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--------------------T O P S T O R I E S--------------------

Top Stories (February 8)

CALIFORNIA POWER GRID OPERATOR EXTENDS STAGE 3 ALERT THROUGH THURSDAY
The operator of California's high-voltage power grid declared its highest
state of alert for Thursday, saying operating power reserves on the grid
remained at or near 1.5%.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/08/eng-djn/eng-djn_000041_122_226998959668

POWER SUPPLIERS BALK AT BEING BILLED FOR UTILITIES DEFAULTS
A group of power suppliers complained to federal regulators Thursday, after
the California Power Exchange tried to hold them responsible for hundreds of
millions of dollars in electricity bills defaulted on by the state's two
largest utilities.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/08/eng-djn/eng-djn_230042_186_479729677085

BARTON SEES ENERGY POLICY BILL INCLUDING POWER DEREGULATION
The national energy strategy legislation that is a top priority for the Bush
administration and Congress will contain provisions restructuring the $215
billion U.S. electricity sector, U.S. Rep. Joe Barton, R-Texas, said Thursday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/08/eng-djn/eng-djn_142101_196_144003558438

NATURAL-GAS UTILITIES IN FLORIDA GET APPROVAL TO INCREASE RATES
Tuesday, TECO Peoples Gas, the state's largest gas distributor, received
permission to pass on to its 260,000 consumers the rising cost of the fuel.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/08/krtbn/0000-0631-TM-GAS-UTILITY

TEXAS ENERGY COMPANY PLANS POWER PLANTS IN BROWARD COUNTY, FLORIDA
In response to Florida's mushrooming electricity demand, Texas energy giant
Enron plans to build two power plants in northern Broward County and pipe
natural gas into Port Everglades from a Bahamas transfer station.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/08/krtbn/0000-0344-MI-POWER-PLANT

MADISON, WISCONSIN-BASED ENERGY COMPANY SUBSIDIARY PLANS POWER PLANTS IN
BRAZIL
A subsidiary of Madison-based Alliant Energy Corp. is planning to build two
power plants in Brazil and has taken a stake in several Brazilian businesses
as part of a strategy to expand its electricity generating business in
overseas markets.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/08/krtbn/0000-0364-MW-POWER-BRAZIL

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Pwr Suppliers Balk At Being Billed For Utils' Defaults

Maine Industrial Energy Bills To Jump More Than 25%

Despite Controversy, Hopes Lift On Calif. Utility Bonds

PRESS RELEASE: Calif Power Bill A Positive Step - Moody's

Positive Financial Impact From Calif Power Law - Moody's

AES Not Available To Comment On Iberdrola Report

US Energy Secy: Plans To Meet Venezuela Oil Min This Wk

Developers Debate Bandwidth Pooling Point Neutrality

Barton Sees Nuclear Waste First Energy Bill To Reach Bush

Calif Credit,Pwr Supply On Line As DOE Pwr Order Ends

Spain's Cantabrico Bd To Meet In Next Two Weeks >E.HIC

Barton Sees Energy Policy Bill Including Power Dereg

Iberdrola Stock Rises On Reports E.On Could Be Suitor

Amer Electric Power To Sell Frontera Plant To Teco Energy

Teco Sees Plant Acquisition Immediately Adding To Net

Revised Palo Verde Futures Vol. Feb. 07, 25

US Weather: Storms Move Through Central U.S.

Reliant Energy Must Sell Power To Calif Thurs - Fed Judge

Calif/Power Purchases -2: DWR Ducking Its Duty -Reliant

Calif Utils On Hook As Water Dept Limits Power Purchases

Calif Pwr Grid Oper Extends Stage 3 Alert Through Thu

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N A T I O N A L
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Rahall Urges President Bush to Support Coal Miners

Judge Orders 3 Suppliers Sell Power

Calif. Streamlines Power Plant Rules

Craig Hydroelectric Power Bill to Streamline Licensing Process

Top Energy Summaries - Thursday, February 08, 2001 - 5:18 PM

New Power Plants Needed Quickly

Waste Management Landfill Gas-to-Energy Project Earns `Project of The Year'
Award from Usepa

Sempra Energy - Sempra Atlantic Gas And Town of Amherst Sign Gas Distribution
- Agreement

Madison Gas And Electric Reports Record Year-End Results

Dairyland Power Increases Profitability at Electric Generating Unit by
Utilizing Pegasus Optimization

Appworx Powers Utility Company with Automation Technology; Texas-New Mexico
Power Company Leverages Appworx Enterprise Scheduler for Premier Customer
Support

Reliant Energy Rtgs Revised to Rating Watch Neg by Fitch

Mud Official Slams Natural Gas Firms Selected Natural Gas Cost Per Unit

Advisory/Weekly Power Update

Environmental Laws Not to Blame for California Power Crisis, Energy Experts
Say

U.S. FERC chairman not in favour of California buying utility assets

Council Chief: Facing An Impossible Task, Chairman Weighs Needs of Fish Vs.
Energy $%Power Planners Face Tough Choices
Colo. Firm Sues Calif. Utility

Consol Energy Reports January Production Results

Lawsuit Could Raise Electric Bills Significantly California Utilities

West Battles Power Crisis on Many Fronts Effects of California Energy Crunch
Ripple Into Other States Northwest Lawmakers

Geothermal Heat Helps Pocketbook for Some Rates Are Still Lower Than Natural
Gas Even with Boise's 20 Percent Increase

02/08 CFE Guarantees Electric Supply For Next 6 Years

Williams Energy Raises $86 Million in IPO

Utility Money Shift Causes Outrage

Houston: Bush Warned to Change Energy Policy Now

Integrate Our Power

Repeats: Energy Volume And Open Interest Totals-Feb 8

Top Energy Summaries - Thursday, February 08, 2001 - 2:29 PM

Tepco to Freeze Plans for 12 Power Stations

Energy Update/Los Angeles Department of Water And Power Daily Energy Update,
Thursday, Feb. 8, 2001

Power Company Has Eye on Chicken Litter

Peabody Expected to Build Power Plant

Tradespark Announces Energy Trades of Over $16 Billion Notional Value Since
October 2000 Launch; Over 125 Companies Now Trade in Fast, Efficient,
Market-Neutral Electronic Marketplace

Greenvolt Power Utilizing Electric Vehicle Powering System for Field Testing
of Its Alkaline Fuel Cell TechnologyUtilization of Supercapacitor Cited As
Important Benefit to Performance

Industry, Academic Experts Discuss Energy Crisis and Future of Deregulation
at McCombs School of Business at UT Austin

Dan Walters: Media Affect Utility Actions

Energy Crisis Focus of Hearing: Assembly Panel Takes Wide-Ranging Approach

Power Rate Jumps, But Some in Susanville Cheer

Congresswoman Stephanie Tubbs Jones to Host Town Hall Meeting on Utility
Deregulation

Nueva Azalea Electric Plant Receives Endorsement from Leading Environmental
OrganizationAcclaimed Environmentally Sensitive Electric Plant Receives
Environmental Endorsement

Empire Electric Files $80m Mixed Securities Shelf (Ede)

We're Off Energy Life Support

Turlock to Add New Backup Power Unit for Police

City to Cite Benefits of Energy Costs

Advanced Engine Technologies' Ox2 Engine Poised As Alternative for Future
World Energy NeedsTesting Focuses on Generator Applications in Wake of
California Power Crisis

Top Energy Summaries - Thursday, February 08, 2001 - 12:38 PM

Full: Teco Energy to Acquire AEP's Frontera Power Station

Midcoast Energy Resources Inc - Continues Sour Gas Processing Consolidation
Efforts in Alberta

Gef Releases Renewable Energy Report - Regional

Businesses Face Electric Rate Rise

As Heating Bills Continue to Soar, Cities, Villages Collect More Taxes Many
Communities Realize Major Jump in Utility Revenue; Help for Needy Not in Plans

Ocean Power Corp - Issues Letter to Shareholders

Optimal Energy Systems Names Williams to Board of Directors

Josephthal & CO., Inc. Initiates Coverage of Electric Fuel Corporation

Competisys Selects Telution to Power Energy And Communication Convergence

Calpine Corp: Encal Energy Ltd - Calpine Plans to Acquire Encal Energy Ltd.
for $1.2 Billion

Nuevo Energy Sees 1q Eps of $0.33, Above Zacks $0.30 Est. (Nev)

Ocean Power Corporation Issues Letter to Shareholders

Top Energy Summaries - Thursday, February 08, 2001 - 9:18 Am

Dupont Canada to Launch Fuel Cell Initiative

Exelon Corp - Peco Energy Completes Power Restoration - After Surprise Storm,
Thanks Customers for Patience; - Fifth Worst Winter Storm in Peco History

Aep to Sell Frontera Plant to Teco Energy

Catalytica Energy Systems' Xonon Receives EPA Validation for Its Ultra-Low
Emissions Capabilities

Report Provides Blueprint for Energy Options

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

WB, Edc Planning Power Grid in Cambodia

Tepco Not to Freeze New Nuclear Power Projects: Hiranuma

Pemex Relents; Natural Gas Contracts Will Not Include Minimum Purchase Volumes

(Updated) Tokyo Electric to Curb Capacity Expansion

Japan's Power Demand Up 3.4 Pct in 2000

Westcoast Energy Looking at Future Expansion; British

Brazil: Argentinean Energy Arrives in Brazil

Indian Government: Power Trading Corporation Web Site Launched by Shri Prabhu
to Enable Power Transactions Online

Daytona Energy Corp - Gas Exploration - Turkey - Canhidir-1 Current Status

Nuclear Power Production to Go Up in India

Acei Receives $45 Million Annual Business from The Holley Group Through Its
New Subsidiary -- "Power Automation Corporation"

CORRECTION: Singapore Power, Pertamina to sign gas supply deal in Jakarta Feb

Chubu Electric to Help Firms Have Own Power Facilities

Philippine Congress winds up work after toppling a president

North Korea refuses to let Seoul inspect power plants

State Talks Prices with Power Companies

Japan's oldest nuclear reacor to resume power generation

Koreas Have Railway, Energy Talks

CBK Power finalises 460 mln usd financing for Philippine power project

Inter-Korean Talks on Power Supply Open in Pyongyang

Pakistan Waives Duty on Machinery for Hydro Power Project

-Oklahoma's Natural Gas Price Drops

Seoul wants power plants study before free electricity move

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Natural-Gas Utilities in Florida Get Approval to Increase Rates

Electricity Rates Appear to Be Uneven in Tacoma, Wash., Area

High Natural Gas Prices Lead to Protests in Atlanta

Savannah, GA., Residents Discuss Natural Gas Bills with Local Legislators

Utah Residents See Wood Stoves As Viable Option to High Heating Bills

Utah Water Officials Predict Problems with New Federal Arsenic Standard

Utilities, Utah Officials Work on Details of Energy-Crisis Response Plan

Northwest U.S. Utility Company Avista Reports Higher Than Expected Earnings

Two Washington State Utilities Hint at Possible Rate Hike

Kaiser Aluminum Hedges on Pinpointing Usage of Electricity Windfall

California Consumers Snap Up Energy-Saving Products

San Luis Obispo, Calif.-Area Homeowners Pay High Energy Bills, Try to Conserve

San Luis Obispo, Calif.-Area Businesses Prepared for Rolling Blackouts

ST. Louis-Based Utility Ameren Corp. Reports Record Profit for 2000

Public Relations Missteps Hurt California Utilities

California's Pacific Gas & Electric Makes Last-Ditch Offers to Gas Suppliers

California's Electricity-Buying Deals Fall Short of Need

E-Mail Campaign Urges California Consumers to Conserve Energy

Rochester, Minn.-Area Heating Bills to Shrink Somewhat for February

Four Northwest U.S. States Agree Over Hydroelectric Power Distribution

Seven Southwest Florida Communities to Unify in Water Planning

Englewood, Fla., Water District Nears Contract with New Administrator

Senate to Open Investigation Into Rate Policies of Tennessee Valley Authority

Clermont, Fla.-Area Residents Cope with High Natural Gas Bills

California Lawmakers Hope to Stabilize Electricity Market with State Help

California Lawmakers Remain Reluctant to Assign High Electricity Rates

Madison, Wis.-Based Energy Company Subsidiary Plans Power Plants in Brazil

Alabama Utility Cuts Rates by 4 Percent

Texas Energy Company Plans Power Plants in Broward County, Fla.

Lawrence, Kan.-Area Heating Bills to Cool Down Somewhat

Customers of Houston-Based Reliant Energy Get to Choose New Power Supplier

Texas Utility Customers to Get A Taste of Deregulation

Portland, Ore., Event Addresses Immediate Future of Western Power Crisis

San Diego Lawmakers Battle for Inclusion in California's Power Solutions

California Regulators Prohibit Interruptions in Gasoline Pipeline Operations

North San Diego County, Calif., Businesses Struggle to Conserve Energy

North County, Calif., May Experience Economic Slump Due to High Utility Rates

San Diego-Area Leaders Pressure State Government on Electricity Rates

Western Gas Resources Sues Pacific Gas And Electric Over Payment

Water Shares Increase in Britain on Speculation of Industry Restructuring

Scottish Power Stays Optimistic Despite Problems in Utah, California

Dallas-Based Energy Utility Txu's Revenue Jumps, But Profit Falls

Madison, Wis.-Based Utility Holding Company Reports Higher Earnings in 2000

California Plan Signals Just One Step Toward Solving Energy Crisis

Canadian Firm to Sell Natural Gas from Overlooked California Oil Field

New Contractor Begins Managing Texas Nuclear-Weapons Plant

Bill Gates Buys 6 Percent Stake in New Mexico Utility

High Energy Prices Make It Worthwhile to Conserve, South Dakota Utilities Urge

South Dakota, California Face Different, Yet Equally Severe, Energy Crises

-Deregulation Movement Pushes Ahead in Florida

-Public Policies Contribute to Increase in Cost of Natural Gas

-Tennessee May Recover Losses on Investment in PG&E

-Oklahoma's Natural Gas Price Drops

-Battle Begins in Florida to Broker Energy Deregulation Solution

-Georgia's Top Natural-Gas Marketers Cut Prices

-What do Florida and California have in common? St. Petersburg Times, Fla.,
Robert Trigaux Column

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

S&P revises Reliant Energy Inc outlook

Southern and Vattenfall to meet soon on Bewag - source

Canada spot natgas climbs with continued cold

UPDATE 1-Online exchange TradeSpark says building critical mass

Moody's rates planned Reliant Energy entities

TradeSpark says online energy trades top $16 bln

Powergen fades as E.ON bid hopes wane

DuPont forms fuel cell business

UPDATE 3-E.ON denies in takeover talks with Iberdrola

UPDATE 1-FERC head says no to Western power price caps

Brazil Gerasul rallies on buyout restart rumors

US FERC head says power price caps wrong for Calif.

Giuliani wants court to rethink golf course water plant ruling

Westcoast Energy mulls Canadian pipeline expansion

Calif. power alert continues ahead of key court ruling

Rio Tinto's Kennecott Copper dodges US electricity crisis

Utilicorp United earnings rise, match estimates

TEPCO to cut capex, freeze new power plants

EU troika cancels Bosnia trip due govt crisis

Network access a priority in EU's power market plan

PG&E warns financial woes threaten N.Calif gas service

WRAPUP 2-Calif. Gov. moves to boost state's electric supply

American Electric Power to sell plant to TECO

NorthWestern Q4 earnings rise 11 percent

Potomac Electric leading bidder for Conectiv-WSJ

Fed. judge extends Calif. power sales through Feb 16

Power producer Calpine to buy Canada's Encal

DaimlerChrysler powers DAX, E.ON slips on takeover report

South Korea says power reform plans on track

UPDATE 1-Calif. treasurer proposes buying power grid

UPDATE 1-Fed. judge extends Calif. power sales through Feb 16

Moody's says even risk high in Australia, NZ utilities

Fortis fouth-quarter earnings up on increased revenue

Enron puts Bosnia projects on hold amid govt crisis

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ELECTRONIC TRADING. Power is following natural gas to become an
electronically-traded commodity. The products, the technology and the future
of electricity transactions. Kevin Sluder, Vice President, HoustonStreet
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
operation together-- the cash and credit requirements, back office,
information technology, staffing, marketing, sales and organizational
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone

MANAGING BILLING. The complex requirements for managing billing and
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THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster
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Hi Jeff.

I am Mike's brother, Ronnie, living in San Diego and a member of the San
Diego Chapter of YPO.  With all the propaganda being spread about the
electricity and energy crisis we are experiencing here in California, I
thought it would be worthwhile to invite you to town to give us an
insider's view on what is really going on (aka, the "truth").  Is there
anyway you can find time in your busy schedule to visit us over dinner
with a short talk and a question and answer period.  The sooner the
better.

I will schedule a "special" meeting of our chapter to accommodate any
dates that work for you.

I look forward to hearing from you.

Ronnie Morgan
760-476-0700


You're all set. Just to confirm, these are the deals I've approved and
auto-scheduled.

483074 - 12/21/00
471891 - 12/4/00 through 12/31/00

Let me know if there's anything else I can do.

Thanks,
Kate

Lester Rawson
01/22/2001 09:27 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deals to authorize

Kate,

Please approve and autoschedule.

483074 (12/21/00),471891 ( 12/4 - 12/31) changed price do to amended gas
price.

Les


This is for future reference.

---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 07:27
PM ---------------------------

Kay Mann
11/30/2000 03:32 PM
To: Roger Ondreko/HOU/ECT@ECT, Matthew F Gockerman/HOU/ECT@ECT, Rhett
Jackson/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON
cc: Ben Jacoby/HOU/ECT@ECT

Subject: LM 6000/Coral transaction

Attached is a first draft of a letter agreement relating to the LM 6000/Coral
transaction.  Please let me know ASAP if you have any comments.

Thanks,

Kay


The Texaco/Havoline Grand Prix of Houston will take place downtown on October 5-7, 2001.  Enron has developed a relationship with the PacWest Racing Team, a member of the CART FedEx Championship Series featuring drivers Scott Dixon and Mauricio Gugelmin, which will enable us to offer our customers and executives a one of a kind hospitality package that will include the following features:

Gourmet hospitality including breakfast and lunch prepared for Enron guests by an on-site chef at the race track in PacWest's Summit (mobile hospitality and business suites)
Paddock passes allowing Enron guests to visit the garage areas where race car preparation takes place and providing a "behind the scenes" look at the business of motor sports
Sunday race event tickets located in Grandstand C, just before turn one and adjacent to the PacWest Summit
Special PacWest driver autograph and "meet and greet" sessions for Enron guests
Guided tours of PacWest's transporters and garage areas for Enron guests thereby providing a hands-on look at how the race cars are prepared for the weekend's on-track activities
Opportunity to network with companies that support PacWest including but not limited to: NEXTEL, JP Morgan Chase, Gemstar, Pennzoil, PPG, Tully's Coffee, Snap-On, Bosch, Freightliner, Toyota, Panasonic, 3D Village

I currently have the following tickets available for this event:
	Friday, October 5 - 4 Tickets
	Saturday, October 6 - 15 Tickets
	Sunday, October 7 - 20 Tickets
(No cost will be allocated back to Company and RC numbers)

Please let me know how many tickets you would like to reserve for this event by Tuesday, September 25.
On Wednesday, I would like to offer the remaining tickets to all Managing Directors and VPs within EA, EGM and EIM.  If there are specific individuals within your area that you would like to have this information distributed to, please advise.

Attached, please find the Program of Events and various pictures of the hospitality area.  Complete information on the race can be found at http://www.texacogp.com.

Dorie Hitchcock
Event Manager
Enron
1400 Smith Street
Suite 3640a
Houston, TX  77002
Telephone:  (713) 853-6978
Fax:  (713) 646-5800
Cell:  (713) 594-7093
E-Mail:  dorie.hitchcock@enron.com


Waxman Seeks Justice Inquiry of Rove
The Washington Post, 07/18/01
Business World: How To Execute 10%, Nicely
The Wall Street Journal, 07/18/01

RUSSIA: INTERVIEW-Russian Tyumen Oil says foreign ties to grow.
Reuters English News Service, 07/18/01

COMMODITIES & AGRICULTURE - Enron Metals to pay fine to LME.
Financial Times, 07/18/01

City - Exchange fines Enron metals group #190,000.
The Daily Telegraph, 07/18/01

Exxon Mobil, U.A.E. Min Discuss Dolphin Gas Proj - Report
Dow Jones Energy Service, 07/18/01

Bush switch on conservation saves credibility
Chicago Tribune, 07/18/01
COMPANIES & FINANCE INTERNATIONAL - Energy trading unit fuels 27% leap in Duke earnings.
Financial Times, 07/18/01
Letters to the Editor: India, Pakistan and the U.S.
The Wall Street Journal, 07/18/01
Business: Briefs - London Exchange fines Enron $264,000
Houston Chronicle, 07/18/01

A Section
Waxman Seeks Justice Inquiry of Rove

07/18/2001
The Washington Post
FINAL
A27
Copyright 2001, The Washington Post Co. All Rights Reserved

Rep. Henry A. Waxman (D-Calif.) called yesterday for a Justice Department review of White House senior advisor Karl Rove's repeated discussions with executives and representatives of companies in which he held stock.
In a letter to White House counsel Alberto R. Gonzales, Waxman said Rove appeared to be in violation of federal conflict-of-interest laws.
Gonzales has said he was satisfied that Rove "took care to avoid" any impropriety in meeting in March with Intel Corp. executives, and in participating in broad discussions about administration energy policy while owning more than $100,000 worth of Intel Corp. stock and more than $200,000 worth of stock in Enron Corp., General Electric Co. and other energy companies. On June 7, Rove sold more than $1 million in stock in companies doing business with the government.
Waxman, ranking Democrat on the House Government Reform Committee, said federal law requires executive branch departments and agencies, including the White House, to report "any information, allegation or complaint" involving potential criminal conduct by an employee to the Justice Department. He said he was not aware of any reason Rove should be exempt from such outside investigation.
White House spokesman Dan Bartlett said Waxman's letter is under review, but added, "We are confident that Karl followed all ethical guidelines and statutes in his role as senior adviser to the president."
-- George Lardner Jr.

http://www.washingtonpost.com

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

Business World: How To Execute 10%, Nicely
By Holman W. Jenkins Jr.

07/18/2001
The Wall Street Journal
A19
(Copyright (c) 2001, Dow Jones & Company, Inc.)

How come Ford adopts the same white-collar performance review system as General Electric but gets vilified for it, hounded by discrimination lawyers and AARP? Last week, less than a year after launching it, CEO Jacques Nasser was moved to dump a brand new executive grading system designed to weed out the least capable 10% of Ford's managers.
The short answer is that Ford isn't GE, though Jack Welch has been a model for what Mr. Nasser seeks to accomplish at the auto company.
Bringing such a Torquemada system into a firm that faces slowing sales and whose own boss considers his colleagues notoriously flabby and easy on themselves meant it was a downsizing scheme from the start, whether advertised that way or not. GE didn't introduce its version until a decade after the Neutron Jack phase. But never mind. Trumpeting a win last week, AARP declared its victory goes way beyond Ford. It sure does.
Forced ranking has waxed and waned as a fad over the decades, and most students of management hold their noses around it. Its resurgence, at a time when many employers are contemplating their first layoffs in years, can only mean that companies are nervous about preserving their freedom to hire and fire in a world run increasingly by the job-discrimination bar.
Ask any non-deluded European. What makes the U.S. economy relatively nimble is that companies are not afraid to take on workers because they know they can always get rid of them later. Harsh as this sounds, it's why we have a lush job market compared to the employment Saharas of the Old World.
Yet firing in America has been a work in progress. Half a decade ago, enlightened companies tried employee buyouts, but the lawyers descended, forcing companies to offer the buyouts indiscriminately. Result: Highly marketable workers took the windfall and immediately found other jobs, while people who considered themselves unemployable skipped the loot and clung to their cubicles.
Other companies, on the theory that it was OK to tell people they had to go because their functions or departments were being discontinued, bravely downsized the old-fashioned way. But this was no proof against lawsuits. Remember Texaco, Coca-Cola and others where the very existence of affirmative-action programs became fodder for litigation by both minorities and older white employees?
Searching for a way out of the legal maze, Ford tried two years ago to combine forced ranking with buyouts, aiming offers exclusively at low-ranked employees. Result: grumbling in the hallways of "rewarding failure" and good employees angling for low grades so they could become eligible for a golden parachute. Finally, starting this year, Ford opted for an out-and-out forced ranking system, which would have given 10% of white-collar employees annually a "C" grade that meant either shape up or you're gone next year.
Microsoft, Lucent, Conoco, Enron and EDS all have used forced ranking to maintain or improve the quality of their work forces. While many find the idea distasteful or complain it substitutes a yearly spasm for what should be a continuous process, at least it solves a real problem. Survey after survey finds that even the happiest worker-bees gripe about their employer's reluctance to get strict with poor performers. A recent McKinsey poll of managers at big companies found that only 16% said their employer could even recognize the difference between stars and slackers.
But Ford was already in the soup over the Explorer/Firestone fiasco. It didn't stand a chance when the Detroit papers opened a new front over its A-B-C grading system for 18,000 managers. Accentuating the coverage was a simmering quest to discover any sort of rift between Mr. Nasser and his chairman, Bill Ford, great-grandson of the founder.
Mr. Ford has somehow been anointed keeper of the company's conscience because of blood chemistry or something. Inevitably, he wants to be liked and wants the company to be liked. Putting a Ford in the chairmanship was probably the worst thing the company could have done at a time when Mr. Nasser was clearly set on giving the place a kick in the pants.
In the ranking controversy, Mr. Ford soon was reported to be "concerned about the system's impact on morale." Notice how this differs from "the system is an urgent necessity so Ford can become a better company." With this kind of support, management quickly wilted in the face of pressure from the old-folks lobby (which has appointed itself guardian of anybody over 45) and other victim contingents.
Mr. Nasser didn't help himself by appearing in a Ford diversity video haranguing an audience for containing "too many white faces" or by installing rewards for executives who meet minority hiring goals. Presto, lawsuits galore. The ones Ford will have the most trouble with are those filed by white males claiming they were victims of age discrimination in order to make way for blacks and women.
One of the ironies, as Ford shows, is that companies these days have reasons of their own for recruiting minorities and women. Were the supposedly archaic, 19th-century principle of freedom of contract still in effect -- i.e., employers are free to hire and fire at will -- there would be a lot more affirmative action, a lot more honestly pursued.
GE may not exactly be the rainbow coalition, but it does have a lesson for Ford. Under its version of forced rankings, 10% of managers are assigned to a bottom grade each year, which means they're cut off from the rich booty GE awards the top 20% and the job security of the workaday 70%. If low-ranked managers don't improve, they are asked to move on.
A big difference, though, is that the process is not concentrated in a single, highly neuroticized annual ritual. GE carries on with much year-round mentoring and bellowing and measuring, so nobody has cause to be surprised by the score he gets. In fact, anyone who went to work there in the past 15 years would have known exactly what he was getting into.
Here's the lesson: Nobody doubts that GE's hiring and firing, whatever the color or gender of the fodder, is all about business. It takes time to build a reputation for heartlessly focusing on the bottom line, but once you do, it can be liberating.

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

RUSSIA: INTERVIEW-Russian Tyumen Oil says foreign ties to grow.
By Sujata Rao

07/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

MOSCOW, July 17 (Reuters) - Russia's Tyumen Oil Company said on Wednesday it planned huge expansion of its upstream and downstream profile through ventures with foreign oil majors. Company President Simon Kukes told Reuters in an interview that Tyumen - Russia's fourth-largest oil producer with output of 800,000 barrels per day (bpd) - would also seek a New York Stock Exchange listing in 2002 after market conditions improved.
"We aim to be a multi-national company and the first step is in Ukraine, where we will within a year be the number one retailer of oil products," he said.
Kukes said Tyumen was also interested in Eastern Europe and in talks on projects that a included a stake in Lithuania's Mazeikiu refinery , but he declined to elaborate.
"Eastern Europe has logistical advantages for Russian firms. We can bring in oil easily and get a significant market share. I also see a role for us in China, India and the Middle East." He said Tyumen, controlled by Russia's Alfa conglomerate, saw foreign oil majors' involvement as a key to its growth.
"We would welcome a strategic partner to take a stake in the firm and, in fact, we are now in talks with several foreign partners, including Texaco ," Kukes said.
He added earlier talks with Phillips had had no result.
Tyumen is involved in the $11 billion Kovykta project with BP and several Russian firms to produce and ship gas to China, as well as in Transneft's Adria pipeline project to link outlets for Russian crude in north and south Europe.
In August Tyumen will take a key downstream step.
With Texaco in Moscow it will open Russia's first Star Mart convenience store in a partnership expanding its 800-strong filling network by combining them with the U.S. Star Mart brand.
Earlier this year the firms inked a deal to jointly produce lubricants at Tyumen's LINOS refinery in Ukraine. Kukes said total investments in 2001 are planned at $800 million, with another $1 billion earmarked for each of the coming years.
Tyumen also got a boost by being rated the World's Best Oil Company in 2000 by Financial Times Energy for "phenomenal growth in the past year, breaking into the world's top 15 oil firms."
"By year end, we could jump from fourth to third place among Russian oil producers," said the U.S.-educated Kukes, who is part of Tyumen's efforts to boost its profile internationally.
VERTICALLY INTEGRATED
Tyumen is now eyeing natural gas, angling to up its Kovykta stake and in Rospan, with 600 billion cubic metres in reserves.
Kukes sees gas as part of a strategy to develop Tyumen on the lines of Enron - producing crude, gas and power.
"Gas is an essential component of a vertically-integrated oil company and in the way we see ourselves in future," Kukes said. "We aim that in five years, 10-15 percent of our revenues will come from gas and condensate."
But aggressive expansion has brought Tyumen into conflict with competitors. It has locked horns with arch-rival Interros to wrest control over a stake in Kovykta, and its role in oil firm Sidanco - where BP owns 10 percent - has been criticised.
"We'd like to get at least 25 percent in Kovykta," Kukes said, noting Tyumen was keen for BP, which has a 31 percent stake, to remain project leader.
Tyumen also angered influential gas trader Itera by trying to obtain control over its bankrupt gas producer, Rospan.
"Rospan is a profitable firm but for some reason was losing money," Kukes said, adding Tyumen would turn the company around.

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

COMMODITIES & AGRICULTURE - Enron Metals to pay fine to LME.
By ADRIENNE ROBERTS.

07/18/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Enron Metals Limited - formerly MG - has agreed to pay a #190,000 fine to the London Metal Exchange after EML's systems and procedures for ensuring compliance with the exchange's rules were found to be "seriously inadequate".
With the exception of hefty fines imposed after the Sumitomo copper scandal, this is the largest sum an LME member has yet paid. Fines for procedural shortcomings over the past four years have been between #20,000 and #90,000.
EML is charged with "persistently" failing to ensure warrants needed to settle exchange contracts reached the London Clearing House by the required time. This happened between August 1999 and February this year.
The LME said EML's actions had jeopardised confidence in the exchange's delivery mechanism, a key aspect of its business.
The exchange also found that between May 2000 and February 2001 EML repeatedly failed to enter trades into the exchange's matching system correctly.
In both cases "EML frequently provided explanations that were either inadequate to explain the particular incident, or inadequate to explain the persistence of that type of incident", said the LME.
Enron Metals, formed after Enron's purchase of UK metals trader MG last June, said the disciplinary charges related to "operating procedures during a period prior to, and the first months immediately following, Enron's acquisition of MG".
The company added that Enron had now "implemented a series of measures to tighten up existing procedures and ensure that the operating systems meet with Enron's high standards".
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

City - Exchange fines Enron metals group #190,000.

07/18/2001
The Daily Telegraph
P35
(c) Telegraph Group Limited, London, 2001

THE London Metal Exchange (LME) has fined Enron Metals #190,000 for breaching its compliance regulations.
The exchange said Enron Metals, a subsidiary of the American-owned energy giant, failed to meet deadlines for delivering warrants needed to settle its metals exchange contracts.
Warrants denote the ownership of LME-registered metal stored in warehouses.
The group also failed to input trades into the LME's system, the exchange said.
Enron stated that the charges related to its recently-acquired MG metals trading division before and immediately after the purchase. The group has since "tightened up existing procedures", it said.

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

Exxon Mobil, U.A.E. Min Discuss Dolphin Gas Proj - Report

07/18/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI -(Dow Jones)- Exxon Mobil Corp. (XOM) is interested in participating in the $4 billion Dolphin Gas project, a plan between the UAE Offsets Group and Qatar Petroleum to transport natural gas from Qatar to Abu Dhabi and Dubai, the official Emirates News Agency, or WAM, reported Wednesday.
An Exxon Mobil official and the U.A.E.'s Foreign Minister, Sheikh Hamdan bin Zayed al-Nahyan, discussed the issue Wednesday, WAM said.
The Dolphin project aims to transport two billion cubic feet a day of natural gas from Qatar's offshore North Field to the U.A.E.
In May, Enron Corp. (ENE) sold its 24.5% stake in Dolphin back to Offsets, freeing up its share for another potential strategic partner. Enron's role would have been to focus on the midstream part of the project, or gas transportation, which requires building a 350-kilometer pipeline from a processing plant in Ras Laffan, Qatar, to the Taweelah terminal in Abu Dhabi and Jebel Ali terminal in Dubai.
TotalFinaElf SA (TOT) is Offsets' other strategic partner, holding a 24.5% stake in the project. The company will operate the upstream phase of the project, which includes developing natural gas reserves in two blocks of the North Field.
The first wells are scheduled to be drilled in the second half of 2001 and come onstream in 2004.
Since Enron's withdrawal, Offsets has said it is talking to a handful of international oil companies about potential participation.
Qatar Petroleum and Dolphin signed an initial agreement for the upstream section of the project in March. A full production sharing agreement is due to be signed in September.
In the short term, it is expected the gas will be supplied to Dolphin by Mobil Oil Qatar's Enhanced Gas Utilization Project at the North Field.
-By Dyala Sabbagh; Dow Jones Newswires; 97150 6251228; dyala.sabbagh@dowjones.com

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

Business
Bush switch on conservation saves credibility
David Greising

07/18/2001
Chicago Tribune
North Sports Final ; N
1
(Copyright 2001 by the Chicago Tribune)

Too bad we can't all be vice president. If we could, this whole "energy crisis" thing would be no big deal.
We could send our heating bill to the Navy as Dick Cheney has. Who knows, maybe we could fuel up our cars and let the Energy Department pay the bill.
Cheney is making quite a shift from the advice he offered to consumers just a few weeks ago. "If you want to leave all the lights on in your house, you can," he counseled. "There's no law against it. But you will pay for it."
Or, in Cheney's case, the Navy may pay for it. After all, it owns his house.
The Vice President decided to dun the Navy on the very day administration officials spread out to promote conservation as a key part of President Bush's energy plan.
My, how the scene has changed. In mid-May President Bush unveiled a Cheney-authored energy plan that promoted drilling and nuking and mining but overlooked conserving. That's when the vice president dismissed conservation as a "personal virtue" but no energy policy.
The 170-page Bush policy did speak ominously of a growing "energy crisis."
At the time, gasoline seemed headed to $3 a gallon. Rolling blackouts interrupted California's power. Winter natural gas prices had spiked.
Bush seemed confident he could push his energy policy through a House and Senate dominated by Republicans.
Today, with gasoline prices down around $1.35 a gallon and the Senate under Democratic control, Bush will have to give up on pet dreams like drilling for liquid gold in Alaska's Arctic National Wildlife Refuge.
Conservation is all the talk--even from administration officials who can't talk.
A laryngitis-stricken Cheney on Monday turned to wife Lynne to declare, "Conservation is a must."
On Monday, the Energy Department declared that federal agencies since 1980 have cut their energy consumption in buildings by 30 percent.
So the world has completely changed, right?
Conservation now will become a centerpiece of the Bush energy policy. The caribou and moose and grizzlies in Alaska can sleep easy knowing their pristine habitat will be forever free and clear.
Isn't it obvious that President Bush's supporters at Enron and Texaco and other oil giants should get into a more promising line of business?
And maybe the alternative-energy researchers at Argonne National Laboratory can stop studying super-conductivity and new-age fuel cells. Energy Secretary Spencer Abraham told them Monday that consumer conservation can cut the energy deficit by 60 percent over the next 20 years.
Perhaps it's time to turn that big super-conducting super collider into the world's largest Roller Derby track.
Well, maybe not.
The easing of the trumped up "energy crisis" is good news. And not just because it won't cost nearly as much to drive to the Dells for summer vacation.
It's good because it seems likely to bring some balance into whatever energy policy ultimately emerges from Congress sometime later this year.
The Bush plan hasn't changed. There still are only a tiny $10 billion of conservation measures--half of them already in place--in the gargantuan energy program.
But the political and market realities have changed. Energy costs are down. And conservation suddenly seems likely to get a fair hearing in Congress and at the White House.
Perhaps most important, the free market has shown an ability to respond to a so-called "crisis" in energy. This reduces the political pressure for a quick and ill-advised political fix.
A sudden jump in electric-plant construction means supply should grow twice as fast as demand over the next several years, according to the North American Electric Reliability Council. More than 1,000 natural gas wells are in production, double the number during early 2000.
Gas prices are lower than had been expected because OPEC has stopped cutting production and oil giants jumped at the first sight of high prices, and production is jumping.
We can't all turn to the Navy to bail us out of high energy prices. But in a fix, the free market does nearly as well.
----------
Contact dgreising@tribune.com.

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

COMPANIES & FINANCE INTERNATIONAL - Energy trading unit fuels 27% leap in Duke earnings.
By JULIE EARLE.

07/18/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Duke Energy, the US energy company, yesterday posted a 27 per cent leap in second quarter earnings, underpinned by strong growth at its North American natural gas and electricity trading business.
Duke, a large utility owner in the US, said after the market closed that it earned $419m, or 53 cents a share, compared with $329m, or 44 cents a share, in the year-ago quarter.
Revenues for the quarter increased 43 per cent to $15.6bn, from $10.9bn a year earlier.
The result met Wall Street estimates of 49 to 58 cents a share. The Charlotte-based company is one of several in the US accused of manipulating electricity prices in California, along with its competitors Reliant Energy, Dynergy, Williams and Enron.
California's grid managers have accused wholesalers of overcharging the state by more than $6bn since last May - allegations the companies have denied.
Last night, a Duke Energy spokesman said that California remained a small piece of the company's whole.
He said the result was driven by strong growth in its North American energy trading segment, which reported earnings before interest and tax of $251m, a 128 per cent increase on the year-ago quarter.
The unit's growth was fuelled by big expansion in its wholesale energy asset portfolio, which now has more than 12,600MW of merchant power generation in operation or under construction, compared with about 8,400MW net a year ago.
Duke also has a large electric utilities operation in California.
The company's shares closed 38 cents higher at $42.03 in New York.
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

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

Letters to the Editor: India, Pakistan and the U.S.

07/18/2001
The Wall Street Journal
A19
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Mr. Varadarajan basically asks America to abandon its traditional link to Pakistan in favor of India. He overlooks some critical facts. First, it is unclear whether India even wants to be closer to the U.S. Throughout the Cold War, India was uncomfortably close to the Soviet Union in diplomatic circles, whereas Pakistan was a reliable U.S. ally; it was vitally important in espionage efforts against the Soviets (Francis Gary Powers departed from Pakistan in his ill-fated U-2 and the U.S. conducted major operations there in the 1980s) and in offsetting pro-Soviet influence in the region.
Smearing Pakistan and it current military president with Islamic fundamentalism is disingenuous, since the nation is practically secular when compared to its neighbors in Iran and Afghanistan. Indeed the deposed president's paeans to fundamentalism in response to domestic problems were one impetus for the military takeover in the first place.
Despite talk of reform, India's economy is still generally hostile to foreign investment. The most notable business project of the 1990s, Enron's massive power facility in Dhabol, has been mired in bureaucracy and contract reneging.
The question of Kashmir is a difficult one, but it is important to keep in mind that India has imposed undemocratic rule on a heavily Islamic region. Pakistan is still strategically important and is perhaps America's best friend in central Asia. It would be laudable for America to have good ties with India, but not at the expense of having to turn our back on an ally.
Christian Whiton
Graduate School of Management
University of California
Los Angeles

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

Business Briefs
Houston Chronicle
London exchange fines Enron $264,000
The London Metal Exchange said it fined Enron Corp. $264,000 for "seriously inadequate" compliance with trading rules that threatened to undermine confidence in the largest metals market.
Houston-based Enron violated exchange rules over an 18-month period through late delivery of warrants, documents that confirm the completion of a metals sale, the exchange said in a statement. Enron failed to rectify its procedures despite repeated warnings, the exchange said.
Enron's failures to comply "were repeatedly brought to the attention" of the company between last May and February of this year, exchange officials said.
Enron admitted rules breaches in a statement, but said the violations stemmed from its acquisition last May of MG, the world's largest copper-trading company, for $445 million, which expanded the natural gas and electricity trader's metals business.


Leslie-  I'm checking on the status of the letter agreement we had agreed to
for the Enron On Line terms and conditions-- when do you think we can expect
to see this letter agreement?  I will be out of the office until September
6, so if it's prepared before then, please email to Laurie Peddicord -- her
name appears at the top of this email.  Thanks.

Patricia J. Clark
Deputy General Counsel
Phone:  724-838-6217
Fax:  724-830-5184
Email:  pclark@alleghenypower.com

> -----Original Message-----
> From: Leslie Hansen [SMTP:Leslie.Hansen@enron.com]
> Sent: Tuesday, July 25, 2000 11:57 AM
> To: PCLARK@alleghenyenergy.com
> Cc: Tana Jones
> Subject: Allegheny Energy ETA
>
>
>
> Pat:
>
> I received your voice mail this morning.  You are correct -- I understood
> that
> we had resolved all outstanding issues as well, and I am having a letter
> agreement prepared and will send to you as soon as possible.
>
> Thanks for your patience.
>
> Leslie
>


SK - Printed and put in your working group folder.  Also put as "FYI" next
scheduled meeting.  mm

Follow - up to our first meeting -

We had very good participation.  In the absence of some technical
difficulties, we would have had 100% participation.

As our discussion showed, people bring different issues and needs to the
group.  It seems that this group will function best if we serve as a source
of information and resources to each other.  Our collective knowledge is
capable of helping many different individual problems; we just need to figure
how to get the right information to the people who need it.  Our first task
should be to sort through this wide ranging topic and start to focus on some
specific deliverables.

Attached is an updated roster of the team, and a listing of the subgroups and
some ideas of what the subgroup should consider.  These ideas are not meant
to restrict but give some additional clarity.  Please note the subgroup
membership and the designated team leads, and begin your discussions.

Our next meeting will be Friday, February 4, 9:30 am - 11 am Central Standard
Time.  More details on phone/video conferencing and a full agenda will be
given later.  At the meeting, each subgroup should share with the larger
group their thoughts on the directions to be taken by the subgroup.  At that
time, we can all offer additional comments.

Thank you!


This request has been pending your approval for  10 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000079466&Page=Approval to review and act upon this request.

Request ID          : 000000000079466
Request Create Date : 12/17/01 4:09:11 PM
Requested For       : rodney.malcolm@enron.com
Resource Name       : eConnect - VPN  Tier 2 - Full Access
Resource Type       : Applications


I do have comments to the proposed revisions.  I will compile them and return
to you shortly.

	"KELLY FLEURIOT" <KFLEURIOT@hou.projectconsulting.com>
	04/26/2001 04:35 PM

		 To: <gerald.nemec@enron.com>
		 cc: "eric p. romero" <eromero@hou.projectconsulting.com>
		 Subject: FW: Professional Services Agreement

Dear Mr. Nemec

Do you have any comments to the proposed revisions to the Professional
Services Agreement between Enron and PCS?

Thank you.

Kelly Fleuriot
Project Consulting Services, Inc.
kfleuriot@hou.projectconsulting.com
Phone:  713-952-7380
Fax:      713-952-7082

>  -----Original Message-----
> From:  KELLY FLEURIOT
> Sent: Tuesday, April 10, 2001 3:07 PM
> To: 'gerald.nemec@enron.com'
> Cc: ERIC ROMERO
> Subject: Professional Services Agreement
> Importance: High
>
> Dear Mr. Nemec:
>
> Eric Romero faxed you comments and proposed revisions to the Professional
> Services Agreement between Enron and Project Consulting on 3/28/01 and
> wanted to know if you have any comments on the revisions.
>
> Mr. Romero will be out of the office Wednesday and Thursday, so please feel
> free to contact me with your comments and I will give the information to
> him upon his return.
>
> Thank you.
>
> Kelly Fleuriot
> Project Consulting Services, Inc.
> kfleuriot@hou.projectconsulting.com
> Phone:  713-952-7380
> Fax:      713-952-7082
>


EnronOnline passes one million transactions.  Woohoo!

Also in this issue:
Enron.com -- it's fabulously new and improved!
How Enron likes Bush's new energy policy
California update
What's going on in the French wholesale market?
Learn about caps -- not the ones you wear, of course.
What do Frank Gehry and Enron have in common?
Jeff leads in a dangerous time

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then click eBiz, and "eBiz May 25, 2001."


Hello Jeff,

I hope you are well.
Below is a background on our firm.  As you will see what characterizes our
candidates
is their current or recent experiences.  Many have already rolled out into
industry as well.

Hawkes-Peers & Co. is an executive search firm based in NYC, specializing in
identifying opportunities for top-tier consultants from the top strategy
firms-McKinsey,  Bain, BCG, AT Kearney, and Booz Allen, who are looking to
move into the corporate sector.  These candidates also share the common
qualification of an MBA from one of the elite business schools such as
Harvard, Wharton, Sloan, Kellogg, etc.  Our focus targets this network of
individuals on an ongoing basis, keeping an active portfolio of these
management consultants from which we can draw for appropriate opportunities.

The emergence, growth, and continued vitality of Hawkes-Peers are a direct
result of the increased demand for strategy consulting professionals
throughout the United States.  Our intent is to identify and re-position
only those professionals who will enhance and build quality organizations;
and to adhere to high professional and ethical standards that serve the best
interests of our clients and our profession.

Our extensive network can allow your organization to be highly selective and
save you invaluable time.  We can give you the ability to select amongst the
most talented strategic, operations, and management consulting
professionals; and build strength in the future of your company.

If you have an interest in the pool of talent that we represent, I would be
more than happy to provide you with more information.  Additionally, I can
send samples of our past introductions as well as resumes provided with
permission from the candidate.

Sincerely,

Georgette Semaan
Hawkes Peers & Co.
212 624-4070
Georgette@hawkespeers.com


goat?  i think that's only true for fraternity pledges.

-----Original Message-----
From: Laurel Hazzard [mailto:lhazzard@firstam.com]
Sent: Thursday, October 04, 2001 11:05 AM
To: Smith, Matt
Subject: RE:

What?  You didn't like that story.  You know it wasn't my idea, I was
coerced into the closet.  Ok, that doesn't sound very good.  I just found
out that the goat was originally man's best friend.  Interesting eh?

-----Original Message-----
From: Smith, Matt [mailto:Matt.Smith@ENRON.com]
Sent: Thursday, October 04, 2001 9:00 AM
To: Laurel Hazzard
Subject: RE:

No foreced drinking, just one ceremonial shot of tequilla.  I think
they're saving it up for this weekend.  I think we're having a party on
Saturday.  I don't know if we have any closet shelves that I can fit
into, though.....

-----Original Message-----
From: Laurel Hazzard [mailto:lhazzard@firstam.com]
Sent: Thursday, October 04, 2001 10:49 AM
To: Smith, Matt
Subject: RE:

Did people try and force glasses of alcohol on you just because it's
your
birthday?  That is always nice.  Sometimes it seems like other people
are
way more excited that it's your birthday than you are, and they just
really
want you to party.  I don't know, I am rambling.  I was up kind of late
and
so this morning I am a little slow.

-----Original Message-----
From: Smith, Matt [mailto:Matt.Smith@ENRON.com]
Sent: Thursday, October 04, 2001 8:37 AM
To: Laurel Hazzard
Subject: RE:

More like 50 cents.....Canadian that is.

-----Original Message-----
From: Laurel Hazzard [mailto:lhazzard@firstam.com]
Sent: Thursday, October 04, 2001 10:17 AM
To: Smith, Matt
Subject:

Hi there,

How are you feeling?  Like a million dollars or more like .50 cents?

Laurel

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply
to Enron Corp. at enron.messaging.administration@enron.com and delete
all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence
a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not
be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Would love to walk you through this issue sometime
---------------------- Forwarded by Mike Jordan/LON/ECT on 04/05/2001 16:04 ---------------------------

Ali Lloyd
04/05/2001 14:53

To:	Richard Lewis/LON/ECT@ECT, Simon Hastings/LON/ECT@ECT, David Hutchinson/LON/ECT@ECT, Peter Morris/LON/ECT@ECT, Jeremy Urquhart/LON/ECT@ECT, Sarah Dyer/LON/ECT@ECT, Enron UKPower Prompt@ECT, Michael Wilks/EEL-UK Power Analytics/LON/ECT@ECT, Nigel Beresford/EU/Enron@ENRON, Tim Marsters/LON/ECT@ECT, John Cockin/EU/Enron@Enron, Tom Glover/LON/ECT@ECT, Bertrand Loubieres/LON/ECT@ECT, Chris Thrall/LON/ECT@ECT, Nick Arnold/EU/Enron@Enron, Mike Wellings/LON/ECT@ECT, Paul D'Arcy/LON/ECT@ECT, James New/LON/ECT@ECT, Anna McAndrew/EU/Enron@Enron, Gill Denham/EU/Enron@Enron, Mike Jordan/LON/ECT@ECT, Carol Findlay/LON/ECT@ECT, Brian Hunter-Lindsay/LON/ECT@ECT, Harjit Ruprai/LON/ECT@ECT, Paul Dawson/Govt. Affairs/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Oliver Harrison/LON/ECT@ECT, Rod Nelson/LON/ECT@ECT, Brian Hudson/LON/ECT, Mark Hawkins/LON/ECT, Keith Bowie/LON/ECT, Tim Harrison/LON/ECT, Steven Roselius/LON/ECT@ECT, Cassian Degas/LON/ECT, Denver Scott/LON/ECT, Felipe Foy/LON/ECT
cc:

Subject:	Slides from todays presentation


Tasha,

Yes, I think Li Xiao deserves the bonus.

Vince Kaminski

Tasha Lair@ENRON
03/21/2000 02:24 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:

Vince,
 Linda Vargo asked me because I am the administrator of employee referral
program to contact you on whether or not Li Xiao is eligible for a bonus on
his referral of Alex Huang.  I have informed Linda that the decision up to
you.  If you feel that Alex Huang was hired as a result of Li bringing him to
the attention of Enron then the bonus is due.  Linda and yourself have
communicated via e-mail on this issue in early February and it appears from
that correspondence that Li did encourage Alex to e-mail his resume to you.
Please advise as to whether or not you want to award the bonus.

Thank You


Do any of ya'll want to play?  Sounds kind of like fun.
---------------------- Forwarded by Shanna Husser/HOU/EES on 12/04/2000 12:18
PM ---------------------------

Cris Crixell
12/04/2000 12:12 PM
To: Shanna Husser/HOU/EES@EES
cc:
Subject: College Bowl Pool

---------------------- Forwarded by Cris Crixell/HOU/EES on 12/04/2000 12:12
PM ---------------------------

Cris Crixell
12/04/2000 10:47 AM
To: g.trostel@cadcentre.com, rick.hernandez@halliburton.com,
bstapelfeldt@bankbnb.com, ztcjawa@mail.arco.com, ztcpika@mail.arco.com,
ztcskd@mail.arco.com, marty_schmidt@hotmail.com, mlmott@swbell.net, Gary
Nelson/HOU/ECT@ECT, Preston McGlory/NA/Enron@Enron, Clifton
Franklin/NA/Enron@Enron, Patricia A Lee/HOU/EES@EES, Rafael
Avila/HOU/EES@EES, Holly Mertins/HOU/EES@EES, jbutx@aol.com
cc:
Subject: College Bowl Pool

Ladies & Gentlemen,

The BCS may have screwed up the match ups but that won't stop the annual
College Bowl Pool from taking place.  The attached spreadsheet contains the
rules and a pick sheet.  For the veterans the rules are the same as last
year.  The entry fee is $25.  Money and picks are due Monday December 18th.
Feel free to forward this to anyone that may be interested in participating.

Cris


Daren,

Can you please "0" all activity on Sitara Deal Tickets 113858, 93779, 138094,
120866, 138544, 139661 (relative to 98-3405)?  This activity is now being
nomed @ 98-9643.  I think that I've referenced all of the deal tickets @ this
meter.

Thanks
-Jackie-
3-9497


I'll try to be home by 800 tonight so I can see my baby boy (and his hot
daddy).  High class hamburger sounds great.

Love,

Kay


letter on ECT letterhead and signed
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/18/99 10:15
AM ---------------------------

Daniel R Castagnola@ENRON_DEVELOPMENT
05/17/99 01:47 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: AA letter

Sara:

Looks good.

Dan

Sara Shackleton@ECT
05/17/99 11:23 AM
To: Daniel R Castagnola/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: AA letter

Dan:  please see if the attached draft works.  My extension is 35620.  Sara


Here are some initial reactions and questions to the CAISO market
stabilization plan, which is attached.

Give me or Sue Mara your comments and then we can turn it into message points
for  media / advocacy folks.

In addition to reviewing the plan, I listened in to part of a stakeholder
call that occured Friday 10 a.m. PST.

DRAFT MESSAGE POINTS:

With limited exceptions, the plan does nothing to increase supply or decrease
demand.  It primarily addresses costs and market "stability"

INTERESTING QUOTES:

"Over the edge into cost based regulation" Duke Power

Although the plan provides for cost control and for improving market
"stability" (whatever that means), the ISO staffer (Byron Wortz) who
presented the study admitted it "Will do nothing to increase supply this
summer"

A staffer, Lorenzo,  stated (paraphrased)" all out of state suppliers are
cost of service based and do not need to recieve market based rates

ON SPECIFICS

The Ugly:

Resource-specific cost based bid caps (RSBC or bid caps):  cost of service
regulation that disincent supply
The ISO will hold in-state resources hostage--cuts any exports when reserves
fall below a stated critera

Imports can only participate as price takers.  Thus if the highest-cost
in-state resource is below the opportunity cost of power, needed imports will
not come in:
 >>this will decrease supply!!
 >> Staffer stated ISO hopes to sign "longer term deals" if necessary to
secure out-of-state power but acknowledged the proposal needs more work.

The Bad:

The ISO is considering pay as bid, which is complex and does not increase
supply.  However, on the call they said they are leaing to a single price
auction.  However, with bid caps the market will still be distorted.

The Good?:

The ISO wll implement an hourly day-ahead and hour-ahead market, essentially
filling  a void created by the PX's demise.
 >>( Enron has strongly advocated market seperation in the past but do we
want to consider supporting a day ahead market?)

Market separation rules (MSR).  ISO is leaning towards option 2 in which SCs
submit bundled schedules but that market seperation would be suspended after
congestion process is conducted; i.e., final schedules may be imbalanced.
 >>What do we think of this?
.


Please forward to Louise as I did not have her email address.  Thank you.

Further to documents previously submitted, please note:

TAX:  Regarding tax provision with HQUS set forth in the ISDA, our tax
department does require the representation in our US to US masters.  Please
have your tax attorney discuss this with our tax attorney, Morris Clark at
713 853-5846.  Further, upon review of our tax comments as to the guaranty, I
have been advised by our tax department that the FORM W 8BEN will not be
necessary, therefore, the one sentence paragraph in my comments immediately
following Specified Jurisdiction should be deleted.

OPINIONS:  As I referenced in our conversation today, in respect of the HQ
opinion, the definitional structure is intended to cover the Guaranty and the
ISDA to the extent ISDA representations concern HQ as Guarantor and joining
the ISDA for effecting such specific representations.  In connection with the
Guaranty, it is intended that the opinion cover the Guaranty as it relates to
supporting the particular types of underlying obligations to be entered into
by HQUS and ENA, which we understand to be both hedge derivatives and
speculative derivatives for up to multiple years.

 BOARD MINUTES:  My reading of the resolutions submitted suggests that HQ
guaranties for financial derivative transactions are not affirmatively
authorized thereby.  Are there other resolutions?

We are all available for call at 10 your time on Monday.

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


Dave:

I read Gordon Bethune's comments is the Chronicle this morning and if he concerned about Continental's solvency, the other carriers must be even more at risk.   As Bill and I are traveling, could you help in asking for a recap of our Airline positions?   We probably should identify the universe of names.   Given the high operating leverage in this industry, coupled with lease leverage, it does not take much to go negative.   For United and American I would imagine access to CP and revolvers would be potentially problematic.   I will be Bill at about 6:45 before we leave, if this is already in process, I'll leave a voice mail.

Regards,

Michael


Are you guys interested in seeing Prince on November 30 in Houston?  Tickets
go on sale this Saturday.

Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net


Joannie Williamson


I understand that there may be a need to give no quarter on this, but given
the circumstances--i.e., we talk every day and time and resources are
extremely tight--is it reasonable to temporarily suspend filling this thing
out for the next 60-90 days?  Lemme know.

My sister just called and said that the earthquake in Seattle was 7.0.
That's big.

Best,
Jeff

	Lysa Akin@ECT
	02/28/2001 09:57 AM

		 To: Paul Kaufman/PDX/ECT, Mary Hain/HOU/ECT@ECT, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, Alan Comnes/PDX/ECT, Steve Walton/HOU/ECT@ECT
		 cc:
		 Subject: New!

Please review the attached form, and update any information necessary.  This
will replace the Internal resource form we were using previously.  Please
respond by COB Friday 3/2/01 with any changes.

Thank you.

Lysa

---------------------- Forwarded by Lysa Akin/PDX/ECT on 02/28/2001 08:02 AM
---------------------------

Ginger Dernehl@ENRON
02/22/2001 08:02 AM
To: Aleck Dadson/TOR/ECT@ECT, Harry Kingerski/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, Jean
Ryall/NA/Enron@ENRON, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Linda
Robertson/NA/Enron@ENRON, Lisa Yoho/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT,
Ricardo Charvel/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Sue
Nord/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron
cc: Chauncey Hood/NA/Enron@ENRON, Geriann Warner/NA/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Laurie
Knight/NA/Enron@Enron, Linda J Noske/HOU/ECT@ECT, Lora
Sullivan/Corp/Enron@ENRON, Lysa Akin/PDX/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Michelle Belzak/TOR/ECT@ECT, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michelle
Garcia/ENRON@enronXgate, Carmen Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Richard Shapiro/NA/Enron@Enron
Subject: New IRTF Format:  ENA Government Affairs Report - Feb 01

Attached to this e:mail, you will find the ENA Government Affairs report for
the month of January.  This will be the new monthly format that will take
place of the IRTF.  As you will see from the style of this format, it should
help in expediting the process of this report.

If you have any questions,

---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/22/2001
07:25 AM ---------------------------
From: James D Steffes on 02/11/2001 02:55 PM
To: Steve Montovano/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Janine
Migden/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Sue Nord/NA/Enron@Enron,
Lisa Yoho/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Harry
Kingerski/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron, Eric Benson/NA/Enron@ENRON

Subject: ENA Goverment Affairs Report - Feb 01

Attached please find the ENA Government Affairs report for Feb '01.  I tried
to incorporate the material from the IRTF reports.

I have asked Eric Benson to help me put these together going forward so
hopefully they will be out the first week of the month.

My other request is to see if people can modify their IRTF to include some
new data - WHAT ACTIONS WILL OCCUR IN NEXT 30 DAYS THAT NEED ATTENTION OF
MANAGEMENT.  This report is too  backward looking in its current form.  I
want to try and make this a listing of what is going to happen over the next
30 days to begin to get ENA management thinking about the issues.

Thanks,

Jim


Kim,
 This appears a little too iffy.  Please get with SCGC to find out the notice
period. If it is greater than 10 days then we will change our language to the
greater notice period.  If less, we will leave our notice period at 10 days
prior to the month.  Please call if you would care to discuss.

	Kim Ward
	01/08/2001 05:01 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Akzo Nobel, Inc. Confirmation Letter

Dan,

Instead of saying that the customer has just 10 days written notice to get
out of the deal, we should add something to this effect - "subject to the
monthly deadline established by Southern California Gas Company for
terminating authorized marketer arrangements."

Let me know if you have any quesitons - 503-464-3826 or cell 503-805-2117.

Thanks,

Kim

Dan J Hyvl
01/08/2001 02:01 PM
To: Kim Ward/HOU/ECT@ECT
cc: Chris H Foster/HOU/ECT@ECT
Subject: Akzo Nobel, Inc. Confirmation Letter

Kim,
 Please review the attached confirmation letter to see if it correctly
reflects your transaction.  Please call if you have any questions.


Please approve Mike Grigsby for Bloomberg.

Thank You,
Phillip Allen


Attached are my notes from the open season meeting today.  Feel free to amend with your own notes (those of you who attended of course).  Call me with any questions.

kh


aaaaaaaaaaahhhhhhhhh!  them is jus jokes


This afternoon I received from John Scarborough the revised flow of funds
diagram; these new numbers will be worked through attached amendment
document.  I still need the four numbers requested in my attached 5/23
e-mail:  (1) A&R LLC Agreement, Section 1.01, definition of Offer Price (need
revised Class C member interest offer price), (2) Flow of Funds Memo (need
new numbers for Section 3(a)(ii) (amount ECHO wires to ECS), (3) Flow of
Funds memo (need new number for Section 3(b) (amount ECS wires to ECHO), and
(4) Exhibit A to A&R LLC Agreement (amount of ECS' capital contribution in
respect of Gallup, presumably value of contributed assets).

Rhett Jackson has confirmed that attached amendment document is acceptable
from tax viewpoint.  I have not heard from Chris Sherman but assume also
works from accounting viewpoint based upon our prior discussions.

Thanks for your help.  Regards, NJD

---------------------- Forwarded by Nora Dobin/Corp/Enron on 05/31/2000 02:51
PM ---------------------------

Nora Dobin
05/26/2000 10:39 AM
To: Stephanie Balette Casas/HOU/ECT@ECT, Davis Thames/HOU/ECT@ECT, Mark
Courtney/HOU/ECT@ECT, Mark Knippa/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Cris
Sherman/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, John Scarborough/HOU/ECT@ECT
cc:
Subject: Gallup Update

I have not heard any comments re attached except that John Scarborough is
working on numbers updates and changes.  Let me know of any other comments or
scheduling issues.  I am back in the office.  Thanks, NJD

---------------------- Forwarded by Nora Dobin/Corp/Enron on 05/26/2000 11:36
AM ---------------------------

Nora Dobin
05/23/2000 09:02 PM
To: Stephanie Balette Casas/HOU/ECT@ECT, Davis Thames/HOU/ECT@ECT, Mark
Courtney/HOU/ECT@ECT, Mark Knippa/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Cris
Sherman/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, John Scarborough/HOU/ECT@ECT
cc:
Subject: Gallup

Attached for your review is a draft of the Amendments to the Gallup LLC
investment documents to reflect increased purchase price for ECS Gallup LLC
interest sold to ECHO.  Please note that there are four blanks that need to
be filled in (one on page 1, two on page 3 (from Flow of Funds memo) and one
on Exhibit A (need value of contributed Gallup assets to set ECS capital
contribution amount)). Let me know your comments.  Stephanie, I believe we
can forward attached to Patty and her counsel for simultaneous review but
will let you make that call.

FYI, I am working from out of town on business but check voice mail (during
day) and e-mail (at night). I should be back in office this Friday but can
handle matters through these media until then.

Regards, NJD


We have received the executed EEI Master Power Purchase and Sale Agreement dated 2/1/2001 from the referenced CP.  Copies will be distributed to Legal and Credit.


Mark:

Attached are our comments regarding the draf response. The long and short of
it is that in our opinion the less said the better.  Looking forward to
discussing this with you at 11AM.

Warren


Please run a forwards detail on your books and email me if you have any value
for these counterparties as of 12/29/01.  Jad we will do yours together.
Thanks.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/21/2001
10:08 AM ---------------------------

Jeffrey C Gossett
03/21/2001 09:54 AM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M
Love/HOU/ECT@ECT
cc: Wendi LeBrocq/Corp/Enron
Subject: 12/29/2000 - MTM

Two more counterparties need MTM values for Dec. 29, 2000.

The Tudor BVI global portfolio
Osprey Portfolio Group

Please provide the total MTM value for that date within your region.

Thanks


Can you print this for me?

Thanks
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 11/06/2000
12:17 PM ---------------------------

From:  Cassandra Schultz @ ENRON
               11/02/2000 07:44 PM

Sent by: Araceli Romero@ENRON
To: Richard Lewis/LON/ECT@ECT, Peter Crilly/LON/ECT@ECT, Steven
McCarthy/LON/ECT@ECT, David Redmond/LON/ECT@ECT, Andrew Fairley/LON/ECT@ECT,
Matthew Nicholas/LON/ECT@ECT, David Gallagher/LON/ECT@ECT, Didier
Magne/LON/ECT@ECT, Carsten Sterz/LON/ECT@ECT, Suryan Wirya
Simunovic/LON/ECT@ECT, Simon Hastings/LON/ECT@ECT, Louis Redshaw/LON/ECT@ECT,
Amir Ghodsian/LON/ECT@ECT, Tom Glover/LON/ECT@ECT, Derek
Edmiston/LON/ECT@ECT, Thor Lien/OSL/ECT@ECT, Fredrik Flykt-Rosen/OSL/ECT@ECT,
Stefan Fastesson/OSL/ECT@ECT, Espen Seidel/OSL/ECT@ECT, Mats
Larsson/OSL/ECT@ECT, Linda Andersson/OSL/ECT@ECT, Tove Anita Furuly
Stensbol/OSL/ECT@ECT, Anne Coll/OSL/ECT@ECT, Gregor Baumerich/LON/ECT@ECT,
Peter Heydecker/LON/ECT@ECT, Florian Neubauer/LON/ECT@ECT, Ulf
Ek/LON/ECT@ECT, Meindert Witteveen/LON/ECT@ECT, Adrian Mancebo/LON/ECT@ECT,
Michael Hellermann/LON/ECT@ECT, Sonia McCorquodale/LON/ECT@ECT, Marc
Janichen/LON/ECT@ECT, Martin Bloch/LON/ECT@ECT, Benedikt Messner/LON/ECT@ECT,
Gunter Tuhy/LON/ECT@ECT, Markus Urban/LON/ECT@ECT, Paul Mead/LON/ECT@ECT,
Reuben Maltby/LON/ECT@ECT, Jonathan Pietila/LON/ECT@ECT, Cassim
Mangerah/LON/ECT@ECT, Stephen J Lowe/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connell
Burke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard
Levy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jonathan
Whitehead/AP/Enron@Enron, Bryan Seyfried/LON/ECT@ECT, Jeff
Kinneman/HOU/ECT@ECT, Martin McDermott/LON/ECT@ECT, Seung-Taek
Oh/NA/Enron@ENRON, Jean-Sebastien Fontaine/Corp/Enron@Enron, Markus
Fiala/LON/ECT@ECT, Nicholas J Stephan/LON/ECT@ECT, Simon Brooks/LON/ECT@ECT,
Robert Diprose/LON/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Reza
Rezaeian/Corp/Enron@ENRON, Konstantin Malinovski/LON/ECT@ECT, Michael J
Hutchinson/EU/Enron@Enron, Ed Dablin/EU/Enron@Enron, Bradley L
Marchant/EU/Enron@Enron, Tony Piper/EU/Enron@Enron, Russell
Plackett/EU/Enron@Enron, Predrag Barlov/EU/Enron@Enron, Thomas
Boettcher/EU/Enron@Enron, Fritz Ten Doornkaat/EU/Enron@Enron, Sam
Hainsworth/EU/Enron@Enron, Rainer Herforth/EU/Enron@Enron, Irma
Hunt/EU/Enron@Enron, Lothar Kierspel/EU/Enron@Enron, David
Lilley/EU/Enron@Enron, Nigel Stern/EU/Enron@Enron, Simon
Tibbitts/EU/Enron@Enron, Steve Upot/EU/Enron@Enron, Joe
Robertson/NYC/MGUSA@MGUSA, Patricia Benington/NYC/MGUSA@MGUSA, Tom
Gramlich/NYC/MGUSA@MGUSA, Bill Silverstein/NYC/MGUSA@MGUSA, Spiro
Spirakis/NYC/MGUSA@MGUSA, Sandra Torres/NYC/MGUSA@MGUSA, Ulf Von Borck/MG
Recycling/MGLTD@MGLTD, Achim Lindhorst/MG Recycling/MGLTD@MGLTD, Jeffrey A
Shankman/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT,
Greg Whalley/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Bob
Crane/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Jim Fallon/Enron
Communications@Enron Communications, Marty Sunde/HOU/EES@EES, John L
Nowlan/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Joseph P Hirl/AP/ENRON@ENRON, Bryan
Seyfried/LON/ECT@ECT, John Arnold/HOU/ECT@ECT, Peter F Keavey/HOU/ECT@ECT,
Brian Hoskins/Enron Communications@Enron Communications, Mike
Maggi/Corp/Enron@Enron, Chris Germany/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT,
Judy Townsend/HOU/ECT@ECT, Eugene Pereira/LON/ECT@ECT, Brad
McKay/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Tammi
DePaolis/Corp/Enron@ENRON, Scott Neal/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT,
Jared Kaiser/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Sarah
Mulholland/HOU/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Patrice L
Mims/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT,
Andrew H Lewis/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Geoff
Storey/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT,
Joe Parks/Corp/Enron@ENRON, Jim Schwieger/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT,
Steven P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Matthew
Lenhart/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Robin
Milner/Enron@Gateway, Chris Dorland/HOU/ECT@ECT, Michael Cowan/CAL/ECT@ECT,
Chris Lambie/CAL/ECT@ECT, Chad Clark/CAL/ECT@ECT, John Disturnal/CAL/ECT@ECT,
Lawrence Clayton/Corp/Enron@Enron, Joe Errigo/Corp/Enron@Enron, Wayne
Herndon/Corp/Enron@ENRON, Larry Jester/Corp/Enron@ENRON, John
Kinser/HOU/ECT@ECT, Keller Mayeaux/Corp/Enron@Enron, Doug
Miller/Corp/Enron@Enron, Cyril Price/HOU/ECT@ECT, Chad
Starnes/Corp/Enron@Enron, Joe Stepenovitch/Corp/Enron@Enron, Greg
Trefz/Corp/Enron@ENRON, Jay Wills/Corp/Enron@ENRON, Robert
Benson/Corp/Enron@ENRON, John Berger/HOU/EES@EES, Paul J
Broderick/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Kyle Schultz/HOU/ECT@ECT,
John D Suarez/HOU/ECT@ECT, Jeffrey Miller/NA/Enron@Enron, Doug
Gilbert-Smith/Corp/Enron@ENRON, Larry Valderrama/HOU/ECT@ECT, George
Hopley/HOU/ECT@ect, Dana Davis/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John
Zufferli/CAL/ECT@ECT, Tom Dutta/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Bill
Rust/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Nicole La/Enron
Communications@Enron Communications, John M Forney/HOU/ECT@ECT, Jesse
Bryson/HOU/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Jeremy Morris/PDX/ECT@ECT,
Holden Salisbury/PDX/ECT@ECT, Ryan Slinger/PDX/ECT@ECT, Collin
Whitehead/PDX/ECT@ECT, Bill Williams III/PDX/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT,
Michael M Driscoll/PDX/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Mike
Purcell/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT,
Phillip Platter/HOU/ECT@ECT, Carla Hoffman/PDX/ECT@ECT, Chris
Mallory/PDX/ECT@ECT, Matt Motley/PDX/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Tom
Alonso/PDX/ECT@ECT, Lisa Gang/PDX/ECT@ECT, Stacy Runswick/PDX/ECT@ECT, Lester
Rawson/PDX/ECT@ECT, Jean Mrha/NA/Enron@Enron, Jay Hawthorn/Enron
Communications@Enron Communications, Erik Simpson/Enron Communications@Enron
Communications, Grant Zimmerman/Enron Communications@Enron Communications,
Richard Schneider/Enron Communications@Enron Communications, Bryan
Garrett/Enron Communications@Enron Communications, Paul Racicot/Enron
Communications@Enron Communications, Dennis Benevides/HOU/EES@EES, Charles
Decker/HOU/EES@EES, Neil Bresnan/HOU/EES@EES, Richard Ring/HOU/EES@EES,
Jubran Whalan/HOU/EES@EES, John Zurita/HOU/EES@EES, Suneet
Sharma/HOU/EES@EES, Timothy J Hamilton/HOU/EES@EES, Barend
VanderHorst/HOU/EES@EES, Todd W Lambert/HOU/EES@EES, Monica
Roberts/HOU/EES@EES, James R Barker/HOU/EES@EES, Timothy S
Murphy/HOU/EES@EES, James Shirley/HOU/EES@EES, Matthew B Fleming/HOU/EES@EES,
Morgan Babin/HOU/EES@EES, Paul Tate/HOU/EES@EES, Marde L
Driscoll/HOU/EES@EES, Laura R Arnold/HOU/EES@EES, Jay Blaine/HOU/EES@EES,
Zarin Imam/HOU/EES@EES, Jesus Guerra/HOU/EES@EES, Jeff Coates/HOU/EES@EES,
Christina Bangle/HOU/EES@EES, Rhonda Smith/HOU/EES@EES, Amanda
Boettcher/HOU/EES@EES, Sherry Pendegraft/HOU/EES@EES, Alain Diza/HOU/EES@EES,
Sharon Hausinger/HOU/EES@EES, Andrew S Fastow/HOU/ECT@ECT, Tim
DeSpain/HOU/ECT@ECT, Clint Freeland/Corp/Enron@Enron, Naveen
Andrews/Corp/Enron@ENRON, Matthew Adams/Corp/Enron@ENRON, Sunil
Dalal/Corp/Enron@ENRON, LaCrecia Davenport/Corp/Enron@Enron, Frank
Economou/NA/Enron@Enron, Xochitl Figueroa/NA/Enron@Enron, Frank
Hayden/Corp/Enron@Enron, Andy Knight/Corp/Enron@ENRON, Christian
LeBroc/Corp/Enron@ENRON, Nick Paraschos/Corp/Enron@ENRON, David Port/Market
Risk/Corp/Enron@ENRON, Manfred Roenz/Corp/Enron@Enron, Vladimir
Gorny/HOU/ECT@ECT, Rebecca Phillips/HOU/ECT@ECT, Jason Sokolov/HOU/ECT@ECT,
John Suttle/HOU/ECT@ECT, Veronica Valdez/HOU/ECT@ECT, Rudi
Zipter/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Minal Dalia/HOU/EES@EES, Ted
Murphy/HOU/ECT@ECT, Monica Reasoner/HOU/ECT@ECT, Ding Yuan/Corp/Enron@Enron,
Lloyd Fleming/LON/ECT@ECT, Oliver Gaylard/LON/ECT@ECT, Rodrigo
Lamas/LON/ECT@ECT, Suzanne Bain/LON/ECT@ECT, Jitendra Patel/Market Risk
Management/LON/ECT@ECT, Homan Amiry/LON/ECT@ECT
cc:
Subject: 2nd Request - RESPONSE NEEDED THIS WEEK PLEASE - Risk Mgmt.
Compliance Certificate

Please print and sign the attached Enron Corp. Risk Management Policy
Certificate of Compliance and fax directly to Veronica Valdez, fax # 713 646
2194. Due to certain regulatory audits of our trading businesses, we would
like to receive these by the end of this week.

Attached is a copy of the Certificate of Compliance, and the Enron Corp. Risk
Management Policy.

If you have any questions, please call me at (713) 853-0429, or Veronica
Valdez at (713) 853-1881.

Regards,
Cassandra Schultz
Market Risk Management


we will have to take the PMA, it looks like a deal entry error.
PL

 -----Original Message-----
From: 	Sprowls, Cathy
Sent:	Monday, October 08, 2001 2:31 PM
To:	Love, Phillip M.
Cc:	Bowen, Melba A.
Subject:	Texex Energy Partners Ltd  lone liquidations

Phillip

Melba and I just noticed there are two lone liquidations for Texex Energy Partners Ltd for August 2001 production that are linked to Sitara deals that say they are for August 2002.  Which year is correct?

Sitara 848155	August 2002	Tagg VG6573.1	August 2001
Sitara 848158	August 2002	Tagg VG6577.1	August 2001

The exposure on these two liquidations together would be $67,911	expense to the desk.

Let me know what we should do.

Thanks
Cathy


Mr. Kaplan -

Mr. Lay would like to title his speech "Energy and Climate Realism in a
Political World"  . We look forward to receiving additional information.

Thanks.

Rosalee

"Marshall Kaplan" <mkaplan@carbon.cudenver.edu> on 04/03/2001 10:23:30 AM
To: <klay@enron.com>
cc:
Subject:

Kenneth Lay
Chairman, Enron

from

Marshall Kaplan

Western State Power Forum: May 22 and May 23

Plans are proceeding nicely for the Western State Forum on May 22 and May
23.  We have an outstanding group of confirmed speakers and panelists
including many individuals that I assume you know as colleagues and friends.
I will be sending you more information on the Forum in the next few days. I
am going to send you the preliminary agenda  this morning.

You will be speaking at a critical time in the Forum; that is, just after
panels on power problems and polices and just before the final session
linking power and energy strategies to environmental objectives. It would be
great if your talk to the participants in the Forum could help them see the
relationship between power and energy related objectives and environmental
issues including GHG emissions. You should feel free however to focus your
talk in a manner of your choosing. Again, I will send you the prelim. agenda
soon.  Could you send me a title however for the final agenda's purposes?
We hope to print the final agenda later this week.    Thank you.

Marshall Kaplan, Executive Director
Institute for Policy Implementation
University of Colorado at Denver
1445 Market Street, Suite 350
Denver, Colorado 80202
tel: 303-820-5602   fax: 303-534-8774
email:  mkaplan@carbon.cudenver.edu


Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at 5-7095, Brant Reves at x3-9897, or the Global Credit Hotline at x3-1803.


I have friends who have no jobs or do not have to work at their jobs,
therefore they can surf all day long and find good jokes.  Those are two of
my favorites as well.
PL


----- Forwarded by Maureen McVicker/NA/Enron on 07/13/2001 08:32 AM -----

	Sarah Novosel 07/13/2001 08:17 AM 	   To: Maureen McVicker/NA/Enron@Enron  cc:   Subject: PJM RTO Order

Maureen:

Ginger asked me to forward this summary to you, and that Steve asked you to send it to others.  Please note that the attached summary is just the first in several to come today, and I will send them to you as we finish them.  However, the PJM one is probably the most important one, so it's a good one to get out early.

Please call me if you have any questions.

Sarah

----- Forwarded by Sarah Novosel/Corp/Enron on 07/13/2001 09:15 AM -----

	Sarah Novosel 07/13/2001 08:57 AM 	   To: Kevin M Presto/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@ECT, Jeff Ader/HOU/EES@EES, Edward D Baughman/Enron@EnronXGate, Joe Gordon/Enron@EnronXGate, Janelle Scheuer/Enron@EnronXGate, mbrown9@enron.com, Mark Bernstein/HOU/EES@EES, John Llodra/Enron@EnronXGate, W David Duran/Enron@EnronXGate, George Wood/Enron@EnronXGate, Dave Perrino/SF/ECT@ECT, Paul J Broderick/Enron@EnronXGate, Jason Thompkins/Enron@EnronXGate, Mason Hamlin/Enron@EnronXGate, Robert Stalford/Enron@EnronXGate, Tom May/Enron@EnronXGate, Gautam Gupta/Enron@EnronXGate, Narsimha Misra/Enron@EnronXGate, Steve Montovano/NA/Enron@Enron, Garrett Tripp/Enron@EnronXGate, Berney C Aucoin/Enron@EnronXGate, Jason Thompkins/Enron@EnronXGate, Rob Wheeler/Enron@EnronXGate, Rogers Herndon/Enron@EnronXGate, Jim Meyn/Enron@EnronXGate, Aleck Dadson/Enron@EnronXGate, Daniel Allegretti/Enron@EnronXGate, Pearce W Hammond/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, Howard Fromer/NA/Enron@Enron, Kathleen Sullivan/NA/Enron@ENRON, Tom Hoatson/Enron@EnronXGate, Thane Twiggs/Enron@EnronXGate, Sarah Novosel/Corp/Enron@ENRON, Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Charles Decker/HOU/EES@EES, Nick Politis/Enron@EnronXGate, sscott3@enron.com, Aleck Dadson/Enron@EnronXGate, Lloyd Will/Enron@EnronXGate, Ray Alvarez/NA/Enron@ENRON, Susan M Landwehr/NA/Enron@Enron, Charles Yeung/HOU/ECT@ECT, Andy Rodriquez/Enron@EnronXGate, John J Lavorato/Enron@EnronXGate, Louise Kitchen/Enron@EnronXGate, Greg Whalley/Enron@EnronXGate, susan.j.mara@enron.com, Jeff Dasovich/NA/Enron@Enron, Karen Denne/Enron@EnronXGate, mpalmer@enron.com, Alan Comnes/Enron@EnronXGate, Tom Briggs/NA/Enron@Enron, John Shelk/NA/Enron@Enron, Pat Shortridge/Corp/Enron@Enron, Chris Long/Corp/Enron@ENRON, Mike Roan/ENRON@enronXgate, Kerry Stroup/NA/Enron@Enron, Janine Migden/Enron@EnronXGate, Dave Mangskau/Corp/Enron@ENRON  cc:   Subject: PJM RTO Order

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


I'm going to change this deal to TransAlta (US) if its okay with you.


-----Original Message-----
From: 	Meyer, Chris
Sent:	Friday, January 18, 2002 3:40 PM
To:	Zisman, Stuart
Cc:	Parks, Joe; Nemec, Gerald
Subject:	Bridgeline Working Gas

Spoke with Joe Parks this p.m.  Bridgeline will require gas retention to cover December and January storage and transport fees (approx. $1.32 million).  Assuming a $2.35 fixed price for the gas, we should be able to liquidate a little better than 1 Bcf.  It will take (at most) 9 days to withdrawal given our firm withdrawal rights of 150,000 MMBtu/d.  The storage contract has interruptible withdrawal rights above this, but any withdrawals above 150,000 MMBtu will be on a best efforts basis.

Our highest net back will probably be Henry Hub; however, ENA's Transport Agreement only allows 55,000 firm delivery rights to HH...everything else will be on a secondary basis, which carries a lower priority of service in the event the pipeline restricts flows to HH.   Joe mentioned that Bridgeline may be willing to purchase the gas in ground.  Once we get the go ahead to sell, it will be a matter of  determining the best price to ENA.  The transport and storage does not appear to carry any incremental charges to move it across the Bridgeline system, since we will be reserving gas for January transport fees.  Therefore, we will look to the highest offer on the system.

Joe reminded me of a Bridgeline issue you addressed in an earlier e-mail which stated "he wants ENA to execute a document which makes it clear that by releasing the gas, Bridgeline is not waiving any rights that it might have to a warehouseman's lien on the gas in storage.  He is having their lawyer send a draft of this document to Gerald."

Questions:
1. Do you know where Gerald sits in relation to this matter?
2. Do we have to go to the BMC / Cash Committee, etc...to transact?

Let me know.

cmm


This is a reminder !!!!!  There will Not be a Friday Meeting September 22nd,
2000.

    Date:   Off Week

    Time:
    Location:

    Topic:   ENA Management Committee

If you have any questions or conflicts, please feel free to call me (3-0643).

Thanks,

Kay 3-0643


Dan,

I have forwarded you the Guaranty from Coastal.  This Guaranty is a redline
version that Coastal has provided comments on.  At this time they do not want
to negotiate the Master Agreement until they fully understand how their
current positions will fit into El Paso's trading book with the upcoming
merger.  Please review the attached Guaranty and provide your comments.  The
contact ar Coastal is Dai Nguyen, her phone number is 713-418-4229.

Thank you,

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 11/10/2000
02:14 PM ---------------------------

Dai.Nguyen@CMenergy.com on 11/10/2000 01:40:15 PM
To: Russell.Diamond@enron.com
cc:
Subject: FW: Enron Draft dated 10/11/00

-----Original Message-----
From: Gennaro, John [mailto:John.Gennaro@coastalcorp.com]
Sent: Friday, November 10, 2000 1:38 PM
To: 'Dai.Nguyen@CMenergy.com'
Subject: RE: Enron Draft dated 10/11/00

?<<ENRON.WPD>>

> -----Original Message-----
> From: Dai.Nguyen@CMenergy.com [SMTP:Dai.Nguyen@CMenergy.com]
> Sent: Friday, November 10, 2000 11:36 AM
> To:?? John.Gennaro@coastalcorp.com
> Subject:????? Enron Draft dated 10/11/00
>
> John,
>?
> I just received a phone call from Enron and they would like to have an
> electronic version of the draft dated 10/11/00.? Please e-mail it to me
> and I will forward it on.
>?
> Thanks.

?
 - ENRON.WPD


CALENDAR ENTRY:	APPOINTMENT

Description:
	Thursday, August 10, 2000 at 5:30 PM at La Griglia, 2002 W. Gray.  RSVP to Carol Gardner ext. 5160

Date:		8/10/2000
Time:		5:30 PM - 8:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Market Participants:

Please find attached the advisory statement mapping for the December 1999
Settlement Adjustment Invoicing.

(See attached file: December_1999_SA2_Version_Mapping.xls)

If you have any questions please contact your market
representative at 518-356-6060.
 - December_1999_SA2_Version_Mapping.xls