======================================================
        VENTUREWIRE --- Tuesday, October 24, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o FusionOne Raising $100 Million in New Funding
o Vanguard Venture Partners Closes New Fund with $240 Million
o Hotmail Founders Start Web Server Performance Firm Akamba
o StockPower, Online Direct Investment Service, Shuts Down

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Also in This Issue:

     New Money:
o Insurance Revolution Raises $10 Million in Series A Funding
o AV Labs Invests $1 Million in Seed Funding in Three Startups
o Capital IQ Has Wit Soundview Funds, Part of Larger Round One
o ID Software Firm Biometric Lands $5 Million in Series A
o Net Tutoring Firm Smarthinking Closes $5 Million Series A
o Retail Investor Site WorldBroker Gets $1.2 Million Round One
o Training Firm PowerHiring.com Has $1.6 Million Seed Round
o Business Apps Developer iRise Raises First Round Funds
o Network App Firm Cramer Raises $25 Million in Round Two
o Reservation Site OpenTable.com Has $42 Million Mezzanine
o Telecommunications Firm Rapid5 Gets $53 Million Second Round
o Underwriting Tech Firm Subprime Raises $800,000 Series A
o Lab Supply Marketplace eLabsEurope Has $20 Million Round Two
o Business Software Firm High Tower Has $10 Million Round Two
o e-Commerce Tech Firm OpenNetwork Has $13 Million Round Two
o Management Systems Firm CoManage Has $36 Million Round Three
o Software Firm Primavera Systems Gets Intel Capital Backing
o Ewireless Gets $25 Million from ComVentures in Round Three
o Property Data Firm Accu-Search Raises $2.7 Million Round Two
o SmartAge.com Closes $24 Million Series D, Names President
o Vivre Raises $8 Million in Third Round, Announces New CEO
o VoIP Phone Firm Pingtel Gets $5.15 Million More in Round Two
o Web Technology Firm Roundpoint Lands $5 Million in Round Two
o Web Training Firm CyberU Gets $3 Million in Second Round
o MTI Invests $2.9 Million in U.K. Ink Tech Firm Sherwood
o Computer Horizons Gets Equity in Elections Firm Election.com

     New Products:
o TurboLinux Co-Founders Leave the Board, Found New Startup
o Lotus Pioneer Launches Interactive PC Platform Provider
o Latinanet Launches Spanish and Portuguese Video Portal
o Circle Group Internet Forms Digital Rights Firm Veridisc
o HomeJupiter.com, Resource For Homeowners, Launches
o Patient Monitoring Firm LifeShirt.com Now Called VivoMetrics
o Online Recreational Event Tool MyTournament Launches

     M&A:
o IBM Acquires Order Management Firm OpenOrders
o GetAsia.com Acquires Three Filipino Web Portals
o CAT Technology Acquires Managed Services Firm Aptia
o Dynamicsoft Acquires Software Developer RaveTel
o Engineering Service Providers Bidcom and Cephren to Merge
o Storage Firm Arsenal Digital Solutions Acquires Filefrenzy

     New Directors:
o Ironside Technologies Names Former Stanford Dean to Board
o MIT Dean of Engineering Joins Emptoris Board of Directors
o Ex-Bloomingdale Head Traub Joins Board of CommercialWare
o Internet Bank Network Clareon Names Three Board Members
o Multimedia Components Firm ISS Adds Two to Board
o Open Network ASP 2nd Century Adds Four to Board of Directors
o VeriSign Exec Joins Board of Broadcast Manager Reliacast

     New People:
o European Broadband Firm Formus Names CEO
o Bloodhound Software, Insurance Firm Protector, Names Execs
o Healthcare Speech Apps Maker KorTeam Names New CEO
o Wireless Broadband Firm Malibu Names Ex-Adaptive Exec as CEO
o e-Commerce Platform Provider Cyclone Names President, COO
o Real Estate Consulting Firm Meyers Group Names New President

     VC Fund News:
o Investment Firm STIVentures Raises $50 Million
o Debis Capital Services Launches $63 Million Fund
o GoldenEgg and E-Street Merge as Syntek Capital Group

     VW Amplification:
o Eve.com

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======= Top Stories =======

o FusionOne Raising $100 Million in New Funding

SAN JOSE, Calif. -- FusionOne, a developer of Internet
synchronization software and services, is about
to secure approximately $100 million in new financing,
sources close to the company said. Other details
of the deal were not disclosed. In April, the firm
announced that it received about $50 million in
third-round financing from Chase Capital Partners,
Flatiron Partners, Access Technology Partners, Robertson
Stephens, CSFB Private Equity, Deutsche Bank Alex
Brown Technology Group, EMC, Hewlett-Packard, Morgan
Stanley Dean Witter, and unnamed private investors.
Other backers in the company include El Dorado Ventures
and Nokia Ventures, which also participated in the
firm's third round.
http://www.fusionone.com/
_____________________________________________

o Vanguard Venture Partners Closes New Fund with $240 Million

PALO ALTO, Calif. -- Vanguard Venture Partners said
it closed its latest fund, Vanguard VII, with $240
million. The firm will use the fund to invest in
early-stage companies in the sectors of Internet
infrastructure, life sciences, and software. Investors
in the new fund include AXA, Bank of America, Bell
Canada, the City of Boston, CIT, Erie Insurance,
Johnson & Johnson, Massachusetts Transportation
Authority, Minnesota Mutual, Vulcan Ventures, and
individual investors. The firm expects to invest
between $5 million and $10 million in approximately
25 companies, with investments of between $1 million
and $10 million per round. So far the fund has invested
in SkyGo, a wireless marketing platform provider.
http://www.vanguardventures.com/
_____________________________________________

o Hotmail Founders Start Web Server Performance Firm Akamba

LOS GATOS, Calif. -- Web site developers Jack Smith,
co-founder of Hotmail, and Richard Burright, who
previously worked in the portable computer division
at Apple Computer and was Hotmail's first employee,
said they have co-founded Akamba, a company focused
on improving Web server performance. Mr. Smith will
serve as chairman and CEO, while Mr. Burright will
be company president. Akamba has plans to release
a family of products based on its MassTrans Technology,
a system architecture that increases the performance
of existing Web servers. Akamba's first product,
the Velobahn accelerator, is designed to extend
the capabilities of Web servers and was released
Monday. The company has raised $14.5 million to
date and is funded by August Capital, Mill Valley
Partners, and individual investors.
http://www.akamba.com/
_____________________________________________

o StockPower, Online Direct Investment Service, Shuts Down

SAN FRANCISCO -- StockPower, which provides direct
investment and loyalty marketing services online,
has ceased its operations. The company's Web site
states that it officially closed down on Oct. 17.
Customer accounts remain active but are no longer
accessible through the company Web site. In July
StockPower merged with OWNx.com, a developer of
relationship marketing technology which enabled
equity ownership rewards in an all-stock transaction.
StockPower was backed by investors including Mohr
Davidow Ventures, Bain & Co., Hikari Tsushin, and
Sofinnova.
http://www.stockpower.com/

======= New Money =======

o Insurance Revolution Raises $10 Million in Series A Funding

NEW YORK -- Insurance Revolution and its wholly-owned
subsidiary InsureHiTech.com, an Internet business
property and casualty insurance portal, said they
received $10 million in Series A round funding from
J.P. Morgan Corsair II Capital Partners. Insurance
Revolution said it will use the funds to expand
its InsureHiTech portal, hire additional staff,
to begin international expansion, and for marketing
and public relations.
http://www.insurehitech.com/
_____________________________________________

o AV Labs Invests $1 Million in Seed Funding in Three Startups

AUSTIN, Texas -- AV Labs, an early stage venture
fund, said it has invested about $1 million in seed
financing in three startups: Excalium, a provider
of software infrastructure for the engineering and
utilities industry; FLQ Solutions, a financial software
maker; and VideoNow, a video interaction services
firm. AV Labs  said it will also take seats on the
companies' board of directors. AV Labs has also
invested in allmystuff, Covasoft, Mediaprise, Newgistics,
and Waveset.
http://www.avlabs.com/
_____________________________________________

o Capital IQ Has Wit Soundview Funds, Part of Larger Round One

NEW YORK -- Investment banking platform Capital
IQ said publicly traded investment banker group
Wit Soundview made an undisclosed first round investment
and agreed to use Capital IQ's financial services.
VentureWire reported the company's launch last week.
The company is raising its first round of funding,
which it expects to total between $30 million and
$50 million. The company is also backed by Credit
Suisse First Boston, Fleet Boston Financial, Merrill
Lynch, Northwood Ventures, Rosetta Partners, Wilson
Sonsini Goodrich & Rosati, and Proskauer Rose. Capital
IQ provides market data, relationship management,
and transaction processing tools.
http://www.capitaliq.com/
_____________________________________________

o ID Software Firm Biometric Lands $5 Million in Series A

ROUND ROCK, Texas -- Biometric Access (BAC), a developer
of identity verification software and services,
said it secured the $5 million of a planned $10
million Series A preferred round of funding from
J. & W. Seligman, a mutual fund management company.
David Peipers, a member of BAC's board of directors,
added $525,000 to the first closing. BAC is in the
process of raising the remaining $4.5 million. The
company will use the funding for hardware and software
development and sales and marketing.  Andrew Heller,
a former IBM vice president and founder of several
Texas technology companies, has joined BAC's board
of directors.
http://www.biometricaccess.com/
_____________________________________________

o Net Tutoring Firm Smarthinking Closes $5 Million Series A

WASHINGTON -- Smarthinking, a provider of online
tutoring and academic assistance for college students,
said it closed its $5 million Series A financing
round led by Collier Investments, an investment
group focused on educational technology companies.
Other investors in the round included seed round
investor Steve Walker & Associates and Calvert Ventures.
The company will use the funding for technology
enhancement and sales and marketing. Paul Stephens
of Robertson Stephens Investment Management; Gordon
Macklin, former president of the National Association
of Securities Dealers; Frank Bonsal of New Enterprise
Associates; and Joseph Hardiman, former President
of Nasdaq and partner of Alex Brown, also participated
in the round as individual investors. Smarthinking
raised $1 million in its seed round last year.
http://www.smarthinking.com/
_____________________________________________

o Retail Investor Site WorldBroker Gets $1.2 Million Round One

NEW YORK -- WorldBroker, an online investing company
for retail investors interested in trading international
equities, said it completed its first round of funding
with $1.2 million. Investors include Austrian Internet
conglomerate red-stars.com Data; New York early-stage
investment fund ITEM Solutions; Lichtenstein's Tradef
Trade & Finance; New York public relations firm
Marston Webb International; and WorldBroker's acting
CEO Sergey Skaterschikov, former managing director
of caibon.com, Austria's first online brokerage
firm. WorldBroker's business strategy is to license
its Web site to online brokers and financial portals
that want to introduce their clients to international
investing.
http://www.worldequitybroker.com/
_____________________________________________

o Training Firm PowerHiring.com Has $1.6 Million Seed Round

TUSTIN, Calif. -- PowerHiring.com, which provides
off-line training services and an online hiring
system to businesses, said it received $1.6 million
in its seed round of financing led by FARM Capital
Services with additional participation from Peterson
Ventures and other unnamed investors. The company
said it will use the funds to develop its online
hiring system, build its infrastructure, and promote
its services.
http://www.powerhiring.com/
_____________________________________________

o Business Apps Developer iRise Raises First Round Funds

EL SEGUNDO, Calif. -- iRise, which develops customized
Java-based applications for businesses, said it
completed its first round of funding for an undisclosed
amount from individual investors, including including
Sy Kaufman, founder and managing director of venture
capital for Crosslink Capital; Glen Haney, former
chief executive officer of Dataquest and a member
of iRise's advisory board; Bob Vanourek, former
chief executive officer of Sensormatic; and Pitney
Bowes, former senior executive at Avery Dennison.
The funding will support product development and
general company growth.
http://www.irise.com/
_____________________________________________

o Network App Firm Cramer Raises $25 Million in Round Two

BATH, England -- Cramer Systems, a European provider
of network management software, said it raised $25
million in its second round of venture capital funding.
The round was lead by a $22 million investment from
Broadview Capital Partners and included a $3 million
investment from initial investor Kennet Capital.
The company provides software which enables the
optimization of network capacity and development
of Internet Protocol technologies. The company said
it will use the funding to finance its expansion
in the United States following the establishment
of a U.S. office in Washington. Steve Brook of Broadview
Capital Partners will take a seat on the company's
board of directors as a result of the financing.
http://www.cramer.co.uk/
_____________________________________________

o Reservation Site OpenTable.com Has $42 Million Mezzanine

SAN FRANCISCO -- OpenTable, which provides consumers
with an online restaurant reservation system and
restaurants with technology for managing its customers,
said it has secured $42 million in its mezzanine
funding round. Benchmark Capital, Impact Venture
Partners, Integral Capital, Epoch Partners, Comdisco
Ventures, and Upstart Capital funded the round.
The company said it also received a strategic investment
from Worldspan. The company said the funds will
go to support demand for its product and the development
of other new technologies.
http://www.opentable.com/
_____________________________________________

o Telecommunications Firm Rapid5 Gets $53 Million Second Round

SAN JOSE, Calif. -- Rapid5 Networks, which develops
software that enables the convergence of data and
voice systems, said it raised $53 million in its
second round. Investors included Meritech Capital
Partners, Menlo Venture Partners, Bank of America
Venture Partners, Sumitomo, and previous investors
Redpoint Ventures and U.S. Venture Partners. The
company will use the funds toward its product launch.
http://www.rapid5.com/
_____________________________________________

o Underwriting Tech Firm Subprime Raises $800,000 Series A

WASHINGTON -- Subprime Exchange, a provider of automated
underwriting technologies for financial services
markets, said it closed an $800,000 Series A stock
offering. The company has developed LoanRover, an
automated underwriting technology product, which
provides real-time, multi-lender loan approvals.
The first target market for LoanRover is the mortgage
industry. The company plans to offer its technology
to additional markets in the third quarter of next
year. The company is backed by individual investors
and said it expects to close on Series B funds by
the end of the fourth quarter 2000.
http://www.subprimex.com/
_____________________________________________

o Lab Supply Marketplace eLabsEurope Has $20 Million Round Two

LONDON -- eLabsEurope, which provides a business-to-business
e-commerce marketplace for the European laboratory
supplies market, said it raised $20 million in its
second round of funding. The round was led by inVentures,
a European investment and development firm. Additional
investors included Atlas Venture, SAP Ventures,
and SBS Ventures. The company said it will use the
funding to extend its business beyond France, Germany,
and the U.K., increase the product offerings available
through its site, and develop additional business
strategies. Gregory Bedrosian, CEO of inVentures,
will take a seat on the company's board of directors
as a result of the investment.
http://www.elabseurope.com/
_____________________________________________

o Business Software Firm High Tower Has $10 Million Round Two

IRVINE, Calif. -- High Tower Software, a provider
of business intelligence software for large data
applications in pharmaceutical clinical trials,
data warehouses, Internet infrastructure and e-business,
said it received more than $10 million in its second
round of financing led by Liberty Partners. Previous
investors Merrill Lynch, J.F. Shea, Inroads Capital,
Hallador Venture Partners, and new investor Kinship
Partners also participated. The company will use
the money to increase sales and marketing. High
Tower is currently launching versions of its TowerView
program for use in network performance monitoring,
e-business clickstream analysis, supply chain monitoring
applications, and pharmaceutical clinical trials.
The company is also backed by The Falcon Fund.
http://www.high-tower.com/
_____________________________________________

o e-Commerce Tech Firm OpenNetwork Has $13 Million Round Two

CLEARWATER, Fla. -- OpenNetwork Technologies, a
provider of secure e-commerce infrastructure software,
said it secured $13 million in its second round
of financing. MedEquity Investors and Chase Capital
Partners led the round and were joined by GE Capital
Commercial Finance's Healthcare Group, and SI Ventures,
a Gartner affiliate. The company said it will use
the funding to expand sales and marketing and for
product development. Robert W. Daly, managing director
of MedEquity; W. Brandon Ingersoll, principal of
MedEquity; and Dr. Adam Rin, managing director of
SI Ventures, will join OpenNetwork's board of directors.
The company raised $2 million in its first round
in March from Blue Cross Blue Shield of South Carolina.
http://www.opennetwork.com/
_____________________________________________

o Management Systems Firm CoManage Has $36 Million Round Three

PITTSBURGH -- CoManage, a supplier of service management
systems for network service providers offering packet
and cell-based telecom and data services, said it
has secured $36 million in its third round of financing
led by new investors Highland Capital Partners and
The Goldman Sachs Group. Previous Investors Adams
Capital Management, Bessemer Venture Partners, Birchmere
Investments, Columbia Capital, Lucent Venture Partners
and Patricof & Company Ventures also participated
in this round. The company said it will use the
funding to accelerate development and sales of its
Integrated Service Manager, a customer-aware service
management system for service providers delivering
broadband services such as DSL, voice over DSL,
IP, Asynchronous Transfer Mode, and virtual private
networks. Martin Mengwall of Highland will take
the sixth seat on CoManage's board of directors
and a member of Goldman Sachs will become an observer
on the board. CoManage said it has raised $57 million
to date.
http://www.comanage.net/
_____________________________________________

o Software Firm Primavera Systems Gets Intel Capital Backing

PHALADELPHIA -- Primavera systems, which provides
software for architecture, engineering, and construction
companies, said it received an undisclosed equity
investment from Intel Capital. Publicly traded Internet
business service provider i2 Technologies has also
backed the company. The latest investment brings
the combined equity held by Intel and i2 to 21.7%.
Intel, like i2 Technologies, will also assist Primavera
in developing its Internet business products and
services. Primavera develops project management,
control, and execution software for the engineering
and construction sectors.
http://www.primavera.com/
_____________________________________________

o Ewireless Gets $25 Million from ComVentures in Round Three

CHICAGO -- ComVentures, a venture capital firm that
focuses on early-stage communications and Internet
investments, said it has invested $25 million in
the third round of funding of ewireless, the developer
of #333,  a service that enables wireless phone
users to interact with radio advertisers. Tim McLean,
a general partner at ComVentures, will take a seat
on ewireless's board. Ewireless has also secured
funding from Tredegar Investments, Bedrock Capital,
and GTCR Golder Rauner Fund.
http://www.333.com/
_____________________________________________

o Property Data Firm Accu-Search Raises $2.7 Million Round Two

KEYPORT, N.J. -- Accu-Search, which provides online
property data for the real estate industry, said
it has raised $2.7 million in its second round of
funding from individual investors. The company said
it will use the funding to expand its data applications
to make it possible for Web-based realty transactions.
The company said it wiil also use the funds to execute
its business plan and for strategic investments.
DVCRF Ventures and The Penn SE Mezzanine Fund provided
the company with first round funding of $1 million
earlier this year.
http://www.accusearch.com/
_____________________________________________

o SmartAge.com Closes $24 Million Series D, Names President

SAN FRANCISCO -- SmartAge.com, which provides online
commerce and promotional services and products for
small businesses to create and promote their Web
sites, said it closed $24 million in its series
D round of financing. The round was led by Softbank
Capital Partners and Accel Partners. Investors included
Cramer Rosenthal McGlynn 1999 Enterprise Fund, El
Dorado Adventures, Ignite Group, Opportunity Capital
Partners IV, Vector Capital, and ZDNet. The additional
funds will go towards developing a new online services
for small businesses, and reinforcing the company's
engineering infrastructure. SmartAge.com's chief
operating officer Scott Garell was promoted to the
position of president and will hold a seat on the
board of directors. Mr. Garell will replace SmartAge
founder William Lohse, who will remain with the
company as chief executive officer.
http://www.smartage.com/
_____________________________________________

o Vivre Raises $8 Million in Third Round, Announces New CEO

NEW YORK -- L'Art de Vivre and Indulge.com, an online
catalogue of signature goods and retailer of style
and beauty products, said the company, created from
the merger of L'Art and Indulge in January, changed
its name to Vivre and raised $8 million in its third
round. Rolaco Services and previous investors RRE
Ventures, Charles River Ventures, and North Bridge
Venture Partners provided the funding. The company
said it will use the funds to expand its marketing
by forming strategic alliances with major hotel
chains, airlines, automobile manufacturers, media,
and financial services companies. The company also
announced L'Art founder Eva Jeanbart-Lorenzotti
as Vivre's first chief executive officer.
http://www.vivre.com/
_____________________________________________

o VoIP Phone Firm Pingtel Gets $5.15 Million More in Round Two

WOBURN, Mass. -- Pingtel, creator of Java-based,
voice-over-IP phones and management software, said
it received an additional $5.15 million for its
second round of funding, bringing the total to $17.85
million. SAIC Venture Capital  invested $4.75 million
and a private investor invested the additional funds.
The company will use the funds for product development
and marketing, sales, and support. Previous investors
in this round were St. Paul Venture Capital, Dain
Rauscher Wessels, Intel Capital, and Wind River.
http://www.pingtel.com/
_____________________________________________

o Web Technology Firm Roundpoint Lands $5 Million in Round Two

SAN FRANCISCO -- Roundpoint, a developer of technology
that enables Web developers, integrators, and consultants
to publish one Web site to multiple devices, said
it raised $5 million in its second round of financing,
led by ThinkVentures. Arthur D. Little and Brainstorm
Ventures also participated, along with individual
investors. The company said it will use the funds
for general business expansion.
http://www.roundpoint.com/
_____________________________________________

o Web Training Firm CyberU Gets $3 Million in Second Round

SANTA MONICA, Calif. -- CyberU, a provider of online
education and corporate training, said it received
$3 million from ASI Solutions as part of the company's
second round of funding. ASI will provide CyberU's
services to its clients as part of the deal. CyberU
said it will use the investment to fund operations
and expand its corporate sales team. CyberU offers
more than 17,000 online courses for professional
and personal development.
http://www.cyberu.com/
_____________________________________________

o MTI Invests $2.9 Million in U.K. Ink Tech Firm Sherwood

WATFORD HERTFORDSHIRE, U.K. -- MTI, a U.K.-based
early stage technology venture capital firm, said
it has invested $2.9 million in Nottingham, U.K.-based
Sherwood Technology, a developer and producer of
specialty, reactive ink products, based on proprietary
technology. MTI said the funding will enable Sherwood
to expand its business, increase sales and marketing,
and fund product development.
http://www.mtifirms.com/
_____________________________________________

o Computer Horizons Gets Equity in Elections Firm Election.com

GARDEN CITY, N.Y. -- Election.com, provider of public
and private election services for governments, trade
associations, labor unions, school districts, and
corporations, said Computer Horizons, an IT service
company, is taking an equity stake in the company.
Financial details of the deal were undisclosed.
Election.com has also received funding from Verisign
and individual investors.
http://www.election.com/

======= New Products =======

o TurboLinux Co-Founders Leave the Board, Found New Startup

SAN FRANCISCO -- TurboLinux, which provides Linux-based
software and services, said that Cliff Miller, the
company's chairman and co-founder, and his wife
Iris Miller, a member of the board of directors
and the other co-founder of TurboLinux, have left
the company to assume executive positions at Mountain
View Data, a company started in September. Paul
Thomas, who became the CEO of TurboLinux when Mr.
Miller resigned from that position in June, will
now also serve as chairman. Investors in TurboLinux,
which earlier this month raised $30 million in third
round funding, is backed by August Capital, Broadview
International, Compaq, Dell, Fujitsu, Hitachi, IBM,
Intel Capital, NEC, Novell, Oracle, SGI, and Softbank
E-Commerce.
http://www.turbolinux.com/
http://www.mountainviewdata.com/
_____________________________________________

o Lotus Pioneer Launches Interactive PC Platform Provider

BEVERLY, Mass. -- Groove Networks, which provides
an interactive peer-to-peer platform for networking
small groups of personal computers, said it launched.
The company was founded in October 1997 by Ray Ozzie,
the creator of Lotus Notes. Groove products combine
the technologies of peer-to-peer search and file
transfer tools, application distribution across
networks, and instant messaging. The company has
raised more than $50 million since its founding
from Accel Partners and private investors.
http://www.groovenetworks.com/
_____________________________________________

o Latinanet Launches Spanish and Portuguese Video Portal

MIAMI -- Latinanet, a company created by the owners
of thirteen Latin American television networks along
with E-nvest, an Internet holding company, and Tepuy
International, a company specializing in the distribution
of TV, satellite, cable, and home video programming,
said they will launch a Spanish and Portuguese language
video portal in the first quarter of 2001. The site
will deliver news, entertainment, and cultural programming
to Hispanics in the U.S. about their native regions
using streaming video technology. The company has
also created an advisory board. The newly appointed
board members are Andy Heyward, president and CEO
of DIC Entertainment; Tony Thomopoulos, former president
of the ABC Broadcast Group; Jack Healy, former president
of ABC/Capcities International Operations; and Bruce
Maggin, former head of ABC Multimedia. Latinanet,
which secured $3 million in its seed round from
undisclosed investors, said it has received $15
million in advertising equity as part of its first
round of financing.
http://www.latinanet.com/
_____________________________________________

o Circle Group Internet Forms Digital Rights Firm Veridisc

MUNDELEIN, Ill. -- Circle Group Internet (CGI),
an Internet investment firm, said it created a stand-alone
firm called Veridisc with an undisclosed amount
of funding. Veridisc is CGI's first independent
venture. Veridisc will provide digital rights management
technology to entertainment and software companies.
The company intends to raise an estimated $15 million
in its first round.
http://www.veridisc.com/
_____________________________________________

o HomeJupiter.com, Resource For Homeowners, Launches

GREENWICH, Conn. -- HomeJupiter.com, which provides
homeowners with information on home building, remodeling
and renovation, announced it has launched. The company
was founded by chief executive officer Kathy Jardine,
a former executive at Lehman Brothers who most recently
worked with New York -based construction firm Stephens
Constructing, and her sister-in-law, chief technology
officer Lisa Jardine, who was most recently systems
manager of futures trading at Merrill Lynch in Tokyo.
 HomeJupiter, which intends to raise an additional
$1 million in venture financing, has raised $525,000
in seed funding from Cutter Mill Partners and individual
investors. The company's board of directors include
James Bolton of Andersen Consulting; Drew Gautrau,
a former business director at Priceline; Paul Allen,
a principal at United Consulting; Dave Lapin of
Cisco Systems; and Tom Towers, senior vice president
of Infonet DataCommunications.
http://www.homejupiter.com/
_____________________________________________

o Patient Monitoring Firm LifeShirt.com Now Called VivoMetrics

LOS ANGELES -- LifeShirt.com, a continuous, ambulatory
monitoring company, said it changed its name to
VivoMetrics. The company's first product, the LifeShirt,
a monitoring system in the form of a shirt with
embedded sensors, enables physicians and clinical
researchers to closely monitor patients outside
of medical facilities during their day-to-day routines.
VivoMetrics recently completed its second round
of financing led by CSFB Private Equity. Other investors
include CyberFund and Hammer Capital Management.
http://www.vivometrics.com/
_____________________________________________

o Online Recreational Event Tool MyTournament Launches

CHICAGO -- MyTournament.com, an online tool for
organizers and participants of sports and recreational
events, announced its launch. The Web site will
provide tools aimed at helping users create, manage,
find, and participate in recreational events. The
company said its services do not require installation
and can be used by registered members. MyTournament
is funded by individual investors.
http://www.mytournament.com/

======= M&A =======

o IBM Acquires Order Management Firm OpenOrders

SOMERS, N.Y. -- IBM announced that it acquired OpenOrders,
a provider of order management and fulfillment software
for online businesses. Financial terms were not
disclosed. Jonathan Katz, chief executive officer
of OpenOrders, will be a part-time consultant, but
will not remain with the company. OpenOrders is
backed by Chicago Venture Partners.
http://www.openorders.com/
_____________________________________________

o GetAsia.com Acquires Three Filipino Web Portals

MANILA, Philippines -- GetAsia, developer of a network
of Asian lifestyle content and information sites,
said it acquired three Philippines-based city guide
Web portals: LegManila.com, its subsidiary site
ClickTheCity.com; and Localvibe.com. Each of the
three portals focus on restaurants, bars, movie
schedules, and other leisure activities in the city
of Manila. In August, the company acquired Metroage.com,
a provider of lifestyle content and e-commerce services,
for an undisclosed price. GetAsia.com raised $6.7
million in its first round of financing led by Apollo
Technology Partners. Additional capital came from
private investors.
http://www.getasia.com/
_____________________________________________

o CAT Technology Acquires Managed Services Firm Aptia

LOS GATOS, Calif. -- CAT Technology, a manager of
Internet infrastructures for businesses, announced
it acquired Aptia, a privately held consulting firm
providing network and systems management services.
Under the terms of the agreement, all of Aptia's
outstanding shares will be converted into CAT Technology
stock in a stock-for-stock transaction. Financial
details of the deal were undisclosed. David Anderson
of Sutter Hill Ventures and Don Dixon of Trident
Capital will be joining CAT's board of directors
from Aptia. John Maydonovitch, Aptia's co-founder
and president, will become a vice president of professional
services at CAT. Robert C. Seate III, Aptia's vice
president of information security and assurance
services, will also be joining CAT and retaining
the same title. Aptia's backers include Sutter Hill
Ventures, Trident Capital, and AVI Management Partners.
http://www.aptia.com/
_____________________________________________

o Dynamicsoft Acquires Software Developer RaveTel

EAST HANOVER, N.J. -- Dynamicsoft, a provider of
Internet infrastructure technology for next-generation
communications networks, said it acquired RaveTel,
a software development company. Terms of the deal
were undisclosed. RaveTel's developers have relocated
from Pittsburgh to the company's headquarters in
New Jersey. Dynamicsoft is funded by UBS Capital,
US Bancorp Piper Jaffray, Sprout Group, ComVentures,
and Vantage Point Venture Partners.
http://www.dynamicsoft.com/
_____________________________________________

o Engineering Service Providers Bidcom and Cephren to Merge

SAN FRANCISCO -- Bidcom and Cephren, two engineering
and construction service providers, said that they
agreed to merge. Financial details of the merger
were undisclosed. The new company formed from the
merger will be named Citadon. The company will combine
Bidcom's management processes with Cephren's collaborative
commerce and management applications. The private
companies were backed by investors including Internet
Capital Group, GE, Hines, Partech International,
Warburg Pincus, Goldman Sachs, and the Oracle Venture
Fund.
http://www.citadon.com/
_____________________________________________

o Storage Firm Arsenal Digital Solutions Acquires Filefrenzy

DURHAM, N.C. -- Arsenal Digital Solutions, a storage
and application service provider, said it is acquiring
filefrenzy, which provides technology for Internet
content management, in a stock-for-stock transaction.
The acquisition combines Arsenal's storage utility
with filefrenzy's advanced data management tool.
Arsenal said it will maintain filefrenzy's 35-person
office in Raleigh, N.C., as well as its own team
in Durham. Arsenal, formerly Usendit.com, is backed
by Southeast Interactive Technology, and undisclosed
institutional and individual investors participating.
Filefrenzy is backed by Mayflower Capital and individual
investors.
http://www.arsenaldigital.com/
http://www.filefrenzy.com/

======= New Directors =======

o Ironside Technologies Names Former Stanford Dean to Board

PLEASANTON, Calif. -- Ironside Technologies, a supplier
of sell-side business-to-business electronic commerce
software and services for the manufacturing and
distribution markets, said it appointed A. Michael
Spence, former dean of the Stanford Graduate School
of Business, to its board of directors. Ironside
is backed by Beamscope Canada, Euclid Partners,
GE Capital, and Working Ventures.
http://www.ironside.com/
_____________________________________________

o MIT Dean of Engineering Joins Emptoris Board of Directors

BURLINGTON, Mass. -- Emptoris, a company providing
strategic sourcing and request-for-quote products
and services for business-to-business Internet commerce,
said it named Thomas L. Magnanti, a professor and
dean of engineering at Massachusetts Institute of
Technology, to its board of directors. Backers for
Emptoris include Internet Capital Group.
http://www.emptoris.com/
_____________________________________________

o Ex-Bloomingdale Head Traub Joins Board of CommercialWare

NATICK, Mass. -- CommercialWare, which provides
retailers with commerce infrastructure technology,
said it has appointed Marvin S. Traub, the former
chairman of Bloomingdales, to its board of directors.
Mr. Traub is senior advisor to Financo and the president
of his own marketing and consulting firm, Marvin
Traub Associates. He will be the eighth member to
join the CommercialWare board that includes Lester
Gribetz, the former vice chairman of Bloomingdales,
and Gideon Sasson, enterprise president of electronic
brokerage for Charles Schwab. CommercialWare is
backed by Spencer Trask Securities.
http://www.commercialware.com/
_____________________________________________

o Internet Bank Network Clareon Names Three Board Members

PORTLAND, Maine -- Clareon, a provider of a bank-neutral
Internet payment network for business-to-business
transactions, said it added three new members to
its board of directors. W. Thomas Clark, managing
director and head of the business to business group
in the e-commerce division of Morgan Stanley & Co.;
Rowland T. Moriarty, chairman of Cubex, an international
management consulting firm; and Jake Reynolds, general
partner at Technology Crossover Ventures, have joined
Clareon's board. The company has secured a total
of $45 million in venture funding from the Mayfield
Fund, Technology Crossover Ventures, Morgan Stanley
Dean Witter, Berkshire Partners, BancBoston Ventures,
and Comdisco.
http://www.clareon.net/
_____________________________________________

o Multimedia Components Firm ISS Adds Two to Board

BELFAST, Northern Ireland -- Integrated Silicon
Systems, a supplier of application-specific virtual
components for multimedia and communications system-on-a-chip
integrated circuits, said it added two investors
to its board of directors. Pete Magowan, vice president
of sales and marketing at ARM Holdings, and Greg
Reyes Sr., director of C-Cube Microsystems and Arc
Cores International, joined the board, which includes
five other members. ISS is funded by Apax Ventures
and Enterprise Equity of Dublin.
http://www.iss-asvc.com/
_____________________________________________

o Open Network ASP 2nd Century Adds Four to Board of Directors

ARLINGTON, Va. -- 2nd Century Communications, an
open network application service provider that provides
small and medium-sized businesses with high-speed
Internet services, said it added four members to
its board of directors. New members are Mark Templeton,
president of ASP provider Citrix Systems; Charles
Skibo, chairman and chief executive officer of COLO.com,
a provider of carrier-neutral colocation facilities;
Michael Malaga, founder and chairman of North Point
Communications, a local exchange carrier and provider
of broadband services; and Gabe Battista, chairman
and CEO of Talk.com, an integrated telecommunications
provider. 2nd Century's president and CEO John Prisco;
Peter Wagner, general partner at Accel Partners;
Bill Geary, partner at North Bridge Venture Partners;
and David Hathaway, managing general partner at
Venrock Associates, currently sit on the board.
2nd Century is funded by Meritech Capital Partners,
Accel, North Bridge, Venrock, Dell, Intel, and Microsoft.
http://www.2ndcentury.com/
_____________________________________________

o VeriSign Exec Joins Board of Broadcast Manager Reliacast

HERNDON, Va -- Reliacast, a developer of management
software for data broadcasts over multicast networks,
said it has appointed Robert Korzeniewski, the executive
vice president of VeriSign, to its board of directors.
Mr. Korzeniewski was chief financial officer of
Network Solutions. Reliacast is backed by First
Union Capital Partners, affiliates of Hicks, Muse,
Tate & Furst, Main Street Advisors, SCP Private
Equity Partners, and Thomas Weisel Partners.
http://www.reliacast.com/

======= New People =======

o European Broadband Firm Formus Names CEO

DENVER -- Formus Communications, a European broadband
communications service provider, said it has appointed
Bernard G. Dvorak as its chief executive officer.
Mr. Dvorak has been the interim chief executive
officer of the company since February. Prior to
that Mr. Dvorak was president and chief executive
officer of Cordillera Communications, which provides
businesses in Latin America with wireless communications
services. Formus also said that Mathias Weber, the
chairman of the managing board for the Callino Group,
a wholly owned subsidiary of Formus, has been appointed
president and chief operating officer. The company
said former president and chief development officer,
Vernon Kenley, has retired. Formus is backed by
Citizen's Capital, CRI Media, Janco Partners, PartCom,
BancBoston, Baring Communications, the Centennial
Funds, Chase Capital Partners, CIBC Wood Gundy,
Crescendo Ventures, HarbourVest Partners, MC Partners,
Northwood Ventures, Spectrum Equity Investors, and
Telecom Partners.
http://www.formus.net/
_____________________________________________

o Bloodhound Software, Insurance Firm Protector, Names Execs

RESEARCH TRIANGLE PARK, N.C. -- Bloodhound Software,
an application service provider focused on claims
overpayment protection services, said it named William
F. Chastain, Jr. as president and chief executive
officer, and Robert McKenzie as chief financial
officer. Mr. Chastain previously served as executive
vice president, market development for FCCI Mutual
Insurance. Mr. McKenzie was most recently CFO of
Teksell.com, an online IT auction site. Bloodhound's
flagship product, ClaimsGuard Overpayment Protection
Service, aims to safeguard health insurers and other
health care organizations from overpayment due to
duplicate claims and other errors. Bloodhound is
backed by The Wakefield Group, A.M. Pappas and Associates,
NC Technological Development Authority, and Eno
River Capital.
http://www.bhsoftware.com./
_____________________________________________

o Healthcare Speech Apps Maker KorTeam Names New CEO

SUNNYVALE, Calif. -- KorTeam International, which
develops speech applications for healthcare practitioners,
said it has appointed Barbara J. Shaw as its new
chief executive officer. Ms. Shaw previously served
as senior vice president for pulseMD, a point-to-point
clinical transaction company. She replaces Russell
Hendren, who will continue with the company as executive
vice president. KorTeam is backed by BioAsia, Maton
Ventures, and inVestar.
http://www.korteam.com/
_____________________________________________

o Wireless Broadband Firm Malibu Names Ex-Adaptive Exec as CEO

CALABASAS, Calif. -- Malibu Networks, which develops
architecture for fixed wireless broadband IP access,
said it appointed Salvatore S. Benti as chief executive
officer. Mr. Benti replaces Bill Baker, who left
the company. Mr. Benti was vice president of broadband
wireless provider Adaptive Broadband. Malibu is
funded by ARCH Venture Partners, Polaris Venture
Partners, and CommVest.
http://www.malibunetworks.com/
_____________________________________________

o e-Commerce Platform Provider Cyclone Names President, COO

SCOTTSDALE, Ariz. -- Cyclone Commerce, a platform
provider for business-to-business e-commerce, said
it appointed Phil Myers, as its new president and
chief operating officer. Mr. Myers formerly served
as the president of Interact.com, a division of
Interact Commerce. Backers for Cyclone Commerce
include Koch Ventures, Trinity Ventures, and individual
investors.
http://www.cyclonecommerce.com/
_____________________________________________

o Real Estate Consulting Firm Meyers Group Names New President

IRVINE, Calif -- The Meyers Group, which provides
market information, analysis, and consulting services
to the residential development industry, announced
today it has named Michael F. Henn as its new president.
Prior to joining The Meyers Group, Mr. Henn served
as senior vice president and chief financial officer
at Kaufman and Broad Home Corp.,a residential building
company. He succeeds company founder Jeff Meyers
as president. Mr. Meyers will remain company CEO
and chairman of the board of directors. Meyers Group
is backed by AGL Capital Investments and AEW Partners
III.
http://www.meyersgroup.com/

======= VC Fund News =======

o Investment Firm STIVentures Raises $50 Million

AMSTERDAM -- STIVentures, an international technology
investment firm, said it has raised $50 million
in its first round of funding led by Softbank Europe
Ventures. Comverse Technology and Pacific Capital
Group also participated in the round. Comverse and
Softbank will both receive a seat on STIVentures'
board. The company said it will use the funds to
implement its strategy of investing over $500 million
in technology companies during the next five years.
STIVentures has invested between $1 and $4 million
in 40 companies, the majority of which are early
stage technology startups. The company said it expects
to raise an additional $10 million in the coming
weeks.
http://www.stiventures.com/
_____________________________________________

o Debis Capital Services Launches $63 Million Fund

STUTTGART, Germany -- Debis Capital Services, the
investment unit of DaimlerChrysler Services, said
it launched a EUR 75 million ($63 million) fund.
The fund will invest in other venture capital funds
and directly into startup companies. Direct investments
into startup companies will only be as a coinvestor.
Debis Capital Services said it would likely team
with the direct venture capital affiliate of DaimlerChrysler,
DaimlerChrysler Venture Capital. The fund will not
be directly affiliated with DaimlerChrysler and
will seek its initial capital from private investors.
http://www.debis.com/
_____________________________________________

o GoldenEgg and E-Street Merge as Syntek Capital Group

LONDON -- GoldenEgg Ventures, which invests in business-to-business,
enabling technology, and multimedia service firms,
and E-Street, which focuses on convergence and infrastructure
deals, said they will merge to form Syntek Capital
Group, which will focus on media and telecommunications
businesses in Europe and the United States. The
firms, which expect the merger to be effective December
12, said the new firm will have 22 portfolio companies
and manage over $250 million. Letizia Moratti, GoldenEgg
founder and chairman, will serve as chairman of
the new firm's board. Schoeller Logistics Technologies
co-founder Christophe Schoeller and Main Street
Merchant Partners co-founder Sam Humphreys will
serve as co-chief executive officers of Syntek.
GoldenEgg Ventures' portfolio companies include
lifestyle portal PeopleNews and wireless platform
provider XciTel. E-Street's portfolio companies
include digial media firm C2Media.com, consulting
firm Etensity, and digital animation firm Wildbrain.
Telephone 39-02-6599609.

======= VW Amplification =======

o Eve.com

NEW YORK -- Yesterday's article about the closure
of Eve.com listed idealab! along with several venture
capital firms as the failed startup's former backers.
In April of this year, idealab! purchased controlling
equity in the company from the company's other investors,
which included Charter Venture Capital, Crosslink
Capital, Menlo Ventures, and Weiss Peck & Greer
Venture Partners.

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Tana,

Per your request, the contact at Port of Seattle is Douglas C. Holbrook, ph.
206-433-4600.  There is no additional information regarding company name.

Thanks,
Stephanie x33465


Good story on retail -- as a direct result of ARM's hiring of Edelman.  Some
good Lay and Robert Michaels' quotes.
----- Forwarded by Susan J Mara/NA/Enron on 02/07/2001 10:42 PM -----

	"Counihan, Rick" <rick.counihan@greenmountain.com>
	02/07/2001 01:09 PM

		 To: "'Allen, Stevan'" <stevan.allen@edelman.com>, "Counihan, Rick"
<rick.counihan@greenmountain.com>, "Aaron Thomas (E-mail)"
<athomas@newenergy.com>, "'ARM List Serve'" <Arm@phaser.com>
		 cc: "Warner, Jami" <jami.warner@edelman.com>, "Beiser, Megan"
<Megan.Beiser@edelman.com>, "Fairchild, Tracy" <tracy.fairchild@edelman.com>
		 Subject: RE: LA Times story

This story is fantastic!!  It is the best single piece I have seen on the
retail market in California and it is in the newspaper of record.  I think
we should make copies and hand them out in our press packets and all
meetings we have.  I think this is a concrete example of a payoff from
working with Edelman.

-----Original Message-----
From: Allen, Stevan [mailto:stevan.allen@edelman.com]
Sent: Wednesday, February 07, 2001 9:31 AM
To: 'Rick. Counihan (E-mail); Aaron Thomas (E-mail)
Cc: Warner, Jami; Beiser, Megan; Fairchild, Tracy
Subject: LA Times story

http://www.latimes.com/business/reports/power/lat_retail010207.htm

This piece ran front page of this morning's LA Times. It refers to provision
of AB1X we are concerned about. Also, Enron gets a lot of attention. I will
have this forwarded to the entire team later this morning. Thanks.

Stevan

PS - Bryson is having a news conference this morning in Sac. Will keep you
posted.

Deregulation Didn't Foster Competition

By NICHOLAS RICCARDI and STEVE BERRY, Times Staff Writers

The way people scrambled for a stake in California's power market three
years ago, you'd have thought it was the second coming of the Gold Rush.
Politicians and free marketers boasted that they were freeing millions of
customers from their monopolistic utilities so they could shop for cheaper
electricity. The state ordered an $87-million publicity campaign, promising
a brave new energy world bustling with competition.
But those dreams of capitalism unleashed never materialized, dashed by
provisions in the 1996 deregulation law that effectively undermined
competition and gave the utilities a substantial edge over newcomers. In the
end, only 1.7% of the utilities' residential users switched to other
providers, many opting to pay more for "green" energy.
Although the chaos swirling around California's electricity crisis has
chiefly focused on soaring wholesale prices, the virtual absence of
competition at the consumer level has played a key role in deregulation's
undoing.
Had competition among retailers flourished, garnering the millions of
customers deregulators expected, prices might never have reached today's
unprecedented peaks and the turmoil might have been tempered, economists and
retailers say.
Retail competition "would not have prevented a crisis, but it would have
toned it down," said Richard Counihan, spokesman for Green Mountain Energy,
which has returned most of its 50,000 customers to the utilities' ranks.
Now even the prospect of competition is gone. A measure enacted by the
Legislature last week, which made state government the biggest electricity
buyer in California, suspended further retail competition, preventing anyone
from underbidding the state.
"That buries us," said Tony Wayne, president of UtiliSource of Brea, which,
under the new law, can keep its relatively small number of customers but is
barred from entering into new contracts.
Few thought it would come to this.

High Hopes Collide With Reality
Almost 300 firms registered with the state to sell electricity to consumers.
Many of them, quick-buck hucksters or small-time operations, were scared off
by background checks, fingerprinting and the $25,000 deposit required to
enter the market.
But then there were the likes of giant Enron Corp., which predicted that the
new market would pull 700,000 customers from the utilities in the first few
weeks. Another firm deployed 400 salespeople, nabbing residential and
business prospects by the thousands.
They quickly discovered that the structure of California's landmark
deregulation effort erected protective barriers preventing most retailers
from beating the prices of the big three utilities--Southern California
Edison, Pacific Gas & Electric and San Diego Gas & Electric.
For example, deregulation law allowed the utilities to keep their 9 million
customers until each took the initiative to switch. Any ratepayer who used a
moderate amount of energy and wanted to change companies had to pay $600 for
a new meter--unless the retailer wanted to eat the cost itself.
In contrast, Pennsylvania, where deregulation has been more successful than
in California, requires most of its utilities to surrender some of their
customers. Last year, 300,000 customers of one utility were auctioned off to
the retailer who could promise them the most savings. All together, close to
1 million customers have switched from utilities to retailers, with savings
estimates ranging from a few dollars to $15 per month.
In California, the next barrier was expressly designed by deregulation
architects to keep new retailers at bay, at least temporarily.
Before throwing utilities into a free-for-all, lawmakers felt obligated to
give them time to pay off debts that would hurt their ability to offer
competitive prices. The Legislature froze customer prices at 1996 levels,
well above what the utilities were then paying for electricity. The
difference would be used to pay their debts.
The hitch for prospective retailers was that their customers--like those
remaining with utilities--would be charged the extra amount too. That
seriously hurt the retailers' ability to shave prices for their customers
without taking a hit themselves.
Utility executives say the so-called competition transition charge
accomplished its intent: providing some protection against new players until
the utilities could shed their debt and compete on an even field.
According to those executives, the plan went awry when wholesale electricity
prices soared before the special debt charge was lifted and competition had
a chance to flourish.
"We haven't had enough time for this market to work," said Denise Grant,
director of the Edison division that works with retailers. She said Edison
expected to lose 150,000 customers annually--a far cry from what has
happened.
Retailers say they faced other obstacles that seemed designed to help the
utilities keep as many of their customers as possible.
One of the biggest was a newly created energy marketplace called the Power
Exchange.
Under the exchange's rules, all buyers--little guys with a few hundred
customers and mammoth utilities with millions--paid the same price for
electricity. Once again, retailers were stymied in their search for ways to
cut their customers' bills.
Retailers had no place else to shop for energy because suppliers could make
more money selling in high volume to billion-dollar utilities on the Power
Exchange, rather than cutting small deals with upstart companies.
Wayne, the president of UtiliSource, learned the hard way. He was peddling
electricity in California in early 1997, before the state created the Power
Exchange. After arranging a good, but informal, deal with a Washington
generator, he sent out hundreds of salespeople, took to the road himself and
soon cornered 10,000 customers.
But the birth of the exchange caused the death of his deal, Wayne said. The
generators pulled out when they realized how much money they could make
selling on the open market.
"That was an oh-my-god. They said, 'Why should we give you a discount when
we can sell it to the Power Exchange ourselves?' " he said.
Retailers say the state protects the utilities in subtler but no less
damaging ways. That includes billing customers who switch companies for
certain overhead costs of their old utilities, such as weather forecasters
and accountants involved in procuring electricity.
In late 1999, a coalition of retailers filed a complaint with the Public
Utilities Commission arguing that their customers should not be forced to
pay costs for utilities they had decided to leave.
Earlier this month, the PUC finally reached a decision that favors the
retailers' argument but accepts the utilities' calculations of the expenses
borne by retailers, an amount critics say is far too low.
In dissenting, Commissioner Richard A. Bilas called the decision's paltry
award to retailers another strike against them.
"We cannot keep stymieing retail competition if we are seeking rational
markets," he said. "Energy service providers [retailers] have left the state
in droves. . . . They need all the encouragement we can give them."

Retailers Found Little Opportunity
Be they multinational giants or kitchen-table entrepreneurs, retailers are
dismayed by their experiences with deregulation.
Enron spent $5 million trying to sell electricity in 1997 and the spring of
1998. But, unable to offer enticing discounts, the firm picked up only
30,000 customers.
In a recent meeting with reporters and editors at The Times, Enron Chief
Executive Kenneth Lay suggested that the framers of deregulation kept market
forces pinned down in the retail sector. As a result, there was little money
to be made and little incentive to stick around.
"The more customers you signed up," Lay said, "the more [money] you lost."
Last week, Enron returned a number of its remaining electricity contracts to
PG&E. "In the end," Lay said, "we couldn't change the rules and we pulled
out."
On the other end of the spectrum, Paul Oshideri is now a one-man operation
since he laid off his seven employees during his unprofitable two years
trying to entice customers to Cucamonga Energy.
"You don't have that many options," said Oshideri, who is still holding on
to his 250 customers and vows not to quit. "What can you do? You can't do
anything right now."
Only when it came to businesses and big institutions such as universities
were retailers able to make a dent in the market. The small price reductions
they offered translated into huge savings for those large users of
electricity. The retailers also offered a variety of other services,
including aid to help businesses become more energy efficient.
Although fewer than 2% of all residential customers have switched to new
energy companies, 13% of industrial users have done so, according to the
Public Utilities Commission.
"If they'd structured this differently they would have had households able
to make big savings just like industrials," said Cal State Fullerton
economist Robert Michaels.
There is some dispute among deregulation critics over whether legislators
designed the law to protect the utilities from an onslaught of competition,
or it just turned out that way.
Jesse Knight, a former member of the Public Utilities Commission who
dissented on the panel's deregulation plan, said the law is biased against
retail competition.
"But I don't think it was the legislation's intent to protect the monopoly,"
Knight said.
There is general agreement, however, that not enough attention was paid to
the mechanics of the retail market.
Much of the deregulation legislation deals with generation, transmission and
wholesale prices of electricity. The only provisions on the retail end
simply allow consumers to shop for deals.
Lay, the Enron executive, recalled that the utilities fought hard to
maintain their customer base. The irony is that, with wholesale prices
skyrocketing over the last six months, buying electricity for all those
customers has driven the utilities to the brink of insolvency.
"With 20-20 hindsight, I expect they wish they'd agreed to more choice at
the customer level," Lay said. "Then maybe they wouldn't be in the
circumstances they're in."
   News </news> Politics </news/politics> Entertainment
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<http://www.calendarlive.com/art/>, TV <http://www.calendarlive.com/tvent/>,
restaurants
<http://www.calendarlive.com/top/1,1419,L-LATimes-Restaurants-X!Front,00.htm
l>    <<...OLE_Obj...>>    Business </business> Travel </travel>
Classifieds </class> jobs </class/employ>, homes </class/realestate>, cars
<http://www.cars.com/carsapp/latimes/?srv=parser&act=display&tf=/index-defau
lt.tmpl>, rentals </class/rentals>    <<...OLE_Obj...>>    Sports
<http://sports.latimes.com> Commentary </news/comment/> Shopping
<http://www.latimes.com/class/2shop/menus/>     <<...OLE_Obj...>>
 <<...OLE_Obj...>>
Copyright 2001 Los Angeles Times

STEVAN ALLEN
Vice President
Edelman Public Relations Worldwide
1215 K Street - Suite 970
Sacramento, CA 95814

916/442-2331 - phone
916/447-8509 - fax
stevan.allen@edelman.com
 <<Allen, Stevan.vcf>>


Frank,

I know this is late.  I appologize.  I need some help with the development
plan.  The review is complete.  Let me know if I need to change some items.

Thanks.

DG    3-9573


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
06:10 PM ---------------------------

ERisk <eRisks_news@email.eRisks.com> on 03/23/2001 11:36:33 AM
To: vkamins@enron.com
cc:
Subject: ERisk Essentials

?		www.erisk.com
		What's  New at ERisk.com - 23 March 2001

Weekly  Review	This week's economic, banking and P_insurance news, from  an
enterprise risk management perspective. Read it here...

Analysis
	In this week's Analysis:
	 Taking the long view on credit risk management
	 The risks of cracking down on insurance fraud and
	 Fannie Mae controversy puts debt benchmark in jeopardy

Feature	The treatment of operational risk is one of the more controversial,
and poorly understood, elements of Basle's proposed revisions to the Capital
Accord. In this exclusive  article, Penny Cagan of Zurich Financial Services
explains what  the Basle Accord proposals mean for most banks, where there's
room for improvement  and how to get started on building an operational risk
framework

iConference  Archive
	Couldn't make it to our iConference on Risk Transfer,  featuring Martin Nance
of AIG Structured Products and Barry Finkelstein,  Joe Parsons and Chris
Crevier of Merrill Lynch? Check out the iConference  Archive later this week
to find out what you missed. Still available:  The proceedings of our two
recent Basle  iConferences, featuring Bill Treacy of the Federal Reserve
Board,  Ashish Dev of Key Bank and Andy Hickman of ERisk

Events
Calendar 	Feeling the need to network? Check  out our comprehensive listing of
risk management events around the world  in the Events  Calendar

		The  ERisk Essentials is published every Friday by ERisk.com.
		To subscribe to this newsletter, please register  on our website.
		To unsubscribe, access your  account. Your username is the email address
where you received this  message.
		To be reminded of your password, or to reset it, follow this  link.


I will take a crack at the override letter.  I will not be available
until approximately 11 am CST.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, May 15, 2001 7:26 PM
To: Sheila.Tweed@enron.com; Roseann.Engeldorf@enron.com;
Scott.Dieball@enron.com; John.G.Rigby@enron.com; Thompson, Peter J.
Cc: Suzanne.Adams@enron.com
Subject: World Hunger assignment

I took a crack at tightening up the E Next assignment language as it
exists
in the overrides, for inclusion in WH form:

(See attached file: world hunger assn.DOC)

Peter, could you take first cut at the override letter?  We  may be
having
an internal meeting at 930 central, and if so, will you be available by
phone if necessary?

Suz, please put the attachment in the notebook.

Thanks,

Kay


All is good. Just waiting around for my UBS business cards. Not much is new. Might be buying a porsche. Got rid of the chika and am looking for a less bitchy model. Say hi to the boys.

Chris

 -----Original Message-----
From: 	"Dunlap, Dave" <DDunlap@tradespark.com>@ENRON
Sent:	Tuesday, January 22, 2002 1:58 PM
To:	Dorland, Chris
Subject:

hey toughguy -- whats the story -- how's everything going up yonder ------
never heard back from you -- hope all is well buddy

CONFIDENTIAL: This e-mail, including its contents and attachments, if any, are confidential. If you are not the named recipient please notify the sender and immediately delete it. You may not disseminate, distribute, or forward this e-mail message or disclose its contents to anybody else. Copyright and any other intellectual property rights in its contents are the sole property of Tradespark, Inc.
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For further important information, please see http://www.tradespark.com/full-disclaimer.html


Houston Non-Attainment Regulations - Marc Phillips is representing the TXOGA
Pipeline Committee at a meeting with TNRCC regarding the Houston
Non-Attainment regulations. After the TNRCC meeting he will attend a meeting
with TXOGA and the Intrastate Pipeline Association to discuss their
differences on discussions with TNRCC regarding voluntary controls on
"Grandfathered" facilities.

OEC Environmental Issues - Marc Phillips, Jim Peterson and Russ Tucker
interviewed OEC management to discuss the environmental issues that are
important at the OEC peaking facilities. The Reg Tech Group will use this
information when reviewing state and federal regulations with impacts on
Enron.

NEPCO OSHA Compliance - Russell Tucker responded to a request from Tony
Bolar-Softich,EE&CC and NEPCO Safety Director, for a search of all OSHA
violations resulting in a fine or proposed fine as a result of inspections at
any construction jobs in 10 specific locations where NEPCO has upcoming jobs.
This resulted in information keyed directly for the OSHA Areas Office
inspection activity for all of the upcoming job locations.  Tony plans to use
this data to verify compliance within NEPCO for any of the violations of
record.

Safety Notice on OSHA Policy For Treatment of Employer Safety Self-Audits -
Russell Tucker sent out a Safety Notice to al Enron safety specialists
covering the final policy recently released by OSHA describing the Agency's
treatment of voluntary employer self-audits. This formalizes and clarifies
the way OSHA may obtain an employer's voluntary self-audits, how they may
help an employer during an inspection or when discovery may be the basis for
issuing a willful citation.

Annual Report -   Chairman's statement was finally approved.  Comments
submitted on 2nd draft copy.  The report will be posted on the intranet site
under "New and Notable" and on the external site under "  Due to some final
edits, publication will be either Friday or Monday. (Susan Worthen)

Federal Solutions/Military Bases - Met with Scott Porter and Charlie Thompson
of EES to discuss the baseline implications of two military bases that EES
has been shortlisted.  Also was given two contacts to discuss permitting and
other issues associated with their services. (Susan Worthen)
Corporate Responsibility Brochure - Collected electronic copies of new Vision
and Values, EHS Principles and Standards, Human Rights Policy, and relevant
sections of Code of Ethics for Corporate Responsibility Booklet, which will
be translated (European-related languages) for distribution with a
committment letter from Ken Lay.  Lauren Goldblatt is working with Kelly to
get the letter drafted and approved by Ken Lay. (Susan Worthen)

ENEL, Nicaragua - Worked with Dave Nutt, corporate legal environmental , to
provide contract language regarding Phase II sampling and indemnification.
(Susan Worthen/Don Stevens)

Intranet Site Development - We have completed the inception document and are
initiating the elaboration document.  Both of these are required "procedures"
by Enron NetWorks.  After completion of the Elaboration document, coding and
design of the actual site will begin.  Gavin Dillinham needs information from
Jeff Keeler regarding Joel Bluestein's services and links.  We are pushing
for something up and running by the end of October, but Angela Morris  (Enron
Networks) has forewarned us that it could be December. (Gavin Dillingham,
Susan Worthen/Jeff Keeler)

EHS Service Opportunities - I communicated to Rick Hill, ENA that I can act
as a point of contact for EHS-related needs pertaining to holding companies
that we offer our partners certain management services for cost + 5%.  EES is
interested in offering clients and customers similar services and I am in
discussion with them. (Susan Worthen)

Greenhouse Gas Inventory Verification - Presentation by A.D.Little,
contractor hired to perform verification of our inventory numbers and formula
is chdeduled for today.  (Susan Worthen)


Suzanne:
Can you tell me who my HR rep is?  How was your Thanksgiving?  Our was
great.  I'm meeting with Mark Haedicke today so I will call you later.  Talk
to you soon.

Carol

PS  We are beginning the "nanny" search.  If you know of anyone or hear
someone talk about someone that might be looking for a job, please let me
know.  Thanks.


Applied Finance - May 31-June 1, 2001
in EB552   Cost:  $700.00

The objective of this program is not to teach you how to do a deal, but rather, to give you a better understanding of how basic financial principals contribute to the structure of a deal.    It will also provide you with insight to Enron deals in order that you can make a contribution to the work that goes into putting one together.

When you leave the program, you will have:

R	An understanding of basic financial and accounting issues relevant to Enron's transactions.
R	A basic understanding of how Enron structures deals - the "deal space" and how the financial principals discussed 	relate to 	Enron deals.
R	The ability to take the financial principals and apply them to an Enron deal.

Please login and enroll through the InvestInMe website, http://www.corptraining.com/index.cfm?company=enron.  If you have any questions, please call 713 853-0357.


Hey Alicia,

Katy's email address is katyhester@hotmail.com and her phone number is
(281)351-5669.  I know she would love to talk to you more about travelling -
she has a lot of great ideas about places to go, things to see and things to
do.

See ya,
Susan

Alicia Perkins@EES
12/11/2000 09:13 AM
To: sscott5@enron.com
cc:
Subject: Travel

Hey Susan-

Katie has got me thinking about traveling.  I would love to talk to her more
about different options.  Would you either give me her phone #/ Email adress
or give her mine?  Here's my info:

home: 713-528-4751
work:   713-853-1567
email:  texasperk@hotmail.com

Thanks, talk to ya later,
Alicia


The Federal Appeals Court issued a ruling today on the EPA Section 126 Rule.  We need to get more legal analysis of the order, but it
states:

"It is Ordered that EPA's Section 126 Rule is remanded as to all cogenerators, but vacated only as to those cogenerators classified as electric generating units ("EGUs") under the rule that supply equal to or less than one third of their potential capacity or equal to or less than 25 MW to the grid for sale per year."   This part of the order appears to "vacate" or completely throw out the 126 rule for cogeneration units less than 25 MW or selling less than 1/3 of their capacity to the grid.   For all other cogenerators, the court remands the rule for all other cogenerators to EPA for re-working, consistent with some of the court's earlier objections.

"It is Further ordered that as of May 15, 2001, the date of this court's decision, the three-year compliance period for emissions limitations applicable to EGUs under the Section 126 Rule is tolled, pending EPA's resolution of the remand of EGU growth factors ordered by this court."  This more significant part of the order "tolls" -- or puts on hold -- compliance with the 126 Rule for all EGUs until EPA resolves EGU growth factor issues that the court identified in its May 15, 2001 ruling.  The practical effect of this part of the order will be to delay implementation of the Section 126 Rule until May 2004, when the EPA NOx SIP Call is scheduled to go into effect.   The EPA will not be able to re-issue its rules in a time frame that would require compliance before May 2004.

The NOx SIP Call would have supplanted the Section 126 Rule in May 2004 anyway -- what this ruling does is take away some of the uncertainty that existed for the May to September 2003 period (original effective date of the Section 126).  The initial impact that could result is that prices for 2003 OTR allowances could be lower, now that less of the generating sector in fewer states will be facing summer 2003 compliance.

Again, I will forward any more detailed legal analysis as I receive it, but this is the latest news...

Please call if you have any questions.

Jeff Keeler
Director, Environmental Strategies
Enron Corp
(203) 245-0828 office
(203) 464-1541 cell


We do not want to hire him.  Could you have someone send the new resumes as
soon as possible.

Thank You
Hunter


Peter:

My only concerns would be:

 (1) To the extent of any overlap in customers (which seems unlikely but it's
happened here), we would want all of the transactions to be in the same
entity for netting and setoff purposes.
 (2)  It's been a while since we've done any due diligence focused on retail
financial transactions in Canada.  We are pretty restricted in that area in
the US.  As I remember it, the new law and subsequent regulations we
unearthed a couple of years ago may impose similar restrictions in Canada.
 (3)  If traders in the US might close one of these transactions with a
Canadian counterparty or traders in Canada transacted with a US counterparty,
they would not be covered by the services agreement in place between Enron
Canada and ENA.

Let me know if I can be of any help.

Mark T.

	Peter Keohane
	05/09/2001 03:28 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Rob Milnthorp/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Sharon Crawford/CAL/ECT@ECT
		 Subject: Financial Transactions - Enron Direct Canada

Mark (and Mark) are there any concerns with Enron Direct Canada (EDC) (the
mass markets retail affiliate, that is soon to be a subsidiary of EES) as
opposed to Enron Canada (as wholesale affiliate of ENA) entering into
financial transactions?  To date EDC has been entering into physical
transactions only for gas and power under forms that have been developed
based upon our wholesale physical contracts, Enron Direct UK's form, and
compliance with the local regulatory requirements for retailers.  If EDC was
to enter into financial transactions, they would tend to be papered under
omnibus financial GTCs with EDC (as ISDAs would likely not be marketable).
Of course credit would need to be obtained in advance, and the transactions
are not booked until the counterparty executes the paper.  Please let me know.

Peter.


Kevin,

We routinely prepare that data and it is available for all our turbines.  The
problem is that the consumption/production is a net number for a 5.5 minute
period so we do not know what the turbine loads are, only what they are
netting.

This leaves two questions:

1. What is the turbine consuming during normal operation (including standby,
full power, etc) and
2. What is the potential financial liability a particular site has for
consumed power.

The first question we cannot answer with the SCADA data because the SCADA
data is a net number.  This one will require actual measurement of data to
ascertain.

The second question we cannot answer with the SCADA data unless the frequency
of the measurement coincides with the 5.5 minute SCADA periodicity.

Regarding the second question:

Since we will be charged a different rate for consumed power (a "retail"
rate) versus the rate we are paid for produced power (the "wholesale" rate)
we cannot depend on a net metering solution with an arbitrary frequency.
Taking a look at extremes by way of example:  If we are netting on a monthly
basis then we will never owe anything under a net metering solution.  This is
because in normal operation the turbine always produces more power than it
consumes on a monthly basis.  On the other hand if the frequency is based on
a 1 minute periodicity then we will have 2 instances of individual minutes.
One would be a minute in which we produced power and sold it at the retail
rate and the other would be a minute where we consumed power and purchased it
at the retail rate.  This is because the turbine is not producing power
during every minute of the month.   There are an infinite number of
permutations because you can set the time interval to an infinite number of
values.

Our current value is a net number, based on a 5.5 minute interval.  If the
utility is basing their measurement on a different frequency then we will
certainly get a different total for power consumed,

The other issue is the location of the measurement.  If the measurement is at
the substation then the net number is an aggregate of the wind turbines which
dampens the impact of a particular turbine (good for us).  If the measurement
is with our SCADA system at the individual turbine then we maximize the
impact if a particular turbine is down for any reason while the remaining
turbines are operating (bad for us).

Therefore to more fully understand the 2nd question from Mark we also need to
know 2 additional points:

1.  What is the proposed frequency for the metering?
2.  Where is the measurement going to take place?

As mentioned earlier, we can provide the net production/consumption for each
5.5 minute interval.  However, I think the only way we can fully address this
question is to run a test program based on the answers to these two last
questions.

Regards,
Hollis

Kevin Cousineau
05/15/2002 07:25 AM
To: Mark Ratekin/EWC/Enron@ENRON
cc: Mark Fisher/EWC/Enron@Enron, Mark Eilers/EWC/Enron@ENRON, Hollis
Kimbrough/EWC/Enron@ENRON

Subject: Re: Consumption for for GE1.5

Mark, Mark and Mark:

I have reviewed the attached power curve and clearly it will not help in
formulating an answer to your question.

I would like to ask Mark Fisher to look at a typical installation (any one of
our field sites) and give us data on kWh consumed by several turbines over a
multi-month period with data arranged month by month. Perhaps one or two
turbines at Monfort would be the best because we can look at a whole year of
data. This would tell us what was produced and what was consumed in energy.

Mark Eilers, what do you think?

Regards

KLC

Mark Ratekin
05/14/2002 04:24 PM
To: Kevin Cousineau/EWC/Enron@ENRON
cc: Mark Fisher/EWC/Enron@Enron, Mark Eilers/EWC/Enron@ENRON, Hollis
Kimbrough/EWC/Enron@ENRON

Subject: Re: Consumption for for GE1.5

Attached is the final power curve results from the Tehachapi 1.5 Prototype,
which includes the power consumption.  The page was scanned from the NREL
Test Report.  If you have any questions or need the entire document feel free
to contact me.

Best Regards,

Mark


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/06/2000
10:49 AM ---------------------------

Jeff Richter
09/06/2000 07:39 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Wow

---------------------- Forwarded by Jeff Richter/HOU/ECT on 09/06/2000 09:45
AM ---------------------------
To: Mike Swerzbin/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT, John
M Forney/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: Wow

---------------------- Forwarded by Tim Belden/HOU/ECT on 09/06/2000 07:27 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Kevin M Presto                           09/05/2000 01:59 PM

To: Tim Belden/HOU/ECT@ECT
cc: Rogers Herndon/HOU/ECT@ect, John Zufferli/HOU/ECT@ECT, Lloyd
Will/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Mike
Swerzbin/HOU/ECT@ECT
Subject: Wow

Do not underestimate the effects of the Internet economy on load growth.  I
have been preaching the tremendous growth described below for the last year.
The utility infrastructure simply cannot handle these loads at the
distribution level and ultimatley distributed generation will be required for
power quality reasons.

The City of Austin, TX has experienced 300+ MW of load growth this year due
to server farms and technology companies.  There is a 100 MW server farm
trying to hook up to HL&P as we speak and they cannot deliver for 12 months
due to distribution infrastructure issues.  Obviously, Seattle, Porltand,
Boise, Denver, San Fran and San Jose in your markets are in for a rude
awakening in the next 2-3 years.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 09/05/2000
03:41 PM ---------------------------

	Enron North America Corp.

	From:  John D Suarez                           09/05/2000 01:45 PM

To: Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Paul J
Broderick/HOU/ECT@ECT, Jeffrey Miller/NA/Enron@Enron
cc:
Subject:

---------------------- Forwarded by John D Suarez/HOU/ECT on 09/05/2000 01:46
PM ---------------------------

George Hopley
09/05/2000 11:41 AM
To: John D Suarez/HOU/ECT@ECT, Suresh Vasan/Enron Communications@ENRON
COMMUNICATIONS@ENRON
cc:
Subject:

Internet Data Gain Is a Major Power Drain on
                  Local Utilities

                  ( September 05, 2000 )

                  In 1997, a little-known Silicon Valley company called Exodus
                  Communications opened a 15,000-square-foot data center in
Tukwila.

                       The mission was to handle the Internet traffic and
computer servers for the
                  region's growing number of dot-coms.

                       Fast-forward to summer 2000. Exodus is now wrapping up
construction
                  on a new 13-acre, 576,000-square-foot data center less than
a mile from its
                  original facility. Sitting at the confluence of several
fiber optic backbones, the
                  Exodus plant will consume enough power for a small town and
eventually
                  house Internet servers for firms such as Avenue A,
Microsoft and Onvia.com.

                       Exodus is not the only company building massive data
centers near Seattle.
                  More than a dozen companies -- with names like AboveNet,
Globix and
                  HostPro -- are looking for facilities here that will house
the networking
                  equipment of the Internet economy.

                       It is a big business that could have an effect on
everything from your
                  monthly electric bill to the ease with which you access
your favorite Web sites.

                       Data centers, also known as co-location facilities and
server farms, are
                  sprouting at such a furious pace in Tukwila and the Kent
Valley that some
                  have expressed concern over whether Seattle City Light and
Puget Sound
                  Energy can handle the power necessary to run these 24-hour,
high-security
                  facilities.

                       "We are talking to about half a dozen customers that
are requesting 445
                  megawatts of power in a little area near Southcenter Mall,"
said Karl
                  Karzmar, manager of revenue requirements for Puget Sound
Energy. "That is
                  the equivalent of six oil refineries."

                       A relatively new phenomenon in the utility business,
the rise of the Internet
                  data center has some utility veterans scratching their
heads.

                       Puget Sound Energy last week asked the Washington
Utilities and
                  Transportation Commission to accept a tariff on the new
data centers. The
                  tariff is designed to protect the company's existing
residential and business
                  customers from footing the bill for the new base stations
necessary to support
                  the projects. Those base stations could cost as much as $20
million each,
                  Karzmar said.

                       Not to be left behind, Seattle City Light plans to
bring up the data center
                  issue on Thursday at the Seattle City Council meeting.

                       For the utilities that provide power to homes,
businesses and schools in the
                  region, this is a new and complex issue.

                       On one hand, the data centers -- with their amazing
appetite for power --
                  represent potentially lucrative business customers. The
facilities run 24 hours a
                  day, seven days a week, and therefore could become a
constant revenue
                  stream. On the other hand, they require so much energy that
they could
                  potentially flood the utilities with exorbitant capital
expenditures.

                       Who will pay for those expenditures and what it will
mean for power rates
                  in the area is still open to debate.

                       "These facilities are what we call extremely dense
loads," said Bob Royer,
                  director of communications and public affairs at Seattle
City Light.

                       "The entire University of Washington, from stadium
lights at the football
                  game to the Medical School, averages 31 megawatts per day.
We have data
                  center projects in front of us that are asking for 30, 40
and 50 megawatts."

                       With more than 1.5 million square feet, the Intergate
complex in Tukwila is
                  one of the biggest data centers. Sabey Corp. re-purchased
the 1.35 million
                  square-foot Intergate East facility last September from
Boeing Space &
                  Defense. In less than 12 months, the developer has leased
92 percent of the
                  six-building complex to seven different co-location
companies.

                       "It is probably the largest data center park in the
country," boasts Laurent
                  Poole, chief operating officer at Sabey. Exodus, ICG
Communications,
                  NetStream Communications, Pac West Telecomm and Zama
Networks all
                  lease space in the office park.

                       After building Exodus' first Tukwila facility in 1997,
Sabey has become an
                  expert in the arena and now has facilities either under
management or
                  development in Los Angeles, Spokane and Denver. Poole
claims his firm is
                  one of the top four builders of Internet data centers in
the country.

                       As more people access the Internet and conduct
bandwidth-heavy tasks
                  such as listening to online music, Poole said the need for
co-location space in
                  Seattle continues to escalate.

                       But it is not just Seattle. The need for data center
space is growing at a
                  rapid clip at many technology hubs throughout the country,
causing similar
                  concerns among utilities in places such as Texas and
California.

                       Exodus, one of the largest providers of co-location
space, plans to nearly
                  double the amount of space it has by the end of the year.
While companies
                  such as Amazon.com run their own server farms, many
high-tech companies
                  have decided to outsource the operations to companies such
as Exodus that
                  may be better prepared for dealing with Internet traffic
management.

                       "We have 2 million square feet of space under
construction and we plan to
                  double our size in the next nine months , yet there is more
demand right now
                  than data center space," said Steve Porter, an account
executive at Exodus in
                  Seattle.

                       The booming market for co-location space has left some
in the local utility
                  industry perplexed.

                       "It accelerates in a quantum way what you have to do
to serve the growth,"
                  said Seattle City Light's Royer. "The utility industry is
almost stunned by this, in
                  a way."


It is not clear to me what Braintree's should remain open.  Will we shut down
this Town of Braintree and only keep open Braintree Electric Light
Department?


Kate - Here is a list of the games in December I am able to offer your
employees a special rate for the Blazer Games.  I hope you had a great
Thanksgiving weekend!

> Ryan
>
>
> Here are the upcoming Blazer specials for Enron NE employees!
>
> Blue Section (lower level endzone)  - $47 (normally $69 - Available for
> some games)
> Purple section (upper level center) - $20 ($15 for kids 15 & under)
> (Normally $23)******
> Tan section (upper level behind basket - $10)
>
>
> *BONUS* - each ticket comes with a $3 Blazer Buck (good for food and
> beverage in the arena)
>
> To see a map with the colored sections go to http://www.blazers.com and
> click on arena and tickets...
>
> Upcoming games:
>
>
> November 30 - Dallas Mavericks
> December 6 - Toronto Raptors
> December 8 - Philadelphia 76ers
> December 9 - Detroit Pistons
> December 23 - Washington Wizards
> December 29 - Vancouver Grizzlies
>
>
> OR - Call for any future Blazer game!!
>
> For tickets please call Ryan Langan @ 503-797-9936 or e-mail @
> ryan.langan@ripcity.com
>


I think this is something we should consider.  I'm asking Rob to look into it.

	"Gilbert R. Whitaker, Jr." <grwhit@rice.edu>
	11/16/2000 02:06 PM

		 To: skean@enron.com
		 cc: Christie_Patrick@enron.com
		 Subject:

Steve -

As you may know, Murray Weidenbaum, former Chair of the Council of Economic
Advisors, and Professor of Economics at Washington University in St. Louis
will be the Ken Lay Vinson &Elkins Visiting Scholar at the Jones School for
the period January to May 2001. As he is on sabbatical from Washington
University, he will have no teaching requirements of us but has offered to
give some talks around and about for us.

Since Ken Lay once worked for Murray when Murray was Assistant Secretary of
the Treasury, I wondered if Enron might be interested in jointly sponsoring
a breakfast or luncheon talk by Murray sometime after the first of the
year. He is giving a major address to the Detroit Economic Club in Janurary
and I suspect that he will have the basis for a great talk in Houston as well.

In any event because of the title he will hold and because of our many
joint ventures, I wanted to begin the process of finding a partner in this
endeavor.

Let me know what you think.

gil


Here is the guest log-on IDs and password.

llink1, password!
llink 2,password!
llink3,password!

Jin


Richard

Regarding your friends who have the working interest in the Bowen #1 and #2
wells in Panola County, I've had the gas contracts system checked and
Houston Pipe Line Company does not purchase gas from Hydrocarbon Lease
Management in that county.  The only county in which HPL purchases gas from
HLM is a well in Matagorda County.  There are no records of gas purchases
from any well called Bowen #1 or Bowen #2.   If they have well meter numbers,
we can run a check that way but it doesn't look like HPL is the gas purchaser.


We should be getting gas fax.


Start Date: 1/11/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011114.txt


disregard 584137, broker has on peak

---------------------- Forwarded by Kerri Thompson/Corp/Enron on 04/17/2001
04:38 PM ---------------------------

Kerri Thompson
04/17/2001 04:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

584137
broker has light load

584125
should be mirant

thanks


Kathy,

I will be out of town on Thursday and Friday, and will therefore be unable to
attend.

Thank you,

Kay


Thanks for this. Please consider "Ameren Energy, Inc. as agent" declined by
Legal.

----- Forwarded by Shari Stack/HOU/ECT on 08/29/2000 05:27 PM -----

	Tana Jones
	08/29/2000 05:26 PM

		 To: Shari Stack/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Credit Responses 08/29/00

I just had this conv. w/Mark and Marcus Nettleton today about parties acting
as agent, or in some fiduciary capacity online.  What I am being told is that
the system is set up for parties to only act as principals for online
trading.  It does not deal with agent, fiduciary or similar relationships.
The only exception to this rule so far has been GPU where they had an agency
relationship with 3 utilities, on the power side, where Leslie had some
specific documentation that she got signed.  But I am told should not be
entering into transactions with counterparties as anything other than
principals, except under extraordinary circumstances.

	Shari Stack
	08/29/2000 05:04 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Rhonda L Denton/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT
		 Subject: Re: EOL Credit Responses 08/29/00

Tana:

"Ameren Energy, Inc. as agent":  On hold til I speak with Leslie. I imagine
they will need to sign our std. Consent & Acknowledgement form which allows
them act as agent. It would be helpful to know for whom they are acting as
agent. Do you know this?

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

The following CPs are not authorized to trade US power products:

Ameren Service Company - Restricted by Credit
Oglethorpe Power Corporation.- Not a current CP/Not FERC approved
Curbell, Inc. -   Restricted by Credit

Thanks,

Shari