse told Reuters.
Weather derivatives contracts, which originated in the United States, allow companies to hedge against the financial impact on their operations of changes in the weather.
He said the bourse planned to offer the market derivatives contracts based on an average temperature index and with a duration of one month.
Kivineimi declined to give a precise date for the launch of weather derivatives.
London's LIFFE derivatives exchange launched three European weather indices in July and also has plans to start weather derivatives trading, possibly in the fourth quarter this year.
Kivineimi said groups whose sales could be affected by changes in weather - such as travel companies, transport, consumer goods and energy firms - had shown particular interest in the offer.
"Many companies are interested in these products and there has already been a lot of trading in the (over-the-counter) OTC market," Kivineimi said.
"But the most potential customers are energy firms."
Energy companies use weather derivatives to protect themselves against the impact of temperature fluctuations in electricity and gas prices.
OTC weather derivatives trading has expanded over the last year with deals reported in France and Germany.
The liberalisation of Europe's energy markets over the last couple of years has sparked interest in weather derivatives as consumers face increasinly volatile gas and electricity prices.
Using the example of an electricity firm selling heating, Kivineimi said the firm could sign a derivatives contract specifying expected sales at a expected average temperature for a given month.
"If heating sales are lower than expected because of the weather being warmer than expected, the firm will be compensated for its loss that month," he said.
But he acknowledged the difficulty of entering contracts that are based on predicting weather conditions several months ahead, when meteorologists often fail to accurately predict weather from one day to the next.
"A weather derivative is more an insurance against bad weather than a prediction of good weather," he said.
Companies which are active in the European weather derivatives market include U.S.-owned firms Enron and Aquila, a subsidiary of Utilicorp and SocGen, the investment banking arm of French bank Societe Generale .

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: Enron gets impatient as Indian unit's row lingers.

09/24/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, Sept 24 (Reuters) - U.S. energy firm Enron Corp sees no early solution to its bitter dispute with a local utility despite an assurance from Prime Minister Atal Behari Vajpayee that New Delhi will step in to resolve the row.
The company wrote to Vajpayee more than a month ago with an offer to sell its 65-percent stake in Dabhol Power Co but the federal government has not responded, Enron India spokesman Jimmy Moghal told Reuters on Monday.
"It's been more than a month since we have communicated to government authorities and have yet to receive any response."
He said Enron Chairman Kenneth Lay had written another letter to New Delhi expressing "disappointment" at the lack of progress.
The company wrote to Vajpayee saying a long legal dispute would "raise serious questions about India's image as a safe and relialbe destination for foreign investment", Moghal said.
Earlier this month, Vajpayee said the federal government would facilitate a quick solution to Enron's dispute with the Maharashtra State Electricity Board (MSEB), which was the sole buyer of Dabhol's power.
But Enron is not optimistic.
"Contrary to recent impressions created...regarding a quick resolution of the Dabhol project, little progress has so far been made with, in fact, no proximity to reaching a fair and reasonable solution," it said in the statement.
The Times of India said Kenneth Lay wrote in his letter to Vajpayee that foreign investors would doubt the sanctity of contracts signed in India.
"Any other foreign investor or lender is going to ask himself why his contract is any more likely to be honoured than ours has been," it quoted Lay as saying.
Moghal declined comment on the newspaper report.
Enron says India may face $5 billion in liabilities for violating contractual obligations.
In May, Enron issued a preliminary notice to MSEB to terminate the contract. That move put in place a six-month deadline for the two to work out differences or the contract would be terminated.
The six-month period expires on November 19 after which Enron would decide on issuing a final termination notice.
"Consideration will be taken after November 19 whether or not we will move towards final termination, which would then lead to arbitration," Moghal said.
The first phase of the $2.9-billion project, with a generating capacity of 740 MW has been idle since May when MSEB stopped buying power. The second phase, which will add 1,444 MW of capacity, is 97-percent complete.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Northwest Power Sellers Shouldn't Pay Refunds, FERC Judge Says
2001-09-24 16:45 (New York)

Northwest Power Sellers Shouldn't Pay Refunds, FERC Judge Says

     Washington, Sept. 24 (Bloomberg) -- Enron Corp., Sempra
Energy, El Paso Corp. and other companies that sell power in the
Pacific Northwest shouldn't have to return profits they made
earlier this year when electricity prices soared, an
administrative law judge said.

     A power shortage in California sent prices soaring among all
states on the western power grid last year and much of this year.
Prices surged fourfold on average in California.

      Buyers in the Northwest are seeking $2 billion in refunds,
saying the prices paid clearly did not meet the Federal Energy
Regulatory Commission's standard of ``just and reasonable.''

     ``The prices were not unreasonable or unjust, and refunds
should not be ordered in this proceeding, '' said Federal Energy
Regulatory Commission Judge Carmen Cintron, in a report to the
commission.

     The commission will make its own ruling in the case, and the
judge's finding is not binding unless followed by the
commissioners.  The Washington-state cities of Seattle and Tacoma
are among those seeking refunds for sales from Dec. 25 to June 20.

     FERC ordered Cintron to gather evidence about these
allegations during a Sept. 4-6 hearing and to recommend whether it
should consider ordering refunds. The commission hasn't said when
it plans to decide, though it has a regularly scheduled meeting
set for Wednesday.


----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 09:06 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/16/2001 02:17 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: www.turnonthetruth.com

The IEP web-site is now on-line at www.turnonthetruth.com .-;please use it
as a resource.  Please note that all references to a retail rate freeze have
been removed.

Thanks,
Jean

----
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)


(See attached file: hpl0715.xls)

 - hpl0715.xls


Date:	6/20/01  7:41 AM

RE:	Fwd: Fw: Warning - alcohol

 Alcohol warnings....
 >
 > Due to increasing products liability litigation, American beer Brewers
 > have accepted the FDA's suggestion that the following warning labels be
 > placed immediately on all beer containers:
 >
 > WARNING: The consumption of alcohol may leave you wondering what the
 > hell happened to your bra. (Apparently this has happened to several
 > people?!)
 >
 > WARNING: The consumption of alcohol may make you think you are
 > whispering when you are not.
 >
 > WARNING: The consumption of alcohol is a major factor in dancing like a
 > retard.
 >
 > WARNING: The consumption of alcohol may cause you to tell your friends
 > over and over again that you love them.
 >
 > WARNING: The consumption of alcohol may cause you to think you can sing.
 >
 > WARNING: The consumption of alcohol may lead you to believe that
 > ex-lovers are really dying for you to telephone them at four in the
 > morning.
 >
 > WARNING: The consumption of alcohol may make you think you can logically
 > converse with other members of the opposite sex without spitting.
 >
 > WARNING: The consumption of alcohol may make you think you have mystical
 > Kung Fu powers, resulting in you getting your butt kicked.
 >
 > WARNING: The consumption of alcohol may cause you to roll over in the
 > morning and see something really scary (whose species and/or name you
 > can't remember).
 >
 > WARNING: The consumption of alcohol is the leading cause of inexplicable
 > rug burns on the forehead.
 >
 > WARNING: The consumption of alcohol may create the illusion that you
 > are tougher, smarter, faster and better looking than most people.
 >
 > WARNING: The consumption of alcohol may lead you to believe you are
 > invisible.
 >
 > WARNING: The consumption of alcohol may lead you to think people are
 > laughing WITH you.
 >
 > WARNING: The consumption of alcohol may cause a disturbance in the
 > time-space continuum, whereby small (and sometimes large) gaps of time
 > may seem to literally disappear.
  >>


Please note that I will be out of the office for the remainder of the day
attending an offsite meeting.  If you should require any assistance, please
contact my assistant Esmeralda Gonzalez at Ext. 5-7621.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/23/2000 04:58
PM ---------------------------

Chris Germany
12/29/99 11:58 AM
To: Jerry W Germany <germanj@basf-corp.com>
cc:
Subject: Re: Pop's update

I agree, you stay home.  He didn't have any info on the test.
He was ready to go.,

Jerry W Germany <germanj@basf-corp.com> on 12/29/99 11:47:57 AM
To: Chris Germany <"Chris Germany
<cgerman%ect.enron.com,wdgermanyjr"@notes.basf-corp.com>
cc:  (bcc: Chris Germany/HOU/ECT)
Subject: Re: Pop's update

MMM, sounds like Pops and a good ideal.   Guess you got out of taking him out
to
eat again.   What did you say to him and did they tell him anything on the
bone
scan.

I'm running a temp today and threw up a bunch last night.   If I don't shake
this stuff before tomorrow, I'm not coming for the Dr. meeting.   I really do
not want to give this crap to DAD.  Would not be a good way to start
treatment.

Chris Germany <cgerman@ect.enron.com> on 12/29/99 11:24:44 AM
To:   wdgermanyjr, Jerry W Germany
cc:
Subject:  Pop's update

Pop's just called me.  He's done with his testing and he's going nuts staying
in
the Hotel.  He is going home now, and will drive back tomorrow for the test
results.


Attached please find the DASH outlining the new terms and conditions and the
extra language suggested by Donahue and Dietrich.

I have arranged the "unity of knowledge" conference call for tomorrow
(Wednesday) at 4:30.

Mark -- Can we use your office or should I reserve a conference room?

Regards,

Heather


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FYI>>>We were also monitoring the EOL to Sitara bridge during this time to inform our traders and other desks of the situation and status...All deals bridged over by 10:30ish. THANKS

 -----Original Message-----
From: 	Truong, Dat
Sent:	Thursday, October 25, 2001 11:11 AM
To:	Moorer, Torrey; Lamadrid, Victor; Severson, Russ; Grant, George
Cc:	Husain, Karima; Lim, Francis S.; Saluja, Gurdip; Sweitzer, Tara
Subject:	Sitara EOL Bridge Problem Today

The problem we faced today was due to 2 eol deal packets (2098073, 2099764) not having startdate and enddate.  Missing these 2 tibco message fields caused the bridge to bounce and resulted in the queue to build up while the bridge is starting up. (The bridge takes 2 minute for startup).  Each time these deals are sent/resent, it continuously cause the Sitarar EOLBridge to restart, thus magnifying the buildup of the queue.

The corrective action we are taking at our end is to build a rejection logic when eol packets do not have start and/or enddate.

-Dat Truong


-----Original Message-----
From: 	Love, Phillip M.
Sent:	Thursday, December 06, 2001 3:23 PM
To:	Keiser, Kam; Winfree, O'Neal D.; Palmer, B. Scott; Valdes, John; Gossett, Jeffrey C.; McLaughlin Jr., Errol
Subject:	FW: Bankruptcy Party at PLove's tonight

With a little more notice, hopefully we will not cancel the gig.  The party is back on for Saturday Dec. 15th - party start time is now 4 p.m.  Please pass on to your groups again.
PL

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Friday, November 30, 2001 2:54 PM
To:	Keiser, Kam; Palmer, B. Scott; Winfree, O'Neal D.; Valdes, John; McLaughlin Jr., Errol; Gossett, Jeffrey C.
Subject:	Bankruptcy Party at PLove's tonight

Send to your group's please.

If you feel like drowning your sorrows at the end of the world in some free keg beer, sodas and hard liquor - come down to Clear Lake and celebrate the fact that today may be the last paycheck you receive from Enron.  Playstation, pool, and darts(with pictures of great Enron leaders) will be available for your enjoyment.  You can also try chase the 3 year old with the dirty diaper.  Party starts about 7 ish.  We will order Pizza or something like that if you haven't eaten.  Directions:
I - 45 South to exit 29 - CLC Blvd.
Turn left under the freeway - heading east
You will travel roughly four miles (through 3 lights and two stop signs) turn left on Noble Pine(across from Children's World)
When that street dead end's take a right on Towering Oak
Take first left onto Cherry Oak
That dead end's at Sterling Wood Way - take a left.
Third house of the right 4435 Sterling Wood Way
281-486-7026

Hope to see everyone there.
PL


Mtg with Derek Denniston at AES re: the project and tolling interest


Sounds good - I think you have a great opportunity in this market - I would
suggest staffing aggressively in order to take the first mover advantage.  I
note the associate needs.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/12/2000
02:17 PM ---------------------------

Rob Milnthorp
05/12/2000 12:37 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Status Report, CRP & DIVERSIFIED INDUSTRIALS

Dave, I missed one point regarding the Toronto trader. Lavorato and Belden
have identified an associate and he's interested in coming to Toronto. He is
in Toronto today meeting with DeVries. As a sidebar, our new office space in
Toronto is extremely impressive (cost was Cdn $500K) and is a great selling
feature. Hopefully this puts the trading associate "over the top".

Regards,
Milnthorp
---------------------- Forwarded by Rob Milnthorp/CAL/ECT on 05/12/2000 11:30
AM ---------------------------

Rob Milnthorp
05/12/2000 08:27 AM
To: David W Delainey/HOU/ECT@ECT
cc: Paul Devries/TOR/ECT@ECT, Dawn Doucet/CAL/ECT@ECT
Subject: Re: Status Report, CRP & DIVERSIFIED INDUSTRIALS

Dave, thanks for the note. Regarding an update for Toronto, we made an offer
to a senior industrial marketer yesterday  (Jeff Borg - 10 years experience)
while I was in Toronto. I believe that he will accept. In addition, Paul is
interviewing for one more deal maker (targeting John Guerro at Duke - an
industrial gas marketer) and a manager for ENERconnect   (has interviewed a
couple - meeting with Doug Jones from TD Bank next week).

Scott Gilbert who is running our volume management is out recruiting for
backoffice staff (needs 5 specialists). No success here as of yet.

Mark Haedicke, Peter Keohane and myself are working on transferring Chris
Gaffney (Canadian Lawyer) to work in Toronto. Chris is interested and both
Mark and myself think it would be a good fit/career move.

Dawn, Paul and myself are devising a more aggressive recruiting strategy for
Toronto for both Paul's and Scott's groups as our presence in Toronto is
limited. This may include full page ads in the Globe, use of head hunters
and/or Super Saturdays. With 2 million people in Toronto, we should be having
more success in recruiting high quality individuals.

It is my understanding that 94 new analysts are starting this August in
Houston. I need a minimum of 5 (2 for Toronto, 3 for Calgary). I have asked
Dawn to make this happen, but if there is any way that you can exercise your
influence to assist in making this happen, that would be much appreciated.

Regards
Milnthorp


Enclosed is the ISO's Response to the Presiding Judge's November 15 Order Lifiting Protective Order.
 <<ISO Response to Nov 15 Order.DOC>>
Michael Kunselman
Swidler Berlin Shereff Friedman, LLP
3000 K Street, NW, Suite 300
Washington, DC 20001
(202) 295-8465
The preceding E-mail message contains information that is confidential, may be protected by the attorney/client or other applicable privileges, and may constitute non-public information.  It is intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient of this message, please notify the sender at (202) 295-8465.  Unauthorized use, dissemination, distribution, or reproduction of this message is strictly prohibited and may be unlawful.

 - ISO Response to Nov 15 Order.DOC


yes i think deal 549010 should be Prebon instead of Amerex.

Thanks!!

   Kate Symes @ ECT                03/13/2001 04:39 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

Jeff Richter
549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be
Prebon?)

Chris Mallory - just entered Williams deal

Evelyn Metoyer@ENRON
03/13/2001 02:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

Sean Crandall
deal 549048
Prebon shows del. point as NP-15

Diana Scholtes
deal 549053
Prebon shows price as $141 and delivery pt as Mid-C

Jeff Richter
deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG
All deals checked out fine.


Andy:
I just spoke to a guy named Neil Hanover.  He is a fund trader for a company
in London.  He asked the head EOL marketer to give him a call about setting
him up on the system.  Can you help?
his number is 011 44 207 397 0840

john


I'm unclear as to what Will found in these deals that needs to be looked at.
The first one (scary!!) has notes in the comments section of each leg that
say it was terminated on 9/30/98; however, there are still forward deal legs
that haven't been killed or zeroed out. I don't think I could consider myself
a deal control professional on this one - I'll need to talk to a trader. But
let me know what you want me to look for in the remaining deals. Is this part
of the time zone glitch?

Kate

Cara Semperger
03/26/2001 10:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: More deals found by Will Smith

Do you want to look into these, the first one made me nearly wet my pants!  I
think I want a deal control professional on this one.............   :)


From CNN Web Site concerning Florida Secretary of  State Deadline.

In a morning news conference, Bob Crawford -- a Democratic member of the
Florida state canvassing commission, which is charged with certifying the
statewide vote count -- said there was no getting around the statute cited by
Harris.
"It is clear to me that the statute takes away any of my discretion as a
member of that commission to extend the deadline," Crawford said.

Mark Lay
Enron Investment Partners
333 Clay St., suite 3800
Houston, TX 77002
p 713-853-7408
f 713-345-7670


Teco Tap       20.000 / Enron ; 100.000 / IFERC

LS HPL LSK IC       30.000 / Enron


Bennett Kaufman forwarded these e-mails to ENA Legal on 11/3/99.  In order to
open the brokerage account, we need (1) authorizing resolutions, (2)
"authorized trader list" and (3) executed brokerage agreement.

PLEASE SEE THE ATTACHED MEMO FOR INSTRUCTIONS.

We cannot find EIGHL on the Corporate Workbook and are therefore unable to
proceed further.  We await your immediate response.

---------------------- Forwarded by Marie Heard/HOU/ECT on 11/04/99 04:00 PM
---------------------------

Bennett Kaufman
11/03/99 09:13 AM
To: Marie Heard/HOU/ECT@ECT
cc:
Subject: Re: GAIL GDR

---------------------- Forwarded by Bennett Kaufman/HOU/ECT on 11/03/99 09:13
AM ---------------------------

Mary Perkins
10/27/99 10:12 AM
To: Bennett Kaufman/HOU/ECT@ECT
cc: Rahul Basu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lauren
Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Kinneman/HOU/ECT@ECT
Subject: Re: GAIL GDR

Bennett,
At the bottom of the message is the name and address for the entity that will
be used to buy the GAIL shares we discussed.   Please let us know if there is
any other info you need to set up the settlement and custody accounts we will
need.
You can contact me or Lauren Hagerty in legal.
Thanks
---------------------- Forwarded by Mary Perkins/HOU/ECT on 10/27/99 10:10 AM
---------------------------

Rahul Basu@ENRON_DEVELOPMENT
10/27/99 03:45 AM
To: Lauren Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Perkins@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: GAIL GDR

Thanks Lauren, this was really quick.

Mary, it would be useful if you could fill out the Jardine form and send it
to us.

We want to send the filled up form and the Officer Certifiacte from Wade only
when we give in our bid to Jardine.

Rahul

Lauren Hagerty
10/27/99 01:02 PM
To: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rahul
Basu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Perkins@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: GAIL GDR

The Cayman Islands entity to own the GDR has been set up.  It's name is Enron
India GDR Holding Ltd.  It is owned by Enron Oil & Gas India Ltd.  You may
use 333 Clay Street, 19th Floor, Houston, Texas as a general business
address.  There is no need to send things to the Cayman Islands.


eat w/o me 2-night.  I do not expect to get to Houston until about 930 pm.
If you want we can still get a drink at Lizard's pub.

CKL


FYI.  Not sure if you had seen this.  Hogan makes many of the arguments about
the BB&W study that you made.

His other interesting conclusion is that operating reserve policies that
obligate ISOs to pay up to infinity may be nonsensical.  Not sure if Enron
wants to take a position on this thought.

Jim

----- Forwarded by James D Steffes/NA/Enron on 12/11/2000 09:45 AM -----

	Lynnette Barnes
	12/08/2000 03:27 PM

		 To: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Hogan-California Market Power


Understood but, as is usual on matters such as these, the "right" number is a product of collective judgment.  The Tax Department was influenced in increasing the reserve by a desire to be conservative with respect to this particular tax risk on this particular transaction at this time.  After speaking with Wes, Wes and I concluded that it would be more appropriate to reserve at the prior 50 percent risk level understanding that the entire amount could (in worse case circumstances) be recognized at some point in the future.  I, in turn, will have the Tax Department monitor the Illinois state tax front (the location of greatest risk) and be prepared to aggresively defend our position if challenged.  Steve.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, May 02, 2001 3:42 PM
To:	Douglas, Stephen H.
Subject:	RE: FW: Tax reserve on Allegheny Peakers

I'm not sure that's the right answer - I just want the right number - If its $11 let's leave it at $11 but next time let's get it right at the start.

From:	Stephen H Douglas/ENRON@enronXgate on 05/02/2001 03:32 PM
To:	Louise Kitchen/HOU/ECT@ECT
cc:

Subject:	RE: FW: Tax reserve on Allegheny Peakers

Understood.  Further, after just speaking with Wes, the tax reserve will be adjusted to the previous amount reflecting the initial risk assessment position.  Steve.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, May 02, 2001 3:10 PM
To:	Douglas, Stephen H.
Cc:	Colwell, Wes; Gockerman, Matthew F.; Miller, Don
Subject:	RE: FW: Tax reserve on Allegheny Peakers

We are anything but comfortable with changes to reserves particularly at this late stage.   The assessment probabilty was increased by Matthew and this was untimely - its as simple as that he needed to do it last fall.

Its not the number, its the timing.

From:	Stephen H Douglas/ENRON@enronXgate on 05/02/2001 02:07 PM
To:	Louise Kitchen/HOU/ECT@ECT, Wes Colwell/ENRON@enronXgate
cc:	Matthew F Gockerman/ENRON@enronXgate

Subject:	RE: FW: Tax reserve on Allegheny Peakers

I just spoke with Matthew and he explained that the transaction tax reserve calculation (a summary of which is attached) was prepared (and communicated to the deal group) early last fall.  The calculation indicates that the aggregate transaction tax exposure (including penalties) is $12,940,182.  The initial suggested tax reserve related to this exposure was approximately 1/2 of this amount but, after discussions with Don last week, was increased to 100 percent - thus the increase in tax reserve of approximately $6,000,000.  Thus, as evident, it is not that a calculation was incorrect but that its assessment probability was increased and thus the suggested tax reserve changed.  Matthew was influenced in increasing the applicable level of risk related to the transaction by a desire to more conservatively posture Enron after the completion of the disposition and to insure that subsequent period "surprises" did not occur - obviously, to the extent that collective management is of the belief that such a conservative posture is not appropriate then the tax reserve amount may be reduced.  Matthew spoke with Don before the change was proposed and was under the impression that all were comfortable with the change before it was made - ultimately, we will realize the reserved amount in earnings as the risk of the tax planning strategies subsides.  Matthew will be back in the office on May 8 and ready to speak with whomever desires at that time.  I am attending the Enron Law Conference beginning this afternoon, followed by the Enron Industrial Markets Offsite next Monday and Tuesday but can be reached on my cell phone at 713-817-5052.  Best regards.  Steve.
 << File: AES Transaction Tax Reserve.xls >>
 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, May 01, 2001 5:55 PM
To:	Douglas, Stephen H.
Cc:	Colwell, Wes; Don Miller/HOU/ECT@ENRON
Subject:	Re: FW: Tax reserve on Allegheny Peakers

This is a substantial difference which was not requested when the deal was done.  I am waiting for Matthew to return and explain why his opinion changed.  I am more concerned that we are making such a change having got it wrong to start with rather than the change itself.

From:	Stephen H Douglas/ENRON@enronXgate on 05/01/2001 12:07 PM
To:	Wes Colwell/ENRON@enronXgate
cc:	Louise Kitchen/HOU/ECT@ECT

Subject:	FW: Tax reserve on Allegheny Peakers

Wes, attached is the explanation for the Allegheny tax reserve.  I do not know why it was increased when it was.  It was my understanding that the reserve had been quantified by Matt Gockerman in my group and requested some time ago and that Don and the commercial leads were aware of this.  This may be coming across as an increase when in reality it is simply properly booking currently that which was previously expected (said differently, without the disposition we would have spread the tax over time and with the disposition it became necessary to accelerate it as reflected in the tax reserve).  As always, I have asked that only the absolutely necessary amount be reserved.  Please call me at ext. 30938 to further discuss this matter.  Best regards.  Steve.

 -----Original Message-----
From: 	Douglas, Stephen H.
Sent:	Monday, April 30, 2001 8:32 PM
To:	Kitchen, Louise
Subject:	RE: Tax reserve on Allegheny Peakers

The reserve referred to relates to Sales and Use tax ("Sales/Use tax") liability related to the purchase and use by the Peaker project companies of various equipment (i.e., turbines in Illinois and transformers in Tennessee and Indiana) used to construct the Peaker facilities in Illinois, Indiana and Tennessee.  Enron bears this tax obligation under the Sales Agreement pursuant to which we sold the Peakers to Allegheny (effectively, this tax liability is a "pre-acquisition date" tax liability that we, as the seller, are responsible for).  Typically, the equipment used to construct the Peakers would be assessed Sales/Use tax when purchased by the Project company that built the respective Peaker and that tax would effectively be passed on to the buyer in a sale such as that to Allegheny.  The EWS Tax Department structured the acquisition of the respective equipment to either avoid the Sales/Use tax or to spread the cost of such tax over time (for example, a sales-leaseback strategy was employed in Illinois to spread the cost of the Sales/Use tax over many years as lease payments are made rather than pay it up front).  Ultimately, we benefitted from this since we did not use as much cash in constructing the Peakers and earned more from the disposition of the Peakers than we otherwise would have since the counterparty would have (and we believe did in the specific case of Allegheny) modelled the cost of the Peakers as including the full current payment of such Sales/Use tax.  That said, we have requested that a portion of the disposition proceeds from the sale of the Peakers be reserved until the applicable statute of limitations related to the types of strategies that were employed to achieve the above described results expires since there is risk that our position could be challenged and, if challenged, there is a risk that we would not prevail.  Matt is out until May 8 (he is a recent father of a baby girl) but upon his return is available with me to discuss this matter with whomever you would like.  Matt has worked closely with Don and others in the Generation Asset group and has assured me that the suggested reserve is a sound (not overly conservative nor liberal) position.  Best regards.  Steve.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, April 30, 2001 3:18 PM
To:	Matthew F Gockerman/HOU/ECT@ENRON
Cc:	Stephen H Douglas/HOU/ECT@ENRON; Don Miller/HOU/ECT@ENRON
Subject:	Tax reserve on Allegheny Peakers

I notice that our gain has substantially decreased due to a tax reserve increase of $5m.  Why has this been added and why so recently?

Regards

Louise


---------------------- Forwarded by Scott Neal/HOU/ECT on 11/02/2000 06:43 AM
---------------------------

<butch@watsonmoving.com> on 11/01/2000 04:15:04 AM
To: <DBennyDad@aol.com>, <DBennyDad@aol.com>, <BBURGE@FLASH.NET>,
<KbutchW@aol.com>, <butch@watsonmoving.com>, <jdaghorn@aol.com>,
<digiman28@aol.com>, <Catho928@aol.com>, <Mrreemus@aol.com>,
<murphyg@mercersales.com>, <EGwydir@aol.com>, <robin99tim@yahoo.com>,
<kingb@nuevoenergy.com>, <peggy01@ev1.net>, <kay_mitchell@hotmail.com>,
<sneal@enron.com>, <aharrison@aglife.com>, <rkgbh@aol.com>
cc:
Subject: Wildcat Update

Dear Wildcats:

What a great ending to the regular season - all of your hard work really
paid
off.  We finished the regular season in a tie for second and earned a bye
in the first round of the playoffs by virture of a coin flip.

Now, the next part of our season will begin with our first playoff game in
11 days
at Grobe Field.  After that we can be on our way to the Tully Bowl
November 18.

Over the next 11 days we don't want to lose our momentum - we have to work
really hard.  Here is the schedule for the upcomming week(s):

Friday, November 3 Regular Practice 5:00-6:15.

Sunday, November 5, Team Outing - 2:30 meet at the entrance to the Bayou
at Yorkchester and Indian Creek  for a Round trip bike ride to Terry
Hershey park
we should be back to starting point in apprx. 1 hour where we will have
snacks, play frisbie, tug-o-war, and touch football at the bayou unitl
4:30.
Parents are welcome to attend.

Wednesday, November 8 Regular Practice 4:30-6:00

Friday, November 10, Regular Practice 4:45-6:15.

Saturday, November 11, Game at Grobe Field (Time to be determined)

Go Wildcats!
Coach Butcher.


---------------------- Forwarded by Don Miller/HOU/ECT on 10/28/2000 02:20 PM
---------------------------

"Daigh, John" <JDaigh@utilicorp.com> on 10/27/2000 03:22:49 PM
To: "'Don.Miller@enron.com'" <Don.Miller@enron.com>
cc:
Subject: Wheatland

Don, a couple of questions.

1) Are the warranties assignable? Any "change of control" issues?

2) Can I get a copy of the completed real estate purchase contracts and
details on pending real estate deals

Also, I have attached an "Outlook" business card for your reference.

Thanks

John

 <<John Daigh.vcf>>

 - John Daigh.vcf


Time is 30 minutes earlier than our last event. Come on down!

Before Marketing Firm Night, be sure to check out the second speaker in HTC's Haas Fall Technology Speaker Series!

What's all this buzz about data storage?
Is this really a growth industry?
Who are the players?
Then we invite you to...

"The Future of Data Storage"
Kris Hagerman, SVP Strategic Operations, Veritas Software

Date: Thursday, October 25th
Time: 5:30 to 7:00 p.m. with refreshments from 5:00 p.m.
Location: Cheit 220

If you're curious about storage, here's a link to a HaasWeek article I wrote last spring on storage. The numbers are dated, but the info is the same. Just click on Haas Happens and go to Tech Talk II.
<http://haas.berkeley.edu/~haasweek/01spring/041601/main.html>


Terri,

Do you think we're close enough to book the deals.  Rogers and I keep
forgetting that they're not in our positions everyday.

Fletch


Dan,  Attached is the form.  It references the agreement we are lending the
money under (and Events of Default thereunder) and also needs to have
exhibits prepared.  We probably also should check to see if there are any
existing Security Interest in these assets.  The ones we know that we are
subordinate to should be noted in the mortgage.  Shonnie has a contact in
Wyoming she has used before to search the county records for any existing
security interest.


Dear Vince,

Hi, I hope your having fun on you vacation!  I just want to drop you a line
since we haven't talked in a while and give you a progress update.  First, I
feeling much better.  Eventhough I was out last week, I finished the
following curves:

Canadian CPI
Phillippines FX and CPI
Mexican FX and CPI
Saudi Arabian FX and CPI
Guatemalan FX

We also helped London RAC with finding information on the UK inflation model
to backtest it.  Gwyn and Yana kept me very busy last week.  Yana, who lives
close by me was nice enough to drop off work at night.  Gywn and I worked on
the curves over the phone.

Yesterday, I got a call from Terry Thorn, he needed economic information and
a presentation to give to EGM management.  I gave him a copy of the
conforming assets presentation, he was very pleased.  This week, I'm working
on a urgent request from RAC.  The board has decided to resurrect Dragon 2,
so we are preparing all the curves for the APACHI region.  I'm also working
on the metals presentation.  See you Thursday.

Regards,

Maureen