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

Top Stories (January 24)

CALIFORNIA SCRAMBLING TO FIND LONG-TERM ENERGY SOLUTION
California is "burning through" money about as fast as it is consuming
electricity, putting added pressure on the state to quickly find a solution
to the energy crisis.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/24/eng-djn/eng-djn_082031_244_604758748319

CALIFORNIA-ISO TO START PUBLISHING DAILY POWER PLANT OUTAGES THURSDAY
The California Independent System Operator, which maintains electricity
reliability in the state, said Tuesday it will begin publishing on its Web
site a list of power plants that trip off the grid or are off-line for
maintenance.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/24/eng-djn/eng-djn_000042_189_915873657446

FERC CHAIRMAN, US ENERGY SECRETARY, WESTERN GOVERNORS TO MEET NEXT WEEK
Federal Energy Regulatory Commission Chairman Curtis Hebert, Jr., said
Wednesday that he will meet next week with U.S. Energy Secretary Spencer
Abraham and governors from western U.S. states to discuss California's energy
crisis and potential near-term and long-term solutions.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/24/eng-djn/eng-djn_150036_22_5941745867021

CALPINE: NEW 516-MW SUTTER PLANT ON SCHEDULE FOR JULY OPS
Calpine Corp's new 516-megawatt Sutter power plant in Yuba City, Calif., is
on schedule to start putting power on the grid in July, the company said
Wednesday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/24/eng-djn/eng-djn_200030_250_220355461352

OREGON UTILITIES PREPARE STRATEGY FOR POSSIBLE NORTHWEST BLACKOUTS
Should rolling blackouts occur in the Northwest, they would be much like
those experienced by about 675,000 California homes and businesses last week.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/24/krtbn/0000-0423-PO-UTILITY

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

USEC Inc. Earnings/Outlook -3: Debt Down From $198M >USU

USEC Inc. Earnings/Outlook -2: 2Q Table; Comment >USU

UniSource Energy Puts Year Net Above $1.25/Shr >UNS

Business News From The Philippines Press Thursday

DTE Energy Earnings -3: Year Fincl Table, Comment >DTE

Reliant Energy Files $600M Debt Securities Shelf >REI

DTE Energy Earnings -2: 4Q Financial Table >DTE

Brazil Judge: Will Rule On Wireless Auction Monday

With Eye On Calif, Mich Regulators Recheck Pwr Supplies

DTE Energy 4Q Net 97c/Diluted Shr Vs 67c >DTE

USEC Inc. Reaffirms FY01 Net $30M-$35M Outlook >USU

FEER(2/1): Asian Economic Forecast - United States

DTE Energy 4Q Net Operating Revenue $1.44B Vs $1.11B>DTE

WHITE HOUSE WATCH: Bush Gets Word His Nominees Are In

Calpine:New 516-MW Sutter Plant On Schedule For July Ops

USEC Inc. 2Q Revenue $387.1M Vs $447.6M >USU

USEC Inc. 2Q Net 26c/Share Vs 36c >USU

Higher Credit Costs Lurk In Dark For Calif. Cos., Munis

FERC Approves Accounting Method For GridSouth Launch

Duke Energy Consolidating Plants Due To New Pipeline

Duke Energy To Consolidate Okla. Facilities >DUK

GPU, Units Still On Moody's Review For Downgrade

DuPont/Costs-3: Pharm Ops Slowing, Unit Sale Progressing

Ontario Deregulation Still Seen On Line For 2001

EEI:US Electric Output For Wk Ended Jan 20 Up 0.6% On Yr

Duke Energy/Okla. Plant-2: Began Service 42 Mile Pipeline

PRESS RELEASE: Moody's: GPU, Units Still On Review-Down

Bistro Deals Downgraded On California Utility Exposure

UIL Hldgs Pres, Oper Chief-2: Vallillo To Hd Elec Utility

UIL Hldgs Names Vallillo Utd Illuminating Pres, Op Chief

PG&E Buffer Gone, California Summer Looks Even Bleaker

PRESS RELEASE:Fitch:Natl Rural Utilities Coop Outlook Neg

Energen Sees 2002 Net $2.50-$2.60/Diluted Shr >EGN

PRESS RELEASE: Calif Independent Power Projs On S&P Watch

DuPont/Costs -2: Currency Effects Worst In Seven Years

Energen Corp Earnings -2: 1Q, Trailing 12 Mos Table >EGN

DuPont Says Energy, Currency Costs Intensified In 4Q

5 Calif Independent Power Projs Remain On S&P Watch-Neg

FERC Chmn/Western Govs -2: `Sympathetic' To California

National Rural Utilities Coop Fin Corp Outlook Neg:Fitch

FERC Chmn, US Energy Secy, Western Govs To Meet Next Wk

DTE, Mich. Officials Finalize Coal Plant Settlement > DTE

Cinergy Doesn't See Debt Trouble, Despite Moody's Report

US Weather:Rain, Snow In West; Snow Around Great Lakes

PPL Corp Earnings -3: Year Financial Table >PPL

Telecom Italia Venezuela Unit Leads WLL Bids In 2 Regions

PPL Corp Earnings -2: 4Q Financial Table; Comment >PPL

PPL Corp Sees 2001 Net $3.60-$3.65 A Share >PPL

PPL Corp 4Q Net 87c A Diluted Share Vs $1.02 >PPL

Calif Scrambling To Find Long-Term Energy Solution

Cal-ISO To Start Publishing Daily Power Plant Outages Thu

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
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1-800-223-2274.

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

Bush Orders More Calif. Power But Emergency Two-Week Extension Is Last, He
Warns

Ark. May Delay Utility Deregulation at Least 21 Months

Controversial Utility Bill Is No More

Prairie House Report ; Credit Legislators with 'Wise' Handling of Utility
Deregulation

Washington State Acts to Prevent Power Woes

Reliant Energy Submits Bids in California Electricity-Supply Auction; Company
Also Offers More Flexible Solutions

Four Leading California PBS Stations Offer Examination of Statewide Energy
Crisis in 'California's Power Play'; Kqed to Air Special 'Bay Window' Joint
Production- Thursday, February 1 at 6 P.M.

Northern Border Partners, L.P. Announces Intent to Purchase Bear Paw Energy,
Llc

ROUNDUP Bush studies clean air waiver as California power crisis continues

Researchers at Work on Fuel-Injection System for Nuclear Fusion Power Plant

Sdg&E Announces Measures to Avoid Financial Crisis Impacting Other California
UtilitiesUndercollected Power Costs Reach $450 Million, May Top $1 Billion by
Year-End

Top Energy Summaries - Wednesday, January 24, 2001 - 5:18 PM

Energy Income Fund Exercises Warrant to Purchase Energy Partners, Ltd. Common
Shares

Full: DTE Energy Q4 Net 97c Shr Vs 67c

Ogden Names Edward Moneypenny As New Chief Financial OfficerMove Reflects
Company's Transition to Pure-Play Energy Company New Executive Has 25 Years
of Energy Industry Experience

Williams Announces Flexible Pricing Agreement with Old Dominion Electric
Cooperative

Emera Inc.: U.S. Federal Energy Regulatory Commission Approves Emera/Bangor
Hydro Merger

Anker Coal Group Agrees to Debt-for-Equity Swap

Duke Energy Field Services Opens Central Oklahoma Pipeline, Announces Plant
Consolidations

U.S. Federal Energy Regulatory Commission Approves Emera/Bangor Hydro Merger

Terra Systems to Join GE in Major Coal Demonstration Project

Turning Up the Heat on Utility Companies

California Crisis, Deregulation & More to Be Addressed at 'Power Outages:
Harbinger of Things to Come?'

Top Energy Summaries - Wednesday, January 24, 2001 - 1:54 PM

Devon Energy to Webcast Year-End 2000 Conference Call

Sale of Large Power Projects Development Rights

Tampa Electric Announces Senior Level Staffing Changes

Repeats: Energy Volume And Open Interest Totals-Jan 24

Allegheny Energy Named to Forbes' List

APP Announces the Sale of Large Power Projects Development Rights

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
for Wednesday, Jan. 24, 2001

Calif Indpt Power Producer Projs Remain on Watch

Scientech Announces Rapidpartsmart.Com, a Powerful on-Line Parts Search
Engine for Electric Utilities

Tapping Alaska's Natural Gas

Top Energy Summaries - Wednesday, January 24, 2001 - 1:58 PM

Connecticut, Federal Regulators Approve Sale of Millstone Power Station to
Dominion

Utility Iterates Power Conservation Hints

Locke, Legislature Tackle Power Crisis Perhaps This Bipartisan Partnership
Could Continue in Addressing Other Pressing Issues

Tacoma Power Starts Tests on Diesel Generators Today

Utility Begins Power-Saving Ad Campaign

S.F. Mayor Orders 5% Power Use Cut / City Hall's Outside Lights to Be Dimmed
to Conserve Energy

Supervisors Order Reduced Energy Use / 10% Less Power Consumption Is Final
Goal

Gabelli Raises Bangor Hydro-Electric Stake to 8.27% (Bgr)

Top Energy Summaries - Wednesday, January 24, 2001 - 12:23 PM

Mcn Energy Group Declares Regular Quarterly Dividend

Local Districts Bear Power Load

The New Power Company Clarifies Puc Process to Transfer Peco Customers

State Regulators Ok Deming Power Plant

Seattle to Hold Public Forum on Conserving Power

Bush Extends Calif. Power Orders

Energen Corporation Reports 60 Percent Increase in EarningsEnergen Resources
Continues to Drive Growth at Diversified Energy Company

Arkansas Moving to Delay Utility Deregulation

Software Protects Critical Business Data During Blackouts; Orange County
Company Provides Data Insurance Against Power Outages

Fitch Dwngr Juniper Generation to `Cc'; Remains on Rating Watch Neg

Repeats: Aga Preview: US Natural Gas Inventories Seen Down 85-110 ...

U.S.' Abraham renews order supporting power supplies to California

Top Energy Summaries - Wednesday, January 24, 2001 - 9:15 Am

City of Mesa Signs Contract for Sct's Customer Management SystemOnline
Account Access Will Improve Service to 350,000

 Customers of Arizona Utility And Provide Competitive Edge in Deregulating
Environment

U.S. Extending Emergency Edict: Orders Requiring Power Sales to State Until
Feb. 7 Will Be the Last

Looming Energy Tradeoffs: California Should Absorb Costs of Crisis Now, Not
Later

Fire Up Idle Electric Plants, Official Urges: Facilities Can Generate Power
from Wood Waste

Southern Company Becomes the Latest GKS Subscriber Client, Joining Allegheny
Energy, Ameren, Arizona Public Service, Cinergy, Nebraska Public Power
District And Texas Utilities.

Top Energy Summaries - Wednesday, January 24, 2001 - 7:28 Am

Energy Companies Slash Costs, Enhance Customer Relationships with Electronic
Bill Presentment And Payment

Power-One Announces Record Q4 And Year-End 2000 Results Company Exceeds
Analysts Expectations

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

Daya Bay Nuclear Power Plant Operates Safely for 1,000 Days

Japan Power, Gas Firms Seen to Raise Rates in April

Neb Postpones the Public Hearing on Sumas Energy 2, Inc.'S Application to
Construct An International Power Line in British Columbia

Tar Rejects Request to Void Enel Power Plants Sale Limit

ENRON NEGOTIATING PURCHASE OF ELECTRICAL GENERATOR IN ARGENTINA

2001 World LNG/Gtl Review to Deliver Market Analysis of High-Volume Remote
Natural Gas Conversion Technologies, Including
LNG, F-T Synthesis, Methanol And DME

Norsk Hydro Acquires Stake in Trinidad And Tobago Exploration License

Emae to Tender River Cleanup for Power Generation - Brazil

Indian Government: Sixteenth Electric Power Survey Report Released

Power Firms to Raise Rates in April, 7th Quarterly Hike

Australian Magnesium Set to Sign Agreement for Stanwell Power

Czech Energy Giant Cez Attracts German, French Utilities

Energy Supplies Reduces to Russian Sub-Builder for Debt.

Philippines' Arroyo appoints Jesus Alcordo as energy secretary

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

Berlin, Conn.-Area Utility Posts Record Earnings, But Still Suffers Loss

Customers to Reap Benefits of New Haven, Conn.-Based Utility's Earnings

California Utilities Get Another Reprieve

Tampa, Fla.-Based Teco Energy Reports 18 Percent Gain in Profits for 2000

Washington Commission Orders 'Soft Cap' on Power Company's Industrial Prices

Hurried Energy Plans in California Leave Many Questions for Consumers

California Lawmakers Struggle to Bring Energy Use under Control

High Energy Bills Hit San Francisco-Area Consumers

Bush's Energy Adviser Has Interest in California Crisis Due to Ties with Enron

California Still Not Safe from Blackouts, Regulators Say

Industrial-Power Users to Get Bit of Break in Washington

Salmon Recovery Program Suffers in Northwest Power Crunch

San Francisco-Based Utility's Stock Performance Teaches Investors Old Lesson

Virginia Lawmaker Hopes to Delay Deregulation of Electricity

North Carolina Deregulation Panel Not Ready to Advise Legislators

Oregon Utilities Prepare Strategy for Possible Northwest Blackouts

Oregon Increases Efforts to Conserve Electricity

Philadelphia Mayor Says Selling Gas Utility Should Be Considered

Electric Utilities in Pennsylvania Feel Price Squeeze

Pueblo, Colo.-Area Residents Receive Record-High Home Heating Bills

Department of Energy Worker to Stay Involved with Nuclear Illness Work

California Weighs Energy Bonds to Prevent Rate Hikes

Reliant Energy Plans 45 Percent Increase for Natural-Gas Customers in Houston

Houston-Based Energy Firm Enron Corp. Sets Records for Sales, Earnings in 2000

Houston-Based Energy Company Sees No Concern About Debt

New Jersey Utility Giant's Parent's Income Jumps 55 Percent

Pennsylvania Utility Reprimanded for Remarks About Supply Market

California Will Issue Bonds to Buy Power

Electricity Problems in California Slow Flow of Gasoline

Saucier, Miss., Water Cooperative Members Show Confidence in Leadership

Mississippi Residents Suffer from High Heating Bills

Niagara Mohawk Customers Are Faced with Riddle of Energy Deregulation

Buffalo, N.Y.-Area Energy Consultants Provide Pay-As-You-Save Improvements

Canadians Brace for Energy Boom

Third Party Assesses New Proposal to Bring Water to Aberdeen, S.D.

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

U.S. FERC okays Bango-Hydro, Emera utility merger

San Diego utility seeks to raise electric rates

DTE Energy Q4 earns beat expectations

Czech nuclear plant faces delay after pipe problem

Moody's may still cut GPU Inc ratings

FERC OKs Millstone nuclear plant sale to Dominion

UPDATE 1-PECO transfers 300,000 Pa. electric customers to TNPC

Cominco shares surge on increased power sales to U.S.

UPDATE 1 - San Diego utility seeks to raise electric rates

Pennsylvania defers GPU cost recovery request

Unisource raises 2000 earnings estimates

PPL fourth-quarter earnings beat estimates

Russians target Trans-Siberian in power cut demo

Canadian spot natgas off a bit on mild forecast

Connecticut OKs sale of Millstone nuke complex

Ogden Corp hires new CFO, Edward Moneypenny

UPDATE 1-Pennsylvania defers GPU cost recovery request

SoCal Edison says to run out of cash around Feb. 2

FERC talks set on Illinos Power's plan to quit ISO

TABLE-RGS Energy Group Inc. Q4 net lower

UPDATE 1-PPL stock rises as earnings top projections

Gas fears persist as lawsuit hits Kansas Gas Service

UPDATE 1-Warburg cuts telco-exposed utilities

FERC acts on Alliance RTO for Midwest utilities

RWE targets 10 pct of Belgian power mkt by 2007

ANALYSIS-California woes spark Australia power debate

Canadian bonds down as Fed conjecture roils markets

New York power supplies ample for normal summer -Con Ed

WRAPUP 3-California power crunch eases -- for now

OGE Energy's fourth-quarter profits fall 40 pct

ATG Resources first quarter profits up 32 percent

WRAPUP 1-U.S. power companies post strong Q4 earnings

Nicor Q4 earns rise 2 percent, sees Q1 EPS $0.75-$0.85

CMS Energy Q4 operating earnings rise 39 percent

PG&E says all gas suppliers complying with govt order

*********************************************************
NEW on the POWERMARKETERS.COM TRAINING PAGE
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ELECTRONIC TRADING. Power is following natural gas to become an
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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
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MANAGING BILLING. The complex requirements for managing billing and
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huh
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/31/2001 02:56 PM -----

	Shawna Johnson@ENRON
	01/31/2001 02:55 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT, Colleen Koenig/NA/Enron
		 cc:
		 Subject: Expense reports

I received your expense report today and have coded it.  It has been
processed and sent to Brad Stewart.

Thanks,

Shawna


Sheila would like to re-schedule tomorrow's call for Friday.  Could you send
out an email to the GE/Enron group to find the best time?

Thanks,

Kay


_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - 10-11 0800 Report.xls


Start Date: 1/28/02; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012813.txt


I am out of the office until Monday 11th June 2001.  If you need to contact
me urgently please contact my assistant, Tracey Belbin, on 020 7783 34028.

Thanks

Thanks


You're not excited about going, are you?  Are you hitting that site daily
now?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, November 15, 2000 4:45 PM
To: shusser@enron.com; dfranklin@hanovermeasurement.com;
Jason.Bass2@COMPAQ.com; daphneco64@bigplanet.com;
lwbthemarine@bigplanet.com
Subject:

http://www.rsn.com/pages/include/cams/campic.html?rsn_resort=telluride


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
08:17 AM ---------------------------

	Rick Buy @ ENRON
	09/07/2000 04:35 PM

Sent by: Jo Corbitt@ENRON
To: Sally Beck/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Mike
Jordan/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron, Mike McConnell/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT
Subject: RAC IT Improvement Projects


Please print out.

Thanks,
   RT


Oops!  Sorry~

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Thursday, November 15, 2001 1:31 PM
To:	Schlecht, Dinah
Subject:	RE: ENA Daily

I didn't see the attachment.

 -----Original Message-----
From: 	Schlecht, Dinah
Sent:	Thursday, November 15, 2001 1:30 PM
To:	Staab, Theresa; Felling, Amy
Subject:	ENA Daily

Dinah L. Schlecht
Sr. Market Services Rep.
Bear Paw Energy
720-946-3694 (work)
720-530-7758 (cell)


Sent you guys a check yesterday for $120 for me and Prentice.  Let me know if that covers gold on Saturday.

Best,
Jeff

Go Barry!


Brazil Scrambles for More Energy
The New York Times, 04/06/2001
World Watch
The Wall Street Journal, 04/06/2001

Dabhol notice: Govt has till Monday to respond
Business Standard, 04/06/2001
Houston-Based Energy Company's Broadband Division Pares 250 from Work Force
KRTBN Knight-Ridder Tribune, 04/06/2001
Chelmsford, Mass., Telecom Network Company Cuts Staff, Earnings Forecast
KRTBN Knight-Ridder Tribune, 04/06/2001
UK: Auto-sector unlikely to boost 2001 metal demand.
Reuters English News Service, 04/06/2001

Business/Financial Desk; Section W
Brazil Scrambles for More Energy
By JENNIFER L. RICH

04/06/2001
The New York Times
Page 1, Column 3
c. 2001 New York Times Company

SAO PAULO, Brazil, April 5 -- Though nightly newscasts show cars floating
down flood-prone streets here, residents are hoping for more rain -- at least
20 percent more than normal for this time of year, to be precise.
That is how much the operators of Brazil's electricity grid say needs to fall
to ensure that hydroelectric plants will continue to run at full capacity,
averting the need for energy rationing, like the recent rolling blackouts in
California, in at least part of Brazil later in the year.
Here, as elsewhere across the globe, the struggle to deregulate has been
coupled with soaring demand for power. As the Brazilian government seeks
other energy sources, formulates a rationing plan and encourages consumers to
voluntarily cut back energy use, companies --especially those in power-hungry
industries -- are scrambling for ways to make sure their electricity needs
will be met. And independent local and foreign power developers, like
EnergyWorks, based in Landover, Md., are hoping to be of service, offering to
construct minipower plants on the companies' premises.
''A lot of companies have been calling us in the last two weeks to see if it
is possible to invest in this type of project,'' said Nelson Cardoso de
Oliveira, business development manager for EnergyWorks, a unit of the
electric utility Iberdrola S.A. of Spain.
For the last few years, experts have warned of an impending energy crisis in
Brazil, as increasing industrialization has caused the demand for energy to
outpace supply by about 20 percent. The government's three-year-old effort to
attract more investors through the privatization of most of the country's
power grid has had a slow start. Local companies have been hindered by a lack
of financing. And uncertainties in the newly deregulated power market over
such things as the pricing of electricity have stymied grid-expansion plans
by the private enterprises, including Enron, that bought up the former
state-owned companies.
Even the completion last year of a natural gas pipeline from Bolivia has been
slow to stimulate investments in thermoelectric power, a move that was meant
to reduce the country's near-total dependence on hydroelectric power. Only 15
of the 49 thermoelectric plants that the government focused on almost two
years ago in its emergency power plan seem close to coming on line, in the
next year or so.
With rainfall missing major reservoirs and a shortage of transmission lines
preventing excess power that does exist from moving among regions, the
government says that the power situation in Brazil will be touch-and-go at
least until 2003.
So some of the country's biggest power-intensive companies are taking matters
into their own hands, hoping to ensure a constant power supply with their own
natural-gas-fired generators. Among those that have recently done so are Cia.
Siderurgica Nacional, a steel maker, and Globo Comunicacoes e Participacoes,
parent of the Rio de Janeiro daily newspaper O Globo. So have two rival
breweries: Cia. Cervejarias Kaiser, owned by the Coca-Cola Company, its
Brazilian bottlers and Heineken; and the maker of Brahma beer, Cia. de
Bebidas das Americas, known as AmBev. Plants are planned for the Brazilian
units of the American-based multinationals Corn Products International and
International Paper.
Rudi Anvari, director of Engineering and Technology at Corn Products Brazil,
said the company's decision was based on the ''need to count on a reliable
and flexible source of energy.''
In a study of power use in the state of Sao Paulo, the state's secretary of
energy found that companies produced 14 percent of the energy they consumed
in 2000, up from 5 percent in 1994.
In some cases, the excess power from these company plants can be sold to the
national grid. Jayme de Hollanda, general director of the National Institute
for Energy Efficiency, a nonprofit advocacy group, said that this so-called
cogenerated power should account for about 15 percent of the country's
electricity supply by 2010.
''The volumes that we are dealing with don't provide a complete solution for
the country, but they can certainly resolve localized problems,'' said Ivan
Marimon, the sales manager at Guascor do Brasil, a joint venture controlled
by Grupo Guascor of Spain, which builds small-scale power plants for
hospitals.
Companies said that part of the appeal of small power projects was that they
required less time to build than a public power project -- sometimes as
little as six months. And the cost, at about $6 million for a small
5-megawatt plant, could be just as cost effective for some companies as
buying electricity from the national grid, especially since electricity
prices were expected to increase significantly in the next several years.
Some private power concerns, including EnergyWorks, even finance the projects
outright. But for a project to be viable for financiers and builders,
companies need to agree to buy the electricity for 15 to 20 years. That is a
daunting proposition for Brazilians, who have been made shy of long-term
commitments by years of economic turmoil. Part of the doubt has been caused
by exchange rate worries. Unlike natural gas prices, which are charged in
dollars, electricity prices are fixed by the government in local currency.
Indeed, private power plants are clearly not for everyone.
''For most companies,'' said Pio Gavazzi, director of infrastructure at the
Federation of Industries of the State of Sao Paulo, a trade group, a solution
''could just be a matter of renegotiating existing electricity contracts or
installing more energy efficient parts in the factory.''

Photo: Brazilian companies and some overseas concerns are searching for more
energy sources to make sure their electricity needs will be met. This
EnergyWorks power plant was built for the Kaiser brewery in Pacatuba.
(EnergyWorks do Brazil Ltd.)
copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.
International
World Watch
Compiled by David I. Oyama

04/06/2001
The Wall Street Journal
A11
(Copyright (c) 2001, Dow Jones & Company, Inc.)

ASIA/PACIFIC
China Cracks Down
On Foreign Investors
In Cable Networks
China's telecommunications regulator threatened to seize assets in a move to
reinforce a ban on foreign investment in domestic telecommunications
networks. The move, announced on the Ministry of Information Industry's Web
site, follows widespread links between local cable-television operators and
companies seeking to use those networks to offer lucrative services such as
high-speed Internet access. A crackdown on the practice could threaten the
business operations of some Hong Kong-listed companies that have invested in
China's cable networks, usually with the tacit approval of local governments.
The ministry's notice said foreign companies, including Hong Kong and Macau
concerns, can't invest in telecom networks before China's expected entry into
the World Trade Organization. The notice requires foreign investors in
telecom networks to report to the ministry and "voluntarily rectify" the
investments. Local governments and companies that own fiber-optic networks
are also required to report their holdings within 30 days.
The notice exempts companies with a basic license for telecommunications
services, including state-controlled China Telecommunications, China Mobile
Communications and China Unicom.
UPS to Open Asian Hub in Philippines
United Parcel Service said it plans to open a hub in the Philippines to
handle deliveries within Asia. The Atlanta-based company said it hasn't
decided how large the facility will be, but "some limited operations" are
expected to begin by year's end. The hub is likely to be located at Clark
International Airport, a former U.S. Air Force base. UPS said the facility
should improve delivery times in the region because jet freighters from there
can reach all major Asian cities in fewer than four hours. It plans to keep
its existing cargo hub at Taipei's airport in Taiwan for trans-Pacific
operations. UPS, which began direct flights between the U.S. and China on
Sunday, can't fly between Taiwan and China because of the political stalemate
between Beijing and Taipei.
Indonesian Sports-Shoe Exports Decline
Indonesia's sports-shoe exports to the U.S. have fallen by 10% since December
because of the U.S. economic slowdown, putting thousands of people out of
work as companies such as Nike, Reebok and Adidas cut production orders, a
local industry-group official said. More than 300,000 Indonesians are
employed in sports-shoe factories, and exports last year totaled $2 billion.
Companies have also cut orders because of fears that Indonesia's political
instability could disrupt output, he said.
BRIEFLY:
-- Honda Motor plans to begin producing motorcycles in Asia outside Japan
within two years for sale in Japan, its president said. He said lower labor
costs would allow Honda to aim at reducing domestic prices of its
50-cc-engine bike to less than 100,000 yen ($800), from 140,000-150,000 yen
now.
-- Dabhol Power, an Indian unit of U.S. power company Enron, issued a notice
of arbitration to India's government to try to recover, at the Court of
Arbitration in London, 1.02 billion rupees ($21.9 million) it says it is owed
for supplying power to the Maharashtra State Electricity Board.
-- Indian investigators have concluded that the crash of a jet operated by
Alliance Air, a unit of state-run Indian Airlines, that killed 61 people last
July was the fault of the pilots of the Boeing 737-200 aircraft in making
their approach to Patna airport.
Taiwan's president, Chen Shui-bian, and the Dalai Lama, the exiled Tibetan
spiritual leader, met in Taipei, in a session that marked their common
interests and mutual differences with China's government.
---
EUROPE
France Telecom's Access Offer Rejected
France's telecommunications regulator said it again rejected France Telecom's
offer for the unbundling of the country's so-called local loop, and has
ordered the company to submit a new proposal by Thursday. Implementation of
the local-loop unbundling, which came into force Jan. 1, has been delayed
because of high prices set by France Telecom for access to local exchanges by
rival telecommunications operators. The regulator said some of the fees
announced by France Telecom remain too high and need to be reduced further.
Rival operators have complained repeatedly that the former French telephone
monopoly is erecting barriers that prevent them from access to the local
loop.
EU Vote Backs Livestock Vaccinations
The European Parliament voted overwhelmingly to ask European Union countries
to consider introducing wider vaccination programs to stem the spread of
foot-and-mouth disease. Although not binding, the vote will add to pressure
on EU members that have resisted calls for all but very limited immunization
programs against the virus, which sickens cloven-hoof animals. Opposition to
vaccinations has centered on potential trade losses. EU countries, notably
Britain, where more than 1,000 farms have been infected in six weeks, have
largely stuck to a policy of restricting livestock movements and killing
animals at risk of spreading the virus.
RWE Drops Bid for Spain's Cantabrico
German utility conglomerate RWE pulled out of the bidding for Spain's
Hidroelectrica del Cantabrico, paving the way for a negotiated end to the
yearlong takeover battle for the smallest of Spain's four power companies. A
joint bid of 27.30 euros ($24.61) a share from Ferroatlantica, a unit of
Spain's Villar Mir group, and German utility Energie Baden-Wuerttemberg had
trumped RWE's bid of 26 euros a share. RWE withdrew from the bidding war
after Cantabrico's board yesterday approved the Ferroatlantica offer. That
leaves just Electricidade de Portugal, the 30% state-controlled utility, in
the running for Cantabrico. EdP holds 35% of Cantabrico, which will force
Ferroatlantica to negotiate for control.
BRIEFLY:
-- L'Oreal's chairman said he is confident the French cosmetics maker can
maintain sales growth this year, after the company reported first-quarter
sales rose 12.7% from a year earlier to 3.4 billion euros ($3.07 billion).
"My confidence goes beyond the current year," he told analysts.
-- Swiss-Swedish engineering and technology company ABB plans to list its
American depositary shares on the New York Stock Exchange today, despite the
volatile market and a sharp decline in its stock price earlier this week in
Swiss trading.
-- Kenya's respected central-bank governor, Micah Cheserem, was abruptly
dismissed this week by President Daniel arap Moi, in a move that could
cripple the country's ailing economic-reform program. He was replaced by
Nahashon Ngigi Nyagah.
---
THE AMERICAS
Some Canadian Cigarette Taxes Raised
Canada's federal government said it is immediately raising the taxes on
cigarettes by four Canadian dollars (US$2.54) a carton in the provinces of
New Brunswick, Nova Scotia, Prince Edward Island, Quebec and Ontario, where
cigarette taxes were lowered a few years ago. The government is also
increasing the federal excise tax on each carton of cigarettes across Canada
by C$1, and will allocate an additional C$480 million over five years to its
antismoking campaign. Canada lowered cigarette taxes across eastern Canada
sharply a few years ago after widespread smuggling from the U.S., where
cigarettes were much cheaper. The initiatives are aimed at discouraging
smoking among youths, government officials said.
Brazil Posts Unexpected Rise in Output
Brazil's industrial production in February rose by a surprising 1.5% from a
year earlier, even though the month had three fewer working days than in 2000
because the nationwide Carnival festivities fell in February this year
instead of March. Output also rose 0.8% from January, boosted in part by an
8.7% rise in production of capital goods, the government said.
Canada Propane Merger to Be Reviewed
Canada's Federal Court of Appeal ordered the country's Competition Tribunal
to reconsider the proposed merger of propane distributors Superior Propane
and ICG Propane, Superior said. The tribunal ruled last August that the
merger could proceed, but Canada's Competition Bureau appealed the decision.
Court Rules Chavez Term Extends to 2007
Venezuela's Supreme Court ruled that President Hugo Chavez should stay in
power until January 2007, a decision that effectively allows Mr. Chavez to
extend what began as a five-year term to eight years, local media reported.
The court ruled that under a new constitution, "a transition period" and
fresh elections last July, which Mr. Chavez won handily, he didn't officially
begin his current term until January 2001. Supreme Court officials weren't
available to comment. Mr. Chavez could conceivably remain in power until 2013
because the new constitution allows for re-election to a new term. The ruling
is likely to spur Mr. Chavez's critics, who say he is trying to impose
authoritarian rule.
BRIEFLY:
-- Ecuador's government asked the International Monetary Fund to extend the
expiration of its $304 million standby-credit agreement to June 30 from April
18.
-- Free-market reform has brought prosperity to Brazil but hasn't narrowed
the gap between rich and poor. According to a report by Brazil's national
statistics institute, average per-capita income rose 30% between 1992 and
1999 to 525 reals ($245) a month. But the average income of the richest 10%
of all Brazilians remained 19 times greater than that of the poorest 40%.

Dabhol notice: Govt has till Monday to respond
Santosh Tiwary NEW DELHI

04/06/2001
Business Standard
2
Copyright (c) Business Standard

With little time left to respond to the arbitration notice served on it by
the Dabhol Power Company, the Union finance ministry has asked the law
ministry and the Maharashtra government to advise the Centre on the
counter-moves to be made.
The Enron-promoted company had issued a notice of conciliation and
arbitration for the non-payment of the December bill of MSEB of Rs 102 crore,
which had the state government as well as the Centre's counter-guarantee.
DPC has informed the Centre that it has to respond by 3.00 pm on Monday.
Maharashtra government sources said, "Thursday and Friday are holidays on
account of Moharrum and Mahavir Jayanti respectively. We will be able to work
on the notice only on Saturday. The Centre too will be able to take action
only on Monday as Saturday and Sunday are holidays."
Finance ministry sources said that the law ministry had earlier informed the
government that there was a case for Maharashtra seeking adjustment of
"availability penalty" from DPC against the outstanding bills and the Centre
was expected to fight it out in the international court of arbitration. They
further said that the Centre will respond to the notice well in time.
Sources also said that the Centre was contemplating the options through which
a long-term solution to the payment wrangle could be achieved.
The finance ministry was also firming up on its suggestion of the
possibilities of a re-negotiation of the counter-guarantee for a discussion
in the Cabinet, they pointed out. The Centre had made it clear earlier that
it was interested in finding a long-term solution to the problem by not
paying the December bill for which the GoI counter-guarantee was invoked by
the DPC, till the penalty issue taken up by the MSEB was settled.

Houston-Based Energy Company's Broadband Division Pares 250 from Work Force
Tom Fowler

04/06/2001
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Enron Broadband Services has eliminated up to 250 positions in recent weeks,
a reflection of changes in the high-tech market and a consolidation of
operations in the company.
Many of the employees have found work elsewhere with parent company Enron
Corp., said Chief Executive Officer Ken Rice, but the move brings the number
of Enron Broadband employees from as many as 1,200 in recent months to about
900.
Many of the job cuts came when Enron Broadband, a division of energy giant
Enron Corp., finished building out the 18,000-mile fiber optic network that
it uses to buy and sell Internet bandwidth, Rice said.
"We had a number of people working on that, but now that it's in place we
needed to redeploy them elsewhere," Rice said.
Consolidating operations from outlying Enron Broadband offices, such as
Portland, Ore., to Houston, also accounts for some of the lost positions, as
well as slowing demand for a PC-based streaming media product the company
developed, Rice said.
It's not unusual for Enron to move several hundred employees to different
locations and divisions around the country every year to account for changes
in the market, Rice said. The company employs about 15,000 people.
"It's just a part of the way we do business," he said.
Enron Broadband is still growing and has posted more than a dozen new
broadband-related jobs on its Web site since March 20.
Enron officials have shied away from calling the eliminated jobs "layoffs."
When word of the job cuts first surfaced at the end of March, a company
spokesman used the term "redeployed" to describe the action.
Many employees were offered the opportunity to find other jobs in Enron, but
those who did not find new jobs or accept other positions in the company had
few other options than leaving. That saved the company from actually firing
workers, which could have required it to report the actions to the Texas
Workforce Commission.
Enron Broadband Services has attracted a lot of attention in the past year
for pioneering a previously unheard of notion -- treating access to the
biggest Internet data lines as a fluid commodity that could be bought and
sold.
The group was created following Enron's 1997 acquisition of Portland General
Electric, a small Oregon utility company that was also in the process of
building its own fiber optic network. Enron used that as a starting point to
build its network, which now has access to dozens of other global networks.
The company buys time and access to those networks and sells it to end-users
who want to send large amounts of data over the Internet for things such as
broadcasts of concerts and meetings or more mundane tasks like exchanging
business data between two different offices of a company.
The company uses "pooling points," about 25 data switching hubs it owns
around the world, to open and close connections with other networks around
the world to effect those trades.
The company is also building a platform to deliver broadband content to homes
and businesses, such as movies and games.
The cornerstone of that content was originally a 20-year contract with
Blockbuster Video that would have combined that company's movie industry
clout with Enron's technology to bring video-on-demand to homes. Enron
canceled that deal in March, however, when Blockbuster couldn't deliver the
quantity or quality of movies Enron wanted, Rice said.
"We're working directly with the studios, broadcasters and other producers to
get content for that ourselves," Rice said.
The company announced a deal with a gaming firm to let customers order and
play a variety of video games through the Web shortly after the Blockbuster
deal fell through, but Wall Street quickly punished Enron's stock for the
news.
Combined with word of the job shuffling on March 21, the company's stock
dropped more than 8 percent in a single day and has continued to sag.
Since early March the stock lost more than 31 percent of its value, going
from about $74 to as low as $51, but closed up $1.98 on Thursday at $55.70.
Carol Coale, a senior analyst with Prudential Securities, said the market
already made adjustments for the reshuffling of jobs at EBS and reacted to
the dropping price of bandwidth.
"The balance of the drop has been in reaction to the premium multiple they
were getting for their technology in general," Coale said. "What would make
the stock go back up is if technology as a whole goes back up."

Chelmsford, Mass., Telecom Network Company Cuts Staff, Earnings Forecast
Peter J. Howe

04/06/2001
KRTBN Knight-Ridder Tribune Business News: The Boston Globe - Massachusetts
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Sycamore Networks, the Chelmsford optical networking company that once
dreamed of rivaling Lucent Technologies and Nortel Networks, yesterday said
it will lay off 140 workers. It also slashed its earnings forecasts.
Facing the same imploding market for telecommunications gear that has
battered Lucent, Nortel, and companies across the telecom industry, Sycamore
said its revenue for the quarter ending April 28 is likely to come in at a
stunning $100 million below analyst forecasts, or $50 million to $60 million.
That is only one-third of the last quarter's sales.
Instead of earning 5 cents a share as it did last quarter, Sycamore forecast
a loss of 16 to 19 cents per share, heavily driven by up to $150 million in
one-time charges for firing workers, writing off inventory, and other
expenses.
"This [13 percent] reduction in staff is a difficult step to take, but we
believe it is a necessary one," Sycamore president Daniel E. Smith said in an
analysts' conference call last evening. Sycamore said the layoffs will occur
over the next three weeks and would not comment on severance packages.
Sycamore cited the same set of factors that have led Wall Street to punish
telecom stocks it adored just a year ago: Carriers are abruptly slowing down
or abandoning spending on network upgrades as they struggle to make profits
on their huge investments so far and try to determine how bad and how long
the U.S. economic slowdown will be. Sycamore also said it has faced problems
from an unnamed supplier in getting enough components to ship expected
volumes of its high-end SN 16000 optical switching device this quarter, but
hopes to have it worked out by May or June.
Sycamore chief financial officer Frances M. Jewels said the company will not
generate net cash from operations "for the next several quarters," but is in
a fair position to ride out the slowdown.
Sycamore last month reported just under $975 million in cash and short-term
securities, plus another $400 million in long-term liquid assets. That should
be ample to cover its typical payroll, research, and operating expenses of
about $20 million a month.
Jewels and Smith said that despite the collapse in revenue, the company does
not want to cut back so deeply on research and sales that it will hurt its
chances of resuming sales growth. "The question is when, not if, service
providers will return to investing in their infrastructure," Smith said.
Sycamore recently bought a roughly 100-acre parcel of land in Tyngsborough
where it plans to build a new campus consolidating its far-flung Chelmsford
offices. "Those plans are still proceeding, albeit at a much more modest
pace," Sycamore spokesman Richard Williams said last night.
Sycamore would not say which customers have cut back or dropped spending
plans, but noted that it is well known Williams Communications accounts for
more than half of its revenue and that Williams has said it will slow down
capital expenditures.
Sycamore said it recently turned down a sale to a customer who was demanding
"vendor financing," or buying gear on credit. It said two customers with
which it had made such deals had drawn down only $50 million of $200 million
in authorized credit.
Many analysts have said Sycamore sorely needs to branch out from its customer
base of about a dozen emerging carriers like Williams, 360 Networks, and
Enron Broadband to land a marquee name like AT&T, SBC, or Verizon.
Smith said Sycamore is getting "positive feedback" from trials at big-name
U.S. and foreign carriers of that ilk, but gave no indication any sales deals
are imminent.
Sycamore shares, which have collapsed from highs of more than $190 last year,
had risen $1.41 to $9.06 in Nasdaq Stock Market action before trading was
stopped before the news announcement.

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

UK: Auto-sector unlikely to boost 2001 metal demand.

04/06/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, April 6 (Reuters) - Transport sector end-use is unlikely to provide a
substantial boost to base metal demand in the coming year, UBS Warburg/Enron
Metals said in their LME weekly metal report on Friday.
Depending on the metal, end-use by the transport sector makes up a large
proportion of overall demand for most of the base metals complex. Only in tin
does it appear to be less than ten percent of total demand, it said.
"The bulk of the transport demand is from the motor vehicles industry," UBS
Warburg economist, Warren Oliver said in the report.
Aluminium is also used in the aerospace sector while nickel is utilised in a
wide range of transport applications, the report added.
North America, Japan and Western Europe account for around 70 percent of
world auto production, although developing economies are begining to play an
important role.
USB Warburg auto equity research team estimates show despite five percent
increases in global auto production for 1999 and 2000, reaching 57.29 million
units last year, production is likely to stagnate or even decrease in 2001.
"UBS Warburg forecasts 2001 global production of 57.06 million units, a
decline of 0.4 percent from 2000."
Wide variations in regional production for 2001 are expected, the report
said.
"Of the large OECD producers, the U.S. is likely to show a substantial
decline, Japan a small decline and Western Europe a small increase," it said.
U.S. production, which was above the long term trend, is expected to fall
backwards, because of production cut backs by the 'Big Three' carmakers.
"While other producers in North America are increasing production, seemingly
confident in winning market share, this is swamped by cutbacks by GM , Ford ,
and Chrysler DE)," the report said.
Elsewhere, Japanese output has been decreasing during the 1990s. Annual
average output will show little change in 2001 and stay close to the trend
line over the past two decades.
In western Europe, production levels are above trend estimates and USB
Warburg predicts production in this area is likely to grow enough to remain
so.
U.S CAR SALES HOLDING UP, GERMANY FALLING
Car sales in the U.S have been strong so far this year despite overall
weakness of the American economy, the report said.
Preliminary estimates show March sales of just over 17 million units, above
the typical range of Wall Street estimates of 16.3-16.9 million.
"Indeed, in each of the three months of the first quarter, U.S sales have
surpassed consensus estimates."
"While we expect a deterioration of sales performance in coming months. it is
true that car sales have held up better than expected."
But car sales for the first two months of the year in Germany, which accounts
for around a quarter of the European market, are down five percent
year-on-year.
The rebound in German unemployment is one sign that consumer spending could
disappoint in coming months and autos could be particularly at risk.
Declining demand from the auto sector poses a clear risk, it added.
So although car sales have been better than expected in such markets as the
U.S, there is still concern the transport sector may not substantially boost
base metal demand over the coming year.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Bill, over the past few weeks we have had quite a few occasions that El Paso
has had problems checking out with other control areas due to them providing
transmission for other counter parties.  Last night and on several other
nights the generation guys at El Paso have been netting out generation
schedules with transmission schedules.  On several occasions,including last
night,  myself or other members of team have identified this problem for them
and have told them not too net the schedules.  However, last night, and on
other nights,  for several hours we were 15MW off because they netted a
schedule.  Bert, I and other group members have tried to assist them with
this issue however, it is becoming a consistent problem and i feel that
someone may want to mention it to Roger, Steve, or Tony.   I have tried to
address this with generation myself on several occassions however, the
problem has become reoccuring.n  Thank you for your attention to this matter.


As you requested, attached are our copies on the draft of the EPMI Agreement. - - Al
 <<Comments - Enron June 1 agreement draft.doc>>
Al Malmsjo
R. W. Beck
(407) 648-3521 - Office
(407) 421-5402 - Cell

 - Comments - Enron June 1 agreement draft.doc


SENT FOR ANGELA DAVIS:

Attached are the clean and blackline versions of the final El Paso documents.

With respect to the Schedule to the Master Agreement, the clean version is
attached, but there is no blackline version.  The only two changes were the
removal of the draft date and the revision of the signature block for
Mesquite.


It's a good one.


586761.01   586762.01  should be Pacificorp.
thanks


---------------------- Forwarded by Phillip M Love/HOU/ECT on 06/07/2000
06:39 PM ---------------------------

Jim Little
06/01/2000 10:08 AM
To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Transport


Here's a marked version of suggested changes.

Would it be preferable to be consistent with the use of the names VEPCO and
Capacity and Energy Agreement?

Kay


Have you ever heard back from Liz Fernandez or Desiree Monroe?


Lucy,

 I want to get the lease data and tenant data updated.

  The critical information is  1.  Move in or lease start date
      2.  Lease expiration date
      3.  Rent
      4.  Deposit

  If you have the info you can
  fill in these items  1.  Number of occupants
      2.  Workplace

  All the new leases should be the long form.

 The apartments that have new tenants since these columns have been updated
back in October are  #3,5,9,11,12,17,21,22,23,25,28,33,38.

 I really need to get this by tomorrow.  Please use the rentroll_1215 file to
input the correct information on all these tenants.  And email it to me
tomorrow.  You should have all this information on their leases and
applications.

Phillip


Please hold these names until we can agree on a date for this luncheon.
Thanks.  SS


----- Original Message -----
From: "George Polk Real Estate Ltd." <gpre@birch.net>
To: <lwbthemarine@bigplanet.com>
Sent: Monday, November 20, 2000 1:20 PM
Subject: FWD: survivor

>
>
> On Nov 17, G3brder@aol.com wrote:
>
> > Network television is developing a "Texas Version" of "Survivor",
> the popular
> > TV show:
> >
> > Contestants must travel from Amarillo through Fort Worth, Dallas,
> Houston,
> > San Antonio, and back to Amarillo, through San Marcos and Lubbock
> driving a
> > Volvo with a bumper sticker that reads:
> > "I'm for Gore, I'm Gay and I'M here to Take Your Guns".
> > The first to complete the round trip is the winner.
> >
> >
>
>


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed060101.pdf
 - ed060101.xls


Start Date: 4/13/01; HourAhead hour: 8;  HourAhead schedule download failed.
Manual intervention required.


You always say the most wonderful things!  I love being with you.  I think we were made for each other.  Everything seems to work really well between us. I have found everything I have ever wanted with you.  I can't wait for us to be together always.  I miss you already.

Love you,

Tracy

 -----Original Message-----
From: 	Harris, Steven
Sent:	Tuesday, October 30, 2001 9:42 AM
To:	Geaccone, Tracy
Subject:

Hi. You are so wonderful. Can it get any better?!!! Every minute with you no matter what we are doing is perfect. I love you so much and can't wait for us to be together always. You have a great sense of humor and you understand mine (that's a plus!). Take care babe.

	Steve


I've been told that we need to resubmit a non-binding expression of interest
by Tuesday. Previously, we submitted a one page non-binding letter indicating
that the FMV of the units is $44 MM each. You raise a good point in that we
should be prepared to say (again, on a non-binding basis) how long we will
need to close (in addition to increasing the bid on the units). I think if
our number is good, 30 - 45 days for documentation and close would work, but
I think we should also be willing to post some non-refundable $s within say,
2 weeks on the basis of an exclusivity agreement with Sithe.

The group's thoughts on this would be appreciated.

Thanks.

 -----Original Message-----
From:  Deffner, Joseph
Sent: Thursday, May 31, 2001 6:56 PM
To: Jacoby, Ben; Mann, Kay; Duran, W. David; Manis, Herman; Engeldorf,
Roseann; Schneider, Chip; Bills, Lisa
Subject: RE: GE Turbines

What is expected for the Tuesday bid? I would guess the most critical from a
timing perspective will be a response centered on price and
commercial/technical issues. Michael indicates below he would like a
timetable for internal approvals to a closing. Do we have any indication how
pressed he is to close and fund versus agreeing on economic terms quickly and
allowing us to review the form of contract to ensure compliance with
accounting and finance guidlelines along the lines of our discussion earlier
this week? Thanks.

 -----Original Message-----
From:  Jacoby, Ben
Sent: Thursday, May 31, 2001 5:59 PM
To: Mann, Kay; Schneider, Chip; Bills, Lisa; Manis, Herman; Engeldorf, Roseann
Cc: Booth, Chris; Rose, Steven; Virgo, Robert; Duran, W. David
Subject: FW: GE Turbines

All:

FYI, tomorrow I should receive turbine contracts for the 3 GE 7FAs being sold
by Site. Please see the e-mail below from Sithe's advisor regarding the
transaction schedule. Kay and I plan to initially review the contract, and I
have a technical team (Booth / Rose) ready to review the contracts as well.

From an accounting / finance perspective, I am interested in how we should
proceed given the circumstances. Kay and my initial plan is to review the
contracts from a technical / legal / commercial perspective and submit a
revised indicative number by Tuesday in consultation with Duran. Between now
and then, it would be helpful to know from accounting / finance how we should
proceed given that we are in a bidding situation (with I'm told three other
bidders). Herman / Rose / Lisa - please let me know your thoughts on this.

Chip - I would like Chris Booth to work with you on putting a draft DASH
together.

In the meantime, I will forward turbine contracts to everyone as soon as I
receive them.

Regards,

Ben

 -----Original Message-----
From:  MKolman@rcgroup.com@ENRON
[mailto:IMCEANOTES-MKolman+40rcgroup+2Ecom+40ENRON@ENRON.com]
Sent: Thursday, May 31, 2001 2:40 PM
To: Ben.F.Jacoby@enron.com
Subject: Re: GE Turbines

Ben:

Per our conversation today, the turbine contract and LTSA are being sent
via Fed Ex to your office in Houston.

Final bids are due next Tuesday, June 5th via fax to 781-270-0055.  Bids
should include best price and a closing schedule (date by which bidder will
have all internal approvals necessary to enter into a binding agreement
with Seller subject only to consent from GE).

Thanks again for you patience and please call me if you have any questions,

Michael

================
Michael A. Kolman
Principal
Navigant Capital
(781) 564-9774 (direct)


Great.  I'll come around in a bit and fill you in.

Kay

From: Suzanne Adams@ECT on 05/08/2001 09:22 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Power Trading Meeting

I've requested information as to when this and the other meeting occurs so I
can put them on your calendars for the future.

How was your weekend with the girls?

	Kay Mann@ENRON
	05/08/2001 07:16 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Power Trading Meeting

---------------------- Forwarded by Kay Mann/Corp/Enron on 05/08/2001 07:16
AM ---------------------------
From: Genia FitzGerald@ECT on 05/07/2001 04:21 PM
To: Elizabeth Sager/HOU/ECT@ECT, David Portz/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Christian Yoder/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:

Subject: Power Trading Meeting

Just a reminder, the above referenced meeting is scheduled tomorrow at 11:00
in EB38C1.

Thanks,
Genia


I think I'm driving in on Saturday morning, and staying with Bryan and Monica.  When are you getting to Austin?  Is your man coming with you?

 -----Original Message-----
From: 	Tara Strawser <tstraws@qwest.com>@ENRON
Sent:	Tuesday, October 16, 2001 3:22 PM
To:	Dean, Clint
Subject:	Re:

I don't know details.  What are your plans?  Any thoughts??  Julie and I talked
about maybe going to Hula Hut or Trudy's (for Mexican Martini's) Friday.  Any
suggestions?  Have you figured out what you are doing about this weekend?

Tara

Clint.Dean@enron.com wrote:

> No crap, me too.  Can you be more specific?
>
>  -----Original Message-----
> From:     Tara Strawser <tstraws@qwest.com>@ENRON
> Sent:     Tuesday, October 16, 2001 3:13 PM
> To:       Dean, Clint
> Subject:  Re:
>
> Going to Austin!!  Why?
>
> Tara
>
> "Dean, Clint" wrote:
>
> > Hey, what are your plans for this weekend?
> >
> > **********************************************************************
> > 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.
> > **********************************************************************
>
>  - tstraws.vcf << File: tstraws.vcf >>

 - tstraws.vcf << File: tstraws.vcf >>


Jay Harris Agency


Here's the version NorthWestern approved.

Letter to follow...

Kay


Please let me know if you would be available for the above mtg on Tuesday,
Jan. 25th from 1:00 - 4:00  ASAP.

Thanks,
Mary
---------------------- Forwarded by Mary Weatherstone/HOU/ECT on 01/21/2000
11:42 AM ---------------------------

Mary Weatherstone on 01/21/2000 11:30:15 AM
To: Inja Chun/HOU/ECT@ECT, Paul F Poellinger/HOU/ECT@ECT, Dave
Nommensen/HOU/ECT@ECT, Kevin Montagne/HOU/ECT@ECT, Michael
Guadarrama/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Randall L
Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT,
Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Jay Webb/HOU/ECT@ECT, Heather Choate/HOU/ECT@ECT, Yvette G
Connevey/Corp/Enron@ENRON, Cindy Cicchetti/HOU/ECT@ECT
Subject: Usecase Analysis for Enom Mtg.- Cancelled

The above referenced meeting that was scheduled for today at 2:00-5:00 in
EB2601a has been cancelled.  I will contact everyone for a time to reschedule
next week.

Thanks,
Mary
---------------------- Forwarded by Mary Weatherstone/HOU/ECT on 01/21/2000
11:27 AM ---------------------------

Mary Weatherstone on 01/18/2000 05:34:25 PM
To: Inja Chun/HOU/ECT@ECT, Paul F Poellinger/HOU/ECT@ECT, Dave
Nommensen/HOU/ECT@ECT, Kevin Montagne/HOU/ECT@ECT, Michael
Guadarrama/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Randall L
Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT,
Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Jay Webb/HOU/ECT@ECT, Heather Choate/HOU/ECT@ECT, Yvette G
Connevey/Corp/Enron@ENRON, Cindy Cicchetti/HOU/ECT@ECT
Subject: Usecase Analysis for Enom Mtg.

Per Jay's request the above referenced meeting has been scheduled for Friday,
January 21st at 2:00 - 5:00 in EB2601a.

Please plan on attending.  If you cannot attend, please let me know ASAP.

Thanks,
Mary


Made me chuckle...SRS

?
A Kentucky Fried Chicken location in New York City has
a special?  on what they are calling the "Bucket of Hillary"
(two small  breasts, two large thighs and a bunch of left wings)


thank you.

 -----Original Message-----
From: 	kelley_doolan@platts.com@ENRON
Sent:	Friday, November 02, 2001 10:32 AM
To:	Neal, Scott
Subject:	Re: confidentiality agreement

Hi Scott,

Thanks for sticking with this. Let me talk some of our folks here and I will get
you a McGraw-Hill legal counterpart to work with Jeff.

Best regards,
Kelley Doolan
202-383-2145

"Neal, Scott" <Scott.Neal@enron.com> on 11/02/2001 11:16:58 AM

 To:      Kelley Doolan/ST/FIS@FIS

 cc:      "Hodge, Jeffrey T." <Jeffrey.T.Hodge@enron.com>

 Subject: confidentiality agreement

Kelley,

I am writing to you to follow up on our discussion last week regarding
disclosure of counterparty names for price verification purposes.
Can you give me the name and contact information for the person within
your company that would work with us to put a Confidentiality Agreement
in place.
Jeff Hodge is our lawyer who will work on this for Enron.  Jeff can
contacted at 713 853-6911 or by email at jeffrey.t.hodge@enron.com.

Thanks for you assistance.

Scott Neal

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


CALENDAR ENTRY:	EVENT

Description:

Date:		5/21/2001
Duration (days):	5

Chairperson:	Outlook Migration Team

Detailed Description:


It would be great if Mark could join us.  How long are you going to be in
town.  If you are only going to be here that night, maybe it would be better
to just sit around and chat.  It really doesn't matter to me.
         Doc

-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Sunday, April 09, 2000 11:25 AM
To: RICHARDK@monm.edu
Subject: RE: Campaign Planning Committee

Thanks for your note - I'll keep those items in mind.  It seems pretty
clear to me that the Pres. has something of a bricks and mortar agenda and
some gentle nudges towards a more academic path may be needed.   I asked
Mark Kopinski, who is also coming to the planning meeting, if he wanted to
join us for dinner so I've sent him a note asking if he wants to go to the
play or not - I'll let you know what he says - I have mixed feelings since
I'd like to see the play but would regret the time we could have spent
chatting.


Does it still make sense to have these meetings anymore?  Maybe just sit in
on Novak's meeting.   Mark Haedicke
----- Forwarded by Mark E Haedicke/HOU/ECT on 02/15/2001 03:08 PM -----

	Becky Spencer
	02/15/2001 10:46 AM

		 To: Mark E Haedicke/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J
Hyvl/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Rick Hopkinson/Enron@EnronXGate, Lynn
Aven/NA/Enron@Enron
		 cc:
		 Subject: Meeting Today!

There will be a South American Legal Team meeting today!!

Thursday, February 15th
2:30 p.m. - 3:30 p.m. Houston time (5:30 p.m. Buenos Aires time)
EB38c1


(See attached file: ada010507.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - ada010507.pdf


Where did you ever get the idea for this?
---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/20/2000
05:33 PM ---------------------------

Becky Tlucek@ECT
07/20/2000 04:00 PM
To: Alonzo Williams/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Andrew H
Lewis/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT, Ashton
Soniat/Corp/Enron@ENRON, Bhavna Pandya/HOU/ECT@ECT, Bill
Berkeland/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT,
Brad McKay/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT, Bruce
Hebert/GCO/Enron@ENRON, Caroline Abramo/Corp/Enron@Enron, Chad
Starnes/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Charlie
Jewell/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Chris
Germany/HOU/ECT@ECT, Chris Lenartowicz/Corp/Enron@ENRON, Clint
Dean/Corp/Enron@Enron, Colleen Sullivan/HOU/ECT@ECT, Corry
Bentley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
Darren Delage/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, David
Ryan/Corp/Enron@ENRON, David Zaccour/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT,
Diana Allen/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Don
Baughman/HOU/ECT@ECT, Douglas Miller/ECF/Enron@ENRON, Douglas
SMITH/ENRON@Gateway, Ed Smith/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT,
Elsa Piekielniak/Corp/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Erik
Serio/Corp/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT,
Geoff Storey/HOU/ECT@ECT, George Hopley/HOU/ECT@ect, George
McClellan/HOU/ECT@ECT, George N Gilbert/HOU/ECT@ECT, George
Wood/Corp/Enron@Enron, Gerald Gilbert/HOU/ECT@ECT, Greg
Trefz/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT,
Gretchen Lotz/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James E
Terrell/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Janel
Guerrero/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Jared
Kaiser/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Jason
Crawford/Corp/Enron@Enron, Jay Reitmeyer/HOU/ECT@ECT, Jay
Wills/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Jeff
Kinneman/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Joe
Errigo/Corp/Enron@Enron, Joe Parks/Corp/Enron@ENRON, Joe
Stepenovitch/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, John
Berger/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT,
John Grass/Corp/Enron@ENRON, John Greene/HOU/ECT@ECT, John
Kinser/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, John M
Singer/Corp/Enron@ENRON, John Zufferli/HOU/ECT@ECT, John Zurita/HOU/EES@EES,
Juan Hernandez/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Keith
Comeaux/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Keller
Mayeaux/Corp/Enron@Enron, Kelli Stevens/HOU/ECT@ECT, Kevin
Cline/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Kyle Schultz/HOU/ECT@ECT, Larry
Jester/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Lawrence
Clayton/Corp/Enron@Enron, Lisa Burnett/Corp/Enron@Enron, Lisa
Lees/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Madhup
Kumar/Corp/Enron@ENRON, Madhur Dayal/HOU/ECT@ECT, Marc Bir/Corp/Enron@ENRON,
Maria Valdes/Corp/Enron@Enron, Mark Anthony Rodriguez/HOU/ECT@ECT, Mark Dana
Davis/HOU/ECT@ECT, Mark Smith/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON,
Martin Cuilla/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Matthew
Arnold/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT,
Michael W Bradley/HOU/ECT@ECT, Michelle D Cisneros/HOU/ECT@ECT, Mike
Carson/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Mike
Fowler/Corp/Enron@ENRON, Mike Grigsby/HOU/ECT@ECT, Mike
Maggi/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Nelson
Ferries/Corp/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Robert
Benson/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect,
Ronald Acevedo/LON/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Scott Hendrickson/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Steven Kleege/HOU/ECT@ECT,
Steven P South/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT,
Tammi DePaolis/Corp/Enron@ENRON, Terri Clynes/HOU/ECT@ECT, Theresa
Branney/HOU/ECT@ECT, Todd DeCook/Corp/Enron@Enron, Tom Donohoe/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Tom Mcquade/HOU/ECT@ECT,
Tori Kuykendall/HOU/ECT@ECT, Troy Black/Corp/Enron@ENRON, Wayne
Herndon/Corp/Enron@ENRON, William Patrick Lewis/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT
cc: Jeffrey T Hodge/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron

Subject: Antitrust Training

Please see the attached memo regarding the Antitrust Training.


- WassupSouthPark1.exe


What is the date of the law referening the Furnas right to contract for
energy and does it apply to their ability to contract for long term capacity
without a bid?

"RKG - Renata Kogut Gurevich" <RKG@tozzini.com.br> on 12/20/2000 04:57:08 PM
To: <Richard.A.Lammers@enron.com>
cc: <Andreia.Almeida@enron.com>, <James.M.Bannantine@enron.com>,
<Joao.Carlos.Albuquerque@enron.com>, <John.Novak@enron.com>,
<Jose.Bestard@enron.com>, <laine.A.Powell@enron.com>,
<Peter.E.Weidler@enron.com>, <Rob.G.Gay@enron.com>,
<Gilbert.Landsberg@shell.com.br>, <Guido.Renno@shell.com.br>,
<Johannes.Walzebuck@shell.com.br>, "CEB - Cl?udia Bonelli"
<CEB@tozzini.com.br>, "PGS - Pedro G. Seraphim" <pseraphim@tozzini.com.br>

Subject: RE: PPA - Notice of Intent to Terminate

Dear John,

We have discussed the issues raised in the conference call today with our
Litigation Department and we have come to the following conclusions:

In order to assure that EPE will not loose its right to terminate the PPA, we
suggest EPE to adopt one of the following solutions:

(i) send to Furnas the alternative letter, which says that, although the cure
period is already over, EPE, based on the progress on the issues related to
the lender consent, extends the 90-day cure period by another 30 days; or

(ii) send to Furnas the Notice of Intent to Terminate tomorrow and, after the
30-day consultation period, extend such consultation period by another 30
days.

We believe that EPE should not send the Notice of Intent to Terminate without
extending either the cure or the consultation period, for the PPA and the
Brazilian legislation are not clear about the possibility of EPE to exercise
its right to terminate the PPA after the 30-day consultation period.

Note that both solutions will only postpone the proceeding, for EPE will have
to decide whether it intends to terminate the PPA or not.

On the other hand, we believe that there will be no termination process
without arbitration, as Furnas and Eletrobr?s have already denied the
occurrence of a "causa de inadimplemento" under the PPA.

Regarding the possibility for EPE to start the whole process again, based on
the same "causa de inadimplemento", we believe that this proceeding would be
very fragile and could be challenged by Furnas and Eletrobr?s. As a result,
we do not suggest you to adopt this alternative.

Finally, according to section 24 (XXII) of Federal Law No. 8,666/93, Furnas
may contract the supplying of electric energy without a previous bidding
process.

Regards,

Cl?udia Bonelli

>>> <Richard.A.Lammers@enron.com> 20/12/00 16:00 >>>

Here are the notices to be discussed in our call today at 6pm sao paulo(
andreia will confirm the time)

"RKG - Renata Kogut Gurevich" <RKG@tozzini.com.br> on 12/19/2000 03:08:16
PM

To:   <Richard.A.Lammers@enron.com>
cc:   <Andreia.Almeida@enron.com>, <James.M.Bannantine@enron.com>,
      <Joao.Carlos.Albuquerque@enron.com>, <John.Novak@enron.com>,
      <Jose.Bestard@enron.com>, <laine.A.Powell@enron.com>,
      <Peter.E.Weidler@enron.com>, <Gilbert.Landsberg@shell.com.br>,
      <Guido.Renno@shell.com.br>, <Johannes.Walzebuck@shell.com.br>, "CEB -
      Cl?udia Bonelli" <CEB@tozzini.com.br>, "PGS - Pedro G. Seraphim"
      <pseraphim@tozzini.com.br>
Subject:  RE: PPA - Notice of Intent to Terminate

Dear Sirs,

Please find attached (i) last version of the letter sent to you yesterday
by Pedro Seraphim and (ii) the alternative letter requested by you today.

We remain at your disposal.

Regards,

Cl?udia Bonelli
Renata Kogut Gurevich

>>> <Richard.A.Lammers@enron.com> 19/12/00 14:21 >>>

Pedro and Claudia-This letter is fine . As an alternative, I would like you
to prepare another letter today that extends the 90 day period of
inadimplemento by another 30 days. the tone of the letter should be " based
on the progress we have seen toward resolution of the issues related to the
lender consent we hereby agree to extend the period of inadimplemento
another 30 days to give the parties and opportunity to resolve these
matters prior to deliver of the notice of intent to terminate" . I would
like you to have this letter ready by  5p.m , today if possible so I can
clear it onmy global task list call tonite. Andreia -please contact Claudia
today and ask her to please try to comply with this request and ask her to
participate in today's global task list call for the first few minutes

"PGS - Pedro G. Seraphim" <pseraphim@tozzini.com.br> on 12/18/2000 08:25:48
PM

To:   <Richard.A.Lammers@enron.com>, <Guido.Renno@shell.com.br>
cc:   <John.Novak@enron.com>, <laine.A.Powell@enron.com>,
      <Gilbert.Landsberg@shell.com.br>, <Johannes.Walzebuck@shell.com.br>,
      "CEB - Cl?udia Bonelli" <CEB@tozzini.com.br>, "PGS - Pedro G.
      Seraphim" <pseraphim@tozzini.com.br>, "RKG - Renata Kogut Gurevich"
      <RKG@tozzini.com.br>
Subject:  RE: PPA - Notice of Intent to Terminate

Attached is a revised draft notice, which became more of a warning than a
notice, and which also was corrected as suggested by Guido Renno.

The PPA does not contain a provision stating the delay in enforcing a right
should not be deemed a waiver of that right.  But also, it does not require
that the notice of intent to terminate be served right after the 90-day
cure period.  Therefore, we can wait to send the actual notice of intent to
terminate.

A remark:  the cure period is of 90 days and not 120.  It expires in the
next couple of days if not already.  I am not sure what strength this
warning could have, maybe not much more than a threat.  I understand that
starting the termination process is a very serious step, with a lot of
implications, and I fully respect the decision of just sending the warning.
I would only ask whether this task would not be better achieved by informal
contacts rather than a formal letter.

A small correction:  notices may be served by courts or by notaries, but
that is not required by law unless in specific circumstances.  The PPA does
not provide for any formal notification procedure, and thus there would be
no need to do it by courts or notaries.

If you need to discuss any point on this document during Tuesday or
Wednesday, please look for Cl?udia Bonelli, as I will be out of town.
Again, the full text of the notice is pasted into this e-mail, in case you
have any problem opening the attached MS Word file.
Regards,
Pedro

"[local e data]

Eletrobr?s - Centrais El,tricas Brasileiras S.A.
Av. Pres. Vargas, 409, 13 andar
20071-003 Rio de Janeiro, RJ
fax n: 21-221-5073
At.: Dr. Jos, Alexandre Nogueira de Rezende

Furnas Centrais El,tricas S.A.
Rua Real Grandeza, 219, 12 andar, Bl. A
22283-900 Rio de Janeiro, RJ
fax n:  21-286-8095
At.: Dr. Celso Ferreira

Ref.:     Contrato Sup 1.7.5.0130 ("PPA") - Considera??o de T,rmino do
Contrato

Prezados Senhores,

Fazemos referncia . Notifica??o de Inadimplemento encaminhada pela EPE em?21 de setembro de 2000, a partir de quando foi iniciado um PER?ODO DE?SANEAMENTO de 90 dias, nos termos da Cl?usula Vig,sima S,tima do PPA.?Aludido PER?ODO DE SANEAMENTO j? se encontra findado sem que a CAUSA DE?INADIMPLEMENTO tenha sido remediada por FURNAS ou pela GARANTIDORA.??Como j? esclarecido na Notifica??o de Inadimplemento de 21 de setembro de?2000, o inadimplemento , decorrente do descumprimento por Furnas de suas?obriga??es, conforme descritas na Cl?usula Vig,sima, Par?grafo Segundo, e?no Anexo 9 do PPA, bem como na Cl?usula 4 do Termo de Cess?o e?Transferncia, celebrado em 27 de abril de 1999, e ainda da falha da
Eletrobr?s, na qualidade de GARANTIDORA solid?ria, em garantir as
obriga??es de Furnas, conforme previsto na Cl?usula Quadrag,sima Primeira
do PPA.

Em virtude do acima exposto, vimos por meio desta ressaltar que, nos termos
da Cl?usula Vig,sima S,tima, Par?grafo Quinto do PPA, a EPE poder? a
qualquer momento emitir uma NOTIFICA_?O DE T_RMINO, uma vez que o PER?ODO
DE CONSULTA j? se encontra findado, sem que a CAUSA DE INADIMPLEMENTO tenha
sido sanada.

Atenciosamente,

[...]

C?pia:    Overseas Private Investment Corporation
     Nancy Rivera
     Manager Project Finance

     Kreditanstalt f_r Wiederaufbau
     Karl-Heinz Welman
     Vice President - Export & Project Finance"

>>> <Richard.A.Lammers@enron.com> 13/12/00 21:10 >>>

thank you for your quick response. Pedro and Claudia- Please incorporate
Guido's suggestion but let me know if this causes problems with keeping the
clock at 120 days if the partners choose this action on Janurar 21. Guido
and johannes- we will only send this letter to Furnas/Eletrobras if we have
not resolved our issues by the end of next week and I will certainly circle
back Johannes beforehand.

Guido.Renno@shell.com.br on 12/13/2000 07:24:56 PM

To:   Johannes.Walzebuck@shell.com.br, Richard.A.Lammers@enron.com
cc:   John.Novak@enron.com, Richard.A.Lammers@enron.com,
      pseraphim@tozzini.com.br, CEB@tozzini.com.br, RKG@tozzini.com.br,
      Gilbert.Landsberg@shell.com.br, laine.A.Powell@enron.com
Subject:  RE: PPA - Notice of Intent to Terminate

     As far as I know Notifica??o,legaly speaking,must be done" via
judicial" or through a notary's office.I suggest to sent a simple letter
warning Eletrobras and Furnas about the possibilities of application of the
clauses 20 and 4,as referred in the attached letter's copy already send to
them.It is recommend as well to sent Eletrobras" letter to Jos, Alexandre
Nogueira de Rezende,sice Raimundo already left the company.
Guido.Renno@shell.com.br
Tel:(55 21) 559 7769

> Subject:     RE: PPA - Notice of Intent to Terminate
>
>
> the wording is intended to match precisely what is in the contract.We are
> in no way commited to terminate when this letter is sent and we need to
> make sure we preserve the opportinity to terminate if we are not done by
> next week. Therefore ,I vote to keep the language the same.Please call if
> you would like to discuss.We also need to set up a time to talk about the
> options.
>
>
>
>
> Johannes.Walzebuck@shell.com.br on 12/12/2000 10:27:03 PM
>
> To:   John.Novak@enron.com, Richard.A.Lammers@enron.com,
>       pseraphim@tozzini.com.br
> cc:   CEB@tozzini.com.br, RKG@tozzini.com.br,
>       Gilbert.Landsberg@shell.com.br, Guido.Renno@shell.com.br,
>       laine.A.Powell@enron.com
> Subject:  RE: PPA - Notice of Intent to Terminate
>
>
> Gentlemen,
>
> thanks for the draft letter. It may be my misunderstanding of the
> language,
> but in my view we should try to find a formulation which is less
demanding
> than the term inten??o de t,rmino do CONTRATO.
>
> We still have to find a strategy in the JV for the case of an
> unsatisfactory
> response of Furnas. Termination is not necessarily the best alternative.
> My
> recommendation would be to phrase Considera??o de t,rmino do CONTRATO.
> This
> still gives a signal, but is not starting a mechanism which would be
> difficult to stop.
>
> I have also copied Guido Renno, who is most familiar with Furnas
clientele
> and can help us in phasing a " getinho style " letter , giving the
message
> tha we need to come to solution, but with a gentle touch in the words.
> Guido, appreciate your view on the draft letter to Furnas/Eletrobras.
>
> Regards
> Johannes
>
>
>
> > ----------
> > From:   PGS - Pedro G. Seraphim[SMTP:pseraphim@tozzini.com.br]
> > Sent:   Monday, December 11, 2000 3:00 PM
> > To:     John.Novak@enron.com; Richard.A.Lammers@enron.com; Walzebuck,
> > Johannes BRAZIL-G
> > Cc:     CEB@tozzini.com.br; RKG@tozzini.com.br
> > Subject:     Notice of Intent to Terminate
> >
> > <<File: TFTS-#1612-v-1-NOTIFICA??O_DE_INTEN??O_DE_T?RMINO.DOC>>
> > Attached, please find a draft notice for your review.  I tried to keep
> the
> > same style of the September 21st notice, with the correct references to
> > the PPA.   .  I do this because we
> > have been through some problems lately with our new e-mail servers.
> >
> > Regards,
> > Pedro
> >
> > [local e data]
> >
> >
> > Eletrobr?s - Centrais El,tricas Brasileiras S.A.
> > Av. Pres. Vargas, 409, 13 andar
> > 20071-003 Rio de Janeiro, RJ
> > fax n: 21-221-5073
> > At.: Dr. Raimundo Barreto Bastos
> >
> > Furnas Centrais El,tricas S.A.
> > Rua Real Grandeza, 219, 12 andar, Bl. A
> > 22283-900 Rio de Janeiro, RJ
> > fax n:  21-286-8095
> > At.: Dr. Celso Ferreira
> >
> >
> > Ref.:   Contrato Sup 1.7.5.0130 ("PPA") - Notifica??o de Inten??o de
> T,rmino
> >
> > Prezados Senhores,
> >
> > Fazemos referncia . Notifica??o de Inadimplemento encaminhada pela EPE?> em?> > 21 de setembro de 2000, a partir de quando foi iniciado um PER?ODO DE?> > SANEAMENTO de 90 dias, nos termos da Cl?usula Vig,sima S,tima do PPA.?> > Considerando ter aludido PER?ODO DE SANEAMENTO findado sem que a CAUSA?> DE?> > INADIMPLEMENTO tenha sido remediada por FURNAS ou pela GARANTIDORA, vem?> a?> > EPE . presen?a de V.Sas. notificar a inten??o de t,rmino do CONTRATO,?> nos?> > termos da Cl?usula Vig,sima S,tima, Par?grafo Segundo.?> >?> > Como j? esclarecido na Notifica??o de Inadimplemento de 21 de setembro?> de?> > 2000, o inadimplemento , decorrente do descumprimento por Furnas de?suas?> > obriga??es, conforme descritas na Cl?usula Vig,sima, Par?grafo Segundo,?> e?> > no Anexo 9 do PPA, bem como na Cl?usula 4 do Termo de Cess?o e?> > Transferncia, celebrado em 27 de abril de 1999, e ainda da falha da
> > Eletrobr?s, na qualidade de GARANTIDORA solid?ria, em garantir as
> > obriga??es de Furnas, conforme previsto na Cl?usula Quadrag,sima
> Primeira
> > do PPA.
> >
> > Esta notifica??o consiste em uma NOTIFICA_?O DE INTEN_?O DE T_RMINO
> > conforme disposto na Cl?usula Vig,sima S,tima do PPA, determinando,
> assim,
> > o in?cio do PER?ODO DE CONSULTA de 30 (trinta) dias, nos termos da
> > Cl?usula Vig,sima S,tima, Par?grafo Terceiro.
> >
> > Uma vez decorrido o PER?ODO DE CONSULTA sem que a CAUSA DE
> INADIMPLEMENTO
> > tenham sido sanadas, a EPE poder? emitir uma NOTIFICA_?O DE T_RMINO,
nos
> > termos da Cl?usula Vig,sima S,tima, Par?grafo Quinto.
> >
> > Atenciosamente,
> >
> >
> > [...]
> >
> >
> > C?pia:  Overseas Private Investment Corporation
> >    Nancy Rivera
> >    Manager Project Finance
> >
> >    Kreditanstalt f_r Wiederaufbau
> >    Karl-Heinz Welman
> >    Vice President - Export & Project Finance
> >
> >
> >
>
>
>
>
>
>

(See attached file: TFTS-#1612-v-2-NOTIFICA_?O_DE_INTEN_?O_DE_T_RMINO.DOC)

(See attached file: TERM1.DOC)
(See attached file: TERM2.DOC)


Paul,

Thanks for putting in place the funding for our Stanford relationship with
Nick Bambos.

Below is a draft letter which should accompany the funds sent to Stanford.
By designating the funds as a gift to this specific research area, all the
funds can be used to support bandwidth and networking research without any
overhead charge from the university.    If you need any clarification or
assistance, please contact Vince, me,  or Nick Bambos directly.   Nick's
email is bambos@stanford.edu.

--Stinson
x34748

DRAFT of letter to be sent from Enron to Stanford.

Prof. Nicholas Bambos
420 Terman Engineering Center
Management Science & Eng. Dept. and
Electrical Engineering Department
Stanford University
Stanford, CA 94305

Dear Nick,

We are happy to provide gift funds of $100,000 per year, over
three years, to support a program in your research group, related
to Bandwidth Markets/Trading and Networking Technologies.

Enron would like to support research activities in the above
mentioned area, including Pd.D. student work, research seminars etc.
There may also be opportunities to have the supported Ph.D. students
do summer internships at Enron, related to their research interests.

Please find enclosed a check of $100,000 payable to Stanford University
for supporting this research effort in your group during the first year.

Best Regards,

Name and Title


The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO.  Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.

The main areas to focus on over the next week are:-

(i) 	Re-start/Integration Plans (due on Jan 7)				To be forwarded to Louise
	These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.
	The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.
(ii)	Budget (due Jan 3, 2002)						To be forwarded to Faith Killen
	First year budget to include all start up costs (some of which can be amortized)
(iii)	Seating Plans								Tammy Shepperd to co-ordinate
	We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
	I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv)	Due Diligence
	We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.

I would ask that both John and I are notified of any changes to the Netco personnel list on a timely fashion and that the list is maintained on a continual basis.  Please forward all alterations to Jeanie Slone who has responsibility for the master list.

Communication - I believe that the New Year combined with a internal communication issues may be a good time to review what we want to say on Netco and what our policies are.  I am asking David Oxley to co-ordinate with all of you on this.  I know a lot of you believe that we need to only communicate once we have retention programme in place for the estate which may be a good idea but we we need to make sure that we lose as few people as possible.

If you are unavailable this week, please ensure you delegate this work out.

Happy New Year

Louise


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