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Broadcom Reports First Quarter 2001 Results

IRVINE, Calif., Apr 18, 2001 (BUSINESS WIRE) -- Broadcom Corporation (Nasdaq:
BRCM), the leading provider of integrated circuits enabling broadband
communications, today reported financial results for the first fiscal quarter,
ended March 31, 2001.

Gross revenue for the first quarter was $318.1 million, an increase of 66%
over
the $191.6 million reported in the first quarter of 2000 and a decrease of 16%
from the $378.8 million reported in the fourth quarter of 2000. Net revenue
for
the first quarter was $310.5 million, an increase of 62% over the $191.6
million
reported in the first quarter of 2000 and a decrease of 9% from the $340.2
million reported in the fourth quarter of 2000. Net revenue includes the
non-cash revenue deduction of the fair value of assumed performance-based
warrants earned by certain customers.

Pro forma net income was $24.2 million, or $.09 per share (diluted). This
compares with pro forma net income of $44.9 million, or $.18 per share
(diluted), for the same quarter in 2000, and pro forma net income of $88.8
million, or $.32 per share (diluted), in the fourth quarter of 2000. Diluted
earnings per share for the quarter were based on 281.0 million weighted
average
shares outstanding, compared to 252.6 million weighted average shares
outstanding in the first quarter of 2000 and to 274.1 million weighted average
shares outstanding in the fourth quarter of 2000.

Broadcom reports net income and diluted earnings per share on a pro forma
basis,
which excludes the effects of the non-cash revenue deduction related to
performance-based warrants, acquisition-related expenses, certain
non-recurring
settlement charges, and payroll taxes on certain stock option exercises.
Including these charges, substantially all of which were non-cash, net loss
for
the first quarter was $356.9 million, or $1.43 per share, compared with net
income of $38.6 million, or $.15 per share (diluted), in the same quarter of
2000, and with a net loss of $768.3 million, or $3.28 per share, in the fourth
quarter of 2000.

During the quarter, Broadcom announced and closed its acquisition of
ServerWorks
Corporation, a leading supplier of high performance SystemI/O(TM) solutions
for
server and storage platforms, network appliances and workstations. Broadcom
also
completed the acquisition of Visiontech Ltd., a leading supplier of digital
video/audio MPEG-2 compression and decompression chips enabling Personal Video
Recording (PVR) and IP video streaming for the consumer electronics market.
These acquisitions were accounted for under the purchase method of accounting.

"Our first quarter results met the revised expectations that we communicated
on
March 6th. Looking ahead, as a result of the continued weakness in the
communications sector, we have not yet seen improvement in order visibility
from
customers," said Dr. Henry T. Nicholas III, Broadcom's President and CEO.
"Despite the current weakness that exists in the business, we continue to be
confident that our product roadmaps in both the core and emerging markets will
position us well as the economy recovers."

During the first quarter, Broadcom introduced several significant new
products.
The company announced the world's first 0.13 micron CMOS Gigabit Copper
Transceiver, a four channel device on a single monolithic chip. This product
enables cost-effective, high port count Gigabit Ethernet switches and routers
by
doubling port density and reducing size and power requirements by 50%. This
industry leading product marks the fourth generation of Gigabit transceiver
products from Broadcom.

Broadcom's new products for optical communications applications included the
world's first system-on-a-chip OC-48 line card, the world's first single-chip
OC-192 CMOS transceiver, a low power and low cost OC-192 framer and the
world's
lowest power 10-Gigabit CMOS limiting amplifier. These product introductions
position Broadcom very well in the market for broadband optical
communications.

Broadcom's newly acquired ServerWorks business made two noteworthy
announcements
during the first quarter. First, ServerWorks unveiled its new Grand
Champion(TM)
architecture for future Intel(R) Xeon(TM) based servers. This product is the
first to support PCI-X, the new high performance input/output standard for
server and workstation platforms and the first to deliver memory bandwidth of
6.4 Gbytes/second or four times the company's previous solutions. In addition,
ServerWorks announced new SystemI/O logic that is optimized for dense Internet
network servers produced by OEM customers such as Compaq, Dell, IBM, NEC and
Siemens.

During the quarter, the Home Networking Business Unit extended its industry
leading position by surpassing the two million unit milestone for total number
of units shipped. HomePNA(TM), which utilizes the phone lines already in a
home,
continues to be the most widely produced home networking technology.

Broadcom also announced, sampled, gained design wins and has begun shipping
the
world's first single-chip IP phone solution incorporating Ethernet switch
technology, dual Ethernet transceivers, DSP and RISC processor cores and
analog
CODECs for handset and speakerphone support. This highly integrated Ethernet
IP
phone chip enables toll-quality IP phones with the lowest power consumption.

Broadcom also introduced the first all-CMOS Bluetooth(TM) radio to achieve
Bluetooth qualification. This radio is designed specifically for use in mobile
phone handsets and further extends Broadcom's Blutonium(TM) line of Bluetooth
solutions.

Broadcom's tuner chip was the first to receive CableLabs(TM) certification and
EuroDOCSIS certification. This will continue to allow manufacturers to
utilize a
highly integrated CMOS tuner chip to replace the 200-plus discrete components
housed in a tuner can to achieve greater reliability while meeting industry
standards.

Broadcom will conduct a conference call with analysts and investors to discuss
its first quarter 2001 financial results and current financial prospects today
at 4:45 p.m. Eastern Time (1:45 p.m. Pacific Time). The company will broadcast
the conference over the Internet. To listen to the call, please visit the
Investor Information section of the Broadcom Website at
www.broadcom.com/investor or go to www.streetfusion.com. The Webcast will be
recorded and available for replay until 5:00 p.m. Pacific Time on April 27,
2001.

About Broadcom

Broadcom Corporation is the leading provider of highly integrated silicon
solutions that enable broadband communications and networking of voice, video
and data services. Using proprietary technologies and advanced design
methodologies, Broadcom designs, develops and supplies complete
system-on-a-chip
solutions and related applications for digital cable set-top boxes and cable
modems, high-speed local, metropolitan and wide area and optical networks,
home
networking, Voice over Internet Protocol (VoIP), carrier access, residential
broadband gateways, direct broadcast satellite and terrestrial digital
broadcast, digital subscriber lines (xDSL), wireless communications,
SystemI/O(TM) server solutions and network processing. Broadcom is
headquartered
in Irvine, Calif., and may be contacted at 949-450-8700 or at
www.broadcom.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:

This release may contain forward-looking statements based on our current
expectations, estimates and projections about our industry, management's
beliefs, and certain assumptions made by us. Words such as "anticipates,"
"expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will"
and variations of these words or similar expressions are intended to identify
forward-looking statements. In addition, any statements that refer to
expectations, projections or other characterizations of future events or
circumstances, including any underlying assumptions, are forward-looking
statements. These statements speak only as of the date hereof, and are based
upon the information available to us now. Such information is subject to
change,
and we will not necessarily inform you of such changes. These statements are
not
guarantees of future performance and are subject to certain risks,
uncertainties
and assumptions that are difficult to predict. Therefore, our actual results
could differ materially and adversely from those expressed in any
forward-looking statements as a result of various factors.

Important factors that may cause such a difference for Broadcom include, but
are
not limited to, general economic conditions and specific conditions in the
markets we address, including the recent significant economic slowdown in the
technology sector and semiconductor industry; the timing, rescheduling or
cancellation of significant customer orders; the loss of a key customer; our
ability to specify, develop or acquire, complete, introduce, market and
transition to volume production new products and technologies in a timely
manner; the timing of customer-industry qualification and certification of our
products and the risks of non-qualification or non-certification; the rate at
which our present and future customers and end-users adopt Broadcom's
technologies and products in our target markets; delays in the adoption and
acceptance of industry standards in those markets; our ability to renegotiate
or
terminate on acceptable terms the product purchase and development agreements
and performance-based warrants assumed in certain acquisitions; results of
changes in our accounting for the performance-based warrants; the volume of
our
product sales and pricing concessions on volume sales; the qualification,
availability and pricing of competing products and technologies and the
resulting effects on sales and pricing of our products; the effectiveness of
our
expense and product cost control and reduction efforts; intellectual property
disputes and customer indemnification claims; the availability and pricing of
foundry and assembly capacity and raw materials; the risks inherent in our
acquisitions of technologies and businesses, including the successful
completion
of technology and product development through volume production, integration
issues and costs, and contractual, intellectual property and other issues;
fluctuations in the manufacturing yields of our third party semiconductor
foundries and other problems or delays in the fabrication, assembly, testing
or
delivery of our products; the risks of producing products with new suppliers
and
at new fabrication and assembly facilities; problems or delays that we may
face
in shifting our products to smaller geometry process technologies and in
achieving higher levels of design integration; the effects of new and emerging
technologies; the risks and uncertainties associated with our international
operations; our ability to retain and hire key executives, technical personnel
and other employees in the numbers, with the capabilities, and at the
compensation levels needed to implement our business and product plans;
changes
in our product or customer mix; the quality of our products and any
remediation
costs; the effects of natural disasters and other events beyond our control;
the
level of orders received that can be shipped in a fiscal quarter; and other
factors.

Our Annual Report on Form 10-K, forthcoming Quarterly Reports on Form 10-Q,
recent Current Reports on Forms 8-K and 8-K/A, and other SEC filings discuss
some of the important risk factors that may affect our business, results of
operations and financial condition. We undertake no obligation to revise or
update publicly any forward-looking statements for any reason.

Broadcom(R), SystemI/O(TM), Grand Champion(TM), Blutonium(TM) and the pulse
logo
are trademarks of Broadcom Corporation and/or its affiliates in the United
States and certain other countries. All other trademarks mentioned are the
property of their respective owners.

BROADCOM CORPORATION
Unaudited Pro Forma Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Months Ended
March 31,
2001           2000

Gross revenue                             $   318,118    $   191,591
Cost of revenue                               147,343         78,838
Gross profit                                  170,775        112,753
Operating expense:
Research and development                  108,734         42,566
Selling, general and administrative        38,821         17,505
Income from operations                         23,220         52,682
Interest and other income, net                  7,023          3,425
Income before income taxes                     30,243         56,107
Provision for income taxes                      6,048         11,222
Pro forma net income                      $    24,195    $    44,885
Pro forma basic earnings per share        $       .10    $       .21
Pro forma diluted earnings per share      $       .09    $       .18
Weighted average shares (basic)               249,689        211,217
Weighted average shares (diluted)             280,950        252,577

Pro Forma Only

The above pro forma statements are based upon our unaudited
consolidated statements of operations for the periods shown, with
certain adjustments. The pro forma statement for the three months
ended March 31, 2001 has been adjusted to eliminate a non-cash revenue
deduction of $7.6 million constituting the fair value of
performance-based warrants earned by certain customers; $109.7 million
of in-process research and development expense; $1.5 million of
payroll tax expense on certain stock option exercises; $119.7 million
of stock-based compensation expense related to mergers and
acquisitions ("M&A"); $218.3 million of amortization of goodwill and
purchased intangible assets related to M&A; and $3.0 million of
litigation settlement costs; and reflects a pro forma effective tax
rate of approximately 20%.
The pro forma statement for the three months ended March 31, 2000
has been adjusted to eliminate $3.7 million of payroll tax expense on
certain stock option exercises; $1.3 million of stock-based
compensation expense related to M&A; and $2.9 million of
merger-related costs; and reflects a pro forma effective tax rate of
approximately 20%.

All historical financial information has been restated to give
retroactive effect to acquisitions accounted for using the
pooling-of-interests method.

BROADCOM CORPORATION
Unaudited Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Months Ended
March 31,
2001               2000

Gross revenue                          $   318,118        $   191,591
Less: fair value of warrants
earned by customers (1)                   (7,617)                --
Net revenue                                310,501            191,591
Cost of revenue (2)                        162,952             79,077
Gross profit                               147,549            112,514
Operating expense:
Research and development (3) (4)       109,532             44,772
Selling, general and
administrative (3) (4)                39,404             18,751
Stock-based compensation (5)           115,753              1,228
Amortization of goodwill (5)           200,657                 --
Amortization of purchased intangible
assets (5)                             6,097                 --
In-process research and
development (5)                      109,710                 --
Merger-related costs                        --              2,901
Litigation settlement costs              3,000                 --
Income (loss) from operations             (436,604)            44,862
Interest and other income, net               7,023              3,425
Income (loss) before income taxes         (429,581)            48,287
Provision (benefit) for income taxes       (72,729)             9,658
Net income (loss)                      $  (356,852)       $    38,629
Basic earnings (loss) per share        $     (1.43)       $       .18
Diluted earnings (loss) per share      $     (1.43)       $       .15
Weighted average shares (basic)            249,689            211,217
Weighted average shares (diluted)          249,689            252,577

Notes:
All historical financial information has been restated to give
retroactive effect to acquisitions accounted for using the
pooling-of-interests method.

(1) In connection with certain acquisitions, the Company assumed a
number of purchase and development agreements whereby
performance-based warrants were granted to certain customers. In
each period in which the warrants are earned, a non-cash revenue
deduction for the fair value of the warrants is recorded.

(2) Cost of revenue includes the following:
Stock-based compensation           $     3,897        $        37
Amortization of purchased intangible
assets                                11,578                 --
Payroll tax expense on certain
stock option exercises                   134                202
$    15,609        $       239

(3) Excludes stock-based compensation expense as follows:
Research and development           $    77,480        $       841
Selling, general and administrative     38,273                387
$   115,753        $     1,228
Excludes amortization of purchased intangible assets as follows:
Research and development           $     5,886        $        --
Selling, general and administrative        211                 --
$     6,097        $        --

(4) Includes employer payroll tax expense on certain
stock option exercises as follows:
Research and development           $       798        $     2,206
Selling, general and administrative        583              1,246
$     1,381        $     3,452

(5) Represents non-cash acquisition-related expenses charged to
operations.

BROADCOM CORPORATION
Condensed Consolidated Balance Sheets
(In thousands)

March 31,    December 31,
2001           2000
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents            $   564,790     $   523,904
Short-term investments                    46,129          77,682
Accounts receivable, net                 146,703         172,314
Inventory                                 75,503          52,137
Deferred taxes                            38,511          10,397
Other current assets                      45,980          39,220
Total current assets                917,616         875,654
Property and equipment, net                  154,947         132,870
Long-term investments                        101,446           1,984
Deferred taxes                               255,381         351,937
Goodwill and purchased intangible
assets, net                               3,954,906       3,260,464
Other assets                                  48,612          54,913
Total assets                    $ 5,432,908     $ 4,677,822

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Trade accounts payable               $   116,948     $    78,163
Wages and related benefits                38,496          34,720
Accrued liabilities                      169,929          66,030
Current portion of long-term debt         88,255          23,649
Total current liabilities           413,628         202,562
Long-term debt, less current portion          63,595              --
Shareholders' equity                       4,955,685       4,475,260
Total liabilities and
shareholders' equity            $ 5,432,908     $ 4,677,822

CONTACT:          Broadcom Corp., Irvine
Bill Blanning or Eileen Algaze (media)
949/585-5555 or 949/585-5971
blanning@broadcom.com or ealgaze@broadcom.com
or
Nick Kormeluk (investor relations), 949/585-6932
nickk@broadcom.com
www.broadcom.com

URL:              http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire.  All rights reserved.

-0-

KEYWORD:          CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
NETWORKING
TELECOMMUNICATIONS
EARNINGS

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----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 03:01 PM -----

	James D Steffes
	01/20/2001 05:48 PM

		 To: Jeff Dasovich/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
		 cc:
		 Subject: Analyst Meeting Talking Points

Here are some thoughts for Enron to share with at the Analyst meeting.
Please let me know if you have any additions, changes, or deletions.  What I
tried to put down were the key facts and positions.  If I've missed anything
let me know.  This is not a great story.

Jim

OUR PHYSICAL POSITION IN CALIFORNIA

EES has electricity customers within the territories of SCE, PG&E, and SDG&E
(about 800 MW of usage) [NOTE - CHECK WITH EES].  EES has natural gas
customers within the territories PG&E and SoCal Gas.

Enron does not have any generation in California (we own a small QF in Nevada
but only have 50 MW excess).

We supply power to the Utilities and to our retail load by buying excess in
California or by transmitting power into the state.  Enron sells natural gas
to the LDCs mainly under spot arrangements.

Enron continues to manage the risk by using traditional hedging tools and by
using the full complement of resources of EES - demand reduction, load
shaping, and efficiency improvements.

Transwestern has long-term capacity arrangements with PG&E.

OUR POLITICAL POSITION IN CALIFORNIA / MESSAGES

The current situation (shortages and potential bankruptcy) is not the result
of competitive markets, rather it is the result of barriers to workable
retail and wholesale markets designed into the California deregulation model
(for instance, the overreliance of the Utilities on the spot market, the
residual CTC calculation, incomplete retail tariff unbundling requiring
direct access customers to pay more than their fair share for the Utilities'
common costs).

Enron does not want to see the California Utilities go bankrupt because those
naysayers of competition will use this situation as an argument against
competition.  Enron disagrees.  What it proves is that not finishing the job
of creating real competition can result in problems.

Enron believes that there are workable short-term and long-term solutions for
California.

In the short-term, (1) California must provide credit enhancement or directly
buy power for the Utilities' needs to ensure a stable supply of electricity,
(2) California should incent customers to institute demand reductions, and
(3) California should raise rates to cover reasonable costs so that the
Utilities do not petition for bankruptcy.

In the long-term, (1) California needs to continue its activities to promote
retail competition (and most importantly it must allow real price signals to
be sent to large customers), (2) California should implement the changes that
the FERC highlighted (end the reliance on the spot market, remove
stakeholders on the Cal ISO Board, give the Utilties the ability to recover
wholesale power costs), (3) California must remove unnecessary barriers to
the development of additional generation capacity, and, most importantly, (4)
California must establish reasonable structures so that the Utilities develop
a balanced portfolio of supplies to better manage electricity market
volatility.

California should not get into the business of owning or operating generation
assets or transmission facilities.

California should not stop moving forward with retail competitition which
allows customers to manage price risk rather than some regulator.

KEY ENRON ISSUES IN CALIFORNIA

We do have outstanding deliveries into the California utilities and would be
an unsecured creditor if bankruptcy occurs. We continue to sell to
creditworthy counterparties in Western Power markets. [NOTE - THE AMOUNT OF
RISK IS AN IR ISSUE THEY WANT TO MANAGE].

The PX Credit (and associated negative CTC) continues to be an issue.  Enron
believes that the rate freeze has not yet ended legally and PG&E's and SCE's
tariff requires the Utilities to pay funds to the customer's agent.  We filed
a Complaint Friday January 19 at the CPUC.  We are confident that these funds
will be recovered.  [NOTE - I DON'T THINK WE WANT TO HIGHLIGHT THIS - AGAIN
AN IR ISSUE BECAUSE OF THE RECEIVABLE]


I don't think I saw that happen.

Kathleen Carnahan
09/19/2000 04:50 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Someone at the San Antonio Law Conf.

Like down by the swimming pool with Geneva Holland?  He was sooo tanked I had
Carlos go to take him to his room (but some nice female helped him instead).

To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Someone at the San Antonio Law Conf.

On which day?  I don't recall being any worse than anyone else.

Kathleen Carnahan
09/19/2000 04:12 PM
To: Kay Mann/Corp/Enron@Enron
cc: Carlos Sole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Someone at the San Antonio Law Conf.

Kay,

Would you say that Travis McCullough was just a tad tipsy (to the point of
being intoxicated) at the Law Conference?  Carlos does not believe me.

Kathleen


Dear 2milldesign,

Here's a quick note to confirm your eBay bid!

REVENGE 1990 Rare OOP CD New Order , Monaco (item #1401057823)

Your bid was in the amount of:         $10.49
Your maximum bid was in the amount of: $25.00
The auction closes on:                 Jan-06-01 00:35:02 PST
Web location used:                     http://www.ebay.com
After processing all open bids for
this item, the current bid price is:   $9.99

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*If you placed this bid by mistake, here's what to do:
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of eBay. This type of transaction is against eBay rules and is not covered by
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*If you placed this bid by mistake, here's what to do:
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Hey Harry,

 1. Volatility smile is calculated based on (contract_price - fwd_price).    If we denote this difference as d, then compare it with the volatility smile curves based on the following rules:

   To make it clear, let's assume the volatility smile curve is for -1.5, -1, -0.5, 0, 0.5, 1, 1.5

   a) if d is between the smallest and biggest scale in the curve, namely -1.5 and 1.5, then it is mapped to the closest scalar smaller than it.  This means for d>0, say, d = 1.2, it is mapped to 1;  for d<0, say d= -1.2, it is mapped to -1.5.

   b) if d is greater than the maximum scalar in the curve, it is mapped to the maximum scalar, 1.5 in this example.

   c) if d is less than the smallest scalar in the curve, it is mapped to the smallest scalar, -1.5 in this example.

2.  Volatility smile is calculated in the same way regardless of the deal types.

3.  For Houston deals, volatility smile is always applied.

Sanjay


Sorry - I'll be in NYC that weekend and I believe that's T's big swim meet in
Atlanta.  But thanks for the offer!


Please review the attached outage report.

Colleen Hood
402-398-7124


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This release contains major enhancements, including multi-color lease maps and the ability to create reports on field and reservoir data from a new database product named FieldBaseTM. For more information, visit the Energy Graphics web site  or send an email to bmccallum@energygraphics.com .           Exploration [IMAGE]      [IMAGE]     [IMAGE]  Petrobras Acquires 75% Stake in Block OPL324 Offshore Nigeria  Petrobras has inked a deal for a 30-year contract on block OPL324 offshore Nigeria.  The company would have a 75% interest in the block and serve as operator.  ENI and NNPC Form Exploration Joint Venture  ENI and Nigerian National Petroleum Corp. and formed an alliance to explore for Block 244 offshore Nigeria.  Shell Awards Landmark E?Data Contract  Landmark has been awarded a three-year E?data management contract by Shell.  Landmark will manage over two terabytes of seismic data using the PetroBank system.  Statoil Awards Transocean Searcher Mikkel Work  The Transocean Searcher will be headed to the Mikkel field during the third quarter of 2002 to drill and complet! e three wells for Statoil.    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [IMAGE]  Statoil Orders Two More Carriers for Snohvit  Statoil and its partners have entered into an agreement with K-line and Mitsui for the construction of two new LNG carriers to be used on the Snohvit field in the Barents Sea.  Conoco Acquires Additional Interests Offshore Vietnam  Conoco Inc. announced its agreement with Statoil ASA to purchase a portion of its interests in the $1.3 billion Nam Con Son natural gas project, offshore Vietnam.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  Grey Wolf Increases Credit Faci! lity  Grey Wolf has amended its $50 million credit facility with its existing lender to increase the amount available under the facility to $75 million and extended the term to January 2006.   Wellstream Achieves ISO 14001 at UK Facility  Halliburton's Wellstream business unit achieves ISO 14001 and OHSAS 18001 certifications at its UK facility.  Landmark and SGI Jointly Market GeoProbe Software  Landmark and SGI team up to market the GeoProbe visualization software that was developed by Magic Earth.    [IMAGE]   [IMAGE]  advertisement  A National-Oilwell designed, 1992 built modular offshore drilling rig is available for sale direct from the manufacturer.  This rig drilled only 5 wells from the Draugen platform in the Norwegian sector of the North Sea.  Click on the link below for full details, photos and seller contact information:   http://www.rigzone.com/market/surplus_listing.asp?eq_id=397            Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Devon Energy to Sell Latin American Assets  Devon Energy is planning to sell several of its Latin American assets, located in Argentina and Brazil.  PDVSA to Spend $375 Million Offshore Trinidad  PDVSA plans to spend $375 million over the next three years on a natural gas exploration project offshore Trinidad.  Murphy Plans to Spend $866 Million in 2002  Murphy Oil Corporation announces a capital program of $866 million for 2002, essentially level with spending during 2001.  Energy Partners to Acquire Hall-Houston  Energy Partners has entered into an agreement to acquire Hall-Houston Oil Company in a deal valued at approximately $88.3 million.  Conoco To Dev! elop Deepwater Magnolia Field  Conoco and Ocean Energy to develop the Magnolia Field in the deepwater Gulf of Mexico at a cost of $600 million.  Landmark Awarded Brazilian E?Data Management Contract  Landmark has been awarded a four-year E?data management contract by the Brazilian Geological Service to organize and manage all Brazilian seismic and well E?data on behalf of ANP.  Santos and Esenjay Make Major Gas Discovery in Texas  The Runnells #7 well tested at 22 million cubic feet of natural gas and over 500 barrels of condensate per day.  Sakhalin-2 Reports 22 Percent Rise in Production  A consortium led by Shell reports that production offshore Russia's Sakhalin Island has increased by 22 percent this year from 1.67 million tons to 2.0 m! illion.  Burlington to Spend $1.3 Billion in 2002  Burlington Resources plans to spend $1.3 billion in 2002.  Most of the E?budget will be spent on development programs in Canada, Algeria, the East Irish Sea and the United States.  Petrobras Looking to Increase Production Outside Brazil  Petrobras is in the market to purchase a medium-sized oil company with assets in the Gulf of Mexico.  ExxonMobil Completes Several Wells in the Gulf of Mexico  ExxonMobil Corporation announced the completion of the Hawkes and Timber Wolf exploration wells in the Mississippi Canyon area of the Gulf of Mexico.  Nexen Plans to Spend $1.24 Billion in 2002  Nexen Inc. announced a 2002 capital investment ! program designed to deliver long-term value growth for shareholders.    [IMAGE]   [IMAGE]  advertisement  "From The Rigzone Career Center" I am a 1983 Louisiana Tech Petroleum Engineering graduate with 18 years of Amoco, Conoco and Ocean Energy deepwater drilling engineering  experience.  I have been and would like to continue to be an effective member of a drilling team involved with planning, rig selection, and operational performance measurement.  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Hi, Linda and Sharon:

Please let me know if Russell sent revised worksheets to you guys.  I left a
message for him a few minutes ago.  I know he goes on vacation Thursday.
Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/27/2001 06:55 PM -----

	Tana Jones
	03/27/2001 12:50 PM

		 To: Linda Sietzema/CAL/ECT@ECT, Sharon Crawford/CAL/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT
		 Subject: Questions regarding Confirmations

Linda & Sharon,

My primary job responsibility is to online trading, and right now EnronOnline
is quite a beast of a customer.  Because of that I please ask that you direct
any future questions you may have with respect to confirmations to our two
paralegals who handle the day to day trading, Susan Bailey at x34737 and
Stephanie Panus at x53249.

With respect to the two current Canadian confirmations, Sara Shackleton, an
attorney in our Group, is working with Credit to resolve the questions on the
Slater Steel and Casco credit worksheets.


Enron is in the process of re-negotiating our contract with Dow Jones Interactive and we need to know if you are currently
accessing this data.  In the near future there will be a cost associated with this information and you are currently listed as
having a license.

Please click on the below link and let us know if you need continued access to this service.

http://nahou-webcl1.corp.enron.com/inquisite/DJI/DJI.html

Thank You,
Market Data


You guys are a class act, and we're glad you  brought that to our
soiree.?Hippest bartenders I ever met--
?
Hope the trip was good for you. Keep in  touch--
?
Bobette
?
Bobette Riner
Senior Power Markets  Analyst
TradersNews
713/647-8690
bobette.riner@ipgdirect.com


Francine Carattini Carattini
450 Lexington Avenue
New York, NY 10017
carattin@dpw.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Furthermore, for your wife to appear on the Today Show and state that the house you live in is your only asset is not only a total lie, but also an added insult to the intelligence of the American citizens.  You are the evil, greedy ones.  I hope your ill-gotten gains do not serve you in any good way.  And to think that you would be getting a severance package as well -- this is all too ludicrous to believe.  Do the right thing for once and donate all your assets (other than the house you live in!!) to your employees so that they can get on with their lives and their retirement.

Sincerely,

Francine Carattini

Francine Carattini Carattini


-----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Thursday, January 10, 2002 11:38 AM
Subject:	Minority\Majority Cashout Indices - December, 2001

January 10, 2002

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Minority\Majority Cashout Indices - December, 2001

*****************  NONPENALTY PRICE REFERENCES  *****************

                                MAJORITY            MAJORITY
    FT       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.2570 SELL       $2.01944 BUY        $1.8650 BUY
  Zone 2    2.2840 BUY         2.54984 SELL        2.6700 SELL
  Zone 3    2.3110 BUY         2.67764 SELL        2.7200 SELL
  Zone 4    2.3239 BUY         2.59037 SELL        2.7347 SELL
  Zone 5    2.3810 BUY         2.79276 SELL        2.7998 SELL
  Zone 6    2.4272 BUY         2.82083 SELL        2.8524 SELL

                                MAJORITY            MAJORITY
    IT       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.2570 SELL       $2.01944 BUY        $1.8650 BUY
  Zone 2    2.2840 BUY         2.54984 SELL        2.6700 SELL
  Zone 3    2.3110 BUY         2.67764 SELL        2.7200 SELL
  Zone 4    2.3646 BUY         2.63107 SELL        2.7754 SELL
  Zone 5    2.5667 BUY         2.97846 SELL        2.9855 SELL
  Zone 6    2.7214 BUY         3.11503 SELL        3.1466 SELL

                                MAJORITY            MAJORITY
   FTG       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.2570 SELL 	     $2.01944 BUY        $1.8650 BUY
  Zone 2    2.2840 BUY         2.54984 SELL        2.6700 SELL
  Zone 3    2.3110 BUY         2.67764 SELL        2.7200 SELL
  Zone 4    2.3917 BUY         2.65817 SELL        2.8025 SELL
  Zone 5    2.6905 BUY         3.10226 SELL        3.1093 SELL

                                MAJORITY            MAJORITY
   FTNT      MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 6   $2.3340 BUY        $2.69134 SELL       $2.7200 SELL

For information concerning cashout transactions, please contact
your Customer Services representative or Jane Yang at (713)
215-3462 in the Rates Department.

Stella Yu
Manager - Rate Systems
(713) 215-3381


Kari Dohn.  916.324.3501.

	Tom Riley/Western Region/The Bentley Company@Exchange
	02/12/2001 04:02 PM

		 To: Jeff Dasovich/NA/Enron@ENRON@EES
		 cc:
		 Subject: RE: FW: Top Level Energy Person

Thanks Jeff - do you have Kari's contact information?

Tom

-----Original Message-----
From: Jeff Dasovich/NA/Enron@ENRON@EES  On Behalf Of Jeff
Dasovich/Na/Enron@EES
Sent: Monday, February 12, 2001 1:09 PM
To: Riley, Tom
Cc: Curtis, Michele; Kaufman,Paul; Shapiro,Richard; McCubbin,Sandra;
Mara,Susan
Subject: RE: FW: Top Level Energy Person

I think that it would be best for the Chancellor's office to make the
contact/request, but if you need us to help, then Steve Kean, Rick Shapiro or
I can make a go of it; but again, I think that it would best for the
Chancellor's office to make the invite.

Best,
Jeff

 Tom Riley/Western Region/The Bentley Company@Exchange 02/12/2001 02:58 PM
 To: Jeff Dasovich/NA/Enron@ENRON@EES  cc: Michele Curtis/Western Region/The
Bentley Company@Exchange, Sandra McCubbin/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT  Subject: RE: FW: Top Level Energy Person

Jeff,

Thank you - Kari certainly seems to be an ideal candidate.  Who would the
appropriate person be from Enron to initiate contact with Kari regarding the
request?  Once initial contact is made, I can follow up with details.

Tom

-----Original Message-----
From: Jeff Dasovich/NA/Enron@ENRON@EES  On Behalf Of Jeff
Dasovich/Na/Enron@EES
Sent: Monday, February 12, 2001 11:26 AM
To: Riley, Tom
Cc: Curtis, Michele; McCubbin,Sandra; Mara,Susan; Shapiro,Richard;
Mara,Susan; Kaufman,Paul
Subject: Re: FW: Top Level Energy Person

Hi Tom:

From our contact with the Governor's office, seems that Kari Dohn, formerly
in the Governor's office, and recently appointed Chair of the Electricity
Oversight Board, would be the hands-down best candidate.

Best,
Jeff

 Tom Riley/Western Region/The Bentley Company@Exchange 02/12/2001 01:02 PM
 To: Sandra McCubbin/NA/Enron@Enron  cc: Jeff Dasovich/NA/Enron@Enron, Susan
J Mara/NA/Enron@ENRON, Michele Curtis/Western Region/The Bentley
Company@Exchange  Subject: FW: Top Level Energy Person

If any of you have ideas on this, please respond ASAP.  As you may know, I
sit on the CSU Foundation Board of Governors, accountable to Chancellor
Reed.  Anything we can do to support the upcoming meeting will go a long way.

Regards, Tom

-----Original Message-----
From: "Patricia Linn" <plinn@calstate.edu>@ENRON@EES
Sent: Wednesday, February 07, 2001 2:13 PM
To: <tom.riley@enron.com>
Subject: Top Level Energy Person
Importance: High

Greetings Tom, in preparation for our upcoming Board of Governors' meeting,
I would like to ask you for your help in getting a speaker for the evening.
The March 11 (Sunday) Board meeting in Sacramento is focused around CSU
Legislative Day scheduled for Monday, March 12.  The Board meeting is
scheduled to begin at 4:00 pm followed by a dinner.  We will invite the CSU
Trustees to attend the dinner along with other key CSU leaders; we normally
have about 30-40 individuals attend the dinner.

This year, we would like to invite someone from the Governor's office to
come and talk a little about the energy crises in California.  Can you help
us identify someone in Davis' administration that may be interested in
speaking to this distinguished group of individuals?

Again, briefly,
Meeting date/time:  Sunday, March 11, 2001 at 4:00 pm; dinner is scheduled
for 6:45pm; in Sacramento.

I look forward to hearing from you soon.

Patricia Castillo Linn, CFRE
Senior Director, Advancement Programs
 and Vice President, CSU Foundation
The California State University
Office of the Chancellor
401 Golden Shore, 6th Floor
Long Beach, California 90802-4210
562/951-4821
562/951-4983 FAX

 - winmail.dat << File: winmail.dat >>


sorry i am so late in returning the e-mail, but have been on vacation since last wednesday.  as far as enron, it looks like another down day today on the open.  i hate to tell you to sell now, but i wouldn't want to own enron right now.  i could see enron moving down to the teens much easier than moving up to the thirties.  i might just sell now and look to buy back lower.

let me know what you think

-e

-----Original Message-----
From: Larry Bass [mailto:lwbthemarine@alltel.net]
Sent: Thursday, October 18, 2001 11:29 AM
To: Bass, Eric
Subject:

Good morning. Do you have any advice about whether I should unload ENE? Seems it cannot take a forward step without then taking 3 steps back. I have never seen a company so effectively shoot itself in the foot. What do you think?-L


Here's a copy of the presentation I made last week.  Enjoy!


On Equitrans - please match deal 136019 with 204769.

Thanks


Dear Michael,

Hello! Thank you for inquiring about your User Name and password for your Energy News Live Account.

Our Records indicate that your User Name and Password are as follows:

mcarson vfr45tgb

Please let us know if we can be of further assistance. And thank you for using ENL!

Sincerely,

Energy News Live Customer Service


----- Forwarded by Tana Jones/HOU/ECT on 05/30/2000 07:16 PM -----

	Tom Moran
	05/30/2000 06:09 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON,
Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT
		 cc:
		 Subject: EOL / Credit / GCP Responses 5/30/00

Please find attached Credit's EOL responses for 5/30/00

Regards
tm


Just  a reminder we have a meeting with Lynn from Westcoast today to go over the supply picture for BC.  We will be meeting in the main boardroom @ 2:00 Please let me know if there is going to be a problem.


Boyd,

I am not sure you have seen this agreement.  If you haven't, please give it a
look for "fatal flaws", or information you think we need to be informed.

Thank you,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/14/2000 05:56
PM ---------------------------

	From:  Gregg Penman                           07/13/2000 11:24 AM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: The Peoples Gas Light Company

Kay - Sounds like Jeff is okay with the affiliate Master Purchase Sale
Agreement from an Enron transactional point of view.  As this document will
be filed with the ICC, I want to make sure that Boyd is agreement.  Assuming
Boyd gives the all clear, we need to decide if we intend to file this right
away or wait for the Hub Agency Agreement to be completed and make a joint
filing.  However, I am cautiously optimistic that we are not too far apart on
the Hub Agreement.  We had a commercial meeting yesterday and despite the
obstacles presented by my supposed MEH partner, Roy, I think we made some
headway.

Talk to you later,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 07/13/2000
11:14 AM ---------------------------

Jeffrey T Hodge@ECT
07/13/2000 11:07 AM
Sent by: Jenny Helton@ECT
To: Roy Rodriguez/Corp/Enron@ENRON
cc: Stacy E Dickson/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Gregg
Penman/Corp/Enron@Enron@ECT, Sheila Tweed/HOU/ECT@ECT
Subject: The Peoples Gas Light Company

Attached is a memo regarding the above.


Gentlemen,

In keeping with our tradition, please come to tomorrow's breakfast meeting
prepared to write down some of your New Year's resolutions, seal them in an
envelope (which will be provided) so that they can be mailed to you
mid-year.  I suggest dividing resolutions into categories that are
spiritual, mental, physical and social.

Under "spiritual" examples of resolutions could be daily prayer time and
Bible reading or attending certain classes or reading certain books to gain
in Christian maturity.  You may even want to set a goal of mentoring a
younger Christian as they develop in the faith.

I look forward to seeing you tomorrow.

Best regards,

Jack

Jack I. Tompkins
Chairman
ARTA Equity Advisors, LLC
South Tower Pennzoil Building
711 Louisiana   Ste. 1740
Houston, TX  77002
713/223/5801
Fax: 713/223/5825

-----Original Message-----
From: kdrouet [mailto:kdrouet@iexalt.net]
Sent: Thursday, December 27, 2001 4:16 PM
To: William G. Trulove; Walter A. Saunders, Jr.; W. F. Mosley; Ted
Martin; Stephen Diserens; Stan Coffee; Robert N. Dietz ; Ripley E.
Woodard, Jr.; Ray Daugbjerg; Rand R. Wall ; R. Oliver ; R. Christopher
Wyatt ; Peter Lind; Peter Forbes ; Paul Widener ; Patrick McSpadden;
Mikewing@letu.edu; Michael Berry; Mark Lay; Marcus Watts ; Leo Linbeck,
Jr.; Lee Pardue, II ; Kyle Bergeron ; Kirwin Drouet; Ken Lay ; Jon
Gilchrist; Joel Tietjens ; Joe Richardson ; Jim Wise ; Jim Carroll;
James Shirley ; Jack Tompkins; Jack Miller ; J. Wise ; J. Evans Attwell
; George Reid; Frank Vandiver; Frank Hawthorn; Dub Wilson; Drew
Cressman; Dennis McGuire ; David Smith; David Cullum ; D. Stephen
Goddard, Jr. ; Charles W. Hall ; Bruce J. Harper ; Bill Wright ; Bill
Piernot; Barry Flynn
Subject: Houston Christian Business Group--January Notice

Houston Christian Business Group
> >
> >
> >
> > PLEASE NOTICE---   January MEETING IS IN THE POOL ROOM
> >
> > Gentlemen:
> >
> > Please don't forget our next meeting, which is scheduled for next
> Thursday,
>   January 3rd. Our meeting will be at the usual location and time, in the
> POOL ROOM: River
> > Oaks Country Club from 7:30 to 8:30 AM. If you can, come a few minutes
> early
> > for coffee and Christian fellowship. Consider
> > bringing a friend (there is no charge for first time attendees).
> >
> > Out topic for December is:  How Now Shall We Live?
> >
> > Please RSVP (positives only) by email to: arta@houston.rr.com
> > If you know of any of our members who are not receiving our monthly
email,
> > please let me know and please tell them about the January meeting.
> >
> > Take advantage of this opportunity to mark your calendars for our
monthly
> > meetings. Mark the first Thursday of each month.
> >
> > In His name,
> >
> > Jack
> >
> > Pennzoil Place--South Tower
> > 711 Louisiana, Suite 1740
> > Houston, TX  77002
> >
> > 713-223-5800
> > 713-223-5049fax
> >
> >


Paul,

Put me down for a 21" and a 19" if there's availability.

diana

 -----Original Message-----
From: 	Kane, Paul
Sent:	Wednesday, October 24, 2001 8:32 AM
To:	DL-Portland World Trade Center
Subject:	Monitor Sale

All,

We will be offering monitors for sale again in the Portland Office.  We have a variety of monitors for you to choose from.

Older 17' units - $10
Newer Compaq 17' units - $20
Older 21' units - $25
Newer Compaq 19' units - $35

Please respond to this email with the type of monitor you would like to purchase.  Will have a lottery type drawing on Friday Morning. By Friday afternoon, you will be notified that you can come by and pick out your monitor. We need to have all monitors picked up and removed my Friday the 2nd. After that, all remaining monitors will be donated to charity.

Regards,
Paul Kane
Portland IT


FYI

---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99
12:17 PM ---------------------------

Lee Munden
05/24/99 11:52 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: Re: Sempra

Jeff

I have spoken with Carl and agreed to send him a draft Master gas sales
agreement, together with ISDA documentation based upon the agreement that
Carl says is already in place with ECT Houston.

Lee

To: Lee Munden/LON/ECT@ECT
cc:
Subject: Re: Sempra

Do you anticipate doing trades with Sempra in the future?  Please see below
which indicates Sempra's desire for a master if that is the case.  Please let
me know.
713-853-5294.

Thank you,
Jeff Sorenson
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99
10:06 AM ---------------------------

Tanya Rohauer
05/24/99 10:03 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: Re: Sempra

I suspect they plan to do deals there as they are trying to get Enron Corp to
guaranty the UK entities.  Talk to Lee Munden (London Credit) as he has been
managing the Sempra relationship over there.

Thanks,
Tanya

To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: Sempra

Do you anticipate future ECT International deals with Sempra?

Thanks,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 05/24/99
09:53 AM ---------------------------

Sara Shackleton
05/24/99 09:15 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: Re: Sempra

Credit needs to initiate (and it may have to be London credit) but Tanya
Rohauer will know.  FYI - London told us that Sempra "will not trade with ECT
International."   SS

To: Sara Shackleton/HOU/ECT@ECT
cc: Mary G Gosnell/HOU/ECT@ECT
Subject: Sempra

If we anticipate having to document any trades under ECT International Carl
Petersen is going to want a Master set up with that entity.  Who needs to
initiate that?

Thanks,
Jeff


I have reviewed the schedule and have a few questions/comments - nothing
major.  I have left a voice-mail for Alicia and will be happy to deal with
her directly if you want.


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Charles - I am preparing the November update for Jim, and was wondering if there are any new activities in the last few weeks that you would like to report to him.  I have attached your previous update, so if there have been any changes or new events please let me know.

Thanks, Bryan

 -----Original Message-----
From: 	Yeung, Charles
Sent:	Monday, October 08, 2001 3:16 PM
To:	Gottfredson, Bryan
Subject:	RE: GA Monthly Update

 -----Original Message-----
From: 	Gottfredson, Bryan
Sent:	Monday, October 08, 2001 9:35 AM
To:	Yeung, Charles
Subject:	GA Monthly Update

Charles - This is what I have, as of your Sept. 5th report.  Please make any changes, or additions/subtractions that you feel are necessary for the Oct.5th update.  Thanks for your help.

 << File: Charles.xls >>

Thanks, Bryan


Hi Jason

Just checking in to see how it is all going for you in the Trading Track?

Thx. Karen.


fyi
---------------------- Forwarded by Rick Buy/HOU/ECT on 01/17/2001 01:00 PM
---------------------------
From: Joseph Deffner/ENRON@enronXgate on 01/17/2001 11:24 AM
To: Rick Buy/HOU/ECT@ECT
cc:
Subject: RE: Space on 28

Rick, our plans are to stay on 28 until we move across the street when the
building opens (July?). Thanks.

 -----Original Message-----
From:  Buy, Rick
Sent: Wednesday, January 17, 2001 8:37 AM
To: Deffner, Joseph
Subject: Space on 28

Are your plans to stay on 28? We are doing some planning on office space. I
have some people in 3 Allen that I would like to move over here but it is not
a big issue. I had heard that you were moving. Tx Rick


As we work through all the assumptions on the 10 year Plan info for Stan, it would be helpful if I (or a member of my staff) could be involved in the specific discussions as to what the assumptions are that are being considered. Although we have been involved in some of those meetings it appears that significant changes have been made at the last minute without ever being discussed with the Commercial Group. If I am to be responsible for answering questions as to the details then I would like to provide input prior to any future meetings with Stan on these issues.

There are several areas that I would like to sit down with you to discuss:

-First, I would like to see the forward curves used to price capacity from '06 going forward;

-Once we have the forward curves from now to '06, I would like to see those also (if we thought those prices didn't look good then how do we justify assuming resubscription at Max rates going forward?) Is Max for both East and West capacity at the same time a good assumption? The market has never allowed that kind of deal structure;

-What expansion scenarios are we assuming? I understand that they were changed sometime today yet I was not told what is in the current plan;

I would like to be able to put together the most beneficial and realistic plan for TW going forward as we all have the same interests in mind. Thanks.

Steve


How goes it?  I'm in Chicago right now.  I am back in Houston tomorrow.  I'll
follow up then.  See ya.

DG


Here is the electronic form of the agreement.  Thanks for your help,  Bob


We have received the executed Non-Disclosure Agreement between Idea
Integration Corp. (d/b/a Idea Integration) and Enron Net Works LLC and
EnronOnline, LLC dated 11/9/00.  A copy will be sent to Dave Samuels.


how's it going?

just thought i would check in and see how you were?  you were
right, my mom said i did received the $1100, pre-tax, so actually
$700. oh well, at this point money is money. priya just found out
she was accepted to SAIS at Johns Hopkins so she has been
frantically looking on the internet for jobs for me in DC. it is one of
the places that I am interested in relocating to but am also looking
in boston and northern california as well. have you heard anything
from the KC, Cincinnati, or Chicago jobs?

hope all is well. i miss you all tons. oh, starting to finalize travel
plans for the summer and it looks like niclas and i are going to be
meeting in Europe somewhere for about 5-7 days. he's mentioned
skiing in the swiss alps and italy? i am sure i wont be lucky
enough for it to work out, but we will see. talk to you soon,
lisa


The following expense report is ready for approval:

Employee Name: Anne C. Koehler
Status last changed by:  Automated Administrator
Expense Report Name: Anne Koehler
Report Total: $2,219.98
Amount Due Employee: $2,219.98

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Steffes		50/50
Nicolay			25/25

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


John, I maybe "seeing ghosts" but the prospects of us getting paid under the current form of paper are remote. As per my voicemail, the following changes need to made:

1. Performance Bonuses - needs to be small caps (ie performance bonuses)
2. remove the words "to be provided to you under your existing bonus opportunity" so the sentence reads " This memorandum describes performance bonuses for calendar year 2001 performance..."
3. after affiliate, insert " or any of the respective successors, assigns, representatives, trustees or administrators"
4. specify "U.S $"


Mark,

Please send me your wife's e-mail address again.  I have some info. for you.

Bill


I have never seen the language requested before and have not signed off on
it.  Rob Taylor and I only discussed the concept because I had never seen a
draft of the Consent until a signed copy was delivered to me yesterday.

>>> <Kay.Mann@enron.com> 12/14/00 08:47AM >>>

This language is different that what GE was told was requested before.  I
am more comfortable going back to GE with what was requested previously.

Kay

"Timothy Oxley" <TOxley@winston.com> on 12/13/2000 08:38:52 PM

To:   <Kay.mann@enron.com>
cc:   <robtaylor@andrews-kurth.com>

Subject:  GE Release

Pursuant to the request of Rose Engeldorf, the following is the
suggested language for insertion into the GE Consent:

"Each of GE Packaged Power and GE acknowledge that WestLB is a third
party beneficiary of this Consent and shall be entitled to enforce its
provisions against GE Packaged Power and GE, respectively, as if a
party to this Consent."


Jaime,

Have you tried Gus Luna or Debbie Keller with Edison Mission? Gus was handling the actual transactions. I kept my own calculations of the settlement amounts but Gus should have copies of the settlement invoices from Enron.

Paul

 -----Original Message-----
From: 	Sanabria, Jaime
Sent:	Wednesday, May 09, 2001 10:25 AM
To:	Y'Barbo, Paul
Subject:	Year 2000 Hedging Gains
Importance:	High

Paul:

I need to get some hard evidence (paperwork) that subtantiates the gain collected by Eco Holdings on the LPG hedging contracts for the year 2000. I do have copies of the contracts, but for audit purposes we need to have probably the worksheet where we signed off with Enron as to the amounts collected. Who can I talk to to get this?


Zimin,

Can you call Cantekin to discuss the details?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
08:44 AM ---------------------------

Vince J Kaminski
09/18/2000 05:50 PM
To: <cantekin@mail.utexas.edu>
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: part-time work

Cantekin,

I shall call you tomorrow to discuss the details.

Vince

"Cantekin Dincerler" <cantekin@mail.utexas.edu> on 09/18/2000 02:59:41 PM
Please respond to <cantekin@mail.utexas.edu>
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: part-time work

Hi Vince,

I promised to get back to you on the part-time work issue. Sorry for the
delay, I got back to Austin only last week. I talked to Ehud about this and
he is OK with it. Just wanted to let you know.

Best,

 ---------oOOo-----oOOo----------
Cantekin Dincerler

Doctoral Candidate
The University of Texas at Austin
Graduate School of Business
Department of Finance
office: (512) 471-1676
fax   : (512) 471-5073
home  : (512) 472-5356
cell  : (512) 680-5355
http://uts.cc.utexas.edu/~cantekin
 -------------oooO-----Oooo----------


Kim -
Can you set me up for 5 minutes with John next week?
Thanks for your help. -----Original Message-----
From: Lavorato, John
Sent: Thursday, July 19, 2001 2:45 PM
To: Gossett, Jeffrey C.
Subject: RE: Simulated Trading

come and see me about this when I come back.
-----Original Message-----
From: Gossett, Jeffrey C.
Sent: Wed 7/18/2001 10:56 AM
To: Lavorato, John; Allen, Phillip K.; Shively, Hunter S.; Neal, Scott; Arnold, John; Martin, Thomas A.
Cc: Puthigai, Savita; Moorer, Torrey
Subject: Simulated Trading

The front end of the simulated trading in EOL is set up now. In order to get all the bridging done into the downstream systems (TAGG), it looks like Monday, July 30th is the latest that the deals will be able to bridge directly into the system (hopefully sooner). There are a few more details I need from you guys.
1. It appears that the desk heads are also going to have a simulated book. Will these books be used to trade other commodities, and do they need to be calced by other commodity groups risk groups?
2. Is there anyone besides the desk heads and trading track people that we will need to set up books for beyond the ones that we have already talked about?
Thanks


During the course of their investigation, Special Agents from the Federal Bureau of Investigation will be taking documents they believe may be important for their investigation from employees' offices.  The FBI has agreed to return copies of such documents.

In addition, should you have an immediate need for a document requested by the FBI, please make a copy of the specific document and give the original to the FBI. Thank you for your cooperation.


SBX 27 (Bowen), regarding direct access, failed passage on the Senate floor
on a vote of 23-11 (the bill has an urgency clause and requires 27 votes).
Senator Peace was the only Democrat to vote against the bill.  Senator Peace
spoke against the bill for five minutes during which time he, in a very
emotional state, blamed Enron for the energy crisis, claimed Enron's version
of direct access means only small customers pay for lines and other similar
charges, is trying to ruin the Japanese energy market, is running the
proceedings in Washington where it has already admitted its guilt, and is
looking for another opportunity to steal from California consumers.  Two
Republicans spoke against the bill but their comments more or less focused
on DWR's contracts.  One Republican tried to insert a hostile amendment in
the bill to establish a version of the windfall profits tax on municipal
utilities.  The amendment failed passage on a party-line vote with the
exception of a vote in support from Senator Peace.

In her close, Senator Bowen indicated that the viability of direct access
would be tied to amount of power purchased by DWR.  She characterized DWR's
contracts as outrageous, but expected, given that they were purchased in
duress out of sheer necessity.  Senator Bowen did request reconsideration of
the measure.


Alain and I are meeting for a little drink (maybe dinner too) tomorrow after
work.  I won't be in the office tomorrow.

Alain, my pager number is 1-800-978-1788.  You can leave a voicemail or a
numeric message.

I will call you tomorrow afternoon around 3 or 4 pm.


http://multimedia.lycos.com/search.asp?type=all&idx=all&for=all&query=Jay+Leno
&ff=on


> -----Original Message-----
> From: djenergy
> Sent: Friday, January 26, 2001 4:17 PM
> Cc: Onukogu, Ernest
> Subject: DJ NP 15/SP 15 Electricity Price Index
>
>  <<NP 15 pages.xls>>  <<SP 15 pages.xls>>

 - NP 15 pages.xls
 - SP 15 pages.xls


<<...OLE_Obj...>>

"1st Monthly Happy Hour"

@
The State Bar & Lounge
Downtown Houston
909 Travis
  (between Texas and Prairie)

Thursday, May 10
5pm - 8 pm

So come down, bring a colleague
and join us for Complimentary Food and Drink!!

CONFIDENTIAL: This e-mail, including its contents and attachments, if any,
are confidential. If you are not the named recipient please notify the sender
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Tom,

We play as a group from time at the West U location.

Would you like to take lead and organize another outing.
Family members are invited and we order a BBQ lunch
following the game.

Vince

Tom Barkley@ENRON
04/10/2001 05:23 PM
To: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Joseph Hrgovcic/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Osman
Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON,
Alex Huang/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Tom Halliburton/Corp/Enron@Enron, Elena
Chilkina/Corp/Enron@Enron, Sevil Yaman/Corp/Enron@Enron, Sofya
Tamarchenko/NA/Enron@Enron, Bob Lee/NA/Enron@Enron, Gwyn
Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Youyi Feng/NA/Enron@Enron, Praveen
Mellacheruvu/HOU/EES@EES, Stephen Bennett/NA/Enron@ENRON, Roman
Zadorozhny/HOU/EES@EES, Lance Cunningham/NA/Enron@ENRON, Leann
Walton/NA/Enron@ENRON, Shane Green/HOU/EES@EES, Seksan
Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT, Nelson
Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Rakesh
Bharati/NA/Enron@Enron, wnarongw@enron.com, iris.mack@enron.com, Mitra
Mujica/ENRON@enronXgate, Anguel Grigorov/HOU/EES@EES, Kenneth
Deng/HOU/EES@EES, Dayne Zimmerman/HOU/EES@EES, Shalesh Ganjoo/HOU/ECT@ECT
cc:
Subject: Spring Fever Volleyball Tournament - More Info

The message below relates to a volleyball tournament that will be held at the
end of the month. If you are interested in being part of a Research Group
team, please let me know ASAP, so that we could form a team and even practice
(!?) a time or two. I am told that most of the teams entered are in the
"social" category - we would be going to have fun, not a serious competition!
Please note also that the teams entered must be coed, so we need Ladies as
well as Gents.

Thanks,

Tom

Subject: Spring Fever Volleyball Tournament - More Info

What:  Enron Volleyball Association Spring Fever Outdoor Tournament

When:   April 28, 2001
   8:00am - 4:00pm

Where::  Third Coast Volleyball Club
   5652 Forney (1 block west of Hillcroft at Harwin)
   For directions, check out:  http://www.thirdcoastvolleyball.com/Map.htm

Format:  2 brackets - coed 4s and 6s - You can not play in both brackets
   50/50 Enron/non-Enron (at least 50% of your team must be Enron employees -
includes family members & contractors)
   No exceptions to the 50/50 rule!

Coed 4s:  You must have at least 1 female player
   Minimum of 3 players per team

Coed 6s:  You must have at least 2 female players (if there are only 5
players, you need only 1 female)
   Minimum of 5 players per team

Registration:  Please submit the following information to me by April 25th:
Bracket (4s or 6s)
Team Name
Team Captain and contact info
Team roster (indicate Enron employees)

FEE:   $30 per team, regardless of bracket
   Fee can be paid on the day of the tournament

Captain Meetings: There will be two captain meetings:  Thursday, April 12th
at 3pm in EB9C1 and Monday, April 23rd at 3:30pm in EB9C1.
   More information regarding tournament rules will be available at these
meetings.

Food and drinks will be provided.  Please feel free to pass this information
on to anyone else interested.

Non-Enron players: Please let me know if you're interested in playing and I
can put you on a team commensurate with your skill level!

Call me if you have any questions!

Traci


Enron has agreed that the key issue is to focus on solving the S-T buying
needs.  Attached is a spreadsheet that outlines the $ magnitude of the next
few months.

TALKING POINTS:

Lot's of questions about DWR becoming the  vehicle for S-T buying and there
is a significant legal risk for it becoming the vehicle.  WE DO NEED
SOMETHING TO BRIDGE BEFORE WE PUT IN L-T CONTRACTS.
Huge and growing shortfall ($3.2B through March 31, 2001)
The SOONER YOU CAN PUT IN L-T CONTRACTS STOP THE BLEEDING.
Bankruptcy takes all authority out of the Legislature's hands.

ACTION ITEMS:

1. Energy Sales Participation Agreement During Bankruptcy

Michael Tribolet will be contacting John Klauberg to discuss how to organize
a Participation Agreement to sell to UDCs in Bankruptcy while securing Super
Priority.

2. Legislative Language for CDWR (?) Buying Short-Term

Sandi McCubbin / Jeff Dasovich will lead team to offer new language to meet
S-T requirements of UDCs.  Key is to talk with State of California Treasurer
to see if the $ can be found or provided to private firms.  ($3.5B by end of
April).  Pat Boylston will develop "public benefit" language for options
working with Mike Day.  He can be reached at 503-294-9116 or
pgboylston@stoel.com.

3. Get Team to Sacramento

Get with Hertzberg to discuss the options (Bev Hansen).  Explain the
magnitude of the problem.  Get Mike Day to help draft language.

4. See if UDCs have any Thoughts

Steve Kean will communicate with UDCs to see if they have any solutions or
thougths.  Probably of limited value.

5. Update List

Any new information on this should be communicated to the following people as
soon as possible.  These people should update their respective business units.

ENA Legal - Christian Yoder / Travis McCullough
Credit - Michael Tribolet
EES - Vicki Sharp / Don Black
ENA - Tim Belden / Philip Allen
Govt Affairs - Steve Kean / Richard Shapiro


Phillip,

FYI  I will be on vacation from 9/22 until 10/11.

See you in two weeks.
Robin


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/31/00 08:26 AM -----

	"MURIEL McFARLING" <MCFAM@andrews-kurth.com>
	08/30/00 09:03 PM

		 To: <alan.quaintance@enron.com>, <Brenda.L.Funk@enron.com>,
<carol.st.clair@enron.com>, <charles.delacey@enron.com>,
<Clement.abrams@enron.com>, <David.roland@enron.com>,
<gina.karathanos@enron.com>, <Joel.ephross@enron.com>,
<tina.livingston@enron.com>, <trevor.randolph@enron.com>,
<trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>,
<tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>,
<kenton@rlf.com>, <mark.wolf@us.cibc.com>, <mercedes.arango@us.cibc.com>,
<schottla@us.cibc.com>, <aroberts@wilmingtontrust.com>
		 cc:
		 Subject: Enron/Tahiti

In connection with the Tahiti Transaction, attached  in WordPerfect format
are each of the following documents marked against the previous version
circulated last night.  The remaining documents have not been revised.

Trust Agreement of Tahiti (254424)
Beneficial Interest Certificate (254806)
Series Supplement Creating Series Z (254816)
Tahiti Series Z Certificate issued to Fiji Z (254975)
Promissory Note from Tahiti (254802)
Amended and Restated LLC Agreement of Fiji Z, L.L.C. (254423)
Promissory Note from Fiji to Tahiti (254977)
Promissory Note from Bora Bora to Fiji (254979)
Sale and Auction Agreement (255084)
Assignment of Bali Promissory Note to Fiji (255717)
Trust Agreement of Bali (255146)
Reimbursement and Disclosure Agreement (255563)
Promissory Note from Bali to Bora Bora (254981)
Certificate Distribution Agreement (255568)
Subscription Documents (255729); and
Direction Letter to Owner Trustee of Bali (254980)

If you have any questions or comments, please call Muriel McFarling or David
Barbour at (713) 220-4242 as soon as possible.  Thank you.

Muriel C. McFarling
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, Texas 75201
(214) 659-4461
(214) 659-4784 (fax)

 - 254979.wpd
 - 254424.wpd
 - 254802.wpd
 - 254806.wpd
 - 254816.wpd
 - 254975.wpd
 - 254977.wpd
 - 254423.wpd
 - 254980.wpd
 - 254981.wpd
 - 255084.wpd
 - 255146.wpd
 - 255563.wpd
 - 255568.wpd
 - 255717.wpd
 - 255729.wpd


We are checking the status of two documents sent to you last week:

(1) GSP LLC Action approving Merrill Lynch as Trustee.  This was sent to David and Cynthia on June 14th and needs to be signed by the appropriate person at Enron (we understand that Enron is the sole member of GSP, LLC).

(2) Pension Investors Corp Intake Form.  This was sent to Louis and David on June 14th and needs to be completed and e-mailed or faxed to me or Pension Investors Corp.

Please return both documents as soon as possible.

Thanks,
Ann

_______________________________
Ann E. Murray
LeBoeuf, Lamb, Greene & MacRae
50 N. Laura St. Suite 2800
Jacksonville, FL 32202
Telephone:    (904) 630-5336
Fax:   (904) 353-1673
E-mail:   amurray@llgm.com
_______________________________

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================


Kim

The level "A" (30% ?) to construct a new interconnect between TW and  Questar at suction side of San Juan are as follows:

Facility requirements:

Tap/ Side-valve	( $75,000)
12" Ultra-Sonic meter
Flow control-valve with positive shut-in
Install fence-site
Meter Building
Chromatograph
EFM& SCADA

Costs:

Material costs:			$240,000
Contact, inspection		$135,000
Eng and project management
Contingency			$50,000
OH and AFUDC			$20,000

Total				$520,000

If you have any questions please call.

Mansoor


After having conducted our first of several business reviews, Enron Global
Markets - Office of the Chairman would like to outline the following
organizational changes effective immediately.

The Global Risk Markets group under Jere Overdyke illustrates enormous
opportunities given the size of those businesses.  To better focus on the
different commercial functions and to capture market share and value, the
group is being realigned.  Jere will continue to manage Global Risk Markets
and build on our insurance capabilities.  Mark Tawney is responsible for our
weather business and will now report to the EGM Office of the Chairman.

Brent Price will be joining Enron Global Markets as Vice President of
Operations and Chief Accounting Officer.  He will report to the EGM Office of
the Chairman, and to Sally Beck, Vice President of Global Risk Management
Operations.  In his role as Chief Accounting Officer, Brent will also report
to Rick Causey, Executive Vice President and Chief Accounting Officer for
Enron Corp.  Reporting to Brent in his new position will be Sheila Glover,
business controller for Financial Products; Todd Hall, business controller
for weather; and Scott Earnest, business controller for global products and
coal.  In addition, Tom Myers will join Brent's management team as Director
of Accounting.  Brent and his team are responsible for all accounting, risk
reporting and trading operations for all the businesses within EGM.

Cindy Skinner will join the Enron Global Markets team with responsibility for
Human Resources.  She will also report to David Oxley and the HR organization.

Please join us in congratulating everyone in their assignments.


Vince,

  Thank you very much.

   I figoured how to compile the exotica dll already -- with the security check.

  Sean


Vasant,

Thanks. Let's contact Wharton next week.

Vince

From: Vasant Shanbhogue/ENRON@enronXgate on 04/25/2001 10:15 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Nelson Neale/NA/Enron@Enron
Subject: Corn Subsidy Govt Program Analysis

Hi Vince,

 Nelson and I had a meeting yesterday with the Ag Desk folks on how to go
forward on the analysis and presentation for this program.  The consensus
from the Ag side was that the choice of university will be highly politically
driven, ie preferably the university should be from a state that has close
ties to sympathetic senators or other political figures.  Also it is
preferable if the university faculty have worked on Ag issues before, lending
more credibility in the Ag community.  The names that came up were
Mississippi State and Texas A&M.  Nelson knows of a person at Mississippi
State who worked with the USDA on risk management issues.
 The needed analysis itself is not necessarily very deep, and the focus is
primarily to get a non-quantitative presentation out that outlines how Enron
can take on the downside risk of local crop prices (Enron probably needs to
cover actual local prices and not simply an index because I do not think the
govt will want to worry about basis risk).
 The pilot program itself will be very small, and lends itself to continuing
down the path of short term trading rather than long term origination.
Another thought on hedging our potential short positon (on the origination
side) is that the govt program can only provide a partial hedge to the extent
of the premium received -- we still have unlimited downside from the short.

Vasant

p.s. I am writing up Jim Bouillion's project suggestion as a potential
project for Wharton.  Of course, we may still ask Wharton for their insights
on the corn price protection approach.


Per my voice mail to each of you.  Jim
---------------------- Forwarded by James Derrick/Corp/Enron on 10/02/2000
08:49 PM ---------------------------

Adrian Montague <Adrian.Montague@partnershipsuk.org.uk> on 10/02/2000
05:16:44 AM
To: "'james.derrick@enron.com'" <james.derrick@enron.com>
cc:

Subject: Personal

Dear Jim,

Following our discussion last week, I am attaching a letter describing the
sort of position I am seeking, together with a detailed resume.  I've seen
John Wakeham, and given him a copy of the letter.  A signed copy of the
letter follows.

You probably don't have my up-to-date contact details:

Telephone:  Office - Switchboard 44 20 7273 8383;  Secretary (Carole) 44
20 7273 8357;  direct 44 20 7273 8341
       Home  44 1582 881334

E-Mail:   Office - adrian.montague@partnershipsuk.org.uk
        Home - adrian.montague@talk21.com

Fax:  Office - 44 20 7273 8367
  Home - 44 1582 881201

Once again, many thanks for looking into this for me.

Best wishes

Adrian

 <<jim derrick.doc>>  <<enroncv.doc>>

 - jim derrick.doc
 - enroncv.doc


this is the move i was talking about.   v/x implicitly trading 5.5 right now
because cal 2 is weak.  some sell side deal got done there but jv is strong


Steve:
A friend of mine from Kinder/Morgan called and they had a deal fall through
on them that was designe dfor 4 LM 6000's.  They have 2 MVA transformers, 3
breakers and switchgear and bus work equipment that they are looking to get
rid of. Please let me know if you guys are interested.  Thanks!
Ben


My information looks ok.  Thanks.  Michelle Cash


We had a deal with Beaumont in Sep00 .... Sitara 380722.  There are swing
(380725) and buyback (380727) tickets associated with this deal.

For the three days September 16, 17 and 18 ONLY, any volumes over 20,000
MMBtu per day need to go to a DIFFERENT swing deal ticket, with a different
counterparty.  I've set this deal ticket up - it is Sitara # 423794

Sorry to make y'all go back and re-assign volumes.

Let me know if any problems or questions.

Lee
ext. 3.5923


If we go to Las Vegas for Thanksgiving, we probably can't meet you. Julie is waivering on Las Vegas though. I'll call.

 -----Original Message-----
From: 	Mrmslane@aol.com@ENRON
Sent:	Friday, November 09, 2001 10:53 AM
To:	Sanders, Richard B.
Subject:	Re: What a true mess.  I have been thinking about you

Very sad.

Hey, yall really need a break from Houston.  Any chance you want to meet us
at the Perd next weekend.  I would do all the grocery shopping.....to make it
easy for you and Julie to get the kids out of town.  We have not seen you
forever....and I have not been to the Perd since July.

I transferred the bunk beds out there, but they still need to be put together
and in a room.

It would be the 16 and 17


USA: INTERVIEW-EnronOnline sees volume growth, CEO says.
By Gelu Sulugiuc

07/17/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, July 17 (Reuters) - As most players in a shrinking pool of online
energy trading platforms struggle to stay alive, leader EnronOnline has a
simple philosophy: If it ain't broke, don't fix it.
The Internet arm of the energy marketing and trading giant Enron Corp. ,
EnronOnline predicts it will increase its volume and says it can coexist with
the IntercontinentalExchange (ICE), the chief executive of Enron Networks
told Reuters on Tuesday.
The innovative company is always evaluating its business environment, ready
to remold itself according to market demands, but it is not pursuing mergers
or aquisitions for now, according to Greg Piper.
"I would never say never, but we're not proactively looking at aquiring an
ownership position in any other exchange platform," Piper said.
With an average of $3.5 billion in trades every day, EnronOnline enjoys the
highest volume of all energy electronic platforms. Most energy trading
platforms launched last year have failed to generate profits.
Its closest rival is ICE, which routinely exceeds $1 billion a day. But while
ICE is a many-to-many exchange that matches bids and offers, on EnronOnline
one can only trade with Enron.
"It's a tool that supercharges our market-making business," Piper said.
Enron is the No. 1 natural gas and electricity marketer in the United States.
About 60 percent of its transactions are captured through the electronic
platform.
"As long as we show good prices to our customers, our volumes will continue
to grow," Piper said.
The company is looking to grow online volume in products such as metals,
steel, weather, petrochemicals and plastics.
"We're trying to remain the leader in energy and help our other markets get
more traction," Piper said. "There is a huge amount of growth that we haven't
even tapped into yet."
Piper said he is not worried about ICE's recent success. The Atlanta-based
exchange recently took over London's International Petroleum Exchange and
plans to transfer its open-outcry business online, significantly boosting its
trade volumes.
"Maybe six to 12 months from now, the story might be a lot different," Piper
said. "But right now, there is room for the both of us."
He added that Enron traders do not shy away from trading on ICE. Many of the
energy giants that founded ICE and provide most of its liquidity are also
Enron's biggest clients.
"Enron will seek out a good deal on ICE when there is one," Piper said.
INNOVATION KEY TO SUCCESS
Recognized as one of the most innovative companies in the United States,
Enron is constantly evaluating its position in the market and thinking of
ways to become more successful.
"The right thing to do in November 1999 was to launch EnronOnline," Piper
said. "But we look at it every day and if it made sense to do something
different, you can bet that Enron would do it and we wouldn't be emotional
about it."
One of the company's advantages is the fact that its software is a flexible
application that allows EnronOnline to easily go in an out of different
markets and regions. It constantly adds new products to its trading arsenal.
But Piper said that EnronOnline has no plans to turn itself in a many-to-many
exchange.
"We want to focus in providing our markets to others," he said. "In the near
term, we're not changing that."
The company is considering licensing the application itself, but would not
elaborate on who wants it and how much Enron would ask for it.
EnronOnline has been so successful that even its competitors take their hats
off.
"I've been hearing for two years now that a one-to-many exchange wouldn't
work, but Enron just keeps proving people wrong," said Frank Getman, chief
executive of online energy exchange HoustonStreet.
"If you're willing to make tight two-way markets and be the best price in the
market, then people will continue to use your site."
Enron's stock rose 41 cents to $49.53 a share on Tuesday in trading on the
New York Stock Exchange.

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


that's great!
what do you want for taylor?

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 09/20/2000 12:09:01 PM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE:

Let me quote from another source how I feel about trading Taylor.

"Let me get this right: You've waited three weeks for Taylor to get healthy,
perhaps costing you a win or two, and now you want to trade him? No. Even if
you think Taylor's going to get hurt again this year (that's a fairly safe
assumption), this is not the time to trade him. Get him in the lineup this
week and keep him there for a couple of weeks. Then, once his value has
maxed out again, that's the time to consider trading him. By that point,
you'll be offered a whole lot more than Anderson and Dudley."

Now, this does not mean I am unwilling to trade or barter, but I will treat
Taylor as the top 5 running back that he is and I will value him as such.
If that is an arena you want to trade in let me know and I will see what we
might be able to do.

Jason Bass
TSE
Compaq Computer Corporation

 -----Original Message-----
From:  Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, September 20, 2000 12:05 PM
To: Bass, Jason
Subject:

what do you want for taylor?


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/15/2000
Transaction Summary
External Transactions Today	3,153
Average Daily External Transactions (30 day Trailing Avg)	4,310
Total Life to Date Transactions	529,333

EnronOnline Daily % of Entity's Total Transactions for 12/15/00	Trans	Percent
Enron North America	2,379	69%
Enron Europe Limited	182	39%
Global Products	109	27%
Enron Metals	483	25%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,190,813,840
MTD	39,901,692,567
LTD	318,754,453,897
Average Daily Notional Value (30 Day Trailing Avg)	3,389,756,362

Notional Revenue from Physical Flows to Date	21,245,199,246

Counterparties, Users, and Products Offered
Counterparties having transacted to date	612
New Counterparties transacting for the first time today	0
Number of Products Offered Today	1,008
Total Number of External Users Logged on Today	3,294
Average # of External Users logged on (30 day Trailing Avg)	3,021

Also attached is the Weekly Public Domain Report, containing information
which is intended for use in presentations or reports which will be seen by
individuals outside Enron.


Debra and Alisha:
I apologize for the extended length of time it has taken for me to return this draft to you. I have tried to highlight the changes that resulted from my last communication with Debra and subsequent discussion with KU's legal counsel. Please review the addendum and the attached cover page. If you should have any questions, feel free to give me a call and I will be happy to discuss them with you. Please let me know if you are unable to open this attachment.
Again, I apologize for the delay.
Lora
Lora Herff Aria
Sr. Contract Administrator
LG&E Energy Marketing Inc.
Louisville Gas and Electric Company/Kentucky Utilities Company
220 West Main Street, 7th Floor
Louisville, KY 40202
Phone: (502) 627-4251  Fax: (502) 627-4222
e-mail: lora.aria@lgeenergy.com
 <<Enron LGE GISB Addendum draft 100201.doc>>  <<Enron GISB front page 103101.doc>>

 - Enron LGE GISB Addendum draft 100201.doc
 - Enron GISB front page 103101.doc


Thanks


Just a reminder to talk to me Monday about the utilities.  I was not aware we
were not currently trading financial power, which they are getting ready to
open up.  I figure the utilities will start squealing loudly when they cannot
trade.  So, I've go to start opening up my utilities...