Gerald,  I haven't forgotten about this.  Will try to get it out to you
tomorrow.  Please email your phone and fax #'s.  Thanks,  Ann

> -----Original Message-----
> From: Crawford, Ann
> Sent: Friday, March 02, 2001 5:44 PM
> To: 'Gerald.Nemec@enron.com'
> Cc: Day, Brian (Denver)
> Subject: ENFOLIO Comments
>
> Gerald,
>
> I do apologize for not getting the comments away to you today as promised.
> I have two items I have to confirm with the traders.  If I do not hear on
> Monday morning I will flag the two items and forward the comments on the
> rest of the agreement.
>
> Have a good weekend!
>
> Ann


******************************************************************
Dear Susan Scott,

Today's American Airlines Domestic & International
Net SAAver Fares e-mail offer is valid only for travel next weekend.
Domestic Departure dates: December 1 - 2, 2000
International Departure dates: November 30 - December 1, 2000
Tickets must be purchased by Friday, November 24, 2000.

Due to the Thanksgiving Holiday, Domestic and International
Net SAAver Fares will not be offered this coming weekend,
November 23-25, 2000.

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

??????????????????????????Holiday Tips

If you are traveling during this Thanksgiving Holiday,
American Airlines has some helpful holiday tips that will
improve the entire holiday travel experience by making things
easier for passengers, airline service people, and airport
security personnel. To view these tips, go to
????http://www.aa.com/travelplanning
????????and have a happy holiday.

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

In this Issue:

1. American Airlines Domestic Net SAAver Fares
2. American Airlines International Net SAAver Fares
3. AAdvantage Net SAAver Awards
4. Hotels & Resorts
5. Vacation Packages
6. Rules and Restrictions
7. Subscribe/Unsubscribe Information

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

1. American Airlines Domestic Net SAAver Fares

Coach Class Travel
R/T
Fare ?Coach Class From: ????????????????To:
---- ?---------------- ?????????????????----------------
$189 ?Baltimore, MD (BWI) ??????????????Dallas/Fort Worth, TX (DFW)
$109 ?Beaumont/Port Arthur, TX (BPT) ???Dallas/Fort Worth, TX (DFW) #
$ 89 ?Bloomington, IL (BMI) ????????????Chicago O'Hare, IL (ORD) #
$319 ?Boston, MA (BOS) ?????????????????San Francisco, CA (SFO)

$ 89 ?Cedar Rapids, IA (CID) ???????????Chicago O'Hare, IL (ORD) #
$159 ?Cedar Rapids, IA (CID) ???????????Dallas/Fort Worth, TX (DFW) #
$159 ?Chicago Midway, IL (MDW) ?????????Dallas/Fort Worth, TX (DFW)
$ 89 ?Chicago O'Hare, IL (ORD) ?????????Cedar Rapids, IA (CID) #

$109 ?Chicago O'Hare, IL (ORD) ?????????Des Moines, IA (DSM) #
$189 ?Chicago O'Hare, IL (ORD) ?????????El Paso, TX (ELP)
$ 89 ?Chicago O'Hare, IL (ORD) ?????????Green Bay, WI (GRB) #
$ 89 ?Chicago O'Hare, IL (ORD) ?????????Indianapolis, IN (IND) #

$119 ?Chicago O'Hare, IL (ORD) ?????????Nashville, TN (BNA)
$159 ?Chicago O'Hare, IL (ORD) ?????????Oklahoma City, OK (OKC)
$209 ?Chicago O'Hare, IL (ORD) ?????????Orange County, CA (SNA)
$209 ?Chicago O'Hare, IL (ORD) ?????????Phoenix, AZ (PHX)

$159 ?Chicago O'Hare, IL (ORD) ?????????Providence, RI (PVD)
$209 ?Chicago O'Hare, IL (ORD) ?????????San Diego, CA (SAN)
$109 ?Dallas/Fort Worth, TX (DFW) ??????Beaumont/Port Arthur, TX (BPT)
$159 ?Dallas/Fort Worth, TX (DFW) ??????Cedar Rapids, IA (CID) #

$159 ?Dallas/Fort Worth, TX (DFW) ??????Chicago Midway, IL (MDW)
$159 ?Dallas/Fort Worth, TX (DFW) ??????Des Moines, IA (DSM)
$169 ?Dallas/Fort Worth, TX (DFW) ??????Greensboro, NC (GSO)
$169 ?Dallas/Fort Worth, TX (DFW) ??????Jacksonville, FL (JAX)

$109 ?Dallas/Fort Worth, TX (DFW) ??????Laredo, TX (LRD) #
$159 ?Dallas/Fort Worth, TX (DFW) ??????Louisville, KY (SDF)
$109 ?Dallas/Fort Worth, TX (DFW) ??????NW Arkansas Regional, AR (XNA)
$189 ?Dallas/Fort Worth, TX (DFW) ??????Ontario, CA (ONT)

$189 ?Dallas/Fort Worth, TX (DFW) ??????Raleigh/Durham, NC (RDU)
$189 ?Dallas/Fort Worth, TX (DFW) ??????Reno, NV (RNO)
$189 ?Dallas/Fort Worth, TX (DFW) ??????Richmond, VA (RIC)
$209 ?Dallas/Fort Worth, TX (DFW) ??????Sacramento, CA (SMF)

$169 ?Dallas/Fort Worth, TX (DFW) ??????Tampa, FL (TPA)
$109 ?Des Moines, IA (DSM) ?????????????Chicago O'Hare, IL (ORD) #
$189 ?El Paso, TX (ELP) ????????????????Chicago O'Hare, IL (ORD)
$169 ?Greensboro, NC (GSO) ?????????????Dallas/Fort Worth, TX (DFW)

$319 ?Honolulu, HI (HNL) ???????????????San Jose, CA (SJC)
$189 ?Houston Hobby, TX (HOU) ??????????Los Angeles, CA (LAX)
$209 ?Houston Hobby, TX (HOU) ??????????New York LaGuardia, NY (LGA)
$169 ?Jacksonville, FL (JAX) ???????????Dallas/Fort Worth, TX (DFW)

$ 89 ?Key West, FL (EYW) ???????????????Miami, FL (MIA) #
$109 ?Laredo, TX (LRD) ?????????????????Dallas/Fort Worth, TX (DFW) #
$189 ?Los Angeles, CA (LAX) ????????????Houston Hobby, TX (HOU)
$109 ?Los Angeles, CA (LAX) ????????????Monterey, CA (MRY) #

$ 89 ?Los Angeles, CA (LAX) ????????????Palm Springs, CA (PSP) #
$159 ?Louisville, KY (SDF) ?????????????Dallas/Fort Worth, TX (DFW)
$189 ?Miami, FL (MIA) ??????????????????Boston, MA (BOS)
$189 ?Miami, FL (MIA) ??????????????????Chicago O'Hare, IL (ORD)

$169 ?Miami, FL (MIA) ??????????????????Washington Reagan Nat'l, DC (DCA)
$109 ?Monterey, CA (MRY) ???????????????Los Angeles, CA (LAX) #
$119 ?Nashville, TN (BNA) ??????????????Chicago O'Hare, IL (ORD)
$319 ?New York Kennedy, NY (JFK) ???????San Jose, CA (SJC)

$ 89 ?New York Kennedy, NY (JFK) ???????Worcester, MA (ORH) #
$209 ?New York LaGuardia, NY (LGA) ?????Houston Hobby, TX (HOU)
$189 ?New York LaGuardia, NY (LGA) ?????Miami, FL (MIA)
$109 ?New York LaGuardia, NY (LGA) ?????Portland, ME (PWM) #

$109 ?NW Arkansas Regional, AR (XNA) ???Dallas/Fort Worth, TX (DFW) #
$159 ?Oklahoma City, OK (OKC) ??????????Chicago O'Hare, IL (ORD)
$189 ?Ontario, CA (ONT) ????????????????Dallas/Fort Worth, TX (DFW)
$209 ?Orange County, CA (SNA) ??????????Chicago O'Hare, IL (ORD)

$169 ?Orange County, CA (SNA) ??????????Seattle, WA (SEA)
$ 89 ?Palm Springs, CA (PSP) ???????????Los Angeles, CA (LAX) #
$209 ?Phoenix, AZ (PHX) ????????????????Chicago O'Hare, IL (ORD)
$109 ?Portland, ME (PWM) ???????????????New York LaGuardia, NY (LGA) #

$159 ?Providence, RI (PVD) ?????????????Chicago O'Hare, IL (ORD)
$189 ?Raleigh/Durham, NC (RDU) ?????????Dallas/Fort Worth, TX (DFW)
$189 ?Reno, NV (RNO) ???????????????????Dallas/Fort Worth, TX (DFW)
$189 ?Richmond, VA (RIC) ???????????????Dallas/Fort Worth, TX (DFW)

$209 ?Sacramento, CA (SMF) ?????????????Dallas/Fort Worth, TX (DFW)
$319 ?San Francisco, CA (SFO) ??????????Boston, MA (BOS)
$319 ?San Jose, CA (SJC) ???????????????New York Kennedy, NY (JFK)
$169 ?Seattle, WA (SEA) ????????????????Orange County, CA (SNA)

$169 ?Tampa, FL (TPA) ??????????????????Dallas/Fort Worth, TX (DFW)
$ 89 ?Worcester (ORH) ??????????????????New York Kennedy, NY (JFK) #

# American Eagle service

-----------------------------------

Travel Dates and Times for Net SAAver Fares:

- Depart Friday, December 1, 2000 on or after 7:00 p.m. or anytime on
??Saturday, December 2, 2000
- Return anytime the following Monday, December 4, 2000 or
??Tuesday, December 5, 2000
- Friday evening travel may not be available in all markets
- Tickets must be purchased no later than this Friday, November 24, 2000,
??12:00 midnight (CST)

-----------------------------------

How to Book Net SAAver Fares
Net SAAver Fares are now exclusively available on the Web at AA.com.

To book, login to AA.com with your AAdvantage number and PIN by clicking:
??????????????http://www.aa.com
then click on Current Web Fare Specials and Net SAAver Fares.

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

2. American Airlines International Net SAAver Fares

Coach Class Travel
R/T
Fare ?Coach Class From: ????????????????To:
---- ?---------------- ?????????????????----------------
$289 ?Boston, MA (BOS) ?????????????????Paris De Gaulle, France (CDG)
$209 ?Chicago O'Hare, IL (ORD) ?????????Monterrey, Mexico (MTY)
$179 ?Dallas/Fort Worth, TX (DFW) ??????Monterrey, Mexico (MTY)
$379 ?Los Angeles, CA (LAX) ????????????Paris De Gaulle, France (CDG)

$ 89 ?Miami, FL (MIA) ??????????????????George Town, Bahamas (GGT) #
$ 99 ?Miami, FL (MIA) ??????????????????Marsh Harbour, Bahamas (MHH) #
$199 ?Miami, FL (MIA) ??????????????????Mexico City, Mexico (MEX)
$249 ?Miami, FL (MIA) ??????????????????St. Croix, USVI (STX)

$189 ?New York Kennedy, NY (JFK) ???????Bermuda, Bermuda (BDA)
$289 ?New York Kennedy, NY (JFK) ???????Paris De Gaulle, France (CDG)
$199 ?San Juan, PR (SJU) ???????????????Miami, FL (MIA)
$ 89 ?San Juan, PR (SJU) ???????????????St. Croix, USVI (STX) #

$ 99 ?San Juan, PR (SJU) ???????????????St. Maarten, Netherlands AN (SXM) ?$459 ?Seattle, WA (SEA) ????????????????Tokyo Narita, Japan (NRT)??# American Eagle service? A portion of travel may be on American Eagle service

-----------------------------------

Travel Dates and Times for Net SAAver Fares:

- Depart Thursday, November 30, 2000 or Friday, December 1, 2000
- Return anytime the following Monday, December 4, 2000 or
??Tuesday, December 5, 2000
- Tickets must be purchased no later than this Friday, November 24, 2000,
??12:00 midnight (CST)

-----------------------------------

How to Book Net SAAver Fares
Net SAAver Fares are now exclusively available on the Web at AA.com.

To book, login to AA.com with your AAdvantage number and PIN by clicking:
??????????????http://www.aa.com
then click on Current Web Fare Specials and Net SAAver Fares.

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

3. AAdvantage Net SAAver Awards

??????????????????Travel On 4,000 AAdvantage Miles!

????Award travel is closer than you think! Because now you can claim
???AAdvantage Net SAAver Awards for as low as 4,000 AAdvantage miles.
????With this award reduction, getting away with Net SAAver Awards
??????????????????????has never been easier!

???????See how far your miles can take you. Call AAdvantage today.
??$ 89 destinations are just $49 plus ?4,000 miles
??$109 destinations are just $49 plus ?7,000 miles
??$119 destinations are just $49 plus ?7,000 miles
??$159 destinations are just $49 plus 13,000 miles
??$169 destinations are just $49 plus 13,000 miles
??$189 destinations are just $49 plus 16,000 miles
??$209 destinations are just $49 plus 17,000 miles
??$319 award not available

- ?Our AAdvantage Net SAAver Awards are a great way
???to use your AAdvantage miles to obtain a travel award
???for less mileage. To determine the mileage required, compare
???the fares in this week's Domestic Net SAAver list with the chart above.

- ?AAdvantage Net SAAver Awards are valid for travel departing December 1 -
???December 2, 2000 for the markets listed above.

- ?AAdvantage Net SAAver Awards are not applicable to First/Business Class,
???International or Transborder fares.

- ?To book your AAdvantage Net SAAver Award trip
???call AAdvantage toll-free, 800-882-8880.

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

4. Hotels

Wyndham Hotels & Resorts

??????????????????Wyndhams's Weekend Deals

What are you doing this weekend? Get away with Wyndham's
50/50 Weekend Escapec. Bring the kids and get 50 percent off a
second room. Or simply save 50 percent off a second night. Either
way it's a great deal. Wyndham's Weekend Romance Getaway. Get away
from it all and spend the weekend alone with your sweetheart.
Wyndham's romantic getaways let you take a break from your everyday
routine and focus on each other again. Click on the link below
or call 800-WYNDHAM (800-996-3426) to book your reservation.

?????http://www.wyndham.com/Specials_Deals/weekend_deals.cfm

***********************************
Divi Resorts

Escape to the Caribbean with Divi Resorts and save 35% while
earning 500 AAdvantage miles. Divi Resorts offers you the choice
of so many islands and so much fun with nine resorts on Aruba,
Barbados, Bonaire, Cayman Brac, St. Croix and St. Maarten. Book
by 11/30/00 for travel through 12/17/00, and 1/7/01 through 2/11/01.
To make your reservation, and escape to the Caribbean, visit Divi
Resorts at:

?????http://www.diviresorts.com

***********************************
***********************************
5. Vacation Packages

???????American Airlines Vacation Packages

Book your American Airlines Vacation package online.
Go to the AA Vacations web site by clicking here:
??????????http://www.aavacations.com
and earn up to 3,000 AAdvantage bonus miles!
You may also call toll-free 800-321-2121 to learn more

--------------------------------------

???????????Marriott Vacation Club

WIN $20,000! ENTER the NEW Vacation for a Lifetime Sweepstakes

One lucky Grand Prize winner will receive a $20,000 cash
prize which may be used towards the purchase of a one week
Vacation Ownership interest from Marriott (tm) Vacation Club Int.
Also 100 winners will receive 10,000 AAdvantage Miles!
Click below to ENTER NOW!

?????http://www.sweepstakes.vacationclub.com/aadvantage

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

6. Additional Rules and Restrictions

AA Net SAAver Fares Restrictions:
Fares shown do not include (i) up to a $3 USD federal excise
tax, which will be imposed on each flight segment of your
itinerary, (ii) local airport charges of up to $12, if applicable,
and, (iii) Canadian taxes of up to $22, if applicable. International
fares are subject to government approval. Government taxes and fees of
up to $88 USD, varying by destination, are not included and may vary
slightly depending on currency exchange rates at the time of purchase.
Tickets are nonrefundable and must be purchased at the time the
reservation is made. ?Prior to departure, changes to your ticket may
be made if you pay up to a $75 USD change fee and meet the restrictions
applicable to the new fare. ?Seats are limited. Fares may not be
available on all flights and are subject to change without notice.
All or a portion of your travel may be on American Eagle,
American's regional airline associate. Other restrictions
apply, click on one of the links below, or login to
http://www.aa.com for more information.

http://www.aa.com/domnsrules

http://www.aa.com/intlnsrules

Net SAAver Fares is a trademark and American Airlines and
American Eagle are registered trademarks of American Airlines, Inc.
***********************************
***********************************
This email has been sent to SSCOTT5@ENRON.COM

If you choose not to receive Net SAAver Fares messages, or if you would like
to change your e-mail address, please visit:
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or e-mail us with a subject of "unsubscribe" and we'll remove you from all
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 [IMAGE]


FYI

USA: Enron shares in stay in doldrums after downgrade.
Reuters English News Service, 10/29/01
USA: US companies' credit quality to worsen-Moody's.
Reuters English News Service, 10/29/01

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
Bloomberg, 10/29/01

USA: Enron shares drop despite further triage attempts.
Reuters English News Service, 10/29/01

USA: Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
USA: UPDATE 1-Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
POWER POINTS:Enron May Have To Rethink Asset-Light Focus
Dow Jones Energy Service, 10/29/01
OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's
AFX News, 10/29/01
USA: Moody's cuts Enron to 2 notches above "junk".
Reuters English News Service, 10/29/01
UK: Europe energy firms wary of Enron on credit worries.
Reuters English News Service, 10/29/01
BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
Dow Jones Energy Service, 10/29/01

USA: Enron shares in stay in doldrums after downgrade.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Enron Corp.'s share price hovered above seven-year lows touched in earlier trade Monday after Moody's Investor Service cut the credit status of its senior unsecured debt of North America's largest energy trader to two ratings above junk status.
Enron, the largest electricity and natural gas trader in North America, also on Monday said it was in talks with banks to expand its credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron shares were down $1.40, or 9.03 percent, to $14.10 on the New York Stock Exchange, after earlier in the session trading below $14 for the first time since December 1994.
Moody's also warned that it could cut the debt rating again, now downgraded to Baa2, as well as its rating for the Enron's commercial paper.
Enron's credit-worthiness will have a direct affect on its day-to-day trading operations and its trading partners' perception of making good on trades. With a credit rating hovering above junk status, the cost of doing business will soar as trading partners look for increased collateral to back trades.
Last week Enron shares lost almost $14 billion in market value as a series of piecemeal disclosures about the company's involvement in complex partnerships began to trickle out.
Investors have fled Enron's stock in droves following disclosures that the company did off-the-balance sheet transactions with two limited partnerships run by former chief financial officer Andrew Fastow in deals the U.S. Securities and Exchange Commission is now looking into for possible conflict of interest.
Enron compensated its partners in this off-balance sheet structure with the promise of Enron shares, if the value of private investments in several of its units fell below a certain level.
Many industry observers see Enron's request for additional credit, after the company tapped its banks for $3.3 billion last week, as a sign a weakness.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carol Levenson, an analyst with independent research firm gimmecredit.com.

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

USA: US companies' credit quality to worsen-Moody's.
By Jonathan Stempel

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - U.S. corporate credit quality is likely to grow much worse before it gets better, a leading credit rating agency said in a report issued on Monday.
Moody's Investors Service said that in the third quarter, it put on review for downgrade its credit ratings for 122 U.S. companies. At the same time, it put on review for upgrade its ratings for just 22 companies.
That 5.5-to-1 ratio is far greater than the 1.3-to-1 ratio in the second quarter.
In dollar terms, the situation looks more dire. Moody's warned it may downgrade $543 billion of debt, dwarfing the $66 billion Moody's said it may upgrade by 8.2-to-1.
"Particularly in light of September 11, the fourth quarter will be particularly weak for credit rating changes," said John Puchalla, Moody's senior economist. "A wide excess of rating reviews for downgrade over upgrades in the third quarter suggests credit deterioration will persist at least into early next year."
Rating reviews are significant because, unlike actual rating changes, they are not a "lagging" indicator, and suggest the future direction of corporate credit. Moody's normally wraps up its reviews within three months.
U.S. corporate credit quality is falling for many reasons. These include the weakening U.S. economy, an inability of marginal companies to raise cash, debt-financed merger activity and fallout from the Sept. 11 attacks on such industries as airlines, insurance, and travel.
For example, Moody's in July warned it may cut Comcast Corp.'s ratings after the Philadelphia-based company bid $44.5 billion for AT&T Corp.'s cable TV operations.
Then last month, Moody's warned it may cut Chicago-based Boeing Co.'s ratings because of the attacks' potential impact on demand for commercial airplanes.
In the third quarter, Moody's warned it may cut its ratings of 54 speculative-grade, or "junk"-rated, companies, and raise the ratings of just 11. For investment-grade companies, the gap was even more yawning: 68-to-11.
And in the fourth quarter? Through Friday, Moody's warned it may downgrade 47 companies and raise a mere four. On Monday, it downgraded embattled energy trading giant Enron Corp., and put all of its ratings on review for another downgrade.
Puchalla, however, said the decline could slow next year, in part because interest rates are low and companies are managing their balance sheets more conservatively.
"Lower borrowing costs and slowing debt growth should reduce debt servicing costs, and fiscal stimulus from the federal government should boost business revenues," he said. "That is a positive for credit quality."
The third quarter was the 14th in a row when corporate rating downgrades outpaced upgrades. The record is 19 quarters, set between 1988 and 1993.

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

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
2001-10-29 12:16 (New York)

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)

     (Updates with analyst comment in fifth paragraph.)

     Houston, Oct. 29 (Bloomberg) -- Enron Corp., which can't get
low-interest, short-term loans, faces skeptical lenders who will
demand increasingly harsher terms as the largest energy trader
tries to get cash in the bank, credit analysts said.

     ``Anyone providing new funding is going to be nervous,'' said
Sean Egan, managing director at Egan-Jones Ratings Co. ``It's
likely that lenders are going to demand collateral.''

     Enron is trying to get $1 billion to $2 billion in loans from
Citigroup Inc., J.P. Morgan Chase & Co. and other banks to calm
investors after a 52 percent drop in the company's stock since
Oct. 17, the Wall Street Journal reported. The company needs cash
every day to settle commodities transactions and to keep trading
partners.

     The company on Thursday tapped $3.3 billion in bank credit
lines last week to pay off about $2 billion in commercial paper,
or short-term corporate loans. A week ago, the Enron said the U.S.
Securities and Exchange Commission had began an inquiry into
related-party transactions. They cost the company $35 million and
$1.2 billion in lost shareholder equity.

     ``Banks are in the driver's seat, and Enron is a little
desperate,'' said Peter Petas, a debt analyst at CreditSights Inc.
``I think their interest rates for loans would go up.''

                       Sells Assets for Cash

     Companies in Enron's situation often agree to other bank
terms in order to secure loans, Petas said. Those can include
agreeing to use proceeds from selling assets to pay debt and
putting up assets as collateral.

     Enron is attempting to sell assets to raise cash. Two related
partnerships, Osprey and Marlin, depend on selling power plants
and similar assets to repay $3.3 billion borrowed to buy the
plants. Enron may have to pay any difference between the debt and
sales proceeds.

     The company plans to complete the $2.9 billion sale of
Portland General Electric, an Oregon utility, to Northwest Natural
Gas Co. next year.

     Shares of Houston-based Enron fell $1.30, or 8.4 percent, to
$14.10 in midday trading. Earlier, they touched $13.55, down 12
percent. The company's credit rating was cut by Moody's Investors
Service after it wrote down the value of its assets.

     The stock had tumbled 80 percent in the past 12 months.

--Russell Hubbard in the Princeton newsroom, 609-750-4651

USA: Enron shares drop despite further triage attempts.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Enron shares slipped to a new six-year low in early trade as North America's largest natural gas and electricity trader said it was talking to banks about tapping additional credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron's shares were trading down 90 cents, or 5.8 percent, to $14.60 in early morning trade on the New York Stock Exchange. Shares crashed through $15, a low not seen since February 1995.
Last week, Enron shed almost $14 billion in market value as its stock price tumbled more than half since last week, when a series of piecemeal disclosures about its involvement in complex partnerships began to trickle out.
However, many industry observers see Enron's request for an additional credit after tapping its banks for $3.3 billion last week after as a sign a weakness not of strength.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carole Levenson, research analyst with independent research firm gimmecredit.com.

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

USA: Enron says in talks with banks for new credit line.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a move to shore up investor confidence.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on a new credit line.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
Enron shares sank 50 cents, or 3.2 percent, to $15 in early morning trade on the New York Stock Exchange. ((David Howard Sinkman, New York Newsdesk 646-223-6094)).

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

USA: UPDATE 1-Enron says in talks with banks for new credit line.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a new move to shore up investor confidence after it tapped about $3 billion in credit last week, and to stop a plunge in the company's stock that set new six-year lows.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on the new credit line.
Enron shares crashed through a psychological barrier of $15 a share, shedding $1.66, or 10.65 percent, to $13.85 in early morning trade on the New York Stock Exchange. The stock has lost more than half of its value in the past two weeks, losing more than $14 billion in market capitalization.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer in Houston.
Enron shares have tumbled since the company reported its first-quarterly loss in more than four years on Oct. 16. The company also wrote down $1.2 billion in equity, including transactions with partnerships formerly run by its chief financial officer who was forced to step down from Enron last week.
The sell-off was sparked by investor concern about the transparency of the transactions, which the Securities and Exchange Commission is examining. Enron last week replaced CFO Andrew Fastow as part of efforts to restore investor confidence.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
"Clearly, both the stock and bond market view Enron as being in dire straits," said independent research firm Gimme Credit analyst Carol Levenson.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead it's an act of desperation."

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

POWER POINTS:Enron May Have To Rethink Asset-Light Focus
By Mark Golden

10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

NEW YORK -(Dow Jones)- On the face of things, it's hard to understand the stock market's headspinning reaction to Enron Corp.'s (ENE) revelation of some bad news in recent weeks.
Why the talk of a "death spiral" for North America's premier energy trading company? The stock price of Cisco Systems Inc. (CSCO), for example, saw an almost identical drop over a similar 12-month period. Nobody questioned the viability of Cisco.
The difference is that over the past few years, Enron has redefined itself as a company that runs on financial and intellectual muscle - not hard assets - and that focus is getting the company into trouble now that its credibility is in question.
If you're buying network components, you can probably stand some ambiguity in the finances of your supplier. After all, you're buying something you can touch. But if you're buying power or gas, what you're really buying is a commitment to deliver. If your supplier doesn't come through when the market gets tough, you're left totally exposed. In Enron's energy trading business, then, credibility at every level is critical.
For now, Enron looks to be more than viable. But the company's asset-light strategy might not be. Gross profits from trading have shrunk to 1.65% in the third quarter from 5.26% in the first quarter of 1998. Meanwhile, asset-heavy energy companies like Mirant Corp. (MIR) and Calpine Corp. (CPN) successfully use trading to optimize the performance of power plants and other infrastructure.
Two weeks ago, Enron reported a $618 million third-quarter loss, resulting from $1.01 billion in write-offs. That didn't send investors running, however. In fact, its stock price rose a bit on the news.
What hurt was the disclosure that Enron had reduced its net assets, or "shareholders' equity," by $1.2 billion as a consequence of unwinding positions in partnerships headed by former Chief Financial Officer Andrew Fastow. That, along with warnings of possible downgrades by credit ratings agencies and an inquiry by the Securities & Exchange Commission produced a $15.6 billion drop in Enron's market value.
On Monday, Moody's Investors Service followed through by downgrading its rating on Enron's senior, unsecured long-term debt to Baa2 from Baa1, leaving it two steps above junk-bond levels. The agency kept Enron's ratings on watch for further downgrade.
Long-Running Concerns

A 50% hit to shareholder value still seems like an overreaction to a 10% reduction in shareholders' equity. The stock price reflects the expectation of additional losses to be reported and Enron's loss of credibility. Enron executives in a conference call Tuesday insisted that the worst was behind them, but few on the call believed that.
For some analysts, Enron's revelations only fed long-running concerns about the company's lack of financial disclosure.
Cary Wasden, managing partner of Reed Wasden Research, has had a "sell" recommendation on Enron since March. Unlike the analysts at big Wall Street firms, Wasden isn't in the business of selling stock. His firm isn't involved in brokerage and isn't a hedge fund. Wasden gets paid for his research, and the company doesn't invest in the securities it covers.
A main Wasden concern with Enron is that the company has regularly included the proceeds from one-time sale of physical assets in operating income. His belief is that Enron has dramatically inflated its earnings for the past couple of years - a concern to which an Enron spokeswoman couldn't immediately respond.
"Don't believe by any means this is the end of the story," Wasden said.
Wall Street sell-side analysts have largely kept Enron as a "buy" or "strong buy" as the stock fell from $90 to $20. But even they are expressing concerns about the quality of Enron's reporting.
For now, the plunge in the price of Enron's shares and bonds, which last week started trading like junk-rated debt, hasn't hurt its credit standing with energy trading partners.
"We haven't changed our thinking regarding Enron or our policies and practices. We're watching it, and so is everybody else, but they are a solid company," Reliant Energy Inc. (REI) spokesman Richard Wheatley said in a typical reaction. "This is unfortunately a feeding frenzy regarding some dealings that I'm sure Enron will be able to come out of at some point."
Keeping Talent A Challenge

Enron is a big company - far too big to ignore. But continued deterioration in the price of its shares and bonds could lead counterparties to restrict their traders' transactions with Enron. If the company's investment-grade bonds continue to trade near levels traditionally considered distressed, risk managers won't be able to ignore it, whatever else Moody's does.
Assuming that doesn't happen, Enron still faces a tough road ahead. Like all companies, Enron is the combination of capital and talent. For financial companies, talent is the more important ingredient, and Enron has been suffering damage to its talent for some time.
New Chief Executive Jeff Skilling left in August, and a handful of his key lieutenants left earlier in the year. The losses can be expected to continue. Much of the top management cashed out when the company's stock price was high and moved on. Now middle management on down is angry and anxious to move on, if they haven't already.
Over the years, Enron has compensated its very talented labor with stock options to make up for base pay considered low by the industry. Those options are now nearly worthless. If Enron's debt-service costs rise, the company could struggle to attract the talent needed to generate income in its core business of trading energy in North America.
Some analysts would like to see more turnover at the very top. When Skilling left, nobody believed Skilling or Chairman Kenneth Lay's assurances that it was for "personal reasons." When CFO Fastow was forced out of his position last week, Lay said, "In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO."
That's putting words in Wall Street analysts' mouths. Who thought scapegoating Fastow was really the answer?
"I don't know anybody who said that," Wasden said. "What did the CFO do, what did Skilling do, that Ken Lay wasn't part of?"
Real change will have to come from without, Wasden said.
"Enron has been a cult, more than a company," he said. "Recruiting from within does nothing to change the company, it just changes the disciples. Enron needs to pull some top talent from outside."
Nevertheless, Wasden thinks Enron's stock has reached its natural floor and, if the company starts disclosing how it really makes money, it can recover over time.
"There are a lot of earnings that can be wrung out of really strong operating assets, like pipelines and power plants," he said.
That means paying more attention to the assets that Enron has spent the past few years denigrating. Given the bind Enron is in, Lay won't have much choice. Enron will survive, but it won't be the same company at all.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

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

OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's

10/29/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

(Moody's corrected its stance on Enron ratings to a downgrade)
NEW YORK (AFX) - Moody's Investors Service said it has lowered the senior unsecured long-term debt ratings of Enron Corp from Baa1 to Baa2 following a deterioration in Enron's financial flexibility since the company announced significant writedowns as well as equity charges in previously undisclosed partnership investments.
The long-term debt ratings remain on review for further downgrade, Moody's said.
Moody's also placed the company's Prime-2 rating for commercial paper on review for downgrade.
Moody's initially placed Enron's long-term debt ratings on review on Oct 16. The write-downs and equity charges led to a substantial loss in investor confidence that has led to a more than halving of Enron's share price and difficulties in rolling over commercial paper, according to Moody's.
In response to these events, Moody's said Enron has shored up its near-term liquidity position by drawing down on all of its committed revolving credit facilities and buying back its outstanding commercial paper, leaving the company with a net cash position of approximately 1.2 bln usd.
Moody's said it plans to focus on management's success in lining up further liquidity support and on their ability to retain credit availability from their major counterparties.
aw/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

USA: Moody's cuts Enron to 2 notches above "junk".

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Moody's Investors Service on Monday cut embattled energy trading giant Enron Corp.'s senior unsecured debt rating to two notches above junk status, and warned it may cut that rating again, as well as its rating for Enron's commercial paper.
The rating agency cut Houston-based Enron's senior unsecured debt to "Baa2" from "Baa1," and said it may cut Enron's "Prime-2" commercial paper rating, which affects short-term debt. Its rating actions affect $13 billion.
Moody's said Enron is suffering from deteriorating financial flexibility since it announced big write-downs and equity charges from previously undisclosed partnership investments this month. This triggered "difficulties in rolling over commercial paper," Moody's said.
Enron, which has about $63.4 billion in energy assets, said on Monday it is talking with banks to get more credit, after last week drawing down $3 billion from a bank credit line to buy back its outstanding commercial paper.
Its shares traded Monday on the New York Stock Exchange at $13.75, down $1.75, or 11.3 percent. They have fallen 62 percent since Oct. 12, from $35.81.
Rating agency, Standard & Poor's, on Thursday revised its outlook for Enron's ratings to "negative" from "stable."

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

UK: Europe energy firms wary of Enron on credit worries.
By Stuart Penson

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 29 (Reuters) - Energy companies in Europe are shying away from trading with troubled U.S. energy group Enron amid concerns about the company's credit status, industry sources said on Monday.
Several large energy groups have frozen their dealings with Enron - one of Europe's biggest gas and power traders - as they hold urgent talks with the U.S. group about setting up new credit arrangements, the sources said.
"I think Enron's approach is to get the major counterparties back on board as quickly as possible and then hope the smaller ones will follow," said the head of risk management at one UK utility that halted its trade with Enron last week.
"They are talking with us about bank letters of credit," he said. "The people that are still trading with them are doing so on a very restrictive basis."
A spokesman for Enron's European headquarters in London headquarters declined to comment.
Reluctance to trade with Enron in Europe comes as the company tries to rebuild investor confidence after its stock hit five-year lows.
Triggering the slide was news last week the U.S. Securities and Exchange Commission is investigating huge losses relating to a private equity operation run by its former chief financial officer.
Houston-based Enron trades a large amount of its volume in the U.S. and Europe through its Internet EnronOnline system.
Last Friday the company said trade on EnronOnline was above average levels with more than 8,400 transactions at a notional value of approximately $4 billion.
Traders said Enron's plight could hit liquidity in European gas and power markets, where liberalisation has unleashed rapid growth in energy trading in the last couple of years.
One industry source cited a brokers list showing eight companies in the UK electricity market had put on hold their trading Enron, which is among the biggest five traders in the market.
In mainland Europe, where Enron has been a major driver of liquidity, potential counterparties are treading with care.
"We are avoiding them as counterparties - either by not trading with them or by using a 'sleeve' (a third party trader)," said a senior trader at one of Germany's big utilities, who declined to be named.
French traders said wariness about dealing with Enron had dampened liquidity although Enron was still in the market on Monday morning.
"Enron is a major player so counter parties are looking to see if there is a problem," said one French trader.

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

BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
By Michael Rieke

10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Thanks to Enron Corp. (ENE), the broadband sector again looks like a place to make money.
But it won't be traders who will cash in on this new potential. It will be class-action attorneys. They're already lining up to sue Enron in at least five shareholder suits.
As of Oct. 25, two of lawsuits had been filed against Enron in federal court and three more in Texas state court. Most of them name as defendants Ken Lay, Enron's longtime chairman, former Chief Executive Jeff Skilling and Andrew Fastow, Enron's chief financial officer until he was put on leave of absence Oct. 25.
Still another suit, which isn't a class action suit, was filed naming as defendants members of Enron's board of directors.
All the lawsuits concentrate on private investment partnerships Enron set up, many of them managed by Fastow. Most of the suits contend that it was a conflict of interest to have the Fastow partnerships doing complicated hedging transactions with Enron.
The transactions named in the lawsuits involved billions of dollars of underperforming assets in broadband, water and other Enron investments.
Fastow operated on both sides of some of those transactions. As Enron's chief financial officer, he was being paid to manage the corporation's finances. As general partner of two LJM partnerships, he managed the counterparties to billions of dollars of trades with Enron. He shared in profits of those partnerships.
When investors began demanding information about the transactions, Enron's share price began to slide. With the heat on, Enron recently unwound the trades with the partnerships and booked $544 million related to losses from early termination of the deals, among other things.
That's when the class action attorneys went to work. So far, at least 14 law firms are representing the plaintiffs. Enron didn't respond to calls asking about the lawsuits.
Among the law firms representing plaintiffs is Milberg Weiss Bershad Hynes & Lerach, which put out a news release announcing its lawsuit. The release points out that the firm has been responsible for recovering more than $30 billion from class action lawsuits.
The lawsuits bring up questions about the bandwidth trading market. Some of the deals with the LJM partnerships run by Fastow "purportedly involved hedging transactions in the broadband market," according to Abrams and Franks v. Enron et al.
That could tie into questions that have lingered in the bandwidth market for months. Market skeptics have said Enron and other energy companies are the only ones trading bandwidth.
Enron has reported that it has been trading with a growing number of counterparties, a total of 120 in the second quarter of this year, according to Enron.
Now market watchers will want to know if any of Enron's trades were done with the LJM partnerships managed by Fastow.
They will also want to know how many bandwidth trades were done with Chewco Investments. That Houston company, according to a report in The Wall Street Journal, was managed by Michael Kopper and was set up in 1997 when Kopper was a managing director with Enron's Global Equity Markets Group. He left Enron earlier this year to work for partnerships run by Fastow.
Do the plaintiffs' attorneys know whether Enron was trading bandwidth with any of those investment partnerships?
"I think if is too early to tell," Thomas Bilek of Hoeffner & Bilek told Bandwidth Beat. "As you know, (information) is coming out in drabs and dribbles from Enron."
It could be several months before plaintiffs' attorneys get a chance to ask Enron officials those questions, Bilek said.
It's also too early to tell what potential damages plaintiffs could win, said Steven Schulman, an attorney with Milberg Weiss. "At this point, you can only talk about it in terms of (shareholder) losses, and the losses are in the billions."
Total losses will depend on the price each shareholder plaintiff paid for the stock and the price at which each shareholder later sold the stock.
Enron's share price topped out between $90 and $91 in the summer of last year. It set a 52-week low Oct. 26 at $15.04. That spread leaves plenty of room for losses.
Schulman told Bandwidth Beat that the record for losses in shareholder cases is $11 billion in a case involving Cendant Corp. (CD). Damages are usually a substantial portion of losses, Schulman said.
"Whether (the Enron case) is bigger or less, I couldn't opine," he said. "This is a big case, by any means."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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


Changes in Enron's business require us to reevaluate how we approach the
engineering and construction function within Enron.  Specifically,  Enron
Energy Services' (EES) business has grown dramatically and that requires
considerable additional engineering and construction resources both to
develop solutions for customers and to deliver those solutions to customers.
Additionally, in light of Enron's continued emphasis on increasing our return
on invested capital, we have been engaged in fewer large scale construction
projects around the world.  Historically, these projects have been a primary
focus of EECC's activities.  Consequently we are making the following
organizational changes concerning EECC:

EECC's pipeline construction group, led by Jerry Martin, will become part of
Enron Transportation Services.
NEPCO will continue to operate as a stand alone entity focused on power plant
construction services to Enron entities and third parties.
The remainder of EECC will become part of EES.  Larry Izzo will report to the
EES Office of the Chairman.

 These changes will better align our intellectual capital with the growth
opportunities within Enron and provide new and exciting opportunities for our
employees.  Please join us in supporting and implementing these changes.


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
06/02/99 09:34 AM ---------------------------
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara
Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Marie Heard/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc:
Subject: Group Meetings

Our meeting for this morning will have to be canceled due to scheduling
conflicts.  Please make every effort to reserve this time slot (first and
third Wednesdays at 10:00) in the future for our group meetings.


Hey noonie!

I am going to try to make it to revival as well so I'll bring your
invitation. I have one for Robin too. Tasha told me that she told her about
it but she didn't say whether she was coming or not. Those are the two
places where she is registered. You are a mess talking about you might have
to pick something up for yourself. It is hard not to come out of there with
something for yourself and I'm sure Todd wouldn't be mad at cha' :o) I have
all the games ready for the shower, I sure hope everyone enjoys them.

What is your favorite mascara?

                    Patrice.L.Mims
                    @enron.com            To:     hope-frelix@reliantenergy.com
                                          cc:
                    11/02/01 09:14        Subject:     RE: Hi
                    AM

Hope,

I did not have Sheree's telephone number after all.  I am going to the
Revival tonight, so hopefully, she will be there and I will talk to her
then.  Did anyone invite Robin to the shower?  Also, where is Danielle
registered?  I need to do my shopping hopefully, before I go to church
tonight.  I think Tasha mentioned Vicky's Secret and Target.  Is she
registered at Vicky's Secret?  I might have to pick up something for
myself.  Let me know, b/c I have to stop by the mall anyway to get my
favorite mascara, and I just as soon go there at the same time.

Hugs

    -----Original Message-----
   From:   hope-frelix@reliantenergy.com@ENRON
   Sent:   Thursday, November 01, 2001 3:56 PM
   To:     Mims, Patrice L.
   Subject:  RE: Hi

   Yes we were out shopping today at Arne's. Tasha had me gone for 2.5
   hours
   because we stopped at Benihana's! I'm so proud of Jordan. What subject
   is
   he enjoying the most? Taylor loves reading. DeMya has been repeating
   just
   about every word that you say. Tricey why does she say no mam,
   especially
   to Taylor. I guess I say that too much :o).

   I do mean Sheree, that's a cute spelling of her name. Yes, please tell
   her
   or like you said call me. Danielle was going to get her address because
   she
   had her name down for someone she wanted to invite but didn't get a
   chance
   to.

   Smooches

                       Patrice.L.Mims
                       @enron.com            To:
   hope-frelix@reliantenergy.com
                                             cc:
                       11/01/01 03:16        Subject:     RE: Hi
                       PM

   Hey Lady,

   I just asked "Tarsha" about you the other day.  I hear you two have been
   shopping for decorations, etc. for the shower.  I will be there on
   Saturday, looking forward to it.  How are the girls, the boys are doing
   great.  Jordan just got his first report card, and it was very good.
   I'm
   very proud of him, and Kendall is just Kendall, my little "stinky".

   Who is Sherie or do you mean Sheree?  I may have her number at home,
   I'll
   call you if I do, or just call her for you.

   Talk with you later!!!

   Hugs

       -----Original Message-----
      From:   hope-frelix@reliantenergy.com@ENRON
      Sent:   Thursday, November 01, 2001 2:41 PM
      To:     Mims, Patrice L.
      Subject:  Hi

      Hey Tricey!

      I haven't talked to you or seen you in a little while. What has been
      going
      on? How are the boys?

      Not too much is going on with me. I went on a field trip with Taylor
      yesterday to the Oil Ranch (pumpkin patch) and we had a good time.

      Danielle was going to give you your invitation to her shower on
   Tuesday
      but
      she didn't know that we weren't having rehearsal and I didn't either.
      Needless to say, I have your invitation and I would like to give it
   to
      you.
      Do you think that you are coming? It's at the Pappadeaux on
   Westheimer
      at
      4PM. By the way, do you by chance have Sherie's phone number or email
      address I have one for her too?

   **********************************************************************
   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.
   **********************************************************************


I'm not sure who Diana is - do you know if someone has been in contact with
the COMEX and has received their permission?

	David Forster@ENRON
	07/21/2000 07:49 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Fin. metals launch newsticker

Further to my voice mail. . .

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 07/21/2000
07:50 AM ---------------------------

Diana Seifert@ECT
07/21/2000 06:38 AM
To: David Forster/Corp/Enron@Enron, Edmund Cooper/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT, Lara Fields/HOU/ECT@ECT

Subject: Fin. metals launch newsticker

This should be the final version now !

F.Y.I.
Edmund changed the contract description.
LME + COMEX are fine with Enron using their names + prices.

Rgds

Diana


Done.  Sorry it took so long.

DG

Tricia Truong
01/18/2001 02:27 PM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Enervest - S# 27239

Darron,
This is just a friendly reminder.....
Thanks,
T
---------------------- Forwarded by Tricia Truong/HOU/ECT on 01/18/2001 02:24
PM ---------------------------

Tricia Truong
01/09/2001 11:19 AM
To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Enervest - S# 27239

Hi Daron,
Could you please change rate on the above deal from $2.24246 to $2.156695 for
days 2/21/00 - 2/29/00?
Please let me know if you have any questions.
Thanks for your help,
T  3-9852


The following was approved on June 1, 2000:

2 Year Term Options - 250,000 at 71.125

3 Year Term Options - 221,000 at 71.125

I will contact you when I have an amendment to your contract in hand.  Grant
agreements will follow.

Please call me if you have any questions.

Thanks - Mary x3-3993


Drop the first comma in the first sentence of the third paragraph.  Otherwise
good to go.

	Mark Frevert/ENRON@enronXgate
	Sent by: Nicki Daw/ENRON@enronXgate
	03/16/2001 08:42 AM

		 To: Steven J Kean/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, David W
Delainey/HOU/EES@EES, Dan Leff/HOU/EES@EES
		 cc: Maureen McVicker/NA/Enron@Enron, Liz M Taylor/HOU/ECT@ECT, Kay
Chapman/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Barbara
Hooks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Keith Dodson/NA/Enron@ENRON, Brian
Stanley/EU/Enron@ENRON
		 Subject: DEnron Engineering and Operational Services - DRAFT Announcement

Please find attached draft announcement for your review and comment.

I would like to release this on Monday (March 19th).

Thanks

Mark


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DAILY FEATURE
is now available on nationaljournal.com:
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TECH DAILY AFTERNOON FEATURE:
People Column: Senior Writer Bara Vaida looks at the top movers and shakers
in high-tech policy.
Click here to go directly to the feature -
http://nationaljournal.com/pubs/techdaily/features/people/peop011120.htm

TODAY ON NATIONALJOURNAL.COM:
-- BUDGET BATTLES: A Feast Of Fiscal Insights
   http://nationaljournal.com/members/buzz/budget.htm

-- POLL TRACK EXTRA: What The Public Thinks Congress Should Be Doing
   http://nationaljournal.com/members/news/2001/11/1120ptextra.htm

-- CHARLIE COOK: How The Insiders Are Viewing 2002
   http://nationaljournal.com/members/buzz/races.htm

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Otra mas.

Did I get that right?
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/29/2000 07:03
PM ---------------------------

Jeffrey Keenan@ECT
08/29/2000 06:53 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: VEPCO contact list

Kay:

Here are my vitals.

Jeffrey M. Keenan
Director
Office: 713-853-4205
Fax:  713-646-3037
Cell:  713-851-6810

Thanks,

Jeffrey

	From:  Kay Mann @ ENRON                           08/29/2000 09:01 AM

To: Reagan Rorschach/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT, Terri Austin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
nwodka@bracepatt.com, Lloyd Will/HOU/ECT@ECT, Larry Soderquist/HOU/ECT@ECT,
Matthew F Gockerman/HOU/ECT@ECT, Chris Herron/Corp/Enron@Enron, Mitch
Robinson/Corp/Enron@Enron, Gautam Gupta/HOU/ECT@ECT, Brian
Kerrigan/HOU/ECT@ECT
cc: Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT, Jeffrey
Keenan/HOU/ECT@ECT, Tom Chapman/HOU/ECT@ECT, Herman Manis/Corp/Enron@ENRON
Subject: VEPCO contact list

I'm going to have an updated contact list prepared.  Please email me with
your telephone, location, email address, and cell phone number, if desired.

Please let me know who should be added to this list.

If you are receiving this vis a cc, I have your information.

Thanks,

Kay


Linda Hayman
Skadden, Arps,Slate, Meagher & Flom, LLP
4 Times Square, 42nd Floor
New York, NY  10036
T:  212-735-2637
F:  917-777-2637

------------------------------------------------------
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e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
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professional qualifications will be provided upon request.

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Message-ID: <DF2D6583BCB6D211935C0008C7B957910136759C@chmail02.gcd.com>
From: "Brown, Gregory" <gbrown@gcd.com>
To: "'Linda Hayman '" <LHAYMAN@skadden.com>
Subject: RE: Happy Birthday
Date: Wed, 13 Sep 2000 19:46:22 -0500
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Linda,

Nice to hear from you.  I sent Amanda an e-mail yesterday congratulating her
on the wedding.  Good to see that everyone survived and had a good time.
You must be very proud of your now grown up, married and employed daughter!
I heard she received an offer from Simpson.  That's great for her.

As for me, can you believe that I'm still here at Gardner and going into my
5th year!  Neither can I.  I need to go drop out and live on an island
somewhere.  I promise to stay until Nov. 4, though.  I'd love to get
together with you (we can even drink rum jumbees here) provided that I'm in
town.  I probably do need a tune up from you.

I am either flying to Miami the evening of the 4th or the morning of the
5th, I should know shortly.  Our boat is going down for the Mumm 30 world
championships.  A week of racing in the Atlantic.  Should be fun, but a lot
of work.  Are you coming in the 3rd or the 4th?

Finally, as for travel, my dream trip right now is Australia/New Zealand for
3-4 weeks.  I also want to get back to South America.  Have you been to
Argentina or Chile?

Let me know what your plans are, I'd love to see you.

Fondly,

Greg

-----Original Message-----
From: Linda Hayman
To: Brown, Greg - Health Atty
Sent: 9/6/00 6:42 PM
Subject: Re: Happy Birthday

Yes Amanda is still at amh5h@virginia.edu.  and mark taylor is at
mark.taylor@enron.com.  Mark came to the wedding - so he can give you
all the details (what the bridesmaids wore, the color of the flowers on
the cake - all that interesting stuff).
Mark was trying to organize another trip to the Caribbean at the wedding
reception.  I haven't been back since I was there with you.  So I guess
it has been too long.  Mark suggested that we go the weekend of Nov 4.
It was a coincindence that he picked that weekend, because I have a
meeting in Chicago on Nov.  4.

So either way Nov 4 will work for me - either I will be drinking rum
jumbees on St John or I'll be drinking [beer] in Chicago.  [what drink
is chicago famous for - nothing comes to mind.]  If I make it to Chicago
on Nov 4 - will you be there?

When do you think you will get to Manhattan (where we are famous for our
martini s)?  I am amazed that you are doing so well without any advice
from me for several years.  Really I think you should come in to town
for a little "tune up".  How are things going for you.  Your email
didn't have many clues.  And your family - what is happening?

I had a tarot card reading for my birthday (don't ask - some loopy
friend gave it to me as a gift).  Anway the tarot card lady said I am
going to be travelling.  So I am asking everyone where they think I
should travel (and that is not a straight line).  So what sounds good?
What great destinations are on you r short list?

Keep in touch

Linda Hayman
Skadden, Arps,Slate, Meagher & Flom, LLP
4 Times Square, 42nd Floor
New York, NY  10036
T:  212-735-2637
F:  917-777-2637

>>> "Brown, Gregory" <gbrown@gcd.com> 09/04/00 02:38PM >>>
Linda,

Happy birthday to you!!  Did you spend it down in the BVI drinking run
jumbies?  I can only hope so!

How have you been?  I understand that Amanda's wedding was a couple of
weeks
ago.  A friend of mine sent me the announcement from the NYT.  You two
are
SO New York society.  I hope you all had a good time and everything went
off
well.

Life here is fine.  I've done a lot of sailing and golf this summer.  We
actually went down to the BVI for a week in April.  I thought about our
trips down there, especially our anchoring debacle at the Bitter End.

Are you going to be in Chicago any time soon?  I'd love to get together
for
dinner or a drink if you have the chance.  If not, I hope to get to NYC
sometime this fall and I'll give you a call.

Is Amanda still at her e-mail address at UVa?

Talk to you soon.

Fondly,

Greg

Gregory L. Brown
Gardner, Carton & Douglas
321 North Clark Street, Suite 3400
Chicago, Illinois 60610-4795
Direct dial: 312.245.8703
Facsimile: 312.644.3381
E-mail:  gbrown@gcd.com

 09/04/00
13:37:21----------------------------------------------------------------
--------------

This message originates from the law firm of Gardner, Carton &  Douglas.
It contains information which may be confidential or privileged and is
intended only for the individual or entity named above.    It is
prohibited for anyone else to disclose, copy, distribute or use the
contents of this message.  All personal messages express views solely
of the sender, which are not to be attributed to Gardner, Carton &
Douglas, and may not be copied or distributed without this disclaimer.
If you received this message in error, please notify us immediately at
postmaster@gcd.com or (312) 644-3000.

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

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by
the addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
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immediately notify me at (212) 735-3000 and permanently delete the
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Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

 09/06/00
18:40:40----------------------------------------------------------------
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This e-mail message was received with a file attachment that is not
supported by the GC&D e-mail system.  The attached file has been
removed.  The original text of the e-mail is displayed above without any
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 09/13/00
19:45:10----------------------------------------------------------------------
--------

This message originates from the law firm of Gardner, Carton &  Douglas.  It
contains information which may be confidential or privileged and is intended
only for the individual or entity named above.    It is prohibited for anyone
else to disclose, copy, distribute or use the contents of this message.  All
personal messages express views solely  of the sender, which are not to be
attributed to Gardner, Carton &  Douglas, and may not be copied or
distributed without this disclaimer.  If you received this message in error,
please notify us immediately at  postmaster@gcd.com or (312) 644-3000.

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

 - Linda Hayman.vcf


Steve - where did we ever get to in terms of responding to the Consul General
about sponsorship?  I came across his name in my files, and just wanted to
make sure that we had done the courtesy of closing the loop/closing this
out.   thanks  mcs


Start Date: 4/10/01; HourAhead hour: 15;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041015.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:  24.00 / Final:  23.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Thought you'd be interested in this.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 05/12/2000
09:34 AM ---------------------------

Jeffery Fawcett
05/11/2000 08:57 PM
To: Julia White/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Tammy
Jaquet/ET&S/Enron@ENRON
cc:

Subject: Draft- Notice of EnronOnline auction

Attached for your review and comment is a draft notice to TW customers of the
EnronOnline auction.  Inasmuch as I haven't been part of the development
process, please check this document carefully for errors and/or
misrepresentations.   To meet the timeline for this project, please provide
your comments back to me by noon, Tuesday, May 16.  Thanks.


Yahoo! News	Edit Breaking News Alerts - Yahoo!

	Breaking News Alert	 edit
WASHINGTON _ Industrial production falls by 0.3 percent in April.

	Click here!
	[IMAGE]

If you no longer wish to receive this alert, click here to unsubscribe.
If you have questions, send us feedback.

Copyright , 1994-2001 Yahoo! Inc. All rights reserved. Yahoo Privacy Policy


I am forwarding the text of a response I received from Gisele Rankin,
attorney for the Publilc Staff, to my inquiry regarding the security of
information submitted to the Commission under seal.  It largely tracks our
understanding and analysis.  The following are her words:

"To my knowledge, no one has challenged anything filed with the
Commission under seal pursuant to the trade secret statute.  Under that
statute, if you want the information claimed to be a trade secret, you
have to go to court and carry the burden (and my recollection from
reading the statute is that it is a very high burden).  The only other
way it could be made public would be for the Commission to order it to
be made public (because it isn't a trade secret), which to my knowledge
has never happened with anything even remotely of commercial value and
even then the owner of the information could go to court to stop it.
Costs related to generation are the most obviously "trade secret" type
information with which we deal. None of the utilities would try to claim
it isn't protected, because then they would have to reveal their
information.  CUCA could try to get it in order to participate in the
hearing, but CUCA generally supports IPP development (in general), and
Jamie would have to sign a nondisclosure agreement and not reveal the
information to anyone.  For all practical purposes, Enron is safe.
(Even if a claim were made, Enron could tie it up until the information
was so old it was worth much less, if anything.)"


Please get a hold of John sometime today to get these deals approved.  Leaf
did a cut wrong and I had to change them after the approval deadline.  These
deal with a cut from the 21st.

The deals that need to be approved are Enpower#'s 464394,464390 and 466378.

Thank you for your help.

Holden


---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 11:21
AM ---------------------------

pdrexel@columbiaenergygroup.com on 12/27/99 08:03:39 AM
To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject: RG&E 2000 Noms

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/27/99
08:10 AM ---------------------------

Heidi Boyd
12/27/99 07:25 AM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas, Marianne
Stiles/CES/ColumbiaGas@ColumbiaGas
Subject: RG&E 2000 Noms

Hi Morgan, Noel, and Paul,

I just received my daily volume for Jan 2000 from RG&E.  That number is a CNG
requirement of 83 dth's/day.

Thanks and will be sending you more soon.


You all should have received instruction from Sheila W. on the system for
salaries. I need that info late today so I can look at over the weekend.
Numbers are due Monday am. Rick


I guess we will know on Tues.


EA Logo.bmp

Announcement:

A Week of GREAT Events is Scheduled for March 13-16th (Next Week!!)

Tuesday (March 13):

12:30-2:00: Job Fair (hosted by Career Center) - BofA Forum
- come learn about PEL (Partners for Entrepreneurial Leadership) and BSG
(Berkeley Solutions Group)

6:30-9:00:? UCB Graduate Collaborate Rountable Dinner
- for Berkeley grad students in business, engineering, law, and information
systems. Organized by the Graduate Collaborate, a multi-school team devoted
to improving the interactions between Berkeley's Graduate Schools.? What is
the Entrepreneurship Roundtable Dinner? At the event, you'll be matched to a
table with a balanced group of other fellow Cal graduate students from the
schools listed above to talk about business, technology, entrepreneurship and
to make contacts and new friends.

Potential Table Topics:
Next Generation Internet
Voice portals
3G
Digital Intellectual Property (The Napster Issue)
Optical Networking
Peer-to-Peer/Distributed Computing
B2B - when will it come back in vogue?
B2C - is it dead?
Wearable computing
Or whatever else you would like to suggest!

- for further information, including RSVP details: see e-mail from Steven
Schuman (schuman@haas.berkeley.edu)

Wednesday (March 14):

5:30-7:00:? Tour of Berkeley Incubator - Bancroft Hotel
- Berkeley Incubator, founded in 1997 for start-ups created by current Haas
students and recent graduates.? Designed to provide office space, advanced
telecommunications capabilities and access to the Lester Center,s networks of
venture capitalists, attorneys, accountants, and consultants.
- if interested, please email Shing Wong (swong@haas.berkeley.edu) or Steven
Schuman (schuman@haas.berkeley.edu)

Thursday (March 15):

Evening - Haas Technology Club Firm Night - Airport Marriot Hotel,
Burlingame, CA

Friday (March 16):

3:30-4:45:? John Williams, SVP for Marketing Intelligence and Alliances, VISA
International - Wells Fargo Room
- John Williams, Senior Vice President for Market Intelligence and Alliances
at VISA International, will speak on his experiences as an original member of
the Palm team, a co-founder of Razorfish and a graduate of both the Haas and
Boalt schools.

5:00-??:? EA/BBSA (Entrepreneurs Association / Black Business Students
Association) Consumption Function
- come enjoy great food, music, and beer
- entertainment:? Tony Rovello and band... LIVE in the courtyard!!!

 - EA Logo.bmp


All responses to Ken Lay should be sent to kenneth.lay@enron.com

Roger:

I appreciate the brief e-mail concerning The Continental article.  It turned
out to be a nice article.

I have been in and out of London in recent weeks but not there for any
extended stay.  I believe my next extended stay in London will be this Fall.
I will attempt to come by and check your products out.

My very best to you.

Ken

"Haynes, Roger" <rhaynes@PoloRalphLauren.com> on 04/25/2001 10:17:41 AM
To: "'klay@enron.com'" <klay@enron.com>
cc:
Subject: C DNEM ROZDENIA !

Privet! Kenneth

I have just finished reading the article in Continental ,hence the Russian
greeting .

You look in good health , or is it the skills of the make-up artist ,the
former I hope .

Will you be making a stop in England ?.

Do skoroi vstrechi .

Roger


Steve,

These documents would be useful in the preparation for your upcoming
presentation in Madrid.

The Eurelectric trip to the US (including their visit to Enron building in
Houston) has been rather fruitful - attched is the report Eurelectric
delegates put together upon their return from States and the slides from the
presentation they made in Brussels for the Commission and Members of the
European Parliament. Also attached is the memorandum from the European
Commission on the Californian crisis. The bottomline message is that
liberalisation process is not to be blamed for what happened in CA but rather
a set of very complex conditions. Also, the Commission tried to highlight
that a similar situation is highly unlikely to be reproduced in the European
Member States.

Nailia


well, don't seem to be an electronic copy out there.  trying to get a hard
copy.

	Susan Scott
	11/09/2000 09:41 AM

		 To: Jeff Dasovich
		 cc:
		 Subject: New OII

The proceeding is I0011002; I think the order was issued Nov. 2.

---------------------- Forwarded by Susan Scott/ET&S/Enron on 11/09/2000
09:40 AM ---------------------------

Susan Scott
11/06/2000 02:28 PM
To: Jeff Dasovich
cc:

Subject: New OII

Jeff, I read in Gas Daily that the Cal PUC has issued an OII on the adequacy
of supply and pipeline infrastructure in southern California.  Could you have
someone send me a copy of the order whenever it is issued?  Steve thinks it's
something we might want to get involved in, but I need to know more.

Great to see you last week.

Ciao,
Susan


We have confirmed that there is no current agenda item pending for the CPUC
to act on banning direct access.  Having said that, there are reports from
highly placed staff that an item to implement the AB-1X ban is being held in
Bilas' office, as he would like to see the legislative process run its
course, but there is a possibility that Lynch will reassign the matter to
another commissioner who opposes direct acess (Wood)in an effort to kill DA
before any other legislation is passed.  Please note:  The foregoing is
internal speculation/gossip from within the commission, and should not be
considered as confirmed.  Notwithstanding the controversy over implementing
AB 1X, Commissioner Brown has written a letter to Bowen endorsing direct
access and her bill, and publicly supported direct access in the Commission
meeting today.  That means 3 commissioners have voiced support for DA, and
only 2 opposed.  This again raises doubts over the accuracy of Bowen's
statement--which may have been designed to scare opponents into supporting
her bill.  We are attempting to get a copy of the letter sent by Brown and
will forward it to the lobbyists if we obtaining.  Stay tuned.  Mike Day

-----Original Message-----
From: Scott Govenar [mailto:sgovenar@govadv.com]
Sent: Thursday, May 24, 2001 12:29 PM
To: Hedy Govenar; Mike Day; Bev Hansen; Jeff Dasovich; Susan J Mara;
Paul Kaufman; Michael McDonald; Sandra McCubbin; Rick Shapiro; Jim
Steffes; Alan Comnes; Steven Kean; Karen Denne;
Harry.Kingerski@enron.com; Leslie Lawner; Robert Frank; Ken Smith; Janel
Guerrero; Miyung Buster; Jennifer Thome; Eric Letke; Mary Schoen; David
Leboe; Ban Sharma
Subject: SBX 27 - PASSAGE

SBX2 27 (Bowen) passed out of the Senate Appropriations Committee on a
7-5 party-line vote.  In her closing, Senator Bowen said that if the
supporters of direct access do not want to help her with her bill she
would just as soon let if fail.  She also stated that the CPUC was going
to terminate direct access next week.  There was one additional
amendment taken which specifies that DWR must inform customers within 30
days of an inquiry what the projected exit fee will be.


Under the tax law, Enron is precluded from taking a tax deduction for certain expenses incurred in conducting lobbying activities.  Each year, Enron's employees must keep records of their time associated with these lobbying activities.

For your convenience, I am attaching a questionnaire with a memo from Marilyn Doolittle that has further details on completing the form.

Everyone on this email must return the completed form even if you performed no lobbying related services for the year 2001.  Additionally, your help in reviewing the email list and forwarding to anyone who should receive a questionnaire that is not listed, with a copy to the tax department so we can track the additional people's response would be greatly appreciated.

Please submit the completed 2001 Lobbying Time Report to me, Debbie Doyle, at EB1753a on or before Wednesday, March 13, 2002.


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 12/11/2000
08:43 AM ---------------------------
From: Sally Chen on 10/24/2000 12:24 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc: Vern Vallejo/HOU/ECT@ECT
Subject: Re: Executive Reports Add-In

From: Vern Vallejo@ECT on 10/24/2000 12:17 PM
To: Sally Chen/NA/Enron@Enron
cc:

Subject: Re: Executive Reports Add-In

---------------------- Forwarded by Vern Vallejo/HOU/ECT on 10/24/2000 12:09
PM ---------------------------

Robin Rodrigue
10/23/2000 11:42 AM
To: Vern Vallejo/HOU/ECT@ECT
cc:
Subject: Re: Executive Reports Add-In

Vern,

I am now responsible for publishing the EES Gas Position Report.   It seems
that the websave version that I received in the attached email is not updated
to publish the EES report.  Could you please send me an updated version or
let me know what I need to do so that I can publish this report?

Thank you,
Robin
x57478

Gabriel Monroy
10/20/2000 07:56 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Executive Reports Add-In

---------------------- Forwarded by Gabriel Monroy/HOU/ECT on 10/20/2000
07:54 AM ---------------------------
From: Vern Vallejo on 07/12/2000 06:04 PM
To: John Jacobsen/HOU/ECT@ECT, Robert Richard/Corp/Enron@ENRON, Mason
Hamlin/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Mark Confer/HOU/ECT@ECT, Frank
Prejean/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT
cc: Sally Chen/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT, Christa
Winfrey/HOU/ECT@ECT
Subject: Executive Reports Add-In

Attached is the latest version of the Add-In for publishing Executive
Reports.  It contains the "Pulp & Paper P&L", "Pulp & Paper Position", "Pulp
& Paper Price", "Emissions Summary", and "Natural Gas Net Fixed Price
Positions By Book (Ignores Correlation)" subroutines.

John Lavorato is expecting to see these publish reports in the updated viewer
tomorrow morning!

To use this latest version of the Add-In:

Close all instances of Excel.
Detach the attached websave2.xla file into the Microsoft Office's Library
directory.  Usually this is C:\Program Files\Microsoft Office\Office\Library
Launch Excel.
Under the Tools menu selection, select Add-Ins...
In the "Add-Ins available" list, look for "Websave."  If present, uncheck
it.  This is the old version of the add-in.
There should be a "Websave2" in the list.  This is the current version of the
add-in.  Check it and click the OK button.

I've also attached a workbook containing a buttons for the new reports that
you can copy and paste into your production workbooks.

Here are the named range values and the sheet names for the reports:

Named Range	Sheet Name
nr_NGFixPB  	Natural Gas Net Fixed
nr_EmSum  	Emissions Summary
nr_PPPL  	Pulp & Paper P&L
nr_PPPos  	Pulp & Paper Position
nr_PPPrice  	Pulp & Paper Price


Records indicate that there are a significant number of employees who have yet to have a drug test.

Here are the details of the locations in Houston, Portland and other locations.

Please attend one as soon as possible to avoid delays in your your onboarding and payroll processing.

HR


Jeff --

Please send the invoice to my assistant - Linda Noske - to have her take it through the system.  Her phone number is 713-853-6082.

Thanks,

Jim

 -----Original Message-----
From: 	Jeff Mangold - CAEM <jmangold@caem.org>@ENRON [mailto:IMCEANOTES-Jeff+20Mangold+20-+20CAEM+20+3Cjmangold+40caem+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 14, 2001 3:08 PM
To:	jsteffe@enron.com
Subject:	CAEM Invoice

Jim,

In trying to clear up some of our outstanding invoices, I contacted the
Enron Accounts Payable Department and they have no record of our May invoice
for $12,500.

They told me to go ahead and send a copy of the invoice directly to them,
but it will expedite things if I include on the invoice your Enron company
name and number and your external identification number. If you could reply
to this message with that info, I'd appreciate it.

If I can answer any questions regarding the invoice, or anything else for
that matter, please don't hesitate to contact me. Thanks.

Regards,
Jeff

---------------------------------------------
Jeff Mangold
Vice President, Administration
Center for the Advancement of Energy Markets
www.caem.org
jmangold@caem.org
Voice: 703-729-2710
Fax: 703-783-8720


fyi...

 -----Original Message-----
From: 	Philipp, Meredith
Sent:	Monday, October 22, 2001 9:03 AM
To:	Nord, Sue
Cc:	Shapiro, Richard; Palmer, Mark A. (PR); Denne, Karen
Subject:	Press Release and Statement: Ene Announces SEC Request, Pledges Cooperation

Sue-
FYI- we issued the attached release this morning. I know our govt affairs teams will have lots of questions and will probably be asked several questions.  Unfortunately, given the legal nature of this inquiry, we cannot say anything more than this at this time.  We are asking our folks not to engage in conversations or opinion related discussions about this.  Also, Ken Lay will be discussing this at an employee meeting tomorrow morning.  It would be a good idea for everyone to tune in, if possible (or review the playback later in the day.)

I am also attaching a brief INTERNAL Q&A about the SEC request- just to give a little more information.

Thanks-
Meredith


Rex: I just wanted to thank you once more for doing our tax return. We
realize that this is a very busy time of the year so thanks for your time. I
reviewed the return and everything looked great. Have a great time fishing.
Brad


Rita,

Since I was out of the office most of the week, I missed reading this
e-mail.  I am open any afternoon this week except for Friday (all day) and
Bob's staff meeting tomorrow (if we have it).  Let me know when you want to
meet.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 03/05/2001
10:27 AM ---------------------------

Mary Comello@ENRON
02/27/2001 04:21 PM
To: Greg Whiting/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Daren J
Farmer/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Megan Parker/Corp/Enron@ENRON,
Kelly Ellis/Corp/Enron@Enron
cc: Heather Choate/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENR
Subject: REVISED-Tenaska IV-Cleburne Plant

Please see the following reschedule meeting:

Date: Monday, March 5
Time: 9-10 AM
Place: EB3268

Thanks,
Mary x35999
---------------------- Forwarded by Mary Comello/Corp/Enron on 02/27/2001
04:17 PM ---------------------------

Mary Comello
02/27/2001 11:02 AM
To: Greg Whiting/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Daren J
Farmer/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Megan Parker/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENR

Subject: REVISED-Tenaska IV-Cleburne Plant

The above meeting has been cancelled for today and will advise you of the
reschedule.

Thanks,
Mary x35999
---------------------- Forwarded by Mary Comello/Corp/Enron on 02/27/2001
10:59 AM ---------------------------

Mary Comello
02/22/2001 02:59 PM
To: Greg Whiting/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Daren J
Farmer/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Megan Parker/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENRON

Subject: Tenaska IV-Cleburne Plant

Per the request of Rita Wynne, Please plan to attend the following meeting:

Topic: Tenaska IV -Cleburne Plant
Date: Tuesday, Feb. 27
Time: 1-2 PM
Place: EB37c1

Thanks,
Mary Comello x35999


Forwarded at the request of Joe Hillings.

Encl: The following persons please review the attachment found at the end of
this document.
 Ken Lay, David Merrill, Mike Dahlke, Rebecca McDonald, Paul Adair, Michael
L. Brown, Carey Sloan, John Fugh,   Manual  Gallego, Darrell Kinder.  Thank
you.

---------------------- Forwarded by Lora Sullivan/Corp/Enron on 11/15/99
10:40 AM ---------------------------

Tina Valdecanas <tvaldecanas@usasean.org> on 10/29/99 05:15:48 PM
To:
cc:  (bcc: Joe Hillings/Corp/Enron)

Subject: ACTION: Comments on WTO Briefing Paper

TO: US-ASEAN Business Council Members
FROM: Tina Valdecanas
P: 202/289.1911, ext. 230; e-mail tvaldecanas@usasean.org
 Web-site: http://www.us-asean.org
DATE: 29 October 1999
RE: ACTION: Comments on WTO Briefing Paper

Summary: The attached draft is being circulated among US-ASEAN Business
Council members for input. The briefing paper will be presented to the
ASEAN Trade Ministers who will be attending the WTO Ministerials in
Seattle in November/December 1999. Please forward comments to me by cob
Friday, November 19, 1999. End Summary.

The US-ASEAN Business Council is developing a briefing paper for the
ASEAN Trade Ministers who will be attending the World Trade Organization
Ministerials in Seattle, WA later this year. Trade representatives from
Brunei, Malaysia, Indonesia, Singapore, the Philippines, and Thailand
are expected to attend.

To ensure that member concerns are addressed in the paper, please send
comments/suggestions regarding the below draft to me at
tvaldecanas@usasean.org by c.o.b. Friday, November 19, 1999. I will
circulate a final draft the week of November 22. Thank you.

*****

US-ASEAN Business Council Briefing Paper

PRIORITY BUSINESS ISSUES

prepared in advance of the
WTO Ministerials
November 1999

A group of 400 of America's leading companies, the US-ASEAN Business
Council prides itself as being dedicated to effectively strengthen
bilateral and US-ASEAN relations through strong economic and commercial
ties. The Council is committed to promoting open and free trade globally
with the belief that such an environment is of benefit to all. Open and
transparent markets translate into economic growth and the opportunity
to raise the standards of living of the world's people. In addition to
providing a larger range of goods and services, rules-based, open
markets allow countries to be more competitive in the international
arena.

In this spirit, the Council's members offer this briefing paper as a
compilation of the commercial issues we consider of highest priority at
the onset of the new round of the WTO negotiations. This is not a
comprehensive roster, rather attention has been given to issues which:

* Hold priority status for American businesses seeking to expand
their trade and investment ties in ASEAN; and,

* Have been advanced significantly through the APEC process and
have a realistic prospect of being concluded within the three year
timeframe.

PRIORITY ISSUES

Accelerated Tariff Liberalization: The agreement reached at the recent
APEC Leaders' Meeting in Auckland has provided the critical mass
necessary for action on accelerated tariff liberalization in eight
priority sectors within the framework of the WTO. Continued tariff
reduction will have wealth creating and efficiency enhancing effects on
global trade. The end result would be a larger international market that
will encourage the continued foreign investment and global capital
flows.

Agriculture: A robust global food system that efficiently links food
production, food processing and consumption, is vital to continuing
development world-wide. Council members support initiatives to remove
all export subsidies and to reduce tariffs on agricultural products. The
Council also supports activities to ensure market-access for
agricultural products enhanced with the use of biotechnology. Use of
this technology provides a safe and sufficient food supply while
ensuring the safety of food sources and environment through strong and
transparent science-based domestic regulatory systems.

Customs issues: The Council is encouraged by the positive progress being
made in the area of Customs reform and liberalization. In the context of
this on-going cooperation, members hope to see the adoption of the
International Express Carriers Conference (IECC) Guidelines for Customs
and encourage governments to continue to address: electronic
pre-clearance in a paperless environment; twenty-four hour customs
operation; elimination of export clearance procedures; higher deminimus
levels; transshipment without processing; and payment of duties and
taxes for imports at defined periods rather than upon arrival. Each of
these actions would improve the speed or lower the expense of shipment.
Countries that have adopted measures along the lines of the above have
reduced the bottleneck effect that Customs can create and have improved
the competitive environment for companies within their borders. This
attracts investment, which creates jobs and wealth.

E-commerce: In the past few years, electric or "E-Commerce" has expanded
the depth and breadth of global commerce. Although the physical
infrastructure is quickly spreading to support such transactions, the
legal and regulatory framework is still being developed. Both suppliers
and consumers of E-commerce will benefit from an improved legal
environment and measures to benchmark policies and best practices in
member economies. To ensure that the industry continues to develop, the
WTO should give special priority to adopting a permanent moratorium on
the imposition of duties on electronic commerce.

Energy: With growing demand for energy and calls for clean and efficient
use of resources, the WTO should look to promote the diversification of
energy supply and a market-driven energy infrastructure development.
Well-functioning markets, greater energy efficiency and information
flows among market participants will aid in sustainable and equitable
growth globally. The WTO should support initiatives like the APEC
Natural Gas Initiative signed by the Energy Ministers at Okinawa last
year and the ongoing policy dialogues to address energy service-oriented
issues related to the development, extraction, production, distribution,
marketing, consumption of all energy products..

ITA: The US private sector applauds the advances made under the 1997
International Technology Agreement (ITA) and looks forward to the
beginning of negotiations for the second phase of the agreement. While
the November 1998 ITA II package does not meet all of our expectations,
the Council's members are confident agreements resulting from the
successful passage of ITA II will increase product coverage, encourage
progress on the elimination of non-tariff measures, and lead to the
harmonization of tariff classification of products already covered in
previous negotiation rounds. The continued review and revision of the
ITA's product coverage will further expand and distribute the benefits
of information technology globally, and is a fundamental necessity for
such a fast-paced, dynamic industry.

Although the Council would encourage discussion of ITA-II during the
upcoming round of WTO negotiations, we believe that the ITA-II
negotiations should remain independent and should be concluded as soon
as possible.


Attached is a redraft of your letter.  RMT knows nothing about the execution
or termination of any collar between Elektro and WestLB (since RMT was not a
party to that transaction). Also, we have been unable to internally trace the
source of the $387,250.00 received by RMT.  We are trying to trace this
through Chase and expect an answer on Thursday (if we're lucky).  Otherwise,
call me about the letter.  Sara


Habiba,

Looks good to me. Pleasure to work with you.

Vince

Habiba Bayi@ENRON_DEVELOPMENT
04/03/2000 06:23 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Contract Agreement

Hi,

Attached is the draft copy of the agreement for your review.  I will call
Lacima in London in the morning to fill in the gaps for the name of the book,
the date they intend to publish it and the name of the person who will sign
on their behalf.  As soon as I get your comments back, I will send the copy
to David, our attorney, and copy you as well.

Thank you.
Habiba


see attached


-----Original Message-----
From: Staab, Theresa
Sent: Monday, October 08, 2001 4:47 PM
To: Saucier, Darla
Subject: FW: Colorado Aug-01 File

Darla,
Here is Citizens for August 01.  I will get your December questions answered ASAP.

PSCO:
Transportation: $16,779.51
 3,135 x 2.21 = $6,928.35
4,960 x 2.65 = $13,144.00

Sub Total PSCO:  $36,851.86

CIG:
33175000 - $5,179.85
33171000 - $30,548.44
31029000 - $497.84

North Pricing:  38243 x 2.245 = $85855.54
South Pricing:  (Fixed) 8257 x 2.245 = $18,536.97
South Pricing: (Index) 8741 x 2.13 = $18,618.33

Trans. Credit:  97,030 x .06 = $(5,821.80)
3rd Party Credit:  ($1,750.53)

Sub Total CIG:  $151,664.64

TOTAL:  $188,516.50

Call me if you have any questions.

Thanks,
Theresa
 (Note:  In August we have made the correction to reduce the Citizens volume by the LGS/Woodward deliveries to White Rock.  FYI)

-----Original Message-----
From: Lipke, Craig [mailto:CWLipke@czn.com]
Sent: Friday, October 05, 2001 10:30 AM
To: Theresa Staab (E-mail)
Subject: Colorado Aug-01 File

Here it is again!

-Craig W. Lipke
Citizens Energy Supply
Phone (928) 226-2243
Fax     (928) 226-2168
Cell     (928) 699-3683

*******************************************************************
This email and any files transmitted with it from Citizens
Communication Co. are confidential and intended solely
for the use of the individual or entity to whom they are
addressed.  Any other use is expressly prohibited.
If you have received this email in error please notify the
sender immediately.
*******************************************************************


Barbara, here is the document I discussed concerning some of the Chicago
stuff.  Jeff, I don't know if you have received this from Gregg all ready.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/21/2000 12:34
PM ---------------------------

	From:  Gregg Penman                           10/13/2000 02:19 PM

To: David W Delainey/HOU/ECT@ECT, t.patrick@pecorp.com
cc: Janet R Dietrich/HOU/ECT@ECT, w.morrow@pecorp.com, j.luebbers@pecorp.com,
Laura Luce/Corp/Enron@Enron, Richard Tomaski/Corp/Enron@Enron,
t.hermann@pecorp.com (bcc: Kay Mann/Corp/Enron)

Subject: enovate update

Attached is the weekly status update for the business setup of enovate.
There are no significant updates to last week's report.   Please call me with
any questions.

Gregg


Friends and Co-Workers:

You are hereby cordially invited to a pre-holiday office lunch this Thursday at approximately 11:30 a.m, courtesy of the Trading Attorneys.

LEGAL NOTICE:  Christian Yoder and Steve Hall (hereinafter "we" or "our" or "us" ) intend to pay for the food (which will probably, but not necessarily, be pizza and salad) with post-petition Chapter 11 salary dollars that have already cleared our respective individual bank accounts and, therefore, by joining us in the meal ("Lunch") you will not be exposed to any retroactive claw-back risk by way of the Cash Account Committee.  We are also investigating the possibility of providing a limited quantity of a certain kind of beverage ("Beer") under a provisional waiver of the defunct pre-petition Company's drinking policies, subject to approval by the Estate's Liquor Control Board which is being sought on an expedited basis.

We feel like making this modest holiday gesture for several reasons:

1.  It has been a pleasure working with you all during the past year.
2.  We are optimistic about this office's prospects in the upcoming year.
3.  American Express forgot to cancel our Corporate Cards.

We hope you will join us for a free lunch as we look forward to a prosperous New Year.

Christian and Steve