AUGIE E-NEWS
October 25, 2000
Volume 1, Number 4
**************************
Augie E-News is a bi-monthly (or as needed) newsletter sent to alumni of
Augustana College informing them of the latest news from campus.
**************************

***Viking Days 2000 - Thanks for Coming Home!:
October 6-8 was quite the weekend for Augustana.  It began with the
inauguration of Dr. Bruce Halverson '66 as Augustana's 22nd
President.  Cold weather didn't keep alumni away from the parade. And the
football game against NDSU was a good fight.  We inducted the Class of
1950 into the Honor Guard at the Heritage Honor Luncheon and honored
outstanding individuals at the Athletic Hall of Fame Banquet on Friday
night and at the Alumni Banquet on Saturday night.  Viking Varieties was a
hit in the Sioux Falls Arena and the crowd was great at the Afterglow,
complete with music by President Halverson and the Fabulous Jadesmen and
Doc Krueger and the Alumni Brass Choir.  Click on
http://www.augie.edu/alumni/homecoming.html for pictures from the
weekend.  Class pictures can be found at the "Reunions Site" under each
class year. Plan now to attend Viking Days 2001, October 5-7.  The Classes
of 1936, 1941, 1946, 1951, 1956, 1961, 1966, 1971, 1976, 1981, 1986, 1991,
and 1996 will celebrate reunions.

***Joel Wudel '78 resigns as Director of Alumni Relations, Paul Krueger
'97 is Promoted:***
Effective October 15, 2000 Joel Wudel, is no longer at Augustana.  He
is moving on to other endeavors in Kansas City, MO.  Well-wishes can be
sent to his home at 4908 S Quail Run Ave, Sioux Falls, SD 57108.

Paul Krueger, who has been Associate Director of Alumni Relations the
last three years, has assumed Joel's position.  Paul graduated from
Augustana in 1997 with majors in journalism and communications.  He was
student body president his senior year and involved in many other campus
activities.  Paul's wife, Joni, works in the Admission Office at
Augie.  Paul can be reached at (605) 274-5530 or at krueger@wise.augie.edu

***Augustana and WYNCOM, Inc. present The Fifth Annual Worldwide Lessons
in Leadership Series:***
The world's largest training conference focuses on rapid change and
strategies for success.  Entitled   "The Brave New Workplace: Strategies
to Excel in a World of Change," the program will be available throughout
the world via satellite on November 15, 2000.

Augustana joins FORTUNE Magazine as the exclusive local hosts for
this program.  This extraordinary program features personal insights from
Nobel Peace Prize winner Nelson Mandela.  It continues with the latest
strategies from Dr. Stephen Covey, Dr. Tom Peters, Dr. Ken Blanchard,
Dr. Martha Rogers, and Don Tapscott.   There will also be an executive
panel featuring Martha Stewart, Intel founder Andy Grove, and
Yahoo! founder Jerry Yang.

The program begins at 9:45 a.m. in Sioux Falls and will be held at
the Sioux Falls Convention Center.  For time and location details for
Augie alums in other parts of the country, for more information, or to
register, please visit the online program information at www.wyn.com or
call 1-800-689-9771.

***Christmas Vespers Tickets Available:
Tickets are available for Christmas Vespers, which will be December
1-3.  They are $10 per person and can be purchased with a credit card by
calling the Augustana Box Office at (605) 274-4613.  You can also stop by
the Box Office during regular business hours.  Performances are Friday,
December 1 at 7:30 p.m. at First Lutheran Church, Saturday, December 2 at
4:30 and 7:30 p.m. at First Lutheran Church, and Sunday, December 3 at
2:30 and 7:30 p.m. at Saint Joseph Cathedral.

***Augie Volleyball Team Continues Winning Streak:
The Augie Volleyball team continues to be ranked #2 in the national
Div. II rankings.  The team is 23-1 overall and 12-1 in the North Central
Conference.  The team travels to Brookings on October 31 to battle 8th
ranked SDSU.  Recently, the Vikings swept Saint Cloud State and Minnesota
State, Mankato.  The team has set a record for consecutive wins with
38.  The previous record of 16 was set a year ago.  Follow volleyball and
all Augie athletics on the web at www.augie.edu/athletics

**E-mail the Augustana Alumni Office at: alumni@inst.augie.edu Our phone
number is (605) 274-4904.**


Tom,

Thanks for your message.

I shall be glad to attend the meeting (of course a lot may happen between
now and then and we may have many unexpected developments
in a company as dynamic as Enron).

I want to get back to you at some point with comments on your paper.

Vince

Tom Arnold <tarnold@finance.lsu.edu> on 07/03/2000 05:19:48 PM
To: vkamins@enron.com
cc:
Subject: EFA meetings

Hello Vince,

A colleague and I are hoping to have a panel discussion on energy
securities for the coming Eastern Finance Association Meetings (April
25-28, 2001 in Charleston, South Carolina).  I was wondering if you or
someone you know at Enron would be interested in participating in such a
meeting.  I realize that you may not be able to plan this far in advance
and would certainly not be offended in the least if you cannot participate.
 We already appreciate you taking time out of your schedule this past
semester to visit LSU.

I hope all is going well and wish you continued success in your ventures,

Tom Arnold


Hi L

Everytime you do this (get promoted, listed in Fortune etc.) you set the bar higher and higher.  It's good to see the progress you've made.  Well done - very pleased for you.

OK - goal for next year - take that top spot from Carly Fiorina!!

Best wishes to Marcus and Scott.

Amita

 -----Original Message-----
From: 	Omar, Awais
Sent:	Tuesday 02 October 2001 15:22
To:	Gosalia, Amita
Subject:	FW: Enron Mentions

 -----Original Message-----
From: 	Nelson, Dennis
Sent:	02 October 2001 15:18
To:	Romano, Marcello; Omar, Awais
Subject:	FW: Enron Mentions

[DN]  Thought you guys might appreciate this

Most Powerful Women in Business: The Power Fifty - Louise Kitchen No. 17
Fortune, 10/15/01
Carly Fiorina Tops FORTUNE's List of 50 Most Powerful Women in Business for Fourth Year
Business Wire, 10/01/01

Most Powerful Women in Business: The Power Fifty - Louise Kitchen No. 17
Fortune, 10/15/01
http://www.fortune.com/indexw.jhtml?channel=list.jhtml&list_frag=survey_results.jhtml&person_id=222001017&_DARGS=%2Ffragments%2Flist%2Flist_5columns_powerwomen.jhtml_A&_DAV=list.jhtml

Drop in Natural-Gas Prices May Be Good For Consumers but Hinder New Production
By Alexei Barrionuevo
Staff Reporter of The Wall Street Journal

10/02/2001
The Wall Street Journal
C7
(Copyright (c) 2001, Dow Jones & Company, Inc.)

In the wake of last month's terrorist attacks, natural-gas prices have slid below $2 per million British thermal units, frustrating any hopes that prices will rebound this year to levels that would encourage more investment in natural-gas projects.
Analysts predict that with prices at current levels, projects to bring more liquefied natural gas into the U.S. could be shelved or canceled.
Natural-gas prices, which reached highs of nearly $10 per million BTUs last December, had held to around $3 to $5 per million BTUs for much of the year. At $2 per million BTUs and below, producers have a hard time justifying exploration and new production.
Analysts blamed the drop on weak industrial demand, fueled by the struggling chemicals and metals industries and by weaker electric-utility demand. Nearby November futures fell 36 cents yesterday to $2.208 on the New York Mercantile Exchange.
In the Boston area, however, different concerns could lead to higher prices for that region. Last week, the U.S. Coast Guard, under pressure from local lawmakers, indefinitely banned LNG tankers from entering Boston Harbor. LNG makes up 15% of New England's gas supply and nearly half of its supply on very cold days. The Coast Guard and Department of Transportation are studying concerns that a LNG tanker could become a bomb for terrorists.
Already, relative to other areas, natural-gas prices have inched higher in New England, where natural-gas pipeline constraints have long hampered the market. The spread between prices in New England and the Gulf Coast widened last week by 30 cents to $1.30 per million BTUs, said a spokeswoman for Distrigas, a unit of Belgium's Tractebel SA. But the lack of LNG isn't likely to become a big issue until winter hits and natural-gas storage is used up.
Richard Grant, CEO of Distrigas, says LNG has a 30-year safety record at the company's Everett, Mass., terminal. While LNG is flammable, he says it is unlikely to explode. He adds that "there are a lot of things being said right now that are just not factual. But until we answer the concerns, we won't be able to bring a ship in here."
Deutsche Banc Alex. Brown was among several brokerage firms downgrading fourth-quarter projections for natural-gas prices last week. "Prior to Sept. 11, we were seeing signs that a lot of industrial demand was coming back," said Jay Saunders, a Deutsche Banc analyst. "But all that is out the window now." Deutsche Banc is now estimating a 20% drop in winter demand in the industrial sector, which accounts for more than a quarter of total U.S. natural-gas consumption. The slack demand has resulted in supplies that have practically overflowed storage, which is on pace to be full by the end of October.
While prices that are close to historical levels are good for consumers, such low prices could scare many producers away from making investments to ensure future natural-gas demand is met. Lower prices have already led energy companies to slow their drilling and some firms, such as EOG Resources Inc., plan to moderate production in the next two months. Gas drilling-rig counts fell to 953 last week from 1,030 at the end of August.
Even with the increased natural-gas drilling of earlier this year, overall natural-gas supply is expected to increase just 1% this year, as the country's mature wells continue to be depleted faster than companies can replace them. The tight supply picture has analysts optimistic that prices will rebound next year amid lower interest rates, increased defense and relief spending and returning consumer confidence.
Still, the downturn could cause some firms to rethink or postpone projects to import gas in a liquid form. With prices high last winter, El Paso Corp. and Enron Corp., among others, said they would build a dozen or so receiving terminals for liquefied natural gas, which is gas compressed and frozen to minus-260 degrees Fahrenheit. "You will see some cancellations and some delays," predicts Marshall Adkins, an analyst with Raymond James & Associates in Houston.
Natural-gas prices need to average $3 per million BTUs on the East Coast and $3.50 on the West Coast to justify bringing in LNG to those areas, said Ronald Barone, an analyst with UBS Warburg.
A spokeswoman for El Paso, Houston, says the company is moving forward with at least three terminals for the U.S. market. Enron said it is also pushing ahead with a terminal in the Bahamas that would pipe the gas to Florida starting in 2004.

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

Enron leases part of Mumbai estate to Citibank
Freny Patel MUMBAI

10/02/2001
Business Standard
5
Copyright (c) Business Standard

After months of scouting for a buyer for its one lakh square feet office space at Wockhardt Towers in Bandra-Kurla Complex, Enron has been able lease out 10,000 square feet of it to Citibank NA.
Against an expected realisation from Rs 130 crore for the outright sale of its four floors, Enron will get around Rs 1.2 crore a year by leasing out one floor to Citibank.
The deal was struck recently by the global real estate consultant, Cushman & Wakefield, at a monthly rental of Rs 100 per square foot.
With property prices in Mumbai having slumped and with no reprieve expected in the
short run, companies are increasingly opting to lease space instead of blocking funds in illiquid assets.
Property consultants say that if Enron manages to lease out the entire four floors, it will be easier for it to sell the property to a buyer, as the buyer would be assured of a fixed income.
Enron had eyed a deal of Rs 130 crore when it mandated global real estate consultants to sell the premises at around Rs 12,000 per square foot.
This is despite the fact that real estate at Bandra Kurla currently fetches Rs 8,000 to Rs 9,000 per square feet. In June 2000, the US energy giant had shelled out Rs 125.75 crore when it acquired the four floors, plus car park space, from Wockhardt, the pharmaceutical company.
The deal was struck at Rs 10,500 per sq ft, and included parking space for 101 cars.
Industry sources said that Enron had spent a sum close to Rs 150 crore to acquire the property, and pay for the interior furnishings of two of the four floors it had acquired.
In order for it to break even, it would have had to sell its real estate at the rate of Rs 13,000 per square foot.
Four to five global real estate consultants have been appointed by Enron for the sale of its premises. A leading consultant said that it has been difficult to find any buyers for such a large property.
"Most international buyers prefer to take property on lease instead of an outright purchase," he added.
Moreover, the inefficiency of the building in terms of the super built-up area is another reason why corporate entities are not too eager to acquire the premises, and Enron's proposition continues to go abegging, said the consultant.

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

Carly Fiorina Tops FORTUNE's List of 50 Most Powerful Women in Business for Fourth Year

10/01/2001
Business Wire
(Copyright (c) 2001, Business Wire)

NEW YORK--(BUSINESS WIRE)--Oct. 1, 2001--

Lower-Profile Women Topple More Well-known Names From Tech and
Internet Sector; Ranking Includes 14 Newcomers

Though Hewlett-Packard lost $65 billion in market value in a year, CEO Carly Fiorina hasn't lost her nerve, and for the fourth consecutive year holds the No. 1 position on FORTUNE's ranking of the 50 Most Powerful Women in Business.
The complete list and accompanying stories are in the October 15 issue of FORTUNE, available on newsstands October 8 and at www.fortune.com at 12:00 p.m. on October 1.
In the No. 2 spot is eBay CEO Meg Whitman, who runs an Internet company that actually makes money: $85 million in the last four quarters on $582 million in revenue. Oprah Winfrey, the Queen of Media, is mightier than ever, and holds the No. 3 spot, up from No. 15 last year. She produces movies, brings comfort and advice to millions of TV viewers, propels books to bestsellerdom, and, last year, teamed up with Hearst Magazines' Cathie Black (No. 28 on the list) to publish O, The Oprah Magazine-by some measures the most successful magazine startup ever. At No. 4 is Andrea Jung, Chairman and CEO of Avon, who has breathed life into ailing Avon. Mirant CEO Marce Fuller-the only newcomer in the top five-holds the No. 5 position. Inside a stodgy utility, Southern, Fuller built a high-growth trading and marketing unit, which was spun off in April.
In these new, more tempered times, patience may be about to reap its reward. In FORTUNE's annual survey of the 50 Most Powerful Women in Business, there is a clear emergence of women who came to power slowly. Says FORTUNE senior writer Pattie Sellers in "Patient But Not Passive," the story that accompanies the list, "By patience, we mean staying with a company, steadily building influence there, and rising to power through determination and insider knowledge, not promises and self-promotion."
Fiorina, who has claimed the top spot each year since FORTUNE's inaugural list in 1998, heads the biggest company ($48 billion in revenues last year) run by a woman. And she is still as audacious and impatient as ever. Wall Street practically heckled her latest move-a bold bet to buy Compaq-but Fiorina, 47, remains defiant. In difficult times, "people who drive change are the subject of great scrutiny," she says.
As always, the list is a snapshot of power at a moment in time. Last year, power resided in the technology and Internet sectors, but that influence was fleeting. Gone from the list this year: Deborah "Hurricane Debby" Hopkins, who pushed her agenda too ambitiously at Lucent and lost her CFO job in May; Ellen Hancock, who failed at the startup, Exodus; and Morgan Stanley's Mary Meeker, who influenced so many to buy into the Internet fizz. But one Web warrior looks better than ever: Meg Whitman, No. 2 on the list. She has never overpromised to investors; instead she has diligently delivered above-target profits every single quarter.
Fourteen newcomers join the list this year: Marce Fuller, President & CEO, Mirant; Louise Kitchen, COO, Enron Americas; Colleen Barrett, President & COO, Southwest Airlines; Betsy Bernard, President & CEO, AT&T Consumer; Anne Stevens, VP, North America Vehicle Operations, Ford Motor; Maria Elena Lagomasino, Chairman & CEO, J. P. Morgan Private Bank; Susan Desmond-Hellman, EVP and Chief Medical Officer, Genentech; Janet Robinson, SVP, Newspaper Operations, New York Times Co.; Carol Tomi, EVP and CFO, Home Depot; Carrie Cox, EVP and President, Global Prescriptions, Pharmacia; Carole Black, President and CEO, Lifetime Television Networks; Janet Davidson, Group President, Integrated Network Solutions, Lucent; Larree Renda, EVP, Retail Operations, Safeway; and Louise Francesconi, VP and GM, Missile Systems, Raytheon.
While the economy and its points of power change, the criteria we use to evaluate power remains the same. Says Sellers: "We consider the size and importance of a woman's business in the global economy, her clout inside her company, and the arc of her career-where she has been and where she is likely to go. When appropriate, we also weigh the woman's influence on mass culture and society. That factor lifts Oprah Winfrey to No. 3 on this year's list." The shifts on our list this year are dramatic, with 14 newcomers. But one trend is especially intriguing: Women are taking on bigger businesses than ever. A few years ago, responsibility for a $3 billion business almost automatically earned a woman a spot on this list. No more. This year's FORTUNE 50 includes several women who lead businesses with annual revenues of $20 billion or more, which is a first.
In a related story, "It Took a Lady To Save Avon," Katrina Brooker looks at Andrea Jung, Chairman and CEO of Avon. Says Brooker, "Jung knows what women want and how to sell it to them. And that's what has made her one of the most successful CEOs-male or female-in recent years." Over the past 20 months she has overhauled nearly everything about the way Avon does business: how it advertises, manufactures, packages, and even sells its products, and she has done it not by abandoning the seemingly outdated Avon Lady, but by reviving her. The result: growth in revenues, operating profits, and operating margins.
In addition, FORTUNE includes an international list of the 50 powerful women in business. The top ten, featured in the magazine, are Marjorie Scardino, CEO, Pearson (Britain); Anne Lauvergeon, Chairman, Areva (France); Mary Ma, Senior VP & CFO, Legend (Hong Kong); Marianne Nivert, President & CEO, Telia (Sweden); Lien Siaou-Sze, Vice President, Hewlett-Packard (Hong Kong); Patricia Barbizet, CEO, Artemis (France); Eiko Kono, President, Recruit (Japan): Belinda Stronach, CEO, Magna International (Canada); Marina Berlusconi, Vice Chairman, Fininvest (Italy); Christine Tsung, President & CEO, China Airlines (Taiwan). You can read about the other forty at www.fortune.com or in the international editions of FORTUNE.
2001 FORTUNE 50 Most Powerful Women in American Business

2001 2000
Rank Rank Name Title Company
1 1 Carly Fiorina Chairman and CEO Hewlett-Packard
2 3 Meg Whitman President and CEO eBay
3 15 Oprah Winfrey Chairman Harpo
Entertainment
4 10 Andrea Jung Chairman and CEO Avon
5 new Marce Fuller President and CEO Mirant
6 18 Anne Mulcahy President and CEO Xerox
7 14 Karen Katen EVP and President
Pharmaceutical Group Pfizer
8 39 Pat Woertz President, Chevron Products Chevron
9 23 Betsy Holden Co-CEO Kraft Foods
10 43 Indra Nooyi President and CFO PepsiCo
11 7 Shelly Lazarus Chairman and CEO Ogilvy & Mather
Worldwide
12 50 Abigail Johnson President Fidelity
Management and
Research
13 9 Martha Stewart Chairman and CEO Martha Stewart
Living OmniMedia
14 12 Patricia Dunn Global CEO Barclays Global
Investors
15 16 Judy McGrath Chairman and CEO, MTV Group Viacom
16 17 Sherry Lansing Chairman, Motion Picture
Group, Paramont Viacom
17 new Louise Kitchen COO Enron Americas
18 19 Lois Juliber COO Colgate-Palmolive
19 18 Marilyn Carlson
Nelson Chairman and CEO Carlson Companies
20 new Colleen Barrett President and COO Southwest
Airlines
21 21 Ann Moore EVP, Time Inc. AOL Time Warner
22 22 Judy Lewent EVP and CFO Merck
23 new Betsy Bernard President and CFO AT&T Consumer
24 31 Stacey Snider Chairman, Universal Pictures Vivendi
Universal
25 30 Dina Dublon EVP and CFO J.P. Morgan Chase
26 10 Pat Russo President and COO Eastman Kodak
27 new Anne Stevens VP, North American Vehicle
Operations Ford Motor
28 11 Ann Livermore President, HP Services Hewlett-Packard
29 28 Cathleen Black President Hearst Magazines
30 24 Linda Sanford SVP and Group Executive,
Storage Systems IBM

31 33 Amy Brinkley Chairman, Credit Policy Bank of America
32 4 Donna Dubinsky CEO Handspring
33 38 Marjorie Magner Senior EVP, Consumer Group Citigroup
34 13 Nancy Peretsman EVP and Managing Director Allen & Co.
35 25 Dawn Lepore Vice-Chair, EVP, and CIO Charles Schwab
36 27 Gail McGovern President, Fidelity Personal
Investments Fidelity
37 new Maria Elena
Lagomasino Chairman and CEO J.P Morgan
Chase Private
Bank
38 new Susan
Desmond-Hellman EVP and Chief Medical Officer Genentech
39 new Janet Robinson SVP, Newspaper Operations New York
Times Co.
40 new Carol Tome EVP and CFO Home Depot
41 46 Jamie Gorelick Vice-Chair Fannie Mae
42 45 Vivian Banta EVP and CEO, U.S. Consumer Prudential
43 new Carrie Cox EVP and President, Global
Prescriptions Pharmacia
44 47 Anne Sweeney President, ABC Cable Networks
Group Disney

45 new Carole Black President and CEO Lifetime
Television
Networks
46 44 Marion Sandler Co-Chairman and Co-CEO Golden West
Financial
47 new Janet Davidson Group President, Integrated
Network Lucent
Solutions
48 new Larree Renda EVP, Retail Operations Safeway
49 new Louise
Francesconi VP and GM, Missile Systems Raytheon
50 8 Abby Joseph
Cohen Chief Market Strategist Goldman Sachs

FORTUNE's International 50 Most Powerful Women

Rank Women Title Company Country
1 Marjorie Scardino CEO Pearson Britain
2 Anne Lauvergeon Chairman Areva France
3 Mary Ma Senior VP and CFO Legend Hong Kong
4 Marianne Nivert President and CEO Telia Sweden
5 Lien Siaou-Sze Vice President Hewlett-Packard Hong Kong
6 Patricia Barbizet CEO Artimis France
7 Eiko Kono President Recruit Japan
8 Belinda Stronach CEO Magna International Canada
9 Marina Berlusconi Vice Chairman Fininvest Italy
10 Christine Tsung President and CEO China Airlines Taiwan
11 Maureen Kempston
Darkes President GM Canada Canada
12 Mary Minnick President and COO Coca Cola Asia U.S.
13 Nita Ing Chairman Taiwan High-Speed
Railway Taiwan
14 Barbara Kux Executive Director Ford Europe Germany
15 Ho Ching Chairman Singapore
Technologies Singapore
16 Sari Baldauf President Nokia Networks Finland
17 Judy Boynton CFO Royal Dutch/Shell
Group Britain
18 Maria Silvia
Marques Bastos CEO Companhia
Siderurgica
Nacional Brazil
19 Clara Furse CEO London Stock
Exchange Britain
20 Linda Cook CEO Shell Gas & Power Britain
21 Val Gooding CEO BUPA Britain
22 Agnes Touraine Vice Chairman and
CEO Vivendi Universal
Publishing France
23 Margaret Jackson Chair Qantas Australia
24 Kathleen Bader President Dow Styrenics &
Engineered
Prod. Switzerland
25 Kathleen O'Donovan CFO Invensys Britain
26 Wanda Rapaczynksi President Agora Poland
27 Juliet Wu Shihong Executive Director TCL Holdings China
28 Vivienne Cox Group Vice
President BP Britain
29 Marma Asuncisn
Arambruzabala
Larregui Vice Chairman Grupo Modelo Mexico
30 Yoshiko Shinohara President TempStaff Japan
31 Lalita Gupte Managing Dir.
and COO ICICI India
32 Sawako Noma President Kodansha Japan
33 Imre Barmanbek CEO Dogan Group Turkey
34 Nina Wang Chair Chinachem Hong Kong
35 Li Yifei General Manager MTV China China
36 Gail Cook-Bennett Chairperson Canada Pension
Plan Inv. Bd. Canada
37 Marluce Dias da
Silva Director General Rede Globo Brazil
38 Anna Cheng
Catalano Group Vice
President BP Britain
39 Rose Marie Bravo CEO Burberry Britain
40 Britta Steilmann CEO Steilmann Group Germany
41 Galia Maor President and CEO Bank Leumi Israel
42 Magda Salarich Managing Director Citrokn Spain Spain
43 Marjorie Yang Chairman Esquel Group Hong Kong
44 Teresita Sy President SM Philippines
45 Dominique Heriard
Dubreuil Chair and CEO Remy Cointreau France
46 Gianna
Angelopoulos-
Daskalaki President Athens Olympic
Committee Greece
47 Naina Lal Kidwai Vice Chairman J.P. Morgan Stanley India
48 Barbara Cassani CEO Go Britain
49 Irene Charnley Commercial
Director M-Cell South
Africa
50 Katijah Ahmad Chair and CEO KAF Discounts Malaysia

CONTACT: For FORTUNE Terry McDevitt, 212/522-4788 terry_mcdevitt@timeinc.com Carrie Welch, 212/522-6724 carrie_welch@timeinc.com Caroline Plauche, 212/522-2134 caroline_plauche@timeinc.com
12:24 EDT OCTOBER 1, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


Let me know if you need a level A or level B, in my book a level B is a "good to go" estimate.  The prior scope of 60 MMBtu/d was the max. the tap could handle, any thing over this will require additional  modifications.  I'll let you know the results, as soon as, I know something.

Call PT @ 3-0667 with any questions.

From:	Lorraine Lindberg/Enron@enronXgate on 03/07/2001 01:23 PM
To:	Perry Frazier/ET&S/Enron@ENRON, Arnie Bailey/ET&S/Enron@ENRON
cc:	Eric Faucheaux/ET&S/Enron@Enron, Ben Asante/ET&S/Enron@ENRON, Team Carlsbad/ET&S/Enron@ENRON, Rich Jolly/ET&S/Enron@ENRON, Mike McCracken/ET&S/Enron@ENRON, James Moore/ET&S/Enron@ENRON, Earl Chanley/ET&S/Enron@ENRON, Kevin Hyatt/ENRON@enronxgate

Subject:	RE: EPFS interconnect

I just got off the phone with El Paso Field Services.  At this time, I now need 2 cost estimates.  One to increase the facilities to be able to handle up to 65,000 MMBtu/d and the second to increase the facilities to be able to handle up to 90,000 MMBtu/d.  EPFS has indicated this incremental flow could come to TW as soon as mid-May.  Please advise.  Thank you.

Lorraine

 -----Original Message-----
From: 	Lindberg, Lorraine
Sent:	Wednesday, March 07, 2001 9:05 AM
To:	Frazier, Perry; Bailey, Arnie
Cc:	Faucheaux, Eric; Asante, Ben; Carlsbad, Team; Jolly, Rich; McCracken, Mike; Moore, James; Chanley, Earl; Hyatt, Kevin
Subject:	RE: EPFS interconnect

I have not requested a Level A cost estimate.  I need the exact amount we think this will cost so that EPFS will fund the entire amount.

 -----Original Message-----
From: 	Frazier, Perry
Sent:	Tuesday, March 06, 2001 4:55 PM
To:	Bailey, Arnie
Cc:	Faucheaux, Eric; Lindberg, Lorraine; Asante, Ben; Carlsbad, Team; Jolly, Rich; McCracken, Mike; Moore, James; Chanley, Earl
Subject:	Re: EPFS interconnect

Status Report for 3/6/01

Jim Rischer called and we discussed his Teams ideas on the mods to increase the flow to 60 mmcfd.

James Moore & myself sat down and reviewed his project file for the current design.  We reviewed the notes of his field visit to the site and the information from the EPFS field hand.

Action Plans

1.  Informed Lorraine that I would give her a status update next Tuesday 3/13/01 on the progress to complete a level A cost estimate.  Tenative completion of 3/19/01 given at this time.

2.  James Moore will check out the ultasonic meter requirements, availability and costs.  He will call George Kneisley to verify that the GFC TAS Sys. II, will work with the USM.  He will also contact Becker to make sure the flow controll valve will handle the 60 mmcf, noise levels and fps limits.   These results will dictate the major costs for the modifications.

3.  Carlsbad Team, I need to know if there are any equipment needs, like signal splitter on the USM for EPFS and what about the current orifice transmitters.  Is the chromatagraph on site?  Purchase power is on site, right.

Let me know if you have any additional information or scope changes to these action plans.

PT 713-853-0667

 << OLE Object: Picture (Device Independent Bitmap) >> 	  From:  Arnie Bailey                           03/06/2001 04:15 PM

To:	Perry Frazier/ET&S/Enron@ENRON
cc:	Eric Faucheaux/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Ben Asante/ET&S/Enron@ENRON, Team Carlsbad/ET&S/Enron@Enron, Rich Jolly/ET&S/Enron@ENRON

Subject:	Re: EPFS interconnect

Perry,
Let the team and I know what we can do to help.  Let me know how things progress.
Thanks,  Arnie
---------------------- Forwarded by Arnie Bailey/ET&S/Enron on 03/06/2001 03:03 PM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
Rich Jolly
03/05/2001 09:04 PM
To:	Eric Faucheaux/ET&S/Enron@Enron
cc:	Perry Frazier/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Ben Asante/ET&S/Enron@ENRON, Team Carlsbad@Enron, Arnie Bailey/ET&S/Enron@Enron

Subject:	Re: EPFS interconnect   << OLE Object: StdOleLink >>

Arnie and Team will you work with Perry on this. Let me know how I can help. Eric thanks for sending to me.
Thanks
Rich

 << OLE Object: Picture (Device Independent Bitmap) >> 	Eric Faucheaux 03/06/2001 07:15 AM  << OLE Object: Picture (Device Independent Bitmap) >>

To:	Perry Frazier/ET&S/Enron@ENRON
cc:	Lorraine Lindberg/ET&S/Enron, Ben Asante/ET&S/Enron@ENRON, Rich Jolly/ET&S/Enron@ENRON

Subject:	EPFS interconnect

Perry, please take this one and reply to Lorraine expected delivery date.  Thanks, EF, x33395

---------------------- Forwarded by Eric Faucheaux/ET&S/Enron on 03/06/2001 08:15 AM ---------------------------
From:	Lorraine Lindberg/Enron@enronXgate on 03/05/2001 04:49 PM
To:	Eric Faucheaux/ET&S/Enron@Enron
cc:	Kevin Hyatt/ENRON@enronxgate

Subject:	EPFS interconnect

Eric - Please provide me with a cost estimate to increase the meter facilities from 40,000 MMBtu/d to 60,000 MMBtu/d at the new receipt point with El Paso Field Services in Eddy County, NM.  I would like a "good to go with" cost estimate so that I may request full reimbursement from EPFS.  EPFS has indicated they will be in a position to send this incremental gas to TW in a couple of months.  Please let me know the estimated time you need to develop this cost estimate.  Thanks.

Lorraine


-----Original Message-----
From: 	Tycholiz, Barry
Sent:	Friday, October 12, 2001 11:57 AM
To:	Whitt, Mark; Grigsby, Mike; Allen, Phillip K.
Cc:	Polsky, Phil; Moon, Eric
Subject:	JM Huber Transaction- Confidential

Further to our conversation please find attached the curves on the JM Huber transaction that we have agreed to work off of. The 30,000/day of capacity will sit on the books until next week but the deal with HUBER is effectively completed. In the event that this deal does not close, then the West desk will resume with the same MTM risks that you presently have.

Any curve shift positive from now until the transaction is actually unwound will be credited back to the orig desk and any negative curve shift from here on in will be credited to the trading desk... plus ENA Orig and trading will work on a sharing calculation payable for any future deals.

In addition to the transportation income being generated, additional orig will be generated by entering into wellhead and market based transactions with the desks. I believe that all of the risks and discussions associated with the structures have been well communicated with each book ( by Mark Whitt ) and we will be meeting with each of you early next week to get the structures and booking set up properly.

I trust that this note covers the general areas related to this deal and I am very pleased with the high level of cooperation shown by everyone..

Pls review file and if there are any questions give me a call.

BT


Would you please send Janice Priddy the blank short form?  Thanks.  Michelle

 -----Original Message-----
From: 	Melodick, Kim
Sent:	Monday, June 25, 2001 11:12 AM
To:	Cash, Michelle
Cc:	Sweet, Twanda; Priddy, Janice; Goode, Diane
Subject:	FW: agreements

Michelle, this note is in response to the 28% tax rate that is attributed to paying out employment agreements. In order to move forward on exploring solutions, Janice needs a blank employment agreement.  Can you help?

 -----Original Message-----
From: 	Priddy, Janice
Sent:	Monday, June  25, 2001 10:58 AM
To:	Melodick, Kim
Cc:	Hudson, John
Subject:	FW: agreements

Kim,
Can you get me a copy of a blank agreement so I can send it to legal for review?  The sooner the better.  I have also contacted EBS and asked them to send me a copy of one of their agreements (with no names) for John's review.
Thanks,
Janice

 -----Original Message-----
From: 	Hudson, John
Sent:	Monday, June 25, 2001 10:47 AM
To:	Priddy, Janice
Subject:	RE: agreements

Janice,

Can you give me more information avout the agreement given in lieu of severance pay.  What are the terms of the agreement?  What is paid to the former employee under the agreement?  What is the timing of these payments?  Are they paid in the same year the employee terminates?  I will need more information as to the nature of the proposed agreement and its terms before I can reach an answer on this.  Do you have a copy of this agreement?

Thanks,

John

 -----Original Message-----
From: 	Priddy, Janice
Sent:	Monday, June 25, 2001 7:00 AM
To:	Hudson, John
Subject:	agreements

John,
I have been approached by HR with the following request which I would like your input.
When an employee is being terminated HR is giving them an agreement instead of severance pay.  The question is can it be taxed by the W-4 or does it have to be taxed as supplemental pay.
My understanding is if an employee receives payments from an employer that are not part of their ordinary wages, it is considered supplemental wages and if the payment has been clearly indicated as other than ordinary wages it is taxed at the flat 28% (which will soon be 27.5%).
I would appreciate your input as to whether we could set up an agreement element in the system and tax it at the W-4 rate and not have any tax issues down the road that Enron could be held accountable, and what regulation could we use for support.
Thanks
Janice

Enron Corp.
janice.priddy@enron.com


We plan on reviewing with Stan on monday.   Previously he had left it up to Jeff who had said no to.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


My brother just called, and my dad has just been admitted to the hospital for a heart problem.  There is a good chance that they will operate tomorrow or the next day.  If they do, then I will need to go to Ft. Worth for a couple of days.

I'll keep you posted.

Kay


--------------- Authored by: Jeff Dietert ----------------
OUR VIEW:  ENE is down huge (-80% for the year, and trading at only
7.5xFY02) and its hard to imagine more confusion associated with the stock.
More pressure is likely today on the news of S&P revising its long-term
ratings outlook to negative (based on the decline in market capitalization)
and ENE's additional draw on its credit facilities (which does not change
its net debt, but prevents banks from denying access to its liquidity in
the event that the rating agencies do downgrade its credit rating, which
could break covenants and restrict liquidity).  We believe the major issues
are: 1) management's ability to regain the confidence of the street and
persuade investors that it can restore balance sheet strength and generate
the expected earnings and cash flow,  2) ENE must maintain its investment
grade credit rating, 3) ENE must successfully execute its divestiture
plans, and 4) ENE must control the timing of the recognition of the
write-down in the value of any assets whose market value is less than book.

IF ENE management does not step-up to calm investor fears, these fears
could become a self fulfilling prophecy.  In the potentially vicious cycle,
investor fears could drive the stock down, the lower stock prices force the
rating agencies to consider downgrades, potentially lower credit ratings
force counter-parties to reduce exposure with ENE, limiting ENE's to
generate earnings and cash flow.  Thus we see a big incentive for ENE to
clarify the issues.  We expect ENE to put together a more complete
explanation of the major issues over the next few days in order to
stabilize the stock.   If/when ENE schedules a conference call or road
show, we would consider this a bullish sign.  Absent further clarification,
the stock is likely to continue to be weak.   Our gut feel is that ENE can
pull it off and that long-term investors should hold firm, as eventually
the stock gets valued on earnings (with upside potential to $25+/sh over
the next 12 to 18 month period), rather than break-up value ($16/sh-see
below).  We believe new money (with high risk tolerance!) should wait until
ENE announces its intentions for communicating a clear path to recovery.

ENE's VIEW:  ENE has stated that it has reviewed its asset base with Arthur
Anderson and that no additional asset impairments are required other than
an approximate $200 MM charge expected in 1Q02 due to an accounting change.
With no further asset write-downs, and roughly $890 MM in asset
divestitures ($390 MM India E&P, $250 MM Puerto Rico power plant, and $250
MM Brazilian power plant) in 4Q01, ENE's D/TC ratio is likely to decline
from 50% at the end of 3Q01 to roughly 48% at the end of the year.  After
the close of the Portland General divestiture, expected by year-end 2002,
we expect its D/TC to fall below 45% (we are projecting FCF to be
break-even in FY02).  We estimate that ENE's interest coverage at the end
of 3Q01 is 3.5x.  ENE is currently rated BBB+ by S&P and Baa1 by Moodys,
and would need to decline 3 ratings to fall below investment grade.  For
comparison purposes, S&P's BBB median D/TC is 47.4% and EBITDA/Int. Exp.
coverage is 6.1x, while BB (non-investment grade) median D/TC is 61.3% and
interest coverage is 3.8x.

IMPORTANCE OF ENE's INVESTMENT GRADE CREDIT RATING:  We believe that ENE's
Wholesale segments, which generates 80% of its EBIT, would be
noncompetitive if the credit rating falls below investment grade.  In
addition, a decline in credit rating below investment grade would trigger
the issuance of 50 MM shares of common stock and $1 B in convertible
preferred stock associated with ENE's off-balance sheet structured
financing vehicles.  We believe ENE will do what ever it can to maintain an

investment grade rating.  Moodys has its BBB+ rating under review for a
possible downgrade.   Last night S&P revised its long-term ratings outlook
to negative due to concerns that the significant drop in market
capitalization in the past week has adversely affected the company's
financial flexibility and could impede its ability to pursue plans to
rebuild its balance sheet.

BREAK-UP VALUE:  We believe ENE 's Wholesale America ($2.7 B in TTM
EBITDA), Wholesale Europe ($900 MM) and Retail ($450 MM) segments are
conservatively worth a 4x multiple (recent multiples have been higher, but
we are discounting due to limited buying interest) or $16.2 B.  The Gas
Pipeline segment ($820 MM) and Global Assets ($200 MM) valued at a 6x
multiple are worth $6.1 B.  PGE valued at the divestiture price is $2.9 B.
Total asset value is conservatively $25 B, vs. debt of $13 B, leaving $12 B
or $16/sh for equity investors in a break-up scenario.  The challenge is,
if ENE loses its investment grade rating, the value ($16.2 B) of its
Wholesale and Retail segments would be materially compromised--leaving
little for equity investors.

POTENTIAL FOR ADDITIONAL ASSET IMPAIRMENTS:  ENE's Global Assets portfolio
includes assets with $6 B in book value (ENE's total gross PP&E is $14 B)
that has generated an EBIT loss of $18 MM (EBITDA of +$168 MM) over the
last 12-month period (4Q00 to 3Q01).  The Global Assets portfolio includes
Elektro (an electric utility in Brazil), Dabhol (power plant in India), TGS
(a natural gas pipeline in Argentina), Azurix and Enron Wind operations.
These assets seem ripe for a write-down although the company argues that it
has reviewed them with Arthur Anderson recently and that the assets are not
impaired.  ENE will have to continue to convince Anderson that the value of
these assets has not been impaired.  The write-down of these assets would
reduce shareholder equity and ENE's D/TC, threatening its credit rating.
It is not clear that ENE put all its under-performing assets in the Global
Assets portfolio.  There could be other poor performing assets in other
segments that are hidden by strong performance in its Wholesale business.

ADDITIONAL DATA POINTS:  ENE's counter-parties seem to be supportive and
have not indicated any change in business activity.  EnronOnline trading
volume was slightly above average yesterday.  Some energy traders have
bought ENE in their personal accounts, convinced that ENE core marketing
business is strong and the belief that the equity markets have
over-reacted.  Lots of ENE corporate finance people are working late nights
solidifying ENE's financial strategy (hopefully for a more complete
discussion with the street?).

THE SEC INQUIRY:  We believe ENE has an extensive paper trail from its
attorneys and accountants that will clear them of any legal problems with
the SEC associated with the LJM partnerships in which CFO Andy Fastow
participated.  We do not expect the SEC to find any legal
wrong-doing--although this doesn't mean that they won't express qualitative
concern over the appearance of the transactions.

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

This e-mail is based on information obtained from sources which Simmons &
Company International believes to be reliable, but Simmons & Company
International does not represent or warrant its accuracy.  The opinions and
estimates contained in this e-mail represent the views of Simmons & Company
as of the date of the e-mail, and may be subject to change without prior
notice.  Simmons & Company International, its partners and/or employees may
have positions in the securities discussed.  Simmons & Company
International may make a market in the securities discussed and may have
served as a financial advisor and/or underwriter to companies discussed.
Simmons & Company International will not be responsible for the consequence
of reliance upon any opinion or statement contained in this e-mail.  This
e-mail is confidential, and may not be reproduced,  in whole or in part,
without the prior written permission of Simmons & Company International.


Attached is a summary of the PJM RTO order.  While it is somewhat lengthy, the order has a lot of good information in it that I wanted to share with the group, particularly the Commission's statements regarding the existing configuration of the northeast and the need to expand it.

We are working on summaries of the New York and New England RTO orders and will have those out shortly.  If you would like copies of the orders, just let us know.

We expect the mediation proceeding to begin within the next week.  We will keep you updated.

Sarah


For your reviewing pleasure.

 - Draft Issues Outline 062001 (Redline 061901).doc


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/13/2000 05:19
PM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 11/13/2000 05:16:49 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>, "Pipitone, Paul"
<paulpipitone@akllp.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Pipitone, Paul"
<paulpipitone@akllp.com>, "Cobb, Chris" <chriscobb@akllp.com>

Subject: ltr to Kay Mann: Site specific references in GE Form agreement.DOC

 <<ltr to Kay Mann: Site specific references in GE Form agreement.DOC>>

Attached is the memo setting forth the specific Site references in the
GE Turbine Agreement.
 -  Site specific references in GE Form agreement.DOC


The following pre-approved counterparties have been added to datamanager with
Clickpaper profiles and will also be hitting you work queues in profile
manager.  These profiles will need to be duplicated in profile manager to
clear the queue. Please do not hesitate to call me with any questions.

Approval Date CPID  Counterparty
04/06/01 95669  Quimpac SA

Best Regards,

Nicole Hunter
Clickpaper Support Team
713-345-8438


Please see attached

Regards,
Tom Moran
3-3017


I talked with Chairman Schriber this morn to give him a heads-up on the
meeting Barbara and I are having with the Governor's Chief of Staff in
follow-up to Ken Lay and Governor Taft's conversation on transmission
access.  (We are going to try and get Taft to push for Ken Lay to be the
keynote speaker at the NGA in February).

Schriber indicated that beginning next month, he plans to make transmission
issues a top priority since he believes that to be the largest impediment to
competition.  He thinks we need to create a secondary market and that all the
acamedicians are making this more complex than it needs to be.  We also
talked about about the native load language in the settlements.  I  offered
to have Enron come in and talk to him about our vision on how the
transmission system should work and he was very enthusiastic and said he
would give us a full day if we needed it.

My assessment is that Schriber is a little naive about the ease with which a
solution can be developed but that he is genuinely interested in being
proactive and taking a position which potentially may not be very different
from ours.  (The meeting with him will help ferret that out).

My recommendation is that we set up a meeting with him for mid-December and
go through our issues in a Transmission101 format, since I think he needs to
go up the learning curve.

Schriber indicated he would try to attend the Nov. 14th meeting in Indy, but
may be conflicted.  He will make sure PUCO staffers attend.

Janine


Today, we are forming Enron Global Services (EGS) in order to more closely align our asset-based businesses.

This reorganization will allow EGS to focus our resources on opportunities that present the highest value to Enron.  It will also accomplish the following:  1) enhanced synergies among our assets and personnel, 2) more effective prioritization of business opportunities, and 3) better management of Enron's asset-based businesses throughout the world.

Enron Global Services' energy asset portfolio includes the North American pipeline businesses of Enron Transportation Services (ETS), including Northern Border; the international pipeline, power and distribution operations of Enron Global Assets & Services (EGAS); Portland General Electric; EOTT Energy Corp; Enron Wind; Azurix and Wessex Water.

Reporting to me as the heads of their respective business units are:
?	Jim Hughes, President & COO - EGS/International
?	Danny McCarty, Managing Director & CCO - ETS
?	Bill Cordes, President - Northern Border Partners
?	Peggy Fowler, President & CEO - Portland General Electric
?	John Garrison, President & CEO - Azurix
?	Dana Gibbs, President & COO - EOTT Energy Corp
?	Colin Skellett, CEO - Wessex Water
?	Adam Umanoff, President & CEO - Enron Wind

With the creation of EGS, we hope to enhance the efficient utilization of our commercial support services.  To accomplish this, EGS' staff and operational functions will be headed by:
?	Rod Hayslett, Managing Director & CFO
?	Rob Walls, Managing Director & General Counsel
?	Phil Lowry, Managing Director, Pipeline Operations and Engineering & Construction
?	Brian Stanley, President & CEO - EEOS
?	Steve Hotte, Vice President & CIO
?	John Ambler, Vice President, Communications & PR
?	Gary Smith, Vice President, Human Resources

In addition, Rob Walls will continue to perform his role as Deputy General Counsel for Enron reporting to Jim Derrick.

Phil Lowry will be responsible for domestic pipeline operations, technical services and engineering & construction, as well as, international pipeline technical services and engineering & construction.  Brian Stanley will be responsible for technical services and engineering & construction for international power and distribution facilities.

Below is an organization chart for Enron Global Services, which displays the changes described here.  We are confident this new organization will focus our talent and capital appropriately.  Please join me in supporting this management team as it strives to maximize Enron's return on its assets.

<Embedded Picture (Metafile)>


Genaro Mendoza@ENRON
01/05/2001 07:46 AM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Agave Price Spreadsheet

Darron,

 Can you please send to me the spreadsheet used to calculate the price for
Agave? We have had price discrepancies and they would like to go over the
different pricing compnents to determine were we differ.

Thanks,
Genaro


Please prepare the following response, and copy Dalton McGrath of Blake, Cassels & Graydon, for Mark Taylor's signature:

"We are writing in reply to your letter of November 16, 2001.  There simply has been no change in the manner or methodology by which the Floating Price for the referenced Transaction has been, and continues to be determined.  Your correspondence and the previous correspondence from your client represents a thinly veiled attempt to renegotiate a transaction without any basis in fact, law or good faith for so doing.  We expect the referenced Transaction to be performed in accordance with its terms, and intend to enforce and pursue all of our remedies in the event of any non-performance by your client.

Please forward all of your future correspondence on this matter to the attention of Mr. Dalton McGrath, Blake, Cassels & Graydon, 3500, 855-2nd Street SW, Calgary, Alberta, T2P 4J8, Fax: 403.260.9654."

____________________________________
Peter C.M. Keohane
Vice President, Assistant General Counsel
and Secretary
Enron Canada Corp.
Phone:	(403) 974-6923
Fax:	(403) 974-6707
E-mail:	peter.keohane@enron.com


---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/28/2000
04:42 PM ---------------------------

Susan Flynn
03/28/2000 10:15 AM
To: Pearsrj@texaco.com, curryrl@texaco.com, ingharl@texaco.com, Robert
Shiring/HOU/ECT@ECT
cc: Brant Reves/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Harold
Bertram/HOU/ECT@ECT (bcc: Sara Shackleton/HOU/ECT)
Subject: Bridgeline Gas Marketing LLC

 We have prepared for your review drafts of the following attached corporate
documents:

1. Unanimous Consent of Members of Bridgeline authorizing financial trading
agreements

2. Unanimous Consent of Members of Bridgeline authorizing the execution of
confirmation letters

3. Incumbency Certificate of Bridgeline with signature specimens of those
individuals authorized to execute confirmation letters

Please be advised that we do not have copies of the organizational corporate
documents for the various Bridgeline entities and therefore someone with
knowledge of the Bridgeline,s corporate structure should review:  (i) the
signature blocks on each of the corporate documents for accuracy and (ii) the
resolutions to confirm the authority given to various officers and/or agents
and-attorneys-in-fact.

 Should you have any questions or comments, please call either Sara
Shackleton at (713) 853-5620 or me at (713) 853-0975.


Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


I'm there!
mike

Office of the Chairman - Enron Industrial Markets

From: Sue Ford on 09/06/2000 02:07 PM
To: Mark Frevert/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Richard DiMichele/Enron Communications@Enron
Communications, david.b.duncan@arthurandersen.com, Bill W Brown/HOU/ECT@ECT,
Jodi Coulter/HOU/ECT@ECT, Jason Rios/Corp/Enron@Enron, Amy Rios/HOU/ECT@ECT,
Raymond Bowen/HOU/ECT@ECT, Kelly H Boots/HOU/ECT@ECT,
richard.walker@chase.com, jfreilly@dlj.com
cc: mmcmahon@swbell.net
Subject: Jeff McMahon Surprise 40th Birthday Luncheon

ssShhhh........................................One for the calendar

Please let me know if you are available to attend a surprise
birthday luncheon for Jeff's 40th Birthday on Monday October
30th at 12noon, more details to follow once I have numbers.

PLEASE KEEP THIS VERY QUIET

Thanks

Sue

Sue Ford (713-853-5176)


NNG		Normal Temp		Actual Temp		Load North
Friday		14			36			2.512 Bcf
Saturday	14			32			2.597 Bcf
Sunday		13			32			2.585 Bcf
Monday		13	Forecast	22			3.150 Bcf

Through the 12th, January is 24% warmer than normal.

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Monday, January 14, 2002 6:40 AM
To:	January, Steve
Subject:

January 2002		Scheduled

Friday 11
West			 (858)
San Juan	              840
East			 (495)

Saturday 12
West			 (859)
San Juan		  855
East			 (472)

Sunday 13
West			  (859)
San Juan		   863
East			  (484)

Monday 14
West			  (859)
San Juan		   847
East			  (461)


FYI, this is typical CCSI.
---------------------- Forwarded by Barton Clark/HOU/ECT on 12/06/99 07:47 PM
---------------------------

"Evans, Peter" <PEvans@mv.catalytica-inc.com> on 12/06/99 06:14:36 PM
To: Chris Holmes/HOU/ECT@ECT, Brad Nebergall/HOU/ECT@ECT, Barton
Clark/HOU/ECT@ECT
cc: "Orwig, Dennis" <DAO@mv.catalytica-inc.com>, "Briscoe, Larry"
<LWB@mv.catalytica-inc.com>
Subject: RE: Latest Option Repurchase Agreement Catalytica7d.DOC

Thanks for sending me the document I requested.

I spoke with Locke Liddell & Sapp. As of 5:30 Houston time they had not
spoken live with ENA legal, but had exchanged non-substantive messages. Chip
Rainey is available tomorrow and will continue to try to reach ENA.

We did discuss Locke Liddell & Sapp's markup in more detail. I now believe
the upshot of their conversation with ENA legal will be that any issues are
minor.

Peter Evans

> -----Original Message-----
> From: Chris Holmes [SMTP:cholmes@ect.enron.com]
> Sent: Monday, December 06, 1999 10:17 AM
> To: pevans@mv.catalytica-inc.com
> Cc: Brad Nebergall; Barton Clark
> Subject: Latest Option Repurchase Agreement Catalytica7d.DOC
>
>
>
> Peter- per  your request, here is  version of the option repurchase
> agreement
> you reviewed with  Bart on the morning of December 3--  we have not yet
> made
> changes reflecting that review.
>
> Chris
> ---------------------- Forwarded by Chris Holmes/HOU/ECT on 12/06/99 12:02
> PM
> ---------------------------
>
>
> Barton Clark
> 12/06/99 11:10 AM
>
> To:   Chris Holmes/HOU/ECT@ECT
> cc:
> Subject:  Latest Option Repurchase Agreement Catalytica7d.DOC
>
>
> ---------------------- Forwarded by Barton Clark/HOU/ECT on 12/06/99 11:10
> AM
> ---------------------------
>
>
> "Lum, Nancy" <nlum@mdbe.com> on 12/03/99 12:46:05 PM
>
> To:   Barton Clark/HOU/ECT@ECT
> cc:
> Subject:  Catalytica7d.DOC
>
>
>
>  <<Catalytica7d.DOC>>
>  << File: Mac Word 3.0 >>


congratulations on the promotion.  let me know what i can do if the effort's
still underway next week.

Best,
Jeff

	Joseph Tambornino <josephtambornino@yahoo.com>
	06/06/2001 12:06 PM
	Please respond to josepht

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re: Admission Round 2

Hi Jeff,

Sorry to hear about the hair.  Did not change
companies, but got a nice promotion a couple of months
ago.  We just started using the new server last month
so we can have our own company address for email,
hence the new email moniker.

Thanks for getting back to me.  If we are still
working on it next week, I will let you know.

JT

--- Jeff.Dasovich@enron.com wrote:
>
> i'm very willing, but if it has to be done this
> week, it ain't going to
> happen----traveling, hair on fire, etc.  let me
> know.  hey, did you change
> jobs?  if so, congratulations.  nice title.
>
> best,
> Jeff
>
>
>
>
>                     Joseph Tambornino
>
>                     <josephtambornino@        To:
>  Sujan Punyamur
>                     yahoo.com>
> <punyamur@haas.berkeley.edu>, Ken Bruce
>
> <kbruce@rfspectrum.com>, Deepika
>                     06/04/2001 06:52
> <dshah@haas.berkeley.edu>, Eric
>                     PM
> <eric.jordan@keynote.com>, Jeff
>                     Please respond to
> <dasovich@haas.berkeley.edu>, "'Lesley Keffer'"
>                     josepht
> <lesley@stsupery.com>
>                                               cc:
>  dimeff@haas.berkeley.edu
>
> Subject:     Admission Round 2
>
>
>
>
>
> Hello Comrades:
>
> Round two of the admission process is onto the
> acceptance stage and Diane has called upon us again
> to
> rally round the phones and corral these new admits.
> We have about 85, so with 7 of us, that translates
> to
> about 12 contacts apiece.
>
> Please confirm your willingness and availibility so
> I
> can send out the lists ASAP.  TJ tells me that they
> want these calls made this week.
>
> Thanks, again  (and you thought you were enjoying
> your
> summer--except for the Enron manager, of course)
> ;-]
>
>
> JT
>
>
> =====
> Joseph Tambornino
> Vice President
> Hall Equities Group
> (925) 933-4000
>
> __________________________________________________
> Do You Yahoo!?
> Get personalized email addresses from Yahoo! Mail -
> only $35
> a year!  http://personal.mail.yahoo.com/
>
>
>
>

=====
Joseph Tambornino
Vice President
Hall Equities Group
(925) 933-4000

__________________________________________________
Do You Yahoo!?
Get personalized email addresses from Yahoo! Mail - only $35
a year!  http://personal.mail.yahoo.com/


I should have the originals tomorrow.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


I thought you might be interested in reading this web page: I LOVE YOU!
http://www.cog7.org/ubbpub/Forum3/HTML/000068.html


Today, IntercontinentalExchange launched financial swaps settling against our Power and Natural Gas indices.  Two new products, NG Fin Sw Swap, FP for ICE and Fin Swap-Peak, FP for ICE are now listed for the Henry Hub in Natural Gas and for Cinergy and PJM-West in Power.  Please include these new markets in your portfolios.


PLEASE READ THIS IMPORTANT INFORMATION CONCERNING THE ENRON STOCK FUND IN THE ENRON CORP. SAVINGS AND ESOP PLANS

On Friday, January 11, trading of Enron stock was suspended on the New York Stock Exchange (NYSE).  All Savings and ESOP Plan transactions, including 401(k) payroll contributions,  involving this fund were placed in a pending status until trading resumed.

As announced by Enron's Office of the Chair on Wednesday, January 16, Enron stock would now be traded Over The Counter (OTC).  Upon receiving this information, work began immediately to develop a process that allows for OTC trades in the plans.

On Thursday, January 17, Enron initiated a process to facilitate OTC trades of Enron stock inside the 401(k) and ESOP and all pending transactions were processed using Thursday's closing price.

Now that trading has resumed, we urge you to review your investment elections to ensure that they are consistent with your investment goals.

As things change, we will continue to update you.

Enron Benefits Department


Please look at the attached.  If there are some things missing, please let me know.  If some things on the list are not applicable, please note that too. Just send your deletions/additions to me via email.  If you can get this to me by the end of the day Wednesday, that would allow us to proceed with Questar all the sooner.

Thanks,

Mark

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com


Przepraszam, ze tak dlugo nie odpowiadalem. Nasz team mial zaplanowany
wspolny wieczor w piatek, ale nic nie bylo pewne, poniewaz mamy duzo osob sie
rozchorowalo. Z tegoz powodu wieczor zostal odwolany, a ja jestem wolny.
Jesli nadal nie ma Pan planow na piatkowy wieczor, to ja jestem jak
najbardziej za spotkaniem.

J

Vince J Kaminski
12/19/2000 10:05 AM
To: Julius Zajda/LON/ECT@ECT
cc:

Subject: Re: Lunch

Juliusz,

Sorry, I have to cancel the lunch meeting today.

Pleas, give a call sometimes today. Maybe we can meet for drinks Friday
afternoon.

I am taking the next week off.

Vince

Julius Zajda
12/19/2000 09:25 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Lunch

Dzien dobry,

Mam nadzieje, ze nic sie nie zmienilo i jestesmy umowieni na dziesiejszy
lunch. Proponuje sie spotkac o godzinie 12.00 na parterze obok biurka
"security ladies" (bo wiem gdzie to jest). Ubrany jestem w czarne spodnie,
bezowe buty i szara bluze. Nie jestem pewien czy bede mogl przeczytac
potwierdzenie, bo od 10 do 11.45 przeprowadzam szkolenie.

Juliusz


I'm fine with Randy's suggestion.  Let me know about you and I'll e-mail
Randy back.  I am still planning our Friday morning call (it should be short)
because I want your input on "tracking projects".  Brent will participate and
I haven't heard from anyone else.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/13/99 08:54
AM ---------------------------

Randy Young@ENRON_DEVELOPMENT
10/13/99 06:59 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: S. Cone Trading Issues-Request

Sara,

Given the deal pressure we expect in the last quarter of 99,especially in
origination, I am trying to eliminate as many duplicative meetings as
possible.  Instead of having Andrea Bertone attend this weekly meeting, could
you and Lynn Aven attend my legal staff meeting (along with Brent Hendry and
Rick Hopkinson, who are already scheduled to attend) each week? They are held
on Tuesdays at 10:00 am SP time. That way, we can get a direct report from
you with a synthesized summary of the issues.  If you need to consult with
Andrea, Robert or me on an offline basis, you can let us know in the meeting,
and we will arrange a separate call. I believe this would be more efficient.

Thanks, and please let me know,

Regards,
Randy

---------------------- Forwarded by Randy Young/ENRON_DEVELOPMENT on 10/13/99
09:33 AM ---------------------------

Andrea Bertone
10/13/99 08:33 AM
To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: S. Cone Trading Issues

OK. I'll do it.

Randy Young
10/12/99 02:17 PM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: S. Cone Trading Issues

Can you try to make this?  Hopefully, it will not take up much time.  I would
want to get a summary download of issues from you in our weekly meetings.
Thanks, ry
---------------------- Forwarded by Randy Young/ENRON_DEVELOPMENT on 10/12/99
02:17 PM ---------------------------

Sara Shackleton@ECT
10/12/99 12:09 PM
To: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark E Taylor/HOU/ECT@ECT, Randy
Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: S. Cone Trading Issues

In an effort to establish regular communication on the progress of trading
issues (primarily related legal and tax perspectives)  in the S. Cone, Lynn
and I have agreed to conference on Friday, October 15 at 9 am (Houston time)
and weekly at that time.  Would anyone else like to participate this Friday?
If you are interested in participating on a weekly basis, are Fridays at 9 am
(Houston time) convenient for you?  My immediate concerns are financial
trading issues.  However, we can focus on all relevant issues as we so
determine.  I will create a "short list" to initiate discussion.  Thanks.
Sara


As I understand the situation, Plains and Tri-State have indicated their
intent to close the merger.  Tim's best intelligence is that a June 1 closing
date is the best they can hope for and it may be late June or later.  Also,
until the deal actually closes, there is always a small chance it could come
undone.  If we get Gallup in service May 1, we have a 1 month or greater bust
between our in service date and the date the cheap electric rate kicks in.
Has Courtney got this covered?  I suspect he's been thrashing around so much
on locking in the swap that it hasn't been on his radar screen.

I think we should formally notify ECS that we expect them to negotiate a
favorable interim power deal to cover the gap between our in service date and
the merger closing.  (the difference between the $.038 and .067 rate was
about $200,000/ month as I recall, so this is worth some real $$$)  Also, we
ought to remind Courtney that he is still obligated to find a better deal for
us if the merger goes south for some reason.  I drafted a letter  awhile back
that could be updated for this purpose.  Susan, assuming Steve and company
agree, could you follow up on this (I'm having Martha email it to you).  The
contract requires us to notify ECS by March 1.  Thanks.  DF


Dale,

I agree with your proposed changes

fletch


I will not be arriving in BA this week.  Will you be available either Sept.
23 or 24?  I will be in Enron's BA office on those two days.  I can meet at
your convenience.

With respect to your comments to our ISDA Schedule, please let me know when
to expect your comments.  You previously indicated that I would receive
comments by Sept. 10.

Also, could you please fax the article.  It was apparently scanned.  We can
only open word documents and we cannot open the article which which was sent
and resent on Friday, Sept. 10.

Thanks.  Sara


Shirley,

Can you get tickets for either night Ehud mentioned?
Maybe Vasant and Zimin can join us?

Vince
 -----Original Message-----
From: 	"Ehud I. Ronn" <eronn@mail.utexas.edu>@ENRON [mailto:IMCEANOTES-+22Ehud+20I+2E+20Ronn+22+20+3Ceronn+40mail+2Eutexas+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 20, 2001 11:08 PM
To:	Kaminski, Vince J
Subject:	1.  London, June 28 - 29; 2.  Houston, July 16 - 17

Vince:

Greetings.

I write at this time for two reasons.  First, w.r.t. 6/28 - 6/29 London, I
remain uncertain whether you intend personally to attend and present at
that EPRM Financial Math course.  I wanted to advise you know that, in
addition to the sightseeing/theatre we traditionally do at these events, we
-- you, Duane Seppi, Peter Nance and I -- have been invited to dinner at
the home of Klaus and Renee Toft Sat. evening 6/30.

Second, w.r.t. the subsequent mid-July Houston training course, I write to
remind you that at EPRM 2001 we discussed the possibility of jointly
attending a baseball game at Enron Field 7/16 or 7/17.  Per the Astros'
schedule, it turns out the Cleveland Indians will be in town both nights
for a 7:05 p.m. first-pitch start time at the Field.  Let me know if either
7/16 or 7/17 works out from your perspective.

Hope all is well.  Best,
Ehud

==============================================
     Ehud I. Ronn
     Jack S. Josey Professor in Energy Studies
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


To: All Attendees

Due to extenuated circumstances, today's meeting 2:00 - 3:00 pm. (Enterprise Portal/Information Management Project Meeting) will be cancelled. We will you with an alternate meeting time as soon as possible.

Thank you for your patience.

Best Regards,

Anthony Mends


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
BROWN, WILLIAM W                LOUISE KITCHEN                  Nov 02, 2000
BRUCE, DANIEL                   PHILIPPE A BIBI                 Nov 10, 2000
DETMERING, TIMOTHY J            JEFFREY M DONAHUE JR            Oct 31, 2000
DOSHIER, RAYMOND W              KEVIN P HANNON                  Nov 13, 2000
FITZGERALD, JAY L               LOUISE KITCHEN                  Nov 13, 2000
GARNER, BRUCE                   LOUISE KITCHEN                  Oct 27, 2000
GROS, THOMAS D                  LOUISE KITCHEN                  Nov 13, 2000
MCMAHON, JEFFREY                MARK A FREVERT                  Oct 31, 2000
ZIPPER, ANDREW A                LOUISE KITCHEN                  Nov 13, 2000


Hi John

You must have told CA to take a rest while you were in Florida - all was
quiet and now my office is now clean (I didn't know what to do with my time
so....).  Now that you are back,  I'm wondering if my peace and quiet will be
shattered. Meanwhile,  I hope you and your family had a wonderful break.

And back to work, we are meeting on Tues morning at  900 Houston time to
discuss block forward trades - do you think you can participate?  If not, no
big deal.  Talk to you soon.


Actually we got a deal term sheet from them late yesterday, so i guess they
agreed to the changes.


RIGZONE DAILY NEWS -- FRIDAY, FEBRUARY 22, 2002
------------------------------------------------------------
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to:
   http://www.rigzone.com/newsletter_show.asp?n_id=228
------------------------------------------------------------


FYI, we decided to extend the deadline for submitting comments to Wednesday
noon, September 20.? Thanks.

-----Original Message-----
From:?? Suwara, J.- TPJUS
Sent:?? Monday, September 18, 2000 10:02 AM
To:???? 'Amirault, Paul@AEC'; 'Baldwin, Mark@IGS'; 'Beach,
Thomas@Crossborder'; 'Bettwy, Andy@SW'; 'Binger, Gary@ABAG'; 'Blue,
Greg@Dynegy'; 'Brady, Matthew V'; 'Burkholder, John@WHP-Beta'; 'Cattermole,
John@PanCanadian'; 'Chan, Alvin@LADWP'; 'Chancellor, Craig@Calpine';
'Counihan, Rick@Green Mountain'; 'Cragg, Brian@gmssr'; 'Dame, Donald@NCPA';
'Davis, Ronald@Burbank'; 'Day, Michael@GMSSR'; 'Dill, Thomas@WHP-Lodi';
'Dingwall, Brian@UEM'; 'Elsesser, Evelyn@IP'; 'Farrar, Darwin@CPUC';
'Finigan, Dave@ABAG'; 'Gileau, Patrick@CPUC'; Sullivan, Glen J.; 'Hawiger,
Marcel@TURN'; 'Hensman, Kevan@Aera'; 'Hernandez, Jose@LIF'; 'Hightower,
Rufus@Pasadena'; 'Hilen, Christopher@Reliant'; 'Hinners, G@Reliant';
'How-Downing, Lindsey@dwt'; 'Ing, Gloria@SCE'; 'Jaske, Michael@CEC';
'Jimison, John'; 'Joseph, Marc@CCUE'; 'Jun, Christine@aelaw'; 'Karp,
Joseph@Whitecase'; 'Katz, Stefanie@SET'; 'Kelly, Steven@IEPA'; 'Kolling,
Grant@Palo Alto'; 'Leslie, John@Luce'; 'Maan, Raveen@palo alto'; 'McCrea,
Keith@CIG/CM'; 'McTarnaghan, James@gmssr'; 'Moench, Mark@KR'; 'Oechsler,
Ronald@Navigant'; 'O'Neill, Edward@EPNG'; 'Paul, Joe@Dynegy'; 'Pedersen,
Norm@SCGC'; 'Pelote, Roger@Williams'; 'Pettinato, Bob@LADWP'; 'Pocta,
Mark@ORA'; 'Poole, Edward@Anderson'; 'Porter, Doug@SCE'; 'Power, Patrick@LB';
'Reid, Al@PanCanadian'; 'Rochman, Michael@CUB'; 'Rochman, Michael@SPURR';
'Scott, Susan@TW'; 'Skaff, Andy@Dynegy'; 'Tachera, Jennifer@CEC'; 'Thompson,
Mike'; 'Walley, John@SWGas'; 'Weil, James@Aglet'; 'Wood, Bill@CEC'; 'Worster,
Gerard@TXU'; 'Yap, Cathy E.'; 'Yip, Kelvin@SEC'

Cc:???? Sullivan, Glen J.; Lorenz, Lad - TPLPL; Betonte, Robert - TP2RSB;
Follett, B. David - TPDBF; Angeles, Zenee G. - TPZGA; Schavrien, Lee

Subject:??????? FINAL Language Changes for GIR Settlement

Attached for your review and comment are the final changes to the
Comprehensive Settlement due to the withdrawal of Altra.? Please provide your
comments by noon, Tuesday, September 19, 2000.? Thanks.

?<< File: settlementrevTPSP.doc >> ????? << File: ld2d-#75672-1.DOC >>? <<
File: ld2d-#75690-1.DOC >>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/01/2001 04:44 PM ---------------------------

"Joanna Vidal" <jvidal@riskwaters.com> on 05/01/2001 03:43:11 PM
To:	<ds64@cyrus.andrew.cmu.edu>, "Geman Helyette" <p_geman@essec.fr>, <vkamins@enron.com>, <kaminski@aol.com>, <pnance@teknecon.com>, <chris.harris@innogy.com>, <eronn@mail.utexas.edu>, <sama@dynergy.com>
cc:
Subject:	London, New York, Houston, Financial Mathematics June/July 2001

Hello Speakers!

My name is Joanna Vidal and I am the coordinator  for the Financial Mathematics Training course being in held on the following  dates:

London on June 28 & 29
New York on July 9 & 10
Houston on July 16 &  17

I am in the process of preparing the speaker packs  which will include an updated contact information sheet with all your  details.  You will receive this pack shortly after you confirm your  addresses.  I will list them below and I ask that you please look it over  and make any necessary corrections.

 My contact details, for your information  are:

Joanna Vidal
Events  Coordinator
Risk Waters Group
T: (212) 925 1864 ext. 197
F: (212) 925  7585
jvidal@riskwaters.com
www.riskwaters.com

Thank you and I look forward to working with  you.

Duane Seppi
Carnegie Mellon University
Graduate School of Industrial  Administrations
Pittsburgh, PA 15213-3890
T: 001 412-268-2298
F: 001 412-269-8896

Helyette Geman
Universite de Paris Dauphine
Finance Department au de ka Grand  Ecole
Corgy Pontois, Paris
France 95021
T: 00 33 60-807-4200

Vincent Kaminski
Enron Credit
1400 Smith Street
Room EB1962
Houston, TX 77002-7361
T: 001 713-853-3848
F: 001 713-646-2503

Peter Nance
Teknecon, Inc.
1515 S. Capital of Texas Highway
Suite 101
Austin, TX 78746
T: 001 512-732-7084
F: 001 512-732-7099

Chris Harris
Innogy Holdings Place
Windmill Hill Business Park
Whitehill Way
Swindon, Wiltshire
UK, 5N5 6PB
T: 44 793 387-7777
F: 44 793 389-7811

Spyros Maragos
Dynergy, Inc.
1000 Louisiana Street
Suite 5800
Houston, TX 77002
T: 011 713-507-6589
F: 001 713-767-5958

Ehud Ronn
University of Texas at Austin
Department of Finance
McCombs school of Business
Austin, TX 78712-1179
T: 001 512-471-5853
F: 001 512-471-5073


Joan,

Thanks. I would appreciate the full report.

Vince

	Joan Stransky @ ENRON
	04/09/2001 01:50 PM

To: Julie A Gomez/HOU/ECT@ECT, Doug Leach/HOU/ECT@ECT, Susan
Miller/ENRON@enronxgate, Kimberly Watson/Enron@EnronXGate, Denis
Tu/FGT/Enron@ENRON, David Rosenberg/FGT/Enron@ENRON, Vince J
Kaminski/HOU/ECT@ECT, Elizabeth Linnell/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Steven
Harris/ET&S/Enron@ENRON
cc:
Subject: Cambridge Energy Multi-Client Study

Please note the attached document from Margaret Carson:


Due to a number extenuating circumstances, the deadline for completion of final allocations has been changed from this Friday, September 14th, to next Wednesday, September 19th.  I have attached an updated list of Key Dates for the 2002 Plan.  Please note that no other dates have been adjusted.  The due date for the full plan remains Thursday, October 4th.

Additionally, the Plan format files (in excel form) that are scheduled to be distributed on September 20 per the plan calendar will likely be distributed tomorrow.  It would be beneficial if you or your designee could attend the Adaytum user group meeting tomorrow, as Greg Adams and I will be discussing what is in the file and we will be reviewing the Plan Excel/Adaytum strategy going forward.

Thanks,
Steve


This is the first analysis of 'Twingate'  that points out the obvious. John Williams exposes the exploitation of an unfortunate incident by two Austin  promoters who are also Democrat activist. The conduct of  the teenage twins is indefensible; Chuy's  conduct is outrageous.

The girls made a silly mistake; Chuy's made a calculated grab for commercial promotion, at best, and engaged in despicable dirty political activity at worst.Chuy's smug press release confirms either or both conclusions.

The twins will pay a price for their conduct. I hope every parent, conservative, and other decent Texans that abhors shameless exploitation of the underage girls, will ensure that Chuy's pays a price for their conduct.

I will not set foot in Chuy's and ask that everyone with a sense of decency join in expressing their outrage at Chuy's despicable conduct. In Texas we have the choice of an abundance of Tex-Mex in less hostile environments.

Jack Rains
Houston

P.S. I urge you to share your thoughts on this subject with your friends and family.

		        HoustonChronicle.com
   HoustonChronicle.com logo    HoustonChronicle.com        Houston4u    personal start page         Pick a section Home Page Business Classifieds Columnists Comics Community Directory Entertainment Features Forums Health Help Inside Story Marketplace Metropolitan Page 1 News Search Archives Site Map Space Sports Travel Weather   Section: Local & State  Section: John Williams: Politics      Current stories in this section:  Williams: The 411 on Chuy's decision to call 911   Taiwan leader's stay in Houston goes peacefully   State candidates jockey for position   Gift for yodeling sets young singer apart from others   Dr Pepper, Tx. celebrates drink plant's 110th   Fan access is a big hit for Enron   3-alarm fire guts Atascocita church   2 hospitalized after pickup nearly runs down officers   Powerboat racer Carmody killed in accident   Legislators requesting vet school   Attorney general intervenes in lawsuit against DNA bank   State seeks to regulate Web doctors, druggists   Pair riding to 30 big-league parks for charity   Challenger ekes out win in Montgomery runoff   Tour boats operator faces charges   4th wildfire burns near Fort Davis   Mars conquers the evening skies this month   Track coach Jack Petty dies   Crime Stoppers: Five men sought in shooting   Houston's international scene   Area briefs        	    Printer-friendly format      June 4, 2001, 12:54AM  The 411 on Chuy's decision to call 911   By JOHN WILLIAMS  Copyright 2001 Houston Chronicle   The first call from Chuy's restaurant at 10:45 p.m. Tuesday went to the 911 dispatcher in Austin.   The emergency? Two underage women wanted alcoholic beverages. One had an I.D. of another person old enough to drink.   It may be the first time a restaurant has considered underage drinking worthy of an emergency call in the home of the state's biggest university, said Becky Stewart, emergency services director for the Capital Area Planning Council. CAPCO manages Austin's regional 911 system.   But the two in question had familiar names. They were Jenna and Barbara Bush, the president's 19-year-old twin daughters.   Perhaps the call is understandable. No big-dollar restaurant wants to risk its liquor license by serving alcohol to someone under 21.   Tip for newsmen questionable  The second call from Chuy's management, however, is harder to defend.  Chuy's tipped the Austin American-Statesman to the scoop about the president's partying scofflaws. Amid deadline pressure and ethical questions, the newspaper didn't print a report until Thursday.   By then, the Bush family affair, rightly or wrongly, was everybody's business. It went international. Chuy's was mentioned in newspapers worldwide.   "That can't be bad for business," mused an Austin political consultant and frequent Chuy's diner.   The success story of the restaurant chain may shed a little more light.   Chuy's was started by Michael Young and John Zapp in a city that loves its Mexican food. Young has been the main mover and shaker, helping expand the restaurant chain to Houston, Dallas, Arlington and San Antonio, and starting other profitable businesses.   Described by one friend as having a Willie Nelson grin, Young is a laid-back Austin denizen and minor Democratic player in Travis County politics.   Young has strong opinions and occasionally attends party fund-raisers, though acquaintances said he has not taken front-line positions on any major issues.   He has an amazing ability to get attention for his restaurant.   When Kenneth Starr was investigating the Bill Clinton-Monica Lewinsky affair, Chuy's sold more than 1,000 T-shirts with a cartoon of Clinton shaking his finger and saying, "I did not have Tex-Mex with that woman."   Young also appeared for free in a Southwest Airlines commercial with the airline's legendary boss, Herb Kelleher. Young got the gig, which garnered free publicity for his restaurants, through adman Roy Spence, a friend and business partner who runs in Democratic circles.   Last year, Spence and Young joined others to create Glazing Saddles Ltd., which owns the Krispy Kreme doughnut shops in Austin and San Antonio.   "I like Michael because he has built a culture where his people do the right thing, they are a big family," Spence said. "His people serve the customers right, they prepare the food right, they take care of business right."   Twins' actions hard to explain  Was it right to dial 911? Many eateries might have refused to serve the Bush daughters and left it at that.   The twins' behavior is likewise hard to defend or explain. The incident came two weeks after Jenna Bush made national headlines when she pleaded no contest to an earlier underage drinking charge. Did they believe no one in Austin would recognize them, or notice the Secret Service agents nearby?   The White House has described the incidents as private family matters. If the twins' mother, first lady Laura Bush, and grandmother, former first lady Barbara Bush, decide to apply a dose of old-fashioned tough love, it couldn't be any more painful than Thursday's front-page headline in the New York Post: "Jenna and Tonic. Bush daughter in new booze incident as twin sister watched."   For Chuy's, it's a different matter. Perhaps the restaurant management, with its Democratic ties, is privately reveling in the Republican first family's public embarrassment.   The restaurant did not return calls about its decision to publicize the incident.   But Thursday afternoon, the restaurant released a statement -- or more precisely, an understatement: "We sincerely regret any inconvenience this has caused the first family."      John Williams' e-mail address is john.williams@chron.com .  Return to top          	  Click on banner for more information                             Change Your Mind! Change Your Life! section C, page 3


Tanya,
               We care about PORTFOLIO VALUE CHANGES, not log-returns of a
single contract, which has extremes in the behavior and can be fit to a
fat-tailed distribution.   A 1.20 basis move, with 500 BCF position, is an
extreme event, anyway you slice it.In the literature, as elsewhere, I agree
for a single contract log-returns, they don't divide by vols.

Regards
Naveen

Tanya Tamarchenko@ECT
11/10/2000 04:17 PM
To: Naveen Andrews/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT

Subject: Re: looking for "Fat Tails" in time-series for NGI-SOCAL

Naveen,

I got NGI-SOCAL prices for prompt, prompt+1,...,prompt+59 contracts.
For each contract I calculated moving average based on 21 log-returns as
well as moving volatility. Then I calculated normalized log-returns:

[ return(t)-ave(t) ] / vol(t)

and compared the results to normal distribution.

I COULD NOT FIND Fat Tails!

Volatility changes a lot from day to day, so when people look at
log-returns (not normalized) it seems that there fat tails (big spikes, large
returns more frequent than normal),
which comes from the fact that volatility is not constant (at all).

See the spreadsheet is under O:\_Dropbox\Tanya

Tanya


Jeff, didn't realize everyone else was going to use narrative format.  Now
that I've had a chance to think about it, I think ours will look silly if
it's in Q&A format.  I'll work on changing it this evening.

---------------------- Forwarded by Susan Scott/ET&S/Enron on 05/01/2000
12:14 PM ---------------------------

Jeffery Fawcett
04/28/2000 04:32 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Transwestern GIR Testimony

fyi

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 04/28/2000
04:30 PM ---------------------------

"Cherry, Brian - TPBKC" <BCherry@sempra.com> on 04/28/2000 04:25:23 PM
To: "'Jeffery.Fawcett@enron.com'" <Jeffery.Fawcett@enron.com>
cc:

Subject: RE: Transwestern GIR Testimony

Thanks Jeff.?? Your testimony is in the Q&A format, not the narrative, but
I'm not certain that will be a problem.? Originally, I was thinking we would
package the testimony here and send them out to the ALJ in a one-piece
package.? Because I'm not sure we will be able to do that logistically given
the last minute changes I expect, we may all just file separately.? I'll let
you know Mon-Tues what we decide.

-----Original Message-----
From: Jeffery.Fawcett@enron.com [mailto:Jeffery.Fawcett@enron.com]
Sent: Friday, April 28, 2000 2:11 PM
To: bcherry@sempra.com
Cc: Tom Beach; Rick Counihan; Paul Amirault; Mike Day; Mike Alexander;
Michael Rochman; Mark Pocta; Keith McCrea; John Leslie; John Jimison;
Joe Paul; Jeff Dasovich; Rob Foss; Evvie Elsesser; Doug Porter; David
Bayless; Dan Douglass; Craig Chancellor; B Dingwall; Tom Dill; Jim
Fossum; Bob Shively; Wayne Sakarius; Tom Brill; Steve Watson; Rick
Morrow; Ralph Purves; Lad Lorenz; Jim Teeter; Jim Harrigan; Eric Nelson;
Dave Follett; Jan Van Lierop; susan.scott@enron.com;
mbaldwin@igservice.com
Subject: Transwestern GIR Testimony

Brian,
I'm forwarding to you the first draft of Transwestern's GIR testimony.? As
you can see, there are several holes yet to be filled in, particularly with
respect to cites/references.? However, as concerns content, I'd appreciate
any comments/proposed changes anyone would like to offer here.? I'm not
sure if I have the latest Email distribution list, so please feel free to
forward this on to anyone I've inadvertently left off.? Thanks.

(See attached file: jcftestimony.doc)


I had a brief conversation this morning with John Suttle (Credit) and it
looks like he's going to insist on the CSA.  We are going to talk tomorrow
and go through the whole agreement to get the rest of his comments.  While we
have documentation for transactions entered into prior to execution of a
master agreement, the extent of their revisions makes me very uneasy.  Many
of these points are very serious and if they can not agree we will have
trouble coming to agreement even on the short form documents.  It would be
helpful if they could explain the changes rather than just sending us a
mark-up.

Following are my points responsive to their revisions:

Part 1 (a)  The addition of our affiliates has the affect of expanding the
possible defaults too broadly and we cannot agree to these changes (for
example, this would mean that if any Enron affiliate went into bankruptcy
this agreement would be in default).

(g)  This provision provides additional flexibility without any credit risk
to the other party.  It should remain in place unless IBJ can articulate a
reason to remove it.

Part 3 The language inserted is much to vague.  Our original version spells
out exactly what is expected of the parties.  If the documents we listed are
not acceptable, IBJ should tell us now what would be acceptable and if we
agree we will put it in the agreement.

Part 4 (f)  By deleting the word "not" in this provision, IBJ is saying that
payments due to each other with respect to the same transaction will not net
(i.e. if we are paying fixed and they are paying floating, we each have to
make the full payment to the other rather than netting the two amounts to one
payment).  This is not acceptable.

(h) If IBJ will use their NY branch as agent, we should use Enron Corp or ENA.

Part 5 (a) Our suggested language allows the purchaser of an option to
receive payments due even though technically in default under another
provision of the agreement.  Our position is that if there are no other
possible payment requirements due from the purchaser, the option should be
honored.

(c)  The section we delete requires that the market makers be in the same
city.  For many markets in which we participate, it is very difficult, if not
impossible, to find multiple market makers in the same city.

(e)  The change to 10 business days is much too long.  This means we can not
have certainty as to the terms of the transaction for two weeks!  We can go
as high as three days if necessary but even that is beyond common market
practice.

(g)  Their changes remove the ability to set off against obligations owed to
multiple Enron companies if they default and only allows set-off with each
IBJ branch as a separate entity.  This may not be an issue if we will never
trade or otherwise transact with them in any other Enron company and if we
will never do business with any other branch of IBJ.  We usually don't like
to restrict ourselves that way.

(i)  We absolutely insist on the confidentiality of our transactions.  If
there is some revision to this section they would like we can discuss it but
wholesale deletion is out of the question.

(j)  As with Part 1 (g) this section adds flexibility to both parties while
maintaining flexibility within the corporate family.  Given the frequency
with which Enron moves businesses around within the family, this section is
important to us.

(k)  This section results from an experience we had with a counterparty that
went into bankruptcy (and therefore default) while they were in the money.
We disputed the amount owed and under the terms of the agreement (without our
revision) we would have owed them interest at their cost of funds - a rather
high rate given their status as a bankrupt.  We feel the non-default rate is
more appropriate.

(m)  I can't imagine why they wouldn't want this section included - it
protects us both.

(n)  You know more about this than I.

Part 6  These are all important issues for us and we can discuss them
individually if they object for some articulated reason.  If these provisions
are not included here they will need to be included in each confirmation (a
significant burden for our back office systems which are not set up for it)
and we need to know now if they object to any of them.

Other revisions that they have made are acceptable unless Credit objects.  I
hope this is helpful and sorry to have run on so long.  I'm happy to discuss
any of these issues at greater length if you want.  It sounds to me like
IBJ's expectations regarding execution of documents are a bit high given the
volume and nature of their comments.

	John Viverito@ENRON
	09/05/2000 09:06 PM

		 To: Tom Bruce-Jones/LON/ECT@ECT
		 cc: Jonathan.Whitehead@enron.com@ECT, Kevin Cordesman/HOU/ECT@ECT, Steven
Kleege/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Tom-

As far as the progress on the ISDA documentation, I am awaiting feedback from
both legal and credit in Houston.

Could you provide me with the details of the proposed transaction(s).  I note
that I have copied Mark Taylor on this correspondence, as I will need to get
his input regarding our most efficient going forward strategy.

Thanks,

John

	Tom Bruce-Jones@ECT
	09/05/2000 09:36 AM

		 To: John Viverito/Corp/Enron@ENRON
		 cc: Jonathan.Whitehead@enron.com, Steven Kleege/HOU/ECT@ECT, Kevin
Cordesman/HOU/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

John
I have just had IBJ on the phone again asking for a progress report on the
ISDA docs.  Have we managed to move this forward, bearing in mind Labour Day,
since he is very keen to commence trading on Monday next.  He suggested that
he would be comfortable in trading prior to the implementation of the docs
for these initial trades as per Jonathon's previous comments in past mails.
Are we comfortable doing this if we cannot resolve the issues on the docs?

They are also very keen to see the draft confirms for the proposed trade
(Steve, I have just heard from Rob in the vid conf that the proposed volumes
may prove difficult to take on the books??).  Please advise as to our
capability so that I can convey this to him in the morning.

Best regards
Tom

From: John Viverito@ENRON on 01/09/2000 02:48 CDT
To: "Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
cc: hirohide.yabuki@ibjbank.co.jp, Jonathan.Whitehead@enron.com,
kazunobu.maeda@ibjbank.co.jp, teruyo.suzuki@ibjbank.co.jp,
Tom.Bruce-Jones@enron.com

Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Dear Mr. Konishi-

Thank you for your comments.  We will attempt to respond to you prior to the
holiday in the US, but if we are unable to do so, we will respond shortly
thereafter.

Best regards,

John Viverito

	"Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
	09/01/2000 02:31 AM

		 To: <John.Viverito@enron.com>
		 cc: <Jonathan.Whitehead@enron.com>, "Tom Bruce-Jones"
<Tom.Bruce-Jones@enron.com>, "teruyo.suzuki" <teruyo.suzuki@ibjbank.co.jp>,
"Maeda san" <kazunobu.maeda@ibjbank.co.jp>, "hirohide.yabuki"
<hirohide.yabuki@ibjbank.co.jp>
		 Subject: Fw: IBJ ISDA MASTER AGREEMENT

Dear Mr.Viverito

Attached Word file is ISDA draft amended by our legal desk.
(please take the amended points as our comment on your draft)
Please check it all and kindly reply ASAP.
(CSA is not acceptable as I mentioned you before, and we'll check your
LETTER OF CREDIT after
the schedule is almost agreed)

In your draft, we cannot understand the meaning of "EDGAR" on page4,
so please show us what it is.

We are very hoping to conclude this process rapidly.
So, I very much appreciate it if you could send back your comment before
Holiday in U.S.(4th Sep)
(it's ok if only the rough prospects of concluding ISDA)

Best regards,
Konishi IBJ Tokyo
81-3-3214-1008
----- Original Message -----
From: "Teruyo Suzuki" <teruyo.suzuki@ibjbank.co.jp>
To: "Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
Sent: Friday, September 01, 2000 3:58 PM
Subject: Re: IBJ ISDA MASTER AGREEMENT

> ISDA DraftI_X"?,d`-t,?,?,?,?,?_B-?-O
> ----- Original Message -----
> From: "Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
> To: <John.Viverito@enron.com>
> Cc: <Jonathan.Whitehead@enron.com>; "Tom Bruce-Jones"
> <Tom.Bruce-Jones@enron.com>; "teruyo.suzuki"
<teruyo.suzuki@ibjbank.co.jp>;
> "Maeda san" <kazunobu.maeda@ibjbank.co.jp>
> Sent: Wednesday, August 30, 2000 9:59 PM
> Subject: Re: IBJ ISDA MASTER AGREEMENT
>
>
> > Dear Mr.Viverito
> >
> > Thank you very much.
> > Now we start checking your draft and maybe we can return comment on this
> > Friday.
> >
> > Please be advised following points at this time.
> > 1)Part 6 on the schedule is needed to be deleted.
> >   We think that it's enough if the terms in Part 6 are referred in the
> > individual confirmation.
> > 2)ISDA Credit support annex is not acceptable
> >   Unfortunately, we don't have internal system for concluding CSA with
> > non-financial entity.
> >
> > Please keep support us for concluding ISDA ASAP for our business in near
> > future.
> > If any question, please feel free to contact me.
> >
> > Best regards,
> > Konishi /IBJ Tokyo 81-3-3214-1008
> > ----- Original Message -----
> > From: <John.Viverito@enron.com>
> > To: <yamato.konishi@ibjbank.co.jp>
> > Cc: <Jonathan.Whitehead@enron.com>
> > Sent: Wednesday, August 30, 2000 5:31 PM
> > Subject: IBJ ISDA MASTER AGREEMENT
> >
> >
> > > Dear Mr. Konishi,
> > >
> > > Attached hereto, is the draft ISDA documentation, for your review.
> > > Included are the Schedule, the Credit Support Annex and the Enron
Corp.
> > > Guaranty.
> > >
> > > I apologize for the delay in the preparation and distribution of these
> > > documents.
> > >
> > > We look forward to receiving your comments.
> > >
> > > Best regards,
> > >
> > > John Viverito
> > >
> > >
> > > (See attached file: IBJ Schedule 30.08.00.doc)(See attached file: IBJ
> CSA
> > > 30.08.00.doc)(See attached file: IBJ EC guarantee 30.08.00.doc)
> >
> >
>

 - IBJ Schedule 31.08.00.doc


Teco Tap       78.125 / HPL Gas Daily


thanks.  would it be a violation of interstate commerce to keep press from
alberta from crossing the border into the states?